v3.25.1
Segment Information (Schedule Of Segment Reporting - Earnings Before Interest And Taxes) (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Apr. 27, 2025
Apr. 28, 2024
Apr. 27, 2025
Apr. 28, 2024
Segment Reporting Information [Line Items]        
Earnings before interest and taxes $ 161 $ 248 $ 855 $ 923
Accelerated Amortization of Intangible Assets (6) (6) (20) (20)
Impairment of Intangible Assets, Indefinite-Lived (Excluding Goodwill) [1] (150) 0 (176) 0
Gain (Loss) on Disposition of Business [2] 0 0 (25) 0
Costs Associated with Acquisition [3] $ 0 $ (16) $ 0 $ (35)
Impairment, Intangible Asset, Indefinite-Lived (Excluding Goodwill), Statement of Income or Comprehensive Income [Extensible Enumeration] Other expenses / (income) Other expenses / (income) Other expenses / (income) Other expenses / (income)
Sovos Brands Acquisition        
Segment Reporting Information [Line Items]        
Costs Associated with Acquisition   $ (95)   $ (114)
Other Postretirement Benefit Plan, Defined Benefit [Member]        
Segment Reporting Information [Line Items]        
Defined Benefit Plan, Actuarial Gain (Loss) $ 0 $ 0 $ (2) $ 0
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Immediate Recognition of Actuarial Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Other expenses / (income) Other expenses / (income) Other expenses / (income) Other expenses / (income)
Meals & Beverages [Member]        
Segment Reporting Information [Line Items]        
Earnings before interest and taxes $ 248 $ 229 $ 876 $ 763
Snacks [Member]        
Segment Reporting Information [Line Items]        
Earnings before interest and taxes 145 167 401 489
Corporate Segment and Other Operating Segment [Member]        
Segment Reporting Information [Line Items]        
Earnings before interest and taxes [4] (226) (135) (405) (312)
Other Restructuring Costs (25) (23) (74) (68)
Unrealized Gain (Loss) on Commodity Contracts (10) 13 8 5
Accelerated Amortization of Intangible Assets (6) (6) (20) (20)
Impairment of Intangible Assets, Indefinite-Lived (Excluding Goodwill) (150)   (176)  
Gain (Loss) on Disposition of Business     (25)  
Plum and Certain Other Litigation Expenses $ (4)   (6) (3)
Cybersecurity Incident Recoveries (Costs)     $ 1 (3)
Impairment, Intangible Asset, Indefinite-Lived (Excluding Goodwill), Statement of Income or Comprehensive Income [Extensible Enumeration] Other expenses / (income)   Other expenses / (income)  
Corporate Segment and Other Operating Segment [Member] | Sovos Brands Acquisition        
Segment Reporting Information [Line Items]        
Costs Associated with Acquisition   (77)   (96)
Corporate Segment and Other Operating Segment [Member] | Other Postretirement Benefit Plan, Defined Benefit [Member]        
Segment Reporting Information [Line Items]        
Defined Benefit Plan, Actuarial Gain (Loss)     $ (2)  
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Immediate Recognition of Actuarial Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]     Other expenses / (income)  
Corporate Segment and Other Operating Segment [Member] | Cost Savings and Optimization Initiatives        
Segment Reporting Information [Line Items]        
Earnings before interest and taxes [5] $ (6) $ (13) $ (17) $ (17)
[1] See Note 6 for additional information.
[2] See Note 4 for additional information.
[3] Related to the acquisition of Sovos Brands. See Note 3 for additional information.
[4] Represents unallocated items. Costs related to cost savings and optimization initiatives were $25 million and $74 million in the three- and nine-month periods ended April 27, 2025, and $23 million and $68 million in the three- and nine-month periods ended April 28, 2024, respectively. Unrealized mark-to-market adjustments on outstanding undesignated commodity hedges were losses of $10 million and gains of $8 million in the three- and nine-month periods ended April 27, 2025, and gains of $13 million and $5 million in the three- and nine-month periods ended April 28, 2024, respectively. Accelerated amortization expense related to customer relationship intangible assets was $6 million and $20 million in the three- and nine-month periods ended April 27, 2025 and April 28, 2024. Intangible asset impairment charges were $150 million and $176 million in the three- and nine-month periods ended in April 27, 2025, respectively. A loss on the sale of our Pop Secret popcorn business of $25 million was included in the nine-month period ended April 27, 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 $4 million and $6 million in the three- and nine-month periods ended April 27, 2025 and $3 million in the nine-month period ended April 28, 2024, respectively. Insurance recoveries of $1 million and costs of $3 million related to a cybersecurity incident were included in the nine-month periods ended April 27, 2025 and April 28, 2024, respectively. A postretirement actuarial loss of $2 million was included in the nine-month period ended April 27, 2025. Costs of $77 million and $96 million associated with the acquisition of Sovos Brands were included in the three- and nine-month periods ended April 28, 2024, respectively.
[5] See Note 8 for additional information.