XML 100 R86.htm IDEA: XBRL DOCUMENT v3.20.4
DEBT - Narrative (Details)
12 Months Ended
Dec. 14, 2018
USD ($)
Jul. 20, 2018
USD ($)
Jun. 02, 2018
GBP (£)
Mar. 07, 2018
USD ($)
Sep. 29, 2017
USD ($)
Dec. 27, 2020
USD ($)
Dec. 29, 2019
USD ($)
Dec. 14, 2018
MXN ($)
Mar. 11, 2015
USD ($)
Revolving note payable at 1.39% | Credit facility                  
Debt Instrument [Line Items]                  
Debt outstanding           $ 0 $ 0    
Revolving note payable at 1.39% | Credit facility | CoBank, ACB                  
Debt Instrument [Line Items]                  
Maximum borrowing capacity   $ 750,000,000.0              
Term note payable at 1.40% | Credit facility                  
Debt Instrument [Line Items]                  
Debt outstanding           450,000,000 475,000,000    
Term note payable at 1.40% | Credit facility | CoBank, ACB                  
Debt Instrument [Line Items]                  
Maximum borrowing capacity   500,000,000.0              
US Credit Facility | Credit facility | CoBank, ACB                  
Debt Instrument [Line Items]                  
Accordion feature   $ 1,250,000,000              
Quarterly principal payment, percent of original principal amount   1.25%              
Credit facility, capital expenditures limit   $ 500,000,000.0              
US Credit Facility | Credit facility | CoBank, ACB | US and Puerto Rico Subsidiaries                  
Debt Instrument [Line Items]                  
Percentage of equity interests securing obligations   100.00%              
US Credit Facility | Credit facility | CoBank, ACB | Foreign Subsidiaries                  
Debt Instrument [Line Items]                  
Percentage of equity interests securing obligations   65.00%              
Moy Park Bank of Ireland Revolving Facility with notes payable at LIBOR or EURIBOR plus 1.25% to 2.00% | Credit facility                  
Debt Instrument [Line Items]                  
Debt outstanding           0 0    
Moy Park Bank of Ireland Revolving Facility with notes payable at LIBOR or EURIBOR plus 1.25% to 2.00% | Credit facility | LIBOR Rate                  
Debt Instrument [Line Items]                  
Basis spread on variable interest rate     1.25%            
Moy Park Bank of Ireland Revolving Facility with notes payable at LIBOR or EURIBOR plus 1.25% to 2.00% | Credit facility | EURIBOR Rate                  
Debt Instrument [Line Items]                  
Basis spread on variable interest rate     2.00%            
Moy Park Bank of Ireland Revolving Facility with notes payable at LIBOR or EURIBOR plus 1.25% to 2.00% | Credit facility | Bank of Ireland                  
Debt Instrument [Line Items]                  
Maximum borrowing capacity | £     £ 100,000,000.0            
Outstanding borrowings           0      
Mexico Credit Facility (defined below) with notes payable at TIIE Rate plus 1.50% | Credit facility                  
Debt Instrument [Line Items]                  
Maximum borrowing capacity $ 75,500,000             $ 1,500,000,000  
Debt outstanding           0 0    
Outstanding borrowings           $ 0      
Mexico Credit Facility (defined below) with notes payable at TIIE Rate plus 1.50% | Credit facility | TIIE Rate                  
Debt Instrument [Line Items]                  
Basis spread on variable interest rate 1.50%                
Senior notes | Senior notes payable, net of premium and discount at 5.75%                  
Debt Instrument [Line Items]                  
Principal amount       $ 250,000,000.0 $ 250,000,000.0       $ 500,000,000.0
Stated interest rate           5.75%     5.75%
Add-on issuance percentage of face value       99.25% 102.00%        
Gross amount       $ 248,100,000 $ 255,000,000.0        
Debt premium         5,000,000.0        
Debt discount       1,900,000          
Debt outstanding           $ 1,001,693,000 1,002,095,000    
Senior notes | Senior notes payable, net of discount at 5.875%                  
Debt Instrument [Line Items]                  
Principal amount       $ 250,000,000.0 $ 600,000,000.0        
Stated interest rate         5.875% 5.875%      
Add-on issuance percentage of face value       97.25%          
Gross amount       $ 243,100,000          
Debt discount       $ 6,900,000          
Debt outstanding           $ 845,149,000 $ 844,433,000    
Credit facility | Revolving note payable at 1.39% | Credit facility                  
Debt Instrument [Line Items]                  
Stated interest rate           1.39%      
Credit facility | Term note payable at 1.40% | Credit facility                  
Debt Instrument [Line Items]                  
Stated interest rate           1.40%      
Debt outstanding           $ 450,000,000.0      
Credit facility | US Credit Facility | CoBank, ACB | LIBOR Rate | Minimum                  
Debt Instrument [Line Items]                  
Basis spread on variable interest rate   1.25%              
Credit facility | US Credit Facility | CoBank, ACB | LIBOR Rate | Maximum                  
Debt Instrument [Line Items]                  
Basis spread on variable interest rate   2.75%              
Credit facility | US Credit Facility | CoBank, ACB | Alternate base rate | Minimum                  
Debt Instrument [Line Items]                  
Basis spread on variable interest rate   0.25%              
Credit facility | US Credit Facility | CoBank, ACB | Alternate base rate | Maximum                  
Debt Instrument [Line Items]                  
Basis spread on variable interest rate   1.75%              
Credit facility | US Credit Facility | Credit facility                  
Debt Instrument [Line Items]                  
Letters of credit issued           39,700,000      
Current borrowing capacity           710,300,000      
Credit facility | US Credit Facility | Swingline loans | CoBank, ACB                  
Debt Instrument [Line Items]                  
Maximum borrowing capacity   $ 75,000,000.0              
Credit facility | US Credit Facility | Letter of credit | CoBank, ACB                  
Debt Instrument [Line Items]                  
Maximum borrowing capacity   $ 125,000,000.0              
Credit facility | Moy Park Bank of Ireland Revolving Facility with notes payable at LIBOR or EURIBOR plus 1.25% to 2.00% | Credit facility                  
Debt Instrument [Line Items]                  
Current borrowing capacity           $ 135,600,000      
Credit facility | Moy Park Bank of Ireland Revolving Facility with notes payable at LIBOR or EURIBOR plus 1.25% to 2.00% | Credit facility | LIBOR Rate                  
Debt Instrument [Line Items]                  
Basis spread on variable interest rate           1.25%      
Credit facility | Moy Park Bank of Ireland Revolving Facility with notes payable at LIBOR or EURIBOR plus 1.25% to 2.00% | Credit facility | EURIBOR Rate                  
Debt Instrument [Line Items]                  
Basis spread on variable interest rate           2.00%      
Credit facility | Mexico Credit Facility (defined below) with notes payable at TIIE Rate plus 1.50% | Credit facility | TIIE Rate                  
Debt Instrument [Line Items]                  
Basis spread on variable interest rate           1.50%