Leases

3 Months Ended

Oct. 27, 2024

Leases [Abstract]

Lease Disclosure [Text Block]

Leases

The components of lease costs were as follows:

	Three Months Ended
(Millions)	October 27, 2024		October 29, 2023
Operating lease cost	$	29	$	24
Finance lease - amortization of right-of-use (ROU) assets	6		4
Finance lease - interest on lease liabilities	1		—
Short-term lease cost	15		19
Variable lease cost	65		53
Total	$	116	$	100

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

	Operating Leases
(Millions)	Balance Sheet Classification	October 27, 2024		July 28, 2024
ROU assets, net	Other assets	$	333	$	333
Lease liabilities (current)	Accrued liabilities	$	92	$	90
Lease liabilities (noncurrent)	Other liabilities	$	268	$	268
	Finance Leases
(Millions)	Balance Sheet Classification	October 27, 2024		July 28, 2024
ROU assets, net	Plant assets, net of depreciation	$	84	$	72
Lease liabilities (current)	Short-term borrowings	$	29	$	25
Lease liabilities (noncurrent)	Long-term debt	$	55	$	46

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

	Three Months Ended
(Millions)	October 27, 2024		October 29, 2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	27	$	23
Operating cash flows from finance leases	$	1	$	—
Financing cash flows from finance leases	$	6	$	4
ROU assets obtained in exchange for lease obligations:
Operating leases	$	25	$	36
Finance leases	$	19	$	3