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BUSINESS SEGMENTS (Tables) | 6 Months Ended
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Jan. 29, 2022
Segment Reporting [Abstract] |
Schedule of Business Segment Information | The following table provides continuing operations information by reportable segment, including Net sales, Adjusted EBITDA with a reconciliation to Income from continuing operations before income taxes, depreciation and amortization, and payments for capital expenditures:
|  | 13-Week Period Ended |  | 26-Week Period Ended
(in millions) |  | January 29, 2022 |  | January 30, 2021 |  | January 29, 2022 |  | January 30, 2021
Net sales: |  |  |  |  |  |  |  |
Wholesale(1) |  | $ | 7,132 |  |  | $ | 6,618 |  |  | $ | 13,866 |  |  | $ | 13,056 |
Retail |  | 643 |  |  | 633 |  |  | 1,245 |  |  | 1,239 |
Other |  | 50 |  |  | 55 |  |  | 106 |  |  | 111 |
Eliminations |  | (409) |  |  | (406) |  |  | (804) |  |  | (822) |
Total Net sales |  | $ | 7,416 |  |  | $ | 6,900 |  |  | $ | 14,413 |  |  | $ | 13,584 |
Continuing Operations Adjusted EBITDA: |  |  |  |  |  |  |  |
Wholesale |  | $ | 159 |  |  | $ | 188 |  |  | $ | 323 |  |  | $ | 311 |
Retail |  | 30 |  |  | 26 |  |  | 52 |  |  | 51 |
Other |  | 12 |  |  | (8) |  |  | 16 |  |  | (4) |
Eliminations |  | — |  |  | (2) |  |  | (1) |  |  | 4 |
Adjustments: |  |  |  |  |  |  |  |
Net income attributable to noncontrolling interests |  | 2 |  |  | 2 |  |  | 3 |  |  | 3 |
Net periodic benefit income, excluding service cost |  | 10 |  |  | 17 |  |  | 20 |  |  | 34 |
Interest expense, net |  | (44) |  |  | (51) |  |  | (84) |  |  | (120) |
Other, net |  | 2 |  |  | 2 |  |  | 1 |  |  | 3 |
Depreciation and amortization |  | (69) |  |  | (67) |  |  | (138) |  |  | (144) |
Share-based compensation |  | (12) |  |  | (13) |  |  | (23) |  |  | (27) |
Restructuring, acquisition and integration related expenses |  | (5) |  |  | (18) |  |  | (8) |  |  | (34) |
Loss on sale of assets |  | (1) |  |  | — |  |  | (1) |  |  | — |
Multi-employer pension plan withdrawal benefit |  | 8 |  |  | — |  |  | 8 |  |  | — |
Other retail benefit (expense) |  | 1 |  |  | (1) |  |  | 1 |  |  | (3) |
Income from continuing operations before income taxes |  | $ | 93 |  |  | $ | 75 |  |  | $ | 169 |  |  | $ | 74 |
Depreciation and amortization: |  |  |  |  |  |  |  |
Wholesale |  | $ | 61 |  |  | $ | 59 |  |  | $ | 122 |  |  | $ | 127 |
Retail |  | 8 |  |  | 7 |  |  | 15 |  |  | 14 |
Other |  | — |  |  | 1 |  |  | 1 |  |  | 3 |
Total depreciation and amortization |  | $ | 69 |  |  | $ | 67 |  |  | $ | 138 |  |  | $ | 144 |
Payments for capital expenditures: |  |  |  |  |  |  |  |
Wholesale |  | $ | 46 |  |  | $ | 46 |  |  | $ | 98 |  |  | $ | 84 |
Retail |  | 4 |  |  | 5 |  |  | 8 |  |  | 8 |
Total capital expenditures |  | $ | 50 |  |  | $ | 51 |  |  | $ | 106 |  |  | $ | 92 |
(1)As presented in Note 3—Revenue Recognition, for the second quarters of fiscal 2022 and 2021, the Company recorded $356 million and $354 million, respectively, and $695 million and $719 million in fiscal 2022 and 2021 year-to-date, respectively, within Net sales in its Wholesale reportable segment attributable to Wholesale sales to its Retail segment that have been eliminated upon consolidation. Total assets of continuing operations by reportable segment were as follows:
(in millions) |  | January 29, 2022 |  | July 31, 2021
Assets: |  |  |  |
Wholesale |  | $ | 6,851 |  |  | $ | 6,536 |
Retail |  | 597 |  |  | 566 |
Other |  | 397 |  |  | 462 |
Eliminations |  | (44) |  |  | (43) |
Total assets of continuing operations |  | $ | 7,801 |  |  | $ | 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 + Details
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