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BUSINESS SEGMENTS (Tables) | 3 Months Ended
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Nov. 02, 2024
Segment Reporting [Abstract] |
Schedule of Business Segment Information | The following table provides information by reportable segment, including Net sales, Adjusted EBITDA, with a reconciliation to Loss before income taxes, depreciation and amortization, and payments for capital expenditures:
|  |  |  | 13-Week Period Ended
(in millions) |  |  |  |  |  | November 2, 2024 |  | October 28, 2023
Net sales: |  |  |  |  |  |  |  |
Wholesale(1) |  |  |  |  |  | $ | 7,590 |  |  | $ | 7,281 |
Retail |  |  |  |  |  | 586 |  |  | 606 |
Other |  |  |  |  |  | 58 |  |  | 60 |
Eliminations |  |  |  |  |  | (363) |  |  | (395) |
Total Net sales |  |  |  |  |  | $ | 7,871 |  |  | $ | 7,552 |
Adjusted EBITDA: |  |  |  |  |  |  |  |
Wholesale |  |  |  |  |  | $ | 131 |  |  | $ | 117 |
Retail |  |  |  |  |  | — |  |  | (1) |
Other |  |  |  |  |  | 1 |  |  | 3 |
Eliminations |  |  |  |  |  | 2 |  |  | (2) |
Adjustments: |  |  |  |  |  |  |  |
Net income attributable to noncontrolling interests |  |  |  |  |  | 1 |  |  | — |
Net periodic benefit income, excluding service cost |  |  |  |  |  | 5 |  |  | 3 |
Interest expense, net |  |  |  |  |  | (36) |  |  | (35) |
Other income, net |  |  |  |  |  | 2 |  |  | — |
Depreciation and amortization |  |  |  |  |  | (80) |  |  | (78) |
Share-based compensation |  |  |  |  |  | (7) |  |  | (6) |
LIFO charge |  |  |  |  |  | (7) |  |  | (7) |
Restructuring, acquisition and integration related expenses |  |  |  |  |  | (12) |  |  | (4) |
Loss on sale of assets and other asset charges |  |  |  |  |  | (6) |  |  | (19) |
Business transformation costs |  |  |  |  |  | (18) |  |  | (15) |
Other adjustments |  |  |  |  |  | — |  |  | (4) |
Loss before income taxes |  |  |  |  |  | $ | (24) |  |  | $ | (48) |
Depreciation and amortization: |  |  |  |  |  |  |  |
Wholesale |  |  |  |  |  | $ | 70 |  |  | $ | 67 |
Retail |  |  |  |  |  | 9 |  |  | 8 |
Other |  |  |  |  |  | 1 |  |  | 3 |
Total depreciation and amortization |  |  |  |  |  | $ | 80 |  |  | $ | 78 |
Payments for capital expenditures: |  |  |  |  |  |  |  |
Wholesale |  |  |  |  |  | $ | 47 |  |  | $ | 71 |
Retail |  |  |  |  |  | 2 |  |  | 3 |
Total capital expenditures |  |  |  |  |  | $ | 49 |  |  | $ | 74 |
(1)As presented in Note 3—Revenue Recognition, the Company recorded $301 million and $321 million for the first quarters of fiscal 2025 and 2024, respectively, within Net sales in its Wholesale reportable segment attributable to Wholesale to Retail sales that have been eliminated upon consolidation. Total assets by reportable segment were as follows:
(in millions) |  | November 2, 2024 |  | August 3, 2024
Assets: |  |  |  |
Wholesale |  | $ | 7,001 |  |  | $ | 6,563 |
Retail |  | 591 |  |  | 606 |
Other |  | 423 |  |  | 401 |
Eliminations |  | (49) |  |  | (42) |
Total assets |  | $ | 7,966 |  |  | $ | 7,528 |

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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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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