Refer to the consolidated statements of cash flows in the Campbell Soup Company annual report within the appendix. (See page 43 . The PDF in the link may not be accessible.). Required: a. Identify the three most significant sources of cash from operating activities during 2020 . How much of a net cash source amount do these items represent? b. Identify the two most significant investing activities during 2020. How much cash did these activities use or generate? c. Identify the three most significant financing activities during 2020. What was the net effect on cash of these items? Identify the two most significant investing activities during 2020. How much cash did these activities use or generate? Note: Enter your answers in millions. Negative amounts should be indicated by a minus sign. Refer to the consolidated statements of cash flows in the Campbell Soup Company annual report within the appendix. (See page 43. The PDF in the link may not be accessible.). Required: a. Identify the three most significant sources of cash from operating activities during 2020 . How much of a net cash source amount do these items represent? b. Identify the two most significant investing activities during 2020. How much cash did these activities use or generate? c. Identify the three most significant financing activities during 2020. What was the net effect on cash of these items? Identify the three most significant sources of cash from operating activities during 2020. How much of a net cash source amount do these items represent? Note: Enter your answers in millions. Negative amounts should be indicated by a minus sign. Refer to the consolidated statements of cash flows in the Campbell Soup Company annual report within the appendix. (See page 43. The PDF in the link may not be accessible.). Required: a. Identify the three most significant sources of cash from operating activities during 2020 . How much of a net cash source amount these items represent? b. Identify the two most significant investing activities during 2020. How much cash did these activities use or generate? c. Identify the three most significant financing activities during 2020. What was the net effect on cash of these items? Identify the three most significant financing activities during 2020. What was the net effect on cash of these items? Note: Enter your answers in millions. Negative amounts should be indicated by a minus sign. Deferred tax liabilities and assets of continuing operations and discontinued operations are commrised of the followina- Statements of Earnings were earnings were not material in 2020, 2019, and 2018. The total amount of interest and penalties recognized in the Consolidated Balance Sheets in Other liabilities was \$4 as of August 2, 2020, and as of July 28, 2019. We do business internationally and, as a result, file income tax returns in the U.S. federal jurisdiction and various state and non-U.S. jurisdictions. In the normal course of business, we are subject to examination by taxing authorities throughout the world, including such major jurisdictions as the U.S. and Canada. The 2019 and 2020 tax years are currently under audit by the Internal Revenue Service. In addition, several state income tax examinations are in progress for the years 2015 to 2018. With limited exceptions, we have been audited for income tax purposes in Canada through 2015. 14. Short-term Borrowings and Long-term Debt Short-term borrowings consist of the following: At August 2, 2020, our U.S. and non-U.S. subsidiaries had tax loss carryforwards of approximately \$361. Of these carryforwards, $39 may be carried forward indefinitely, and $322 expire between 2021 and 2037 , with the majority expiring after 2028. At August 2, 2020, deferred tax asset valuation allowances have been established to offset $134 of these tax loss carryforwards. Additionally, as of August 2, 2020, our U.S. and non-U.S. subsidiaries had capital loss carryforwards of approximately $382, all of which were offset by valuation allowances. The decrease in the total capital loss carryforwards for 2020 was primarily due to the sale of the Arnott's and other international operations. The net change in the deferred tax asset valuation allowance in 2020 was a decrease of $305. The decrease was primarily due to the sale of the Amott's and other international operations. The net change in the deferred tax asset valuation allowance in 2019 was an increase of $294. The increase was primarily due to the sale of Bolthouse Farms and the pending sale of the Arnott's and other international operations. The net change in the deferred tax asset valuation allowance in 2018 was an increase of \$13. The increase was primarily due to the acquisition of Snyder's-Lance and the impact of currency. As of August 2,2020, and July 28, 2019, other deferred tax assets included $13 of state tax credit carryforwards related to various states that expire between 2021 and 2031. As of August 2, 2020, and July 28, 2019, deferred tax asset valuation allowances have been established to offset the $13 of state credit carryforwards. As of August 2, 2020, we had approximately $18 of undistributed earnings of foreign subsidiaries. Consistent with prior years, these unremitted earnings and the investment in our foreign subsidiaries are deemed to be permanently reinvested and no additional tax has been provided. It is not practical to estimate the tax liability that might be incurred if such earnings were remitted to the U.S. A reconciliation of the activity related to unrecognized tax benefits follows: The amount of unrecognized tax benefits that, if recognized, would impact the annual effective tax rate was $18 as of August 2,2020,$17 as of July 28,2019 , and $23 as of July 29,2018 . The total amount of unrecognized tax benefits can change due to audit settlements, tax examination activities, statute expirations and the recognition and measurement criteria under accounting for uncertainty in income taxes. Our accounting policy with respect to interest and penalties attributable to income taxes is to reflect any expense or benefit as a component of our income tax provision. The total amount of interest and penalties recognized in the Consolidated (1) Includes unamortized net discount/premium on debt issuances and debt issuance costs. As of August 2, 2020, the weighted-average interest rate of commercial paper, which consisted of U.S. borrowings, was 2.10%. As of July 28,2019 , the weighted-average interest rate was 2.97%. As of August 2,2020, we issued $34 of standby letters of credit. We have a committed revolving credit facility totaling $1,850 that matures in December 2021. This U.S. facility remained unused at August 2,2020, except for $1 of standby letters of credit that we issued under it. The U.S. facility supports our commercial paper programs and other general corporate purposes. In March 2020, we borrowed $300 under this revolving credit facility and on May 1, 2020 we repaid the borrowings. As of July 28, 2019, we had short-term borrowings of \$232 reflected in Current liabilities of discontinued operations. The borrowings were repaid in August 2019. Refer to the consolidated statements of cash flows in the Campbell Soup Company annual report within the appendix. (See page 43 . The PDF in the link may not be accessible.). Required: a. Identify the three most significant sources of cash from operating activities during 2020 . How much of a net cash source amount do these items represent? b. Identify the two most significant investing activities during 2020. How much cash did these activities use or generate? c. Identify the three most significant financing activities during 2020. What was the net effect on cash of these items? Identify the two most significant investing activities during 2020. How much cash did these activities use or generate? Note: Enter your answers in millions. Negative amounts should be indicated by a minus sign. Refer to the consolidated statements of cash flows in the Campbell Soup Company annual report within the appendix. (See page 43. The PDF in the link may not be accessible.). Required: a. Identify the three most significant sources of cash from operating activities during 2020 . How much of a net cash source amount do these items represent? b. Identify the two most significant investing activities during 2020. How much cash did these activities use or generate? c. Identify the three most significant financing activities during 2020. What was the net effect on cash of these items? Identify the three most significant sources of cash from operating activities during 2020. How much of a net cash source amount do these items represent? Note: Enter your answers in millions. Negative amounts should be indicated by a minus sign. Refer to the consolidated statements of cash flows in the Campbell Soup Company annual report within the appendix. (See page 43. The PDF in the link may not be accessible.). Required: a. Identify the three most significant sources of cash from operating activities during 2020 . How much of a net cash source amount these items represent? b. Identify the two most significant investing activities during 2020. How much cash did these activities use or generate? c. Identify the three most significant financing activities during 2020. What was the net effect on cash of these items? Identify the three most significant financing activities during 2020. What was the net effect on cash of these items? Note: Enter your answers in millions. Negative amounts should be indicated by a minus sign. Deferred tax liabilities and assets of continuing operations and discontinued operations are commrised of the followina- Statements of Earnings were earnings were not material in 2020, 2019, and 2018. The total amount of interest and penalties recognized in the Consolidated Balance Sheets in Other liabilities was \$4 as of August 2, 2020, and as of July 28, 2019. We do business internationally and, as a result, file income tax returns in the U.S. federal jurisdiction and various state and non-U.S. jurisdictions. In the normal course of business, we are subject to examination by taxing authorities throughout the world, including such major jurisdictions as the U.S. and Canada. The 2019 and 2020 tax years are currently under audit by the Internal Revenue Service. In addition, several state income tax examinations are in progress for the years 2015 to 2018. With limited exceptions, we have been audited for income tax purposes in Canada through 2015. 14. Short-term Borrowings and Long-term Debt Short-term borrowings consist of the following: At August 2, 2020, our U.S. and non-U.S. subsidiaries had tax loss carryforwards of approximately \$361. Of these carryforwards, $39 may be carried forward indefinitely, and $322 expire between 2021 and 2037 , with the majority expiring after 2028. At August 2, 2020, deferred tax asset valuation allowances have been established to offset $134 of these tax loss carryforwards. Additionally, as of August 2, 2020, our U.S. and non-U.S. subsidiaries had capital loss carryforwards of approximately $382, all of which were offset by valuation allowances. The decrease in the total capital loss carryforwards for 2020 was primarily due to the sale of the Arnott's and other international operations. The net change in the deferred tax asset valuation allowance in 2020 was a decrease of $305. The decrease was primarily due to the sale of the Amott's and other international operations. The net change in the deferred tax asset valuation allowance in 2019 was an increase of $294. The increase was primarily due to the sale of Bolthouse Farms and the pending sale of the Arnott's and other international operations. The net change in the deferred tax asset valuation allowance in 2018 was an increase of \$13. The increase was primarily due to the acquisition of Snyder's-Lance and the impact of currency. As of August 2,2020, and July 28, 2019, other deferred tax assets included $13 of state tax credit carryforwards related to various states that expire between 2021 and 2031. As of August 2, 2020, and July 28, 2019, deferred tax asset valuation allowances have been established to offset the $13 of state credit carryforwards. As of August 2, 2020, we had approximately $18 of undistributed earnings of foreign subsidiaries. Consistent with prior years, these unremitted earnings and the investment in our foreign subsidiaries are deemed to be permanently reinvested and no additional tax has been provided. It is not practical to estimate the tax liability that might be incurred if such earnings were remitted to the U.S. A reconciliation of the activity related to unrecognized tax benefits follows: The amount of unrecognized tax benefits that, if recognized, would impact the annual effective tax rate was $18 as of August 2,2020,$17 as of July 28,2019 , and $23 as of July 29,2018 . The total amount of unrecognized tax benefits can change due to audit settlements, tax examination activities, statute expirations and the recognition and measurement criteria under accounting for uncertainty in income taxes. Our accounting policy with respect to interest and penalties attributable to income taxes is to reflect any expense or benefit as a component of our income tax provision. The total amount of interest and penalties recognized in the Consolidated (1) Includes unamortized net discount/premium on debt issuances and debt issuance costs. As of August 2, 2020, the weighted-average interest rate of commercial paper, which consisted of U.S. borrowings, was 2.10%. As of July 28,2019 , the weighted-average interest rate was 2.97%. As of August 2,2020, we issued $34 of standby letters of credit. We have a committed revolving credit facility totaling $1,850 that matures in December 2021. This U.S. facility remained unused at August 2,2020, except for $1 of standby letters of credit that we issued under it. The U.S. facility supports our commercial paper programs and other general corporate purposes. In March 2020, we borrowed $300 under this revolving credit facility and on May 1, 2020 we repaid the borrowings. As of July 28, 2019, we had short-term borrowings of \$232 reflected in Current liabilities of discontinued operations. The borrowings were repaid in August 2019