2022 Q3 Form 10-Q Financial Statement
#000009141922000096 Filed on August 23, 2022
Income Statement
Concept | 2022 Q3 | 2022 Q2 | 2021 Q3 |
---|---|---|---|
Revenue | $1.873B | $2.034B | $1.858B |
YoY Change | 0.81% | 5.92% | -5.77% |
Cost Of Revenue | $1.321B | $1.364B | $1.219B |
YoY Change | 8.36% | 15.16% | 1.86% |
Gross Profit | $552.5M | $669.7M | $639.4M |
YoY Change | -13.59% | -8.97% | -17.54% |
Gross Profit Margin | 29.5% | 32.93% | 34.41% |
Selling, General & Admin | $343.8M | $352.6M | $324.0M |
YoY Change | 6.11% | -14.23% | -9.37% |
% of Gross Profit | 62.23% | 52.65% | 50.67% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $55.10M | $114.1M | $58.50M |
YoY Change | -5.81% | -0.52% | 8.13% |
% of Gross Profit | 9.97% | 17.04% | 9.15% |
Operating Expenses | $343.8M | $361.8M | $324.0M |
YoY Change | 6.11% | -23.7% | -9.37% |
Operating Profit | $179.7M | $307.9M | $259.4M |
YoY Change | -30.72% | 17.74% | -28.16% |
Interest Expense | -$39.10M | -$38.00M | -$43.10M |
YoY Change | -9.28% | -10.38% | -6.51% |
% of Operating Profit | -21.76% | -12.34% | -16.62% |
Other Income/Expense, Net | $500.0K | -$3.800M | -$11.10M |
YoY Change | -104.5% | 26.67% | 692.86% |
Pretax Income | $141.1M | $260.2M | $205.2M |
YoY Change | -31.24% | 34.61% | -34.57% |
Income Tax | $31.30M | $58.10M | $51.30M |
% Of Pretax Income | 22.18% | 22.33% | 25.0% |
Net Earnings | $109.8M | $202.1M | $153.9M |
YoY Change | -28.65% | 37.48% | -35.06% |
Net Earnings / Revenue | 5.86% | 9.94% | 8.28% |
Basic Earnings Per Share | $1.03 | $1.42 | |
Diluted Earnings Per Share | $1.03 | $1.884M | $1.42 |
COMMON SHARES | |||
Basic Shares Outstanding | 106.3M shares | 106.5M shares | 108.0M shares |
Diluted Shares Outstanding | 106.8M shares | 108.1M shares |
Balance Sheet
Concept | 2022 Q3 | 2022 Q2 | 2021 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $151.6M | $169.9M | $168.8M |
YoY Change | -10.19% | -49.18% | -57.48% |
Cash & Equivalents | $151.6M | $169.9M | $168.8M |
Short-Term Investments | |||
Other Short-Term Assets | $218.3M | $226.2M | $112.6M |
YoY Change | 93.87% | 98.77% | 17.78% |
Inventory | $1.313B | $1.089B | $1.106B |
Prepaid Expenses | |||
Receivables | $605.0M | $524.7M | $566.0M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $2.288B | $2.010B | $1.953B |
YoY Change | 17.14% | 3.52% | -1.61% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $2.139B | $2.132B | $1.988B |
YoY Change | 7.56% | 6.51% | 2.04% |
Goodwill | $6.017B | $6.016B | $6.021B |
YoY Change | -0.07% | -0.13% | -4.59% |
Intangibles | $5.597B | $5.652B | $5.985B |
YoY Change | -6.49% | -6.44% | -6.06% |
Long-Term Investments | |||
YoY Change | |||
Other Assets | $11.85B | $11.91B | $12.27B |
YoY Change | -3.42% | -3.47% | -5.39% |
Total Long-Term Assets | $13.99B | $14.04B | $14.26B |
YoY Change | -1.89% | -2.07% | -4.42% |
TOTAL ASSETS | |||
Total Short-Term Assets | $2.288B | $2.010B | $1.953B |
Total Long-Term Assets | $13.99B | $14.04B | $14.26B |
Total Assets | $16.28B | $16.06B | $16.21B |
YoY Change | 0.4% | -1.41% | -4.09% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $1.243B | $1.193B | $1.041B |
YoY Change | 19.34% | 15.4% | 33.38% |
Accrued Expenses | $240.4M | $325.7M | $236.1M |
YoY Change | 1.82% | -14.65% | 5.4% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $388.0M | $180.0M | $366.0M |
YoY Change | 6.01% | 119.51% | 23.65% |
Long-Term Debt Due | $1.400M | $0.00 | $751.6M |
YoY Change | -99.81% | -100.0% | 87.99% |
Total Short-Term Liabilities | $2.177B | $1.953B | $2.763B |
YoY Change | -21.21% | -31.9% | 33.29% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $4.312B | $4.311B | $3.518B |
YoY Change | 22.57% | 22.57% | -24.72% |
Other Long-Term Liabilities | $248.5M | $249.5M | $308.0M |
YoY Change | -19.32% | 157.75% | -10.67% |
Total Long-Term Liabilities | $5.955B | $5.962B | $5.278B |
YoY Change | 12.83% | 12.66% | -18.6% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $2.177B | $1.953B | $2.763B |
Total Long-Term Liabilities | $5.955B | $5.962B | $5.278B |
Total Liabilities | $8.132B | $7.915B | $8.041B |
YoY Change | 1.13% | -3.0% | -6.03% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $2.893B | $2.893B | $2.894B |
YoY Change | -0.01% | 1.6% | 0.4% |
Common Stock | $5.458B | $5.458B | $5.531B |
YoY Change | -1.33% | -1.26% | -4.56% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | 39.90M shares | 40.00M shares | 38.10M shares |
Shareholders Equity | $8.144B | $8.140B | $8.170B |
YoY Change | |||
Total Liabilities & Shareholders Equity | $16.28B | $16.06B | $16.21B |
YoY Change | 0.4% | -1.41% | -4.09% |
Cashflow Statement
Concept | 2022 Q3 | 2022 Q2 | 2021 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $109.8M | $202.1M | $153.9M |
YoY Change | -28.65% | 37.48% | -35.06% |
Depreciation, Depletion And Amortization | $55.10M | $114.1M | $58.50M |
YoY Change | -5.81% | -0.52% | 8.13% |
Cash From Operating Activities | -$39.00M | $393.7M | $137.8M |
YoY Change | -128.3% | 35.29% | -66.31% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $88.30M | -$173.0M | $68.00M |
YoY Change | 29.85% | 60.19% | -11.23% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$15.20M | -$50.60M | $12.00M |
YoY Change | -226.67% | -143.8% | |
Cash From Investing Activities | -$71.50M | -$223.6M | -$80.00M |
YoY Change | -10.63% | 107.04% | 62.6% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $7.800M | $6.800M | |
YoY Change | 14.71% | 47.83% | |
Debt Paid & Issued, Net | $0.00 | $407.0M | |
YoY Change | -100.0% | 35.67% | |
Cash From Financing Activities | $91.90M | -284.1M | -$223.3M |
YoY Change | -141.16% | -19.59% | -37.5% |
NET CHANGE | |||
Cash From Operating Activities | -$39.00M | 393.7M | $137.8M |
Cash From Investing Activities | -$71.50M | -223.6M | -$80.00M |
Cash From Financing Activities | $91.90M | -284.1M | -$223.3M |
Net Change In Cash | -$18.30M | -114.0M | -$165.5M |
YoY Change | -88.94% | -33.06% | -3109.09% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$39.00M | $393.7M | $137.8M |
Capital Expenditures | $88.30M | -$173.0M | $68.00M |
Free Cash Flow | -$127.3M | $566.7M | $69.80M |
YoY Change | -282.38% | 42.03% | -79.0% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2022Q3 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0000091419 | |
CY2022Q3 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2022Q3 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2023 | |
CY2022Q3 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q1 | |
CY2022Q3 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--04-30 | |
CY2022Q3 | us-gaap |
Finance Lease Right Of Use Asset Statement Of Financial Position Extensible List
FinanceLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
|
http://fasb.org/us-gaap/2021-01-31#AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment http://fasb.org/us-gaap/2021-01-31#MachineryAndEquipmentGross http://fasb.org/us-gaap/2021-01-31#PropertyPlantAndEquipmentNet | |
CY2022Q2 | us-gaap |
Finance Lease Right Of Use Asset Statement Of Financial Position Extensible List
FinanceLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
|
http://fasb.org/us-gaap/2021-01-31#AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment http://fasb.org/us-gaap/2021-01-31#MachineryAndEquipmentGross http://fasb.org/us-gaap/2021-01-31#PropertyPlantAndEquipmentNet | |
CY2022Q3 | us-gaap |
Finance Lease Liability Current Statement Of Financial Position Extensible List
FinanceLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
|
http://fasb.org/us-gaap/2021-01-31#OtherLiabilitiesCurrent | |
CY2022Q2 | us-gaap |
Finance Lease Liability Current Statement Of Financial Position Extensible List
FinanceLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
|
http://fasb.org/us-gaap/2021-01-31#OtherLiabilitiesCurrent | |
CY2022Q3 | us-gaap |
Finance Lease Liability Noncurrent Statement Of Financial Position Extensible List
FinanceLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
|
http://fasb.org/us-gaap/2021-01-31#OtherLiabilitiesNoncurrent | |
CY2022Q2 | us-gaap |
Finance Lease Liability Noncurrent Statement Of Financial Position Extensible List
FinanceLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
|
http://fasb.org/us-gaap/2021-01-31#OtherLiabilitiesNoncurrent | |
CY2022Q2 | us-gaap |
Finance Lease Liability Statement Of Financial Position Extensible List
FinanceLeaseLiabilityStatementOfFinancialPositionExtensibleList
|
http://fasb.org/us-gaap/2021-01-31#Liabilities | |
CY2022Q3 | us-gaap |
Finance Lease Liability Statement Of Financial Position Extensible List
FinanceLeaseLiabilityStatementOfFinancialPositionExtensibleList
|
http://fasb.org/us-gaap/2021-01-31#Liabilities | |
CY2022Q3 | dei |
Document Type
DocumentType
|
10-Q | |
CY2022Q3 | dei |
Document Quarterly Report
DocumentQuarterlyReport
|
true | |
CY2022Q3 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2022-07-31 | |
CY2022Q3 | dei |
Document Transition Report
DocumentTransitionReport
|
false | |
CY2022Q3 | dei |
Entity File Number
EntityFileNumber
|
1-5111 | |
CY2022Q3 | dei |
Entity Registrant Name
EntityRegistrantName
|
The J. M. Smucker Company | |
CY2022Q3 | dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
OH | |
CY2022Q3 | dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
|
34-0538550 | |
CY2022Q3 | dei |
Entity Address Address Line1
EntityAddressAddressLine1
|
One Strawberry Lane | |
CY2022Q3 | dei |
Entity Address City Or Town
EntityAddressCityOrTown
|
Orrville, | |
CY2022Q3 | dei |
Entity Address State Or Province
EntityAddressStateOrProvince
|
OH | |
CY2022Q3 | dei |
Entity Address Postal Zip Code
EntityAddressPostalZipCode
|
44667-0280 | |
CY2022Q3 | dei |
City Area Code
CityAreaCode
|
(330) | |
CY2022Q3 | dei |
Local Phone Number
LocalPhoneNumber
|
682-3000 | |
CY2022Q3 | dei |
Security12b Title
Security12bTitle
|
Common shares, no par value | |
CY2022Q3 | dei |
Trading Symbol
TradingSymbol
|
SJM | |
CY2022Q3 | dei |
Security Exchange Name
SecurityExchangeName
|
NYSE | |
CY2022Q3 | dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | |
CY2022Q3 | dei |
Entity Interactive Data Current
EntityInteractiveDataCurrent
|
Yes | |
CY2022Q3 | dei |
Entity Filer Category
EntityFilerCategory
|
Large Accelerated Filer | |
CY2022Q3 | dei |
Entity Small Business
EntitySmallBusiness
|
false | |
CY2022Q3 | dei |
Entity Emerging Growth Company
EntityEmergingGrowthCompany
|
false | |
CY2022Q3 | dei |
Entity Shell Company
EntityShellCompany
|
false | |
CY2022Q3 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
106557345 | shares |
CY2022Q3 | us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
1873000000 | usd |
CY2021Q3 | us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
1858000000 | usd |
CY2022Q3 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
1320500000 | usd |
CY2021Q3 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
1218600000 | usd |
CY2022Q3 | us-gaap |
Gross Profit
GrossProfit
|
552500000 | usd |
CY2021Q3 | us-gaap |
Gross Profit
GrossProfit
|
639400000 | usd |
CY2022Q3 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
343800000 | usd |
CY2021Q3 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
324000000.0 | usd |
CY2022Q3 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
55600000 | usd |
CY2021Q3 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
55400000 | usd |
CY2022Q3 | us-gaap |
Restructuring Charges
RestructuringCharges
|
1400000 | usd |
CY2021Q3 | us-gaap |
Restructuring Charges
RestructuringCharges
|
1800000 | usd |
CY2022Q3 | us-gaap |
Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
|
28000000.0 | usd |
CY2021Q3 | us-gaap |
Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
|
1200000 | usd |
CY2022Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
179700000 | usd |
CY2021Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
259400000 | usd |
CY2022Q3 | us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
-39100000 | usd |
CY2021Q3 | us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
-43100000 | usd |
CY2022Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
500000 | usd |
CY2021Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-11100000 | usd |
CY2022Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
141100000 | usd |
CY2021Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
205200000 | usd |
CY2022Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
31300000 | usd |
CY2021Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
51300000 | usd |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
109800000 | usd |
CY2021Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
153900000 | usd |
CY2022Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.03 | |
CY2021Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.42 | |
CY2022Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.03 | |
CY2021Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.42 | |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
109800000 | usd |
CY2021Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
153900000 | usd |
CY2022Q3 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
1400000 | usd |
CY2021Q3 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
-4000000.0 | usd |
CY2022Q3 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
|
2500000 | usd |
CY2021Q3 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
|
2300000 | usd |
CY2022Q3 | us-gaap |
Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
|
-400000 | usd |
CY2021Q3 | us-gaap |
Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
|
2600000 | usd |
CY2022Q3 | us-gaap |
Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
|
-300000 | usd |
CY2021Q3 | us-gaap |
Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
|
100000 | usd |
CY2022Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
4000000.0 | usd |
CY2021Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-4200000 | usd |
CY2022Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
113800000 | usd |
CY2021Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
149700000 | usd |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
151600000 | usd |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
169900000 | usd |
CY2022Q3 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
605000000.0 | usd |
CY2022Q2 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
524700000 | usd |
CY2022Q3 | us-gaap |
Inventory Finished Goods And Work In Process Net Of Reserves
InventoryFinishedGoodsAndWorkInProcessNetOfReserves
|
793600000 | usd |
CY2022Q2 | us-gaap |
Inventory Finished Goods And Work In Process Net Of Reserves
InventoryFinishedGoodsAndWorkInProcessNetOfReserves
|
704400000 | usd |
CY2022Q3 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
519200000 | usd |
CY2022Q2 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
384900000 | usd |
CY2022Q3 | us-gaap |
Inventory Net
InventoryNet
|
1312800000 | usd |
CY2022Q2 | us-gaap |
Inventory Net
InventoryNet
|
1089300000 | usd |
CY2022Q3 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
218300000 | usd |
CY2022Q2 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
226200000 | usd |
CY2022Q3 | us-gaap |
Assets Current
AssetsCurrent
|
2287700000 | usd |
CY2022Q2 | us-gaap |
Assets Current
AssetsCurrent
|
2010100000 | usd |
CY2022Q3 | us-gaap |
Land And Land Improvements
LandAndLandImprovements
|
131000000.0 | usd |
CY2022Q2 | us-gaap |
Land And Land Improvements
LandAndLandImprovements
|
120400000 | usd |
CY2022Q3 | us-gaap |
Buildings And Improvements Gross
BuildingsAndImprovementsGross
|
939900000 | usd |
CY2022Q2 | us-gaap |
Buildings And Improvements Gross
BuildingsAndImprovementsGross
|
959700000 | usd |
CY2022Q3 | us-gaap |
Machinery And Equipment Gross
MachineryAndEquipmentGross
|
2494600000 | usd |
CY2022Q2 | us-gaap |
Machinery And Equipment Gross
MachineryAndEquipmentGross
|
2503300000 | usd |
CY2022Q3 | us-gaap |
Construction In Progress Gross
ConstructionInProgressGross
|
545700000 | usd |
CY2022Q2 | us-gaap |
Construction In Progress Gross
ConstructionInProgressGross
|
527800000 | usd |
CY2022Q3 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
4111200000 | usd |
CY2022Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
4111200000 | usd |
CY2022Q3 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
1972400000 | usd |
CY2022Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
1979500000 | usd |
CY2022Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
2138800000 | usd |
CY2022Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
2131700000 | usd |
CY2022Q3 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
98100000 | usd |
CY2022Q2 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
106500000 | usd |
CY2022Q3 | us-gaap |
Goodwill
Goodwill
|
6016700000 | usd |
CY2022Q2 | us-gaap |
Goodwill
Goodwill
|
6015800000 | usd |
CY2022Q3 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
5597000000 | usd |
CY2022Q2 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
5652200000 | usd |
CY2022Q3 | us-gaap |
Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
|
138400000 | usd |
CY2022Q2 | us-gaap |
Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
|
138700000 | usd |
CY2022Q3 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
11850200000 | usd |
CY2022Q2 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
11913200000 | usd |
CY2022Q3 | us-gaap |
Assets
Assets
|
16276700000 | usd |
CY2022Q2 | us-gaap |
Assets
Assets
|
16055000000 | usd |
CY2022Q3 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
1242600000 | usd |
CY2022Q2 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
1193300000 | usd |
CY2022Q3 | us-gaap |
Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
|
201200000 | usd |
CY2022Q2 | us-gaap |
Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
|
193800000 | usd |
CY2022Q3 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
|
388000000.0 | usd |
CY2022Q2 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
|
180000000.0 | usd |
CY2022Q3 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
39200000 | usd |
CY2022Q2 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
40100000 | usd |
CY2022Q3 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
306200000 | usd |
CY2022Q2 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
345600000 | usd |
CY2022Q3 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
2177200000 | usd |
CY2022Q2 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
1952800000 | usd |
CY2022Q3 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
4311500000 | usd |
CY2022Q2 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
4310600000 | usd |
CY2022Q3 | us-gaap |
Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
|
1326900000 | usd |
CY2022Q2 | us-gaap |
Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
|
1325800000 | usd |
CY2022Q3 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
68300000 | usd |
CY2022Q2 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
76200000 | usd |
CY2022Q3 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
248500000 | usd |
CY2022Q2 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
249500000 | usd |
CY2022Q3 | us-gaap |
Liabilities Noncurrent
LiabilitiesNoncurrent
|
5955200000 | usd |
CY2022Q2 | us-gaap |
Liabilities Noncurrent
LiabilitiesNoncurrent
|
5962100000 | usd |
CY2022Q3 | us-gaap |
Liabilities
Liabilities
|
8132400000 | usd |
CY2022Q2 | us-gaap |
Liabilities
Liabilities
|
7914900000 | usd |
CY2022Q3 | us-gaap |
Common Stock Value Outstanding
CommonStockValueOutstanding
|
26600000 | usd |
CY2022Q2 | us-gaap |
Common Stock Value Outstanding
CommonStockValueOutstanding
|
26600000 | usd |
CY2022Q3 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
5457700000 | usd |
CY2022Q2 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
5457900000 | usd |
CY2022Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
2893400000 | usd |
CY2022Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
2893000000 | usd |
CY2022Q3 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-233400000 | usd |
CY2022Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-237400000 | usd |
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
8144300000 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
8140100000 | usd |
CY2022Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
16276700000 | usd |
CY2022Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
16055000000 | usd |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
109800000 | usd |
CY2021Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
153900000 | usd |
CY2022Q3 | us-gaap |
Depreciation
Depreciation
|
55100000 | usd |
CY2021Q3 | us-gaap |
Depreciation
Depreciation
|
58500000 | usd |
CY2022Q3 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
55600000 | usd |
CY2021Q3 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
55400000 | usd |
CY2022Q3 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
7900000 | usd |
CY2021Q3 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
5300000 | usd |
CY2022Q3 | us-gaap |
Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
|
1600000 | usd |
CY2021Q3 | us-gaap |
Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
|
0 | usd |
CY2022Q3 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-4100000 | usd |
CY2021Q3 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-3100000 | usd |
CY2022Q3 | us-gaap |
Gains Losses On Extinguishment Of Debt Before Write Off Of Deferred Debt Issuance Cost
GainsLossesOnExtinguishmentOfDebtBeforeWriteOffOfDeferredDebtIssuanceCost
|
0 | usd |
CY2021Q3 | us-gaap |
Gains Losses On Extinguishment Of Debt Before Write Off Of Deferred Debt Issuance Cost
GainsLossesOnExtinguishmentOfDebtBeforeWriteOffOfDeferredDebtIssuanceCost
|
-7000000.0 | usd |
CY2022Q3 | us-gaap |
Pension Contributions
PensionContributions
|
70700000 | usd |
CY2021Q3 | us-gaap |
Pension Contributions
PensionContributions
|
900000 | usd |
CY2022Q3 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
80200000 | usd |
CY2021Q3 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
32900000 | usd |
CY2022Q3 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
223000000.0 | usd |
CY2021Q3 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
146300000 | usd |
CY2022Q3 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
3300000 | usd |
CY2021Q3 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-8000000.0 | usd |
CY2022Q3 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
73100000 | usd |
CY2021Q3 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
28500000 | usd |
CY2022Q3 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
8900000 | usd |
CY2021Q3 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-43900000 | usd |
CY2022Q3 | sjm |
Increase Decrease In Income Taxes Excluding Deferred Income Taxes
IncreaseDecreaseInIncomeTaxesExcludingDeferredIncomeTaxes
|
25600000 | usd |
CY2021Q3 | sjm |
Increase Decrease In Income Taxes Excluding Deferred Income Taxes
IncreaseDecreaseInIncomeTaxesExcludingDeferredIncomeTaxes
|
47400000 | usd |
CY2022Q3 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
300000 | usd |
CY2021Q3 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
5300000 | usd |
CY2022Q3 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-39000000.0 | usd |
CY2021Q3 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
137800000 | usd |
CY2022Q3 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
88300000 | usd |
CY2021Q3 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
68000000.0 | usd |
CY2022Q3 | us-gaap |
Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
|
1600000 | usd |
CY2021Q3 | us-gaap |
Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
|
0 | usd |
CY2022Q3 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
-15200000 | usd |
CY2021Q3 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
12000000.0 | usd |
CY2022Q3 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-71500000 | usd |
CY2021Q3 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-80000000.0 | usd |
CY2022Q3 | us-gaap |
Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
|
207000000.0 | usd |
CY2021Q3 | us-gaap |
Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
|
284000000.0 | usd |
CY2022Q3 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
0 | usd |
CY2021Q3 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
407000000.0 | usd |
CY2022Q3 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
105100000 | usd |
CY2021Q3 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
97200000 | usd |
CY2022Q3 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
7800000 | usd |
CY2021Q3 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
6800000 | usd |
CY2022Q3 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
900000 | usd |
CY2021Q3 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
4000000.0 | usd |
CY2022Q3 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-3100000 | usd |
CY2021Q3 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-300000 | usd |
CY2022Q3 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
91900000 | usd |
CY2021Q3 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-223300000 | usd |
CY2022Q3 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
300000 | usd |
CY2021Q3 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
0 | usd |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-18300000 | usd |
CY2021Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-165500000 | usd |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
169900000 | usd |
CY2021Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
334300000 | usd |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
151600000 | usd |
CY2021Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
168800000 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
8140100000 | usd |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
109800000 | usd |
CY2022Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
4000000.0 | usd |
CY2022Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
113800000 | usd |
CY2022Q3 | us-gaap |
Treasury Stock Value Acquired Par Value Method
TreasuryStockValueAcquiredParValueMethod
|
7800000 | usd |
CY2022Q3 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
6500000 | usd |
CY2022Q3 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
1.02 | |
CY2022Q3 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
108300000 | usd |
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
8144300000 | 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 |
CY2021Q3 | sjm |
Net Mark To Market Valuation Of Certain Derivative Positions Recognized In Unallocated Derivative Gains Losses
NetMarkToMarketValuationOfCertainDerivativePositionsRecognizedInUnallocatedDerivativeGainsLosses
|
-2200000 | usd |
CY2021Q3 | us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
-43100000 | usd |
CY2022Q3 | sjm |
Net Mark To Market Valuation Of Certain Derivative Positions Recognized In Unallocated Derivative Gains Losses
NetMarkToMarketValuationOfCertainDerivativePositionsRecognizedInUnallocatedDerivativeGainsLosses
|
-33800000 | usd |
CY2022Q3 | sjm |
Number Of Industries In Which Company Operates
NumberOfIndustriesInWhichCompanyOperates
|
1 | industry |
CY2022Q3 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
3 | segment |
CY2022Q3 | us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
1873000000 | usd |
CY2021Q3 | us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
1858000000 | usd |
CY2022Q3 | sjm |
Segment Reporting Information Segment Profit
SegmentReportingInformationSegmentProfit
|
337600000 | usd |
CY2021Q3 | sjm |
Segment Reporting Information Segment Profit
SegmentReportingInformationSegmentProfit
|
382800000 | usd |
CY2022Q3 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
55600000 | usd |
CY2021Q3 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
55400000 | usd |
CY2022Q3 | us-gaap |
Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
|
1600000 | usd |
CY2021Q3 | us-gaap |
Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
|
0 | usd |
CY2022Q3 | us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
-39100000 | usd |
CY2022Q3 | us-gaap |
Other Restructuring Costs
OtherRestructuringCosts
|
1100000 | usd |
CY2021Q3 | us-gaap |
Other Restructuring Costs
OtherRestructuringCosts
|
4600000 | usd |
CY2022Q3 | us-gaap |
Restructuring Charges
RestructuringCharges
|
1400000 | usd |
CY2021Q3 | us-gaap |
Restructuring Charges
RestructuringCharges
|
1800000 | usd |
CY2022Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
67600000 | usd |
CY2021Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
59400000 | usd |
CY2022Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
500000 | usd |
CY2021Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-11100000 | usd |
CY2022Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
141100000 | usd |
CY2021Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
205200000 | usd |
CY2022Q3 | us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
1873000000 | usd |
CY2021Q3 | us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
1858000000 | usd |
CY2022Q3 | us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
1873000000 | usd |
CY2021Q3 | us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
1858000000 | usd |
CY2022Q3 | sjm |
Percentofproductsalesattributabletoprimaryreportablesegment
Percentofproductsalesattributabletoprimaryreportablesegment
|
0.75 | |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
109800000 | usd |
CY2022Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
106300000 | shares |
CY2022Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
106800000 | shares |
CY2022Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.03 | |
CY2022Q3 | us-gaap |
Debt Instrument Face Amount
DebtInstrumentFaceAmount
|
4350000000 | usd |
CY2022Q3 | us-gaap |
Long Term Debt
LongTermDebt
|
4311500000 | usd |
CY2022Q2 | us-gaap |
Debt Instrument Face Amount
DebtInstrumentFaceAmount
|
4350000000 | usd |
CY2022Q2 | us-gaap |
Long Term Debt
LongTermDebt
|
4310600000 | usd |
CY2022Q3 | us-gaap |
Interest Paid
InterestPaid
|
9400000 | usd |
CY2021Q3 | us-gaap |
Interest Paid
InterestPaid
|
12800000 | usd |
CY2021Q3 | us-gaap |
Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
|
17300000 | usd |
CY2022Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
500000 | usd |
CY2021Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-11100000 | usd |
CY2022Q3 | us-gaap |
Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
|
70000000.0 | usd |
CY2022Q3 | us-gaap |
Defined Benefit Plan Plan Assets Benefits Paid
DefinedBenefitPlanPlanAssetsBenefitsPaid
|
700000 | usd |
CY2022Q3 | us-gaap |
Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
|
42400000 | usd |
CY2022Q2 | us-gaap |
Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
|
54600000 | usd |
CY2022Q3 | us-gaap |
Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
|
-9100000 | usd |
CY2022Q3 | 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 |
CY2022Q3 | sjm |
Net Gain Loss On Derivative Positions Reclassified From Derivative Gains Losses To Segment Operating Profit
NetGainLossOnDerivativePositionsReclassifiedFromDerivativeGainsLossesToSegmentOperatingProfit
|
-24700000 | usd |
CY2021Q3 | sjm |
Net Gain Loss On Derivative Positions Reclassified From Derivative Gains Losses To Segment Operating Profit
NetGainLossOnDerivativePositionsReclassifiedFromDerivativeGainsLossesToSegmentOperatingProfit
|
-19500000 | usd |
CY2022Q3 | sjm |
Net Mark To Market Valuation Of Certain Derivative Positions Recognized In Unallocated Derivative Gains Losses
NetMarkToMarketValuationOfCertainDerivativePositionsRecognizedInUnallocatedDerivativeGainsLosses
|
-33800000 | usd |
CY2021Q3 | sjm |
Net Mark To Market Valuation Of Certain Derivative Positions Recognized In Unallocated Derivative Gains Losses
NetMarkToMarketValuationOfCertainDerivativePositionsRecognizedInUnallocatedDerivativeGainsLosses
|
-2200000 | usd |
CY2022Q3 | sjm |
Cumulative Net Mark To Market Valuation Of Certain Derivative Positions Recognized In Unallocated Derivative Gains Losses
CumulativeNetMarkToMarketValuationOfCertainDerivativePositionsRecognizedInUnallocatedDerivativeGainsLosses
|
3500000 | usd |
CY2022 | sjm |
Cumulative Net Mark To Market Valuation Of Certain Derivative Positions Recognized In Unallocated Derivative Gains Losses
CumulativeNetMarkToMarketValuationOfCertainDerivativePositionsRecognizedInUnallocatedDerivativeGainsLosses
|
37300000 | usd |
CY2022Q3 | us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
-39100000 | usd |
CY2021Q3 | us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
-43100000 | usd |
CY2022Q3 | sjm |
Other Investment Municipal Bond Matured In One Year
OtherInvestmentMunicipalBondMaturedInOneYear
|
200000 | usd |
CY2022Q3 | sjm |
Other Investment Municipal Bond Matured In Second Year
OtherInvestmentMunicipalBondMaturedInSecondYear
|
1700000 | usd |
CY2022Q3 | sjm |
Other Investment Municipal Bond Matured In Third Year
OtherInvestmentMunicipalBondMaturedInThirdYear
|
1800000 | usd |
CY2022Q3 | sjm |
Other Investment Municipal Bond Matured In Fourth Year
OtherInvestmentMunicipalBondMaturedInFourthYear
|
800000 | usd |
CY2022Q3 | sjm |
Other Investment Municipal Bond Matured In Fifth Year
OtherInvestmentMunicipalBondMaturedInFifthYear
|
4400000 | usd |
CY2022Q3 | sjm |
Other Investment Municipal Bond Matured In Sixth Year And Beyond
OtherInvestmentMunicipalBondMaturedInSixthYearAndBeyond
|
9600000 | usd |
CY2022Q3 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
98100000 | usd |
CY2022Q2 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
106500000 | usd |
CY2022Q3 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
39200000 | usd |
CY2022Q2 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
40100000 | usd |
CY2022Q3 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
68300000 | usd |
CY2022Q2 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
76200000 | usd |
CY2022Q3 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
107500000 | usd |
CY2022Q2 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
116300000 | usd |
CY2022Q3 | us-gaap |
Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
|
8400000 | usd |
CY2022Q2 | us-gaap |
Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
|
8100000 | usd |
CY2022Q3 | us-gaap |
Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
|
4300000 | usd |
CY2022Q2 | us-gaap |
Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
|
4300000 | usd |
CY2022Q3 | us-gaap |
Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
|
4100000 | usd |
CY2022Q2 | us-gaap |
Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
|
3800000 | usd |
CY2022Q3 | us-gaap |
Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
|
1400000 | usd |
CY2022Q2 | us-gaap |
Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
|
1400000 | usd |
CY2022Q3 | us-gaap |
Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
|
2800000 | usd |
CY2022Q2 | us-gaap |
Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
|
2500000 | usd |
CY2022Q3 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
4200000 | usd |
CY2022Q2 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
3900000 | usd |
CY2021Q3 | us-gaap |
Lease Cost
LeaseCost
|
27100000 | usd |
CY2022Q3 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
10500000 | usd |
CY2021Q3 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
10800000 | usd |
CY2022Q3 | us-gaap |
Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
|
400000 | usd |
CY2021Q3 | us-gaap |
Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
|
500000 | usd |
CY2022Q3 | us-gaap |
Finance Lease Interest Expense
FinanceLeaseInterestExpense
|
0 | usd |
CY2021Q3 | us-gaap |
Finance Lease Interest Expense
FinanceLeaseInterestExpense
|
0 | usd |
CY2022Q3 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
6100000 | usd |
CY2021Q3 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
5300000 | usd |
CY2022Q3 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
11800000 | usd |
CY2021Q3 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
10800000 | usd |
CY2022Q3 | us-gaap |
Sublease Income
SubleaseIncome
|
300000 | usd |
CY2021Q3 | us-gaap |
Sublease Income
SubleaseIncome
|
300000 | usd |
CY2022Q3 | us-gaap |
Lease Cost
LeaseCost
|
28500000 | usd |
CY2022Q3 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
10900000 | usd |
CY2021Q3 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
11000000.0 | usd |
CY2022Q3 | us-gaap |
Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
|
0 | usd |
CY2021Q3 | us-gaap |
Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
|
0 | usd |
CY2022Q3 | us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
500000 | usd |
CY2021Q3 | us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
700000 | usd |
CY2022Q3 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
1400000 | usd |
CY2021Q3 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
2000000.0 | usd |
CY2022Q3 | us-gaap |
Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
|
900000 | usd |
CY2021Q3 | us-gaap |
Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
|
0 | usd |
CY2022Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
|
2700000 | usd |
CY2022Q3 | us-gaap |
Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
|
100000 | usd |
CY2022Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
112000000.0 | usd |
CY2022Q3 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
31900000 | usd |
CY2022Q3 | us-gaap |
Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
|
1100000 | usd |
CY2022Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
31300000 | usd |
CY2022Q3 | us-gaap |
Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
|
1300000 | usd |
CY2022Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
21800000 | usd |
CY2022Q3 | us-gaap |
Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
|
1000000.0 | usd |
CY2022Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
18900000 | usd |
CY2022Q3 | us-gaap |
Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
|
600000 | usd |
CY2022Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
5400000 | usd |
CY2022Q3 | us-gaap |
Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
|
300000 | usd |
CY2022Q3 | us-gaap |
Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
|
4400000 | usd |
CY2022Q3 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
4500000 | usd |
CY2022Q3 | us-gaap |
Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
|
200000 | usd |
CY2022Q3 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
107500000 | usd |
CY2022Q3 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
4200000 | usd |
CY2022Q3 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P3Y6M | |
CY2022Q2 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P3Y7M6D | |
CY2022Q3 | us-gaap |
Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
|
P3Y6M | |
CY2022Q2 | us-gaap |
Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
|
P3Y3M18D | |
CY2022Q3 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.025 | |
CY2022Q2 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.025 | |
CY2022Q3 | us-gaap |
Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
|
0.022 | |
CY2022Q2 | us-gaap |
Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
|
0.021 | |
CY2022Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
300000000.0 | shares |
CY2022Q3 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.222 | |
CY2021Q3 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.25 | |
CY2021Q3 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.210 | |
CY2022Q3 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.210 | |
CY2022Q3 | sjm |
Time Period Over Which It Is Reasonably Possible That Company Could Increase Or Decrease Its Unrecognized Tax Benefits
TimePeriodOverWhichItIsReasonablyPossibleThatCompanyCouldIncreaseOrDecreaseItsUnrecognizedTaxBenefits
|
P12M | |
CY2022Q3 | us-gaap |
Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit
|
1200000 | usd |
CY2022Q3 | 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, 2022. 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 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 are also defendants in a series of putative class action lawsuits that were originally filed in federal courts in California, Florida, Illinois, Missouri, New York, Texas, Washington, and Washington D.C., but have been transferred to the United States District Court for the Western District of Missouri for coordinated pre-trial proceedings. The plaintiffs 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. </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%">We are a defendant in five putative class action lawsuits as a result of our voluntary recall of select </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Jif</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> peanut butter products. The plaintiffs assert causes of action for negligence, breach of warranties, fraudulent concealment, unjust enrichment, and, in some of the lawsuits, violations of state consumer protection and deceptive trade practices laws. Their claims are premised on allegations that we engaged in business practices designed to mislead the public regarding the safety 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%">Jif</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> peanut butter for human consumption due to the alleged presence of salmonella. </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, 2022, and the likelihood of loss is not considered probable or estimable. </span></div>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 style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Product Recall: </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In May 2022, we initiated a voluntary recall of select </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Jif</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> peanut butter products produced at our Lexington, Kentucky, facility and sold primarily in the U.S., due to potential salmonella contamination. At that time, we also suspended the manufacturing of these products at our Lexington facility and temporarily paused shipments from our Memphis, Tennessee, facility. No other products produced at our other facilities were affected by this recall. In June 2022, we resumed manufacturing and shipping at our Lexington facility, as well as shipping from our Memphis facility. We continue to partner with retailers to restock </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Jif</span> peanut butter products as quickly as possible and anticipate a return to normal levels by the end of 2023. In addition to the impact of manufacturing downtime, we expect to incur total direct costs of approximately $90.0 by the end of 2023, net of the remaining anticipated insurance recoveries, related to customer returns, fees, unsaleable inventory, and other product recall-related costs, primarily within our U.S. Retail Consumer Foods segment. Approximately $65.0 of direct costs were recognized, net of the remaining anticipated insurance recoveries, during the three months ended July 31, 2022. We expect the majority of the remaining costs will be incurred through the third quarter of 2023. | |
CY2022Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
300000000.0 | shares |
CY2022Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
106600000 | shares |
CY2022Q2 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
106500000 | shares |
CY2022Q3 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
39900000 | shares |
CY2022Q2 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
40000000.0 | shares |