SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jan. 03, 2016

Property, Plant and Equipment [Line Items]

Schedule of Components of Comparative Net Income [Table Text Block]

For comparative purposes, the Consolidated Statements of Income for the eight months ended December 29, 2013 and December 30, 2012 are presented as follows:

	Successor		Predecessor
					(unaudited)
					Eight Months Ended
	September 27 - December 29, 2013		April 29 - September 26, 2013		December 30, 2012
	(in millions)
Sales	$	3,894.2	$	5,679.5	$	8,898.7
Cost of sales	3,543.1		5,190.1		7,943.5
Gross profit	351.1		489.4		955.2
Selling, general and administrative expenses	213.4		341.7		540.5
Merger related costs	23.9		18.0		—
Loss (income) from equity method investments	2.6		0.5		(6.5		)
Operating profit	111.2		129.2		421.2
Interest expense	59.0		64.6		111.8
Loss on debt extinguishment	1.7		—		120.7
Income before income taxes	50.5		64.6		188.7
Income tax expense	15.8		12.7		58.7
Net income	$	34.7	$	51.9	$	130.0

Schedule of Inventory, Current [Table Text Block]

Inventories consist of the following:

	January 3, 2016		December 28, 2014
	(in millions)
Fresh and packaged meats	$	885.2	$	961.9
Livestock	882.3		928.1
Grains	204.5		191.6
Manufacturing supplies	80.3		79.8
Other	47.4		45.4
Total inventories	$	2,099.7	$	2,206.8

Property, Plant and Equipment [Table Text Block]

Property, plant and equipment, net, consists of the following:

	Useful Life	January 3, 2016			December 28, 2014
	(in Years)	(in millions)
Land and improvements	0-20	$	549.1		$	546.4
Buildings and improvements	20-40	924.8			866.1
Machinery and equipment	5-25	1,337.1			1,125.5
Breeding stock	2	191.1			193.0
Computer hardware and software	3-5	44.3			34.3
Other	3-10	72.8			67.2
Construction in progress		242.6			191.2
		3,361.8			3,023.7
Accumulated depreciation		(494.5		)	(270.3		)
Property, plant and equipment, net		$	2,867.3		$	2,753.4

Schedule of Finite-Lived and Indefinite-Lived Intangible Assets [Table Text Block]

Intangible assets consist of the following:

	Useful Life	January 3, 2016			December 28, 2014
	(in Years)	(in millions)
Amortized intangible assets:
Customer relations assets	14-16	$	54.0		$	54.4
Patents, rights and leasehold interests	5-25	3.0			3.0
Contractual relationships	17-22	40.0			40.0
Accumulated amortization		(14.7		)	(8.2		)
Amortized intangible assets, net		82.3			89.2
Non-amortized intangible assets:
Trademarks	Indefinite	1,283.4			1,291.7
Intangible assets, net		$	1,365.7		$	1,380.9