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Accumulated Other Comprehensive Income (Loss)
12 Months Ended
Jul. 31, 2022
Equity [Abstract]  
Accumulated Other Comprehensive Income Accumulated Other Comprehensive Income (Loss)
The components of Accumulated other comprehensive income (loss) consisted of the following:
(Millions)
Foreign Currency Translation Adjustments(1)
Cash-Flow Hedges(2)
Pension and Postretirement Benefit Plan Adjustments(3)
Total Accumulated Comprehensive Income (Loss)
Balance at July 28, 2019
$(218)$(9)$29 $(198)
Other comprehensive income (loss) before reclassifications(2)— — 
Losses (gains) reclassified from accumulated other comprehensive income (loss)(4)
210 — (22)188 
Net current-period other comprehensive income (loss)208 (22)188 
Balance at August 2, 2020
$(10)$(7)$$(10)
Other comprehensive income (loss) before reclassifications16 (4)— 12 
Losses (gains) reclassified from accumulated other comprehensive income (loss)— (4)
Net current-period other comprehensive income (loss)16 (4)15 
Balance at August 1, 2021
$$(4)$$
Other comprehensive income (loss) before reclassifications(6)14  8 
Losses (gains) reclassified from accumulated other comprehensive income (loss)
 (10)(1)(11)
Net current-period other comprehensive income (loss)(6)4 (1)(3)
Balance at July 31, 2022
$ $ $2 $2 
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(1)Included no tax as of July 31, 2022, August 1, 2021, and August 2, 2020, and a tax expense of $4 million as of July 28, 2019.
(2)Included no tax as of July 31, 2022, and a tax benefit of $1 million as of August 1, 2021 and August 2, 2020, and $2 million as of July 28, 2019.
(3)Included a tax expense of $1 million as of July 31, 2022 and August 1, 2021, $2 million as of August 2, 2020, and $8 million as of July 28, 2019.
(4)Reflects the reclassification from sale of businesses. See Note 3 for additional information.
Amounts related to noncontrolling interests were not material.
The amounts reclassified from Accumulated other comprehensive income (loss) consisted of the following:
(Millions)202220212020Location of Loss (Gain) Recognized in Earnings
Foreign currency translation adjustments:
Currency translation losses (gains) realized upon disposal of businesses$ $— $23 Other expenses / (income)
Currency translation losses (gains) realized upon disposal of businesses — 183 Earnings (loss) from discontinued operations
Total before tax — 206 
Tax expense (benefit) — 
Loss (gain), net of tax$ $— $210 
Losses (gains) on cash-flow hedges:
Commodity contracts$(14)$— $— Cost of products sold
Foreign exchange forward contracts1 (2)Cost of products sold
Foreign exchange forward contracts — Other expenses / (income)
Foreign exchange forward contracts — Earnings (loss) from discontinued operations
Forward starting interest rate swaps1 Interest expense
Total before tax(12)— 
Tax expense (benefit)2 (1)— 
Loss (gain), net of tax$(10)$$— 
Pension and postretirement benefit adjustments:
Prior service credit$(1)$(5)$(28)Other expenses / (income)
Tax expense (benefit) 
Loss (gain), net of tax$(1)$(4)$(22)