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COMPREHENSIVE (LOSS) INCOME AND ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables) | 6 Months Ended
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Jan. 27, 2024
Equity [Abstract] |
Schedule of Accumulated Other Comprehensive Income (Loss) | Changes in Accumulated other comprehensive loss by component, net of tax, for fiscal 2024 year-to-date were as follows:
(in millions) |  | Other Cash Flow Derivatives |  | Benefit Plans |  | Foreign Currency Translation |  | Swap Agreements |  | Total
Accumulated other comprehensive (loss) income at July 29, 2023 |  | $ | — |  |  | $ | (21) |  |  | $ | (21) |  |  | $ | 14 |  |  | $ | (28) |
Other comprehensive loss before reclassifications |  | — |  |  | — |  |  | (1) |  |  | — |  |  | (1) |
Amortization of amounts included in net periodic benefit income |  | — |  |  | 1 |  |  | — |  |  | — |  |  | 1 |
Amortization of cash flow hedges |  | — |  |  | — |  |  | — |  |  | (7) |  |  | (7) |
Net current period Other comprehensive income (loss) |  | — |  |  | 1 |  |  | (1) |  |  | (7) |  |  | (7) |
Accumulated other comprehensive (loss) income at January 27, 2024 |  | $ | — |  |  | $ | (20) |  |  | $ | (22) |  |  | $ | 7 |  |  | $ | (35) |
Changes in Accumulated other comprehensive loss by component, net of tax, for fiscal 2023 year-to-date were as follows:
(in millions) |  | Other Cash Flow Derivatives |  | Benefit Plans |  | Foreign Currency Translation |  | Swap Agreements |  | Total
Accumulated other comprehensive income (loss) at July 30, 2022 |  | $ | 2 |  |  | $ | (3) |  |  | $ | (19) |  |  | $ | — |  |  | $ | (20) |
Other comprehensive (loss) income before reclassifications |  | (3) |  |  | — |  |  | (2) |  |  | 17 |  |  | 12 |
Amortization of amounts included in net periodic benefit income |  | — |  |  | 1 |  |  | — |  |  | — |  |  | 1 |
Amortization of cash flow hedges |  | 1 |  |  | — |  |  | — |  |  | (3) |  |  | (2) |
Net current period Other comprehensive (loss) income |  | (2) |  |  | 1 |  |  | (2) |  |  | 14 |  |  | 11 |
Accumulated other comprehensive income (loss) at January 28, 2023 |  | $ | — |  |  | $ | (2) |  |  | $ | (21) |  |  | $ | 14 |  |  | $ | (9) |
Schedule of Reclassification Out of Accumulated Other Comprehensive Income | Items reclassified out of Accumulated other comprehensive loss had the following impact on the Condensed Consolidated Statements of Operations:
|  | 13-Week Period Ended |  | 26-Week Period Ended |  | Affected Line Item on the Condensed Consolidated Statements of Operations
(in millions) |  | January 27, 2024 |  | January 28, 2023 |  | January 27, 2024 |  | January 28, 2023 |
Pension and postretirement benefit plan net assets: |  |  |  |  |  |  |  |  |  |
Amortization of amounts included in net periodic benefit income(1) |  | $ | 1 |  |  | $ | 1 |  |  | $ | 1 |  |  | $ | 1 |  |  | Net periodic benefit income, excluding service cost
Income tax expense (benefit) |  | — |  |  | — |  |  | — |  |  | — |  |  | (Benefit) provision for income taxes
Total reclassifications, net of tax |  | $ | 1 |  |  | $ | 1 |  |  | $ | 1 |  |  | $ | 1 |  |  |
Swap agreements: |  |  |  |  |  |  |  |  |  |
Reclassification of cash flow hedges |  | $ | (5) |  |  | $ | (4) |  |  | $ | (10) |  |  | $ | (4) |  |  | Interest expense, net
Income tax expense |  | 2 |  |  | 1 |  |  | 3 |  |  | 1 |  |  | (Benefit) provision for income taxes
Total reclassifications, net of tax |  | $ | (3) |  |  | $ | (3) |  |  | $ | (7) |  |  | $ | (3) |  |  |
Other cash flow hedges: |  |  |  |  |  |  |  |  |  |
Reclassification of cash flow hedge |  | $ | — |  |  | $ | 1 |  |  | $ | — |  |  | $ | 2 |  |  | Cost of sales
Income tax benefit |  | — |  |  | (1) |  |  | — |  |  | (1) |  |  | (Benefit) provision for income taxes
Total reclassifications, net of tax |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1 |  |  |
(1)Reclassification of amounts included in net periodic benefit income include reclassification of prior service cost as reflected in Note 11—Benefit Plans.

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