GOODWILL AND INTANGIBLE ASSETS, NET (Tables)

9 Months Ended

Apr. 29, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Carrying Value of Goodwill

Changes in the carrying value of Goodwill by reportable segment that have goodwill consisted of the following:

(in millions)	Wholesale			Other			Total
Goodwill as of July 30, 2022	$	10	(1)	$	10	(2)	$	20
Change in foreign exchange rates	—			—			—
Goodwill as of April 29, 2023	$	10	(1)	$	10	(2)	$	20

(1)Wholesale amounts are net of accumulated goodwill impairment charges of $717 million as of July 30, 2022 and April 29, 2023.

(2)Other amounts are net of accumulated goodwill impairment charges of $10 million as of July 30, 2022 and April 29, 2023.

Identifiable Intangible Assets

Identifiable intangible assets, net consisted of the following:

	April 29, 2023						July 30, 2022
(in millions)	Gross Carrying Amount		Accumulated Amortization		Net		Gross Carrying Amount		Accumulated Amortization		Net
Amortizing intangible assets:
Customer relationships	$	1,007	$	339	$	668	$	1,007	$	294	$	713
Pharmacy prescription files	33		21		12		33		18		15
Operating lease intangibles	6		4		2		6		4		2
Trademarks and tradenames	84		57		27		84		51		33
Total amortizing intangible assets	1,130		421		709		1,130		367		763
Indefinite lived intangible assets:
Trademarks and tradenames	56		—		56		56		—		56
Intangibles assets, net	$	1,186	$	421	$	765	$	1,186	$	367	$	819

Estimated Future Amortization Expense

The estimated future amortization expense for each of the next five fiscal years and thereafter on amortizing intangible assets existing as of April 29, 2023 is as shown below:

Fiscal Year:	(in millions)
Remaining fiscal 2023	$	18
2024	72
2025	70
2026	66
2027	63
Thereafter	420
	$	709