XML 23 R18.htm IDEA: XBRL DOCUMENT v2.4.0.8
REPORTABLE SEGMENT
3 Months Ended
Jul. 28, 2013
Segment Reporting [Abstract]  
REPORTABLE SEGMENTS
REPORTABLE SEGMENTS 
Our operating segments are determined on the basis of how we internally report and evaluate financial information used to
make operating decisions and assess performance. For external reporting purposes, we aggregate operating segments which
have similar economic characteristics, products, production processes, types or classes of customers and distribution methods
into reportable segments based on a combination of factors, including products produced and geographic areas of operations.

Our reportable segments are: Pork, Hog Production, International, Other 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 Smithfield Packing Company, Inc., Farmland Foods, Inc. and John Morrell Food Group. 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.

The following table presents sales and operating profit (loss) by segment for the fiscal periods indicated:
 
 
Three Months Ended
 
 
July 28,
2013
 
July 29,
2012
 
 
(in millions)
Sales:
 
 
 
 
Segment sales—
 
 
 
 
Pork
 
$
2,850.4

 
$
2,599.6

Hog Production
 
872.4

 
728.8

International
 
376.0

 
346.8

Total segment sales
 
4,098.8

 
3,675.2

Intersegment sales—
 
 
 
 
Pork
 
(11.5
)
 
(8.4
)
Hog Production
 
(684.6
)
 
(567.3
)
International
 
(9.4
)
 
(8.2
)
Total intersegment sales
 
(705.5
)
 
(583.9
)
Consolidated sales
 
$
3,393.3

 
$
3,091.3

 
 
 
 
 
Operating profit:
 
 
 
 
Pork
 
$
61.4

 
$
118.6

Hog Production
 
66.5

 
23.1

International
 
1.9

 
15.8

Corporate
 
(32.5
)
 
(25.7
)
Consolidated operating profit
 
$
97.3

 
$
131.8