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Segment Information (Tables)
12 Months Ended
Jul. 30, 2023
Segment Reporting [Abstract]  
Schedule Of Segment Reporting [Table Text Block]
(Millions)202320222021
Net sales
Meals & Beverages$4,907 $4,607 $4,621 
Snacks4,450 3,955 3,855 
Total$9,357 $8,562 $8,476 
(Millions)202320222021
Earnings before interest and taxes
Meals & Beverages$894 $874 $922 
Snacks640 517 514 
Corporate income (expense)(1)
(206)(223)130 
Restructuring charges(2)
(16)(5)(21)
Total$1,312 $1,163 $1,545 
(Millions)202320222021
Depreciation and amortization
Meals & Beverages$151 $131 $128 
Snacks211 185 169 
Corporate(3)
25 21 20 
Total$387 $337 $317 
(Millions)202320222021
Capital expenditures
Meals & Beverages$129 $76 $61 
Snacks199 120 153 
Corporate(3)
42 46 61 
Total$370 $242 $275 
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(1)Represents unallocated items. Pension and postretirement actuarial gains and losses are included in Corporate. There were actuarial gains of $15 million in 2023, losses of $44 million in 2022, and gains of $203 million in 2021. Costs related to the cost savings initiatives were $50 million, $26 million and $32 million in 2023, 2022 and 2021, respectively. Unrealized mark-to-market adjustments on outstanding undesignated commodity hedges were gains of $21 million in 2023, losses of $59 million in 2022, and gains of $50 million in 2021. Accelerated amortization expense related to customer relationship intangible assets was $7 million in 2023. A loss of $13 million on the sale of our Emerald nuts business was included in 2023. Transaction costs of $5 million associated with the pending acquisition of Sovos Brands, Inc. (Sovos Brands) was included in 2023. A loss of $11 million on the sale of our Plum baby food and snacks business was included in 2021.
(2)See Note 7 for additional information.
(3)Represents primarily corporate offices and enterprise-wide information technology systems.
Additional Product Information for Net Sales [Table Text Block]
Our net sales based on product categories are as follows:
(Millions)202320222021
Net sales
Soup$2,740 $2,615 $2,568 
Snacks4,643 4,103 3,989 
Other simple meals1,205 1,091 1,134 
Beverages769 753 785 
Total$9,357 $8,562 $8,476