XML 72 R57.htm IDEA: XBRL DOCUMENT
v3.5.0.2

PENSION AND OTHER POSTRETIREMENT BENEFITS (Narrative) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended |
--- | --- | --- | ---
Sep. 25, 2016 | Sep. 27, 2015 | Sep. 25, 2016 | Sep. 27, 2015 | Dec. 27, 2015
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |  |  |  |
Retirement plan expenses | $ 1,600 | $ 2,300 | $ 4,600 | $ 8,400 |
Accumulated benefit obligation, defined benefit pension plans | $ 175,100 |  | $ 175,100 |  | $ 166,000
Weighted average duration of defined benefit obligation |  |  | 33 years 6 months 4 days |  |
Actuarial gain (loss) expected to be recognized in net pension cost, remainder of 2015 |  |  | $ (200) |  |
Pension Benefits [Member] |  |  |  |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |  |  |  |
Expected contributions, remainder of 2016 (less than for other postretirement plans) |  |  | 3,000 |  |
Other Benefits [Member] |  |  |  |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |  |  |  |
Impact of 0.25% change in discount rate on projected benefit obligation |  |  | 1 |  |
Expected contributions, remainder of 2016 (less than for other postretirement plans) |  |  | $ 100 |  |
Fixed income securities [Member] | Pooled separate accounts [Member] |  |  |  |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |  |  |  |
Target plan asset allocations |  |  | 50.00% |  |
Fixed income securities [Member] | Common collective trusts funds [Member] |  |  |  |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |  |  |  |
Target plan asset allocations |  |  | 30.00% |  |
Equity securities [Member] | Common collective trusts funds [Member] |  |  |  |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |  |  |  |
Target plan asset allocations |  |  | 70.00% |  |

X
- Definition Defined Benefit Plan, Effect Of 0.25 Percentage Point Change In Discount Rate on Accumulated Postretirement Benefit Obligation + References No definition available. + Details
Name: | ppc_DefinedBenefitPlanEffectOf0.25PercentagePointChangeInDiscountRateonAccumulatedPostretirementBenefitObligation
Namespace Prefix: | ppc_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Defined Benefit Plan, Weighted Average Term of Benefit Obligation + References No definition available. + Details
Name: | ppc_DefinedBenefitPlanWeightedAverageTermofBenefitObligation
Namespace Prefix: | ppc_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition For defined benefit pension plans, the actuarial present value of benefits (whether vested or nonvested) attributed by the pension benefit formula to employee service rendered before a specified date and based on employee service and compensation (if applicable) before that date. The accumulated benefit obligation differs from the projected benefit obligation in that it includes no assumption about future compensation levels. For plans with flat-benefit or nonpay-related pension benefit formulas, the accumulated benefit obligation and the projected benefit obligation are the same. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Accumulated Benefit Obligation -URI http://asc.fasb.org/extlink&oid=6503844 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=65897934&loc=d3e1928-114920 + Details
Name: | us-gaap_DefinedBenefitPlanAccumulatedBenefitObligation
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount included in accumulated other comprehensive income (AOCI) expected to be recognized as components of net periodic benefit cost for the fiscal year that follows the most recent annual statement of financial position, including gain (loss), prior service cost (credit), and transition asset (obligation). + References No definition available. + Details
Name: | us-gaap_DefinedBenefitPlanAmountToBeAmortizedFromAccumulatedOtherComprehensiveIncomeLossNextFiscalYear
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Target allocation of investments of this type to total plan assets presented on a weighted average basis. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 5 -Subparagraph (c)(i) -URI http://asc.fasb.org/extlink&oid=65897934&loc=d3e2446-114920 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(i) -URI http://asc.fasb.org/extlink&oid=65897934&loc=d3e1928-114920 + Details
Name: | us-gaap_DefinedBenefitPlanTargetPlanAssetAllocations
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_DefinedBenefitPlansAndOtherPostretirementBenefitPlansTableTextBlockLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of employer's best estimate of contributions expected to be paid to the plan in the current remaining fiscal period. + References No definition available. + Details
Name: | us-gaap_DefinedBenefitPlansEstimatedFutureEmployerContributionsInCurrentFiscalYear
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The amount of pension and other (such as medical, dental and life insurance) postretirement benefit costs recognized during the period for (1) defined benefit plans (periodic benefit costs include the following components: service cost, interest cost, expected return on plan assets, gain (loss) on assets, prior service cost or credit, transition asset or obligation, and gain (loss) due to settlements or curtailments) and for (2) defined contribution plans (to the extent that a plan's defined contributions to an individual's account are to be made for periods in which that individual renders services, the net cost for a period is the contribution called for in that period; if a plan calls for contributions for periods after an individual retires or terminates, the estimated cost is accrued during the employee's service period). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -URI http://asc.fasb.org/extlink&oid=66902209&loc=d3e3602-108585 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.4) -URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 70 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=49170846&loc=d3e28014-114942 + Details
Name: | us-gaap_PensionAndOtherPostretirementBenefitExpense
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Details
Name: | us-gaap_DefinedBenefitPlansDisclosuresDefinedBenefitPlansAxis=us-gaap_PensionPlansDefinedBenefitMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DefinedBenefitPlansDisclosuresDefinedBenefitPlansAxis=us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DefinedBenefitPlanByPlanAssetCategoriesAxis=us-gaap_DebtSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_InvestmentSecondaryCategorizationAxis=ppc_PooledSeparateAccountsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_InvestmentSecondaryCategorizationAxis=ppc_CommonCollectiveTrustFundsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DefinedBenefitPlanByPlanAssetCategoriesAxis=us-gaap_EquitySecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |