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REVENUE RECOGNITION (Tables) | 12 Months Ended
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Jul. 31, 2021
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 2021 (52 weeks)
Customer Channel |  | Wholesale |  | Retail |  | Other |  | Eliminations(2) |  | 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 |
(in millions) |  | Net Sales for Fiscal 2020(1) (52 weeks)
Customer Channel |  | Wholesale |  | Retail |  | Other |  | Eliminations(2) |  | Consolidated
Chains |  | $ | 12,010 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 12,010 |
Independent retailers |  | 6,699 |  |  | — |  |  | — |  |  | — |  |  | 6,699 |
Supernatural |  | 4,720 |  |  | — |  |  | — |  |  | — |  |  | 4,720 |
Retail |  | — |  |  | 2,375 |  |  | — |  |  | — |  |  | 2,375 |
Other |  | 2,096 |  |  | — |  |  | 228 |  |  | — |  |  | 2,324 |
Eliminations |  | — |  |  | — |  |  | — |  |  | (1,569) |  |  | (1,569) |
Total |  | $ | 25,525 |  |  | $ | 2,375 |  |  | $ | 228 |  |  | $ | (1,569) |  |  | $ | 26,559 |
(in millions) |  | Net Sales for Fiscal 2019(1) (53 weeks)
Customer Channel |  | Wholesale |  | Retail |  | Other |  | Eliminations(2) |  | Consolidated
Chains |  | $ | 9,769 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 9,769 |
Independent retailers |  | 5,536 |  |  | — |  |  | — |  |  | — |  |  | 5,536 |
Supernatural |  | 4,394 |  |  | — |  |  | — |  |  | — |  |  | 4,394 |
Retail |  | — |  |  | 1,687 |  |  | — |  |  | — |  |  | 1,687 |
Other |  | 1,852 |  |  | — |  |  | 235 |  |  | — |  |  | 2,087 |
Eliminations |  | — |  |  | — |  |  | — |  |  | (1,132) |  |  | (1,132) |
Total |  | $ | 21,551 |  |  | $ | 1,687 |  |  | $ | 235 |  |  | $ | (1,132) |  |  | $ | 22,341 |
(1)In the first quarter of fiscal 2021, the presentation of net sales by customer channel was recast to present the Chains and Other channel exclusive of the intercompany eliminations and present total eliminations separately. There was no impact to the Consolidated Statements of Operations. The Company believes this modified basis better reflects its channel presentation, as it further aligns with segment presentation. (2)Eliminations primarily includes the net sales elimination of Wholesale’s sales to the Retail segment 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 31, 2021 |  | August 1, 2020
Customer accounts receivable | $ | 1,115 |  |  | $ | 1,157 |
Allowance for uncollectible receivables | (28) |  |  | (56) |
Other receivables, net | 16 |  |  | 19 |
Accounts receivable, net | $ | 1,103 |  |  | $ | 1,120 |
Notes receivable, net, included within Prepaid expenses and other current assets | $ | 7 |  |  | $ | 49 |
Long-term notes receivable, net, included within Other long-term assets | $ | 15 |  |  | $ | 26 |
The allowance for uncollectible receivables, and estimated variable consideration allowed for as sales concessions consists of the following:
(in millions) |  | 2021 |  | 2020 |  | 2019
Balance at beginning of year |  | $ | 56 |  |  | $ | 21 |  |  | $ | 16 |
Impact of adoption of new credit loss standard |  | 4 |  |  | — |  |  | — |
Provision for losses in Operating expenses |  | (9) |  |  | 38 |  |  | 10 |
Reductions of Net sales |  | 3 |  |  | 12 |  |  | 7 |
Write-offs charged against the allowance |  | (26) |  |  | (15) |  |  | (12) |
Balance at end of year |  | $ | 28 |  |  | $ | 56 |  |  | $ | 21 |

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