| Leases The components of lease costs were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Nine Months Ended | | (Millions) | | April 28, 2024 | | April 30, 2023 | | April 28, 2024 | | April 30, 2023 | Operating lease cost(1) | | $ | 25 | | | $ | 23 | | | $ | 73 | | | $ | 63 | | | Finance lease - amortization of right-of-use (ROU) assets | | 6 | | | 4 | | | 14 | | | 12 | | | Finance lease - interest on lease liabilities | | 1 | | | — | | | 1 | | | — | | | Short-term lease cost | | 15 | | | 14 | | | 50 | | | 48 | | | Variable lease cost | | 57 | | | 52 | | | 159 | | | 155 | | | | | | | | | | | | Total | | $ | 104 | | | $ | 93 | | | $ | 297 | | | $ | 278 | |
__________________________________________ (1)Excludes costs associated with the cost savings initiatives described in Note 7. The following tables summarize the lease amounts recorded in the Consolidated Balance Sheets: | | | | | | | | | | | | | | | | | | | | | | | Operating Leases | | (Millions) | | Balance Sheet Classification | | April 28, 2024 | | July 30, 2023 | | ROU assets, net | | Other assets | | $ | 283 | | | $ | 275 | | | Lease liabilities (current) | | Accrued liabilities | | $ | 76 | | | $ | 70 | | | Lease liabilities (noncurrent) | | Other liabilities | | $ | 229 | | | $ | 208 | | | | | | | | | | | Finance Leases | | (Millions) | | Balance Sheet Classification | | April 28, 2024 | | July 30, 2023 | | ROU assets, net | | Plant assets, net of depreciation | | $ | 61 | | | $ | 27 | | | Lease liabilities (current) | | Short-term borrowings | | $ | 21 | | | $ | 13 | | | Lease liabilities (noncurrent) | | Long-term debt | | $ | 39 | | | $ | 15 | | | | | | | | |
The following table summarizes cash flow and other information related to leases: | | | | | | | | | | | | | | | | | | | Nine Months Ended | | | | (Millions) | | April 28, 2024 | | April 30, 2023 | | | Cash paid for amounts included in the measurement of lease liabilities: | | | | | | | | Operating cash flows from operating leases | | $ | 70 | | | $ | 62 | | | | | Operating cash flows from finance leases | | $ | 1 | | | $ | — | | | | | Financing cash flows from finance leases | | $ | 15 | | | $ | 12 | | | | | | | | | | | | ROU assets obtained in exchange for lease obligations: | | | | | | | | Operating leases | | $ | 78 | | | $ | 106 | | | | Finance leases | | $ | 35 | | | $ | 10 | | | | | | | | | | | | ROU assets obtained with business acquired: | | | | | | | | Operating leases | | $ | 15 | | | $ | — | | | | Finance leases | | $ | 13 | | | $ | — | | | |
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