Stock-based Compensation (Tables)

12 Months Ended

Jul. 28, 2024

Stock-based Compensation

Summary of Stock-based Compensation Expense [Table Text Block]

Total pre-tax stock-based compensation expense and tax-related benefits recognized in the Consolidated Statements of Earnings were as follows:

(Millions)	2024		2023		2022
Total pre-tax stock-based compensation expense(1)	$	99	$	63	$	59
Tax-related benefits	$	13	$	12	$	10

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(1)Includes $26 million of expense related to accelerated vesting of certain Replacement units in 2024.

Share-based Payment Arrangement, Option [Member]

Stock-based Compensation

Schedule Of Stock Option Activity [Table Text Block]

The following table summarizes stock option activity as of July 28, 2024:

	Options	Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Life	Aggregate Intrinsic Value
	(In thousands)			(In years)	(Millions)
Outstanding at July 30, 2023	833	$	44.77
Granted	—	$	—
Exercised	(54)	$	36.60
Terminated	—	$	—
Outstanding at July 28, 2024	779	$	45.33	3.2	$	4
Exercisable at July 28, 2024	779	$	45.33	3.2	$	4

TSR Performance Restricted Stock/Units [Member]

Stock-based Compensation

TSR Performance Restricted Stock Units [Table Text Block]

The following table summarizes TSR performance restricted stock units as of July 28, 2024:

	Units	Weighted- Average Grant-Date Fair Value
	(In thousands)
Nonvested at July 30, 2023	948	$	51.81
Granted	387	$	44.18
Vested	(289)	$	54.93
Forfeited	(173)	$	51.78
Nonvested at July 28, 2024	873	$	47.40

Schedule Of Share Based Payment Award Valuation Assumptions [Table Text Block]

Weighted-average assumptions used in the Monte Carlo simulation were as follows:

	2024	2023	2022
Risk-free interest rate	4.84%	4.29%	0.46%
Expected dividend yield	3.54%	3.09%	3.50%
Expected volatility	22.16%	26.40%	27.42%
Expected term	3 years	3 years	3 years

Time Lapse, EPS Performance, and Replacement Restricted Stock Units [Member]

Stock-based Compensation

Time-Lapse, EPS Performance, and Replacement Restricted Stock Units [Table Text Block]

The following table summarizes time-lapse restricted stock units and EPS CAGR performance restricted stock units as of July 28, 2024:

	Units	Weighted- Average Grant-Date Fair Value
	(In thousands)
Nonvested at July 30, 2023	2,274	$	45.39
Granted	1,790	$	41.57
Replacement units granted in connection with Sovos Brands acquisition	1,721	$	43.01
Vested	(2,275)	$	43.89
Forfeited	(210)	$	43.19
Nonvested at July 28, 2024	3,300	$	43.24