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INVESTMENTS Investments (Tables) | 12 Months Ended
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Apr. 29, 2012
Schedule of Equity Method Investments [Line Items] |
Schedule of Equity Method Investments [Table Text Block] | Investments consist of the following:
Equity Investment |  | Segment |  | % Owned |  | April 29, 2012 |  | May 1, 2011
|  |  |  |  |  | (in millions)
Campofrío Food Group (CFG) |  | International |  | 37% |  | $ | 385.2 |  |  | $ | 445.1 |
Mexican joint ventures |  | International |  | 50% |  | 111.2 |  |  | 110.2 |
All other equity method investments |  | Various |  | Various |  | 26.2 |  |  | 27.2 |
Total investments |  |  |  |  |  | $ | 522.6 |  |  | $ | 582.5 |
Schedule of (Income) Loss from Equity Method Investments [Table Text Block] | Loss (income) from equity method investments consists of the following:
|  |  |  | Fiscal Years
Equity Investment |  | Segment |  | 2012 |  | 2011 |  | 2010
|  |  |  | (in millions)
CFG (1) |  | International |  | $ | 25.0 |  |  | $ | (17.0 | ) |  | $ | (4.5 | )
Mexican joint ventures |  | International |  | (13.4 | ) |  | (29.6 | ) |  | (13.2 | )
Butterball (2) |  | Other |  | — |  |  | (1.3 | ) |  | (18.8 | )
All other equity method investments |  | Various |  | (1.7 | ) |  | (2.2 | ) |  | (2.1 | )
Loss (income) from equity method investments |  |  |  | $ | 9.9 |  |  | $ | (50.1 | ) |  | $ | (38.6 | )
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(1) | CFG prepares its financial statements in accordance with International Financial Reporting Standards. Our share of CFG’s results reflects U.S. GAAP adjustments and thus, there may be differences between the amounts we report for CFG and the amounts reported by CFG.
(2) | In the third quarter of fiscal 2011, we completed the sale of Butterball. See Note 3—Impairment and Disposal of Long-lived Assets for further discussion.
Campofrio Food Group [Member] |
Schedule of Equity Method Investments [Line Items] |
Per Share Price for Equtiy Method Investment [Table Text Block] | The table below shows CFG's intra-day high share price and Smithfield's carrying value, expressed in euro per share, on various dates relevant to our disclosures.
Date |  | Share Price |  | Carrying Value
February 17, 2012 |  | € | 7.20 |  |  | € | 7.54 |
April 29, 2012 (1) |  | € | 6.30 |  |  | € | 7.70 |
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(1) | Share prices on year-end dates reflect the last trading day in the fiscal year.
Schedule of Summarized Financial Information for Equity Method Investment [Table Text Block] | The following summarized financial information for CFG is based on CFG's financial statements and translated into U.S. Dollars:
|  | Fiscal Years
|  | 2012 |  | 2011 |  | 2010
|  | (in millions)
Income statement information: |  |  |  |  |  |
Sales |  | $ | 2,536.1 |  |  | $ | 2,433.3 |  |  | $ | 2,593.8 |
Gross profit |  | 583.0 |  |  | 423.0 |  |  | 559.6 |
Net income (loss) |  | (71.2 | ) |  | 46.1 |  |  | 12.9 |
|  |  |  |  | April 29, 2012 |  | May 1, 2011
|  |  |  |  | (in millions)
Balance sheet information: |  |  |  |  |  |  |  |  |
Current assets |  |  |  |  | $ | 944.5 |  |  | $ | 1,025.6 |
Long-term assets |  |  |  |  | 1,930.4 |  |  | 1,856.1 |
Current liabilities |  |  |  |  | 941.9 |  |  | 874.1 |
Long-term liabilities |  |  |  |  | 1,168.1 |  |  | 990.9 |

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- Definition Tabular disclosure of equity method investments in common stock. The disclosure may include: (a) the name of each investee or group of investments for which combined disclosure is appropriate, (2) the percentage ownership of common stock, (3) the difference, if any, between the carrying amount of an investment and the value of the underlying equity in the net assets and the accounting treatment of difference, if any, and (4) the aggregate value of each identified investment based on its quoted market price, if available. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6382943&loc=d3e33918-111571 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 18 -Paragraph 20 -Subparagraph a, b -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. + Details
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