Financial Summary (All financials)
| In millions, except per share items | Jul-31-22 | Aug-01-21 | Aug-02-20 | Jul-28-19 | Jul-29-18 | Jul-30-17 | Jul-31-16 | Aug-02-15 |
| Revenues | 8,562.0 | 8,476.0 | 8,691.0 | 8,107.0 | 6,615.0 | 5,837.0 | 7,961.0 | 8,082.0 |
| Revenue growth | 1.0% | -2.5% | 7.2% | 22.6% | 13.3% | -26.7% | -1.5% | -2.2% |
| Cost of goods sold | 5,935.0 | 5,665.0 | 5,692.0 | 5,414.0 | 4,241.0 | 3,395.0 | 5,033.0 | 5,300.0 |
| Gross profit | 2,627.0 | 2,811.0 | 2,999.0 | 2,693.0 | 2,374.0 | 2,442.0 | 2,928.0 | 2,782.0 |
| Gross margin | 30.7% | 33.2% | 34.5% | 33.2% | 35.9% | 41.8% | 36.8% | 34.4% |
| Sales and marketing | 734.0 | 817.0 | 947.0 | 842.0 | 728.0 | 675.0 | 852.0 | 884.0 |
| Research and development | 87.0 | 84.0 | 93.0 | 91.0 | 91.0 | 93.0 | 105.0 | 117.0 |
| General and administrative | 617.0 | 598.0 | 622.0 | 610.0 | 563.0 | 448.0 | 575.0 | 601.0 |
| EBITA | 1,209.0 | 1,608.0 | 1,159.0 | 1,074.0 | 1,139.0 | 1,443.0 | 1,152.0 | 1,173.0 |
| EBITA margin | 14.1% | 19.0% | 13.3% | 13.2% | 17.2% | 24.7% | 14.5% | 14.5% |
| Amortization of intangibles | 41.0 | 42.0 | 43.0 | 48.0 | 20.0 | 1.0 | 20.0 | 17.0 |
| EBIT | 1,168.0 | 1,566.0 | 1,116.0 | 1,026.0 | 1,119.0 | 1,442.0 | 1,132.0 | 1,156.0 |
| EBIT margin | 13.6% | 18.5% | 12.8% | 12.7% | 16.9% | 24.7% | 14.2% | 14.3% |
| Pre-tax income | 975.0 | 1,336.0 | 766.0 | 625.0 | 830.0 | 1,316.0 | 849.0 | 949.0 |
| Income taxes | 218.0 | 328.0 | 174.0 | 151.0 | 106.0 | 392.0 | 286.0 | 283.0 |
| Tax rate | 22.4% | 24.6% | 22.7% | 24.2% | 12.8% | 29.8% | 33.7% | 29.8% |
| Earnings from continuing ops | 757.0 | 2,016.0 | 592.0 | 948.0 | 1,448.0 | 1,848.0 | 563.0 | 666.0 |
| Earnings from discontinued ops | | -6.0 | 1,036.0 | -263.0 | -463.0 | -37.0 | | |
| Net income | 757.0 | 2,010.0 | 1,628.0 | 685.0 | 985.0 | 1,811.0 | 563.0 | 666.0 |
| Net margin | 8.8% | 23.7% | 18.7% | 8.4% | 14.9% | 31.0% | 7.1% | 8.2% |
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| Diluted EPS | $2.51 | $6.61 | $1.95 | $3.14 | $4.79 | $6.02 | $1.81 | $2.13 |
| Shares outstanding (diluted) | 302.0 | 305.0 | 304.0 | 302.0 | 302.0 | 307.0 | 311.0 | 313.0 |
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| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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