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BUSINESS SEGMENTS (Tables) | 12 Months Ended
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Jul. 30, 2022
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) |  | 2022 |  | 2021 |  | 2020
Net sales: |  |  |  |  |  |
Wholesale(1) |  | $ | 27,824 |  |  | $ | 25,873 |  |  | $ | 25,525 |
Retail |  | 2,468 |  |  | 2,442 |  |  | 2,375 |
Other |  | 219 |  |  | 219 |  |  | 228 |
Eliminations |  | (1,583) |  |  | (1,584) |  |  | (1,569) |
Total Net sales |  | $ | 28,928 |  |  | $ | 26,950 |  |  | $ | 26,559 |
Continuing operations Adjusted EBITDA: |  |  |  |  |  |
Wholesale |  | $ | 696 |  |  | $ | 677 |  |  | $ | 610 |
Retail |  | 98 |  |  | 98 |  |  | 89 |
Other |  | 44 |  |  | (10) |  |  | (16) |
Eliminations |  | (9) |  |  | 1 |  |  | (2) |
Adjustments: |  |  |  |  |  |
Net income attributable to noncontrolling interests |  | 6 |  |  | 6 |  |  | 5 |
Net periodic benefit income, excluding service cost |  | 40 |  |  | 85 |  |  | 39 |
Interest expense, net |  | (155) |  |  | (204) |  |  | (192) |
Other, net |  | 2 |  |  | 8 |  |  | 4 |
Depreciation and amortization |  | (285) |  |  | (285) |  |  | (282) |
Share-based compensation(2) |  | (43) |  |  | (49) |  |  | (34) |
LIFO charge(3) |  | (158) |  |  | (24) |  |  | (18) |
Restructuring, acquisition, and integration related expenses |  | (21) |  |  | (56) |  |  | (87) |
Goodwill impairment charges |  | — |  |  | — |  |  | (425) |
Gain (loss) on sale of assets |  | 87 |  |  | 4 |  |  | (18) |
Multi-employer pension plan withdrawal benefit (charges) |  | 8 |  |  | (63) |  |  | — |
Note receivable charges |  | — |  |  | — |  |  | (13) |
Legal settlement income |  | — |  |  | — |  |  | (1) |
Other retail expense |  | — |  |  | (5) |  |  | (1) |
Income (loss) from continuing operations before income taxes |  | $ | 310 |  |  | $ | 183 |  |  | $ | (342) |
Depreciation and amortization: |  |  |  |  |  |
Wholesale |  | $ | 254 |  |  | $ | 252 |  |  | $ | 267 |
Retail |  | 29 |  |  | 29 |  |  | 4 |
Other |  | 2 |  |  | 4 |  |  | 11 |
Total depreciation and amortization |  | $ | 285 |  |  | $ | 285 |  |  | $ | 282 |
Payments for capital expenditures: |  |  |  |  |  |
Wholesale |  | $ | 224 |  |  | $ | 285 |  |  | $ | 160 |
Retail |  | 27 |  |  | 25 |  |  | 12 |
Other |  | — |  |  | — |  |  | 1 |
Total capital expenditures |  | $ | 251 |  |  | $ | 310 |  |  | $ | 173 |
(1)For fiscal 2022, 2021 and 2020, the Company recorded $1,358 million, $1,381 million and $1,348 million, respectively, within Net sales in its Wholesale reportable segment attributable to Wholesale sales to its Retail segment that have been eliminated upon consolidation. (2)Includes an immaterial amount of liability-settled share compensation expense. (3)As a result of the segment profit measurement revision discussed above, previously reported Adjusted EBITDA disclosures by segment and the reconciliation to Income from continuing operations before income taxes has been recast to exclude the impact of the non-cash LIFO charge.
Reconciliation of Assets from Segment to Consolidated | Total assets of continuing operations by reportable segment were as follows:
(in millions) |  | July 30, 2022 |  | July 31, 2021
Assets: |  |  |  |
Wholesale |  | $ | 6,733 |  |  | $ | 6,536 |
Retail |  | 599 |  |  | 566 |
Other |  | 335 |  |  | 462 |
Eliminations |  | (39) |  |  | (43) |
Total assets |  | $ | 7,628 |  |  | $ | 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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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