The Hershey Company (HSY) 10-Q 2 May 14 2014 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 30, 2014	Apr. 18, 2014	Apr. 18, 2014
		Common Class A	Common Class B
Document And Entity Information [Abstract]	'	'	'
Entity Registrant Name	'HERSHEY CO	'	'
Entity Central Index Key	'0000047111	'	'
Current Fiscal Year End Date	'--12-31	'	'
Entity Filer Category	'Large Accelerated Filer	'	'
Document Type	'10-Q	'	'
Document Period End Date	30-Mar-14	'	'
Document Fiscal Year Focus	'2014	'	'
Document Fiscal Period Focus	'Q1	'	'
Amendment Flag	'false	'	'
Entity Well-known Seasoned Issuer	'Yes	'	'
Entity Current Reporting Status	'Yes	'	'
Entity Voluntary Filers	'No	'	'
Statement [Line Items]	'	'	'
Entity Common Stock, Shares Outstanding	'	162,079,563	60,619,777

CONSOLIDATED_STATEMENTS_OF_INC

CONSOLIDATED STATEMENTS OF INCOME (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 30, 2014	Mar. 31, 2013
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	1,400,000	1,800,000
Net Sales	$1,871,813	$1,827,426
Costs and Expenses	'	'
Cost of sales	1,000,323	978,089
Selling, marketing and administrative	464,959	450,669
Business realignment and impairment charges, net	2,925	6,851
Total costs and expenses	1,468,207	1,435,609
Income before Interest and Income Taxes	403,606	391,817
Interest expense, net	21,285	23,633
Income before Interest and Income Taxes	382,321	368,184
Provision for income taxes	129,826	126,278
Net Income	$252,495	$241,906
Average Shares Outstanding - Basic - Common Stock	224,213,000	224,405,000
Average Shares Outstanding - Diluted	227,046,000	227,706,000
Common Stock	'	'
Costs and Expenses	'	'
Earnings Per Share - Basic	$1.16	$1.11
Earnings Per Share - Diluted	$1.11	$1.06
Average Shares Outstanding - Basic - Common Stock	163,593,000	163,776,000
Cash Dividends Paid Per Share	'	'
Common Stock	$0.49	$0.42
Common Class B	'	'
Costs and Expenses	'	'
Earnings Per Share - Basic	$1.04	$1
Earnings Per Share - Diluted	$1.03	$0.99
Average Shares Outstanding - Basic - Common Stock	60,620,000	60,629,000
Cash Dividends Paid Per Share	'	'
Common Stock	$0.44	$0.38

CONSOLIDATED_STATEMENTS_OF_COM

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 30, 2014	Mar. 31, 2013
Net Income	$252,495	$241,906
Other comprehensive income (loss), net of tax:	'	'
Foreign currency translation adjustments	-468	123
Pension and postretirement benefit plans	3,560	6,769
Cash flow hedges, net of tax:	'	'
Gains (Losses) on cash flow hedging derivatives	20,439	-1,773
Reclassification adjustments	-9,239	3,617
Total other comprehensive income, net of tax	14,292	8,736
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	$266,787	$250,642

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Mar. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Assets	'	'
Cash and cash equivalents	$1,006,096	$1,118,508
Accounts receivable - trade	620,493	477,912
Inventories	678,755	659,541
Deferred income taxes	46,610	52,511
Prepaid Expense and Other Assets, Current	193,020	178,862
Total current assets	2,544,974	2,487,334
Property, Plant and Equipment, at cost	3,950,400	3,779,394
Less-accumulated depreciation and amortization	-2,041,077	-1,974,049
Net property, plant and equipment	1,909,323	1,805,345
Goodwill	572,288	576,561
Other Intangibles	189,537	195,244
Other Assets	212,724	293,004
Total assets	5,428,846	5,357,488
Liabilities	'	'
Accounts Payable	465,162	461,514
Accrued liabilities	623,841	699,722
Accrued income taxes	172,460	79,911
Short-term debt	182,007	165,961
Current portion of long-term debt	975	914
Total current liabilities	1,444,445	1,408,022
Long-term Debt	1,793,500	1,795,142
Other Long-term Liabilities	424,814	434,068
Deferred Income Taxes	97,024	104,204
Total liabilities	3,759,783	3,741,436
The Hershey Company Stockholder's Equity	'	'
Preferred Stock, shares issued: none in 2014 and 2013	0	0
Common Stock, shares issued: 299,281,967 in 2014 and 299,281,527 in 2013	299,281	299,281
Class B Common Stock, shares issued: 60,619,777 in 2014 and 60,620,217 in 2013	60,620	60,620
Additional Paid in Capital	686,393	664,944
Retained earnings	5,601,471	5,454,286
Treasury-Common Stock shares at cost: 136,593,285 in 2014 and 136,007,023 in 2013	-4,890,021	-4,707,730
Accumulated other comprehensive loss	-152,275	-166,567
The Hershey Company Total Stockholders' Equity	1,605,469	1,604,834
Noncontrolling interests in subsidiaries	63,594	11,218
Total stockholders' equity	1,669,063	1,616,052
Total liabilities and stockholders' equity	$5,428,846	$5,357,488

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical)	Mar. 30, 2014	Dec. 31, 2013
STOCKHOLDERS' EQUITY	'	'
Preferred Stock, shares issued	0	0
Common Stock, shares issued	299,281,967	299,281,527
Class B Common Stock, shares issued	60,619,777	60,620,217
Treasury Stock, Shares	136,593,285	136,007,023

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 30, 2014	Mar. 31, 2013
Cash Flows Provided from (Used by) Operating Activities	'	'
Net Income	$252,495	$241,906
Adjustments to Reconcile Net Income to Net Cash Provided from Operations	'	'
Depreciation and amortization	49,303	48,748
Share-based compensation expense	12,955	12,454
Excess tax benefits from stock-based compensation	-38,962	-28,088
Deferred income taxes	-7,917	-7,793
Contributions to pension and other benefit plans	-6,691	-6,114
Changes in assets and liabilities, net of effects from business acquisitions	'	'
Accounts receivable - trade	-140,912	-55,210
Inventories	31,614	-2,181
Accounts payable	35,104	-6,497
Other assets and liabilities	16,768	95,955
Net Cash Flows Provided from Operating Activities	203,757	293,180
Cash Flows Provided from (Used by) Investing Activities	'	'
Capital Additions	-73,521	-90,592
Capitalized Software Additions	-5,986	-3,119
Proceeds from sales of property, plant and equipment	436	420
Business acquisitions, net of cash and cash equivalents acquired	10,035	0
Net Cash Flows (Used by) Investing Activities	-69,036	-93,291
Cash Flows Provided from (Used by) Financing Activities	'	'
Net increase (decrease) in short-term debt	8,146	-18,520
Long-term borrowings	78	1,543
Repayment of long-term debt	-393	-41
Cash dividends paid	-105,310	-91,604
Exercise of stock options	79,977	85,043
Excess tax benefits from stock-based compensation	38,962	28,088
Contributions from noncontrolling interests	2,940	1,470
Repurchase of Common Stock	-271,533	-204,044
Net Cash Flows (Used by) Financing Activities	-247,133	-198,065
(Decrease) in Cash and Cash Equivalents	-112,412	1,824
Cash and Cash Equivalents, beginning of period	1,118,508	728,272
Cash and Cash Equivalents, end of period	1,006,096	730,096
Interest Paid	29,054	29,183
Income Taxes Paid	$16,054	$74

BASIS_OF_PRESENTATION

BASIS OF PRESENTATION	3 Months Ended
	Mar. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
BASIS OF PRESENTATION	'
	BASIS OF PRESENTATION
	The unaudited consolidated financial statements provided in this report include the accounts of The Hershey Company (the “Company,” “Hershey,” “we” or “us”) and our majority-owned subsidiaries and entities in which we have a controlling financial interest after the elimination of intercompany accounts and transactions. We have a controlling financial interest if we own a majority of the outstanding voting common stock and the noncontrolling shareholders do not have substantive participating rights, or we have significant control over an entity through contractual or economic interests in which we are the primary beneficiary.
	The financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial reporting and with the rules and regulations for reporting on Form 10-Q. Accordingly, they do not contain certain information and disclosures required by GAAP for comprehensive financial statements. Our significant interim accounting policies include the recognition of a pro-rata share of certain estimated annual amounts primarily for raw material purchase price variances, advertising expense, incentive compensation expenses and the effective income tax rate. We have included all adjustments (consisting only of normal recurring accruals) that we believe are considered necessary for a fair presentation.
	Operating results for the quarter ended March 30, 2014 may not be indicative of the results that may be expected for the year ending December 31, 2014 because of seasonal effects on our business. These financial statements should be read in conjunction with our Annual Report on Form 10-K for the year ended December 31, 2013 (our “2013 Annual Report on Form 10-K”), which provides a more complete understanding of our accounting policies, financial position, operating results and other matters.

BUSINESS_ACQUISITIONS_AND_DIVE

BUSINESS ACQUISITIONS AND DIVESTITURES	3 Months Ended
	Mar. 30, 2014
Business Combinations [Abstract]	'
BUSINESS ACQUISITIONS	'
	BUSINESS ACQUISITION
	Acquisitions of businesses are accounted for as purchases and, accordingly, their results of operations are included in the consolidated financial statements from the respective dates of the acquisitions. The purchase price for business acquisitions is allocated to the assets acquired and liabilities assumed.
	In March 2014, we acquired an additional 5.9% interest in Lotte Shanghai Food Company (“LSFC”), a joint venture established in 2007 in China for the purpose of manufacturing and selling product to the venture partners. For this additional interest, we paid $5.6 million in cash, increasing our ownership from 44.1% to 50%. At the same time, we also amended the LSFC shareholders' agreement resulting in our operational control over the venture. With the additional operational control, we have reassessed our involvement with LSFC and concluded that we now have a controlling financial interest. Therefore, we have consolidated the venture as of the March 2014 acquisition date. We had previously accounted for our investment in LSFC using the equity method.
	Total consideration transferred was approximately $97.9 million, including the $5.6 million cash consideration paid, the estimated fair value of our previously held equity interest of $43.3 million and the estimated fair value of the remaining noncontrolling interest in LSFC of $49.1 million, which fair values were determined using a market-based approach. The preliminary estimate of the fair value of the LSFC assets acquired and liabilities assumed on the acquisition date was $98.2 million, including fixed assets of $106.3 million, short-term debt obligations of $13.3 million and other net assets of $5.2 million. The purchase price allocation is preliminary, subject to refinement of the fair value of the fixed assets and the tax basis of acquired assets and liabilities. We expect to finalize the purchase price allocation by the end of 2014.
	We recognized a gain of approximately $4.0 million in connection with this transaction, primarily related to the remeasurement of the fair value of our equity interest immediately before the business combination. The gain is included in selling, marketing and administrative within our consolidated statement of income. Additionally, cash acquired in the transaction exceeded the $5.6 million paid for the controlling interest by $10.0 million, resulting in a positive cash impact from the acquisition as presented in the consolidated statement of cash flows.

NONCONTROLLING_INTERESTS_IN_SU

NONCONTROLLING INTERESTS IN SUBSIDIARIES	3 Months Ended
	Mar. 30, 2014
Noncontrolling Interest [Abstract]	'
NONCONTROLLING INTERESTS IN SUBSIDIARIES	'
	NONCONTROLLING INTERESTS IN SUBSIDIARIES
	Noncontrolling interests in subsidiaries totaled $63.6 million as of March 30, 2014 and $11.2 million as of December 31, 2013, with the increase primarily reflecting the 50% noncontrolling interest resulting from our March 2014 acquisition of LSFC, as discussed in Note 2.
	We also own a 51% controlling interest in Hershey do Brasil under a cooperative agreement with Pandurata Netherlands B.V. (“Bauducco”), a leading manufacturer of baked goods in Brazil whose primary brand is Bauducco. During the first quarter of 2014 and 2013, we contributed cash of $3.1 million and $1.5 million, respectively, to Hershey do Brasil. Bauducco contributed $2.9 million and $1.5 million in each of these respective time periods.
	The share of losses pertaining to the noncontrolling interests in subsidiaries was $0.2 million for the three months ended March 30, 2014 and $1.1 million for the three months ended March 31, 2013. These amounts are reflected in selling, marketing and administrative expenses.

STOCK_COMPENSATION_PLAN

STOCK COMPENSATION PLAN	3 Months Ended
	Mar. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
STOCK COMPENSATION PLANS	'
	STOCK COMPENSATION PLANS
	The Hershey Company Equity and Incentive Compensation Plan (“EICP”) is the plan under which grants using shares for compensation and incentive purposes are made. The following table summarizes our stock compensation costs:
		For the Three Months Ended
	In millions of dollars	March 30,				March 31,
		2014				2013
	Total compensation amount charged against income for stock options, performance stock units (“PSUs”) and restricted stock units (“RSUs”)	$	13			$	12.5
	Total income tax benefit recognized in the Consolidated Statements of Income for share-based compensation	$	4.4			$	4.3
	Stock Options
	A summary of the status of our stock options as of March 30, 2014 and the change during 2014 is presented below:
		For the Three Months Ended March 30, 2014
	Stock Options	Shares		Weighted-Average	Weighted-Average Remaining
				Exercise Price	Contractual Term
	Outstanding at beginning of the period	8,660,336		$55.47	6.3 years
	Granted	1,358,370		$105.96
	Exercised	(1,612,484	)	$48.99
	Forfeited	(34,430	)	$67.66
	Outstanding as of March 30, 2014	8,371,792		$64.85	6.8 years
	Options exercisable as of March 30, 2014	4,458,119		$49.81	5.2 years
		For the Three Months Ended
		March 30,		March 31,
		2014		2013
	Weighted-average fair value of options granted (per share)	$21.52		$14.40
	Intrinsic value of options exercised (in millions of dollars)	$88.80		$69.10
	We estimated the fair value of each stock option grant on the date of the grant using a Black-Scholes option-pricing model and the weighted-average assumptions set forth in the following table:
		For the Three Months Ended
		March 30,			March 31,
		2014			2013
	Dividend yields	2	%		2.2	%
	Expected volatility	22.3	%		22.2	%
	Risk-free interest rates	2.1	%		1.4	%
	Expected lives in years	6.7			6.6
	As of March 30, 2014, the aggregate intrinsic value of options outstanding was $340.8 million and the aggregate intrinsic value of options exercisable was $248.2 million.
	As of March 30, 2014, there was $44.6 million of total unrecognized compensation cost related to non-vested stock option compensation arrangements granted under our stock option plans. That cost is expected to be recognized over a weighted-average period of 2.4 years.
	Performance Stock Units and Restricted Stock Units
	A summary of the status of our PSUs and RSUs as of March 30, 2014 and the change during 2014 is presented below:
	Performance Stock Units and Restricted Stock Units	For the Three Months Ended		Weighted-average grant date fair value for equity awards or market value for liability awards
		30-Mar-14
	Outstanding at beginning of year	1,411,399		$72.43
	Granted	292,896		$117.30
	Performance assumption change	52,386		$73.34
	Vested	(498,477	)	$62.63
	Forfeited	(10,186	)	$80.06
	Outstanding as of March 30, 2014	1,248,018		$92.35
	The table above excludes PSU awards for 29,596 units as of December 31, 2013 and 26,873 units as of March 30, 2014 for which the measurement date has not yet occurred for accounting purposes.
	The following table sets forth information about the fair value of the PSUs and RSUs granted during the quarter for potential future distribution to employees and directors. In addition, the table provides assumptions used to determine the fair value of the market-based total shareholder return component of the PSU grants using a Monte Carlo simulation model on the date of grant:
			For the Three Months Ended
			March 30,				March 31,
			2014				2013
	Units granted		292,896				337,797
	Weighted-average fair value at date of grant		$	117.3			$	87.7
	Monte Carlo simulation assumptions:
	Estimated values		$	80.95			$	55.49
	Dividend yields		1.8		%		2		%
	Expected volatility		15.5		%		17.1		%
	As of March 30, 2014, there was $64.7 million of unrecognized compensation cost relating to non-vested PSUs and RSUs. We expect to recognize that cost over a weighted-average period of 2.3 years.
		For the Three Months Ended
		March 30,				March 31,
		2014				2013
	Intrinsic value of share-based liabilities paid, combined with the fair value of shares vested (in millions of dollars)	$	52.8			$	53.6
	Deferred performance stock units, deferred restricted stock units and deferred stock units representing directors’ fees totaled 532,377 units as of March 30, 2014. Each unit is equivalent to one share of the Company’s Common Stock.

BUSINESS_REALIGNMENT

BUSINESS REALIGNMENT	3 Months Ended
	Mar. 30, 2014
Restructuring and Related Activities [Abstract]	'
BUSINESS REALIGNMENT AND IMPAIRMENT CHARGES	'
	BUSINESS REALIGNMENT
	In June 2010, we announced Project Next Century (the “Next Century program”) as part of our ongoing efforts to create an advantaged supply chain and competitive cost structure. As part of the Next Century program, production transitioned from the Company's century-old facility at 19 East Chocolate Avenue in Hershey, Pennsylvania, to an expanded West Hershey facility, which was built in 1992.
	We estimate that the Next Century program will result in total pre-tax charges and non-recurring project implementation costs of $190 million to $200 million. Project-to-date costs totaled $193.4 million through March 30, 2014.
	Business realignment charges recorded during the three months ended March 30, 2014 and March 31, 2013 were as follows:
		For the Three Months Ended
		March 30,		March 31,
		2014		2013
	In thousands of dollars
	Cost of sales – Next Century program	$	101	$	127
	Selling, marketing and administrative – Next Century program	—		6
	Business realignment charges, net
	Next Century program
	Plant closure expenses	2,925		6,851
	Total business realignment charges, net	2,925		6,851
	Total business realignment charges	$	3,026	$	6,984
	The majority of the charges incurred in both the first quarter of 2014 and 2013 related to ongoing costs under the Next Century program associated with the demolition of a former manufacturing facility.

EARNINGS_PER_SHARE

EARNINGS PER SHARE	3 Months Ended
	Mar. 30, 2014
Earnings Per Share [Abstract]	'
EARNINGS PER SHARE	'
	EARNINGS PER SHARE
	We compute Basic and Diluted Earnings Per Share based on the weighted-average number of shares of the Common Stock and the Class B Common Stock outstanding as follows:
		For the Three Months Ended
		March 30,			March 31,
		2014			2013
	In thousands except per share amounts
	Net income	$	252,495		$	241,906
	Weighted-average shares - Basic
	Common Stock	163,593			163,776
	Class B Common Stock	60,620			60,629
	Total weighted-average shares - Basic	224,213			224,405
	Effect of dilutive securities:
	Employee stock options	2,337			2,584
	Performance and restricted stock units	496			717
	Weighted-average shares - Diluted	227,046			227,706
	Earnings Per Share - Basic
	Class B Common Stock	$	1.04		$	1
	Common Stock	$	1.16		$	1.11
	Earnings Per Share - Diluted
	Class B Common Stock	$	1.03		$	0.99
	Common Stock	$	1.11		$	1.06
	The Class B Common Stock is convertible into Common Stock on a share for share basis at any time. The calculation of earnings per share-diluted for the Class B Common Stock was performed using the two-class method and the calculation of earnings per share-diluted for the Common Stock was performed using the if-converted method.
		For the Three Months Ended
		March 30,		March 31,
		2014		2013
	In millions
	Stock options excluded from diluted earnings per share calculations because the effect would have been antidilutive	1.4		1.8

FINANCIAL_INSTRUMENTS_AND_FAIR

FINANCIAL INSTRUMENTS AND FAIR VALUE	3 Months Ended
	Mar. 30, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	'
	FINANCIAL INSTRUMENTS AND FAIR VALUE
	We are exposed to market risks arising principally from changes in foreign currency exchange rates, interest rates and commodity prices. We use certain derivative instruments to manage these risks. These include interest rate swaps to manage interest rate risk, foreign currency forward exchange contracts and options to manage foreign currency exchange rate risk, and commodities futures and options contracts to manage commodity market price risk exposures.
	We also use derivatives that do not qualify for hedge accounting treatment. We account for such derivatives at market value with the resulting gains and losses reflected in the income statement. We do not hold or issue derivative instruments for trading or speculative purposes and are not a party to any instruments with leverage or prepayment features.
	In entering into these contracts, we have assumed the risk that might arise from the possible inability of counterparties to meet the terms of their contracts. We mitigate this risk by entering into exchanged-traded contracts with collateral posting requirements and/or by performing financial assessments prior to contract execution, conducting periodic evaluations of counterparty performance and maintaining a diverse portfolio of qualified counterparties. We do not expect any significant losses from counterparty defaults.
	Commodity Price Risk
	We enter into commodities futures and options contracts and other commodity derivative instruments to reduce the effect of future price fluctuations associated with the purchase of raw materials, energy requirements and transportation services. We generally hedge commodity price risks for 3 to 24 month periods. The majority of our commodity derivative instruments meet hedge accounting requirements and are designated as cash flow hedges. We account for the effective portion of mark-to-market gains and losses in other comprehensive income, to be recognized in cost of sales in the same period that we record the hedged raw material requirements in cost of sales. The ineffective portion of gains and losses is recorded currently in cost of sales.
	Foreign Exchange Price Risk
	We are exposed to foreign currency exchange rate risk related to our international operations, including non-functional currency intercompany debt and other non-functional currency transactions of certain subsidiaries. Principal currencies hedged include the euro, Canadian dollar, Malaysian ringgit, Swiss franc, Chinese renminbi, Japanese yen, and Brazilian real. We typically utilize foreign currency forward exchange contracts and options to hedge these exposures for periods ranging from 3 to 24 months. The contracts are either designated as cash flow hedges or undesignated. The notional amount of foreign exchange contracts accounted for as cash flow hedges was $146.6 million at March 30, 2014 and $158.4 million at December 31, 2013. The effective portion of the changes in fair value on these contracts is recorded in other comprehensive income and reclassified into earnings in the same period in which the hedged transactions affect earnings. The net notional amount of foreign exchange contracts that are not designated as accounting hedges was $387.4 million at March 30, 2014 and $2.8 million at December 31, 2013. The change in fair value on these instruments is recorded directly in cost of sales or selling, marketing and administrative expense, depending on the nature of the underlying exposure.
	Interest Rate Risk
	In order to manage interest rate exposure, from time to time we enter into interest rate swap agreements, which are designated as cash flow hedges, with gains and losses deferred in other comprehensive income to be recognized as an adjustment to interest expense in the same period that the hedged interest payments affect earnings. The notional amount of interest rate derivative instruments outstanding was $250.0 million at March 30, 2014 and December 31, 2013.
	Equity Price Risk
	We are exposed to market price changes in certain broad market indices related to our deferred compensation obligations to our employees. In the first quarter of 2014, we entered into equity swap contracts to hedge the portion of the exposure that is linked to market-level equity returns. These contracts are not designated as hedges for accounting purposes and are entered into for periods of 3 to 12 months. The change in fair value of these derivatives is recorded in selling, marketing and administrative expense, together with the change in the related liabilities. The notional amount of the contracts outstanding at March 30, 2014 was $23.4 million.
	Fair Value of Derivative Instruments
	The following table summarizes the fair value of the derivative instruments as recorded in the Consolidated Balance Sheets as of the dates below:
			Balance Sheet Caption		March 30, 2014				December 31, 2013
	In thousands of dollars
	Derivative Assets
	Derivatives designated as hedges:
	Commodities futures and options (1)		Prepaid expenses and other current assets		$	3,824			$	4,306
	Foreign exchange contracts (2)		Prepaid expenses and other current assets		2,919				2,227
	Foreign exchange contracts (2)		Other long-term assets		893				586
	Interest rate swap agreements (3)		Other long-term assets		14,097				22,745
	Total derivatives designated as hedges				$	21,733			$	29,864
	Derivatives not designated as hedges:
	Deferred compensation derivatives (4)		Prepaid expenses and other current assets		$	69			$	—
	Foreign exchange contracts (2)		Other long-term assets		324				166
	Total derivatives not designated as hedges				$	393			$	166
	Derivative Liabilities
	Derivatives designated as hedges:
	Commodities futures and options (1)		Accrued liabilities		$	—			$	129
	Total derivatives designated as hedges				$	—			$	129
	Derivatives not designated as hedges:
	Foreign exchange contracts (2)		Accrued liabilities		$	10,435			$	—
	Foreign exchange contracts (2)		Other long-term liabilities		357				198
	Total derivatives not designated as hedges				$	10,792			$	198
	-1	The fair value of commodities futures and options contracts is based on quoted market prices and is, therefore, categorized as Level 1 within the fair value hierarchy. As of March 30, 2014, prepaid expenses and other current assets reflects the net of assets of $34.4 million and accrued liabilities of $30.6 million associated with cash transfers receivable or payable on commodities futures contracts reflecting the change in quoted market prices on the last trading day for the period. The comparable amounts reflected net in accrued liabilities at December 31, 2013 were assets of $23.8 million and accrued liabilities of $23.9 million. At December 31, 2013, the amount reflected in prepaid expenses and other current assets related to the fair value of options contracts.
	-2	The fair value of foreign currency forward exchange contracts is the difference between the contract and current market foreign currency exchange rates at the end of the period. We estimate the fair value of foreign currency forward exchange contracts on a quarterly basis by obtaining market quotes of spot and forward rates for contracts with similar terms, adjusted where necessary for maturity differences. These contracts are classified as Level 2 within the fair value hierarchy.
	-3	The fair value of the interest rate swap agreements represents the difference in the present value of cash flows calculated at the contracted interest rates and at current market interest rates at the end of the period. We calculate the fair value of interest rate swap agreements quarterly based on the quoted market price for the same or similar financial instruments. Such contracts are categorized as Level 2 within the fair value hierarchy.
	-4	The fair value of the deferred compensation derivatives is based on quoted prices for market interest rates and a broad market equity index and is, therefore, categorized as Level 2 within the fair value hierarchy.
	Other Financial Instruments
	The carrying amounts of cash and cash equivalents, accounts receivable, accounts payable and short-term debt approximated fair value as of March 30, 2014 and December 31, 2013 because of the relatively short maturity of these instruments.
	The carrying value of long-term debt, including the current portion, was $1,794.5 million as of March 30, 2014, compared with a fair value of $1,967.8 million. The estimated fair value of long-term debt is based on quoted market prices for similar debt issues and is, therefore, classified as Level 2 within the valuation hierarchy.
	The effect of derivative instruments on the Consolidated Statements of Income for the three months ended March 30, 2014 and March 31, 2013 was as follows:
			Non-designated Hedges								Cash Flow Hedges
			Gains (losses) recognized in income								Gains (losses) recognized in other comprehensive income (“OCI”) (effective portion)						Gains (losses) reclassified from accumulated OCI into income (effective portion) (a)						Gains (losses) recognized in income (ineffective portion) (b)
	In thousands of dollars		2014				2013				2014			2013			2014			2013			2014			2013
	Commodities futures and options		$	2,339			$	—			$	39,955		$	(9,320	)	$	15,900		$	(5,800	)	$	(412	)	$	388
	Foreign exchange contracts (c)		(10,468		)		—				1,136			(1,507		)	143			869			—			—
	Interest rate swap agreements		—				—				(8,648		)	7,733			(1,127		)	(912		)	—			(428		)
	Deferred compensation derivatives		69				—				—			—			—			—			—			—
	Total		$	(8,060	)		$	—			$	32,443		$	(3,094	)	$	14,916		$	(5,843	)	$	(412	)	$	(40	)
	(a)	Gains (losses) reclassified from accumulated OCI into income were included in cost of sales for commodities futures and options contracts and for foreign exchange forward contracts and options designated as hedges of purchases of inventory or other productive assets. Other gains and losses for foreign exchange forward contracts were included in selling, marketing and administrative expenses. Gains (losses) reclassified from accumulated OCI into income for interest rate swap agreements were included in interest expense.
	(b)	Gains (losses) recognized in income were included in cost of sales for commodities futures and options contracts and in interest expense for interest rate swap agreements.
	(c)	For the quarter ended March 30, 2014, we realized losses from non-designated foreign currency forward exchange contracts used to cap the anticipated acquisition price of Shanghai Golden Monkey as denominated in U.S. dollars.
	All gains (losses) related to the ineffective portion of the hedging relationship were recognized in earnings. We recognized no components of gains and losses on cash flow hedging derivatives in income due to excluding such components from the hedge effectiveness assessment.
	The amount of net gains on cash flow hedging derivatives, including interest rate swap agreements, foreign currency forward exchange contracts, and commodities futures and options contracts, expected to be reclassified into income in the next twelve months was approximately $33.3 million after tax as of March 30, 2014. This amount was primarily associated with commodities futures and options contracts.

COMPREHENSIVE_INCOME

COMPREHENSIVE INCOME	3 Months Ended
	Mar. 30, 2014
Comprehensive Income Disclosure [Abstract]	'
COMPREHENSIVE INCOME	'
	COMPREHENSIVE INCOME
	A summary of the components of comprehensive income is as follows:
		For the Three Months Ended
		30-Mar-14
		Pre-Tax			Tax (Expense)			After-Tax
		Amount			Benefit			Amount
	In thousands of dollars
	Net income							$	252,495
	Other comprehensive income:
	Foreign currency translation adjustments	$	(468	)	$	—		(468		)
	Pension and post-retirement benefit plans (a)	5,710			(2,150		)	3,560
	Cash flow hedges:
	Gains on cash flow hedging derivatives	32,443			(12,004		)	20,439
	Reclassification adjustments (b)	(14,916		)	5,677			(9,239		)
	Total other comprehensive income	$	22,769		$	(8,477	)	14,292
	Comprehensive income							$	266,787
		For the Three Months Ended
		31-Mar-13
		Pre-Tax			Tax (Expense)			After-Tax
		Amount			Benefit			Amount
	In thousands of dollars
	Net income							$	241,906
	Other comprehensive income:
	Foreign currency translation adjustments	$	123		$	—		123
	Pension and post-retirement benefit plans (a)	10,803			(4,034		)	6,769
	Cash flow hedges:
	Losses on cash flow hedging derivatives	(3,094		)	1,321			(1,773		)
	Reclassification adjustments (b)	5,843			(2,226		)	3,617
	Total other comprehensive income	$	13,675		$	(4,939	)	8,736
	Comprehensive income							$	250,642
	(a)	These amounts are included in the computation of net periodic benefit costs. For more information, see Note 12. Pension and Other Post-Retirement Benefit Plans.
	(b)	For information on the presentation of reclassification adjustments for cash flow hedges on the Consolidated Statements of Income, see Note 7. Financial Instruments and Fair Value.
	The components of accumulated other comprehensive loss as shown on the Consolidated Balance Sheets are as follows:
		March 30,			December 31,
		2014			2013
	In thousands of dollars
	Foreign currency translation adjustments	$	(17,298	)	$	(16,830	)
	Pension and post-retirement benefit plans, net of tax	(196,074		)	(199,634		)
	Cash flow hedges, net of tax	61,097			49,897
	Total accumulated other comprehensive loss	$	(152,275	)	$	(166,567	)

INVENTORIES

INVENTORIES	3 Months Ended
	Mar. 30, 2014
Inventory Disclosure [Abstract]	'
INVENTORIES	'
	INVENTORIES
	We value the majority of our inventories under the last-in, first-out (“LIFO”) method and the remaining inventories at the lower of first-in, first-out (“FIFO”) cost or market. Inventories were as follows:
		March 30,			December 31,
		2014			2013
	In thousands of dollars
	Raw materials	$	225,319		$	226,978
	Goods in process	92,795			79,861
	Finished goods	525,106			517,968
	Inventories at FIFO	843,220			824,807
	Adjustment to LIFO	(164,465		)	(165,266		)
	Total inventories	$	678,755		$	659,541
	The increase in goods in process inventories as of March 30, 2014 was principally the result of higher levels of cocoa products needed to support manufacturing requirements. Finished goods inventories were higher as of March 30, 2014 primarily due to increases to support anticipated sales levels of everyday items.

DEBT_AND_FINANCING_ARRANGEMENT

DEBT AND FINANCING ARRANGEMENTS	3 Months Ended
	Mar. 30, 2014
Long-term Debt, Unclassified [Abstract]	'
Debt Disclosure [Text Block]	'
	DEBT AND FINANCING ARRANGEMENTS
	As a source of short-term financing, we utilize cash on hand and commercial paper or bank loans with an original maturity of three months or less. We maintain a $1.0 billion unsecured revolving credit facility, which expires in November 2018. The credit agreement contains certain financial and other covenants, customary representations, warranties and events of default. As of March 30, 2014, we were in compliance with all covenants pertaining to the credit agreement, and we had no significant compensating balance agreements that legally restricted these funds. For more information, refer to the consolidated financial statements and notes included in our 2013 Annual Report on Form 10-K.
	In May 2012, we filed a Registration Statement on Form S-3 with the U.S. Securities and Exchange Commission that registered an indeterminate amount of debt securities. In April 2013, we repaid $250.0 million of 5.0% Notes due in 2013. In May 2013, we issued $250.0 million of 2.625% Notes due in 2023 under this Registration Statement.
	Interest Expense
	Net interest expense consisted of the following:
		For the Three Months Ended
		March 30,			March 31,
		2014			2013
	In thousands of dollars
	Interest expense	$	23,314		$	24,658
	Interest income	(946		)	(708		)
	Capitalized interest	(1,083		)	(317		)
	Interest expense, net	$	21,285		$	23,633

INCOME_TAXES

INCOME TAXES	3 Months Ended
	Mar. 30, 2014
Income Tax Disclosure [Abstract]	'
INCOME TAXES	'
	INCOME TAXES
	The number of years with open tax audits varies depending on the tax jurisdiction. Our major taxing jurisdictions include the United States (federal and state), Canada and Mexico. U.S., Canadian and Mexican federal audit issues typically involve the timing of deductions and transfer pricing adjustments. During the first quarter of 2013, the U.S. Internal Revenue Service (“IRS”) commenced its audit of our U.S. income tax returns for 2009 through 2011, and we expect the audit to conclude in 2014. Tax examinations by various state taxing authorities could be conducted for years beginning in 2010.
	We are no longer subject to Canadian federal income tax examinations by the Canada Revenue Agency (“CRA”) for years before 2007. During the third quarter of 2013, the CRA notified us that it will be conducting an audit of our Canadian income tax returns for 2010 through 2012, and we expect the audit to commence in the second quarter of 2014. During the fourth quarter of 2013, the CRA concluded its audit for 2007 through 2009 and issued a letter to us indicating proposed adjustments primarily associated with business realignment charges and transfer pricing. As of March 30, 2014, we recorded accrued income taxes, interest and penalties of approximately $74.3 million related to the proposed adjustments. We provided notice to the U.S. Competent Authority and the CRA provided notice to the Canada Competent Authority of the likely need for their assistance to resolve the proposed adjustments. Accordingly, as of March 30, 2014, we recorded a non-current receivable of approximately $66.7 million associated with the anticipated resolution of the proposed adjustments by the Competent Authority of each country.
	We are no longer subject to Mexican federal income tax examinations by the Servicio de Administracion Tributaria (“SAT”) for years before 2008. We work with the IRS, the CRA, and the SAT to resolve proposed audit adjustments and to minimize the amount of adjustments. We do not anticipate that any potential tax adjustments will have a significant impact on our financial position or results of operations.
	We reasonably expect reductions in the liability for unrecognized tax benefits of approximately $75.3 million within the next 12 months because of the expiration of statutes of limitations and settlements of tax audits.

PENSION_AND_OTHER_POSTRETIREME

PENSION AND OTHER POST-RETIREMENT BENEFIT PLANS	3 Months Ended
	Mar. 30, 2014
Compensation and Retirement Disclosure [Abstract]	'
PENSION AND OTHER POST-RETIREMENT BENEFIT PLANS	'
	PENSION AND OTHER POST-RETIREMENT BENEFIT PLANS
	Components of net periodic benefit cost consisted of the following:
		Pension Benefits						Other Benefits
		For the Three Months Ended						For the Three Months Ended
		March 30,			March 31,			March 30,			March 31,
		2014			2013			2014			2013
	In thousands of dollars
	Service cost	$	6,885		$	7,968		$	177		$	289
	Interest cost	12,225			11,074			2,890			2,785
	Expected return on plan assets	(18,586		)	(18,384		)	—			—
	Amortization of prior service cost	(167		)	106			154			155
	Recognized net actuarial loss (gain)	5,738			10,158			(26		)	(5		)
	Administrative expenses	177			112			10			14
	Net periodic benefit cost	$	6,272		$	11,034		$	3,205		$	3,238
	We made contributions of $1.6 million and $5.1 million to the pension plans and other benefits plans, respectively, during the first quarter of 2014. In the first quarter of 2013, we made contributions of $0.4 million and $5.7 million to our pension plans and other benefits plans, respectively. The contributions in 2014 and 2013 also included benefit payments from our non-qualified pension plans and post-retirement benefit plans.

TREASURY_STOCK_ACTIVITY

TREASURY STOCK ACTIVITY	3 Months Ended
	Mar. 30, 2014
Stockholders' Equity Note [Abstract]	'
SHARE REPURCHASES	'
	TREASURY STOCK ACTIVITY
	A summary of our treasury stock activity is as follows:
		For the Three Months Ended March 30, 2014
		Shares		Dollars
				In thousands
	Shares repurchased in the open market under pre-approved	—		$	—
	share repurchase programs
	Shares repurchased to replace Treasury Stock issued for stock options	2,599,855		271,533
	and incentive compensation
	Total share repurchases	2,599,855		271,533
	Shares issued for stock options and incentive compensation	(2,013,593	)	(89,242		)
	Net change	586,262		$	182,291
	As of March 30, 2014, $125.1 million remained available for repurchases of our Common Stock under the $250 million share repurchase program approved by our Board of Directors in April 2011. In February 2014, our Board of Directors approved an additional $250 million share repurchase authorization to repurchase shares of our Common Stock. Purchases under the new authorization will commence after the current program is completed. Hershey is authorized to purchase its outstanding shares in open market and privately negotiated transactions. The program has no expiration date and acquired shares of the Common Stock will be held as treasury shares. Similar to prior programs, approved share repurchase authorizations are in addition to Hershey’s practice of buying back shares sufficient to offset those issued under incentive compensation plans.

CONTINGENCIES

CONTINGENCIES	3 Months Ended
	Mar. 30, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies Disclosure [Text Block]	'
	CONTINGENCIES
	In 2007, the Competition Bureau of Canada began an inquiry into alleged violations of the Canadian Competition Act in the sale and supply of chocolate products sold in Canada between 2002 and 2008 by members of the confectionery industry, including Hershey Canada, Inc. The U.S. Department of Justice also notified the Company in 2007 that it had opened an inquiry, but has not requested any information or documents.
	Subsequently, 13 civil lawsuits were filed in Canada and 91 civil lawsuits were filed in the United States against
	the Company. The lawsuits were instituted on behalf of direct purchasers of our products as well as indirect purchasers that purchase our products for use or for resale. Several other chocolate and confectionery companies were named as defendants in these lawsuits as they also were the subject of investigations and/or inquiries by the government entities referenced above. The cases sought recovery for losses suffered as a result of alleged conspiracies in restraint of trade in connection with the pricing practices of the defendants.
	The Canadian civil cases were settled in 2012. Hershey Canada, Inc. reached a settlement agreement with the Competition Bureau of Canada through their Leniency Program with regard to an inquiry into alleged violations of the Canadian Competition Act in the sale and supply of chocolate products sold in Canada by members of the confectionery industry. On June 21, 2013, Hershey Canada, Inc. pleaded guilty to one count of price fixing related to communications with competitors in Canada in 2007 and paid a fine of approximately $4.0 million. Hershey Canada, Inc. had promptly reported the conduct to the Competition Bureau, cooperated fully with its investigation and did not implement the planned price increase that was the subject of the 2007 communications.
	With regard to the U.S. lawsuits, the Judicial Panel on Multidistrict Litigation assigned the cases to the U.S. District Court for the Middle District of Pennsylvania (the “District Court”). Plaintiffs sought actual and treble damages against the Company and other defendants based on an alleged overcharge for certain, or in some cases all, chocolate products sold in the U.S. between December 2002 and December 2007, and certain plaintiff groups alleged damages that extended beyond the alleged conspiracy period. The lawsuits had been proceeding on different scheduling tracks for different groups of plaintiffs.
	On February 26, 2014, the District Court granted summary judgment to the Company in the cases brought by the direct purchaser plaintiffs that had not sought class certification as well as those that had been certified as a class. The direct purchaser plaintiffs must file any notice of appeal by May 19, 2014.
	The remaining plaintiff groups - the putative class plaintiffs that purchased product indirectly for resale, the putative class plaintiffs that purchased product indirectly for use, and direct purchaser Associated Wholesale Grocers, Inc. - dismissed their cases with prejudice, subject to reinstatement if the United States Court of Appeals for the Third Circuit were to reverse the District Court’s summary judgment decision. The District Court entered judgment closing the case on April 17, 2014.
	Competition and antitrust law investigations can be lengthy and violations are subject to civil and/or criminal fines and other sanctions. Class action civil antitrust lawsuits are expensive to defend and could result in significant judgments, including in some cases, payment of treble damages and/or attorneys' fees to the successful plaintiff. Additionally, negative publicity involving these proceedings could affect our Company's brands and reputation, possibly resulting in decreased demand for our products. These possible consequences, in our opinion, are currently not expected to materially impact our financial position or liquidity, but could materially impact our results of operations and cash flows in the period in which any fines, settlements or judgments are accrued or paid, respectively.
	We have no other material pending legal proceedings, other than ordinary routine litigation incidental to our
	business.

RECENT_ACCOUNTING_PRONOUNCEMEN

RECENT ACCOUNTING PRONOUNCEMENTS	3 Months Ended
	Mar. 30, 2014
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]	'
Recent Accounting Pronouncements	'
	RECENT ACCOUNTING PRONOUNCEMENTS
	In July 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2013-11–Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists (a consensus of the FASB Emerging Issues Task Force) (“ASU No. 2013-11”). ASU No. 2013-11 provides guidance on the financial statement presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists. ASU No. 2013-11 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. The adoption of ASU No. 2013-11 did not have a significant impact on our consolidated financial statements.

STOCK_COMPENSATION_PLAN_Tables

STOCK COMPENSATION PLAN (Tables)	3 Months Ended
	Mar. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Stock Compensation Costs	'
	The following table summarizes our stock compensation costs:
		For the Three Months Ended
	In millions of dollars	March 30,				March 31,
		2014				2013
	Total compensation amount charged against income for stock options, performance stock units (“PSUs”) and restricted stock units (“RSUs”)	$	13			$	12.5
	Total income tax benefit recognized in the Consolidated Statements of Income for share-based compensation	$	4.4			$	4.3
Schedule of Share-based Compensation, Stock Options, Activity	'
	A summary of the status of our stock options as of March 30, 2014 and the change during 2014 is presented below:
		For the Three Months Ended March 30, 2014
	Stock Options	Shares		Weighted-Average	Weighted-Average Remaining
				Exercise Price	Contractual Term
	Outstanding at beginning of the period	8,660,336		$55.47	6.3 years
	Granted	1,358,370		$105.96
	Exercised	(1,612,484	)	$48.99
	Forfeited	(34,430	)	$67.66
	Outstanding as of March 30, 2014	8,371,792		$64.85	6.8 years
	Options exercisable as of March 30, 2014	4,458,119		$49.81	5.2 years
Fair Value and Intrinsic Value of Options	'
		For the Three Months Ended
		March 30,		March 31,
		2014		2013
	Weighted-average fair value of options granted (per share)	$21.52		$14.40
	Intrinsic value of options exercised (in millions of dollars)	$88.80		$69.10
Fair Value of Each Stock Option Grant	'
	We estimated the fair value of each stock option grant on the date of the grant using a Black-Scholes option-pricing model and the weighted-average assumptions set forth in the following table:
		For the Three Months Ended
		March 30,			March 31,
		2014			2013
	Dividend yields	2	%		2.2	%
	Expected volatility	22.3	%		22.2	%
	Risk-free interest rates	2.1	%		1.4	%
	Expected lives in years	6.7			6.6
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity	'
	A summary of the status of our PSUs and RSUs as of March 30, 2014 and the change during 2014 is presented below:
	Performance Stock Units and Restricted Stock Units	For the Three Months Ended		Weighted-average grant date fair value for equity awards or market value for liability awards
		30-Mar-14
	Outstanding at beginning of year	1,411,399		$72.43
	Granted	292,896		$117.30
	Performance assumption change	52,386		$73.34
	Vested	(498,477	)	$62.63
	Forfeited	(10,186	)	$80.06
	Outstanding as of March 30, 2014	1,248,018		$92.35
Schedule Of Share Based Payment Award Market Based Total Shareholder Return Valuation Assumptions	'
	The following table sets forth information about the fair value of the PSUs and RSUs granted during the quarter for potential future distribution to employees and directors. In addition, the table provides assumptions used to determine the fair value of the market-based total shareholder return component of the PSU grants using a Monte Carlo simulation model on the date of grant:
			For the Three Months Ended
			March 30,				March 31,
			2014				2013
	Units granted		292,896				337,797
	Weighted-average fair value at date of grant		$	117.3			$	87.7
	Monte Carlo simulation assumptions:
	Estimated values		$	80.95			$	55.49
	Dividend yields		1.8		%		2		%
	Expected volatility		15.5		%		17.1		%
Share Based Compensation Arrangement By Share Based Payment Award Intrinsic Value Of Share Based Liabilities Paid Combined With Fair Value Of Shares Vested	'
		For the Three Months Ended
		March 30,				March 31,
		2014				2013
	Intrinsic value of share-based liabilities paid, combined with the fair value of shares vested (in millions of dollars)	$	52.8			$	53.6

BUSINESS_REALIGNMENT_Tables

BUSINESS REALIGNMENT (Tables)	3 Months Ended
	Mar. 30, 2014
Restructuring and Related Activities [Abstract]	'
Business Realignment And Impairment Charges	'
	Business realignment charges recorded during the three months ended March 30, 2014 and March 31, 2013 were as follows:
		For the Three Months Ended
		March 30,		March 31,
		2014		2013
	In thousands of dollars
	Cost of sales – Next Century program	$	101	$	127
	Selling, marketing and administrative – Next Century program	—		6
	Business realignment charges, net
	Next Century program
	Plant closure expenses	2,925		6,851
	Total business realignment charges, net	2,925		6,851
	Total business realignment charges	$	3,026	$	6,984

EARNINGS_PER_SHARE_Tables

EARNINGS PER SHARE (Tables)	3 Months Ended
	Mar. 30, 2014
Earnings Per Share [Abstract]	'
Schedule of Earnings Per Share, Basic and Diluted	'
	We compute Basic and Diluted Earnings Per Share based on the weighted-average number of shares of the Common Stock and the Class B Common Stock outstanding as follows:
		For the Three Months Ended
		March 30,			March 31,
		2014			2013
	In thousands except per share amounts
	Net income	$	252,495		$	241,906
	Weighted-average shares - Basic
	Common Stock	163,593			163,776
	Class B Common Stock	60,620			60,629
	Total weighted-average shares - Basic	224,213			224,405
	Effect of dilutive securities:
	Employee stock options	2,337			2,584
	Performance and restricted stock units	496			717
	Weighted-average shares - Diluted	227,046			227,706
	Earnings Per Share - Basic
	Class B Common Stock	$	1.04		$	1
	Common Stock	$	1.16		$	1.11
	Earnings Per Share - Diluted
	Class B Common Stock	$	1.03		$	0.99
	Common Stock	$	1.11		$	1.06
Antidilutive stock options	'
		For the Three Months Ended
		March 30,		March 31,
		2014		2013
	In millions
	Stock options excluded from diluted earnings per share calculations because the effect would have been antidilutive	1.4		1.8

FINANCIAL_INSTRUMENTS_AND_FAIR1

FINANCIAL INSTRUMENTS AND FAIR VALUE (Tables)	3 Months Ended
	Mar. 30, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'
The fair value of derivative instruments	'
	The following table summarizes the fair value of the derivative instruments as recorded in the Consolidated Balance Sheets as of the dates below:
			Balance Sheet Caption		March 30, 2014				December 31, 2013
	In thousands of dollars
	Derivative Assets
	Derivatives designated as hedges:
	Commodities futures and options (1)		Prepaid expenses and other current assets		$	3,824			$	4,306
	Foreign exchange contracts (2)		Prepaid expenses and other current assets		2,919				2,227
	Foreign exchange contracts (2)		Other long-term assets		893				586
	Interest rate swap agreements (3)		Other long-term assets		14,097				22,745
	Total derivatives designated as hedges				$	21,733			$	29,864
	Derivatives not designated as hedges:
	Deferred compensation derivatives (4)		Prepaid expenses and other current assets		$	69			$	—
	Foreign exchange contracts (2)		Other long-term assets		324				166
	Total derivatives not designated as hedges				$	393			$	166
	Derivative Liabilities
	Derivatives designated as hedges:
	Commodities futures and options (1)		Accrued liabilities		$	—			$	129
	Total derivatives designated as hedges				$	—			$	129
	Derivatives not designated as hedges:
	Foreign exchange contracts (2)		Accrued liabilities		$	10,435			$	—
	Foreign exchange contracts (2)		Other long-term liabilities		357				198
	Total derivatives not designated as hedges				$	10,792			$	198
	-1	The fair value of commodities futures and options contracts is based on quoted market prices and is, therefore, categorized as Level 1 within the fair value hierarchy. As of March 30, 2014, prepaid expenses and other current assets reflects the net of assets of $34.4 million and accrued liabilities of $30.6 million associated with cash transfers receivable or payable on commodities futures contracts reflecting the change in quoted market prices on the last trading day for the period. The comparable amounts reflected net in accrued liabilities at December 31, 2013 were assets of $23.8 million and accrued liabilities of $23.9 million. At December 31, 2013, the amount reflected in prepaid expenses and other current assets related to the fair value of options contracts.
	-2	The fair value of foreign currency forward exchange contracts is the difference between the contract and current market foreign currency exchange rates at the end of the period. We estimate the fair value of foreign currency forward exchange contracts on a quarterly basis by obtaining market quotes of spot and forward rates for contracts with similar terms, adjusted where necessary for maturity differences. These contracts are classified as Level 2 within the fair value hierarchy.
	-3	The fair value of the interest rate swap agreements represents the difference in the present value of cash flows calculated at the contracted interest rates and at current market interest rates at the end of the period. We calculate the fair value of interest rate swap agreements quarterly based on the quoted market price for the same or similar financial instruments. Such contracts are categorized as Level 2 within the fair value hierarchy.
	-4	The fair value of the deferred compensation derivatives is based on quoted prices for market interest rates and a broad market equity index and is, therefore, categorized as Level 2 within the fair value hierarchy.
Gain (Loss) in Consolidates Statements of Income	'
	The effect of derivative instruments on the Consolidated Statements of Income for the three months ended March 30, 2014 and March 31, 2013 was as follows:
			Non-designated Hedges								Cash Flow Hedges
			Gains (losses) recognized in income								Gains (losses) recognized in other comprehensive income (“OCI”) (effective portion)						Gains (losses) reclassified from accumulated OCI into income (effective portion) (a)						Gains (losses) recognized in income (ineffective portion) (b)
	In thousands of dollars		2014				2013				2014			2013			2014			2013			2014			2013
	Commodities futures and options		$	2,339			$	—			$	39,955		$	(9,320	)	$	15,900		$	(5,800	)	$	(412	)	$	388
	Foreign exchange contracts (c)		(10,468		)		—				1,136			(1,507		)	143			869			—			—
	Interest rate swap agreements		—				—				(8,648		)	7,733			(1,127		)	(912		)	—			(428		)
	Deferred compensation derivatives		69				—				—			—			—			—			—			—
	Total		$	(8,060	)		$	—			$	32,443		$	(3,094	)	$	14,916		$	(5,843	)	$	(412	)	$	(40	)
	(a)	Gains (losses) reclassified from accumulated OCI into income were included in cost of sales for commodities futures and options contracts and for foreign exchange forward contracts and options designated as hedges of purchases of inventory or other productive assets. Other gains and losses for foreign exchange forward contracts were included in selling, marketing and administrative expenses. Gains (losses) reclassified from accumulated OCI into income for interest rate swap agreements were included in interest expense.
	(b)	Gains (losses) recognized in income were included in cost of sales for commodities futures and options contracts and in interest expense for interest rate swap agreements.
	(c)	For the quarter ended March 30, 2014, we realized losses from non-designated foreign currency forward exchange contracts used to cap the anticipated acquisition price of Shanghai Golden Monkey as denominated in U.S. dollars.
	All gains (losses) related to the ineffective portion of the hedging relationship were recognized in earnings. We recognized no components of gains and losses on cash flow hedging derivatives in income due to excluding such components from the hedge effectiveness assessment.

COMPREHENSIVE_INCOME_Tables

COMPREHENSIVE INCOME (Tables)	3 Months Ended
	Mar. 30, 2014
Comprehensive Income Disclosure [Abstract]	'
Schedule of Comprehensive Income (Loss)	'
		For the Three Months Ended
		30-Mar-14
		Pre-Tax			Tax (Expense)			After-Tax
		Amount			Benefit			Amount
	In thousands of dollars
	Net income							$	252,495
	Other comprehensive income:
	Foreign currency translation adjustments	$	(468	)	$	—		(468		)
	Pension and post-retirement benefit plans (a)	5,710			(2,150		)	3,560
	Cash flow hedges:
	Gains on cash flow hedging derivatives	32,443			(12,004		)	20,439
	Reclassification adjustments (b)	(14,916		)	5,677			(9,239		)
	Total other comprehensive income	$	22,769		$	(8,477	)	14,292
	Comprehensive income							$	266,787
		For the Three Months Ended
		31-Mar-13
		Pre-Tax			Tax (Expense)			After-Tax
		Amount			Benefit			Amount
	In thousands of dollars
	Net income							$	241,906
	Other comprehensive income:
	Foreign currency translation adjustments	$	123		$	—		123
	Pension and post-retirement benefit plans (a)	10,803			(4,034		)	6,769
	Cash flow hedges:
	Losses on cash flow hedging derivatives	(3,094		)	1,321			(1,773		)
	Reclassification adjustments (b)	5,843			(2,226		)	3,617
	Total other comprehensive income	$	13,675		$	(4,939	)	8,736
	Comprehensive income							$	250,642
	(a)	These amounts are included in the computation of net periodic benefit costs. For more information, see Note 12. Pension and Other Post-Retirement Benefit Plans.
	(b)	For information on the presentation of reclassification adjustments for cash flow hedges on the Consolidated Statements of Income, see Note 7. Financial Instruments and Fair Value.
Schedule of Accumulated Other Comprehensive Income (Loss)	'
	The components of accumulated other comprehensive loss as shown on the Consolidated Balance Sheets are as follows:
		March 30,			December 31,
		2014			2013
	In thousands of dollars
	Foreign currency translation adjustments	$	(17,298	)	$	(16,830	)
	Pension and post-retirement benefit plans, net of tax	(196,074		)	(199,634		)
	Cash flow hedges, net of tax	61,097			49,897
	Total accumulated other comprehensive loss	$	(152,275	)	$	(166,567	)

INVENTORIES_Tables

INVENTORIES (Tables)	3 Months Ended
	Mar. 30, 2014
Inventory Disclosure [Abstract]	'
Schedule Of Inventory	'
	Inventories were as follows:
		March 30,			December 31,
		2014			2013
	In thousands of dollars
	Raw materials	$	225,319		$	226,978
	Goods in process	92,795			79,861
	Finished goods	525,106			517,968
	Inventories at FIFO	843,220			824,807
	Adjustment to LIFO	(164,465		)	(165,266		)
	Total inventories	$	678,755		$	659,541

DEBT_AND_FINANCING_ARRANGEMENT1

DEBT AND FINANCING ARRANGEMENTS DEBT AND FINANCING ARRANGEMENTS (Tables)	3 Months Ended
	Mar. 30, 2014
Debt Disclosure [Abstract]	'
Schedule Of Net Interest Expense [Table Text Block]	'
	Net interest expense consisted of the following:
		For the Three Months Ended
		March 30,			March 31,
		2014			2013
	In thousands of dollars
	Interest expense	$	23,314		$	24,658
	Interest income	(946		)	(708		)
	Capitalized interest	(1,083		)	(317		)
	Interest expense, net	$	21,285		$	23,633

PENSION_AND_OTHER_POSTRETIREME1

PENSION AND OTHER POST-RETIREMENT BENEFIT PLANS (Tables)	3 Months Ended
	Mar. 30, 2014
Compensation and Retirement Disclosure [Abstract]	'
Schedule of Defined Benefit Plans Disclosures	'
	Components of net periodic benefit cost consisted of the following:
		Pension Benefits						Other Benefits
		For the Three Months Ended						For the Three Months Ended
		March 30,			March 31,			March 30,			March 31,
		2014			2013			2014			2013
	In thousands of dollars
	Service cost	$	6,885		$	7,968		$	177		$	289
	Interest cost	12,225			11,074			2,890			2,785
	Expected return on plan assets	(18,586		)	(18,384		)	—			—
	Amortization of prior service cost	(167		)	106			154			155
	Recognized net actuarial loss (gain)	5,738			10,158			(26		)	(5		)
	Administrative expenses	177			112			10			14
	Net periodic benefit cost	$	6,272		$	11,034		$	3,205		$	3,238

TREASURY_STOCK_ACTIVITY_Tables

TREASURY STOCK ACTIVITY (Tables)	3 Months Ended
	Mar. 30, 2014
Stockholders' Equity Note [Abstract]	'
Cumulative Share Repurchases And Issuances	'
	A summary of our treasury stock activity is as follows:
		For the Three Months Ended March 30, 2014
		Shares		Dollars
				In thousands
	Shares repurchased in the open market under pre-approved	—		$	—
	share repurchase programs
	Shares repurchased to replace Treasury Stock issued for stock options	2,599,855		271,533
	and incentive compensation
	Total share repurchases	2,599,855		271,533
	Shares issued for stock options and incentive compensation	(2,013,593	)	(89,242		)
	Net change	586,262		$	182,291

BUSINESS_ACQUISITIONS_AND_DIVE1

BUSINESS ACQUISITIONS AND DIVESTITURES (Details) (USD $)	Mar. 30, 2014	Dec. 31, 2013	Mar. 30, 2014
			Lotte Shanghai Food Company [Member]
Business Acquisition [Line Items]	'	'	'
Business Acquisition, Cost of Acquired Entity, Cash Paid	'	'	$5,600,000
Equity Method Investments	'	'	43,300,000
Stockholders' Equity Attributable to Noncontrolling Interest	63,594,000	11,218,000	49,100,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	'	'	98,200,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	'	'	106,300,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Long-term Debt	'	'	13,300,000
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	'	'	5,200,000
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain	'	'	4,000,000
Equity Method Investment, Ownership Percentage	'	'	44.10%
Noncontrolling Interest, Ownership Percentage by Parent	50.00%	'	50.00%
Business Combination, Consideration Transferred	'	'	97,900,000
Additional Ownership Percentage Acquired	'	'	5.90%
Cash Acquired from Acquisition	'	'	$10,000,000

NONCONTROLLING_INTERESTS_IN_SU1

NONCONTROLLING INTERESTS IN SUBSIDIARIES (Details) (USD $)	3 Months Ended
	Mar. 30, 2014	Mar. 31, 2013	Dec. 31, 2013
Minority Interest [Line Items]	'	'	'
Noncontrolling Interest, Ownership Percentage by Parent	50.00%	'	'
Noncontrolling interests in subsidiaries	$63,594,000	'	$11,218,000
Contributions from noncontrolling interests	2,940,000	1,470,000	'
Noncontrolling interests' share of losses in subsidiaries	200,000	1,100,000	'
Hershey Do Brasil Subsidiary	'	'	'
Minority Interest [Line Items]	'	'	'
Noncontrolling Interest, Ownership Percentage by Parent	51.00%	'	'
Investments in and Advances to Affiliates, at Fair Value, Gross Additions	3,100,000	1,500,000	'
Contributions from noncontrolling interests	$2,900,000	$1,500,000	'

STOCK_COMPENSATION_PLAN_Detail

STOCK COMPENSATION PLAN (Details) (USD $)	3 Months Ended
	Mar. 30, 2014	Dec. 31, 2013	Mar. 31, 2013
Stock Compensation Costs:	'	'	'
Total compensation amount charged against income for stock options, performance stock units (PSUs) and restricted stock units	$13,000,000	'	$12,500,000
Total income tax benefit recognized in the Consolidated Statements of Income for share-based compensation	4,400,000	'	4,300,000
Stock Options:	'	'	'
Outstanding shares at beginning of year	8,660,336	'	'
Shares Granted	1,358,370	'	'
Shares Exercised	-1,612,484	'	'
Shares Forfeited	-34,430	'	'
Outstanding shares as of end of period	8,371,792	8,660,336	'
Options exercisable as of end of period	4,458,119	'	'
Weighted- Average Exercise Price for Outstanding at beginning of the period	$55.47	'	'
Options granted weighted average exercise price	$105.96	'	'
Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price	$48.99	'	'
Share-based Compensation Arrangements by Share-based Payment Award, Options, Forfeitures in Period, Weighted Average Exercise Price	$67.66	'	'
Options outstanding at end of year weighted average exercise price	$64.85	$55.47	'
Options exercisable as of end of period weighted average exercise price	$49.81	'	'
Options outstanding at beginning of year weighted average remaining contractual term	'6 years 9 months	'6 years 3 months	'
Options exercisable as of end of period weighted average remaining contractual term	'5 years 2 months	'	'
Options outstanding as of end of period weighted average remaining contractual term	'6 years 9 months	'6 years 3 months	'
Weighted-average fair value of options granted (per share)	$21.52	'	$14.40
Intrinsic value of options exercised (in millions of dollars)	88.8	'	69.1
Fair Value Of Stock Option Grant:	'	'	'
Dividend yields	2.00%	'	2.20%
Expected volatility	22.30%	'	22.20%
Risk-free interest rates	2.10%	'	1.40%
Expected lives in years	'6 years 8 months	'	'6 years 7 months
Aggregate intrinsic value of options outstanding	340,800,000	'	'
Aggregate intrinsic value of options exercisable	248,200,000	'	'
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options	44,600,000	'	'
Weighted Average Period In Years That Total Unrecognized Compensation Cost Is Expected To Be Recognized	'2 years 5 months	'	'
Status of Performance Stock units and Restricted Stock Units:	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	1,248,018	1,411,399	'
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	292,896	'	337,797
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Performance Assumption Change	52,386	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period	-498,477	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period	10,186	'	'
Performance stock units for which measurement date has not yet occurred for accounting purposes	26,873	29,596	'
Weighted-average grant date fair value for equity awards or market value for liability awards:	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value	$92.35	$72.43	'
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other Than Options, Grants in Period, Weighted Average Grant Date Fair Value	$117.30	'	$87.70
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Performance Assumption Change Weighted Average Grant Date Fair Value	$73.34	'	'
Options exercised weighted average exercise price	$62.63	'	'
Options forfeited weighted average exercise price	$80.06	'	'
PSU Fair Value Monte Carlo Simulation Estimated Value	80.95	'	55.49
PSU Fair Value Monte Carlo Simulation Dividend Yields	1.80%	'	2.00%
PSU Fair Value Monte Carlo Simulation Expected Volatility	15.50%	'	17.10%
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options	64,700,000	'	'
Weighted-average period (in years) that total unrecognized compensation cost related to non-vested stock units and restricted stock units is expected to be recognized	'2 years 4 months	'	'
Intrinsic value of share-based liabilities paid, combined with the fair value of shares vested (in millions of dollars)	$52,800,000	'	$53,600,000
Deferred performance stock units, deferred restricted stock units, and directors' fees and accumulated dividend amounts representing deferred stock units outstanding	532,377	'	'
Number of shares of common stock into which another unit of deferred performance stock and restricted stock is converted	'one	'	'

BUSINESS_REALIGNMENT_Details

BUSINESS REALIGNMENT (Details) (USD $)	3 Months Ended
	Mar. 30, 2014	Mar. 31, 2013
Restructuring Cost and Reserve [Line Items]	'	'
Business realignment and impairment charges, net	$2,925,000	$6,851,000
Next Century Program	'	'
Restructuring Cost and Reserve [Line Items]	'	'
Plant Closure Expenses	2,925,000	6,851,000
Business realignment and impairment charges, net	2,925,000	6,851,000
Total business realignment and impairment (credits) charges	3,026,000	6,984,000
Restructuring Costs Incurred to Date	193,400,000	'
Next Century Program | Minimum [Member]	'	'
Restructuring Cost and Reserve [Line Items]	'	'
Next Century Pretax Charges And Nonrecurring Project Implementation Costs Range Minimum	190,000,000	'
Next Century Program | Maximum [Member]	'	'
Restructuring Cost and Reserve [Line Items]	'	'
Next Century Pretax Charges And Nonrecurring Project Implementation Costs Range Maximum	200,000,000	'
Next Century Program | Cost of Sales [Member]	'	'
Restructuring Cost and Reserve [Line Items]	'	'
Restructuring Costs and Asset Impairment Charges	101,000	127,000
Next Century Program | Selling, General and Administrative Expenses [Member]	'	'
Restructuring Cost and Reserve [Line Items]	'	'
Restructuring Costs and Asset Impairment Charges	$0	$6,000

EARNINGS_PER_SHARE_Details

EARNINGS PER SHARE (Details) (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 30, 2014	Mar. 31, 2013
Schedule of Earnings Per Share Basic And Diluted By Common Class [Line Items]	'	'
Net Income	$252,495	$241,906
Weighted -average shares - Basic	224,213,000	224,405,000
Weighted-average shares - Diluted	227,046	227,706
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	1,400,000	1,800,000
Common Stock	'	'
Schedule of Earnings Per Share Basic And Diluted By Common Class [Line Items]	'	'
Weighted -average shares - Basic	163,593,000	163,776,000
Earnings Per Share - Basic	$1.16	$1.11
Earnings Per Share - Diluted	$1.11	$1.06
Common Class B	'	'
Schedule of Earnings Per Share Basic And Diluted By Common Class [Line Items]	'	'
Weighted -average shares - Basic	60,620,000	60,629,000
Earnings Per Share - Basic	$1.04	$1
Earnings Per Share - Diluted	$1.03	$0.99
Employee stock options	'	'
Schedule of Earnings Per Share Basic And Diluted By Common Class [Line Items]	'	'
Dilutive Securities, Effect on Basic Earnings Per Share, Options and Restrictive Stock Units	2,337	2,584
Performance and restricted stock units	'	'
Schedule of Earnings Per Share Basic And Diluted By Common Class [Line Items]	'	'
Dilutive Securities, Effect on Basic Earnings Per Share, Options and Restrictive Stock Units	$496	$717

FINANCIAL_INSTRUMENTS_AND_FAIR2

FINANCIAL INSTRUMENTS AND FAIR VALUE (Details) (USD $)	3 Months Ended
	Mar. 30, 2014	Mar. 31, 2013	Dec. 31, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'	'	'
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months	$33,300,000	'	'
Derivatives, Fair Value [Line Items]	'	'	'
Derivative Asset Current Commodity Last Day Activity	34,400,000	'	23,800,000
Derivative Liability Current Commodity Last Day Activity	30,600,000	'	23,900,000
Investment Foreign Currency, Contract, Amount Purchased	146,600,000	'	158,400,000
Investment Foreign Currency, Contract, Foreign Currency Amount	387,400,000	'	2,800,000
Long-term Debt	1,794,500,000	'	'
Long-term Debt, Fair Value	1,967,800,000	'	'
Balance Sheet Caption	'	'	'
Cash Flow Hedge Derivative Instrument Assets at Fair Value	21,733,000	'	29,864,000
Derivative Instruments Not Designated as Hedging Instruments, Asset, at Fair Value	393,000	'	166,000
Cash Flow Hedge Derivative Instrument Liabilities at Fair Value	0	'	129,000
Derivative Instruments Not Designated as Hedging Instruments, Liability, at Fair Value	10,792,000	'	198,000
Schedule Of Derivative Instruments Gain Loss In Statement Of Financial Performance [Abstract]	'	'	'
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	-8,060,000	0	'
Gains (losses) recognized in other comprehensive income (OCI)(effective portion)	32,443,000	-3,094,000	'
Gains (losses) reclassified from accumulated OCI into income (effective portion)	14,916,000	-5,843,000	'
Gains (losses) recognized in income (ineffective portion)	-412,000	-40,000	'
Interest Rate Swap Agreements	'	'	'
Derivatives, Fair Value [Line Items]	'	'	'
Derivative, Notional Amount	250,000,000	'	'
Schedule Of Derivative Instruments Gain Loss In Statement Of Financial Performance [Abstract]	'	'	'
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	0	0	'
Gains (losses) recognized in other comprehensive income (OCI)(effective portion)	-8,648,000	7,733,000	'
Gains (losses) reclassified from accumulated OCI into income (effective portion)	-1,127,000	-912,000	'
Gains (losses) recognized in income (ineffective portion)	0	-428,000	'
Equity Swap [Member]	'	'	'
Derivatives, Fair Value [Line Items]	'	'	'
Notional Amount of Nonderivative Instruments	23,400,000	'	'
Schedule Of Derivative Instruments Gain Loss In Statement Of Financial Performance [Abstract]	'	'	'
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	69,000	0	'
Gains (losses) recognized in other comprehensive income (OCI)(effective portion)	0	0	'
Gains (losses) reclassified from accumulated OCI into income (effective portion)	0	0	'
Gains (losses) recognized in income (ineffective portion)	0	0	'
Foreign Exchange Forward Contracts and Options	'	'	'
Schedule Of Derivative Instruments Gain Loss In Statement Of Financial Performance [Abstract]	'	'	'
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	-10,468,000	0	'
Gains (losses) recognized in other comprehensive income (OCI)(effective portion)	1,136,000	-1,507,000	'
Gains (losses) reclassified from accumulated OCI into income (effective portion)	143,000	869,000	'
Gains (losses) recognized in income (ineffective portion)	0	0	'
Commodities Futures and Options Contracts	'	'	'
Schedule Of Derivative Instruments Gain Loss In Statement Of Financial Performance [Abstract]	'	'	'
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	2,339,000	0	'
Gains (losses) recognized in other comprehensive income (OCI)(effective portion)	39,955,000	-9,320,000	'
Gains (losses) reclassified from accumulated OCI into income (effective portion)	15,900,000	-5,800,000	'
Gains (losses) recognized in income (ineffective portion)	-412,000	388,000	'
Fair Value, Inputs, Level 1 [Member] | Commodities Futures and Options Contracts	'	'	'
Balance Sheet Caption	'	'	'
Derivative assets current	3,824,000	'	4,306,000
Derivative liabilities current	0	'	129,000
Fair Value, Inputs, Level 2 [Member] | Interest Rate Swap Agreements	'	'	'
Balance Sheet Caption	'	'	'
Derivative Assets, Noncurrent	14,097,000	'	22,745,000
Fair Value, Inputs, Level 2 [Member] | Equity Swap [Member]	'	'	'
Balance Sheet Caption	'	'	'
Derivative Instruments Not Designated as Hedging Instruments, Asset, at Fair Value	69,000	'	0
Fair Value, Inputs, Level 2 [Member] | Foreign Exchange Forward Contracts and Options	'	'	'
Balance Sheet Caption	'	'	'
Derivative assets current	2,919,000	'	2,227,000
Derivative Assets, Noncurrent	893,000	'	586,000
Derivative Instruments Not Designated as Hedging Instruments, Asset, at Fair Value	324,000	'	166,000
Derivative Instruments Not Designated as Hedging Instruments, Current Liabilities, at Fair Value	10,435,000	'	0
Derivative Instruments Not Designated as Hedging Instruments, Long-Term Liability, at Fair Value	$357,000	'	$198,000

COMPREHENSIVE_INCOME_Details

COMPREHENSIVE INCOME (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 30, 2014	Mar. 31, 2013	Dec. 31, 2013
Other comprehensive income (loss) Pre-Tax Amount:	'	'	'
Foreign currency translation adjustments	($468)	$123	'
Pension and post-retirement benefit plans	5,710	10,803	'
Gains (Losses) on cash flow hedging derivatives, before Tax	32,443	-3,094	'
Reclassification adjustments, before Tax	-14,916	5,843	'
Total other comprehensive income	22,769	13,675	'
Other comprehensive income (loss) Tax (Expense) Benefit:	'	'	'
Foreign currency translation adjustments	0	0	'
Pension and post-retirement benefit plans	-2,150	-4,034	'
Gains (Losses) on cash flow hedging derivatives, Tax	-12,004	1,321	'
Reclassification adjustments, Tax	5,677	-2,226	'
Total other comprehensive income	-8,477	-4,939	'
Comprehensive income (loss) After-Tax Amount:	'	'	'
Net Income	252,495	241,906	'
Other Comprehensive Income (Loss) After-Tax Amount:	'	'	'
Foreign currency translation adjustments	-468	123	'
Pension and postretirement benefit plans	3,560	6,769	'
Gains (Losses) on cash flow hedging derivatives, Net of Tax	20,439	-1,773	'
Reclassification adjustments, Net of Tax	-9,239	3,617	'
Total other comprehensive income, net of tax	14,292	8,736	'
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	266,787	250,642	'
Components of Accumulated Other Comprehensive Income (Loss) Abstract	'	'	'
Foreign currency translation adjustments	-17,298	'	-16,830
Pension and post-retirement benefit plans, net of tax	-196,074	'	-199,634
Cash flow hedges, net of tax	61,097	'	49,897
Total accumulated other comprehensive loss	($152,275)	'	($166,567)

INVENTORIES_Details

INVENTORIES (Details) (USD $)	Mar. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Inventories Table	'	'
Raw materials	$225,319	$226,978
Goods in process	92,795	79,861
Finished goods	525,106	517,968
Inventories at FIFO	843,220	824,807
Adjustment to LIFO	-164,465	-165,266
Total inventories	$678,755	$659,541

DEBT_AND_FINANCING_ARRANGEMENT2

DEBT AND FINANCING ARRANGEMENTS (Details) (USD $)	3 Months Ended
	Mar. 30, 2014	Mar. 31, 2013	Jun. 30, 2013	Jun. 30, 2013
			Notes Due 2013 [Member]	Notes Due 2023 [Member]
Long-term Debt, Unclassified [Abstract]	'	'	'	'
Interest expense	$23,314,000	$24,658,000	'	'
Investment income	-946,000	-708,000	'	'
Capitalized interest	-1,083,000	-317,000	'	'
Interest expense, net	21,285,000	23,633,000	'	'
Long-term debt [Line Items]	'	'	'	'
Line of Credit Facility, Maximum Borrowing Capacity	1,000,000,000	'	'	'
Repayments of Long-term Debt	'	'	250,000,000	'
Debt Instrument, Interest Rate, Stated Percentage	'	'	5.00%	2.63%
Long-term borrowings	$78,000	$1,543,000	'	$250,000,000

INCOME_TAXES_Details

INCOME TAXES (Details) (USD $)	Mar. 30, 2014
In Millions, unless otherwise specified
Income Tax Disclosure [Abstract]	'
Accrued Income Taxes	$74.30
Income Taxes Receivable, Noncurrent	66.7
Reduction in liability for unrecognized tax benefits	$75.30

PENSION_AND_OTHER_POSTRETIREME2

PENSION AND OTHER POST-RETIREMENT BENEFIT PLANS (Details) (USD $)	3 Months Ended
	Mar. 30, 2014	Mar. 31, 2013
Pension Benefits	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'
Service cost	$6,885,000	$7,968,000
Interest cost	12,225,000	11,074,000
Expected return on plan assets	-18,586,000	-18,384,000
Amortization of prior service cost	-167,000	106,000
Recognized net actuarial loss (gain)	5,738,000	10,158,000
Administrative expenses	177,000	112,000
Net periodic benefit cost (income)	6,272,000	11,034,000
Pension Contributions	1,600,000	400,000
Other Benefits	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'
Service cost	177,000	289,000
Interest cost	2,890,000	2,785,000
Expected return on plan assets	0	0
Amortization of prior service cost	154,000	155,000
Recognized net actuarial loss (gain)	-26,000	-5,000
Administrative expenses	10,000	14,000
Net periodic benefit cost (income)	3,205,000	3,238,000
Pension Contributions	$5,100,000	$5,700,000

TREASURY_STOCK_ACTIVITY_Detail

TREASURY STOCK ACTIVITY (Details) (USD $)	1 Months Ended	3 Months Ended
	Apr. 30, 2011	Mar. 30, 2014
Cumulative Share Repurchases and Issuances Abstract	'	'
Shares repurchased in the open market under pre-approved share repurchase programs	'	0
Shares repurchased to replace Treasury Stock issued for stock options and incentive compensation	'	2,599,855
Total share repurchases	'	2,599,855
Shares issued for stock options and incentive compensation	'	-2,013,593
Net Change	'	586,262
Treasury Stock Value Acquired For Share Repurchase Program Cost Method	'	$0
Treasury Stock Value Acquired To Replace Treasury Stock Issued For Stock Options And Incentive Compensation Cost Method	'	271,533,000
Total Share Repurchases	'	271,533,000
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures	'	-89,242,000
Treasury Stock Change In Value	'	182,291,000
2011 Share Repurchase Program [Member]	'	'
Accelerated Share Repurchases [Line Items]	'	'
Available for repurchase under approved share repurchase program	'	125,100,000
Approved share repurchase program	250,000,000	'
2014 Share Repurchase Program [Member]	'	'
Accelerated Share Repurchases [Line Items]	'	'
Approved share repurchase program	'	$250,000,000

CONTINGENCIES_CONTINGENCIES_De

CONTINGENCIES CONTINGENCIES (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2013	Mar. 30, 2014
Canada [Member]	'	'
Loss Contingencies [Line Items]	'	'
Loss Contingency, Pending Claims, Number	'	13
Litigation Settlement, Amount	$4	'
US [Member]	'	'
Loss Contingencies [Line Items]	'	'
Loss Contingency, Pending Claims, Number	'	91