Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Oct. 29, 2023

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 July 31, 2022	$	—	$	—	$	2	$	2
Other comprehensive income (loss) before reclassifications	(8)		5		—		(3)
Losses (gains) reclassified from accumulated other comprehensive income (loss)	—		(3)		—		(3)
Net current-period other comprehensive income (loss)	(8)		2		—		(6)
Balance at October 30, 2022	$	(8)	$	2	$	2	$	(4)

Balance at July 30, 2023	$	(1)	$	(4)	$	2	$	(3)
Other comprehensive income (loss) before reclassifications	(9)		6		—		(3)
Losses (gains) reclassified from accumulated other comprehensive income (loss)	—		—		—		—
Net current-period other comprehensive income (loss)	(9)		6		—		(3)
Balance at October 29, 2023	$	(10)	$	2	$	2	$	(6)

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(1)Included no tax as of October 29, 2023, July 30, 2023, October 30, 2022 and July 31, 2022.

(2)Included tax expense of $1 million as of October 29, 2023, a tax benefit of $1 million as of July 30, 2023, tax expense of $1 million as of October 30, 2022 and no tax as of July 31, 2022.

(3)Included tax expense of $1 million as of October 29, 2023, July 30, 2023, October 30, 2022 and July 31, 2022.

Amounts related to noncontrolling interests were not material.

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


	Three Months Ended
(Millions)	October 29, 2023		October 30, 2022		Location of Loss (Gain) Recognized in Earnings







Losses (gains) on cash-flow hedges:
Commodity contracts	$	—	$	(3)	Cost of products sold
Foreign exchange forward contracts	—		(1)		Cost of products sold



Total before tax	—		(4)
Tax expense (benefit)	—		1
Loss (gain), net of tax	$	—	$	(3)