Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jan. 26, 2025

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 July 30, 2023	$	(1)	$	(4)	$	2	$	(3)
Other comprehensive income (loss) before reclassifications	(3)		(16)		—		(19)
Losses (gains) reclassified from accumulated other comprehensive income (loss)	—		(1)		—		(1)
Net current-period other comprehensive income (loss)	(3)		(17)		—		(20)
Balance at January 28, 2024	$	(4)	$	(21)	$	2	$	(23)
Balance at July 28, 2024	$	(10)	$	(9)	$	2	$	(17)
Other comprehensive income (loss) before reclassifications	(7)		3		5		1
Losses (gains) reclassified from accumulated other comprehensive income (loss)	—		—		—		—
Net current-period other comprehensive income (loss)	(7)		3		5		1
Balance at January 26, 2025	$	(17)	$	(6)	$	7	$	(16)

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(1)Included no tax as of January 26, 2025, July 28, 2024, January 28, 2024 and July 30, 2023.

(2)Included a tax benefit of $2 million as of January 26, 2025, and July 28, 2024, $5 million as of January 28, 2024 and $1 million as of July 30, 2023.

(3)Included tax expense of $3 million as of January 26, 2025, and $1 million as of July 28, 2024, January 28, 2024 and July 30, 2023.

Amounts related to noncontrolling interests were not material.

The amounts reclassified from Accumulated other comprehensive income (loss) consisted of the following:

	Three Months Ended				Six Months Ended
(Millions)	January 26, 2025		January 28, 2024		January 26, 2025		January 28, 2024		Location of Loss (Gain) Recognized in Earnings
Losses (gains) on cash-flow hedges:
Foreign exchange contracts	$	(1)	$	(2)	$	(1)	$	(2)	Cost of products sold
Forward starting interest rate swaps	—		1		1		1		Interest expense
Total before tax	$	(1)	$	(1)	$	—	$	(1)
Tax expense (benefit)	—		—		—		—
Loss (gain), net of tax	$	(1)	$	(1)	$	—	$	(1)