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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended
Mar. 30, 2025
Mar. 31, 2024
Income Statement [Abstract]    
Sales $ 3,771 $ 3,444
Cost of sales 3,262 3,083
Gross profit 510 362
Selling, general and administrative expenses 197 199
Operating gains (9) (1)
Operating profit 321 163
Interest expense, net 11 16
Non-operating (gains) losses 6 (4)
Income from continuing operations before income taxes 304 152
Income tax expense 72 39
Loss from equity method investments 5 1
Net income from continuing operations 227 112
Net income (loss) from continuing operations attributable to noncontrolling interests 4 (2)
Net income from continuing operations attributable to Smithfield 224 114
Income from discontinued operations before income taxes 0 54
Income tax expense from discontinued operations 0 12
Net income from discontinued operations 0 42
Net income from discontinued operations attributable to noncontrolling interests 0 0
Net income from discontinued operations attributable to Smithfield 0 42
Net income 227 154
Net income (loss) attributable to noncontrolling interests 4 (1)
Net income attributable to Smithfield $ 224 $ 156
Basic and diluted:    
Continuing operations, basic (in dollars per share) $ 0.57 $ 0.30
Continuing operations, diluted (in dollars per share) 0.57 0.30
Discontinued operations, basic (in dollars per share) 0 0.11
Discontinued operations, diluted (in dollars per share) 0 0.11
Total, diluted (in dollars per share) 0.57 0.41
Total, basic (in dollars per share) $ 0.57 $ 0.41
Weighted average shares outstanding    
Basic (in shares) 388,812,663 380,069,232
Diluted (in shares) 389,064,212 380,069,232