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Goodwill And Intangible Assets
9 Months Ended
Apr. 28, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets
Goodwill and Intangible Assets
Goodwill
The following table shows the changes in the carrying amount of goodwill by business segment:
 
Meals and Beverages
 
Global
Biscuits
and
Snacks
 
Total
Net balance at July 29, 2018
$
978

 
$
3,602

 
$
4,580

Changes in preliminary purchase price allocation

 
140

 
140

Acquisition

 
21

 
21

Foreign currency translation adjustment
(3
)
 
(36
)
 
(39
)
Net balance at April 28, 2019
$
975

 
$
3,727

 
$
4,702


During the three-month period ended October 28, 2018, we made changes in the preliminary allocation of the purchase price of the Snyder's-Lance acquisition which resulted in a change in goodwill of $140 in the Global Biscuits and Snacks segment. On October 30, 2018, we acquired the remaining ownership interest in Yellow Chips and began consolidating the business, which resulted in goodwill of $21. See Note 4 for additional information.
Intangible Assets
The following table sets forth balance sheet information for intangible assets, excluding goodwill, subject to amortization and intangible assets not subject to amortization:
 
 
 
 
 
 
April 28, 2019
 
July 29, 2018
Intangible Assets
 
Estimated Useful Lives
 
Cost
Accumulated Amortization
Net
 
Cost
Accumulated Amortization
Net
Amortizable intangible assets
 
 
 
 
 
 
 
 
 
 
 
 
Customer relationships
 
10
to
22
 
$
890

$
(67
)
$
823

 
$
936

$
(34
)
$
902

Other
 
1.5
to
20
 
17

(14
)
3

 
17

(6
)
11

Total amortizable intangible assets
 
 
 
 
 
$
907

$
(81
)
$
826

 
$
953

$
(40
)
$
913

Non-amortizable intangible assets
 
 
 
 
 
 
 
 
 
 
 
 
Trademarks
 
 
 
 
 
 
 
2,761

 
 
 
2,902

Total net intangible assets
 
 
 
 
 
 
 
$
3,587

 


$
3,815


The intangible assets of Campbell Fresh are included in Noncurrent assets of discontinued operations on the Consolidated Balance Sheets. See also Note 3 See for additional information on discontinued operations.
Non-amortizable intangible assets consist of trademarks, which include Snyder's of Hanover, Lance, Kettle Brand, Pace, Pacific Foods, Snack Factory, Cape Cod, Pop Secret, Kjeldsens, Plum, and Late July. Other amortizable intangible assets consist of recipes, non-compete agreements, trademarks, and patents.
Amortization of intangible assets in Earnings from continuing operations was $37 and $9 for the nine-month periods ended April 28, 2019 and April 29, 2018, respectively. Amortization expense for the next 5 years is estimated to be $51 in 2019, $47 in 2020 and $45 in 2021 through 2023.