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Leases (Tables)
 12 Months Ended
Jul. 31, 2022
Leases [Abstract]  
Lease, Cost
The components of lease costs were as follows:
(Millions)202220212020
Operating lease cost$79 $80 $81 
Finance lease - amortization of ROU assets17 6 2 
Short-term lease cost56 48 39 
Variable lease cost(1)
202 201 172 
Sublease income
— (2)(3)
Total(2)
$354 $333 $291 
__________________________________________
(1)Includes labor and other overhead included in our service contracts with embedded leases.
(2)Total lease cost in 2020 included $4 million related to discontinued operations.
Schedule of Leases Reported in Balance Sheet [Table]
The following table summarizes the lease amounts recorded in the Consolidated Balance Sheets:
 Operating Leases
(Millions)Balance Sheet Classification20222021
ROU assets, netOther assets$239 $235 
Lease liabilities (current)Accrued liabilities$62 $54 
Lease liabilities (noncurrent)Other liabilities$177 $180 
Financing Leases
(Millions)Balance Sheet Classification20222021
ROU assets, netPlant assets, net of depreciation$28 $29 
Lease liabilities (current)Short-term borrowings$14 $11 
Lease liabilities (noncurrent)Long-term debt$16 $19 
Weighted Average Lease Information [Table]
Weighted-average lease terms and discount rates were as follows:
 July 31, 2022August 1, 2021
OperatingFinanceOperatingFinance
Weighted-average remaining term in years5.72.46.43.1
Weighted-average discount rate2.2 %0.8 %2.3 %0.8 %
Lessee, Operating Lease, Liability, Maturity
Future minimum lease payments are as follows:
July 31, 2022
(Millions)OperatingFinance
2023$66 $14 
202453 10 
202540 3 
202627 3 
202722 — 
Thereafter49 — 
Total future undiscounted lease payments257 30 
Less imputed interest18 — 
Total reported lease liability$239 $30 
Finance Lease, Liability, Fiscal Year Maturity
Future minimum lease payments are as follows:
July 31, 2022
(Millions)OperatingFinance
2023$66 $14 
202453 10 
202540 3 
202627 3 
202722 — 
Thereafter49 — 
Total future undiscounted lease payments257 30 
Less imputed interest18 — 
Total reported lease liability$239 $30 
Schedule of Supplemental Cash Flow Information Related to Leases [Table]
The following table summarizes cash flow and other information related to leases:
(Millions)20222021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$78 $79 
Financing cash flows from finance leases$17 $5 
ROU assets obtained in exchange for lease obligations:
Operating leases$79 $59 
Finance leases
$16 $25