Business Segment Information (Tables)

12 Months Ended

Jun. 28, 2014

Reconciliation Of Sales And Operating Profit (Loss) From Segments To Consolidated

In millions	2014			2013			2012
Sales
Retail	$	2,992		$	2,894		$	2,884
Foodservice/Other	1,093			1,026			1,025
	4,085			3,920			3,909
Impact of businesses exited/disposed	—			—			55
Intersegment	—			—			(6		)
Total	$	4,085		$	3,920		$	3,958
In millions	2014			2013			2012
Income (loss) from Continuing Operations before Income Taxes
Retail	$	339		$	329		$	313
Foodservice/Other	87			75			79
Total operating segment income	426			404			392
General corporate expenses	(38		)	(36		)	(64		)
Mark-to-market derivative gain/(loss)	4			(1		)	(1		)
Amortization of intangibles	(5		)	(4		)	(4		)
Significant items	(81		)	(72		)	(255		)
Impact of businesses exited/disposed	—			6			8
Total operating income	306			297			76
Net interest expense	(39		)	(41		)	(72		)
Debt extinguishment costs	—			—			(39		)
Income (loss) from continuing operations before income taxes	$	267		$	256		$	(35	)

Reconciliation Of Assets, Depreciation And Additions To Long-Lived Assets From Segments To Consolidated

In millions	2014		2013		2012
Assets
Retail	$	1,560	$	1,273	$	1,279
Foodservice/Other	564		542		530
	2,124		1,815		1,809
Australian Bakery	—		—		58
Net assets held for sale/disposition	—		—		5
Other1	584		619		578
Total assets	$	2,708	$	2,434	$	2,450
Depreciation
Retail	$	101	$	90	$	101
Foodservice/Other	27		28		30
	128		118		131
Discontinued operations	—		2		104
Other	3		28		31
Total depreciation	$	131	$	148	$	266
Additions to Long-Lived Assets
Retail	$	368	$	95	$	128
Foodservice/Other	32		28		38
	400		123		166
Other	—		16		7
Total additions to long-lived assets	$	400	$	139	$	173

¹ Principally cash and equivalents, certain corporate fixed assets, deferred tax assets and certain other non-current assets.

Net Sales by Product Type Within Business Segment

Net sales by product type within each business segment are as follows: 

In millions	2014		2013		2012
Sales
Retail
Meat	$	2,167	$	2,103	$	2,117
Convenient Foods	730		685		647
Bakery	94		104		118
Commodities/Other	1		2		2
Total Retail	2,992		2,894		2,884
Foodservice/Other
Meat	557		507		520
Convenient Foods	93		88		86
Bakery	343		343		344
Commodities/Other	100		88		75
Total Foodservice/Other	1,093		1,026		1,025
Total business segment sales	4,085		3,920		3,909
Impact of businesses exited/disposed	—		—		55
Intersegment elimination	—		—		(6		)
Total net sales	$	4,085	$	3,920	$	3,958