XML 50 R30.htm IDEA: XBRL DOCUMENT v3.22.2.2

REVENUE RECOGNITION (Tables)

12 Months Ended

Jul. 30, 2022

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

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.

(in millions)						Net Sales for Fiscal 2022
Customer Channel						Wholesale						Retail						Other						Eliminations(1)						Consolidated
Chains						$	12,562					$	—					$	—					$	—					$	12,562
Independent retailers						7,360						—						—						—						7,360
Supernatural						5,719						—						—						—						5,719
Retail						—						2,468						—						—						2,468
Other						2,183						—						219						—						2,402
Eliminations						—						—						—						(1,583)						(1,583)
Total						$	27,824					$	2,468					$	219					$	(1,583)					$	28,928

(in millions)						Net Sales for Fiscal 2021
Customer Channel						Wholesale						Retail						Other						Eliminations(1)						Consolidated
Chains						$	12,104					$	—					$	—					$	—					$	12,104
Independent retailers						6,638						—						—						—						6,638
Supernatural						5,050						—						—						—						5,050
Retail						—						2,442						—						—						2,442
Other						2,081						—						219						—						2,300
Eliminations						—						—						—						(1,584)						(1,584)
Total						$	25,873					$	2,442					$	219					$	(1,584)					$	26,950

(in millions)						Net Sales for Fiscal 2020
Customer Channel						Wholesale						Retail						Other						Eliminations(1)						Consolidated
Chains						$	12,010					$	—					$	—					$	—					$	12,010
Independent retailers						6,699						—						—						—						6,699
Supernatural						4,720						—						—						—						4,720
Retail						—						2,375						—						—						2,375
Other						2,096						—						228						—						2,324
Eliminations						—						—						—						(1,569)						(1,569)
Total						$	25,525					$	2,375					$	228					$	(1,569)					$	26,559

(1)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.

Schedule of Accounts, Notes and Allowance for Uncollectible Receivables

Accounts and notes receivable are as follows:

(in millions)			July 30, 2022						July 31, 2021
Customer accounts receivable			$	1,213					$	1,115
Allowance for uncollectible receivables			(18)						(28)
Other receivables, net			19						16
Accounts receivable, net			$	1,214					$	1,103
Notes receivable, net, included within Prepaid expenses and other current assets			$	6					$	7
Long-term notes receivable, net, included within Other long-term assets			$	12					$	15

The allowance for uncollectible receivables, and estimated variable consideration allowed for as sales concessions consists of the following:

(in millions)						2022						2021						2020
Balance at beginning of year						$	28					$	56					$	21
Impact of adoption of new credit loss standard						—						4						—
Provision for losses in Operating expenses						2						(9)						38
Reductions of Net sales						1						3						12
Write-offs charged against the allowance						(13)						(26)						(15)
Balance at end of year						$	18					$	28					$	56

X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045

+ Details

Name:	us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.3,4)
-URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

+ Details

Name:	us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration