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:
Contract Termination Charges and Costs In 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. The supply agreement terminated on September 6, 2025, and the customer’s conventional products business in the Northeast transitioned to another wholesaler. In connection with this termination agreement, the Company incurred a $53 million charge for contract termination payments that was recorded in the fourth quarter of fiscal 2025. The first installment payment of $18 million was paid in the fourth quarter of fiscal 2025 and $35 million remained outstanding as of August 2, 2025. Subsequent to the end of fiscal 2025, an additional $18 million was paid and remaining installments are expected to be paid over a transition period ending in the first quarter of fiscal 2026. Restructuring and Integration Costs Restructuring and integration costs for 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 fiscal 2024 and 2023 primarily relate to costs associated with certain employee severance and other employee separation costs. Closed Property Charges and Costs Closed property charges for fiscal 2025 and 2024 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 restructuring liabilities for fiscal 2025 and fiscal 2024, which are included in Accrued expenses and other current liabilities and Accrued compensation and benefits in the Consolidated Balance Sheets:
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