BUSINESS SEGMENTS (Tables)

12 Months Ended

Jul. 30, 2022

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The following table provides continuing operations net sales and Adjusted EBITDA by reportable segment and reconciles that information to Income (loss) from continuing operations before income taxes:

(in millions)	2022		2021		2020
Net sales:
Wholesale(1)	$	27,824	$	25,873	$	25,525
Retail	2,468		2,442		2,375
Other	219		219		228
Eliminations	(1,583)		(1,584)		(1,569)
Total Net sales	$	28,928	$	26,950	$	26,559
Continuing operations Adjusted EBITDA:
Wholesale	$	696	$	677	$	610
Retail	98		98		89
Other	44		(10)		(16)
Eliminations	(9)		1		(2)
Adjustments:
Net income attributable to noncontrolling interests	6		6		5
Net periodic benefit income, excluding service cost	40		85		39
Interest expense, net	(155)		(204)		(192)
Other, net	2		8		4
Depreciation and amortization	(285)		(285)		(282)
Share-based compensation(2)	(43)		(49)		(34)
LIFO charge(3)	(158)		(24)		(18)
Restructuring, acquisition, and integration related expenses	(21)		(56)		(87)
Goodwill impairment charges	—		—		(425)
Gain (loss) on sale of assets	87		4		(18)
Multi-employer pension plan withdrawal benefit (charges)	8		(63)		—
Note receivable charges	—		—		(13)
Legal settlement income	—		—		(1)
Other retail expense	—		(5)		(1)
Income (loss) from continuing operations before income taxes	$	310	$	183	$	(342)
Depreciation and amortization:
Wholesale	$	254	$	252	$	267
Retail	29		29		4
Other	2		4		11
Total depreciation and amortization	$	285	$	285	$	282
Payments for capital expenditures:
Wholesale	$	224	$	285	$	160
Retail	27		25		12
Other	—		—		1
Total capital expenditures	$	251	$	310	$	173

(1)For fiscal 2022, 2021 and 2020, the Company recorded $1,358 million, $1,381 million and $1,348 million, respectively, within Net sales in its Wholesale reportable segment attributable to Wholesale sales to its Retail segment that have been eliminated upon consolidation.

(2)Includes an immaterial amount of liability-settled share compensation expense.

(3)As a result of the segment profit measurement revision discussed above, previously reported Adjusted EBITDA disclosures by segment and the reconciliation to Income from continuing operations before income taxes has been recast to exclude the impact of the non-cash LIFO charge.

Reconciliation of Assets from Segment to Consolidated

Total assets of continuing operations by reportable segment were as follows:

(in millions)	July 30, 2022		July 31, 2021
Assets:
Wholesale	$	6,733	$	6,536
Retail	599		566
Other	335		462
Eliminations	(39)		(43)
Total assets	$	7,628	$	7,521