v3.25.2
Supplemental Financial Statement Data
 12 Months Ended
Aug. 03, 2025
Disclosure Text Block Supplement [Abstract]  
Supplemental Financial Information Data Supplemental Financial Statement Data
Balance Sheets
(Millions)20252024
Accounts receivable
Customer accounts receivable$558 $602 
Allowances(17)(15)
Subtotal$541 $587 
Other42 43 
$583 $630 
(Millions)20252024
Inventories
Raw materials, containers and supplies$407 $376 
Finished products1,017 1,010 
$1,424 $1,386 
(Millions)20252024
Plant assets
Land$74 $74 
Buildings1,779 1,702 
Machinery and equipment4,473 4,328 
Projects in progress344 314 
Total cost$6,670 $6,418 
Accumulated depreciation(1)
(3,903)(3,720)
$2,767 $2,698 
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(1)Depreciation expense was $366 million in 2025, $338 million in 2024 and $339 million in 2023. Buildings are depreciated over periods ranging from 7 to 45 years. Machinery and equipment are depreciated over periods generally ranging from 2 to 20 years.
(Millions)20252024
Other assets
Investments$5 $— 
Operating lease ROU assets, net of amortization326 333 
Pension128 143 
Other91 78 
$550 $554 
(Millions)20252024
Accrued liabilities
Accrued compensation and benefits$189 $212 
Fair value of derivatives14 16 
Accrued trade and consumer promotion programs159 186 
Accrued interest109 103 
Restructuring19 24 
Operating lease liabilities96 90 
Other102 89 
$688 $720 
(Millions)20252024
Other liabilities
Pension benefits$88 $93 
Postretirement benefits111 128 
Operating lease liabilities259 268 
Deferred compensation88 92 
Unrecognized tax benefits14 17 
Restructuring14 12 
Other64 66 
$638 $676 
Statements of Earnings
(Millions)202520242023
Other expenses / (income)
Amortization of intangible assets(1)
$68 $73 $48 
Net periodic benefit expense (income) other than the service cost11 26 (35)
Impairment of intangible assets(2)
176 129 — 
Loss on sales of businesses(3)
25 — 13 
Costs associated with acquisition(4)
— 35 5 
Transition services fees(4)(2)(1)
Other(3)— 2 
$273 $261 $32 
Advertising and consumer promotion expense(5)
$400 $350 $365 
Interest expense
Interest expense
$353 $259 $192 
Less: Interest capitalized8 10 4 
$345 $249 $188 
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(1)Includes accelerated amortization expense related to customer relationship intangible assets of $20 million, $27 million and $7 million in 2025, 2024 and 2023, respectively.
(2)See Note 6 for additional information.
(3)See Note 4 for additional information.
(4)Related to the acquisition of Sovos Brands. See Note 3 for additional information.
(5)Included in Marketing and selling expenses.
Statements of Cash Flows
(Millions)202520242023
Cash Flows from Operating Activities
Other non-cash charges to net earnings
Operating lease ROU asset expense
$98 $90 $80 
Amortization of debt issuance costs/debt discount10 8 4 
Benefit related expense4 12 4 
Other7 28 12 
$119 $138 $100 
Other
Benefit related payments$(36)$(40)$(47)
Other(5)(37)(4)
$(41)$(77)$(51)
Other Cash Flow Information
Interest paid$330 $194 $193 
Interest received$17 $6 $4 
Income taxes paid, net of refunds$268 $252 $268 
Non-cash Investing Activities
Accrued and unpaid capital expenditures$149 $109 $122