v3.25.4
Restructuring Charges and Cost Savings Initiatives (Tables) - 2025 Initiatives
 6 Months Ended
Feb. 01, 2026
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 EndedSix Months Ended
(Millions)February 1, 2026January 26, 2025February 1, 2026January 26, 2025
Recognized as of February 1, 2026
Restructuring charges$3 $5 $6 $11 $30 
Administrative expenses7 8 15 19 56 
Cost of products sold9 10 16 18 48 
Marketing and selling expenses2 1 2 2 6 
Research and development expenses1 1 1 2 4 
Total pre-tax charges$22 $25 $40 $52 $144 
A summary of the cumulative pre-tax costs associated with the initiatives is as follows:
(Millions)
Recognized as of February 1, 2026
Severance pay and benefits
$29 
Asset impairment/accelerated depreciation42 
Implementation costs and other related costs
73 
Total$144 
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 Depreciation
Other Non-Cash Exit Costs(4)
Total Charges
Accrued balance at August 3, 2025(1)
$33 
2026 charges
5 23 11 1 $40 
2026 cash payments
(12)
Accrued balance at February 1, 2026(2)
$26 
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(1)Includes $14 million of severance pay and benefits recorded in Other liabilities in the Consolidated Balance Sheet.
(2)Includes $2 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:
February 1, 2026
(Millions)Three Months EndedSix Months Ended
Costs Incurred to Date
Meals & Beverages$10 $20 $94 
Snacks7 13 27 
Corporate5 7 23 
Total$22 $40 $144 

In the third quarter of 2026, we commenced a voluntary early retirement program as part of our cost savings initiatives. The program is available to certain salaried employees who meet age and length-of-service criteria. We currently do not know which employees will elect to participate and therefore are unable to estimate the costs of the program, although we expect these costs to consist primarily of severance pay and benefits, including enhanced pension benefits. We will provide an estimate of the costs expected to be incurred as the program is executed.