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Fair Value Measurements (Tables)
 3 Months Ended
Nov. 02, 2014
Fair Value Disclosures [Abstract]  
Fair Value, Assets And Liabilities Measured on Recurring Basis
The following table presents our financial assets and liabilities that are measured at fair value on a recurring basis as of November 2, 2014, and August 3, 2014, consistent with the fair value hierarchy:
 
 
Fair Value
as of
November 2,
2014
 
Fair Value Measurements at
November 2, 2014 Using
Fair Value Hierarchy
 
Fair Value
as of
August 3,
2014
 
Fair Value Measurements at
August 3, 2014 Using
Fair Value Hierarchy
 
Level 1
 
Level 2
 
Level 3
 
Level 1
 
Level 2
 
Level 3
Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Forward starting interest rate swaps(1)
$
5

 
$
—

 
$
5

 
$
—

 
$
11

 
$
—

 
$
11

 
$
—

Foreign exchange forward contracts(2)
3

 
—

 
3

 
—

 
2

 
—

 
2

 
—

Commodity derivative contracts(3)
1

 
—

 
1

 
—

 
2

 
1

 
1

 
—

Deferred compensation derivative contracts(4)
1

 
—

 
1

 
—

 
—

 
—

 
—

 
—

Cross-currency swap contracts(5)
8

 
—

 
8

 
—

 
—

 
—

 
—

 
—

Total assets at fair value
$
18

 
$
—

 
$
18

 
$
—

 
$
15

 
$
1

 
$
14

 
$
—


 
Fair Value
as of
November 2,
2014
 
Fair Value Measurements at
November 2, 2014 Using
Fair Value Hierarchy
 
Fair Value
as of
August 3,
2014
 
Fair Value Measurements at
August 3, 2014 Using
Fair Value Hierarchy
 
Level 1
 
Level 2
 
Level 3
 
Level 1
 
Level 2
 
Level 3
Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Foreign exchange forward contracts(2)
$
3

 
$
—

 
$
3

 
$
—

 
$
3

 
$
—

 
$
3

 
$
—

Cross-currency swap contracts(5)
—

 
—

 
—

 
—

 
6

 
—

 
6

 
—

Commodity derivative contracts(3)
13

 
13

 
—

 
—

 
11

 
11

 
—

 
—

Deferred compensation derivative contracts(4)
—

 
—

 
—

 
—

 
3

 
—

 
3

 
—

Deferred compensation obligation(6)
129

 
129

 
—

 
—

 
123

 
123

 
—

 
—

Total liabilities at fair value
$
145

 
$
142

 
$
3

 
$
—

 
$
146

 
$
134

 
$
12

 
$
—

___________________________________ 
(1) 
Based on LIBOR swap rates.
(2) 
Based on observable market transactions of spot currency rates and forward rates.
(3) 
Based on quoted futures exchanges and on observable prices of futures and options transactions in the marketplace.
(4) 
Based on LIBOR and equity index swap rates.
(5) 
Based on observable local benchmarks for currency and interest rates.
(6) 
Based on the fair value of the participants’ investments.