BUSINESS SEGMENTS (Tables)

12 Months Ended

Jul. 29, 2023

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The following table provides information by reportable segment, including continuing operations Net sales, Adjusted EBITDA, with a reconciliation to Income from continuing operations before income taxes, depreciation and amortization, and payments for capital expenditures:

(in millions)	2023		2022		2021
Net sales:
Wholesale(1)	$	29,142	$	27,824	$	25,873
Retail	2,480		2,468		2,442
Other	224		219		219
Eliminations	(1,574)		(1,583)		(1,584)
Total Net sales	$	30,272	$	28,928	$	26,950
Continuing operations Adjusted EBITDA:
Wholesale	$	540	$	696	$	677
Retail	70		98		98
Other	31		44		(10)
Eliminations	(1)		(9)		1
Adjustments:
Net income attributable to noncontrolling interests	6		6		6
Net periodic benefit income, excluding service cost	29		40		85
Interest expense, net	(144)		(155)		(204)
Other income, net	2		2		8
Depreciation and amortization	(304)		(285)		(285)
Share-based compensation(2)	(38)		(43)		(49)
LIFO charge	(119)		(158)		(24)
Restructuring, acquisition, and integration related expenses	(8)		(21)		(56)
(Loss) gain on sale of assets and other asset charges	(30)		87		4
Multi-employer pension plan withdrawal (charges) benefit	(1)		8		(63)
Other retail expense	(1)		—		(5)
Business transformation costs	(25)		—		—
Income from continuing operations before income taxes	$	7	$	310	$	183
Depreciation and amortization:
Wholesale	$	263	$	254	$	252
Retail	36		29		29
Other	5		2		4
Total depreciation and amortization	$	304	$	285	$	285
Payments for capital expenditures:
Wholesale	$	290	$	224	$	285
Retail	33		27		25
Total capital expenditures	$	323	$	251	$	310

(1)For fiscal 2023, 2022 and 2021, as presented in Note 3—Revenue Recognition, the Company recorded $1,331 million, $1,358 million and $1,381 million, respectively, within Net sales in its Wholesale reportable segment attributable to Wholesale to Retail sales that have been eliminated upon consolidation.

(2)Fiscal 2022 and 2021 include an immaterial amount of liability-settled share compensation expense.

Reconciliation of Assets from Segment to Consolidated

Total assets by reportable segment were as follows:

(in millions)	July 29, 2023		July 30, 2022
Assets:
Wholesale	$	6,405	$	6,733
Retail	648		599
Other	377		335
Eliminations	(36)		(39)
Total assets	$	7,394	$	7,628