XML 23 R11.htm IDEA: XBRL DOCUMENT
v3.25.1

REVENUE RECOGNITION | 9 Months Ended
--- | ---
May 03, 2025
Revenue from Contract with Customer [Abstract] |
REVENUE RECOGNITION | NOTE 3—REVENUE RECOGNITION Disaggregation of Revenues In the second quarter of fiscal 2025, the Company announced that it is realigning its commercial wholesale organization into two product-centered business divisions to enhance service to its customers and suppliers with commercial teams providing a more customized product and service-centered experience. These two divisions, Conventional Grocery Products and Natural, Organic, Specialty & Fresh Products, each have focused sales teams aligned to the unique product and service needs of their retail customers. The Company updated its presentation of disaggregated revenue to align with how management evaluates its top-line commercial and financial performance. Prior period disaggregation of revenue amounts have been recast to conform with the Company’s current period presentation. The Company continues to effect the changes necessary to complete the divisional realignment. The Company disaggregates revenue into the following three categories based on product and service offerings: •Natural, which primarily reflects the wholesale distribution of natural, organic and specialty grocery and non-food products and services and includes the Company’s portfolio of natural owned brands and natural and organic snack food manufacturing business; •Conventional, which primarily reflects the wholesale distribution of conventional grocery and non-food products and services and includes the Company’s portfolio of conventional owned brands; and •Retail, which reflects the Company’s grocery and liquor stores operating under the Cub® Foods and Shoppers® banners that sell products directly to consumers. The following tables detail the Company’s Net sales for the periods presented by the aforementioned categories for each of its segments. The Company does not record its revenues within its Wholesale reportable segment for financial reporting purposes by product group, and it is therefore impracticable for it to report them accordingly.
|  | 13-Week Period Ended May 3, 2025
(in millions) |  | Wholesale |  | Retail |  | Other |  | Eliminations(1) |  | Consolidated
Natural |  | $ | 4,148 |  |  | $ | — |  |  | $ | 56 |  |  | $ | (44) |  |  | $ | 4,160 |
Conventional |  | 3,628 |  |  | — |  |  | — |  |  | — |  |  | 3,628 |
Retail |  | — |  |  | 573 |  |  | — |  |  | — |  |  | 573 |
Eliminations |  | — |  |  | — |  |  | — |  |  | (302) |  |  | (302) |
Total |  | $ | 7,776 |  |  | $ | 573 |  |  | $ | 56 |  |  | $ | (346) |  |  | $ | 8,059 |
|  | 13-Week Period Ended April 27, 2024(2)
(in millions) |  | Wholesale |  | Retail |  | Other |  | Eliminations(1) |  | Consolidated
Natural |  | $ | 3,702 |  |  | $ | — |  |  | $ | 50 |  |  | $ | (39) |  |  | $ | 3,713 |
Conventional |  | 3,534 |  |  | — |  |  | — |  |  | — |  |  | 3,534 |
Retail |  | — |  |  | 571 |  |  | — |  |  | — |  |  | 571 |
Eliminations |  | — |  |  | — |  |  | — |  |  | (320) |  |  | (320) |
Total |  | $ | 7,236 |  |  | $ | 571 |  |  | $ | 50 |  |  | $ | (359) |  |  | $ | 7,498 |
|  | 39-Week Period Ended May 3, 2025
(in millions) |  | Wholesale |  | Retail |  | Other |  | Eliminations(1) |  | Consolidated
Natural |  | $ | 11,985 |  |  | $ | — |  |  | $ | 167 |  |  | $ | (133) |  |  | $ | 12,019 |
Conventional |  | 11,253 |  |  | — |  |  | — |  |  | — |  |  | 11,253 |
Retail |  | — |  |  | 1,769 |  |  | — |  |  | — |  |  | 1,769 |
Eliminations |  | — |  |  | — |  |  | — |  |  | (953) |  |  | (953) |
Total |  | $ | 23,238 |  |  | $ | 1,769 |  |  | $ | 167 |  |  | $ | (1,086) |  |  | $ | 24,088 |
|  | 39-Week Period Ended April 27, 2024(2)
(in millions) |  | Wholesale |  | Retail |  | Other |  | Eliminations(1) |  | Consolidated
Natural |  | $ | 10,975 |  |  | $ | — |  |  | $ | 162 |  |  | $ | (132) |  |  | $ | 11,005 |
Conventional |  | 11,029 |  |  | — |  |  | — |  |  | — |  |  | 11,029 |
Retail |  | — |  |  | 1,808 |  |  | — |  |  | — |  |  | 1,808 |
Eliminations |  | — |  |  | — |  |  | — |  |  | (1,017) |  |  | (1,017) |
Total |  | $ | 22,004 |  |  | $ | 1,808 |  |  | $ | 162 |  |  | $ | (1,149) |  |  | $ | 22,825 |
(1)Eliminations primarily includes the net sales elimination of Wholesale to Retail sales and the elimination of sales from segments included within Other to Wholesale. (2)In the second quarter of fiscal 2025, the Company updated its presentation of disaggregated revenue as described above. Prior period disaggregation of revenue amounts in the above tables have been recast to conform with the Company’s current period presentation. There was no impact to the Condensed Consolidated Statements of Operations as a result. The Company serves customers in the United States and Canada, as well as customers located in other countries. However, all of the Company’s revenue is earned in the United States and Canada, and international distribution occurs through freight-forwarders. The Company does not have any performance obligations on international shipments subsequent to delivery to the domestic port. Accounts and Notes Receivable Balances Accounts and notes receivable are as follows:
(in millions) |  | May 3, 2025 |  | August 3, 2024
Customer accounts receivable |  | $ | 981 |  |  | $ | 936 |
Allowance for uncollectible receivables |  | (22) |  |  | (21) |
Other receivables, net |  | 39 |  |  | 38 |
Accounts receivable, net |  | $ | 998 |  |  | $ | 953 |
Notes receivable, net, included within Prepaid expenses and other current assets |  | $ | 2 |  |  | $ | 3 |
Long-term notes receivable, net, included within Other long-term assets |  | $ | 7 |  |  | $ | 7 |
In fiscal 2023, the Company entered into an agreement to sell, on a revolving basis, certain customer accounts receivable to a third-party financial institution. Accounts receivable that the Company is servicing on behalf of the financial institution, which would have otherwise been outstanding as of May 3, 2025 and August 3, 2024, was approximately $417 million and $322 million, respectively. Net proceeds received are included within cash from operating activities in the Condensed Consolidated Statements of Cash Flows in the period of sale. The loss on sale of receivables was $5 million and $6 million for the third quarters of fiscal 2025 and 2024, respectively, and $14 million and $16 million for fiscal 2025 and 2024 year-to-date, respectively, and is recorded within Loss on sale of assets and other asset charges in the Condensed Consolidated Statements of Operations.

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-7 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-15 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
Name: | us-gaap_RevenueFromContractWithCustomerTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration