Quarterly Data

12 Months Ended

Jul. 30, 2017

Quarterly Financial Data [Abstract]

Quarterly Data

Quarterly Data (unaudited)

	2017
	First		Second		Third		Fourth
Net sales	$	2,202	$	2,171	$	1,853	$	1,664
Gross profit	841		825		678		715
Net earnings attributable to Campbell Soup Company	292		101		176		318
Per share - basic
Net earnings attributable to Campbell Soup Company	.95		.33		.58		1.05
Dividends	.35		.35		.35		.35
Per share - assuming dilution
Net earnings attributable to Campbell Soup Company	.94		.33		.58		1.04
Market price
High	$	62.30	$	63.50	$	64.23	$	59.14
Low	$	52.74	$	52.59	$	56.05	$	50.62

	2017
	First		Second		Third		Fourth
In 2017, the following charges (gains) were recorded in Net earnings attributable to Campbell Soup Company:
Impairment charges	$	—	$	180	$	—	$	—
Restructuring charges, implementation costs and other related costs	6		—		4		26
Pension and postretirement benefit mark-to-market adjustments	13		—		—		(129		)
Sale of notes	—		—		—		(56		)
Per share - assuming dilution
Impairment charges	—		.58		—		—
Restructuring charges, implementation costs and other related costs	.02		—		.01		.09
Pension and postretirement benefit mark-to-market adjustments	.04		—		—		(.42		)
Sale of notes	—		—		—		(.18		)

	2016
	First		Second		Third		Fourth
Net sales	$	2,203	$	2,201	$	1,870	$	1,687
Gross profit	755		819		660		546
Net earnings (loss) attributable to Campbell Soup Company	194		265		185		(81		)
Per share - basic
Net earnings (loss) attributable to Campbell Soup Company	.63		.85		.60		(.26		)
Dividends	.312		.312		.312		.312
Per share - assuming dilution
Net earnings (loss) attributable to Campbell Soup Company	.62		.85		.59		(.26		)
Market price
High	$	52.37	$	56.63	$	65.48	$	67.89
Low	$	45.23	$	47.77	$	54.97	$	59.51

	2016
	First		Second			Third			Fourth
In 2016, the following charges (gains) were recorded in Net earnings attributable to Campbell Soup Company:
Impairment charge	$	—	$	—		$	—		$	127
Restructuring charges, implementation costs and other related costs	23		10			9			7
Pension and postretirement benefit mark-to-market adjustments	80		(4		)	34			90
Claim settlement	—		—			(25		)	—
Per share - assuming dilution
Impairment charge	—		—			—			.41
Restructuring charges, implementation costs and other related costs	.07		.03			.03			.02
Pension and postretirement benefit mark-to-market adjustments	.26		(.01		)	.11			.29
Claim settlement	—		—			(.08		)	—

In the fourth quarter of 2016, an out-of-period adjustment of $13 ($.04 per share) to increase taxes on earnings was recorded. The adjustment related to deferred tax expense that should have been provided on certain cross-currency swap contracts associated with intercompany debt. Most of the adjustment related to the third quarter of 2016. Management does not believe the adjustment is material to the consolidated financial statements for any period.