XML 21 R8.htm IDEA: XBRL DOCUMENT v3.23.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Millions
9 Months Ended
Apr. 29, 2023
Apr. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income including noncontrolling interests $ 97 $ 213
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 224 210
Share-based compensation 33 33
Gain on sale of property and equipment (9) (87)
Closed property and other restructuring charges 0 1
Net pension and other postretirement benefit income (22) (30)
Deferred income tax expense 2 0
LIFO charge 83 102
(Recoveries) provision for losses on receivables (2) 4
Non-cash interest expense and other adjustments 11 20
Changes in operating assets and liabilities (15) (497)
Net cash provided by (used in) operating activities 402 (31)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Payments for capital expenditures (218) (158)
Proceeds from dispositions of assets 14 231
Payments for investments (7) (28)
Net cash (used in) provided by investing activities (211) 45
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from borrowings under revolving credit line 2,387 3,853
Repayments of borrowings under revolving credit line (2,348) (3,453)
Repayments of long-term debt and finance leases (149) (369)
Repurchases of common stock (41) 0
Proceeds from the issuance of common stock and exercise of stock options 0 9
Payments of employee restricted stock tax withholdings (39) (42)
Payments for debt issuance costs 0 (1)
Distributions to noncontrolling interests (5) (4)
Repayments of other loans (2) 0
Net cash used in financing activities (197) (7)
EFFECT OF EXCHANGE RATE ON CASH 0 0
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (6) 7
Cash and cash equivalents, at beginning of period 44 41
Cash and cash equivalents, at end of period 38 48
Supplemental disclosures of cash flow information:    
Cash paid for interest 114 110
Cash refunds for federal, state, and foreign income taxes, net (4) 0
Leased assets obtained in exchange for new operating lease liabilities 198 260
Leased assets obtained in exchange for new finance lease liabilities 0 1
Additions of property and equipment included in Accounts payable $ 42 $ 27