XML 58 R22.htm IDEA: XBRL DOCUMENT v2.3.0.15
Exit, Disposal And Other Restructuring Activities (Tables)
3 Months Ended
Oct. 01, 2011
Summary Of Exit, Disposal And Restructuring Actions
     Quarter ended  

(In millions)

   Oct. 1,
2011
    Oct. 2,
2010
 

Selling, general and administrative expenses

   $ 36      $ 2   

Net charges for (income from):

    

Exit activities

     32        4   
  

 

 

   

 

 

 

Decrease in income from continuing operations before income taxes

     68        6   

Income tax benefit

     (18     (2
  

 

 

   

 

 

 

Decrease in income from continuing operations

   $ 50      $ 4   
  

 

 

   

 

 

 

Impact on diluted EPS

   $ 0.08      $ 0.01   
  

 

 

   

 

 

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

(In millions)

   Oct. 1,
2011
     Oct. 2,
2010
 

North American Retail

   $ 8       $ 1   

North American Foodservice and Specialty Meats

     1         —     

Coffee & Tea

     9         2   
  

 

 

    

 

 

 

Decrease in operating segment income

     18         3   

Increase in general corporate expenses

     50         3   
  

 

 

    

 

 

 

Total

   $ 68       $ 6   
  

 

 

    

 

 

 
Restructuring 2012 Actions [Member]
 
Net Charges For Exit Disposal And Transformation Actions And Related Reserve Status

(In millions)

   Employee
termination and
other benefits
    IT and other
costs
    Non-
cancellable
leases/
Contractual
obligations
     Total  

Exit, disposal and other costs recognized during 2012

   $ 27      $ 36      $ 5       $ 68   

Charges recognized in discontinued operations

     —          7        —           7   

Cash payments

     (2     (20     —           (22
  

 

 

   

 

 

   

 

 

    

 

 

 

Accrued costs as of October 1, 2011

   $ 25      $ 23      $ 5       $ 53   
  

 

 

   

 

 

   

 

 

    

 

 

 
Restructuring 2011 Actions [Member]
 
Net Charges For Exit Disposal And Transformation Actions And Related Reserve Status

(In millions)

   Employee
termination and
other benefits
    IT and
other  costs
    Non-
cancellable
leases/
Contractual
obligations
    Total  

Accrued costs as of July 2, 2011

   $ 98      $ 24      $ 9      $ 131   

Cash payments

     (15     (16     (9     (40

Change in estimate

     1        —          —          1   

Noncash charges

     (2     (1     —          (3

Foreign exchange impacts

     (5     —          —          (5
  

 

 

   

 

 

   

 

 

   

 

 

 

Accrued costs as of October 1, 2011

   $ 77      $ 7      $ —        $ 84   
  

 

 

   

 

 

   

 

 

   

 

 

 
Restructuring 2010 Actions [Member]
 
Net Charges For Exit Disposal And Transformation Actions And Related Reserve Status

(In millions)

   Employee
termination and
other benefits
    Non-
cancellable
Leases
     Total  

Accrued costs as of July 2, 2011

   $ 9      $ 10       $ 19   

Cash payments

     (2     —           (2

Noncash charges

     (1     —           (1

Foreign exchange impacts

     (1     —           (1
  

 

 

   

 

 

    

 

 

 

Accrued costs as of October 1, 2011

   $ 5      $ 10       $ 15