DEBT	6 Months Ended
Jul. 03, 2016
Debt Disclosure [Abstract]
DEBT	DEBT Working Capital Facilities As of July 3, 2016, we had aggregate credit facilities totaling approximately $1.5 billion, including an inventory-based revolving credit facility totaling $1.025 billion (the Inventory Revolver), an accounts receivable securitization facility totaling $275.0 million (the Securitization Facility) and international credit facilities totaling $164.5 million. As of July 3, 2016, our unused capacity under these credit facilities was $1.3 billion. As part of the Securitization Facility agreement, all accounts receivable of our major Fresh Pork and Packaged Meats subsidiaries are sold to a wholly owned "bankruptcy remote" special purpose vehicle (SPV). The SPV pledges the receivables as security for loans and letters of credit. The SPV is included in our consolidated financial statements and therefore, the accounts receivable owned by it are included in our consolidated balance sheets. However, the accounts receivable owned by the SPV are separate and distinct from our other assets and are not available to our other creditors should we become insolvent. As of July 3, 2016, the SPV held $533.2 million of accounts receivable.

DEBT

6 Months Ended

Jul. 03, 2016

Working Capital Facilities

As of July 3, 2016, we had aggregate credit facilities totaling approximately $1.5 billion, including an inventory-based revolving credit facility totaling $1.025 billion (the Inventory Revolver), an accounts receivable securitization facility totaling $275.0 million (the Securitization Facility) and international credit facilities totaling $164.5 million. As of July 3, 2016, our unused capacity under these credit facilities was $1.3 billion.

As part of the Securitization Facility agreement, all accounts receivable of our major Fresh Pork and Packaged Meats subsidiaries are sold to a wholly owned "bankruptcy remote" special purpose vehicle (SPV). The SPV pledges the receivables as security for loans and letters of credit. The SPV is included in our consolidated financial statements and therefore, the accounts receivable owned by it are included in our consolidated balance sheets. However, the accounts receivable owned by the SPV are separate and distinct from our other assets and are not available to our other creditors should we become insolvent. As of July 3, 2016, the SPV held $533.2 million of accounts receivable.