XML 24 R12.htm IDEA: XBRL DOCUMENT v3.25.3
RESTRUCTURING, ACQUISITION AND INTEGRATION RELATED EXPENSES
 3 Months Ended
Nov. 01, 2025
Restructuring and Related Activities [Abstract]  
RESTRUCTURING, ACQUISITION AND INTEGRATION RELATED EXPENSES
NOTE 4—RESTRUCTURING, ACQUISITION AND INTEGRATION RELATED EXPENSES

Restructuring, acquisition and integration related expenses were as follows:
13-Week Period Ended
(in millions)November 1, 2025November 2, 2024
Restructuring and integration costs$16 $11 
Closed property charges and costs, net6 1 
Total$22 $12 
Restructuring and Integration Costs

Restructuring and integration costs for the first quarter of fiscal 2026 primarily include an adjustment to previously recorded multiemployer pension plan withdrawal liabilities and costs associated with certain employee severance and other employee separation costs. Restructuring and integration costs for the first quarter of fiscal 2025 primarily relate to costs associated with certain employee severance and other employee separation costs.

Closed Property Charges and Costs

Closed property charges for the first quarters of fiscal 2026 and 2025 primarily relate to non-operating distribution centers as the Company optimizes its distribution center network, and non-operating retail stores.
The following table provides the activity of certain restructuring liabilities for the first quarter of fiscal 2026, which are included in Accrued expenses and other current liabilities and Accrued compensation and benefits in the Condensed Consolidated Balance Sheets:
(in millions)Severance and other employee separation costsContract termination charges and costs
Balances at August 2, 2025
$10 $35 
Restructuring-related charges4 — 
Cash settlements(5)(35)
Balances at November 1, 2025
$9 $— 

Contract Termination Charges and Costs

In the fourth quarter of fiscal 2025, the Company mutually agreed to terminate its supply agreement with a customer in the East region, pursuant to which the Company served as the customer’s primary grocery wholesaler in the Northeast. In connection with this termination agreement, the Company incurred a $53 million charge in the fourth quarter of fiscal 2025 for contract termination payments. The supply agreement terminated on September 6, 2025, and the customer’s conventional products business in the Northeast transitioned to another wholesaler. All installment amounts owed related to the contract termination have been paid as of November 1, 2025.