XML 71 R59.htm IDEA: XBRL DOCUMENT
v3.25.2

DERIVATIVE FINANCIAL INSTRUMENTS - Schedule of Derivative Impact on the Consolidated Statements of Income (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 29, 2025 | Jun. 30, 2024 | Jun. 29, 2025 | Jun. 30, 2024
Derivative [Line Items] |  |  |  |
Total derivative loss | $ (23) | $ (9) | $ (22) | $ (25)
Sales: |  |  |  |
Derivative [Line Items] |  |  |  |
Loss on derivative instruments, net, pretax | (25) | (5) | (27) | (17)
Commodity contracts | Cost of sales: |  |  |  |
Derivative [Line Items] |  |  |  |
Gain (loss) on derivative instruments | 4 | (5) | 8 | (10)
Commodity contracts | Derivatives using the “hedge accounting” method: | Sales: |  |  |  |
Derivative [Line Items] |  |  |  |
Loss on derivative instruments, net, pretax | (6) | (14) | (14) | (12)
Commodity contracts | Derivatives using the “hedge accounting” method: | Cost of sales: |  |  |  |
Derivative [Line Items] |  |  |  |
Gain (loss) on derivative instruments | 2 | (9) | 1 | (13)
Change in fair value of open derivatives | (15) | 5 | (14) | 4
Change in fair value of related hedged items | 15 | (5) | 13 | (4)
Gain (loss) on closed derivatives | (2) | 2 | 0 | 6
Commodity contracts | Derivatives using the “mark-to-market” method: | Sales: |  |  |  |
Derivative [Line Items] |  |  |  |
Loss on derivative instruments, net, pretax | (20) | 9 | (13) | (4)
Commodity contracts | Derivatives using the “mark-to-market” method: | Cost of sales: |  |  |  |
Derivative [Line Items] |  |  |  |
Gain (loss) on derivative instruments | 4 | 2 | 8 | (3)
Foreign currency contracts | Derivatives using the “mark-to-market” method: | Selling, general and administrative expenses: |  |  |  |
Derivative [Line Items] |  |  |  |
Gain (loss) on derivative instruments | (1) | 1 | (1) | 2
Interest rate contracts | Derivatives using the “hedge accounting” method: | Interest expense: |  |  |  |
Derivative [Line Items] |  |  |  |
Gain (loss) on derivative instruments | $ 0 | $ 0 | $ (1) | $ (1)

X
- Definition Change in Fair Value of Open Derivatives + References No definition available. + Details
Name: | smf_ChangeInFairValueOfOpenDerivatives
Namespace Prefix: | smf_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Change in Fair Value of Related Hedged Items + References No definition available. + Details
Name: | smf_ChangeInFairValueOfRelatedHedgedItems
Namespace Prefix: | smf_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Gain (Loss) on Closed Derivatives + References No definition available. + Details
Name: | smf_GainLossOnClosedDerivatives
Namespace Prefix: | smf_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of increase (decrease) in the fair value of derivatives recognized in the income statement. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Subparagraph (b)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 2: http://www.xbrl.org/2003/role/exampleRef -Name Accounting Standards Codification -Section 55 -Paragraph 10 -SubTopic 10 -Topic 825 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482881/825-10-55-10 + Details
Name: | us-gaap_DerivativeGainLossOnDerivativeNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 20 -Name Accounting Standards Codification -Section 25 -Paragraph 6A -Publisher FASB -URI https://asc.fasb.org/1943274/2147480682/815-20-25-6A Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480237/815-40-50-5 + Details
Name: | us-gaap_DerivativeLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Aggregate net gain and losses (whether realized or unrealized) on all derivative instruments held for trading purposes whether or not settled physically. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4CC -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4CC + Details
Name: | us-gaap_GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Aggregate net gain (loss) on all derivative instruments recognized in earnings during the period, before tax effects. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Subparagraph (b)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A + Details
Name: | us-gaap_GainLossOnDerivativeInstrumentsNetPretax
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Details
Name: | us-gaap_IncomeStatementLocationAxis=us-gaap_SalesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=us-gaap_CommodityContractMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_IncomeStatementLocationAxis=us-gaap_CostOfSalesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_HedgingDesignationAxis=us-gaap_DesignatedAsHedgingInstrumentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_HedgingDesignationAxis=us-gaap_NotDesignatedAsHedgingInstrumentEconomicHedgeMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=us-gaap_ForeignExchangeContractMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_IncomeStatementLocationAxis=us-gaap_SellingGeneralAndAdministrativeExpensesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=us-gaap_InterestRateSwapMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_IncomeStatementLocationAxis=us-gaap_InterestExpenseMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |