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Pension And Postretirement Benefits (Tables)
12 Months Ended
Jul. 28, 2024
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Net Benefit Costs [Table Text Block]
Components of net periodic benefit expense (income) were as follows:
PensionPostretirement
(Millions)202420232022202420232022
Service cost$13 $13 $16 $ $— $— 
Interest cost65 73 49 8 
Expected return on plan assets(80)(100)(118)   
Amortization of prior service credit —  (1)(1)
Actuarial losses (gains)33 (6)80  (9)(36)
Net periodic benefit expense (income)$31 $(19)$27 $8 $(3)$(34)
Schedule of Changes in Projected Benefit Obligations [Table Text Block]
Change in benefit obligation:
PensionPostretirement
(Millions)2024202320242023
Obligation at beginning of year$1,257 $1,737 $153 $172 
Service cost13 13  — 
Interest cost65 73 8 
Actuarial losses (gains)38 (108) (9)
Benefits paid(101)(104)(16)(17)
Settlements (352) — 
Other(1)—  — 
Foreign currency adjustment(4)(2) — 
Benefit obligation at end of year$1,267 $1,257 $145 $153 
Schedule of Amounts Recognized in Balance Sheet [Table Text Block]
Net amounts recognized in the Consolidated Balance Sheets:
 PensionPostretirement
(Millions)2024202320242023
Other assets$143 $164 $ $— 
Accrued liabilities10 10 17 18 
Other liabilities93 95 128 135 
Net amounts recognized asset / (liability)$40 $59 $(145)$(153)
Amounts recognized in Accumulated other comprehensive income (loss) consist of:
(Millions)Postretirement
20242023
Prior service credit (cost)$3 $
Defined Benefit Plan, Assumptions [Table Text Block]
Weighted-average assumptions used to determine benefit obligations at the end of the year:
 PensionPostretirement
 2024202320242023
Discount rate5.28%5.46%5.23%5.47%
Rate of compensation increase3.23%3.23%3.25%3.25%
Interest crediting rate4.00%4.00%Not applicable
Schedule of Expected Benefit Payments [Table Text Block]
Estimated future benefit payments are as follows:
(Millions)PensionPostretirement
2025$130 $17 
2026$121 $16 
2027$115 $15 
2028$111 $14 
2029$105 $13 
2030-2034$484 $56 
Pension Plan, Defined Benefit [Member]  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Changes in Fair Value of Plan Assets [Table Text Block]
Change in the fair value of pension plan assets:
(Millions)20242023
Fair value at beginning of year$1,316 $1,763 
Actual return on plan assets86 (1)
Employer contributions1 
Benefits paid(91)(91)
Settlements (352)
Foreign currency adjustment(5)(4)
Fair value at end of year$1,307 $1,316 
Defined Benefit Plan, Plan with Projected Benefit Obligation in Excess of Plan Assets [Table Text Block]
The following table provides information for pension plans with projected benefit obligations in excess of plan assets and accumulated benefit obligations in excess of plan assets:
(Millions)20242023
Projected benefit obligation$103 $105 
Accumulated benefit obligation$102 $104 
Fair value of plan assets$ $— 
Defined Benefit Plan, Assumptions [Table Text Block]
Weighted-average assumptions used to determine net periodic benefit cost for the years ended:
 Pension
 202420232022
Discount rate5.46%5.03%3.13%
Expected return on plan assets6.38%6.40%5.82%
Rate of compensation increase3.23%3.23%3.23%
Interest crediting rate4.00%4.00%4.00%
Schedule of Allocation of Plan Assets [Table Text Block]
Our year-end pension plan weighted-average asset allocations by category were:
 Strategic Target20242023
Equity securities20%20%27%
Debt securities74%73%66%
Real estate and other6%7%7%
Total100%100%100%
Pension plan assets are categorized based on the following fair value hierarchy:
Level 1: Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets.
Level 2: Inputs other than quoted prices included in Level 1 that are observable for the asset or liability through corroboration with observable market data.
Level 3: Unobservable inputs, which are valued based on our estimates of assumptions that market participants would use in pricing the asset or liability.
The following table presents our pension plan assets by asset category at July 28, 2024, and July 30, 2023:
 
Fair Value
as of
July 28, 2024
Fair Value Measurements at
July 28, 2024 Using
Fair Value Hierarchy
Fair Value
as of
July 30, 2023
Fair Value Measurements at
July 30, 2023 Using
Fair Value Hierarchy
(Millions)Level 1Level 2Level 3Level 1Level 2Level 3
Short-term investments
$3 $1 $2 $ $$$$— 
Equities:
U.S.1  1  53 51 — 
Non-U.S.    116 115 — 
Corporate bonds:
U.S.416  416  448 — 448 — 
Non-U.S.85  85  87 — 87 — 
Government and agency bonds:
U.S.326  326  183 — 183 — 
Non-U.S.16  16  14 — 14 — 
Municipal bonds4  4  15 — 15 — 
Mortgage and asset backed securities
    19 — 19 — 
Real estate1   1 — 
Hedge funds7   7 — — 
Derivative assets1  1  — — 
Derivative liabilities(1) (1) (3)— (3)— 
Total assets at fair value
$859 $1 $850 $8 $953 $170 $774 $
Investments measured at net asset value:
Short-term investments
$46 $69 
Commingled equity funds259 158 
Commingled fixed income funds77 79 
Real estate65 73 
Hedge funds 
Total investments measured at net asset value:
$447 $381 
Other items to reconcile to fair value
1 (18)
Total pension plan assets at fair value
$1,307 $1,316 
Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets [Table Text Block]
The following table summarizes the changes in fair value of Level 3 investments for the years ended July 28, 2024, and July 30, 2023:
(Millions)Real EstateHedge FundsTotal
Fair value at July 30, 2023
$$$
Actual return on plan assets (1)(1)
Purchases, sales and settlements, net   
Transfers out of Level 3   
Fair value at July 28, 2024
$1 $7 $8 
(Millions)Real EstateHedge FundsTotal
Fair value at July 31, 2022
$$11 $13 
Actual return on plan assets— (1)(1)
Purchases, sales and settlements, net(1)(2)(3)
Transfers out of Level 3— — — 
Fair value at July 30, 2023
$$$
Other Postretirement Benefit Plans, Defined Benefit [Member]  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Health Care Cost Trend Rates [Table Text Block]
Assumed health care cost trend rates at the end of the year:
 20242023
Health care cost trend rate assumed for next year6.50%6.50%
Rate to which the cost trend rate is assumed to decline (ultimate trend rate)5.00%5.00%
Year that the rate reaches the ultimate trend rate20302030