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REVENUE RECOGNITION | 6 Months Ended
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Jan. 30, 2021
Revenue from Contract with Customer [Abstract] |
REVENUE RECOGNITION | NOTE 3—REVENUE RECOGNITION Disaggregation of Revenues The Company records revenue to five customer channels within Net sales, which are described below: •Chains, which consists of customer accounts that typically have more than 10 operating stores and exclude stores included within the Supernatural and Other channels defined below; •Independent retailers, which include smaller size accounts and include single store and multiple store locations, but are not classified within Chains above or Other discussed below; •Supernatural, which consists of chain accounts that are national in scope and carry primarily natural products, and currently consists solely of Whole Foods Market; •Retail, which reflects our Retail segment, including the Cub Foods business and the remaining Shoppers locations, excluding Shoppers locations that are held for sale within discontinued operations; and •Other, which includes international customers outside of Canada, foodservice, eCommerce, conventional military business and other sales. 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.
|  | Net Sales for the 13-Week Period Ended
(in millions) |  | January 30, 2021
Customer Channel |  | Wholesale |  | Retail |  | Other |  | Eliminations(2) |  | Consolidated
Chains |  | $ | 3,097 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 3,097 |
Independent retailers |  | 1,701 |  |  | — |  |  | — |  |  | — |  |  | 1,701 |
Supernatural |  | 1,298 |  |  | — |  |  | — |  |  | — |  |  | 1,298 |
Retail |  | — |  |  | 621 |  |  | — |  |  | — |  |  | 621 |
Other |  | 513 |  |  | — |  |  | 55 |  |  | — |  |  | 568 |
Eliminations |  | — |  |  | — |  |  | — |  |  | (397) |  |  | (397) |
Total |  | $ | 6,609 |  |  | $ | 621 |  |  | $ | 55 |  |  | $ | (397) |  |  | $ | 6,888 |
|  | Net Sales for the 13-Week Period Ended
(in millions) |  | February 1, 2020(1)
Customer Channel |  | Wholesale |  | Retail |  | Other |  | Eliminations(2) |  | Consolidated
Chains |  | $ | 2,909 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 2,909 |
Independent retailers |  | 1,561 |  |  | — |  |  | — |  |  | — |  |  | 1,561 |
Supernatural |  | 1,211 |  |  | — |  |  | — |  |  | — |  |  | 1,211 |
Retail |  | — |  |  | 539 |  |  | — |  |  | — |  |  | 539 |
Other |  | 525 |  |  | — |  |  | 41 |  |  | — |  |  | 566 |
Eliminations |  | — |  |  | — |  |  | — |  |  | (355) |  |  | (355) |
Total |  | $ | 6,206 |  |  | $ | 539 |  |  | $ | 41 |  |  | $ | (355) |  |  | $ | 6,431 |
|  | Net Sales for the 26-Week Period Ended
(in millions) |  | January 30, 2021
Customer Channel |  | Wholesale |  | Retail |  | Other |  | Eliminations(2) |  | Consolidated
Chains |  | $ | 6,117 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 6,117 |
Independent retailers |  | 3,373 |  |  | — |  |  | — |  |  | — |  |  | 3,373 |
Supernatural |  | 2,512 |  |  | — |  |  | — |  |  | — |  |  | 2,512 |
Retail |  | — |  |  | 1,216 |  |  | — |  |  | — |  |  | 1,216 |
Other |  | 1,038 |  |  | — |  |  | 111 |  |  | — |  |  | 1,149 |
Eliminations |  | — |  |  | — |  |  | — |  |  | (806) |  |  | (806) |
Total |  | $ | 13,040 |  |  | $ | 1,216 |  |  | $ | 111 |  |  | $ | (806) |  |  | $ | 13,561 |
|  | Net Sales for the 26-Week Period Ended
(in millions) |  | February 1, 2020(1)
Customer Channel |  | Wholesale |  | Retail |  | Other |  | Eliminations(2) |  | Consolidated
Chains |  | $ | 5,784 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 5,784 |
Independent retailers |  | 3,118 |  |  | — |  |  | — |  |  | — |  |  | 3,118 |
Supernatural |  | 2,322 |  |  | — |  |  | — |  |  | — |  |  | 2,322 |
Retail |  | — |  |  | 1,054 |  |  | — |  |  | — |  |  | 1,054 |
Other |  | 1,050 |  |  | — |  |  | 106 |  |  | — |  |  | 1,156 |
Eliminations |  | — |  |  | — |  |  | — |  |  | (706) |  |  | (706) |
Total |  | $ | 12,274 |  |  | $ | 1,054 |  |  | $ | 106 |  |  | $ | (706) |  |  | $ | 12,728 |
(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 Condensed Consolidated Statements of Operations. The Company believes this modified basis better reflects its channel presentation, as it further aligns with segment presentation and how sales channel information would appear following the potential disposition of Retail, assuming all banners retain a supply agreement. In addition, during the fourth quarter of fiscal 2020, the presentation of net sales by customer channel was recast to be presented on a basis consistent with customer size. International customers other than Canada, and alternative format sales continue to be classified within Other. The main effect of the change was to re-categorize the former Supermarkets and Independents channels, previously classified by the majority of product carried by those customers between conventional and natural products, respectively, to classify those stores by the number of customer locations we supply. There was no impact to the Condensed Consolidated Statements of Operations as a result of the reclassification of customer types. The Company believes this modified basis better reflects the nature and economic risks of cash flows from customers. (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. The Company serves customers in the United States and Canada, as well as customers located in other countries. However, all of the Company’s revenue is earned in the U.S. and Canada, and international distribution occurs through freight-forwarders. The Company does not have any performance obligations on international shipments subsequent to delivery to the domestic port. No net sales were recorded within continuing operations for retail stores within discontinued operations that the Company disposed of and expects to dispose of without a supply agreement. These net sales have been eliminated upon consolidation within the Wholesale segment of continuing operations and amounted to $13.4 million and $36.1 million in the second quarters of fiscal 2021 and 2020, respectively, and $27.8 million and $92.1 million in fiscal 2021 and 2020 year-to-date, respectively. Accounts and Notes Receivable Balances Accounts and notes receivable are as follows:
(in thousands) |  | January 30, 2021 |  | August 1, 2020
Customer accounts receivable |  | $ | 1,176,126 |  |  | $ | 1,156,694 |
Allowance for uncollectible receivables |  | (56,356) |  |  | (55,928) |
Other receivables, net |  | 16,365 |  |  | 19,433 |
Accounts receivable, net |  | $ | 1,136,135 |  |  | $ | 1,120,199 |
Notes receivable, net, included within Prepaid expenses and other current assets |  | $ | 13,023 |  |  | $ | 49,268 |
Long-term notes receivable, net, included within Other assets |  | $ | 19,101 |  |  | $ | 25,800 |

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130556-203045 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130550-203045 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130558-203045 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 + Details
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