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DOCUMENT AND ENTITY INFORMATION - USD ($)	12 Months Ended
DOCUMENT AND ENTITY INFORMATION - USD ($)	Dec. 31, 2016	Feb. 10, 2017	Jul. 01, 2016
Document Information [Line Items]
Entity registrant name	HERSHEY CO
Entity central index key	0000047111
Current fiscal year end date	--12-31
Entity filer category	Large Accelerated Filer
Document type	10-K
Document period end date	Dec. 31, 2016
Document fiscal year focus	2016
Document fiscal period focus	FY
Amendment flag	false
Entity well-known seasoned issuer	Yes
Entity voluntary filers	No
Entity current reporting status	Yes
Entity public float			$ 15,563,409,682
Common stock
Document Information [Line Items]
Entity common stock, shares outstanding (shares)		151,794,895
Class B common stock
Document Information [Line Items]
Entity common stock, shares outstanding (shares)		60,619,777

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	12 Months Ended
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Net sales	$ 7,440,181	$ 7,386,626	$ 7,421,768
Cost of sales	4,282,290	4,003,951	4,085,602
Gross profit	3,157,891	3,382,675	3,336,166
Selling, marketing and administrative expense	1,915,378	1,969,308	1,898,284
Goodwill and other intangible asset impairment charges	4,204	280,802	15,900
Business realignment costs	32,526	94,806	29,721
Operating profit	1,205,783	1,037,759	1,392,261
Interest expense, net	90,143	105,773	83,532
Other (income) expense, net	16,159	30,139	2,686
Income before income taxes	1,099,481	901,847	1,306,043
Provision for income taxes	379,437	388,896	459,131
Net income	$ 720,044	$ 512,951	$ 846,912
Common stock
Net income per share—basic:
Net income per share - basic (USD per share)	$ 3.45	$ 2.40	$ 3.91
Net income per share—diluted:
Net income per share - diluted (USD per share)	3.34	2.32	3.77
Dividends paid per share:
Dividends paid per share (USD per share)	2.402	2.236	2.04
Class B common stock
Net income per share—basic:
Net income per share - basic (USD per share)	3.15	2.19	3.54
Net income per share—diluted:
Net income per share - diluted (USD per share)	3.14	2.19	3.52
Dividends paid per share:
Dividends paid per share (USD per share)	$ 2.184	$ 2.032	$ 1.842

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Statement of Comprehensive Income [Abstract]
Net income	$ 720,044	$ 512,951	$ 846,912
Other comprehensive (loss) income, net of tax:
Foreign currency translation adjustments, pre-tax amount	(13,041)	(59,707)	(26,851)
Foreign currency translation adjustments, tax (expense) benefit	0	0	0
Foreign currency translation adjustments, after-tax amount	(13,041)	(59,707)	(26,851)
Pension and post-retirement benefit plans:
Net actuarial gain (loss) and prior service cost, pre-tax amount	20,304	(5,559)	(158,613)
Net actuarial gain (loss) and prior service cost, tax (expense) benefit	(7,776)	2,002	59,004
Net actuarial gain (loss) and prior service cost, after-tax amount	12,528	(3,557)	(99,609)
Reclassification to earnings, pre-tax amount	56,604	52,469	23,252
Reclassification to earnings, tax (expense) benefit	(21,653)	(18,910)	(8,659)
Reclassification to earnings, after-tax amount	34,951	33,559	14,593
Cash flow hedges:
Gains (losses) on cash flow hedging derivatives, pre-tax amount	(52,708)	61,839	(61,358)
Gains (losses) on cash flow hedging derivatives, tax (expense) benefit	18,701	(23,520)	24,281
Gains (losses) on cash flow hedging derivatives, after-tax amount	(34,007)	38,319	(37,077)
Reclassification to earnings, pre-tax amount	(16,482)	(36,634)	(67,403)
Reclassification to earnings, tax (expense) benefit	7,524	13,416	24,341
Reclassification to earnings, after-tax amount	(8,958)	(23,218)	(43,062)
Total other comprehensive (loss) income, pre-tax amount	(5,323)	12,408	(290,973)
Total other comprehensive (loss) income, tax (expense) benefit	(3,204)	(27,012)	98,967
Total other comprehensive (loss) income, after-tax amount	(8,527)	(14,604)	(192,006)
Total comprehensive income	711,517	498,347	654,906
Comprehensive loss attributable to noncontrolling interests	3,664	2,152	0
Comprehensive income attributable to The Hershey Company	$ 715,181	$ 500,499	$ 654,906

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 296,967	$ 346,529
Accounts receivable—trade, net	581,381	599,073
Inventories	745,678	750,970
Prepaid expenses and other	192,752	152,026
Total current assets	1,816,778	1,848,598
Property, plant and equipment, net	2,177,248	2,240,460
Goodwill	812,344	684,252
Other intangibles	492,737	379,305
Other assets	168,365	155,366
Deferred income taxes	56,861	36,390
Total assets	5,524,333	5,344,371
Current liabilities:
Accounts payable	522,536	474,266
Accrued liabilities	750,986	856,967
Accrued income taxes	3,207	23,243
Short-term debt	632,471	363,513
Current portion of long-term debt	243	499,923
Total current liabilities	1,909,443	2,217,912
Long-term debt	2,347,455	1,557,091
Other long-term liabilities	400,161	468,718
Deferred income taxes	39,587	53,188
Total liabilities	4,696,646	4,296,909
Stockholders’ equity:
Preferred stock, shares issued: none in 2016 and 2015	0	0
Additional paid-in capital	869,857	783,877
Retained earnings	6,115,961	5,897,603
Treasury—common stock shares, at cost: 147,642,009 in 2016 and 143,124,384 in 2015	(6,183,975)	(5,672,359)
Accumulated other comprehensive loss	(375,888)	(371,025)
Total—The Hershey Company stockholders’ equity	785,856	997,997
Noncontrolling interests in subsidiaries	41,831	49,465
Total stockholders’ equity	827,687	1,047,462
Total liabilities and stockholders’ equity	5,524,333	5,344,371
Common stock
Stockholders’ equity:
Common stock	299,281	299,281
Class B common stock
Stockholders’ equity:
Common stock	$ 60,620	$ 60,620

CONSOLIDATED BALANCE SHEETS (Parenthetical) - shares	Dec. 31, 2016	Dec. 31, 2015
Preferred stock, shares issued (shares)	0	0
Common stock, shares issued (shares)	359,901,744	359,901,744
Treasury stock, shares (shares)	147,642,009	143,124,384
Common stock
Common stock, shares issued (shares)	299,281,967	299,281,967
Class B common stock
Common stock, shares issued (shares)	60,619,777	60,619,777

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Operating Activities
Net income	$ 720,044	$ 512,951	$ 846,912
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	301,837	244,928	211,532
Stock-based compensation expense	54,785	51,533	54,068
Excess tax benefits from stock-based compensation	(22,062)	(24,839)	(53,497)
Deferred income taxes	(38,097)	(38,537)	18,796
Goodwill and other intangible asset impairment charges	4,204	280,802	15,900
Loss on early extinguishment of debt	0	28,326	0
Write-down of equity investments	43,482	39,489	0
Settlement of SGM liability (see Note 2)	(26,650)	0	0
Other	51,375	28,467	(11,027)
Changes in assets and liabilities, net of business acquisitions and divestitures:
Accounts receivable—trade, net	21,096	(24,440)	(67,464)
Inventories	13,965	52,049	(88,497)
Prepaid expenses and other current assets	(42,955)	118,007	(7,245)
Accounts payable and accrued liabilities	(72,295)	29,406	(59,102)
Contributions to pension and other benefits plans	(41,697)	(53,273)	(53,110)
Other assets and liabilities	16,443	(30,413)	37,111
Net cash provided by operating activities	983,475	1,214,456	844,377
Investing Activities
Capital additions (including software)	(269,476)	(356,810)	(370,789)
Proceeds from sales of property, plant and equipment	3,651	1,205	1,612
Proceeds from sale of business	0	32,408	0
Equity investments in tax credit qualifying partnerships	(44,255)	(30,720)	0
Business acquisitions, net of cash and cash equivalents acquired	(285,374)	(218,654)	(396,265)
Sale (purchase) of short-term investments	0	95,316	(97,131)
Net cash used in investing activities	(595,454)	(477,255)	(862,573)
Financing Activities
Net increase in short-term debt	275,607	10,720	117,515
Long-term borrowings	792,953	599,031	3,051
Repayment of long-term debt	(500,000)	(355,446)	(1,442)
Payment of SGM liability (see Note 2)	(35,762)	0	0
Cash dividends paid	(499,475)	(476,132)	(440,414)
Repurchase of common stock	(592,550)	(582,623)	(576,755)
Exercise of stock options	102,722	72,719	122,306
Excess tax benefits from stock-based compensation	22,062	24,839	53,497
Other	0	(48,270)	2,940
Net cash used in financing activities	(434,443)	(755,162)	(719,302)
Effect of exchange rate changes on cash and cash equivalents	(3,140)	(10,364)	(6,156)
Decrease in cash and cash equivalents	(49,562)	(28,325)	(743,654)
Cash and cash equivalents, beginning of period	346,529	374,854	1,118,508
Cash and cash equivalents, end of period	296,967	346,529	374,854
Supplemental Disclosure
Interest paid (excluding loss on early extinguishment of debt in 2015)	90,951	88,448	87,801
Income taxes paid	$ 425,539	$ 368,926	$ 384,318

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common stock	Class B common stock	Preferred Stock	Common Stock Common stock	Common Stock Class B common stock	Additional Paid-in Capital	Retained Earnings	Retained Earnings Common stock	Retained Earnings Class B common stock	Treasury Common Stock	Accumulated Other Comprehensive Income (Loss)	Noncontrolling Interests in Subsidiaries
Beginning balance, stockholders' equity at Dec. 31, 2013	$ 1,616,052			$ 0	$ 299,281	$ 60,620	$ 664,944	$ 5,454,286			$ (4,707,730)	$ (166,567)	$ 11,218
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	846,912							846,912
Other comprehensive income (loss)	(192,006)											(192,006)
Dividends:
Common Stock		$ (328,752)	$ (111,662)						$ (328,752)	$ (111,662)
Conversion of Class B Common Stock into Common Stock	0				0	0
Stock-based compensation	52,870						52,870
Exercise of stock options and incentive-based transactions	159,621						36,372				123,249
Repurchase of common stock	(576,755)										(576,755)
Acquisition of Lotte Shanghai Foods Co., Ltd.	49,724												49,724
Earnings of and contributions from noncontrolling interests, net	3,526												3,526
Ending balance, stockholders' equity at Dec. 31, 2014	1,519,530			0	299,281	60,620	754,186	5,860,784			(5,161,236)	(358,573)	64,468
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	512,951							512,951
Other comprehensive income (loss)	(14,604)											(12,452)	(2,152)
Dividends:
Common Stock		(352,953)	(123,179)						(352,953)	(123,179)
Stock-based compensation	50,722						50,722
Exercise of stock options and incentive-based transactions	79,704						8,204				71,500
Repurchase of common stock	(582,623)										(582,623)
Impact of reclassification to and purchase of redeemable noncontrolling interest	(42,663)						(29,235)						(13,428)
Earnings of and contributions from noncontrolling interests, net	577												577
Ending balance, stockholders' equity at Dec. 31, 2015	1,047,462			0	299,281	60,620	783,877	5,897,603			(5,672,359)	(371,025)	49,465
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	720,044							720,044
Other comprehensive income (loss)	(8,527)											(4,863)	(3,664)
Dividends:
Common Stock		$ (369,292)	$ (132,394)						$ (369,292)	$ (132,394)
Stock-based compensation	54,429						54,429
Exercise of stock options and incentive-based transactions	112,485						31,551				80,934
Repurchase of common stock	(592,550)										(592,550)
Earnings of and contributions from noncontrolling interests, net	(3,970)												(3,970)
Ending balance, stockholders' equity at Dec. 31, 2016	$ 827,687			$ 0	$ 299,281	$ 60,620	$ 869,857	$ 6,115,961			$ (6,183,975)	$ (375,888)	$ 41,831

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Oct. 02, 2016	Jul. 03, 2016	Apr. 03, 2016	Dec. 31, 2015	Oct. 04, 2015	Jul. 05, 2015	Apr. 05, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Common stock
Dividends paid per share (USD per share)	$ 0.618	$ 0.618	$ 0.583	$ 0.583	$ 0.583	$ 0.583	$ 0.535	$ 0.535	$ 2.402	$ 2.236	$ 2.04
Class B common stock
Dividends paid per share (USD per share)	$ 0.562	$ 0.562	$ 0.530	$ 0.530	$ 0.53	$ 0.53	$ 0.486	$ 0.486	$ 2.184	$ 2.032	$ 1.842

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

12 Months Ended

Dec. 31, 2016

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Description of Business

The Hershey Company together with its wholly-owned subsidiaries and entities in which it has a controlling interest,(the “Company,” “Hershey,” “we” or “us”) is a global confectionery leader known for its branded portfolio of chocolate, sweets, mints and other great-tasting snacks. The Company has more than 80 brands worldwide including such iconic brand names as Hershey’s, Reese’s, Kisses, Jolly Rancher and Ice Breakers, which are marketed, sold and distributed in approximately 70 countries worldwide. Hershey is focused on growing its presence in key international markets while continuing to build its competitive advantage in North America. The Company currently operates through two reportable segments that are aligned with its management structure and the key markets it serves: North America and International and Other. For additional information on our segment presentation, see Note 11.

Basis of Presentation

Our consolidated financial statements include the accounts of The Hershey Company and its majority-owned or controlled subsidiaries. Intercompany transactions and balances have been eliminated. We have a controlling financial interest if we own a majority of the outstanding voting common stock and minority shareholders do not have substantive participating rights, we have significant control through contractual or economic interests in which we are the primary beneficiary or we have the power to direct the activities that most significantly impact the entity's economic performance. Net income (loss) attributable to noncontrolling interests is not significant and is recorded within selling, marketing and administrative expense in the Consolidated Statements of Income. See Note 12 for additional information on our noncontrolling interests. We use the equity method of accounting when we have a 20% to 50% interest in other companies and exercise significant influence. In addition, we use the equity method of accounting for our investments in partnership entities which make equity investments in projects eligible to receive federal historic and energy tax credits. See Note 8 for additional information on our equity investments in partnership entities qualifying for tax credits.

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying disclosures. Our significant estimates and assumptions include, among others, pension and other post-retirement benefit plan assumptions, valuation assumptions of goodwill and other intangible assets, useful lives of long-lived assets, marketing and trade promotion accruals and income taxes. These estimates and assumptions are based on management’s best judgment. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors, including the current economic environment, and the effects of any revisions are reflected in the consolidated financial statements in the period that they are determined. As future events and their effects cannot be determined with precision, actual results could differ significantly from these estimates.

Revenue Recognition

We record sales when all of the following criteria have been met:



l	A valid customer order with a fixed price has been received;
l	The product has been delivered to the customer;
l	There is no further significant obligation to assist in the resale of the product; and
l	Collectability is reasonably assured.

Net sales include revenue from the sale of finished goods and royalty income, net of allowances for trade promotions, consumer coupon programs and other sales incentives, and allowances and discounts associated with aged or potentially unsaleable products. Trade promotions and sales incentives primarily include reduced price features, merchandising displays, sales growth incentives, new item allowances and cooperative advertising. Sales, use, value-added and other excise taxes are not recognized in revenue.

In 2016, 2015 and 2014, approximately 25%, 26% and 25%, respectively, of our consolidated net sales were made to McLane Company, Inc., one of the largest wholesale distributors in the United States to convenience stores, drug stores, wholesale clubs and mass merchandisers and the primary distributor of our products to Wal-Mart Stores, Inc.

Cost of Sales

Cost of sales represents costs directly related to the manufacture and distribution of our products. Primary costs include raw materials, packaging, direct labor, overhead, shipping and handling, warehousing and the depreciation of manufacturing, warehousing and distribution facilities. Manufacturing overhead and related expenses include salaries, wages, employee benefits, utilities, maintenance and property taxes.

Selling, Marketing and Administrative Expense

Selling, marketing and administrative expense (“SM&A”) represents costs incurred in generating revenues and in managing our business. Such costs include advertising and other marketing expenses, selling expenses, research and development, administrative and other indirect overhead costs, amortization of capitalized software and depreciation of administrative facilities. Research and development costs, charged to expense as incurred, totaled $47,268 in 2016, $49,281 in 2015 and $47,554 in 2014. Advertising expense is also charged to expense as incurred and totaled $521,479 in 2016, $561,644 in 2015 and $570,223 in 2014. Prepaid advertising expense was $651 and $3,924 as of December 31, 2016 and 2015, respectively.

Cash Equivalents

Cash equivalents consist of highly liquid debt instruments, time deposits and money market funds with original maturities of three months or less. The fair value of cash and cash equivalents approximates the carrying amount.

Short-term Investments

Short-term investments consist of bank term deposits that have original maturity dates ranging from greater than three months to twelve months. Short-term investments are carried at cost, which approximates fair value.

Accounts Receivable—Trade

In the normal course of business, we extend credit to customers that satisfy pre-defined credit criteria, based upon the results of our recurring financial account reviews and our evaluation of current and projected economic conditions. Our primary concentrations of credit risk are associated with Wal-Mart Stores, Inc. and McLane Company, Inc., two customers served principally by our North America segment. As of December 31, 2016, McLane Company, Inc. accounted for approximately 19% of our total accounts receivable. Wal-Mart Stores, Inc. accounted for approximately 14% of our total accounts receivable as of December 31, 2016. No other customer accounted for more than 10% of our year-end accounts receivable. We believe that we have little concentration of credit risk associated with the remainder of our customer base. Accounts receivable-trade in the Consolidated Balance Sheets is presented net of allowances and anticipated discounts of $40,153 and $32,638 at December 31, 2016 and 2015, respectively.

Inventories

Inventories are valued at the lower of cost or market value, adjusted for the value of inventory that is estimated to be excess, obsolete or otherwise unsaleable. As of December 31, 2016, approximately 54% of our inventories, representing the majority of our U.S. inventories, were valued under the last-in, first-out (“LIFO”) method. The remainder of our inventories in the U.S. and inventories for our international businesses are valued at the lower of first-in, first-out (“FIFO”) cost or market. LIFO cost of inventories valued using the LIFO method was $402,919 as of December 31, 2016 and $410,865 as of December 31, 2015. The adjustment to LIFO, as shown in Note 16, approximates the excess of replacement cost over the stated LIFO inventory value. The net impact of LIFO acquisitions and liquidations was not material to 2016, 2015 or 2014.

Property, Plant and Equipment

Property, plant and equipment are stated at cost and depreciated on a straight-line basis over the estimated useful lives of the assets, as follows: 3 to 15 years for machinery and equipment; and 25 to 40 years for buildings and related improvements. Total depreciation expense for the years ended December 31, 2016, 2015 and 2014 was $231,735, $197,054 and $176,312, respectively. Maintenance and repairs are expensed as incurred. We capitalize applicable interest charges incurred during the construction of new facilities and production lines and amortize these costs over the assets’ estimated useful lives.

We review long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. We measure the recoverability of assets to be held and used by a comparison of the carrying amount of long-lived assets to future undiscounted net cash flows expected to be generated. If these assets are considered to be impaired, we measure impairment as the amount by which the carrying amount of the assets exceeds the fair value of the assets. We report assets held for sale or disposal at the lower of the carrying amount or fair value less cost to sell.

We assess asset retirement obligations on a periodic basis and recognize the fair value of a liability for an asset retirement obligation in the period in which it is incurred if a reasonable estimate of fair value can be made. We capitalize associated asset retirement costs as part of the carrying amount of the long-lived asset.

Computer Software

We capitalize costs associated with software developed or obtained for internal use when both the preliminary project stage is completed and it is probable the software being developed will be completed and placed in service. Capitalized costs include only (i) external direct costs of materials and services consumed in developing or obtaining internal-use software, (ii) payroll and other related costs for employees who are directly associated with and who devote time to the internal-use software project and (iii) interest costs incurred, when material, while developing internal-use software. We cease capitalization of such costs no later than the point at which the project is substantially complete and ready for its intended purpose.

The unamortized amount of capitalized software totaled $95,301 and $68,004 at December 31, 2016 and 2015, respectively. We amortize software costs using the straight-line method over the expected life of the software, generally 3 to 5 years. Accumulated amortization of capitalized software was $322,807 and $304,057 as of December 31, 2016 and 2015, respectively. Such amounts are recorded within other assets in the Consolidated Balance Sheets.

We review the carrying value of software and development costs for impairment in accordance with our policy pertaining to the impairment of long-lived assets.

Goodwill and Other Intangible Assets

Goodwill and indefinite-lived intangible assets are not amortized, but are evaluated for impairment annually or more often if indicators of a potential impairment are present. Our annual impairment tests are conducted at the beginning of the fourth quarter. We test goodwill for impairment by performing a qualitative assessment or using a two-step quantitative process. If we choose to perform a qualitative assessment, we evaluate economic, industry and company-specific factors as an initial step in assessing the fair value of the related reporting unit. If we determine that it is more likely than not that the fair value of the reporting unit is less than its carrying value, the two-step process is then performed. Otherwise, no further testing is required. For those reporting units tested using the two-step process, we first compare the fair value of each reporting unit with the carrying amount of the reporting unit, including goodwill. If the estimated fair value of the reporting unit is less than the carrying amount of the reporting unit, we complete a second step to determine the amount of the goodwill impairment that we should record. In the second step, we determine an implied fair value of the reporting unit’s goodwill by allocating the reporting unit’s fair value to all of its assets and liabilities other than goodwill (including any unrecognized intangible assets). We compare the resulting implied fair value of the goodwill to the carrying amount and record an impairment charge for the difference. We test individual indefinite-lived intangible assets by comparing the estimated fair value with the book values of each asset.

We determine the fair value of our reporting units and indefinite-lived intangible assets using an income approach. Under the income approach, we calculate the fair value of our reporting units and indefinite-lived intangible assets based on the present value of estimated future cash flows. Considerable management judgment is necessary to evaluate the impact of operating and macroeconomic changes and to estimate the future cash flows used to measure fair value. Our estimates of future cash flows consider past performance, current and anticipated market conditions and internal projections and operating plans which incorporate estimates for sales growth and profitability, and cash flows associated with taxes and capital spending. Additional assumptions include forecasted growth rates, estimated discount rates, which may be risk-adjusted for the operating market of the reporting unit, and estimated royalty rates that would be charged for comparable branded licenses. We believe such assumptions also reflect current and anticipated market conditions and are consistent with those that would be used by other marketplace participants for similar valuation purposes. Such assumptions are subject to change due to changing economic and competitive conditions. See Note 3 for additional information regarding the results of impairment tests.

The cost of intangible assets with finite useful lives is amortized on a straight-line basis. Our finite-lived intangible assets consist primarily of certain trademarks, customer-related intangible assets and patents obtained through business acquisitions, which are amortized over estimated useful lives of approximately 25 years, 15 years, and 5 years, respectively. When certain events or changes in operating conditions indicate that the carrying value of these assets may not be recoverable, we perform an impairment assessment and may adjust the remaining useful lives.

Currency Translation

The financial statements of our foreign entities with functional currencies other than the U.S. dollar are translated into U.S. dollars, with the resulting translation adjustments recorded as a component of other comprehensive income (loss). Assets and liabilities are translated into U.S. dollars using the exchange rates in effect at the balance sheet date, while income and expense items are translated using the average exchange rates during the period.

Derivative Instruments

We use derivative instruments principally to offset exposure to market risks arising from changes in commodity prices, foreign currency exchange rates and interest rates. See Note 5 for additional information on our risk management strategy and the types of instruments we use.

Derivative instruments are recognized on the balance sheet at their fair values. When we become party to a derivative instrument and intend to apply hedge accounting, we designate the instrument for financial reporting purposes as a cash flow or fair value hedge. The accounting for changes in fair value (gains or losses) of a derivative instrument depends on whether we have designated it and it qualified as part of a hedging relationship, as noted below:


•	Changes in the fair value of a derivative that is designated as a cash flow hedge are recorded in accumulated other comprehensive income (“AOCI”) to the extent effective and reclassified into earnings in the same period or periods during which the transaction hedged by that derivative also affects earnings.


•	Changes in the fair value of a derivative that is designated as a fair value hedge, along with the offsetting loss or gain on the hedged asset or liability that is attributable to the risk being hedged, are recorded in earnings, thereby reflecting in earnings the net extent to which the hedge is not effective in achieving offsetting changes in fair value.


•	Changes in the fair value of a derivative not designated as a hedging instrument are recognized in earnings in cost of sales or SM&A, consistent with the related exposure.

For derivatives designated as hedges, we assess, both at the hedge's inception and on an ongoing basis, whether they are highly effective in offsetting changes in fair values or cash flows of hedged items. The ineffective portion, if any, is recorded directly in earnings. In addition, if we determine that a derivative is not highly effective as a hedge or that it has ceased to be a highly effective hedge, we discontinue hedge accounting prospectively.

We do not hold or issue derivative instruments for trading or speculative purposes and are not a party to any instruments with leverage or prepayment features.

Cash flows related to the derivative instruments we use to manage interest, commodity or other currency exposures are classified as operating activities.

Reclassifications

Certain prior period amounts have been reclassified to conform to current year presentation. Specifically, this includes amounts reclassified to conform to the current year presentation in the Consolidated Statements of Cash Flows.

Recent Accounting Pronouncements

In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers, which outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers that supersedes most current revenue recognition guidance. This guidance requires an entity 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 in exchange for those goods or services. The guidance also requires additional financial statement disclosures that will enable users to understand the nature, amount, timing and uncertainty of revenue and cash flows relating to customer contracts. The new standard was originally effective for us on January 1, 2017; however, in July 2015 the FASB decided to defer the effective date by one year. Early application is not permitted, but reporting entities may choose to adopt the standard as of the original effective date. The standard permits the use of either the retrospective or cumulative effect transition method.

In 2016, we continued our assessment of the new standard with a focus on identifying the performance obligations included within our revenue arrangements with customers and evaluating our methods of estimating the amount and timing of variable consideration. Based on our assessment to date, we do not currently expect adoption of the new standard to have a material impact on our consolidated financial statements. We currently plan to adopt the requirements of the new standard in the first quarter of 2018 utilizing the cumulative effect transition method. We are continuing our assessment, which may identify other impacts.

In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842). This ASU will require lessees to recognize a right-of-use asset and lease liability for all leases with terms of more than 12 months. Recognition, measurement and presentation of expenses will depend on classification as a finance or operating lease. This ASU also requires certain quantitative and qualitative disclosures. Accounting guidance for lessors is largely unchanged. The amendments should be applied on a modified retrospective basis. ASU 2016-02 is effective for us beginning January 1, 2019. We are in the process of developing an inventory of our lease arrangements in order to determine the impact that the adoption of ASU 2016-02 will have on our consolidated financial statements and related disclosures. Based on our assessment to date, we expect adoption of this standard to result in a material increase in lease-related assets and liabilities on our consolidated balance sheets; however, we do not expect it to have a significant impact on our consolidated statements of income or cash flows.

In March 2016, the FASB issued ASU No. 2016-09, Compensation—Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting. This ASU is part of the FASB's simplification initiative. The areas for simplification in this ASU involve several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities and classification on the statement of cash flows. ASU 2016-09 is effective for annual periods beginning after December 15, 2016 and interim periods within those annual periods, with early adoption permitted. We are adopting this statement effective January 1, 2017 and we expect the revised classification of excess tax benefits to have a favorable impact on our 2017 net income. We do not expect it to have a significant impact on our consolidated balance sheets or statements of cash flows.

No other new accounting pronouncement issued or effective during the fiscal year had or is expected to have a material impact on our consolidated financial statements or disclosures.

BUSINESS ACQUISITIONS AND DIVESTITURES

12 Months Ended

Dec. 31, 2016

Business Combinations [Abstract]

Business Acquisitions and Divestitures

BUSINESS ACQUISITIONS AND DIVESTITURES

Acquisitions of businesses are accounted for as purchases and, accordingly, the results of operations of the businesses acquired have been included in the consolidated financial statements since the respective dates of the acquisitions. The purchase price for each of the acquisitions is allocated to the assets acquired and liabilities assumed.

2016 Acquisition

Ripple Brand Collective, LLC

On April 26, 2016, we completed the acquisition of all of the outstanding shares of Ripple Brand Collective, LLC, a privately held company based in Congers, New York that owns the barkTHINS mass premium chocolate snacking brand. The barkTHINS brand is largely sold in the United States in take-home resealable packages and is available in the club channel, as well as select natural and conventional grocers. Our consolidated net sales for the year ended December 31, 2016 included approximately $35.6 million attributed to barkTHINS.

The purchase consideration was allocated to assets acquired and liabilities assumed based on their respective fair values as follows:



Goodwill	$	128,110
Trademarks	91,200
Other intangible assets	60,900
Other assets, primarily current assets, net of cash acquired totaling $674	12,375
Current liabilities	(7,211		)
Net assets acquired	$	285,374

Goodwill is calculated as the excess of the purchase price over the fair value of the net assets acquired. The goodwill resulting from the acquisition is attributable primarily to the value of leveraging our brand building expertise, consumer insights, supply chain capabilities and retail relationships to accelerate growth and access to barkTHINS products. Acquired trademarks were assigned estimated useful lives of 27 years, while other intangibles, including customer relationships and covenants not to compete, were assigned estimated useful lives ranging from 2 to 14 years. The recorded goodwill, trademarks and other intangibles are expected to be deductible for tax purposes.

2015 Acquisition

KRAVE Pure Foods

In March 2015, we completed the acquisition of all of the outstanding shares of KRAVE Pure Foods, Inc. (“Krave”), the Sonoma, California based manufacturer of Krave, a leading all-natural brand of premium meat snack products. The transaction was undertaken to allow Hershey to tap into the rapidly growing meat snacks category and further expand into the broader snacks space.

Total purchase consideration included cash consideration of $220,016, as well as agreement to pay additional cash consideration of up to $20,000 to the Krave shareholders if certain defined targets related to net sales and gross profit margin are met or exceeded during the twelve-month periods ending December 31, 2015 or March 31, 2016. The fair value of the contingent cash consideration was classified as a liability of $16,800 as of the acquisition date. Based on revised targets in a subsequent agreement with the Krave shareholders, the fair value was reduced over the second and third quarters of 2015 to $10,000, with the adjustment to fair value recorded within selling, marketing and administrative expenses. The remaining $10,000 was paid in December 2015.

The purchase consideration was allocated to assets acquired and liabilities assumed based on their respective fair values as follows:



Goodwill	$	147,089
Trademarks	112,000
Other intangible assets	17,000
Other assets, primarily current assets, net of cash acquired totaling $1,362	9,465
Current liabilities	(2,756		)
Non-current deferred tax liabilities	(47,344		)
Net assets acquired	$	235,454

Goodwill was calculated as the excess of the purchase price over the fair value of the net assets acquired. The goodwill resulting from the acquisition was attributable primarily to the value of leveraging our brand building expertise, consumer insights, supply chain capabilities and retail relationships to accelerate growth and access to Krave products. The recorded goodwill is not expected to be deductible for tax purposes.

2014 Acquisitions

Shanghai Golden Monkey

On September 26, 2014 (the “Initial Acquisition”), our wholly-owned subsidiary, Hershey Netherlands B.V., acquired 80% of the total outstanding shares of Shanghai Golden Monkey Food Joint Stock Co., Ltd. (“SGM”), a privately held confectionery company based in Shanghai, China. The Golden Monkey product line is primarily sold in China's traditional trade channels. The business complements our position in China, and was undertaken to enable us to take advantage of SGM's distribution and manufacturing capabilities to expand sales of our Hershey products in the China marketplace. Our consolidated net sales for the year ended December 31, 2014 included approximately $54 million generated by SGM since the date of acquisition.

The Initial Acquisition was funded by cash consideration of $394,470, subject to working capital and net debt adjustments. At December 31, 2014, we had recorded a receivable of $37,860, reflecting our current best estimate of the amount due from the selling SGM shareholders for the working capital and net debt adjustments.

As part of the transaction, Hershey Netherlands B.V. contractually agreed to purchase the remaining 20% of the outstanding shares of SGM on the one-year anniversary of the Initial Acquisition, subject to the parties obtaining government and regulatory approvals and satisfaction of other closing conditions. At December 31, 2014, we had recorded a liability of $100,067, reflecting the acquisition date fair value of the future payment to be made to the SGM shareholders.

The goodwill that resulted from the SGM acquisition was attributable primarily to the value of providing an established platform to leverage our brands in the China market, as well as expected synergies and other benefits from the combined brand portfolios. The recorded goodwill is not deductible for tax purposes.

During 2015, we recorded net increases to acquired goodwill for revisions to the acquired fair value of other assets and liabilities totaling $49,120, resulting primarily from 1) our procedures to assess the quality of acquired trade accounts receivable, 2) our procedures to further evaluate and quantify outstanding pre-acquisition trade promotion commitments to distributors, as well as allowances for returns and discounts related to excess and unsalable inventory held at distributors and sales branches as of the acquisition date, and 3) our procedures to estimate the value of pre-acquisition indirect tax contingencies. In addition, we came to an agreement with the selling SGM shareholders to revise the aforementioned receivable and liability balances to reflect partial settlement of the receivable, whereby the receivable was adjusted to $8,685 and the liability was adjusted to $76,815.

Based on the updated information obtained throughout 2015, we updated our estimates of the acquisition-date fair values of the net assets acquired as of September 26, 2015, the conclusion of the one-year measurement period. Any subsequent revisions to the valuation of acquired net assets have been reflected in current results.

A roll-forward of the estimated acquisition-date fair values at December 31, 2014 to the final acquisition-date fair values as of September 26, 2015, the conclusion of the one-year measurement period, is as follows:



	Acquisition date purchase price allocation*
In millions of dollars	At 12/31/14			Adjustments			At 9/26/15
Accounts receivable - trade	$	46		$	(26	)	$	20
Inventories	42			(1		)	41
Other current assets	37			6			43
Property, plant and equipment	112			2			114
Goodwill	235			49			284
Other intangible assets	145			—			145
Other non-current assets	35			(3		)	32
Current liabilities assumed	(54		)	(20		)	(74		)
Short-term debt assumed	(105		)	—			(105		)
Other non-current liabilities assumed, principally deferred taxes	(52		)	(2		)	(54		)
Net assets acquired	$	441					$	446


*	Note that the final opening balance sheet value of goodwill presented in the schedule above differs from total write-off of $280.8 million due to changes in foreign currency exchange rates since the date of acquisition (see Note 3).

On February 3, 2016, we completed the purchase of the remaining 20% of the outstanding shares of SGM for cash consideration totaling $35,762, pursuant to a new agreement entered into during the fourth quarter of 2015 with the selling SGM shareholders which revised the originally-agreed purchase price for these shares. For accounting purposes, we treated the acquisition as if we had acquired 100% at the initial acquisition date in 2014 and financed the payment for the remaining 20% of the outstanding shares. Therefore, the cash settlement of the liability for the purchase of these remaining shares is reflected within the financing section of the Consolidated Statements of Cash Flows.

The final settlement also resulted in an extinguishment gain of $26,650 representing the net carrying amount of the recorded liability in excess of the cash paid to settle the obligation for the remaining 20% of the outstanding shares. This gain is recorded within non-operating other (income) expense, net within the Consolidated Statements of Income.

The Allan Candy Company Limited

In December 2014, our wholly-owned subsidiary, Hershey Canada Inc., completed the acquisition of all of the outstanding shares of The Allan Candy Company Limited (“Allan”) for cash consideration of approximately $27,376. Allan is headquartered in Ontario, Canada and manufactures certain non-chocolate products on behalf of Hershey, in addition to manufacturing and distributing its own branded products, principally in Canada. The preliminary purchase price allocation includes fixed assets of $10,897, goodwill of $6,996, other intangible assets of $8,092, and other net assets of $1,391. During the first half of 2015, we increased goodwill by $1,820 to recognize revisions to the preliminary fair value of net assets acquired.

Lotte Shanghai Food Company

In March 2014, we acquired an additional 5.9% interest in Lotte Shanghai Foods Co., Ltd. (“LSFC”), a joint venture established in 2007 in China for the purpose of manufacturing and selling product to the venture partners. For this additional interest, we paid $5,580 in cash, increasing our ownership from 44.1% to 50%. At the same time, we also amended the LSFC shareholders' agreement resulting in our operational control over the venture. With the additional operational control, we reassessed our involvement with LSFC and concluded that we have a controlling financial interest. Therefore, we consolidated the venture as of the March 2014 acquisition date. We had previously accounted for our investment in LSFC using the equity method.

Total consideration transferred was approximately $99,161, including the $5,580 cash consideration paid, the estimated fair value of our previously held equity interest of $43,857 and the estimated fair value of the remaining noncontrolling interest in LSFC of $49,724, which fair values were determined using a market-based approach. The fair value of the LSFC assets acquired and liabilities assumed on the acquisition date was $99,449, including fixed assets of $106,253, short-term debt obligations of $13,292 and other net assets of $6,488.

We recognized a gain of approximately $4,627 in connection with this transaction, primarily related to the remeasurement of the fair value of our equity interest immediately before the business combination. The gain is included in other (income) expense, net within our Consolidated Statement of Income for the year ended December 31, 2014. Additionally, cash acquired in the transaction exceeded the $5,580 paid for the controlling interest by $10,035, resulting in a positive cash impact from the acquisition as presented in the Consolidated Statement of Cash Flows for the year ended December 31, 2014.

Pro Forma Presentation and Acquisition Costs

Pro forma results of operations have not been presented for these aforementioned acquisitions, as the impact to our consolidated financial statements was not material. In 2014, we incurred net acquisition-related costs primarily related to the SGM acquisition of $13,270. These costs primarily consisted of third-party advisory fees and are recorded within selling, marketing and administrative costs in the Consolidated Statements of Income, with the exception of the 2014 costs reflecting net foreign currency exchange losses relating to our strategy to cap the SGM acquisition price as denominated in U.S. dollars, which are recorded within other (income) expense, net. Acquisition costs incurred in 2016 and 2015 were not significant.

2015 Divestiture

In December 2014, we entered into an agreement to sell the Mauna Loa Macadamia Nut Corporation (“Mauna Loa”), a business that had historically been reported within our North America segment. The transaction closed in the first quarter of 2015, resulting in proceeds, net of selling expenses and an estimated working capital adjustment, of approximately $32,400. As a result of the expected sale, in 2014, we recorded an estimated loss on the anticipated sale of $22,256 to reflect the disposal entity at fair value, less an estimate of the selling costs. This amount included impairment charges totaling $18,531 to write down goodwill and the indefinite-lived trademark intangible asset, based on the valuation of these assets as implied by the agreed-upon sales price. The sale of Mauna Loa resulted in the recording of an additional loss on sale of $2,667 in the first quarter of 2015, based on updates to the selling expenses and tax benefits. The loss on the sale is reflected within business realignment costs in the Consolidated Statements of Income.

GOODWILL AND INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

GOODWILL AND INTANGIBLE ASSETS

The changes in the carrying value of goodwill by reportable segment for the years ended December 31, 2016 and 2015 are as follows:



	North America			International and Other			Total
Goodwill	$	538,322		$	336,179		$	874,501
Accumulated impairment loss	(4,973		)	(76,573		)	(81,546		)
Balance at January 1, 2015	533,349			259,606			792,955
Acquired during the period (see Note 2)	147,089			—			147,089
Impairment	—			(280,802		)	(280,802		)
Purchase price allocation adjustments	1,820			46,203			48,023
Foreign currency translation	(20,175		)	(2,838		)	(23,013		)
Balance at December 31, 2015	662,083			22,169			684,252
Acquired during the period (see Note 2)	128,110			—			128,110
Foreign currency translation	1,997			(2,015		)	(18		)
Balance at December 31, 2016	$	792,190		$	20,154		$	812,344

The $280,802 impairment charge recorded in 2015 resulted from our interim reassessment of the valuation of the SGM business, coupled with the write-down of goodwill attributed to the China chocolate business in connection with the SGM acquisition, as discussed below.

In the second quarter of 2015, since the SGM business had been performing below expectations, with net sales and earnings levels well below pre-acquisition levels, we performed an interim impairment test of the SGM reporting unit as of July 5, 2015 using an income approach based on our estimates of future performance scenarios for the business. The results of this test indicated that the fair value of the reporting unit was less than the carrying amount as of the measurement date, suggesting that a goodwill impairment was probable, which required us to perform a second step analysis to confirm that an impairment exists and to determine the amount of the impairment based on our reassessed value of the reporting unit. Although preliminary, as a result of this reassessment, in the second quarter of 2015 we recorded an estimated $249,811 non-cash goodwill impairment charge, representing a write-down of all of the goodwill related to the SGM reporting unit as of July 5, 2015. During the third quarter of 2015, we increased the value of acquired goodwill by $16,599, with the corresponding offset principally represented by the establishment of additional opening balance sheet liabilities (see Note 2). We also finalized the impairment test of the goodwill relating to the SGM reporting unit, which resulted in a write-off of this additional goodwill in the third quarter, for a total impairment of $266,409. At this time, we also tested the other long-lived assets of SGM for recoverability by comparing the sum of the undiscounted cash flows to the carrying value of the asset group, and no impairment was indicated.

In connection with the 2014 SGM acquisition, we assigned approximately $15 million of goodwill to our existing China chocolate business, as this reporting unit was expected to benefit from acquisition synergies relating to the sale of Golden Monkey-branded product through its Tier 1 and hypermarket distributor networks. As the net sales and earnings of our China business continued to be adversely impacted by macroeconomic challenges and changing consumer shopping behavior through the third quarter of 2015, we determined that an interim impairment test of the goodwill in this reporting unit was also required. We performed the first step of this test in the third quarter of 2015 using an income approach based on our estimates of future performance scenarios for the business. The results of this test suggested that a goodwill impairment was probable, and the conclusions of the second step analysis resulted in a write-down of $14,393, representing the full value of goodwill attributed to this reporting unit as of October 4, 2015.

In 2014, the annual impairment testing of our India reporting unit resulted in a $11,400 goodwill impairment charge and a $4,500 pre-tax write-down of a trademark associated with the India business. These impairment charges were largely a result of our decision to exit the oils portion of the India business and realign our approach to regional marketing and distribution in India.

The following table provides the gross carrying amount and accumulated amortization for each major class of intangible asset:



December 31,	2016					2015
	Gross Carrying Amount		Accumulated Amortization			Gross Carrying Amount		Accumulated Amortization
Intangible assets subject to amortization:
Trademarks	$	317,023	$	(30,458	)	$	227,511	$	(16,246	)
Customer-related	200,409		(36,482		)	146,532		(26,643		)
Patents	16,426		(13,700		)	16,857		(12,481		)
Total	533,858		(80,640		)	390,900		(55,370		)

Intangible assets not subject to amortization:
Trademarks	39,519					43,775
Total other intangible assets	$	492,737				$	379,305

In connection with our annual impairment testing of indefinite lived intangible assets for 2016, we recognized a trademark impairment charge of $4,204, primarily resulting from plans to discontinue a brand sold in India.

Total amortization expense for the years ended December 31, 2016, 2015 and 2014 was $26,687, $22,306 and $10,849, respectively.

Amortization expense for the next five years, based on current intangible balances, is estimated to be as follows:



Year ending December 31,	2017		2018		2019		2020		2021
Amortization expense	$	28,780	$	27,240	$	27,133	$	26,894	$	26,862

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References + Details

SHORT AND LONG-TERM DEBT

12 Months Ended

Dec. 31, 2016

Debt Disclosure [Abstract]

Short and Long-Term Debt

SHORT AND LONG-TERM DEBT

Short-term Debt

As a source of short-term financing, we utilize cash on hand and commercial paper or bank loans with an original maturity of three months or less. We maintain a $1.0 billion unsecured revolving credit facility, which currently expires in November 2020. This agreement also includes an option to increase borrowings by an additional $400,000 with the consent of the lenders. On June 16, 2016, we entered into an additional unsecured revolving credit facility that provided for borrowings up to $500,000. We terminated this facility, which was scheduled to expire on June 15, 2017, effective October 24, 2016.

The unsecured committed revolving credit agreement contains a financial covenant whereby the ratio of (a) pre-tax income from operations from the most recent four fiscal quarters to (b) consolidated interest expense for the most recent four fiscal quarters may not be less than 2.0 to 1.0 at the end of each fiscal quarter. The credit agreement also contains customary representations, warranties and events of default. Payment of outstanding advances may be accelerated, at the option of the lenders, should we default in our obligation under the credit agreement. As of December 31, 2016, we complied with all customary affirmative and negative covenants and the financial covenant pertaining to our credit agreement. There were no significant compensating balance agreements that legally restricted these funds.

In addition to the revolving credit facility, we maintain lines of credit with domestic and international commercial banks. Our credit limit in various currencies was $504,237 at December 31, 2016 and $516,916 at December 31, 2015. These lines permit us to borrow at the respective banks’ prime commercial interest rates, or lower. We had short-term foreign bank loans against these lines of credit for $158,805 at December 31, 2016 and $313,520 at December 31, 2015. Commitment fees relating to our revolving credit facility and lines of credit are not material.

At December 31, 2016, we had outstanding commercial paper totaling $473,666, at a weighted average interest rate of 0.6%. At December 31, 2015, we had outstanding commercial paper totaling $49,993, at a weighted average interest rate of 0.4%.

The maximum amount of short-term borrowings outstanding during 2016 was $997,120. The weighted-average interest rate on short-term borrowings outstanding was 1.0% as of December 31, 2016 and 3.0% as of December 31, 2015.

Long-term Debt

Long-term debt consisted of the following:



December 31,	2016			2015
5.45% Notes due 2016	$	—		$	250,000
1.50% Notes due 2016	—			250,000
1.60% Notes due 2018	300,000			300,000
4.125% Notes due 2020	350,000			350,000
8.8% Debentures due 2021	84,715			84,715
2.625% Notes due 2023	250,000			250,000
3.20% Notes due 2025	300,000			300,000
2.30% Notes due 2026	500,000			—
7.2% Debentures due 2027	193,639			193,639
3.375% Notes due 2046	300,000			—
Lease obligations	83,619			82,747
Net impact of interest rate swaps, debt issuance costs and unamortized debt discounts	(14,275		)	(4,087		)
Total long-term debt	2,347,698			2,057,014
Less—current portion	243			499,923
Long-term portion	$	2,347,455		$	1,557,091

In September 2016, we repaid $250,000 of 5.45% Notes due in 2016 upon their maturity. In November 2016, we repaid $250,000 of 1.50% Notes due in 2016 upon their maturity. In August 2016, we issued $500,000 of 2.30% Notes due in 2026 and $300,000 of 3.375% Notes due in 2046 (the "Notes"). Proceeds from the issuance of the Notes, net of discounts and issuance costs, totaled $792,953. The Notes were issued under a shelf registration statement on Form S-3 filed in June 2015 that registered an indeterminate amount of debt securities.

In August 2015, we paid $100,165 to repurchase $71,646 of our long-term debt as part of a cash tender offer, consisting of $15,285 of our 8.80% Debentures due in 2021 and $56,361 of our 7.20% Debentures due in 2027. We used a portion of the proceeds from the Notes issued in August 2015 to fund the repurchase. As a result of the repurchase, we recorded interest expense of $28,326 which represented the premium paid for the tender offer as well as the write-off of the related unamortized debt discount and debt issuance costs. Upon extinguishment of the debt, we unwound the fixed-to-floating interest rate swaps related to the tendered bonds and recognized a gain of $278 currently in interest expense resulting from the hedging instruments.

Aggregate annual maturities of long-term debt are as follows for the years ending December 31:



2017	$	243
2018	300,279
2019	367
2020	350,462
2021	85,279
Thereafter	1,611,068

Our debt is principally unsecured and of equal priority. None of our debt is convertible into our Common Stock.

Interest Expense

Net interest expense consisted of the following:



For the years ended December 31,	2016			2015			2014
Interest expense	$	97,851		$	93,520		$	93,777
Capitalized interest	(5,903		)	(12,537		)	(6,179		)
Loss on extinguishment of debt	—			28,326			—
Interest expense	91,948			109,309			87,598
Interest income	(1,805		)	(3,536		)	(4,066		)
Interest expense, net	$	90,143		$	105,773		$	83,532

DERIVATIVE INSTRUMENTS

12 Months Ended

Dec. 31, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments

DERIVATIVE INSTRUMENTS

We are exposed to market risks arising principally from changes in foreign currency exchange rates, interest rates and commodity prices. We use certain derivative instruments to manage these risks. These include interest rate swaps to manage interest rate risk, foreign currency forward exchange contracts and options to manage foreign currency exchange rate risk, and commodities futures and options contracts to manage commodity market price risk exposures.

In entering into these contracts, we have assumed the risk that might arise from the possible inability of counterparties to meet the terms of their contracts. We mitigate this risk by entering into exchanged-traded contracts with collateral posting requirements and/or by performing financial assessments prior to contract execution, conducting periodic evaluations of counterparty performance and maintaining a diverse portfolio of qualified counterparties. We do not expect any significant losses from counterparty defaults.

Commodity Price Risk

We enter into commodities futures and options contracts and other commodity derivative instruments to reduce the effect of future price fluctuations associated with the purchase of raw materials, energy requirements and transportation services. We generally hedge commodity price risks for 3- to 24-month periods. Our open commodity derivative contracts had a notional value, assuming year-end market prices, of $739,374 as of December 31, 2016 and $374,873 as of December 31, 2015. Through 2015, we designated the majority of our commodity derivative instruments as cash flow hedges under the hedge accounting requirements. Under hedge accounting, we account for the effective portion of mark-to-market gains and losses on commodity derivative instruments in other comprehensive income, to be recognized in cost of sales in the same period that we record the hedged raw material requirements in cost of sales. The ineffective portion of gains and losses is recorded currently in cost of sales.

Effective July 6, 2015 for cocoa commodity derivatives and January 1, 2016 for other commodity derivatives, we discontinued the designation of any of our existing or new cocoa or other commodity derivatives for hedge accounting treatment. Since such dates, changes in the fair value of these derivatives have been recorded as incurred within cost of sales. Effective as of such dates, we also revised our definition of segment income to exclude gains and losses on commodity derivatives until the related inventory is sold. This change to our definition of segment income enables us to continue to align the derivative gains and losses with the underlying economic exposure being hedged and thereby eliminate the mark-to-market volatility within our reported segment income.

Foreign Exchange Price Risk

We are exposed to foreign currency exchange rate risk related to our international operations, including non-functional currency intercompany debt and other non-functional currency transactions of certain subsidiaries. Principal currencies hedged include the euro, Canadian dollar, Japanese yen, and Brazilian real. We typically utilize foreign currency forward exchange contracts and options to hedge these exposures for periods ranging from 3 to 12 months. The contracts are either designated as cash flow hedges or are undesignated. The net notional amount of foreign exchange contracts accounted for as cash flow hedges was $68,263 at December 31, 2016 and $10,752 at December 31, 2015. The effective portion of the changes in fair value on these contracts is recorded in other comprehensive income and reclassified into earnings in the same period in which the hedged transactions affect earnings. The net notional amount of foreign exchange contracts that are not designated as accounting hedges was $2,791 at December 31, 2016 and December 31, 2015, respectively. The change in fair value on these instruments is recorded directly in cost of sales or selling, marketing and administrative expense, depending on the nature of the underlying exposure.

Interest Rate Risk

In order to manage interest rate exposure, from time to time we enter into interest rate swap agreements to protect against unfavorable interest rate changes relating to forecasted debt transactions. These swaps are designated as cash flow hedges, with gains and losses deferred in other comprehensive income to be recognized as an adjustment to interest expense in the same period that the hedged interest payments affect earnings. We had one interest rate swap agreement in a cash flow hedging relationship with a notional amount of $500,000 at December 31, 2015. This interest rate swap agreement was settled in connection with the issuance of debt in August 2016, resulting in a payment of approximately $87,000 which is reflected as an operating cash flow within the Consolidated Statement of Cash Flows.

We also manage our targeted mix of fixed and floating rate debt with debt issuances and by entering into fixed-to-floating interest rate swaps in order to mitigate fluctuations in earnings and cash flows that may result from interest rate volatility. These swaps are designated as fair value hedges, for which the gain or loss on the derivative and the offsetting loss or gain on the hedged item are recognized in current earnings as interest expense (income), net. We had one interest rate derivative instrument in a fair value hedging relationship with a notional amount of $350,000 at December 31, 2016 and 2015.

Equity Price Risk

We are exposed to market price changes in certain broad market indices related to our deferred compensation obligations to our employees. To mitigate this risk, we use equity swap contracts to hedge the portion of the exposure that is linked to market-level equity returns. These contracts are not designated as hedges for accounting purposes and are entered into for periods of 3 to 12 months. The change in fair value of these derivatives is recorded in selling, marketing and administrative expense, together with the change in the related liabilities. The notional amount of the contracts outstanding at December 31, 2016 was $22,099.

The following table presents the classification of derivative assets and liabilities within the Consolidated Balance Sheets as of December 31, 2016 and 2015:



December 31,	2016				2015
	Assets (1)		Liabilities (1)		Assets (1)		Liabilities (1)
Derivatives designated as cash flow hedging instruments:
Commodities futures and options (2)	$	—	$	—	$	—	$	479
Foreign exchange contracts	2,229		809		367		475
Interest rate swap agreements	—		—		—		40,299
	2,229		809		367		41,253
Derivatives designated as fair value hedging instruments:
Interest rate swap agreements	1,768		—		4,313		—

Derivatives not designated as hedging instruments:
Commodities futures and options (2)	2,348		10,000		—		1,574
Deferred compensation derivatives	717		—		1,198		—
Foreign exchange contracts	—		16		69		—
	3,065		10,016		1,267		1,574
Total	$	7,062	$	10,825	$	5,947	$	42,827


(1)	Derivatives assets are classified on our balance sheet within prepaid expenses and other as well as other assets. Derivative liabilities are classified on our balance sheet within accrued liabilities and other long-term liabilities.

(2)

As of December 31, 2016, assets and liabilities include the net of assets of $140,885 and liabilities of $150,872 associated with cash transfers receivable or payable on commodities futures contracts reflecting the change in quoted market prices on the last trading day for the period. The comparable amounts reflected on a net basis in liabilities at December 31, 2015 were assets of $54,090 and liabilities of $54,860. At December 31, 2016 and 2015, the remaining amount reflected in assets and liabilities related to the fair value of other non-exchange traded derivative instruments, respectively.

Income Statement Impact of Derivative Instruments

The effect of derivative instruments on the Consolidated Statements of Income for the years ended December 31, 2016 and December 31, 2015 was as follows:



	Non-designated Hedges						Cash Flow Hedges
	Non-designated Hedges						Cash Flow Hedges
	Gains (losses) recognized in income (a)						Gains (losses) recognized in other comprehensive income (“OCI”) (effective portion)						Gains (losses) reclassified from accumulated OCI into income (effective portion) (b)						Gains recognized in income (ineffective portion) (c)

	2016			2015			2016			2015			2016			2015			2016		2015
Commodities futures and options	$	(171,753	)	$	(2,777	)	$	—		$	84,382		$	30,783		$	40,600		$	—	$	987
Foreign exchange contracts	(46		)	487			(5,485		)	(155		)	(5,625		)	956			—		—
Interest rate swap agreements	—			—			(47,223		)	(22,388		)	(8,676		)	(4,922		)	—		—
Deferred compensation derivatives	2,203			173			—			—			—			—			—		—
Total	$	(169,596	)	$	(2,117	)	$	(52,708	)	$	61,839		$	16,482		$	36,634		$	—	$	987


(a)	Gains (losses) recognized in income for non-designated commodities futures and options contracts were included in cost of sales. Gains (losses) recognized in income for non-designated foreign currency forward exchange contracts and deferred compensation derivatives were included in selling, marketing and administrative expenses.

(b)

Gains (losses) reclassified from AOCI into income were included in cost of sales for commodities futures and options contracts and for foreign currency forward exchange contracts designated as hedges of purchases of inventory or other productive assets. Other gains (losses) for foreign currency forward exchange contracts were included in selling, marketing and administrative expenses. Losses reclassified from AOCI into income for interest rate swap agreements were included in interest expense.


(c)	Gains representing hedge ineffectiveness were included in cost of sales for commodities futures and options contracts.

The amount of pretax net losses on derivative instruments, including interest rate swap agreements, foreign currency forward exchange contracts and options, commodities futures and options contracts, and other commodity derivative instruments expected to be reclassified into earnings in the next 12 months was approximately $7,824 as of December 31, 2016. This amount was primarily associated with interest rate swap agreements.

Fair Value Hedges

For the years ended December 31, 2016 and 2015, we recognized a net pretax benefit to interest expense of $4,365 and $6,905 relating to our fixed-to-floating interest swap arrangements.

FAIR VALUE MEASUREMENTS FAIR VALUE MEASUREMENTS

12 Months Ended

Dec. 31, 2016

FAIR VALUE MEASUREMENTS [Abstract]

Fair Value Measurements

FAIR VALUE MEASUREMENTS

Accounting guidance on fair value measurements requires that financial assets and liabilities be classified and disclosed in one of the following categories of the fair value hierarchy:

Level 1 – Based on unadjusted quoted prices for identical assets or liabilities in an active market.

Level 2 – Based on observable market-based inputs or unobservable inputs that are corroborated by market data.

Level 3 – Based on unobservable inputs that reflect the entity's own assumptions about the assumptions that a market participant would use in pricing the asset or liability.

We did not have any level 3 financial assets or liabilities, nor were there any transfers between levels during the periods presented.

The following table presents assets and liabilities that were measured at fair value in the Consolidated Balance Sheet on a recurring basis as of December 31, 2016 and 2015:



	Assets (Liabilities)
	Level 1		Level 2		Level 3		Total
December 31, 2016:
Derivative Instruments:
Assets:
Foreign exchange contracts (1)	$	—	$	2,229	$	—	$	2,229
Interest rate swap agreements (2)	—		1,768		—		1,768
Deferred compensation derivatives (3)	—		717		—		717
Commodities futures and options (4)	2,348		—		—		2,348
Liabilities:
Foreign exchange contracts (1)	—		825		—		825
Interest rate swap agreements (2)	—		—		—		—
Commodities futures and options (4)	10,000		—		—		10,000
December 31, 2015:
Assets:
Foreign exchange contracts (1)	$	—	$	436	$	—	$	436
Interest rate swap agreements (2)	—		4,313		—		4,313
Deferred compensation derivatives (3)	—		1,198		—		1,198
Liabilities:
Foreign exchange contracts (1)	—		475		—		475
Interest rate swap agreements (2)	—		40,299		—		40,299
Commodities futures and options (4)	2,053		—		—		2,053

(1)

The fair value of foreign currency forward exchange contracts is the difference between the contract and current market foreign currency exchange rates at the end of the period. We estimate the fair value of foreign currency forward exchange contracts on a quarterly basis by obtaining market quotes of spot and forward rates for contracts with similar terms, adjusted where necessary for maturity differences.


(2)	The fair value of interest rate swap agreements represents the difference in the present value of cash flows calculated at the contracted interest rates and at current market interest rates at the end of the period. We calculate the fair value of interest rate swap agreements quarterly based on the quoted market price for the same or similar financial instruments.


(3)	The fair value of deferred compensation derivatives is based on quoted prices for market interest rates and a broad market equity index.


(4)	The fair value of commodities futures and options contracts is based on quoted market prices.

Other Financial Instruments

The carrying amounts of cash and cash equivalents, short-term investments, accounts receivable, accounts payable and short-term debt approximated fair values as of December 31, 2016 and December 31, 2015 because of the relatively short maturity of these instruments.

The estimated fair value of our long-term debt is based on quoted market prices for similar debt issues and is, therefore, classified as Level 2 within the valuation hierarchy. The fair values and carrying values of long-term debt, including the current portion, were as follows:



	Fair Value				Carrying Value
At December 31,	2016		2015		2016		2015
Current portion of long-term debt	$	243	$	509,580	$	243	$	499,923
Long-term debt	2,379,054		1,668,379		2,347,455		1,557,091
Total	2,379,297		$	2,177,959	2,347,698		$	2,057,014

Other Fair Value Measurements

In addition to assets and liabilities that are recorded at fair value on a recurring basis, GAAP requires that, under certain circumstances, we also record assets and liabilities at fair value on a nonrecurring basis. Generally, assets are recorded at fair value on a nonrecurring basis as a result of impairment charges. As discussed in Note 3, we conducted an interim impairment test on the goodwill generated by the SGM acquisition, which resulted in impairment charges totaling $280,802. In 2016 and 2014, as discussed in Note 3, in connection with our annual impairment testing of goodwill and indefinite-lived intangible assets, we recorded impairment charges totaling $4,204 and $15,900, respectively. These charges were determined by comparing the fair value of the assets to their carrying value. The fair value of the assets was derived using discounted cash flow analyses based on Level 3 inputs.

As discussed in Note 2, in connection with the planned Mauna Loa divestiture, we classified the net assets as held for sale as of December 31, 2014, resulting in a write down of $18,531 based upon the agreed-upon sales price and related transaction costs. The loss was calculated based on Level 3 inputs and included in 2014 earnings.

BUSINESS REALIGNMENT ACTIVITIES

12 Months Ended

Dec. 31, 2016

Restructuring and Related Activities [Abstract]

Business Realignment Activities

BUSINESS REALIGNMENT ACTIVITIES

We are currently pursuing several business realignment activities designed to increase our efficiency and focus our business behind our key growth strategies. Costs recorded in 2016, 2015 and 2014 related to these activities are as follows:



For the years ended December 31,	2016		2015		2014
Operational Optimization Program:
Severance	$	17,872	$	—	$	—
Accelerated depreciation	48,590		—		—
Other program costs	21,831		—		—
2015 Productivity Initiative:
Severance	—		81,290		—
Pension settlement charges	13,669		10,178		—
Other program costs	5,609		14,285		—
Other international restructuring programs:
Severance	—		6,651		2,947
Accelerated depreciation and amortization	—		5,904		—
Mauna Loa Divestiture (see Note 2)	—		2,667		22,256
Project Next Century	—		—		9,087
Total	$	107,571	$	120,975	$	34,290

The costs and related benefits of the Operational Optimization Program relate approximately 25% to the North America segment and 75% to the International and Other segment. The costs and related benefits to be derived from the 2015 Productivity Initiative relate primarily to the North American segment, while the costs and related benefits of the other international programs relate primary to the International and Other segment. However, segment operating results do not include these business realignment expenses because we evaluate segment performance excluding such costs.

2016 Operational Optimization Program

In the second quarter of 2016, we commenced a program (the “Operational Optimization Program”) to optimize our production and supply chain network, which includes select facility consolidations. The program encompasses the continued transition of our China chocolate and SGM operations into a united Golden Hershey platform, including the integration of the China sales force, as well as workforce planning efforts and the consolidation of production within certain facilities in China and North America.

We have incurred pre-tax costs of $88,293 to date, including non-cash asset-related incremental depreciation costs, severance and employee benefit costs, costs to consolidate and relocate production, and third-party costs incurred to execute these activities. We currently expect to incur additional cash costs of approximately $37 million over the next two years to complete this program.

2015 Productivity Initiative

In mid-2015, we initiated a productivity initiative (the “2015 Productivity Initiative”) intended to move decision making closer to the customer and the consumer, to enable a more enterprise-wide approach to innovation, to more swiftly advance our knowledge agenda, and to provide for a more efficient cost structure, while ensuring that we effectively allocate resources to future growth areas. Overall, the 2015 Productivity Initiative was undertaken to simplify the organizational structure to enhance the Company's ability to rapidly anticipate and respond to the changing demands of the global consumer.

The 2015 Productivity Initiative was executed throughout the third and fourth quarters of 2015, resulting in a net reduction of approximately 300 positions, with the majority of the departures taking place by the end of 2015. For the year ended December 31, 2016, we incurred charges totaling $19,278, representing pension settlement charges, adjustments to estimated severance benefits and incremental third-party costs related to the design and implementation of the new organizational structure. The 2015 Productivity Initiative was completed during the third quarter 2016. We incurred total costs of $125,031 relating to this program, including pension settlement charges of $13,669 recorded in 2016 and $10,178 recorded in 2015 relating to lump sum withdrawals by employees retiring or leaving the Company as a result of this program.

Other international restructuring programs

Costs incurred for the year ended December 31, 2015 related principally to accelerated depreciation and amortization and employee severance costs for a couple of programs commenced in 2014 to rationalize certain non-U.S. manufacturing and distribution activities and to establish our own sales and distribution teams in Brazil in connection with our exit from the Bauducco joint venture.

Project Next Century

The 2014 costs shown relate primarily to the demolition of the Company’s former manufacturing facility, representing the final phase of the Project Next Century program. As of December 31, 2014, we have concluded the Project Next Century.

Total costs associated with business realignment activities are classified in our Consolidated Statements of Income as follows:



For the years ended December 31,	2016		2015		2014
Cost of sales	$	58,106	$	8,801	$	1,622
Selling, marketing and administrative expense	16,939		17,368		2,947
Business realignment costs	32,526		94,806		29,721
Total costs associated with business realignment activities	$	107,571	$	120,975	$	34,290

The following table presents the liability activity for employee-related costs qualifying as exit and disposal costs for the year ended December 31, 2016:



	Total
Liability balance at December 31, 2015	$	16,310
2016 business realignment charges (1)	18,857
Cash payments	(31,522		)
Other, net	80
Liability balance at December 31, 2016 (reported within accrued liabilities)	$	3,725


(1)	The costs reflected in the liability roll-forward above do not include items charged directly to expense, such as accelerated depreciation and amortization and the loss on the Mauna Loa divestiture and certain of the third-party charges associated with various programs, as those items are not reflected in the business realignment liability in our Consolidated Balance Sheets.

INCOME TAXES

12 Months Ended

Dec. 31, 2016

Income Tax Disclosure [Abstract]

Income Taxes

INCOME TAXES

The components of income (loss) before income taxes are as follows:



For the years ended December 31,	2016			2015			2014
Domestic	$	1,395,440		$	1,357,618		$	1,320,738
Foreign	(295,959		)	(455,771		)	(14,695		)
Income before income taxes	$	1,099,481		$	901,847		$	1,306,043

The components of our provision for income taxes are as follows:



For the years ended December 31,	2016			2015			2014
Current:
Federal	$	391,705		$	409,060		$	385,642
State	51,706			47,978			52,331
Foreign	(25,877		)	(29,605		)	2,362
	417,534			427,433			440,335
Deferred:
Federal	(7,706		)	(31,153		)	20,649
State	(452		)	(2,346		)	2,725
Foreign	(29,939		)	(5,038		)	(4,578		)
	(38,097		)	(38,537		)	18,796
Total provision for income taxes	$	379,437		$	388,896		$	459,131

The income tax benefit associated with stock-based compensation of $17,814 and $24,839 for the years ended December 31, 2016 and 2015, respectively, reduced accrued income taxes on the Consolidated Balance Sheets. We credited additional paid-in capital to reflect the net excess income tax benefits.

Deferred taxes reflect temporary differences between the tax basis and financial statement carrying value of assets and liabilities. The significant temporary differences that comprised the deferred tax assets and liabilities are as follows:



December 31,	2016			2015
Deferred tax assets:
Post-retirement benefit obligations	$	90,584		$	95,763
Accrued expenses and other reserves	141,228			163,908
Stock-based compensation	48,500			46,665
Derivative instruments	44,010			8,858
Pension	14,662			28,940
Lease financing obligation	18,950			18,947
Accrued trade promotion reserves	50,463			36,501
Net operating loss carryforwards	143,085			99,155
Capital loss carryforwards	38,691			44,546
Other	14,452			14,444
Gross deferred tax assets	604,625			557,727
Valuation allowance	(235,485		)	(207,055		)
Total deferred tax assets	369,140			350,672
Deferred tax liabilities:
Property, plant and equipment, net	202,300			218,729
Acquired intangibles	113,074			120,420
Inventories	27,608			20,063
Other	8,884			8,258
Total deferred tax liabilities	351,866			367,470
Net deferred tax assets (liabilities)	$	17,274		$	(16,798	)
Included in:
Non-current deferred tax assets, net	56,861			36,390
Non-current deferred tax liabilities, net	(39,587		)	(53,188		)
Net deferred tax assets (liabilities)	$	17,274		$	(16,798	)

We believe that it is more likely than not that the results of future operations will generate sufficient taxable income to realize the net deferred tax assets. Changes in deferred tax assets for net operating loss carryforwards resulted primarily from current year losses in foreign jurisdictions. Changes in deferred tax assets for derivative instruments resulted primarily from the tax impact of our payment to settle an interest rate swap in 2016.

The valuation allowances as of December 31, 2016 and 2015 are primarily related to U.S. capital loss carryforwards and various foreign jurisdictions' net operating loss carryforwards and other deferred tax assets that we do not expect to realize.

The following table reconciles the federal statutory income tax rate with our effective income tax rate:



For the years ended December 31,	2016		2015		2014
Federal statutory income tax rate	35.0	%	35.0	%	35.0	%
Increase (reduction) resulting from:
State income taxes, net of Federal income tax benefits	3.4		4.2		3.0
Qualified production income deduction	(3.8	)	(4.4	)	(2.4	)
Business realignment and impairment charges and gain on sale of trademark licensing rights	0.4		10.8		0.7
Foreign rate differences	3.6		2.2		(0.1	)
Historic and solar tax credits	(3.3	)	(3.3	)	—
Other, net	(0.8	)	(1.4	)	(1.0	)
Effective income tax rate	34.5	%	43.1	%	35.2	%

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:



December 31,	2016			2015
Balance at beginning of year	$	33,411		$	32,230
Additions for tax positions taken during prior years	2,804			1,122
Reductions for tax positions taken during prior years	(4,080		)	(2,112		)
Additions for tax positions taken during the current year	9,100			6,623
Settlements	—			(702		)
Expiration of statutes of limitations	(5,233		)	(3,750		)
Balance at end of year	$	36,002		$	33,411

The total amount of unrecognized tax benefits that, if recognized, would affect the effective tax rate was $27,691 as of December 31, 2016 and $25,947 as of December 31, 2015.

We report accrued interest and penalties related to unrecognized tax benefits in income tax expense. We recognized a net tax benefit of $75 in 2016, a net tax expense of $1,153 in 2015 and a net tax benefit of $9,082 in 2014 for interest and penalties. Accrued net interest and penalties were $3,716 as of December 31, 2016 and $3,791 as of December 31, 2015.

We file income tax returns in the U.S. federal jurisdiction and various state and foreign jurisdictions. A number of years may elapse before an uncertain tax position, for which we have unrecognized tax benefits, is audited and finally resolved. While it is often difficult to predict the final outcome or the timing of resolution of any particular uncertain tax position, we believe that our unrecognized tax benefits reflect the most likely outcome. We adjust these unrecognized tax benefits, as well as the related interest, in light of changing facts and circumstances. Settlement of any particular position could require the use of cash. Favorable resolution would be recognized as a reduction to our effective income tax rate in the period of resolution.

The number of years with open tax audits varies depending on the tax jurisdiction. Our major taxing jurisdictions include the United States (federal and state), Canada, China and Mexico. U.S., Canadian, Chinese and Mexican federal audit issues typically involve the timing of deductions and transfer pricing adjustments. Tax examinations by the U.S. Internal Revenue Service and various state taxing authorities could be conducted for years beginning in 2013.

We are no longer subject to Canadian federal income tax examinations by the Canada Revenue Agency (“CRA”) for years before 2007. In 2013, the CRA concluded its audit for 2007 through 2009 and issued a letter to us indicating proposed adjustments primarily associated with business realignment charges and transfer pricing. In 2014, the CRA withdrew the proposed adjustments related to business realignment charges and transfer pricing of inventory, and we paid a $1,600 assessment related to other cross-border adjustments. Also in 2014, the CRA concluded its audit for 2010 through 2012 and issued a letter to us indicating proposed transfer pricing adjustments, and we paid a $612 assessment. We provided notice to the U.S. Competent Authority and the CRA provided notice to the Canada Competent Authority of the likely need for their assistance to resolve the adjustments for 2007 through 2012. Accordingly, as of December 31, 2016, we recorded a non-current receivable of approximately $1,449 associated with the anticipated resolution of the adjustments by the Competent Authority of each country. In the fourth quarter of 2016, the CRA commenced its audit of our Canadian income tax returns for 2014 through May 2015.

We are no longer subject to Chinese federal income tax examinations by the China State Administration of Taxation ("China SAT") for years before 2011. We are no longer subject to Mexican federal income tax examinations by the Servicio de Administracion Tributaria (“Mexico SAT”) for years before 2010. We work with the IRS, the CRA, the China SAT and the Mexico SAT to resolve proposed audit adjustments and to minimize the amount of adjustments. We do not anticipate that any potential tax adjustments will have a significant impact on our financial position or results of operations.

We reasonably expect reductions in the liability for unrecognized tax benefits of approximately $4,160 within the next 12 months because of the expiration of statutes of limitations and settlements of tax audits.

As of December 31, 2016, we had approximately $291,387 of undistributed earnings of our international subsidiaries. We intend to continue to reinvest earnings outside the United States for the foreseeable future and, therefore, have not recognized any U.S. tax expense on these earnings. It is not practicable for us to determine the amount of unrecognized U.S. tax expense on these reinvested international earnings.

Investments in Partnerships Qualifying for Tax Credits

In 2016, we continued to invest in partnerships which make equity investments in projects eligible to receive federal historic and energy tax credits. The investments are accounted for under the equity method and reported within other assets in our Consolidated Balance Sheets. The tax credits, when realized, are recognized as a reduction of tax expense, at which time the corresponding equity investment is written-down to reflect the remaining value of the future benefits to be realized. For the years ended December 31, 2016 and 2015, we recognized investment tax credits and related outside basis difference benefit totaling $52,342 and $43,437, respectively, and we wrote-down the equity investment by $43,482 and $39,489, respectively, to reflect the realization of these benefits. The equity investment write-down is reflected within other (income) expense, net in the Consolidated Statements of Income.

PENSION AND OTHER POST-RETIREMENT BENEFIT PLANS

12 Months Ended

Dec. 31, 2016

Compensation and Retirement Disclosure [Abstract]

Pension and Other Post-Retirement Benefit Plans

PENSION AND OTHER POST-RETIREMENT BENEFIT PLANS

We sponsor a number of defined benefit pension plans. The primary plans are The Hershey Company Retirement Plan and The Hershey Company Retirement Plan for Hourly Employees. These are cash balance plans that provide pension benefits for most domestic employees hired prior to January 1, 2007. We also sponsor two post-retirement benefit plans: health care and life insurance. The health care plan is contributory, with participants’ contributions adjusted annually. The life insurance plan is non-contributory.

Obligations and Funded Status

A summary of the changes in benefit obligations, plan assets and funded status of these plans is as follows:



	Pension Benefits						Other Benefits
December 31,	2016			2015			2016			2015
Change in benefit obligation
Projected benefit obligation at beginning of year	$	1,169,424		$	1,260,895		$	255,617		$	294,064
Service cost	23,075			28,300			299			542
Interest cost	41,875			44,179			9,731			10,187
Plan amendments	(43,065		)	67			—			—
Actuarial (gain) loss	15,804			(51,064		)	(2,998		)	(26,887		)
Curtailment	—			(2,693		)	—			292
Settlement	(59,784		)	(57,193		)	—			—
Divestiture	—			(4,047		)	—			—
Currency translation and other	1,416			(11,456		)	314			(2,206		)
Benefits paid	(30,427		)	(37,564		)	(20,117		)	(20,375		)
Projected benefit obligation at end of year	1,118,318			1,169,424			242,846			255,617
Change in plan assets
Fair value of plan assets at beginning of year	1,041,902			1,136,943			—			—
Actual return on plan assets	49,012			(19,804		)	—			—
Employer contributions	21,580			32,898			20,117			20,375
Settlement	(59,784		)	(57,193		)	—			—
Divestiture	—			(2,485		)	—			—
Currency translation and other	1,393			(10,893		)	—			—
Benefits paid	(30,427		)	(37,564		)	(20,117		)	(20,375		)
Fair value of plan assets at end of year	1,023,676			1,041,902			—			—
Funded status at end of year	$	(94,642	)	$	(127,522	)	$	(242,846	)	$	(255,617	)

Amounts recognized in the Consolidated Balance Sheets:
Other assets	$	39		$	—		$	—		$	—
Accrued liabilities	(28,994		)	(4,841		)	(22,576		)	(24,205		)
Other long-term liabilities	(65,687		)	(122,681		)	(220,270		)	(231,412		)
Total	$	(94,642	)	$	(127,522	)	$	(242,846	)	$	(255,617	)

Amounts recognized in Accumulated Other Comprehensive Income (Loss), net of tax:
Actuarial net (loss) gain	$	(243,228	)	$	(264,570	)	$	9,264		$	7,574
Net prior service credit (cost)	28,360			4,267			(1,565		)	(1,919		)
Net amounts recognized in AOCI	$	(214,868	)	$	(260,303	)	$	7,699		$	5,655

The accumulated benefit obligation for all defined benefit pension plans was $1,081,261 as of December 31, 2016 and $1,129,052 as of December 31, 2015.

Plans with accumulated benefit obligations in excess of plan assets were as follows:



December 31,	2016		2015
Projected benefit obligation	$	1,118,294	$	1,110,232
Accumulated benefit obligation	1,081,254		1,081,002
Fair value of plan assets	1,023,613		985,111

Net Periodic Benefit Cost

The components of net periodic benefit cost were as follows:



	Pension Benefits									Other Benefits
For the years ended December 31,	2016			2015			2014			2016			2015			2014
Amounts recognized in net periodic benefit cost
Service cost	$	23,075		$	28,300		$	26,935		$	299		$	542		$	706
Interest cost	41,875			44,179			48,886			9,731			10,187			11,696
Expected return on plan assets	(58,820		)	(68,830		)	(74,080		)	—			—			—
Amortization of prior service (credit) cost	(1,555		)	(1,178		)	(667		)	575			611			616
Amortization of net loss (gain)	34,940			30,510			23,360			(13		)	(57		)	(141		)
Curtailment credit	—			(688		)	—			—			204			—
Settlement loss	22,657			23,067			—			—			—			—
Total net periodic benefit cost	$	62,172		$	55,360		$	24,434		$	10,592		$	11,487		$	12,877

Change in plan assets and benefit obligations recognized in AOCI, pre-tax
Actuarial net (gain) loss	$	(31,772	)	$	(21,554	)	$	99,136		$	(3,047	)	$	(26,270	)	$	36,021
Prior service (credit) cost	(41,517		)	1,748			833			(572		)	(834		)	(629		)
Total recognized in other comprehensive (income) loss, pre-tax	$	(73,289	)	$	(19,806	)	$	99,969		$	(3,619	)	$	(27,104	)	$	35,392
Net amounts recognized in periodic benefit cost and AOCI	$	(11,117	)	$	35,554		$	124,403		$	6,973		$	(15,617	)	$	48,269

Amounts expected to be amortized from AOCI into net periodic benefit cost during 2017 are as follows:



	Pension Plans			Post-Retirement Benefit Plans
Amortization of net actuarial loss (gain)	$	33,567		$	(1	)
Amortization of prior service (credit) cost	$	(5,822	)	$	747

Assumptions

The weighted-average assumptions used in computing the benefit obligations were as follows:



	Pension Benefits				Other Benefits
December 31,	2016		2015		2016		2015
Discount rate	3.8	%	4.0	%	3.8	%	4.0	%
Rate of increase in compensation levels	3.8	%	3.8	%	N/A		N/A

The weighted-average assumptions used in computing net periodic benefit cost were as follows:



	Pension Benefits						Other Benefits
For the years ended December 31,	2016		2015		2014		2016		2015		2014
Discount rate	4.0	%	3.7	%	4.5	%	4.0	%	3.7	%	4.5	%
Expected long-term return on plan assets	6.1	%	6.3	%	7.0	%	N/A		N/A		N/A
Rate of compensation increase	3.8	%	4.1	%	4.0	%	N/A		N/A		N/A

The Company’s discount rate assumption is determined by developing a yield curve based on high quality corporate bonds with maturities matching the plans’ expected benefit payment streams. The plans’ expected cash flows are then discounted by the resulting year-by-year spot rates. We base the asset return assumption on current and expected asset allocations, as well as historical and expected returns on the plan asset categories.

For purposes of measuring our post-retirement benefit obligation at December 31, 2016, we assumed a 7.0% annual rate of increase in the per capita cost of covered health care benefits for 2017, grading down to 5.0% by 2021. For measurement purposes as of December 31, 2015, we assumed a 6.5% pre-65 and a 7.3% post-65 annual rate of increase in the per capita cost of covered health care benefits for 2016, grading down to 5.0% by 2019. Assumed health care cost trend rates could have a significant effect on the amounts reported for the post-retirement health care plans. A one-percentage point change in assumed health care cost trend rates would have the following effects:



Impact of assumed health care cost trend rates	One-Percentage Point Increase		One-Percentage Point Decrease
Effect on total service and interest cost components	$	151	$	(132	)
Effect on accumulated post-retirement benefit obligation	3,858		(3,373		)

The valuations and assumptions reflect adoption of the Society of Actuaries updated RP-2014 mortality tables with MP-2016 generational projection scales, which we adopted as of December 31, 2016. Adoption of the updated scale did not have a significant impact on our current pension obligations or net period benefit cost since our primary plans are cash balance plans and most participants take lump-sum settlements upon retirement.

Plan Assets

We broadly diversify our pension plan assets across public equity, fixed income, diversified credit strategies and diversified alternative strategies asset classes. Our target asset allocation for our major domestic pension plans as of December 31, 2016 was as follows:



Asset Class		Target Asset Allocation
Cash		1%
Equity securities		25%
Fixed income securities		49%
Alternative investments, including real estate, listed infrastructure and other		25%

As of December 31, 2016, actual allocations were consistent with the targets and within our allowable ranges. We expect the level of volatility in pension plan asset returns to be in line with the overall volatility of the markets within each asset class.

The following table sets forth by level, within the fair value hierarchy (as defined in Note 6), pension plan assets at their fair values as of December 31, 2016:



	Quoted prices in active markets of identical assets (Level 1)		Significant other observable inputs (Level 2)		Significant other unobservable inputs (Level 3)		Total
Cash and cash equivalents	$	576	$	9,540	$	—	$	10,116
Equity securities:
Global all-cap (a)	20,216		242,214		—		262,430
Fixed income securities:
U.S. government/agency	—		228,648		—		228,648
Corporate bonds (b)	—		199,634		—		199,634
Collateralized obligations (c)	—		50,532		—		50,532
International government/corporate bonds (d)	—		30,928		—		30,928
Alternative investments:
Global diversified assets (e)	—		146,975		—		146,975
Global real estate investment trusts (f)	—		48,000		—		48,000
Global infrastructure (g)	—		46,413		—		46,413
Total pension plan assets	$	20,792	$	1,002,884	$	—	$	1,023,676

The following table sets forth by level, within the fair value hierarchy, pension plan assets at their fair values as of December 31, 2015:



	Quoted prices in active markets of identical assets (Level 1)		Significant other observable inputs(Level 2)		Significant other unobservable inputs (Level 3)		Total
Cash and cash equivalents	$	1,763	$	30,389	$	—	$	32,152
Equity securities:
U.S. all-cap (h)	—		138,367		—		138,367
International all-cap (i)	108,862		3,118		—		111,980
Global all-cap (a)	73,157		196,063		—		269,220
Fixed income securities:
U.S. government/agency	117,378		120,136		—		237,514
Corporate bonds (b)	101,476		37,748		—		139,224
Collateralized obligations (c)	32,532		8,157		—		40,689
International government/corporate bonds (d)	31,917		40,839		—		72,756
Total pension plan assets	$	467,085	$	574,817	$	—	$	1,041,902



(a)	This category comprises equity funds that primarily track the MSCI World Index or MSCI All Country World Index.
(b)	This category comprises fixed income funds primarily invested in investment grade and high yield bonds.
(c)	This category comprises fixed income funds primarily invested in high quality mortgage-backed securities and other asset-backed obligations.
(d)	This category comprises fixed income funds primarily invested in Canadian and other international bonds.
(e)	This category comprises diversified funds invested across alternative asset classes.
(f)	This category comprises equity funds primarily invested in publicly traded real estate securities.
(g)	This category comprises equity funds primarily invested in publicly traded listed infrastructure securities.
(h)	This category comprises equity funds that track the Russell 3000 index.
(i)	This category comprises equity funds that track the MSCI World Ex-US index.

The fair value of the Level 1 assets was based on quoted prices in active markets for the identical assets. The fair value of the Level 2 assets was determined by management based on an assessment of valuations provided by asset management entities and was calculated by aggregating market prices for all underlying securities.

Investment objectives for our domestic plan assets are:



l	To ensure high correlation between the value of plan assets and liabilities;
l	To maintain careful control of the risk level within each asset class; and
l	To focus on a long-term return objective.

We believe that there are no significant concentrations of risk within our plan assets as of December 31, 2016. We comply with the rules and regulations promulgated under the Employee Retirement Income Security Act of 1974 (“ERISA”) and we prohibit investments and investment strategies not allowed by ERISA. We do not permit direct purchases of our Company’s securities or the use of derivatives for the purpose of speculation. We invest the assets of non-domestic plans in compliance with laws and regulations applicable to those plans.

Cash Flows and Plan Termination

Our policy is to fund domestic pension liabilities in accordance with the limits imposed by the ERISA, federal income tax laws and the funding requirements of the Pension Protection Act of 2006. We fund non-domestic pension liabilities in accordance with laws and regulations applicable to those plans.

We made total contributions to the pension plans of $21,580 during 2016, including contributions of $18,000 to maintain the funded status of our domestic plans. In 2015, we made total contributions of $32,898 to the pension plans. For 2017, minimum funding requirements for our pension plans are approximately $1,158.

Total benefit payments expected to be paid to plan participants, including pension benefits funded from the plans and other benefits funded from Company assets, are as follows:



	Expected Benefit Payments
	2017		2018		2019		2020		2021		2022-2026
Pension Benefits	$	96,972	$	69,299	$	73,438	$	78,863	$	79,714	$	423,587
Other Benefits	22,593		20,546		18,813		17,642		16,698		71,616

During the third quarter of 2016, the Company’s Board Compensation and Executive Organization Committee approved the termination of the Hershey Company Puerto Rico Hourly Pension Plan with an effective date of December 31, 2016. It is expected to take 15 to 18 months from the date of the approved amendment to complete the termination of this plan. The net pension liability for this plan of $5,082 as of December 31, 2016 will be settled through either lump sum payments or purchased annuities.

Multiemployer Pension Plan

During 2016, we exited a facility as part of the 2016 Operational Optimization Program (see Note 7) and no longer participate in the BCTGM Union and Industry Canadian Pension Plan, a trustee-managed multiemployer defined benefit pension plan. Our obligation during the term of the collective bargaining agreement was limited to remitting the required contributions to the plan and contributions made were not significant during 2014 through 2016.

Savings Plans

The Company sponsors several defined contribution plans to provide retirement benefits to employees. Contributions to The Hershey Company 401(k) Plan and similar plans for non-domestic employees are based on a portion of eligible pay up to a defined maximum. All matching contributions were made in cash. Expense associated with the defined contribution plans was $43,545 in 2016, $44,285 in 2015 and $46,064 in 2014.

STOCK COMPENSATION PLANS

12 Months Ended

Dec. 31, 2016

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

Stock Compensation Plans

STOCK COMPENSATION PLANS

Share-based grants for compensation and incentive purposes are made pursuant to the Equity and Incentive Compensation Plan (“EICP”). The EICP provides for grants of one or more of the following stock-based compensation awards to employees, non-employee directors and certain service providers upon whom the successful conduct of our business is dependent:



l	Non-qualified stock options (“stock options”);
l	Performance stock units (“PSUs”) and performance stock;
l	Stock appreciation rights;
l	Restricted stock units (“RSUs”) and restricted stock; and
l	Other stock-based awards.

As of December 31, 2016, 68.5 million shares were authorized and approved by our stockholders for grants under the EICP. The EICP also provides for the deferral of stock-based compensation awards by participants if approved by the Compensation and Executive Organization Committee of our Board and if in accordance with an applicable deferred compensation plan of the Company. Currently, the Compensation and Executive Organization Committee has authorized the deferral of PSU and RSU awards by certain eligible employees under the Company’s Deferred Compensation Plan. Our Board has authorized our non-employee directors to defer any portion of their cash retainer, committee chair fees and RSUs awarded after 2007 that they elect to convert into deferred stock units under our Directors’ Compensation Plan.

At the time stock options are exercised or RSUs and PSUs become payable, common stock is issued from our accumulated treasury shares. Dividend equivalents are credited on RSUs on the same date and at the same rate as dividends are paid on Hershey’s common stock. These dividend equivalents are charged to retained earnings.

For the periods presented, compensation expense for all types of stock-based compensation programs and the related income tax benefit recognized were as follows:



For the years ended December 31,	2016		2015		2014
Pre-tax compensation expense	$	54,785	$	51,533	$	54,068
Related income tax benefit	17,148		17,109		18,653

Compensation costs for stock compensation plans are primarily included in selling, marketing and administrative expense. As of December 31, 2016, total stock-based compensation cost related to non-vested awards not yet recognized was $60,963 and the weighted-average period over which this amount is expected to be recognized was approximately 2.2 years.

Stock Options

The exercise price of each stock option awarded under the EICP equals the closing price of our Common Stock on the New York Stock Exchange on the date of grant. Each stock option has a maximum term of 10 years. Grants of stock options provide for pro-rated vesting, typically over a four year period. Expense for stock options is based on grant date fair value and recognized on a straight-line method over the vesting period.

A summary of activity relating to grants of stock options for the year ended December 31, 2016 is as follows:



Stock Options	Shares		Weighted-Average Exercise Price (per share)	Weighted-Average Remaining Contractual Term	Aggregate Intrinsic Value
Outstanding at beginning of the period	6,842,563		$75.48	5.8 years
Granted	1,356,440		$90.73
Exercised	(1,762,827	)	$58.72
Forfeited	(244,168	)	$98.72
Outstanding as of December 31, 2016	6,192,008		$82.67	6.2 years	$	121,202
Options exercisable as of December 31, 2016	3,498,601		$72.15	4.6 years	$	103,865

The weighted-average fair value of options granted was $11.46, $18.99 and $21.50 per share in 2016, 2015 and 2014, respectively. The fair value was estimated on the date of grant using a Black-Scholes option-pricing model and the following weighted-average assumptions:



For the years ended December 31,	2016		2015		2014
Dividend yields	2.4	%	2.1	%	2.0	%
Expected volatility	16.8	%	20.7	%	22.3	%
Risk-free interest rates	1.5	%	1.9	%	2.1	%
Expected term in years	6.8		6.7		6.7



l	“Dividend yields” means the sum of dividends declared for the four most recent quarterly periods, divided by the average price of our Common Stock for the comparable periods;
l	“Expected volatility” means the historical volatility of our Common Stock over the expected term of each grant;
l	“Risk-free interest rates” means the U.S. Treasury yield curve rate in effect at the time of grant for periods within the contractual life of the stock option; and
l	“Expected term” means the period of time that stock options granted are expected to be outstanding based primarily on historical data.

The total intrinsic value of options exercised was $73,944, $66,161 and $133,948 in 2016, 2015 and 2014, respectively.

As of December 31, 2016, there was $16,372 of total unrecognized compensation cost related to non-vested stock option awards granted under the EICP, which we expect to recognize over a weighted-average period of 2.4 years.

The following table summarizes information about stock options outstanding as of December 31, 2016:



	Options Outstanding			Options Exercisable
Range of Exercise Prices	Number Outstanding as of 12/31/16	Weighted- Average Remaining Contractual Life in Years	Weighted- Average Exercise Price	Number Exercisable as of 12/31/16	Weighted- Average Exercise Price
$33.40 - $60.68	1,825,259	3.5	$51.27	1,825,259	$51.27
$60.69 - $90.39	2,208,766	7.5	$86.58	730,253	$81.66
$90.40 - $111.76	2,157,983	7.1	$105.22	943,089	$105.20
$33.40 - $111.76	6,192,008	6.2	$82.67	3,498,601	$72.15

Performance Stock Units and Restricted Stock Units

Under the EICP, we grant PSUs to selected executives and other key employees. Vesting is contingent upon the achievement of certain performance objectives. We grant PSUs over 3-year performance cycles. If we meet targets for financial measures at the end of the applicable 3-year performance cycle, we award a resulting number of shares of our Common Stock to the participants. For PSUs granted, the target award is a combination of a market-based total shareholder return and performance-based components. The performance scores for 2014 through 2016 grants of PSUs can range from 0% to 250% of the targeted amounts.

We recognize the compensation cost associated with PSUs ratably over the 3-year term. Compensation cost is based on the grant date fair value because the grants can only be settled in shares of our Common Stock. The grant date fair value of PSUs is determined based on the Monte Carlo simulation model for the market-based total shareholder return component and the closing market price of the Company’s Common Stock on the date of grant for performance-based components.

In 2016, 2015 and 2014, we awarded RSUs to certain executive officers and other key employees under the EICP. We also awarded RSUs quarterly to non-employee directors.

We recognize the compensation cost associated with employee RSUs over a specified award vesting period based on the grant date fair value or year-end market value of our Common Stock. We recognize expense for employee RSUs based on the straight-line method. We recognize the compensation cost associated with non-employee director RSUs ratably over the vesting period.

A summary of activity relating to grants of PSUs and RSUs for the period ended December 31, 2016 is as follows:



Performance Stock Units and Restricted Stock Units	Number of units		Weighted-average grant date fair value for equity awards (per unit)
Outstanding at beginning of year	495,207		$106.40
Granted	545,750		$93.55
Performance assumption change	79,889		$92.43
Vested	(239,270	)	$94.59
Forfeited	(53,348	)	$98.93
Outstanding at end of year	828,228		$102.66

The table above excludes PSU awards for 6,410 units as of December 31, 2016 and 20,586 units as of December 31, 2015 for which the measurement date has not yet occurred for accounting purposes.

The following table sets forth information about the fair value of the PSUs and RSUs granted for potential future distribution to employees and non-employee directors. In addition, the table provides assumptions used to determine the fair value of the market-based total shareholder return component using the Monte Carlo simulation model on the date of grant.



For the years ended December 31,	2016			2015			2014
Units granted	545,750			381,407			331,788
Weighted-average fair value at date of grant	$	93.55		$	104.68		$	115.57
Monte Carlo simulation assumptions:
Estimated values	$	38.02		$	61.22		$	80.95
Dividend yields	2.5		%	2.0		%	1.8		%
Expected volatility	17.0		%	14.9		%	15.5		%



l	“Estimated values” means the fair value for the market-based total shareholder return component of each PSU at the date of grant using a Monte Carlo simulation model;
l	“Dividend yields” means the sum of dividends declared for the four most recent quarterly periods, divided by the average price of our Common Stock for the comparable periods;
l	“Expected volatility” means the historical volatility of our Common Stock over the expected term of each grant.

The fair value of shares vested totaled $22,062, $46,113 and $57,360 in 2016, 2015 and 2014, respectively.

Deferred PSUs, deferred RSUs and deferred stock units representing directors’ fees totaled 483,465 units as of December 31, 2016. Each unit is equivalent to one share of the Company’s Common Stock.

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

+ References + Details

SEGMENT INFORMATION

12 Months Ended

Dec. 31, 2016

Segment Reporting [Abstract]

Segment Information

SEGMENT INFORMATION

Our organizational structure is designed to ensure continued focus on North America, coupled with an emphasis on profitable growth in our focus international markets. Our business is organized around geographic regions, which enables us to build processes for repeatable success in our global markets. As a result, we have defined our operating segments on a geographic basis, as this aligns with how our Chief Operating Decision Maker (“CODM”) manages our business, including resource allocation and performance assessment. Our North America business, which generates approximately 88% of our consolidated revenue, is our only reportable segment. None of our other operating segments meet the quantitative thresholds to qualify as reportable segments; therefore, these operating segments are combined and disclosed below as International and Other.


•	North America - This segment is responsible for our traditional chocolate and non-chocolate confectionery market position, as well as our grocery and growing snacks market positions, in the United States and Canada. This includes developing and growing our business in chocolate and non-chocolate confectionery, pantry, food service and other snacking product lines.

•

International and Other - International and Other is a combination of all other operating segments that are not individually material, including those geographic regions where we operate outside of North America. We currently have operations and manufacture product in China, Mexico, Brazil, India and Malaysia, primarily for consumers in these regions, and also distribute and sell confectionery products in export markets of Asia, Latin America, Middle East, Europe, Africa and other regions. This segment also includes our global retail operations, including Hershey's Chocolate World stores in Hershey, Pennsylvania, New York City, Las Vegas, Shanghai, Niagara Falls (Ontario), Dubai, and Singapore, as well as operations associated with licensing the use of certain of the Company's trademarks and products to third parties around the world.

For segment reporting purposes, we use “segment income” to evaluate segment performance and allocate resources. Segment income excludes unallocated general corporate administrative expenses, unallocated mark-to-market gains and losses on commodity derivatives, business realignment and impairment charges, acquisition integration costs, the non-service related portion of pension expense and other unusual gains or losses that are not part of our measurement of segment performance. These items of our operating income are managed centrally at the corporate level and are excluded from the measure of segment income reviewed by the CODM as well the measure of segment performance used for incentive compensation purposes.

Accounting policies associated with our operating segments are generally the same as those described in Note 1.

Certain manufacturing, warehousing, distribution and other activities supporting our global operations are integrated to maximize efficiency and productivity. As a result, assets and capital expenditures are not managed on a segment basis and are not included in the information reported to the CODM for the purpose of evaluating performance or allocating resources. We disclose depreciation and amortization that is generated by segment-specific assets, since these amounts are included within the measure of segment income reported to the CODM.

Our segment net sales and earnings were as follows:



For the years ended December 31,	2016			2015			2014
Net sales:
North America	$	6,532,988		$	6,468,158		$	6,352,729
International and Other	907,193			918,468			1,069,039
Total	$	7,440,181		$	7,386,626		$	7,421,768

Segment income (loss):
North America	$	2,040,995		$	2,073,967		$	1,916,207
International and Other	(29,139		)	(98,067		)	40,004
Total segment income	2,011,856			1,975,900			1,956,211
Unallocated corporate expense (1)	497,423			497,386			503,234
Unallocated mark-to-market losses on commodity derivatives (2)	163,238			—			—
Goodwill and other intangible asset impairment charges	4,204			280,802			15,900
Costs associated with business realignment activities	107,571			120,975			34,290
Non-service related pension expense (income)	27,157			18,079			(1,834		)
Acquisition and integration costs	6,480			20,899			12,360
Operating profit	1,205,783			1,037,759			1,392,261
Interest expense, net	90,143			105,773			83,532
Other (income) expense, net	16,159			30,139			2,686
Income before income taxes	$	1,099,481		$	901,847		$	1,306,043

(1)

Includes centrally-managed (a) corporate functional costs relating to legal, treasury, finance, and human resources, (b) expenses associated with the oversight and administration of our global operations, including warehousing, distribution and manufacturing, information systems and global shared services, (c) non-cash stock-based compensation expense, and (d) other gains or losses that are not integral to segment performance.


(2)	Reflects gains and losses on commodity derivative instruments that are excluded from segment income until the related inventory is sold. See Note 5.

Activity within the unallocated mark-to-market (gains) losses on commodity derivatives for the year ended December 31, 2016 included:



For the year ended December 31,	2016
Net losses on mark-to-market valuation of unallocated commodity derivative positions	$	171,753
Net losses on commodity derivative positions allocated to segment income	8,515
Net losses on mark-to-market valuation of commodity derivative positions remaining in unallocated derivative (gains) losses	$	163,238

Based on our forecasts of the timing of the recognition of the underlying hedged items, we expect to reclassify net pretax losses on commodity derivatives of $88.3 million to segment operating results in the next twelve months.

Depreciation and amortization expense included within segment income presented above is as follows:



For the years ended December 31,	2016		2015		2014
North America	$	162,211	$	153,185	$	146,475
International and Other	50,753		46,342		28,463
Corporate (1)	88,873		45,401		36,594
Total	$	301,837	$	244,928	$	211,532


(1)	Corporate includes non-cash asset-related accelerated depreciation and amortization related to business realignment activities, as discussed in Note 7. Such amounts are not included within our measure of segment income.

Additional geographic information is as follows:



	2016		2015		2014
Net sales:
United States	$	6,196,723	$	6,116,490	$	5,996,564
Other	1,243,458		1,270,136		1,425,204
Total	$	7,440,181	$	7,386,626	$	7,421,768

Long-lived assets:
United States	$	1,528,255	$	1,528,723	$	1,477,455
Other	648,993		711,737		674,446
Total	$	2,177,248	$	2,240,460	$	2,151,901

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 33
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8971-108599

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 12
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+ Details

EQUITY AND NONCONTROLLING INTERESTS

12 Months Ended

Dec. 31, 2016

Equity [Abstract]

Equity and Noncontrolling Interests

EQUITY AND NONCONTROLLING INTERESTS

We had 1,055,000,000 authorized shares of capital stock as of December 31, 2016. Of this total, 900,000,000 shares were designated as Common Stock, 150,000,000 shares were designated as Class B Stock and 5,000,000 shares were designated as Preferred Stock. Each class has a par value of one dollar per share.

Changes in the outstanding shares of Common Stock for the past three years were as follows:



For the years ended December 31,	2016		2015		2014
Shares issued	359,901,744		359,901,744		359,901,744
Treasury shares at beginning of year	(143,124,384	)	(138,856,786	)	(136,007,023	)
Stock repurchases:
Repurchase programs	(4,640,964	)	(4,209,112	)	(2,135,268	)
Stock-based compensation programs	(1,820,766	)	(1,776,838	)	(3,676,513	)
Stock issuances:
Stock-based compensation programs	1,944,105		1,718,352		2,962,018
Treasury shares at end of year	(147,642,009	)	(143,124,384	)	(138,856,786	)
Net shares outstanding at end of year	212,259,735		216,777,360		221,044,958

Holders of the Common Stock and the Class B Stock generally vote together without regard to class on matters submitted to stockholders, including the election of directors. The holders of Common Stock have 1 vote per share and the holders of Class B Stock have 10 votes per share. However, the Common Stock holders, voting separately as a class, are entitled to elect one-sixth of the Board. With respect to dividend rights, the Common Stock holders are entitled to cash dividends 10% higher than those declared and paid on the Class B Stock.

Class B Stock can be converted into Common Stock on a share-for-share basis at any time. During 2016 and 2015, no shares of Class B Stock were converted into Common Stock. During 2014, 440 shares were converted.

Hershey Trust Company

Hershey Trust Company, as trustee for the benefit of Milton Hershey School and as direct owner of investment shares, held 12,903,021 shares of our Common Stock as of December 31, 2016. As trustee for the benefit of Milton Hershey School, Hershey Trust Company held 60,612,012 shares of the Class B Stock as of December 31, 2016, and was entitled to cast approximately 80% of all of the votes entitled to be cast on matters requiring the vote of both classes of our common stock voting together. Hershey Trust Company, as trustee for the benefit of Milton Hershey School, or any successor trustee, or Milton Hershey School, as appropriate, must approve any issuance of shares of Common Stock or other action that would result in it not continuing to have voting control of our Company.

Noncontrolling Interests in Subsidiaries

We currently own a 50% controlling interest in Lotte Shanghai Foods Co., Ltd. (“LSFC”), a joint venture established in 2007 in China for the purpose of manufacturing and selling product to the venture partners.

A roll-forward showing the 2016 activity relating to the noncontrolling interest follows:



	Noncontrolling Interests
Balance, December 31, 2015	$	49,465
Net loss attributable to noncontrolling interests (1)	(3,970		)
Other comprehensive loss - foreign currency translation adjustments	(3,664		)
Balance, December 31, 2016	$	41,831

(1) Amounts are not considered significant and are presented within selling, marketing and administrative expenses.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

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+ Details

COMMITMENTS AND CONTINGENCIES

12 Months Ended

Dec. 31, 2016

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

COMMITMENTS AND CONTINGENCIES

We enter into certain obligations for the purchase of raw materials. These obligations are primarily in the form of forward contracts for the purchase of raw materials from third-party brokers and dealers. These contracts minimize the effect of future price fluctuations by fixing the price of part or all of these purchase obligations. Total obligations consisted of fixed price contracts for the purchase of commodities and unpriced contracts that were valued using market prices as of December 31, 2016.

The cost of commodities associated with the unpriced contracts is variable as market prices change over future periods. We mitigate the variability of these costs to the extent that we have entered into commodities futures contracts or other commodity derivative instruments to hedge our costs for those periods. Increases or decreases in market prices are offset by gains or losses on commodities futures contracts or other commodity derivative instruments. Taking delivery of and making payments for the specific commodities for use in the manufacture of finished goods satisfies our obligations under the forward purchase contracts. For each of the three years in the period ended December 31, 2016, we satisfied these obligations by taking delivery of and making payment for the specific commodities.

As of December 31, 2016, we had entered into agreements for the purchase of raw materials with various suppliers. Subject to meeting our quality standards, the purchase obligations covered by these agreements were as follows as of December 31, 2016:



In millions of dollars	2017		2018		2019		2020
Purchase obligations	$	1,282.2	$	240.5	$	36.0	$	—

We also have commitments under various operating lease arrangements. Future minimum payments under lease arrangements with a remaining term in excess of one year were as follows as of December 31, 2016:



In millions of dollars	2017		2018		2019		2020		2021		Thereafter
Future minimum rental payments	$	11.7	$	13.7	$	12.4	$	10.9	$	10.8	$	189.0

Future minimum rental payments reflect commitments under non-cancelable operating leases primarily for offices, retail stores, warehouse and distribution facilities. Total rent expense for the years ended December 31, 2016, 2015 and 2014 was $20,330, $19,754 and $21,423, respectively, including short-term rentals.

Environmental contingencies

We have a number of facilities that contain varying amounts of asbestos in certain locations within the facilities. Our asbestos management program is compliant with current applicable regulations, which require that we handle or dispose of asbestos in a special manner if such facilities undergo major renovations or are demolished. We do not have sufficient information to estimate the fair value of any asset retirement obligations related to these facilities. We cannot specify the settlement date or range of potential settlement dates and, therefore, sufficient information is not available to apply an expected present value technique. We expect to maintain the facilities with repairs and maintenance activities that would not involve or require the removal of significant quantities of asbestos.

Legal contingencies

We are subject to various pending or threatened legal proceedings and claims that arise in the ordinary course of our business. While it is not feasible to predict or determine the outcome of such proceedings and claims with certainty, in our opinion these matters, both individually and in the aggregate, are not expected to have a material effect on our financial condition, results of operations or cash flows.

EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2016

Earnings Per Share [Abstract]

Earnings Per Share

EARNINGS PER SHARE

We compute basic earnings per share for Common Stock and Class B common stock using the two-class method. The Class B common stock is convertible into Common Stock on a share-for-share basis at any time. The computation of diluted earnings per share for Common Stock assumes the conversion of Class B common stock using the if-converted method, while the diluted earnings per share of Class B common stock does not assume the conversion of those shares.

We compute basic and diluted earnings per share based on the weighted-average number of shares of Common Stock and Class B common stock outstanding as follows:



For the years ended December 31,	2016					2015					2014
	Common Stock		Class B Common Stock			Common Stock		Class B Common Stock			Common Stock		Class B Common Stock
Basic earnings per share:
Numerator:
Allocation of distributed earnings (cash dividends paid)	$	367,081	$	132,394		$	352,953	$	123,179		$	328,752	$	111,662
Allocation of undistributed earnings	162,299		58,270			27,324		9,495			303,801		102,697
Total earnings—basic	$	529,380	$	190,664		$	380,277	$	132,674		$	632,553	$	214,359

Denominator (shares in thousands):
Total weighted-average shares—basic	153,519		60,620			158,471		60,620			161,935		60,620

Earnings Per Share—basic	$	3.45	$	3.15		$	2.40	$	2.19		$	3.91	$	3.54

Diluted earnings per share:
Numerator:
Allocation of total earnings used in basic computation	$	529,380	$	190,664		$	380,277	$	132,674		$	632,553	$	214,359
Reallocation of total earnings as a result of conversion of Class B common stock to Common stock	190,664		—			132,674		—			214,359		—
Reallocation of undistributed earnings	—		(324		)	—		(69		)	—		(1,071		)
Total earnings—diluted	$	720,044	$	190,340		$	512,951	$	132,605		$	846,912	$	213,288

Denominator (shares in thousands):
Number of shares used in basic computation	153,519		60,620			158,471		60,620			161,935		60,620
Weighted-average effect of dilutive securities:
Conversion of Class B common stock to Common shares outstanding	60,620		—			60,620		—			60,620		—
Employee stock options	964		—			1,335		—			1,920		—
Performance and restricted stock options	201		—			225		—			362		—
Total weighted-average shares—diluted	215,304		60,620			220,651		60,620			224,837		60,620

Earnings Per Share—diluted	$	3.34	$	3.14		$	2.32	$	2.19		$	3.77	$	3.52

The earnings per share calculations for the years ended December 31, 2016, 2015 and 2014 excluded 3,680, 2,660 and 1,510 stock options, respectively, that would have been antidilutive.

OTHER (INCOME) EXPENSE, NET OTHER (INCOME) EXPENSE, NET

12 Months Ended

Dec. 31, 2016

Other Income and Expenses [Abstract]

Other (Income) Expense, Net

Other (income) expense, net reports certain gains and losses associated with activities not directly related to our core operations. A summary of the components of other (income) expense, net is as follows:



For the years ended December 31,	2016			2015			2014
Write-down of equity investments in partnerships qualifying for tax credits	$	43,482		$	39,489		$	—
Settlement of SGM liability (see Note 2)	(26,650		)	—			—
Foreign currency exchange loss relating to strategy to cap SGM acquisition price as denominated in U.S. dollars	—			—			6,722
Gain on acquisition of controlling interest in LSFC	—			—			(4,627		)
Gain on sale of non-core trademark	—			(9,950		)	—
Other (income) expense, net	(673		)	600			591
Total	$	16,159		$	30,139		$	2,686

SUPPLEMENTAL BALANCE SHEET INFORMATION

12 Months Ended

Dec. 31, 2016

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Supplemental Balance Sheet Information

SUPPLEMENTAL BALANCE SHEET INFORMATION

The components of certain Consolidated Balance Sheet accounts are as follows:



December 31,	2016			2015
Inventories:
Raw materials	$	315,239		$	353,451
Goods in process	88,490			67,745
Finished goods	528,587			534,983
Inventories at FIFO	932,316			956,179
Adjustment to LIFO	(186,638		)	(205,209		)
Total inventories	$	745,678		$	750,970

Property, plant and equipment:
Land	$	103,865		$	96,666
Buildings	1,238,634			1,084,958
Machinery and equipment	3,001,552			2,886,723
Construction in progress	230,987			448,956
Property, plant and equipment, gross	4,575,038			4,517,303
Accumulated depreciation	(2,397,790		)	(2,276,843		)
Property, plant and equipment, net	$	2,177,248		$	2,240,460

Other assets:
Capitalized software, net	$	95,301		$	68,004
Income tax receivable	1,449			1,428
Other non-current assets	71,615			85,934
Total other assets	$	168,365		$	155,366

Accrued liabilities:
Payroll, compensation and benefits	$	240,080		$	215,638
Advertising and promotion	358,573			337,945
Due to SGM shareholders	—			72,025
Other	152,333			231,359
Total accrued liabilities	$	750,986		$	856,967

Other long-term liabilities:
Post-retirement benefits liabilities	$	220,270		$	231,412
Pension benefits liabilities	65,687			122,681
Other	114,204			114,625
Total other long-term liabilities	$	400,161		$	468,718

Accumulated other comprehensive loss:
Foreign currency translation adjustments	$	(110,613	)	$	(101,236	)
Pension and post-retirement benefit plans, net of tax	(207,169		)	(254,648		)
Cash flow hedges, net of tax	(58,106		)	(15,141		)
Total accumulated other comprehensive loss	$	(375,888	)	$	(371,025	)

QUARTERLY DATA (Unaudited)

12 Months Ended

Dec. 31, 2016

Quarterly Financial Information Disclosure [Abstract]

Quarterly Data (Unaudited)

QUARTERLY DATA (Unaudited)

Summary quarterly results were as follows:



Year 2016	First		Second		Third		Fourth
Net sales	$	1,828,812	$	1,637,671	$	2,003,454	$	1,970,244
Gross profit	817,376		747,398		850,848		742,269
Net income	229,832		145,956		227,403		116,853
Common stock:
Net income per share—Basic^(a)	1.09		0.70		1.09		0.56
Net income per share—Diluted^(a)	1.06		0.68		1.06		0.55
Dividends paid per share	0.583		0.583		0.618		0.618
Class B common stock:
Net income per share—Basic^(a)	0.99		0.64		0.99		0.51
Net income per share—Diluted^(a)	0.99		0.64		0.99		0.51
Dividends paid per share	0.530		0.530		0.562		0.562
Market price—common stock:
High	93.71		113.49		113.89		104.44
Low	83.32		89.60		94.64		94.63



Year 2015	First		Second			Third^(b)		Fourth^(b)
Net sales	$	1,937,800	$	1,578,825		$	1,960,779	$	1,909,222
Gross profit	900,843		735,408			868,706		877,718
Net income (loss)	244,737		(99,941		)	140,266		227,889
Common stock:
Net income (loss) per share—Basic^(a)	1.14		(0.47		)	0.66		1.08
Net income (loss) per share—Diluted^(a)	1.10		(0.47		)	0.64		1.04
Dividends paid per share	0.535		0.535			0.583		0.583
Class B common stock:
Net income (loss) per share—Basic^(a)	1.04		(0.42		)	0.60		0.98
Net income (loss) per share—Diluted^(a)	1.03		(0.42		)	0.60		0.98
Dividends paid per share	0.486		0.486			0.530		0.530
Market price—common stock:
High	110.78		101.74			94.31		97.07
Low	98.52		87.86			85.13		83.58


(a)	Quarterly income per share amounts do not total to the annual amount due to changes in weighted-average shares outstanding during the year, as well as the impact of excluding dilutive securities in the period in which there was a net loss.

(b)

In 2015, the Company identified a material weakness in its internal control over financial reporting related to hedge accounting compliance for cocoa commodity derivatives. As a result, hedge accounting treatment for cocoa commodity derivatives was disallowed for the third and fourth quarters of 2015; therefore the impact of changes in fair value of the cocoa commodity futures outstanding during these periods should have been recorded within cost of sales as incurred, instead of deferred within AOCI. Such gains (losses) totaled $(23,358) for the third quarter of 2015 and an essentially offsetting amount for the fourth quarter of 2015. The amounts presented above for the third and fourth quarters of 2015 reflect the impact of reclassifying these gains (losses) deferred within AOCI to cost of sales for the respective periods.

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS

12 Months Ended

Dec. 31, 2016

Valuation and Qualifying Accounts [Abstract]

Schedule II - Valuation and Qualifying Accounts

SCHEDULE II—VALUATION AND QUALIFYING ACCOUNTS

For the Years Ended December 31, 2016, 2015 and 2014



			Additions
Description	Balance at Beginning of Period		Charged to Costs and Expenses		Charged to Other Accounts		Deductions from Reserves			Balance at End of Period
In thousands of dollars

For the year ended December 31, 2016
Allowances deducted from assets
Accounts receivable—trade, net (a)	$	32,638	$	174,314	$	—	$	(166,799	)	$	40,153
Valuation allowance on net deferred taxes (b)	207,055		28,430		—		—			235,485
Inventory obsolescence reserve (c)	22,632		30,053		—		(32,642		)	20,043
Total allowances deducted from assets	$	262,325	$	232,797	$	—	$	(199,441	)	$	295,681

For the year ended December 31, 2015
Allowances deducted from assets
Accounts receivable—trade, net (a)	$	15,885	$	172,622	$	—	$	(155,869	)	$	32,638
Valuation allowance on net deferred taxes (b)	147,223		59,832		—		—			207,055
Inventory obsolescence reserve (c)	11,748		32,434		—		(21,550		)	22,632
Total allowances deducted from assets	$	174,856	$	264,888	$	—	$	(177,419	)	$	262,325

For the year ended December 31, 2014
Allowances deducted from assets
Accounts receivable—trade, net (a)	$	14,329	$	153,652	$	—	$	(152,096	)	$	15,885
Valuation allowance on net deferred taxes (b)	87,159		60,064		—		—			147,223
Inventory obsolescence reserve (c)	564		24,660		—		(13,476		)	11,748
Total allowances deducted from assets	$	102,052	$	238,376	$	—	$	(165,572	)	$	174,856

(a) Includes allowances for doubtful accounts, anticipated discounts and write-offs of uncollectible accounts receivable.

(b) Includes adjustments to the valuation allowance for deferred tax assets that we do not expect to realize.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

12 Months Ended

Dec. 31, 2016

Accounting Policies [Abstract]

Basis of Presentation

Use of Estimates

Revenue Recognition

We record sales when all of the following criteria have been met:



l	A valid customer order with a fixed price has been received;
l	The product has been delivered to the customer;
l	There is no further significant obligation to assist in the resale of the product; and
l	Collectability is reasonably assured.

Cost of Sales

Selling, Marketing and Administrative Expense

Cash Equivalents

Short-term Investments

Accounts Receivable - Trade

Accounts Receivable—Trade

Inventories

Property, Plant and Equipment

Computer Software

We review the carrying value of software and development costs for impairment in accordance with our policy pertaining to the impairment of long-lived assets.

Goodwill and Other Intangible Assets

Currency Translation

Derivative Instruments


•	Changes in the fair value of a derivative that is designated as a cash flow hedge are recorded in accumulated other comprehensive income (“AOCI”) to the extent effective and reclassified into earnings in the same period or periods during which the transaction hedged by that derivative also affects earnings.


•	Changes in the fair value of a derivative that is designated as a fair value hedge, along with the offsetting loss or gain on the hedged asset or liability that is attributable to the risk being hedged, are recorded in earnings, thereby reflecting in earnings the net extent to which the hedge is not effective in achieving offsetting changes in fair value.


•	Changes in the fair value of a derivative not designated as a hedging instrument are recognized in earnings in cost of sales or SM&A, consistent with the related exposure.

We do not hold or issue derivative instruments for trading or speculative purposes and are not a party to any instruments with leverage or prepayment features.

Cash flows related to the derivative instruments we use to manage interest, commodity or other currency exposures are classified as operating activities.

Reclassifications

Recent Accounting Pronouncements

No other new accounting pronouncement issued or effective during the fiscal year had or is expected to have a material impact on our consolidated financial statements or disclosures.

BUSINESS ACQUISITIONS AND DIVESTITURES (Tables)

12 Months Ended

Dec. 31, 2016

Ripple Brand Collective, LLC [Member]

Business Acquisition and Divestitures [Line Items]

Summary of Purchase Consideration Allocation to Assets Acquired and Liabilities Assumed

The purchase consideration was allocated to assets acquired and liabilities assumed based on their respective fair values as follows:



Goodwill	$	128,110
Trademarks	91,200
Other intangible assets	60,900
Other assets, primarily current assets, net of cash acquired totaling $674	12,375
Current liabilities	(7,211		)
Net assets acquired	$	285,374

KRAVE Pure Foods, Inc.

Business Acquisition and Divestitures [Line Items]

Summary of Purchase Consideration Allocation to Assets Acquired and Liabilities Assumed

The purchase consideration was allocated to assets acquired and liabilities assumed based on their respective fair values as follows:



Goodwill	$	147,089
Trademarks	112,000
Other intangible assets	17,000
Other assets, primarily current assets, net of cash acquired totaling $1,362	9,465
Current liabilities	(2,756		)
Non-current deferred tax liabilities	(47,344		)
Net assets acquired	$	235,454

Shanghai Golden Monkey Food Joint Stock Co., Ltd.

Business Acquisition and Divestitures [Line Items]

Summary of Purchase Consideration Allocation to Assets Acquired and Liabilities Assumed



	Acquisition date purchase price allocation*
In millions of dollars	At 12/31/14			Adjustments			At 9/26/15
Accounts receivable - trade	$	46		$	(26	)	$	20
Inventories	42			(1		)	41
Other current assets	37			6			43
Property, plant and equipment	112			2			114
Goodwill	235			49			284
Other intangible assets	145			—			145
Other non-current assets	35			(3		)	32
Current liabilities assumed	(54		)	(20		)	(74		)
Short-term debt assumed	(105		)	—			(105		)
Other non-current liabilities assumed, principally deferred taxes	(52		)	(2		)	(54		)
Net assets acquired	$	441					$	446


*	Note that the final opening balance sheet value of goodwill presented in the schedule above differs from total write-off of $280.8 million due to changes in foreign currency exchange rates since the date of acquisition (see Note 3).

GOODWILL AND INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of the Changes in the Carrying Value of Goodwill by Reportable Segment

The changes in the carrying value of goodwill by reportable segment for the years ended December 31, 2016 and 2015 are as follows:



	North America			International and Other			Total
Goodwill	$	538,322		$	336,179		$	874,501
Accumulated impairment loss	(4,973		)	(76,573		)	(81,546		)
Balance at January 1, 2015	533,349			259,606			792,955
Acquired during the period (see Note 2)	147,089			—			147,089
Impairment	—			(280,802		)	(280,802		)
Purchase price allocation adjustments	1,820			46,203			48,023
Foreign currency translation	(20,175		)	(2,838		)	(23,013		)
Balance at December 31, 2015	662,083			22,169			684,252
Acquired during the period (see Note 2)	128,110			—			128,110
Foreign currency translation	1,997			(2,015		)	(18		)
Balance at December 31, 2016	$	792,190		$	20,154		$	812,344

Schedule of Gross Carrying Amount and Accumulated Amortization for Each Major Class of Intangible Asset

The following table provides the gross carrying amount and accumulated amortization for each major class of intangible asset:



December 31,	2016					2015
	Gross Carrying Amount		Accumulated Amortization			Gross Carrying Amount		Accumulated Amortization
Intangible assets subject to amortization:
Trademarks	$	317,023	$	(30,458	)	$	227,511	$	(16,246	)
Customer-related	200,409		(36,482		)	146,532		(26,643		)
Patents	16,426		(13,700		)	16,857		(12,481		)
Total	533,858		(80,640		)	390,900		(55,370		)

Intangible assets not subject to amortization:
Trademarks	39,519					43,775
Total other intangible assets	$	492,737				$	379,305

Summary of Amortization Expense, for the Next Five Years

Amortization expense for the next five years, based on current intangible balances, is estimated to be as follows:



Year ending December 31,	2017		2018		2019		2020		2021
Amortization expense	$	28,780	$	27,240	$	27,133	$	26,894	$	26,862

SHORT AND LONG-TERM DEBT (Tables)

12 Months Ended

Dec. 31, 2016

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

Long-term debt consisted of the following:



December 31,	2016			2015
5.45% Notes due 2016	$	—		$	250,000
1.50% Notes due 2016	—			250,000
1.60% Notes due 2018	300,000			300,000
4.125% Notes due 2020	350,000			350,000
8.8% Debentures due 2021	84,715			84,715
2.625% Notes due 2023	250,000			250,000
3.20% Notes due 2025	300,000			300,000
2.30% Notes due 2026	500,000			—
7.2% Debentures due 2027	193,639			193,639
3.375% Notes due 2046	300,000			—
Lease obligations	83,619			82,747
Net impact of interest rate swaps, debt issuance costs and unamortized debt discounts	(14,275		)	(4,087		)
Total long-term debt	2,347,698			2,057,014
Less—current portion	243			499,923
Long-term portion	$	2,347,455		$	1,557,091

Schedule of Maturities of Long-term Debt

Aggregate annual maturities of long-term debt are as follows for the years ending December 31:



2017	$	243
2018	300,279
2019	367
2020	350,462
2021	85,279
Thereafter	1,611,068

Schedule Of Net Interest Expense

Net interest expense consisted of the following:



For the years ended December 31,	2016			2015			2014
Interest expense	$	97,851		$	93,520		$	93,777
Capitalized interest	(5,903		)	(12,537		)	(6,179		)
Loss on extinguishment of debt	—			28,326			—
Interest expense	91,948			109,309			87,598
Interest income	(1,805		)	(3,536		)	(4,066		)
Interest expense, net	$	90,143		$	105,773		$	83,532

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
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-URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
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-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=64930739&loc=d3e28878-108400

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
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Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
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-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28541-108399

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
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-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28551-108399

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644

+ Details

DERIVATIVE INSTRUMENTS (Tables)

12 Months Ended

Dec. 31, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

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

The following table presents the classification of derivative assets and liabilities within the Consolidated Balance Sheets as of December 31, 2016 and 2015:



December 31,	2016				2015
	Assets (1)		Liabilities (1)		Assets (1)		Liabilities (1)
Derivatives designated as cash flow hedging instruments:
Commodities futures and options (2)	$	—	$	—	$	—	$	479
Foreign exchange contracts	2,229		809		367		475
Interest rate swap agreements	—		—		—		40,299
	2,229		809		367		41,253
Derivatives designated as fair value hedging instruments:
Interest rate swap agreements	1,768		—		4,313		—

Derivatives not designated as hedging instruments:
Commodities futures and options (2)	2,348		10,000		—		1,574
Deferred compensation derivatives	717		—		1,198		—
Foreign exchange contracts	—		16		69		—
	3,065		10,016		1,267		1,574
Total	$	7,062	$	10,825	$	5,947	$	42,827


(1)	Derivatives assets are classified on our balance sheet within prepaid expenses and other as well as other assets. Derivative liabilities are classified on our balance sheet within accrued liabilities and other long-term liabilities.

(2)

Summary of the Effect of Derivative Instruments on the Consolidated Statements of Income

The effect of derivative instruments on the Consolidated Statements of Income for the years ended December 31, 2016 and December 31, 2015 was as follows:



	Non-designated Hedges						Cash Flow Hedges
	Non-designated Hedges						Cash Flow Hedges
	Gains (losses) recognized in income (a)						Gains (losses) recognized in other comprehensive income (“OCI”) (effective portion)						Gains (losses) reclassified from accumulated OCI into income (effective portion) (b)						Gains recognized in income (ineffective portion) (c)

	2016			2015			2016			2015			2016			2015			2016		2015
Commodities futures and options	$	(171,753	)	$	(2,777	)	$	—		$	84,382		$	30,783		$	40,600		$	—	$	987
Foreign exchange contracts	(46		)	487			(5,485		)	(155		)	(5,625		)	956			—		—
Interest rate swap agreements	—			—			(47,223		)	(22,388		)	(8,676		)	(4,922		)	—		—
Deferred compensation derivatives	2,203			173			—			—			—			—			—		—
Total	$	(169,596	)	$	(2,117	)	$	(52,708	)	$	61,839		$	16,482		$	36,634		$	—	$	987


(a)	Gains (losses) recognized in income for non-designated commodities futures and options contracts were included in cost of sales. Gains (losses) recognized in income for non-designated foreign currency forward exchange contracts and deferred compensation derivatives were included in selling, marketing and administrative expenses.

(b)


(c)	Gains representing hedge ineffectiveness were included in cost of sales for commodities futures and options contracts.

FAIR VALUE MEASUREMENTS FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2016

FAIR VALUE MEASUREMENTS [Abstract]

Fair Value Measurements, Nonrecurring [Table Text Block]

The following table presents assets and liabilities that were measured at fair value in the Consolidated Balance Sheet on a recurring basis as of December 31, 2016 and 2015:



	Assets (Liabilities)
	Level 1		Level 2		Level 3		Total
December 31, 2016:
Derivative Instruments:
Assets:
Foreign exchange contracts (1)	$	—	$	2,229	$	—	$	2,229
Interest rate swap agreements (2)	—		1,768		—		1,768
Deferred compensation derivatives (3)	—		717		—		717
Commodities futures and options (4)	2,348		—		—		2,348
Liabilities:
Foreign exchange contracts (1)	—		825		—		825
Interest rate swap agreements (2)	—		—		—		—
Commodities futures and options (4)	10,000		—		—		10,000
December 31, 2015:
Assets:
Foreign exchange contracts (1)	$	—	$	436	$	—	$	436
Interest rate swap agreements (2)	—		4,313		—		4,313
Deferred compensation derivatives (3)	—		1,198		—		1,198
Liabilities:
Foreign exchange contracts (1)	—		475		—		475
Interest rate swap agreements (2)	—		40,299		—		40,299
Commodities futures and options (4)	2,053		—		—		2,053

(1)


(2)	The fair value of interest rate swap agreements represents the difference in the present value of cash flows calculated at the contracted interest rates and at current market interest rates at the end of the period. We calculate the fair value of interest rate swap agreements quarterly based on the quoted market price for the same or similar financial instruments.


(3)	The fair value of deferred compensation derivatives is based on quoted prices for market interest rates and a broad market equity index.


(4)	The fair value of commodities futures and options contracts is based on quoted market prices.

Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block]

The fair values and carrying values of long-term debt, including the current portion, were as follows:



	Fair Value				Carrying Value
At December 31,	2016		2015		2016		2015
Current portion of long-term debt	$	243	$	509,580	$	243	$	499,923
Long-term debt	2,379,054		1,668,379		2,347,455		1,557,091
Total	2,379,297		$	2,177,959	2,347,698		$	2,057,014

BUSINESS REALIGNMENT ACTIVITIES (Tables)

12 Months Ended

Dec. 31, 2016

Restructuring and Related Activities [Abstract]

Summary of Business Realignment And Impairment Charges

Total costs associated with business realignment activities are classified in our Consolidated Statements of Income as follows:



For the years ended December 31,	2016		2015		2014
Cost of sales	$	58,106	$	8,801	$	1,622
Selling, marketing and administrative expense	16,939		17,368		2,947
Business realignment costs	32,526		94,806		29,721
Total costs associated with business realignment activities	$	107,571	$	120,975	$	34,290

Costs recorded in 2016, 2015 and 2014 related to these activities are as follows:



For the years ended December 31,	2016		2015		2014
Operational Optimization Program:
Severance	$	17,872	$	—	$	—
Accelerated depreciation	48,590		—		—
Other program costs	21,831		—		—
2015 Productivity Initiative:
Severance	—		81,290		—
Pension settlement charges	13,669		10,178		—
Other program costs	5,609		14,285		—
Other international restructuring programs:
Severance	—		6,651		2,947
Accelerated depreciation and amortization	—		5,904		—
Mauna Loa Divestiture (see Note 2)	—		2,667		22,256
Project Next Century	—		—		9,087
Total	$	107,571	$	120,975	$	34,290

Summary of Business Realignment Activity

The following table presents the liability activity for employee-related costs qualifying as exit and disposal costs for the year ended December 31, 2016:



	Total
Liability balance at December 31, 2015	$	16,310
2016 business realignment charges (1)	18,857
Cash payments	(31,522		)
Other, net	80
Liability balance at December 31, 2016 (reported within accrued liabilities)	$	3,725

INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2016

Income Tax Disclosure [Abstract]

Schedule of Income (Loss) Before Income Taxes

The components of income (loss) before income taxes are as follows:



For the years ended December 31,	2016			2015			2014
Domestic	$	1,395,440		$	1,357,618		$	1,320,738
Foreign	(295,959		)	(455,771		)	(14,695		)
Income before income taxes	$	1,099,481		$	901,847		$	1,306,043

Schedule of Components of Income Tax Expense (Benefit)

The components of our provision for income taxes are as follows:



For the years ended December 31,	2016			2015			2014
Current:
Federal	$	391,705		$	409,060		$	385,642
State	51,706			47,978			52,331
Foreign	(25,877		)	(29,605		)	2,362
	417,534			427,433			440,335
Deferred:
Federal	(7,706		)	(31,153		)	20,649
State	(452		)	(2,346		)	2,725
Foreign	(29,939		)	(5,038		)	(4,578		)
	(38,097		)	(38,537		)	18,796
Total provision for income taxes	$	379,437		$	388,896		$	459,131

Schedule of Deferred Tax Asset and Liabilities

The significant temporary differences that comprised the deferred tax assets and liabilities are as follows:



December 31,	2016			2015
Deferred tax assets:
Post-retirement benefit obligations	$	90,584		$	95,763
Accrued expenses and other reserves	141,228			163,908
Stock-based compensation	48,500			46,665
Derivative instruments	44,010			8,858
Pension	14,662			28,940
Lease financing obligation	18,950			18,947
Accrued trade promotion reserves	50,463			36,501
Net operating loss carryforwards	143,085			99,155
Capital loss carryforwards	38,691			44,546
Other	14,452			14,444
Gross deferred tax assets	604,625			557,727
Valuation allowance	(235,485		)	(207,055		)
Total deferred tax assets	369,140			350,672
Deferred tax liabilities:
Property, plant and equipment, net	202,300			218,729
Acquired intangibles	113,074			120,420
Inventories	27,608			20,063
Other	8,884			8,258
Total deferred tax liabilities	351,866			367,470
Net deferred tax assets (liabilities)	$	17,274		$	(16,798	)
Included in:
Non-current deferred tax assets, net	56,861			36,390
Non-current deferred tax liabilities, net	(39,587		)	(53,188		)
Net deferred tax assets (liabilities)	$	17,274		$	(16,798	)

Schedule of Effective Income Tax Rate Reconciliation

The following table reconciles the federal statutory income tax rate with our effective income tax rate:



For the years ended December 31,	2016		2015		2014
Federal statutory income tax rate	35.0	%	35.0	%	35.0	%
Increase (reduction) resulting from:
State income taxes, net of Federal income tax benefits	3.4		4.2		3.0
Qualified production income deduction	(3.8	)	(4.4	)	(2.4	)
Business realignment and impairment charges and gain on sale of trademark licensing rights	0.4		10.8		0.7
Foreign rate differences	3.6		2.2		(0.1	)
Historic and solar tax credits	(3.3	)	(3.3	)	—
Other, net	(0.8	)	(1.4	)	(1.0	)
Effective income tax rate	34.5	%	43.1	%	35.2	%

Schedule of Unrecognized Tax Benefits Roll Forward

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:



December 31,	2016			2015
Balance at beginning of year	$	33,411		$	32,230
Additions for tax positions taken during prior years	2,804			1,122
Reductions for tax positions taken during prior years	(4,080		)	(2,112		)
Additions for tax positions taken during the current year	9,100			6,623
Settlements	—			(702		)
Expiration of statutes of limitations	(5,233		)	(3,750		)
Balance at end of year	$	36,002		$	33,411

PENSION AND OTHER POST-RETIREMENT BENEFIT PLANS (Tables)

12 Months Ended

Dec. 31, 2016

Compensation and Retirement Disclosure [Abstract]

Schedule of Defined Benefit Plans

A summary of the changes in benefit obligations, plan assets and funded status of these plans is as follows:



	Pension Benefits						Other Benefits
December 31,	2016			2015			2016			2015
Change in benefit obligation
Projected benefit obligation at beginning of year	$	1,169,424		$	1,260,895		$	255,617		$	294,064
Service cost	23,075			28,300			299			542
Interest cost	41,875			44,179			9,731			10,187
Plan amendments	(43,065		)	67			—			—
Actuarial (gain) loss	15,804			(51,064		)	(2,998		)	(26,887		)
Curtailment	—			(2,693		)	—			292
Settlement	(59,784		)	(57,193		)	—			—
Divestiture	—			(4,047		)	—			—
Currency translation and other	1,416			(11,456		)	314			(2,206		)
Benefits paid	(30,427		)	(37,564		)	(20,117		)	(20,375		)
Projected benefit obligation at end of year	1,118,318			1,169,424			242,846			255,617
Change in plan assets
Fair value of plan assets at beginning of year	1,041,902			1,136,943			—			—
Actual return on plan assets	49,012			(19,804		)	—			—
Employer contributions	21,580			32,898			20,117			20,375
Settlement	(59,784		)	(57,193		)	—			—
Divestiture	—			(2,485		)	—			—
Currency translation and other	1,393			(10,893		)	—			—
Benefits paid	(30,427		)	(37,564		)	(20,117		)	(20,375		)
Fair value of plan assets at end of year	1,023,676			1,041,902			—			—
Funded status at end of year	$	(94,642	)	$	(127,522	)	$	(242,846	)	$	(255,617	)

Amounts recognized in the Consolidated Balance Sheets:
Other assets	$	39		$	—		$	—		$	—
Accrued liabilities	(28,994		)	(4,841		)	(22,576		)	(24,205		)
Other long-term liabilities	(65,687		)	(122,681		)	(220,270		)	(231,412		)
Total	$	(94,642	)	$	(127,522	)	$	(242,846	)	$	(255,617	)

Amounts recognized in Accumulated Other Comprehensive Income (Loss), net of tax:
Actuarial net (loss) gain	$	(243,228	)	$	(264,570	)	$	9,264		$	7,574
Net prior service credit (cost)	28,360			4,267			(1,565		)	(1,919		)
Net amounts recognized in AOCI	$	(214,868	)	$	(260,303	)	$	7,699		$	5,655

Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets

Plans with accumulated benefit obligations in excess of plan assets were as follows:



December 31,	2016		2015
Projected benefit obligation	$	1,118,294	$	1,110,232
Accumulated benefit obligation	1,081,254		1,081,002
Fair value of plan assets	1,023,613		985,111

Summary of Components of Net Periodic Benefit Cost

The components of net periodic benefit cost were as follows:



	Pension Benefits									Other Benefits
For the years ended December 31,	2016			2015			2014			2016			2015			2014
Amounts recognized in net periodic benefit cost
Service cost	$	23,075		$	28,300		$	26,935		$	299		$	542		$	706
Interest cost	41,875			44,179			48,886			9,731			10,187			11,696
Expected return on plan assets	(58,820		)	(68,830		)	(74,080		)	—			—			—
Amortization of prior service (credit) cost	(1,555		)	(1,178		)	(667		)	575			611			616
Amortization of net loss (gain)	34,940			30,510			23,360			(13		)	(57		)	(141		)
Curtailment credit	—			(688		)	—			—			204			—
Settlement loss	22,657			23,067			—			—			—			—
Total net periodic benefit cost	$	62,172		$	55,360		$	24,434		$	10,592		$	11,487		$	12,877

Change in plan assets and benefit obligations recognized in AOCI, pre-tax
Actuarial net (gain) loss	$	(31,772	)	$	(21,554	)	$	99,136		$	(3,047	)	$	(26,270	)	$	36,021
Prior service (credit) cost	(41,517		)	1,748			833			(572		)	(834		)	(629		)
Total recognized in other comprehensive (income) loss, pre-tax	$	(73,289	)	$	(19,806	)	$	99,969		$	(3,619	)	$	(27,104	)	$	35,392
Net amounts recognized in periodic benefit cost and AOCI	$	(11,117	)	$	35,554		$	124,403		$	6,973		$	(15,617	)	$	48,269

Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year

Amounts expected to be amortized from AOCI into net periodic benefit cost during 2017 are as follows:



	Pension Plans			Post-Retirement Benefit Plans
Amortization of net actuarial loss (gain)	$	33,567		$	(1	)
Amortization of prior service (credit) cost	$	(5,822	)	$	747

Summary of Weighted-Average Assumptions Used in Computing the Benefit Obligation

The weighted-average assumptions used in computing the benefit obligations were as follows:



	Pension Benefits				Other Benefits
December 31,	2016		2015		2016		2015
Discount rate	3.8	%	4.0	%	3.8	%	4.0	%
Rate of increase in compensation levels	3.8	%	3.8	%	N/A		N/A

The weighted-average assumptions used in computing net periodic benefit cost were as follows:



	Pension Benefits						Other Benefits
For the years ended December 31,	2016		2015		2014		2016		2015		2014
Discount rate	4.0	%	3.7	%	4.5	%	4.0	%	3.7	%	4.5	%
Expected long-term return on plan assets	6.1	%	6.3	%	7.0	%	N/A		N/A		N/A
Rate of compensation increase	3.8	%	4.1	%	4.0	%	N/A		N/A		N/A

Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates

A one-percentage point change in assumed health care cost trend rates would have the following effects:



Impact of assumed health care cost trend rates	One-Percentage Point Increase		One-Percentage Point Decrease
Effect on total service and interest cost components	$	151	$	(132	)
Effect on accumulated post-retirement benefit obligation	3,858		(3,373		)

Schedule of Allocation of Plan Assets

The following table sets forth by level, within the fair value hierarchy (as defined in Note 6), pension plan assets at their fair values as of December 31, 2016:



	Quoted prices in active markets of identical assets (Level 1)		Significant other observable inputs (Level 2)		Significant other unobservable inputs (Level 3)		Total
Cash and cash equivalents	$	576	$	9,540	$	—	$	10,116
Equity securities:
Global all-cap (a)	20,216		242,214		—		262,430
Fixed income securities:
U.S. government/agency	—		228,648		—		228,648
Corporate bonds (b)	—		199,634		—		199,634
Collateralized obligations (c)	—		50,532		—		50,532
International government/corporate bonds (d)	—		30,928		—		30,928
Alternative investments:
Global diversified assets (e)	—		146,975		—		146,975
Global real estate investment trusts (f)	—		48,000		—		48,000
Global infrastructure (g)	—		46,413		—		46,413
Total pension plan assets	$	20,792	$	1,002,884	$	—	$	1,023,676

The following table sets forth by level, within the fair value hierarchy, pension plan assets at their fair values as of December 31, 2015:



	Quoted prices in active markets of identical assets (Level 1)		Significant other observable inputs(Level 2)		Significant other unobservable inputs (Level 3)		Total
Cash and cash equivalents	$	1,763	$	30,389	$	—	$	32,152
Equity securities:
U.S. all-cap (h)	—		138,367		—		138,367
International all-cap (i)	108,862		3,118		—		111,980
Global all-cap (a)	73,157		196,063		—		269,220
Fixed income securities:
U.S. government/agency	117,378		120,136		—		237,514
Corporate bonds (b)	101,476		37,748		—		139,224
Collateralized obligations (c)	32,532		8,157		—		40,689
International government/corporate bonds (d)	31,917		40,839		—		72,756
Total pension plan assets	$	467,085	$	574,817	$	—	$	1,041,902



(a)	This category comprises equity funds that primarily track the MSCI World Index or MSCI All Country World Index.
(b)	This category comprises fixed income funds primarily invested in investment grade and high yield bonds.
(c)	This category comprises fixed income funds primarily invested in high quality mortgage-backed securities and other asset-backed obligations.
(d)	This category comprises fixed income funds primarily invested in Canadian and other international bonds.
(e)	This category comprises diversified funds invested across alternative asset classes.
(f)	This category comprises equity funds primarily invested in publicly traded real estate securities.
(g)	This category comprises equity funds primarily invested in publicly traded listed infrastructure securities.
(h)	This category comprises equity funds that track the Russell 3000 index.
(i)	This category comprises equity funds that track the MSCI World Ex-US index.

Our target asset allocation for our major domestic pension plans as of December 31, 2016 was as follows:



Asset Class		Target Asset Allocation
Cash		1%
Equity securities		25%
Fixed income securities		49%
Alternative investments, including real estate, listed infrastructure and other		25%

Schedule of Expected Benefit Payments

Total benefit payments expected to be paid to plan participants, including pension benefits funded from the plans and other benefits funded from Company assets, are as follows:



	Expected Benefit Payments
	2017		2018		2019		2020		2021		2022-2026
Pension Benefits	$	96,972	$	69,299	$	73,438	$	78,863	$	79,714	$	423,587
Other Benefits	22,593		20,546		18,813		17,642		16,698		71,616

STOCK COMPENSATION PLANS (Tables)

12 Months Ended

Dec. 31, 2016

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

Summary of Stock Compensation Costs

For the periods presented, compensation expense for all types of stock-based compensation programs and the related income tax benefit recognized were as follows:



For the years ended December 31,	2016		2015		2014
Pre-tax compensation expense	$	54,785	$	51,533	$	54,068
Related income tax benefit	17,148		17,109		18,653

Summary of Activity Relating to the Grants of Stock Options

A summary of activity relating to grants of stock options for the year ended December 31, 2016 is as follows:



Stock Options	Shares		Weighted-Average Exercise Price (per share)	Weighted-Average Remaining Contractual Term	Aggregate Intrinsic Value
Outstanding at beginning of the period	6,842,563		$75.48	5.8 years
Granted	1,356,440		$90.73
Exercised	(1,762,827	)	$58.72
Forfeited	(244,168	)	$98.72
Outstanding as of December 31, 2016	6,192,008		$82.67	6.2 years	$	121,202
Options exercisable as of December 31, 2016	3,498,601		$72.15	4.6 years	$	103,865

Summary of Fair Value Estimated on the Grant Date and the Weighted Average Assumptions

The fair value was estimated on the date of grant using a Black-Scholes option-pricing model and the following weighted-average assumptions:



For the years ended December 31,	2016		2015		2014
Dividend yields	2.4	%	2.1	%	2.0	%
Expected volatility	16.8	%	20.7	%	22.3	%
Risk-free interest rates	1.5	%	1.9	%	2.1	%
Expected term in years	6.8		6.7		6.7



l	“Dividend yields” means the sum of dividends declared for the four most recent quarterly periods, divided by the average price of our Common Stock for the comparable periods;
l	“Expected volatility” means the historical volatility of our Common Stock over the expected term of each grant;
l	“Risk-free interest rates” means the U.S. Treasury yield curve rate in effect at the time of grant for periods within the contractual life of the stock option; and
l	“Expected term” means the period of time that stock options granted are expected to be outstanding based primarily on historical data.

Summary of Outstanding Stock Options

The following table summarizes information about stock options outstanding as of December 31, 2016:



	Options Outstanding			Options Exercisable
Range of Exercise Prices	Number Outstanding as of 12/31/16	Weighted- Average Remaining Contractual Life in Years	Weighted- Average Exercise Price	Number Exercisable as of 12/31/16	Weighted- Average Exercise Price
$33.40 - $60.68	1,825,259	3.5	$51.27	1,825,259	$51.27
$60.69 - $90.39	2,208,766	7.5	$86.58	730,253	$81.66
$90.40 - $111.76	2,157,983	7.1	$105.22	943,089	$105.20
$33.40 - $111.76	6,192,008	6.2	$82.67	3,498,601	$72.15

Summary of Activity Relating to Grants of PSUs and RSUs

A summary of activity relating to grants of PSUs and RSUs for the period ended December 31, 2016 is as follows:



Performance Stock Units and Restricted Stock Units	Number of units		Weighted-average grant date fair value for equity awards (per unit)
Outstanding at beginning of year	495,207		$106.40
Granted	545,750		$93.55
Performance assumption change	79,889		$92.43
Vested	(239,270	)	$94.59
Forfeited	(53,348	)	$98.93
Outstanding at end of year	828,228		$102.66

Schedule of Information Pertaining to Fair Value of PSUs and RSUs Granted for Potential Future Distribution



For the years ended December 31,	2016			2015			2014
Units granted	545,750			381,407			331,788
Weighted-average fair value at date of grant	$	93.55		$	104.68		$	115.57
Monte Carlo simulation assumptions:
Estimated values	$	38.02		$	61.22		$	80.95
Dividend yields	2.5		%	2.0		%	1.8		%
Expected volatility	17.0		%	14.9		%	15.5		%



l	“Estimated values” means the fair value for the market-based total shareholder return component of each PSU at the date of grant using a Monte Carlo simulation model;
l	“Dividend yields” means the sum of dividends declared for the four most recent quarterly periods, divided by the average price of our Common Stock for the comparable periods;
l	“Expected volatility” means the historical volatility of our Common Stock over the expected term of each grant.

SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2016

Segment Reporting [Abstract]

Summary of Net Sales and Earnings, and Depreciation and Amortization, by Segment

Our segment net sales and earnings were as follows:



For the years ended December 31,	2016			2015			2014
Net sales:
North America	$	6,532,988		$	6,468,158		$	6,352,729
International and Other	907,193			918,468			1,069,039
Total	$	7,440,181		$	7,386,626		$	7,421,768

Segment income (loss):
North America	$	2,040,995		$	2,073,967		$	1,916,207
International and Other	(29,139		)	(98,067		)	40,004
Total segment income	2,011,856			1,975,900			1,956,211
Unallocated corporate expense (1)	497,423			497,386			503,234
Unallocated mark-to-market losses on commodity derivatives (2)	163,238			—			—
Goodwill and other intangible asset impairment charges	4,204			280,802			15,900
Costs associated with business realignment activities	107,571			120,975			34,290
Non-service related pension expense (income)	27,157			18,079			(1,834		)
Acquisition and integration costs	6,480			20,899			12,360
Operating profit	1,205,783			1,037,759			1,392,261
Interest expense, net	90,143			105,773			83,532
Other (income) expense, net	16,159			30,139			2,686
Income before income taxes	$	1,099,481		$	901,847		$	1,306,043

(1)


(2)	Reflects gains and losses on commodity derivative instruments that are excluded from segment income until the related inventory is sold. See Note 5.

Allocation Of Net Derivative Gains Losses From Economic Hedges To Operating Results Of Reporting Segments Table [Table Text Block]

Activity within the unallocated mark-to-market (gains) losses on commodity derivatives for the year ended December 31, 2016 included:



For the year ended December 31,	2016
Net losses on mark-to-market valuation of unallocated commodity derivative positions	$	171,753
Net losses on commodity derivative positions allocated to segment income	8,515
Net losses on mark-to-market valuation of commodity derivative positions remaining in unallocated derivative (gains) losses	$	163,238

Reconciliation of Other Significant Reconciling Items from Segments to Consolidated [Table Text Block]

Depreciation and amortization expense included within segment income presented above is as follows:



For the years ended December 31,	2016		2015		2014
North America	$	162,211	$	153,185	$	146,475
International and Other	50,753		46,342		28,463
Corporate (1)	88,873		45,401		36,594
Total	$	301,837	$	244,928	$	211,532


(1)	Corporate includes non-cash asset-related accelerated depreciation and amortization related to business realignment activities, as discussed in Note 7. Such amounts are not included within our measure of segment income.

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas

Additional geographic information is as follows:



	2016		2015		2014
Net sales:
United States	$	6,196,723	$	6,116,490	$	5,996,564
Other	1,243,458		1,270,136		1,425,204
Total	$	7,440,181	$	7,386,626	$	7,421,768

Long-lived assets:
United States	$	1,528,255	$	1,528,723	$	1,477,455
Other	648,993		711,737		674,446
Total	$	2,177,248	$	2,240,460	$	2,151,901

EQUITY AND NONCONTROLLING INTERESTS (Tables)

12 Months Ended

Dec. 31, 2016

Equity [Abstract]

Summary of the Changes in the Outstanding Shares of Common Stock

Changes in the outstanding shares of Common Stock for the past three years were as follows:



For the years ended December 31,	2016		2015		2014
Shares issued	359,901,744		359,901,744		359,901,744
Treasury shares at beginning of year	(143,124,384	)	(138,856,786	)	(136,007,023	)
Stock repurchases:
Repurchase programs	(4,640,964	)	(4,209,112	)	(2,135,268	)
Stock-based compensation programs	(1,820,766	)	(1,776,838	)	(3,676,513	)
Stock issuances:
Stock-based compensation programs	1,944,105		1,718,352		2,962,018
Treasury shares at end of year	(147,642,009	)	(143,124,384	)	(138,856,786	)
Net shares outstanding at end of year	212,259,735		216,777,360		221,044,958

Summary of Activity Relating to the Non-controlling Interests and Redeemable Non-controlling Interest

A roll-forward showing the 2016 activity relating to the noncontrolling interest follows:



	Noncontrolling Interests
Balance, December 31, 2015	$	49,465
Net loss attributable to noncontrolling interests (1)	(3,970		)
Other comprehensive loss - foreign currency translation adjustments	(3,664		)
Balance, December 31, 2016	$	41,831

(1) Amounts are not considered significant and are presented within selling, marketing and administrative expenses.

COMMITMENTS AND CONTINGENCIES (Tables)

12 Months Ended

Dec. 31, 2016

Commitments and Contingencies Disclosure [Abstract]

Purchase Obligations Covered by Purchase Agreements with Various Suppliers Future Maturity Schedule



In millions of dollars	2017		2018		2019		2020
Purchase obligations	$	1,282.2	$	240.5	$	36.0	$	—

Future Minimum Payments under Non-Cancelable Operating Leases



In millions of dollars	2017		2018		2019		2020		2021		Thereafter
Future minimum rental payments	$	11.7	$	13.7	$	12.4	$	10.9	$	10.8	$	189.0

EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2016

Earnings Per Share [Abstract]

Basic and Diluted Earnings Per Share

We compute basic and diluted earnings per share based on the weighted-average number of shares of Common Stock and Class B common stock outstanding as follows:



For the years ended December 31,	2016					2015					2014
	Common Stock		Class B Common Stock			Common Stock		Class B Common Stock			Common Stock		Class B Common Stock
Basic earnings per share:
Numerator:
Allocation of distributed earnings (cash dividends paid)	$	367,081	$	132,394		$	352,953	$	123,179		$	328,752	$	111,662
Allocation of undistributed earnings	162,299		58,270			27,324		9,495			303,801		102,697
Total earnings—basic	$	529,380	$	190,664		$	380,277	$	132,674		$	632,553	$	214,359

Denominator (shares in thousands):
Total weighted-average shares—basic	153,519		60,620			158,471		60,620			161,935		60,620

Earnings Per Share—basic	$	3.45	$	3.15		$	2.40	$	2.19		$	3.91	$	3.54

Diluted earnings per share:
Numerator:
Allocation of total earnings used in basic computation	$	529,380	$	190,664		$	380,277	$	132,674		$	632,553	$	214,359
Reallocation of total earnings as a result of conversion of Class B common stock to Common stock	190,664		—			132,674		—			214,359		—
Reallocation of undistributed earnings	—		(324		)	—		(69		)	—		(1,071		)
Total earnings—diluted	$	720,044	$	190,340		$	512,951	$	132,605		$	846,912	$	213,288

Denominator (shares in thousands):
Number of shares used in basic computation	153,519		60,620			158,471		60,620			161,935		60,620
Weighted-average effect of dilutive securities:
Conversion of Class B common stock to Common shares outstanding	60,620		—			60,620		—			60,620		—
Employee stock options	964		—			1,335		—			1,920		—
Performance and restricted stock options	201		—			225		—			362		—
Total weighted-average shares—diluted	215,304		60,620			220,651		60,620			224,837		60,620

Earnings Per Share—diluted	$	3.34	$	3.14		$	2.32	$	2.19		$	3.77	$	3.52

OTHER (INCOME) EXPENSE, NET OTHER (INCOME) EXPENSE, NET (Tables)

12 Months Ended

Dec. 31, 2016

Other Income and Expenses [Abstract]

Other Income and Other Expense Disclosure [Text Block]

OTHER (INCOME) EXPENSE, NET



For the years ended December 31,	2016			2015			2014
Write-down of equity investments in partnerships qualifying for tax credits	$	43,482		$	39,489		$	—
Settlement of SGM liability (see Note 2)	(26,650		)	—			—
Foreign currency exchange loss relating to strategy to cap SGM acquisition price as denominated in U.S. dollars	—			—			6,722
Gain on acquisition of controlling interest in LSFC	—			—			(4,627		)
Gain on sale of non-core trademark	—			(9,950		)	—
Other (income) expense, net	(673		)	600			591
Total	$	16,159		$	30,139		$	2,686

SUPPLEMENTAL BALANCE SHEET INFORMATION (Tables)

12 Months Ended

Dec. 31, 2016

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Supplemental Balance Sheet Information

The components of certain Consolidated Balance Sheet accounts are as follows:



December 31,	2016			2015
Inventories:
Raw materials	$	315,239		$	353,451
Goods in process	88,490			67,745
Finished goods	528,587			534,983
Inventories at FIFO	932,316			956,179
Adjustment to LIFO	(186,638		)	(205,209		)
Total inventories	$	745,678		$	750,970

Property, plant and equipment:
Land	$	103,865		$	96,666
Buildings	1,238,634			1,084,958
Machinery and equipment	3,001,552			2,886,723
Construction in progress	230,987			448,956
Property, plant and equipment, gross	4,575,038			4,517,303
Accumulated depreciation	(2,397,790		)	(2,276,843		)
Property, plant and equipment, net	$	2,177,248		$	2,240,460

Other assets:
Capitalized software, net	$	95,301		$	68,004
Income tax receivable	1,449			1,428
Other non-current assets	71,615			85,934
Total other assets	$	168,365		$	155,366

Accrued liabilities:
Payroll, compensation and benefits	$	240,080		$	215,638
Advertising and promotion	358,573			337,945
Due to SGM shareholders	—			72,025
Other	152,333			231,359
Total accrued liabilities	$	750,986		$	856,967

Other long-term liabilities:
Post-retirement benefits liabilities	$	220,270		$	231,412
Pension benefits liabilities	65,687			122,681
Other	114,204			114,625
Total other long-term liabilities	$	400,161		$	468,718

Accumulated other comprehensive loss:
Foreign currency translation adjustments	$	(110,613	)	$	(101,236	)
Pension and post-retirement benefit plans, net of tax	(207,169		)	(254,648		)
Cash flow hedges, net of tax	(58,106		)	(15,141		)
Total accumulated other comprehensive loss	$	(375,888	)	$	(371,025	)

QUARTERLY DATA (Tables)

12 Months Ended

Dec. 31, 2016

Quarterly Financial Information Disclosure [Abstract]

Schedule of Quarterly Financial Information

Summary quarterly results were as follows:



Year 2016	First		Second		Third		Fourth
Net sales	$	1,828,812	$	1,637,671	$	2,003,454	$	1,970,244
Gross profit	817,376		747,398		850,848		742,269
Net income	229,832		145,956		227,403		116,853
Common stock:
Net income per share—Basic^(a)	1.09		0.70		1.09		0.56
Net income per share—Diluted^(a)	1.06		0.68		1.06		0.55
Dividends paid per share	0.583		0.583		0.618		0.618
Class B common stock:
Net income per share—Basic^(a)	0.99		0.64		0.99		0.51
Net income per share—Diluted^(a)	0.99		0.64		0.99		0.51
Dividends paid per share	0.530		0.530		0.562		0.562
Market price—common stock:
High	93.71		113.49		113.89		104.44
Low	83.32		89.60		94.64		94.63



Year 2015	First		Second			Third^(b)		Fourth^(b)
Net sales	$	1,937,800	$	1,578,825		$	1,960,779	$	1,909,222
Gross profit	900,843		735,408			868,706		877,718
Net income (loss)	244,737		(99,941		)	140,266		227,889
Common stock:
Net income (loss) per share—Basic^(a)	1.14		(0.47		)	0.66		1.08
Net income (loss) per share—Diluted^(a)	1.10		(0.47		)	0.64		1.04
Dividends paid per share	0.535		0.535			0.583		0.583
Class B common stock:
Net income (loss) per share—Basic^(a)	1.04		(0.42		)	0.60		0.98
Net income (loss) per share—Diluted^(a)	1.03		(0.42		)	0.60		0.98
Dividends paid per share	0.486		0.486			0.530		0.530
Market price—common stock:
High	110.78		101.74			94.31		97.07
Low	98.52		87.86			85.13		83.58


(a)	Quarterly income per share amounts do not total to the annual amount due to changes in weighted-average shares outstanding during the year, as well as the impact of excluding dilutive securities in the period in which there was a net loss.

(b)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - DESCRIPTION OF BUSINESS (Details)	12 Months Ended
	Dec. 31, 2016 country segment brand_name
Accounting Policies [Abstract]
Number Of Brand Names \| brand_name	80
Number of countries in which products are marketed, sold and distributed (country) \| country	70
Number of reportable segments (segment) \| segment	2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - REVENUE RECOGNITION (Details)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Sales Revenue, Goods, Net \| Customer Concentration Risk \| McLane Company, Inc.
Concentration Risk, Percentage	25.00%	26.00%	25.00%

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - SELLING, MARKETING AND ADMINISTRATIVE EXPENSE (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Accounting Policies [Abstract]
Research and development costs	$ 47,268	$ 49,281	$ 47,554
Advertising expense	521,479	561,644	$ 570,223
Prepaid advertising expense	$ 651	$ 3,924

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - ACCOUNTS RECEIVABLE - TRADE (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Revenue, Major Customer [Line Items]
Allowance for doubtful accounts	$ 40,153	$ 32,638
McLane Company, Inc. \| Customer Concentration Risk \| Accounts Receivable
Revenue, Major Customer [Line Items]
Concentration Risk, Percentage	19.00%
Wal-Mart Stores, Inc. \| Customer Concentration Risk \| Accounts Receivable
Revenue, Major Customer [Line Items]
Concentration Risk, Percentage	14.00%

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - INVENTORIES (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Accounting Policies [Abstract]
Percentage of LIFO inventory	54.00%
LIFO inventory amount	$ 402,919	$ 410,865

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Amortization	$ 231,735	$ 197,054	$ 176,312
Machinery and Equipment \| Minimum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	3 years
Machinery and Equipment \| Maximum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	15 years
Building and Building Improvements \| Minimum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	25 years
Building and Building Improvements \| Maximum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	40 years

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - COMPUTER SOFTWARE (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Property, Plant and Equipment [Line Items]
Capitalized software, net	$ 95,301	$ 68,004
Computer Software
Property, Plant and Equipment [Line Items]
Capitalized software, net	95,301	68,004
Capitalized computer software, accumulated amortization	$ 322,807	$ 304,057
Computer Software \| Minimum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	3 years
Computer Software \| Maximum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	5 years

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - GOODWILL AND OTHER INTANGIBLE ASSETS (Details)	12 Months Ended
	Dec. 31, 2016
Trademarks
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	25 years
Customer Relationships
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	15 years
Patents
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	5 years

BUSINESS ACQUISITIONS AND DIVESTITURES - RIPPLE BRAND COLLECTIVE, LLC NARRATIVE (Details) - Ripple Brand Collective, LLC [Member] - USD ($) $ in Millions		12 Months Ended
	Apr. 26, 2016	Dec. 31, 2016
Business Acquisition [Line Items]
Revenues		$ 35.6
Trademarks
Business Acquisition [Line Items]
Finite-Lived Intangible Asset, Useful Life	27 years
Other \| Minimum
Business Acquisition [Line Items]
Finite-Lived Intangible Asset, Useful Life	2 years
Other \| Maximum
Business Acquisition [Line Items]
Finite-Lived Intangible Asset, Useful Life	14 years

BUSINESS ACQUISITIONS AND DIVESTITURES - RIPPLE BRAND COLLECTIVE, LLC ASSETS ACQUIRED AND LIABILITIES ASSUMED ALLOCATION (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Apr. 26, 2016	Dec. 31, 2015	Dec. 31, 2014
Business Acquisition [Line Items]
Goodwill	$ 812,344		$ 684,252	$ 792,955
Ripple Brand Collective, LLC [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents		$ 674
Goodwill		128,110
Other current assets		12,375
Current liabilities		(7,211)
Net assets acquired		285,374
Trademarks \| Ripple Brand Collective, LLC [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles		91,200
Other \| Ripple Brand Collective, LLC [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles		$ 60,900

BUSINESS ACQUISITIONS AND DIVESTITURES - KRAVE PURE FOODS NARRATIVE (Details) - USD ($)	1 Months Ended	10 Months Ended	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Mar. 31, 2016	Oct. 04, 2015	Jul. 05, 2015	Mar. 31, 2015
Business Acquisition [Line Items]
Payments to acquire businesses			$ 35,762,000	$ 0	$ 0
KRAVE Pure Foods, Inc.
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents									$ 1,362,000
Payments to acquire businesses		$ 220,016,000
Maximum contingent consideration amount						$ 20,000,000
Fair value of the contingent consideration							$ 10,000,000	$ 10,000,000	$ 16,800,000
Payment of contingent consideration	$ 10,000,000

BUSINESS ACQUISITIONS AND DIVESTITURES - KRAVE PURE FOODS ASSETS ACQUIRED AND LIABILITIES ASSUMED ALLOCATION (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
Business Acquisition [Line Items]
Goodwill	$ 812,344	$ 684,252		$ 792,955
KRAVE Pure Foods, Inc.
Business Acquisition [Line Items]
Goodwill			$ 147,089
Other current assets			9,465
Current liabilities			(2,756)
Non-current deferred tax liabilities			(47,344)
Net assets acquired			235,454
KRAVE Pure Foods, Inc. \| Trademarks
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles			112,000
KRAVE Pure Foods, Inc. \| Other intangible assets
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles			$ 17,000

BUSINESS ACQUISITIONS AND DIVESTITURES - SHANGHAI GOLDEN MONKEY NARRATIVE (Details) - USD ($) $ in Thousands			3 Months Ended	9 Months Ended	12 Months Ended
	Feb. 03, 2016	Sep. 26, 2014	Oct. 04, 2015	Sep. 26, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Apr. 05, 2015
Business Acquisition [Line Items]
Payments to acquire businesses					$ 35,762	$ 0	$ 0
Goodwill, purchase price allocation adjustments						48,023
Gain on settlement of SGM liability (see Note 2)					26,650	0	$ 0
Shanghai Golden Monkey Food Joint Stock Co., Ltd.
Business Acquisition [Line Items]
Business acquisition, percentage of voting interests acquired	20.00%	80.00%		20.00%			100.00%
Revenue of acquiree since acquisition date							$ 54,000
Payments to acquire businesses	$ 35,762	$ 394,470
Additional voting interest purchase period		1 year
Goodwill, purchase price allocation adjustments			$ 16,599	$ 49,000		49,120
Gain on settlement of SGM liability (see Note 2)	$ 26,650				$ 26,650	$ 0	0
Shanghai Golden Monkey Food Joint Stock Co., Ltd. \| Prepaid Expenses and Other Current Assets
Business Acquisition [Line Items]
Contingent consideration, asset							37,860	$ 8,685
Shanghai Golden Monkey Food Joint Stock Co., Ltd. \| Accrued Liabilities
Business Acquisition [Line Items]
Fair value of future payments to purchase a business							$ 100,067	$ 76,815

BUSINESS ACQUISITIONS AND DIVESTITURES - SHANGHAI GOLDEN MONKEY ASSETS ACQUIRED AND LIABILITIES ASSUMED ALLOCATION (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended	12 Months Ended
	Oct. 04, 2015	Jul. 05, 2015	Sep. 26, 2015	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2014
Business Acquisition [Line Items]
Goodwill				$ 684,252	$ 812,344	$ 792,955
Adjustments
Purchase price allocation adjustments				48,023
Goodwill impairment				280,802
Shanghai Golden Monkey Food Joint Stock Co., Ltd.
Business Acquisition [Line Items]
Accounts receivable - trade			$ 20,000			46,000
Inventories			41,000			42,000
Other current assets			43,000			37,000
Property, plant and equipment			114,000			112,000
Goodwill			284,000			235,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles			145,000			145,000
Other non-current assets			32,000			35,000
Current liabilities			(74,000)			(54,000)
Short-term debt assumed			(105,000)			(105,000)
Other non-current liabilities assumed, principally deferred taxes			(54,000)			(52,000)
Net assets acquired			446,000			$ 441,000
Adjustments
Accounts receivable - trade			(26,000)
Inventories			(1,000)
Other current assets			6,000
Property, plant and equipment			2,000
Purchase price allocation adjustments	$ 16,599		49,000	49,120
Other intangible assets			0
Other non-current assets			(3,000)
Current liabilities assumed			(20,000)
Short-term debt assumed			0
Other non-current liabilities assumed, principally deferred taxes			$ (2,000)
Goodwill impairment	$ 266,409	$ 249,811		$ 280,800

BUSINESS ACQUISITIONS AND DIVESTITURES - ALLAN CANDY COMPANY LIMITED (Details) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Business Acquisition [Line Items]
Payments to acquire businesses		$ 35,762	$ 0	$ 0
Goodwill	$ 792,955	$ 812,344	684,252	$ 792,955
Purchase price allocation adjustments			48,023
The Allan Candy Company Limited
Business Acquisition [Line Items]
Payments to acquire businesses	$ 27,376
Property, plant and equipment acquired			10,897
Goodwill			6,996
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles			8,092
Other noncurrent assets acquired			1,391
Purchase price allocation adjustments			$ 1,820

BUSINESS ACQUISITIONS AND DIVESTITURES - LOTTE SHANGHAI FOOD COMPANY (Details) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Mar. 30, 2014	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Mar. 31, 2014
Business Acquisition [Line Items]
Payments to acquire businesses		$ 35,762	$ 0	$ 0
Noncontrolling interests in subsidiaries		41,831	49,465
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain		0	0	4,627
Amount in excess of cash acquired compared to cash paid in an acquisition		$ (285,374)	$ (218,654)	(396,265)
Lotte Shanghai Food Company
Business Acquisition [Line Items]
Business acquisition, percentage of voting interests acquired					5.90%
Payments to acquire businesses	$ 5,580
Equity interest ownership percentage prior to acquisition					44.10%
Equity interest ownership percentage, after acquisition					50.00%
Consideration transferred, including equity interest in acquiree held prior to combination	99,161
Equity interest in acquiree, fair value	$ 43,857
Noncontrolling interests in subsidiaries					$ 49,724
Fair value of assets acquired and liabilities assumed					99,449
Property, plant and equipment					106,253
Short-term debt assumed					13,292
Other noncurrent assets acquired					$ 6,488
Amount in excess of cash acquired compared to cash paid in an acquisition				10,035
Lotte Shanghai Food Company \| Other Nonoperating Income (Expense)
Business Acquisition [Line Items]
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain				$ 4,627

BUSINESS ACQUISITIONS AND DIVESTITURES - PRO FORMA INFORMATION (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2014 USD ($)
Shanghai Golden Monkey Food Joint Stock Co., Ltd. \| Selling, marketing and administrative
Business Acquisition [Line Items]
Acquisition related costs	$ 13,270

BUSINESS ACQUISITIONS AND DIVESTITURES - 2015 DIVESTITURE NARRATIVE (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Apr. 03, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of business		$ 0	$ 32,408	$ 0
Goodwill and other intangible asset impairment charges		$ 4,204	$ 280,802	15,900
Mauna Loa Macadamia Nut Corporation
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Goodwill and other intangible asset impairment charges				18,531
Disposal Group, Held-for-sale or Disposed of by Sale, Not Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loss on disposal of business	$ 2,667			22,256
Goodwill and other intangible asset impairment charges				$ 18,531
Disposal Group, Held-for-sale or Disposed of by Sale, Not Discontinued Operations \| Mauna Loa Macadamia Nut Corporation
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of business	$ 32,400

GOODWILL AND INTANGIBLE ASSETS - SUMMARY OF CHANGES IN CARRYING VALUE OF GOODWILL BY REPORTABLE SEGMENT (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Goodwill [Line Items]
Goodwill, gross			$ 874,501
Accumulated impairment loss			(81,546)
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 684,252	$ 792,955
Acquired during the period (see Note 2)	128,110	147,089
Impairment		(280,802)
Purchase price allocation adjustments		48,023
Accumulated impairment loss	(18)	(23,013)
Goodwill, ending balance	812,344	684,252	792,955
Operating Segments \| North America
Goodwill [Line Items]
Goodwill, gross			538,322
Accumulated impairment loss			(4,973)
Goodwill [Roll Forward]
Goodwill, beginning balance	662,083	533,349
Acquired during the period (see Note 2)	128,110	147,089
Impairment		0
Purchase price allocation adjustments		1,820
Accumulated impairment loss	1,997	(20,175)
Goodwill, ending balance	792,190	662,083	533,349
Operating Segments \| International and Other
Goodwill [Line Items]
Goodwill, gross			336,179
Accumulated impairment loss			(76,573)
Goodwill [Roll Forward]
Goodwill, beginning balance	22,169	259,606
Acquired during the period (see Note 2)	0	0
Impairment		(280,802)
Purchase price allocation adjustments		46,203
Accumulated impairment loss	(2,015)	(2,838)
Goodwill, ending balance	$ 20,154	$ 22,169	$ 259,606

GOODWILL AND INTANGIBLE ASSETS - NARRATIVE (Details) - USD ($)	3 Months Ended			9 Months Ended	12 Months Ended
	Dec. 31, 2015	Oct. 04, 2015	Jul. 05, 2015	Sep. 26, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Goodwill [Line Items]
Goodwill impairment						$ 280,802,000
Purchase price allocation adjustments						48,023,000
Goodwill	$ 684,252,000				$ 812,344,000	684,252,000	$ 792,955,000
Impairment of intangible assets (excluding goodwill)					4,204,000
Amortization expense					26,687,000	22,306,000	10,849,000
International and Other \| CHINA
Goodwill [Line Items]
Goodwill impairment	14,393,000
Operating Segments \| International and Other
Goodwill [Line Items]
Goodwill impairment						280,802,000
Purchase price allocation adjustments						46,203,000
Goodwill	$ 22,169,000				20,154,000	22,169,000	259,606,000
Operating Segments \| International and Other \| INDIA
Goodwill [Line Items]
Goodwill impairment							11,400,000
Operating Segments \| International and Other \| INDIA \| Trademarks
Goodwill [Line Items]
Impairment of intangible assets (excluding goodwill)							4,500,000
Shanghai Golden Monkey Food Joint Stock Co., Ltd.
Goodwill [Line Items]
Goodwill impairment		$ 266,409,000	$ 249,811,000			280,800,000
Purchase price allocation adjustments		$ 16,599,000		$ 49,000,000		$ 49,120,000
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)					$ 0
Goodwill				$ 284,000,000			235,000,000
Shanghai Golden Monkey Food Joint Stock Co., Ltd. \| International and Other \| CHINA
Goodwill [Line Items]
Goodwill							$ 15,000,000

GOODWILL AND INTANGIBLE ASSETS - CARRYING AMOUNTS AND ACCUMULATED AMORTIZATION (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross	$ 533,858	$ 390,900
Finite-lived intangible assets, accumulated amortization	(80,640)	(55,370)
Total other intangible assets	492,737	379,305
Trademarks
Finite-Lived Intangible Assets [Line Items]
Indefinite-lived intangible assets, excluding goodwill	39,519	43,775
Trademarks
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross	317,023	227,511
Finite-lived intangible assets, accumulated amortization	(30,458)	(16,246)
Customer-related
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross	200,409	146,532
Finite-lived intangible assets, accumulated amortization	(36,482)	(26,643)
Patents
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross	16,426	16,857
Finite-lived intangible assets, accumulated amortization	$ (13,700)	$ (12,481)

GOODWILL AND INTANGIBLE ASSETS - FUTURE ESTIMATED AMORTIZATION EXPENSE (Details) $ in Thousands	Dec. 31, 2016 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2017	$ 28,780
2018	27,240
2019	27,133
2020	26,894
2021	$ 26,862

SHORT AND LONG-TERM DEBT - SHORT-TERM DEBT (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Oct. 02, 2016	Dec. 31, 2015
Line of Credit Facility [Line Items]
Short-term debt	$ 632,471,000		$ 363,513,000
Short-term debt, weighted average interest rate	1.00%		3.00%
Maximum amount of short term borrowing outstanding	$ 997,120,000
Commercial Paper
Line of Credit Facility [Line Items]
Short-term debt	$ 473,666,000		$ 49,993,000
Short-term debt, weighted average interest rate	0.60%		0.40%
Revolving Credit Facility \| Line of Credit
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity		$ 500,000
Line of credit facility, accordion feature increase limit	$ 400,000
Debt instrument, covenant, pre-tax income from operations to consolidated interest expense, minimum	200.00%
Revolving Credit Facility \| Foreign Line of Credit
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity	$ 504,237,000		$ 516,916,000
Short-term foreign bank loans against the lines of credit	158,805,000		$ 313,520,000
Line of Credit \| Revolving Credit Facility \| Line of Credit
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity	$ 1,000,000,000

SHORT AND LONG-TERM DEBT - SUMMARY OF LONG TERM DEBT (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Total long-term debt	$ 2,347,698	$ 2,057,014
Net impact of interest rate swaps, debt issuance costs and unamortized debt discounts	(14,275)	(4,087)
Less—current portion	243	499,923
Long-term portion	2,347,455	1,557,091
Corporate Debt Securities \| 5.45% Notes due 2016
Debt Instrument [Line Items]
Total long-term debt	0	250,000
Corporate Debt Securities \| 1.50% Notes due 2016
Debt Instrument [Line Items]
Total long-term debt	0	250,000
Corporate Debt Securities \| 1.60% Notes due 2018
Debt Instrument [Line Items]
Total long-term debt	300,000	300,000
Corporate Debt Securities \| 4.125% Notes due 2020
Debt Instrument [Line Items]
Total long-term debt	350,000	350,000
Corporate Debt Securities \| 8.8% Debentures due 2021
Debt Instrument [Line Items]
Total long-term debt	84,715	84,715
Corporate Debt Securities \| 2.625% Notes due 2023
Debt Instrument [Line Items]
Total long-term debt	250,000	250,000
Corporate Debt Securities \| 3.20% Notes due 2025
Debt Instrument [Line Items]
Total long-term debt	300,000	300,000
Corporate Debt Securities \| Notes 2.30% due 2026
Debt Instrument [Line Items]
Total long-term debt	500,000	0
Corporate Debt Securities \| 7.2% Debentures due 2027
Debt Instrument [Line Items]
Total long-term debt	193,639	193,639
Corporate Debt Securities \| Notes 3.375% due 2046
Debt Instrument [Line Items]
Total long-term debt	300,000	0
Lease Obligations
Debt Instrument [Line Items]
Total long-term debt	$ 83,619	$ 82,747

SHORT AND LONG-TERM DEBT - LONG TERM DEBT INTEREST RATES (Details) - Corporate Debt Securities	Dec. 31, 2016	Nov. 30, 2016	Sep. 30, 2016	Aug. 31, 2016	Dec. 31, 2015	Aug. 31, 2015
5.45% Notes due 2016
Debt Instrument [Line Items]
Interest rate, stated percentage	5.45%		5.45%		5.45%
1.50% Notes due 2016
Debt Instrument [Line Items]
Interest rate, stated percentage	1.50%	1.50%			1.50%
1.60% Notes due 2018
Debt Instrument [Line Items]
Interest rate, stated percentage	1.60%				1.60%
4.125% Notes due 2020
Debt Instrument [Line Items]
Interest rate, stated percentage	4.125%				4.125%
8.8% Debentures due 2021
Debt Instrument [Line Items]
Interest rate, stated percentage	8.80%				8.80%	8.80%
2.625% Notes due 2023
Debt Instrument [Line Items]
Interest rate, stated percentage	2.625%				2.625%
3.20% Notes due 2025
Debt Instrument [Line Items]
Interest rate, stated percentage	3.20%				3.20%
Notes 2.30% due 2026
Debt Instrument [Line Items]
Interest rate, stated percentage	2.30%			2.30%	2.30%
7.2% Debentures due 2027
Debt Instrument [Line Items]
Interest rate, stated percentage	7.20%				7.20%	7.20%
Notes 3.375% due 2046
Debt Instrument [Line Items]
Interest rate, stated percentage	3.375%			3.375%	3.375%

SHORT AND LONG-TERM DEBT - LONG TERM DEBT NARRATIVE (Details) - USD ($) $ in Thousands	1 Months Ended				12 Months Ended
	Nov. 30, 2016	Sep. 30, 2016	Aug. 31, 2016	Aug. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Proceeds from Issuance of Other Long-term Debt			$ 792,953
Loss on early extinguishment of debt					$ 0	$ 28,326	$ 0
Gain on fair value hedge ineffectiveness				$ 278
Corporate Debt Securities
Debt Instrument [Line Items]
Debt instrument repurchase amount				100,165
Extinguishment of debt amount				71,646
Loss on early extinguishment of debt				28,326
8.8% Debentures due 2021 \| Corporate Debt Securities
Debt Instrument [Line Items]
Extinguishment of debt amount				15,285
7.2% Debentures due 2027 \| Corporate Debt Securities
Debt Instrument [Line Items]
Extinguishment of debt amount				$ 56,361
Corporate Debt Securities \| 5.45% Notes due 2016
Debt Instrument [Line Items]
Repayments of Debt		$ 250,000
Interest rate, stated percentage		5.45%			5.45%	5.45%
Corporate Debt Securities \| 1.50% Notes due 2016
Debt Instrument [Line Items]
Repayments of Debt	$ 250,000
Interest rate, stated percentage	1.50%				1.50%	1.50%
Corporate Debt Securities \| Notes 2.30% due 2026
Debt Instrument [Line Items]
Interest rate, stated percentage			2.30%		2.30%	2.30%
Debt instrument, face amount			$ 500,000
Corporate Debt Securities \| Notes 3.375% due 2046
Debt Instrument [Line Items]
Interest rate, stated percentage			3.375%		3.375%	3.375%
Debt instrument, face amount			$ 300,000
Corporate Debt Securities \| 8.8% Debentures due 2021
Debt Instrument [Line Items]
Interest rate, stated percentage				8.80%	8.80%	8.80%
Corporate Debt Securities \| 7.2% Debentures due 2027
Debt Instrument [Line Items]
Interest rate, stated percentage				7.20%	7.20%	7.20%

SHORT AND LONG-TERM DEBT - LONG TERM DEBT MATURITY (Details) $ in Thousands	Dec. 31, 2016 USD ($)
Long-term Debt, Fiscal Year Maturity [Abstract]
2017	$ 243
2018	300,279
2019	367
2020	350,462
2021	85,279
Thereafter	$ 1,611,068

SHORT AND LONG-TERM DEBT - INTEREST EXPENSE (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Debt Disclosure [Abstract]
Interest expense	$ 97,851	$ 93,520	$ 93,777
Interest Costs Capitalized Adjustment	5,903	12,537	6,179
Loss on early extinguishment of debt	0	28,326	0
Interest expense	91,948	109,309	87,598
Interest income	(1,805)	(3,536)	(4,066)
Interest expense, net	$ 90,143	$ 105,773	$ 83,532

DERIVATIVE INSTRUMENTS - NARRATIVE (Details) - USD ($)	12 Months Ended
DERIVATIVE INSTRUMENTS - NARRATIVE (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Derivative [Line Items]
Cash flow hedge gain (loss) to be reclassified within twelve months	$ 7,824,000
Commodities futures and options
Derivative [Line Items]
Minimum length of time, hedged in cash flow hedge	3 months
Maximum length of time, hedged in cash flow hedge	24 months
Commodities futures and options \| Designated as Hedging Instrument \| Cash Flow Hedges
Derivative [Line Items]
Derivative, notional amount	$ 739,374	$ 374,873
Foreign exchange contracts
Derivative [Line Items]
Minimum length of time, hedged in cash flow hedge	3 months
Maximum length of time, hedged in cash flow hedge	12 months
Foreign exchange contracts \| Designated as Hedging Instrument \| Cash Flow Hedges
Derivative [Line Items]
Derivative, notional amount	$ 68,263,000	10,752,000
Foreign exchange contracts \| Non-designated Hedges
Derivative [Line Items]
Derivative, notional amount	2,791,000	2,791,000
Interest rate swap agreements \| Designated as Hedging Instrument \| Cash Flow Hedges
Derivative [Line Items]
Derivative, notional amount		500,000,000
Increase (Decrease) in Derivative Assets and Liabilities	87,000
Interest rate swap agreements \| Designated as Hedging Instrument \| Fair Value Hedging
Derivative [Line Items]
Derivative, notional amount	350,000,000	350,000,000
Deferred compensation derivatives
Derivative [Line Items]
Derivative, notional amount	$ 22,099,000
Deferred compensation derivatives \| Non-designated Hedges \| Minimum
Derivative [Line Items]
Derivative, term of contract	3 months
Deferred compensation derivatives \| Non-designated Hedges \| Maximum
Derivative [Line Items]
Derivative, term of contract	12 months
Interest Rate Swap \| Designated as Hedging Instrument \| Fair Value Hedging \| Interest Expense
Derivative [Line Items]
Fair value hedges, pre-tax benefit	$ 4,365,000	$ 6,905,000

DERIVATIVE INSTRUMENTS - ASSETS AND LIABILITIES MEASURED AT FAIR VALUE (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Derivatives, Fair Value [Line Items]
Derivative asset	$ 7,062	$ 5,947
Derivative liability	10,825	42,827
Designated as Hedging Instrument \| Cash Flow Hedges
Derivatives, Fair Value [Line Items]
Derivative asset	2,229	367
Derivative liability	809	41,253
Designated as Hedging Instrument \| Cash Flow Hedges \| Commodities futures and options
Derivatives, Fair Value [Line Items]
Derivative asset	0	0
Derivative liability	0	479
Gross derivative assets, included within derivative liabilities	140,885	54,090
Derivative liability, gross liabilities	150,872	54,860
Designated as Hedging Instrument \| Cash Flow Hedges \| Foreign exchange contracts
Derivatives, Fair Value [Line Items]
Derivative asset	2,229	367
Derivative liability	809	475
Designated as Hedging Instrument \| Cash Flow Hedges \| Interest rate swap agreements
Derivatives, Fair Value [Line Items]
Derivative asset	0	0
Derivative liability	0	40,299
Designated as Hedging Instrument \| Fair Value Hedging \| Interest rate swap agreements
Derivatives, Fair Value [Line Items]
Derivative asset	1,768	4,313
Derivative liability	0	0
Non-designated Hedges
Derivatives, Fair Value [Line Items]
Derivative asset	3,065	1,267
Derivative liability	10,016	1,574
Non-designated Hedges \| Commodities futures and options
Derivatives, Fair Value [Line Items]
Derivative asset	2,348	0
Derivative liability	10,000	1,574
Non-designated Hedges \| Foreign exchange contracts
Derivatives, Fair Value [Line Items]
Derivative asset	0	69
Derivative liability	16	0
Non-designated Hedges \| Deferred compensation derivatives
Derivatives, Fair Value [Line Items]
Derivative asset	717	1,198
Derivative liability	$ 0	$ 0

DERIVATIVE INSTRUMENTS - EFFECTS OF DERIVATIVE INSTRUMENTS ON THE CONSOLIDATED STATEMENTS OF INCOME (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Commodities futures and options
Derivative [Line Items]
Derivative, Gain (Loss) on Derivative, Net	$ (171,753)
Non-designated Hedges
Derivative [Line Items]
Derivative, Gain (Loss) on Derivative, Net	(169,596)	$ (2,117)
Non-designated Hedges \| Commodities futures and options
Derivative [Line Items]
Derivative, Gain (Loss) on Derivative, Net	(171,753)	(2,777)
Non-designated Hedges \| Foreign exchange contracts
Derivative [Line Items]
Derivative, Gain (Loss) on Derivative, Net	(46)	487
Non-designated Hedges \| Interest rate swap agreements
Derivative [Line Items]
Derivative, Gain (Loss) on Derivative, Net	0	0
Non-designated Hedges \| Deferred compensation derivatives
Derivative [Line Items]
Derivative, Gain (Loss) on Derivative, Net	2,203	173
Designated as Hedging Instrument \| Cash Flow Hedges
Derivative [Line Items]
Gains (losses) recognized in other comprehensive income (“OCI”) (effective portion)	(52,708)	61,839
Gains (losses) reclassified from accumulated OCI into income (effective portion)	16,482	36,634
Gains recognized in income (ineffective portion)	0	987
Designated as Hedging Instrument \| Cash Flow Hedges \| Commodities futures and options
Derivative [Line Items]
Gains (losses) recognized in other comprehensive income (“OCI”) (effective portion)	0	84,382
Gains (losses) reclassified from accumulated OCI into income (effective portion)	30,783	40,600
Gains recognized in income (ineffective portion)	0	987
Designated as Hedging Instrument \| Cash Flow Hedges \| Foreign exchange contracts
Derivative [Line Items]
Gains (losses) recognized in other comprehensive income (“OCI”) (effective portion)	(5,485)	(155)
Gains (losses) reclassified from accumulated OCI into income (effective portion)	(5,625)	956
Gains recognized in income (ineffective portion)	0	0
Designated as Hedging Instrument \| Cash Flow Hedges \| Interest rate swap agreements
Derivative [Line Items]
Gains (losses) recognized in other comprehensive income (“OCI”) (effective portion)	(47,223)	(22,388)
Gains (losses) reclassified from accumulated OCI into income (effective portion)	(8,676)	(4,922)
Gains recognized in income (ineffective portion)	0	0
Designated as Hedging Instrument \| Cash Flow Hedges \| Deferred compensation derivatives
Derivative [Line Items]
Gains (losses) recognized in other comprehensive income (“OCI”) (effective portion)	0	0
Gains (losses) reclassified from accumulated OCI into income (effective portion)	0	0
Gains recognized in income (ineffective portion)	$ 0	$ 0

FAIR VALUE MEASUREMENTS - ASSETS AND LIABILITIES MEASURED AT FAIR VALUE (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative asset	$ 7,062	$ 5,947
Derivative liability	10,825	42,827
Fair Value, Measurements, Recurring \| Foreign exchange contracts
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative asset	2,229	436
Derivative liability	825	475
Fair Value, Measurements, Recurring \| Foreign exchange contracts \| Quoted prices in active markets of identical assets (Level 1)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative asset	0	0
Derivative liability	0	0
Fair Value, Measurements, Recurring \| Foreign exchange contracts \| Significant other observable inputs (Level 2)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative asset	2,229	436
Derivative liability	825	475
Fair Value, Measurements, Recurring \| Foreign exchange contracts \| Significant other unobservable inputs (Level 3)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative asset	0	0
Derivative liability	0	0
Fair Value, Measurements, Recurring \| Interest rate swap agreements
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative asset	1,768	4,313
Derivative liability	0	40,299
Fair Value, Measurements, Recurring \| Interest rate swap agreements \| Quoted prices in active markets of identical assets (Level 1)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative asset	0	0
Derivative liability	0	0
Fair Value, Measurements, Recurring \| Interest rate swap agreements \| Significant other observable inputs (Level 2)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative asset	1,768	4,313
Derivative liability	0	40,299
Fair Value, Measurements, Recurring \| Interest rate swap agreements \| Significant other unobservable inputs (Level 3)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative asset	0	0
Derivative liability	0	0
Fair Value, Measurements, Recurring \| Deferred compensation derivatives
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative asset	717	1,198
Fair Value, Measurements, Recurring \| Deferred compensation derivatives \| Quoted prices in active markets of identical assets (Level 1)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative asset	0	0
Fair Value, Measurements, Recurring \| Deferred compensation derivatives \| Significant other observable inputs (Level 2)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative asset	717	1,198
Fair Value, Measurements, Recurring \| Deferred compensation derivatives \| Significant other unobservable inputs (Level 3)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative asset	0	0
Fair Value, Measurements, Recurring \| Commodities futures and options
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative asset	2,348
Derivative liability	10,000	2,053
Fair Value, Measurements, Recurring \| Commodities futures and options \| Quoted prices in active markets of identical assets (Level 1)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative asset	2,348
Derivative liability	10,000	2,053
Fair Value, Measurements, Recurring \| Commodities futures and options \| Significant other observable inputs (Level 2)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative asset	0
Derivative liability	0	0
Fair Value, Measurements, Recurring \| Commodities futures and options \| Significant other unobservable inputs (Level 3)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative asset	0
Derivative liability	$ 0	$ 0

FAIR VALUE MEASUREMENTS - FAIR VALUE OF LONG TERM DEBT (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Current portion of long-term debt	$ 243	$ 499,923
Long-term portion	2,347,455	1,557,091
Long-term Debt	2,347,698	2,057,014
Significant other observable inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Current Maturities, Fair Value	243	509,580
Current portion of long-term debt	243	499,923
Long-term Debt, Excluding Current Maturities, Fair Value	2,379,054	1,668,379
Long-term portion	2,347,455	1,557,091
Long-term Debt, Fair Value	2,379,297	2,177,959
Long-term Debt	$ 2,347,698	$ 2,057,014

FAIR VALUE MEASUREMENTS - NARRATIVE (Details) - USD ($)	12 Months Ended
FAIR VALUE MEASUREMENTS - NARRATIVE (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Derivative [Line Items]
Goodwill and other intangible asset impairment charges	$ 4,204,000	$ 280,802,000	$ 15,900,000
Segment Reconciling Items [Member]
Derivative [Line Items]
Goodwill and other intangible asset impairment charges	4,204,000	280,802,000	15,900,000
Mauna Loa Macadamia Nut Corporation
Derivative [Line Items]
Goodwill and other intangible asset impairment charges			$ 18,531,000
Significant other unobservable inputs (Level 3)
Derivative [Line Items]
Fair Value, Net Asset (Liability)	$ 0	$ 0

BUSINESS REALIGNMENT ACTIVITIES - REALIGNMENT RELATED CHARGES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Restructuring Cost and Reserve [Line Items]
Business realignment charges	$ 107,571	$ 120,975	$ 34,290
Cost of Sales [Member]
Restructuring Cost and Reserve [Line Items]
Business realignment charges	58,106	8,801	1,622
Selling, marketing and administrative
Restructuring Cost and Reserve [Line Items]
Business realignment charges	16,939	17,368	2,947
Business realignment charges
Restructuring Cost and Reserve [Line Items]
Business realignment charges	32,526	94,806	29,721
Operation optimization program
Restructuring Cost and Reserve [Line Items]
Business realignment charges	88,293
2015 productivity initiative
Restructuring Cost and Reserve [Line Items]
Business realignment charges	19,278
Next Century program
Restructuring Cost and Reserve [Line Items]
Business realignment charges	0	0	9,087
Mauna Loa Macadamia Nut Corporation
Restructuring Cost and Reserve [Line Items]
Business realignment charges	0	2,667	22,256
Severance \| Operation optimization program
Restructuring Cost and Reserve [Line Items]
Business realignment charges	17,872	0	0
Severance \| 2015 productivity initiative
Restructuring Cost and Reserve [Line Items]
Business realignment charges	0	81,290	0
Severance \| Other international restructuring programs
Restructuring Cost and Reserve [Line Items]
Business realignment charges	0	6,651	2,947
Accelerated depreciation and amortization \| Operation optimization program
Restructuring Cost and Reserve [Line Items]
Business realignment charges	48,590	0	0
Accelerated depreciation and amortization \| Other international restructuring programs
Restructuring Cost and Reserve [Line Items]
Business realignment charges	0	5,904	0
Other program costs \| Operation optimization program
Restructuring Cost and Reserve [Line Items]
Business realignment charges	21,831	0	0
Other program costs \| 2015 productivity initiative
Restructuring Cost and Reserve [Line Items]
Business realignment charges	5,609	14,285	0
Pension settlement charge \| 2015 productivity initiative
Restructuring Cost and Reserve [Line Items]
Business realignment charges	$ 13,669	$ 10,178	$ 0

BUSINESS REALIGNMENT ACTIVITIES - NARRATIVE (Details) $ in Thousands	6 Months Ended	12 Months Ended
	Dec. 31, 2015 employee	Dec. 31, 2016 USD ($)	Dec. 31, 2015 USD ($)	Dec. 31, 2014 USD ($)
Restructuring Cost and Reserve [Line Items]
Business realignment charges		$ 107,571	$ 120,975	$ 34,290
Operation optimization program
Restructuring Cost and Reserve [Line Items]
Business realignment charges		88,293
Restructuring and related cost, expected cost		$ 37,000
Restructuring and Related Cost, Period of Incurred Restructuring Costs		2 years
2015 productivity initiative
Restructuring Cost and Reserve [Line Items]
Business realignment charges		$ 19,278
Restructuring and related cost, expected number of positions eliminated (employee) \| employee	300
Restructuring and Related Cost, Cost Incurred to Date		125,031
2015 productivity initiative \| Pension Settlement Cost
Restructuring Cost and Reserve [Line Items]
Business realignment charges		$ 13,669	$ 10,178
Business realignment charges \| Geographic Concentration Risk \| North America [Member]
Restructuring Cost and Reserve [Line Items]
Concentration Risk, Percentage		25.00%
Business realignment charges \| Geographic Concentration Risk \| International and Other \| Operation optimization program
Restructuring Cost and Reserve [Line Items]
Concentration Risk, Percentage		75.00%

BUSINESS REALIGNMENT ACTIVITIES - REALIGMNMENT RESERVE ROLLFORWARD (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2016 USD ($)
Restructuring Reserve [Roll Forward]
Liability balance at December 31, 2015	$ 16,310
2016 business realignment charges (1)	18,857
Cash payments	(31,522)
Other, net	80
Liability balance at December 31, 2016 (reported within accrued liabilities)	$ 3,725

INCOME TAXES - INCOME BEFORE TAXES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Domestic	$ 1,395,440	$ 1,357,618	$ 1,320,738
Foreign	(295,959)	(455,771)	(14,695)
Income before income taxes	$ 1,099,481	$ 901,847	$ 1,306,043

INCOME TAXES - COMPONENTS OF INCOME TAX EXPENSE (BENEFIT) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Current:
Federal	$ 391,705	$ 409,060	$ 385,642
State	51,706	47,978	52,331
Foreign	(25,877)	(29,605)	2,362
Current provision for income taxes	417,534	427,433	440,335
Deferred:
Federal	(7,706)	(31,153)	20,649
State	(452)	(2,346)	2,725
Foreign	(29,939)	(5,038)	(4,578)
Deferred income tax provision	(38,097)	(38,537)	18,796
Total provision for income taxes	$ 379,437	$ 388,896	$ 459,131

INCOME TAXES - NARRATIVE (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
INCOME TAXES - NARRATIVE (Details) - USD ($) $ in Thousands	Oct. 04, 2015	Sep. 28, 2014	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Tax Contingency [Line Items]
Income tax benefit associated with stock-based compensation			$ 17,814	$ 24,839
Amount of unrecognized tax benefits that if recognized would affect the effective tax rate			27,691	25,947
Net tax expense (benefit) for interest and penalties			75	1,153	$ 9,082
Accrued net interest and penalties			3,716	3,791
Income tax receivable			1,449	1,428
Expected reduction in the liability for unrecognized tax benefits within the next 12 months			4,160
Undistributed earnings of foreign subsidiaries			291,387
Investment tax credits and related tax depreciation benefits			52,342	43,437
Write-down of equity investments in partnerships qualifying for historic tax credits			43,482	39,489	$ 0
Other Nonoperating Income (Expense) \| Partnerships Qualifying For Tax Credits
Income Tax Contingency [Line Items]
Write-down of equity investments in partnerships qualifying for historic tax credits			43,482	$ 39,489
Foreign Tax Authority \| Canada Revenue Agency
Income Tax Contingency [Line Items]
Assessment related to other cross-border adjustments	$ 1,600	$ 612
Income tax receivable			$ 1,449

INCOME TAXES - DEFERRED TAX ASSETS AND LIABILITIES (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Deferred tax assets:
Post-retirement benefit obligations	$ 90,584	$ 95,763
Accrued expenses and other reserves	141,228	163,908
Stock-based compensation	48,500	46,665
Derivative instruments	44,010	8,858
Pension	14,662	28,940
Lease financing obligation	18,950	18,947
Accrued trade promotion reserves	50,463	36,501
Net operating loss carryforwards	143,085	99,155
Capital loss carryforwards	38,691	44,546
Other	14,452	14,444
Gross deferred tax assets	604,625	557,727
Valuation allowance	(235,485)	(207,055)
Total deferred tax assets	369,140	350,672
Deferred tax liabilities:
Property, plant and equipment, net	202,300	218,729
Acquired intangibles	113,074	120,420
Inventories	27,608	20,063
Other	8,884	8,258
Total deferred tax liabilities	351,866	367,470
Deferred Tax Assets, Net	17,274
Net deferred tax liabilities		(16,798)
Included in:
Non-current deferred tax assets, net	56,861	36,390
Non-current deferred tax liabilities, net	$ (39,587)	$ (53,188)

INCOME TAXES - EFFECTIVE INCOME TAX RATE RECONCILIATION (Details)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Federal statutory income tax rate	35.00%	35.00%	35.00%
State income taxes, net of Federal income tax benefits	3.40%	4.20%	3.00%
Qualified production income deduction	(3.80%)	(4.40%)	(2.40%)
Business realignment and impairment charges and gain on sale of trademark licensing rights	0.40%	10.80%	0.70%
Foreign rate differences	3.60%	2.20%	(0.10%)
Historic and solar tax credits	(3.30%)	(3.30%)	(0.00%)
Other, net	(0.80%)	(1.40%)	(1.00%)
Effective income tax rate	34.50%	43.10%	35.20%

INCOME TAXES - UNRECOGNIZED TAX BENEFITS RECONCILIATION (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Balance at beginning of year	$ 33,411	$ 32,230
Additions for tax positions taken during prior years	2,804	1,122
Reductions for tax positions taken during prior years	(4,080)	(2,112)
Additions for tax positions taken during the current year	9,100	6,623
Settlements	0	(702)
Expiration of statutes of limitations	(5,233)	(3,750)
Balance at end of year	$ 36,002	$ 33,411

PENSION AND OTHER POST-RETIREMENT BENEFIT PLANS - NARRATIVE (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2019	Dec. 31, 2016 USD ($) postretirement_plan	Dec. 31, 2015 USD ($)	Dec. 31, 2014 USD ($)
Defined Benefit Plan Disclosure [Line Items]
Number of defined benefit, other post-retirement plans, and defined contribution other post-retirement plans (postretirement plan) \| postretirement_plan			2
Defined benefit plan, accumulated benefit obligation			$ 1,081,261	$ 1,129,052
Defined contribution pan, cost recognized			43,545	44,285	$ 46,064
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Employer contributions			21,580	$ 32,898
Defined benefit plans, minimum future employer contributions in next fiscal year			1,158
Net pension liability			$ 5,082
Other Benefits
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, ultimate health care cost trend rate, pre sixty five			7.00%	6.50%
Defined benefit plan, ultimate health care cost trend rate, post sixty five				7.30%
Employer contributions			$ 20,117	$ 20,375
Other Benefits \| Scenario, Forecast
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, ultimate health care cost trend rate	5.00%	5.00%
Domestic Plans
Defined Benefit Plan Disclosure [Line Items]
Employer contributions			$ 18,000
Minimum \| Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Expected period from date of approved amendment to complete termination			15 months
Maximum \| Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Expected period from date of approved amendment to complete termination			18 months

PENSION AND OTHER POST-RETIREMENT BENEFIT PLANS - CHANGES IN BENEFIT OBLIGATIONS, AND PLAN ASSETS AND FUNDED STATUS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Amounts recognized in Accumulated Other Comprehensive Income (Loss), net of tax:
Net amounts recognized in AOCI	$ 207,169	$ 254,648
Pension Benefits
Change in benefit obligation
Projected benefit obligation at beginning of year	1,169,424	1,260,895
Service cost	23,075	28,300	$ 26,935
Interest cost	41,875	44,179	48,886
Plan amendments	(43,065)	67
Actuarial (gain) loss	15,804	(51,064)
Curtailment	0	(2,693)
Settlement	(59,784)	(57,193)
Divestiture	0	(4,047)
Currency translation and other	1,416	(11,456)
Benefits paid	(30,427)	(37,564)
Projected benefit obligation at end of year	1,118,318	1,169,424	1,260,895
Change in plan assets
Fair value of plan assets at beginning of year	1,041,902	1,136,943
Actual return on plan assets	49,012	(19,804)
Employer contributions	21,580	32,898
Settlement	(59,784)	(57,193)
Divestiture	0	(2,485)
Currency translation and other	1,393	(10,893)
Benefits paid	(30,427)	(37,564)
Fair value of plan assets at end of year	1,023,676	1,041,902	1,136,943
Funded status at end of year	(94,642)	(127,522)
Amounts recognized in the Consolidated Balance Sheets:
Other assets	39	0
Accrued liabilities	(28,994)	(4,841)
Other long-term liabilities	(65,687)	(122,681)
Total	(94,642)	(127,522)
Amounts recognized in Accumulated Other Comprehensive Income (Loss), net of tax:
Actuarial net (loss) gain	(243,228)	(264,570)
Net prior service credit (cost)	28,360	4,267
Net amounts recognized in AOCI	(214,868)	(260,303)
Other Benefits
Change in benefit obligation
Projected benefit obligation at beginning of year	255,617	294,064
Service cost	299	542	706
Interest cost	9,731	10,187	11,696
Plan amendments	0	0
Actuarial (gain) loss	(2,998)	(26,887)
Curtailment	0	292
Settlement	0	0
Divestiture	0	0
Currency translation and other	314	(2,206)
Benefits paid	(20,117)	(20,375)
Projected benefit obligation at end of year	242,846	255,617	294,064
Change in plan assets
Fair value of plan assets at beginning of year	0	0
Actual return on plan assets	0	0
Employer contributions	20,117	20,375
Settlement	0	0
Divestiture	0	0
Currency translation and other	0	0
Benefits paid	(20,117)	(20,375)
Fair value of plan assets at end of year	0	0	$ 0
Funded status at end of year	(242,846)	(255,617)
Amounts recognized in the Consolidated Balance Sheets:
Other assets	0	0
Accrued liabilities	(22,576)	(24,205)
Other long-term liabilities	(220,270)	(231,412)
Total	(242,846)	(255,617)
Amounts recognized in Accumulated Other Comprehensive Income (Loss), net of tax:
Actuarial net (loss) gain	9,264	7,574
Net prior service credit (cost)	(1,565)	(1,919)
Net amounts recognized in AOCI	$ 7,699	$ 5,655

PENSION AND OTHER POST-RETIREMENT BENEFIT PLANS - PLANS WITH ACCUMULATED BENEFIT OBLIGATIONS IN EXCESS OF PLAN ASSETS (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Compensation and Retirement Disclosure [Abstract]
Projected benefit obligation	$ 1,118,294	$ 1,110,232
Accumulated benefit obligation	1,081,254	1,081,002
Fair value of plan assets	$ 1,023,613	$ 985,111

PENSION AND OTHER POST-RETIREMENT BENEFIT PLANS - COMPONENTS OF NET PERIODIC BENEFIT COST (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Pension Benefits
Amounts recognized in net periodic benefit cost
Service cost	$ 23,075	$ 28,300	$ 26,935
Interest cost	41,875	44,179	48,886
Expected return on plan assets	(58,820)	(68,830)	(74,080)
Amortization of prior service (credit) cost	(1,555)	(1,178)	(667)
Amortization of net loss (gain)	34,940	30,510	23,360
Curtailment credit	0	(688)	0
Settlement loss	22,657	23,067	0
Total net periodic benefit cost	62,172	55,360	24,434
Change in plan assets and benefit obligations recognized in AOCI, pre-tax
Actuarial net (gain) loss	(31,772)	(21,554)	99,136
Prior service (credit) cost	(41,517)	1,748	833
Total recognized in other comprehensive (income) loss, pre-tax	(73,289)	(19,806)	99,969
Net amounts recognized in periodic benefit cost and AOCI	(11,117)	35,554	124,403
Other Benefits
Amounts recognized in net periodic benefit cost
Service cost	299	542	706
Interest cost	9,731	10,187	11,696
Expected return on plan assets	0	0	0
Amortization of prior service (credit) cost	575	611	616
Amortization of net loss (gain)	(13)	(57)	(141)
Curtailment credit	0	204	0
Settlement loss	0	0	0
Total net periodic benefit cost	10,592	11,487	12,877
Change in plan assets and benefit obligations recognized in AOCI, pre-tax
Actuarial net (gain) loss	(3,047)	(26,270)	36,021
Prior service (credit) cost	(572)	(834)	(629)
Total recognized in other comprehensive (income) loss, pre-tax	(3,619)	(27,104)	35,392
Net amounts recognized in periodic benefit cost and AOCI	$ 6,973	$ (15,617)	$ 48,269

PENSION AND OTHER POST-RETIREMENT BENEFIT PLANS - AMOUNTS EXPECTED TO BE AMORTIZED FROM AOCI INTO NET PERIODIC BENEFIT (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2016 USD ($)
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Amortization of net actuarial loss (gain)	$ 33,567
Amortization of prior service (credit) cost	(5,822)
Other Benefits
Defined Benefit Plan Disclosure [Line Items]
Amortization of net actuarial loss (gain)	(1)
Amortization of prior service (credit) cost	$ 747

PENSION AND OTHER POST-RETIREMENT BENEFIT PLANS - WEIGHTED AVERAGE ASSUMPTIONS USED IN COMPUTING BENEFIT OBLIGATIONS (Details)	Dec. 31, 2016	Dec. 31, 2015
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Discount rate	3.80%	4.00%
Rate of increase in compensation levels	3.80%	3.80%
Other Benefits
Defined Benefit Plan Disclosure [Line Items]
Discount rate	3.80%	4.00%

PENSION AND OTHER POST-RETIREMENT BENEFIT PLANS - WEIGHTED AVERAGE ASSUMPTIONS USED IN COMPUTING NET PERIODIC BENEFIT COST (Details)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Discount rate	4.00%	3.70%	4.50%
Expected long-term return on plan assets	6.10%	6.30%	7.00%
Rate of compensation increase	3.80%	4.10%	4.00%
Other Benefits
Defined Benefit Plan Disclosure [Line Items]
Discount rate	4.00%	3.70%	4.50%

PENSION AND OTHER POST-RETIREMENT BENEFIT PLANS - ONE PERCENT CHANGE IN ASSUMED HEALTH CARE TREND RATE EFFECTS (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2016 USD ($)
Compensation and Retirement Disclosure [Abstract]
Effect on total service and interest cost components, one percentage point increase	$ 151
Effect on total service and interest cost components, one percentage point decrease	(132)
Effect on post-retirement benefit obligation, one percentage point increase	3,858
Effect on post-retirement benefit obligation, one percentage point decrease	$ (3,373)

PENSION AND OTHER POST-RETIREMENT BENEFIT PLANS - SUMMARY OF PLAN ASSETS ACROSS ASSET CLASSES (Details) - Domestic Plans	12 Months Ended
	Dec. 31, 2016
Cash
Defined Benefit Plan Disclosure [Line Items]
Target Asset Allocation	1.00%
Equity securities
Defined Benefit Plan Disclosure [Line Items]
Target Asset Allocation	25.00%
Fixed income securities
Defined Benefit Plan Disclosure [Line Items]
Target Asset Allocation	49.00%
Other Investments [Member]
Defined Benefit Plan Disclosure [Line Items]
Target Asset Allocation	25.00%

PENSION AND OTHER POST-RETIREMENT BENEFIT PLANS - EXPECTED BENEFIT PAYMENTS TO BE PAID (Details) $ in Thousands	Dec. 31, 2016 USD ($)
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
2017	$ 96,972
2018	69,299
2019	73,438
2020	78,863
2021	79,714
2022-2026	423,587
Other Benefits
Defined Benefit Plan Disclosure [Line Items]
2017	22,593
2018	20,546
2019	18,813
2020	17,642
2021	16,698
2022-2026	$ 71,616

STOCK COMPENSATION PLANS - NARRATIVE (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, number of shares authorized (shares)	68,500,000
Employee service share-based compensation, nonvested awards, compensation cost not yet recognized	$ 60,963
Employee service share-based compensation, nonvested awards, compensation cost not yet recognized, period for recognition	2 years 2 months
Intrinsic value of share-based liabilities paid, combined with the fair value of shares vested (in millions of dollars)	$ 22,062	$ 46,113	$ 57,360
Deferred performance stock units, deferred restricted stock units, and directors' fees and accumulated dividend amounts representing deferred stock units outstanding	483,465
Employee stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee service share-based compensation, nonvested awards, compensation cost not yet recognized, period for recognition	2 years 5 months
Share-based compensation arrangement by share-based payment award, expiration period	10 years
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	4 years
Weighted-average fair value of options granted (per share)	$ 11.46	$ 18.99	$ 21.50
Intrinsic value of options exercised (in millions of dollars)	$ 73,944	$ 66,161	$ 133,948
Employee service share-based compensation, nonvested awards, compensation not yet recognized, stock options	$ 16,372
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee service share-based compensation, nonvested awards, compensation cost not yet recognized, period for recognition	3 years
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years
Performance stock units for which measurement date has not yet occurred for accounting purposes (shares)	6,410	20,586
Performance Shares [Member] \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation arrangement, by share based payment award, equity instruments other than options, performance score, percentage	0.00%
Performance Shares [Member] \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation arrangement, by share based payment award, equity instruments other than options, performance score, percentage	250.00%
Performance Stock Units and Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, conversion basis (shares)	1

STOCK COMPENSATION PLANS - COMPENSATION EXPENSE AND INCOME TAX BENEFITS FOR STOCK-BASED COMPENSATION PROGRAMS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Pre-tax compensation expense	$ 54,785	$ 51,533	$ 54,068
Related income tax benefit	$ 17,148	$ 17,109	$ 18,653

STOCK COMPENSATION PLANS - STOCK OPTION ACTIVITY (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding shares at beginning of year (shares)	6,842,563
Granted (shares)	1,356,440
Exercised (shares)	(1,762,827)
Forfeited (shares)	(244,168)
Outstanding as of December 31, 2015 (shares)	6,192,008	6,842,563
Options exercisable as of December 31, 2015 (shares)	3,498,601
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Outstanding (USD per share)	$ 75.48
Granted (USD per share)	90.73
Exercises (USD per share)	58.72
Forfeited (USD per share)	98.72
Outstanding (USD per share)	82.67	$ 75.48
Options exercisable (USD per share)	$ 72.15
Options outstanding, weighted-average remaining contractual term	6 years 2 months	5 years 9 months
Options exercisable, weighted aver remaining contractual term	4 years 7 months
Aggregate intrinsic value of options outstanding	$ 121,202
Aggregate intrinsic value of options exercisable	$ 103,865

STOCK COMPENSATION PLANS - FAIR VALUE WEIGHTED-AVERAGE ASSUMPTIONS (Details)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Dividend yields	2.40%	2.10%	2.00%
Expected volatility	16.80%	20.70%	22.30%
Risk-free interest rates	1.50%	1.90%	2.10%
Expected term in years	6 years 9 months	6 years 8 months	6 years 8 months

STOCK COMPENSATION PLANS - STOCK OPTION INFORMATION BY EXERCISE PRICE RANGE (Details)	12 Months Ended
	Dec. 31, 2016 $ / shares shares
$33.40 - $60.68
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Lower Range Limit	$ 33.40
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Upper Range Limit	$ 60.68
Number Outstanding as of 12/31/15 (shares) \| shares	1,825,259
Weighted- Average Remaining Contractual Life in Years	3 years 6 months
Weighted- Average Exercise Price (USD per share)	$ 51.27
Number Exercisable as of 12/31/15 (shares) \| shares	1,825,259
Weighted- Average Exercise Price (USD per share)	$ 51.27
$60.69 - $90.39
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Lower Range Limit	60.69
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Upper Range Limit	$ 90.39
Number Outstanding as of 12/31/15 (shares) \| shares	2,208,766
Weighted- Average Remaining Contractual Life in Years	7 years 6 months
Weighted- Average Exercise Price (USD per share)	$ 86.58
Number Exercisable as of 12/31/15 (shares) \| shares	730,253
Weighted- Average Exercise Price (USD per share)	$ 81.66
$90.40 - $111.76
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Lower Range Limit	90.40
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Upper Range Limit	$ 111.76
Number Outstanding as of 12/31/15 (shares) \| shares	2,157,983
Weighted- Average Remaining Contractual Life in Years	7 years 1 month
Weighted- Average Exercise Price (USD per share)	$ 105.22
Number Exercisable as of 12/31/15 (shares) \| shares	943,089
Weighted- Average Exercise Price (USD per share)	$ 105.20
$33.40 - $111.76
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Lower Range Limit	33.40
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Upper Range Limit	$ 111.76
Number Outstanding as of 12/31/15 (shares) \| shares	6,192,008
Weighted- Average Remaining Contractual Life in Years	6 years 2 months
Weighted- Average Exercise Price (USD per share)	$ 82.67
Number Exercisable as of 12/31/15 (shares) \| shares	3,498,601
Weighted- Average Exercise Price (USD per share)	$ 72.15

STOCK COMPENSATION PLANS - SUMMARY OF PSUs AND RSUs ACTIVITY (Details) - Performance and restricted stock options - $ / shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Outstanding at beginning of year (shares)	495,207
Granted (shares)	545,750	381,407	331,788
Performance assumption change (shares)	79,889
Vested (shares)	(239,270)
Forfeited (shares)	(53,348)
Outstanding at end of year (shares)	828,228	495,207
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Outstanding at beginning of year (USD per share)	$ 106.40
Weighted-average fair value at date of grant (USD per share)	93.55	$ 104.68	$ 115.57
Performance assumption change	92.43
Vested (USD per share)	94.59
Forfeited (USD per share)	98.93
Outstanding at end of year (USD per share)	$ 102.66	$ 106.40

STOCK COMPENSATION PLANS - PSUs AND RSUS FAIR VALUE WEIGHTED-AVERAGE ASSUMPTIONS (Details) - $ / shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividend yields	2.40%	2.10%	2.00%
Performance and restricted stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Units granted (shares)	545,750	381,407	331,788
Weighted-average fair value at date of grant (USD per share)	$ 93.55	$ 104.68	$ 115.57
Estimated values (USD per share)	$ 38.02	$ 61.22	$ 80.95
Dividend yields	2.50%	2.00%	1.80%
Expected volatility	17.00%	14.90%	15.50%

SEGMENT INFORMATION NARRATIVE (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
North America \| Geographic Concentration Risk \| Sales Revenue, Goods, Net
Revenue, Major Customer [Line Items]
Concentration Risk, Percentage		88.00%
Commodities futures and options
Revenue, Major Customer [Line Items]
Derivative, Gain (Loss) on Derivative, Net		$ (171,753)
Operating Segments \| Commodities futures and options
Revenue, Major Customer [Line Items]
Derivative, Gain (Loss) on Derivative, Net		$ (8,515)
Scenario, Forecast \| Operating Segments \| Commodities futures and options
Revenue, Major Customer [Line Items]
Derivative, Gain (Loss) on Derivative, Net	$ (88,300)

SEGMENT INFORMATION SALES AND INCOME (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Oct. 02, 2016	Jul. 03, 2016	Apr. 03, 2016	Dec. 31, 2015	Oct. 04, 2015	Jul. 05, 2015	Apr. 05, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Segment Reporting Information [Line Items]
Net Sales	$ 1,970,244	$ 2,003,454	$ 1,637,671	$ 1,828,812	$ 1,909,222	$ 1,960,779	$ 1,578,825	$ 1,937,800	$ 7,440,181	$ 7,386,626	$ 7,421,768
Operating Income (Loss)									1,205,783	1,037,759	1,392,261
Goodwill and other intangible asset impairment charges									4,204	280,802	15,900
Costs associated with business realignment activities									107,571	120,975	34,290
Interest expense, net									90,143	105,773	83,532
Other (income) expense, net									16,159	30,139	2,686
Income before income taxes									1,099,481	901,847	1,306,043
Operating Segments
Segment Reporting Information [Line Items]
Operating Income (Loss)									2,011,856	1,975,900	1,956,211
Operating Segments \| North America
Segment Reporting Information [Line Items]
Net Sales									6,532,988	6,468,158	6,352,729
Operating Income (Loss)									2,040,995	2,073,967	1,916,207
Operating Segments \| International and Other
Segment Reporting Information [Line Items]
Net Sales									907,193	918,468	1,069,039
Operating Income (Loss)									(29,139)	(98,067)	40,004
Corporate, Non-Segment
Segment Reporting Information [Line Items]
Operating Income (Loss)									497,423	497,386	503,234
Segment Reconciling Items [Member]
Segment Reporting Information [Line Items]
Derivative, Gain (Loss) on Derivative, Net									163,238	0	0
Goodwill and other intangible asset impairment charges									4,204	280,802	15,900
Costs associated with business realignment activities									107,571	120,975	34,290
Non-service related pension expense (income)									27,157	18,079	(1,834)
Acquisition and integration costs									$ 6,480	$ 20,899	$ 12,360

SEGMENT INFORMATION SEGMENT INFORMATION (SUMMARY OF DERIVATIVE INFORMATION) (Details) - Commodities futures and options $ in Thousands	12 Months Ended
	Dec. 31, 2016 USD ($)
Segment Reporting Information [Line Items]
Derivative, Gain (Loss) on Derivative, Net	$ (171,753)
Segment Reconciling Items [Member]
Segment Reporting Information [Line Items]
Derivative, Gain (Loss) on Derivative, Net	(163,238)
Operating Segments
Segment Reporting Information [Line Items]
Derivative, Gain (Loss) on Derivative, Net	$ (8,515)

SEGMENT INFORMATION DEPRECIATION AND AMORTIZATION (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Segment Reporting Information [Line Items]
Depreciation and amortization	$ 301,837	$ 244,928	$ 211,532
Operating Segments \| North America
Segment Reporting Information [Line Items]
Depreciation and amortization	162,211	153,185	146,475
Operating Segments \| International and Other
Segment Reporting Information [Line Items]
Depreciation and amortization	50,753	46,342	28,463
Corporate, Non-Segment \| Corporate (1)
Segment Reporting Information [Line Items]
Depreciation and amortization	$ 88,873	$ 45,401	$ 36,594

SEGMENT INFORMATION BY GEOGRAPHY (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Oct. 02, 2016	Jul. 03, 2016	Apr. 03, 2016	Dec. 31, 2015	Oct. 04, 2015	Jul. 05, 2015	Apr. 05, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	$ 1,970,244	$ 2,003,454	$ 1,637,671	$ 1,828,812	$ 1,909,222	$ 1,960,779	$ 1,578,825	$ 1,937,800	$ 7,440,181	$ 7,386,626	$ 7,421,768
Long-lived assets	2,177,248				2,240,460				2,177,248	2,240,460	2,151,901
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales									6,196,723	6,116,490	5,996,564
Long-lived assets	1,528,255				1,528,723				1,528,255	1,528,723	1,477,455
Other
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales									1,243,458	1,270,136	1,425,204
Long-lived assets	$ 648,993				$ 711,737				$ 648,993	$ 711,737	$ 674,446

EQUITY AND NONCONTROLLING INTERESTS - NARRATIVE (Details)	12 Months Ended
	Dec. 31, 2016 vote $ / shares shares	Dec. 31, 2015 shares	Dec. 31, 2014 shares
Class of Stock [Line Items]
Common and preferred shares authorized (shares)	1,055,000,000
Preferred stock, shares authorized (shares)	5,000,000
Preferred stock, par value (USD per share) \| $ / shares	$ 1
Common stock, shares, outstanding (shares)	212,259,735	216,777,360	221,044,958
Noncontrolling Interests in Subsidiaries \| Lotte Shanghai Food Company
Class of Stock [Line Items]
Noncontrolling interest, ownership percentage by parent	50.00%
Common stock
Class of Stock [Line Items]
Common stock, shares authorized (shares)	900,000,000
Common stock, par (USD per share) \| $ / shares	$ 1
Common stock, voting rights (vote) \| vote	1
Common stock voting rights, board election percentage	16.66%
Dividends, common sock, cash, additional percentage over Class B common stock dividends	10.00%
Common stock \| Hershey Trust Company
Class of Stock [Line Items]
Common stock, shares, outstanding (shares)	12,903,021
Class B common stock
Class of Stock [Line Items]
Common stock, shares authorized (shares)	150,000,000
Common stock, voting rights (vote) \| vote	10
Conversion of Stock, Shares Converted	0	0	440
Class B common stock \| Hershey Trust Company
Class of Stock [Line Items]
Common stock, shares, outstanding (shares)	60,612,012
Common stock, voting percentage	80.00%

EQUITY AND NONCONTROLLING INTERESTS - COMMON STOCK OUTSTANDING (Details) - shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Class of Stock [Line Items]
Common stock, shares issued (shares)	359,901,744	359,901,744	359,901,744
Treasury Stock, Shares [Roll Forward]
Treasury stock, shares, beginning of the period (shares)	(143,124,384)	(138,856,786)	(136,007,023)
Stock repurchases:
Treasury stock, shares, end of the period (shares)	(147,642,009)	(143,124,384)	(138,856,786)
Stock issuances:
Common stock, shares, outstanding (shares)	212,259,735	216,777,360	221,044,958
Employee stock options
Stock repurchases:
Stock repurchased during the period (shares)	(1,820,766)	(1,776,838)	(3,676,513)
Stock issuances:
Stock issued during period, shares, share-based compensation (gross)	1,944,105	1,718,352	2,962,018
Common stock
Class of Stock [Line Items]
Common stock, shares issued (shares)	299,281,967	299,281,967
Stock repurchases:
Stock repurchased during the period (shares)	(4,640,964)	(4,209,112)	(2,135,268)

EQUITY AND NONCONTROLLING INTERESTS - NONCONTROLLING INTEREST AND REDEEMABLE NONCONTROLLING INTEREST (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Balance, December 31, 2015	$ 49,465
Net income (loss) attributable to noncontrolling interests	(3,970)	$ 577	$ 3,526
Balance, December 31, 2016	41,831	49,465
Noncontrolling Interests in Subsidiaries
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Balance, December 31, 2015	49,465
Net income (loss) attributable to noncontrolling interests	(3,970)	577	$ 3,526
Other comprehensive loss - foreign currency translation adjustments	(3,664)
Balance, December 31, 2016	$ 41,831	$ 49,465

COMMITMENTS AND CONTINGENCIES - PURCHASE OBLIGATIONS (Details) - Inventories $ in Millions	Dec. 31, 2016 USD ($)
Unrecorded Unconditional Purchase Obligation, Fiscal Year Maturity [Abstract]
2017	$ 1,282.2
2018	240.5
2019	36.0
2020	$ 0.0

COMMITMENTS AND CONTINGENCIES - OPERATING LEASE OBLIGATIONS (Details) $ in Millions	Dec. 31, 2016 USD ($)
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]
2017	$ 11.7
2018	13.7
2019	12.4
2020	10.9
2021	10.8
Thereafter	$ 189.0

COMMITMENTS AND CONTINGENCIES - NARRATIVE (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Loss Contingencies [Line Items]
Rent expense	$ 20,330	$ 19,754	$ 21,423

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Oct. 02, 2016	Jul. 03, 2016	Apr. 03, 2016	Dec. 31, 2015	Oct. 04, 2015	Jul. 05, 2015	Apr. 05, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Common stock
Basic earnings per share:
Allocation of distributed earnings (cash dividends paid)									$ 367,081	$ 352,953	$ 328,752
Allocation of undistributed earnings									162,299	27,324	303,801
Total earnings—basic									$ 529,380	$ 380,277	$ 632,553
Total weighted-average shares—basic (shares)									153,519	158,471	161,935
Earnings Per Share—basic (USD per share)	$ 0.56	$ 1.09	$ 0.70	$ 1.09	$ 1.08	$ 0.66	$ (0.47)	$ 1.14	$ 3.45	$ 2.40	$ 3.91
Diluted earnings per share:
Allocation of total earnings used in basic computation									$ 529,380	$ 380,277	$ 632,553
Reallocation of total earnings as a result of conversion of Class B common stock to Common stock									190,664	132,674	214,359
Reallocation of undistributed earnings									0	0	0
Total earnings—diluted									$ 720,044	$ 512,951	$ 846,912
Conversion of Class B common stock to Common shares outstanding									60,620	60,620	60,620
Total weighted-average shares—diluted (shares)									215,304	220,651	224,837
Earnings Per Share—diluted (USD per share)	0.55	1.06	0.68	1.06	1.04	0.64	(0.47)	1.10	$ 3.34	$ 2.32	$ 3.77
Common stock \| Employee stock options
Diluted earnings per share:
Incremental common shares attributable to dilutive effect of share-based payment arrangements									964	1,335	1,920
Common stock \| Performance and restricted stock options
Diluted earnings per share:
Incremental common shares attributable to dilutive effect of share-based payment arrangements									201	225	362
Class B common stock
Basic earnings per share:
Allocation of distributed earnings (cash dividends paid)									$ 132,394	$ 123,179	$ 111,662
Allocation of undistributed earnings									58,270	9,495	102,697
Total earnings—basic									$ 190,664	$ 132,674	$ 214,359
Total weighted-average shares—basic (shares)									60,620	60,620	60,620
Earnings Per Share—basic (USD per share)	0.51	0.99	0.64	0.99	0.98	0.60	(0.42)	1.04	$ 3.15	$ 2.19	$ 3.54
Diluted earnings per share:
Allocation of total earnings used in basic computation									$ 190,664	$ 132,674	$ 214,359
Reallocation of total earnings as a result of conversion of Class B common stock to Common stock									0	0	0
Reallocation of undistributed earnings									(324)	(69)	(1,071)
Total earnings—diluted									$ 190,340	$ 132,605	$ 213,288
Conversion of Class B common stock to Common shares outstanding									0	0	0
Total weighted-average shares—diluted (shares)									60,620	60,620	60,620
Earnings Per Share—diluted (USD per share)	$ 0.51	$ 0.99	$ 0.64	$ 0.99	$ 0.98	$ 0.60	$ (0.42)	$ 1.03	$ 3.14	$ 2.19	$ 3.52
Class B common stock \| Employee stock options
Diluted earnings per share:
Incremental common shares attributable to dilutive effect of share-based payment arrangements									0	0	0
Class B common stock \| Performance and restricted stock options
Diluted earnings per share:
Incremental common shares attributable to dilutive effect of share-based payment arrangements									0	0	0

EARNINGS PER SHARE - NARRATIVE (Details) - shares shares in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Employee stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (shares)	3,680	2,660	1,510

OTHER (INCOME) EXPENSE, NET OTHER (INCOME) EXPENSE, NET (Details) - USD ($) $ in Thousands		12 Months Ended
	Feb. 03, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]
Write-down of equity investments in partnerships qualifying for tax credits		$ 43,482	$ 39,489	$ 0
Settlement of SGM liability (see Note 2)		(26,650)	0	0
Gain on acquisition of controlling interest in LSFC		0	0	(4,627)
Other (income) expense, net		(673)	600	591
Total		16,159	30,139	2,686
Shanghai Golden Monkey Food Joint Stock Co., Ltd.
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]
Settlement of SGM liability (see Note 2)	$ (26,650)	(26,650)	0	0
Lotte Shanghai Food Company
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]
Foreign currency exchange loss relating to strategy to cap SGM acquisition price as denominated in U.S. dollars		0	0	6,722
Trademarks
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]
Gain on sale of non-core trademark		$ 0	$ (9,950)	$ 0

SUPPLEMENTAL BALANCE SHEET INFORMATION (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Inventory, Net [Abstract]
Raw materials	$ 315,239	$ 353,451
Goods in process	88,490	67,745
Finished goods	528,587	534,983
Inventories at FIFO	932,316	956,179
Adjustment to LIFO	(186,638)	(205,209)
Total inventories	745,678	750,970
Property, Plant and Equipment [Abstract]
Land	103,865	96,666
Buildings	1,238,634	1,084,958
Machinery and equipment	3,001,552	2,886,723
Construction in progress	230,987	448,956
Property, plant and equipment, gross	4,575,038	4,517,303
Accumulated depreciation	(2,397,790)	(2,276,843)
Property, plant and equipment, net	2,177,248	2,240,460	$ 2,151,901
Other Assets, Noncurrent [Abstract]
Capitalized software, net	95,301	68,004
Income tax receivable	1,449	1,428
Other non-current assets	71,615	85,934
Total other assets	168,365	155,366
Accrued Liabilities, Current [Abstract]
Payroll, compensation and benefits	240,080	215,638
Advertising and promotion	358,573	337,945
Due to SGM shareholders	0	72,025
Other	152,333	231,359
Total accrued liabilities	750,986	856,967
Other Liabilities, Noncurrent [Abstract]
Post-retirement benefits liabilities	220,270	231,412
Pension benefits liabilities	65,687	122,681
Other	114,204	114,625
Total other long-term liabilities	400,161	468,718
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Foreign currency translation adjustments	(110,613)	(101,236)
Pension and post-retirement benefit plans, net of tax	(207,169)	(254,648)
Cash flow hedges, net of tax	(58,106)	(15,141)
Accumulated Other Comprehensive Income (Loss), Net of Tax	$ (375,888)	$ (371,025)

QUARTERLY DATA (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Oct. 02, 2016	Jul. 03, 2016	Apr. 03, 2016	Dec. 31, 2015	Oct. 04, 2015	Jul. 05, 2015	Apr. 05, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Net sales	$ 1,970,244	$ 2,003,454	$ 1,637,671	$ 1,828,812	$ 1,909,222	$ 1,960,779	$ 1,578,825	$ 1,937,800	$ 7,440,181	$ 7,386,626	$ 7,421,768
Gross profit	742,269	850,848	747,398	817,376	877,718	868,706	735,408	900,843	3,157,891	3,382,675	3,336,166
Net income	$ 116,853	227,403	$ 145,956	$ 229,832	$ 227,889	$ 140,266	$ (99,941)	$ 244,737	720,044	512,951	846,912
Increase to cost of good sold, due to recast adjustment									$ (4,282,290)	$ (4,003,951)	$ (4,085,602)
Hedge Accounting Compliance For Cocoa Commodity Derivatives \| Recast Adjustment
Increase to cost of good sold, due to recast adjustment		$ (23,358)
Maximum
Market price of common stock throughout the quarter (USD per share)	$ 104.44	$ 113.89	$ 113.49	$ 93.71	$ 97.07	$ 94.31	$ 101.74	$ 110.78	$ 104.44	$ 97.07
Minimum
Market price of common stock throughout the quarter (USD per share)	94.63	94.64	89.60	83.32	83.58	85.13	87.86	98.52	94.63	83.58
Common stock
Net income per share - basic (USD per share)	0.56	1.09	0.70	1.09	1.08	0.66	(0.47)	1.14	3.45	2.40	$ 3.91
Net income per share - diluted (USD per share)	0.55	1.06	0.68	1.06	1.04	0.64	(0.47)	1.10	3.34	2.32	3.77
Dividends paid per share (USD per share)	0.618	0.618	0.583	0.583	0.583	0.583	0.535	0.535	2.402	2.236	2.04
Class B common stock
Net income per share - basic (USD per share)	0.51	0.99	0.64	0.99	0.98	0.60	(0.42)	1.04	3.15	2.19	3.54
Net income per share - diluted (USD per share)	0.51	0.99	0.64	0.99	0.98	0.60	(0.42)	1.03	3.14	2.19	3.52
Dividends paid per share (USD per share)	$ 0.562	$ 0.562	$ 0.530	$ 0.530	$ 0.53	$ 0.53	$ 0.486	$ 0.486	$ 2.184	$ 2.032	$ 1.842

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	$ 262,325	$ 174,856	$ 102,052
Charged to Costs and Expenses	232,797	264,888	238,376
Charged to Other Accounts	0	0	0
Deductions from Reserves	(199,441)	(177,419)	(165,572)
Balance at End of Period	295,681	262,325	174,856
Allowance for Trade Receivables
Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	32,638	15,885	14,329
Charged to Costs and Expenses	174,314	172,622	153,652
Charged to Other Accounts	0	0	0
Deductions from Reserves	(166,799)	(155,869)	(152,096)
Balance at End of Period	40,153	32,638	15,885
Valuation Allowance of Net Deferred Taxes
Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	207,055	147,223	87,159
Charged to Costs and Expenses	28,430	59,832	60,064
Charged to Other Accounts	0	0	0
Deductions from Reserves	0	0	0
Balance at End of Period	235,485	207,055	147,223
Inventory Obsolescence Reserve
Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	22,632	11,748	564
Charged to Costs and Expenses	30,053	32,434	24,660
Charged to Other Accounts	0	0	0
Deductions from Reserves	(32,642)	(21,550)	(13,476)
Balance at End of Period	$ 20,043	$ 22,632	$ 11,748

PENSION AND OTHER POST-RETIREMENT BENEFIT PLANS - PENSION PLAN ASSETS WITHIN THE FAIR VALUE HIERARCHY (Details) - Pension Benefits - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	$ 1,023,676	$ 1,041,902	$ 1,136,943
Quoted prices in active markets of identical assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	20,792	467,085
Significant other observable inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	1,002,884	574,817
Significant other unobservable inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	0	0
Cash and cash equivalents
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	10,116	32,152
Cash and cash equivalents \| Quoted prices in active markets of identical assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	576	1,763
Cash and cash equivalents \| Significant other observable inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	9,540	30,389
Cash and cash equivalents \| Significant other unobservable inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	0	0
U.S. all-cap
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets		138,367
U.S. all-cap \| Quoted prices in active markets of identical assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets		0
U.S. all-cap \| Significant other observable inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets		138,367
U.S. all-cap \| Significant other unobservable inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets		0
International all-cap
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets		111,980
International all-cap \| Quoted prices in active markets of identical assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets		108,862
International all-cap \| Significant other observable inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets		3,118
International all-cap \| Significant other unobservable inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets		0
Global all-cap
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	262,430	269,220
Global all-cap \| Quoted prices in active markets of identical assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	20,216	73,157
Global all-cap \| Significant other observable inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	242,214	196,063
Global all-cap \| Significant other unobservable inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	0	0
U.S. government/agency
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	228,648	237,514
U.S. government/agency \| Quoted prices in active markets of identical assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	0	117,378
U.S. government/agency \| Significant other observable inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	228,648	120,136
U.S. government/agency \| Significant other unobservable inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	0	0
Corporate bonds
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	199,634	139,224
Corporate bonds \| Quoted prices in active markets of identical assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	0	101,476
Corporate bonds \| Significant other observable inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	199,634	37,748
Corporate bonds \| Significant other unobservable inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	0	0
Collateralized obligations
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	50,532	40,689
Collateralized obligations \| Quoted prices in active markets of identical assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	0	32,532
Collateralized obligations \| Significant other observable inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	50,532	8,157
Collateralized obligations \| Significant other unobservable inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	0	0
International government/corporate bonds
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	30,928	72,756
International government/corporate bonds \| Quoted prices in active markets of identical assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	0	31,917
International government/corporate bonds \| Significant other observable inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	30,928	40,839
International government/corporate bonds \| Significant other unobservable inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	0	$ 0
Global diversified assets [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	146,975
Global diversified assets [Member] \| Quoted prices in active markets of identical assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	0
Global diversified assets [Member] \| Significant other observable inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	146,975
Global diversified assets [Member] \| Significant other unobservable inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	0
Global real estate investment trusts [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	48,000
Global real estate investment trusts [Member] \| Quoted prices in active markets of identical assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	0
Global real estate investment trusts [Member] \| Significant other observable inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	48,000
Global real estate investment trusts [Member] \| Significant other unobservable inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	0
Global infrastructure [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	46,413
Global infrastructure [Member] \| Quoted prices in active markets of identical assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	0
Global infrastructure [Member] \| Significant other observable inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	46,413
Global infrastructure [Member] \| Significant other unobservable inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	$ 0