v3.25.2
FAIR VALUE MEASUREMENTS OF FINANCIAL INSTRUMENTS (Tables)
 12 Months Ended
Aug. 02, 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:
Fair Value at August 2, 2025
(in millions)
Consolidated Balance Sheets Location
Level 1Level 2Level 3
Assets:
Interest rate swaps designated as hedging instruments
Prepaid expenses and other current assets$— $1 $— 
Liabilities:
Interest rate swaps designated as hedging instruments
Other long-term liabilities$— $3 $— 

Fair Value at August 3, 2024
(in millions)
Consolidated Balance Sheets Location
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 $— 
Liabilities:
Fuel derivatives designated as hedging instruments
Accrued expenses and other current liabilities$— $2 $— 
Interest rate swaps designated as hedging instruments
Other long-term liabilities$— $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. Refer to Note 1—Significant Accounting Policies for additional information regarding the fair value hierarchy.
 August 2, 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$1,862 $1,882 $2,085 $2,072