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DERIVATIVE FINANCIAL INSTRUMENTS Pretax Impact of Cash Flow Hedges on the Consolidated Condensed Statements of Income (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended
--- | --- | ---
Oct. 02, 2016 | Sep. 27, 2015 | Oct. 02, 2016 | Sep. 27, 2015
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Interest cost | $ 20.3 | $ 20.0 | $ 61.0 | $ 58.0
Expected return on plan assets | 24.7 | 25.5 | 74.0 | 69.7
Cash Flow Hedging |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net | 153.9 | (6.9) | 186.9 | 102.9
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net | 53.6 | 38.8 | 46.1 | 162.6
Derivative Instruments, Gain (Loss) Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing, Net | 15.1 | (0.2) | 17.7 | (2.0)
Grain Contracts [Member] | Cost of Sales | Cash Flow Hedging |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net | (46.8) | (6.4) | (2.2) | (40.2)
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net | 3.2 | (15.7) | (15.6) | (60.3)
Derivative Instruments, Gain (Loss) Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing, Net | (2.6) | (0.3) | 0.1 | (4.1)
Lean Hog Contracts | Sales | Cash Flow Hedging |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net | 200.0 | 0.2 | 186.7 | 145.8
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net | 50.0 | 55.3 | 61.2 | 225.3
Derivative Instruments, Gain (Loss) Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing, Net | 17.7 | 0.1 | 17.6 | 2.1
Interest Rate Contract [Member] | Interest Expense [Member] | Cash Flow Hedging |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net | (0.1) | (0.2) | 0.0 | 0.1
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net | (0.1) | 0.0 | (0.1) | 0.0
Derivative Instruments, Gain (Loss) Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing, Net | 0.0 | 0.0 | 0.0 | 0.0
Foreign Exchange Contract | Operating Expense | Cash Flow Hedging |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net | 0.8 | (0.5) | 2.4 | (2.8)
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net | 0.5 | (0.8) | 0.6 | (2.4)
Derivative Instruments, Gain (Loss) Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing, Net | 0.0 | 0.0 | 0.0 | 0.0
Not Designated as Hedging Instrument [Member] |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Derivative, Gain (Loss) on Derivative, Net | (4.0) | 10.4 | 8.2 | (1.3)
Not Designated as Hedging Instrument [Member] | Commodity Contract | Sales |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Derivative, Gain (Loss) on Derivative, Net | (4.8) | 10.4 | 7.1 | (0.7)
Not Designated as Hedging Instrument [Member] | Foreign Exchange Contract | Operating Expense |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Derivative, Gain (Loss) on Derivative, Net | $ 0.8 | $ 0.0 | $ 1.1 | $ (0.6)

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- Definition An amount calculated as a basis for determining the extent of delayed recognition of the effects of changes in the fair value of assets. The expected return on plan assets is determined based on the expected long-term rate of return on plan assets and the market-related value of plan assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Expected Return on Plan Assets -URI http://asc.fasb.org/extlink&oid=6512171 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (h)(3) -URI http://asc.fasb.org/extlink&oid=65897934&loc=d3e1928-114920 + Details
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- Definition The increase in a defined benefit pension plan's projected benefit obligation or a defined benefit postretirement plan's accumulated postretirement benefit obligation due to the passage of time. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (h)(2) -URI http://asc.fasb.org/extlink&oid=65897934&loc=d3e1928-114920 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (a)(2) -URI http://asc.fasb.org/extlink&oid=65897934&loc=d3e1928-114920 + Details
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- Definition The portion of gains and losses (net) on derivative instruments designated and qualifying as hedging instruments representing (a) the amount of the hedge ineffectiveness and (b) the amount, if any, excluded from the assessment of hedge effectiveness. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5624171-113959 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 25 -Section 50 -Paragraph 1 -Subparagraph (a)(1),(2) -URI http://asc.fasb.org/extlink&oid=6886632&loc=d3e76258-113986 + Details
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