v3.26.3
Segment Reporting (Details) - USD ($)
$ in Millions
 12 Months Ended
Aug. 02, 2026
Aug. 03, 2025
Jul. 28, 2024
Segment Reporting [Line Items]      
Net sales $ 9,744 $ 10,253 $ 9,636
Cost of products sold 7,002 7,134 6,665
Segment operating earnings 1,329 1,636 1,622
Other General Expense [1] 410 488 584
Restructuring Charges [2] 67 24 38
Earnings before interest and taxes 852 1,124 1,000
Interest expense 331 345 249
Interest income 8 17 6
Earnings before taxes 529 796 757
Intangible Asset, Excluding Goodwill, Indefinite-Lived, Impairment Loss [3] $ (117) $ (176) $ (129)
Intangible Asset, Excluding Goodwill, Indefinite-Lived, Impairment Loss, Statement of Income or Comprehensive Income [Extensible Enumeration] Other expenses / (income) Other expenses / (income) Other expenses / (income)
Costs Associated with Acquisition [4] $ (23) $ 0 $ (35)
Accelerated Amortization of Intangible Assets   (20) (27)
Gain (Loss) on Disposition of Business [5] 0 (25) 0
Sovos Brands Acquisition      
Segment Reporting [Line Items]      
Costs Associated with Acquisition     (128)
La Regina Acquisition      
Segment Reporting [Line Items]      
Costs Associated with Acquisition (26)    
Meals & Beverages [Member]      
Segment Reporting [Line Items]      
Net sales 5,928 6,179 5,381
Cost of products sold 4,163 4,225 3,610
Segment Reporting, Other Segment Item, Amount [6] 822 856 771
Segment operating earnings 943 1,098 1,000
Snacks [Member]      
Segment Reporting [Line Items]      
Net sales 3,816 4,074 4,255
Cost of products sold 2,795 2,885 2,985
Segment Reporting, Other Segment Item, Amount [6] 635 651 648
Segment operating earnings 386 538 622
Corporate Segment and Other Operating Segment [Member]      
Segment Reporting [Line Items]      
Defined Benefit Plan, Actuarial Gain (Loss) $ 23 $ (24) $ (33)
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Immediate Recognition of Actuarial Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Other expenses / (income) Other expenses / (income) Other expenses / (income)
Other Restructuring Costs $ (135) $ (101) $ (92)
Unrealized Gain (Loss) on Commodity Contracts 6 11 (22)
Intangible Asset, Excluding Goodwill, Indefinite-Lived, Impairment Loss $ (117) $ (176) $ (129)
Intangible Asset, Excluding Goodwill, Indefinite-Lived, Impairment Loss, Statement of Income or Comprehensive Income [Extensible Enumeration] Other expenses / (income) Other expenses / (income) Other expenses / (income)
Cybersecurity Incident Recoveries (Costs) $ 1 $ 1 $ (3)
Plum and Certain Other Litigation Expenses (14) (5) (5)
Accelerated Amortization of Intangible Assets   (20) (27)
Gain (Loss) on Disposition of Business   $ (25)  
Corporate Segment and Other Operating Segment [Member] | Sovos Brands Acquisition      
Segment Reporting [Line Items]      
Costs Associated with Acquisition     $ (105)
Corporate Segment and Other Operating Segment [Member] | La Regina Acquisition      
Segment Reporting [Line Items]      
Costs Associated with Acquisition $ (26)    
[1] 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.
[2] See Note 9 for additional information.
[3] See Note 7 for additional information.
[4] Related to the acquisitions of La Regina in 2026 and Sovos Brands in 2024. See Note 3 for additional information.
[5] See Note 4 for additional information.
[6] 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.