INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Schedule of Income (Loss) Before Income Taxes

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

For the years ended December 31,	2019		2018		2017
Domestic	$	1,211,051	$	1,195,645	$	1,187,825
Foreign	169,733		214,416		(77,157		)
Income before income taxes	$	1,380,784	$	1,410,061	$	1,110,668

Schedule of Components of Income Tax Expense (Benefit)

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

For the years ended December 31,	2019			2018			2017
Current:
Federal	$	179,358		$	151,107		$	314,277
State	38,232			38,243			37,628
Foreign	31,514			13,405			(16,356		)
	249,104			202,755			335,549
Deferred:
Federal	14,958			35,035			19,204
State	1,865			7,572			7,573
Foreign	(31,895		)	(6,352		)	(8,195		)
	(15,072		)	36,255			18,582
Total provision for income taxes	$	234,032		$	239,010		$	354,131

Schedule of Deferred Tax Asset and Liabilities

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

December 31,	2019			2018
Deferred tax assets:
Post-retirement benefit obligations	$	56,384		$	52,915
Accrued expenses and other reserves	88,590			85,180
Stock-based compensation	19,304			30,448
Derivative instruments	16,864			17,423
Pension	3,952			8,921
Lease liabilities	64,988			12,284
Accrued trade promotion reserves	21,709			13,670
Net operating loss carryforwards	160,584			161,242
Capital loss carryforwards	26,022			26,670
Other	9,685			9,969
Gross deferred tax assets	468,082			418,722
Valuation allowance	(206,743		)	(239,959		)
Total deferred tax assets	261,339			178,763
Deferred tax liabilities:
Property, plant and equipment, net	161,449			144,044
Acquired intangibles	144,314			161,003
Lease ROU assets	48,419			—
Inventories	29,158			21,366
Other	46,984			28,044
Total deferred tax liabilities	430,324			354,457
Net deferred tax (liabilities) assets	$	(168,985	)	$	(175,694	)
Included in:
Non-current deferred tax assets, net	31,033			1,166
Non-current deferred tax liabilities, net	(200,018		)	(176,860		)
Net deferred tax (liabilities) assets	$	(168,985	)	$	(175,694	)

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,	2019		2018		2017
Federal statutory income tax rate	21.0	%	21.0	%	35.0	%
Increase (reduction) resulting from:
State income taxes, net of Federal income tax benefits	1.8		2.7		2.6
Qualified production income deduction	—		—		(2.9	)
Business realignment and impairment charges	—		0.6		4.3
Foreign rate differences	(1.5	)	(2.0	)	(4.3	)
Historic and solar tax credits	(3.4	)	(3.5	)	(4.8	)
U.S. tax reform	—		(1.4	)	2.9
Tax contingencies	0.9		0.5		0.5
Stock compensation	(1.3	)	(0.3	)	(1.1	)
Valuation allowance release	(1.5	)	—		—
Other, net	0.9		(0.6	)	(0.3	)
Effective income tax rate	16.9	%	17.0	%	31.9	%

Schedule of Unrecognized Tax Benefits Roll Forward

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

December 31,	2019			2018
Balance at beginning of year	$	97,530		$	42,082
Additions for tax positions taken during prior years	9,327			1,174
Reductions for tax positions taken during prior years	(2,080		)	(2,581		)
Additions for tax positions taken during the current year	10,472			61,627
Settlements	(1,151		)	—
Expiration of statutes of limitations	(5,715		)	(4,772		)
Balance at end of year	$	108,383		$	97,530