XML 45 R28.htm IDEA: XBRL DOCUMENT v3.21.2
FAIR VALUE MEASUREMENTS OF FINANCIAL INSTRUMENTS (Tables)
 3 Months Ended
Oct. 30, 2021
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The following tables provide the fair value hierarchy for financial assets and liabilities measured on a recurring basis:
Condensed Consolidated Balance Sheets LocationFair Value at October 30, 2021
(in millions)Level 1Level 2Level 3
Assets:
Fuel derivatives designated as hedging instrumentsPrepaid expenses and other current assets$— $1 $— 
Mutual fundsOther long-term assets$1 $— $— 
Liabilities:
Foreign currency derivatives designated as hedging instrumentsAccrued expenses and other current liabilities$— $1 $— 
Interest rate swaps designated as hedging instrumentsAccrued expenses and other current liabilities$— $28 $— 
Interest rate swaps designated as hedging instrumentsOther long-term liabilities$— $28 $— 

Condensed Consolidated Balance Sheets LocationFair Value at July 31, 2021
(in millions)Level 1Level 2Level 3
Assets:
Fuel derivatives designated as hedging instrumentsPrepaid expenses and other current assets$— $1 $— 
Mutual fundsOther long-term assets$2 $— $— 
Liabilities:
Foreign currency derivatives designated as hedging instrumentsAccrued expenses and other current liabilities$— $1 $— 
Interest rate swaps designated as hedging instrumentsAccrued expenses and other current liabilities$— $33 $— 
Interest rate swaps designated as hedging instrumentsOther long-term liabilities$— $42 $— 
Fair Value, By Balance Sheet Grouping In the table below, the carrying value of the Company’s long-term debt is net of original issue discounts and debt issuance costs.
 October 30, 2021July 31, 2021
(in millions)Carrying ValueFair ValueCarrying ValueFair Value
Notes receivable, including current portion$27 $24 $29 $26 
Long-term debt, including current portion$2,390 $2,480 $2,188 $2,278