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Business Combinations and Asset Acquisitions (Tables)
 9 Months Ended
Apr. 28, 2024
Business Combination and Asset Acquisition [Abstract]  
Schedule of Business Acquisitions, by Acquisition [Table Text Block] Total purchase consideration was $2.899 billion, which was determined as follows:
(Millions)
Cash consideration paid to Sovos Brands shareholders(1)
$2,307
Cash paid for share-based awards(2)
32
Cash consideration paid directly to shareholders$2,339
Cash paid for transaction costs of Sovos Brands 32
Repayment of Sovos Brands existing indebtedness and accrued interest486
Total cash consideration$2,857
Fair value of replacement share-based awards(3)
42
Total consideration$2,899
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(1)    Consideration paid to Sovos Brands shareholders which reflects $23.00 per share.
(2)    Represents cash paid to equity award holders of Sovos Brands restricted stock and restricted stock unit awards attributable to pre-combination service. This excludes $3 million of cash paid that was recognized as expense.
(3)    We issued replacement equity awards in settlement of certain Sovos Brands equity awards that did not become vested in connection with the acquisition. The portion of fair value of the replacement awards attributable to pre-combination service was $42 million and is included in the purchase consideration. We recognized $26 million of expense related to accelerated vesting of certain replacement awards.
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]
The table below presents the fair value that was allocated to acquired assets and assumed liabilities:
(Millions)Estimated Fair Value
Cash$240 
Accounts receivable96 
Inventories130 
Other current assets5 
Plant assets102 
Other intangible assets1,785 
Other assets16 
Total assets acquired$2,374
Accounts payable$96 
Accrued liabilities56 
Accrued income taxes1 
Long-term debt9 
Deferred taxes412 
Other liabilities11 
Total liabilities assumed$585 
Net assets acquired$1,789 
Goodwill1,110 
Total consideration$2,899 
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]
The identifiable intangible assets of Sovos Brands consist of:
(Millions)Type Life in YearsValue
TrademarksNon-amortizableIndefinite$1,470 
TrademarksAmortizable2083 
Customer relationshipsAmortizable20to30232 
Total identifiable intangible assets$1,785 
Business Acquisition, Pro Forma Information [Table Text Block]
The following unaudited summary information is presented on a consolidated pro forma basis as if the Sovos Brands acquisition had occurred on August 1, 2022:
Three Months EndedNine Months Ended
(Millions)April 28, 2024April 30, 2023April 28, 2024April 30, 2023
Net sales$2,510 $2,472 $8,061 $8,023 
Net earnings attributable to Campbell Soup Company$184 $141 $595 $532