Leases (Tables)

3 Months Ended

Oct. 27, 2024

Leases [Abstract]

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

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 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

Schedule of Supplemental Cash Flow Information Related to Leases

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