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REPORTABLE SEGMENT | 6 Months Ended
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Oct. 27, 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 S mithfield 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 tables present sales and operating profit (loss) by segment for the fiscal periods indicated:
|  | Successor |  | Predecessor
|  | September 27 - October 27, 2013 |  | July 29 - September 26, 2013 |  | Three Months Ended
|  |  |  | October 28, 2012
|  | (in millions)
Sales: |  |  |  |  |  |
Segment sales— |  |  |  |  |  |
Pork |  | $ | 960.3 |  |  | $ | 1,931.6 |  |  | $ | 2,720.9 |
Hog Production |  | 280.5 |  |  | 566.7 |  |  | 734.0 |
International |  | 137.6 |  |  | 267.6 |  |  | 358.6 |
Total segment sales |  | 1,378.4 |  |  | 2,765.9 |  |  | 3,813.5 |
Intersegment sales— |  |  |  |  |  |
Pork |  | (3.6 | ) |  | (7.5 | ) |  | (12.3 | )
Hog Production |  | (232.6 | ) |  | (465.7 | ) |  | (568.0 | )
International |  | (3.1 | ) |  | (6.5 | ) |  | (7.4 | )
Total intersegment sales |  | (239.3 | ) |  | (479.7 | ) |  | (587.7 | )
Consolidated sales |  | $ | 1,139.1 |  |  | $ | 2,286.2 |  |  | $ | 3,225.8 |
Operating profit: |  |  |  |  |  |
Pork |  | $ | 33.4 |  |  | $ | 37.1 |  |  | $ | 194.3 |
Hog Production |  | (1.5 | ) |  | 14.9 |  |  | (32.6 | )
International |  | 5.8 |  |  | 14.0 |  |  | 40.9 |
Corporate |  | (28.3 | ) |  | (34.1 | ) |  | (24.3 | )
Consolidated operating profit |  | $ | 9.4 |  |  | $ | 31.9 |  |  | $ | 178.3 |
|  | Successor |  | Predecessor
|  | September 27 - October 27, 2013 |  | April 29 - September 26, 2013 |  | Six Months Ended
|  |  |  | October 28, 2012
|  | (in millions)
Sales: |  |  |  |  |  |
Segment sales— |  |  |  |  |  |
Pork |  | $ | 960.3 |  |  | $ | 4,782.0 |  |  | $ | 5,320.5 |
Hog Production |  | 280.5 |  |  | 1,439.1 |  |  | 1,462.8 |
International |  | 137.6 |  |  | 643.6 |  |  | 705.4 |
Total segment sales |  | 1,378.4 |  |  | 6,864.7 |  |  | 7,488.7 |
Intersegment sales— |  |  |  |  |  |
Pork |  | (3.6 | ) |  | (19.0 | ) |  | (20.7 | )
Hog Production |  | (232.6 | ) |  | (1,150.3 | ) |  | (1,135.3 | )
International |  | (3.1 | ) |  | (15.9 | ) |  | (15.6 | )
Total intersegment sales |  | (239.3 | ) |  | (1,185.2 | ) |  | (1,171.6 | )
Consolidated sales |  | $ | 1,139.1 |  |  | $ | 5,679.5 |  |  | $ | 6,317.1 |
Operating profit: |  |  |  |  |  |
Pork |  | $ | 33.4 |  |  | $ | 98.5 |  |  | $ | 312.9 |
Hog Production |  | (1.5 | ) |  | 81.4 |  |  | (9.5 | )
International |  | 5.8 |  |  | 15.9 |  |  | 56.7 |
Corporate |  | (28.3 | ) |  | (66.6 | ) |  | (50.0 | )
Consolidated operating profit |  | $ | 9.4 |  |  | $ | 129.2 |  |  | $ | 310.1 |
The following table presents total assets by segment for the fiscal periods indicated:
|  | Successor (1) |  | Predecessor
|  | October 27, 2013 |  | April 28, 2013
|  | (in millions)
Pork |  | $ | 2,574.6 |  |  | $ | 2,059.5 |
Hog Production |  | 2,174.0 |  |  | 1,879.5 |
International |  | 1,656.9 |  |  | 1,572.5 |
Corporate |  | 2,107.3 |  |  | 1,422.5 |
Goodwill (2) |  | 1,601.8 |  |  | 782.4 |
Consolidated total assets |  | $ | 10,114.6 |  |  | $ | 7,716.4 |
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(1) | The amounts presented are based on the preliminary allocation of consideration to the assets acquired and liabilities assumed by Shuanghui in the Merger and reflect preliminary fair value estimates based on management's analysis, including preliminary work performed by third-party valuation specialists, which are subject to change within the measurement period as valuations are finalized. See Note 2—Merger and Acquisition for further discussion.
(2) | As noted in Note 2—Merger and Acquisition, goodwill recognized as a result of the Merger has not been allocated to our reportable segments as of October 27, 2013. We have chosen to present goodwill unallocated as of April 28, 2013 so that the two periods are comparable.

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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 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 2: 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 3: 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 4: 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 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 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 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 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: 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 11: 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 Reference 12: 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 13: 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 14: 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 + Details
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