CAMPBELL SOUP CO
For the period ended Jul 28, 2024. Filed Sep 19, 2024.
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FY2024 · Filed Sep 19, 2024
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Signatures
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended, Campbell has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.
September 19, 2024
| CAMPBELL SOUP COMPANY | |
| By: | /s/ Carrie L. Anderson |
| Carrie L. Anderson | |
| Executive Vice President and Chief Financial Officer (Principal Financial Officer) |
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, this Report has been signed below by the following persons on behalf of Campbell and in the capacities indicated on September 19, 2024.
| Signatures | |
|---|---|
| /s/ Mark A. Clouse | * |
| Mark A. Clouse | Maria Teresa Hilado |
| President and Chief Executive Officer and Director | Director |
| (Principal Executive Officer) | |
| /s/ Carrie L. Anderson | * |
| Carrie L. Anderson | Grant H. Hill |
| Executive Vice President and Chief Financial Officer | Director |
| (Principal Financial Officer) | |
| /s/ Stanley Polomski | * |
| Stanley Polomski | Sarah Hofstetter |
| Senior Vice President and Controller | Director |
| (Principal Accounting Officer) | |
| * | * |
| Keith R. McLoughlin | Marc B. Lautenbach |
| Chair and Director | Director |
| * | * |
| Fabiola R. Arredondo | Mary Alice D. Malone |
| Director | Director |
| * | * |
| Howard M. Averill | Kurt T. Schmidt |
| Director | Director |
| * | * |
| Bennett Dorrance, Jr. | Archbold D. van Beuren |
| Director | Director |
| * By: /s/ Charles A. Brawley, III | |
| Name: Charles A. Brawley, III | |
| Title: Executive Vice President, General Counsel and Corporate Secretary, | |
| as Attorney-in-fact | |
| (pursuant to powers of attorney) | |
Schedule II
Valuation and Qualifying Accounts
For the Fiscal Years ended July 28, 2024, July 30, 2023, and July 31, 2022
| (Millions) | Balance at Beginning of Period | Charged to/(Reduction in) CostsandExpenses | Deductions | Balance atEnd ofPeriod |
|---|---|---|---|---|
| Cash discount | $6 | $115 | $(117) | $4 |
| Bad debt reserve | 10 | (2) | — | 8 |
| Returns reserve(1) | 3 | — | — | 3 |
| Total Accounts receivable allowances | $19 | $113 | $(117) | $15 |
| Cash discount | $5 | $117 | $(116) | $6 |
| Bad debt reserve | 4 | 7 | (1) | 10 |
| Returns reserve(1) | 3 | — | — | 3 |
| Total Accounts receivable allowances | $12 | $124 | $(117) | $19 |
| Cash discount | $6 | $136 | $(137) | $5 |
| Bad debt reserve | 2 | 2 | — | 4 |
| Returns reserve(1) | 4 | (1) | — | 3 |
| Total Accounts receivable allowances | $12 | $137 | $(137) | $12 |
(1)The returns reserve is evaluated quarterly and adjusted accordingly. During each period, returns are charged to Net sales in the Consolidated Statements of Earnings as incurred. Actual returns were approximately $109 million in 2024, $105 million in 2023, and $110 million in 2022, or less than 2% of Net sales.
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