$SJM
J M SMUCKER Co Stock $sjm

$sjm Overview Financials Valuation SEC Filings Company Website

2019 Q3 Form 10-Q Financial Statement

#000009141919000014 Filed on August 27, 2019

Income Statement

Concept	2019 Q3	2019 Q2	2018 Q3
Revenue	$1.779B	$1.902B	$1.903B
YoY Change	-6.5%	6.78%	8.78%
Cost Of Revenue	$1.079B	$1.210B	$1.224B
YoY Change	-11.84%	11.3%	12.65%
Gross Profit	$699.6M	$692.4M	$678.2M
YoY Change	3.16%	0.28%	2.43%
Gross Profit Margin	39.33%	36.4%	35.65%
Selling, General & Admin	$380.5M	$369.8M	$383.3M
YoY Change	-0.73%	15.6%	9.89%
% of Gross Profit	54.39%	53.41%	56.52%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$50.80M	$112.3M	$51.40M
YoY Change	-1.17%	10.97%	-5.69%
% of Gross Profit	7.26%	16.22%	7.58%
Operating Expenses	$380.5M	$428.8M	$383.3M
YoY Change	-0.73%	89.99%	9.89%
Operating Profit	$257.6M	$263.6M	$226.9M
YoY Change	13.53%	-43.29%	-3.53%
Interest Expense	-$49.40M	-$49.10M	-$53.60M
YoY Change	-7.84%	3.59%	27.62%
% of Operating Profit	-19.18%	-18.63%	-23.62%
Other Income/Expense, Net	-$1.500M	-$2.600M	-$200.0K
YoY Change	650.0%	-50.0%	-95.24%
Pretax Income	$206.7M	$101.9M	$173.1M
YoY Change	19.41%	-61.43%	-8.41%
Income Tax	$52.10M	$30.40M	$40.10M
% Of Pretax Income	25.21%	29.83%	23.17%
Net Earnings	$154.6M	$71.50M	$133.0M
YoY Change	16.24%	-61.54%	4.89%
Net Earnings / Revenue	8.69%	3.76%	6.99%
Basic Earnings Per Share	$1.36	$0.63	$1.17
Diluted Earnings Per Share	$1.36	$0.63	$1.17
COMMON SHARES
Basic Shares Outstanding	113.2M shares	113.7M shares	113.1M shares
Diluted Shares Outstanding	113.3M shares		113.1M shares

Balance Sheet

Concept	2019 Q3	2019 Q2	2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$49.00M	$101.0M	$192.0M
YoY Change	-74.48%	-47.67%	4.92%
Cash & Equivalents	$48.80M	$101.3M	$192.0M
Short-Term Investments
Other Short-Term Assets	$77.70M	$109.8M	$92.20M
YoY Change	-15.73%	-10.29%	-1.81%
Inventory	$1.013B	$910.3M	$1.017B
Prepaid Expenses
Receivables	$473.7M	$503.8M	$504.2M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$1.614B	$1.625B	$1.806B
YoY Change	-10.65%	4.51%	6.72%
LONG-TERM ASSETS
Property, Plant & Equipment	$1.909B	$1.912B	$1.828B
YoY Change	4.45%	10.6%	14.55%
Goodwill	$6.313B	$6.311B	$6.622B
YoY Change	-4.66%	6.2%	8.7%
Intangibles	$6.661B	$6.719B	$7.095B
YoY Change	-6.12%	13.56%	16.23%
Long-Term Investments		$41.00M
YoY Change
Other Assets	$13.27B	$13.17B	$13.88B
YoY Change	-4.4%	9.62%	12.35%
Total Long-Term Assets	$15.18B	$15.09B	$15.71B
YoY Change	-3.37%	9.75%	12.6%
TOTAL ASSETS
Total Short-Term Assets	$1.614B	$1.625B	$1.806B
Total Long-Term Assets	$15.18B	$15.09B	$15.71B
Total Assets	$16.79B	$16.71B	$17.51B
YoY Change	-4.12%	9.22%	11.96%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$503.1M	$591.0M	$532.1M
YoY Change	-5.45%	15.41%	11.41%
Accrued Expenses	$249.0M	$228.0M	$142.0M
YoY Change	75.35%	25.97%	-12.35%
Deferred Revenue
YoY Change
Short-Term Debt	$295.9M	$426.0M	$530.0M
YoY Change	-44.17%	195.83%	86.69%
Long-Term Debt Due	$799.0M	$798.5M
YoY Change
Total Short-Term Liabilities	$2.291B	$2.342B	$1.544B
YoY Change	48.37%	126.49%	-11.82%
LONG-TERM LIABILITIES
Long-Term Debt	$4.685B	$4.686B	$6.185B
YoY Change	-24.25%	-0.04%	39.15%
Other Long-Term Liabilities	$307.7M	$110.3M	$303.1M
YoY Change	1.52%	4.95%	-11.86%
Total Long-Term Liabilities	$6.493B	$6.399B	$8.038B
YoY Change	-19.22%	0.36%	15.51%
TOTAL LIABILITIES
Total Short-Term Liabilities	$2.291B	$2.342B	$1.544B
Total Long-Term Liabilities	$6.493B	$6.399B	$8.038B
Total Liabilities	$8.784B	$8.741B	$9.582B
YoY Change	-8.33%	17.96%	10.02%
SHAREHOLDERS EQUITY
Retained Earnings	$2.422B	$2.368B	$2.276B
YoY Change	6.43%	5.73%	78.09%
Common Stock	$5.774B	$5.756B	$5.745B
YoY Change	0.49%	0.28%	0.22%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares	32.50M shares	32.76M shares	32.70M shares
Shareholders Equity	$8.008B	$7.971B	$7.931B
YoY Change
Total Liabilities & Shareholders Equity	$16.79B	$16.71B	$17.51B
YoY Change	-4.12%	9.22%	11.96%

Cashflow Statement

Concept	2019 Q3	2019 Q2	2018 Q3
OPERATING ACTIVITIES
Net Income	$154.6M	$71.50M	$133.0M
YoY Change	16.24%	-61.54%	4.89%
Depreciation, Depletion And Amortization	$50.80M	$112.3M	$51.40M
YoY Change	-1.17%	10.97%	-5.69%
Cash From Operating Activities	$221.5M	$274.2M	$243.0M
YoY Change	-8.85%	-12.79%	-20.14%
INVESTING ACTIVITIES
Capital Expenditures	$73.00M	-$92.60M	$101.3M
YoY Change	-27.94%	-17.03%	45.55%
Acquisitions	$0.00		$1.905B
YoY Change	-100.0%
Other Investing Activities	-$20.90M	-$8.800M	$25.20M
YoY Change	-182.94%	-251.72%	-180.0%
Cash From Investing Activities	-$52.10M	-$101.4M	-$2.032B
YoY Change	-97.44%	-4.16%	5232.02%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$2.900M		$4.700M
YoY Change	-38.3%		-28.79%
Debt Paid & Issued, Net	$0.00
YoY Change
Cash From Financing Activities	-$222.6M	-274.6M	$1.791B
YoY Change	-112.43%	39.53%	-788.39%
NET CHANGE
Cash From Operating Activities	$221.5M	274.2M	$243.0M
Cash From Investing Activities	-$52.10M	-101.4M	-$2.032B
Cash From Financing Activities	-$222.6M	-274.6M	$1.791B
Net Change In Cash	-$52.50M	-101.8M	$2.000M
YoY Change	-2725.0%	-962.71%	-67.21%
FREE CASH FLOW
Cash From Operating Activities	$221.5M	$274.2M	$243.0M
Capital Expenditures	$73.00M	-$92.60M	$101.3M
Free Cash Flow	$148.5M	$366.8M	$141.7M
YoY Change	4.8%	-13.9%	-39.63%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2019Q3	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2019Q3	dei	Entity Shell Company EntityShellCompany	false
CY2019Q3	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	114047747	shares
CY2019Q3	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	1778900000	USD
CY2018Q3	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	1902500000	USD
CY2019Q3	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	1079300000	USD
CY2018Q3	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	1224300000	USD
CY2019Q3	dei	Amendment Flag AmendmentFlag	false
CY2019Q3	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--04-30
CY2019Q3	us-gaap	Gross Profit GrossProfit	699600000	USD
CY2019Q3	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2019Q3	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2020
CY2019Q3	dei	Entity Central Index Key EntityCentralIndexKey	0000091419
CY2018Q3	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.85
CY2019Q3	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.88
CY2018Q3	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.210
CY2018Q3	us-gaap	Stock Repurchased During Period Shares StockRepurchasedDuringPeriodShares	0	shares
CY2019Q3	dei	Document Type DocumentType	10-Q
CY2019Q3	dei	Document Quarterly Report DocumentQuarterlyReport	true
CY2019Q3	dei	Document Period End Date DocumentPeriodEndDate	2019-07-31
CY2019Q3	dei	Document Transition Report DocumentTransitionReport	false
CY2019Q3	dei	Entity File Number EntityFileNumber	1-5111
CY2019Q3	dei	Entity Registrant Name EntityRegistrantName	The J. M. Smucker Company
CY2019Q3	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	OH
CY2019Q3	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	34-0538550
CY2019Q3	dei	Entity Address Address Line1 EntityAddressAddressLine1	One Strawberry Lane
CY2019Q3	dei	Entity Address City Or Town EntityAddressCityOrTown	Orrville,
CY2019Q3	dei	Entity Address State Or Province EntityAddressStateOrProvince	OH
CY2019Q3	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	44667-0280
CY2019Q3	dei	City Area Code CityAreaCode	(330)
CY2019Q3	dei	Local Phone Number LocalPhoneNumber	682-3000
CY2019Q3	dei	Security12b Title Security12bTitle	Common shares, no par value
CY2019Q3	dei	Trading Symbol TradingSymbol	SJM
CY2019Q3	dei	Security Exchange Name SecurityExchangeName	NYSE
CY2018Q3	us-gaap	Gross Profit GrossProfit	678200000	USD
CY2019Q3	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	380500000	USD
CY2018Q3	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	383300000	USD
CY2019Q3	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	58800000	USD
CY2018Q3	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	60500000	USD
CY2019Q3	sjm	Other Special Project Costs OtherSpecialProjectCosts	3300000	USD
CY2018Q3	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	200000	USD
CY2019Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	257600000	USD
CY2018Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	226900000	USD
CY2019Q3	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2018Q3	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-53600000	USD
CY2019Q3	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2019Q3	dei	Entity Small Business EntitySmallBusiness	false
CY2019Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-1500000	USD
CY2018Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-200000	USD
CY2019Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	206700000	USD
CY2018Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	173100000	USD
CY2019Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	52100000	USD
CY2018Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	40100000	USD
CY2019Q3	us-gaap	Net Income Loss NetIncomeLoss	154600000	USD
CY2018Q3	us-gaap	Net Income Loss NetIncomeLoss	133000000.0	USD
CY2019Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.36
CY2018Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.17
CY2019Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.36
CY2018Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.17
CY2019Q3	us-gaap	Net Income Loss NetIncomeLoss	154600000	USD
CY2018Q3	us-gaap	Net Income Loss NetIncomeLoss	133000000.0	USD
CY2019Q3	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2019Q3	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	4500000	USD
CY2018Q3	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	-6100000	USD
CY2019Q3	us-gaap	Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent	-40800000	USD
CY2018Q3	sjm	Other Special Project Costs OtherSpecialProjectCosts	7700000	USD
CY2019Q3	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	600000	USD
CY2018Q3	us-gaap	Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent	2100000	USD
CY2019Q3	us-gaap	Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent	-1100000	USD
CY2018Q3	us-gaap	Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent	-1600000	USD
CY2019Q3	us-gaap	Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent	300000	USD
CY2018Q3	us-gaap	Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent	300000	USD
CY2019Q3	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-49400000	USD
CY2019Q3	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-34900000	USD
CY2018Q3	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-2100000	USD
CY2019Q3	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	119700000	USD
CY2018Q3	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	130900000	USD
CY2019Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	48800000	USD
CY2019Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	101300000	USD
CY2019Q3	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	473700000	USD
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CY2019Q3	us-gaap	Inventory Finished Goods And Work In Process InventoryFinishedGoodsAndWorkInProcess	659000000.0	USD
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CY2019Q2	us-gaap	Inventory Net InventoryNet	910300000	USD
CY2019Q3	us-gaap	Other Assets Current OtherAssetsCurrent	77700000	USD
CY2019Q2	us-gaap	Other Assets Current OtherAssetsCurrent	109800000	USD
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CY2019Q2	us-gaap	Assets Current AssetsCurrent	1625200000	USD
CY2019Q3	us-gaap	Land And Land Improvements LandAndLandImprovements	122200000	USD
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CY2019Q3	us-gaap	Machinery And Equipment Gross MachineryAndEquipmentGross	2354700000	USD
CY2019Q2	us-gaap	Machinery And Equipment Gross MachineryAndEquipmentGross	2185000000.0	USD
CY2019Q3	us-gaap	Construction In Progress Gross ConstructionInProgressGross	178000000.0	USD
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CY2019Q3	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	3557800000	USD
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CY2019Q3	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	1648600000	USD
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CY2019Q3	us-gaap	Goodwill Goodwill	6313300000	USD
CY2019Q2	us-gaap	Goodwill Goodwill	6310900000	USD
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CY2019Q3	us-gaap	Other Assets Miscellaneous Noncurrent OtherAssetsMiscellaneousNoncurrent	145300000	USD
CY2019Q2	us-gaap	Other Assets Miscellaneous Noncurrent OtherAssetsMiscellaneousNoncurrent	144000000.0	USD
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CY2019Q3	us-gaap	Liabilities Liabilities	8783900000	USD
CY2019Q2	us-gaap	Liabilities Liabilities	8740800000	USD
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CY2019Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	2367600000	USD
CY2019Q3	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-216700000	USD
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CY2019Q3	us-gaap	Depreciation Depreciation	50800000	USD
CY2018Q3	us-gaap	Depreciation Depreciation	51400000	USD
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CY2019Q3	us-gaap	Share Based Compensation ShareBasedCompensation	6200000	USD
CY2018Q3	us-gaap	Share Based Compensation ShareBasedCompensation	4600000	USD
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CY2019Q3	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-30400000	USD
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CY2019Q3	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	102100000	USD
CY2018Q3	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	65700000	USD
CY2019Q3	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-6400000	USD
CY2018Q3	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-21800000	USD
CY2019Q3	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-61000000.0	USD
CY2018Q3	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	800000	USD
CY2019Q3	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	63600000	USD
CY2018Q3	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	52600000	USD
CY2019Q3	sjm	Increase Decrease In Income Taxes Excluding Deferred Income Taxes IncreaseDecreaseInIncomeTaxesExcludingDeferredIncomeTaxes	21800000	USD
CY2018Q3	sjm	Increase Decrease In Income Taxes Excluding Deferred Income Taxes IncreaseDecreaseInIncomeTaxesExcludingDeferredIncomeTaxes	58900000	USD
CY2019Q3	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	8200000	USD
CY2018Q3	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	23300000	USD
CY2019Q3	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	221500000	USD
CY2018Q3	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	243000000.0	USD
CY2019Q3	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	0	USD
CY2018Q3	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	1905000000.0	USD
CY2019Q3	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	73000000.0	USD
CY2018Q3	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	101300000	USD
CY2019Q3	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	-20900000	USD
CY2018Q3	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	25200000	USD
CY2019Q3	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-52100000	USD
CY2018Q3	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-2031500000	USD
CY2019Q3	us-gaap	Proceeds From Repayments Of Short Term Debt ProceedsFromRepaymentsOfShortTermDebt	-130000000.0	USD
CY2018Q3	us-gaap	Proceeds From Repayments Of Short Term Debt ProceedsFromRepaymentsOfShortTermDebt	386000000.0	USD
CY2019Q3	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	0	USD
CY2018Q3	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	1500000000.0	USD
CY2019Q3	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	96500000	USD
CY2018Q3	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	88400000	USD
CY2019Q3	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	2900000	USD
CY2018Q3	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	4700000	USD
CY2019Q3	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	7000000.0	USD
CY2018Q3	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	0	USD
CY2019Q3	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-200000	USD
CY2018Q3	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-2400000	USD
CY2019Q3	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-222600000	USD
CY2018Q3	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	1790500000	USD
CY2019Q3	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	700000	USD
CY2018Q3	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	-2600000	USD
CY2019Q3	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-52500000	USD
CY2018Q3	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-600000	USD
CY2019Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	101300000	USD
CY2018Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	192600000	USD
CY2019Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	48800000	USD
CY2018Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	192000000.0	USD
CY2019Q2	us-gaap	Stockholders Equity StockholdersEquity	7970500000	USD
CY2019Q3	us-gaap	Net Income Loss NetIncomeLoss	154600000	USD
CY2019Q3	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-34900000	USD
CY2019Q3	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	119700000	USD
CY2019Q3	us-gaap	Treasury Stock Value Acquired Par Value Method TreasuryStockValueAcquiredParValueMethod	2900000	USD
CY2019Q3	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	20500000	USD
CY2019Q3	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	100100000	USD
CY2019Q3	us-gaap	Stockholders Equity Other StockholdersEquityOther	0	USD
CY2019Q3	us-gaap	Stockholders Equity StockholdersEquity	8007700000	USD
CY2018Q2	us-gaap	Stockholders Equity StockholdersEquity	7891100000	USD
CY2018Q3	us-gaap	Net Income Loss NetIncomeLoss	133000000.0	USD
CY2018Q3	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-2100000	USD
CY2018Q3	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	130900000	USD
CY2018Q3	us-gaap	Treasury Stock Value Acquired Par Value Method TreasuryStockValueAcquiredParValueMethod	4700000	USD
CY2018Q3	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	10000000.0	USD
CY2018Q3	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	96500000	USD
CY2018Q3	us-gaap	Stockholders Equity Other StockholdersEquityOther	0	USD
CY2018Q3	us-gaap	Stockholders Equity StockholdersEquity	7930800000	USD
CY2019Q2	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	159200000	USD
CY2019Q2	us-gaap	Operating Lease Liability OperatingLeaseLiability	166600000	USD
CY2018Q3	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	71800000	USD
CY2019Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-1500000	USD
CY2018Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-200000	USD
CY2019Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	206700000	USD
CY2019Q3	sjm	Number Of Industries In Which Company Operates NumberOfIndustriesInWhichCompanyOperates	1	Industry
CY2019Q3	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	4	Segment
CY2019Q3	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	1778900000	USD
CY2018Q3	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	1902500000	USD
CY2019Q3	sjm	Segment Reporting Information Segment Profit SegmentReportingInformationSegmentProfit	362300000	USD
CY2018Q3	sjm	Segment Reporting Information Segment Profit SegmentReportingInformationSegmentProfit	388900000	USD
CY2019Q3	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	58800000	USD
CY2018Q3	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	60500000	USD
CY2019Q3	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-49400000	USD
CY2018Q3	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-53600000	USD
CY2019Q3	sjm	Net Mark To Market Valuation Of Certain Derivative Positions Recognized In Unallocated Derivative Gains Losses NetMarkToMarketValuationOfCertainDerivativePositionsRecognizedInUnallocatedDerivativeGainsLosses	29000000.0	USD
CY2018Q3	sjm	Net Mark To Market Valuation Of Certain Derivative Positions Recognized In Unallocated Derivative Gains Losses NetMarkToMarketValuationOfCertainDerivativePositionsRecognizedInUnallocatedDerivativeGainsLosses	-22000000.0	USD
CY2019Q3	sjm	Other Special Project Costs OtherSpecialProjectCosts	3300000	USD
CY2018Q3	sjm	Other Special Project Costs OtherSpecialProjectCosts	7700000	USD
CY2019Q3	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	71600000	USD
CY2018Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	173100000	USD
CY2019Q3	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	1778900000	USD
CY2018Q3	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	1902500000	USD
CY2019Q3	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	1778900000	USD
CY2018Q3	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	1902500000	USD
CY2019Q3	sjm	Percentofproductsalesattributabletoprimaryreportablesegment Percentofproductsalesattributabletoprimaryreportablesegment	0.75
CY2019Q3	us-gaap	Net Income Loss NetIncomeLoss	154600000	USD
CY2018Q3	us-gaap	Net Income Loss NetIncomeLoss	133000000.0	USD
CY2019Q3	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Diluted UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted	800000	USD
CY2018Q3	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Diluted UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted	700000	USD
CY2019Q3	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	153800000	USD
CY2018Q3	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	132300000	USD
CY2019Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	113200000	shares
CY2018Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	113100000	shares
CY2019Q3	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	100000	shares
CY2018Q3	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	0	shares
CY2019Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	113300000	shares
CY2018Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	113100000	shares
CY2019Q3	us-gaap	Long Term Debt LongTermDebt	5484300000	USD
CY2019Q3	us-gaap	Debt Instrument Face Amount DebtInstrumentFaceAmount	5500000000.0	USD
CY2019Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.36
CY2018Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.17
CY2019Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.36
CY2018Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.17
CY2019Q2	us-gaap	Debt Instrument Face Amount DebtInstrumentFaceAmount	5500000000.0	USD
CY2019Q2	us-gaap	Long Term Debt LongTermDebt	5484800000	USD
CY2019Q3	us-gaap	Long Term Debt Current LongTermDebtCurrent	799000000.0	USD
CY2019Q2	us-gaap	Long Term Debt Current LongTermDebtCurrent	798500000	USD
CY2019Q3	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	4685300000	USD
CY2019Q2	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	4686300000	USD
CY2019Q3	us-gaap	Interest Paid InterestPaid	21600000	USD
CY2018Q3	us-gaap	Interest Paid InterestPaid	23300000	USD
CY2019Q3	us-gaap	Amortization Of Deferred Hedge Gains AmortizationOfDeferredHedgeGains	2000000.0	USD
CY2019Q3	us-gaap	Margin Deposit Assets MarginDepositAssets	19800000	USD
CY2019Q2	us-gaap	Margin Deposit Assets MarginDepositAssets	40700000	USD
CY2019Q3	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-49400000	USD
CY2018Q3	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-53600000	USD
CY2019Q3	us-gaap	Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet	11600000	USD
CY2018Q3	us-gaap	Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet	-26200000	USD
CY2019Q3	us-gaap	Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet	11600000	USD
CY2018Q3	us-gaap	Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet	-26200000	USD
CY2019Q3	sjm	Net Gain Loss On Derivative Positions Reclassified From Derivative Gains Losses To Segment Operating Profit NetGainLossOnDerivativePositionsReclassifiedFromDerivativeGainsLossesToSegmentOperatingProfit	-17400000	USD
CY2018Q3	sjm	Net Gain Loss On Derivative Positions Reclassified From Derivative Gains Losses To Segment Operating Profit NetGainLossOnDerivativePositionsReclassifiedFromDerivativeGainsLossesToSegmentOperatingProfit	-4200000	USD
CY2019Q3	sjm	Net Mark To Market Valuation Of Certain Derivative Positions Recognized In Unallocated Derivative Gains Losses NetMarkToMarketValuationOfCertainDerivativePositionsRecognizedInUnallocatedDerivativeGainsLosses	29000000.0	USD
CY2018Q3	sjm	Net Mark To Market Valuation Of Certain Derivative Positions Recognized In Unallocated Derivative Gains Losses NetMarkToMarketValuationOfCertainDerivativePositionsRecognizedInUnallocatedDerivativeGainsLosses	-22000000.0	USD
CY2019Q3	sjm	Cumulative Net Mark To Market Valuation Of Certain Derivative Positions Recognized In Unallocated Derivative Gains Losses CumulativeNetMarkToMarketValuationOfCertainDerivativePositionsRecognizedInUnallocatedDerivativeGainsLosses	-23500000	USD
CY2018	sjm	Cumulative Net Mark To Market Valuation Of Certain Derivative Positions Recognized In Unallocated Derivative Gains Losses CumulativeNetMarkToMarketValuationOfCertainDerivativePositionsRecognizedInUnallocatedDerivativeGainsLosses	-52500000	USD
CY2019Q3	sjm	Other Investment Municipal Bond Matured In One Year OtherInvestmentMunicipalBondMaturedInOneYear	300000	USD
CY2019Q3	sjm	Other Investment Municipal Bond Matured In Second Year OtherInvestmentMunicipalBondMaturedInSecondYear	1000000.0	USD
CY2019Q3	sjm	Other Investment Municipal Bond Matured In Third Year OtherInvestmentMunicipalBondMaturedInThirdYear	1600000	USD
CY2019Q3	sjm	Other Investment Municipal Bond Matured In Fourth Year OtherInvestmentMunicipalBondMaturedInFourthYear	1000000.0	USD
CY2019Q3	sjm	Other Investment Municipal Bond Matured In Fifth Year And Beyond OtherInvestmentMunicipalBondMaturedInFifthYearAndBeyond	28000000.0	USD
CY2019Q3	sjm	Impactof Leases Not Yet Commenced ImpactofLeasesNotYetCommenced	40000000.0	USD
CY2019Q3	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	149200000	USD
CY2019Q3	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	43200000	USD
CY2019Q3	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	112900000	USD
CY2019Q3	us-gaap	Operating Lease Liability OperatingLeaseLiability	156100000	USD
CY2019Q3	us-gaap	Finance Lease Liability FinanceLeaseLiability	6200000	USD
CY2019Q3	us-gaap	Operating Lease Cost OperatingLeaseCost	12400000	USD
CY2019Q3	us-gaap	Finance Lease Right Of Use Asset Amortization FinanceLeaseRightOfUseAssetAmortization	800000	USD
CY2019Q3	us-gaap	Finance Lease Interest Expense FinanceLeaseInterestExpense	100000	USD
CY2019Q3	us-gaap	Variable Lease Cost VariableLeaseCost	6300000	USD
CY2019Q3	us-gaap	Short Term Lease Cost ShortTermLeaseCost	7700000	USD
CY2019Q3	us-gaap	Sublease Income SubleaseIncome	800000	USD
CY2019Q3	us-gaap	Lease Cost LeaseCost	26500000	USD
CY2019Q3	us-gaap	Operating Lease Payments OperatingLeasePayments	13100000	USD
CY2019Q3	us-gaap	Finance Lease Interest Payment On Liability FinanceLeaseInterestPaymentOnLiability	100000	USD
CY2019Q3	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	700000	USD
CY2019Q3	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	0	USD
CY2019Q3	us-gaap	Right Of Use Asset Obtained In Exchange For Finance Lease Liability RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability	500000	USD
CY2019Q3	us-gaap	Lessee Operating Lease Liability Payments Remainder Of Fiscal Year LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear	36700000	USD
CY2019Q3	us-gaap	Finance Lease Liability Payments Remainder Of Fiscal Year FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear	2100000	USD
CY2019Q3	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	40000000.0	USD
CY2019Q3	us-gaap	Finance Lease Liability Payments Due Year Two FinanceLeaseLiabilityPaymentsDueYearTwo	1900000	USD
CY2019Q3	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	33000000.0	USD
CY2019Q3	us-gaap	Finance Lease Liability Payments Due Year Three FinanceLeaseLiabilityPaymentsDueYearThree	1300000	USD
CY2019Q3	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	26700000	USD
CY2019Q3	us-gaap	Finance Lease Liability Payments Due Year Four FinanceLeaseLiabilityPaymentsDueYearFour	500000	USD
CY2019Q3	us-gaap	Lessee Operating Lease Liability Payments Due Year Five LesseeOperatingLeaseLiabilityPaymentsDueYearFive	13500000	USD
CY2019Q3	us-gaap	Finance Lease Liability Payments Due Year Five FinanceLeaseLiabilityPaymentsDueYearFive	300000	USD
CY2019Q3	us-gaap	Lessee Operating Lease Liability Payments Due After Year Five LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive	18500000	USD
CY2019Q3	us-gaap	Finance Lease Liability Payments Due After Year Five FinanceLeaseLiabilityPaymentsDueAfterYearFive	400000	USD
CY2019Q3	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	168400000	USD
CY2019Q3	us-gaap	Finance Lease Liability Payments Due FinanceLeaseLiabilityPaymentsDue	6500000	USD
CY2019Q3	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	12300000	USD
CY2019Q3	us-gaap	Finance Lease Liability Undiscounted Excess Amount FinanceLeaseLiabilityUndiscountedExcessAmount	300000	USD
CY2019Q3	us-gaap	Operating Lease Liability OperatingLeaseLiability	156100000	USD
CY2019Q3	us-gaap	Finance Lease Liability FinanceLeaseLiability	6200000	USD
CY2019Q2	us-gaap	Operating Leases Future Minimum Payments Due Current OperatingLeasesFutureMinimumPaymentsDueCurrent	43.0	USD
CY2019Q2	us-gaap	Operating Leases Future Minimum Payments Due In Two Years OperatingLeasesFutureMinimumPaymentsDueInTwoYears	36.7	USD
CY2019Q2	us-gaap	Operating Leases Future Minimum Payments Due In Three Years OperatingLeasesFutureMinimumPaymentsDueInThreeYears	30.5	USD
CY2019Q2	us-gaap	Operating Leases Future Minimum Payments Due In Four Years OperatingLeasesFutureMinimumPaymentsDueInFourYears	24.8	USD
CY2019Q2	us-gaap	Operating Leases Future Minimum Payments Due In Five Years OperatingLeasesFutureMinimumPaymentsDueInFiveYears	12.3	USD
CY2019Q3	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P4Y6M
CY2019Q3	us-gaap	Finance Lease Weighted Average Remaining Lease Term1 FinanceLeaseWeightedAverageRemainingLeaseTerm1	P3Y4M24D
CY2019Q3	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.032
CY2019Q3	us-gaap	Finance Lease Weighted Average Discount Rate Percent FinanceLeaseWeightedAverageDiscountRatePercent	0.033
CY2019Q3	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.252
CY2018Q3	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.232
CY2019Q3	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.210
CY2019Q3	sjm	Time Period Over Which It Is Reasonably Possible That Company Could Increase Or Decrease Its Unrecognized Tax Benefits TimePeriodOverWhichItIsReasonablyPossibleThatCompanyCouldIncreaseOrDecreaseItsUnrecognizedTaxBenefits	P12M
CY2019Q3	us-gaap	Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit	2800000	USD
CY2019Q3	us-gaap	Loss Contingency Disclosures LossContingencyDisclosures	<div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We, like other food manufacturers, are from time to time subject to various administrative, regulatory, and other legal proceedings arising in the ordinary course of business. We are currently a defendant in a variety of such legal proceedings, including certain lawsuits related to the alleged price-fixing of shelf stable tuna products prior to 2011 by a business previously owned by, but divested prior to our acquisition of, Big Heart Pet Brands, the significant majority of which were settled and paid during the second half of 2019. While we cannot predict with certainty the ultimate results of these proceedings or potential settlements associated with these or other matters, we have accrued losses for certain contingent liabilities that we have determined are probable and reasonably estimable at </span><span style="font-family:inherit;font-size:10pt;">July 31, 2019</span><span style="font-family:inherit;font-size:10pt;">. Based on the information known to date, with the exception of the matter discussed below, we do not believe the final outcome of these proceedings would have a material adverse effect on our financial position, results of operations, or cash flows.</span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">On May 9, 2011, an organization named Council for Education and Research on Toxics (“Plaintiff” or “CERT”) filed a lawsuit in the Superior Court of the State of California, County of Los Angeles, against us and additional defendants who manufacture, package, distribute, or sell packaged coffee. The lawsuit is CERT v. Brad Barry LLC, et al., and was a tag along to a 2010 lawsuit against companies selling “ready-to-drink” coffee based on the same claims. Both cases have since been consolidated </span></div><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">and now include nearly eighty defendants, which constitute the great majority of the coffee industry in California. The Plaintiff alleges that we and the other defendants failed to provide warnings for our coffee products of exposure to the chemical acrylamide as required under California Health and Safety Code Section 25249.5, the </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">California Safe Drinking Water and Toxic Enforcement Act of 1986 </span><span style="font-family:inherit;font-size:10pt;">(better known as</span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> </span><span style="font-family:inherit;font-size:10pt;">“Proposition 65”). The Plaintiff seeks equitable relief, including providing warnings to consumers of coffee products, as well as civil penalties in the amount of the statutory maximum of $2,500.00 per day per violation of Proposition 65. The Plaintiff asserts that every consumed cup of coffee, absent a compliant warning, is equivalent to a violation under Proposition 65. </span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">As part of a joint defense group organized to defend against the lawsuit, we dispute the claims of the Plaintiff. Acrylamide is not added to coffee but is inherently present in all coffee in small amounts (measured in parts per billion) as a byproduct of the coffee bean roasting process. We have asserted multiple affirmative defenses. Trial of the first phase of the case commenced on September 8, 2014, and was limited to three affirmative defenses shared by all defendants. On September 1, 2015, the trial court issued a final ruling adverse to the defendants on all Phase 1 defenses. Trial of the second phase of the case commenced in the fall of calendar year 2017. On March 28, 2018, the trial court issued a proposed ruling adverse to the defendants on the Phase 2 defense, our last remaining defense to liability. The trial court finalized and affirmed its Phase 2 ruling on May 7, 2018, and therefore, the trial on the third phase regarding remedies issues was scheduled to commence on October 15, 2018. The trial did not proceed on the scheduled date as further described below.</span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">On June 15, 2018, the state agency responsible for administering the Proposition 65 program, the California Office of Environmental Health Hazard Assessment (“OEHHA”), issued a proposed regulation clarifying that cancer warnings are not required for coffee under Proposition 65. The California Court of Appeals granted defendants’ requests to stay the trial on remedies until a final determination was made on OEHHA’s proposed regulation. The California Office of Administrative Law approved the proposed regulation on June 3, 2019, and the regulation will go into effect on October 1, 2019, which should result in the dismissal of this case. However, prior to the approval of the proposed regulation, CERT challenged the authority of OEHHA to propose the regulation. Considering the regulation is final, we expect this challenge to continue. At this stage of the proceedings, prior to and without knowing whether the trial on remedies issues will move forward in light of the challenge, we are unable to predict or reasonably estimate the potential loss or effect on our operations. Accordingly, no loss contingency has been recorded for this matter as of </span><span style="font-family:inherit;font-size:10pt;">July 31, 2019</span><span style="font-family:inherit;font-size:10pt;">, as the likelihood of loss is not considered probable or estimable. The trial court has discretion to impose zero penalties against us or to impose significant statutory penalties if the case proceeds. Significant labeling or warning requirements that could potentially be imposed by the trial court may increase our costs and adversely affect sales of our coffee products, as well as involve substantial expense and operational disruption, which could have a material adverse impact on our financial position, results of operations, or cash flows. Furthermore, a future appellate court decision could reverse the trial court rulings. The outcome and the financial impact of settlement, the trial, or the appellate court rulings of the case, if any, cannot be predicted at this time.</span></div>
CY2019Q3	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	300000000.0	shares
CY2019Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	300000000.0	shares
CY2019Q3	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	114000000.0	shares
CY2019Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	113700000	shares
CY2019Q3	us-gaap	Treasury Stock Shares TreasuryStockShares	32500000	shares
CY2019Q2	us-gaap	Treasury Stock Shares TreasuryStockShares	32800000	shares
CY2019Q3	us-gaap	Stock Repurchased During Period Shares StockRepurchasedDuringPeriodShares	0	shares
CY2019Q3	us-gaap	Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased	3600000	shares

Files In Submission

Name	View Source	Status
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sjm20190731-10qex32.htm	Edgar Link	pending
sjm20190731-10q_htm.xml	Edgar Link	completed

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$SJM
J M SMUCKER Co Stock $sjm

2019 Q3 Form 10-Q Financial Statement

#000009141919000014 Filed on August 27, 2019

Income Statement

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$SJM J M SMUCKER Co Stock $sjm

2019 Q3 Form 10-Q Financial Statement

#000009141919000014 Filed on August 27, 2019

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$SJM
J M SMUCKER Co Stock $sjm