Financial Instruments (Tables)

12 Months Ended

Aug. 02, 2020

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 August 2, 2020, and July 28, 2019:

	Balance Sheet Classification	2020		2019
Asset Derivatives
Derivatives designated as hedges:
Foreign exchange forward contracts	Other current assets	$	1	$	—
Total derivatives designated as hedges		$	1	$	—
Derivatives not designated as hedges:
Commodity derivative contracts	Other current assets	$	7	$	3
Deferred compensation derivative contracts	Other current assets	4		1
Foreign exchange forward contracts	Other current assets	—		1
Total derivatives not designated as hedges		$	11	$	5
Total asset derivatives		$	12	$	5

	Balance Sheet Classification	2020		2019
Liability Derivatives
Derivatives designated as hedges:
Foreign exchange forward contracts	Accrued liabilities	$	2	$	—
Foreign exchange forward contracts	Current liabilities of discontinued operations	—		2
Total derivatives designated as hedges		$	2	$	2
Derivatives not designated as hedges:
Commodity derivative contracts	Accrued liabilities	$	9	$	6
Foreign exchange forward contracts	Accrued liabilities	—		2
Total derivatives not designated as hedges		$	9	$	8
Total liability derivatives		$	11	$	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 August 2, 2020, and July 28, 2019, would be adjusted as detailed in the following table:

	2020						2019
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	$	12	$	(4)	$	8	$	5	$	(2)	$	3
Total liability derivatives	$	11	$	(4)	$	7	$	10	$	(2)	$	8

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 August 2, 2020, and July 28, 2019, would be adjusted as detailed in the following table:

	2020						2019
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	$	12	$	(4)	$	8	$	5	$	(2)	$	3
Total liability derivatives	$	11	$	(4)	$	7	$	10	$	(2)	$	8

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 years ended August 2, 2020, July 28, 2019, and July 29, 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		2020		2019		2018
OCI derivative gain (loss) at beginning of year		$	(11)	$	(8)	$	(34)
Effective portion of changes in fair value recognized in OCI:
Foreign exchange forward contracts		3		(3)		8
Forward starting interest rate swaps		—		—		15
Amount of (gain) loss reclassified from OCI to earnings:	Location in Earnings
Foreign exchange forward contracts	Cost of products sold	(2)		(4)		5
Foreign exchange forward contracts	Earnings (loss) from discontinued operations	1		2		(4)
Forward starting interest rate swaps	Interest expense	1		2		2
OCI derivative gain (loss) at end of year		$	(8)	$	(11)	$	(8)

Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location

The following table shows the total amounts of line items presented in the Consolidated Statements of Earnings for the years ended August 2, 2020, July 28, 2019, and July 29, 2018 in which the effects of derivative instruments designated as cash-flow hedges are recorded and the total effect of hedge activity on these line items are as follows:

	2020						2019						2018
	Cost of products sold		Interest expense		Earnings (loss) from discontinued operations		Cost of products sold		Interest expense		Earnings (loss) from discontinued operations		Cost of products sold		Interest expense		Earnings (loss) from discontinued operations
Consolidated Statements of Earnings:	$	5,692	$	345	$	1,036	$	5,414	$	356	$	(263)	$	4,241	$	183	$	(463)
(Gain) loss on Cash Flow Hedges:
Amount of (gain) loss reclassified from OCI to earnings	$	(2)	$	1	$	1	$	(4)	$	2	$	2	$	5	$	2	$	(4)
Amount excluded from effectiveness testing recognized in earnings using an amortization approach	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Derivatives Not Designated as Hedging Instruments

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	2020		2019		2018
Foreign exchange forward contracts	Cost of products sold	$	(1)	$	—	$	(1)
Foreign exchange forward contracts	Other expenses / (income)	2		—		(1)
Commodity derivative contracts	Cost of products sold	12		6		(2)
Commodity derivative contracts	Earnings (loss) from discontinued operations	—		(1)		—
Deferred compensation derivative contracts	Administrative expenses	(2)		(2)		(2)
Treasury rate lock contracts	Interest expense	(3)		—		(18)
Total		$	8	$	3	$	(24)