v3.25.2
Restructuring Charges and Cost Savings Initiatives (Tables)
 12 Months Ended
Aug. 03, 2025
2015 and Snyder's-Lance Initiatives [Member]  
Schedule of Pre-Tax Charge And Remaining Costs [Table]
A summary of the pre-tax charges recorded in the Consolidated Statements of Earnings related to these initiatives is as follows:
(Millions)20242023
Total Program
Restructuring charges$17 $16 $297 
Administrative expenses54 24 437 
Cost of products sold26 18 128 
Marketing and selling expenses4 5 23 
Research and development expenses3 3 10 
Total pre-tax charges$104 $66 $895 
A summary of the pre-tax costs associated with these initiatives is as follows:
(Millions)Total Program
Severance pay and benefits
$253 
Asset impairment/accelerated depreciation134 
Implementation costs and other related costs
508 
Total$895 
Schedule Of Restructuring Charges Associated With Each Reportable Segment A summary of the pre-tax costs associated with segments is as follows:
(Millions)
Total Program
Meals & Beverages$288 
Snacks383 
Corporate224 
Total$895 
2025 Initiatives  
Schedule of Pre-Tax Charge And Remaining Costs [Table]
A summary of the pre-tax charges recorded in the Consolidated Statement of Earnings related to these initiatives is as follows:
(Millions)
2025
Restructuring charges$24 
Administrative expenses41 
Cost of products sold32 
Marketing and selling expenses4 
Research and development expenses3 
Total pre-tax charges$104 
A summary of the pre-tax costs associated with the initiatives is as follows:
(Millions)
Recognized as of August 3, 2025
Severance pay and benefits
$24 
Asset impairment/accelerated depreciation31 
Implementation costs and other related costs
49 
Total$104 
Schedule of Restructuring Activity and Related Reserves [Table]
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 Depreciation
Other Non-Cash Exit Costs(4)
Total Charges
Accrued balance at July 28, 2024(1)
$36 
2025 charges
24 47 31 2 $104 
2025 cash payments
(27)
Accrued balance at August 3, 2025(2)
$33 
__________________________________________
(1)Associated with the multi-year cost savings initiatives and Snyder's-Lance cost transformation program and integration, and the Sovos Brands integration initiatives described above. Includes $12 million of severance pay and benefits recorded in Other liabilities in the Consolidated Balance Sheet.
(2)Includes $14 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, Cost of products sold, Marketing and selling expenses and Research and development expenses in the Consolidated Statements of Earnings.
(4)Includes non-cash costs that are not reflected in the restructuring reserve in the Consolidated Balance Sheet.
Schedule Of Restructuring Charges Associated With Each Reportable Segment A summary of the pre-tax costs associated with segments is as follows:
(Millions)2025
Meals & Beverages$74 
Snacks14 
Corporate16 
Total$104