| Period End | Type | Status | Affected | % Workforce | Announced | Expected Completion | Geography | Segment / Function | Charge | Source | Note |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-06-28 | restructuring | in_progress | 2024-02-02 | 2026-12-31 | Primarily United States | North America Confectionery and Corporate | USD 6,113 (thousands) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Advancing Agility & Automation Initiative; severance charges of $6,113 thousand in the six months ended June 28, 2026 (total business realignment costs of $21,718 thousand including other program costs). Cumulative program costs of $198,655 thousand since inception; estimated total pre-tax costs of $200,000–$250,000 with approximately $400,000 of ongoing annual savings expected at conclusion in 2026. Number of employees affected is not disclosed. | ||
| 2026-06-28 | restructuring | in_progress | 2024-02-02 | 2026-12-31 | Global | North America Confectionery, Corporate | USD 6 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Advancing Agility & Automation Initiative. Q2 2026 severance charge of $0.1M; YTD 2026 severance charge of $6.1M. Total program cost estimated at $200M-$250M through 2026. Employee count affected not disclosed. | ||
| 2026-06-28 | restructuring | in_progress | Selling, General and Administrative Expenses [Member] | USD 8,247,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2026-06-28 | restructuring | in_progress | Restructuring Charges [Member] | USD 115,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2026-06-28 | restructuring | in_progress | USD 8,362,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2026-06-28 | restructuring | in_progress | Employee Severance [Member] / Advancing Agility & Automation Initiative [Member] | USD 115,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2026-06-28 | restructuring | in_progress | Other Restructuring [Member] / Advancing Agility & Automation Initiative [Member] | USD 8,247,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2026-06-28 | restructuring | in_progress | Employee Severance [Member] | USD 6,113,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2026-06-28 | restructuring | in_progress | Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment [Member] | USD 8,362,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2026-03-29 | restructuring | in_progress | 2024-02-02 | 2026-12-31 | Primarily United States | North America Confectionery and Corporate | USD 6 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | AAA Initiative; Q1 2026 severance charge $6.0M (plus $7.4M other program costs in SM&A). Cumulative costs since inception $190.3M; total program cost estimated $200M–$250M with ~$400M annual savings expected. No employee counts disclosed. | ||
| 2026-03-29 | acquisition_addition | completed | 2025-11-18 | 2025-11-18 | United States and Canada | North America Salty Snacks | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of LesserEvil completed 2025-11-18; headcount added not disclosed in this filing. | |||
| 2026-03-29 | restructuring | in_progress | 2024-02-02 | 2026-12-31 | Global | North America Confectionery, Corporate | USD 5,998 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Advancing Agility & Automation Initiative. Q1 2026 severance charge of $5.998M. Total program cost estimated at $200M-$250M through 2026. Employee count affected not disclosed. | ||
| 2026-03-29 | restructuring | in_progress | Selling, General and Administrative Expenses [Member] | USD 7,360,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2026-03-29 | restructuring | in_progress | Restructuring Charges [Member] | USD 5,998,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2026-03-29 | restructuring | in_progress | USD 13,358,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2026-03-29 | restructuring | in_progress | Employee Severance [Member] / Advancing Agility & Automation Initiative [Member] | USD 5,998,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2026-03-29 | restructuring | in_progress | Other Restructuring [Member] / Advancing Agility & Automation Initiative [Member] | USD 7,360,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2026-03-29 | restructuring | in_progress | Employee Severance [Member] | USD 5,998,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2026-03-29 | restructuring | in_progress | Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment [Member] | USD 13,358,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2025-12-31 | restructuring | in_progress | 2024-02-02 | 2026 | Predominantly North America Confectionery and Corporate | USD 21 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Multi-year productivity program approved by the Board in February 2024 that facilitates workforce reductions. FY2025 severance and employee benefit costs were $20.594M; total FY2025 program costs (including other program costs) were $59.401M. Cumulative program costs through 2025-12-31 were $176.937M against estimated total pre-tax costs of $200M-$250M through 2026, including estimated severance of $45M-$60M. Number of positions eliminated not disclosed; approximately $400M of ongoing annual savings expected at conclusion. Severance liability of $8.59M remained at 2025-12-31. | |||
| 2025-12-31 | acquisition_addition | completed | 2025-11-18 | 2025-11-18 | United States and Canada | North America Salty Snacks | USD 815 (millions) | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Completed acquisition of an organic popcorn and puffed snack producer; total purchase consideration of $815.2M (initial cash consideration $769.1M, plus contingent consideration of up to $200M). Acquired-employee headcount not disclosed; LesserEvil represented 7.3% of total assets and less than 1% of net sales at 2025-12-31. Also referenced in Item 1 and MD&A. | ||
| 2025-12-31 | restructuring | in_progress | 2024-02-02 | 2026-12-31 | North America Confectionery and Corporate | USD 20,594 (thousands) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | FY2025 severance and employee benefit costs for workforce reductions; total FY2025 program charges were $59,401 thousand including other program costs. Multi-year program: $176,937 thousand recognized inception-to-date through 2025 against an estimated $200,000–$250,000 thousand total pre-tax cost through 2026; ongoing annual savings estimated at approximately $400,000 thousand. Employees affected not disclosed. | |||
| 2025-12-31 | acquisition_addition | completed | 2025-11-18 | 2025-11-18 | United States and Canada | North America Salty Snacks | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of organic popcorn and puffed snack producer completed 2025-11-18; consideration $815.2 million plus contingent consideration up to $200 million. Headcount added not disclosed; LesserEvil excluded from management's and auditors' ICFR assessment (7.3% of total assets). | |||
| 2025-12-31 | restructuring | in_progress | 2024-02-02 | 2026-12-31 | Global | Corporate and North America Confectionery | USD 59 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Advancing Agility & Automation Initiative. Total pre-tax costs estimated at $200M-$250M through 2026. $59.4M incurred in 2025, predominantly employee severance and third-party costs. Specific headcount reduction target not disclosed in text. | ||
| 2025-12-31 | restructuring | in_progress | Cost of Sales [Member] | USD 0 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2025-12-31 | restructuring | in_progress | Selling, General and Administrative Expenses [Member] | USD 38,807,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2025-12-31 | restructuring | in_progress | Restructuring Charges [Member] | USD 20,594,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2025-12-31 | restructuring | in_progress | USD 59,401,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | |||||||
| 2025-12-31 | restructuring | in_progress | Employee Severance [Member] / Advancing Agility & Automation Initiative [Member] | USD 20,594,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2025-12-31 | restructuring | in_progress | Other Restructuring [Member] / Advancing Agility & Automation Initiative [Member] | USD 38,807,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2025-12-31 | restructuring | in_progress | Employee Severance [Member] / International Optimization Program [Member] | USD 0 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2025-12-31 | restructuring | in_progress | Other Restructuring [Member] / International Optimization Program [Member] | USD 0 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2025-12-31 | restructuring | in_progress | Employee Severance [Member] | USD 20,594,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2025-12-31 | restructuring | in_progress | Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment [Member] | USD 59,401,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2025-12-31 | restructuring | in_progress | 350 | International Optimization Program [Member] | restructuring_footnote f5-10k / no-ai-xblr | Expected positions to be eliminated | |||||
| 2025-09-28 | restructuring | in_progress | 2024-02-02 | 2026-12-31 | Primarily United States (North America Confectionery segment and Corporate) | North America Confectionery; Corporate | USD 19 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Advancing Agility & Automation Initiative approved by Board 2024-02-02; total pre-tax costs estimated $200M–$250M through 2026, including employee severance of $45M–$60M; $169.1M recognized since inception through 2025-09-28. Severance-related charge of $18.84M recorded in nine months ended 2025-09-28; no employee count disclosed. Ongoing annual savings of ~$400M expected upon 2026 completion. | ||
| 2025-09-28 | restructuring | in_progress | 2024-02-02 | 2026-12-31 | Global | North America Confectionery, Corporate | USD 18,840 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Advancing Agility & Automation Initiative. Total pre-tax costs estimated at $200M-$250M through 2026. YTD 2025 total costs recognized: $169.1M. Q3 2025 severance charges: $2.2M. Q3 2025 other program costs: $8.4M. Employee count affected not disclosed. | ||
| 2025-09-28 | restructuring | in_progress | Cost of Sales [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2025-09-28 | restructuring | in_progress | Selling, General and Administrative Expenses [Member] | USD 8,366,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2025-09-28 | restructuring | in_progress | Restructuring Charges [Member] | USD 2,211,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2025-09-28 | restructuring | in_progress | USD 10,577,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2025-09-28 | restructuring | in_progress | Employee Severance [Member] / Advancing Agility & Automation Initiative [Member] | USD 2,211,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2025-09-28 | restructuring | in_progress | Other Restructuring [Member] / Advancing Agility & Automation Initiative [Member] | USD 8,366,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2025-09-28 | restructuring | in_progress | Employee Severance [Member] | USD 18,840,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2025-09-28 | restructuring | in_progress | Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment [Member] | USD 10,577,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2025-06-29 | restructuring | in_progress | 2024-02-02 | 2026-12-31 | Primarily United States | North America Confectionery and Corporate | USD 17 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | AAA Initiative: multi-year program with $200M–$250M total pre-tax costs through 2026, including $45M–$60M severance; no employee count disclosed. Charge shown is six-month 2025 severance portion. | ||
| 2025-06-29 | acquisition_addition | announced | 2025-03-31 | 2025-12-31 | United States and Canada | North America Salty Snacks | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Merger agreement to acquire LesserEvil, LLC; no headcount disclosed; expected close by end of 2025. | |||
| 2025-06-29 | restructuring | in_progress | 2024-02-02 | 2026-12-31 | Global | North America Confectionery, Corporate | USD 41 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Advancing Agility & Automation Initiative. YTD costs of $41.0M include severance and third-party costs. Total program cost estimated at $200M-$250M through 2026. Employee count affected not disclosed. | ||
| 2025-06-29 | restructuring | in_progress | Cost of Sales [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2025-06-29 | restructuring | in_progress | Selling, General and Administrative Expenses [Member] | USD 14,884,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2025-06-29 | restructuring | in_progress | Restructuring Charges [Member] | USD 255,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2025-06-29 | restructuring | in_progress | USD 15,139,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2025-06-29 | restructuring | in_progress | Employee Severance [Member] / Advancing Agility & Automation Initiative [Member] | USD 255,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2025-06-29 | restructuring | in_progress | Other Restructuring [Member] / Advancing Agility & Automation Initiative [Member] | USD 14,884,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2025-06-29 | restructuring | in_progress | Employee Severance [Member] | USD 16,629,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2025-06-29 | restructuring | in_progress | Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment [Member] | USD 15,139,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2025-03-30 | restructuring | in_progress | 2024-02-02 | 2026-12-31 | Primarily United States | North America Confectionery and Corporate | USD 16,374 (thousands) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | AAA Initiative: Q1 2025 severance charge $16.4M; total program costs since inception $143.4M; expected total pre-tax costs $200M–$250M through 2026; no employee count disclosed. Workforce reductions and reallocation of resources are part of the program. | ||
| 2025-03-30 | acquisition_addition | announced | 2025-03-31 | 2025-06-30 | United States and Canada | North America Salty Snacks | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Merger Agreement to acquire LesserEvil, LLC (organic popcorn and puffed snacks) signed March 31, 2025; expected close by mid-2025; no headcount disclosed. | |||
| 2025-03-30 | restructuring | in_progress | 2024-02-02 | 2026-12-31 | Global | North America Confectionery, Corporate | USD 26 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Advancing Agility & Automation Initiative. Q1 2025 charges of $25.9M include $16.4M severance and $9.5M other program costs. Total program cost estimated at $200M-$250M through 2026. Employee count affected not disclosed. | ||
| 2025-03-30 | restructuring | in_progress | Cost of Sales [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2025-03-30 | restructuring | in_progress | Selling, General and Administrative Expenses [Member] | USD 9,480,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2025-03-30 | restructuring | in_progress | Restructuring Charges [Member] | USD 16,374,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2025-03-30 | restructuring | in_progress | USD 25,854,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2025-03-30 | restructuring | in_progress | Employee Severance [Member] / Advancing Agility & Automation Initiative [Member] | USD 16,374,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2025-03-30 | restructuring | in_progress | Other Restructuring [Member] / Advancing Agility & Automation Initiative [Member] | USD 9,480,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2025-03-30 | restructuring | in_progress | Employee Severance [Member] | USD 16,374,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2025-03-30 | restructuring | in_progress | Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment [Member] | USD 25,854,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2024-12-31 | restructuring | in_progress | 2024-02-02 | 2026 | Predominantly North America Confectionery segment and Corporate | USD 118 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Multi-year productivity program approved by the Board on February 2, 2024, running through 2026; fiscal 2024 charges equal inception-to-date costs of $117.5M, comprising $29.0M severance and employee benefit costs (cash payments of $18.6M; $10.4M accrued at year-end) and $88.5M other program costs. Expected total pre-tax costs of $200-250M through 2026, including expected severance of $45-60M as workforce reductions are executed; expected ongoing annual savings of approximately $300M at conclusion. No employee headcount affected was disclosed. | |||
| 2024-12-31 | restructuring | in_progress | 2024-02-02 | 2026-12-31 | Primarily United States | North America Confectionery and Corporate | USD 118 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Advancing Agility & Automation Initiative. $117.5M is cumulative costs since inception through 2024-12-31, of which $29.0M was severance and employee benefit costs. Total program estimated at $200M–$250M pre-tax through 2026; employee severance component estimated at $45M–$60M. No employee headcount affected disclosed. | ||
| 2024-12-31 | acquisition_addition | completed | 2024-11-08 | 2024-11-08 | United States | North America Confectionery | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Sour Strips brand from Actual Candy, LLC. Brand acquisition; no headcount added disclosed. | |||
| 2024-12-31 | restructuring | in_progress | 2024-02-02 | 2026-12-31 | Global | Corporate and North America Confectionery | USD 118 (thousands) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Advancing Agility & Automation Initiative. Total pre-tax costs estimated $200M-$250M through 2026. 2024 charges include severance and third-party costs. Employee count affected not explicitly disclosed for 2024 activity, though program expects workforce reductions. | ||
| 2024-12-31 | restructuring | in_progress | Cost of Sales [Member] | USD 12,168,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2024-12-31 | restructuring | in_progress | Selling, General and Administrative Expenses [Member] | USD 76,333,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2024-12-31 | restructuring | in_progress | Restructuring Charges [Member] | USD 29,035,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2024-12-31 | restructuring | in_progress | USD 117,536,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | |||||||
| 2024-12-31 | restructuring | in_progress | Employee Severance [Member] / Advancing Agility & Automation Initiative [Member] | USD 29,035,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2024-12-31 | restructuring | in_progress | Other Restructuring [Member] / Advancing Agility & Automation Initiative [Member] | USD 88,501,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2024-12-31 | restructuring | in_progress | Employee Severance [Member] / International Optimization Program [Member] | USD 0 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2024-12-31 | restructuring | in_progress | Other Restructuring [Member] / International Optimization Program [Member] | USD 0 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2024-12-31 | restructuring | in_progress | Employee Severance [Member] | USD 29,035,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2024-12-31 | restructuring | in_progress | Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment [Member] | USD 117,536,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2024-12-31 | restructuring | in_progress | 350 | Non-US [Member] / International Optimization Program [Member] | restructuring_footnote f5-10k / no-ai-xblr | Expected positions to be eliminated | |||||
| 2024-09-29 | restructuring | in_progress | 2024-02-02 | 2026-12-31 | Primarily United States | North America Confectionery and Corporate | USD 105 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Advancing Agility & Automation (AAA) Initiative approved 2024-02-02; total pre-tax costs estimated at $200M–$250M through 2026, of which $104.795M recognized since inception through 2024-09-29. Includes workforce reductions and third-party/technology costs; no headcount affected disclosed. Severance-related liability balance was $28.639M at quarter-end. | ||
| 2024-09-29 | restructuring | completed | 2020-10-01 | 2023-12-31 | International (including China) | International | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | International Optimization Program completed in 2023; no charges recognized in the current quarter or YTD 2024. Prior program total was $53.799M since 2020 inception. Included for context only; no 2024 activity. | |||
| 2024-09-29 | restructuring | in_progress | 2024-02-02 | 2026-12-31 | Global | North America Confectionery, Corporate | USD 104,795 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Advancing Agility & Automation Initiative. Board approved Feb 2, 2024. Total estimated pre-tax costs $200M-$250M through 2026. Includes severance ($45M-$60M est) and third-party/tech costs. YTD charges $104.8M. Employee count affected not explicitly disclosed. | ||
| 2024-09-29 | restructuring | in_progress | Cost of Sales [Member] | USD 1,457,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2024-09-29 | restructuring | in_progress | Selling, General and Administrative Expenses [Member] | USD 20,037,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2024-09-29 | restructuring | in_progress | Restructuring Charges [Member] | USD 27,635,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2024-09-29 | restructuring | in_progress | USD 49,129,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2024-09-29 | restructuring | in_progress | Employee Severance [Member] / Advancing Agility & Automation Initiative [Member] | USD 27,635,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2024-09-29 | restructuring | in_progress | Other Restructuring [Member] / Advancing Agility & Automation Initiative [Member] | USD 21,494,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2024-09-29 | restructuring | in_progress | Employee Severance [Member] / International Optimization Program [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2024-09-29 | restructuring | in_progress | Other Restructuring [Member] / International Optimization Program [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2024-09-29 | restructuring | in_progress | Employee Severance [Member] | USD 32,572,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2024-09-29 | restructuring | in_progress | Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment [Member] | USD 49,129,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2024-06-30 | restructuring | in_progress | 2024-02-02 | 2026-12-31 | United States | North America Confectionery; Corporate | USD 5 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Board-approved multi-year productivity initiative; no headcount affected disclosed. Severance shown is six months ended 2024-06-30; total program pre-tax cost estimated at $200M–$250M through 2026, including $45M–$60M of employee severance and workforce reductions; ~$300M expected annual savings by 2026. | ||
| 2024-06-30 | restructuring | in_progress | 2024-02-02 | 2026-12-31 | Global | North America Confectionery, Corporate | USD 55,666 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Advancing Agility & Automation Initiative. Estimated total pre-tax costs $200M-$250M through 2026. YTD costs $55.7M include third-party and technology costs. Employee severance estimated at $45M-$60M total; specific headcount affected not disclosed. | ||
| 2024-06-30 | restructuring | completed | 350 | 2020-10-01 | 2023-12-31 | International | International | USD 53,799 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | International Optimization Program. Completed in 2023. Total pre-tax charges $53.8M. Involved workforce reductions of approximately 350 positions outside the United States. | |
| 2024-06-30 | restructuring | in_progress | Cost of Sales [Member] | USD 8,099,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2024-06-30 | restructuring | in_progress | Selling, General and Administrative Expenses [Member] | USD 25,964,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2024-06-30 | restructuring | in_progress | Restructuring Charges [Member] | USD 4,937,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2024-06-30 | restructuring | in_progress | USD 39,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2024-06-30 | restructuring | in_progress | Employee Severance [Member] / Advancing Agility & Automation Initiative [Member] | USD 4,937,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2024-06-30 | restructuring | in_progress | Other Restructuring [Member] / Advancing Agility & Automation Initiative [Member] | USD 34,063,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2024-06-30 | restructuring | in_progress | Employee Severance [Member] / International Optimization Program [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2024-06-30 | restructuring | in_progress | Other Restructuring [Member] / International Optimization Program [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2024-06-30 | restructuring | in_progress | Segment Reconciling Items [Member] | USD 39,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2024-03-31 | restructuring | in_progress | 2024-02-02 | 2026-12-31 | United States | North America Confectionery; Corporate | USD 200 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | AAA Initiative: total pre-tax costs estimated $200M–$250M through 2026, including $45M–$60M of severance and separation benefits for expected workforce reductions; no employee count disclosed. $16.7M recognized through 2024-03-31. | ||
| 2024-03-31 | restructuring | in_progress | 2024-02-02 | 2026-12-31 | Global | North America Confectionery, Corporate | USD 200 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Advancing Agility & Automation Initiative approved Feb 2, 2024. Estimated total pre-tax costs $200M-$250M through 2026. Includes $45M-$60M for employee severance and related separation benefits. Q1 2024 costs recognized: $16.7M (predominantly third-party and technology costs). Employee count affected not explicitly disclosed. | ||
| 2024-03-31 | restructuring | in_progress | Cost of Sales [Member] | USD 2,612,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2024-03-31 | restructuring | in_progress | Selling, General and Administrative Expenses [Member] | USD 14,054,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2024-03-31 | restructuring | in_progress | Restructuring Charges [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2024-03-31 | restructuring | in_progress | USD 16,666,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2024-03-31 | restructuring | in_progress | Other Restructuring [Member] / Advancing Agility & Automation Initiative [Member] | USD 16,666,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2024-03-31 | restructuring | in_progress | Employee Severance [Member] / International Optimization Program [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2024-03-31 | restructuring | in_progress | Other Restructuring [Member] / International Optimization Program [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2024-03-31 | restructuring | in_progress | Advancing Agility & Automation Initiative [Member] | USD 16,666,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2024-03-31 | restructuring | in_progress | Segment Reconciling Items [Member] | USD 16,666,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2024-03-31 | restructuring | in_progress | 350 | Non-US [Member] / International Optimization Program [Member] | restructuring_footnote f5-10q / no-ai-xblr | Expected positions to be eliminated | |||||
| 2023-12-31 | restructuring | completed | 2020-10-01 | 2023-12-31 | International (including China) | International | USD 3 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | International Optimization Program completed in 2023; $3.44M charge in FY2023, $53.8M cumulative since inception. Original program contemplated ~350 position reductions; no FY2023-specific headcount disclosed. | ||
| 2023-12-31 | restructuring | announced | 2024-02-02 | 2026-12-31 | Global | Enterprise-wide (supply chain, manufacturing, SG&A) | USD 225 (millions) | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Board-approved Feb 2, 2024 (post-FY-end). Total pre-tax costs estimated $200M–$250M through 2026; severance component $45M–$60M; expected ongoing annual savings ~$300M. Charge value shown is upper bound of total program estimate. | ||
| 2023-12-31 | acquisition_addition | completed | 2023-05-31 | 2023-05-31 | United States | North America Salty Snacks | USD 166 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Weaver Popcorn Manufacturing asset acquisition completed May 31, 2023; $165.8M cash consideration. Headcount added not disclosed. | ||
| 2023-12-31 | restructuring | completed | 2020-10-01 | 2023-12-31 | International | International | USD 3 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | International Optimization Program completed in 2023. Costs recorded in 2023 were $3.4 million. Original program targeted ~350 positions outside US, but specific 2023 headcount impact not disclosed. | ||
| 2023-12-31 | restructuring | announced | 2024-02-02 | 2026-12-31 | Global | Global | USD 225 (thousands) | subsequent_events f5-10k / Qwen3.6-27B-Q8_0 | Advancing Agility & Automation Initiative announced Feb 2024. Estimated total pre-tax costs $200M-$250M through 2026. Includes severance for workforce reductions, but specific employee count not disclosed. | ||
| 2023-12-31 | restructuring | in_progress | Cost of Sales [Member] | USD 527,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2023-12-31 | restructuring | in_progress | Selling, General and Administrative Expenses [Member] | USD 2,472,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2023-12-31 | restructuring | in_progress | Restructuring Charges [Member] | USD 441,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2023-12-31 | restructuring | in_progress | USD 3,440,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | |||||||
| 2023-12-31 | restructuring | in_progress | Employee Severance [Member] / International Optimization Program [Member] | USD 441,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2023-12-31 | restructuring | in_progress | Other Restructuring [Member] / International Optimization Program [Member] | USD 2,999,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2023-12-31 | restructuring | in_progress | International Optimization Program [Member] | USD 3,440,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2023-12-31 | restructuring | in_progress | Segment Reconciling Items [Member] | USD 3,440,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2023-12-31 | restructuring | in_progress | 350 | Non-US [Member] / International Optimization Program [Member] | restructuring_footnote f5-10k / no-ai-xblr | Expected positions to be eliminated | |||||
| 2023-10-01 | restructuring | completed | 2020-10-01 | 2023-10-01 | International (outside the United States) | International segment | USD 3 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | International Optimization Program; $3.4M of costs recorded in the nine months ended October 1, 2023 (severance and third-party charges). Program originally scoped at roughly 350 workforce reductions outside the U.S. and completed in 2023; no count of positions affected in the current period is disclosed. | ||
| 2023-10-01 | acquisition_addition | completed | 2023-05-31 | 2023-05-31 | United States | North America Salty Snacks | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of certain manufacturing assets completed May 31, 2023 for $165.8M cash; no headcount added through the transaction is disclosed. | |||
| 2023-10-01 | restructuring | completed | 2020-10-01 | 2023-12-31 | International | International | USD 3,440 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | International Optimization Program completed in 2023. YTD 2023 costs of $3.4M included severance and third-party charges for China operating model transformation. Program originally targeted ~350 positions outside US. | ||
| 2023-10-01 | restructuring | in_progress | Cost of Sales [Member] | USD -506,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2023-10-01 | restructuring | in_progress | Selling, General and Administrative Expenses [Member] | USD 80,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2023-10-01 | restructuring | in_progress | Restructuring Charges [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2023-10-01 | restructuring | in_progress | USD -426,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2023-10-01 | restructuring | in_progress | Employee Severance [Member] / International Optimization Program [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2023-10-01 | restructuring | in_progress | Other Restructuring [Member] / International Optimization Program [Member] | USD -426,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2023-10-01 | restructuring | in_progress | International Optimization Program [Member] | USD 3,440,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2023-10-01 | restructuring | in_progress | Segment Reconciling Items [Member] | USD -426,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2023-10-01 | restructuring | in_progress | 350 | Non-US [Member] / International Optimization Program [Member] | restructuring_footnote f5-10q / no-ai-xblr | Expected positions to be eliminated | |||||
| 2023-07-02 | restructuring | completed | 350 | 2023-06-30 | International (outside the United States), including China | International | USD 4 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | International Optimization Program, commenced in Q4 2020, was completed as of the second quarter of 2023. The 350-position figure is the program's originally disclosed scope of workforce reductions outside the U.S., not a count of positions affected in the current quarter; no quarterly affected-employee count is disclosed. Associated charge shown is the six-months 2023 cost of $3,866 thousand; inception-to-date pre-tax charges total $54,225 thousand. Original program cost estimate was $50–75 million pre-tax. | ||
| 2023-07-02 | acquisition_addition | completed | 2023-05-31 | 2023-05-31 | United States | North America Salty Snacks | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of certain manufacturing assets from Weaver Popcorn Manufacturing, Inc. closed May 31, 2023 for $165,818 thousand cash. No headcount added through the transaction is disclosed; purchase price allocation assigns $85,231 thousand to goodwill and $79,136 thousand to property, plant and equipment. | |||
| 2023-07-02 | restructuring | completed | 2020-10-01 | 2023-07-02 | International | International | USD 4 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | International Optimization Program completed in Q2 2023. Originally targeted ~350 positions outside US. Current quarter charges were $0.4M; YTD charges were $3.9M. Total program charges since inception are $54.2M. Specific headcount affected in this period not disclosed. | ||
| 2023-07-02 | restructuring | in_progress | Cost of Sales [Member] | USD -17,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2023-07-02 | restructuring | in_progress | Selling, General and Administrative Expenses [Member] | USD 1,904,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2023-07-02 | restructuring | in_progress | Restructuring Charges [Member] | USD -370,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2023-07-02 | restructuring | in_progress | USD 1,517,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2023-07-02 | restructuring | in_progress | Employee Severance [Member] / International Optimization Program [Member] | USD -370,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2023-07-02 | restructuring | in_progress | Other Restructuring [Member] / International Optimization Program [Member] | USD 1,887,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2023-07-02 | restructuring | in_progress | International Optimization Program [Member] | USD 3,866,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2023-07-02 | restructuring | in_progress | Segment Reconciling Items [Member] | USD 1,517,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2023-07-02 | restructuring | in_progress | 350 | Non-US [Member] / International Optimization Program [Member] | restructuring_footnote f5-10q / no-ai-xblr | Expected positions to be eliminated | |||||
| 2023-04-02 | restructuring | in_progress | 350 | 2020 | 2023-12-31 | Outside the United States (International segment) | International | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Program announced in Q4 2020; total pre-tax costs expected $50M-$75M (cash costs $40M-$65M), covering workforce reductions of approximately 350 positions outside the U.S., production consolidation/relocation and third-party costs. Cumulative pre-tax charges since inception were $52.708M through April 2, 2023; Q1 2023 charges were $2.349M. Charge value left null because the disclosed program cost is a range. | ||
| 2023-04-02 | restructuring | in_progress | 350 | 2020-10-01 | 2023-12-31 | International | International | USD 2 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | International Optimization Program. Total pre-tax costs anticipated $50M-$75M. Workforce reductions of approximately 350 positions outside the US. Q1 2023 charges of $2.3M included severance and third-party costs. | |
| 2023-04-02 | restructuring | in_progress | Cost of Sales [Member] | USD 1,050,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2023-04-02 | restructuring | in_progress | Selling, General and Administrative Expenses [Member] | USD 488,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2023-04-02 | restructuring | in_progress | Restructuring Charges [Member] | USD 811,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2023-04-02 | restructuring | in_progress | USD 2,349,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2023-04-02 | restructuring | in_progress | Employee Severance [Member] / International Optimization Program [Member] | USD 811,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2023-04-02 | restructuring | in_progress | Other Restructuring [Member] / International Optimization Program [Member] | USD 1,538,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2023-04-02 | restructuring | in_progress | International Optimization Program [Member] | USD 2,349,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2023-04-02 | restructuring | in_progress | Segment Reconciling Items [Member] | USD 2,349,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2023-04-02 | restructuring | in_progress | 350 | Non-US [Member] / International Optimization Program [Member] | restructuring_footnote f5-10q / no-ai-xblr | Expected positions to be eliminated | |||||
| 2022-12-31 | restructuring | in_progress | 350 | 2020-10 | 2023-12-31 | Outside the United States (select international markets, primarily China) | International | USD 4 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Multi-year International Optimization Program commenced in Q4 2020 to streamline resources in select international markets and optimize the China operating model. The approximately 350 positions are the cumulative program-level workforce reduction target (all outside the U.S.), not a fiscal 2022-specific figure. The $4.4 million charge is the fiscal 2022 expense ($2.0 million severance and employee benefits; $2.4 million other program costs); cumulative pre-tax charges since inception through FY2022 were $50.4 million against anticipated total pre-tax program costs of $50–75 million. Program expected to be completed by end of 2023. | |
| 2022-12-31 | restructuring | in_progress | 350 | 2020 | 2023-12-31 | International (primarily China; positions outside the United States) | International | USD 4 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Multi-year program commenced Q4 2020; charge shown is FY2022 only ($4,417 thousand). Program-level estimate is $50M-$75M pre-tax total ($40M-$65M cash), with cumulative pre-tax charges of $50,359 thousand through FY2022. The ~350 position reduction is the program-wide target, not a FY2022-specific figure. | |
| 2022-12-31 | restructuring | in_progress | 2020-Q4 | 2023-12-31 | International | International Segment | USD 4 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | International Optimization Program. Total pre-tax costs anticipated $50M-$75M. 2022 costs of $4.4M recognized. Program involves workforce reductions of approx 350 positions outside US, but specific 2022 headcount impact not disclosed separately from total program. | ||
| 2022-12-31 | restructuring | in_progress | Cost of Sales [Member] | USD 3,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2022-12-31 | restructuring | in_progress | Selling, General and Administrative Expenses [Member] | USD 2,425,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2022-12-31 | restructuring | in_progress | Restructuring Charges [Member] | USD 1,989,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2022-12-31 | restructuring | in_progress | USD 4,417,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | |||||||
| 2022-12-31 | restructuring | in_progress | Employee Severance [Member] / International Optimization Program [Member] | USD 2,001,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2022-12-31 | restructuring | in_progress | Other Restructuring [Member] / International Optimization Program [Member] | USD 2,416,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2022-12-31 | restructuring | in_progress | Employee Severance [Member] / Margin for Growth Program [Member] | USD 0 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2022-12-31 | restructuring | in_progress | Other Restructuring [Member] / Margin for Growth Program [Member] | USD 0 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2022-12-31 | restructuring | in_progress | International Optimization Program [Member] | USD 4,417,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2022-12-31 | restructuring | in_progress | Segment Reconciling Items [Member] | USD 4,417,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2022-12-31 | restructuring | in_progress | 350 | Non-US [Member] / International Optimization Program [Member] | restructuring_footnote f5-10k / no-ai-xblr | Expected positions to be eliminated | |||||
| 2022-10-02 | restructuring | in_progress | 350 | 2020-10 | 2023-12-31 | International (outside the United States, including China) | International | USD 2 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | International Optimization Program commenced in Q4 2020; 350 positions is the program-wide estimate, not a quarterly figure. Charge shown is the nine-month 2022 cost (Q3 2022 cost was $0.393 million); cumulative pre-tax charges since inception were $48.315 million. Program costs excluded from segment income. | |
| 2022-10-02 | restructuring | in_progress | 2020-10-01 | 2023-12-31 | International | International | USD 2 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | International Optimization Program. Total pre-tax costs anticipated $50M-$75M. Workforce reductions of approx 350 positions outside US. Q3 2022 charges: $0.4M. YTD 2022 charges: $2.4M. | ||
| 2022-10-02 | restructuring | in_progress | Cost of Sales [Member] | USD -1,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2022-10-02 | restructuring | in_progress | Selling, General and Administrative Expenses [Member] | USD 394,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2022-10-02 | restructuring | in_progress | Restructuring Charges [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2022-10-02 | restructuring | in_progress | USD 393,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2022-10-02 | restructuring | in_progress | Employee Severance [Member] / International Optimization Program [Member] | USD 2,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2022-10-02 | restructuring | in_progress | Other Restructuring [Member] / International Optimization Program [Member] | USD 391,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2022-10-02 | restructuring | in_progress | International Optimization Program [Member] | USD 2,373,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2022-10-02 | restructuring | in_progress | Segment Reconciling Items [Member] | USD 393,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2022-10-02 | restructuring | in_progress | 350 | Non-US [Member] / International Optimization Program [Member] | restructuring_footnote f5-10q / no-ai-xblr | Expected positions to be eliminated | |||||
| 2022-07-03 | restructuring | in_progress | 350 | 2020-10-01 | 2023-03-31 | International (outside the United States) | International | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Program commenced Q4 2020; total pre-tax costs expected $50,000–$75,000 thousand, cash costs $40,000–$65,000 thousand. Cumulative pre-tax charges since inception were $47,922 thousand as of 2022-07-03. Costs in the quarter were $699 thousand; YTD 2022 costs were $1,980 thousand. Affected-employee count is the program total, not a quarterly figure. | ||
| 2022-07-03 | restructuring | in_progress | 350 | 2020-10-01 | 2023-03-31 | International | International | USD 2 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | International Optimization Program. Total pre-tax costs anticipated $50M-$75M. YTD 2022 charges $1.98M. Program expected to complete early 2023. | |
| 2022-07-03 | restructuring | in_progress | Cost of Sales [Member] | USD -23,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2022-07-03 | restructuring | in_progress | Selling, General and Administrative Expenses [Member] | USD 722,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2022-07-03 | restructuring | in_progress | Restructuring Charges [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2022-07-03 | restructuring | in_progress | USD 699,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2022-07-03 | restructuring | in_progress | Employee Severance [Member] / International Optimization Program [Member] | USD 5,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2022-07-03 | restructuring | in_progress | Other Restructuring [Member] / International Optimization Program [Member] | USD 694,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2022-07-03 | restructuring | in_progress | International Optimization Program [Member] | USD 1,980,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2022-07-03 | restructuring | in_progress | Segment Reconciling Items [Member] | USD 699,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2022-07-03 | restructuring | in_progress | 350 | Non-US [Member] / International Optimization Program [Member] | restructuring_footnote f5-10q / no-ai-xblr | Expected positions to be eliminated | |||||
| 2022-04-03 | restructuring | in_progress | 350 | 2020-10-01 | 2023-03-31 | International (outside the United States) | International segment — China operating model optimization | USD 75 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Program-level figure: total pre-tax costs expected $50–75M, cash costs $40–65M, covering ~350 positions. Q1 2022 costs were $1.281M; cumulative since inception $47.223M. Announcement date approximate (program commenced Q4 2020). | |
| 2022-04-03 | restructuring | in_progress | 350 | 2020-10-01 | 2023-03-31 | International | International | USD 1 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | International Optimization Program. Total pre-tax costs anticipated $50M-$75M. Q1 2022 charges of $1.281M included severance and employee benefit costs ($0.28M) and other program costs ($1.001M). Program involves workforce reductions of approx 350 positions outside US. | |
| 2022-04-03 | restructuring | in_progress | Cost of Sales [Member] | USD 27,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2022-04-03 | restructuring | in_progress | Selling, General and Administrative Expenses [Member] | USD 980,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2022-04-03 | restructuring | in_progress | Restructuring Charges [Member] | USD 274,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2022-04-03 | restructuring | in_progress | USD 1,281,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2022-04-03 | restructuring | in_progress | Employee Severance [Member] / International Optimization Program [Member] | USD 280,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2022-04-03 | restructuring | in_progress | Other Restructuring [Member] / International Optimization Program [Member] | USD 1,001,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2022-04-03 | restructuring | in_progress | International Optimization Program [Member] | USD 1,281,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2022-04-03 | restructuring | in_progress | Segment Reconciling Items [Member] | USD 1,281,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2021-12-31 | restructuring | in_progress | 350 | 2020 | 2023 | Outside the United States (select international markets, primarily China) | International | USD 16,599 (thousands) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | International Optimization Program commenced in Q4 2020; expected completion early 2023; program contemplates workforce reductions of approximately 350 positions outside the U.S. (program-level figure). FY2021 charges of $16,599 thousand (severance $3,982; other program costs $12,617); cumulative program charges of $45,942 thousand since inception against expected total pre-tax costs of $50,000-$75,000 thousand | |
| 2021-12-31 | restructuring | in_progress | 350 | 2020 | 2023 | Outside the United States (primarily China) | International | USD 17 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | International Optimization Program commenced Q4 2020; workforce reductions of approximately 350 positions. Charge shown is FY2021 costs of $16,599 thousand; total program pre-tax costs expected $50-75 million (cash $40-65 million), cumulative charges since inception $45,942 thousand. Expected completion early 2023. | |
| 2021-12-31 | acquisition_addition | completed | 2021-06-25 | 2021-06-25 | United States, Canada | North America Confectionery | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquired June 25, 2021 for net consideration of $427.2 million; expected annualized net sales over $100 million. Acquired headcount not disclosed. | |||
| 2021-12-31 | acquisition_addition | completed | 2021-12-13 | 2021-12-13 | United States | North America Salty Snacks | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquired December 13, 2021 for net consideration of $894.2 million. Acquired headcount not disclosed; Dot's and Pretzels together expected to generate aggregate annualized net sales over $300 million. | |||
| 2021-12-31 | acquisition_addition | completed | 2021-12-14 | 2021-12-14 | United States (Indiana and Kansas) | North America Salty Snacks | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquired December 14, 2021 for cash consideration of $304.5 million; operates three manufacturing locations. Acquired headcount not disclosed. | |||
| 2021-12-31 | divestiture_reduction | completed | 2021-01-31 | 2021-01-31 | China | International | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Divestiture of the 50% controlling-interest joint venture completed January 2021; proceeds and financial-statement impact described as immaterial. Headcount removed not disclosed. | |||
| 2021-12-31 | restructuring | in_progress | 350 | 2020-Q4 | 2023-03-31 | International | International | USD 17 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | International Optimization Program commenced in Q4 2020. Total pre-tax costs anticipated $50M-$75M. Workforce reductions of approx 350 positions outside US. $16.6M charged in 2021. | |
| 2021-12-31 | acquisition_addition | completed | 2021-06-25 | 2021-06-25 | United States and Canada | North America Confectionery | business_combinations_footnote f5-10k / Qwen3.6-27B-Q8_0 | Acquisition of Lily's Sweets, LLC. Headcount not explicitly disclosed. | |||
| 2021-12-31 | acquisition_addition | completed | 2021-12-13 | 2021-12-13 | United States | North America Salty Snacks | business_combinations_footnote f5-10k / Qwen3.6-27B-Q8_0 | Acquisition of Dot's Pretzels, LLC. Headcount not explicitly disclosed. | |||
| 2021-12-31 | acquisition_addition | completed | 2021-12-14 | 2021-12-14 | United States | North America Salty Snacks | business_combinations_footnote f5-10k / Qwen3.6-27B-Q8_0 | Acquisition of Pretzels Inc. Headcount not explicitly disclosed. | |||
| 2021-12-31 | divestiture_reduction | completed | 2021-01 | 2021-01 | China | International | business_combinations_footnote f5-10k / Qwen3.6-27B-Q8_0 | Divestiture of Lotte Shanghai Foods Co., Ltd. (LSFC). Headcount not explicitly disclosed. | |||
| 2021-12-31 | restructuring | in_progress | Cost of Sales [Member] | USD 5,220,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2021-12-31 | restructuring | in_progress | Selling, General and Administrative Expenses [Member] | USD 7,854,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2021-12-31 | restructuring | in_progress | Restructuring Charges [Member] | USD 3,525,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2021-12-31 | restructuring | in_progress | USD 16,599,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | |||||||
| 2021-12-31 | restructuring | in_progress | Employee Severance [Member] / International Optimization Program [Member] | USD 3,982,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2021-12-31 | restructuring | in_progress | Other Restructuring [Member] / International Optimization Program [Member] | USD 12,617,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2021-12-31 | restructuring | in_progress | Employee Severance [Member] / Margin for Growth Program [Member] | USD 0 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2021-12-31 | restructuring | in_progress | Other Restructuring [Member] / Margin for Growth Program [Member] | USD 0 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2021-12-31 | restructuring | in_progress | International Optimization Program [Member] | USD 16,599,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2021-12-31 | restructuring | in_progress | Segment Reconciling Items [Member] | USD 16,599,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2021-10-03 | restructuring | in_progress | 350 | 2022-06-30 | Outside the United States (International and Other segment, including China) | International and Other | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | International Optimization Program, commenced Q4 2020 (exact announcement date not disclosed). Approximately 350 positions outside the U.S. Expected total pre-tax costs $50M-$75M, cash costs $40M-$65M (range; single value not disclosed). Charges incurred: $3.4M in Q3 2021, $13.8M YTD 2021, $43.1M since inception. Program expected complete by mid-2022. | |||
| 2021-10-03 | restructuring | in_progress | 350 | 2020-10-01 | 2022-06-30 | International (primarily outside United States) | International and Other | USD 14 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | International Optimization Program. Total pre-tax costs anticipated $50M-$75M. YTD 2021 charges of $13.8M include severance and third-party charges for China operating model transformation. Program involves workforce reductions of approx 350 positions. | |
| 2021-10-03 | restructuring | in_progress | Cost of Sales [Member] | USD 213,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2021-10-03 | restructuring | in_progress | Selling, General and Administrative Expenses [Member] | USD 2,819,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2021-10-03 | restructuring | in_progress | Restructuring Charges [Member] | USD 365,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2021-10-03 | restructuring | in_progress | USD 3,397,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2021-10-03 | restructuring | in_progress | Employee Severance [Member] / International Optimization Program [Member] | USD 377,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2021-10-03 | restructuring | in_progress | Other Restructuring [Member] / International Optimization Program [Member] | USD 3,020,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2021-10-03 | restructuring | in_progress | Employee Severance [Member] / Margin for Growth Program [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2021-10-03 | restructuring | in_progress | Other Restructuring [Member] / Margin for Growth Program [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2021-10-03 | restructuring | in_progress | International Optimization Program [Member] | USD 3,397,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2021-10-03 | restructuring | in_progress | Segment Reconciling Items [Member] | USD 3,397,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2021-07-04 | restructuring | in_progress | 350 | 2020-10 | 2022-06-30 | International markets outside the United States (including China) | International and Other | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | International Optimization Program commenced in Q4 2020; approximately 350 positions outside the U.S. Expected total pre-tax costs $50-75 million (cash $40-65 million); completion targeted mid-2022. Costs incurred: $3.5 million in Q2 2021 and $10.4 million YTD 2021; $39.7 million since inception. Charge range not allocated to a single value. | ||
| 2021-07-04 | acquisition_addition | completed | 2021-06-25 | 2021-06-25 | United States and Canada | North America | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Lily's Sweets, LLC completed June 25, 2021; initial cash consideration $418.2 million. Headcount added through the acquisition is not disclosed in the filing. | |||
| 2021-07-04 | divestiture_reduction | completed | 2021-01 | 2021-01 | China | International and Other | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Divestiture of Lotte Shanghai Foods Co., Ltd. completed January 2021; proceeds and income statement impact described as immaterial. Headcount removed is not disclosed. | |||
| 2021-07-04 | restructuring | in_progress | 350 | 2020-10-01 | 2022-06-30 | International (primarily outside United States) | International and Other | USD 10,396 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | International Optimization Program. Total pre-tax costs anticipated $50M-$75M. YTD 2021 charges of $10.4M include severance and third-party charges for China operating model transformation. Program expected to complete by mid-2022. | |
| 2021-07-04 | restructuring | in_progress | Cost of Sales [Member] | USD 1,042,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2021-07-04 | restructuring | in_progress | Selling, General and Administrative Expenses [Member] | USD 1,286,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2021-07-04 | restructuring | in_progress | Restructuring Charges [Member] | USD 1,141,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2021-07-04 | restructuring | in_progress | USD 3,469,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2021-07-04 | restructuring | in_progress | Employee Severance [Member] / International Optimization Program [Member] | USD 1,198,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2021-07-04 | restructuring | in_progress | Other Restructuring [Member] / International Optimization Program [Member] | USD 2,271,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2021-07-04 | restructuring | in_progress | Employee Severance [Member] / Margin for Growth Program [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2021-07-04 | restructuring | in_progress | Other Restructuring [Member] / Margin for Growth Program [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2021-07-04 | restructuring | in_progress | International Optimization Program [Member] | USD 3,469,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2021-07-04 | restructuring | in_progress | Segment Reconciling Items [Member] | USD 3,469,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2021-04-04 | restructuring | in_progress | 350 | 2020-10-01 | 2022-06-30 | Outside the United States (primarily China) | International and Other | USD 50 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | International Optimization Program; total pre-tax costs expected $50M-$75M, cash costs $40M-$65M. Program commenced Q4 2020. Q1 2021 charges of $6.9M; cumulative pre-tax charges since inception $36.3M. | |
| 2021-04-04 | divestiture_reduction | completed | 2021-01-31 | China | International and Other | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Divestiture of Lotte Shanghai Foods Co., Ltd. (LSFC) completed January 2021; headcount impact not disclosed. | ||||
| 2021-04-04 | restructuring | in_progress | 350 | 2020-10-01 | 2022-06-30 | International (primarily China) | International and Other | USD 7 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | International Optimization Program. Total pre-tax costs anticipated $50M-$75M. Q1 2021 charges of $6.9M included severance and third-party charges for China operating model transformation. Program commenced Q4 2020. | |
| 2021-04-04 | restructuring | in_progress | Cost of Sales [Member] | USD 3,995,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2021-04-04 | restructuring | in_progress | Selling, General and Administrative Expenses [Member] | USD 1,690,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2021-04-04 | restructuring | in_progress | Restructuring Charges [Member] | USD 1,242,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2021-04-04 | restructuring | in_progress | USD 6,927,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2021-04-04 | restructuring | in_progress | Employee Severance [Member] / International Optimization Program [Member] | USD 1,624,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2021-04-04 | restructuring | in_progress | Other Restructuring [Member] / International Optimization Program [Member] | USD 5,303,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2021-04-04 | restructuring | in_progress | Employee Severance [Member] / Margin for Growth Program [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2021-04-04 | restructuring | in_progress | Other Restructuring [Member] / Margin for Growth Program [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2021-04-04 | restructuring | in_progress | International Optimization Program [Member] | USD 6,927,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2021-04-04 | restructuring | in_progress | Segment Reconciling Items [Member] | USD 6,927,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2020-12-31 | restructuring | in_progress | 350 | 2020 | 2022-06 | Select international markets outside the United States, primarily China | International and Other | USD 29,343 (thousands) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Program commenced in the fourth quarter of 2020 to streamline select international markets and optimize the China operating model; includes workforce reductions of approximately 350 positions outside the U.S., production consolidation/relocation and third-party costs. FY2020 charge comprises $18,977 thousand severance and $10,366 thousand other program costs; total program pre-tax costs anticipated at $50-75 million (cash costs $40-65 million). Expected completion by mid-2022. | |
| 2020-12-31 | restructuring | completed | 2017 | 2020-06 | Global | Approximately 63% North America / 37% International and Other | USD 2,170 (thousands) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Multi-year program approved by the Board in the first quarter of 2017 to improve global efficiency, optimize the supply chain and reduce administrative expenses; completed in mid-2020. Record reflects current-year activity only: FY2020 charge of $2,170 thousand includes a $653 thousand severance reversal and $2,823 thousand of other program costs; 2018-2019 program charges were reported in prior 10-Ks and are not double-counted here. | ||
| 2020-12-31 | divestiture_reduction | in_progress | 2020-10 | 2021-01 | China | International and Other | USD 6,200 (thousands) | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Definitive agreement signed in October 2020 to divest the Lotte Shanghai Foods Co., Ltd. joint venture (50%-owned and consolidated; operations taken out of service in 2018); sale completed in January 2021 for immaterial proceeds. Employee headcount impact not disclosed. The associated charge is a 2020 disposal-group long-lived asset impairment, not severance. | ||
| 2020-12-31 | divestiture_reduction | completed | 2020 | North America | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Sale of KRAVE Pure Foods, Inc. completed during the second quarter of 2020; proceeds and income-statement impact disclosed as immaterial. Employee headcount impact not disclosed. | |||||
| 2020-12-31 | divestiture_reduction | completed | 2020 | North America | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Sale of the Scharffen Berger and Dagoba brands completed during the second quarter of 2020; proceeds and income-statement impact disclosed as immaterial. Employee headcount impact not disclosed. | |||||
| 2020-12-31 | restructuring | in_progress | 350 | 2020-10-01 | 2022-06-30 | International (outside the United States) | International and Other | USD 29 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | International Optimization Program commenced Q4 2020 to streamline resources in select international markets, including optimizing the China operating model. Charge shown is 2020 recognized costs; total pre-tax program costs expected $50-75 million (cash $40-65 million), with workforce reductions of approximately 350 non-U.S. positions. Completion expected mid-2022. | |
| 2020-12-31 | restructuring | completed | 2017-01-01 | 2020-06-30 | Global | North America and International and Other (approximately 63% / 37%) | USD 2 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Margin for Growth Program (Board-approved January 2017) completed mid-2020; charge shown is 2020 recognized costs only. Employees affected not disclosed for the current year. | ||
| 2020-12-31 | divestiture_reduction | completed | 2020-04-01 | 2020-06-30 | United States | North America | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Divestitures of KRAVE Pure Foods, Inc. and the Scharffen Berger and Dagoba brands completed in Q2 2020; proceeds and income-statement impact described as immaterial. Headcount removed not disclosed. | |||
| 2020-12-31 | divestiture_reduction | completed | 2020-10-01 | 2021-01-31 | China | International and Other | USD 6 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Definitive agreement to divest the Lotte Shanghai Foods Co., Ltd. joint venture entered October 2020; sale completed January 2021 (after fiscal year-end, before filing date). Charge shown is the 2020 impairment to adjust disposal-group long-lived asset values. Headcount removed not disclosed. | ||
| 2020-12-31 | restructuring | in_progress | 350 | 2020-10-01 | 2022-06-30 | International (primarily China) | International and Other | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | International Optimization Program commenced in Q4 2020. Total pre-tax costs anticipated $50M-$75M. Workforce reductions of approx 350 positions outside US. | ||
| 2020-12-31 | restructuring | in_progress | Restructuring Charges [Member] | USD 18,503,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2020-12-31 | restructuring | in_progress | Cost of Sales [Member] | USD 2,209,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2020-12-31 | restructuring | in_progress | Selling, General and Administrative Expenses [Member] | USD 10,801,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2020-12-31 | restructuring | in_progress | USD 31,513,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | |||||||
| 2020-12-31 | restructuring | in_progress | Employee Severance [Member] / International Optimization Program [Member] | USD 18,977,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2020-12-31 | restructuring | in_progress | Other Restructuring [Member] / International Optimization Program [Member] | USD 10,366,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2020-12-31 | restructuring | in_progress | Employee Severance [Member] / Margin for Growth Program [Member] | USD -653,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2020-12-31 | restructuring | in_progress | Accelerated Depreciation and Amortization [Member] / Margin for Growth Program [Member] | USD 0 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2020-12-31 | restructuring | in_progress | Other Restructuring [Member] / Margin for Growth Program [Member] | USD 2,823,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2020-12-31 | restructuring | in_progress | Facility Closing [Member] / Operational Optimization Program [Member] | USD 0 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2020-12-31 | restructuring | in_progress | Other Restructuring [Member] / Operational Optimization Program [Member] | USD 0 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2020-12-31 | restructuring | in_progress | International Optimization Program [Member] | USD 29,343,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2020-12-31 | restructuring | in_progress | Margin for Growth Program [Member] | USD 2,170,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2020-12-31 | restructuring | in_progress | Segment Reconciling Items [Member] | USD 31,513,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2020-09-27 | restructuring | completed | 2017-01-01 | 2020-06-28 | Global | Corporate and Supply Chain | USD 2 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Margin for Growth Program completed in Q2 2020. YTD 2020 charges of $2.17M included severance and third-party costs. No employee count disclosed. | ||
| 2020-09-27 | restructuring | in_progress | Selling, General and Administrative Expenses [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2020-09-27 | restructuring | in_progress | Restructuring Charges [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2020-09-27 | restructuring | in_progress | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2020-09-27 | restructuring | in_progress | Employee Severance [Member] / Margin for Growth Program [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2020-09-27 | restructuring | in_progress | Other Restructuring [Member] / Margin for Growth Program [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2020-09-27 | restructuring | in_progress | Margin for Growth Program [Member] | USD 2,170,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2020-09-27 | restructuring | in_progress | Segment Reconciling Items [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2020-06-28 | restructuring | completed | 2017-01-01 | 2020-06-28 | Global | Global; costs relate approximately 63% North America, 37% International and Other | USD 2 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Program completed in Q2 2020; Q2 costs $1.275M, YTD $2.17M. Program-wide the filer states global workforce was reduced approximately 15% since 2017 approval; no quarterly employee-affected count disclosed. Severance liability balance $3.096M at quarter-end. | ||
| 2020-06-28 | divestiture_reduction | completed | 2020-06-28 | United States | North America segment — KRAVE Pure Foods, Inc.; Scharffen Berger and Dagoba brands | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Divestitures completed during Q2 2020; proceeds and income-statement impact described as immaterial. No headcount impact disclosed. | ||||
| 2020-06-28 | plant_closure | in_progress | 2018-04-01 | 2020-12-31 | China | International and Other — Lotte Shanghai Foods Co., Ltd. (LSFC) joint venture held for sale | USD 6 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | JV taken out of operation and classified held for sale in Q2 2018; $6.2M impairment to disposal group recorded in 2020. Sale expected to complete during 2020. No employee count disclosed. | ||
| 2020-06-28 | restructuring | completed | 15% | 2017-01-01 | 2020-06-28 | Global | Global workforce, majority hourly outside US | USD 2 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Margin for Growth Program completed in Q2 2020. Total program reduced global workforce by approx 15%. Q2 2020 charges were $1.3M; YTD 2020 charges were $2.2M. Total program charges were $347.7M. | |
| 2020-06-28 | restructuring | in_progress | Selling, General and Administrative Expenses [Member] | USD 2,645,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2020-06-28 | restructuring | in_progress | Restructuring Charges [Member] | USD -1,370,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2020-06-28 | restructuring | in_progress | USD 1,275,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2020-06-28 | restructuring | in_progress | Employee Severance [Member] / Margin for Growth Program [Member] | USD -1,410,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2020-06-28 | restructuring | in_progress | Other Restructuring [Member] / Margin for Growth Program [Member] | USD 2,685,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2020-06-28 | restructuring | in_progress | Margin for Growth Program [Member] | USD 1,275,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2020-06-28 | restructuring | in_progress | Segment Reconciling Items [Member] | USD 1,275,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2020-03-29 | restructuring | in_progress | 2017-01-01 | 2020-06-30 | Global | Corporate; supply chain; approximately 63% North America / 37% International and Other by cost | USD 1 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Board approved in Q1 2017; exact announcement date not disclosed. Q1 2020 severance $0.757M plus $0.138M other program costs ($0.895M total). Program has reduced global workforce by approximately 15% cumulatively since 2017; no employee count disclosed for the current quarter. Remaining spending expected to be minimal and completed in first half of 2020. | ||
| 2020-03-29 | plant_closure | in_progress | 2020-03 | United States (3 locations), Niagara Falls (Ontario), Singapore | International and Other — global retail operations (Hershey's Chocolate World stores) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Temporary COVID-19 closure of all Hershey's Chocolate World stores; no headcount quantified and no significant impact on Q1 2020 results per filer. Announcement month only disclosed. | ||||
| 2020-03-29 | restructuring | in_progress | 2017-01-01 | 2020-06-30 | Global | Corporate and Supply Chain | USD 1 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Margin for Growth Program. Q1 2020 charges of $0.9M include $0.76M severance and $0.14M other costs. Program originally approved Q1 2017; expected to complete in first half of 2020. Historical context: Program reduced global workforce by approx 15%. | ||
| 2020-03-29 | restructuring | in_progress | Selling, General and Administrative Expenses [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2020-03-29 | restructuring | in_progress | Restructuring Charges [Member] | USD 895,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2020-03-29 | restructuring | in_progress | USD 895,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2020-03-29 | restructuring | in_progress | Employee Severance [Member] / Margin for Growth Program [Member] | USD 757,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2020-03-29 | restructuring | in_progress | Other Restructuring [Member] / Margin for Growth Program [Member] | USD 138,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2020-03-29 | restructuring | in_progress | Margin for Growth Program [Member] | USD 895,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2020-03-29 | restructuring | in_progress | Segment Reconciling Items [Member] | USD 895,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2019-12-31 | restructuring | in_progress | 15% | 2017-02 | 2020-06-30 | Global | USD 9,238 (thousands) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Multi-year program begun February 2017. Fiscal 2019 charges of $9,238 thousand comprise $5,178 thousand severance and $4,060 thousand other program costs; program costs split about 63% North America and 37% International and Other. The ~15% global workforce reduction is cumulative since program inception, with the majority from hourly headcount positions outside the United States. Remaining spending expected to be minimal and completed in the first half of 2020; cumulative program charges to date were $345,534 thousand. | ||
| 2019-12-31 | restructuring | in_progress | 2017-02-01 | 2020-06-30 | Worldwide (North America and International) | Global supply chain and corporate operating model | USD 9 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Margin for Growth Program, a multi-year program approved in Q1 2017 (exact announcement date not disclosed). FY2019 charges of $9.238M comprise severance $5.178M and other program costs $4.060M; cumulative pre-tax charges since inception $345.5M, including $208.7M of 2017 China asset impairments. Program has reduced the global workforce by approximately 15% cumulatively; no FY2019-specific employee count disclosed. Remaining spending expected to be minimal and completed in H1 2020. Costs split ~63% North America / ~37% International and Other. | ||
| 2019-12-31 | acquisition_addition | completed | 2019-09-23 | 2019-09-23 | United States | North America | USD 402 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Purchase consideration of $402.160M funded with cash on hand and short-term borrowings; represents 5.1% of total assets at 2019-12-31 and 0.3% of FY2019 net sales. Headcount added through the acquisition is not disclosed. ONE Brands is expected to generate annualized net sales of approximately $100M. | ||
| 2019-12-31 | divestiture_reduction | in_progress | 2018-04-01 | 2020-06-30 | China | International and Other | USD 3 (millions) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Lotte Shanghai Foods Co., Ltd. (50% joint venture) and other select assets classified as held for sale in Q2 2018; FY2019 activity limited to a $2.725M impairment adjustment to the disposal group. Sale of the remaining business expected to complete in H1 2020. Headcount impact not disclosed. | ||
| 2019-12-31 | plant_closure | completed | 2019-12-01 | 2019-12-31 | Pennsylvania, United States | North America | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | In December 2019 the Company sold select Pennsylvania facilities and land for proceeds of approximately $27.6M, recognizing an $11.289M gain recorded in SM&A expense. No associated workforce reduction or headcount impact is disclosed. | |||
| 2019-12-31 | restructuring | in_progress | 2017-03-01 | 2020-06-30 | Global | Global | USD 9 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Margin for Growth Program. Total pre-tax charges incurred in 2019 were $9.2 million. Program originally estimated to reduce global workforce by approximately 15%. | ||
| 2019-12-31 | restructuring | in_progress | Cost of Sales [Member] | USD 0 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2019-12-31 | restructuring | in_progress | Selling, General and Administrative Expenses [Member] | USD 1,126,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2019-12-31 | restructuring | in_progress | Restructuring Charges [Member] | USD 8,112,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2019-12-31 | restructuring | in_progress | USD 9,238,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | |||||||
| 2019-12-31 | restructuring | in_progress | Employee Severance [Member] / Margin for Growth Program [Member] | USD 5,178,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2019-12-31 | restructuring | in_progress | Accelerated Depreciation and Amortization [Member] / Margin for Growth Program [Member] | USD 0 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2019-12-31 | restructuring | in_progress | Other Restructuring [Member] / Margin for Growth Program [Member] | USD 4,060,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2019-12-31 | restructuring | in_progress | Employee Severance [Member] / Operational Optimization Program [Member] | USD 0 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2019-12-31 | restructuring | in_progress | Facility Closing [Member] / Operational Optimization Program [Member] | USD 0 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2019-12-31 | restructuring | in_progress | Other Restructuring [Member] / Operational Optimization Program [Member] | USD 0 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2019-12-31 | restructuring | in_progress | Margin for Growth Program [Member] | USD 9,238,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2019-12-31 | restructuring | in_progress | Segment Reconciling Items [Member] | USD 9,238,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2019-09-29 | restructuring | in_progress | 2017 | Global | Global — costs reported as approximately 63% North America, 37% International and Other | USD 1,606 (thousands) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Margin for Growth Program, approved by the Board in Q1 2017; $1.6 million of costs recorded in Q3 2019 (severance, accelerated depreciation and third-party program costs). No employee count is disclosed for the current period; the filing states only that cumulative pre-tax charges since inception total $344.8 million and that the program previously reduced the global workforce by approximately 15%. Final initiatives expected to complete over the following months. | |||
| 2019-09-29 | acquisition_addition | completed | 2019-09-23 | 2019-09-23 | United States | North America | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of ONE Brands completed 2019-09-23 for $401.5 million consideration; acquisition-related costs were immaterial. No headcount added is disclosed in the filing. Announcement date not separately disclosed; completion date used. | |||
| 2019-09-29 | restructuring | in_progress | 2017-01-01 | Global | North America and International | USD 1,606 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Margin for Growth Program. Q3 2019 charges of $1.6M primarily for third-party services. Program reduced global workforce by ~15% historically; no specific headcount reduction disclosed for Q3 2019. | |||
| 2019-09-29 | acquisition_addition | completed | 2019-09-23 | 2019-09-23 | United States | North America | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Acquisition of ONE Brands, LLC completed Sept 23, 2019. Headcount added not explicitly disclosed. | |||
| 2019-09-29 | restructuring | in_progress | Cost of Sales [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2019-09-29 | restructuring | in_progress | Selling, General and Administrative Expenses [Member] | USD 466,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2019-09-29 | restructuring | in_progress | Restructuring Charges [Member] | USD 1,140,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2019-09-29 | restructuring | in_progress | USD 1,606,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2019-09-29 | restructuring | in_progress | Employee Severance [Member] / Margin for Growth Program [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2019-09-29 | restructuring | in_progress | Accelerated Depreciation and Amortization [Member] / Margin for Growth Program [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2019-09-29 | restructuring | in_progress | Other Restructuring [Member] / Margin for Growth Program [Member] | USD 1,606,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2019-09-29 | restructuring | in_progress | Facility Closing [Member] / Operational Optimization Program [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2019-09-29 | restructuring | in_progress | Other Restructuring [Member] / Operational Optimization Program [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2019-09-29 | restructuring | in_progress | Margin for Growth Program [Member] | USD 1,606,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2019-09-29 | restructuring | in_progress | Segment Reconciling Items [Member] | USD 1,606,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2019-06-30 | restructuring | in_progress | 2017 | Global | North America; International and Other | USD 6,378 (thousands) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Margin for Growth Program; Q2 2019 costs of $6,378 thousand (severance $5,823 thousand, other program costs $555 thousand); cumulative pre-tax charges of $343,157 thousand since 2017; program reduced global workforce by approximately 15% since inception; remaining spending expected to be minimal in 2019 | |||
| 2019-06-30 | restructuring | in_progress | 2017-01-01 | 2019-12-31 | Global | Corporate and Supply Chain | USD 6 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Margin for Growth Program. Q2 2019 charges of $6.4M include $5.8M severance. Program reduced global workforce by ~15% historically; final initiatives to be completed in 2019. | ||
| 2019-06-30 | restructuring | in_progress | Employee Severance [Member] / Margin for Growth Program [Member] | USD 5,823,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2019-06-30 | restructuring | in_progress | Accelerated Depreciation and Amortization [Member] / Margin for Growth Program [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2019-06-30 | restructuring | in_progress | Other Restructuring [Member] / Margin for Growth Program [Member] | USD 555,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2019-06-30 | restructuring | in_progress | Other Restructuring [Member] / Operational Optimization Program [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2019-06-30 | restructuring | in_progress | USD 6,378,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2019-06-30 | restructuring | in_progress | Margin for Growth Program [Member] | USD 6,378,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2019-06-30 | restructuring | in_progress | Cost of Sales [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2019-06-30 | restructuring | in_progress | Selling, General and Administrative Expenses [Member] | USD 238,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2019-06-30 | restructuring | in_progress | Restructuring Charges [Member] | USD 6,140,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2019-06-30 | restructuring | in_progress | Segment Reconciling Items [Member] | USD 6,378,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2019-03-31 | restructuring | in_progress | 2017-01-01 | 2019-12-31 | Global (approximately 60% North America, 40% International and Other) | Enterprise-wide; supply chain, corporate operating model, China operations | USD 484 (thousands) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Program approved by Board in Q1 2017; cumulative pre-tax charges of $336,779 thousand to date, including a historical global workforce reduction of approximately 15%. No employee-affected count disclosed for the current quarter; Q1 2019 charges of $484 thousand. Final initiatives expected to complete over approximately the next nine months; remaining 2019 spending expected to be minimal. | ||
| 2019-03-31 | acquisition_addition | completed | 2018-10-17 | 2018-10-17 | United States | North America segment — Pirate Brands (Pirate's Booty, Smart Puffs, Original Tings) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Pirate Brands from B&G Foods completed October 17, 2018 for $423,002 thousand; purchase price allocation finalized in Q4 2018. No headcount added disclosed. Included here for context only; no workforce addition quantified in this filing. | |||
| 2019-03-31 | restructuring | in_progress | 2017-03-01 | 2019-12-31 | Global | North America and International and Other | USD 0 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Margin for Growth Program. Filing states program reduced global workforce by approx 15% historically. Q1 2019 charges of $0.5M incurred. Final initiatives to be completed over approx next nine months. | ||
| 2019-03-31 | restructuring | in_progress | Employee Severance [Member] / Margin for Growth Program [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2019-03-31 | restructuring | in_progress | Accelerated Depreciation and Amortization [Member] / Margin for Growth Program [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2019-03-31 | restructuring | in_progress | Other Restructuring [Member] / Margin for Growth Program [Member] | USD 484,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2019-03-31 | restructuring | in_progress | Other Restructuring [Member] / Operational Optimization Program [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2019-03-31 | restructuring | in_progress | USD 484,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2019-03-31 | restructuring | in_progress | Margin for Growth Program [Member] | USD 484,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2019-03-31 | restructuring | in_progress | Cost of Sales [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2019-03-31 | restructuring | in_progress | Selling, General and Administrative Expenses [Member] | USD 422,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2019-03-31 | restructuring | in_progress | Restructuring Charges [Member] | USD 62,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2019-03-31 | restructuring | in_progress | Segment Reconciling Items [Member] | USD 484,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2018-12-31 | restructuring | in_progress | 15% | 2017 | 2019 | Global; majority of reductions from hourly positions outside the United States | Approximately 60% North America; 40% International and Other | USD 48 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Board-approved in Q1 2017. Cumulative pre-tax program charges of $336 million through FY2018, including $209 million China-related impairment charges and a $16 million incremental SGM-sale impairment; the $48 million figure is the cumulative employee-separation portion. FY2018-only program costs were $55 million, including $15.4 million of severance. The ~15% global workforce reduction is cumulative to date, not FY2018-only. Final initiatives expected to complete within roughly nine months of filing; remaining 2019 spend minimal (revised total estimate $340–355 million vs. original $375–425 million). Headcount in absolute terms not disclosed. | |
| 2018-12-31 | plant_closure | completed | 2016 | 2018 | China and North America | Production and supply chain network consolidation; approximately 40% North America; 60% International and Other | USD 3 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Program commenced Q2 2016 (facility consolidations; integration of China chocolate and SGM operations into a Golden Hershey platform) and was completed in 2018. FY2018 activity: $2.9 million of pre-tax third-party costs and a $6.6 million gain on sale of select China facilities taken out of service. No 2018 severance under this program (prior-year severance: $17.9 million in 2016, $13.8 million in 2017). 2018 pension settlement charges were triggered by lump-sum withdrawals under a voluntary separation plan within the program. Headcount affected not quantified. | ||
| 2018-12-31 | acquisition_addition | completed | 2017-12-17 | 2018-01-31 | United States | North America — better-for-you snacks (SkinnyPop, Oatmega, Paqui) | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Merger agreement dated December 17, 2017; acquisition completed January 31, 2018. Total consideration $968.8 million ($12.00 per share, $907.8 million for shares plus transaction-related costs); $915.5 million allocated to net assets after $53.3 million cash acquired. Employee headcount added through the acquisition is not disclosed. | |||
| 2018-12-31 | acquisition_addition | completed | 2018-09-12 | 2018-10-17 | United States | North America — snacks (Pirate's Booty, Smart Puffs, Original Tings) | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Asset purchase agreement dated September 12, 2018; completed October 17, 2018 with B&G Foods, Inc. for total consideration of $423.0 million, funded by short-term borrowings and cash on hand. Employee headcount added through the acquisition is not disclosed. | |||
| 2018-12-31 | divestiture_reduction | completed | 2018-07-05 | 2018-07-05 | Snacks (Tyrrells business) | other f5-10k / GLM-5.3-flash-HTML | Sold July 5, 2018 to focus on U.S. growth opportunities. Proceeds and impairment charges disclosed only on a combined basis with SGM: approximately $167.0 million net of cash divested, and $33.7 million of combined pre-tax impairment charges to write the two disposal groups down to sales value less costs to sell. Headcount transferred not disclosed. | ||||
| 2018-12-31 | divestiture_reduction | completed | 2018-07 | 2018-07 | China | International and Other — confectionery (Shanghai Golden Monkey) | other f5-10k / GLM-5.3-flash-HTML | Sold in July 2018; a $16.3 million incremental impairment charge resulting from the SGM sale is cited within the Margin for Growth Program disclosure. Proceeds disclosed only combined with Tyrrells (~$167.0 million net of cash divested; combined impairment charges $33.7 million — do not double count). Headcount transferred not disclosed. | |||
| 2018-12-31 | plant_closure | in_progress | 2018 | 2019-06 | China | International and Other — Lotte Shanghai Foods Co., Ltd. joint venture (50% controlling interest) | other f5-10k / GLM-5.3-flash-HTML | Joint venture taken out of operation and classified as held for sale in Q2 2018; a portion of its equipment sold in Q3/Q4 2018, with the remaining business sale expected by mid-2019. Included within the FY2018 $57.7 million of disposal-group long-lived asset impairment charges. Headcount affected not disclosed. | |||
| 2018-12-31 | restructuring | in_progress | 15% | 2017 | 2019-12-31 | Global | Global (costs/benefits split approximately 60% North America, 40% International and Other) | USD 55 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Charge is FY2018 only ($55,449 thousand total program costs, including $15,378 thousand severance). The ~15% global workforce reduction is cumulative since program inception in 2017, not current-year. Program originally estimated at $375-425M pre-tax for 2017-2019; $336M incurred to date, total now expected at $340-355M with remaining spend minimal in 2019. | |
| 2018-12-31 | restructuring | completed | 2016 | 2018-12-31 | China and North America | Manufacturing and supply chain (Golden Hershey platform integration) | USD 3 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Program completed in 2018. FY2018 pre-tax costs of $2,940 thousand were partly offset by a $6,562 thousand gain on sale of select China facilities taken out of service. Employees affected in 2018 not separately disclosed; program included workforce planning and facility consolidations. | ||
| 2018-12-31 | acquisition_addition | completed | 2017-12-17 | 2018-01-31 | United States | North America (snacks portfolio — SkinnyPop, Oatmega, Paqui) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of all outstanding shares completed 2018-01-31 for total consideration of $968,781 thousand; headcount added not disclosed. Acquisition-related costs of $20,577 thousand recorded in SM&A. Announcement date is the merger agreement date. | |||
| 2018-12-31 | acquisition_addition | completed | 2018-09-12 | 2018-10-17 | United States | North America (Pirate's Booty, Smart Puffs, Original Tings) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Purchase consideration of $423,002 thousand funded with short-term borrowings and cash; headcount added not disclosed. Announcement date is the asset purchase agreement date. Expected annualized net sales of ~$90 million in 2019. | |||
| 2018-12-31 | divestiture_reduction | completed | 2018-07-31 | China (SGM) and international (Tyrrells) | International and Other | USD 34 (millions) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | SGM and Tyrrells businesses both sold in July 2018; combined proceeds net of cash divested of ~$167,048 thousand. Associated charge is the impairment recorded to write disposal groups down to sales value less costs to sell, not severance. Headcount removed not disclosed. Announcement date not stated in filing. | |||
| 2018-12-31 | divestiture_reduction | in_progress | 2018-06-30 | 2019-06-30 | China | International and Other — Lotte Shanghai Foods Co., Ltd. joint venture (50% owned) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Joint venture taken out of operation and classified as held for sale in Q2 2018; some equipment sold in Q3/Q4 2018, remaining business expected sold by mid-2019. Announcement date approximated to quarter of held-for-sale classification; headcount not disclosed. | |||
| 2018-12-31 | restructuring | in_progress | 2017-03-01 | 2019-09-30 | Global | Global | USD 55 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Margin for Growth Program. Total global workforce reduced by approx 15% over program life. 2018 charges included employee severance and other costs. Specific headcount affected in 2018 not disclosed. | ||
| 2018-12-31 | restructuring | completed | 2016-06-01 | 2018-12-31 | Global | Supply Chain | USD 3 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Operational Optimization Program. Completed in 2018. 2018 costs related primarily to third-party charges. Specific headcount affected in 2018 not disclosed. | ||
| 2018-12-31 | restructuring | in_progress | Employee Severance [Member] / Margin for Growth Program [Member] | USD 15,378,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2018-12-31 | restructuring | in_progress | Accelerated Depreciation and Amortization [Member] / Margin for Growth Program [Member] | USD 9,131,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2018-12-31 | restructuring | in_progress | Other Restructuring [Member] / Margin for Growth Program [Member] | USD 30,940,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2018-12-31 | restructuring | in_progress | Employee Severance [Member] / Operational Optimization Program [Member] | USD 0 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2018-12-31 | restructuring | in_progress | Facility Closing [Member] / Operational Optimization Program [Member] | USD -6,562,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2018-12-31 | restructuring | in_progress | Accelerated Depreciation and Amortization [Member] / Operational Optimization Program [Member] | USD 0 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2018-12-31 | restructuring | in_progress | Other Restructuring [Member] / Operational Optimization Program [Member] | USD 2,940,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2018-12-31 | restructuring | in_progress | Other Restructuring [Member] / Productivity Initiative 2015 [Member] | USD 0 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2018-12-31 | restructuring | in_progress | USD 51,827,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | |||||||
| 2018-12-31 | restructuring | in_progress | Margin for Growth Program [Member] | USD 55,449,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2018-12-31 | restructuring | in_progress | Cost of Sales [Member] | USD 11,323,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2018-12-31 | restructuring | in_progress | Selling, General and Administrative Expenses [Member] | USD 21,401,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2018-12-31 | restructuring | in_progress | Restructuring Charges [Member] | USD 19,103,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2018-12-31 | restructuring | in_progress | Segment Reconciling Items [Member] | USD 51,827,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2018-09-30 | restructuring | in_progress | Global (program costs/benefits approximately 65% North America, 35% International and Other) | Company-wide — supply chain optimization, streamlined operating model, reduced administrative expenses | USD 12,635 (thousands) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Board-approved during first quarter 2017; exact announcement date not disclosed. Program expected to reduce global workforce by approximately 15%, mostly hourly positions outside the U.S.; no affected-employee count given. Charge shown is nine-months 2018 severance (Q3 2018 severance was $5,573 thousand). Program-to-date pre-tax charges total $327,265 thousand (including $208,712 thousand China impairment); remaining costs estimated at $13,000–$28,000 thousand. Final initiatives expected to complete over the next six to twelve months from filing date. | ||||
| 2018-09-30 | restructuring | in_progress | China and North America | Production and supply chain network; China chocolate and Shanghai Golden Monkey operations; North America workforce planning | USD 2,813 (thousands) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Commenced second quarter 2016; exact announcement date not disclosed. Charge is nine-months 2018 pre-tax program costs (Q3 2018: $1,077 thousand), which include a $6,562 thousand gain on sale of select China facilities. Program described as substantially completed; no employee counts disclosed. | ||||
| 2018-09-30 | acquisition_addition | completed | 2018-01-31 | United States (Austin, Texas) | North America segment — better-for-you snack brands (SkinnyPop, Oatmega, Paqui, Tyrrells) | USD 36,413 (thousands) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Amplify Snack Brands, Inc. closed January 31, 2018; headcount added not disclosed. Charge shown is nine-months 2018 acquisition-related costs (legal, consultant, valuation fees, severance and integration), of which $20,577 thousand related to deal costs. | |||
| 2018-09-30 | divestiture_reduction | completed | 2018-07-05 | United Kingdom | International and Other segment — Tyrrells snack business | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Tyrrells sold July 5, 2018 to focus on U.S. growth opportunities; headcount removed not disclosed. Combined Tyrrells and Shanghai Golden Monkey proceeds, net of cash divested, were approximately $171,950 thousand, with $28,817 thousand of impairment charges recorded to adjust disposal-group carrying values. | ||||
| 2018-09-30 | divestiture_reduction | completed | China | International and Other segment — Shanghai Golden Monkey business | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Shanghai Golden Monkey business sold in July 2018 (exact date not disclosed); headcount removed not disclosed. Included within the $28,817 thousand impairment charge and approximately $171,950 thousand combined proceeds noted for the Tyrrells/SGM sales. | |||||
| 2018-09-30 | other | announced | 2018-09-30 | 2019-12-31 | United States (Pennsylvania) | Select Pennsylvania facilities and land | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Select Pennsylvania facilities and land met held-for-sale criteria during Q3 2018; expected to be sold by end of 2019. No workforce reduction or headcount impact disclosed. Assets held for sale totaled $43,829 thousand at September 30, 2018. | |||
| 2018-09-30 | acquisition_addition | announced | 2018-10-17 | 2018-10-17 | United States | North America — Pirate Brands (Pirate's Booty, Smart Puffs, Original Tings) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Post-quarter acquisition completed October 17, 2018 for approximately $420,000 thousand, funded with short-term borrowings and cash; expected annualized net sales of approximately $90,000 thousand. Headcount added not disclosed; purchase price allocation in process. | |||
| 2018-09-30 | restructuring | in_progress | 15% | 2017-01-01 | Global | Hourly headcount positions outside of the United States | USD 12,635 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Margin for Growth Program. Filer states implementation will reduce global workforce by approximately 15%, majority from hourly headcount outside US. Q3 2018 severance charge was $12.6 million. Total program estimated to reduce workforce by 15%. | ||
| 2018-09-30 | acquisition_addition | completed | 2018-01-31 | United States | North America | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Acquisition of Amplify Snack Brands, Inc. completed Jan 31, 2018. Headcount not explicitly disclosed. | ||||
| 2018-09-30 | divestiture_reduction | completed | 2018-07-01 | China, United Kingdom | International and Other | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Sale of Tyrrells and Shanghai Golden Monkey businesses completed in July 2018. Headcount not explicitly disclosed. | ||||
| 2018-09-30 | restructuring | in_progress | USD 11,423,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2018-09-30 | restructuring | in_progress | Segment Reconciling Items [Member] | USD 11,423,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2018-09-30 | restructuring | in_progress | Cost of Sales [Member] | USD 4,565,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2018-09-30 | restructuring | in_progress | Restructuring Charges [Member] | USD 2,260,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2018-09-30 | restructuring | in_progress | Selling, General and Administrative Expenses [Member] | USD 4,598,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2018-09-30 | restructuring | in_progress | Accelerated Depreciation and Amortization [Member] / Margin for Growth Program [Member] | USD 4,786,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2018-09-30 | restructuring | in_progress | Employee Severance [Member] / China Structure Optimization [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2018-09-30 | restructuring | in_progress | Employee Severance [Member] / Margin for Growth Program [Member] | USD 5,573,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2018-09-30 | restructuring | in_progress | Facility Closing [Member] / China Structure Optimization [Member] | USD -6,562,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2018-09-30 | restructuring | in_progress | Other Restructuring [Member] / China Structure Optimization [Member] | USD 1,077,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2018-09-30 | restructuring | in_progress | Other Restructuring [Member] / Margin for Growth Program [Member] | USD 6,549,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2018-09-30 | restructuring | in_progress | China Structure Optimization [Member] | USD 1,077,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2018-09-30 | restructuring | in_progress | Margin for Growth Program [Member] | USD 16,908,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2018-07-01 | restructuring | in_progress | 2017-01-01 | 2019-12-31 | Global | Enterprise-wide | USD 14,658 (thousands) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Margin for Growth program; Q2 2018 charges of $14,658 thousand (YTD $29,511 thousand). Program estimated to reduce global workforce by approximately 15%; no absolute headcount affected disclosed. Includes severance, accelerated depreciation and third-party costs. | ||
| 2018-07-01 | restructuring | in_progress | 2016-04-01 | 2018-12-31 | United States; China | Manufacturing / supply chain | USD 638 (thousands) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | 2016 Operational Optimization Program; Q2 2018 pre-tax costs of $638 thousand (YTD $1,736 thousand). Additional cash costs of approximately $7,000 thousand expected over the next six months for remaining facility consolidations; no employee counts disclosed. | ||
| 2018-07-01 | divestiture_reduction | completed | 2018-01-31 | 2018-07-05 | United Kingdom | International and Other — Tyrrells business | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Tyrrells business acquired via Amplify in January 2018 was sold July 5, 2018 to focus on U.S. growth; part of the $27,168 thousand Q2 impairment charge on disposal groups. Headcount impact not disclosed. | |||
| 2018-07-01 | divestiture_reduction | completed | 2018-04-01 | 2018-07-24 | China | International and Other — Shanghai Golden Monkey business | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | SGM business met held-for-sale criteria in Q2 2018; sale completed July 24, 2018 (subsequent event). Included in the $27,168 thousand Q2 long-lived asset impairment charge. Headcount impact not disclosed. | |||
| 2018-07-01 | restructuring | in_progress | 15% | 2017-01-01 | 2019-12-31 | Global | Global | USD 14,658 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Margin for Growth Program. Filer states program will reduce global workforce by approximately 15%. Q2 2018 charges of $14.7M include severance and other costs. Total estimated pre-tax charges $375M-$425M from 2017-2019. | |
| 2018-07-01 | restructuring | in_progress | 2016-04-01 | China and North America | Supply Chain and Manufacturing | USD 638 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Operational Optimization Program. Q2 2018 charges of $0.6M primarily for third-party charges. Program includes facility consolidations in China and North America. | |||
| 2018-07-01 | restructuring | in_progress | USD 15,296,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2018-07-01 | restructuring | in_progress | Segment Reconciling Items [Member] | USD 15,296,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2018-07-01 | restructuring | in_progress | Cost of Sales [Member] | USD 7,322,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2018-07-01 | restructuring | in_progress | Restructuring Charges [Member] | USD 980,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2018-07-01 | restructuring | in_progress | Selling, General and Administrative Expenses [Member] | USD 6,994,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2018-07-01 | restructuring | in_progress | Accelerated Depreciation and Amortization [Member] / Margin for Growth Program [Member] | USD 6,527,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2018-07-01 | restructuring | in_progress | Employee Severance [Member] / China Structure Optimization [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2018-07-01 | restructuring | in_progress | Employee Severance [Member] / Margin for Growth Program [Member] | USD 3,014,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2018-07-01 | restructuring | in_progress | Other Restructuring [Member] / China Structure Optimization [Member] | USD 638,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2018-07-01 | restructuring | in_progress | Other Restructuring [Member] / Margin for Growth Program [Member] | USD 5,117,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2018-07-01 | restructuring | in_progress | China Structure Optimization [Member] | USD 638,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2018-07-01 | restructuring | in_progress | Margin for Growth Program [Member] | USD 14,658,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2018-04-01 | restructuring | in_progress | 2017-01-01 | 2019-12-31 | Global | Global workforce; majority of reductions from hourly positions outside the United States | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Program approved by Board in Q1 2017; estimated total pre-tax charges of $375,000–$425,000 thousand for 2017–2019, including employee separation costs of $80,000–$100,000 thousand. Expected to reduce global workforce by approximately 15%. Q1 2018 severance charges were $4,048 thousand. No specific employee count disclosed. | |||
| 2018-04-01 | restructuring | in_progress | 2016-04-01 | 2018-12-31 | China and North America | Production and supply chain; China chocolate and SGM operations, North America workforce planning | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q1 2018 pre-tax costs of $1,098 thousand, primarily third-party charges. Q1 2017 costs of $12,599 thousand included employee severance for North America workforce planning. Additional cash costs of approximately $7,700 thousand expected over the following nine months to complete facility consolidations. No employee count disclosed. | |||
| 2018-04-01 | acquisition_addition | completed | 2018-01-31 | 2018-01-31 | United States (Austin, Texas) | North America segment — better-for-you snack brands (SkinnyPop, Oatmega, Paqui, Tyrrells) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition completed January 31, 2018; total consideration $968,781 thousand. No headcount added disclosed in the filing. | |||
| 2018-04-01 | divestiture_reduction | in_progress | 2017-01-01 | 2018-12-31 | China | Select China facilities taken out of operation; classified as held for sale | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Select China facilities classified as held for sale during Q1 2017 under the 2016 Operational Optimization Program; sale expected to complete before end of 2018. No headcount disclosed. | |||
| 2018-04-01 | divestiture_reduction | in_progress | 2018-01-01 | 2018-12-31 | International (outside U.S.) | Licensing rights for a non-core trademark; portion of Amplify business | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Two disposal groups met held-for-sale criteria in Q1 2018: non-core trademark licensing rights (sale completed April 2018) and a portion of the Amplify business. No headcount disclosed. | |||
| 2018-04-01 | restructuring | in_progress | 15% | 2017-01-01 | 2019-12-31 | Global | Global | USD 4 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Margin for Growth Program. Filer states program will reduce global workforce by approximately 15%. Q1 2018 severance charges were $4.0 million. Total program charges estimated at $375-$425 million from 2017-2019. | |
| 2018-04-01 | restructuring | in_progress | 2016-04-01 | 2018-12-31 | China and North America | Supply Chain and Operations | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Operational Optimization Program. Includes facility consolidations and workforce planning. Q1 2018 incurred $1.1 million in pre-tax costs. No specific headcount reduction disclosed for this quarter. | |||
| 2018-04-01 | restructuring | in_progress | USD 15,951,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2018-04-01 | restructuring | in_progress | Segment Reconciling Items [Member] | USD 15,951,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2018-04-01 | restructuring | in_progress | Cost of Sales [Member] | USD 2,214,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2018-04-01 | restructuring | in_progress | Restructuring Charges [Member] | USD 8,224,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2018-04-01 | restructuring | in_progress | Selling, General and Administrative Expenses [Member] | USD 5,513,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2018-04-01 | restructuring | in_progress | Accelerated Depreciation and Amortization [Member] / Margin for Growth Program [Member] | USD 717,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2018-04-01 | restructuring | in_progress | Employee Severance [Member] / China Structure Optimization [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2018-04-01 | restructuring | in_progress | Employee Severance [Member] / Margin for Growth Program [Member] | USD 4,048,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2018-04-01 | restructuring | in_progress | Other Restructuring [Member] / China Structure Optimization [Member] | USD 1,098,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2018-04-01 | restructuring | in_progress | Other Restructuring [Member] / Margin for Growth Program [Member] | USD 10,088,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2018-04-01 | restructuring | in_progress | China Structure Optimization [Member] | USD 1,098,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2017-12-31 | restructuring | in_progress | 15% | 2017-02 | 2019-12-31 | Global (costs approximately 45% North America, 55% International and Other) | Enterprise-wide — supply chain, operating model, administrative functions | USD 33 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Board-approved February 2017. Program estimated to produce total pre-tax charges of $375M–$425M over 2017–2019 (cash portion $150M–$175M) and ongoing annual savings of $150M–$175M; the 15% figure is the expected program-level global workforce reduction, not actual 2017 separations. 2017 severance was $32.6M; 2017 also included $208.7M of long-lived asset impairment ($106.0M intangibles, $102.7M PP&E) tied to China manufacturing optimization, plus $6.9M accelerated depreciation and $16.4M other program costs. Program includes plant and office closures estimated at $100M–$115M. | |
| 2017-12-31 | restructuring | in_progress | 2016-06 | China and North America | Operations — production and supply chain network optimization, facility consolidations | USD 14 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Program commenced in the second quarter of 2016; only current-year activity extracted. FY2017 pre-tax costs totaled $13.5M, primarily employee severance for North America workforce planning (severance line $13.8M, offset by $0.3M other credits). Approximately $8M of additional cash costs expected over the following twelve months to complete facility consolidations. Cumulative program costs split approximately 35% North America / 65% International and Other. | |||
| 2017-12-31 | acquisition_addition | completed | 2017-12-17 | 2018-01-31 | United States (Austin, Texas) | Snacks — better-for-you portfolio (SkinnyPop, Oatmega, Paqui, Tyrrells) | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Amplify Snack Brands, Inc. completed January 31, 2018 for approximately $908M ($12.00 per share), funded with borrowings under a new $1.5B revolving credit facility entered into January 8, 2018; approximately $607M repaid Amplify debt. Expected 2018 post-acquisition net sales of $375M–$385M. Acquired headcount not disclosed; purchase price allocation in process. | |||
| 2017-12-31 | restructuring | in_progress | 15% | 2017-02-01 | 2019-12-31 | Global | All segments | USD 375 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Margin for Growth Program. Expected to reduce global workforce by approximately 15%. Total pre-tax charges estimated at $375M-$425M from 2017-2019. 2017 charges included $32.6M severance. | |
| 2017-12-31 | restructuring | in_progress | 2016-04-01 | North America and China | Supply Chain and Manufacturing | USD 14 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Operational Optimization Program. 2017 costs of $13.5M primarily related to employee severance in North America. | |||
| 2017-12-31 | restructuring | in_progress | USD 69,359,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | |||||||
| 2017-12-31 | restructuring | in_progress | Segment Reconciling Items [Member] | USD 69,359,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2017-12-31 | restructuring | in_progress | Mauna Loa Macadamia Nut Corporation [Member] | USD 0 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2017-12-31 | restructuring | in_progress | Cost of Sales [Member] | USD 5,147,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2017-12-31 | restructuring | in_progress | Restructuring Charges [Member] | USD 47,763,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2017-12-31 | restructuring | in_progress | Selling, General and Administrative Expenses [Member] | USD 16,449,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2017-12-31 | restructuring | in_progress | Accelerated Depreciation and Amortization [Member] / China Structure Optimization [Member] | USD 0 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2017-12-31 | restructuring | in_progress | Accelerated Depreciation and Amortization [Member] / Margin for Growth Program [Member] | USD 6,873,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2017-12-31 | restructuring | in_progress | Accelerated Depreciation and Amortization [Member] / Other International Restructuring Programs [Member] | USD 0 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2017-12-31 | restructuring | in_progress | Pension Settlement Charge [Member] / Productivity Initiative 2015 [Member] | USD 0 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2017-12-31 | restructuring | in_progress | Employee Severance [Member] / China Structure Optimization [Member] | USD 13,828,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2017-12-31 | restructuring | in_progress | Employee Severance [Member] / Margin for Growth Program [Member] | USD 32,554,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2017-12-31 | restructuring | in_progress | Employee Severance [Member] / Other International Restructuring Programs [Member] | USD 0 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2017-12-31 | restructuring | in_progress | Employee Severance [Member] / Productivity Initiative 2015 [Member] | USD 0 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2017-12-31 | restructuring | in_progress | Other Restructuring [Member] / China Structure Optimization [Member] | USD -303,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2017-12-31 | restructuring | in_progress | Other Restructuring [Member] / Margin for Growth Program [Member] | USD 16,407,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2017-12-31 | restructuring | in_progress | Other Restructuring [Member] / Productivity Initiative 2015 [Member] | USD 0 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2017-12-31 | restructuring | in_progress | China Structure Optimization [Member] | USD 13,525,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2017-10-01 | restructuring | in_progress | 15% | 2017-02 | 2019 | Global | Global workforce; program costs weighted ~45% North America / ~55% International and Other for the nine months ended October 1, 2017 | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Board-approved Feb 2017; total pre-tax charges estimated $375M-$425M over three years, including employee separation costs of $80M-$100M (cash portion of total charge $175M-$200M); expected to reduce global workforce by approximately 15%, mostly hourly roles outside the U.S.; ongoing annual savings of $150M-$175M expected at 2019 conclusion. Employee severance recognized: $2,876K in Q3 2017 and $33,331K YTD 2017. No absolute headcount affected disclosed. | ||
| 2017-10-01 | restructuring | in_progress | 2016 | China and North America | Production and supply chain; China chocolate/SGM operations into Golden Hershey platform, workforce planning in North America | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Commenced Q2 2016; nine months 2017 costs of $13,279K primarily employee severance, plus $368K in Q3 2017; additional cash costs of approximately $9,000K expected over the next 18 months. No employee counts disclosed. | ||||
| 2017-10-01 | plant_closure | in_progress | 2017-03 | China | International and Other — manufacturing | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | In Q1 2017, select China facilities taken out of operation under the Operational Optimization Program were reclassified ($20,303K book value of PP&E and land use rights to prepaid/other current assets) and are being marketed for sale; associated headcount not disclosed. | ||||
| 2017-10-01 | restructuring | in_progress | 15% | 2017-02-01 | 2019-12-31 | Global | Global | USD 375 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Margin for Growth Program approved Feb 2017. Expected to reduce global workforce by approx 15%, majority from hourly headcount outside US. Total pre-tax charges estimated $375M-$425M over three years. | |
| 2017-10-01 | restructuring | in_progress | 2016-04-01 | North America | North America | USD 13,279 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Operational Optimization Program. YTD 2017 costs of $13.3M primarily related to employee severance in North America. Expected additional cash costs of approx $9M over next 18 months. | |||
| 2017-10-01 | restructuring | in_progress | USD 8,257,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2017-10-01 | restructuring | in_progress | Segment Reconciling Items [Member] | USD 8,257,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2017-10-01 | restructuring | in_progress | Cost of Sales [Member] | USD 213,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2017-10-01 | restructuring | in_progress | Restructuring Charges [Member] | USD 4,020,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2017-10-01 | restructuring | in_progress | Selling, General and Administrative Expenses [Member] | USD 4,024,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2017-10-01 | restructuring | in_progress | Accelerated Depreciation and Amortization [Member] / China Structure Optimization [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2017-10-01 | restructuring | in_progress | Accelerated Depreciation and Amortization [Member] / Margin for Growth Program [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2017-10-01 | restructuring | in_progress | Pension Settlement Charge [Member] / Productivity Initiative 2015 [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2017-10-01 | restructuring | in_progress | Employee Severance [Member] / China Structure Optimization [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2017-10-01 | restructuring | in_progress | Employee Severance [Member] / Margin for Growth Program [Member] | USD 2,876,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2017-10-01 | restructuring | in_progress | Employee Severance [Member] / Productivity Initiative 2015 [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2017-10-01 | restructuring | in_progress | Other Restructuring [Member] / China Structure Optimization [Member] | USD 368,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2017-10-01 | restructuring | in_progress | Other Restructuring [Member] / Margin for Growth Program [Member] | USD 5,013,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2017-10-01 | restructuring | in_progress | Other Restructuring [Member] / Productivity Initiative 2015 [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2017-10-01 | restructuring | in_progress | China Structure Optimization [Member] | USD 368,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2017-07-02 | restructuring | in_progress | 15% | 2017-02 | 2019 | Global | Global workforce; majority of reductions expected to be hourly positions outside the United States | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Board-approved February 2017 program expected to reduce global workforce by approximately 15%. Total pre-tax charges estimated at $375M-$425M over three years (cash portion $175M-$200M); ongoing annual savings of $150M-$175M expected upon 2019 conclusion. Includes a China manufacturing optimization initiative that triggered a $208.7M long-lived asset impairment in Q1 2017 ($105.992M intangibles, $102.720M PP&E). Severance of $0.888M in Q2 2017 and $30.455M in the first six months of 2017; employee-related exit/disposal liability of $43.751M at period end. No absolute employee count disclosed. | ||
| 2017-07-02 | restructuring | in_progress | 2016 | China and North America | Manufacturing and supply chain (Golden Hershey platform integration, facility consolidations, workforce planning) | USD 9 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Commenced in the second quarter of 2016; approximately $9M of additional cash costs expected over the next two years to complete. Costs of $0.312M in Q2 2017 and $12.911M in the first six months of 2017, primarily employee severance tied to North America workforce planning. In Q1 2017, $20.303M of China PP&E and land use rights for facilities taken out of operation were reclassified to prepaid/other current assets and are being marketed for sale. No employee count disclosed. | |||
| 2017-07-02 | restructuring | in_progress | 15% | 2017-02-01 | 2019-12-31 | Global | Global | USD 375 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Margin for Growth Program announced Feb 2017. Expected to reduce global workforce by approx 15%, majority from hourly headcount outside US. Total pre-tax charges estimated $375M-$425M over 3 years. Severance costs estimated $80M-$100M. | |
| 2017-07-02 | restructuring | in_progress | USD 14,454,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2017-07-02 | restructuring | in_progress | Segment Reconciling Items [Member] | USD 14,454,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2017-07-02 | restructuring | in_progress | Cost of Sales [Member] | USD 5,772,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2017-07-02 | restructuring | in_progress | Restructuring Charges [Member] | USD 1,981,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2017-07-02 | restructuring | in_progress | Selling, General and Administrative Expenses [Member] | USD 6,701,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2017-07-02 | restructuring | in_progress | Accelerated Depreciation and Amortization [Member] / China Structure Optimization [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2017-07-02 | restructuring | in_progress | Accelerated Depreciation and Amortization [Member] / Margin for Growth [Member] | USD 6,873,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2017-07-02 | restructuring | in_progress | Pension Settlement Charge [Member] / Productivity Initiative 2015 [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2017-07-02 | restructuring | in_progress | Employee Severance [Member] / China Structure Optimization [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2017-07-02 | restructuring | in_progress | Employee Severance [Member] / Margin for Growth Program [Member] | USD 888,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2017-07-02 | restructuring | in_progress | Employee Severance [Member] / Productivity Initiative 2015 [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2017-07-02 | restructuring | in_progress | Other Restructuring [Member] / China Structure Optimization [Member] | USD 312,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2017-07-02 | restructuring | in_progress | Other Restructuring [Member] / Margin for Growth [Member] | USD 6,381,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2017-07-02 | restructuring | in_progress | Other Restructuring [Member] / Productivity Initiative 2015 [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2017-07-02 | restructuring | in_progress | China Structure Optimization [Member] | USD 312,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2017-07-02 | restructuring | in_progress | Accelerated Depreciation and Amortization [Member] / Margin for Growth Program [Member] | USD 6,873,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2017-07-02 | restructuring | in_progress | Employee Severance [Member] / Margin for Growth [Member] | USD 30,455,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2017-04-02 | restructuring | in_progress | 15% | 2017-02 | 2019 | Global (costs/benefits split approximately 20% North America, 80% International and Other) | Enterprise-wide; supply chain, operating model and administrative functions | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Board-approved February 2017 program to run through 2019. Estimated total pre-tax charges of $375M-$425M over three years, including employee separation costs of $80M-$100M, plant/office closure costs of $100M-$115M, net intangible impairment of $100M-$110M, contract terminations of ~$25M and other realignment costs of $70M-$75M; cash portion estimated at $175M-$200M. Expects global workforce reduction of approximately 15%, mostly hourly positions outside the United States. Q1 2017 severance and related charges of $29.567M recognized; $208.712M long-lived asset impairment (China asset group) recorded in Q1 2017. No absolute headcount affected disclosed. | ||
| 2017-04-02 | restructuring | in_progress | 2016 | China and North America | Production and supply chain network; China chocolate and SGM operations integration into Golden Hershey platform | USD 13 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Program commenced in Q2 2016 and remains in progress. The $12.599M figure is the Q1 2017 recognized cost, primarily employee severance for North America workforce planning — not a total program cost. Company expects approximately $8M of additional cash costs over the next two years to complete the program. In Q1 2017, PP&E and land use rights with $20.303M book value (select China facilities taken out of operation and being marketed for sale) were reclassified to prepaid and other current assets. No employee counts disclosed. | |||
| 2017-04-02 | restructuring | in_progress | 15% | 2017-02-01 | 2019-12-31 | Global | Global | USD 375 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Margin for Growth Program. Total pre-tax charges estimated $375M-$425M over three years. Includes plant/office closures, intangible asset impairments, employee separations, and contract terminations. Majority of reductions from hourly headcount outside US. | |
| 2017-04-02 | restructuring | in_progress | 2016-04-01 | 2019-04-02 | North America and China | Supply Chain and Operations | USD 13 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Operational Optimization Program. Costs recognized in Q1 2017 primarily related to employee severance in North America. Expected additional cash costs of approx $8M over next two years. | ||
| 2017-04-02 | restructuring | in_progress | USD 46,988,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2017-04-02 | restructuring | in_progress | Segment Reconciling Items [Member] | USD 46,988,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2017-04-02 | restructuring | in_progress | Cost of Sales [Member] | USD 490,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2017-04-02 | restructuring | in_progress | Restructuring Charges [Member] | USD 44,017,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2017-04-02 | restructuring | in_progress | Selling, General and Administrative Expenses [Member] | USD 2,481,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2017-04-02 | restructuring | in_progress | Employee Severance [Member] / China Structure Optimization [Member] | USD 13,828,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2017-04-02 | restructuring | in_progress | Employee Severance [Member] / Margin for Growth [Member] | USD 29,567,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2017-04-02 | restructuring | in_progress | Employee Severance [Member] / Margin for Growth Program [Member] | USD 29,567,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2017-04-02 | restructuring | in_progress | Employee Severance [Member] / Productivity Initiative 2015 [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2017-04-02 | restructuring | in_progress | One-time Termination Benefits [Member] / Productivity Initiative 2015 [Member] | USD 13,669,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2017-04-02 | restructuring | in_progress | Other Restructuring [Member] / China Structure Optimization [Member] | USD -1,229,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2017-04-02 | restructuring | in_progress | Other Restructuring [Member] / Margin for Growth [Member] | USD 4,822,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2017-04-02 | restructuring | in_progress | Other Restructuring [Member] / Productivity Initiative 2015 [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2017-04-02 | restructuring | in_progress | China Structure Optimization [Member] | USD 12,599,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2016-12-31 | restructuring | in_progress | China and North America | Operations and supply chain (facility consolidations) | USD 88 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Operational Optimization Program commenced in Q2 2016; $88.3M pre-tax costs incurred to date, all within FY2016 (severance $17.9M, accelerated depreciation $48.6M, other program costs $21.8M). Costs relate approximately 25% to North America and 75% to International and Other. No employees-affected count disclosed; approximately $37M of additional cash costs expected over the following two years, with roughly $52M of annual savings targeted by 2018. Includes exit of a Canadian facility and withdrawal from a Canadian multiemployer pension plan. | ||||
| 2016-12-31 | restructuring | completed | Primarily North America | Corporate organizational structure | USD 19 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2015 Productivity Initiative, announced mid-2015, completed during Q3 2016. FY2016 charges of $19.3M comprise pension settlement charges ($13.7M) plus severance adjustments and third-party costs ($5.6M). The net reduction of approximately 300 positions occurred in FY2015 and is not extracted here; total program cost of $125.0M is cumulative since inception. | ||||
| 2016-12-31 | acquisition_addition | completed | 2016-04-26 | United States | Confectionery snacking (barkTHINS brand) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of all outstanding shares of Ripple Brand Collective, LLC (barkTHINS) completed April 26, 2016 for $285.4M net of cash acquired; headcount added through the acquisition is not disclosed. Contributed approximately $35.6M of net sales in FY2016. | ||||
| 2016-12-31 | other | completed | 2016-12 | Unionized workforce | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | New six-year collective bargaining agreement ratified in December 2016 covering a significant portion of the unionized workforce (5,630 employees covered by CB agreements overall). Filing does not state the number of employees covered by this specific agreement or its geography; agreements for three non-U.S. facilities, about 69% of CB-covered employees, were still to be negotiated during 2017. | |||||
| 2016-12-31 | restructuring | in_progress | 2016-04-01 | 2018-12-31 | Global | Production and Supply Chain | USD 88 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Operational Optimization Program commenced in Q2 2016. Includes facility consolidations and workforce planning. $88.3M incurred to date. Expected annual savings of $52M by 2018. Employee count not explicitly disclosed for this specific program in the filing. | ||
| 2016-12-31 | restructuring | completed | 300 | 2015-06-01 | 2016-09-30 | Global | Corporate and Administrative | USD 19 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | 2015 Productivity Initiative. Net reduction of approximately 300 positions. Completed in Q3 2016. $19.3M incurred in 2016 (pension settlements, severance adjustments, third-party costs). | |
| 2016-12-31 | restructuring | in_progress | USD 107,571,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | |||||||
| 2016-12-31 | restructuring | in_progress | Segment Reconciling Items [Member] | USD 107,571,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2016-12-31 | restructuring | in_progress | Mauna Loa Macadamia Nut Corporation [Member] | USD 0 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2016-12-31 | restructuring | in_progress | Cost of Sales [Member] | USD 58,106,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2016-12-31 | restructuring | in_progress | Restructuring Charges [Member] | USD 32,526,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2016-12-31 | restructuring | in_progress | Selling, General and Administrative Expenses [Member] | USD 16,939,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2016-12-31 | restructuring | in_progress | Accelerated Depreciation and Amortization [Member] / China Structure Optimization [Member] | USD 48,590,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2016-12-31 | restructuring | in_progress | Accelerated Depreciation and Amortization [Member] / Other International Restructuring Programs [Member] | USD 0 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2016-12-31 | restructuring | in_progress | Pension Settlement Charge [Member] / Productivity Initiative 2015 [Member] | USD 13,669,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2016-12-31 | restructuring | in_progress | Employee Severance [Member] / China Structure Optimization [Member] | USD 17,872,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2016-12-31 | restructuring | in_progress | Employee Severance [Member] / Other International Restructuring Programs [Member] | USD 0 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2016-12-31 | restructuring | in_progress | Employee Severance [Member] / Productivity Initiative 2015 [Member] | USD 0 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2016-12-31 | restructuring | in_progress | One-time Termination Benefits [Member] / Productivity Initiative 2015 [Member] | USD 13,669,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2016-12-31 | restructuring | in_progress | Other Restructuring [Member] / China Structure Optimization [Member] | USD 21,831,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2016-12-31 | restructuring | in_progress | Other Restructuring [Member] / Productivity Initiative 2015 [Member] | USD 5,609,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2016-12-31 | restructuring | in_progress | China Structure Optimization [Member] | USD 88,293,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2016-12-31 | restructuring | in_progress | Next Century Program [Member] | USD 0 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2016-12-31 | restructuring | in_progress | Productivity Initiative 2015 [Member] | USD 19,278,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2016-10-02 | restructuring | in_progress | China and North America | Production and supply chain (International and Other ~85% of costs; North America ~15%) | USD 120 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Operational Optimization Program commenced in Q2 2016 (exact announcement date not disclosed) to optimize the production and supply chain network with select facility consolidations, including transition of China chocolate and SGM operations into a unified Golden Hershey platform. Expected pre-tax costs of about $120 million over three years, including roughly $65 million of non-cash incremental depreciation; expected annual savings of about $45 million by 2018. Number of employees affected is not disclosed. 2016 year-to-date charges associated with the program total $85.2 million across cost of sales, SM&A and business realignment lines. | ||||
| 2016-10-02 | restructuring | completed | 300 | 2016-10-02 | United States | Primarily North America segment | USD 125 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | 2015 Productivity Initiative, initiated mid-2015 (exact announcement date not disclosed); net reduction of approximately 300 positions occurred in the third and fourth quarters of 2015, not in the current period. Program reported as completed as of October 2, 2016, with total costs of $125.0 million including pension settlement charges of $13.7 million recorded in 2016 and $10.2 million in 2015. Included here because completion and residual 2016 charges are disclosed in this filing. | ||
| 2016-10-02 | acquisition_addition | completed | 2016-04-26 | 2016-04-26 | United States (Congers, New York) | North America — barkTHINS mass premium chocolate snacking brand | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of all outstanding shares of Ripple Brand Collective, LLC completed April 26, 2016 for net assets acquired of $285.4 million; expected 2016 annual net sales of approximately $65-75 million. Headcount added through the acquisition is not disclosed. | |||
| 2016-10-02 | restructuring | in_progress | 2016-04-01 | 2018-12-31 | Global | Production and Supply Chain | USD 120 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Operational Optimization Program commenced in Q2 2016. Expected pre-tax costs of approx $120M over three years, including $65M non-cash asset-related depreciation. Employee count not disclosed. | ||
| 2016-10-02 | restructuring | completed | 300 | 2015-06-01 | 2015-12-31 | Global | Corporate and Operations | USD 125 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | 2015 Productivity Initiative resulted in net reduction of approx 300 positions. Completed as of Oct 2, 2016. Total costs incurred $125,031k. | |
| 2016-10-02 | restructuring | in_progress | USD 27,962,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2016-10-02 | restructuring | in_progress | Segment Reconciling Items [Member] | USD 27,962,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2016-10-02 | restructuring | in_progress | Mauna Loa Macadamia Nut Corporation [Member] / Restructuring Charges [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2016-10-02 | restructuring | in_progress | Cost of Sales [Member] | USD 24,470,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2016-10-02 | restructuring | in_progress | Cost of Sales [Member] / China Structure Optimization [Member] | USD 24,470,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2016-10-02 | restructuring | in_progress | Cost of Sales [Member] / Other International Restructuring Programs [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2016-10-02 | restructuring | in_progress | Restructuring Charges [Member] | USD 2,330,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2016-10-02 | restructuring | in_progress | Restructuring Charges [Member] / China Integration Initiative [Member] | USD 87,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2016-10-02 | restructuring | in_progress | Restructuring Charges [Member] / Productivity Initiative 2015 [Member] | USD 2,243,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2016-10-02 | restructuring | in_progress | Selling, General and Administrative Expenses [Member] | USD 1,162,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2016-10-02 | restructuring | in_progress | Selling, General and Administrative Expenses [Member] / China Structure Optimization [Member] | USD 414,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2016-10-02 | restructuring | in_progress | Selling, General and Administrative Expenses [Member] / Other International Restructuring Programs [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2016-10-02 | restructuring | in_progress | Selling, General and Administrative Expenses [Member] / Productivity Initiative 2015 [Member] | USD 748,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2016-10-02 | restructuring | in_progress | One-time Termination Benefits [Member] / Productivity Initiative 2015 [Member] | USD 13,669,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2016-10-02 | restructuring | in_progress | Productivity Initiative 2015 [Member] | USD 2,991,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2016-07-03 | restructuring | in_progress | 2016-04-01 | 2019-12-31 | China and North America | International and Other; North America (approximately 85% / 15% of program costs and benefits) | USD 120 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Program commenced in Q2 2016 to optimize production and supply chain network with select facility consolidations; includes China chocolate and SGM integration into a unified Golden Hershey platform. Pre-tax costs of approximately $120 million expected over three years, including about $65 million of non-cash accelerated depreciation; expected annual savings of approximately $45 million by 2018. No employee headcount affected is disclosed. | ||
| 2016-07-03 | restructuring | in_progress | 300 | 2015-07-01 | 2016-09-30 | Primarily United States | Primarily North America segment; organizational structure simplification | USD 103 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Net reduction of approximately 300 positions, with most departures completed by end of 2015; program executed through Q3-Q4 2015. Total pre-tax charges and costs expected to be approximately $103 million excluding pension settlement costs. Remaining costs expected to be incurred in Q3 2016. Announcement date is approximate (mid-2015). | |
| 2016-07-03 | acquisition_addition | completed | 2016-04-26 | 2016-04-26 | United States (Congers, New York) | North America — mass premium chocolate snacking (barkTHINS brand) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of all outstanding shares completed April 26, 2016; net assets acquired of $285.4 million. Headcount added through the acquisition is not disclosed. | |||
| 2016-07-03 | restructuring | in_progress | 2016-04-01 | 2018-12-31 | Global | Production and Supply Chain | USD 120 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Operational Optimization Program commenced in Q2 2016. Includes facility consolidations in China and North America. Expected pre-tax costs of approx $120M over three years. | ||
| 2016-07-03 | restructuring | in_progress | 300 | 2015-07-01 | 2016-09-30 | Global | Corporate and Operations | USD 103 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | 2015 Productivity Initiative. Net reduction of approx 300 positions. Majority of departures occurred by end of 2015. Remaining costs expected in Q3 2016. | |
| 2016-07-03 | restructuring | in_progress | USD 62,095,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2016-07-03 | restructuring | in_progress | Segment Reconciling Items [Member] | USD 62,095,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2016-07-03 | restructuring | in_progress | Mauna Loa Macadamia Nut Corporation [Member] / Restructuring Charges [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2016-07-03 | restructuring | in_progress | Cost of Sales [Member] | USD 33,965,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2016-07-03 | restructuring | in_progress | Cost of Sales [Member] / China Structure Optimization [Member] | USD 33,965,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2016-07-03 | restructuring | in_progress | Cost of Sales [Member] / Other International Restructuring Programs [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2016-07-03 | restructuring | in_progress | Restructuring Charges [Member] | USD 22,105,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2016-07-03 | restructuring | in_progress | Restructuring Charges [Member] / China Integration Initiative [Member] | USD 9,928,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2016-07-03 | restructuring | in_progress | Restructuring Charges [Member] / Productivity Initiative 2015 [Member] | USD 12,177,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2016-07-03 | restructuring | in_progress | Selling, General and Administrative Expenses [Member] | USD 6,025,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2016-07-03 | restructuring | in_progress | Selling, General and Administrative Expenses [Member] / China Structure Optimization [Member] | USD 3,376,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2016-07-03 | restructuring | in_progress | Selling, General and Administrative Expenses [Member] / Other International Restructuring Programs [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2016-07-03 | restructuring | in_progress | Selling, General and Administrative Expenses [Member] / Productivity Initiative 2015 [Member] | USD 2,649,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2016-07-03 | restructuring | in_progress | One-time Termination Benefits [Member] / Productivity Initiative 2015 [Member] | USD 12,646,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2016-07-03 | restructuring | in_progress | Productivity Initiative 2015 [Member] | USD 14,826,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2016-04-03 | restructuring | in_progress | 2016-01-01 | China | International and Other | USD 13 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Initiated during Q1 2016; initial costs cover severance and third-party charges. Filer also assessing excess capacity and long-lived asset carrying values in China; no employee count disclosed. | |||
| 2016-04-03 | restructuring | in_progress | 300 | 2015-07-01 | 2016-09-30 | United States | North America | USD 1 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Net reduction of ~300 positions executed in Q3-Q4 2015; Q1 2016 charge of $1.458M reflects severance adjustments and third-party design/implementation costs. Total program cost expected ~$110M, with remaining costs over the next two quarters; excludes 2015 pension settlement charge of $10.178M. | |
| 2016-04-03 | acquisition_addition | announced | 2016-04-26 | 2016-04-26 | United States | North America | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Post-quarter acquisition of barkTHINS brand (Congers, NY) completed April 26, 2016; purchase price and headcount added not disclosed in this filing. | |||
| 2016-04-03 | restructuring | in_progress | 2016-01-01 | China | International and Other | USD 12,972 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Initiated process of optimizing China business and workforce structure; incurred initial costs of $12.97 million relating primarily to severance and other third party charges. Employee count not disclosed. | |||
| 2016-04-03 | restructuring | in_progress | 2015-06-01 | 2016-09-30 | North America | Corporate | USD 1,458 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | 2015 Productivity Initiative; incurred charges of $1.46 million representing adjustments to estimated severance benefits and incremental third-party costs. Program resulted in net reduction of approx 300 positions (completed in 2015); remaining costs expected over next two quarters. | ||
| 2016-04-03 | restructuring | in_progress | USD 14,430,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2016-04-03 | restructuring | in_progress | Segment Reconciling Items [Member] | USD 14,430,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2016-04-03 | restructuring | in_progress | Mauna Loa Macadamia Nut Corporation [Member] / Restructuring Charges [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2016-04-03 | restructuring | in_progress | Cost of Sales [Member] | USD -487,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2016-04-03 | restructuring | in_progress | Cost of Sales [Member] / China Structure Optimization [Member] | USD -487,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2016-04-03 | restructuring | in_progress | Cost of Sales [Member] / Other International Restructuring Programs [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2016-04-03 | restructuring | in_progress | Restructuring Charges [Member] | USD 6,133,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2016-04-03 | restructuring | in_progress | Restructuring Charges [Member] / China Integration Initiative [Member] | USD 7,427,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2016-04-03 | restructuring | in_progress | Restructuring Charges [Member] / Productivity Initiative 2015 [Member] | USD -1,294,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2016-04-03 | restructuring | in_progress | Selling, General and Administrative Expenses [Member] | USD 8,784,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2016-04-03 | restructuring | in_progress | Selling, General and Administrative Expenses [Member] / China Structure Optimization [Member] | USD 6,032,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2016-04-03 | restructuring | in_progress | Selling, General and Administrative Expenses [Member] / Other International Restructuring Programs [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2016-04-03 | restructuring | in_progress | Selling, General and Administrative Expenses [Member] / Productivity Initiative 2015 [Member] | USD 2,752,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2016-04-03 | restructuring | in_progress | China Structure Optimization [Member] | USD 12,972,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2016-04-03 | restructuring | in_progress | Productivity Initiative 2015 [Member] | USD 1,458,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2015-12-31 | restructuring | in_progress | 300 | 2015-06-19 | 2016-09-30 | Worldwide | Company-wide organizational structure | USD 106 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2015 Productivity Initiative produced a net reduction of about 300 positions, most departures by end of 2015. 2015 pre-tax charges of $105.8M include a $10.2M pension settlement; total program pre-tax charges estimated at about $120M, mostly cash, with the remainder expected in the first three quarters of 2016. | |
| 2015-12-31 | restructuring | in_progress | International (non-U.S.), including Brazil | International and Other | USD 13 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Programs commenced in 2014 to rationalize certain non-U.S. manufacturing and distribution activities and to build own sales/distribution teams in Brazil; 2015 pre-tax charges of $12.6M ($8.8M in cost of sales, $3.8M in SM&A). Remaining costs not expected to be significant. No announcement date or affected-employee count disclosed. | ||||
| 2015-12-31 | divestiture_reduction | completed | 2014-12 | 2015-03-31 | North America | North America | USD 3 (millions) | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of Mauna Loa Macadamia Nut Corporation agreed in December 2014 and closed in Q1 2015 for proceeds of about $32.4M; an additional $2.7M loss on sale was recorded in 2015 (a $22.3M estimated loss, including $18.5M of impairment, was recorded in 2014). Headcount not disclosed; exact closing date not stated. | ||
| 2015-12-31 | acquisition_addition | completed | 2015-03-31 | United States (Sonoma, California) | North America (snacks) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of all outstanding shares of KRAVE Pure Foods, Inc. completed in March 2015; cash consideration of $220.0M plus contingent consideration. Acquired headcount not disclosed; Krave generated about $35M of 2014 sales. | ||||
| 2015-12-31 | restructuring | in_progress | 300 | 2015-06-19 | 2016-09-30 | Global | Corporate / All Segments | USD 106 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Announced June 2015. Net reduction of approximately 300 positions. Charges of $105.8 million incurred in 2015. Remaining costs expected to be incurred within the first three quarters of 2016. | |
| 2015-12-31 | restructuring | completed | 2014-01-01 | 2015-12-31 | International | International and Other | USD 13 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Programs commenced in 2014 to rationalize non-U.S. manufacturing and distribution activities and establish sales teams in Brazil. $12.6 million pre-tax charges recorded in 2015. | ||
| 2015-12-31 | restructuring | in_progress | USD 120,975,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | |||||||
| 2015-12-31 | restructuring | in_progress | Segment Reconciling Items [Member] | USD 120,975,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2015-12-31 | restructuring | in_progress | Operating Segments [Member] / Restructuring Charges [Member] / International and Other Segment [Member] / INDIA | USD 0 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2015-12-31 | restructuring | in_progress | Mauna Loa Macadamia Nut Corporation [Member] / Restructuring Charges [Member] | USD 2,667,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2015-12-31 | restructuring | in_progress | Cost of Sales [Member] | USD 8,801,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2015-12-31 | restructuring | in_progress | Cost of Sales [Member] / Next Century Program [Member] | USD 0 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2015-12-31 | restructuring | in_progress | Cost of Sales [Member] / Other International Restructuring Programs [Member] | USD 8,801,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2015-12-31 | restructuring | in_progress | Restructuring Charges [Member] | USD 94,806,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2015-12-31 | restructuring | in_progress | Restructuring Charges [Member] / Next Century Program [Member] | USD 0 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2015-12-31 | restructuring | in_progress | Restructuring Charges [Member] / Productivity Initiative 2015 [Member] | USD 92,139,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2015-12-31 | restructuring | in_progress | Selling, General and Administrative Expenses [Member] | USD 17,368,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2015-12-31 | restructuring | in_progress | Selling, General and Administrative Expenses [Member] / Other International Restructuring Programs [Member] | USD 3,754,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2015-12-31 | restructuring | in_progress | Selling, General and Administrative Expenses [Member] / Productivity Initiative 2015 [Member] | USD 13,614,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2015-12-31 | restructuring | in_progress | One-time Termination Benefits [Member] / Productivity Initiative 2015 [Member] | USD 10,178,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2015-12-31 | restructuring | in_progress | 300 | Productivity Initiative 2015 [Member] | USD 105,753,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | Expected positions to be eliminated | ||||
| 2015-10-04 | restructuring | in_progress | 300 | 2015-06-19 | 2015-12-31 | Global | Enterprise-wide organizational structure | USD 90 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Net reduction of approximately 300 positions, majority of departures by end of 2015; $90.3M pre-tax charges incurred in nine months; total program estimated at approximately $120M with remaining costs over the next three quarters. Expected annual pre-tax savings of $65M–$75M. | |
| 2015-10-04 | divestiture_reduction | completed | 2014-12-31 | 2015-03-31 | United States (Hawaii) | North America segment — Mauna Loa Macadamia Nut Corporation | USD 3 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale agreement entered December 2014, closed in first quarter of 2015 with proceeds of approximately $32.4M; no employee count disclosed. Completion month not specified beyond the quarter. | ||
| 2015-10-04 | acquisition_addition | completed | 2015-03-31 | 2015-03-31 | United States (Sonoma, California) | North America segment — KRAVE Pure Foods, Inc. (meat snacks) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | All outstanding shares acquired in March 2015; 2014 annual sales of approximately $35M. No headcount added disclosed; exact announcement/completion day not specified. | |||
| 2015-10-04 | restructuring | in_progress | 300 | 2015-06-19 | 2015-12-31 | Global | Corporate / Organizational Structure | USD 120 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | 2015 Productivity Initiative announced June 19, 2015. Net reduction of approx. 300 positions. Majority of departures expected by end of 2015. Total pre-tax charges expected to be approx. $120 million. Charges incurred YTD: $90.3 million. | |
| 2015-10-04 | restructuring | in_progress | USD 57,753,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2015-10-04 | restructuring | in_progress | Cost of Sales [Member] | USD 2,529,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2015-10-04 | restructuring | in_progress | Restructuring Charges [Member] | USD 57,753,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2015-10-04 | restructuring | in_progress | Selling, General and Administrative Expenses [Member] | USD 7,181,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2015-10-04 | restructuring | in_progress | Employee Severance [Member] | USD 57,753,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2015-10-04 | restructuring | in_progress | Facility Closing [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2015-10-04 | restructuring | in_progress | Other Restructuring [Member] | USD 8,381,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2015-10-04 | restructuring | in_progress | 300 | 2015 Initiative [Member] | USD 64,268,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | Expected positions to be eliminated | ||||
| 2015-07-05 | restructuring | in_progress | 300 | 2015-06-19 | 2015-12-31 | Enterprise-wide organizational structure | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Announced productivity initiative to simplify the organizational structure; approximately 300 positions to be reduced by end of 2015. Estimated pre-tax charges of $100 million to $120 million, majority cash; $26.1 million incurred in Q2 2015 (severance plus third-party design/implementation costs), remainder largely expected in H2 2015. Expected annual pre-tax savings of $65 million to $75 million, part to be reinvested. | |||
| 2015-07-05 | acquisition_addition | completed | 2015-03 | United States (Sonoma, California) | Snacks / meat snacks (KRAVE jerky) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | All outstanding shares of KRAVE Pure Foods acquired in March 2015; cash consideration of $220.0 million plus up to $20.0 million contingent. Headcount added through the acquisition is not disclosed. | ||||
| 2015-07-05 | divestiture_reduction | completed | 2014-12 | United States (Hawaii) | North America segment (Mauna Loa Macadamia Nut Corporation) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale agreement entered December 2014, closed in Q1 2015 with net proceeds of about $32.4 million and an additional $2.7 million loss on sale. Headcount removed through the divestiture is not disclosed. | ||||
| 2015-07-05 | restructuring | in_progress | 300 | 2015-06-19 | 2015-12-31 | Global | Corporate / Organizational Structure | USD 110 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | 2015 Initiative to simplify organizational structure. Estimated pre-tax charges $100M-$120M. $26.1M incurred in Q2 2015 for severance and third-party costs. | |
| 2015-07-05 | restructuring | in_progress | USD 22,552,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2015-07-05 | restructuring | in_progress | Cost of Sales [Member] | USD 1,328,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2015-07-05 | restructuring | in_progress | Selling, General and Administrative Expenses [Member] | USD 4,945,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2015-07-05 | restructuring | in_progress | Employee Severance [Member] | USD 22,552,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2015-07-05 | restructuring | in_progress | Facility Closing [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2015-07-05 | restructuring | in_progress | Other Restructuring [Member] | USD 3,964,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2015-07-05 | restructuring | in_progress | 300 | 2015 Initiative [Member] | USD 26,054,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | Expected positions to be eliminated | ||||
| 2015-04-05 | acquisition_addition | completed | United States (Sonoma, California) | International and Other / snacks | USD 220,314 (thousands) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | All-cash acquisition of KRAVE Pure Foods completed March 2015; up to $20,000 thousand contingent consideration possible. No employee headcount added disclosed. | ||||
| 2015-04-05 | divestiture_reduction | completed | 2014-12-01 | United States (Hawaii) | North America | USD 2,667 (thousands) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale closed in Q1 2015 with ~$32,400 thousand proceeds; additional loss on sale recorded. No employee headcount reduction disclosed. | |||
| 2015-04-05 | restructuring | in_progress | International (non-U.S.) | Manufacturing and distribution | USD 2,473 (thousands) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q1 2015 charges of $5,140 thousand total: accelerated depreciation/amortization from 2014 programs rationalizing non-U.S. manufacturing and distribution ($1,348 thousand in cost of sales, $1,125 thousand in SM&A) plus $2,667 thousand Mauna Loa divestiture loss. No employee counts or severance disclosed. | ||||
| 2015-04-05 | restructuring | in_progress | International | Manufacturing and Distribution | USD 2,473 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Charges represent accelerated depreciation and amortization relating to programs commenced in 2014 to rationalize select non-U.S. manufacturing and distribution activities. Employee count not disclosed. | ||||
| 2015-04-05 | divestiture_reduction | completed | 2015-03-31 | North America | North America | USD 2,667 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Loss on sale of Mauna Loa Macadamia Nut Corporation. Employee count not disclosed. | |||
| 2014-12-31 | plant_closure | completed | 2010-06 | 2014-12-31 | Hershey, Pennsylvania, United States | Manufacturing (supply chain) | USD 7 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Project Next Century transferred production from the legacy 19 East Chocolate Avenue plant to the expanded West Hershey facility; program essentially complete at fiscal year-end. 2014 plant closure costs related mainly to demolition of the former site; smaller 2014 program charges of $1.6 million (cost of sales) and $2.9 million (SM&A) also disclosed. Workforce transition charges were largely incurred in earlier years (notably 2012). Project-to-date costs $197.9 million through December 31, 2014, within the $190-$200 million estimate. Employees affected in 2014 not quantified. | ||
| 2014-12-31 | restructuring | in_progress | 2014 | Multiple non-U.S. locations | Manufacturing and distribution | USD 4 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Programs implemented during 2014 at several non-U.S. entities to rationalize select manufacturing and distribution activities. 2014 costs comprise severance and accelerated depreciation; approximately $3.7 million of additional accelerated depreciation expected in 2015, with remaining costs not expected to be significant. No employee count disclosed. | |||
| 2014-12-31 | divestiture_reduction | announced | 2014-12 | 2015-03 | United States (Hawaii) | North America | USD 22 (millions) | other f5-10k / GLM-5.3-flash-HTML | December 2014 agreement to sell Mauna Loa Macadamia Nut Corporation for $38.0 million, subject to working capital adjustment; closing expected in Q1 2015. Estimated loss on anticipated sale recorded within business realignment and impairment charges, including $18.5 million of goodwill and indefinite-lived trademark impairment. Headcount affected not disclosed; Mauna Loa reported within the North America segment and its operations are not material. | ||
| 2014-12-31 | acquisition_addition | completed | 2014-09-26 | China | International and Other | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Acquired 80% of Shanghai Golden Monkey Food Joint Stock Co., Ltd. on September 26, 2014 for cash consideration of $394.5 million (subject to adjustments); operates six production facilities in China. Cited as the principal driver of the year-over-year increase in employee headcount, but the number of employees added is not disclosed. Contractual obligation to purchase the remaining 20% on the first anniversary of closing. | ||||
| 2014-12-31 | acquisition_addition | completed | 2014-12 | Canada (Ontario) | North America | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Acquired all outstanding shares of The Allan Candy Company Limited in December 2014 for cash consideration of approximately $27.4 million, subject to working capital adjustment. Provides manufacturing and distribution capacity primarily for North America. Employee count not disclosed. | ||||
| 2014-12-31 | acquisition_addition | completed | 2014-03 | China | International and Other | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Acquired an additional 5.9% interest in the Lotte Shanghai Food Company joint venture (ownership raised from 44.1% to 50%), obtaining operational control; the previously equity-method venture was consolidated from March 2014, adding its workforce to consolidated operations. Total consideration approximately $99.2 million including fair values of the previously held equity interest and remaining noncontrolling interest; a $4.6 million remeasurement gain was recognized. Employee count not disclosed. | ||||
| 2014-12-31 | acquisition_addition | completed | 2013-12-18 | 2014-09-26 | China | International and Other | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Share purchase agreement dated 2013-12-18; 80% of Shanghai Golden Monkey acquired 2014-09-26 with six production facilities. Acquired headcount not disclosed; SGM contributed ~$54 million of 2014 net sales (0.7% of total). | |||
| 2014-12-31 | acquisition_addition | completed | 2014-03 | 2014-03 | China | International and Other | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Additional 5.9% interest acquired for $5.58 million cash, raising ownership to 50% and triggering consolidation; acquired headcount not disclosed. | |||
| 2014-12-31 | acquisition_addition | completed | 2014-12 | 2014-12 | Canada | North America | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | All outstanding shares acquired for approximately $27.4 million cash; Ontario-based manufacturer. Acquired headcount not disclosed. | |||
| 2014-12-31 | restructuring | in_progress | Non-U.S. (multiple countries) | International and Other | USD 5 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Programs at several non-U.S. entities to rationalize manufacturing and distribution; 2014 severance and accelerated depreciation of $4.5 million. Employees affected not disclosed; approximately $3.7 million of additional accelerated depreciation expected in 2015. | ||||
| 2014-12-31 | plant_closure | completed | 2010-06 | 2014-12-31 | Hershey, Pennsylvania, United States | North America | USD 8 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Multi-year Project Next Century; 2014 charges of $7.5 million relate to demolition of the former manufacturing facility. Program essentially complete at 2014-12-31; cumulative project-to-date costs of $197.9 million. No employee separation costs recorded in 2014. | ||
| 2014-12-31 | divestiture_reduction | announced | 2014-12 | 2015-03-31 | United States (Hawaii) | North America | USD 22 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Agreement to sell Mauna Loa Macadamia Nut Corporation for $38.0 million signed December 2014; estimated loss of $22.3 million recorded, including $18.5 million of goodwill and trademark impairment. Headcount not disclosed; sale expected to close in Q1 2015. | ||
| 2014-12-31 | acquisition_addition | completed | 2014-09-26 | 2014-09-26 | China | International and Other | Item_1_Business f5-10k / Qwen3.6-27B-Q8_0 | Headcount increased mainly due to acquisition of Shanghai Golden Monkey (SGM). Specific employee count not disclosed. | |||
| 2014-12-31 | restructuring | completed | 2014-01-01 | 2014-12-31 | International | International and Other | USD 5 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Restructuring programs at several non-U.S. entities to rationalize manufacturing and distribution. Severance and accelerated depreciation costs of $4.5 million. Employee count not disclosed. | ||
| 2014-12-31 | restructuring | completed | 2014-01-01 | 2014-12-31 | United States | North America | USD 8 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Plant closure expenses related to demolition of former manufacturing facility under Next Century program. Employee count not disclosed. | ||
| 2014-09-28 | plant_closure | in_progress | 2010-06-01 | 2014-12-31 | United States | Manufacturing | USD 198 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Project Next Century: production transitioned from the century-old Hershey, PA facility to the West Hershey facility; project-to-date costs of $197.6M through 2014-09-28, expected substantially complete by year-end 2014. No employee count disclosed. | ||
| 2014-09-28 | acquisition_addition | completed | 2014-09-26 | 2014-09-26 | China | Confectionery | USD 393 (millions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquired 80% of Shanghai Golden Monkey for $393.2M cash; six production facilities in China with annual net sales of approximately $200M. No headcount of acquired employees disclosed. | ||
| 2014-09-28 | acquisition_addition | completed | 2014-03-01 | 2014-03-01 | China | Joint venture (Lotte Shanghai Food Company) | USD 6 (millions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Increased ownership from 44.1% to 50% and obtained operational control, resulting in consolidation of the venture. No employee count disclosed. | ||
| 2014-09-28 | acquisition_addition | announced | 2014-10-01 | 2014-12-31 | Canada | Confectionery manufacturing | USD 28 (millions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Agreement to acquire all outstanding shares for approximately $28M, expected to close by year-end 2014. Announced post-quarter; no employee count disclosed. | ||
| 2014-09-28 | restructuring | in_progress | 2010-06-01 | 2014-12-31 | United States | Manufacturing | USD 7 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Project Next Century program; charges primarily related to demolition of former manufacturing facility. Program expected to be substantially complete by year-end 2014. | ||
| 2014-09-28 | acquisition_addition | completed | 2014-09-26 | 2014-09-26 | China | Confectionery | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Acquisition of 80% of Shanghai Golden Monkey Food Joint Stock Co., Ltd. Headcount not explicitly disclosed. | |||
| 2014-09-28 | acquisition_addition | completed | 2014-03-01 | 2014-03-01 | China | Confectionery | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Acquisition of additional interest in Lotte Shanghai Food Company resulting in consolidation. Headcount not explicitly disclosed. | |||
| 2014-06-29 | plant_closure | in_progress | 2010-06 | United States (Hershey, Pennsylvania) | Manufacturing | USD 1 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Next Century program: production moved from the century-old East Chocolate Avenue plant to the expanded West Hershey facility; Q2 2014 charges relate mainly to demolition of the former facility. No employee counts disclosed. Project-to-date costs of $194.6 million through 2014-06-29. | |||
| 2014-06-29 | acquisition_addition | completed | 2014-03 | China | Confectionery (Lotte Shanghai Food Company joint venture) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquired additional 5.9% interest in LSFC, raising ownership from 44.1% to 50% and gaining operational control; venture consolidated from March 2014, adding its workforce. No headcount figure disclosed. | ||||
| 2014-06-29 | acquisition_addition | announced | China | Confectionery (Shanghai Golden Monkey) | USD 18 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition expected to close in the second half of 2014, subject to government and regulatory approvals; expected 2014 pre-tax acquisition and integration charges of approximately $18-23 million. No headcount figure disclosed. | ||||
| 2014-06-29 | restructuring | in_progress | 2010-06-01 | United States | Manufacturing | USD 1 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Charges related to demolition of former manufacturing facility under Next Century program. Employee count not disclosed. | |||
| 2014-06-29 | acquisition_addition | completed | 2014-03-01 | China | Manufacturing | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Acquired additional 5.9% interest in Lotte Shanghai Food Company, increasing ownership to 50% and obtaining operational control. Headcount added not disclosed. | ||||
| 2014-03-30 | acquisition_addition | completed | 2014-03-01 | China | Lotte Shanghai Food Company joint venture | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | March 2014 purchase of an additional 5.9% interest raised ownership to 50% and brought the JV under operational control; consolidated from the acquisition date. No employee count disclosed. | ||||
| 2014-03-30 | plant_closure | in_progress | 2010-06-01 | United States (Hershey, Pennsylvania) | Manufacturing — Next Century program | USD 3 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q1 2014 charges of $3.026 million relate mainly to demolition of a former manufacturing facility; project-to-date costs of $193.4 million against a $190–200 million estimate. No employee count disclosed in this filing. | |||
| 2014-03-30 | acquisition_addition | announced | 2014-06-30 | China | Shanghai Golden Monkey acquisition | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Completion expected in Q2 2014 subject to regulatory approvals; expected to be slightly accretive on an adjusted basis in 2014. No headcount disclosed. | ||||
| 2014-03-30 | restructuring | in_progress | 2010-06-01 | United States | Manufacturing | USD 3 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Charges related to the 'Next Century program', primarily for demolition of a former manufacturing facility in Hershey, PA. No specific employee count disclosed for this quarter's charges. | |||
| 2013-12-31 | plant_closure | completed | 2010-06 | Hershey, Pennsylvania, United States | Manufacturing | USD 16,387 (thousands) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Multi-year Project Next Century: production fully transitioned from the 19 East Chocolate Avenue plant to the West Hershey facility during 2012. FY2013 plant closure expenses of $16.4M were primarily for demolition of the former facility (total 2013 program costs $16.8M; cumulative program costs $190.4M against a $190–200M estimate, with no remaining liability at year-end 2013, indicating the program is essentially complete). Affected headcount was never quantified — described only as a portion of the workforce. | |||
| 2013-12-31 | voluntary_separation | completed | India | International | USD 2,278 (thousands) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | India voluntary retirement program charge recorded in 2013 within net business realignment and impairment charges; participation count and program timeline not disclosed. | ||||
| 2013-12-31 | acquisition_addition | announced | 2013-12-18 | 2014-06 | China | International | USD 584 (millions) | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Agreement to acquire Shanghai Golden Monkey Food Joint Stock Co., Ltd.; associated value is the ~$584M purchase price (~$498M cash plus ~$86M assumed net debt), not a workforce charge. 80% payable at expected mid-2014 closing, remainder one year later; subject to regulatory approvals. Employee headcount to be added is not disclosed; SGM is described as having 130+ sales offices, ~1,700 sales representatives and ~2,000 distributors, but employee status of those personnel is not explicitly stated. | ||
| 2013-12-31 | plant_closure | in_progress | 2010-06 | Hershey, Pennsylvania, United States | Manufacturing / supply chain | USD 17 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Multi-year program; $16.8M of costs recorded in FY2013 (cumulative $190.4M of a $190-200M estimate through 2013-12-31). Production transition from 19 East Chocolate Avenue completed during 2012; FY2013 charges were primarily plant demolition costs. No employee count disclosed. | |||
| 2013-12-31 | voluntary_separation | in_progress | India | Not specified | USD 2 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Charge recorded within business realignment and impairment charges for FY2013; no headcount, announcement date or completion timeline disclosed. | ||||
| 2013-12-31 | acquisition_addition | announced | 2013-12-18 | Shanghai, China | Confectionery (Golden Monkey branded candy, chocolate, protein and snack products) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Agreement to acquire all outstanding shares of Shanghai Golden Monkey Food Joint Stock Co., Ltd. for approximately $584M ($498M cash plus ~$86M net debt assumed); 80% of shares to be acquired mid-2014, remainder one year later, subject to PRC regulatory approvals. Target described as having ~1,700 sales representatives and 2,000 distributors; no employee headcount of the target disclosed. | ||||
| 2013-12-31 | restructuring | completed | 2010-06-01 | 2013-12-31 | United States | Manufacturing | USD 17 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Next Century program. Total costs of $16.8 million recorded in 2013, primarily plant closure expenses for demolition of former manufacturing facility. No remaining liability balance as of Dec 31, 2013. | ||
| 2013-12-31 | voluntary_separation | completed | 2013-01-01 | 2013-12-31 | India | Other | USD 2 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | India voluntary retirement program charges recorded in 2013. | ||
| 2013-09-29 | plant_closure | in_progress | 2010-06 | Hershey, Pennsylvania, United States | Manufacturing (19 East Chocolate Avenue facility transition to West Hershey facility) | USD 14 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Program includes plant closure, demolition, and employee separation costs; $13.6M is total costs recorded in the first nine months of 2013 (not the quarter alone). No employee headcount affected is disclosed. Remaining liability at 2013-09-29 was $1.0M for building remediation and employee separation costs. | |||
| 2013-09-29 | restructuring | in_progress | 2010-06 | United States | Manufacturing | USD 3 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Third quarter 2013 plant closure expenses of $2.9M, primarily demolition of a former manufacturing facility; no employee counts disclosed for the quarter. | |||
| 2013-09-29 | restructuring | in_progress | 2010-06-01 | Hershey, Pennsylvania | Manufacturing | USD 3 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Project Next Century program. Q3 2013 charges of $2.9 million primarily related to demolition of a former manufacturing facility. No specific employee count disclosed for this quarter's activity. | |||
| 2013-09-29 | restructuring | in_progress | 2010-06-01 | Hershey, Pennsylvania | Manufacturing | USD 13 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Project Next Century program. YTD 2013 charges of $13.4 million primarily related to demolition of a former manufacturing facility. Payments of $6.6 million made against liabilities primarily related to employee separation costs. | |||
| 2013-06-30 | plant_closure | in_progress | 2010-06-01 | Hershey, Pennsylvania, United States | Manufacturing (supply chain) | USD 10 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Next Century program: production transitioned from the 19 East Chocolate Avenue plant to the West Hershey facility; Q2 2013 charges of $3.6M ($10.6M YTD) mainly for demolition of a former manufacturing facility. No employee count disclosed; employee separation costs were $0 in 2013, with a $2.2M liability remaining for remediation and separation costs recorded in 2010-2011. | |||
| 2013-06-30 | restructuring | in_progress | 2010-06-01 | United States | Manufacturing | USD 4 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Next Century program charges for Q2 2013 were $3.6 million, primarily related to demolition of a former manufacturing facility. Employee separation costs were $0 for the quarter, though $5.3 million in payments were made against prior liabilities. | |||
| 2013-06-30 | restructuring | in_progress | 2010-06-01 | United States | Manufacturing | USD 10 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Next Century program charges for YTD 2013 were $10.4 million, primarily related to demolition of a former manufacturing facility. Employee separation costs were $0 for the period, though $5.3 million in payments were made against prior liabilities. | |||
| 2013-03-31 | plant_closure | in_progress | 2010-06-01 | United States | Manufacturing — West Hershey / 19 East Chocolate Avenue plant transition | USD 6,984 (thousands) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Next Century program: production transitioned from the century-old Hershey, PA plant to the West Hershey facility. Q1 2013 charges were mainly demolition costs; no employee count or separation headcount disclosed for the quarter (employee separation costs were nil in Q1 2013). Program liability of $4.3M at March 31, 2013 for building remediation and employee separation. | |||
| 2013-03-31 | restructuring | in_progress | 2010-06-01 | United States | Manufacturing | USD 7 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Charges related to 'Project Next Century' including demolition of former manufacturing facility and employee separation costs. Employee count not disclosed for current quarter charges. | |||
| 2012-12-31 | restructuring | in_progress | 2010-06 | United States — Hershey, Pennsylvania | Manufacturing / supply chain | USD 76 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Multi-year Next Century program announced June 2010 to shift production from the 19 East Chocolate Avenue plant to the expanded West Hershey facility; production and a portion of the workforce were fully transitioned during 2012. Fiscal 2012 charges of $76.3M include $36.4M in cost of sales (start-up costs and accelerated depreciation), $2.4M program administration, $15.8M pension settlement loss, $20.8M plant closure/fixed asset impairment, and $0.9M employee separation costs. Cumulative program costs of $173.6M through December 31, 2012; $10M-$15M of further charges (demolition and property-sale preparation) expected in 2013. Estimated total program cost $190M-$200M; expected annual savings $65M-$80M. Affected employee headcount is not quantified in the filing. | |||
| 2012-12-31 | plant_closure | completed | 2012-12 | 2012-12 | United States — Boulder, Colorado | Nutritional beverages (mix1 brand) — Tri-US, Inc. subsidiary | USD 8 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | In December 2012 the Tri-US, Inc. board decided to immediately cease operations and dissolve the company after determining required investments would not generate sufficient returns, citing operational difficulties, quality issues and competitive constraints. Associated $7.5M charge was a non-cash write-off of goodwill and other intangible assets (recorded within business realignment and impairment charges), not severance. Employee headcount affected is not disclosed. | ||
| 2012-12-31 | acquisition_addition | completed | 2012-01 | 2012-01 | Canada (production facilities in British Columbia and Quebec); products sold primarily in U.S. and Canada | Confectionery — Brookside Foods Ltd. | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Acquired all outstanding stock of Brookside Foods Ltd. in January 2012, adding two production facilities. Purchase price was approximately $172.9M (not a workforce charge, so charge fields left null). Employee headcount added through the acquisition is not disclosed; the business had annual net sales of approximately $90M at the time of acquisition. | |||
| 2012-12-31 | restructuring | completed | 2010-06 | 2012-12-31 | United States (Hershey, Pennsylvania) | Manufacturing / Supply Chain | USD 76 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Multi-year program announced June 2010; $76.3M of total costs recorded in FY2012 (cumulative $173.6M through 2012-12-31). Includes closure of the 19 East Chocolate Avenue plant, with production and workforce fully transitioned to West Hershey during 2012, plus a $15.8M non-cash pension settlement loss. Employees affected not disclosed; remaining liability of $7.6M at year-end. | ||
| 2012-12-31 | acquisition_addition | completed | 2012-01 | 2012-01-31 | Canada (British Columbia, Quebec) / United States | Confectionery manufacturing | USD 173 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Purchase price of $172.9M for Brookside Foods Ltd.; two production facilities acquired. Headcount added not disclosed. Separate FY2012 acquisition closing and integration costs of $13.4M recorded. | ||
| 2012-12-31 | other | completed | 2012-12 | 2012-12-31 | United States (Boulder, Colorado) | Nutritional beverages (Tri-US, Inc. / mix1) | USD 8 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Board decided in December 2012 to immediately cease operations and dissolve Tri-US, Inc.; non-cash impairment of goodwill and other intangibles, excluding the share attributable to noncontrolling interests. Employees affected not disclosed. | ||
| 2012-12-31 | acquisition_addition | completed | 2012-09 | 2012-09-30 | India | Confectionery, snacks and beverages | USD 16 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of the remaining 49% interest in Godrej Hershey Ltd.; noncontrolling interest eliminated as of 2012-09-30. Employees affected not disclosed. | ||
| 2012-12-31 | restructuring | in_progress | 2010-06-01 | United States | Manufacturing | USD 76 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Next Century program: Production transitioned from 19 East Chocolate Avenue to West Hershey facility. Total costs of $76.3 million recorded in 2012, including $15.8 million pension settlement loss and $20.8 million plant closure expenses. Employee separation costs credited $0.9 million. | |||
| 2012-12-31 | plant_closure | completed | 2012-12-01 | 2012-12-31 | United States | Beverages | USD 8 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Tri-US, Inc. ceased operations and dissolved due to operational difficulties. Non-cash asset impairment charges of $7.5 million recorded. | ||
| 2012-09-30 | plant_closure | in_progress | 2010-06-01 | Hershey, Pennsylvania, United States | Manufacturing | USD 7 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q3 2012 plant closure expenses of $6.9M for manufacturing facility closure and production line relocation under Project Next Century; no employee count disclosed. | |||
| 2012-09-30 | restructuring | in_progress | 2010-06-01 | United States | Manufacturing | USD 1 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | YTD 2012 employee separation costs of $0.9M for expected voluntary and involuntary terminations; $10.9M separation liability remained at 2012-09-30 with $9.4M paid during the period. Headcount affected not disclosed. | |||
| 2012-09-30 | acquisition_addition | completed | 2012-01-01 | Canada | Confectionery | USD 173 (millions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Brookside Foods Ltd. acquired January 2012; two production facilities in British Columbia and Quebec, ~$90M annual net sales. Headcount added not disclosed. | |||
| 2012-09-30 | acquisition_addition | completed | 2012-09-30 | India | Confectionery, snacks and beverages | USD 16 (millions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquired remaining 49% of Godrej Hershey Ltd. in September 2012, eliminating the noncontrolling interest. Headcount added not disclosed. | |||
| 2012-09-30 | restructuring | in_progress | 2010-06-01 | United States | Manufacturing | USD 20 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Next Century program charges for Q3 2012 include $13.1M pension settlement loss, $6.9M plant closure expenses, and $0.6M admin costs. Employee count affected not disclosed. | |||
| 2012-09-30 | acquisition_addition | completed | 2012-01-01 | Canada | Confectionery | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Acquired Brookside Foods Ltd. in Jan 2012. Headcount added not disclosed. | ||||
| 2012-09-30 | acquisition_addition | completed | 2012-01-01 | United States | Nutritional Beverages | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Acquired controlling interest in Tri-US, Inc. in Jan 2012. Headcount added not disclosed. | ||||
| 2012-09-30 | acquisition_addition | completed | 2012-09-01 | India | Confectionery | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Acquired remaining 49% interest in Godrej Hershey Ltd. in Sep 2012. Headcount added not disclosed. | ||||
| 2012-07-01 | restructuring | in_progress | 2010-06 | United States (Hershey, Pennsylvania) | Manufacturing / supply chain | USD 43 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Project Next Century: transition of production from the century-old 19 East Chocolate Avenue plant to the expanded West Hershey facility, with employee separations and plant closure costs. Total expected pre-tax charges and implementation costs raised to a $160-180 million range. Charge shown is the six-months 2012 total pre-tax business realignment and impairment charges ($42.6M); a $14.8M liability for estimated employee separation costs remained at 2012-07-01. No number of employees affected is disclosed. | |||
| 2012-07-01 | acquisition_addition | completed | Canada (British Columbia, Quebec) | Confectionery manufacturing | USD 173 (millions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Brookside Foods Ltd. completed January 2012 (purchase price ~$172.9M; annual net sales ~$90M; two production facilities). Charge shown is the purchase price, not a workforce charge. No headcount added is disclosed. | ||||
| 2012-07-01 | restructuring | in_progress | 2010-06-01 | United States | Manufacturing | USD 5 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Project Next Century program charges for Q2 2012 included $4.7M plant closure expenses and $0.1M employee separation costs. Total net charge was $4.8M. Employee count affected not disclosed. | |||
| 2012-07-01 | restructuring | in_progress | 2010-06-01 | United States | Manufacturing | USD 8 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Project Next Century program charges for YTD 2012 included $7.2M plant closure expenses and $0.9M employee separation costs. Total net charge was $8.1M. Employee count affected not disclosed. | |||
| 2012-04-01 | plant_closure | in_progress | 2010-06 | 2012-06-30 | Hershey, Pennsylvania, United States | Manufacturing — transition from 19 East Chocolate Avenue facility to expanded West Hershey facility | USD 24 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Total program pre-tax charges and implementation costs estimated at $150-160 million; $23.6 million recorded in Q1 2012 (including $19.5M accelerated depreciation/start-up in cost of sales). Includes employee separation costs ($0.8M in Q1 2012) and plant closure expenses ($2.5M in Q1 2012); $17.8M separation liability outstanding at quarter-end. No employee count disclosed. | ||
| 2012-04-01 | acquisition_addition | completed | 2012-01 | Canada (British Columbia and Quebec) | Confectionery — Brookside Foods Ltd. | USD 173 (millions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Purchase price of approximately $172.9 million; annual net sales of acquired business approximately $90 million. No headcount disclosed. Related closing and integration costs estimated at $0.04-$0.05 per diluted share for 2012. | |||
| 2012-04-01 | acquisition_addition | completed | 2012-01 | Boulder, Colorado, United States | Nutritional beverages — Tri-US, Inc. (mix1 brand) | USD 6 (millions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Additional $6.0 million investment resulting in approximately 69% controlling interest; preliminary goodwill of $7.2 million. No headcount disclosed. | |||
| 2012-04-01 | restructuring | in_progress | 2010-06-01 | 2012-06-30 | Hershey, Pennsylvania | Manufacturing | USD 1 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Employee separation costs of $0.8 million for the Next Century program in Q1 2012, reflecting voluntary and involuntary terminations. Production transition expected primarily during Q2 2012. | ||
| 2012-04-01 | acquisition_addition | completed | 2012-01-01 | 2012-01-01 | Canada | Confectionery | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Acquired Brookside Foods Ltd. in January 2012. Headcount not explicitly disclosed. | |||
| 2012-04-01 | acquisition_addition | completed | 2012-01-01 | 2012-01-01 | United States | Nutritional Beverages | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Acquired controlling interest (69%) in Tri-US, Inc. in January 2012. Headcount not explicitly disclosed. | |||
| 2011-12-31 | plant_closure | in_progress | 2010-06 | 2012-06-30 | Hershey, Pennsylvania, United States | Manufacturing / supply chain | USD 43 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Next Century program: production and a portion of the workforce transition from the 19 East Chocolate Avenue plant to the expanded West Hershey facility, primarily during Q2 2012 (expected_completion_date set to quarter-end). Fiscal 2011 program costs of $43.4 million comprised $39.3 million accelerated depreciation (cost of sales), $5.0 million project administration, $8.6 million plant closure and fixed asset impairment, and a net $9.5 million employee separation credit ($11.2 million credit for lower expected voluntary/involuntary termination costs at two manufacturing facilities, less a $1.7 million benefits curtailment loss). No affected-employee headcount disclosed. Program total estimated at $150-160 million pre-tax over a three-year implementation; $53.9 million was recorded in 2010 (prior year, not extracted here). Year-end 2011 program liability of $19.5 million, primarily employee separation costs payable principally in 2012-2013. | ||
| 2011-12-31 | acquisition_addition | completed | 2012-01 | Canada (Abbotsford, British Columbia; production also in Quebec) | Chocolate confectionery | CAD 175 (millions) | subsequent_events f5-10k / GLM-5.3-flash-HTML | Acquisition of all outstanding stock of Brookside Foods Ltd., a privately held confectioner with production facilities in British Columbia and Quebec; products sold primarily in the U.S. and Canada; annual net sales approximately $90 million. Purchase price of CAD 175 million shown as associated value (not a restructuring charge). No employee headcount disclosed; purchase accounting was incomplete at financial statement issuance. Completed in January 2012, after fiscal year-end, and disclosed as a subsequent event. | |||
| 2011-12-31 | acquisition_addition | completed | 2011-02 | Boulder, Colorado, United States | Nutritional beverages (mix1 brand) | USD 6 (millions) | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | February 2011 purchase of a 49% interest for $5.8 million, accounted for under the equity method, so Tri-Us employees were not part of the consolidated workforce in fiscal 2011. Subsequent event: a January 2012 additional investment of $6.0 million raised ownership to approximately 69%. No employee headcount disclosed. | |||
| 2011-12-31 | restructuring | in_progress | 2010-06 | 2012-06-30 | United States (Hershey, Pennsylvania) | Manufacturing | USD 43 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Project Next Century: FY2011 costs of $43.4M (program total estimated at $150M-$160M over three years); includes a $9.5M net credit to employee separation costs in 2011 and $19.5M separation liability at year-end. Production transition from the 19 East Chocolate Avenue plant to West Hershey expected primarily in Q2 2012. Headcount affected not disclosed. | ||
| 2011-12-31 | acquisition_addition | completed | 2012-01 | 2012-01 | Canada (British Columbia and Quebec) | Chocolate confectionery | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquired all outstanding stock of Brookside Foods Ltd. for CAD $175 million in January 2012; annual net sales of the business approximately $90 million. Headcount added not disclosed; closing and integration costs estimated at $0.04-$0.05 per diluted share for 2012. | |||
| 2011-12-31 | restructuring | in_progress | 2010-06-01 | 2012-06-30 | United States | Manufacturing | USD 49 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Pre-tax charges of $49.2 million recorded in 2011 related to Project Next Century and global supply chain transformation. Includes accelerated depreciation, plant closure expenses, and employee separation credits. Production transition expected primarily in Q2 2012. | ||
| 2011-12-31 | acquisition_addition | completed | 2011-02-01 | 2011-02-01 | United States | Nutritional Beverages | USD 6 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Acquired 49% interest in Tri-Us, Inc. in February 2011 for $5.8 million. Headcount not explicitly disclosed. | ||
| 2011-10-02 | restructuring | in_progress | 400 | 2010-06 | United States (Hershey, Pennsylvania) | Manufacturing — production transition from 19 East Chocolate Avenue plant to West Hershey facility | USD 140 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Program announced June 2010; estimated total pre-tax charges and non-recurring implementation costs of $140M-$160M over three years. Approximately 400 employees expected to leave under voluntary and involuntary severance plans, versus original estimate of 500-600. Separation liability of $19.9M at 2011-10-02, payable in 2012-2013. Includes September 2011 sale-leaseback of the 19 East Chocolate Avenue facility (net proceeds $47.6M, lease financing obligation $50.0M). | ||
| 2011-10-02 | restructuring | in_progress | 2010-06-01 | United States | Manufacturing | USD 2 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Project Next Century: Production transition from 19 East Chocolate Avenue to West Hershey facility. Q3 2011 charges of $2.2M include $1.6M plant closure expenses and $0.6M employee separation costs. YTD 2011 net credit of $5.9M reflects $9.7M reduction in expected employee separation costs (approx. 400 employees expected to leave vs original 500-600 estimate) partially offset by asset retirement costs. | |||
| 2011-07-03 | restructuring | in_progress | 400 | 2010-06 | United States (Hershey, Pennsylvania) | Manufacturing — production transition from 19 East Chocolate Avenue plant to West Hershey facility | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Program announced June 2010; total pre-tax charges and non-recurring costs estimated at $140M-$160M over three years, including $120M-$140M realignment/impairment charges and ~$20M implementation costs. Approximately 400 employees now expected to leave under voluntary and involuntary severance plans, revised down from the original 500-600 estimate; total jobs to be eliminated unchanged. Q2 2011 included an $11.2M credit to employee separation expense from lower expected termination costs. Separation liability of $20.0M at 2011-07-03, to be paid in 2012-2013 as production transitions; no explicit completion date stated. | |||
| 2011-07-03 | restructuring | in_progress | 400 | 2010-06-01 | 2013-12-31 | United States | Manufacturing | USD -11 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Project Next Century: Revised estimate of 400 employees expected to leave under voluntary and involuntary severance plans (down from 500-600). Q2 2011 credit of $11.2M reflects lower expected costs. Payments expected in 2012-2013. | |
| 2011-04-03 | restructuring | in_progress | 2010-06-30 | United States (Hershey, Pennsylvania) | Manufacturing — production transition from 19 East Chocolate Avenue plant to West Hershey facility | USD 10 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Program announced June 2010; expected to reduce approximately 500 to 600 jobs at the two facilities (range disclosed, not a point estimate). Q1 2011 pre-tax charges of $9.7M per MD&A ($6.9M in cost of sales, $1.0M in SM&A, plus separation and plant-closure costs). Total program estimated at $140M–$170M over three years; $45M–$55M expected in 2011. April 3, 2011 liability balance of $33.4M, principally for employee separation costs payable in 2012–2013. Former manufacturing facilities with $11.9M carrying value held for sale. | |||
| 2011-04-03 | restructuring | in_progress | 2010-06-01 | Hershey, Pennsylvania | Manufacturing | USD 2 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Project Next Century program. Q1 2011 charges of $1.8M included $0.9M employee separation costs (voluntary/involuntary) and $0.9M plant closure/relocation costs. Program aims to reduce 500-600 jobs total over time. | |||
| 2010-12-31 | restructuring | in_progress | 500 | 2010-06 | 2013 | United States — Hershey, Pennsylvania (two facilities) | Manufacturing | USD 33 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Project Next Century: production transitions from the 19 East Chocolate Avenue plant to the expanded West Hershey facility, with an expected reduction of approximately 500 to 600 jobs at the two facilities (structured count reflects the stated low end of the disclosed range). Fiscal 2010 charges included $33.2 million of employee separation costs for expected voluntary and involuntary terminations, $13.6 million of accelerated depreciation in cost of sales, $1.5 million of project administration expense, and $5.5 million of fixed asset impairment charges. Total program charges are estimated at $140-170 million pre-tax over a three-year implementation period, including $120-150 million of realignment/impairment charges and roughly $20 million of implementation and start-up costs. The year-end 2010 employee separation liability of $32.9 million will be paid principally in 2012-2013 as production transitions. | |
| 2010-12-31 | restructuring | in_progress | 500 | 2010-06 | Hershey, Pennsylvania, United States | Manufacturing | USD 140 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Project Next Century: production moves from the 19 East Chocolate Avenue plant to an expanded West Hershey facility. Filer gives a range of approximately 500 to 600 job reductions across the two facilities (lower bound shown). Charge shown is the low end of the estimated $140M-$170M total pre-tax charges and non-recurring implementation costs over the three-year program; 2010 activity included $33.2M employee separation costs, $5.5M fixed asset impairment, $13.6M accelerated depreciation in cost of sales and $1.5M project administration. Separation costs expected to be paid principally in 2012 and 2013; expected completion date not stated. | ||
| 2010-12-31 | restructuring | in_progress | 550 | 2010-06-01 | United States | Manufacturing | USD 140 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Project Next Century program. Estimated reduction of 500 to 600 jobs at two facilities in Hershey, Pennsylvania. Pre-tax charges estimated at $140 million to $170 million over three years. | ||
| 2010-10-03 | restructuring | in_progress | 2010-06 | Hershey, Pennsylvania, United States | Manufacturing (19 East Chocolate Avenue and West Hershey facilities) | USD 33 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Program announced June 2010; production transition expected to reduce approximately 500 to 600 jobs at the two facilities (range not expressible as a single count). $33.2M employee separation costs recorded in the first nine months of 2010; total program pre-tax charges and implementation costs estimated at $140M to $170M over three years, including $75M to $85M expected in 2010. Liability balance of $33.1M at 2010-10-03, payable principally in 2012 and 2013. | |||
| 2010-10-03 | restructuring | in_progress | 2010-06 | Hershey, Pennsylvania, United States | Manufacturing (19 East Chocolate Avenue and West Hershey facilities) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q3 2010 credit of $2.9M for lower expected voluntary and involuntary termination costs based on severance elections received during the quarter; second-phase voluntary termination elections expected to adjust estimated severance costs in 2011. Same program as the record above (deduplicated). | ||||
| 2010-10-03 | restructuring | in_progress | 2010-06-01 | 2013-12-31 | United States | Manufacturing | USD 140 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Project Next Century announced June 2010. Expected to reduce 500-600 jobs at Hershey, PA facilities over three years. Total pre-tax charges estimated $140M-$170M. | ||
| 2010-10-03 | restructuring | completed | 2007-02-01 | 2009-12-31 | Global | Supply Chain | USD 629 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Global Supply Chain Transformation program essentially complete as of Dec 31, 2009. Total pre-tax charges $629.1M. | ||
| 2010-07-04 | restructuring | in_progress | 500 | 2010-06-30 | 2013-03-31 | Hershey, Pennsylvania, United States | Manufacturing — 19 East Chocolate Avenue plant and West Hershey facility | USD 36 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Announced June 2010; filer estimates reduction of approximately 500 to 600 jobs across the two facilities (count shown is low end of disclosed range). $36.1M employee separation liability recorded in Q2 2010, payable in 2012 and early 2013. Total program pre-tax charges estimated at $140M-$170M over three years, including $4.3M fixed asset impairment and $1.0M accelerated depreciation recorded in Q2 2010. | |
| 2010-07-04 | plant_closure | completed | Naugatuck, Connecticut and Smiths Falls, Ontario | Manufacturing | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Facilities closed under the Global Supply Chain Transformation program and held for sale; carrying value $10.0 million at July 4, 2010. No employee count disclosed; GSCT was essentially complete as of December 31, 2009. | |||||
| 2010-07-04 | restructuring | in_progress | 2010-12-31 | United States | Pension plan participants — Global Supply Chain Transformation program | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Employee lump-sum withdrawals from defined benefit pension plans could result in additional non-cash pension settlement losses of $12M to $18M in 2010; no employee count disclosed. GSCT liability of $3.7M for employee separation costs remains at July 4, 2010. | ||||
| 2010-07-04 | restructuring | in_progress | 550 | 2010-06-01 | 2013-03-31 | Hershey, Pennsylvania | Manufacturing | USD 40 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Project Next Century: reduction of approximately 500 to 600 jobs at two facilities due to technology and automation investments. $40.4 million charge recorded in Q2 2010 for estimated employee severance and asset retirement costs. Payments expected in 2012 and early 2013. | |
| 2010-04-04 | restructuring | in_progress | 2007-02 | 2010-12-31 | United States; Canada | Manufacturing / Supply Chain | USD 6 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Global supply chain transformation program was essentially complete as of 2009-12-31; remaining $5.5M liability covers employee separation costs payable during the remainder of 2010, with $3.7M paid in Q1 2010. Manufacturing facilities in Naugatuck CT, Reading PA and Smiths Falls ON remain closed and held for sale (carrying value $11.7M at 2010-04-04). No employee counts or headcount impact disclosed for the quarter; no new realignment charges recorded in Q1 2010. | ||
| 2010-04-04 | restructuring | in_progress | 2007-02-01 | 2010-12-31 | Global | Supply Chain | USD 4 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Payments of $3.7 million made in Q1 2010 against liabilities for the Global Supply Chain Transformation (GSCT) program, principally related to employee separation costs. Program essentially complete as of Dec 31, 2009, with remaining liability of $5.5 million. | ||
| 2010-04-04 | plant_closure | in_progress | United States, Canada | Manufacturing | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Manufacturing facilities in Naugatuck, CT; Reading, PA; and Smiths Falls, Ontario closed and held for sale. Carrying value $11.7 million as of April 4, 2010. | |||||
| 2009-12-31 | restructuring | completed | 2007-02 | 2009-12-31 | North America (United States and Canada) | Global supply chain / manufacturing | USD 99 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Three-year global supply chain transformation program announced February 2007 and essentially complete as of December 31, 2009. Fiscal 2009 net charges of $99.1 million comprise plant closure expense $22.2 million, employee separation costs $2.5 million, non-cash pension settlement loss $60.4 million, net gain on fixed asset sales $3.4 million, contract termination costs $1.2 million, accelerated depreciation/start-up costs $10.1 million in cost of sales, and $6.1 million project administration in SM&A. Cumulative program-to-date pre-tax charges of $629.1 million include $85.0 million of non-cash pension settlement losses ($60.4M in 2009). Six manufacturing facilities identified for closure: Dartmouth (Nova Scotia), Oakdale (California) and Montreal (Quebec) closed and sold; Naugatuck (Connecticut), Reading (Pennsylvania) and Smiths Falls (Ontario) closed and held for sale. December 2008 scope expansion raised expected program cost by about $25 million. No cumulative program-wide headcount disclosed (only the ~150-employee fiscal 2009 expansion severance, captured as a separate action). | ||
| 2009-12-31 | plant_closure | completed | 150 | 2008-12 | 2009-12-31 | Berkeley and San Francisco, California, United States | Manufacturing — Artisan Confections Company (wholly-owned subsidiary) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | December 2008 expansion of the global supply chain transformation program: closure of two subscale manufacturing facilities with production consolidated into existing U.S. facilities, plus rationalization of select portfolio items. Severance for approximately 150 employees was recorded in fiscal 2009 and is included within the program's $99.1 million fiscal-2009 charge total; the expansion increased expected program cost by about $25 million. | ||
| 2009-12-31 | plant_closure | completed | 2007-02 | 2009-12-31 | North America (Nova Scotia, Quebec, Ontario, California, Connecticut, Pennsylvania) | Manufacturing — global supply chain transformation program | USD 99 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2009 activity within multi-year GSCT program announced February 2007; program essentially complete at fiscal year-end. Six facilities identified for closure: Dartmouth NS, Oakdale CA and Montreal QC closed and sold; Naugatuck CT, Reading PA and Smiths Falls ON closed and held for sale. Charge shown is total 2009 program costs, including $60.4M non-cash pension settlement loss and $2.5M employee separation costs. | ||
| 2009-12-31 | plant_closure | completed | 150 | 2008-12 | 2009-12-31 | United States (Berkeley and San Francisco, California) | Artisan Confections Company — manufacturing | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | December 2008 approved expansion of GSCT scope covering closure of two subscale Artisan Confections facilities; 2009 charges included severance for approximately 150 employees. Incremental charge amount not separately disclosed. | ||
| 2009-12-31 | acquisition_addition | completed | 2009-03 | 2009-03-31 | Singapore / Asia and Middle East | Consumer business (Van Houten brand, retail and duty free channels) | USD 15 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Van Houten Singapore consumer business from Barry Callebaut AG completed March 2009; purchase price approximately $15.2M. Headcount added through the acquisition not disclosed. | ||
| 2009-12-31 | restructuring | completed | 150 | 2008-12 | 2009-12-31 | United States | Manufacturing | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Expansion of global supply chain transformation program to include closure of two subscale manufacturing facilities of Artisan Confections Company in Berkeley and San Francisco, California. Severance for approximately 150 employees recorded in 2009. | ||
| 2009-12-31 | plant_closure | completed | 2007-02 | 2009-12-31 | North America | Manufacturing | USD 22 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Global supply chain transformation program plant closure expenses of $22.2 million in 2009. Facilities in Dartmouth, Nova Scotia; Oakdale, California; and Montreal, Quebec closed and sold. Facilities in Naugatuck, Connecticut; Reading, Pennsylvania; and Smiths Falls, Ontario closed and held for sale. | ||
| 2009-10-04 | plant_closure | in_progress | 150 | 2008-12 | United States (Berkeley and San Francisco, California) | Artisan Confections Company — manufacturing | USD 25 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | December 2008 scope expansion of the global supply chain transformation program; severance for about 150 employees, with charges recorded in 2009. The $25M figure is the increase in total expected program cost, not a severance-specific amount. | ||
| 2009-10-04 | plant_closure | in_progress | 2007-02 | United States, Canada | Manufacturing facilities (Dartmouth, Oakdale, Montreal closed and sold; Naugatuck, Reading, Smiths Falls closed and held for sale) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Facility closures under the global supply chain transformation program announced February 2007; no employee counts disclosed for these sites. Employee separation costs of $3.1M recorded YTD 2009. | ||||
| 2009-10-04 | restructuring | in_progress | 150 | 2008-12 | United States | Artisan Confections Company | USD 25 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Expansion of global supply chain transformation program to include closure of two subscale manufacturing facilities in Berkeley and San Francisco, CA. Includes severance for approximately 150 impacted employees. | ||
| 2009-07-05 | plant_closure | completed | 2007-02 | United States and Canada | Manufacturing — global supply chain transformation program | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Dartmouth, Nova Scotia; Oakdale, California; and Montreal, Quebec plants reported closed and sold as of July 5, 2009. No employee counts or facility-level severance amounts disclosed. | ||||
| 2009-07-05 | plant_closure | completed | 2007-02 | United States and Canada | Manufacturing — global supply chain transformation program | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Naugatuck, Connecticut; Reading, Pennsylvania; and Smiths Falls, Ontario plants reported closed and held for sale as of July 5, 2009. Real estate with $20.5 million carrying value held for sale. No employee counts disclosed. | ||||
| 2009-07-05 | restructuring | in_progress | 150 | 2008-12 | United States (California) | Artisan Confections Company — manufacturing | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Board-approved expansion of the global supply chain transformation program covering closure of the Berkeley and San Francisco, California facilities and portfolio rationalization; severance for approximately 150 impacted employees, with charges to be recorded in 2009. The scope increase raised total expected program cost by about $25 million; no separate severance amount disclosed for this sub-component. | |||
| 2009-07-05 | restructuring | in_progress | 150 | 2008-12-01 | United States | Manufacturing | USD 25 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Expansion of global supply chain transformation program to include closure of two subscale manufacturing facilities of Artisan Confections Company in Berkeley and San Francisco, CA. Includes severance for approximately 150 impacted employees. | ||
| 2009-04-05 | plant_closure | in_progress | 150 | 2008-12 | United States (Berkeley and San Francisco, California) | Artisan Confections Company manufacturing | USD 25 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | December 2008 expansion of the global supply chain transformation program: closure of two subscale Artisan Confections facilities with production consolidated into existing U.S. plants; severance for about 150 employees. Charge figure is the increase in total expected program cost approved with the expansion; related charges to be recorded in 2009. | ||
| 2009-04-05 | plant_closure | completed | 2007-02 | United States and Canada (Dartmouth, Nova Scotia; Oakdale, California; Montreal, Quebec; Naugatuck, Connecticut; Reading, Pennsylvania; Smiths Falls, Ontario) | Manufacturing — global supply chain transformation program | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | As of April 5, 2009 the Dartmouth, Oakdale and Montreal facilities had been closed and sold; Naugatuck, Reading and Smiths Falls were closed and held for sale. Employee separation costs relate to involuntary terminations at these sites; no headcount affected is disclosed. | ||||
| 2009-04-05 | acquisition_addition | completed | 2009-03 | Singapore (Van Houten consumer business, Asia and Middle East) | Consumer business — retail and duty free distribution | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of the Van Houten Singapore consumer business from Barry Callebaut, AG for approximately $15.2 million; filing does not disclose headcount added. | ||||
| 2009-04-05 | restructuring | in_progress | 150 | 2008-12-01 | United States | Artisan Confections Company | USD 2 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Expansion of global supply chain transformation program to include closure of two subscale manufacturing facilities in Berkeley and San Francisco, California. Includes severance for approximately 150 impacted employees. | ||
| 2008-12-31 | restructuring | in_progress | 1,500 | 2007-02 | North America (United States and Canada); new production facility in Monterrey, Mexico | Supply chain / manufacturing | USD 130 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Three-year global supply chain transformation program announced February 2007; expected total net reduction of 1,500 positions across the supply chain over the implementation period. FY2008 charges of $130.0 million include $11.5 million employee separation costs, $23.4 million plant closure expense and $12.5 million pension settlement loss. Six North American plants identified for closure: Dartmouth NS, Montreal QC and Oakdale CA closed and sold; Naugatuck CT and Smiths Falls ON closed and held for sale; Reading PA held in use pending closure as of year-end. Total program cost estimated at the upper end of a $575-600 million range. | ||
| 2008-12-31 | plant_closure | announced | 150 | 2008-12 | 2009 | Berkeley and San Francisco, California, United States | Artisan Confections Company (wholly-owned subsidiary) manufacturing | USD 25 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | December 2008 expansion in scope of the global supply chain transformation program; closure of two subscale manufacturing facilities with production consolidated into existing U.S. facilities, plus rationalization of select portfolio items; includes severance for approximately 150 impacted employees; charges to be recorded in 2009. | |
| 2008-12-31 | restructuring | in_progress | 2007-12 | Brazil | Hershey do Brasil | USD 5 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Program approved in Q4 2007 alongside a goodwill impairment. FY2008 charges of $4.9 million (employee separation costs $1.6 million, fixed asset impairment $0.8 million, contract termination and other exit costs $2.6 million) relate to involuntary terminations and office consolidation in connection with the January 2008 cooperative agreement with Bauducco. No headcount figure disclosed for 2008 activity. | |||
| 2008-12-31 | restructuring | in_progress | 1,500 | 2007-02 | 2009-12-31 | North America (U.S., Canada) and Mexico | Supply chain / manufacturing | USD 130 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Program total of 1,500 net position reductions is cumulative across the three-year implementation period; FY2008-specific separation counts not disclosed. FY2008 charges of $130.0 million recorded for the program, including $77.8M in cost of sales, $8.1M in SM&A, and $12.5M pension settlement loss; FY2008 employee separation costs were $11.5M. Program scope expanded in December 2008; total expected pre-tax cost now at upper end of $575M-$600M range. | |
| 2008-12-31 | plant_closure | in_progress | 2007-02 | 2009-12-31 | United States and Canada | Manufacturing / distribution | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Six facilities identified for closure under the supply chain transformation program. Closed and sold by year-end: Dartmouth NS, Montreal QC, Oakdale CA. Closed and held for sale: Naugatuck CT, Smiths Falls ON. Reading PA held pending closure. Per-facility headcount not disclosed; charges captured in the parent restructuring record. | |||
| 2008-12-31 | plant_closure | announced | 150 | 2008-12 | 2009-12-31 | United States (Berkeley and San Francisco, California) | Artisan Confections Company manufacturing | USD 25 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Scope expansion approved December 2008: closure of two subscale Artisan Confections facilities with production consolidated into existing U.S. facilities, plus rationalization of select portfolio items. Approximately 150 employees impacted; charges to be recorded in 2009. | |
| 2008-12-31 | restructuring | in_progress | 2007-12 | 2009-12-31 | Brazil | Hershey do Brasil (office consolidation and workforce reductions) | USD 5 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Program approved in Q4 2007 alongside a $12.3M goodwill impairment. FY2008 charges of $4.9 million relate to involuntary terminations and office consolidation tied to the Bauducco cooperative agreement; affected-employee count not disclosed. | ||
| 2008-12-31 | restructuring | in_progress | 1,500 | 2007-02-01 | 2009-12-31 | North America | Supply Chain | USD 130 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Global supply chain transformation program announced Feb 2007. Total net reduction of 1,500 positions over three years. $130M recorded in 2008. | |
| 2008-12-31 | restructuring | in_progress | 2007-12-01 | Brazil | Other | USD 5 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Brazilian business realignment associated with cooperative agreement with Bauducco. $4.9M recorded in 2008. | |||
| 2008-12-31 | restructuring | announced | 150 | 2008-12-01 | 2009-12-31 | United States | Manufacturing | USD 25 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Expansion of global supply chain program approved Dec 2008. Closure of two Artisan Confections facilities in Berkeley and San Francisco. Charges to be recorded in 2009. | |
| 2008-09-28 | restructuring | in_progress | 1,500 | 2007-02-01 | North America (United States, Canada) | Supply chain / manufacturing | USD 96 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Three-year global supply chain transformation program announced February 2007; net reduction of 1,500 supply chain positions over the implementation period. Charge shown is total costs recorded in the first nine months of 2008 for this program; full program pre-tax cost estimated at $550M-$575M including pension settlement charges. Announcement month stated as February 2007; exact day not disclosed. | ||
| 2008-09-28 | plant_closure | in_progress | 2007-02-01 | United States and Canada | Manufacturing | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Component of the global supply chain transformation program (do not add to program total). Six manufacturing facilities identified for closure: Dartmouth NS, Montreal QC and Oakdale CA closed and sold; Naugatuck CT closed and held for sale; Reading PA and Smiths Falls ON held pending closure. Per-facility headcount not disclosed. | ||||
| 2008-09-28 | restructuring | in_progress | 2007-12-01 | Brazil | Hershey do Brasil | USD 5 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Brazilian business realignment initiated December 2007 alongside cooperative agreement with Bauducco (January 2008); charge shown is business realignment charges recorded in the first nine months of 2008, covering involuntary terminations and office consolidation. Affected-employee count not disclosed. Announcement month stated as December 2007; exact day not disclosed. | |||
| 2008-09-28 | restructuring | in_progress | 2007-02-01 | North America | Supply Chain / Manufacturing | USD 6 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Global supply chain transformation program employee separation costs for Q3 2008 included $4.0 million related to involuntary terminations at North American manufacturing facilities being closed and $1.9 million primarily related to pension settlements. | |||
| 2008-09-28 | restructuring | in_progress | 2007-02-01 | North America | Supply Chain / Manufacturing | USD 18 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Global supply chain transformation program employee separation costs for YTD 2008 included $10.9 million related to involuntary terminations at North American manufacturing facilities being closed and $6.8 million primarily related to pension settlements. | |||
| 2008-09-28 | restructuring | in_progress | 2007-12-01 | Brazil | Corporate / Administrative | USD 0 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Brazilian business realignment employee separation costs for Q3 2008 were $0.092 million. | |||
| 2008-09-28 | restructuring | in_progress | 2007-12-01 | Brazil | Corporate / Administrative | USD 2 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Brazilian business realignment employee separation costs for YTD 2008 were $1.618 million. | |||
| 2008-06-29 | restructuring | in_progress | 1,500 | 2007-02 | North America (global program) | Supply chain / manufacturing | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Global supply chain transformation program: net reduction of 1,500 supply chain positions over a three-year implementation period, with costs incurred primarily in 2007 and 2008. Total estimated pre-tax charges and non-recurring project implementation costs revised to a range of $550 million to $575 million. Includes $66.0 million of program costs recorded in the first six months of 2008. | |||
| 2008-06-29 | plant_closure | completed | 2007-02 | Dartmouth, Nova Scotia, Canada | Manufacturing | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | One of six manufacturing facilities identified for closure under the global supply chain transformation program; facility has been closed and sold. Facility-level headcount not disclosed; any reductions are included in the program's 1,500-position total. | ||||
| 2008-06-29 | plant_closure | completed | 2007-02 | Montreal, Quebec, Canada | Manufacturing | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Facility closed and sold under the global supply chain transformation program. Facility-level headcount not disclosed; included in the program's 1,500-position total. | ||||
| 2008-06-29 | plant_closure | completed | 2007-02 | Oakdale, California, United States | Manufacturing | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Facility closed and sold under the global supply chain transformation program. Facility-level headcount not disclosed; included in the program's 1,500-position total. | ||||
| 2008-06-29 | plant_closure | completed | 2007-02 | Naugatuck, Connecticut, United States | Manufacturing | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Facility closed and being held for sale under the global supply chain transformation program. Facility-level headcount not disclosed; included in the program's 1,500-position total. | ||||
| 2008-06-29 | plant_closure | in_progress | 2007-02 | Reading, Pennsylvania, United States | Manufacturing | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Facility being held and used pending closure, after which it will be offered for sale. Facility-level headcount not disclosed; included in the program's 1,500-position total. | ||||
| 2008-06-29 | plant_closure | in_progress | 2007-02 | Smiths Falls, Ontario, Canada | Manufacturing | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Facility being held and used pending closure, after which it will be offered for sale. Facility-level headcount not disclosed; included in the program's 1,500-position total. | ||||
| 2008-06-29 | restructuring | in_progress | 2007-12 | Brazil | Hershey do Brasil | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Brazilian business realignment associated with the Bauducco cooperative agreement; $3.9 million of charges recorded in the first six months of 2008 for involuntary terminations, fixed asset impairments and office consolidation. Headcount affected not disclosed. Followed a $12.3 million goodwill impairment in Q4 2007. | ||||
| 2008-06-29 | restructuring | in_progress | 2008-03-31 | North America | Manufacturing | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q2 2008 involuntary terminations at North American manufacturing facilities being closed ($3.1 million) plus $4.9 million primarily related to pension settlements; part of the global supply chain transformation program. Employee separation liability of $46.6 million at June 29, 2008; $30.3 million paid against realignment liabilities in the first six months of 2008. Counts not disclosed separately. | ||||
| 2008-06-29 | restructuring | in_progress | 2007-02-01 | North America | Supply Chain / Manufacturing | USD 8 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Global supply chain transformation program employee separation costs for Q2 2008 included $3.1M for involuntary terminations at closing North American facilities and $4.9M for pension settlements. Total program aims to reduce 1,500 positions over three years. | |||
| 2008-06-29 | restructuring | in_progress | 2007-12-01 | Brazil | Corporate / Administrative | USD 0 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Brazilian business realignment employee separation credit of $0.3M in Q2 2008 related to involuntary terminations and office consolidation associated with Bauducco cooperative agreement. | |||
| 2008-03-30 | restructuring | in_progress | 1,500 | 2007-02-01 | North America | Supply chain / manufacturing | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Global supply chain transformation program announced February 2007 (exact day not disclosed); net reduction of 1,500 supply chain positions over a three-year implementation period; estimated total pre-tax cost of $525 million to $575 million, with costs incurred primarily in 2007 and 2008. Q1 2008 net charges associated with 2007 business realignment initiatives totaled $30.7 million. | |||
| 2008-03-30 | plant_closure | in_progress | 2007-02-01 | United States and Canada | Manufacturing | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Six manufacturing facilities identified for closure under the global supply chain transformation program. Dartmouth, Nova Scotia closed and sold; Naugatuck CT, Oakdale CA and Montreal QC closed and held for sale; Reading PA and Smiths Falls ON held pending closure. Per-facility headcount not disclosed; part of the 1,500-position program total. | ||||
| 2008-03-30 | restructuring | in_progress | 2007-12-01 | Brazil | Hershey do Brasil | USD 4 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Brazil business realignment initiated December 2007 (exact day not disclosed); Q1 2008 charges of $4.3 million for involuntary terminations and office consolidation tied to the Bauducco cooperative agreement; Q4 2007 charges included a $12.3 million goodwill impairment and $0.3 million realignment charge. Employee counts not disclosed. | |||
| 2008-03-30 | restructuring | in_progress | 2007-02-01 | North America | Supply Chain / Manufacturing | USD 4 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Global supply chain transformation program employee separation costs related to involuntary terminations at North American manufacturing facilities being closed. Total program estimated to reduce 1,500 positions over three years. | |||
| 2008-03-30 | restructuring | in_progress | 2007-12-01 | Brazil | Corporate / Administrative | USD 2 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Brazilian business realignment charges related to costs for involuntary terminations and office consolidation associated with cooperative agreement with Bauducco. | |||
| 2007-12-31 | restructuring | in_progress | 1,500 | 2007-02 | 2009-12 | Global (primarily North America and Mexico) | Supply chain | USD 400 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Three-year global supply chain transformation program announced February 2007, expected complete by December 2009; entails a total net reduction of 1,500 supply chain positions, cutting production lines by more than one-third, outsourcing low value-added items, and building a plant in Monterrey, Mexico. Costs recorded in 2007 totaled $400.0M: $123.1M in cost of sales (accelerated depreciation, inventory-related costs), $12.6M in SM&A (project management), and $264.3M in realignment/impairment charges ($61.4M fixed asset impairments and plant closure expense, $188.5M employee separation costs, $14.3M contract terminations). Employee separation costs include $109.6M for pension and post-retirement benefit settlements, curtailments and special termination benefits; $68.4M separation liability remained at year-end 2007 payable primarily in 2008-2009. Estimated total pre-tax program cost is $525M-$575M over three years. | |
| 2007-12-31 | plant_closure | in_progress | 2007-02 | United States and Canada | Manufacturing | USD 79 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Six North American manufacturing facilities being closed: Naugatuck CT; Reading PA; Oakdale CA; Smiths Falls ON; Montreal QC; Dartmouth NS. The $79.0M figure is the portion of 2007 employee separation costs primarily for involuntary terminations at these facilities and is included within the $400.0M recorded under the global supply chain transformation program; affected employees are part of the program's 1,500-position net reduction. | |||
| 2007-12-31 | restructuring | in_progress | 2007-12 | Brazil | Hershey do Brasil | USD 13 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Q4 2007 charges totaled approximately $12.6M: a $12.3M non-cash goodwill impairment (no tax benefit) from the annual impairment evaluation and $0.3M of employee separation costs. Remaining charges of approximately $5.0M expected in 2008. In January 2008, Hershey do Brasil entered a cooperative agreement with Pandurata Alimentos LTDA (Bauducco) under which Bauducco will sell and distribute Hershey products in Brazil while Hershey retains a 51% controlling interest. Employee headcount affected not disclosed. | |||
| 2007-12-31 | acquisition_addition | completed | 2007-05 | India | Godrej Hershey Foods and Beverages Company | USD 62 (millions) | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Hershey acquired a 51% controlling interest in Godrej Hershey Foods and Beverages Company effective May 2007; consolidated thereafter including minority interest. The $61.5M represents the Company's 2007 investment (not a workforce charge); total liabilities assumed were $51.6M and annual sales expected to be approximately $70.0M. Headcount of the acquired business was not disclosed. | |||
| 2007-12-31 | restructuring | in_progress | 1,500 | 2007-02-01 | 2009-12-31 | Global | Supply chain / manufacturing | USD 400 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Global supply chain transformation program announced February 2007; total net reduction of 1,500 supply chain positions over three years. Total costs of $400.0 million recorded in 2007; full program estimated at $525–575 million pre-tax over three years. Announcement date given only as month. | |
| 2007-12-31 | plant_closure | in_progress | 2007-02-01 | 2009-12-31 | North America (U.S. and Canada) | Manufacturing | USD 79 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Employee separation costs of $79.0 million for involuntary terminations at six North American facilities being closed: Naugatuck CT, Reading PA, Oakdale CA, Smiths Falls ON, Montreal QC, Dartmouth NS. Sub-component of the global supply chain transformation program; individual headcount per facility not disclosed. | ||
| 2007-12-31 | restructuring | in_progress | 2007-10-01 | 2008-12-31 | Brazil | Hershey do Brasil | USD 13 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Q4 2007 goodwill impairment of $12.3 million plus $0.3 million business realignment charge (employee separations) for the Brazilian business. Remaining charges of approximately $5.0 million expected in 2008. Announcement date given only as quarter. | ||
| 2007-12-31 | acquisition_addition | completed | 2007-05-01 | 2007-05-31 | India | Confectionery, snacks and beverages | USD 62 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquired 51% controlling interest in Godrej Hershey Foods and Beverages Company for $61.5 million; headcount added not disclosed. Announcement date given only as month. | ||
| 2007-12-31 | acquisition_addition | completed | 2007-05-01 | 2007-05-31 | China | Manufacturing (Lotte joint venture) | USD 39 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Invested $39.0 million for a 44% interest in a manufacturing agreement with Lotte Confectionery Co., accounted for under the equity method; headcount not consolidated and not disclosed. Announcement date given only as month. | ||
| 2007-12-31 | restructuring | in_progress | 1,500 | 2007-02-01 | 2009-12-31 | Global | Supply Chain | USD 400 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Global supply chain transformation program resulting in net reduction of 1,500 positions over three years. $400 million recorded in 2007. | |
| 2007-12-31 | restructuring | in_progress | 2007-12-01 | 2008-12-31 | Brazil | Other | USD 13 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Brazilian business realignment including goodwill impairment of $12.3 million and employee separation costs of $0.3 million. Remaining charges of approx $5.0 million expected in 2008. | ||
| 2007-09-30 | restructuring | in_progress | 1,500 | 2007-02 | 2009-12-31 | United States, Canada, Mexico | Supply chain / manufacturing | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | 2007 program: net reduction of 1,500 supply-chain positions over three years. Estimated pre-tax cost $525M–$575M total, including $475M–$525M realignment costs and ~$50M project implementation; $380M–$400M expected in 2007. Consolidated program total — sub-components below are elements of this program. | ||
| 2007-09-30 | plant_closure | in_progress | 2007-02 | 2009-12-31 | United States (CT, PA, CA) and Canada (ON, QC, NS) | Manufacturing — six North American facilities | USD 36 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q3 2007 involuntary termination costs of $35.7M at six closing plants: Naugatuck CT, Reading PA, Oakdale CA, Smiths Falls ON, Montreal QC, Dartmouth NS. Component of the 1,500-position program; per-facility headcounts not disclosed. | ||
| 2007-09-30 | voluntary_separation | in_progress | 2007-09-30 | 2009-12-31 | United States | Supply chain / corporate | USD 68 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q3 2007 charge of $68.0M for pension and other post-retirement curtailments and special termination benefits from early retirement and voluntary severance programs; $97.2M for the nine months. Accepted by employees in Q3 2007 though originally slated for 2008. Component of the 1,500-position program; headcount not disclosed. | ||
| 2007-09-30 | acquisition_addition | completed | 2007-05 | 2007-05 | India | Confectionery, snacks and beverages | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | 51% controlling interest in Godrej Beverages and Foods, Ltd. acquired for $58.7M; consolidated from May 2007 with $60.7M liabilities assumed. Headcount added not disclosed. | |||
| 2007-09-30 | other | announced | 2007-10 | 2007-12-01 | United States | Executive leadership | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Chairman/President/CEO Richard H. Lenny to retire; CEO role transfers to David J. West on 2007-12-01. Robert H. Campbell appointed non-executive Chairman effective 2008-01-01. | |||
| 2007-09-30 | restructuring | in_progress | 1,500 | 2007-02-01 | 2009-12-31 | Global | Supply Chain | USD 550 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | 2007 business realignment initiatives: comprehensive three-year supply chain transformation program. Total net reduction of 1,500 positions across supply chain. Estimated pre-tax cost $525M-$575M over three years. Includes $475M-$525M in business realignment costs and ~$50M in project implementation costs. Q3 2007 charges included $35.7M for involuntary terminations at six North American manufacturing facilities and $68.0M for pension/post-retirement benefit curtailments and special termination benefits. | |
| 2007-07-01 | restructuring | in_progress | 1,500 | 2007-02 | United States and Canada | Supply chain / manufacturing | USD 165 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Three-year supply chain transformation announced February 2007: cut production lines by more than one-third, outsource low value-added items, and build a flexible plant in Monterrey, Mexico; total net reduction of 1,500 supply chain positions over three years (no per-facility counts disclosed; completion date not stated). Charge shown is net pre-tax charges for the six months ended July 1, 2007; full program estimated at $525M-$575M pre-tax over three years including about $50M implementation costs, with $270M-$300M expected in 2007. Second quarter 2007 charges of $124.4M included $51.5M of employee separation costs — $22.3M for involuntary terminations at six North American plants being closed (Naugatuck CT, Reading PA, Oakdale CA, Smiths Falls ON, Montreal QC, Dartmouth NS) and $29.2M for pension/post-retirement curtailments and special termination benefits — plus $13.9M fixed asset impairments and plant closure expenses, $14.3M contract terminations, $41.3M accelerated depreciation and inventory costs in cost of sales, and $3.3M project administration. Employee separation liability of $23.5M at July 1, 2007. | ||
| 2007-07-01 | acquisition_addition | completed | 2007-05 | 2007-05 | India | Confectionery, snacks and beverages | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Invested $58.7 million in May 2007 for a 51% controlling interest in Godrej Beverages and Foods, Ltd.; total liabilities assumed of $59.0 million; included in consolidated results from May 2007 and added $7.4 million to net sales in the six months ended July 1, 2007. Headcount added not disclosed. Further investments of about $23.8 million (combined with the China investment) expected later in 2007 without changing ownership interests. | |||
| 2007-07-01 | other | completed | 2007-05 | 2007-05 | China | Confectionery manufacturing | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Invested $18.3 million in the second quarter of 2007 for a 44% interest in Lotte Confectionery Co., LTD under a manufacturing agreement for the China market; accounted for under the equity method, so no headcount is consolidated. Headcount not disclosed. | |||
| 2007-07-01 | restructuring | in_progress | 1,500 | 2007-02-01 | 2009-12-31 | Global | Supply Chain | USD 525 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | 2007 business realignment initiatives: comprehensive three-year supply chain transformation program resulting in total net reduction of 1,500 positions. Estimated pre-tax cost $525M-$575M over three years. | |
| 2007-04-01 | restructuring | in_progress | 1,500 | 2007-02 | 2010-12-31 | United States and Mexico | Supply chain / manufacturing | USD 525 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Three-year supply chain transformation announced February 2007; total pre-tax cost estimated at $525M-$575M (including ~$50M project implementation costs), with $270M-$300M expected in 2007. Net reduction of approximately 1,500 supply chain positions over three years; includes reducing production lines by more than one-third, outsourcing low value-added items, closing certain manufacturing facilities, and building a plant in Monterrey, Mexico. Q1 2007 charges: $9.9M accelerated depreciation in cost of sales, $3.0M project implementation in SM&A, $27.5M net business realignment charge (fixed asset impairments, plant closure expenses, $1.3M involuntary terminations); $1.3M employee separation liability at 2007-04-01. Filer does not present the program broken out by geography or segment, so one consolidated record is emitted. | |
| 2007-04-01 | restructuring | in_progress | 1,500 | 2007-02-01 | 2009-12-31 | Global | Supply Chain | USD 550 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Announced Feb 2007. Total pre-tax cost expected $525M-$575M over three years. Includes ~1,500 position reductions across supply chain. Q1 2007 charges included $1.3M for involuntary terminations. | |
| 2006-12-31 | voluntary_separation | completed | 2005-07 | 2006-12-31 | United States | Company-wide (not specified) | USD 9,972 (thousands) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Final-year charge under the 2005 business realignment initiatives (originally estimated at $140–150 million pre-tax), which were complete as of December 31, 2006. Fiscal 2006 net realignment charges also included $7.3 million for involuntary terminations relating to organizational changes. Accrued severance liability roll-forward shows $19.7 million utilized and $5.5 million newly accrued during 2006. Accelerated stock-option vesting under this program affected fewer than 100 exiting employees in 2006. | ||
| 2006-12-31 | plant_closure | completed | 2005-07 | 2006-12-31 | Las Piedras, Puerto Rico (United States) | Manufacturing | USD 1,567 (thousands) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Facility closure under the 2005 business realignment initiatives, complete as of fiscal year-end 2006. Fiscal 2005 had included $22.5 million of accelerated depreciation for the closure and $8.3 million of involuntary termination benefits primarily for plant employees; the fiscal 2006 charge reflects final wind-down, and a $1.6 million cost-of-sales credit was recorded for equipment-sale proceeds above expectations. | ||
| 2006-12-31 | restructuring | completed | 2005-07 | 2006-12-31 | International — primarily Canada | Not specified | USD 2,524 (thousands) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Streamlining of international operations under the 2005 business realignment initiatives, complete as of December 31, 2006; $6.7 million of related accrued severance liabilities were utilized during 2006. | ||
| 2006-12-31 | acquisition_addition | completed | 2006-10 | 2006-10 | Ashland, Oregon, United States | Artisan Confections Company (organic/premium chocolate) | USD 17 (millions) | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | October 2006 asset purchase of Dagoba Organic Chocolates, LLC for $17.0 million; acquired business had roughly $8 million in annual sales. Number of employees acquired is not disclosed. | ||
| 2006-12-31 | restructuring | announced | 1,500 | 2007-02 | 2009-12-31 | Global supply chain; post-completion manufacturing concentrated in U.S. and Canada, with new plant planned in Monterrey, Mexico | Supply chain / manufacturing | USD 525 (millions) | subsequent_events f5-10k / GLM-5.3-flash-HTML | Board-approved three-year supply chain transformation program announced after fiscal year-end; targets a net reduction of approximately 1,500 supply chain positions, cutting production lines by more than one-third, outsourcing low value-added items, and constructing a Monterrey, Mexico facility. Estimated pre-tax charges of $525–575 million (value shown is low end) comprise $275–300 million asset write-offs, $200–225 million employment-related costs including pension/post-retirement curtailment impacts, and about $50 million implementation costs; roughly $300 million expected to be charged in 2007. | |
| 2006-12-31 | voluntary_separation | completed | 2005-07 | 2006-12-31 | United States | Company-wide | USD 10 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2006 charge only for the U.S. voluntary workforce reduction program within the 2005 business realignment initiatives; program complete as of December 31, 2006. Employees affected in 2006 not disclosed; total program charges of $140-150M were announced in July 2005 across 2005-2006. | ||
| 2006-12-31 | plant_closure | completed | 2005-07 | 2006-12-31 | Puerto Rico | Manufacturing — Las Piedras plant | USD 2 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2006 asset impairment/realignment charge for U.S. facility rationalization; a $1.6M credit in cost of sales from higher-than-expected equipment sale proceeds at Las Piedras is not allocated to this component. Plant closure and related accelerated depreciation occurred in 2005; 2006 reflects wind-down. | ||
| 2006-12-31 | restructuring | completed | 2005-07 | 2006-12-31 | Canada | International operations | USD 3 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2006 charge for streamlining international operations, primarily Canada; program complete as of December 31, 2006. Employees affected in 2006 not disclosed. | ||
| 2006-12-31 | restructuring | completed | 2003 | 2006-12-31 | United States | Company-wide | USD 1 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2006 charges/credits on prior (2003 and 2001) realignment initiatives to finalize property sales, adjust recorded liabilities, and reflect an employment complaint; activity in current fiscal year only. | ||
| 2006-12-31 | restructuring | announced | 1,500 | 2007-02 | 2009-12-31 | United States, Canada and Mexico | Supply chain / manufacturing | USD 525 (millions) | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Post-year-end announcement (February 2007) of a three-year supply chain transformation: net reduction of approximately 1,500 positions over three years. Estimated pre-tax charges and implementation costs range from $525M to $575M, with approximately $300M expected in 2007; cash portion estimated at $275M-$300M. Headcount figure is program-total, not fiscal-2006 activity. | |
| 2006-12-31 | acquisition_addition | completed | 2006-10 | 2006-10 | United States | Artisan Confections Company — premium/organic chocolate | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | October 2006 purchase of Dagoba Organic Chocolates assets for $17.0M; acquired headcount not disclosed (business had annual sales of approximately $8 million). | |||
| 2006-12-31 | restructuring | completed | 2005-07 | 2006-12-31 | United States | Voluntary workforce reduction | USD 10 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Part of 2005 business realignment initiatives. Charge recorded in 2006 for U.S. voluntary workforce reduction. | ||
| 2006-12-31 | plant_closure | completed | 2005-07 | 2006-12-31 | Puerto Rico | U.S. facility rationalization (Las Piedras plant) | USD 2 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Part of 2005 business realignment initiatives. Charge recorded in 2006 for Las Piedras plant closure. | ||
| 2006-12-31 | restructuring | completed | 2005-07 | 2006-12-31 | Canada | Streamline international operations | USD 3 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Part of 2005 business realignment initiatives. Charge recorded in 2006 for streamlining international operations, primarily Canada. | ||
| 2006-12-31 | restructuring | completed | 2005-07 | 2006-12-31 | United States | Involuntary terminations | USD 7 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Included in net business realignment and asset impairments charges recorded during 2006 for involuntary terminations relating to organizational changes. | ||
| 2006-12-31 | restructuring | announced | 2007-02 | 2009-12-31 | Global | Supply chain transformation | USD 550 (millions) | subsequent_events f5-10k / Qwen3.6-27B-Q8_0 | Supply chain transformation program announced in Feb 2007. Estimated pre-tax charges of $525 million to $575 million over three years. | ||
| 2006-10-01 | restructuring | in_progress | 2005-07 | 2006-12-31 | United States, Puerto Rico and international operations (including Canada) | Company-wide | USD 130 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Program announced July 2005 comprises a U.S. voluntary workforce reduction program, facility rationalization tied to closure of the Las Piedras, Puerto Rico plant, and streamlining of international operations. Company now expects total net pre-tax cost under $130 million ($.30–$.32 per diluted share), reduced from the original $140–$150 million estimate. Nine months 2006 business realignment charge, net, was $9.1 million (third quarter: $1.6 million); no count of employees affected is disclosed. Accrued liability for the program was $19.7 million at October 1, 2006. | ||
| 2006-10-01 | other | announced | 6,400 | 2006-10 | 2007-01-01 | United States | U.S. employees not covered by collective bargaining agreements | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Post-quarter announcement of redesigned U.S. pension and savings plans effective January 1, 2007, affecting approximately 6,400 employees; modified defined benefit plan closed to hires on or after January 1, 2007 with higher 401(k) match. Benefits redesign only — no headcount reduction disclosed. | ||
| 2006-10-01 | acquisition_addition | completed | 2006-10 | United States (Ashland, Oregon) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | October 2006 purchase of the assets of Dagoba Organic Chocolates, LLC; headcount added through the transaction is not disclosed. | |||||
| 2006-10-01 | restructuring | in_progress | 2005-07 | 2006-12-31 | United States | Corporate / International | USD 2 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Q3 2006 charge of $1.6M related primarily to U.S. VWRP, international streamlining, and facility rationalization. Includes $0.7M for involuntary terminations. | ||
| 2006-10-01 | restructuring | in_progress | 2005-07 | 2006-12-31 | United States | Corporate / International | USD 9 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | YTD 2006 charge of $8.6M related primarily to U.S. VWRP, international streamlining, and facility rationalization. Includes $3.6M for involuntary terminations. | ||
| 2006-10-01 | other | announced | 6,400 | 2006-10 | 2007-01-01 | United States | All Functions | subsequent_events f5-10q / Qwen3.6-27B-Q8_0 | Redesign of U.S. pension and savings plans affecting approx. 6,400 non-union employees. Changes effective Jan 1, 2007 include modified defined benefit plan closed to new hires. | ||
| 2006-07-02 | voluntary_separation | in_progress | 2005-07 | 2006-12-31 | United States | Company-wide | USD 70 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | U.S. Voluntary Workforce Reduction Program (VWRP); charge of $69.5M recorded in second half of 2005; $22.9M VWRP liability balance remained at 2006-07-02; no employee count disclosed | ||
| 2006-07-02 | plant_closure | in_progress | 2005-07 | 2006-12-31 | Puerto Rico | Manufacturing — Las Piedras plant | USD 13 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Closure of Las Piedras manufacturing facility; $12.8M facility rationalization charge plus $8.3M involuntary termination benefits and $22.5M accelerated depreciation recorded in second half of 2005; no employee count disclosed | ||
| 2006-07-02 | restructuring | in_progress | 2005-07 | 2006-12-31 | International (primarily Canada) | International operations | USD 14 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Streamlining of international operations, primarily a Canadian VWRP; $14.2M charge recorded in second half of 2005; $2.6M liability balance remained at 2006-07-02; no employee count disclosed | ||
| 2006-07-02 | restructuring | in_progress | 2005-07 | 2006-12-31 | United States | Various | USD 4 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | 2005 Business Realignment Initiatives; charge related primarily to U.S. Voluntary Workforce Reduction Program (VWRP), international streamlining, and facility rationalization (Las Piedras plant closure). Includes $2.1 million for involuntary terminations in Q2 2006. | ||
| 2006-07-02 | restructuring | in_progress | 2005-07 | 2006-12-31 | International | Various | USD 1 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Previous Business Realignment Initiatives (2003/2001); charges resulted from finalization of property sales, liability adjustments, and settlement of age discrimination complaint. | ||
| 2006-04-02 | voluntary_separation | in_progress | 2005-07 | 2006-12-31 | United States | Company-wide (U.S. workforce) | USD 1 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | U.S. Voluntary Workforce Reduction Program (VWRP), part of the 2005 business realignment initiatives announced July 2005. First-quarter 2006 charge of $1.4 million; program liability balance of $26.7 million at 2006-04-02. Number of employees affected is not disclosed in this filing. | ||
| 2006-04-02 | plant_closure | in_progress | 2005-07 | 2006-12-31 | Puerto Rico | Manufacturing — Las Piedras plant | USD 1 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Facility rationalization for closure of the Las Piedras, Puerto Rico manufacturing plant. First-quarter 2006 charge of $1.3 million; a $1.6 million credit in cost of sales was also recorded from higher-than-expected equipment sale proceeds. Headcount affected not disclosed. | ||
| 2006-04-02 | restructuring | in_progress | 2005-07 | 2006-12-31 | International (primarily Canada) | International operations streamlining | USD 1 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Streamlining of international operations, primarily a Canadian VWRP. First-quarter 2006 charge of $0.6 million; program liability balance of $3.5 million at 2006-04-02. Headcount affected not disclosed. | ||
| 2006-04-02 | restructuring | in_progress | 2005-07-01 | 2006-12-31 | United States | Voluntary Workforce Reduction Program | USD 1 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Part of 2005 business realignment initiatives; includes $0.8M for involuntary terminations. | ||
| 2006-04-02 | plant_closure | in_progress | 2005-07-01 | 2006-12-31 | Puerto Rico | Las Piedras Plant | USD 1 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Facility rationalization relating to closure of Las Piedras plant. | ||
| 2006-04-02 | restructuring | in_progress | 2005-07-01 | 2006-12-31 | International | International Operations | USD 1 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Streamlining international operations, primarily associated with costs for a Canadian VWRP. | ||
| 2005-12-31 | voluntary_separation | in_progress | 2005-07 | 2006-12-31 | United States | Company-wide | USD 70 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | U.S. Voluntary Workforce Reduction Program (VWRP), one component of the July 2005 value-enhancing initiatives; $69.5 million recorded in the second half of 2005 against an announced component total of approximately $80 million. Accelerated stock-option vesting for employees exiting under the VWRP affected fewer than 100 people; no total employee count for the program was disclosed. | ||
| 2005-12-31 | plant_closure | completed | 2005-07 | 2005-12-31 | Las Piedras, Puerto Rico (U.S. territory) | Manufacturing | USD 13 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Closure of the Las Piedras manufacturing facility under the facility-rationalization component of the July 2005 initiatives. The 2005 charge included $8.3 million of involuntary termination benefits primarily for Las Piedras plant employees; an additional $22.5 million was recorded in cost of sales, primarily accelerated depreciation for the closure. The related Puerto Rico IRC Section 936 subsidiary was sold in December 2005. Facility rationalization was announced at approximately $41 million, with remaining program charges expected through the first half of 2006. | ||
| 2005-12-31 | voluntary_separation | in_progress | 2005-07 | 2006-12-31 | Canada (primary); other international operations | International operations | USD 14 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Streamlining and restructuring of international operations, including a Canadian Voluntary Workforce Reduction Program; $14.2 million recorded in the second half of 2005, primarily Canadian VWRP costs, against an announced component total of approximately $24 million. | ||
| 2005-12-31 | acquisition_addition | completed | 2005-08 | 2005-08 | San Francisco, California, United States | Premium/specialty chocolate | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Asset acquisition of Joseph Schmidt Confections, Inc. completed August 2005; employee count not disclosed. Combined purchase price with Scharffen Berger of $47.1 million, subject to upward adjustment to a maximum of $61.1 million based on sales growth through 2007; combined annual sales of the two companies approximately $25 million. | |||
| 2005-12-31 | acquisition_addition | completed | 2005-08 | 2005-08 | San Francisco, California, United States | Premium/specialty chocolate | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Acquisition of Scharffen Berger Chocolate Maker, Inc. completed August 2005; employee count not disclosed. Combined purchase price with Joseph Schmidt of $47.1 million, subject to upward adjustment to a maximum of $61.1 million based on sales growth through 2007. | |||
| 2005-12-31 | divestiture_reduction | completed | 2005-10 | 2005-10 | Canada | Freeze pops business | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Sale of the Mr. Freeze freeze pops business completed October 2005 for $2.7 million with no significant gain or loss; employee count not disclosed. | |||
| 2005-12-31 | voluntary_separation | in_progress | 2005-07 | 2006-12-31 | United States | Company-wide | USD 70 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | U.S. Voluntary Workforce Reduction Program; $69.5M of the $96.5M business realignment charge recorded in second half of 2005. Announced program estimate was approximately $80M. Headcount affected not disclosed. Expected ongoing annual savings of $45M–$50M when fully implemented. | ||
| 2005-12-31 | plant_closure | in_progress | 2005-07 | 2006-12-31 | Puerto Rico | Manufacturing — Las Piedras plant | USD 13 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Facility rationalization charge of $12.8M for closure of the Las Piedras, Puerto Rico plant, including $8.3M of involuntary termination benefits primarily for plant employees; separately, $22.5M of accelerated depreciation for the closure was recorded in cost of sales. Announced program estimate was approximately $41M. Headcount affected not disclosed. The related IRC Section 936 subsidiary was sold in December 2005. | ||
| 2005-12-31 | restructuring | in_progress | 2005-07 | 2006-12-31 | International (including Canada) | International operations | USD 14 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Streamlining and restructuring of international operations, primarily costs for a Canadian Voluntary Workforce Reduction Program; $14.2M of the $96.5M business realignment charge recorded in second half of 2005. Announced program estimate was approximately $24M. Headcount affected not disclosed. | ||
| 2005-12-31 | acquisition_addition | completed | 2005-08 | 2005-08 | United States (San Francisco, California) | Premium chocolate — Scharffen Berger and Joseph Schmidt Confections | USD 47 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Combined purchase price of $47.1M, subject to upward adjustment not to exceed $61.1M based on sales growth through 2007; combined annual sales of approximately $25M. Headcount added not disclosed. | ||
| 2005-12-31 | divestiture_reduction | completed | 2005-10 | 2005-10 | Canada | Mr. Freeze freeze pops business | USD 3 (millions) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of the Mr. Freeze freeze pops business completed for $2.7 million with no significant gain or loss. Headcount removed not disclosed. | ||
| 2005-12-31 | restructuring | in_progress | 2005-07-01 | 2006-12-31 | United States | Various | USD 80 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | U.S. Voluntary Workforce Reduction Program (VWRP). Charge of approx $80 million. No specific employee count disclosed in the filing. | ||
| 2005-12-31 | plant_closure | in_progress | 2005-07-01 | 2006-12-31 | Puerto Rico | Manufacturing | USD 41 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Facility rationalization including closure of Las Piedras plant. Charge of approx $41 million. Includes $8.3 million for involuntary termination benefits. | ||
| 2005-12-31 | restructuring | in_progress | 2005-07-01 | 2006-12-31 | International | Various | USD 24 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Streamlining and restructuring of international operations, including a Canadian VWRP. Charge of approx $24 million. | ||
| 2005-10-02 | voluntary_separation | in_progress | 2006-12-31 | United States | Company-wide | USD 63 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | U.S. voluntary workforce reduction program (VWRP) charge recorded in Q3 2005; no headcount disclosed. Program-wide U.S. VWRP cost estimated at approximately $80 million of a total $140–150 million pre-tax program charge, with about 90% recorded in 2005 and the remainder in first half 2006. | |||
| 2005-10-02 | plant_closure | in_progress | 2006-12-31 | Puerto Rico | Manufacturing — Las Piedras plant | USD 10 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Facility rationalization charge for closure of the Las Piedras manufacturing facility, including a $4.7 million liability for involuntary termination benefits, with an additional $1.9 million expected in Q4 2005; a further $16.6 million of accelerated depreciation was recorded in cost of sales. No employee count disclosed. Program-wide facility rationalization cost estimated at approximately $41 million. | |||
| 2005-10-02 | voluntary_separation | in_progress | 2006-12-31 | International (primarily Canada) | International operations | USD 12 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Charge for streamlining international operations, primarily the Canadian VWRP. No headcount disclosed. Program-wide international streamlining and restructuring cost estimated at approximately $24 million. Program expected to generate annual savings of $45–50 million when fully implemented by December 31, 2006. | |||
| 2005-10-02 | acquisition_addition | completed | 2005-08-01 | United States (California) | Premium chocolate — Scharffen Berger and Joseph Schmidt Confections | USD 47 (millions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Combined purchase price for both August 2005 acquisitions, subject to upward adjustment not to exceed $61.1 million based on sales growth through 2007; combined annual sales of approximately $25 million. No headcount added disclosed; announcement month stated as August 2005 (day not specified). | |||
| 2005-10-02 | restructuring | in_progress | 2005-07-01 | 2006-12-31 | United States | Corporate / General | USD 63 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | U.S. voluntary workforce reduction program (VWRP). Part of broader program estimated at $140M-$150M total pre-tax charge. | ||
| 2005-10-02 | plant_closure | in_progress | 2005-07-01 | 2006-12-31 | Puerto Rico | Manufacturing | USD 10 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Facility rationalization relating to closure of Las Piedras plant. Includes $4.7M liability for involuntary termination benefits. | ||
| 2005-10-02 | restructuring | in_progress | 2005-07-01 | 2006-12-31 | Canada | International | USD 12 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Streamlining international operations, primarily associated with costs for the Canadian VWRP. | ||
| 2005-07-03 | voluntary_separation | announced | 2005-07 | 2006-06-30 | United States | USD 80 (millions) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Voluntary workforce reduction program announced July 2005 as part of value-enhancing strategy; approximately 80% of the total $140-150M pre-tax charge expected in remainder of 2005, final 20% in first half of 2006. No employee count disclosed. | |||
| 2005-07-03 | plant_closure | announced | 2005-07 | 2006-06-30 | Puerto Rico | Manufacturing — Las Piedras plant | USD 41 (millions) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Facility rationalization including closure of the Las Piedras (Puerto Rico) plant; no employee count disclosed. | ||
| 2005-07-03 | restructuring | announced | 2005-07 | 2006-06-30 | International (including Canada) | International operations | USD 24 (millions) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Streamlining and restructuring of international operations, including a Canadian voluntary workforce reduction program; no employee count disclosed. | ||
| 2005-07-03 | acquisition_addition | announced | 2005-07 | 2005-09-30 | United States | Confectionery — premium chocolate (Scharffen Berger Chocolate Maker, Inc.) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Agreement to acquire Scharffen Berger announced July 2005, expected to close in Q3 2005 subject to customary closing conditions; acquired headcount not disclosed. | |||
| 2005-07-03 | restructuring | announced | 2005-07 | 2006-12-31 | Global | Various | USD 145 (millions) | subsequent_events f5-10q / Qwen3.6-27B-Q8_0 | Pre-tax charge of $140M-$150M for value-enhancing strategy including voluntary workforce reduction, facility rationalization (Las Piedras plant closure), and international restructuring. | ||
| 2004-12-31 | plant_closure | completed | 2004 | Distribution / warehouse operations | MD&A f5-10k / GLM-5.3-flash-HTML | MD&A cites termination costs from the closing of certain warehouse facilities as a driver of higher 2004 SM&A expense. Employee headcount and charge amount were not disclosed, and it is unspecified whether the costs relate to employee or lease terminations. | |||||
| 2004-12-31 | acquisition_addition | completed | 2004-10 | Mexico | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Hershey Mexico acquired Grupo Lorena, a top Mexican confectionery company, for $39.0 million; annual sales over $30 million, including the Pelón Pelo Rico brand. Employee headcount acquired was not disclosed. | |||||
| 2004-12-31 | acquisition_addition | completed | 2004-12 | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Acquired Mauna Loa Macadamia Nut Corporation for $127.8 million; leading processor and marketer of macadamia snacks with annual sales of approximately $80 million. Employee headcount acquired was not disclosed. | ||||||
| 2004-12-31 | acquisition_addition | completed | 2004-10 | 2004-10 | Mexico | Confectionery | USD 39 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Hershey Mexico acquired Grupo Lorena for $39.0 million; acquired business has annual sales over $30 million (includes Pelón Pelo Rico brand). Headcount added not disclosed; purchase price shown as acquisition consideration, not a workforce charge. | ||
| 2004-12-31 | acquisition_addition | completed | 2004-12 | 2004-12 | United States (Hawaii) | Snacks | USD 128 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquired Mauna Loa Macadamia Nut Corporation for $127.8 million; leading macadamia snack processor with annual sales of approximately $80 million. Headcount added not disclosed; purchase price shown as acquisition consideration, not a workforce charge. | ||
| 2004-12-31 | restructuring | in_progress | 2003-07 | United States | Sales organization and supply chain | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | July 2003 program (sales organization realignment, brand/product divestitures, production line rationalization). No new charges or headcount reductions in FY2004; 2004 activity limited to cash payments reducing the liability from $8.8M to $3.9M at year-end. Employees affected never disclosed; 2003 net charge was $17.2M (prior-year activity, not extracted). | ||||
| 2004-12-31 | restructuring | completed | 2003-07-01 | 2004-12-31 | United States | Sales, Supply Chain | USD 23 (thousands) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | 2003 initiatives including sales organization realignment and supply chain streamlining. Charge includes termination costs, office closing, and asset impairments. Liability reduced to $3.9 million in 2004. | ||
| 2004-12-31 | acquisition_addition | completed | 2004-12-01 | 2004-12-31 | United States | Snacks | business_combinations_footnote f5-10k / Qwen3.6-27B-Q8_0 | Acquisition of Mauna Loa Macadamia Nut Corporation for $127.8 million. Headcount not explicitly disclosed. | |||
| 2004-12-31 | acquisition_addition | completed | 2004-10-01 | 2004-10-31 | Mexico | Confectionery | business_combinations_footnote f5-10k / Qwen3.6-27B-Q8_0 | Acquisition of Grupo Lorena for $39.0 million. Headcount not explicitly disclosed. | |||
| 2004-10-03 | restructuring | in_progress | 2003-07-01 | Sales organization and supply chain | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Program announced July 2003; liability fell from $8.8M at 2003 year-end to $4.4M via cash payments in the first nine months of 2004. No employee count or new charge disclosed this quarter. | |||||
| 2004-07-04 | restructuring | in_progress | 2003-07 | Sales organization; supply chain; production lines | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Program announced July 2003 covering sales organization realignment, divestiture/elimination of non-strategic brands, and production line rationalization. No employee count disclosed. Remaining liability was $5.1M at 2004-07-04, reduced from $8.8M at 2003-12-31 by cash payments during the first half of 2004; no new charge recorded in the current period. | |||||
| 2004-04-04 | restructuring | in_progress | 2003-07 | Sales organization; supply chain | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Program includes employee termination, sales office closing and relocation costs; liability fell from $8.8M at 2003-12-31 to $6.0M at 2004-04-04 via Q1 cash payments. No employee count or completion date disclosed. | |||||
| 2004-04-04 | restructuring | in_progress | 2003-07-01 | Sales organization and supply chain | USD 6 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Liability balance reduced to $6.0 million as of April 4, 2004, primarily relating to employee termination, sales office closing and relocation costs. | ||||
| 2003-12-31 | restructuring | in_progress | 2003-07 | Sales organization and supply chain | USD 23 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | 2003 business realignment announced July 2003: sales organization realignment and supply chain streamlining. $23.4M net charge comprises $10.0M early retirement and involuntary termination costs, $7.3M sales office closing and relocation, $5.7M fixed asset impairments, $0.7M equipment removal, less $0.3M net gain on elimination of non-strategic brands. Headcount not disclosed. Remaining liability of $8.8M at year-end after Q3/Q4 cash payments. Total net program charge of $17.2M ($0.07 per diluted share) also includes $2.1M inventory write-offs in cost of sales and the $8.3M gum-brand sale gain reported separately. | ||||
| 2003-12-31 | voluntary_separation | in_progress | 2003-07 | Not specified | USD 3 (millions) | other f5-10k / GLM-5.3-flash-HTML | Early retirement program that was a component of the 2003 business realignment initiatives; provided enhanced pension special termination benefits of $3.4M plus $0.5M enhanced retiree medical benefits. Headcount not disclosed; costs are included within the $10.0M early retirement and involuntary termination component of the realignment charge. | ||||
| 2003-12-31 | divestiture_reduction | completed | 2003-09 | Confectionery — gum brands (Fruit Stripe, Rain-Blo, Super Bubble) | USD 8 (millions) | other f5-10k / GLM-5.3-flash-HTML | Sale of gum brands to Farley's & Sathers Candy Company completed September 2003 for $20.0M cash; pre-tax gain of $8.3M ($5.7M after tax) recorded in Q3 2003 as part of business realignment initiatives. Headcount impact not disclosed. | ||||
| 2003-12-31 | restructuring | in_progress | 2003-07 | United States | Sales organization and supply chain | USD 17 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Net pre-tax charge of $17.2 million ($.07 per diluted share) for FY2003: $2.1M inventory write-off in cost of sales, $23.4M net business realignment and asset impairments, offset by $8.3M gain on brand divestitures. The $23.4M comprised $10.0M early retirement and involuntary termination costs (including a 2003 early retirement program with $3.4M pension and $0.5M retiree medical special termination benefits), $7.3M sales office closing and relocation, $5.7M fixed asset impairments, $0.7M equipment removal, and a $0.3M net gain. Employees affected not disclosed; liability balance reduced to $8.8M at 2003-12-31. | |||
| 2003-12-31 | divestiture_reduction | completed | 2003-09 | 2003-09-30 | United States | Confectionery — gum brands | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of Fruit Stripe, Rain-Blo and Super Bubble gum brands to Farley's & Sathers Candy Company for $20.0 million cash; gain of $8.3M pre-tax ($5.7M after tax) recorded in Q3 2003. Associated headcount not disclosed. | |||
| 2003-12-31 | restructuring | completed | 2003-07-01 | 2003-12-31 | United States | Sales, Supply Chain | USD 17 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | July 2003 initiatives including sales organization realignment and supply chain streamlining. Net charge of $17.2 million. Specific headcount not disclosed for this action. | ||
| 2003-12-31 | voluntary_separation | completed | 500 | 2001-10-01 | 2002-12-31 | United States, Canada, Puerto Rico | Corporate, Manufacturing | USD 29 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Voluntary Work Force Reduction Program (VWRP) approved in Oct 2001. Reduction of approx 500 employees occurred during 2002. $28.8 million pension settlement costs recorded in 2002. | |
| 2003-09-28 | restructuring | in_progress | 2003-07-01 | 2003-12-31 | United States | Sales organization and supply chain | USD 19 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | July 2003 program: sales organization realignment, brand/product divestitures or eliminations, and production line rationalization. Net charge of $18.8 million ($.08 per diluted share) expected for 2003, of which $.02 per diluted share recognized in the nine months ended 2003-09-28; components include $18.5M employee termination and early retirement costs, $8.6M asset impairment/other costs, and an $8.3M net gain on brand divestiture. Number of employees affected not disclosed. | ||
| 2003-09-28 | divestiture_reduction | completed | United States | Confectionery — gum brands (Fruit Stripe, Rain-Blo, Super Bubble) | USD 8 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of a group of gum brands to Farley's and Sathers Candy Company, Inc. during Q3 2003; proceeds of approximately $20.0 million and an $8.3 million pre-tax net gain recorded. Headcount impact of the divestiture not disclosed. | ||||
| 2003-09-28 | restructuring | in_progress | 2003-07-01 | 2003-12-31 | Sales organization | USD 9 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Q3 2003 charge of $8.6M for realignment of sales organization, including $7.7M employee termination/early retirement costs and $0.9M fixed asset impairment. Part of broader $18.8M expected net charge. | |||
| 2003-09-28 | restructuring | in_progress | 2003-07-01 | 2003-12-31 | Supply chain | USD 5 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | YTD 2003 charge of $5.0M for fixed asset impairment related to production line rationalization and elimination of non-strategic brands. Part of broader $18.8M expected net charge. | |||
| 2003-06-29 | restructuring | announced | 2003-07 | 2003-12-31 | United States | Supply chain, manufacturing and sales organization | USD 17 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | July 2003 announced program: divest/eliminate non-strategic brands, production line rationalization, sales organization realignment. Net charge includes $9.8M termination/early retirement, $8.9M asset impairment/other, $1.7M divestiture gain; $3.9M pre-tax recorded in Q2 2003. No employee count disclosed. | ||
| 2003-06-29 | divestiture_reduction | completed | 2002-06 | 2002-06-30 | United States | Confectionery — Heide brands | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Divestiture of Heide brands in June 2002 cited as a driver of lower six-month 2003 sales; no headcount impact quantified. Prior-period event, included only because referenced in current filing. | |||
| 2003-06-29 | restructuring | in_progress | 2003-07-01 | 2003-12-31 | USD 17 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Initiatives announced in July 2003 include supply chain streamlining, production line rationalization, and elimination of non-strategic brands. Expected net charge of $17.0 million includes $9.8 million for employee termination and early retirement costs. | ||||
| 2002-12-31 | voluntary_separation | completed | 500 | 2001-10-24 | 2002-12-31 | United States, Canada, Puerto Rico | Company-wide (salaried employees eligible) | USD 29 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Voluntary work force reduction program combining enhanced early retirement benefits with an enhanced mutual separation program; approximately 500 employees departed during 2002. The 2002 charge reflects pension settlement losses from lump-sum benefit elections; an additional $8.9M of mutual-separation and administrative cash costs was paid against the 2001 accrual. Early retirement was offered to roughly 1,200 eligible salaried employees. | |
| 2002-12-31 | plant_closure | completed | 614 | 2001-10-24 | 2002-12-31 | Palmyra, PA; Oakdale, CA; Denver, CO; Pennsburg, PA (United States) | Manufacturing and distribution (supply chain efficiency improvements) | USD 2 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Three manufacturing plants and one distribution center closed during 2002 (Palmyra in Q1; Oakdale in Q2; Denver and Pennsburg in Q4). The charge covers 2002 pension curtailment losses and special termination benefits; cash payments included $3.8M of involuntary termination benefits to the 614 terminated employees. Denver property was held for sale and Pennsburg was idle at year-end. | |
| 2002-12-31 | divestiture_reduction | completed | 142 | 2001-10-24 | 2002-12-31 | New Brunswick, New Jersey (United States) | Non-chocolate confectionery brands (product line rationalization) | USD 1 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | June 2002 sale of the Heide, Jujyfruits, Wunderbeans and Amazin' Fruit brands (plus licensed Chuckles rights) to Farley's & Sathers for $12.0M cash triggered closure of the New Brunswick, NJ plant; the 142 terminations during 2002 were primarily tied to this exit, with roughly $1.3M of involuntary termination benefits paid. Facility real estate was still held for sale at year-end. | |
| 2002-12-31 | other | completed | 3,000 | 2002-04-26 | 2002-06-06 | Hershey, Pennsylvania (United States) | Manufacturing (two principal plants) | Item_1_Business f5-10k / GLM-5.3-flash-HTML | Strike by unionized employees at two Hershey, PA plants (about 3,000 workers covered by the expired CBA) following two failed contract ratification votes; negotiations mediated federally. Strike ended when employees ratified a new contract, with returns beginning June 8, 2002; the company stated the work stoppage did not materially affect 2002 results. | ||
| 2002-12-31 | voluntary_separation | completed | 500 | 2001-10-24 | 2002-12-31 | United States, Canada, Puerto Rico | Salaried employees (early retirement and mutual separation) | USD 29 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Voluntary Work Force Reduction Program offered October 2001; approximately 500 employees reduced during 2002. Charge is the 2002 pension settlement loss component; the program's total pre-tax charge of $148.7 million was recorded in Q4 2001. | |
| 2002-12-31 | plant_closure | completed | 614 | 2001-10-24 | 2002-12-31 | United States (Denver CO; Pennsburg PA; Palmyra PA; Oakdale CA) | Manufacturing and distribution | USD 3 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Supply chain efficiency closures. Filer discloses a single consolidated count of 614 terminated employees receiving involuntary termination benefits across the plant and facility closures; $3.8 million of payments. Palmyra closed Q1 2002, Oakdale distribution center ceased Q2 2002, Denver and Pennsburg closed Q4 2002. Charge shown is the 2002 pension curtailment and special termination benefit component. | |
| 2002-12-31 | divestiture_reduction | completed | 142 | 2002-06-30 | 2002-12-31 | United States (New Brunswick, New Jersey) | Non-chocolate confectionery manufacturing | USD 1 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of Heide, Jujyfruits, Wunderbeans, Amazin' Fruit brands and Chuckles license rights to Farley's & Sathers for $12.0 million cash in June 2002, resulting in closure of the New Brunswick facility held for sale at year-end. 142 employees terminated with approximately $1.3 million of involuntary termination benefits paid. | |
| 2002-12-31 | other | completed | 3,000 | 2002-04-26 | 2002-06-06 | United States (Hershey, Pennsylvania) | Two principal manufacturing plants (collective bargaining unit) | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Work stoppage affecting approximately 3,000 employees whose contract expired November 2001; contract rejected twice, strike began April 26, 2002 and ended June 6, 2002 with ratification, employees returning June 8, 2002. Filer states the stoppage did not have a material impact on 2002 results. | ||
| 2002-12-31 | restructuring | completed | 2001-10-24 | 2002-12-31 | United States | Domestic sales organization | USD 0 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Realignment of the domestic sales organization: sales offices closed and certain sales brokers terminated as planned during 2002. Headcount impact not quantified by the filer. | ||
| 2002-12-31 | other | completed | 2002-06-30 | 2002-12-31 | United States | Aseptically packaged drink products | USD 9 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Discontinued and subsequently licensed the U.S. aseptically packaged drink business in Q2 2002; net sales of $11.6 million in 2002. Non-cash write-off of $8.5 million recorded against the business realignment liability. Headcount impact not quantified. | ||
| 2002-12-31 | voluntary_separation | completed | 500 | 2001-10-01 | 2002-12-31 | United States, Canada, Puerto Rico | Various | USD 29 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Voluntary work force reduction program (VWRP) announced in late October 2001. Reduction of approximately 500 full-time employees occurred during 2002. Charge reflects pension settlement losses. | |
| 2002-12-31 | plant_closure | completed | 2001-10-01 | 2002-12-31 | United States | Manufacturing | USD 2 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Closure of manufacturing facilities in Denver, CO; Pennsburg, PA; Palmyra, PA; and distribution center in Oakdale, CA. Charge reflects pension curtailment losses and special termination benefits. Specific headcount not disclosed for closures alone, though 614 employees were terminated associated with plant closures per Note 3. | ||
| 2002-12-31 | divestiture_reduction | completed | 142 | 2001-10-01 | 2002-06-30 | United States | Confectionery | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Sale of non-chocolate confectionery brands to Farley's & Sathers in June 2002 resulted in closure of New Brunswick, NJ facility and termination of 142 employees. | ||
| 2002-09-29 | voluntary_separation | in_progress | 500 | 2001-10 | 2002-12-31 | United States, Canada, Puerto Rico | Multiple functions | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Approximately 500 employee reduction as of 2002-09-29; includes enhanced mutual separation program and early retirement lump-sum pension elections. Part of broader business realignment program approved late October 2001. | ||
| 2002-09-29 | restructuring | in_progress | 139 | 2001-10 | 2002-12-31 | United States | Product line rationalization / Sales organizations | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | 139 employees terminated during first nine months of 2002; involuntary termination benefits paid approximately $1.2 million. Includes sales office closures and broker terminations. | ||
| 2002-09-29 | plant_closure | in_progress | 288 | 2001-10 | 2002-12-31 | United States | Manufacturing / Supply chain | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | 288 employees terminated during first nine months of 2002; involuntary termination benefits paid approximately $0.9 million. Covers closures of plants in Denver CO, Pennsburg PA, Palmyra PA and distribution center in Oakdale CA. | ||
| 2002-09-29 | divestiture_reduction | in_progress | 2002-04-01 | 2002-09-29 | United States | Non-chocolate confectionery manufacturing | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of HEIDE, JUJYFRUITS, WUNDERBEANS, AMAZIN' FRUIT brands to Farley's & Sathers completed Q2 2002; Q3 employee terminations primarily related to closure of associated manufacturing plant. No specific headcount disclosed for this action. | |||
| 2002-09-29 | voluntary_separation | in_progress | 500 | 2001-10-01 | 2002-12-31 | United States, Canada, Puerto Rico | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Voluntary Work Force Reduction Program (VWRP) including early retirement and enhanced mutual separation. Reduction of approx. 500 employees resulted as of Sept 29, 2002. | |||
| 2002-09-29 | restructuring | in_progress | 139 | 2001-10-01 | 2002-12-31 | Product Line Rationalization | USD 1 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | 139 employees terminated during first nine months of 2002 related to product line rationalization. Involuntary termination benefits paid approx $1.2 million. | ||
| 2002-09-29 | restructuring | in_progress | 288 | 2001-10-01 | 2002-12-31 | Supply Chain Efficiency Improvements | USD 1 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | 288 employees terminated during first nine months of 2002 related to supply chain efficiency (plant closures). Involuntary termination benefits paid approx $0.9 million. | ||
| 2002-06-30 | voluntary_separation | in_progress | 500 | 2001-10 | 2002-12-31 | United States, Canada, Puerto Rico | Enterprise-wide (Voluntary Work Force Reduction Program) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Approximately 500 employees reduced as of June 30, 2002. Program combined an early retirement option and an enhanced mutual separation program. Pension settlement costs of $8.6 million (Q1) and $6.4 million (Q2) pre-tax were recorded as incurred; no single severance charge amount is attributed to the program total. | ||
| 2002-06-30 | restructuring | in_progress | 288 | 2001-10 | 2002-12-31 | United States | Supply chain / manufacturing | USD 1 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | 288 employees terminated during the first six months of 2002 with involuntary termination benefits paid of approximately $0.9 million. | |
| 2002-06-30 | plant_closure | completed | 2001-10 | 2002-03-31 | Palmyra, Pennsylvania | Manufacturing | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Manufacturing facility closed during the first quarter of 2002; no employee count disclosed for this closure. | |||
| 2002-06-30 | plant_closure | in_progress | 2001-10 | 2002-12-31 | Denver, Colorado | Manufacturing | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | One of three manufacturing plants planned for closure; asset write-offs continued during the second quarter of 2002. No employee count disclosed. | |||
| 2002-06-30 | plant_closure | in_progress | 2001-10 | 2002-12-31 | Pennsburg, Pennsylvania | Manufacturing | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | One of three manufacturing plants planned for closure; asset write-offs continued during the second quarter of 2002. No employee count disclosed. | |||
| 2002-06-30 | plant_closure | completed | 2001-10 | 2002-06-30 | Oakdale, California | Distribution | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Distribution center operations ceased during the second quarter of 2002. No employee count disclosed. | |||
| 2002-06-30 | restructuring | in_progress | 2001-10 | 2002-12-31 | United States | Sales organizations | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sales offices closed and use of certain sales brokers discontinued during the first and second quarters of 2002; no employee counts disclosed. | |||
| 2002-06-30 | divestiture_reduction | completed | 2002-06-30 | 2002-06-30 | United States | Non-chocolate confectionery brands | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of HEIDE, JUJYFRUITS, WUNDERBEANS and AMAZIN' FRUIT brands plus CHUCKLES license rights to Farley's & Sathers completed in the second quarter for $12.0 million cash; goodwill reduced $7.1 million with a $4.4 million favorable adjustment. No headcount transferred disclosed. | |||
| 2002-06-30 | divestiture_reduction | completed | 2002-06-30 | 2002-06-30 | United States | Aseptically packaged drink business | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Exit from the aseptically packaged drink business recorded as a non-cash write-off of $8.5 million in the second quarter of 2002; no employee count disclosed. | |||
| 2002-06-30 | other | completed | 3,000 | 2002-04-26 | 2002-06-06 | Hershey, Pennsylvania | Two principal manufacturing plants (union-represented employees) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Strike by approximately 3,000 employees after contract rejection; ended June 6, 2002 with ratification, employees returning June 8. Filer states no material impact on second quarter results. | ||
| 2002-06-30 | voluntary_separation | in_progress | 500 | 2001-10-01 | 2002-12-31 | United States, Canada, Puerto Rico | Corporate / General | USD 15 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Voluntary Work Force Reduction Program (VWRP). 500 employees reduced as of June 30, 2002. Includes early retirement and enhanced mutual separation. $8.6M pension settlement in Q1, $6.4M in Q2. | |
| 2002-06-30 | plant_closure | completed | 2001-10-01 | 2002-06-30 | Palmyra, Pennsylvania | Manufacturing | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Manufacturing facility closed in Q1 2002. Asset write-offs of $7.8M recorded. | |||
| 2002-06-30 | plant_closure | completed | 2001-10-01 | 2002-06-30 | Oakdale, California | Distribution | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Distribution center operations ceased in Q2 2002. | |||
| 2002-06-30 | restructuring | in_progress | 288 | 2001-10-01 | 2002-12-31 | United States | Manufacturing / Supply Chain | USD 1 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | 288 employees terminated in first six months of 2002 related to supply chain efficiency (plant closures). Involuntary termination benefits paid approx $0.9M. | |
| 2002-06-30 | other | completed | 3,000 | 2002-04-26 | 2002-06-06 | Hershey, Pennsylvania | Manufacturing | other f5-10q / Qwen3.6-27B-Q8_0 | Strike by approx 3,000 union employees from April 26 to June 6, 2002. Contract ratified June 6. | ||
| 2002-03-31 | voluntary_separation | in_progress | 500 | 2001-10-31 | 2002-12-31 | United States, Canada and Puerto Rico | Corporate-wide | USD 9 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | VWRP comprised an early retirement program and an enhanced mutual separation program; the $8.6M charge recorded in Q1 2002 relates to pension settlement costs for lump-sum elections. Program announced with Board approval in late October 2001. | |
| 2002-03-31 | plant_closure | completed | 275 | 2001-10-31 | 2002-03-31 | Palmyra, Pennsylvania, United States | Manufacturing (supply chain efficiency improvements) | USD 8 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Palmyra plant closed during Q1 2002; approximately 275 employees terminated with about $0.5M of involuntary termination benefits paid. The $7.8M figure is asset write-offs against the impairment reserve, not severance. Closures of Denver, CO and Pennsburg, PA plants also planned under this component. | |
| 2002-03-31 | restructuring | in_progress | 2001-10-31 | 2002-12-31 | United States | Sales organizations | USD 0 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sales offices closed and certain sales brokers discontinued during Q1 2002; no employee count disclosed. Net pre-tax credit of $0.1M recorded against the realignment liability. | ||
| 2002-03-31 | other | announced | 2,700 | 2002-04-26 | Hershey, Pennsylvania, United States | Manufacturing (two principal plants) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Collective bargaining agreement covering approximately 2,700 employees expired November 2001; contract offers rejected February 27 and April 16, 2002; strike initiated April 26, 2002 after 72-hour notice. Subsequent-event labor action. | |||
| 2002-03-31 | voluntary_separation | in_progress | 500 | 2001-10-01 | 2002-12-31 | United States, Canada, Puerto Rico | Corporate / General | USD 9 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Reduction of approx. 500 employees resulted from VWRP in Q1 2002. Charge of $8.6 million relates to pension settlement costs for lump sum payments. | |
| 2002-03-31 | plant_closure | in_progress | 275 | 2001-10-01 | 2002-12-31 | Pennsylvania | Manufacturing | USD 1 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Approx. 275 employees terminated resulting in involuntary termination benefits of approx. $0.5 million. Related to closure of Palmyra, PA plant and other facilities. | |
| 2002-03-31 | other | announced | 2002-04-26 | Pennsylvania | Manufacturing | subsequent_events f5-10q / Qwen3.6-27B-Q8_0 | Union initiated strike on April 26, 2002, after employees voted not to ratify contract offer. Affects approx. 2,700 employees at two principal manufacturing plants. | ||||
| 2001-12-31 | voluntary_separation | in_progress | 600 | 2001-10-24 | 2002-03-31 | United States, Canada, Puerto Rico | Salaried employees | USD 149 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | VWRP comprised early retirement and enhanced mutual separation programs; most participants depart in Q1 2002; charge recorded Q4 2001 | |
| 2001-12-31 | plant_closure | in_progress | 750 | 2001-10-24 | 2002-12-31 | United States | Manufacturing and distribution | USD 46 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Closure of three manufacturing facilities (Denver CO, Pennsburg PA, Palmyra PA) and one distribution center (Oakdale CA); $46.0M net pre-tax charge; total involuntary termination benefits approximately $5.0M | |
| 2001-12-31 | restructuring | in_progress | 2001-10-24 | 2002-12-31 | United States and international | Sales organizations and product lines | USD 28 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Includes sale or exit of certain businesses, discontinuance of non-chocolate confectionery products, and realignment of domestic and international sales organizations; $1.9M of the charge relates to sales office closings and broker terminations | ||
| 2001-12-31 | restructuring | completed | 2001-10-24 | 2002-12-31 | United States | Ingredient manufacturing | USD 5 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Write-off of manufacturing machinery and equipment resulting from outsourcing of ingredient manufacturing; separate $50.1M charge to cost of sales for raw material inventory reductions | ||
| 2001-12-31 | other | announced | 3,000 | 2001-11-30 | Hershey, Pennsylvania | Manufacturing plants | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Collective bargaining agreement covering approximately 3,000 employees at two principal Hershey PA plants expired November 2001; employees voted not to ratify new contract on 2002-02-27; parties agreed to federal mediation | |||
| 2001-12-31 | restructuring | in_progress | 600 | 2001-10-01 | 2002-03-31 | United States, Canada, Puerto Rico | Corporate and Manufacturing | USD 149 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Voluntary work force reduction program (VWRP) including early retirement and enhanced mutual separation. Expected to reduce full-time employees by approx. 600. Most acceptances end employment in Q1 2002. | |
| 2001-12-31 | plant_closure | in_progress | 750 | 2001-10-01 | 2002-12-31 | United States | Manufacturing and Distribution | USD 46 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Closure of three manufacturing facilities (Denver, CO; Pennsburg, PA; Palmyra, PA) and one distribution center (Oakdale, CA). Includes approx. 750 involuntary terminations. | |
| 2001-09-30 | restructuring | announced | 2001-10-24 | United States | Consolidated — includes manufacturing, distribution, sales organization | USD 275 (millions) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Pre-tax business realignment charges of $275M ($1.24/diluted share): $218M restructuring and $57M operating charges; $1.08/share in Q4 2001, $0.16/share in 2002. Includes closure of three manufacturing facilities and one distribution center, voluntary workforce reduction program, elimination of non-strategic brands; no employee count disclosed. Expected annual savings of $60–65M. | |||
| 2001-09-30 | acquisition_addition | completed | Brazil | Chocolate and confectionery (Visagis business, incl. manufacturing plant in Sao Roque) | USD 17 (millions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Hershey do Brasil acquired Visagis chocolate and confectionery business in July 2001 for $17.1M; no headcount disclosed. | ||||
| 2001-09-30 | divestiture_reduction | completed | United States | Luden's throat drops business | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of Luden's throat drops business to Pharmacia Consumer Healthcare completed September 2001; $59.9M cash proceeds, $19.2M pre-tax gain; no headcount disclosed. Supply and services agreements continue through March 2002. | |||||
| 2001-09-30 | restructuring | announced | 2001-10-24 | USD 275 (millions) | subsequent_events f5-10q / Qwen3.6-27B-Q8_0 | Business realignment initiatives including closure of three manufacturing facilities and one distribution center, voluntary workforce reduction program, and sales organization realignment. | |||||
| 2001-07-01 | acquisition_addition | announced | 2001-07-31 | Brazil | Chocolate and confectionery (Hershey do Brasil) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Post-quarter acquisition of the Visagis chocolate and confectionery business, including a manufacturing plant in Sao Roque; acquired business had 2000 sales of approximately $20 million. No employee count disclosed. | ||||
| 2000-12-31 | acquisition_addition | completed | 2000-12 | 2000-12 | North America (includes gum-manufacturing plant in Las Piedras, Puerto Rico) | Consumer foods — intense/breath freshener mints and gum businesses | USD 135 (millions) | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | In December 2000 the Corporation completed the $135.0 million purchase of Nabisco, Inc.'s intense and breath freshener mints and gum businesses, including brands such as Ice Breakers, Breath Savers, Carefree, Bubble Yum and Fruit Stripe, plus manufacturing machinery and a gum plant in Las Piedras, Puerto Rico; the acquired businesses had roughly $270 million of 1999 sales. The number of employees added through the acquisition was not disclosed, and acquired-business results were not included in 2000 consolidated results because the transaction closed very late in the year. The $135.0 million is purchase consideration, not a severance or restructuring charge. | ||
| 2000-12-31 | acquisition_addition | completed | United States (including Puerto Rico) | Confectionery (mints and gum) | USD 135 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Completed December 2000; $135.0 million purchase of Nabisco's intense mints and gum businesses (Ice Breakers, Breath Savers, Bubble Yum, Fruit Stripe, Carefree, Stick*Free) including a Las Piedras, Puerto Rico plant. Acquired businesses had approximately $270 million of 1999 sales; headcount added not disclosed. | ||||
| 2000-12-31 | acquisition_addition | completed | 2000-12-31 | 2000-12-31 | United States, Puerto Rico | Confectionery | USD 135 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Acquisition of Nabisco's intense and breath freshener mints and gum businesses completed in December 2000. Includes manufacturing plant in Las Piedras, Puerto Rico. Headcount not explicitly disclosed. | ||
| 2000-12-31 | divestiture_reduction | completed | 1999-01-31 | 1999-01-31 | United States | Pasta | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Sale of pasta business completed in January 1999. Headcount not explicitly disclosed in 2000 filing. | |||
| 2000-10-01 | acquisition_addition | announced | 2000-11-06 | 2000-12-31 | United States; Puerto Rico (Las Piedras gum plant) | Confectionery — intense mints and gum businesses | USD 135 (millions) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Agreement to acquire Nabisco's mints and gum businesses (1999 sales ~$270M) for $135M, including the Las Piedras, Puerto Rico plant. No employee count disclosed; conditional on Philip Morris/Nabisco Holdings closing and FTC approval. | ||
| 1999-12-31 | divestiture_reduction | completed | 1999-01 | United States | U.S. pasta business (Hershey Pasta Group) | Item_1_Business f5-10k / GLM-5.3-flash-HTML | Reduction of approximately 900 full-time and 30 part-time employees resulted from completion of the sale of the U.S. pasta business in January 1999 (completion date used; sale announcement date not disclosed in this filing). Note 2 and MD&A add: $450.0 million cash proceeds received, 94% majority interest sold to New World Pasta LLC with 6% minority interest retained, and a gain of $243.8 million pre-tax ($165.0 million / $1.17 per diluted share after tax); no severance or restructuring charge was disclosed, so the gain is not captured as an associated charge. Affected-employee count left unsummed because the filer disclosed only the full-time and part-time components. | ||||
| 1999-12-31 | divestiture_reduction | completed | 900 | 1999-01-31 | 1999-01-31 | United States | Pasta business | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Approximately 900 full-time employees reduced upon completion of the U.S. pasta business sale to New World Pasta, LLC in January 1999. An additional 30 part-time employees were also affected. | ||
| 1999-12-31 | divestiture_reduction | completed | 30 | 1999-01-31 | 1999-01-31 | United States | Pasta business | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Approximately 30 part-time employees reduced upon completion of the U.S. pasta business sale in January 1999. | ||
| 1999-12-31 | divestiture_reduction | completed | 930 | 1999-01-01 | 1999-01-01 | United States | Pasta Business | Item_1_Business f5-10k / Qwen3.6-27B-Q8_0 | Reduction of approximately 900 full-time and 30 part-time employees resulting from the completion of the sale of the pasta business in January 1999. | ||
| 1999-10-03 | divestiture_reduction | completed | 1999-01 | United States | Pasta business | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of the pasta business completed in January 1999; gain of $243.8 million recorded. No employee count associated with the divestiture is disclosed in this filing. | ||||
| 1999-07-04 | divestiture_reduction | completed | 1999-01-31 | United States | Pasta business | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of the pasta business recorded a $243.8 million gain in January 1999; filing does not quantify any associated workforce reduction. | ||||
| 1999-04-04 | divestiture_reduction | completed | 1999-02-19 | United States | Pasta business | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of the pasta business to New World Pasta (gain of $243.8 million recorded January 1999). No employee counts, severance figures, or workforce impacts disclosed anywhere in the filing. | ||||
| 1998-12-31 | divestiture_reduction | completed | 1998-12 | 1999-01 | United States | U.S. pasta business (94% majority interest sold to New World Pasta, LLC) | Item_1_Business f5-10k / GLM-5.3-flash-HTML | Completion of the pasta-business sale in January 1999 eliminated roughly 900 full-time and 30 part-time positions; the filer does not state a combined affected-employee total. Transaction detail (Note 2 / MD&A): $450.0 million cash proceeds, 6% retained minority interest, and an after-tax gain of approximately $165.0 million (about $1.13 per diluted share) recorded in the first quarter of 1999. A gain was recorded rather than a charge, so charge fields are left null. | |||
| 1998-12-31 | divestiture_reduction | completed | 930 | 1998-12-01 | 1999-01-31 | United States | U.S. pasta business | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of 94% interest in U.S. pasta business completed January 1999; approximately 900 full-time and 30 part-time employees separated. Filer states combined figure of ~930. | ||
| 1998-12-31 | divestiture_reduction | completed | 930 | 1998-12-31 | 1999-01-31 | United States | Pasta Business | Item_1_Business f5-10k / Qwen3.6-27B-Q8_0 | Reduction of approximately 900 full-time and 30 part-time employees resulted from the completion of the sale of the pasta business in January 1999. Announced in 1998 filing as subsequent event. | ||
| 1998-10-04 | divestiture_reduction | announced | 1998-11-09 | United States | Hershey Pasta and Grocery Group (U.S. pasta business) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Post-quarter announcement of exploring a possible sale of the U.S. pasta business (1997 sales of $400 million), with Goldman Sachs engaged; no headcount impact disclosed. | ||||
| 1997-12-31 | voluntary_separation | completed | 1995-08-01 | United States | Domestic operations | USD 17 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Pre-tax charge for voluntary retirement program announced August 1995; disclosed as prior-year program context in FY1997 filing. No employee count given. | |||
| 1997-12-31 | divestiture_reduction | completed | 1996-12-01 | 1996-12-31 | Germany; Italy | Confectionery (Gubor and Sperlari) | USD 35 (millions) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of Gubor and Sperlari to Huhtamaki; after-tax loss of $35.4M. No headcount disclosed. | ||
| 1997-12-31 | acquisition_addition | completed | 1996-12-01 | 1996-12-31 | United States | Confectionery (Leaf North America) | USD 437 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Leaf North America for $437.2M plus $17.0M debt assumed; no headcount disclosed. | ||
| 1997-12-31 | acquisition_addition | completed | 1996-12-31 | North America | Confectionery | USD 437 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Acquisition of Huhtamaki's Leaf North America confectionery operations. Employee count not disclosed. | |||
| 1997-12-31 | divestiture_reduction | completed | 1996-12-31 | Germany, Italy | Confectionery, Grocery | USD -35 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Sale of Gubor Holding GmbH and Sperlari, S.r.l. Employee count not disclosed. | |||
| 1997-12-31 | divestiture_reduction | completed | 1996-01-31 | Canada | Grocery, Confectionery | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Sale of Planters nut business and Life Savers hard candy business. Employee count not disclosed. | ||||
| 1996-12-31 | restructuring | completed | 500 | 1994 | 1996 | United States and international (domestic and foreign operations) | Manufacturing, technical and administrative functions; 1996 completion activities included consolidation of the pasta and grocery field sales organizations | USD 106 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Multi-year program announced in late 1994 (pre-tax charge recorded in Q4 1994) and completed during fiscal 1996, when the remaining $7.6 million of reserves was utilized, partly for severance and relocation tied to consolidating the pasta and grocery field sales organizations. The approximately 500 positions reflect the program-level count tied to the $34.3 million severance component; no 1996-specific headcount was disclosed. Other 1994 charge components: $39.1 million anticipated losses on business disposals, $17.5 million product line discontinuations, and $15.2 million consolidation of operations and machinery disposal. | |
| 1996-12-31 | voluntary_separation | completed | 1995-08 | United States | Domestic salaried employees age 55 and over | USD 17 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Voluntary retirement program announced August 1995 for domestic salaried employees age 55 and over; the related pre-tax charge was recorded in Q3 1995, primarily to fund early-retirement benefits for electing employees. Participant count not disclosed. A Q4 1995 partial reversal of 1994 restructuring reserves more than offset this charge. Action was announced and charged in fiscal 1995; captured here because it is disclosed within this 10-K's restructuring disclosure. | |||
| 1996-12-31 | acquisition_addition | completed | 1996-12 | 1996-12 | United States (Denver, Colorado; Memphis, Tennessee; Robinson, Illinois) | Confectionery (Leaf North America) | USD 437 (millions) | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Acquisition of Huhtamaki Oy's Leaf North America confectionery operations completed December 1996 for $437.2 million plus $17.0 million of assumed debt; total liabilities assumed, including debt, were $138.0 million. Headcount added was not disclosed. Includes a trademark and technology license covering brands such as GOOD & PLENTY, HEATH, JOLLY RANCHER, MILK DUDS, PAYDAY and WHOPPERS for North, Central and South America. | ||
| 1996-12-31 | divestiture_reduction | completed | 1996-12 | 1996-12 | Germany and Italy | Confectionery and grocery (Gubor and Sperlari) | USD 35 (millions) | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Sale to Huhtamaki of Gubor (German assorted pralines and seasonal chocolate) and Sperlari (Italian confectionery and grocery) completed December 1996; proceeds of $121.7 million and an after-tax loss of $35.4 million with no tax benefit recorded. Employee headcount removed was not disclosed; the two businesses had combined net sales of $216.6 million in 1996. | ||
| 1996-12-31 | divestiture_reduction | completed | 1996-01 | 1996-01 | Canada | Nut and hard candy / cough drop product lines (Planters; Life Savers, Breath Savers and Beech-Nut brands) | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Sale of Hershey Canada's PLANTERS nut business (to Johnvince Foods Group) and LIFE SAVERS/BREATH SAVERS hard candy and BEECH-NUT cough drops business (to Beta Brands Inc.) completed January 1996; both transactions were part of the restructuring program announced in late 1994. Employee headcount not disclosed. | |||
| 1996-12-31 | restructuring | completed | 1996-12-31 | United States | Pasta and Grocery field sales organization | USD 8 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Remaining $7.6M of accrued restructuring reserves from the 1994 program were utilized in 1996 as the program completed; a portion funded severance and relocation for consolidation of pasta and grocery field sales. No FY1996 employee count disclosed. | |||
| 1996-12-31 | acquisition_addition | completed | 1996-12-01 | 1996-12-31 | United States | Confectionery (Leaf North America) | USD 437 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquired Leaf North America confectionery operations from Huhtamaki Oy for $437.2M plus $17.0M debt assumed. Purchase price, not a workforce charge. No headcount disclosed. | ||
| 1996-12-31 | divestiture_reduction | completed | 1996-12-01 | 1996-12-31 | Europe (Germany, Italy) | Confectionery and grocery (Gubor, Sperlari) | USD 35 (millions) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sold Gubor Holding GmbH and Sperlari S.r.l. to Huhtamaki; after-tax loss of $35.4M with no tax benefit. Combined net sales of divested businesses were $216.6M in 1996. No headcount disclosed. | ||
| 1996-12-31 | divestiture_reduction | completed | 1996-01-01 | 1996-01-31 | Canada | Planters nuts and Life Savers / Breath Savers / Beech-Nut businesses | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sold assets of Hershey Canada's Planters and Life Savers businesses to Johnvince Foods Group and Beta Brands Inc. as part of the late-1994 restructuring program. No headcount or charge disclosed for this transaction. | |||
| 1996-12-31 | restructuring | completed | 1994-Q4 | 1996-12-31 | Global | Manufacturing, Technical, Administrative, Sales | USD 8 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Remaining $7.6 million of accrued restructuring reserves from 1994 program utilized in 1996. Includes severance/relocation for pasta/grocery sales consolidation. Original 1994 charge eliminated approx 500 positions. | ||
| 1996-12-31 | voluntary_separation | completed | 1995-08 | 1995-12-31 | Domestic | Eligible employees age 55+ | USD 17 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Voluntary retirement program announced August 1995. Pre-tax charge of $16.6 million recorded in 1995. Funded from operating cash flows. | ||
| 1996-12-31 | acquisition_addition | completed | 1996-12 | 1996-12-31 | North America | Confectionery | Item_1_Business f5-10k / Qwen3.6-27B-Q8_0 | Acquisition of Huhtamaki's Leaf North America confectionery operations in December 1996. Headcount not explicitly disclosed. | |||
| 1996-12-31 | divestiture_reduction | completed | 1996-12 | 1996-12-31 | Germany, Italy | Confectionery, Grocery | Item_1_Business f5-10k / Qwen3.6-27B-Q8_0 | Sale of Gubor Holding GmbH and Sperlari, S.r.l. to Huhtamaki in December 1996. Headcount not explicitly disclosed. | |||
| 1996-12-31 | divestiture_reduction | completed | 1996-01 | 1996-01-31 | Canada | Nut, Candy | Item_1_Business f5-10k / Qwen3.6-27B-Q8_0 | Sale of Planters and Life Savers businesses in January 1996. Headcount not explicitly disclosed. | |||
| 1996-09-29 | restructuring | completed | 1994 | 1996-06-30 | United States and international | Domestic and international operations | USD 106 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Pre-tax restructuring charge recorded in Q4 1994 covering cost reduction, elimination of underperforming assets and streamlining; program reported as essentially complete as of June 30, 1996. No employee counts disclosed. | ||
| 1996-09-29 | divestiture_reduction | completed | 1996-01 | 1996-01 | Canada | Planters nut and Life Savers / Breath Savers hard candy and Beech-Nut cough drop businesses | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of assets completed January 1996 as part of the restructuring program; no headcount impact quantified. MD&A notes these divestitures reduced net sales in the nine-month period. | |||
| 1996-09-29 | acquisition_addition | announced | 1996-10-23 | 1996-12-31 | North America (acquisition); Europe (divestiture of Gubor, Germany and Sperlari, Italy) | Confectionery | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Preliminary agreement with Huhtamaki Oy to acquire Leaf North America confectionery operations for US $440 million plus a brand license royalty, with reciprocal sale of Hershey's European confectionery interests for US $110 million. No headcount disclosed; completion subject to board and regulatory approval. | |||
| 1996-09-29 | restructuring | completed | 1994-Q4 | 1996-06-30 | Domestic and international | General | USD 106 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Pre-tax charge recorded in Q4 1994; program essentially complete as of June 30, 1996. | ||
| 1996-09-29 | divestiture_reduction | completed | 1995-06 | 1995-06 | International | Confectionery | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Sale of Overspecht B.V. (OZF Jamin) to management buyout group. | |||
| 1996-09-29 | divestiture_reduction | completed | 1996-01 | 1996-01 | Canada | Confectionery | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Sale of Hershey Canada Inc.'s Planters, Life Savers, and Beech-Nut businesses. | |||
| 1996-09-29 | acquisition_addition | completed | 1995-12 | 1995-12 | New Brunswick, N.J. | Confectionery | USD 13 (millions) | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Acquisition of Henry Heide, Incorporated. | ||
| 1996-09-29 | acquisition_addition | announced | 1996-10 | 1996-12-31 | North America | Confectionery | USD 440 (millions) | subsequent_events f5-10q / Qwen3.6-27B-Q8_0 | Preliminary agreement to acquire Huhtamaki's Leaf North America confectionery operations. | ||
| 1996-09-29 | divestiture_reduction | announced | 1996-10 | 1996-12-31 | Europe | Confectionery | USD 110 (millions) | subsequent_events f5-10q / Qwen3.6-27B-Q8_0 | Preliminary agreement to sell European confectionery interests, Gubor, and Sperlari to Huhtamaki. | ||
| 1996-06-30 | restructuring | completed | 1994-12 | 1996-06-30 | United States and international | Domestic and international operations | USD 106 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Pre-tax restructuring charge recorded in Q4 1994 (prior to this reporting period); no employee counts or severance headcount detail disclosed. Program reported as essentially complete at 1996-06-30. | ||
| 1996-06-30 | divestiture_reduction | completed | 1996-01 | Canada / United States | PLANTERS nut and LIFE SAVERS / BEECH-NUT confectionery businesses | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of Hershey Canada's Planters and Life Savers businesses completed January 1996 as part of the restructuring program; headcount removed not disclosed. | ||||
| 1996-06-30 | acquisition_addition | completed | 1995-12 | United States | Non-chocolate confectionery (Henry Heide) | USD 13 (millions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Purchase completed December 1995 for approximately $12.5 million; purchase-price figure, not a workforce charge. Headcount added not disclosed; acquisition predates the current six-month period start. | |||
| 1996-03-31 | restructuring | in_progress | 1994-12-31 | 1996-12-31 | Domestic and international | Domestic and international operations | USD 106 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Pre-tax restructuring charge recorded Q4 1994; $85.1M of reserves utilized and $16.7M reversed as of 1996-03-31. Remaining reserves expected to be utilized during 1996. No employee count disclosed. | ||
| 1996-03-31 | divestiture_reduction | completed | 1996-01-31 | Canada | PLANTERS nut and Life Savers / Breath Savers hard candy / Beech-Nut cough drop businesses | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of assets completed January 1996 as part of restructuring program; sold to Johnvince Foods Group and Beta Brands Inc. No employee count disclosed. | ||||
| 1996-03-31 | divestiture_reduction | completed | 1995-06-30 | Netherlands | Overspecht B.V. (OZF Jamin) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale to management buyout group completed June 1995 as part of restructuring program. No employee count disclosed. | ||||
| 1996-03-31 | acquisition_addition | completed | 1995-12-31 | United States | Non-chocolate confectionery (Henry Heide, Incorporated) | USD 13 (millions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition completed December 1995 for approximately $12.5 million; manufacturing facility in New Brunswick, NJ. No employee count disclosed. | |||
| 1995-12-31 | restructuring | in_progress | 500 | 1994 | 1996 | United States and foreign operations | Manufacturing, technical and administrative areas | USD 106 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Multi-year program recorded in Q4 1994 (prior fiscal year); this FY1995 filing reports its continuation. Components: ~$34.3M severance and termination benefits for elimination of approximately 500 positions; ~$39.1M anticipated losses on disposals of certain businesses; ~$17.5M product line discontinuations; ~$15.2M consolidation of operations and disposal of machinery and equipment. Cumulative through fiscal year-end: $81.8M of reserves utilized and $16.7M reversed for changes in estimates; remaining $7.6M to be utilized in early 1996 as final aspects are completed, with ~$18.0M annual savings expected thereafter. | |
| 1995-12-31 | voluntary_separation | completed | 1995-08 | United States | Domestic salaried employees age 55 and over | USD 17 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Pre-tax restructuring charge of $16.6M recorded in Q3 1995, primarily to fund retirement benefits for eligible employees who elected early retirement; funded from operating cash flows. Note 11 reports the pre-tax pension-expense impact of the charge as $13.0M ($7.7M after tax). Participant headcount not disclosed; filing does not explicitly state completion, though elections and the charge were recorded within FY1995. | |||
| 1995-12-31 | divestiture_reduction | completed | 1995-06 | Netherlands and Belgium (Western Europe) | Chocolate and non-chocolate confectionery, cookies, biscuits and ice cream (OZF Jamin) | other f5-10k / GLM-5.3-flash-HTML | Sale of outstanding shares of Overspecht B.V. (OZF Jamin) to a management buyout group completed June 1995 as part of the restructuring program announced in late 1994; business had been purchased in October 1993 for about $20.2M. Employee headcount affected not disclosed. | ||||
| 1995-12-31 | divestiture_reduction | completed | 1995-12 | 1996-01 | Canada | Planters nut; Life Savers and Breath Savers hard candy; Beech-Nut cough drop businesses | other f5-10k / GLM-5.3-flash-HTML | Definitive agreements signed December 1995 to sell the Planters nut business to Johnvince Foods Group and the Life Savers/Breath Savers hard candy and Beech-Nut cough drop businesses to Beta Brands Inc.; both transactions completed January 1996, after fiscal year-end, as part of the late-1994 restructuring program. Employee headcount affected not disclosed. | |||
| 1995-12-31 | acquisition_addition | completed | 1995-12 | New Brunswick, New Jersey, United States | Non-chocolate confectionery (JUJYFRUITS candies, WUNDERBEANS jellybeans) | USD 13 (millions) | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Acquisition of the outstanding shares of Henry Heide, Incorporated completed December 1995 for approximately $12.5M (purchase price). Employee headcount added not disclosed. | |||
| 1995-12-31 | restructuring | in_progress | 500 | 1994-10-01 | 1996-03-31 | Domestic and foreign operations | Manufacturing, technical and administrative | USD 34 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Severance and termination benefits for eliminating approximately 500 positions, part of the $106.1M pre-tax charge recorded in Q4 1994. Cumulative program: $81.8M of reserves utilized and $16.7M reversed through 1995-12-31; $7.6M remaining to be used in early 1996. | |
| 1995-12-31 | voluntary_separation | completed | 1995-08-01 | 1995-12-31 | United States | Domestic eligible employees age 55 and over | USD 17 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Pre-tax charge for a voluntary early-retirement program announced August 1995, primarily funding enhanced retirement benefits; headcount not disclosed. | ||
| 1995-12-31 | acquisition_addition | completed | 1995-12-01 | 1995-12-31 | United States | Confectionery (Henry Heide, Incorporated) | USD 13 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Henry Heide (JUJYFRUITS, WUNDERBEANS) for approximately $12.5M; headcount added not disclosed. | ||
| 1995-12-31 | divestiture_reduction | completed | 1995-06-01 | 1995-06-30 | Netherlands and Belgium | Confectionery (Overspecht B.V. / OZF Jamin) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of OZF Jamin to a management buyout group as part of the restructuring program; headcount removed not disclosed. | |||
| 1995-12-31 | divestiture_reduction | completed | 1995-12-01 | 1996-01-31 | Canada | Hershey Canada — PLANTERS nuts, LIFE SAVERS/BREATH SAVERS hard candy, BEECH-NUT cough drops | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Definitive sale agreements entered December 1995; transactions completed January 1996 as part of the restructuring program. Headcount removed not disclosed. | |||
| 1995-12-31 | restructuring | completed | 500 | 1994-Q4 | 1996-03-31 | Domestic and Foreign | Manufacturing, Technical, and Administrative | USD 106 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Pre-tax charge of $106.1 million recorded in Q4 1994 for elimination of approx. 500 positions. Includes severance, disposal losses, and product line discontinuations. Final reserves utilized in early 1996. | |
| 1995-12-31 | voluntary_separation | completed | 1995-08 | 1995-12-31 | Domestic | Eligible employees age 55 and over | USD 17 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Pre-tax charge of $16.6 million recorded in Q3 1995 for voluntary retirement program. Employee count not explicitly disclosed. | ||
| 1995-10-01 | voluntary_separation | in_progress | 1995-08 | United States | USD 17 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Voluntary Retirement Program announced August 1995; pre-tax charge primarily for funding enhanced retirement benefits of eligible early retirees; funded from operating cash flows; after-tax impact offset by partial reversal of 1994 restructuring reserves. No employee count disclosed. | ||||
| 1995-10-01 | restructuring | in_progress | 1994 | 1995-12-31 | United States and international | USD 40 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Program recorded in Q4 1994 with $106.1M pre-tax charge; $28.5M of reserve utilized and $13.5M reversed in the first nine months of 1995, leaving $40.1M remaining. Components include employee severance, business disposals, product line discontinuations, and consolidation of operations. No employee counts disclosed. | |||
| 1995-10-01 | divestiture_reduction | completed | 1995-06 | 1995-06-30 | Netherlands | Confectionery (OZF/Jamin) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of Overspecht B.V. (OZF/Jamin) to a management buyout completed June 1995; net non-cash charges to restructuring reserves of $15.0M in the first nine months of 1995 related primarily to this divestiture. No headcount removed disclosed. | |||
| 1995-10-01 | voluntary_separation | in_progress | 1995-08-01 | USD 17 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Pre-tax charge of $16.6 million recorded in Q3 1995 for Voluntary Retirement Program announced in August 1995. Primarily related to funding retirement benefits for eligible employees electing early retirement. | |||||
| 1995-10-01 | restructuring | in_progress | 1994-10-01 | 1995-12-31 | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Continuation of 1994 restructuring program. $13.5 million of accrued reserves reversed in 1995 due to revisions in estimates. Remaining reserve of $40.1 million as of Oct 1, 1995. |