Segment Information (Tables)

6 Months Ended

Dec. 31, 2011

Segment Information [Abstract]

Summary Of Net Sales And Operating Segment Income By Business Segment

	Net Sales
(In millions)	Second Quarter 2012			Second Quarter 2011			Six Months 2012			Six Months 2011
North American Retail	$	741		$	741		$	1,425		$	1,436
North American Foodservice and Specialty Meats		314			290			621			564
Coffee & Tea		998			899			1,920			1,627
Australian Bakery		35			35			73			71
Total business segments		2,088			1,965			4,039			3,698
Intersegment sales		(7	)		(7	)		(15	)		(13	)
Net sales	$	2,081		$	1,958		$	4,024		$	3,685
	Income Before Income Taxes
(In millions)	Second Quarter 2012			Second Quarter 2011			Six Months 2012			Six Months 2011
North American Retail	$	81		$	84		$	123		$	144
North American Foodservice and Specialty Meats		33			38			60			61
Coffee & Tea		140			109			254			199
Australian Bakery		3			(1	)		5			1
Total operating segment income		257			230			442			405
General corporate expenses		(168	)		(50	)		(228	)		(77	)
Mark-to-market derivative gains/(losses)		15			(2	)		4			10
Amortization of intangibles		(3	)		(3	)		(6	)		(6	)
Operating income		101			175			212			332
Net interest expense		(18	)		(21	)		(39	)		(50	)
Debt extinguishment costs		—			(25	)		—			(55	)
Income before income taxes	$	83		$	129		$	173		$	227

Summary Of Business Segment Assets

(In millions)	Dec. 31, 2011		July 2, 2011
North American Retail1	$	1,263	$	1,313
North American Foodservice and Specialty Meats		475		499
Coffee & Tea		2,220		2,334
Australian Bakery		62		66
Total business segments		4,020		4,212
Net assets held for sale		155		2,405
Other2		4,011		2,916
Total Assets	$	8,186	$	9,533

¹  Certain fixed assets in the North American Retail segment also support production within the North American Foodservice 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.