XML 35 R14.htm IDEA: XBRL DOCUMENT
v3.24.3

PROPERTY AND EQUIPMENT, NET | 12 Months Ended
--- | ---
Aug. 03, 2024
Property, Plant and Equipment [Abstract] |
PROPERTY AND EQUIPMENT, NET | NOTE 5—PROPERTY AND EQUIPMENT, NET Property and equipment, net consisted of the following:
(in millions) |  | Original Estimated Useful Lives |  | 2024 |  | 2023
Land |  |  |  | $ | 123 |  |  | $ | 136 |
Buildings and improvements |  | 10 - 40 years |  | 1,034 |  |  | 1,024 |
Leasehold improvements |  | 10 - 20 years |  | 303 |  |  | 284 |
Equipment |  | 3 - 25 years |  | 1,477 |  |  | 1,280 |
Motor vehicles |  | 5 - 8 years |  | 50 |  |  | 56 |
Finance lease assets |  | 1 - 9 years |  | 51 |  |  | 48 |
Construction in progress |  |  |  | 215 |  |  | 186 |
Property and equipment |  |  |  | 3,253 |  |  | 3,014 |
Less accumulated depreciation and amortization |  |  |  | 1,433 |  |  | 1,247 |
Property and equipment, net |  |  |  | $ | 1,820 |  |  | $ | 1,767 |
The Company capitalized $11 million, $5 million and $4 million of interest during fiscal 2024, 2023 and 2022, respectively. Depreciation and amortization expense on property and equipment was $247 million, $232 million and $213 million for fiscal 2024, 2023 and 2022, respectively. In fiscal 2024, the Company determined that it was more likely than not that it would dispose of one of its corporate-owned office locations before the end of its previously estimated useful life. As a result, the Company conducted an impairment review and recorded a $21 million non-cash asset impairment charge in fiscal 2024. The fair value utilized in the Company’s impairment review was determined based on the market approach. The impairment charge is recorded within Loss (gain) on sale of assets and other asset charges in the Consolidated Statements of Operations. In the fourth quarter of fiscal 2024, the Company sold certain long-lived assets related to this corporate-owned office location for an amount that approximated its net book value at the time of the sale. During the fourth quarter of fiscal 2024, the Company recorded a $15 million non-cash impairment charge related to the decision to close certain leased and owned distribution center locations. During the third quarter of fiscal 2024, the Company recorded a $7 million non-cash asset impairment charge related to the decision to close certain retail store locations. The impairment charges are recorded within Loss (gain) on sale of assets and other asset charges in the Consolidated Statements of Operations. There were no property and equipment impairment charges recorded for fiscal 2023 or 2022.

X
- References No definition available. + Details
Name: | us-gaap_PropertyPlantAndEquipmentAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7 + Details
Name: | us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration