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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Millions
Jan. 27, 2024
Jul. 29, 2023
ASSETS    
Cash and cash equivalents $ 34 $ 37
Accounts receivable, net 990 889
Inventories, net 2,311 2,292
Prepaid expenses and other current assets 246 245
Total current assets 3,581 3,463
Property and equipment, net 1,766 1,767
Operating lease assets 1,430 1,228
Goodwill 20 20
Intangible assets, net 685 722
Deferred income taxes 34 32
Other long-term assets 155 162
Total assets 7,671 7,394
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Accounts payable 1,722 1,781
Accrued expenses and other current liabilities 247 283
Accrued compensation and benefits 168 143
Current portion of operating lease liabilities 187 180
Current portion of long-term debt and finance lease liabilities 12 18
Total current liabilities 2,336 2,405
Long-term debt 2,176 1,956
Long-term operating lease liabilities 1,298 1,099
Long-term finance lease liabilities 7 12
Pension and other postretirement benefit obligations 15 16
Other long-term liabilities 147 162
Total liabilities 5,979 5,650
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.01 par value, authorized 5.0 shares; none issued or outstanding 0 0
Common stock, $0.01 par value, authorized 100.0 shares; 61.9 shares issued and 59.4 shares outstanding at January 27, 2024; 61.0 shares issued and 58.5 shares outstanding at July 29, 2023 1 1
Additional paid-in capital 616 606
Treasury stock at cost (86) (86)
Accumulated other comprehensive loss (35) (28)
Retained earnings 1,196 1,250
Total United Natural Foods, Inc. stockholders’ equity 1,692 1,743
Noncontrolling interests 0 1
Total stockholders’ equity 1,692 1,744
Total liabilities and stockholders’ equity $ 7,671 $ 7,394