v3.25.4
Financial Instruments (Tables)
 6 Months Ended
Feb. 01, 2026
General Discussion of Derivative Instruments and Hedging Activities [Abstract]  
Schedule Of The Fair Value Of Derivative Instruments [Table Text Block]
The following tables summarize the fair value of derivative instruments on a gross basis as recorded in the Consolidated Balance Sheets:
(Millions)Balance Sheet ClassificationFebruary 1, 2026August 3,
2025
Asset Derivatives
Derivatives not designated as hedges:
Commodity contractsOther current assets$23 $12 
Deferred compensation contractsOther current assets3 1 
Foreign exchange contractsOther current assets2 2 
Total derivatives not designated as hedges$28 $15 
Total asset derivatives$28 $15 
(Millions)Balance Sheet ClassificationFebruary 1, 2026August 3,
2025
Liability Derivatives
Derivatives designated as hedges:
Foreign exchange contractsAccrued liabilities$2 $3 
Fixed-to-floating interest rate swapsOther liabilities6 — 
Total derivatives designated as hedges$8 $3 
Derivatives not designated as hedges:
Commodity contractsAccrued liabilities$8 $11 
Foreign exchange contractsAccrued liabilities1 — 
Total derivatives not designated as hedges$9 $11 
Total liability derivatives$17 $14 
Schedule of Offsetting Assets [Table Text Block]
We do not offset the fair values of derivative assets and liabilities executed with the same counterparty that are generally subject to enforceable netting agreements. However, if we were to offset and record the asset and liability balances of derivatives on a net basis, the amounts presented in the Consolidated Balance Sheets as of February 1, 2026, and August 3, 2025, would be adjusted as detailed in the following table:
February 1, 2026August 3, 2025
(Millions)Gross Amounts Presented in the Consolidated Balance SheetGross Amounts Not Offset in the Consolidated Balance Sheet Subject to Netting AgreementsNet AmountGross Amounts Presented in the Consolidated Balance SheetGross Amounts Not Offset in the Consolidated Balance Sheet Subject to Netting AgreementsNet Amount
Total asset derivatives$28 $(9)$19 $15 $(5)$10 
Total liability derivatives$17 $(9)$8 $14 $(5)$9 
Schedule of Offsetting Liabilities [Table Text Block]
We do not offset the fair values of derivative assets and liabilities executed with the same counterparty that are generally subject to enforceable netting agreements. However, if we were to offset and record the asset and liability balances of derivatives on a net basis, the amounts presented in the Consolidated Balance Sheets as of February 1, 2026, and August 3, 2025, would be adjusted as detailed in the following table:
February 1, 2026August 3, 2025
(Millions)Gross Amounts Presented in the Consolidated Balance SheetGross Amounts Not Offset in the Consolidated Balance Sheet Subject to Netting AgreementsNet AmountGross Amounts Presented in the Consolidated Balance SheetGross Amounts Not Offset in the Consolidated Balance Sheet Subject to Netting AgreementsNet Amount
Total asset derivatives$28 $(9)$19 $15 $(5)$10 
Total liability derivatives$17 $(9)$8 $14 $(5)$9 
Schedule Of Changes In Cash-Flow Hedges In Other Comprehensive Income (Loss) [Table Text Block]
The following tables show the effect of our derivative instruments designated as cash-flow hedges in other comprehensive income (loss) (OCI) and the Consolidated Statements of Earnings:
 Total Cash-flow Hedge
OCI Activity
(Millions) February 1, 2026January 26, 2025
Three Months Ended
OCI derivative gain (loss) at beginning of quarter$(10)$(10)
Effective portion of changes in fair value recognized in OCI:
Foreign exchange contracts(4)3 
Amount of loss (gain) reclassified from OCI to earnings:Location in Earnings
Foreign exchange contractsCost of products sold1 (1)
Forward starting interest rate swapsInterest expense1 — 
OCI derivative gain (loss) at end of quarter$(12)$(8)
Six Months Ended
OCI derivative gain (loss) at beginning of year$(14)$(11)
Effective portion of changes in fair value recognized in OCI:
Foreign exchange contracts(1)3 
Amount of loss (gain) reclassified from OCI to earnings:Location in Earnings
Foreign exchange contractsCost of products sold2 (1)
Forward starting interest rate swapsInterest expense1 1 
OCI derivative gain (loss) at end of quarter$(12)$(8)
Schedule of Cash Flow and Fair Value Hedging Instruments, Statements of Financial Performance and Financial Position, Location
The following tables show the total amounts of line items presented in the Consolidated Statements of Earnings in which the effects of derivative instruments designated as cash-flow and fair-value hedges are recorded and the total effect of hedge activity on these line items:
Three Months Ended
February 1, 2026January 26, 2025
(Millions)Cost of products soldInterest
expense		Cost of products soldInterest
expense
Consolidated Statements of Earnings$1,847 $82 $1,866 $88 
Loss (gain) on cash-flow hedges:
Amount of loss (gain) reclassified from OCI to earnings$1 $1 $(1)$— 
Loss (gain) on fair-value hedges:
Amount of loss (gain) recognized on hedged item in earnings$— $(6)$— $— 
Amount of loss (gain) on derivative recognized in earnings$— $6 $— $— 
Six Months Ended
February 1, 2026January 26, 2025
(Millions)Cost of products soldInterest
expense		Cost of products soldInterest
expense
Consolidated Statements of Earnings$3,732 $163 $3,771 $175 
Loss (gain) on cash-flow hedges:
Amount of loss (gain) reclassified from OCI to earnings$2 $1 $(1)$1 
Loss (gain) on fair-value hedges:
Amount of loss (gain) recognized on hedged item in earnings$— $(6)$— $— 
Amount of loss (gain) on derivative recognized in earnings$— $6 $— $— 
Schedule of Fair Value Hedged Item Location and Cumulative Loss (Gain)
The following table shows the location of the amounts recorded in the Consolidated Balance Sheets related to the cumulative fair value basis adjustments for fair-value hedges:
Carrying Amount of Hedged LiabilitiesCumulative Amount of Fair-value Hedging Loss (Gain) Included in the Carrying Amount
(Millions)February 1, 2026August 3,
2025		February 1, 2026August 3,
2025
Balance Sheet Classification:
Long-term debt$587 $— $(6)$— 
Derivatives Not Designated as Hedging Instruments [Table Text Block]
The following table shows the effects of our derivative instruments not designated as hedges in the Consolidated Statements of Earnings:
Location of Loss (Gain) Recognized in EarningsThree Months EndedSix Months Ended
(Millions)February 1, 2026January 26, 2025February 1, 2026January 26, 2025
Foreign exchange contractsCost of products sold$2 $(1)$2 $(1)
Commodity contractsCost of products sold(16)(14)(12)(18)
Deferred compensation contractsAdministrative expenses(2)(3)(8)(6)
Total$(16)$(18)$(18)$(25)