v3.25.1
BUSINESS SEGMENTS
 9 Months Ended
May 03, 2025
Segment Reporting [Abstract]  
BUSINESS SEGMENTS
NOTE 13—BUSINESS SEGMENTS

The Company has two reportable segments: Wholesale and Retail. These reportable segments are two distinct businesses, each with a different customer base, marketing strategy and management structure. The Company organizes and operates the Wholesale reportable segment through three U.S. geographic regions: East, Central and West, and Canada Wholesale, which is operated separately from the U.S. Wholesale business. The U.S. Wholesale and Canada Wholesale operating segments have similar products and services, customer channels, distribution methods and economic characteristics, and therefore have been aggregated into a single reportable segment. Reportable segments are reviewed on an annual basis, or more frequently if events or circumstances indicate a change in reportable segments has occurred.
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 Ended39-Week Period Ended
 (in millions)May 3, 2025April 27, 2024May 3, 2025April 27, 2024
Net sales:
Wholesale(1)
$7,776 $7,236 $23,238 $22,004 
Retail573 571 1,769 1,808 
Other56 50 167 162 
Eliminations(346)(359)(1,086)(1,149)
Total Net sales$8,059 $7,498 $24,088 $22,825 
Adjusted EBITDA:
Wholesale$158 $125 $425 $360 
Retail1 (3)7 4 
Other(3)7 3 14 
Eliminations1 1 1 (3)
Adjustments:
Net income attributable to noncontrolling interests— 1 2 2 
Net periodic benefit income, excluding service cost5 4 15 11 
Interest expense, net(36)(37)(110)(112)
Other income, net— 1 3 2 
Depreciation and amortization(81)(76)(242)(228)
Share-based compensation(10)(10)(28)(26)
LIFO (benefit) charge5 (6)(5)(19)
Restructuring, acquisition and integration related expenses(14)(9)(35)(17)
Loss on sale of assets and other asset charges(28)(13)(39)(37)
Business transformation costs
(14)(11)(40)(40)
Other adjustments— — (2)(4)
Loss before income taxes
$(16)$(26)$(45)$(93)
Depreciation and amortization:
Wholesale$72 $67 $211 $200 
Retail8 9 26 25 
Other1 — 5 3 
Total depreciation and amortization$81 $76 $242 $228 
Payments for capital expenditures:
Wholesale$45 $68 $143 $203 
Retail9 8 14 14 
Total capital expenditures$54 $76 $157 $217 
(1)The Company recorded $290 million and $300 million for the third quarters of fiscal 2025 and 2024, respectively, and $911 million and $951 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)May 3, 2025August 3, 2024
Assets:
Wholesale$6,634 $6,563 
Retail574 606 
Other470 401 
Eliminations(61)(42)
Total assets$7,617 $7,528