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Pension And Postretirement Benefits (Tables)
12 Months Ended
Jul. 29, 2012
Defined Benefit Plan Disclosure [Line Items]  
Schedule Of Change In Benefit Obligations
Change in benefit obligation:
 
 
Pension
 
Postretirement
 
 
2012
 
2011
 
2012
 
2011
Obligation at beginning of year
 
$
2,388

 
$
2,275

 
$
374

 
$
362

Service cost
 
55

 
58

 
3

 
3

Interest cost
 
122

 
121

 
18

 
18

Actuarial loss
 
361

 
61

 
47

 
15

Participant contributions
 

 

 
6

 
5

Benefits paid
 
(157
)
 
(146
)
 
(38
)
 
(34
)
Medicare subsidies
 

 

 
3

 
5

Other
 
(5
)
 
(4
)
 

 

Plan amendments
 

 
(1
)
 

 

Settlement
 

 
(8
)
 

 

Foreign currency adjustment
 
(16
)
 
32

 

 

Benefit obligation at end of year
 
$
2,748

 
$
2,388

 
$
413

 
$
374

Schedule of Amounts Recognized in the Consolidated Balance Sheets
Amounts recognized in the Consolidated Balance Sheets:
 
 
Pension
 
Postretirement
 
 
2012
 
2011
 
2012
 
2011
Accrued liabilities
 
$
(12
)
 
$
(10
)
 
$
(27
)
 
$
(30
)
Other liabilities
 
(618
)
 
(319
)
 
(386
)
 
(344
)
Net amount recognized
 
$
(630
)
 
$
(329
)
 
$
(413
)
 
$
(374
)

 
 
Pension
 
Postretirement
Amounts recognized in accumulated other comprehensive loss consist of:
 
2012
 
2011
 
2012
 
2011
Net actuarial loss
 
$
1,486

 
$
1,179

 
$
133

 
$
95

Prior service credit
 
(3
)
 
(3
)
 
(8
)
 
(9
)
Total
 
$
1,483

 
$
1,176

 
$
125

 
$
86

Schedule of Assumed Health Care Cost Trend Rates
Assumed health care cost trend rates at the end of the year:
 
 
2012
 
2011
Health care cost trend rate assumed for next year
 
8.25%
 
8.25%
Rate to which the cost trend rate is assumed to decline (ultimate trend rate)
 
4.50%
 
4.50%
Year that the rate reaches the ultimate trend rate
 
2020
 
2019
Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Costs
A one-percentage-point change in assumed health care costs would have the following effects on 2012 reported amounts:
 
 
Increase
 
Decrease
Effect on service and interest cost
 
$
1

 
$

Effect on the 2012 accumulated benefit obligation
 
$
35

 
$
(10
)
Schedule Of Pension Plan Weighted-Average Asset Allocations By Category
The company’s year-end pension plan weighted-average asset allocations by category were:
 
Strategic Target
 
2012
 
2011
Equity securities
51%
 
48%
 
50%
Debt securities
35%
 
36%
 
35%
Real estate and other
14%
 
16%
 
15%
Net periodic benefit expense
100%
 
100%
 
100%
Schedule Of Pension Plan Assets By Category
The following table presents the company’s pension plan assets by asset category at July 29, 2012 and July 31, 2011:
 
Fair Value
as of
July 29,
2012
 
Fair Value Measurements at
July 29, 2012 Using
Fair Value Hierarchy
 
Fair Value
as of
July 31,
2011
 
Fair Value Measurements at
July 31, 2011 Using
Fair Value Hierarchy
 
Level 1
 
Level 2
 
Level 3
 
Level 1
 
Level 2
 
Level 3
Short-term investments
$
70

 
$
44

 
$
26

 
$

 
$
51

 
$
5

 
$
46

 
$

Equities:
 
 


 


 


 


 


 


 


U.S.
357

 
357

 

 

 
396

 
396

 

 

Non-U.S.
289

 
289

 

 

 
267

 
267

 

 

Corporate bonds:
 
 


 


 


 
 
 


 


 


U.S.
444

 

 
444

 

 
414

 

 
414

 

Non-U.S.
91

 

 
91

 

 
88

 

 
88

 

Government and agency bonds:
 
 


 


 


 
 
 


 


 


U.S.
33

 

 
33

 

 
9

 

 
9

 

Non-U.S.
30

 

 
30

 

 
31

 

 
31

 

Municipal bonds
75

 

 
75

 

 
42

 

 
42

 

Commingled funds:
 
 


 


 


 
 
 


 


 


Equities
301

 

 
301

 

 
318

 

 
318

 

Fixed income
37

 

 
37

 

 
62

 

 
62

 

Blended
81

 

 
81

 

 
86

 

 
86

 

Mortgage and asset backed securities
14

 

 
14

 

 
27

 

 
27

 

Real estate
85

 
8

 
61

 
16

 
59

 
7

 
33

 
19

Limited partnerships
19

 

 

 
19

 
20

 

 

 
20

Hedge funds
192

 

 
192

 

 
194

 

 
194

 

Total assets at fair value
$
2,118

 
$
698

 
$
1,385

 
$
35

 
$
2,064

 
$
675

 
$
1,350

 
$
39

Other items to reconcile to fair value of plan assets
$

 
 
 
 
 
 
 
$
(5
)
 
 
 
 
 
 
Total pension assets at fair value
$
2,118

 
 
 
 
 
 
 
$
2,059

 
 
 
 
 
 
Pension Plan Assets Changes In Fair Value Of Level 3 Investments
The following table summarizes the changes in fair value of Level 3 investments for the years ended July 29, 2012 and July 31, 2011:
 
 
Real Estate
 
Limited Partnerships
 
Guaranteed Insurance Contracts
 
Total
Fair value at July 31, 2011
 
$
19

 
$
20

 
$

 
$
39

Actual return on plan assets
 
2

 
2

 

 
4

Purchases
 

 

 

 

Sales
 
(5
)
 
(3
)
 

 
(8
)
Settlements
 

 

 

 

Transfers out of Level 3
 

 

 

 

Fair value at July 29, 2012
 
$
16

 
$
19

 
$

 
$
35

 
 
Real Estate
 
Limited Partnerships
 
Guaranteed Insurance Contracts
 
Total
Fair value at August 1, 2010
 
$
18

 
$
24

 
$
8

 
$
50

Actual return on plan assets
 
4

 
4

 
(2
)
 
6

Purchases
 

 

 

 

Sales
 
(3
)
 
(8
)
 

 
(11
)
Settlements
 

 

 
(6
)
 
(6
)
Transfers out of Level 3
 

 

 

 

Fair value at July 31, 2011
 
$
19

 
$
20

 
$

 
$
39

Schedule of Estimated Future Benefit Payments
Estimated future benefit payments are as follows:
 
 
Pension
 
Postretirement
2013
 
$
154

 
$
27

2014
 
$
153

 
$
27

2015
 
$
155

 
$
28

2016
 
$
160

 
$
28

2017
 
$
161

 
$
28

2018-2022
 
$
868

 
$
138

Pension Plans, Defined Benefit [Member]
 
Defined Benefit Plan Disclosure [Line Items]  
Schedule Of Components Of Benefit Expense
Components of net periodic benefit cost:
 
Pension
 
2012
 
2011
 
2010
Service cost
$
55

 
$
58

 
$
55

Interest cost
122

 
121

 
121

Expected return on plan assets
(178
)
 
(178
)
 
(170
)
Amortization of prior service cost

 
1

 
1

Recognized net actuarial loss
74

 
70

 
49

Settlement (gains)/costs

 
(1
)
 
12

Net periodic benefit expense
$
73

 
$
71

 
$
68

Schedule Of Change In Fair Value Of Pension Plan Assets
Change in the fair value of pension plan assets:
 
 
2012
 
2011
Fair value at beginning of year
 
$
2,059

 
$
1,767

Actual return on plan assets
 
149

 
266

Employer contributions
 
71

 
144

Benefits paid
 
(149
)
 
(139
)
Settlement
 

 
(6
)
Foreign currency adjustment
 
(12
)
 
27

Fair value at end of year
 
$
2,118

 
$
2,059

Schedule of Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets
The following table provides information for pension plans with accumulated benefit obligations in excess of plan assets:
 
 
2012
 
2011
Projected benefit obligation
 
$
2,739

 
$
2,194

Accumulated benefit obligation
 
$
2,653

 
$
2,131

Fair value of plan assets
 
$
2,114

 
$
1,891

Other Postretirement Benefit Plans, Defined Benefit [Member]
 
Defined Benefit Plan Disclosure [Line Items]  
Schedule Of Components Of Benefit Expense
 
Postretirement
 
2012
 
2011
 
2010
Service cost
$
3

 
$
3

 
$
3

Interest cost
18

 
18

 
19

Amortization of prior service cost/(credit)
(1
)
 
(1
)
 
1

Recognized net actuarial loss
9

 
7

 
1

Net periodic benefit expense
$
29

 
$
27

 
$
24

Benefit Obligation [Member]
 
Defined Benefit Plan Disclosure [Line Items]  
Weighted-Average Assumptions Used To Determine Benefit Costs
Weighted-average assumptions used to determine benefit obligations at the end of the year:
 
 
Pension
 
Postretirement
 
 
2012
 
2011
 
2012
 
2011
Discount rate
 
4.05
%
 
5.41
%
 
3.75
%
 
5.00
%
Rate of compensation increase
 
3.31
%
 
3.31
%
 
3.25
%
 
3.25
%
Net Periodic Benefit Cost [Member]
 
Defined Benefit Plan Disclosure [Line Items]  
Weighted-Average Assumptions Used To Determine Benefit Costs
Weighted-average assumptions used to determine net periodic benefit cost for the years ended:
 
 
Pension
 
 
2012
 
2011
 
2010
Discount rate
 
5.41
%
 
5.46
%
 
6.00
%
Expected return on plan assets
 
7.90
%
 
8.15
%
 
8.13
%
Rate of compensation increase
 
3.31
%
 
3.29
%
 
3.29
%