v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDER’S EQUITY - USD ($)
$ in Millions
Total
Common Stock
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Loss
Beginning balance (in shares) at Dec. 29, 2024   380,069,232      
Beginning balance at Dec. 29, 2024 $ 5,834   $ 3,102 $ 3,184 $ (452)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Issuance of common stock (in shares)   13,043,479      
Issuance of common stock 236   236    
Stock compensation expense 4   4    
Adjustment to redeemable noncontrolling interests (1)   (1)    
Dividends declared (197)     (197)  
Other (6)   (6)    
Comprehensive income attributable to Smithfield:          
Net income 412     412  
Other comprehensive income (loss), net of tax 20       20
Ending balance (in shares) at Jun. 29, 2025   393,112,711      
Ending balance at Jun. 29, 2025 6,301   3,335 3,398 (432)
Beginning balance (in shares) at Mar. 30, 2025   393,112,711      
Beginning balance at Mar. 30, 2025 6,225   3,325 3,308 (408)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Stock compensation expense 2   2    
Adjustment to redeemable noncontrolling interests 14   14    
Dividends declared (99)     (99)  
Other (6)   (6)    
Comprehensive income attributable to Smithfield:          
Net income 188     188  
Other comprehensive income (loss), net of tax (23)       (23)
Ending balance (in shares) at Jun. 29, 2025   393,112,711      
Ending balance at Jun. 29, 2025 $ 6,301   3,335 3,398 (432)
Beginning balance (in shares) at Dec. 28, 2025 393,112,711 393,112,711      
Beginning balance at Dec. 28, 2025 $ 6,801   3,338 3,776 (314)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Stock compensation expense 8   8    
Settlement of stock options and restricted stock units (in shares)   827,432      
Settlement of stock options and restricted stock units 5   6 (1)  
Withholding tax on settlement of restricted stock units (in shares)   (179,912)      
Withholding tax on settlement of restricted stock units (4)   (4)    
Adjustment to redeemable noncontrolling interests (52)   (52)    
Dividends declared (247)     (247)  
Comprehensive income attributable to Smithfield:          
Net income 484     484  
Other comprehensive income (loss), net of tax $ 9       9
Ending balance (in shares) at Jun. 28, 2026 393,760,231 393,760,231      
Ending balance at Jun. 28, 2026 $ 7,004   3,296 4,012 (304)
Beginning balance (in shares) at Mar. 29, 2026   393,477,263      
Beginning balance at Mar. 29, 2026 6,864   3,292 3,897 (325)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Stock compensation expense 6   6    
Settlement of stock options and restricted stock units (in shares)   282,968      
Settlement of stock options and restricted stock units 5   5    
Adjustment to redeemable noncontrolling interests (7)   (7)    
Dividends declared (124)     (124)  
Comprehensive income attributable to Smithfield:          
Net income 238     238  
Other comprehensive income (loss), net of tax $ 21       21
Ending balance (in shares) at Jun. 28, 2026 393,760,231 393,760,231      
Ending balance at Jun. 28, 2026 $ 7,004   $ 3,296 $ 4,012 $ (304)