Leases

9 Months Ended

May 01, 2022

Leases [Abstract]

Lessee, Operating Leases

Leases

The components of lease costs were as follows:

	Three Months Ended				Nine Months Ended
(Millions)	May 1, 2022		May 2, 2021		May 1, 2022		May 2, 2021
Operating lease cost	$	19	$	20	$	58	$	60
Finance lease - amortization of right-of-use (ROU) assets	4		1		12		3
Short-term lease cost	15		11		42		32
Variable lease cost(1)	49		45		150		137
Sublease income	—		(1)		—		(2)
Total	$	87	$	76	$	262	$	230

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(1)Includes labor and other overhead in our service contracts with embedded leases.

The following tables summarize the lease amounts recorded in the Consolidated Balance Sheets:

	Operating Leases
(Millions)	Balance Sheet Classification	May 1, 2022		August 1, 2021
ROU assets, net	Other assets	$	246	$	235
Lease liabilities (current)	Accrued liabilities	$	58	$	54
Lease liabilities (noncurrent)	Other liabilities	$	187	$	180
	Finance Leases
(Millions)	Balance Sheet Classification	May 1, 2022		August 1, 2021
ROU assets, net	Plant assets, net of depreciation	$	32	$	29
Lease liabilities (current)	Short-term borrowings	$	15	$	11
Lease liabilities (noncurrent)	Long-term debt	$	18	$	19

The following table summarizes cash flow and other information related to leases:

	Nine Months Ended
(Millions)	May 1, 2022		May 2, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	58	$	60
Financing cash flows from finance leases	$	12	$	3
ROU assets obtained in exchange for lease obligations:
Operating leases	$	67	$	39
Finance leases	$	15	$	4