Taxes on Earnings (Tables)

12 Months Ended

Aug. 01, 2021

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The provision for income taxes on earnings from continuing operations consists of the following:

	2021		2020		2019
Income taxes:
Currently payable:
Federal	$	151	$	152	$	104
State	34		26		19
Non-U.S.	6		3		5
	191		181		128
Deferred:
Federal	102		(12)		19
State	33		4		7
Non-U.S.	2		1		(3)
	137		(7)		23
	$	328	$	174	$	151

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

	2021		2020		2019
Earnings from continuing operations before income taxes:
United States	$	1,308	$	737	$	624
Non-U.S.	28		29		1
	$	1,336	$	766	$	625

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The following is a reconciliation of the effective income tax rate on continuing operations to the U.S. federal statutory income tax rate:

	2021		2020		2019
Federal statutory income tax rate	21.0	%	21.0	%	21.0	%
State income taxes (net of federal tax benefit)	3.1		3.5		2.2
Tax effect of international items	0.2		(0.3)		—
Tax Cuts and Jobs Act - transition tax	—		—		0.3
Divestiture impact on deferred taxes	(0.9)		—		1.2
Legal entity reorganization	1.4		—		—
Capital loss on the sale of the Plum baby food and snacks business	(1.3)		—		—
Capital loss valuation allowance on the sale of the Plum baby food and snacks business	1.3		—		—
Benefit on sale of the European chips business	—		(1.3)		—
Other	(0.2)		(0.2)		(0.5)
Effective income tax rate	24.6	%	22.7	%	24.2	%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

Deferred tax liabilities and assets of continuing operations and discontinued operations are comprised of the following:

	2021		2020
Depreciation	$	352	$	319
Amortization	869		856
Operating lease ROU assets	53		63
Pension	45		—
Other	9		9
Deferred tax liabilities	1,328		1,247
Benefits and compensation	127		144
Pension benefits	38		58
Tax loss carryforwards	24		31
Capital loss carryforwards	117		95
Operating lease liabilities	53		63
Other	61		65
Gross deferred tax assets	420		456
Deferred tax asset valuation allowance	(142)		(122)
Deferred tax assets, net of valuation allowance	278		334
Net deferred tax liability	$	1,050	$	913

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

A reconciliation of the activity related to unrecognized tax benefits follows:

	2021		2020		2019
Balance at beginning of year	$	23	$	24	$	32
Increases related to prior-year tax positions	—		—		1
Decreases related to prior-year tax positions	(1)		(1)		(1)
Increases related to current-year tax positions	3		2		2
Settlements	—		(1)		(9)
Lapse of statute	(3)		(1)		(1)
Balance at end of year	$	22	$	23	$	24