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v3.25.2

Taxes on Earnings (Tables) | 12 Months Ended
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Aug. 03, 2025
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | The provision for income taxes on earnings consists of the following:
(Millions) | 2025 |  | 2024 |  | 2023
Income taxes: |  |  |  |  |
Currently payable: |  |  |  |  |
Federal | $ | 202 |  |  | $ | 190 |  |  | $ | 229 |
State | 42 |  |  | 41 |  |  | 39 |
Non-U.S. | 4 |  |  | 6 |  |  | 7 |
| 248 |  |  | 237 |  |  | 275 |
Deferred: |  |  |  |  |
Federal | (40) |  |  | (37) |  |  | (8) |
State | (14) |  |  | (9) |  |  | 2 |
Non-U.S. | — |  |  | (1) |  |  | 1 |
| (54) |  |  | (47) |  |  | (5) |
| $ | 194 |  |  | $ | 190 |  |  | $ | 270 |
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block] |
(Millions) |  | 2025 |  | 2024 |  | 2023
Earnings before income taxes: |  |  |  |  |  |
United States |  | $ | 784 |  |  | $ | 735 |  |  | $ | 1,105 |
Non-U.S. |  | 12 |  |  | 22 |  |  | 23 |
|  | $ | 796 |  |  | $ | 757 |  |  | $ | 1,128 |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | The following is a reconciliation of the effective income tax rate to the U.S. federal statutory income tax rate:
| 2025 |  | 2024 |  | 2023
Federal statutory income tax rate | 21.0 | % |  | 21.0 | % |  | 21.0 | %
State income taxes (net of federal tax benefit) | 2.8 |  |  | 3.2 |  |  | 2.9 |
Tax effect of international items | — |  |  | (0.1) |  |  | — |
State income tax law changes | (0.4) |  |  | (0.1) |  |  | 0.1 |
Divestitures | 1.8 |  |  | — |  |  | 0.2 |
Nondeductible executive compensation(1) | 0.4 |  |  | 1.5 |  |  | 0.4 |
Other | (1.2) |  |  | (0.4) |  |  | (0.7) |
Effective income tax rate | 24.4 | % |  | 25.1 | % |  | 23.9 | %
__________________________________________ (1)The increase in 2024 is associated with the acquisition of Sovos Brands.
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | Deferred tax liabilities and assets are comprised of the following:
(Millions) | 2025 |  | 2024
Depreciation | $ | 353 |  |  | $ | 353 |
Amortization | 1,197 |  |  | 1,260 |
Operating lease ROU assets | 81 |  |  | 86 |
Pension | 30 |  |  | 34 |
Other | 12 |  |  | 10 |
Deferred tax liabilities | 1,673 |  |  | 1,743 |
Benefits and compensation | 98 |  |  | 113 |
Pension benefits | 23 |  |  | 24 |
Tax loss carryforwards | 5 |  |  | 7 |
Capital loss carryforwards | 18 |  |  | 24 |
Operating lease liabilities | 88 |  |  | 91 |
Capitalized research and development | 44 |  |  | 34 |
Other | 69 |  |  | 55 |
Gross deferred tax assets | 345 |  |  | 348 |
Deferred tax asset valuation allowance | (23) |  |  | (29) |
Deferred tax assets, net of valuation allowance | 322 |  |  | 319 |
Net deferred tax liability | $ | 1,351 |  |  | $ | 1,424 |
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block] | A reconciliation of the activity related to unrecognized tax benefits follows:
(Millions) | 2025 |  | 2024 |  | 2023
Balance at beginning of year | $ | 17 |  |  | $ | 15 |  |  | $ | 14 |
Increases related to prior-year tax positions | 1 |  |  | 2 |  |  | — |
Decreases related to prior-year tax positions | — |  |  | — |  |  | — |
Increases related to current-year tax positions | 1 |  |  | 2 |  |  | 2 |
Settlements | — |  |  | — |  |  | — |
Lapse of statute | (1) |  |  | (2) |  |  | (1) |
Balance at end of year | $ | 18 |  |  | $ | 17 |  |  | $ | 15 |

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