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BUSINESS SEGMENTS (Tables)

12 Months Ended

Jul. 31, 2021

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The following table provides continuing operations net sales and Adjusted EBITDA by reportable segment and reconciles that information to Income (loss) from continuing operations before income taxes:

(in millions)						2021						2020						2019
Net sales:
Wholesale(1)						$	25,873					$	25,525					$	21,551
Retail						2,442						2,375						1,687
Other						219						228						235
Eliminations						(1,584)						(1,569)						(1,132)
Total Net sales						$	26,950					$	26,559					$	22,341
Continuing operations Adjusted EBITDA:
Wholesale						$	654					$	593					$	465
Retail						96						88						35
Other						(9)						(16)						42
Eliminations						1						(2)						(1)
Adjustments:
Net income attributable to noncontrolling interests						6						5						—
Net periodic benefit income, excluding service cost						85						39						35
Interest expense, net						(204)						(192)						(181)
Other, net						8						4						1
Depreciation and amortization						(285)						(282)						(248)
Share-based compensation						(49)						(34)						(40)
Restructuring, acquisition, and integration related expenses						(56)						(87)						(148)
Goodwill impairment charges						—						(425)						(293)
Gain (loss) on sale of assets						4						(18)						1
Multi-employer pension plan withdrawal charges						(63)						—						—
Note receivable charges						—						(13)						—
Inventory fair value adjustment						—						—						(10)
Legal (settlement income) reserve charge						—						(1)						1
Other retail expense						(5)						(1)						—
Income (loss) from continuing operations before income taxes						$	183					$	(342)					$	(341)
Depreciation and amortization:
Wholesale						$	252					$	267					$	228
Retail						29						4						7
Other						4						11						13
Total depreciation and amortization						$	285					$	282					$	248
Payments for capital expenditures:
Wholesale						$	285					$	160					$	207
Retail						25						12						21
Other						—						1						—
Total capital expenditures						$	310					$	173					$	228

(1)As presented in Note 3—Revenue Recognition, for fiscal 2021, 2020 and 2019, the Company recorded $1,381 million, $1,348 million and $958 million, respectively, within Net sales in its Wholesale reportable segment attributable to Wholesale sales to its Retail segment that have been eliminated upon consolidation. For fiscal 2021, 2020 and 2019, the Company recorded $0 million, $0 million, and $12 million, respectively, within Net sales in its Wholesale reportable segment attributable to discontinued operations inter-company product purchases for certain retail banners it sold with a supply agreement. Refer to Note 3—Revenue Recognition for additional information regarding Wholesale sales to discontinued operations.

Reconciliation of Assets from Segment to Consolidated

Total assets of continuing operations by reportable segment were as follows:

(in millions)						July 31, 2021						August 1, 2020
Assets:
Wholesale						$	6,536					$	6,589
Retail						566						548
Other						462						498
Eliminations						(43)						(55)
Total assets of continuing operations						$	7,521					$	7,580

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- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets.

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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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