XML 93 R82.htm IDEA: XBRL DOCUMENT
v3.20.2

PENSION AND OTHER POSTRETIREMENT BENEFITS (Schedule of Fair Value Assumptions of Plan Assets) (Details) - USD ($) $ in Thousands | Jun. 28, 2020 | Dec. 29, 2019
--- | --- | ---
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | $ 269,474 | $ 294,589
Level 1 |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 3,958 | 11,582
Level 2 |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 265,516 | 283,007
Level 3 |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 0 | 0
Cash and cash equivalents |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 3,958 | 11,582
Cash and cash equivalents | Level 1 |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 3,958 | 11,582
Cash and cash equivalents | Level 2 |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 0 | 0
Cash and cash equivalents | Level 3 |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 0 | 0
Large U.S. equity funds | Union Plan |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 2,914 | 3,071
Large U.S. equity funds | GK Pension Plan |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 25,181 | 20,378
Large U.S. equity funds | U.K. Plans |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 13,213 | 17,756
Large U.S. equity funds | Level 1 | Union Plan |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 0 | 0
Large U.S. equity funds | Level 1 | GK Pension Plan |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 0 | 0
Large U.S. equity funds | Level 1 | U.K. Plans |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 0 | 0
Large U.S. equity funds | Level 2 | Union Plan |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 2,914 | 3,071
Large U.S. equity funds | Level 2 | GK Pension Plan |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 25,181 | 20,378
Large U.S. equity funds | Level 2 | U.K. Plans |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 13,213 | 17,756
Large U.S. equity funds | Level 3 | Union Plan |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 0 | 0
Large U.S. equity funds | Level 3 | GK Pension Plan |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 0 | 0
Large U.S. equity funds | Level 3 | U.K. Plans |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 0 | 0
Small/Mid U.S. equity funds | Union Plan |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 311 | 372
Small/Mid U.S. equity funds | GK Pension Plan |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 13,139 | 12,495
Small/Mid U.S. equity funds | Level 1 | Union Plan |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 0 | 0
Small/Mid U.S. equity funds | Level 1 | GK Pension Plan |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 0 | 0
Small/Mid U.S. equity funds | Level 2 | Union Plan |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 311 | 372
Small/Mid U.S. equity funds | Level 2 | GK Pension Plan |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 13,139 | 12,495
Small/Mid U.S. equity funds | Level 3 | Union Plan |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 0 | 0
Small/Mid U.S. equity funds | Level 3 | GK Pension Plan |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 0 | 0
International equity funds | Union Plan |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 1,646 | 1,878
International equity funds | GK Pension Plan |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 13,459 | 25,149
International equity funds | U.K. Plans |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 78,512 | 102,494
International equity funds | Level 1 | Union Plan |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 0 | 0
International equity funds | Level 1 | GK Pension Plan |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 0 | 0
International equity funds | Level 1 | U.K. Plans |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 0 | 0
International equity funds | Level 2 | Union Plan |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 1,646 | 1,878
International equity funds | Level 2 | GK Pension Plan |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 13,459 | 25,149
International equity funds | Level 2 | U.K. Plans |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 78,512 | 102,494
International equity funds | Level 3 | Union Plan |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 0 | 0
International equity funds | Level 3 | GK Pension Plan |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 0 | 0
International equity funds | Level 3 | U.K. Plans |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 0 | 0
Fixed income securities | Union Plan |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 4,385 | 4,452
Fixed income securities | GK Pension Plan |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 35,799 | 35,627
Fixed income securities | U.K. Plans |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 55,827 | 53,722
Fixed income securities | Level 1 | Union Plan |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 0 | 0
Fixed income securities | Level 1 | GK Pension Plan |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 0 | 0
Fixed income securities | Level 1 | U.K. Plans |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 0 | 0
Fixed income securities | Level 2 | Union Plan |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 4,385 | 4,452
Fixed income securities | Level 2 | GK Pension Plan |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 35,799 | 35,627
Fixed income securities | Level 2 | U.K. Plans |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 55,827 | 53,722
Fixed income securities | Level 3 | Union Plan |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 0 | 0
Fixed income securities | Level 3 | GK Pension Plan |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 0 | 0
Fixed income securities | Level 3 | U.K. Plans |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 0 | 0
Real estate | GK Pension Plan |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 5,749 | 5,613
Real estate | U.K. Plans |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 15,381 | 0
Real estate | Level 1 | GK Pension Plan |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 0 | 0
Real estate | Level 1 | U.K. Plans |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 0 | 0
Real estate | Level 2 | GK Pension Plan |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 5,749 | 5,613
Real estate | Level 2 | U.K. Plans |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 15,381 | 0
Real estate | Level 3 | GK Pension Plan |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 0 | 0
Real estate | Level 3 | U.K. Plans |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | $ 0 | $ 0

X
- Definition Amount of asset segregated and restricted to provide benefit under defined benefit plan. Asset includes, but is not limited to, stock, bond, other investment, earning from investment, and contribution by employer and employee. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(iv)(01) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(iv)(01) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(ii) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 Reference 4: 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 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(iv)(02) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 Reference 7: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(ii) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 + Details
Name: | us-gaap_DefinedBenefitPlanFairValueOfPlanAssets
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
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
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_DefinedBenefitPlanCashAndCashEquivalentsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_DefinedBenefitPlanEquitySecuritiesUsLargeCapMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_PlanNameAxis=ppc_UnionPlanMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_PlanNameAxis=ppc_GKPensionPlanMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_PlanNameAxis=ppc_UKPlansMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_DefinedBenefitPlanEquitySecuritiesUsSmallCapMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_DefinedBenefitPlanEquitySecuritiesNonUsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_DefinedBenefitPlanRealEstateMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |