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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Dec. 29, 2024
Dec. 31, 2023
Jan. 01, 2023
Cash flows from operating activities:      
Net income $ 970 $ 23 $ 881
Net income from discontinued operations attributable to Smithfield (172) (155) (70)
Net income (loss) from continuing operations 798 (133) 811
Adjustments to reconcile net income from continuing operations to net cash flows from operating activities of continuing operations:      
Depreciation and amortization 339 427 440
Deferred income taxes 91 (130) 2
Impairment of assets 1 1 40
Gain on sale/dilution of equity method investments 0 0 (56)
(Income) loss from equity method investments (8) 46 6
Business dispositions 15 11 (414)
(Gain) loss on sale of property, plant and equipment (35) (85) 1
Change in accounts receivable (6) 157 (33)
Change in inventories 138 469 (307)
Change in prepaid expenses and other current assets (88) 57 (23)
Change in accounts payable (19) (215) 121
Change in accrued expenses and other current liabilities (261) 80 (24)
Other (49) 2 (42)
Net cash flows from operating activities of continuing operations 916 688 521
Cash flows from investing activities:      
Capital expenditures (350) (353) (338)
Net expenditures from breeding stock transactions (43) (48) (1)
Investments in partnerships and other assets (13) (27) (22)
Proceeds from the sale of investments 0 0 21
Business dispositions 0 13 606
Proceeds from sale of property, plant and equipment and other assets 99 219 8
Other 9 3 1
Net cash flows from (used in) investing activities of continuing operations (298) (194) 274
Cash flows from financing activities:      
Payment of dividends (288) (323) (496)
Repayments to Securitization Facility (14) (226) (785)
Proceeds from Securitization Facility 14 226 785
Purchase of redeemable noncontrolling interest 0 (15) 0
Net repayments to revolving credit facilities (8) (7) (13)
Principal payments on long-term debt and finance lease obligations (24) (4) (3)
Payment of deferred purchase consideration for acquisition (2) (2) (55)
Other 1 (2) 0
Net cash flows used in financing activities of continuing operations (321) (353) (567)
Effect of foreign exchange rate changes on cash from continuing operations (7) 3 8
Cash flows from discontinued operations      
Net cash flows from (used in) operating activities of discontinued operations 221 346 (4)
Net cash flows from (used in) investing activities of discontinued operations (171) (128) (81)
Net cash flows from (used in) financing activities of discontinued operations (143) (180) 90
Effect of foreign exchange rate changes on cash from discontinued operations (5) 0 4
Net change in cash and cash equivalents of discontinued operations (98) 38 8
Net change in cash, cash equivalents and restricted cash 192 181 245
Cash, cash equivalents and restricted cash at beginning of period (including discontinued operations) 751 570 325
Cash, cash equivalents and restricted cash at end of period (including discontinued operations) 943 751 570
Less: Cash, cash equivalents and restricted cash attributable discontinued operations at end of period 0 (64) (23)
Cash, cash equivalents and restricted cash at end of period $ 943 $ 687 $ 547