COMPREHENSIVE (LOSS) INCOME AND ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)

12 Months Ended

Aug. 03, 2024

Schedule of Accumulated Other Comprehensive Loss

Changes in Accumulated other comprehensive loss by component, net of tax, for fiscal 2024, 2023 and 2022 are as follows:


(in millions)	Other Cash Flow Derivatives		Benefit Plans		Foreign Currency		Swap Agreements		Total
Accumulated other comprehensive income (loss) at July 31, 2021	$	—	$	37	$	(16)	$	(60)	$	(39)
Other comprehensive (loss) income before reclassifications	—		(42)		(3)		34		(11)
Amortization of amounts included in net periodic benefit income	—		2		—		—		2
Amortization of cash flow hedges	2		—		—		26		28
Net current period Other comprehensive income (loss)	2		(40)		(3)		60		19
Accumulated other comprehensive income (loss) at July 30, 2022	$	2	$	(3)	$	(19)	$	—	$	(20)
Other comprehensive (loss) income before reclassifications	—		(20)		(2)		23		1
Amortization of amounts included in net periodic benefit income	—		2		—		—		2
Amortization of cash flow hedges	(2)		—		—		(9)		(11)

Net current period Other comprehensive (loss) income	(2)		(18)		(2)		14		(8)
Accumulated other comprehensive (loss) income at July 29, 2023	$	—	$	(21)	$	(21)	$	14	$	(28)
Other comprehensive (loss) income before reclassifications	(2)		(3)		(3)		(1)		(9)
Amortization of amounts included in net periodic benefit income	—		2		—		—		2
Amortization of cash flow hedges	2		—		—		(14)		(12)
Net current period Other comprehensive (loss) income	—		(1)		(3)		(15)		(19)
Accumulated other comprehensive loss at August 3, 2024	$	—	$	(22)	$	(24)	$	(1)	$	(47)

Schedule of Reclassification Out of Accumulated Other Comprehensive (Loss) Income

Items reclassified out of Accumulated other comprehensive (loss) income had the following impact on the Consolidated Statements of Operations:


(in millions)	2024		2023		2022		Affected Line Item on the Consolidated Statements of Operations
Pension and postretirement benefit plan obligations:
Amortization of amounts included in net periodic benefit cost (income)(1)	$	2	$	3	$	4	Net periodic benefit income, excluding service cost
Income tax benefit	—		(1)		(2)		(Benefit) provision for income taxes
Total reclassifications, net of tax	$	2	$	2	$	2

Swap agreements:
Reclassification of cash flow hedge	$	(19)	$	(12)	$	36	Interest expense, net
Income tax expense (benefit)	5		3		(10)		(Benefit) provision for income taxes
Total reclassifications, net of tax	$	(14)	$	(9)	$	26

Other cash flow hedges:
Reclassification of cash flow hedge	$	2	$	(3)	$	2	Cost of sales
Income tax expense	—		1		—		(Benefit) provision for income taxes
Total reclassifications, net of tax	$	2	$	(2)	$	2

(1)Reclassification of amounts included in net periodic benefit income include reclassification of prior service cost and reclassification of net actuarial (gain) loss as reflected in Note 13—Benefit Plans.