Restructuring Charges and Cost Savings Initiatives (Tables)

12 Months Ended

Jul. 28, 2024

2015 and Snyder's-Lance Initiatives [Member]

Schedule of Pre-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)	2024		2023		2022		Recognized as of July 28, 2024
Restructuring charges	$	17	$	16	$	5	$	297
Administrative expenses	54		24		20		437
Cost of products sold	26		18		5		128
Marketing and selling expenses	4		5		1		23
Research and development expenses	3		3		—		10
Total pre-tax charges	$	104	$	66	$	31	$	895

A summary of the pre-tax costs associated with these initiatives is as follows:

(Millions)	Recognized as of July 28, 2024
Severance pay and benefits	$	253
Asset impairment/accelerated depreciation	134
Implementation costs and other related costs	508
Total	$	895

Schedule of Restructuring Activity and Related Reserves [Table]

A summary of the restructuring activity and related reserves at July 28, 2024, 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 July 31, 2022	$	7
2023 charges	13		26	24	3	$	66
2023 cash payments	(7)
Accrued balance at July 30, 2023(1)	$	13
2024 charges	13		41	28	22	$	104
2024 cash payments	(8)
Accrued balance at July 28, 2024(2)	$	18

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(1)Includes $7 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)	2024		Costs Incurred to Date
Meals & Beverages	$	37	$	288
Snacks	38		383
Corporate	29		224
Total	$	104	$	895

Sovos Initiatives

Schedule of Restructuring Activity and Related Reserves [Table]

A summary of the restructuring activity and related reserves associated with the Sovos Brands integration at July 28, 2024, is as follows:

(Millions)	Severance Pay and Benefits
2024 charges	$	21
2024 cash payments	(3)
Accrued balance at July 28, 2024(1)	$	18

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(1)Includes $5 million of severance pay and benefits recorded in Other liabilities in the Consolidated Balance Sheet.