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PROPERTY AND EQUIPMENT, NET | 12 Months Ended
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Aug. 02, 2025
Property, Plant and Equipment [Abstract] |
PROPERTY AND EQUIPMENT, NET | NOTE 5—PROPERTY AND EQUIPMENT, NET Property and equipment, net consisted of the following:
(in millions) |  | Original Estimated Useful Lives |  | 2025 |  | 2024
Land |  |  |  | $ | 113 |  |  | $ | 123 |
Buildings and improvements |  | 10 - 40 years |  | 1,003 |  |  | 1,034 |
Leasehold improvements |  | 10 - 20 years |  | 304 |  |  | 303 |
Equipment |  | 3 - 25 years |  | 1,663 |  |  | 1,477 |
Motor vehicles |  | 5 - 8 years |  | 48 |  |  | 50 |
Finance lease assets |  | 1 - 9 years |  | 38 |  |  | 51 |
Construction in progress |  |  |  | 200 |  |  | 215 |
Property and equipment |  |  |  | 3,369 |  |  | 3,253 |
Less accumulated depreciation and amortization |  |  |  | 1,620 |  |  | 1,433 |
Property and equipment, net |  |  |  | $ | 1,749 |  |  | $ | 1,820 |
The Company capitalized $9 million, $11 million and $5 million of interest during fiscal 2025, 2024 and 2023, respectively. Depreciation and amortization expense on property and equipment was $250 million, $247 million and $232 million for fiscal 2025, 2024 and 2023, respectively. In fiscal 2025, as a result of the expected loss in volume related to the termination of the Company’s supply agreement with a customer in the East region, the Company determined that it was more likely than not that it would discontinue operations at the Allentown, Pennsylvania distribution center. As a result, the Company conducted an impairment review and recorded a $24 million non-cash asset impairment charge during the third quarter of fiscal 2025, of which $11 million related to property and equipment. The fair value utilized in the Company’s impairment analysis was determined based on the income approach, and the impairment charge is recorded within Loss on sale of assets and other asset charges in the Consolidated Statements of Operations. Refer to Note 11—Leases for additional information. In fiscal 2024, the Company determined that it was more likely than not that it would dispose of one of its corporate-owned office locations before the end of its previously estimated useful life. As a result, the Company conducted an impairment review and recorded a $21 million non-cash asset impairment charge in fiscal 2024. The fair value utilized in the Company’s impairment review was determined based on the market approach, and the impairment charge is recorded within Loss on sale of assets and other asset charges in the Consolidated Statements of Operations. In the fourth quarter of fiscal 2024, the Company sold certain long-lived assets related to this corporate-owned office location for an amount that approximated its net book value at the time of the sale. During the fourth quarter of fiscal 2024, the Company recorded a $15 million non-cash impairment charge related to the decision to close certain leased and owned distribution center locations. During the third quarter of fiscal 2024, the Company recorded a $7 million non-cash asset impairment charge related to the decision to close certain retail store locations. The impairment charges are recorded within Loss on sale of assets and other asset charges in the Consolidated Statements of Operations. There were no property and equipment impairment charges recorded for fiscal 2023.

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7 + Details
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