XML 14 R2.htm IDEA: XBRL DOCUMENT v3.25.3
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 28, 2025
Sep. 30, 2024
Sep. 28, 2025
Sep. 30, 2024
Income Statement [Abstract]        
Sales $ 3,747 $ 3,334 $ 11,304 $ 10,190
Cost of sales 3,268 2,859 9,817 8,826
Gross profit 479 476 1,487 1,364
Selling, general and administrative expenses 178 200 643 594
Operating gains (9) (10) (48) (12)
Operating profit 310 285 892 783
Interest expense, net 11 17 33 52
Non-operating gains (19) (7) (17) (13)
Income from continuing operations before income taxes 318 276 876 745
Income tax expense 71 69 205 165
Loss (income) from equity method investments (4) (3) 4 (1)
Net income from continuing operations 252 209 667 581
Net income from continuing operations attributable to noncontrolling interests 4 7 7 9
Net income from continuing operations attributable to Smithfield 248 202 660 572
Income from discontinued operations before income taxes 0 49 0 187
Income tax expense (benefit) from discontinued operations 0 (41) 0 8
Net income from discontinued operations 0 90 0 179
Net income from discontinued operations attributable to noncontrolling interests 0 1 0 2
Net income from discontinued operations attributable to Smithfield 0 89 0 176
Net income 252 300 667 760
Net income attributable to noncontrolling interests 4 8 7 11
Net income attributable to Smithfield $ 248 $ 291 $ 660 $ 749
Basic and diluted:        
Continuing operations, basic (in dollars per share) $ 0.63 $ 0.53 $ 1.68 $ 1.51
Continuing operations, diluted (in dollars per share) 0.63 0.53 1.68 1.51
Discontinued operations, basic (in dollars per share) 0 0.23 0 0.46
Discontinued operations, diluted (in dollars per share) 0 0.23 0 0.46
Total, basic (in dollars per share) 0.63 0.77 1.68 1.97
Total, diluted (in dollars per share) $ 0.63 $ 0.77 $ 1.68 $ 1.97
Weighted-average shares outstanding:        
Basic (in shares) 393,112,711 380,069,232 391,679,362 380,069,232
Diluted (in shares) 394,594,035 380,069,232 392,307,588 380,069,232