v3.25.1
FAIR VALUE MEASUREMENTS OF FINANCIAL INSTRUMENTS (Tables)
 9 Months Ended
May 03, 2025
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The following tables provide the fair value hierarchy for financial assets and liabilities measured on a recurring basis:
Condensed Consolidated Balance Sheets LocationFair Value at May 3, 2025
(in millions)Level 1Level 2Level 3
Assets:
Interest rate swaps designated as hedging instrumentsPrepaid expenses and other current assets$— $2 $— 
Liabilities:
Interest rate swaps designated as hedging instrumentsOther long-term liabilities$— $3 $— 
Fuel derivatives designated as hedging instrumentsAccrued expenses and other current liabilities$— $2 $— 

Condensed Consolidated Balance Sheets LocationFair Value at August 3, 2024
(in millions)Level 1Level 2Level 3
Assets:
Interest rate swaps designated as hedging instrumentsPrepaid expenses and other current assets$— $5 $— 
Foreign currency derivatives designated as hedging instrumentsPrepaid expenses and other current assets$— $1 $— 
Liabilities:
Fuel derivatives designated as hedging instrumentsAccrued expenses and other current liabilities$— $2 $— 
Interest rate swaps designated as hedging instrumentsOther long-term liabilities$— $5 $— 
Schedule of Fair Value, By Balance Sheet Grouping In the table below, the carrying value of the Company’s long-term debt is net of original issue discounts and debt issuance costs.
 May 3, 2025August 3, 2024
(in millions)Carrying ValueFair ValueCarrying ValueFair Value
Notes receivable, including current portion$13 $8 $14 $8 
Long-term debt, including current portion$1,962 $1,979 $2,085 $2,072