10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-Q 

(Mark One)
ý	Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the Quarterly Period Ended September 30, 2014

or

¨ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the Transition Period from              to             

Commission File Number 001-12755

Dean Foods Company

(Exact name of the registrant as specified in its charter)

Delaware	75-2559681
(State or other jurisdiction of incorporation or organization)	(I.R.S. employer identification no.)

2711 North Haskell Avenue, Suite 3400

Dallas, Texas 75204

(214) 303-3400

(Address, including zip code, and telephone number, including area code, of the registrant’s principal executive offices)

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  ý    No  ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes  ý    No  ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer)”, “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act (Check one):

Large accelerated filer	ý		Accelerated filer	¨
Non-accelerated filer	¨	(Do not check if a smaller reporting company)	Smaller reporting company	¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act.)    Yes  ¨    No  ý

As of November 3, 2014, the number of shares of the registrant's common stock outstanding was: 93,822,743.

Common Stock, par value $.01

Table of Contents

			Page
Part I — Financial Information
Item 1	—	Condensed Consolidated Financial Statements (Unaudited)	3
Item 2	—	Management’s Discussion and Analysis of Financial Condition and Results of Operations	36
Item 3	—	Quantitative and Qualitative Disclosures About Market Risk	48
Item 4	—	Controls and Procedures	48
Part II — Other Information
Item 1	—	Legal Proceedings	50
Item 1A	—	Risk Factors	50
Item 6	—	Exhibits	51
Signatures			52

2

Part I — Financial Information

Item 1. Condensed Consolidated Financial Statements

DEAN FOODS COMPANY

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)

(In thousands, except share data)

	September 30, 2014			December 31, 2013
ASSETS
Current assets:
Cash and cash equivalents	$	30,381		$	16,762
Receivables, net allowances of $14,869 and $12,083	776,741			752,234
Income tax receivable	40,663			15,915
Inventories	279,691			262,858
Deferred income taxes	48,395			60,143
Prepaid expenses and other current assets	37,687			42,786
Total current assets	1,213,558			1,150,698
Property, plant and equipment, net	1,180,990			1,216,047
Goodwill	86,841			86,841
Identifiable intangible and other assets, net	295,780			312,836
Deferred income taxes	12,721			35,623
Total	$	2,789,890		$	2,802,045
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable and accrued expenses	$	768,063		$	761,288
Current portion of debt	698			698
Current portion of litigation settlements	18,853			19,101
Total current liabilities	787,614			781,087
Long-term debt	977,516			896,564
Deferred income taxes	124,831			100,691
Other long-term liabilities	228,032			273,314
Long-term litigation settlements	16,698			36,074
Commitments and contingencies (Note 12)
Stockholders’ equity:
Preferred stock, none issued	—			—
Common stock, 93,820,727 and 94,831,377 shares issued and outstanding, with a par value of $0.01 per share	938			948
Additional paid-in capital	755,306			791,276
Accumulated deficit	(46,292		)	(20,719		)
Accumulated other comprehensive loss	(54,753		)	(57,190		)
Total stockholders’ equity	655,199			714,315
Total	$	2,789,890		$	2,802,045

See Notes to Condensed Consolidated Financial Statements.

3

DEAN FOODS COMPANY

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

(In thousands, except share data)

	Three Months Ended   September 30						Nine Months Ended   September 30
	2014			2013			2014			2013
Net sales	$	2,373,280		$	2,200,899		$	7,108,189		$	6,720,871
Cost of sales	1,956,480			1,759,614			5,876,126			5,312,054
Gross profit	416,800			441,285			1,232,063			1,408,817
Operating costs and expenses:
Selling and distribution	337,346			333,456			1,011,657			1,005,131
General and administrative	69,728			72,274			212,804			243,626
Amortization of intangibles	714			910			2,175			2,785
Facility closing and reorganization costs	2,805			7,268			4,510			17,817
Litigation settlements	—			—			(2,521		)	(1,019		)
Impairment of long-lived assets	7,400			4,422			7,400			41,941
Other operating (income) loss	—			285			(4,535		)	2,494
Total operating costs and expenses	417,993			418,615			1,231,490			1,312,775
Operating income (loss)	(1,193		)	22,670			573			96,042
Other (income) expense:
Interest expense	15,233			30,238			45,477			180,009
Other income, net	(487		)	(126		)	(760		)	(489		)
Gain on disposition of WhiteWave common stock	—			(415,783		)	—			(415,783		)
Total other (income) expense	14,746			(385,671		)	44,717			(236,263		)
Income (loss) from continuing operations before income taxes	(15,939		)	408,341			(44,144		)	332,305
Income tax benefit	(803		)	(7,177		)	(18,253		)	(30,416		)
Income (loss) from continuing operations	(15,136		)	415,518			(25,891		)	362,721
Income (loss) from discontinued operations, net of tax	(836		)	—			(836		)	2,891
Gain (loss) on sale of discontinued operations, net of tax	—			(398		)	1,154			491,422
Net income (loss)	(15,972		)	415,120			(25,573		)	857,034
Net loss attributable to non-controlling interest in discontinued operations	—			—			—			(6,179		)
Net income (loss) attributable to Dean Foods Company	$	(15,972	)	$	415,120		$	(25,573	)	$	850,855
Average common shares:
Basic	93,797,183			94,164,101			93,916,848			93,533,631
Diluted	93,797,183			95,337,764			93,916,848			94,577,124
Basic earnings (loss) per common share:
Income (loss) from continuing operations	$	(0.16	)	$	4.41		$	(0.28	)	$	3.88
Income (loss) from discontinued operations attributable to Dean Foods Company	(0.01		)	—			0.01			5.22
Net income (loss) attributable to Dean Foods Company	$	(0.17	)	$	4.41		$	(0.27	)	$	9.10
Diluted earnings (loss) per common share:
Income (loss) from continuing operations	$	(0.16	)	$	4.35		$	(0.28	)	$	3.84
Income (loss) from discontinued operations attributable to Dean Foods Company	(0.01		)	—			0.01			5.16
Net income (loss) attributable to Dean Foods Company	$	(0.17	)	$	4.35		$	(0.27	)	$	9.00
Cash dividends declared per common share	$	0.07		$	—		$	0.21		$	—

See Notes to Condensed Consolidated Financial Statements.

4

DEAN FOODS COMPANY

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(Unaudited)

(In thousands)

	Three Months Ended   September 30						Nine Months Ended   September 30
	2014			2013			2014			2013
Net income (loss)	$	(15,972	)	$	415,120		$	(25,573	)	$	857,034
Other comprehensive income (loss):
Cumulative translation adjustments	(430		)	(40		)	291			(10,557		)
Net change in fair value of derivative instruments, net of tax	(16		)	338			(101		)	58,494
Net pension and other postretirement liability adjustment, net of tax	930			2,039			2,467			6,978
Unrealized gain on available-for-sale securities	—			30,231			—			415,783
Reclassification to income statement related to de-designation of cash flow hedges	—			(415,783		)	(220		)	(415,783		)
Other comprehensive income (loss)	484			(383,215		)	2,437			54,915
Comprehensive income (loss)	(15,488		)	31,905			(23,136		)	911,949
Comprehensive income attributable to non-controlling interest	—			—			—			4,795
Comprehensive income (loss) attributable to Dean Foods Company	$	(15,488	)	$	31,905		$	(23,136	)	$	907,154

See Notes to Condensed Consolidated Financial Statements.

5

DEAN FOODS COMPANY

CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS’ EQUITY

(Unaudited)

(In thousands, except share data)

	Common Stock								Retained Earnings (Accumulated Deficit)			Accumulated Other Comprehensive Income (Loss)			Total Stockholders’ Equity
	Shares		Amount			Additional Paid-In Capital
Balance, December 31, 2013	94,831,377		$	948		$	791,276		$	(20,719	)	$	(57,190	)	$	714,315
Issuance of common stock, net of tax impact of share-based compensation	716,625		7			5,453			—			—			5,460
Share-based compensation expense	—		—			3,214			—			—			3,214
Repurchase of common stock	(1,727,275	)	(17		)	(24,983		)	—			—			(25,000		)
Cash dividends paid						(19,654		)	—			—			(19,654		)
Net loss	—		—			—			(25,573		)	—			(25,573		)
Other comprehensive income (loss):
Change in fair value of derivative instruments, net of tax benefit of $31	—		—			—			—			(101		)	(101		)
Amounts reclassified to income statement related to de-designation of cash flow hedges, net of tax benefit of $139	—		—			—			—			(220		)	(220		)
Cumulative translation adjustment	—		—			—			—			291			291
Pension and other postretirement benefit liability adjustment, net of tax of $2,110	—		—			—			—			2,467			2,467
Balance, September 30, 2014	93,820,727		$	938		$	755,306		$	(46,292	)	$	(54,753	)	$	655,199

See Notes to Condensed Consolidated Financial Statements.

6

DEAN FOODS COMPANY

CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS’ EQUITY

(Unaudited)

(In thousands, except share data)

	Dean Foods Company Stockholders
	Common Stock (1)						Retained			Accumulated			Non- controlling Interest			Total Stockholders’ Equity
	Shares	Amount		Additional Paid-In Capital (1)			Earnings (Accumulated Deficit)			Other Comprehensive Income (Loss)
Balance, December 31, 2012	92,781,767	$	928	$	1,376,740		$	(833,897	)	$	(186,584	)	$	102,441		$	459,628
Issuance of common stock, net of tax impact of share-based compensation	1,584,156	16		15,353			—			—			—			15,369
Share-based compensation expense	—	—		10,441			—			—			—			10,441
Share-based compensation expense for subsidiary shares	—	—		—			—			—			7,733			7,733
Net income attributable to non-controlling interest	—	—		—			—			—			6,179			6,179
Net income attributable to Dean Foods Company	—	—		—			850,855			—			—			850,855
Other comprehensive income (loss):
Change in fair value of derivative instruments, net of tax benefit of $84	—	—		—			—			8			10			18
Amounts reclassified to income statement related to hedging activities, net of tax of $36,822	—	—		—			—			58,476			—			58,476
Cumulative translation adjustment	—	—		—			—			(9,159		)	(1,398		)	(10,557		)
Pension and other postretirement benefit liability adjustment, net of tax of $4,145	—	—		—			—			6,974			4			6,978
Spin-Off of The WhiteWave Foods Company	—	—		(617,082		)	—			33,025			(114,969		)	(699,026		)
Balance, September 30, 2013	94,365,923	$	944	$	785,452		$	16,958		$	(97,260	)	$	—		$	706,094

(1) Common Stock and Additional Paid-In Capital at December 31, 2012 have been adjusted retroactively to reflect a 1-for-2 reverse stock split effected August 26, 2013.

See Notes to Condensed Consolidated Financial Statements.

7

DEAN FOODS COMPANY

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

(In thousands)

	Nine Months Ended   September 30
	2014			2013
Cash flows from operating activities:
Net income (loss)	$	(25,573	)	$	857,034
(Income) loss from discontinued operations, net of tax	836			(2,891		)
Gain on sale of discontinued operations, net of tax	(1,154		)	(491,422		)
Adjustments to reconcile net income (loss) to net cash flows from operating activities:
Depreciation and amortization	122,649			131,651
Share-based compensation expense	6,802			17,104
(Gain) loss on divestitures and other, net	(6,391		)	978
Impairment of long-lived assets	7,400			41,941
Gain on disposition of WhiteWave common stock	—			(415,783		)
Write-off of financing costs	—			6,791
Recognition of accumulated losses from de-designated cash flow hedges	—			63,454
Deferred income taxes	56,623			(15,667		)
Litigation settlement adjustment	(2,521		)	—
Other, net	3,079			(197		)
Changes in operating assets and liabilities:
Receivables, net	(25,679		)	62,351
Inventories	(16,666		)	3,597
Prepaid expenses and other assets	16,573			(3,227		)
Accounts payable and accrued expenses	(44,078		)	(131,418		)
Termination of interest rate swap liability	—			(28,147		)
Income tax receivable/payable	(25,224		)	(336,050		)
Long-term litigation settlements	(18,605		)	(18,727		)
Net cash provided by (used in) operating activities-continuing operations	48,071			(258,628		)
Net cash provided by operating activities-discontinued operations	—			14,174
Net cash provided by (used in) operating activities	48,071			(244,454		)
Cash flows from investing activities:
Payments for property, plant and equipment	(89,486		)	(90,387		)
Proceeds from sale of fixed assets	18,688			8,526
Net cash used in investing activities-continuing operations	(70,798		)	(81,861		)
Net cash provided by investing activities-discontinued operations	—			1,403,494
Net cash provided by (used in) investing activities	(70,798		)	1,321,633
Cash flows from financing activities:
Repayments of debt	(498		)	(1,027,196		)
Proceeds from senior secured revolver	1,865,745			696,000
Payments for senior secured revolver	(1,868,035		)	(961,000		)
Proceeds from receivables-backed facility	1,836,000			478,000
Payments for receivables-backed facility	(1,754,000		)	(478,000		)
Proceeds from short-term credit facility	—			626,750
Payments for short-term credit facility	—			(37,521		)
Common stock repurchase	(25,000		)	—
Cash dividends paid	(19,654		)	—
Payments of financing costs	(3,233		)	(6,197		)
Issuance of common stock, net of share repurchases for withholding taxes	5,296			17,638
Tax savings on share-based compensation	332			2,139
Net cash provided by (used in) financing activities-continuing operations	36,953			(689,387		)
Net cash used in financing activities-discontinued operations	—			(51,584		)
Net cash provided by (used in) financing activities	36,953			(740,971		)
Effect of exchange rate changes on cash and cash equivalents	(607		)	(216		)
Increase in cash and cash equivalents	13,619			335,992
Cash and cash equivalents, beginning of period	16,762			24,657
Cash and cash equivalents, end of period	$	30,381		$	360,649
Significant non-cash activity:
Disposition of retained investment in WhiteWave	$	—		589,229

See Notes to Condensed Consolidated Financial Statements.

8

DEAN FOODS COMPANY

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

Three and Nine Months Ended September 30, 2014 and 2013

(Unaudited)

1. General

Nature of Our Business — We are a leading food and beverage company and the largest processor and direct-to-store distributor of milk and other dairy and dairy case products in the United States. We have aligned our leadership teams, operating strategies and supply chain initiatives under a single operating and reportable segment. We process and distribute fluid milk and other dairy products, including ice cream, ice cream mix and cultured products, which are marketed under more than 50 local and regional dairy brands and a wide array of private labels. We also produce and distribute TruMoo^®, which is our nationally branded, reformulated flavored milk, as well as juices, teas, bottled water and other products.

Basis of Presentation — The unaudited Condensed Consolidated Financial Statements contained in this Quarterly Report on Form 10-Q have been prepared on the same basis as the Consolidated Financial Statements in our Annual Report on Form 10-K for the year ended December 31, 2013 (the “2013 Annual Report on Form 10-K”), which we filed with the Securities and Exchange Commission on February 24, 2014. In our opinion, we have made all necessary adjustments (which include only normal recurring adjustments) to present fairly, in all material respects, our consolidated financial position, results of operations and cash flows as of the dates and for the periods presented. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) have been omitted. Our results of operations for the three and nine month periods ended September 30, 2014 may not be indicative of our operating results for the full year. The unaudited Condensed Consolidated Financial Statements contained in this Quarterly Report on Form 10-Q should be read in conjunction with the Consolidated Financial Statements contained in our 2013 Annual Report on Form 10-K.

Unless otherwise indicated, references in this report to “we,” “us” or “our” refer to Dean Foods Company and its subsidiaries, taken as a whole.

Recently Issued Accounting Pronouncements

In April 2014, the Financial Accounting Standards Board ("FASB") issued FASB Accounting Standards Update ("ASU") No. 2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity, which changes the criteria for determining which disposals can be presented as discontinued operations and modifies related disclosure requirements. We are required to adopt the standard prospectively for new disposals and new classifications of disposal groups as held for sale beginning the first quarter of 2015. We do not expect the adoption of this standard to have a material impact on our financial statements.

In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers. ASU 2014-09 supersedes the revenue recognition requirements in “Revenue Recognition (Topic 605)”, and requires entities to recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled to in exchange for those goods or services. ASU 2014-09 is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Early adoption is not permitted. We are currently evaluating the effect that the adoption of this standard will have on our financial statements.

In June 2014, the FASB issued ASU No. 2014-12, Compensation — Stock Compensation (Topic 718): Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period. ASU No. 2014-12 requires that a performance target that affects vesting and that could be achieved after the requisite service period should be treated as a performance condition. A reporting entity should apply existing guidance in Topic 718 as it relates to awards with performance conditions that affect vesting to account for such awards. As such, the performance target should not be reflected in estimating the grant-date fair value of the award. ASU 2014-12 is effective for annual periods and interim periods within those annual periods beginning after December 15, 2015. Earlier adoption is permitted. We are currently evaluating the effect that the adoption of this standard will have on our financial statements.

2. Discontinued Operations

WhiteWave and Morningstar

We separated The WhiteWave Foods Company ("WhiteWave") from the Company in a series of three transactions: an initial public offering for 13.3% of the WhiteWave common stock in the fourth quarter of 2012 (the

9

"WhiteWave IPO"); a tax-free spin-off of 66.8% of the WhiteWave common stock in the second quarter of 2013; and a tax-free debt-for-equity exchange of 19.9% of the WhiteWave common stock in the third quarter of 2013. Refer to our 2013 Annual Report on Form 10-K for more information about the WhiteWave separation. While we are a party to a separation and distribution agreement and various other agreements relating to the separation, including a transitional services agreement, an amended and restated tax matters agreement, an employee matters agreement and certain other commercial agreements, we have determined that the continuing cash flows generated by these agreements (which are not expected to extend beyond June 2015) did not constitute significant continuing involvement in the operations of WhiteWave. Accordingly, the net assets, operating results and cash flows of WhiteWave have been separately reflected as discontinued operations for the three and nine months ended September 30, 2013. WhiteWave is a stand-alone public company which separately reports its financial results.

During the three months ended September 30, 2013, as a result of the tax-free disposition of our 19.9% investment in WhiteWave common stock, we recorded a gain in continuing operations of $415.8 million, which included $385.6 million of unrealized holding gains that were previously recorded as a component of accumulated other comprehensive income in the second quarter of 2013. The gain was recorded in the gain on disposition of WhiteWave common stock line item in our unaudited Condensed Consolidated Statements of Operations.

In January 2013, we completed the sale of Morningstar Foods ("Morningstar") to a third party for net proceeds of approximately $1.45 billion. During the nine months ended September 30, 2013, we recorded a gain of $871.3 million ($492.1 million, net of tax) on the sale of Morningstar in January of 2013. The operating results of Morningstar have been included in discontinued operations for the three and nine months ended September 30, 2013.

The following is a summary of operating results and certain other directly attributable expenses, including interest expense, which are included in discontinued operations for the nine months ended September 30, 2013. There were no discontinued operations for the three months ended September 30, 2013.

	Nine Months Ended September 30, 2013
	WhiteWave				Morningstar			Total
	(In thousands)
Operations:
Net sales	$	940,431			$	5,919		$	946,350
Income before income taxes	57,126				109			57,235
Income tax	(54,306		)	(1)	(38		)	(54,344		)
Net income	$	2,820			$	71		$	2,891

(1) The income tax expense attributable to WhiteWave during the nine months ended September 30, 2013 includes approximately $31.1 million related to certain deferred intercompany transactions which were recognized upon the completion of the WhiteWave spin-off. Because these liabilities arose as a direct result of the spin-off of WhiteWave, we have reflected the income statement impact of such liabilities as a component of discontinued operations.

The following is a summary of directly attributable transaction expenses which are included in discontinued operations:

	Nine Months Ended   September 30, 2013
	(In thousands)
WhiteWave	$	12,464
Morningstar	300
Total	$	12,764

There were no transaction expenses directly attributable to discontinued operations during the three and nine months ended September 30, 2014.

During the three and nine months ended September 30, 2014, we recognized net losses from discontinued operations of $0.8 million from the finalization of certain pre-separation tax items related to WhiteWave.

10

During the nine months ended September 30, 2014, we recognized net gains on the sale of discontinued operations, net of tax, of $1.2 million, from favorable taxing authority settlements related to Morningstar and other prior discontinued operations.

3. Inventories

Inventories, net of obsolescence reserves of $0.6 million and $0.8 million at September 30, 2014 and December 31, 2013, respectively, consisted of the following:

	September 30, 2014		December 31, 2013
	(In thousands)
Raw materials and supplies	$	108,402	$	103,023
Finished goods	171,289		159,835
Total	$	279,691	$	262,858

4. Goodwill and Intangible Assets

Upon completion of the WhiteWave separation, our remaining goodwill of $86.8 million is attributable to our ongoing dairy operations. There were no changes in our goodwill balance during the nine months ended September 30, 2014.

The gross carrying amount and accumulated amortization of our intangible assets other than goodwill as of September 30, 2014 and December 31, 2013 are as follows:

	September 30, 2014							December 31, 2013
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
	(In thousands)
Intangible assets with indefinite lives:
Trademarks	$	221,681	$	—		$	221,681	$	221,681	$	—		$	221,681
Intangible assets with finite lives:
Customer-related and other	49,225		(30,509		)	18,716		49,225		(28,575		)	20,650
Trademarks	8,096		(5,245		)	2,851		8,096		(5,002		)	3,094
Total	$	279,002	$	(35,754	)	$	243,248	$	279,002	$	(33,577	)	$	245,425

Amortization expense on intangible assets for the three months ended September 30, 2014 and 2013 was $0.7 million and $0.9 million, respectively. Amortization expense on intangible assets for the nine months ended September 30, 2014 and 2013 was $2.2 million and $2.8 million, respectively. Estimated aggregate intangible asset amortization expense for the next five years is as follows (in millions):

2014	$	2.9
2015	2.9
2016	2.8
2017	2.2
2018	2.0

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5. Debt

Our outstanding debt as of September 30, 2014 and December 31, 2013 consisted of the following:

	September 30, 2014					December 31, 2013
	Amount Outstanding			Interest Rate		Amount Outstanding			Interest Rate
	(In thousands, except percentages)
Dean Foods Company debt obligations:
Senior secured credit facility	$	47,960		2.16	%*	$	50,250		1.67	%*
Senior notes due 2016	475,757			7.00		475,579			7.00
Senior notes due 2018	23,812			9.75		23,812			9.75
	547,529					549,641
Subsidiary debt obligations:
Senior notes due 2017	134,369			6.90		132,808			6.90
Receivables-backed facility	295,000			1.28		213,000			1.19
Capital lease and other	1,316			—		1,813			—
	430,685					347,621
	978,214					897,262
Less current portion	(698		)			(698		)
Total long-term portion	$	977,516				$	896,564

* Represents a weighted average rate, including applicable interest rate margins, for the credit facility.

The scheduled maturities of long-term debt at September 30, 2014 were as follows (in thousands):

2014	$	164
2015	658
2016	476,682
2017	437,000
2018	71,772
Thereafter	—
Subtotal	986,276
Less discounts	(8,062		)
Total outstanding debt	$	978,214

Senior Secured Credit Facility — In July 2013, we executed a credit agreement pursuant to which the lenders provided us with a five-year senior secured revolving credit facility in the amount of up to $750 million. The credit agreement was amended in June 2014 and further amended in August 2014. Under the agreement, as amended, we have the right to request an increase of the aggregate commitment under the credit facility by, and to request incremental term loans or increased revolver commitments of, up to $500 million without the consent of any lenders not participating in such increase, subject to specified conditions. The senior secured credit facility is available for the issuance of up to $200 million of letters of credit and up to $150 million of swing line loans. The facility will terminate in July 2018.

In connection with the amendment entered into in August 2014, the Company paid certain consent and arrangement fees of approximately $1.0 million to lenders and other fees, which were capitalized and will be amortized to interest expense over the remaining term of the facility.

Loans outstanding under the senior secured credit facility bear interest, at our election, at either the Adjusted LIBO Rate (as defined in the credit agreement) plus a margin of between 1.25% and 2.75% (2.50% as of September 30, 2014 ) based on the leverage ratio (as defined in the credit agreement), or the Alternate Base Rate (as defined in the credit agreement) plus a margin of between 0.25% and 1.75% (1.50% as of September 30, 2014 ) based on the leverage ratio. We are permitted to make optional prepayments of the loans, in whole or in part, without premium or penalty (other than applicable LIBOR breakage costs). Subject to certain exceptions and conditions described in the credit agreement, we are obligated to prepay the credit facility, but without a corresponding commitment reduction, with the net cash proceeds of certain asset sales and with casualty insurance proceeds.

12

The senior secured credit facility is guaranteed by our existing and future domestic material restricted subsidiaries (as defined in the credit agreement), which are substantially all of our wholly-owned U.S. subsidiaries other than our receivables securitization subsidiaries. The facility is secured by a first priority perfected security interest in substantially all of our and our guarantors' personal property, whether consisting of tangible or intangible property, including a pledge of, and a perfected security interest in, (i) all of the shares of capital stock of the guarantors and (ii) 65% of the shares of our or any guarantor’s first-tier foreign subsidiaries which are material restricted subsidiaries, in each case subject to certain exceptions as set forth in the credit agreement. The collateral does not include any real property, the capital stock and any assets of any unrestricted subsidiary, or any capital stock of any direct or indirect subsidiary of our wholly-owned subsidiary Dean Holding Company ("Legacy Dean") which owns any real property.

The credit agreement governing the senior secured credit facility contains customary representations, warranties and covenants, including but not limited to specified restrictions on indebtedness, liens, guarantee obligations, mergers, acquisitions, consolidations, liquidations and dissolutions, sales of assets, leases, payment of dividends and other restricted payments, investments, loans and advances, transactions with affiliates and sale and leaseback transactions, as well as the financial covenants described below. The credit agreement also contains customary events of default and related cure provisions.

At September 30, 2014, there were outstanding borrowings of $48.0 million under the senior secured revolving credit facility. Our average daily balance under the senior secured revolving credit facility during the nine months ended September 30, 2014 was $57.3 million. There were no letters of credit issued under the senior secured revolving credit facility as of September 30, 2014.

Dean Foods Receivables-Backed Facility — We have a $550 million receivables securitization facility pursuant towhich certain of our subsidiaries sell their accounts receivable to two wholly-owned entities intended to be bankruptcy-remote. The entities then transfer the receivables to third-party asset-backed commercial paper conduits sponsored by major financial institutions. The assets and liabilities of these two entities are fully reflected in our unaudited Condensed Consolidated Balance Sheets, and the securitization is treated as a borrowing for accounting purposes. In June 2014, the receivables-backed facility was modified to, among other things, increase the amount available for the issuance of letters of credit from $300 million to $350 million and to extend the liquidity termination date from March 2015 to June 2017. The receivables-backed facility was further amended in August 2014 to be consistent with the amended financial covenants under the credit agreement governing the senior secured credit facility.

In connection with the amendment entered into in August 2014, the Company paid certain fees of approximately $0.6 million to consenting lenders and other fees which were capitalized and will be amortized to interest expense over the remaining term of the facility.

Based on the monthly borrowing base formula, we had the ability to borrow up to $550 million of the total commitment amount under the receivables-backed facility as of September 30, 2014. The total amount of receivables sold to these entities as of September 30, 2014 was $718.5 million. During the first nine months of 2014 we borrowed $1.84 billion and repaid $1.75 billion under the facility with a drawn balance of $295 million as of September 30, 2014. Excluding letters of credit in the aggregate amount of $212.3 million, the remaining available borrowing capacity was $42.7 million at September 30, 2014. Our average daily balance under this facility during the nine months ended September 30, 2014 was $244.5 million. The receivables-backed facility bears interest at a variable rate based upon commercial paper and one-month LIBO rates plus an applicable margin.

Under the senior secured credit facility and the receivables-backed facility, as amended, we are required to comply with (a) a maximum consolidated net leverage ratio of 5.25x for each fiscal quarter ending on or prior to December 31, 2014; 5.00x for each fiscal quarter ending on or prior to March 31, 2015; 4.50x for each fiscal quarter ending on or prior to June 30, 2015; and 4.00x for each fiscal quarter ending thereafter; (b) a senior secured net leverage ratio not to exceed 2.50x; and (c) a minimum consolidated interest coverage ratio of 3.00 to 1.00, in each case, as defined under and calculated in accordance with the terms of the agreements governing our senior secured credit facility and our receivables-backed facility.

We are currently in compliance with all covenants under our credit agreements.

Short Term Credit Facility and Debt-for-Equity Exchange Agreement —On July 11, 2013, in connection with the anticipated monetization of our remaining shares of WhiteWave’s Class A common stock, we entered into a loan agreement with certain lenders, pursuant to which we were provided with two term loans in an aggregate principal amount of $626.75 million, consisting of a $545 million term loan required to be repaid no later than August 12, 2013, and an $81.75 million term loan required to be repaid no later than September 9, 2013. We used the proceeds from the credit facility for general corporate purposes. Loans outstanding under the short-term credit facility bore interest at the Adjusted LIBO Rate (as defined in the loan

13

agreement) plus a margin of 2.50%. We were permitted to make optional prepayments of the loans, in whole or in part, without premium or penalty (other than any applicable LIBOR breakage costs).

The credit facility was unsecured and was guaranteed by our existing and future domestic material restricted subsidiaries (as defined in the loan agreement), which are substantially all of our wholly-owned U.S. subsidiaries other than our receivables securitization subsidiaries. The loan agreement contained certain representations, warranties and covenants, including, but not limited to specified restrictions on acquisitions and payment of dividends, as well as maintenance of certain liquidity levels. The loan agreement also contained customary events of default and related cure provisions. We were required to comply with a maximum consolidated net leverage ratio initially set at 4.00 to 1.00 and a minimum consolidated interest coverage ratio set at 3.00 to 1.00.

On July 25, 2013, we announced the closing of a secondary public offering of 34.4 million shares of Class A common stock of WhiteWave owned by us at a public offering price of $17.75 per share. Immediately prior to the closing of the offering, we exchanged our shares of WhiteWave Class A common stock for $589.2 million of the two term loans, which loans were held by two of the underwriters in the offering. Following the closing of the debt-for-equity exchange, we repaid the non-exchanged balance of the two term loans in full and terminated the loan agreement.

Standby Letter of Credit — In February 2012, in connection with a litigation settlement agreement we entered into with the plaintiffs in the Tennessee dairy farmer actions, we issued a standby letter of credit in the amount of $80 million, representing the approximate subsequent payments due under the terms of the settlement agreement. The total amount of the letter of credit will decrease proportionately as we make each of the four installment payments. We made installment payments in June of 2014 and 2013. As of September 30, 2014, the letter of credit has been reduced to $37.7 million.

Dean Foods Company Senior Notes due 2018 — In December 2010, we issued $400 million aggregate principal amount of 9.75% senior unsecured notes in a private placement to qualified institutional buyers and in offshore transactions, and in August 2011, we exchanged $400 million of the senior notes for new notes that are registered under the Securities Act of 1933, as amended, and do not have restrictions on transfer, rights to special interest or registration rights. These notes are our senior unsecured obligations and mature in December 2018 with interest payable on June 15 and December 15 of each year. The indenture under which we issued the senior notes due 2018 does not contain financial covenants but does contain covenants that, among other things, limit our ability to incur certain indebtedness, enter into sale-leaseback transactions and engage in mergers, consolidations and sales of all or substantially all of our assets. During the fourth quarter of 2013, we retired $376.2 million principal amount of these notes pursuant to a cash tender offer. The carrying value of these notes on September 30, 2014 was $23.8 million. Subject to obtaining board approval, we intend to redeem the remaining senior notes due 2018 during the fourth quarter of 2014.

Dean Foods Company Senior Notes due 2016 — In 2006, we issued $500 million aggregate principal amount of 7.0% senior unsecured notes. The senior unsecured notes mature in June 2016 and interest is payable on June 1 and December 1 of each year. The indenture under which we issued the senior notes due 2016 does not contain financial covenants but does contain covenants that, among other things, limit our ability to incur certain indebtedness, enter into sale-leaseback transactions and engage in mergers, consolidations and sales of all or substantially all of our assets. During the fourth quarter of 2013, we retired $23.8 million principal amount of these notes pursuant to a cash tender offer. The carrying value of these notes on September 30, 2014 was $475.8 million.

Subsidiary Senior Notes due 2017 — Legacy Dean had certain senior notes outstanding at the time of its acquisition, of which one series ($142 million aggregate principal amount) remains outstanding and matures in October 2017. The carrying value of these notes on September 30, 2014 was $134.4 million at 6.90% interest. The indenture governing the Legacy Dean senior notes does not contain financial covenants but does contain certain restrictions, including a prohibition against Legacy Dean and its subsidiaries granting liens on certain of their real property interests and a prohibition against Legacy Dean granting liens on the stock of its subsidiaries. The Legacy Dean senior notes are not guaranteed by Dean Foods Company or Legacy Dean’s wholly-owned subsidiaries.

See Note 6 for information regarding the fair value of the 2016 and 2018 senior notes and the subsidiary senior notes due 2017 as of September 30, 2014.

Capital Lease Obligations and Other — Capital lease obligations as of September 30, 2014 and December 31, 2013 were comprised of a lease for land and building related to one of our production facilities. See Note 12.

14

Guarantor Information — The 2016 and 2018 senior notes described above are our unsecured obligations and, except as described below, are fully and unconditionally, jointly and severally guaranteed by substantially all of our 100%-owned U.S. subsidiaries other than our receivables securitization subsidiaries. The following condensed consolidating financial statements present the financial position, results of operations and cash flows of Dean Foods Company (for purposes of this Note 5, “Parent”), the 100%-owned subsidiary guarantors of the senior notes and, separately, the combined results of the 100%-owned subsidiaries that are not a party to the guarantees. The 100%-owned non-guarantor subsidiaries reflect certain foreign and other operations, in addition to our receivables securitization subsidiaries.

Upon completion of the WhiteWave IPO, WhiteWave and its wholly-owned domestic subsidiaries were released from their obligations as guarantors for the 2016 and 2018 senior notes. Therefore, the activity and balances allocated to discontinued operations related to WhiteWave have been recast in the tables below for all periods presented to include WhiteWave and its subsidiaries in the non-guarantor column as these parties are no longer guarantors of the 2016 senior notes or 2018 senior notes.

	Unaudited Condensed Consolidating Balance Sheet as of September 30, 2014
	Parent			Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Eliminations			Consolidated Totals
	(In thousands)
ASSETS
Current assets:
Cash and cash equivalents	$	13,926		$	5,627	$	10,828	$	—		$	30,381
Receivables, net	2,086			71,999		702,656		—			776,741
Income tax receivable	32,568			8,095		—		—			40,663
Inventories	—			279,691		—		—			279,691
Intercompany receivables	—			5,778,783		—		(5,778,783		)	—
Other current assets	(903		)	86,769		216		—			86,082
Total current assets	47,677			6,230,964		713,700		(5,778,783		)	1,213,558
Property, plant and equipment, net	—			1,180,958		32		—			1,180,990
Goodwill	—			86,841		—		—			86,841
Identifiable intangible and other assets, net	58,725			249,764		12		—			308,501
Investment in subsidiaries	6,636,135			52,563		—		(6,688,698		)	—
Total	$	6,742,537		$	7,801,090	$	713,744	$	(12,467,481	)	$	2,789,890
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable and accrued expenses	$	48,824		$	719,939	$	62	$	(762	)	$	768,063
Intercompany payables	5,412,006			—		366,015		(5,778,021		)	—
Current portion of debt	—			698		—		—			698
Current portion of litigation settlements	18,853			—		—		—			18,853
Total current liabilities	5,479,683			720,637		366,077		(5,778,783		)	787,614
Long-term debt	547,529			134,987		295,000		—			977,516
Other long-term liabilities	43,428			309,331		104		—			352,863
Long-term litigation settlements	16,698			—		—		—			16,698
Total stockholders’ equity	655,199			6,636,135		52,563		(6,688,698		)	655,199
Total	$	6,742,537		$	7,801,090	$	713,744	$	(12,467,481	)	$	2,789,890

15

	Unaudited Condensed Consolidating Balance Sheet as of December 31, 2013
	Parent			Guarantor Subsidiaries		Non- Guarantor Subsidiaries			Eliminations			Consolidated Totals
	(In thousands)
ASSETS
Current assets:
Cash and cash equivalents	$	(12,289	)	$	17,433	$	11,618		$	—		$	16,762
Receivables, net	1,932			72,660		677,642			—			752,234
Income tax receivable	10,374			5,541		—			—			15,915
Inventories	—			262,858		—			—			262,858
Intercompany receivables	—			5,728,284		(1		)	(5,728,283		)	—
Other current assets	6,944			95,927		58			—			102,929
Total current assets	6,961			6,182,703		689,317			(5,728,283		)	1,150,698
Property, plant and equipment, net	—			1,215,888		159			—			1,216,047
Goodwill	—			86,841		—			—			86,841
Identifiable intangible and other assets, net	90,269			258,109		81			—			348,459
Investment in subsidiaries	6,633,000			72,345		—			(6,705,345		)	—
Total	$	6,730,230		$	7,815,886	$	689,557		$	(12,433,628	)	$	2,802,045
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable and accrued expenses	$	47,284		$	713,625	$	554		$	(175	)	$	761,288
Intercompany payables	5,304,051			—		424,057			(5,728,108		)	—
Current portion of debt	—			698		—			—			698
Current portion of litigation settlements	19,101			—		—			—			19,101
Total current liabilities	5,370,436			714,323		424,611			(5,728,283		)	781,087
Long-term debt	549,641			133,923		213,000			—			896,564
Other long-term liabilities	59,764			314,149		92			—			374,005
Long-term litigation settlements	36,074			—		—			—			36,074
Total stockholders’ equity	714,315			6,653,491		51,854			(6,705,345		)	714,315
Total	$	6,730,230		$	7,815,886	$	689,557		$	(12,433,628	)	$	2,802,045

16

	Unaudited Condensed Consolidating Statement of Comprehensive Income for the Three Months Ended September 30, 2014
	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated Totals
	(In thousands)
Net sales	$	—		$	2,370,161		$	3,119		$	—		$	2,373,280
Cost of sales	—			1,953,984			2,496			—			1,956,480
Gross profit	—			416,177			623			—			416,800
Selling and distribution	—			337,048			298			—			337,346
General and administrative	790			68,385			553			—			69,728
Amortization of intangibles	—			714			—			—			714
Facility closing and reorganization costs	—			2,805			—			—			2,805
Impairment of long-lived assets	—			7,400			—			—			7,400
Interest expense	10,496			2,914			1,823			—			15,233
Other (income) expense, net	(800		)	1,507			(1,194		)	—			(487		)
Loss from continuing operations before income taxes and equity in earnings (loss) of subsidiaries	(10,486		)	(4,596		)	(857		)	—			(15,939		)
Income tax expense (benefit)	6,560			(6,785		)	(578		)	—			(803		)
Income (loss) before equity in earnings (loss) of subsidiaries	(17,046		)	2,189			(279		)	—			(15,136		)
Equity in earnings (loss) of consolidated subsidiaries	1,110			(279		)	—			(831		)	—
Income (loss) from continuing operations	(15,936		)	1,910			(279		)	(831		)	(15,136		)
Loss from discontinued operations, net of tax	—			(45		)	(791		)	—			(836		)
Gain (loss) on sale of discontinued operations, net of tax	(36		)	61			(25		)	—			—
Net income (loss)	(15,972		)	1,926			(1,095		)	(831		)	(15,972		)
Other comprehensive income (loss), net of tax	862			51			(429		)	—			484
Comprehensive income (loss)	$	(15,110	)	$	1,977		$	(1,524	)	$	(831	)	$	(15,488	)

17

	Unaudited Condensed Consolidating Statement of Comprehensive Income for the Three Months Ended September 30, 2013
	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated Totals
	(In thousands)
Net sales	$	—		$	2,197,974		$	2,925		$	—		$	2,200,899
Cost of sales	—			1,757,469			2,145			—			1,759,614
Gross profit	—			440,505			780			—			441,285
Selling and distribution	—			333,096			360			—			333,456
General and administrative	1,357			70,440			477			—			72,274
Amortization of intangibles	—			910			—			—			910
Facility closing and reorganization costs	—			7,268			—			—			7,268
Impairment of long-lived assets	—			4,422			—			—			4,422
Other operating (income) loss	290			(5		)	—			—			285
Interest expense	26,246			2,906			1,086			—			30,238
Gain on disposition of WhiteWave common stock	(415,783		)	—			—			—			(415,783		)
Other (income) expense, net	(400		)	588			(314		)	—			(126		)
Income (loss) from continuing operations before income taxes and equity in earnings (loss) of subsidiaries	388,290			20,880			(829		)	—			408,341
Income tax expense (benefit)	(13,936		)	8,131			(1,372		)	—			(7,177		)
Income before equity in earnings (loss) of subsidiaries	402,226			12,749			543			—			415,518
Equity in earnings (loss) of consolidated subsidiaries	13,292			(362		)	—			(12,930		)	—
Income from continuing operations	415,518			12,387			543			(12,930		)	415,518
Loss on sale of discontinued operations, net of tax	(398		)	—			—			—			(398		)
Net income	415,120			12,387			543			(12,930		)	415,120
Other comprehensive income (loss), net of tax	(383,312		)	139			(42		)	—			(383,215		)
Comprehensive income	$	31,808		$	12,526		$	501		$	(12,930	)	$	31,905

18

	Unaudited Condensed Consolidating Statement of Comprehensive Income for the Nine Months Ended September 30, 2014
	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated Totals
	(In thousands)
Net sales	$	—		$	7,098,125		$	10,064		$	—		$	7,108,189
Cost of sales	—			5,868,162			7,964			—			5,876,126
Gross profit	—			1,229,963			2,100			—			1,232,063
Selling and distribution	—			1,010,667			990			—			1,011,657
General and administrative	1,408			209,819			1,577			—			212,804
Amortization of intangibles	—			2,175			—			—			2,175
Facility closing and reorganization costs	—			4,510			—			—			4,510
Litigation settlements	(2,521		)	—			—			—			(2,521		)
Impairment of long-lived assets	—			7,400			—			—			7,400
Other operating income	—			(4,535		)	—			—			(4,535		)
Interest expense	32,307			8,954			4,216			—			45,477
Other (income) expense, net	(1,400		)	2,664			(2,024		)	—			(760		)
Loss from continuing operations before income taxes and equity in earnings (loss) of subsidiaries	(29,794		)	(11,691		)	(2,659		)	—			(44,144		)
Income tax expense (benefit)	1,235			(18,426		)	(1,062		)	—			(18,253		)
Income (loss) before equity in earnings (loss) of subsidiaries	(31,029		)	6,735			(1,597		)	—			(25,891		)
Equity in earnings (loss) of consolidated subsidiaries	4,653			(1,689		)	—			(2,964		)	—
Income (loss) from continuing operations	(26,376		)	5,046			(1,597		)	(2,964		)	(25,891		)
Loss from discontinued operations, net of tax	—			(45		)	(791		)	—			(836		)
Gain on sale of discontinued operations, net of tax	802			—			352			—			1,154
Net income (loss)	(25,574		)	5,001			(2,036		)	(2,964		)	(25,573		)
Other comprehensive income, net of tax	2,008			138			291			—			2,437
Comprehensive income (loss)	$	(23,566	)	$	5,139		$	(1,745	)	$	(2,964	)	$	(23,136	)

19

	Unaudited Condensed Consolidating Statement of Comprehensive Income for the Nine Months Ended September 30, 2013
	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated Totals
	(In thousands)
Net sales	$	—		$	6,710,398		$	10,473		$	—		$	6,720,871
Cost of sales	—			5,304,577			7,477			—			5,312,054
Gross profit	—			1,405,821			2,996			—			1,408,817
Selling and distribution	—			1,003,990			1,141			—			1,005,131
General and administrative	992			241,277			1,357			—			243,626
Amortization of intangibles	—			2,785			—			—			2,785
Facility closing and reorganization costs	—			17,817			—			—			17,817
Litigation settlements	(1,019		)	—			—			—			(1,019		)
Impairment of long-lived assets	—			38,527			3,414			—			41,941
Other operating loss	290			2,204			—			—			2,494
Interest expense	168,062			8,807			3,140			—			180,009
Gain on disposition of WhiteWave common stock	(415,783		)	—			—			—			(415,783		)
Other (income) expense, net	—			414			(903		)	—			(489		)
Income (loss) from continuing operations before income taxes and equity in earnings (loss) of subsidiaries	247,458			90,000			(5,153		)	—			332,305
Income tax expense (benefit)	(64,220		)	36,949			(3,145		)	—			(30,416		)
Income (loss) before equity in earnings (loss) of subsidiaries	311,678			53,051			(2,008		)	—			362,721
Equity in earnings (loss) of consolidated subsidiaries	539,575			(2,610		)	—			(536,965		)	—
Income (loss) from continuing operations	851,253			50,441			(2,008		)	(536,965		)	362,721
Income from discontinued operations, net of tax	—			—			2,891			—			2,891
Gain (loss) on sale of discontinued operations, net of tax	(398		)	491,825			(5		)	—			491,422
Net income	850,855			542,266			878			(536,965		)	857,034
Net loss attributable to non-controlling interest in discontinued operations	—			—			(6,179		)	—			(6,179		)
Net income (loss) attributable to Dean Foods Company	850,855			542,266			(5,301		)	(536,965		)	850,855
Other comprehensive income (loss), net of tax, attributable to Dean Foods Company	63,955			432			(8,088		)	—			56,299
Comprehensive income (loss) attributable to Dean Foods Company	$	914,810		$	542,698		$	(13,389	)	$	(536,965	)	$	907,154

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	Unaudited Condensed Consolidating Statement of Cash Flows for the Nine Months Ended September 30, 2014
	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidated Totals
	(In thousands)
Cash flows from operating activities:
Net cash provided by (used in) operating activities	$	(39,062	)	$	113,069		$	(25,936	)	$	48,071
Cash flows from investing activities:
Payments for property, plant and equipment	—			(89,486		)	—			(89,486		)
Proceeds from sale of fixed assets	—			18,688			—			18,688
Net cash used in investing activities	—			(70,798		)	—			(70,798		)
Cash flows from financing activities:
Repayments of debt	—			(498		)	—			(498		)
Proceeds from senior secured revolver	1,865,745			—			—			1,865,745
Payments for senior secured revolver	(1,868,035		)	—			—			(1,868,035		)
Proceeds from receivables-backed facility	—			—			1,836,000			1,836,000
Payments for receivables-backed facility	—			—			(1,754,000		)	(1,754,000		)
Common stock repurchase	(25,000		)	—			—			(25,000		)
Cash dividend paid	(19,654		)	—			—			(19,654		)
Payments of deferred financing costs	(1,544		)	—			(1,689		)	(3,233		)
Issuance of common stock, net of share repurchases	5,296			—			—			5,296
Tax savings on share-based compensation	332			—			—			332
Net change in intercompany balances	108,137			(53,579		)	(54,558		)	—
Net cash provided by (used in) financing activities	65,277			(54,077		)	25,753			36,953
Effect of exchange rate changes on cash and cash equivalents	—			—			(607		)	(607		)
Increase (decrease) in cash and cash equivalents	26,215			(11,806		)	(790		)	13,619
Cash and cash equivalents, beginning of period	(12,289		)	17,433			11,618			16,762
Cash and cash equivalents, end of period	$	13,926		$	5,627		$	10,828		$	30,381

21

	Unaudited Condensed Consolidating Statement of Cash Flows for the Nine Months Ended September 30, 2013
	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidated Totals
	(In thousands)
Cash flows from operating activities:
Net cash provided by (used in) operating activities— continuing operations	$	(417,208	)	$	53,877		$	104,703		$	(258,628	)
Net cash provided by operating activities — discontinued operations	—			—			14,174			14,174
Net cash provided by (used in) operating activities	(417,208		)	53,877			118,877			(244,454		)
Cash flows from investing activities:
Payments for property, plant and equipment	—			(90,387		)	—			(90,387		)
Proceeds from sale of fixed assets	—			8,526			—			8,526
Net cash used in investing activities— continuing operations	—			(81,861		)	—			(81,861		)
Net cash provided by (used in) investing activities — discontinued operations	1,441,322			—			(37,828		)	1,403,494
Net cash provided by (used in) investing activities	1,441,322			(81,861		)	(37,828		)	1,321,633
Cash flows from financing activities:
Repayments of debt	(1,027,196		)	—			—			(1,027,196		)
Proceeds from senior secured revolver	696,000			—			—			696,000
Payments for senior secured revolver	(961,000		)	—			—			(961,000		)
Proceeds from receivables-backed facility	—			—			478,000			478,000
Payments for receivables-backed facility	—			—			(478,000		)	(478,000		)
Proceeds from short-term credit facilities	626,750			—			—			626,750
Payments for short-term credit facilities	(37,521		)	—			—			(37,521		)
Payment of financing costs	(6,197		)	—			—			(6,197		)
Issuance of common stock, net of share repurchases for withholding taxes	17,638			—			—			17,638
Tax savings on share-based compensation	2,139			—			—			2,139
Net change in intercompany balances	(2,610		)	30,661			(28,051		)	—
Net cash provided by (used in) financing activities— continuing operations	(691,997		)	30,661			(28,051		)	(689,387		)
Net cash used in financing activities — discontinued operations	—			—			(51,584		)	(51,584		)
Net cash provided by (used in) financing activities	(691,997		)	30,661			(79,635		)	(740,971		)
Effect of exchange rate changes on cash and cash equivalents	—			—			(216		)	(216		)
Increase in cash and cash equivalents	332,117			2,677			1,198			335,992
Cash and cash equivalents, beginning of period	15,242			—			9,415			24,657
Cash and cash equivalents, end of period	$	347,359		$	2,677		$	10,613		$	360,649

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6. Derivative Financial Instruments and Fair Value Measurements

Derivative Financial Instruments

Commodities — We are exposed to commodity price fluctuations, including milk, butterfat, sweeteners and other commodity costs used in the manufacturing, packaging and distribution of our products, such as natural gas, resin and diesel fuel. To secure adequate supplies of materials and bring greater stability to the cost of ingredients and their related manufacturing, packaging and distribution, we routinely enter into forward purchase contracts and other purchase arrangements with suppliers. Under the forward purchase contracts, we commit to purchasing agreed-upon quantities of ingredients and commodities at agreed-upon prices at specified future dates. The outstanding purchase commitment for these commodities at any point in time typically ranges from one month’s to one year’s anticipated requirements, depending on the ingredient or commodity. These contracts are considered normal purchases.

In addition to entering into forward purchase contracts, from time to time we may purchase over-the-counter contracts from our qualified banking partners or enter into exchange-traded commodity futures contracts for raw materials that are ingredients of our products or components of such ingredients. Effective January 1, 2014, we have de-designated all open commodity derivative positions that were previously designated as cash flow hedges. During the first quarter of 2014, we reclassified $0.2 million, net of tax, of hedging activity related to these commodities contracts from accumulated other comprehensive income into operating income. As of the de-designation date, all commodities contracts are now marked to market in our income statement at each reporting period and a derivative asset or liability is recorded on our balance sheet.

Although we may utilize forward purchase contracts and other instruments to mitigate the risks related to commodity price fluctuation, such strategies do not fully mitigate commodity price risk. Adverse movements in commodity prices over the terms of the contracts or instruments could decrease the economic benefits we derive from these strategies.

At September 30, 2014 and December 31, 2013, our derivatives recorded at fair value in our unaudited Condensed Consolidated Balance Sheets consisted of the following:

	Derivative Assets				Derivative Liabilities
	September 30, 2014		December 31, 2013		September 30, 2014		December 31, 2013
	(In thousands)
Derivatives Designated as Hedging Instruments
Commodities contracts — current(1)	$	—	$	714	$	—	$	204
Derivatives not Designated as Hedging Instruments
Commodities contracts — current(1)	369		255		467		114
Commodities contracts — non-current(2)	6		—		—		—
Total derivatives	$	375	$	969	$	467	$	318

(1) Derivative assets and liabilities that have settlement dates equal to or less than 12 months from the respective balance sheet date are included in other current assets and accounts payable and accrued expenses, respectively, in our unaudited Condensed Consolidated Balance Sheets.

(2) Derivative assets and liabilities that have settlement dates greater than 12 months from the respective balance sheet date are included in identifiable intangible and other assets, net and other long-term liabilities, respectively, in our unaudited Condensed Consolidated Balance Sheets.

Gains and losses on derivatives designated as cash flow hedges were reclassified from accumulated other comprehensive income to operating income for the three and nine months ended September 30, 2013 as follows (in thousands):

	Three Months Ended September 30, 2013		Nine Months Ended September 30, 2013
Losses on interest rate swap contracts(1)	$	—	$	94,832
Losses on commodities contracts(2)	288		544
Gains on foreign currency contracts(3)	—		(78		)

(1) Recorded in interest expense in our unaudited Condensed Consolidated Statements of Operations.

(2) Recorded in distribution expense or cost of sales, depending on commodity type, in our unaudited Condensed Consolidated Statements of Operations.

(3) Recorded in cost of sales in our unaudited Condensed Consolidated Statements of Operations.

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There was no material hedge ineffectiveness related to our commodities contracts designated as hedging instruments in the three and nine months ended September 30, 2013.

Interest Rates - We have historically entered into interest rate swap agreements that were designated as cash flow hedges against variable interest rate exposure on a portion of our debt, with the objective of minimizing the impact of interest rate fluctuations and stabilizing cash flows. These swap agreements provided hedges for interest on our senior secured credit facility by fixing the LIBOR component of interest rates specified in our prior credit facility at the interest rates specified in the interest rate swap agreements until the indicated expiration dates of these interest rate swap agreements. For the reasons described below, we no longer have any interest rate swaps outstanding.

As disclosed in Note 2, in January 2013, we completed the sale of Morningstar and used a portion of the proceeds to repay debt. As a result of these repayments, we determined that we no longer had sufficient levels of variable rate debt to support the $1 billion aggregate notional amount of interest rate hedges. Accordingly, in the first quarter of 2013, we terminated these interest rate swaps, and upon termination, we paid the counterparties $28.0 million based on the fair value of the swaps on that date. As we determined that the forecasted transactions hedged by these swaps were no longer probable, we reclassified total losses of $28.1 million ($17.3 million, net of tax) previously recorded in accumulated other comprehensive income to interest expense during the nine months ended September 30, 2013.

In connection with the WhiteWave IPO discussed in Note 2, in the fourth quarter of 2012, we novated certain of our then-outstanding interest rate swaps to WhiteWave. WhiteWave became the sole counterparty to the financial institutions under these swap agreements, and is directly responsible for any required future settlements, and the sole beneficiary of any future receipts of funds, pursuant to the terms of these swaps.

As of the novation date, these swaps were de-designated and subsequent changes in fair value were reflected in our unaudited Condensed Consolidated Statements of Operations, with a non-controlling interest adjustment for the 13.3% economic interest in WhiteWave that we did not own. Upon completion of the WhiteWave spin-off on May 23, 2013, we determined that the underlying hedged forecasted transactions related to these swaps were no longer probable; therefore, during the three months ended June 30, 2013, we reclassified total losses of $63.4 million ($38.9 million, net of tax) previously recorded in accumulated other comprehensive income associated with the swaps to earnings. This non-cash charge was recorded as a component of interest expense in our unaudited Condensed Consolidated Statements of Operations. See Note 9.

Fair Value Measurements

Fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or liability. As a basis for considering assumptions, we follow a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value as follows:

• Level 1 — Quoted prices for identical instruments in active markets.

• Level 2 — Quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active and model-derived valuations, in which all significant inputs are observable in active markets.

• Level 3 — Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.

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A summary of our derivative assets and liabilities measured at fair value on a recurring basis as of September 30, 2014 is as follows (in thousands):

	Fair Value as of September 30, 2014		Level 1		Level 2		Level 3
Asset — Commodities contracts	$	375	$	—	$	375	$	—
Liability — Commodities contracts	467		—		467		—

A summary of our derivative assets and liabilities measured at fair value on a recurring basis as of December 31, 2013 is as follows (in thousands):

	Fair Value as of December 31, 2013		Level 1		Level 2		Level 3
Asset — Commodities contracts	$	969	$	—	$	969	$	—
Liability — Commodities contracts	318		—		318		—

Due to their near-term maturities, the carrying amounts of accounts receivable and accounts payable are considered equivalent to fair value. In addition, because the interest rates on our senior secured credit facility, receivables-backed facility, and certain other debt are variable, their fair values approximate their carrying values.

The fair values of our Dean Foods Company senior notes and subsidiary senior notes were determined based on quoted market prices obtained through an external pricing source which derives its price valuations from daily marketplace transactions, with adjustments to reflect the spreads of benchmark bonds, credit risk and certain other variables. We have determined these fair values to be Level 2 measurements as all significant inputs into the quotes provided by our pricing source are observable in active markets. The following table presents the carrying values and fair values of our senior and subsidiary senior notes at September 30, 2014 and December 31, 2013:

	September 30, 2014				December 31, 2013
	Carrying Value		Fair Value		Carrying Value		Fair Value
	(In thousands)
Subsidiary senior notes due 2017	$	134,369	$	152,295	$	132,808	$	153,005
Dean Foods Company senior notes due 2016	475,757		506,545		475,579		527,378
Dean Foods Company senior notes due 2018	23,812		25,479		23,812		26,908

Additionally, we maintain a Supplemental Executive Retirement Plan (“SERP”), which is a nonqualified deferred compensation arrangement for our executive officers and other employees earning compensation in excess of the maximum compensation that can be taken into account with respect to our 401(k) plan. The SERP is designed to provide these employees with retirement benefits from us that are equivalent, as a percentage of total compensation, to the benefits provided to other employees. The assets related to this plan are primarily invested in money market and mutual funds and are held at fair value. We classify these assets as Level 2 as fair value can be corroborated based on quoted market prices for identical or similar instruments in markets that are not active. The following table presents a summary of the SERP assets measured at fair value on a recurring basis as of September 30, 2014 (in thousands):

	Total		Level 1		Level 2		Level 3
Money market	$	35	$	—	$	35	$	—
Mutual funds	1,956		—		1,956		—

The following table presents a summary of the SERP assets measured at fair value on a recurring basis as of December 31, 2013 (in thousands):

	Total		Level 1		Level 2		Level 3
Money market	$	5	$	—	$	5	$	—
Mutual funds	2,103		—		2,103		—

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7. Common Stock and Share-Based Compensation

Adoption of Cash Dividend Policy — In November 2013, we announced that our Board of Directors had adopted a cash dividend policy. Under the policy, holders of our common stock will receive dividends when and as declared by our Board of Directors. Pursuant to the policy, we expect to pay quarterly dividends with an initial quarterly dividend rate of $0.07 per share ($0.28 per share annually). Quarterly dividends of $0.07 per share, totaling approximately $6.5 million each, were paid in March, June and September of 2014. Our cash dividend policy is subject to modification, suspension or cancellation at any time.

Stock Repurchase Program — Since 1998, our Board of Directors has from time to time authorized the repurchase of our common stock up to an aggregate of $2.38 billion, excluding fees and commissions. We made no share repurchases during the three months ended September 30, 2014 and we repurchased 1,727,275 shares during the nine months ended September 30, 2014. We made no share repurchases during the three months or nine months ended September 30, 2013. As of September 30, 2014, $275.0 million was available for repurchases under this program (excluding fees and commissions). Our management is authorized to purchase shares from time to time through open market transactions at prevailing prices or in privately negotiated transactions, subject to market conditions and other factors. Shares, when repurchased, are retired.

Conversion of Equity Awards Outstanding at Spin-Off Date — At the date of the WhiteWave spin-off, in the second quarter of 2013, certain of our outstanding Dean Foods stock options and unvested restricted stock units held by WhiteWave employees and directors were converted to equivalent options or restricted stock units, as applicable, with respect to WhiteWave’s common stock. These modified awards otherwise retained substantially the same terms and conditions, including term and vesting provisions, as the existing Dean Foods Company equity awards had at the time of conversion. We did not incur any future compensation cost related to conversion of our outstanding Dean Foods Company stock options and restricted stock units held by WhiteWave employees and directors in connection with the WhiteWave spin-off.

Stock Options — The following table summarizes stock option activity during the nine months ended September 30, 2014:

	Options		Weighted Average Exercise Price		Weighted Average Contractual Life (Years)	Aggregate Intrinsic Value
Options outstanding at January 1, 2014	5,055,035		$	19.35
Granted	—		—
Forfeited and canceled	(501,716	)	20.90
Exercised	(524,498	)	14.21
Options outstanding at September 30, 2014	4,028,821		$	19.82	3.14	$	1,675,345
Options exercisable at September 30, 2014	3,920,761		$	20.07	3.02	$	1,413,501

We recognize share-based compensation expense for stock options ratably over the vesting period. The fair value of each option award is estimated on the date of grant using a Black-Scholes valuation model. During each of the nine months ended September 30, 2014 and 2013, there were no stock options granted.

Restricted Stock Units — The following table summarizes RSU activity during the nine months ended September 30, 2014:

	Employees			Directors (1)			Total
Stock units outstanding at January 1, 2014	680,017			96,273			776,290
Stock units issued	344,421			59,367			403,788
Shares issued upon vesting of stock units	(181,570		)	(42,281		)	(223,851		)
Stock units canceled or forfeited(2)	(183,102		)	(780		)	(183,882		)
Stock units outstanding at September 30, 2014	659,766			112,579			772,345
Weighted average grant date fair value	$	14.64		$	13.75		$	14.52

(1) Directors' stock units include Restricted Stock Awards ("RSAs"), which participate in declared dividends.

(2) Pursuant to the terms of our stock unit plans, employees have the option of forfeiting stock units to cover their minimum statutory tax withholding when shares are issued. Any stock units surrendered or canceled in satisfaction of participants’ tax withholding obligations are not available for future grants under the plans.

26

Phantom Shares — We grant phantom shares as part of our long-term incentive compensation program, which are similar to RSUs in that they are based on the price of our stock and vest ratably over a three-year period, but are cash-settled based upon the value of our stock at each vesting period. The fair value of the awards is remeasured at each reporting period. Compensation expense is recognized over the vesting period with a corresponding liability, which is recorded in accounts payable and accrued expenses in our unaudited Condensed Consolidated Balance Sheets. The following table summarizes the phantom share activity during the nine months ended September 30, 2014:

	Shares		Weighted Average Grant Date Fair Value
Outstanding at January 1, 2014	1,111,059		$	17.72
Granted	581,129		14.25
Converted/paid	(544,309	)	17.70
Forfeited	(87,691	)	16.76
Outstanding at September 30, 2014	1,060,188		$	15.91

Share-Based Compensation Expense — The following table summarizes the share-based compensation expense recognized during the three and nine months ended September 30, 2014 and 2013:

	Three Months Ended September 30					Nine Months Ended September 30
	2014		2013			2014		2013
	(In thousands)
Stock Options	$	75	$	418	(1)	$	338	$	6,347	(1)
Stock Units	892		1,467		(1)	3,279		4,010		(1)
Phantom Shares	585		1,626			3,185		6,747
Total	$	1,552	$	3,511		$	6,802	$	17,104

(1) The share-based compensation expense recorded during the three and nine months ended September 30, 2013 includes additional compensation expense of $0.2 million and $5.6 million, respectively, for stock options and $0.4 million and $0.7 million, respectively, for stock units related to the equity modification of share-based compensation pursuant to the WhiteWave spin-off described above.

Stock options, phantom shares and stock units held by employees do not currently participate in any dividends and accordingly, no expense attributed to dividends has been recorded.

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8. Earnings (Loss) Per Share

Basic earnings (loss) per share (“EPS”) is based on the weighted average number of common shares outstanding during each period. Diluted EPS is based on the weighted average number of common shares outstanding and the effect of all dilutive common stock equivalents outstanding during each period. Stock option conversions and stock units were not included in the computation of diluted loss per share for each of the three and nine months ended September 30, 2014, as we incurred a loss from continuing operations for these periods and any effect on loss per share would have been anti-dilutive. The following table reconciles the numerators and denominators used in the computations of both basic and diluted EPS:

	Three Months Ended September 30					Nine Months Ended September 30
	2014			2013		2014			2013
	(In thousands, except share data)
Basic earnings (loss) per share computation:
Numerator:
Income (loss) from continuing operations	$	(15,136	)	$	415,518	$	(25,891	)	$	362,721
Denominator:
Average common shares	93,797,183			94,164,101		93,916,848			93,533,631
Basic earnings (loss) per share from continuing operations	$	(0.16	)	$	4.41	$	(0.28	)	$	3.88
Diluted earnings (loss) per share computation:
Numerator:
Income (loss) from continuing operations	$	(15,136	)	$	415,518	$	(25,891	)	$	362,721
Denominator:
Average common shares — basic	93,797,183			94,164,101		93,916,848			93,533,631
Stock option conversion(1)	—			805,976		—			712,038
Stock units(2)	—			367,687		—			331,455
Average common shares — diluted	93,797,183			95,337,764		93,916,848			94,577,124
Diluted earnings (loss) per share from continuing operations	$	(0.16	)	$	4.35	$	(0.28	)	$	3.84
(1) Anti-dilutive common shares excluded	3,421,121			2,949,208		3,638,658			3,758,723
(2) Anti-dilutive stock units excluded	267,771			8,704		306,176			7,949

9. Accumulated Other Comprehensive Income (Loss)

The changes in accumulated other comprehensive income (loss) by component, net of tax, during the three months ended September 30, 2014 were as follows (in thousands):

	Changes in Cash Flow  Hedges			Pension and  Other Postretirement Benefits Items				Foreign  Currency Items			Total
Balance, June 30, 2014	$	118		$	(55,687	)		$	332		$	(55,237	)
Other comprehensive income (loss) before reclassifications	(16		)	1,857				(430		)	1,411
Amounts reclassified from accumulated other comprehensive loss	—			(927		)	(1)	—			(927		)
Net current-period other comprehensive income (loss)	(16		)	930				(430		)	484
Balance, September 30, 2014	$	102		$	(54,757	)		$	(98	)	$	(54,753	)

(1) The accumulated other comprehensive loss reclassification components are related to amortization of unrecognized actuarial losses and prior service costs, both of which are included in the computation of net periodic pension cost. See Note 10.

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The changes in accumulated other comprehensive income (loss) by component, net of tax, during the three months ended September 30, 2013 were as follows (in thousands):

	Changes in Cash Flow  Hedges				Pension and  Other Postretirement Benefits Items				Unrealized Gains/Losses  on Available-For-Sale Securities			Foreign  Currency Items			Total
Balance, June 30, 2013	$	(124	)		$	(99,358	)		$	385,552		$	(115	)	$	285,955
Other comprehensive income (loss) before reclassifications	162				4,108				30,231			(40		)	34,461
Amounts reclassified from accumulated other comprehensive income (loss)	176			(1)	(2,069		)	(2)	(415,783		)	—			(417,676		)
Net current-period other comprehensive income (loss)	338				2,039				(385,552		)	(40		)	(383,215		)
Balance, September 30, 2013	$	214			$	(97,319	)		$	—		$	(155	)	$	(97,260	)

(1) The accumulated other comprehensive loss reclassification components affect distribution expense or cost of sales, depending on the commodity type. See Note 6 and the additional details below.

(2) The accumulated other comprehensive loss reclassification components are related to amortization of unrecognized actuarial losses and prior service costs, both of which are included in the computation of net periodic pension cost. See Note 10.

As described more fully in Note 2, on July 25, 2013, we disposed of our investment in WhiteWave common stock through a tax-free debt-for-equity exchange. Prior to the disposition, our investment was recorded at fair value and classified as available-for-sale, with unrealized holding gains reported as a component of accumulated other comprehensive income. Immediately prior to the disposition, we recorded a final mark-to-market adjustment of $30.2 million, as shown in the table above, to reflect the $589.2 million value of the shares exchanged in the debt-for-equity exchange transaction. As a result of the disposition of our remaining investment in WhiteWave common stock, total unrealized holding gains of $415.8 million were reclassified from accumulated other comprehensive income to earnings during the three months ended September 30, 2013. The gain was recorded in the gain on disposition of WhiteWave common stock line item in our unaudited Condensed Consolidated Statements of Operations.

The changes in accumulated other comprehensive income (loss) by component, net of tax, during the nine months ended September 30, 2014 were as follows (in thousands):

	Changes in Cash Flow  Hedges				Pension and  Other Postretirement Benefits Items				Foreign  Currency Items			Total
Balance, December 31, 2013	$	423			$	(57,224	)		$	(389	)	$	(57,190	)
Other comprehensive income (loss) before reclassifications	(101		)		5,249				291			5,439
Amounts reclassified from accumulated other comprehensive loss	(220		)	(1)	(2,782		)	(2)	—			(3,002		)
Net current-period other comprehensive income (loss)	(321		)		2,467				291			2,437
Balance, September 30, 2014	$	102			$	(54,757	)		$	(98	)	$	(54,753	)

(1) The accumulated other comprehensive loss component is related to the hedging activity amount at December 31, 2013 that was reclassified to operating income as we de-designated our cash flow hedges. See Note 6.

(2) The accumulated other comprehensive loss reclassification components are related to amortization of unrecognized actuarial losses and prior service costs, both of which are included in the computation of net periodic pension cost. See Note 10.

29

The changes in accumulated other comprehensive income (loss) by component, net of tax, during the nine months ended September 30, 2013 were as follows (in thousands):

	Changes in Cash Flow  Hedges				Pension and  Other Postretirement Benefits Items				Foreign  Currency Items			Total			Non- controlling Interest
Balance, December 31, 2012	$	(58,452	)		$	(105,845	)		$	(22,287	)	$	(186,584	)	$	(3,683	)
Other comprehensive income (loss) before reclassifications	8				13,181				(9,159		)	4,030			(1,378		)
Amounts reclassified from accumulated other comprehensive income (loss)	58,476			(1)	(6,207		)	(2)	—			52,269			(6		)
Net current-period other comprehensive income (loss)	58,484				6,974				(9,159		)	56,299			(1,384		)
Spin-off of WhiteWave Foods	182				1,552				31,291			33,025			5,067
Balance, September 30, 2013	$	214			$	(97,319	)		$	(155	)	$	(97,260	)	$	—

(1) In January 2013, we terminated $1 billion aggregate notional amount of interest rate swaps with maturity dates in 2013 and 2016. As a result of these terminations, we reclassified total losses of $28.1 million ($17.3 million net of tax) previously recorded in accumulated other comprehensive income to earnings, as a component of interest expense. Additionally, upon completion of the WhiteWave spin-off in May 2013, we determined that the underlying hedged forecasted transactions related to the novated swaps were no longer probable; therefore, during the three months ended June 30, 2013, we reclassified total losses of $63.4 million ($38.9 million, net of tax) recorded in accumulated other comprehensive income associated with these swaps to earnings, as a component of interest expense. See Note 6 for further information regarding our interest rate swaps.

(2) The accumulated other comprehensive loss reclassification components are related to amortization of unrecognized actuarial losses and prior service costs, both of which are included in the computation of net periodic pension cost. See Note 10.

As described in Note 2, during the nine months ended September 30, 2013, we recorded in accumulated other comprehensive income, and subsequently reclassified to earnings, unrealized holding gains totaling $415.8 million related to our investment in WhiteWave common stock, which we disposed of on July 25, 2013. The gain was recorded in the gain on disposition of WhiteWave common stock line item in our unaudited Condensed Consolidated Statements of Operations.

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10. Employee Retirement and Postretirement Benefits

We sponsor various defined benefit and defined contribution retirement plans, including various employee savings and profit sharing plans, and contribute to various multiemployer pension plans on behalf of our employees. Substantially all full-time union and non-union employees who have completed one or more years of service and have met other requirements pursuant to the plans are eligible to participate in one or more of these plans.

Defined Benefit Plans — The benefits under our defined benefit plans are based on years of service and employee compensation. The following table sets forth the components of net periodic benefit cost for our defined benefit plans during the three and nine months ended September 30, 2014 and 2013:

	Three Months Ended September 30						Nine Months Ended September 30
	2014			2013			2014			2013
	(In thousands)
Components of net periodic benefit cost:
Service cost	$	770		$	923		$	2,310		$	2,769
Interest cost	3,495			3,128			10,485			9,384
Expected return on plan assets	(4,690		)	(4,633		)	(14,070		)	(13,899		)
Amortizations:
Prior service cost	197			198			591			594
Unrecognized net loss	1,276			3,098			3,828			9,294
Net periodic benefit cost	$	1,048		$	2,714		$	3,144		$	8,142

Postretirement Benefits — Certain of our subsidiaries provide health care benefits to certain retirees who are covered under specific group contracts. The following table sets forth the components of net periodic benefit cost for our postretirement benefit plans during the three and nine months ended September 30, 2014 and 2013:

	Three Months Ended September 30				Nine Months Ended September 30
	2014		2013		2014		2013
	(In thousands)
Components of net periodic benefit cost:
Service cost	$	206	$	204	$	618	$	612
Interest cost	416		306		1,248		918
Amortizations:
Prior service cost	16		6		48		18
Unrecognized net loss	19		75		57		225
Net periodic benefit cost	$	657	$	591	$	1,971	$	1,773

11. Asset Impairment Charges and Facility Closing and Reorganization Costs

Asset Impairment Charges

We evaluate our long-lived assets for impairment when circumstances indicate that the carrying value may not be recoverable. Indicators of impairment could include, among other factors, significant changes in the business environment or the planned closure of a facility. Considerable management judgment is necessary to evaluate the impact of operating changes and to estimate future cash flows. As a result of certain changes to our business and plans for consolidating our production network, we evaluated the impact that we expect these changes to have on our projected future cash flows as of September 30, 2014.

Testing the assets for recoverability involved developing estimates of future cash flows directly associated with, and that are expected to arise as a direct result of, the use and eventual disposition of the assets. The inputs for the fair value calculations were based on assessment of an individual asset’s alternative use within other production facilities, evaluation of recent market data and historical liquidation sales values for similar assets. As the inputs into these calculations are largely based on management’s judgments and are not generally observable in active markets, we consider such measurements to be Level 3 measurements in the fair value hierarchy. See Note 6.

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The results of our analysis indicated an impairment of our plant, property and equipment of $7.4 million, which we recorded in the third quarter of 2014, due to changes in our expectations regarding estimated future cash flows at one of our production facilities. During the three and nine months ended September 30, 2013, we recorded impairment of our plant, property and equipment of $4.4 million and $35.5 million, respectively, in addition to impairment related to certain intangible assets of approximately $6.4 million during the nine months ended September 30, 2013. All of these charges were recorded in the impairment of long-lived assets line item in our unaudited Condensed Consolidated Statements of Operations. We can provide no assurance that we will not have impairment charges in future periods as a result of changes in our business environment, operating results or the assumptions and estimates utilized in our impairment tests.

Facility Closing and Reorganization Costs

Approved plans within our multi-year initiatives and related charges are summarized as follows:

	Three Months Ended September 30				Nine Months Ended September 30
	2014		2013		2014		2013
	(In thousands)
Closure of Facilities(1)	$	2,805	$	6,667	$	4,510	$	11,842
Functional Realignment(2)	—		186		—		704
Field and Functional Reorganization (3)	—		415		—		5,266
Other	—		—		—		5
Total	$	2,805	$	7,268	$	4,510	$	17,817

(1) These charges in 2014 and 2013 primarily relate to facility closures in Riverside, California; Delta, Colorado; Denver, Colorado; Dallas, Texas; Waco, Texas; Springfield, Virginia; Buena Park, California; Evart, Michigan; Bangor, Maine; Shreveport, Louisiana; and Mendon, Massachusetts; as well as other approved closures. We have incurred $42.7 million of charges related to these initiatives to date. We expect to incur additional charges related to these facility closures of approximately $3.7 million related to contract termination, shutdown and other costs. As we continue the evaluation of our supply chain and distribution network, as well as our accelerated cost reduction efforts, it is likely that we will close additional facilities in the future.

(2) The Functional Realignment initiative was focused on aligning key functions within our legacy Fresh Dairy Direct operations under a single leadership team and permanently removing certain costs from the organization. We have incurred total charges of approximately $33.1 million under this initiative as of September 30, 2013, and we do not expect to incur any material future charges related to this plan.

(3) The Field and Functional Reorganization initiative streamlined the leadership structure and has enabled faster decision-making and created enhanced opportunities to strategically build our business. We have incurred total charges of $11.3 million under this plan as of September 30, 2013, all of which were associated with headcount reductions. We do not currently anticipate incurring any material charges under this plan going forward.

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Activity with respect to facility closing and reorganization costs during the nine months ended September 30, 2014 is summarized below and includes items expensed as incurred:

	Accrued Charges at December 31, 2013		Charges and Adjustments			Payments			Accrued Charges at September 30, 2014
	(In thousands)
Cash charges:
Workforce reduction costs	$	9,028	$	(1,916	)	$	(4,519	)	$	2,593
Shutdown costs	—		3,366			(3,366		)	—
Lease obligations after shutdown	8,361		359			(1,504		)	7,216
Other	—		401			(401		)	—
Subtotal	$	17,389	2,210			$	(9,790	)	$	9,809
Noncash charges:
Write-down of assets (1)			1,631
Other, net			669
Total charges			$	4,510

(1) The write-down of assets relates primarily to owned buildings, land and equipment of those facilities identified for closure. The assets were tested for recoverability at the time the decision to close the facilities was more likely than not to occur. Our methodology for testing the recoverability of the assets is consistent with the methodology described in the "Asset Impairment Charges" section above.

12. Commitments and Contingencies

Contingent Obligations Related to Divested Operations — We have divested certain businesses in recent years. In each case, we have retained certain known contingent obligations related to those businesses and/or assumed an obligation to indemnify the purchasers of the businesses for certain unknown contingent liabilities, including environmental liabilities. We believe that we have established adequate reserves, which are immaterial to the unaudited Condensed Consolidated Financial Statements, for potential liabilities and indemnifications related to our divested businesses. Moreover, we do not expect any liability that we may have for these retained liabilities, or any indemnification liability, to materially exceed amounts accrued.

Contingent Obligations Related to Milk Supply Arrangements — In connection with our acquisition of Legacy Dean, we purchased Dairy Farmers of America’s (“DFA”) 33.8% interest in our operations in 2001. In connection with that transaction, we issued a contingent, subordinated promissory note to DFA in the original principal amount of $40 million. The promissory note has a 20-year term and bears interest based on the consumer price index. Interest will not be paid in cash but will be added to the principal amount of the note annually, up to a maximum principal amount of $96 million. We may prepay the note in whole or in part at any time, without penalty. The note will only become payable if we materially breach or terminate one of our related milk supply agreements with DFA without renewal or replacement. Otherwise, the note will expire in 2021, without any obligation to pay any portion of the principal or interest. Payments made under the note, if any, would be expensed as incurred. We have not terminated, and we have not materially breached, any of our milk supply agreements with DFA related to the promissory note. We have previously terminated unrelated supply agreements with respect to several plants that were supplied by DFA. In connection with our goals of accelerated cost control and increased supply chain efficiency, we continue to evaluate our sources of raw milk supply.

Insurance — We use a combination of insurance and self-insurance for a number of risks, including property, workers’ compensation, general liability, automobile liability, product liability and employee health care utilizing high deductibles. Deductibles vary due to insurance market conditions and risk. Liabilities associated with these risks are estimated considering historical claims experience and other actuarial assumptions. Based on current information, we believe that we have established adequate reserves to cover these claims.

Lease and Purchase Obligations — We lease certain property, plant and equipment used in our operations under both capital and operating lease agreements. Such leases, which are primarily for machinery, equipment and vehicles, have lease terms ranging from one to 20 years. We had an immaterial amount of capital lease obligations as of September 30, 2014 and December 31, 2013. Certain of the operating lease agreements require the payment of additional rentals for maintenance, along with additional rentals based on miles driven or units produced. Certain leases require us to guarantee a minimum value of the leased asset at the end of the lease. Our maximum exposure under those guarantees is not a material amount.

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We have entered into various contracts, in the normal course of business, obligating us to purchase minimum quantities of raw materials used in our production and distribution processes, including conventional raw milk, diesel fuel, sugar and other ingredients that are inputs into our finished products. We enter into these contracts from time to time to ensure a sufficient supply of raw ingredients. In addition, we have contractual obligations to purchase various services that are part of our production process.

Litigation, Investigations and Audits

Tennessee Retailer and Indirect Purchaser Actions

A putative class action antitrust complaint (the “retailer action”) was filed on August 9, 2007 in the United States District Court for the Eastern District of Tennessee. Plaintiffs allege generally that we, either acting alone or in conjunction with others in the milk industry who are also defendants in the retailer action, lessened competition in the Southeastern United States for the sale of processed fluid Grade A milk to retail outlets and other customers, and that the defendants’ conduct also artificially inflated wholesale prices for direct milk purchasers. Defendants’ motion for summary judgment in the retailer action was granted in part and denied in part in August 2010. Defendants filed a motion for reconsideration, and renewed their request for summary judgment in September 2010. In March 2012, the Court granted summary judgment in favor of defendants as to all remaining counts and entered judgment in favor of all defendants, including the Company. Plaintiffs appealed the court’s decision in April 2012. Briefing on the appeal was completed in April 2013, and oral argument occurred in July 2013. In January 2014, the appeals court reversed the judgment for the defendants, including the Company, on one of the original five counts in the Tennessee retailer action. In February 2014, the Company requested that the Sixth Circuit Court of Appeals consider its decision en banc; the Sixth Circuit declined to do so. The Sixth Circuit returned the case to the trial court for further proceedings. The Company filed a petition to the U.S. Supreme Court for review of the case on August 1, 2014. The parties have agreed to defer further proceedings in the trial court until there is a determination by the Supreme Court whether to review the decision of the Court of Appeals.

On June 29, 2009, another putative class action lawsuit was filed in the Eastern District of Tennessee, Greeneville Division, on behalf of indirect purchasers of processed fluid Grade A milk (the “indirect purchaser action”). The allegations in this complaint are similar to those in the retailer action, but primarily involve state law claims. Because the allegations in the indirect purchaser action substantially overlap with the allegations in the retailer action, the Court granted the parties’ joint motion to stay all proceedings in the indirect purchaser action pending the outcome of the summary judgment motions in the retailer action. On August 16, 2012, the indirect purchaser plaintiffs voluntarily dismissed their lawsuit. On January 17, 2013, these same plaintiffs filed a new lawsuit in the Eastern District of Tennessee, Greeneville Division, on behalf of a putative class of indirect purchasers of processed fluid Grade A milk (the “2013 indirect purchaser action”). The allegations are similar to those in the voluntarily dismissed indirect purchaser action, but involve only claims arising under Tennessee law. The Company filed a motion to dismiss on April 30, 2013. On June 14, 2013, the indirect purchaser plaintiffs responded to the Company’s motion to dismiss and filed an amended complaint. On July 1, 2013, the Company filed a motion to dismiss the amended complaint. Briefing on the motion to dismiss was completed on August 15, 2013. On September 11, 2014, the Court granted in part and denied in part the motion to dismiss. The Court granted the motion to dismiss the non-Tennessee plaintiffs’ claims. The Company filed its answer to the surviving claims on October 15, 2014.

At this time, it is not possible for us to predict the ultimate outcome of these matters.

In addition to the pending legal proceedings set forth above, we are party from time to time to certain claims, litigations, audits and investigations. Potential liabilities associated with these other matters are not expected to have a material adverse impact on our financial position, results of operations or cash flows.

Other

We have settled with substantially all states in regards to our obligations under state unclaimed property laws, the results of which did not have a material adverse impact on our financial position, results of operations or cash flows.

13. Segment, Geographic and Customers Information

We operate as a single reportable segment in manufacturing, marketing, selling and distributing a wide variety of branded and private label dairy case products. We operate 68 manufacturing facilities geographically located largely based on local and regional customer needs and other market factors. We manufacture, market and distribute a wide variety of branded and private label dairy case products, including milk, ice cream, cultured dairy products, creamers, ice cream mix and other dairy products to retailers, distributors, foodservice outlets, educational institutions and governmental entities across the United

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States. Our products are primarily delivered through what we believe to be one of the most extensive refrigerated direct store delivery (“DSD”) systems in the United States. Our Chief Executive Officer evaluates the performance of our business based on sales and operating income or loss before gains and losses on the sale of businesses, facility closing and reorganization costs, litigation settlements, impairments of long-lived assets and other non-recurring gains and losses.

In connection with the WhiteWave separation in 2013, all segment results herein have been recast and present results on a comparable basis under a single reportable segment.

Geographic Information — Net sales related to our foreign operations comprised less than 1% of our consolidated net sales during the three and nine months ended September 30, 2014 and 2013. None of our long-lived assets are associated with our foreign operations.

Significant Customers — Our largest customer accounted for approximately 16% and 17% of our consolidated net sales in the three months ended September 30, 2014 and 2013, respectively, and approximately 16% and 19% of our consolidated net sales in the nine months ended September 30, 2014 and 2013.

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Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

Cautionary Statement Regarding Forward-Looking Statements

This Quarterly Report on Form 10-Q (this “Form 10-Q”) contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which are subject to risks, uncertainties and assumptions that are difficult to predict. Forward-looking statements are predictions based on our current expectations and our projections about future events, and are not statements of historical fact. Forward-looking statements include statements concerning our business strategy, among other things, including anticipated trends and developments in, and management plans for, our business and the markets in which we operate. In some cases, you can identify these statements by forward-looking words, such as “estimate,” “expect,” “anticipate,” “project,” “plan,” “intend,” “believe,” “forecast,” “foresee,” “likely,” “may,” “should,” “goal,” “target,” “might,” “will,” “could,” “predict,” and “continue,” the negative or plural of these words and other comparable terminology. All forward-looking statements included in this Form 10-Q are based upon information available to us as of the filing date of this Form 10-Q, and we undertake no obligation to update any of these forward-looking statements for any reason. You should not place undue reliance on these forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from those expressed or implied by these statements. These factors include the matters discussed in “Part I — Item 1A — Risk Factors” in our 2013 Annual Report on Form 10-K, in “Part II — Other Information — Item 1A — Risk Factors” below, and elsewhere in this Form 10-Q. You should carefully consider the risks and uncertainties described under these sections.

Business Overview

We are a leading food and beverage company and the largest processor and direct-to-store distributor of fluid milk and other dairy and dairy case products in the United States, with a vision to be the most admired and trusted provider of wholesome, great-tasting dairy products at every occasion. As we continue to evaluate and seek to maximize the value of our national operational network and our leading brands and product offerings, we have aligned our leadership team, operating strategy, and sales, logistics and supply chain initiatives into a single operating and reportable segment.

We manufacture, market and distribute a wide variety of branded and private label dairy case products, including fluid milk, ice cream, cultured dairy products, creamers, ice cream mix and other dairy products to retailers, distributors, foodservice outlets, educational institutions and governmental entities across the United States. Our portfolio includes TruMoo^®, a leading national flavored milk brand, along with well-known regional dairy brands such as Alta Dena ^®, Berkeley Farms ^®, Country Fresh ^®, Dean’s ^®, Garelick Farms ^®, LAND O LAKES ^® milk and cultured products (licensed brand), Lehigh Valley Dairy Farms ^®, Mayfield ^®, McArthur ^®, Meadow Gold ^®, Oak Farms ^®, PET ^® (licensed brand), T.G. Lee ^®, Tuscan ^® and more. In all, we have more than 50 local and regional dairy brands and private labels. Due to the perishable nature of our products, we deliver the majority of our products directly to our customers’ locations in refrigerated trucks or trailers that we own or lease. We believe that we have one of the most extensive refrigerated direct store delivery (“DSD”) systems in the United States. Our products are sold primarily on a local or regional basis through local and regional sales forces, although some national customer relationships are coordinated by a centralized corporate sales department.

Return of Capital Strategies

In connection with our ongoing efforts to maximize shareholder value, strategies designed to return capital to our shareholders have been implemented as described below.

Adoption of Cash Dividend Policy — In November 2013, we announced that our Board of Directors had adopted a cash dividend policy. Under the policy, holders of our common stock will receive dividends when and as declared by our Board of Directors. Pursuant to the policy, we expect to pay quarterly dividends with an initial quarterly dividend rate of $0.07 per share ($0.28 per share annually). Quarterly dividends of $0.07 per share, totaling approximately $6.5 million each, were paid in March, June and September of 2014. Our cash dividend policy is subject to modification, suspension or cancellation at any time.

Stock Repurchase Program — Since 1998, our Board of Directors has from time to time authorized the repurchase of our common stock up to an aggregate of $2.38 billion, excluding fees and commissions. We made no share repurchases during the three months ended September 30, 2014 and we repurchased 1,727,275 shares during the nine months ended September 30, 2014. We made no share repurchases during the three months or nine months ended September 30, 2013. As of September 30, 2014, $275.0 million was available for repurchases under this program (excluding fees and commissions). Our management is authorized to purchase shares from time to time through open market transactions at prevailing prices or in privately negotiated transactions, subject to market conditions and other factors. Shares, when repurchased, are retired. We will

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continue to evaluate opportunities for share repurchases in a strategic manner as a mechanism for generating additional shareholder value.

Strategic Activities

WhiteWave Separation — We separated The WhiteWave Foods Company ("WhiteWave") from the Company in a series of three transactions: an initial public offering for 13.3% of the WhiteWave common stock in the fourth quarter of 2012; a tax-free spin-off of 66.8% of the WhiteWave common stock in the second quarter of 2013; and a tax-free debt-for-equity exchange of 19.9% of the WhiteWave common stock in the third quarter of 2013 (the "WhiteWave Separation").

During the three months ended September 30, 2013, as a result of the tax-free disposition of our 19.9% investment in WhiteWave common stock, we recorded a gain in continuing operations of $415.8 million, which included $385.6 million of unrealized holding gains that were previously recorded as a component of accumulated other comprehensive income in the second quarter of 2013. The gain was recorded in the gain on disposition of WhiteWave common stock line item in our unaudited Condensed Consolidated Statements of Operations. See Note 2 to our unaudited Condensed Consolidated Financial Statements for further information regarding the WhiteWave Separation.

Divestiture of Morningstar Foods — In January 2013, we completed the sale of Morningstar Foods ("Morningstar") to a third party for net proceeds of approximately $1.45 billion. We recorded a gain of $871.3 million ($492.1 million, net of tax) on the sale of Morningstar in the first quarter of 2013.

Recent Developments

Retail, Customer and Commodity Environment — Increasing and record-high dairy commodity costs in 2014 continue to create one of the most difficult operating environments in the history of our company. Record-high raw milk costs and resulting increases in retail prices have created volume softness throughout the industry. In addition, we have experienced increased pressure on our margins, especially on our branded white milk products, as pricing at retail was pressured by both price gap and price threshold considerations. At these unprecedented commodity price levels, our pricing pass-through mechanisms are not entirely efficient and, particularly for our branded products, we have been unwilling or unable to increase our prices commensurate with the higher cost of raw milk, which in turn has negatively impacted our net sales and gross profit. In addition, we continue to experience higher costs associated with route returns, route losses and other forms of shrink associated with the higher raw milk costs.

Class I raw milk prices continue to be at unprecedented levels in their duration and in absolute terms. Class I raw milk prices have increased 12 of the last 15 months and every month's average price since February 2014 has exceeded the previous all-time record high of $21.91 in September 2007. Class I raw milk prices were approximately 24% higher during the third quarter of 2014 versus the third quarter of 2013 and were sequentially flat compared to the prior quarter. As Class I raw milk prices continued to move higher, the "margin over milk", or the spread between the Class I mover and the retail price of private label gallons, compressed to $1.39 per gallon in the third quarter of 2014, which was relatively flat to $1.40 per gallon in the previous quarter but significantly lower than historical trends. The margin over milk was closer to normalized levels at $1.52 per gallon in the third quarter of 2013.

In addition to record-high Class I raw milk costs, we have been challenged by the increase of butterfat prices, pressuring our margins across our Class II product offerings, such as our ice cream, half and half, heavy whipping cream and cultured products. Average Chicago Mercantile Exchange ("CME") butter prices increased 82% during the third quarter of 2014 versus the prior year to $2.68. CME butter prices have increased every month this year, peaking at an all-time high of $3.06 per pound in late September. Sustained month over month Class II commodity price increases, like we have experienced throughout 2014, have created a pricing lag effect that makes it difficult to effectively pass through rising costs fast enough to mitigate sustained inflation across our Class II product set.

The fluid milk industry remains highly competitive. Fluid milk category volumes remained soft, and overall category volume declines have continued beyond the historical trajectory of the category. We believe our fluid milk volumes continue to outperform the overall product category and the velocity of our fluid milk volume declines has begun to subside during the third quarter of 2014. Our volumes were impacted by the loss of a portion of our private label business with a significant customer in 2013. The impact of this loss began to be reflected in the second quarter of 2013, and the transition of volumes was largely completed in the third quarter of 2013. The lost volumes were primarily related to low-margin, private label fluid milk business and were the result of the renegotiation of certain regional supply arrangements that, going forward, will be subject to renewal over various time frames. Our total volumes declined 2% in the third quarter of 2014 compared to the same period in the prior year as we began to overlap the RFP-driven volume losses. In terms of our branded versus private-label mix, we ended the third quarter of 2014 just under approximately 36% in branded volumes. Since the third quarter of

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2013, when raw milk costs began their steady climb, our brand mix has declined approximately 1%. This trade down to private label fluid milk from branded products represents a continuing headwind for our business.

We remain committed to continuing to improve our operating performance, sustaining strong positive cash flow and generating shareholder value. During the fourth quarter of 2014, we will continue to emphasize price realization, cost productivity and volume at margins that deliver an appropriate return, in an effort to improve our operating results. We believe the market continues to be difficult with several factors beyond our control continuing to impact our earnings progression. The fluid milk category continues to show weakness with declining industry volumes. Soft volumes, coupled with ongoing historically high raw milk cost inflation and compressed margins over milk, negate some of the impact of our cost reduction efforts and make it harder to deliver those cost savings to the bottom line. This year has been one of the most difficult periods in our history. We expect the trend of record high raw milk prices to continue in the fourth quarter of 2014, with raw milk prices remaining at levels among the all-time highest quarterly averages. However, we do not believe that the record high raw milk prices in 2014 are the normalized trend for the longer-term trajectory, and we expect domestic raw milk costs to moderate as we exit 2014 and move into 2015. Industry volumes remain soft and we expect our Q4 volumes to be down low single digits, as compared to prior year, but with a continued improvement in net price realization. We expect to continue to drive improved efficiency and capability across the organization with a view toward positioning ourselves for long-term success.

Facility Closing and Reorganization Activities — As a result of certain changes to our business, including the loss of a portion of a significant customer's private label volume in 2013, we accelerated our plans for consolidating our production network, and, as of September 2014, we have closed twelve of our production facilities. In addition we have continued to evaluate the impact we expected these changes to have on projected future cash flows of the business. This analysis identified indicators of impairment at certain of our production facilities and we were therefore required to test the assets at those facilities for recoverability. The results of our analysis indicated an impairment of our plant, property and equipment of $7.4 million, which we recorded in the third quarter of 2014, due to changes in our expectations regarding estimated future cash flows at one of our production facilities. Having completed our accelerated plant closures over the past 18 to 24 months, we expect to return to our normal optimization activities. See Note 11 to our unaudited Condensed Consolidated Financial Statements for more information regarding our facility closing and reorganization activities.

Results of Operations

Our key performance indicators are volume performance, brand mix and achieving low cost, which are realized within net sales, gross profit and operating income, respectively. We evaluate our financial performance based on sales and operating profit or loss before gains and losses on the sale of businesses, facility closing and reorganization costs, asset impairment charges, litigation settlements and other nonrecurring gains and losses. The following table presents certain information concerning our financial results, including information presented as a percentage of net sales:

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	Three Months Ended September 30									Nine Months Ended September 30
	2014					2013				2014					2013
	Dollars			Percent		Dollars		Percent		Dollars			Percent		Dollars			Percent
	(Dollars in millions)
Net sales	$	2,373.3		100.0	%	$	2,200.9	100.0	%	$	7,108.2		100.0	%	$	6,720.9		100.0	%
Cost of sales	1,956.5			82.4		1,759.6		79.9		5,876.1			82.7		5,312.1			79.0
Gross profit(1)	416.8			17.6		441.3		20.1		1,232.1			17.3		1,408.8			21.0
Operating costs and expenses:
Selling and distribution	337.3			14.2		333.4		15.2		1,011.7			14.2		1,005.1			15.0
General and administrative	69.8			2.9		72.3		3.3		212.7			3.0		243.6			3.6
Amortization of intangibles	0.7			—		0.9		—		2.2			—		2.8			—
Facility closing and reorganization costs	2.8			0.1		7.3		0.3		4.5			0.1		17.8			0.3
Litigation settlements	—			—		—		—		(2.5		)	—		(1.0		)	—
Impairment of long-lived assets	7.4			0.3		4.4		0.2		7.4			0.1		41.9			0.6
Other operating (income) loss	—			—		0.3		—		(4.5		)	(0.1	)	2.5			—
Total operating costs and expenses	418.0			17.6		418.6		19.0		1,231.5			17.3		1,312.7			19.5
Operating income (loss)	$	(1.2	)	(0.1	)%	$	22.7	1.1	%	$	0.6		—	%	$	96.1		1.5	%

(1) As disclosed in Note 1 to the Consolidated Financial Statements in our 2013 Annual Report on Form 10-K, we include certain shipping and handling costs within selling and distribution expense. As a result, our gross profit may not be comparable to other entities that present all shipping and handling costs as a component of cost of sales.

Quarter Ended September 30, 2014 Compared to Quarter Ended September 30, 2013

Net Sales — The change in net sales was due to the following:

	Three Months Ended  September 30, 2014 vs. 2013
	(In millions)
Volume	$	(38.1	)
Pricing and product mix changes	210.5
Total increase	$	172.4

Net sales increased $172.4 million, or 7.8%, during the third quarter of 2014 as compared to the third quarter of 2013, primarily due to increased pricing as a result of the pass-through of higher dairy commodity costs. On average, during the third quarter of 2014, the Class I raw milk price was approximately 24% above prior-year levels. At these unprecedented commodity levels, our pricing pass-through mechanisms are not entirely efficient and, particularly for our branded products, we have been unwilling or unable to increase our prices commensurate with the higher cost of raw milk, which in turn has negatively impacted our net sales. Commodity-driven sales increases were partially offset by a decrease in fluid milk volumes, which accounted for approximately 76% of our total sales volume, as well as volume declines in our ice cream products. Our fluid milk volume declines were driven by increasing fluid milk category weakness, particularly impacting our branded portfolio and the partial loss of private label business with a significant customer.

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We generally increase or decrease the prices of our fluid dairy products on a monthly basis in correlation with fluctuations in the costs of raw materials, packaging supplies and delivery costs. However, in some cases, we are competitively or contractually constrained with respect to the means and/or timing of price increases. This can have a negative impact on our profitability. The following table sets forth the average monthly Class I “mover” and its components, as well as the average monthly Class II minimum prices for raw skim milk and butterfat for the third quarter of 2014 in comparison to the third quarter of 2013:

	Three Months Ended September 30*
	2014		2013		% Change
Class I mover(1)	$	23.51	$	18.98	23.9	%
Class I raw skim milk mover(1)(2)	14.93		13.84		7.9
Class I butterfat mover(2)(3)	2.60		1.61		61.5
Class II raw skim milk minimum(1)(4)	15.63		14.54		7.5
Class II butterfat minimum(3)(4)	2.92		1.54		89.6

* The prices noted in this table are not the prices that we actually pay. The federal order minimum prices applicable at any given location for Class I raw skim milk or Class I butterfat are based on the Class I mover prices plus a location differential. Class II prices noted in the table are federal minimum prices, applicable at all locations. Our actual cost also includes producer premiums, procurement costs and other related charges that vary by location and supplier. Please see “Part I — Item 1. Business — Government Regulation — Milk Industry Regulation” in our 2013 Annual Report on Form 10-K and “— Known Trends and Uncertainties — Prices of Conventional Raw Milk and Other Inputs” below for a more complete description of raw milk pricing.

(1) Prices are per hundredweight.

(2) We process Class I raw skim milk and butterfat into fluid milk products.

(3) Prices are per pound.

(4) We process Class II raw skim milk and butterfat into products such as cottage cheese, creams and creamers, ice cream and sour cream.

Cost of Sales — All expenses incurred to bring a product to completion are included in cost of sales, such as raw material, ingredient and packaging costs; labor costs; and plant and equipment costs. Cost of sales increased by 11.2% in the third quarter of 2014 compared to the third quarter of 2013, primarily due to increased dairy commodity costs. The Class I raw milk price was approximately 24% above prior year levels. This increase was partially offset by lower sales volumes and our cost and efficiency initiatives.

Gross Profit — Our gross profit percentage decreased to 17.6% in the third quarter of 2014 as compared to 20.1% in the third quarter of 2013. This decline was significantly impacted by the record-high dairy commodity costs environment. We believe at these unprecedented commodity levels, our pricing pass-through mechanisms are not entirely efficient, and particularly for our branded products, we have been unwilling or unable to increase our prices commensurate with the higher cost of raw milk, which in turn has negatively impacted our gross profit. In addition, despite the full impact of the lost volumes discussed above and the associated accelerated facility closure activity during 2014 and 2013, production cost declines lagged the decline in sales volumes, resulting in higher per unit costs and lower overall gross profit.

Operating Costs and Expenses — Operating costs and expenses were relatively flat in the third quarter of 2014 as compared to the third quarter of 2013. Significant changes within operating costs and expenses in the third quarter of 2014 include the following:

• General and administrative costs decreased $2.5 million primarily due to lower professional fees and transaction-related expenses.

• Selling and distribution costs increased $3.9 million primarily due to cost inefficiencies related to plant closure activity and increased personnel-related costs related to employee benefits, partially offset by the impact of lower sales volumes.

• Facility closing and reorganization costs decreased by $4.5 million. See Note 11 to our unaudited Condensed Consolidated Financial Statements.

• Impairment of long-lived assets increased by $3.0 million. See Note 11 to our unaudited Condensed Consolidated Financial Statements.

Our costs on a per-gallon basis continued to be negatively impacted by transitory costs associated with plant closings and loss of volumes. As our sales volumes have declined faster than benefits from our cost initiatives have been

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realized, our production and distribution assets have experienced increased deleverage offsetting some of our cost improvements and making it harder to deliver those cost savings to the bottom line.

Other (Income) Expense — Excluding the $415.8 million gain recorded during the third quarter of 2013 related to the disposition of our investment in WhiteWave common stock, which was completed on July 25, 2013, other (income) expense decreased by $15.4 million during the third quarter of 2014 as compared to the third quarter of 2013. Interest expense decreased by $15.0 million in the third quarter of 2014 compared to the third quarter of 2013 primarily due to significantly lower average debt balances from debt repayments with cash proceeds from transactions undertaken in 2013. See Note 2 to our unaudited Condensed Consolidated Financial Statements for further information regarding the WhiteWave Separation.

Income Taxes — Income tax benefit was recorded at an effective rate of 5.0% for the third quarter of 2014 compared to a (1.8)% effective tax rate for the third quarter of 2013. Generally, our effective tax rate varies primarily based on our profitability level and the relative earnings of our business units. In the third quarter of 2014, our effective tax rate was also impacted by the establishment of additional valuation allowances related to certain net operating loss carryforwards, a net reduction in income tax reserves, and a cumulative adjustment resulting from the revised estimate of our annual effective tax rate. Excluding these items, our effective tax benefit rate for the three months ended September 30, 2014 was 38.7%. Excluding the 2013 tax-free gain on the disposition of our investment in WhiteWave common stock as described above, our effective tax benefit rate for the three months ended September 30, 2013 was 96.0%, resulting from our negligible loss for the period exclusive of the tax-free gain.

Nine Months EndedSeptember 30, 2014 Compared to Nine Months EndedSeptember 30, 2013

Net Sales — The change in net sales was due to the following:

	Nine Months Ended September 30, 2014 vs. 2013
	(In millions)
Volume	$	(266.5	)
Pricing and product mix changes	653.8
Total increase	$	387.3

Net sales increased $387.3 million, or 5.8%, during the first nine months of 2014 as compared to the first nine months of 2013, primarily due to increased pricing as a result of the pass-through of higher dairy commodity costs. On average, during the first nine months of 2014, the Class I raw milk price was approximately 25% above prior-year levels. At these unprecedented commodity levels, our pricing pass-through mechanisms are not entirely efficient and, particularly for our branded products, we have been unwilling or unable to increase our prices commensurate with the higher cost of raw milk, which in turn has negatively impacted our net sales. Commodity-driven sales increases were partially offset by a decrease in fluid milk volumes, which accounted for approximately 77% of our total sales volume, as well as volume declines in our ice cream, cultured dairy and other products. Our fluid milk volume declines were driven by increasing fluid milk category weakness and the partial loss of private label business with a significant customer.

We generally increase or decrease the prices of our fluid dairy products on a monthly basis in correlation with fluctuations in the costs of raw materials, packaging supplies and delivery costs. However, in some cases, we are competitively or contractually constrained with respect to the means and/or timing of price increases. This can have a negative impact on our profitability. The following table sets forth the average monthly Class I “mover” and its components, as well as the average monthly Class II minimum prices for raw skim milk and butterfat for the first nine months of 2014 in comparison to the first nine months of 2013:

	Nine Months Ended September 30*
	2014		2013		% Change
Class I mover(1)	$	23.18	$	18.48	25.4	%
Class I raw skim milk mover(1)(2)	16.06		13.03		23.3
Class I butterfat mover(2)(3)	2.19		1.69		29.6
Class II raw skim milk minimum(1)(4)	16.58		13.55		22.4
Class II butterfat minimum(3)(4)	2.38		1.66		43.4

* The prices noted in this table are not the prices that we actually pay. The federal order minimum prices applicable at any given location for Class I raw skim milk or Class I butterfat are based on the Class I mover prices plus a

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location differential. Class II prices noted in the table are federal minimum prices, applicable at all locations. Our actual cost also includes producer premiums, procurement costs and other related charges that vary by location and supplier. Please see “Part I — Item 1. Business — Government Regulation — Milk Industry Regulation” in our 2013 Annual Report on Form 10-K and “— Known Trends and Uncertainties — Prices of Conventional Raw Milk and Other Inputs” below for a more complete description of raw milk pricing.

(1) Prices are per hundredweight.

(2) We process Class I raw skim milk and butterfat into fluid milk products.

(3) Prices are per pound.

(4) We process Class II raw skim milk and butterfat into products such as cottage cheese, creams and creamers, ice cream and sour cream.

Cost of Sales — All expenses incurred to bring a product to completion are included in cost of sales, such as raw material, ingredient and packaging costs; labor costs; and plant and equipment costs. Cost of sales increased by 10.6% in the first nine months of 2014 compared to the first nine months of 2013, primarily due to increased dairy commodity costs. This increase was partially offset by lower fluid milk volumes, lower personnel-related costs due to headcount reductions last year as well as other cost and efficiency initiatives.

Gross Profit — Our gross profit percentage decreased to 17.3% for the first nine months of 2014 as compared to 21.0% for the first nine months of 2013. This decline was significantly impacted by the record-high dairy commodity costs environment. We believe at these unprecedented commodity levels, our pricing pass-through mechanisms are not entirely efficient, and particularly for our branded products, we have been unwilling or unable to increase our prices commensurate with the higher cost of raw milk, which in turn has negatively impacted our gross profit. In addition, despite the full impact of the lost volumes discussed above and the associated accelerated facility closure activity during 2014 and 2013, production cost declines lagged the decline in volumes, resulting in higher per unit costs and lower overall gross profit.

Operating Costs and Expenses — Operating costs and expenses decreased by 6.2% in the first nine months of 2014 as compared to the first nine months of 2013. Significant changes to operating costs and expenses in the first nine months of 2014 include the following:

• General and administrative costs decreased $30.9 million primarily due to lower personnel-related costs, including share-based and incentive compensation, as a result of headcount reductions and operational performance below our targets.

• Selling and distribution costs increased $6.6 million primarily due to cost inefficiencies related to plant closure activity and increased personnel-related costs related to employee benefits, partially offset by lower sales volumes.

• Facility closing and reorganization costs decreased by $13.3 million. See Note 11 to our unaudited Condensed Consolidated Financial Statements.

• Impairment of long-lived assets decreased by $34.5 million. See Note 11 to our unaudited Condensed Consolidated Financial Statements.

Our costs on a per gallon basis continued to be negatively impacted by transitory costs associated with plant closings and loss of volumes. As our sales volumes have declined faster than benefits from our cost initiatives have been realized, our production and distribution assets have experienced increased deleverage offsetting some of our cost improvements and making it harder to deliver those cost savings to the bottom line.

Other (Income) Expense — Other (income) expense decreased $281.0 million during the first nine months of 2014 as compared to the first nine months of 2013 driven by the following prior year transactions:

• Gain of $415.8 million recorded during the third quarter of 2013 related to the disposition of our investment in WhiteWave stock, which was completed on July 25, 2013. See Note 2 to our unaudited Condensed Consolidated Financial Statements for further information regarding the WhiteWave Separation.

• Non-cash interest expense of $63.4 million and $28.1 million of interest expense recorded during the first nine months of 2013 related to the termination and novation of interest rate swaps, both of which are described more fully in Note 6 to our unaudited Condensed Consolidated Financial Statements.

Excluding these prior year transactions, interest expense decreased by $43.0 million to $45.5 million in the first nine months of 2014 compared to the first nine months of 2013. This decrease is primarily due to significantly lower average debt balances from debt repayments with cash proceeds from transactions undertaken in 2013.

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Income Taxes – Income tax benefit was recorded at an effective tax rate of 41.3% in the first nine months of 2014 compared to a (9.2)% effective tax rate in the first nine months of 2013. Generally, our effective tax rate varies primarily based on our profitability level and the relative earnings of our business units. In the first nine months of 2014, our effective tax rate was also impacted by settlements of various taxing authority examinations, several state tax law changes, the establishment of additional valuation allowances related to certain net operating loss carryforwards, and a cumulative tax adjustment resulting from the revised estimate of our annual effective tax rate. Excluding these items, our effective tax benefit rate for the nine months ended September 30, 2014 was 37.2%. Excluding the 2013 tax-free gain on the disposition of our investment in WhiteWave common stock as described above, our effective tax benefit rate for the nine months ended September 30, 2013 was 36.4%.

Liquidity and Capital Resources

We believe that our cash on hand coupled with future cash flows from operations and other available sources of liquidity, including our $750 million senior secured revolving credit facility and our amended $550 million receivables-backed facility, together will provide sufficient liquidity to allow us to meet our cash requirements in the next twelve months. Our anticipated uses of cash include capital expenditures; working capital; pension contributions; financial obligations, including tax payments; and certain other costs that may be necessary to execute our cost reduction initiatives. On an ongoing basis, we will evaluate and consider strategic acquisitions, divestitures, joint ventures, or other transactions to create shareholder value and enhance financial performance. As discussed below, we have also instituted a regular quarterly cash dividend policy and began repurchasing shares of our common stock opportunistically. Additionally, from time to time, we may repurchase our outstanding debt obligations in the open market or in privately negotiated transactions. Such transactions may require cash expenditures or generate proceeds.

Under our cash dividend policy, holders of our common stock will receive dividends when and as declared by our Board of Directors. Pursuant to the policy, we expect to pay quarterly dividends with an initial quarterly dividend rate of $0.07 per share ($0.28 per share annually). Quarterly dividends were paid, totaling approximately $6.5 million each, in March, June and September of 2014 and were funded using borrowings under both the receivables-backed facility and the senior secured credit facility. Our cash dividend policy is subject to modification, suspension or cancellation in any manner and at any time. Please see “—Return of Capital Strategies” above for additional details regarding the dividend policy.

Additionally, since 1998, our Board of Directors has from time to time authorized the repurchase of our common stock up to an aggregate of $2.38 billion, excluding fees and commissions. We made no share repurchases during the three months ended September 30, 2014 and we repurchased 1,727,275 shares during the nine months ended September 30, 2014 for $25.0 million. The repurchase was funded using borrowings under both the receivables-backed facility and the senior secured credit facility. We made no share repurchases during the three months or nine months ended September 30, 2013. As of September 30, 2014, $275.0 million was available for repurchases under this program (excluding fees and commissions). Management is authorized to purchase shares from time to time through open market transactions at prevailing prices or in privately negotiated transactions, subject to market conditions and other factors. Shares, when repurchased, are retired.

Subject to obtaining board approval, we intend to redeem the remaining senior notes due 2018 during the fourth quarter of 2014. The carrying value of these notes on September 30, 2014 was $23.8 million.

As of September 30, 2014, $10.7 million of our total cash on hand of $30.4 million was attributable to our foreignoperations. We are evaluating strategies and alternatives with respect to the cash attributable to our foreign operations. However, we believe that our existing sources of liquidity, as described more fully above, will enable us to meet our cash requirements for the next twelve months.

At September 30, 2014, we had $1.0 billion of outstanding debt obligations. We had total cash on hand of $30.4 million and an additional $0.7 billion of combined available future borrowing capacity under our senior secured credit facility and receivables-backed facility, subject to compliance with the covenants in our credit agreements. Based on our current expectations, we believe our liquidity and capital resources will be sufficient to operate our business. However, we may, from time to time, raise additional funds through borrowings or public or private sales of debt or equity securities. The amount, nature and timing of any borrowings or sales of debt or equity securities will depend on our operating performance and other circumstances; our then-current commitments and obligations; the amount, nature and timing of our capital requirements; any limitations imposed by our current credit arrangements; and overall market conditions.

Senior Secured Credit Facility — In July 2013, we executed a credit agreement pursuant to which the lenders provided us with a five-year senior secured revolving credit facility in the amount of up to $750 million. The credit agreement

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was amended in June 2014 and further amended in August 2014. Under the agreement, as amended, we have the right to request an increase of the aggregate commitment under the credit facility by, and to request incremental term loans or increased revolver commitments of, up to $500 million without the consent of any lenders not participating in such increase, subject to specified conditions. The senior secured credit facility is available for the issuance of up to $200 million of letters of credit and up to $150 million of swing line loans. The facility will terminate in July 2018.

Loans outstanding under the senior secured credit facility bear interest, at our election, at either the Adjusted LIBO Rate (as defined in the credit agreement) plus a margin of between 1.25% and 2.75% (2.50% as of September 30, 2014 ) based on the leverage ratio (as defined in the credit agreement), or the Alternate Base Rate (as defined in the credit agreement) plus a margin of between 0.25% and 1.75% (1.50% as of September 30, 2014 ) based on the leverage ratio. We are permitted to make optional prepayments of the loans, in whole or in part, without premium or penalty (other than applicable LIBOR breakage costs). Subject to certain exceptions and conditions described in the credit agreement, we are obligated to prepay the credit facility, but without a corresponding commitment reduction, with the net cash proceeds of certain asset sales and with casualty insurance proceeds.

The senior secured credit facility is guaranteed by our existing and future domestic material restricted subsidiaries (as defined in the credit agreement), which are substantially all of our wholly-owned U.S. subsidiaries other than our receivables securitization subsidiaries. The facility is secured by a first priority perfected security interest in substantially all of our and our guarantors' personal property, whether consisting of tangible or intangible property, including a pledge of, and a perfected security interest in, (i) all of the shares of capital stock of the guarantors and (ii) 65% of the shares of our or any guarantor’s first-tier foreign subsidiaries which are material restricted subsidiaries, in each case subject to certain exceptions as set forth in the credit agreement. The collateral does not include any real property, the capital stock and any assets of any unrestricted subsidiary, or any capital stock of any direct or indirect subsidiary of our wholly-owned subsidiary Dean Holding Company ("Legacy Dean") which owns any real property.

The credit agreement governing the senior secured credit facility contains customary representations, warranties and covenants, including but not limited to specified restrictions on indebtedness, liens, guarantee obligations, mergers, acquisitions, consolidations, liquidations and dissolutions, sales of assets, leases, payment of dividends and other restricted payments, investments, loans and advances, transactions with affiliates and sale and leaseback transactions, as well as the financial covenants described below. The credit agreement also contains customary events of default and related cure provisions.

At September 30, 2014, there were outstanding borrowings of $48.0 million under the senior secured revolving credit facility. Our average daily balance under the senior secured revolving credit facility during the nine months ended September 30, 2014 was $57.3 million. There were no letters of credit issued under the senior secured revolving credit facility as of September 30, 2014.

Dean Foods Receivables-Backed Facility — We have a $550 million receivables securitization facility pursuant towhich certain of our subsidiaries sell their accounts receivable to two wholly-owned entities intended to be bankruptcy-remote. The entities then transfer the receivables to third-party asset-backed commercial paper conduits sponsored by major financial institutions. The assets and liabilities of these two entities are fully reflected in our unaudited Condensed Consolidated Balance Sheets, and the securitization is treated as a borrowing for accounting purposes. In June 2014, the receivables-backed facility was modified to, among other things, increase the amount available for the issuance of letters of credit from $300 million to $350 million and to extend the liquidity termination date from March 2015 to June 2017. The receivables-backed facility was further amended in August 2014 consistent with the amended financial covenants under the credit agreement governing the senior secured credit facilities.

Outstanding borrowings under the receivables-backed facility, as amended, as of September 30, 2014 were $295 million, excluding letters of credit in the aggregate amount of $212.3 million that were issued but undrawn, resulting in remaining available borrowing capacity of $42.7 million at September 30, 2014. Availability under the receivables-backed facility is calculated using the current receivables balance for the seller entities, less adjustments for customer concentration limits, reserve requirements, and other adjustments as described in the amended and restated receivables repurchase agreement, not to exceed the total commitment amount less current borrowings and outstanding letters of credit.

Under the senior secured credit facility and the receivables-backed facility, we are required to comply with (a) a maximum consolidated net leverage ratio of 5.25x for each fiscal quarter ending on or prior to December 31, 2014; 5.00x for each fiscal quarter ending on or prior to March 31, 2015; 4.50x for each fiscal quarter ending on or prior to June 30, 2015; and 4.00x for each fiscal quarter ending thereafter; (b) a senior secured net leverage ratio not to exceed 2.50x; and (c) a minimum consolidated interest coverage ratio of 3.00 to 1.00, in each case, as defined under and calculated in accordance with the terms

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of the agreements governing our senior secured credit facility and our receivables-backed facility. At November 3, 2014, we had $313.2 million in outstanding borrowings under the senior secured revolving credit facility and the receivables-backed facility, excluding letters of credit in the aggregate amount of $165.5 million that were issued but undrawn.

Our leverage ratio at September 30, 2014 was 4.23 times consolidated funded indebtedness to consolidated EBITDA for the prior four consecutive quarters, as defined in our credit agreement. As described in more detail in our credit agreement and the purchase agreement governing our receivables-backed facility, the leverage ratio is calculated as the ratio of consolidated funded indebtedness, less cash up to $100 million to the extent held by us and our restricted subsidiaries, to consolidated EBITDA for the period of four consecutive fiscal quarters ended on the measurement date. Consolidated funded indebtedness is comprised of our outstanding indebtedness and the outstanding indebtedness of certain of our subsidiaries, excluding our unrestricted subsidiaries. Consolidated EBITDA is comprised of net income for us and our restricted subsidiaries plus interest expense, taxes, depreciation and amortization expense and other non-cash expenses, and certain other add-backs for non-recurring charges and other adjustments permitted in calculating covenant compliance under the credit agreement, and is calculated on a pro-forma basis to give effect to any acquisitions, divestitures or relevant changes in our composition or the composition of certain of our subsidiaries. In addition, the calculation of consolidated EBITDA may include adjustments related to other charges reasonably acceptable to the administrative agent.

Our interest coverage ratio at September 30, 2014 was 3.64 times consolidated EBITDA to consolidated interest expense for the prior four consecutive quarters, as defined in our credit agreement. As described in more detail in our credit agreement and the purchase agreement governing our receivables-backed facility, our interest coverage ratio is calculated as the ratio of consolidated EBITDA to consolidated interest expense for the period of four consecutive fiscal quarters ended on the measurement date. Consolidated EBITDA is calculated as described above in the discussion of our leverage ratio. Consolidated interest expense is comprised of consolidated interest expense paid or payable in cash by us and our restricted subsidiaries, as calculated in accordance with generally accepted accounting principles, but excluding write-offs or amortization of deferred financing fees and amounts paid on early termination of swap agreements.

We are currently in compliance with all covenants under our credit agreements.

Historical Cash Flow

The unaudited Condensed Consolidated Statements of Cash Flows include amounts related to discontinued operations, which are primarily related to net proceeds of approximately $1.4 billion received from the sale of Morningstar, completed January 2013, and the WhiteWave Separation, completed in July 2013, both of which have been included as discontinued operations for the for the nine months ended September 30, 2013. See Note 2 to our unaudited Condensed Consolidated Financial Statements for additional information regarding our discontinued operations.

The following table summarizes our cash flows from operating, investing and financing activities:

	Nine Months Ended September 30
	2014			2013			Change
	(In thousands)
Net cash flows from continuing operations:
Operating activities	$	48,071		$	(258,628	)	$	306,699
Investing activities	(70,798		)	(81,861		)	11,063
Financing activities	36,953			(689,387		)	726,340
Discontinued operations	—			1,366,084			(1,366,084		)
Effect of exchange rate changes on cash and cash equivalents	(607		)	(216		)	(391		)
Net increase in cash and cash equivalents	$	13,619		$	335,992		$	(322,373	)

Operating Activities

The cash flow from continuing operations for the nine months ended September 30, 2013 was impacted by a payment of $315.0 million related to our tax obligation on the sale of Morningstar and a payment of approximately $15.0 million related to certain tax obligations which were recognized upon completion of the WhiteWave spin-off. Additionally, the prior year operating cash flows was impacted by a $28.1 million termination payment of our remaining interest rate hedges in January 2013, which is described more fully in Note 6 to our unaudited Condensed Consolidated Financial Statements.

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Net cash provided by operating activities was $48.1 million for the nine months ended September 30, 2014 compared to net cash provided by operating activities of $99.5 million for the nine months ended September 30, 2013, excluding the 2013 transactions noted above. This change was primarily due to lower operating income performance resulting from declining volumes and record-high dairy commodity costs leading to a 3.7% decline in gross profit for the first nine months of 2014 compared to the first nine months of 2013.

Investing Activities

Net cash used in investing activities decreased by $11.1 million in the nine months ended September 30, 2014 in comparison to the nine months ended September 30, 2013. With capital expenditures relatively flat, the increase is primarily attributable to proceeds from sale of fixed assets to $18.7 million for the nine months ended September 30, 2014 from $8.5 million in the same period in 2013.

Financing Activities

Net cash provided by financing activities of $37.0 million in the nine months ended September 30, 2014 improved from net cash used in financing activities of $689.4 million in the year-ago period, driven by net debt repayments of $1.29 billion in the third quarter of 2013 as compared to net proceeds from borrowings of $79.2 million for the nine months ended September 30, 2014. Additionally, during the nine months ended September 30, 2014, we repurchased shares of common stock for $25.0 million and paid cash dividends in the amount of $19.7 million.

Contractual Obligations

There have been no material changes outside the ordinary course of business to the information provided with respect to our contractual obligations, including indebtedness and purchase and lease obligations, as disclosed in our 2013 Annual Report on Form 10-K.

Other Long-Term Liabilities

We offer pension benefits through various defined benefit pension plans and also offer certain health care and life insurance benefits to eligible employees and their eligible dependents upon the retirement of such employees. Reported costs of providing non-contributory defined pension benefits and other postretirement benefits are dependent upon numerous factors, assumptions and estimates. For example, these costs are impacted by actual employee demographics (including age, compensation levels and employment periods), the level of contributions made to the plan and earnings on plan assets. Pension and postretirement costs also may be significantly affected by changes in key actuarial assumptions, including anticipated rates of return on plan assets and the discount rates used in determining the projected benefit obligation and annual periodic pension costs.

We expect to contribute approximately $11.6 million to the pension plans and approximately $3 million to the postretirement health plans in 2014.

Other Commitments and Contingencies

In connection with our acquisition of Legacy Dean, we purchased Dairy Farmers of America’s (“DFA”) 33.8% interest in our operations in 2001. In connection with that transaction, we issued a contingent, subordinated promissory note to DFA in the original principal amount of $40 million. The promissory note has a 20-year term and bears interest based on the consumer price index. Interest will not be paid in cash but will be added to the principal amount of the note annually, up to a maximum principal amount of $96 million. We may prepay the note in whole or in part at any time, without penalty. The note will only become payable if we materially breach or terminate one of our related milk supply agreements with DFA without renewal or replacement. Otherwise, the note will expire in 2021, without any obligation to pay any portion of the principal or interest. Payments made under the note, if any, would be expensed as incurred. We have not terminated, and we have not materially breached, any of our related milk supply agreements with DFA related to the promissory note. We have previously terminated unrelated supply agreements with respect to several plants that were supplied by DFA. In connection with our goals of accelerated cost control and increased supply chain efficiency, we continue to evaluate our sources of raw milk supply.

We also have the following commitments and contingent liabilities, in addition to contingent liabilities related to ordinary course litigation, investigations and audits:

• certain indemnification obligations related to businesses that we have divested;

• certain lease obligations, which require us to guarantee the minimum value of the leased asset at the end of the lease;

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• selected levels of property and casualty risks, primarily related to employee health care, workers’ compensation claims and other casualty losses; and

• certain litigation-related contingencies.

See Note 12 to our unaudited Condensed Consolidated Financial Statements for more information about our commitments and contingent obligations, including our litigation contingencies.

Future Capital Requirements

During 2014, we intend to invest a total of approximately $150 million in capital expenditures primarily for our existing manufacturing facilities and distribution capabilities. We expect cash interest in 2014 to be approximately $55 million to $56 million based upon current debt levels and projected forward interest rates under our senior secured credit facility. Cash interest excludes amortization of deferred financing fees and bond discounts of approximately $5 million and imputed interest of approximately $2 million related to the Tennessee dairy farmer action litigation settlement reached in 2012.

As described more fully in the sections above, from time to time, we may repurchase our outstanding common stock or debt obligations in the open market or in privately negotiated transactions, subject to meeting certain terms and conditions as outlined in our credit agreements. We expect that our future cash flows from operations and borrowings under our senior secured credit facility and receivables-backed facility will be sufficient to meet our future capital requirements for the foreseeable future.

Known Trends and Uncertainties

Prices of Conventional Raw Milk and Other Inputs

Conventional Raw Milk and Butterfat — The primary raw materials used in the products we manufacture, distribute and sell are conventional milk (which contains both raw milk and butterfat) and bulk cream. On a monthly basis, the federal government and certain state governments set minimum prices for raw milk. The regulated minimum prices differ based on how the raw milk is utilized. Raw milk processed into fluid milk is priced at the Class I price and raw milk processed into products such as cottage cheese, creams and creamers, ice cream and sour cream is priced at the Class II price. Generally, we pay the federal minimum prices for raw milk, plus certain producer premiums (or “over-order” premiums) and location differentials. We also incur other raw milk procurement costs in some locations (such as hauling, field personnel, etc.). A change in the federal minimum price does not necessarily mean an identical change in our total raw milk costs as over-order premiums may increase or decrease. This relationship is different in every region of the country and can sometimes differ within a region based on supplier arrangements. However, in general, the overall change in our raw milk costs can be linked to the change in federal minimum prices. Because our Class II products typically have a higher fat content than that contained in raw milk, we also purchase bulk cream for use in some of our Class II products. Bulk cream is typically purchased based on a multiple of the Grade AA butter price on the Chicago Mercantile Exchange.

Increasing and record-high dairy commodity costs in 2014 continue to create one of the most difficult operating environments in the history of our company. Record-high raw milk costs and resulting increases in retail prices have created volume softness throughout the industry. In addition, we have experienced increased pressure on our margins, especially on our branded products, as pricing at retail was pressured by both price gap and price threshold considerations. Class I raw milk prices continue to be at unprecedented levels in their duration and in absolute terms. Class I raw milk prices have increased 12 of the last 15 months and every month's average price since February 2014 has exceeded the previous all-time record high of $21.91 in September 2007. Class I raw milk prices were approximately 24% higher during the third quarter of 2014 versus the third quarter of 2013 and were sequentially flat compared to the prior quarter.

In addition to record-high Class I raw milk costs, we have been challenged by the increase of butterfat prices, pressuring our margins across our Class II product offerings, such as our ice cream, half and half, heavy whipping cream and sour cream product offerings. Average CME butter prices increased 82% during the third quarter of 2014 versus the prior year to $2.68. CME butter prices have increased every month this year, peaking at an all-time high of $3.06 per pound in late September. Sustained month over month Class II commodity price increases and large price movements in short time frames, as we have experienced throughout 2014, have created a pricing lag effect that makes it difficult to effectively pass through rising costs.

Fuel and Resin Costs — We purchase diesel fuel to operate our extensive DSD system, and we incur fuel surcharge expense related to the products we deliver through third-party carriers. Although we may utilize forward purchase contracts and other instruments to mitigate the risks related to commodity price fluctuations, such strategies do not fully

47

mitigate commodity price risk. Adverse movements in commodity prices over the terms of the contracts or instruments could decrease the economic benefits we derive from these strategies.

Another significant raw material we use is resin, which is a fossil fuel based product used to make plastic bottles. We purchase approximately 26 million pounds of resin and bottles per month. The prices of diesel and resin are subject to fluctuations based on changes in crude oil and natural gas prices. For 2014, we expect our fuel costs to be slightly lower and our resin costs to be slightly higher than the prior year.

Retail and Customer Environment and Fluid Milk Volumes

The fluid milk industry remains highly competitive. Fluid milk category volumes remained soft, and overall category volume declines have continued beyond the historical trajectory of the category. We believe our fluid milk volumes continue to outperform the overall product category and the velocity of our fluid milk volume declines has begun to subside during the third quarter of 2014. Our volumes were impacted by the loss of a portion of our private label business with a significant customer in 2013. The impact of this loss began to be reflected in the second quarter of 2013, and the transition of volumes was largely completed in the third quarter of 2013. The lost volumes were primarily related to low-margin, private label fluid milk business and were the result of the renegotiation of certain regional supply arrangements that, going forward, will be subject to renewal over various time frames. Our total volumes declined 2% in the third quarter of 2014 compared to the same period in the prior year as we began to overlap the RFP-driven volume losses. In terms of our branded versus private-label mix, we ended the third quarter of 2014 just under approximately 36% in branded volumes. Since the third quarter of 2013, when raw milk costs began their steady climb, our brand mix has declined approximately 1%. This trade down to private label fluid milk from branded products represents a continuing headwind for our business.

We remain committed to continuing to improve our operating performance, sustaining strong positive cash flow and generating shareholder value. During the fourth quarter of 2014, we will continue to emphasize price realization, cost productivity and volume at margins that deliver an appropriate return, in an effort to improve our operating results. We believe the market continues to be difficult with several factors beyond our control continuing to impact our earnings progression. The fluid milk category continues to show weakness with declining industry volumes. Soft volumes, coupled with ongoing historically high raw milk cost inflation and compressed margins over milk, negate some of the impact of our cost reduction efforts, and make it harder to deliver those cost savings to the bottom line. This year has been one of the most difficult periods in our history and we expect this trend to continue with raw milk prices in the fourth quarter of 2014 at levels among the highest quarterly averages. However, we do not believe that the record high raw milk prices in 2014 are the normalized trend for the longer-term trajectory, and we expect domestic raw milk costs to moderate as we exit 2014 and move into 2015. Industry volumes remain soft and we expect our fourth quarter volumes to be down low single digits, as compared to prior year, but with a continued improvement in net price realization. We expect to continue to drive improved efficiency and capability across the organization with a view toward positioning ourselves for long-term success.

Tax Rate

Income tax benefit was recorded at an effective rate of 41.3% in the first nine months of 2014 compared to a 9.2% effective tax rate in the first nine months of 2013. Changes in our profitability levels and the relative earnings of our business units, as well as changes to federal, state, and foreign tax laws, may cause the rate to change from historical rates.

See “Part I — Item 1A — Risk Factors” in our 2013 Annual Report on Form 10-K, "Part II — Item 1A — Risk Factors" below, and elsewhere in this Form 10-Q herein for a description of various other risks and uncertainties concerning our business.

Item 3. Quantitative and Qualitative Disclosures About Market Risk

There have been no material changes in our quantitative and qualitative disclosures about market risk as set forth in our 2013 Annual Report on Form 10-K.

Item 4. Controls and Procedures

Controls Evaluation and Related Certifications

We conducted an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) of the Securities Exchange Act of 1934, as amended (“Exchange Act”), referred to herein as “Disclosure Controls”) as of the end of the period covered by this quarterly report. The controls evaluation was performed under the supervision and with the participation of management, including our Chief Executive

48

Officer ("CEO") and Chief Financial Officer ("CFO"). Based upon our most recent controls evaluation, our CEO and CFO have concluded that our Disclosure Controls were effective as of September 30, 2014.

Changes in Internal Control over Financial Reporting

During the period covered by this quarterly report, there have been no changes in our internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

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Part II — Other Information

Item 1. Legal Proceedings

Tennessee Retailer and Indirect Purchaser Actions

A putative class action antitrust complaint (the “retailer action”) was filed on August 9, 2007 in the United States District Court for the Eastern District of Tennessee. Plaintiffs allege generally that we, either acting alone or in conjunction with others in the milk industry who are also defendants in the retailer action, lessened competition in the Southeastern United States for the sale of processed fluid Grade A milk to retail outlets and other customers, and that the defendants’ conduct also artificially inflated wholesale prices for direct milk purchasers. Defendants’ motion for summary judgment in the retailer action was granted in part and denied in part in August 2010. Defendants filed a motion for reconsideration, and renewed their request for summary judgment in September 2010. In March 2012, the Court granted summary judgment in favor of defendants as to all remaining counts and entered judgment in favor of all defendants, including the Company. Plaintiffs appealed the court’s decision in April 2012. Briefing on the appeal was completed in April 2013, and oral argument occurred in July 2013. In January 2014, the appeals court reversed the judgment for the defendants, including the Company, on one of the original five counts in the Tennessee retailer action. In February 2014, the Company requested that the Sixth Circuit Court of Appeals consider its decision en banc; the Sixth Circuit declined to do so. The Sixth Circuit returned the case to the trial court for further proceedings. The Company filed a petition to the U.S. Supreme Court for review of the case on August 1, 2014. The parties have agreed to defer further proceedings in the trial court until there is a determination by the Supreme Court whether to review the decision of the Court of Appeals.

On June 29, 2009, another putative class action lawsuit was filed in the Eastern District of Tennessee, Greeneville Division, on behalf of indirect purchasers of processed fluid Grade A milk (the “indirect purchaser action”). The allegations in this complaint are similar to those in the retailer action, but primarily involve state law claims. Because the allegations in the indirect purchaser action substantially overlap with the allegations in the retailer action, the Court granted the parties’ joint motion to stay all proceedings in the indirect purchaser action pending the outcome of the summary judgment motions in the retailer action. On August 16, 2012, the indirect purchaser plaintiffs voluntarily dismissed their lawsuit. On January 17, 2013, these same plaintiffs filed a new lawsuit in the Eastern District of Tennessee, Greeneville Division, on behalf of a putative class of indirect purchasers of processed fluid Grade A milk (the “2013 indirect purchaser action”). The allegations are similar to those in the voluntarily dismissed indirect purchaser action, but involve only claims arising under Tennessee law. The Company filed a motion to dismiss on April 30, 2013. On June 14, 2013, the indirect purchaser plaintiffs responded to the Company’s motion to dismiss and filed an amended complaint. On July 1, 2013, the Company filed a motion to dismiss the amended complaint. Briefing on the motion to dismiss was completed on August 15, 2013. On September 11, 2014, the Court granted in part and denied in part the motion to dismiss. The Court granted the motion to dismiss the non-Tennessee plaintiffs’ claims. The Company filed its answer to the surviving claims on October 15, 2014.

At this time, it is not possible for us to predict the ultimate outcome of these matters.

In addition to the pending legal proceedings set forth above, we are party from time to time to certain claims, litigations, audits and investigations. Potential liabilities associated with these other matters are not expected to have a material adverse impact on our financial position, results of operations or cash flows.

Other

We have settled with substantially all states in regards to our obligations under state unclaimed property laws, the results of which did not have a material adverse impact on our financial position, results of operations or cash flows.

Item 1A. Risk Factors

In addition to the other information set forth in this Quarterly Report on Form 10-Q, the reader should carefully consider the factors discussed in Part I, “Item 1A. Risk Factors” in the Company’s 2013 Annual Report on Form 10-K. There have been no material changes in the Company's risk factors from those disclosed in Part I, Item 1A, of the Company's 2013 Annual Report on Form 10-K with the exception of the item listed below.

It is difficult to predict the long-term effects of the recent extended period of record-high commodity prices on the dairy industry and our business.

Class I raw milk prices are near all-time highs and such prices have remained high for an extended period of time. We cannot predict if or when prices will moderate and, if they moderate, how long such lower pricing will be in effect. It is difficult to predict the impact that such a long period of sustained high prices will have on consumer demand and preferences for milk and

50

other dairy products. The fluid milk category has experienced higher than average volume declines over the past few months. If and when the Class I milk prices moderate, there can be no assurance that fluid milk volumes will return to previous levels or that there will not have been a fundamental change in the purchasing habits of consumers. If we are not able to respond to such changes, our profitability could be adversely affected.

Item 6. Exhibits

3.1	Certificate of Amendment of Restated Certificate of Incorporation, as amended, of Dean Foods Company (incorporated by reference to Exhibit 3.1 to Current Report on Form 8-K filed May 20, 2014).
3.2	Amended and Restated Bylaws of Dean Foods Company, effective as of May15, 2014 (incorporated by reference to Exhibit 3.1 to Current Report on Form 8-K filed May 20, 2014).
10.1	Amendment No. 2 to Credit Agreement, dated as of August 14, 2014, by and among Dean Foods Company; the lenders listed on the signature pages thereof; and JPMorgan Chase Bank, N.A., in its capacity as Administrative Agent (incorporated by reference to Exhibit 10.1 to Current Report on Form 8-K filed August 15, 2014).
10.2	Amendment No. 1 to the Sixth Amended and Restated Receivables Purchase Agreement, dated as of August 14, 2014, among Dairy Group Receivables L.P. and Dairy Group Receivables II, L.P., as Sellers; the Servicers, Companies and Financial Institutions parties thereto; and Cooperatieve Centrale Raiffeisen - Boerenleenbank B.A. “Rabobank International”, New York Branch, as Agent (incorporated by reference to Exhibit 10.2 to Current Report on Form 8-K filed August 15, 2014).
10.3	Letter Agreement between the Company and Ralph Scozzafava dated September 25, 2014 (filed herewith).
31.1	Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (filed herewith).
31.2	Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (filed herewith).
32.1	Certification of Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (furnished herewith).
32.2	Certification of Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (furnished herewith).
99	Supplemental Financial Information for Dean Holding Company (filed herewith).
101.INS XBRL Instance Document(1).
101.SCH XBRL Taxonomy Extension Schema Document(1).
101.CAL XBRL Taxonomy Calculation Linkbase Document(1).
101.DEF XBRL Taxonomy Extension Definition Linkbase Document(1).
101.LAB XBRL Taxonomy Label Linkbase Document(1).
101.PRE XBRL Taxonomy Presentation Linkbase Document(1).

(1) Submitted electronically herewith.

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SIGNATURES

Pursuant to the requirement of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

DEAN FOODS COMPANY

/S/ SCOTT K. VOPNI

Scott K. Vopni

Senior Vice President Investor Relations and Chief Accounting Officer

November 10, 2014

52

Exhibit Index

3.1	Certificate of Amendment of Restated Certificate of Incorporation, as amended, of Dean Foods Company (incorporated by reference to Exhibit 3.1 to Current Report on Form 8-K filed May 20, 2014).
3.2	Amended and Restated Bylaws of Dean Foods Company, effective as of May15, 2014 (incorporated by reference to Exhibit 3.1 to Current Report on Form 8-K filed May 20, 2014).
10.1	Amendment No. 2 to Credit Agreement, dated as of August 14, 2014, by and among Dean Foods Company; the lenders listed on the signature pages thereof; and JPMorgan Chase Bank, N.A., in its capacity as Administrative Agent (incorporated by reference to Exhibit 10.1 to Current Report on Form 8-K filed August 15, 2014).
10.2	Amendment No. 1 to the Sixth Amended and Restated Receivables Purchase Agreement, dated as of August 14, 2014, among Dairy Group Receivables L.P. and Dairy Group Receivables II, L.P., as Sellers; the Servicers, Companies and Financial Institutions parties thereto; and Cooperatieve Centrale Raiffeisen - Boerenleenbank B.A. “Rabobank International”, New York Branch, as Agent (incorporated by reference to Exhibit 10.2 to Current Report on Form 8-K filed August 15, 2014).
10.3	Letter Agreement between the Company and Ralph Scozzafava dated September 25, 2014 (filed herewith).
31.1	Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (filed herewith).
31.2	Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (filed herewith).
32.1	Certification of Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (furnished herewith).
32.2	Certification of Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (furnished herewith).
99	Supplemental Financial Information for Dean Holding Company (filed herewith).
101.INS XBRL Instance Document(1).
101.SCH XBRL Taxonomy Extension Schema Document(1).
101.CAL XBRL Taxonomy Calculation Linkbase Document(1).
101.DEF XBRL Taxonomy Extension Definition Linkbase Document(1).
101.LAB XBRL Taxonomy Label Linkbase Document(1).
101.PRE XBRL Taxonomy Presentation Linkbase Document(1).

(1) Submitted electronically herewith.

53

EX-10.3

September 25, 2014

Ralph Scozzafava

4 Dromara Road

St. Louis, MO 63124

Dear Ralph:

I am pleased to provide your offer for the position of Executive Vice President, Chief Commercial Officer (level 99) for Dean Foods effective October 13, 2014, reporting to Gregg Tanner, Chief Executive Officer.

Here are the specifics of your offer:

Base Salary

You will be paid $33,333.33 less payroll taxes, on a semi-monthly basis which equates to an annual salary of $800,000, less payroll taxes.

Annual Incentive Opportunity

As a level 99, you will be eligible to earn an annual incentive as a participant in the Dean Foods Corporate Short-Term Incentive (STI) Plan. Your target amount is equal to 100% of your base salary. The financial component of your STI will be driven by the performance of certain financial targets for Dean Foods, and the individual component will be based upon your performance against your individual objectives. The STI payment will be calculated using your annualized base salary as of 12/31 of the incentive plan year. The 2014 payment (paid in March 2015) will be prorated based upon your hire date of October 13, 2014-December 31, 2014.

Annual Long Term Incentive Compensation

You will be eligible for future Long Term Incentive (LTI) grants under the Dean Foods LTI Program. The exact amount and nature of any future long term incentive awards will be determined by the Board of Directors or the Compensation Committee thereof. Your LTI target in your offer package for 2015 is $1,900,000.

One Time New Hire LTI Grant

You will be eligible for a one-time new hire grant under the Dean Foods LTI Program. The target value of the grant, based upon your actual start date of October 13, 2014, is $475,000 which is scheduled to be granted at the beginning of the month following your start date and will be subject to your acceptance of the terms and conditions of the applicable equity award agreement.

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Executive Deferred Compensation Plan

You will be eligible to participate in the Dean Foods Executive Deferred Compensation Plan. The plan provides eligible executives with the opportunity to save on a tax-deferred basis.

Paid Time Off (PTO)

You will be eligible for 5 weeks’ Paid Time Off (PTO) in a calendar year. Unused PTO is not carried forward from year to year unless state law requires.

Benefits Plan

You will be eligible to participate in the Dean Foods Smart Choices Benefits program. Details outlining the programs will be provided to you. You are eligible to participate of Dean Foods Benefits programs after your first 60 days of employment. If you are currently paying COBRA for your benefits, Dean Foods will reimburse your COBRA costs for those 60 days. The reimbursement of your COBRA costs will be grossed up for tax purposes.

Relocation

You are eligible for relocation under the Dean Foods relocation program administered by Sirva. Details of the relocation program will be provided to you. We expect that you will relocate to Dallas, TX within 6 months from your start date, and in the meantime, Dean Foods will reimburse you for your commuting expenses. The reimbursement of your commuting expenses will be grossed up for tax purposes.

Financial Counseling

As an Executive Vice President, you are eligible to receive a reimbursement of up to $14,000 net per year (grossed up for taxes) to reimburse you for any financial planning activities for which you have engaged during each calendar year, including tax preparation.

Executive Physical

You will be eligible for a company paid Executive Physical every calendar year with The Cooper Clinic Institute in Dallas.

SERP and 401k

You will be covered by the Dean Foods Supplemental Executive Retirement Plan and will also be eligible to participate in the Dean Foods 401k plan under the plan rules.

Insider Trading

As an Executive Vice President, you will have access to sensitive business and financial information. Accordingly, from time to time and in accordance with the company's Insider Trading Policy, you will be prohibited from trading Dean Foods’ securities (or, in some circumstances, the securities of companies doing business with Dean Foods).

Change-In-Control Provisions

You will be provided a Change in Control agreement comparable to that currently provided to other Dean Foods Executive Vice Presidents.

Severance

Dean Foods maintains an Executive Severance Plan, and we will provide you a copy of this plan. As we discussed, you are being hired into the role of Chief Commercial Officer though your compensation package has been designed at the level of Chief Operations Officer as the company

2

intends to place you into the Chief Operations Officer role within 12 months from your start date, providing performance expectations have been met. In the event this move does not occur, you will be eligible to receive your Executive Severance benefits. In addition, given your former experience

as CEO of a publicly traded company, you are being hired with the expectation that you will be the successor to Gregg Tanner, Chief Executive Officer, when he exits the organization, providing performance expectations have been met. In the event that move does not occur, you will be eligible to receive your Executive Severance benefits.

Conclusion

Ralph, we are very excited about the opportunities at Dean Foods and are thrilled to have you be a part of our senior leadership team. I am confident that with your experience, skills, vision and enthusiasm, you will make significant contributions to our company in the years to come.

Best regards,

/s/ Kim Warmbier

Kim Warmbier

EVP, Chief HR Officer

Agreed and accepted:

/s/ Ralph Scozzafava    

Ralph Scozzafava

09/30/14    

Date

3

EX-31.1

Exhibit 31.1

Certification

I, Gregg A. Tanner, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Dean Foods Company;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

/S/ GREGG A. TANNER

Chief Executive Officer and Director

November 10, 2014

EX-31.2

Exhibit 31.2

Certification

I, Chris Bellairs, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Dean Foods Company;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

/S/ CHRIS BELLAIRS

Executive Vice President and

Chief Financial Officer

November 10, 2014

EX-32.1

Exhibit 32.1

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,

adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

In connection with the Quarterly Report on Form 10-Q of Dean Foods Company (the "Company") for the quarter ended September 30, 2014, as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Gregg A. Tanner, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to my knowledge the Report fully complies with the requirements of Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934, as amended, and the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

/S/ GREGG A. TANNER

Gregg A. Tanner

Chief Executive

Officer and Director

November 10, 2014

EX-32.2

Exhibit 32.2

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,

adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

In connection with the Quarterly Report on Form 10-Q of Dean Foods Company (the "Company") for the quarter ended September 30, 2014, as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Chris Bellairs, Executive Vice President and Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to my knowledge the Report fully complies with the requirements of Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934, as amended, and the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

/S/ CHRIS BELLAIRS

Chris Bellairs

Executive Vice President and Chief

Financial Officer

November 10, 2014

EX-99

EXHIBIT 99

DEAN HOLDING COMPANY

CONSOLIDATED BALANCE SHEET INFORMATION

(Unaudited)

(In thousands)

	September 30, 2014
Assets
Current assets:
Cash and cash equivalents	$	13,363
Receivables, net	345,393
Income taxes receivable	8,095
Inventories	132,879
Deferred income taxes	14,973
Prepaid expenses and other current assets	16,321
Total current assets	531,024
Property, plant and equipment, net	491,882
Goodwill	44,057
Identifiable intangible and other assets, net	176,906
Total	$	1,243,869
Liabilities and Parent’s Net Investment
Current liabilities:
Accounts payable and accrued expenses	$	276,529
Total current liabilities	276,529
Long-term debt	270,533
Deferred income taxes	103,209
Other long-term liabilities	46,843
Parent’s net investment:
Parent’s net investment	549,738
Accumulated other comprehensive loss	(2,983		)
Total parent’s net investment	546,755
Total	$	1,243,869

DEAN HOLDING COMPANY

CONSOLIDATED OPERATING INFORMATION

(Unaudited)

(In thousands)

	Six Months Ended September 30, 2014
Net sales	$	3,347,005
Cost of sales	2,771,962
Gross profit	575,043
Operating costs and expenses:
Selling and distribution	458,307
General and administrative	43,985
Amortization of intangibles	1,225
Restructuring and non-recurring costs	2,560
Total operating costs and expenses	506,077
Operating income	68,966
Other expense:
Interest expense	8,886
Other expense, net	63,639
Total other expense	72,525
Loss from continuing operations before income taxes	(3,559		)
Income tax benefit	(12,458		)
Net income	8,899
Loss from discontinued operations, net of tax	(45		)
Net income	8,854
Other comprehensive income, net of tax	372
Comprehensive income	$	9,226

3

XML

Goodwill and Intangible Assets - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	$ 86,841		$ 86,841		$ 86,841
Amortization expense on intangible assets	$ 714	$ 910	$ 2,175	$ 2,785

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Common Stock and Share-Based Compensation - Additional Information (Detail) (USD $)	1 Months Ended	3 Months Ended			9 Months Ended		3 Months Ended		9 Months Ended
	Nov. 30, 2013	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014 Common Stock	Sep. 30, 2013 Common Stock	Sep. 30, 2014 Common Stock	Sep. 30, 2013 Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Quarterly dividends expected (in dollars per share)	$ 0.07
Annual dividends expected (in dollars per share)	$ 0.28
Dividends paid (in dollars per share)		$ 0.07	$ 0.07	$ 0.07
Cash dividends paid		$ 6,500,000	$ 6,500,000	$ 6,500,000	$ 19,654,000
Authorized amount for common share repurchase threshold									2,380,000,000.00
Repurchase of common stock (in shares)							0	0	1,727,275	0
Remaining authorized amount for common share repurchase									$ 275,000,000
Stock options granted					0	0

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Derivative Financial Instruments and Fair Value Measurements - Additional Information (Detail) (USD $)	3 Months Ended				9 Months Ended
	Sep. 30, 2014	Mar. 31, 2014	Sep. 30, 2013	Mar. 31, 2013	Sep. 30, 2014	Sep. 30, 2013	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2013	Jan. 31, 2013	Dec. 31, 2012
Derivatives, Fair Value [Line Items]
Notional amount										$ 1,000,000,000
Payment on termination of interest rate swaps				28,000,000
Derivative loss reclassified from accumulated other comprehensive income, before tax						28,100,000
Derivative loss reclassified from accumulated other comprehensive income, net of tax						17,300,000
Accumulated other comprehensive loss, net of tax	(54,753,000)		(97,260,000)		(54,753,000)	(97,260,000)	(55,237,000)	(57,190,000)	285,955,000		(186,584,000)
Minimum outstanding purchase commitment range					1 month
Maximum outstanding purchase commitment range					1 year
Reclassification to income statement related to de-designation of cash flow hedges	0	(220,000)	(415,783,000)		(220,000)	(415,783,000)
2017 Swaps Novated To White Wave
Derivatives, Fair Value [Line Items]
Noncontrolling interest (percent)											13.30%
Accumulated other comprehensive loss, before tax									63,400,000
Accumulated other comprehensive loss, net of tax									$ 38,900,000

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Common Stock and Share-Based Compensation - Summary of Stock Option Activity (Detail) (USD $)	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Options outstanding at January 1, 2014	5,055,035
Granted	0	0
Forfeited and canceled	(501,716)
Exercised	(524,498)
Options outstanding at September 30, 2014	4,028,821
Options exercisable at September 30, 2014	3,920,761
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Options outstanding at January 1, 2014, Weighted average exercise price	$ 19.35
Granted, Weighted average exercise price	$ 0.00
Forfeited and canceled, Weighted average exercise price	$ 20.90
Exercised, Weighted average exercise price	$ 14.21
Options outstanding at September 30, 2014, Weighted average exercise price	$ 19.82
Options exercisable at September 30, 2014, Weighted average exercise price	$ 20.07
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Options outstanding at September 30, 2014, Weighted Average Contractual Life	3 years 1 month 21 days
Options exercisable at September 30, 2014, Weighted Average Contractual Life	3 years 0 months 7 days
Options outstanding at September 30, 2014, Aggregate Intrinsic Value	$ 1,675,345
Options exercisable at September 30, 2014, Aggregate Intrinsic Value	$ 1,413,501

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Debt - Condensed Consolidating Statement of Comprehensive Income (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Condensed Income Statements, Captions [Line Items]
Net sales	$ 2,373,280	$ 2,200,899	$ 7,108,189	$ 6,720,871
Cost of sales	1,956,480	1,759,614	5,876,126	5,312,054
Gross profit	416,800	441,285	1,232,063	1,408,817
Selling and distribution	337,346	333,456	1,011,657	1,005,131
General and administrative	69,728	72,274	212,804	243,626
Amortization of intangibles	714	910	2,175	2,785
Facility closing and reorganization costs	2,805	7,268	4,510	17,817
Litigation settlements	0	0	(2,521)	(1,019)
Impairment of long-lived assets	7,400	4,422	7,400	41,941
Other operating (income) loss	0	285	(4,535)	2,494
Interest expense	15,233	30,238	45,477	180,009
Gain on disposition of WhiteWave common stock	0	(415,783)	0	(415,783)
Other income, net	(487)	(126)	(760)	(489)
Income (loss) from continuing operations before income taxes	(15,939)	408,341	(44,144)	332,305
Income tax benefit	(803)	(7,177)	(18,253)	(30,416)
Income (loss) before equity in earnings (loss) of subsidiaries	(15,136)	415,518	(25,891)	362,721
Equity in earnings (loss) of consolidated subsidiaries	0	0	0	0
Income (loss) from continuing operations	(15,136)	415,518	(25,891)	362,721
Income (loss) from discontinued operations, net of tax	(836)	0	(836)	2,891
Gain (loss) on sale of discontinued operations, net of tax	0	(398)	1,154	491,422
Net income (loss)	(15,972)	415,120	(25,573)	857,034
Other comprehensive income (loss), net of tax	484	(383,215)	2,437	54,915
Net loss attributable to non-controlling interest in discontinued operations	0	0	0	(6,179)
Net income (loss) attributable to Dean Foods Company	(15,972)	415,120	(25,573)	850,855
Other comprehensive income (loss), net of tax		(383,215)		56,299
Comprehensive income (loss) attributable to Dean Foods Company	(15,488)	31,905	(23,136)	907,154
Dean Foods Company
Condensed Income Statements, Captions [Line Items]
Net sales	0	0	0	0
Cost of sales	0	0	0	0
Gross profit	0	0	0	0
Selling and distribution	0	0	0	0
General and administrative	790	1,357	1,408	992
Amortization of intangibles	0	0	0	0
Facility closing and reorganization costs	0	0	0	0
Litigation settlements			(2,521)	(1,019)
Impairment of long-lived assets	0	0	0	0
Other operating (income) loss		290	0	290
Interest expense	10,496	26,246	32,307	168,062
Gain on disposition of WhiteWave common stock		(415,783)		(415,783)
Other income, net	(800)	(400)	(1,400)	0
Income (loss) from continuing operations before income taxes	(10,486)	388,290	(29,794)	247,458
Income tax benefit	6,560	(13,936)	1,235	(64,220)
Income (loss) before equity in earnings (loss) of subsidiaries	(17,046)	402,226	(31,029)	311,678
Equity in earnings (loss) of consolidated subsidiaries	1,110	13,292	4,653	539,575
Income (loss) from continuing operations	(15,936)	415,518	(26,376)	851,253
Income (loss) from discontinued operations, net of tax	0		0	0
Gain (loss) on sale of discontinued operations, net of tax	(36)	(398)	802	(398)
Net income (loss)	(15,972)		(25,574)	850,855
Other comprehensive income (loss), net of tax	862		2,008
Net loss attributable to non-controlling interest in discontinued operations				0
Net income (loss) attributable to Dean Foods Company		415,120		850,855
Other comprehensive income (loss), net of tax		(383,312)		63,955
Comprehensive income (loss) attributable to Dean Foods Company	(15,110)	31,808	(23,566)	914,810
Guarantor Subsidiaries
Condensed Income Statements, Captions [Line Items]
Net sales	2,370,161	2,197,974	7,098,125	6,710,398
Cost of sales	1,953,984	1,757,469	5,868,162	5,304,577
Gross profit	416,177	440,505	1,229,963	1,405,821
Selling and distribution	337,048	333,096	1,010,667	1,003,990
General and administrative	68,385	70,440	209,819	241,277
Amortization of intangibles	714	910	2,175	2,785
Facility closing and reorganization costs	2,805	7,268	4,510	17,817
Litigation settlements			0	0
Impairment of long-lived assets	7,400	4,422	7,400	38,527
Other operating (income) loss		(5)	(4,535)	2,204
Interest expense	2,914	2,906	8,954	8,807
Gain on disposition of WhiteWave common stock		0		0
Other income, net	1,507	588	2,664	414
Income (loss) from continuing operations before income taxes	(4,596)	20,880	(11,691)	90,000
Income tax benefit	(6,785)	8,131	(18,426)	36,949
Income (loss) before equity in earnings (loss) of subsidiaries	2,189	12,749	6,735	53,051
Equity in earnings (loss) of consolidated subsidiaries	(279)	(362)	(1,689)	(2,610)
Income (loss) from continuing operations	1,910	12,387	5,046	50,441
Income (loss) from discontinued operations, net of tax	(45)		(45)	0
Gain (loss) on sale of discontinued operations, net of tax	61	0	0	491,825
Net income (loss)	1,926		5,001	542,266
Other comprehensive income (loss), net of tax	51		138
Net loss attributable to non-controlling interest in discontinued operations				0
Net income (loss) attributable to Dean Foods Company		12,387		542,266
Other comprehensive income (loss), net of tax		139		432
Comprehensive income (loss) attributable to Dean Foods Company	1,977	12,526	5,139	542,698
Non-Guarantor Subsidiaries
Condensed Income Statements, Captions [Line Items]
Net sales	3,119	2,925	10,064	10,473
Cost of sales	2,496	2,145	7,964	7,477
Gross profit	623	780	2,100	2,996
Selling and distribution	298	360	990	1,141
General and administrative	553	477	1,577	1,357
Amortization of intangibles	0	0	0	0
Facility closing and reorganization costs	0	0	0	0
Litigation settlements			0	0
Impairment of long-lived assets	0	0	0	3,414
Other operating (income) loss		0	0	0
Interest expense	1,823	1,086	4,216	3,140
Gain on disposition of WhiteWave common stock		0		0
Other income, net	(1,194)	(314)	(2,024)	(903)
Income (loss) from continuing operations before income taxes	(857)	(829)	(2,659)	(5,153)
Income tax benefit	(578)	(1,372)	(1,062)	(3,145)
Income (loss) before equity in earnings (loss) of subsidiaries	(279)	543	(1,597)	(2,008)
Equity in earnings (loss) of consolidated subsidiaries	0		0	0
Income (loss) from continuing operations	(279)	543	(1,597)	(2,008)
Income (loss) from discontinued operations, net of tax	(791)		(791)	2,891
Gain (loss) on sale of discontinued operations, net of tax	(25)	0	352	(5)
Net income (loss)	(1,095)		(2,036)	878
Other comprehensive income (loss), net of tax	(429)		291
Net loss attributable to non-controlling interest in discontinued operations				(6,179)
Net income (loss) attributable to Dean Foods Company		543		(5,301)
Other comprehensive income (loss), net of tax		(42)		(8,088)
Comprehensive income (loss) attributable to Dean Foods Company	(1,524)	501	(1,745)	(13,389)
Eliminations
Condensed Income Statements, Captions [Line Items]
Net sales	0	0	0	0
Cost of sales	0	0	0	0
Gross profit	0	0	0	0
Selling and distribution	0	0	0	0
General and administrative	0	0	0	0
Amortization of intangibles	0	0	0	0
Facility closing and reorganization costs	0	0	0	0
Litigation settlements			0	0
Impairment of long-lived assets	0	0	0	0
Other operating (income) loss		0	0	0
Interest expense	0	0	0	0
Gain on disposition of WhiteWave common stock		0		0
Other income, net	0	0	0	0
Income (loss) from continuing operations before income taxes	0	0	0	0
Income tax benefit	0	0	0	0
Income (loss) before equity in earnings (loss) of subsidiaries	0	0	0	0
Equity in earnings (loss) of consolidated subsidiaries	(831)	(12,930)	(2,964)	(536,965)
Income (loss) from continuing operations	(831)	(12,930)	(2,964)	(536,965)
Income (loss) from discontinued operations, net of tax	0		0	0
Gain (loss) on sale of discontinued operations, net of tax	0	0	0	0
Net income (loss)	(831)		(2,964)	(536,965)
Other comprehensive income (loss), net of tax	0		0
Net loss attributable to non-controlling interest in discontinued operations				0
Net income (loss) attributable to Dean Foods Company		(12,930)		(536,965)
Other comprehensive income (loss), net of tax		0		0
Comprehensive income (loss) attributable to Dean Foods Company	$ (831)	$ (12,930)	$ (2,964)	$ (536,965)

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General - Additional Information (Detail)	Sep. 30, 2014 Brand
Accounting Policies [Abstract]
Number of local and regional brands and private labels - more than 50	50

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Common Stock and Share-Based Compensation - Summary of Phantom Share Activity (Detail) (Phantom Shares, USD $)	9 Months Ended
	Sep. 30, 2014
Phantom Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)	3 years
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Outstanding at January 1, 2014	1,111,059
Granted	581,129
Converted/paid	(544,309)
Forfeited	(87,691)
Outstanding at September 30, 2014	1,060,188
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Outstanding at January 1, 2014	$ 17.72
Granted	$ 14.25
Converted/paid	$ 17.70
Forfeited	$ 16.76
Outstanding at September 30, 2014	$ 15.91

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Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Gross Carrying Amount and Accumulated Amortization of Intangible Assets Other Than Goodwill

The gross carrying amount and accumulated amortization of our intangible assets other than goodwill as of September 30, 2014 and December 31, 2013 are as follows:

	September 30, 2014							December 31, 2013
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
	(In thousands)
Intangible assets with indefinite lives:
Trademarks	$	221,681	$	—		$	221,681	$	221,681	$	—		$	221,681
Intangible assets with finite lives:
Customer-related and other	49,225		(30,509		)	18,716		49,225		(28,575		)	20,650
Trademarks	8,096		(5,245		)	2,851		8,096		(5,002		)	3,094
Total	$	279,002	$	(35,754	)	$	243,248	$	279,002	$	(33,577	)	$	245,425

Estimated Aggregate Finite-Lived Intangible Asset Amortization Expense

Estimated aggregate intangible asset amortization expense for the next five years is as follows (in millions):

2014	$	2.9
2015	2.9
2016	2.8
2017	2.2
2018	2.0

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Derivative Financial Instruments and Fair Value Measurements - Gains and Losses on Derivatives Designated as Cash Flow Hedges (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2013		Sep. 30, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Losses on interest rate swap contracts	$ 0	[1]	$ 94,832	[1]
Losses on commodities contracts	288	[2]	544	[2]
(Gains) losses on foreign currency contracts	$ 0	[3]	$ (78)	[3]

[1] Recorded in interest expense in our unaudited Condensed Consolidated Statements of Operations.

[2] Recorded in distribution expense or cost of sales, depending on commodity type, in our unaudited Condensed Consolidated Statements of Operations.

[3] Recorded in cost of sales in our unaudited Condensed Consolidated Statements of Operations.

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Debt - Schedule of Debt Instruments (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014		Dec. 31, 2013
Debt Instrument [Line Items]
Debt obligations	$ 978,214		$ 897,262
Less current portion	(698)		(698)
Total long-term portion	977,516		896,564
Dean Foods Company
Debt Instrument [Line Items]
Debt obligations	547,529		549,641
Dean Foods Company | Senior secured credit facility
Debt Instrument [Line Items]
Credit facility	47,960		50,250
Weighted average rate (percent)	2.16%	[1]	1.67%	[1]
Dean Foods Company | Senior Notes Due 2016
Debt Instrument [Line Items]
Senior notes	475,757		475,579
Interest rate (percent)	7.00%		7.00%
Dean Foods Company | Senior Notes Due 2018
Debt Instrument [Line Items]
Senior notes	23,812		23,812
Interest rate (percent)	9.75%		9.75%
Subsidiary
Debt Instrument [Line Items]
Debt obligations	430,685		347,621
Subsidiary | Capital lease and other
Debt Instrument [Line Items]
Capital lease and other	1,316		1,813
Subsidiary | Receivables Securitization
Debt Instrument [Line Items]
Receivables-back facility	295,000		213,000
Interest rate (percent)	1.28%		1.19%
Subsidiary | Senior Notes Due 2017
Debt Instrument [Line Items]
Senior notes	$ 134,369		$ 132,808
Weighted average rate (percent)			6.90%

[1] Represents a weighted average rate, including applicable interest rate margins, for the credit facility.

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Inventories - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Inventory Disclosure [Abstract]
Inventories, net of reserves	$ 0.6	$ 0.8

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Derivative Financial Instruments and Fair Value Measurements - Carrying Value and Fair Value of Senior Notes and Subsidiary Senior Notes (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Subsidiary | Senior Notes Due 2017
Debt Instrument [Line Items]
Senior Notes, Carrying Value	$ 134,369	$ 132,808
Senior Notes, Fair Value	152,295	153,005
Dean Foods Company | Senior Notes Due 2016
Debt Instrument [Line Items]
Senior Notes, Carrying Value	475,757	475,579
Senior Notes, Fair Value	506,545	527,378
Dean Foods Company | Senior Notes Due 2018
Debt Instrument [Line Items]
Senior Notes, Carrying Value	23,812	23,812
Senior Notes, Fair Value	$ 25,479	$ 26,908

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Facility Closing and Reorganization Costs - Facility Closing and Reorganization Costs (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014		Sep. 30, 2013
Restructuring Reserve [Roll Forward]
Charges and Adjustments	$ 2,805	$ 7,268	$ 4,510		$ 17,817
Restructuring Charges, Cash
Restructuring Reserve [Roll Forward]
Accrued Charges at December 31, 2013			17,389
Charges and Adjustments			2,210
Payments			(9,790)
Accrued Charges at September 30, 2014	9,809		9,809
Restructuring Charges, Cash | Workforce Reduction Costs
Restructuring Reserve [Roll Forward]
Accrued Charges at December 31, 2013			9,028
Charges and Adjustments			(1,916)
Payments			(4,519)
Accrued Charges at September 30, 2014	2,593		2,593
Restructuring Charges, Cash | Shutdown Costs
Restructuring Reserve [Roll Forward]
Accrued Charges at December 31, 2013			0
Charges and Adjustments			3,366
Payments			(3,366)
Accrued Charges at September 30, 2014	0		0
Restructuring Charges, Cash | Lease Obligations After Shutdown
Restructuring Reserve [Roll Forward]
Accrued Charges at December 31, 2013			8,361
Charges and Adjustments			359
Payments			(1,504)
Accrued Charges at September 30, 2014	7,216		7,216
Restructuring Charges, Cash | Restructuring Charges, Other
Restructuring Reserve [Roll Forward]
Accrued Charges at December 31, 2013			0
Charges and Adjustments			401
Payments			(401)
Accrued Charges at September 30, 2014	0		0
Restructuring Charges, Noncash Charges | Write-Down Of Assets
Restructuring Reserve [Roll Forward]
Charges and Adjustments			1,631	[1]
Restructuring Charges, Noncash Charges | Restructuring Charges, Other
Restructuring Reserve [Roll Forward]
Charges and Adjustments			$ 669

[1] The write-down of assets relates primarily to owned buildings, land and equipment of those facilities identified for closure. The assets were tested for recoverability at the time the decision to close the facilities was more likely than not to occur. Our methodology for testing the recoverability of the assets is consistent with the methodology described in the "Asset Impairment Charges" section above.

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Accumulated Other Comprehensive Income - Additional Information (Details) (USD $)	9 Months Ended							9 Months Ended		9 Months Ended		0 Months Ended	3 Months Ended	0 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2013	Jan. 31, 2013	Dec. 31, 2012	Sep. 30, 2014 WhiteWave Foods	Jun. 30, 2013 Interest Rate Swap WhiteWave Foods	Sep. 30, 2013 Designated As Hedging Instrument Interest Rate Swap	Jan. 31, 2013 Designated As Hedging Instrument Interest Rate Swap	Jul. 25, 2013 Common Class A WhiteWave Foods	Sep. 30, 2013 Common Class A WhiteWave Foods	Jul. 25, 2013 IPO Common Class A WhiteWave Foods
Derivatives, Fair Value [Line Items]
Prior to the disposition, final mark-to-market adjustment												$ 30,200,000
Common stock shares exchanged for term loan														589,200,000
Gain on sale of investment	0	415,783,000											415,800,000
Notional amount						1,000,000,000					1,000,000,000
Derivative loss reclassified from accumulated other comprehensive income, before tax		28,100,000								28,100,000
Derivative loss reclassified from accumulated other comprehensive income, net of tax		17,300,000								17,300,000
Accumulated other comprehensive loss, before tax									63,400,000
Accumulated other comprehensive loss, net of tax	(54,753,000)	(97,260,000)	(55,237,000)	(57,190,000)	285,955,000		(186,584,000)		38,900,000
Unrealized gain on investment								$ 415,800,000

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Debt - Condensed Consolidating Statement of Cash Flows (Detail) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Cash flows from operating activities:
Net cash provided by (used in) operating activities— continuing operations	$ 48,071	$ (258,628)
Net cash provided by operating activities — discontinued operations	0	14,174
Net cash provided by (used in) operating activities	48,071	(244,454)
Cash flows from investing activities:
Payments for property, plant and equipment	(89,486)	(90,387)
Proceeds from sale of fixed assets	18,688	8,526
Net cash used in investing activities-continuing operations	(70,798)	(81,861)
Net cash provided by (used in) investing activities — discontinued operations	0	1,403,494
Net cash provided by (used in) investing activities	(70,798)	1,321,633
Cash flows from financing activities:
Repayments of debt	(498)	(1,027,196)
Proceeds from senior secured revolver	1,865,745	696,000
Payments for senior secured revolver	(1,868,035)	(961,000)
Proceeds from receivables-backed facility	1,836,000	478,000
Payments for receivables-backed facility	(1,754,000)	(478,000)
Proceeds from short-term credit facility	0	626,750
Payments for short-term credit facility	0	(37,521)
Common stock repurchase	(25,000)	0
Cash dividends paid	(19,654)	0
Payment of financing costs	(3,233)	(6,197)
Issuance of common stock, net of share repurchases for withholding taxes	5,296	17,638
Tax savings on share-based compensation	332	2,139
Net change in intercompany balances	0	0
Net cash provided by (used in) financing activities-continuing operations	36,953	(689,387)
Net cash used in financing activities — discontinued operations	0	(51,584)
Net cash provided by (used in) financing activities	36,953	(740,971)
Effect of exchange rate changes on cash and cash equivalents	(607)	(216)
Increase in cash and cash equivalents	13,619	335,992
Cash and cash equivalents, beginning of period	16,762	24,657
Cash and cash equivalents, end of period	30,381	360,649
Dean Foods Company
Cash flows from operating activities:
Net cash provided by (used in) operating activities— continuing operations		(417,208)
Net cash provided by operating activities — discontinued operations		0
Net cash provided by (used in) operating activities	(39,062)	(417,208)
Cash flows from investing activities:
Payments for property, plant and equipment	0	0
Proceeds from sale of fixed assets	0	0
Net cash used in investing activities-continuing operations		0
Net cash provided by (used in) investing activities — discontinued operations		1,441,322
Net cash provided by (used in) investing activities	0	1,441,322
Cash flows from financing activities:
Repayments of debt	0	(1,027,196)
Proceeds from senior secured revolver	1,865,745	696,000
Payments for senior secured revolver	(1,868,035)	(961,000)
Proceeds from receivables-backed facility	0	0
Payments for receivables-backed facility	0	0
Proceeds from short-term credit facility		626,750
Payments for short-term credit facility		(37,521)
Common stock repurchase	(25,000)
Cash dividends paid	(19,654)
Payment of financing costs	(1,544)	(6,197)
Issuance of common stock, net of share repurchases for withholding taxes	5,296	17,638
Tax savings on share-based compensation	332	2,139
Net change in intercompany balances	108,137	(2,610)
Net cash provided by (used in) financing activities-continuing operations		(691,997)
Net cash used in financing activities — discontinued operations		0
Net cash provided by (used in) financing activities	65,277	(691,997)
Effect of exchange rate changes on cash and cash equivalents	0	0
Increase in cash and cash equivalents	26,215	332,117
Cash and cash equivalents, beginning of period	(12,289)	15,242
Cash and cash equivalents, end of period	13,926	347,359
Guarantor Subsidiaries
Cash flows from operating activities:
Net cash provided by (used in) operating activities— continuing operations		53,877
Net cash provided by operating activities — discontinued operations		0
Net cash provided by (used in) operating activities	113,069	53,877
Cash flows from investing activities:
Payments for property, plant and equipment	(89,486)	(90,387)
Proceeds from sale of fixed assets	18,688	8,526
Net cash used in investing activities-continuing operations		(81,861)
Net cash provided by (used in) investing activities — discontinued operations		0
Net cash provided by (used in) investing activities	(70,798)	(81,861)
Cash flows from financing activities:
Repayments of debt	(498)	0
Proceeds from senior secured revolver	0	0
Payments for senior secured revolver	0	0
Proceeds from receivables-backed facility	0	0
Payments for receivables-backed facility	0	0
Proceeds from short-term credit facility		0
Payments for short-term credit facility		0
Common stock repurchase	0
Cash dividends paid	0
Payment of financing costs	0	0
Issuance of common stock, net of share repurchases for withholding taxes	0	0
Tax savings on share-based compensation	0	0
Net change in intercompany balances	(53,579)	30,661
Net cash provided by (used in) financing activities-continuing operations		30,661
Net cash used in financing activities — discontinued operations		0
Net cash provided by (used in) financing activities	(54,077)	30,661
Effect of exchange rate changes on cash and cash equivalents	0	0
Increase in cash and cash equivalents	(11,806)	2,677
Cash and cash equivalents, beginning of period	17,433	0
Cash and cash equivalents, end of period	5,627	2,677
Non-Guarantor Subsidiaries
Cash flows from operating activities:
Net cash provided by (used in) operating activities— continuing operations		104,703
Net cash provided by operating activities — discontinued operations		14,174
Net cash provided by (used in) operating activities	(25,936)	118,877
Cash flows from investing activities:
Payments for property, plant and equipment	0	0
Proceeds from sale of fixed assets	0	0
Net cash used in investing activities-continuing operations		0
Net cash provided by (used in) investing activities — discontinued operations		(37,828)
Net cash provided by (used in) investing activities	0	(37,828)
Cash flows from financing activities:
Repayments of debt	0	0
Proceeds from senior secured revolver	0	0
Payments for senior secured revolver	0	0
Proceeds from receivables-backed facility	1,836,000	478,000
Payments for receivables-backed facility	(1,754,000)	(478,000)
Proceeds from short-term credit facility		0
Payments for short-term credit facility		0
Common stock repurchase	0
Cash dividends paid	0
Payment of financing costs	(1,689)	0
Issuance of common stock, net of share repurchases for withholding taxes	0	0
Tax savings on share-based compensation	0	0
Net change in intercompany balances	(54,558)	(28,051)
Net cash provided by (used in) financing activities-continuing operations		(28,051)
Net cash used in financing activities — discontinued operations		(51,584)
Net cash provided by (used in) financing activities	25,753	(79,635)
Effect of exchange rate changes on cash and cash equivalents	(607)	(216)
Increase in cash and cash equivalents	(790)	1,198
Cash and cash equivalents, beginning of period	11,618	9,415
Cash and cash equivalents, end of period	$ 10,828	$ 10,613

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General

9 Months Ended

Sep. 30, 2014

Accounting Policies [Abstract]

General

General

Nature of Our Business — We are a leading food and beverage company and the largest processor and direct-to-store distributor of milk and other dairy and dairy case products in the United States. We have aligned our leadership teams, operating strategies and supply chain initiatives under a single operating and reportable segment. We process and distribute fluid milk and other dairy products, including ice cream, ice cream mix and cultured products, which are marketed under more than 50 local and regional dairy brands and a wide array of private labels. We also produce and distribute TruMoo^®, which is our nationally branded, reformulated flavored milk, as well as juices, teas, bottled water and other products.

Basis of Presentation — The unaudited Condensed Consolidated Financial Statements contained in this Quarterly Report on Form 10-Q have been prepared on the same basis as the Consolidated Financial Statements in our Annual Report on Form 10-K for the year ended December 31, 2013 (the “2013 Annual Report on Form 10-K”), which we filed with the Securities and Exchange Commission on February 24, 2014. In our opinion, we have made all necessary adjustments (which include only normal recurring adjustments) to present fairly, in all material respects, our consolidated financial position, results of operations and cash flows as of the dates and for the periods presented. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) have been omitted. Our results of operations for the three and nine month periods ended September 30, 2014 may not be indicative of our operating results for the full year. The unaudited Condensed Consolidated Financial Statements contained in this Quarterly Report on Form 10-Q should be read in conjunction with the Consolidated Financial Statements contained in our 2013 Annual Report on Form 10-K.

Unless otherwise indicated, references in this report to “we,” “us” or “our” refer to Dean Foods Company and its subsidiaries, taken as a whole.

Recently Issued Accounting Pronouncements

In April 2014, the Financial Accounting Standards Board ("FASB") issued FASB Accounting Standards Update ("ASU") No. 2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity, which changes the criteria for determining which disposals can be presented as discontinued operations and modifies related disclosure requirements. We are required to adopt the standard prospectively for new disposals and new classifications of disposal groups as held for sale beginning the first quarter of 2015. We do not expect the adoption of this standard to have a material impact on our financial statements.

In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers. ASU 2014-09 supersedes the revenue recognition requirements in “Revenue Recognition (Topic 605)”, and requires entities to recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled to in exchange for those goods or services. ASU 2014-09 is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Early adoption is not permitted. We are currently evaluating the effect that the adoption of this standard will have on our financial statements.

In June 2014, the FASB issued ASU No. 2014-12, Compensation — Stock Compensation (Topic 718): Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period. ASU No. 2014-12 requires that a performance target that affects vesting and that could be achieved after the requisite service period should be treated as a performance condition. A reporting entity should apply existing guidance in Topic 718 as it relates to awards with performance conditions that affect vesting to account for such awards. As such, the performance target should not be reflected in estimating the grant-date fair value of the award. ASU 2014-12 is effective for annual periods and interim periods within those annual periods beginning after December 15, 2015. Earlier adoption is permitted. We are currently evaluating the effect that the adoption of this standard will have on our financial statements.

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Employee Retirement and Postretirement Benefits - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2014
Compensation and Retirement Disclosure [Abstract]
Minimum requisite service period, years	1 year

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Debt - Schedule of Maturities of Long-Term Debt (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014
Debt Disclosure [Abstract]
2014	$ 164
2015	658
2016	476,682
2017	437,000
2018	71,772
Thereafter	0
Subtotal	986,276
Less discounts	(8,062)
Total outstanding debt	$ 978,214

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Earnings (Loss) Per Share (Tables)

9 Months Ended

Sep. 30, 2014

Earnings Per Share [Abstract]

Reconciliation of Numerators and Denominators Used in Computations of Both Basic and Diluted Earnings Per Share

The following table reconciles the numerators and denominators used in the computations of both basic and diluted EPS:

	Three Months Ended September 30					Nine Months Ended September 30
	2014			2013		2014			2013
	(In thousands, except share data)
Basic earnings (loss) per share computation:
Numerator:
Income (loss) from continuing operations	$	(15,136	)	$	415,518	$	(25,891	)	$	362,721
Denominator:
Average common shares	93,797,183			94,164,101		93,916,848			93,533,631
Basic earnings (loss) per share from continuing operations	$	(0.16	)	$	4.41	$	(0.28	)	$	3.88
Diluted earnings (loss) per share computation:
Numerator:
Income (loss) from continuing operations	$	(15,136	)	$	415,518	$	(25,891	)	$	362,721
Denominator:
Average common shares — basic	93,797,183			94,164,101		93,916,848			93,533,631
Stock option conversion(1)	—			805,976		—			712,038
Stock units(2)	—			367,687		—			331,455
Average common shares — diluted	93,797,183			95,337,764		93,916,848			94,577,124
Diluted earnings (loss) per share from continuing operations	$	(0.16	)	$	4.35	$	(0.28	)	$	3.84
(1) Anti-dilutive common shares excluded	3,421,121			2,949,208		3,638,658			3,758,723
(2) Anti-dilutive stock units excluded	267,771			8,704		306,176			7,949

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Common Stock and Share-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Summary of Stock Option Activity

The following table summarizes stock option activity during the nine months ended September 30, 2014:

	Options		Weighted Average Exercise Price		Weighted Average Contractual Life (Years)	Aggregate Intrinsic Value
Options outstanding at January 1, 2014	5,055,035		$	19.35
Granted	—		—
Forfeited and canceled	(501,716	)	20.90
Exercised	(524,498	)	14.21
Options outstanding at September 30, 2014	4,028,821		$	19.82	3.14	$	1,675,345
Options exercisable at September 30, 2014	3,920,761		$	20.07	3.02	$	1,413,501

Summary of Restricted Stock Unit Activity

The following table summarizes RSU activity during the nine months ended September 30, 2014:

	Employees			Directors (1)			Total
Stock units outstanding at January 1, 2014	680,017			96,273			776,290
Stock units issued	344,421			59,367			403,788
Shares issued upon vesting of stock units	(181,570		)	(42,281		)	(223,851		)
Stock units canceled or forfeited(2)	(183,102		)	(780		)	(183,882		)
Stock units outstanding at September 30, 2014	659,766			112,579			772,345
Weighted average grant date fair value	$	14.64		$	13.75		$	14.52

(1) Directors' stock units include Restricted Stock Awards ("RSAs"), which participate in declared dividends.

(2) Pursuant to the terms of our stock unit plans, employees have the option of forfeiting stock units to cover their minimum statutory tax withholding when shares are issued. Any stock units surrendered or canceled in satisfaction of participants’ tax withholding obligations are not available for future grants under the plans.

Summary of Phantom Share Activity

The following table summarizes the phantom share activity during the nine months ended September 30, 2014:

	Shares		Weighted Average Grant Date Fair Value
Outstanding at January 1, 2014	1,111,059		$	17.72
Granted	581,129		14.25
Converted/paid	(544,309	)	17.70
Forfeited	(87,691	)	16.76
Outstanding at September 30, 2014	1,060,188		$	15.91

Summary of Share-Based Compensation Expense Recognized

The following table summarizes the share-based compensation expense recognized during the three and nine months ended September 30, 2014 and 2013:

	Three Months Ended September 30					Nine Months Ended September 30
	2014		2013			2014		2013
	(In thousands)
Stock Options	$	75	$	418	(1)	$	338	$	6,347	(1)
Stock Units	892		1,467		(1)	3,279		4,010		(1)
Phantom Shares	585		1,626			3,185		6,747
Total	$	1,552	$	3,511		$	6,802	$	17,104

(1) The share-based compensation expense recorded during the three and nine months ended September 30, 2013 includes additional compensation expense of $0.2 million and $5.6 million, respectively, for stock options and $0.4 million and $0.7 million, respectively, for stock units related to the equity modification of share-based compensation pursuant to the WhiteWave spin-off described above.

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Common Stock and Share-Based Compensation - Summary of Restricted Stock Unit Activity (Detail) (Restricted Stock Units (RSUs), USD $)	9 Months Ended
	Sep. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Outstanding at January 1, 2014	776,290
Stock units issued	403,788
Shares issued upon vesting of stock units	(223,851)
Stock units canceled or forfeited	(183,882)	[1]
Outstanding at September 30, 2014	772,345
Weighted average grant date fair value	$ 14.52
Employees
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Outstanding at January 1, 2014	680,017
Stock units issued	344,421
Shares issued upon vesting of stock units	(181,570)
Stock units canceled or forfeited	(183,102)	[1]
Outstanding at September 30, 2014	659,766
Weighted average grant date fair value	$ 14.64
Director
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Outstanding at January 1, 2014	96,273	[2]
Stock units issued	59,367	[2]
Shares issued upon vesting of stock units	(42,281)	[2]
Stock units canceled or forfeited	(780)	[1],[2]
Outstanding at September 30, 2014	112,579	[2]
Weighted average grant date fair value	$ 13.75	[2]

[1] Pursuant to the terms of our stock unit plans, employees have the option of forfeiting stock units to cover their minimum statutory tax withholding when shares are issued. Any stock units surrendered or canceled in satisfaction of participants’ tax withholding obligations are not available for future grants under the plans.

[2] Directors' stock units include Restricted Stock Awards ("RSAs"), which participate in declared dividends.

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Debt - Additional Information (Detail) (USD $) Share data in Millions, except Per Share data, unless otherwise specified	9 Months Ended									3 Months Ended	12 Months Ended				3 Months Ended	12 Months Ended		9 Months Ended			1 Months Ended		1 Months Ended			9 Months Ended	1 Months Ended		9 Months Ended	1 Months Ended			1 Months Ended	9 Months Ended						0 Months Ended						0 Months Ended		0 Months Ended
	Sep. 30, 2014 entity	Sep. 30, 2013	Sep. 30, 2014 Senior secured credit facility	Sep. 30, 2014 Dean Foods Company	Sep. 30, 2013 Dean Foods Company	Sep. 30, 2014 Dean Foods Company Senior secured credit facility		Dec. 31, 2013 Dean Foods Company Senior secured credit facility		Dec. 31, 2013 Dean Foods Company Senior Notes Due 2018	Dec. 31, 2011 Dean Foods Company Senior Notes Due 2018	Sep. 30, 2014 Dean Foods Company Senior Notes Due 2018	Aug. 31, 2011 Dean Foods Company Senior Notes Due 2018	Dec. 31, 2010 Dean Foods Company Senior Notes Due 2018	Dec. 31, 2013 Dean Foods Company Senior Notes Due 2016	Dec. 31, 2006 Dean Foods Company Senior Notes Due 2016	Sep. 30, 2014 Dean Foods Company Senior Notes Due 2016	Sep. 30, 2014 Subsidiary Senior Notes Due 2017	Sep. 30, 2014 Senior Secured Revolving Credit Facility	Aug. 31, 2014 Amended Senior Secured Revolving Credit Facility Senior secured credit facility	Jul. 31, 2013 Five Year Senior Secured Credit Facility	Sep. 30, 2014 Five Year Senior Secured Credit Facility Minimum	Jul. 31, 2013 Five Year Senior Secured Credit Facility Maximum	Jul. 31, 2013 Five Year Senior Secured Credit Facility Letter of Credit	Jul. 31, 2013 Five Year Senior Secured Credit Facility Swing Line Loan	Sep. 30, 2014 Five Year Senior Secured Credit Facility Libor Plus Margin	Jul. 31, 2013 Five Year Senior Secured Credit Facility Libor Plus Margin Minimum	Jul. 31, 2013 Five Year Senior Secured Credit Facility Libor Plus Margin Maximum	Sep. 30, 2014 Five Year Senior Secured Credit Facility Alternate Base Rate Plus Margin	Jul. 31, 2013 Five Year Senior Secured Credit Facility Alternate Base Rate Plus Margin Minimum	Jul. 31, 2013 Five Year Senior Secured Credit Facility Alternate Base Rate Plus Margin Maximum	Sep. 30, 2014 Amendment To Five Year Senior Secured Credit Facility Maximum	Feb. 29, 2012 Receivables Securitization Facility installment	Sep. 30, 2014 Receivables Securitization Facility	Sep. 30, 2014 Receivables Securitization Facility Letter of Credit	Sep. 30, 2014 Amendment To Receivables Securitization Facility Maximum	Sep. 30, 2014 Modified Receivables Securitization Facility Letter of Credit	Aug. 31, 2014 Modified Receivables Securitization Facility Letter of Credit	May 31, 2014 Modified Receivables Securitization Facility Letter of Credit	Jul. 11, 2013 Short Term Credit Facilities term_loan	Jul. 11, 2013 Short Term Credit Facilities	Jul. 11, 2013 Short Term Credit Facilities Minimum	Jul. 11, 2013 Short Term Credit Facilities Maximum	Jul. 11, 2013 Term Loan One	Jul. 11, 2013 Term Loan Two	Jul. 25, 2013 WhiteWave Foods Common Class A	Jul. 25, 2013 WhiteWave Foods Common Class A	Jul. 25, 2013 IPO WhiteWave Foods Common Class A underwriter
Debt Instrument [Line Items]
Loan term																					5 years
Amount borrowed under credit facility																					$ 750,000,000			$ 200,000,000	$ 150,000,000									$ 550,000,000			$ 350,000,000		$ 300,000,000
Potential change in borrowing capacity																							500,000,000
Debt instrument, maturity date																					Jul. 31, 2018													Jun. 12, 2017
Debt fees																				1,000,000																		600,000
Loans outstanding under the new senior secured credit facility interest rate																										2.50%	1.25%	2.75%	1.50%	0.25%	1.75%									2.50%
Percentage of guarantor's first tier foreign subsidiaries			65.00%
Secured debt						47,960,000		50,250,000
Average daily balance under facility																			57,300,000															244,500,000
Letters of credit outstanding amount																			0															0
Number of wholly-owned bankruptcy remote entities	2
Line of credit, current borrowing capacity																																		550,000,000
Total receivables sold																																		718,500,000
Proceeds from receivables-backed facility	1,836,000,000	478,000,000		0	0
Repayments of Other Debt	1,754,000,000	478,000,000		0	0
Line of credit, amount outstanding																																		295,000,000	212,300,000
Line of credit facility outstanding, remaining borrowing capacity																																		42,700,000
Maximum consolidated net leverage ratio, prior to September 30, 2014																																5.25				5.25
Maximum consolidated net leverage ratio, prior to March 31, 2015																																5.00				5.00
Maximum consolidated net leverage ratio, prior to June 30, 2015																																4.5				4.50
Maximum consolidated net leverage ratio, after June 30, 2015																																4.0				4.00
Maximum senior secured net leverage ratio																																2.50
Maximum consolidated net leverage ratio, prior to September 30, 2014																						3.00
Number of term loans																																								2
Term loans aggregate principal amount																																									626,750,000			545,000,000	81,750,000
Consolidated net leverage ratio																																											4.00
Consolidated interest coverage ratio																																										3.00
Number of shares for public offering																																														34.4
Price per share for public offering (in dollars per share)																																															$ 17.75
Common stock shares exchanged for term loan																																																589,200,000
Number of underwriters in the offering																																																2
Issuance of standby letter of credit																																	80,000,000	37,700,000
Number of payment installments																																	4
Debt instrument, principal amount													400,000,000	400,000,000		500,000,000		142,000,000
Debt instrument, interest rate														9.75%		7.00%
Borrowings repaid										376,200,000					23,800,000
Debt instrument, maturity date											Dec. 15, 2018					Jun. 30, 2016		Oct. 15, 2017
Senior notes												$ 23,812,000					$ 475,757,000	$ 134,369,000
Weighted average rate (percent)						2.16%	[1]	1.67%	[1]									6.90%
Ownership percent	100.00%

[1] Represents a weighted average rate, including applicable interest rate margins, for the credit facility.

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Accumulated Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Sep. 30, 2014

Equity [Abstract]

Changes in Accumulated Other Comprehensive Income (Loss) by Component, Net of Tax

The changes in accumulated other comprehensive income (loss) by component, net of tax, during the nine months ended September 30, 2014 were as follows (in thousands):

	Changes in Cash Flow  Hedges				Pension and  Other Postretirement Benefits Items				Foreign  Currency Items			Total
Balance, December 31, 2013	$	423			$	(57,224	)		$	(389	)	$	(57,190	)
Other comprehensive income (loss) before reclassifications	(101		)		5,249				291			5,439
Amounts reclassified from accumulated other comprehensive loss	(220		)	(1)	(2,782		)	(2)	—			(3,002		)
Net current-period other comprehensive income (loss)	(321		)		2,467				291			2,437
Balance, September 30, 2014	$	102			$	(54,757	)		$	(98	)	$	(54,753	)

(1) The accumulated other comprehensive loss component is related to the hedging activity amount at December 31, 2013 that was reclassified to operating income as we de-designated our cash flow hedges. See Note 6.

(2) The accumulated other comprehensive loss reclassification components are related to amortization of unrecognized actuarial losses and prior service costs, both of which are included in the computation of net periodic pension cost. See Note 10.

The changes in accumulated other comprehensive income (loss) by component, net of tax, during the nine months ended September 30, 2013 were as follows (in thousands):

	Changes in Cash Flow  Hedges				Pension and  Other Postretirement Benefits Items				Foreign  Currency Items			Total			Non- controlling Interest
Balance, December 31, 2012	$	(58,452	)		$	(105,845	)		$	(22,287	)	$	(186,584	)	$	(3,683	)
Other comprehensive income (loss) before reclassifications	8				13,181				(9,159		)	4,030			(1,378		)
Amounts reclassified from accumulated other comprehensive income (loss)	58,476			(1)	(6,207		)	(2)	—			52,269			(6		)
Net current-period other comprehensive income (loss)	58,484				6,974				(9,159		)	56,299			(1,384		)
Spin-off of WhiteWave Foods	182				1,552				31,291			33,025			5,067
Balance, September 30, 2013	$	214			$	(97,319	)		$	(155	)	$	(97,260	)	$	—

(1) In January 2013, we terminated $1 billion aggregate notional amount of interest rate swaps with maturity dates in 2013 and 2016. As a result of these terminations, we reclassified total losses of $28.1 million ($17.3 million net of tax) previously recorded in accumulated other comprehensive income to earnings, as a component of interest expense. Additionally, upon completion of the WhiteWave spin-off in May 2013, we determined that the underlying hedged forecasted transactions related to the novated swaps were no longer probable; therefore, during the three months ended June 30, 2013, we reclassified total losses of $63.4 million ($38.9 million, net of tax) recorded in accumulated other comprehensive income associated with these swaps to earnings, as a component of interest expense. See Note 6 for further information regarding our interest rate swaps.

(2) The accumulated other comprehensive loss reclassification components are related to amortization of unrecognized actuarial losses and prior service costs, both of which are included in the computation of net periodic pension cost. See Note 10.

The changes in accumulated other comprehensive income (loss) by component, net of tax, during the three months ended September 30, 2014 were as follows (in thousands):

	Changes in Cash Flow  Hedges			Pension and  Other Postretirement Benefits Items				Foreign  Currency Items			Total
Balance, June 30, 2014	$	118		$	(55,687	)		$	332		$	(55,237	)
Other comprehensive income (loss) before reclassifications	(16		)	1,857				(430		)	1,411
Amounts reclassified from accumulated other comprehensive loss	—			(927		)	(1)	—			(927		)
Net current-period other comprehensive income (loss)	(16		)	930				(430		)	484
Balance, September 30, 2014	$	102		$	(54,757	)		$	(98	)	$	(54,753	)

(1) The accumulated other comprehensive loss reclassification components are related to amortization of unrecognized actuarial losses and prior service costs, both of which are included in the computation of net periodic pension cost. See Note 10.

The changes in accumulated other comprehensive income (loss) by component, net of tax, during the three months ended September 30, 2013 were as follows (in thousands):

	Changes in Cash Flow  Hedges				Pension and  Other Postretirement Benefits Items				Unrealized Gains/Losses  on Available-For-Sale Securities			Foreign  Currency Items			Total
Balance, June 30, 2013	$	(124	)		$	(99,358	)		$	385,552		$	(115	)	$	285,955
Other comprehensive income (loss) before reclassifications	162				4,108				30,231			(40		)	34,461
Amounts reclassified from accumulated other comprehensive income (loss)	176			(1)	(2,069		)	(2)	(415,783		)	—			(417,676		)
Net current-period other comprehensive income (loss)	338				2,039				(385,552		)	(40		)	(383,215		)
Balance, September 30, 2013	$	214			$	(97,319	)		$	—		$	(155	)	$	(97,260	)

(1) The accumulated other comprehensive loss reclassification components affect distribution expense or cost of sales, depending on the commodity type. See Note 6 and the additional details below.

(2) The accumulated other comprehensive loss reclassification components are related to amortization of unrecognized actuarial losses and prior service costs, both of which are included in the computation of net periodic pension cost. See Note 10.

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Employee Retirement and Postretirement Benefits (Tables)

9 Months Ended

Sep. 30, 2014

Defined Benefit Plans

Defined Benefit Plan Disclosure [Line Items]

Components of Net Periodic Benefit Cost

The following table sets forth the components of net periodic benefit cost for our defined benefit plans during the three and nine months ended September 30, 2014 and 2013:

	Three Months Ended September 30						Nine Months Ended September 30
	2014			2013			2014			2013
	(In thousands)
Components of net periodic benefit cost:
Service cost	$	770		$	923		$	2,310		$	2,769
Interest cost	3,495			3,128			10,485			9,384
Expected return on plan assets	(4,690		)	(4,633		)	(14,070		)	(13,899		)
Amortizations:
Prior service cost	197			198			591			594
Unrecognized net loss	1,276			3,098			3,828			9,294
Net periodic benefit cost	$	1,048		$	2,714		$	3,144		$	8,142

Postretirement Benefits

Defined Benefit Plan Disclosure [Line Items]

Components of Net Periodic Benefit Cost

The following table sets forth the components of net periodic benefit cost for our postretirement benefit plans during the three and nine months ended September 30, 2014 and 2013:

	Three Months Ended September 30				Nine Months Ended September 30
	2014		2013		2014		2013
	(In thousands)
Components of net periodic benefit cost:
Service cost	$	206	$	204	$	618	$	612
Interest cost	416		306		1,248		918
Amortizations:
Prior service cost	16		6		48		18
Unrecognized net loss	19		75		57		225
Net periodic benefit cost	$	657	$	591	$	1,971	$	1,773

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Cash flows from operating activities:
Net income (loss)	$ (25,573)	$ 857,034
(Income) loss from discontinued operations, net of tax	836	(2,891)
Gain on sale of discontinued operations, net of tax	(1,154)	(491,422)
Adjustments to reconcile net income (loss) to net cash flows from operating activities:
Depreciation and amortization	122,649	131,651
Share-based compensation expense	6,802	17,104
(Gain) loss on divestitures and other, net	(6,391)	978
Impairment of long-lived assets	7,400	41,941
Gain on disposition of WhiteWave common stock	0	(415,783)
Write-off of financing costs	0	6,791
Recognition of accumulated losses from de-designated cash flow hedges	0	63,454
Deferred income taxes	56,623	(15,667)
Litigation settlement adjustment	(2,521)	(1,019)
Other, net	3,079	(197)
Changes in operating assets and liabilities:
Receivables, net	(25,679)	62,351
Inventories	(16,666)	3,597
Prepaid expenses and other assets	16,573	(3,227)
Accounts payable and accrued expenses	(44,078)	(131,418)
Termination of interest rate swap liability	0	(28,147)
Income tax receivable/payable	(25,224)	(336,050)
Long-term litigation settlements	(18,605)	(18,727)
Net cash provided by (used in) operating activities-continuing operations	48,071	(258,628)
Net cash provided by operating activities-discontinued operations	0	14,174
Net cash provided by (used in) operating activities	48,071	(244,454)
Cash flows from investing activities:
Payments for property, plant and equipment	(89,486)	(90,387)
Proceeds from sale of fixed assets	18,688	8,526
Net cash used in investing activities-continuing operations	(70,798)	(81,861)
Net cash provided by investing activities-discontinued operations	0	1,403,494
Net cash provided by (used in) investing activities	(70,798)	1,321,633
Cash flows from financing activities:
Repayments of debt	(498)	(1,027,196)
Proceeds from senior secured revolver	1,865,745	696,000
Payments for senior secured revolver	(1,868,035)	(961,000)
Proceeds from receivables-backed facility	1,836,000	478,000
Payments for receivables-backed facility	(1,754,000)	(478,000)
Proceeds from short-term credit facility	0	626,750
Payments for short-term credit facility	0	(37,521)
Common stock repurchase	(25,000)	0
Cash dividends paid	(19,654)	0
Payments of financing costs	(3,233)	(6,197)
Issuance of common stock, net of share repurchases for withholding taxes	5,296	17,638
Tax savings on share-based compensation	332	2,139
Net cash provided by (used in) financing activities-continuing operations	36,953	(689,387)
Net cash used in financing activities-discontinued operations	0	(51,584)
Net cash provided by (used in) financing activities	36,953	(740,971)
Effect of exchange rate changes on cash and cash equivalents	(607)	(216)
Increase in cash and cash equivalents	13,619	335,992
Cash and cash equivalents, beginning of period	16,762	24,657
Cash and cash equivalents, end of period	30,381	360,649
Significant non-cash activity:
Disposition of retained investment in WhiteWave	$ 0	$ 589,229

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Asset Impairment Charges and Facility Closing and Reorganization Costs (Tables)

9 Months Ended

Sep. 30, 2014

Restructuring and Related Activities [Abstract]

Approved Plans and Related Charges

Approved plans within our multi-year initiatives and related charges are summarized as follows:

	Three Months Ended September 30				Nine Months Ended September 30
	2014		2013		2014		2013
	(In thousands)
Closure of Facilities(1)	$	2,805	$	6,667	$	4,510	$	11,842
Functional Realignment(2)	—		186		—		704
Field and Functional Reorganization (3)	—		415		—		5,266
Other	—		—		—		5
Total	$	2,805	$	7,268	$	4,510	$	17,817

(1) These charges in 2014 and 2013 primarily relate to facility closures in Riverside, California; Delta, Colorado; Denver, Colorado; Dallas, Texas; Waco, Texas; Springfield, Virginia; Buena Park, California; Evart, Michigan; Bangor, Maine; Shreveport, Louisiana; and Mendon, Massachusetts; as well as other approved closures. We have incurred $42.7 million of charges related to these initiatives to date. We expect to incur additional charges related to these facility closures of approximately $3.7 million related to contract termination, shutdown and other costs. As we continue the evaluation of our supply chain and distribution network, as well as our accelerated cost reduction efforts, it is likely that we will close additional facilities in the future.

(2) The Functional Realignment initiative was focused on aligning key functions within our legacy Fresh Dairy Direct operations under a single leadership team and permanently removing certain costs from the organization. We have incurred total charges of approximately $33.1 million under this initiative as of September 30, 2013, and we do not expect to incur any material future charges related to this plan.

(3) The Field and Functional Reorganization initiative streamlined the leadership structure and has enabled faster decision-making and created enhanced opportunities to strategically build our business. We have incurred total charges of $11.3 million under this plan as of September 30, 2013, all of which were associated with headcount reductions. We do not currently anticipate incurring any material charges under this plan going forward.

Facility Closing and Reorganization Costs

Activity with respect to facility closing and reorganization costs during the nine months ended September 30, 2014 is summarized below and includes items expensed as incurred:

	Accrued Charges at December 31, 2013		Charges and Adjustments			Payments			Accrued Charges at September 30, 2014
	(In thousands)
Cash charges:
Workforce reduction costs	$	9,028	$	(1,916	)	$	(4,519	)	$	2,593
Shutdown costs	—		3,366			(3,366		)	—
Lease obligations after shutdown	8,361		359			(1,504		)	7,216
Other	—		401			(401		)	—
Subtotal	$	17,389	2,210			$	(9,790	)	$	9,809
Noncash charges:
Write-down of assets (1)			1,631
Other, net			669
Total charges			$	4,510

(1) The write-down of assets relates primarily to owned buildings, land and equipment of those facilities identified for closure. The assets were tested for recoverability at the time the decision to close the facilities was more likely than not to occur. Our methodology for testing the recoverability of the assets is consistent with the methodology described in the "Asset Impairment Charges" section above.

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Goodwill and Intangible Assets - Gross Carrying Amount and Accumulated Amortization of Intangible Assets Other Than Goodwill (Detail) (USD $) In Thousands, unless otherwise specified	9 Months Ended	12 Months Ended
	Sep. 30, 2014	Dec. 31, 2013
Finite-Lived Intangible Assets, Net [Abstract]
Intangible assets with finite lives, Gross Carrying Amount	$ 279,002	$ 279,002
Intangible assets with finite lives, Accumulated Amortization	(35,754)	(33,577)
Intangible assets with finite lives, Net Carrying Amount	243,248	245,425
Customer-Related and Other
Finite-Lived Intangible Assets, Net [Abstract]
Intangible assets with finite lives, Gross Carrying Amount	49,225	49,225
Intangible assets with finite lives, Accumulated Amortization	(30,509)	(28,575)
Intangible assets with finite lives, Net Carrying Amount	18,716	20,650
Trademarks
Finite-Lived Intangible Assets, Net [Abstract]
Intangible assets with finite lives, Gross Carrying Amount	8,096	8,096
Intangible assets with finite lives, Accumulated Amortization	(5,245)	(5,002)
Intangible assets with finite lives, Net Carrying Amount	2,851	3,094
Trademarks
Indefinite-Lived Intangible Assets, Net [Abstract]
Intangible assets with indefinite lives, Gross Carrying Amount	221,681	221,681
Intangible assets with indefinite lives, Accumulated Amortization	0	0
Intangible assets with indefinite lives, Net Carrying Amount	$ 221,681	$ 221,681

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Summary of SERP Assets Measured at Fair Value on Recurring Basis (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Money Market Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
SERP assets measured at fair value on a recurring basis	$ 35	$ 5
Mutual Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
SERP assets measured at fair value on a recurring basis	1,956	2,103
Level 1 | Money Market Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
SERP assets measured at fair value on a recurring basis	0	0
Level 1 | Mutual Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
SERP assets measured at fair value on a recurring basis	0	0
Level 2 | Money Market Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
SERP assets measured at fair value on a recurring basis	35	5
Level 2 | Mutual Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
SERP assets measured at fair value on a recurring basis	1,956	2,103
Level 3 | Money Market Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
SERP assets measured at fair value on a recurring basis	0	0
Level 3 | Mutual Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
SERP assets measured at fair value on a recurring basis	$ 0	$ 0

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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Current assets:
Cash and cash equivalents	$ 30,381	$ 16,762
Receivables, net allowances of $14,869 and $12,083	776,741	752,234
Income tax receivable	40,663	15,915
Inventories	279,691	262,858
Deferred income taxes	48,395	60,143
Prepaid expenses and other current assets	37,687	42,786
Total current assets	1,213,558	1,150,698
Property, plant and equipment, net	1,180,990	1,216,047
Goodwill	86,841	86,841
Identifiable intangible and other assets, net	295,780	312,836
Deferred income taxes	12,721	35,623
Total	2,789,890	2,802,045
Current liabilities:
Accounts payable and accrued expenses	768,063	761,288
Current portion of debt	698	698
Current portion of litigation settlements	18,853	19,101
Total current liabilities	787,614	781,087
Long-term debt	977,516	896,564
Deferred income taxes	124,831	100,691
Other long-term liabilities	228,032	273,314
Long-term litigation settlements	16,698	36,074
Commitments and contingencies (Note 12)
Dean Foods Company stockholders' equity:
Preferred stock, none issued	0	0
Common stock, 93,820,727 and 94,831,377 shares issued and outstanding, with a par value of $0.01 per share	938	948
Additional paid-in capital	755,306	791,276
Accumulated deficit	(46,292)	(20,719)
Accumulated other comprehensive loss	(54,753)	(57,190)
Total stockholders’ equity	655,199	714,315
Total	$ 2,789,890	$ 2,802,045

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Debt - Condensed Consolidating Balance Sheet (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2013	Dec. 31, 2012
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	$ 30,381	$ 16,762	$ 360,649	$ 24,657
Receivables, net	776,741	752,234
Income tax receivable	40,663	15,915
Inventories	279,691	262,858
Intercompany receivables	0	0
Other current assets	86,082	102,929
Total current assets	1,213,558	1,150,698
Property, plant and equipment, net	1,180,990	1,216,047
Goodwill	86,841	86,841
Identifiable intangible and other assets, net	308,501	348,459
Investment in subsidiaries	0	0
Total	2,789,890	2,802,045
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable and accrued expenses	768,063	761,288
Intercompany payables	0	0
Current portion of debt	698	698
Current portion of litigation settlements	18,853	19,101
Total current liabilities	787,614	781,087
Long-term debt	977,516	896,564
Other long-term liabilities	352,863	374,005
Long-term litigation settlements	16,698	36,074
Total stockholders’ equity	655,199	714,315
Total	2,789,890	2,802,045
Dean Foods Company
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	13,926	(12,289)	347,359	15,242
Receivables, net	2,086	1,932
Income tax receivable	32,568	10,374
Inventories	0	0
Intercompany receivables	0	0
Other current assets	(903)	6,944
Total current assets	47,677	6,961
Property, plant and equipment, net	0	0
Goodwill	0	0
Identifiable intangible and other assets, net	58,725	90,269
Investment in subsidiaries	6,636,135	6,633,000
Total	6,742,537	6,730,230
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable and accrued expenses	48,824	47,284
Intercompany payables	5,412,006	5,304,051
Current portion of debt	0	0
Current portion of litigation settlements	18,853	19,101
Total current liabilities	5,479,683	5,370,436
Long-term debt	547,529	549,641
Other long-term liabilities	43,428	59,764
Long-term litigation settlements	16,698	36,074
Total stockholders’ equity	655,199	714,315
Total	6,742,537	6,730,230
Guarantor Subsidiaries
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	5,627	17,433	2,677	0
Receivables, net	71,999	72,660
Income tax receivable	8,095	5,541
Inventories	279,691	262,858
Intercompany receivables	5,778,783	5,728,284
Other current assets	86,769	95,927
Total current assets	6,230,964	6,182,703
Property, plant and equipment, net	1,180,958	1,215,888
Goodwill	86,841	86,841
Identifiable intangible and other assets, net	249,764	258,109
Investment in subsidiaries	52,563	72,345
Total	7,801,090	7,815,886
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable and accrued expenses	719,939	713,625
Intercompany payables	0	0
Current portion of debt	698	698
Current portion of litigation settlements	0	0
Total current liabilities	720,637	714,323
Long-term debt	134,987	133,923
Other long-term liabilities	309,331	314,149
Long-term litigation settlements	0	0
Total stockholders’ equity	6,636,135	6,653,491
Total	7,801,090	7,815,886
Non-Guarantor Subsidiaries
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	10,828	11,618	10,613	9,415
Receivables, net	702,656	677,642
Income tax receivable	0	0
Inventories	0	0
Intercompany receivables	0	(1)
Other current assets	216	58
Total current assets	713,700	689,317
Property, plant and equipment, net	32	159
Goodwill	0	0
Identifiable intangible and other assets, net	12	81
Investment in subsidiaries	0	0
Total	713,744	689,557
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable and accrued expenses	62	554
Intercompany payables	366,015	424,057
Current portion of debt	0	0
Current portion of litigation settlements	0	0
Total current liabilities	366,077	424,611
Long-term debt	295,000	213,000
Other long-term liabilities	104	92
Long-term litigation settlements	0	0
Total stockholders’ equity	52,563	51,854
Total	713,744	689,557
Eliminations
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	0	0
Receivables, net	0	0
Income tax receivable	0	0
Inventories	0	0
Intercompany receivables	(5,778,783)	(5,728,283)
Other current assets	0	0
Total current assets	(5,778,783)	(5,728,283)
Property, plant and equipment, net	0	0
Goodwill	0	0
Identifiable intangible and other assets, net	0	0
Investment in subsidiaries	(6,688,698)	(6,705,345)
Total	(12,467,481)	(12,433,628)
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable and accrued expenses	(762)	(175)
Intercompany payables	(5,778,021)	(5,728,108)
Current portion of debt	0	0
Current portion of litigation settlements	0	0
Total current liabilities	(5,778,783)	(5,728,283)
Long-term debt	0	0
Other long-term liabilities	0	0
Long-term litigation settlements	0	0
Total stockholders’ equity	(6,688,698)	(6,705,345)
Total	$ (12,467,481)	$ (12,433,628)

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CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (DEFICIT) (USD $) In Thousands, except Share data, unless otherwise specified		Total	Common Stock		Additional Paid-in Capital		Retained Earnings(Accumulated Deficit)	Accumulated Other Comprehensive Income (Loss)	Non- controlling Interest
Balance at Dec. 31, 2012		$ 459,628	$ 928	[1]	$ 1,376,740	[1]	$ (833,897)	$ (186,584)	$ 102,441
Balance, Shares at Dec. 31, 2012	[1]		92,781,767
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock, net of tax impact of share-based compensation		15,369	16	[1]	15,353	[1]
Issuance of common stock, net of tax impact of share-based compensation (in shares)	[1]		1,584,156
Share-based compensation expense		10,441			10,441	[1]
Repurchase of common stock (in shares)			0
Share-based compensation expense for subsidiary shares		7,733							7,733
Net income attributable to non-controlling interest		6,179							6,179
Net loss		850,855					850,855
Other comprehensive income (loss):
Change in fair value of derivative instruments, net of tax		18						8	10
Amounts reclassified to income statement related to hedging activities, net of tax		58,476						58,476
Cumulative translation adjustment		(10,557)						(9,159)	(1,398)
Pension and other postretirement benefit liability adjustment, net of tax		6,978						6,974	4
Spin-Off of The WhiteWave Foods Company		(699,026)			(617,082)	[1]		33,025	(114,969)
Balance at Sep. 30, 2013		706,094	944	[1]	785,452	[1]	16,958	(97,260)	0
Balance, Shares at Sep. 30, 2013	[1]		94,365,923
Balance at Jun. 30, 2013
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Repurchase of common stock (in shares)			0
Net income attributable to non-controlling interest		0
Net loss		415,120
Other comprehensive income (loss):
Cumulative translation adjustment		(40)
Pension and other postretirement benefit liability adjustment, net of tax		2,039
Balance at Sep. 30, 2013		706,094	944	[1]
Balance, Shares at Sep. 30, 2013	[1]		94,365,923
Balance at Dec. 31, 2013		714,315	948		791,276		(20,719)	(57,190)
Balance, Shares at Dec. 31, 2013		94,831,377	94,831,377
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock, net of tax impact of share-based compensation		5,460	7		5,453
Issuance of common stock, net of tax impact of share-based compensation (in shares)			716,625
Share-based compensation expense		3,214			3,214
Repurchase of common stock		(25,000)	(17)		(24,983)
Repurchase of common stock (in shares)			(1,727,275)
Cash dividends paid		(19,654)			(19,654)
Net income attributable to non-controlling interest		0
Net loss		(25,573)					(25,573)
Other comprehensive income (loss):
Change in fair value of derivative instruments, net of tax		(101)						(101)
Amounts reclassified to income statement related to hedging activities, net of tax		(220)						(220)
Cumulative translation adjustment		291						291
Pension and other postretirement benefit liability adjustment, net of tax		2,467						2,467
Balance at Sep. 30, 2014		655,199	938		755,306		(46,292)	(54,753)
Balance, Shares at Sep. 30, 2014		93,820,727	93,820,727
Balance at Jun. 30, 2014
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Repurchase of common stock (in shares)			0
Cash dividends paid		(6,500)
Net income attributable to non-controlling interest		0
Net loss		(15,972)
Other comprehensive income (loss):
Cumulative translation adjustment		(430)
Pension and other postretirement benefit liability adjustment, net of tax		930
Balance at Sep. 30, 2014		$ 655,199	$ 938
Balance, Shares at Sep. 30, 2014		93,820,727	93,820,727

[1] Common Stock and Additional Paid-In Capital at December 31, 2012 have been adjusted retroactively to reflect a 1-for-2 reverse stock split effected August 26, 2013.

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Earnings Per Share - Reconciliation of Numerators and Denominators Used in Computations of Both Basic and Diluted Earnings Per Share (Detail) (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended				9 Months Ended
	Sep. 30, 2014		Sep. 30, 2013		Sep. 30, 2014		Sep. 30, 2013
Basic earnings (loss) per share computation:
Income (loss) from continuing operations	$ (15,136)		$ 415,518		$ (25,891)		$ 362,721
Average common shares	93,797,183		94,164,101		93,916,848		93,533,631
Basic earnings (loss) per share from continuing operations (in dollars per share)	$ (0.16)		$ 4.41		$ (0.28)		$ 3.88
Diluted earnings (loss) per share computation:
Income (loss) from continuing operations	$ (15,136)		$ 415,518		$ (25,891)		$ 362,721
Average common shares	93,797,183		94,164,101		93,916,848		93,533,631
Stock option conversion	0	[1]	805,976	[1]	0	[1]	712,038	[1]
Stock units	0	[2]	367,687	[2]	0	[2]	331,455	[2]
Average common shares — diluted	93,797,183		95,337,764		93,916,848		94,577,124
Diluted earnings (loss) per share from continuing operations (in dollars per share)	$ (0.16)		$ 4.35		$ (0.28)		$ 3.84
Common Stock
Diluted earnings (loss) per share computation:
Anti-dilutive securities excluded	3,421,121		2,949,208		3,638,658		3,758,723
Stock Units
Diluted earnings (loss) per share computation:
Anti-dilutive securities excluded	267,771		8,704		306,176		7,949

[1] Anti-dilutive common shares excluded 3,421,121, 2,949,208, 3,638,658, & 3,758,723

[2] Anti-dilutive stock units excluded 267,771 , 8,704, 306,176, & 7,949

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Discontinued Operations And Divestitures - Summary of Operating Results And Certain Other Directly Attributable Expenses (Detail) (USD $)	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net sales		$ 946,350,000
Income before income taxes		57,235,000
Income tax		(54,344,000)
Net income	(836,000)	2,891,000
WhiteWave Foods
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net sales		940,431,000
Income before income taxes		57,126,000
Income tax		(54,306,000)	[1]
Net income		2,820,000
Deferred intercompany transactions		31,100,000
Morningstar
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net sales		5,919,000
Income before income taxes		109,000
Income tax		(38,000)
Net income		$ 71,000

[1] The income tax expense attributable to WhiteWave during the nine months ended September 30, 2013 includes approximately $31.1 million related to certain deferred intercompany transactions which were recognized upon the completion of the WhiteWave spin-off. Because these liabilities arose as a direct result of the spin-off of WhiteWave, we have reflected the income statement impact of such liabilities as a component of discontinued operations.

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Facility Closing and Reorganization Costs - Approved Plans and Related Charges (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended				9 Months Ended
	Sep. 30, 2014		Sep. 30, 2013		Sep. 30, 2014		Sep. 30, 2013
Restructuring Cost and Reserve [Line Items]
Closure of Facilities	$ 2,805	[1]	$ 6,667	[1]	$ 4,510	[1]	$ 11,842	[1]
Other	0		0		0		5
Charges and Adjustments	2,805		7,268		4,510		17,817
Functional Realignment
Restructuring Cost and Reserve [Line Items]
Functional Realignment	0	[2]	186	[2]	0	[2]	704	[2]
Field and Functional Reorganization
Restructuring Cost and Reserve [Line Items]
Field and Functional Reorganization	$ 0	[3]	$ 415	[3]	$ 0	[3]	$ 5,266	[3]

[1] These charges in 2014 and 2013 primarily relate to facility closures in Riverside, California; Delta, Colorado; Denver, Colorado; Dallas, Texas; Waco, Texas; Springfield, Virginia; Buena Park, California; Evart, Michigan; Bangor, Maine; Shreveport, Louisiana; and Mendon, Massachusetts; as well as other approved closures. We have incurred $42.7 million of charges related to these initiatives to date. We expect to incur additional charges related to these facility closures of approximately $3.7 million related to contract termination, shutdown and other costs. As we continue the evaluation of our supply chain and distribution network, as well as our accelerated cost reduction efforts, it is likely that we will close additional facilities in the future.

[2] The Functional Realignment initiative was focused on aligning key functions within our legacy Fresh Dairy Direct operations under a single leadership team and permanently removing certain costs from the organization. We have incurred total charges of approximately $33.1 million under this initiative as of September 30, 2013, and we do not expect to incur any material future charges related to this plan.

[3] The Field and Functional Reorganization initiative streamlined the leadership structure and has enabled faster decision-making and created enhanced opportunities to strategically build our business. We have incurred total charges of $11.3 million under this plan as of September 30, 2013, all of which were associated with headcount reductions. We do not currently anticipate incurring any material charges under this plan going forward.

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General (Policies)

9 Months Ended

Sep. 30, 2014

Accounting Policies [Abstract]

Nature of Our Business

Nature of Our Business — We are a leading food and beverage company and the largest processor and direct-to-store distributor of milk and other dairy and dairy case products in the United States. We have aligned our leadership teams, operating strategies and supply chain initiatives under a single operating and reportable segment. We process and distribute fluid milk and other dairy products, including ice cream, ice cream mix and cultured products, which are marketed under more than 50 local and regional dairy brands and a wide array of private labels. We also produce and distribute TruMoo^®, which is our nationally branded, reformulated flavored milk, as well as juices, teas, bottled water and other products.

Basis of Presentation

Basis of Presentation — The unaudited Condensed Consolidated Financial Statements contained in this Quarterly Report on Form 10-Q have been prepared on the same basis as the Consolidated Financial Statements in our Annual Report on Form 10-K for the year ended December 31, 2013 (the “2013 Annual Report on Form 10-K”), which we filed with the Securities and Exchange Commission on February 24, 2014. In our opinion, we have made all necessary adjustments (which include only normal recurring adjustments) to present fairly, in all material respects, our consolidated financial position, results of operations and cash flows as of the dates and for the periods presented. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) have been omitted. Our results of operations for the three and nine month periods ended September 30, 2014 may not be indicative of our operating results for the full year. The unaudited Condensed Consolidated Financial Statements contained in this Quarterly Report on Form 10-Q should be read in conjunction with the Consolidated Financial Statements contained in our 2013 Annual Report on Form 10-K.

Unless otherwise indicated, references in this report to “we,” “us” or “our” refer to Dean Foods Company and its subsidiaries, taken as a whole.

Recently Issued Accounting Pronouncements

Recently Issued Accounting Pronouncements

In April 2014, the Financial Accounting Standards Board ("FASB") issued FASB Accounting Standards Update ("ASU") No. 2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity, which changes the criteria for determining which disposals can be presented as discontinued operations and modifies related disclosure requirements. We are required to adopt the standard prospectively for new disposals and new classifications of disposal groups as held for sale beginning the first quarter of 2015. We do not expect the adoption of this standard to have a material impact on our financial statements.

In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers. ASU 2014-09 supersedes the revenue recognition requirements in “Revenue Recognition (Topic 605)”, and requires entities to recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled to in exchange for those goods or services. ASU 2014-09 is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Early adoption is not permitted. We are currently evaluating the effect that the adoption of this standard will have on our financial statements.

In June 2014, the FASB issued ASU No. 2014-12, Compensation — Stock Compensation (Topic 718): Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period. ASU No. 2014-12 requires that a performance target that affects vesting and that could be achieved after the requisite service period should be treated as a performance condition. A reporting entity should apply existing guidance in Topic 718 as it relates to awards with performance conditions that affect vesting to account for such awards. As such, the performance target should not be reflected in estimating the grant-date fair value of the award. ASU 2014-12 is effective for annual periods and interim periods within those annual periods beginning after December 15, 2015. Earlier adoption is permitted. We are currently evaluating the effect that the adoption of this standard will have on our financial statements.

Asset Impairment Charges

Asset Impairment Charges

We evaluate our long-lived assets for impairment when circumstances indicate that the carrying value may not be recoverable. Indicators of impairment could include, among other factors, significant changes in the business environment or the planned closure of a facility. Considerable management judgment is necessary to evaluate the impact of operating changes and to estimate future cash flows. As a result of certain changes to our business and plans for consolidating our production network, we evaluated the impact that we expect these changes to have on our projected future cash flows as of September 30, 2014.

Testing the assets for recoverability involved developing estimates of future cash flows directly associated with, and that are expected to arise as a direct result of, the use and eventual disposition of the assets. The inputs for the fair value calculations were based on assessment of an individual asset’s alternative use within other production facilities, evaluation of recent market data and historical liquidation sales values for similar assets. As the inputs into these calculations are largely based on management’s judgments and are not generally observable in active markets, we consider such measurements to be Level 3 measurements in the fair value hierarchy. See Note 6.

The results of our analysis indicated an impairment of our plant, property and equipment of $7.4 million, which we recorded in the third quarter of 2014, due to changes in our expectations regarding estimated future cash flows at one of our production facilities. During the three and nine months ended September 30, 2013, we recorded impairment of our plant, property and equipment of $4.4 million and $35.5 million, respectively, in addition to impairment related to certain intangible assets of approximately $6.4 million during the nine months ended September 30, 2013. All of these charges were recorded in the impairment of long-lived assets line item in our unaudited Condensed Consolidated Statements of Operations. We can provide no assurance that we will not have impairment charges in future periods as a result of changes in our business environment, operating results or the assumptions and estimates utilized in our impairment tests.

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Discontinued Operations - Summary of Transaction Expenses (Details) (USD $)	3 Months Ended	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2013
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Discontinued operations transaction costs	$ 0	$ 0	$ 12,764,000
Whitewave
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Discontinued operations transaction costs			12,464,000
Morningstar
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Discontinued operations transaction costs			$ 300,000

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Inventories (Tables)

9 Months Ended

Sep. 30, 2014

Inventory Disclosure [Abstract]

Inventories, Net of Reserves

Inventories, net of obsolescence reserves of $0.6 million and $0.8 million at September 30, 2014 and December 31, 2013, respectively, consisted of the following:

	September 30, 2014		December 31, 2013
	(In thousands)
Raw materials and supplies	$	108,402	$	103,023
Finished goods	171,289		159,835
Total	$	279,691	$	262,858

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Commitments and Contingencies - Additional Information (Detail) (USD $)		1 Months Ended		9 Months Ended		12 Months Ended
	Dec. 31, 2001	Jan. 31, 2014 United States District Court for the Eastern District of Tennessee Retailer Action complaint	Aug. 09, 2007 United States District Court for the Eastern District of Tennessee Retailer Action complaint	Sep. 30, 2014 Minimum	Sep. 30, 2014 Maximum	Dec. 31, 2001 Contingent Promissory Note	Sep. 30, 2014 Contingent Promissory Note
Commitments and Contingencies [Line Items]
Acquired interest percentage	33.80%
Principal amount of contingent promissory note						$ 40,000,000
Promissory note term (years)						20 years
Contingent promissory note, maximum amount including interest							$ 96,000,000
Promissory note, maturity date						Dec. 21, 2021
Lease term, (years)				1 year	20 years
Number of putative class action antitrust complaints reversed		1
Number of putative class action antitrust complaints			5

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CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (DEFICIT) (Parenthetical) (USD $) In Thousands, unless otherwise specified	0 Months Ended	9 Months Ended
	Aug. 26, 2013	Sep. 30, 2014	Sep. 30, 2013
Change in fair value of derivative instruments, tax benefit		$ 31	$ 84
Amounts reclassified to statement of operations related to hedging activities, tax		139	36,822
Pension and other postretirement benefit liability adjustment, tax		$ 2,110	$ 4,145
Reverse stock split ratio	0.50

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CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $) In Thousands, except Share data, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Allowance for doubtful accounts	$ 14,869	$ 12,083
Preferred stock, issued	0	0
Common stock, shares issued	93,820,727	94,831,377
Common stock, shares outstanding	93,820,727	94,831,377
Common stock, par value	$ 0.01	$ 0.01

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Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2014

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss)

The changes in accumulated other comprehensive income (loss) by component, net of tax, during the three months ended September 30, 2014 were as follows (in thousands):

	Changes in Cash Flow  Hedges			Pension and  Other Postretirement Benefits Items				Foreign  Currency Items			Total
Balance, June 30, 2014	$	118		$	(55,687	)		$	332		$	(55,237	)
Other comprehensive income (loss) before reclassifications	(16		)	1,857				(430		)	1,411
Amounts reclassified from accumulated other comprehensive loss	—			(927		)	(1)	—			(927		)
Net current-period other comprehensive income (loss)	(16		)	930				(430		)	484
Balance, September 30, 2014	$	102		$	(54,757	)		$	(98	)	$	(54,753	)

(1) The accumulated other comprehensive loss reclassification components are related to amortization of unrecognized actuarial losses and prior service costs, both of which are included in the computation of net periodic pension cost. See Note 10.

The changes in accumulated other comprehensive income (loss) by component, net of tax, during the three months ended September 30, 2013 were as follows (in thousands):

	Changes in Cash Flow  Hedges				Pension and  Other Postretirement Benefits Items				Unrealized Gains/Losses  on Available-For-Sale Securities			Foreign  Currency Items			Total
Balance, June 30, 2013	$	(124	)		$	(99,358	)		$	385,552		$	(115	)	$	285,955
Other comprehensive income (loss) before reclassifications	162				4,108				30,231			(40		)	34,461
Amounts reclassified from accumulated other comprehensive income (loss)	176			(1)	(2,069		)	(2)	(415,783		)	—			(417,676		)
Net current-period other comprehensive income (loss)	338				2,039				(385,552		)	(40		)	(383,215		)
Balance, September 30, 2013	$	214			$	(97,319	)		$	—		$	(155	)	$	(97,260	)

(1) The accumulated other comprehensive loss reclassification components affect distribution expense or cost of sales, depending on the commodity type. See Note 6 and the additional details below.

(2) The accumulated other comprehensive loss reclassification components are related to amortization of unrecognized actuarial losses and prior service costs, both of which are included in the computation of net periodic pension cost. See Note 10.

As described more fully in Note 2, on July 25, 2013, we disposed of our investment in WhiteWave common stock through a tax-free debt-for-equity exchange. Prior to the disposition, our investment was recorded at fair value and classified as available-for-sale, with unrealized holding gains reported as a component of accumulated other comprehensive income. Immediately prior to the disposition, we recorded a final mark-to-market adjustment of $30.2 million, as shown in the table above, to reflect the $589.2 million value of the shares exchanged in the debt-for-equity exchange transaction. As a result of the disposition of our remaining investment in WhiteWave common stock, total unrealized holding gains of $415.8 million were reclassified from accumulated other comprehensive income to earnings during the three months ended September 30, 2013. The gain was recorded in the gain on disposition of WhiteWave common stock line item in our unaudited Condensed Consolidated Statements of Operations.

The changes in accumulated other comprehensive income (loss) by component, net of tax, during the nine months ended September 30, 2014 were as follows (in thousands):

	Changes in Cash Flow  Hedges				Pension and  Other Postretirement Benefits Items				Foreign  Currency Items			Total
Balance, December 31, 2013	$	423			$	(57,224	)		$	(389	)	$	(57,190	)
Other comprehensive income (loss) before reclassifications	(101		)		5,249				291			5,439
Amounts reclassified from accumulated other comprehensive loss	(220		)	(1)	(2,782		)	(2)	—			(3,002		)
Net current-period other comprehensive income (loss)	(321		)		2,467				291			2,437
Balance, September 30, 2014	$	102			$	(54,757	)		$	(98	)	$	(54,753	)

(1) The accumulated other comprehensive loss component is related to the hedging activity amount at December 31, 2013 that was reclassified to operating income as we de-designated our cash flow hedges. See Note 6.

(2) The accumulated other comprehensive loss reclassification components are related to amortization of unrecognized actuarial losses and prior service costs, both of which are included in the computation of net periodic pension cost. See Note 10.

The changes in accumulated other comprehensive income (loss) by component, net of tax, during the nine months ended September 30, 2013 were as follows (in thousands):

	Changes in Cash Flow  Hedges				Pension and  Other Postretirement Benefits Items				Foreign  Currency Items			Total			Non- controlling Interest
Balance, December 31, 2012	$	(58,452	)		$	(105,845	)		$	(22,287	)	$	(186,584	)	$	(3,683	)
Other comprehensive income (loss) before reclassifications	8				13,181				(9,159		)	4,030			(1,378		)
Amounts reclassified from accumulated other comprehensive income (loss)	58,476			(1)	(6,207		)	(2)	—			52,269			(6		)
Net current-period other comprehensive income (loss)	58,484				6,974				(9,159		)	56,299			(1,384		)
Spin-off of WhiteWave Foods	182				1,552				31,291			33,025			5,067
Balance, September 30, 2013	$	214			$	(97,319	)		$	(155	)	$	(97,260	)	$	—

(1) In January 2013, we terminated $1 billion aggregate notional amount of interest rate swaps with maturity dates in 2013 and 2016. As a result of these terminations, we reclassified total losses of $28.1 million ($17.3 million net of tax) previously recorded in accumulated other comprehensive income to earnings, as a component of interest expense. Additionally, upon completion of the WhiteWave spin-off in May 2013, we determined that the underlying hedged forecasted transactions related to the novated swaps were no longer probable; therefore, during the three months ended June 30, 2013, we reclassified total losses of $63.4 million ($38.9 million, net of tax) recorded in accumulated other comprehensive income associated with these swaps to earnings, as a component of interest expense. See Note 6 for further information regarding our interest rate swaps.

(2) The accumulated other comprehensive loss reclassification components are related to amortization of unrecognized actuarial losses and prior service costs, both of which are included in the computation of net periodic pension cost. See Note 10.

As described in Note 2, during the nine months ended September 30, 2013, we recorded in accumulated other comprehensive income, and subsequently reclassified to earnings, unrealized holding gains totaling $415.8 million related to our investment in WhiteWave common stock, which we disposed of on July 25, 2013. The gain was recorded in the gain on disposition of WhiteWave common stock line item in our unaudited Condensed Consolidated Statements of Operations.

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Document and Entity Information	9 Months Ended
	Sep. 30, 2014	Nov. 03, 2014
Document And Entity Information [Abstract]
Entity Registrant Name	DEAN FOODS CO
Trading Symbol	DF
Entity Central Index Key	0000931336
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Sep. 30, 2014
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Common Stock, Shares Outstanding		93,822,743

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Employee Retirement and Postretirement Benefits

9 Months Ended

Sep. 30, 2014

Compensation and Retirement Disclosure [Abstract]

Employee Retirement and Postretirement Benefits

Employee Retirement and Postretirement Benefits

We sponsor various defined benefit and defined contribution retirement plans, including various employee savings and profit sharing plans, and contribute to various multiemployer pension plans on behalf of our employees. Substantially all full-time union and non-union employees who have completed one or more years of service and have met other requirements pursuant to the plans are eligible to participate in one or more of these plans.

Defined Benefit Plans — The benefits under our defined benefit plans are based on years of service and employee compensation. The following table sets forth the components of net periodic benefit cost for our defined benefit plans during the three and nine months ended September 30, 2014 and 2013:

	Three Months Ended September 30						Nine Months Ended September 30
	2014			2013			2014			2013
	(In thousands)
Components of net periodic benefit cost:
Service cost	$	770		$	923		$	2,310		$	2,769
Interest cost	3,495			3,128			10,485			9,384
Expected return on plan assets	(4,690		)	(4,633		)	(14,070		)	(13,899		)
Amortizations:
Prior service cost	197			198			591			594
Unrecognized net loss	1,276			3,098			3,828			9,294
Net periodic benefit cost	$	1,048		$	2,714		$	3,144		$	8,142

Postretirement Benefits — Certain of our subsidiaries provide health care benefits to certain retirees who are covered under specific group contracts. The following table sets forth the components of net periodic benefit cost for our postretirement benefit plans during the three and nine months ended September 30, 2014 and 2013:

	Three Months Ended September 30				Nine Months Ended September 30
	2014		2013		2014		2013
	(In thousands)
Components of net periodic benefit cost:
Service cost	$	206	$	204	$	618	$	612
Interest cost	416		306		1,248		918
Amortizations:
Prior service cost	16		6		48		18
Unrecognized net loss	19		75		57		225
Net periodic benefit cost	$	657	$	591	$	1,971	$	1,773

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Net sales	$ 2,373,280	$ 2,200,899	$ 7,108,189	$ 6,720,871
Cost of sales	1,956,480	1,759,614	5,876,126	5,312,054
Gross profit	416,800	441,285	1,232,063	1,408,817
Operating costs and expenses:
Selling and distribution	337,346	333,456	1,011,657	1,005,131
General and administrative	69,728	72,274	212,804	243,626
Amortization of intangibles	714	910	2,175	2,785
Facility closing and reorganization costs	2,805	7,268	4,510	17,817
Litigation settlements	0	0	(2,521)	(1,019)
Impairment of long-lived assets	7,400	4,422	7,400	41,941
Other operating (income) loss	0	285	(4,535)	2,494
Total operating costs and expenses	417,993	418,615	1,231,490	1,312,775
Operating income (loss)	(1,193)	22,670	573	96,042
Other (income) expense:
Interest expense	15,233	30,238	45,477	180,009
Other income, net	(487)	(126)	(760)	(489)
Gain on disposition of WhiteWave common stock	0	(415,783)	0	(415,783)
Total other (income) expense	14,746	(385,671)	44,717	(236,263)
Income (loss) from continuing operations before income taxes	(15,939)	408,341	(44,144)	332,305
Income tax benefit	(803)	(7,177)	(18,253)	(30,416)
Income (loss) from continuing operations	(15,136)	415,518	(25,891)	362,721
Income (loss) from discontinued operations, net of tax	(836)	0	(836)	2,891
Gain (loss) on sale of discontinued operations, net of tax	0	(398)	1,154	491,422
Net income (loss)	(15,972)	415,120	(25,573)	857,034
Net loss attributable to non-controlling interest in discontinued operations	0	0	0	(6,179)
Net income (loss) attributable to Dean Foods Company	$ (15,972)	$ 415,120	$ (25,573)	$ 850,855
Average common shares:
Basic (in shares)	93,797,183	94,164,101	93,916,848	93,533,631
Diluted (in shares)	93,797,183	95,337,764	93,916,848	94,577,124
Basic earnings (loss) per common share:
Income (loss) from continuing operations (in dollars per share)	$ (0.16)	$ 4.41	$ (0.28)	$ 3.88
Income (loss) from discontinued operations attributable to Dean Foods Company (in dollars per share)	$ (0.01)	$ 0.00	$ 0.01	$ 5.22
Net income (loss) attributable to Dean Foods Company (in dollars per share)	$ (0.17)	$ 4.41	$ (0.27)	$ 9.10
Diluted earnings (loss) per common share:
Income (loss) from continuing operations (in dollars per share)	$ (0.16)	$ 4.35	$ (0.28)	$ 3.84
Income (loss) from discontinued operations attributable to Dean Foods Company (in dollars per share)	$ (0.01)	$ 0.00	$ 0.01	$ 5.16
Net income (loss) attributable to Dean Foods Company (in dollars per share)	$ (0.17)	$ 4.35	$ (0.27)	$ 9.00
Cash dividends declared per common share (in dollars per share)	$ 0.07	$ 0	$ 0.21	$ 0

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Goodwill and Intangible Assets

9 Months Ended

Sep. 30, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Goodwill and Intangible Assets

Upon completion of the WhiteWave separation, our remaining goodwill of $86.8 million is attributable to our ongoing dairy operations. There were no changes in our goodwill balance during the nine months ended September 30, 2014.

The gross carrying amount and accumulated amortization of our intangible assets other than goodwill as of September 30, 2014 and December 31, 2013 are as follows:

	September 30, 2014							December 31, 2013
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
	(In thousands)
Intangible assets with indefinite lives:
Trademarks	$	221,681	$	—		$	221,681	$	221,681	$	—		$	221,681
Intangible assets with finite lives:
Customer-related and other	49,225		(30,509		)	18,716		49,225		(28,575		)	20,650
Trademarks	8,096		(5,245		)	2,851		8,096		(5,002		)	3,094
Total	$	279,002	$	(35,754	)	$	243,248	$	279,002	$	(33,577	)	$	245,425

Amortization expense on intangible assets for the three months ended September 30, 2014 and 2013 was $0.7 million and $0.9 million, respectively. Amortization expense on intangible assets for the nine months ended September 30, 2014 and 2013 was $2.2 million and $2.8 million, respectively. Estimated aggregate intangible asset amortization expense for the next five years is as follows (in millions):

2014	$	2.9
2015	2.9
2016	2.8
2017	2.2
2018	2.0

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Inventories

9 Months Ended

Sep. 30, 2014

Inventory Disclosure [Abstract]

Inventories

Inventories

Inventories, net of obsolescence reserves of $0.6 million and $0.8 million at September 30, 2014 and December 31, 2013, respectively, consisted of the following:

	September 30, 2014		December 31, 2013
	(In thousands)
Raw materials and supplies	$	108,402	$	103,023
Finished goods	171,289		159,835
Total	$	279,691	$	262,858

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Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2014

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

The following is a summary of operating results and certain other directly attributable expenses, including interest expense, which are included in discontinued operations for the nine months ended September 30, 2013. There were no discontinued operations for the three months ended September 30, 2013.

	Nine Months Ended September 30, 2013
	WhiteWave				Morningstar			Total
	(In thousands)
Operations:
Net sales	$	940,431			$	5,919		$	946,350
Income before income taxes	57,126				109			57,235
Income tax	(54,306		)	(1)	(38		)	(54,344		)
Net income	$	2,820			$	71		$	2,891

(1) The income tax expense attributable to WhiteWave during the nine months ended September 30, 2013 includes approximately $31.1 million related to certain deferred intercompany transactions which were recognized upon the completion of the WhiteWave spin-off. Because these liabilities arose as a direct result of the spin-off of WhiteWave, we have reflected the income statement impact of such liabilities as a component of discontinued operations.

The following is a summary of directly attributable transaction expenses which are included in discontinued operations:

	Nine Months Ended   September 30, 2013
	(In thousands)
WhiteWave	$	12,464
Morningstar	300
Total	$	12,764

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Asset Impairment Charges and Facility Closing and Reorganization Costs

9 Months Ended

Sep. 30, 2014

Restructuring and Related Activities [Abstract]

Asset Impairment Charges and Facility Closing and Reorganization Costs

Asset Impairment Charges and Facility Closing and Reorganization Costs

Asset Impairment Charges

We evaluate our long-lived assets for impairment when circumstances indicate that the carrying value may not be recoverable. Indicators of impairment could include, among other factors, significant changes in the business environment or the planned closure of a facility. Considerable management judgment is necessary to evaluate the impact of operating changes and to estimate future cash flows. As a result of certain changes to our business and plans for consolidating our production network, we evaluated the impact that we expect these changes to have on our projected future cash flows as of September 30, 2014.

Testing the assets for recoverability involved developing estimates of future cash flows directly associated with, and that are expected to arise as a direct result of, the use and eventual disposition of the assets. The inputs for the fair value calculations were based on assessment of an individual asset’s alternative use within other production facilities, evaluation of recent market data and historical liquidation sales values for similar assets. As the inputs into these calculations are largely based on management’s judgments and are not generally observable in active markets, we consider such measurements to be Level 3 measurements in the fair value hierarchy. See Note 6.

The results of our analysis indicated an impairment of our plant, property and equipment of $7.4 million, which we recorded in the third quarter of 2014, due to changes in our expectations regarding estimated future cash flows at one of our production facilities. During the three and nine months ended September 30, 2013, we recorded impairment of our plant, property and equipment of $4.4 million and $35.5 million, respectively, in addition to impairment related to certain intangible assets of approximately $6.4 million during the nine months ended September 30, 2013. All of these charges were recorded in the impairment of long-lived assets line item in our unaudited Condensed Consolidated Statements of Operations. We can provide no assurance that we will not have impairment charges in future periods as a result of changes in our business environment, operating results or the assumptions and estimates utilized in our impairment tests.

Facility Closing and Reorganization Costs

Approved plans within our multi-year initiatives and related charges are summarized as follows:

	Three Months Ended September 30				Nine Months Ended September 30
	2014		2013		2014		2013
	(In thousands)
Closure of Facilities(1)	$	2,805	$	6,667	$	4,510	$	11,842
Functional Realignment(2)	—		186		—		704
Field and Functional Reorganization (3)	—		415		—		5,266
Other	—		—		—		5
Total	$	2,805	$	7,268	$	4,510	$	17,817

(1) These charges in 2014 and 2013 primarily relate to facility closures in Riverside, California; Delta, Colorado; Denver, Colorado; Dallas, Texas; Waco, Texas; Springfield, Virginia; Buena Park, California; Evart, Michigan; Bangor, Maine; Shreveport, Louisiana; and Mendon, Massachusetts; as well as other approved closures. We have incurred $42.7 million of charges related to these initiatives to date. We expect to incur additional charges related to these facility closures of approximately $3.7 million related to contract termination, shutdown and other costs. As we continue the evaluation of our supply chain and distribution network, as well as our accelerated cost reduction efforts, it is likely that we will close additional facilities in the future.

(2) The Functional Realignment initiative was focused on aligning key functions within our legacy Fresh Dairy Direct operations under a single leadership team and permanently removing certain costs from the organization. We have incurred total charges of approximately $33.1 million under this initiative as of September 30, 2013, and we do not expect to incur any material future charges related to this plan.

(3) The Field and Functional Reorganization initiative streamlined the leadership structure and has enabled faster decision-making and created enhanced opportunities to strategically build our business. We have incurred total charges of $11.3 million under this plan as of September 30, 2013, all of which were associated with headcount reductions. We do not currently anticipate incurring any material charges under this plan going forward.

Activity with respect to facility closing and reorganization costs during the nine months ended September 30, 2014 is summarized below and includes items expensed as incurred:

	Accrued Charges at December 31, 2013		Charges and Adjustments			Payments			Accrued Charges at September 30, 2014
	(In thousands)
Cash charges:
Workforce reduction costs	$	9,028	$	(1,916	)	$	(4,519	)	$	2,593
Shutdown costs	—		3,366			(3,366		)	—
Lease obligations after shutdown	8,361		359			(1,504		)	7,216
Other	—		401			(401		)	—
Subtotal	$	17,389	2,210			$	(9,790	)	$	9,809
Noncash charges:
Write-down of assets (1)			1,631
Other, net			669
Total charges			$	4,510

(1) The write-down of assets relates primarily to owned buildings, land and equipment of those facilities identified for closure. The assets were tested for recoverability at the time the decision to close the facilities was more likely than not to occur. Our methodology for testing the recoverability of the assets is consistent with the methodology described in the "Asset Impairment Charges" section above.

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Common Stock and Share-Based Compensation

9 Months Ended

Sep. 30, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Common Stock and Share-Based Compensation

Common Stock and Share-Based Compensation

Adoption of Cash Dividend Policy — In November 2013, we announced that our Board of Directors had adopted a cash dividend policy. Under the policy, holders of our common stock will receive dividends when and as declared by our Board of Directors. Pursuant to the policy, we expect to pay quarterly dividends with an initial quarterly dividend rate of $0.07 per share ($0.28 per share annually). Quarterly dividends of $0.07 per share, totaling approximately $6.5 million each, were paid in March, June and September of 2014. Our cash dividend policy is subject to modification, suspension or cancellation at any time.

Stock Repurchase Program — Since 1998, our Board of Directors has from time to time authorized the repurchase of our common stock up to an aggregate of $2.38 billion, excluding fees and commissions. We made no share repurchases during the three months ended September 30, 2014 and we repurchased 1,727,275 shares during the nine months ended September 30, 2014. We made no share repurchases during the three months or nine months ended September 30, 2013. As of September 30, 2014, $275.0 million was available for repurchases under this program (excluding fees and commissions). Our management is authorized to purchase shares from time to time through open market transactions at prevailing prices or in privately negotiated transactions, subject to market conditions and other factors. Shares, when repurchased, are retired.

Conversion of Equity Awards Outstanding at Spin-Off Date — At the date of the WhiteWave spin-off, in the second quarter of 2013, certain of our outstanding Dean Foods stock options and unvested restricted stock units held by WhiteWave employees and directors were converted to equivalent options or restricted stock units, as applicable, with respect to WhiteWave’s common stock. These modified awards otherwise retained substantially the same terms and conditions, including term and vesting provisions, as the existing Dean Foods Company equity awards had at the time of conversion. We did not incur any future compensation cost related to conversion of our outstanding Dean Foods Company stock options and restricted stock units held by WhiteWave employees and directors in connection with the WhiteWave spin-off.

Stock Options — The following table summarizes stock option activity during the nine months ended September 30, 2014:

	Options		Weighted Average Exercise Price		Weighted Average Contractual Life (Years)	Aggregate Intrinsic Value
Options outstanding at January 1, 2014	5,055,035		$	19.35
Granted	—		—
Forfeited and canceled	(501,716	)	20.90
Exercised	(524,498	)	14.21
Options outstanding at September 30, 2014	4,028,821		$	19.82	3.14	$	1,675,345
Options exercisable at September 30, 2014	3,920,761		$	20.07	3.02	$	1,413,501

We recognize share-based compensation expense for stock options ratably over the vesting period. The fair value of each option award is estimated on the date of grant using a Black-Scholes valuation model. During each of the nine months ended September 30, 2014 and 2013, there were no stock options granted.

Restricted Stock Units — The following table summarizes RSU activity during the nine months ended September 30, 2014:

	Employees			Directors (1)			Total
Stock units outstanding at January 1, 2014	680,017			96,273			776,290
Stock units issued	344,421			59,367			403,788
Shares issued upon vesting of stock units	(181,570		)	(42,281		)	(223,851		)
Stock units canceled or forfeited(2)	(183,102		)	(780		)	(183,882		)
Stock units outstanding at September 30, 2014	659,766			112,579			772,345
Weighted average grant date fair value	$	14.64		$	13.75		$	14.52

(1) Directors' stock units include Restricted Stock Awards ("RSAs"), which participate in declared dividends.

(2) Pursuant to the terms of our stock unit plans, employees have the option of forfeiting stock units to cover their minimum statutory tax withholding when shares are issued. Any stock units surrendered or canceled in satisfaction of participants’ tax withholding obligations are not available for future grants under the plans.

Phantom Shares — We grant phantom shares as part of our long-term incentive compensation program, which are similar to RSUs in that they are based on the price of our stock and vest ratably over a three-year period, but are cash-settled based upon the value of our stock at each vesting period. The fair value of the awards is remeasured at each reporting period. Compensation expense is recognized over the vesting period with a corresponding liability, which is recorded in accounts payable and accrued expenses in our unaudited Condensed Consolidated Balance Sheets. The following table summarizes the phantom share activity during the nine months ended September 30, 2014:

	Shares		Weighted Average Grant Date Fair Value
Outstanding at January 1, 2014	1,111,059		$	17.72
Granted	581,129		14.25
Converted/paid	(544,309	)	17.70
Forfeited	(87,691	)	16.76
Outstanding at September 30, 2014	1,060,188		$	15.91

Share-Based Compensation Expense — The following table summarizes the share-based compensation expense recognized during the three and nine months ended September 30, 2014 and 2013:

	Three Months Ended September 30					Nine Months Ended September 30
	2014		2013			2014		2013
	(In thousands)
Stock Options	$	75	$	418	(1)	$	338	$	6,347	(1)
Stock Units	892		1,467		(1)	3,279		4,010		(1)
Phantom Shares	585		1,626			3,185		6,747
Total	$	1,552	$	3,511		$	6,802	$	17,104

(1) The share-based compensation expense recorded during the three and nine months ended September 30, 2013 includes additional compensation expense of $0.2 million and $5.6 million, respectively, for stock options and $0.4 million and $0.7 million, respectively, for stock units related to the equity modification of share-based compensation pursuant to the WhiteWave spin-off described above.

Stock options, phantom shares and stock units held by employees do not currently participate in any dividends and accordingly, no expense attributed to dividends has been recorded.

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Changes in Accumulated Other Comprehensive Income (Loss) by Component, Net of Tax (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended				9 Months Ended
	Sep. 30, 2014		Sep. 30, 2013		Sep. 30, 2014		Sep. 30, 2013
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	$ (55,237)		$ 285,955		$ (57,190)		$ (186,584)
Other comprehensive income (loss) before reclassifications	1,411		34,461		5,439		4,030
Amounts reclassified from accumulated other comprehensive loss	(927)		(417,676)		(3,002)		52,269
Net current-period other comprehensive income (loss)	484		(383,215)		2,437		56,299
Spin-off of WhiteWave Foods							33,025
Ending Balance	(54,753)		(97,260)		(54,753)		(97,260)
Changes in Cash Flow Hedges
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	118		(124)		423		(58,452)
Other comprehensive income (loss) before reclassifications	(16)		162		(101)		8
Amounts reclassified from accumulated other comprehensive loss	0		176	[1]	(220)	[2]	58,476	[3]
Net current-period other comprehensive income (loss)	(16)		338		(321)		58,484
Spin-off of WhiteWave Foods							182
Ending Balance	102		214		102		214
Pension and Other Postretirement Benefits Items
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	(55,687)		(99,358)		(57,224)		(105,845)
Other comprehensive income (loss) before reclassifications	1,857		4,108		5,249		13,181
Amounts reclassified from accumulated other comprehensive loss	(927)	[4]	(2,069)	[4]	(2,782)	[4]	(6,207)	[4]
Net current-period other comprehensive income (loss)	930		2,039		2,467		6,974
Spin-off of WhiteWave Foods							1,552
Ending Balance	(54,757)		(97,319)		(54,757)		(97,319)
Unrealized Gains/Losses on Available-For-Sale Securities
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance			385,552
Other comprehensive income (loss) before reclassifications			30,231
Amounts reclassified from accumulated other comprehensive loss			(415,783)
Net current-period other comprehensive income (loss)			(385,552)
Ending Balance			0				0
Foreign Currency Items
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	332		(115)		(389)		(22,287)
Other comprehensive income (loss) before reclassifications	(430)		(40)		291		(9,159)
Amounts reclassified from accumulated other comprehensive loss	0		0		0		0
Net current-period other comprehensive income (loss)	(430)		(40)		291		(9,159)
Spin-off of WhiteWave Foods							31,291
Ending Balance	(98)		(155)		(98)		(155)
Non- controlling Interest
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance							(3,683)
Other comprehensive income (loss) before reclassifications							(1,378)
Amounts reclassified from accumulated other comprehensive loss							(6)
Net current-period other comprehensive income (loss)							(1,384)
Spin-off of WhiteWave Foods							5,067
Ending Balance			$ 0				$ 0

[1] The accumulated other comprehensive loss reclassification components affect distribution expense or cost of sales, depending on the commodity type. See Note 6 and the additional details below.

[2] The accumulated other comprehensive loss component is related to the hedging activity amount at December 31, 2013 that was reclassified to operating income as we de-designated our cash flow hedges. See Note 6.

[3] In January 2013, we terminated $1 billion aggregate notional amount of interest rate swaps with maturity dates in 2013 and 2016. As a result of these terminations, we reclassified total losses of $28.1 million ($17.3 million net of tax) previously recorded in accumulated other comprehensive income to earnings, as a component of interest expense. Additionally, upon completion of the WhiteWave spin-off in May 2013, we determined that the underlying hedged forecasted transactions related to the novated swaps were no longer probable; therefore, during the three months ended June 30, 2013, we reclassified total losses of $63.4 million ($38.9 million, net of tax) recorded in accumulated other comprehensive income associated with these swaps to earnings, as a component of interest expense. See Note 6 for further information regarding our interest rate swaps.

[4] The accumulated other comprehensive loss reclassification components are related to amortization of unrecognized actuarial losses and prior service costs, both of which are included in the computation of net periodic pension cost. See Note 10.

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Debt

9 Months Ended

Sep. 30, 2014

Debt Disclosure [Abstract]

Debt

Debt

Our outstanding debt as of September 30, 2014 and December 31, 2013 consisted of the following:

	September 30, 2014					December 31, 2013
	Amount Outstanding			Interest Rate		Amount Outstanding			Interest Rate
	(In thousands, except percentages)
Dean Foods Company debt obligations:
Senior secured credit facility	$	47,960		2.16	%*	$	50,250		1.67	%*
Senior notes due 2016	475,757			7.00		475,579			7.00
Senior notes due 2018	23,812			9.75		23,812			9.75
	547,529					549,641
Subsidiary debt obligations:
Senior notes due 2017	134,369			6.90		132,808			6.90
Receivables-backed facility	295,000			1.28		213,000			1.19
Capital lease and other	1,316			—		1,813			—
	430,685					347,621
	978,214					897,262
Less current portion	(698		)			(698		)
Total long-term portion	$	977,516				$	896,564

* Represents a weighted average rate, including applicable interest rate margins, for the credit facility.

The scheduled maturities of long-term debt at September 30, 2014 were as follows (in thousands):

2014	$	164
2015	658
2016	476,682
2017	437,000
2018	71,772
Thereafter	—
Subtotal	986,276
Less discounts	(8,062		)
Total outstanding debt	$	978,214

Senior Secured Credit Facility — In July 2013, we executed a credit agreement pursuant to which the lenders provided us with a five-year senior secured revolving credit facility in the amount of up to $750 million. The credit agreement was amended in June 2014 and further amended in August 2014. Under the agreement, as amended, we have the right to request an increase of the aggregate commitment under the credit facility by, and to request incremental term loans or increased revolver commitments of, up to $500 million without the consent of any lenders not participating in such increase, subject to specified conditions. The senior secured credit facility is available for the issuance of up to $200 million of letters of credit and up to $150 million of swing line loans. The facility will terminate in July 2018.

In connection with the amendment entered into in August 2014, the Company paid certain consent and arrangement fees of approximately $1.0 million to lenders and other fees, which were capitalized and will be amortized to interest expense over the remaining term of the facility.

Loans outstanding under the senior secured credit facility bear interest, at our election, at either the Adjusted LIBO Rate (as defined in the credit agreement) plus a margin of between 1.25% and 2.75% (2.50% as of September 30, 2014 ) based on the leverage ratio (as defined in the credit agreement), or the Alternate Base Rate (as defined in the credit agreement) plus a margin of between 0.25% and 1.75% (1.50% as of September 30, 2014 ) based on the leverage ratio. We are permitted to make optional prepayments of the loans, in whole or in part, without premium or penalty (other than applicable LIBOR breakage costs). Subject to certain exceptions and conditions described in the credit agreement, we are obligated to prepay the credit facility, but without a corresponding commitment reduction, with the net cash proceeds of certain asset sales and with casualty insurance proceeds.

The senior secured credit facility is guaranteed by our existing and future domestic material restricted subsidiaries (as defined in the credit agreement), which are substantially all of our wholly-owned U.S. subsidiaries other than our receivables securitization subsidiaries. The facility is secured by a first priority perfected security interest in substantially all of our and our guarantors' personal property, whether consisting of tangible or intangible property, including a pledge of, and a perfected security interest in, (i) all of the shares of capital stock of the guarantors and (ii) 65% of the shares of our or any guarantor’s first-tier foreign subsidiaries which are material restricted subsidiaries, in each case subject to certain exceptions as set forth in the credit agreement. The collateral does not include any real property, the capital stock and any assets of any unrestricted subsidiary, or any capital stock of any direct or indirect subsidiary of our wholly-owned subsidiary Dean Holding Company ("Legacy Dean") which owns any real property.

The credit agreement governing the senior secured credit facility contains customary representations, warranties and covenants, including but not limited to specified restrictions on indebtedness, liens, guarantee obligations, mergers, acquisitions, consolidations, liquidations and dissolutions, sales of assets, leases, payment of dividends and other restricted payments, investments, loans and advances, transactions with affiliates and sale and leaseback transactions, as well as the financial covenants described below. The credit agreement also contains customary events of default and related cure provisions.

At September 30, 2014, there were outstanding borrowings of $48.0 million under the senior secured revolving credit facility. Our average daily balance under the senior secured revolving credit facility during the nine months ended September 30, 2014 was $57.3 million. There were no letters of credit issued under the senior secured revolving credit facility as of September 30, 2014.

Dean Foods Receivables-Backed Facility — We have a $550 million receivables securitization facility pursuant towhich certain of our subsidiaries sell their accounts receivable to two wholly-owned entities intended to be bankruptcy-remote. The entities then transfer the receivables to third-party asset-backed commercial paper conduits sponsored by major financial institutions. The assets and liabilities of these two entities are fully reflected in our unaudited Condensed Consolidated Balance Sheets, and the securitization is treated as a borrowing for accounting purposes. In June 2014, the receivables-backed facility was modified to, among other things, increase the amount available for the issuance of letters of credit from $300 million to $350 million and to extend the liquidity termination date from March 2015 to June 2017. The receivables-backed facility was further amended in August 2014 to be consistent with the amended financial covenants under the credit agreement governing the senior secured credit facility.

In connection with the amendment entered into in August 2014, the Company paid certain fees of approximately $0.6 million to consenting lenders and other fees which were capitalized and will be amortized to interest expense over the remaining term of the facility.

Based on the monthly borrowing base formula, we had the ability to borrow up to $550 million of the total commitment amount under the receivables-backed facility as of September 30, 2014. The total amount of receivables sold to these entities as of September 30, 2014 was $718.5 million. During the first nine months of 2014 we borrowed $1.84 billion and repaid $1.75 billion under the facility with a drawn balance of $295 million as of September 30, 2014. Excluding letters of credit in the aggregate amount of $212.3 million, the remaining available borrowing capacity was $42.7 million at September 30, 2014. Our average daily balance under this facility during the nine months ended September 30, 2014 was $244.5 million. The receivables-backed facility bears interest at a variable rate based upon commercial paper and one-month LIBO rates plus an applicable margin.

Under the senior secured credit facility and the receivables-backed facility, as amended, we are required to comply with (a) a maximum consolidated net leverage ratio of 5.25x for each fiscal quarter ending on or prior to December 31, 2014; 5.00x for each fiscal quarter ending on or prior to March 31, 2015; 4.50x for each fiscal quarter ending on or prior to June 30, 2015; and 4.00x for each fiscal quarter ending thereafter; (b) a senior secured net leverage ratio not to exceed 2.50x; and (c) a minimum consolidated interest coverage ratio of 3.00 to 1.00, in each case, as defined under and calculated in accordance with the terms of the agreements governing our senior secured credit facility and our receivables-backed facility.

We are currently in compliance with all covenants under our credit agreements.

Short Term Credit Facility and Debt-for-Equity Exchange Agreement —On July 11, 2013, in connection with the anticipated monetization of our remaining shares of WhiteWave’s Class A common stock, we entered into a loan agreement with certain lenders, pursuant to which we were provided with two term loans in an aggregate principal amount of $626.75 million, consisting of a $545 million term loan required to be repaid no later than August 12, 2013, and an $81.75 million term loan required to be repaid no later than September 9, 2013. We used the proceeds from the credit facility for general corporate purposes. Loans outstanding under the short-term credit facility bore interest at the Adjusted LIBO Rate (as defined in the loan agreement) plus a margin of 2.50%. We were permitted to make optional prepayments of the loans, in whole or in part, without premium or penalty (other than any applicable LIBOR breakage costs).

The credit facility was unsecured and was guaranteed by our existing and future domestic material restricted subsidiaries (as defined in the loan agreement), which are substantially all of our wholly-owned U.S. subsidiaries other than our receivables securitization subsidiaries. The loan agreement contained certain representations, warranties and covenants, including, but not limited to specified restrictions on acquisitions and payment of dividends, as well as maintenance of certain liquidity levels. The loan agreement also contained customary events of default and related cure provisions. We were required to comply with a maximum consolidated net leverage ratio initially set at 4.00 to 1.00 and a minimum consolidated interest coverage ratio set at 3.00 to 1.00.

On July 25, 2013, we announced the closing of a secondary public offering of 34.4 million shares of Class A common stock of WhiteWave owned by us at a public offering price of $17.75 per share. Immediately prior to the closing of the offering, we exchanged our shares of WhiteWave Class A common stock for $589.2 million of the two term loans, which loans were held by two of the underwriters in the offering. Following the closing of the debt-for-equity exchange, we repaid the non-exchanged balance of the two term loans in full and terminated the loan agreement.

Standby Letter of Credit — In February 2012, in connection with a litigation settlement agreement we entered into with the plaintiffs in the Tennessee dairy farmer actions, we issued a standby letter of credit in the amount of $80 million, representing the approximate subsequent payments due under the terms of the settlement agreement. The total amount of the letter of credit will decrease proportionately as we make each of the four installment payments. We made installment payments in June of 2014 and 2013. As of September 30, 2014, the letter of credit has been reduced to $37.7 million.

Dean Foods Company Senior Notes due 2018 — In December 2010, we issued $400 million aggregate principal amount of 9.75% senior unsecured notes in a private placement to qualified institutional buyers and in offshore transactions, and in August 2011, we exchanged $400 million of the senior notes for new notes that are registered under the Securities Act of 1933, as amended, and do not have restrictions on transfer, rights to special interest or registration rights. These notes are our senior unsecured obligations and mature in December 2018 with interest payable on June 15 and December 15 of each year. The indenture under which we issued the senior notes due 2018 does not contain financial covenants but does contain covenants that, among other things, limit our ability to incur certain indebtedness, enter into sale-leaseback transactions and engage in mergers, consolidations and sales of all or substantially all of our assets. During the fourth quarter of 2013, we retired $376.2 million principal amount of these notes pursuant to a cash tender offer. The carrying value of these notes on September 30, 2014 was $23.8 million. Subject to obtaining board approval, we intend to redeem the remaining senior notes due 2018 during the fourth quarter of 2014.

Dean Foods Company Senior Notes due 2016 — In 2006, we issued $500 million aggregate principal amount of 7.0% senior unsecured notes. The senior unsecured notes mature in June 2016 and interest is payable on June 1 and December 1 of each year. The indenture under which we issued the senior notes due 2016 does not contain financial covenants but does contain covenants that, among other things, limit our ability to incur certain indebtedness, enter into sale-leaseback transactions and engage in mergers, consolidations and sales of all or substantially all of our assets. During the fourth quarter of 2013, we retired $23.8 million principal amount of these notes pursuant to a cash tender offer. The carrying value of these notes on September 30, 2014 was $475.8 million.

Subsidiary Senior Notes due 2017 — Legacy Dean had certain senior notes outstanding at the time of its acquisition, of which one series ($142 million aggregate principal amount) remains outstanding and matures in October 2017. The carrying value of these notes on September 30, 2014 was $134.4 million at 6.90% interest. The indenture governing the Legacy Dean senior notes does not contain financial covenants but does contain certain restrictions, including a prohibition against Legacy Dean and its subsidiaries granting liens on certain of their real property interests and a prohibition against Legacy Dean granting liens on the stock of its subsidiaries. The Legacy Dean senior notes are not guaranteed by Dean Foods Company or Legacy Dean’s wholly-owned subsidiaries.

See Note 6 for information regarding the fair value of the 2016 and 2018 senior notes and the subsidiary senior notes due 2017 as of September 30, 2014.

Capital Lease Obligations and Other — Capital lease obligations as of September 30, 2014 and December 31, 2013 were comprised of a lease for land and building related to one of our production facilities. See Note 12.

Guarantor Information — The 2016 and 2018 senior notes described above are our unsecured obligations and, except as described below, are fully and unconditionally, jointly and severally guaranteed by substantially all of our 100%-owned U.S. subsidiaries other than our receivables securitization subsidiaries. The following condensed consolidating financial statements present the financial position, results of operations and cash flows of Dean Foods Company (for purposes of this Note 5, “Parent”), the 100%-owned subsidiary guarantors of the senior notes and, separately, the combined results of the 100%-owned subsidiaries that are not a party to the guarantees. The 100%-owned non-guarantor subsidiaries reflect certain foreign and other operations, in addition to our receivables securitization subsidiaries.

Upon completion of the WhiteWave IPO, WhiteWave and its wholly-owned domestic subsidiaries were released from their obligations as guarantors for the 2016 and 2018 senior notes. Therefore, the activity and balances allocated to discontinued operations related to WhiteWave have been recast in the tables below for all periods presented to include WhiteWave and its subsidiaries in the non-guarantor column as these parties are no longer guarantors of the 2016 senior notes or 2018 senior notes.

	Unaudited Condensed Consolidating Balance Sheet as of September 30, 2014
	Parent			Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Eliminations			Consolidated Totals
	(In thousands)
ASSETS
Current assets:
Cash and cash equivalents	$	13,926		$	5,627	$	10,828	$	—		$	30,381
Receivables, net	2,086			71,999		702,656		—			776,741
Income tax receivable	32,568			8,095		—		—			40,663
Inventories	—			279,691		—		—			279,691
Intercompany receivables	—			5,778,783		—		(5,778,783		)	—
Other current assets	(903		)	86,769		216		—			86,082
Total current assets	47,677			6,230,964		713,700		(5,778,783		)	1,213,558
Property, plant and equipment, net	—			1,180,958		32		—			1,180,990
Goodwill	—			86,841		—		—			86,841
Identifiable intangible and other assets, net	58,725			249,764		12		—			308,501
Investment in subsidiaries	6,636,135			52,563		—		(6,688,698		)	—
Total	$	6,742,537		$	7,801,090	$	713,744	$	(12,467,481	)	$	2,789,890
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable and accrued expenses	$	48,824		$	719,939	$	62	$	(762	)	$	768,063
Intercompany payables	5,412,006			—		366,015		(5,778,021		)	—
Current portion of debt	—			698		—		—			698
Current portion of litigation settlements	18,853			—		—		—			18,853
Total current liabilities	5,479,683			720,637		366,077		(5,778,783		)	787,614
Long-term debt	547,529			134,987		295,000		—			977,516
Other long-term liabilities	43,428			309,331		104		—			352,863
Long-term litigation settlements	16,698			—		—		—			16,698
Total stockholders’ equity	655,199			6,636,135		52,563		(6,688,698		)	655,199
Total	$	6,742,537		$	7,801,090	$	713,744	$	(12,467,481	)	$	2,789,890

	Unaudited Condensed Consolidating Balance Sheet as of December 31, 2013
	Parent			Guarantor Subsidiaries		Non- Guarantor Subsidiaries			Eliminations			Consolidated Totals
	(In thousands)
ASSETS
Current assets:
Cash and cash equivalents	$	(12,289	)	$	17,433	$	11,618		$	—		$	16,762
Receivables, net	1,932			72,660		677,642			—			752,234
Income tax receivable	10,374			5,541		—			—			15,915
Inventories	—			262,858		—			—			262,858
Intercompany receivables	—			5,728,284		(1		)	(5,728,283		)	—
Other current assets	6,944			95,927		58			—			102,929
Total current assets	6,961			6,182,703		689,317			(5,728,283		)	1,150,698
Property, plant and equipment, net	—			1,215,888		159			—			1,216,047
Goodwill	—			86,841		—			—			86,841
Identifiable intangible and other assets, net	90,269			258,109		81			—			348,459
Investment in subsidiaries	6,633,000			72,345		—			(6,705,345		)	—
Total	$	6,730,230		$	7,815,886	$	689,557		$	(12,433,628	)	$	2,802,045
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable and accrued expenses	$	47,284		$	713,625	$	554		$	(175	)	$	761,288
Intercompany payables	5,304,051			—		424,057			(5,728,108		)	—
Current portion of debt	—			698		—			—			698
Current portion of litigation settlements	19,101			—		—			—			19,101
Total current liabilities	5,370,436			714,323		424,611			(5,728,283		)	781,087
Long-term debt	549,641			133,923		213,000			—			896,564
Other long-term liabilities	59,764			314,149		92			—			374,005
Long-term litigation settlements	36,074			—		—			—			36,074
Total stockholders’ equity	714,315			6,653,491		51,854			(6,705,345		)	714,315
Total	$	6,730,230		$	7,815,886	$	689,557		$	(12,433,628	)	$	2,802,045

	Unaudited Condensed Consolidating Statement of Comprehensive Income for the Three Months Ended September 30, 2014
	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated Totals
	(In thousands)
Net sales	$	—		$	2,370,161		$	3,119		$	—		$	2,373,280
Cost of sales	—			1,953,984			2,496			—			1,956,480
Gross profit	—			416,177			623			—			416,800
Selling and distribution	—			337,048			298			—			337,346
General and administrative	790			68,385			553			—			69,728
Amortization of intangibles	—			714			—			—			714
Facility closing and reorganization costs	—			2,805			—			—			2,805
Impairment of long-lived assets	—			7,400			—			—			7,400
Interest expense	10,496			2,914			1,823			—			15,233
Other (income) expense, net	(800		)	1,507			(1,194		)	—			(487		)
Loss from continuing operations before income taxes and equity in earnings (loss) of subsidiaries	(10,486		)	(4,596		)	(857		)	—			(15,939		)
Income tax expense (benefit)	6,560			(6,785		)	(578		)	—			(803		)
Income (loss) before equity in earnings (loss) of subsidiaries	(17,046		)	2,189			(279		)	—			(15,136		)
Equity in earnings (loss) of consolidated subsidiaries	1,110			(279		)	—			(831		)	—
Income (loss) from continuing operations	(15,936		)	1,910			(279		)	(831		)	(15,136		)
Loss from discontinued operations, net of tax	—			(45		)	(791		)	—			(836		)
Gain (loss) on sale of discontinued operations, net of tax	(36		)	61			(25		)	—			—
Net income (loss)	(15,972		)	1,926			(1,095		)	(831		)	(15,972		)
Other comprehensive income (loss), net of tax	862			51			(429		)	—			484
Comprehensive income (loss)	$	(15,110	)	$	1,977		$	(1,524	)	$	(831	)	$	(15,488	)

	Unaudited Condensed Consolidating Statement of Comprehensive Income for the Three Months Ended September 30, 2013
	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated Totals
	(In thousands)
Net sales	$	—		$	2,197,974		$	2,925		$	—		$	2,200,899
Cost of sales	—			1,757,469			2,145			—			1,759,614
Gross profit	—			440,505			780			—			441,285
Selling and distribution	—			333,096			360			—			333,456
General and administrative	1,357			70,440			477			—			72,274
Amortization of intangibles	—			910			—			—			910
Facility closing and reorganization costs	—			7,268			—			—			7,268
Impairment of long-lived assets	—			4,422			—			—			4,422
Other operating (income) loss	290			(5		)	—			—			285
Interest expense	26,246			2,906			1,086			—			30,238
Gain on disposition of WhiteWave common stock	(415,783		)	—			—			—			(415,783		)
Other (income) expense, net	(400		)	588			(314		)	—			(126		)
Income (loss) from continuing operations before income taxes and equity in earnings (loss) of subsidiaries	388,290			20,880			(829		)	—			408,341
Income tax expense (benefit)	(13,936		)	8,131			(1,372		)	—			(7,177		)
Income before equity in earnings (loss) of subsidiaries	402,226			12,749			543			—			415,518
Equity in earnings (loss) of consolidated subsidiaries	13,292			(362		)	—			(12,930		)	—
Income from continuing operations	415,518			12,387			543			(12,930		)	415,518
Loss on sale of discontinued operations, net of tax	(398		)	—			—			—			(398		)
Net income	415,120			12,387			543			(12,930		)	415,120
Other comprehensive income (loss), net of tax	(383,312		)	139			(42		)	—			(383,215		)
Comprehensive income	$	31,808		$	12,526		$	501		$	(12,930	)	$	31,905

	Unaudited Condensed Consolidating Statement of Comprehensive Income for the Nine Months Ended September 30, 2014
	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated Totals
	(In thousands)
Net sales	$	—		$	7,098,125		$	10,064		$	—		$	7,108,189
Cost of sales	—			5,868,162			7,964			—			5,876,126
Gross profit	—			1,229,963			2,100			—			1,232,063
Selling and distribution	—			1,010,667			990			—			1,011,657
General and administrative	1,408			209,819			1,577			—			212,804
Amortization of intangibles	—			2,175			—			—			2,175
Facility closing and reorganization costs	—			4,510			—			—			4,510
Litigation settlements	(2,521		)	—			—			—			(2,521		)
Impairment of long-lived assets	—			7,400			—			—			7,400
Other operating income	—			(4,535		)	—			—			(4,535		)
Interest expense	32,307			8,954			4,216			—			45,477
Other (income) expense, net	(1,400		)	2,664			(2,024		)	—			(760		)
Loss from continuing operations before income taxes and equity in earnings (loss) of subsidiaries	(29,794		)	(11,691		)	(2,659		)	—			(44,144		)
Income tax expense (benefit)	1,235			(18,426		)	(1,062		)	—			(18,253		)
Income (loss) before equity in earnings (loss) of subsidiaries	(31,029		)	6,735			(1,597		)	—			(25,891		)
Equity in earnings (loss) of consolidated subsidiaries	4,653			(1,689		)	—			(2,964		)	—
Income (loss) from continuing operations	(26,376		)	5,046			(1,597		)	(2,964		)	(25,891		)
Loss from discontinued operations, net of tax	—			(45		)	(791		)	—			(836		)
Gain on sale of discontinued operations, net of tax	802			—			352			—			1,154
Net income (loss)	(25,574		)	5,001			(2,036		)	(2,964		)	(25,573		)
Other comprehensive income, net of tax	2,008			138			291			—			2,437
Comprehensive income (loss)	$	(23,566	)	$	5,139		$	(1,745	)	$	(2,964	)	$	(23,136	)

	Unaudited Condensed Consolidating Statement of Comprehensive Income for the Nine Months Ended September 30, 2013
	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated Totals
	(In thousands)
Net sales	$	—		$	6,710,398		$	10,473		$	—		$	6,720,871
Cost of sales	—			5,304,577			7,477			—			5,312,054
Gross profit	—			1,405,821			2,996			—			1,408,817
Selling and distribution	—			1,003,990			1,141			—			1,005,131
General and administrative	992			241,277			1,357			—			243,626
Amortization of intangibles	—			2,785			—			—			2,785
Facility closing and reorganization costs	—			17,817			—			—			17,817
Litigation settlements	(1,019		)	—			—			—			(1,019		)
Impairment of long-lived assets	—			38,527			3,414			—			41,941
Other operating loss	290			2,204			—			—			2,494
Interest expense	168,062			8,807			3,140			—			180,009
Gain on disposition of WhiteWave common stock	(415,783		)	—			—			—			(415,783		)
Other (income) expense, net	—			414			(903		)	—			(489		)
Income (loss) from continuing operations before income taxes and equity in earnings (loss) of subsidiaries	247,458			90,000			(5,153		)	—			332,305
Income tax expense (benefit)	(64,220		)	36,949			(3,145		)	—			(30,416		)
Income (loss) before equity in earnings (loss) of subsidiaries	311,678			53,051			(2,008		)	—			362,721
Equity in earnings (loss) of consolidated subsidiaries	539,575			(2,610		)	—			(536,965		)	—
Income (loss) from continuing operations	851,253			50,441			(2,008		)	(536,965		)	362,721
Income from discontinued operations, net of tax	—			—			2,891			—			2,891
Gain (loss) on sale of discontinued operations, net of tax	(398		)	491,825			(5		)	—			491,422
Net income	850,855			542,266			878			(536,965		)	857,034
Net loss attributable to non-controlling interest in discontinued operations	—			—			(6,179		)	—			(6,179		)
Net income (loss) attributable to Dean Foods Company	850,855			542,266			(5,301		)	(536,965		)	850,855
Other comprehensive income (loss), net of tax, attributable to Dean Foods Company	63,955			432			(8,088		)	—			56,299
Comprehensive income (loss) attributable to Dean Foods Company	$	914,810		$	542,698		$	(13,389	)	$	(536,965	)	$	907,154

	Unaudited Condensed Consolidating Statement of Cash Flows for the Nine Months Ended September 30, 2014
	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidated Totals
	(In thousands)
Cash flows from operating activities:
Net cash provided by (used in) operating activities	$	(39,062	)	$	113,069		$	(25,936	)	$	48,071
Cash flows from investing activities:
Payments for property, plant and equipment	—			(89,486		)	—			(89,486		)
Proceeds from sale of fixed assets	—			18,688			—			18,688
Net cash used in investing activities	—			(70,798		)	—			(70,798		)
Cash flows from financing activities:
Repayments of debt	—			(498		)	—			(498		)
Proceeds from senior secured revolver	1,865,745			—			—			1,865,745
Payments for senior secured revolver	(1,868,035		)	—			—			(1,868,035		)
Proceeds from receivables-backed facility	—			—			1,836,000			1,836,000
Payments for receivables-backed facility	—			—			(1,754,000		)	(1,754,000		)
Common stock repurchase	(25,000		)	—			—			(25,000		)
Cash dividend paid	(19,654		)	—			—			(19,654		)
Payments of deferred financing costs	(1,544		)	—			(1,689		)	(3,233		)
Issuance of common stock, net of share repurchases	5,296			—			—			5,296
Tax savings on share-based compensation	332			—			—			332
Net change in intercompany balances	108,137			(53,579		)	(54,558		)	—
Net cash provided by (used in) financing activities	65,277			(54,077		)	25,753			36,953
Effect of exchange rate changes on cash and cash equivalents	—			—			(607		)	(607		)
Increase (decrease) in cash and cash equivalents	26,215			(11,806		)	(790		)	13,619
Cash and cash equivalents, beginning of period	(12,289		)	17,433			11,618			16,762
Cash and cash equivalents, end of period	$	13,926		$	5,627		$	10,828		$	30,381

	Unaudited Condensed Consolidating Statement of Cash Flows for the Nine Months Ended September 30, 2013
	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidated Totals
	(In thousands)
Cash flows from operating activities:
Net cash provided by (used in) operating activities— continuing operations	$	(417,208	)	$	53,877		$	104,703		$	(258,628	)
Net cash provided by operating activities — discontinued operations	—			—			14,174			14,174
Net cash provided by (used in) operating activities	(417,208		)	53,877			118,877			(244,454		)
Cash flows from investing activities:
Payments for property, plant and equipment	—			(90,387		)	—			(90,387		)
Proceeds from sale of fixed assets	—			8,526			—			8,526
Net cash used in investing activities— continuing operations	—			(81,861		)	—			(81,861		)
Net cash provided by (used in) investing activities — discontinued operations	1,441,322			—			(37,828		)	1,403,494
Net cash provided by (used in) investing activities	1,441,322			(81,861		)	(37,828		)	1,321,633
Cash flows from financing activities:
Repayments of debt	(1,027,196		)	—			—			(1,027,196		)
Proceeds from senior secured revolver	696,000			—			—			696,000
Payments for senior secured revolver	(961,000		)	—			—			(961,000		)
Proceeds from receivables-backed facility	—			—			478,000			478,000
Payments for receivables-backed facility	—			—			(478,000		)	(478,000		)
Proceeds from short-term credit facilities	626,750			—			—			626,750
Payments for short-term credit facilities	(37,521		)	—			—			(37,521		)
Payment of financing costs	(6,197		)	—			—			(6,197		)
Issuance of common stock, net of share repurchases for withholding taxes	17,638			—			—			17,638
Tax savings on share-based compensation	2,139			—			—			2,139
Net change in intercompany balances	(2,610		)	30,661			(28,051		)	—
Net cash provided by (used in) financing activities— continuing operations	(691,997		)	30,661			(28,051		)	(689,387		)
Net cash used in financing activities — discontinued operations	—			—			(51,584		)	(51,584		)
Net cash provided by (used in) financing activities	(691,997		)	30,661			(79,635		)	(740,971		)
Effect of exchange rate changes on cash and cash equivalents	—			—			(216		)	(216		)
Increase in cash and cash equivalents	332,117			2,677			1,198			335,992
Cash and cash equivalents, beginning of period	15,242			—			9,415			24,657
Cash and cash equivalents, end of period	$	347,359		$	2,677		$	10,613		$	360,649

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Derivative Financial Instruments and Fair Value Measurements

9 Months Ended

Sep. 30, 2014

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Financial Instruments and Fair Value Measurements

Derivative Financial Instruments and Fair Value Measurements

Derivative Financial Instruments

Commodities — We are exposed to commodity price fluctuations, including milk, butterfat, sweeteners and other commodity costs used in the manufacturing, packaging and distribution of our products, such as natural gas, resin and diesel fuel. To secure adequate supplies of materials and bring greater stability to the cost of ingredients and their related manufacturing, packaging and distribution, we routinely enter into forward purchase contracts and other purchase arrangements with suppliers. Under the forward purchase contracts, we commit to purchasing agreed-upon quantities of ingredients and commodities at agreed-upon prices at specified future dates. The outstanding purchase commitment for these commodities at any point in time typically ranges from one month’s to one year’s anticipated requirements, depending on the ingredient or commodity. These contracts are considered normal purchases.

In addition to entering into forward purchase contracts, from time to time we may purchase over-the-counter contracts from our qualified banking partners or enter into exchange-traded commodity futures contracts for raw materials that are ingredients of our products or components of such ingredients. Effective January 1, 2014, we have de-designated all open commodity derivative positions that were previously designated as cash flow hedges. During the first quarter of 2014, we reclassified $0.2 million, net of tax, of hedging activity related to these commodities contracts from accumulated other comprehensive income into operating income. As of the de-designation date, all commodities contracts are now marked to market in our income statement at each reporting period and a derivative asset or liability is recorded on our balance sheet.

Although we may utilize forward purchase contracts and other instruments to mitigate the risks related to commodity price fluctuation, such strategies do not fully mitigate commodity price risk. Adverse movements in commodity prices over the terms of the contracts or instruments could decrease the economic benefits we derive from these strategies.

At September 30, 2014 and December 31, 2013, our derivatives recorded at fair value in our unaudited Condensed Consolidated Balance Sheets consisted of the following:

	Derivative Assets				Derivative Liabilities
	September 30, 2014		December 31, 2013		September 30, 2014		December 31, 2013
	(In thousands)
Derivatives Designated as Hedging Instruments
Commodities contracts — current(1)	$	—	$	714	$	—	$	204
Derivatives not Designated as Hedging Instruments
Commodities contracts — current(1)	369		255		467		114
Commodities contracts — non-current(2)	6		—		—		—
Total derivatives	$	375	$	969	$	467	$	318

(1) Derivative assets and liabilities that have settlement dates equal to or less than 12 months from the respective balance sheet date are included in other current assets and accounts payable and accrued expenses, respectively, in our unaudited Condensed Consolidated Balance Sheets.

(2) Derivative assets and liabilities that have settlement dates greater than 12 months from the respective balance sheet date are included in identifiable intangible and other assets, net and other long-term liabilities, respectively, in our unaudited Condensed Consolidated Balance Sheets.

Gains and losses on derivatives designated as cash flow hedges were reclassified from accumulated other comprehensive income to operating income for the three and nine months ended September 30, 2013 as follows (in thousands):

	Three Months Ended September 30, 2013		Nine Months Ended September 30, 2013
Losses on interest rate swap contracts(1)	$	—	$	94,832
Losses on commodities contracts(2)	288		544
Gains on foreign currency contracts(3)	—		(78		)

(1) Recorded in interest expense in our unaudited Condensed Consolidated Statements of Operations.

(2) Recorded in distribution expense or cost of sales, depending on commodity type, in our unaudited Condensed Consolidated Statements of Operations.

(3) Recorded in cost of sales in our unaudited Condensed Consolidated Statements of Operations.

There was no material hedge ineffectiveness related to our commodities contracts designated as hedging instruments in the three and nine months ended September 30, 2013.

Interest Rates - We have historically entered into interest rate swap agreements that were designated as cash flow hedges against variable interest rate exposure on a portion of our debt, with the objective of minimizing the impact of interest rate fluctuations and stabilizing cash flows. These swap agreements provided hedges for interest on our senior secured credit facility by fixing the LIBOR component of interest rates specified in our prior credit facility at the interest rates specified in the interest rate swap agreements until the indicated expiration dates of these interest rate swap agreements. For the reasons described below, we no longer have any interest rate swaps outstanding.

As disclosed in Note 2, in January 2013, we completed the sale of Morningstar and used a portion of the proceeds to repay debt. As a result of these repayments, we determined that we no longer had sufficient levels of variable rate debt to support the $1 billion aggregate notional amount of interest rate hedges. Accordingly, in the first quarter of 2013, we terminated these interest rate swaps, and upon termination, we paid the counterparties $28.0 million based on the fair value of the swaps on that date. As we determined that the forecasted transactions hedged by these swaps were no longer probable, we reclassified total losses of $28.1 million ($17.3 million, net of tax) previously recorded in accumulated other comprehensive income to interest expense during the nine months ended September 30, 2013.

In connection with the WhiteWave IPO discussed in Note 2, in the fourth quarter of 2012, we novated certain of our then-outstanding interest rate swaps to WhiteWave. WhiteWave became the sole counterparty to the financial institutions under these swap agreements, and is directly responsible for any required future settlements, and the sole beneficiary of any future receipts of funds, pursuant to the terms of these swaps.

As of the novation date, these swaps were de-designated and subsequent changes in fair value were reflected in our unaudited Condensed Consolidated Statements of Operations, with a non-controlling interest adjustment for the 13.3% economic interest in WhiteWave that we did not own. Upon completion of the WhiteWave spin-off on May 23, 2013, we determined that the underlying hedged forecasted transactions related to these swaps were no longer probable; therefore, during the three months ended June 30, 2013, we reclassified total losses of $63.4 million ($38.9 million, net of tax) previously recorded in accumulated other comprehensive income associated with the swaps to earnings. This non-cash charge was recorded as a component of interest expense in our unaudited Condensed Consolidated Statements of Operations. See Note 9.

Fair Value Measurements

Fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or liability. As a basis for considering assumptions, we follow a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value as follows:

• Level 1 — Quoted prices for identical instruments in active markets.

• Level 2 — Quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active and model-derived valuations, in which all significant inputs are observable in active markets.

• Level 3 — Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.

A summary of our derivative assets and liabilities measured at fair value on a recurring basis as of September 30, 2014 is as follows (in thousands):

	Fair Value as of September 30, 2014		Level 1		Level 2		Level 3
Asset — Commodities contracts	$	375	$	—	$	375	$	—
Liability — Commodities contracts	467		—		467		—

A summary of our derivative assets and liabilities measured at fair value on a recurring basis as of December 31, 2013 is as follows (in thousands):

	Fair Value as of December 31, 2013		Level 1		Level 2		Level 3
Asset — Commodities contracts	$	969	$	—	$	969	$	—
Liability — Commodities contracts	318		—		318		—

Due to their near-term maturities, the carrying amounts of accounts receivable and accounts payable are considered equivalent to fair value. In addition, because the interest rates on our senior secured credit facility, receivables-backed facility, and certain other debt are variable, their fair values approximate their carrying values.

The fair values of our Dean Foods Company senior notes and subsidiary senior notes were determined based on quoted market prices obtained through an external pricing source which derives its price valuations from daily marketplace transactions, with adjustments to reflect the spreads of benchmark bonds, credit risk and certain other variables. We have determined these fair values to be Level 2 measurements as all significant inputs into the quotes provided by our pricing source are observable in active markets. The following table presents the carrying values and fair values of our senior and subsidiary senior notes at September 30, 2014 and December 31, 2013:

	September 30, 2014				December 31, 2013
	Carrying Value		Fair Value		Carrying Value		Fair Value
	(In thousands)
Subsidiary senior notes due 2017	$	134,369	$	152,295	$	132,808	$	153,005
Dean Foods Company senior notes due 2016	475,757		506,545		475,579		527,378
Dean Foods Company senior notes due 2018	23,812		25,479		23,812		26,908

Additionally, we maintain a Supplemental Executive Retirement Plan (“SERP”), which is a nonqualified deferred compensation arrangement for our executive officers and other employees earning compensation in excess of the maximum compensation that can be taken into account with respect to our 401(k) plan. The SERP is designed to provide these employees with retirement benefits from us that are equivalent, as a percentage of total compensation, to the benefits provided to other employees. The assets related to this plan are primarily invested in money market and mutual funds and are held at fair value. We classify these assets as Level 2 as fair value can be corroborated based on quoted market prices for identical or similar instruments in markets that are not active. The following table presents a summary of the SERP assets measured at fair value on a recurring basis as of September 30, 2014 (in thousands):

	Total		Level 1		Level 2		Level 3
Money market	$	35	$	—	$	35	$	—
Mutual funds	1,956		—		1,956		—

The following table presents a summary of the SERP assets measured at fair value on a recurring basis as of December 31, 2013 (in thousands):

	Total		Level 1		Level 2		Level 3
Money market	$	5	$	—	$	5	$	—
Mutual funds	2,103		—		2,103		—

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Earnings (Loss) Per Share

9 Months Ended

Sep. 30, 2014

Earnings Per Share [Abstract]

Earnings (Loss) Per Share

Earnings (Loss) Per Share

Basic earnings (loss) per share (“EPS”) is based on the weighted average number of common shares outstanding during each period. Diluted EPS is based on the weighted average number of common shares outstanding and the effect of all dilutive common stock equivalents outstanding during each period. Stock option conversions and stock units were not included in the computation of diluted loss per share for each of the three and nine months ended September 30, 2014, as we incurred a loss from continuing operations for these periods and any effect on loss per share would have been anti-dilutive. The following table reconciles the numerators and denominators used in the computations of both basic and diluted EPS:

	Three Months Ended September 30					Nine Months Ended September 30
	2014			2013		2014			2013
	(In thousands, except share data)
Basic earnings (loss) per share computation:
Numerator:
Income (loss) from continuing operations	$	(15,136	)	$	415,518	$	(25,891	)	$	362,721
Denominator:
Average common shares	93,797,183			94,164,101		93,916,848			93,533,631
Basic earnings (loss) per share from continuing operations	$	(0.16	)	$	4.41	$	(0.28	)	$	3.88
Diluted earnings (loss) per share computation:
Numerator:
Income (loss) from continuing operations	$	(15,136	)	$	415,518	$	(25,891	)	$	362,721
Denominator:
Average common shares — basic	93,797,183			94,164,101		93,916,848			93,533,631
Stock option conversion(1)	—			805,976		—			712,038
Stock units(2)	—			367,687		—			331,455
Average common shares — diluted	93,797,183			95,337,764		93,916,848			94,577,124
Diluted earnings (loss) per share from continuing operations	$	(0.16	)	$	4.35	$	(0.28	)	$	3.84
(1) Anti-dilutive common shares excluded	3,421,121			2,949,208		3,638,658			3,758,723
(2) Anti-dilutive stock units excluded	267,771			8,704		306,176			7,949

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Asset Impairment Charges and Facility Closing and Reorganization Costs - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Restructuring and Related Activities [Abstract]
Tangible asset impairment charges	$ 4.4	$ 7.4	$ 35.5
Intangible asset impairment charges			$ 6.4

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Facility Closing and Reorganization Costs - Approved Plans and Related Charges (Parenthetical) (Detail) (USD $) In Millions, unless otherwise specified	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2014 Facility Closing	Sep. 30, 2013 Functional Realignment	Sep. 30, 2013 Field and Functional Reorganization
Restructuring Cost and Reserve [Line Items]
Charges incurred to date		$ 42.7	$ 33.1	$ 11.3
Expected costs	$ 3.7

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Employee Retirement and Postretirement Benefits - Components of Net Periodic Benefit Cost (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Defined Benefit Plans
Components of net periodic benefit cost:
Service cost	$ 770	$ 923	$ 2,310	$ 2,769
Interest cost	3,495	3,128	10,485	9,384
Expected return on plan assets	(4,690)	(4,633)	(14,070)	(13,899)
Amortizations:
Prior service cost	197	198	591	594
Unrecognized net loss	1,276	3,098	3,828	9,294
Net periodic benefit cost	1,048	2,714	3,144	8,142
Postretirement Benefits
Components of net periodic benefit cost:
Service cost	206	204	618	612
Interest cost	416	306	1,248	918
Amortizations:
Prior service cost	16	6	48	18
Unrecognized net loss	19	75	57	225
Net periodic benefit cost	$ 657	$ 591	$ 1,971	$ 1,773

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Discontinued Operations - Additional Information (Detail) (USD $)	3 Months Ended		9 Months Ended		1 Months Ended	9 Months Ended		3 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Jan. 31, 2013 Morningstar	Sep. 30, 2013 Morningstar	Sep. 30, 2014 WhiteWave Foods transaction	Dec. 31, 2012 IPO WhiteWave Foods	Jun. 30, 2013 Spinoff WhiteWave Foods	Sep. 30, 2013 Equity Swap WhiteWave Foods
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income (loss) from discontinued operations, net of tax	$ (836,000)	$ 0	$ (836,000)	$ 2,891,000
Number Of Transactions Related To Spin-Off And Disposal							3
Sale of Stock, Percentage of Shares Offered								13.30%	66.80%	19.90%
Gain on disposition of WhiteWave common stock	0	415,783,000	0	415,783,000
Unrealized holding gains		385,600,000
Net cash proceed for full repayment of debt					1,450,000,000
Net pre-tax gain related to divestiture						871,300,000
Gain (loss) on sale of discontinued operations, net of tax	0	(398,000)	1,154,000	491,422,000		492,100,000
Discontinued operations transaction costs	$ 0		$ 0	$ 12,764,000		$ 300,000

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Derivative Financial Instruments and Fair Value Measurements - Summary of Derivative Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) (Commodities Contracts, USD $) In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Derivatives, Fair Value [Line Items]
Asset, Fair Value	$ 375	$ 969
Liability, Fair Value	467	318
Level 1
Derivatives, Fair Value [Line Items]
Asset, Fair Value	0	0
Liability, Fair Value	0	0
Level 2
Derivatives, Fair Value [Line Items]
Asset, Fair Value	375	969
Liability, Fair Value	467	318
Level 3
Derivatives, Fair Value [Line Items]
Asset, Fair Value	0	0
Liability, Fair Value	$ 0	$ 0

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Segment, Geographic and Customers Information

9 Months Ended

Sep. 30, 2014

Segment Reporting [Abstract]

Segment, Geographic and Customers Information

Segment, Geographic and Customers Information

We operate as a single reportable segment in manufacturing, marketing, selling and distributing a wide variety of branded and private label dairy case products. We operate 68 manufacturing facilities geographically located largely based on local and regional customer needs and other market factors. We manufacture, market and distribute a wide variety of branded and private label dairy case products, including milk, ice cream, cultured dairy products, creamers, ice cream mix and other dairy products to retailers, distributors, foodservice outlets, educational institutions and governmental entities across the United States. Our products are primarily delivered through what we believe to be one of the most extensive refrigerated direct store delivery (“DSD”) systems in the United States. Our Chief Executive Officer evaluates the performance of our business based on sales and operating income or loss before gains and losses on the sale of businesses, facility closing and reorganization costs, litigation settlements, impairments of long-lived assets and other non-recurring gains and losses.

In connection with the WhiteWave separation in 2013, all segment results herein have been recast and present results on a comparable basis under a single reportable segment.

Geographic Information — Net sales related to our foreign operations comprised less than 1% of our consolidated net sales during the three and nine months ended September 30, 2014 and 2013. None of our long-lived assets are associated with our foreign operations.

Significant Customers — Our largest customer accounted for approximately 16% and 17% of our consolidated net sales in the three months ended September 30, 2014 and 2013, respectively, and approximately 16% and 19% of our consolidated net sales in the nine months ended September 30, 2014 and 2013.

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Debt (Tables)

9 Months Ended

Sep. 30, 2014

Debt Disclosure [Abstract]

Schedule of Debt Instruments

Our outstanding debt as of September 30, 2014 and December 31, 2013 consisted of the following:

	September 30, 2014					December 31, 2013
	Amount Outstanding			Interest Rate		Amount Outstanding			Interest Rate
	(In thousands, except percentages)
Dean Foods Company debt obligations:
Senior secured credit facility	$	47,960		2.16	%*	$	50,250		1.67	%*
Senior notes due 2016	475,757			7.00		475,579			7.00
Senior notes due 2018	23,812			9.75		23,812			9.75
	547,529					549,641
Subsidiary debt obligations:
Senior notes due 2017	134,369			6.90		132,808			6.90
Receivables-backed facility	295,000			1.28		213,000			1.19
Capital lease and other	1,316			—		1,813			—
	430,685					347,621
	978,214					897,262
Less current portion	(698		)			(698		)
Total long-term portion	$	977,516				$	896,564

* Represents a weighted average rate, including applicable interest rate margins, for the credit facility.

Schedule of Maturities of Long-Term Debt

The scheduled maturities of long-term debt at September 30, 2014 were as follows (in thousands):

2014	$	164
2015	658
2016	476,682
2017	437,000
2018	71,772
Thereafter	—
Subtotal	986,276
Less discounts	(8,062		)
Total outstanding debt	$	978,214

Condensed Consolidating Balance Sheet

Therefore, the activity and balances allocated to discontinued operations related to WhiteWave have been recast in the tables below for all periods presented to include WhiteWave and its subsidiaries in the non-guarantor column as these parties are no longer guarantors of the 2016 senior notes or 2018 senior notes.

	Unaudited Condensed Consolidating Balance Sheet as of September 30, 2014
	Parent			Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Eliminations			Consolidated Totals
	(In thousands)
ASSETS
Current assets:
Cash and cash equivalents	$	13,926		$	5,627	$	10,828	$	—		$	30,381
Receivables, net	2,086			71,999		702,656		—			776,741
Income tax receivable	32,568			8,095		—		—			40,663
Inventories	—			279,691		—		—			279,691
Intercompany receivables	—			5,778,783		—		(5,778,783		)	—
Other current assets	(903		)	86,769		216		—			86,082
Total current assets	47,677			6,230,964		713,700		(5,778,783		)	1,213,558
Property, plant and equipment, net	—			1,180,958		32		—			1,180,990
Goodwill	—			86,841		—		—			86,841
Identifiable intangible and other assets, net	58,725			249,764		12		—			308,501
Investment in subsidiaries	6,636,135			52,563		—		(6,688,698		)	—
Total	$	6,742,537		$	7,801,090	$	713,744	$	(12,467,481	)	$	2,789,890
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable and accrued expenses	$	48,824		$	719,939	$	62	$	(762	)	$	768,063
Intercompany payables	5,412,006			—		366,015		(5,778,021		)	—
Current portion of debt	—			698		—		—			698
Current portion of litigation settlements	18,853			—		—		—			18,853
Total current liabilities	5,479,683			720,637		366,077		(5,778,783		)	787,614
Long-term debt	547,529			134,987		295,000		—			977,516
Other long-term liabilities	43,428			309,331		104		—			352,863
Long-term litigation settlements	16,698			—		—		—			16,698
Total stockholders’ equity	655,199			6,636,135		52,563		(6,688,698		)	655,199
Total	$	6,742,537		$	7,801,090	$	713,744	$	(12,467,481	)	$	2,789,890

	Unaudited Condensed Consolidating Balance Sheet as of December 31, 2013
	Parent			Guarantor Subsidiaries		Non- Guarantor Subsidiaries			Eliminations			Consolidated Totals
	(In thousands)
ASSETS
Current assets:
Cash and cash equivalents	$	(12,289	)	$	17,433	$	11,618		$	—		$	16,762
Receivables, net	1,932			72,660		677,642			—			752,234
Income tax receivable	10,374			5,541		—			—			15,915
Inventories	—			262,858		—			—			262,858
Intercompany receivables	—			5,728,284		(1		)	(5,728,283		)	—
Other current assets	6,944			95,927		58			—			102,929
Total current assets	6,961			6,182,703		689,317			(5,728,283		)	1,150,698
Property, plant and equipment, net	—			1,215,888		159			—			1,216,047
Goodwill	—			86,841		—			—			86,841
Identifiable intangible and other assets, net	90,269			258,109		81			—			348,459
Investment in subsidiaries	6,633,000			72,345		—			(6,705,345		)	—
Total	$	6,730,230		$	7,815,886	$	689,557		$	(12,433,628	)	$	2,802,045
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable and accrued expenses	$	47,284		$	713,625	$	554		$	(175	)	$	761,288
Intercompany payables	5,304,051			—		424,057			(5,728,108		)	—
Current portion of debt	—			698		—			—			698
Current portion of litigation settlements	19,101			—		—			—			19,101
Total current liabilities	5,370,436			714,323		424,611			(5,728,283		)	781,087
Long-term debt	549,641			133,923		213,000			—			896,564
Other long-term liabilities	59,764			314,149		92			—			374,005
Long-term litigation settlements	36,074			—		—			—			36,074
Total stockholders’ equity	714,315			6,653,491		51,854			(6,705,345		)	714,315
Total	$	6,730,230		$	7,815,886	$	689,557		$	(12,433,628	)	$	2,802,045

Condensed Consolidating Statement of Operations

	Unaudited Condensed Consolidating Statement of Comprehensive Income for the Three Months Ended September 30, 2014
	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated Totals
	(In thousands)
Net sales	$	—		$	2,370,161		$	3,119		$	—		$	2,373,280
Cost of sales	—			1,953,984			2,496			—			1,956,480
Gross profit	—			416,177			623			—			416,800
Selling and distribution	—			337,048			298			—			337,346
General and administrative	790			68,385			553			—			69,728
Amortization of intangibles	—			714			—			—			714
Facility closing and reorganization costs	—			2,805			—			—			2,805
Impairment of long-lived assets	—			7,400			—			—			7,400
Interest expense	10,496			2,914			1,823			—			15,233
Other (income) expense, net	(800		)	1,507			(1,194		)	—			(487		)
Loss from continuing operations before income taxes and equity in earnings (loss) of subsidiaries	(10,486		)	(4,596		)	(857		)	—			(15,939		)
Income tax expense (benefit)	6,560			(6,785		)	(578		)	—			(803		)
Income (loss) before equity in earnings (loss) of subsidiaries	(17,046		)	2,189			(279		)	—			(15,136		)
Equity in earnings (loss) of consolidated subsidiaries	1,110			(279		)	—			(831		)	—
Income (loss) from continuing operations	(15,936		)	1,910			(279		)	(831		)	(15,136		)
Loss from discontinued operations, net of tax	—			(45		)	(791		)	—			(836		)
Gain (loss) on sale of discontinued operations, net of tax	(36		)	61			(25		)	—			—
Net income (loss)	(15,972		)	1,926			(1,095		)	(831		)	(15,972		)
Other comprehensive income (loss), net of tax	862			51			(429		)	—			484
Comprehensive income (loss)	$	(15,110	)	$	1,977		$	(1,524	)	$	(831	)	$	(15,488	)

	Unaudited Condensed Consolidating Statement of Comprehensive Income for the Three Months Ended September 30, 2013
	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated Totals
	(In thousands)
Net sales	$	—		$	2,197,974		$	2,925		$	—		$	2,200,899
Cost of sales	—			1,757,469			2,145			—			1,759,614
Gross profit	—			440,505			780			—			441,285
Selling and distribution	—			333,096			360			—			333,456
General and administrative	1,357			70,440			477			—			72,274
Amortization of intangibles	—			910			—			—			910
Facility closing and reorganization costs	—			7,268			—			—			7,268
Impairment of long-lived assets	—			4,422			—			—			4,422
Other operating (income) loss	290			(5		)	—			—			285
Interest expense	26,246			2,906			1,086			—			30,238
Gain on disposition of WhiteWave common stock	(415,783		)	—			—			—			(415,783		)
Other (income) expense, net	(400		)	588			(314		)	—			(126		)
Income (loss) from continuing operations before income taxes and equity in earnings (loss) of subsidiaries	388,290			20,880			(829		)	—			408,341
Income tax expense (benefit)	(13,936		)	8,131			(1,372		)	—			(7,177		)
Income before equity in earnings (loss) of subsidiaries	402,226			12,749			543			—			415,518
Equity in earnings (loss) of consolidated subsidiaries	13,292			(362		)	—			(12,930		)	—
Income from continuing operations	415,518			12,387			543			(12,930		)	415,518
Loss on sale of discontinued operations, net of tax	(398		)	—			—			—			(398		)
Net income	415,120			12,387			543			(12,930		)	415,120
Other comprehensive income (loss), net of tax	(383,312		)	139			(42		)	—			(383,215		)
Comprehensive income	$	31,808		$	12,526		$	501		$	(12,930	)	$	31,905

	Unaudited Condensed Consolidating Statement of Comprehensive Income for the Nine Months Ended September 30, 2014
	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated Totals
	(In thousands)
Net sales	$	—		$	7,098,125		$	10,064		$	—		$	7,108,189
Cost of sales	—			5,868,162			7,964			—			5,876,126
Gross profit	—			1,229,963			2,100			—			1,232,063
Selling and distribution	—			1,010,667			990			—			1,011,657
General and administrative	1,408			209,819			1,577			—			212,804
Amortization of intangibles	—			2,175			—			—			2,175
Facility closing and reorganization costs	—			4,510			—			—			4,510
Litigation settlements	(2,521		)	—			—			—			(2,521		)
Impairment of long-lived assets	—			7,400			—			—			7,400
Other operating income	—			(4,535		)	—			—			(4,535		)
Interest expense	32,307			8,954			4,216			—			45,477
Other (income) expense, net	(1,400		)	2,664			(2,024		)	—			(760		)
Loss from continuing operations before income taxes and equity in earnings (loss) of subsidiaries	(29,794		)	(11,691		)	(2,659		)	—			(44,144		)
Income tax expense (benefit)	1,235			(18,426		)	(1,062		)	—			(18,253		)
Income (loss) before equity in earnings (loss) of subsidiaries	(31,029		)	6,735			(1,597		)	—			(25,891		)
Equity in earnings (loss) of consolidated subsidiaries	4,653			(1,689		)	—			(2,964		)	—
Income (loss) from continuing operations	(26,376		)	5,046			(1,597		)	(2,964		)	(25,891		)
Loss from discontinued operations, net of tax	—			(45		)	(791		)	—			(836		)
Gain on sale of discontinued operations, net of tax	802			—			352			—			1,154
Net income (loss)	(25,574		)	5,001			(2,036		)	(2,964		)	(25,573		)
Other comprehensive income, net of tax	2,008			138			291			—			2,437
Comprehensive income (loss)	$	(23,566	)	$	5,139		$	(1,745	)	$	(2,964	)	$	(23,136	)

	Unaudited Condensed Consolidating Statement of Comprehensive Income for the Nine Months Ended September 30, 2013
	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated Totals
	(In thousands)
Net sales	$	—		$	6,710,398		$	10,473		$	—		$	6,720,871
Cost of sales	—			5,304,577			7,477			—			5,312,054
Gross profit	—			1,405,821			2,996			—			1,408,817
Selling and distribution	—			1,003,990			1,141			—			1,005,131
General and administrative	992			241,277			1,357			—			243,626
Amortization of intangibles	—			2,785			—			—			2,785
Facility closing and reorganization costs	—			17,817			—			—			17,817
Litigation settlements	(1,019		)	—			—			—			(1,019		)
Impairment of long-lived assets	—			38,527			3,414			—			41,941
Other operating loss	290			2,204			—			—			2,494
Interest expense	168,062			8,807			3,140			—			180,009
Gain on disposition of WhiteWave common stock	(415,783		)	—			—			—			(415,783		)
Other (income) expense, net	—			414			(903		)	—			(489		)
Income (loss) from continuing operations before income taxes and equity in earnings (loss) of subsidiaries	247,458			90,000			(5,153		)	—			332,305
Income tax expense (benefit)	(64,220		)	36,949			(3,145		)	—			(30,416		)
Income (loss) before equity in earnings (loss) of subsidiaries	311,678			53,051			(2,008		)	—			362,721
Equity in earnings (loss) of consolidated subsidiaries	539,575			(2,610		)	—			(536,965		)	—
Income (loss) from continuing operations	851,253			50,441			(2,008		)	(536,965		)	362,721
Income from discontinued operations, net of tax	—			—			2,891			—			2,891
Gain (loss) on sale of discontinued operations, net of tax	(398		)	491,825			(5		)	—			491,422
Net income	850,855			542,266			878			(536,965		)	857,034
Net loss attributable to non-controlling interest in discontinued operations	—			—			(6,179		)	—			(6,179		)
Net income (loss) attributable to Dean Foods Company	850,855			542,266			(5,301		)	(536,965		)	850,855
Other comprehensive income (loss), net of tax, attributable to Dean Foods Company	63,955			432			(8,088		)	—			56,299
Comprehensive income (loss) attributable to Dean Foods Company	$	914,810		$	542,698		$	(13,389	)	$	(536,965	)	$	907,154

Condensed Consolidating Statement of Cash Flows

	Unaudited Condensed Consolidating Statement of Cash Flows for the Nine Months Ended September 30, 2014
	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidated Totals
	(In thousands)
Cash flows from operating activities:
Net cash provided by (used in) operating activities	$	(39,062	)	$	113,069		$	(25,936	)	$	48,071
Cash flows from investing activities:
Payments for property, plant and equipment	—			(89,486		)	—			(89,486		)
Proceeds from sale of fixed assets	—			18,688			—			18,688
Net cash used in investing activities	—			(70,798		)	—			(70,798		)
Cash flows from financing activities:
Repayments of debt	—			(498		)	—			(498		)
Proceeds from senior secured revolver	1,865,745			—			—			1,865,745
Payments for senior secured revolver	(1,868,035		)	—			—			(1,868,035		)
Proceeds from receivables-backed facility	—			—			1,836,000			1,836,000
Payments for receivables-backed facility	—			—			(1,754,000		)	(1,754,000		)
Common stock repurchase	(25,000		)	—			—			(25,000		)
Cash dividend paid	(19,654		)	—			—			(19,654		)
Payments of deferred financing costs	(1,544		)	—			(1,689		)	(3,233		)
Issuance of common stock, net of share repurchases	5,296			—			—			5,296
Tax savings on share-based compensation	332			—			—			332
Net change in intercompany balances	108,137			(53,579		)	(54,558		)	—
Net cash provided by (used in) financing activities	65,277			(54,077		)	25,753			36,953
Effect of exchange rate changes on cash and cash equivalents	—			—			(607		)	(607		)
Increase (decrease) in cash and cash equivalents	26,215			(11,806		)	(790		)	13,619
Cash and cash equivalents, beginning of period	(12,289		)	17,433			11,618			16,762
Cash and cash equivalents, end of period	$	13,926		$	5,627		$	10,828		$	30,381

	Unaudited Condensed Consolidating Statement of Cash Flows for the Nine Months Ended September 30, 2013
	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidated Totals
	(In thousands)
Cash flows from operating activities:
Net cash provided by (used in) operating activities— continuing operations	$	(417,208	)	$	53,877		$	104,703		$	(258,628	)
Net cash provided by operating activities — discontinued operations	—			—			14,174			14,174
Net cash provided by (used in) operating activities	(417,208		)	53,877			118,877			(244,454		)
Cash flows from investing activities:
Payments for property, plant and equipment	—			(90,387		)	—			(90,387		)
Proceeds from sale of fixed assets	—			8,526			—			8,526
Net cash used in investing activities— continuing operations	—			(81,861		)	—			(81,861		)
Net cash provided by (used in) investing activities — discontinued operations	1,441,322			—			(37,828		)	1,403,494
Net cash provided by (used in) investing activities	1,441,322			(81,861		)	(37,828		)	1,321,633
Cash flows from financing activities:
Repayments of debt	(1,027,196		)	—			—			(1,027,196		)
Proceeds from senior secured revolver	696,000			—			—			696,000
Payments for senior secured revolver	(961,000		)	—			—			(961,000		)
Proceeds from receivables-backed facility	—			—			478,000			478,000
Payments for receivables-backed facility	—			—			(478,000		)	(478,000		)
Proceeds from short-term credit facilities	626,750			—			—			626,750
Payments for short-term credit facilities	(37,521		)	—			—			(37,521		)
Payment of financing costs	(6,197		)	—			—			(6,197		)
Issuance of common stock, net of share repurchases for withholding taxes	17,638			—			—			17,638
Tax savings on share-based compensation	2,139			—			—			2,139
Net change in intercompany balances	(2,610		)	30,661			(28,051		)	—
Net cash provided by (used in) financing activities— continuing operations	(691,997		)	30,661			(28,051		)	(689,387		)
Net cash used in financing activities — discontinued operations	—			—			(51,584		)	(51,584		)
Net cash provided by (used in) financing activities	(691,997		)	30,661			(79,635		)	(740,971		)
Effect of exchange rate changes on cash and cash equivalents	—			—			(216		)	(216		)
Increase in cash and cash equivalents	332,117			2,677			1,198			335,992
Cash and cash equivalents, beginning of period	15,242			—			9,415			24,657
Cash and cash equivalents, end of period	$	347,359		$	2,677		$	10,613		$	360,649

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Derivative Financial Instruments and Fair Value Measurements - Derivatives Recorded at Fair Value in Consolidated Balance Sheets (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014		Dec. 31, 2013
Derivatives, Fair Value [Line Items]
Derivative Assets	$ 375		$ 969
Derivative Liabilities	467		318
Designated As Hedging Instrument | Current | Commodities Contracts
Derivatives, Fair Value [Line Items]
Derivative Assets	0	[1]	714	[1]
Derivative Liabilities	0	[1]	204	[1]
Not Designated As Hedging Instruments | Current | Commodities Contracts
Derivatives, Fair Value [Line Items]
Derivative Assets	369	[1]	255	[1]
Derivative Liabilities	467	[1]	114	[1]
Not Designated As Hedging Instruments | Non Current | Commodities Contracts
Derivatives, Fair Value [Line Items]
Derivative Assets	6	[2]	0	[2]
Derivative Liabilities	$ 0	[2]	$ 0	[2]

[1] Derivative assets and liabilities that have settlement dates equal to or less than 12 months from the respective balance sheet date are included in other current assets and accounts payable and accrued expenses, respectively, in our unaudited Condensed Consolidated Balance Sheets.

[2] Derivative assets and liabilities that have settlement dates greater than 12 months from the respective balance sheet date are included in identifiable intangible and other assets, net and other long-term liabilities, respectively, in our unaudited Condensed Consolidated Balance Sheets.

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Goodwill and Intangible Assets - Estimated Aggregate Finite-Lived Intangible Asset Amortization Expense (Detail) (USD $) In Millions, unless otherwise specified	Sep. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]
2014	$ 2.9
2015	2.9
2016	2.8
2017	2.2
2018	$ 2.0

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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Net income (loss)	$ (15,972)	$ 415,120	$ (25,573)	$ 857,034
Other comprehensive income (loss):
Cumulative translation adjustments	(430)	(40)	291	(10,557)
Net change in fair value of derivative instruments, net of tax	(16)	338	(101)	58,494
Net pension and other postretirement liability adjustment, net of tax	930	2,039	2,467	6,978
Unrealized gain on available-for-sale securities	0	30,231	0	415,783
Reclassification to income statement related to de-designation of cash flow hedges	0	(415,783)	(220)	(415,783)
Other comprehensive income (loss)	484	(383,215)	2,437	54,915
Comprehensive income (loss)	(15,488)	31,905	(23,136)	911,949
Comprehensive income attributable to non-controlling interest	0	0	0	4,795
Comprehensive income (loss) attributable to Dean Foods Company	$ (15,488)	$ 31,905	$ (23,136)	$ 907,154

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Discontinued Operations

9 Months Ended

Sep. 30, 2014

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

Discontinued Operations

WhiteWave and Morningstar

We separated The WhiteWave Foods Company ("WhiteWave") from the Company in a series of three transactions: an initial public offering for 13.3% of the WhiteWave common stock in the fourth quarter of 2012 (the "WhiteWave IPO"); a tax-free spin-off of 66.8% of the WhiteWave common stock in the second quarter of 2013; and a tax-free debt-for-equity exchange of 19.9% of the WhiteWave common stock in the third quarter of 2013. Refer to our 2013 Annual Report on Form 10-K for more information about the WhiteWave separation. While we are a party to a separation and distribution agreement and various other agreements relating to the separation, including a transitional services agreement, an amended and restated tax matters agreement, an employee matters agreement and certain other commercial agreements, we have determined that the continuing cash flows generated by these agreements (which are not expected to extend beyond June 2015) did not constitute significant continuing involvement in the operations of WhiteWave. Accordingly, the net assets, operating results and cash flows of WhiteWave have been separately reflected as discontinued operations for the three and nine months ended September 30, 2013. WhiteWave is a stand-alone public company which separately reports its financial results.

During the three months ended September 30, 2013, as a result of the tax-free disposition of our 19.9% investment in WhiteWave common stock, we recorded a gain in continuing operations of $415.8 million, which included $385.6 million of unrealized holding gains that were previously recorded as a component of accumulated other comprehensive income in the second quarter of 2013. The gain was recorded in the gain on disposition of WhiteWave common stock line item in our unaudited Condensed Consolidated Statements of Operations.

In January 2013, we completed the sale of Morningstar Foods ("Morningstar") to a third party for net proceeds of approximately $1.45 billion. During the nine months ended September 30, 2013, we recorded a gain of $871.3 million ($492.1 million, net of tax) on the sale of Morningstar in January of 2013. The operating results of Morningstar have been included in discontinued operations for the three and nine months ended September 30, 2013.

The following is a summary of operating results and certain other directly attributable expenses, including interest expense, which are included in discontinued operations for the nine months ended September 30, 2013. There were no discontinued operations for the three months ended September 30, 2013.

	Nine Months Ended September 30, 2013
	WhiteWave				Morningstar			Total
	(In thousands)
Operations:
Net sales	$	940,431			$	5,919		$	946,350
Income before income taxes	57,126				109			57,235
Income tax	(54,306		)	(1)	(38		)	(54,344		)
Net income	$	2,820			$	71		$	2,891

(1) The income tax expense attributable to WhiteWave during the nine months ended September 30, 2013 includes approximately $31.1 million related to certain deferred intercompany transactions which were recognized upon the completion of the WhiteWave spin-off. Because these liabilities arose as a direct result of the spin-off of WhiteWave, we have reflected the income statement impact of such liabilities as a component of discontinued operations.

The following is a summary of directly attributable transaction expenses which are included in discontinued operations:

	Nine Months Ended   September 30, 2013
	(In thousands)
WhiteWave	$	12,464
Morningstar	300
Total	$	12,764

There were no transaction expenses directly attributable to discontinued operations during the three and nine months ended September 30, 2014.

During the three and nine months ended September 30, 2014, we recognized net losses from discontinued operations of $0.8 million from the finalization of certain pre-separation tax items related to WhiteWave.

During the nine months ended September 30, 2014, we recognized net gains on the sale of discontinued operations, net of tax, of $1.2 million, from favorable taxing authority settlements related to Morningstar and other prior discontinued operations.

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Common Stock and Share-Based Compensation - Summary of Share Based Compensation Expense Recognized (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended			9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013		Sep. 30, 2014	Sep. 30, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 1,552	$ 3,511		$ 6,802	$ 17,104
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	75	418	[1]	338	6,347	[1]
Stock Options | Whitewave
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense		200			5,600
Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	892	1,467	[1]	3,279	4,010	[1]
Stock Units | Whitewave
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense		400			700
Phantom Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 585	$ 1,626		$ 3,185	$ 6,747

[1] The share-based compensation expense recorded during the three and nine months ended September 30, 2013 includes additional compensation expense of $0.2 million and $5.6 million, respectively, for stock options and $0.4 million and $0.7 million, respectively, for stock units related to the equity modification of share-based compensation pursuant to the WhiteWave spin-off described above.

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Segment, Geographic and Customers Information - Additional Information (Detail)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Segment Reporting Information [Line Items]
Number of reportable segments			1
Number of manufacturing facilities			68
Foreign Operations
Segment Reporting Information [Line Items]
Major customer, percentage of sales	1.00%	1.00%	1.00%	1.00%
Sales
Segment Reporting Information [Line Items]
Major customer, percentage of sales	16.00%	17.00%	16.00%	19.00%

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Derivative Financial Instruments and Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2014

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivatives Recorded at Fair Value in Unaudited Condensed Consolidated Balance Sheets

At September 30, 2014 and December 31, 2013, our derivatives recorded at fair value in our unaudited Condensed Consolidated Balance Sheets consisted of the following:

	Derivative Assets				Derivative Liabilities
	September 30, 2014		December 31, 2013		September 30, 2014		December 31, 2013
	(In thousands)
Derivatives Designated as Hedging Instruments
Commodities contracts — current(1)	$	—	$	714	$	—	$	204
Derivatives not Designated as Hedging Instruments
Commodities contracts — current(1)	369		255		467		114
Commodities contracts — non-current(2)	6		—		—		—
Total derivatives	$	375	$	969	$	467	$	318

(1) Derivative assets and liabilities that have settlement dates equal to or less than 12 months from the respective balance sheet date are included in other current assets and accounts payable and accrued expenses, respectively, in our unaudited Condensed Consolidated Balance Sheets.

(2) Derivative assets and liabilities that have settlement dates greater than 12 months from the respective balance sheet date are included in identifiable intangible and other assets, net and other long-term liabilities, respectively, in our unaudited Condensed Consolidated Balance Sheets.

Gains and Losses on Derivatives Designated as Cash Flow Hedges

Gains and losses on derivatives designated as cash flow hedges were reclassified from accumulated other comprehensive income to operating income for the three and nine months ended September 30, 2013 as follows (in thousands):

	Three Months Ended September 30, 2013		Nine Months Ended September 30, 2013
Losses on interest rate swap contracts(1)	$	—	$	94,832
Losses on commodities contracts(2)	288		544
Gains on foreign currency contracts(3)	—		(78		)

(1) Recorded in interest expense in our unaudited Condensed Consolidated Statements of Operations.

(2) Recorded in distribution expense or cost of sales, depending on commodity type, in our unaudited Condensed Consolidated Statements of Operations.

(3) Recorded in cost of sales in our unaudited Condensed Consolidated Statements of Operations.

Summary of Derivative Assets and Liabilities Measured at Fair Value on Recurring Basis

A summary of our derivative assets and liabilities measured at fair value on a recurring basis as of September 30, 2014 is as follows (in thousands):

	Fair Value as of September 30, 2014		Level 1		Level 2		Level 3
Asset — Commodities contracts	$	375	$	—	$	375	$	—
Liability — Commodities contracts	467		—		467		—

A summary of our derivative assets and liabilities measured at fair value on a recurring basis as of December 31, 2013 is as follows (in thousands):

	Fair Value as of December 31, 2013		Level 1		Level 2		Level 3
Asset — Commodities contracts	$	969	$	—	$	969	$	—
Liability — Commodities contracts	318		—		318		—

Carrying Value and Fair Value of Senior Notes and Subsidiary Senior Notes

The following table presents the carrying values and fair values of our senior and subsidiary senior notes at September 30, 2014 and December 31, 2013:

	September 30, 2014				December 31, 2013
	Carrying Value		Fair Value		Carrying Value		Fair Value
	(In thousands)
Subsidiary senior notes due 2017	$	134,369	$	152,295	$	132,808	$	153,005
Dean Foods Company senior notes due 2016	475,757		506,545		475,579		527,378
Dean Foods Company senior notes due 2018	23,812		25,479		23,812		26,908

Summary of SERP Assets Measured at Fair Value on Recurring Basis

The following table presents a summary of the SERP assets measured at fair value on a recurring basis as of September 30, 2014 (in thousands):

	Total		Level 1		Level 2		Level 3
Money market	$	35	$	—	$	35	$	—
Mutual funds	1,956		—		1,956		—

The following table presents a summary of the SERP assets measured at fair value on a recurring basis as of December 31, 2013 (in thousands):

	Total		Level 1		Level 2		Level 3
Money market	$	5	$	—	$	5	$	—
Mutual funds	2,103		—		2,103		—

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Inventories - Inventories, Net of Reserves (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Inventory Disclosure [Abstract]
Raw materials and supplies	$ 108,402	$ 103,023
Finished goods	171,289	159,835
Total	$ 279,691	$ 262,858

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Commitments and Contingencies

9 Months Ended

Sep. 30, 2014

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Commitments and Contingencies

Contingent Obligations Related to Divested Operations — We have divested certain businesses in recent years. In each case, we have retained certain known contingent obligations related to those businesses and/or assumed an obligation to indemnify the purchasers of the businesses for certain unknown contingent liabilities, including environmental liabilities. We believe that we have established adequate reserves, which are immaterial to the unaudited Condensed Consolidated Financial Statements, for potential liabilities and indemnifications related to our divested businesses. Moreover, we do not expect any liability that we may have for these retained liabilities, or any indemnification liability, to materially exceed amounts accrued.

Contingent Obligations Related to Milk Supply Arrangements — In connection with our acquisition of Legacy Dean, we purchased Dairy Farmers of America’s (“DFA”) 33.8% interest in our operations in 2001. In connection with that transaction, we issued a contingent, subordinated promissory note to DFA in the original principal amount of $40 million. The promissory note has a 20-year term and bears interest based on the consumer price index. Interest will not be paid in cash but will be added to the principal amount of the note annually, up to a maximum principal amount of $96 million. We may prepay the note in whole or in part at any time, without penalty. The note will only become payable if we materially breach or terminate one of our related milk supply agreements with DFA without renewal or replacement. Otherwise, the note will expire in 2021, without any obligation to pay any portion of the principal or interest. Payments made under the note, if any, would be expensed as incurred. We have not terminated, and we have not materially breached, any of our milk supply agreements with DFA related to the promissory note. We have previously terminated unrelated supply agreements with respect to several plants that were supplied by DFA. In connection with our goals of accelerated cost control and increased supply chain efficiency, we continue to evaluate our sources of raw milk supply.

Insurance — We use a combination of insurance and self-insurance for a number of risks, including property, workers’ compensation, general liability, automobile liability, product liability and employee health care utilizing high deductibles. Deductibles vary due to insurance market conditions and risk. Liabilities associated with these risks are estimated considering historical claims experience and other actuarial assumptions. Based on current information, we believe that we have established adequate reserves to cover these claims.

Lease and Purchase Obligations — We lease certain property, plant and equipment used in our operations under both capital and operating lease agreements. Such leases, which are primarily for machinery, equipment and vehicles, have lease terms ranging from one to 20 years. We had an immaterial amount of capital lease obligations as of September 30, 2014 and December 31, 2013. Certain of the operating lease agreements require the payment of additional rentals for maintenance, along with additional rentals based on miles driven or units produced. Certain leases require us to guarantee a minimum value of the leased asset at the end of the lease. Our maximum exposure under those guarantees is not a material amount.

We have entered into various contracts, in the normal course of business, obligating us to purchase minimum quantities of raw materials used in our production and distribution processes, including conventional raw milk, diesel fuel, sugar and other ingredients that are inputs into our finished products. We enter into these contracts from time to time to ensure a sufficient supply of raw ingredients. In addition, we have contractual obligations to purchase various services that are part of our production process.

Litigation, Investigations and Audits

Tennessee Retailer and Indirect Purchaser Actions

A putative class action antitrust complaint (the “retailer action”) was filed on August 9, 2007 in the United States District Court for the Eastern District of Tennessee. Plaintiffs allege generally that we, either acting alone or in conjunction with others in the milk industry who are also defendants in the retailer action, lessened competition in the Southeastern United States for the sale of processed fluid Grade A milk to retail outlets and other customers, and that the defendants’ conduct also artificially inflated wholesale prices for direct milk purchasers. Defendants’ motion for summary judgment in the retailer action was granted in part and denied in part in August 2010. Defendants filed a motion for reconsideration, and renewed their request for summary judgment in September 2010. In March 2012, the Court granted summary judgment in favor of defendants as to all remaining counts and entered judgment in favor of all defendants, including the Company. Plaintiffs appealed the court’s decision in April 2012. Briefing on the appeal was completed in April 2013, and oral argument occurred in July 2013. In January 2014, the appeals court reversed the judgment for the defendants, including the Company, on one of the original five counts in the Tennessee retailer action. In February 2014, the Company requested that the Sixth Circuit Court of Appeals consider its decision en banc; the Sixth Circuit declined to do so. The Sixth Circuit returned the case to the trial court for further proceedings. The Company filed a petition to the U.S. Supreme Court for review of the case on August 1, 2014. The parties have agreed to defer further proceedings in the trial court until there is a determination by the Supreme Court whether to review the decision of the Court of Appeals.

On June 29, 2009, another putative class action lawsuit was filed in the Eastern District of Tennessee, Greeneville Division, on behalf of indirect purchasers of processed fluid Grade A milk (the “indirect purchaser action”). The allegations in this complaint are similar to those in the retailer action, but primarily involve state law claims. Because the allegations in the indirect purchaser action substantially overlap with the allegations in the retailer action, the Court granted the parties’ joint motion to stay all proceedings in the indirect purchaser action pending the outcome of the summary judgment motions in the retailer action. On August 16, 2012, the indirect purchaser plaintiffs voluntarily dismissed their lawsuit. On January 17, 2013, these same plaintiffs filed a new lawsuit in the Eastern District of Tennessee, Greeneville Division, on behalf of a putative class of indirect purchasers of processed fluid Grade A milk (the “2013 indirect purchaser action”). The allegations are similar to those in the voluntarily dismissed indirect purchaser action, but involve only claims arising under Tennessee law. The Company filed a motion to dismiss on April 30, 2013. On June 14, 2013, the indirect purchaser plaintiffs responded to the Company’s motion to dismiss and filed an amended complaint. On July 1, 2013, the Company filed a motion to dismiss the amended complaint. Briefing on the motion to dismiss was completed on August 15, 2013. On September 11, 2014, the Court granted in part and denied in part the motion to dismiss. The Court granted the motion to dismiss the non-Tennessee plaintiffs’ claims. The Company filed its answer to the surviving claims on October 15, 2014.

At this time, it is not possible for us to predict the ultimate outcome of these matters.

In addition to the pending legal proceedings set forth above, we are party from time to time to certain claims, litigations, audits and investigations. Potential liabilities associated with these other matters are not expected to have a material adverse impact on our financial position, results of operations or cash flows.

Other

We have settled with substantially all states in regards to our obligations under state unclaimed property laws, the results of which did not have a material adverse impact on our financial position, results of operations or cash flows.