v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDER’S EQUITY - USD ($)
$ in Millions
Total
Total Shareholders’ Equity
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Loss
Beginning balance at Dec. 31, 2023   $ 7,241 $ 4,152 $ 3,588 $ (500)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Dividend   (182)   (182)  
Adjustment to redeemable noncontrolling interests   (34) (34)    
Other   (1) (1)    
Comprehensive income:          
Net income attributable to Smithfield $ 457 457   457  
Other comprehensive income (loss), net of tax (46) (46)     (46)
Ending balance at Jun. 30, 2024   7,436 4,117 3,864 (545)
Beginning balance at Mar. 31, 2024   7,246 4,140 3,656 (550)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Dividend   (93)   (93)  
Adjustment to redeemable noncontrolling interests   (23) (23)    
Comprehensive income:          
Net income attributable to Smithfield 301 301   301  
Other comprehensive income (loss), net of tax 5 5     5
Ending balance at Jun. 30, 2024   7,436 4,117 3,864 (545)
Beginning balance at Dec. 29, 2024   5,834 3,102 3,184 (452)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Dividend   (197)   (197)  
Net proceeds from issuance of common stock   236 236    
Adjustment to redeemable noncontrolling interests   (1) (1)    
Stock compensation expense   4 4    
Other   (6) (6)    
Comprehensive income:          
Net income attributable to Smithfield 412 412   412  
Other comprehensive income (loss), net of tax 20 20     20
Ending balance at Jun. 29, 2025   6,301 3,335 3,398 (432)
Beginning balance at Mar. 30, 2025   6,225 3,325 3,308 (408)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Dividend   (99)   (99)  
Adjustment to redeemable noncontrolling interests   14 14    
Stock compensation expense   2 2    
Other   (6) (6)    
Comprehensive income:          
Net income attributable to Smithfield 188 188   188  
Other comprehensive income (loss), net of tax $ (23) (23)     (23)
Ending balance at Jun. 29, 2025   $ 6,301 $ 3,335 $ 3,398 $ (432)