| Leases The components of lease costs were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | (Millions) | | January 26, 2025 | | January 28, 2024 | | January 26, 2025 | | January 28, 2024 | Operating lease cost(1) | | $ | 27 | | | $ | 24 | | | $ | 56 | | | $ | 48 | | | Finance lease - amortization of right-of-use (ROU) assets | | 8 | | | 4 | | | 14 | | | 8 | | | Finance lease - interest on lease liabilities | | 1 | | | — | | | 2 | | | — | | | Short-term lease cost | | 15 | | | 16 | | | 30 | | | 35 | | | Variable lease cost | | 59 | | | 49 | | | 124 | | | 102 | | | | | | | | | | | | Total | | $ | 110 | | | $ | 93 | | | $ | 226 | | | $ | 193 | |
___________________________________________ (1) Excludes costs associated with the cost savings initiatives described in Note 8. The following tables summarize the lease amounts recorded in the Consolidated Balance Sheets: | | | | | | | | | | | | | | | | | | | | | | | Operating Leases | | (Millions) | | Balance Sheet Classification | | January 26, 2025 | | July 28,
2024 | | ROU assets, net | | Other assets | | $ | 335 | | | $ | 333 | | | Lease liabilities (current) | | Accrued liabilities | | $ | 93 | | | $ | 90 | | | Lease liabilities (noncurrent) | | Other liabilities | | $ | 271 | | | $ | 268 | | | | | | | | | | ROU assets, net | | Assets of business held for sale | | $ | 2 | | | $ | — | | | Lease liabilities (noncurrent) | | Liabilities of business held for sale | | $ | 2 | | | $ | — | | | | Finance Leases | | (Millions) | | Balance Sheet Classification | | January 26, 2025 | | July 28,
2024 | | ROU assets, net | | Plant assets, net of depreciation | | $ | 71 | | | $ | 72 | | | Lease liabilities (current) | | Short-term borrowings | | $ | 30 | | | $ | 25 | | | Lease liabilities (noncurrent) | | Long-term debt | | $ | 44 | | | $ | 46 | | | | | | | | | | ROU assets, net | | Assets of business held for sale | | $ | 12 | | | $ | — | | | Lease liabilities (noncurrent) | | Liabilities of business held for sale | | $ | 9 | | | $ | — | | | | | | | | |
The following table summarizes cash flow and other information related to leases: | | | | | | | | | | | | | | | | | | | Six Months Ended | | | | (Millions) | | January 26, 2025 | | January 28, 2024 | | | Cash paid for amounts included in the measurement of lease liabilities: | | | | | | | | Operating cash flows from operating leases | | $ | 52 | | | $ | 46 | | | | | Operating cash flows from finance leases | | $ | 1 | | | $ | — | | | | | Financing cash flows from finance leases | | $ | 14 | | | $ | 8 | | | | | | | | | | | | ROU assets obtained in exchange for lease obligations: | | | | | | | | Operating leases | | $ | 54 | | | $ | 63 | | | | Finance leases | | $ | 25 | | | $ | 15 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|