COMPREHENSIVE LOSS AND ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)

9 Months Ended

May 03, 2025

Schedule of Accumulated Other Comprehensive Loss

Changes in Accumulated other comprehensive loss by component, net of tax, for fiscal 2025 year-to-date were as follows:


(in millions)	Other Cash Flow Derivatives		Benefit Plans		Foreign Currency Translation		Swap Agreements		Total
Accumulated other comprehensive loss at August 3, 2024	$	—	$	(22)	$	(24)	$	(1)	$	(47)
Other comprehensive income before reclassifications	—		—		1		4		5
Amortization of amounts included in net periodic benefit income	—		1		—		—		1
Amortization of cash flow hedges	(1)		—		—		(5)		(6)
Net current period Other comprehensive (loss) income	(1)		1		1		(1)		—
Accumulated other comprehensive loss at May 3, 2025	$	(1)	$	(21)	$	(23)	$	(2)	$	(47)

Changes in Accumulated other comprehensive loss by component, net of tax, for fiscal 2024 year-to-date were as follows:


(in millions)	Other Cash Flow Derivatives		Benefit Plans		Foreign Currency Translation		Swap Agreements		Total
Accumulated other comprehensive (loss) income at July 29, 2023	$	—	$	(21)	$	(21)	$	14	$	(28)
Other comprehensive income (loss) before reclassifications	1		—		(2)		7		6
Amortization of amounts included in net periodic benefit income	—		1		—		—		1
Amortization of cash flow hedges	(1)		—		—		(11)		(12)
Net current period Other comprehensive income (loss)	—		1		(2)		(4)		(5)
Accumulated other comprehensive (loss) income at April 27, 2024	$	—	$	(20)	$	(23)	$	10	$	(33)

Schedule of Reclassification Out of Accumulated Other Comprehensive Loss

Items reclassified out of Accumulated other comprehensive loss had the following impact on the Condensed Consolidated Statements of Operations:


	13-Week Period Ended				39-Week Period Ended				Affected Line Item on the Condensed Consolidated Statements of Operations
(in millions)	May 3, 2025		April 27, 2024		May 3, 2025		April 27, 2024
Pension and postretirement benefit plan net assets:
Amortization of amounts included in net periodic benefit income(1)	$	1	$	1	$	1	$	2	Net periodic benefit income, excluding service cost
Income tax benefit	—		(1)		—		(1)		Benefit for income taxes
Total reclassifications, net of tax	$	1	$	—	$	1	$	1

Swap agreements:
Reclassification of cash flow hedges	$	(1)	$	(5)	$	(7)	$	(15)	Interest expense, net
Income tax expense	—		1		2		4		Benefit for income taxes
Total reclassifications, net of tax	$	(1)	$	(4)	$	(5)	$	(11)

Other cash flow hedges:
Reclassification of cash flow hedge	$	—	$	(1)	$	(2)	$	(1)	Cost of sales
Income tax expense	—		—		1		—		Benefit for income taxes
Total reclassifications, net of tax	$	—	$	(1)	$	(1)	$	(1)

(1) Reclassification of amounts included in net periodic benefit income include reclassification of prior service cost as reflected in Note 10—Benefit Plans.