Restructuring Charges and Cost Savings Initiatives (Tables)

3 Months Ended

Oct. 27, 2024

2015 and Snyder's-Lance Initiatives [Member]

Schedule Of Pre-Tax Charge And Remaining Costs [Table Text Block]

A summary of the pre-tax charges recognized in the Consolidated Statements of Earnings related to these initiatives is as follows:

	Three Months Ended
(Millions)	October 29, 2023		Total Program
Restructuring charges	$	2	$	297
Administrative expenses	5		437
Cost of products sold	3		128
Marketing and selling expenses	2		23
Research and development expenses	1		10
Total pre-tax charges	$	13	$	895

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

(Millions)	Total Program
Severance pay and benefits	$	253
Asset impairment/accelerated depreciation	134
Implementation costs and other related costs	508
Total	$	895

Schedule Of Restructuring Charges Associated With Each Reportable Segment

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

(Millions)	Total Program
Meals & Beverages	$	288
Snacks	383
Corporate	224
Total	$	895

2025 Initiatives

Schedule Of Pre-Tax Charge And Remaining Costs [Table Text Block]

A summary of the pre-tax charges recorded in the Consolidated Statement of Earnings related to these initiatives is as follows:

	Three Months Ended
(Millions)	October 27, 2024
Restructuring charges	$	6
Administrative expenses	11
Cost of products sold	8
Marketing and selling expenses	1
Research and development expenses	1
Total pre-tax charges	$	27

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

(Millions)	Recognized as of October 27, 2024
Severance pay and benefits	$	6
Asset impairment/accelerated depreciation	9
Implementation costs and other related costs	12
Total	$	27

Schedule Of Restructuring Activity And Related Reserves [Table Text Block]

A summary of the restructuring activity and related reserves is as follows:

(Millions)	Severance Pay and Benefits		Implementation Costs and Other Related Costs(3)	Asset Impairment/Accelerated Depreciation	Total Charges
Accrued balance at July 28, 2024(1)	$	36
2025 charges	6		12	9	$	27
2025 cash payments	(7)
Accrued balance at October 27, 2024(2)	$	35

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(1)Associated with the multi-year cost savings initiatives and Snyder's-Lance cost transformation program and integration, and the Sovos Brands integration initiatives described above. Includes $12 million of severance pay and benefits recorded in Other liabilities in the Consolidated Balance Sheet.

(2)Includes $12 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 reserve in the Consolidated Balance Sheet. 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.

Schedule Of Restructuring Charges Associated With Each Reportable Segment

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

	Three Months Ended
(Millions)	October 27, 2024
Meals & Beverages	$	21
Snacks	3
Corporate	3
Total	$	27