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Consolidated Statements Of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Dec. 31, 2011
Jan. 01, 2011
Dec. 31, 2011
Jan. 01, 2011
Continuing Operations        
Net sales $ 2,081 $ 1,958 $ 4,024 $ 3,685
Cost of sales 1,385 1,281 2,712 2,438
Selling, general and administrative expenses 497 463 952 872
Net charges for exit activities, asset and business dispositions 84 39 116 43
Impairment charges 14   32  
Operating income 101 175 212 332
Interest expense 29 28 59 62
Interest income (11) (7) (20) (12)
Debt extinguishment costs   25   55
Income from continuing operations before income taxes 83 129 173 227
Income tax expense 50 41 174 78
Income (loss) from continuing operations 33 88 (1) 149
Discontinued operations        
Income (loss) from discontinued operations net of tax expense (benefit) of $(70), $(199), $(132) and $(174) 65 255 (208) 299
Gain on sale of discontinued operations, net of tax expense of $169, $396, $339 and $562 371 490 463 579
Net income from discontinued operations 436 745 255 878
Net income 469 833 254 1,027
Less: Income from noncontrolling interests, net of tax Discontinued operations 1 2 3 4
Net income attributable to Sara Lee 468 831 251 1,023
Amounts attributable to Sara Lee:        
Net income (loss) from continuing operations 33 88 (1) 149
Net income from discontinued operations 435 743 252 874
Net income attributable to Sara Lee $ 468 $ 831 $ 251 $ 1,023
Earnings per share of common stock, Basic        
Income (loss) from continuing operations $ 0.06 $ 0.14 $ 0.00 $ 0.23
Net income $ 0.79 $ 1.30 $ 0.42 $ 1.58
Average shares outstanding 592 638 592 646
Earnings per share of common stock, Diluted        
Income (loss) from continuing operations $ 0.05 $ 0.14 $ 0.00 $ 0.23
Net income $ 0.79 $ 1.30 $ 0.42 $ 1.58
Average shares outstanding 595 642 592 649
Cash dividends declared per share of common stock $ 0.115 $ 0.115 $ 0.115 $ 0.115