GOODWILL AND INTANGIBLE ASSETS, NET (Tables)

12 Months Ended

Jul. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

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 August 3, 2019(1)(2)	$	432	$	10	$	442
Goodwill from current fiscal year business combinations	1		—		1
Impairment charge	(424)		—		(424)
Change in foreign exchange rates	1		—		1
Goodwill as of August 1, 2020(1)(2)	10		10		20
Change in foreign exchange rates	—		—		—
Goodwill as of July 31, 2021(1)(2)	$	10	$	10	$	20

(1) Wholesale amounts are net of accumulated goodwill impairment charges of $293 million, $717 million and $717 million for fiscal 2019, 2020 and 2021, respectively.

(2) Other amounts are net of accumulated goodwill impairment charges of $9 million, $10 million and $10 million for fiscal 2019, 2020 and 2021, respectively.

Schedule of Intangible Assets and Goodwill

Identifiable intangible assets, net consisted of the following:


	2021						2020
(in millions)	Gross Carrying Amount		Accumulated Amortization		Net		Gross Carrying Amount		Accumulated Amortization		Net
Amortizing intangible assets:
Customer relationships	$	1,007	$	234	$	773	$	1,007	$	173	$	834
Pharmacy prescription files	33		13		20		33		8		25
Non-compete agreements	—		—		—		13		12		1
Operating lease intangibles	7		4		3		8		4		4
Trademarks and tradenames	84		45		39		84		34		50
Total amortizing intangible assets	1,131		296		835		1,145		231		914
Indefinite lived intangible assets:
Trademarks and tradenames	56		—		56		56		—		56
Intangibles assets, net	$	1,187	$	296	$	891	$	1,201	$	231	$	970

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 definite lived intangible assets existing as of July 31, 2021 is shown below:


Fiscal Year:	(In millions)
2022	$	72
2023	72
2024	72
2025	70
2026	66
Thereafter	483
	$	835