XML 25 R13.htm IDEA: XBRL DOCUMENT
v3.24.3

GOODWILL AND INTANGIBLE ASSETS, NET | 3 Months Ended
--- | ---
Nov. 02, 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 August 3, 2024 | $ | 9 |  | (1) | $ | 10 |  | (2) | $ | 19 |
Change in foreign exchange rates | — |  |  | — |  |  | — |
Goodwill as of November 2, 2024 | $ | 9 |  | (1) | $ | 10 |  | (2) | $ | 19 |
(1)Wholesale amounts are net of accumulated goodwill impairment charges of $717 million as of August 3, 2024 and November 2, 2024. (2)Other amounts are net of accumulated goodwill impairment charges of $10 million as of August 3, 2024 and November 2, 2024. Identifiable intangible assets, net consisted of the following:
| November 2, 2024 |  | August 3, 2024
(in millions) | Gross Carrying Amount |  | Accumulated Amortization |  | Net |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Amortizing intangible assets: |  |  |  |  |  |  |  |  |  |  |
Customer relationships | $ | 1,007 |  |  | $ | 428 |  |  | $ | 579 |  |  | $ | 1,007 |  |  | $ | 413 |  |  | $ | 594 |
Pharmacy prescription files | 33 |  |  | 28 |  |  | 5 |  |  | 33 |  |  | 27 |  |  | 6 |
Operating lease intangibles | 6 |  |  | 5 |  |  | 1 |  |  | 6 |  |  | 5 |  |  | 1 |
Trademarks and tradenames | 88 |  |  | 67 |  |  | 21 |  |  | 88 |  |  | 65 |  |  | 23 |
Total amortizing intangible assets | 1,134 |  |  | 528 |  |  | 606 |  |  | 1,134 |  |  | 510 |  |  | 624 |
Indefinite lived intangible assets: |  |  |  |  |  |  |  |  |  |  |
Trademarks and tradenames | 25 |  |  | — |  |  | 25 |  |  | 25 |  |  | — |  |  | 25 |
Intangibles assets, net | $ | 1,159 |  |  | $ | 528 |  |  | $ | 631 |  |  | $ | 1,159 |  |  | $ | 510 |  |  | $ | 649 |
Amortization expense was $18 million for the first quarters of fiscal 2025 and 2024. The estimated future amortization expense for each of the next five fiscal years and thereafter on amortizing intangible assets existing as of November 2, 2024 is as shown below:
Fiscal Year: | (in millions)
Remaining fiscal 2025 | $ | 53 |
2026 | 67 |
2027 | 64 |
2028 | 62 |
2029 | 51 |
Thereafter | 309 |
| $ | 606 |

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://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration