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Goodwill And Intangible Assets
 3 Months Ended
Nov. 02, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
Goodwill
The following table shows the changes in the carrying amount of goodwill:
(Millions)Meals & BeveragesSnacksTotal
Net balance at August 3, 2025
$2,037 $2,954 $4,991 
Foreign currency translation adjustment(1)— (1)
Net balance at November 2, 2025
$2,036 $2,954 $4,990 
Intangible Assets
The following table summarizes balance sheet information for intangible assets, excluding goodwill:
November 2, 2025August 3, 2025
(Millions)CostAccumulated AmortizationNetCostAccumulated AmortizationNet
Amortizable intangible assets
Customer relationships$1,042 $(377)$665 $1,042 $(366)$676 
Definite-lived trademarks2 — 2 2 — 2 
Total amortizable intangible assets$1,044 $(377)$667 $1,044 $(366)$678 
Indefinite-lived trademarks
Rao's$1,470 $1,470 
Snyder's of Hanover470 470 
Lance350 350 
Kettle Brand318 318 
Pace292 292 
Pacific Foods280 280 
Cape Cod187 187 
Various other Snacks(1)
311 311 
Total indefinite-lived trademarks$3,678 $3,678 
Total net intangible assets$4,345 $4,356 
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(1)Includes the Late July and Allied brands trademarks.
Amortization expense was $11 million for the three-month period ended November 2, 2025, and $20 million for the three-month period ended October 27, 2024. Amortization expense for the three-month period ended October 27, 2024 included accelerated amortization expense of $7 million on customer relationships, which began in the fourth quarter of 2023 due to the loss of certain contract manufacturing customers. As of November 2, 2025, amortizable intangible assets had a weighted-average remaining useful life of 18 years. Amortization expense is estimated to be approximately $40 million per year for each of the next five fiscal years.
As of the 2025 annual impairment testing, indefinite-lived trademarks with approximately 10% or less of excess coverage of fair value over carrying value had an aggregate carrying value of $2.587 billion and included the Rao's, Snyder's of Hanover, Pace, Pacific Foods, Late July and Allied brands trademarks.
The estimates of future cash flows used in determining the fair value of goodwill and intangible assets involve significant management judgment and are based upon assumptions about expected future operating performance, assumed royalty rates, economic conditions, market conditions and cost of capital. Inherent in estimating the future cash flows are uncertainties beyond our control, such as changes in capital markets. The actual cash flows could differ materially from management’s estimates due to changes in business conditions, operating performance and economic conditions, including the potential impact of tariffs.