v3.25.2
COMPREHENSIVE (LOSS) INCOME AND ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)
12 Months Ended
Aug. 02, 2025
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Loss
Changes in Accumulated other comprehensive loss by component, net of tax, for fiscal 2025, 2024 and 2023 are as follows:
(in millions)Other Cash Flow DerivativesBenefit PlansForeign CurrencySwap AgreementsTotal
Accumulated other comprehensive income (loss) at July 30, 2022$$(3)$(19)$— $(20)
Other comprehensive (loss) income before reclassifications— (20)(2)23 
Amortization of amounts included in net periodic benefit income— — — 
Amortization of cash flow hedges(2)— — (9)(11)
Net current period Other comprehensive (loss) income (2)(18)(2)14 (8)
Accumulated other comprehensive (loss) income at July 29, 2023$— $(21)$(21)$14 $(28)
Other comprehensive (loss) income before reclassifications(2)(3)(3)(1)(9)
Amortization of amounts included in net periodic benefit income— — — 
Amortization of cash flow hedges— — (14)(12)
Net current period Other comprehensive (loss) income— (1)(3)(15)(19)
Accumulated other comprehensive loss at August 3, 2024$— $(22)$(24)$(1)$(47)
Other comprehensive (loss) income before reclassifications(1)
Amortization of amounts included in net periodic benefit income— — — 
Amortization of cash flow hedges— — (6)(5)
Net current period Other comprehensive income (loss)— (2)
Accumulated other comprehensive loss at August 2, 2025$— $(16)$(23)$(3)$(42)
Schedule of Reclassification Out of Accumulated Other Comprehensive (Loss) Income
Items reclassified out of Accumulated other comprehensive loss had the following impact on the Consolidated Statements of Operations:
(in millions)202520242023
Affected Line Item on the Consolidated Statements of Operations
Pension and postretirement benefit plan obligations:
Amortization of amounts included in net periodic benefit (income) cost(1)
$$$Net periodic benefit income, excluding service cost
Income tax benefit— — (1)Benefit for income taxes
Total reclassifications, net of tax$$$
Swap agreements:
Reclassification of cash flow hedge$(9)$(19)$(12)Interest expense, net
Income tax expenseBenefit for income taxes
Total reclassifications, net of tax$(6)$(14)$(9)
Other cash flow hedges:
Reclassification of cash flow hedge$$$(3)Cost of sales
Income tax (benefit) expense(1)— Benefit for income taxes
Total reclassifications, net of tax$$$(2)
(1)Reclassification of amounts included in net periodic benefit income include reclassification of prior service cost and reclassification of net actuarial gain loss as reflected in Note 13—Benefit Plans.