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REPORTABLE SEGMENT | 6 Months Ended
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Oct. 30, 2011
Segment Reporting [Abstract] |
REPORTABLE SEGMENTS | REPORTABLE SEGMENTS We conduct our operations through four reportable segments: Pork, Hog Production, International and Corporate, each of which is comprised of a number of subsidiaries, joint ventures and other investments. The Pork segment consists mainly of our three wholly-owned U.S. fresh pork and packaged meats subsidiaries. The Hog Production segment consists of our hog production operations located in the U.S. The International segment is comprised mainly of our meat processing and distribution operations in Poland, Romania and the United Kingdom, our interests in meat processing operations, mainly in Western Europe and Mexico, our hog production operations located in Poland and Romania and our interests in hog production operations in Mexico. The Corporate segment provides management and administrative services to support our other segments. A fifth reportable segment, the Other segment, contains the results of our former turkey production operations and our previous interest in Butterball, which were sold in December 2010 (fiscal 2011). The following table presents sales and operating profit (loss) by segment for the fiscal periods indicated:
|  | Three Months Ended |  | Six Months Ended
|  | October 30, 2011 |  | October 31, 2010 |  | October 30, 2011 |  | October 31, 2010
|  | (in millions) |  | (in millions)
Sales: |  |  |  |  |  |  |  |
Segment sales— |  |  |  |  |  |  |  |
Pork |  | $ | 2,774.8 |  |  | $ | 2,478.1 |  |  | $ | 5,372.1 |  |  | $ | 4,891.6 |
Hog Production |  | 785.3 |  |  | 706.6 |  |  | 1,535.1 |  |  | 1,354.9 |
International |  | 391.1 |  |  | 329.4 |  |  | 766.1 |  |  | 645.7 |
Other |  | — |  |  | 31.4 |  |  | — |  |  | 61.8 |
Total segment sales |  | 3,951.2 |  |  | 3,545.5 |  |  | 7,673.3 |  |  | 6,954.0 |
Intersegment sales— |  |  |  |  |  |  |  |
Pork |  | (6.3 | ) |  | (6.3 | ) |  | (15.7 | ) |  | (13.8 | )
Hog Production |  | (624.7 | ) |  | (530.5 | ) |  | (1,236.3 | ) |  | (1,020.6 | )
International |  | (7.6 | ) |  | (9.9 | ) |  | (14.5 | ) |  | (19.5 | )
Total intersegment sales |  | (638.6 | ) |  | (546.7 | ) |  | (1,266.5 | ) |  | (1,053.9 | )
Consolidated sales |  | $ | 3,312.6 |  |  | $ | 2,998.8 |  |  | $ | 6,406.8 |  |  | $ | 5,900.1 |
Operating profit (loss): |  |  |  |  |  |  |  |
Pork |  | $ | 171.2 |  |  | $ | 188.9 |  |  | $ | 307.9 |  |  | $ | 302.2 |
Hog Production |  | 63.9 |  |  | 78.3 |  |  | 133.6 |  |  | 142.1 |
International |  | 17.3 |  |  | 44.1 |  |  | 17.3 |  |  | 68.6 |
Other |  | — |  |  | (3.0 | ) |  | — |  |  | (1.8 | )
Corporate |  | (27.7 | ) |  | (30.2 | ) |  | (60.9 | ) |  | (55.4 | )
Consolidated operating profit |  | $ | 224.7 |  |  | $ | 278.1 |  |  | $ | 397.9 |  |  | $ | 455.7 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 + Details
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