TreeHouse Foods (THS) 10-Q 4 May 17 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2017	Apr. 30, 2017
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
Trading Symbol	THS
Entity Registrant Name	TREEHOUSE FOODS, INC.
Entity Central Index Key	1,320,695
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		56,939,508

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 67.2	$ 62.1
Investments	11.3	10.4
Receivables, net	384.3	429
Inventories, net	989.5	978
Assets held for sale	3.6	3.6
Prepaid expenses and other current assets	68	77.6
Total current assets	1,523.9	1,560.7
Property, plant, and equipment, net	1,338.3	1,359.3
Goodwill	2,451.1	2,447.2
Intangible assets, net	1,118.5	1,137.6
Other assets, net	43.2	41
Total assets	6,475	6,545.8
Current liabilities:
Accounts payable and accrued expenses	549.2	626.8
Current portion of long-term debt	79.6	66.4
Total current liabilities	628.8	693.2
Long-term debt	2,677.1	2,724.8
Deferred income taxes	403	422.2
Other long-term liabilities	217.5	202.3
Total liabilities	3,926.4	4,042.5
Commitments and contingencies (Note 19)
Stockholders' equity:
Preferred stock, par value $0.01 per share, 10.0 shares authorized, none issued	0	0
Common stock, par value $0.01 per share, 90.0 shares authorized, 56.9 and 56.8 shares issued and outstanding, respectively	0.6	0.6
Additional paid-in capital	2,085.1	2,071.9
Retained earnings	560.3	532.1
Accumulated other comprehensive loss	(97.4)	(101.3)
Total stockholders' equity	2,548.6	2,503.3
Total liabilities and stockholders' equity	$ 6,475	$ 6,545.8

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Mar. 31, 2017	Dec. 31, 2016
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	90,000,000	90,000,000
Common stock, shares issued	56,900,000	56,800,000
Common stock, shares outstanding	56,900,000	56,800,000

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Net sales	$ 1,536.2	$ 1,270.2
Cost of sales	1,249.8	1,045.6
Gross profit	286.4	224.6
Operating expenses:
Selling and distribution	104.6	85.5
General and administrative	79.1	94.6
Amortization expense	28.6	23.8
Other operating expense, net	6.8	1.7
Total operating expenses	219.1	205.6
Operating (loss) income	67.3	19
Other expense (income):
Interest expense	29.7	25.7
Interest income	(2.8)	(2.8)
Loss (gain) on foreign currency exchange	0.1	(4.1)
Other expense, net	0.6	5
Total other expense	27.6	23.8
Income (loss) before income taxes	39.7	(4.8)
Income taxes	11.5	(1.6)
Net income (loss)	$ 28.2	$ (3.2)
Net earnings (loss) per common share:
Basic	$ 0.50	$ (0.06)
Diluted	$ 0.49	$ (0.06)
Weighted average common shares:
Basic	56.9	52.7
Diluted	57.6	52.7

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016
Net income (loss)		$ 28.2	$ (3.2)
Other comprehensive income:
Foreign currency translation adjustments		3.6	24.3
Pension and postretirement reclassification adjustment	[1]	0.3	0.3
Other comprehensive income		3.9	24.6
Comprehensive income		$ 32.1	$ 21.4
[1]	Net of tax of $0.2 and $0.1 for the three months ended March 31, 2017 and 2016, respectively.

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Pension and postretirement reclassification adjustment, tax	$ 0.2	$ 0.1

CONDENSED CONSOLIDATED STATEME7

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Cash flows from operating activities:
Net income (loss)	$ 28.2	$ (3.2)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation	43.8	35.6
Amortization	28.6	23.8
Stock-based compensation	7.5	6.2
Amortization of deferred financing costs	2	1.6
Mark-to-market loss on derivative contracts	0.2	4.7
Loss on disposition of assets	1.7	0.7
Deferred income taxes	(20.3)	(0.9)
Loss (gain) on foreign currency exchange	0.1	(4.1)
Write-down of tangible assets	1.5
Other	(0.2)	(0.3)
Changes in operating assets and liabilities, net of effect of acquisitions:
Receivables	45	15.5
Inventories	(10.6)	46.8
Prepaid expenses and other assets	3.3	(16.8)
Accounts payable, accrued expenses, and other liabilities	(52.3)	1.3
Net cash provided by operating activities	78.5	110.9
Cash flows from investing activities:
Additions to property, plant, and equipment	(34.7)	(24.9)
Additions to intangible assets	(8.7)	(2)
Acquisitions, less cash acquired		(2,640.2)
Proceeds from sale of fixed assets	0.2	0.1
Other	(0.3)	(0.3)
Net cash (used in) provided by investing activities	(43.5)	(2,667.3)
Cash flows from financing activities:
Borrowings under Revolving Credit Facility	115	106
Payments under Revolving Credit Facility	(137)	(124)
Proceeds from issuance of Term Loan A-2		1,025
Proceeds from issuance of 2024 Notes		775
Payments on capitalized lease obligations and other debt	(1.4)	(0.8)
Payment of deferred financing costs		(34.3)
Payments on Term Loans	(12.7)	(4.4)
Net proceeds from issuance of common stock		835.1
Receipts related to stock-based award activities	6.7	1.9
Payments related to stock-based award activities	(0.9)	(0.1)
Net cash (used in) provided by financing activities	(30.3)	2,579.4
Effect of exchange rate changes on cash and cash equivalents	0.4	3.2
Net increase in cash and cash equivalents	5.1	26.2
Cash and cash equivalents, beginning of period	62.1	34.9
Cash and cash equivalents, end of period	$ 67.2	$ 61.1

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2017
Basis of Presentation	1. BASIS OF PRESENTATION The unaudited Condensed Consolidated Financial Statements included herein have been prepared by TreeHouse Foods, Inc. and its consolidated subsidiaries (the “Company,” “TreeHouse,” “we,” “us,” or “our”), pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) applicable to quarterly reporting on Form 10-Q. 10-K In the first quarter of 2017, the Company completed changes in its organizational structure that resulted in a change in how the Company manages its business and allocates resources. As a result, the Company has revised its reportable segments to reflect how management currently reviews financial information and makes operating decisions. See Note 22 for additional details. All prior period amounts have been recast to reflect the change in reportable segments. In the fourth quarter of 2016, the Company adopted Financial Accounting Standards Board (“FASB”) Accounting Standards Update (“ASU”) No 2016-09, Improvements to Employee Share-Based Payment Accounting paid-in On February 1, 2016, the Company acquired all of the outstanding common stock of Ralcorp Holdings, Inc., the Missouri corporation through which the private brands business (“Private Brands Business”) of ConAgra Foods, Inc. was operated. Ralcorp Holdings, Inc. was renamed TreeHouse Private Brands, Inc. during the first quarter of 2016. The results of operations of the Private Brands Business are included in our financial statements from the date of acquisition and are included in the Baked Goods, Condiments, Meals, and Snacks segments, as applicable. The Private Brands Business was on a 4-4-5 The preparation of our Condensed Consolidated Financial Statements in conformity with GAAP requires us to use our judgment to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosures of contingent assets and liabilities at the date of the Condensed Consolidated Financial Statements, and the reported amounts of net sales and expenses during the reporting period. Actual results could differ from these estimates. A detailed description of the Company’s significant accounting policies can be found in the Company’s Annual Report on Form 10-K

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	Mar. 31, 2017
Recent Accounting Pronouncements	2. RECENT ACCOUNTING PRONOUNCEMENTS In March 2017, the FASB issued ASU No. 2017-07, Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost In January 2017, the FASB issued ASU No. 2017-04, Simplifying the Test for Goodwill Impairment In November 2016, the FASB issued ASU No. 2016-18, Restricted Cash beginning-of-period end-of-period In February 2016, the FASB issued ASU No. 2016-02, Leases In July 2015, the FASB issued ASU No. 2015-11, Simplifying the Measurement of Inventory, last-in-first-out In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers No. 2016-10, Identifying Performance Obligations and Licensing No. 2016-12, Narrow-Scope Improvements and Practical Expedients 2014-09

Restructuring

Restructuring	3 Months Ended
	Mar. 31, 2017
Restructuring	3. RESTRUCTURING Plant Closing Costs Facility Location Date of Closure End of Production Full Facility Closure Primary Products Produced Primary Segment(s) Affected Total Total (In millions) City of Industry, California November 18, 2015 First quarter of 2016 Third quarter of 2016 Liquid non-dairy Beverages, Condiments $ 6.9 $ 3.8 Ayer, Massachusetts April 5, 2016 First quarter of 2017 Third quarter of 2017 Spoonable dressings Condiments $ 8.2 $ 5.5 Azusa, California May 24, 2016 First quarter of 2017 Third quarter of 2017 Bars and snack products Snacks $ 15.5 $ 12.2 Ripon, Wisconsin May 24, 2016 Fourth quarter of 2016 Fourth quarter of 2016 Sugar wafer cookies Baked Goods $ 2.5 $ 1.4 Delta, British Columbia November 3, 2016 Fourth quarter of 2017 First quarter of 2018 Frozen griddle products Baked Goods $ 5.2 $ 3.7 Battle Creek, Michigan November 3, 2016 (1) (1) Ready-to-eat Meals $ 10.4 $ 2.8 (1) The downsizing of this facility began in January 2017 and is expected to last approximately 15 months. Total expected costs to close the City of Industry, California facility have been reduced by approximately $4.9 million since the initial announcement while total expected costs to close the Ayer, Massachusetts, Azusa, California, and Ripon, Wisconsin facilities have been increased by approximately $1.7 million, $0.6 million, and $0.4 million, respectively. Total costs to downsize the Battle Creek, Michigan facility have increased by approximately $0.9 million since the initial announcement. Below is a summary of the plant closing costs: Three Months Ended Three Months Ended Cumulative Costs Total Expected March 31, 2017 March 31, 2016 To Date Costs (In millions) Asset-related $ 4.4 $ 0.8 $ 14.6 $ 19.3 Employee-related 2.5 0.6 9.8 13.6 Other closure costs 2.5 0.1 7.0 15.8 Total $ 9.4 $ 1.5 $ 31.4 $ 48.7 Liabilities recorded as of March 31, 2017 associated with these plant closings relate to severance and the partial withdrawal from a multiemployer pension plan. The severance liability is included in the Accounts payable and accrued expenses line of the Condensed Consolidated Balance Sheets while the multiemployer pension plan withdrawal liability is included in the Other long-term liabilities line of the Condensed Consolidated Balance Sheets. The table below presents a reconciliation of the liabilities as of March 31, 2017: Severance Multiemployer Pension Total Liabilities (In millions) Balance as of December 31, 2016 $ 3.5 $ 0.8 $ 4.3 Expense 2.3 — 2.3 Payments (1.3 ) — (1.3 ) Balance as of March 31, 2017 $ 4.5 $ 0.8 $ 5.3

Acquisitions

Acquisitions	3 Months Ended
	Mar. 31, 2017
Acquisitions	4. ACQUISITIONS Private Brands Business On February 1, 2016, the Company acquired the Private Brands Business, which is primarily engaged in manufacturing, distributing, and marketing private label products to retail grocery, food away from home, and industrial and export customers. The business’s primary product categories include snacks, retail bakery, pasta, cereal, bars, and condiments. The purchase price, after considering working capital adjustments, was approximately $2,644.4 million, net of acquired cash. The acquisition was funded by $835.1 million in net proceeds from a public sale of the Company’s common stock, $760.7 million in net proceeds from a private issuance of senior unsecured notes (“2024 Notes”), and a new $1,025.0 million term loan (“Term Loan A-2”), The Private Brands Business acquisition is accounted for under the acquisition method of accounting and the results of operations are included in our Condensed Consolidated Financial Statements from the date of acquisition in the Baked Goods, Condiments, Meals, and Snacks segments. Included in the Company’s Condensed Consolidated Statements of Operations are the Private Brands Business’s net sales of approximately $506.4 million and income before income taxes of $12.2 million from the date of acquisition through March 31, 2016. Integration costs of $5.8 million, which are included in the Cost of sales and General and administrative expense lines of the Condensed Consolidated Statements of Operations, were included in determining income before income taxes. We have completed the purchase price allocation to net tangible and intangible assets acquired and liabilities assumed as follows: (In millions) Cash $ 43.3 Receivables 162.7 Inventory 443.7 Property, plant, and equipment 809.6 Customer relationships 510.9 Trade names 33.0 Software 19.6 Formulas 23.2 Other assets 50.2 Goodwill 1,141.2 Assets acquired 3,237.4 Deferred taxes (152.8 ) Assumed current liabilities (246.6 ) Assumed long-term liabilities (150.3 ) Total purchase price $ 2,687.7 The Company allocated $496.1 million to customer relationships with retail grocery customers, which have an estimated life of 13 years, and $14.8 million to customer relationships with food away from home customers, which have an estimated life of 10 years. The Company allocated $33.0 million to trade names, which have an estimated life of 10 years. The Company allocated $23.2 million to formulas, which have an estimated life of 5 years. The Company allocated $19.6 million to capitalized software with estimated lives of 1 to 5 years, depending on expected use. The aforementioned intangibles will be amortized on a straight line basis. Indemnification assets related to taxes of approximately $13.8 million were also recorded. The Company increased the cost of acquired inventories by approximately $8.4 million, and expensed $8.2 million of this amount as a component of cost of sales in the first quarter of 2016. The Company has allocated $555.0 million, $73.3 million, $413.8 million, and $97.9 million of goodwill to the Baked Goods, Condiments, Meals, and Snacks segments, respectively. Goodwill arises principally as a result of expansion opportunities and synergies across both new and legacy product categories. None of the goodwill resulting from this acquisition is tax deductible. The Company incurred approximately $35.2 million in acquisition costs during the three months ended March 31, 2016 and none in 2017. These costs are included in the General and administrative expense line of the Condensed Consolidated Statements of Operations. The fair values for customer relationships at the acquisition date were determined using the excess earnings method under the income approach. Trade name fair values were determined using the relief from royalty method, while the fair value of formulas was determined using the cost approach. Real property fair values were determined using the cost and market approaches, while the fair value of personal property was determined using the indirect cost approach. The fair value measurements of intangible assets are based on significant unobservable inputs, and thus represent Level 3 inputs. Significant assumptions used in assessing the fair values of intangible assets include discounted future cash flows, customer attrition rates, and royalty rates. Since the preliminary purchase price allocation included in the Company’s Annual Report for the fiscal year ended December 31, 2016, the Company recorded purchase price adjustments related to taxes, resulting in an increase to goodwill of approximately $3.0 million. These adjustments did not impact the Condensed Consolidated Statements of Operations. The following unaudited pro forma information shows the results of operations for the Company as if its acquisition of the Private Brands Business had been completed as of January 1, 2016. Adjustments have been made for the pro forma effects of depreciation and amortization of tangible and intangible assets recognized as part of the business combination, the issuance of common stock, interest expense related to the financing of the business combination, and related income taxes. Excluded from the 2016 pro forma results are $35.2 million of costs incurred by the Company in connection with the acquisition. The pro forma results may not necessarily reflect actual results of operations that would have been achieved, nor are they necessarily indicative of future results of operations. Three Months Ended (In millions, except Pro forma net sales $ 1,594.1 Pro forma net income $ 18.6 Pro forma basic earnings per common share $ 0.33 Pro forma diluted earnings per common share $ 0.32

Investments

Investments	3 Months Ended
	Mar. 31, 2017
Investments	5. INVESTMENTS March 31, December 31, 2017 2016 (In millions) U.S. equity $ 8.3 $ 7.6 Non-U.S. 1.9 1.8 Fixed income 1.1 1.0 Total investments $ 11.3 $ 10.4 We determine the appropriate classification of our investments at the time of purchase and reevaluate such designation as of each balance sheet date. The Company accounts for investments in debt and marketable equity securities as held-to-maturity, available-for-sale, Our investments include U.S. equity, non-U.S. non-U.S.

Inventories

Inventories	3 Months Ended
	Mar. 31, 2017
Inventories	6. INVENTORIES March 31, December 31, 2017 2016 (In millions) Raw materials and supplies $ 427.9 $ 429.4 Finished goods 585.6 571.9 LIFO reserve (24.0 ) (23.3 ) Total inventories $ 989.5 $ 978.0 Inventory is generally accounted for under the first-in, first-out last-in, first-out

Property, Plant, and Equipment

Property, Plant, and Equipment	3 Months Ended
	Mar. 31, 2017
Property, Plant, and Equipment	7. PROPERTY, PLANT, AND EQUIPMENT March 31, December 31, 2017 2016 (In millions) Land $ 71.5 $ 71.2 Buildings and improvements 473.7 465.3 Machinery and equipment 1,357.0 1,324.5 Construction in progress 57.0 85.0 Total 1,959.2 1,946.0 Less accumulated depreciation (620.9 ) (586.7 ) Property, plant, and equipment, net $ 1,338.3 $ 1,359.3 Depreciation expense was $43.8 million and $35.6 million for the three months ended March 31, 2017 and 2016, respectively.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	3 Months Ended
	Mar. 31, 2017
Goodwill and Intangible Assets	8. GOODWILL AND INTANGIBLE ASSETS As a result of the changes in organizational structure completed in the first quarter of 2017, the Company now has the following five operating segments, which are also its reporting units: Baked Goods, Beverages, Condiments, Meals, and Snacks. See Note 22 for more information. The Company allocated the goodwill balance as of January 1, 2017 between the new reporting units using a relative fair value allocation approach. The change was considered a triggering event indicating a test for goodwill impairment was required as of January 1, 2017. The Company performed the first step of the impairment test, which did not result in the identification of any impairment losses. Changes in the carrying amount of goodwill for the three months ended March 31, 2017 are as follows: Baked Goods Beverages Condiments Meals Snacks Total (In millions) Balance at January 1, 2017 $ 554.2 $ 713.2 $ 433.1 $ 470.6 $ 276.1 $ 2,447.2 Purchase price adjustments 1.4 — 0.2 1.1 0.3 3.0 Foreign currency exchange adjustments — 0.4 0.5 — — 0.9 Balance at March 31, 2017 $ 555.6 $ 713.6 $ 433.8 $ 471.7 $ 276.4 $ 2,451.1 The carrying amounts of our intangible assets with indefinite lives, other than goodwill, as of March 31, 2017 and December 31, 2016 are as follows: March 31, 2017 December 31, (In millions) Trademarks $ 21.7 $ 21.6 Total indefinite lived intangibles $ 21.7 $ 21.6 The increase in the indefinite lived intangibles balance is due to foreign currency translation. The gross carrying amounts and accumulated amortization of intangible assets, with finite lives, as of March 31, 2017 and December 31, 2016 are as follows: March 31, 2017 December 31, 2016 Gross Net Gross Net Carrying Accumulated Carrying Carrying Accumulated Carrying Amount Amortization Amount Amount Amortization Amount (In millions) (In millions) Intangible assets with finite lives: Customer-related $ 1,285.4 $ (315.3 ) $ 970.1 $ 1,284.3 $ (293.3 ) $ 991.0 Contractual agreements 3.0 (2.9 ) 0.1 3.0 (2.9 ) 0.1 Trademarks 65.8 (21.1 ) 44.7 69.6 (23.6 ) 46.0 Formulas/recipes 33.7 (14.2 ) 19.5 33.7 (12.8 ) 20.9 Computer software 124.3 (61.9 ) 62.4 115.7 (57.7 ) 58.0 Total finite lived intangibles $ 1,512.2 $ (415.4 ) $ 1,096.8 $ 1,506.3 $ (390.3 ) $ 1,116.0 Total intangible assets, excluding goodwill, as of March 31, 2017 and December 31, 2016 were $1,118.5 million and $1,137.6 million, respectively. Amortization expense on intangible assets for the three months ended March 31, 2017 and 2016 was $28.6 million and $23.8 million, respectively. Estimated amortization expense on intangible assets for 2017 and the next four years is as follows: (In millions) 2017 $ 111.5 2018 $ 105.1 2019 $ 103.1 2020 $ 100.3 2021 $ 90.4

Accounts Payable and Accrued Ex

Accounts Payable and Accrued Expenses	3 Months Ended
	Mar. 31, 2017
Accounts Payable and Accrued Expenses	9. ACCOUNTS PAYABLE AND ACCRUED EXPENSES March 31, December 31, 2017 2016 (In millions) Accounts payable $ 416.8 $ 458.1 Payroll and benefits 65.7 78.5 Interest 7.4 24.1 Taxes 16.2 31.0 Health insurance, workers’ compensation, and other insurance costs 26.3 17.2 Marketing expenses 11.8 12.4 Other accrued liabilities 5.0 5.5 Total $ 549.2 $ 626.8

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2017
Income Taxes	10. INCOME TAXES Income taxes were recorded at an effective rate of 29.0% and 33.3% for the three months ended March 31, 2017 and 2016, respectively. Our effective tax rate may change from period to period based on recurring and non-recurring The Company’s effective tax rate differs from the U.S. federal statutory tax rate primarily due to state tax expense, the benefits associated with the federal domestic production activities deduction, and an intercompany financing structure entered into in conjunction with the E.D. Smith Foods, Ltd. (“E.D. Smith”) acquisition in 2007. In addition, the Company’s effective tax rate reflects a discrete benefit of approximately 2.1% attributable to the vesting and exercise of share-based awards. During the first quarter of 2017, the Internal Revenue Service (“IRS”) initiated an examination of TreeHouse Foods, Inc. & Subsidiaries’ 2015 tax year. The Canadian Revenue Agency (“CRA”) is currently examining the 2008 through 2013 tax years of E.D. Smith. The CRA examination is expected to be completed in 2017 or 2018. The Italian Agency of Revenue (“IAR”) is currently examining the 2007 through 2009 and 2013 tax years of Pasta Lensi S.r.l. The IAR examinations are not expected to be completed prior to 2020 due to a backlog of appeals before the agency. The Company has examinations in process with various state taxing authorities, which are expected to be completed in 2017 and 2018. Management estimates that it is reasonably possible that the total amount of unrecognized tax benefits could decrease by as much as $5.8 million within the next 12 months, primarily as a result of the resolution of audits currently in progress and the lapsing of statutes of limitations. Approximately $3.3 million of the $5.8 million would affect net income when settled.

Long-Term Debt

Long-Term Debt	3 Months Ended
	Mar. 31, 2017
Long-Term Debt	11. LONG-TERM DEBT March 31, December 31, 2017 2016 (In millions) Revolving Credit Facility $ 148.0 $ 170.0 Term Loan A 284.2 288.0 Term Loan A-1 177.5 180.0 Term Loan A-2 999.4 1,005.8 2022 Notes 400.0 400.0 2024 Notes 775.0 775.0 Tax increment financing and other debt 4.3 5.7 Total outstanding debt 2,788.4 2,824.5 Deferred financing costs (31.7 ) (33.3 ) Less current portion (79.6 ) (66.4 ) Total long-term debt $ 2,677.1 $ 2,724.8 On February 1, 2016, coincident with the closing of the acquisition of the Private Brands Business, the Company entered into the Amended and Restated Credit Agreement. The Amended and Restated Credit Agreement amended the Company’s prior credit agreement, dated as of May 6, 2014 (as amended from time to time prior to February 1, 2016, the “Prior Credit Agreement”). The Amended and Restated Credit Agreement (1) amended the maturity dates of the Revolving Credit Facility, Term Loan A, and Term Loan A-1 A-2, now a secured facility until, among other conditions, the Company reaches a leverage ratio of 3.5 and has no other pari-passu secured debt outstanding, and (4) increased credit spreads. The proceeds from Term Loan A-2 A-2. In connection with the Amended and Restated Credit Agreement, $20.3 million in fees will be amortized ratably through February 1, 2021. Fees associated with Term Loan A, Term Loan A-1, A-2 The Revolving Credit Facility and the Term Loans are known collectively as the “Amended and Restated Credit Agreement.” The Company’s average interest rate on debt outstanding under its Amended and Restated Credit Agreement for the three months ended March 31, 2017 was 2.79%. Including the interest rate swap agreements described below with a weighted average fixed interest rate base of approximately 0.86% on $500 million, the average rate increases to 2.80%. Revolving Credit Facility Interest is payable quarterly or at the end of the applicable interest period in arrears on any outstanding borrowings. The interest rates under the Amended and Restated Credit Agreement are based on the Company’s consolidated leverage ratio, and are determined by either (i) LIBOR, plus a margin ranging from 1.25% to 3.00% (inclusive of the facility fee), based on the Company’s consolidated leverage ratio, or (ii) a Base Rate (as defined in the Amended and Restated Credit Agreement), plus a margin ranging from 0.25% to 2.00% (inclusive of the facility fee), based on the Company’s consolidated leverage ratio. The Amended and Restated Credit Agreement is fully and unconditionally, as well as jointly and severally, guaranteed by our 100% owned direct and indirect subsidiaries: Bay Valley Foods, LLC; Sturm Foods, Inc.; S.T. Specialty Foods, Inc.; Associated Brands, Inc.; Cains Foods, Inc.; Cains Foods L.P.; Cains GP, LLC; Flagstone Foods, Inc.; Protenergy Holdings, Inc.; Protenergy Natural Foods, Inc.; TreeHouse Private Brands, Inc.; American Italian Pasta Co.; Nutcracker Brands, Inc.; Linette Quality Chocolates, Inc.; Ralcorp Frozen Bakery Products, Inc.; Cottage Bakery, Inc.; The Carriage House Companies, Inc., and certain other subsidiaries that may become guarantors in the future are collectively known as the “Guarantor Subsidiaries.” The Amended and Restated Credit Agreement contains various financial and restrictive covenants and requires that the Company maintain certain financial ratios, including a leverage and interest coverage ratio. The Amended and Restated Credit Agreement also contains cross-default provisions which could result in the acceleration of payments in the event TreeHouse or the Guarantor Subsidiaries (i) fails to make a payment when due in respect of any indebtedness or guarantee having an aggregate principal amount greater than $75 million or (ii) fails to observe or perform any other agreement or condition related to such indebtedness or guarantee as a result of which the holder(s) of such debt are permitted to accelerate the payment of such debt. The Amended and Restated Credit Agreement is secured by substantially all personal property of TreeHouse and its Guarantor Subsidiaries. Term Loan A Term Loan A-1 A-1 Term Loan A-1 A-1. Term Loan A-2 A-2 A-2 Base Rate (as defined in the Amended and Restated Credit Agreement), plus a margin ranging from 0.25% to 2.00%. Payments are due on a quarterly basis. Term Loan A-2 A-2. 2022 Notes On or after March 15, 2017, the Company may redeem some or all of the 2022 Notes at redemption prices set forth in the Indenture. Subject to certain limitations, in the event of a change in control of the Company, the Company will be required to make an offer to purchase the 2022 Notes at a purchase price equal to 101% of the principal amount of the 2022 Notes, plus accrued and unpaid interest up to the purchase date. 2024 Notes The Company may redeem some or all of the 2024 Notes at any time on or after February 15, 2019 at the applicable redemption prices described in the Indenture plus accrued and unpaid interest, if any, up to but not including the redemption date. In addition, prior to February 15, 2019, the Company may redeem all or a portion of the 2024 Notes at a price equal to 100% of the principal amount plus the “make-whole” premium set forth in the Indenture plus accrued and unpaid interest, if any, up to but not including the redemption date. The Company may also redeem up to 40% of the 2024 Notes prior to February 15, 2019 with the net cash proceeds received from certain equity offerings at the redemption price set forth in the Indenture. In the event of certain change of control events, as described in the Indenture, the Company may be required to purchase the 2024 Notes from the holders at a purchase price of 101% of the principal amount plus any accrued and unpaid interest. The Company issued the 2022 Notes and 2024 Notes pursuant to a single base Indenture among the Company, the Guarantor Subsidiaries, and the Trustee. The Indenture governing the 2022 Notes and 2024 Notes contains customary event of default provisions (including, without limitation, defaults relating to the failure to pay at final maturity or the acceleration of certain other indebtedness). If an event of default occurs and is continuing, the trustee under the Indenture or holders of at least 25% in principal amount of such notes may declare the principal amount and accrued and unpaid interest, if any, on all such notes to be due and payable. The Indenture also contains restrictive covenants that, among other things, limit the ability of the Company and the Guarantor Subsidiaries to: (i) pay dividends or make other restricted payments, (ii) make certain investments, (iii) incur additional indebtedness or issue preferred stock, (iv) create liens, (v) pay dividends or make other payments (except for certain dividends and payments to the Company and certain subsidiaries of the Company), (vi) merge or consolidate with other entities or sell substantially all of its assets, (vii) enter into transactions with affiliates, and (viii) engage in certain sale and leaseback transactions. The foregoing limitations are subject to exceptions as set forth in the Indenture. In addition, if in the future, the 2022 Notes or 2024 Notes have an investment grade credit rating by both Moody’s Investors Services, Inc. and Standard & Poor’s Ratings Services, certain of these covenants will, thereafter, no longer apply to the 2022 Notes or 2024 Notes for so long as the 2022 Notes or 2024 Notes are rated investment grade by the two rating agencies. Interest Rate Swap Agreements

Stockholders' Equity

Stockholders' Equity	3 Months Ended
	Mar. 31, 2017
Stockholders' Equity	12. STOCKHOLDERS’ EQUITY Common stock Preferred Stock

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2017
Earnings Per Share	13. EARNINGS PER SHARE Basic earnings per share is computed by dividing net income by the number of weighted average common shares outstanding during the reporting period. The weighted average number of common shares used in the diluted earnings per share calculation is determined using the treasury stock method and includes the incremental effect related to the Company’s outstanding stock-based compensation awards. The following table summarizes the effect of the share-based compensation awards on the weighted average number of shares outstanding used in calculating diluted earnings per share: Three Months Ended March 31, 2017 2016 (In millions, except per share data) Net income (loss) $ 28.2 $ (3.2 ) Weighted average common shares outstanding 56.9 52.7 Assumed exercise/vesting of equity awards (1) 0.7 — Weighted average diluted common shares outstanding 57.6 52.7 Net earnings (loss) per basic share $ 0.50 $ (0.06 ) Net earnings (loss) per diluted share $ 0.49 $ (0.06 ) (1) Incremental shares from equity awards are computed using the treasury stock method. For the three months ended March 31, 2016, weighted average common shares outstanding is the same for the computations of basic and diluted earnings per share because the Company had a net loss for the period. Equity awards, excluded from our computation of diluted earnings per share because they were anti-dilutive, were 1.6 million and 0.8 million for the three months ended March 31, 2017 and 2016, respectively.

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2017
Stock-Based Compensation	14. STOCK-BASED COMPENSATION The Board of Directors adopted, and the Company’s stockholders approved, the “TreeHouse Foods, Inc. Equity and Incentive Plan” (the “Plan”). On April 27, 2017, the Plan was amended and restated to increase the number of shares available for issuance under the Plan by 3.8 million shares, effective February 14, 2017. The Plan is administered by our Compensation Committee, which consists entirely of independent directors. The Compensation Committee determines specific awards for our executive officers. For all other employees, if the committee designates, our Chief Executive Officer or such other officers will, from time to time, determine specific persons to whom awards under the Plan will be granted, and the terms and conditions of each award. The Compensation Committee or its designee, pursuant to the terms of the Plan, also will make all other necessary decisions and interpretations under the plan. Under the Plan, the Compensation Committee may grant awards of various types of compensation, including stock options, restricted stock, restricted stock units, performance shares, performance units, other types of stock-based awards, and other cash-based compensation. The maximum number of shares available to be awarded under the Plan is approximately 16.1 million, of which approximately 4.6 million remain available at March 31, 2017. Income (loss) before income taxes for the three month periods ended March 31, 2017 and 2016 includes stock-based compensation expense of $7.5 million and $6.2 million, respectively. The tax benefit recognized related to the compensation cost of these share-based awards was approximately $2.8 million and $2.2 million for the three month periods ended March 31, 2017 and 2016, respectively. Stock Options — Weighted Weighted Average Average Remaining Aggregate Employee Director Exercise Contractual Intrinsic Options Options Price Term (yrs) Value (In thousands) (In millions) Outstanding, at December 31, 2016 2,069 20 $ 64.77 5.8 $ 28.9 Granted 431 — $ 84.56 Forfeited (13 ) — $ 87.57 Exercised (128 ) (8 ) $ 49.52 Expired — — $ — Outstanding, at March 31, 2017 2,359 12 $ 69.12 6.6 $ 41.9 Vested/expected to vest, at March 31, 2017 2,252 12 $ 68.24 6.4 $ 41.8 Exercisable, at March 31, 2017 1,245 12 $ 53.21 4.3 $ 39.5 Three Months Ended March 31, 2017 2016 (In millions) Compensation expense $ 1.8 $ 1.6 Intrinsic value of stock options exercised $ 4.5 $ 1.3 Tax benefit recognized from stock option exercises $ 1.7 $ 0.4 Compensation costs related to unvested options totaled $19.9 million at March 31, 2017 and will be recognized over the remaining vesting period of the grants, which averages 2.4 years. The Company uses the Black-Scholes option pricing model to value its stock option awards. The assumptions used to calculate the fair value of stock options issued in 2017 include the following: weighted average expected volatility of 26.70%, expected term of six years, weighted average risk free rate of 2.80%, and no dividends. The weighted average grant date fair value of awards granted in 2017 was $24.84. Restricted Stock Units The following table summarizes the restricted stock unit activity during the three months ended March 31, 2017: Weighted Weighted Employee Average Director Average Restricted Grant Date Restricted Grant Date Stock Units Fair Value Stock Units Fair Value (In thousands) (In thousands) Outstanding, at December 31, 2016 516 $ 87.03 104 $ 57.78 Granted 239 $ 84.00 16 $ 84.66 Vested (38 ) $ 80.21 — $ — Forfeited (8 ) $ 86.98 — $ — Outstanding, at March 31, 2017 709 $ 86.37 120 $ 61.43 Three Months Ended March 31, 2017 2016 (In millions) Compensation expense $ 4.7 $ 3.5 Fair value of vested restricted stock units $ 2.9 $ 0.2 Tax benefit recognized from vested restricted stock units $ 1.1 $ 0.1 Future compensation costs related to restricted stock units are approximately $43.5 million as of March 31, 2017 and will be recognized on a weighted average basis over the next 2.3 years. The grant date fair value of the awards is equal to the Company’s closing stock price on the grant date. Performance Units one-third Weighted Average Performance Grant Date Units Fair Value (In thousands) Unvested, at December 31, 2016 246 $ 85.16 Granted 115 $ 84.66 Vested — $ — Forfeited (1 ) $ 89.89 Unvested, at March 31, 2017 360 $ 84.99 Three Months Ended March 31, 2017 2016 (In millions) Compensation expense $ 1.0 $ 1.1 Fair value of vested performance units $ — $ — Tax benefit recognized from performance units vested $ — $ — Future compensation costs related to the performance units are estimated to be approximately $16.9 million as of March 31, 2017, and are expected to be recognized over the next 2.6 years. The grant date fair value of the awards is equal to the Company’s closing stock price on the date of grant.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	3 Months Ended
	Mar. 31, 2017
Accumulated Other Comprehensive Loss	15. ACCUMULATED OTHER COMPREHENSIVE LOSS Accumulated other comprehensive loss consists of the following components, all of which are net of tax, except for the foreign currency translation adjustment: Unrecognized Accumulated Foreign Pension and Other Currency Postretirement Comprehensive Translation (1) Benefits (2) Loss (In millions) Balance at December 31, 2016 $ (89.4 ) $ (11.9 ) $ (101.3 ) Other comprehensive income 3.6 — 3.6 Reclassifications from accumulated other comprehensive loss — 0.3 0.3 Other comprehensive income 3.6 0.3 3.9 Balance at March 31, 2017 $ (85.8 ) $ (11.6 ) $ (97.4 ) Unrecognized Accumulated Foreign Pension and Other Currency Postretirement Comprehensive Translation (1) Benefits (2) Loss (In millions) Balance at December 31, 2015 $ (100.5 ) $ (13.0 ) $ (113.5 ) Other comprehensive income 24.3 — 24.3 Reclassifications from accumulated other comprehensive loss — 0.3 0.3 Other comprehensive income 24.3 0.3 24.6 Balance at March 31, 2016 $ (76.2 ) $ (12.7 ) $ (88.9 ) (1) The foreign currency translation adjustment is not net of tax, as it pertains to the Company’s permanent investment in its foreign subsidiaries. (2) The unrecognized pension and postretirement benefits reclassification is presented net of tax of $0.2 million and $0.1 million for the three months ended March 31, 2017 and 2016, respectively. The reclassification is included in the computation of net periodic pension and postretirement cost, which is recorded in the Cost of sales and General and administrative lines of the Condensed Consolidated Statements of Operations. The Condensed Consolidated Statements of Operations lines impacted by reclassifications out of Accumulated other comprehensive loss are outlined below: Affected line in Reclassifications from Accumulated the Condensed Consolidated Other Comprehensive Loss Statements of Operations Three Months Ended March 31, 2017 2016 (In millions) Amortization of defined benefit pension and postretirement items: Prior service costs $ 0.1 $ 0.1 (a) Unrecognized net loss 0.4 0.3 (a) Total before tax 0.5 0.4 Income taxes 0.2 0.1 Income taxes Net of tax $ 0.3 $ 0.3 (a) These accumulated other comprehensive loss components are included in the computation of net periodic pension and postretirement cost, and are recorded in the Cost of sales and General and administrative lines of the Condensed Consolidated Statements of Operations.

Employee Retirement and Postret

Employee Retirement and Postretirement Benefits	3 Months Ended
	Mar. 31, 2017
Employee Retirement and Postretirement Benefits	16. EMPLOYEE RETIREMENT AND POSTRETIREMENT BENEFITS Pension, Profit Sharing and Postretirement Benefits Components of net periodic pension expense are as follows: Three Months Ended March 31, 2017 2016 (In millions) Service cost $ 1.2 $ 1.0 Interest cost 4.0 3.0 Expected return on plan assets (4.7 ) (3.2 ) Amortization of unrecognized prior service cost 0.1 0.1 Amortization of unrecognized net loss 0.4 0.3 Net periodic pension cost $ 1.0 $ 1.2 The Company does not expect to make any contributions to the pension plans in 2017. Components of net periodic postretirement expense are as follows: Three Months Ended March 31, 2017 2016 (In millions) Service cost $ — $ — Interest cost 0.3 0.2 Amortization of unrecognized prior service cost — — Amortization of unrecognized net loss — — Net periodic postretirement cost $ 0.3 $ 0.2 The Company expects to contribute approximately $1.6 million to the postretirement health plans during 2017. Net periodic pension and postretirement costs are recorded in the Cost of sales and General and administrative lines of the Condensed Consolidated Statements of Operations.

Other Operating Expense, Net

Other Operating Expense, Net	3 Months Ended
	Mar. 31, 2017
Other Operating Expense, Net	17. OTHER OPERATING EXPENSE, NET The Company incurred other operating expense for the three months ended March 31, 2017 and 2016, which consisted of the following: Three Months Ended March 31, 2017 2016 (In millions) Restructuring $ 6.8 $ 1.6 Other — 0.1 Total other operating expense, net $ 6.8 $ 1.7

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	3 Months Ended
	Mar. 31, 2017
Supplemental Cash Flow Information	18. SUPPLEMENTAL CASH FLOW INFORMATION Three Months Ended March 31, 2017 2016 (In millions) Interest paid $ 43.7 $ 17.9 Income taxes paid $ 6.2 $ 14.6 Accrued purchase of property and equipment $ 12.3 $ 13.9 Accrued other intangible assets $ 5.7 $ 1.9 Non-cash

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2017
Commitments and Contingencies	19. COMMITMENTS AND CONTINGENCIES Litigation, Investigations and Audits Tarara v. TreeHouse Foods, Inc., et al. 1:16-cv-10632, 10b-5 Wells v. Reed, et al. 2016-CH-16359, Lavin v. Reed 17-cv-01014, Wells All three complaints make substantially similar allegations (though the amended complaint in Tarara Tarara re-captioned Public Employees’ Retirement Systems of Mississippi v. TreeHouse Foods, Inc., et al. Public Employees’ Additionally, due to the similarity of the complaints, the parties in Wells Public Employees’ Wells Public Employees’ Lavin Wells Lavin In addition, we are party to a variety of legal proceedings arising out of the conduct of our business. While the results of proceedings cannot be predicted with certainty, management believes that the final outcome of these proceedings will not have a material adverse effect on our consolidated financial statements, results of operations, or cash flows.

Derivative Instruments

Derivative Instruments	3 Months Ended
	Mar. 31, 2017
Derivative Instruments	20. DERIVATIVE INSTRUMENTS The Company is exposed to certain risks relating to its ongoing business operations. The primary risks managed by derivative instruments include interest rate risk, foreign currency risk, and commodity price risk. Derivative contracts are entered into for periods consistent with the related underlying exposure and do not constitute positions independent of those exposures. The Company does not enter into derivative instruments for trading or speculative purposes. The Company manages its exposure to changes in interest rates by optimizing the use of variable-rate and fixed-rate debt and by utilizing interest rate swaps to hedge our exposure to changes in interest rates, to reduce the volatility of our financing costs, and to achieve a desired proportion of fixed versus floating-rate debt, based on current and projected market conditions, with a bias toward fixed-rate debt. In June 2016, the Company entered into $500 million of long-term interest rate swap agreements to lock into a fixed LIBOR interest rate base. Under the terms of the agreements, $500 million in variable-rate debt was swapped for a weighted average fixed interest rate base of approximately 0.86% for a period of 37 months, beginning on January 31, 2017 and ending on February 28, 2020. These agreements do not qualify for hedge accounting and changes in their fair value are recorded in the Condensed Consolidated Statements of Operations, with their fair value recorded on the Condensed Consolidated Balance Sheets. Due to the Company’s foreign operations, we are exposed to foreign currency risk. The Company enters into foreign currency contracts to manage the risk associated with foreign currency cash flows. The Company’s objective in using foreign currency contracts is to establish a fixed foreign currency exchange rate for the net cash flow requirements for purchases that are denominated in U.S. dollars. These contracts do not qualify for hedge accounting and changes in their fair value are recorded in the Condensed Consolidated Statements of Operations, with their fair value recorded on the Condensed Consolidated Balance Sheets. As of March 31, 2017, the Company had $30.9 million of U.S. dollar foreign currency contracts outstanding, expiring throughout 2017. Certain commodities we use in the production and distribution of our products are exposed to market price risk. The Company utilizes derivative contracts to manage this risk. The majority of commodity forward contracts are not derivatives, and those that are generally qualify for the normal purchases and normal sales scope exception under the guidance for derivative instruments and hedging activities and, therefore, are not subject to its provisions. For derivative commodity contracts that do not qualify for the normal purchases and normal sales scope exception, the Company records their fair value on the Condensed Consolidated Balance Sheets, with changes in value being recorded in the Condensed Consolidated Statements of Operations. The Company’s derivative commodity contracts may include contracts for diesel, oil, plastics, natural gas, electricity, and other commodity contracts that do not meet the requirements for the normal purchases and normal sales scope exception. Diesel contracts are used to manage the Company’s risk associated with the underlying cost of diesel fuel used to deliver products. Contracts for oil and plastics are used to manage the Company’s risk associated with the underlying commodity cost of a significant component used in packaging materials. Contracts for natural gas and electricity are used to manage the Company’s risk associated with the utility costs of its manufacturing facilities, and commodity contracts that are derivatives that do not meet the normal purchases and normal sales scope exception are used to manage the price risk associated with raw material costs. As of March 31, 2017, the Company had outstanding contracts for the purchase of 76,608 megawatts of electricity, expiring throughout 2017 and early 2018; 15.6 million gallons of diesel, expiring throughout 2017; 0.7 million dekatherms of natural gas, expiring throughout 2017; and 32.0 million pounds of soybean oil, expiring throughout 2017. The following table identifies the derivative, its fair value, and location on the Condensed Consolidated Balance Sheets: Fair Value Balance Sheet Location March 31, 2017 December 31, 2016 (In millions) Asset Derivatives Commodity contracts Prepaid expenses and other current assets $ 0.7 $ 1.0 Foreign currency contracts Prepaid expenses and other current assets 0.6 0.7 Interest rate swap agreements Prepaid expenses and other current assets 11.4 10.4 $ 12.7 $ 12.1 Liability Derivatives Commodity contracts Accounts payable and accrued expenses $ 1.3 $ 0.5 $ 1.3 $ 0.5 We recorded the following gains and losses on our derivative contracts in the Condensed Consolidated Statements of Operations: Three Months Ended Location of Gain (Loss) March 31, Recognized in Net Income (Loss) 2017 2016 (In millions) Mark-to-market Commodity contracts Other expense, net $ (1.1 ) $ 0.4 Foreign currency contracts Other expense, net (0.1 ) (5.1 ) Interest rate swap agreements Other expense, net 1.0 — Total unrealized gain (loss) (0.2 ) (4.7 ) Realized gain (loss): Commodity contracts Manufacturing related to Cost of sales and transportation related to Selling and distribution 0.5 (1.0 ) Foreign currency contracts Cost of sales 0.2 0.8 Interest rate swap agreements Interest expense (0.1 ) — Total realized gain (loss) 0.6 (0.2 ) Total gain (loss) $ 0.4 $ (4.9 )

Fair Value

Fair Value	3 Months Ended
	Mar. 31, 2017
Fair Value	21. FAIR VALUE The following table presents the carrying value and fair value of our financial instruments as of March 31, 2017 and December 31, 2016: March 31, 2017 December 31, 2016 Carrying Value Fair Value Carrying Value Fair Value Level (In millions) (In millions) Not recorded at fair value (liability): Revolving Credit Facility $ (148.0 ) $ (145.9 ) $ (170.0 ) $ (167.1 ) 2 Term Loan A $ (284.2 ) $ (284.6 ) $ (288.0 ) $ (288.1 ) 2 Term Loan A-1 $ (177.5 ) $ (177.8 ) $ (180.0 ) $ (180.3 ) 2 Term Loan A-2 $ (999.4 ) $ (1,001.0 ) $ (1,005.8 ) $ (1,007.4 ) 2 2022 Notes $ (400.0 ) $ (411.0 ) $ (400.0 ) $ (410.0 ) 2 2024 Notes $ (775.0 ) $ (811.8 ) $ (775.0 ) $ (809.9 ) 2 Recorded on a recurring basis at fair value (liability) asset: Commodity contracts $ (0.6 ) $ (0.6 ) $ 0.5 $ 0.5 2 Foreign currency contracts $ 0.6 $ 0.6 $ 0.7 $ 0.7 2 Interest rate swap agreements $ 11.4 $ 11.4 $ 10.4 $ 10.4 2 Investments $ 11.3 $ 11.3 $ 10.4 $ 10.4 1 Cash and cash equivalents and accounts receivable are financial assets with carrying values that approximate fair value. Accounts payable are financial liabilities with carrying values that approximate fair value. The fair value of the Revolving Credit Facility, Term Loan A, Term Loan A-1, A-2, A-1, A-2 The fair value of the investments was determined using Level 1 inputs. Level 1 inputs are quoted prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement dates. The investments are recorded at fair value on the Condensed Consolidated Balance Sheets.

Segment and Geographic Informat

Segment and Geographic Information and Major Customers	3 Months Ended
	Mar. 31, 2017
Segment and Geographic Information and Major Customers	22. SEGMENT AND GEOGRAPHIC INFORMATION AND MAJOR CUSTOMERS In the first quarter of 2017, the Company completed changes in its organizational structure that resulted in a change in how the Company manages its business and allocates resources. Our reportable segments are now organized and managed by products: Baked Goods, Beverages, Condiments, Meals, and Snacks. Previously, our reportable segments were organized and managed by customer channels: North American Retail Grocery, Food Away From Home, and Industrial and Export. All prior period information has been recast to reflect this change. The Company manages operations on a company-wide basis, thereby making determinations as to the allocation of resources in total rather than on a segment-level basis. The Company has designated reportable segments based on how management views its business. The Company does not segregate assets between segments for internal reporting. Therefore, asset-related information has not been presented. The reportable segments, as presented below, are consistent with the manner in which the Company reports its results to the Chief Operating Decision Maker. Our segments are as follows: Baked Goods in-store Beverages non-dairy non-dairy Condiments Meals ready-to-eat Snacks The Company evaluates the performance of its segments based on net sales dollars and direct operating income. In conjunction with the change in segments, the Company revised its calculation of direct operating income to include direct general and administrative expenses. Direct operating income is now defined as gross profit less freight out, sales commissions, and direct selling, general, and administrative expenses. All prior period information has been recast to reflect this change. The amounts in the following tables are obtained from reports used by senior management and do not include income taxes. Other expenses not allocated include unallocated selling, general, and administrative expenses, unallocated costs of sales, and unallocated corporate expenses (amortization expense and other operating expense). The accounting policies of the Company’s segments are the same as those described in the summary of significant accounting policies set forth in Note 1 to the Consolidated Financial Statements contained in our Annual Report on Form 10-K Financial information relating to the Company’s reportable segments is as follows: Three Months Ended March 31, 2017 2016 (In millions) Net sales to external customers: Baked Goods $ 341.1 $ 219.5 Beverages 268.0 224.9 Condiments 310.1 295.6 Meals 324.0 272.4 Snacks 290.6 257.8 Unallocated 2.4 — Total $ 1,536.2 $ 1,270.2 Direct operating income: Baked Goods $ 41.9 $ 28.8 Beverages 58.7 57.7 Condiments 31.7 35.1 Meals 34.0 26.4 Snacks 12.5 9.8 Total 178.8 157.8 Unallocated selling, general, and administrative expenses (80.0 ) (100.7 ) Unallocated cost of sales (1) 1.5 (12.6 ) Unallocated corporate expense and other (33.0 ) (25.5 ) Operating income 67.3 19.0 Other expense (27.6 ) (23.8 ) Income (loss) before income taxes $ 39.7 $ (4.8 ) (1) Includes charges related to restructurings and other costs managed at corporate. Geographic Information Major Customers Product Information Three Months Ended March 31, 2017 2016 (In millions) Products: Dressings and sauces $ 237.3 $ 221.3 Cereals and other meals 190.4 169.9 Snack nuts 187.7 142.3 Beverages 183.1 144.1 Retail bakery 182.6 113.3 Baked products 158.5 106.2 Pasta and dry dinners 133.6 102.5 Trail mix and bars 105.3 115.5 Beverage enhancers 84.9 80.8 Pickles 72.8 74.3 Total net sales $ 1,536.2 $ 1,270.2

GUARANTOR AND NON-GUARANTOR FIN

GUARANTOR AND NON-GUARANTOR FINANCIAL INFORMATION	3 Months Ended
	Mar. 31, 2017
GUARANTOR AND NON-GUARANTOR FINANCIAL INFORMATION	23. GUARANTOR AND NON-GUARANTOR The Company’s 2022 Notes and 2024 Notes are guaranteed fully and unconditionally, as well as jointly and severally, by its Guarantor Subsidiaries. The guarantees of the Guarantor Subsidiaries are subject to release in limited circumstances, only upon the occurrence of certain customary conditions. There are no significant restrictions on the ability of the parent company or any guarantor to obtain funds from its subsidiaries by dividend or loan. The following condensed supplemental consolidating financial information presents the results of operations, financial position, and cash flows of the parent company, its Guarantor Subsidiaries, its non-guarantor Condensed Supplemental Consolidating Balance Sheet March 31, 2017 (In millions) Parent Guarantor Non-Guarantor Company Subsidiaries Subsidiaries Eliminations Consolidated Assets Current assets: Cash and cash equivalents $ — $ 0.8 $ 66.4 $ — $ 67.2 Investments — — 11.3 — 11.3 Accounts receivable, net 0.3 332.9 51.1 — 384.3 Inventories, net — 880.7 108.8 — 989.5 Assets held for sale — 3.6 — — 3.6 Prepaid expenses and other current assets 33.6 16.3 18.1 — 68.0 Total current assets 33.9 1,234.3 255.7 — 1,523.9 Property, plant, and equipment, net 30.4 1,161.2 146.7 — 1,338.3 Goodwill — 2,333.7 117.4 — 2,451.1 Investment in subsidiaries 5,100.3 527.7 — (5,628.0 ) — Intercompany accounts receivable (payable), net 126.1 (121.2 ) (4.9 ) — — Deferred income taxes 22.1 — — (22.1 ) — Intangible and other assets, net 59.4 997.7 104.6 — 1,161.7 Total assets $ 5,372.2 $ 6,133.4 $ 619.5 $ (5,650.1 ) $ 6,475.0 Liabilities and Stockholders’ Equity Current liabilities: Accounts payable and accrued expenses $ 59.6 $ 429.0 $ 60.6 $ — $ 549.2 Current portion of long-term debt 77.5 2.0 0.1 — 79.6 Total current liabilities 137.1 431.0 60.7 — 628.8 Long-term debt 2,674.9 2.0 0.2 — 2,677.1 Deferred income taxes — 398.9 26.2 (22.1 ) 403.0 Other long-term liabilities 11.6 201.2 4.7 — 217.5 Stockholders’ equity 2,548.6 5,100.3 527.7 (5,628.0 ) 2,548.6 Total liabilities and stockholders’ equity $ 5,372.2 $ 6,133.4 $ 619.5 $ (5,650.1 ) $ 6,475.0 Condensed Supplemental Consolidating Balance Sheet December 31, 2016 (In millions) Parent Guarantor Non-Guarantor Company Subsidiaries Subsidiaries Eliminations Consolidated Assets Current assets: Cash and cash equivalents $ — $ 0.2 $ 61.9 $ — $ 62.1 Investments — — 10.4 — 10.4 Accounts receivable, net — 372.9 56.1 — 429.0 Inventories, net — 869.6 108.4 — 978.0 Assets held for sale — 3.6 — — 3.6 Prepaid expenses and other current assets 23.6 36.7 17.3 — 77.6 Total current assets 23.6 1,283.0 254.1 — 1,560.7 Property, plant, and equipment, net 31.3 1,181.0 147.0 — 1,359.3 Goodwill — 2,330.8 116.4 — 2,447.2 Investment in subsidiaries 5,031.5 519.4 — (5,550.9 ) — Intercompany accounts receivable (payable), net 199.6 (196.9 ) (2.7 ) — — Deferred income taxes 20.7 — — (20.7 ) — Intangible and other assets, net 53.9 1,018.0 106.7 — 1,178.6 Total assets $ 5,360.6 $ 6,135.3 $ 621.5 $ (5,571.6 ) $ 6,545.8 Liabilities and Stockholders’ Equity Current liabilities: Accounts payable and accrued expenses $ 61.3 $ 493.1 $ 72.4 $ — $ 626.8 Current portion of long-term debt 63.1 3.2 0.1 — 66.4 Total current liabilities 124.4 496.3 72.5 — 693.2 Long-term debt 2,722.3 2.2 0.3 — 2,724.8 Deferred income taxes — 418.3 24.6 (20.7 ) 422.2 Other long-term liabilities 10.6 187.0 4.7 — 202.3 Stockholders’ equity 2,503.3 5,031.5 519.4 (5,550.9 ) 2,503.3 Total liabilities and stockholders’ equity $ 5,360.6 $ 6,135.3 $ 621.5 $ (5,571.6 ) $ 6,545.8 Condensed Supplemental Consolidating Statement of Operations Three Months Ended March 31, 2017 (In millions) Parent Guarantor Non-Guarantor Company Subsidiaries Subsidiaries Eliminations Consolidated Net sales $ — $ 1,455.4 $ 164.0 $ (83.2 ) $ 1,536.2 Cost of sales — 1,188.4 144.6 (83.2 ) 1,249.8 Gross profit — 267.0 19.4 — 286.4 Selling, general, and administrative expense 27.5 146.6 9.6 — 183.7 Amortization expense 2.9 23.4 2.3 — 28.6 Other operating expense, net — 6.6 0.2 — 6.8 Operating (loss) income (30.4 ) 90.4 7.3 — 67.3 Interest expense 31.2 0.2 1.2 (2.9 ) 29.7 Interest income (2.2 ) (2.9 ) (0.6 ) 2.9 (2.8 ) Other expense (income), net 0.1 — 0.6 — 0.7 (Loss) income before income taxes (59.5 ) 93.1 6.1 — 39.7 Income taxes (benefit) (22.8 ) 33.4 0.9 — 11.5 Equity in net income (loss) of subsidiaries 64.9 5.2 — (70.1 ) — Net income (loss) $ 28.2 $ 64.9 $ 5.2 $ (70.1 ) $ 28.2 Condensed Supplemental Consolidating Statement of Operations Three Months Ended March 31, 2016 (In millions) Parent Guarantor Non-Guarantor Company Subsidiaries Subsidiaries Eliminations Consolidated Net sales $ — $ 1,204.8 $ 133.8 $ (68.4 ) $ 1,270.2 Cost of sales — 997.1 116.9 (68.4 ) 1,045.6 Gross profit — 207.7 16.9 — 224.6 Selling, general, and administrative expense 53.7 116.4 10.0 — 180.1 Amortization expense 2.2 19.4 2.2 — 23.8 Other operating expense, net — 1.3 0.4 — 1.7 Operating (loss) income (55.9 ) 70.6 4.3 — 19.0 Interest expense 25.4 (0.1 ) 1.5 (1.1 ) 25.7 Interest income (2.2 ) (1.3 ) (0.4 ) 1.1 (2.8 ) Other expense (income), net — (4.7 ) 5.6 — 0.9 (Loss) income before income taxes (79.1 ) 76.7 (2.4 ) — (4.8 ) Income taxes (benefit) (30.0 ) 30.0 (1.6 ) — (1.6 ) Equity in net income (loss) of subsidiaries 45.9 (0.8 ) — (45.1 ) — Net (loss) income $ (3.2 ) $ 45.9 $ (0.8 ) $ (45.1 ) $ (3.2 ) Condensed Supplemental Consolidating Statement of Comprehensive Income (Loss) Three Months Ended March 31, 2017 (In millions) Parent Guarantor Non-Guarantor Company Subsidiaries Subsidiaries Eliminations Consolidated Net income (loss) $ 28.2 $ 64.9 $ 5.2 $ (70.1 ) $ 28.2 Other comprehensive income: Foreign currency translation adjustments — — 3.6 — 3.6 Pension and postretirement reclassification adjustment, net of tax — 0.3 — — 0.3 Other comprehensive income — 0.3 3.6 — 3.9 Equity in other comprehensive income (loss) of subsidiaries 3.9 3.6 — (7.5 ) — Comprehensive income (loss) $ 32.1 $ 68.8 $ 8.8 $ (77.6 ) $ 32.1 Condensed Supplemental Consolidating Statement of Comprehensive Income (Loss) Three Months Ended March 31, 2016 (In millions) Parent Guarantor Non-Guarantor Company Subsidiaries Subsidiaries Eliminations Consolidated Net (loss) income $ (3.2 ) $ 45.9 $ (0.8 ) $ (45.1 ) $ (3.2 ) Other comprehensive income: Foreign currency translation adjustments — — 24.3 — 24.3 Pension and postretirement reclassification adjustment, net of tax — 0.3 — — 0.3 Other comprehensive income — 0.3 24.3 — 24.6 Equity in other comprehensive income (loss) of subsidiaries 24.6 24.3 — (48.9 ) — Comprehensive income (loss) $ 21.4 $ 70.5 $ 23.5 $ (94.0 ) $ 21.4 Condensed Supplemental Consolidating Statement of Cash Flows Three Months Ended March 31, 2017 (In millions) Parent Guarantor Non- Guarantor Company Subsidiaries Subsidiaries Eliminations Consolidated Cash flows from operating activities: Net cash provided by (used in) operating activities $ 44.6 $ 97.7 $ 5.5 $ (69.3 ) $ 78.5 Cash flows from investing activities: Additions to property, plant, and equipment (1.1 ) (30.5 ) (3.1 ) — (34.7 ) Additions to intangible assets (8.2 ) (0.5 ) — — (8.7 ) Intercompany transfer (34.1 ) (31.0 ) — 65.1 — Proceeds from sale of fixed assets — 0.2 — — 0.2 Other — — (0.3 ) — (0.3 ) Net cash (used in) provided by investing activities (43.4 ) (61.8 ) (3.4 ) 65.1 (43.5 ) Cash flows from financing activities: Net borrowing (repayment) of debt (34.7 ) (1.4 ) — — (36.1 ) Intercompany transfer 27.7 (33.9 ) 2.0 4.2 — Receipts related to stock-based award activities 6.7 — — — 6.7 Payments related to stock-based award activities (0.9 ) — — — (0.9 ) Net cash provided by (used in) financing activities (1.2 ) (35.3 ) 2.0 4.2 (30.3 ) Effect of exchange rate changes on cash and cash equivalents — — 0.4 — 0.4 (Decrease) increase in cash and cash equivalents — 0.6 4.5 — 5.1 Cash and cash equivalents, beginning of period — 0.2 61.9 — 62.1 Cash and cash equivalents, end of period $ — $ 0.8 $ 66.4 $ — $ 67.2 Condensed Supplemental Consolidating Statement of Cash Flows Three Months Ended March 31, 2016 (In millions) Parent Guarantor Non- Guarantor Company Subsidiaries Subsidiaries Eliminations Consolidated Cash flows from operating activities: Net cash provided by (used in) operating activities $ 3.0 $ 153.0 $ (19.1 ) $ (26.0 ) $ 110.9 Cash flows from investing activities: Additions to property, plant, and equipment (0.1 ) (23.7 ) (1.1 ) — (24.9 ) Additions to intangible assets (2.0 ) — — — (2.0 ) Intercompany transfer 93.8 2.8 — (96.6 ) — Acquisitions, less cash acquired (2,683.5 ) 0.3 43.0 — (2,640.2 ) Proceeds from sale of fixed assets — 0.1 — — 0.1 Other — — (0.3 ) — (0.3 ) Net cash (used in) provided by investing activities (2,591.8 ) (20.5 ) 41.6 (96.6 ) (2,667.3 ) Cash flows from financing activities: Net borrowing (repayment) of debt 1,777.6 (0.8 ) — — 1,776.8 Payment of deferred financing costs (34.3 ) — — — (34.3 ) Intercompany transfer (1.8 ) (130.2 ) 9.4 122.6 — Net proceeds from issuance of common stock 835.1 — — — 835.1 Receipts related to stock-based award activities 1.9 — — — 1.9 Payments related to stock-based award activities (0.1 ) — — — (0.1 ) Net cash provided by (used in) financing activities 2,578.4 (131.0 ) 9.4 122.6 2,579.4 Effect of exchange rate changes on cash and cash equivalents — — 3.2 — 3.2 (Decrease) increase in cash and cash equivalents (10.4 ) 1.5 35.1 — 26.2 Cash and cash equivalents, beginning of period 10.4 0.1 24.4 — 34.9 Cash and cash equivalents, end of period $ — $ 1.6 $ 59.5 $ — $ 61.1

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2017
Subsequent Events	24. SUBSEQUENT EVENTS On April 25, 2017, the Company announced that it had entered into a definitive agreement to sell its Soup and Infant Feeding (“SIF”) business. The SIF business is based in Pittsburgh, Pennsylvania and produces private label condensed and ready-to-serve

Restructuring (Tables)

Restructuring (Tables)	3 Months Ended
	Mar. 31, 2017
Schedule of Facility Closures	The key information regarding the Company’s announced facility closures is outlined in the table below. Facility Location Date of Closure End of Production Full Facility Closure Primary Products Produced Primary Segment(s) Affected Total Total (In millions) City of Industry, California November 18, 2015 First quarter of 2016 Third quarter of 2016 Liquid non-dairy Beverages, Condiments $ 6.9 $ 3.8 Ayer, Massachusetts April 5, 2016 First quarter of 2017 Third quarter of 2017 Spoonable dressings Condiments $ 8.2 $ 5.5 Azusa, California May 24, 2016 First quarter of 2017 Third quarter of 2017 Bars and snack products Snacks $ 15.5 $ 12.2 Ripon, Wisconsin May 24, 2016 Fourth quarter of 2016 Fourth quarter of 2016 Sugar wafer cookies Baked Goods $ 2.5 $ 1.4 Delta, British Columbia November 3, 2016 Fourth quarter of 2017 First quarter of 2018 Frozen griddle products Baked Goods $ 5.2 $ 3.7 Battle Creek, Michigan November 3, 2016 (1) (1) Ready-to-eat Meals $ 10.4 $ 2.8 (1) The downsizing of this facility began in January 2017 and is expected to last approximately 15 months.
Aggregate Expenses Incurred Associated with Facility Closure	Below is a summary of the plant closing costs: Three Months Ended Three Months Ended Cumulative Costs Total Expected March 31, 2017 March 31, 2016 To Date Costs (In millions) Asset-related $ 4.4 $ 0.8 $ 14.6 $ 19.3 Employee-related 2.5 0.6 9.8 13.6 Other closure costs 2.5 0.1 7.0 15.8 Total $ 9.4 $ 1.5 $ 31.4 $ 48.7
Reconciliation of Liabilities	The table below presents a reconciliation of the liabilities as of March 31, 2017: Severance Multiemployer Pension Total Liabilities (In millions) Balance as of December 31, 2016 $ 3.5 $ 0.8 $ 4.3 Expense 2.3 — 2.3 Payments (1.3 ) — (1.3 ) Balance as of March 31, 2017 $ 4.5 $ 0.8 $ 5.3

Acquisitions (Tables)

Acquisitions (Tables) - Private brands business of ConAgra Foods	3 Months Ended
	Mar. 31, 2017
Purchase Price Allocation to Net Tangible and Intangible Assets Acquired and Liabilities Assumed	We have completed the purchase price allocation to net tangible and intangible assets acquired and liabilities assumed as follows: (In millions) Cash $ 43.3 Receivables 162.7 Inventory 443.7 Property, plant, and equipment 809.6 Customer relationships 510.9 Trade names 33.0 Software 19.6 Formulas 23.2 Other assets 50.2 Goodwill 1,141.2 Assets acquired 3,237.4 Deferred taxes (152.8 ) Assumed current liabilities (246.6 ) Assumed long-term liabilities (150.3 ) Total purchase price $ 2,687.7
Business Acquisition Pro Forma Information	The following unaudited pro forma information shows the results of operations for the Company as if its acquisition of the Private Brands Business had been completed as of January 1, 2016. Adjustments have been made for the pro forma effects of depreciation and amortization of tangible and intangible assets recognized as part of the business combination, the issuance of common stock, interest expense related to the financing of the business combination, and related income taxes. Excluded from the 2016 pro forma results are $35.2 million of costs incurred by the Company in connection with the acquisition. The pro forma results may not necessarily reflect actual results of operations that would have been achieved, nor are they necessarily indicative of future results of operations. Three Months Ended (In millions, except Pro forma net sales $ 1,594.1 Pro forma net income $ 18.6 Pro forma basic earnings per common share $ 0.33 Pro forma diluted earnings per common share $ 0.32

Investments (Tables)

Investments (Tables)	3 Months Ended
	Mar. 31, 2017
Investments	March 31, December 31, 2017 2016 (In millions) U.S. equity $ 8.3 $ 7.6 Non-U.S. 1.9 1.8 Fixed income 1.1 1.0 Total investments $ 11.3 $ 10.4

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Mar. 31, 2017
Inventories	March 31, December 31, 2017 2016 (In millions) Raw materials and supplies $ 427.9 $ 429.4 Finished goods 585.6 571.9 LIFO reserve (24.0 ) (23.3 ) Total inventories $ 989.5 $ 978.0

Property, Plant, and Equipment

Property, Plant, and Equipment (Tables)	3 Months Ended
	Mar. 31, 2017
Property, Plant, and Equipment	March 31, December 31, 2017 2016 (In millions) Land $ 71.5 $ 71.2 Buildings and improvements 473.7 465.3 Machinery and equipment 1,357.0 1,324.5 Construction in progress 57.0 85.0 Total 1,959.2 1,946.0 Less accumulated depreciation (620.9 ) (586.7 ) Property, plant, and equipment, net $ 1,338.3 $ 1,359.3

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2017
Changes in Carrying Amount of Goodwill	Changes in the carrying amount of goodwill for the three months ended March 31, 2017 are as follows: Baked Goods Beverages Condiments Meals Snacks Total (In millions) Balance at January 1, 2017 $ 554.2 $ 713.2 $ 433.1 $ 470.6 $ 276.1 $ 2,447.2 Purchase price adjustments 1.4 — 0.2 1.1 0.3 3.0 Foreign currency exchange adjustments — 0.4 0.5 — — 0.9 Balance at March 31, 2017 $ 555.6 $ 713.6 $ 433.8 $ 471.7 $ 276.4 $ 2,451.1
Carrying Amounts of Indefinite Lives Intangible Assets Other Than Goodwill	The carrying amounts of our intangible assets with indefinite lives, other than goodwill, as of March 31, 2017 and December 31, 2016 are as follows: March 31, 2017 December 31, (In millions) Trademarks $ 21.7 $ 21.6 Total indefinite lived intangibles $ 21.7 $ 21.6
Gross Carrying Amounts and Accumulated Amortization of Intangible Assets, with Finite Lives	The gross carrying amounts and accumulated amortization of intangible assets, with finite lives, as of March 31, 2017 and December 31, 2016 are as follows: March 31, 2017 December 31, 2016 Gross Net Gross Net Carrying Accumulated Carrying Carrying Accumulated Carrying Amount Amortization Amount Amount Amortization Amount (In millions) (In millions) Intangible assets with finite lives: Customer-related $ 1,285.4 $ (315.3 ) $ 970.1 $ 1,284.3 $ (293.3 ) $ 991.0 Contractual agreements 3.0 (2.9 ) 0.1 3.0 (2.9 ) 0.1 Trademarks 65.8 (21.1 ) 44.7 69.6 (23.6 ) 46.0 Formulas/recipes 33.7 (14.2 ) 19.5 33.7 (12.8 ) 20.9 Computer software 124.3 (61.9 ) 62.4 115.7 (57.7 ) 58.0 Total finite lived intangibles $ 1,512.2 $ (415.4 ) $ 1,096.8 $ 1,506.3 $ (390.3 ) $ 1,116.0
Estimated Amortization Expense on Intangible Assets	Estimated amortization expense on intangible assets for 2017 and the next four years is as follows: (In millions) 2017 $ 111.5 2018 $ 105.1 2019 $ 103.1 2020 $ 100.3 2021 $ 90.4

Accounts Payable and Accrued 38

Accounts Payable and Accrued Expenses (Tables)	3 Months Ended
	Mar. 31, 2017
Accounts Payable and Accrued Expenses	March 31, December 31, 2017 2016 (In millions) Accounts payable $ 416.8 $ 458.1 Payroll and benefits 65.7 78.5 Interest 7.4 24.1 Taxes 16.2 31.0 Health insurance, workers’ compensation, and other insurance costs 26.3 17.2 Marketing expenses 11.8 12.4 Other accrued liabilities 5.0 5.5 Total $ 549.2 $ 626.8

Long-Term Debt (Tables)

Long-Term Debt (Tables)	3 Months Ended
	Mar. 31, 2017
Long-Term Debt	March 31, December 31, 2017 2016 (In millions) Revolving Credit Facility $ 148.0 $ 170.0 Term Loan A 284.2 288.0 Term Loan A-1 177.5 180.0 Term Loan A-2 999.4 1,005.8 2022 Notes 400.0 400.0 2024 Notes 775.0 775.0 Tax increment financing and other debt 4.3 5.7 Total outstanding debt 2,788.4 2,824.5 Deferred financing costs (31.7 ) (33.3 ) Less current portion (79.6 ) (66.4 ) Total long-term debt $ 2,677.1 $ 2,724.8

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2017
Summary of Effect of Share-Based Compensation Awards on Weighted Average Number of Shares Outstanding Used in Calculating Diluted Earnings Per Share	The following table summarizes the effect of the share-based compensation awards on the weighted average number of shares outstanding used in calculating diluted earnings per share: Three Months Ended March 31, 2017 2016 (In millions, except per share data) Net income (loss) $ 28.2 $ (3.2 ) Weighted average common shares outstanding 56.9 52.7 Assumed exercise/vesting of equity awards (1) 0.7 — Weighted average diluted common shares outstanding 57.6 52.7 Net earnings (loss) per basic share $ 0.50 $ (0.06 ) Net earnings (loss) per diluted share $ 0.49 $ (0.06 ) (1) Incremental shares from equity awards are computed using the treasury stock method. For the three months ended March 31, 2016, weighted average common shares outstanding is the same for the computations of basic and diluted earnings per share because the Company had a net loss for the period. Equity awards, excluded from our computation of diluted earnings per share because they were anti-dilutive, were 1.6 million and 0.8 million for the three months ended March 31, 2017 and 2016, respectively.

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2017
Summary of Stock Option Activity	The following table summarizes stock option activity during the three months ended March 31, 2017. Weighted Weighted Average Average Remaining Aggregate Employee Director Exercise Contractual Intrinsic Options Options Price Term (yrs) Value (In thousands) (In millions) Outstanding, at December 31, 2016 2,069 20 $ 64.77 5.8 $ 28.9 Granted 431 — $ 84.56 Forfeited (13 ) — $ 87.57 Exercised (128 ) (8 ) $ 49.52 Expired — — $ — Outstanding, at March 31, 2017 2,359 12 $ 69.12 6.6 $ 41.9 Vested/expected to vest, at March 31, 2017 2,252 12 $ 68.24 6.4 $ 41.8 Exercisable, at March 31, 2017 1,245 12 $ 53.21 4.3 $ 39.5
Highlight of Stock Options Activity	Three Months Ended March 31, 2017 2016 (In millions) Compensation expense $ 1.8 $ 1.6 Intrinsic value of stock options exercised $ 4.5 $ 1.3 Tax benefit recognized from stock option exercises $ 1.7 $ 0.4
Summary of Restricted Stock Unit Activity	The following table summarizes the restricted stock unit activity during the three months ended March 31, 2017: Weighted Weighted Employee Average Director Average Restricted Grant Date Restricted Grant Date Stock Units Fair Value Stock Units Fair Value (In thousands) (In thousands) Outstanding, at December 31, 2016 516 $ 87.03 104 $ 57.78 Granted 239 $ 84.00 16 $ 84.66 Vested (38 ) $ 80.21 — $ — Forfeited (8 ) $ 86.98 — $ — Outstanding, at March 31, 2017 709 $ 86.37 120 $ 61.43
Highlights of Restricted Stock Unit Activity	Three Months Ended March 31, 2017 2016 (In millions) Compensation expense $ 4.7 $ 3.5 Fair value of vested restricted stock units $ 2.9 $ 0.2 Tax benefit recognized from vested restricted stock units $ 1.1 $ 0.1
Summary of Performance Unit Activity	The following table summarizes the performance unit activity during the three months ended March 31, 2017: Weighted Average Performance Grant Date Units Fair Value (In thousands) Unvested, at December 31, 2016 246 $ 85.16 Granted 115 $ 84.66 Vested — $ — Forfeited (1 ) $ 89.89 Unvested, at March 31, 2017 360 $ 84.99
Highlight of Performance Unit Activity	Three Months Ended March 31, 2017 2016 (In millions) Compensation expense $ 1.0 $ 1.1 Fair value of vested performance units $ — $ — Tax benefit recognized from performance units vested $ — $ —

Accumulated Other Comprehensi42

Accumulated Other Comprehensive Loss (Tables)	3 Months Ended
	Mar. 31, 2017
Components of Accumulated Other Comprehensive Loss Net of Tax Except for Foreign Currency Translation Adjustment	Accumulated other comprehensive loss consists of the following components, all of which are net of tax, except for the foreign currency translation adjustment: Unrecognized Accumulated Foreign Pension and Other Currency Postretirement Comprehensive Translation (1) Benefits (2) Loss (In millions) Balance at December 31, 2016 $ (89.4 ) $ (11.9 ) $ (101.3 ) Other comprehensive income 3.6 — 3.6 Reclassifications from accumulated other comprehensive loss — 0.3 0.3 Other comprehensive income 3.6 0.3 3.9 Balance at March 31, 2017 $ (85.8 ) $ (11.6 ) $ (97.4 ) Unrecognized Accumulated Foreign Pension and Other Currency Postretirement Comprehensive Translation (1) Benefits (2) Loss (In millions) Balance at December 31, 2015 $ (100.5 ) $ (13.0 ) $ (113.5 ) Other comprehensive income 24.3 — 24.3 Reclassifications from accumulated other comprehensive loss — 0.3 0.3 Other comprehensive income 24.3 0.3 24.6 Balance at March 31, 2016 $ (76.2 ) $ (12.7 ) $ (88.9 ) (1) The foreign currency translation adjustment is not net of tax, as it pertains to the Company’s permanent investment in its foreign subsidiaries. (2) The unrecognized pension and postretirement benefits reclassification is presented net of tax of $0.2 million and $0.1 million for the three months ended March 31, 2017 and 2016, respectively. The reclassification is included in the computation of net periodic pension and postretirement cost, which is recorded in the Cost of sales and General and administrative lines of the Condensed Consolidated Statements of Operations.
Reclassifications from Accumulated Other Comprehensive Loss	The Condensed Consolidated Statements of Operations lines impacted by reclassifications out of Accumulated other comprehensive loss are outlined below: Affected line in Reclassifications from Accumulated the Condensed Consolidated Other Comprehensive Loss Statements of Operations Three Months Ended March 31, 2017 2016 (In millions) Amortization of defined benefit pension and postretirement items: Prior service costs $ 0.1 $ 0.1 (a) Unrecognized net loss 0.4 0.3 (a) Total before tax 0.5 0.4 Income taxes 0.2 0.1 Income taxes Net of tax $ 0.3 $ 0.3 (a) These accumulated other comprehensive loss components are included in the computation of net periodic pension and postretirement cost, and are recorded in the Cost of sales and General and administrative lines of the Condensed Consolidated Statements of Operations.

Employee Retirement and Postr43

Employee Retirement and Postretirement Benefits (Tables)	3 Months Ended
	Mar. 31, 2017
Summary of Net Periodic Cost of Pension and Postretirement Benefit Plans	Components of net periodic pension expense are as follows: Three Months Ended March 31, 2017 2016 (In millions) Service cost $ 1.2 $ 1.0 Interest cost 4.0 3.0 Expected return on plan assets (4.7 ) (3.2 ) Amortization of unrecognized prior service cost 0.1 0.1 Amortization of unrecognized net loss 0.4 0.3 Net periodic pension cost $ 1.0 $ 1.2 The Company does not expect to make any contributions to the pension plans in 2017. Components of net periodic postretirement expense are as follows: Three Months Ended March 31, 2017 2016 (In millions) Service cost $ — $ — Interest cost 0.3 0.2 Amortization of unrecognized prior service cost — — Amortization of unrecognized net loss — — Net periodic postretirement cost $ 0.3 $ 0.2

Other Operating Expense, Net (T

Other Operating Expense, Net (Tables)	3 Months Ended
	Mar. 31, 2017
Other Operating Expense, Net	The Company incurred other operating expense for the three months ended March 31, 2017 and 2016, which consisted of the following: Three Months Ended March 31, 2017 2016 (In millions) Restructuring $ 6.8 $ 1.6 Other — 0.1 Total other operating expense, net $ 6.8 $ 1.7

Supplemental Cash Flow Inform45

Supplemental Cash Flow Information (Tables)	3 Months Ended
	Mar. 31, 2017
Supplemental Cash Flow Information	Three Months Ended March 31, 2017 2016 (In millions) Interest paid $ 43.7 $ 17.9 Income taxes paid $ 6.2 $ 14.6 Accrued purchase of property and equipment $ 12.3 $ 13.9 Accrued other intangible assets $ 5.7 $ 1.9

Derivative Instruments (Tables)

Derivative Instruments (Tables)	3 Months Ended
	Mar. 31, 2017
Derivative, Fair Value, and Location on Condensed Consolidated Balance Sheet	The following table identifies the derivative, its fair value, and location on the Condensed Consolidated Balance Sheets: Fair Value Balance Sheet Location March 31, 2017 December 31, 2016 (In millions) Asset Derivatives Commodity contracts Prepaid expenses and other current assets $ 0.7 $ 1.0 Foreign currency contracts Prepaid expenses and other current assets 0.6 0.7 Interest rate swap agreements Prepaid expenses and other current assets 11.4 10.4 $ 12.7 $ 12.1 Liability Derivatives Commodity contracts Accounts payable and accrued expenses $ 1.3 $ 0.5 $ 1.3 $ 0.5
Gains and Losses on Derivative Contracts	We recorded the following gains and losses on our derivative contracts in the Condensed Consolidated Statements of Operations: Three Months Ended Location of Gain (Loss) March 31, Recognized in Net Income (Loss) 2017 2016 (In millions) Mark-to-market Commodity contracts Other expense, net $ (1.1 ) $ 0.4 Foreign currency contracts Other expense, net (0.1 ) (5.1 ) Interest rate swap agreements Other expense, net 1.0 — Total unrealized gain (loss) (0.2 ) (4.7 ) Realized gain (loss): Commodity contracts Manufacturing related to Cost of sales and transportation related to Selling and distribution 0.5 (1.0 ) Foreign currency contracts Cost of sales 0.2 0.8 Interest rate swap agreements Interest expense (0.1 ) — Total realized gain (loss) 0.6 (0.2 ) Total gain (loss) $ 0.4 $ (4.9 )

Fair Value (Tables)

Fair Value (Tables)	3 Months Ended
	Mar. 31, 2017
Carrying Value and Fair Value of Financial Instruments	The following table presents the carrying value and fair value of our financial instruments as of March 31, 2017 and December 31, 2016: March 31, 2017 December 31, 2016 Carrying Value Fair Value Carrying Value Fair Value Level (In millions) (In millions) Not recorded at fair value (liability): Revolving Credit Facility $ (148.0 ) $ (145.9 ) $ (170.0 ) $ (167.1 ) 2 Term Loan A $ (284.2 ) $ (284.6 ) $ (288.0 ) $ (288.1 ) 2 Term Loan A-1 $ (177.5 ) $ (177.8 ) $ (180.0 ) $ (180.3 ) 2 Term Loan A-2 $ (999.4 ) $ (1,001.0 ) $ (1,005.8 ) $ (1,007.4 ) 2 2022 Notes $ (400.0 ) $ (411.0 ) $ (400.0 ) $ (410.0 ) 2 2024 Notes $ (775.0 ) $ (811.8 ) $ (775.0 ) $ (809.9 ) 2 Recorded on a recurring basis at fair value (liability) asset: Commodity contracts $ (0.6 ) $ (0.6 ) $ 0.5 $ 0.5 2 Foreign currency contracts $ 0.6 $ 0.6 $ 0.7 $ 0.7 2 Interest rate swap agreements $ 11.4 $ 11.4 $ 10.4 $ 10.4 2 Investments $ 11.3 $ 11.3 $ 10.4 $ 10.4 1

Segment and Geographic Inform48

Segment and Geographic Information and Major Customers (Tables)	3 Months Ended
	Mar. 31, 2017
Financial Information Relating to Reportable Segments	Financial information relating to the Company’s reportable segments is as follows: Three Months Ended March 31, 2017 2016 (In millions) Net sales to external customers: Baked Goods $ 341.1 $ 219.5 Beverages 268.0 224.9 Condiments 310.1 295.6 Meals 324.0 272.4 Snacks 290.6 257.8 Unallocated 2.4 — Total $ 1,536.2 $ 1,270.2 Direct operating income: Baked Goods $ 41.9 $ 28.8 Beverages 58.7 57.7 Condiments 31.7 35.1 Meals 34.0 26.4 Snacks 12.5 9.8 Total 178.8 157.8 Unallocated selling, general, and administrative expenses (80.0 ) (100.7 ) Unallocated cost of sales (1) 1.5 (12.6 ) Unallocated corporate expense and other (33.0 ) (25.5 ) Operating income 67.3 19.0 Other expense (27.6 ) (23.8 ) Income (loss) before income taxes $ 39.7 $ (4.8 ) (1) Includes charges related to restructurings and other costs managed at corporate.
Net Sales by Major Products	Product Information Three Months Ended March 31, 2017 2016 (In millions) Products: Dressings and sauces $ 237.3 $ 221.3 Cereals and other meals 190.4 169.9 Snack nuts 187.7 142.3 Beverages 183.1 144.1 Retail bakery 182.6 113.3 Baked products 158.5 106.2 Pasta and dry dinners 133.6 102.5 Trail mix and bars 105.3 115.5 Beverage enhancers 84.9 80.8 Pickles 72.8 74.3 Total net sales $ 1,536.2 $ 1,270.2

GUARANTOR AND NON-GUARANTOR F49

GUARANTOR AND NON-GUARANTOR FINANCIAL INFORMATION (Tables)	3 Months Ended
	Mar. 31, 2017
Condensed Supplemental Consolidating Balance Sheet	Condensed Supplemental Consolidating Balance Sheet March 31, 2017 (In millions) Parent Guarantor Non-Guarantor Company Subsidiaries Subsidiaries Eliminations Consolidated Assets Current assets: Cash and cash equivalents $ — $ 0.8 $ 66.4 $ — $ 67.2 Investments — — 11.3 — 11.3 Accounts receivable, net 0.3 332.9 51.1 — 384.3 Inventories, net — 880.7 108.8 — 989.5 Assets held for sale — 3.6 — — 3.6 Prepaid expenses and other current assets 33.6 16.3 18.1 — 68.0 Total current assets 33.9 1,234.3 255.7 — 1,523.9 Property, plant, and equipment, net 30.4 1,161.2 146.7 — 1,338.3 Goodwill — 2,333.7 117.4 — 2,451.1 Investment in subsidiaries 5,100.3 527.7 — (5,628.0 ) — Intercompany accounts receivable (payable), net 126.1 (121.2 ) (4.9 ) — — Deferred income taxes 22.1 — — (22.1 ) — Intangible and other assets, net 59.4 997.7 104.6 — 1,161.7 Total assets $ 5,372.2 $ 6,133.4 $ 619.5 $ (5,650.1 ) $ 6,475.0 Liabilities and Stockholders’ Equity Current liabilities: Accounts payable and accrued expenses $ 59.6 $ 429.0 $ 60.6 $ — $ 549.2 Current portion of long-term debt 77.5 2.0 0.1 — 79.6 Total current liabilities 137.1 431.0 60.7 — 628.8 Long-term debt 2,674.9 2.0 0.2 — 2,677.1 Deferred income taxes — 398.9 26.2 (22.1 ) 403.0 Other long-term liabilities 11.6 201.2 4.7 — 217.5 Stockholders’ equity 2,548.6 5,100.3 527.7 (5,628.0 ) 2,548.6 Total liabilities and stockholders’ equity $ 5,372.2 $ 6,133.4 $ 619.5 $ (5,650.1 ) $ 6,475.0 Condensed Supplemental Consolidating Balance Sheet December 31, 2016 (In millions) Parent Guarantor Non-Guarantor Company Subsidiaries Subsidiaries Eliminations Consolidated Assets Current assets: Cash and cash equivalents $ — $ 0.2 $ 61.9 $ — $ 62.1 Investments — — 10.4 — 10.4 Accounts receivable, net — 372.9 56.1 — 429.0 Inventories, net — 869.6 108.4 — 978.0 Assets held for sale — 3.6 — — 3.6 Prepaid expenses and other current assets 23.6 36.7 17.3 — 77.6 Total current assets 23.6 1,283.0 254.1 — 1,560.7 Property, plant, and equipment, net 31.3 1,181.0 147.0 — 1,359.3 Goodwill — 2,330.8 116.4 — 2,447.2 Investment in subsidiaries 5,031.5 519.4 — (5,550.9 ) — Intercompany accounts receivable (payable), net 199.6 (196.9 ) (2.7 ) — — Deferred income taxes 20.7 — — (20.7 ) — Intangible and other assets, net 53.9 1,018.0 106.7 — 1,178.6 Total assets $ 5,360.6 $ 6,135.3 $ 621.5 $ (5,571.6 ) $ 6,545.8 Liabilities and Stockholders’ Equity Current liabilities: Accounts payable and accrued expenses $ 61.3 $ 493.1 $ 72.4 $ — $ 626.8 Current portion of long-term debt 63.1 3.2 0.1 — 66.4 Total current liabilities 124.4 496.3 72.5 — 693.2 Long-term debt 2,722.3 2.2 0.3 — 2,724.8 Deferred income taxes — 418.3 24.6 (20.7 ) 422.2 Other long-term liabilities 10.6 187.0 4.7 — 202.3 Stockholders’ equity 2,503.3 5,031.5 519.4 (5,550.9 ) 2,503.3 Total liabilities and stockholders’ equity $ 5,360.6 $ 6,135.3 $ 621.5 $ (5,571.6 ) $ 6,545.8
Condensed Supplemental Consolidating Statement of Operations	Condensed Supplemental Consolidating Statement of Operations Three Months Ended March 31, 2017 (In millions) Parent Guarantor Non-Guarantor Company Subsidiaries Subsidiaries Eliminations Consolidated Net sales $ — $ 1,455.4 $ 164.0 $ (83.2 ) $ 1,536.2 Cost of sales — 1,188.4 144.6 (83.2 ) 1,249.8 Gross profit — 267.0 19.4 — 286.4 Selling, general, and administrative expense 27.5 146.6 9.6 — 183.7 Amortization expense 2.9 23.4 2.3 — 28.6 Other operating expense, net — 6.6 0.2 — 6.8 Operating (loss) income (30.4 ) 90.4 7.3 — 67.3 Interest expense 31.2 0.2 1.2 (2.9 ) 29.7 Interest income (2.2 ) (2.9 ) (0.6 ) 2.9 (2.8 ) Other expense (income), net 0.1 — 0.6 — 0.7 (Loss) income before income taxes (59.5 ) 93.1 6.1 — 39.7 Income taxes (benefit) (22.8 ) 33.4 0.9 — 11.5 Equity in net income (loss) of subsidiaries 64.9 5.2 — (70.1 ) — Net income (loss) $ 28.2 $ 64.9 $ 5.2 $ (70.1 ) $ 28.2 Condensed Supplemental Consolidating Statement of Operations Three Months Ended March 31, 2016 (In millions) Parent Guarantor Non-Guarantor Company Subsidiaries Subsidiaries Eliminations Consolidated Net sales $ — $ 1,204.8 $ 133.8 $ (68.4 ) $ 1,270.2 Cost of sales — 997.1 116.9 (68.4 ) 1,045.6 Gross profit — 207.7 16.9 — 224.6 Selling, general, and administrative expense 53.7 116.4 10.0 — 180.1 Amortization expense 2.2 19.4 2.2 — 23.8 Other operating expense, net — 1.3 0.4 — 1.7 Operating (loss) income (55.9 ) 70.6 4.3 — 19.0 Interest expense 25.4 (0.1 ) 1.5 (1.1 ) 25.7 Interest income (2.2 ) (1.3 ) (0.4 ) 1.1 (2.8 ) Other expense (income), net — (4.7 ) 5.6 — 0.9 (Loss) income before income taxes (79.1 ) 76.7 (2.4 ) — (4.8 ) Income taxes (benefit) (30.0 ) 30.0 (1.6 ) — (1.6 ) Equity in net income (loss) of subsidiaries 45.9 (0.8 ) — (45.1 ) — Net (loss) income $ (3.2 ) $ 45.9 $ (0.8 ) $ (45.1 ) $ (3.2 )
Condensed Supplemental Consolidating Statement of Comprehensive Income (Loss)	Condensed Supplemental Consolidating Statement of Comprehensive Income (Loss) Three Months Ended March 31, 2017 (In millions) Parent Guarantor Non-Guarantor Company Subsidiaries Subsidiaries Eliminations Consolidated Net income (loss) $ 28.2 $ 64.9 $ 5.2 $ (70.1 ) $ 28.2 Other comprehensive income: Foreign currency translation adjustments — — 3.6 — 3.6 Pension and postretirement reclassification adjustment, net of tax — 0.3 — — 0.3 Other comprehensive income — 0.3 3.6 — 3.9 Equity in other comprehensive income (loss) of subsidiaries 3.9 3.6 — (7.5 ) — Comprehensive income (loss) $ 32.1 $ 68.8 $ 8.8 $ (77.6 ) $ 32.1 Condensed Supplemental Consolidating Statement of Comprehensive Income (Loss) Three Months Ended March 31, 2016 (In millions) Parent Guarantor Non-Guarantor Company Subsidiaries Subsidiaries Eliminations Consolidated Net (loss) income $ (3.2 ) $ 45.9 $ (0.8 ) $ (45.1 ) $ (3.2 ) Other comprehensive income: Foreign currency translation adjustments — — 24.3 — 24.3 Pension and postretirement reclassification adjustment, net of tax — 0.3 — — 0.3 Other comprehensive income — 0.3 24.3 — 24.6 Equity in other comprehensive income (loss) of subsidiaries 24.6 24.3 — (48.9 ) — Comprehensive income (loss) $ 21.4 $ 70.5 $ 23.5 $ (94.0 ) $ 21.4
Condensed Supplemental Consolidating Statement of Cash Flows	Condensed Supplemental Consolidating Statement of Cash Flows Three Months Ended March 31, 2017 (In millions) Parent Guarantor Non- Guarantor Company Subsidiaries Subsidiaries Eliminations Consolidated Cash flows from operating activities: Net cash provided by (used in) operating activities $ 44.6 $ 97.7 $ 5.5 $ (69.3 ) $ 78.5 Cash flows from investing activities: Additions to property, plant, and equipment (1.1 ) (30.5 ) (3.1 ) — (34.7 ) Additions to intangible assets (8.2 ) (0.5 ) — — (8.7 ) Intercompany transfer (34.1 ) (31.0 ) — 65.1 — Proceeds from sale of fixed assets — 0.2 — — 0.2 Other — — (0.3 ) — (0.3 ) Net cash (used in) provided by investing activities (43.4 ) (61.8 ) (3.4 ) 65.1 (43.5 ) Cash flows from financing activities: Net borrowing (repayment) of debt (34.7 ) (1.4 ) — — (36.1 ) Intercompany transfer 27.7 (33.9 ) 2.0 4.2 — Receipts related to stock-based award activities 6.7 — — — 6.7 Payments related to stock-based award activities (0.9 ) — — — (0.9 ) Net cash provided by (used in) financing activities (1.2 ) (35.3 ) 2.0 4.2 (30.3 ) Effect of exchange rate changes on cash and cash equivalents — — 0.4 — 0.4 (Decrease) increase in cash and cash equivalents — 0.6 4.5 — 5.1 Cash and cash equivalents, beginning of period — 0.2 61.9 — 62.1 Cash and cash equivalents, end of period $ — $ 0.8 $ 66.4 $ — $ 67.2 Condensed Supplemental Consolidating Statement of Cash Flows Three Months Ended March 31, 2016 (In millions) Parent Guarantor Non- Guarantor Company Subsidiaries Subsidiaries Eliminations Consolidated Cash flows from operating activities: Net cash provided by (used in) operating activities $ 3.0 $ 153.0 $ (19.1 ) $ (26.0 ) $ 110.9 Cash flows from investing activities: Additions to property, plant, and equipment (0.1 ) (23.7 ) (1.1 ) — (24.9 ) Additions to intangible assets (2.0 ) — — — (2.0 ) Intercompany transfer 93.8 2.8 — (96.6 ) — Acquisitions, less cash acquired (2,683.5 ) 0.3 43.0 — (2,640.2 ) Proceeds from sale of fixed assets — 0.1 — — 0.1 Other — — (0.3 ) — (0.3 ) Net cash (used in) provided by investing activities (2,591.8 ) (20.5 ) 41.6 (96.6 ) (2,667.3 ) Cash flows from financing activities: Net borrowing (repayment) of debt 1,777.6 (0.8 ) — — 1,776.8 Payment of deferred financing costs (34.3 ) — — — (34.3 ) Intercompany transfer (1.8 ) (130.2 ) 9.4 122.6 — Net proceeds from issuance of common stock 835.1 — — — 835.1 Receipts related to stock-based award activities 1.9 — — — 1.9 Payments related to stock-based award activities (0.1 ) — — — (0.1 ) Net cash provided by (used in) financing activities 2,578.4 (131.0 ) 9.4 122.6 2,579.4 Effect of exchange rate changes on cash and cash equivalents — — 3.2 — 3.2 (Decrease) increase in cash and cash equivalents (10.4 ) 1.5 35.1 — 26.2 Cash and cash equivalents, beginning of period 10.4 0.1 24.4 — 34.9 Cash and cash equivalents, end of period $ — $ 1.6 $ 59.5 $ — $ 61.1

Basis of Presentation - Additio

Basis of Presentation - Additional Information (Detail) - USD ($) $ in Millions	Jan. 01, 2016	Mar. 31, 2017	Mar. 31, 2016
Basis of Presentation [Line Items]
Income tax benefit on recast to reflect the adoption of the ASU		$ 11.5	$ (1.6)
Accounting Standards Update 2016-09 | Restatement Adjustment
Basis of Presentation [Line Items]
Income tax benefit on recast to reflect the adoption of the ASU	$ (0.2)
Excess tax benefits retrospectively reclassified from financing to operating activities	(0.2)
Excess tax benefits retrospectively reclassified from financing to operating activities	$ 0.2

Schedule of Facility Closures (

Schedule of Facility Closures (Detail) $ in Millions	3 Months Ended
	Mar. 31, 2017USD ($)
Restructuring Cost and Reserve [Line Items]
Total Costs to Close	$ 48.7
Restructuring Plan, One
Restructuring Cost and Reserve [Line Items]
Facility Location	City of Industry, California
Date of Closure Announcement	Nov. 18, 2015
End of Production	First quarter of 2016
Full Facility Closure	Third quarter of 2016
Primary Products Produced	Liquid non-dairy creamer and refrigerated salad dressings
Primary Segment(s) Affected	Beverages, Condiments
Total Costs to Close	$ 6.9
Restructuring Plan, Two
Restructuring Cost and Reserve [Line Items]
Facility Location	Ayer, Massachusetts
Date of Closure Announcement	Apr. 5, 2016
End of Production	First quarter of 2017
Full Facility Closure	Third quarter of 2017
Primary Products Produced	Spoonable dressings
Primary Segment(s) Affected	Condiments
Total Costs to Close	$ 8.2
Restructuring Plan, Three
Restructuring Cost and Reserve [Line Items]
Facility Location	Azusa, California
Date of Closure Announcement	May 24, 2016
End of Production	First quarter of 2017
Full Facility Closure	Third quarter of 2017
Primary Products Produced	Bars and snack products
Primary Segment(s) Affected	Snacks
Total Costs to Close	$ 15.5
Restructuring Plan, Four
Restructuring Cost and Reserve [Line Items]
Facility Location	Ripon, Wisconsin
Date of Closure Announcement	May 24, 2016
End of Production	Fourth quarter of 2016
Full Facility Closure	Fourth quarter of 2016
Primary Products Produced	Sugar wafer cookies
Primary Segment(s) Affected	Baked Goods
Total Costs to Close	$ 2.5
Restructuring Plan, Five
Restructuring Cost and Reserve [Line Items]
Facility Location	Delta, British Columbia
Date of Closure Announcement	Nov. 3, 2016
End of Production	Fourth quarter of 2017
Full Facility Closure	First quarter of 2018
Primary Products Produced	Frozen griddle products
Primary Segment(s) Affected	Baked Goods
Total Costs to Close	$ 5.2
Restructuring Plan, Six
Restructuring Cost and Reserve [Line Items]
Facility Location	Battle Creek, Michigan
Date of Closure Announcement	Nov. 3, 2016
End of Production	-	[1]
Full Facility Closure	-	[1]
Primary Products Produced	Ready-to-eat cereal
Primary Segment(s) Affected	Meals
Total Costs to Close	$ 10.4
Expected payment in cash | Restructuring Plan, One
Restructuring Cost and Reserve [Line Items]
Total Costs to Close	3.8
Expected payment in cash | Restructuring Plan, Two
Restructuring Cost and Reserve [Line Items]
Total Costs to Close	5.5
Expected payment in cash | Restructuring Plan, Three
Restructuring Cost and Reserve [Line Items]
Total Costs to Close	12.2
Expected payment in cash | Restructuring Plan, Four
Restructuring Cost and Reserve [Line Items]
Total Costs to Close	1.4
Expected payment in cash | Restructuring Plan, Five
Restructuring Cost and Reserve [Line Items]
Total Costs to Close	3.7
Expected payment in cash | Restructuring Plan, Six
Restructuring Cost and Reserve [Line Items]
Total Costs to Close	$ 2.8
[1]	The downsizing of this facility began in January 2017 and is expected to last approximately 15 months.

Schedule of Facility Closures52

Schedule of Facility Closures (Parenthetical) (Detail) - Restructuring Plan, Six	3 Months Ended
	Mar. 31, 2017
Restructuring Cost and Reserve [Line Items]
Initiation month year	2017-01
Restructuring period	15 months

Restructuring - Additional Info

Restructuring - Additional Information (Detail) $ in Millions	3 Months Ended
	Mar. 31, 2017USD ($)
City of Industry, California
Restructuring Cost and Reserve [Line Items]
Plant closure, (reduction)increase in expected costs	$ 4.9
Ripon, Wisconsin
Restructuring Cost and Reserve [Line Items]
Plant closure, (reduction)increase in expected costs	0.4
Ayer, Massachusetts Facility
Restructuring Cost and Reserve [Line Items]
Plant closure, (reduction)increase in expected costs	1.7
Azusa, California
Restructuring Cost and Reserve [Line Items]
Plant closure, (reduction)increase in expected costs	0.6
Battle Creek, Michigan
Restructuring Cost and Reserve [Line Items]
Plant closure, (reduction)increase in expected costs	$ 0.9

Aggregate Expenses Incurred Ass

Aggregate Expenses Incurred Associated with Facility Closure (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 9.4	$ 1.5
Cumulative costs to date	31.4
Total expected costs	48.7
Asset Related Costs
Restructuring Cost and Reserve [Line Items]
Restructuring charges	4.4	0.8
Cumulative costs to date	14.6
Total expected costs	19.3
Employee Related Costs
Restructuring Cost and Reserve [Line Items]
Restructuring charges	2.5	0.6
Cumulative costs to date	9.8
Total expected costs	13.6
Other closure costs
Restructuring Cost and Reserve [Line Items]
Restructuring charges	2.5	$ 0.1
Cumulative costs to date	7
Total expected costs	$ 15.8

Reconciliation of Liabilities (

Reconciliation of Liabilities (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Restructuring Cost and Reserve [Line Items]
Expense	$ 9.4	$ 1.5
Severance
Restructuring Cost and Reserve [Line Items]
Balance as of December 31, 2016	3.5
Payments	(1.3)
Balance as of March 31, 2017	4.5
Severance | Member Units
Restructuring Cost and Reserve [Line Items]
Expense	2.3
Multi-employer Pension Plan Withdrawal
Restructuring Cost and Reserve [Line Items]
Balance as of December 31, 2016	0.8
Balance as of March 31, 2017	0.8
Employee Related Costs
Restructuring Cost and Reserve [Line Items]
Balance as of December 31, 2016	4.3
Expense	2.5	$ 0.6
Payments	(1.3)
Balance as of March 31, 2017	5.3
Employee Related Costs | Member Units
Restructuring Cost and Reserve [Line Items]
Expense	$ 2.3

Acquisitions - Additional Infor

Acquisitions - Additional Information (Detail) - USD ($)	Feb. 01, 2016	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Business Acquisition [Line Items]
Business acquisition, cost of acquired entity, purchase price, net of cash				$ 2,640,200,000
Net proceeds from issuance of stock				835,100,000
Proceeds from issuance of 2024 Notes				775,000,000
Proceeds from issuance of term loans A-2				1,025,000,000
Cost of sales			$ 1,249,800,000	1,045,600,000
Goodwill			2,451,100,000		$ 2,447,200,000
Purchase price adjustments			3,000,000
Baked Goods
Business Acquisition [Line Items]
Goodwill			555,600,000		554,200,000
Purchase price adjustments			1,400,000
Condiments
Business Acquisition [Line Items]
Goodwill			433,800,000		433,100,000
Purchase price adjustments			200,000
Meals
Business Acquisition [Line Items]
Goodwill			471,700,000		470,600,000
Purchase price adjustments			1,100,000
Snacks
Business Acquisition [Line Items]
Goodwill			276,400,000		$ 276,100,000
Purchase price adjustments			300,000
Private brands business of ConAgra Foods
Business Acquisition [Line Items]
Business acquisition, cost of acquired entity, purchase price, net of cash	$ 2,644,400,000
Net proceeds from issuance of stock	835,100,000
Proceeds from issuance of 2024 Notes	760,700,000
Proceeds from issuance of term loans A-2	1,025,000,000
Revolving credit facility - maximum borrowing capacity	900,000,000
Net sales		$ 506,400,000
Income before income taxes		12,200,000
Integration costs		$ 5,800,000
Indemnification assets	13,800,000
Business acquisition related costs			0	35,200,000
Goodwill	1,141,200,000
Purchase price adjustments			$ 3,000,000
Private brands business of ConAgra Foods | Fair Value Adjustment to Inventory
Business Acquisition [Line Items]
Cost of sales	8,400,000			$ 8,200,000
Private brands business of ConAgra Foods | Baked Goods
Business Acquisition [Line Items]
Goodwill	555,000,000
Private brands business of ConAgra Foods | Condiments
Business Acquisition [Line Items]
Goodwill	73,300,000
Private brands business of ConAgra Foods | Meals
Business Acquisition [Line Items]
Goodwill	413,800,000
Private brands business of ConAgra Foods | Snacks
Business Acquisition [Line Items]
Goodwill	97,900,000
Private brands business of ConAgra Foods | Customer relationships
Business Acquisition [Line Items]
Intangible asset	510,900,000
Private brands business of ConAgra Foods | Customer relationships | Retail Grocery Customers
Business Acquisition [Line Items]
Intangible asset	$ 496,100,000
Finite-lived intangible assets, useful life	13 years
Private brands business of ConAgra Foods | Customer relationships | Food Away From Home Customers
Business Acquisition [Line Items]
Intangible asset	$ 14,800,000
Finite-lived intangible assets, useful life	10 years
Private brands business of ConAgra Foods | Trade names
Business Acquisition [Line Items]
Intangible asset	$ 33,000,000
Finite-lived intangible assets, useful life	10 years
Private brands business of ConAgra Foods | Formulas/recipes
Business Acquisition [Line Items]
Intangible asset	$ 23,200,000
Finite-lived intangible assets, useful life	5 years
Private brands business of ConAgra Foods | Computer software
Business Acquisition [Line Items]
Intangible asset	$ 19,600,000
Private brands business of ConAgra Foods | Computer software | Minimum
Business Acquisition [Line Items]
Finite-lived intangible assets, useful life	1 year
Private brands business of ConAgra Foods | Computer software | Maximum
Business Acquisition [Line Items]
Finite-lived intangible assets, useful life	5 years

Purchase Price Allocation to Ne

Purchase Price Allocation to Net Tangible and Intangible Assets Acquired and Liabilities Assumed (Detail) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016	Feb. 01, 2016
Business Acquisition [Line Items]
Goodwill	$ 2,451.1	$ 2,447.2
Private brands business of ConAgra Foods
Business Acquisition [Line Items]
Cash			$ 43.3
Receivables			162.7
Inventory			443.7
Property, plant, and equipment			809.6
Other assets			50.2
Goodwill			1,141.2
Assets acquired			3,237.4
Deferred taxes			(152.8)
Assumed current liabilities			(246.6)
Assumed long-term liabilities			(150.3)
Total purchase price			2,687.7
Private brands business of ConAgra Foods | Customer relationships
Business Acquisition [Line Items]
Intangible asset			510.9
Private brands business of ConAgra Foods | Trade names
Business Acquisition [Line Items]
Intangible asset			33
Private brands business of ConAgra Foods | Computer software
Business Acquisition [Line Items]
Intangible asset			19.6
Private brands business of ConAgra Foods | Formulas/recipes
Business Acquisition [Line Items]
Intangible asset			$ 23.2

Business Acquisition Pro Forma

Business Acquisition Pro Forma Information (Detail) - Private brands business of ConAgra Foods $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2016USD ($)$ / shares
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Pro forma net sales | $	$ 1,594.1
Pro forma net income | $	$ 18.6
Pro forma basic earnings per common share | $ / shares	$ 0.33
Pro forma diluted earnings per common share | $ / shares	$ 0.32

Investments (Detail)

Investments (Detail) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Investment [Line Items]
Total investments	$ 11.3	$ 10.4
Equity | United States
Investment [Line Items]
Total investments	8.3	7.6
Equity | Non-U.S.
Investment [Line Items]
Total investments	1.9	1.8
Fixed Income
Investment [Line Items]
Total investments	$ 1.1	$ 1

Inventories (Detail)

Inventories (Detail) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Inventory [Line Items]
Raw materials and supplies	$ 427.9	$ 429.4
Finished goods	585.6	571.9
LIFO reserve	(24)	(23.3)
Total inventories	$ 989.5	$ 978

Inventories - Additional Inform

Inventories - Additional Information (Detail) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Inventory [Line Items]
LIFO inventory	$ 81.5	$ 105.9
Inventory accounted for under the weighted average cost method	$ 120.4	$ 116.2

Property, Plant, and Equipmen62

Property, Plant, and Equipment (Detail) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Property, Plant and Equipment [Line Items]
Land	$ 71.5	$ 71.2
Buildings and improvements	473.7	465.3
Machinery and equipment	1,357	1,324.5
Construction in progress	57	85
Total	1,959.2	1,946
Less accumulated depreciation	(620.9)	(586.7)
Property, plant, and equipment, net	$ 1,338.3	$ 1,359.3

Property, Plant, and Equipmen63

Property, Plant, and Equipment - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Property, Plant and Equipment [Line Items]
Depreciation expense	$ 43.8	$ 35.6

Goodwill and Intangible Asset64

Goodwill and Intangible Assets - Additional Information (Detail) $ in Millions	3 Months Ended
	Mar. 31, 2017USD ($)Segment	Mar. 31, 2016USD ($)	Dec. 31, 2016USD ($)
Goodwill And Intangible Assets [Line Items]
Number of operating segments | Segment	5
Total intangible assets, excluding goodwill	$ 1,118.5		$ 1,137.6
Amortization expense on intangible assets	$ 28.6	$ 23.8

Changes in Carrying Amount of G

Changes in Carrying Amount of Goodwill (Detail) $ in Millions	3 Months Ended
	Mar. 31, 2017USD ($)
Goodwill [Line Items]
Beginning Balance	$ 2,447.2
Purchase price adjustments	3
Foreign currency exchange adjustments	0.9
Ending Balance	2,451.1
Baked Goods
Goodwill [Line Items]
Beginning Balance	554.2
Purchase price adjustments	1.4
Ending Balance	555.6
Beverages
Goodwill [Line Items]
Beginning Balance	713.2
Foreign currency exchange adjustments	0.4
Ending Balance	713.6
Condiments
Goodwill [Line Items]
Beginning Balance	433.1
Purchase price adjustments	0.2
Foreign currency exchange adjustments	0.5
Ending Balance	433.8
Meals
Goodwill [Line Items]
Beginning Balance	470.6
Purchase price adjustments	1.1
Ending Balance	471.7
Snacks
Goodwill [Line Items]
Beginning Balance	276.1
Purchase price adjustments	0.3
Ending Balance	$ 276.4

Carrying Amounts of Intangible

Carrying Amounts of Intangible Assets with Indefinite Lives Other Than Goodwill (Detail) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Indefinite-lived Intangible Assets [Line Items]
Indefinite lived intangibles	$ 21.7	$ 21.6
Trademarks
Indefinite-lived Intangible Assets [Line Items]
Indefinite lived intangibles	$ 21.7	$ 21.6

Gross Carrying Amounts and Accu

Gross Carrying Amounts and Accumulated Amortization of Intangible Assets, with Finite Lives (Detail) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 1,512.2	$ 1,506.3
Accumulated Amortization	(415.4)	(390.3)
Net Carrying Amount	1,096.8	1,116
Customer-related Intangible Assets
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	1,285.4	1,284.3
Accumulated Amortization	(315.3)	(293.3)
Net Carrying Amount	970.1	991
Contractual agreements
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	3	3
Accumulated Amortization	(2.9)	(2.9)
Net Carrying Amount	0.1	0.1
Trademarks
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	65.8	69.6
Accumulated Amortization	(21.1)	(23.6)
Net Carrying Amount	44.7	46
Formulas/recipes
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	33.7	33.7
Accumulated Amortization	(14.2)	(12.8)
Net Carrying Amount	19.5	20.9
Computer software
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	124.3	115.7
Accumulated Amortization	(61.9)	(57.7)
Net Carrying Amount	$ 62.4	$ 58

Estimated Amortization Expense

Estimated Amortization Expense on Intangible Assets (Detail) $ in Millions	Mar. 31, 2017USD ($)
Finite-Lived Intangible Assets [Line Items]
2,017	$ 111.5
2,018	105.1
2,019	103.1
2,020	100.3
2,021	$ 90.4

Accounts Payable and Accrued 69

Accounts Payable and Accrued Expenses (Detail) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Accounts Payable and Accrued Liabilities [Line Items]
Accounts payable	$ 416.8	$ 458.1
Payroll and benefits	65.7	78.5
Interest	7.4	24.1
Taxes	16.2	31
Health insurance, workers' compensation, and other insurance costs	26.3	17.2
Marketing expenses	11.8	12.4
Other accrued liabilities	5	5.5
Total	$ 549.2	$ 626.8

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Income Taxes [Line Items]
Effective income tax rate	29.00%	33.30%
Effective income tax rate discrete benefit attributable to vesting and exercise of share based awards	2.10%
Decrease in total amount of unrecognized tax benefits within the next 12 months	$ 5.8
Decrease in unrecognized tax benefits is reasonably possible	$ 3.3

Long-Term Debt (Detail)

Long-Term Debt (Detail) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Tax increment financing and other debt	$ 4.3	$ 5.7
Total outstanding debt	2,788.4	2,824.5
Deferred financing costs	(31.7)	(33.3)
Less current portion	(79.6)	(66.4)
Total long-term debt	2,677.1	2,724.8
Revolving Credit Facility
Debt Instrument [Line Items]
Revolving credit facility	148	170
Term Loan A
Debt Instrument [Line Items]
Term Loan	284.2	288
Term Loan A-1
Debt Instrument [Line Items]
Term Loan	177.5	180
Term Loan A 2
Debt Instrument [Line Items]
Term Loan	999.4	1,005.8
2022 Notes
Debt Instrument [Line Items]
Senior notes	400	400
2024 Notes
Debt Instrument [Line Items]
Senior notes	$ 775	$ 775

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Detail) - USD ($)	Feb. 01, 2016	Mar. 31, 2017	Jun. 30, 2016
Debt Instrument [Line Items]
Fees related to amended and restated credit agreement		$ 20,300,000
Average interest rate on debt outstanding		2.79%
Credit agreement interest rate including effect of interest rate swaps		2.80%
Interest rate swap
Debt Instrument [Line Items]
Weighted average fixed interest rate		0.86%	0.86%
Derivative notional amount		$ 500,000,000	$ 500,000,000
Term Loan A 2
Debt Instrument [Line Items]
Debt instrument, leverage ratio	350.00%
Term loan maturity date	Feb. 1, 2021
Revolving Credit Facility
Debt Instrument [Line Items]
Revolving credit facility maturity date	Feb. 1, 2021
Term Loan A
Debt Instrument [Line Items]
Term loan maturity date	Feb. 1, 2021
Term Loan A-1
Debt Instrument [Line Items]
Term loan maturity date	Feb. 1, 2021

Long-Term Debt - Additional I73

Long-Term Debt - Additional Information - Revolving Credit Facility (Detail) - USD ($)	Feb. 01, 2016	Mar. 31, 2017
Direct And Indirect Guarantor Subsidiaries
Debt Instrument [Line Items]
Ownership percentage of direct and indirect guarantor subsidiary		100.00%
Revolving Credit Facility
Debt Instrument [Line Items]
Revolving credit facility available		$ 702,700,000
Revolving credit facility - maximum borrowing capacity	$ 900,000,000
Letters of credit facility issued but undrawn		$ 49,300,000
Revolving credit availability reduced by undrawn letters of credit		There were $49.3 million in letters of credit under the Revolving Credit Facility that were issued but undrawn, which have been included as a reduction to the calculation of available credit.
Minimum payment default amount that triggers a Cross default provision	$ 75,000,000
Revolving Credit Facility | Prior Credit Agreement
Debt Instrument [Line Items]
Term loan maturity date	May 6, 2019
Revolving Credit Facility | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Description of interest rate options		The interest rates under the Amended and Restated Credit Agreement are based on the Company's consolidated leverage ratio
Revolving Credit Facility | London Interbank Offered Rate (LIBOR) | Minimum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	1.25%
Revolving Credit Facility | London Interbank Offered Rate (LIBOR) | Maximum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	3.00%
Revolving Credit Facility | Base Rate Margin
Debt Instrument [Line Items]
Description of interest rate options		The interest rates under the Credit Agreement are based on the Company's consolidated leverage ratio
Revolving Credit Facility | Base Rate Margin | Minimum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	0.25%
Revolving Credit Facility | Base Rate Margin | Maximum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	2.00%

Long-Term Debt - Additional I74

Long-Term Debt - Additional Information - Term Loan A (Detail) - Term Loan A - USD ($) $ in Millions	Feb. 01, 2016	May 06, 2014	Mar. 31, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Term loan maturity date	Feb. 1, 2021
Term loan - issuance amount		$ 300
Frequency of payments			Quarterly
Term loans			$ 284.2	$ 288
Prior Credit Agreement
Debt Instrument [Line Items]
Term loan maturity date		May 6, 2021
London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Description of interest rate options			The interest rates applicable to Term Loan A are based on the Company's consolidated leverage ratio
London Interbank Offered Rate (LIBOR) | Minimum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		1.25%
London Interbank Offered Rate (LIBOR) | Maximum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		3.00%
Base Rate Margin
Debt Instrument [Line Items]
Description of interest rate options			The interest rates applicable to Term Loan A are based on the Company's consolidated leverage ratio
Base Rate Margin | Minimum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		0.25%
Base Rate Margin | Maximum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		2.00%

Long-Term Debt - Additional I75

Long-Term Debt - Additional Information - Term Loan A-1 (Detail) - Term Loan A-1 - USD ($) $ in Millions	Feb. 01, 2016	Jul. 29, 2014	Mar. 31, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Term loan maturity date	Feb. 1, 2021
Term loan - issuance amount		$ 200
Term loans			$ 177.5	$ 180
Payment frequency			Quarterly
London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Description of interest rate options			The interest rates applicable to Term Loan A-1are based on the Company's consolidated leverage ratio
London Interbank Offered Rate (LIBOR) | Minimum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		1.25%
London Interbank Offered Rate (LIBOR) | Maximum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		3.00%
Base Rate Margin
Debt Instrument [Line Items]
Description of interest rate options			The interest rates applicable to Term Loan A-1are based on the Company's consolidated leverage ratio
Base Rate Margin | Minimum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		0.25%
Base Rate Margin | Maximum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		2.00%
Prior Credit Agreement
Debt Instrument [Line Items]
Term loan maturity date		May 6, 2019

Long-Term Debt - Additional I76

Long-Term Debt - Additional Information - Term Loan A-2 (Detail) - Term Loan A 2 - USD ($) $ in Millions	Feb. 01, 2016	Mar. 31, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Term loan maturity date	Feb. 1, 2021
Term loan - issuance amount	$ 1,025
Term loans		$ 999.4	$ 1,005.8
Payment frequency		Quarterly
London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Description of interest rate options		The interest rates applicable to Term Loan A-2 are based on the Company's consolidated leverage ratio
London Interbank Offered Rate (LIBOR) | Minimum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	1.25%
London Interbank Offered Rate (LIBOR) | Maximum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	3.00%
Base Rate Margin
Debt Instrument [Line Items]
Description of interest rate options		The interest rates applicable to Term Loan A-2 are based on the Company's consolidated leverage ratio
Base Rate Margin | Minimum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	0.25%
Base Rate Margin | Maximum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	2.00%

Long-Term Debt - Additional I77

Long-Term Debt - Additional Information - 2022 Notes (Detail) - USD ($) $ in Millions	Mar. 11, 2014	Mar. 31, 2017	Mar. 31, 2014
2022 Notes
Debt Instrument [Line Items]
Gross proceeds from issuance of debt	$ 400
Underwriting discount	6
Net proceeds from issuance of debt	$ 394
Stated debt interest rate	4.875%
Effective interest rate on senior notes	4.99%
Term loan maturity date	Mar. 15, 2022
Senior notes, early redemption description		In the event of a change in control of the Company, the Company will be required to make an offer to purchase the 2022 Notes at a purchase price equal to 101% of the principal amount of the 2022 Notes, plus accrued and unpaid interest up to the purchase date.
Redemption prices, plus accrued and unpaid interest, Percentage		101.00%
2018 Notes
Debt Instrument [Line Items]
Stated debt interest rate	7.75%		7.75%
Term loan maturity date			Mar. 1, 2018
Debt Instrument, Redemption, Period Three | 2022 Notes
Debt Instrument [Line Items]
Senior notes, early redemption start date		Mar. 15, 2017
Senior notes, early redemption description		On or after March 15, 2017, the Company may redeem some or all of the 2022 Notes at redemption prices set forth in the Indenture.

Long-Term Debt - Additional I78

Long-Term Debt - Additional Information - 2024 Notes (Detail) - USD ($) $ in Millions	Jan. 29, 2016	Mar. 31, 2017
2024 Notes
Debt Instrument [Line Items]
Aggregate principal amount	$ 775
Stated debt interest rate	6.00%
Term loan maturity date	Feb. 15, 2024
Net proceeds from the issuance of the 2024 Notes	$ 760.7
Effective interest rate on senior notes	6.23%
Interest payment dates of 2024 Notes		February 15 and August 15 of each year
Senior notes, redemption rate of principal amount		101.00%
2024 Notes | Debt Instrument, Redemption, Period One
Debt Instrument [Line Items]
Senior notes, early redemption description		The Company may redeem some or all of the 2024 Notes at any time on or after February 15, 2019 at the applicable redemption prices described in the Indenture plus accrued and unpaid interest, if any, up to but not including the redemption date
Senior notes, early redemption start date		Feb. 15, 2019
2024 Notes | Debt Instrument, Redemption, Period Two
Debt Instrument [Line Items]
Senior notes, early redemption description		In addition, prior to February 15, 2019, the Company may redeem all or a portion of the 2024 Notes at a price equal to 100% of the principal amount plus the "make-whole" premium set forth in the Indenture plus accrued and unpaid interest, if any, up to but not including the redemption date.
Senior notes, redemption rate of principal amount		100.00%
Senior notes, early redemption end date		Feb. 15, 2019
2024 Notes | Debt Instrument, Redemption, Period Three
Debt Instrument [Line Items]
Senior notes, early redemption description		The Company may also redeem up to 40% of the 2024 Notes prior to February 15, 2019 with the net cash proceeds received from certain equity offerings at the redemption price set forth in the Indenture.
Senior notes, early redemption end date		Feb. 15, 2019
Senior notes, redemption rate of principal amount		40.00%
2022 Notes and 2024 Notes
Debt Instrument [Line Items]
Indenture accreted amount due and payable percentage		25.00%

Long-Term Debt - Additional I79

Long-Term Debt - Additional Information - Interest Rate Swap Agreements (Detail) - Interest rate swap - USD ($)	1 Months Ended
	Jun. 30, 2016	Mar. 31, 2017
Debt Instrument [Line Items]
Derivative notional amount	$ 500,000,000	$ 500,000,000
Weighted average fixed interest rate	0.86%	0.86%
Derivative contract, term	37 months
Derivative contract, date entered	Jan. 31, 2017
Derivative contract, date matures	Feb. 28, 2020
Minimum
Debt Instrument [Line Items]
Borrowing cost percentage on swapped principal	2.11%
Maximum
Debt Instrument [Line Items]
Borrowing cost percentage on swapped principal	3.86%

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Detail) - $ / shares	Mar. 31, 2017	Dec. 31, 2016
Stockholders Equity Note [Line Items]
Common stock, shares authorized	90,000,000	90,000,000
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares issued	56,900,000	56,800,000
Common stock, shares outstanding	56,900,000	56,800,000
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, par value	$ 0.01	$ 0.01

Summary of Effect of Share-Base

Summary of Effect of Share-Based Compensation Awards on Weighted Average Number of Shares Outstanding Used in Calculating Diluted Earnings Per Share (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016
Schedule of Weighted Average Number of Diluted Shares Outstanding [Line Items]
Net income (loss)		$ 28.2	$ (3.2)
Weighted average common shares outstanding		56.9	52.7
Assumed exercise/vesting of equity awards	[1]	0.7
Weighted average diluted common shares outstanding		57.6	52.7
Net earnings (loss) per basic share		$ 0.50	$ (0.06)
Net earnings (loss) per diluted share		$ 0.49	$ (0.06)
[1]	Incremental shares from equity awards are computed using the treasury stock method. For the three months ended March 31, 2016, weighted average common shares outstanding is the same for the computations of basic and diluted earnings per share because the Company had a net loss for the period. Equity awards, excluded from our computation of diluted earnings per share because they were anti-dilutive, were 1.6 million and 0.8 million for the three months ended March 31, 2017 and 2016, respectively.

Summary of Effect of Share-Ba82

Summary of Effect of Share-Based Compensation Awards on Weighted Average Number of Shares Outstanding Used in Calculating Diluted Earnings Per Share (Parenthetical) (Detail) - shares shares in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Schedule of Weighted Average Number of Diluted Shares Outstanding [Line Items]
Equity awards, excluded from computation of diluted earnings	1.6	0.8

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions	Feb. 14, 2017	Mar. 31, 2017	Mar. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense		$ 7.5	$ 6.2
Tax benefit recognized related to the compensation cost of share-based awards		2.8	$ 2.2
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation costs, unrecognized		$ 19.9
Compensation costs, recognition weighted average remaining period (in years)		2 years 4 months 24 days
Weighted average expected volatility		26.70%
Weighted average risk-free interest rate		2.80%
Expected term		6 years
Weighted average grant date fair		$ 24.84
Director Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of restricted stock units, earned and deferred		89,000
Employee Restricted Stock Units and Director Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation costs, unrecognized		$ 43.5
Compensation costs, recognition weighted average remaining period (in years)		2 years 3 months 18 days
Performance Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation costs, unrecognized		$ 16.9
Compensation costs, recognition weighted average remaining period (in years)		2 years 7 months 6 days
Share based compensation arrangement, award vesting period		3 years
Performance Units | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Predefined percentage for calculation of performance unit awards		0.00%
Performance Units | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Predefined percentage for calculation of performance unit awards		200.00%
TreeHouse Foods, Inc. Equity and Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity and Incentive Plan, additional shares available for issuance	3,800,000
Maximum number of shares available to be awarded		16,100,000
Shares available		4,600,000

Summary of Stock Option Activit

Summary of Stock Option Activity (Detail) - USD ($) $ / shares in Units, shares in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Employee And Director Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding, Beginning Balance	$ 64.77
Granted	84.56
Forfeited	87.57
Exercised	49.52
Expired	0
Outstanding, Ending Balance	69.12	$ 64.77
Vested/expected to vest, at March 31, 2017	68.24
Exercisable, at March 31, 2017	$ 53.21
Outstanding, Ending Balance	6 years 7 months 6 days	5 years 9 months 18 days
Vested/expected to vest, at March 31, 2017	6 years 4 months 24 days
Exercisable, at March 31, 2017	4 years 3 months 18 days
Outstanding, Beginning Balance	$ 28,900
Outstanding, Ending Balance	41,900	$ 28,900
Vested/expected to vest, at March 31, 2017	41,800
Exercisable, at March 31, 2017	$ 39,500
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding, Beginning Balance	2,069
Granted	431
Forfeited	(13)
Exercised	(128)
Expired	0
Outstanding, Ending Balance	2,359	2,069
Vested/expected to vest, at March 31, 2017	2,252
Exercisable, at March 31, 2017	1,245
Director Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding, Beginning Balance	20
Exercised	(8)
Expired	0
Outstanding, Ending Balance	12	20
Vested/expected to vest, at March 31, 2017	12
Exercisable, at March 31, 2017	12

Summary of Employee and Directo

Summary of Employee and Director Stock Option Highlights (Detail) - Employee And Director Stock Option - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	$ 1.8	$ 1.6
Intrinsic value of stock options exercised	4.5	1.3
Tax benefit recognized from stock option exercises	$ 1.7	$ 0.4

Summary of Restricted Stock and

Summary of Restricted Stock and Restricted Stock Unit Activity (Detail) shares in Thousands	3 Months Ended
	Mar. 31, 2017$ / sharesshares
Employee Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Beginning Balance | shares	516
Granted | shares	239
Vested | shares	(38)
Forfeited | shares	(8)
Ending Balance | shares	709
Beginning Balance | $ / shares	$ 87.03
Granted | $ / shares	84
Vested | $ / shares	80.21
Forfeited | $ / shares	86.98
Ending Balance | $ / shares	$ 86.37
Director Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Beginning Balance | shares	104
Granted | shares	16
Ending Balance | shares	120
Beginning Balance | $ / shares	$ 57.78
Granted | $ / shares	84.66
Ending Balance | $ / shares	$ 61.43

Summary of Employee and Direc87

Summary of Employee and Director Restricted Stock and Restricted Stock Highlights (Detail) - Employee Restricted Stock Units and Director Restricted Stock Units - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	$ 4.7	$ 3.5
Fair value of vested restricted stock units	2.9	0.2
Tax benefit recognized from vested restricted stock units	$ 1.1	$ 0.1

Summary of Performance Unit Act

Summary of Performance Unit Activity (Detail) - Performance Units shares in Thousands	3 Months Ended
	Mar. 31, 2017$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Beginning Balance | shares	246
Granted | shares	115
Vested | shares	0
Forfeited | shares	(1)
Ending Balance | shares	360
Beginning Balance | $ / shares	$ 85.16
Granted | $ / shares	84.66
Vested | $ / shares	0
Forfeited | $ / shares	89.89
Ending Balance | $ / shares	$ 84.99

Summary of Performance Unit Hig

Summary of Performance Unit Highlights (Detail) - Performance Units - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	$ 1	$ 1.1
Fair value of vested performance units	0	0
Tax benefit recognized from performance units vested	$ 0	$ 0

Components of Accumulated Other

Components of Accumulated Other Comprehensive Loss Net of Tax Except for Foreign Currency Translation Adjustment (Detail) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance		$ 2,503.3	$ (113.5)
Other comprehensive income		3.6	24.3
Reclassifications from accumulated other comprehensive loss		0.3	0.3
Other comprehensive income		3.9	24.6
Ending Balance		2,548.6
Foreign Currency Translation
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	[1]	(89.4)	(100.5)
Other comprehensive income	[1]	3.6	24.3
Other comprehensive income	[1]	3.6	24.3
Ending Balance	[1]	(85.8)	(76.2)
Unrecognized Pension and Postretirement Benefits
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	[2]	(11.9)	(13)
Reclassifications from accumulated other comprehensive loss	[2]	0.3	0.3
Other comprehensive income	[2]	0.3	0.3
Ending Balance	[2]	(11.6)	(12.7)
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance		(101.3)
Ending Balance		$ (97.4)	$ (88.9)
[1]	The foreign currency translation adjustment is not net of tax, as it pertains to the Company's permanent investment in its foreign subsidiaries.
[2]	The unrecognized pension and postretirement benefits reclassification is presented net of tax of $0.2 million and $0.1 million for the three months ended March 31, 2017 and 2016, respectively. The reclassification is included in the computation of net periodic pension and postretirement cost, which is recorded in the Cost of sales and General and administrative lines of the Condensed Consolidated Statements of Operations.

Components of Accumulated Oth91

Components of Accumulated Other Comprehensive Loss Net of Tax Except for Foreign Currency Translation Adjustment (Parenthetical) (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Accumulated Other Comprehensive Income (Loss) [Line Items]
Pension and postretirement reclassification adjustment, tax	$ 0.2	$ 0.1

Reclassifications from Accumula

Reclassifications from Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Reclassifications from accumulated other comprehensive loss, Net of tax		$ 0.3	$ 0.3
Prior service costs
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Reclassifications from accumulated other comprehensive loss, before tax	[1]	0.1	0.1
Unrecognized net loss
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Reclassifications from accumulated other comprehensive loss, before tax	[1]	0.4	0.3
Unrecognized Pension and Postretirement Benefits
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Reclassifications from accumulated other comprehensive loss, before tax		0.5	0.4
Income taxes		0.2	0.1
Reclassifications from accumulated other comprehensive loss, Net of tax	[2]	$ 0.3	$ 0.3
[1]	These accumulated other comprehensive loss components are included in the computation of net periodic pension and postretirement cost, and are recorded in the Cost of sales and General and administrative lines of the Condensed Consolidated Statements of Operations.
[2]	The unrecognized pension and postretirement benefits reclassification is presented net of tax of $0.2 million and $0.1 million for the three months ended March 31, 2017 and 2016, respectively. The reclassification is included in the computation of net periodic pension and postretirement cost, which is recorded in the Cost of sales and General and administrative lines of the Condensed Consolidated Statements of Operations.

Summary of Net Periodic Cost of

Summary of Net Periodic Cost of Pension and Postretirement Benefit Plans (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Pension Benefits
Components of net periodic costs:
Service cost	$ 1.2	$ 1
Interest cost	4	3
Expected return on plan assets	(4.7)	(3.2)
Amortization of unrecognized prior service cost	0.1	0.1
Amortization of unrecognized net loss	0.4	0.3
Net periodic pension cost	1	1.2
Postretirement Benefits
Components of net periodic costs:
Interest cost	0.3	0.2
Net periodic pension cost	$ 0.3	$ 0.2

Employee Retirement and Postr94

Employee Retirement and Postretirement Benefits - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2017USD ($)
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Expected contribution for benefit plans in the remaining current fiscal year	$ 0
Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Expected contribution for benefit plans in the remaining current fiscal year	$ 1,600,000

Other Operating Expense, Net (D

Other Operating Expense, Net (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Other Operating Income Expense Net [Line Items]
Restructuring	$ 6.8	$ 1.6
Other		0.1
Total other operating expense, net	$ 6.8	$ 1.7

Supplemental Cash Flow Inform96

Supplemental Cash Flow Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Schedule of Cash Flow, Supplemental [Line Items]
Interest paid	$ 43.7	$ 17.9
Income taxes paid	6.2	14.6
Accrued purchase of property and equipment	12.3	13.9
Accrued other intangible assets	$ 5.7	$ 1.9

Supplemental Cash Flow Inform97

Supplemental Cash Flow Information - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Schedule of Cash Flow, Supplemental [Line Items]
Non-cash financing activities related to vesting of restricted stock, restricted stock units, and performance stock units	$ 2.9	$ 0.2

Derivative Instruments - Additi

Derivative Instruments - Additional Information (Detail)	1 Months Ended	3 Months Ended
	Jun. 30, 2016USD ($)	Mar. 31, 2017USD ($)galMWlbDTH
Interest rate swap
Derivative [Line Items]
Derivative notional amount	$ 500,000,000	$ 500,000,000
Weighted average fixed interest rate	0.86%	0.86%
Derivative contract, term	37 months
Derivative contract, date entered	Jan. 31, 2017
Derivative contract, date matures	Feb. 28, 2020
Electricity Contract
Derivative [Line Items]
Derivative, expiration period		Throughout 2017 and early 2018
Notional amount outstanding | MW		76,608
Diesel Contract
Derivative [Line Items]
Derivative, expiration period		Throughout 2,017
Notional amount outstanding | gal		15,600,000
Natural Gas Contract
Derivative [Line Items]
Derivative, expiration period		Throughout 2,017
Notional amount outstanding | DTH		700,000
Soybean Oil
Derivative [Line Items]
Derivative, expiration period		Throughout 2,017
Notional amount outstanding | lb		32,000,000
Foreign Currency Contract
Derivative [Line Items]
Derivative notional amount		$ 30,900,000
Derivative, expiration period		Throughout 2,017

Derivative, Fair Value, and Loc

Derivative, Fair Value, and Location on Condensed Consolidated Balance Sheets (Detail) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Derivatives, Fair Value [Line Items]
Asset derivative, fair value	$ 12.7	$ 12.1
Liability derivative, fair value	1.3	0.5
Foreign Currency Contract | Prepaid expenses and other current assets
Derivatives, Fair Value [Line Items]
Asset derivative, fair value	0.6	0.7
Commodity contracts | Accounts payable and accrued expenses
Derivatives, Fair Value [Line Items]
Liability derivative, fair value	1.3	0.5
Commodity contracts | Prepaid expenses and other current assets
Derivatives, Fair Value [Line Items]
Asset derivative, fair value	0.7	1
Interest rate swap | Prepaid expenses and other current assets
Derivatives, Fair Value [Line Items]
Asset derivative, fair value	$ 11.4	$ 10.4

Gains and Losses on Derivative

Gains and Losses on Derivative Contracts (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Derivative Instruments, Gain (Loss) [Line Items]
Mark to market unrealized gain (loss), commodity and derivative	$ (0.2)	$ (4.7)
Realized gain (loss)	0.6	(0.2)
Total gain (loss)	0.4	(4.9)
Commodity contracts | Other expense, net
Derivative Instruments, Gain (Loss) [Line Items]
Mark to market unrealized gain (loss), commodity	(1.1)	0.4
Commodity contracts | Selling and distribution
Derivative Instruments, Gain (Loss) [Line Items]
Realized gain (loss)	0.5	(1)
Foreign Currency Contract | Other expense, net
Derivative Instruments, Gain (Loss) [Line Items]
Mark to market unrealized gain (loss), derivative	(0.1)	(5.1)
Foreign Currency Contract | Cost of sales
Derivative Instruments, Gain (Loss) [Line Items]
Realized gain (loss)	0.2	$ 0.8
Interest rate swap | Other expense, net
Derivative Instruments, Gain (Loss) [Line Items]
Mark to market unrealized gain (loss), derivative	1
Interest rate swap | Interest expense
Derivative Instruments, Gain (Loss) [Line Items]
Realized gain (loss)	$ (0.1)

Carrying Value and Fair Value o

Carrying Value and Fair Value of Financial Instruments (Detail) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Carrying Value | Fair Value, Inputs, Level 2 | Revolving Credit Facility
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Revolving Credit Facility	$ (148)	$ (170)
Carrying Value | Fair Value, Inputs, Level 2 | Term Loan A
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Term Loan	(284.2)	(288)
Carrying Value | Fair Value, Inputs, Level 2 | Term Loan A-1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Term Loan	(177.5)	(180)
Carrying Value | Fair Value, Inputs, Level 2 | Term Loan A 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Term Loan	(999.4)	(1,005.8)
Carrying Value | Fair Value, Inputs, Level 2 | 2022 Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes	(400)	(400)
Carrying Value | Fair Value, Inputs, Level 2 | 2024 Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes	(775)	(775)
Carrying Value | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investments	11.3	10.4
Carrying Value | Fair Value, Measurements, Recurring | Commodity contracts | Fair Value, Inputs, Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative assets (liability)	(0.6)	0.5
Carrying Value | Fair Value, Measurements, Recurring | Foreign Currency Contract | Fair Value, Inputs, Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative assets (liability)	0.6	0.7
Carrying Value | Fair Value, Measurements, Recurring | Interest rate swap | Fair Value, Inputs, Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative assets (liability)	11.4	10.4
Fair Value | Fair Value, Inputs, Level 2 | Revolving Credit Facility
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Revolving Credit Facility	(145.9)	(167.1)
Fair Value | Fair Value, Inputs, Level 2 | Term Loan A
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Term Loan	(284.6)	(288.1)
Fair Value | Fair Value, Inputs, Level 2 | Term Loan A-1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Term Loan	(177.8)	(180.3)
Fair Value | Fair Value, Inputs, Level 2 | Term Loan A 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Term Loan	(1,001)	(1,007.4)
Fair Value | Fair Value, Inputs, Level 2 | 2022 Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes	(411)	(410)
Fair Value | Fair Value, Inputs, Level 2 | 2024 Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes	(811.8)	(809.9)
Fair Value | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investments	11.3	10.4
Fair Value | Fair Value, Measurements, Recurring | Commodity contracts | Fair Value, Inputs, Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative assets (liability)	(0.6)	0.5
Fair Value | Fair Value, Measurements, Recurring | Foreign Currency Contract | Fair Value, Inputs, Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative assets (liability)	0.6	0.7
Fair Value | Fair Value, Measurements, Recurring | Interest rate swap | Fair Value, Inputs, Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative assets (liability)	$ 11.4	$ 10.4

Financial Information Relating

Financial Information Relating to Reportable Segments (Detail) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016
Segment Reporting Information [Line Items]
Net sales		$ 1,536.2	$ 1,270.2
Direct operating income		178.8	157.8
Selling, general, and administrative expenses		(183.7)	(180.1)
Cost of sales		(1,249.8)	(1,045.6)
Operating (loss) income		67.3	19
Other expense		(27.6)	(23.8)
Income (loss) before income taxes		39.7	(4.8)
Baked Goods
Segment Reporting Information [Line Items]
Net sales		341.1	219.5
Direct operating income		41.9	28.8
Beverages
Segment Reporting Information [Line Items]
Net sales		268	224.9
Direct operating income		58.7	57.7
Condiments
Segment Reporting Information [Line Items]
Net sales		310.1	295.6
Direct operating income		31.7	35.1
Meals
Segment Reporting Information [Line Items]
Net sales		324	272.4
Direct operating income		34	26.4
Snacks
Segment Reporting Information [Line Items]
Net sales		290.6	257.8
Direct operating income		12.5	9.8
Unallocated Amount to Segment
Segment Reporting Information [Line Items]
Net sales		2.4
Selling, general, and administrative expenses		(80)	(100.7)
Cost of sales	[1]	1.5	(12.6)
Unallocated corporate expense and other		$ (33)	$ (25.5)
[1]	Includes charges related to restructurings and other costs managed at corporate.

Segment and Geographic Infor103

Segment and Geographic Information and Major Customers - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Sales Revenue, Net | Customer Concentration Risk | Walmart Stores, Inc. and affiliates
Segment Reporting Information [Line Items]
Concentration risk, percentage	20.50%	18.80%
Outside of the United States | Sales Revenue, Net | Customer Concentration Risk
Segment Reporting Information [Line Items]
Concentration risk, percentage	8.30%	8.70%
Outside of the United States | Property, Plant and Equipment | Geographic Concentration Risk
Segment Reporting Information [Line Items]
Concentration risk, percentage	11.00%	10.80%
Canada | Sales Revenue, Net | Geographic Concentration Risk
Segment Reporting Information [Line Items]
Concentration risk, percentage	6.60%	7.30%

Net Sale by Major Products (Det

Net Sale by Major Products (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Segment Reporting Information [Line Items]
Net sales	$ 1,536.2	$ 1,270.2
Dressings and Sauces
Segment Reporting Information [Line Items]
Net sales	237.3	221.3
Cereals and Other Meals
Segment Reporting Information [Line Items]
Net sales	190.4	169.9
Snacks
Segment Reporting Information [Line Items]
Net sales	187.7	142.3
Beverages
Segment Reporting Information [Line Items]
Net sales	183.1	144.1
Retail Bakery
Segment Reporting Information [Line Items]
Net sales	182.6	113.3
Baked Products
Segment Reporting Information [Line Items]
Net sales	158.5	106.2
Pasta and Dry Dinners
Segment Reporting Information [Line Items]
Net sales	133.6	102.5
Trail Mix and Bars
Segment Reporting Information [Line Items]
Net sales	105.3	115.5
Beverage Enhancers
Segment Reporting Information [Line Items]
Net sales	84.9	80.8
Pickles
Segment Reporting Information [Line Items]
Net sales	$ 72.8	$ 74.3

Condensed Supplemental Consolid

Condensed Supplemental Consolidating Balance Sheet (Detail) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 67.2	$ 62.1	$ 61.1	$ 34.9
Investments	11.3	10.4
Accounts receivable, net	384.3	429
Inventories, net	989.5	978
Assets held for sale	3.6	3.6
Prepaid expenses and other current assets	68	77.6
Total current assets	1,523.9	1,560.7
Property, plant, and equipment, net	1,338.3	1,359.3
Goodwill	2,451.1	2,447.2
Intangible and other assets, net	1,161.7	1,178.6
Total assets	6,475	6,545.8
Current liabilities:
Accounts payable and accrued expenses	549.2	626.8
Current portion of long-term debt	79.6	66.4
Total current liabilities	628.8	693.2
Long-term debt	2,677.1	2,724.8
Deferred income taxes	403	422.2
Other long-term liabilities	217.5	202.3
Stockholders' equity	2,548.6	2,503.3		(113.5)
Total liabilities and stockholders' equity	6,475	6,545.8
Eliminations
Current assets:
Investment in subsidiaries	(5,628)	(5,550.9)
Deferred income taxes	(22.1)	(20.7)
Total assets	(5,650.1)	(5,571.6)
Current liabilities:
Deferred income taxes	(22.1)	(20.7)
Stockholders' equity	(5,628)	(5,550.9)
Total liabilities and stockholders' equity	(5,650.1)	(5,571.6)
Parent Company
Current assets:
Cash and cash equivalents				10.4
Accounts receivable, net	0.3
Prepaid expenses and other current assets	33.6	23.6
Total current assets	33.9	23.6
Property, plant, and equipment, net	30.4	31.3
Investment in subsidiaries	5,100.3	5,031.5
Intercompany accounts receivable (payable), net	126.1	199.6
Deferred income taxes	22.1	20.7
Intangible and other assets, net	59.4	53.9
Total assets	5,372.2	5,360.6
Current liabilities:
Accounts payable and accrued expenses	59.6	61.3
Current portion of long-term debt	77.5	63.1
Total current liabilities	137.1	124.4
Long-term debt	2,674.9	2,722.3
Other long-term liabilities	11.6	10.6
Stockholders' equity	2,548.6	2,503.3
Total liabilities and stockholders' equity	5,372.2	5,360.6
Guarantor Subsidiaries
Current assets:
Cash and cash equivalents	0.8	0.2	1.6	0.1
Accounts receivable, net	332.9	372.9
Inventories, net	880.7	869.6
Assets held for sale	3.6	3.6
Prepaid expenses and other current assets	16.3	36.7
Total current assets	1,234.3	1,283
Property, plant, and equipment, net	1,161.2	1,181
Goodwill	2,333.7	2,330.8
Investment in subsidiaries	527.7	519.4
Intercompany accounts receivable (payable), net	(121.2)	(196.9)
Intangible and other assets, net	997.7	1,018
Total assets	6,133.4	6,135.3
Current liabilities:
Accounts payable and accrued expenses	429	493.1
Current portion of long-term debt	2	3.2
Total current liabilities	431	496.3
Long-term debt	2	2.2
Deferred income taxes	398.9	418.3
Other long-term liabilities	201.2	187
Stockholders' equity	5,100.3	5,031.5
Total liabilities and stockholders' equity	6,133.4	6,135.3
Non-Guarantor Subsidiaries
Current assets:
Cash and cash equivalents	66.4	61.9	$ 59.5	$ 24.4
Investments	11.3	10.4
Accounts receivable, net	51.1	56.1
Inventories, net	108.8	108.4
Prepaid expenses and other current assets	18.1	17.3
Total current assets	255.7	254.1
Property, plant, and equipment, net	146.7	147
Goodwill	117.4	116.4
Intercompany accounts receivable (payable), net	(4.9)	(2.7)
Intangible and other assets, net	104.6	106.7
Total assets	619.5	621.5
Current liabilities:
Accounts payable and accrued expenses	60.6	72.4
Current portion of long-term debt	0.1	0.1
Total current liabilities	60.7	72.5
Long-term debt	0.2	0.3
Deferred income taxes	26.2	24.6
Other long-term liabilities	4.7	4.7
Stockholders' equity	527.7	519.4
Total liabilities and stockholders' equity	$ 619.5	$ 621.5

Condensed Supplemental Conso106

Condensed Supplemental Consolidating Statement of Operations (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Condensed Financial Statements, Captions [Line Items]
Net sales	$ 1,536.2	$ 1,270.2
Cost of sales	1,249.8	1,045.6
Gross profit	286.4	224.6
Selling, general and administrative expense	183.7	180.1
Amortization expense	28.6	23.8
Other operating expense, net	6.8	1.7
Operating (loss) income	67.3	19
Interest expense	29.7	25.7
Interest income	(2.8)	(2.8)
Other expense (income), net	0.7	0.9
Income (loss) before income taxes	39.7	(4.8)
Income taxes (benefit)	11.5	(1.6)
Net income (loss)	28.2	(3.2)
Eliminations
Condensed Financial Statements, Captions [Line Items]
Net sales	(83.2)	(68.4)
Cost of sales	(83.2)	(68.4)
Interest expense	(2.9)	(1.1)
Interest income	2.9	1.1
Equity in net income (loss) of subsidiaries	(70.1)	(45.1)
Net income (loss)	(70.1)	(45.1)
Parent Company
Condensed Financial Statements, Captions [Line Items]
Selling, general and administrative expense	27.5	53.7
Amortization expense	2.9	2.2
Operating (loss) income	(30.4)	(55.9)
Interest expense	31.2	25.4
Interest income	(2.2)	(2.2)
Other expense (income), net	0.1
Income (loss) before income taxes	(59.5)	(79.1)
Income taxes (benefit)	(22.8)	(30)
Equity in net income (loss) of subsidiaries	64.9	45.9
Net income (loss)	28.2	(3.2)
Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Net sales	1,455.4	1,204.8
Cost of sales	1,188.4	997.1
Gross profit	267	207.7
Selling, general and administrative expense	146.6	116.4
Amortization expense	23.4	19.4
Other operating expense, net	6.6	1.3
Operating (loss) income	90.4	70.6
Interest expense	0.2	(0.1)
Interest income	(2.9)	(1.3)
Other expense (income), net		(4.7)
Income (loss) before income taxes	93.1	76.7
Income taxes (benefit)	33.4	30
Equity in net income (loss) of subsidiaries	5.2	(0.8)
Net income (loss)	64.9	45.9
Non-Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Net sales	164	133.8
Cost of sales	144.6	116.9
Gross profit	19.4	16.9
Selling, general and administrative expense	9.6	10
Amortization expense	2.3	2.2
Other operating expense, net	0.2	0.4
Operating (loss) income	7.3	4.3
Interest expense	1.2	1.5
Interest income	(0.6)	(0.4)
Other expense (income), net	0.6	5.6
Income (loss) before income taxes	6.1	(2.4)
Income taxes (benefit)	0.9	(1.6)
Net income (loss)	$ 5.2	$ (0.8)

Condensed Supplemental Conso107

Condensed Supplemental Consolidating Statement of Comprehensive Income (Loss) (Detail) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016
Condensed Financial Statements, Captions [Line Items]
Net income (loss)		$ 28.2	$ (3.2)
Other comprehensive income:
Foreign currency translation adjustments		3.6	24.3
Pension and postretirement reclassification adjustment, net of tax	[1]	0.3	0.3
Other comprehensive income		3.9	24.6
Comprehensive income		32.1	21.4
Eliminations
Condensed Financial Statements, Captions [Line Items]
Net income (loss)		(70.1)	(45.1)
Other comprehensive income:
Equity in other comprehensive income (loss) of subsidiaries		(7.5)	(48.9)
Comprehensive income		(77.6)	(94)
Parent Company
Condensed Financial Statements, Captions [Line Items]
Net income (loss)		28.2	(3.2)
Other comprehensive income:
Equity in other comprehensive income (loss) of subsidiaries		3.9	24.6
Comprehensive income		32.1	21.4
Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Net income (loss)		64.9	45.9
Other comprehensive income:
Pension and postretirement reclassification adjustment, net of tax		0.3	0.3
Other comprehensive income		0.3	0.3
Equity in other comprehensive income (loss) of subsidiaries		3.6	24.3
Comprehensive income		68.8	70.5
Non-Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Net income (loss)		5.2	(0.8)
Other comprehensive income:
Foreign currency translation adjustments		3.6	24.3
Other comprehensive income		3.6	24.3
Comprehensive income		$ 8.8	$ 23.5
[1]	Net of tax of $0.2 and $0.1 for the three months ended March 31, 2017 and 2016, respectively.

Condensed Supplemental Conso108

Condensed Supplemental Consolidating Statement of Cash Flows (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Cash flows from operating activities:
Net cash provided by (used in) operating activities	$ 78.5	$ 110.9
Cash flows from investing activities:
Additions to property, plant, and equipment	(34.7)	(24.9)
Additions to intangible assets	(8.7)	(2)
Acquisitions, less cash acquired		(2,640.2)
Proceeds from sale of fixed assets	0.2	0.1
Other	(0.3)	(0.3)
Net cash (used in) provided by investing activities	(43.5)	(2,667.3)
Cash flows from financing activities:
Net borrowing (repayment) of debt	(36.1)	1,776.8
Payment of deferred financing costs		(34.3)
Net proceeds from issuance of common stock		835.1
Receipts related to stock-based award activities	6.7	1.9
Payments related to stock-based award activities	(0.9)	(0.1)
Net cash (used in) provided by financing activities	(30.3)	2,579.4
Effect of exchange rate changes on cash and cash equivalents	0.4	3.2
(Decrease) increase in cash and cash equivalents	5.1	26.2
Cash and cash equivalents, beginning of period	62.1	34.9
Cash and cash equivalents, end of period	67.2	61.1
Eliminations
Cash flows from operating activities:
Net cash provided by (used in) operating activities	(69.3)	(26)
Cash flows from investing activities:
Intercompany transfer	65.1	(96.6)
Net cash (used in) provided by investing activities	65.1	(96.6)
Cash flows from financing activities:
Intercompany transfer	4.2	122.6
Net cash (used in) provided by financing activities	4.2	122.6
Parent Company
Cash flows from operating activities:
Net cash provided by (used in) operating activities	44.6	3
Cash flows from investing activities:
Additions to property, plant, and equipment	(1.1)	(0.1)
Additions to intangible assets	(8.2)	(2)
Intercompany transfer	(34.1)	93.8
Acquisitions, less cash acquired		(2,683.5)
Net cash (used in) provided by investing activities	(43.4)	(2,591.8)
Cash flows from financing activities:
Net borrowing (repayment) of debt	(34.7)	1,777.6
Payment of deferred financing costs		(34.3)
Intercompany transfer	27.7	(1.8)
Net proceeds from issuance of common stock		835.1
Receipts related to stock-based award activities	6.7	1.9
Payments related to stock-based award activities	(0.9)	(0.1)
Net cash (used in) provided by financing activities	(1.2)	2,578.4
(Decrease) increase in cash and cash equivalents		(10.4)
Cash and cash equivalents, beginning of period		10.4
Guarantor Subsidiaries
Cash flows from operating activities:
Net cash provided by (used in) operating activities	97.7	153
Cash flows from investing activities:
Additions to property, plant, and equipment	(30.5)	(23.7)
Additions to intangible assets	(0.5)
Intercompany transfer	(31)	2.8
Acquisitions, less cash acquired		0.3
Proceeds from sale of fixed assets	0.2	0.1
Net cash (used in) provided by investing activities	(61.8)	(20.5)
Cash flows from financing activities:
Net borrowing (repayment) of debt	(1.4)	(0.8)
Intercompany transfer	(33.9)	(130.2)
Net cash (used in) provided by financing activities	(35.3)	(131)
(Decrease) increase in cash and cash equivalents	0.6	1.5
Cash and cash equivalents, beginning of period	0.2	0.1
Cash and cash equivalents, end of period	0.8	1.6
Non-Guarantor Subsidiaries
Cash flows from operating activities:
Net cash provided by (used in) operating activities	5.5	(19.1)
Cash flows from investing activities:
Additions to property, plant, and equipment	(3.1)	(1.1)
Acquisitions, less cash acquired		43
Other	(0.3)	(0.3)
Net cash (used in) provided by investing activities	(3.4)	41.6
Cash flows from financing activities:
Intercompany transfer	2	9.4
Net cash (used in) provided by financing activities	2	9.4
Effect of exchange rate changes on cash and cash equivalents	0.4	3.2
(Decrease) increase in cash and cash equivalents	4.5	35.1
Cash and cash equivalents, beginning of period	61.9	24.4
Cash and cash equivalents, end of period	$ 66.4	$ 59.5