Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Jul. 30, 2023

Equity [Abstract]

Accumulated Other Comprehensive Income

Accumulated Other Comprehensive Income (Loss)

The components of Accumulated other comprehensive income (loss) consisted of the following:

(Millions)	Foreign Currency Translation Adjustments(1)		Cash-Flow Hedges(2)		Pension and Postretirement Benefit Plan Adjustments(3)		Total Accumulated Comprehensive Income (Loss)
Balance at August 2, 2020	$	(10)	$	(7)	$	7	$	(10)
Other comprehensive income (loss) before reclassifications	16		(4)		—		12
Losses (gains) reclassified from accumulated other comprehensive income (loss)	—		7		(4)		3
Net current-period other comprehensive income (loss)	16		3		(4)		15
Balance at August 1, 2021	$	6	$	(4)	$	3	$	5
Other comprehensive income (loss) before reclassifications	(6)		14		—		8
Losses (gains) reclassified from accumulated other comprehensive income (loss)	—		(10)		(1)		(11)
Net current-period other comprehensive income (loss)	(6)		4		(1)		(3)
Balance at July 31, 2022	$	—	$	—	$	2	$	2
Other comprehensive income (loss) before reclassifications	(1)		4		—		3
Losses (gains) reclassified from accumulated other comprehensive income (loss)	—		(8)		—		(8)
Net current-period other comprehensive income (loss)	(1)		(4)		—		(5)
Balance at July 30, 2023	$	(1)	$	(4)	$	2	$	(3)

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(1)Included no tax as of July 30, 2023, July 31, 2022, August 1, 2021, and August 2, 2020.

(2)Included a tax benefit of $1 million as of July 30, 2023, no tax as of July 31, 2022, and a tax benefit of $1 million as of August 1, 2021 and August 2, 2020.

(3)Included tax expense of $1 million as of as of July 30, 2023, July 31, 2022 and August 1, 2021, and $2 million as of August 2, 2020.

Amounts related to noncontrolling interests were not material.

The amounts reclassified from Accumulated other comprehensive income (loss) consisted of the following:

(Millions)	2023		2022		2021		Location of Loss (Gain) Recognized in Earnings
Losses (gains) on cash-flow hedges:
Commodity contracts	$	(3)	$	(14)	$	—	Cost of products sold
Foreign exchange forward contracts	(8)		1		6		Cost of products sold
Foreign exchange forward contracts	—		—		1		Other expenses / (income)
Forward starting interest rate swaps	1		1		1		Interest expense
Total before tax	(10)		(12)		8
Tax expense (benefit)	2		2		(1)
Loss (gain), net of tax	$	(8)	$	(10)	$	7
Pension and postretirement benefit adjustments:
Prior service credit	$	—	$	(1)	$	(5)	Other expenses / (income)
Tax expense (benefit)	—		—		1
Loss (gain), net of tax	$	—	$	(1)	$	(4)