v3.26.1
REPORTABLE SEGMENTS - Schedule of Reconciliation Reporting Segments (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 28, 2026
Jun. 29, 2025
Jun. 28, 2026
Jun. 29, 2025
Segment Reporting [Line Items]        
Sales $ 3,700 $ 3,786 $ 7,500 $ 7,558
Cost of sales 3,221 3,288 6,510 6,549
Selling, general and administrative expenses 191 268 371 465
Operating gains (3) (30) (4) (39)
Operating profit (loss) 290 260 623 582
Interest expense, net 8 11 16 22
Non-operating (gains) losses (17) (4) (16) 2
Income before income taxes 299 254 623 558
Depreciation and amortization 85 82 169 165
Capital expenditures 77 78 165 158
Packaged Meats        
Segment Reporting [Line Items]        
Sales 2,023 2,079 4,172 4,103
Fresh Pork        
Segment Reporting [Line Items]        
Sales 1,263 1,270 2,491 2,517
Hog Production        
Segment Reporting [Line Items]        
Sales 260 317 510 714
Other        
Segment Reporting [Line Items]        
Sales 153 120 327 224
Operating Segments        
Segment Reporting [Line Items]        
Sales 3,700 3,786 7,500 7,558
Operating Segments | Packaged Meats        
Segment Reporting [Line Items]        
Sales 2,023 2,079 4,172 4,103
Cost of sales 1,666 1,690 3,447 3,356
Selling, general and administrative expenses 92 87 184 180
Operating gains 0 0 0 0
Operating profit (loss) 265 301 540 567
Depreciation and amortization 33 33 67 66
Capital expenditures 33 38 78 78
Operating Segments | Fresh Pork        
Segment Reporting [Line Items]        
Sales 2,008 2,080 4,020 4,114
Cost of sales 1,953 2,005 3,848 3,911
Selling, general and administrative expenses 40 40 79 86
Operating gains 0 0 0 0
Operating profit (loss) 14 35 92 117
Depreciation and amortization 28 28 55 55
Capital expenditures 25 23 58 47
Operating Segments | Hog Production        
Segment Reporting [Line Items]        
Sales 772 840 1,541 1,772
Cost of sales 697 808 1,453 1,727
Selling, general and administrative expenses 10 10 20 22
Operating gains 0 0 0 0
Operating profit (loss) 64 22 68 23
Depreciation and amortization 13 14 27 28
Capital expenditures 11 13 19 24
Operating Segments | Other        
Segment Reporting [Line Items]        
Sales 154 120 327 224
Cost of sales 149 107 305 191
Selling, general and administrative expenses 6 6 13 12
Operating gains 0 0 0 0
Operating profit (loss) (2) 7 10 22
Depreciation and amortization 7 7 14 13
Capital expenditures 2 2 3 4
Corporate        
Segment Reporting [Line Items]        
Sales 0 0 0 0
Cost of sales 0 0 0 0
Selling, general and administrative expenses 27 26 53 55
Operating gains 0 0 0 0
Operating profit (loss) (27) (26) (53) (55)
Depreciation and amortization 0 0 1 1
Capital expenditures 6 2 7 5
Unallocated        
Segment Reporting [Line Items]        
Sales 0 0 0 0
Cost of sales 12 11 17 20
Selling, general and administrative expenses 15 98 22 111
Operating gains (3) (30) (4) (39)
Operating profit (loss) (24) (80) (35) (92)
Interest expense, net 8 11 16 22
Non-operating (gains) losses (17) (4) (16) 2
Depreciation and amortization 3 1 5 3
Capital expenditures 0 0 0 0
Intersegment        
Segment Reporting [Line Items]        
Sales (1,257) (1,334) (2,559) (2,656)
Cost of sales (1,257) (1,334) (2,559) (2,656)
Selling, general and administrative expenses 0 0 0 0
Operating gains 0 0 0 0
Operating profit (loss) 0 0 0 0
Depreciation and amortization 0 0 0 0
Capital expenditures 0 0 0 0
Intersegment | Packaged Meats        
Segment Reporting [Line Items]        
Sales 0 0 0 0
Intersegment | Fresh Pork        
Segment Reporting [Line Items]        
Sales 745 810 1,529 1,597
Intersegment | Hog Production        
Segment Reporting [Line Items]        
Sales 512 524 1,030 1,059
Intersegment | Other        
Segment Reporting [Line Items]        
Sales $ 0 $ 0 $ 0 $ 0