Accumulated Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Apr. 28, 2024

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 31, 2022	$	—	$	—	$	2	$	2
Other comprehensive income (loss) before reclassifications	(7)		5		—		(2)
Losses (gains) reclassified from accumulated other comprehensive income (loss)	—		(6)		—		(6)
Net current-period other comprehensive income (loss)	(7)		(1)		—		(8)
Balance at April 30, 2023	$	(7)	$	(1)	$	2	$	(6)

Balance at July 30, 2023	$	(1)	$	(4)	$	2	$	(3)
Other comprehensive income (loss) before reclassifications	(6)		(5)		—		(11)
Losses (gains) reclassified from accumulated other comprehensive income (loss)	—		(1)		—		(1)
Net current-period other comprehensive income (loss)	(6)		(6)		—		(12)
Balance at April 28, 2024	$	(7)	$	(10)	$	2	$	(15)

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(1)Included no tax as of April 28, 2024, July 30, 2023, April 30, 2023 and July 31, 2022.

(2)Included a tax benefit of $3 million as of April 28, 2024 and $1 million as of July 30, 2023, and no tax as of April 30, 2023 and July 31, 2022.

(3)Included tax expense of $1 million as of April 28, 2024, July 30, 2023, April 30, 2023 and July 31, 2022.

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


	Three Months Ended				Nine Months Ended
(Millions)	April 28, 2024		April 30, 2023		April 28, 2024		April 30, 2023		Location of Loss (Gain) Recognized in Earnings







Losses (gains) on cash-flow hedges:
Commodity contracts	$	—	$	—	$	—	$	(3)	Cost of products sold
Foreign exchange contracts	—		(2)		(2)		(6)		Cost of products sold


Forward starting interest rate swaps	—		—		1		1		Interest expense
Total before tax	—		(2)		(1)		(8)
Tax expense (benefit)	—		1		—		2
Loss (gain), net of tax	$	—	$	(1)	$	(1)	$	(6)