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FAIR VALUE MEASUREMENTS OF FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Apr. 29, 2023

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following tables provide the fair value hierarchy for financial assets and liabilities measured on a recurring basis:

						Condensed Consolidated Balance Sheets Location						Fair Value at April 29, 2023
(in millions)												Level 1						Level 2						Level 3
Assets:
Foreign currency derivatives designated as hedging instruments						Prepaid expenses and other current assets						$	—					$	1					$	—
Interest rate swaps designated as hedging instruments						Prepaid expenses and other current assets						$	—					$	15					$	—
Interest rate swaps designated as hedging instruments						Other long-term assets						$	—					$	2					$	—
Liabilities:
Fuel derivatives designated as hedging instruments						Accrued expenses and other current liabilities						$	—					$	2					$	—

						Condensed Consolidated Balance Sheets Location						Fair Value at July 30, 2022
(in millions)												Level 1						Level 2						Level 3
Assets:
Fuel derivatives designated as hedging instruments						Prepaid expenses and other current assets						$	—					$	3					$	—
Interest rate swaps designated as hedging instruments						Prepaid expenses and other current assets						$	—					$	3					$	—
Interest rate swaps designated as hedging instruments						Other long-term assets						$	—					$	1					$	—
Liabilities:
Interest rate swaps designated as hedging instruments						Other long-term liabilities						$	—					$	2					$	—

Fair Value, By Balance Sheet Grouping

In the table below, the carrying value of the Company’s long-term debt is net of original issue discounts and debt issuance costs.

						April 29, 2023												July 30, 2022
(in millions)						Carrying Value						Fair Value						Carrying Value						Fair Value
Notes receivable, including current portion						$	15					$	9					$	23					$	17
Long-term debt, including current portion						$	2,032					$	2,033					$	2,123					$	2,153

X

- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-URI https://asc.fasb.org/extlink&oid=123594938&loc=d3e13467-108611

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

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No definition available.

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X

- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

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