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DERIVATIVE FINANCIAL INSTRUMENTS Pretax Impact of Cash Flow Hedges on the Consolidated Condensed Statements of Income (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jul. 03, 2016
Jun. 28, 2015
Jul. 03, 2016
Jun. 28, 2015
Derivative Instruments, Gain (Loss) [Line Items]        
Interest cost $ 20.3 $ 19.0 $ 40.7 $ 38.0
Expected return on plan assets 24.6 22.1 49.3 44.2
Cash Flow Hedging        
Derivative Instruments, Gain (Loss) [Line Items]        
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net 20.2 10.3 33.0 109.8
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net (0.1) 65.2 (7.5) 123.8
Derivative Instruments, Gain (Loss) Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing, Net 2.3 0.1 2.6 (1.8)
Grain Contracts [Member] | Cost of Sales | Cash Flow Hedging        
Derivative Instruments, Gain (Loss) [Line Items]        
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net 46.9 (2.8) 44.6 (33.8)
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net (7.1) (20.8) (18.8) (44.6)
Derivative Instruments, Gain (Loss) Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing, Net 3.0 (0.4) 2.7 (3.8)
Lean Hog Contracts | Sales | Cash Flow Hedging        
Derivative Instruments, Gain (Loss) [Line Items]        
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net (26.9) 13.3 (13.3) 145.6
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net 6.5 87.0 11.2 170.0
Derivative Instruments, Gain (Loss) Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing, Net (0.7) 0.5 (0.1) 2.0
Interest Rate Contract [Member] | Interest Expense [Member] | Cash Flow Hedging        
Derivative Instruments, Gain (Loss) [Line Items]        
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net 0.1 0.4 0.1 0.3
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net 0.0 0.0 0.0 0.0
Derivative Instruments, Gain (Loss) Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing, Net 0.0 0.0 0.0 0.0
Foreign Exchange Contract | Operating Expense | Cash Flow Hedging        
Derivative Instruments, Gain (Loss) [Line Items]        
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net 0.1 (0.6) 1.6 (2.3)
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net 0.5 (1.0) 0.1 (1.6)
Derivative Instruments, Gain (Loss) Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing, Net 0.0 0.0 0.0 0.0
Not Designated as Hedging Instrument [Member]        
Derivative Instruments, Gain (Loss) [Line Items]        
Derivative, Gain (Loss) on Derivative, Net 10.1 17.8 12.2 (11.7)
Not Designated as Hedging Instrument [Member] | Commodity Contract | Sales        
Derivative Instruments, Gain (Loss) [Line Items]        
Derivative, Gain (Loss) on Derivative, Net 8.7 17.2 11.9 (11.1)
Not Designated as Hedging Instrument [Member] | Foreign Exchange Contract | Operating Expense        
Derivative Instruments, Gain (Loss) [Line Items]        
Derivative, Gain (Loss) on Derivative, Net $ 1.4 $ 0.6 $ 0.3 $ (0.6)