10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-Q

_____________________________________________________

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

For the Quarterly Period Ended
April 28, 2013 Commission File Number 1-3822

CAMPBELL SOUP COMPANY

New Jersey	21-0419870
State of Incorporation	I.R.S. Employer Identification No.

1 Campbell Place

Camden, New Jersey 08103-1799

Principal Executive Offices

Telephone Number: (856) 342-4800

_____________________________________________________

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. R Yes o No

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate web site, if any, every Interactive Date File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). R Yes o No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer þ Accelerated filer o Non-accelerated filer o (Do not check if a smaller  reporting company) Smaller reporting company o

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). o Yes R No

There were 313,144,813 shares of capital stock outstanding as of May30, 2013.

TABLE OF CONTENTS

PART I
	Item 1. FINANCIAL INFORMATION	3
	Item 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS	26
	Item 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK	36
	Item 4. CONTROLS AND PROCEDURES	36
PART II
	Item 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS	37
	Item 6. EXHIBITS	38
SIGNATURES		39
INDEX TO EXHIBITS		40

PART I

ITEM 1. FINANCIAL INFORMATION

CAMPBELL SOUP COMPANY

Consolidated Statements of Earnings

(unaudited)

(millions, except per share amounts)

	Three Months Ended						Nine Months Ended
	April 28, 2013			April 29, 2012			April 28, 2013			April 29, 2012
Net sales	$	2,094		$	1,821		$	6,763		$	6,094
Costs and expenses
Cost of products sold	1,346			1,115			4,331			3,723
Marketing and selling expenses	262			256			813			814
Administrative expenses	172			144			506			441
Research and development expenses	37			32			100			91
Other expenses / (income)	4			6			24			7
Restructuring charges	1			4			31			9
Total costs and expenses	1,822			1,557			5,805			5,085
Earnings before interest and taxes	272			264			958			1,009
Interest expense	33			29			102			87
Interest income	2			2			7			6
Earnings before taxes	241			237			863			928
Taxes on earnings	62			62			254			289
Net earnings	179			175			609			639
Less: Net earnings (loss) attributable to noncontrolling interests	(2		)	(2		)	(7		)	(8		)
Net earnings attributable to Campbell Soup Company	$	181		$	177		$	616		$	647
Per Share — Basic
Net earnings attributable to Campbell Soup Company	$	.58		$	.56		$	1.96		$	2.03
Dividends	$	—		$	.29		$	.87		$	.87
Weighted average shares outstanding — basic	314			316			314			318
Per Share — Assuming Dilution
Net earnings attributable to Campbell Soup Company	$	.57		$	.55		$	1.94		$	2.01
Weighted average shares outstanding — assuming dilution	317			318			317			320

See accompanying Notes to Consolidated Financial Statements.

3

CAMPBELL SOUP COMPANY

Consolidated Statements of Comprehensive Income

(unaudited)

(millions)

	Three Months Ended
	April 28, 2013									April 29, 2012
	Pre-tax amount			Tax (expense) benefit			After-tax amount			Pre-tax amount			Tax (expense) benefit			After-tax amount
Net earnings							$	179								$	175
Other comprehensive income (loss):
Foreign currency translation adjustments	$	(32	)	$	5		(27		)	$	(16	)	$	5		(11		)
Cash-flow hedges:
Unrealized gains (losses) arising during the period	(5		)	2			(3		)	3			(1		)	2
Reclassification adjustment for (gains) losses included in net earnings	—			—			—			(6		)	2			(4		)
Pension and other postretirement benefits:
Net actuarial gain (loss) arising during the period	1			—			1			(1		)	—			(1		)
Reclassification of prior service credit included in net earnings	—			—			—			—			—			—
Reclassification of net actuarial loss included in net earnings	31			(11		)	20			21			(7		)	14
Other comprehensive income (loss)	$	(5	)	$	(4	)	$	(9	)	$	1		$	(1	)	$	—
Total comprehensive income (loss)							170									175
Total comprehensive income (loss) attributable to noncontrolling interests							(2		)							(2		)
Total comprehensive income (loss) attributable to Campbell Soup Company							$	172								$	177
	Nine Months Ended
	April 28, 2013									April 29, 2012
	Pre-tax amount			Tax (expense) benefit			After-tax amount			Pre-tax amount			Tax (expense) benefit			After-tax amount
Net earnings							$	609								$	639
Other comprehensive income (loss):
Foreign currency translation adjustments	$	6		$	1		7			$	(96	)	$	(12	)	(108		)
Cash-flow hedges:
Unrealized gains (losses) arising during period	(1		)	—			(1		)	7			(2		)	5
Reclassification adjustment for (gains) losses included in net earnings	1			—			1			2			—			2
Pension and other postretirement benefits:
Net actuarial gain (loss) arising during the period	1			—			1			6			(2		)	4
Reclassification of prior service credit included in net earnings	(2		)	—			(2		)	(1		)	—			(1		)
Reclassification of net actuarial loss included in net earnings	93			(32		)	61			62			(22		)	40
Other comprehensive income (loss)	$	98		$	(31	)	$	67		$	(20	)	$	(38	)	$	(58	)
Total comprehensive income (loss)							$	676								$	581
Total comprehensive income (loss) attributable to noncontrolling interests							(7		)							(8		)
Total comprehensive income (loss) attributable to Campbell Soup Company							$	683								$	589

See accompanying Notes to Consolidated Financial Statements.

4

CAMPBELL SOUP COMPANY

Consolidated Balance Sheets

(unaudited)

(millions, except per share amounts)

	April 28, 2013			July 29, 2012
Current assets
Cash and cash equivalents	$	453		$	335
Accounts receivable, net	674			553
Inventories	888			714
Other current assets	162			169
Total current assets	2,177			1,771
Plant assets, net of depreciation	2,356			2,127
Goodwill	2,711			2,013
Other intangible assets, net of amortization	1,075			496
Other assets	134			123
Total assets	$	8,453		$	6,530
Current liabilities
Short-term borrowings	$	1,309		$	786
Payable to suppliers and others	590			571
Accrued liabilities	676			598
Dividend payable	8			93
Accrued income taxes	21			22
Total current liabilities	2,604			2,070
Long-term debt	2,944			2,004
Deferred taxes	478			298
Other liabilities	1,114			1,260
Total liabilities	7,140			5,632
Commitments and contingencies
Campbell Soup Company shareowners’ equity
Preferred stock; authorized 40 shares; none issued	—			—
Capital stock, $.0375 par value; authorized 560 shares; issued 323 shares as of April 28, 2013 and 542 as of July 29, 2012	12			20
Additional paid-in capital	357			329
Earnings retained in the business	2,022			9,584
Capital stock in treasury, at cost	(365		)	(8,259		)
Accumulated other comprehensive loss	(709		)	(776		)
Total Campbell Soup Company shareowners’ equity	1,317			898
Noncontrolling interests	(4		)	—
Total equity	1,313			898
Total liabilities and equity	$	8,453		$	6,530

See accompanying Notes to Consolidated Financial Statements.

5

CAMPBELL SOUP COMPANY

Consolidated Statements of Cash Flows

(unaudited)

(millions)

	Nine Months Ended
	April 28, 2013			April 29, 2012
Cash flows from operating activities:
Net earnings	$	609		$	639
Adjustments to reconcile net earnings to operating cash flow
Restructuring charges	31			9
Stock-based compensation	82			62
Depreciation and amortization	318			189
Deferred income taxes	(10		)	64
Other, net	114			94
Changes in working capital
Accounts receivable	(40		)	(23		)
Inventories	(52		)	80
Prepaid assets	1			—
Accounts payable and accrued liabilities	(82		)	(140		)
Pension fund contributions	(83		)	(68		)
Receipts from hedging activities	20			11
Other	(44		)	(79		)
Net cash provided by operating activities	864			838
Cash flows from investing activities:
Purchases of plant assets	(205		)	(173		)
Sales of plant assets	4			1
Business acquired, net of cash acquired	(1,558		)	—
Other, net	(15		)	6
Net cash used in investing activities	(1,774		)	(166		)
Cash flows from financing activities:
Net short-term borrowings (repayments)	613			(302		)
Long-term borrowings	1,250			—
Repayments of notes payable	(400		)	—
Dividends paid	(366		)	(281		)
Treasury stock purchases	(139		)	(272		)
Treasury stock issuances	78			94
Excess tax benefits on stock-based compensation	9			6
Contribution from noncontrolling interest	3			—
Other, net	(17		)	—
Net cash provided by (used in) financing activities	1,031			(755		)
Effect of exchange rate changes on cash	(3		)	(18		)
Net change in cash and cash equivalents	118			(101		)
Cash and cash equivalents — beginning of period	335			484
Cash and cash equivalents — end of period	$	453		$	383

See accompanying Notes to Consolidated Financial Statements.

6

CAMPBELL SOUP COMPANY

Consolidated Statements of Equity

(unaudited)

(millions, except per share amounts)

	Campbell Soup Company Shareowners’ Equity
	Capital Stock										Additional Paid-in Capital		Earnings Retained in the Business			Accumulated Other Comprehensive Income (Loss)			Noncontrolling Interests
	Issued					In Treasury																Total Equity
	Shares		Amount			Shares		Amount
Balance at July 31, 2011	542		$	20		(222	)	$	(8,021	)	$	331	$	9,185		$	(427	)	$	8		$	1,096
Net earnings (loss)													647						(8		)	639
Other comprehensive income (loss)																(58		)	—			(58		)
Dividends ($.87 per share)													(282		)							(282		)
Treasury stock purchased						(8	)	(272		)												(272		)
Treasury stock issued under management incentive and stock option plans						4		149			—											149
Balance at April 29, 2012	542		$	20		(226	)	$	(8,144	)	$	331	$	9,550		$	(485	)	$	—		$	1,272
Balance at July 29, 2012	542		$	20		(230	)	$	(8,259	)	$	329	$	9,584		$	(776	)	$	—		$	898
Contribution from noncontrolling interest																			3			3
Net earnings (loss)													616						(7		)	609
Other comprehensive income (loss)																67			—			67
Dividends ($.87 per share)													(279		)							(279		)
Treasury stock purchased						(4	)	(139		)												(139		)
Treasury stock retired	(219	)	(8		)	219		7,907					(7,899		)							—
Treasury stock issued under management incentive and stock option plans						4		126			28											154
Balance at April 28, 2013	323		$	12		(11	)	$	(365	)	$	357	$	2,022		$	(709	)	$	(4	)	$	1,313

See accompanying Notes to Consolidated Financial Statements.

7

Notes to Consolidated Financial Statements

(unaudited)

(currency in millions, except per share amounts)

1. Basis of Presentation and Significant Accounting Policies

The financial statements reflect all adjustments which are, in the opinion of management, necessary for a fair presentation of the results of operations, financial position, and cash flows for the indicated periods. The accounting policies used in preparing these financial statements are consistent with those applied in the Annual Report on Form 10-K for the year ended July 29, 2012. The results for the period are not necessarily indicative of the results to be expected for other interim periods or the full year.

2. Recent Accounting Pronouncements

In June 2011, the Financial Accounting Standards Board (FASB) issued authoritative guidance requiring entities to present net income and other comprehensive income (OCI) in one continuous statement or two separate, but consecutive, statements of net income and comprehensive income. The option to present items of OCI in the statement of changes in equity has been eliminated. In December 2011, the FASB issued an amendment to defer a requirement in the June 2011 standard that called for reclassification adjustments from accumulated other comprehensive income (AOCI) to be measured and presented by income statement line item in net income and also in OCI. The requirements are effective for annual reporting periods beginning after December 15, 2011, and for interim reporting periods within those years. The company adopted the guidance in the first quarter of 2013. The adoption impacted the presentation of financial statements but did not have a material impact on the company’s consolidated financial statements.

In February 2013, the FASB finalized the requirements related to reclassification adjustments from AOCI. The new standard requires that companies present either in a single note or parenthetically on the face of the financial statements, the effect of significant amounts reclassified from each component of AOCI. If a component is not required to be reclassified to net income in its entirety, the guidance requires a cross-reference to other disclosures that provide additional information. The company adopted the guidance in the third quarter of 2013. The adoption resulted in additional disclosures but did not have a material impact on the company’s consolidated financial statements.

In December 2011, the FASB issued guidance related to disclosures about offsetting (netting) of assets and liabilities in the statement of financial position. The guidance requires entities to disclose gross information and net information about both instruments and transactions that are offset in the statement of financial position, and instruments and transactions subject to an agreement similar to a master netting arrangement. The scope includes financial instruments and derivative instruments. In January 2013, the FASB issued an amendment to the guidance to limit the scope of the new balance sheet offsetting disclosures to derivatives, repurchase agreements, and securities lending transactions to the extent that they are offset in the financial statements or subject to an enforceable master netting arrangement or similar arrangement. The disclosures are required for fiscal years and interim periods within those years beginning on or after January 1, 2013. Disclosures required under the guidance will be provided for all comparative periods presented. The adoption will impact disclosures but will not have a material impact on the company’s consolidated financial statements.

In July 2012, the FASB issued revised guidance intended to simplify how an entity tests indefinite-lived intangible assets for impairment. The amendments will allow an entity first to assess qualitative factors to determine whether it is necessary to perform a quantitative impairment test. An entity will no longer be required to calculate the fair value of an indefinite-lived intangible asset and perform the quantitative test unless the entity determines, based on a qualitative assessment, that it is more likely than not that its fair value is less than its carrying amount. The amendments are effective for annual and interim indefinite-lived intangible asset impairment tests performed for fiscal years beginning after September 15, 2012. Early adoption is permitted. The company does not expect the adoption to have a material impact on the company’s consolidated financial statements.

In February 2013, the FASB issued guidance for the recognition, measurement, and disclosure of certain obligations resulting from joint and several liability arrangements for which the total amount is fixed. Such obligations may include debt arrangements, legal settlements, and other contractual arrangements. The guidance is effective for fiscal years and interim periods within those fiscal years beginning after December 15, 2013 and should be applied retrospectively to all prior periods presented for those obligations within scope that existed as of the beginning of the fiscal year of adoption. Early adoption is permitted. The company is currently evaluating the new guidance.

In March 2013, the FASB issued guidance on the accounting for the cumulative translation adjustment upon derecognition of certain subsidiaries or groups of assets within a foreign entity or of an investment in a foreign entity. The guidance is effective prospectively for fiscal years and interim periods within those fiscal years beginning after December 15, 2013. Early adoption is permitted. The company will prospectively apply the guidance to applicable transactions.

8

3. Acquisition

On August 6, 2012, the company completed the acquisition of BF Bolthouse Holdco LLC (Bolthouse Farms) from a fund managed by Madison Dearborn Partners, LLC, a private equity firm, for $1,550 in cash, subject to customary purchase price adjustments. On August 6, 2012, the preliminary purchase price adjustments resulted in an increase in the purchase price of $20. In the third quarter, the purchase price adjustments were finalized and reduced to $11. The company funded the acquisition through a combination of short- and long-term borrowings.

The acquisition of Bolthouse Farms provides the company with a new growth platform. Bolthouse Farms is a vertically integrated food and beverage company focused on developing, manufacturing and marketing fresh carrots and proprietary, high value-added natural, healthy products. Bolthouse Farms is one of the market leaders in super-premium refrigerated beverages in the U.S. and Canada and expands the company's beverage portfolio. Bolthouse Farms' leading U.S. and Canadian market position in fresh carrots anchors its business and provides significant cash flow. In addition, Bolthouse Farms' prominent position in the high-growth packaged fresh category offers opportunities for expansion into adjacent segments that respond directly to significant consumer trends.

The company incurred transactions costs of $10 ($7 after tax) in the first quarter of 2013 and $5 ($3 after tax) during the fourth quarter of 2012. The costs were recorded in Other expenses/(income).

The acquisition of Bolthouse Farms contributed $205 to Net sales and resulted in an increase of $6 to Net earnings for the three months ended April 28, 2013, and contributed $571 to Net sales and resulted in an increase of $8 to Net earnings from August 6, 2012 through April 28, 2013. Net earnings reflect the transaction costs incurred in 2013, additional interest expense on the debt issued to finance the purchase, amortization and depreciation expense based on the estimated fair value and useful lives of intangible assets, plant assets, and related tax effects.

The following unaudited summary information is presented on a consolidated pro forma basis as if the acquisition had occurred on August 1, 2011.

	Three Months Ended				Nine Months Ended
	April 28, 2013		April 29, 2012		April 28, 2013		April 29, 2012
Net sales	$	2,094	$	2,013	$	6,776	$	6,618
Net earnings attributable to Campbell Soup Company	$	181	$	167	$	616	$	628
Earnings per share attributable to Campbell Soup Company	$	0.57	$	0.53	$	1.94	$	1.95

The pro forma amounts include transaction costs, additional interest expense on the debt issued to finance the purchase, amortization and depreciation expense based on the estimated fair value and useful lives of intangible assets, plant assets, and related tax effects. The pro forma results are not necessarily indicative of the combined results had the acquisition been completed at August 1, 2011, nor are they indicative of future combined results.

9

The acquired assets and assumed liabilities include the following:

	August 6, 2012
Cash	$	3
Accounts receivable	74
Inventories	122
Other current assets	8
Plant assets	335
Goodwill	691
Other intangible assets	580
Other assets	8
Short-term debt	(1		)
Accounts payable	(59		)
Accrued liabilities	(34		)
Long-term debt	(1		)
Deferred income taxes	(150		)
Other liabilities	(15		)
Total of assets acquired and liabilities assumed	$	1,561

The purchase price allocation is preliminary and is subject to the finalization of tax balances, which will be completed in the fourth quarter of 2013.

The excess of the purchase price over the estimated fair values of the identifiable assets was recorded as $691 of goodwill. Of this amount, $284 is expected to be deductible for tax purposes. The goodwill was primarily attributable to future growth opportunities and any intangible assets that did not qualify for separate recognition. The goodwill is included in the Bolthouse and Foodservice segment.

The fair value of intangible assets is as follows:

	Type	Life			Value
Trademarks	Non-amortizable	Indefinite			$	383
Customer relationships	Amortizable	20 years			132
Distributor relationship	Amortizable	7 years			2
Technology and patents	Amortizable	9	to	17 years	43
Formula and recipes	Amortizable	5 years			20
Total identifiable assets					$	580

10

4. Accumulated Other Comprehensive Income (Loss)

The components of Accumulated other comprehensive income (loss) consisted of the following:

	Foreign Currency Translation Adjustment (1)		Gains (Losses) on Cash Flow Hedges (2)			Pension and Postretirement Benefit Plan Adjustments (3)			Total Accumulated Comprehensive Income (Loss)
Balance at July 29, 2012	$	261	$	(10	)	$	(1,027	)	$	(776	)
Other comprehensive income (loss) before reclassifications	7		(1		)	1			7
Amounts reclassified from accumulated other comprehensive income	—		1			59			60
Net current-period other comprehensive income	7		—			60			67
Balance at April 28, 2013	$	268	$	(10	)	$	(967	)	$	(709	)

_______________________________________

(1) Included a tax expense of $11 as of April 28, 2013, and $12 as of July 29, 2012. The amount related to noncontrolling interests was not material.

(2) Included a tax benefit of $6 as of April 28, 2013, and July 29, 2012.

(3) Included a tax benefit of $549 as of April 28, 2013, and $581 as of July 29, 2012.

The amounts reclassified from Accumulated other comprehensive income (loss) consisted of the following:

	Three Months Ended						Nine Months Ended
Details about Accumulated Other Comprehensive Income Components	April 28, 2013			April 29, 2012			April 28, 2013			April 29, 2012			Location of (Gain) Loss Recognized in Earnings
	Amount Reclassified from Accumulated Other Comprehensive Income (Loss)
(Gains) losses on cash flow hedges
Foreign exchange forward contracts	$	(1	)	$	(6	)	$	(2	)	$	—		Cost of products sold
Forward starting interest rate swaps	1			—			3			2			Interest expense
Total before tax	—			(6		)	1			2
Tax expense (benefit)	—			2			—			—
(Gain) loss, net of tax	$	—		$	(4	)	$	1		$	2
Amortization of pension and postretirement benefit adjustments
Prior service credits	$	—		$	—		$	(2	)	$	(1	)	(1)
Net actuarial losses	31			21			93			62			(1)
Total before tax	31			21			91			61
Tax expense (benefit)	(11		)	(7		)	(32		)	(22		)
(Gain) loss, net of tax	$	20		$	14		$	59		$	39

_____________________________________

(1) These items are included in the components of net periodic benefit costs (see Note 10 for additional details).

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5. Goodwill and Intangible Assets

The following table shows the changes in the carrying amount of goodwill by business segment:

	U.S.     Simple Meals		Global Baking and Snacking			International Simple Meals and Beverages		U.S. Beverages		Bolthouse and Foodservice		Total
Balance at July 29, 2012	$	322	$	872		$	561	$	112	$	146	$	2,013
Acquisition	—		—			—		—		691		691
Foreign currency translation adjustment	—		(16		)	23		—		—		7
Balance at April 28, 2013	$	322	$	856		$	584	$	112	$	837	$	2,711

The following table sets forth balance sheet information for intangible assets, excluding goodwill, subject to amortization and intangible assets not subject to amortization:

	April 28, 2013			July 29, 2012
Intangible Assets:
Non-amortizable intangible assets	$	878		$	485
Amortizable intangible assets	212			21
	1,090			506
Accumulated amortization	(15		)	(10		)
Total net intangible assets	$	1,075		$	496

Non-amortizable intangible assets consist of trademarks, which include Bolthouse Farms, Pace, Royco, Liebig, Blå Band and Touch of Taste.

Amortizable intangible assets consist substantially of customer relationships, process technology and formulas and recipes. Amortization related to these assets was $11 and $1 for the nine-month periods ended April 28, 2013 and April 29, 2012, respectively. The estimated aggregated amortization expense for 2013 and for each of the four succeeding years is approximately $15 per year. Asset useful lives range from 5 to 20 years.

6. Business and Geographic Segment Information

The company manages operations through 13 operating segments based on product type and geographic location and has aggregated the operating segments into the appropriate reportable segment based on similar economic characteristics; products; production processes; types or classes of customers; distribution methods; and regulatory environment. The reportable segments are discussed in greater detail below.

The U.S. Simple Meals segment aggregates the following operating segments: U.S. Soup and U.S. Sauces. The U.S. Soup retail business includes the following products: Campbell’s condensed and ready-to-serve soups; and Swanson broth and stocks. The U.S. Sauces retail business includes the following products: Prego pasta sauces; Pace Mexican sauces; Campbell’s canned gravies, pasta and beans; and Swanson canned poultry.

The Global Baking and Snacking segment aggregates the following operating segments: Pepperidge Farm cookies, crackers, bakery and frozen products in U.S. retail; and Arnott’s biscuits in Australia and Asia Pacific.

The International Simple Meals and Beverages segment aggregates operating segments outside of the U.S., including Europe, the retail business in Canada, and the businesses in Asia Pacific, Latin America and China.

The U.S. Beverages segment represents the U.S. retail beverages business, including the following products: V8 juices and beverages; and Campbell’s tomato juice.

Bolthouse and Foodservice comprises the Bolthouse Farms carrot products operating segment, including fresh carrots, juice concentrate and fiber; the Bolthouse Farms super-premium refrigerated beverages and refrigerated salad dressings operating segment; and the North America Foodservice operating segment. The North America Foodservice operating segment represents the distribution of products such as soup, specialty entrées, beverage products, other prepared foods and Pepperidge Farm products through various food service channels in the U.S. and Canada. None of these operating segments meets the criteria for aggregation nor the thresholds for separate disclosure.  

The company evaluates segment performance before interest, taxes and costs associated with restructuring activities. Unrealized gains and losses on commodity hedging activities are excluded from segment operating earnings and are recorded in

12

Corporate expenses as these open positions represent hedges of future purchases. Upon closing of the contracts, the realized gain or loss is transferred to segment operating earnings, which allows the segments to reflect the economic effects of the hedge without exposure to quarterly volatility of unrealized gains and losses. Certain manufacturing, warehousing and distribution activities of the segments are integrated in order to maximize efficiency and productivity. As a result, asset information by segment is not discretely maintained for internal reporting or used in evaluating performance.

	Three Months Ended				Nine Months Ended
	April 28, 2013		April 29, 2012		April 28, 2013		April 29, 2012
Net sales
U.S. Simple Meals	$	627	$	567	$	2,356	$	2,265
Global Baking and Snacking	568		543		1,703		1,637
International Simple Meals and Beverages	357		349		1,116		1,110
U.S. Beverages	198		208		569		593
Bolthouse and Foodservice	344		154		1,019		489
Total	$	2,094	$	1,821	$	6,763	$	6,094

	Three Months Ended						Nine Months Ended
	April 28, 2013			April 29, 2012			April 28, 2013			April 29, 2012
Earnings before interest and taxes
U.S. Simple Meals	$	156		$	120		$	621		$	554
Global Baking and Snacking	73			73			232			232
International Simple Meals and Beverages	40			37			141			138
U.S. Beverages	33			45			100			109
Bolthouse and Foodservice	27			20			91			75
Corporate(1)	(56		)	(27		)	(196		)	(90		)
Restructuring charges(2)	(1		)	(4		)	(31		)	(9		)
Total	$	272		$	264		$	958		$	1,009

_______________________________________

(1) Represents unallocated corporate expenses. Restructuring-related costs of $20 and $81 were included in unallocated corporate expenses for the three- and nine-month periods ended April 28, 2013, respectively. In addition, unallocated corporate expenses included $10 of acquisition costs in the nine-month period ended April 28, 2013.

(2) See Note 7 for additional information.

The company’s global net sales based on product categories are as follows:

	Three Months Ended				Nine Months Ended
	April 28, 2013		April 29, 2012		April 28, 2013		April 29, 2012
Net sales
Simple Meals	$	1,171	$	985	$	4,042	$	3,618
Baked Snacks	602		576		1,806		1,735
Beverages	321		260		915		741
Total	$	2,094	$	1,821	$	6,763	$	6,094

Simple Meals include condensed and ready-to-serve soups, broths, sauces, carrot products, and refrigerated salad dressings. Baked Snacks include cookies, crackers, biscuits, and other baked products.

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7. Restructuring Charges

2013 Initiatives

In the second and third quarters of 2013, the company recorded restructuring charges of $7 ($5 after tax or $.02 per share) associated with commercial arrangements with third-party providers to expand the company's access to manufacturing and distribution capabilities in Mexico. The third-party providers will produce and distribute the company's beverages, soups, broths and sauces throughout the Mexican market. As a result of these agreements, the company will close its plant in Villagrán, Mexico, in 2014 and eliminate approximately 260 positions. The charge consisted of $3 related to pension benefits (See Note 10), $1 related to employee severance and benefit costs, and $3 related to asset impairment. The company expects to incur an additional $1 of accelerated depreciation and $1 of other exit costs related to this initiative. Of the aggregate $9 of pre-tax costs, the company expects approximately $4 will be cash expenditures. These charges are associated with the International Simple Meals and Beverages segment. Segment operating results do not include restructuring charges as segment performance is evaluated excluding such charges.

In the first quarter of 2013, the company announced several initiatives to improve its U.S. supply chain cost structure and increase asset utilization across its U.S. thermal plant network. The company expects to eliminate approximately 727 positions in connection with the initiatives, which include the following:

• The company will close its thermal plant in Sacramento, California, which produces soups, sauces and beverages. The closure will result in the elimination of approximately 700 full-time positions and will be completed in phases, with plans to cease operations in July 2013. The company plans to shift the majority of Sacramento's soup, sauce and beverage production to its thermal plants in Maxton, North Carolina; Napoleon, Ohio; and Paris, Texas.

• The company will also close its spice plant in South Plainfield, New Jersey, which will result in the elimination of 27 positions. The company will consolidate spice production at its Milwaukee, Wisconsin, plant in 2013.

In the nine-month period ended April 28, 2013, the company recorded a restructuring charge of $24 related to these initiatives. In addition, approximately $81 of costs related to these initiatives were recorded in Cost of products sold, representing accelerated depreciation and other exit costs. The aggregate after-tax impact of restructuring charges and related costs was $66, or $.21 per share. A summary of the pre-tax costs and remaining costs associated with the U.S. supply chain initiatives is as follows:

	Total Program		Recognized as of April 28, 2013			Remaining Costs to be Recognized
Severance pay and benefits	$	22	$	(22	)	$	—
Accelerated depreciation	86		(80		)	6
Other exit costs	12		(3		)	9
Total	$	120	$	(105	)	$	15

In the third quarter, the company increased the estimate of the total anticipated pre-tax costs to approximately $120 from $115, primarily due to increases in expected asset charges related to property, plant and equipment, partially offset by lower severance pay and benefits, and other exit costs. Of the aggregate $120 of pre-tax costs, the company expects approximately $32 will be cash expenditures. In addition, the company expects to invest approximately $27 in capital expenditures, primarily to relocate and refurbish a beverage filling and packaging line.

A summary of the restructuring activity and related reserves associated with these U.S. supply chain initiatives at April 28, 2013 is as follows:

			Nine Months Ended
			April 28, 2013
	Accrued Balance at				Cash			Accrued Balance at
	July 29, 2012		Charges		Payments			April 28, 2013
Severance pay and benefits	$	—	$	22	$	(5	)	$	17
Other exit costs	—		—		—			—
	$	—	22		$	(5	)	$	17
Accelerated depreciation			80
Other non-cash exit costs			3
Total charges			$	105

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A summary of restructuring charges related to these U.S. supply chain initiatives incurred to date associated with segments is as follows:

	U.S. Simple Meals		U.S. Beverages		Total
Severance pay and benefits	$	17	$	5	$	22
Accelerated depreciation	59		21		80
Other exit costs	2		1		3
	$	78	$	27	$	105

The company expects to incur additional pre-tax costs of approximately $15 by segment as follows: U.S. Simple Meals - $12; and U.S. Beverages - $3. Segment operating results do not include restructuring charges as segment performance is evaluated excluding such charges.

2011 Initiatives

In the fourth quarter of 2011, the company announced a series of initiatives to improve supply chain efficiency and reduce overhead costs across the organization to help fund plans to drive the growth of the business. The company also announced its intent to exit the Russian market. Details of the initiatives include:

• In Australia, the company is investing in a new system to automate packing operations at its biscuit plant in Virginia. This investment continued through the third quarter of 2013 and will result in the elimination of approximately 190 positions. The initiative is now expected to be substantially completed by December 2013. Further, the company improved asset utilization in the U.S. by shifting production of ready-to-serve soups from Paris, Texas, to other facilities in 2012. In addition, the manufacturing facility in Marshall, Michigan, was closed in 2011, and manufacturing of Campbell’s Soup at Hand microwavable products was consolidated at the Maxton, North Carolina, plant in 2012.

• The company streamlined its salaried workforce by approximately 510 positions around the world, including approximately 130 positions at its world headquarters in Camden, New Jersey. These actions were substantially completed in 2011. As part of this initiative, the company outsourced a larger portion of its U.S. retail merchandising activities to its current retail sales agent, Acosta Sales and Marketing, and eliminated approximately 190 positions.

• In connection with exiting the Russian market, the company eliminated approximately 50 positions. The exit process commenced in 2011 and was substantially completed in 2012.

In 2012, the company recorded a restructuring charge of $10 ($6 after tax or $.02 per share) related to these initiatives. Of the amount recorded in 2012, $9 ($6 after tax or $.02 per share) was recorded through the end of the third quarter. In the fourth quarter of 2011, the company recorded a restructuring charge of $63 ($41 after tax or $.12 per share). A summary of the pre-tax charges and remaining costs associated with the initiatives is as follows:

	Total Program		Recognized as of April 28, 2013			Remaining Costs to be Recognized
Severance pay and benefits	$	41	$	(41	)	$	—
Asset impairment/accelerated depreciation	23		(23		)	—
Other exit costs	10		(9		)	1
Total	$	74	$	(73	)	$	1

Of the aggregate $74 of pre-tax costs, approximately $50 represents cash expenditures, the majority of which was spent in 2012. In addition, the company expects to invest approximately $40 in capital expenditures in connection with the actions, of which approximately $31 has been invested as of April 28, 2013.

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A summary of the restructuring activity and related reserves associated with these initiatives at April 28, 2013 is as follows:

			Nine Months Ended
			April 28, 2013
	Accrued Balance at				Cash			Foreign  Currency Translation		Accrued Balance at
	July 29, 2012		Charges		Payments			Adjustment		April 28, 2013
Severance pay and benefits	$	14	$	—	$	(9	)	$	—	$	5
Other exit costs	2		—		—			—		2
	$	16	$	—	$	(9	)	$	—	$	7

A summary of restructuring charges incurred to date associated with each segment is as follows:

	U.S. Simple Meals		Global Baking and Snacking		International Simple Meals and Beverages		U.S. Beverages		Bolthouse and Foodservice		Corporate		Total
Severance pay and benefits	$	10	$	14	$	11	$	3	$	1	$	2	$	41
Asset impairment/accelerated depreciation	20		—		3		—		—		—		23
Other exit costs	2		—		3		—		—		4		9
	$	32	$	14	$	17	$	3	$	1	$	6	$	73

The company expects to incur additional pre-tax costs of approximately $1 in the U.S. Simple Meals segment. Segment operating results do not include restructuring charges as segment performance is evaluated excluding such charges.

8. Earnings per Share

The accounting guidance for earnings per share provides that unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents (whether paid or unpaid) are participating securities and shall be included in the computation of earnings per share pursuant to the two-class method. The two-class method is an earnings allocation formula that determines earnings per share for each class of common stock and participating security according to dividends declared and participation rights in undistributed earnings. Awards issued by the company prior to 2011 contained non-forfeitable rights to dividends or dividend equivalents.

The computation of basic and diluted earnings per share attributable to common shareowners is as follows:

	Three Months Ended					Nine Months Ended
	April 28, 2013		April 29, 2012			April 28, 2013		April 29, 2012
Net earnings attributable to Campbell Soup Company	$	181	$	177		$	616	$	647
Less: net earnings allocated to participating securities	—		(1		)	—		(3		)
Net earnings available to Campbell Soup Company common shareowners	$	181	$	176		$	616	$	644
Weighted average shares outstanding — basic	314		316			314		318
Effect of dilutive securities: stock options and other share-based payment awards	3		2			3		2
Weighted average shares outstanding — diluted	317		318			317		320
Net earnings attributable to Campbell Soup Company per common share:
Basic	$	.58	$	.56		$	1.96	$	2.03
Diluted	$	.57	$	.55		$	1.94	$	2.01

There were no antidilutive stock options for the three-month and nine-month periods ended April 28, 2013 and April 29, 2012.

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9. Noncontrolling Interests

The company owns a 60% controlling interest in a joint venture formed with Swire Pacific Limited to support the development of the company’s business in China. The joint venture began operations on January 31, 2011. In February 2013, the company and joint venture partner contributed additional cash of $5 and $3, respectively. The noncontrolling interest’s share in the net loss was included in Net earnings (loss) attributable to noncontrolling interests in the Consolidated Statements of Earnings.

The company owns a 70% controlling interest in a Malaysian food products manufacturing company. The earnings attributable to the noncontrolling interest were not material in 2013 or 2012.

The noncontrolling interests in these entities were included in Total equity in the Consolidated Balance Sheets and Consolidated Statements of Equity.

10. Pension and Postretirement Benefits

The company sponsors certain defined benefit pension plans and postretirement benefit plans for employees. Components of benefit expense were as follows:

	Three Months Ended										Nine Months Ended
	Pension						Postretirement				Pension						Postretirement
	April 28, 2013			April 29, 2012			April 28, 2013		April 29, 2012		April 28, 2013			April 29, 2012			April 28, 2013			April 29, 2012
Service cost	$	15		$	14		$	1	$	—	$	43		$	41		$	3		$	2
Interest cost	27			31			3		4		81			92			11			13
Expected return on plan assets	(44		)	(44		)	—		—		(133		)	(133		)	—			—
Amortization of prior service credit	—			—			—		—		(1		)	—			(1		)	(1		)
Recognized net actuarial loss	27			18			4		3		81			55			11			7
Curtailment loss	—			—			—		—		3			—			—			—
Net periodic benefit expense	$	25		$	19		$	8	$	7	$	74		$	55		$	24		$	21

The curtailment loss of $3 related to the planned closure of the plant in Mexico and was included in the Restructuring charges. See also Note 7.

A contribution of $75 was made to U.S. pension plans and contributions of $8 were made to non-U.S. pension plans during the nine-month period ended April 28, 2013. Additional contributions to U.S. pension plans are not expected this year. Contributions to non-U.S. pension plans are expected to be approximately $4 during the remainder of the year.

11. Short-term Borrowings and Long-term Debt

On August 6, 2012, the company completed the acquisition of Bolthouse Farms from a fund managed by Madison Dearborn Partners, LLC, a private equity firm, for $1,550 in cash, subject to customary purchase price adjustments. On August 6, 2012, the preliminary purchase price adjustments resulted in an increase in the purchase price of $20. In the third quarter, the purchase price adjustments were finalized and reduced to $11. The acquisition was funded through a combination of short- and long-term borrowings. The terms of long-term borrowings, which were issued on August 2, 2012, were as follows:

• $400 floating rate notes that mature on August 1, 2014. Interest on the notes is based on 3-month U.S. dollar LIBOR plus 0.3% . Interest is payable quarterly and commenced on November 1, 2012;

• $450 of 2.50% notes that mature on August 2, 2022. Interest is payable semi-annually and commenced on February 2, 2013. The company may redeem the notes in whole or in part at any time at a redemption price of 100% of the principal amount plus accrued interest or an amount designed to ensure that the note holders are not penalized by the early redemption; and

• $400 of 3.80% notes that mature on August 2, 2042. Interest is payable semi-annually and commenced on February 2, 2013. The company may redeem the notes in whole or in part at any time at a redemption price of 100% of the principal amount plus accrued interest or an amount designed to ensure that the note holders are not penalized by the early redemption.

17

The remaining balance was funded through the issuance of commercial paper.

12. Financial Instruments

The principal market risks to which the company is exposed are changes in foreign currency exchange rates, interest rates, and commodity prices. In addition, the company is exposed to equity price changes related to certain deferred compensation obligations. In order to manage these exposures, the company follows established risk management policies and procedures, including the use of derivative contracts such as swaps, options, forwards and commodity futures. These derivative contracts are entered into for periods consistent with the related underlying exposures and do not constitute positions independent of those exposures. The company does not enter into derivative contracts for speculative purposes and does not use leveraged instruments. The company’s derivative programs include both instruments that qualify and that do not qualify for hedge accounting treatment.

Concentration of Credit Risk

The company is exposed to the risk that counterparties to derivative contracts will fail to meet their contractual obligations.  To mitigate counterparty credit risk, the company only enters into contracts with carefully selected, leading, credit-worthy financial institutions, and distributes contracts among several financial institutions to reduce the concentration of credit risk. The company does not have credit-risk-related contingent features in its derivative instruments as of April 28, 2013. During 2012, the company's largest customer accounted for approximately 17% of consolidated net sales. The company closely monitors credit risk associated with counterparties and customers.

Foreign Currency Exchange Risk

The company is exposed to foreign currency exchange risk related to its international operations, including non-functional currency intercompany debt and net investments in subsidiaries. The company is also exposed to foreign exchange risk as a result of transactions in currencies other than the functional currency of certain subsidiaries. Principal currencies hedged include the Australian dollar, Canadian dollar, euro, Swedish krona, New Zealand dollar, British pound and Japanese yen. The company utilizes foreign exchange forward purchase and sale contracts as well as cross-currency swaps to hedge these exposures. The contracts are either designated as cash-flow hedging instruments or are undesignated. The company hedges portions of its forecasted foreign currency transaction exposure with foreign exchange forward contracts for periods typically up to 18 months. To hedge currency exposures related to intercompany debt, cross-currency swap contracts are entered into for periods consistent with the underlying debt. As of April 28, 2013, cross-currency swap contracts mature between 2 and 26 months. The notional amount of foreign exchange forward and cross-currency swap contracts accounted for as cash-flow hedges was $148 at April 28, 2013 and $156 at July 29, 2012. The effective portion of the changes in fair value on these instruments is recorded in other comprehensive income (loss) and is reclassified into the Consolidated Statements of Earnings on the same line item and the same period in which the underlying hedged transaction affects earnings. The notional amount of foreign exchange forward and cross-currency swap contracts that are not designated as accounting hedges was $843 and $908 at April 28, 2013 and July 29, 2012, respectively.

Interest Rate Risk

The company manages its exposure to changes in interest rates by optimizing the use of variable-rate and fixed-rate debt and by utilizing interest rate swaps in order to maintain its variable-to-total debt ratio within targeted guidelines. Receive fixed rate/pay variable rate interest rate swaps are accounted for as fair-value hedges. The notional amount of outstanding fair-value interest rate swaps totaled $200 at April 28, 2013 and $500 at July 29, 2012. These swaps mature in 5 months. The company manages its exposure to interest rate volatility on future debt issuances by entering into forward starting interest rate swaps to lock in the rate on the interest payments related to the forecasted debt issuances. Pay fixed rate/receive variable rate forward starting interest rate swaps are accounted for as cash-flow hedges. The notional amount of outstanding forward starting interest rate swaps totaled $250 at April 28, 2013 and $600 at July 29, 2012. Forward starting interest rate swaps with a notional value of $400 were settled in August 2012, at a loss of $2, which was recorded in other comprehensive income (loss). The loss on the forward starting interest rate swaps will be amortized over the life of the 10-year debt issued in August 2012.

Commodity Price Risk

The company principally uses a combination of purchase orders and various short- and long-term supply arrangements in connection with the purchase of raw materials, including certain commodities and agricultural products. The company also enters into commodity futures, options and swap contracts to reduce the volatility of price fluctuations of diesel fuel, soybean oil, aluminum, wheat, natural gas and cocoa, which impact the cost of raw materials. Commodity futures, options, and swap contracts are either accounted for as cash-flow hedges or are not designated as accounting hedges. The company hedges a portion of commodity requirements for periods typically up to 18 months. There were no commodity contracts accounted for as cash-flow hedges as of April 28, 2013 or July 29, 2012. The notional amount of commodity contracts not designated as accounting hedges was $116 at April 28, 2013 and $95 at July 29, 2012.

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Equity Price Risk

The company enters into swap contracts which hedge a portion of exposures relating to certain deferred compensation obligations linked to the total return of the company’s capital stock, the total return of the Vanguard Institutional Index, and the total return of the Vanguard Total International Stock Index. Under these contracts, the company pays variable interest rates and receives from the counterparty either the total return on company capital stock; the total return of the Standard & Poor's 500 Index, which is expected to approximate the total return of the Vanguard Institutional Index; or the total return of the iShares MSCI EAFE Index, which is expected to approximate the total return of the Vanguard Total International Stock Index. These contracts were not designated as hedges for accounting purposes and are entered into for periods typically not exceeding 12 months. The notional amounts of the contracts as of April 28, 2013 and July 29, 2012 were $50 and $75, respectively.

The following table summarizes the fair value of derivative instruments recorded in the Consolidated Balance Sheets as of April 28, 2013, and July 29, 2012:

	Balance Sheet Classification	April 28, 2013		July 29, 2012
Asset Derivatives
Derivatives designated as hedges:
Foreign exchange forward contracts	Other current assets	$	—	$	1
Forward starting interest rate swaps	Other current assets	—		1
Interest rate swaps	Other current assets	4		4
Forward starting interest rate swaps	Other assets	3		1
Interest rate swaps	Other assets	—		9
Total derivatives designated as hedges		$	7	$	16
Derivatives not designated as hedges:
Commodity derivative contracts	Other current assets	$	3	$	8
Cross-currency swap contracts	Other current assets	4		19
Deferred compensation derivative contracts	Other current assets	1		1
Foreign exchange forward contracts	Other current assets	—		1
Total derivatives not designated as hedges		8		29
Total asset derivatives		$	15	$	45

	Balance Sheet Classification	April 28, 2013		July 29, 2012
Liability Derivatives
Derivatives designated as hedges:
Cross-currency swap contracts	Accrued liabilities	$	23	$	—
Foreign exchange forward contracts	Accrued liabilities	1		—
Cross-currency swap contracts	Other liabilities	—		25
Total derivatives designated as hedges		$	24	$	25
Derivatives not designated as hedges:
Commodity derivative contracts	Accrued liabilities	$	6	$	4
Cross-currency swap contracts	Accrued liabilities	48		25
Cross-currency swap contracts	Other liabilities	1		29
Total derivatives not designated as hedges		$	55	$	58
Total liability derivatives		$	79	$	83

19

The following tables show the effect of the company’s derivative instruments designated as cash-flow hedges for the three- and nine-month periods ended April 28, 2013 and April 29, 2012, in other comprehensive income (loss) (OCI) and the Consolidated Statements of Earnings:

Derivatives Designated as Cash-Flow Hedges

		Total Cash-Flow Hedge OCI Activity
Three Months Ended April 28, 2013, and April 29, 2012		2013			2012
OCI derivative gain (loss) at beginning of quarter		$	(11	)	$	(19	)
Effective portion of changes in fair value recognized in OCI:
Foreign exchange forward contracts		—			2
Forward starting interest rate swaps		(6		)	—
Cross-currency swap contracts		1			1
Amount of (gain) loss reclassified from OCI to earnings:	Location in Earnings
Foreign exchange forward contracts	Cost of products sold	(1		)	(6		)
Forward starting interest rate swaps	Interest expense	1			—
OCI derivative gain (loss) at end of quarter		$	(16	)	$	(22	)

		Total Cash-Flow Hedge OCI Activity
Nine Months Ended April 28, 2013, and April 29, 2012		2013			2012
OCI derivative gain (loss) at beginning of year		$	(16	)	$	(31	)
Effective portion of changes in fair value recognized in OCI:
Foreign exchange forward contracts		(1		)	7
Cross-currency swap contracts		1			—
Forward starting interest rate swaps		(1		)	—
Amount of (gain) loss reclassified from OCI to earnings:	Location in Earnings
Foreign exchange forward contracts	Cost of products sold	(2		)	—
Forward starting interest rate swaps	Interest expense	3			2
OCI derivative gain (loss) at end of quarter		$	(16	)	$	(22	)

Based on current valuations, the amount expected to be reclassified from OCI into earnings within the next 12 months is a loss of $3. The ineffective portion and amount excluded from effectiveness testing were not material.

The following tables show the effect of the company’s derivative instruments designated as fair-value hedges in the Consolidated Statements of Earnings:

		Amount of Gain (Loss) Recognized in Earnings on Derivatives						Amount of Gain (Loss) Recognized in Earnings on Hedged Item
Derivatives Designated as Fair-Value Hedges	Location of Gain (Loss) Recognized in Earnings	April 28, 2013			April 29, 2012			April 28, 2013		April 29, 2012
Three Months Ended
Interest rate swaps	Interest expense	$	(2	)	$	(5	)	$	2	$	5
Nine Months Ended
Interest rate swaps	Interest expense	$	(9	)	$	(15	)	$	9	$	15

20

The following table shows the effects of the company’s derivative instruments not designated as hedges in the Consolidated Statements of Earnings:

		Amount of Gain (Loss) Recognized in Earnings on Derivatives
		Three Months Ended					Nine Months Ended
Derivatives not Designated as Hedges	Location of Gain (Loss) Recognized in Earnings	April 28, 2013		April 29, 2012			April 28, 2013			April 29, 2012
Foreign exchange forward contracts	Cost of products sold	$	—	$	(4	)	$	(1	)	$	—
Foreign exchange forward contracts	Other expenses/income	1		—			1			1
Cross-currency swap contracts	Other expenses/income	15		1			(3		)	40
Commodity derivative contracts	Cost of products sold	5		1			4			(6		)
Deferred compensation derivative contracts	Administrative expenses	9		4			15			3
Total		$	30	$	2		$	16		$	38

13. Fair Value Measurements

The company is required to categorize financial assets and liabilities based on the following fair value hierarchy:

• Level 1: Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets.

• Level 2: Inputs other than quoted prices included in Level 1 that are observable for the asset or liability through corroboration with observable market data.

• Level 3: Unobservable inputs that reflect the reporting entity’s own assumptions.

Fair value is defined as the exit price, or the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants as of the measurement date. When available, the company uses unadjusted quoted market prices to measure the fair value and classifies such items as Level 1. If quoted market prices are not available, the company bases fair value upon internally developed models that use current market-based or independently sourced market parameters such as interest rates and currency rates. Included in the fair value of derivative instruments is an adjustment for credit and nonperformance risk.

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Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following table presents the company’s financial assets and liabilities that are measured at fair value on a recurring basis as of April 28, 2013, and July 29, 2012, consistent with the fair value hierarchy:

	Fair Value as of April 28, 2013		Fair Value Measurements at April 28, 2013 Using Fair Value Hierarchy						Fair Value as of July 29, 2012		Fair Value Measurements at July 29, 2012 Using Fair Value Hierarchy
			Level 1		Level 2		Level 3				Level 1		Level 2		Level 3
Assets
Interest rate swaps(1)	$	4	$	—	$	4	$	—	$	13	$	—	$	13	$	—
Forward starting interest rate swaps(1)	3		—		3		—		2		—		2		—
Foreign exchange forward contracts(2)	—		—		—		—		2		—		2		—
Cross-currency swap contracts(3)	4		—		4		—		19		—		19		—
Commodity derivative contracts(4)	3		2		1		—		8		5		3		—
Deferred compensation derivative contracts(5)	1		—		1		—		1		—		1		—
Total assets at fair value	$	15	$	2	$	13	$	—	$	45	$	5	$	40	$	—

	Fair Value as of April 28, 2013		Fair Value Measurements at April 28, 2013 Using Fair Value Hierarchy						Fair Value as of July 29, 2012		Fair Value Measurements at July 29, 2012 Using Fair Value Hierarchy
			Level 1		Level 2		Level 3				Level 1		Level 2		Level 3
Liabilities
Foreign exchange forward contracts(2)	$	1	$	—	$	1	$	—	$	—	$	—	$	—	$	—
Cross-currency swap contracts(3)	72		—		72		—		79		—		79		—
Commodity derivative contracts(4)	6		4		2		—		4		2		2		—
Deferred compensation obligation(6)	119		119		—		—		109		109		—		—
Total liabilities at fair value	$	198	$	123	$	75	$	—	$	192	$	111	$	81	$	—

___________________________________

(1) Based on LIBOR swap rates.

(2) Based on observable market transactions of spot currency rates and forward rates.

(3) Based on observable local benchmarks for currency and interest rates.

(4) Based on quoted futures exchanges and on observable prices of futures and options transactions in the marketplace.

(5) Based on LIBOR and equity index swap rates.

(6) Based on the fair value of the participants’ investments.

22

Fair Value of Financial Instruments

The carrying value of cash and cash equivalents, accounts receivable, accounts payable and short-term borrowings, excluding the current portion of long-term debt, approximate fair value. Cash equivalents of $225 at April 28, 2013 and $80 at July 29, 2012 represent fair value as these highly liquid investments have an original maturity of three months or less. Fair value of cash equivalents is based on Level 2 inputs. The fair value of long-term debt, including the current portion of long-term debt in Short-term borrowings, was $3,453 at April 28, 2013 and $2,663 at July 29, 2012. The carrying value was $3,250 at April 28, 2013 and $2,408 at July 29, 2012. The fair value of long-term debt is principally estimated using Level 2 inputs based on quoted market prices or pricing models using current market rates.

14. Share Repurchases

In December 2012, 219 million shares held as treasury stock were retired and returned to unissued status.

In June 2011, the Board authorized the purchase of up to $1,000 of company stock. This program has no expiration date. The company suspended purchases under this program in July 2012. Approximately $750 remained available under this program as of April 28, 2013. The company also repurchases shares to offset the impact of dilution from shares issued under the company’s stock compensation plans. During the nine-month period ended April 28, 2013, the company repurchased approximately 4 million shares at a cost of $139.

During the nine-month period ended April 29, 2012, the company repurchased 8 million shares at a cost of $272. Of this amount, $181 was used to repurchase shares pursuant to the company’s June 2011 publicly announced share repurchase program.

15. Stock-based Compensation

The company provides compensation benefits by issuing unrestricted stock, restricted stock and restricted stock units (including time-lapse restricted stock units, EPS performance restricted stock units, total shareowner return (TSR) performance restricted stock units and strategic performance restricted stock units). In 2013, the company issued time-lapse restricted stock units, EPS performance restricted stock units, TSR performance restricted stock units and strategic performance restricted stock units. The company did not issue TSR performance restricted stock units in 2012. In previous years, the company also issued stock options and stock appreciation rights.

Total pre-tax stock-based compensation expense recognized in the Consolidated Statements of Earnings was $31 and $17 for the three-month periods ended April 28, 2013, and April 29, 2012, respectively. Tax-related benefits of $12 and $6 were also recognized for the three-month periods ended April 28, 2013, and April 29, 2012, respectively. Total pre-tax stock-based compensation expense recognized in the Consolidated Statements of Earnings was $82 and $62 for the nine-month periods ended April 28, 2013, and April 29, 2012, respectively. Tax-related benefits of $31 and $23 were also recognized for the nine-month periods ended April 28, 2013, and April 29, 2012, respectively. Cash received from the exercise of stock options was $78 and $94 for the nine-month periods ended April 28, 2013, and April 29, 2012, respectively, and is reflected in cash flows from financing activities in the Consolidated Statements of Cash Flows.

The following table summarizes stock option activity as of April 28, 2013:

	Options		Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Life	Aggregate Intrinsic Value
	(Options in thousands)				(In years)
Outstanding at July 29, 2012	4,254		$	26.73
Granted	—		$	—
Exercised	(2,948	)	$	26.54
Terminated	(7	)	$	26.36
Outstanding at April 28, 2013	1,299		$	27.16	1.4	$	25
Exercisable at April 28, 2013	1,299		$	27.16	1.4	$	25

The total intrinsic value of options exercised during the nine-month periods ended April 28, 2013, and April 29, 2012, was $32 and $24, respectively. As of January 2009, compensation related to stock options was fully expensed. The company measured the fair value of stock options using the Black-Scholes option pricing model.

23

The following table summarizes time-lapse restricted stock units, EPS performance restricted stock units and strategic performance restricted stock units as of April 28, 2013:

	Units		Weighted- Average Grant-Date Fair Value
	(Restricted stock units in thousands)
Nonvested at July 29, 2012	3,951		$	33.19
Granted	1,927		$	35.13
Vested	(1,128	)	$	33.44
Forfeited	(171	)	$	33.52
Nonvested at April 28, 2013	4,579		$	33.95

The fair value of time-lapse restricted stock units, EPS performance restricted stock units, and strategic performance restricted stock units is determined based on the quoted price of the company’s stock at the date of grant. Time-lapse restricted stock units are expensed on a straight-line basis over the vesting period, except for awards issued to retirement-eligible participants, which are expensed on an accelerated basis. EPS performance restricted stock units are expensed on a graded-vesting basis, except for awards issued to retirement-eligible participants, which are expensed on an accelerated basis. There were approximately 269 thousand EPS performance target grants outstanding at April 28, 2013 with a weighted-average grant-date fair value of $34.29. Strategic performance restricted stock units are expensed on a straight-line basis over the service period. Awards of the strategic performance restricted stock units will be earned based upon the achievement of two key metrics, net sales and EPS growth, compared to strategic plan objectives during a two-year period. There were approximately 1.8 million strategic performance target grants outstanding at April 28, 2013 with a weighted-average grant-date fair value of $33.22. The actual number of EPS performance restricted stock units and strategic performance restricted stock units issued at the vesting date could range from 0% to 100% and 0% to 200%, respectively, of the initial grant, depending on actual performance achieved. Expense is estimated based on the number of awards expected to vest.

On July 1, 2011, the company issued approximately 400 thousand special retention time-lapse restricted stock units to certain executives to support successful execution of the company’s shift in strategic direction and leadership transition. These awards vest over a period of two years and are included in the table above. The grant-date fair value was $34.65.

As of April 28, 2013, total remaining unearned compensation related to nonvested time-lapse restricted stock units, EPS performance restricted stock units and strategic performance restricted stock units was $63, which will be amortized over the weighted-average remaining service period of 1.5 years. The fair value of restricted stock units vested during the nine-month periods ended April 28, 2013, and April 29, 2012, was $39 and $37, respectively. The weighted-average grant-date fair value of the restricted stock units granted during nine-month period ended April 29, 2012 was $32.38.

The following table summarizes TSR performance restricted stock units as of April 28, 2013:

	Units		Weighted- Average Grant-Date Fair Value
	(Restricted stock units in thousands)
Nonvested at July 29, 2012	2,143		$	37.94
Granted	582		$	39.76
Vested	—		$	—
Forfeited	(1,247	)	$	34.14
Nonvested at April 28, 2013	1,478		$	41.86

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The company estimated the fair value of TSR performance restricted stock units at the grant date using a Monte Carlo simulation. Assumptions used in the Monte Carlo simulation were as follows:

	2013
Risk-free interest rate	0.30%
Expected dividend yield	3.26%
Expected volatility	15.07%
Expected term	3 years

Compensation expense is recognized on a straight-line basis over the service period. As of April 28, 2013, total remaining unearned compensation related to TSR performance restricted stock units was $22, which will be amortized over the weighted-average remaining service period of 1.9 years. In the first quarter of 2013, recipients of TSR performance restricted stock units earned 0% of the initial grants based upon the company’s TSR ranking in a performance peer group during a three-year period ended July 27, 2012. There were no TSR performance restricted stock units granted during 2012.

The excess tax benefits on the exercise of stock options and vested restricted stock presented as cash flows from financing activities for the nine-month periods ended April 28, 2013 and April 29, 2012 were $9 and $6, respectively.

16. Inventories

	April 28, 2013		July 29, 2012
Raw materials, containers and supplies	$	359	$	277
Finished products	529		437
Total inventories	$	888	$	714

17. Supplemental Cash Flow Information

Other cash used in operating activities for the nine-month periods was comprised of the following:

	April 28, 2013			April 29, 2012
Benefit related payments	$	(42	)	$	(75	)
Other	(2		)	(4		)
	$	(44	)	$	(79	)

18. Subsequent Event

On May 23, 2013, the company announced it had entered into an agreement to acquire Plum Inc., a leading provider of premium, organic foods and snacks that serve the nutritional needs of babies, toddlers and children.  The company plans to fund the acquisition through issuance of commercial paper.  The acquisition is subject to regulatory approvals and customary closing conditions, and the closing is expected to occur in 2013.

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Item 2.

CAMPBELL SOUP COMPANY

MANAGEMENT’S DISCUSSION AND ANALYSIS OF

FINANCIAL CONDITION AND RESULTS OF OPERATIONS

OVERVIEW

Description of the Company

Campbell Soup Company is a manufacturer and marketer of high-quality, branded convenience food products.

On August 6, 2012, the company completed the acquisition of BF Bolthouse Holdco LLC (Bolthouse Farms) from a fund managed by Madison Dearborn Partners, LLC, a private equity firm, for $1.550 billion in cash, subject to customary purchase price adjustments. On August 6, 2012, the preliminary purchase price adjustments resulted in an increase in the purchase price of $20 million. In the third quarter, the purchase price adjustments were finalized and reduced to $11 million. The company funded the acquisition through a combination of short- and long-term borrowings. See Notes 3 and 11 to the Consolidated Financial Statements for more information on the acquisition.

The company reports the results of operations in the following reportable segments: U.S. Simple Meals; Global Baking and Snacking; International Simple Meals and Beverages; U.S. Beverages; and Bolthouse and Foodservice.

Executive Summary

This Executive Summary provides significant highlights from the discussion and analysis that follows.

• Net sales increased15% in the quarter to $2.094 billion. The acquisition of Bolthouse Farms contributed 11 points of the growth. Sales in U.S. Simple Meals increased 11%.

• Gross profit, as a percent of sales, decreased to 35.7% in the current quarter from 38.8% a year ago. The decline was primarily attributable to the acquisition of Bolthouse Farms and the impact of restructuring-related costs recognized in the current quarter.

• Net earnings per share for the quarter were $.57, compared to $.55 a year ago. The current-year quarter included $.04 per share of expense from restructuring charges and related costs, as discussed below. The prior-year quarter included $.01 per share of expense from restructuring charges.

Net earnings attributable to Campbell Soup Company

The following items impacted the comparability of net earnings and net earnings per share:

• In the first quarter of 2013, the company announced several initiatives to improve its U.S. supply chain cost structure and increase asset utilization across its U.S. thermal plant network. In the third quarter of 2013, the company recorded restructuring-related costs of $20 million in Cost of products sold related to these initiatives. In the nine-month period ended April 28, 2013, the company recorded a pre-tax restructuring charge of $24 million and restructuring-related costs of $81 million in Cost of products sold.

In February 2013, the company announced that it has entered into commercial arrangements with third-party providers that will expand the company's access to manufacturing and distribution capabilities in Mexico. The third-party providers will produce and distribute the company's beverages, soups, broths and sauces throughout the Mexican market. As a result of these arrangements, the company will close its plant in Villagrán, Mexico. In the third quarter of 2013, the company recorded pre-tax restructuring charges of $1 million related to this initiative. Year-to-date, the company recorded pre-tax restructuring charges of $7 million related to this initiative.

The aggregate impact of the restructuring initiatives in the third quarter of 2013 was pre-tax restructuring charges of $1 million and restructuring-related costs of $20 million in Cost of products sold (aggregate impact of $14 million after tax or $.04 per share). The aggregate impact of the restructuring initiatives in the year-to-date period of 2013 was pre-tax restructuring charges of $31 million and restructuring-related costs of $81 million in Cost of products sold (aggregate impact of $71 million after tax or $.22 per share).

• In the first quarter of 2013, the company incurred transaction costs of $10 million ($7 million after tax or $.02 per share) associated with the acquisition of Bolthouse Farms.

• In 2011, the company announced a series of initiatives to improve supply chain efficiency and reduce overhead costs across the organization to help fund plans to drive growth of the business. The company also announced its intent to close its office in Moscow and exit the Russian market. In the third quarter of 2012, the company recorded pre-tax restructuring charges of $4 million ($3 million after tax or $.01 per share) related to the initiatives. The year-to-date 2012 impact was $9 million ($6 million after tax or $.02 per share).

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The items impacting comparability are summarized below:

	Three Months Ended
	April 28, 2013						April 29, 2012
	Earnings Impact			EPS Impact			Earnings Impact			EPS Impact
	(Millions, except per share amounts)
Net earnings	$	181		$	.57		$	177		$	0.55
Restructuring charges and related costs	$	(14	)	$	(.04	)	$	(3	)	$	(.01	)

	Nine Months Ended
	April 28, 2013						April 29, 2012
	Earnings Impact			EPS Impact			Earnings Impact			EPS Impact
	(Millions, except per share amounts)
Net earnings	$	616		$	1.94		$	647		$	2.01
Restructuring charges and related costs	$	(71	)	$	(.22	)	$	(6	)	$	(.02	)
Acquisition transaction costs	(7		)	(.02		)	—			—
Impact of items on net earnings*	$	(78	)	$	(.25	)	$	(6	)	$	(.02	)

_______________________________________

* The sum of the individual per share amounts does not add due to rounding.

Net earnings were $181 million in the quarter ended April 28, 2013, compared to $177 million in the year-ago quarter. After adjusting for restructuring charges and related costs, net earnings increased primarily due to sales growth, and the impact of the acquisition of Bolthouse Farms, partially offset by higher administrative expenses, selling expenses and a lower gross margin percentage.

Net earnings were $616 million in the nine months ended April 28, 2013, compared to $647 million in the year-ago period. After adjusting for restructuring charges and related costs and acquisition transaction costs, net earnings increased primarily due to sales growth, lower marketing expenses, the impact of the acquisition of Bolthouse Farms and a lower effective tax rate, partially offset by higher administrative expenses, higher selling expenses and a lower gross margin percentage. Earnings per share benefited from a reduction in the weighted average diluted shares outstanding, reflecting the impact of the company’s strategic share repurchase program in 2012.

Net earnings (loss) attributable to noncontrolling interests

The company owns a 60% controlling interest in a joint venture formed with Swire Pacific Limited to support the development of the company’s business in China. The joint venture began operations on January 31, 2011. The noncontrolling interest’s share in the net loss was included in Net earnings (loss) attributable to noncontrolling interests in the Consolidated Statements of Earnings.

The company also owns a 70% controlling interest in a Malaysian food products manufacturing company. The earnings were not material in 2013 or 2012.

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THIRD-QUARTER DISCUSSION AND ANALYSIS

Sales

An analysis of net sales by reportable segment follows:

	2013		2012		% Change
	(Millions)
U.S. Simple Meals	$	627	$	567	11%
Global Baking and Snacking	568		543		5
International Simple Meals and Beverages	357		349		2
U.S. Beverages	198		208		(5)
Bolthouse and Foodservice	344		154		123
	$	2,094	$	1,821	15%

An analysis of percent change of net sales by reportable segment follows:

	U.S. Simple Meals	Global Baking and Snacking	International Simple Meals and Beverages	U.S. Beverages	Bolthouse and Foodservice	Total
Volume and Mix	11%	5%	4%	(1)%	(7)%	5%
Price and Sales Allowances	2	1	1	(2)	—	1
Increased Promotional Spending (1)	(2)	—	(2)	(2)	(3)	(2)
Currency	—	(1)	(1)	—	—	—
Acquisition	—	—	—	—	133	11
	11%	5%	2%	(5)%	123%	15%

__________________________________________

(1) Represents revenue reductions from trade promotion and consumer coupon redemption programs.

In U.S. Simple Meals, sales increased11%. U.S. Soup sales increased 14% compared to the year-ago quarter, which is a significant improvement in the performance of this business. In the quarter, the sales performance benefited from improved execution, the favorable impact of weather and an increase in customer inventory levels. Further details of U.S. Soup include:

• Sales of Campbell’s condensed soups increased 11%, driven by double-digit volume gains in eating varieties, which benefited from increased promotional activity and price realization. Sales of cooking varieties increased slightly.

• Sales of ready-to-serve soups increased 18%, primarily driven by significant volume gains in Campbell'sChunky canned soups and the benefit of new items including Campbell's Go Soups. New varieties, increased promotional activity and a return to NFL-themed advertising contributed to the improved performance of Campbell'sChunky canned soups.

• Broth sales increased 18%, benefiting from higher levels of promotional activity, which drove double-digit volume gains in aseptic broth.

U.S. Sauces sales increased 3% as gains in Prego pasta sauces and Pace Mexican sauces were partially offset by lower sales in Campbell's canned pasta. Sales benefited from the introduction of Campbell's Skillet Sauces.

In Global Baking and Snacking, sales increased5%. Pepperidge Farm sales increased primarily due to volume gains. Within Pepperidge Farm, sales of cookies and crackers increased due to strong gains in both Goldfish snack crackers and Pepperidge Farm cookies. In addition, sales of Pepperidge Farm fresh bakery products increased double-digits driven by volume gains due to improved marketplace performance and increased shelf space at retail outlets resulting from the bankruptcy of a competitor. Sales of Pepperidge Farm frozen products declined. In Arnott's, sales increased due to growth in Australia and gains in Indonesia, partially offset by the impact of currency. Sales growth in Australia was due to increases in savory crackers and sweet cookie varieties.

In International Simple Meals and Beverages, sales increased2%. In Europe, sales increased primarily driven by volume gains in Germany, France and Belgium, partially offset by lower export sales. Sales in Latin America increased. Although currency had a negative impact, sales in the Asia Pacific region increased. Excluding the impact of currency, sales in the Asia Pacific region increased primarily due to growth in Malaysia, Hong Kong and Japan, partially offset by sales declines in Australia. In Canada,

28

sales decreased primarily due to declines in soup and beverages, and the impact of currency, partially offset by gains in Pepperidge Farm crackers. Promotional spending was increased within the segment to remain competitive.

In U.S. Beverages, sales decreased5% due to volume declines in V8 vegetable juice.

In Bolthouse and Foodservice, the acquisition of Bolthouse Farms contributed $205 million to sales. North America Foodservice sales declined 10% primarily due to declines in frozen soup sales, reflecting the loss of a major restaurant customer, and higher levels of trade spending to remain competitive.

Gross Profit

Gross profit, defined as Net sales less Cost of products sold, increased by $42 million in 2013. As a percent of sales, gross profit decreased from 38.8% in 2012 to 35.7% in 2013. The 3.1-percentage-point decrease in gross margin percentage in 2013 was due to the following factors:

	Margin Impact
Cost inflation and other factors	(2.3)%
Impact of the Bolthouse Farms acquisition	(1.7)
Restructuring-related costs	(1.0)
Higher level of promotional spending	(0.8)
Productivity improvements	1.6
Higher selling prices	0.6
Mix	0.5
	(3.1)%

Marketing and Selling Expenses

Marketing and selling expenses as a percent of sales were 12.5% in 2013 and 14.1% in 2012. Marketing and selling expenses were $262 million in 2013, compared to $256 million in 2012, an increase of 2%. The increase was primarily driven by the impact of the Bolthouse Farms acquisition (approximately 2 percentage points), higher spending to support innovation efforts (approximately 2 percentage points), and higher selling expenses and other marketing expenses (approximately 1 percentage point), partially offset by lower advertising and consumer promotion expenses (approximately 3 percentage points). Advertising and consumer promotion expenses declined 7%, primarily due to declines in U.S. Soup, while spending was increased at Pepperidge Farm and to support the company's new product introductions.

Administrative Expenses

Administrative expenses as a percent of sales were 8.2% in 2013 and 7.9% in 2012. Administrative expenses increased by 19% in 2013 from 2012, primarily due to the impact of the Bolthouse Farms acquisition (approximately 10 percentage points) and higher incentive compensation costs (approximately 9 percentage points).

Operating Earnings

Segment operating earnings increased12% in 2013 from 2012.

An analysis of operating earnings by segment follows:

	2013			2012			% Change
	(Millions)
U.S. Simple Meals	$	156		$	120		30%
Global Baking and Snacking	73			73			—
International Simple Meals and Beverages	40			37			8
U.S. Beverages	33			45			(27)
Bolthouse and Foodservice	27			20			35
	329			295			12%
Unallocated corporate expenses	(56		)	(27		)
Restructuring charges(1)	(1		)	(4		)
Earnings before interest and taxes	$	272		$	264

__________________________________________

(1) See Note 7 to the Consolidated Financial Statements for additional information on restructuring charges.

29

Earnings from U.S. Simple Meals increased30%. The increase was due to higher volumes, increased selling prices and productivity improvements, partly offset by increased promotional spending. The increase in operating earnings reflected strong earnings gains in U.S. Soup, partly offset by a decline in U.S. Sauces.

Earnings from Global Baking and Snacking were comparable to the prior-year quarter. Higher sales were offset by increased marketing expenses and administrative costs.

Earnings from International Simple Meals and Beverages increased8%. The increase was primarily due to higher earnings in Europe.

Earnings from U.S. Beverages decreased27%, primarily due to lower volume of 100% juice varieties, cost inflation, and increased promotional spending, partly offset by productivity improvements.

Earnings from Bolthouse and Foodservice increased $7 million to $27 million due to the acquisition of Bolthouse Farms, which contributed $17 million, partially offset by lower earnings in North America Foodservice resulting from the decline in sales.

Unallocated corporate expenses in 2013 included restructuring-related costs of $20 million. The remaining increase was primarily due to higher incentive compensation costs.

Interest Expense

Interest expense increased to $33 million in 2013 from $29 million in 2012, reflecting a higher debt level due to the Bolthouse Farms acquisition, partially offset by lower interest rates.

Taxes on Earnings

The effective tax rate was 25.7% for the current quarter compared to 26.2% in the year-ago quarter. The effective tax rate in both years benefited from lower taxes on foreign earnings. In 2013, the company recognized a tax benefit of $7 million on $21 million of restructuring charges and related costs.

NINE-MONTH DISCUSSION AND ANALYSIS

Sales

An analysis of net sales by reportable segment follows:

	2013		2012		% Change
	(Millions)
U.S. Simple Meals	$	2,356	$	2,265	4%
Global Baking and Snacking	1,703		1,637		4
International Simple Meals and Beverages	1,116		1,110		1
U.S. Beverages	569		593		(4)
Bolthouse and Foodservice	1,019		489		108
	$	6,763	$	6,094	11%

An analysis of percent change of net sales by reportable segment follows:

	U.S. Simple Meals	Global Baking and Snacking	International Simple Meals and Beverages	U.S. Beverages	Bolthouse and Foodservice	Total
Volume and Mix	2%	4%	2%	(3)%	(6)%	2%
Price and Sales Allowances	2	1	2	—	—	1
Increased Promotional Spending (1)	—	(1)	(2)	(1)	(3)	(1)
Currency	—	—	(1)	—	—	—
Acquisition	—	—	—	—	117	9
	4%	4%	1%	(4)%	108%	11%

__________________________________________

(1) Represents revenue reductions from trade promotion and consumer coupon redemption programs.

30

In U.S. Simple Meals, sales increased4%, reflecting increases in U.S. Soup and U.S. Sauces. U.S. Soup sales increased 5% . The sales performance benefited from improved execution and the favorable impact of weather. Further details of U.S. Soup include:

• Sales of Campbell’s condensed soups increased 2% with gains in eating varieties and cooking varieties.

• Sales of ready-to-serve soups increased 9%. Volume-driven gains in Campbell'sChunky canned soups and the benefit of new items were partially offset by declines in microwavable soups.New varieties, increased promotional spending and a return to NFL-themed advertising contributed to the improved performance of Campbell'sChunky canned soups.

• Broth sales increased 3%, primarily driven by double-digit gains in aseptically packaged broth, partially offset by lower sales of canned products and Swanson Flavor Boost concentrated broth, which was introduced in 2012.

U.S. Sauces sales increased 2% primarily due to growth in Prego pasta sauces, the launch of Campbell's Skillet Sauces, and growth in Pace Mexican sauces, partially offset by lower sales of other simple meal products.

In Global Baking and Snacking, sales increased4% with gains in both Pepperidge Farm and Arnott's. Pepperidge Farm sales increased primarily due to growth in Goldfish snack crackers, fresh bakery products and cookies. Sales of fresh bakery products benefited from improved marketplace performance and increased shelf space at retail outlets resulting from the bankruptcy of a competitor. In Arnott’s, sales increased primarily due to gains in Indonesia and Australia, driven across all categories: savory crackers, sweet varieties and chocolate cookies. To capitalize on the opportunity to increase shelf space in the U.S. bread category and to remain competitive in the Australian marketplace, promotional spending was increased.

In International Simple Meals and Beverages, sales increased1% due to growth in Latin America, the Asia Pacific region, and Canada (due to currency), partially offset by sales decreases in Europe. In the Asia Pacific region, sales increases across the region were partially offset by declines in Australia. In Europe, sales declined primarily due to the impact of currency. Excluding currency, sales gains in France were partially offset by declines in export sales. Promotional spending was increased, primarily to support the soup business in Canada, in response to more intense price competition in the marketplace.

In U.S. Beverages, sales decreased4% due to declines in sales of V8 vegetable juice and V8 V-Fusion beverages, partially offset by an increase in V8 Splash beverages. Promotional spending was increased, primarily on V8 Splash, in response to more price-based competition in the value segment.

In Bolthouse and Foodservice, the acquisition of Bolthouse Farms contributed $571 million to sales. North America Foodservice sales declined 9% primarily due to declines in frozen soup products, reflecting the loss of a major restaurant customer, and higher levels of trade spending to remain competitive.

Gross Profit

Gross profit, defined as Net sales less Cost of products sold, increased by $61 million in 2013. As a percent of sales, gross profit decreased from 38.9% in 2012 to 36.0% in 2013. The 2.9-percentage-point decrease in gross margin percentage in 2013 was due to the following factors:

	Margin Impact
Cost inflation and other factors	(2.0)%
Impact of the Bolthouse Farms acquisition	(1.4)
Restructuring-related costs	(1.2)
Higher level of promotional spending	(0.7)
Productivity improvements	1.5
Higher selling prices	0.8
Mix	0.1
	(2.9)%

Marketing and Selling Expenses

Marketing and selling expenses as a percent of sales were 12.0% in 2013 and 13.4% in 2012. Marketing and selling expenses were $813 million in 2013, comparable to the prior year. Lower advertising and consumer promotion expenses, primarily in the U.S. Soup business (approximately 6 percentage points), were mostly offset by the impact of the Bolthouse Farms acquisition (approximately 2 percentage points), higher spending to support innovation efforts (approximately 2 percentage points), and by higher selling and other marketing expenses (approximately 2 percentage points).

31

Administrative Expenses

Administrative expenses as a percent of sales were 7.5% in 2013 and 7.2% in 2012. Administrative expenses increased by 15% in 2013 from 2012, primarily due to the impact of the Bolthouse Farms acquisition (approximately 10 percentage points) and higher incentive compensation and benefit costs, including pension expense (approximately 5 percentage points).

Other Expenses/(Income)

Other expenses in 2013 included $10 million of transaction costs and $10 million of amortization of intangible assets associated with the acquisition of Bolthouse Farms.

Operating Earnings

Segment operating earnings increased7% in 2013 from 2012.

An analysis of operating earnings by segment follows:

	2013			2012			% Change
	(Millions)
U.S. Simple Meals	$	621		$	554		12%
Global Baking and Snacking	232			232			—
International Simple Meals and Beverages	141			138			2
U.S. Beverages	100			109			(8)
Bolthouse and Foodservice	91			75			21
	1,185			1,108			7%
Unallocated corporate expenses	(196		)	(90		)
Restructuring charges(1)	(31		)	(9		)
Earnings before interest and taxes	$	958		$	1,009

__________________________________________

(1) See Note 7 to the Consolidated Financial Statements for additional information on restructuring charges.

Earnings from U.S. Simple Meals increased12%. Higher selling prices, productivity savings and lower marketing expenses were partly offset by cost inflation and increased promotional spending. The improvement in operating earnings was due to solid gains in U.S. Soup, partially offset by a decline in U.S. Sauces.

Earnings from Global Baking and Snacking were comparable to the prior year, reflecting growth in Pepperidge Farm and the favorable impact of currency, offset by lower earnings in Arnott's.

Earnings from International Simple Meals and Beverages increased2%, reflecting gains in the Asia Pacific region and Latin America, partially offset by lower earnings in Europe and Canada.

Earnings from U.S. Beverages decreased8%, primarily due to volume declines on 100% juice varieties, cost inflation, and increased promotional spending, partially offset by productivity improvements and lower marketing expenses.

Earnings from Bolthouse and Foodservice increased due to the acquisition of Bolthouse Farms, which contributed $46 million, partially offset by lower earnings in North America Foodservice resulting from the decline in sales.

Unallocated corporate expenses in 2013 included restructuring-related costs of $81 million and transaction costs of $10 million associated with the acquisition of Bolthouse Farms. The remaining increase was primarily due to higher incentive compensation costs.

Interest Expense

Interest expense increased to $102 million in 2013 from $87 million in 2012, reflecting a higher debt level due to the Bolthouse Farms acquisition, partially offset by lower interest rates.

Taxes on Earnings

The effective tax rate was 29.4% in 2013 compared to 31.1% in the year-ago period. The current year included a tax benefit of $44 million on $122 million of restructuring charges and related costs and acquisition transaction costs. The reduced effective rate in 2013 reflects the resolution of certain tax matters and the benefit of recent changes in U.S. tax law.

32

Restructuring Charges

2013 Initiatives

In the second and third quarters of 2013, the company recorded restructuring charges of $7 million ($5 million after tax or $.02 per share) associated with commercial arrangements with third-party providers to expand the company's access to manufacturing and distribution capabilities in Mexico. The third-party providers will produce and distribute the company's beverages, soups, broths and sauces throughout the Mexican market. As a result of these agreements, the company will close its plant in Villagrán, Mexico, in 2014 and eliminate approximately 260 positions. The charge consisted of $3 million related to pension benefits (See Note 10), $1 million related to employee severance and benefit costs, and $3 million related to asset impairment. The company expects to incur an additional $1 million of accelerated depreciation and $1 million of other exit costs related to this initiative. Of the aggregate $9 million of pre-tax costs, the company expects approximately $4 million will be cash expenditures. These charges are associated with the International Simple Meals and Beverages segment. Segment operating results do not include restructuring charges as segment performance is evaluated excluding such charges.

In the first quarter of 2013, the company announced several initiatives to improve its U.S. supply chain cost structure and increase asset utilization across its U.S. thermal plant network. The company expects to eliminate approximately 727 positions in connection with the initiatives, which include the following:

• The company will close its thermal plant in Sacramento, California, which produces soups, sauces and beverages. The closure will result in the elimination of approximately 700 full-time positions and will be completed in phases, with plans to cease operations in July 2013. The company plans to shift the majority of Sacramento's soup, sauce and beverage production to its thermal plants in Maxton, North Carolina; Napoleon, Ohio; and Paris, Texas.

• The company will also close its spice plant in South Plainfield, New Jersey, which will result in the elimination of 27 positions. The company will consolidate spice production at its Milwaukee, Wisconsin, plant in 2013.

In the nine-month period ended April 28, 2013, the company recorded a restructuring charge of $24 million related to these initiatives. In addition, approximately $81 million of costs related to these initiatives were recorded in Cost of products sold, representing accelerated depreciation. The aggregate after-tax impact of restructuring charges and related costs was $66 million, or $.21 per share. A summary of the pre-tax costs and remaining costs associated with the U.S. supply chain initiatives is as follows:

(Millions)	Total Program		Recognized as of April 28, 2013			Remaining Costs to be Recognized
Severance pay and benefits	$	22	$	(22	)	$	—
Accelerated depreciation	86		(80		)	6
Other exit costs	12		(3		)	9
Total	$	120	$	(105	)	$	15

In the third quarter, the company increased the estimate of the total anticipated pre-tax costs to approximately $120 million from $115 million, primarily due to increases in expected asset charges related to property, plant and equipment, partially offset by lower severance pay and benefits, and other exit costs. Of the aggregate $120 million of pre-tax costs, the company expects approximately $32 million will be cash expenditures. In addition, the company expects to invest approximately $27 million in capital expenditures, primarily to relocate and refurbish a beverage filling and packaging line. The remaining cash outflows related to these programs are not expected to have a material adverse impact on the company’s liquidity.

The initiatives included in this program, once fully implemented, are expected to generate annual ongoing pre-tax cash savings of approximately $30 million beginning in 2016, with 2014 savings of approximately $21 million.

The total pre-tax costs of $120 million associated with segments are expected to be as follows: U.S. Simple Meals - $90 million; and U.S. Beverages - $30 million. Segment operating results do not include restructuring charges as segment performance is evaluated excluding such charges.

2011 Initiatives

In the fourth quarter of 2011, the company announced a series of initiatives to improve supply chain efficiency and reduce overhead costs across the organization to help fund plans to drive the growth of the business. The company also announced its intent to exit the Russian market. Details of the initiatives include:

• In Australia, the company is investing in a new system to automate packing operations at its biscuit plant in Virginia. This investment continued through the third quarter of 2013 and will result in the elimination of approximately 190 positions. This initiative is now expected to be substantially completed by December 2013. Further, the company improved asset utilization in the U.S. by shifting production of ready-to-serve soups from Paris, Texas, to other facilities in 2012.

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In addition, the manufacturing facility in Marshall, Michigan, was closed in 2011, and manufacturing of Campbell’s Soup at Hand microwavable products was consolidated at the Maxton, North Carolina, plant in 2012.

• The company streamlined its salaried workforce by approximately 510 positions around the world, including approximately 130 positions at its world headquarters in Camden, New Jersey. These actions were substantially completed in 2011. As part of this initiative, the company outsourced a larger portion of its U.S. retail merchandising activities to its current retail sales agent, Acosta Sales and Marketing, and eliminated approximately 190 positions.

• In connection with exiting the Russian market, the company eliminated approximately 50 positions. The exit process commenced in 2011 and was substantially completed in 2012.

In 2012, the company recorded a restructuring charge of $10 million ($6 million after tax or $.02 per share). Of the amount recorded in 2012, $9 million ($6 million after tax or $.02) was recorded through the end of the third quarter. In the fourth quarter of 2011, the company recorded a restructuring charge of $63 million ($41 million after tax or $.12 per share). A summary of the pre-tax charges and remaining costs associated with the initiatives is as follows:

(Millions)	Total Program		Recognized as of January 27, 2013			Remaining Costs to be Recognized
Severance pay and benefits	$	41	$	(41	)	$	—
Asset impairment/accelerated depreciation	23		(23		)	—
Other exit costs	10		(9		)	1
Total	$	74	$	(73	)	$	1

Of the aggregate $74 million of pre-tax costs, approximately $50 million represents cash expenditures, the majority of which was spent in 2012. In addition, the company expects to invest approximately $40 million in capital expenditures in connection with the actions, of which approximately $31 million has been invested as of April 28, 2013. The remaining cash outflows related to these programs are not expected to have a material adverse impact on the company’s liquidity.

The initiatives included in this program are expected to generate annual pre-tax cash savings of approximately $60 million beginning in 2012 and increasing to approximately $70 million in 2014.

The total pre-tax costs of $74 million associated with each segment are expected to be as follows: U.S. Simple Meals - $33 million; Global Baking and Snacking - $14 million; International Simple Meals and Beverages - $17 million; U.S. Beverages - $3 million; Bolthouse and Foodservice - $1 million; and Corporate - $6 million. Segment operating results do not include restructuring charges as segment performance is evaluated excluding such charges.

LIQUIDITY AND CAPITAL RESOURCES

The company expects that foreseeable liquidity and capital resource requirements, including cash outflows to repay debt, pay dividends and fund pension plan contributions, will be met through anticipated cash flows from operations; long-term borrowings under its shelf registration statement; short-term borrowings, including commercial paper; and cash and cash equivalents. The company believes that its sources of financing will be adequate to meet its future liquidity and capital resource requirements.

The company generated cash from operations of $864 million in 2013, compared to $838 million last year. The improvement was primarily due to higher cash earnings in 2013 and lower benefit plan payments, partially offset by higher working capital requirements.

Capital expenditures were $205 million in 2013 compared to $173 million a year ago. To date, capital expenditures in 2013 included the soup capacity expansion project for the North America Foodservice business (approximately $29 million), capacity expansion at Pepperidge Farm (approximately $22 million), the packing automation and capacity expansion projects at one of the company’s Australian biscuit plants (approximately $16 million), the ongoing initiative to simplify the soup-making process in North America (also known as the soup common platform initiative) (approximately $14 million), and an advanced planning system in North America (approximately $7 million). Capital expenditures are expected to total approximately $330 million in 2013.

On August 6, 2012, the company completed the acquisition of Bolthouse Farms from a fund managed by Madison Dearborn Partners, LLC, a private equity firm, for $1.550 billion in cash, subject to customary purchase price adjustments. On August 6, 2012, the preliminary purchase price adjustments resulted in an increase in the purchase price of $20 million. In the third quarter, the purchase price adjustments were finalized and reduced to $11 million. The acquisition was funded through a combination of short- and long-term borrowings. The terms of long-term borrowings, which were issued on August 2, 2012, were as follows:

• $400 million floating rate notes that mature on August 1, 2014. Interest on the notes is based on 3-month U.S. dollar LIBOR plus 0.3%. Interest is payable quarterly and commenced on November 1, 2012;

34

• $450 million of 2.50% notes that mature on August 2, 2022. Interest is payable semi-annually and commenced on February 2, 2013. The company may redeem the notes in whole or in part at any time at a redemption price of 100% of the principal amount plus accrued interest or an amount designed to ensure that the note holders are not penalized by the early redemption; and

• $400 million of 3.80% notes that mature on August 2, 2042. Interest is payable semi-annually and commenced on February 2, 2013. The company may redeem the notes in whole or in part at any time at a redemption price of 100% of the principal amount plus accrued interest or an amount designed to ensure that the note holders are not penalized by the early redemption.

The remaining balance was funded through the issuance of commercial paper.

Dividend payments were $366 million in the nine-month period ended April 28, 2013 and $281 million in the nine-month period ended April 29, 2012. The increase in dividend payments was due to the acceleration into December 2012 of dividend payments that would have otherwise occurred in May 2013.

The company repurchased approximately 4 million shares at a cost of $139 million during the nine-month period ended April 28, 2013 and approximately 8 million shares at a cost of $272 million during the nine-month period ended April 29, 2012. Approximately $181 million was used in the prior-year period to repurchase shares pursuant to the company's June 2011 publicly announced share repurchase program. Approximately $750 million remained available to repurchase shares under the company's June 2011 repurchase program as of April 28, 2013. This program has no expiration date. The company suspended purchases under this program in July 2012. In addition to the June 2011 publicly announced share repurchase program, the company also purchased shares to offset the impact of dilution from shares issued under the company’s stock compensation plans. The company expects to continue this practice in the future. See “Unregistered Sales of Equity Securities and Use of Proceeds” for more information.

At April 28, 2013, the company had $1.309 billion of short-term borrowings due within one year and $40 million of standby letters of credit issued on behalf of the company. The company has committed revolving credit facilities totaling $2.0 billion, comprised of a $500 million facility and a $1.5 billion facility, both maturing in September 2016. These facilities remained unused at April 28, 2013, except for $3 million of standby letters of credit issued on behalf of the company. These revolving credit agreements support the company’s commercial paper programs and other general corporate purposes.

In November 2011, the company filed a registration statement with the Securities and Exchange Commission that registered an indeterminate amount of debt securities. Under the registration statement, the company may issue debt securities, depending on market conditions.

The company is in compliance with the covenants contained in its revolving credit facilities and debt securities.

RECENT DEVELOPMENTS

On May 23, 2013, the company announced it had entered into an agreement to acquire Plum Inc., a leading provider of premium, organic foods and snacks that serve the nutritional needs of babies, toddlers and children.  The company plans to fund the acquisition through issuance of commercial paper.  The acquisition is subject to regulatory approvals and customary closing conditions, and the closing is expected to occur in 2013.

SIGNIFICANT ACCOUNTING ESTIMATES

The consolidated financial statements of the company are prepared in conformity with accounting principles generally accepted in the United States. The preparation of these financial statements requires the use of estimates, judgments and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and reported amounts of revenues and expenses during the periods presented. Actual results could differ from those estimates and assumptions. The significant accounting policies of the company are described in Note 1 to the Consolidated Financial Statements in the 2012 Annual Report on Form 10-K. The significant accounting estimates are described in Management’s Discussion and Analysis included in the 2012 Annual Report on Form 10-K. The impact of new accounting standards is discussed in Note 2 to the Consolidated Financial Statements. There have been no other changes in the company’s accounting policies in the current period that had a material impact on the company’s consolidated financial condition or results of operation.

RECENT ACCOUNTING PRONOUNCEMENTS

See Note 2 to the Consolidated Financial Statements for information on recent accounting pronouncements.

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FORWARD-LOOKING STATEMENTS

This quarterly report contains “forward-looking” statements that reflect the company’s current expectations regarding future results of operations, economic performance, financial condition and achievements of the company. The company tries, wherever possible, to identify these forward-looking statements by using words such as “anticipate,” “believe,” “estimate,” “expect,” “will” and similar expressions. One can also identify them by the fact that they do not relate strictly to historical or current facts. These statements reflect the company’s current plans and expectations and are based on information currently available to it. They rely on a number of assumptions regarding future events and estimates which could be inaccurate and which are inherently subject to risks and uncertainties.

The company wishes to caution the reader that the following important factors and those important factors described in other Securities and Exchange Commission filings of the company, or in the company’s 2012 Annual Report on Form 10-K, could affect the company’s actual results and could cause such results to vary materially from those expressed in any forward-looking statements made by, or on behalf of, the company:

• the impact of strong competitive response to the company’s efforts to leverage its brand power with product innovation, promotional programs and new advertising, and of changes in consumer demand for the company’s products;

• the risks in the marketplace associated with trade and consumer acceptance of product improvements, shelving initiatives, new products, and pricing and promotional strategies;

• the company’s ability to achieve sales and earnings guidance, which is based on assumptions about sales volume, product mix, the development and success of new products, the impact of marketing, promotional and pricing actions, product costs and currency;

• the company’s ability to realize projected cost savings and benefits, including restructuring initiatives;

• the company’s ability to successfully manage changes to its business processes, including selling, distribution, manufacturing and information management systems;

• the practices and increased significance of certain of the company’s key customers;

• the impact of inventory management practices by the company’s customers;

• the impact of fluctuations in the supply of and inflation in energy, raw and packaging materials cost;

• the impact associated with completing and integrating acquisitions, divestitures and other portfolio changes, including the Bolthouse Farms acquisition;

• the uncertainties of litigation described from time to time in the company’s Securities and Exchange Commission filings;

• the impact of changes in currency exchange rates, tax rates, interest rates, debt and equity markets, inflation rates, economic conditions and other external factors; and

• the impact of unforeseen business disruptions in one or more of the company’s markets due to political instability, civil disobedience, armed hostilities, natural disasters or other calamities.

This discussion of uncertainties is by no means exhaustive but is designed to highlight important factors that may impact the company’s outlook. The company disclaims any obligation or intent to update forward-looking statements made by the company in order to reflect new information, events or circumstances after the date they are made.

Item 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

For information regarding the company’s exposure to certain market risk, see Item 7A, Quantitative and Qualitative Disclosures About Market Risk, in the 2012 Annual Report on Form 10-K. There have been no significant changes in the company’s portfolio of financial instruments or market risk exposures from the 2012 year-end.

Item 4. CONTROLS AND PROCEDURES

a. Evaluation of Disclosure Controls and Procedures

The company, under the supervision and with the participation of its management, including the President and Chief Executive Officer and the Senior Vice President — Chief Financial Officer and Chief Administrative Officer, has evaluated the effectiveness of the company’s disclosure controls and procedures (as such term is defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended) as of April 28, 2013 (Evaluation Date). Based on such evaluation, the President and Chief Executive Officer and the Senior Vice President — Chief Financial Officer and Chief Administrative Officer have concluded that, as of the Evaluation Date, the company’s disclosure controls and procedures are effective.

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b. Changes in Internal Controls

As previously disclosed, during the fourth quarter of 2012, the company entered into a contract with a third-party service organization to provide finance and accounting services, including portions of credit operations, accounts payable, master data management and accounting services for North America and Australia, as well as certain U.S. payroll services. In the third quarter of 2013, the company continued the transition of these services to the third-party service organization, with the full transition expected to be substantially completed by the end of 2013. This ongoing transition continues to materially affect the company's internal control over financial reporting. Except for the foregoing, there were no changes in the company’s internal control over financial reporting that materially affected, or were likely to materially affect, such control over financial reporting during the quarter ended April 28, 2013.

PART II

Item 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

Issuer Purchases of Equity Securities

Period	Total Number of Shares Purchased (1)		Average Price Paid Per Share (2)	Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (3)	Approximate Dollar Value  of Shares that may yet be Purchased Under the Plans or Programs ($ in Millions) (3)
1/28/13-2/28/13	430,000		$38.02	—	$750
3/1/13-3/31/13	636,000		$41.72	—	$750
4/1/13-4/28/13	732,000	(4)	$45.67	—	$750
Total	1,798,000		$42.44	—	$750

____________________________________

(1) Includes (i) 1,614,000 shares repurchased in open-market transactions to offset the dilutive impact to existing shareowners of issuances under the company's stock compensation plans, and (ii) and 184,000 shares purchased from the counterparty of a deferred compensation hedge that was partially settled during the third quarter of 2013 (the "Hedge Shares").

(2) Average price paid per share is calculated on a settlement basis and excludes commission.

(3) During the third quarter of 2013, the company had a publicly announced strategic share repurchase program. Under this program, which was announced on June 23, 2011, the company's Board of Directors authorized the purchase of up to $1 billion of company stock. The program has no expiration date, although the company suspended purchases under the program in July 2012. The company expects to continue its practice, under separate authorization, of purchasing shares sufficient to offset shares issued under incentive compensation plans.

(4) Includes (i) 548,000 shares purchased in open-market transactions at an average price of $45.56 to offset the dilutive impact to existing shareowners of issuances under the company's stock compensation plans, and (ii) the Hedge Shares at an average price of $46.00.

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Item 6. EXHIBITS

31(a)	Certification of Denise M. Morrison pursuant to Rule 13a-14(a).
31(b)	Certification of B. Craig Owens pursuant to Rule 13a-14(a).
32(a)	Certification of Denise M. Morrison pursuant to 18 U.S.C. Section 1350.
32(b)	Certification of B. Craig Owens pursuant to 18 U.S.C. Section 1350.
101.INS	XBRL Instance Document
101.SCH	XBRL Schema Document
101.CAL	XBRL Calculation Linkbase Document
101.DEF	XBRL Definition Linkbase Document
101.LAB	XBRL Label Linkbase Document
101.PRE	XBRL Presentation Linkbase Document

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Date: June 5, 2013

	CAMPBELL SOUP COMPANY
By:	/s/ B. Craig Owens
	B. Craig Owens
	Senior Vice President — Chief
	Financial Officer and Chief
	Administrative Officer

By:	/s/ Ellen Oran Kaden
	Ellen Oran Kaden
	Senior Vice President — Chief Legal and
	Public Affairs Officer

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INDEX TO EXHIBITS

31(a)	Certification of Denise M. Morrison pursuant to Rule 13a-14(a).
31(b)	Certification of B. Craig Owens pursuant to Rule 13a-14(a).
32(a)	Certification of Denise M. Morrison pursuant to 18 U.S.C. Section 1350.
32(b)	Certification of B. Craig Owens pursuant to 18 U.S.C. Section 1350.
101.INS	XBRL Instance Document
101.SCH	XBRL Schema Document
101.CAL	XBRL Calculation Linkbase Document
101.DEF	XBRL Definition Linkbase Document
101.LAB	XBRL Label Linkbase Document
101.PRE	XBRL Presentation Linkbase Document

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EX-31.(A)

EXHIBIT 31(a)

CERTIFICATION PURSUANT

TO RULE 13a-14(a)

I, Denise M. Morrison, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of Campbell Soup Company;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: June 5, 2013

By:	/s/ Denise M. Morrison
	Name:	Denise M. Morrison
	Title:	President and Chief Executive Officer

EX-31.(B)

EXHIBIT 31(b)

CERTIFICATION PURSUANT

TO RULE 13a-14(a)

I, B. Craig Owens, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of Campbell Soup Company;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: June 5, 2013

By:	/s/ B. Craig Owens
	Name:	B. Craig Owens
	Title:	Senior Vice President — Chief Financial
		Officer and Chief Administrative Officer

EX-32.(A)

EXHIBIT 32(a)

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350

In connection with the Quarterly Report of Campbell Soup Company (the “Company”) on Form 10-Q for the fiscal quarter ended April 28, 2013 (the “Report”), I, Denise M. Morrison, President and Chief Executive Officer of the Company, hereby certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to my knowledge:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: June 5, 2013

By:	/s/ Denise M. Morrison
	Name:	Denise M. Morrison
	Title:	President and Chief Executive Officer

EX-32.(B)

EXHIBIT 32(b)

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350

In connection with the Quarterly Report of Campbell Soup Company (the “Company”) on Form 10-Q for the fiscal quarter ended April 28, 2013 (the “Report”), I, B. Craig Owens, Senior Vice President — Chief Financial Officer and Chief Administrative Officer of the Company, hereby certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to my knowledge:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: June 5, 2013

By:	/s/ B. Craig Owens
	Name:	B. Craig Owens
	Title:	Senior Vice President — Chief Financial
		Officer and Chief Administrative Officer

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Short-term Borrowings and Long-term Debt

9 Months Ended

Apr. 28, 2013

Debt Disclosure [Abstract]

Short-term Borrowings and Long-term Debt

Short-term Borrowings and Long-term Debt

On August 6, 2012, the company completed the acquisition of Bolthouse Farms from a fund managed by Madison Dearborn Partners, LLC, a private equity firm, for $1,550 in cash, subject to customary purchase price adjustments. On August 6, 2012, the preliminary purchase price adjustments resulted in an increase in the purchase price of $20. In the third quarter, the purchase price adjustments were finalized and reduced to $11. The acquisition was funded through a combination of short- and long-term borrowings. The terms of long-term borrowings, which were issued on August 2, 2012, were as follows:

• $400 floating rate notes that mature on August 1, 2014. Interest on the notes is based on 3-month U.S. dollar LIBOR plus 0.3% . Interest is payable quarterly and commenced on November 1, 2012;

• $450 of 2.50% notes that mature on August 2, 2022. Interest is payable semi-annually and commenced on February 2, 2013. The company may redeem the notes in whole or in part at any time at a redemption price of 100% of the principal amount plus accrued interest or an amount designed to ensure that the note holders are not penalized by the early redemption; and

• $400 of 3.80% notes that mature on August 2, 2042. Interest is payable semi-annually and commenced on February 2, 2013. The company may redeem the notes in whole or in part at any time at a redemption price of 100% of the principal amount plus accrued interest or an amount designed to ensure that the note holders are not penalized by the early redemption.

The remaining balance was funded through the issuance of commercial paper.

XML

Restructuring Charges (Schedule Of Restructuring Activity And Related Reserves) (Details) (USD $) In Millions, unless otherwise specified	9 Months Ended
	Apr. 28, 2013
2013 Initiatives [Member]
Restructuring Reserve [Roll Forward]
Restructuring and Related Cost, Incurred Cost	$ 105
Cash Payments	(5)
Accrued Balance at end of period	17
2013 Initiatives [Member] | Severance Pay And Benefits [Member]
Restructuring Reserve [Roll Forward]
Restructuring and Related Cost, Incurred Cost	22
Cash Payments	(5)
Accrued Balance at end of period	17
2013 Initiatives [Member] | Restructuring Charges Subtotal [Member]
Restructuring Reserve [Roll Forward]
Restructuring and Related Cost, Incurred Cost	22
2013 Initiatives [Member] | Asset Impairment Accelerated Depreciation [Member]
Restructuring Reserve [Roll Forward]
Restructuring and Related Cost, Incurred Cost	80
2013 Initiatives [Member] | Other Restructuring [Member]
Restructuring Reserve [Roll Forward]
Restructuring and Related Cost, Incurred Cost	3
2011 Initiatives [Member]
Restructuring Reserve [Roll Forward]
Accrued Balance at beginning of period	16
Cash Payments	(9)
Accrued Balance at end of period	7
2011 Initiatives [Member] | Severance Pay And Benefits [Member]
Restructuring Reserve [Roll Forward]
Accrued Balance at beginning of period	14
Cash Payments	(9)
Accrued Balance at end of period	5
2011 Initiatives [Member] | Other Restructuring [Member]
Restructuring Reserve [Roll Forward]
Accrued Balance at beginning of period	2
Cash Payments
Accrued Balance at end of period	$ 2

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Consolidated Balance Sheets (USD $) In Millions, except Per Share data, unless otherwise specified	Apr. 28, 2013	Jul. 29, 2012
Current assets
Cash and cash equivalents	$ 453	$ 335
Accounts receivable, net	674	553
Inventories	888	714
Other current assets	162	169
Total current assets	2,177	1,771
Plant assets, net of depreciation	2,356	2,127
Goodwill	2,711	2,013
Other intangible assets, net of amortization	1,075	496
Other assets	134	123
Total assets	8,453	6,530
Current liabilities
Short-term borrowings	1,309	786
Payable to suppliers and others	590	571
Accrued liabilities	676	598
Dividend payable	8	93
Accrued income taxes	21	22
Total current liabilities	2,604	2,070
Long-term debt	2,944	2,004
Deferred taxes	478	298
Other liabilities	1,114	1,260
Total liabilities	7,140	5,632
Commitments and contingencies
Campbell Soup Company shareowners' equity
Preferred stock; authorized 40 shares; none issued	0	0
Capital stock, $.0375 par value; authorized 560 shares; issued 323 shares as of April 28,2013 and 542 as of July 29,2012	12	20
Additional paid-in capital	357	329
Earnings retained in the business	2,022	9,584
Capital stock in treasury, at cost	(365)	(8,259)
Accumulated other comprehensive loss	(709)	(776)
Total Campbell Soup Company shareowners' equity	1,317	898
Noncontrolling interests	(4)	0
Total equity	1,313	898
Total liabilities and equity	$ 8,453	$ 6,530
Preferred Stock, Shares Authorized	40	40
Preferred Stock, Shares Issued	0	0
Common Stock, Par or Stated Value Per Share	$ 0.0375	$ 0.0375
Capital Stock, Shares Authorized	560	560
Common Stock, Shares, Issued	323	542

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Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Apr. 28, 2013

Accumulated Other Comprehensive Income (Loss) [Abstract]

Accumulated Other Comprehensive Income

Accumulated Other Comprehensive Income (Loss)

The components of Accumulated other comprehensive income (loss) consisted of the following:

	Foreign Currency Translation Adjustment (1)		Gains (Losses) on Cash Flow Hedges (2)			Pension and Postretirement Benefit Plan Adjustments (3)			Total Accumulated Comprehensive Income (Loss)
Balance at July 29, 2012	$	261	$	(10	)	$	(1,027	)	$	(776	)
Other comprehensive income (loss) before reclassifications	7		(1		)	1			7
Amounts reclassified from accumulated other comprehensive income	—		1			59			60
Net current-period other comprehensive income	7		—			60			67
Balance at April 28, 2013	$	268	$	(10	)	$	(967	)	$	(709	)

_______________________________________

(1) Included a tax expense of $11 as of April 28, 2013, and $12 as of July 29, 2012. The amount related to noncontrolling interests was not material.

(2) Included a tax benefit of $6 as of April 28, 2013, and July 29, 2012.

(3) Included a tax benefit of $549 as of April 28, 2013, and $581 as of July 29, 2012.

The amounts reclassified from Accumulated other comprehensive income (loss) consisted of the following:

	Three Months Ended						Nine Months Ended
Details about Accumulated Other Comprehensive Income Components	April 28, 2013			April 29, 2012			April 28, 2013			April 29, 2012			Location of (Gain) Loss Recognized in Earnings
	Amount Reclassified from Accumulated Other Comprehensive Income (Loss)
(Gains) losses on cash flow hedges
Foreign exchange forward contracts	$	(1	)	$	(6	)	$	(2	)	$	—		Cost of products sold
Forward starting interest rate swaps	1			—			3			2			Interest expense
Total before tax	—			(6		)	1			2
Tax expense (benefit)	—			2			—			—
(Gain) loss, net of tax	$	—		$	(4	)	$	1		$	2
Amortization of pension and postretirement benefit adjustments
Prior service credits	$	—		$	—		$	(2	)	$	(1	)	(1)
Net actuarial losses	31			21			93			62			(1)
Total before tax	31			21			91			61
Tax expense (benefit)	(11		)	(7		)	(32		)	(22		)
(Gain) loss, net of tax	$	20		$	14		$	59		$	39

_____________________________________

(1) These items are included in the components of net periodic benefit costs (see Note 10 for additional details).

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Subsequent Event (Notes)

9 Months Ended

Apr. 28, 2013

Subsequent Events [Abstract]

Subsequent Events [Text Block]

Subsequent Event

On May 23, 2013, the company announced it had entered into an agreement to acquire Plum Inc., a leading provider of premium, organic foods and snacks that serve the nutritional needs of babies, toddlers and children.  The company plans to fund the acquisition through issuance of commercial paper.  The acquisition is subject to regulatory approvals and customary closing conditions, and the closing is expected to occur in 2013.

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Fair Value Measurements (Fair Value Measurement Of Assets And Liabilities) (Details) (Measured On Recurring Basis [Member], USD $) In Millions, unless otherwise specified	Apr. 28, 2013		Jul. 29, 2012
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	$ 15		$ 45
Total liabilities at fair value	198		192
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	2		5
Total liabilities at fair value	123		111
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	13		40
Total liabilities at fair value	75		81
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value
Total liabilities at fair value
Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	4	[1]	13	[1]
Interest Rate Swap [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value
Interest Rate Swap [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	4	[1]	13	[1]
Interest Rate Swap [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value
Forward Contracts [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	3	[1]	2	[1]
Forward Contracts [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value
Forward Contracts [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	3	[1]	2	[1]
Forward Contracts [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value
Foreign Exchange Forward Contracts [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value			2	[2]
Total liabilities at fair value	1	[2]
Foreign Exchange Forward Contracts [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value
Total liabilities at fair value
Foreign Exchange Forward Contracts [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value			2	[2]
Total liabilities at fair value	1	[2]
Foreign Exchange Forward Contracts [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value
Total liabilities at fair value
Cross-Currency Swap Contracts [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	4	[3]	19	[3]
Total liabilities at fair value	72	[3]	79	[3]
Cross-Currency Swap Contracts [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value
Total liabilities at fair value
Cross-Currency Swap Contracts [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	4	[3]	19	[3]
Total liabilities at fair value	72	[3]	79	[3]
Cross-Currency Swap Contracts [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value
Total liabilities at fair value
Commodity Derivative Contracts [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	3	[4]	8	[4]
Total liabilities at fair value	6	[4]	4	[4]
Commodity Derivative Contracts [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	2	[4]	5	[4]
Total liabilities at fair value	4	[4]	2	[4]
Commodity Derivative Contracts [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	1	[4]	3	[4]
Total liabilities at fair value	2	[4]	2	[4]
Commodity Derivative Contracts [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value
Total liabilities at fair value
Deferred Compensation Derivative Contracts [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	1	[5]	1	[5]
Deferred Compensation Derivative Contracts [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value
Deferred Compensation Derivative Contracts [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	1	[5]	1	[5]
Deferred Compensation Derivative Contracts [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value
Deferred Compensation Obligation [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities at fair value	119	[6]	109	[6]
Deferred Compensation Obligation [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities at fair value	119	[6]	109	[6]
Deferred Compensation Obligation [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities at fair value
Deferred Compensation Obligation [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities at fair value

[1] Based on LIBOR swap rates.

[2] Based on observable market transactions of spot currency rates and forward rates.

[3] Based on observable local benchmarks for currency and interest rates.

[4] Based on quoted futures exchanges and on observable prices of futures and options transactions in the marketplace.

[5] Based on LIBOR and equity index swap rates.

[6] Based on the fair value of the participants’ investments.

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Earnings Per Share (Computation Of Basic And Diluted Earnings Per Share) (Details) (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Apr. 28, 2013	Apr. 29, 2012	Apr. 28, 2013	Apr. 29, 2012
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net earnings attributable to Campbell Soup Company	$ 181	$ 177	$ 616	$ 647
Less: net earnings allocated to participating securities	0	(1)	0	(3)
Net earnings available to Campbell Soup Company common shareowners	$ 181	$ 176	$ 616	$ 644
Weighted average shares outstanding - basic	314	316	314	318
Effect of dilutive securities: stock options and other share-based payment awards	3	2	3	2
Weighted average shares outstanding - diluted	317	318	317	320
Net earnings attributable to Campbell Soup Company per common share: Basic	$ 0.58	$ 0.56	$ 1.96	$ 2.03
Net earnings attributable to Campbell Soup Company per common share: Diluted	$ 0.57	$ 0.55	$ 1.94	$ 2.01

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Financial Instruments

9 Months Ended

Apr. 28, 2013

General Discussion of Derivative Instruments and Hedging Activities [Abstract]

Financial Instruments

Financial Instruments

The principal market risks to which the company is exposed are changes in foreign currency exchange rates, interest rates, and commodity prices. In addition, the company is exposed to equity price changes related to certain deferred compensation obligations. In order to manage these exposures, the company follows established risk management policies and procedures, including the use of derivative contracts such as swaps, options, forwards and commodity futures. These derivative contracts are entered into for periods consistent with the related underlying exposures and do not constitute positions independent of those exposures. The company does not enter into derivative contracts for speculative purposes and does not use leveraged instruments. The company’s derivative programs include both instruments that qualify and that do not qualify for hedge accounting treatment.

Concentration of Credit Risk

The company is exposed to the risk that counterparties to derivative contracts will fail to meet their contractual obligations.  To mitigate counterparty credit risk, the company only enters into contracts with carefully selected, leading, credit-worthy financial institutions, and distributes contracts among several financial institutions to reduce the concentration of credit risk. The company does not have credit-risk-related contingent features in its derivative instruments as of April 28, 2013. During 2012, the company's largest customer accounted for approximately 17% of consolidated net sales. The company closely monitors credit risk associated with counterparties and customers.

Foreign Currency Exchange Risk

The company is exposed to foreign currency exchange risk related to its international operations, including non-functional currency intercompany debt and net investments in subsidiaries. The company is also exposed to foreign exchange risk as a result of transactions in currencies other than the functional currency of certain subsidiaries. Principal currencies hedged include the Australian dollar, Canadian dollar, euro, Swedish krona, New Zealand dollar, British pound and Japanese yen. The company utilizes foreign exchange forward purchase and sale contracts as well as cross-currency swaps to hedge these exposures. The contracts are either designated as cash-flow hedging instruments or are undesignated. The company hedges portions of its forecasted foreign currency transaction exposure with foreign exchange forward contracts for periods typically up to 18 months. To hedge currency exposures related to intercompany debt, cross-currency swap contracts are entered into for periods consistent with the underlying debt. As of April 28, 2013, cross-currency swap contracts mature between 2 and 26 months. The notional amount of foreign exchange forward and cross-currency swap contracts accounted for as cash-flow hedges was $148 at April 28, 2013 and $156 at July 29, 2012. The effective portion of the changes in fair value on these instruments is recorded in other comprehensive income (loss) and is reclassified into the Consolidated Statements of Earnings on the same line item and the same period in which the underlying hedged transaction affects earnings. The notional amount of foreign exchange forward and cross-currency swap contracts that are not designated as accounting hedges was $843 and $908 at April 28, 2013 and July 29, 2012, respectively.

Interest Rate Risk

The company manages its exposure to changes in interest rates by optimizing the use of variable-rate and fixed-rate debt and by utilizing interest rate swaps in order to maintain its variable-to-total debt ratio within targeted guidelines. Receive fixed rate/pay variable rate interest rate swaps are accounted for as fair-value hedges. The notional amount of outstanding fair-value interest rate swaps totaled $200 at April 28, 2013 and $500 at July 29, 2012. These swaps mature in 5 months. The company manages its exposure to interest rate volatility on future debt issuances by entering into forward starting interest rate swaps to lock in the rate on the interest payments related to the forecasted debt issuances. Pay fixed rate/receive variable rate forward starting interest rate swaps are accounted for as cash-flow hedges. The notional amount of outstanding forward starting interest rate swaps totaled $250 at April 28, 2013 and $600 at July 29, 2012. Forward starting interest rate swaps with a notional value of $400 were settled in August 2012, at a loss of $2, which was recorded in other comprehensive income (loss). The loss on the forward starting interest rate swaps will be amortized over the life of the 10-year debt issued in August 2012.

Commodity Price Risk

The company principally uses a combination of purchase orders and various short- and long-term supply arrangements in connection with the purchase of raw materials, including certain commodities and agricultural products. The company also enters into commodity futures, options and swap contracts to reduce the volatility of price fluctuations of diesel fuel, soybean oil, aluminum, wheat, natural gas and cocoa, which impact the cost of raw materials. Commodity futures, options, and swap contracts are either accounted for as cash-flow hedges or are not designated as accounting hedges. The company hedges a portion of commodity requirements for periods typically up to 18 months. There were no commodity contracts accounted for as cash-flow hedges as of April 28, 2013 or July 29, 2012. The notional amount of commodity contracts not designated as accounting hedges was $116 at April 28, 2013 and $95 at July 29, 2012.

Equity Price Risk

The company enters into swap contracts which hedge a portion of exposures relating to certain deferred compensation obligations linked to the total return of the company’s capital stock, the total return of the Vanguard Institutional Index, and the total return of the Vanguard Total International Stock Index. Under these contracts, the company pays variable interest rates and receives from the counterparty either the total return on company capital stock; the total return of the Standard & Poor's 500 Index, which is expected to approximate the total return of the Vanguard Institutional Index; or the total return of the iShares MSCI EAFE Index, which is expected to approximate the total return of the Vanguard Total International Stock Index. These contracts were not designated as hedges for accounting purposes and are entered into for periods typically not exceeding 12 months. The notional amounts of the contracts as of April 28, 2013 and July 29, 2012 were $50 and $75, respectively.

The following table summarizes the fair value of derivative instruments recorded in the Consolidated Balance Sheets as of April 28, 2013, and July 29, 2012:

	Balance Sheet Classification	April 28, 2013		July 29, 2012
Asset Derivatives
Derivatives designated as hedges:
Foreign exchange forward contracts	Other current assets	$	—	$	1
Forward starting interest rate swaps	Other current assets	—		1
Interest rate swaps	Other current assets	4		4
Forward starting interest rate swaps	Other assets	3		1
Interest rate swaps	Other assets	—		9
Total derivatives designated as hedges		$	7	$	16
Derivatives not designated as hedges:
Commodity derivative contracts	Other current assets	$	3	$	8
Cross-currency swap contracts	Other current assets	4		19
Deferred compensation derivative contracts	Other current assets	1		1
Foreign exchange forward contracts	Other current assets	—		1
Total derivatives not designated as hedges		8		29
Total asset derivatives		$	15	$	45

	Balance Sheet Classification	April 28, 2013		July 29, 2012
Liability Derivatives
Derivatives designated as hedges:
Cross-currency swap contracts	Accrued liabilities	$	23	$	—
Foreign exchange forward contracts	Accrued liabilities	1		—
Cross-currency swap contracts	Other liabilities	—		25
Total derivatives designated as hedges		$	24	$	25
Derivatives not designated as hedges:
Commodity derivative contracts	Accrued liabilities	$	6	$	4
Cross-currency swap contracts	Accrued liabilities	48		25
Cross-currency swap contracts	Other liabilities	1		29
Total derivatives not designated as hedges		$	55	$	58
Total liability derivatives		$	79	$	83

The following tables show the effect of the company’s derivative instruments designated as cash-flow hedges for the three- and nine-month periods ended April 28, 2013 and April 29, 2012, in other comprehensive income (loss) (OCI) and the Consolidated Statements of Earnings:

Derivatives Designated as Cash-Flow Hedges

		Total Cash-Flow Hedge OCI Activity
Three Months Ended April 28, 2013, and April 29, 2012		2013			2012
OCI derivative gain (loss) at beginning of quarter		$	(11	)	$	(19	)
Effective portion of changes in fair value recognized in OCI:
Foreign exchange forward contracts		—			2
Forward starting interest rate swaps		(6		)	—
Cross-currency swap contracts		1			1
Amount of (gain) loss reclassified from OCI to earnings:	Location in Earnings
Foreign exchange forward contracts	Cost of products sold	(1		)	(6		)
Forward starting interest rate swaps	Interest expense	1			—
OCI derivative gain (loss) at end of quarter		$	(16	)	$	(22	)

		Total Cash-Flow Hedge OCI Activity
Nine Months Ended April 28, 2013, and April 29, 2012		2013			2012
OCI derivative gain (loss) at beginning of year		$	(16	)	$	(31	)
Effective portion of changes in fair value recognized in OCI:
Foreign exchange forward contracts		(1		)	7
Cross-currency swap contracts		1			—
Forward starting interest rate swaps		(1		)	—
Amount of (gain) loss reclassified from OCI to earnings:	Location in Earnings
Foreign exchange forward contracts	Cost of products sold	(2		)	—
Forward starting interest rate swaps	Interest expense	3			2
OCI derivative gain (loss) at end of quarter		$	(16	)	$	(22	)

Based on current valuations, the amount expected to be reclassified from OCI into earnings within the next 12 months is a loss of $3. The ineffective portion and amount excluded from effectiveness testing were not material.

The following tables show the effect of the company’s derivative instruments designated as fair-value hedges in the Consolidated Statements of Earnings:

		Amount of Gain (Loss) Recognized in Earnings on Derivatives						Amount of Gain (Loss) Recognized in Earnings on Hedged Item
Derivatives Designated as Fair-Value Hedges	Location of Gain (Loss) Recognized in Earnings	April 28, 2013			April 29, 2012			April 28, 2013		April 29, 2012
Three Months Ended
Interest rate swaps	Interest expense	$	(2	)	$	(5	)	$	2	$	5
Nine Months Ended
Interest rate swaps	Interest expense	$	(9	)	$	(15	)	$	9	$	15

The following table shows the effects of the company’s derivative instruments not designated as hedges in the Consolidated Statements of Earnings:

		Amount of Gain (Loss) Recognized in Earnings on Derivatives
		Three Months Ended					Nine Months Ended
Derivatives not Designated as Hedges	Location of Gain (Loss) Recognized in Earnings	April 28, 2013		April 29, 2012			April 28, 2013			April 29, 2012
Foreign exchange forward contracts	Cost of products sold	$	—	$	(4	)	$	(1	)	$	—
Foreign exchange forward contracts	Other expenses/income	1		—			1			1
Cross-currency swap contracts	Other expenses/income	15		1			(3		)	40
Commodity derivative contracts	Cost of products sold	5		1			4			(6		)
Deferred compensation derivative contracts	Administrative expenses	9		4			15			3
Total		$	30	$	2		$	16		$	38

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Business And Geographic Segment Information (Schedule Of Segment Reporting - Earnings Before Interest And Taxes) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended						9 Months Ended
	Apr. 28, 2013		Oct. 28, 2012	Jul. 29, 2012	Apr. 29, 2012		Apr. 28, 2013		Apr. 29, 2012
Segment Reporting Information [Line Items]
Earnings before interest and taxes	$ 272				$ 264		$ 958		$ 1,009
Business Combination, Acquisition Related Costs			10	5			10
U.S. Simple Meals [Member]
Segment Reporting Information [Line Items]
Earnings before interest and taxes	156				120		621		554
Global Baking And Snacking [Member]
Segment Reporting Information [Line Items]
Earnings before interest and taxes	73				73		232		232
International Simple Meals And Beverages [Member]
Segment Reporting Information [Line Items]
Earnings before interest and taxes	40				37		141		138
U.S. Beverages [Member]
Segment Reporting Information [Line Items]
Earnings before interest and taxes	33				45		100		109
Bolthouse and Foodservice [Member]
Segment Reporting Information [Line Items]
Earnings before interest and taxes	27				20		91		75
Corporate [Member]
Segment Reporting Information [Line Items]
Earnings before interest and taxes	(56)	[1]			(27)	[1]	(196)	[1]	(90)	[1]
Restructuring Charges [Member]
Segment Reporting Information [Line Items]
Earnings before interest and taxes	(1)	[2]			(4)	[2]	(31)	[2]	(9)	[2]
2013 Initiatives [Member]
Segment Reporting Information [Line Items]
Restructuring Reserve, Accelerated Depreciation	$ 20						$ 81

[1] Represents unallocated corporate expenses. Restructuring-related costs of $20 and $81 were included in unallocated corporate expenses for the three- and nine-month periods ended April 28, 2013, respectively. In addition, unallocated corporate expenses included $10 of acquisition costs in the nine-month period ended

[2] See Note 7 for additional information.

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Noncontrolling Interests (Details) (USD $) In Millions, unless otherwise specified	9 Months Ended
	Apr. 28, 2013
Noncontrolling Interest [Line Items]
Payments to Acquire Interest in Joint Venture	$ 5
Contribution from noncontrolling interest	$ 3
China [Member]
Noncontrolling Interest [Line Items]
Controlling interest in a company	60.00%
Malaysia [Member]
Noncontrolling Interest [Line Items]
Controlling interest in a company	70.00%

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Acquistion Pro forma Information (Details) (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Apr. 28, 2013	Apr. 29, 2012	Apr. 28, 2013	Apr. 29, 2012
Business Acquisition, Pro Forma Information [Abstract]
Business Acquisition, Pro Forma Revenue	$ 2,094	$ 2,013	$ 6,776	$ 6,618
Business Acquisition, Pro Forma Net Income (Loss)	$ 181	$ 167	$ 616	$ 628
Business Acquisition, Pro Forma Earnings Per Share, Diluted	$ 0.57	$ 0.53	$ 1.94	$ 1.95

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Goodwill And Intangible Assets (Tables)

9 Months Ended

Apr. 28, 2013

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill [Table Text Block]

The following table shows the changes in the carrying amount of goodwill by business segment:

	U.S.     Simple Meals		Global Baking and Snacking			International Simple Meals and Beverages		U.S. Beverages		Bolthouse and Foodservice		Total
Balance at July 29, 2012	$	322	$	872		$	561	$	112	$	146	$	2,013
Acquisition	—		—			—		—		691		691
Foreign currency translation adjustment	—		(16		)	23		—		—		7
Balance at April 28, 2013	$	322	$	856		$	584	$	112	$	837	$	2,711

Intangible Assets Disclosure [Text Block]

The following table sets forth balance sheet information for intangible assets, excluding goodwill, subject to amortization and intangible assets not subject to amortization:

	April 28, 2013			July 29, 2012
Intangible Assets:
Non-amortizable intangible assets	$	878		$	485
Amortizable intangible assets	212			21
	1,090			506
Accumulated amortization	(15		)	(10		)
Total net intangible assets	$	1,075		$	496

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Accumulated Other Comprehensive Income (Tables)

9 Months Ended

Apr. 28, 2013

Accumulated Other Comprehensive Income (Loss) [Abstract]

Components Of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

The components of Accumulated other comprehensive income (loss) consisted of the following:

	Foreign Currency Translation Adjustment (1)		Gains (Losses) on Cash Flow Hedges (2)			Pension and Postretirement Benefit Plan Adjustments (3)			Total Accumulated Comprehensive Income (Loss)
Balance at July 29, 2012	$	261	$	(10	)	$	(1,027	)	$	(776	)
Other comprehensive income (loss) before reclassifications	7		(1		)	1			7
Amounts reclassified from accumulated other comprehensive income	—		1			59			60
Net current-period other comprehensive income	7		—			60			67
Balance at April 28, 2013	$	268	$	(10	)	$	(967	)	$	(709	)

_______________________________________

(1) Included a tax expense of $11 as of April 28, 2013, and $12 as of July 29, 2012. The amount related to noncontrolling interests was not material.

(2) Included a tax benefit of $6 as of April 28, 2013, and July 29, 2012.

(3) Included a tax benefit of $549 as of April 28, 2013, and $581 as of July 29, 2012.

Schedule Of Amounts Reclassified From Accumulated Other Comprehensive Income [Table Text Block]

The amounts reclassified from Accumulated other comprehensive income (loss) consisted of the following:

	Three Months Ended						Nine Months Ended
Details about Accumulated Other Comprehensive Income Components	April 28, 2013			April 29, 2012			April 28, 2013			April 29, 2012			Location of (Gain) Loss Recognized in Earnings
	Amount Reclassified from Accumulated Other Comprehensive Income (Loss)
(Gains) losses on cash flow hedges
Foreign exchange forward contracts	$	(1	)	$	(6	)	$	(2	)	$	—		Cost of products sold
Forward starting interest rate swaps	1			—			3			2			Interest expense
Total before tax	—			(6		)	1			2
Tax expense (benefit)	—			2			—			—
(Gain) loss, net of tax	$	—		$	(4	)	$	1		$	2
Amortization of pension and postretirement benefit adjustments
Prior service credits	$	—		$	—		$	(2	)	$	(1	)	(1)
Net actuarial losses	31			21			93			62			(1)
Total before tax	31			21			91			61
Tax expense (benefit)	(11		)	(7		)	(32		)	(22		)
(Gain) loss, net of tax	$	20		$	14		$	59		$	39

_____________________________________

(1) These items are included in the components of net periodic benefit costs (see Note 10 for additional details).

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Business And Geographic Segment Information (Narrative) (Details)	9 Months Ended
	Apr. 28, 2013
Business And Geographic Segment Information [Abstract]
Number of operating segments	13

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Stock-based Compensation (Tables)

9 Months Ended

Apr. 28, 2013

Stock-based Compensation

Schedule Of Stock Option Activity

The following table summarizes stock option activity as of April 28, 2013:

	Options		Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Life	Aggregate Intrinsic Value
	(Options in thousands)				(In years)
Outstanding at July 29, 2012	4,254		$	26.73
Granted	—		$	—
Exercised	(2,948	)	$	26.54
Terminated	(7	)	$	26.36
Outstanding at April 28, 2013	1,299		$	27.16	1.4	$	25
Exercisable at April 28, 2013	1,299		$	27.16	1.4	$	25

Time-Lapse Restricted Stock Units, EPS Performance Restricted Stock Units And Strategic Performance Restricted Stock Units

The following table summarizes time-lapse restricted stock units, EPS performance restricted stock units and strategic performance restricted stock units as of April 28, 2013:

	Units		Weighted- Average Grant-Date Fair Value
	(Restricted stock units in thousands)
Nonvested at July 29, 2012	3,951		$	33.19
Granted	1,927		$	35.13
Vested	(1,128	)	$	33.44
Forfeited	(171	)	$	33.52
Nonvested at April 28, 2013	4,579		$	33.95

TSR Performance Restricted Stock/Units [Member]

Stock-based Compensation

TSR Performance Restricted Stock Units

The following table summarizes TSR performance restricted stock units as of April 28, 2013:

	Units		Weighted- Average Grant-Date Fair Value
	(Restricted stock units in thousands)
Nonvested at July 29, 2012	2,143		$	37.94
Granted	582		$	39.76
Vested	—		$	—
Forfeited	(1,247	)	$	34.14
Nonvested at April 28, 2013	1,478		$	41.86

TSR Performance Restricted Stock Units, Assumptions

The company estimated the fair value of TSR performance restricted stock units at the grant date using a Monte Carlo simulation. Assumptions used in the Monte Carlo simulation were as follows:

	2013
Risk-free interest rate	0.30%
Expected dividend yield	3.26%
Expected volatility	15.07%
Expected term	3 years

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Acquistion Acquistion Schedule of Intangible Assets Acquired As Part of Business Combination (Details) (USD $) In Millions, unless otherwise specified	0 Months Ended
	Aug. 06, 2012
Intangible Assets Other Than Goodwill [Line Items]
Other Intangible assets	$ 580
Customer Relationships [Member]
Intangible Assets Other Than Goodwill [Line Items]
Business Acquisition, Purchase Price Allocation, Amortizable Intangible Assets	132
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	20 years
Distribution Rights [Member]
Intangible Assets Other Than Goodwill [Line Items]
Business Acquisition, Purchase Price Allocation, Amortizable Intangible Assets	2
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	7 years
Patented Technology [Member]
Intangible Assets Other Than Goodwill [Line Items]
Business Acquisition, Purchase Price Allocation, Amortizable Intangible Assets	43
Patented Technology [Member] | Minimum [Member]
Intangible Assets Other Than Goodwill [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	9 years
Patented Technology [Member] | Maximum [Member]
Intangible Assets Other Than Goodwill [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	17 years
Trade Secrets [Member]
Intangible Assets Other Than Goodwill [Line Items]
Business Acquisition, Purchase Price Allocation, Amortizable Intangible Assets	20
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	5 years
Trademarks [Member]
Intangible Assets Other Than Goodwill [Line Items]
Business Acquisition, Purchase Price Allocation, Intangible Assets Not Amortizable	$ 383

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Business And Geographic Segment Information (Additional Product Information For Net Sales) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Apr. 28, 2013	Apr. 29, 2012	Apr. 28, 2013	Apr. 29, 2012
Segment Reporting Information [Line Items]
Net sales	$ 2,094	$ 1,821	$ 6,763	$ 6,094
Simple Meals [Member]
Segment Reporting Information [Line Items]
Net sales	1,171	985	4,042	3,618
Baked Snacks [Member]
Segment Reporting Information [Line Items]
Net sales	602	576	1,806	1,735
Beverages [Member]
Segment Reporting Information [Line Items]
Net sales	$ 321	$ 260	$ 915	$ 741

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Pension And Postretirement Benefits (Tables)

9 Months Ended

Apr. 28, 2013

Defined Benefit Plan Disclosure [Line Items]

Schedule Of Components Of Benefit Expense

Components of benefit expense were as follows:

	Three Months Ended										Nine Months Ended
	Pension						Postretirement				Pension						Postretirement
	April 28, 2013			April 29, 2012			April 28, 2013		April 29, 2012		April 28, 2013			April 29, 2012			April 28, 2013			April 29, 2012
Service cost	$	15		$	14		$	1	$	—	$	43		$	41		$	3		$	2
Interest cost	27			31			3		4		81			92			11			13
Expected return on plan assets	(44		)	(44		)	—		—		(133		)	(133		)	—			—
Amortization of prior service credit	—			—			—		—		(1		)	—			(1		)	(1		)
Recognized net actuarial loss	27			18			4		3		81			55			11			7
Curtailment loss	—			—			—		—		3			—			—			—
Net periodic benefit expense	$	25		$	19		$	8	$	7	$	74		$	55		$	24		$	21

The curtailment loss of $3 related to the planned closure of the plant in Mexico and was included in the Restructuring charges. See also Note 7.

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Financial Instruments (Derivatives Designated As Fair-Value Hedges) (Details) (Interest Expense [Member], Interest Rate Swap [Member], USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Apr. 28, 2013	Apr. 29, 2012	Apr. 28, 2013	Apr. 29, 2012
Interest Expense [Member] | Interest Rate Swap [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Recognized in Earnings on Derivatives	$ (2)	$ (5)	$ (9)	$ (15)
Amount of Gain or (Loss) Recognized in Earnings on Hedged Items	$ 2	$ 5	$ 9	$ 15

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Stock-based Compensation (Assumptions Used In Monte Carlo Simulation) (Details) (TSR Performance Restricted Stock/Units [Member])	9 Months Ended
	Apr. 28, 2013
TSR Performance Restricted Stock/Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate	0.30%
Expected dividend yield	3.26%
Expected volatility	15.07%
Expected term, years	3 years

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Financial Instruments (Schedule Of Changes In Cash Flow Hedges In Other Comprehensive Income (Loss)) (Details) (USD $) In Millions, unless otherwise specified							3 Months Ended		9 Months Ended		3 Months Ended		9 Months Ended		3 Months Ended		9 Months Ended		3 Months Ended		9 Months Ended		3 Months Ended		9 Months Ended
	Apr. 28, 2013	Jan. 27, 2013	Jul. 29, 2012	Apr. 29, 2012	Jan. 29, 2012	Jul. 31, 2011	Apr. 28, 2013 Foreign Exchange Forward Contracts [Member]	Apr. 29, 2012 Foreign Exchange Forward Contracts [Member]	Apr. 28, 2013 Foreign Exchange Forward Contracts [Member]	Apr. 29, 2012 Foreign Exchange Forward Contracts [Member]	Apr. 28, 2013 Foreign Exchange Forward Contracts [Member] Cost Of Products Sold [Member]	Apr. 29, 2012 Foreign Exchange Forward Contracts [Member] Cost Of Products Sold [Member]	Apr. 28, 2013 Foreign Exchange Forward Contracts [Member] Cost Of Products Sold [Member]	Apr. 29, 2012 Foreign Exchange Forward Contracts [Member] Cost Of Products Sold [Member]	Apr. 28, 2013 Interest Rate Swap [Member]	Apr. 29, 2012 Interest Rate Swap [Member]	Apr. 28, 2013 Interest Rate Swap [Member]	Apr. 29, 2012 Interest Rate Swap [Member]	Apr. 28, 2013 Interest Rate Swap [Member] Interest Expense [Member]	Apr. 29, 2012 Interest Rate Swap [Member] Interest Expense [Member]	Apr. 28, 2013 Interest Rate Swap [Member] Interest Expense [Member]	Apr. 29, 2012 Interest Rate Swap [Member] Interest Expense [Member]	Apr. 28, 2013 Currency Swap [Member]	Apr. 29, 2012 Currency Swap [Member]	Apr. 28, 2013 Currency Swap [Member]	Apr. 29, 2012 Currency Swap [Member]
Derivative Instruments, Gain (Loss) [Line Items]
OCI derivative gain/(loss) at beginning of year	$ (16)	$ (11)	$ (16)	$ (22)	$ (19)	$ (31)
Derivative instruments gain (loss) recognized in OCI							0	2	(1)	7					(6)	0	(1)	0					1	1	1	0
Derivative instrument (gain) loss reclassified											(1)	(6)	(2)	0					1	0	3	2
OCI derivative gain/(loss) at end of year	$ (16)	$ (11)	$ (16)	$ (22)	$ (19)	$ (31)

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Goodwill And Intangible Assets (Narrative) (Details) (USD $) In Millions, unless otherwise specified	9 Months Ended
	Apr. 28, 2013	Apr. 29, 2012
Finite-Lived Intangible Assets [Line Items]
Amortization of Intangible Assets	$ 11	$ 1
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months	15
Finite-Lived Intangible Assets, Amortization Expense, Year Two	15
Finite Lived Intangible Assets, Amortization Expense, Year Three	15
Finite Lived Intangible Assets, Amortization Expense, Year Four	15
Finite Lived Intangible Assets, Amortization Expense, Year Five	$ 15
Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Asset useful lives minimum range, years	5 years
Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Asset useful lives minimum range, years	20 years

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Stock-based Compensation (Narrative) (Details) (USD $) In Millions, except Share data in Thousands, unless otherwise specified	3 Months Ended		9 Months Ended				0 Months Ended	9 Months Ended			9 Months Ended		9 Months Ended
	Apr. 28, 2013	Apr. 29, 2012	Apr. 28, 2013	Apr. 29, 2012	Apr. 28, 2013 EPS Performance Restricted Stock Units [Member]	Apr. 28, 2013 Strategic Performance Restricted Stock Units [Member]	Jul. 01, 2011 Special Retention Time-Lapse Restricted Stock Units [Member]	Apr. 28, 2013 Time Lapse, EPS Performance And Strategic Performance Restricted Stock Units [Member]	Apr. 29, 2012 Time Lapse, EPS Performance And Strategic Performance Restricted Stock Units [Member]	Jul. 29, 2012 Time Lapse, EPS Performance And Strategic Performance Restricted Stock Units [Member]	Apr. 28, 2013 TSR Performance Restricted Stock/Units [Member]	Jul. 29, 2012 TSR Performance Restricted Stock/Units [Member]	Apr. 28, 2013 Minimum [Member] EPS Performance Restricted Stock Units [Member]	Apr. 28, 2013 Minimum [Member] Strategic Performance Restricted Stock Units [Member]	Apr. 28, 2013 Maximum [Member] EPS Performance Restricted Stock Units [Member]	Apr. 28, 2013 Maximum [Member] Strategic Performance Restricted Stock Units [Member]
Stock-based Compensation
Pre-tax stock-based compensation expense	$ 31	$ 17	$ 82	$ 62
Tax-related benefits	12	6	31	23
Cash received from the exercise of stock options			78	94
Total intrinsic value of options exercised			32	24
Nonvested, Units					269	1,800		4,579		3,951	1,478	2,143
Nonvested, Weighted-Average Grant-Date Fair Value					$ 34.29	$ 33.22		$ 33.95		$ 33.19	$ 41.86	$ 37.94
Potential Percentage Of Grant Under Performance Plan													0.00%	0.00%	100.00%	200.00%
Granted, Units							400	1,927			582
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period							2 years
Granted, Weighted-Average Grant-Date Fair Value							$ 34.65	$ 35.13	$ 32.38		$ 39.76
Remaining unearned compensation on nonvested awards								63			22
Weighted-average remaining service period, years								1 year 6 months			1 year 11 months
Fair value of restricted units and shares vested								39	37
Percentage recipients received based on performance											0.00%
Excess tax benefits on stock-based compensation			$ 9	$ 6

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Acquistion (Tables)

9 Months Ended

Apr. 28, 2013

Business Acquisition [Line Items]

Business Acquisition, Pro Forma Information [Table Text Block]

The following unaudited summary information is presented on a consolidated pro forma basis as if the acquisition had occurred on August 1, 2011.

	Three Months Ended				Nine Months Ended
	April 28, 2013		April 29, 2012		April 28, 2013		April 29, 2012
Net sales	$	2,094	$	2,013	$	6,776	$	6,618
Net earnings attributable to Campbell Soup Company	$	181	$	167	$	616	$	628
Earnings per share attributable to Campbell Soup Company	$	0.57	$	0.53	$	1.94	$	1.95

Schedule of Purchase Price Allocation [Table Text Block]

The acquired assets and assumed liabilities include the following:

	August 6, 2012
Cash	$	3
Accounts receivable	74
Inventories	122
Other current assets	8
Plant assets	335
Goodwill	691
Other intangible assets	580
Other assets	8
Short-term debt	(1		)
Accounts payable	(59		)
Accrued liabilities	(34		)
Long-term debt	(1		)
Deferred income taxes	(150		)
Other liabilities	(15		)
Total of assets acquired and liabilities assumed	$	1,561

Schedule of Intangible Assets Acquired As Part of Business Combination [Table Text Block]

The fair value of intangible assets is as follows:

	Type	Life			Value
Trademarks	Non-amortizable	Indefinite			$	383
Customer relationships	Amortizable	20 years			132
Distributor relationship	Amortizable	7 years			2
Technology and patents	Amortizable	9	to	17 years	43
Formula and recipes	Amortizable	5 years			20
Total identifiable assets					$	580

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Consolidated Statements Of Equity (USD $) In Millions, except Per Share data	Total	Capital Stock Issued [Member]	Capital Stock In Treasury [Member]	Additional Paid-In Capital [Member]	Earnings Retained In The Business [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Noncontrolling Interests [Member]
Balance, value at Jul. 31, 2011	$ 1,096	$ 20	$ (8,021)	$ 331	$ 9,185	$ (427)	$ 8
Balance, shares at Jul. 31, 2011		542	(222)
Net earnings (loss)	639				647		(8)
Other comprehensive income (loss)	(58)					(58)	0
Dividends	(282)				(282)
Dividends per share	$ 0.87
Treasury stock purchased, shares			(8)
Treasury stock purchased, value	(272)		(272)
Treasury stock issued under management incentive and stock option plans, shares			4
Treasury stock issued under management incentive and stock option plans, value	149		149	0
Balance, value at Apr. 29, 2012	1,272	20	(8,144)	331	9,550	(485)	0
Balance, shares at Apr. 29, 2012		542	(226)
Balance, value at Jul. 29, 2012	898	20	(8,259)	329	9,584	(776)	0
Balance, shares at Jul. 29, 2012		542	(230)
Contribution from noncontrolling interest	3						3
Net earnings (loss)	609				616		(7)
Other comprehensive income (loss)	67					67	0
Dividends	(279)				(279)
Dividends per share	$ 0.87
Treasury stock purchased, shares			(4)
Treasury stock purchased, value	(139)		(139)
Treasury stock retired, shares	219	(219)	219
Treasury stock retired, value	0	(8)	7,907		(7,899)
Treasury stock issued under management incentive and stock option plans, shares			4
Treasury stock issued under management incentive and stock option plans, value	154		126	28
Balance, value at Apr. 28, 2013	$ 1,313	$ 12	$ (365)	$ 357	$ 2,022	$ (709)	$ (4)
Balance, shares at Apr. 28, 2013		323	(11)

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Recent Accounting Pronouncements

9 Months Ended

Apr. 28, 2013

New Accounting Pronouncements and Changes in Accounting Principles [Abstract]

Recent Accounting Pronouncements

Recent Accounting Pronouncements

In June 2011, the Financial Accounting Standards Board (FASB) issued authoritative guidance requiring entities to present net income and other comprehensive income (OCI) in one continuous statement or two separate, but consecutive, statements of net income and comprehensive income. The option to present items of OCI in the statement of changes in equity has been eliminated. In December 2011, the FASB issued an amendment to defer a requirement in the June 2011 standard that called for reclassification adjustments from accumulated other comprehensive income (AOCI) to be measured and presented by income statement line item in net income and also in OCI. The requirements are effective for annual reporting periods beginning after December 15, 2011, and for interim reporting periods within those years. The company adopted the guidance in the first quarter of 2013. The adoption impacted the presentation of financial statements but did not have a material impact on the company’s consolidated financial statements.

In February 2013, the FASB finalized the requirements related to reclassification adjustments from AOCI. The new standard requires that companies present either in a single note or parenthetically on the face of the financial statements, the effect of significant amounts reclassified from each component of AOCI. If a component is not required to be reclassified to net income in its entirety, the guidance requires a cross-reference to other disclosures that provide additional information. The company adopted the guidance in the third quarter of 2013. The adoption resulted in additional disclosures but did not have a material impact on the company’s consolidated financial statements.

In December 2011, the FASB issued guidance related to disclosures about offsetting (netting) of assets and liabilities in the statement of financial position. The guidance requires entities to disclose gross information and net information about both instruments and transactions that are offset in the statement of financial position, and instruments and transactions subject to an agreement similar to a master netting arrangement. The scope includes financial instruments and derivative instruments. In January 2013, the FASB issued an amendment to the guidance to limit the scope of the new balance sheet offsetting disclosures to derivatives, repurchase agreements, and securities lending transactions to the extent that they are offset in the financial statements or subject to an enforceable master netting arrangement or similar arrangement. The disclosures are required for fiscal years and interim periods within those years beginning on or after January 1, 2013. Disclosures required under the guidance will be provided for all comparative periods presented. The adoption will impact disclosures but will not have a material impact on the company’s consolidated financial statements.

In July 2012, the FASB issued revised guidance intended to simplify how an entity tests indefinite-lived intangible assets for impairment. The amendments will allow an entity first to assess qualitative factors to determine whether it is necessary to perform a quantitative impairment test. An entity will no longer be required to calculate the fair value of an indefinite-lived intangible asset and perform the quantitative test unless the entity determines, based on a qualitative assessment, that it is more likely than not that its fair value is less than its carrying amount. The amendments are effective for annual and interim indefinite-lived intangible asset impairment tests performed for fiscal years beginning after September 15, 2012. Early adoption is permitted. The company does not expect the adoption to have a material impact on the company’s consolidated financial statements.

In February 2013, the FASB issued guidance for the recognition, measurement, and disclosure of certain obligations resulting from joint and several liability arrangements for which the total amount is fixed. Such obligations may include debt arrangements, legal settlements, and other contractual arrangements. The guidance is effective for fiscal years and interim periods within those fiscal years beginning after December 15, 2013 and should be applied retrospectively to all prior periods presented for those obligations within scope that existed as of the beginning of the fiscal year of adoption. Early adoption is permitted. The company is currently evaluating the new guidance.

In March 2013, the FASB issued guidance on the accounting for the cumulative translation adjustment upon derecognition of certain subsidiaries or groups of assets within a foreign entity or of an investment in a foreign entity. The guidance is effective prospectively for fiscal years and interim periods within those fiscal years beginning after December 15, 2013. Early adoption is permitted. The company will prospectively apply the guidance to applicable transactions.

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Goodwill And Intangible Assets

9 Months Ended

Apr. 28, 2013

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Goodwill and Intangible Assets

The following table shows the changes in the carrying amount of goodwill by business segment:

	U.S.     Simple Meals		Global Baking and Snacking			International Simple Meals and Beverages		U.S. Beverages		Bolthouse and Foodservice		Total
Balance at July 29, 2012	$	322	$	872		$	561	$	112	$	146	$	2,013
Acquisition	—		—			—		—		691		691
Foreign currency translation adjustment	—		(16		)	23		—		—		7
Balance at April 28, 2013	$	322	$	856		$	584	$	112	$	837	$	2,711

The following table sets forth balance sheet information for intangible assets, excluding goodwill, subject to amortization and intangible assets not subject to amortization:

	April 28, 2013			July 29, 2012
Intangible Assets:
Non-amortizable intangible assets	$	878		$	485
Amortizable intangible assets	212			21
	1,090			506
Accumulated amortization	(15		)	(10		)
Total net intangible assets	$	1,075		$	496

Non-amortizable intangible assets consist of trademarks, which include Bolthouse Farms, Pace, Royco, Liebig, Blå Band and Touch of Taste.

Amortizable intangible assets consist substantially of customer relationships, process technology and formulas and recipes. Amortization related to these assets was $11 and $1 for the nine-month periods ended April 28, 2013 and April 29, 2012, respectively. The estimated aggregated amortization expense for 2013 and for each of the four succeeding years is approximately $15 per year. Asset useful lives range from 5 to 20 years.

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Inventories (Details) (USD $) In Millions, unless otherwise specified	Apr. 28, 2013	Jul. 29, 2012
Inventory, Net [Abstract]
Inventory, Raw Materials and Supplies	$ 359	$ 277
Inventory, Finished Goods	529	437
Inventory, Net	$ 888	$ 714

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Acquistion

9 Months Ended

Apr. 28, 2013

Business Combinations [Abstract]

Acquisition

Acquisition

On August 6, 2012, the company completed the acquisition of BF Bolthouse Holdco LLC (Bolthouse Farms) from a fund managed by Madison Dearborn Partners, LLC, a private equity firm, for $1,550 in cash, subject to customary purchase price adjustments. On August 6, 2012, the preliminary purchase price adjustments resulted in an increase in the purchase price of $20. In the third quarter, the purchase price adjustments were finalized and reduced to $11. The company funded the acquisition through a combination of short- and long-term borrowings.

The acquisition of Bolthouse Farms provides the company with a new growth platform. Bolthouse Farms is a vertically integrated food and beverage company focused on developing, manufacturing and marketing fresh carrots and proprietary, high value-added natural, healthy products. Bolthouse Farms is one of the market leaders in super-premium refrigerated beverages in the U.S. and Canada and expands the company's beverage portfolio. Bolthouse Farms' leading U.S. and Canadian market position in fresh carrots anchors its business and provides significant cash flow. In addition, Bolthouse Farms' prominent position in the high-growth packaged fresh category offers opportunities for expansion into adjacent segments that respond directly to significant consumer trends.

The company incurred transactions costs of $10 ($7 after tax) in the first quarter of 2013 and $5 ($3 after tax) during the fourth quarter of 2012. The costs were recorded in Other expenses/(income).

The acquisition of Bolthouse Farms contributed $205 to Net sales and resulted in an increase of $6 to Net earnings for the three months ended April 28, 2013, and contributed $571 to Net sales and resulted in an increase of $8 to Net earnings from August 6, 2012 through April 28, 2013. Net earnings reflect the transaction costs incurred in 2013, additional interest expense on the debt issued to finance the purchase, amortization and depreciation expense based on the estimated fair value and useful lives of intangible assets, plant assets, and related tax effects.

The following unaudited summary information is presented on a consolidated pro forma basis as if the acquisition had occurred on August 1, 2011.

	Three Months Ended				Nine Months Ended
	April 28, 2013		April 29, 2012		April 28, 2013		April 29, 2012
Net sales	$	2,094	$	2,013	$	6,776	$	6,618
Net earnings attributable to Campbell Soup Company	$	181	$	167	$	616	$	628
Earnings per share attributable to Campbell Soup Company	$	0.57	$	0.53	$	1.94	$	1.95

The pro forma amounts include transaction costs, additional interest expense on the debt issued to finance the purchase, amortization and depreciation expense based on the estimated fair value and useful lives of intangible assets, plant assets, and related tax effects. The pro forma results are not necessarily indicative of the combined results had the acquisition been completed at August 1, 2011, nor are they indicative of future combined results.

The acquired assets and assumed liabilities include the following:

	August 6, 2012
Cash	$	3
Accounts receivable	74
Inventories	122
Other current assets	8
Plant assets	335
Goodwill	691
Other intangible assets	580
Other assets	8
Short-term debt	(1		)
Accounts payable	(59		)
Accrued liabilities	(34		)
Long-term debt	(1		)
Deferred income taxes	(150		)
Other liabilities	(15		)
Total of assets acquired and liabilities assumed	$	1,561

The purchase price allocation is preliminary and is subject to the finalization of tax balances, which will be completed in the fourth quarter of 2013.

The excess of the purchase price over the estimated fair values of the identifiable assets was recorded as $691 of goodwill. Of this amount, $284 is expected to be deductible for tax purposes. The goodwill was primarily attributable to future growth opportunities and any intangible assets that did not qualify for separate recognition. The goodwill is included in the Bolthouse and Foodservice segment.

The fair value of intangible assets is as follows:

	Type	Life			Value
Trademarks	Non-amortizable	Indefinite			$	383
Customer relationships	Amortizable	20 years			132
Distributor relationship	Amortizable	7 years			2
Technology and patents	Amortizable	9	to	17 years	43
Formula and recipes	Amortizable	5 years			20
Total identifiable assets					$	580

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Accumulated Other Comprehensive Income (Components Of Accumulated Other Comprehensive Income (Loss)) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended			9 Months Ended
	Apr. 28, 2013		Apr. 29, 2012	Apr. 28, 2013		Apr. 29, 2012	Jul. 29, 2012
Total Accumulated other comprehensive loss	$ (709)			$ (709)			$ (776)
Other Comprehensive Income (Loss) Before Reclassifications Net Of Tax				7
Other Comprehensive Income Reclassifications Current Period Net of Tax				60
Other comprehensive income (loss), after tax	(9)		0	67		(58)
Accumulated Other Comprehensive Income Foreign Currency Translation Tax (Benefit) Expense	11			11			12
Accumulated Other Comprehensive Income Cashflow Hedges Tax (Benefit) Expense	(6)			(6)			(6)
Accumulated Other Comprehensive Income Unamortized Pension And Post Retirement Tax (Benefit) Expense	(549)			(549)			(581)
Accumulated Translation Adjustment [Member]
Total Accumulated other comprehensive loss	268	[1]		268	[1]		261	[1]
Other Comprehensive Income (Loss) Before Reclassifications Net Of Tax				7
Other comprehensive income (loss), after tax				7
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Total Accumulated other comprehensive loss	(10)	[2]		(10)	[2]		(10)	[2]
Other Comprehensive Income (Loss) Before Reclassifications Net Of Tax				(1)
Other Comprehensive Income Reclassifications Current Period Net of Tax				1
Other comprehensive income (loss), after tax				0
Accumulated Defined Benefit Plans Adjustment [Member]
Total Accumulated other comprehensive loss	(967)	[3]		(967)	[3]		(1,027)	[3]
Other Comprehensive Income (Loss) Before Reclassifications Net Of Tax				1
Other Comprehensive Income Reclassifications Current Period Net of Tax				59
Other comprehensive income (loss), after tax				$ 60

[1] Included a tax expense of $11 as of April 28, 2013, and $12 as of July 29, 2012. The amount related to noncontrolling interests was not material.

[2] Included a tax benefit of $6 as of April 28, 2013, and July 29, 2012.

[3] Included a tax benefit of $549 as of April 28, 2013, and $581 as of July 29, 2012.

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Business And Geographic Segment Information (Tables)

9 Months Ended

Apr. 28, 2013

Business And Geographic Segment Information [Abstract]

Schedule Of Segment Reporting

	Three Months Ended				Nine Months Ended
	April 28, 2013		April 29, 2012		April 28, 2013		April 29, 2012
Net sales
U.S. Simple Meals	$	627	$	567	$	2,356	$	2,265
Global Baking and Snacking	568		543		1,703		1,637
International Simple Meals and Beverages	357		349		1,116		1,110
U.S. Beverages	198		208		569		593
Bolthouse and Foodservice	344		154		1,019		489
Total	$	2,094	$	1,821	$	6,763	$	6,094

	Three Months Ended						Nine Months Ended
	April 28, 2013			April 29, 2012			April 28, 2013			April 29, 2012
Earnings before interest and taxes
U.S. Simple Meals	$	156		$	120		$	621		$	554
Global Baking and Snacking	73			73			232			232
International Simple Meals and Beverages	40			37			141			138
U.S. Beverages	33			45			100			109
Bolthouse and Foodservice	27			20			91			75
Corporate(1)	(56		)	(27		)	(196		)	(90		)
Restructuring charges(2)	(1		)	(4		)	(31		)	(9		)
Total	$	272		$	264		$	958		$	1,009

_______________________________________

(1) Represents unallocated corporate expenses. Restructuring-related costs of $20 and $81 were included in unallocated corporate expenses for the three- and nine-month periods ended April 28, 2013, respectively. In addition, unallocated corporate expenses included $10 of acquisition costs in the nine-month period ended April 28, 2013.

(2) See Note 7 for additional information.

Additional Product Information for Net Sales

The company’s global net sales based on product categories are as follows:

	Three Months Ended				Nine Months Ended
	April 28, 2013		April 29, 2012		April 28, 2013		April 29, 2012
Net sales
Simple Meals	$	1,171	$	985	$	4,042	$	3,618
Baked Snacks	602		576		1,806		1,735
Beverages	321		260		915		741
Total	$	2,094	$	1,821	$	6,763	$	6,094

Simple Meals include condensed and ready-to-serve soups, broths, sauces, carrot products, and refrigerated salad dressings. Baked Snacks include cookies, crackers, biscuits, and other baked products.

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Financial Instruments (Tables)

9 Months Ended

Apr. 28, 2013

General Discussion of Derivative Instruments and Hedging Activities [Abstract]

Schedule Of The Fair Value Of Derivative Instruments

The following table summarizes the fair value of derivative instruments recorded in the Consolidated Balance Sheets as of April 28, 2013, and July 29, 2012:

	Balance Sheet Classification	April 28, 2013		July 29, 2012
Asset Derivatives
Derivatives designated as hedges:
Foreign exchange forward contracts	Other current assets	$	—	$	1
Forward starting interest rate swaps	Other current assets	—		1
Interest rate swaps	Other current assets	4		4
Forward starting interest rate swaps	Other assets	3		1
Interest rate swaps	Other assets	—		9
Total derivatives designated as hedges		$	7	$	16
Derivatives not designated as hedges:
Commodity derivative contracts	Other current assets	$	3	$	8
Cross-currency swap contracts	Other current assets	4		19
Deferred compensation derivative contracts	Other current assets	1		1
Foreign exchange forward contracts	Other current assets	—		1
Total derivatives not designated as hedges		8		29
Total asset derivatives		$	15	$	45

	Balance Sheet Classification	April 28, 2013		July 29, 2012
Liability Derivatives
Derivatives designated as hedges:
Cross-currency swap contracts	Accrued liabilities	$	23	$	—
Foreign exchange forward contracts	Accrued liabilities	1		—
Cross-currency swap contracts	Other liabilities	—		25
Total derivatives designated as hedges		$	24	$	25
Derivatives not designated as hedges:
Commodity derivative contracts	Accrued liabilities	$	6	$	4
Cross-currency swap contracts	Accrued liabilities	48		25
Cross-currency swap contracts	Other liabilities	1		29
Total derivatives not designated as hedges		$	55	$	58
Total liability derivatives		$	79	$	83

Schedule Of Changes In Cash-Flow Hedges In Other Comprehensive Income (Loss)

The following tables show the effect of the company’s derivative instruments designated as cash-flow hedges for the three- and nine-month periods ended April 28, 2013 and April 29, 2012, in other comprehensive income (loss) (OCI) and the Consolidated Statements of Earnings:

Derivatives Designated as Cash-Flow Hedges

		Total Cash-Flow Hedge OCI Activity
Three Months Ended April 28, 2013, and April 29, 2012		2013			2012
OCI derivative gain (loss) at beginning of quarter		$	(11	)	$	(19	)
Effective portion of changes in fair value recognized in OCI:
Foreign exchange forward contracts		—			2
Forward starting interest rate swaps		(6		)	—
Cross-currency swap contracts		1			1
Amount of (gain) loss reclassified from OCI to earnings:	Location in Earnings
Foreign exchange forward contracts	Cost of products sold	(1		)	(6		)
Forward starting interest rate swaps	Interest expense	1			—
OCI derivative gain (loss) at end of quarter		$	(16	)	$	(22	)

		Total Cash-Flow Hedge OCI Activity
Nine Months Ended April 28, 2013, and April 29, 2012		2013			2012
OCI derivative gain (loss) at beginning of year		$	(16	)	$	(31	)
Effective portion of changes in fair value recognized in OCI:
Foreign exchange forward contracts		(1		)	7
Cross-currency swap contracts		1			—
Forward starting interest rate swaps		(1		)	—
Amount of (gain) loss reclassified from OCI to earnings:	Location in Earnings
Foreign exchange forward contracts	Cost of products sold	(2		)	—
Forward starting interest rate swaps	Interest expense	3			2
OCI derivative gain (loss) at end of quarter		$	(16	)	$	(22	)

Derivatives Designated As Fair-Value Hedges

The following tables show the effect of the company’s derivative instruments designated as fair-value hedges in the Consolidated Statements of Earnings:

		Amount of Gain (Loss) Recognized in Earnings on Derivatives						Amount of Gain (Loss) Recognized in Earnings on Hedged Item
Derivatives Designated as Fair-Value Hedges	Location of Gain (Loss) Recognized in Earnings	April 28, 2013			April 29, 2012			April 28, 2013		April 29, 2012
Three Months Ended
Interest rate swaps	Interest expense	$	(2	)	$	(5	)	$	2	$	5
Nine Months Ended
Interest rate swaps	Interest expense	$	(9	)	$	(15	)	$	9	$	15

Derivatives Not Designated As Hedges

The following table shows the effects of the company’s derivative instruments not designated as hedges in the Consolidated Statements of Earnings:

		Amount of Gain (Loss) Recognized in Earnings on Derivatives
		Three Months Ended					Nine Months Ended
Derivatives not Designated as Hedges	Location of Gain (Loss) Recognized in Earnings	April 28, 2013		April 29, 2012			April 28, 2013			April 29, 2012
Foreign exchange forward contracts	Cost of products sold	$	—	$	(4	)	$	(1	)	$	—
Foreign exchange forward contracts	Other expenses/income	1		—			1			1
Cross-currency swap contracts	Other expenses/income	15		1			(3		)	40
Commodity derivative contracts	Cost of products sold	5		1			4			(6		)
Deferred compensation derivative contracts	Administrative expenses	9		4			15			3
Total		$	30	$	2		$	16		$	38

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Stock-based Compensation (Time-Lapse Restricted Stock Units, EPS Performance Restricted Stock Units And Strategic Performance Restricted Stock Units And TSR Performance Restricted Stock Units) (Details) (USD $) In Thousands, except Per Share data, unless otherwise specified	9 Months Ended
	Apr. 28, 2013	Apr. 29, 2012
Time Lapse, EPS Performance And Strategic Performance Restricted Stock Units [Member]
Stock-based Compensation
Nonvested at beginning of period, Units	3,951
Granted, Units	1,927
Vested, Units	(1,128)
Forfeited, Units	(171)
Nonvested at end of period, Units	4,579
Nonvested at beginning of period, Weighted-Average Grant-Date Fair Value	$ 33.19
Granted, Weighted-Average Grant-Date Fair Value	$ 35.13	$ 32.38
Vested, Weighted-Average Grant-Date Fair Value	$ 33.44
Forfeited, Weighted Average Grant Date Fair Value	$ 33.52
Nonvested at end of period, Weighted-Average Grant-Date Fair Value	$ 33.95
TSR Performance Restricted Stock/Units [Member]
Stock-based Compensation
Nonvested at beginning of period, Units	2,143
Granted, Units	582
Vested, Units	0
Forfeited, Units	(1,247)
Nonvested at end of period, Units	1,478
Nonvested at beginning of period, Weighted-Average Grant-Date Fair Value	$ 37.94
Granted, Weighted-Average Grant-Date Fair Value	$ 39.76
Vested, Weighted-Average Grant-Date Fair Value	$ 0
Forfeited, Weighted Average Grant Date Fair Value	$ 34.14
Nonvested at end of period, Weighted-Average Grant-Date Fair Value	$ 41.86

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Acquistion (Narrative) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended			9 Months Ended
	Apr. 28, 2013	Oct. 28, 2012	Jul. 29, 2012	Apr. 28, 2013	Aug. 06, 2012
Business Acquisition [Line Items]
Business Acquisition, Cost of Acquired Entity, Purchase Price					$ 1,550
Business Combination, Initial Purchase Price Adjustment					20
Business Combination, Purchase Price Adjustment	11
Business Combination, Acquisition Related Costs		10	5	10
Business Combination, Acquisition Related After Tax Costs		7	3
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual	205			571
Business Combination, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual	6			8
Business Acquisition, Purchase Price Allocation, Goodwill Amount					691
Business Acquisition, Purchase Price Allocation, Goodwill, Expected Tax Deductible Amount					$ 284

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Stock-based Compensation (Schedule Of Stock Option Activity) (Details) (USD $) In Millions, except Share data in Thousands, unless otherwise specified	9 Months Ended
	Apr. 28, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Beginning of year, Options	4,254
Granted, Options	0
Exercised, Options	(2,948)
Terminated, Options	(7)
End of year, Options	1,299
Exercisable at end of period, Options	1,299
Beginning of period, Weighted-Average Exercise Price	$ 26.73
Granted, Weighted-Average Exercise Price	$ 0.00
Exercised, Weighted-Average Exercise Price	$ 26.54
Terminated, Weighted-Average Exercise Price	$ 26.36
End of period, Weighted-Average Exercise Price	$ 27.16
Exercisable at end of period, Weighted-Average Exercise Price	$ 27.16
Outstanding at end of period, Weighted-Average Remaining Contractual Life (In years)	1 year 5 months
Exercisable at end of period, Weighted-Average Remaining Contractual Life (In years)	1 year 5 months
Outstanding at end of period, Aggregate Intrinsic Value	$ 25
Exercisable at end of period, Aggregate Intrinsic Value	$ 25

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Earnings Per Share (Narrative) (Details) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Apr. 28, 2013	Apr. 29, 2012	Apr. 28, 2013	Apr. 29, 2012
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Stock options not included in the diluted earnings per share calculation as they were antidilutive	0	0	0	0

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Restructuring Charges (Narrative) (Details) (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended		9 Months Ended		4 Months Ended				3 Months Ended	4 Months Ended	7 Months Ended	9 Months Ended	7 Months Ended	9 Months Ended	7 Months Ended	9 Months Ended	7 Months Ended	9 Months Ended	7 Months Ended				3 Months Ended	9 Months Ended	12 Months Ended	22 Months Ended
	Apr. 28, 2013	Apr. 29, 2012	Apr. 28, 2013	Apr. 29, 2012	Apr. 28, 2013 MEXICO	Apr. 28, 2013 MEXICO Asset Impairment Accelerated Depreciation [Member]	Apr. 28, 2013 MEXICO Other Restructuring [Member]	Apr. 28, 2013 MEXICO Severance Pay And Benefits [Member]	Apr. 28, 2013 2013 Initiatives [Member]	Jan. 27, 2013 2013 Initiatives [Member]	Apr. 28, 2013 2013 Initiatives [Member]	Apr. 28, 2013 2013 Initiatives [Member]	Apr. 28, 2013 2013 Initiatives [Member] Severance Pay And Benefits [Member]	Apr. 28, 2013 2013 Initiatives [Member] Severance Pay And Benefits [Member]	Apr. 28, 2013 2013 Initiatives [Member] Asset Impairment Accelerated Depreciation [Member]	Apr. 28, 2013 2013 Initiatives [Member] Asset Impairment Accelerated Depreciation [Member]	Apr. 28, 2013 2013 Initiatives [Member] Other Restructuring [Member]	Apr. 28, 2013 2013 Initiatives [Member] Other Restructuring [Member]	Apr. 28, 2013 2013 Initiatives [Member] Sacramento, CA [Member]	Apr. 28, 2013 2013 Initiatives [Member] South Plainfield, NJ [Member]	Apr. 28, 2013 2013 Initiatives [Member] U.S. Simple Meals [Member]	Apr. 28, 2013 2013 Initiatives [Member] U.S. Beverages [Member]	Jul. 31, 2011 2011 Initiatives [Member]	Apr. 29, 2012 2011 Initiatives [Member]	Jul. 29, 2012 2011 Initiatives [Member]	Apr. 28, 2013 2011 Initiatives [Member]	Apr. 28, 2013 2011 Initiatives [Member] Severance Pay And Benefits [Member]	Apr. 28, 2013 2011 Initiatives [Member] Asset Impairment Accelerated Depreciation [Member]	Apr. 28, 2013 2011 Initiatives [Member] Other Restructuring [Member]	Apr. 28, 2013 2011 Initiatives [Member] Camden New Jersey [Member]	Apr. 28, 2013 2011 Initiatives [Member] Outsource Of U.S. Retail Merchandising [Member]	Apr. 28, 2013 2011 Initiatives [Member] Moscow [Member]	Apr. 28, 2013 2011 Initiatives [Member] U.S. Simple Meals [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Number of Positions Eliminated					260						727								700	27						190
Curtailment loss					$ 3
Restructuring and Related Cost, Incurred Cost								1				105		22		80		3
Asset Impairment Charges					3
Positions eliminated																										510				130	190	50
Restructuring charges	1	4	31	9	7							24											63	9	10
Restructuring Reserve, Accelerated Depreciation									20			81
Restructuring charges and related costs, after tax												66
Restructuring charges, after tax					5																		41	6	6
Restructuring charges per diluted share					$ 0.02							$ 0.21											$ 0.12	$ 0.02	$ 0.02
Restructuring and Related Cost, Expected Cost					9	1	1			115	120		22		86		12									74	41	23	10
Expected cash expenditures					4						32															50
Expected investment in capital expenditures											27															40
Payments for (Proceeds from) Productive Assets																										31
Aggregate pre-tax costs expected to be incurred											$ 15		$ 0		$ 6		$ 9				$ 12	$ 3				$ 1			$ 1				$ 1

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Goodwill And Intangible Assets (Intangible Assets) (Details) (USD $) In Millions, unless otherwise specified	Apr. 28, 2013	Jul. 29, 2012
Goodwill and Intangible Assets Disclosure [Abstract]
Non-amortizable intangible assets	$ 878	$ 485
Amortizable intangible assets	212	21
Gross intangible assets	1,090	506
Accumulated amortization	(15)	(10)
Total net intangible assets	$ 1,075	$ 496

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Consolidated Statements of Comprehensive Income (USD $) In Millions, unless otherwise specified	3 Months Ended				9 Months Ended
	Apr. 28, 2013		Apr. 29, 2012		Apr. 28, 2013		Apr. 29, 2012
Statement of Other Comprehensive Income [Abstract]
Net earnings	$ 179		$ 175		$ 609		$ 639
Other comprehensive income (loss), before tax [Abstract]
Foreign currency translation adjustments, before tax	(32)		(16)		6		(96)
Cash-flow hedges, before tax [Abstract]
Unrealized gains (losses) arising during the period, before tax	(5)		3		(1)		7
Reclassification adjustment for (gains) losses included in net earnings, before tax			(6)		1		2
Pension and other postretirement benefits, before tax, [Abstract]
Net actuarial gain (loss) arising during the period, before tax	1		(1)		1		6
Reclassification of prior service credit included in net earnings, before tax					(2)	[1]	(1)	[1]
Reclassification of net actuarial loss included in net earnings before tax	31	[1]	21	[1]	93	[1]	62	[1]
Other comprehensive income (loss), before tax	(5)		1		98		(20)
Other comprehensive income (loss), tax (expense) benefit [Abstract]
Foreign currency translation adjustments, tax (expense) benefit	5		5		1		(12)
Cash-flow hedges, tax effect [Abstract]
Unrealized gains (losses) arising during the period, tax (expense) benefit	2		(1)				(2)
Reclassification adjustment for (gains) losses included in net earnings, tax (expense) benefit			2
Pension and other postretirement liability adjustments, tax effect [Abstract]
Net actuarial gain (loss) arising during the period, tax (expense) benefit							(2)
Reclassification of net actuarial loss included in net earnings, tax (expense) benefit	(11)		(7)		(32)		(22)
Other comprehensive income (loss), tax (expense) benefit	(4)		(1)		(31)		(38)
Other comprehensive income (loss), after-tax [Abstract]
Foreign currency translation adjustments, after-tax	(27)		(11)		7		(108)
Cash-flow hedges, after-tax[Abstract]
Unrealized gains (losses) arising during the period, after-tax	(3)		2		(1)		5
Reclassification adjustment for (gains) losses included in net earnings, after-tax			(4)		1		2
Pension and other postretirement liability adjustments, after-tax [Abstract]
Net actuarial gain (loss) arising during the period, after-tax	1		(1)		1		4
Reclassification of prior service credit included in net earnings, after tax					(2)		(1)
Reclassification of net actuarial loss included in net earnings, after-tax	20		14		61		40
Other comprehensive income (loss), after tax	(9)		0		67		(58)
Total comprehensive income (loss), after-tax	170		175		676		581
Total comprehensive income (loss) attributable to noncontrolling interests	(2)		(2)		(7)		(8)
Total comprehensive income (loss) attributable to Campbell Soup Company	$ 172		$ 177		$ 683		$ 589

[1] These items are included in the components of net periodic benefit costs (see Note 10 for additional details).

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Earnings Per Share

9 Months Ended

Apr. 28, 2013

Earnings Per Share [Abstract]

Earnings Per Share

Earnings per Share

The accounting guidance for earnings per share provides that unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents (whether paid or unpaid) are participating securities and shall be included in the computation of earnings per share pursuant to the two-class method. The two-class method is an earnings allocation formula that determines earnings per share for each class of common stock and participating security according to dividends declared and participation rights in undistributed earnings. Awards issued by the company prior to 2011 contained non-forfeitable rights to dividends or dividend equivalents.

The computation of basic and diluted earnings per share attributable to common shareowners is as follows:

	Three Months Ended					Nine Months Ended
	April 28, 2013		April 29, 2012			April 28, 2013		April 29, 2012
Net earnings attributable to Campbell Soup Company	$	181	$	177		$	616	$	647
Less: net earnings allocated to participating securities	—		(1		)	—		(3		)
Net earnings available to Campbell Soup Company common shareowners	$	181	$	176		$	616	$	644
Weighted average shares outstanding — basic	314		316			314		318
Effect of dilutive securities: stock options and other share-based payment awards	3		2			3		2
Weighted average shares outstanding — diluted	317		318			317		320
Net earnings attributable to Campbell Soup Company per common share:
Basic	$	.58	$	.56		$	1.96	$	2.03
Diluted	$	.57	$	.55		$	1.94	$	2.01

There were no antidilutive stock options for the three-month and nine-month periods ended April 28, 2013 and April 29, 2012.

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Consolidated Statements Of Cash Flows (USD $) In Millions, unless otherwise specified	9 Months Ended
	Apr. 28, 2013	Apr. 29, 2012
Cash flows from operating activities:
Net earnings	$ 609	$ 639
Adjustments to reconcile net earnings to operating cash flow
Restructuring charges	31	9
Stock-based compensation	82	62
Depreciation and amortization	318	189
Deferred income taxes	(10)	64
Other, net	114	94
Changes in working capital
Accounts receivable	(40)	(23)
Inventories	(52)	80
Prepaid assets	1	0
Accounts payable and accrued liabilities	(82)	(140)
Pension fund contributions	(83)	(68)
Receipts from hedging activities	20	11
Other	(44)	(79)
Net cash provided by operating activities	864	838
Cash flows from investing activities:
Purchases of plant assets	(205)	(173)
Sales of plant assets	4	1
Business acquired, net of cash acquired	(1,558)	0
Other, net	(15)	6
Net cash used in investing activities	(1,774)	(166)
Cash flows from financing activities:
Net short-term borrowings (repayments)	613	(302)
Long-term borrowings	1,250	0
Repayments of notes payable	(400)	0
Dividends paid	(366)	(281)
Treasury stock purchases	(139)	(272)
Treasury stock issuances	78	94
Excess tax benefits on stock-based compensation	9	6
Contribution from noncontrolling interest	3	0
Other, net	(17)	0
Net cash provided by (used in) financing activities	1,031	(755)
Effect of exchange rate changes on cash	(3)	(18)
Net change in cash and cash equivalents	118	(101)
Cash and cash equivalents - beginning of period	335	484
Cash and cash equivalents - end of period	$ 453	$ 383

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Pension And Postretirement Benefits Pension And Postretirement Benefits (Narrative) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Apr. 28, 2013	Apr. 29, 2012	Apr. 28, 2013	Apr. 29, 2012
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Pension Contributions			$ 83	$ 68
Pension Plans, Defined Benefit [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Curtailment loss			(3)
U.S. Pension Plans [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Pension Contributions			75
Non U.S. Pension Plans [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Pension Contributions			8
Defined Benefit Plan, Estimated Future Employer Contributions in Current Fiscal Year	$ 4		$ 4

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Consolidated Statements of Earnings (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Apr. 28, 2013	Apr. 29, 2012	Apr. 28, 2013	Apr. 29, 2012
Income Statement [Abstract]
Net sales	$ 2,094	$ 1,821	$ 6,763	$ 6,094
Costs and expenses
Cost of products sold	1,346	1,115	4,331	3,723
Marketing and selling expenses	262	256	813	814
Administrative expenses	172	144	506	441
Research and development expenses	37	32	100	91
Other expenses / (income)	4	6	24	7
Restructuring charges	1	4	31	9
Total costs and expenses	1,822	1,557	5,805	5,085
Earnings before interest and taxes	272	264	958	1,009
Interest expense	33	29	102	87
Interest income	2	2	7	6
Earnings before taxes	241	237	863	928
Taxes on earnings	62	62	254	289
Net earnings	179	175	609	639
Less: Net earnings (loss) attributable to noncontrolling interests	(2)	(2)	(7)	(8)
Net earnings attributable to Campbell Soup Company	$ 181	$ 177	$ 616	$ 647
Per Share - Basic
Net earnings attributable to Campbell Soup Company	$ 0.58	$ 0.56	$ 1.96	$ 2.03
Dividends	$ 0	$ 0.29	$ 0.87	$ 0.87
Weighted average shares outstanding - basic	314	316	314	318
Per Share - Assuming Dilution
Net earnings attributable to Campbell Soup Company	$ 0.57	$ 0.55	$ 1.94	$ 2.01
Weighted average shares outstanding - assuming dilution	317	318	317	320

XML

Restructuring Charges (Schedule Of Pre-Tax Charge And Remaining Costs 2013 Iniatives) (Details) (2013 Initiatives [Member], USD $) In Millions, unless otherwise specified	4 Months Ended	7 Months Ended
	Jan. 27, 2013	Apr. 28, 2013
Restructuring Cost and Reserve [Line Items]
Total Program	$ 115	$ 120
Recognized as of end of period		(105)
Remaining Costs to be Recognized		15
Severance Pay And Benefits [Member]
Restructuring Cost and Reserve [Line Items]
Total Program		22
Recognized as of end of period		(22)
Remaining Costs to be Recognized		0
Asset Impairment Accelerated Depreciation [Member]
Restructuring Cost and Reserve [Line Items]
Total Program		86
Recognized as of end of period		(80)
Remaining Costs to be Recognized		6
Other Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Total Program		12
Recognized as of end of period		(3)
Remaining Costs to be Recognized		$ 9

XML

Restructuring Charges (Tables)

7 Months Ended

22 Months Ended

Apr. 28, 2013

2013 Initiatives [Member]

Apr. 28, 2013

2011 Initiatives [Member]

Schedule Of Pre-Tax Charge And Remaining Costs

A summary of the pre-tax costs and remaining costs associated with the U.S. supply chain initiatives is as follows:

	Total Program		Recognized as of April 28, 2013			Remaining Costs to be Recognized
Severance pay and benefits	$	22	$	(22	)	$	—
Accelerated depreciation	86		(80		)	6
Other exit costs	12		(3		)	9
Total	$	120	$	(105	)	$	15

A summary of the pre-tax charges and remaining costs associated with the initiatives is as follows:

	Total Program		Recognized as of April 28, 2013			Remaining Costs to be Recognized
Severance pay and benefits	$	41	$	(41	)	$	—
Asset impairment/accelerated depreciation	23		(23		)	—
Other exit costs	10		(9		)	1
Total	$	74	$	(73	)	$	1

Schedule Of Restructuring Activity And Related Reserves

A summary of the restructuring activity and related reserves associated with these U.S. supply chain initiatives at April 28, 2013 is as follows:

			Nine Months Ended
			April 28, 2013
	Accrued Balance at				Cash			Accrued Balance at
	July 29, 2012		Charges		Payments			April 28, 2013
Severance pay and benefits	$	—	$	22	$	(5	)	$	17
Other exit costs	—		—		—			—
	$	—	22		$	(5	)	$	17
Accelerated depreciation			80
Other non-cash exit costs			3
Total charges			$	105

A summary of the restructuring activity and related reserves associated with these initiatives at April 28, 2013 is as follows:

			Nine Months Ended
			April 28, 2013
	Accrued Balance at				Cash			Foreign  Currency Translation		Accrued Balance at
	July 29, 2012		Charges		Payments			Adjustment		April 28, 2013
Severance pay and benefits	$	14	$	—	$	(9	)	$	—	$	5
Other exit costs	2		—		—			—		2
	$	16	$	—	$	(9	)	$	—	$	7

Schedule Of Restructuring Charges Associated With Each Reportable Segment

A summary of restructuring charges related to these U.S. supply chain initiatives incurred to date associated with segments is as follows:

	U.S. Simple Meals		U.S. Beverages		Total
Severance pay and benefits	$	17	$	5	$	22
Accelerated depreciation	59		21		80
Other exit costs	2		1		3
	$	78	$	27	$	105

A summary of restructuring charges incurred to date associated with each segment is as follows:

	U.S. Simple Meals		Global Baking and Snacking		International Simple Meals and Beverages		U.S. Beverages		Bolthouse and Foodservice		Corporate		Total
Severance pay and benefits	$	10	$	14	$	11	$	3	$	1	$	2	$	41
Asset impairment/accelerated depreciation	20		—		3		—		—		—		23
Other exit costs	2		—		3		—		—		4		9
	$	32	$	14	$	17	$	3	$	1	$	6	$	73

XML

Supplemental Cash Flow Information

9 Months Ended

Apr. 28, 2013

Supplemental Cash Flow Information [Abstract]

Supplemental Cash Flow Information

Supplemental Cash Flow Information

Other cash used in operating activities for the nine-month periods was comprised of the following:

	April 28, 2013			April 29, 2012
Benefit related payments	$	(42	)	$	(75	)
Other	(2		)	(4		)
	$	(44	)	$	(79	)

XML

Goodwill And Intangible Assets (Goodwill) (Details) (USD $) In Millions, unless otherwise specified	9 Months Ended
	Apr. 28, 2013
Goodwill [Line Items]
Beginning Balance	$ 2,013
Goodwill, Acquired During Period	691
Foreign currency translation adjustment	7
Ending Balance	2,711
U.S. Simple Meals [Member]
Goodwill [Line Items]
Beginning Balance	322
Goodwill, Acquired During Period
Foreign currency translation adjustment
Ending Balance	322
Global Baking And Snacking [Member]
Goodwill [Line Items]
Beginning Balance	872
Goodwill, Acquired During Period
Foreign currency translation adjustment	(16)
Ending Balance	856
International Simple Meals And Beverages [Member]
Goodwill [Line Items]
Beginning Balance	561
Goodwill, Acquired During Period
Foreign currency translation adjustment	23
Ending Balance	584
U.S. Beverages [Member]
Goodwill [Line Items]
Beginning Balance	112
Goodwill, Acquired During Period
Foreign currency translation adjustment
Ending Balance	112
Bolthouse and Foodservice [Member]
Goodwill [Line Items]
Beginning Balance	146
Goodwill, Acquired During Period	691
Foreign currency translation adjustment
Ending Balance	$ 837

XML

Restructuring Charges (Schedule Of Restructuring Charges Associated With Each Reportable Segment) (Details) (USD $) In Millions, unless otherwise specified	7 Months Ended												22 Months Ended
	Apr. 28, 2013 2013 Initiatives [Member]	Apr. 28, 2013 2013 Initiatives [Member] Severance Pay And Benefits [Member]	Apr. 28, 2013 2013 Initiatives [Member] Asset Impairment Accelerated Depreciation [Member]	Apr. 28, 2013 2013 Initiatives [Member] Other Exit Costs [Member]	Apr. 28, 2013 2013 Initiatives [Member] U.S. Simple Meals [Member]	Apr. 28, 2013 2013 Initiatives [Member] U.S. Simple Meals [Member] Severance Pay And Benefits [Member]	Apr. 28, 2013 2013 Initiatives [Member] U.S. Simple Meals [Member] Asset Impairment Accelerated Depreciation [Member]	Apr. 28, 2013 2013 Initiatives [Member] U.S. Simple Meals [Member] Other Exit Costs [Member]	Apr. 28, 2013 2013 Initiatives [Member] U.S. Beverages [Member]	Apr. 28, 2013 2013 Initiatives [Member] U.S. Beverages [Member] Severance Pay And Benefits [Member]	Apr. 28, 2013 2013 Initiatives [Member] U.S. Beverages [Member] Asset Impairment Accelerated Depreciation [Member]	Apr. 28, 2013 2013 Initiatives [Member] U.S. Beverages [Member] Other Exit Costs [Member]	Apr. 28, 2013 2011 Initiatives [Member]	Apr. 28, 2013 2011 Initiatives [Member] Severance Pay And Benefits [Member]	Apr. 28, 2013 2011 Initiatives [Member] Asset Impairment Accelerated Depreciation [Member]	Apr. 28, 2013 2011 Initiatives [Member] Other Exit Costs [Member]	Apr. 28, 2013 2011 Initiatives [Member] U.S. Simple Meals [Member]	Apr. 28, 2013 2011 Initiatives [Member] U.S. Simple Meals [Member] Severance Pay And Benefits [Member]	Apr. 28, 2013 2011 Initiatives [Member] U.S. Simple Meals [Member] Asset Impairment Accelerated Depreciation [Member]	Apr. 28, 2013 2011 Initiatives [Member] U.S. Simple Meals [Member] Other Exit Costs [Member]	Apr. 28, 2013 2011 Initiatives [Member] Global Baking And Snacking [Member]	Apr. 28, 2013 2011 Initiatives [Member] Global Baking And Snacking [Member] Severance Pay And Benefits [Member]	Apr. 28, 2013 2011 Initiatives [Member] International Simple Meals And Beverages [Member]	Apr. 28, 2013 2011 Initiatives [Member] International Simple Meals And Beverages [Member] Severance Pay And Benefits [Member]	Apr. 28, 2013 2011 Initiatives [Member] International Simple Meals And Beverages [Member] Asset Impairment Accelerated Depreciation [Member]	Apr. 28, 2013 2011 Initiatives [Member] International Simple Meals And Beverages [Member] Other Exit Costs [Member]	Apr. 28, 2013 2011 Initiatives [Member] U.S. Beverages [Member]	Apr. 28, 2013 2011 Initiatives [Member] U.S. Beverages [Member] Severance Pay And Benefits [Member]	Apr. 28, 2013 2011 Initiatives [Member] Bolthouse and Foodservice [Member]	Apr. 28, 2013 2011 Initiatives [Member] Bolthouse and Foodservice [Member] Severance Pay And Benefits [Member]	Apr. 28, 2013 2011 Initiatives [Member] Corporate [Member]	Apr. 28, 2013 2011 Initiatives [Member] Corporate [Member] Severance Pay And Benefits [Member]	Apr. 28, 2013 2011 Initiatives [Member] Corporate [Member] Other Exit Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges Incurred to Date	$ 105	$ 22	$ 80	$ 3	$ 78	$ 17	$ 59	$ 2	$ 27	$ 5	$ 21	$ 1	$ 73	$ 41	$ 23	$ 9	$ 32	$ 10	$ 20	$ 2	$ 14	$ 14	$ 17	$ 11	$ 3	$ 3	$ 3	$ 3	$ 1	$ 1	$ 6	$ 2	$ 4

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Financial Instruments (Derivatives Not Designated As Hedges) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Apr. 28, 2013	Apr. 29, 2012	Apr. 28, 2013	Apr. 29, 2012
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Recognized in Earnings on Derivatives	$ 30	$ 2	$ 16	$ 38
Foreign Exchange Forward Contracts [Member] | Cost Of Products Sold [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Recognized in Earnings on Derivatives	0	(4)	(1)	0
Foreign Exchange Forward Contracts [Member] | Other Expenses/Income [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Recognized in Earnings on Derivatives	1	0	1	1
Cross-Currency Swap Contracts [Member] | Other Expenses/Income [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Recognized in Earnings on Derivatives	15	1	(3)	40
Commodity Derivative Contracts [Member] | Cost Of Products Sold [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Recognized in Earnings on Derivatives	5	1	4	(6)
Deferred Compensation Derivative Contracts [Member] | Administrative Expenses [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Recognized in Earnings on Derivatives	$ 9	$ 4	$ 15	$ 3

XML

Acquistion Schedule of Purchase Price Allocation (Details) (USD $) In Millions, unless otherwise specified	Aug. 06, 2012
Business Acquisition, Purchase Price Allocation [Abstract]
Cash and cash equivalents	$ 3
Accounts receivable, net	74
Inventories	122
Other current assets	8
Plant assets	335
Goodwill	691
Other Intangible assets	580
Other assets	8
Short-term borrowings	(1)
Payable to suppliers and others	(59)
Accrued liabilities	(34)
Long-term debt	(1)
Deferred taxes	(150)
Other liabilities	(15)
Business Acquisition, Cost of Acquired Entity, Cash Paid	$ 1,561

XML

Inventories (Tables)

9 Months Ended

Apr. 28, 2013

Inventory, Net [Abstract]

Schedule of Inventory, Current [Table Text Block]

Inventories

	April 28, 2013		July 29, 2012
Raw materials, containers and supplies	$	359	$	277
Finished products	529		437
Total inventories	$	888	$	714

XML

Supplemental Cash Flow Information (Tables)

9 Months Ended

Apr. 28, 2013

Supplemental Cash Flow Information [Abstract]

Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]

Other cash used in operating activities for the nine-month periods was comprised of the following:

	April 28, 2013			April 29, 2012
Benefit related payments	$	(42	)	$	(75	)
Other	(2		)	(4		)
	$	(44	)	$	(79	)

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Restructuring Charges

9 Months Ended

Apr. 28, 2013

Restructuring Charges [Abstract]

Restructuring Charges

Restructuring Charges

2013 Initiatives

In the second and third quarters of 2013, the company recorded restructuring charges of $7 ($5 after tax or $.02 per share) associated with commercial arrangements with third-party providers to expand the company's access to manufacturing and distribution capabilities in Mexico. The third-party providers will produce and distribute the company's beverages, soups, broths and sauces throughout the Mexican market. As a result of these agreements, the company will close its plant in Villagrán, Mexico, in 2014 and eliminate approximately 260 positions. The charge consisted of $3 related to pension benefits (See Note 10), $1 related to employee severance and benefit costs, and $3 related to asset impairment. The company expects to incur an additional $1 of accelerated depreciation and $1 of other exit costs related to this initiative. Of the aggregate $9 of pre-tax costs, the company expects approximately $4 will be cash expenditures. These charges are associated with the International Simple Meals and Beverages segment. Segment operating results do not include restructuring charges as segment performance is evaluated excluding such charges.

In the first quarter of 2013, the company announced several initiatives to improve its U.S. supply chain cost structure and increase asset utilization across its U.S. thermal plant network. The company expects to eliminate approximately 727 positions in connection with the initiatives, which include the following:

• The company will close its thermal plant in Sacramento, California, which produces soups, sauces and beverages. The closure will result in the elimination of approximately 700 full-time positions and will be completed in phases, with plans to cease operations in July 2013. The company plans to shift the majority of Sacramento's soup, sauce and beverage production to its thermal plants in Maxton, North Carolina; Napoleon, Ohio; and Paris, Texas.

• The company will also close its spice plant in South Plainfield, New Jersey, which will result in the elimination of 27 positions. The company will consolidate spice production at its Milwaukee, Wisconsin, plant in 2013.

In the nine-month period ended April 28, 2013, the company recorded a restructuring charge of $24 related to these initiatives. In addition, approximately $81 of costs related to these initiatives were recorded in Cost of products sold, representing accelerated depreciation and other exit costs. The aggregate after-tax impact of restructuring charges and related costs was $66, or $.21 per share. A summary of the pre-tax costs and remaining costs associated with the U.S. supply chain initiatives is as follows:

	Total Program		Recognized as of April 28, 2013			Remaining Costs to be Recognized
Severance pay and benefits	$	22	$	(22	)	$	—
Accelerated depreciation	86		(80		)	6
Other exit costs	12		(3		)	9
Total	$	120	$	(105	)	$	15

In the third quarter, the company increased the estimate of the total anticipated pre-tax costs to approximately $120 from $115, primarily due to increases in expected asset charges related to property, plant and equipment, partially offset by lower severance pay and benefits, and other exit costs. Of the aggregate $120 of pre-tax costs, the company expects approximately $32 will be cash expenditures. In addition, the company expects to invest approximately $27 in capital expenditures, primarily to relocate and refurbish a beverage filling and packaging line.

A summary of the restructuring activity and related reserves associated with these U.S. supply chain initiatives at April 28, 2013 is as follows:

			Nine Months Ended
			April 28, 2013
	Accrued Balance at				Cash			Accrued Balance at
	July 29, 2012		Charges		Payments			April 28, 2013
Severance pay and benefits	$	—	$	22	$	(5	)	$	17
Other exit costs	—		—		—			—
	$	—	22		$	(5	)	$	17
Accelerated depreciation			80
Other non-cash exit costs			3
Total charges			$	105

A summary of restructuring charges related to these U.S. supply chain initiatives incurred to date associated with segments is as follows:

	U.S. Simple Meals		U.S. Beverages		Total
Severance pay and benefits	$	17	$	5	$	22
Accelerated depreciation	59		21		80
Other exit costs	2		1		3
	$	78	$	27	$	105

The company expects to incur additional pre-tax costs of approximately $15 by segment as follows: U.S. Simple Meals - $12; and U.S. Beverages - $3. Segment operating results do not include restructuring charges as segment performance is evaluated excluding such charges.

2011 Initiatives

In the fourth quarter of 2011, the company announced a series of initiatives to improve supply chain efficiency and reduce overhead costs across the organization to help fund plans to drive the growth of the business. The company also announced its intent to exit the Russian market. Details of the initiatives include:

• In Australia, the company is investing in a new system to automate packing operations at its biscuit plant in Virginia. This investment continued through the third quarter of 2013 and will result in the elimination of approximately 190 positions. The initiative is now expected to be substantially completed by December 2013. Further, the company improved asset utilization in the U.S. by shifting production of ready-to-serve soups from Paris, Texas, to other facilities in 2012. In addition, the manufacturing facility in Marshall, Michigan, was closed in 2011, and manufacturing of Campbell’s Soup at Hand microwavable products was consolidated at the Maxton, North Carolina, plant in 2012.

• The company streamlined its salaried workforce by approximately 510 positions around the world, including approximately 130 positions at its world headquarters in Camden, New Jersey. These actions were substantially completed in 2011. As part of this initiative, the company outsourced a larger portion of its U.S. retail merchandising activities to its current retail sales agent, Acosta Sales and Marketing, and eliminated approximately 190 positions.

• In connection with exiting the Russian market, the company eliminated approximately 50 positions. The exit process commenced in 2011 and was substantially completed in 2012.

In 2012, the company recorded a restructuring charge of $10 ($6 after tax or $.02 per share) related to these initiatives. Of the amount recorded in 2012, $9 ($6 after tax or $.02 per share) was recorded through the end of the third quarter. In the fourth quarter of 2011, the company recorded a restructuring charge of $63 ($41 after tax or $.12 per share). A summary of the pre-tax charges and remaining costs associated with the initiatives is as follows:

	Total Program		Recognized as of April 28, 2013			Remaining Costs to be Recognized
Severance pay and benefits	$	41	$	(41	)	$	—
Asset impairment/accelerated depreciation	23		(23		)	—
Other exit costs	10		(9		)	1
Total	$	74	$	(73	)	$	1

Of the aggregate $74 of pre-tax costs, approximately $50 represents cash expenditures, the majority of which was spent in 2012. In addition, the company expects to invest approximately $40 in capital expenditures in connection with the actions, of which approximately $31 has been invested as of April 28, 2013.

A summary of the restructuring activity and related reserves associated with these initiatives at April 28, 2013 is as follows:

			Nine Months Ended
			April 28, 2013
	Accrued Balance at				Cash			Foreign  Currency Translation		Accrued Balance at
	July 29, 2012		Charges		Payments			Adjustment		April 28, 2013
Severance pay and benefits	$	14	$	—	$	(9	)	$	—	$	5
Other exit costs	2		—		—			—		2
	$	16	$	—	$	(9	)	$	—	$	7

A summary of restructuring charges incurred to date associated with each segment is as follows:

	U.S. Simple Meals		Global Baking and Snacking		International Simple Meals and Beverages		U.S. Beverages		Bolthouse and Foodservice		Corporate		Total
Severance pay and benefits	$	10	$	14	$	11	$	3	$	1	$	2	$	41
Asset impairment/accelerated depreciation	20		—		3		—		—		—		23
Other exit costs	2		—		3		—		—		4		9
	$	32	$	14	$	17	$	3	$	1	$	6	$	73

The company expects to incur additional pre-tax costs of approximately $1 in the U.S. Simple Meals segment. Segment operating results do not include restructuring charges as segment performance is evaluated excluding such charges.

XML

Financial Instruments (Schedule Of The Fair Value Of Derivative Instruments) (Details) (USD $) In Millions, unless otherwise specified	Apr. 28, 2013	Jul. 29, 2012
Derivatives, Fair Value [Line Items]
Asset Derivatives	$ 15	$ 45
Liability Derivatives	79	83
Cash Flow Hedging [Member] | Cross-Currency Swap Contracts [Member] | Accrued Liabilities [Member]
Derivatives, Fair Value [Line Items]
Liability Derivatives	23	0
Cash Flow Hedging [Member] | Cross-Currency Swap Contracts [Member] | Other Liabilities [Member]
Derivatives, Fair Value [Line Items]
Liability Derivatives	0	25
Cash Flow Hedging [Member] | Foreign Exchange Forward Contracts [Member] | Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives	0	1
Cash Flow Hedging [Member] | Foreign Exchange Forward Contracts [Member] | Accrued Liabilities [Member]
Derivatives, Fair Value [Line Items]
Liability Derivatives	1	0
Cash Flow Hedging [Member] | Interest Rate Swap [Member] | Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives	0	1
Cash Flow Hedging [Member] | Interest Rate Swap [Member] | Other Assets [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives	3	1
Fair Value Hedging [Member] | Interest Rate Swap [Member] | Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives	4	4
Fair Value Hedging [Member] | Interest Rate Swap [Member] | Other Assets [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives	0	9
Derivatives Designated As Hedges [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives	7	16
Liability Derivatives	24	25
Derivatives Not Designated As Hedges [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives	8	29
Liability Derivatives	55	58
Derivatives Not Designated As Hedges [Member] | Commodity Derivative Contracts [Member] | Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives	3	8
Derivatives Not Designated As Hedges [Member] | Commodity Derivative Contracts [Member] | Accrued Liabilities [Member]
Derivatives, Fair Value [Line Items]
Liability Derivatives	6	4
Derivatives Not Designated As Hedges [Member] | Cross-Currency Swap Contracts [Member] | Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives	4	19
Derivatives Not Designated As Hedges [Member] | Cross-Currency Swap Contracts [Member] | Accrued Liabilities [Member]
Derivatives, Fair Value [Line Items]
Liability Derivatives	48	25
Derivatives Not Designated As Hedges [Member] | Cross-Currency Swap Contracts [Member] | Other Liabilities [Member]
Derivatives, Fair Value [Line Items]
Liability Derivatives	1	29
Derivatives Not Designated As Hedges [Member] | Foreign Exchange Forward Contracts [Member] | Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives	0	1
Derivatives Not Designated As Hedges [Member] | Deferred Compensation Derivative Contracts [Member] | Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives	$ 1	$ 1

XML

Earnings Per Share (Tables)

9 Months Ended

Apr. 28, 2013

Earnings Per Share [Abstract]

Computation Of Basic And Diluted Earnings Per Share

The computation of basic and diluted earnings per share attributable to common shareowners is as follows:

	Three Months Ended					Nine Months Ended
	April 28, 2013		April 29, 2012			April 28, 2013		April 29, 2012
Net earnings attributable to Campbell Soup Company	$	181	$	177		$	616	$	647
Less: net earnings allocated to participating securities	—		(1		)	—		(3		)
Net earnings available to Campbell Soup Company common shareowners	$	181	$	176		$	616	$	644
Weighted average shares outstanding — basic	314		316			314		318
Effect of dilutive securities: stock options and other share-based payment awards	3		2			3		2
Weighted average shares outstanding — diluted	317		318			317		320
Net earnings attributable to Campbell Soup Company per common share:
Basic	$	.58	$	.56		$	1.96	$	2.03
Diluted	$	.57	$	.55		$	1.94	$	2.01

There were no antidilutive stock options for the three-month and nine-month periods ended April 28, 2013 and April 29, 2012.

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Accumulated Other Comprehensive Income (Loss) Accumulated Other Comprehensive Income (Loss) (Schecule of amounts reclassified from AOCI) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended				9 Months Ended
	Apr. 28, 2013		Apr. 29, 2012		Apr. 28, 2013		Apr. 29, 2012
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, before Tax [Abstract]
Reclassification adjustment for (gains) losses included in net earnings, before tax			$ (6)		$ 1		$ 2
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, before Tax, [Abstract]
Reclassification of prior service credit included in net earnings, before tax					(2)	[1]	(1)	[1]
Reclassification of net actuarial loss included in net earnings before tax	31	[1]	21	[1]	93	[1]	62	[1]
Total Pension and Other Postretirement Benefit amortization included in net earnings, before Tax	31		21		91		61
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Tax Effect [Abstract]
Reclassification adjustment for (gains) losses included in net earnings, tax (expense) benefit			2
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Tax [Abstract]
Total Pension and Other Postretirement Benefit amortization included in net earnings, tax expense (benefit)	(11)		(7)		(32)		(22)
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax [Abstract]
Reclassification adjustment for (gains) losses included in net earnings, after-tax			(4)		1		2
Pension and other postretirement liability adjustments, after-tax [Abstract]
Total Pension and Other Postretirement Benefit amortization included in net earnings, net of tax	20		14		59		39
Foreign Exchange Contract [Member] | Cost Of Products Sold [Member]
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, before Tax [Abstract]
Reclassification adjustment for (gains) losses included in net earnings, before tax	(1)		(6)		(2)
Interest Rate Swap [Member] | Interest Expense [Member]
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, before Tax [Abstract]
Reclassification adjustment for (gains) losses included in net earnings, before tax	$ 1				$ 3		$ 2

[1] These items are included in the components of net periodic benefit costs (see Note 10 for additional details).

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Pension And Postretirement Benefits

9 Months Ended

Apr. 28, 2013

General Discussion of Pension and Other Postretirement Benefits [Abstract]

Pension And Postretirement Benefits

Pension and Postretirement Benefits

The company sponsors certain defined benefit pension plans and postretirement benefit plans for employees. Components of benefit expense were as follows:

	Three Months Ended										Nine Months Ended
	Pension						Postretirement				Pension						Postretirement
	April 28, 2013			April 29, 2012			April 28, 2013		April 29, 2012		April 28, 2013			April 29, 2012			April 28, 2013			April 29, 2012
Service cost	$	15		$	14		$	1	$	—	$	43		$	41		$	3		$	2
Interest cost	27			31			3		4		81			92			11			13
Expected return on plan assets	(44		)	(44		)	—		—		(133		)	(133		)	—			—
Amortization of prior service credit	—			—			—		—		(1		)	—			(1		)	(1		)
Recognized net actuarial loss	27			18			4		3		81			55			11			7
Curtailment loss	—			—			—		—		3			—			—			—
Net periodic benefit expense	$	25		$	19		$	8	$	7	$	74		$	55		$	24		$	21

The curtailment loss of $3 related to the planned closure of the plant in Mexico and was included in the Restructuring charges. See also Note 7.

A contribution of $75 was made to U.S. pension plans and contributions of $8 were made to non-U.S. pension plans during the nine-month period ended April 28, 2013. Additional contributions to U.S. pension plans are not expected this year. Contributions to non-U.S. pension plans are expected to be approximately $4 during the remainder of the year.

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Supplemental Cash Flow Information (Schedule Of Statements Of Cash Flows) (Details) (USD $) In Millions, unless otherwise specified	9 Months Ended
	Apr. 28, 2013	Apr. 29, 2012
Supplemental Cash Flow Information [Abstract]
Benefit related payments	$ (42)	$ (75)
Other	(2)	(4)
Total other cash used in operating activities	$ (44)	$ (79)

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Business And Geographic Segment Information

9 Months Ended

Apr. 28, 2013

Business And Geographic Segment Information [Abstract]

Business and Geographic Segment Information

Business and Geographic Segment Information

The company manages operations through 13 operating segments based on product type and geographic location and has aggregated the operating segments into the appropriate reportable segment based on similar economic characteristics; products; production processes; types or classes of customers; distribution methods; and regulatory environment. The reportable segments are discussed in greater detail below.

The U.S. Simple Meals segment aggregates the following operating segments: U.S. Soup and U.S. Sauces. The U.S. Soup retail business includes the following products: Campbell’s condensed and ready-to-serve soups; and Swanson broth and stocks. The U.S. Sauces retail business includes the following products: Prego pasta sauces; Pace Mexican sauces; Campbell’s canned gravies, pasta and beans; and Swanson canned poultry.

The Global Baking and Snacking segment aggregates the following operating segments: Pepperidge Farm cookies, crackers, bakery and frozen products in U.S. retail; and Arnott’s biscuits in Australia and Asia Pacific.

The International Simple Meals and Beverages segment aggregates operating segments outside of the U.S., including Europe, the retail business in Canada, and the businesses in Asia Pacific, Latin America and China.

The U.S. Beverages segment represents the U.S. retail beverages business, including the following products: V8 juices and beverages; and Campbell’s tomato juice.

Bolthouse and Foodservice comprises the Bolthouse Farms carrot products operating segment, including fresh carrots, juice concentrate and fiber; the Bolthouse Farms super-premium refrigerated beverages and refrigerated salad dressings operating segment; and the North America Foodservice operating segment. The North America Foodservice operating segment represents the distribution of products such as soup, specialty entrées, beverage products, other prepared foods and Pepperidge Farm products through various food service channels in the U.S. and Canada. None of these operating segments meets the criteria for aggregation nor the thresholds for separate disclosure.  

The company evaluates segment performance before interest, taxes and costs associated with restructuring activities. Unrealized gains and losses on commodity hedging activities are excluded from segment operating earnings and are recorded in Corporate expenses as these open positions represent hedges of future purchases. Upon closing of the contracts, the realized gain or loss is transferred to segment operating earnings, which allows the segments to reflect the economic effects of the hedge without exposure to quarterly volatility of unrealized gains and losses. Certain manufacturing, warehousing and distribution activities of the segments are integrated in order to maximize efficiency and productivity. As a result, asset information by segment is not discretely maintained for internal reporting or used in evaluating performance.

	Three Months Ended				Nine Months Ended
	April 28, 2013		April 29, 2012		April 28, 2013		April 29, 2012
Net sales
U.S. Simple Meals	$	627	$	567	$	2,356	$	2,265
Global Baking and Snacking	568		543		1,703		1,637
International Simple Meals and Beverages	357		349		1,116		1,110
U.S. Beverages	198		208		569		593
Bolthouse and Foodservice	344		154		1,019		489
Total	$	2,094	$	1,821	$	6,763	$	6,094

	Three Months Ended						Nine Months Ended
	April 28, 2013			April 29, 2012			April 28, 2013			April 29, 2012
Earnings before interest and taxes
U.S. Simple Meals	$	156		$	120		$	621		$	554
Global Baking and Snacking	73			73			232			232
International Simple Meals and Beverages	40			37			141			138
U.S. Beverages	33			45			100			109
Bolthouse and Foodservice	27			20			91			75
Corporate(1)	(56		)	(27		)	(196		)	(90		)
Restructuring charges(2)	(1		)	(4		)	(31		)	(9		)
Total	$	272		$	264		$	958		$	1,009

_______________________________________

(1) Represents unallocated corporate expenses. Restructuring-related costs of $20 and $81 were included in unallocated corporate expenses for the three- and nine-month periods ended April 28, 2013, respectively. In addition, unallocated corporate expenses included $10 of acquisition costs in the nine-month period ended April 28, 2013.

(2) See Note 7 for additional information.

The company’s global net sales based on product categories are as follows:

	Three Months Ended				Nine Months Ended
	April 28, 2013		April 29, 2012		April 28, 2013		April 29, 2012
Net sales
Simple Meals	$	1,171	$	985	$	4,042	$	3,618
Baked Snacks	602		576		1,806		1,735
Beverages	321		260		915		741
Total	$	2,094	$	1,821	$	6,763	$	6,094

Simple Meals include condensed and ready-to-serve soups, broths, sauces, carrot products, and refrigerated salad dressings. Baked Snacks include cookies, crackers, biscuits, and other baked products.

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Basis of Presentation and Significant Accounting Policies

9 Months Ended

Apr. 28, 2013

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis of Presentation and Significant Accounting Policies

Basis of Presentation and Significant Accounting Policies

The financial statements reflect all adjustments which are, in the opinion of management, necessary for a fair presentation of the results of operations, financial position, and cash flows for the indicated periods. The accounting policies used in preparing these financial statements are consistent with those applied in the Annual Report on Form 10-K for the year ended July 29, 2012. The results for the period are not necessarily indicative of the results to be expected for other interim periods or the full year.

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Restructuring Charges Restructuring Charges (Schedule Of Pre-Tax Charges And Remaining Costs 2011 Iniative) (Details) (2011 Initiatives [Member], USD $) In Millions, unless otherwise specified	22 Months Ended
	Apr. 28, 2013
Restructuring Cost and Reserve [Line Items]
Total Program	$ 74
Recognized as of end of period	(73)
Remaining Costs to be Recognized	1
Severance Pay And Benefits [Member]
Restructuring Cost and Reserve [Line Items]
Total Program	41
Recognized as of end of period	(41)
Remaining Costs to be Recognized
Asset Impairment Accelerated Depreciation [Member]
Restructuring Cost and Reserve [Line Items]
Total Program	23
Recognized as of end of period	(23)
Remaining Costs to be Recognized
Other Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Total Program	10
Recognized as of end of period	(9)
Remaining Costs to be Recognized	$ 1

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Business And Geographic Segment Information (Schedule Of Segment Reporting - Net Sales) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Apr. 28, 2013	Apr. 29, 2012	Apr. 28, 2013	Apr. 29, 2012
Segment Reporting Information [Line Items]
Net sales	$ 2,094	$ 1,821	$ 6,763	$ 6,094
U.S. Simple Meals [Member]
Segment Reporting Information [Line Items]
Net sales	627	567	2,356	2,265
Global Baking And Snacking [Member]
Segment Reporting Information [Line Items]
Net sales	568	543	1,703	1,637
International Simple Meals And Beverages [Member]
Segment Reporting Information [Line Items]
Net sales	357	349	1,116	1,110
U.S. Beverages [Member]
Segment Reporting Information [Line Items]
Net sales	198	208	569	593
Bolthouse and Foodservice [Member]
Segment Reporting Information [Line Items]
Net sales	$ 344	$ 154	$ 1,019	$ 489

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Fair Value Measurements (Tables)

9 Months Ended

Apr. 28, 2013

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fair Value Measurements Of Assets And Liabilities

The following table presents the company’s financial assets and liabilities that are measured at fair value on a recurring basis as of April 28, 2013, and July 29, 2012, consistent with the fair value hierarchy:

	Fair Value as of April 28, 2013		Fair Value Measurements at April 28, 2013 Using Fair Value Hierarchy						Fair Value as of July 29, 2012		Fair Value Measurements at July 29, 2012 Using Fair Value Hierarchy
			Level 1		Level 2		Level 3				Level 1		Level 2		Level 3
Assets
Interest rate swaps(1)	$	4	$	—	$	4	$	—	$	13	$	—	$	13	$	—
Forward starting interest rate swaps(1)	3		—		3		—		2		—		2		—
Foreign exchange forward contracts(2)	—		—		—		—		2		—		2		—
Cross-currency swap contracts(3)	4		—		4		—		19		—		19		—
Commodity derivative contracts(4)	3		2		1		—		8		5		3		—
Deferred compensation derivative contracts(5)	1		—		1		—		1		—		1		—
Total assets at fair value	$	15	$	2	$	13	$	—	$	45	$	5	$	40	$	—

	Fair Value as of April 28, 2013		Fair Value Measurements at April 28, 2013 Using Fair Value Hierarchy						Fair Value as of July 29, 2012		Fair Value Measurements at July 29, 2012 Using Fair Value Hierarchy
			Level 1		Level 2		Level 3				Level 1		Level 2		Level 3
Liabilities
Foreign exchange forward contracts(2)	$	1	$	—	$	1	$	—	$	—	$	—	$	—	$	—
Cross-currency swap contracts(3)	72		—		72		—		79		—		79		—
Commodity derivative contracts(4)	6		4		2		—		4		2		2		—
Deferred compensation obligation(6)	119		119		—		—		109		109		—		—
Total liabilities at fair value	$	198	$	123	$	75	$	—	$	192	$	111	$	81	$	—

___________________________________

(1) Based on LIBOR swap rates.

(2) Based on observable market transactions of spot currency rates and forward rates.

(3) Based on observable local benchmarks for currency and interest rates.

(4) Based on quoted futures exchanges and on observable prices of futures and options transactions in the marketplace.

(5) Based on LIBOR and equity index swap rates.

(6) Based on the fair value of the participants’ investments.

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Fair Value Measurements Fair Value Measurements Narrative (Details) (USD $) In Millions, unless otherwise specified	Apr. 28, 2013	Jul. 29, 2012
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash Equivalents, at Carrying Value	$ 225	$ 80
Long-term Debt	3,250	2,408
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	225	80
Long-term Debt, Fair Value	$ 3,453	$ 2,663

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Pension And Postretirement Benefits (Schedule Of Components of Benefit Expense) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Apr. 28, 2013	Apr. 29, 2012	Apr. 28, 2013	Apr. 29, 2012
Pension Plans, Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 15	$ 14	$ 43	$ 41
Interest cost	27	31	81	92
Expected return on plan assets	(44)	(44)	(133)	(133)
Amortization of Prior Service Cost (Credit)	0	0	(1)	0
Recognized net actuarial loss	27	18	81	55
Curtailment loss			3
Net periodic benefit expense	25	19	74	55
Other Postretirement Benefit Plans, Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	1	0	3	2
Interest cost	3	4	11	13
Expected return on plan assets	0	0	0	0
Amortization of Prior Service Cost (Credit)	0	0	(1)	(1)
Recognized net actuarial loss	4	3	11	7
Net periodic benefit expense	$ 8	$ 7	$ 24	$ 21

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Fair Value Measurements

9 Months Ended

Apr. 28, 2013

Fair Value Disclosures [Abstract]

Fair Value Measurements

Fair Value Measurements

The company is required to categorize financial assets and liabilities based on the following fair value hierarchy:

• Level 1: Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets.

• Level 2: Inputs other than quoted prices included in Level 1 that are observable for the asset or liability through corroboration with observable market data.

• Level 3: Unobservable inputs that reflect the reporting entity’s own assumptions.

Fair value is defined as the exit price, or the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants as of the measurement date. When available, the company uses unadjusted quoted market prices to measure the fair value and classifies such items as Level 1. If quoted market prices are not available, the company bases fair value upon internally developed models that use current market-based or independently sourced market parameters such as interest rates and currency rates. Included in the fair value of derivative instruments is an adjustment for credit and nonperformance risk.

Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following table presents the company’s financial assets and liabilities that are measured at fair value on a recurring basis as of April 28, 2013, and July 29, 2012, consistent with the fair value hierarchy:

	Fair Value as of April 28, 2013		Fair Value Measurements at April 28, 2013 Using Fair Value Hierarchy						Fair Value as of July 29, 2012		Fair Value Measurements at July 29, 2012 Using Fair Value Hierarchy
			Level 1		Level 2		Level 3				Level 1		Level 2		Level 3
Assets
Interest rate swaps(1)	$	4	$	—	$	4	$	—	$	13	$	—	$	13	$	—
Forward starting interest rate swaps(1)	3		—		3		—		2		—		2		—
Foreign exchange forward contracts(2)	—		—		—		—		2		—		2		—
Cross-currency swap contracts(3)	4		—		4		—		19		—		19		—
Commodity derivative contracts(4)	3		2		1		—		8		5		3		—
Deferred compensation derivative contracts(5)	1		—		1		—		1		—		1		—
Total assets at fair value	$	15	$	2	$	13	$	—	$	45	$	5	$	40	$	—

	Fair Value as of April 28, 2013		Fair Value Measurements at April 28, 2013 Using Fair Value Hierarchy						Fair Value as of July 29, 2012		Fair Value Measurements at July 29, 2012 Using Fair Value Hierarchy
			Level 1		Level 2		Level 3				Level 1		Level 2		Level 3
Liabilities
Foreign exchange forward contracts(2)	$	1	$	—	$	1	$	—	$	—	$	—	$	—	$	—
Cross-currency swap contracts(3)	72		—		72		—		79		—		79		—
Commodity derivative contracts(4)	6		4		2		—		4		2		2		—
Deferred compensation obligation(6)	119		119		—		—		109		109		—		—
Total liabilities at fair value	$	198	$	123	$	75	$	—	$	192	$	111	$	81	$	—

___________________________________

(1) Based on LIBOR swap rates.

(2) Based on observable market transactions of spot currency rates and forward rates.

(3) Based on observable local benchmarks for currency and interest rates.

(4) Based on quoted futures exchanges and on observable prices of futures and options transactions in the marketplace.

(5) Based on LIBOR and equity index swap rates.

(6) Based on the fair value of the participants’ investments.

Fair Value of Financial Instruments

The carrying value of cash and cash equivalents, accounts receivable, accounts payable and short-term borrowings, excluding the current portion of long-term debt, approximate fair value. Cash equivalents of $225 at April 28, 2013 and $80 at July 29, 2012 represent fair value as these highly liquid investments have an original maturity of three months or less. Fair value of cash equivalents is based on Level 2 inputs. The fair value of long-term debt, including the current portion of long-term debt in Short-term borrowings, was $3,453 at April 28, 2013 and $2,663 at July 29, 2012. The carrying value was $3,250 at April 28, 2013 and $2,408 at July 29, 2012. The fair value of long-term debt is principally estimated using Level 2 inputs based on quoted market prices or pricing models using current market rates.

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Noncontrolling Interests

9 Months Ended

Apr. 28, 2013

Income Amounts Attributable to Noncontrolling Interest, Disclosures [Abstract]

Noncontrolling Interest

Noncontrolling Interests

The company owns a 60% controlling interest in a joint venture formed with Swire Pacific Limited to support the development of the company’s business in China. The joint venture began operations on January 31, 2011. In February 2013, the company and joint venture partner contributed additional cash of $5 and $3, respectively. The noncontrolling interest’s share in the net loss was included in Net earnings (loss) attributable to noncontrolling interests in the Consolidated Statements of Earnings.

The company owns a 70% controlling interest in a Malaysian food products manufacturing company. The earnings attributable to the noncontrolling interest were not material in 2013 or 2012.

The noncontrolling interests in these entities were included in Total equity in the Consolidated Balance Sheets and Consolidated Statements of Equity.

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Share Repurchases (Details) (USD $) In Millions, unless otherwise specified	9 Months Ended			22 Months Ended	9 Months Ended
	Apr. 28, 2013	Apr. 29, 2012	Apr. 29, 2012 June 2011 Program [Member]	Apr. 28, 2013 June 2011 Program [Member]	Apr. 28, 2013 Treasury Stock [Member]	Apr. 29, 2012 Treasury Stock [Member]
Statement [Line Items]
Treasury stock retired, shares	219				219
Authorized amount for shares repurchase				$ 1,000
Shares repurchased, shares					4	8
Shares repurchased, value	(139)	(272)	(181)		(139)	(272)
Stock Repurchase Program, Remaining Authorized Repurchase Amount				$ 750

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Inventories

9 Months Ended

Apr. 28, 2013

Inventory, Net [Abstract]

Inventories

Inventories

	April 28, 2013		July 29, 2012
Raw materials, containers and supplies	$	359	$	277
Finished products	529		437
Total inventories	$	888	$	714

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Share Repurchases

9 Months Ended

Apr. 28, 2013

Equity [Abstract]

Share Repurchases

Share Repurchases

In December 2012, 219 million shares held as treasury stock were retired and returned to unissued status.

In June 2011, the Board authorized the purchase of up to $1,000 of company stock. This program has no expiration date. The company suspended purchases under this program in July 2012. Approximately $750 remained available under this program as of April 28, 2013. The company also repurchases shares to offset the impact of dilution from shares issued under the company’s stock compensation plans. During the nine-month period ended April 28, 2013, the company repurchased approximately 4 million shares at a cost of $139.

During the nine-month period ended April 29, 2012, the company repurchased 8 million shares at a cost of $272. Of this amount, $181 was used to repurchase shares pursuant to the company’s June 2011 publicly announced share repurchase program.

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Document and Entity Information Document	9 Months Ended
	Apr. 28, 2013	May 30, 2013
Entity Information [Line Items]
Entity Registrant Name	CAMPBELL SOUP CO
Entity Central Index Key	0000016732
Current Fiscal Year End Date	--07-28
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Apr. 28, 2013
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Common Stock, Shares Outstanding		313,144,813
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes

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Stock-based Compensation

9 Months Ended

Apr. 28, 2013

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock-Based Compensation

Stock-based Compensation

The company provides compensation benefits by issuing unrestricted stock, restricted stock and restricted stock units (including time-lapse restricted stock units, EPS performance restricted stock units, total shareowner return (TSR) performance restricted stock units and strategic performance restricted stock units). In 2013, the company issued time-lapse restricted stock units, EPS performance restricted stock units, TSR performance restricted stock units and strategic performance restricted stock units. The company did not issue TSR performance restricted stock units in 2012. In previous years, the company also issued stock options and stock appreciation rights.

Total pre-tax stock-based compensation expense recognized in the Consolidated Statements of Earnings was $31 and $17 for the three-month periods ended April 28, 2013, and April 29, 2012, respectively. Tax-related benefits of $12 and $6 were also recognized for the three-month periods ended April 28, 2013, and April 29, 2012, respectively. Total pre-tax stock-based compensation expense recognized in the Consolidated Statements of Earnings was $82 and $62 for the nine-month periods ended April 28, 2013, and April 29, 2012, respectively. Tax-related benefits of $31 and $23 were also recognized for the nine-month periods ended April 28, 2013, and April 29, 2012, respectively. Cash received from the exercise of stock options was $78 and $94 for the nine-month periods ended April 28, 2013, and April 29, 2012, respectively, and is reflected in cash flows from financing activities in the Consolidated Statements of Cash Flows.

The following table summarizes stock option activity as of April 28, 2013:

	Options		Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Life	Aggregate Intrinsic Value
	(Options in thousands)				(In years)
Outstanding at July 29, 2012	4,254		$	26.73
Granted	—		$	—
Exercised	(2,948	)	$	26.54
Terminated	(7	)	$	26.36
Outstanding at April 28, 2013	1,299		$	27.16	1.4	$	25
Exercisable at April 28, 2013	1,299		$	27.16	1.4	$	25

The total intrinsic value of options exercised during the nine-month periods ended April 28, 2013, and April 29, 2012, was $32 and $24, respectively. As of January 2009, compensation related to stock options was fully expensed. The company measured the fair value of stock options using the Black-Scholes option pricing model.

The following table summarizes time-lapse restricted stock units, EPS performance restricted stock units and strategic performance restricted stock units as of April 28, 2013:

	Units		Weighted- Average Grant-Date Fair Value
	(Restricted stock units in thousands)
Nonvested at July 29, 2012	3,951		$	33.19
Granted	1,927		$	35.13
Vested	(1,128	)	$	33.44
Forfeited	(171	)	$	33.52
Nonvested at April 28, 2013	4,579		$	33.95

The fair value of time-lapse restricted stock units, EPS performance restricted stock units, and strategic performance restricted stock units is determined based on the quoted price of the company’s stock at the date of grant. Time-lapse restricted stock units are expensed on a straight-line basis over the vesting period, except for awards issued to retirement-eligible participants, which are expensed on an accelerated basis. EPS performance restricted stock units are expensed on a graded-vesting basis, except for awards issued to retirement-eligible participants, which are expensed on an accelerated basis. There were approximately 269 thousand EPS performance target grants outstanding at April 28, 2013 with a weighted-average grant-date fair value of $34.29. Strategic performance restricted stock units are expensed on a straight-line basis over the service period. Awards of the strategic performance restricted stock units will be earned based upon the achievement of two key metrics, net sales and EPS growth, compared to strategic plan objectives during a two-year period. There were approximately 1.8 million strategic performance target grants outstanding at April 28, 2013 with a weighted-average grant-date fair value of $33.22. The actual number of EPS performance restricted stock units and strategic performance restricted stock units issued at the vesting date could range from 0% to 100% and 0% to 200%, respectively, of the initial grant, depending on actual performance achieved. Expense is estimated based on the number of awards expected to vest.

On July 1, 2011, the company issued approximately 400 thousand special retention time-lapse restricted stock units to certain executives to support successful execution of the company’s shift in strategic direction and leadership transition. These awards vest over a period of two years and are included in the table above. The grant-date fair value was $34.65.

As of April 28, 2013, total remaining unearned compensation related to nonvested time-lapse restricted stock units, EPS performance restricted stock units and strategic performance restricted stock units was $63, which will be amortized over the weighted-average remaining service period of 1.5 years. The fair value of restricted stock units vested during the nine-month periods ended April 28, 2013, and April 29, 2012, was $39 and $37, respectively. The weighted-average grant-date fair value of the restricted stock units granted during nine-month period ended April 29, 2012 was $32.38.

The following table summarizes TSR performance restricted stock units as of April 28, 2013:

	Units		Weighted- Average Grant-Date Fair Value
	(Restricted stock units in thousands)
Nonvested at July 29, 2012	2,143		$	37.94
Granted	582		$	39.76
Vested	—		$	—
Forfeited	(1,247	)	$	34.14
Nonvested at April 28, 2013	1,478		$	41.86

The company estimated the fair value of TSR performance restricted stock units at the grant date using a Monte Carlo simulation. Assumptions used in the Monte Carlo simulation were as follows:

	2013
Risk-free interest rate	0.30%
Expected dividend yield	3.26%
Expected volatility	15.07%
Expected term	3 years

Compensation expense is recognized on a straight-line basis over the service period. As of April 28, 2013, total remaining unearned compensation related to TSR performance restricted stock units was $22, which will be amortized over the weighted-average remaining service period of 1.9 years. In the first quarter of 2013, recipients of TSR performance restricted stock units earned 0% of the initial grants based upon the company’s TSR ranking in a performance peer group during a three-year period ended July 27, 2012. There were no TSR performance restricted stock units granted during 2012.

The excess tax benefits on the exercise of stock options and vested restricted stock presented as cash flows from financing activities for the nine-month periods ended April 28, 2013 and April 29, 2012 were $9 and $6, respectively.

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Financial Instruments (Narrative) (Details) (USD $) In Millions, unless otherwise specified	9 Months Ended		3 Months Ended		9 Months Ended		3 Months Ended		9 Months Ended			3 Months Ended		9 Months Ended				9 Months Ended		9 Months Ended		9 Months Ended		12 Months Ended
	Apr. 28, 2013	Apr. 28, 2013 Foreign Exchange Forward [Member]	Apr. 28, 2013 Currency Swap [Member]	Apr. 29, 2012 Currency Swap [Member]	Apr. 28, 2013 Currency Swap [Member]	Apr. 29, 2012 Currency Swap [Member]	Apr. 28, 2013 Foreign Exchange Contract [Member]	Apr. 29, 2012 Foreign Exchange Contract [Member]	Apr. 28, 2013 Foreign Exchange Contract [Member]	Apr. 29, 2012 Foreign Exchange Contract [Member]	Jul. 29, 2012 Foreign Exchange Contract [Member]	Apr. 28, 2013 Interest Rate Swap [Member]	Apr. 29, 2012 Interest Rate Swap [Member]	Apr. 28, 2013 Interest Rate Swap [Member]	Apr. 29, 2012 Interest Rate Swap [Member]	Apr. 28, 2013 Commodity Derivative Contracts [Member]	Jul. 29, 2012 Commodity Derivative Contracts [Member]	Apr. 28, 2013 Deferred Compensation Derivative Contracts [Member]	Jul. 29, 2012 Deferred Compensation Derivative Contracts [Member]	Apr. 28, 2013 Fair Value Hedging [Member] Interest Rate Swap [Member]	Jul. 29, 2012 Fair Value Hedging [Member] Interest Rate Swap [Member]	Apr. 28, 2013 Cash Flow Hedging [Member] Interest Rate Swap [Member]	Jul. 29, 2012 Cash Flow Hedging [Member] Interest Rate Swap [Member]	Jul. 29, 2012 Wal-Mart Stores, Inc. [Member]
Derivatives, Fair Value [Line Items]
Entity Wide Revenue, Major Customer, Percentage Of Net Sales																								17.00%
Contracts Mature Within, Months		18
Notional Amount of Foreign Currency Cash Flow Hedge Derivatives							$ 148		$ 148		$ 156
Notional Amount, Foreign Currency Hedges Not Designated							843		843		908
Derivative, Lower Remaining Maturity Range					2 months
Derivative, Higher Remaining Maturity Range					26 months
Notional Amount of Interest Rate Swaps Fair Value Hedge Derivatives																				200	500
Derivative, Remaining Maturity																				5 months
Notional Amount of Interest Rate Cash Flow Hedge Derivatives																						250	600
DerivativeForwardInterestRateSettled																						400
Derivative instruments gain (loss) recognized in OCI			1	1	1	0	0	2	(1)	7		(6)	0	(1)	0							(2)
Maximum Length of Contract Maturity																18 months		12 months
Notional Amount of Price Risk Derivative Instruments Not Designated as Hedging Instruments																116	95	50	75
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months	$ (3)
Cash Flow Hedge Ineffectiveness is Immaterial	The ineffective portion and amount excluded from effectiveness testing were not material.

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Short-term Borrowings and Long-term Debt Short-term Borrowings and Long-term Debt (Narrative) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		0 Months Ended
	Apr. 28, 2013	Aug. 06, 2012	Aug. 02, 2012 Floating Rate Notes due August 1, 2014 [Member]	Aug. 02, 2012 Two Point Five Percent Notes due August 2, 2022 [Member]	Aug. 02, 2012 Three Point Eight Percent Notes due August 2, 2042 [Member]
Business Acquisition, Cost of Acquired Entity, Purchase Price		$ 1,550
Business Combination, Initial Purchase Price Adjustment		20
Business Combination, Purchase Price Adjustment	11
Debt Instrument, Face Amount			$ 400	$ 450	$ 400
Debt Instrument, Interest Rate Terms			LIBOR plus 0.3%
Debt Instrument, Interest Rate, Stated Percentage				2.50%	3.80%