v3.26.3
Schedule of Consideration for Sovos Acquisition (Details) - USD ($)
$ / shares in Units, $ in Millions
 9 Months Ended 12 Months Ended
Mar. 12, 2024
Apr. 28, 2024
Jul. 28, 2024
Aug. 07, 2023
Business Combination [Line Items]        
Replacement share-based awards issued in connection with Sovos Brands, Inc. acquisition [1]     $ 42  
Sovos Brands Acquisition        
Business Combination [Line Items]        
Cash Consideration paid to Sovos Brands Shareholders [2] $ 2,307      
Cash paid for share-based awards [3] 32      
Cash consideration paid directly to shareholders 2,339      
Cash paid for transaction costs of Sovos Brands 32      
Repayment of Sovos Brands existing indebtedness and accrued interest 486      
Total Cash Consideration 2,857      
Replacement share-based awards issued in connection with Sovos Brands, Inc. acquisition 42 [4] $ 42    
Total consideration 2,899      
Business Combination, Price Per Share       $ 23.00
Business Combination, Separately Recognized Transactions, Expenses and Losses Recognized $ 3      
Share-Based Payment Arrangement, Accelerated Cost     $ 26  
[1] See Note 3 for additional information.
[2] Consideration paid to Sovos Brands shareholders which reflects $23.00 per share.
[3] Represents cash paid to equity award holders of Sovos Brands restricted stock and restricted stock unit awards attributable to pre-combination service. This excludes $3 million of cash paid that was recognized as expense.
[4] We issued replacement equity awards in settlement of certain Sovos Brands equity awards that did not become vested in connection with the acquisition. The portion of fair value of the replacement awards attributable to pre-combination service was $42 million and is included in the purchase consideration. We recognized $26 million of expense related to accelerated vesting of certain replacement awards.