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DERIVATIVES (Tables) | 12 Months Ended
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Jul. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Derivative Instruments | Details of active swap contracts as of July 30, 2022, which are all pay fixed and receive floating, are as follows:
Effective Date | Swap Maturity |  | Notional Value (in millions) |  | Pay Fixed Rate(2) |  | Receive Floating Rate(2) |  | Floating Rate Reset Terms
August 3, 2015(1) | August 15, 2022 |  | $ | 29 |  |  | 1.7950 | % |  | One-Month Term SOFR |  | Monthly
October 26, 2018 | October 31, 2022 |  | 100 |  |  | 2.8170 | % |  | One-Month Term SOFR |  | Monthly
January 11, 2019 | October 31, 2022 |  | 50 |  |  | 2.3770 | % |  | One-Month Term SOFR |  | Monthly
January 23, 2019 | October 31, 2022 |  | 50 |  |  | 2.2740 | % |  | One-Month Term SOFR |  | Monthly
November 16, 2018 | March 31, 2023 |  | 150 |  |  | 2.7770 | % |  | One-Month Term SOFR |  | Monthly
January 23, 2019 | March 31, 2023 |  | 50 |  |  | 2.4245 | % |  | One-Month Term SOFR |  | Monthly
November 30, 2018 | September 30, 2023 |  | 50 |  |  | 2.6980 | % |  | One-Month Term SOFR |  | Monthly
October 26, 2018 | October 31, 2023 |  | 100 |  |  | 2.7880 | % |  | One-Month Term SOFR |  | Monthly
January 11, 2019 | March 28, 2024 |  | 100 |  |  | 2.3600 | % |  | One-Month Term SOFR |  | Monthly
January 23, 2019 | March 28, 2024 |  | 100 |  |  | 2.4250 | % |  | One-Month Term SOFR |  | Monthly
November 30, 2018 | October 31, 2024 |  | 100 |  |  | 2.7385 | % |  | One-Month Term SOFR |  | Monthly
January 11, 2019 | October 31, 2024 |  | 100 |  |  | 2.4025 | % |  | One-Month Term SOFR |  | Monthly
January 24, 2019 | October 31, 2024 |  | 50 |  |  | 2.4090 | % |  | One-Month Term SOFR |  | Monthly
October 26, 2018 | October 22, 2025 |  | 50 |  |  | 2.8725 | % |  | One-Month Term SOFR |  | Monthly
November 16, 2018 | October 22, 2025 |  | 50 |  |  | 2.8750 | % |  | One-Month Term SOFR |  | Monthly
November 16, 2018 | October 22, 2025 |  | 50 |  |  | 2.8380 | % |  | One-Month Term SOFR |  | Monthly
January 24, 2019 | October 22, 2025 |  | 50 |  |  | 2.4750 | % |  | One-Month Term SOFR |  | Monthly
|  |  | $ | 1,229 |  |  |  |  |  |  |
(1)The swap contract has an amortizing notional principal amount which is reduced by $1 million on a quarterly basis. (2)In fiscal 2022, the Company amended the reference rate in all of its outstanding interest rate swap contracts to replace One-Month LIBOR with One-Month Term SOFR and certain credit spread adjustments. The Company did not record any gains or losses upon the conversion of the reference rates in these interest rate swap contracts, and the Company believes these amendments will not have a material impact on its Consolidated Financial Statements.
Schedule of Interest Rate Derivatives | The location and amount of gains or losses recognized in the Consolidated Statements of Operations for interest rate swap contracts for each of the periods, presented on a pre-tax basis, are as follows:
|  | Interest Expense, net
(In millions) |  | 2022 |  | 2021 |  | 2020
Total amounts of expense line items presented in the Consolidated Statements of Operations in which the effects of cash flow hedges are recorded |  | $ | 155 |  |  | $ | 204 |  |  | $ | 192 |
Loss on cash flow hedging relationships: |  |  |  |  |  |
Loss reclassified from comprehensive income into earnings |  | $ | (36) |  |  | $ | (46) |  |  | $ | (25) |
(Loss) gain on interest rate swap contracts not designated as hedging instruments: |  |  |  |  |  |
(Loss) gain recognized in earnings |  | $ | — |  |  | $ | — |  |  | $ | — |

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- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624163-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5580258-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=125515794&loc=d3e41620-113959 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5579245-113959 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -URI https://asc.fasb.org/extlink&oid=125515794&loc=d3e41638-113959 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -URI https://asc.fasb.org/extlink&oid=125515794&loc=d3e41678-113959 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -URI https://asc.fasb.org/extlink&oid=125515794&loc=d3e41641-113959 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5579240-113959 + Details
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