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REVENUE RECOGNITION (Tables)

12 Months Ended

Aug. 03, 2024

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

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.

(in millions)						Net Sales for Fiscal 2024
Customer Channel						Wholesale						Retail						Other						Eliminations(1)						Consolidated
Chains						$	12,967					$	—					$	—					$	—					$	12,967
Independent retailers						7,605						—						—						—						7,605
Supernatural						6,941						—						—						—						6,941
Retail						—						2,436						—						—						2,436
Other						2,340						—						215						—						2,555
Eliminations						—						—						—						(1,524)						(1,524)
Total						$	29,853					$	2,436					$	215					$	(1,524)					$	30,980

(in millions)						Net Sales for Fiscal 2023
Customer Channel						Wholesale						Retail						Other						Eliminations(1)						Consolidated
Chains						$	12,816					$	—					$	—					$	—					$	12,816
Independent retailers						7,699						—						—						—						7,699
Supernatural						6,374						—						—						—						6,374
Retail						—						2,480						—						—						2,480
Other						2,253						—						224						—						2,477
Eliminations						—						—						—						(1,574)						(1,574)
Total						$	29,142					$	2,480					$	224					$	(1,574)					$	30,272

(in millions)						Net Sales for Fiscal 2022
Customer Channel						Wholesale						Retail						Other						Eliminations(1)						Consolidated
Chains						$	12,562					$	—					$	—					$	—					$	12,562
Independent retailers						7,360						—						—						—						7,360
Supernatural						5,719						—						—						—						5,719
Retail						—						2,468						—						—						2,468
Other						2,183						—						219						—						2,402
Eliminations						—						—						—						(1,583)						(1,583)
Total						$	27,824					$	2,468					$	219					$	(1,583)					$	28,928

(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.

Schedule of Accounts, Notes and Allowance for Uncollectible Receivables

Accounts and notes receivable are as follows:

(in millions)			August 3, 2024						July 29, 2023
Customer accounts receivable			$	936					$	887
Allowance for uncollectible receivables			(21)						(17)
Other receivables, net			38						19
Accounts receivable, net			$	953					$	889
Notes receivable, net, included within Prepaid expenses and other current assets			$	3					$	3
Long-term notes receivable, net, included within Other long-term assets			$	7					$	7

The allowance for uncollectible receivables, and estimated variable consideration allowed for as sales concessions consists of the following:

(in millions)						2024						2023						2022
Balance at beginning of year						$	17					$	18					$	28
Provision for losses in Operating expenses						9						2						2
(Increases) reductions to Net sales						(2)						6						1
Write-offs charged against the allowance						(3)						(9)						(13)
Balance at end of year						$	21					$	17					$	18

X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-5

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X

- Definition

Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(4))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

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-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(3))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

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