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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Jul. 31, 2021
Aug. 01, 2020
Aug. 03, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) including noncontrolling interests $ 155 $ (269) $ (285)
Income (loss) from discontinued operations, net of tax 6 (18) (3)
Net income (loss) from continuing operations 149 (251) (282)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 285 282 248
Share-based compensation 45 25 26
(Gain) loss on sale of assets (4) 18 (1)
Closed property and other restructuring charges 6 46 30
Goodwill impairment charges 0 425 293
Net pension and other postretirement benefit income (85) (39) (35)
Deferred income tax benefit (5) (71) (61)
LIFO charge 24 18 25
Provision for losses on receivables (5) 46 10
Non-cash interest expense and other adjustments 51 15 16
Changes in operating assets and liabilities, net of acquired businesses      
Accounts and notes receivable 24 (124) 53
Inventories 14 (111) 183
Prepaid expenses and other assets (37) 113 (48)
Accounts payable 15 107 (25)
Accrued expenses and other liabilities 137 (42) (139)
Net cash provided by operating activities of continuing operations 614 457 293
Net cash used in operating activities of discontinued operations 0 0 (8)
Net cash provided by operating activities 614 457 285
CASH FLOWS FROM INVESTING ACTIVITIES:      
Payments for capital expenditures (310) (173) (228)
Purchases of acquired businesses, net of cash acquired 0 0 (2,292)
Proceeds from dispositions of assets 82 147 179
Other (11) (2) 0
Net cash used in investing activities of continuing operations (239) (28) (2,341)
Net cash provided by investing activities of discontinued operations 2 27 82
Net cash used in investing activities (237) (1) (2,259)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from borrowings of long-term debt 500 2 1,927
Proceeds from borrowings under revolving credit line 3,676 4,278 3,972
Proceeds from issuance of other loans 0 6 22
Repayments of borrowings under revolving credit line (3,731) (4,601) (3,102)
Repayments of long-term debt and finance leases (792) (122) (780)
Proceeds from the issuance of common stock and exercise of stock options 1 14 24
Payment of employee restricted stock tax withholdings (14) (1) (3)
Payments for debt issuance costs (13) 0 (63)
Distributions to noncontrolling interests (4) (5) (1)
Repayments of other loans (6) (24) 0
Other (1) 0 0
Net cash (used in) provided by financing activities (384) (453) 1,996
EFFECT OF EXCHANGE RATE ON CASH 1 (1) 0
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (6) 2 22
Cash and cash equivalents, at beginning of period 47 45 23
Cash and cash equivalents, at end of period 41 47 45
Less: cash and cash equivalents of discontinued operations 0 0 (1)
Cash and cash equivalents 41 47 44
Supplemental disclosures of cash flow information:      
Cash paid for interest 146 182 183
Cash (refunds) payments for federal, state and foreign income taxes, net (16) (22) 78
Additions of property and equipment included in Accounts payable $ 35 $ 27 $ 10