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Exit, Disposal And Other Restructuring Activities (Tables)
6 Months Ended
Dec. 31, 2011
Restructuring and Related Cost [Line Items]  
Summary Of Exit, Disposal And Restructuring Actions
     Quarter ended     Six Months ended  

(In millions)

   Dec.  31,
2011
    Jan. 1,
2011
    Dec.  31,
2011
    Jan. 1,
2011
 

Selling, general and administrative expenses:

   $ 41      $ 4      $ 77      $ 6   

Net charges for:

      

Exit activities, asset and business dispositions

     84        39        116        43   
  

 

 

   

 

 

   

 

 

   

 

 

 

Decrease in income from continuing operations before income taxes

     125        43        193        49   

Income tax benefit (at applicable statutory rates)

     (35     (11     (53     (13
  

 

 

   

 

 

   

 

 

   

 

 

 

Decrease in income from continuing operations

   $ 90      $ 32      $ 140      $ 36   
  

 

 

   

 

 

   

 

 

   

 

 

 

Impact on diluted EPS

   $ 0.15      $ 0.05      $ 0.24      $ 0.05   
  

 

 

   

 

 

   

 

 

   

 

 

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

(In millions)

   Dec. 31,
2011
     Jan. 1,
2011
     Dec. 31,
2011
     Jan. 1,
2011
 

North American Retail

   $ 1       $ —         $ 9       $ 1   

North American Foodservice and Specialty Meats

     —           —           1         —     

Coffee & Tea

     4         33         13         35   

Australian Bakery

     —           —           —           —     
  

 

 

    

 

 

    

 

 

    

 

 

 

Decrease in operating segment income

     5         33         23         36   

Increase in general corporate expenses

     120         10         170         13   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 125       $ 43       $ 193       $ 49   
  

 

 

    

 

 

    

 

 

    

 

 

 
Restructuring 2012 Actions [Member]
 
Restructuring and Related Cost [Line Items]  
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

   $ 33      $ 76      $ 87      $ 196   

Charges recognized in discontinued operations

     19        17        —          36   

Cash payments

     (13     (60     (7     (80

Noncash charges

     —          (5     —          (5

Foreign exchange impacts

     (1     —          —          (1
  

 

 

   

 

 

   

 

 

   

 

 

 

Accrued costs as of December 31, 2011

   $ 38      $ 28      $ 80      $ 146   
  

 

 

   

 

 

   

 

 

   

 

 

 
Restructuring 2011 Actions [Member]
 
Restructuring and Related Cost [Line Items]  
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

   $ 100      $ 24      $ 9      $ 133   

Cash payments

     (37     (22     (9     (68

Change in estimate

     (7     —          —          (7

Noncash charges

     (3     (1     —          (4

Foreign exchange impacts

     (6     —          —          (6
  

 

 

   

 

 

   

 

 

   

 

 

 

Accrued costs as of December 31, 2011

   $ 47      $ 1      $ —        $ 48   
  

 

 

   

 

 

   

 

 

   

 

 

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

(In millions)

   Employee
termination  and
other benefits
 

Accrued costs as of July 2, 2011

   $ 19   

Cash payments

     (5

Noncash charges

     (2

Change in estimate

     (1

Foreign exchange impacts

     (1
  

 

 

 

Accrued costs as of December 31, 2011

   $ 10