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Restructuring Charges and Cost Savings Initiatives (Tables) - 2015 and Snyder's-Lance Initiatives [Member]
12 Months Ended
Jul. 30, 2023
Schedule ofPre-Tax Charge And Remaining Costs [Table]
A summary of the pre-tax charges recorded in the Consolidated Statements of Earnings related to these initiatives is as follows:
(Millions)202320222021
Recognized as of July 30, 2023
Restructuring charges$16 $$21 $280 
Administrative expenses24 20 28 383 
Cost of products sold18 102 
Marketing and selling expenses5 19 
Research and development expenses3 — — 
Total pre-tax charges$66 $31 $53 $791 
A summary of the pre-tax costs associated with these initiatives is as follows:
(Millions)
Recognized as of
July 30, 2023
Severance pay and benefits
$240 
Asset impairment/accelerated depreciation106 
Implementation costs and other related costs
445 
Total$791 
Schedule of Restructuring Activity and Related Reserves [Table]
A summary of the restructuring activity and related reserves at July 30, 2023, is as follows:
(Millions)Severance Pay and Benefits
Implementation Costs and Other Related Costs(3)
Asset Impairment/Accelerated Depreciation
Other Non-Cash Exit Costs(4)
Total Charges
Accrued balance at August 1, 2021(1)
$
2022 charges
26 — — $31 
2022 cash payments
(5)
Accrued balance at July 31, 2022
$
2023 charges
13 26 24 3 $66 
2023 cash payments
(7)
Accrued balance at July 30, 2023(2)
$13 
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(1)Includes $1 million of severance pay and benefits recorded in Other liabilities in the Consolidated Balance Sheet.
(2)Includes $7 million of severance pay and benefits recorded in Other liabilities in the Consolidated Balance Sheet.
(3)Includes other costs recognized as incurred that are not reflected in the restructuring reserves in the Consolidated Balance Sheets. The costs are included in Administrative expenses, Cost of products sold, Marketing and selling expenses and Research and development expenses in the Consolidated Statements of Earnings.
(4)Includes non-cash costs that are not reflected in the restructuring reserves in the Consolidated Balance Sheets.
Schedule Of Restructuring Charges Associated With Each Reportable Segment A summary of the pre-tax costs associated with segments is as follows:
(Millions)2023
Costs Incurred to Date
Meals & Beverages$26 $251 
Snacks24 345 
Corporate16 195 
Total$66 $791