v3.26.3
Segment Information (Tables)
12 Months Ended
Aug. 02, 2026
Segment Reporting [Abstract]  
Schedule Of Segment Reporting [Table Text Block]
202620252024
(Millions)Meals & BeveragesSnacksTotalMeals & BeveragesSnacksTotalMeals & BeveragesSnacksTotal
Net sales$5,928 $3,816 $9,744 $6,179 $4,074 $10,253 $5,381 $4,255 $9,636 
Cost of products sold4,163 2,795 4,225 2,885 3,610 2,985 
Other segment items(1)
822 635 856 651 771 648 
Segment operating earnings$943 $386 $1,329 $1,098 $538 $1,636 $1,000 $622 $1,622 
Corporate expense (income)(2)
410 488 584
Restructuring charges(3)
67 24 38
Earnings before interest and taxes$852 $1,124 $1,000 
Interest expense331 345 249 
Interest income8 17 6 
Earnings before taxes$529 $796 $757 

(Millions)202620252024
Depreciation and amortization
Meals & Beverages$167 $177 $163 
Snacks222 234 228 
Corporate(4)
24 23 20 
Total$413 $434 $411 

(Millions)202620252024
Capital expenditures
Meals & Beverages$203 $195 $147 
Snacks125 148 279 
Corporate(4)
33 83 91 
Total$361 $426 $517 
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(1)Other segment items for each of the reportable segments includes marketing and selling expenses, administrative expenses, research and development expenses and expense for amortization of intangible assets.
(2)Represents unallocated items. Pension and postretirement actuarial and curtailment gains and losses are included in Corporate. There were actuarial and curtailment gains of $23 million in 2026, actuarial losses of $24 million in 2025 and actuarial losses of $33 million in 2024. Costs related to the cost savings and optimization initiatives were $135 million, $101 million and $92 million in 2026, 2025 and 2024, respectively. Unrealized mark-to-market adjustments on outstanding undesignated commodity hedges were gains of $6 million in 2026, gains of $11 million in 2025 and losses of $22 million in 2024. Intangible asset impairment charges were $117 million, $176 million and $129 million in 2026, 2025 and 2024, respectively. Insurance recoveries of $1 million were included in 2026 and 2025 and costs of $3 million were included in 2024 related to a cybersecurity incident. Litigation expenses related to the Plum baby food and snacks business, which was divested on May 3, 2021, and certain other litigation matters were $14 million in 2026 and $5 million in 2025 and 2024.
Costs associated with the acquisition of La Regina were $26 million in 2026 and costs associated with the acquisition of Sovos Brands were $105 million in 2024. Accelerated amortization expense related to customer relationship intangible assets was $20 million and $27 million in 2025 and 2024, respectively. A loss on the sale of our Pop Secret popcorn business of $25 million was included in 2025.
(3)See Note 9 for additional information.
(4)Represents primarily corporate offices and enterprise-wide information technology systems.
Additional Product Information for Net Sales [Table Text Block]
Our net sales based on product categories are as follows:
(Millions)202620252024
Net sales
Soup$2,653 $2,776 $2,709 
Snacks4,169 4,431 4,597 
Other simple meals2,240 2,325 1,618 
Beverages682 721 712 
Total$9,744 $10,253 $9,636