Derivative Financial Instruments and Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivatives Recorded at Fair Value in Unaudited Condensed Consolidated Balance Sheets

As of December 31, 2019 and 2018, our derivatives recorded at fair value in our Consolidated Balance Sheets were:

	Derivative Assets				Derivative Liabilities
	December 31, 2019		December 31, 2018		December 31, 2019		December 31, 2018
	(In thousands)
Commodities contracts — current(1)	$	576	$	11	$	1,364	$	4,328
Commodities contracts — non-current(2)	—		—		—		—
Total derivatives	$	576	$	11	$	1,364	$	4,328

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

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

Schedule 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 December 31, 2019 is as follows (in thousands):

	Fair Value as of December 31, 2019		Level 1		Level 2		Level 3
Assets — Commodities contracts	$	576	$	—	$	576	$	—
Liabilities — Commodities contracts	1,364		—		1,364		—

A summary of our derivative assets and liabilities measured at fair value on a recurring basis as of December 31, 2018 is as follows (in thousands):

	Fair Value as of December 31, 2018		Level 1		Level 2		Level 3
Assets — Commodities contracts	$	11	$	—	$	11	$	—
Liabilities — Commodities contracts	4,328		—		4,328		—

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

The following table presents the outstanding principal amounts and fair value of the 2023 Notes at December 31:

	2019				2018
	Amount Outstanding		Fair Value		Amount Outstanding		Fair Value
	(In thousands)
Dean Foods Company senior notes due 2023	$	700,000	$	101,780	$	700,000	$	560,000

Schedule 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 December 31, 2019 (in thousands):

	Total	Level 1	Level 2	Level 3
Mutual funds	1,943	—	1,943	—

The following table presents a summary of the SERP assets measured at fair value on a recurring basis as of December 31, 2018 (in thousands):

	Total		Level 1		Level 2		Level 3
Money market	$	6	$	—	$	6	$	—
Mutual funds	1,693		—		1,693		—