XML 24 R74.htm IDEA: XBRL DOCUMENT
v3.19.3

PENSION AND OTHER POSTRETIREMENT BENEFITS - Narrative (Details) - USD ($) | 3 Months Ended | 9 Months Ended |
--- | --- | --- | ---
Sep. 29, 2019 | Sep. 30, 2018 | Sep. 29, 2019 | Sep. 30, 2018 | Dec. 30, 2018
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |  |  |  |
Retirement plan expenses | $ 5,000,000.0 | $ 3,000,000.0 | $ 14,600,000 | $ 9,100,000 |
Accumulated benefit obligation, defined benefit pension plans | 169,400,000 |  | $ 169,400,000 |  | $ 157,600,000
Weighted average duration of defined benefit obligation |  |  | 29 years 8 months 15 days |  |
Expected contributions, remainder of 2019 (less than for other postretirement plans) | 2,100,000 |  | $ 2,100,000 |  |
Actuarial loss expected to be recognized in net pension cost, remainder of 2018 | $ 400,000 |  | $ 400,000 |  |
Fixed income securities | Pooled separate accounts |  |  |  |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |  |  |  |
Target plan asset allocations | 50.00% |  | 50.00% |  |
Fixed income securities | Common collective trusts funds |  |  |  |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |  |  |  |
Target plan asset allocations | 30.00% |  | 30.00% |  |
Equity securities | Pooled separate accounts |  |  |  |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |  |  |  |
Target plan asset allocations | 50.00% |  | 50.00% |  |
Equity securities | Common collective trusts funds |  |  |  |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |  |  |  |
Target plan asset allocations | 70.00% |  | 70.00% |  |
Maximum | Other Benefits |  |  |  |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |  |  |  |
Impact of 0.25% change in discount rate on projected benefit obligation |  |  | $ 1,000 |  |
Expected contributions, remainder of 2019 (less than for other postretirement plans) | $ 100,000 |  | $ 100,000 |  |

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 Amount of actuarial present value of benefits attributed to employee service rendered, excluding assumptions about future compensation level. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=118255775&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 of cost (credit) included in accumulated other comprehensive (income) loss expected to be recognized in net periodic benefit cost (credit) for fiscal year following most recent annual statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (s) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 + Details
Name: | us-gaap_DefinedBenefitPlanExpectedAmortizationNextFiscalYear
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount of contributions expected to be received by defined benefit plan from employer in fiscal year. Excludes contributions paid by employer in current fiscal year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 6 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e2709-114920 + Details
Name: | us-gaap_DefinedBenefitPlanExpectedFutureEmployerContributionsRemainderOfFiscalYear
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Percentage of target investment allocation to total plan assets. Includes, but is not limited to, percentage on weighted-average basis if more than one plan. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 55 -Paragraph 17 -URI http://asc.fasb.org/extlink&oid=118257860&loc=d3e4179-114921 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(i) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 + Details
Name: | us-gaap_DefinedBenefitPlanPlanAssetsTargetAllocationPercentage
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

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 cost (reversal of cost) for pension and other postretirement benefits. + References No definition available. + Details
Name: | us-gaap_PensionAndOtherPostretirementBenefitExpense
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

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

X
- Details
Name: | srt_RangeAxis=srt_MaximumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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