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Segment Information (Tables) | 3 Months Ended
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Nov. 02, 2025
Segment Reporting [Abstract] |
Schedule Of Segment Reporting [Table Text Block] |
|  | Three Months Ended
|  | November 2, 2025 |  | October 27, 2024
(Millions) |  | Meals & Beverages |  | Snacks |  | Total |  | Meals & Beverages |  | Snacks |  | Total
Net sales |  | $ | 1,665 |  |  | $ | 1,012 |  |  | $ | 2,677 |  |  | $ | 1,739 |  |  | $ | 1,033 |  |  | $ | 2,772 |
Cost of products sold |  | 1,153 |  |  | 721 |  |  |  |  | 1,175 |  |  | 725 |  |  |
Other segment items(1) |  | 215 |  |  | 168 |  |  |  |  | 221 |  |  | 172 |  |  |
Segment operating earnings |  | $ | 297 |  |  | $ | 123 |  |  | $ | 420 |  |  | $ | 343 |  |  | $ | 136 |  |  | $ | 479 |
Corporate expense (income)(2) |  |  |  |  |  | 81 |  |  |  |  |  |  | 106 |
Restructuring charges(3) |  |  |  |  |  | 3 |  |  |  |  |  |  | 6 |
Earnings before interest and taxes |  |  |  |  |  | $ | 336 |  |  |  |  |  |  | $ | 367 |
Interest expense |  |  |  |  |  | 81 |  |  |  |  |  |  | 87 |
Interest income |  |  |  |  |  | 1 |  |  |  |  |  |  | 4 |
Earnings before taxes |  |  |  |  |  | $ | 256 |  |  |  |  |  |  | $ | 284 |
|  | Three Months Ended |  |  |  |  |  |
(Millions) |  | November 2, 2025 |  | October 27, 2024 |  |  |  |  |  |  |  |
Depreciation and amortization |  |  |  |  |  |  |  |  |  |  |  |
Meals & Beverages |  | $ | 40 |  |  | $ | 46 |  |  |  |  |  |  |  |  |
Snacks |  | 53 |  |  | 58 |  |  |  |  |  |  |  |  |
Corporate(4) |  | 6 |  |  | 5 |  |  |  |  |  |  |  |  |
Total |  | $ | 99 |  |  | $ | 109 |  |  |  |  |  |  |  |  |
|  | Three Months Ended |  |  |  |  |  |  |
(Millions) |  | November 2, 2025 |  | October 27, 2024 |  |  |  |  |  |  |  |  |  |  |
Capital expenditures |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Meals & Beverages |  | $ | 71 |  |  | $ | 34 |  |  |  |  |  |  |  |  |  |  |  |
Snacks |  | 43 |  |  | 46 |  |  |  |  |  |  |  |  |  |  |  |
Corporate(4) |  | 13 |  |  | 30 |  |  |  |  |  |  |  |  |  |  |  |
Total |  | $ | 127 |  |  | $ | 110 |  |  |  |  |  |  |  |  |  |  |  |
_______________________________________ (1)Other segment items for each of the reportable segments include marketing and selling expenses, administrative expenses, research and development expenses and expense for amortization of intangible assets. (2)Represents unallocated items. Costs related to cost savings and optimization initiatives were $31 million and $29 million in the three-month periods ended November 2, 2025 and October 27, 2024, respectively. Unrealized mark-to-market adjustments on outstanding undesignated commodity hedges were losses of $2 million in the three-month period ended November 2, 2025, and gains of $4 million in the three-month period ended October 27, 2024. Litigation expenses related to the Plum baby food and snacks business, which was divested on May 3, 2021, and certain other litigation matters were $10 million in the three-month period ended November 2, 2025, and $1 million in the three-month period ended October 27, 2024. Insurance recoveries of $1 million related to a cybersecurity incident were included in the three-month periods ended November 2, 2025 and October 27, 2024. Costs associated with a pending acquisition were $2 million in the three-month period ended November 2, 2025. A loss on the sale of our Pop Secret popcorn business of $25 million was included in the three-month period ended October 27, 2024. Accelerated amortization expense related to customer relationship intangible assets was $7 million in the three-month period ended October 27, 2024. A postretirement actuarial loss of $2 million was included in the three-month period ended October 27, 2024. (3)See Note 7 for additional information. (4)Represents primarily corporate offices and enterprise-wide information technology systems.
Additional Product Information for Net Sales [Table Text Block] | Our net sales based on product categories are as follows:
|  | Three Months Ended |  |
(Millions) |  | November 2, 2025 |  | October 27, 2024 |  |  |  |
Net sales |  |  |  |  |  |  |  |
Soup |  | $ | 835 |  |  | $ | 852 |  |  |  |  |
Snacks |  | 1,106 |  |  | 1,128 |  |  |  |  |
Other simple meals |  | 562 |  |  | 613 |  |  |  |  |
Beverages |  | 174 |  |  | 179 |  |  |  |  |
Total |  | $ | 2,677 |  |  | $ | 2,772 |  |  |  |  |

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- Definition Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-40 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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