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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended 9 Months Ended 12 Months Ended
Apr. 27, 2025
Apr. 28, 2024
Apr. 27, 2025
Apr. 28, 2024
Jul. 28, 2024
Cash flows from operating activities:          
Net earnings $ 66 $ 133 $ 457 $ 570  
Adjustments to reconcile net earnings to operating cash flow          
Impairment charges [1] 150 0 176 0  
Restructuring charges 6 13 17 17  
Stock-based compensation     52 80  
Amortization of inventory fair value adjustment from acquisition     0 17  
Pension and postretirement benefit expense     2 5  
Depreciation and amortization     328 298  
Deferred income taxes     (58) 13  
Loss on sales of businesses [2] 0 0 25 0  
Other     92 103  
Changes in working capital, net of acquisition and divestitures          
Accounts receivable     (57) (33)  
Inventories     49 102  
Other current assets     (17) (28)  
Accounts payable and accrued liabilities     (150) (180)  
Other     (44) (67)  
Net cash provided by operating activities     872 897  
Cash flows from investing activities:          
Purchases of plant assets     (296) (376)  
Purchases of route businesses     (130) (28)  
Sales of route businesses     96 33  
Business acquired, net of cash acquired     0 (2,617)  
Sales of businesses, net of cash divested     258 0  
Other     (8) 1  
Net cash used in investing activities     (80) (2,987)  
Cash flows from financing activities:          
Short-term borrowings, including commercial paper and delayed draw term loan     1,189 4,616  
Short-term repayments, including commercial paper and delayed draw term loan     (1,093) (4,556)  
Long-term borrowings     1,144 2,496  
Long-term repayments     (1,550) (100)  
Dividends paid     (343) (334)  
Treasury stock purchases     (60) (46)  
Payments related to tax withholding for stock-based compensation     (30) (46)  
Payments of debt issuance costs     (12) (22)  
Net cash provided by (used in) financing activities     (755) 2,008  
Effect of exchange rate changes on cash     (2) 0  
Net change in cash and cash equivalents     35 (82)  
Cash and cash equivalents - beginning of period     108 189 $ 189
Cash and cash equivalents - end of period $ 143 $ 107 $ 143 $ 107 $ 108
[1] See Note 6 for additional information.
[2] See Note 4 for additional information.