Financial Instruments (Tables)

3 Months Ended

Oct. 28, 2012

General Discussion of Derivative Instruments and Hedging Activities [Abstract]

Schedule Of The Fair Value Of Derivative Instruments

The following table summarizes the fair value of derivative instruments recorded in the Consolidated Balance Sheets as of October 28, 2012, and July 29, 2012:

	Balance Sheet Classification	October 28, 2012		July 29, 2012
Asset Derivatives
Derivatives designated as hedges:
Foreign exchange forward contracts	Other current assets	$	—	$	1
Forward starting interest rate swaps	Other current assets	—		1
Interest rate swaps	Other current assets	9		4
Forward starting interest rate swaps	Other assets	4		1
Interest rate swaps	Other assets	—		9
Total derivatives designated as hedges		$	13	$	16
Derivatives not designated as hedges:
Commodity derivative contracts	Other current assets	$	6	$	8
Cross-currency swap contracts	Other current assets	8		19
Deferred compensation derivative contracts	Other current assets	—		1
Foreign exchange forward contracts	Other current assets	1		1
Total derivatives not designated as hedges		15		29
Total asset derivatives		$	28	$	45

	Balance Sheet Classification	October 28, 2012		July 29, 2012
Liability Derivatives
Derivatives designated as hedges:
Cross-currency swap contracts	Accrued liabilities	$	25	$	—
Foreign exchange forward contracts	Accrued liabilities	1		—
Cross-currency swap contracts	Other liabilities	—		25
Total derivatives designated as hedges		$	26	$	25
Derivatives not designated as hedges:
Commodity derivative contracts	Accrued liabilities	$	3	$	4
Cross-currency swap contracts	Accrued liabilities	23		25
Deferred compensation derivative contracts	Accrued liabilities	1		—
Cross-currency swap contracts	Other liabilities	28		29
Total derivatives not designated as hedges		$	55	$	58
Total liability derivatives		$	81	$	83

Schedule Of Changes In Cash-Flow Hedges In Other Comprehensive Income (Loss)

The following tables show the effect of the company’s derivative instruments designated as cash-flow hedges for the three-month periods ended October 28, 2012 and October 30, 2011, in other comprehensive income (loss) (OCI) and the Consolidated Statements of Earnings:

Derivatives Designated as Cash-Flow Hedges

		Total Cash-Flow Hedge OCI Activity
Three Months Ended October 28, 2012 and October 30, 2011		2013			2012
OCI derivative gain/(loss) at beginning of year		$	(16	)	$	(31	)
Effective portion of changes in fair value recognized in OCI:
Foreign exchange forward contracts		—			7
Cross-currency swap contracts		—			(1		)
Amount of (gain) or loss reclassified from OCI to earnings:	Location in Earnings
Foreign exchange forward contracts	Cost of products sold	(1		)	1
Foreign exchange forward contracts	Other expenses/income	—			1
Forward starting interest rate swaps	Interest expense	1			1
OCI derivative gain/(loss) at end of quarter		$	(16	)	$	(22	)

Derivatives Designated As Fair-Value Hedges

The following tables show the effect of the company’s derivative instruments designated as fair-value hedges in the Consolidated Statements of Earnings:

		Amount of Gain or (Loss) Recognized in Earnings on Derivatives						Amount of Gain or (Loss) Recognized in Earnings on Hedged Item
Derivatives Designated as Fair-Value Hedges	Location of Gain or (Loss) Recognized in Earnings	October 28, 2012			October 30, 2011			October 28, 2012		October 30, 2011
Interest rate swaps	Interest expense	$	(4	)	$	(5	)	$	4	$	5

Derivatives Not Designated As Hedges

The following table shows the effects of the company’s derivative instruments not designated as hedges in the Consolidated Statements of Earnings:

		Amount of Gain or (Loss) Recognized in Earnings on Derivatives
Derivatives not Designated as Hedges	Location of Gain or (Loss) Recognized in Earnings	October 28, 2012			October 30, 2011
Foreign exchange forward contracts	Cost of products sold	$	—		$	1
Cross-currency swap contracts	Other expenses/income	(8		)	23
Commodity derivative contracts	Cost of products sold	—			(5		)
Deferred compensation derivative contracts	Administrative expenses	2			1
Total		$	(6	)	$	20