Pension And Postretirement Benefits

6 Months Ended

Jan. 30, 2022

Retirement Benefits [Abstract]

Pension And Postretirement Benefits

Pension and Postretirement Benefits

Components of net benefit expense (income) were as follows:

	Three Months Ended								Six Months Ended
	Pension				Postretirement				Pension				Postretirement
(Millions)	January 30, 2022		January 31, 2021		January 30, 2022		January 31, 2021		January 30, 2022		January 31, 2021		January 30, 2022		January 31, 2021
Service cost	$	5	$	4	$	—	$	—	$	9	$	9	$	—	$	—
Interest cost	11		10		1		1		21		20		2		2
Expected return on plan assets	(32)		(30)		—		—		(62)		(61)		—		—
Amortization of prior service cost	—		—		(1)		(1)		—		—		(1)		(2)
Actuarial losses (gains)	(10)		(30)		—		—		(4)		(34)		—		—
Net periodic benefit expense (income)	$	(26)	$	(46)	$	—	$	—	$	(36)	$	(66)	$	1	$	—

Actuarial losses (gains) related to the remeasurements of U.S. and Canadian pension plans. These remeasurements were each due to lump sum distributions that exceeded or are expected to exceed service and interest costs resulting in settlement accounting for the plans. The actuarial gains recognized for the three- and six-month periods ended January 30, 2022 were primarily due to an increase in discount rates used to determine the benefit obligation, partially offset by lower than anticipated investment returns on plan assets. The actuarial gains recognized for the three- and six-month periods ended January 31, 2021 were primarily due to higher than anticipated investment returns on plan assets.