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BUSINESS SEGMENTS (Tables)

12 Months Ended

Aug. 03, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The following table provides information by reportable segment, including Net sales, Adjusted EBITDA, with a reconciliation to (Loss) income before income taxes, depreciation and amortization, and payments for capital expenditures:

(in millions)						2024						2023						2022
Net sales:
Wholesale(1)						$	29,853					$	29,142					$	27,824
Retail						2,436						2,480						2,468
Other						215						224						219
Eliminations						(1,524)						(1,574)						(1,583)
Total Net sales						$	30,980					$	30,272					$	28,928
Adjusted EBITDA:
Wholesale						$	476					$	540					$	696
Retail						8						70						98
Other						30						31						44
Eliminations						4						(1)						(9)
Adjustments:
Net income attributable to noncontrolling interests						2						6						6
Net periodic benefit income, excluding service cost						15						29						40
Interest expense, net						(162)						(144)						(155)
Other income, net						2						2						2
Depreciation and amortization						(319)						(304)						(285)
Share-based compensation						(37)						(38)						(43)
LIFO charge						(7)						(119)						(158)
Restructuring, acquisition, and integration related expenses						(36)						(8)						(21)
(Loss) gain on sale of assets and other asset charges						(57)						(30)						87
Multi-employer pension plan withdrawal (charges) benefit						—						(1)						8
Other retail expense						—						(1)						—
Business transformation costs						(52)						(25)						—
Other adjustments						(4)						—						—
(Loss) income before income taxes						$	(137)					$	7					$	310
Depreciation and amortization:
Wholesale						$	272					$	263					$	254
Retail						35						36						29
Other						12						5						2
Total depreciation and amortization						$	319					$	304					$	285
Payments for capital expenditures:
Wholesale						$	322					$	290					$	224
Retail						23						33						27
Total capital expenditures						$	345					$	323					$	251

(1)For fiscal 2024, 2023 and 2022, as presented in Note 3—Revenue Recognition, the Company recorded $1,272 million, $1,331 million and $1,358 million, respectively, within Net sales in its Wholesale reportable segment attributable to Wholesale to Retail sales that have been eliminated upon consolidation.

Reconciliation of Assets from Segment to Consolidated

Total assets by reportable segment were as follows:

(in millions)						August 3, 2024						July 29, 2023
Assets:
Wholesale						$	6,563					$	6,405
Retail						606						648
Other						401						377
Eliminations						(42)						(36)
Total assets						$	7,528					$	7,394

X

- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets.

+ References

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-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-Publisher FASB
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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

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