Leases (Tables)

9 Months Ended

Apr. 28, 2024

Leases [Abstract]

Lease, Cost

The components of lease costs were as follows:

	Three Months Ended				Nine Months Ended
(Millions)	April 28, 2024		April 30, 2023		April 28, 2024		April 30, 2023
Operating lease cost(1)	$	25	$	23	$	73	$	63
Finance lease - amortization of right-of-use (ROU) assets	6		4		14		12
Finance lease - interest on lease liabilities	1		—		1		—
Short-term lease cost	15		14		50		48
Variable lease cost	57		52		159		155
Total	$	104	$	93	$	297	$	278

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(1)Excludes costs associated with the cost savings initiatives described in Note 7.

Schedule of Leases Reported in Balance Sheet

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

	Operating Leases
(Millions)	Balance Sheet Classification	April 28, 2024		July 30, 2023
ROU assets, net	Other assets	$	283	$	275
Lease liabilities (current)	Accrued liabilities	$	76	$	70
Lease liabilities (noncurrent)	Other liabilities	$	229	$	208
	Finance Leases
(Millions)	Balance Sheet Classification	April 28, 2024		July 30, 2023
ROU assets, net	Plant assets, net of depreciation	$	61	$	27
Lease liabilities (current)	Short-term borrowings	$	21	$	13
Lease liabilities (noncurrent)	Long-term debt	$	39	$	15

Schedule of Supplemental Cash Flow Information Related to Leases

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

	Nine Months Ended
(Millions)	April 28, 2024		April 30, 2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	70	$	62
Operating cash flows from finance leases	$	1	$	—
Financing cash flows from finance leases	$	15	$	12
ROU assets obtained in exchange for lease obligations:
Operating leases	$	78	$	106
Finance leases	$	35	$	10
ROU assets obtained with business acquired:
Operating leases	$	15	$	—
Finance leases	$	13	$	—