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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Aug. 02, 2020
Jul. 28, 2019
Jul. 29, 2018
Cash flows from operating activities:      
Net earnings $ 1,628 $ 211 $ 261
Adjustments to reconcile net earnings to operating cash flow      
Impairment charges 0 393 748
Restructuring charges 9 31 62
Stock-based compensation 61 58 61
Amortization of inventory fair value adjustment from acquisition 0 0 42
Pension and postretirement benefit expense (income) 93 103 (187)
Depreciation and amortization 328 446 394
Deferred income taxes (6) 14 (133)
Net (gain) loss on sales of businesses (975) 32 0
Loss on extinguishment of debt 75 0 0
Investment losses [1] 49 1 10
Other 101 24 24
Changes in working capital, net of acquisitions and divestitures      
Accounts receivable (30) (11) 56
Inventories (20) 36 (84)
Prepaid assets (3) (1) 27
Accounts payable and accrued liabilities 145 125 78
Other (59) (64) (54)
Net cash provided by operating activities 1,396 1,398 1,305
Cash flows from investing activities:      
Purchases of plant assets (299) (384) (407)
Purchases of route businesses (11) (29) (9)
Sales of route businesses 11 31 10
Business acquired, net of cash acquired 0 (18) (6,772)
Sales of businesses, net of cash divested 2,537 539 0
Proceeds from sale of investment 30 0 0
Other 4 14 (19)
Net cash provided by (used) in investing activities 2,272 153 (7,197)
Cash flows from financing activities:      
Short-term borrowings, including revolving line of credit 5,617 5,839 10,222
Short-term repayments, including revolving line of credit (6,909) (6,296) (9,944)
Long-term borrowings 1,000 0 6,224
Long-term repayments (499) (702) (63)
Dividends paid (426) (423) (426)
Treasury stock purchases 0 0 (86)
Treasury stock issuances 23 0 0
Payments related to tax withholding for stock-based compensation (12) (8) (23)
Payment related to extinguishment of debt (1,769) 0 0
Repurchase of noncontrolling interest 0 0 (47)
Payments of debt issuance costs (12) (1) (50)
Net cash provided by (used in) financing activities (2,987) (1,591) 5,807
Effect of exchange rate changes on cash (1) (7) (8)
Net change in cash and cash equivalents 680 (47) (93)
Cash and cash equivalents - beginning of period 31 49 37
Cash and cash equivalents discontinued operations - beginning of period 148 177 282
Cash and cash equivalents discontinued operations - end of period 0 148 177
Cash and cash equivalents - end of period $ 859 $ 31 $ 49
[1] 2020 includes a loss of $45 related to Acre. See Note 16 for additional information.