v3.24.1.1.u2
Leases (Tables)
 9 Months Ended
Apr. 28, 2024
Leases [Abstract]  
Lease, Cost
The components of lease costs were as follows:
Three Months EndedNine Months Ended
(Millions)April 28, 2024April 30, 2023April 28, 2024April 30, 2023
Operating lease cost(1)
$25 $23 $73 $63 
Finance lease - amortization of right-of-use (ROU) assets6 4 14 12 
Finance lease - interest on lease liabilities1 — 1 — 
Short-term lease cost15 14 50 48 
Variable lease cost57 52 159 155 
Total$104 $93 $297 $278 
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(1)Excludes costs associated with the cost savings initiatives described in Note 7.
Schedule of Leases Reported in Balance Sheet
The following tables summarize the lease amounts recorded in the Consolidated Balance Sheets:
Operating Leases
(Millions)Balance Sheet ClassificationApril 28, 2024July 30, 2023
ROU assets, netOther assets$283 $275 
Lease liabilities (current)Accrued liabilities$76 $70 
Lease liabilities (noncurrent)Other liabilities$229 $208 
Finance Leases
(Millions)Balance Sheet ClassificationApril 28, 2024July 30, 2023
ROU assets, netPlant assets, net of depreciation$61 $27 
Lease liabilities (current)Short-term borrowings$21 $13 
Lease liabilities (noncurrent)Long-term debt$39 $15 
Schedule of Supplemental Cash Flow Information Related to Leases
The following table summarizes cash flow and other information related to leases:
Nine Months Ended
(Millions)April 28, 2024April 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 $—