$SJM
J M SMUCKER Co Stock $sjm

$sjm Overview Financials Valuation SEC Filings Company Website

2021 Q3 Form 10-Q Financial Statement

#000009141921000083 Filed on August 26, 2021

Income Statement

Concept	2021 Q3	2020 Q3
Revenue	$1.858B	$1.972B
YoY Change	-5.77%	10.84%
Cost Of Revenue	$1.219B	$1.196B
YoY Change	1.86%	10.85%
Gross Profit	$639.4M	$775.4M
YoY Change	-17.54%	10.83%
Gross Profit Margin	34.41%	39.32%
Selling, General & Admin	$324.0M	$357.5M
YoY Change	-9.37%	-6.04%
% of Gross Profit	50.67%	46.11%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$58.50M	$54.10M
YoY Change	8.13%	6.5%
% of Gross Profit	9.15%	6.98%
Operating Expenses	$324.0M	$357.5M
YoY Change	-9.37%	-6.04%
Operating Profit	$259.4M	$361.1M
YoY Change	-28.16%	40.18%
Interest Expense	-$43.10M	-$46.10M
YoY Change	-6.51%	-6.68%
% of Operating Profit	-16.62%	-12.77%
Other Income/Expense, Net	-$11.10M	-$1.400M
YoY Change	692.86%	-6.67%
Pretax Income	$205.2M	$313.6M
YoY Change	-34.57%	51.72%
Income Tax	$51.30M	$76.60M
% Of Pretax Income	25.0%	24.43%
Net Earnings	$153.9M	$237.0M
YoY Change	-35.06%	53.3%
Net Earnings / Revenue	8.28%	12.02%
Basic Earnings Per Share	$1.42	$2.08
Diluted Earnings Per Share	$1.42	$2.08
COMMON SHARES
Basic Shares Outstanding	108.0M shares	113.5M shares
Diluted Shares Outstanding	108.1M shares	113.5M shares

Balance Sheet

Concept	2021 Q3	2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$168.8M	$397.0M
YoY Change	-57.48%	710.2%
Cash & Equivalents	$168.8M	$396.6M
Short-Term Investments
Other Short-Term Assets	$112.6M	$95.60M
YoY Change	17.78%	23.04%
Inventory	$1.106B	$995.0M
Prepaid Expenses
Receivables	$566.0M	$497.6M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$1.953B	$1.985B
YoY Change	-1.61%	23.01%
LONG-TERM ASSETS
Property, Plant & Equipment	$1.988B	$1.949B
YoY Change	2.04%	2.06%
Goodwill	$6.021B	$6.311B
YoY Change	-4.59%	-0.04%
Intangibles	$5.985B	$6.372B
YoY Change	-6.06%	-4.35%
Long-Term Investments
YoY Change
Other Assets	$12.27B	$12.97B
YoY Change	-5.39%	-2.26%
Total Long-Term Assets	$14.26B	$14.92B
YoY Change	-4.42%	-1.72%
TOTAL ASSETS
Total Short-Term Assets	$1.953B	$1.985B
Total Long-Term Assets	$14.26B	$14.92B
Total Assets	$16.21B	$16.90B
YoY Change	-4.09%	0.66%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$1.041B	$780.6M
YoY Change	33.38%	55.16%
Accrued Expenses	$236.1M	$224.0M
YoY Change	5.4%	-10.04%
Deferred Revenue
YoY Change
Short-Term Debt	$366.0M	$296.0M
YoY Change	23.65%	0.03%
Long-Term Debt Due	$751.6M	$399.8M
YoY Change	87.99%	-49.96%
Total Short-Term Liabilities	$2.763B	$2.073B
YoY Change	33.29%	-9.5%
LONG-TERM LIABILITIES
Long-Term Debt	$3.518B	$4.673B
YoY Change	-24.72%	-0.27%
Other Long-Term Liabilities	$308.0M	$344.8M
YoY Change	-10.67%	12.06%
Total Long-Term Liabilities	$5.278B	$6.484B
YoY Change	-18.6%	-0.14%
TOTAL LIABILITIES
Total Short-Term Liabilities	$2.763B	$2.073B
Total Long-Term Liabilities	$5.278B	$6.484B
Total Liabilities	$8.041B	$8.557B
YoY Change	-6.03%	-2.58%
SHAREHOLDERS EQUITY
Retained Earnings	$2.894B	$2.882B
YoY Change	0.4%	19.01%
Common Stock	$5.531B	$5.795B
YoY Change	-4.56%	0.38%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares	38.10M shares	32.40M shares
Shareholders Equity	$8.170B	$8.345B
YoY Change
Total Liabilities & Shareholders Equity	$16.21B	$16.90B
YoY Change	-4.09%	0.66%

Cashflow Statement

Concept	2021 Q3	2020 Q3
OPERATING ACTIVITIES
Net Income	$153.9M	$237.0M
YoY Change	-35.06%	53.3%
Depreciation, Depletion And Amortization	$58.50M	$54.10M
YoY Change	8.13%	6.5%
Cash From Operating Activities	$137.8M	$409.0M
YoY Change	-66.31%	84.65%
INVESTING ACTIVITIES
Capital Expenditures	$68.00M	$76.60M
YoY Change	-11.23%	4.93%
Acquisitions
YoY Change
Other Investing Activities	$12.00M	-$27.40M
YoY Change	-143.8%	31.1%
Cash From Investing Activities	-$80.00M	-$49.20M
YoY Change	62.6%	-5.57%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$6.800M	$4.600M
YoY Change	47.83%	58.62%
Debt Paid & Issued, Net	$407.0M	$300.0M
YoY Change	35.67%
Cash From Financing Activities	-$223.3M	-$357.3M
YoY Change	-37.5%	60.51%
NET CHANGE
Cash From Operating Activities	$137.8M	$409.0M
Cash From Investing Activities	-$80.00M	-$49.20M
Cash From Financing Activities	-$223.3M	-$357.3M
Net Change In Cash	-$165.5M	$5.500M
YoY Change	-3109.09%	-110.48%
FREE CASH FLOW
Cash From Operating Activities	$137.8M	$409.0M
Capital Expenditures	$68.00M	$76.60M
Free Cash Flow	$69.80M	$332.4M
YoY Change	-79.0%	123.84%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2021Q3	dei	Amendment Flag AmendmentFlag	false
CY2021Q3	dei	Entity Central Index Key EntityCentralIndexKey	0000091419
CY2021Q3	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2022
CY2021Q3	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2021Q3	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--04-30
CY2021Q3	dei	Document Type DocumentType	10-Q
CY2021Q3	dei	Document Quarterly Report DocumentQuarterlyReport	true
CY2021Q3	dei	Document Period End Date DocumentPeriodEndDate	2021-07-31
CY2021Q3	dei	Document Transition Report DocumentTransitionReport	false
CY2021Q3	dei	Entity File Number EntityFileNumber	1-5111
CY2021Q3	dei	Entity Registrant Name EntityRegistrantName	The J. M. Smucker Company
CY2021Q3	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	OH
CY2021Q3	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	34-0538550
CY2021Q3	dei	Entity Address Address Line1 EntityAddressAddressLine1	One Strawberry Lane
CY2021Q3	dei	Entity Address City Or Town EntityAddressCityOrTown	Orrville,
CY2021Q3	dei	Entity Address State Or Province EntityAddressStateOrProvince	OH
CY2021Q3	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	44667-0280
CY2021Q3	dei	City Area Code CityAreaCode	(330)
CY2021Q3	dei	Local Phone Number LocalPhoneNumber	682-3000
CY2021Q3	dei	Security12b Title Security12bTitle	Common shares, no par value
CY2021Q3	dei	Trading Symbol TradingSymbol	SJM
CY2021Q3	dei	Security Exchange Name SecurityExchangeName	NYSE
CY2021Q3	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2021Q3	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2021Q3	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2021Q3	dei	Entity Small Business EntitySmallBusiness	false
CY2021Q3	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2021Q3	dei	Entity Shell Company EntityShellCompany	false
CY2021Q3	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	108358521	shares
CY2021Q3	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	1858000000	USD
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CY2021Q3	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	324000000.0	USD
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CY2021Q3	us-gaap	Restructuring Charges RestructuringCharges	1800000	USD
CY2020Q3	us-gaap	Restructuring Charges RestructuringCharges	0	USD
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CY2020Q3	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	2800000	USD
CY2021Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	259400000	USD
CY2020Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	361100000	USD
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CY2020Q3	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	12900000	USD
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CY2020Q3	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	7100000	USD
CY2021Q3	sjm	Increase Decrease In Income Taxes Excluding Deferred Income Taxes IncreaseDecreaseInIncomeTaxesExcludingDeferredIncomeTaxes	47400000	USD
CY2020Q3	sjm	Increase Decrease In Income Taxes Excluding Deferred Income Taxes IncreaseDecreaseInIncomeTaxesExcludingDeferredIncomeTaxes	43400000	USD
CY2021Q3	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	9900000	USD
CY2020Q3	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	-100000	USD
CY2021Q3	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	137800000	USD
CY2020Q3	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	409000000.0	USD
CY2021Q3	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	68000000.0	USD
CY2020Q3	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	76600000	USD
CY2021Q3	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	12000000.0	USD
CY2020Q3	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	-27400000	USD
CY2021Q3	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-80000000.0	USD
CY2020Q3	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-49200000	USD
CY2021Q3	us-gaap	Proceeds From Repayments Of Short Term Debt ProceedsFromRepaymentsOfShortTermDebt	284000000.0	USD
CY2020Q3	us-gaap	Proceeds From Repayments Of Short Term Debt ProceedsFromRepaymentsOfShortTermDebt	47800000	USD
CY2021Q3	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	407000000.0	USD
CY2020Q3	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	300000000.0	USD
CY2021Q3	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	97200000	USD
CY2020Q3	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	100100000	USD
CY2021Q3	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	6800000	USD
CY2020Q3	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	4600000	USD
CY2021Q3	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	4000000.0	USD
CY2020Q3	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	0	USD
CY2021Q3	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-300000	USD
CY2020Q3	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-400000	USD
CY2021Q3	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-223300000	USD
CY2020Q3	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-357300000	USD
CY2021Q3	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	0	USD
CY2020Q3	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	3000000.0	USD
CY2021Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-165500000	USD
CY2020Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	5500000	USD
CY2021Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	334300000	USD
CY2020Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	391100000	USD
CY2021Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	168800000	USD
CY2020Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	396600000	USD
CY2021Q2	us-gaap	Stockholders Equity StockholdersEquity	8124800000	USD
CY2021Q3	us-gaap	Net Income Loss NetIncomeLoss	153900000	USD
CY2021Q3	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-4200000	USD
CY2021Q3	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	149700000	USD
CY2021Q3	us-gaap	Treasury Stock Value Acquired Par Value Method TreasuryStockValueAcquiredParValueMethod	6800000	USD
CY2021Q3	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	9500000	USD
CY2021Q3	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.99
CY2021Q3	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	106900000	USD
CY2021Q3	us-gaap	Stockholders Equity StockholdersEquity	8170300000	USD
CY2020Q2	us-gaap	Stockholders Equity StockholdersEquity	8190900000	USD
CY2020Q3	us-gaap	Net Income Loss NetIncomeLoss	237000000.0	USD
CY2020Q3	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	18100000	USD
CY2020Q3	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	255100000	USD
CY2020Q3	us-gaap	Treasury Stock Value Acquired Par Value Method TreasuryStockValueAcquiredParValueMethod	4600000	USD
CY2020Q3	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	6200000	USD
CY2020Q3	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.90
CY2020Q3	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	102400000	USD
CY2020Q3	us-gaap	Stockholders Equity Other StockholdersEquityOther	0	USD
CY2020Q3	us-gaap	Stockholders Equity StockholdersEquity	8345200000	USD
CY2021Q3	sjm	Number Of Industries In Which Company Operates NumberOfIndustriesInWhichCompanyOperates	1	Industry
CY2021Q3	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	3	Segment
CY2021Q3	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	1858000000	USD
CY2020Q3	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	1971800000	USD
CY2020Q3	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	-46100000	USD
CY2021Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-11100000	USD
CY2021Q3	sjm	Segment Reporting Information Segment Profit SegmentReportingInformationSegmentProfit	382800000	USD
CY2020Q3	sjm	Segment Reporting Information Segment Profit SegmentReportingInformationSegmentProfit	470300000	USD
CY2021Q3	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	55400000	USD
CY2020Q3	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	59600000	USD
CY2021Q3	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	-43100000	USD
CY2020Q3	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	-46100000	USD
CY2021Q3	sjm	Net Mark To Market Valuation Of Certain Derivative Positions Recognized In Unallocated Derivative Gains Losses NetMarkToMarketValuationOfCertainDerivativePositionsRecognizedInUnallocatedDerivativeGainsLosses	-2200000	USD
CY2020Q3	sjm	Net Mark To Market Valuation Of Certain Derivative Positions Recognized In Unallocated Derivative Gains Losses NetMarkToMarketValuationOfCertainDerivativePositionsRecognizedInUnallocatedDerivativeGainsLosses	16200000	USD
CY2021Q3	us-gaap	Other Restructuring Costs OtherRestructuringCosts	4600000	USD
CY2020Q3	us-gaap	Other Restructuring Costs OtherRestructuringCosts	0	USD
CY2021Q3	us-gaap	Restructuring Charges RestructuringCharges	1800000	USD
CY2020Q3	us-gaap	Restructuring Charges RestructuringCharges	0	USD
CY2021Q3	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	59400000	USD
CY2020Q3	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	65800000	USD
CY2021Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-11100000	USD
CY2020Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-1400000	USD
CY2021Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	205200000	USD
CY2020Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	313600000	USD
CY2021Q3	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	1858000000	USD
CY2020Q3	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	1971800000	USD
CY2021Q3	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	1858000000	USD
CY2020Q3	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	1971800000	USD
CY2021Q3	sjm	Percentofproductsalesattributabletoprimaryreportablesegment Percentofproductsalesattributabletoprimaryreportablesegment	0.75
CY2021Q3	us-gaap	Net Income Loss NetIncomeLoss	153900000	USD
CY2020Q3	us-gaap	Net Income Loss NetIncomeLoss	237000000.0	USD
CY2021Q3	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Diluted UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted	500000	USD
CY2020Q3	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Diluted UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted	1100000	USD
CY2021Q3	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	153400000	USD
CY2020Q3	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	235900000	USD
CY2021Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	108000000.0	shares
CY2020Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	113500000	shares
CY2021Q3	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	100000	shares
CY2020Q3	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	0	shares
CY2021Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	108100000	shares
CY2020Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	113500000	shares
CY2021Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.42
CY2020Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	2.08
CY2021Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.42
CY2020Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	2.08
CY2021Q3	us-gaap	Debt Instrument Face Amount DebtInstrumentFaceAmount	4300000000	USD
CY2021Q3	us-gaap	Long Term Debt LongTermDebt	4269100000	USD
CY2021Q2	us-gaap	Debt Instrument Face Amount DebtInstrumentFaceAmount	4700000000	USD
CY2021Q2	us-gaap	Long Term Debt LongTermDebt	4669700000	USD
CY2021Q3	us-gaap	Long Term Debt Current LongTermDebtCurrent	751600000	USD
CY2021Q2	us-gaap	Long Term Debt Current LongTermDebtCurrent	1152900000	USD
CY2021Q3	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	3517500000	USD
CY2021Q2	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	3516800000	USD
CY2021Q3	us-gaap	Interest Paid InterestPaid	12800000	USD
CY2020Q3	us-gaap	Interest Paid InterestPaid	10200000	USD
CY2021Q3	us-gaap	Derivative Collateral Obligation To Return Cash DerivativeCollateralObligationToReturnCash	600000	USD
CY2021Q2	us-gaap	Derivative Collateral Right To Reclaim Cash DerivativeCollateralRightToReclaimCash	10800000	USD
CY2021Q3	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	-43100000	USD
CY2021Q3	us-gaap	Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet	17300000	USD
CY2020Q3	us-gaap	Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet	9100000	USD
CY2021Q3	us-gaap	Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet	17300000	USD
CY2020Q3	us-gaap	Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet	9100000	USD
CY2021Q3	sjm	Net Gain Loss On Derivative Positions Reclassified From Derivative Gains Losses To Segment Operating Profit NetGainLossOnDerivativePositionsReclassifiedFromDerivativeGainsLossesToSegmentOperatingProfit	-19500000	USD
CY2020Q3	sjm	Net Gain Loss On Derivative Positions Reclassified From Derivative Gains Losses To Segment Operating Profit NetGainLossOnDerivativePositionsReclassifiedFromDerivativeGainsLossesToSegmentOperatingProfit	7100000	USD
CY2021Q3	sjm	Net Mark To Market Valuation Of Certain Derivative Positions Recognized In Unallocated Derivative Gains Losses NetMarkToMarketValuationOfCertainDerivativePositionsRecognizedInUnallocatedDerivativeGainsLosses	-2200000	USD
CY2020Q3	sjm	Net Mark To Market Valuation Of Certain Derivative Positions Recognized In Unallocated Derivative Gains Losses NetMarkToMarketValuationOfCertainDerivativePositionsRecognizedInUnallocatedDerivativeGainsLosses	16200000	USD
CY2021Q3	sjm	Cumulative Net Mark To Market Valuation Of Certain Derivative Positions Recognized In Unallocated Derivative Gains Losses CumulativeNetMarkToMarketValuationOfCertainDerivativePositionsRecognizedInUnallocatedDerivativeGainsLosses	58500000	USD
CY2021	sjm	Cumulative Net Mark To Market Valuation Of Certain Derivative Positions Recognized In Unallocated Derivative Gains Losses CumulativeNetMarkToMarketValuationOfCertainDerivativePositionsRecognizedInUnallocatedDerivativeGainsLosses	60700000	USD
CY2021Q3	sjm	Other Investment Municipal Bond Matured In One Year OtherInvestmentMunicipalBondMaturedInOneYear	1800000	USD
CY2021Q3	sjm	Other Investment Municipal Bond Matured In Third Year OtherInvestmentMunicipalBondMaturedInThirdYear	2200000	USD
CY2021Q3	sjm	Other Investment Municipal Bond Matured In Fourth Year OtherInvestmentMunicipalBondMaturedInFourthYear	3000000.0	USD
CY2021Q3	sjm	Other Investment Municipal Bond Matured In Fifth Year OtherInvestmentMunicipalBondMaturedInFifthYear	2000000.0	USD
CY2021Q3	sjm	Other Investment Municipal Bond Matured In Sixth Year And Beyond OtherInvestmentMunicipalBondMaturedInSixthYearAndBeyond	15200000	USD
CY2021Q3	sjm	Other Investment Municipal Bond Matured In Second Year OtherInvestmentMunicipalBondMaturedInSecondYear	0	USD
CY2021Q3	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	133500000	USD
CY2021Q2	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	142000000.0	USD
CY2021Q3	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	41200000	USD
CY2021Q2	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	41100000	USD
CY2021Q3	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	103900000	USD
CY2021Q2	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	112800000	USD
CY2021Q3	us-gaap	Operating Lease Liability OperatingLeaseLiability	145100000	USD
CY2021Q2	us-gaap	Operating Lease Liability OperatingLeaseLiability	153900000	USD
CY2021Q3	us-gaap	Finance Lease Liability FinanceLeaseLiability	3700000	USD
CY2021Q2	us-gaap	Finance Lease Liability FinanceLeaseLiability	4300000	USD
CY2021Q3	us-gaap	Operating Lease Cost OperatingLeaseCost	10800000	USD
CY2020Q3	us-gaap	Operating Lease Cost OperatingLeaseCost	11300000	USD
CY2021Q3	us-gaap	Finance Lease Right Of Use Asset Amortization FinanceLeaseRightOfUseAssetAmortization	500000	USD
CY2020Q3	us-gaap	Finance Lease Right Of Use Asset Amortization FinanceLeaseRightOfUseAssetAmortization	600000	USD
CY2021Q3	us-gaap	Finance Lease Interest Expense FinanceLeaseInterestExpense	0	USD
CY2020Q3	us-gaap	Finance Lease Interest Expense FinanceLeaseInterestExpense	100000	USD
CY2021Q3	us-gaap	Variable Lease Cost VariableLeaseCost	5300000	USD
CY2020Q3	us-gaap	Variable Lease Cost VariableLeaseCost	5600000	USD
CY2021Q3	us-gaap	Short Term Lease Cost ShortTermLeaseCost	10800000	USD
CY2020Q3	us-gaap	Short Term Lease Cost ShortTermLeaseCost	9000000.0	USD
CY2021Q3	us-gaap	Sublease Income SubleaseIncome	300000	USD
CY2020Q3	us-gaap	Sublease Income SubleaseIncome	1500000	USD
CY2021Q3	us-gaap	Lease Cost LeaseCost	27100000	USD
CY2020Q3	us-gaap	Lease Cost LeaseCost	25100000	USD
CY2021Q3	us-gaap	Operating Lease Payments OperatingLeasePayments	11000000.0	USD
CY2020Q3	us-gaap	Operating Lease Payments OperatingLeasePayments	10400000	USD
CY2021Q3	us-gaap	Finance Lease Interest Payment On Liability FinanceLeaseInterestPaymentOnLiability	0	USD
CY2020Q3	us-gaap	Finance Lease Interest Payment On Liability FinanceLeaseInterestPaymentOnLiability	0	USD
CY2021Q3	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	700000	USD
CY2021Q3	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	2000000.0	USD
CY2020Q3	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	900000	USD
CY2020Q3	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	0	USD
CY2021Q3	us-gaap	Right Of Use Asset Obtained In Exchange For Finance Lease Liability RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability	0	USD
CY2020Q3	us-gaap	Right Of Use Asset Obtained In Exchange For Finance Lease Liability RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability	300000	USD
CY2021Q3	us-gaap	Lessee Operating Lease Liability Payments Remainder Of Fiscal Year LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear	33400000	USD
CY2021Q3	us-gaap	Finance Lease Liability Payments Remainder Of Fiscal Year FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear	1300000	USD
CY2021Q3	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	41400000	USD
CY2021Q3	us-gaap	Finance Lease Liability Payments Due Next Twelve Months FinanceLeaseLiabilityPaymentsDueNextTwelveMonths	1100000	USD
CY2021Q3	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	29800000	USD
CY2021Q3	us-gaap	Finance Lease Liability Payments Due Year Two FinanceLeaseLiabilityPaymentsDueYearTwo	900000	USD
CY2021Q3	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	21300000	USD
CY2021Q3	us-gaap	Lessee Operating Lease Liability Payments Due After Year Five LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive	8000000.0	USD
CY2021Q3	us-gaap	Finance Lease Liability Payments Due Year Three FinanceLeaseLiabilityPaymentsDueYearThree	500000	USD
CY2021Q3	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	18600000	USD
CY2021Q3	us-gaap	Finance Lease Liability Payments Due Year Four FinanceLeaseLiabilityPaymentsDueYearFour	100000	USD
CY2021Q3	us-gaap	Finance Lease Liability Payments Due After Year Five FinanceLeaseLiabilityPaymentsDueAfterYearFive	0	USD
CY2021Q3	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	152500000	USD
CY2021Q3	us-gaap	Finance Lease Liability Payments Due FinanceLeaseLiabilityPaymentsDue	3900000	USD
CY2021Q3	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	7400000	USD
CY2021Q3	us-gaap	Finance Lease Liability Undiscounted Excess Amount FinanceLeaseLiabilityUndiscountedExcessAmount	200000	USD
CY2021Q3	us-gaap	Operating Lease Liability OperatingLeaseLiability	145100000	USD
CY2021Q3	us-gaap	Finance Lease Liability FinanceLeaseLiability	3700000	USD
CY2021Q3	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P4Y2M12D
CY2021Q2	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P4Y4M24D
CY2021Q3	us-gaap	Finance Lease Weighted Average Remaining Lease Term1 FinanceLeaseWeightedAverageRemainingLeaseTerm1	P3Y
CY2021Q2	us-gaap	Finance Lease Weighted Average Remaining Lease Term1 FinanceLeaseWeightedAverageRemainingLeaseTerm1	P3Y1M6D
CY2021Q3	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.025
CY2021Q2	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.025
CY2021Q3	us-gaap	Finance Lease Weighted Average Discount Rate Percent FinanceLeaseWeightedAverageDiscountRatePercent	0.025
CY2021Q2	us-gaap	Finance Lease Weighted Average Discount Rate Percent FinanceLeaseWeightedAverageDiscountRatePercent	0.026
CY2021Q3	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.250
CY2020Q3	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.244
CY2021Q3	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.210
CY2020Q3	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.210
CY2021Q3	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.210
CY2020Q3	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.210
CY2021Q3	sjm	Time Period Over Which It Is Reasonably Possible That Company Could Increase Or Decrease Its Unrecognized Tax Benefits TimePeriodOverWhichItIsReasonablyPossibleThatCompanyCouldIncreaseOrDecreaseItsUnrecognizedTaxBenefits	P12M
CY2021Q3	us-gaap	Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit	3300000	USD
CY2021Q3	us-gaap	Loss Contingency Disclosures LossContingencyDisclosures	<div style="margin-top:12pt"><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 Pet Brands, the significant majority of which were settled and paid during 2019 and 2020. 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 July 31, 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 style="margin-top:12pt"><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 Council for Education and Research on Toxics (“CERT”) v. Brad Barry LLC, et al., which alleges that we, in addition to nearly eighty other defendants (collectively 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 California Health and Safety Code Section 25249.5, the California Safe Drinking Water and Toxic Enforcement Act of 1986 (better known as “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, the California Office of Environmental Health Hazard Assessment (“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 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 style="margin-top:12pt"><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 July 31, 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>
CY2021Q3	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	300000000.0	shares
CY2021Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	300000000.0	shares
CY2021Q3	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	108400000	shares
CY2021Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	108300000	shares
CY2021Q3	us-gaap	Treasury Stock Shares TreasuryStockShares	38100000	shares
CY2021Q2	us-gaap	Treasury Stock Shares TreasuryStockShares	38200000	shares
CY2021Q3	us-gaap	Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased	2800000	shares
CY2020Q3	us-gaap	Stock Repurchased During Period Shares StockRepurchasedDuringPeriodShares	0	shares
CY2021Q3	us-gaap	Stock Repurchased During Period Shares StockRepurchasedDuringPeriodShares	0	shares

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$SJM
J M SMUCKER Co Stock $sjm

2021 Q3 Form 10-Q Financial Statement

#000009141921000083 Filed on August 26, 2021

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$SJM J M SMUCKER Co Stock $sjm

2021 Q3 Form 10-Q Financial Statement

#000009141921000083 Filed on August 26, 2021

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$SJM
J M SMUCKER Co Stock $sjm