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COMPREHENSIVE INCOME AND ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables) | 3 Months Ended
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Oct. 29, 2022
Equity [Abstract] |
Schedule of Accumulated Other Comprehensive Income (Loss) | Changes in Accumulated other comprehensive loss by component, net of tax, for the first quarter of fiscal 2023 were as follows:
(in millions) | Other Cash Flow Derivatives |  | Benefit Plans |  | Foreign Currency Translation |  | Swap Agreements |  | Total
Accumulated other comprehensive income (loss) at July 30, 2022 | $ | 2 |  |  | $ | (3) |  |  | $ | (19) |  |  | $ | — |  |  | $ | (20) |
Other comprehensive (loss) income before reclassifications | (1) |  |  | — |  |  | (3) |  |  | 18 |  |  | 14 |
Amortization of cash flow hedges | 1 |  |  | — |  |  | — |  |  | — |  |  | 1 |
Net current period Other comprehensive (loss) income | — |  |  | — |  |  | (3) |  |  | 18 |  |  | 15 |
Accumulated other comprehensive income (loss) at October 29, 2022 | $ | 2 |  |  | $ | (3) |  |  | $ | (22) |  |  | $ | 18 |  |  | $ | (5) |
Changes in Accumulated other comprehensive loss by component, net of tax, for the first quarter of fiscal 2022 were 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 before reclassifications |  | 1 |  |  | — |  |  | — |  |  | 5 |  |  | 6 |
Amortization of amounts included in net periodic benefit income |  | — |  |  | 1 |  |  | — |  |  | — |  |  | 1 |
Amortization of cash flow hedges |  | — |  |  | — |  |  | — |  |  | 8 |  |  | 8 |
Net current period Other comprehensive income |  | 1 |  |  | 1 |  | — |  |  | 13 |  | 15 |
Accumulated other comprehensive income (loss) at October 30, 2021 |  | $ | 1 |  |  | $ | 38 |  |  | $ | (16) |  |  | $ | (47) |  |  | $ | (24) |
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 |  | Affected Line Item on the Condensed Consolidated Statements of Operations
(in millions) |  |  |  |  |  | October 29, 2022 |  | October 30, 2021 |
Pension and postretirement benefit plan net assets: |  |  |  |  |  |  |  |  |  |
Amortization of amounts included in net periodic benefit income(1) |  |  |  |  |  | $ | — |  |  | $ | 1 |  |  | Net periodic benefit income, excluding service cost
Income tax benefit |  |  |  |  |  | — |  |  | — |  |  | Benefit for income taxes
Total reclassifications, net of tax |  |  |  |  |  | $ | — |  |  | $ | 1 |  |  |
Swap agreements: |  |  |  |  |  |  |  |  |  |
Reclassification of cash flow hedges |  |  |  |  |  | $ | — |  |  | $ | 11 |  |  | Interest expense, net
Income tax benefit |  |  |  |  |  | — |  |  | (3) |  |  | Benefit for income taxes
Total reclassifications, net of tax |  |  |  |  |  | $ | — |  |  | $ | 8 |  |  |
Other cash flow hedges: |  |  |  |  |  |  |  |  |  |
Reclassification of cash flow hedge |  |  |  |  |  | $ | 1 |  |  | $ | — |  |  | Cost of sales
Income tax benefit |  |  |  |  |  | — |  |  | — |  |  | Benefit for income taxes
Total reclassifications, net of tax |  |  |  |  |  | $ | 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 10—Benefit Plans.

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