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INVESTMENTS

3 Months Ended

Mar. 29, 2015

Equity Method Investments and Joint Ventures [Abstract]


NOTE 4:	INVESTMENTS

Investments consist of the following:



Equity Investment	% Owned	March 29, 2015		December 28, 2014
		(in millions)
Campofrío Food Group (CFG)	37%	$	300.6	$	330.0
Mexican joint ventures	50%	121.5		142.8
Other	Various	24.6		25.2
Total investments		$	446.7	$	498.0

We record our share of earnings and losses from our equity method investments in income from equity method investments. Some of these results are reported on a one-month lag which, in our opinion, does not materially impact our consolidated condensed financial statements.

(Income) loss from equity method investments consists of the following:



		Three Months Ended
Equity Investment	Segment	March 29, 2015			March 30, 2014
		(in millions)
CFG	International	$	3.1		$	(3.1	)
Mexican joint ventures	International	(7.2		)	(11.8		)
All other equity method investments	Various	0.1			(0.2		)
Income from equity method investments		$	(4.0	)	$	(15.1	)

- Definition

The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group.

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