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RESTRUCTURING, ACQUISITION, AND INTEGRATION RELATED EXPENSES

12 Months Ended

Aug. 03, 2024

Restructuring and Related Activities [Abstract]

RESTRUCTURING, ACQUISITION AND INTEGRATION RELATED EXPENSES

NOTE 4—RESTRUCTURING, ACQUISITION AND INTEGRATION RELATED EXPENSES

Restructuring, acquisition and integration related expenses were as follows:

(in millions)						2024						2023						2022
Restructuring and integration costs						$	30					$	8					$	20
Closed property charges and costs						6						—						1
Total						$	36					$	8					$	21

Restructuring and Integration Costs

Restructuring and integration costs for fiscal 2024 and 2023 primarily relate to costs associated with certain employee severance and other employee separation costs. Fiscal 2022 restructuring and integration costs primarily relate to the finalization of integration costs related to the Supervalu acquisition.

Restructuring liabilities related to severance and other employee separation costs were $16 million and $5 million as of August 3, 2024 and July 29, 2023, respectively, and are included in Accrued expenses and other current liabilities and Accrued compensation and benefits in the Consolidated Balance Sheets. Changes in the liability included $27 million and $5 million attributable to restructuring and severance-related charges for fiscal 2024 and fiscal 2023, respectively, and $16 million and $1 million attributable to cash settlements for fiscal 2024 and fiscal 2023, respectively.

Closed Property Charges and Costs

In fiscal 2024, closed property charges relate to lease terminations of non-operating distribution centers and stores.

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The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
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-Paragraph 2
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 420
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-URI https://asc.fasb.org/1943274/2147482017/420-10-50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482017/420-10-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 420
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