| Leases The components of lease costs were as follows: | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | (Millions) | | | | | | October 27, 2024 | | October 29, 2023 | | Operating lease cost | | | | | | $ | 29 | | | $ | 24 | | | Finance lease - amortization of right-of-use (ROU) assets | | | | | | 6 | | | 4 | | | Finance lease - interest on lease liabilities | | | | | | 1 | | | — | | | Short-term lease cost | | | | | | 15 | | | 19 | | | Variable lease cost | | | | | | 65 | | | 53 | | | | | | | | | | | | Total | | | | | | $ | 116 | | | $ | 100 | |
The following tables summarize the lease amounts recorded in the Consolidated Balance Sheets: | | | | | | | | | | | | | | | | | | | | | | | Operating Leases | | (Millions) | | Balance Sheet Classification | | October 27, 2024 | | July 28,
2024 | | ROU assets, net | | Other assets | | $ | 333 | | | $ | 333 | | | Lease liabilities (current) | | Accrued liabilities | | $ | 92 | | | $ | 90 | | | Lease liabilities (noncurrent) | | Other liabilities | | $ | 268 | | | $ | 268 | | | | | | | | | | | Finance Leases | | (Millions) | | Balance Sheet Classification | | October 27, 2024 | | July 28,
2024 | | ROU assets, net | | Plant assets, net of depreciation | | $ | 84 | | | $ | 72 | | | Lease liabilities (current) | | Short-term borrowings | | $ | 29 | | | $ | 25 | | | Lease liabilities (noncurrent) | | Long-term debt | | $ | 55 | | | $ | 46 | | | | | | | | |
The following table summarizes cash flow and other information related to leases: | | | | | | | | | | | | | | | | | | | Three Months Ended | | | | (Millions) | | October 27, 2024 | | October 29, 2023 | | | Cash paid for amounts included in the measurement of lease liabilities: | | | | | | | | Operating cash flows from operating leases | | $ | 27 | | | $ | 23 | | | | | Operating cash flows from finance leases | | $ | 1 | | | $ | — | | | | | Financing cash flows from finance leases | | $ | 6 | | | $ | 4 | | | | | | | | | | | | ROU assets obtained in exchange for lease obligations: | | | | | | | | Operating leases | | $ | 25 | | | $ | 36 | | | | Finance leases | | $ | 19 | | | $ | 3 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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