v3.25.0.1
Segment Information (Tables)
 6 Months Ended
Jan. 26, 2025
Segment Reporting [Abstract]  
Schedule Of Segment Reporting [Table Text Block]
Three Months EndedSix Months Ended
(Millions)January 26, 2025January 28, 2024January 26, 2025January 28, 2024
Net sales
Meals & Beverages$1,679 $1,382 $3,385 $2,786 
Snacks1,006 1,074 2,072 2,188 
Total$2,685 $2,456 $5,457 $4,974 
Three Months EndedSix Months Ended
(Millions)January 26, 2025January 28, 2024January 26, 2025January 28, 2024
Earnings before interest and taxes
Meals & Beverages$291 $247 $628 $534 
Snacks114 161 256 322 
Corporate income (expense)(1)
(73)(89)(179)(177)
Restructuring charges(2)
(5)(2)(11)(4)
Total$327 $317 $694 $675 
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(1)Represents unallocated items. Costs related to cost savings and optimization initiatives were $20 million and $49 million in the three- and six-month periods ended January 26, 2025, and $34 million and $45 million in the three- and six-month periods ended January 28, 2024, respectively. Unrealized mark-to-market adjustments on outstanding undesignated commodity hedges were gains of $14 million and $18 million in the three- and six-month periods ended January 26, 2025, and gains of $7 million and losses of $8 million in the three- and six-month periods ended January 28, 2024, respectively. Accelerated amortization expense related to customer relationship intangible assets was $7 million and $14 million in the three- and six-month periods ended January 26, 2025 and January 28, 2024. Intangible asset impairment charges were $26 million in the three- and six-month periods ended in January 26, 2025. A loss on the sale of our Pop Secret popcorn business of $25 million was included in the six-month period ended January 26, 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 $1 million and $2 million in the three- and six-month periods ended January 26, 2025 and $1 million and $3 million in the three- and six-month periods ended January 28, 2024, respectively. Insurance recoveries of $1 million and costs of $3 million related to a cybersecurity incident were included in the six-month periods ended January 26, 2025 and January 28, 2024, respectively. A postretirement actuarial loss of $2 million was included in the six-month period ended January 26, 2025. Costs of $10 million and $19 million associated with the acquisition of Sovos Brands were included in the three- and six-month periods ended January 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 EndedSix Months Ended
(Millions)January 26, 2025January 28, 2024January 26, 2025January 28, 2024
Net sales
Soup$849 $841 $1,701 $1,701 
Snacks1,058 1,127 2,186 2,300 
Other simple meals605 317 1,218 619 
Beverages173 171 352 354 
Total$2,685 $2,456 $5,457 $4,974