REVENUE RECOGNITION (Tables)

12 Months Ended

Jul. 29, 2023

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The following tables detail the Company’s Net sales for the periods presented by customer channel for each of its segments. The Company does not record its revenues within its Wholesale reportable segment for financial reporting purposes by product group, and it is therefore impracticable for it to report them accordingly.

(in millions)	Net Sales for Fiscal 2023
Customer Channel	Wholesale		Retail		Other		Eliminations(1)		Consolidated
Chains	$	12,816	$	—	$	—	$	—	$	12,816
Independent retailers	7,699		—		—		—		7,699
Supernatural	6,374		—		—		—		6,374
Retail	—		2,480		—		—		2,480
Other	2,253		—		224		—		2,477
Eliminations	—		—		—		(1,574)		(1,574)
Total	$	29,142	$	2,480	$	224	$	(1,574)	$	30,272

(in millions)	Net Sales for Fiscal 2022
Customer Channel	Wholesale		Retail		Other		Eliminations(1)		Consolidated
Chains	$	12,562	$	—	$	—	$	—	$	12,562
Independent retailers	7,360		—		—		—		7,360
Supernatural	5,719		—		—		—		5,719
Retail	—		2,468		—		—		2,468
Other	2,183		—		219		—		2,402
Eliminations	—		—		—		(1,583)		(1,583)
Total	$	27,824	$	2,468	$	219	$	(1,583)	$	28,928

(in millions)	Net Sales for Fiscal 2021
Customer Channel	Wholesale		Retail		Other		Eliminations(1)		Consolidated
Chains	$	12,104	$	—	$	—	$	—	$	12,104
Independent retailers	6,638		—		—		—		6,638
Supernatural	5,050		—		—		—		5,050
Retail	—		2,442		—		—		2,442
Other	2,081		—		219		—		2,300
Eliminations	—		—		—		(1,584)		(1,584)
Total	$	25,873	$	2,442	$	219	$	(1,584)	$	26,950

(1)Eliminations primarily includes the net sales elimination of Wholesale to Retail sales and the elimination of sales from segments included within Other to Wholesale.

Schedule of Accounts, Notes and Allowance for Uncollectible Receivables

Accounts and notes receivable are as follows:

(in millions)	July 29, 2023		July 30, 2022
Customer accounts receivable	$	887	$	1,213
Allowance for uncollectible receivables	(17)		(18)
Other receivables, net	19		19
Accounts receivable, net	$	889	$	1,214
Notes receivable, net, included within Prepaid expenses and other current assets	$	3	$	6
Long-term notes receivable, net, included within Other long-term assets	$	7	$	12

The allowance for uncollectible receivables, and estimated variable consideration allowed for as sales concessions consists of the following:

(in millions)	2023		2022		2021
Balance at beginning of year	$	18	$	28	$	56
Impact of adoption of new credit loss standard	—		—		4
Provision for losses in Operating expenses	2		2		(9)
Reductions of Net sales	6		1		3
Write-offs charged against the allowance	(9)		(13)		(26)
Balance at end of year	$	17	$	18	$	28