Financial Instruments (Tables)

6 Months Ended

Jan. 29, 2017

General Discussion of Derivative Instruments and Hedging Activities [Abstract]

Schedule Of The Fair Value Of Derivative Instruments [Table Text Block]

The following table summarizes the fair value of derivative instruments on a gross basis as recorded in the Consolidated Balance Sheets as of January 29, 2017, and July 31, 2016:

	Balance Sheet Classification	January 29, 2017		July 31, 2016
Asset Derivatives
Derivatives designated as hedges:
Foreign exchange forward contracts	Other current assets	$	—	$	1
Total derivatives designated as hedges		$	—	$	1
Derivatives not designated as hedges:
Commodity derivative contracts	Other current assets	$	5	$	3
Deferred compensation derivative contracts	Other current assets	1		1
Total derivatives not designated as hedges		$	6	$	4
Total asset derivatives		$	6	$	5

	Balance Sheet Classification	January 29, 2017		July 31, 2016
Liability Derivatives
Derivatives designated as hedges:
Foreign exchange forward contracts	Accrued liabilities	$	2	$	4
Forward starting interest rate swaps	Accrued liabilities	15		—
Forward starting interest rate swaps	Other liabilities	—		44
Total derivatives designated as hedges		$	17	$	48
Derivatives not designated as hedges:
Commodity derivative contracts	Accrued liabilities	$	3	$	4
Deferred compensation derivative contracts	Accrued liabilities	—		1
Foreign exchange forward contracts	Accrued liabilities	1		7
Total derivatives not designated as hedges		$	4	$	12
Total liability derivatives		$	21	$	60

Schedule of Offsetting Assets [Table Text Block]

We do not offset the fair values of derivative assets and liabilities executed with the same counterparty that are generally subject to enforceable netting agreements. However, if we were to offset and record the asset and liability balances of derivatives on a net basis, the amounts presented in the Consolidated Balance Sheets as of January 29, 2017, and July 31, 2016, would be adjusted as detailed in the following table:

	January 29, 2017							July 31, 2016
Derivative Instrument	Gross Amounts Presented in the Consolidated Balance Sheet		Gross Amounts Not Offset in the Consolidated Balance Sheet Subject to Netting Agreements			Net Amount		Gross Amounts Presented in the Consolidated Balance Sheet		Gross Amounts Not Offset in the Consolidated Balance Sheet Subject to Netting Agreements			Net Amount
Total asset derivatives	$	6	$	(4	)	$	2	$	5	$	(4	)	$	1
Total liability derivatives	$	21	$	(4	)	$	17	$	60	$	(4	)	$	56

Schedule of Offsetting Liabilities [Table Text Block]

We do not offset the fair values of derivative assets and liabilities executed with the same counterparty that are generally subject to enforceable netting agreements. However, if we were to offset and record the asset and liability balances of derivatives on a net basis, the amounts presented in the Consolidated Balance Sheets as of January 29, 2017, and July 31, 2016, would be adjusted as detailed in the following table:

	January 29, 2017							July 31, 2016
Derivative Instrument	Gross Amounts Presented in the Consolidated Balance Sheet		Gross Amounts Not Offset in the Consolidated Balance Sheet Subject to Netting Agreements			Net Amount		Gross Amounts Presented in the Consolidated Balance Sheet		Gross Amounts Not Offset in the Consolidated Balance Sheet Subject to Netting Agreements			Net Amount
Total asset derivatives	$	6	$	(4	)	$	2	$	5	$	(4	)	$	1
Total liability derivatives	$	21	$	(4	)	$	17	$	60	$	(4	)	$	56

Schedule Of Changes In Cash-Flow Hedges In Other Comprehensive Income (Loss) [Table Text Block]

The following tables show the effect of our derivative instruments designated as cash-flow hedges for the three- and six-month periods ended January 29, 2017, and January 31, 2016, in other comprehensive income (loss) (OCI) and the Consolidated Statements of Earnings:

		Total Cash-Flow Hedge OCI Activity
Derivatives Designated as Cash-Flow Hedges		January 29, 2017			January 31, 2016
Three Months Ended
OCI derivative gain (loss) at beginning of quarter		$	(49	)	$	(20	)
Effective portion of changes in fair value recognized in OCI:
Foreign exchange forward contracts		(2		)	8
Forward starting interest rate swaps		19			(10		)
Amount of (gain) loss reclassified from OCI to earnings:	Location in Earnings
Foreign exchange forward contracts	Cost of products sold	3			(4		)
Foreign exchange forward contracts	Other expenses / (income)	1			(1		)
Forward starting interest rate swaps	Interest expense	1			1
OCI derivative gain (loss) at end of quarter		$	(27	)	$	(26	)
Six Months Ended
OCI derivative gain (loss) at beginning of year		$	(64	)	$	(10	)
Effective portion of changes in fair value recognized in OCI:
Foreign exchange forward contracts		1			8
Forward starting interest rate swaps		29			(18		)
Amount of (gain) loss reclassified from OCI to earnings:	Location in Earnings
Foreign exchange forward contracts	Cost of products sold	4			(6		)
Foreign exchange forward contracts	Other expenses / (income)	1			(2		)
Forward starting interest rate swaps	Interest expense	2			2
OCI derivative gain (loss) at end of quarter		$	(27	)	$	(26	)

Derivatives Not Designated As Hedges [Table Text Block]

The following table shows the effects of our derivative instruments not designated as hedges in the Consolidated Statements of Earnings:

		Amount of (Gain) Loss Recognized in Earnings on Derivatives
Derivatives not Designated as Hedges	Location of (Gain) Loss Recognized in Earnings	Three Months Ended						Six Months Ended
		January 29, 2017			January 31, 2016			January 29, 2017			January 31, 2016
Foreign exchange forward contracts	Cost of products sold	$	(1	)	$	1		$	(1	)	$	1
Foreign exchange forward contracts	Other expenses / (income)	—			1			—			1
Cross-currency swap contracts	Other expenses / (income)	—			(12		)	—			(12		)
Commodity derivative contracts	Cost of products sold	(2		)	7			(6		)	9
Deferred compensation derivative contracts	Administrative expenses	(4		)	—			(2		)	—
Total		$	(7	)	$	(3	)	$	(9	)	$	(1	)