Goodwill And Intangible Assets

6 Months Ended

Jan. 26, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

The following table shows the changes in the carrying amount of goodwill by business segment:


	Meals & Beverages		Snacks		Total




Net balance at July 28, 2019	$	977	$	3,040	$	4,017

Divestiture⁽¹⁾	—		(34)		(34)

Foreign currency translation adjustment	1		4		5
Net balance at January 26, 2020	$	978	$	3,010	$	3,988

^{______________________________________________________}

⁽¹⁾On October 11, 2019, we completed the sale of our European chips business. See Note 3 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:


				January 26, 2020											July 28, 2019
Intangible Assets	Estimated Useful Lives							Cost		Accumulated Amortization	Net				Cost		Accumulated Amortization	Net
Amortizable intangible assets
Customer relationships	10	to	22	$	851	$	(89)	$	762		$	855	$	(70)	$	785
Other	1.5	to	20	14		(14)		—			14		(13)		1
Total amortizable intangible assets				$	865	$	(103)	$	762		$	869	$	(83)	$	786
Non-amortizable intangible assets
Trademarks								2,611							2,629
Total net intangible assets								$	3,373						$	3,415

Non-amortizable intangible assets consist of trademarks. As of January 26, 2020, trademarks primarily included $1,978 associated with Snyder's-Lance, $280 associated with Pacific Foods and $292 related to Pace. Other amortizable intangible assets consist of recipes, non-compete agreements, trademarks and patents.

Amortization of intangible assets in Earnings from continuing operations was $22 and 23 for the six-month periods ended January 26, 2020, and January 27, 2019, respectively. Amortization expense for the next 5 years is estimated to be $45 in 2020 and $44 in 2021 through 2024.

Amortization of intangible assets in Earnings (loss) from discontinued operations was $7 for the six-month period ended January 27, 2019. See Note 3 for additional information on discontinued operations.