Financial Instruments (Tables)

6 Months Ended

Jan. 28, 2018

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 28, 2018, and July 30, 2017:

	Balance Sheet Classification	January 28, 2018		July 30, 2017
Asset Derivatives
Derivatives designated as hedges:
Foreign exchange forward contracts	Other current assets	$	1	$	3
Forward starting interest rate swaps	Other current assets	10		—
Total derivatives designated as hedges		$	11	$	3
Derivatives not designated as hedges:
Commodity derivative contracts	Other current assets	$	5	$	5
Deferred compensation derivative contracts	Other current assets	3		1
Treasury rate lock contracts	Other current assets	1		—
Commodity derivative contracts	Other assets	—		1
Total derivatives not designated as hedges		$	9	$	7
Total asset derivatives		$	20	$	10

	Balance Sheet Classification	January 28, 2018		July 30, 2017
Liability Derivatives
Derivatives designated as hedges:
Foreign exchange forward contracts	Accrued liabilities	$	—	$	1
Forward starting interest rate swaps	Accrued liabilities	—		22
Total derivatives designated as hedges		$	—	$	23
Derivatives not designated as hedges:
Commodity derivative contracts	Accrued liabilities	$	2	$	1
Foreign exchange forward contracts	Accrued liabilities	6		19
Foreign exchange forward contracts	Other liabilities	—		1
Total derivatives not designated as hedges		$	8	$	21
Total liability derivatives		$	8	$	44

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 28, 2018, and July 30, 2017, would be adjusted as detailed in the following table:

	January 28, 2018							July 30, 2017
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	$	20	$	(6	)	$	14	$	10	$	(3	)	$	7
Total liability derivatives	$	8	$	(6	)	$	2	$	44	$	(3	)	$	41

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 28, 2018, and July 30, 2017, would be adjusted as detailed in the following table:

	January 28, 2018							July 30, 2017
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	$	20	$	(6	)	$	14	$	10	$	(3	)	$	7
Total liability derivatives	$	8	$	(6	)	$	2	$	44	$	(3	)	$	41

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 28, 2018, and January 29, 2017, 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 28, 2018			January 29, 2017
Three Months Ended
OCI derivative gain (loss) at beginning of quarter		$	(27	)	$	(49	)
Effective portion of changes in fair value recognized in OCI:
Foreign exchange forward contracts		(5		)	(2		)
Forward starting interest rate swaps		7			19
Amount of (gain) loss reclassified from OCI to earnings:	Location in Earnings
Foreign exchange forward contracts	Cost of products sold	2			3
Foreign exchange forward contracts	Other expenses / (income)	—			1
Forward starting interest rate swaps	Interest expense	1			1
OCI derivative gain (loss) at end of quarter		$	(22	)	$	(27	)
Six Months Ended
OCI derivative gain (loss) at beginning of year		$	(34	)	$	(64	)
Effective portion of changes in fair value recognized in OCI:
Foreign exchange forward contracts		1			1
Forward starting interest rate swaps		10			29
Amount of (gain) loss reclassified from OCI to earnings:	Location in Earnings
Foreign exchange forward contracts	Cost of products sold	—			4
Foreign exchange forward contracts	Other expenses / (income)	—			1
Forward starting interest rate swaps	Interest expense	1			2
OCI derivative gain (loss) at end of quarter		$	(22	)	$	(27	)

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 28, 2018			January 29, 2017			January 28, 2018			January 29, 2017
Foreign exchange forward contracts	Cost of products sold	$	—		$	(1	)	$	—		$	(1	)
Foreign exchange forward contracts	Other expenses / (income)	—			—			(1		)	—
Commodity derivative contracts	Cost of products sold	(2		)	(2		)	—			(6		)
Deferred compensation derivative contracts	Administrative expenses	(4		)	(4		)	(5		)	(2		)
Treasury rate lock contracts	Interest expense	(1		)	—			(1		)	—
Total		$	(7	)	$	(7	)	$	(7	)	$	(9	)