SHARE-BASED AWARDS (Tables)

12 Months Ended

Jul. 29, 2023

Share-Based Payment Arrangement [Abstract]

Schedule of Share-based Compensation Arrangements by Share-based Payment Award

The following table presents information regarding share-based compensation expenses and the related tax impacts:

(in millions)	2023		2022		2021
Restricted stock awards	$	35	$	36	$	36
Supervalu replacement awards(1)	—		—		5
Performance-based share awards	3		7		8
Share-based compensation expense recorded in Operating expenses	38		43		49
Income tax benefit	(10)		(12)		(13)
Share-based compensation expense, net of tax	$	28	$	31	$	36
Share-based compensation expense recorded in Restructuring, acquisition and integration related expenses(2)	$	—	$	1	$	1
Income tax benefit	—		—		—
Share-based compensation expense recorded in Restructuring, acquisition and integration related expenses, net of tax	$	—	$	1	$	1

(1)Amounts are derived primarily from liability classified awards.

(2)Includes equity classified awards of $1 million for fiscal 2022 and fiscal 2021, respectively.

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity

The fair value of restricted stock units and performance share units are determined based on the number of units granted and the quoted price of the Company’s common stock as of the grant date. The following summary presents information regarding restricted stock units, Supervalu Replacement Awards and performance share units:

	Number of Shares (in millions)	Weighted Average Grant-Date Fair Value
Outstanding at August 1, 2020	7.4	$	18.54
Granted	2.4	17.55
Vested	(2.6)	19.94
Forfeited/Canceled	(0.4)	24.11
Outstanding at July 31, 2021	6.8	17.33
Granted	1.2	45.46
Vested	(2.8)	42.06
Forfeited/Canceled	(0.3)	37.68
Outstanding at July 30, 2022	4.9	20.02
Granted	1.7	35.01
Vested	(3.1)	35.48
Forfeited/Canceled	(0.3)	21.55
Outstanding at July 29, 2023	3.2	$	32.11

(in millions)	2023		2022		2021
Intrinsic value of restricted stock units vested	$	113	$	125	$	51

Schedule of Share-based Compensation, Stock Options, Activity

The following summary presents information regarding outstanding stock options as of July 29, 2023 and changes during the fiscal year then ended:

	Number of Options (in millions)	Weighted Average Exercise Price		Weighted Average Remaining Contractual Term	Aggregate Intrinsic Value
Outstanding at beginning of year	0.5	$	54.11	1.6 years
Exercised	—	37.02
Canceled	(0.2)	52.08
Outstanding at end of year	0.3	—		1.1 years	$	—
Exercisable at end of year	0.3	$	55.46	1.1 years	$	—