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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Millions
Oct. 28, 2023
Jul. 29, 2023
ASSETS    
Cash and cash equivalents $ 37 $ 37
Accounts receivable, net 1,013 889
Inventories, net 2,648 2,292
Prepaid expenses and other current assets 259 245
Total current assets 3,957 3,463
Property and equipment, net 1,744 1,767
Operating lease assets 1,218 1,228
Goodwill 19 20
Intangible assets, net 703 722
Deferred income taxes 32 32
Other long-term assets 175 162
Total assets 7,848 7,394
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Accounts payable 1,934 1,781
Accrued expenses and other current liabilities 277 283
Accrued compensation and benefits 169 143
Current portion of operating lease liabilities 181 180
Current portion of long-term debt and finance lease liabilities 16 18
Total current liabilities 2,577 2,405
Long-term debt 2,296 1,956
Long-term operating lease liabilities 1,090 1,099
Long-term finance lease liabilities 10 12
Pension and other postretirement benefit obligations 16 16
Other long-term liabilities 160 162
Total liabilities 6,149 5,650
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.01 par value, authorized 5.0 shares; none issued or outstanding 0 0
Common stock, $0.01 par value, authorized 100.0 shares; 61.9 shares issued and 59.4 shares outstanding at October 28, 2023; 61.0 shares issued and 58.5 shares outstanding at July 29, 2023 1 1
Additional paid-in capital 606 606
Treasury stock at cost (86) (86)
Accumulated other comprehensive loss (33) (28)
Retained earnings 1,211 1,250
Total United Natural Foods, Inc. stockholders’ equity 1,699 1,743
Noncontrolling interests 0 1
Total stockholders’ equity 1,699 1,744
Total liabilities and stockholders’ equity $ 7,848 $ 7,394