XML 133 R112.htm IDEA: XBRL DOCUMENT v3.5.0.2
Supplemental Financial Statement Data (Schedule of Balance Sheets) (Details) - USD ($)
$ in Millions
12 Months Ended
Jul. 31, 2016
Aug. 02, 2015
Aug. 03, 2014
Receivables [Abstract]      
Customer accounts receivable $ 566 $ 570  
Allowances (12) (13)  
Accounts receivable, net current 554 557  
Other receivables 72 90  
Accounts receivable, net 626 647  
Inventory, Net [Abstract]      
Inventory, Raw Materials, Gross 391 427  
Inventory, Finished Goods, Gross 549 568  
Inventories 940 995  
Prepaid Expense and Other Assets, Current [Abstract]      
Deferred Tax Assets, Net of Valuation Allowance, Current [1] 0 114  
Derivative Asset, Current 5 32  
Other Assets, Miscellaneous, Current 41 52  
Other current assets 46 198  
Property, Plant and Equipment, Net [Abstract]      
Land 58 57  
Buildings and Improvements, Gross 1,488 1,416  
Machinery and Equipment, Gross 4,042 3,802  
Construction in Progress, Gross 176 238  
Property, Plant and Equipment, Gross 5,764 5,513  
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment [2] (3,357) (3,166)  
Plant assets, net of depreciation 2,407 2,347 $ 2,318
Other Assets, Noncurrent [Abstract]      
Derivative Asset, Noncurrent 0 22  
Investments 47 10  
Deferred Tax Assets, Net of Valuation Allowance, Noncurrent 41 25  
Other Assets, Miscellaneous, Noncurrent 19 31  
Other assets 107 88  
Other Liabilities, Current [Abstract]      
Employee-related Liabilities, Current 263 255  
Derivative Liability, Current 16 12  
Accrued Marketing Costs, Current 130 125  
Interest Payable, Current 35 35  
Restructuring Reserve, Current 57 54  
Other Accrued Liabilities, Current 103 108  
Accrued liabilities 604 589  
Other Liabilities, Noncurrent [Abstract]      
Defined Benefit Pension Plan, Liabilities, Noncurrent 501 233  
Deferred Compensation Liability, Noncurrent [3] 100 104  
Other Postretirement Benefits Payable, Noncurrent 285 362  
Derivative Liability, Noncurrent 44 8  
Liability for Uncertain Tax Positions, Noncurrent 31 26  
Restructuring Reserve, Noncurrent 17 49  
Other Accrued Liabilities, Noncurrent 61 68  
Other liabilities 1,039 850  
Depreciation $ 288 $ 286 $ 287
Building [Member] | Minimum [Member]      
Property, Plant and Equipment, Net [Abstract]      
Property, Plant and Equipment, Useful Life 7 years    
Building [Member] | Maximum [Member]      
Property, Plant and Equipment, Net [Abstract]      
Property, Plant and Equipment, Useful Life 45 years    
Machinery and Equipment [Member] | Minimum [Member]      
Property, Plant and Equipment, Net [Abstract]      
Property, Plant and Equipment, Useful Life 2 years    
Machinery and Equipment [Member] | Maximum [Member]      
Property, Plant and Equipment, Net [Abstract]      
Property, Plant and Equipment, Useful Life 20 years    
[1] In November 2015, the FASB issued guidance that requires deferred tax liabilities and assets to be classified as noncurrent in the balance sheet. We adopted the guidance in 2016 on a prospective basis and modified the presentation of deferred taxes in the Consolidated Balance Sheet as of July 31, 2016.
[2] Depreciation expense was $288 in 2016, $286 in 2015 and $287 in 2014. Buildings are depreciated over periods ranging from 7 to 45 years. Machinery and equipment are depreciated over periods generally ranging from 2 to 20 years.
[3] The deferred compensation obligation represents unfunded plans maintained for the purpose of providing our directors and certain of our executives the opportunity to defer a portion of their compensation. All forms of compensation contributed to the deferred compensation plans are accounted for in accordance with the underlying program. Deferrals and our contributions are credited to an investment account in the participant's name, although no funds are actually contributed to the investment account and no investments are actually purchased. Seven investment choices are available, including: (1) a book account that tracks the total return on our stock; (2) a book account that tracks the performance of the Vanguard Institutional Index; (3) a book account that tracks the performance of the Vanguard Extended Market Index; (4) a book account that tracks the performance of the Vanguard Total International Stock Index; (5) a book account that tracks the performance of the Vanguard Total Bond Market Index; (6) a book account that tracks the performance of the Vanguard Short-Term Bond Index; and (7) a book account that tracks the BlackRock Liquidity TempFund. Participants can reallocate investments daily and are entitled to the gains and losses on investment funds. We recognize an amount in the Consolidated Statements of Earnings for the market appreciation/depreciation of each fund.