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Financial Instruments (Tables)
3 Months Ended
Oct. 27, 2019
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 October 27, 2019, and July 28, 2019:
Balance Sheet ClassificationOctober 27, 2019July 28,
2019
Asset Derivatives
Derivatives designated as hedges:
Foreign exchange forward contractsCurrent assets of discontinued operations$ $—  
Total derivatives designated as hedges$ $—  
Derivatives not designated as hedges:
Commodity derivative contractsOther current assets$ $ 
Deferred compensation derivative contractsOther current assets—   
Foreign exchange forward contractsOther current assets—   
Commodity derivative contractsOther assets —  
Total derivatives not designated as hedges$ $ 
Total asset derivatives$ $ 
 Balance Sheet ClassificationOctober 27, 2019July 28,
2019
Liability Derivatives
Derivatives designated as hedges:
Foreign exchange forward contractsAccrued liabilities$ $—  
Foreign exchange forward contractsCurrent liabilities of discontinued operations—   
Total derivatives designated as hedges$ $ 
Derivatives not designated as hedges:
Commodity derivative contractsAccrued liabilities$ $ 
Foreign exchange forward contractsAccrued liabilities  
Total derivatives not designated as hedges$ $ 
Total liability derivatives$ $10  
Schedule of Offsetting Assets [Table Text Block]
We do not offset the fair values of derivative assets and liabilities executed with the same counterparty that are generally subject to enforceable netting agreements. However, if we were to offset and record the asset and liability balances of derivatives on a net basis, the amounts presented in the Consolidated Balance Sheets as of October 27, 2019, and July 28, 2019, would be adjusted as detailed in the following table:
October 27, 2019July 28, 2019
Derivative InstrumentGross Amounts Presented in the Consolidated Balance SheetGross Amounts Not Offset in the Consolidated Balance Sheet Subject to Netting AgreementsNet AmountGross Amounts Presented in the Consolidated Balance SheetGross Amounts Not Offset in the Consolidated Balance Sheet Subject to Netting AgreementsNet Amount
Total asset derivatives$ $(3) $ $ $(2) $ 
Total liability derivatives$ $(3) $ $10  $(2) $ 
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 October 27, 2019, and July 28, 2019, would be adjusted as detailed in the following table:
October 27, 2019July 28, 2019
Derivative InstrumentGross Amounts Presented in the Consolidated Balance SheetGross Amounts Not Offset in the Consolidated Balance Sheet Subject to Netting AgreementsNet AmountGross Amounts Presented in the Consolidated Balance SheetGross Amounts Not Offset in the Consolidated Balance Sheet Subject to Netting AgreementsNet Amount
Total asset derivatives$ $(3) $ $ $(2) $ 
Total liability derivatives$ $(3) $ $10  $(2) $ 
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-month periods ended October 27, 2019, and October 28, 2018, in other comprehensive income (loss) (OCI) and the Consolidated Statements of Earnings:
 Total Cash-Flow Hedge
OCI Activity
Derivatives Designated as Cash-Flow Hedges October 27,
2019
October 28,
2018
OCI derivative gain (loss) at beginning of year$(11) $(8) 
Amount of (gain) loss reclassified from OCI to earnings:Location in Earnings
Foreign exchange forward contractsEarnings (loss) from discontinued operations —  
Forward starting interest rate swapsInterest expense  
OCI derivative gain (loss) at end of quarter$(9) $(7) 
Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location
The following table shows the effect of our derivative instruments designated as cash-flow hedges for the three-month periods ended October 27, 2019, and October 28, 2018, in the Consolidated Statements of Earnings:
October 27,
2019
October 28,
2018
Earnings (Loss) from Discontinued OperationsInterest
Expense
Interest
Expense
Consolidated Statements of Earnings:$(3) $80  $91  
(Gain) loss on Cash Flow Hedges:
Amount of (gain) loss reclassified from OCI to earnings$ $ $ 
Amount excluded from effectiveness testing recognized in earnings using an amortization approach$—  $—  $—  
Derivatives Not Designated As Hedges [Table Text Block]
The following table shows the effects of our derivative instruments not designated as hedges for the three-month periods ended October 27, 2019, and October 28, 2018, in the Consolidated Statements of Earnings:
Amount of (Gain) Loss Recognized in Earnings on Derivatives
Derivatives not Designated as HedgesLocation of (Gain) Loss
Recognized in Earnings
October 27,
2019
October 28,
2018
Foreign exchange forward contractsOther expenses / (income)$ $—  
Commodity derivative contractsCost of products sold(4)  
Deferred compensation derivative contractsAdministrative expenses(1)  
Total (gain) loss at end of quarter$(3) $