v3.26.1
EQUITY - Schedule of Reclassification out of Accumulated Other Comprehensive Income (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 28, 2026
Jun. 29, 2025
Jun. 28, 2026
Jun. 29, 2025
Before Tax        
Translation gains $ 23 $ 47 $ 15 $ 45
Amortization of actuarial losses and prior service credits reclassified to non-operating (gains) losses 5 5 9 10
Gains (losses) arising during the period 31 (82) 22 (38)
Total other comprehensive income (loss) from continuing operations 30 (27) 13 32
Other comprehensive income attributable to noncontrolling interest 8 16 5 15
Other comprehensive income (loss) attributable to Smithfield 22 (42) 8 16
Tax        
Translation gains 0 0 0 0
Amortization of actuarial losses and prior service credits reclassified to non-operating (gains) losses (1) (1) (2) (2)
Gains (losses) arising during the period (7) 21 (5) 10
Total other comprehensive income (loss) from continuing operations (2) 19 1 4
Other comprehensive income attributable to noncontrolling interest 0 0 0 0
Other comprehensive income (loss) attributable to Smithfield (2) 19 1 4
After Tax        
Translation gains 23 47 15 45
Amortization of actuarial losses and prior service credits reclassified to non-operating (gains) losses 4 4 7 7
Gains (losses) arising during the period 24 (61) 17 (28)
Total other comprehensive income (loss) 28 (8) 14 35
Other comprehensive income attributable to noncontrolling interest 8 16 5 15
Other comprehensive income (loss) attributable to Smithfield 21 (23) 9 20
Foreign Currency Translation        
After Tax        
Other comprehensive income (loss) attributable to Smithfield 15 31 10 30
Location, Statement of Income, Balance [Axis]: us-gaap:CostOfRevenue        
Before Tax        
Gains (losses) on reclassification of derivatives (4) (2) (10) (1)
Tax        
Gains (losses) on reclassification of derivatives 1 1 2 0
After Tax        
Gains (losses) on reclassification of derivatives (3) (2) (7) (1)
Location, Statement of Income, Balance [Axis]: us-gaap:InterestExpenseNonoperating        
Before Tax        
Gains (losses) on reclassification of derivatives     1 1
Tax        
Gains (losses) on reclassification of derivatives     0 0
After Tax        
Gains (losses) on reclassification of derivatives     1 1
Location, Statement of Income, Balance [Axis]: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax        
Before Tax        
Gains (losses) on reclassification of derivatives (26) 6 (25) 14
Tax        
Gains (losses) on reclassification of derivatives 6 (1) 6 (4)
After Tax        
Gains (losses) on reclassification of derivatives $ (20) $ 4 $ (19) $ 11