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VALUATION AND QUALIFYING ACCOUNTS
 12 Months Ended
May 01, 2011
Schedule II [Abstract]  
VALUATION AND QUALIFYING ACCOUNTS
Schedule II
 
SMITHFIELD FOODS, INC. AND SUBSIDIARIES
VALUATION AND QUALIFYING ACCOUNTS
FOR THE THREE YEARS ENDED MAY 1, 2011
(in millions)
Column A
 
Column B
 
Column C Additions
 
Column D
 
Column E
Description
 
Balance at Beginning of Year
 
Charged to costs and expenses
 
Charged to other
accounts(1)
 
Deductions
 
Balance at End of Year
Reserve for uncollectible accounts receivable:
 
 
 
 
 
 
 
 
 
 
Fiscal year ended May 1, 2011
 
$
8.1


 
$
3.5


 
$
(0.3
)
 
$
(2.1
)
 
$
9.2


Fiscal year ended May 2, 2010
 
9.9


 
1.3


 
0.1


 
(3.2
)
 
8.1


Fiscal year ended May 3, 2009
 
8.1


 
4.2


 
(1.0
)
 
(1.4
)
 
9.9


 
 
 
 
 
 
 
 
 
 
 
Reserve for obsolete inventory:
 
 


 
 


 
 


 
 


 
 


Fiscal year ended May 1, 2011
 
$
17.4


 
$
1.9


 
$
0.1


 
$
(4.6
)
 
$
14.8


Fiscal year ended May 2, 2010
 
21.0


 
6.3


 
0.2


 
(10.1
)
 
17.4


Fiscal year ended May 3, 2009
 
16.2


 
12.4


 
(2.5
)
 
(5.1
)
 
21.0


 
 
 
 
 
 
 
 
 
 
 
Deferred tax valuation allowance:
 
 
 
 


 
 


 
 


 
 


Fiscal year ended May 1, 2011
 
$
91.5


 
$
1.4


 
$
4.7


 
$
(30.8
)
 
$
66.8


Fiscal year ended May 2, 2010
 
98.7


 
2.3


 
(7.5
)
 
(2.0
)
 
91.5


Fiscal year ended May 3, 2009
 
96.2


 
35.8


 
(15.1
)
 
(18.2
)
 
98.7


——————————————
(1)
Activity primarily includes the reserves recorded in connection with the creation of the opening balance sheets of entities acquired and currency translation adjustments.