Accumulated Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jan. 26, 2020

The components of Accumulated other comprehensive income (loss) consisted of the following:


	Foreign Currency Translation Adjustments⁽¹⁾		Gains (Losses) on Cash Flow Hedges⁽²⁾		Pension and Postretirement Benefit Plan Adjustments⁽³⁾		Total Accumulated Comprehensive Income (Loss)
Balance at July 29, 2018	$	(154)	$	(4)	$	40	$	(118)
Cumulative effect of a change in accounting principle⁽⁴⁾	2		(3)		10		9
Other comprehensive income (loss) before reclassifications	(23)		(1)		—		(24)
Amounts reclassified from accumulated other comprehensive income (loss)	—		1		(11)		(10)
Net current-period other comprehensive income (loss)	(23)		—		(11)		(34)
Balance at January 27, 2019	$	(175)	$	(7)	$	39	$	(143)

Balance at July 28, 2019	$	(218)	$	(9)	$	29	$	(198)
Other comprehensive income (loss) before reclassifications	3		1		—		4
Amounts reclassified from accumulated other comprehensive income (loss)⁽⁵⁾	210		—		(11)		199
Net current-period other comprehensive income (loss)	213		1		(11)		203
Balance at January 26, 2020	$	(5)	$	(8)	$	18	$	5

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⁽¹⁾Included a tax expense of $4 as of July 28, 2019, and January 27, 2019, and $6 as of July 29, 2018.

⁽²⁾Included a tax benefit of $1 as of January 26, 2020, $2 as of July 28, 2019, $1 as of January 27, 2019, and $4 as of July 29, 2018.

⁽³⁾Included a tax expense of $5 as of January 26, 2020, $8 as of July 28, 2019, $12 as of January 27, 2019, and $25 as of July 29, 2018.

⁽⁴⁾Reflects the adoption of the FASB guidance on stranded tax effects. See Note 2 for additional information.

⁽⁵⁾Reflects amounts reclassified from sale of businesses. See Note 3 for additional information.

The amounts reclassified from Accumulated other comprehensive income (loss) consisted of the following:


	Three Months Ended						Six Months Ended
Details about Accumulated Other Comprehensive Income (Loss) Components	January 26, 2020		January 27, 2019		January 26, 2020		January 27, 2019		Location of (Gain) Loss Recognized in Earnings
Foreign currency translation adjustments:
Currency translation (gains) losses realized upon disposal of businesses	$	—	$	—	$	23	$	—	Other expenses / (income)
Currency translation (gains) losses realized upon disposal of businesses	124		—		183		—		Earnings (loss) from discontinued operations
Total before tax	124		—		206		—
Tax expense (benefit)	4		—		4		—
(Gain) loss, net of tax	$	128	$	—	$	210	$	—

(Gains) losses on cash flow hedges:
Foreign exchange forward contracts	$	(1)	$	—	$	(1)	$	—	Cost of products sold

Foreign exchange forward contracts	—		—		1		—		Earnings (loss) from discontinued operations
Forward starting interest rate swaps	—		—		1		1		Interest expense
Total before tax	(1)		—		1		1
Tax expense (benefit)	—		—		(1)		—
(Gain) loss, net of tax	$	(1)	$	—	$	—	$	1

Pension and postretirement benefit adjustments:
Prior service credit	$	(7)	$	(7)	$	(14)	$	(14)	Other expenses / (income)
Tax expense (benefit)	2		1		3		3
(Gain) loss, net of tax	$	(5)	$	(6)	$	(11)	$	(11)