CAMPBELL SOUP CO - 10-Q filing on 2016-03-10

Accumulated Other Comprehensive Income (Tables)

6 Months Ended

Jan. 31, 2016

The components of Accumulated other comprehensive income (loss) consisted of the following:



	Foreign Currency Translation Adjustments⁽¹⁾			Gains (Losses) on Cash Flow Hedges⁽²⁾			Pension and Postretirement Benefit Plan Adjustments⁽³⁾			Total Accumulated Comprehensive Income (Loss)
Balance at August 2, 2015	$	(166	)	$	(5	)	$	3		$	(168	)
Other comprehensive income (loss) before reclassifications	(44		)	(6		)	—			(50		)
Amounts reclassified from accumulated other comprehensive income (loss)	—			(4		)	(1		)	(5		)
Net current-period other comprehensive income (loss)	(44		)	(10		)	(1		)	(55		)
Balance at January 31, 2016	$	(210	)	$	(15	)	$	2		$	(223	)

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⁽¹⁾	Included a tax expense of $5 as of January 31, 2016, and $6 as of August 2, 2015.


⁽²⁾	Included a tax benefit of $11 as of January 31, 2016, and $5 as of August 2, 2015.


⁽³⁾	Included a tax expense of $1 as of January 31, 2016, and August 2, 2015

The amounts reclassified from Accumulated other comprehensive income (loss) consisted of the following:



	Three Months Ended						Six Months Ended
Details about Accumulated Other Comprehensive Income (Loss) Components	January 31, 2016			February 1, 2015			January 31, 2016			February 1, 2015			Location of (Gain) Loss Recognized in Earnings
(Gains) losses on cash flow hedges:
Foreign exchange forward contracts	$	(4	)	$	—		$	(6	)	$	—		Cost of products sold
Foreign exchange forward contracts	(1		)	(1		)	(2		)	(1		)	Other expenses / (income)
Forward starting interest rate swaps	1			1			2			2			Interest expense
Total before tax	(4		)	—			(6		)	1
Tax expense (benefit)	2			—			2			—
(Gain) loss, net of tax	$	(2	)	$	—		$	(4	)	$	1

Pension and postretirement benefit adjustments:
Prior service credit	$	(1	)	$	(1	)	$	(1	)	$	(1	)	⁽¹⁾
Tax expense (benefit)	—			—			—			—
(Gain) loss, net of tax	$	(1	)	$	(1	)	$	(1	)	$	(1	)