Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Aug. 02, 2020

Equity [Abstract]

Accumulated Other Comprehensive Income

Accumulated Other Comprehensive Income (Loss)

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 30, 2017	$	(84)	$	(22)	$	53	$	(53)
Other comprehensive income (loss) before reclassifications	(70)		16		7		(47)
Amounts reclassified from accumulated other comprehensive income (loss)	—		2		(20)		(18)
Net current-period other comprehensive income (loss)	(70)		18		(13)		(65)
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	(68)		(2)		—		(70)
Amounts reclassified from accumulated other comprehensive income (loss)(5)	2		—		(21)		(19)
Net current-period other comprehensive income (loss)	(66)		(2)		(21)		(89)
Balance at July 28, 2019	$	(218)	$	(9)	$	29	$	(198)
Other comprehensive income (loss) before reclassifications	(2)		2		—		—
Amounts reclassified from accumulated other comprehensive income (loss)(5)	210		—		(22)		188
Net current-period other comprehensive income (loss)	208		2		(22)		188
Balance at August 2, 2020	$	(10)	$	(7)	$	7	$	(10)

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⁽¹⁾Included no tax as of August 2, 2020, a tax expense of $4 as of July 28, 2019, and $6 as of July 29, 2018, and July 31, 2017.

⁽²⁾Included a tax benefit of $1 as of August 2, 2020, $2 as of July 28, 2019, $4 as of July 29, 2018, and $12 as of July 31, 2017.

⁽³⁾Included a tax expense of $2 as of August 2, 2020, $8 as of July 28, 2019, $25 as of July 29, 2018, and $30 as of July 31, 2017.

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

⁽⁵⁾Reflects the reclassification from sale of businesses. See Note 3 for additional information.

Amounts related to noncontrolling interests were not material.

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

Details about Accumulated Other Comprehensive Income (Loss) Components	2020		2019		2018		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	183		2		—		Earnings (loss) from discontinued operations
Total before tax	206		2		—
Tax expense (benefit)	4		—		—
(Gain) loss, net of tax	$	210	$	2	$	—
(Gains) losses on cash flow hedges:
Foreign exchange forward contracts	$	(2)	$	(4)	$	5	Cost of products sold
Foreign exchange forward contracts	1		2		(4)		Earnings (loss) from discontinued operations
Forward starting interest rate swaps	1		2		2		Interest expense
Total before tax	—		—		3
Tax expense (benefit)	—		—		(1)
(Gain) loss, net of tax	$	—	$	—	$	2
Pension and postretirement benefit adjustments:
Prior service credit	$	(28)	$	(28)	$	(27)	Other expenses / (income)
Tax expense (benefit)	6		7		7
(Gain) loss, net of tax	$	(22)	$	(21)	$	(20)