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SUBSEQUENT EVENTS
6 Months Ended
Jan. 29, 2022
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS
NOTE 16—SUBSEQUENT EVENTS

Subsequent to the end of the second quarter of fiscal 2022, in February 2022, the Company acquired the real property of a previously leased distribution center for approximately $153 million. Immediately following this acquisition, the Company monetized this property through a sale-leaseback transaction, pursuant to which the Company received $225 million in aggregate proceeds for the sale of the property. Under the terms of the sale-leaseback agreement, the Company entered into a lease for the distribution center for a term of 15 years. The Company expects to record a pre-tax gain on sale in the third quarter of fiscal 2022 currently estimated to be approximately $85 million as a result of the transactions, which primarily reflects the pre-tax net proceeds of the transactions.

Refer to Note 8—Long-Term Debt for discussion on a voluntary prepayment made under the Term Loan Facility subsequent to the end of the second quarter of fiscal 2022.