Leases

9 Months Ended

Apr. 27, 2025

Leases [Abstract]

Lease Disclosure [Text Block]

Leases

The components of lease costs were as follows:

	Three Months Ended				Nine Months Ended
(Millions)	April 27, 2025		April 28, 2024		April 27, 2025		April 28, 2024
Operating lease cost(1)	$	28	$	25	$	84	$	73
Finance lease - amortization of right-of-use (ROU) assets	7		6		21		14
Finance lease - interest on lease liabilities	1		1		3		1
Short-term lease cost	14		15		44		50
Variable lease cost	55		57		179		159
Total	$	105	$	104	$	331	$	297

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(1)    Excludes costs associated with the cost savings initiatives described in Note 8.

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

	Operating Leases
(Millions)	Balance Sheet Classification	April 27, 2025		July 28, 2024
ROU assets, net	Other assets	$	339	$	333
Lease liabilities (current)	Accrued liabilities	$	97	$	90
Lease liabilities (noncurrent)	Other liabilities	$	272	$	268
	Finance Leases
(Millions)	Balance Sheet Classification	April 27, 2025		July 28, 2024
ROU assets, net	Plant assets, net of depreciation	$	70	$	72
Lease liabilities (current)	Short-term borrowings	$	31	$	25
Lease liabilities (noncurrent)	Long-term debt	$	42	$	46

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

	Nine Months Ended
(Millions)	April 27, 2025		April 28, 2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	80	$	70
Operating cash flows from finance leases	$	3	$	1
Financing cash flows from finance leases	$	23	$	15
ROU assets obtained in exchange for lease obligations:
Operating leases	$	82	$	78
Finance leases	$	33	$	35
ROU assets obtained with business acquired:
Operating leases			$	15
Finance leases			$	13