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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Millions
Apr. 30, 2022
Jul. 31, 2021
ASSETS    
Cash and cash equivalents $ 48 $ 41
Accounts receivable, net 1,228 1,103
Inventories, net 2,559 2,247
Prepaid expenses and other current assets 145 157
Current assets of discontinued operations 0 2
Total current assets 3,980 3,550
Property and equipment, net 1,638 1,784
Operating lease assets 1,192 1,064
Goodwill 20 20
Intangible assets, net 837 891
Deferred income taxes 31 57
Other long-term assets 180 157
Long-term assets of discontinued operations 0 2
Total assets 7,878 7,525
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Accounts payable 1,715 1,644
Accrued expenses and other current liabilities 251 341
Accrued compensation and benefits 244 243
Current portion of operating lease liabilities 153 135
Current portion of long-term debt and finance lease liabilities 26 120
Current liabilities of discontinued operations 0 4
Total current liabilities 2,389 2,487
Long-term debt 2,377 2,175
Long-term operating lease liabilities 1,084 962
Long-term finance lease liabilities 27 35
Pension and other postretirement benefit obligations 20 53
Other long-term liabilities 197 299
Total liabilities 6,094 6,011
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.01 par value, authorized 5.0 shares; none issued or outstanding 0 0
Common stock 1 1
Additional paid-in capital 599 599
Treasury stock at cost (24) (24)
Accumulated other comprehensive income (loss) 22 (39)
Retained earnings 1,187 978
Total United Natural Foods, Inc. stockholders’ equity 1,785 1,515
Noncontrolling interests (1) (1)
Total stockholders’ equity 1,784 1,514
Total liabilities and stockholders’ equity $ 7,878 $ 7,525