v3.24.1.1.u2
Stock-based Compensation (Tables)
 9 Months Ended
Apr. 28, 2024
Stock-based Compensation  
Summary of Stock-based Compensation Expense [Table Text Block] Total pre-tax stock-based compensation expense and tax-related benefits recognized in the Consolidated Statements of Earnings were as follows:
Three Months EndedNine Months Ended
(Millions)April 28, 2024April 30, 2023April 28, 2024April 30, 2023
Total pre-tax stock-based compensation expense(1)
$44 $17 $80 $48 
Tax-related benefits$3 $3 $9 $9 
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(1)Includes $26 million of expense related to accelerated vesting of certain Replacement units in the three- and nine-month periods ended April 28, 2024.
Share-based Payment Arrangement, Option [Member]  
Stock-based Compensation  
Schedule Of Stock Option Activity [Table Text Block]
The following table summarizes stock option activity as of April 28, 2024:
OptionsWeighted-
Average
Exercise
Price		Weighted-
Average
Remaining
Contractual
Life		Aggregate
Intrinsic
Value
(In thousands) (In years)(Millions)
Outstanding at July 30, 2023
833 $44.77 
Granted— $— 
Exercised— $— 
Terminated— $— 
Outstanding at April 28, 2024
833 $44.77 3.5$4 
Exercisable at April 28, 2024
833 $44.77 3.5$4 
Time Lapse, EPS Performance, and Replacement Restricted Stock Units [Member]  
Stock-based Compensation  
Time-Lapse, EPS Performance, and Replacement Restricted Stock Units [Table Text Block]
The following table summarizes time-lapse restricted stock units and EPS performance restricted stock units as of April 28, 2024:
UnitsWeighted-Average Grant-Date Fair Value
(In thousands) 
Nonvested at July 30, 2023
2,274 $45.39 
Granted1,744 $41.46 
Replacement units granted in connection with Sovos Brands acquisition1,721 $43.01 
Vested(2,233)$43.86 
Forfeited(184)$43.27 
Nonvested at April 28, 2024
3,322 $43.23 
TSR Performance Restricted Stock/Units [Member]  
Stock-based Compensation  
TSR Performance Restricted Stock Units [Table Text Block]
The following table summarizes TSR performance restricted stock units as of April 28, 2024:
UnitsWeighted-Average Grant-Date Fair Value
(In thousands) 
Nonvested at July 30, 2023
948 $51.81 
Granted387 $44.18 
Vested(289)$54.93 
Forfeited(159)$52.20 
Nonvested at April 28, 2024
887 $47.40 
Schedule Of Share Based Payment Award Valuation Assumptions [Table Text Block]
Assumptions used in the Monte Carlo simulation were as follows:
 20242023
Risk-free interest rate4.84%4.29%
Expected dividend yield3.54%3.09%
Expected volatility22.16%26.40%
Expected term3 years3 years