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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Millions
9 Months Ended
Apr. 30, 2022
May 01, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income including noncontrolling interests $ 213 $ 111
Income from discontinued operations, net of tax 0 3
Net income from continuing operations 213 108
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation and amortization 210 210
Share-based compensation 33 33
Gain on sale of assets (87) 0
Closed property and other restructuring charges 1 3
Net pension and other postretirement benefit income (30) (51)
Deferred income tax benefit 0 (2)
LIFO charge 102 19
Provision (recoveries) for losses on receivables 4 (3)
Non-cash interest expense and other adjustments 20 45
Changes in operating assets and liabilities (497) (24)
Net cash (used in) provided by operating activities of continuing operations (31) 338
Net cash used in operating activities of discontinued operations 0 (2)
Net cash (used in) provided by operating activities (31) 336
CASH FLOWS FROM INVESTING ACTIVITIES:    
Payments for capital expenditures (158) (165)
Proceeds from dispositions of assets 231 57
Payments for investments (28) (4)
Net cash provided by (used in) investing activities of continuing operations 45 (112)
Net cash provided by investing activities of discontinued operations 0 1
Net cash provided by (used in) investing activities 45 (111)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from borrowings of long-term debt 0 500
Proceeds from borrowings under revolving credit line 3,853 3,452
Repayments of borrowings under revolving credit line (3,453) (3,369)
Repayments of long-term debt and finance leases (369) (787)
Proceeds from the issuance of common stock and exercise of stock options 9 0
Payment of employee restricted stock tax withholdings (42) (13)
Payments for debt issuance costs (1) (12)
Distributions to noncontrolling interests (4) (3)
Net cash used in financing activities (7) (232)
EFFECT OF EXCHANGE RATE ON CASH 0 0
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 7 (7)
Cash and cash equivalents, at beginning of period 41 47
Cash and cash equivalents, at end of period 48 40
Supplemental disclosures of cash flow information:    
Cash paid for interest 110 118
Cash payments (receipts) for federal, state, and foreign income taxes, net 0 (22)
Leased assets obtained in exchange for new operating lease liabilities 260 227
Leased assets obtained in exchange for new finance lease liabilities 1 0
Additions of property and equipment included in Accounts payable $ 27 $ 49