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Supplemental Financial Statement Data
 12 Months Ended
Aug. 03, 2014
Supplemental Financial Statement Data [Abstract]  
Supplemental Financial Information Data
Supplemental Financial Statement Data
Balance Sheets
 
2014
 
2013
Accounts receivable
 
 
 
   Customer accounts receivable
$
597

 
$
587

   Allowances
(12
)
 
(11
)
   Subtotal
585

 
576

   Other
85

 
59

 
$
670

 
$
635

 
 
 
 
Inventories
 
 
 
   Raw materials, containers and supplies
$
399

 
$
364

   Finished products
617

 
561

 
$
1,016

 
$
925

 
 
 
 
Other current assets
 
 
 
   Deferred taxes
$
96

 
$
90

   Fair value of derivatives
15

 
9

   Other
71

 
36

 
$
182

 
$
135

 
 
 
 
Plant assets
 
 
 
   Land
$
62

 
$
59

   Buildings
1,384

 
1,349

   Machinery and equipment
3,856

 
4,017

   Projects in progress
217

 
230

   Total cost
5,519

 
5,655

   Accumulated depreciation(1)
(3,201
)
 
(3,395
)
 
$
2,318

 
$
2,260

 
 
 
 
Other assets
 
 
 
   Fair value of derivatives
$
—

 
$
23

   Deferred taxes
32

 
27

   Other
55

 
81

 
$
87

 
$
131

 
2014
 
2013
Accrued liabilities
 
 
 
   Accrued compensation and benefits
$
237

 
$
270

   Fair value of derivatives
17

 
35

   Accrued trade and consumer promotion programs
122

 
137

   Accrued interest
37

 
41

   Restructuring
31

 
21

   Other
109

 
113

 
$
553

 
$
617

Other liabilities
 
 
 
   Pension benefits
$
170

 
$
190

   Deferred compensation(2)
109

 
112

   Postretirement benefits
359

 
361

   Fair value of derivatives
6

 
1

   Unrecognized tax benefits
23

 
40

   Other
62

 
72

 
$
729

 
$
776

____________________________________ 
(1) 
Depreciation expense was $287 in 2014, $393 in 2013 and $258 in 2012. Depreciation expense of continuing operations was $287 in 2014, $382 in 2013 and $247 in 2012. Buildings are depreciated over periods ranging from 7 to 45 years. Machinery and equipment are depreciated over periods generally ranging from 2 to 20 years.
(2) 
The deferred compensation obligation represents unfunded plans maintained for the purpose of providing the company's directors and certain of its executives the opportunity to defer a portion of their compensation. All forms of compensation contributed to the deferred compensation plans are accounted for in accordance with the underlying program. Deferrals and company contributions are credited to an investment account in the participant's name, although no funds are actually contributed to the investment account and no investments are actually purchased. Seven investment choices are available, including: (1) a book account that tracks the total return on company stock; (2) a book account that tracks the performance of the Vanguard Institutional Index; (3) a book account that tracks the performance of the Vanguard Extended Market Index; (4) a book account that tracks the performance of the Vanguard Total International Stock Index; (5) a book account that tracks the performance of the Vanguard Total Bond Market Index; (6) a book account that tracks the performance of the Vanguard Short-Term Bond Index; and (7) a book account that tracks the BlackRock Liquidity TempFund. Participants can reallocate investments daily and are entitled to the gains and losses on investment funds. The company recognizes an amount in the Consolidated Statements of Earnings for the market appreciation/depreciation of each fund.
Statements of Earnings
 
2014
 
2013
 
2012
Other Expenses/(Income)
 
 
 
 
 
   Foreign exchange (gains)/losses(1)
$
6

 
$
3

 
$
(3
)
   Amortization of intangible assets
18

 
14

 
1

   Acquisition related costs
—

 
10

 
5

   Other
(2
)
 
2

 
8

 
$
22

 
$
29

 
$
11

 
 
 
 
 
 
Advertising and consumer promotion expense(2)
$
411

 
$
419

 
$
476

 
 
 
 
 
 
Interest expense
 
 
 
 
 
   Interest expense
$
124

 
$
138

 
$
116

   Less: Interest capitalized
2

 
3

 
2

 
$
122

 
$
135

 
$
114

____________________________________ 
(1) 
2014 included a loss of $9 on foreign exchange forward contracts used to hedge the proceeds from the sale of the European simple meals business.
(2) 
Included in Marketing and selling expenses.

Statements of Cash Flows
 
2014
 
2013
 
2012
Cash Flows from Operating Activities
 
 
 
 
 
Other non-cash charges to net earnings
 
 
 
 
 
Non-cash compensation/benefit related expense
$
114

 
$
134

 
$
106

Other
4

 
21

 
12

 
$
118

 
$
155

 
$
118

 
 
 
 
 
 
Other
 
 
 
 
 
Benefit related payments
$
(52
)
 
$
(54
)
 
$
(84
)
Other
(1
)
 
(4
)
 
(2
)
 
$
(53
)
 
$
(58
)
 
$
(86
)
 
 
 
 
 
 
Other Cash Flow Information
 
 
 
 
 
Interest paid
$
122

 
$
124

 
$
115

Interest received
$
3

 
$
10

 
$
8

Income taxes paid
$
421

 
$
345

 
$
300