Intangible Assets and Goodwill (Tables)

12 Months Ended

Jun. 30, 2012

Schedule Of Intangible Assets

The primary components of the intangible assets reported in continuing operations and the related amortization expense follows:

(in millions)	Gross		Accumulated Amortization		Net Book Value
2012
Intangible assets subject to amortization
Trademarks		$  31		$    2		$  29
Customer relationships		72		44		28
Computer software		128		100		28
Other contractual agreements		3		–		3
		$234		$146		88
Trademarks and brand names not subject to amortization						44
Net book value of intangible assets						$132
(in millions)	Gross		Accumulated Amortization		Net Book Value
2011
Intangible assets subject to amortization
Trademarks		$  31		$    –		$  31
Customer relationships		72		42		30
Computer software		137		87		50
Other contractual agreements		3		–		3
		$243		$129		114
Trademarks and brand names not subject to amortization						44
Net book value of intangible assets						$158

Goodwill By Reportable Segment

The goodwill reported in continuing operations associated with each business segment and the changes in those amounts during 2012 and 2011 are as follows:

(in millions)	Retail		Foodservice/ Other			Total
Net book value at July 3, 2010
Gross goodwill		$103		$622			$725
Accumulated impairment losses		–		(382	)		(382	)
Net goodwill		103		240			343
Acquisitions		36		–			36
Held for disposal		–		(31	)		(31	)
Net book value at July 2, 2011
Gross goodwill		139		591			730
Accumulated impairment losses		–		(382	)		(382	)
Net goodwill		139		209			348
Net book value at June 30, 2012
Gross goodwill		139		591			730
Accumulated impairment losses		–		(382	)		(382	)
Net goodwill		$139		209			348