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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Jul. 30, 2022
Jul. 31, 2021
Aug. 01, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) including noncontrolling interests $ 254 $ 155 $ (269)
Income (loss) from discontinued operations, net of tax 0 6 (18)
Net income (loss) from continuing operations 254 149 (251)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 285 285 282
Share-based compensation 44 45 25
(Gain) loss on sale of assets (87) (4) 18
Closed property and other restructuring charges 2 6 46
Goodwill impairment charges 0 0 425
Net pension and other postretirement benefit income (40) (85) (39)
Deferred income tax expense (benefit) 55 (5) (71)
LIFO charge 158 24 18
Provision for losses on receivables 2 (5) 46
Non-cash interest expense and other adjustments 24 51 15
Changes in operating assets and liabilities, net of acquired businesses      
Accounts and notes receivable (108) 24 (124)
Inventories (264) 14 (111)
Prepaid expenses and other assets (155) (37) 113
Accounts payable 86 15 107
Accrued expenses and other liabilities 75 137 (42)
Net cash provided by operating activities 331 614 457
CASH FLOWS FROM INVESTING ACTIVITIES:      
Payments for capital expenditures (251) (310) (173)
Proceeds from dispositions of assets 230 82 147
Other (28) (11) (2)
Net cash used in investing activities of continuing operations (49) (239) (28)
Net cash provided by investing activities of discontinued operations 0 2 27
Net cash used in investing activities (49) (237) (1)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from borrowings of long-term debt 0 500 2
Proceeds from borrowings under revolving credit line 4,425 3,676 4,278
Proceeds from issuance of other loans 0 0 6
Repayments of borrowings under revolving credit line (4,287) (3,731) (4,601)
Repayments of long-term debt and finance leases (376) (792) (122)
Proceeds from the issuance of common stock and exercise of stock options 8 1 14
Payment of employee restricted stock tax withholdings (41) (14) (1)
Payments for debt issuance costs (6) (13) 0
Distributions to noncontrolling interests (4) (4) (5)
Repayments of other loans 0 (6) (24)
Other 2 (1) 0
Net cash used in financing activities (279) (384) (453)
EFFECT OF EXCHANGE RATE ON CASH 0 1 (1)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 3 (6) 2
Cash and cash equivalents, at beginning of period 41 47 45
Cash and cash equivalents, at end of period 44 41 47
Supplemental disclosures of cash flow information:      
Cash paid for interest 134 146 182
Cash payments (refunds) for federal, state and foreign income taxes, net 5 (16) (22)
Additions of property and equipment included in Accounts payable $ 45 $ 35 $ 27