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BUSINESS SEGMENTS (Tables) | 12 Months Ended
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Jul. 29, 2023
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | The following table provides information by reportable segment, including continuing operations Net sales, Adjusted EBITDA, with a reconciliation to Income from continuing operations before income taxes, depreciation and amortization, and payments for capital expenditures:
(in millions) |  | 2023 |  | 2022 |  | 2021
Net sales: |  |  |  |  |  |
Wholesale(1) |  | $ | 29,142 |  |  | $ | 27,824 |  |  | $ | 25,873 |
Retail |  | 2,480 |  |  | 2,468 |  |  | 2,442 |
Other |  | 224 |  |  | 219 |  |  | 219 |
Eliminations |  | (1,574) |  |  | (1,583) |  |  | (1,584) |
Total Net sales |  | $ | 30,272 |  |  | $ | 28,928 |  |  | $ | 26,950 |
Continuing operations Adjusted EBITDA: |  |  |  |  |  |
Wholesale |  | $ | 540 |  |  | $ | 696 |  |  | $ | 677 |
Retail |  | 70 |  |  | 98 |  |  | 98 |
Other |  | 31 |  |  | 44 |  |  | (10) |
Eliminations |  | (1) |  |  | (9) |  |  | 1 |
Adjustments: |  |  |  |  |  |
Net income attributable to noncontrolling interests |  | 6 |  |  | 6 |  |  | 6 |
Net periodic benefit income, excluding service cost |  | 29 |  |  | 40 |  |  | 85 |
Interest expense, net |  | (144) |  |  | (155) |  |  | (204) |
Other income, net |  | 2 |  |  | 2 |  |  | 8 |
Depreciation and amortization |  | (304) |  |  | (285) |  |  | (285) |
Share-based compensation(2) |  | (38) |  |  | (43) |  |  | (49) |
LIFO charge |  | (119) |  |  | (158) |  |  | (24) |
Restructuring, acquisition, and integration related expenses |  | (8) |  |  | (21) |  |  | (56) |
(Loss) gain on sale of assets and other asset charges |  | (30) |  |  | 87 |  |  | 4 |
Multi-employer pension plan withdrawal (charges) benefit |  | (1) |  |  | 8 |  |  | (63) |
Other retail expense |  | (1) |  |  | — |  |  | (5) |
Business transformation costs |  | (25) |  |  | — |  |  | — |
Income from continuing operations before income taxes |  | $ | 7 |  |  | $ | 310 |  |  | $ | 183 |
Depreciation and amortization: |  |  |  |  |  |
Wholesale |  | $ | 263 |  |  | $ | 254 |  |  | $ | 252 |
Retail |  | 36 |  |  | 29 |  |  | 29 |
Other |  | 5 |  |  | 2 |  |  | 4 |
Total depreciation and amortization |  | $ | 304 |  |  | $ | 285 |  |  | $ | 285 |
Payments for capital expenditures: |  |  |  |  |  |
Wholesale |  | $ | 290 |  |  | $ | 224 |  |  | $ | 285 |
Retail |  | 33 |  |  | 27 |  |  | 25 |
Total capital expenditures |  | $ | 323 |  |  | $ | 251 |  |  | $ | 310 |
(1)For fiscal 2023, 2022 and 2021, as presented in Note 3—Revenue Recognition, the Company recorded $1,331 million, $1,358 million and $1,381 million, respectively, within Net sales in its Wholesale reportable segment attributable to Wholesale to Retail sales that have been eliminated upon consolidation. (2)Fiscal 2022 and 2021 include an immaterial amount of liability-settled share compensation expense.
Reconciliation of Assets from Segment to Consolidated | Total assets by reportable segment were as follows:
(in millions) |  | July 29, 2023 |  | July 30, 2022
Assets: |  |  |  |
Wholesale |  | $ | 6,405 |  |  | $ | 6,733 |
Retail |  | 648 |  |  | 599 |
Other |  | 377 |  |  | 335 |
Eliminations |  | (36) |  |  | (39) |
Total assets |  | $ | 7,394 |  |  | $ | 7,628 |

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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 -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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