Segment Information (Tables)

3 Months Ended

Oct. 27, 2024

Segment Reporting [Abstract]

Schedule Of Segment Reporting [Table Text Block]

	Three Months Ended
(Millions)	October 27, 2024		October 29, 2023
Net sales
Meals & Beverages	$	1,706	$	1,404
Snacks	1,066		1,114
Total	$	2,772	$	2,518

	Three Months Ended
(Millions)	October 27, 2024		October 29, 2023
Earnings before interest and taxes
Meals & Beverages	$	337	$	287
Snacks	142		161
Corporate income (expense)(1)	(106)		(88)
Restructuring charges(2)	(6)		(2)
Total	$	367	$	358

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(1)Represents unallocated items. Costs related to cost savings and optimization initiatives were $29 million in the three-month period ended October 27, 2024, and $11 million in the three-month period ended October 29, 2023. Unrealized mark-to-market adjustments on outstanding undesignated commodity hedges were gains of $4 million in the three-month period ended October 27, 2024, and losses of $15 million in the three-month period ended October 29, 2023. Accelerated amortization expense related to customer relationship intangible assets was $7 million in the three-month periods ended October 27, 2024 and October 29, 2023. Insurance recoveries of $1 million and costs of $3 million related to a cybersecurity incident were included in the three-month periods ended October 27, 2024 and October 29, 2023, respectively. Litigation expenses related to the Plum baby food and snacks business, which was divested on May 3, 2021, and certain other litigation matters were $1 million and $2 million and were included in the three-month periods ended October 27, 2024 and October 29, 2023, respectively. A loss on the sale of our Pop Secret popcorn business of $25 million was included in the three-month period ended October 27, 2024. A postretirement actuarial loss of $2 million was included in the three-month period ended October 27, 2024. Costs of $9 million associated with the acquisition of Sovos Brands were included in the three-month period ended October 29, 2023.

(2)See Note 8 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 27, 2024		October 29, 2023
Net sales
Soup	$	852	$	860
Snacks	1,128		1,173
Other simple meals	613		302
Beverages	179		183
Total	$	2,772	$	2,518