Acquistions (Tables)

12 Months Ended

Jul. 29, 2018

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

The acquired assets and assumed liabilities include the following:



	Snyder's-Lance			Pacific Foods
Cash	$	21		$	7
Accounts receivable	221			16
Inventories	219			48
Other current assets	32			1
Plant assets	696			78
Goodwill	2,866			202
Other intangible assets	2,947			366
Other assets	65			—
Short-term debt	(1		)	—
Accounts payable	(124		)	(24		)
Accrued liabilities	(115		)	(6		)
Deferred income taxes	(640		)	—
Other liabilities	(28		)	—
Noncontrolling interest	(47		)	—
Total assets acquired and liabilities assumed	$	6,112		$	688

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]

The identifiable intangible assets of Snyder's-Lance consist of:



	Type	Life in Years			Value
Trademarks	Non-amortizable	Indefinite			$	2,131
Customer relationships	Amortizable	15	to	22	808
Other	Amortizable	1.5			8
Total identifiable intangible assets					$	2,947

Business Acquisition, Pro Forma Information [Table Text Block]

The following unaudited summary information is presented on a consolidated pro forma basis as if the Snyder's-Lance and Pacific Foods acquisitions had occurred on August 1, 2016:



	2018		2017
Net sales	$	10,222	$	10,324
Net earnings attributable to Campbell Soup Company	$	371	$	773
Net earnings per share attributable to Campbell Soup Company - basic	$	1.23	$	2.53
Net earnings per share attributable to Campbell Soup Company - assuming dilution	$	1.23	$	2.52

The pro forma amounts include additional interest expense on the debt issued to finance the purchases, amortization and depreciation expense based on the estimated fair value and useful lives of intangible assets and plant assets, and related tax effects. The pro forma results are not necessarily indicative of the combined results had the Snyder's-Lance and Pacific Foods acquisitions been completed on August 1, 2016, nor are they indicative of future combined results. The pro forma results for 2017 include pre-tax transaction costs of $53, pre-tax amortization of the acquisition date fair value adjustment to inventories of $42, and a pre-tax gain of $18 on treasury rate lock contracts. Therefore, the pro forma results for 2018 exclude these items, as they are reflected in 2017.