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GOODWILL AND INTANGIBLE ASSETS, NET | 9 Months Ended
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May 03, 2025
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 May 3, 2025 | $ | 9 |  | (1) | $ | 10 |  | (2) | $ | 19 |
(1)Wholesale amounts are net of accumulated goodwill impairment charges of $717 million as of August 3, 2024 and May 3, 2025. (2)Other amounts are net of accumulated goodwill impairment charges of $10 million as of August 3, 2024 and May 3, 2025. Identifiable intangible assets, net consisted of the following:
| May 3, 2025 |  | August 3, 2024
(in millions) | Gross Carrying Amount |  | Accumulated Amortization |  | Net |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Amortizing intangible assets: |  |  |  |  |  |  |  |  |  |  |
Customer relationships | $ | 1,007 |  |  | $ | 457 |  |  | $ | 550 |  |  | $ | 1,007 |  |  | $ | 413 |  |  | $ | 594 |
Pharmacy prescription files | 33 |  |  | 31 |  |  | 2 |  |  | 33 |  |  | 27 |  |  | 6 |
Operating lease intangibles | 3 |  |  | 3 |  |  | — |  |  | 6 |  |  | 5 |  |  | 1 |
Trademarks and tradenames | 85 |  |  | 69 |  |  | 16 |  |  | 88 |  |  | 65 |  |  | 23 |
Total amortizing intangible assets | 1,128 |  |  | 560 |  |  | 568 |  |  | 1,134 |  |  | 510 |  |  | 624 |
Indefinite lived intangible assets: |  |  |  |  |  |  |  |  |  |  |
Trademarks and tradenames | 25 |  |  | — |  |  | 25 |  |  | 25 |  |  | — |  |  | 25 |
Intangibles assets, net | $ | 1,153 |  |  | $ | 560 |  |  | $ | 593 |  |  | $ | 1,159 |  |  | $ | 510 |  |  | $ | 649 |
Amortization expense was $17 million for the third quarters of fiscal 2025 and 2024, and $53 million for fiscal 2025 and 2024 year-to-date. The estimated future amortization expense for each of the next five fiscal years and thereafter on amortizing intangible assets existing as of May 3, 2025 is as shown below:
Fiscal Year: | (in millions)
Remaining fiscal 2025 | $ | 18 |
2026 | 66 |
2027 | 63 |
2028 | 61 |
2029 | 51 |
Thereafter | 309 |
| $ | 568 |

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- 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
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