Noncontrolling Interest & VIE (Tables)

12 Months Ended

Aug. 02, 2026

Schedule of Variable Interest Entities [Table Text Block]

The carrying amounts of La Regina’s assets and liabilities included in our Consolidated Balance Sheets are summarized below. The assets can only be used to settle obligations of La Regina and creditors only have recourse to La Regina for the liabilities.


(Millions)	2026
Cash and cash equivalents	$	92
Accounts receivable, net	26
Inventories	93
Other current assets	30
Plant assets, net of depreciation	149
Goodwill	331
Other assets	37
Total assets	$	758

Short-term borrowings	77
Accounts payable	77
Accrued liabilities	10

Long-term debt	28

Other liabilities	10
Total liabilities	$	202

Redeemable Noncontrolling Interest [Table Text Block]

Changes in the redeemable noncontrolling interests are as follows:


(Millions)	2026
Balance at beginning of year	$	—
Acquisition(1)	300
Net earnings (loss) attributable to redeemable noncontrolling interests	2
Accretion of redeemable noncontrolling interests	5
Foreign currency translation adjustments	(3)
Balance at end of year	$	304

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(1) See Note 3 for additional information on the acquisition of La Regina.

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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