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Restructuring Charges and Cost Savings Initiatives (Tables) | 12 Months Ended
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Aug. 03, 2025
2015 and Snyder's-Lance Initiatives [Member] |
Schedule of Pre-Tax Charge And Remaining Costs [Table] | A summary of the pre-tax charges recorded in the Consolidated Statements of Earnings related to these initiatives is as follows:
(Millions) |  |  | 2024 |  | 2023 |  | Total Program
Restructuring charges |  |  | $ | 17 |  |  | $ | 16 |  |  | $ | 297 |
Administrative expenses |  |  | 54 |  |  | 24 |  |  | 437 |
Cost of products sold |  |  | 26 |  |  | 18 |  |  | 128 |
Marketing and selling expenses |  |  | 4 |  |  | 5 |  |  | 23 |
Research and development expenses |  |  | 3 |  |  | 3 |  |  | 10 |
Total pre-tax charges |  |  | $ | 104 |  |  | $ | 66 |  |  | $ | 895 |
A summary of the pre-tax costs associated with these initiatives is as follows:
(Millions) | Total Program
Severance pay and benefits | $ | 253 |
Asset impairment/accelerated depreciation | 134 |
Implementation costs and other related costs | 508 |
Total | $ | 895 |
Schedule Of Restructuring Charges Associated With Each Reportable Segment | A summary of the pre-tax costs associated with segments is as follows:
(Millions) |  |  | Total Program
Meals & Beverages |  |  | $ | 288 |
Snacks |  |  | 383 |
Corporate |  |  | 224 |
Total |  |  | $ | 895 |
2025 Initiatives |
Schedule of Pre-Tax Charge And Remaining Costs [Table] | A summary of the pre-tax charges recorded in the Consolidated Statement of Earnings related to these initiatives is as follows:
(Millions) | 2025 |  |  |  |  |  |  |  |
Restructuring charges | $ | 24 |  |  |  |  |  |  |  |  |
Administrative expenses | 41 |  |  |  |  |  |  |  |  |
Cost of products sold | 32 |  |  |  |  |  |  |  |  |
Marketing and selling expenses | 4 |  |  |  |  |  |  |  |  |
Research and development expenses | 3 |  |  |  |  |  |  |  |  |
Total pre-tax charges | $ | 104 |  |  |  |  |  |  |  |  |
A summary of the pre-tax costs associated with the initiatives is as follows:
(Millions) | Recognized as of August 3, 2025
Severance pay and benefits | $ | 24 |
Asset impairment/accelerated depreciation | 31 |
Implementation costs and other related costs | 49 |
Total | $ | 104 |
Schedule of Restructuring Activity and Related Reserves [Table] | A summary of the restructuring activity and related reserves is as follows:
(Millions) |  | Severance Pay and Benefits |  |  |  |  |  | Implementation Costs and Other Related Costs(3) |  | Asset Impairment/Accelerated Depreciation |  | Other Non-Cash Exit Costs(4) |  | Total Charges
Accrued balance at July 28, 2024(1) |  | $ | 36 |  |  |  |  |  |  |  |  |  |  |  |  |
2025 charges |  | 24 |  |  |  |  |  |  | 47 |  |  | 31 |  |  | 2 |  |  | $ | 104 |
2025 cash payments |  | (27) |  |  |  |  |  |  |  |  |  |  |  |  |
Accrued balance at August 3, 2025(2) |  | $ | 33 |  |  |  |  |  |  |  |  |  |  |  |  |
__________________________________________ (1)Associated with the multi-year cost savings initiatives and Snyder's-Lance cost transformation program and integration, and the Sovos Brands integration initiatives described above. Includes $12 million of severance pay and benefits recorded in Other liabilities in the Consolidated Balance Sheet. (2)Includes $14 million of severance pay and benefits recorded in Other liabilities in the Consolidated Balance Sheet. (3)Includes other costs recognized as incurred that are not reflected in the restructuring reserve in the Consolidated Balance Sheet. The costs are included in Administrative expenses, Cost of products sold, Marketing and selling expenses and Research and development expenses in the Consolidated Statements of Earnings. (4)Includes non-cash costs that are not reflected in the restructuring reserve in the Consolidated Balance Sheet.
Schedule Of Restructuring Charges Associated With Each Reportable Segment | A summary of the pre-tax costs associated with segments is as follows:
(Millions) | 2025 |  |  |  |
Meals & Beverages | $ | 74 |  |  |  |  |
Snacks | 14 |  |  |  |  |
Corporate | 16 |  |  |  |  |
Total | $ | 104 |  |  |  |  |

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