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Pension And Postretirement Benefits (Tables)
12 Months Ended
Jul. 31, 2011
Aug. 01, 2010
Schedule Of Change In Benefit Obligation
         

 

            Pension          

  Postretirement 

 

    2011   

    2010   

   2011 

   2010 

Obligation at beginning of year

$   2,275

$   2,077

$  362

$  340

Service cost

           58

           55

         3

         3

Interest cost

        121

        121

       19

Actuarial loss

           61

        181

       15

       50

Participant contributions

           —

           —

         4

Benefits paid

       (146)

       (148)

      (34)

      (39)

Medicare subsidies

           —

           —

         5

         3

Other

            (4)

            (2)

       —

       —

Plan amendments

            (1)

           —

       —

      (18)

Settlement

            (8)

         (21)

       —

       —

Foreign currency adjustment

           32

           12

       —

       —

Benefit obligation at end of year

$   2,388

$   2,275

$  374

$  362

 
Schedule Of Change In The Fair Value Of Pension Plan Assets

 

    2011   

    2010   

Fair value at beginning of year

$   1,767

$   1,415

Actual return on plan assets

        266

        222

Employer contributions

        144

        284

Benefits paid

       (139)

       (142)

Settlement

            (6)

         (21)

Foreign currency adjustment

           27

             9

Fair value at end of year

$   2,059

$   1,767

 
Schedule Of Amounts Recognized In The Consolidated Balance Sheets
         

 

           Pension         

    Postretirement   

 

    2011    

   2010  

   2011  

   2010  

Accrued liabilities

$       (10)

$         (8)

$     (30)

$     (30)

Other liabilities

       (319)

       (500)

     (344)

     (332)

Net amount recognized

$     (329)

$     (508)

$   (374)

$   (362)

Amounts recognized in accumulated other comprehensive loss consist of:

 

 

 

 

Net actuarial loss

$   1,179

$   1,263

$       95

$      87

Prior service credit

            (3)

            (1)

          (9)

       (10)

Total

$   1,176

$   1,262

$        86

$      77

 
Schedule Of Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets

 

2011

2010

Projected benefit obligation

$   2,194

$  2,261

Accumulated benefit obligation

$   2,131

$  2,140

Fair value of plan assets

$   1,891

$  1,757

 
Schedule Of Assumed Health Care Cost Trend Rates

 

   2011  

   2010 

Health care cost trend rate assumed for next year

 8.25%

8.25%

Rate to which the cost trend rate is assumed to decline (ultimate trend rate)

4.50%

4.50%

Year that the rate reaches the ultimate trend rate

2019

2018

 
Schedule Of Effect Of One-Percentage-Point Change In Assumed Health Care Costs

 

Increase      

Decrease      

Effect on service and interest cost

  $     1

  $     (1)

Effect on the 2011 accumulated benefit obligation

  $  20

  $   (18)

 
Schedule Of Pension Plan Weighted-Average Asset Allocations By Category

 

 

Strategic

  Target 

 

  2011 

 

2010

Equity securities

      51%

  50%

  49%

Debt securities

      35%

  35%

  34%

Real estate and other

     14%

  15%

  17%

Total

   100%

100%

100%

 
Schedule Of Pension Plan Assets By Category
                   

 

Fair Value

Fair Value Measurements at

 

Fair Value

   Fair Value Measurements at

 

       as of

July  31, 2011 Using

 

       as of

         August 1, 2010 Using

 

     July 31,

        Fair Value Hierarchy

 

   August 1,

        Fair Value Hierarchy

 

       2011 

Level 1         

   Level 2         

Level 3         

 

       2010  

Level 1       

  Level 2       

Level 3       

Asset category

 

 

 

 

 

 

 

 

 

Short-term investments

     $     65

   $    5

  $     60

   $  —

 

     $     60

   $    5

  $     55

   $  —

Equities:

 

 

 

 

 

 

 

 

 

U.S

          396

     396

         —

        —

 

          308

     308

        

        —

Non-U.S

          267

     267

         —

        —

 

          245

     245

        

        —

Corporate bonds:

 

 

 

 

 

 

 

 

 

U.S

          414

        —

       414

        —

 

          357

        —

       357

        —

Non-U.S

            88

        —

         88

        —

 

            89

        —

         89

        —

Government and agency bonds:

 

 

 

 

 

 

 

 

 

U.S

              9

        —

           9

        —

 

            21

        —

         21

        —

Non-U.S

            31

        —

         31

        —

 

            21

        —

         21

        —

Municipal Bonds

            42

        —

         42

        —

 

            17

        —

         17

        —

Commingled funds:

 

 

 

 

 

 

 

 

 

   Equities

          366

        —

       366

        —

 

          298

        —

       298

       

   Fixed Income

            73

        —

         73

        —

 

            46

        —

         46

        —

Mortgage and asset backed securities

            27

        —

         27

        —

 

            26

        —

         26

        —

Real estate

            70

          7

         44

        19

 

            60

          4

         38

        18

Limited partnerships

            20

        —

         —

        20

 

            24

        —

         —

        24

Hedge funds

          196

        —

       196

        —

 

          174

        —

       174

        —

Guaranteed insurance contracts

             —

        —

         —

        —

 

               8

        —

         —

          8

Total

     $2,064    

   $675 

  $1,350

   $39 

 

     $ 1,754

   $562 

  $1,142 

   $  50

 

 

 

 

 

 

 

 

 

 

Other items to reconcile to fair value of plan assets   

             (5)

 

 

 

 

            13

 

 

 

   Total pension assets at fair value

     $2,059

 

 

 

 

     $ 1,767

 

 

 

 
Schedule Of Changes In Fair Value Of Level 3 Investments

 

 

Real

Estate

 

Limited

Partnerships

Guaranteed Insurance

Contracts

 

 

Total

Fair value at August 1, 2010

$             18

$             24

$               8

$             50

Actual return on plan assets

                 4

                 4

                (2)

                 6

Purchases

               —

               —

               —

               —

Sales

                (3)

                (8)

               —

              (11)

Settlements

               —

               —

                (6)

                (6)

Transfers out of Level 3

              

              

              

              

Fair value at July 31, 2011

$             19

$             20

$             —

$             39

 

 

Real

Estate

 

Limited

Partnerships

Guaranteed Insurance

Contracts

 

 

Total

Fair value at August 2, 2009

$             32

$             31

$               5

$             68

Actual return on plan assets

                (2)

                (4)

                 2

                (4)

Purchases

               —

               —

                 1

                 1

Sales

                (1)

                (3)

               —

                (4)

Settlements

               —

               —

               —

               —

Transfers out of Level 3

              (11)

               —

               —

              (11)

Fair value at August 1, 2010

$             18

$             24

$               8

$             50

Schedule Of Estimated Future Benefit Payments

 

Pension     

Postretirement           

 2012

$     147

   $     30

 2013

$     150

      $     31

 2014

$     150

      $     31

 2015

$     154

      $     32

 2016

$     158

      $     32

2017-2021

$     856

      $   163

 
Pension [Member]
   
Schedule Of Components Of Benefit Expense
       

 

                  Pension                

 

   2011  

   2010  

   2009  

Service cost

$      58

$      55

$      46

Interest cost

      121

      121

      122

Expected return on plan assets

     (178)

     (170)

     (163)

Amortization of prior service cost

           1

           1

           1

Recognized net actuarial loss

         70

         49

         19

Settlement (gains)/costs

          (1)

         12

         —

Special termination benefits

         —

         —

           2

Net periodic pension expense

$      71

$      68

$      27

 
Postretirement [Member]
   
Schedule Of Components Of Benefit Expense
       

 

     Postretirement    

 

2011

2010    

2009

Service cost

$     3

$    3

$     3

Interest cost

    19

     22

Amortization of prior service cost/(credit)

      (1)

       1

       1

Recognized net actuarial loss

       7

       1

     —

Net periodic postretirement expense

$  27

$  24

$  26

 
Benefit Obligation [Member]
   
Weighted-Average Assumptions Used To Determine Benefit Costs
         

 

        Pension      

  Postretirement

 

  2011 

  2010 

  2011 

  2010 

Discount rate

5.41%

5.46%

5.00%

5.25%

Rate of compensation increase

3.31%

3.29%

3.25%

3.25%

 
Net Periodic Benefit Cost [Member]
   
Weighted-Average Assumptions Used To Determine Benefit Costs

Pension

  2011  

  2010 

  2009 

Discount rate

5.46%

6.00%

6.87%

Expected return on plan assets

8.15%

8.13%

8.60%

Rate of compensation increase

3.29%

3.29%

3.97%