Consolidated Statements of Cash Flows - USD ($)
$ in Millions |
6 Months Ended |
Jan. 31, 2016 |
Feb. 01, 2015 |
| Cash flows from operating activities: |
|
|
| Net earnings |
$ 459
|
$ 470
|
| Adjustments to reconcile net earnings to operating cash flow |
|
|
| Restructuring charges |
30
|
0
|
| Stock-based compensation |
34
|
31
|
| Pension and postretirement benefit expense/(income) |
109
|
(12)
|
| Depreciation and amortization |
152
|
149
|
| Deferred income taxes |
(14)
|
18
|
| Other, net |
4
|
10
|
| Changes in working capital |
|
|
| Accounts receivable |
(130)
|
(125)
|
| Inventories |
133
|
73
|
| Prepaid assets |
(2)
|
(3)
|
| Accounts payable and accrued liabilities |
(30)
|
(16)
|
| Receipts from hedging activities |
0
|
9
|
| Other |
(18)
|
(20)
|
| Net cash provided by operating activities |
727
|
584
|
| Cash flows from investing activities: |
|
|
| Purchases of plant assets |
(153)
|
(143)
|
| Sales of plant assets |
4
|
8
|
| Other, net |
10
|
(8)
|
| Net cash used in investing activities |
(139)
|
(143)
|
| Cash flows from financing activities: |
|
|
| Net short-term borrowings (repayments) |
(252)
|
171
|
| Repayments of notes payable |
0
|
(300)
|
| Dividends paid |
(197)
|
(199)
|
| Treasury stock purchases |
(86)
|
(133)
|
| Treasury stock issuances |
2
|
8
|
| Excess tax benefits on stock-based compensation |
7
|
5
|
| Net cash used in financing activities |
(526)
|
(448)
|
| Effect of exchange rate changes on cash |
(9)
|
(24)
|
| Net change in cash and cash equivalents |
53
|
(31)
|
| Cash and cash equivalents - beginning of period |
253
|
232
|
| Cash and cash equivalents - end of period |
$ 306
|
$ 201
|