Acquisition Narrative (Details)
$ / shares in Units, € in Millions, $ in Millions |
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12 Months Ended |
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May 04, 2026
USD ($)
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Dec. 08, 2025 |
Mar. 12, 2024
USD ($)
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Aug. 07, 2023
$ / shares
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Aug. 02, 2026
USD ($)
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Aug. 03, 2025
USD ($)
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Jul. 28, 2024
USD ($)
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May 04, 2026
EUR (€)
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| Business Combination [Line Items] |
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| Goodwill |
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$ 5,321
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$ 4,991
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$ 5,077
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| Costs Associated with Acquisition |
[1] |
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23
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$ 0
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35
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| La Regina Acquisition |
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| Business Combination [Line Items] |
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| Business Combination, Date of Acquisition Agreement |
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Dec. 08, 2025
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| Business Combination, Voting Equity Interest Acquired, Percentage |
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49.00%
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49.00%
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| Business Combination, Effective Date of Acquisition |
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May 04, 2026
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| Business Combination, Control Obtained, Description |
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The aggregate consideration for the transaction is $286 million to be paid in two tranches: (i) $146 million was paid in cash at the closing of the acquisition, and (ii) $140 million of deferred consideration will be payable at our discretion in either cash or unregistered shares of our capital stock (not to exceed 19.9% of our outstanding capital stock and voting power prior to issuance) on May 4, 2027. The remaining 51% of the outstanding equity interests of La Regina are subject to a call option granted to us and a put option granted to La Regina. The call option may be exercised from the first anniversary of the closing until the later of the tenth anniversary of the closing and the date of cessation of the material commercial agreements between the parties. Under the call option, we may, during specified exercise periods, acquire additional equity interests in increments of not less than 2% from La Regina equity holders at a price based on an implied total equity value of approximately $584 million, subject to the payment of a control premium of up to 20% and to a 20% reduction for specified material adverse changes. The put option may be exercised from three years after the first anniversary of the closing until the tenth anniversary of the closing. Under the put option, La Regina equity holders may require us to purchase all or a portion of their remaining equity interests during a defined exercise period, subject to certain conditions and similar pricing mechanics as the call option. To the extent the deferred consideration is not fully settled in shares of our capital stock, we may use shares to settle the options in an amount not to exceed $140 million.
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| Business Combination, Price of Acquisition, Expected |
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$ 286
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| Business Combination, Consideration Transferred, Cash Consideration paid to La Regina Shareholders |
[2] |
146
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| Business Combination Deferred Consideration Expected Payment 1 Year After Close |
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140
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| Business Combination, Implied Total Equity Value |
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584
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| Business Combination, Consideration Transferred |
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299
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| Goodwill |
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335
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| Business Combination, Goodwill, Expected Tax Deductible, Amount |
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$ 54
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| Costs Associated with Acquisition |
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26
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| La Regina Acquisition | La Regina |
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| Business Combination [Line Items] |
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| Subsidiary, Ownership Percentage, Noncontrolling Owner |
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51.00%
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51.00%
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| La Regina Acquisition | Maximum [Member] |
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| Business Combination [Line Items] |
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| Business Combination, Consideration Transferred, Equity Interest, Share Issued, Value |
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$ 140
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| Contingent Consideration, Noncurrent | € |
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€ 25
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| La Regina Acquisition | Income Statement Location [Axis]: us-gaap:CostOfGoodsAndServicesSold | Business Combination, Pro Forma Information, Nonrecurring Adjustment, Inventory, Fair Value Adjustment |
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| Business Combination [Line Items] |
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| Costs Associated with Acquisition |
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3
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| La Regina Acquisition | Income Statement Location [Axis]: us-gaap:OtherNonoperatingIncomeExpense |
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| Business Combination [Line Items] |
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| Costs Associated with Acquisition |
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$ 23
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| Sovos Brands Acquisition |
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| Business Combination [Line Items] |
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| Business Combination, Date of Acquisition Agreement |
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Aug. 07, 2023
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| Business Combination, Effective Date of Acquisition |
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Mar. 12, 2024
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| Business Combination, Consideration Transferred |
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$ 2,899
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| Goodwill |
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$ 1,116
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| Costs Associated with Acquisition |
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128
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| Business Combination, Price Per Share | $ / shares |
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$ 23.00
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| Revenue of Acquiree since Acquisition Date, Actual |
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423
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| Earnings / (Loss) of Acquiree since Acquisition Date, Actual |
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(84)
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| Sovos Brands Acquisition | Delayed Draw Term Loan Due 2024 |
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| Business Combination [Line Items] |
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| Proceeds from Lines of Credit |
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2,000
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| Sovos Brands Acquisition | Income Statement Location [Axis]: us-gaap:CostOfGoodsAndServicesSold |
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| Business Combination [Line Items] |
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| Costs Associated with Acquisition |
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18
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| Sovos Brands Acquisition | Income Statement Location [Axis]: us-gaap:CostOfGoodsAndServicesSold | Business Combination, Pro Forma Information, Nonrecurring Adjustment, Inventory, Fair Value Adjustment |
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| Business Combination [Line Items] |
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| Costs Associated with Acquisition |
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17
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| Sovos Brands Acquisition | Income Statement Location [Axis]: us-gaap:GeneralAndAdministrativeExpense |
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| Business Combination [Line Items] |
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| Costs Associated with Acquisition |
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47
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| Sovos Brands Acquisition | Income Statement Location [Axis]: us-gaap:InterestExpense | Delayed Draw Term Loan Due 2024 |
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| Business Combination [Line Items] |
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| Costs Associated with Acquisition |
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2
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| Sovos Brands Acquisition | Income Statement Location [Axis]: us-gaap:OtherNonoperatingIncomeExpense |
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| Business Combination [Line Items] |
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| Costs Associated with Acquisition |
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35
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| Sovos Brands Acquisition | Income Statement Location [Axis]: us-gaap:ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost |
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| Business Combination [Line Items] |
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| Costs Associated with Acquisition |
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2
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| Sovos Brands Acquisition | Income Statement Location [Axis]: us-gaap:RestructuringCharges |
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| Business Combination [Line Items] |
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| Costs Associated with Acquisition |
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21
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| Sovos Brands Acquisition | Income Statement Location [Axis]: us-gaap:SellingAndMarketingExpense |
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| Business Combination [Line Items] |
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| Costs Associated with Acquisition |
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$ 3
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