Restructuring Charges and Cost Savings Initiatives (Tables)

12 Months Ended

Jul. 31, 2016

A summary of the pre-tax costs associated with the 2015 initiatives is as follows:



	Recognized as of July 31, 2016
Severance pay and benefits	$	128
Implementation costs and other related costs	78
Total	$	206

A summary of the restructuring activity and related reserves associated with the 2015 initiatives at July 31, 2016, is as follows:



	Severance Pay and Benefits			Other Restructuring Costs			Non-Cash Benefits⁽³⁾	Implementation Costs and Other Related Costs⁽⁴⁾	Total Charges
Accrued balance at August 3, 2014	$	—		$	—
2015 charges	87			8			7	22	$	124
2015 cash payments	(1		)	—
Foreign currency translation adjustment	(1		)	—
Accrued balance at August 2, 2015⁽¹⁾	$	85		$	8
2016 charges	34			1			—	47	$	82
2016 cash payments	(46		)	(9		)
Accrued balance at July 31, 2016⁽²⁾	$	73		$	—

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⁽¹⁾	Includes $45 of severance pay and benefits recorded in Other liabilities in the Consolidated Balance Sheet.


⁽²⁾	Includes $17 of severance pay and benefits recorded in Other liabilities in the Consolidated Balance Sheet.


⁽³⁾	Represents postretirement and pension curtailment costs. See Note 11.


⁽⁴⁾	Includes other costs recognized as incurred that are not reflected in the restructuring reserve in the Consolidated Balance Sheet. The costs are included in Administrative expenses in the Consolidated Statements of Earnings.

A summary of the pre-tax costs associated with segments is as follows:



	2016		Costs Incurred to Date
Americas Simple Meals and Beverages	$	17	$	71
Global Biscuits and Snacks	22		66
Campbell Fresh	1		2
Corporate	42		67
Total	$	82	$	206

A summary of the pre-tax costs associated with the 2014 initiatives is as follows:

A summary of the restructuring activity and related reserves associated with the 2014 initiatives at July 31, 2016, is as follows:



	Severance Pay and Benefits			Asset Impairment	Other Exit Costs⁽¹⁾	Total Charges
Accrued balance at July 28, 2013	$	—
2014 charges	41			12	1	$	54
2014 cash payments	(13		)
Accrued balance at August 3, 2014	$	28
2015 cash payments	(16		)
Foreign currency translation adjustment	(2		)
Accrued balance at August 2, 2015⁽²⁾	$	10
2016 reduction to charges	(4		)	—	—	$	(4	)
2016 cash payments	(4		)
Foreign currency translation adjustment	(1		)
Accrued balance at July 31, 2016	$	1

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⁽¹⁾	Includes non-cash costs that are not reflected in the restructuring reserve in the Consolidated Balance Sheet.


⁽²⁾	Includes $4 of severance pay and benefits recorded in Other liabilities in the Consolidated Balance Sheet.

A summary of restructuring charges associated with segments is as follows:



	2016			Total Program
Americas Simple Meals and Beverages	$	(1	)	$	13
Global Biscuits and Snacks	(3		)	35
Campbell Fresh	—			1
Corporate	—			1
Total	$	(4	)	$	50

A summary of the pre-tax costs associated with the 2013 initiatives recognized is as follows:



	Total Program
Severance pay and benefits	$	31
Accelerated depreciation/asset impairment	99
Other exit costs	12
Total	$	142