v3.24.1.1.u2
Goodwill And Intangible Assets (Tables)
 9 Months Ended
Apr. 28, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill [Table Text Block]
The following table shows the changes in the carrying amount of goodwill:
(Millions)Meals & BeveragesSnacksTotal
Net balance at July 30, 2023
$990 $2,975 $3,965 
Acquisition(1)
1,110 — 1,110 
Foreign currency translation adjustment(3)— (3)
Net balance at April 28, 2024
$2,097 $2,975 $5,072 
____________________________________
(1)On March 12, 2024, we acquired Sovos Brands. See Note 3 for additional information.
Schedule of Finite-Lived Intangible Assets [Table Text Block]
The following table summarizes balance sheet information for intangible assets, excluding goodwill:
April 28, 2024July 30, 2023
(Millions)CostAccumulated AmortizationNetCostAccumulated AmortizationNet
Amortizable intangible assets
Customer relationships$1,062 $(281)$781 $830 $(229)$601 
Definite-lived trademarks83— 83 — — — 
Total amortizable intangible assets$1,145 $(281)$864 $830 $(229)$601 
Indefinite-lived trademarks
Rao's$1,470 $— 
Snyder's of Hanover620 620 
Lance350 350 
Kettle Brand318 318 
Pace292 292 
Pacific Foods280 280 
Cape Cod187 187 
Various other Snacks(1)
494 494 
Total indefinite-lived trademarks$4,011 $2,541 
Total net intangible assets$4,875 $3,142 
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(1)Associated with the acquisition of Snyder's-Lance, Inc. (Snyder's-Lance).
Schedule of Indefinite-Lived Intangible Assets [Table Block]
The following table summarizes balance sheet information for intangible assets, excluding goodwill:
April 28, 2024July 30, 2023
(Millions)CostAccumulated AmortizationNetCostAccumulated AmortizationNet
Amortizable intangible assets
Customer relationships$1,062 $(281)$781 $830 $(229)$601 
Definite-lived trademarks83— 83 — — — 
Total amortizable intangible assets$1,145 $(281)$864 $830 $(229)$601 
Indefinite-lived trademarks
Rao's$1,470 $— 
Snyder's of Hanover620 620 
Lance350 350 
Kettle Brand318 318 
Pace292 292 
Pacific Foods280 280 
Cape Cod187 187 
Various other Snacks(1)
494 494 
Total indefinite-lived trademarks$4,011 $2,541 
Total net intangible assets$4,875 $3,142 
____________________________________
(1)Associated with the acquisition of Snyder's-Lance, Inc. (Snyder's-Lance).