v3.25.2
Leases (Tables)
 12 Months Ended
Aug. 03, 2025
Leases [Abstract]  
Lease, Cost
The components of lease costs were as follows:
(Millions)202520242023
Operating lease cost(1)
$115 $101 $86 
Finance lease - amortization of ROU assets29 22 16 
Finance lease - interest on lease liabilities4 2 — 
Short-term lease cost65 66 64 
Variable lease cost261 217 207 
Total$474 $408 $373 
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(1)2024 excludes costs associated with the cost savings initiatives described in Note 8.
Schedule of Leases Reported in Balance Sheet [Table]
The following table summarizes the lease amounts recorded in the Consolidated Balance Sheets:
 Operating Leases
(Millions)Balance Sheet Classification20252024
ROU assets, netOther assets$326 $333 
Lease liabilities (current)Accrued liabilities$96 $90 
Lease liabilities (noncurrent)Other liabilities$259 $268 
Financing Leases
(Millions)Balance Sheet Classification20252024
ROU assets, netPlant assets, net of depreciation$66 $72 
Lease liabilities (current)Short-term borrowings$32 $25 
Lease liabilities (noncurrent)Long-term debt$38 $46 
Weighted Average Lease Information [Table]
Weighted-average lease terms and discount rates were as follows:
 20252024
OperatingFinanceOperatingFinance
Weighted-average remaining term in years4.44.14.88.2
Weighted-average discount rate4.5 %5.0 %4.2 %5.0 %
Lessee, Operating Lease, Liability, Maturity
Future minimum lease payments are as follows:
(Millions)OperatingFinance
2026$113 $34 
202794 16 
202871 9 
202955 7 
203031 3 
Thereafter30 8 
Total future undiscounted lease payments394 77 
Less interest39 7 
Total reported lease liability$355 $70 
Finance Lease, Liability, Fiscal Year Maturity
Future minimum lease payments are as follows:
(Millions)OperatingFinance
2026$113 $34 
202794 16 
202871 9 
202955 7 
203031 3 
Thereafter30 8 
Total future undiscounted lease payments394 77 
Less interest39 7 
Total reported lease liability$355 $70 
Schedule of Supplemental Cash Flow Information Related to Leases [Table]
The following table summarizes cash flow and other information related to leases:
(Millions)202520242023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$111 $95 $84 
Operating cash flows from finance leases$4 $2 $— 
Financing cash flows from finance leases$31 $20 $17 
ROU assets obtained in exchange for lease obligations:
Operating leases$93 $153 $117 
Finance leases
$37 $55 $17 
ROU assets obtained with business acquired:
Operating leases$15 
Finance leases$13