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VALUATION AND QUALIFYING ACCOUNTS
 12 Months Ended
Apr. 29, 2012
Valuation and Qualifying Accounts [Abstract]  
VALUATION AND QUALIFYING ACCOUNTS
Schedule II
 
SMITHFIELD FOODS, INC. AND SUBSIDIARIES
VALUATION AND QUALIFYING ACCOUNTS
FOR THE THREE YEARS ENDED APRIL 29, 2012
(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 April 29, 2012
 
$
9.2

 
$
1.5

 
$
(1.2
)
 
$
(0.5
)
 
$
9.0

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

 
 
 
 
 
 
 
 
 
 
 
Reserve for obsolete inventory:
 
 

 
 

 
 

 
 

 
 

Fiscal year ended April 29, 2012
 
$
14.8

 
$
3.2

 
$
(0.6
)
 
$
(1.9
)
 
$
15.5

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

 
 
 
 
 
 
 
 
 
 
 
Deferred tax valuation allowance:
 
 
 
 

 
 

 
 

 
 

Fiscal year ended April 29, 2012
 
$
66.8

 
$
—

 
$
(8.0
)
 
$
(4.2
)
 
$
54.6

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

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