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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Jul. 30, 2017
Jul. 31, 2016
Aug. 02, 2015
Cash flows from operating activities:      
Net earnings $ 887 $ 563 $ 666
Adjustments to reconcile net earnings to operating cash flow      
Impairment charges [1] 212 141 6
Restructuring charges 18 31 102
Stock-based compensation 60 64 57
Pension and postretirement benefit expense (income) (258) 317 118
Depreciation and amortization 318 308 303
Deferred income taxes 93 (30) (49)
Other, net 18 6 15
Changes in working capital, net of acquisitions      
Accounts receivable 28 24 12
Inventories 46 59 (18)
Prepaid assets (27) 9 10
Accounts payable and accrued liabilities (48) 15 30
Pension fund contributions (5) (2) (5)
Net receipts from hedging activities 2 44 11
Other (53) (58) (52)
Net cash provided by operating activities 1,291 1,491 1,206
Cash flows from investing activities:      
Purchases of plant assets (338) (341) (380)
Sales of plant assets 0 5 15
Business acquired, net of cash acquired 0 0 (232)
Other, net (30) (18) (6)
Net cash used in investing activities (368) (354) (603)
Cash flows from financing activities:      
Net short-term borrowings (repayments) 245 (762) 100
Long-term borrowings 211 215 300
Long-term repayments (90) 0 0
Repayments of notes payable (400) 0 (309)
Dividends paid (420) (390) (394)
Treasury stock purchases (437) (143) (244)
Treasury stock issuances 2 2 9
Contributions from noncontrolling interest 0 0 9
Payments related to tax withholding for stock-based compensation (22) (21) (18)
Other, net 0 0 (3)
Net cash used in financing activities (911) (1,099) (550)
Effect of exchange rate changes on cash 11 5 (32)
Net change in cash and cash equivalents 23 43 21
Cash and cash equivalents - beginning of period 296 253 232
Cash and cash equivalents - end of period $ 319 $ 296 $ 253
[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.