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Restructuring Charges and Cost Savings Initiatives (Tables) - 2025 Initiatives
3 Months Ended
Nov. 02, 2025
Schedule Of Pre-Tax Charge And Remaining Costs [Table Text Block]
A summary of the pre-tax charges recorded in the Consolidated Statements of Earnings related to these initiatives is as follows:
Three Months Ended
(Millions)November 2, 2025October 27, 2024
Recognized as of November 2, 2025
Restructuring charges$3 $$27 
Administrative expenses8 11 49 
Cost of products sold7 39 
Marketing and selling expenses 
Research and development expenses 
Total pre-tax charges$18 $27 $122 
A summary of the pre-tax costs associated with the initiatives is as follows:
(Millions)
Recognized as of November 2, 2025
Severance pay and benefits
$27 
Asset impairment/accelerated depreciation36 
Implementation costs and other related costs
59 
Total$122 
Schedule Of Restructuring Activity And Related Reserves [Table Text Block]
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 DepreciationTotal Charges
Accrued balance at August 3, 2025(1)
$33 
2026 charges
3 10 5 $18 
2026 cash payments
(7)
Accrued balance at November 2, 2025(2)
$29 
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(1)Includes $14 million of severance pay and benefits recorded in Other liabilities in the Consolidated Balance Sheet.
(2)Includes $5 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 and Cost of products sold in the Consolidated Statements of Earnings.
Schedule Of Restructuring Charges Associated With Each Reportable Segment A summary of the pre-tax costs associated with segments is as follows:
November 2, 2025
(Millions)Three Months Ended
Costs Incurred to Date
Meals & Beverages$10 $84 
Snacks20 
Corporate18 
Total$18 $122