v3.26.1
Segment Reporting (Details)
$ in Millions
 3 Months Ended 9 Months Ended
May 03, 2026
USD ($)
Apr. 27, 2025
USD ($)
May 03, 2026
USD ($)
segment
Apr. 27, 2025
USD ($)
Segment Reporting [Abstract]        
Number of Reportable Segments | segment     2  
Segment Reporting [Line Items]        
Net sales $ 2,366 $ 2,475 $ 7,607 $ 7,932
Cost of products sold 1,716 1,747 5,448 5,518
Segment operating earnings 308 393 1,047 1,277
Other General Expense [1] 60 226 184 405
Restructuring charges [2] 9 6 15 17
Earnings before interest and taxes 239 161 848 855
Interest expense 83 85 246 260
Interest income 3 5 6 17
Earnings before taxes 159 81 608 612
Costs Associated with Acquisition [3] (2) 0 (4) 0
Accelerated Amortization of Intangible Assets   (6)   (20)
Intangible Asset, Excluding Goodwill, Indefinite-Lived, Impairment Loss [4] 0 (150) 0 (176)
Gain (Loss) on Disposition of Business [5] $ 0 $ 0 $ 0 $ (25)
Intangible Asset, Excluding Goodwill, Indefinite-Lived, Impairment Loss, Statement of Income or Comprehensive Income [Extensible Enumeration] Other expenses / (income) Other expenses / (income) Other expenses / (income) Other expenses / (income)
Other Postretirement Benefit Plan, Defined Benefit [Member]        
Segment Reporting [Line Items]        
Defined Benefit Plan, Actuarial Gain (Loss) $ 0 $ 0 $ 0 $ (2)
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Immediate Recognition of Actuarial Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Other expenses / (income) Other expenses / (income) Other expenses / (income) Other expenses / (income)
Meals & Beverages [Member]        
Segment Reporting [Line Items]        
Net sales $ 1,426 $ 1,493 $ 4,741 $ 4,943
Cost of products sold 1,013 1,040 3,334 3,383
Segment Reporting, Other Segment Item, Amount [6] 200 200 645 668
Segment operating earnings 213 253 762 892
Snacks [Member]        
Segment Reporting [Line Items]        
Net sales 940 982 2,866 2,989
Cost of products sold 694 690 2,101 2,119
Segment Reporting, Other Segment Item, Amount [6] 151 152 480 485
Segment operating earnings 95 140 285 385
Corporate Segment and Other Operating Segment [Member]        
Segment Reporting [Line Items]        
Other Restructuring Costs (60) (25) (112) (74)
Unrealized Gain (Loss) on Commodity Contracts 6 (10) 20 8
Plum and Certain Other Litigation Expenses   (4) (11) (6)
Costs Associated with Acquisition (2)   (4)  
Cybersecurity Incident Recoveries (Costs)     1 1
Accelerated Amortization of Intangible Assets   (6)   (20)
Intangible Asset, Excluding Goodwill, Indefinite-Lived, Impairment Loss   $ (150)   (176)
Gain (Loss) on Disposition of Business       $ (25)
Intangible Asset, Excluding Goodwill, Indefinite-Lived, Impairment Loss, Statement of Income or Comprehensive Income [Extensible Enumeration]   Other expenses / (income)   Other expenses / (income)
Corporate Segment and Other Operating Segment [Member] | Other Postretirement Benefit Plan, Defined Benefit [Member]        
Segment Reporting [Line Items]        
Defined Benefit Plan, Actuarial Gain (Loss) $ 30   $ 30 $ (2)
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Immediate Recognition of Actuarial Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Other expenses / (income)   Other expenses / (income) Other expenses / (income)
[1] Represents unallocated items. Costs related to cost savings and optimization initiatives were $60 million and $112 million in the three- and nine-month periods ended May 3, 2026, and $25 million and $74 million in the three- and nine-month periods ended April 27, 2025, respectively. Unrealized mark-to-market adjustments on outstanding undesignated commodity hedges were gains of $6 million and $20 million in the three- and nine-month periods ended May 3, 2026, and losses of $10 million and gains of $8 million in the three- and nine-month periods ended April 27, 2025, respectively. Litigation expenses related to the Plum baby food and snacks business, which was divested on May 3, 2021, and certain other litigation matters were $11 million in the nine-month period ended May 3, 2026, and $4 million and $6 million in the three- and nine-month periods ended April 27, 2025, respectively. Costs associated with an acquisition were $2 million and $4 million in the three- and nine-month periods ended May 3, 2026, respectively. Pension actuarial and curtailment gains of $30 million were included in the three- and nine-month periods ended May 3, 2026 and a postretirement actuarial loss of $2 million was included in the nine-month period ended April 27, 2025. Insurance recoveries of $1 million related to a cybersecurity incident were included in the nine-month periods ended May 3, 2026 and April 27, 2025, respectively. Accelerated amortization expense related to customer relationship intangible assets was $6 million and $20 million in the three- and nine-month periods ended April 27, 2025, respectively. Intangible asset impairment charges were $150 million and $176 million in the three- and nine-month periods ended April 27, 2025, respectively. A loss on the sale of our Pop Secret popcorn business of $25 million was included in the nine-month period ended April 27, 2025.
[2] See Note 8 for additional information.
[3] See Note 3 for additional information.
[4] In the third quarter of 2025, we recognized an impairment charge of $150 million on our Snyder's of Hanover trademark. In the second quarter of 2025, we recognized an impairment charge of $15 million on our Allied brands trademarks and an impairment charge of $11 million on our Late July trademark.
[5] See Note 4 for additional information.
[6] Other segment items for each of the reportable segments include marketing and selling expenses, administrative expenses, research and development expenses and expense for amortization of intangible assets.