Segment Information (Tables)

3 Months Ended

Oct. 29, 2023

Segment Reporting [Abstract]

Schedule Of Segment Reporting [Table Text Block]

	Three Months Ended
(Millions)	October 29, 2023		October 30, 2022
Net sales
Meals & Beverages	$	1,404	$	1,455
Snacks	1,114		1,120
Total	$	2,518	$	2,575

	Three Months Ended
(Millions)	October 29, 2023		October 30, 2022
Earnings before interest and taxes
Meals & Beverages	$	287	$	331
Snacks	161		153
Corporate income (expense)(1)	(88)		(48)
Restructuring charges(2)	(2)		—
Total	$	358	$	436

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(1)Represents unallocated items. Costs related to the cost savings initiatives were $11 million and $3 million in the three-month periods ended October 29, 2023, and October 30, 2022, respectively. Unrealized mark-to-market adjustments on outstanding undesignated commodity hedges were losses of $15 million and gains of $5 million in the three-month periods

ended October 29, 2023, and October 30, 2022, respectively. Accelerated amortization expense related to customer relationship intangible assets was $7 million in the three-month period ended October 29, 2023. Costs of $9 million associated with the pending acquisition of Sovos Brands, Inc. (Sovos Brands) were included in the three-month period ended October 29, 2023. Costs of $3 million related to a cybersecurity incident were included in the three-month period ended October 29, 2023. Litigation expenses related to the Plum baby food and snacks business of $2 million were included in the three-month period ended October 29, 2023. There was a pension actuarial loss of $15 million in the three-month period ended October 30, 2022.

(2)See Note 6 for additional information.

Additional Product Information for Net Sales [Table Text Block]

Our net sales based on product categories are as follows:

	Three Months Ended
(Millions)	October 29, 2023		October 30, 2022
Net sales
Soup	$	860	$	893
Snacks	1,173		1,173
Other simple meals	302		315
Beverages	183		194
Total	$	2,518	$	2,575