v3.25.2
REPORTABLE SEGMENTS - Schedule of Reconciliation Reporting Segments (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 29, 2025
Jun. 30, 2024
Jun. 29, 2025
Jun. 30, 2024
Segment Reporting Information [Line Items]        
Sales $ 3,786 $ 3,412 $ 7,558 $ 6,856
Cost of sales 3,288 2,885 6,549 5,967
Selling, general and administrative expenses 268 194 465 393
Operating gains (30) (2) (39) (3)
Operating profit (loss) 260 334 582 498
Interest expense, net 11 19 22 35
Non-operating (gains) losses (4) (2) 2 (6)
Income from continuing operations before income taxes 254 317 558 469
Depreciation and amortization 82 83 165 165
Capital expenditures 78 80 158 173
Packaged Meats        
Segment Reporting Information [Line Items]        
Sales 2,079 1,945 4,103 3,944
Fresh Pork        
Segment Reporting Information [Line Items]        
Sales 1,270 1,237 2,517 2,440
Hog Production        
Segment Reporting Information [Line Items]        
Sales 317 112 714 239
Other        
Segment Reporting Information [Line Items]        
Sales 120 119 224 233
Operating Segments        
Segment Reporting Information [Line Items]        
Sales 3,786 3,412 7,558 6,856
Operating Segments | Packaged Meats        
Segment Reporting Information [Line Items]        
Sales 2,079 1,945 4,103 3,944
Cost of sales 1,690 1,518 3,356 3,139
Selling, general and administrative expenses 87 97 180 189
Operating gains 0 0 0 0
Operating profit (loss) 301 330 567 616
Interest expense, net
Non-operating (gains) losses
Depreciation and amortization 33 30 66 59
Capital expenditures 38 37 78 77
Operating Segments | Fresh Pork        
Segment Reporting Information [Line Items]        
Sales 2,080 1,981 4,114 3,920
Cost of sales 2,005 1,878 3,911 3,660
Selling, general and administrative expenses 40 45 86 92
Operating gains 0 0 0 0
Operating profit (loss) 35 58 117 168
Interest expense, net
Non-operating (gains) losses
Depreciation and amortization 28 29 55 57
Capital expenditures 23 26 47 56
Operating Segments | Hog Production        
Segment Reporting Information [Line Items]        
Sales 840 776 1,772 1,482
Cost of sales 808 766 1,727 1,634
Selling, general and administrative expenses 10 11 22 24
Operating gains 0 0 0 0
Operating profit (loss) 22 (2) 23 (176)
Interest expense, net
Non-operating (gains) losses
Depreciation and amortization 14 15 28 31
Capital expenditures 13 7 24 19
Operating Segments | Other        
Segment Reporting Information [Line Items]        
Sales 120 119 224 233
Cost of sales 107 107 191 223
Selling, general and administrative expenses 6 5 12 12
Operating gains 0 0 0 0
Operating profit (loss) 7 7 22 (2)
Interest expense, net
Non-operating (gains) losses
Depreciation and amortization 7 8 13 17
Capital expenditures 2 6 4 9
Corporate        
Segment Reporting Information [Line Items]        
Sales 0 0 0 0
Cost of sales 0 0 0 0
Selling, general and administrative expenses 26 32 55 64
Operating gains 0 0 0 0
Operating profit (loss) (26) (32) (55) (64)
Interest expense, net
Non-operating (gains) losses
Depreciation and amortization 0 0 1 1
Capital expenditures 2 5 5 13
Unallocated        
Segment Reporting Information [Line Items]        
Sales 0 0 0 0
Cost of sales 11 24 20 34
Selling, general and administrative expenses 98 4 111 13
Operating gains (30) (2) (39) (3)
Operating profit (loss) (80) (27) (92) (44)
Interest expense, net 11 19 22 35
Non-operating (gains) losses (4) (2) 2 (6)
Depreciation and amortization 1 0 3 1
Capital expenditures 0 0 0 0
Intersegment        
Segment Reporting Information [Line Items]        
Sales (1,334) (1,408) (2,656) (2,722)
Cost of sales (1,334) (1,408) (2,656) (2,722)
Selling, general and administrative expenses 0 0 0 0
Operating gains 0 0 0 0
Operating profit (loss) 0 0 0 0
Interest expense, net
Non-operating (gains) losses
Depreciation and amortization 0 0 0 0
Capital expenditures 0 0 0 0
Intersegment | Packaged Meats        
Segment Reporting Information [Line Items]        
Sales 0 0 0 0
Intersegment | Fresh Pork        
Segment Reporting Information [Line Items]        
Sales 810 744 1,597 1,479
Intersegment | Hog Production        
Segment Reporting Information [Line Items]        
Sales 524 664 1,059 1,242
Intersegment | Other        
Segment Reporting Information [Line Items]        
Sales $ 0 $ 0 $ 0 $ 0