v3.26.1
BUSINESS SEGMENTS (Tables)
 12 Months Ended
Aug. 01, 2026
Segment Reporting [Abstract]  
Schedule of Business Segment Information The following tables provide financial information for each reportable segment, along with a reconciliation to Income (loss) before income taxes:
2026
(in millions)NaturalConventionalRetailTotal
Net sales (revenues from external customers)$17,088 $11,907 $2,157 $31,152 
Intersegment Net sales44 1,067 — 1,111 
17,132 12,974 2,157 $32,263 
Elimination of intersegment Net sales(1,111)
Net sales$31,152 
Less:
Cost of sales
14,906 11,511 1,629 
Distribution expenses
1,308 880 — 
Other(1)
391 313 553 
Segment Adjusted EBITDA527 270 (25)$772 
Adjustments:
Elimination of intersegment profit
2 
Unallocated corporate overhead(73)
Net income attributable to noncontrolling interests— 
Net periodic benefit income, excluding service cost23 
Interest expense, net(126)
Other expense, net(6)
Depreciation and amortization(303)
Share-based compensation(61)
LIFO charge(19)
Restructuring, acquisition, and integration related expenses(52)
Loss (gain) on sale of assets and other asset charges(27)
Multi-employer pension plan withdrawal charges(3)
Other retail expense(1)
Business transformation costs(34)
Cybersecurity incident21 
Other adjustments(11)
Income before income taxes
$102 
(1)Other segment items for each reportable segment include:
•Natural and Conventional – other operating costs such as selling, general and administrative expenses and certain allocated corporate costs
•Retail – other operating costs such as store compensation and occupancy costs, selling and administrative expenses as well as an adjustment for Net income attributable to noncontrolling interests, which is excluded from Adjusted EBITDA
2025
(in millions)NaturalConventionalRetailTotal
Net sales (revenues from external customers)$15,964 $13,478 $2,342 $31,784 
Intersegment Net sales53 1,189 — 1,242 
16,017 14,667 2,342 $33,026 
Elimination of intersegment Net sales(1,242)
Net sales$31,784 
Less:
Cost of sales
13,904 13,137 1,746 
Distribution expenses
1,263 1,003 — 
Other(1)
408 353 590 
Segment Adjusted EBITDA442 174 6 $622 
Adjustments:
Elimination of intersegment loss
(2)
Unallocated corporate overhead(68)
Net income attributable to noncontrolling interests3 
Net periodic benefit income, excluding service cost20 
Interest expense, net(146)
Other income, net3 
Depreciation and amortization(321)
Share-based compensation(43)
LIFO benefit2 
Restructuring, acquisition, and integration related expenses(94)
Loss (gain) on sale of assets and other asset charges(42)
Business transformation costs(47)
Cybersecurity incident(26)
Other adjustments(15)
Loss before income taxes
$(154)
(1)Other segment items for each reportable segment include:
•Natural and Conventional – other operating costs such as selling, general and administrative expenses and certain allocated corporate costs
•Retail – other operating costs such as store compensation and occupancy costs, selling and administrative expenses as well as an adjustment for Net income attributable to noncontrolling interests, which is excluded from Adjusted EBITDA
2024
(in millions)NaturalConventionalRetailTotal
Net sales (revenues from external customers)$14,869 $13,675 $2,436 $30,980 
Intersegment Net sales79 1,271 — 1,350 
14,948 14,946 2,436 $32,330 
Elimination of intersegment Net sales(1,350)
Net sales$30,980 
Less:
Cost of sales
12,939 13,368 1,815 
Distribution expenses
1,230 1,009 — 
Other(1)
429 350 613 
Segment Adjusted EBITDA350 219 8 $577 
Adjustments:
Elimination of intersegment profit
5 
Unallocated corporate overhead(64)
Net income attributable to noncontrolling interests2 
Net periodic benefit income, excluding service cost15 
Interest expense, net(162)
Other income, net2 
Depreciation and amortization(319)
Share-based compensation(37)
LIFO charge(7)
Restructuring, acquisition, and integration related expenses(36)
Loss (gain) on sale of assets and other asset charges(57)
Business transformation costs(52)
Other adjustments(4)
Loss before income taxes
$(137)
(1)Other segment items for each reportable segment include:
•Natural and Conventional – other operating costs such as selling, general and administrative expenses and certain allocated corporate costs
•Retail – other operating costs such as store compensation and occupancy costs, selling and administrative expenses as well as an adjustment for Net income attributable to noncontrolling interests, which is excluded from Adjusted EBITDA
The following table provides other significant items by reportable segment, along with a reconciliation to consolidated totals:
Fiscal Year Ended
 (in millions)
August 1, 2026
(52 weeks)
August 2, 2025
(52 weeks)
August 3, 2024
(53 weeks)
Depreciation and amortization:
Natural$105 $103 $101 
Conventional163 178 172 
Retail32 36 35 
Total segments300 317 308 
Unallocated corporate3 4 11 
Consolidated total$303 $321 $319 
Payments for capital expenditures:
Natural$103 $164 $171 
Conventional74 43 140 
Retail33 20 24 
Total segments210 227 335 
Unallocated corporate7 4 10 
Consolidated total$217 $231 $345