v3.26.1
Restructuring Charges and Cost Savings Initiatives (Tables) - 2025 Initiatives
 9 Months Ended
May 03, 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 EndedNine Months Ended
(Millions)May 3, 2026April 27, 2025May 3, 2026April 27, 2025
Recognized as of May 3, 2026
Restructuring charges$9 $6 $15 $17 $39 
Administrative expenses6 7 21 26 62 
Cost of products sold12 7 28 25 60 
Marketing and selling expenses1 — 3 2 7 
Research and development expenses1 1 2 3 5 
Other expenses / (income)38 — 38 — 38 
Total pre-tax charges$67 $21 $107 $73 $211 
A summary of the cumulative pre-tax costs associated with the initiatives is as follows:
(Millions)
Recognized as of May 3, 2026
Severance pay and benefits
$76 
Asset impairment/accelerated depreciation52 
Implementation costs and other related costs
83 
Total$211 
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
Pension Benefits(3)
Implementation Costs and Other Related
Costs(4)
Asset Impairment/Accelerated Depreciation
Other Non-Cash Exit Costs(5)
Total Charges
Accrued balance at August 3, 2025(1)
$33 
2026 charges
14 38 33 21 1 $107 
2026 cash payments
(16)
Accrued balance at May 3, 2026(2)
$31 
__________________________________ 
(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)Represents special termination pension benefits offered under the voluntary early retirement program. See Note 10.
(4)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.
(5)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:
May 3, 2026
(Millions)Three Months EndedNine Months Ended
Costs Incurred to Date
Meals & Beverages$31 $51 $125 
Snacks25 38 52 
Corporate11 18 34 
Total$67 $107 $211