XML 91 R74.htm IDEA: XBRL DOCUMENT v3.8.0.1
LONG-TERM DEBT AND OTHER BORROWING ARRANGEMENTS (Narrative) (Details)
1 Months Ended 12 Months Ended
Dec. 31, 2017
USD ($)
Sep. 29, 2017
USD ($)
Sep. 27, 2016
MXN
Jan. 29, 2016
GBP (£)
Apr. 22, 2015
USD ($)
Mar. 12, 2015
USD ($)
Feb. 11, 2015
USD ($)
Jun. 30, 2009
EUR (€)
Sep. 30, 2016
EUR (€)
Dec. 31, 2017
USD ($)
Nov. 02, 2017
GBP (£)
Sep. 24, 2017
USD ($)
Sep. 24, 2017
EUR (€)
Sep. 08, 2017
GBP (£)
May 08, 2017
Dec. 25, 2016
USD ($)
Apr. 17, 2015
GBP (£)
Mar. 19, 2015
USD ($)
Mar. 19, 2015
GBP (£)
Mar. 11, 2015
USD ($)
May 29, 2014
GBP (£)
Debt Instrument [Line Items]                                          
Debt outstanding $ 2,709,350,000                 $ 2,709,350,000           $ 1,429,981,000          
US Credit Facility | Credit facility | Radobank                                          
Debt Instrument [Line Items]                                          
Quarterly principal payment, percent of original principal amount                             1.25%            
Current borrowing capacity 631,900,000                 631,900,000                      
Letters of credit issued $ 44,800,000                 $ 44,800,000                      
Revolving note payable at 2.84% | Credit facility                                          
Debt Instrument [Line Items]                                          
Stated interest rate 2.84%                 2.84%                      
Debt outstanding $ 73,262,000                 $ 73,262,000           0          
Revolving note payable at 2.84% | Credit facility | Radobank                                          
Debt Instrument [Line Items]                                          
Outstanding borrowings 73,300,000                 73,300,000                      
Mexico Credit Facility (defined below) with notes payable at TIIE rate plus 0.90% | Credit facility                                          
Debt Instrument [Line Items]                                          
Debt outstanding 76,307,000                 $ 76,307,000           23,304,000          
Mexico Credit Facility (defined below) with notes payable at TIIE rate plus 0.90% | Credit facility | TIIE Rate                                          
Debt Instrument [Line Items]                                          
Basis spread on variable interest rate                   0.90%                      
Moy Park Multicurrency Revolving Facility with notes payable at LIBOR rate plus 2.5% | Credit facility                                          
Debt Instrument [Line Items]                                          
Maximum borrowing capacity 27,000,000.0                 $ 27,000,000.0                 £ 20,000,000.0    
Debt outstanding $ 9,590,000                 $ 9,590,000           11,985,000          
Current borrowing capacity                                   $ 17,400,000      
Moy Park Multicurrency Revolving Facility with notes payable at LIBOR rate plus 2.5% | Credit facility | London Interbank Offered Rate (LIBOR)                                          
Debt Instrument [Line Items]                                          
Basis spread on variable interest rate 2.17%                 2.50%                      
Moy Park Receivables Finance Agreement with payables at LIBOR plus 1.5% | Credit facility                                          
Debt Instrument [Line Items]                                          
Debt outstanding $ 0                 $ 0           0          
Moy Park Receivables Finance Agreement with payables at LIBOR plus 1.5% | Credit facility | London Interbank Offered Rate (LIBOR)                                          
Debt Instrument [Line Items]                                          
Basis spread on variable interest rate                   1.50%                      
Moy Park France Invoice Discounting Revolver with payables at EURIBOR plus 0.8% | Credit facility                                          
Debt Instrument [Line Items]                                          
Maximum borrowing capacity 36,000,000.0                 $ 36,000,000.0                      
Debt outstanding 1,815,000                 1,815,000           8,918,000          
Current borrowing capacity $ 34,200,000                 $ 34,200,000                      
Moy Park France Invoice Discounting Revolver with payables at EURIBOR plus 0.8% | Credit facility | EURIBOR Rate                                          
Debt Instrument [Line Items]                                          
Basis spread on variable interest rate                   0.80%                      
Moy Park France Invoice Discounting Revolver with payables at EURIBOR plus 0.8% | Receivables finance agreement                                          
Debt Instrument [Line Items]                                          
Maximum borrowing capacity | €               € 20,000,000.0         € 30,000,000.0                
Increase of line of credit | €                 € 10,000,000                        
Moy Park France Invoice Discounting Revolver with payables at EURIBOR plus 0.8% | Receivables finance agreement | EURIBOR Rate                                          
Debt Instrument [Line Items]                                          
Basis spread on variable interest rate               0.80%                          
Senior notes | Senior notes payable, net of unaccreted premium at 5.75%                                          
Debt Instrument [Line Items]                                          
Principal amount   $ 250,000,000.0                                   $ 500,000,000.0  
Stated interest rate 5.75%                 5.75%                   5.75%  
Add-on issuance percentage of face value   102.00%                                      
Gross amount   $ 255,000,000                                      
Debt premium   5,000,000                                      
Debt outstanding $ 754,820,000                 $ 754,820,000           500,000,000          
Senior notes | Senior notes payable at 5.875%                                          
Debt Instrument [Line Items]                                          
Principal amount   $ 600,000,000.0                                      
Stated interest rate 5.875% 5.875%               5.875%                      
Debt outstanding $ 600,000,000                 $ 600,000,000           0          
Senior notes | Senior notes payable at 6.25%                                          
Debt Instrument [Line Items]                                          
Principal amount | £                                 £ 100,000,000       £ 200,000,000
Stated interest rate 6.25%                 6.25%                     6.25%
Tendered amount | £                     £ 1,185,000                    
Debt outstanding $ 403,444,000                 $ 403,444,000           $ 369,736,000          
Credit facility | US Credit Facility | Revolving loan | Radobank                                          
Debt Instrument [Line Items]                                          
Repayment of debt         $ 150,000,000 $ 350,000,000                              
Maximum borrowing capacity             $ 750,000,000.0                            
Feature to increase revolving loan commitment             1,000,000,000.0                            
Credit facility, capital expenditures limit             $ 500,000,000.0                            
Credit facility | US Credit Facility | Revolving loan | Radobank | US and Puerto Rico Subsidiaries                                          
Debt Instrument [Line Items]                                          
Percentage of equity interests securing obligations             100.00%                            
Credit facility | US Credit Facility | Revolving loan | Radobank | Foreign Subsidiaries                                          
Debt Instrument [Line Items]                                          
Percentage of equity interests securing obligations             65.00%                            
Credit facility | US Credit Facility | Revolving loan | Radobank | London Interbank Offered Rate (LIBOR)                                          
Debt Instrument [Line Items]                                          
Basis spread on variable interest rate             1.50%                            
Credit facility | US Credit Facility | Revolving loan | Radobank | London Interbank Offered Rate (LIBOR) | Minimum                                          
Debt Instrument [Line Items]                                          
Basis spread on variable interest rate             1.25%                            
Credit facility | US Credit Facility | Revolving loan | Radobank | London Interbank Offered Rate (LIBOR) | Maximum                                          
Debt Instrument [Line Items]                                          
Basis spread on variable interest rate             2.75%                            
Credit facility | US Credit Facility | Revolving loan | Radobank | Alternate base rate                                          
Debt Instrument [Line Items]                                          
Basis spread on variable interest rate             0.50%                            
Credit facility | US Credit Facility | Revolving loan | Radobank | Alternate base rate | Minimum                                          
Debt Instrument [Line Items]                                          
Basis spread on variable interest rate             0.25%                            
Credit facility | US Credit Facility | Revolving loan | Radobank | Alternate base rate | Maximum                                          
Debt Instrument [Line Items]                                          
Basis spread on variable interest rate             1.75%                            
Credit facility | US Credit Facility | Term loan | Radobank                                          
Debt Instrument [Line Items]                                          
Maximum borrowing capacity             $ 800,000,000                            
Debt outstanding 780,000,000                 780,000,000                      
Credit facility | US Credit Facility | Swingline loans | Radobank                                          
Debt Instrument [Line Items]                                          
Maximum borrowing capacity             75,000,000.0                            
Credit facility | US Credit Facility | Letter of credit | Radobank                                          
Debt Instrument [Line Items]                                          
Maximum borrowing capacity             $ 125,000,000.0                            
Credit facility | Mexico Credit Facility (defined below) with notes payable at TIIE rate plus 0.90% | Revolving loan                                          
Debt Instrument [Line Items]                                          
Maximum borrowing capacity 76,300,000.0   MXN 1,500,000,000.0             76,300,000.0                      
Current borrowing capacity 100,000                 100,000                      
Outstanding borrowings $ 76,300,000                 $ 76,300,000                      
Credit facility, interest rate at end of period 8.34%                 8.34%                      
Credit facility | Mexico Credit Facility (defined below) with notes payable at TIIE rate plus 0.90% | Revolving loan | TIIE Rate                                          
Debt Instrument [Line Items]                                          
Basis spread on variable interest rate     0.95%                                    
Credit facility | Moy Park Receivables Finance Agreement with payables at LIBOR plus 1.5% | Credit facility                                          
Debt Instrument [Line Items]                                          
Maximum borrowing capacity $ 60,800,000.0     £ 45,000,000.0           $ 60,800,000.0                      
Debt outstanding                       $ 0                  
Option to increase borrowing capacity on line of credit $ 20,300,000     £ 15,000,000           $ 20,300,000                      
Credit facility | Moy Park Receivables Finance Agreement with payables at LIBOR plus 1.5% | Credit facility | London Interbank Offered Rate (LIBOR)                                          
Debt Instrument [Line Items]                                          
Basis spread on variable interest rate       1.50%                                  
Subordinated debt                                          
Debt Instrument [Line Items]                                          
Debt outstanding | £                           £ 562,500,000              
Subordinated debt | JBS S.A. Promissory Note at 0.0% | Debt Instrument, Redemption, Period One                                          
Debt Instrument [Line Items]                                          
Stated interest rate                           4.00%              
Subordinated debt | JBS S.A. Promissory Note at 0.0% | Debt Instrument, Redemption, Period Two                                          
Debt Instrument [Line Items]                                          
Stated interest rate                           6.00%              
Subordinated debt | JBS S.A. Promissory Note at 0.0% | Debt Instrument, Redemption, Period Three                                          
Debt Instrument [Line Items]                                          
Stated interest rate                           8.00%