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DERIVATIVE FINANCIAL INSTRUMENTS (Tables) | 6 Months Ended
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Oct. 27, 2013
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block] | The following table presents the fair values of our open derivative financial instruments in the consolidated condensed balance sheets on a gross basis.
|  | Assets |  | Liabilities
|  | Successor |  | Predecessor |  | Successor |  | Predecessor
|  | October 27, 2013 |  | April 28, 2013 |  | October 27, 2013 |  | April 28, 2013
|  | (in millions) |  | (in millions)
Derivatives using the "hedge accounting" method: |  |  |  |  |  |  |  |
Grain contracts |  | $ | 1.1 |  |  | $ | 2.5 |  |  | $ | 8.3 |  |  | $ | 73.0 |
Livestock contracts |  | — |  |  | 4.1 |  |  | 3.4 |  |  | 1.1 |
Foreign exchange contracts |  | 0.7 |  |  | 0.2 |  |  | 0.1 |  |  | 0.1 |
Total |  | 1.8 |  |  | 6.8 |  |  | 11.8 |  |  | 74.2 |
Derivatives using the "mark-to-market" method: |  |  |  |  |  |  |  |  |  |  |  |
Grain contracts |  | — |  |  | 6.2 |  |  | 0.1 |  |  | 13.7 |
Livestock contracts |  | 1.4 |  |  | 12.4 |  |  | 4.3 |  |  | 0.7 |
Energy contracts |  | 0.4 |  |  | 3.1 |  |  | 0.3 |  |  | 0.6 |
Foreign exchange contracts |  | 0.2 |  |  | 0.6 |  |  | 0.5 |  |  | 0.3 |
Total |  | 2.0 |  |  | 22.3 |  |  | 5.2 |  |  | 15.3 |
Total fair value of derivative instruments |  | $ | 3.8 |  |  | $ | 29.1 |  |  | $ | 17.0 |  |  | $ | 89.5 |
Cash Flow Hedging |
Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block] | During the six months ended October 27, 2013, the range of notional volumes associated with open derivative instruments designated in cash flow hedging relationships was as follows:
|  | Minimum |  | Maximum |  | Metric
Commodities: |  |  |  |  |  |
Corn |  | 48,440,000 |  |  | 86,625,000 |  |  | Bushels
Soybean meal |  | 321,414 |  |  | 581,656 |  |  | Tons
Lean hogs |  | 86,600,000 |  |  | 777,360,000 |  |  | Pounds
Foreign currency (1) |  | 22,189,407 |  |  | 48,005,327 |  |  | U.S. Dollars
——————————————
(1) | Amounts represent the U.S. dollar equivalent of various foreign currency contracts.
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block] | The following tables present the effects on our consolidated condensed financial statements of pre-tax gains and losses on derivative instruments designated in cash flow hedging relationships for the fiscal periods indicated:
|  | Gains (Losses) Recognized in Other Comprehensive Income (Loss) on Derivative (Effective Portion) |  | Gains (Losses) Reclassified from Accumulated Other Comprehensive Loss into Earnings (Effective Portion) |  | Gains (Losses) Recognized in Earnings on Derivative (Ineffective Portion)
|  | Successor |  | Predecessor |  | Successor |  | Predecessor |  | Successor |  | Predecessor
|  | September 27 - October 27, 2013 |  | July 29 - September 26, 2013 |  | Three Months Ended |  | September 27 - October 27, 2013 |  | July 29 - September 26, 2013 |  | Three Months Ended |  | September 27 - October 27, 2013 |  | July 29 - September 26, 2013 |  | Three Months Ended
|  |  |  | October 28, 2012 |  |  |  | October 28, 2012 |  |  |  | October 28, 2012
|  | (in millions) |  | (in millions) |  | (in millions)
Commodity contracts: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Grain contracts |  | $ | (6.8 | ) |  | $ | 7.5 |  |  | $ | (4.4 | ) |  | $ | (0.1 | ) |  | $ | (1.4 | ) |  | $ | 18.9 |  |  | $ | (1.6 | ) |  | $ | (0.5 | ) |  | $ | 0.7 |
Lean hog contracts |  | (0.8 | ) |  | (24.6 | ) |  | (1.4 | ) |  | 0.2 |  |  | (3.2 | ) |  | 25.6 |  |  | — |  |  | (0.8 | ) |  | 0.2 |
Foreign exchange contracts |  | 0.7 |  |  | 0.6 |  |  | 1.6 |  |  | — |  |  | (0.2 | ) |  | (0.4 | ) |  | — |  |  | — |  |  | — |
Total |  | $ | (6.9 | ) |  | $ | (16.5 | ) |  | $ | (4.2 | ) |  | $ | 0.1 |  |  | $ | (4.8 | ) |  | $ | 44.1 |  |  | $ | (1.6 | ) |  | $ | (1.3 | ) |  | $ | 0.9 |
|  | Successor |  | Predecessor |  | Successor |  | Predecessor |  | Successor |  | Predecessor
|  | September 27 - October 27, 2013 |  | April 29 - September 26, 2013 |  | Six Months Ended |  | September 27 - October 27, 2013 |  | April 29 - September 26, 2013 |  | Six Months Ended |  | September 27 - October 27, 2013 |  | April 29 - September 26, 2013 |  | Six Months Ended
|  |  |  | October 28, 2012 |  |  |  | October 28, 2012 |  |  |  | October 28, 2012
|  | (in millions) |  | (in millions) |  | (in millions)
Commodity contracts: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Grain contracts |  | $ | (6.8 | ) |  | $ | 3.1 |  |  | $ | 129.5 |  |  | $ | (0.1 | ) |  | $ | 23.6 |  |  | $ | 21.6 |  |  | $ | (1.6 | ) |  | $ | 1.3 |  |  | $ | 3.4 |
Lean hog contracts |  | (0.8 | ) |  | (29.3 | ) |  | (1.1 | ) |  | 0.2 |  |  | 5.9 |  |  | 57.8 |  |  | — |  |  | (0.8 | ) |  | 0.3 |
Foreign exchange contracts |  | 0.7 |  |  | (0.4 | ) |  | (0.2 | ) |  | — |  |  | (0.3 | ) |  | (0.6 | ) |  | — |  |  | — |  |  | — |
Total |  | $ | (6.9 | ) |  | $ | (26.6 | ) |  | $ | 128.2 |  |  | $ | 0.1 |  |  | $ | 29.2 |  |  | $ | 78.8 |  |  | $ | (1.6 | ) |  | $ | 0.5 |  |  | $ | 3.7 |
For the fiscal periods presented, foreign exchange contracts were determined to be highly effective. We have excluded from the assessment of effectiveness differences between spot and forward rates, which we have determined to be immaterial.
Fair Value Hedging |
Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block] | During the six months ended October 27, 2013, the range of notional volumes associated with open derivative instruments designated in fair value hedging relationships was as follows:
|  | Minimum |  | Maximum |  | Metric
Commodities: |  |  |  |  |  |
Corn |  | — |  |  | 4,130,000 |  |  | Bushels
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block] | The following tables present the effects on our consolidated condensed statements of income of gains and losses on derivative instruments designated in fair value hedging relationships and the related hedged items for the fiscal periods indicated:
|  | Gains (Losses) Recognized in Earnings on Derivative |  | Gains (Losses) Recognized in Earnings on Related Hedged Item
|  | Successor |  | Predecessor |  | Successor |  | Predecessor
|  | September 27 - October 27, 2013 |  | July 29 - September 26, 2013 |  | Three Months Ended |  | September 27 - October 27, 2013 |  | July 29 - September 26, 2013 |  | Three Months Ended
|  |  |  | October 28, 2012 |  |  |  | October 28, 2012
|  | (in millions) |  | (in millions)
Commodity contracts |  | $ | — |  |  | 0.1 |  |  | $ | 7.7 |  |  | $ | — |  |  | $ | (0.1 | ) |  | $ | (9.1 | )
|  | Successor |  | Predecessor |  | Successor |  | Predecessor
|  | September 27 - October 27, 2013 |  | April 29 - September 26, 2013 |  | Six Months Ended |  | September 27 - October 27, 2013 |  | April 29 - September 26, 2013 |  | Six Months Ended
|  |  |  | October 28, 2012 |  |  |  | October 28, 2012
|  | (in millions) |  | (in millions)
Commodity contracts |  | $ | — |  |  | $ | 0.5 |  |  | $ | (18.7 | ) |  | $ | — |  |  | $ | (0.5 | ) |  | $ | 11.2 |
In connection with the Merger, we closed all commodity derivative contracts on September 26, 2013. As a result, we did not recognize gain or losses during the Successor period September 27 - October 27, 2013 on closed commodity derivative contracts. We recognized gains of $2.0 million during the Predecessor period July 29 - September 26, 2013 and $1.1 million for the three months ended October 28, 2012 on closed commodity derivative contracts as the underlying cash transactions affected earnings. We recognized gains of $4.1 million during the Predecessor period April 29 - September 26, 2013, and $4.5 million for the six months ended October 28, 2012 on closed commodity derivative contracts as the underlying cash transactions affected earnings. For fair value hedges of inventory, we elect to exclude from the assessment of effectiveness differences between the spot and futures prices. These differences are recorded directly into earnings as they occur. These differences resulted in losses of $1.2 million for the three months ended October 28, 2012 and losses of $7.5 million for the six months ended October 28, 2012. There were no fair value hedges of inventory during the six months ended October 27, 2013, and therefore no differences between spot and futures prices were recognized during the Successor period ended October 27, 2013 nor during the Predecessor period April 29 - September 26, 2013.
Not Designated as Hedging Instrument |
Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block] | During the six months ended October 27, 2013, the range of notional volumes associated with open derivative instruments using the “mark-to-market” method was as follows:
|  | Minimum |  | Maximum |  | Metric
Commodities: |  |  |  |  |  |
Lean hogs |  | 3,280,000 |  |  | 82,400,000 |  |  | Pounds
Corn |  | 25,000 |  |  | 10,115,000 |  |  | Bushels
Soybean meal |  | — |  |  | 34,145 |  |  | Tons
Soybeans |  | — |  |  | 1,220,000 |  |  | Bushels
Wheat |  | — |  |  | 750,000 |  |  | Bushels
Natural gas |  | 8,470,000 |  |  | 10,870,000 |  |  | Million BTU
Diesel |  | 1,764,000 |  |  | 3,360,000 |  |  | Gallons
Foreign currency (1) |  | 22,987,556 |  |  | 60,968,251 |  |  | U.S. Dollars
——————————————
(1) | Amounts represent the U.S. dollar equivalent of various foreign currency contracts.
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block] | The following tables present the amount of gains and losses recognized in the consolidated condensed statements of income on derivative instruments using the “mark-to-market” method by type of derivative contract for the fiscal periods indicated:
|  | Successor |  | Predecessor
|  | September 27 - October 27, 2013 |  | July 29 - September 26, 2013 |  | Three Months Ended
|  |  |  | October 28, 2012
|  | (in millions)
Commodity contracts |  | $ | 1.7 |  |  | $ | 2.5 |  |  | $ | 17.1 |
Foreign exchange contracts |  | 0.4 |  |  | 0.1 |  |  | (0.4 | )
Total |  | $ | 2.1 |  |  | $ | 2.6 |  |  | $ | 16.7 |
|  | Successor |  | Predecessor
|  | September 27 - October 27, 2013 |  | April 29 - September 26, 2013 |  | Six Months Ended
|  |  |  | October 28, 2012
|  | (in millions)
Commodity contracts |  | $ | 1.7 |  |  | $ | 8.5 |  |  | $ | 8.9 |
Foreign exchange contracts |  | 0.4 |  |  | (0.2 | ) |  | 4.2 |
Total |  | $ | 2.1 |  |  | $ | 8.3 |  |  | $ | 13.1 |
The tables above reflect gains and losses from both open and closed contracts including, among other things, gains and losses related to contracts designed to hedge price movements that occur entirely within a quarter. The tables include amounts for both realized and unrealized gains and losses. The tables are not, therefore, simple representations of unrealized gains and losses recognized in the income statement during any period presented.

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- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5618551-113959 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624171-113959 + Details
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- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624163-113959 + Details
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- Definition Tabular disclosure of the notional amounts of outstanding derivative positions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5579245-113959 + Details
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