Valuation and Qualifying Accounts

12 Months Ended

Jul. 28, 2024

SEC Schedule, 12-09, Valuation and Qualifying Accounts Disclosure [Line Items]

SEC Schedule, 12-09, Schedule of Valuation and Qualifying Accounts Disclosure [Text Block]

CAMPBELL SOUP COMPANY

Valuation and Qualifying Accounts

For the Fiscal Years ended July 28, 2024, July 30, 2023, and July 31, 2022

(Millions)	Balance at Beginning of Period		Charged to/ (Reduction in) Costs and Expenses		Deductions		Balance at End of Period
Fiscal year ended July 28, 2024
Cash discount	$	6	$	115	$	(117)	$	4
Bad debt reserve	10		(2)		—		8
Returns reserve(1)	3		—		—		3
Total Accounts receivable allowances	$	19	$	113	$	(117)	$	15
Fiscal year ended July 30, 2023
Cash discount	$	5	$	117	$	(116)	$	6
Bad debt reserve	4		7		(1)		10
Returns reserve(1)	3		—		—		3
Total Accounts receivable allowances	$	12	$	124	$	(117)	$	19
Fiscal year ended July 31, 2022
Cash discount	$	6	$	136	$	(137)	$	5
Bad debt reserve	2		2		—		4
Returns reserve(1)	4		(1)		—		3
Total Accounts receivable allowances	$	12	$	137	$	(137)	$	12

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(1)The returns reserve is evaluated quarterly and adjusted accordingly. During each period, returns are charged to Net sales in the Consolidated Statements of Earnings as incurred. Actual returns were approximately $109 million in 2024, $105 million in 2023, and $110 million in 2022, or less than 2% of Net sales.