GOODWILL AND INTANGIBLE ASSETS, NET (Tables)

12 Months Ended

Jul. 29, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule 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 31, 2021(1)(2)	$	10	$	10	$	20
Change in foreign exchange rates	—		—		—
Goodwill as of July 30, 2022(1)(2)	10		10		20
Change in foreign exchange rates	—		—		—
Goodwill as of July 29, 2023(1)(2)	$	10	$	10	$	20

(1)    Wholesale amounts are net of accumulated goodwill impairment charges of $717 million for fiscal 2021, 2022 and 2023.

(2)    Other amounts are net of accumulated goodwill impairment charges of $10 million for fiscal 2021, 2022 and 2023.

Schedule of Intangible Assets and Goodwill

Identifiable intangible assets, net consisted of the following:

	2023						2022
(in millions)	Gross Carrying Amount		Accumulated Amortization		Net		Gross Carrying Amount		Accumulated Amortization		Net
Amortizing intangible assets:
Customer relationships	$	1,007	$	354	$	653	$	1,007	$	294	$	713
Pharmacy prescription files	33		22		11		33		18		15
Operating lease intangibles	6		5		1		6		4		2
Trademarks and tradenames	89		57		32		84		51		33
Total amortizing intangible assets	1,135		438		697		1,130		367		763
Indefinite lived intangible assets:
Trademarks and tradenames	25		—		25		56		—		56
Intangibles assets, net	$	1,160	$	438	$	722	$	1,186	$	367	$	819

Schedule of Finite-Lived Intangible Assets 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 July 29, 2023 is as shown below:

Fiscal Year:	(in millions)
2024	$	74
2025	71
2026	67
2027	64
2028	62
Thereafter	359
	$	697