XML 36 R71.htm IDEA: XBRL DOCUMENT v2.4.1.9
DEBT Working Capital Facilities (Details) (USD $)
 3 Months Ended 5 Months Ended 12 Months Ended 1 Months Ended 12 Months Ended 8 Months Ended 1 Months Ended
Dec. 29, 2013
Sep. 26, 2013
Dec. 28, 2014
Apr. 28, 2013
Apr. 29, 2012
Dec. 31, 2014
Dec. 29, 2013
Dec. 30, 2012
Aug. 31, 2012
Jun. 30, 2011
Jan. 31, 2013
Aug. 01, 2012
Line of Credit Facility [Line Items]                        
Payments for Repurchase of Warrants $ 79,400,000us-gaap_PaymentsForRepurchaseOfWarrants                      
Line of Credit Facility, Maximum Borrowing Capacity     1,500,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity                  
Loss on debt extinguishment 1,700,000us-gaap_GainsLossesOnExtinguishmentOfDebt     120,700,000us-gaap_GainsLossesOnExtinguishmentOfDebt                
Line of Credit Facility, Amount Outstanding 314,100,000us-gaap_LineOfCredit   50,100,000us-gaap_LineOfCredit       314,100,000us-gaap_LineOfCredit          
Line of Credit Facility, Remaining Borrowing Capacity     1,300,000,000us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity                  
Line of Credit Facility, Average Outstanding Amount 541,700,000us-gaap_LineOfCreditFacilityAverageOutstandingAmount 349,400,000us-gaap_LineOfCreditFacilityAverageOutstandingAmount 443,200,000us-gaap_LineOfCreditFacilityAverageOutstandingAmount 105,400,000us-gaap_LineOfCreditFacilityAverageOutstandingAmount 99,800,000us-gaap_LineOfCreditFacilityAverageOutstandingAmount              
Line of Credit Facility, Interest Rate During Period 3.00%us-gaap_LineOfCreditFacilityInterestRateDuringPeriod 3.00%us-gaap_LineOfCreditFacilityInterestRateDuringPeriod 3.00%us-gaap_LineOfCreditFacilityInterestRateDuringPeriod 5.20%us-gaap_LineOfCreditFacilityInterestRateDuringPeriod 4.90%us-gaap_LineOfCreditFacilityInterestRateDuringPeriod              
Line of Credit Facility, Maximum Amount Outstanding During Period 759,300,000us-gaap_LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod 719,300,000us-gaap_LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod 946,700,000us-gaap_LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod 229,900,000us-gaap_LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod 245,300,000us-gaap_LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod              
Line of Credit Facility, Interest Rate at Period End 2.80%us-gaap_LineOfCreditFacilityInterestRateAtPeriodEnd   3.00%us-gaap_LineOfCreditFacilityInterestRateAtPeriodEnd       2.80%us-gaap_LineOfCreditFacilityInterestRateAtPeriodEnd          
ABL Credit Facility                        
Line of Credit Facility [Line Items]                        
Line of Credit Facility, Maximum Borrowing Capacity, Prior to Refinancing                   1,000,000,000sfd_LineOfCreditFacilityMaximumBorrowingCapacityPriorToRefinancing
/ us-gaap_CreditFacilityAxis
= sfd_AblCreditFacilityMember		    
Loss on debt extinguishment         1,200,000us-gaap_GainsLossesOnExtinguishmentOfDebt
/ us-gaap_CreditFacilityAxis
= sfd_AblCreditFacilityMember		              
Inventory Revolver                        
Line of Credit Facility [Line Items]                        
Line of Credit Facility, Maximum Borrowing Capacity, Prior to Refinancing                   925,000,000sfd_LineOfCreditFacilityMaximumBorrowingCapacityPriorToRefinancing
/ us-gaap_CreditFacilityAxis
= sfd_InventoryRevolverMember		    
Line of Credit Facility, Maximum Borrowing Capacity                     1,025,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_CreditFacilityAxis
= sfd_InventoryRevolverMember		  
Line of Credit Facility, Option to Increase Maximum Borrowing Capacity                   1,225,000,000sfd_LineOfCreditFacilityOptionToIncreaseMaximumBorrowingCapacity
/ us-gaap_CreditFacilityAxis
= sfd_InventoryRevolverMember		    
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage     0.50%us-gaap_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage
/ us-gaap_CreditFacilityAxis
= sfd_InventoryRevolverMember		                  
Line of Credit Facility, Interest Rate Description     LIBOR plus 2.75%                  
Line of Credit Facility, Covenant Terms     The ratio of our funded debt to capitalization (as defined in the Second Amended and Restated Credit Agreement) may not exceed 0.5 to 1.0, and our EBITDA to interest expense ratio (as defined in the Second Amended and Restated Credit Agreement) may not be less than 2.5 to 1.0.                  
Deferred Finance Costs, Gross                     9,700,000us-gaap_DeferredFinanceCostsGross
/ us-gaap_CreditFacilityAxis
= sfd_InventoryRevolverMember		  
Securitization Facility                        
Line of Credit Facility [Line Items]                        
Line of Credit Facility, Maximum Borrowing Capacity     325,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_CreditFacilityAxis
= sfd_SecuritizationFacilityMember		             275,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_CreditFacilityAxis
= sfd_SecuritizationFacilityMember		    
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage           0.40%us-gaap_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage
/ us-gaap_CreditFacilityAxis
= sfd_SecuritizationFacilityMember		 0.45%us-gaap_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage
/ us-gaap_CreditFacilityAxis
= sfd_SecuritizationFacilityMember		          
Line of Credit Facility, Interest Rate Description     0.30% plus 1.05%     0.0105 0.0115          
Deferred Finance Costs, Gross                   1,300,000us-gaap_DeferredFinanceCostsGross
/ us-gaap_CreditFacilityAxis
= sfd_SecuritizationFacilityMember		    
Accounts Receivable Held By SPV     660,500,000sfd_AccountsReceivableHeldBySpv
/ us-gaap_CreditFacilityAxis
= sfd_SecuritizationFacilityMember		                  
Predecessor                        
Line of Credit Facility [Line Items]                        
Loss on debt extinguishment   0us-gaap_GainsLossesOnExtinguishmentOfDebt
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember		   120,700,000us-gaap_GainsLossesOnExtinguishmentOfDebt
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember		 12,200,000us-gaap_GainsLossesOnExtinguishmentOfDebt
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember		     (120,700,000)us-gaap_GainsLossesOnExtinguishmentOfDebt
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember		        
Successor                        
Line of Credit Facility [Line Items]                        
Loss on debt extinguishment 1,700,000us-gaap_GainsLossesOnExtinguishmentOfDebt
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember		   (900,000)us-gaap_GainsLossesOnExtinguishmentOfDebt
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember		                  
Total debt 3,020,100,000us-gaap_LongTermDebt
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember		   2,717,800,000us-gaap_LongTermDebt
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember		       3,020,100,000us-gaap_LongTermDebt
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember		          
Rabobank Term Loan                        
Line of Credit Facility [Line Items]                        
Debt Instrument, Interest Rate Terms                 LIBOR plus 4%, or at our election, a base rate plus 3%      
Debt Instrument, Covenant Description     minimum interest coverage ratio (ratio of consolidated EBITDA to consolidated interest expense) of not less than 1.75 to 1.0 commencing with our third quarter of the twelve months ended April 28, 2013                  
Rabobank Term Loan | Predecessor                        
Line of Credit Facility [Line Items]                        
Total debt                       200,000,000us-gaap_LongTermDebt
/ us-gaap_DebtInstrumentAxis
= sfd_RabobankTermLoanMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Rabobank Term Loan | Successor                        
Line of Credit Facility [Line Items]                        
Total debt     $ 200,000,000us-gaap_LongTermDebt
/ us-gaap_DebtInstrumentAxis
= sfd_RabobankTermLoanMember
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember