v3.26.3
Leases (Tables)
 12 Months Ended
Aug. 02, 2026
Leases [Abstract]  
Lease, Cost
The components of lease costs were as follows:
(Millions)202620252024
Operating lease cost(1)
$114 $115 $101 
Finance lease - amortization of ROU assets33 29 22 
Finance lease - interest on lease liabilities4 4 2 
Short-term lease cost68 65 66 
Variable lease cost253 261 217 
Sublease income
(2)— — 
Total$470 $474 $408 
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(1)2024 excludes costs associated with the cost savings initiatives described in Note 9.
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 Classification20262025
ROU assets, netOther assets$285 $326 
Lease liabilities (current)Accrued liabilities$106 $96 
Lease liabilities (noncurrent)Other liabilities$207 $259 
Financing Leases
(Millions)Balance Sheet Classification20262025
ROU assets, netPlant assets, net of depreciation$82 $66 
Lease liabilities (current)Short-term borrowings$33 $32 
Lease liabilities (noncurrent)Long-term debt$51 $38 
Weighted Average Lease Information [Table]
Weighted-average lease terms and discount rates were as follows:
20262025
OperatingFinanceOperatingFinance
Weighted-average remaining term in years3.83.94.44.1
Weighted-average discount rate4.5 %4.5 %4.5 %5.0 %
Lessee, Operating Lease, Liability, Maturity
Future minimum lease payments are as follows:
(Millions)OperatingFinance
2027$117 $36 
202885 22 
202966 15 
203036 7 
203119 4 
Thereafter17 8 
Total future undiscounted lease payments340 92 
Less interest27 8 
Total reported lease liability$313 $84 
Finance Lease, Liability, Fiscal Year Maturity
Future minimum lease payments are as follows:
(Millions)OperatingFinance
2027$117 $36 
202885 22 
202966 15 
203036 7 
203119 4 
Thereafter17 8 
Total future undiscounted lease payments340 92 
Less interest27 8 
Total reported lease liability$313 $84 
Schedule of Supplemental Cash Flow Information Related to Leases [Table]
The following table summarizes cash flow and other information related to leases:
(Millions)202620252024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$117 $111 $95 
Operating cash flows from finance leases$4 $4 $2 
Financing cash flows from finance leases$35 $31 $20 
ROU assets obtained in exchange for lease obligations:
Operating leases$63 $93 $153 
Finance leases
$42 $37 $55 
ROU assets obtained with business acquired:
Operating leases$1 $— $15 
Finance leases$6 $— $13