v3.25.1
Restructuring Charges and Cost Savings Initiatives (Tables)
 9 Months Ended
Apr. 27, 2025
2015 and Snyder's-Lance Initiatives [Member]  
Schedule Of Pre-Tax Charge And Remaining Costs [Table Text Block]
A summary of the pre-tax charges recognized in the Consolidated Statements of Earnings related to these initiatives is as follows:
April 28, 2024
(Millions)Three Months EndedNine Months EndedTotal Program
Restructuring charges$(3)$1 $297 
Administrative expenses13 47 437 
Cost of products sold3 9 128 
Marketing and selling expenses1 4 23 
Research and development expenses1 3 10 
Total pre-tax charges$15 $64 $895 
A summary of the pre-tax costs associated with the initiatives is as follows:
(Millions)
Total Program
Severance pay and benefits
$253 
Asset impairment/accelerated depreciation134 
Implementation costs and other related costs
508 
Total$895 
Schedule Of Restructuring Charges Associated With Each Reportable Segment A summary of the pre-tax costs associated with segments is as follows:
(Millions)
Total Program
Meals & Beverages$288 
Snacks383 
Corporate224 
Total$895 
2025 Initiatives  
Schedule Of Pre-Tax Charge And Remaining Costs [Table Text Block]
A summary of the pre-tax charges recorded in the Consolidated Statement of Earnings related to these initiatives is as follows:
April 27, 2025
(Millions)Three Months EndedNine Months Ended
Restructuring charges$6 $17 
Administrative expenses7 26 
Cost of products sold7 25 
Marketing and selling expenses— 2 
Research and development expenses1 3 
Total pre-tax charges$21 $73 
A summary of the pre-tax costs associated with the initiatives is as follows:
(Millions)
Recognized as of April 27, 2025
Severance pay and benefits
$17 
Asset impairment/accelerated depreciation23 
Implementation costs and other related costs
33 
Total$73 
Schedule Of Restructuring Activity And Related Reserves [Table Text Block]
A summary of the restructuring activity and related reserves is as follows:
(Millions)Severance Pay and Benefits
Implementation Costs and Other Related
Costs(3)
Asset Impairment/Accelerated Depreciation
Other Non-Cash Exit Costs(4)
Total Charges
Accrued balance at July 28, 2024(1)
$36 
2025 charges
17 31 23 2 $73 
2025 cash payments
(21)
Accrued balance at April 27, 2025(2)
$32 
__________________________________ 
(1)Associated with the multi-year cost savings initiatives and Snyder's-Lance cost transformation program and integration, and the Sovos Brands integration initiatives described above. Includes $12 million of severance pay and benefits recorded in Other liabilities in the Consolidated Balance Sheet.
(2)Includes $16 million of severance pay and benefits recorded in Other liabilities in the Consolidated Balance Sheet.
(3)Includes other costs recognized as incurred that are not reflected in the restructuring reserve in the Consolidated Balance Sheet. The costs are included in Administrative expenses, Cost of products sold, Marketing and selling expenses and Research and development expenses in the Consolidated Statements of Earnings.
(4)Includes non-cash costs that are not reflected in the restructuring reserve in the Consolidated Balance Sheet.
Schedule Of Restructuring Charges Associated With Each Reportable Segment A summary of the pre-tax costs associated with segments is as follows:
April 27, 2025
(Millions)Three Months EndedNine Months Ended
Meals & Beverages$14 $51 
Snacks5 10 
Corporate2 12 
Total$21 $73