Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jan. 31, 2021

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 28, 2019	$	(218)	$	(9)	$	29	$	(198)
Other comprehensive income (loss) before reclassifications	3		1		—		4
Amounts reclassified from accumulated other comprehensive income (loss)(4)	210		—		(11)		199
Net current-period other comprehensive income (loss)	213		1		(11)		203
Balance at January 26, 2020	$	(5)	$	(8)	$	18	$	5
Balance at August 2, 2020	$	(10)	$	(7)	$	7	$	(10)
Other comprehensive income (loss) before reclassifications	10		(6)		—		4
Amounts reclassified from accumulated other comprehensive income (loss)	—		3		(2)		1
Net current-period other comprehensive income (loss)	10		(3)		(2)		5
Balance at January 31, 2021	$	—	$	(10)	$	5	$	(5)

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(1)Included no tax as of January 31, 2021, August 2, 2020, and January 26, 2020 and tax expense of $4 as of July 28, 2019.

(2)Included a tax benefit of $2 as of January 31, 2021, $1 as of August 2, 2020, and January 26, 2020, and $2 as of July 28, 2019.

(3)Included tax expense of $2 as of January 31, 2021, and as of August 2, 2020, $5 as of January 26, 2020, and $8 as of July 28, 2019.

(4)Reflects amounts reclassified 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:

	Three Months Ended				Six Months Ended
Details about Accumulated Other Comprehensive Income (Loss) Components	January 31, 2021		January 26, 2020		January 31, 2021		January 26, 2020		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	$	2	$	(1)	$	2	$	(1)	Cost of products sold
Foreign exchange forward contracts	—		—		—		1		Earnings (loss) from discontinued operations
Forward starting interest rate swaps	1		—		1		1		Interest expense
Total before tax	3		(1)		3		1
Tax expense (benefit)	—		—		—		(1)
(Gain) loss, net of tax	$	3	$	(1)	$	3	$	—
Pension and postretirement benefit adjustments:
Prior service credit	$	(1)	$	(7)	$	(2)	$	(14)	Other expenses / (income)
Tax expense (benefit)	—		2		—		3
(Gain) loss, net of tax	$	(1)	$	(5)	$	(2)	$	(11)