Leases

6 Months Ended

Jan. 28, 2024

Leases [Abstract]

cpb_LeaseDisclosureTextBlock

Leases

The components of lease costs were as follows:

	Three Months Ended				Six Months Ended
(Millions)	January 28, 2024		January 29, 2023		January 28, 2024		January 29, 2023
Operating lease cost(1)	$	24	$	20	$	48	$	40
Finance lease - amortization of right-of-use (ROU) assets	4		4		8		8
Short-term lease cost	16		17		35		34
Variable lease cost	49		53		102		103
Total	$	93	$	94	$	193	$	185

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(1)Excludes costs associated with the cost savings initiatives described in Note 6.

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

	Operating Leases
(Millions)	Balance Sheet Classification	January 28, 2024		July 30, 2023
ROU assets, net	Other assets	$	276	$	275
Lease liabilities (current)	Accrued liabilities	$	73	$	70
Lease liabilities (noncurrent)	Other liabilities	$	225	$	208
	Finance Leases
(Millions)	Balance Sheet Classification	January 28, 2024		July 30, 2023
ROU assets, net	Plant assets, net of depreciation	$	33	$	27
Lease liabilities (current)	Short-term borrowings	$	14	$	13
Lease liabilities (noncurrent)	Long-term debt	$	21	$	15

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

	Six Months Ended
(Millions)	January 28, 2024		January 29, 2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	46	$	40
Financing cash flows from finance leases	$	8	$	8
ROU assets obtained in exchange for lease obligations:
Operating leases	$	63	$	30
Finance leases	$	15	$	1