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Employee Retirement and Profit Sharing Plans (Tables)
 12 Months Ended
Dec. 31, 2015
Compensation and Retirement Disclosure [Abstract]  
Retirement and Profit Sharing Plan Expenses
During 2015, 2014 and 2013, our retirement and profit sharing plan expenses were as follows:
 
Year Ended December 31
 
2015
 
2014
 
2013
 
(In thousands)
Defined benefit plans
$
6,594

 
$
4,729

 
$
10,400

Defined contribution plans
16,498

 
16,503

 
17,619

Multiemployer pension and certain union plans
29,930

 
28,933

 
29,148

Total
$
53,022

 
$
50,165

 
$
57,167
Funded Status of Plans
The reconciliation of the beginning and ending balances of the projected benefit obligation and the fair value of plan assets for the years ended December 31, 2015 and 2014, and the funded status of the plans at December 31, 2015 and 2014 is as follows:
 
December 31
 
2015
 
2014
 
(In thousands)
Change in benefit obligation:
 
 
 
Benefit obligation at beginning of year
$
345,766

 
$
293,850

Service cost
3,631

 
3,081

Interest cost
13,736

 
13,979

Plan participants’ contributions
10

 
13

Plan amendments
72

 
(411
)
Actuarial (gain) loss
(10,351
)
 
57,716

Benefits paid
(18,889
)
 
(22,462
)
Benefit obligation at end of year
333,975

 
345,766

Change in plan assets:
 
 
 
Fair value of plan assets at beginning of year
289,526

 
270,123

Actual return on plan assets
(6,716
)
 
28,980

Employer contributions
18,822

 
14,338

Plan participants’ contributions
10

 
13

Benefits paid
(18,889
)
 
(22,462
)
Plan settlements
—

 
(1,466
)
Fair value of plan assets at end of year
282,753

 
289,526

Funded status at end of year
$
(51,222
)
 
$
(56,240
)
The following table sets forth the funded status of these plans:
 
December 31
 
2015
 
2014
 
(In thousands)
Change in benefit obligation:
 
 
 
Benefit obligation at beginning of year
$
39,126

 
$
37,230

Service cost
821

 
824

Interest cost
1,455

 
1,663

Employee contributions
389

 
380

Actuarial (gain) loss
(8,048
)
 
895

Benefits paid
(1,611
)
 
(1,866
)
Benefit obligation at end of year
32,132

 
39,126

Fair value of plan assets at end of year
—

 
—

Funded status
$
(32,132
)
 
$
(39,126
)
Summary of Assumptions Used to Determine Benefit Obligations
A summary of our key actuarial assumptions used to determine benefit obligations as of December 31, 2015 and 2014 follows:
 
December 31
 
2015
 
2014
Weighted average discount rate
4.52
%
 
4.08
%
Rate of compensation increase
4.00
%
 
4.00
%
Summary of Assumptions Used to Determine Net Periodic Benefit Cost
A summary of our key actuarial assumptions used to determine net periodic benefit cost for 2015, 2014 and 2013 follows:
 
Year Ended December 31
 
2015
 
2014
 
2013
Weighted average discount rate
4.08
%
 
4.90
%
 
3.70
%
Expected return on plan assets
7.00
%
 
7.00
%
 
7.50
%
Rate of compensation increase
4.00
%
 
4.00
%
 
4.00
%
Net Periodic Benefit Cost
 
Year Ended December 31
 
2015
 
2014
 
2013
 
(In thousands)
Components of net periodic benefit cost:
 
 
 
 
 
Service cost
$
3,631

 
$
3,081

 
$
3,692

Interest cost
13,736

 
13,979

 
12,496

Expected return on plan assets
(20,026
)
 
(18,761
)
 
(18,531
)
Amortizations:
 
 
 
 
 
Prior service cost
856

 
787

 
791

Unrecognized net loss
8,544

 
5,105

 
11,759

Effect of settlement
—

 
538

 
(136
)
Other
(147
)
 
—

 
329

Net periodic benefit cost
$
6,594

 
$
4,729

 
$
10,400

 
Year Ended December 31
 
2015
 
2014
 
2013
 
(In thousands)
Components of net periodic benefit cost:
 
 
 
 
 
Service and interest cost
$
2,276

 
$
2,487

 
$
2,039

Amortizations:
 
 
 
 
 
Prior service cost
92

 
65

 
26

Unrecognized net loss
63

 
75

 
298

Other
—

 
98

 
2,286

Net periodic benefit cost
$
2,431

 
$
2,725

 
$
4,649
Pension Plans With an Accumulated Benefit Obligation in Excess of Plan Assets
Pension plans with an accumulated benefit obligation in excess of plan assets follows:
 
December 31
 
2015
 
2014
 
(In millions)
Projected benefit obligation
$
334.0

 
$
345.8

Accumulated benefit obligation
331.3

 
341.3

Fair value of plan assets
282.8

 
289.5
Estimated Pension Plan Benefit Payments to Participants for Next Ten Years
Estimated pension plan benefit payments to participants for the next ten years are as follows:
2016
$
19.5
 million
2017
19.9
 million
2018
20.1
 million
2019
20.2
 million
2020
20.4
 million
Next five years
108.2
 million
Estimated postretirement health care plan benefit payments for the next ten years are as follows:
2016
$
2.4
 million
2017
2.3
 million
2018
2.3
 million
2019
2.4
 million
2020
2.5
 million
Next five years
12.7
 million
Fair Values by Category of Inputs
The fair values by category of inputs as of December 31, 2015 were as follows (in thousands):
 
Fair Value as of
December 31, 2015
 
Level 1
 
Level 2
 
Level 3
Equity Securities:
 
 
 
 
 
 
 
Common Stock
$
241

 
$
241

 
$
—

 
$
—

Index Funds:
 
 
 
 
 
 
 
U.S. Equities(a)
105,874

 
—

 
105,874

 
—

International Equities
—

 
—

 
—

 
—

Equity Funds(b)
6,204

 
—

 
6,204

 
—

Total Equity Securities
112,319

 
241

 
112,078

 
—

Fixed Income:
 
 
 
 
 
 
 
Bond Funds(c)
160,419

 
—

 
160,419

 
—

Diversified Funds(d)
3,929

 
—

 
—

 
3,929

Total Fixed Income
164,348

 
—

 
160,419

 
3,929

Cash Equivalents:
 
 
 
 
 
 
 
Short-term Investment Funds(e)
1,975

 
—

 
1,975

 
—

Total Cash Equivalents
1,975

 
—

 
1,975

 
—

Other Investments:
 
 
 
 
 
 
 
Partnerships/Joint Ventures(f)
273

 
—

 
—

 
273

Total Other Investments
273

 
—

 
—

 
273

Total
$
278,915

 
$
241

 
$
274,472

 
$
4,202

(a)
Represents a pooled/separate account that tracks the Dow Jones U.S. Total Stock Market Index.
(b)
Represents a pooled/separate account comprised of approximately 90% U.S. large-cap stocks and 10% in international stocks.
(c)
Represents investments primarily in U.S. dollar-denominated, investment grade bonds, including government securities, corporate bonds, and mortgage- and asset-backed securities.
(d)
Represents a pooled/separate account investment in the General Investment Account of an investment manager. The account primarily invests in fixed income debt securities, such as high grade corporate bonds, government bonds and asset-backed securities.
(e)
Investment is comprised of high grade money market instruments with short-term maturities and high liquidity.
(f)
The majority of the total partnership balance is a partnership comprised of a portfolio of two limited partnership funds that invest in public and private equity.
The fair values by category of inputs as of December 31, 2014 were as follows (in thousands):
 
Fair Value as of
December 31, 2014
 
Level 1
 
Level 2
 
Level 3
Equity Securities:
 
 
 
 
 
 
 
Common Stock
$
210

 
$
210

 
$
—

 
$
—

Index Funds:
 
 
 
 
 
 
 
U.S. Equities(a)
135,726

 
—

 
135,726

 
—

International Equities
—

 
—

 
—

 
—

Equity Funds(b)
8,101

 
—

 
8,101

 
—

Total Equity Securities
144,037

 
210

 
143,827

 
—

Fixed Income:
 
 
 
 
 
 
 
Bond Funds(c)
140,714

 
—

 
140,714

 
—

Diversified Funds(d)
2,921

 
—

 
—

 
2,921

Total Fixed Income
143,635

 
—

 
140,714

 
2,921

Cash Equivalents:
 
 
 
 
 
 
 
Short-term Investment Funds(e)
2,507

 
—

 
2,507

 
—

Total Cash Equivalents
2,507

 
—

 
2,507

 
—

Other Investments:
 
 
 
 
 
 
 
Partnerships/Joint Ventures(f)
567

 
—

 
—

 
567

Total Other Investments
567

 
—

 
—

 
567

Total
$
290,746

 
$
210

 
$
287,048

 
$
3,488

(a)
Represents a pooled/separate account that tracks the Dow Jones U.S. Total Stock Market Index.
(b)
Represents a pooled/separate account comprised of approximately 90% U.S. large-cap stocks and 10% in international stocks.
(c)
Represents investments primarily in U.S. dollar-denominated, investment grade bonds, including government securities, corporate bonds, and mortgage- and asset-backed securities.
(d)
Represents a pooled/separate account investment in the General Investment Account of an investment manager. The account primarily invests in fixed income debt securities, such as high grade corporate bonds, government bonds and asset-backed securities.
(e)
Investment is comprised of high grade money market instruments with short-term maturities and high liquidity.
(f)
The majority of the total partnership balance is a partnership comprised of a portfolio of two limited partnership funds that invest in public and private equity.
Reconciliation of Change in Fair Value Measurement of Defined Benefit Plans
A reconciliation of the change in the fair value measurement of the defined benefit plans’ consolidated assets using significant unobservable inputs (Level 3) during the years ended December 31, 2015 and 2014 is as follows (in thousands):
 
Diversified
Funds
 
Partnerships/
Joint Ventures
 
Total
Balance at December 31, 2013
$
3,093

 
$
864

 
$
3,957

Actual return on plan assets:
 
 
 
 
 
Relating to instruments still held at reporting date
117

 
(158
)
 
(41
)
Purchases, sales and settlements (net)
(1,836
)
 
—

 
(1,836
)
Transfers in and/or out of Level 3
1,547

 
(139
)
 
1,408

Balance at December 31, 2014
$
2,921

 
$
567

 
$
3,488

Actual return on plan assets:
 
 
 
 
 
Relating to instruments still held at reporting date
131

 
(182
)
 
(51
)
Purchases, sales and settlements (net)
(823
)
 
—

 
(823
)
Transfers in and/or out of Level 3
1,700

 
(112
)
 
1,588

Balance at December 31, 2015
$
3,929

 
$
273

 
$
4,202
Schedule of Information Regarding Participation in Multiemployer Pension Plans
The last column in the table lists the expiration date(s) of the collective-bargaining agreement(s) to which the plans are subject.
Pension Fund
Employer
Identification
Number
 
Pension
Plan
Number
 
PPA Zone Status
 
FIP /
RP Status
Pending/
Implemented
 
Extended
Amortization
Provisions
 
Expiration
Date of
Associated
Collective-
Bargaining
Agreement(s)
2015
 
2014
 
Western Conference of Teamsters Pension Plan(1)
91-6145047
 
001
 
Green
 
Green
 
N/A
 
No
 
March 31, 2016 - September 30, 2019
Central States, Southeast and Southwest Areas Pension Plan(2)
36-6044243
 
001
 
Red
 
Red
 
Implemented
 
No
 
April 3, 2016 - September 15, 2018
Retail, Wholesale & Department Store International Union and Industry Pension Fund(3)
63-0708442
 
001
 
Green
 
Green
 
N/A
 
Yes
 
July 31, 2016 - June 7, 2018
Dairy Industry – Union Pension Plan for Philadelphia Vicinity(4)
23-6283288
 
001
 
Green
 
Green
 
N/A
 
Yes
 
June 30, 2017 -
September 30, 2018
(1)
We are party to approximately nine collective bargaining agreements that require contributions to this plan. These agreements cover a large number of employee participants and expire on various dates between 2016 and 2019. We do not believe that any one agreement is substantially more significant than another as none of these agreements individually represent greater than 25% of the total employee participants covered under this plan.
(2)
There are approximately 22 collective bargaining agreements that govern our participation in this plan. The agreements expire on various dates between 2016 and 2018. Approximately 67%, 16% and 17% of our employee participants in this plan are covered by the agreements expiring in 2016, 2017 and 2018, respectively.
(3)
We are subject to approximately seven collective bargaining agreements with respect to this plan. Approximately 6%, 58% and 36% of our employee participants in this plan are covered by the agreements expiring in 2016, 2017 and 2018, respectively.
(4)
We are party to five collective bargaining agreements with respect to this plan. The agreement expiring in September 2017 is the most significant as 59% of our employee participants in this plan are covered by that agreement.
Schedule of Information Regarding Contribution in Multiemployer Pension Plans
Information regarding our contributions to our multiemployer pension plans is shown in the table below. There are no changes that materially affected the comparability of our contributions to each of these plans during the years ended December 31, 2015, 2014 and 2013.
Pension Fund
Employer
Identification
Number
 
Pension
Plan
Number
 
Dean Foods Company Contributions
(in millions)
2015
 
2014
 
2013
 
Surcharge
Imposed(3)
Western Conference of Teamsters Pension Plan
91-6145047
 
001
 
$
12.8

 
$
12.9

 
$
13.5

 
No
Central States, Southeast and Southwest Areas Pension Plan
36-6044243
 
001
 
9.3

 
11.9

 
11.1

 
No
Retail, Wholesale & Department Store International Union and Industry Pension Fund(1)
63-0708442
 
001
 
1.3

 
1.3

 
1.3

 
No
Dairy Industry – Union Pension Plan for Philadelphia Vicinity(1)
23-6283288
 
001
 
2.1

 
2.0

 
1.8

 
No
Other Funds(2)
 
 
 
 
4.4

 
0.8

 
1.4

 
 
Total Contributions
 
 
 
 
$
29.9

 
$
28.9

 
$
29.1

 
 
(1)
During the 2014 and 2013 plan years, our contributions to these plans exceeded 5% of total plan contributions. At the date of filing of this Annual Report on Form 10-K, Forms 5500 were not available for the plan years ending in 2015.
(2)
Amounts shown represent our contributions to all other multiemployer pension and other postretirement benefit plans, which are immaterial both individually and in the aggregate to our Consolidated Financial Statements.
(3)
Federal law requires that contributing employers to a plan in Critical status pay to the plan a surcharge to help correct the plan’s financial situation. The amount of the surcharge is equal to a percentage of the amount we would otherwise be required to contribute to the plan and ceases once our related collective bargaining agreements are amended to comply with the provisions of the rehabilitation plan.