Discontinued Operations (Tables)

3 Months Ended

Oct. 01, 2011

Discontinued Operations [Abstract]

Operating Results Of Discontinued Operations

	First Quarter 2012								First Quarter 2011
(In millions)	Net Sales		Pretax Income (Loss)			Net Income (Loss)			Net Sales		Pretax Income (Loss)			Net Income (Loss)
International Household and Body Care	$	69	$	4		$	—		$	408	$	58		$	37
North American Fresh Bakery		528		21			70			516		(3	)		(2	)
North American Refrigerated Dough		74		13			9			71		9			6
North American Foodservice Beverage		137		—			3			111		(1	)		(1	)
European Bakery		149		(373	)		(355	)		150		6			4
Total	$	957	$	(335	)	$	(273	)	$	1,256	$	69		$	44

Gain On Sale Of Discontinued Operations

(in millions)	Pretax Gain  on Sale		Tax (Charge)			After Tax Gain
Quarter ended:
Oct. 1, 2011:
North American Refrigerated Dough	$	198	$	(158	)	$	40
Non-European insecticides		60		(12	)		48
Asian Shoe Care		4		—			4
	$	262	$	(170	)	$	92
Oct 2, 2010:
Air Care Products	$	255	$	(166	)	$	89

Summary Of Net Assets Held For Sale

(In millions)	October 1, 2011		July 2, 2011
Trade accounts receivable	$	295	$	325
Inventories		167		176
Other current assets		49		54
Total current assets held for sale		511		555
Property		622		825
Trademarks and other intangibles		258		303
Goodwill		342		800
Other assets		7		(22	)
Assets held for sale	$	1,740	$	2,461
Accounts payable	$	259	$	262
Accrued expenses and other current liabilities		258		273
Current maturities of long-term debt		16		16
Total current liabilities held for sale		533		551
Long-term debt		77		80
Other liabilities		217		220
Liabilities held for sale	$	827	$	851
Noncontrolling interest	$	29	$	29

Balance Sheet Amounts From Consolidation Of VIEs

(in millions)	October 1, 2011		July 2, 2011
Inventories – Finished goods	$	2	$	2
Property – Machinery and equipment		16		18
Total assets	$	18	$	20
Current portion of long-term debt	$	13	$	13
Long-term debt excluding current portion		46		49
Total liabilities	$	59	$	62
Noncontrolling interests	$	29	$	28

Cash Flow Impacts Of Discontinued Operations

(In millions) – Increase / (Decrease)	Quarter ended Oct. 1, 2011			Quarter ended Oct. 2, 2010
Cash flow from operating activities	$	14		$	133
Cash flow from (used in) investing activities		(34	)		336
Cash flow from (used in) financing activities		20			(469	)
Increase (decrease) in net cash of discontinued operations		—			—
Cash and cash equivalents at beginning of year		—			—
Cash and cash equivalents at end of period	$	—		$	—