v3.25.2
Pension And Postretirement Benefits (Tables)
 12 Months Ended
Aug. 03, 2025
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Net Benefit Costs [Table Text Block]
Components of net periodic benefit expense (income) were as follows:
PensionPostretirement
(Millions)202520242023202520242023
Service cost$13 $13 $13 $— $— $— 
Interest cost61 65 73 6 8 7 
Expected return on plan assets(79)(80)(100)— — — 
Amortization of prior service cost (credit)— — 1 (1)— (1)
Actuarial losses (gains)26 33 (6)(2)— (9)
Net periodic benefit expense (income)$21 $31 $(19)$3 $8 $(3)
Schedule of Changes in Projected Benefit Obligations [Table Text Block]
Change in benefit obligation:
PensionPostretirement
(Millions)2025202420252024
Obligation at beginning of year$1,267 $1,257 $145 $153 
Service cost13 13 — — 
Interest cost61 65 6 8 
Actuarial losses (gains)(8)38 (2)— 
Plan amendment— — (7)— 
Benefits paid(119)(101)(15)(16)
Other— (1)— — 
Foreign currency translation adjustment— (4)— — 
Benefit obligation at end of year$1,214 $1,267 $127 $145 
Schedule of Amounts Recognized in Balance Sheet [Table Text Block]
Net amounts recognized in the Consolidated Balance Sheets:
 PensionPostretirement
(Millions)2025202420252024
Other assets$128 $143 $— $— 
Accrued liabilities10 10 16 17 
Other liabilities88 93 111 128 
Net amounts recognized asset / (liability)$30 $40 $(127)$(145)
Amounts recognized in Accumulated other comprehensive income (loss) consist of:
(Millions)Postretirement
20252024
Prior service credit (cost)$9 $3 
Defined Benefit Plan, Assumptions [Table Text Block]
Weighted-average assumptions used to determine benefit obligations at the end of the year:
 PensionPostretirement
 2025202420252024
Discount rate5.41%5.28%5.26%5.23%
Rate of compensation increase3.23%3.23%3.25%3.25%
Interest crediting rate4.00%4.00%Not applicable
Schedule of Expected Benefit Payments [Table Text Block]
Estimated future benefit payments are as follows:
(Millions)PensionPostretirement
2026$127 $16 
2027$121 $15 
2028$113 $14 
2029$108 $13 
2030$105 $12 
2031-2035$469 $50 
Pension Plan, Defined Benefit [Member]  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Changes in Fair Value of Plan Assets [Table Text Block]
Change in the fair value of pension plan assets:
(Millions)20252024
Fair value at beginning of year$1,307 $1,316 
Actual return on plan assets45 86 
Employer contributions1 1 
Benefits paid(109)(91)
Foreign currency translation adjustment— (5)
Fair value at end of year$1,244 $1,307 
Defined Benefit Plan, Plan with Projected Benefit Obligation in Excess of Plan Assets [Table Text Block]
The following table provides information for pension plans with projected benefit obligations in excess of plan assets and accumulated benefit obligations in excess of plan assets:
(Millions)20252024
Projected benefit obligation$98 $103 
Accumulated benefit obligation$96 $102 
Fair value of plan assets$— $— 
Defined Benefit Plan, Assumptions [Table Text Block]
Weighted-average assumptions used to determine net periodic benefit cost for the years ended:
 Pension
 202520242023
Discount rate5.28%5.46%5.03%
Expected return on plan assets6.40%6.38%6.40%
Rate of compensation increase3.23%3.23%3.23%
Interest crediting rate4.00%4.00%4.00%
Schedule of Allocation of Plan Assets [Table Text Block]
Our year-end pension plan weighted-average asset allocations by category were:
 Strategic Target20252024
Equity securities20%20%20%
Debt securities74%74%73%
Real estate and other6%6%7%
Total100%100%100%
Pension plan assets are categorized based on the following fair value hierarchy:
•Level 1: Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets.
•Level 2: Inputs other than quoted prices included in Level 1 that are observable for the asset or liability through corroboration with observable market data.
•Level 3: Unobservable inputs, which are valued based on our estimates of assumptions that market participants would use in pricing the asset or liability.
The following table presents our pension plan assets by asset category at August 3, 2025, and July 28, 2024:
 
Fair Value
as of
August 3, 2025
Fair Value Measurements at
August 3, 2025 Using
Fair Value Hierarchy
Fair Value
as of
July 28, 2024
Fair Value Measurements at
July 28, 2024 Using
Fair Value Hierarchy
(Millions)Level 1Level 2Level 3Level 1Level 2Level 3
Short-term investments
$2 $2 $— $— $3 $1 $2 $— 
Equities:
U.S.1 — 1 — 1 — 1 — 
Corporate bonds:
U.S.410 — 410 — 416 — 416 — 
Non-U.S.81 — 81 — 85 — 85 — 
Government and agency bonds:
U.S.302 — 302 — 326 — 326 — 
Non-U.S.23 — 23 — 16 — 16 — 
Municipal bonds3 — 3 — 4 — 4 — 
Mortgage and asset backed securities
7 — 7 — — — — — 
Real estate— — — — 1 — — 1 
Hedge funds4 — — 4 7 — — 7 
Derivative assets— — — — 1 — 1 — 
Derivative liabilities— — — — (1)— (1)— 
Total assets at fair value
$833 $2 $827 $4 $859 $1 $850 $8 
Investments measured at net asset value:
Short-term investments
$27 $46 
Commingled equity funds244 259 
Commingled fixed income funds79 77 
Real estate68 65 
Total investments measured at net asset value:
$418 $447 
Other items to reconcile to fair value
(7)1 
Total pension plan assets at fair value
$1,244 $1,307 
Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets [Table Text Block]
The following table summarizes the changes in fair value of Level 3 investments for the years ended August 3, 2025, and July 28, 2024:
(Millions)Real EstateHedge FundsTotal
Fair value at July 28, 2024
$1 $7 $8 
Actual return on plan assets— (1)(1)
Purchases, sales and settlements, net(1)(2)(3)
Transfers out of Level 3— — — 
Fair value at August 3, 2025
$— $4 $4 
(Millions)Real EstateHedge FundsTotal
Fair value at July 30, 2023
$1 $8 $9 
Actual return on plan assets— (1)(1)
Purchases, sales and settlements, net— — — 
Transfers out of Level 3— — — 
Fair value at July 28, 2024
$1 $7 $8 
Other Postretirement Benefit Plans, Defined Benefit [Member]  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Health Care Cost Trend Rates [Table Text Block]
Assumed health care cost trend rates at the end of the year:
 20252024
Health care cost trend rate assumed for next year6.50%6.50%
Rate to which the cost trend rate is assumed to decline (ultimate trend rate)5.00%5.00%
Year that the rate reaches the ultimate trend rate20322030