Fair Value Measurements (Tables)

12 Months Ended

Jul. 28, 2013

Fair Value Disclosures [Abstract]

Fair Value, Assets And Liabilities Measured on Recurring Basis

The following table presents the company’s financial assets and liabilities that are measured at fair value on a recurring basis as of July 28, 2013, and July 29, 2012, consistent with the fair value hierarchy:

	Fair Value as of July 28, 2013		Fair Value Measurements at July 28, 2013 Using Fair Value Hierarchy						Fair Value as of July 29, 2012		Fair Value Measurements at July 29, 2012 Using Fair Value Hierarchy
			Level 1		Level 2		Level 3				Level 1		Level 2		Level 3
Assets
Interest rate swaps(1)	$	1	$	—	$	1	$	—	$	13	$	—	$	13	$	—
Forward starting interest rate swaps(1)	23		—		23		—		2		—		2		—
Foreign exchange forward contracts(2)	4		—		4		—		2		—		2		—
Cross-currency swap contracts(3)	—		—		—		—		19		—		19		—
Commodity derivative contracts(4)	2		2		—		—		8		5		3		—
Deferred compensation derivative contracts(5)	2		—		2		—		1		—		1		—
Total assets at fair value	$	32	$	2	$	30	$	—	$	45	$	5	$	40	$	—

	Fair Value as of July 28, 2013		Fair Value Measurements at July 28, 2013 Using Fair Value Hierarchy						Fair Value as of July 29, 2012		Fair Value Measurements at July 29, 2012 Using Fair Value Hierarchy
			Level 1		Level 2		Level 3				Level 1		Level 2		Level 3
Liabilities
Foreign exchange forward contracts(2)	$	6	$	—	$	6	$	—	$	—	$	—	$	—	$	—
Cross-currency swap contracts(3)	24		—		24		—		79		—		79		—
Commodity derivative contracts(4)	6		5		1		—		4		2		2		—
Deferred compensation obligation(6)	123		123		—		—		109		109		—		—
Total liabilities at fair value	$	159	$	128	$	31	$	—	$	192	$	111	$	81	$	—

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⁽¹⁾  Based on LIBOR swap rates.

⁽²⁾  Based on observable market transactions of spot currency rates and forward rates.

⁽³⁾  Based on observable local benchmarks for currency and interest rates.

⁽⁴⁾  Based on quoted futures exchanges and on observable prices of futures and options transactions in the marketplace.

⁽⁵⁾  Based on LIBOR and equity index swap rates.

⁽⁶⁾  Based on the fair value of the participants’ investments.

Fair Value, Assets Measured on Nonrecurring Basis

The following table presents the company’s fair value measurements of intangible assets that were recognized in the years ended July 28, 2013, and July 29, 2012, respectively:

	2013				2012
Intangible assets	Impairment		Fair Value		Impairment		Fair Value
Blå Band	$	1	$	19	$	3	$	20
Heisse Tasse	4		6		—		—
Isomitta	8		4		—		—
Royco	23		53		—		—