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Segment Information (Tables)

3 Months Ended

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

X

- 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.

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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.

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