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REPORTABLE SEGMENT | 6 Months Ended
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Jul. 03, 2016
Segment Reporting [Abstract] |
Segment Reporting Disclosure [Text Block] | NOTE 9: 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 Fresh Pork, Packaged Meats, Hog Production, International and Corporate. The Fresh Pork segment consists of our U.S. fresh pork operations. The Packaged Meats segment consists of our U.S. packaged meats operations. The Hog Production segment consists of our U.S. hog production operations. 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 in Mexico, our hog production operations located in Poland and Romania, our interests in hog production operations in Mexico, and our former investment in Campofrío Food Group. 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 periods indicated:
|  | Three Months Ended |  | Six Months Ended
|  | July 3, 2016 |  | June 28, 2015 |  | July 3, 2016 |  | June 28, 2015
|  | (in millions) |  | (in millions)
Sales: |  |  |  |  |  |  |  |
Segment sales— |  |  |  |  |  |  |  |
Fresh Pork |  | $ | 1,352.2 |  |  | $ | 1,364.5 |  |  | $ | 2,470.4 |  |  | $ | 2,698.6 |
Packaged Meats |  | 1,656.7 |  |  | 1,545.6 |  |  | 3,402.0 |  |  | 3,255.2 |
Hog Production |  | 676.4 |  |  | 784.6 |  |  | 1,296.7 |  |  | 1,591.0 |
International |  | 371.4 |  |  | 352.5 |  |  | 688.2 |  |  | 682.7 |
Total segment sales |  | 4,056.7 |  |  | 4,047.2 |  |  | 7,857.3 |  |  | 8,227.5 |
Intersegment sales— |  |  |  |  |  |  |  |
Fresh Pork |  | (18.9 | ) |  | (14.1 | ) |  | (34.1 | ) |  | (28.8 | )
Packaged Meats |  | (0.1 | ) |  | (0.1 | ) |  | (0.1 | ) |  | (0.1 | )
Hog Production |  | (534.7 | ) |  | (533.7 | ) |  | (1,002.8 | ) |  | (1,072.5 | )
International |  | (10.4 | ) |  | (12.7 | ) |  | (21.4 | ) |  | (23.0 | )
Total intersegment sales |  | (564.1 | ) |  | (560.6 | ) |  | (1,058.4 | ) |  | (1,124.4 | )
Consolidated sales |  | $ | 3,492.6 |  |  | $ | 3,486.6 |  |  | $ | 6,798.9 |  |  | $ | 7,103.1 |
Operating profit (loss): |  |  |  |  |  |  |  |
Fresh Pork |  | 57.9 |  |  | (15.1 | ) |  | 157.8 |  |  | 18.1 |
Packaged Meats |  | 172.9 |  |  | 176.3 |  |  | 380.0 |  |  | 348.8 |
Hog Production |  | 15.2 |  |  | 39.1 |  |  | (68.3 | ) |  | 32.7 |
International |  | 19.2 |  |  | 14.8 |  |  | 33.4 |  |  | 30.7 |
Corporate |  | (28.1 | ) |  | (29.0 | ) |  | (55.7 | ) |  | (56.0 | )
Consolidated operating profit |  | $ | 237.1 |  |  | $ | 186.1 |  |  | $ | 447.2 |  |  | $ | 374.3 |

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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 34 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599 Reference 2: 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=68060357&loc=d3e9038-108599 Reference 3: 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=68060357&loc=d3e8971-108599 Reference 4: 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=68060357&loc=d3e8595-108599 Reference 5: 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=68060357&loc=d3e8380-108599 Reference 6: 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=68060357&loc=d3e8933-108599 Reference 7: 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=68060357&loc=d3e8844-108599 Reference 8: 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=68060357&loc=d3e8984-108599 Reference 9: 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=68060357&loc=d3e9031-108599 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=68060357&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 10 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8538-108599 Reference 12: 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=68060357&loc=d3e8864-108599 Reference 13: 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=68060357&loc=d3e8924-108599 Reference 14: 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=68060357&loc=d3e8906-108599 + Details
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