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Supplemental Financial Statement Data
 12 Months Ended
Jul. 30, 2017
Disclosure Text Block Supplement [Abstract]  
Supplemental Financial Information Data
Supplemental Financial Statement Data
Balance Sheets
 
2017
 
2016
Accounts receivable
 
 
 
Customer accounts receivable
$
561

 
$
566

Allowances
(11
)
 
(12
)
Subtotal
$
550

 
$
554

Other
55

 
72

 
$
605

 
$
626

 
 
 
 
Inventories
 
 
 
Raw materials, containers and supplies
$
377

 
$
391

Finished products
525

 
549

 
$
902

 
$
940

 
 
 
 
Other current assets
 
 
 
Fair value of derivatives
$
9

 
$
5

Other
65

 
41

 
$
74

 
$
46

 
 
 
 
Plant assets
 
 
 
Land
$
64

 
$
58

Buildings
1,553

 
1,488

Machinery and equipment
4,231

 
4,042

Projects in progress
195

 
176

Total cost
$
6,043

 
$
5,764

Accumulated depreciation(1)
(3,589
)
 
(3,357
)
 
$
2,454

 
$
2,407

 
 
 
 
Other assets
 
 
 
Investments
$
69

 
$
47

Deferred taxes
36

 
41

Other
34

 
19

 
$
139

 
$
107


 
2017
 
2016
Accrued liabilities
 
 
 
Accrued compensation and benefits
$
241

 
$
263

Fair value of derivatives
43

 
16

Accrued trade and consumer promotion programs
131

 
130

Accrued interest
34

 
35

Restructuring
24

 
57

Other
88

 
103

 
$
561

 
$
604

 
 
 
 
Other liabilities
 
 
 
Pension benefits
$
261

 
$
501

Deferred compensation(2)
96

 
100

Postretirement benefits
247

 
285

Fair value of derivatives
1

 
44

Unrecognized tax benefits
34

 
31

Restructuring
2

 
17

Other
56

 
61

 
$
697

 
$
1,039

____________________________________ 
(1) 
Depreciation expense was $299 in 2017, $288 in 2016 and $286 in 2015. 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.
(2) 
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 Short-Term Investment Fund. 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.

Statements of Earnings
 
2017
 
2016
 
2015
Other expenses / (income)
 
 
 
 
 
Amortization of intangible assets
$
19

 
$
20

 
$
17

Impairment of intangible assets(1)
212

 
141

 
6

Claim settlement(2)
—

 
(25
)
 
—

Other
7

 
(5
)
 
1

 
$
238

 
$
131

 
$
24

 
 
 
 
 
 
Advertising and consumer promotion expense(3)
$
389

 
$
397

 
$
385

 
 
 
 
 
 
Interest expense
 
 
 
 
 
Interest expense
$
114

 
$
118

 
$
111

Less: Interest capitalized
2

 
3

 
3

 
$
112

 
$
115

 
$
108

____________________________________ 
(1) 
In 2017, we recognized impairment charges of $212 related to the intangible assets of the Bolthouse Farms carrot and carrot ingredients reporting unit and the Garden Fresh Gourmet reporting unit; in 2016, we recognized an impairment charge of $141 related to the intangible assets of the Bolthouse Farms carrot and carrot ingredients reporting unit; and in 2015, we recognized an impairment charge of $6 related to minor trademarks used in the Global Biscuits and Snacks segment. See also Note 5.
(2) 
In 2016, we recorded a gain of $25 from a settlement of a claim related to the Kelsen acquisition.
(3) 
Included in Marketing and selling expenses.
Statements of Cash Flows
 
2017
 
2016
 
2015
Cash Flows from Operating Activities
 
 
 
 
 
Other
 
 
 
 
 
Benefit related payments
$
(53
)
 
$
(55
)
 
$
(53
)
Other
—

 
(3
)
 
1

 
$
(53
)
 
$
(58
)
 
$
(52
)
 
 
 
 
 
 
Other Cash Flow Information
 
 
 
 
 
Interest paid
$
110

 
$
113

 
$
111

Interest received
$
5

 
$
4

 
$
3

Income taxes paid
$
320

 
$
325

 
$
333