NOTE 10—COMPREHENSIVE INCOME (LOSS) AND ACCUMULATED OTHER COMPREHENSIVE LOSS
Changes in Accumulated other comprehensive loss by component, net of tax, for fiscal 2026 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 2, 2025 | | $ | — | | | $ | (16) | | | $ | (23) | | | $ | (3) | | | $ | (42) | | | Other comprehensive income before reclassifications | | 4 | | | — | | | 1 | | | 3 | | | 8 | | | Amortization of amounts included in net periodic benefit income | | — | | | — | | | — | | | — | | | — | | | Amortization of cash flow hedges | | (1) | | | — | | | — | | | (1) | | | (2) | | | Net current period Other comprehensive income | | 3 | | | — | | | 1 | | | 2 | | | 6 | | | Accumulated other comprehensive income (loss) at May 2, 2026 | | $ | 3 | | | $ | (16) | | | $ | (22) | | | $ | (1) | | | $ | (36) | | | | | | | | | | | | |
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) | | | | | | | | | | | | |
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 2, 2026 | | May 3, 2025 | | May 2, 2026 | | May 3, 2025 | | | Pension and postretirement benefit plan net assets: | | | | | | | | | | | Amortization of amounts included in net periodic benefit income(1) | | $ | — | | | $ | 1 | | | $ | — | | | $ | 1 | | | Net periodic benefit income, excluding service cost | | Income tax benefit | | — | | | — | | | — | | | — | | | Provision (benefit) for income taxes | | Total reclassifications, net of tax | | $ | — | | | $ | 1 | | | $ | — | | | $ | 1 | | | | | | | | | | | | | | | | Swap agreements: | | | | | | | | | | | | Reclassification of cash flow hedges | | $ | — | | | $ | (1) | | | $ | (2) | | | $ | (7) | | | Interest expense, net | | Income tax expense | | 1 | | | — | | | 1 | | | 2 | | | Provision (benefit) for income taxes | | Total reclassifications, net of tax | | $ | 1 | | | $ | (1) | | | $ | (1) | | | $ | (5) | | | | | | | | | | | | | | | | Other cash flow hedges: | | | | | | | | | | | | Reclassification of cash flow hedge | | $ | (1) | | | $ | — | | | $ | (1) | | | $ | (2) | | | Cost of sales | | Income tax expense | | — | | | — | | | — | | | 1 | | | Provision (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 11—Benefit Plans.
As of May 2, 2026, the Company expects to reclassify $4 million related to unrealized derivative gains out of Accumulated other comprehensive loss and primarily into Interest expense, net during the following twelve-month period.
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