Restructuring Charges and Cost Savings Initiatives (Tables)

12 Months Ended

Jul. 29, 2018



	2018		2017		2016		2015
Restructuring charges	$	49	$	18	$	35	$	102
Administrative expenses	88		36		47		22
Cost of products sold	45		4		—		—
Marketing and selling expenses	3		—		—		—
Total pre-tax charges	$	185	$	58	$	82	$	124

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



	Recognized as of July 29, 2018
Severance pay and benefits	$	180
Asset impairment/accelerated depreciation	45
Implementation costs and other related costs	224
Total	$	449

A summary of the restructuring activity and related reserves associated with the initiatives at July 29, 2018, is as follows:



	Severance Pay and Benefits			Other Restructuring Costs			Non-Cash Benefits⁽⁵⁾	Implementation Costs and Other Related Costs⁽⁶⁾	Asset Impairment/Accelerated Depreciation	Other Non-Cash Exit Costs⁽⁷⁾	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		$	—
2017 charges	7			—			—	39	12	—	$	58
2017 cash payments	(54		)	—
Accrued balance at July 30, 2017⁽³⁾	$	26		$	—
2018 charges	43			—			2	104	33	3	$	185
2018 cash payments	(31		)	—
Foreign currency translation adjustment	(1		)	—
Accrued balance at July 29, 2018⁽⁴⁾	$	37		$	—

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


⁽⁴⁾	Includes $23 of severance pay and benefits recorded in Other liabilities in the Consolidated Balance Sheet.


⁽⁵⁾	Represents postretirement and pension curtailment costs and pension special termination benefits. See Note 10 for additional information.


⁽⁶⁾	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, Cost of products sold, and Marketing and selling expenses in the Consolidated Statements of Earnings.


⁽⁷⁾	Includes non-cash costs that are not reflected in the restructuring reserve in the Consolidated Balance Sheet.

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



	2018		Costs Incurred to Date
Americas Simple Meals and Beverages	$	86	$	178
Global Biscuits and Snacks	73		151
Campbell Fresh	5		11
Corporate	21		109
Total	$	185	$	449

A summary of the restructuring activity and related reserves associated with the Snyder's-Lance integration at July 29, 2018, is as follows:



	Severance Pay and Benefits			Implementation and Integration Costs⁽¹⁾	Total Charges
2018 charges	$	13		12	$	25
2018 cash payments	(4		)
Accrued balance at July 29, 2018⁽²⁾	$	9

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⁽¹⁾	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.


⁽²⁾	Includes $1 of severance pay and benefits recorded in Other liabilities in the Consolidated Balance Sheet.

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