Goodwill And Intangible Assets (Tables)

12 Months Ended

Jul. 28, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill [Table Text Block]

The following table shows the changes in the carrying amount of goodwill:

(Millions)	Meals & Beverages		Snacks		Total
Net balance at July 31, 2022	$	993	$	2,986	$	3,979
Divestiture(1)	—		(11)		(11)
Foreign currency translation adjustment	(3)		—		(3)
Net balance at July 30, 2023	$	990	$	2,975	$	3,965
Acquisition(2)	1,116		—		1,116
Foreign currency translation adjustment	(4)		—		(4)
Net balance at July 28, 2024	$	2,102	$	2,975	$	5,077

_____________________________________

(1)See Note 4 for additional information on the sale of the Emerald nuts business.

(2)See Note 3 for additional information on the acquisition of Sovos Brands.

Schedule of Finite-Lived Intangible Assets [Table Text Block]

The following table summarizes balance sheet information for intangible assets, excluding goodwill:

	2024						2023
(Millions)	Cost		Accumulated Amortization		Net		Cost		Accumulated Amortization		Net
Amortizable intangible assets
Customer relationships(1)	$	1,060	$	(300)	$	760	$	830	$	(229)	$	601
Definite-lived trademarks(1)	76		(2)		74		—		—		—
Total amortizable intangible assets	$	1,136	$	(302)	$	834	$	830	$	(229)	$	601
Indefinite-lived trademarks
Rao's(1)					$	1,470					$	—
Snyder's of Hanover					620						620
Lance					350						350
Kettle Brand					318						318
Pace					292						292
Pacific Foods					280						280
Cape Cod					187						187
Various other Snacks(2)					365						494
Total indefinite-lived trademarks					$	3,882					$	2,541
Total net intangible assets					$	4,716					$	3,142

_____________________________________

(1)As part of the Sovos Brands acquisition, we acquired the Rao's indefinite-lived trademark of $1.47 billion, customer relationships of $230 million and definite-lived trademarks of $76 million. See Note 3 for additional information.

(2)Associated with the acquisition of Snyder's-Lance, Inc. (Snyder's-Lance) and includes the Pop Secret and Allied brands trademarks.

Schedule of Indefinite-Lived Intangible Assets [Table Block]

The following table summarizes balance sheet information for intangible assets, excluding goodwill:

	2024						2023
(Millions)	Cost		Accumulated Amortization		Net		Cost		Accumulated Amortization		Net
Amortizable intangible assets
Customer relationships(1)	$	1,060	$	(300)	$	760	$	830	$	(229)	$	601
Definite-lived trademarks(1)	76		(2)		74		—		—		—
Total amortizable intangible assets	$	1,136	$	(302)	$	834	$	830	$	(229)	$	601
Indefinite-lived trademarks
Rao's(1)					$	1,470					$	—
Snyder's of Hanover					620						620
Lance					350						350
Kettle Brand					318						318
Pace					292						292
Pacific Foods					280						280
Cape Cod					187						187
Various other Snacks(2)					365						494
Total indefinite-lived trademarks					$	3,882					$	2,541
Total net intangible assets					$	4,716					$	3,142

_____________________________________

(1)As part of the Sovos Brands acquisition, we acquired the Rao's indefinite-lived trademark of $1.47 billion, customer relationships of $230 million and definite-lived trademarks of $76 million. See Note 3 for additional information.

(2)Associated with the acquisition of Snyder's-Lance, Inc. (Snyder's-Lance) and includes the Pop Secret and Allied brands trademarks.