Discontinued Operations (Tables)

3 Months Ended

Sep. 28, 2013

Discontinued Operations and Disposal Groups [Abstract]

Operating Results Of Discontinued Operations

The following is a summary of the operating results of the company’s discontinued operations for the first quarter of 2013:

	First Quarter 2013
(In millions)	Net Sales		Pretax Income		Net Income
Australian Bakery	$	37	$	3	$	2

Gain (Loss) On Sale Of Discontinued Operations

The following is a summary of the gain on sale of the company’s discontinued operations for the first quarter of 2013:

	First Quarter 2013
(In millions)	Pretax Gain on Sale		Tax Expense			After Tax Gain
North American Fresh Bakery	$	1	$	—		$	1
North American Foodservice Beverage	2		(1		)	1
Total	$	3	$	(1	)	$	2

Cash Flow Impacts Of Discontinued Operations

The cash flows related to the discontinued operations for the first quarter of 2013 are summarized in the table below:

	Quarter Ended
(In millions) – Increase / (Decrease)	September 29, 2012
Cash flow from operating activities	$	11
Cash flow from investing activities	7
Cash flow used in financing activities	(10		)
Increase in net cash of discontinued operations	8
Cash and cash equivalents at beginning of year	—
Cash and cash equivalents at end of period	$	8