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REPORTABLE SEGMENT
 6 Months Ended
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 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 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

——————————————
(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.