XML 50 R37.htm IDEA: XBRL DOCUMENT v2.4.0.8
Pension And Postretirement Benefits (Tables)
12 Months Ended
Aug. 03, 2014
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Changes in Projected Benefit Obligations [Table Text Block]
Change in benefit obligation:
 
 
Pension
 
Postretirement
 
 
2014
 
2013
 
2014
 
2013
Obligation at beginning of year
 
$
2,489

 
$
2,748

 
$
390

 
$
413

Service cost
 
42

 
57

 
2

 
3

Interest cost
 
115

 
108

 
17

 
15

Actuarial (gain) loss
 
154

 
(230
)
 
5

 
(13
)
Participant contributions
 

 

 
6

 
6

Benefits paid
 
(191
)
 
(172
)
 
(35
)
 
(36
)
Medicare subsidies
 

 

 
3

 
2

Other
 
(4
)
 
(3
)
 

 

Settlements
 
(43
)
 

 

 

Curtailment
 

 
(2
)
 

 

Foreign currency adjustment
 
(12
)
 
(17
)
 

 

Divestiture
 
(11
)
 

 

 

Benefit obligation at end of year
 
$
2,539

 
$
2,489

 
$
388

 
$
390

Schedule of Amounts Recognized in Balance Sheet [Table Text Block]
Amounts recognized in the Consolidated Balance Sheets:
 
 
Pension
 
Postretirement
 
 
2014
 
2013
 
2014
 
2013
Other assets
 
$
7

 
$

 
$

 
$

Accrued liabilities
 
(12
)
 
(13
)
 
(29
)
 
(29
)
Other liabilities
 
(170
)
 
(190
)
 
(359
)
 
(361
)
Non-current liabilities held for sale
 

 
(11
)
 

 

Net amount recognized
 
$
(175
)
 
$
(214
)
 
$
(388
)
 
$
(390
)

 
 
Pension
 
Postretirement
Amounts recognized in accumulated other comprehensive loss consist of:
 
2014
 
2013
 
2014
 
2013
Net actuarial loss
 
$
1,019

 
$
1,068

 
$
96

 
$
104

Prior service credit
 
(2
)
 
(2
)
 
(5
)
 
(6
)
Total
 
$
1,017

 
$
1,066

 
$
91

 
$
98

Schedule of Assumptions Used [Table Text Block]
Weighted-average assumptions used to determine benefit obligations at the end of the year:
 
 
Pension
 
Postretirement
 
 
2014
 
2013
 
2014
 
2013
Discount rate
 
4.33%
 
4.82%
 
4.00%
 
4.50%
Rate of compensation increase
 
3.30%
 
3.30%
 
3.25%
 
3.25%
Schedule of Expected Benefit Payments [Table Text Block]
Estimated future benefit payments are as follows:
 
 
Pension
 
Postretirement
2015
 
$
151

 
$
29

2016
 
$
152

 
$
30

2017
 
$
153

 
$
31

2018
 
$
154

 
$
31

2019
 
$
160

 
$
31

2020-2024
 
$
838

 
$
145

Pension Plan, Defined Benefit [Member]
 
Defined Benefit Plan Disclosure [Line Items]  
Schedule Of Components Of Benefit Expense
Components of benefit expense were as follows:
 
Pension
 
2014
 
2013
 
2012
Service cost
$
42

 
$
57

 
$
55

Interest cost
115

 
108

 
122

Expected return on plan assets
(176
)
 
(177
)
 
(178
)
Amortization of prior service credit
(1
)
 
(1
)
 

Recognized net actuarial loss
76

 
108

 
74

Curtailment loss

 
3

 

Settlement charges
22

 

 

Net periodic benefit expense
$
78

 
$
98

 
$
73

Schedule of Changes in Fair Value of Plan Assets [Table Text Block]
Change in the fair value of pension plan assets:
 
 
2014
 
2013
Fair value at beginning of year
 
$
2,275

 
$
2,118

Actual return on plan assets
 
276

 
246

Employer contributions
 
46

 
87

Benefits paid
 
(179
)
 
(161
)
Settlements
 
(43
)
 

Foreign currency adjustment
 
(11
)
 
(15
)
Fair value at end of year
 
$
2,364

 
$
2,275

Schedule of Benefit Obligations in Excess of Fair Value of Plan Assets [Table Text Block]
The following table provides information for pension plans with accumulated benefit obligations in excess of plan assets:
 
 
2014
 
2013
Projected benefit obligation
 
$
269

 
$
1,817

Accumulated benefit obligation
 
$
257

 
$
1,791

Fair value of plan assets
 
$
92

 
$
1,625

Schedule of Assumptions Used [Table Text Block]
Weighted-average assumptions used to determine net periodic benefit cost for the years ended:
 
 
Pension
 
 
2014
 
2013
 
2012
Discount rate
 
4.82%
 
4.05%
 
5.41%
Expected return on plan assets
 
7.62%
 
7.65%
 
7.90%
Rate of compensation increase
 
3.30%
 
3.31%
 
3.31%
Schedule of Allocation of Plan Assets [Table Text Block]
The company’s year-end pension plan weighted-average asset allocations by category were:
 
Strategic Target
 
2014
 
2013
Equity securities
51%
 
51%
 
54%
Debt securities
35%
 
33%
 
32%
Real estate and other
14%
 
16%
 
14%
Net periodic benefit expense
100%
 
100%
 
100%
Pension plan assets are categorized based on the following fair value hierarchy:
Level 1: Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets.
Level 2: Inputs other than quoted prices included in Level 1 that are observable for the asset or liability through corroboration with observable market data.
Level 3: Unobservable inputs, which are valued based on the company's estimates of assumptions that market participants would use in pricing the asset or liability.
The following table presents the company’s pension plan assets by asset category at August 3, 2014 and July 28, 2013:
 
Fair Value
as of
August 3,
2014
 
Fair Value Measurements at
August 3, 2014 Using
Fair Value Hierarchy
 
Fair Value
as of
July 28,
2013
 
Fair Value Measurements at
July 28, 2013 Using
Fair Value Hierarchy
 
Level 1
 
Level 2
 
Level 3
 
Level 1
 
Level 2
 
Level 3
Short-term investments
$
60

 
$
23

 
$
37

 
$

 
$
78

 
$
36

 
$
42

 
$

Equities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S.
378

 
378

 

 

 
401

 
401

 

 

Non-U.S.
332

 
332

 

 

 
358

 
358

 

 

Corporate bonds:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S.
469

 

 
469

 

 
420

 

 
420

 

Non-U.S.
114

 

 
114

 

 
92

 

 
92

 

Government and agency bonds:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S.
62

 

 
62

 

 
41

 

 
41

 

Non-U.S.
46

 

 
46

 

 
37

 

 
37

 

Municipal bonds
84

 

 
84

 

 
73

 

 
73

 

Commingled funds:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Equities
426

 

 
426

 

 
393

 

 
393

 

Fixed income
3

 

 
3

 

 
29

 

 
29

 

Blended
95

 

 
95

 

 
88

 

 
88

 

Mortgage and asset backed securities
13

 

 
13

 

 
15

 

 
15

 

Real estate
117

 
5

 
92

 
20

 
107

 
6

 
83

 
18

Hedge funds
181

 

 
127

 
54

 
147

 

 
117

 
30

Total assets at fair value
$
2,380

 
$
738

 
$
1,568

 
$
74

 
$
2,279

 
$
801

 
$
1,430

 
$
48

Other items to reconcile to fair value of plan assets
(16
)
 
 
 
 
 
 
 
(4
)
 
 
 
 
 
 
Total pension assets at fair value
$
2,364

 
 
 
 
 
 
 
$
2,275

 
 
 
 
 
 
Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets [Table Text Block]
The following table summarizes the changes in fair value of Level 3 investments for the years ended August 3, 2014 and July 28, 2013:
 
 
Real Estate
 
Hedge Funds
 
Total
Fair value at July 28, 2013
 
$
18

 
$
30

 
$
48

Actual return on plan assets
 
2

 
2

 
4

Purchases
 
3

 
22

 
25

Sales
 
(3
)
 

 
(3
)
Settlements
 

 

 

Transfers out of Level 3
 

 

 

Fair value at August 3, 2014
 
$
20

 
$
54

 
$
74

 
 
Real Estate
 
Hedge Funds
 
Total
Fair value at July 29, 2012
 
$
35

 
$

 
$
35

Actual return on plan assets
 
2

 

 
2

Purchases
 

 
30

 
30

Sales
 
(3
)
 

 
(3
)
Settlements
 

 

 

Transfers out of Level 3
 
(16
)
 

 
(16
)
Fair value at July 28, 2013
 
$
18

 
$
30

 
$
48

Other Postretirement Benefit Plans, Defined Benefit [Member]
 
Defined Benefit Plan Disclosure [Line Items]  
Schedule Of Components Of Benefit Expense
 
Postretirement
 
2014
 
2013
 
2012
Service cost
$
2

 
$
3

 
$
3

Interest cost
17

 
15

 
18

Amortization of prior service credit
(1
)
 
(1
)
 
(1
)
Recognized net actuarial loss
13

 
15

 
9

Net periodic benefit expense
$
31

 
$
32

 
$
29

Schedule of Health Care Cost Trend Rates [Table Text Block]
Assumed health care cost trend rates at the end of the year:
 
 
2014
 
2013
Health care cost trend rate assumed for next year
 
8.25%
 
8.25%
Rate to which the cost trend rate is assumed to decline (ultimate trend rate)
 
4.50%
 
4.50%
Year that the rate reaches the ultimate trend rate
 
2022
 
2021
Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates [Table Text Block]
A one-percentage-point change in assumed health care costs would have the following effects on 2014 reported amounts:
 
 
Increase
 
Decrease
Effect on service and interest cost
 
$
1

 
$
(1
)
Effect on the 2014 accumulated benefit obligation
 
$
16

 
$
(18
)