|
Guarantor and Nonguarantor Statements Balance Sheets (Details) (USD $) In Thousands, unless otherwise specified
|
Mar. 29, 2015
|
Dec. 28, 2014
|
Mar. 30, 2014
|
Dec. 29, 2013
|
| Current assets: |
|
|
|
|
| Cash and cash equivalents |
$ 50,567 |
$ 38,477 |
$ 158,036 |
$ 116,739 |
| Accounts receivable, net |
211,632 |
190,754 |
|
|
| Intercompany accounts receivable |
0 |
0 |
|
|
| Inventories, net |
344,686 |
356,467 |
|
|
| Other current assets |
8,835 |
8,223 |
|
|
| Deferred tax assets |
104,825 |
121,788 |
|
|
| Total current assets |
720,545 |
715,709 |
|
|
| Plant assets, net |
601,749 |
605,906 |
|
|
| Investment in subsidiaries |
0 |
0 |
|
|
| Intercompany note receivable |
0 |
0 |
|
|
| Tradenames |
2,001,461 |
2,001,874 |
|
|
| Other assets, net |
148,664 |
157,896 |
|
|
| Deferred tax assets |
0 |
0 |
|
|
| Goodwill |
1,716,272 |
1,719,560 |
|
|
| Total assets |
5,188,691 |
5,200,945 |
|
|
| Current liabilities: |
|
|
|
|
| Short-term borrowings |
2,263 |
2,396 |
|
|
| Current portion of long-term obligations |
11,816 |
11,916 |
|
|
| Accounts payable |
184,627 |
198,579 |
|
|
| Intercompany accounts payable |
0 |
0 |
|
|
| Accrued trade marketing expense |
41,075 |
36,210 |
|
|
| Accrued liabilities |
97,448 |
106,488 |
|
|
| Dividends payable |
27,924 |
27,847 |
|
|
| Total current liabilities |
365,153 |
383,436 |
|
|
| Long-term debt |
2,283,740 |
2,285,984 |
|
|
| Intercompany note payable |
0 |
0 |
|
|
| Pension and other postretirement benefits |
59,471 |
61,830 |
|
|
| Other long-term liabilities |
42,204 |
34,305 |
|
|
| Deferred tax liabilities |
716,810 |
721,401 |
|
|
| Total liabilities |
3,467,378 |
3,486,956 |
|
|
| Commitments and contingencies (Note 12) |
|
|
|
|
| Member’s equity: |
|
|
|
|
| Pinnacle common stock |
1,174 |
1,173 |
|
|
| Additional paid-in-capital |
1,365,533 |
1,363,129 |
|
|
| Retained earnings |
433,651 |
419,531 |
|
|
| Accumulated other comprehensive (loss) earnings |
(46,935) |
(37,734) |
|
|
| Capital stock in treasury, at cost |
(32,110) |
(32,110) |
|
|
| Total shareholders' equity |
1,721,313 |
1,713,989 |
1,611,270 |
1,598,041 |
| Total liabilities and shareholders' equity |
5,188,691 |
5,200,945 |
|
|
| Pinnacle Foods Finance LLC |
|
|
|
|
| Current assets: |
|
|
|
|
| Cash and cash equivalents |
0 |
0 |
0 |
0 |
| Accounts receivable, net |
0 |
0 |
|
|
| Intercompany accounts receivable |
89,438 |
89,361 |
|
|
| Inventories, net |
0 |
0 |
|
|
| Other current assets |
0 |
0 |
|
|
| Deferred tax assets |
0 |
0 |
|
|
| Total current assets |
89,438 |
89,361 |
|
|
| Plant assets, net |
0 |
0 |
|
|
| Investment in subsidiaries |
1,659,799 |
1,652,475 |
|
|
| Intercompany note receivable |
0 |
0 |
|
|
| Tradenames |
0 |
0 |
|
|
| Other assets, net |
0 |
0 |
|
|
| Deferred tax assets |
0 |
0 |
|
|
| Goodwill |
0 |
0 |
|
|
| Total assets |
1,749,237 |
1,741,836 |
|
|
| Current liabilities: |
|
|
|
|
| Short-term borrowings |
0 |
0 |
|
|
| Current portion of long-term obligations |
0 |
0 |
|
|
| Accounts payable |
0 |
0 |
|
|
| Intercompany accounts payable |
0 |
0 |
|
|
| Accrued trade marketing expense |
0 |
0 |
|
|
| Accrued liabilities |
0 |
0 |
|
|
| Dividends payable |
27,924 |
27,847 |
|
|
| Total current liabilities |
27,924 |
27,847 |
|
|
| Long-term debt |
0 |
0 |
|
|
| Intercompany note payable |
0 |
0 |
|
|
| Pension and other postretirement benefits |
0 |
0 |
|
|
| Other long-term liabilities |
0 |
0 |
|
|
| Deferred tax liabilities |
0 |
0 |
|
|
| Total liabilities |
27,924 |
27,847 |
|
|
| Commitments and contingencies (Note 12) |
|
|
|
|
| Member’s equity: |
|
|
|
|
| Pinnacle common stock |
1,174 |
1,173 |
|
|
| Additional paid-in-capital |
1,365,533 |
1,363,129 |
|
|
| Retained earnings |
433,651 |
419,531 |
|
|
| Accumulated other comprehensive (loss) earnings |
(46,935) |
(37,734) |
|
|
| Capital stock in treasury, at cost |
(32,110) |
(32,110) |
|
|
| Total shareholders' equity |
1,721,313 |
1,713,989 |
|
|
| Total liabilities and shareholders' equity |
1,749,237 |
1,741,836 |
|
|
| Debt Issuing Company [Member] |
|
|
|
|
| Current assets: |
|
|
|
|
| Cash and cash equivalents |
0 |
0 |
0 |
0 |
| Accounts receivable, net |
0 |
0 |
|
|
| Intercompany accounts receivable |
0 |
0 |
|
|
| Inventories, net |
0 |
0 |
|
|
| Other current assets |
2,105 |
1,294 |
|
|
| Deferred tax assets |
1,015 |
1,015 |
|
|
| Total current assets |
3,120 |
2,309 |
|
|
| Plant assets, net |
0 |
0 |
|
|
| Investment in subsidiaries |
2,239,394 |
2,188,789 |
|
|
| Intercompany note receivable |
2,100,848 |
2,086,775 |
|
|
| Tradenames |
0 |
0 |
|
|
| Other assets, net |
19,518 |
26,757 |
|
|
| Deferred tax assets |
309,825 |
307,584 |
|
|
| Goodwill |
0 |
0 |
|
|
| Total assets |
4,672,705 |
4,612,214 |
|
|
| Current liabilities: |
|
|
|
|
| Short-term borrowings |
0 |
0 |
|
|
| Current portion of long-term obligations |
5,250 |
5,250 |
|
|
| Accounts payable |
0 |
0 |
|
|
| Intercompany accounts payable |
707,287 |
664,675 |
|
|
| Accrued trade marketing expense |
0 |
0 |
|
|
| Accrued liabilities |
25,565 |
22,137 |
|
|
| Dividends payable |
0 |
0 |
|
|
| Total current liabilities |
738,102 |
692,062 |
|
|
| Long-term debt |
2,260,680 |
2,261,397 |
|
|
| Intercompany note payable |
0 |
0 |
|
|
| Pension and other postretirement benefits |
0 |
0 |
|
|
| Other long-term liabilities |
14,124 |
6,280 |
|
|
| Deferred tax liabilities |
0 |
0 |
|
|
| Total liabilities |
3,012,906 |
2,959,739 |
|
|
| Commitments and contingencies (Note 12) |
|
|
|
|
| Member’s equity: |
|
|
|
|
| Pinnacle common stock |
0 |
0 |
|
|
| Additional paid-in-capital |
1,366,707 |
1,364,302 |
|
|
| Retained earnings |
340,027 |
325,907 |
|
|
| Accumulated other comprehensive (loss) earnings |
(46,935) |
(37,734) |
|
|
| Capital stock in treasury, at cost |
0 |
0 |
|
|
| Total shareholders' equity |
1,659,799 |
1,652,475 |
|
|
| Total liabilities and shareholders' equity |
4,672,705 |
4,612,214 |
|
|
| Guarantor Subsidiaries |
|
|
|
|
| Current assets: |
|
|
|
|
| Cash and cash equivalents |
37,420 |
32,942 |
146,056 |
104,345 |
| Accounts receivable, net |
196,957 |
176,822 |
|
|
| Intercompany accounts receivable |
628,451 |
575,842 |
|
|
| Inventories, net |
335,050 |
344,589 |
|
|
| Other current assets |
6,269 |
6,756 |
|
|
| Deferred tax assets |
103,780 |
120,488 |
|
|
| Total current assets |
1,307,927 |
1,257,439 |
|
|
| Plant assets, net |
589,755 |
592,541 |
|
|
| Investment in subsidiaries |
27,184 |
75,740 |
|
|
| Intercompany note receivable |
7,270 |
7,270 |
|
|
| Tradenames |
1,996,800 |
1,951,392 |
|
|
| Other assets, net |
128,139 |
119,336 |
|
|
| Deferred tax assets |
0 |
0 |
|
|
| Goodwill |
1,692,714 |
1,638,946 |
|
|
| Total assets |
5,749,789 |
5,642,664 |
|
|
| Current liabilities: |
|
|
|
|
| Short-term borrowings |
2,263 |
2,396 |
|
|
| Current portion of long-term obligations |
6,640 |
6,746 |
|
|
| Accounts payable |
180,621 |
194,671 |
|
|
| Intercompany accounts payable |
0 |
0 |
|
|
| Accrued trade marketing expense |
37,355 |
33,039 |
|
|
| Accrued liabilities |
69,559 |
73,911 |
|
|
| Dividends payable |
0 |
0 |
|
|
| Total current liabilities |
296,438 |
310,763 |
|
|
| Long-term debt |
22,657 |
24,142 |
|
|
| Intercompany note payable |
2,082,043 |
2,005,593 |
|
|
| Pension and other postretirement benefits |
59,471 |
61,830 |
|
|
| Other long-term liabilities |
24,537 |
24,368 |
|
|
| Deferred tax liabilities |
1,025,249 |
1,027,179 |
|
|
| Total liabilities |
3,510,395 |
3,453,875 |
|
|
| Commitments and contingencies (Note 12) |
|
|
|
|
| Member’s equity: |
|
|
|
|
| Pinnacle common stock |
0 |
0 |
|
|
| Additional paid-in-capital |
1,289,354 |
1,285,084 |
|
|
| Retained earnings |
987,391 |
942,185 |
|
|
| Accumulated other comprehensive (loss) earnings |
(37,351) |
(38,480) |
|
|
| Capital stock in treasury, at cost |
0 |
0 |
|
|
| Total shareholders' equity |
2,239,394 |
2,188,789 |
|
|
| Total liabilities and shareholders' equity |
5,749,789 |
5,642,664 |
|
|
| Nonguarantor Subsidiaries |
|
|
|
|
| Current assets: |
|
|
|
|
| Cash and cash equivalents |
13,147 |
5,535 |
11,980 |
12,394 |
| Accounts receivable, net |
14,675 |
13,932 |
|
|
| Intercompany accounts receivable |
0 |
0 |
|
|
| Inventories, net |
9,636 |
11,878 |
|
|
| Other current assets |
461 |
173 |
|
|
| Deferred tax assets |
30 |
285 |
|
|
| Total current assets |
37,949 |
31,803 |
|
|
| Plant assets, net |
11,994 |
13,365 |
|
|
| Investment in subsidiaries |
0 |
0 |
|
|
| Intercompany note receivable |
9,800 |
9,800 |
|
|
| Tradenames |
4,661 |
50,482 |
|
|
| Other assets, net |
1,007 |
11,803 |
|
|
| Deferred tax assets |
0 |
0 |
|
|
| Goodwill |
23,558 |
80,614 |
|
|
| Total assets |
88,969 |
197,867 |
|
|
| Current liabilities: |
|
|
|
|
| Short-term borrowings |
0 |
0 |
|
|
| Current portion of long-term obligations |
(74) |
(80) |
|
|
| Accounts payable |
4,006 |
3,908 |
|
|
| Intercompany accounts payable |
10,602 |
528 |
|
|
| Accrued trade marketing expense |
3,720 |
3,171 |
|
|
| Accrued liabilities |
2,324 |
10,440 |
|
|
| Dividends payable |
0 |
0 |
|
|
| Total current liabilities |
20,578 |
17,967 |
|
|
| Long-term debt |
403 |
445 |
|
|
| Intercompany note payable |
35,875 |
98,252 |
|
|
| Pension and other postretirement benefits |
0 |
0 |
|
|
| Other long-term liabilities |
3,543 |
3,657 |
|
|
| Deferred tax liabilities |
1,386 |
1,806 |
|
|
| Total liabilities |
61,785 |
122,127 |
|
|
| Commitments and contingencies (Note 12) |
|
|
|
|
| Member’s equity: |
|
|
|
|
| Pinnacle common stock |
0 |
0 |
|
|
| Additional paid-in-capital |
20,476 |
67,181 |
|
|
| Retained earnings |
11,048 |
10,977 |
|
|
| Accumulated other comprehensive (loss) earnings |
(4,340) |
(2,418) |
|
|
| Capital stock in treasury, at cost |
0 |
0 |
|
|
| Total shareholders' equity |
27,184 |
75,740 |
|
|
| Total liabilities and shareholders' equity |
88,969 |
197,867 |
|
|
| Eliminations and Reclassifications |
|
|
|
|
| Current assets: |
|
|
|
|
| Cash and cash equivalents |
0 |
0 |
0 |
0 |
| Accounts receivable, net |
0 |
0 |
|
|
| Intercompany accounts receivable |
(717,889) |
(665,203) |
|
|
| Inventories, net |
0 |
0 |
|
|
| Other current assets |
0 |
0 |
|
|
| Deferred tax assets |
0 |
0 |
|
|
| Total current assets |
(717,889) |
(665,203) |
|
|
| Plant assets, net |
0 |
0 |
|
|
| Investment in subsidiaries |
(3,926,377) |
(3,917,004) |
|
|
| Intercompany note receivable |
(2,117,918) |
(2,103,845) |
|
|
| Tradenames |
0 |
0 |
|
|
| Other assets, net |
0 |
0 |
|
|
| Deferred tax assets |
(309,825) |
(307,584) |
|
|
| Goodwill |
0 |
0 |
|
|
| Total assets |
(7,072,009) |
(6,993,636) |
|
|
| Current liabilities: |
|
|
|
|
| Short-term borrowings |
0 |
0 |
|
|
| Current portion of long-term obligations |
0 |
0 |
|
|
| Accounts payable |
0 |
0 |
|
|
| Intercompany accounts payable |
(717,889) |
(665,203) |
|
|
| Accrued trade marketing expense |
0 |
0 |
|
|
| Accrued liabilities |
0 |
0 |
|
|
| Dividends payable |
0 |
0 |
|
|
| Total current liabilities |
(717,889) |
(665,203) |
|
|
| Long-term debt |
0 |
0 |
|
|
| Intercompany note payable |
(2,117,918) |
(2,103,845) |
|
|
| Pension and other postretirement benefits |
0 |
0 |
|
|
| Other long-term liabilities |
0 |
0 |
|
|
| Deferred tax liabilities |
(309,825) |
(307,584) |
|
|
| Total liabilities |
(3,145,632) |
(3,076,632) |
|
|
| Commitments and contingencies (Note 12) |
|
|
|
|
| Member’s equity: |
|
|
|
|
| Pinnacle common stock |
0 |
0 |
|
|
| Additional paid-in-capital |
(2,676,537) |
(2,716,567) |
|
|
| Retained earnings |
(1,338,466) |
(1,279,069) |
|
|
| Accumulated other comprehensive (loss) earnings |
88,626 |
78,632 |
|
|
| Capital stock in treasury, at cost |
0 |
0 |
|
|
| Total shareholders' equity |
(3,926,377) |
(3,917,004) |
|
|
| Total liabilities and shareholders' equity |
$ (7,072,009) |
$ (6,993,636) |
|
|