Restructuring Charges and Cost Savings Initiatives (Tables)

12 Months Ended

Aug. 02, 2026

2015 and Snyder's-Lance Initiatives [Member]

Schedule of Pre-Tax Charge And Remaining Costs [Table]

A summary of the pre-tax charges recorded in the Consolidated Statements of Earnings related to these initiatives is as follows:


(Millions)	2024		Total Program
Restructuring charges	$	17	$	297
Administrative expenses	54		437
Cost of products sold	26		128
Marketing and selling expenses	4		23
Research and development expenses	3		10
Total pre-tax charges	$	104	$	895

A summary of the pre-tax costs associated with these initiatives is as follows:


(Millions)	Total Program
Severance pay and benefits	$	253
Asset impairment/accelerated depreciation	134
Implementation costs and other related costs	508
Total	$	895

Schedule Of Restructuring Charges Associated With Each Reportable Segment

A summary of the pre-tax costs associated with segments is as follows:


(Millions)	Total Program
Meals & Beverages	$	288
Snacks	383
Corporate	224
Total	$	895

2025 Initiatives

Schedule of Pre-Tax Charge And Remaining Costs [Table]

A summary of the pre-tax charges recorded in the Consolidated Statements of Earnings related to these initiatives is as follows:


(Millions)	2026		2025		Recognized as of August 2, 2026
Restructuring charges	$	67	$	24	$	91
Administrative expenses	29		41		70
Cost of products sold	39		32		71
Marketing and selling expenses	4		4		8
Research and development expenses	4		3		7
Other expenses / (income)	38		—		38
Total pre-tax charges	$	181	$	104	$	285

A summary of the cumulative pre-tax costs associated with the initiatives is as follows:


(Millions)	Recognized as of August 2, 2026
Severance pay and benefits	$	102
Asset impairment/accelerated depreciation	80
Implementation costs and other related costs	103
Total	$	285

Schedule of Restructuring Activity and Related Reserves [Table]

A summary of the restructuring activity and related reserves is as follows:


(Millions)	Severance Pay and Benefits		Pension Benefits(4)	Implementation Costs and Other Related Costs(5)	Asset Impairment/Accelerated Depreciation	Other Non-Cash Exit Costs(6)	Total Charges
Accrued balance at July 28, 2024(1)	$	36
2025 charges	24		—	47	31	2	$	104
2025 cash payments	(27)
Accrued balance at August 3, 2025(2)	$	33
2026 charges	40		38	47	49	7	$	181
2026 cash payments	(24)

Accrued balance at August 2, 2026(3)	$	49

__________________________________________

(1)Associated with the multi-year cost savings initiatives and Snyder's-Lance cost transformation program and integration, and the Sovos Brands integration initiatives described above. Includes $12 million of severance pay and benefits recorded in Other liabilities in the Consolidated Balance Sheet.

(2)Includes $14 million of severance pay and benefits recorded in Other liabilities in the Consolidated Balance Sheet.

(3)Includes $4 million of severance pay and benefits recorded in Other liabilities in the Consolidated Balance Sheet.

(4)Represents special termination pension benefits offered under the voluntary early retirement program. See Note 11.

(5)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.

(6)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:


(Millions)	2026		Costs Incurred to Date
Meals & Beverages	$	71	$	145
Snacks	83		97
Corporate	27		43
Total	$	181	$	285