v3.26.3
REPORTABLE SEGMENTS - Schedule of Reconciliation Reporting Segments (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 27, 2026
Sep. 28, 2025
Sep. 27, 2026
Sep. 28, 2025
Segment Reporting [Line Items]        
Sales $ 3,437 $ 3,747 $ 10,937 $ 11,304
Cost of sales 3,124 3,268 9,634 9,817
Selling, general and administrative expenses 193 178 564 643
Operating gains (7) (9) (11) (48)
Operating profit (loss) 127 310 750 892
Interest expense, net 6 11 22 33
Non-operating (gains) losses 1 (19) (15) (17)
Income before income taxes 120 318 743 876
Depreciation and amortization 86 82 255 248
Capital expenditures 117 88 281 246
Packaged Meats        
Segment Reporting [Line Items]        
Sales 1,981 2,090 6,153 6,193
Fresh Pork        
Segment Reporting [Line Items]        
Sales 1,108 1,275 3,599 3,792
Hog Production        
Segment Reporting [Line Items]        
Sales 197 251 708 965
Other        
Segment Reporting [Line Items]        
Sales 151 131 478 355
Operating Segments        
Segment Reporting [Line Items]        
Sales 3,437 3,747 10,937 11,304
Operating Segments | Packaged Meats        
Segment Reporting [Line Items]        
Sales 1,982 2,090 6,154 6,193
Cost of sales 1,653 1,770 5,100 5,126
Selling, general and administrative expenses 100 95 284 275
Operating gains 0 0 0 0
Operating profit (loss) 230 226 770 792
Depreciation and amortization 34 33 100 99
Capital expenditures 45 41 123 119
Operating Segments | Fresh Pork        
Segment Reporting [Line Items]        
Sales 1,814 2,185 5,834 6,299
Cost of sales 1,867 2,135 5,715 6,046
Selling, general and administrative expenses 37 40 116 125
Operating gains 0 0 0 0
Operating profit (loss) (89) 10 3 127
Depreciation and amortization 28 27 84 82
Capital expenditures 53 30 110 77
Operating Segments | Hog Production        
Segment Reporting [Line Items]        
Sales 691 813 2,232 2,585
Cost of sales 649 714 2,101 2,442
Selling, general and administrative expenses 8 10 27 31
Operating gains 0 0 0 0
Operating profit (loss) 34 89 103 112
Depreciation and amortization 13 14 40 42
Capital expenditures 14 14 33 38
Operating Segments | Other        
Segment Reporting [Line Items]        
Sales 151 131 478 355
Cost of sales 150 116 455 307
Selling, general and administrative expenses 6 5 19 17
Operating gains 0 0 0 0
Operating profit (loss) (5) 10 4 32
Depreciation and amortization 7 7 21 20
Capital expenditures 5 3 8 7
Corporate        
Segment Reporting [Line Items]        
Sales 0 0 0 0
Cost of sales 0 0 0 0
Selling, general and administrative expenses 25 24 78 79
Operating gains 0 0 0 0
Operating profit (loss) (25) (24) (78) (79)
Depreciation and amortization 0 0 1 1
Capital expenditures 0 1 7 6
Unallocated        
Segment Reporting [Line Items]        
Sales 0 0 0 0
Cost of sales 7 5 24 25
Selling, general and administrative expenses 17 5 39 116
Operating gains (7) (9) (11) (48)
Operating profit (loss) (18) (1) (52) (92)
Interest expense, net 6 11 22 33
Non-operating (gains) losses 1 (19) (15) (17)
Depreciation and amortization 4 1 9 4
Capital expenditures 0 0 0 0
Intersegment        
Segment Reporting [Line Items]        
Sales (1,202) (1,473) (3,761) (4,129)
Cost of sales (1,202) (1,473) (3,761) (4,129)
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 1 0 1 0
Intersegment | Fresh Pork        
Segment Reporting [Line Items]        
Sales 707 910 2,235 2,507
Intersegment | Hog Production        
Segment Reporting [Line Items]        
Sales 494 562 1,524 1,621
Intersegment | Other        
Segment Reporting [Line Items]        
Sales $ 0 $ 0 $ 0 $ 1