XML 81 R36.htm IDEA: XBRL DOCUMENT v3.3.0.814
Pension And Postretirement Benefits (Tables)
12 Months Ended
Aug. 02, 2015
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Changes in Projected Benefit Obligations [Table Text Block]
Change in benefit obligation:
 
 
Pension
 
Postretirement
 
 
2015
 
2014
 
2015
 
2014
Obligation at beginning of year
 
$
2,539

 
$
2,489

 
$
388

 
$
390

Service cost
 
28

 
42

 
2

 
2

Interest cost
 
105

 
115

 
15

 
17

Actuarial loss
 
107

 
154

 
7

 
5

Participant contributions
 

 

 
3

 
6

Benefits paid
 
(151
)
 
(191
)
 
(33
)
 
(35
)
Medicare subsidies
 

 

 
4

 
3

Other
 
(1
)
 
(4
)
 

 

Settlements
 

 
(43
)
 

 

Curtailment
 
1

 

 
6

 

Foreign currency adjustment
 
(59
)
 
(12
)
 

 

Divestiture
 

 
(11
)
 

 

Benefit obligation at end of year
 
$
2,569

 
$
2,539

 
$
392

 
$
388

Schedule of Amounts Recognized in Balance Sheet [Table Text Block]
Amounts recognized in the Consolidated Balance Sheets:
 
 
Pension
 
Postretirement
 
 
2015
 
2014
 
2015
 
2014
Other assets
 
$

 
$
7

 
$

 
$

Accrued liabilities
 
(20
)
 
(12
)
 
(30
)
 
(29
)
Other liabilities
 
(233
)
 
(170
)
 
(362
)
 
(359
)
Net amount recognized
 
$
(253
)
 
$
(175
)
 
$
(392
)
 
$
(388
)

 
 
Pension
 
Postretirement
Amounts recognized in accumulated other comprehensive loss consist of:
 
2015
 
2014
 
2015
 
2014
Net actuarial loss
 
$
1,051

 
$
1,019

 
$
90

 
$
96

Prior service credit
 
(1
)
 
(2
)
 
(4
)
 
(5
)
Total
 
$
1,050

 
$
1,017

 
$
86

 
$
91

Schedule of Assumptions Used [Table Text Block]
Weighted-average assumptions used to determine benefit obligations at the end of the year:
 
 
Pension
 
Postretirement
 
 
2015
 
2014
 
2015
 
2014
Discount rate
 
4.19%
 
4.33%
 
4.00%
 
4.00%
Rate of compensation increase
 
3.29%
 
3.30%
 
3.25%
 
3.25%
Schedule of Expected Benefit Payments [Table Text Block]
Estimated future benefit payments are as follows:
 
 
Pension
 
Postretirement
2016
 
$
246

 
$
30

2017
 
$
169

 
$
31

2018
 
$
165

 
$
31

2019
 
$
168

 
$
31

2020
 
$
165

 
$
31

2021-2025
 
$
828

 
$
141

Pension Plan, Defined Benefit [Member]  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Net Benefit Costs [Table Text Block]
Components of benefit expense were as follows:
 
Pension
 
2015
 
2014
 
2013
Service cost
$
28

 
$
42

 
$
57

Interest cost
105

 
115

 
108

Expected return on plan assets
(173
)
 
(176
)
 
(177
)
Amortization of prior service credit
(1
)
 
(1
)
 
(1
)
Recognized net actuarial loss
84

 
76

 
108

Curtailment loss
1

 

 
3

Settlement charges

 
22

 

Net periodic benefit expense
$
44

 
$
78

 
$
98

Schedule of Changes in Fair Value of Plan Assets [Table Text Block]
Change in the fair value of pension plan assets:
 
 
2015
 
2014
Fair value at beginning of year
 
$
2,364

 
$
2,275

Actual return on plan assets
 
143

 
276

Employer contributions
 
5

 
46

Benefits paid
 
(141
)
 
(179
)
Settlements
 

 
(43
)
Foreign currency adjustment
 
(55
)
 
(11
)
Fair value at end of year
 
$
2,316

 
$
2,364

Schedule of Benefit Obligations in Excess of Fair Value of Plan Assets [Table Text Block]
The following table provides information for pension plans with accumulated benefit obligations in excess of plan assets:
 
 
2015
 
2014
Projected benefit obligation
 
$
1,926

 
$
269

Accumulated benefit obligation
 
$
1,906

 
$
257

Fair value of plan assets
 
$
1,684

 
$
92

Schedule of Assumptions Used [Table Text Block]
Weighted-average assumptions used to determine net periodic benefit cost for the years ended:
 
 
Pension
 
 
2015
 
2014
 
2013
Discount rate
 
4.33%
 
4.82%
 
4.05%
Expected return on plan assets
 
7.62%
 
7.62%
 
7.65%
Rate of compensation increase
 
3.30%
 
3.30%
 
3.31%
Schedule of Allocation of Plan Assets [Table Text Block]
Our year-end pension plan weighted-average asset allocations by category were:
 
Strategic Target
 
2015
 
2014
Equity securities
51%
 
50%
 
51%
Debt securities
35%
 
34%
 
33%
Real estate and other
14%
 
16%
 
16%
Net periodic benefit expense
100%
 
100%
 
100%
Pension plan assets are categorized based on the following fair value hierarchy:
Level 1: Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets.
Level 2: Inputs other than quoted prices included in Level 1 that are observable for the asset or liability through corroboration with observable market data.
Level 3: Unobservable inputs, which are valued based on our estimates of assumptions that market participants would use in pricing the asset or liability.
The following table presents our pension plan assets by asset category at August 2, 2015, and August 3, 2014:
 
Fair Value
as of
August 2,
2015
 
Fair Value Measurements at
August 2, 2015 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
Short-term investments
$
32

 
$
32

 
$

 
$

 
$
23

 
$
23

 
$

 
$

Equities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S.
386

 
386

 

 

 
378

 
378

 

 

Non-U.S.
312

 
312

 

 

 
332

 
332

 

 

Corporate bonds:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S.
494

 

 
494

 

 
469

 

 
469

 

Non-U.S.
102

 

 
102

 

 
114

 

 
114

 

Government and agency bonds:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S.
42

 

 
42

 

 
62

 

 
62

 

Non-U.S.
36

 

 
36

 

 
46

 

 
46

 

Municipal bonds
68

 

 
68

 

 
84

 

 
84

 

Mortgage and asset backed securities
9

 

 
9

 

 
13

 

 
13

 

Real estate
14

 
8

 

 
6

 
8

 
5

 

 
3

Hedge funds
39

 

 

 
39

 
30

 

 

 
30

Derivative assets
5

 

 
5

 

 
8

 

 
8

 

Derivative liabilities
(6
)
 

 
(6
)
 

 
(6
)
 

 
(6
)
 

Total assets at fair value
$
1,533

 
$
738

 
$
750

 
$
45

 
$
1,561

 
$
738

 
$
790

 
$
33

Investments measured at net asset value:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Short-term investments
28

 
 
 
 
 
 
 
37

 
 
 
 
 
 
Commingled funds:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Equities
375

 
 
 
 
 
 
 
393

 
 
 
 
 
 
Fixed income
31

 
 
 
 
 
 
 
36

 
 
 
 
 
 
Blended
79

 
 
 
 
 
 
 
95

 
 
 
 
 
 
Real estate
117

 
 
 
 
 
 
 
109

 
 
 
 
 
 
Hedge funds
175

 
 
 
 
 
 
 
151

 
 
 
 
 
 
Total investments measured at net asset value:
805

 
 
 
 
 
 
 
821

 
 
 
 
 
 
Other items to reconcile to fair value of plan assets
(22
)
 
 
 
 
 
 
 
(18
)
 
 
 
 
 
 
Total pension assets at fair value
$
2,316

 
 
 
 
 
 
 
$
2,364

 
 
 
 
 
 
Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets [Table Text Block]
The following table summarizes the changes in fair value of Level 3 investments for the years ended August 2, 2015, and August 3, 2014:
 
 
Real Estate
 
Hedge Funds
 
Total
Fair value at August 3, 2014
 
$
3

 
$
30

 
$
33

Actual return on plan assets
 
1

 
2

 
3

Purchases
 
2

 
7

 
9

Sales
 

 

 

Settlements
 

 

 

Transfers out of Level 3
 

 

 

Fair value at August 2, 2015
 
$
6

 
$
39

 
$
45

 
 
Real Estate
 
Hedge Funds
 
Total
Fair value at July 28, 2013
 
$

 
$
25

 
$
25

Actual return on plan assets
 

 
1

 
1

Purchases
 
3

 
4

 
7

Sales
 

 

 

Settlements
 

 

 

Transfers out of Level 3
 

 

 

Fair value at August 3, 2014
 
$
3

 
$
30

 
$
33

Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Table Text Block]
The following table presents additional information about the pension plan assets valued using NAV as a practical expedient within the fair value hierarchy table.
 
 
2015
 
2014
 
 
 
 
 
 
 
 
 
Fair Value
 
Unfunded Commitments
 
Fair Value
 
Unfunded Commitments
 
Redemption Frequency
 
Redemption Notice Period Range
Short-term investments
 
$
28

 
$

 
$
37

 
$

 
Daily
 
1 Day
Commingled funds:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Equities
 
375

 

 
393

 

 
Daily,
Monthly
 
1
to
120 Days
Fixed income
 
31

 

 
36

 

 
Daily
 
1 Day
Blended
 
79

 

 
95

 

 
Primarily Daily
 
1
to
20 Days
Real estate funds
 
117

 
3

 
109

 
7

 
Primarily Quarterly
 
1
to
90 Days
Hedge funds
 
175

 
25

 
151

 
47

 
Monthly,
Quarterly
 
5
to
95 Days
Total
 
$
805

 
$
28

 
$
821

 
$
54

 
 
 
 
 
 
 
Other Postretirement Benefit Plans, Defined Benefit [Member]  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Net Benefit Costs [Table Text Block]
 
Postretirement
 
2015
 
2014
 
2013
Service cost
$
2

 
$
2

 
$
3

Interest cost
15

 
17

 
15

Amortization of prior service credit
(1
)
 
(1
)
 
(1
)
Recognized net actuarial loss
14

 
13

 
15

Curtailment loss
6

 

 

Net periodic benefit expense
$
36

 
$
31

 
$
32

Schedule of Health Care Cost Trend Rates [Table Text Block]
Assumed health care cost trend rates at the end of the year:
 
 
2015
 
2014
Health care cost trend rate assumed for next year
 
7.75%
 
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
 
2022
 
2022
Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates [Table Text Block]
A one-percentage-point change in assumed health care costs would have the following effects on 2015 reported amounts:
 
 
Increase
 
Decrease
Effect on service and interest cost
 
$
1

 
$
(1
)
Effect on the 2015 accumulated benefit obligation
 
$
25

 
$
(22
)