XML 29 R6.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 29, 2015
Mar. 30, 2014
Cash flows from operating activities:    
Net Income (Loss) Attributable to Parent $ 97.0us-gaap_NetIncomeLoss $ 105.3us-gaap_NetIncomeLoss
Adjustments to reconcile net cash flows from operating activities:    
Depreciation and amortization 58.0us-gaap_DepreciationDepletionAndAmortization 56.7us-gaap_DepreciationDepletionAndAmortization
(Income) loss from equity method investments (4.0)us-gaap_IncomeLossFromEquityMethodInvestments (15.1)us-gaap_IncomeLossFromEquityMethodInvestments
Changes in operating assets and liabilities and other, net (155.5)us-gaap_IncreaseDecreaseInOperatingCapital (526.3)us-gaap_IncreaseDecreaseInOperatingCapital
Net cash flows from operating activities (4.5)us-gaap_NetCashProvidedByUsedInOperatingActivities (379.4)us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash flows from investing activities:    
Capital expenditures (67.7)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (30.8)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Net proceeds (expenditures) from breeding stock transactions (13.2)sfd_NetCashProvidedByUsedInBreedingStockTransactions 3.4sfd_NetCashProvidedByUsedInBreedingStockTransactions
Proceeds from the sale of property, plant and equipment 1.1us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment 0.5us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment
Payments for (Proceeds from) Other Investing Activities 0us-gaap_PaymentsForProceedsFromOtherInvestingActivities (0.1)us-gaap_PaymentsForProceedsFromOtherInvestingActivities
Net cash flows from investing activities (79.8)us-gaap_NetCashProvidedByUsedInInvestingActivities (27.0)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flows from financing activities:    
Proceeds from issuance of long-term debt 0us-gaap_ProceedsFromIssuanceOfLongTermDebt 13.0us-gaap_ProceedsFromIssuanceOfLongTermDebt
Principal payments on long-term debt and capital lease obligations (408.6)us-gaap_RepaymentsOfLongTermDebtAndCapitalSecurities (10.0)us-gaap_RepaymentsOfLongTermDebtAndCapitalSecurities
Proceeds from Securitication Facility 230.0sfd_ProceedsfromSecuriticationFacility 100.0sfd_ProceedsfromSecuriticationFacility
Payments on Securitization Facility (85.0)sfd_PaymentsonSecuritizationFacility (60.0)sfd_PaymentsonSecuritizationFacility
Proceeds from (Repayments of) Lines of Credit (14.6)us-gaap_ProceedsFromRepaymentsOfLinesOfCredit 258.9us-gaap_ProceedsFromRepaymentsOfLinesOfCredit
Net cash flows from financing activities (278.2)us-gaap_NetCashProvidedByUsedInFinancingActivities 301.9us-gaap_NetCashProvidedByUsedInFinancingActivities
Effect of foreign exchange rate changes on cash (4.1)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents 0.7us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Net change in cash and cash equivalents (366.6)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (103.8)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of period 433.5us-gaap_CashAndCashEquivalentsAtCarryingValue 193.4us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of period $ 66.9us-gaap_CashAndCashEquivalentsAtCarryingValue $ 89.6us-gaap_CashAndCashEquivalentsAtCarryingValue