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REPORTING SEGMENTS Reporting Segments (Tables) | 12 Months Ended
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Jan. 03, 2016
Segment Reporting Information [Line Items] |
Schedule of Goodwill [Table Text Block] | The following table shows the change in the carrying amount of goodwill by reportable segment for the periods noted:
|  | Fresh Pork |  | Packaged Meats |  | International |  | Hog Production |  | Total
|  | (in millions)
Balance, December 29, 2013 |  | $ | 25.1 |  |  | $ | 1,518.9 |  |  | $ | 74.5 |  |  | $ | 4.0 |  |  | $ | 1,622.5 |
Purchase accounting adjustments (1) |  | 2.3 |  |  | (0.6 | ) |  | 7.4 |  |  | (0.1 | ) |  | 9.0 |
Other goodwill adjustments (2) |  | 4.8 |  |  | — |  |  | (10.1 | ) |  | — |  |  | (5.3 | )
Balance, December 28, 2014 |  | 32.2 |  |  | 1,518.3 |  |  | 71.8 |  |  | 3.9 |  |  | 1,626.2 |
Other goodwill adjustments (2) |  | — |  |  | — |  |  | (6.7 | ) |  | — |  |  | (6.7 | )
Balance, January 3, 2016 |  | $ | 32.2 |  |  | $ | 1,518.3 |  |  | $ | 65.1 |  |  | $ | 3.9 |  |  | $ | 1,619.5 |
——————————————
(1) | Purchase accounting adjustments relate to adjustments recognized in connection with the purchase price allocation due to the Merger. We consider these adjustments immaterial to the Successor opening balance sheet and as such, did not retrospectively apply the adjustments to the Successor opening balance sheet.
(2) | Other goodwill adjustments primarily include the effects of foreign currency translation and an immaterial business acquisition during the second quarter of 2014.
Schedule of Segment Reporting Information, by Segment [Table Text Block] | The following tables present information about the results of operations and the assets of our reportable segments. The information contains certain allocations of expenses that we deem reasonable and appropriate for the evaluation of results of operations. We do not allocate income taxes to segments. Segment assets exclude intersegment account balances as we believe their inclusion would be misleading or not meaningful. We believe all intersegment sales are at prices that approximate market.
|  | Successor
|  | Twelve Months Ended
|  | January 3, 2016 |  | December 28, 2014
|  | (in millions)
Segment Profit Information |  |  |  |
Sales: |  |  |  |
Segment sales— |  |  |  |
Fresh Pork (1) |  | $ | 5,089.9 |  |  | $ | 5,780.0 |
Packaged Meats |  | 7,089.1 |  |  | 7,173.0 |
Hog Production |  | 3,069.7 |  |  | 3,384.6 |
International |  | 1,422.8 |  |  | 1,654.0 |
Total segment sales |  | 16,671.5 |  |  | 17,991.6 |
Intersegment sales— |  |  |  |  |  |
Fresh Pork (1) |  | (59.4 | ) |  | (56.4 | )
Packaged Meats |  | (0.1 | ) |  | (0.2 | )
Hog Production |  | (2,129.4 | ) |  | (2,862.8 | )
International |  | (44.2 | ) |  | (40.9 | )
Total intersegment sales |  | (2,233.1 | ) |  | (2,960.3 | )
Consolidated sales |  | $ | 14,438.4 |  |  | $ | 15,031.3 |
Depreciation and amortization: |  |  |  |  |  |
Fresh Pork |  | 62.9 |  |  | 59.8 |
Packaged Meats |  | 91.0 |  |  | 89.9 |
Hog Production |  | 47.9 |  |  | 47.3 |
International |  | 30.3 |  |  | 31.6 |
Corporate |  | 2.0 |  |  | 2.2 |
Consolidated depreciation and amortization |  | $ | 234.1 |  |  | $ | 230.8 |
Interest (income) expense: |  |  |  |  |  |
Fresh Pork |  | — |  |  | 0.3 |
Packaged Meats |  | (1.3 | ) |  | (1.2 | )
Hog Production |  | 203.9 |  |  | 195.9 |
International |  | 8.7 |  |  | 12.7 |
Corporate |  | (77.5 | ) |  | (48.3 | )
Consolidated interest expense |  | $ | 133.8 |  |  | $ | 159.4 |
(Income) loss from equity method investments |  |  |  |  |  |
Fresh Pork |  | (0.8 | ) |  | (1.2 | )
Packaged Meats |  | (1.6 | ) |  | (1.1 | )
Hog Production |  | 0.3 |  |  | (1.0 | )
International |  | (9.6 | ) |  | (54.9 | )
Consolidated (income) loss from equity method investments |  | $ | (11.7 | ) |  | $ | (58.2 | )
Operating profit (loss): |  |  |  |  |  |
Fresh Pork |  | 177.3 |  |  | 96.7 |
Packaged Meats |  | 673.3 |  |  | 459.8 |
Hog Production |  | 19.7 |  |  | 344.2 |
International |  | 66.1 |  |  | 155.8 |
Corporate |  | (142.6 | ) |  | (124.9 | )
Consolidated operating profit |  | $ | 793.8 |  |  | $ | 931.6 |
——————————————
(1) | We do not reflect transfers of Fresh Pork to Packaged Meats as sales. In WH Group's segment reporting the Fresh Pork segment includes transfers of fresh pork to the Packaged Meats segment as sales. As such, Fresh Pork segment information reported by WH Group includes an additional $1.9 billion, $2.4 billion and $0.6 billion of sales for 2015, 2014 and the three months ended December 29, 2013, respectively.
|  | Successor |  | Predecessor
|  |  |  |  |  | Twelve Months Ended
|  | September 27 - December 29, 2013 |  | April 29 - September 26, 2013 |  | April 28, 2013
|  | (in millions)
Segment Profit Information |  |  |  |  |  |
Sales: |  |  |  |  |  |
Segment sales— |  |  |  |  |  |
Fresh Pork |  | $ | 1,347.3 |  |  | $ | 2,240.3 |  |  | $ | 4,924.1 |
Packaged Meats |  | 1,968.9 |  |  | 2,541.7 |  |  | 6,152.0 |
Hog Production |  | 889.2 |  |  | 1,439.1 |  |  | 3,135.1 |
International |  | 428.2 |  |  | 643.6 |  |  | 1,468.5 |
Total segment sales |  | 4,633.6 |  |  | 6,864.7 |  |  | 15,679.7 |
Intersegment sales— |  |  |  |  |  |
Fresh Pork |  | (12.0 | ) |  | (19.0 | ) |  | (39.8 | )
Packaged Meats |  | (0.2 | ) |  | — |  |  | (1.6 | )
Hog Production |  | (716.8 | ) |  | (1,150.3 | ) |  | (2,380.1 | )
International |  | (10.4 | ) |  | (15.9 | ) |  | (37.1 | )
Total intersegment sales |  | (739.4 | ) |  | (1,166.2 | ) |  | (2,418.8 | )
Consolidated sales |  | $ | 3,894.2 |  |  | $ | 5,679.5 |  |  | $ | 13,221.1 |
Depreciation and amortization: |  |  |  |  |  |  |  |  |
Fresh Pork |  | 14.3 |  |  | 22.2 |  |  | 50.2 |
Packaged Meats |  | 22.0 |  |  | 38.1 |  |  | 85.9 |
Hog Production |  | 10.8 |  |  | 28.1 |  |  | 63.8 |
International |  | 7.7 |  |  | 16.8 |  |  | 35.8 |
Corporate |  | 0.6 |  |  | 1.3 |  |  | 4.2 |
Consolidated depreciation and amortization |  | $ | 55.4 |  |  | $ | 106.5 |  |  | $ | 239.9 |
Interest expense (income): |  |  |  |  |  |  |  |  |
Fresh Pork |  | — |  |  | (0.2 | ) |  | (2.5 | )
Packaged Meats |  | (0.3 | ) |  | (0.5 | ) |  | (3.0 | )
Hog Production |  | 53.3 |  |  | 83.8 |  |  | 167.0 |
International |  | 6.0 |  |  | 11.1 |  |  | 28.2 |
Corporate |  | — |  |  | (29.6 | ) |  | (21.0 | )
Consolidated interest expense |  | $ | 59.0 |  |  | $ | 64.6 |  |  | $ | 168.7 |
(Income) loss from equity method investments |  |  |  |  |  |  |  |  |
Fresh Pork |  | (0.1 | ) |  | (0.4 | ) |  | (0.9 | )
Packaged Meats |  | 0.3 |  |  | (1.1 | ) |  | (0.6 | )
Hog Production |  | (0.1 | ) |  | (0.1 | ) |  | 0.1 |
International |  | 2.5 |  |  | 2.1 |  |  | (13.6 | )
Consolidated (income) loss from equity method investments |  | $ | 2.6 |  |  | $ | 0.5 |  |  | $ | (15.0 | )
Operating profit (loss): |  |  |  |  |  |  |  |  |
Fresh Pork |  | 96.0 |  |  | (50.7 | ) |  | 161.6 |
Packaged Meats |  | 81.7 |  |  | 149.2 |  |  | 470.0 |
Hog Production |  | (40.6 | ) |  | 81.4 |  |  | (119.1 | )
International |  | 25.4 |  |  | 15.9 |  |  | 108.2 |
Corporate |  | (51.3 | ) |  | (66.6 | ) |  | (101.4 | )
Consolidated operating profit |  | $ | 111.2 |  |  | $ | 129.2 |  |  | $ | 519.3 |
Segment Asset Information |  |  |  |  |
|  | January 3, 2016 |  | December 28, 2014 |
|  | (in millions)
Total assets: |  |  |  |  |
Fresh Pork and Packaged Meats (1) |  | $ | 3,812.5 |  |  | $ | 3,807.5 |  |
Hog Production |  | 2,138.8 |  |  | 2,142.9 |  |
International |  | 1,135.5 |  |  | 1,536.2 |  |
Corporate (2) |  | 2,807.2 |  |  | 2,644.9 |  |
Consolidated total assets |  | $ | 9,894.0 |  |  | $ | 10,131.5 |  |
Investments: |  |  |  |  |  |
Fresh Pork and Packaged Meats (1) |  | 22.2 |  |  | 21.1 |  |
Hog Production |  | 3.5 |  |  | 3.9 |  |
International |  | 116.6 |  |  | 472.8 |  |
Corporate |  | 0.2 |  |  | 0.2 |  |
Consolidated investments |  | $ | 142.5 |  |  | $ | 498.0 |  |
——————————————
(1) | Given the nature of the Fresh Pork and Packaged Meats operations, many of their assets are shared and not allocated. Accordingly, we have disclosed the assets on a combined basis, consistent with how they are reported to the CODM.
(2) | $1.2 billion of trademarks related to our domestic brands are owned by certain holding companies included within Corporate. Additionally, $626.7 million and $660.5 million of accounts receivable were held by the SPV and included within Corporate as of January 3, 2016 and December 28, 2014, respectively (see Note 7—Debt for further information).
|  | Successor |  | Predecessor
|  | Twelve Months Ended |  |  |  |  |  | Twelve Months Ended
|  | January 3, 2016 |  | December 28, 2014 |  | September 27 - December 29, 2013 |  | April 29 - September 26, 2013 |  | April 28, 2013
|  | (in millions)
Capital expenditures: |  |  |  |  |  |  |  |  |  |
Fresh Pork and Packaged Meats (1) |  | $ | 202.3 |  |  | $ | 120.9 |  |  | $ | 27.1 |  |  | $ | 80.0 |  |  | $ | 156.9 |
Hog Production |  | 102.5 |  |  | 132.4 |  |  | 37.4 |  |  | 51.6 |  |  | 90.0 |
International |  | 62.3 |  |  | 48.1 |  |  | 5.3 |  |  | 7.6 |  |  | 24.8 |
Corporate |  | 8.1 |  |  | — |  |  | 0.1 |  |  | 0.6 |  |  | 6.3 |
Consolidated capital expenditures |  | $ | 375.2 |  |  | $ | 301.4 |  |  | $ | 69.9 |  |  | $ | 139.8 |  |  | $ | 278.0 |
——————————————
(1) | Given the nature of the Fresh Pork and Packaged Meats operations, many of their assets are shared and not allocated. Accordingly, we have disclosed the capital expenditures on a combined basis, consistent with how they are reported to the CODM.
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block] | The following table presents our consolidated sales attributed to operations by geographic area for the periods noted:
|  | Successor |  | Predecessor
|  | Twelve Months Ended |  |  |  |  |  | Twelve Months Ended
|  | January 3, 2016 |  | December 28, 2014 |  | September 27 - December 29, 2013 |  | April 29 - September 26, 2013 |  | April 28, 2013
|  | (in millions)
Sales: |  |  |  |  |  |  |  |  |  |
U.S. |  | $ | 13,059.8 |  |  | $ | 13,418.2 |  |  | $ | 3,476.4 |  |  | $ | 5,051.8 |  |  | $ | 11,789.7 |
International |  | 1,378.6 |  |  | 1,613.1 |  |  | 417.8 |  |  | 627.7 |  |  | 1,431.4 |
Total sales |  | $ | 14,438.4 |  |  | $ | 15,031.3 |  |  | $ | 3,894.2 |  |  | $ | 5,679.5 |  |  | $ | 13,221.1 |
The following table presents our long-lived assets attributed to operations by geographic area as of January 3, 2016 and December 28, 2014:
|  | January 3, 2016 |  | December 28, 2014
| (in millions)
Long-lived assets: |  |  |  |  |
U.S. |  | $ | 5,169.4 |  |  | $ | 5,386.8 |
International |  | 983.6 |  |  | 996.1 |
Total long-lived assets |  | $ | 6,153.0 |  |  | $ | 6,382.9 |
Hog Production Segment |
Segment Reporting Information [Line Items] |
REPORTING SEGMENTS |
|  | Successor |  | Predecessor
|  | Twelve Months Ended |  |  |  |  |  | Twelve Months Ended
|  | January 3, 2016 |  | December 28, 2014 |  | September 27 - December 29, 2013 |  | April 29 - September 26, 2013 |  | April 28, 2013
Internal hog sales |  | 76 | % |  | 79 | % |  | 81 | % |  | 80 | % |  | 77 | %
External hog sales |  | 12 |  |  | 14 |  |  | 12 |  |  | 13 |  |  | 15 |
Other products (1) |  | 12 |  |  | 7 |  |  | 7 |  |  | 7 |  |  | 8 |
|  | 100 | % |  | 100 | % |  | 100 | % |  | 100 | % |  | 100 | %
——————————————
(1) | Consists primarily of grains.
International Segment |
Segment Reporting Information [Line Items] |
REPORTING SEGMENTS | The following table shows the percentages of International segment revenues derived from packaged meats, fresh meats and hog production for the periods indicated:
|  | Successor |  | Predecessor
|  | Twelve Months Ended |  |  |  |  |  | Twelve Months Ended
|  | January 3, 2016 |  | December 28, 2014 |  | September 27 - December 29, 2013 |  | April 29 - September 26, 2013 |  | April 28, 2013
Packaged meats |  | 43 | % |  | 41 | % |  | 42 | % |  | 46 | % |  | 49 | %
Fresh meats (1) |  | 54 |  |  | 55 |  |  | 57 |  |  | 53 |  |  | 50 |
Hog production (2) |  | 3 |  |  | 4 |  |  | 1 |  |  | 1 |  |  | 1 |
|  | 100 | % |  | 100 | % |  | 100 | % |  | 100 | % |  | 100 | %
——————————————
(1) | Includes feathers, by-products and rendering.

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