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BUSINESS SEGMENTS (Tables)

3 Months Ended

Oct. 30, 2021

Segment Reporting [Abstract]

Schedule of Business Segment Information

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:

						13-Week Period Ended
(in millions)						October 30, 2021						October 31, 2020
Net sales:
Wholesale(1)						$	6,734					$	6,438
Retail						602						606
Other						56						56
Eliminations						(395)						(416)
Total Net sales						$	6,997					$	6,684
Continuing Operations Adjusted EBITDA:
Wholesale						$	164					$	123
Retail						22						25
Other						4						4
Eliminations						(1)						6
Adjustments:
Net income attributable to noncontrolling interests						1						1
Net periodic benefit income, excluding service cost						10						17
Interest expense, net						(40)						(69)
Other, net						(1)						1
Depreciation and amortization						(69)						(77)
Share-based compensation						(11)						(14)
Restructuring, acquisition and integration related expenses						(3)						(16)
Other retail expense						—						(2)
Income (loss) from continuing operations before income taxes						$	76					$	(1)
Depreciation and amortization:
Wholesale						$	61					$	68
Retail						7						7
Other						1						2
Total depreciation and amortization						$	69					$	77
Payments for capital expenditures:
Wholesale						$	52					$	38
Retail						4						3
Other						—						—
Total capital expenditures						$	56					$	41

(1)As presented in Note 3—Revenue Recognition, for the first quarters of fiscal 2022 and 2021, the Company recorded $339 million and $365 million, respectively, within Net sales in its Wholesale reportable segment attributable to Wholesale sales to its Retail segment that have been eliminated upon consolidation. Refer to Note 3—Revenue Recognition for additional information regarding Wholesale sales to discontinued operations.

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

(in millions)						October 30, 2021						July 31, 2021
Assets:
Wholesale						$	7,006					$	6,536
Retail						589						566
Other						451						462
Eliminations						(47)						(43)
Total assets of continuing operations						$	7,999					$	7,521

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- Definition

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599

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- References

No definition available.

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