Acquisitions

12 Months Ended

Jul. 31, 2011

Acquisitions

Acquisitions

8.  Acquisitions

On May 4, 2009, the company acquired Ecce Panis, Inc., an artisan bread maker, for $66. The results of operations of Ecce Panis, Inc. are included in the Global Baking and Snacking segment and were not material to 2009 results. The pro forma impact on sales, net earnings or earnings per share for the prior periods would not have been material. As part of the purchase price allocation, $46 was allocated to intangible assets primarily consisting of goodwill, trade secret process technology, trademarks and customer relationships.

The following table presents the purchase price allocation of Ecce Panis, Inc.:

	May 4, 2009
Accounts receivable	$     2
Inventories	1
Other current assets	1
Total current assets	$     4
Plant assets	$  12
Goodwill	30
Other intangible assets	16
Other assets	14
Total assets acquired	$  76
Current liabilities	$     3
Non-current liabilities	7
Total liabilities assumed	$  10
Net assets acquired	$  66