v3.26.3
Supplemental Financial Statement Data
 12 Months Ended
Aug. 02, 2026
Disclosure Text Block Supplement [Abstract]  
Supplemental Financial Information Data Supplemental Financial Statement Data
Balance Sheets
(Millions)20262025
Accounts receivable
Customer accounts receivable$535 $558 
Allowances(18)(17)
Subtotal$517 $541 
Other61 42 
$578 $583 
(Millions)20262025
Inventories
Raw materials, containers and supplies$501 $407 
Finished products1,111 1,017 
$1,612 $1,424 
(Millions)20262025
Plant assets
Land$85 $74 
Buildings1,955 1,779 
Machinery and equipment4,723 4,473 
Projects in progress214 344 
Total cost$6,977 $6,670 
Accumulated depreciation(1)
(4,109)(3,903)
$2,868 $2,767 
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(1)Depreciation expense was $372 million in 2026, $366 million in 2025 and $338 million in 2024. Buildings are depreciated over periods ranging from 7 to 45 years. Machinery and equipment are depreciated over periods generally ranging from 2 to 20 years.
(Millions)20262025
Other assets
Investments$7 $5 
Operating lease ROU assets, net of amortization285 326 
Pension125 128 
Other124 91 
$541 $550 
(Millions)20262025
Accrued liabilities
Accrued compensation and benefits$191 $189 
Accrued trade and consumer promotion programs159 159 
Accrued interest110 109 
Restructuring45 19 
Operating lease liabilities106 96 
Deferred consideration135 — 
Fair value of derivatives5 14 
Other109 102 
$860 $688 
(Millions)20262025
Other liabilities
Pension benefits$83 $88 
Postretirement benefits100 111 
Operating lease liabilities207 259 
Deferred compensation87 88 
Unrecognized tax benefits12 14 
Restructuring4 14 
Contingent consideration20 — 
Other90 64 
$603 $638 
Statements of Earnings
(Millions)202620252024
Other expenses / (income)
Amortization of intangible assets(1)
$41 $68 $73 
Net periodic benefit expense (income) other than the service cost(2)
(4)11 26 
Impairment of intangible assets(3)
117 176 129 
Loss on sales of businesses(4)
— 25 — 
Costs associated with acquisitions(5)
23 — 35 
Transition services fees— (4)(2)
Other(6)(3)— 
$171 $273 $261 
Advertising and consumer promotion expense(6)
$387 $400 $350 
Interest expense
Interest expense
$336 $353 $259 
Less: Interest capitalized5 8 10 
$331 $345 $249 
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(1)Includes accelerated amortization expense related to customer relationship intangible assets of $20 million and $27 million in 2025 and 2024, respectively.
(2)Includes special termination pension benefits in 2026. See Note 11 for additional information.
(3)See Note 7 for additional information.
(4)See Note 4 for additional information.
(5)Related to the acquisitions of La Regina in 2026 and Sovos Brands in 2024. See Note 3 for additional information.
(6)Included in Marketing and selling expenses.
Statements of Cash Flows
(Millions)202620252024
Cash Flows from Operating Activities
Other non-cash charges to net earnings
Operating lease ROU asset expense
$102 $98 $90 
Amortization of debt issuance costs/debt discount9 10 8 
Benefit related expense4 4 12 
Other27 7 28 
$142 $119 $138 
Other
Benefit related payments$(40)$(36)$(40)
Other(4)(5)(37)
$(44)$(41)$(77)
Other Cash Flow Information
Interest paid$320 $330 $194 
Interest received$8 $17 $6 
Non-cash Investing Activities
Accrued and unpaid capital expenditures$104 $149 $109