INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2016

Income Tax Disclosure [Abstract]

Schedule of Income (Loss) Before Income Taxes

The components of income (loss) before income taxes are as follows:

For the years ended December 31,	2016			2015			2014
Domestic	$	1,395,440		$	1,357,618		$	1,320,738
Foreign	(295,959		)	(455,771		)	(14,695		)
Income before income taxes	$	1,099,481		$	901,847		$	1,306,043

Schedule of Components of Income Tax Expense (Benefit)

The components of our provision for income taxes are as follows:

For the years ended December 31,	2016			2015			2014
Current:
Federal	$	391,705		$	409,060		$	385,642
State	51,706			47,978			52,331
Foreign	(25,877		)	(29,605		)	2,362
	417,534			427,433			440,335
Deferred:
Federal	(7,706		)	(31,153		)	20,649
State	(452		)	(2,346		)	2,725
Foreign	(29,939		)	(5,038		)	(4,578		)
	(38,097		)	(38,537		)	18,796
Total provision for income taxes	$	379,437		$	388,896		$	459,131

Schedule of Deferred Tax Asset and Liabilities

The significant temporary differences that comprised the deferred tax assets and liabilities are as follows:

December 31,	2016			2015
Deferred tax assets:
Post-retirement benefit obligations	$	90,584		$	95,763
Accrued expenses and other reserves	141,228			163,908
Stock-based compensation	48,500			46,665
Derivative instruments	44,010			8,858
Pension	14,662			28,940
Lease financing obligation	18,950			18,947
Accrued trade promotion reserves	50,463			36,501
Net operating loss carryforwards	143,085			99,155
Capital loss carryforwards	38,691			44,546
Other	14,452			14,444
Gross deferred tax assets	604,625			557,727
Valuation allowance	(235,485		)	(207,055		)
Total deferred tax assets	369,140			350,672
Deferred tax liabilities:
Property, plant and equipment, net	202,300			218,729
Acquired intangibles	113,074			120,420
Inventories	27,608			20,063
Other	8,884			8,258
Total deferred tax liabilities	351,866			367,470
Net deferred tax assets (liabilities)	$	17,274		$	(16,798	)
Included in:
Non-current deferred tax assets, net	56,861			36,390
Non-current deferred tax liabilities, net	(39,587		)	(53,188		)
Net deferred tax assets (liabilities)	$	17,274		$	(16,798	)

Schedule of Effective Income Tax Rate Reconciliation

The following table reconciles the federal statutory income tax rate with our effective income tax rate:

For the years ended December 31,	2016		2015		2014
Federal statutory income tax rate	35.0	%	35.0	%	35.0	%
Increase (reduction) resulting from:
State income taxes, net of Federal income tax benefits	3.4		4.2		3.0
Qualified production income deduction	(3.8	)	(4.4	)	(2.4	)
Business realignment and impairment charges and gain on sale of trademark licensing rights	0.4		10.8		0.7
Foreign rate differences	3.6		2.2		(0.1	)
Historic and solar tax credits	(3.3	)	(3.3	)	—
Other, net	(0.8	)	(1.4	)	(1.0	)
Effective income tax rate	34.5	%	43.1	%	35.2	%

Schedule of Unrecognized Tax Benefits Roll Forward

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:

December 31,	2016			2015
Balance at beginning of year	$	33,411		$	32,230
Additions for tax positions taken during prior years	2,804			1,122
Reductions for tax positions taken during prior years	(4,080		)	(2,112		)
Additions for tax positions taken during the current year	9,100			6,623
Settlements	—			(702		)
Expiration of statutes of limitations	(5,233		)	(3,750		)
Balance at end of year	$	36,002		$	33,411