XML 84 R108.htm IDEA: XBRL DOCUMENT
v2.4.0.6

REPORTING SEGMENTS Segment Information (Details) (USD $) In Millions, unless otherwise specified | 3 Months Ended | 12 Months Ended
--- | --- | ---
Apr. 29, 2012 | Jan. 29, 2012 | Oct. 30, 2011 | Jul. 31, 2011 | May 01, 2011 | Jan. 30, 2011 | Oct. 31, 2010 | Aug. 01, 2010 | Apr. 29, 2012 | May 01, 2011 | May 02, 2010
Segment Reporting Information [Line Items] |  |  |  |  |  |  |  |  |  |  |
Sales | $ 3,209.2 | $ 3,478.3 | $ 3,312.6 | $ 3,094.2 | $ 3,116.4 | $ 3,186.2 | $ 2,998.8 | $ 2,901.3 | $ 13,094.3 | $ 12,202.7 | $ 11,202.6
Segment sales |  |  |  |  |  |  |  |  | 15,612.3 | 14,384.4 | 12,964.6
Intersegment sales |  |  |  |  |  |  |  |  | (2,518.0) | (2,181.7) | (1,762.0)
Depreciation and amortization |  |  |  |  |  |  |  |  | 242.8 | 231.9 | 242.3
Interest expense |  |  |  |  |  |  |  |  | 176.7 | 245.4 | 266.4
Loss (income) from equity method investments |  |  |  |  |  |  |  |  | 9.9 | (50.1) | (38.6)
Operating profit | 154.2 | 170.5 | 224.7 | 173.2 | 266.6 | 372.7 | 278.1 | 177.6 | 722.6 | 1,095.0 | 62.8
Total assets | 7,422.2 |  |  |  | 7,611.8 |  |  |  | 7,422.2 | 7,611.8 | 7,708.9
Investments | 522.6 |  |  |  | 582.5 |  |  |  | 522.6 | 582.5 | 625.0
Capital expenditures |  |  |  |  |  |  |  |  | 290.7 | 176.8 | 174.7
Pork Segment [Member] |  |  |  |  |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |  |  |  |  |
Segment sales |  |  |  |  |  |  |  |  | 11,093.0 | 10,263.9 | 9,326.3
Intersegment sales |  |  |  |  |  |  |  |  | (37.1) | (30.5) | (31.5)
Depreciation and amortization |  |  |  |  |  |  |  |  | 127.8 | 125.5 | 126.0
Interest expense |  |  |  |  |  |  |  |  | 28.7 | 42.4 | 48.9
Loss (income) from equity method investments |  |  |  |  |  |  |  |  | (2.7) | (2.0) | (3.6)
Operating profit |  |  |  |  |  |  |  |  | 623.7 | 753.4 | 538.7
Total assets | 2,245.6 |  |  |  | 2,620.2 |  |  |  | 2,245.6 | 2,620.2 | 2,579.3
Investments | 18.6 |  |  |  | 17.4 |  |  |  | 18.6 | 17.4 | 17.1
Capital expenditures |  |  |  |  |  |  |  |  | 143.5 | 81.3 | 141.7
Hog Production Segment [Member] |  |  |  |  |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |  |  |  |  |
Segment sales |  |  |  |  |  |  |  |  | 3,052.6 | 2,705.1 | 2,207.8
Intersegment sales |  |  |  |  |  |  |  |  | (2,444.6) | (2,113.0) | (1,695.0)
Depreciation and amortization |  |  |  |  |  |  |  |  | 71.9 | 65.7 | 74.9
Interest expense |  |  |  |  |  |  |  |  | 131.8 | 124.5 | 100.5
Loss (income) from equity method investments |  |  |  |  |  |  |  |  | 0.3 | (0.4) | 0.7
Operating profit |  |  |  |  |  |  |  |  | 166.1 | 224.4 | (539.2)
Total assets | 2,145.4 |  |  |  | 2,074.2 |  |  |  | 2,145.4 | 2,074.2 | 2,020.9
Investments | 2.6 |  |  |  | 2.7 |  |  |  | 2.6 | 2.7 | 2.4
Capital expenditures |  |  |  |  |  |  |  |  | 89.4 | 68.6 | 10.0
International Segment [Member] |  |  |  |  |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |  |  |  |  |
Segment sales |  |  |  |  |  |  |  |  | 1,466.7 | 1,340.7 | 1,277.2
Intersegment sales |  |  |  |  |  |  |  |  | (36.3) | (38.2) | (35.5)
Depreciation and amortization |  |  |  |  |  |  |  |  | 39.9 | 38.1 | 37.4
Interest expense |  |  |  |  |  |  |  |  | 29.8 | 28.2 | 37.7
Loss (income) from equity method investments |  |  |  |  |  |  |  |  | 12.3 | (46.5) | (17.2)
Operating profit |  |  |  |  |  |  |  |  | 42.8 | 115.9 | 127.9
Total assets | 1,651.4 |  |  |  | 1,902.3 |  |  |  | 1,651.4 | 1,902.3 | 1,670.1
Investments | 501.2 |  |  |  | 562.1 |  |  |  | 501.2 | 562.1 | 498.7
Capital expenditures |  |  |  |  |  |  |  |  | 26.5 | 26.8 | 22.1
Other Segment [Member] |  |  |  |  |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |  |  |  |  |
Segment sales |  |  |  |  |  |  |  |  | 0 | 74.7 | 153.3
Depreciation and amortization |  |  |  |  |  |  |  |  | 0 | 0.1 | 0.2
Interest expense |  |  |  |  |  |  |  |  | 0 | 4.2 | 6.9
Loss (income) from equity method investments |  |  |  |  |  |  |  |  | 0 | (1.2) | (18.5)
Operating profit |  |  |  |  |  |  |  |  | 0 | (2.4) | 3.6
Total assets | 0 |  |  |  | 0 |  |  |  | 0 | 0 | 169.4
Investments | 0 |  |  |  | 0 |  |  |  | 0 | 0 | 106.7
Corporate [Member] |  |  |  |  |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization |  |  |  |  |  |  |  |  | 3.2 | 2.5 | 3.8
Interest expense |  |  |  |  |  |  |  |  | (13.6) | 46.1 | 72.4
Operating profit |  |  |  |  |  |  |  |  | (110.0) | 3.7 | (68.2)
Total assets | 1,379.8 |  |  |  | 1,015.1 |  |  |  | 1,379.8 | 1,015.1 | 1,269.2
Investments | 0.2 |  |  |  | 0.3 |  |  |  | 0.2 | 0.3 | 0.1
Capital expenditures |  |  |  |  |  |  |  |  | $ 31.3 | $ 0.1 | $ 0.9

X
- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 12 -Article 7 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Concepts (CON) -Number 6 -Paragraph 25 -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 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 18 -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.18) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_Assets
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3602-108585 + Details
Name: | us-gaap_DepreciationDepletionAndAmortization
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition This item represents the carrying amount on the entity's balance sheet of its investment in common stock of an equity method investee. This is not an indicator of the fair value of the investment, rather it is the initial cost adjusted for the entity's share of earnings and losses of the investee, adjusted for any distributions (dividends) and other than temporary impairment (OTTI) losses recognized. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.12) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=16385135&loc=d3e33749-111570 + Details
Name: | us-gaap_EquityMethodInvestments
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.12) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3602-108585 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 9 -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 28 -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 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph 11 -Article 7 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=16385135&loc=d3e33749-111570 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 18 -Paragraph 6 -Subparagraph 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. Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 18 -Paragraph 19 -Subparagraph c -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
Name: | us-gaap_IncomeLossFromEquityMethodInvestments
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The cost of borrowed funds accounted for as interest that was charged against earnings during the period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph 9 -Article 9 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher OTS -Name Federal Regulation (FR) -Number Title 12 -Section 563c.102 -Paragraph 9 -Chapter V -Subsection II -LegacyDoc This is a non-GAAP reference that was included in the 2009 taxonomy. It will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 34 -Paragraph 21 -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 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6450988&loc=d3e26243-108391 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04.9) -URI http://asc.fasb.org/extlink&oid=6879574&loc=d3e536633-122882 + Details
Name: | us-gaap_InterestExpense
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The net result for the period of deducting operating expenses from operating revenues. + References No definition available. + Details
Name: | us-gaap_OperatingIncomeLoss
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 15 -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 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Investing Activities -URI http://asc.fasb.org/extlink&oid=6516133 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 13 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3213-108585 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 17 -Subparagraph c -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
Name: | us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of revenue from transactions with other operating segments of the same entity. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -Paragraph 27 -Subparagraph 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
Name: | us-gaap_RevenuesFromTransactionsWithOtherOperatingSegmentsOfSameEntity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Aggregate revenue during the period from the sale of goods in the normal course of business, after deducting returns, allowances and discounts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1(a)) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 1 -Article 5 + Details
Name: | us-gaap_SalesRevenueGoodsNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Details
Name: | us-gaap_SegmentReportingInformationLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of total revenue for the reportable segments, including revenue from external customers, transactions with other operating segments of the same entity, and (gross) interest revenue. All considered to be "operating revenue" for purposes of the taxonomy. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Subparagraph (a),(b),(c) -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8736-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -Paragraph 27 -Subparagraph a, b, c -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
Name: | us-gaap_SegmentReportingInformationRevenue
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration