RESTRUCTURING, ACQUISITION AND INTEGRATION RELATED EXPENSES |
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| 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:
Restructuring and Integration Costs Restructuring and integration costs for the third quarter and year-to-date fiscal 2025 primarily relate to costs associated with certain employee severance and other employee separation costs and outsourcing certain corporate functions under restructuring initiatives. Restructuring and integration costs for the third quarter and year-to-date fiscal 2024 primarily relate to costs associated with certain employee severance and other employee separation costs. Restructuring liabilities related to severance and other employee separation costs were $15 million and $16 million as of May 3, 2025 and August 3, 2024, respectively, and are included in Accrued expenses and other current liabilities and Accrued compensation and benefits in the Condensed Consolidated Balance Sheets. Changes in the liability for severance and other employee separation costs for the 39-week period ended May 3, 2025 included $19 million attributable to restructuring and severance-related charges offset by $20 million attributable to cash settlements from the prior period balance. Closed Property Charges and Costs Closed property charges for the third quarters and year-to-date fiscal 2025 and 2024 primarily relate to non-operating distribution centers as the Company optimizes its distribution center network, and non-operating retail stores.
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