Recent Accounting Pronouncements (Tables)

9 Months Ended

Apr. 28, 2019

The impacts of the changes to our Consolidated Balance Sheet as of April 28, 2019, as a result of adoption are as follows:



	As Reported		Balances Without Adoption		Increase/(Decrease) Due to Adoption
Accounts receivable, net	$	753	$	752	$	1
Total current assets	2,161		2,160		1
Total assets	13,768		13,767		1

Payable to suppliers and others	$	841	$	840	$	1
Accrued liabilities	672		661		11
Accrued income taxes	18		21		(3		)
Total current liabilities	3,511		3,502		9
Total liabilities	12,531		12,522		9

Campbell Soup Company shareholders' equity
Earnings retained in the business	$	2,107	$	2,115	$	(8	)
Total Campbell Soup Company shareholders' equity	1,228		1,236		(8		)
Total equity	1,237		1,245		(8		)
Total liabilities and equity	13,768		13,767		1

The impacts of the changes to our Consolidated Statement of Earnings as a result of adoption are as follows:



	Three Months Ended						Nine Months Ended
	April 28, 2019						April 28, 2019
	As Reported		Balances Without Adoption		Increase/(Decrease) Due to Adoption		As Reported		Balances Without Adoption		Increase/(Decrease) Due to Adoption
Net sales	$	2,178	$	2,172	$	6	$	7,129	$	7,128	$	1

Cost of products sold	$	1,455	$	1,454	$	1	$	4,781	$	4,780	$	1
Total costs and expenses	$	1,912	$	1,911	$	1	$	6,119	$	6,118	$	1
Earnings before interest and taxes	$	266	$	261	$	5	$	1,010	$	1,010	$	—
Earnings before taxes	$	175	$	170	$	5	$	734	$	734	$	—
Taxes on earnings	44		43		1		184		184		—
Earnings from continuing operations attributable to Campbell Soup Company	$	131	$	127	$	4	$	550	$	550	$	—

Per Share — Basic
Earnings from continuing operations attributable to Campbell Soup Company⁽¹⁾	$	.44	$	.42	$	.01	$	1.83	$	1.83	$	—
Per Share — Assuming Dilution
Earnings from continuing operations attributable to Campbell Soup Company	$	.43	$	.42	$	.01	$	1.82	$	1.82	$	—

_______________________________________


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