Stock-based Compensation (Tables)

9 Months Ended

Apr. 27, 2014

Stock-based Compensation

Schedule Of Stock Option Activity

The following table summarizes stock option activity as of April 27, 2014:

	Options		Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Life	Aggregate Intrinsic Value
	(Options in thousands)				(In years)
Outstanding at July 28, 2013	1,101		$	27.25
Granted	—		$	—
Exercised	(513	)	$	26.61
Terminated	—		$	—
Outstanding at April 27, 2014	588		$	27.82	0.8	$	10
Exercisable at April 27, 2014	588		$	27.82	0.8	$	10

Time-Lapse Restricted Stock Units, EPS Performance Restricted Stock Units And Strategic Performance Restricted Stock Units

The following table summarizes time-lapse restricted stock units, EPS performance restricted stock units and strategic performance restricted stock units as of April 27, 2014:

	Units		Weighted- Average Grant-Date Fair Value
	(Restricted stock units in thousands)
Nonvested at July 28, 2013	4,208		$	34.05
Granted	1,679		$	39.83
Vested	(2,565	)	$	33.23
Forfeited	(282	)	$	37.57
Nonvested at April 27, 2014	3,040		$	37.61

TSR Performance Restricted Stock/Units [Member]

Stock-based Compensation

TSR Performance Restricted Stock Units

The following table summarizes TSR performance restricted stock units as of April 27, 2014:

	Units		Weighted- Average Grant-Date Fair Value
	(Restricted stock units in thousands)
Nonvested at July 28, 2013	1,458		$	41.88
Granted	458		$	36.26
Vested	—		$	—
Forfeited	(1,006	)	$	42.75
Nonvested at April 27, 2014	910		$	38.14

TSR Performance Restricted Stock Units, Assumptions

The company estimated the fair value of TSR performance restricted stock units at the grant date using a Monte Carlo simulation. Assumptions used in the Monte Carlo simulation were as follows:

	2014	2013
Risk-free interest rate	0.60%	0.30%
Expected dividend yield	2.98%	3.26%
Expected volatility	15.76%	15.07%
Expected term	3 years	3 years