Segment Information (Tables)

3 Months Ended

Oct. 01, 2011

Segment Information [Abstract]

Summary Of Net Sales And Operating Segment Income By Business Segment

	Net Sales						Income before Income Taxes
(In millions)	First Quarter 2012			First Quarter 2011			First Quarter 2012			First Quarter 2011
North American Retail	$	684		$	695		$	42		$	60
North American Foodservice and Specialty Meats		307			274			27			23
Coffee & Tea		922			728			114			90
Australian Bakery		38			36			2			2
Total business segments		1,951			1,733			185			175
Intersegment sales		(8	)		(6	)		—			—
Total net sales and operating segment income		1,943			1,727			185			175
General corporate expenses		—			—			(60	)		(27	)
Mark-to-Market derivative gains/(losses)		—			—			(11	)		12
Amortization of intangibles		—			—			(3	)		(3	)
Total net sales and operating income		1,943			1,727			111			157
Net interest expense		—			—			(21	)		(29	)
Debt extinguishment costs		—			—			—			(30	)
Net sales and income before income taxes	$	1,943		$	1,727		$	90		$	98

Summary Of Business Segment Assets

(In millions)	October 1, 2011		July 2, 2011
North American Retail1	$	1,322	$	1,313
North American Foodservice and Specialty Meats		512		499
Coffee & Tea		2,312		2,334
Australian Bakery		61		66
Total business segments		4,207		4,212
Net assets held for sale		1,740		2,461
Other2		3,105		2,860
Total Assets	$	9,052	$	9,533

¹  Certain fixed assets in the North American Retail segment also support production within the North American and Specialty Meats segment. However, the corporation does not allocate these shared assets across segments.

²  Principally cash and cash equivalents, certain corporate fixed assets, deferred tax assets and certain other noncurrent assets.