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SEC Edgar

CAMPBELL'S Co

SIC 2000 · Food & Kindred Products

$CPB

CAMPBELL'S Co

CIK:0000016732|SEC Filings

Consolidated Statements of Earnings - USD ($)
shares in Millions, $ in Millions

12 Months Ended

Aug. 02, 2026

Aug. 03, 2025

Jul. 28, 2024

Income Statement [Abstract]

$ 9,744

$ 10,253

$ 9,636

Costs and expenses

Cost of products sold

7,002

7,134

6,665

Marketing and selling expenses

907

924

833

Administrative expenses

646

674

737

Research and development expenses

99

100

102

Other expenses / (income)

171

273

261

Restructuring charges

^[1]

67

24

38

Total costs and expenses

8,892

9,129

8,636

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

Taxes on earnings

124

194

190

405

602

567

Less: Net earnings (loss) attributable to noncontrolling interests

2

0

0

Net earnings attributable to The Campbell's Company

$ 403

$ 602

$ 567

Per Share - Basic

Net earnings attributable to The Campbell's Company common shareholders - Basic

^[2]

$ 1.34

$ 2.02

$ 1.90

Weighted average shares outstanding - basic

^[2]

298

298

298

Per Share - Assuming Dilution

Net earnings attributable to The Campbell's Company common shareholders - Diluted

^[2]

$ 1.31

$ 2.01

$ 1.89

Weighted average shares outstanding - assuming dilution

^[2]

300

300

300

[1]	See Note 9 for additional information.
[2]	(1) See Note 10 for additional information.

Consolidated Statements of Cash Flows - USD ($)
$ in Millions

12 Months Ended

24 Months Ended

Aug. 02, 2026

Aug. 03, 2025

Jul. 28, 2024

Aug. 02, 2026

Cash flows from operating activities:

$ 405

$ 602

$ 567

Adjustments to reconcile net earnings to operating cash flow

Impairment charges

^[1]

117

176

129

Restructuring charges

^[2]

67

24

38

Stock-based compensation

56

57

99

Amortization of inventory fair value adjustments from acquisitions

3

0

17

Pension and postretirement benefit expense

8

24

39

Depreciation and amortization

413

434

411

Deferred income taxes

33

(54)

(47)

Loss on sales of businesses

^[3]

0

25

0

142

119

138

Changes in working capital, net of acquisitions and divestitures

Accounts receivable

21

26

(16)

(89)

(80)

11

Other current assets

(3)

(14)

4

Accounts payable and accrued liabilities

(90)

(167)

(128)

(44)

(41)

(77)

Net cash provided by operating activities

1,039

1,131

1,185

Cash flows from investing activities:

Purchases of plant assets

(361)

(426)

(517)

Purchases of routes

(56)

(144)

(29)

Sales of routes

53

121

34

Business acquisitions, net of cash acquired

1

0

(2,617)

Sales of businesses, net of cash divested

5

258

0

1

4

1

Net cash used in investing activities

(357)

(187)

(3,128)

Cash flows from financing activities:

Short-term borrowings, including commercial paper and delayed draw term loan

1,755

1,846

5,622

Short-term repayments, including commercial paper and delayed draw term loan

(1,778)

(1,796)

(5,576)

Long-term borrowings

577

1,144

2,496

Long-term repayments

(459)

(1,550)

(100)

(470)

(459)

(445)

Treasury stock purchases

(26)

(62)

(67)

Treasury stock issuances

0

0

2

Payments related to tax withholding for stock-based compensation

(13)

(30)

(46)

Payments of debt issuance costs

(5)

(12)

(23)

Net cash provided by (used in) financing activities

(419)

(919)

1,863

Effect of exchange rate changes on cash

(1)

(1)

(1)

Net change in cash and cash equivalents

262

24

(81)

Cash and cash equivalents - beginning of period

132

108

189

$ 108

Cash and cash equivalents - end of period

$ 394

$ 132

$ 108

$ 394

[1]	See Note 7 for additional information.
[2]	See Note 9 for additional information.
[3]	See Note 4 for additional information.

Consolidated Balance Sheets - USD ($)
shares in Millions, $ in Millions

Aug. 02, 2026

Aug. 03, 2025

Current assets

Cash and cash equivalents

$ 394

$ 132

Accounts receivable, net

578

583

1,612

1,424

Other current assets

136

93

Total current assets

2,720

2,232

Plant assets, net of depreciation

2,868

2,767

5,321

4,991

Other intangible assets, net of amortization

4,198

4,356

541

550

^[1]

15,648

14,896

Current liabilities

Short-term borrowings

977

762

Accounts payable

1,377

1,332

Accrued liabilities

860

688

Dividends payable

118

120

Accrued income taxes

4

4

Total current liabilities

3,336

2,906

6,160

6,095

1,393

1,353

Other liabilities

603

638

Total liabilities

^[1]

11,492

10,992

Commitments and contingencies (Note 19)

Redeemable noncontrolling interests

Redeemable Noncontrolling Interest, Equity, Carrying Amount

304

0

The Campbell Company's shareholders' equity

Preferred stock; authorized 40 shares; none issued

0

0

Capital stock, $.0375 par value; authorized 560 shares; issued 323 shares

12

12

Additional paid-in capital

412

418

Earnings retained in the business

4,620

4,694

Capital stock in treasury, at cost

(1,182)

(1,207)

Accumulated other comprehensive income (loss)

(12)

(15)

Total The Campbell Company's shareholders' equity

3,850

3,902

Noncontrolling interests

2

2

3,852

3,904

Total liabilities, redeemable noncontrolling interests and equity

$ 15,648

$ 14,896

Preferred Stock, Shares Authorized

40

40

Preferred Stock, Shares Issued

0

0

Common Stock, Par or Stated Value Per Share

$ 0.0375

$ 0.0375

Capital Stock, Shares Authorized

560

560

Common Stock, Shares, Issued

323

323

Variable Interest Entity, Primary Beneficiary

Current assets

Cash and cash equivalents

$ 92

Accounts receivable, net

26

93

Other current assets

30

Plant assets, net of depreciation

149

331

37

Total Assets, Consolidated Variable Interest Entity Available to Creditors

427

Current liabilities

Short-term borrowings

^[2]

77

$ 0

Accounts payable

77

Accrued liabilities

10

^[3]

28

$ 0

Other liabilities

10

Total Liabilities, Consolidated Variable Interest Entity Available to Creditors

$ 202

[1]	(1) Total assets at August 2, 2026 include the following balances associated with consolidated variable interest entities (VIEs) that can only be used to settle obligations of the VIEs: Cash and cash equivalents, $92; Accounts receivable, net, $26; Inventories, $93; Other current assets, $30; Plant assets, net of depreciation, $149; Other assets, $37; and Total assets, $427. Total liabilities at August 2, 2026 include the following balances associated with consolidated VIEs for which creditors only have recourse to the VIEs: Short-term borrowings, $77; Accounts payable, $77; Accrued liabilities, $10; Long-term debt, $28; Other liabilities, $10; and Total Liabilities, $202. See Note 5 for additional information.
[2]	Includes notes, other short-term borrowings and finance leases. Creditors only have recourse to La Regina for the liabilities. See also Note 5.
[3]	Includes notes and finance leases. Creditors only have recourse to La Regina for the liabilities. See also Note 5.