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INCOME TAXES - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($)
$ in Millions
Jul. 31, 2021
Aug. 01, 2020
Deferred tax assets:    
Inventories, principally due to additional costs inventoried for tax purposes $ 0 $ 0
Compensation and benefits related 54 103
Accounts receivable, principally due to allowances for uncollectible accounts 6 12
Accrued expenses 37 33
Net operating loss carryforwards 16 13
Other tax carryforwards (interest, charitable contributions) 8 7
Foreign tax credits 1 1
Intangible assets 61 67
Lease liabilities 336 339
Interest rate swap agreements 25 37
Other deferred tax assets 6 6
Total gross deferred tax assets 550 618
Less valuation allowance (8) (3)
Net deferred tax assets 542 615
Deferred tax liabilities:    
Plant and equipment, principally due to differences in depreciation 125 164
Inventories 39 43
Lease right of use assets 321 300
Total deferred tax liabilities 485 507
Net deferred tax assets $ 57 $ 108