XML 14 R39.htm IDEA: XBRL DOCUMENT
v2.4.1.9

FAIR VALUE MEASUREMENTS Fair Value Measurements (Tables) | 12 Months Ended
--- | ---
Dec. 28, 2014
Fair Value Disclosures [Abstract] |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | The following tables set forth, by level within the fair value hierarchy, our financial assets and liabilities, including assets held in a rabbi trust used to fund the Supplemental Plan, that were measured at fair value on a recurring basis as of December 28, 2014 and December 29, 2013:
|  | December 28, 2014 |  | December 29, 2013
|  | Level 1 |  | Level 2 |  | Level 3 |  | Total |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
|  | (in millions) |  | (in millions)
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivatives: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commodity contracts |  | $ | 57.8 |  |  | $ | 0.1 |  |  | $ | — |  |  | $ | 57.9 |  |  | $ | 0.2 |  |  | $ | 4.9 |  |  | $ | — |  |  | $ | 5.1 |
Foreign exchange contracts |  | — |  |  | 0.4 |  |  | — |  |  | 0.4 |  |  | — |  |  | 1.2 |  |  | — |  |  | 1.2 |
Bond securities |  | 15.9 |  |  | — |  |  | — |  |  | 15.9 |  |  | 19.8 |  |  | — |  |  | — |  |  | 19.8 |
Insurance contracts |  | — |  |  | 70.0 |  |  | — |  |  | 70.0 |  |  | — |  |  | 65.8 |  |  | — |  |  | 65.8 |
Total |  | $ | 73.7 |  |  | $ | 70.5 |  |  | $ | — |  |  | $ | 144.2 |  |  | $ | 20.0 |  |  | $ | 71.9 |  |  | $ | — |  |  | $ | 91.9 |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivatives: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commodity contracts |  | 18.0 |  |  | 19.4 |  |  | — |  |  | 37.4 |  |  | 15.1 |  |  | 5.4 |  |  | — |  |  | 20.5 |
Interest rate swaps |  | — |  |  | 0.1 |  |  | — |  |  | 0.1 |  |  | — |  |  | — |  |  | — |  |  | — |
Foreign exchange contracts |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 0.2 |  |  | — |  |  | 0.2 |
Total |  | $ | 18.0 |  |  | $ | 19.5 |  |  | $ | — |  |  | $ | 37.5 |  |  | $ | 15.1 |  |  | $ | 5.6 |  |  | $ | — |  |  | $ | 20.7 |
Schedule of Fair Value, Pension Plan Asset [Table Text Block] | The following table summarizes our qualified pension plan assets measured at fair value on a recurring basis (at least annually) as of December 28, 2014 and December 29, 2013:
|  | December 28, 2014 |  | December 29, 2013
|  | Level 1 |  | Level 2 |  | Level 3 |  | Total |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
|  | (in millions) |  | (in millions)
Cash and cash equivalents |  | $ | 95.0 |  |  | $ | — |  |  | $ | — |  |  | $ | 95.0 |  |  | $ | 53.2 |  |  | $ | — |  |  | $ | — |  |  | $ | 53.2 |
Equity securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. common stock: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Health care |  | 30.7 |  |  | — |  |  | — |  |  | 30.7 |  |  | 28.2 |  |  | — |  |  | — |  |  | 28.2 |
Financial services |  | 44.5 |  |  | — |  |  | — |  |  | 44.5 |  |  | 33.4 |  |  | — |  |  | — |  |  | 33.4 |
Retail and consumer products |  | 36.5 |  |  | — |  |  | — |  |  | 36.5 |  |  | 40.0 |  |  | — |  |  | — |  |  | 40.0 |
Energy |  | 9.4 |  |  | — |  |  | — |  |  | 9.4 |  |  | 15.0 |  |  | — |  |  | — |  |  | 15.0 |
Information technology |  | 75.3 |  |  | — |  |  | — |  |  | 75.3 |  |  | 42.7 |  |  | — |  |  | — |  |  | 42.7 |
Manufacturing and industrials |  | 26.0 |  |  | — |  |  | — |  |  | 26.0 |  |  | 20.5 |  |  | — |  |  | — |  |  | 20.5 |
Telecommunications |  | 4.7 |  |  | — |  |  | — |  |  | 4.7 |  |  | 6.5 |  |  | — |  |  | — |  |  | 6.5 |
International common stock |  | 131.8 |  |  | — |  |  | — |  |  | 131.8 |  |  | 139.3 |  |  | — |  |  | — |  |  | 139.3 |
Mutual funds: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
International |  | — |  |  | 75.0 |  |  | — |  |  | 75.0 |  |  | — |  |  | 95.9 |  |  | — |  |  | 95.9 |
Domestic small cap |  | — |  |  | 25.5 |  |  | — |  |  | 25.5 |  |  | — |  |  | 34.2 |  |  | — |  |  | 34.2 |
Commingled funds: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mutual funds |  | — |  |  | 14.0 |  |  | — |  |  | 14.0 |  |  | — |  |  | 18.1 |  |  | — |  |  | 18.1 |
Asset-backed securities |  | — |  |  | 17.4 |  |  | — |  |  | 17.4 |  |  | — |  |  | 15.7 |  |  | — |  |  | 15.7 |
Emerging markets securities |  | — |  |  | 22.6 |  |  | — |  |  | 22.6 |  |  | — |  |  | 23.5 |  |  | — |  |  | 23.5 |
Corporate debt securities |  | — |  |  | 297.2 |  |  | — |  |  | 297.2 |  |  | — |  |  | 343.1 |  |  | — |  |  | 343.1 |
Government debt securities |  | — |  |  | 204.2 |  |  | — |  |  | 204.2 |  |  | — |  |  | 112.0 |  |  | — |  |  | 112.0 |
Alternative investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Diversified investment funds |  | — |  |  | 59.5 |  |  | — |  |  | 59.5 |  |  | — |  |  | 55.8 |  |  | — |  |  | 55.8 |
Limited partnerships |  | — |  |  | — |  |  | 36.4 |  |  | 36.4 |  |  | — |  |  | — |  |  | 37.8 |  |  | 37.8 |
Insurance contracts |  | — |  |  | — |  |  | 0.9 |  |  | 0.9 |  |  | — |  |  | — |  |  | 1.1 |  |  | 1.1 |
Total fair value |  | $ | 453.9 |  |  | $ | 715.4 |  |  | $ | 37.3 |  |  | 1,206.6 |  |  | $ | 378.8 |  |  | $ | 698.3 |  |  | $ | 38.9 |  |  | 1,116.0 |
Unsettled transactions, net |  |  |  |  |  |  |  | 8.1 |  |  |  |  |  |  |  |  | 6.8 |
Total plan assets |  |  |  |  |  |  |  | $ | 1,214.7 |  |  |  |  |  |  |  |  | $ | 1,122.8 |
Schedule of Level Three Defined Benefit Plan Assets Roll Forward [Table Text Block] | The following table summarizes the changes in our Level 3 pension plan assets for the twelve months ended December 28, 2014 and the eight months ended December 29, 2013:
|  | Insurance Contracts |  | Limited Partnerships
|  | (in millions)
Balance, April 28, 2013 |  | $ | 1.2 |  |  | $ | 40.1 |
Actual return on plan assets: |  |  |  |
Related to assets held at the reporting date |  | — |  |  | (10.4 | )
Related to assets sold during the period |  | — |  |  | 4.0 |
Purchases, sales and settlements, net |  | (0.1 | ) |  | 4.1 |
Balance, December 29, 2013 |  | 1.1 |  |  | 37.8 |
Actual return on plan assets: |  |  |  |
Related to assets held at the reporting date |  | — |  |  | (10.3 | )
Related to assets sold during the period |  | — |  |  | 6.0 |
Purchases, sales and settlements, net |  | (0.2 | ) |  | 2.9 |
Balance, December 28, 2014 |  | $ | 0.9 |  |  | $ | 36.4 |
Fair Value and Carrying Value of Debt [Table Text Block] | The following table presents the fair value and carrying value of long-term debt, including the current portion of long-term debt as of December 28, 2014 and December 29, 2013:
|  | December 28, 2014 |  | December 29, 2013 |
|  | Fair Value |  | Carrying Value |  | Fair Value |  | Carrying Value |
|  | (in millions)
Debt |  | $ | 2,782.0 |  |  | $ | 2,717.8 |  |  | $ | 3,120.2 |  |  | $ | 3,020.1 |  |

X
- Definition Fair Value and Carrying Value of Debt [Table Text Block] + References No definition available. + Details
Name: | sfd_FairValueAndCarryingValueOfDebtTableTextBlock
Namespace Prefix: | sfd_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of Fair Value, Pension Plan Asset [Table Text Block] + References No definition available. + Details
Name: | sfd_ScheduleOfFairValuePensionPlanAssetTableTextBlock
Namespace Prefix: | sfd_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of the effect of fair value measurements using significant unobservable inputs (Level 3) on changes in plan assets of pension plans and/or other employee benefit plans for the period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(4) -URI http://asc.fasb.org/extlink&oid=35743120&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfEffectOfSignificantUnobservableInputsChangesInPlanAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19190-110258 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration