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Divestitures
 9 Months Ended
Apr. 26, 2020
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]  
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block] Divestitures
Discontinued Operations
On February 25, 2019, we sold our U.S. refrigerated soup business, and on April 25, 2019, we sold our Garden Fresh Gourmet business. Proceeds were $55. On June 16, 2019, we sold our Bolthouse Farms business. Proceeds were $500. Beginning in the third quarter of 2019, we have reflected the results of these businesses as discontinued operations in the Consolidated Statements of Earnings for all periods presented. These businesses were historically included in the Campbell Fresh reportable segment.
We completed the sale of our Kelsen business on September 23, 2019, for $322. We also completed the sale of our Arnott’s business and certain other international operations, including the simple meals and shelf-stable beverages businesses in Australia and Asia Pacific (the Arnott's and other international operations), on December 23, 2019, for $2,286. The purchase price was subject to certain post-closing adjustments, which resulted in $4 of additional proceeds in the third quarter of 2020. Beginning in the fourth quarter of 2019, we have reflected the results of operations of the Kelsen business and the Arnott’s and other international operations (collectively referred to as Campbell International) as discontinued operations in the Consolidated Statements of Earnings for all periods presented. These businesses were historically included in the Snacks reportable segment.
Results of discontinued operations were as follows:
Three Months EndedNine Months Ended
Campbell InternationalCampbell FreshCampbell InternationalCampbell Fresh
April 28, 2019April 28, 2019April 26, 2020April 28, 2019April 28, 2019
Net sales$225  $210  $359  $802  $666  
Impairment charges$—  $—  $—  $—  $360  
Earnings (loss) before taxes from operations$21  $7  $53  $115  $(361) 
Taxes on earnings (loss) from operations12  7  17  39  (82) 
Gain (loss) on sale of businesses / costs associated with selling the businesses(2) (24) 1,039  (7) (31) 
Tax expense (benefit) on sale / costs associated with selling the businesses(1) 23  39  (2) 21  
Earnings (loss) from discontinued operations$8  $(47) $1,036  $71  $(331) 

The sale of the Arnott's and other international operations resulted in a substantial capital gain for tax purposes. We were able to utilize capital losses, which were offset with valuation allowances as of July 28, 2019, to offset the capital gain.
In the second quarter of 2019, we performed interim impairment assessments on the intangible and tangible assets of the Campbell Fresh businesses. We revised our future outlook for earnings and cash flows for each of these businesses as the divestiture process progressed and we received initial indications of value. In Bolthouse Farms carrot and carrot ingredients, we recorded impairment charges of $18 on the trademark, $40 on customer relationships, $15 on technology and $104 on plant assets. In Bolthouse Farms refrigerated beverages and salad dressings, we recorded impairment charges of $74 on the trademark, $22 on customer relationships, and $9 on plant assets. In Garden Fresh Gourmet, we recorded impairment charges of $23 on the trademark, $39 on customer relationships, and $2 on plant assets. In the first quarter of 2019, we recorded an impairment charge of $14 on the U.S. refrigerated soup plant assets in Campbell Fresh.
In addition, in the third quarter of 2019, we recorded tax expense of $29 as deferred tax assets on Bolthouse Farms were not realizable.
Under the terms of the sale of the Arnott's and other international operations, we entered into a long-term licensing arrangement for the exclusive rights to certain Campbell brands in certain non-U.S. markets. We provide certain transition services to support the divested businesses.
The assets and liabilities of Campbell International have been reflected as assets and liabilities of discontinued operations in the Consolidated Balance Sheet as of July 28, 2019. The assets and liabilities were as follows:
    July 28, 2019
Cash and cash equivalents$148  
Accounts receivable, net135  
Inventories135  
Other current assets10  
Current assets$428  
Plant assets, net of depreciation340  
Goodwill661  
Other intangible assets, net of amortization135  
Other assets31  
Total assets$1,595  
Short-term borrowings$232  
Payable to suppliers and others109  
Accrued liabilities114  
Accrued income taxes14  
Current liabilities$469  
Long-term debt6  
Deferred taxes32  
Other liabilities27  
Total liabilities$534  
The depreciation and amortization, capital expenditures, sale proceeds and significant noncash operating items of Campbell Fresh and Campbell International were as follows:
Nine Months Ended
April 26, 2020April 28, 2019
Cash flows from discontinued operating activities:
Impairment charges$—  $360  
Depreciation and amortization(1)
—  72  
Net (gain) loss on sales of discontinued operations businesses(1,039) 18  
Cash flows from discontinued investing activities:
Capital expenditures$30  $45  
Sales of discontinued operations businesses, net of cash divested2,466  54  
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(1)Depreciation and amortization are no longer recognized once businesses are classified as held for sale/discontinued operations.
Other Divestitures
On October 11, 2019, we completed the sale of our European chips business for £63, or $77. The European chips business had net sales of $25 for the nine-month period ended April 26, 2020. The European chips business had net sales of $33 for the three-month period and $93 for the nine-month period ended April 28, 2019. Earnings were not material in either period. The results of the European chips business through the date of sale were reflected in continuing operations within the Snacks reportable segment. The pre-tax loss recognized in the first quarter on the sale was $64, which included the impact of allocated goodwill and foreign currency translation adjustments. For tax purposes, in the first quarter, the capital loss on the sale was offset by a valuation allowance.
In the second quarter of 2020, we recognized a $19 tax benefit in continuing operations as we were able to use the capital loss on this sale to offset a portion of the capital gain from the sale of the Arnott's and other international operations.