Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jan. 26, 2014

Accumulated Other Comprehensive Income (Loss) [Abstract]

Accumulated Other Comprehensive Income

Accumulated Other Comprehensive Income (Loss)

The components of Accumulated other comprehensive income (loss) consisted of the following:

	Foreign Currency Translation Adjustment (1)			Gains (Losses) on Cash Flow Hedges (2)		Pension and Postretirement Benefit Plan Adjustments (3)			Total Accumulated Comprehensive Income (Loss)
Balance at July 28, 2013	$	170		$	5	$	(740	)	$	(565	)
Other comprehensive income (loss) before reclassifications	(69		)	1		6			(62		)
Amounts reclassified from accumulated other comprehensive income	(19		)	—		30			11
Net current-period other comprehensive income	(88		)	1		36			(51		)
Balance at January 26, 2014	$	82		$	6	$	(704	)	$	(616	)

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⁽¹⁾  Included a tax expense of $7 as of January 26, 2014, and $9 as of July 28, 2013. The amount reclassified from other comprehensive income was related to the divestiture of the European simple meals business.

⁽²⁾  Included a tax expense of $3 as of January 26, 2014, and July 28, 2013.

⁽³⁾  Included a tax benefit of $406 as of January 26, 2014, and $424 as of July 28, 2013.

The amounts reclassified from Accumulated other comprehensive income (loss) consisted of the following:

	Three Months Ended						Six Months Ended
Details about Accumulated Other Comprehensive Income Components	January 26, 2014			January 27, 2013			January 26, 2014			January 27, 2013			Location of (Gain) Loss Recognized in Earnings
	Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)
(Gains) losses on cash flow hedges:
Foreign exchange forward contracts	$	—		$	—		$	(1	)	$	(1	)	Cost of products sold
Foreign exchange forward contracts	(1		)	—			(1		)	—			Other expenses / (income)
Forward starting interest rate swaps	1			1			2			2			Interest expense
Total before tax	—			1			—			1
Tax expense (benefit)	—			—			—			—
(Gain) loss, net of tax	$	—		$	1		$	—		$	1
Amortization of pension and postretirement benefit adjustments:
Prior service credits	$	(1	)	$	(2	)	$	(1	)	$	(2	)	(1)
Net actuarial losses	25			32			47			62			(1)
Total before tax	24			30			46			60
Tax expense (benefit)	(8		)	(10		)	(16		)	(21		)
(Gain) loss, net of tax	$	16		$	20		$	30		$	39

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⁽¹⁾  Net actuarial losses of $2 were recognized in earnings from discontinued operations as a result of the sale of the European simple meals business. Excluding the net actuarial losses related to the sale of the business, these items are included in the components of net periodic benefit costs (see Note 11 for additional details).