2021 Q2 Form 10-K Financial Statement

#000009141921000048 Filed on June 17, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2021 2020 Q2
Revenue $1.920B $8.003B $2.092B
YoY Change -8.21% 2.59% 9.98%
Cost Of Revenue $1.185B $4.864B $1.304B
YoY Change -9.14% 1.35% 7.76%
Gross Profit $735.7M $3.139B $788.4M
YoY Change -6.68% 4.55% 13.86%
Gross Profit Margin 38.31% 39.22% 37.69%
Selling, General & Admin $411.1M $1.523B $373.4M
YoY Change 10.1% 3.31% 0.97%
% of Gross Profit 55.88% 48.53% 47.36%
Research & Development $57.70M
YoY Change 0.0%
% of Gross Profit 1.84%
Depreciation & Amortization $114.7M $219.5M $113.4M
YoY Change 1.15% 4.42% 0.98%
% of Gross Profit 15.59% 6.99% 14.38%
Operating Expenses $474.2M $1.523B $435.1M
YoY Change 8.99% 3.31% 1.47%
Operating Profit $261.5M $1.387B $353.3M
YoY Change -25.98% 13.38% 34.03%
Interest Expense -$42.40M -$177.1M -$45.60M
YoY Change -7.02% -6.4% -7.13%
% of Operating Profit -16.21% -12.77% -12.91%
Other Income/Expense, Net -$3.000M -$37.80M -$2.700M
YoY Change 11.11% 425.0% 3.85%
Pretax Income $193.3M $1.172B $298.4M
YoY Change -35.22% 14.14% 192.84%
Income Tax $46.30M $295.6M $72.10M
% Of Pretax Income 23.95% 25.22% 24.16%
Net Earnings $147.0M $876.3M $226.3M
YoY Change -35.04% 12.42% 216.5%
Net Earnings / Revenue 7.66% 10.95% 10.82%
Basic Earnings Per Share $7.79 $1.98
Diluted Earnings Per Share $1.352M $7.79 $1.98
COMMON SHARES
Basic Shares Outstanding 108.3M shares 112.0M shares 114.0M shares
Diluted Shares Outstanding 112.0M shares

Balance Sheet

Concept 2021 Q2 2021 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $334.3M $334.3M $391.0M
YoY Change -14.5% -14.5% 287.13%
Cash & Equivalents $334.3M $334.3M $391.1M
Short-Term Investments
Other Short-Term Assets $113.8M $113.8M $134.9M
YoY Change -15.64% -15.7% 22.86%
Inventory $959.9M $959.9M $895.3M
Prepaid Expenses
Receivables $533.7M $533.7M $551.4M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.942B $1.942B $1.973B
YoY Change -1.57% -1.59% 21.38%
LONG-TERM ASSETS
Property, Plant & Equipment $2.002B $2.144B $1.969B
YoY Change 1.63% 1.2% 2.98%
Goodwill $6.024B $6.305B
YoY Change -4.46% -0.1%
Intangibles $6.041B $6.429B
YoY Change -6.03% -4.31%
Long-Term Investments $31.00M $39.00M
YoY Change -20.51% -4.88%
Other Assets $12.34B $103.2M $13.03B
YoY Change -5.28% -4.44% -1.1%
Total Long-Term Assets $14.34B $14.34B $15.00B
YoY Change -4.37% -4.36% -0.59%
TOTAL ASSETS
Total Short-Term Assets $1.942B $1.942B $1.973B
Total Long-Term Assets $14.34B $14.34B $15.00B
Total Assets $16.28B $16.28B $16.97B
YoY Change -4.04% -4.04% 1.55%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.034B $1.034B $782.0M
YoY Change 32.24% 32.24% 32.32%
Accrued Expenses $381.6M $381.6M $304.0M
YoY Change 25.53% 25.53% 33.33%
Deferred Revenue
YoY Change
Short-Term Debt $82.00M $82.00M $248.0M
YoY Change -66.94% -66.94% -41.78%
Long-Term Debt Due $1.153B $1.155B $0.00
YoY Change 57635.0% -100.0%
Total Short-Term Liabilities $2.868B $2.868B $1.587B
YoY Change 80.68% 80.69% -32.22%
LONG-TERM LIABILITIES
Long-Term Debt $3.517B $3.519B $5.373B
YoY Change -34.55% -34.55% 14.66%
Other Long-Term Liabilities $96.80M $423.3M $98.20M
YoY Change -1.43% -8.77% -10.97%
Total Long-Term Liabilities $5.292B $3.943B $7.192B
YoY Change -26.42% -32.5% 12.39%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.868B $2.868B $1.587B
Total Long-Term Liabilities $5.292B $3.943B $7.192B
Total Liabilities $8.159B $8.159B $8.780B
YoY Change -7.06% -7.07% 0.44%
SHAREHOLDERS EQUITY
Retained Earnings $2.848B $2.747B
YoY Change 3.67% 16.02%
Common Stock $5.528B $5.794B
YoY Change -4.6% 0.67%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares 38.16M shares 32.43M shares
Shareholders Equity $8.125B $8.125B $8.191B
YoY Change
Total Liabilities & Shareholders Equity $16.28B $16.28B $16.97B
YoY Change -4.04% -4.04% 1.55%

Cashflow Statement

Concept 2021 Q2 2021 2020 Q2
OPERATING ACTIVITIES
Net Income $147.0M $876.3M $226.3M
YoY Change -35.04% 12.42% 216.5%
Depreciation, Depletion And Amortization $114.7M $219.5M $113.4M
YoY Change 1.15% 4.42% 0.98%
Cash From Operating Activities $291.0M $1.565B $287.7M
YoY Change 1.15% 24.72% 4.92%
INVESTING ACTIVITIES
Capital Expenditures -$108.0M $306.7M -$76.40M
YoY Change 41.36% 13.89% -17.49%
Acquisitions $0.00
YoY Change
Other Investing Activities $0.00 -$53.80M -$17.50M
YoY Change -100.0% -2545.45% 98.86%
Cash From Investing Activities -$108.0M $311.1M -$93.90M
YoY Change 15.02% -214.59% -7.4%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $678.4M
YoY Change 16052.38%
Debt Paid & Issued, Net $700.0M
YoY Change -22.22%
Cash From Financing Activities -353.3M -$1.944B 127.4M
YoY Change -377.32% 182.26% -146.39%
NET CHANGE
Cash From Operating Activities 291.0M $1.565B 287.7M
Cash From Investing Activities -108.0M $311.1M -93.90M
Cash From Financing Activities -353.3M -$1.944B 127.4M
Net Change In Cash -170.3M -$56.80M 321.2M
YoY Change -153.02% -119.6% -415.52%
FREE CASH FLOW
Cash From Operating Activities $291.0M $1.565B $287.7M
Capital Expenditures -$108.0M $306.7M -$76.40M
Free Cash Flow $399.0M $1.258B $364.1M
YoY Change 9.59% 27.68% -0.74%

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<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates:</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The preparation of consolidated financial statements in conformity with U.S. GAAP requires that we make certain estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Significant estimates in these consolidated financial statements include, among others, estimates of future cash flows associated with assets, potential asset impairments, useful lives and residual values of long-lived assets used in determining depreciation and amortization, net realizable value of inventories, accruals for trade marketing and merchandising programs, income taxes, and discount rates and other assumptions used in determining defined benefit pension and other postretirement benefit expenses. Actual results could differ from these estimates.</span>
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5 Contract
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CY2021 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
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25300000 USD
CY2020 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
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CY2019 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
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27700000 USD
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CY2019 us-gaap Interest Income Expense Nonoperating Net
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CY2021 sjm Net Mark To Market Valuation Of Certain Derivative Positions Recognized In Unallocated Derivative Gains Losses
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93600000 USD
CY2020 sjm Net Mark To Market Valuation Of Certain Derivative Positions Recognized In Unallocated Derivative Gains Losses
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19600000 USD
CY2019 sjm Net Mark To Market Valuation Of Certain Derivative Positions Recognized In Unallocated Derivative Gains Losses
NetMarkToMarketValuationOfCertainDerivativePositionsRecognizedInUnallocatedDerivativeGainsLosses
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CY2021 sjm Cost Of Products Sold Special Project Costs
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3400000 USD
CY2020 sjm Cost Of Products Sold Special Project Costs
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CY2019 sjm Cost Of Products Sold Special Project Costs
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CY2021 us-gaap Restructuring Charges
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CY2020 us-gaap Restructuring Charges
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CY2019 us-gaap Restructuring Charges
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CY2021 us-gaap General And Administrative Expense
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CY2020 us-gaap General And Administrative Expense
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CY2019 us-gaap General And Administrative Expense
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CY2020 us-gaap Other Nonoperating Income Expense
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CY2019 us-gaap Other Nonoperating Income Expense
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1171900000 USD
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1026700000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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701600000 USD
CY2021Q2 us-gaap Assets
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CY2020Q2 us-gaap Assets
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CY2019Q2 us-gaap Assets
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CY2021 sjm Depreciation Amortization And Impairment Charges
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CY2020 sjm Depreciation Amortization And Impairment Charges
DepreciationAmortizationAndImpairmentCharges
498900000 USD
CY2019 sjm Depreciation Amortization And Impairment Charges
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651400000 USD
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
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306700000 USD
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
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269300000 USD
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
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359800000 USD
CY2021 us-gaap Revenue From Contract With Customer Including Assessed Tax
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8002700000 USD
CY2020 us-gaap Revenue From Contract With Customer Including Assessed Tax
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CY2019 us-gaap Revenue From Contract With Customer Including Assessed Tax
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CY2021Q2 us-gaap Assets
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CY2020Q2 us-gaap Assets
Assets
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CY2019Q2 us-gaap Assets
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CY2021Q2 sjm Long Lived Assets Excluding Intangibles
LongLivedAssetsExcludingIntangibles
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CY2020Q2 sjm Long Lived Assets Excluding Intangibles
LongLivedAssetsExcludingIntangibles
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CY2019Q2 sjm Long Lived Assets Excluding Intangibles
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CY2021 us-gaap Revenue From Contract With Customer Including Assessed Tax
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CY2020 us-gaap Revenue From Contract With Customer Including Assessed Tax
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CY2019 us-gaap Revenue From Contract With Customer Including Assessed Tax
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CY2021 sjm Percentofproductsalesattributabletoprimaryreportablesegment
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3700000 USD
CY2020 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
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4400000 USD
CY2019 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
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2600000 USD
CY2021 us-gaap Net Income Loss Available To Common Stockholders Diluted
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872600000 USD
CY2020 us-gaap Net Income Loss Available To Common Stockholders Diluted
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775100000 USD
CY2019 us-gaap Net Income Loss Available To Common Stockholders Diluted
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CY2019Q2 us-gaap Goodwill
Goodwill
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CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
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113400000 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
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113100000 shares
CY2021 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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0 shares
CY2020 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2019 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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112000000.0 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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113400000 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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113100000 shares
CY2021 us-gaap Earnings Per Share Basic
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7.79
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
6.84
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.52
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
7.79
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
6.84
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.52
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CY2020Q2 us-gaap Goodwill
Goodwill
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301700000 USD
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20800000 USD
CY2021Q2 us-gaap Goodwill
Goodwill
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CY2021Q2 us-gaap Goodwill Impaired Accumulated Impairment Loss
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242900000 USD
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1879000000.0 USD
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1802400000 USD
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2030700000 USD
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235300000 USD
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239100000 USD
CY2021 us-gaap Finite Lived Intangible Asset Useful Life
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P24Y
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221600000 USD
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214200000 USD
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209600000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
206000000.0 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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205000000.0 USD
CY2021Q1 us-gaap Number Of Reporting Units
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CY2020Q2 us-gaap Debt Instrument Face Amount
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CY2020Q2 us-gaap Long Term Debt
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CY2020Q2 us-gaap Long Term Debt Current
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CY2021Q2 us-gaap Long Term Debt Noncurrent
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CY2020Q2 us-gaap Long Term Debt Noncurrent
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CY2021Q2 sjm Percentage Of Principal Amount Thereof At Which Company Can Prepay
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1
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CY2020 us-gaap Interest Paid
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CY2019 us-gaap Interest Paid
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when they reach age 55 and have attained 10 years of credited service
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CY2020Q2 sjm Defined Benefit Plan Net Asset Value Of Plan Assets
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CY2021Q2 us-gaap Defined Benefit Plan Expected Future Benefit Payments Next Twelve Months
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CY2021Q2 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Two
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CY2021Q2 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Three
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CY2021Q2 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Four
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39100000 USD
CY2021Q2 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Five
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFive
38000000.0 USD
CY2021Q2 us-gaap Defined Benefit Plan Expected Future Benefit Payments Five Fiscal Years Thereafter
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172700000 USD
CY2021 sjm Multiemployer Pension Plans Number Of Plans
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CY2021 us-gaap Multiemployer Plan Pension Significant Employer Contribution Cost
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2500000 USD
CY2020 us-gaap Multiemployer Plan Pension Significant Employer Contribution Cost
MultiemployerPlanPensionSignificantEmployerContributionCost
2200000 USD
CY2020Q4 sjm Multiemployer Plan Actual Funded Status
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CY2021Q2 us-gaap Derivative Collateral Obligation To Return Cash
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CY2020Q2 us-gaap Derivative Collateral Right To Reclaim Cash
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43200000 USD
CY2021 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
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92600000 USD
CY2020 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
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CY2019 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
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CY2021 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
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92600000 USD
CY2020 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
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CY2019 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
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CY2021 sjm Net Gain Loss On Derivative Positions Reclassified From Derivative Gains Losses To Segment Operating Profit
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CY2020 sjm Net Gain Loss On Derivative Positions Reclassified From Derivative Gains Losses To Segment Operating Profit
NetGainLossOnDerivativePositionsReclassifiedFromDerivativeGainsLossesToSegmentOperatingProfit
48700000 USD
CY2019 sjm Net Gain Loss On Derivative Positions Reclassified From Derivative Gains Losses To Segment Operating Profit
NetGainLossOnDerivativePositionsReclassifiedFromDerivativeGainsLossesToSegmentOperatingProfit
41400000 USD
CY2021 sjm Net Mark To Market Valuation Of Certain Derivative Positions Recognized In Unallocated Derivative Gains Losses
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93600000 USD
CY2020 sjm Net Mark To Market Valuation Of Certain Derivative Positions Recognized In Unallocated Derivative Gains Losses
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19600000 USD
CY2019 sjm Net Mark To Market Valuation Of Certain Derivative Positions Recognized In Unallocated Derivative Gains Losses
NetMarkToMarketValuationOfCertainDerivativePositionsRecognizedInUnallocatedDerivativeGainsLosses
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CY2021 sjm Cumulative Net Mark To Market Valuation Of Certain Derivative Positions Recognized In Unallocated Derivative Gains Losses
CumulativeNetMarkToMarketValuationOfCertainDerivativePositionsRecognizedInUnallocatedDerivativeGainsLosses
60700000 USD
CY2020 sjm Cumulative Net Mark To Market Valuation Of Certain Derivative Positions Recognized In Unallocated Derivative Gains Losses
CumulativeNetMarkToMarketValuationOfCertainDerivativePositionsRecognizedInUnallocatedDerivativeGainsLosses
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CY2021 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
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CY2020 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
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CY2019 us-gaap Interest Income Expense Nonoperating Net
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CY2021 us-gaap Amortization Of Deferred Hedge Gains
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8400000 USD
CY2020 us-gaap Amortization Of Deferred Hedge Gains
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8100000 USD
CY2019 us-gaap Amortization Of Deferred Hedge Gains
AmortizationOfDeferredHedgeGains
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CY2021 sjm Impact Of Leases Not Yet Commenced
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1900000 USD
CY2021Q2 sjm Other Investment Municipal Bond Matured In One Year
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1700000 USD
CY2021Q2 sjm Other Investment Municipal Bond Matured In Third Year
OtherInvestmentMunicipalBondMaturedInThirdYear
2500000 USD
CY2021Q2 sjm Other Investment Municipal Bond Matured In Fourth Year
OtherInvestmentMunicipalBondMaturedInFourthYear
3000000.0 USD
CY2021Q2 sjm Other Investment Municipal Bond Matured In Fifth Year And Beyond
OtherInvestmentMunicipalBondMaturedInFifthYearAndBeyond
17200000 USD
CY2021Q2 sjm Other Investment Municipal Bond Matured In Second Year
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CY2021Q2 us-gaap Operating Lease Right Of Use Asset
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142000000.0 USD
CY2020Q2 us-gaap Operating Lease Right Of Use Asset
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CY2021Q2 us-gaap Operating Lease Liability Current
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41100000 USD
CY2020Q2 us-gaap Operating Lease Liability Current
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36500000 USD
CY2021Q2 us-gaap Operating Lease Liability Noncurrent
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CY2020Q2 us-gaap Operating Lease Liability Noncurrent
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120000000.0 USD
CY2021Q2 us-gaap Operating Lease Liability
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CY2020Q2 us-gaap Operating Lease Liability
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156500000 USD
CY2021Q2 us-gaap Finance Lease Liability
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4300000 USD
CY2020Q2 us-gaap Finance Lease Liability
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5700000 USD
CY2021 us-gaap Operating Lease Cost
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CY2020 us-gaap Operating Lease Cost
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51700000 USD
CY2021 us-gaap Finance Lease Right Of Use Asset Amortization
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2400000 USD
CY2020 us-gaap Finance Lease Right Of Use Asset Amortization
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2800000 USD
CY2021 us-gaap Finance Lease Interest Expense
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CY2020 us-gaap Finance Lease Interest Expense
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200000 USD
CY2021 us-gaap Variable Lease Cost
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23200000 USD
CY2020 us-gaap Variable Lease Cost
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22900000 USD
CY2021 us-gaap Short Term Lease Cost
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37600000 USD
CY2020 us-gaap Short Term Lease Cost
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35200000 USD
CY2021 us-gaap Sublease Income
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3700000 USD
CY2020 us-gaap Sublease Income
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CY2021 us-gaap Lease Cost
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105000000.0 USD
CY2020 us-gaap Lease Cost
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CY2021 us-gaap Operating Lease Payments
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45700000 USD
CY2020 us-gaap Operating Lease Payments
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50800000 USD
CY2021 us-gaap Finance Lease Interest Payment On Liability
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200000 USD
CY2020 us-gaap Finance Lease Interest Payment On Liability
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200000 USD
CY2021 us-gaap Finance Lease Principal Payments
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2600000 USD
CY2020 us-gaap Finance Lease Principal Payments
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2800000 USD
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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34800000 USD
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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57000000.0 USD
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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1100000 USD
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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2600000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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44200000 USD
CY2021Q2 us-gaap Finance Lease Liability Payments Due Next Twelve Months
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1900000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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40900000 USD
CY2021Q2 us-gaap Finance Lease Liability Payments Due Year Two
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1200000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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29200000 USD
CY2021Q2 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
900000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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21300000 USD
CY2021Q2 us-gaap Finance Lease Liability Payments Due Year Four
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400000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
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18700000 USD
CY2021Q2 us-gaap Finance Lease Liability Payments Due Year Five
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100000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
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7900000 USD
CY2021Q2 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
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CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due
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162200000 USD
CY2021Q2 us-gaap Finance Lease Liability Payments Due
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4500000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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8300000 USD
CY2021Q2 us-gaap Finance Lease Liability Undiscounted Excess Amount
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200000 USD
CY2021Q2 us-gaap Operating Lease Liability
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153900000 USD
CY2021Q2 us-gaap Finance Lease Liability
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4300000 USD
CY2021Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P4Y4M24D
CY2020Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y8M12D
CY2021Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P3Y1M6D
CY2020Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P3Y4M24D
CY2021Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.025
CY2020Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.031
CY2021Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
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0.026
CY2020Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
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0.029
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
4431824 shares
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.230
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.201
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.032
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.028
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.004
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.019
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
489055 shares
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
116.25
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
296619 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
108.90
CY2021 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
39000 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
116.46
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
26591 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
108.90
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
720083 shares
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
113.48
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
347545 shares
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
114.69
CY2021Q2 us-gaap Share Price
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130.99
CY2021 sjm Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value Total Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValueTotalValue
23100000 USD
CY2020 sjm Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value Total Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValueTotalValue
14700000 USD
CY2019 sjm Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value Total Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValueTotalValue
17000000.0 USD
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
19700000 USD
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
14500000 USD
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
17000000.0 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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1176600000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
986700000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
659200000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-4700000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
40000000.0 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
42400000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
1171900000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
1026700000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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701600000 USD
CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
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600000 USD
CY2021 us-gaap Current Federal Tax Expense Benefit
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CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
188700000 USD
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
227900000 USD
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
11700000 USD
CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
8500000 USD
CY2019 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
16000000.0 USD
CY2021 us-gaap Current State And Local Tax Expense Benefit
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46700000 USD
CY2020 us-gaap Current State And Local Tax Expense Benefit
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42400000 USD
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
36800000 USD
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-7900000 USD
CY2019 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
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CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-2900000 USD
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
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CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
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CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
295600000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
247200000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
187200000 USD
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2021 sjm Effective Income Tax Rate Reconciliation Transition Tax Tax Cutsand Jobs Act2017 Percent
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0
CY2020 sjm Effective Income Tax Rate Reconciliation Transition Tax Tax Cutsand Jobs Act2017 Percent
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0
CY2019 sjm Effective Income Tax Rate Reconciliation Transition Tax Tax Cutsand Jobs Act2017 Percent
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-0.005
CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseImpairmentLosses
0
CY2020 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseImpairmentLosses
0
CY2019 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseImpairmentLosses
0.029
CY2021 sjm Effective Income Tax Rate Reconciliation Disposition Of Business Percent Us Baking Business
EffectiveIncomeTaxRateReconciliationDispositionOfBusinessPercentUSBakingBusiness
0
CY2020 sjm Effective Income Tax Rate Reconciliation Disposition Of Business Percent Us Baking Business
EffectiveIncomeTaxRateReconciliationDispositionOfBusinessPercentUSBakingBusiness
0
CY2019 sjm Effective Income Tax Rate Reconciliation Disposition Of Business Percent Us Baking Business
EffectiveIncomeTaxRateReconciliationDispositionOfBusinessPercentUSBakingBusiness
0.024
CY2021 sjm Effective Income Tax Rate Reconciliation Disposition Of Business Crisco
EffectiveIncomeTaxRateReconciliationDispositionOfBusinessCrisco
-0.045
CY2020 sjm Effective Income Tax Rate Reconciliation Disposition Of Business Crisco
EffectiveIncomeTaxRateReconciliationDispositionOfBusinessCrisco
0
CY2019 sjm Effective Income Tax Rate Reconciliation Disposition Of Business Crisco
EffectiveIncomeTaxRateReconciliationDispositionOfBusinessCrisco
0
CY2021 sjm Effective Income Tax Rate Reconciliation Disposition Of Business Natural Blance
EffectiveIncomeTaxRateReconciliationDispositionOfBusinessNaturalBlance
0.030
CY2020 sjm Effective Income Tax Rate Reconciliation Disposition Of Business Natural Blance
EffectiveIncomeTaxRateReconciliationDispositionOfBusinessNaturalBlance
0
CY2019 sjm Effective Income Tax Rate Reconciliation Disposition Of Business Natural Blance
EffectiveIncomeTaxRateReconciliationDispositionOfBusinessNaturalBlance
0
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.029
CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.033
CY2019 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.027
CY2021 sjm Effective Income Tax Rate Reconciliation Deferred Tax Benefit From Integration
EffectiveIncomeTaxRateReconciliationDeferredTaxBenefitFromIntegration
0
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
187200000 USD
CY2020 sjm Effective Income Tax Rate Reconciliation Deferred Tax Benefit From Integration
EffectiveIncomeTaxRateReconciliationDeferredTaxBenefitFromIntegration
0
CY2019 sjm Effective Income Tax Rate Reconciliation Deferred Tax Benefit From Integration
EffectiveIncomeTaxRateReconciliationDeferredTaxBenefitFromIntegration
0.024
CY2021 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.002
CY2020 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.002
CY2019 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.006
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
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0.252
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.241
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.267
CY2021 us-gaap Income Taxes Paid Net
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333200000 USD
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
227100000 USD
CY2019 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
250900000 USD
CY2021 us-gaap Income Tax Expense Benefit
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295600000 USD
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2019 us-gaap Tax Cuts And Jobs Act Of2017 Income Tax Expense Benefit
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-765800000 USD
CY2021Q2 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
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1347400000 USD
CY2020Q2 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
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1399700000 USD
CY2021Q2 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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187900000 USD
CY2020Q2 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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151300000 USD
CY2021Q2 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
27400000 USD
CY2020Q2 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
30300000 USD
CY2021Q2 us-gaap Deferred Tax Liabilities Other
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16200000 USD
CY2020Q2 us-gaap Deferred Tax Liabilities Other
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15100000 USD
CY2021Q2 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
1578900000 USD
CY2020Q2 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
1596400000 USD
CY2021Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
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103600000 USD
CY2020Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
100300000 USD
CY2021Q2 us-gaap Deferred Tax Assets Other Tax Carryforwards
DeferredTaxAssetsOtherTaxCarryforwards
28300000 USD
CY2020Q2 us-gaap Deferred Tax Assets Other Tax Carryforwards
DeferredTaxAssetsOtherTaxCarryforwards
28100000 USD
CY2021Q2 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
17100000 USD
CY2020Q2 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
16900000 USD
CY2021Q2 us-gaap Deferred Tax Assets Hedging Transactions
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43400000 USD
CY2020Q2 us-gaap Deferred Tax Assets Hedging Transactions
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59500000 USD
CY2020Q2 sjm Deferred Tax Assets Leasing Arrangements
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31900000 USD
CY2021Q2 sjm Deferred Tax Assets Leasing Arrangements
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29400000 USD
CY2021Q2 us-gaap Deferred Tax Assets Other
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38500000 USD
CY2020Q2 us-gaap Deferred Tax Assets Other
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37800000 USD
CY2021Q2 us-gaap Deferred Tax Assets Gross
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260300000 USD
CY2020Q2 us-gaap Deferred Tax Assets Gross
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274500000 USD
CY2021Q2 us-gaap Deferred Tax Assets Valuation Allowance
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30700000 USD
CY2020Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
29700000 USD
CY2021Q2 us-gaap Deferred Tax Assets Net
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229600000 USD
CY2020Q2 us-gaap Deferred Tax Assets Net
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244800000 USD
CY2021Q2 us-gaap Deferred Tax Liabilities
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1349300000 USD
CY2020Q2 us-gaap Deferred Tax Liabilities
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1351600000 USD
CY2021 us-gaap Foreign Earnings Repatriated
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100000000.0 USD
CY2021Q2 us-gaap Undistributed Earnings Of Foreign Subsidiaries
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23900000 USD
CY2021Q2 us-gaap Unrecognized Tax Benefits
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10200000 USD
CY2020Q2 us-gaap Unrecognized Tax Benefits
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13100000 USD
CY2019Q2 us-gaap Unrecognized Tax Benefits
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15000000.0 USD
CY2021Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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8100000 USD
CY2020Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
10500000 USD
CY2019Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
12000000.0 USD
CY2021Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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1700000 USD
CY2020Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
1900000 USD
CY2019Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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3300000 USD
CY2021 sjm Interest Charged Credited To Earnings
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CY2020 sjm Interest Charged Credited To Earnings
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-100000 USD
CY2019 sjm Interest Charged Credited To Earnings
InterestChargedCreditedToEarnings
-800000 USD
CY2021 sjm Time Period Over Which It Is Reasonably Possible That Company Could Increase Or Decrease Its Unrecognized Tax Benefits
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P12M
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3300000 USD
CY2020Q2 us-gaap Unrecognized Tax Benefits
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13100000 USD
CY2019Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
15000000.0 USD
CY2018Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
32300000 USD
CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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700000 USD
CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
1400000 USD
CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
900000 USD
CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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0 USD
CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
200000 USD
CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
300000 USD
CY2021 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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0 USD
CY2020 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
0 USD
CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
9000000.0 USD
CY2021 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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2600000 USD
CY2020 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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3500000 USD
CY2019 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
9500000 USD
CY2021 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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1000000.0 USD
CY2020 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2021Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
10200000 USD
CY2020Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
13100000 USD
CY2019Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
15000000.0 USD
CY2021 us-gaap Loss Contingency Disclosures
LossContingencyDisclosures
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 16: Contingencies</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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, the significant majority of which were settled and paid during 2019 and 2020. While we cannot predict with certainty the ultimate results of the remaining 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 April 30, 2021. Based on the information known to date, with the exception of the matters 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><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In addition to the legal proceedings discussed above, we are currently a defendant in CERT v. Brad Barry LLC, et al., which alleges that we, in addition to the Defendants who manufacture, package, distribute, or sell packaged coffee, failed to provide warnings for our coffee products of exposure to the chemical acrylamide as required under Proposition 65. CERT sought equitable relief, including warnings to consumers, as well as civil penalties in the amount of the statutory maximum of $2,500 per day per violation of Proposition 65. In addition, CERT asserted that every consumed cup of coffee, absent a compliant warning, was equivalent to a violation under Proposition 65. In June 2019, the state agency responsible for administering the Proposition 65 program, OEHHA, approved a regulation clarifying that cancer warnings are not required for coffee under Proposition 65, and in August 2020, the trial court granted the Defendants’ motion for summary judgment based on the regulation. CERT appealed the ruling in November 2020 to the California Court of Appeals for the Second Appellate District, which is currently pending. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We are also defendants in nine pending putative class action lawsuits filed in federal courts in California, Florida, Illinois, Missouri, Texas, Washington, and Washington D.C. The plaintiffs in those actions assert claims arising under various state laws for false advertising, consumer protection, deceptive and unfair trade practices, and similar statutes. Their claims are premised on allegations that we have misrepresented the number of servings that can be made from various canisters of </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Folgers</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> coffee on the packaging for those products. Five of the lawsuits have been transferred to the United States District Court for the Western District of Missouri for coordinated pre-trial proceedings. Similar claims have been asserted against certain retailers of our </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Folgers</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> coffee products, and indemnity claims have been asserted by such retailers against us. Various other potential plaintiffs have threatened to assert similar claims against us. </span></div><div><span><br/></span></div><div style="margin-bottom:3pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The outcome and the financial impact of these cases, if any, cannot be predicted at this time. Accordingly, no loss contingency has been recorded for these matters as of April 30, 2021, and the likelihood of loss is not considered probable or estimable. However, if we are required to pay significant damages, our business and financial results could be adversely impacted, and sales of those products could suffer not only in these locations but elsewhere.</span></div>
CY2021 sjm Number Of Votes Each Holder Of Common Share Outstanding Is Entitled
NumberOfVotesEachHolderOfCommonShareOutstandingIsEntitled
1 votes_per_share
CY2021 sjm Number Of Votes
NumberOfVotes
10 votes_per_share
CY2021 sjm Number Of Votes
NumberOfVotes
10 votes_per_share
CY2021 sjm Number Of Votes After Change In Beneficial Ownership
NumberOfVotesAfterChangeInBeneficialOwnership
1 votes_per_share
CY2021 sjm Numberof Years Requiredto Pass After Change In Beneficial Ownership
NumberofYearsRequiredtoPassAfterChangeInBeneficialOwnership
P4Y

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