Leases

3 Months Ended

Oct. 30, 2022

Leases [Abstract]

cpb_LeaseDisclosureTextBlock

Leases

The components of lease costs were as follows:

	Three Months Ended
(Millions)	October 30, 2022		October 31, 2021
Operating lease cost	$	20	$	19
Finance lease - amortization of right-of-use (ROU) assets	4		4
Short-term lease cost	17		13
Variable lease cost(1)	50		52
Total	$	91	$	88

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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	October 30, 2022		July 31, 2022
ROU assets, net	Other assets	$	235	$	239
Lease liabilities (current)	Accrued liabilities	$	59	$	62
Lease liabilities (noncurrent)	Other liabilities	$	176	$	177
	Finance Leases
(Millions)	Balance Sheet Classification	October 30, 2022		July 31, 2022
ROU assets, net	Plant assets, net of depreciation	$	24	$	28
Lease liabilities (current)	Short-term borrowings	$	13	$	14
Lease liabilities (noncurrent)	Long-term debt	$	13	$	16

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

	Three Months Ended
(Millions)	October 30, 2022		October 31, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	20	$	19
Financing cash flows from finance leases	$	4	$	4
ROU assets obtained in exchange for lease obligations:
Operating leases	$	15	$	14
Finance leases	$	—	$	13