Exit, Disposal and Restructuring Activities (Tables)

12 Months Ended

Jun. 28, 2014

Summary Of Exit, Disposal And Restructuring Actions

The following is a summary of the expenses associated with all exit, disposal and ongoing restructuring actions, as well as where the costs are reflected in the Consolidated Statements of Income:

In millions	2014		2013		2012
Exit and business dispositions	$	14	$	9	$	81
Selling, general and administrative expenses	44		39		115
Decrease in income from continuing operations before income taxes	$	58	$	48	$	196

Impact Of Restructuring Actions On Corporate Business Segments And Unallocated Corporate Expenses

The impact of these actions on the company's business segments and unallocated corporate expenses is summarized as follows:

In millions	2014		2013			2012
Retail	$	9	$	(1	)	$	14
Foodservice/Other	2		(2		)	4
Expense (income) in operating segments	11		(3		)	18
General corporate expenses	47		51			178
Total	$	58	$	48		$	196

Net Charges For Exit Disposal And Transformation Actions And Related Reserve Status

The following table summarizes the activity during 2014 related to exit, disposal and restructuring related actions and the status of the related accruals as of June 28, 2014. The accrued amounts remaining represent the estimated cash expenditures necessary to satisfy remaining obligations. The majority of the cash payments to satisfy the accrued costs are expected to be paid in the next 12 months.

In millions	Employee termination and other benefits			IT and other costs			Non-cancellable leases/ contractual obligations			Total
Accrued costs as of June 29, 2013	$	10		$	5		$	23		$	38
Exit, disposal, and other costs (income) recognized during 2014	13			44			1			58
Cash payments	(9		)	(42		)	(19		)	(70		)
Noncash charges	—			(1		)	—			(1		)
Accrued costs as of June 28, 2014	$	14		$	6		$	5		$	25