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COMPREHENSIVE INCOME AND ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables) | 6 Months Ended
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Jan. 29, 2022
Equity [Abstract] |
Schedule of Accumulated Other Comprehensive Income (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) |
Reclassification Out of Accumulated Other Comprehensive Income | 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.

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