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REVENUE RECOGNITION
3 Months Ended
Oct. 29, 2022
Revenue from Contract with Customer [Abstract]  
REVENUE RECOGNITION
NOTE 3—REVENUE RECOGNITION

Disaggregation of Revenues

The Company records revenue to five customer channels within Net sales, which are described below:

Chains, which consists of customer accounts that typically have more than 10 operating stores and excludes stores included within the Supernatural and Other channels defined below;
Independent retailers, which includes smaller size accounts, including single store and multiple store locations, and group purchasing entities that are not classified within Chains above or Other discussed below;
Supernatural, which consists of chain accounts that are national in scope and carry primarily natural products, and currently consists solely of one customer;
Retail, which reflects the Company’s Retail segment, including Cub Foods and Shoppers stores, and
Other, which includes international customers outside of Canada, foodservice, eCommerce, conventional military business and other sales.
The following tables detail the Company’s Net sales for the periods presented by customer channel for each of its segments. The Company does not record its revenues within its Wholesale reportable segment for financial reporting purposes by product group, and it is therefore impracticable for it to report them accordingly.
 Net Sales for the 13-Week Period Ended
(in millions)October 29, 2022
Customer ChannelWholesaleRetailOther
Eliminations(1)
Consolidated
Chains$3,224 $— $— $— $3,224 
Independent retailers1,947 — — — 1,947 
Supernatural1,513 — — — 1,513 
Retail— 613 — — 613 
Other575 — 60 — 635 
Eliminations— — — (400)(400)
Total$7,259 $613 $60 $(400)$7,532 
Net Sales for the 13-Week Period Ended
(in millions)
October 30, 2021
Customer ChannelWholesaleRetailOther
Eliminations(1)
Consolidated
Chains$3,082 $— $— $— $3,082 
Independent retailers1,750 — — — 1,750 
Supernatural1,378 — — — 1,378 
Retail— 602 — — 602 
Other524 — 56 — 580 
Eliminations— — — (395)(395)
Total$6,734 $602 $56 $(395)$6,997 
(1)Eliminations primarily includes the net sales elimination of Wholesale to Retail sales and the elimination of sales from segments included within Other to Wholesale.

The Company serves customers in the United States and Canada, as well as customers located in other countries. However, all of the Company’s revenue is earned in the United States and Canada, and international distribution occurs through freight-forwarders. The Company does not have any performance obligations on international shipments subsequent to delivery to the domestic port.

Accounts and Notes Receivable Balances

Accounts and notes receivable are as follows:
(in millions)October 29, 2022July 30, 2022
Customer accounts receivable$1,340 $1,213 
Allowance for uncollectible receivables (15)(18)
Other receivables, net26 19 
Accounts receivable, net$1,351 $1,214 
Notes receivable, net, included within Prepaid expenses and other current assets
$$
Long-term notes receivable, net, included within Other long-term assets
$11 $12 
Subsequent to the end of the first quarter of fiscal 2023, the Company entered into a purchase agreement with a third-party financial institution for the sale of certain accounts receivable up to $300 million, subject to eligibility criteria established by the financial institution. The Company initially sold $253 million of accounts receivable under this agreement without recourse, in exchange for cash less a discount, as specified in the agreement. After the initial sale, the Company does not retain any interest in the receivables. The Company’s continuing involvement in transferred receivables is limited to servicing the receivables. Pursuant to the terms of the agreement, certain receivables are sold to the third-party financial institution on a revolving basis, subject to certain limitations.