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Segment Information (Tables)
9 Months Ended
Apr. 27, 2025
Segment Reporting [Abstract]  
Schedule Of Segment Reporting [Table Text Block]
Three Months EndedNine Months Ended
(Millions)April 27, 2025April 28, 2024April 27, 2025April 28, 2024
Net sales
Meals & Beverages$1,463 $1,272 $4,848 $4,058 
Snacks1,012 1,097 3,084 3,285 
Total$2,475 $2,369 $7,932 $7,343 
Three Months EndedNine Months Ended
(Millions)April 27, 2025April 28, 2024April 27, 2025April 28, 2024
Earnings before interest and taxes
Meals & Beverages$248 $229 $876 $763 
Snacks145 167 401 489 
Corporate income (expense)(1)
(226)(135)(405)(312)
Restructuring charges(2)
(6)(13)(17)(17)
Total$161 $248 $855 $923 
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(1)Represents unallocated items. Costs related to cost savings and optimization initiatives were $25 million and $74 million in the three- and nine-month periods ended April 27, 2025, and $23 million and $68 million in the three- and nine-month periods ended April 28, 2024, respectively. Unrealized mark-to-market adjustments on outstanding undesignated commodity hedges were losses of $10 million and gains of $8 million in the three- and nine-month periods ended April 27, 2025, and gains of $13 million and $5 million in the three- and nine-month periods ended April 28, 2024, respectively. Accelerated amortization expense related to customer relationship intangible assets was $6 million and $20 million in the three- and nine-month periods ended April 27, 2025 and April 28, 2024. Intangible asset impairment charges were $150 million and $176 million in the three- and nine-month periods ended in April 27, 2025, respectively. A loss on the sale of our Pop Secret popcorn business of $25 million was included in the nine-month period ended April 27, 2025. Litigation expenses related to the Plum baby food and snacks business, which was divested on May 3, 2021, and certain other litigation matters were $4 million and $6 million in the three- and nine-month periods ended April 27, 2025 and $3 million in the nine-month period ended April 28, 2024, respectively. Insurance recoveries of $1 million and costs of $3 million related to a cybersecurity incident were included in the nine-month periods ended April 27, 2025 and April 28, 2024, respectively. A postretirement actuarial loss of $2 million was included in the nine-month period ended April 27, 2025. Costs of $77 million and $96 million associated with the acquisition of Sovos Brands were included in the three- and nine-month periods ended April 28, 2024, respectively.
(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 EndedNine Months Ended
(Millions)April 27, 2025April 28, 2024April 27, 2025April 28, 2024
Net sales
Soup$621 $577 $2,322 $2,278 
Snacks1,068 1,152 3,254 3,452 
Other simple meals607 458 1,825 1,077 
Beverages179 182 531 536 
Total$2,475 $2,369 $7,932 $7,343