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Segment Information (Tables)
12 Months Ended
Jul. 31, 2022
Segment Reporting [Abstract]  
Schedule Of Segment Reporting [Table Text Block]
(Millions)202220212020
Net sales
Meals & Beverages$4,607 $4,621 $4,747 
Snacks3,955 3,855 3,944 
Total$8,562 $8,476 $8,691 
(Millions)202220212020
Earnings before interest and taxes
Meals & Beverages$874 $922 $1,009 
Snacks517 514 525 
Corporate income (expense)(1)
(223)130 (418)
Restructuring charges(2)
(5)(21)(9)
Total$1,163 $1,545 $1,107 
(Millions)202220212020
Depreciation and amortization
Meals & Beverages$131 $128 $134 
Snacks185 169 175 
Corporate(3)
21 20 19 
Total$337 $317 $328 
(Millions)202220212020
Capital expenditures
Meals & Beverages$76 $61 $52 
Snacks120 153 153 
Corporate(3)
46 61 64 
Discontinued operations — 30 
Total$242 $275 $299 
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(1)Represents unallocated items. Pension and postretirement actuarial gains and losses are included in Corporate. There were actuarial losses of $44 million in 2022, gains of $203 million in 2021, and losses of $164 million in 2020, respectively. Costs related to the cost savings initiatives were $26 million, $32 million and $60 million in 2022, 2021 and 2020, respectively. Unrealized mark-to-market adjustments on outstanding undesignated commodity hedges were losses of $59 million in 2022, gains of $50 million in 2021, and gains of $2 million in 2020, respectively. A loss of $11 million on the sale of the Plum baby food and snacks business was included in 2021. A loss of $64 million on the sale of our European chips business was included in 2020. A loss of $45 million on Acre Venture Partners, L.P. (Acre) was included in 2020. See Note 14 for additional information on Acre.
(2)See Note 7 for additional information.
(3)Represents primarily corporate offices and enterprise-wide information technology systems.
Additional Product Information for Net Sales [Table Text Block]
Our net sales based on product categories are as follows:
(Millions)202220212020
Net sales
Soup$2,615 $2,568 $2,653 
Snacks4,103 3,989 4,099 
Other simple meals1,091 1,134 1,184 
Beverages753 785 755 
Total$8,562 $8,476 $8,691