v3.26.3
Financial Instruments (Tables)
 12 Months Ended
Aug. 02, 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 as of August 2, 2026, and August 3, 2025:
(Millions)Balance Sheet Classification20262025
Asset Derivatives
Derivatives designated as hedges:
Foreign exchange contractsOther current assets$5 $— 
Total derivatives designated as hedges$5 $— 
Derivatives not designated as hedges:
Commodity contractsOther current assets$12 $12 
Deferred compensation contractsOther current assets1 1 
Foreign exchange contractsOther current assets1 2 
Commodity contractsOther assets1 — 
Total derivatives not designated as hedges$15 $15 
Total asset derivatives$20 $15 
(Millions)Balance Sheet Classification20262025
Liability Derivatives
Derivatives designated as hedges:
Foreign exchange contractsAccrued liabilities$— $3 
Fixed-to-floating interest rate swapsOther liabilities26 — 
Total derivatives designated as hedges$26 $3 
Derivatives not designated as hedges:
Commodity contractsAccrued liabilities$5 $11 
Commodity contractsOther liabilities2 — 
Total derivatives not designated as hedges$7 $11 
Total liability derivatives$33 $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 August 2, 2026, and August 3, 2025, would be adjusted as detailed in the following table:
20262025
(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$20 $(6)$14 $15 $(5)$10 
Total liability derivatives$33 $(6)$27 $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 August 2, 2026, and August 3, 2025, would be adjusted as detailed in the following table:
20262025
(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$20 $(6)$14 $15 $(5)$10 
Total liability derivatives$33 $(6)$27 $14 $(5)$9 
Schedule Of Changes In Cash-Flow Hedges In Other Comprehensive Income (Loss) [Table Text Block]
The following table shows 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)202620252024
OCI derivative gain (loss) at beginning of year$(14)$(11)$(5)
Effective portion of changes in fair value recognized in OCI:
Foreign exchange contracts5 (3)6 
Forward starting interest rate swaps— — (11)
Amount of loss (gain) reclassified from OCI to earnings:Location in Earnings
Foreign exchange contractsCost of products sold3 (3)(3)
Forward starting interest rate swapsInterest expense2 3 2 
OCI derivative gain (loss) at end of year$(4)$(14)$(11)
Schedule of Cash Flow and Fair Value Hedging Instruments, Statements of Financial Performance and Financial Position, Location
The following table shows 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:
202620252024
(Millions)Cost of products soldInterest expenseCost of products soldInterest expenseCost of products soldInterest expense
Consolidated Statements of Earnings$7,002 $331 $7,134 $345 $6,665 $249 
Loss (gain) on cash-flow hedges:
Amount of loss (gain) reclassified from OCI to earnings$3 $2 $(3)$3 $(3)$2 
Loss (gain) on fair-value hedges:
Amount of loss (gain) recognized on hedged item in earnings$— $(26)$— $— $— $— 
Amount of loss (gain) on derivative recognized in earnings$— $26 $— $— $— $— 
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)2026202520262025
Balance Sheet Classification:
Long-term debt$567 $— $(26)$— 
Derivatives Not Designated as Hedging Instruments
The following table shows the effects of our derivative instruments not designated as hedges in the Consolidated Statements of Earnings:
(Millions)Location of Loss (Gain)
Recognized in Earnings		202620252024
Foreign exchange contractsCost of products sold$4 $(3)$(1)
Commodity contractsCost of products sold(18)(10)14 
Deferred compensation contractsAdministrative expenses(13)(9)(8)
Total$(27)$(22)$5