v3.25.2
Business Combinations (Tables)
 12 Months Ended
Aug. 03, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule of Business Combinations, Consideration Table Total purchase consideration was $2.899 billion, which was determined as follows:
(Millions)
Cash consideration paid to Sovos Brands shareholders(1)
$2,307
Cash paid for share-based awards(2)
32
Cash consideration paid directly to shareholders$2,339
Cash paid for transaction costs of Sovos Brands 32
Repayment of Sovos Brands existing indebtedness and accrued interest486
Total cash consideration$2,857
Fair value of replacement share-based awards(3)
42
Total consideration$2,899
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(1)    Consideration paid to Sovos Brands shareholders which reflects $23.00 per share.
(2)    Represents cash paid to equity award holders of Sovos Brands restricted stock and restricted stock unit awards attributable to pre-combination service. This excludes $3 million of cash paid that was recognized as expense.
(3)    We issued replacement equity awards in settlement of certain Sovos Brands equity awards that did not become vested in connection with the acquisition. The portion of fair value of the replacement awards attributable to pre-combination service was $42 million and is included in the purchase consideration. We recognized $26 million of expense related to accelerated vesting of certain replacement awards.
Business Combination, Recognized Asset Acquired and Liability Assumed [Table Text Block]
The table below presents the fair value that was allocated to acquired assets and assumed liabilities:
(Millions)Estimated Fair Value
Cash$240 
Accounts receivable96 
Inventories130 
Other current assets5 
Plant assets100 
Other intangible assets1,776 
Other assets16 
Total assets acquired$2,363
Accounts payable$96 
Accrued liabilities56 
Accrued income taxes1 
Long-term debt9 
Deferred taxes407 
Other liabilities11 
Total liabilities assumed$580 
Net assets acquired$1,783 
Goodwill1,116 
Total consideration$2,899 
Business Combination, Intangible Asset, Acquired, Finite-Lived and Indefinite-Lived [Table Text Block]
The identifiable intangible assets of Sovos Brands consist of:
(Millions)Type Life in YearsValue
TrademarksNon-amortizableIndefinite$1,470 
Trademarks(1)
Amortizable2076 
Customer relationships(2)
Amortizable20to30230 
Total identifiable intangible assets$1,776 
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(1)Includes $74 million related to the noosa yoghurt business.
(2)Includes $18 million related to the noosa yoghurt business.
Business Combination, Pro Forma Information [Table Text Block]
The following unaudited summary information is presented on a consolidated pro forma basis as if the Sovos Brands acquisition had occurred on August 1, 2022:
(Millions)20242023
Net sales$10,354 $10,316 
Net earnings attributable to The Campbell's Company$592 $677