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Accumulated Other Comprehensive Income (Loss)
 12 Months Ended
Jul. 28, 2024
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 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)
Other comprehensive income (loss) before reclassifications(9)(4)— (13)
Losses (gains) reclassified from accumulated other comprehensive income (loss)
— (1)— (1)
Net current-period other comprehensive income (loss)(9)(5)— (14)
Balance at July 28, 2024
$(10)$(9)$2 $(17)
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(1)Included no tax as of July 28, 2024, July 30, 2023, July 31, 2022, and August 1, 2021.
(2)Included a tax benefit of $2 million as of July 28, 2024, and $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.
(3)Included tax expense of $1 million as of July 28, 2024, July 30, 2023, July 31, 2022, and August 1, 2021.
Amounts related to noncontrolling interests were not material.
The amounts reclassified from Accumulated other comprehensive income (loss) consisted of the following:
(Millions)202420232022Location of Loss (Gain) Recognized in Earnings
Losses (gains) on cash-flow hedges:
Commodity contracts$— $(3)$(14)Cost of products sold
Foreign exchange contracts(3)(8)1 Cost of products sold
Forward starting interest rate swaps2 1 1 Interest expense
Total before tax(1)(10)(12)
Tax expense (benefit)— 2 2 
Loss (gain), net of tax$(1)$(8)$(10)
Pension and postretirement benefit adjustments:
Prior service credit$— $— $(1)Other expenses / (income)
Tax expense (benefit)— — — 
Loss (gain), net of tax$— $— $(1)