Basis of Presentation and Significant Accounting Policies (Tables)

3 Months Ended

Nov. 01, 2015

Accounting Policies [Abstract]

Changes in Accounting Policies [Table Text Block]

The impacts of the changes in policy to the consolidated financial statements are summarized below:

	Three months ended November 1, 2015							Three months ended November 2, 2014
Consolidated Statements of Earnings	Prior Accounting Principles		Effect of Accounting Change			As Reported		Previously Reported		Effect of Accounting Change			Recast
Cost of products sold	$	1,412	$	36		$	1,448	$	1,472	$	(12	)	$	1,460
Marketing and selling expenses	216		10			226		247		(4		)	243
Administrative expenses	149		7			156		135		(4		)	131
Research and development expenses	29		3			32		29		(1		)	28
Earnings before interest and taxes	371		(56		)	315		368		21			389
Earnings before taxes	343		(56		)	287		343		21			364
Taxes on earnings	110		(17		)	93		109		7			116
Net earnings	233		(39		)	194		234		14			248
Net earnings attributable to Campbell Soup Company	$	233	$	(39	)	$	194	$	234	$	14		$	248
Earnings per share — Basic (1)	$	.75	$	(.13	)	$	.63	$	.75	$	.04		$	.79
Earnings per share — Diluted	$	.75	$	(.13	)	$	.62	$	.74	$	.04		$	.78

^{________________________________________________________} 

⁽¹⁾ The sum of the individual per share amounts may not add due to rounding

	Three months ended November 1, 2015									Three months ended November 2, 2014
Consolidated Statements of Comprehensive Income	Prior Accounting Principles			Effect of Accounting Change			As Reported			Previously Reported			Effect of Accounting Change			Recast
Foreign currency translation:
Foreign currency translation adjustments	$	(26	)	$	—		$	(26	)	$	(83	)	$	2		$	(81	)
Pension and other postretirement benefits
Net actuarial gain (loss) arising during the period	(136		)	136			—			4			(4		)	—
Reclassification of net actuarial loss included in net earnings	77			(77		)	—			24			(24		)	—
Tax benefit / (expense)	$	22		$	(22	)	$	—		$	(10	)	$	10		$	—

	November 1, 2015									August 2, 2015
Consolidated Balance Sheets	Prior Accounting Principles			Effect of Accounting Change			As Reported			Previously Reported			Effect of Accounting Change			Recast
Inventories	$	1,044		$	5		$	1,049		$	993		$	2		$	995
Other current assets	198			(2		)	196			199			(1		)	198
Accrued income taxes	119			4			123			29			—			29
Earnings retained in the business	2,629			(779		)	1,850			2,494			(740		)	1,754
Accumulated other comprehensive (loss) income	$	(978	)	778			$	(200	)	$	(909	)	741			$	(168	)

	Three months ended November 1, 2015									Three months ended November 2, 2014
Consolidated Statements of Cash Flows	Prior Accounting Principles			Effect of Accounting Change			As Reported			Previously Reported			Effect of Accounting Change			Recast
Cash flow from operating activities:
Net earnings	$	233		$	(39	)	$	194		$	234		$	14		$	248
Pension and postretirement benefit expense / (income)	—			133			133			—			(6		)	(6		)
Deferred income taxes	(14		)	(21		)	(35		)	2			7			9
Other, net	73			(74		)	(1		)	19			(18		)	1
Inventories	(53		)	(3		)	(56		)	(98		)	3			(95		)
Accounts payable and accrued liabilities	$	68		$	4		$	72		$	132		—			$	132
Net cash provided by operating activities	$	218		$	—		$	218		$	188		$	—		$	188