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COMPREHENSIVE INCOME AND ACCUMULATED OTHER COMPREHENSIVE LOSS | 6 Months Ended
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Jan. 29, 2022
Equity [Abstract] |
COMPREHENSIVE INCOME AND ACCUMULATED OTHER COMPREHENSIVE LOSS | NOTE 9—COMPREHENSIVE INCOME AND ACCUMULATED OTHER COMPREHENSIVE LOSS Changes in Accumulated other comprehensive loss by component, net of tax, for fiscal 2022 year-to-date are as follows:
(in millions) | Other Cash Flow Derivatives |  | Benefit Plans |  | Foreign Currency Translation |  | Swap Agreements |  | Total
Accumulated other comprehensive income (loss) at July 31, 2021 | $ | — |  |  | $ | 37 |  |  | $ | (16) |  |  | $ | (60) |  |  | $ | (39) |
Other comprehensive income (loss) before reclassifications | 1 |  |  | — |  |  | (2) |  |  | 13 |  |  | 12 |
Amortization of amounts included in net periodic benefit income | — |  |  | 2 |  |  | — |  |  | — |  |  | 2 |
Amortization of cash flow hedges | 1 |  |  | — |  |  | — |  |  | 15 |  |  | 16 |
Net current period Other comprehensive income (loss) | 2 |  |  | 2 |  |  | (2) |  |  | 28 |  |  | 30 |
Accumulated other comprehensive income (loss) at January 29, 2022 | $ | 2 |  |  | $ | 39 |  |  | $ | (18) |  |  | $ | (32) |  |  | $ | (9) |
Changes in Accumulated other comprehensive loss by component, net of tax, for fiscal 2021 year-to-date are as follows:
(in millions) |  | Benefit Plans |  | Foreign Currency Translation |  | Swap Agreements |  | Total
Accumulated other comprehensive loss at August 1, 2020 |  | $ | (116) |  |  | $ | (21) |  |  | $ | (102) |  |  | $ | (239) |
Other comprehensive income before reclassifications |  | — |  |  | 3 |  |  | 5 |  |  | 8 |
Amortization of amounts included in net periodic benefit income |  | (1) |  |  | — |  |  | — |  |  | (1) |
Amortization of cash flow hedges |  | — |  |  | — |  |  | 17 |  |  | 17 |
Net current period Other comprehensive (loss) income |  | (1) |  |  | 3 |  |  | 22 |  |  | 24 |
Accumulated other comprehensive loss at January 30, 2021 |  | $ | (117) |  |  | $ | (18) |  |  | $ | (80) |  |  | $ | (215) |
Items reclassified out of Accumulated other comprehensive loss had the following impact on the Condensed Consolidated Statements of Operations:
|  | 13-Week Period Ended |  | 26-Week Period Ended |  | Affected Line Item on the Condensed Consolidated Statements of Operations
(in millions) |  | January 29, 2022 |  | January 30, 2021 |  | January 29, 2022 |  | January 30, 2021 |
Pension and postretirement benefit plan net assets: |  |  |  |  |  |  |  |  |  |
Amortization of amounts included in net periodic benefit income(1) |  | $ | 1 |  |  | $ | (1) |  |  | $ | 2 |  |  | $ | (1) |  |  | Net periodic benefit income, excluding service cost
Income tax (benefit) expense |  | — |  |  | — |  |  | — |  |  | — |  |  | Provision for income taxes
Total reclassifications, net of tax |  | $ | 1 |  |  | $ | (1) |  |  | $ | 2 |  |  | $ | (1) |  |  |
Swap agreements: |  |  |  |  |  |  |  |  |  |
Reclassification of cash flow hedges |  | $ | 10 |  |  | $ | 12 |  |  | $ | 21 |  |  | $ | 24 |  |  | Interest expense, net
Income tax benefit |  | (3) |  |  | (4) |  |  | (6) |  |  | (7) |  |  | Provision for income taxes
Total reclassifications, net of tax |  | $ | 7 |  |  | $ | 8 |  |  | $ | 15 |  |  | $ | 17 |  |  |
Other cash flow hedges: |  |  |  |  |  |  |  |  |  |
Reclassification of cash flow hedge |  | $ | 2 |  |  | $ | — |  |  | $ | 2 |  |  | $ | — |  |  | Cost of sales
Income tax benefit |  | (1) |  |  | — |  |  | (1) |  |  | — |  |  | Provision for income taxes
Total reclassification, net of tax |  | $ | 1 |  |  | $ | — |  |  | $ | 1 |  |  | $ | — |  |  |
(1)Reclassification of amounts included in net periodic benefit income include reclassification of prior service cost and reclassification of net actuarial loss as reflected in Note 11—Benefit Plans. As of January 29, 2022, the Company expects to reclassify $24 million related to unrealized derivative losses out of Accumulated other comprehensive loss and primarily into Interest expense, net during the following twelve-month period.

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496171-112644 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496171-112644 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496189-112644 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (g) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496189-112644 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (h) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496171-112644 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496189-112644 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 16 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496180-112644 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (i) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)(1)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 + Details
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