Use the following the financial statements and read other annual report disclosures Refer to the Campbell Soup Company annual report for $2020$ below and Find and scan the notes to consolidated financial statements. Read the independent auditor's report and management's discussion and analysis of financial condition and results of operations. What is your general impression regarding the adequacy of the company's financial disclosures?

Financial Highlights $($dollars in millions, except per share amounts$)20202019$ Results of Operations Net sales $ $8,691$ $ $8,107$ Gross profit $ $2,999$ $ $2,693$ Percent of net sales $34\mathrm{.}5\%33\mathrm{.}2\%$ Earnings before interest and taxes $ $1,107$ $ $979$ Earnings from continuing operations attributable to Campbell Soup Company $ $592$ $ $474$ Per share $$ diluted $ $1\mathrm{.}95$ $ $1\mathrm{.}57$ Earnings $($loss$)$ from discontinued operations $ $1,036$ $ $(263)$ Per share $$ diluted $ $3\mathrm{.}41$ $ $(\mathrm{.}87)$ Net earnings attributable to Campbell Soup Company $ $1,628$ $ $211$ Per share $$ diluted $ $5\mathrm{.}36$ $ $\mathrm{.}70$ Other Information Net cash provided by operating activities $ $1,396$ $ $1,398$ Capital expenditures $ $299$ $ $384$ Dividends per share $ $1\mathrm{.}40$ $ $1\mathrm{.}40$

In $2020,$ Earnings from continuing operations attributable to Campbell Soup Company were impacted by the following: a restructuring charge and costs of $$69$ million $($$$52$ million after tax, or $$\mathrm{.}17$ per share$)$ associated with restructuring and cost savings initiatives; losses of $$121$ million $($$$92$ million after tax, or $$\mathrm{.}30$ per share$)$ associated with mark$-$to$-$market adjustments for defined benefit pension and postretirement plans; pension settlement charges of $$43$ million $($$$33$ million after tax, or $$\mathrm{.}11$ per share$)$; a loss of $$45$ million $($$$35$ million after tax, or $$\mathrm{.}12$ per share$)$ associated with the sale of our limited partnership interest in Acre Venture Partners, L$.$P$.$; a loss of $$64$ million $($$$37$ million after tax, or $$\mathrm{.}12$ per share$)$ on the sale of the European chip business; and a loss of $$75$ million $($$$57$ million after tax, or $$\mathrm{.}19$ per share$)$ on the extinguishment of debt. In $2019,$ Earnings from continuing operations attributable to Campbell Soup Company were impacted by the following: a restructuring charge and costs of $$121$ million $($$$92$ million after tax, or $$\mathrm{.}30$ per share$)$ associated with restructuring and cost savings initiatives; losses of $$122$ million $($$$93$ million after tax, or $$\mathrm{.}31$ per share$)$ associated with mark$-$to$-$market adjustments for defined benefit pension and postretirement plans; a pension settlement charge of $$28$ million $($$$22$ million after tax, or $$\mathrm{.}07$ per share$)$; impairment charges of $$16$ million $($$$13$ million after tax, or $$\mathrm{.}04$ per share$)$ related to the European chips business; and a tax charge of $$2$ million $($$$\mathrm{.}01$ per share$)$ due to the enactment of the Tax Cuts and Jobs Act that was signed into law in December $2017.$ See below for a reconciliation of the impact of these items on reported results.

Reconciliation of GAAP and Non$-$GAAP Financial Measures The following information is provided to reconcile certain non$-$GAAP financial measures disclosed in the preceding pages to reported Earnings from continuing operations. These non$-$GAAP financial measures are measures of performance not defined by accounting principles generally accepted in the United States and should be considered in addition to$,$ not in lieu of$,$ GAAP reported measures. We believe that presenting certain non$-$GAAP financial measures facilitates comparison of our historical operating results and trends in our underlying operating results, and provides transparency on how we evaluate our business. For instance, we believe that financial information excluding certain transactions not considered to reflect the ongoing operating results improves the comparability of year$-$to$-$year earnings results. Consequently, we believe that investors may be able to better understand our earnings results if these transactions are excluded from the results.

$20202019$ Earnings $\%$ Change EPS $\%$ Change Earnings Diluted Earnings Diluted Impact EPS Impact Impact EPS Impact $2020/20192020/2019$ Earnings from continuing operations attributable to Campbell Soup Company, as reported $ $592$ $ $1\mathrm{.}95$ $ $474$ $ $1\mathrm{.}57$ Restructuring charges, implementation costs and other related costs $52\mathrm{.}1792\mathrm{.}30$ Pension and postretirement benefit mark$-$to$-$market adjustments $92\mathrm{.}3093\mathrm{.}31$ Pension settlement charges $33\mathrm{.}1122\mathrm{.}07$ Investment losses $35\mathrm{.}12-$ Charges associated with divestiture $37\mathrm{.}12-$ Loss on debt extinguishment $57\mathrm{.}19-$ Impairment charges $--13\mathrm{.}04$ Tax reform $--2\mathrm{.}01$ Adjusted Earnings from continuing operations attributable to Campbell Soup Company $ $898$ $ $2\mathrm{.}95$ $ $696$ $ $2\mathrm{.}3029\%28\%$ The sum of the individual amounts does not add due to rounding.

Item $6.$ Selected Financial Data Fiscal Year $2020(1)2019(2)2018(3)2017(4)2016(5)($Millions$,$ except per share amounts$)$ Summary of Operations Net sales $.............................................$ $ $8,691$ $ $8,$