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BUSINESS SEGMENTS (Tables)

6 Months Ended

Feb. 01, 2025

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												26-Week Period Ended
(in millions)						February 1, 2025						January 27, 2024						February 1, 2025						January 27, 2024
Net sales:
Wholesale(1)						$	7,872					$	7,487					$	15,462					$	14,768
Retail						610						631						1,196						1,237
Other						53						52						111						112
Eliminations						(377)						(395)						(740)						(790)
Total Net sales						$	8,158					$	7,775					$	16,029					$	15,327
Adjusted EBITDA:
Wholesale						$	136					$	118					$	267					$	235
Retail						6						8						6						7
Other						5						4						6						7
Eliminations						(2)						(2)						—						(4)
Adjustments:
Net income attributable to noncontrolling interests						1						1						2						1
Net periodic benefit income, excluding service cost						5						4						10						7
Interest expense, net						(38)						(40)						(74)						(75)
Other income, net						1						1						3						1
Depreciation and amortization						(81)						(74)						(161)						(152)
Share-based compensation						(11)						(10)						(18)						(16)
LIFO charge						(3)						(6)						(10)						(13)
Restructuring, acquisition and integration related expenses						(9)						(4)						(21)						(8)
Loss on sale of assets and other asset charges						(5)						(5)						(11)						(24)
Business transformation costs						(8)						(14)						(26)						(29)
Other adjustments						(2)						—						(2)						(4)
Loss before income taxes						$	(5)					$	(19)					$	(29)					$	(67)
Depreciation and amortization:
Wholesale						$	69					$	66					$	139					$	133
Retail						9						8						18						16
Other						3						—						4						3
Total depreciation and amortization						$	81					$	74					$	161					$	152
Payments for capital expenditures:
Wholesale						$	51					$	64					$	98					$	135
Retail						3						3						5						6
Total capital expenditures						$	54					$	67					$	103					$	141

(1)The Company recorded $320 million and $330 million for the second quarters of fiscal 2025 and 2024, respectively, and $621 million and $651 million in fiscal 2025 and 2024 year-to-date, 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)						February 1, 2025						August 3, 2024
Assets:
Wholesale						$	6,764					$	6,563
Retail						580						606
Other						439						401
Eliminations						(52)						(42)
Total assets						$	7,731					$	7,528

X

- 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

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- References

No definition available.

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