Restructuring Charges and Cost Savings Initiatives (Tables)

6 Months Ended

Jan. 26, 2025

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:

	January 28, 2024
(Millions)	Three Months Ended		Six Months Ended		Total Program
Restructuring charges	$	2	$	4	$	297
Administrative expenses	29		34		437
Cost of products sold	3		6		128
Marketing and selling expenses	1		3		23
Research and development expenses	1		2		10
Total pre-tax charges	$	36	$	49	$	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:

	January 26, 2025
(Millions)	Three Months Ended		Six Months Ended
Restructuring charges	$	5	$	11
Administrative expenses	8		19
Cost of products sold	10		18
Marketing and selling expenses	1		2
Research and development expenses	1		2
Total pre-tax charges	$	25	$	52

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

(Millions)	Recognized as of January 26, 2025
Severance pay and benefits	$	11
Asset impairment/accelerated depreciation	17
Implementation costs and other related costs	24
Total	$	52

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	Other Non-Cash Exit Costs(4)	Total Charges
Accrued balance at July 28, 2024(1)	$	36
2025 charges	11		23	17	1	$	52
2025 cash payments	(15)
Accrued balance at January 26, 2025(2)	$	32

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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 $14 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.

(4)Includes non-cash costs that are not reflected in the restructuring reserve in the Consolidated Balance Sheet.

Schedule Of Restructuring Charges Associated With Each Reportable Segment

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

	January 26, 2025
(Millions)	Three Months Ended		Six Months Ended
Meals & Beverages	$	16	$	37
Snacks	2		5
Corporate	7		10
Total	$	25	$	52