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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Jul. 30, 2023
Jul. 31, 2022
Aug. 01, 2021
Cash flows from operating activities:      
Net earnings $ 858 $ 757 $ 1,002
Adjustments to reconcile net earnings to operating cash flow      
Restructuring charges 16 5 21
Stock-based compensation 63 59 64
Pension and postretirement benefit expense (income) (22) (7) (267)
Depreciation and amortization 387 337 317
Deferred income taxes (5) 21 137
Net loss on sales of businesses [1] 13 0 11
Loss on extinguishment of debt 0 4 0
Other 100 88 86
Changes in working capital, net of divestitures      
Accounts receivable (1) 48 (20)
Inventories (64) (314) (77)
Other current assets 13 25 (28)
Accounts payable and accrued liabilities (164) 200 (164)
Other (51) (42) (47)
Net cash provided by operating activities 1,143 1,181 1,035 Close
Cash flows from investing activities:      
Purchases of plant assets (370) (242) (275)
Purchases of route businesses (13) (1) (2)
Sales of route businesses 1 2 10
Sales of businesses 41 0 101
Other 1 11 8
Net cash used in investing activities (340) (230) (158) Close
Cash flows from financing activities:      
Short-term borrowings, including commercial paper 3,677 1,173 320
Short-term repayments, including commercial paper (3,749) (997) (580)
Long-term borrowings 500 0 0
Long-term repayments (566) 0 (921)
Dividends paid (447) (451) (439)
Treasury stock purchases (142) (167) (36)
Treasury stock issuances 22 3 2
Payments related to tax withholding for stock-based compensation (19) (18) (15)
Payments related to extinguishment of debt 0 (453) 0
Other 1 0 0
Net cash used in financing activities (723) (910) (1,669) Close
Effect of exchange rate changes on cash 0 (1) 2 Close
Net change in cash and cash equivalents 80 40 (790) Close
Cash and cash equivalents - beginning of period (including discontinued operations) 109 69 859
Less cash and cash equivalents discontinued operations - end of period 0 0 0
Cash and cash equivalents - end of period $ 189 $ 109 $ 69
[1] In 2023, we recognized a loss of $13 million on the sale of our Emerald nuts business. In 2021, we recognized a loss of $11 million on the sale of our Plum baby food and snacks business. See Note 3 for additional information.