XML 26 R13.htm IDEA: XBRL DOCUMENT
v3.24.0.1

GOODWILL AND INTANGIBLE ASSETS, NET | 6 Months Ended
--- | ---
Jan. 27, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLE ASSETS, NET | NOTE 5—GOODWILL AND INTANGIBLE ASSETS, NET Changes in the carrying value of Goodwill by reportable segment that have goodwill consisted of the following:
(in millions) | Wholesale |  | Other |  | Total
Goodwill as of July 29, 2023 | $ | 10 |  | (1) | $ | 10 |  | (2) | $ | 20 |
Change in foreign exchange rates | — |  |  | — |  |  | — |
Goodwill as of January 27, 2024 | $ | 10 |  | (1) | $ | 10 |  | (2) | $ | 20 |
(1)Wholesale amounts are net of accumulated goodwill impairment charges of $717 million as of July 29, 2023 and January 27, 2024. (2)Other amounts are net of accumulated goodwill impairment charges of $10 million as of July 29, 2023 and January 27, 2024. Identifiable intangible assets, net consisted of the following:
| January 27, 2024 |  | July 29, 2023
(in millions) | Gross Carrying Amount |  | Accumulated Amortization |  | Net |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Amortizing intangible assets: |  |  |  |  |  |  |  |  |  |  |
Customer relationships | $ | 1,007 |  |  | $ | 383 |  |  | $ | 624 |  |  | $ | 1,007 |  |  | $ | 354 |  |  | $ | 653 |
Pharmacy prescription files | 33 |  |  | 25 |  |  | 8 |  |  | 33 |  |  | 22 |  |  | 11 |
Operating lease intangibles | 6 |  |  | 5 |  |  | 1 |  |  | 6 |  |  | 5 |  |  | 1 |
Trademarks and tradenames | 88 |  |  | 61 |  |  | 27 |  |  | 89 |  |  | 57 |  |  | 32 |
Total amortizing intangible assets | 1,134 |  |  | 474 |  |  | 660 |  |  | 1,135 |  |  | 438 |  |  | 697 |
Indefinite lived intangible assets: |  |  |  |  |  |  |  |  |  |  |
Trademarks and tradenames | 25 |  |  | — |  |  | 25 |  |  | 25 |  |  | — |  |  | 25 |
Intangibles assets, net | $ | 1,159 |  |  | $ | 474 |  |  | $ | 685 |  |  | $ | 1,160 |  |  | $ | 438 |  |  | $ | 722 |
Amortization expense was $18 million for the second quarters of fiscal 2024 and 2023, respectively, and $36 million for fiscal 2024 and 2023 year-to-date, respectively. The estimated future amortization expense for each of the next five fiscal years and thereafter on amortizing intangible assets existing as of January 27, 2024 is as shown below:
Fiscal Year: | (in millions)
Remaining fiscal 2024 | $ | 37 |
2025 | 71 |
2026 | 67 |
2027 | 64 |
2028 | 61 |
Thereafter | 360 |
| $ | 660 |

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

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration