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Quarterly Data
12 Months Ended
Aug. 02, 2015
Quarterly Financial Data [Abstract]  
Quarterly Data
Quarterly Data (unaudited)
 
2015
 
First
 
Second
 
Third
 
Fourth
Net sales
$
2,255

 
$
2,234

 
$
1,900

 
$
1,693

Gross profit
795

 
743

 
682

 
562

Net earnings attributable to Campbell Soup Company
248

 
222

 
179

 
17

Per share - basic
 
 
 
 
 
 
 
Net earnings attributable to Campbell Soup Company
.79

 
.71

 
.58

 
.05

Dividends
.312

 
.312

 
.312

 
.312

Per share - assuming dilution
 
 
 
 
 
 
 
Net earnings attributable to Campbell Soup Company
.78

 
.71

 
.57

 
.05

Market price
 
 
 
 
 
 
 
High
$
45.12

 
$
47.45

 
$
48.31

 
$
49.54

Low
$
41.15

 
$
42.70

 
$
44.45

 
$
44.92

 
2015
 
First
 
Second
 
Third
 
Fourth
In 2015, the following charges were recorded in Net earnings attributable to Campbell Soup Company:
 
 
 
 
 
 
 
Restructuring charges and implementation costs (see Note 8)
$

 
$

 
$
11

 
$
67

Pension and postretirement benefit mark-to-market adjustments
2

 

 
16

 
69

Per share - assuming dilution
 
 
 
 
 
 
 
Restructuring charges and implementation costs

 

 
.04

 
.21

 Pension and postretirement benefit mark-to-market adjustments
.01

 

 
.05

 
.22

 
2014
 
First
 
Second
 
Third
 
Fourth
Net sales
$
2,165

 
$
2,281

 
$
1,970

 
$
1,852

Gross profit
811

 
827

 
706

 
627

Earnings from continuing operations attributable to Campbell Soup Company
209

 
248

 
209

 
119

Earnings (loss) from discontinued operations
(9
)
 
90

 

 

Net earnings attributable to Campbell Soup Company
200

 
338

 
209

 
119

Per share - basic
 
 
 
 
 
 
 
Earnings from continuing operations attributable to Campbell Soup Company
.67

 
.79

 
.67

 
.38

Earnings (loss) from discontinued operations
(.03
)
 
.29

 

 

Net earnings attributable to Campbell Soup Company(1)
.64

 
1.08

 
.67

 
.38

Dividends
.312

 
.312

 
.312

 
.312

Per share - assuming dilution
 
 
 
 
 
 
 
Earnings from continuing operations attributable to Campbell Soup Company
.66

 
.78

 
.66

 
.38

Earnings (loss) from discontinued operations
(.03
)
 
.28

 

 

Net earnings attributable to Campbell Soup Company(1)
.63

 
1.07

 
.66

 
.38

Market price
 
 
 
 
 
 
 
High
$
48.08

 
$
43.70

 
$
45.48

 
$
46.67

Low
$
39.87

 
$
38.30

 
$
39.60

 
$
41.39

____________________________________ 
(1) 
The sum of the individual per share amounts may not add due to rounding.
 
2014
 
First
 
Second
 
Third
 
Fourth
In 2014, the following charges (gains) were recorded in Earnings from continuing operations:
 
 
 
 
 
 
 
Restructuring charges and related costs (see Note 8)
$
15

 
$
5

 
$
1

 
$
15

Pension and postretirement benefit mark-to-market adjustments
(13
)
 

 

 
32

Loss on foreign exchange forward contracts related to the sale of the European simple meals business (see Note 19)
6

 

 

 

Tax expense associated with the sale of the European simple meals business
7

 

 

 

Per share - assuming dilution
 
 
 
 
 
 
 
Restructuring charges and related costs
.05

 
.02

 

 
.05

Pension and postretirement benefit mark-to-market adjustments
(.04
)
 

 

 
.10

Loss on foreign exchange forward contracts related to the sale of the European simple meals business
.02

 

 

 

Tax expense associated with the sale of the European simple meals business
.02

 

 

 

In 2014, the following charges (gains) were recorded in Earnings (loss) from discontinuing operations:
 
 
 
 
 
 
 
Taxes, costs associated with the sale, and gain on sale of the European simple meals business (see Note 4)
$
18

 
$
(90
)
 

 

Per share - assuming dilution
 
 
 
 
 
 
 
Taxes, costs associated with the sale, and gain on sale of the European simple meals business (see Note 4)
.06

 
(.28
)
 

 

In 2016, we elected to change our method of accounting for the recognition of actuarial gains and losses for defined benefit pension and postretirement plans and the calculation of expected return on pension plan assets.The changes in policy were applied retrospectively to all periods presented. See Summary of Significant Accounting Policies for additional information.
The impacts of the changes in policy to the quarterly data are summarized below:
 
 
First Quarter 2015
 
Second Quarter 2015
 
 
Previously Reported
 
Effect of Accounting Change
 
Recast
 
Previously Reported
 
Effect of Accounting Change
 
Recast
Gross profit
 
$
783

 
$
12

 
$
795

 
$
728

 
$
15

 
$
743

Net earnings attributable to Campbell Soup Company
 
234

 
14

 
248

 
207

 
15

 
222

Per share data
 
 
 
 
 
 
 
 
 
 
 
 
Net earnings per share from continuing operations attributable to Campbell Soup Company - basic
 
.75

 
.04

 
.79

 
.66

 
.05

 
.71

Net earnings per share from continuing operations attributable to Campbell Soup Company - assuming dilution
 
.74

 
.04

 
.78

 
.66

 
.05

 
.71

 
 
 
 

 
 
 
 
 

 
 
 
 
Third Quarter 2015
 
Fourth Quarter 2015
 
 
Previously Reported
 
Effect of Accounting Change
 
Recast
 
Previously Reported
 
Effect of Accounting Change
 
Recast
Gross profit
 
$
682

 
$

 
$
682

 
$
612

 
$
(50
)
 
$
562

Net earnings attributable to Campbell Soup Company
 
182

 
(3
)
 
179

 
68

 
(51
)
 
17

Per share data
 
 
 
 
 
 
 
 
 
 
 
 
Net earnings per share from continuing operations attributable to Campbell Soup Company - basic
 
.59

 
(.01
)
 
.58

 
.22

 
(.17
)
 
.05

Net earnings per share from continuing operations attributable to Campbell Soup Company - assuming dilution
 
.58

 
(.01
)
 
.57

 
.22

 
(.17
)
 
.05

 
 
First Quarter 2014
 
Second Quarter 2014
 
 
Previously Reported
 
Effect of Accounting Change
 
Recast
 
Previously Reported
 
Effect of Accounting Change
 
Recast
Gross profit
 
$
777

 
$
34

 
$
811

 
$
814

 
$
13

 
$
827

Earnings from continuing operations attributable to Campbell Soup Company
 
181

 
28

 
209

 
235

 
13

 
248

Net earnings attributable to Campbell Soup Company
 
172

 
28

 
200

 
325

 
13

 
338

Per share data - basic
 
 
 
 
 
 
 
 
 
 
 
 
Earnings from continuing operations attributable to Campbell Soup Company
 
.58

 
.09

 
.67

 
.75

 
.04

 
.79

Net earnings per share from continuing operations attributable to Campbell Soup Company - basic
 
.55

 
.09

 
.64

 
1.04

 
.04

 
1.08

Per share data - dilution
 
 
 
 
 
 
 
 
 
 
 
 
Earnings from continuing operations attributable to Campbell Soup Company
 
.57

 
.09

 
.66

 
.74

 
.04

 
.78

Net earnings per share from continuing operations attributable to Campbell Soup Company - assuming dilution
 
.54

 
.09

 
.63

 
1.03

 
.04

 
1.07

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Third Quarter 2014
 
Fourth Quarter 2014
 
 
Previously Reported
 
Effect of Accounting Change
 
Recast
 
Previously Reported
 
Effect of Accounting Change
 
Recast
Gross Profit
 
$
676

 
$
30

 
$
706

 
$
631

 
$
(4
)
 
$
627

Earnings from continuing operations attributable to Campbell Soup Company
 
184

 
25

 
209

 
137

 
(18
)
 
119

Net earnings attributable to Campbell Soup Company
 
184

 
25

 
209

 
137

 
(18
)
 
119

Per share data - basic
 
 
 
 
 
 
 
 
 
 
 
 
Earnings from continuing operations attributable to Campbell Soup Company
 
.59

 
.08

 
.67

 
.44

 
(.06
)
 
.38

Net earnings per share from continuing operations attributable to Campbell Soup Company - basic
 
.59

 
.08

 
.67

 
.44

 
(.06
)
 
.38

Per share data - dilution
 
 
 

 
 
 
 
 

 
 
Earnings from continuing operations attributable to Campbell Soup Company
 
.58

 
.08

 
.66

 
.43

 
(.05
)
 
.38

Net earnings per share from continuing operations attributable to Campbell Soup Company - assuming dilution
 
.58

 
.08

 
.66

 
.43

 
(.05
)
 
.38