TREEHOUSE FOODS, INC., 10-K filed on 2/15/2022
Annual Report
v3.22.0.1
Cover Page - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2021
Jan. 31, 2022
Jun. 30, 2021
Cover [Abstract]      
Document Type 10-K    
Document Annual Report true    
Document Period End Date Dec. 31, 2021    
Current Fiscal Year End Date --12-31    
Document Transition Report false    
Entity File Number 001-32504    
Entity Registrant Name TreeHouse Foods, Inc.    
Entity Incorporation, State or Country Code DE    
Entity Tax Identification Number 20-2311383    
Entity Address, Address Line One 2021 Spring Road,    
Entity Address, Address Line Two Suite 600    
Entity Address, City or Town Oak Brook    
Entity Address, State or Province IL    
Entity Address, Postal Zip Code 60523    
City Area Code 708    
Local Phone Number 483-1300    
Title of 12(b) Security Common Stock, $.01 par value    
Trading Symbol THS    
Security Exchange Name NYSE    
Entity Well-known Seasoned Issuer Yes    
Entity Voluntary Filers No    
Entity Current Reporting Status Yes    
Entity Interactive Data Current Yes    
Entity Filer Category Large Accelerated Filer    
Entity Small Business false    
Entity Emerging Growth Company false    
ICFR Auditor Attestation Flag true    
Entity Shell Company false    
Entity Public Float     $ 2,470.7
Entity Common Stock, Shares Outstanding (in shares)   55,795,178  
Documents Incorporated by Reference Portions of the registrant’s definitive Proxy Statement for its 2022 Annual Meeting of Stockholders are incorporated by reference into Part III of this Form 10-K. The registrant’s definitive Proxy Statement will be filed with the Securities and Exchange Commission ("SEC") within 120 days after the end of the fiscal year to which this report relates pursuant to Regulation 14A.    
Amendment Flag false    
Document Fiscal Year Focus 2021    
Document Fiscal Period Focus FY    
Entity Central Index Key 0001320695    
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Audit Information
 12 Months Ended
Dec. 31, 2021
Audit Information [Abstract]  
Auditor Firm ID 34
Auditor Name DELOITTE & TOUCHE LLP
Auditor Location Chicago, IL
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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 308.6 $ 364.6
Receivables, net of allowance for credit losses of $0.7 and $0.3 209.2 308.8
Inventories 677.8 598.6
Prepaid expenses and other current assets 60.2 86.1
Assets of discontinued operations 0.0 70.7
Total current assets 1,255.8 1,428.8
Property, plant, and equipment, net 1,019.1 1,070.0
Operating lease right-of-use assets 165.6 160.7
Goodwill 2,181.4 2,178.7
Intangible assets, net 555.0 615.0
Other assets, net 30.1 32.5
Total assets 5,207.0 5,485.7
Current liabilities:    
Accounts payable 786.0 627.7
Accrued expenses 274.6 340.6
Current portion of long-term debt 15.6 15.7
Liabilities of discontinued operations 0.0 6.7
Total current liabilities 1,076.2 990.7
Long-term debt 1,890.7 2,199.0
Operating lease liabilities 144.0 144.5
Deferred income taxes 156.5 158.3
Other long-term liabilities 94.2 128.2
Total liabilities 3,361.6 3,620.7
Commitments and contingencies (Note 19)
Stockholders’ equity:    
Preferred stock, par value $0.01 per share, 10.0 shares authorized, none issued 0.0 0.0
Common stock, par value $0.01 per share, 90.0 shares authorized, 55.8 and 55.9 shares outstanding as of December 31, 2021 and 2020, respectively 0.6 0.6
Treasury stock (133.3) (108.3)
Additional paid-in capital 2,187.4 2,179.9
Accumulated deficit (155.7) (143.2)
Accumulated other comprehensive loss (53.6) (64.0)
Total stockholders’ equity 1,845.4 1,865.0
Total liabilities and stockholders’ equity $ 5,207.0 $ 5,485.7
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CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Statement of Financial Position [Abstract]    
Allowance for doubtful accounts $ 0.7 $ 0.3
Preferred stock, par value (in usd per share) $ 0.01 $ 0.01
Preferred stock, shares authorized (in shares) 10,000,000.0 10,000,000.0
Preferred stock, shares issued (in shares) 0 0
Common stock, par value (in usd per share) $ 0.01 $ 0.01
Common stock, shares authorized (in shares) 90,000,000 90,000,000.0
Common stock, shares outstanding (in shares) 55,800,000 55,900,000
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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Income Statement [Abstract]      
Net sales $ 4,327.6 $ 4,349.7 $ 4,288.9
Cost of sales 3,629.5 3,547.5 3,492.1
Gross profit 698.1 802.2 796.8
Operating expenses:      
Selling and distribution 283.2 263.0 256.9
General and administrative 221.2 248.3 253.2
Amortization expense 72.7 70.7 74.1
Asset impairment 9.2 0.0 129.1
Other operating expense, net 90.5 71.1 99.6
Total operating expenses 676.8 653.1 812.9
Operating income (loss) 21.3 149.1 (16.1)
Other expense (income):      
Interest expense 81.2 104.8 102.4
Loss on extinguishment of debt 14.4 1.2 0.0
Gain on foreign currency exchange (1.1) (1.7) (3.5)
Other (income) expense, net (41.7) 27.7 40.8
Total other expense 52.8 132.0 139.7
(Loss) income before income taxes (31.5) 17.1 (155.8)
Income tax benefit (4.4) (32.1) (45.5)
Net (loss) income from continuing operations (27.1) 49.2 (110.3)
Net income (loss) from discontinued operations 14.6 (35.4) (250.7)
Net (loss) income $ (12.5) $ 13.8 $ (361.0)
Earnings (loss) per common share - basic:      
Continuing operations (in usd per share) $ (0.48) $ 0.87 $ (1.96)
Discontinued operations (in usd per share) 0.26 (0.63) (4.46)
Net earnings (loss) per share basic (in usd per share) [1] (0.22) 0.24 (6.42)
Earnings (loss) per common share - diluted:      
Continuing operations (in usd per share) (0.48) 0.87 (1.96)
Discontinued operations (in usd per share) 0.26 (0.62) (4.46)
Net earnings (loss) per share diluted (in usd per share) [1] $ (0.22) $ 0.24 $ (6.42)
Weighted average common shares:      
Basic (in shares) 55.9 56.5 56.2
Diluted (in shares) 55.9 56.7 56.2
[1] The sum of the individual per share amounts may not add due to rounding.
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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Statement of Comprehensive Income [Abstract]      
Net (loss) income $ (12.5) $ 13.8 $ (361.0)
Other comprehensive income (loss), net of tax:      
Foreign currency translation adjustments (3.6) 12.1 12.3
Pension and postretirement reclassification adjustment 14.0 7.9 0.8
Other comprehensive income 10.4 20.0 13.1
Comprehensive (loss) income $ (2.1) $ 33.8 $ (347.9)
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CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)
shares in Millions, $ in Millions
Total
Common Stock
Additional Paid-In Capital
Retained Earnings (Accumulated Deficit)
Treasury Stock
Accumulated Other Comprehensive Loss
Balance (in shares) at Dec. 31, 2018   57.8     (1.8)  
Beginning balance at Dec. 31, 2018 $ 2,160.0 $ 0.6 $ 2,135.8 $ 204.0 $ (83.3) $ (97.1)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) (361.0)     (361.0)    
Other comprehensive income $ 13.1         13.1
Treasury stock repurchases (in shares) 0.0          
Treasury stock repurchases $ 0.0          
Exercise of stock options and issuance of other stock awards (in shares)   0.2        
Exercise of stock options and issuance of other stock awards (5.0)   (5.0)      
Stock-based compensation 23.8   23.8      
Balance (in shares) at Dec. 31, 2019   58.0     (1.8)  
Ending balance at Dec. 31, 2019 1,830.9 $ 0.6 2,154.6 (157.0) $ (83.3) (84.0)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) 13.8     13.8    
Other comprehensive income $ 20.0         20.0
Treasury stock repurchases (in shares) (0.6)       (0.6)  
Treasury stock repurchases $ (25.0)       $ (25.0)  
Exercise of stock options and issuance of other stock awards (in shares)   0.3        
Exercise of stock options and issuance of other stock awards (1.1)   (1.1)      
Stock-based compensation 26.4   26.4      
Balance (in shares) at Dec. 31, 2020   58.3     (2.4)  
Ending balance at Dec. 31, 2020 1,865.0 $ 0.6 2,179.9 (143.2) $ (108.3) (64.0)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) (12.5)     (12.5)    
Other comprehensive income $ 10.4         10.4
Treasury stock repurchases (in shares) (0.5)       (0.5)  
Treasury stock repurchases $ (25.0)       $ (25.0)  
Exercise of stock options and issuance of other stock awards (in shares)   0.4        
Exercise of stock options and issuance of other stock awards (8.2)   (8.2)      
Stock-based compensation 15.7   15.7      
Balance (in shares) at Dec. 31, 2021   58.7     (2.9)  
Ending balance at Dec. 31, 2021 $ 1,845.4 $ 0.6 $ 2,187.4 $ (155.7) $ (133.3) $ (53.6)
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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net (loss) income $ (12.5) $ 13.8 $ (361.0)
Net income (loss) from discontinued operations 14.6 (35.4) (250.7)
Net (loss) income from continuing operations (27.1) 49.2 (110.3)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation and amortization 213.9 203.2 210.6
Asset impairment 9.2 0.0 129.1
Stock-based compensation 15.6 26.1 22.6
Loss on extinguishment of debt 14.4 1.2 0.0
Loss on divestitures 0.0 0.3 0.0
Unrealized (gain) loss on derivative contracts (37.1) 29.9 47.0
Deferred income taxes 4.4 63.4 (63.3)
Other, net 4.8 5.9 (0.5)
Changes in operating assets and liabilities, net of acquisitions and divestitures:      
Receivables 99.5 (36.2) 80.6
Inventories (82.5) (30.8) 65.5
Prepaid expenses and other assets (0.3) (33.1) 7.1
Accounts payable 162.1 108.3 (80.9)
Accrued expenses and other liabilities (44.8) 16.2 (43.6)
Net cash provided by operating activities - continuing operations 332.1 403.6 263.9
Net cash (used in) provided by operating activities - discontinued operations (7.2) 13.1 43.8
Net cash provided by operating activities 324.9 416.7 307.7
Cash flows from investing activities:      
Additions to property, plant, and equipment (100.6) (90.5) (122.7)
Additions to intangible assets (15.3) (15.2) (24.1)
Proceeds from sale of fixed assets 1.7 5.1 4.8
Acquisitions (5.1) (256.7) 0.0
Proceeds from divestitures 0.0 26.9 0.0
Proceeds from sale of investments 17.2 0.0 0.0
Other 0.0 0.0 2.7
Net cash used in investing activities - continuing operations (102.1) (330.4) (139.3)
Net cash provided by (used in) investing activities - discontinued operations 85.3 (2.0) 71.2
Net cash used in investing activities (16.8) (332.4) (68.1)
Cash flows from financing activities:      
Borrowings under Revolving Credit Facility 194.4 100.0 194.1
Payments under Revolving Credit Facility (194.4) (100.0) (194.1)
Repurchases of Notes (602.9) (375.9) 0.0
Payments on finance lease obligations (2.0) (1.8) (1.9)
Payment of deferred financing costs (8.5) (8.3) 0.0
Payments on Term Loans (1,136.7) (14.0) (200.0)
Proceeds from refinanced Term Loans 1,430.0 0.0 0.0
Proceeds from issuance of 2028 Notes 0.0 500.0 0.0
Payment of debt premium for extinguishment of debt (9.0) 0.0 0.0
Repurchases of common stock (25.0) (25.0) 0.0
Receipts related to stock-based award activities 0.0 3.2 0.7
Payments related to stock-based award activities (8.2) (4.2) (5.7)
Net cash (used in) provided by financing activities - continuing operations (362.3) 74.0 (206.9)
Net cash (used in) provided by financing activities - discontinued operations 0.0 0.0 0.0
Net cash (used in) provided by financing activities (362.3) 74.0 (206.9)
Effect of exchange rate changes on cash and cash equivalents (1.8) 4.0 5.3
Net (decrease) increase in cash and cash equivalents (56.0) 162.3 38.0
Cash and cash equivalents, beginning of year 364.6 202.3 164.3
Cash and cash equivalents, end of year 308.6 364.6 202.3
Supplemental cash flow disclosures:      
Interest paid 65.0 84.3 110.2
Net income taxes refunded (14.3) (61.7) (7.3)
Non-cash investing activities:      
Accrued purchase of property and equipment 37.3 36.5 28.8
Accrued other intangible assets 2.3 3.8 3.2
Right-of-use assets and operating lease obligations recognized at / after ASU 2016-02 transition $ 39.5 $ 24.4 $ 13.1
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Summary of Significant Accounting Policies
 12 Months Ended
Dec. 31, 2021
Accounting Policies [Abstract]  
Summary of Significant Accounting Policies 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of Presentation — The Consolidated Financial Statements include the accounts of TreeHouse Foods, Inc. and its 100% owned direct and indirect subsidiaries (the "Company," "TreeHouse,” "we," "us," or "our"). All intercompany balances and transactions are eliminated in consolidation.

Discontinued Operations — Beginning in the third quarter of 2019, the Company determined that both its Snacks division and its Ready-to-eat ("RTE") Cereal business met the discontinued operations criteria in Accounting Standards Codification ("ASC") 205-20-45 and were classified as discontinued operations. As such, both businesses have been excluded from continuing operations and segment results for all periods presented. Refer to Note 7 for additional information.

Use of Estimates — The preparation of our Consolidated Financial Statements in conformity with accounting principles generally accepted in the United States of America ("GAAP") requires management to use judgment to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the Consolidated Financial Statements, and the reported amounts of net sales and expenses during the reporting period. Actual results could differ from these estimates.

Cash and Cash Equivalents — We consider temporary cash investments with an original maturity of three months or less to be cash equivalents. As of December 31, 2021 and 2020, $39.3 million and $92.3 million, respectively, represents cash and cash equivalents held in foreign jurisdictions, in local currencies. The Company is exposed to potential risks associated with its cash and cash equivalents. The Company places its cash and cash equivalents with high credit quality financial institutions. Deposits with these financial institutions may exceed the amount of insurance provided; however, these deposits typically are redeemable upon demand and, therefore, the Company believes the financial risks associated with these financial instruments are minimal.

Accounts Receivable — We provide credit terms to customers in-line with industry standards, perform ongoing credit evaluations of our customers, and maintain allowances for potential credit losses based on historical experience. Customer balances are written off after all collection efforts are exhausted. Estimated product returns, which have not been material, are deducted from sales at the time of shipment.

Inventories — Inventories are stated at the lower of cost or net realizable value. We value inventories using the standard cost method which approximates costs determined on the first-in first-out basis. The costs of finished goods inventories include raw materials, labor, and overhead costs.

Leases — Right-of-use assets and their corresponding lease liabilities are measured and recognized based on the present value of the future minimum lease payments over the lease term at the commencement date. The Company does not record leases with an initial term of 12 months or less on the balance sheet. Expense for these short-term leases is recognized on a straight-line basis over the lease term.

The majority of the Company's leases do not provide an implicit rate; therefore, the Company uses its incremental borrowing rate based on the information available at the commencement date in determining the present value of future payments for those leases. The Company has elected the practical expedient to apply discount rates to its lease portfolio based on the portfolio approach. The Company grouped the leases into portfolios by remaining lease term.

The Company includes lease payments under options to extend or terminate the lease in the measurement of the right-of-use asset and lease liability when it is reasonably certain that it will exercise such options. For operating leases, lease expense for minimum lease payments is recognized on a straight-line basis over the lease term. Finance leases are amortized over the shorter of their lease term or their estimated useful lives, and amortization expense is included in depreciation expense. Fixed lease costs represent the explicitly quantified lease payments prescribed by the lease agreement and are included in the measurement of the right-of-use asset and corresponding lease liability. Variable lease payments that depend on an index or a rate are included in the calculation of the right-of-use asset and lease liability based on the index or rate at lease commencement. Other variable lease payments such as those that depend on the usage or performance of an underlying asset are not included in the measurement of the right-of-use asset or lease liability. The Company has elected the practical expedient to combine lease and nonlease components into a single component for all of its leases.
Property, Plant, and Equipment — Property, plant, and equipment are stated at acquisition cost, plus capitalized interest on borrowings during the actual construction period of major capital projects. Depreciation and amortization are calculated using the straight-line method over the estimated useful lives of the assets as follows:
AssetUseful Life
Buildings and improvements
12-40 years
Machinery and equipment
3-15 years
Office furniture and equipment
3-12 years

Building and leasehold improvements are depreciated over the shorter of the estimated useful life of the assets or the remaining useful life of the associated building or lease.

We perform impairment tests when circumstances indicate that the carrying value of an asset may not be recoverable. Refer to Note 8 for additional information. Expenditures for repairs and maintenance, which do not improve or extend the life of the assets, are expensed as incurred.

Intangible and Other Assets — Identifiable intangible assets with finite lives are amortized over their estimated useful lives as follows:
AssetUseful Life
Customer-related
5 to 20 years
Trademarks
10 to 20 years
Non-competition agreementsBased on the terms of the agreements
Deferred financing costs associated with line-of-credit arrangementsBased on the terms of the agreements
Formulas/recipes
5 to 7 years
Computer software
3 to 10 years

All amortization expense related to intangible assets is recorded in Amortization expense in the Consolidated Statements of Operations.

Indefinite lived trademarks are evaluated for impairment annually in the fourth quarter or more frequently, if events or changes in circumstances indicate that the asset might be impaired. Impairment is indicated when their book value exceeds fair value. If the fair value of an evaluated asset is less than its book value, the asset is written down to fair value, which is generally based on its discounted future cash flows.

Amortizable intangible assets are evaluated for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. If an evaluation of the undiscounted cash flows indicates impairment, the asset group is impaired to its estimated fair value, which is generally based on discounted future cash flows, and the impairment is allocated to the individual assets within the asset group.

Goodwill is evaluated annually in the fourth quarter or more frequently, if events or changes in circumstances require an interim assessment. We assess goodwill for impairment (as of December 31) at the reporting unit level using income and market approaches, employing significant assumptions regarding growth, discount rates, and profitability at each reporting unit. Our estimates under the income approach are determined based on a discounted cash flow model. The market approach uses a market multiple methodology employing earnings before interest, taxes, depreciation, and amortization ("EBITDA") and applies a range of multiples to those amounts in determining the indicated fair value. In determining the multiples used in this approach, we obtain the multiples for selected peer companies using the most recent publicly available information. In determining the indicated fair value of each reporting unit, the Company concludes based on the income approach, and uses the market approach to corroborate, as the Company believes the income approach is the most reliable indicator of the fair value of the reporting units. The resulting value is then compared to the carrying value of each reporting unit to determine if impairment is necessary.
Revenue Recognition — We manufacture and sell food and beverage products to retailers, foodservice distributors, co-manufacturers, and industrial and export channels. Revenue recognition is completed on a point in time basis when product control is transferred to the customer. In general, control transfers to the customer when the product is shipped or delivered to the customer based upon applicable shipping terms. For each contract, the Company considers the transfer of products, each of which is distinct, to be the identified performance obligation generally satisfied within one year. No payment terms beyond one year are granted at contract inception.

Most contracts also include some form of variable consideration. The most common forms of variable consideration include discounts, rebates, and sales returns and allowances. Variable consideration is treated as a reduction in revenue when product revenue is recognized. Depending on the specific type of variable consideration, we use either the expected value or most likely amount method to determine the variable consideration. The Company reviews and updates its estimates and related accruals of variable consideration each period based on the terms of the agreements, historical experience, and any recent changes in the market.  

The Company does not have significant deferred revenue or unbilled receivable balances arising from transactions with customers. We do not capitalize contract inception costs, as contracts are one year or less. The Company does not incur significant fulfillment costs requiring capitalization. Shipping and handling costs associated with outbound freight are included within Selling and distribution expenses and are accounted for as a fulfillment cost as incurred, including shipping and handling costs after control over a product has transferred to a customer. Shipping and handling costs recorded as a component of Selling and distribution expense were approximately $173.5 million, $153.6 million, and $148.3 million for the years ended December 31, 2021, 2020, and 2019, respectively. In addition, any taxes collected on behalf of government authorities are excluded from net sales.

Cost of Sales — Cost of sales represents costs directly related to the manufacture and distribution of our products. Such costs include raw materials, packaging, direct and indirect labor, shipping and handling costs, and overhead which includes depreciation of manufacturing and distribution facilities. Shipping and handling costs included in cost of sales reflect inbound freight, inventory warehouse costs, product loading and handling costs, and costs associated with transporting finished products from our manufacturing facilities to distribution warehouses.

Stock-Based Compensation — We measure compensation expense for our equity awards at their grant date fair value. The resulting expense is recognized over the relevant service period.

Employment-Related Benefits — We provide a range of benefits to our employees, including pension and postretirement benefits to our eligible employees and retirees. We record annual amounts relating to these plans based on calculations specified by GAAP, which include various actuarial assumptions, such as discount rates, assumed investment rates of return, compensation increases, employee turnover rates, and health care cost trend rates. We make modifications to the actuarial assumptions based on plan changes, current rates, and trends when appropriate.

Workers' Compensation — The measurement of the liability for our cost of providing these benefits is largely based upon loss development factors that contemplate a number of variables, including claims history and expected trends. These loss development factors are based on industry factors and, along with the estimated liabilities, are developed by us in consultation with external insurance brokers and actuaries. Changes in loss development factors, claims history, and cost trends could result in substantially different results in the future.

Income Taxes — The provision for income taxes includes federal, foreign, state, and local income taxes currently payable, and those deferred because of temporary differences between the financial statement and tax bases of assets and liabilities. Deferred tax assets or liabilities are computed based on the difference between the financial statement and income tax bases of assets and liabilities using enacted tax rates. Valuation allowances are recorded to reduce deferred tax assets when it is more likely than not that a tax benefit will not be realized. Deferred income tax expenses or credits are based on the changes in the asset or liability from period to period. We account for uncertain tax positions using a "more-likely-than-not" threshold. A tax benefit from an uncertain tax position is recognized if it is more-likely-than-not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position, or the statute of limitations concerning such issues lapses.
Derivative Instruments — The Company is exposed to certain risks relating to its ongoing business operations. The primary risks managed by derivative instruments include interest rate risk, foreign currency risk, commodity price risk, and market risk associated with the unfunded portion of the Company's deferred compensation liability. Derivative contracts are entered into for periods consistent with the related underlying exposure and do not constitute positions independent of those exposures. The Company does not enter into derivative instruments for trading or speculative purposes. All derivatives are recorded on a gross basis and carried at fair value in our Consolidated Balance Sheets. None of the Company's derivative instruments are accounted for under hedge accounting and the changes in their fair value are recorded in the Consolidated Statements of Operations.

Foreign Currency Translation and Transactions — The functional currency of the Company’s foreign operations is the applicable local currency. The functional currency is translated into U.S. dollars for balance sheet accounts using currency exchange rates in effect as of the balance sheet date, and for revenue and expense accounts using a weighted-average exchange rate during the fiscal year. The translation adjustments are deferred as a separate component of Stockholders’ equity in Accumulated other comprehensive loss. Gains or losses resulting from transactions denominated in foreign currencies and intercompany debt that is not of a long-term investment nature are included in Gain on foreign currency exchange in the Consolidated Statements of Operations. Gains or losses resulting from intercompany debt that is designated a long-term investment are recorded as a separate component of Stockholders' equity in Accumulated other comprehensive loss.

Restructuring Expenses — Restructuring charges principally consist of retention, severance, and other employee separation costs, contract termination costs, accelerated depreciation, professional fees, and certain long-lived asset impairments. The Company recognizes restructuring obligations and liabilities for exit and disposal activities at fair value in the period the liability is incurred. One-time employee termination benefits for employee severance costs are expensed evenly starting at the communication date over the period during which the employee is required to render service to receive the severance. Ongoing benefit arrangements for employee severance costs are expensed when they become probable and reasonably estimable. Depreciation expense related to assets that will be disposed of or idled as a part of the restructuring activity is accelerated through the expected date of the asset shut down. Restructuring charges are incurred as a component of Operating income (loss).

Research and Development Costs — We record research and development charges to expense as they are incurred and report them in General and administrative expense in our Consolidated Statements of Operations. Expenditures totaled $19.3 million, $16.6 million, and $18.8 million for the years ended December 31, 2021, 2020, and 2019, respectively.

Advertising Costs — Advertising costs are expensed as incurred and reported in Selling and distribution expense of our Consolidated Statements of Operations. Expenditures totaled $10.6 million, $5.9 million, and $3.6 million for the years ended December 31, 2021, 2020, and 2019, respectively.

Earnings (Loss) Per Share from Continuing Operations — Basic earnings per share is computed by dividing net income by the number of weighted average common shares outstanding during the reporting period. The weighted average number of common shares used in the diluted earnings per share calculation is determined using the treasury stock method and includes the incremental effect related to the Company’s outstanding stock-based compensation awards.
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Recently Issued Accounting Pronouncements
 12 Months Ended
Dec. 31, 2021
Accounting Standards Update and Change in Accounting Principle [Abstract]  
Recently Issued Accounting Pronouncements
2. RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS

Not yet adopted

In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting, which provides temporary optional guidance to ease the potential burden in accounting for reference rate reform. ASU 2020-04 was further amended in January 2021 by ASU 2021-01, Reference Rate Reform (Topic 848): Scope. This guidance provides optional expedients and exceptions for applying GAAP to transactions affected by reference rate reform if certain criteria are met. These transactions include contract modifications, hedging relationships, and the sale or transfer of debt securities classified as held-to-maturity. This guidance is effective as of March 12, 2020 through December 31, 2022 and may be applied prospectively to contract modifications made and hedging relationships entered into or evaluated on or before December 31, 2022. The Company has identified agreements that reference LIBOR, including interest rate swap agreements, accounts receivable sale agreements, and debt agreements. The new guidance will be applied as these contracts are modified to reference other rates.
v3.22.0.1
Growth, Reinvestment, and Restructuring Programs
 12 Months Ended
Dec. 31, 2021
Restructuring and Related Activities [Abstract]  
Growth, Reinvestment, and Restructuring Programs
3. GROWTH, REINVESTMENT, AND RESTRUCTURING PROGRAMS
The Company’s growth, reinvestment, and restructuring activities are part of an enterprise-wide transformation to build long-term sustainable growth and improve profitability for the Company. These activities are aggregated into the following categories: (1) Strategic Growth Initiatives (expected completion in 2023) – a growth and reinvestment strategy, (2) Structure to Win (completed in 2020) – an operating expense improvement program, (3) TreeHouse 2020 (completed in 2020) – a long-term growth and margin improvement strategy, and (4) other (collectively the "Growth, Reinvestment, and Restructuring Programs").

Below is a description of each of the Growth, Reinvestment, and Restructuring Programs:

(1) Strategic Growth Initiatives

In the first quarter of 2021, the Company began executing on its growth and reinvestment initiatives designed to invest in our commercial organization, adapt the supply chain to better support long-term growth opportunities, and further enable the Company to build greater depth in growth categories which primarily reside in our Snacking & Beverages segment. These initiatives are intended to better position the Company to accelerate future revenue and earnings growth, and improve the execution of our strategy to be our customers' preferred manufacturing and distribution partner. This reinvestment will occur through 2023, and the Company currently expects the total costs will be up to $130.0 million, comprised of consulting and professional fees, employee-related costs, and investment in information technology. Consulting and professional fees are expected to include building marketing competencies, furthering our e-commerce strategy and digital capabilities, and advancing automation and value engineering in our supply chain network. Employee-related costs primarily consist of dedicated employee costs and retention.

(2) Structure to Win

In the first quarter of 2018, the Company announced an operating expenses improvement restructuring program ("Structure to Win") designed to align our organizational structure with strategic priorities. The program was intended to drive operational effectiveness and cost reduction, develop a lean customer-centric go-to-market team, centralize our supply chain, and streamline administrative functions. This program was completed in 2020. Total costs within this program were $92.7 million, comprised primarily of consulting and professional fees, severance, dedicated employee costs, and Corporate office closing costs.

Under the Structure to Win program, the Company reduced its Corporate office space in Oak Brook, Illinois and completed the closure of its St. Louis, Missouri Corporate office during the fourth quarter of 2020 and the second quarter of 2019, respectively.
(3) TreeHouse 2020 

In the third quarter of 2017, the Company announced TreeHouse 2020, a program intended to accelerate long-term growth through optimization of our manufacturing network, transformation of our mixing centers and warehouse footprint, and leveraging of systems and processes to drive performance. The Company’s workstreams related to these activities and selling, general, and administrative cost reductions were intended to increase our capacity utilization, expand operating margins, and streamline our plant structure to optimize our supply chain. This program was completed in 2020. Total costs within this program were $299.8 million, comprised primarily of consulting and professional fees, severance, dedicated employee costs, and accelerated depreciation for plant and other office closures.

The key information regarding the Company's completed plant closures during the periods presented are as follows:

The Company completed the closure of its Visalia, California Pretzels facility within the Snacking & Beverages segment in the first quarter of 2019. Total costs to close this facility were $22.1 million and are classified within Other operating expense, net in the Consolidated Statements of Operations. Additionally, the Company completed the closure of its Omaha, Nebraska Corporate office during the first quarter of 2019.

Expenses associated with the Company's Battle Creek, Michigan and Minneapolis, Minnesota 2019 facility closures are classified within Net income (loss) from discontinued operations. Total costs to close these two facilities were $17.9 million. Refer to Note 7 for additional information.

(4) Other

Other costs include restructuring costs incurred for costs to exit facilities, information technology system implementation, retention, severance, and other administrative costs.

During the fourth quarter of 2021, the Company announced one-time employee recognition payments to drive retention for all incentive-eligible participants who remain actively employed until payment in the first quarter of 2022. The expense for these payments is recognized ratably through the required service period and the total estimated expense is $15.2 million. In the fourth quarter of 2021, $8.1 million was recognized in other costs and included as a liability within Accrued expenses in the Consolidated Balance Sheets as of December 31, 2021. The remaining expense is expected to be recognized in the first quarter of 2022. An additional $1.6 million of other retention liabilities was recognized primarily for employees in connection with the ongoing, Board-led strategic review and is included within Accrued expenses in the Consolidated Balance Sheets as of December 31, 2021.

The costs by activity for the Growth, Reinvestment, and Restructuring Programs are outlined below:
 Year Ended December 31,
202120202019
(In millions)
Strategic Growth Initiatives$57.8 $— $— 
Structure to Win— 32.7 15.9 
TreeHouse 2020— 40.5 89.5 
Other29.3 — — 
Total$87.1 $73.2 $105.4 

As part of our growth, reinvestment, and restructuring programs, we generally incur expenses that qualify as exit and disposal costs under U.S. GAAP. These include severance and employee separation costs and other exit costs. Severance and employee separation costs primarily relate to cash severance, non-cash severance, including accelerated equity award compensation expense, pension, and other termination benefits. Other exit costs typically relate to lease and contract terminations. We also incur expenses that are an integral component of, and directly attributable to, our growth, reinvestment, and restructuring activities, which do not qualify as exit and disposal costs under U.S. GAAP. These include asset-related costs and other costs. Asset-related costs primarily relate to accelerated depreciation and certain long-lived asset impairments. Other costs primarily relate to start-up costs of new facilities, consulting and professional fees, information technology implementation, asset relocation costs, and costs to exit facilities.
Expenses associated with these programs are recorded in Cost of sales, General and administrative, and Other operating expense, net in the Consolidated Statements of Operations. The Company does not allocate costs associated with Growth, Reinvestment, and Restructuring Programs to reportable segments when evaluating the performance of its segments. As a result, costs associated with Growth, Reinvestment, and Restructuring Programs are not presented by reportable segment. Refer to Note 21 for additional information.  

Below is a summary of costs by line item for the Growth, Reinvestment, and Restructuring Programs:
Year Ended December 31,
202120202019
(In millions)
Cost of sales$— $0.9 $4.4 
General and administrative— 1.2 1.7 
Other operating expense, net87.1 71.1 99.3 
Total$87.1 $73.2 $105.4 

Below is a summary of costs by type associated with the Growth, Reinvestment, and Restructuring Programs:
Year Ended December 31,
 202120202019
(In millions)
Asset-related$— $0.2 $4.7 
Employee-related28.9 13.5 15.6 
Other costs58.2 59.5 85.1 
Total$87.1 $73.2 $105.4 

For the years ended December 31, 2021, 2020, and 2019, asset-related costs primarily consisted of accelerated depreciation; employee-related costs primarily consisted of dedicated project employee cost, severance, and retention; and other costs primarily consisted of consulting services. Asset-related costs are primarily recognized in Cost of sales while employee-related and other costs are primarily recognized in Other operating expense, net in the Consolidated Statements of Operations.
The table below presents the exit cost liability related to severance activity for the Growth, Reinvestment, and Restructuring Programs as of December 31, 2021:
Severance
(In millions)
Balance as of December 31, 2020$4.9 
Expenses recognized7.2 
Cash payments(8.2)
Balance as of December 31, 2021$3.9 

The severance liability is included in Accrued expenses in the Consolidated Balance Sheets.
v3.22.0.1
Leases
 12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Leases
4. LEASES

The Company has operating and finance leases for manufacturing facilities, warehouses and distribution centers, office space, and certain equipment. Remaining lease terms for these leases range from 1 year to 12 years. Some of the Company’s leases include options to extend the leases for up to 27 years, and some include options to terminate the leases within 1 year.

Supplemental balance sheet information related to leases are as follows:
December 31,
Balance Sheet Classification20212020
(In millions)
Assets
OperatingOperating lease right-of-use assets$165.6 $160.7 
FinanceProperty, plant, and equipment, net3.1 3.9 
Total assets$168.7 $164.6 
Liabilities
Current liabilities
OperatingAccrued expenses$37.8 $33.8 
FinanceCurrent portion of long-term debt1.3 1.6 
Total current liabilities39.1 35.4 
Noncurrent liabilities
OperatingOperating lease liabilities144.0 144.5 
FinanceLong-term debt1.8 2.5 
Total noncurrent liabilities145.8 147.0 
Total lease liabilities$184.9 $182.4 

The weighted-average discount rates for the Company's operating and finance leases are as follows:
December 31,
Weighted-average discount rate20212020
Operating leases4.5 %4.5 %
Finance leases2.9 %3.1 %

The weighted-average remaining lease term of the Company's operating and finance leases are as follows:
December 31,
Weighted-average remaining lease term20212020
Operating leases7.3 years7.4 years
Finance leases2.8 years3.2 years
The components of lease expense are as follows:
Year Ended December 31,
Statement of Operations Classification202120202019
(In millions)
Operating lease costCost of sales and General and administrative$40.0 $42.5 $46.6 
Finance lease cost:
Amortization of right-of-use assetsCost of sales and General and administrative1.8 1.6 1.8 
Interest on lease liabilitiesInterest expense0.1 0.1 0.1 
Total finance lease cost1.9 1.7 1.9 
Variable lease cost (1)Cost of sales and General and administrative17.0 17.4 9.3 
Net lease cost$58.9 $61.6 $57.8 

(1)    Includes short-term leases, which are immaterial.

As of December 31, 2021, future maturities of lease liabilities are as follows:
Operating Leases (1)Finance Leases
(In millions)
2022$43.7 $1.4 
202336.1 0.8 
202428.6 0.7 
202521.5 0.3 
202619.9 — 
Thereafter63.1 — 
Total lease payments212.9 3.2 
Less: Interest(31.1)(0.1)
Present value of lease liabilities$181.8 $3.1 

(1)     Operating lease payments include $13.3 million related to options to extend lease terms that are reasonably certain of being exercised.

Other information related to leases were as follows:
Year Ended December 31,
202120202019
(In millions)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$42.1 $40.6 $42.0 
Operating cash flows from finance leases— 0.1 0.1 
Financing cash flows from finance leases2.0 1.8 1.9 
Leases
4. LEASES

The Company has operating and finance leases for manufacturing facilities, warehouses and distribution centers, office space, and certain equipment. Remaining lease terms for these leases range from 1 year to 12 years. Some of the Company’s leases include options to extend the leases for up to 27 years, and some include options to terminate the leases within 1 year.

Supplemental balance sheet information related to leases are as follows:
December 31,
Balance Sheet Classification20212020
(In millions)
Assets
OperatingOperating lease right-of-use assets$165.6 $160.7 
FinanceProperty, plant, and equipment, net3.1 3.9 
Total assets$168.7 $164.6 
Liabilities
Current liabilities
OperatingAccrued expenses$37.8 $33.8 
FinanceCurrent portion of long-term debt1.3 1.6 
Total current liabilities39.1 35.4 
Noncurrent liabilities
OperatingOperating lease liabilities144.0 144.5 
FinanceLong-term debt1.8 2.5 
Total noncurrent liabilities145.8 147.0 
Total lease liabilities$184.9 $182.4 

The weighted-average discount rates for the Company's operating and finance leases are as follows:
December 31,
Weighted-average discount rate20212020
Operating leases4.5 %4.5 %
Finance leases2.9 %3.1 %

The weighted-average remaining lease term of the Company's operating and finance leases are as follows:
December 31,
Weighted-average remaining lease term20212020
Operating leases7.3 years7.4 years
Finance leases2.8 years3.2 years
The components of lease expense are as follows:
Year Ended December 31,
Statement of Operations Classification202120202019
(In millions)
Operating lease costCost of sales and General and administrative$40.0 $42.5 $46.6 
Finance lease cost:
Amortization of right-of-use assetsCost of sales and General and administrative1.8 1.6 1.8 
Interest on lease liabilitiesInterest expense0.1 0.1 0.1 
Total finance lease cost1.9 1.7 1.9 
Variable lease cost (1)Cost of sales and General and administrative17.0 17.4 9.3 
Net lease cost$58.9 $61.6 $57.8 

(1)    Includes short-term leases, which are immaterial.

As of December 31, 2021, future maturities of lease liabilities are as follows:
Operating Leases (1)Finance Leases
(In millions)
2022$43.7 $1.4 
202336.1 0.8 
202428.6 0.7 
202521.5 0.3 
202619.9 — 
Thereafter63.1 — 
Total lease payments212.9 3.2 
Less: Interest(31.1)(0.1)
Present value of lease liabilities$181.8 $3.1 

(1)     Operating lease payments include $13.3 million related to options to extend lease terms that are reasonably certain of being exercised.

Other information related to leases were as follows:
Year Ended December 31,
202120202019
(In millions)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$42.1 $40.6 $42.0 
Operating cash flows from finance leases— 0.1 0.1 
Financing cash flows from finance leases2.0 1.8 1.9 
v3.22.0.1
Receivables Sales Program
 12 Months Ended
Dec. 31, 2021
Receivables [Abstract]  
Receivables Sales Program
5. RECEIVABLES SALES PROGRAM

The Company has entered into agreements to sell certain trade accounts receivable to unrelated, third-party financial institutions at a discount (collectively, the "Receivables Sales Program"). The agreements can be terminated by either party with 60 days' notice. The Receivables Sales Program is used by the Company to manage liquidity in a cost-effective manner. The Company has no retained interest in the receivables sold under the Receivables Sales Program; however, under the agreements, the Company does have collection and administrative responsibilities for the sold receivables. Under the Receivables Sales Program, the maximum amount of outstanding accounts receivables sold at any time is $500.0 million.
The following table includes the outstanding amount of accounts receivable sold under the Receivables Sales Program and the receivables collected from customers and not remitted to the financial institutions:
December 31,
20212020
(In millions)
Outstanding accounts receivable sold$357.3 $284.3 
Receivables collected and not remitted to financial institutions205.0 202.8 

Receivables sold under the Receivables Sales Program are derecognized from the Company's Consolidated Balance Sheet at the time of the sale and the proceeds from such sales are reflected as a component of the change in receivables in the operating activities section of the Consolidated Statements of Cash Flows. The receivables collected and not remitted to financial institutions are included in Accounts payable in the Consolidated Balance Sheets.

The following table summarizes the cash flows of the Company's accounts receivables associated with the Receivables Sales
Program:
Year Ended December 31,
202120202019
 (In millions)
Receivables sold$1,846.9 $1,185.1 $1,114.1 
Receivables collected and remitted to financial institutions(1,773.9)(1,143.8)(1,048.0)

The loss on sale of receivables represents the discount taken by third-party financial institutions and was $2.4 million, $2.4 million, and $4.3 million for the years ended December 31, 2021, 2020, and 2019, respectively, and is included in Other (income) expense, net in the Consolidated Statements of Operations. The Company has not recognized any servicing assets or liabilities as of December 31, 2021 or December 31, 2020, as the fair value of the servicing arrangement as well as the fees earned were not material to the financial statements.
v3.22.0.1
Inventories
 12 Months Ended
Dec. 31, 2021
Inventory Disclosure [Abstract]  
Inventories
6. INVENTORIES
 December 31,
 20212020
 (In millions)
Raw materials and supplies$260.9 $231.0 
Finished goods416.9 367.6 
Total inventories$677.8 $598.6 
v3.22.0.1
Acquisitions and Divestitures
 12 Months Ended
Dec. 31, 2021
Business Combination and Asset Acquisition [Abstract]  
Acquisitions and Divestitures
7. ACQUISITIONS AND DIVESTITURES

Acquisitions

Pasta Acquisition

On December 11, 2020, the Company completed the acquisition of the majority of the U.S. branded pasta portfolio as well as a manufacturing facility in St. Louis, Missouri of Riviana Foods, Inc. ("Riviana Foods"), a subsidiary of Ebro Foods, S.A. ("Ebro Foods") for a total purchase price of approximately $244.3 million in cash. Ebro Foods is a Spanish-based multinational food group operating primarily in the pasta and rice sectors. The acquisition includes the following brands: Skinner, No Yolks, American Beauty, Creamette, San Giorgio, Prince, Light ‘n Fluffy, Mrs. Weiss’, Wacky Mac, P&R Procino-Rossi, and New Mill. During the second quarter of 2021, the Company exercised its call option to acquire machinery and equipment utilized in the Riviana Foods Fresno, California facility, which increased the purchase consideration by $5.1 million, and was allocated to
goodwill at $1.5 million and property, plant, and equipment, net at $3.6 million. The acquisition is expected to strengthen the Company's portfolio and expand its scale to better serve its national and regional customers. The acquisition was funded from the Company’s existing cash resources.

The pasta acquisition was accounted for under the acquisition method of accounting and the results of operations were included in our Consolidated Financial Statements from the date of acquisition in the Meal Preparation segment. Included in the Company’s Consolidated Statements of Operations are the pasta acquisition’s net sales of approximately $11.6 million and loss before income taxes of $(0.9) million from the date of acquisition through December 31, 2020. The Company incurred approximately $6.3 million in acquisition-related costs in 2020. These costs are included in General and administrative expense of the Consolidated Statements of Operations.

The following table summarizes the final purchase price allocation of the fair value of net tangible and intangible assets acquired and liabilities assumed:
(In millions)
Original consideration$239.2 
Call option exercised5.1 
Total consideration transferred$244.3 
Allocation of consideration to assets acquired and liabilities assumed:
Inventories$20.0 
Property, plant, and equipment, net50.7 
Customer relationships68.0 
Trade names43.0 
Formulas/recipes2.3 
Goodwill60.4 
Operating lease right-of-use assets0.1 
Assets acquired244.5 
Assumed liabilities(0.2)
Total purchase price$244.3 
The Company allocated the intangible assets acquired to the Meal Preparation segment which included $68.0 million of customer relationships with an estimated life of 20 years, $43.0 million of trade names with an estimated life of 20 years, and $2.3 million of formulas/recipes with estimated life of 5 years. The aforementioned intangible assets will be amortized over their estimated useful lives. The Company increased the cost of acquired inventories by approximately $3.1 million and expensed $1.0 million and $2.1 million as a component of Cost of sales during the year ended December 31, 2021 and 2020, respectively, for the amortization of the inventory step up adjustment. The Company allocated $60.4 million of goodwill to the Meal Preparation segment. Goodwill arises principally as a result of expansion opportunities of its scale to better serve its regional and national customers and plant operation synergies across its legacy Pasta category. The goodwill resulting from this acquisition is tax deductible. The Company recorded measurement period adjustments which increased goodwill and decreased property, plant, and equipment, net by $1.1 million during the second quarter of 2021 related to the original consideration and $0.2 million during the third quarter of 2021 related to the call option exercised.

The fair values for customer relationships at the acquisition date were determined using the excess earnings method under the income approach. Trade name fair values were determined using the relief from royalty method, while the fair value of formulas/recipes was determined using the cost approach. Real property and personal property fair values were determined using the cost approach. The fair value measurements of intangible assets are based on significant unobservable inputs, and thus represent Level 3 inputs. Significant assumptions used in assessing the fair values of intangible assets include discounted future cash flows, customer attrition rates, and royalty rates.

The following unaudited pro forma information shows the results of operations for the Company as if its pasta acquisition had been completed as of January 1, 2019. Adjustments have been made for the pro forma effects of depreciation and amortization of tangible and intangible assets recognized as part of the business combination, the amortization of the inventory fair value step-up, acquisition-related costs, and related income taxes. Excluded from the 2020 pro forma results are $6.3 million of acquisition-related costs incurred by the Company in connection with the acquisition as they have been included in the 2019 pro forma results. The pro forma results may not necessarily reflect actual results of operations that would have been achieved, nor are they necessarily indicative of future results of operations.

Year Ended December 31,
20202019
(Unaudited, in millions)
Pro forma net sales from continuing operations$4,550.4 $4,454.1 
Pro forma net income (loss) from continuing operations83.4 (106.3)

Refrigerated Dough Acquisition

On September 1, 2020, the Company completed an acquisition of a refrigerated dough business for a purchase price of $17.5 million, which included the recognition of $10.7 million of goodwill within the Meal Preparation segment.

Discontinued Operations

Ready-to-eat Cereal

On June 1, 2021, the Company simultaneously entered into a definitive agreement and completed the sale of its Ready-to-eat ("RTE") Cereal business to Post Holdings, Inc. ("Post") for a base purchase price of $85.0 million, subject to customary purchase price adjustments, resulting in cash proceeds at closing of $88.0 million. The Company classified the proceeds within Net cash provided by (used in) investing activities - discontinued operations, and a pre-tax gain was recognized on the transaction upon closing of $18.4 million as a component of Net income (loss) from discontinued operations in the Consolidated Statements of Operations. The pre-tax gain recognized was a result of the sale proceeds received being at the high end of the range of management's previous estimate of the disposal group's fair value. The sale of this business is part of the Company's portfolio optimization strategy. RTE Cereal operated as two manufacturing plants located in Lancaster, Ohio and Sparks, Nevada. A third plant in Battle Creek, Michigan was not included with the sale and closed in 2019.
The Company entered into a Transition Services Agreement ("TSA") with Post, which is designed to ensure and facilitate an orderly transfer of business operations. The services provided under the TSA terminate at various times up to twelve months from the date of sale and can be renewed with a maximum of an additional six-month period for certain services. The income received under the TSA was not material for the year ended December 31, 2021 and is primarily classified within General and administrative expenses or Cost of sales in the Company's Consolidated Statements of Operations depending on the functions being supported by the Company.

Prior to the sale of the RTE Cereal business, there were expected disposal loss adjustments of $0.3 million, $51.2 million, and $74.5 million recognized as asset impairment charges during the years ended December 31, 2021, 2020, and 2019, respectively, within Net income (loss) from discontinued operations.

Snacks

During the second quarter of 2019, due to changes in market price expectations for the sale of the Company's Snacks division, the Company assessed the recoverability of the carrying value of the long-lived assets associated with the division. This assessment resulted in total long-lived asset impairment losses of $66.5 million, comprised of $63.2 million of property, plant, and equipment impairment losses and $3.3 million of intangible asset impairment losses. These losses result from the estimated fair value of the Snacks asset group, which was determined by its estimated discounted cash flows. These cash flows represent Level 3 inputs under ASC 820. These impairment charges are included in Net income (loss) from discontinued operations in the Consolidated Statements of Operations.

On August 1, 2019, the Company completed the sale of its Snacks division to Atlas Holdings, LLC. ("Atlas") for $90.0 million in cash, subject to customary purchase price adjustments. The Company classified the proceeds within Net cash provided by (used in) investing activities - discontinued operations and used the net proceeds of the sale to pay down debt. The Company recognized a non-cash pre-tax loss on the transaction upon closing of $98.4 million, which is recognized as a component of Net income (loss) from discontinued operations in the Consolidated Statements of Operations. For tax purposes, the sale has resulted in a capital loss of $586.2 million. As a result, we have established a deferred tax asset of $149.1 million. A full valuation allowance was recorded against the deferred tax asset as we have not met the accounting requirements for recognition of a benefit at this time. The sale of this business is part of the Company's portfolio optimization strategy. The Snacks division operated three plants located in Robersonville, North Carolina; El Paso, Texas; and Dothan, Alabama. A fourth plant in Minneapolis, Minnesota was not included with the sale and closed during the third quarter of 2019.

The Company entered into a Transition Services Agreement ("TSA") with Atlas, which was designed to ensure and facilitate an orderly transfer of business operations. The services provided under the TSA terminated August 1, 2020. The income received under the TSA was not material for the years ended December 31, 2020 and 2019 and is primarily classified within General and administrative expenses or Cost of sales in the Company's Consolidated Statements of Operations depending on the functions being supported by the Company.

The Company has reflected the RTE Cereal business and Snacks division (through the dates of sale) as discontinued operations for all periods presented. Unless otherwise noted, amounts and disclosures throughout these Notes to Consolidated Financial Statements relate to the Company's continuing operations.
Results of discontinued operations are as follows:
Year Ended December 31,
202120202019
(In millions)
Net sales$77.9 $220.8 $638.0 
Cost of sales68.3 193.4 619.5 
Selling, general, administrative and other operating expenses7.7 18.1 55.2 
Asset impairment0.3 51.2 141.0 
(Gain) loss on sale of business(18.4)— 98.4 
Operating income (loss) from discontinued operations20.0 (41.9)(276.1)
Interest and other expense0.7 3.4 7.7 
Income tax expense (benefit)4.7 (9.9)(33.1)
Net income (loss) from discontinued operations$14.6 $(35.4)$(250.7)

Assets and liabilities of discontinued operations presented in the Consolidated Balance Sheets as of December 31, 2020 include the following:
December 31, 2020
(In millions)
Inventories$33.3 
Property, plant, and equipment, net65.9 
Operating lease right-of-use assets5.1 
Goodwill53.5 
Intangible assets38.6 
Valuation allowance(125.7)
Total assets of discontinued operations$70.7 
Accrued expenses and other liabilities$1.1 
Operating lease liabilities5.6 
Total liabilities of discontinued operations$6.7 

Other Divestitures

In-Store Bakery Facilities

On January 10, 2020, the Company entered into a definitive agreement to sell two of its In-Store Bakery facilities located in Fridley, Minnesota and Lodi, California, which manufacture breads, rolls, and cakes for in-store retail bakeries and food-away-from-home customers. These two facilities were included within the Snacking & Beverages reporting segment. These two facilities did not meet the criteria to be presented as a discontinued operation. On April 17, 2020, the sale of these facilities was completed for $26.9 million. The cash proceeds were classified within Net cash used in investing activities - continuing operations. The Company recognized a loss upon divestiture of $0.3 million within Other operating expense, net in the Consolidated Statements of Operations during the year ended December 31, 2020. During the year ended December 31, 2019, the disposal group was measured at fair value prior to the sale, and the Company recognized the expected disposal loss as an impairment charge of $41.1 million recognized within Asset impairment in the Consolidated Statements of Operations.
v3.22.0.1
Property, Plant, and Equipment
 12 Months Ended
Dec. 31, 2021
Property, Plant and Equipment [Abstract]  
Property, Plant, and Equipment
8. PROPERTY, PLANT, AND EQUIPMENT
 December 31,
 20212020
 (In millions)
Land$57.3 $57.4 
Buildings and improvements458.5 442.5 
Machinery and equipment1,388.7 1,355.0 
Construction in progress79.1 57.0 
Total1,983.6 1,911.9 
Less accumulated depreciation(964.5)(841.9)
Property, plant, and equipment, net$1,019.1 $1,070.0 

Depreciation expense was $141.2 million, $132.5 million, and $136.5 million in 2021, 2020, and 2019, respectively.

Asset Impairment

We evaluate property, plant, and equipment, operating lease right-of-use assets, and finite lived intangible assets for impairment when circumstances indicate that their carrying values may not be recoverable. Indicators of impairment include deteriorations in operating cash flows, the anticipated sale or disposal of an asset group, and other significant changes in business conditions.

During the fourth quarter of 2021, as a result of rising input costs coupled with lower than expected new business wins, we revised our forecast expectations for the Bars asset group and performed a recoverability assessment. Our assessment indicated that the Bars asset group was not recoverable, and we were required to determine the fair value of the business. Our fair value assessment indicated that the carrying value was in excess of the fair value, and an impairment of $9.2 million of property, plant, and equipment was recognized in our Bars asset group, within the Snacking & Beverages segment. The impairment charge is included in Asset impairment in the Consolidated Statements of Operations.

During 2019, our assessment indicated an impairment in our Cookies and Dry Dinners asset groups, within the Snacking & Beverages and Meal Preparation segments, respectively, driven by the historical and forecasted performance of these businesses. As a result, we recognized $42.8 million of property, plant, and equipment impairment losses and $45.2 million of finite lived intangible asset impairment. The impairment charges are included in Asset impairment in the Consolidated Statements of Operations.

Impairment charges are measured by comparing the carrying values of the asset groups to their estimated fair values. The fair value of these assets were based on expected future cash flows using Level 3 inputs under ASC 820. We can provide no assurance regarding the prospect of additional impairment charges in future periods.
v3.22.0.1
Goodwill and Intangible Assets
 12 Months Ended
Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets
9. GOODWILL AND INTANGIBLE ASSETS

Goodwill

Changes in the carrying amount of goodwill for the years ended December 31, 2021 and 2020 are as follows:
Meal PreparationSnacking & BeveragesTotal
 (In millions)
Balance at January 1, 2020, before accumulated impairment losses$1,264.5 $887.3 $2,151.8 
Accumulated impairment losses(11.5)(33.0)(44.5)
Balance at January 1, 20201,253.0 854.3 2,107.3 
Acquisitions68.5 — 68.5 
Foreign currency exchange adjustments1.7 1.2 2.9 
Balance at December 31, 20201,323.2 855.5 2,178.7 
Acquisition (1)2.6 — 2.6 
Foreign currency exchange adjustments0.1 — 0.1 
Balance at December 31, 2021$1,325.9 $855.5 $2,181.4 

(1)    Acquisition-related adjustments to goodwill relate to the pasta acquisition from Riviana Foods and include $1.5 million allocated from the call option exercised, which includes a $0.2 million measurement period adjustment, and a $1.1 million measurement period adjustment from the original consideration transferred. Refer to Note 7 for additional information.

The Company performed the annual impairment assessment on goodwill as of December 31, 2021 and 2020, noting no impairment losses.

Approximately $439.6 million of goodwill is deductible for tax purposes.

Intangible Assets

The gross carrying amounts and accumulated amortization of intangible assets as of December 31, 2021 and 2020 are as follows:    
 December 31,
 20212020
Weighted Average Life Remaining (yrs.) Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount		Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount
 (In millions)
Intangible assets with finite lives:      
Customer-related 9.1$848.6 $(459.2)$389.4 $848.5 $(406.4)$442.1 
Contractual agreements — 0.5 (0.5)— 0.5 (0.5)— 
Trademarks 14.696.2 (38.1)58.1 96.2 (31.7)64.5 
Formulas/recipes3.925.3 (22.9)2.4 25.3 (22.1)3.2 
Computer software6.7207.4 (124.7)82.7 194.8 (112.0)82.8 
Total finite lived intangibles9.31,178.0 (645.4)532.6 1,165.3 (572.7)592.6 
Intangible assets with indefinite lives:
Trademarks22.4 — 22.4 22.4 — 22.4 
Total intangible assets$1,200.4 $(645.4)$555.0 $1,187.7 $(572.7)$615.0 
The Company performed the annual impairment assessment on indefinite-lived intangibles as of December 31, 2021 and 2020, resulting in no impairment losses.

Asset Impairment

During 2019, the Company recognized $45.2 million of finite lived intangible asset impairment. Refer to Note 8 for additional information.

There were no other impairments related to finite lived intangibles.

Considerable management judgment is necessary to evaluate the impact of operating changes and to estimate future cash flows. Assumptions used in our impairment evaluations, such as forecasted growth rates and our cost of capital, are consistent with our internal projections and operating plans.

Estimated amortization expense on intangible assets for the next five years is as follows:
 (In millions)
2022$70.1 
202367.2 
202466.6 
202565.7 
202660.1 
v3.22.0.1
Accrued Expenses
 12 Months Ended
Dec. 31, 2021
Payables and Accruals [Abstract]  
Accrued Expenses
10. ACCRUED EXPENSES

Accrued expenses consist of:
December 31,
20212020
(In millions)
Payroll and benefits$55.2 $90.8 
Trade promotion liabilities41.1 39.6 
Operating lease liabilities37.8 33.8 
Interest8.8 20.4 
Taxes6.1 6.8 
Health insurance, workers' compensation, and other insurance costs21.9 20.2 
Derivative contracts52.3 98.1 
Other accrued liabilities51.4 30.9 
Total$274.6 $340.6 
v3.22.0.1
Income Taxes
 12 Months Ended
Dec. 31, 2021
Income Tax Disclosure [Abstract]  
Income Taxes 11. INCOME TAXES The components of (Loss) income before income taxes are as follows:
 Year Ended December 31,
 202120202019
 (In millions)
Domestic$(46.0)$9.8 $(154.4)
Foreign14.5 7.3 (1.4)
(Loss) income before income taxes$(31.5)$17.1 $(155.8)
The following table presents the components of the 2021, 2020, and 2019 provision for income taxes:
 Year Ended December 31,
 202120202019
 (In millions)
Current:   
Federal$(6.0)$(95.7)$13.2 
State(0.5)1.6 2.9 
Foreign(2.3)(1.4)1.7 
Total current(8.8)(95.5)17.8 
Deferred:
Federal(3.7)69.8 (48.4)
State3.1 (2.9)(11.8)
Foreign5.0 (3.5)(3.1)
Total deferred4.4 63.4 (63.3)
Total income tax benefit$(4.4)$(32.1)$(45.5)
The following is a reconciliation of income tax benefit computed at the U.S. federal statutory tax rate to the income tax benefit reported in the Consolidated Statements of Operations:
 Year Ended December 31,
 202120202019
 (In millions)
Tax at statutory rate$(6.6)$3.6 $(32.7)
State income taxes (1)2.1 (1.0)(7.1)
Tax benefit of cross-border intercompany financing structure— (1.4)(2.1)
Repatriation of intangibles— — (4.6)
CARES Act1.9 (30.3)— 
Disallowed officers' compensation1.5 2.6 1.6 
Excess tax benefits related to stock-based compensation0.4 1.7 (0.1)
Transition tax— — (1.9)
Other tax credits(0.8)(0.9)(0.9)
Valuation allowance— (6.2)3.4 
Uncertain tax positions(4.4)(2.5)(2.5)
Indemnification0.6 1.1 0.3 
Other, net0.9 1.2 1.1 
Total provision for income taxes$(4.4)$(32.1)$(45.5)
(1)    2021 State income taxes are inclusive of a valuation allowance of $2.4 million recorded against certain deferred tax assets.
The tax effects of temporary differences giving rise to deferred income tax assets and liabilities were:
 December 31,
 20212020
 (In millions)
Deferred tax assets:  
Pension and postretirement benefits$7.7 $13.6 
Accrued liabilities16.0 23.5 
Stock compensation9.0 11.8 
Lease liabilities46.4 46.2 
Interest limitation carryover10.3 3.9 
Loss and credit carryovers198.1 213.6 
Unrealized foreign exchange loss11.8 21.3 
Other17.9 12.6 
Total deferred tax assets317.2 346.5 
Valuation allowance(162.5)(161.0)
Total deferred tax assets, net of valuation allowance154.7 185.5 
Deferred tax liabilities:
Fixed assets and intangible assets(264.7)(291.3)
Lease assets (45.3)(45.1)
Total deferred tax liabilities(310.0)(336.4)
Net deferred income tax liability$(155.3)$(150.9)
The following table details the Company's tax attributes primarily related to net operating losses, tax credits, and capital losses for which it has recorded deferred tax assets:
Tax AttributesGross Attribute AmountNet Attribute AmountExpiration Years
(In millions)
Foreign net operating losses$4.2 $1.1 2022 – 2033
State net operating losses232.1 11.0 2022 – 2041
Federal credits— 15.8 2027 – 2040
State credits— 16.9 2022 – 2035
Federal capital loss586.2 123.1 2024
State capital loss586.2 26.0 2024
Other4.2 2024 – 2037
Total$198.1 
The Company assessed the realizability of its deferred tax assets and has recorded valuation allowances for certain foreign non-capital loss carryforwards, state net operating loss carryforwards, and state tax credit carryforwards that will more likely than not expire unused. In addition, as described in Note 7, the Company has recorded a full valuation allowance against the deferred tax asset of $149.1 million it established for its capital loss resulting from the sale of the Snacks division.
The Company or one of its subsidiaries files income tax returns in the U.S., Canada, Italy, the Netherlands, and various U.S. states. In the U.S. federal jurisdiction, the Company is open to examination for the tax years ended December 31, 2014 through December 31, 2016 and December 31, 2018 and forward; for Canadian purposes, the Company is open to examination for the tax year ended December 31, 2012 and forward; for Italian purposes, the Company is open to examination for the tax years ended December 31, 2016 and forward; and for the various U.S. states the Company is generally open to examination for the tax year ended December 31, 2017 and forward.
The Internal Revenue Service ("IRS") is currently examining the TreeHouse Foods, Inc. & Subsidiaries’ 2019 and 2020 tax years. Our Canadian operations are under exam by the Canadian Revenue Agency ("CRA") for tax years 2012 through 2018. These examinations are expected to be completed in 2022. The Company has examinations in process with various state taxing authorities, which are expected to be completed in 2022.
During the year, the Company recorded adjustments to its unrecognized tax benefits. A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:
 Year Ended December 31,
 202120202019
 (In millions)
Unrecognized tax benefits beginning balance$10.7 $12.3 $17.3 
Additions (reductions) based on tax positions of prior years0.5 2.4 (1.1)
Reductions resulting from dispositions— — (1.1)
Reductions due to statute lapses(4.1)(3.4)(2.8)
Reductions related to settlements with taxing authorities— (0.7)(0.1)
Foreign currency translation— 0.1 0.1 
Unrecognized tax benefits ending balance$7.1 $10.7 $12.3 

Unrecognized tax benefits are included in Other long-term liabilities of the Consolidated Balance Sheets. Of the amount accrued at December 31, 2021 and 2020, $4.4 million and $5.5 million, respectively, would impact Net (loss) income from continuing operations when settled. Of the amounts accrued at December 31, 2021 and 2020, $1.8 million and $4.8 million, respectively, relates to unrecognized tax benefits assumed in prior acquisitions, which have been indemnified by the previous owners.

Management estimates that it is reasonably possible that the total amount of unrecognized tax benefits could decrease by as much as $1.0 million within the next 12 months, primarily as a result of the resolution of audits currently in progress and the lapsing of statutes of limitations. Approximately $0.9 million of the $1.0 million would affect net income when settled. The timing of cash settlement, if any, cannot be reasonably estimated for uncertain tax benefits.

The Company recognizes interest expense (income) and penalties related to unrecognized tax benefits in income tax expense. During the years ended December 31, 2021, 2020, and 2019, the Company recognized $(1.3) million, $(1.4) million, and $(0.2) million of interest and penalties in income tax expense from continuing operations, respectively. The Company has accrued approximately $1.1 million and $2.4 million for the payment of interest and penalties at December 31, 2021 and 2020, respectively, of which $0.6 million and $1.7 million is indemnified.

On March 27, 2020, the CARES Act was signed into law, which features several tax provisions and other measures that assist businesses impacted by the economic effects of the COVID-19 pandemic. The significant tax provisions include an increase in the limitation of the tax deduction for interest expense from 30% to 50% of adjusted earnings in 2019 and 2020, a five-year carryback allowance for net operating losses ("NOLs") generated in tax years 2018-2020, increased charitable contribution limitations to 25% of taxable income in 2020, and a retroactive technical correction to the 2017 Tax Cuts and Jobs Act that makes qualified improvement property placed in service after December 31, 2017 eligible for bonus depreciation. The Company has recorded a $1.9 million income tax expense and a $29.3 million income tax benefit related to the NOL carryback provisions of the CARES Act for the years ended December 31, 2021 and 2020, respectively.
v3.22.0.1
Long-Term Debt
 12 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
Long-Term Debt
12. LONG-TERM DEBT
 December 31,
 20212020
 (In millions)
Term Loan A$496.3 $453.4 
Term Loan A-1923.0 672.6 
2024 Notes— 602.9 
2028 Notes500.0 500.0 
Finance leases3.1 4.1 
Total outstanding debt1,922.4 2,233.0 
Deferred financing costs(16.1)(18.3)
Less current portion(15.6)(15.7)
Total long-term debt$1,890.7 $2,199.0 

The scheduled maturities of outstanding debt, excluding deferred financing costs, at December 31, 2021 are as follows (in millions):
2022$15.6 
202315.1 
202415.0 
202514.6 
2026890.8 
Thereafter971.3 
Total outstanding debt$1,922.4 


Credit Agreement — On December 1, 2017, the Company entered into the Second Amended and Restated Credit Agreement (the "Credit Agreement") which amends, restates, and replaces the Company’s prior credit agreement, dated as of February 1, 2016 (as amended from time to time prior to February 1, 2016, the "Prior Credit Agreement"). As amended, the senior unsecured credit facility includes a revolving credit facility (the "Revolving Credit Facility" or the "Revolver") and two term loans. The Credit Agreement (1) extended the maturity dates of the Revolving Credit Facility, Term Loan A, and Term Loan A-1, (2) resized the Revolver from $900 million to $750 million, (3) consolidated three term loans into two, (4) tightened pricing, and (5) modified the fee structure on the Revolving Credit Facility to now calculate based on the unused portion of the commitments under the Revolving Credit Facility rather than the total commitments under the Revolving Credit Facility. The Credit Agreement has been amended as follows:

•On June 11, 2018, the Company entered into Amendment No. 1 to the Credit Agreement. Under Amendment No. 1, among other things, (i) the leverage covenant threshold increased through fiscal year 2019, (ii) the Company and the other loan parties secured the obligations with liens on substantially all of their personal property, and (iii) such liens will be released upon the Company’s leverage ratio being less than or equal to 4.00 to 1.00 no earlier than the fiscal quarter ended on December 31, 2019. The material terms and conditions under the Credit Agreement are otherwise substantially consistent with those contained in the Credit Agreement prior to Amendment No. 1.

•On August 26, 2019, the Company entered into Amendment No. 2 to the Credit Agreement. Amendment No. 2 permanently maintains the secured status of the credit facility and the maximum permitted leverage ratio at 4.5x.  Absent Amendment No. 2, the Credit Agreement was scheduled to return to unsecured status with a maximum permitted leverage ratio of 4.0x in the fourth quarter of 2019. The material terms and conditions under the Credit Agreement are otherwise substantially consistent with those contained in the Credit Agreement prior to Amendment No. 2.
•On March 26, 2021, the Company entered into Amendment No. 3 to the Credit Agreement among the Company, the other loan parties thereto, the lenders from time to time party thereto and Bank of America N.A., as administrative agent, swing line lender and L/C issuer. Under Amendment No. 3, among other things, the parties have agreed to: (i) amend and extend the maturity date of the Revolving Credit Facility and Tranche A-1 Term Loans until March 26, 2026 and the maturity date of the Term A Loans until March 26, 2028 (each as defined in the Credit Agreement), (ii) refinance the existing Term A Loans and increase the Tranche A-1 Term Loan amount to $930.0 million, and (iii) include customary provisions under Amendment No. 3 providing for the replacement of LIBOR with any successor rate. The material terms and conditions under the Credit Agreement are otherwise substantially consistent with those contained in the Credit Agreement prior to Amendment No. 3.

•On February 14, 2022, the Company entered into Amendment No. 4 to the Credit Agreement. Amendment No.4 temporarily increases the leverage covenant threshold from 4.50x to 5.50x through June 30, 2022, then 5.25x through September 30, 2022 and thereafter reverts to 4.50x. The material terms and conditions under the Credit Agreement are otherwise substantially consistent with those contained in the Credit Agreement prior to Amendment No. 4.

The Company’s average interest rate on debt outstanding under its Credit Agreement for the year ended December 31, 2021 was 1.68%. Including the impact of interest rate swap agreements in effect as of December 31, 2021, the average rate is 3.44%.

Revolving Credit Facility — As of December 31, 2021, $730.1 million of the aggregate commitment of $750.0 million of the Revolving Credit Facility was available. Under the Credit Agreement, the Revolving Credit Facility matures on February 1, 2023. In addition, as of December 31, 2021, there were $19.9 million in letters of credit under the Revolving Credit Facility that were issued but undrawn, which have been included as a reduction to the calculation of available credit. 

Interest is payable quarterly or, if earlier, at the end of the applicable interest period in arrears on any outstanding borrowings under the Revolving Credit Facility. The interest rates applicable to the Revolving Credit Facility are based upon the Company’s consolidated net leverage ratio or the Company’s Corporate Credit Rating, whichever results in lower pricing, and are determined by either (i) LIBOR, plus a margin ranging from 1.20% to 1.70%, or (ii) a Base Rate (as defined in the Credit Agreement), plus a margin ranging from 0.20% to 0.70%. The unused fee on the Revolving Credit Facility is also based on the Company’s consolidated net leverage ratio or the Company’s Corporate Credit Rating, whichever results in lower pricing, and accrues at a rate ranging from 0.20% to 0.35%.

The Credit Agreement is fully and unconditionally, as well as jointly and severally, guaranteed by our 100% owned direct and indirect domestic subsidiaries: Bay Valley Foods, LLC; Sturm Foods, Inc.; S.T. Specialty Foods, Inc.; Associated Brands, Inc.; TreeHouse Foods Services, LLC; Protenergy Holdings, Inc.; Protenergy Natural Foods, Inc.; TreeHouse Private Brands, Inc.; American Italian Pasta Company; Linette Quality Chocolates, Inc.; Ralcorp Frozen Bakery Products, Inc.; Cottage Bakery, Inc.; The Carriage House Companies, Inc. and certain other domestic subsidiaries that may become guarantors in the future, which are collectively known as the "Guarantor Subsidiaries." The Credit Agreement contains various financial and restrictive covenants and requires that the Company maintain a consolidated net leverage ratio of no greater than 4.50 to 1.0, with the exception of the temporary increase in Amendment No. 4. The Credit Agreement also contains cross-default provisions which could result in the acceleration of payments in the event TreeHouse or the Guarantor Subsidiaries (i) fails to make a payment when due in respect of any indebtedness or guarantee having an aggregate principal amount greater than $75.0 million or (ii) fails to observe or perform any other agreement or condition related to such indebtedness or guarantee as a result of which the holder(s) of such debt are permitted to accelerate the payment of such debt.

Term Loan A — On December 1, 2017, the Company entered into a $500 million term loan which amended and extended the Company’s existing term A loan. Amendment No. 3 of the Credit Agreement extended the maturity date to March 26, 2028. The interest rates applicable to Term Loan A are based upon the Company’s consolidated net leverage ratio or the Company’s Corporate Credit Rating, whichever results in lower pricing, and are determined by either (i) LIBOR, plus a margin ranging from 1.675% to 2.175%, or (ii) a Base Rate (as defined in the Credit Agreement), plus a margin ranging from 0.675% to 1.175%. Principal amortization payments are due on a quarterly basis and interest is payable quarterly or, if earlier, at the end of the applicable interest period in arrears on any outstanding borrowings under Term Loan A. Term Loan A is subject to substantially the same covenants as the Revolving Credit Facility, and also has the same Guarantor Subsidiaries.
Term Loan A-1 — On December 1, 2017, the Company entered into a term loan which amended and extended the Company’s existing tranche A-1 term loan. Amendment No. 3 of the Credit Agreement increased the loan amount to $930 million and extended the maturity date to March 26, 2026. The interest rates applicable to Term Loan A-1 are the same as those applicable to the Revolving Credit Facility (other than, for the avoidance of doubt, the unused fee). Principal amortization payments are due on a quarterly basis and interest is payable quarterly or, if earlier, at the end of the applicable interest period in arrears on any outstanding borrowing under Term Loan A-1. Term Loan A-1 is subject to substantially the same covenants as the Revolving Credit Facility, and has the same Guarantor Subsidiaries.

2024 Notes — The Company previously issued 6.000% notes in the aggregate principal amount of $775 million due on February 15, 2024 (the "2024 Notes"). On February 16, 2021 the Company, through Wells Fargo Bank, National Association, as trustee (the "Trustee"), completed a partial redemption of $200.0 million of its 2024 Notes, and on March 31, 2021, the Company completed the full redemption of the remaining $402.9 million outstanding principal of its 2024 Notes at a price of 101.50% of the principal amount, plus accrued and unpaid interest to, but not including, each redemption date (the "2024 Notes Redemption").

2028 Notes — On September 9, 2020, the Company completed its public offering of $500 million aggregate principal amount of the 2028 Notes. The 2028 Notes pay interest at the rate of 4.000% per annum and mature on September 1, 2028. Interest is payable on the 2028 Notes on March 1 and September 1 of each year. The payments began on March 1, 2021.

The Company may redeem some or all of the 2028 Notes at any time prior to September 1, 2023 at a price equal to 100% of the principal amount of the 2028 Notes redeemed plus an applicable "make-whole" premium and accrued and unpaid interest to the redemption date. On or after September 1, 2023, the Company may redeem some or all of the 2028 Notes at redemption prices set forth in the Indenture, plus accrued and unpaid interest to the redemption date. In addition, at any time prior to September 1, 2023, the Company may redeem up to 40% of the 2028 Notes at a redemption price of 104.000% of the principal amount of the 2028 Notes redeemed, plus accrued and unpaid interest to the redemption date, with the net cash proceeds of certain equity offerings. Subject to certain limitations, in the event of a change of control of the Company, the Company will be required to make an offer to purchase the 2028 Notes at a purchase price equal to 101% of the principal amount of the 2028 Notes, plus accrued and unpaid interest to the date of purchase.

The Company issued the 2028 Notes pursuant to a single base Indenture among the Company, the Guarantor Subsidiaries, and the Trustee. The Indenture provides, among other things, that the 2028 Notes will be senior unsecured obligations of the Company. The Company’s payment obligations under the 2028 Notes are fully and unconditionally, as well as joint and severally, guaranteed on a senior unsecured basis by the Guarantor Subsidiaries, in addition to any future domestic subsidiaries that guarantee or become borrowers under its credit facility or guarantee certain other indebtedness incurred by the Company or its restricted subsidiaries.

The Indenture governing the 2028 Notes contains customary event of default provisions (including, without limitation, defaults relating to the failure to pay at final maturity or the acceleration of certain other indebtedness). If an event of default occurs and is continuing, the trustee under the Indenture or holders of at least 25% in principal amount of such notes may declare the principal amount and accrued and unpaid interest, if any, on all such notes to be due and payable. The Indenture also contains restrictive covenants that, among other things, limit the ability of the Company and the Guarantor Subsidiaries to: (i) incur additional indebtedness and issue certain preferred shares, (ii) make certain distributions, investments and other restricted payments, (iii) sell certain assets, (iv) agree to restrictions on the ability of restricted subsidiaries to make payments to the Company, (v) create liens, (vi) merge, consolidate or sell substantially all of the Company’s assets (vii) enter into certain transactions with affiliates, and (viii) engage in certain sale and leaseback transactions. The foregoing limitations are subject to exceptions as set forth in the Indenture. In addition, if in the future, the 2028 Notes have an investment grade credit rating by both Moody’s Investors Services, Inc. and Standard & Poor’s Ratings Services, certain of these covenants will, thereafter, no longer apply to the 2028 Notes for so long as the 2028 Notes are rated investment grade by the two rating agencies.

Loss on Extinguishment of Debt — During the year ended December 31, 2021, the Company incurred a loss on extinguishment of debt totaling $14.4 million, which included a premium of $9.0 million and a write off of deferred financing costs of $5.4 million in connection with the 2024 Notes Redemption and Credit Agreement refinancing. During the year ended December 31, 2020, the Company incurred a loss on extinguishment of debt totaling $1.2 million representing the write-off of deferred financing costs in connection with the redemption of its 2022 Notes completed on September 25, 2020.

Interest Rate Swap Agreements — As of December 31, 2021, the Company had entered into $875.0 million of long-term interest rate swap agreements to lock into a fixed LIBOR interest rate base. The swaps cover a period through February 28, 2025.
Fair Value — At December 31, 2021, the aggregate fair value of the Company's total debt was $1,899.5 million and its carrying value was $1,919.3 million. At December 31, 2020, the aggregate fair value of the Company's total debt was $2,250.4 million and its carrying value was $2,228.9 million. The fair values of Term Loan A and Term Loan A-1 were estimated using present value techniques and market-based interest rates and credit spreads. The fair value of the Company's 2024 and 2028 Notes was estimated based on quoted market prices for similar instruments due to their infrequent trading volume. Accordingly, the fair value of the Company's debt is classified as Level 2 within the valuation hierarchy.

Finance Lease Obligations and Other — The Company owes $3.1 million related to finance leases. Finance lease obligations represent machinery and equipment financing obligations, which are payable in monthly installments of principal and interest, and are collateralized by the related assets financed. Refer to Note 4 for additional information regarding the Company's finance leases.

Deferred Financing Costs — As of December 31, 2021 and December 31, 2020, deferred financing costs of $16.1 million and $18.3 million were included as a direct deduction from outstanding long-term debt. Fees associated with the Revolving Credit Facility are presented in Other assets, net.
v3.22.0.1
Stockholders' Equity
 12 Months Ended
Dec. 31, 2021
Equity [Abstract]  
Stockholders' Equity
13. STOCKHOLDERS' EQUITY

Common Stock — The Company has authorized 90 million shares of common stock with a par value of $0.01 per share. No dividends have been declared or paid.

Share Repurchase Authorization — On November 2, 2017, the Company announced that the Board of Directors adopted a stock repurchase program. The stock repurchase program authorizes the Company to repurchase up to $400 million of the Company’s common stock at any time, or from time to time. Any repurchases under the program may be made by means of open market transactions, negotiated block transactions, or otherwise, including pursuant to a repurchase plan administered in accordance with Rules 10b5-1 and 10b-18 under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). The size and timing of any repurchases will depend on price, market and business conditions, and other factors. The Company has the ability to make discretionary repurchases up to an annual cap of $150 million under the $400 million total authorization. Any shares repurchased will be held as treasury stock.

The following table summarizes the Company's repurchases of its common stock:
 Year Ended December 31,
 202120202019
 (In millions, except per share data)
Shares repurchased0.5 0.6 — 
Weighted average price per share$50.88 $38.64 $— 
Total cost$25.0 $25.0 $— 

Preferred Stock — The Company has authorized 10 million shares of preferred stock with a par value of $0.01 per share. No preferred stock has been issued.
v3.22.0.1
Earnings Per Share
 12 Months Ended
Dec. 31, 2021
Earnings Per Share [Abstract]  
Earnings Per Share
14. EARNINGS PER SHARE

The following table summarizes the effect of the share-based compensation awards on the weighted average number of shares outstanding used in calculating diluted earnings (loss) per share:
 Year Ended December 31,
 202120202019
 (In millions)
Weighted average common shares outstanding55.9 56.5 56.2 
Assumed exercise/vesting of equity awards (1)— 0.2 — 
Weighted average diluted common shares outstanding55.9 56.7 56.2 

(1)Incremental shares from equity awards are computed by the treasury stock method. For the years ended December 31, 2021 and 2019, the weighted average common shares outstanding is the same for the computations of both basic and diluted shares outstanding because the Company had a net loss from continuing operations for the period. Equity awards, excluded from our computation of diluted earnings per share because they were anti-dilutive, were 1.6 million, 1.4 million, and 1.6 million for the years ended December 31, 2021, 2020, and 2019, respectively.
v3.22.0.1
Stock-Based Compensation
 12 Months Ended
Dec. 31, 2021
Share-based Payment Arrangement [Abstract]  
Stock-Based Compensation
15. STOCK-BASED COMPENSATION
The Board of Directors adopted, and the Company’s Stockholders approved, the "TreeHouse Foods, Inc. Equity and Incentive Plan" (the "Plan"). Under the Plan, the Compensation Committee may grant awards of various types of compensation, including stock options, restricted stock, restricted stock units, performance shares, performance units, other types of stock-based awards, and other cash-based compensation. The maximum number of shares authorized to be awarded under the Plan is approximately 17.5 million, of which approximately 3.8 million remained available at December 31, 2021.
Total compensation expense related to stock-based payments and the related income tax benefit recognized in Net (loss) income from continuing operations are as follows:
Year Ended December 31,
202120202019
(In millions)
Compensation expense related to stock-based payments$15.6 $26.1 $22.6 
Related income tax benefit3.9 6.7 5.8 

The Company estimates that certain key executives and all directors will complete the required service conditions associated with their awards. For all other employees, the Company estimates its forfeiture rate based on historical experience.

All amounts below include continuing and discontinued operations.
Stock Options — The following table summarizes stock option activity during 2021:
Employee
Options		Weighted
Average
Exercise
Price		Weighted
Average
Remaining
Contractual
Term (yrs.)		Aggregate
Intrinsic
Value
 (In thousands)  (In millions)
Outstanding, at January 1, 20211,312 $77.62 3.1$— 
Expired(163)64.32 
Outstanding, at December 31, 20211,149 79.51 2.3— 
Vested/expected to vest, at December 31, 20211,149 79.51 2.3— 
Exercisable, at December 31, 20211,149 79.51 2.3— 
 Year Ended December 31,
 202120202019
 (In millions)
Intrinsic value of stock options exercised$— $0.7 $0.1 
Tax benefit recognized from stock option exercises— 0.2 — 

There are no future compensation costs related to unvested options at December 31, 2021. There were no options granted in 2021, 2020, or 2019.
Stock options granted under the plan generally have a three year vesting schedule, vest one-third on each of the first three anniversaries of the grant date, and expire ten years from the grant date. Stock options are generally only granted to employees and non-employee directors.
Restricted Stock Units — Employee restricted stock unit awards generally vest based on the passage of time in approximately three equal installments on each of the first three anniversaries of the grant date. Additionally, on December 29, 2021, the Compensation Committee of the Board approved restricted stock unit awards granted to certain executive members of management that vest on the passage of time in approximately three equal installments on each of the first three six month anniversaries of the grant date. Director restricted stock units generally vest on the first anniversary of the grant date. Certain directors have elected to defer receipt of their awards until either their departure from the Board of Directors or a specified date beyond the first anniversary of the grant date.
The following table summarizes the restricted stock unit activity during the year ended December 31, 2021:
Employee
Restricted
Stock Units		Weighted
Average
Grant Date
Fair Value		Director
Restricted
Stock Units		Weighted
Average
Grant Date
Fair Value
 (In thousands) (In thousands) 
Outstanding, at January 1, 2021707 $47.92 125 $54.67 
Granted440 49.56 37 48.03 
Vested(333)46.96 (111)55.38 
Forfeited(154)50.71 (1)52.46 
Outstanding, at December 31, 2021660 48.88 50 48.15 
Vested and deferred, at December 31, 202116 48.35 
 Year Ended December 31,
 202120202019
 (In millions)
Fair value of vested restricted stock units$22.6 $11.1 $19.5 
Tax benefit recognized from vested restricted stock units3.8 2.0 3.7 
Future compensation costs related to restricted stock units are approximately $22.3 million as of December 31, 2021 and will be recognized on a weighted average basis over the next 1.6 years. The grant date fair value of the awards is equal to the Company’s closing stock price on the grant date.
Performance Units — Performance unit awards are granted to certain members of management. These awards contain both service and performance conditions. For awards granted in years prior to 2020, for each year of the three-year performance period, one-third of the units will accrue, multiplied by a predefined percentage generally between 0% and 200%, depending on the achievement of certain operating performance measures. Accrued shares are not earned until the end of the full three-year performance period. For performance unit awards granted in 2020 and 2021, performance goals are set and measured annually with one-quarter of the units eligible to accrue for each year in the three-year performance period. Accrued shares are earned at the end of the three-year performance period. Additionally, for the cumulative three-year performance period, one-quarter of the units will accrue. In 2021, certain executive members of management received awards that had a market condition as described below. For both the annual and cumulative shares, the earned shares are equal to the number of units granted multiplied by a predefined percentage generally between 0% and 200%, depending on the achievement of certain operating performance measures. Accrued units will be converted to stock or cash, at the discretion of the Compensation Committee, generally, on the third anniversary of the grant date. The Company intends to settle these awards in stock and has the shares available to do so.

In 2021, the Compensation Committee of the Board approved performance unit awards granted to certain executive members of management that include a relative total shareholder return market condition that is measured over a three-year performance period in addition to the existing operating performance measures. The units will accrue, multiplied by a predefined percentage generally between 0% and 200% for the operating performance measures and 0% and 150% for the relative total shareholder return measure, depending on the achievement attained for each performance measure. The fair value of the portion of the award earned based on relative total shareholder return was valued using a Monte Carlo simulation model with a grant-date fair value of $59.16 on approximately 23,200 units granted. These awards will be converted to stock or cash, at the discretion of the Compensation Committee, generally, on the third anniversary of the grant date. The Company intends to settle these awards in stock and has the shares available to do so.

The assumptions used in the Monte Carlo simulation were as follows:

Year Ended December 31,
2021
Dividend yield0 %
Risk-free rate0.30 %
Expected volatility35.65 %
Expected term (in years)2.75

The following table summarizes the performance unit activity during the year ended December 31, 2021:
 Performance
Units		Weighted
Average
Grant Date
Fair Value
 (In thousands) 
Unvested, at January 1, 2021541 $52.38 
Granted166 52.80 
Vested(105)45.79 
Forfeited(122)55.10 
Unvested, at December 31, 2021480 54.21 

 Year Ended December 31,
 202120202019
 (In millions)
Fair value of vested performance units$5.6 $3.3 $0.9 
Tax benefit recognized from performance units vested0.3 0.7 0.2 
Future compensation costs related to the performance units are estimated to be approximately $6.9 million as of December 31, 2021 and are expected to be recognized over the next 1.2 years. The fair value of the portion of certain awards earned based on relative total shareholder return was valued using a Monte Carlo simulation model. For other awards, the grant date fair value of is equal to the Company’s closing stock price on the date of grant.
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Accumulated Other Comprehensive Loss
 12 Months Ended
Dec. 31, 2021
Equity [Abstract]  
Accumulated Other Comprehensive Loss
16. ACCUMULATED OTHER COMPREHENSIVE LOSS
Accumulated other comprehensive loss consists of the following components, all of which are net of tax:
 Foreign
Currency
Translation  (1)		Unrecognized
Pension and
Postretirement
Benefits  (2)		Accumulated
Other
Comprehensive
Loss
 (In millions)
Balance at January 1, 2019$(91.7)$(5.4)$(97.1)
Other comprehensive income before reclassifications12.3 0.3 12.6 
Reclassifications from accumulated other comprehensive loss (3)— 0.5 0.5 
Other comprehensive income12.3 0.8 13.1 
Balance at December 31, 2019(79.4)(4.6)(84.0)
Other comprehensive income before reclassifications12.1 7.4 19.5 
Reclassifications from accumulated other comprehensive loss (3)— 0.5 0.5 
Other comprehensive income12.1 7.9 20.0 
Balance at December 31, 2020(67.3)3.3 (64.0)
Other comprehensive (loss) income before reclassifications(3.6)13.5 9.9 
Reclassifications from accumulated other comprehensive loss (3)— 0.5 0.5 
Other comprehensive (loss) income(3.6)14.0 10.4 
Balance at December 31, 2021$(70.9)$17.3 $(53.6)
(1)The tax impact of the foreign currency translation adjustment was insignificant for the years ended December 31, 2021, 2020, and 2019.
(2)The unrecognized pension and postretirement benefits are presented net of tax of $4.5 million and $2.6 million for the years ended December 31, 2021 and 2020, respectively, and the tax impact was insignificant for the year ended December 31, 2019.
(3)Refer to Note 17 for additional information regarding these reclassifications.
v3.22.0.1
Employee Pension and Postretirement Benefit Plans
 12 Months Ended
Dec. 31, 2021
Retirement Benefits [Abstract]  
Employee Pension and Postretirement Benefit Plans
17. EMPLOYEE PENSION AND POSTRETIREMENT BENEFIT PLANS
Defined Contribution Plans — Certain of our union and non-union employees participate in savings and profit sharing plans. These plans generally provide for salary reduction contributions to the plans on behalf of the participants of between 1% and 80% of a participant’s annual compensation and provide for employer matching and profit sharing contributions. The Company established a tax-qualified defined contribution plan to manage the assets. On a continuing operations basis, for the years ended December 31, 2021, 2020, and 2019, the Company made matching and profit sharing contributions to the plans of $20.7 million, $20.4 million, and $19.4 million, respectively.
Pension and Postretirement Benefits — Certain employees and retirees participate in pension and other postretirement benefit plans. Employee benefit plan obligations and expenses included in the Consolidated Financial Statements are determined based on plan assumptions, employee demographic data, including years of service and compensation, benefits and claims paid, and employer contributions. The information below includes the activities of the Company's continuing and discontinued operations.

Pension benefits for eligible salaried and non-union employees were frozen in 2002 for years of creditable service. For these employees, incremental pension benefits are only earned for changes in compensation affecting final average pay. Pension benefits earned by union employees covered by collective bargaining agreements, but not participating in multiemployer pension plans, are earned based on creditable years of service and the specified benefit amounts negotiated as part of the collective bargaining agreements. The Company’s funding policy provides that annual contributions to the pension plan master trust will be at least equal to the minimum amounts required by Employee Retirement Income Security Act of 1974, as amended. The Company estimates that its 2022 contributions to its pension plans will be $0.7 million. The measurement date for the defined benefit pension plans is December 31.

Certain employees participate in benefit programs that provide certain health care and life insurance benefits for retired employees and their eligible dependents. The plans are unfunded. The Company estimates that its 2022 contributions to its postretirement benefit plans will be $1.5 million. The measurement date for the other postretirement benefit plans is December 31.

The Company established a tax-qualified pension plan and master trust to manage the portion of the pension plan assets related to eligible salaried, non-union, and union employees not covered by a multiemployer pension plan. We also retain investment consultants to assist our Investment Committee with formulating a long-term investment policy for the master trust. The expected long-term rate of return on assets is based on projecting long-term market returns for the various asset classes in which the plan’s assets are invested, weighted by the target asset allocations. The estimated ranges are primarily based on observations of historical asset returns and their historical volatility. In determining the expected returns, we also consider consensus forecasts of certain market and economic factors that influence returns, such as inflation, gross domestic product trends, and dividend yields. Active management of the plan assets may result in adjustments to the historical returns. We review the rate of return assumption annually.

Our investment objectives are to minimize the volatility of the value of our pension assets relative to our pension liabilities and to ensure assets are sufficient to pay plan benefits. We have a broad pension de-risking strategy intended to align the characteristics of our assets relative to our liabilities. The strategy targets investments depending on the funded status of the obligation. We anticipate this strategy will continue in future years and will be dependent upon market conditions and plan characteristics.

At December 31, 2021, our master trust was invested as follows: investments in equity securities were at 40%; investments in fixed income were at 53%; investments in hedge funds were at 6%; and cash and cash equivalents were less than 1%. The allocation of our master trust investments as of December 31, 2021 is generally consistent with the targets set forth by our Investment Committee.
The fair value of the Company’s pension plan assets at December 31, 2021 and 2020 is as follows:
December 31,
Pricing Category20212020
(In millions)
Cash and cash equivalents (a)Level 1$1.5 $1.6 
Investments valued using NAV per share:
Equity funds (b)129.7 137.3 
Fixed income funds (c)173.4 170.2 
Alternative funds (d)18.7 16.8 
Total plan assets$323.3 $325.9 

(a)    Includes cash and cash equivalents such as short-term marketable securities. Cash and cash equivalents include money market funds traded in active markets.
(b)    This investment class includes domestic and international equity funds that includes both large and small/mid cap funds that track the S&P index as well as other equity indices. The Company elected the NAV practical expedient to value these funds.
(c)    This investment class includes U.S. Treasury index funds as well as bond funds representative of the United States bond and debt markets with varying benchmark indices. The Company elected the NAV practical expedient to value these funds.
(d)    This investment class primarily includes a hedge fund. The valuation is based on NAV as reported by the asset manager or investment company and adjusted for cash flows, if necessary. In making such an assessment, a variety of factors are reviewed by management, including but not limited to the timeliness of NAV as reported by the asset manager and changes in general economic and market conditions subsequent to the last NAV reported by the asset manager.
The following table summarizes information about our pension and postretirement benefit plans for the years ended December 31, 2021 and 2020:
 Pension BenefitsPostretirement
Benefits
 2021202020212020
 (in millions)
Change in projected benefit obligation:    
Projected benefit obligation, at beginning of year$355.1 $336.0 $26.1 $27.5 
Service cost1.0 1.8 — — 
Interest cost8.8 10.5 0.7 0.8 
Curtailment (1)(0.7)— (0.4)— 
Actuarial (gains) losses (2) (14.2)24.9 (1.6)(0.7)
Benefits paid(19.1)(18.1)(1.5)(1.5)
Projected benefit obligation, at end of year$330.9 $355.1 $23.3 $26.1 
Change in plan assets:
Fair value of plan assets, at beginning of year$325.9 $294.0 $— $— 
Actual gain on plan assets15.8 48.5 — — 
Company contributions0.7 1.5 1.5 1.5 
Benefits paid(19.1)(18.1)(1.5)(1.5)
Fair value of plan assets, at end of year$323.3 $325.9 $— $— 
Funded status of the plan$(7.6)$(29.2)$(23.3)$(26.1)
Amounts recognized in the Consolidated Balance Sheets:
Noncurrent asset$2.6 $— $— $— 
Current liability(0.7)(0.7)(1.5)(1.5)
Noncurrent liability(9.5)(28.5)(21.8)(24.6)
Net amount recognized$(7.6)$(29.2)$(23.3)$(26.1)
Amounts recognized in Accumulated other
   comprehensive loss:
Net actuarial gain$(20.5)$(3.9)$(2.6)$(0.9)
Prior service cost0.2 0.4 — — 
Total, before tax effect$(20.3)$(3.5)$(2.6)$(0.9)
(1)Curtailment relates to the sale of the RTE Cereal business.
(2)The change in actuarial losses (gains) for all pension and postretirement benefits plans in 2021 and 2020 was primarily related to a change in the discount rate used to measure the benefit obligations of those plans.

 Pension Benefits
 20212020
 (In millions)
Accumulated benefit obligation$330.5 $353.5 

The following table provides a summary of pension benefit plans whose projected benefit obligations and accumulated benefit obligations exceed the fair value of their respective plan assets:

 Pension Benefits
 20212020
 (In millions)
Aggregate projected benefit obligation$46.8 $355.1 
Aggregate accumulated benefit obligation46.7 353.5 
Aggregate fair value of plan assets36.6 325.9 
 Pension BenefitsPostretirement Benefits
 2021202020212020
 (In millions)
Weighted average assumptions used to determine the pension benefit obligations:
Discount rate (1)2.86 %2.50 %2.80 %2.50 %
Rate of compensation increases3.00 %3.00 %— — 
(1)For the year ended December 31, 2021, the Company recognized a curtailment gain related to the sale of the RTE Cereal business. The discount rate for the curtailment gain was 2.75%.
The key actuarial assumptions used to determine the postretirement benefit obligations as of December 31, 2021 and 2020 are as follows:
 20212020
 Pre-65Post-65Pre-65Post-65
Health care cost trend rates:    
Health care cost trend rate for next year6.34 %6.91 %6.61 %7.26 %
Ultimate rate4.50 %4.50 %4.50 %4.50 %
Weighted average discount rate2.80 %2.80 %2.50 %2.50 %
Year ultimate rate achieved2030203020292029

The following table summarizes the net periodic cost of our pension and postretirement benefit plans for the years ended December 31, 2021, 2020, and 2019:
 Pension BenefitsPostretirement Benefits
 202120202019202120202019
 (In millions)(In millions)
Components of net periodic costs:      
Service cost$1.0 $1.8 $1.5 $— $— $— 
Interest cost8.8 10.5 12.2 0.7 0.8 1.1 
Expected return on plan assets(13.8)(14.5)(15.2)— — — 
Amortization of unrecognized prior service cost0.2 0.2 0.2 — — — 
Amortization of unrecognized net loss0.5 0.6 0.5 — — — 
Curtailment (1)(0.7)— (0.5)(0.4)— — 
Net periodic (benefit) cost$(4.0)$(1.4)$(1.3)$0.3 $0.8 $1.1 
(1)For the year ended December 31, 2021, the Company recognized a curtailment gain related to the sale of the RTE Cereal business within Cost of sales in the Consolidated Statements of Operations. For the year ended December 31, 2019, a curtailment gain was recognized related to the closure of the Company's Battle Creek, Michigan facility within Cost of sales in the Consolidated Statements of Operations.
 Pension BenefitsPostretirement Benefits
 202120202019202120202019
Weighted average assumptions used to determine the periodic benefit costs:      
Discount rate (1)2.50 %3.25 %4.40 %2.50 %3.25 %4.40 %
Rate of compensation increases3.00 %
3.50%-4.00%
3.50%-4.00%
———
Expected return on plan assets4.40 %5.10 %5.91 %———
(1)For the year ended December 31, 2021, the Company recognized a curtailment gain related to the sale of the RTE Cereal business. The discount rate for the curtailment gain was 2.75%.
Estimated future pension and postretirement benefit payments from the plans are as follows:
 Pension
Benefit		Postretirement
Benefit
 (In millions)
2022$20.5 $1.5 
202321.0 1.5 
202421.9 1.5 
202520.4 1.5 
202620.1 1.5 
2027-203196.8 7.3 

Multiemployer Pension Plans - The Company contributes to several multiemployer pension plans on behalf of employees covered by collective bargaining agreements. These plans are administered jointly by management and union representatives and cover substantially all full-time and certain part-time union employees who are not covered by other plans. The risks of participating in multiemployer plans are different from single-employer plans in the following aspects: (1) assets contributed to the multiemployer plan by one employer may be used to provide benefits to employees of other participating employers, (2) if a participating employer stops contributing to the plan, the unfunded obligations of the plan may be borne by the remaining participating employers, and (3) if the Company chooses to stop participating in a multiemployer plan, we could, under certain circumstances, be liable for unfunded vested benefits or other expenses of jointly administered union/management plans. 

The Company’s participation in multiemployer pension plans is outlined in the table below. The EIN column provides the Employer Identification Number ("EIN") of each plan. Unless otherwise noted, the most recent Pension Protection Act zone status available in December 31, 2021 and 2020 is for the plan’s years ended December 31, 2020, and 2019, respectively. The zone status is based on information that the Company received from the plan, and is certified by the plan’s actuary. Among other factors, plans in the red zone are generally less than 65% funded, plans in the yellow zone are less than 80% funded, and plans in the green zone are at least 80% funded. The FIP column indicates plans for which a financial improvement plan ("FIP") is either pending or has been implemented. The last column lists the expiration dates of the collective bargaining agreements to which the plans are subject. There have been no other significant changes in the number of Company employees covered by the multiemployer plans or other significant events that would affect the comparability of contributions to the plans.

The following table lists information about the Company's individually significant multiemployer pension plans:
  Pension 
Protection
Act
Zone Status		 TreeHouse Foods Expiration
Date
 EIN / Pension Plan Year Ended
December 31,		FIP
Implemented		Contributions
(in millions)		Surcharge
Imposed		Of Collective
Bargaining
Plan NamePlan Number20202019(yes or no)202120202019(yes or no)Agreement(s)
Bakery and Confectionery         
Union and Industry 7/22/2023
International Pension Fund52-6118572 / 001RedRedYes$2.0 $1.6 $1.5 Yes12/4/2023
Central States Southeast and 
Southwest Areas Pension 
Fund36-6044243 / 001RedRedYes1.1 1.1 1.0 Yes12/31/2022
Retail, Wholesale and 
Department Store 
International Union and 
Industry Pension Fund63-0708442 / 001YellowYellowYes— — 0.3 Yes(1)
Rockford Area Dairy 
Industry Local 754, Intl. 
Brotherhood of Teamsters 
Retirement Pension Plan (2)36-6067654 / 001GreenGreenNo0.6 0.6 0.5 No4/30/2026

(1)During 2019, the Company executed a complete withdrawal from the Retail, Wholesale, and Department Store International Union and Industry Pension Fund and settled a withdrawal liability of $4.3 million.
(2)A subsidiary of the Company was listed in the plan’s Form 5500 as providing more than 5.0% of the total contributions for the plan's year ended December 31, 2020 and 2019.
At the date these financial statements were issued, Forms 5500 were not available for the multiemployer pension plans for the plan year ended December 31, 2021. No other withdrawal liabilities were established related to multiemployer pension plans, as withdrawal from the remaining plans is not probable as of December 31, 2021.
The Company contributes to certain multiemployer postretirement benefit plans other than pensions on behalf of employees covered by collective bargaining agreements. These plans are administered jointly by management and union representatives and cover all eligible retirees. These plans are primarily health and welfare funds and carry the same multiemployer risks as identified at the beginning of this Note. Total contributions to these plans were $0.3 million, $0.3 million, and $0.2 million for the years ended December 31, 2021, 2020, and 2019, respectively.
v3.22.0.1
Other Operating Expense, Net
 12 Months Ended
Dec. 31, 2021
Other Income and Expenses [Abstract]  
Other Operating Expense, Net
18. OTHER OPERATING EXPENSE, NET
The Company incurred other operating expense for the years ended December 31, 2021, 2020, and 2019, which consisted of the following:
 Year Ended December 31,
 202120202019
 (In millions)
Growth, reinvestment, and restructuring programs (1)$87.1 $71.1 $99.3 
Loss on divestitures (2)— 0.3 — 
Other3.4 (0.3)0.3 
Total other operating expense, net$90.5 $71.1 $99.6 
(1)Refer to Note 3 for additional information.
(2)Refer to Note 7 for additional information.
v3.22.0.1
Commitments and Contingencies
 12 Months Ended
Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies
19. COMMITMENTS AND CONTINGENCIES
Shareholder Class Action and Related Derivative Actions

The Company, as nominal defendant, and certain of its directors, officers and former directors and officers are parties to the following four shareholder derivative suits, each of which involves substantially similar claims and allegations:

(i)Wells v. Reed, et al., Case No. 2016-CH-16359 (filed Dec. 22, 2016 in the Circuit Court of Cook County, Illinois), asserting state law claims for breach of fiduciary duty, unjust enrichment and corporate waste;
(ii)Lavin v. Reed, et al., Case No. 17-cv-01014 (filed Feb. 7, 2017 in the United States District Court for the Northern District of Illinois), asserting state law claims for breach of fiduciary duty, unjust enrichment, abuse of control, gross mismanagement, and corporate waste;
(iii)Bartelt v. Reed, et al., Case No. 1:19-cv-00835 (filed Feb. 8, 2019 in the United States District Court for the Northern District of Illinois), asserting state law claims for breach of fiduciary duty, unjust enrichment, abuse of control, gross mismanagement, and corporate waste, as well as violations of Section 14 of the Securities Exchange Act of 1934; and
(iv)City of Ann Arbor Employees' Retirement System v. Reed, et al., Case No. 2019-CH-06753 (filed June 3, 2019 in the Circuit Court of Cook County, Illinois), asserting claims breach of fiduciary duty, aiding and abetting breaches of fiduciary duty and contribution and indemnification from the individual defendants for losses incurred by the Company.

Essentially, all four complaints allege that TreeHouse, under the authority and control of the individual defendants: (i) made certain false and misleading statements regarding the Company's business, operations, and future prospects; and (ii) failed to disclose that (a) the Company's private label business was underperforming; (b) the Company's Flagstone business was underperforming; (c) the Company's acquisition strategy was underperforming; (d) the Company had overstated its full-year 2016 guidance; and (e) TreeHouse's statements lacked reasonable basis. The complaints allege, among other things, that these actions artificially inflated the market price of TreeHouse common stock and resulted in harm to the Company, including the filing of the MPERS federal securities fraud class action (see below). The Bartelt action also includes substantially similar allegations concerning events in 2017.
Each of these cases involves allegations similar to those in an earlier-filed, recently resolved federal securities class action, Public Employees' Retirement Systems of Mississippi v. TreeHouse Foods, Inc., et al., Case No. 1:16-cv-10632 (originally captioned Tarara v. TreeHouse Foods, Inc., et al.) (“MPERS”) (filed Nov. 16, 2016), in the United States District Court for the Northern District of Illinois brought on behalf of a class of all purchasers of TreeHouse common stock from January 20, 2016 through and including November 2, 2016. The MPERS complaint asserted claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder and sought, among other things, damages and costs and expenses based on essentially the same facts described above. Following denial of defendants’ motion to dismiss, grant of plaintiff’s motion to certify a class, limited discovery, and extended mediator-facilitated negotiations with Greg Lindstrom of Phillips ADR, on July 14, 2021, the parties filed a stipulation of settlement to resolve the case for a cash payment of $27.0 million (funded by D&O insurance) in exchange for dismissal with prejudice of the class claims and full releases. After briefing, preliminary approval, notice and a hearing, on November 17, 2021, the Court granted final approval of the settlement and entered final judgment dismissing the case with prejudice on a classwide basis. On November 18, 2021, the Court granted lead counsel’s request for attorneys’ fees and expenses and approved a plan of allocation.

Due to the similarity of the derivative complaints, Bartelt was consolidated with Lavin, Ann Arbor was consolidated with Wells, and the parties entered stipulations deferring all of the derivative cases until either summary judgment or settlement of
the MPERS class action. Pursuant to a schedule entered in light of the resolution of the MPERS class action, plaintiffs in the consolidated Wells case have until February 28, 2022, to either file a consolidated complaint or designate one of the existing complaints as the operative complaint and a briefing schedule has been set if defendants move to dismiss. The parties are to appear for a status conference or hearing on June 27, 2022. The court in the consolidated Lavin case has asked the parties to submit a case schedule by January 31, 2022. As a result of these developments, the Company has an accrual for a $27.0 million liability and a corresponding insurance receivable within Accrued expenses and Prepaid expenses and other current assets, respectively, in the Consolidated Balance Sheets as of December 31, 2021.

Employment Related Claims

The Company is party to matters challenging its wage and hour practices. These matters include a number of class actions consolidated under the caption Negrete v. Ralcorp Holdings, Inc., et al, (the first of which was filed in California state court on October 20, 2015) pending in the U.S. District Court for the Central District of California, in which plaintiffs allege a pattern of violations of California and/or federal law at three former Company manufacturing facilities in California. The Company has notified the Court that it has reached a preliminary settlement understanding with the Negrete plaintiffs that would resolve all associated matters for a payment by the Company of $9.0 million. On January 13, 2022, the Court orally approved the settlement at a final hearing. As a result of these developments, the Company has an accrual for a $9.0 million liability within Accrued expenses in the Consolidated Balance Sheets as of December 31, 2021 with the settlement payment expected to be made in 2022.

Other Claims

In addition, the Company is party in the ordinary course of business to certain claims, litigation, audits, and investigations. The Company will record an accrual for a loss contingency when it is probable that a loss has been incurred and the amount of the loss can be reasonably estimated. The Company believes it has established adequate accruals for liabilities that are probable and reasonably estimable that may be incurred in connection with any such currently pending or threatened matter. In the Company's opinion, the eventual resolution of such matters, either individually or in the aggregate, is not expected to have a material impact on the Company's financial position, results of operations, or cash flows. However, litigation is inherently unpredictable and resolutions or dispositions of claims or lawsuits by settlement or otherwise could have an adverse impact on our financial position, results of operations or cash flows for the reporting period in which any such resolution or disposition occurs.

In February 2014, TreeHouse, along with its 100% owned subsidiaries, Bay Valley Foods, LLC and Sturm Foods, Inc., filed suit against Keurig Dr. Pepper Inc.'s wholly-owned subsidiary, Keurig Green Mountain ("KGM"), in the U.S. District Court for the Southern District of New York ("SDNY") captioned TreeHouse Foods, Inc. et al. v. Green Mountain Coffee Roasters, Inc. et al. TreeHouse asserted claims under the federal antitrust laws and various state antitrust laws and unfair competition statutes, contending that KGM had monopolized alleged markets for single serve coffee brewers and single serve coffee pods. TreeHouse is seeking monetary damages, declaratory relief, injunctive relief, and attorneys' fees. The matter remains pending, with summary judgment, motions to exclude certain expert opinions, and discovery sanctions motions fully briefed. KGM is denying the allegations made by TreeHouse in the litigation. As such, TreeHouse has not recorded any amount in its Consolidated Financial Statements as of December 31, 2021.
v3.22.0.1
Derivative Instruments
 12 Months Ended
Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Instruments
20. DERIVATIVE INSTRUMENTS
Interest Rate Swap Agreements — The Company manages its exposure to changes in interest rates by optimizing the use of variable-rate and fixed-rate debt and by utilizing interest rate swaps to hedge our exposure to changes in interest rates, to reduce the volatility of our financing costs, and to achieve a desired proportion of fixed versus floating-rate debt, based on current and projected market conditions.
The Company has entered into long-term interest rate swap agreements to lock into a fixed LIBOR interest rate base that have a notional value of $875.0 million as of both December 31, 2021 and 2020. Under the terms of the agreements, $875.0 million in variable-rate debt is swapped for a weighted average fixed interest rate base of approximately 2.68% in 2020 and 2.91% from 2021 through 2025.

Foreign Currency Contracts — Due to the Company’s foreign operations, it is exposed to foreign currency risk. The Company enters into foreign currency contracts to manage the risk associated with foreign currency cash flows. This includes, but is not limited to, using foreign currency contracts to establish a fixed foreign currency exchange rate for the net cash flow requirements for purchases of inventory, sales of finished goods, and future settlement of foreign-denominated assets and liabilities. As of December 31, 2021 and 2020, the notional value of the foreign currency contracts outstanding was $5.5 million and $7.7 million, respectively. These foreign currency contracts have maturities expiring throughout 2022 as of December 31, 2021.

Commodity Contracts — Certain commodities the Company uses in the production and distribution of its products are exposed to market price risk. The Company utilizes derivative contracts to manage this risk. The majority of commodity forward contracts are not derivatives, and those that are generally qualify for the normal purchases and normal sales scope exception under the guidance for derivative instruments and hedging activities and, therefore, are not subject to its provisions. For derivative commodity contracts that do not qualify for the normal purchases and normal sales scope exception, the Company accounts for the contracts as derivatives.

The Company’s derivative commodity contracts may include contracts for diesel, oil, plastics, natural gas, electricity, resin, corn, coffee, flour, and other commodity contracts that do not meet the requirements for the normal purchases and normal sales scope exception.

Diesel contracts are used to manage the Company’s risk associated with the underlying cost of diesel fuel used to deliver products. Contracts for oil, plastics, and resin are used to manage the Company’s risk associated with the underlying commodity cost of a significant component used in packaging materials. Contracts for natural gas and electricity are used to manage the Company’s risk associated with the utility costs of its manufacturing facilities, and other commodity contracts that are derivatives that do not meet the normal purchases and normal sales scope exception are used to manage the price risk associated with raw material costs. As of December 31, 2021 and 2020, the notional value of the commodity contracts outstanding was $58.8 million and $47.0 million, respectively. These commodity contracts have maturities expiring throughout 2022 as of December 31, 2021.

Total Return Swap Contract — In March 2021, the Company entered into an economic hedge program that uses a total return swap contract to hedge the market risk associated with the unfunded portion of the Company's deferred compensation liability. The total return swap contract trades generally have a duration of one month and are rebalanced and re-hedged at the end of each monthly term. While the total return swap contract is treated as an economic hedge, the Company has not designated it as a hedge for accounting purposes. The total return swap contract is measured at fair value and recognized in the Consolidated Balance Sheets, with changes in value being recognized in the Consolidated Statements of Operations. As of December 31, 2021, the notional value of the total return swap contract was $7.0 million.
The following table identifies the fair value of each derivative instrument:
 December 31,
 20212020
 (In millions)
Asset derivatives  
Commodity contracts$3.9 $12.6 
 $3.9 $12.6 
Liability derivatives
Commodity contracts$0.9 $0.7 
Foreign currency contracts0.2 — 
Interest rate swap agreements51.2 97.4 
 $52.3 $98.1 
As of December 31, 2021 and 2020, asset derivatives are included within Prepaid expense and other current assets and liability derivatives are included within Accrued expenses in the Consolidated Balance Sheets.
The fair values of the commodity contracts, foreign currency contracts, interest rate swap agreements, and the total return swap contract are determined using Level 2 inputs. Level 2 inputs are inputs other than quoted market prices that are observable for an asset or liability, either directly or indirectly. The fair values of the commodity contracts, foreign currency contracts, interest rate swap agreements, and total return swap contract are based on an analysis comparing the contract rates to the market rates at the balance sheet date.
We recognized the following gains and losses on our derivative contracts in the Consolidated Statements of Operations:
 Location of Gain (Loss)Year Ended
December 31,
 Recognized in Net (Loss) Income202120202019
  (In millions)
Mark-to-market unrealized gain (loss):   
Commodity contractsOther (income) expense, net$(8.9)$11.7 $1.5 
Foreign currency contractsOther (income) expense, net(0.2)0.1 (1.6)
Interest rate swap agreementsOther (income) expense, net46.2 (41.7)(46.9)
Total unrealized gain (loss) $37.1 $(29.9)$(47.0)
Realized gain (loss): 
Commodity contractsManufacturing related to Cost of sales and transportation related to Selling and distribution$31.6 $(9.8)$1.5 
Foreign currency contractsCost of sales(0.3)0.4 0.5 
Interest rate swap agreementsInterest expense(24.9)(18.4)6.5 
Total return swap contractGeneral and administrative1.0 — — 
Total realized gain (loss) $7.4 $(27.8)$8.5 
Total gain (loss) $44.5 $(57.7)$(38.5)
v3.22.0.1
Segment and Geographic Information and Major Customers
 12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
Segment and Geographic Information and Major Customers
21. SEGMENT AND GEOGRAPHIC INFORMATION AND MAJOR CUSTOMERS
The Company manages operations on a company-wide basis, thereby making determinations as to the allocation of resources in total rather than on a segment-level basis. The Company has designated reportable segments based on how management views its business. The Company does not segregate assets between segments for internal reporting. Therefore, asset-related information has not been presented. The two reportable segments, as presented below, are consistent with the manner in which the Company reports its results to the Chief Executive Officer, who has been identified as our Chief Operating Decision Maker.

The principal products that comprise each segment are as follows:

Meal Preparation – Our Meal Preparation segment sells aseptic cheese & pudding; baking and mix powders; hot cereals; jams, preserves, and jellies; liquid and powdered non-dairy creamer; macaroni and cheese; mayonnaise; Mexican, barbeque, and other sauces; pasta; pickles and related products; powdered soups and gravies; refrigerated and shelf stable dressings and sauces; refrigerated dough; single serve hot beverages; skillet dinners; and table and flavored syrups.

Snacking & Beverages – Our Snacking & Beverages segment sells bars; broths; candy; cookies; crackers; in-store bakery products; pita chips; powdered drinks; pretzels; ready-to-drink coffee; retail griddle waffles, pancakes, and French toast; specialty teas; and sweeteners.

The Company evaluates the performance of its segments based on net sales dollars and direct operating income. Direct operating income is defined as gross profit less freight out, sales commissions, and direct selling, general, and administrative expenses. The amounts in the following tables are obtained from reports used by senior management and do not include income taxes. Other expenses not allocated include unallocated selling, general, and administrative expenses, unallocated costs of sales, and unallocated corporate expenses (amortization expense, other operating expense, and asset impairment). The accounting policies of the Company’s segments are the same as those described in the summary of significant accounting policies set forth in Note 1.

Financial information relating to the Company’s reportable segments on a continuing operations basis is as follows:
 Year Ended December 31,
 202120202019
 (In millions)
Net sales to external customers:   
Meal Preparation$2,737.7 $2,701.4 $2,680.7 
Snacking & Beverages1,589.9 1,649.4 1,608.2 
Unallocated— (1.1)— 
Total$4,327.6 $4,349.7 $4,288.9 
Direct operating income:
Meal Preparation$260.8 $370.6 $381.3 
Snacking & Beverages159.5 234.6 192.8 
Total420.3 605.2 574.1 
Unallocated selling, general, and administrative expenses(237.6)(277.2)(270.9)
Unallocated cost of sales (1)11.0 (36.0)(16.5)
Unallocated corporate expense and other (1)(172.4)(142.9)(302.8)
Operating income (loss)21.3 149.1 (16.1)
Other expense(52.8)(132.0)(139.7)
(Loss) income before income taxes$(31.5)$17.1 $(155.8)
Depreciation:
Meal Preparation$65.9 $57.8 $60.2 
Snacking & Beverages67.7 64.6 68.6 
Corporate office (2)7.6 10.1 7.7 
Total$141.2 $132.5 $136.5 
(1)Includes charges related to growth, reinvestment, and restructuring programs and other costs managed at corporate. Other costs include incremental expenses directly attributable to our response to the COVID-19 pandemic, which included supplemental pay to our front-line personnel, additional protective equipment for employees, and additional sanitation measures. Asset impairments are included in Unallocated corporate expense and other.
(2)Includes accelerated depreciation related to growth, reinvestment, and restructuring programs.
Segment revenue disaggregated by product category groups are as follows:
 Year Ended December 31,
 202120202019
 (In millions)
Center store grocery$1,742.0 $1,700.8 $1,763.1 
Main course995.7 1,000.6 917.6 
Total Meal Preparation2,737.7 2,701.4 2,680.7 
Sweet & savory snacks1,158.1 1,177.2 1,220.1 
Beverages & drink mixes431.8 472.2 388.1 
Total Snacking & Beverages1,589.9 1,649.4 1,608.2 
Unallocated net sales— (1.1)— 
Total net sales$4,327.6 $4,349.7 $4,288.9 

Segment revenue disaggregated by sales channel is as follows:
 Year Ended December 31,
 202120202019
 (In millions)
Retail grocery$2,062.1 $2,141.7 $2,018.8 
Food-away-from-home282.4 234.1 334.8 
Industrial, co-manufacturing, and other393.2 325.6 327.1 
Total Meal Preparation2,737.7 2,701.4 2,680.7 
Retail grocery1,366.6 1,440.0 1,400.4 
Food-away-from-home12.4 11.5 22.4 
Industrial, co-manufacturing, and other210.9 197.9 185.4 
Total Snacking & Beverages1,589.9 1,649.4 1,608.2 
Unallocated net sales— (1.1)— 
Total net sales$4,327.6 $4,349.7 $4,288.9 

Geographic Information — The Company had net sales from customers outside of the United States of approximately 7.5%, 6.8%, and 7.3% of total consolidated net sales from continuing operations in 2021, 2020, and 2019, respectively, with 5.8%, 5.2%, and 5.8% of total consolidated net sales from continuing operations going to Canada in 2021, 2020, and 2019, respectively. Net sales are determined based on the customer destination where the products are shipped.
Long-lived assets consist of net property, plant, and equipment. The geographic location of long-lived assets is as follows:
 December 31,
 20212020
 (In millions)
Long-lived assets:  
United States$884.8 $927.4 
Canada118.6 125.2 
Other15.7 17.4 
Total$1,019.1 $1,070.0 
Major Customers — Walmart Inc. and affiliates accounted for approximately 22.5%, 23.9%, and 24.4% of consolidated net sales from continuing operations in December 31, 2021, 2020, and 2019, respectively, with net sales in both Meal Preparation and Snacking & Beverages segments. No other customer accounted for more than 10% of our consolidated net sales from continuing operations.

When taking into account those receivables sold under our Receivables Sales Program (refer to Note 5 for more information), no individual customers accounted for more than 10.0% of our total trade receivables as of December 31, 2021. Walmart Inc. and affiliates accounted for 17.3% of our total trade receivables as of December 31, 2020, and no other individual customer accounted for more than 10.0% of our total trade receivables.
v3.22.0.1
Schedule II - Valuation and Qualifying Accounts
 12 Months Ended
Dec. 31, 2021
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]  
Schedule II - Valuation and Qualifying Accounts
Deferred Tax Valuation AllowanceBalance
Beginning
of Year		AdditionsReductionsBalance End
of Year
(In millions)
2019$(15.1)$(153.5)$0.7 $(167.9)
2020(167.9)(0.2)7.1 (161.0)
2021(161.0)(2.5)1.0 (162.5)
v3.22.0.1
Summary of Significant Accounting Policies (Policies)
 12 Months Ended
Dec. 31, 2021
Accounting Policies [Abstract]  
Basis of Presentation Basis of Presentation — The Consolidated Financial Statements include the accounts of TreeHouse Foods, Inc. and its 100% owned direct and indirect subsidiaries (the "Company," "TreeHouse,” "we," "us," or "our"). All intercompany balances and transactions are eliminated in consolidation. Discontinued Operations — Beginning in the third quarter of 2019, the Company determined that both its Snacks division and its Ready-to-eat ("RTE") Cereal business met the discontinued operations criteria in Accounting Standards Codification ("ASC") 205-20-45 and were classified as discontinued operations. As such, both businesses have been excluded from continuing operations and segment results for all periods presented.
Use of Estimates Use of Estimates — The preparation of our Consolidated Financial Statements in conformity with accounting principles generally accepted in the United States of America ("GAAP") requires management to use judgment to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the Consolidated Financial Statements, and the reported amounts of net sales and expenses during the reporting period. Actual results could differ from these estimates.
Cash and Cash Equivalents Cash and Cash Equivalents — We consider temporary cash investments with an original maturity of three months or less to be cash equivalents. As of December 31, 2021 and 2020, $39.3 million and $92.3 million, respectively, represents cash and cash equivalents held in foreign jurisdictions, in local currencies. The Company is exposed to potential risks associated with its cash and cash equivalents. The Company places its cash and cash equivalents with high credit quality financial institutions. Deposits with these financial institutions may exceed the amount of insurance provided; however, these deposits typically are redeemable upon demand and, therefore, the Company believes the financial risks associated with these financial instruments are minimal.
Accounts Receivable Accounts Receivable — We provide credit terms to customers in-line with industry standards, perform ongoing credit evaluations of our customers, and maintain allowances for potential credit losses based on historical experience. Customer balances are written off after all collection efforts are exhausted. Estimated product returns, which have not been material, are deducted from sales at the time of shipment.
Inventories Inventories — Inventories are stated at the lower of cost or net realizable value. We value inventories using the standard cost method which approximates costs determined on the first-in first-out basis. The costs of finished goods inventories include raw materials, labor, and overhead costs.
Leases
Leases — Right-of-use assets and their corresponding lease liabilities are measured and recognized based on the present value of the future minimum lease payments over the lease term at the commencement date. The Company does not record leases with an initial term of 12 months or less on the balance sheet. Expense for these short-term leases is recognized on a straight-line basis over the lease term.

The majority of the Company's leases do not provide an implicit rate; therefore, the Company uses its incremental borrowing rate based on the information available at the commencement date in determining the present value of future payments for those leases. The Company has elected the practical expedient to apply discount rates to its lease portfolio based on the portfolio approach. The Company grouped the leases into portfolios by remaining lease term.

The Company includes lease payments under options to extend or terminate the lease in the measurement of the right-of-use asset and lease liability when it is reasonably certain that it will exercise such options. For operating leases, lease expense for minimum lease payments is recognized on a straight-line basis over the lease term. Finance leases are amortized over the shorter of their lease term or their estimated useful lives, and amortization expense is included in depreciation expense. Fixed lease costs represent the explicitly quantified lease payments prescribed by the lease agreement and are included in the measurement of the right-of-use asset and corresponding lease liability. Variable lease payments that depend on an index or a rate are included in the calculation of the right-of-use asset and lease liability based on the index or rate at lease commencement. Other variable lease payments such as those that depend on the usage or performance of an underlying asset are not included in the measurement of the right-of-use asset or lease liability. The Company has elected the practical expedient to combine lease and nonlease components into a single component for all of its leases.
Property, Plant, and Equipment
Property, Plant, and Equipment — Property, plant, and equipment are stated at acquisition cost, plus capitalized interest on borrowings during the actual construction period of major capital projects. Depreciation and amortization are calculated using the straight-line method over the estimated useful lives of the assets as follows:
AssetUseful Life
Buildings and improvements
12-40 years
Machinery and equipment
3-15 years
Office furniture and equipment
3-12 years

Building and leasehold improvements are depreciated over the shorter of the estimated useful life of the assets or the remaining useful life of the associated building or lease.

We perform impairment tests when circumstances indicate that the carrying value of an asset may not be recoverable. Refer to Note 8 for additional information. Expenditures for repairs and maintenance, which do not improve or extend the life of the assets, are expensed as incurred.
Intangible and Other Assets
Intangible and Other Assets — Identifiable intangible assets with finite lives are amortized over their estimated useful lives as follows:
AssetUseful Life
Customer-related
5 to 20 years
Trademarks
10 to 20 years
Non-competition agreementsBased on the terms of the agreements
Deferred financing costs associated with line-of-credit arrangementsBased on the terms of the agreements
Formulas/recipes
5 to 7 years
Computer software
3 to 10 years

All amortization expense related to intangible assets is recorded in Amortization expense in the Consolidated Statements of Operations.

Indefinite lived trademarks are evaluated for impairment annually in the fourth quarter or more frequently, if events or changes in circumstances indicate that the asset might be impaired. Impairment is indicated when their book value exceeds fair value. If the fair value of an evaluated asset is less than its book value, the asset is written down to fair value, which is generally based on its discounted future cash flows.

Amortizable intangible assets are evaluated for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. If an evaluation of the undiscounted cash flows indicates impairment, the asset group is impaired to its estimated fair value, which is generally based on discounted future cash flows, and the impairment is allocated to the individual assets within the asset group.

Goodwill is evaluated annually in the fourth quarter or more frequently, if events or changes in circumstances require an interim assessment. We assess goodwill for impairment (as of December 31) at the reporting unit level using income and market approaches, employing significant assumptions regarding growth, discount rates, and profitability at each reporting unit. Our estimates under the income approach are determined based on a discounted cash flow model. The market approach uses a market multiple methodology employing earnings before interest, taxes, depreciation, and amortization ("EBITDA") and applies a range of multiples to those amounts in determining the indicated fair value. In determining the multiples used in this approach, we obtain the multiples for selected peer companies using the most recent publicly available information. In determining the indicated fair value of each reporting unit, the Company concludes based on the income approach, and uses the market approach to corroborate, as the Company believes the income approach is the most reliable indicator of the fair value of the reporting units. The resulting value is then compared to the carrying value of each reporting unit to determine if impairment is necessary.
Revenue Recognition
Revenue Recognition — We manufacture and sell food and beverage products to retailers, foodservice distributors, co-manufacturers, and industrial and export channels. Revenue recognition is completed on a point in time basis when product control is transferred to the customer. In general, control transfers to the customer when the product is shipped or delivered to the customer based upon applicable shipping terms. For each contract, the Company considers the transfer of products, each of which is distinct, to be the identified performance obligation generally satisfied within one year. No payment terms beyond one year are granted at contract inception.

Most contracts also include some form of variable consideration. The most common forms of variable consideration include discounts, rebates, and sales returns and allowances. Variable consideration is treated as a reduction in revenue when product revenue is recognized. Depending on the specific type of variable consideration, we use either the expected value or most likely amount method to determine the variable consideration. The Company reviews and updates its estimates and related accruals of variable consideration each period based on the terms of the agreements, historical experience, and any recent changes in the market.  

The Company does not have significant deferred revenue or unbilled receivable balances arising from transactions with customers. We do not capitalize contract inception costs, as contracts are one year or less. The Company does not incur significant fulfillment costs requiring capitalization. Shipping and handling costs associated with outbound freight are included within Selling and distribution expenses and are accounted for as a fulfillment cost as incurred, including shipping and handling costs after control over a product has transferred to a customer. Shipping and handling costs recorded as a component of Selling and distribution expense were approximately $173.5 million, $153.6 million, and $148.3 million for the years ended December 31, 2021, 2020, and 2019, respectively. In addition, any taxes collected on behalf of government authorities are excluded from net sales.
Cost of Sales Cost of Sales — Cost of sales represents costs directly related to the manufacture and distribution of our products. Such costs include raw materials, packaging, direct and indirect labor, shipping and handling costs, and overhead which includes depreciation of manufacturing and distribution facilities. Shipping and handling costs included in cost of sales reflect inbound freight, inventory warehouse costs, product loading and handling costs, and costs associated with transporting finished products from our manufacturing facilities to distribution warehouses.
Stock-Based Compensation Stock-Based Compensation — We measure compensation expense for our equity awards at their grant date fair value. The resulting expense is recognized over the relevant service period.
Employee-Related Benefits Employment-Related Benefits — We provide a range of benefits to our employees, including pension and postretirement benefits to our eligible employees and retirees. We record annual amounts relating to these plans based on calculations specified by GAAP, which include various actuarial assumptions, such as discount rates, assumed investment rates of return, compensation increases, employee turnover rates, and health care cost trend rates. We make modifications to the actuarial assumptions based on plan changes, current rates, and trends when appropriate. Workers' Compensation — The measurement of the liability for our cost of providing these benefits is largely based upon loss development factors that contemplate a number of variables, including claims history and expected trends. These loss development factors are based on industry factors and, along with the estimated liabilities, are developed by us in consultation with external insurance brokers and actuaries. Changes in loss development factors, claims history, and cost trends could result in substantially different results in the future.
Income Taxes Income Taxes — The provision for income taxes includes federal, foreign, state, and local income taxes currently payable, and those deferred because of temporary differences between the financial statement and tax bases of assets and liabilities. Deferred tax assets or liabilities are computed based on the difference between the financial statement and income tax bases of assets and liabilities using enacted tax rates. Valuation allowances are recorded to reduce deferred tax assets when it is more likely than not that a tax benefit will not be realized. Deferred income tax expenses or credits are based on the changes in the asset or liability from period to period. We account for uncertain tax positions using a "more-likely-than-not" threshold. A tax benefit from an uncertain tax position is recognized if it is more-likely-than-not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position, or the statute of limitations concerning such issues lapses.
Derivatives Instruments Derivative Instruments — The Company is exposed to certain risks relating to its ongoing business operations. The primary risks managed by derivative instruments include interest rate risk, foreign currency risk, commodity price risk, and market risk associated with the unfunded portion of the Company's deferred compensation liability. Derivative contracts are entered into for periods consistent with the related underlying exposure and do not constitute positions independent of those exposures. The Company does not enter into derivative instruments for trading or speculative purposes. All derivatives are recorded on a gross basis and carried at fair value in our Consolidated Balance Sheets. None of the Company's derivative instruments are accounted for under hedge accounting and the changes in their fair value are recorded in the Consolidated Statements of Operations.
Foreign Currency Translation and Transactions Foreign Currency Translation and Transactions — The functional currency of the Company’s foreign operations is the applicable local currency. The functional currency is translated into U.S. dollars for balance sheet accounts using currency exchange rates in effect as of the balance sheet date, and for revenue and expense accounts using a weighted-average exchange rate during the fiscal year. The translation adjustments are deferred as a separate component of Stockholders’ equity in Accumulated other comprehensive loss. Gains or losses resulting from transactions denominated in foreign currencies and intercompany debt that is not of a long-term investment nature are included in Gain on foreign currency exchange in the Consolidated Statements of Operations. Gains or losses resulting from intercompany debt that is designated a long-term investment are recorded as a separate component of Stockholders' equity in Accumulated other comprehensive loss.
Restructuring Expenses Restructuring Expenses — Restructuring charges principally consist of retention, severance, and other employee separation costs, contract termination costs, accelerated depreciation, professional fees, and certain long-lived asset impairments. The Company recognizes restructuring obligations and liabilities for exit and disposal activities at fair value in the period the liability is incurred. One-time employee termination benefits for employee severance costs are expensed evenly starting at the communication date over the period during which the employee is required to render service to receive the severance. Ongoing benefit arrangements for employee severance costs are expensed when they become probable and reasonably estimable. Depreciation expense related to assets that will be disposed of or idled as a part of the restructuring activity is accelerated through the expected date of the asset shut down. Restructuring charges are incurred as a component of Operating income (loss).
Research and Development Costs Research and Development Costs — We record research and development charges to expense as they are incurred and report them in General and administrative expense in our Consolidated Statements of Operations.
Advertising Costs Advertising Costs — Advertising costs are expensed as incurred and reported in Selling and distribution expense of our Consolidated Statements of Operations.
Earnings (loss) per share from Continuing Operations Earnings (Loss) Per Share from Continuing Operations — Basic earnings per share is computed by dividing net income by the number of weighted average common shares outstanding during the reporting period. The weighted average number of common shares used in the diluted earnings per share calculation is determined using the treasury stock method and includes the incremental effect related to the Company’s outstanding stock-based compensation awards.
Recently Issued Accounting Pronouncements
Not yet adopted

In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting, which provides temporary optional guidance to ease the potential burden in accounting for reference rate reform. ASU 2020-04 was further amended in January 2021 by ASU 2021-01, Reference Rate Reform (Topic 848): Scope. This guidance provides optional expedients and exceptions for applying GAAP to transactions affected by reference rate reform if certain criteria are met. These transactions include contract modifications, hedging relationships, and the sale or transfer of debt securities classified as held-to-maturity. This guidance is effective as of March 12, 2020 through December 31, 2022 and may be applied prospectively to contract modifications made and hedging relationships entered into or evaluated on or before December 31, 2022. The Company has identified agreements that reference LIBOR, including interest rate swap agreements, accounts receivable sale agreements, and debt agreements. The new guidance will be applied as these contracts are modified to reference other rates.
v3.22.0.1
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2021
Accounting Policies [Abstract]  
Property, Plant, and Equipment Depreciation and amortization are calculated using the straight-line method over the estimated useful lives of the assets as follows:
AssetUseful Life
Buildings and improvements
12-40 years
Machinery and equipment
3-15 years
Office furniture and equipment
3-12 years
 December 31,
 20212020
 (In millions)
Land$57.3 $57.4 
Buildings and improvements458.5 442.5 
Machinery and equipment1,388.7 1,355.0 
Construction in progress79.1 57.0 
Total1,983.6 1,911.9 
Less accumulated depreciation(964.5)(841.9)
Property, plant, and equipment, net$1,019.1 $1,070.0 
Estimated Useful Lives of Intangible Assets Identifiable intangible assets with finite lives are amortized over their estimated useful lives as follows:
AssetUseful Life
Customer-related
5 to 20 years
Trademarks
10 to 20 years
Non-competition agreementsBased on the terms of the agreements
Deferred financing costs associated with line-of-credit arrangementsBased on the terms of the agreements
Formulas/recipes
5 to 7 years
Computer software
3 to 10 years
The gross carrying amounts and accumulated amortization of intangible assets as of December 31, 2021 and 2020 are as follows:    
 December 31,
 20212020
Weighted Average Life Remaining (yrs.) Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount		Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount
 (In millions)
Intangible assets with finite lives:      
Customer-related 9.1$848.6 $(459.2)$389.4 $848.5 $(406.4)$442.1 
Contractual agreements — 0.5 (0.5)— 0.5 (0.5)— 
Trademarks 14.696.2 (38.1)58.1 96.2 (31.7)64.5 
Formulas/recipes3.925.3 (22.9)2.4 25.3 (22.1)3.2 
Computer software6.7207.4 (124.7)82.7 194.8 (112.0)82.8 
Total finite lived intangibles9.31,178.0 (645.4)532.6 1,165.3 (572.7)592.6 
Intangible assets with indefinite lives:
Trademarks22.4 — 22.4 22.4 — 22.4 
Total intangible assets$1,200.4 $(645.4)$555.0 $1,187.7 $(572.7)$615.0 
v3.22.0.1
Growth, Reinvestment, and Restructuring Programs (Tables)
 12 Months Ended
Dec. 31, 2021
Restructuring Cost and Reserve [Line Items]  
Schedule of Aggregate Expenses Incurred Associated with Facility Closure
Below is a summary of costs by line item for the Growth, Reinvestment, and Restructuring Programs:
Year Ended December 31,
202120202019
(In millions)
Cost of sales$— $0.9 $4.4 
General and administrative— 1.2 1.7 
Other operating expense, net87.1 71.1 99.3 
Total$87.1 $73.2 $105.4 

Below is a summary of costs by type associated with the Growth, Reinvestment, and Restructuring Programs:
Year Ended December 31,
 202120202019
(In millions)
Asset-related$— $0.2 $4.7 
Employee-related28.9 13.5 15.6 
Other costs58.2 59.5 85.1 
Total$87.1 $73.2 $105.4 
Schedule of Activity of Restructuring Program Liabilities The table below presents the exit cost liability related to severance activity for the Growth, Reinvestment, and Restructuring Programs as of December 31, 2021:
Severance
(In millions)
Balance as of December 31, 2020$4.9 
Expenses recognized7.2 
Cash payments(8.2)
Balance as of December 31, 2021$3.9 
Restructuring and Margin Improvement Activities Categories  
Restructuring Cost and Reserve [Line Items]  
Schedule of Aggregate Expenses Incurred Associated with Facility Closure The costs by activity for the Growth, Reinvestment, and Restructuring Programs are outlined below:
 Year Ended December 31,
202120202019
(In millions)
Strategic Growth Initiatives$57.8 $— $— 
Structure to Win— 32.7 15.9 
TreeHouse 2020— 40.5 89.5 
Other29.3 — — 
Total$87.1 $73.2 $105.4 
v3.22.0.1
Leases (Tables)
 12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Supplemental Balance Sheet Information Related to Leases Supplemental balance sheet information related to leases are as follows:
December 31,
Balance Sheet Classification20212020
(In millions)
Assets
OperatingOperating lease right-of-use assets$165.6 $160.7 
FinanceProperty, plant, and equipment, net3.1 3.9 
Total assets$168.7 $164.6 
Liabilities
Current liabilities
OperatingAccrued expenses$37.8 $33.8 
FinanceCurrent portion of long-term debt1.3 1.6 
Total current liabilities39.1 35.4 
Noncurrent liabilities
OperatingOperating lease liabilities144.0 144.5 
FinanceLong-term debt1.8 2.5 
Total noncurrent liabilities145.8 147.0 
Total lease liabilities$184.9 $182.4 
Weighted-average Discount Rates for Company's Operating and Finance Leases and Components of Lease Expense
The weighted-average discount rates for the Company's operating and finance leases are as follows:
December 31,
Weighted-average discount rate20212020
Operating leases4.5 %4.5 %
Finance leases2.9 %3.1 %

The weighted-average remaining lease term of the Company's operating and finance leases are as follows:
December 31,
Weighted-average remaining lease term20212020
Operating leases7.3 years7.4 years
Finance leases2.8 years3.2 years
The components of lease expense are as follows:
Year Ended December 31,
Statement of Operations Classification202120202019
(In millions)
Operating lease costCost of sales and General and administrative$40.0 $42.5 $46.6 
Finance lease cost:
Amortization of right-of-use assetsCost of sales and General and administrative1.8 1.6 1.8 
Interest on lease liabilitiesInterest expense0.1 0.1 0.1 
Total finance lease cost1.9 1.7 1.9 
Variable lease cost (1)Cost of sales and General and administrative17.0 17.4 9.3 
Net lease cost$58.9 $61.6 $57.8 

(1)    Includes short-term leases, which are immaterial.
Future Maturities of Finance Lease Liabilities As of December 31, 2021, future maturities of lease liabilities are as follows:
Operating Leases (1)Finance Leases
(In millions)
2022$43.7 $1.4 
202336.1 0.8 
202428.6 0.7 
202521.5 0.3 
202619.9 — 
Thereafter63.1 — 
Total lease payments212.9 3.2 
Less: Interest(31.1)(0.1)
Present value of lease liabilities$181.8 $3.1 
(1)     Operating lease payments include $13.3 million related to options to extend lease terms that are reasonably certain of being exercised.
Future Maturities of Operating Lease Liabilities As of December 31, 2021, future maturities of lease liabilities are as follows:
Operating Leases (1)Finance Leases
(In millions)
2022$43.7 $1.4 
202336.1 0.8 
202428.6 0.7 
202521.5 0.3 
202619.9 — 
Thereafter63.1 — 
Total lease payments212.9 3.2 
Less: Interest(31.1)(0.1)
Present value of lease liabilities$181.8 $3.1 
(1)     Operating lease payments include $13.3 million related to options to extend lease terms that are reasonably certain of being exercised.
Other Information Related to Leases Other information related to leases were as follows:
Year Ended December 31,
202120202019
(In millions)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$42.1 $40.6 $42.0 
Operating cash flows from finance leases— 0.1 0.1 
Financing cash flows from finance leases2.0 1.8 1.9 
v3.22.0.1
Receivable Sales Program (Tables)
 12 Months Ended
Dec. 31, 2021
Receivables [Abstract]  
Schedule of Receivable Sales Program
The following table includes the outstanding amount of accounts receivable sold under the Receivables Sales Program and the receivables collected from customers and not remitted to the financial institutions:
December 31,
20212020
(In millions)
Outstanding accounts receivable sold$357.3 $284.3 
Receivables collected and not remitted to financial institutions205.0 202.8 
The following table summarizes the cash flows of the Company's accounts receivables associated with the Receivables Sales
Program:
Year Ended December 31,
202120202019
 (In millions)
Receivables sold$1,846.9 $1,185.1 $1,114.1 
Receivables collected and remitted to financial institutions(1,773.9)(1,143.8)(1,048.0)
v3.22.0.1
Inventories (Tables)
 12 Months Ended
Dec. 31, 2021
Inventory Disclosure [Abstract]  
Inventories
 December 31,
 20212020
 (In millions)
Raw materials and supplies$260.9 $231.0 
Finished goods416.9 367.6 
Total inventories$677.8 $598.6 
v3.22.0.1
Acquisitions and Divestitures (Tables)
 12 Months Ended
Dec. 31, 2021
Business Combination and Asset Acquisition [Abstract]  
Schedule of Purchase Price Allocation to Net Tangible and Intangible Assets Acquired and Liabilities Assumed
The following table summarizes the final purchase price allocation of the fair value of net tangible and intangible assets acquired and liabilities assumed:
(In millions)
Original consideration$239.2 
Call option exercised5.1 
Total consideration transferred$244.3 
Allocation of consideration to assets acquired and liabilities assumed:
Inventories$20.0 
Property, plant, and equipment, net50.7 
Customer relationships68.0 
Trade names43.0 
Formulas/recipes2.3 
Goodwill60.4 
Operating lease right-of-use assets0.1 
Assets acquired244.5 
Assumed liabilities(0.2)
Total purchase price$244.3 
Schedule of Business Acquisition, Pro Forma Information The pro forma results may not necessarily reflect actual results of operations that would have been achieved, nor are they necessarily indicative of future results of operations.
Year Ended December 31,
20202019
(Unaudited, in millions)
Pro forma net sales from continuing operations$4,550.4 $4,454.1 
Pro forma net income (loss) from continuing operations83.4 (106.3)
Schedule of Disposal Groups, Including Discontinued Operations
Results of discontinued operations are as follows:
Year Ended December 31,
202120202019
(In millions)
Net sales$77.9 $220.8 $638.0 
Cost of sales68.3 193.4 619.5 
Selling, general, administrative and other operating expenses7.7 18.1 55.2 
Asset impairment0.3 51.2 141.0 
(Gain) loss on sale of business(18.4)— 98.4 
Operating income (loss) from discontinued operations20.0 (41.9)(276.1)
Interest and other expense0.7 3.4 7.7 
Income tax expense (benefit)4.7 (9.9)(33.1)
Net income (loss) from discontinued operations$14.6 $(35.4)$(250.7)

Assets and liabilities of discontinued operations presented in the Consolidated Balance Sheets as of December 31, 2020 include the following:
December 31, 2020
(In millions)
Inventories$33.3 
Property, plant, and equipment, net65.9 
Operating lease right-of-use assets5.1 
Goodwill53.5 
Intangible assets38.6 
Valuation allowance(125.7)
Total assets of discontinued operations$70.7 
Accrued expenses and other liabilities$1.1 
Operating lease liabilities5.6 
Total liabilities of discontinued operations$6.7 
v3.22.0.1
Property, Plant, and Equipment (Tables)
 12 Months Ended
Dec. 31, 2021
Property, Plant and Equipment [Abstract]  
Property, Plant, and Equipment Depreciation and amortization are calculated using the straight-line method over the estimated useful lives of the assets as follows:
AssetUseful Life
Buildings and improvements
12-40 years
Machinery and equipment
3-15 years
Office furniture and equipment
3-12 years
 December 31,
 20212020
 (In millions)
Land$57.3 $57.4 
Buildings and improvements458.5 442.5 
Machinery and equipment1,388.7 1,355.0 
Construction in progress79.1 57.0 
Total1,983.6 1,911.9 
Less accumulated depreciation(964.5)(841.9)
Property, plant, and equipment, net$1,019.1 $1,070.0 
v3.22.0.1
Goodwill and Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Carrying Amount of Goodwill
Changes in the carrying amount of goodwill for the years ended December 31, 2021 and 2020 are as follows:
Meal PreparationSnacking & BeveragesTotal
 (In millions)
Balance at January 1, 2020, before accumulated impairment losses$1,264.5 $887.3 $2,151.8 
Accumulated impairment losses(11.5)(33.0)(44.5)
Balance at January 1, 20201,253.0 854.3 2,107.3 
Acquisitions68.5 — 68.5 
Foreign currency exchange adjustments1.7 1.2 2.9 
Balance at December 31, 20201,323.2 855.5 2,178.7 
Acquisition (1)2.6 — 2.6 
Foreign currency exchange adjustments0.1 — 0.1 
Balance at December 31, 2021$1,325.9 $855.5 $2,181.4 

(1)    Acquisition-related adjustments to goodwill relate to the pasta acquisition from Riviana Foods and include $1.5 million allocated from the call option exercised, which includes a $0.2 million measurement period adjustment, and a $1.1 million measurement period adjustment from the original consideration transferred. Refer to Note 7 for additional information.
Schedule of Gross Carrying Amounts and Accumulated Amortization of Intangible Assets, with Finite Lives Identifiable intangible assets with finite lives are amortized over their estimated useful lives as follows:
AssetUseful Life
Customer-related
5 to 20 years
Trademarks
10 to 20 years
Non-competition agreementsBased on the terms of the agreements
Deferred financing costs associated with line-of-credit arrangementsBased on the terms of the agreements
Formulas/recipes
5 to 7 years
Computer software
3 to 10 years
The gross carrying amounts and accumulated amortization of intangible assets as of December 31, 2021 and 2020 are as follows:    
 December 31,
 20212020
Weighted Average Life Remaining (yrs.) Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount		Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount
 (In millions)
Intangible assets with finite lives:      
Customer-related 9.1$848.6 $(459.2)$389.4 $848.5 $(406.4)$442.1 
Contractual agreements — 0.5 (0.5)— 0.5 (0.5)— 
Trademarks 14.696.2 (38.1)58.1 96.2 (31.7)64.5 
Formulas/recipes3.925.3 (22.9)2.4 25.3 (22.1)3.2 
Computer software6.7207.4 (124.7)82.7 194.8 (112.0)82.8 
Total finite lived intangibles9.31,178.0 (645.4)532.6 1,165.3 (572.7)592.6 
Intangible assets with indefinite lives:
Trademarks22.4 — 22.4 22.4 — 22.4 
Total intangible assets$1,200.4 $(645.4)$555.0 $1,187.7 $(572.7)$615.0 
Schedule of Gross Carrying Amounts of Intangible Assets, with Indefinite Lives The gross carrying amounts and accumulated amortization of intangible assets as of December 31, 2021 and 2020 are as follows:    
 December 31,
 20212020
Weighted Average Life Remaining (yrs.) Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount		Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount
 (In millions)
Intangible assets with finite lives:      
Customer-related 9.1$848.6 $(459.2)$389.4 $848.5 $(406.4)$442.1 
Contractual agreements — 0.5 (0.5)— 0.5 (0.5)— 
Trademarks 14.696.2 (38.1)58.1 96.2 (31.7)64.5 
Formulas/recipes3.925.3 (22.9)2.4 25.3 (22.1)3.2 
Computer software6.7207.4 (124.7)82.7 194.8 (112.0)82.8 
Total finite lived intangibles9.31,178.0 (645.4)532.6 1,165.3 (572.7)592.6 
Intangible assets with indefinite lives:
Trademarks22.4 — 22.4 22.4 — 22.4 
Total intangible assets$1,200.4 $(645.4)$555.0 $1,187.7 $(572.7)$615.0 
Schedule of Estimated Amortization Expense on Intangible Assets Estimated amortization expense on intangible assets for the next five years is as follows:
 (In millions)
2022$70.1 
202367.2 
202466.6 
202565.7 
202660.1 
v3.22.0.1
Accrued Expenses (Tables)
 12 Months Ended
Dec. 31, 2021
Payables and Accruals [Abstract]  
Accounts Payable and Accrued Expenses Accrued expenses consist of:
December 31,
20212020
(In millions)
Payroll and benefits$55.2 $90.8 
Trade promotion liabilities41.1 39.6 
Operating lease liabilities37.8 33.8 
Interest8.8 20.4 
Taxes6.1 6.8 
Health insurance, workers' compensation, and other insurance costs21.9 20.2 
Derivative contracts52.3 98.1 
Other accrued liabilities51.4 30.9 
Total$274.6 $340.6 
v3.22.0.1
Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2021
Income Tax Disclosure [Abstract]  
Components of Income (Loss) Before Income Taxes The components of (Loss) income before income taxes are as follows:
 Year Ended December 31,
 202120202019
 (In millions)
Domestic$(46.0)$9.8 $(154.4)
Foreign14.5 7.3 (1.4)
(Loss) income before income taxes$(31.5)$17.1 $(155.8)
Components of Provision for Income Taxes The following table presents the components of the 2021, 2020, and 2019 provision for income taxes:
 Year Ended December 31,
 202120202019
 (In millions)
Current:   
Federal$(6.0)$(95.7)$13.2 
State(0.5)1.6 2.9 
Foreign(2.3)(1.4)1.7 
Total current(8.8)(95.5)17.8 
Deferred:
Federal(3.7)69.8 (48.4)
State3.1 (2.9)(11.8)
Foreign5.0 (3.5)(3.1)
Total deferred4.4 63.4 (63.3)
Total income tax benefit$(4.4)$(32.1)$(45.5)
Reconciliation of Income Tax Expense Computed at U.S. Federal Statutory Tax Rate to Income Tax Expense
The following is a reconciliation of income tax benefit computed at the U.S. federal statutory tax rate to the income tax benefit reported in the Consolidated Statements of Operations:
 Year Ended December 31,
 202120202019
 (In millions)
Tax at statutory rate$(6.6)$3.6 $(32.7)
State income taxes (1)2.1 (1.0)(7.1)
Tax benefit of cross-border intercompany financing structure— (1.4)(2.1)
Repatriation of intangibles— — (4.6)
CARES Act1.9 (30.3)— 
Disallowed officers' compensation1.5 2.6 1.6 
Excess tax benefits related to stock-based compensation0.4 1.7 (0.1)
Transition tax— — (1.9)
Other tax credits(0.8)(0.9)(0.9)
Valuation allowance— (6.2)3.4 
Uncertain tax positions(4.4)(2.5)(2.5)
Indemnification0.6 1.1 0.3 
Other, net0.9 1.2 1.1 
Total provision for income taxes$(4.4)$(32.1)$(45.5)
(1)    2021 State income taxes are inclusive of a valuation allowance of $2.4 million recorded against certain deferred tax assets.
Tax Effects of Temporary Differences Giving Rise to Deferred Income Tax Assets and Liabilities The tax effects of temporary differences giving rise to deferred income tax assets and liabilities were:
 December 31,
 20212020
 (In millions)
Deferred tax assets:  
Pension and postretirement benefits$7.7 $13.6 
Accrued liabilities16.0 23.5 
Stock compensation9.0 11.8 
Lease liabilities46.4 46.2 
Interest limitation carryover10.3 3.9 
Loss and credit carryovers198.1 213.6 
Unrealized foreign exchange loss11.8 21.3 
Other17.9 12.6 
Total deferred tax assets317.2 346.5 
Valuation allowance(162.5)(161.0)
Total deferred tax assets, net of valuation allowance154.7 185.5 
Deferred tax liabilities:
Fixed assets and intangible assets(264.7)(291.3)
Lease assets (45.3)(45.1)
Total deferred tax liabilities(310.0)(336.4)
Net deferred income tax liability$(155.3)$(150.9)
Summary of Operating Loss Carryforwards The following table details the Company's tax attributes primarily related to net operating losses, tax credits, and capital losses for which it has recorded deferred tax assets:
Tax AttributesGross Attribute AmountNet Attribute AmountExpiration Years
(In millions)
Foreign net operating losses$4.2 $1.1 2022 – 2033
State net operating losses232.1 11.0 2022 – 2041
Federal credits— 15.8 2027 – 2040
State credits— 16.9 2022 – 2035
Federal capital loss586.2 123.1 2024
State capital loss586.2 26.0 2024
Other4.2 2024 – 2037
Total$198.1 
Reconciliation of Beginning and Ending Amount of Unrecognized Tax Benefits A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:
 Year Ended December 31,
 202120202019
 (In millions)
Unrecognized tax benefits beginning balance$10.7 $12.3 $17.3 
Additions (reductions) based on tax positions of prior years0.5 2.4 (1.1)
Reductions resulting from dispositions— — (1.1)
Reductions due to statute lapses(4.1)(3.4)(2.8)
Reductions related to settlements with taxing authorities— (0.7)(0.1)
Foreign currency translation— 0.1 0.1 
Unrecognized tax benefits ending balance$7.1 $10.7 $12.3 
v3.22.0.1
Long-Term Debt (Tables)
 12 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
Long-Term Debt
 December 31,
 20212020
 (In millions)
Term Loan A$496.3 $453.4 
Term Loan A-1923.0 672.6 
2024 Notes— 602.9 
2028 Notes500.0 500.0 
Finance leases3.1 4.1 
Total outstanding debt1,922.4 2,233.0 
Deferred financing costs(16.1)(18.3)
Less current portion(15.6)(15.7)
Total long-term debt$1,890.7 $2,199.0 
Scheduled Maturities of Outstanding Debt, Excluding Deferred Financing Costs The scheduled maturities of outstanding debt, excluding deferred financing costs, at December 31, 2021 are as follows (in millions):
2022$15.6 
202315.1 
202415.0 
202514.6 
2026890.8 
Thereafter971.3 
Total outstanding debt$1,922.4 
v3.22.0.1
Stockholders' Equity (Tables)
 12 Months Ended
Dec. 31, 2021
Equity [Abstract]  
Schedule of Repurchases of Common Stock The following table summarizes the Company's repurchases of its common stock:
 Year Ended December 31,
 202120202019
 (In millions, except per share data)
Shares repurchased0.5 0.6 — 
Weighted average price per share$50.88 $38.64 $— 
Total cost$25.0 $25.0 $— 
v3.22.0.1
Earnings Per Share (Tables)
 12 Months Ended
Dec. 31, 2021
Earnings Per Share [Abstract]  
Summary of Effect of Share-Based Compensation Awards on Weighted Average Number of Shares Outstanding Used in Calculating Diluted Earnings Per Share
The following table summarizes the effect of the share-based compensation awards on the weighted average number of shares outstanding used in calculating diluted earnings (loss) per share:
 Year Ended December 31,
 202120202019
 (In millions)
Weighted average common shares outstanding55.9 56.5 56.2 
Assumed exercise/vesting of equity awards (1)— 0.2 — 
Weighted average diluted common shares outstanding55.9 56.7 56.2 

(1)Incremental shares from equity awards are computed by the treasury stock method. For the years ended December 31, 2021 and 2019, the weighted average common shares outstanding is the same for the computations of both basic and diluted shares outstanding because the Company had a net loss from continuing operations for the period. Equity awards, excluded from our computation of diluted earnings per share because they were anti-dilutive, were 1.6 million, 1.4 million, and 1.6 million for the years ended December 31, 2021, 2020, and 2019, respectively.
v3.22.0.1
Stock-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2021
Share-based Payment Arrangement [Abstract]  
Summary of Total Compensation Expense Total compensation expense related to stock-based payments and the related income tax benefit recognized in Net (loss) income from continuing operations are as follows:
Year Ended December 31,
202120202019
(In millions)
Compensation expense related to stock-based payments$15.6 $26.1 $22.6 
Related income tax benefit3.9 6.7 5.8 
Summary of Stock Option Activity The following table summarizes stock option activity during 2021:
Employee
Options		Weighted
Average
Exercise
Price		Weighted
Average
Remaining
Contractual
Term (yrs.)		Aggregate
Intrinsic
Value
 (In thousands)  (In millions)
Outstanding, at January 1, 20211,312 $77.62 3.1$— 
Expired(163)64.32 
Outstanding, at December 31, 20211,149 79.51 2.3— 
Vested/expected to vest, at December 31, 20211,149 79.51 2.3— 
Exercisable, at December 31, 20211,149 79.51 2.3— 
Highlight of Stock Options Activity
 Year Ended December 31,
 202120202019
 (In millions)
Intrinsic value of stock options exercised$— $0.7 $0.1 
Tax benefit recognized from stock option exercises— 0.2 — 
Summary of Restricted Stock Unit Activity The following table summarizes the restricted stock unit activity during the year ended December 31, 2021:
Employee
Restricted
Stock Units		Weighted
Average
Grant Date
Fair Value		Director
Restricted
Stock Units		Weighted
Average
Grant Date
Fair Value
 (In thousands) (In thousands) 
Outstanding, at January 1, 2021707 $47.92 125 $54.67 
Granted440 49.56 37 48.03 
Vested(333)46.96 (111)55.38 
Forfeited(154)50.71 (1)52.46 
Outstanding, at December 31, 2021660 48.88 50 48.15 
Vested and deferred, at December 31, 202116 48.35 
Highlights of Restricted Stock Unit Activity
 Year Ended December 31,
 202120202019
 (In millions)
Fair value of vested restricted stock units$22.6 $11.1 $19.5 
Tax benefit recognized from vested restricted stock units3.8 2.0 3.7 
Schedule of Assumptions Used in the Monte Carlo Simulation
The assumptions used in the Monte Carlo simulation were as follows:

Year Ended December 31,
2021
Dividend yield0 %
Risk-free rate0.30 %
Expected volatility35.65 %
Expected term (in years)2.75
Summary of Performance Unit Activity The following table summarizes the performance unit activity during the year ended December 31, 2021:
 Performance
Units		Weighted
Average
Grant Date
Fair Value
 (In thousands) 
Unvested, at January 1, 2021541 $52.38 
Granted166 52.80 
Vested(105)45.79 
Forfeited(122)55.10 
Unvested, at December 31, 2021480 54.21 
Highlight of Performance Unit Activity
 Year Ended December 31,
 202120202019
 (In millions)
Fair value of vested performance units$5.6 $3.3 $0.9 
Tax benefit recognized from performance units vested0.3 0.7 0.2 
v3.22.0.1
Accumulated Other Comprehensive Loss (Tables)
 12 Months Ended
Dec. 31, 2021
Equity [Abstract]  
Components of Accumulated Other Comprehensive Loss Net of Tax Except for Foreign Currency Translation Adjustment
Accumulated other comprehensive loss consists of the following components, all of which are net of tax:
 Foreign
Currency
Translation  (1)		Unrecognized
Pension and
Postretirement
Benefits  (2)		Accumulated
Other
Comprehensive
Loss
 (In millions)
Balance at January 1, 2019$(91.7)$(5.4)$(97.1)
Other comprehensive income before reclassifications12.3 0.3 12.6 
Reclassifications from accumulated other comprehensive loss (3)— 0.5 0.5 
Other comprehensive income12.3 0.8 13.1 
Balance at December 31, 2019(79.4)(4.6)(84.0)
Other comprehensive income before reclassifications12.1 7.4 19.5 
Reclassifications from accumulated other comprehensive loss (3)— 0.5 0.5 
Other comprehensive income12.1 7.9 20.0 
Balance at December 31, 2020(67.3)3.3 (64.0)
Other comprehensive (loss) income before reclassifications(3.6)13.5 9.9 
Reclassifications from accumulated other comprehensive loss (3)— 0.5 0.5 
Other comprehensive (loss) income(3.6)14.0 10.4 
Balance at December 31, 2021$(70.9)$17.3 $(53.6)
(1)The tax impact of the foreign currency translation adjustment was insignificant for the years ended December 31, 2021, 2020, and 2019.
(2)The unrecognized pension and postretirement benefits are presented net of tax of $4.5 million and $2.6 million for the years ended December 31, 2021 and 2020, respectively, and the tax impact was insignificant for the year ended December 31, 2019.
(3)Refer to Note 17 for additional information regarding these reclassifications.
v3.22.0.1
Employee Pension and Postretirement Benefit Plans (Tables)
 12 Months Ended
Dec. 31, 2021
Retirement Benefits [Abstract]  
Fair Value of Pension Plan Assets, by Asset Category
The fair value of the Company’s pension plan assets at December 31, 2021 and 2020 is as follows:
December 31,
Pricing Category20212020
(In millions)
Cash and cash equivalents (a)Level 1$1.5 $1.6 
Investments valued using NAV per share:
Equity funds (b)129.7 137.3 
Fixed income funds (c)173.4 170.2 
Alternative funds (d)18.7 16.8 
Total plan assets$323.3 $325.9 

(a)    Includes cash and cash equivalents such as short-term marketable securities. Cash and cash equivalents include money market funds traded in active markets.
(b)    This investment class includes domestic and international equity funds that includes both large and small/mid cap funds that track the S&P index as well as other equity indices. The Company elected the NAV practical expedient to value these funds.
(c)    This investment class includes U.S. Treasury index funds as well as bond funds representative of the United States bond and debt markets with varying benchmark indices. The Company elected the NAV practical expedient to value these funds.
(d)    This investment class primarily includes a hedge fund. The valuation is based on NAV as reported by the asset manager or investment company and adjusted for cash flows, if necessary. In making such an assessment, a variety of factors are reviewed by management, including but not limited to the timeliness of NAV as reported by the asset manager and changes in general economic and market conditions subsequent to the last NAV reported by the asset manager.
Summarized Information about Pension and Postretirement Benefit Plans
The following table summarizes information about our pension and postretirement benefit plans for the years ended December 31, 2021 and 2020:
 Pension BenefitsPostretirement
Benefits
 2021202020212020
 (in millions)
Change in projected benefit obligation:    
Projected benefit obligation, at beginning of year$355.1 $336.0 $26.1 $27.5 
Service cost1.0 1.8 — — 
Interest cost8.8 10.5 0.7 0.8 
Curtailment (1)(0.7)— (0.4)— 
Actuarial (gains) losses (2) (14.2)24.9 (1.6)(0.7)
Benefits paid(19.1)(18.1)(1.5)(1.5)
Projected benefit obligation, at end of year$330.9 $355.1 $23.3 $26.1 
Change in plan assets:
Fair value of plan assets, at beginning of year$325.9 $294.0 $— $— 
Actual gain on plan assets15.8 48.5 — — 
Company contributions0.7 1.5 1.5 1.5 
Benefits paid(19.1)(18.1)(1.5)(1.5)
Fair value of plan assets, at end of year$323.3 $325.9 $— $— 
Funded status of the plan$(7.6)$(29.2)$(23.3)$(26.1)
Amounts recognized in the Consolidated Balance Sheets:
Noncurrent asset$2.6 $— $— $— 
Current liability(0.7)(0.7)(1.5)(1.5)
Noncurrent liability(9.5)(28.5)(21.8)(24.6)
Net amount recognized$(7.6)$(29.2)$(23.3)$(26.1)
Amounts recognized in Accumulated other
   comprehensive loss:
Net actuarial gain$(20.5)$(3.9)$(2.6)$(0.9)
Prior service cost0.2 0.4 — — 
Total, before tax effect$(20.3)$(3.5)$(2.6)$(0.9)
(1)Curtailment relates to the sale of the RTE Cereal business.
(2)The change in actuarial losses (gains) for all pension and postretirement benefits plans in 2021 and 2020 was primarily related to a change in the discount rate used to measure the benefit obligations of those plans.
Schedule of Accumulated and Projected Benefit Obligations
 Pension Benefits
 20212020
 (In millions)
Accumulated benefit obligation$330.5 $353.5 
Summary of Pension Benefit Plans whose Projected Benefit Obligations and Accumulated Benefit Obligations Exceed Fair Value of Plan Assets
The following table provides a summary of pension benefit plans whose projected benefit obligations and accumulated benefit obligations exceed the fair value of their respective plan assets:

 Pension Benefits
 20212020
 (In millions)
Aggregate projected benefit obligation$46.8 $355.1 
Aggregate accumulated benefit obligation46.7 353.5 
Aggregate fair value of plan assets36.6 325.9 
Accumulated Benefit Obligation and Weighted Average Assumptions Used
 Pension BenefitsPostretirement Benefits
 2021202020212020
 (In millions)
Weighted average assumptions used to determine the pension benefit obligations:
Discount rate (1)2.86 %2.50 %2.80 %2.50 %
Rate of compensation increases3.00 %3.00 %— — 
(1)For the year ended December 31, 2021, the Company recognized a curtailment gain related to the sale of the RTE Cereal business. The discount rate for the curtailment gain was 2.75%.
Key Actuarial Assumptions Used to Determine Postretirement Benefit Obligations The key actuarial assumptions used to determine the postretirement benefit obligations as of December 31, 2021 and 2020 are as follows:
 20212020
 Pre-65Post-65Pre-65Post-65
Health care cost trend rates:    
Health care cost trend rate for next year6.34 %6.91 %6.61 %7.26 %
Ultimate rate4.50 %4.50 %4.50 %4.50 %
Weighted average discount rate2.80 %2.80 %2.50 %2.50 %
Year ultimate rate achieved2030203020292029
Summary of Net Periodic Cost of Pension and Postretirement Benefit Plans
The following table summarizes the net periodic cost of our pension and postretirement benefit plans for the years ended December 31, 2021, 2020, and 2019:
 Pension BenefitsPostretirement Benefits
 202120202019202120202019
 (In millions)(In millions)
Components of net periodic costs:      
Service cost$1.0 $1.8 $1.5 $— $— $— 
Interest cost8.8 10.5 12.2 0.7 0.8 1.1 
Expected return on plan assets(13.8)(14.5)(15.2)— — — 
Amortization of unrecognized prior service cost0.2 0.2 0.2 — — — 
Amortization of unrecognized net loss0.5 0.6 0.5 — — — 
Curtailment (1)(0.7)— (0.5)(0.4)— — 
Net periodic (benefit) cost$(4.0)$(1.4)$(1.3)$0.3 $0.8 $1.1 
(1)For the year ended December 31, 2021, the Company recognized a curtailment gain related to the sale of the RTE Cereal business within Cost of sales in the Consolidated Statements of Operations. For the year ended December 31, 2019, a curtailment gain was recognized related to the closure of the Company's Battle Creek, Michigan facility within Cost of sales in the Consolidated Statements of Operations.
Weighted Average Assumptions Used
 Pension BenefitsPostretirement Benefits
 202120202019202120202019
Weighted average assumptions used to determine the periodic benefit costs:      
Discount rate (1)2.50 %3.25 %4.40 %2.50 %3.25 %4.40 %
Rate of compensation increases3.00 %
3.50%-4.00%
3.50%-4.00%
———
Expected return on plan assets4.40 %5.10 %5.91 %———
(1)For the year ended December 31, 2021, the Company recognized a curtailment gain related to the sale of the RTE Cereal business. The discount rate for the curtailment gain was 2.75%.
Estimated Future Pension and Postretirement Benefit Payments Estimated future pension and postretirement benefit payments from the plans are as follows:
 Pension
Benefit		Postretirement
Benefit
 (In millions)
2022$20.5 $1.5 
202321.0 1.5 
202421.9 1.5 
202520.4 1.5 
202620.1 1.5 
2027-203196.8 7.3 
Multiemployer Pension Plans
The following table lists information about the Company's individually significant multiemployer pension plans:
  Pension 
Protection
Act
Zone Status		 TreeHouse Foods Expiration
Date
 EIN / Pension Plan Year Ended
December 31,		FIP
Implemented		Contributions
(in millions)		Surcharge
Imposed		Of Collective
Bargaining
Plan NamePlan Number20202019(yes or no)202120202019(yes or no)Agreement(s)
Bakery and Confectionery         
Union and Industry 7/22/2023
International Pension Fund52-6118572 / 001RedRedYes$2.0 $1.6 $1.5 Yes12/4/2023
Central States Southeast and 
Southwest Areas Pension 
Fund36-6044243 / 001RedRedYes1.1 1.1 1.0 Yes12/31/2022
Retail, Wholesale and 
Department Store 
International Union and 
Industry Pension Fund63-0708442 / 001YellowYellowYes— — 0.3 Yes(1)
Rockford Area Dairy 
Industry Local 754, Intl. 
Brotherhood of Teamsters 
Retirement Pension Plan (2)36-6067654 / 001GreenGreenNo0.6 0.6 0.5 No4/30/2026

(1)During 2019, the Company executed a complete withdrawal from the Retail, Wholesale, and Department Store International Union and Industry Pension Fund and settled a withdrawal liability of $4.3 million.
(2)A subsidiary of the Company was listed in the plan’s Form 5500 as providing more than 5.0% of the total contributions for the plan's year ended December 31, 2020 and 2019.
v3.22.0.1
Other Operating Expense, Net (Tables)
 12 Months Ended
Dec. 31, 2021
Other Income and Expenses [Abstract]  
Other Operating Expense, Net
The Company incurred other operating expense for the years ended December 31, 2021, 2020, and 2019, which consisted of the following:
 Year Ended December 31,
 202120202019
 (In millions)
Growth, reinvestment, and restructuring programs (1)$87.1 $71.1 $99.3 
Loss on divestitures (2)— 0.3 — 
Other3.4 (0.3)0.3 
Total other operating expense, net$90.5 $71.1 $99.6 
(1)Refer to Note 3 for additional information.
(2)Refer to Note 7 for additional information.
v3.22.0.1
Derivative Instruments (Tables)
 12 Months Ended
Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative, Fair Value, and Location on Condensed Consolidated Balance Sheet The following table identifies the fair value of each derivative instrument:
 December 31,
 20212020
 (In millions)
Asset derivatives  
Commodity contracts$3.9 $12.6 
 $3.9 $12.6 
Liability derivatives
Commodity contracts$0.9 $0.7 
Foreign currency contracts0.2 — 
Interest rate swap agreements51.2 97.4 
 $52.3 $98.1 
Gains and Losses on Derivative Contracts We recognized the following gains and losses on our derivative contracts in the Consolidated Statements of Operations:
 Location of Gain (Loss)Year Ended
December 31,
 Recognized in Net (Loss) Income202120202019
  (In millions)
Mark-to-market unrealized gain (loss):   
Commodity contractsOther (income) expense, net$(8.9)$11.7 $1.5 
Foreign currency contractsOther (income) expense, net(0.2)0.1 (1.6)
Interest rate swap agreementsOther (income) expense, net46.2 (41.7)(46.9)
Total unrealized gain (loss) $37.1 $(29.9)$(47.0)
Realized gain (loss): 
Commodity contractsManufacturing related to Cost of sales and transportation related to Selling and distribution$31.6 $(9.8)$1.5 
Foreign currency contractsCost of sales(0.3)0.4 0.5 
Interest rate swap agreementsInterest expense(24.9)(18.4)6.5 
Total return swap contractGeneral and administrative1.0 — — 
Total realized gain (loss) $7.4 $(27.8)$8.5 
Total gain (loss) $44.5 $(57.7)$(38.5)
v3.22.0.1
Segment and Geographic Information and Major Customers (Tables)
 12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
Financial Information Relating to Reportable Segments Financial information relating to the Company’s reportable segments on a continuing operations basis is as follows:
 Year Ended December 31,
 202120202019
 (In millions)
Net sales to external customers:   
Meal Preparation$2,737.7 $2,701.4 $2,680.7 
Snacking & Beverages1,589.9 1,649.4 1,608.2 
Unallocated— (1.1)— 
Total$4,327.6 $4,349.7 $4,288.9 
Direct operating income:
Meal Preparation$260.8 $370.6 $381.3 
Snacking & Beverages159.5 234.6 192.8 
Total420.3 605.2 574.1 
Unallocated selling, general, and administrative expenses(237.6)(277.2)(270.9)
Unallocated cost of sales (1)11.0 (36.0)(16.5)
Unallocated corporate expense and other (1)(172.4)(142.9)(302.8)
Operating income (loss)21.3 149.1 (16.1)
Other expense(52.8)(132.0)(139.7)
(Loss) income before income taxes$(31.5)$17.1 $(155.8)
Depreciation:
Meal Preparation$65.9 $57.8 $60.2 
Snacking & Beverages67.7 64.6 68.6 
Corporate office (2)7.6 10.1 7.7 
Total$141.2 $132.5 $136.5 
(1)Includes charges related to growth, reinvestment, and restructuring programs and other costs managed at corporate. Other costs include incremental expenses directly attributable to our response to the COVID-19 pandemic, which included supplemental pay to our front-line personnel, additional protective equipment for employees, and additional sanitation measures. Asset impairments are included in Unallocated corporate expense and other.
(2)Includes accelerated depreciation related to growth, reinvestment, and restructuring programs.
The geographic location of long-lived assets is as follows:
 December 31,
 20212020
 (In millions)
Long-lived assets:  
United States$884.8 $927.4 
Canada118.6 125.2 
Other15.7 17.4 
Total$1,019.1 $1,070.0 
Schedule of Segment Revenue Disaggregated by Product Category
Segment revenue disaggregated by product category groups are as follows:
 Year Ended December 31,
 202120202019
 (In millions)
Center store grocery$1,742.0 $1,700.8 $1,763.1 
Main course995.7 1,000.6 917.6 
Total Meal Preparation2,737.7 2,701.4 2,680.7 
Sweet & savory snacks1,158.1 1,177.2 1,220.1 
Beverages & drink mixes431.8 472.2 388.1 
Total Snacking & Beverages1,589.9 1,649.4 1,608.2 
Unallocated net sales— (1.1)— 
Total net sales$4,327.6 $4,349.7 $4,288.9 

Segment revenue disaggregated by sales channel is as follows:
 Year Ended December 31,
 202120202019
 (In millions)
Retail grocery$2,062.1 $2,141.7 $2,018.8 
Food-away-from-home282.4 234.1 334.8 
Industrial, co-manufacturing, and other393.2 325.6 327.1 
Total Meal Preparation2,737.7 2,701.4 2,680.7 
Retail grocery1,366.6 1,440.0 1,400.4 
Food-away-from-home12.4 11.5 22.4 
Industrial, co-manufacturing, and other210.9 197.9 185.4 
Total Snacking & Beverages1,589.9 1,649.4 1,608.2 
Unallocated net sales— (1.1)— 
Total net sales$4,327.6 $4,349.7 $4,288.9 
v3.22.0.1
Summary of Significant Accounting Policies - Additional Information (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Summary Of Significant Accounting Policies [Line Items]      
Owned direct and indirect subsidiaries, percentage 100.00%    
Cash and cash equivalents $ 308.6 $ 364.6  
Research and development charges 19.3 16.6 $ 18.8
Advertising costs 10.6 5.9 3.6
Shipping and Handling      
Summary Of Significant Accounting Policies [Line Items]      
Shipping and handling costs 173.5 153.6 $ 148.3
Foreign Jurisdictions      
Summary Of Significant Accounting Policies [Line Items]      
Cash and cash equivalents $ 39.3 $ 92.3  
v3.22.0.1
Summary of Significant Accounting Policies - Estimated Useful Lives of Assets (Details)
 12 Months Ended
Dec. 31, 2021
Buildings and improvements | Minimum  
Property, Plant and Equipment [Line Items]  
Useful life 12 years
Buildings and improvements | Maximum  
Property, Plant and Equipment [Line Items]  
Useful life 40 years
Machinery and equipment | Minimum  
Property, Plant and Equipment [Line Items]  
Useful life 3 years
Machinery and equipment | Maximum  
Property, Plant and Equipment [Line Items]  
Useful life 15 years
Office furniture and equipment | Minimum  
Property, Plant and Equipment [Line Items]  
Useful life 3 years
Office furniture and equipment | Maximum  
Property, Plant and Equipment [Line Items]  
Useful life 12 years
v3.22.0.1
Summary of Significant Accounting Policies - Estimated Useful Lives of Intangible Assets (Details)
 12 Months Ended
Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]  
Useful life 9 years 3 months 18 days
Customer-related | Minimum  
Finite-Lived Intangible Assets [Line Items]  
Useful life 5 years
Customer-related | Maximum  
Finite-Lived Intangible Assets [Line Items]  
Useful life 20 years
Trademarks  
Finite-Lived Intangible Assets [Line Items]  
Useful life 14 years 7 months 6 days
Trademarks | Minimum  
Finite-Lived Intangible Assets [Line Items]  
Useful life 10 years
Trademarks | Maximum  
Finite-Lived Intangible Assets [Line Items]  
Useful life 20 years
Formulas/recipes  
Finite-Lived Intangible Assets [Line Items]  
Useful life 3 years 10 months 24 days
Formulas/recipes | Minimum  
Finite-Lived Intangible Assets [Line Items]  
Useful life 5 years
Formulas/recipes | Maximum  
Finite-Lived Intangible Assets [Line Items]  
Useful life 7 years
Computer software  
Finite-Lived Intangible Assets [Line Items]  
Useful life 6 years 8 months 12 days
Computer software | Minimum  
Finite-Lived Intangible Assets [Line Items]  
Useful life 3 years
Computer software | Maximum  
Finite-Lived Intangible Assets [Line Items]  
Useful life 10 years
v3.22.0.1
Growth, Reinvestment, and Restructuring Programs - Additional Information (Details)
 3 Months Ended 12 Months Ended
Mar. 31, 2019
USD ($)
Dec. 31, 2021
USD ($)
facility
Dec. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
Restructuring Cost and Reserve [Line Items]        
Restructuring charges   $ 87,100,000 $ 73,200,000 $ 105,400,000
Strategic Growth Initiatives        
Restructuring Cost and Reserve [Line Items]        
Expected restructuring costs   130,000,000    
Structure to Win        
Restructuring Cost and Reserve [Line Items]        
Restructuring costs incurred     92,700,000  
TreeHouse 2020        
Restructuring Cost and Reserve [Line Items]        
Restructuring costs incurred     $ 299,800,000  
TreeHouse 2020 | Visalia California Facility Closure        
Restructuring Cost and Reserve [Line Items]        
Restructuring charges $ 22,100,000      
TreeHouse 2020 | Dothan Alabama Battle Creek Michigan and Minneapolis Minnesota        
Restructuring Cost and Reserve [Line Items]        
Restructuring charges   $ 17,900,000    
Number of facilities | facility   2    
Other        
Restructuring Cost and Reserve [Line Items]        
Expected restructuring costs   $ 15,200,000    
Restructuring costs incurred   8,100,000    
Retention liabilities   $ 1,600,000    
v3.22.0.1
Growth, Reinvestment, and Restructuring Programs - Aggregate Expenses Incurred Associated with Facility Closure (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Restructuring Cost and Reserve [Line Items]      
Restructuring charges $ 87.1 $ 73.2 $ 105.4
Cost of sales      
Restructuring Cost and Reserve [Line Items]      
Restructuring charges 0.0 0.9 4.4
General and administrative      
Restructuring Cost and Reserve [Line Items]      
Restructuring charges 0.0 1.2 1.7
Other operating expense, net      
Restructuring Cost and Reserve [Line Items]      
Restructuring charges 87.1 71.1 99.3
Restructuring and Margin Improvement Activities Categories      
Restructuring Cost and Reserve [Line Items]      
Restructuring charges 87.1 73.2 105.4
Asset-related      
Restructuring Cost and Reserve [Line Items]      
Restructuring charges 0.0 0.2 4.7
Employee-related      
Restructuring Cost and Reserve [Line Items]      
Restructuring charges 28.9 13.5 15.6
Other costs      
Restructuring Cost and Reserve [Line Items]      
Restructuring charges 58.2 59.5 85.1
Strategic Growth Initiatives | Restructuring and Margin Improvement Activities Categories      
Restructuring Cost and Reserve [Line Items]      
Restructuring charges 57.8 0.0 0.0
Structure to Win | Restructuring and Margin Improvement Activities Categories      
Restructuring Cost and Reserve [Line Items]      
Restructuring charges 0.0 32.7 15.9
TreeHouse 2020 | Restructuring and Margin Improvement Activities Categories      
Restructuring Cost and Reserve [Line Items]      
Restructuring charges 0.0 40.5 89.5
Other | Restructuring and Margin Improvement Activities Categories      
Restructuring Cost and Reserve [Line Items]      
Restructuring charges $ 29.3 $ 0.0 $ 0.0
v3.22.0.1
Growth, Reinvestment, and Restructuring Programs - Reconciliation of Liabilities (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Restructuring Reserve [Roll Forward]      
Expenses recognized $ 87.1 $ 73.2 $ 105.4
Other Restructuring and Plant Closing Costs | Severance      
Restructuring Reserve [Roll Forward]      
Beginning Balance 4.9    
Cash payments (8.2)    
Ending Balance 3.9 $ 4.9  
Other Restructuring and Plant Closing Costs | Severance | Operating Expense      
Restructuring Reserve [Roll Forward]      
Expenses recognized $ 7.2    
v3.22.0.1
Leases - Additional Information (Details)
 12 Months Ended
Dec. 31, 2021
Lessee, Lease, Description [Line Items]  
Lessee, operating and financing leases, renewal term (in years) 27 years
Lessee, operating and financing leases, termination term (in years) 1 year
Minimum  
Lessee, Lease, Description [Line Items]  
Lessee, operating and financing leases, remaining term of contract (in years) 1 year
Maximum  
Lessee, Lease, Description [Line Items]  
Lessee, operating and financing leases, remaining term of contract (in years) 12 years
v3.22.0.1
Leases - Supplemental Balance Sheet Information Related to Leases (Details) - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Assets    
Operating $ 165.6 $ 160.7
Finance 3.1 3.9
Total assets 168.7 164.6
Current liabilities    
Operating 37.8 33.8
Finance 1.3 1.6
Total current liabilities 39.1 35.4
Noncurrent liabilities    
Operating 144.0 144.5
Finance 1.8 2.5
Total noncurrent liabilities 145.8 147.0
Total lease liabilities $ 184.9 $ 182.4
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List] Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, after Accumulated Depreciation and Amortization Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, after Accumulated Depreciation and Amortization
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List] Accrued expenses Accrued expenses
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List] Current portion of long-term debt Current portion of long-term debt
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List] Total long-term debt Total long-term debt
v3.22.0.1
Leases - Weighted-average Discount Rates for Operating and Finance Leases (Details)
Dec. 31, 2021
Dec. 31, 2020
Leases [Abstract]    
Weighted-average discount rate, Operating leases 4.50% 4.50%
Weighted-average discount rate, Finance leases 2.90% 3.10%
v3.22.0.1
Leases - Weighted-average Remaining Lease Term of Operating and Finance Leases (Details)
Dec. 31, 2021
Dec. 31, 2020
Leases [Abstract]    
Weighted-average remaining lease term, Operating leases 7 years 3 months 18 days 7 years 4 months 24 days
Weighted-average remaining lease term, Finance leases 2 years 9 months 18 days 3 years 2 months 12 days
v3.22.0.1
Leases - Components of Lease Expense (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Leases [Abstract]      
Operating lease cost $ 40.0 $ 42.5 $ 46.6
Finance lease cost:      
Amortization of right-of-use assets 1.8 1.6 1.8
Interest on lease liabilities 0.1 0.1 0.1
Total finance lease cost 1.9 1.7 1.9
Variable lease cost 17.0 17.4 9.3
Net lease cost $ 58.9 $ 61.6 $ 57.8
v3.22.0.1
Leases - Operating and Finance Lease Liability (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Operating Leases    
2022 $ 43.7  
2023 36.1  
2024 28.6  
2025 21.5  
2026 19.9  
Thereafter 63.1  
Total lease payments 212.9  
Less: Interest (31.1)  
Present value of lease liabilities 181.8  
Finance Leases    
2022 1.4  
2023 0.8  
2024 0.7  
2025 0.3  
2026 0.0  
Thereafter 0.0  
Total lease payments 3.2  
Less: Interest (0.1)  
Finance leases 3.1 $ 4.1
Lessee, operating lease, option to extend, amount $ 13.3  
v3.22.0.1
Leases - Other Information Relating to Leases (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:      
Operating cash flows from operating leases $ 42.1 $ 40.6 $ 42.0
Operating cash flows from finance leases 0.0 0.1 0.1
Financing cash flows from finance leases $ 2.0 $ 1.8 $ 1.9
v3.22.0.1
Receivables Sales Program - Additional Information (Detail) - USD ($)
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Receivables Sales Agreement [Line Items]      
Termination period 60 days    
Retained interest $ 0    
Loss on sale of receivables 2,400,000 $ 2,400,000 $ 4,300,000
Maximum      
Receivables Sales Agreement [Line Items]      
Proceeds from receivables sales, maximum $ 500,000,000    
v3.22.0.1
Receivables Sales Program - Accounts Receivable Sold the Receivable Sales Program (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Receivables [Abstract]      
Outstanding accounts receivable sold $ 357.3 $ 284.3  
Receivables collected and not remitted to financial institutions 205.0 202.8  
Receivables sold 1,846.9 1,185.1 $ 1,114.1
Receivables collected and remitted to financial institutions $ (1,773.9) $ (1,143.8) $ (1,048.0)
v3.22.0.1
Inventories (Details) - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Inventory Disclosure [Abstract]    
Raw materials and supplies $ 260.9 $ 231.0
Finished goods 416.9 367.6
Total inventories $ 677.8 $ 598.6
v3.22.0.1
Acquisitions and Divestitures - Additional Information (Details)
$ in Millions
 1 Months Ended 3 Months Ended 7 Months Ended 12 Months Ended
Jun. 01, 2021
USD ($)
Dec. 11, 2020
USD ($)
Sep. 01, 2020
USD ($)
Jan. 10, 2020
facility
Aug. 01, 2019
USD ($)
plant
Dec. 31, 2020
USD ($)
Sep. 30, 2021
USD ($)
Jun. 30, 2021
USD ($)
Jun. 30, 2019
USD ($)
Jun. 30, 2021
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
Apr. 17, 2020
USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                            
Useful life                     9 years 3 months 18 days      
Goodwill           $ 2,178.7         $ 2,181.4 $ 2,178.7 $ 2,107.3  
Proceeds from divestitures                     0.0 26.9 0.0  
Estimated capital loss         $ 586.2                  
Deferred tax asset on capital loss         149.1               149.1  
Discontinued Operations, Disposed of by Sale                            
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                            
Gain on sale of business                     18.4 0.0 (98.4)  
Discontinued Operations, Disposed of by Sale | RTE Cereal                            
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                            
Cash consideration $ 85.0                          
Proceeds from divestitures 88.0                          
Gain on sale of business $ 18.4                          
TSA, maximum term 12 months                          
TSA, renewal term 6 months                          
Long-lived assets Impairment losses                     0.3 51.2 74.5  
Discontinued Operations, Disposed of by Sale | Snacks                            
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                            
Cash consideration         90.0                  
Loss on sale of business         $ 98.4                  
Number of operating plants | plant         3                  
Discontinued Operations, Disposed of by Sale | In-Store Bakery Facilities                            
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                            
Cash consideration                           $ 26.9
Discontinued Operations | Snacks                            
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                            
Long-lived assets Impairment losses                 $ 66.5          
Intangible asset impairment losses                 3.3          
Discontinued Operations | Snacks | Property, Plant and Equipment                            
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                            
Long-lived assets Impairment losses                 $ 63.2          
Held-for-sale | In-Store Bakery Facilities                            
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                            
Long-lived assets Impairment losses                         41.1  
Number of facilities to be disposed of | facility       2                    
Meal Preparation Segment                            
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                            
Goodwill           1,323.2         $ 1,325.9 1,323.2 $ 1,253.0  
Snacking & Beverages | Discontinued Operations, Disposed of by Sale | In-Store Bakery Facilities                            
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                            
Loss on disposal                       0.3    
Formulas/recipes                            
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                            
Useful life                     3 years 10 months 24 days      
Riviana Foods                            
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                            
Consideration transferred   $ 239.2               $ 244.3        
Call option exercised               $ 5.1            
Call option exercised goodwill             $ 0.2 1.5            
Property, plant and equipment adjustments               3.6            
Net sales           11.6                
Loss before income taxes           $ 0.9                
Acquisition related costs                       6.3    
Increase in cost of inventories                     $ 3.1      
Goodwill   60.4                        
Increase in goodwill             $ 0.2 $ 1.1            
Riviana Foods | Cost of sales                            
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                            
Increase in cost of inventories                     $ 1.0 $ 2.1    
Riviana Foods | Customer-related                            
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                            
Intangible asset   $ 68.0                        
Useful life   20 years                        
Riviana Foods | Trade names                            
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                            
Intangible asset   $ 43.0                        
Useful life   20 years                        
Riviana Foods | Formulas/recipes                            
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                            
Intangible asset   $ 2.3                        
Useful life   5 years                        
Refrigerated Dough Acquisition                            
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                            
Purchase price     $ 17.5                      
Refrigerated Dough Acquisition | Meal Preparation Segment                            
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                            
Goodwill     $ 10.7                      
v3.22.0.1
Acquisitions and Divestitures - Purchase Price Allocation to Net Tangible and Intangible Assets Acquired and Liabilities Assumed (Details) - USD ($)
$ in Millions
 3 Months Ended 7 Months Ended
Dec. 11, 2020
Jun. 30, 2021
Jun. 30, 2021
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Business Acquisition [Line Items]            
Goodwill       $ 2,181.4 $ 2,178.7 $ 2,107.3
Riviana Foods            
Business Acquisition [Line Items]            
Consideration transferred $ 239.2   $ 244.3      
Call option exercised   $ 5.1        
Inventories 20.0          
Property, plant, and equipment, net 50.7          
Goodwill 60.4          
Operating lease right-of-use assets 0.1          
Assets acquired 244.5          
Assumed liabilities (0.2)          
Total purchase price 244.3          
Riviana Foods | Customer-related            
Business Acquisition [Line Items]            
Intangible asset 68.0          
Riviana Foods | Trade names            
Business Acquisition [Line Items]            
Intangible asset 43.0          
Riviana Foods | Formulas/recipes            
Business Acquisition [Line Items]            
Intangible asset $ 2.3          
v3.22.0.1
Acquisitions and Divestitures - Pro Forma Information (Detail) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Business Combination and Asset Acquisition [Abstract]    
Pro forma net sales from continuing operations $ 4,550.4 $ 4,454.1
Pro forma net income (loss) from continuing operations $ 83.4 $ (106.3)
v3.22.0.1
Acquisitions and Divestitures - Results of Discontinued Operations on Income Statement (Details) - Discontinued Operations, Disposed of by Sale - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]      
Net sales $ 77.9 $ 220.8 $ 638.0
Cost of sales 68.3 193.4 619.5
Selling, general, administrative and other operating expenses 7.7 18.1 55.2
Asset impairment 0.3 51.2 141.0
(Gain) loss on sale of business (18.4) 0.0 98.4
Operating income (loss) from discontinued operations 20.0 (41.9) (276.1)
Interest and other expense 0.7 3.4 7.7
Income tax expense (benefit) 4.7 (9.9) (33.1)
Net income (loss) from discontinued operations $ 14.6 $ (35.4) $ (250.7)
v3.22.0.1
Acquisitions and Divestitures - Results of Discontinued Operations on Balance Sheet (Details) - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]    
Total assets of discontinued operations $ 0.0 $ 70.7
Total liabilities of discontinued operations $ 0.0 6.7
Discontinued Operations, Disposed of by Sale    
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]    
Inventories   33.3
Property, plant, and equipment, net   65.9
Operating lease right-of-use assets   5.1
Goodwill   53.5
Intangible assets   38.6
Valuation allowance   (125.7)
Total assets of discontinued operations   70.7
Accrued expenses and other liabilities   1.1
Operating lease liabilities   5.6
Total liabilities of discontinued operations   $ 6.7
v3.22.0.1
Property, Plant, and Equipment - (Details) - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross $ 1,983.6 $ 1,911.9
Less accumulated depreciation (964.5) (841.9)
Property, plant, and equipment, net 1,019.1 1,070.0
Land    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross 57.3 57.4
Buildings and improvements    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross 458.5 442.5
Machinery and equipment    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross 1,388.7 1,355.0
Construction in progress    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross $ 79.1 $ 57.0
v3.22.0.1
Property, Plant, and Equipment - Additional Information (Details) - USD ($)
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Property, Plant and Equipment [Line Items]      
Depreciation expense $ 141,200,000 $ 132,500,000 $ 136,500,000
Finite lived intangible asset impairment 0   45,200,000
Cookies and Dry Dinner Asset Group      
Property, Plant and Equipment [Line Items]      
Property, plant, and equipment impairment losses     42,800,000
Finite lived intangible asset impairment     $ 45,200,000
Bars Asset Group      
Property, Plant and Equipment [Line Items]      
Property, plant, and equipment impairment losses $ 9,200,000    
v3.22.0.1
Goodwill and Intangible Assets - Changes in Carrying Amount of Goodwill (Details) - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Sep. 30, 2021
Jun. 30, 2021
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Goodwill [Roll Forward]          
Balance at January 1, 2020, before accumulated impairment losses         $ 2,151.8
Accumulated impairment losses         (44.5)
Beginning Balance     $ 2,178.7 $ 2,107.3  
Acquisitions     2.6 68.5  
Foreign currency exchange adjustments     0.1 2.9  
Ending Balance     2,181.4 2,178.7  
Riviana Foods          
Goodwill [Roll Forward]          
Call option exercised goodwill $ 0.2 $ 1.5      
Increase in goodwill $ 0.2 1.1      
Goodwill, purchase accounting adjustments, original consideration transferred   $ 1.1      
Meal Preparation          
Goodwill [Roll Forward]          
Balance at January 1, 2020, before accumulated impairment losses         1,264.5
Accumulated impairment losses         (11.5)
Beginning Balance     1,323.2 1,253.0  
Acquisitions     2.6 68.5  
Foreign currency exchange adjustments     0.1 1.7  
Ending Balance     1,325.9 1,323.2  
Snacking & Beverages          
Goodwill [Roll Forward]          
Balance at January 1, 2020, before accumulated impairment losses         887.3
Accumulated impairment losses         $ (33.0)
Beginning Balance     855.5 854.3  
Acquisitions     0.0 0.0  
Foreign currency exchange adjustments     0.0 1.2  
Ending Balance     $ 855.5 $ 855.5  
v3.22.0.1
Goodwill and Intangible Assets - Additional Information (Details) - USD ($)
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]      
Impairment losses $ 0 $ 0  
Goodwill deductible for tax purposes 439,600,000    
Impairment of intangible assets, indefinite-lived 0 $ 0  
Finite lived intangible asset impairment $ 0   $ 45,200,000
v3.22.0.1
Goodwill and Intangible Assets - Gross Carrying Amounts and Accumulated Amortization of Intangible Assets, with Finite Lives (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Finite-Lived Intangible Assets [Line Items]    
Weighted Average Life Remaining (yrs.) 9 years 3 months 18 days  
Gross Carrying Amount $ 1,178.0 $ 1,165.3
Accumulated Amortization (645.4) (572.7)
Net Carrying Amount 532.6 592.6
Gross Carrying Amount 1,200.4 1,187.7
Accumulated Amortization (645.4) (572.7)
Net Carrying Amount 555.0 615.0
Trademarks    
Finite-Lived Intangible Assets [Line Items]    
Intangible assets with indefinite lives: $ 22.4 22.4
Customer-related     
Finite-Lived Intangible Assets [Line Items]    
Weighted Average Life Remaining (yrs.) 9 years 1 month 6 days  
Gross Carrying Amount $ 848.6 848.5
Accumulated Amortization (459.2) (406.4)
Net Carrying Amount 389.4 442.1
Accumulated Amortization $ (459.2) (406.4)
Contractual agreements     
Finite-Lived Intangible Assets [Line Items]    
Weighted Average Life Remaining (yrs.) 0 years  
Gross Carrying Amount $ 0.5 0.5
Accumulated Amortization (0.5) (0.5)
Net Carrying Amount 0.0 0.0
Accumulated Amortization $ (0.5) (0.5)
Trademarks    
Finite-Lived Intangible Assets [Line Items]    
Weighted Average Life Remaining (yrs.) 14 years 7 months 6 days  
Gross Carrying Amount $ 96.2 96.2
Accumulated Amortization (38.1) (31.7)
Net Carrying Amount 58.1 64.5
Accumulated Amortization $ (38.1) (31.7)
Formulas/recipes    
Finite-Lived Intangible Assets [Line Items]    
Weighted Average Life Remaining (yrs.) 3 years 10 months 24 days  
Gross Carrying Amount $ 25.3 25.3
Accumulated Amortization (22.9) (22.1)
Net Carrying Amount 2.4 3.2
Accumulated Amortization $ (22.9) (22.1)
Computer software    
Finite-Lived Intangible Assets [Line Items]    
Weighted Average Life Remaining (yrs.) 6 years 8 months 12 days  
Gross Carrying Amount $ 207.4 194.8
Accumulated Amortization (124.7) (112.0)
Net Carrying Amount 82.7 82.8
Accumulated Amortization $ (124.7) $ (112.0)
v3.22.0.1
Goodwill and Intangible Assets - Estimated Amortization Expense on Intangible Assets (Details)
$ in Millions
Dec. 31, 2021
USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]  
2022 $ 70.1
2023 67.2
2024 66.6
2025 65.7
2026 $ 60.1
v3.22.0.1
Accrued Expenses (Details) - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Payables and Accruals [Abstract]    
Payroll and benefits $ 55.2 $ 90.8
Trade promotion liabilities 41.1 39.6
Operating lease liabilities 37.8 33.8
Interest 8.8 20.4
Taxes 6.1 6.8
Health insurance, workers' compensation, and other insurance costs 21.9 20.2
Derivative contracts 52.3 98.1
Other accrued liabilities 51.4 30.9
Total $ 274.6 $ 340.6
v3.22.0.1
Income Taxes - Components of Loss Before Income Taxes (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Income Tax Disclosure [Abstract]      
Domestic $ (46.0) $ 9.8 $ (154.4)
Foreign 14.5 7.3 (1.4)
(Loss) income before income taxes $ (31.5) $ 17.1 $ (155.8)
v3.22.0.1
Income Taxes - Components of Provision for Income Taxes (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Current:      
Federal $ (6.0) $ (95.7) $ 13.2
State (0.5) 1.6 2.9
Foreign (2.3) (1.4) 1.7
Total current (8.8) (95.5) 17.8
Deferred:      
Federal (3.7) 69.8 (48.4)
State 3.1 (2.9) (11.8)
Foreign 5.0 (3.5) (3.1)
Total deferred 4.4 63.4 (63.3)
Total income tax benefit $ (4.4) $ (32.1) $ (45.5)
v3.22.0.1
Income Taxes - Reconciliation of Income Tax Expense Computed at U.S. Federal Statutory Tax Rate to Income Tax Expense (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Income Tax Disclosure [Abstract]      
Tax at statutory rate $ (6.6) $ 3.6 $ (32.7)
State income taxes 2.1 (1.0) (7.1)
Tax benefit of cross-border intercompany financing structure 0.0 (1.4) (2.1)
Repatriation of intangibles 0.0 0.0 (4.6)
CARES Act 1.9 (30.3) 0.0
Disallowed officers' compensation 1.5 2.6 1.6
Excess tax benefits related to stock-based compensation 0.4 1.7 (0.1)
Transition tax 0.0 0.0 (1.9)
Other tax credits (0.8) (0.9) (0.9)
Valuation allowance 0.0 (6.2) 3.4
Uncertain tax positions (4.4) (2.5) (2.5)
Indemnification 0.6 1.1 0.3
Other, net 0.9 1.2 1.1
Total income tax benefit (4.4) $ (32.1) $ (45.5)
Valuation allowance recorded against deferred tax asset $ 2.4    
v3.22.0.1
Income Taxes - Tax Effects of Temporary Differences Giving Rise to Deferred Income Tax Assets and Liabilities (Details) - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Deferred tax assets:    
Pension and postretirement benefits $ 7.7 $ 13.6
Accrued liabilities 16.0 23.5
Stock compensation 9.0 11.8
Lease liabilities 46.4 46.2
Interest limitation carryover 10.3 3.9
Loss and credit carryovers 198.1 213.6
Unrealized foreign exchange loss 11.8 21.3
Other 17.9 12.6
Total deferred tax assets 317.2 346.5
Valuation allowance (162.5) (161.0)
Total deferred tax assets, net of valuation allowance 154.7 185.5
Deferred tax liabilities:    
Fixed assets and intangible assets (264.7) (291.3)
Lease assets (45.3) (45.1)
Total deferred tax liabilities (310.0) (336.4)
Net deferred income tax liability $ (155.3) $ (150.9)
v3.22.0.1
Income Taxes - Income Taxes - Details of Tax Attributed Related to Net Operating Losses, Credits And Capital Losses (Details) - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Gross Attribute Amount    
Foreign net operating losses $ 4.2  
State net operating losses 232.1  
Federal credits 0.0  
State credits 0.0  
Federal capital loss 586.2  
State capital loss 586.2  
Net Attribute Amount    
Foreign net operating losses 1.1  
State net operating losses 11.0  
Federal credits 15.8  
State credits 16.9  
Federal capital loss 123.1  
State capital loss 26.0  
Other 4.2  
Total $ 198.1 $ 213.6
v3.22.0.1
Income Taxes - Additional Information (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Aug. 01, 2019
Income Tax Disclosure [Abstract]        
Deferred tax asset on capital loss     $ 149.1 $ 149.1
Unrecognized tax benefits that would impact the effective tax rate, if reversed $ 4.4 $ 5.5    
Unrecognized tax benefits assumed in prior acquisitions 1.8 4.8    
Decrease in total amount of unrecognized tax benefits within the next 12 months 1.0      
Decrease in unrecognized tax benefits is reasonably possible 0.9      
Unrecognized tax benefits, recognized interest and penalties in income tax expense (benefit) (1.3) (1.4) $ (0.2)  
Unrecognized tax benefits, accrued payment of interest and penalties 1.1 2.4    
Unrecognized tax benefits, accrued payment of interest and penalties, subject to in 0.6 1.7    
CARES Act, income tax expense (benefit) $ 1.9 $ (29.3)    
v3.22.0.1
Income Taxes - Reconciliation of Beginning and Ending Amount of Unrecognized Tax Benefits (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]      
Unrecognized tax benefits beginning balance $ 10.7 $ 12.3 $ 17.3
Additions (reductions) based on tax positions of prior years 0.5 2.4  
Additions (reductions) based on tax positions of prior years     (1.1)
Reductions resulting from dispositions 0.0 0.0 (1.1)
Reductions due to statute lapses (4.1) (3.4) (2.8)
Reductions related to settlements with taxing authorities 0.0 (0.7) (0.1)
Foreign currency translation 0.0 0.1 0.1
Unrecognized tax benefits ending balance $ 7.1 $ 10.7 $ 12.3
v3.22.0.1
Long-Term Debt (Details) - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Debt Instrument [Line Items]    
Finance leases $ 3.1 $ 4.1
Total outstanding debt 1,922.4 2,233.0
Deferred financing costs (16.1) (18.3)
Less current portion (15.6) (15.7)
Total long-term debt 1,890.7 2,199.0
2024 Notes    
Debt Instrument [Line Items]    
Senior notes 0.0 602.9
2028 Notes    
Debt Instrument [Line Items]    
Senior notes 500.0 500.0
Term Loan A    
Debt Instrument [Line Items]    
Term Loan 496.3 453.4
Term Loan A-1    
Debt Instrument [Line Items]    
Term Loan $ 923.0 $ 672.6
v3.22.0.1
Long-Term Debt - Scheduled Maturities of Outstanding Debt, Excluding Deferred Financing Costs (Details) - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Debt Disclosure [Abstract]    
2022 $ 15.6  
2023 15.1  
2024 15.0  
2025 14.6  
2026 890.8  
Thereafter 971.3  
Total outstanding debt $ 1,922.4 $ 2,233.0
v3.22.0.1
Long-Term Debt - Additional Information (Details)
 3 Months Ended 12 Months Ended
Dec. 31, 2022
Sep. 30, 2022
Jun. 30, 2022
Feb. 14, 2022
Aug. 26, 2019
Jun. 11, 2018
Dec. 31, 2019
Dec. 31, 2021
USD ($)
Mar. 26, 2021
USD ($)
Dec. 01, 2017
USD ($)
term_loan
Nov. 30, 2017
USD ($)
term_loan
Debt Instrument [Line Items]                      
Maximum leverage ratio         4.5 4.00 4.0        
Average interest rate on debt outstanding               1.68%      
Forecast                      
Debt Instrument [Line Items]                      
Maximum leverage ratio 4.50 5.25 5.50                
Subsequent Event                      
Debt Instrument [Line Items]                      
Maximum leverage ratio       4.50              
Interest Rate Swap                      
Debt Instrument [Line Items]                      
Average interest rate on debt outstanding               3.44%      
Revolving Credit Facility                      
Debt Instrument [Line Items]                      
Number of term loans                   2  
Revolving credit facility - maximum borrowing capacity | $               $ 750,000,000   $ 750,000,000 $ 900,000,000
Revolving Credit Facility | Maximum                      
Debt Instrument [Line Items]                      
Number of term loans                     3
Revolving Credit Facility | Minimum                      
Debt Instrument [Line Items]                      
Number of term loans                   2  
Term Loan A-1                      
Debt Instrument [Line Items]                      
Aggregate principal amount | $                 $ 930,000,000 $ 930,000,000  
v3.22.0.1
Long-Term Debt - Revolving Credit Facility - Additional Information (Details) - USD ($)
 12 Months Ended
Dec. 31, 2021
Dec. 01, 2017
Nov. 30, 2017
Debt Instrument [Line Items]      
Debt instrument covenant consolidated net leverage ratio (no greater than) 4.50    
Direct and Indirect Guarantor Subsidiaries      
Debt Instrument [Line Items]      
Ownership percentage of direct and indirect Guarantor subsidiaries 100.00%    
Minimum      
Debt Instrument [Line Items]      
Debt instrument, unused fee rate 0.20%    
Maximum      
Debt Instrument [Line Items]      
Debt instrument, unused fee rate 0.35%    
Revolving Credit Facility      
Debt Instrument [Line Items]      
Revolving credit facility available $ 730,100,000    
Revolving credit facility - maximum borrowing capacity 750,000,000 $ 750,000,000 $ 900,000,000
Letters of credit facility issued but undrawn 19,900,000    
Minimum payment default amount that triggers a Cross default provision $ 75,000,000    
Revolving Credit Facility | Minimum | London Interbank Offered Rate (LIBOR)      
Debt Instrument [Line Items]      
Debt instrument, basis spread on variable rate 1.20%    
Revolving Credit Facility | Minimum | Base Rate Margin      
Debt Instrument [Line Items]      
Debt instrument, basis spread on variable rate 0.20%    
Revolving Credit Facility | Maximum | London Interbank Offered Rate (LIBOR)      
Debt Instrument [Line Items]      
Debt instrument, basis spread on variable rate 1.70%    
Revolving Credit Facility | Maximum | Base Rate Margin      
Debt Instrument [Line Items]      
Debt instrument, basis spread on variable rate 0.70%    
v3.22.0.1
Long-Term Debt - Term Loan A - Additional Information (Details) - Term Loan A
Dec. 01, 2017
USD ($)
Debt Instrument [Line Items]  
Aggregate principal amount $ 500,000,000
Minimum | London Interbank Offered Rate (LIBOR)  
Debt Instrument [Line Items]  
Debt instrument, basis spread on variable rate 1.675%
Minimum | Base Rate Margin  
Debt Instrument [Line Items]  
Debt instrument, basis spread on variable rate 0.675%
Maximum | London Interbank Offered Rate (LIBOR)  
Debt Instrument [Line Items]  
Debt instrument, basis spread on variable rate 2.175%
Maximum | Base Rate Margin  
Debt Instrument [Line Items]  
Debt instrument, basis spread on variable rate 1.175%
v3.22.0.1
Long-Term Debt - Term Loan A-1 - Additional Information (Details) - USD ($)
Mar. 26, 2021
Dec. 01, 2017
Term Loan A-1    
Debt Instrument [Line Items]    
Aggregate principal amount $ 930,000,000 $ 930,000,000
v3.22.0.1
Long-Term Debt - 2024 Notes - Additional Information (Details) - USD ($)
 2 Months Ended 12 Months Ended
Mar. 31, 2021
Feb. 16, 2021
Mar. 31, 2021
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Debt Instrument [Line Items]            
Debt instrument, redemption price       $ 602,900,000 $ 375,900,000 $ 0
2024 Notes            
Debt Instrument [Line Items]            
Stated debt interest rate       6.00%    
Aggregate principal amount       $ 775,000,000    
Debt instrument, redemption price $ 402,900,000 $ 200,000,000        
Redemption price, percentage     101.50%      
v3.22.0.1
Long-Term Debt - 2028 Notes - Additional Information (Details) - 2028 Notes - USD ($)
 12 Months Ended
Sep. 09, 2020
Dec. 31, 2021
Debt Instrument [Line Items]    
Aggregate principal amount $ 500,000,000  
Stated debt interest rate 4.00%  
Indenture accreted amount due and payable percentage   25.00%
Prior to September 1, 2023    
Debt Instrument [Line Items]    
Redemption price, percentage 100.00%  
Redemption price, percentage 40.00%  
Post to September 1, 2023    
Debt Instrument [Line Items]    
Redemption price, percentage 104.00%  
Change of control    
Debt Instrument [Line Items]    
Redemption price, percentage 101.00%  
v3.22.0.1
Long-Term Debt - Loss on Extinguishment of Debt - Additional Information (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Debt Instrument [Line Items]      
Loss on extinguishment of debt $ 14.4 $ 1.2 $ 0.0
2024 Notes      
Debt Instrument [Line Items]      
Loss on extinguishment of debt 14.4    
Debt Instrument, Unamortized Premium 9.0    
Write off of debt issuance costs $ 5.4    
2022 Notes      
Debt Instrument [Line Items]      
Loss on extinguishment of debt   $ 1.2  
v3.22.0.1
Long-Term Debt - Interest Rate Swap Agreements - Additional Information (Details) - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Interest Rate Swap | London Interbank Offered Rate (LIBOR)    
Debt Instrument [Line Items]    
Notional amount $ 875,000,000 $ 875,000,000
v3.22.0.1
Long-Term Debt - Fair Value - Additional Information (Details) - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Debt Disclosure [Abstract]    
Long-term debt, fair value $ 1,899.5 $ 2,250.4
Long-term debt, carrying value $ 1,919.3 $ 2,228.9
v3.22.0.1
Long-Term Debt - Finance Lease Obligations and Other - Additional Information (Details) - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Debt Instrument [Line Items]    
Finance leases $ 3.1 $ 4.1
Machinery and Equipment    
Debt Instrument [Line Items]    
Finance leases $ 3.1  
v3.22.0.1
Long-Term Debt - Deferred Financing Costs - Additional Information (Details) - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Debt Instrument [Line Items]    
Deferred financing costs $ 16.1 $ 18.3
Long-term Debt    
Debt Instrument [Line Items]    
Deferred financing costs $ 16.1 $ 18.3
v3.22.0.1
Stockholders' Equity - Additional Information (Details) - USD ($)
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Nov. 02, 2017
Stockholders Equity Note [Line Items]      
Common stock, shares authorized (in shares) 90,000,000 90,000,000.0  
Common stock, par value (in usd per share) $ 0.01 $ 0.01  
Common stock, dividend declared (in usd per share) $ 0    
Preferred stock, shares authorized (in shares) 10,000,000.0 10,000,000.0  
Preferred stock, par value (in usd per share) $ 0.01 $ 0.01  
Preferred stock, shares issued (in shares) 0 0  
Common Stock      
Stockholders Equity Note [Line Items]      
Stock repurchase program, expected annual cap     $ 150,000,000
Common Stock | Maximum      
Stockholders Equity Note [Line Items]      
Stock repurchase program, authorized amount     $ 400,000,000
v3.22.0.1
Stockholders' Equity - Repurchase of Common Stock (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Equity [Abstract]      
Shares repurchased (in shares) 0.5 0.6 0.0
Weighted average price per share (in usd per share) $ 50.88 $ 38.64 $ 0
Total cost $ 25.0 $ 25.0 $ 0.0
v3.22.0.1
Earnings Per Share (Details) - shares
shares in Millions
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Earnings Per Share [Abstract]      
Weighted average common shares outstanding (in shares) 55.9 56.5 56.2
Assumed exercise/vesting of equity awards (in shares) 0.0 0.2 0.0
Weighted average diluted common shares outstanding (in shares) 55.9 56.7 56.2
Equity awards, excluded from computation of diluted earnings (in shares) 1.6 1.4 1.6
v3.22.0.1
Stock-Based Compensation - Additional Information (Details) - USD ($)
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
TreeHouse Foods, Inc. Equity and Incentive Plan      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Maximum number of shares authorized to be awarded (in shares) 17,500,000    
Shares available (in shares) 3,800,000    
Stock Option      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Compensation costs, unrecognized $ 0    
Options, grants in period (in shares) 0 0 0
Share based compensation arrangement, award vesting period 3 years    
Share based compensation arrangement, award expiration period 10 years    
Employee Restricted Stock Units and Director Restricted Stock Units      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Compensation costs, unrecognized $ 22,300,000    
Compensation costs, recognition weighted average remaining period (in years) 1 year 7 months 6 days    
Employee Restricted Stock Units      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Share based compensation arrangement, award vesting period 3 years    
Employee Restricted Stock Units | Executive Members      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Share based compensation arrangement, award vesting period 3 years    
Performance Units      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Compensation costs, unrecognized $ 6,900,000    
Compensation costs, recognition weighted average remaining period (in years) 1 year 2 months 12 days    
Performance based compensation period 3 years    
Accrual of units (as a percent) 25.00% 25.00% 33.33%
Performance Units | Executive Members      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Performance based compensation period 3 years    
Grant-date fair value (in usd per share) $ 59.16    
Units granted 23,200    
Performance Units | Minimum      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Predefined percentage for calculation of performance unit awards 0.00%    
Performance Units | Minimum | Executive Members      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Predefined percentage for calculation of performance unit awards 0.00%    
Predefined percentage for calculation of performance achievement unit awards 0.00%    
Performance Units | Maximum      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Predefined percentage for calculation of performance unit awards 200.00%    
Performance Units | Maximum | Executive Members      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Predefined percentage for calculation of performance unit awards 200.00%    
Predefined percentage for calculation of performance achievement unit awards 150.00%    
v3.22.0.1
Stock-Based Compensation - Summary of Total Compensation Expense (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Share-based Payment Arrangement [Abstract]      
Compensation expense related to stock-based payments $ 15.6 $ 26.1 $ 22.6
Related income tax benefit $ 3.9 $ 6.7 $ 5.8
v3.22.0.1
Stock-Based Compensation- Summary of Stock Option Activity (Details) - Stock Option - USD ($)
$ / shares in Units, shares in Thousands, $ in Millions
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Employee Options    
Beginning balance (in shares) 1,312  
Expired (in shares) (163)  
Ending balance (in shares) 1,149 1,312
Vested/expected to vest, at December 31, 2021 1,149  
Exercisable, at December 31, 2021 1,149  
Weighted Average Exercise Price    
Beginning balance (in usd per share) $ 77.62  
Expired (in usd per share) 64.32  
Ending balance (in usd per share) 79.51 $ 77.62
Vested/expected to vest, at December 31, 2021 79.51  
Exercisable, at December 31, 2021 $ 79.51  
Weighted Average Remaining Contractual Term (yrs.)    
Outstanding 2 years 3 months 18 days 3 years 1 month 6 days
Vested/expected to vest, at December 31, 2021 2 years 3 months 18 days  
Exercisable, at December 31, 2021 2 years 3 months 18 days  
Aggregate Intrinsic Value    
Beginning balance $ 0.0  
Ending balance 0.0 $ 0.0
Vested/expected to vest 0.0  
Exercisable $ 0.0  
v3.22.0.1
Stock-Based Compensation - Summary of Employee and Director Stock Option Highlights (Details) - Employee and Director Stock Option - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Intrinsic value of stock options exercised $ 0.0 $ 0.7 $ 0.1
Tax benefit recognized from stock option exercises $ 0.0 $ 0.2 $ 0.0
v3.22.0.1
Stock-Based Compensation - Summary of Restricted Stock and Restricted Stock Unit Activity (Details)
shares in Thousands
 12 Months Ended
Dec. 31, 2021
$ / shares
shares
Employee Restricted Stock Units  
Employee Restricted Stock Units  
Beginning balance (in shares) | shares 707
Granted (in shares) | shares 440
Vested (in shares) | shares (333)
Forfeited (in shares) | shares (154)
Ending balance (in shares) | shares 660
Weighted Average Grant Date Fair Value  
Outstanding, beginning balance (in usd per share) | $ / shares $ 47.92
Granted (in usd per share) | $ / shares 49.56
Vested (in usd per share) | $ / shares 46.96
Forfeited (in usd per share) | $ / shares 50.71
Outstanding, ending balance (in usd per share) | $ / shares $ 48.88
Director Restricted Stock Units  
Employee Restricted Stock Units  
Beginning balance (in shares) | shares 125
Granted (in shares) | shares 37
Vested (in shares) | shares (111)
Forfeited (in shares) | shares (1)
Ending balance (in shares) | shares 50
Vested and deferred (in shares) | shares 16
Weighted Average Grant Date Fair Value  
Outstanding, beginning balance (in usd per share) | $ / shares $ 54.67
Granted (in usd per share) | $ / shares 48.03
Vested (in usd per share) | $ / shares 55.38
Forfeited (in usd per share) | $ / shares 52.46
Outstanding, ending balance (in usd per share) | $ / shares 48.15
Vested and deferred (in usd per share) | $ / shares $ 48.35
v3.22.0.1
Stock-Based Compensation - Summary of Employee and Director Restricted Stock and Restricted Stock Highlights (Details) - Employee Restricted Stock Units and Director Restricted Stock Units - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Fair value of vested restricted stock units $ 22.6 $ 11.1 $ 19.5
Tax benefit recognized from vested restricted stock units $ 3.8 $ 2.0 $ 3.7
v3.22.0.1
Stock-Based Compensation - Shareholder Return Market Condition and Assumptions (Details) - Performance Units
 12 Months Ended
Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Dividend yield 0.00%
Risk-free rate 0.30%
Expected volatility 35.65%
Expected term (in years) 2 years 9 months
v3.22.0.1
Stock-Based Compensation - Summary of Performance Unit Activity (Details) - Performance Units
shares in Thousands
 12 Months Ended
Dec. 31, 2021
$ / shares
shares
Performance Units  
Beginning balance (in shares) | shares 541
Granted (in shares) | shares 166
Vested (in shares) | shares (105)
Forfeited (in shares) | shares (122)
Ending balance (in shares) | shares 480
Weighted Average Grant Date Fair Value  
Outstanding, beginning balance (in usd per share) | $ / shares $ 52.38
Granted (in usd per share) | $ / shares 52.80
Vested (in usd per share) | $ / shares 45.79
Forfeited (in usd per share) | $ / shares 55.10
Outstanding, ending balance (in usd per share) | $ / shares $ 54.21
v3.22.0.1
Stock-Based Compensation - Summary of Performance Unit Highlights (Details) - Performance Units - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Fair value of vested performance units $ 5.6 $ 3.3 $ 0.9
Tax benefit recognized from performance units vested $ 0.3 $ 0.7 $ 0.2
v3.22.0.1
Accumulated Other Comprehensive Loss- Components of Accumulated Other Comprehensive Loss Net of Tax Except for Foreign Currency Translation Adjustment (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
AOCI Attributable to Parent, Net of Tax [Roll Forward]      
Beginning balance $ 1,865.0 $ 1,830.9 $ 2,160.0
Other comprehensive income (loss)before reclassifications 9.9 19.5 12.6
Reclassifications from accumulated other comprehensive loss 0.5 0.5 0.5
Other comprehensive income 10.4 20.0 13.1
Ending balance 1,845.4 1,865.0 1,830.9
Foreign Currency Translation      
AOCI Attributable to Parent, Net of Tax [Roll Forward]      
Beginning balance (67.3) (79.4) (91.7)
Other comprehensive income (loss)before reclassifications (3.6) 12.1 12.3
Reclassifications from accumulated other comprehensive loss 0.0 0.0 0.0
Other comprehensive income (3.6) 12.1 12.3
Ending balance (70.9) (67.3) (79.4)
Unrecognized Pension and Postretirement Benefits      
AOCI Attributable to Parent, Net of Tax [Roll Forward]      
Beginning balance 3.3 (4.6) (5.4)
Other comprehensive income (loss)before reclassifications 13.5 7.4 0.3
Reclassifications from accumulated other comprehensive loss 0.5 0.5 0.5
Other comprehensive income 14.0 7.9 0.8
Ending balance 17.3 3.3 (4.6)
Income taxes 4.5 2.6  
Accumulated Other Comprehensive Loss      
AOCI Attributable to Parent, Net of Tax [Roll Forward]      
Beginning balance (64.0) (84.0) (97.1)
Other comprehensive income 10.4 20.0 13.1
Ending balance $ (53.6) $ (64.0) $ (84.0)
v3.22.0.1
Employee Pension And Postretirement Benefit Plans - Additional Information (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Defined Benefit Plan Disclosure [Line Items]      
Contribution made by the company $ 20.7 $ 20.4 $ 19.4
Pension Benefits      
Defined Benefit Plan Disclosure [Line Items]      
Contribution made by the company 0.7 1.5  
Pension plan contribution for next year $ 0.7    
Pension Benefits | Equity Securities      
Defined Benefit Plan Disclosure [Line Items]      
Percentage of plan asset allocation 40.00%    
Pension Benefits | Fixed Income Securities      
Defined Benefit Plan Disclosure [Line Items]      
Percentage of plan asset allocation 53.00%    
Pension Benefits | Hedge Funds      
Defined Benefit Plan Disclosure [Line Items]      
Percentage of plan asset allocation 6.00%    
Pension Benefits | Cash and cash equivalents      
Defined Benefit Plan Disclosure [Line Items]      
Percentage of plan asset allocation 1.00%    
Postretirement Benefits      
Defined Benefit Plan Disclosure [Line Items]      
Contribution made by the company $ 1.5 1.5  
Pension plan contribution for next year 1.5    
Multiemployer plans contribution $ 0.3 $ 0.3 $ 0.2
Minimum      
Defined Benefit Plan Disclosure [Line Items]      
Percentage of participant's annual compensation for employer matching and profit sharing contributions 1.00%    
Maximum      
Defined Benefit Plan Disclosure [Line Items]      
Percentage of participant's annual compensation for employer matching and profit sharing contributions 80.00%    
Maximum | Pension Benefits | Equity Securities      
Defined Benefit Plan Disclosure [Line Items]      
Targeted equities percentage under investment policy 65.00%    
v3.22.0.1
Employee Pension and Postretirement Benefit Plans - Fair Value of Pension Plan Assets, by Asset Category (Details) - Fair Value, Inputs, Level 1 - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Defined Benefit Plan Disclosure [Line Items]    
Fair value of plan assets $ 323.3 $ 325.9
Cash and cash equivalents    
Defined Benefit Plan Disclosure [Line Items]    
Fair value of plan assets 1.5 1.6
Equity funds    
Defined Benefit Plan Disclosure [Line Items]    
Fair value of plan assets 129.7 137.3
Fixed income funds    
Defined Benefit Plan Disclosure [Line Items]    
Fair value of plan assets 173.4 170.2
Alternative funds    
Defined Benefit Plan Disclosure [Line Items]    
Fair value of plan assets $ 18.7 $ 16.8
v3.22.0.1
Employee Pension and Postretirement Benefit Plans - Summarized Information about Pension and Postretirement Benefit Plans (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Change in plan assets:      
Company contributions $ 20.7 $ 20.4 $ 19.4
Amounts recognized in Accumulated other    comprehensive loss:      
Accumulated benefit obligation 330.5 353.5  
Pension Benefits      
Change in projected benefit obligation:      
Projected benefit obligation, at beginning of year 355.1 336.0  
Service cost 1.0 1.8 1.5
Interest cost 8.8 10.5 12.2
Curtailment (0.7) 0.0  
Actuarial (gains) losses (14.2) 24.9  
Benefits paid (19.1) (18.1)  
Projected benefit obligation, at end of year 330.9 355.1 336.0
Change in plan assets:      
Fair value of plan assets, at beginning of year 325.9 294.0  
Actual gain on plan assets 15.8 48.5  
Company contributions 0.7 1.5  
Benefits paid (19.1) (18.1)  
Fair value of plan assets, at end of year 323.3 325.9 294.0
Funded status of the plan (7.6) (29.2)  
Amounts recognized in the Consolidated Balance Sheets:      
Noncurrent asset 2.6 0.0  
Current liability (0.7) (0.7)  
Noncurrent liability (9.5) (28.5)  
Net amount recognized (7.6) (29.2)  
Amounts recognized in Accumulated other    comprehensive loss:      
Net actuarial gain (20.5) (3.9)  
Prior service cost 0.2 0.4  
Total, before tax effect (20.3) (3.5)  
Postretirement Benefits      
Change in projected benefit obligation:      
Projected benefit obligation, at beginning of year 26.1 27.5  
Service cost 0.0 0.0 0.0
Interest cost 0.7 0.8 1.1
Curtailment (0.4) 0.0  
Actuarial (gains) losses (1.6) (0.7)  
Benefits paid (1.5) (1.5)  
Projected benefit obligation, at end of year 23.3 26.1 27.5
Change in plan assets:      
Fair value of plan assets, at beginning of year 0.0 0.0  
Actual gain on plan assets 0.0 0.0  
Company contributions 1.5 1.5  
Benefits paid (1.5) (1.5)  
Fair value of plan assets, at end of year 0.0 0.0 $ 0.0
Funded status of the plan (23.3) (26.1)  
Amounts recognized in the Consolidated Balance Sheets:      
Noncurrent asset 0.0 0.0  
Current liability (1.5) (1.5)  
Noncurrent liability (21.8) (24.6)  
Net amount recognized (23.3) (26.1)  
Amounts recognized in Accumulated other    comprehensive loss:      
Net actuarial gain (2.6) (0.9)  
Prior service cost 0.0 0.0  
Total, before tax effect $ (2.6) $ (0.9)  
v3.22.0.1
Employee Pension and Postretirement Benefit Plans - Summary of Pension Benefit Plans (Details) - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Retirement Benefits [Abstract]    
Aggregate projected benefit obligation $ 46.8 $ 355.1
Aggregate accumulated benefit obligation 46.7 353.5
Aggregate fair value of plan assets $ 36.6 $ 325.9
v3.22.0.1
Employee Pension and Postretirement Benefit Plans - Accumulated Benefit Obligation and Weighted Average Assumptions Used (Details)
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Defined Benefit Plan Disclosure [Line Items]    
Discount rate for the curtailment gain 2.75%  
Pension Benefits    
Defined Benefit Plan Disclosure [Line Items]    
Discount rate 2.86% 2.50%
Rate of compensation increases 3.00% 3.00%
Postretirement Benefits    
Defined Benefit Plan Disclosure [Line Items]    
Discount rate 2.80% 2.50%
Rate of compensation increases 0.00% 0.00%
v3.22.0.1
Employee Pension and Postretirement Benefit Plans - Key Actuarial Assumptions Used to Determine Postretirement Benefit Obligations (Details)
Dec. 31, 2021
Dec. 31, 2020
Retirement Benefits [Abstract]    
Health care cost trend rate for next year 6.34% 6.61%
Health care cost trend rate for next year 6.91% 7.26%
Ultimate rate 4.50% 4.50%
Ultimate rate 4.50% 4.50%
Weighted average discount rate 2.80% 2.50%
Weighted average discount rate 2.80% 2.50%
v3.22.0.1
Employee Pension and Postretirement Benefit Plans - Summary of Net Periodic Cost of Pension and Postretirement Benefit Plans (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Pension Benefits      
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]      
Service cost $ 1.0 $ 1.8 $ 1.5
Interest cost 8.8 10.5 12.2
Expected return on plan assets (13.8) (14.5) (15.2)
Amortization of unrecognized prior service cost 0.2 0.2 0.2
Amortization of unrecognized net loss 0.5 0.6 0.5
Curtailment (0.7) 0.0 (0.5)
Net periodic (benefit) cost (4.0) (1.4) (1.3)
Postretirement Benefits      
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]      
Service cost 0.0 0.0 0.0
Interest cost 0.7 0.8 1.1
Expected return on plan assets 0.0 0.0 0.0
Amortization of unrecognized prior service cost 0.0 0.0 0.0
Amortization of unrecognized net loss 0.0 0.0 0.0
Curtailment (0.4) 0.0 0.0
Net periodic (benefit) cost $ 0.3 $ 0.8 $ 1.1
v3.22.0.1
Employee Pension and Postretirement Benefit Plans - Weighted Average Assumptions Used to Determine Pension Benefit Costs (Details)
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Weighted average assumptions used to determine the periodic benefit costs:      
Discount rate for the curtailment gain 2.75%    
Pension Benefits      
Weighted average assumptions used to determine the periodic benefit costs:      
Discount rate 2.50% 3.25% 4.40%
Expected return on plan assets 4.40% 5.10% 5.91%
Pension Benefits | Minimum      
Weighted average assumptions used to determine the periodic benefit costs:      
Rate of compensation increases   3.50% 3.50%
Pension Benefits | Maximum      
Weighted average assumptions used to determine the periodic benefit costs:      
Rate of compensation increases 3.00% 4.00% 4.00%
Postretirement Benefits      
Weighted average assumptions used to determine the periodic benefit costs:      
Discount rate 2.50% 3.25% 4.40%
v3.22.0.1
Employee Pension and Postretirement Benefit Plans - Estimated Future Pension and Postretirement Benefit Payments (Details)
$ in Millions
Dec. 31, 2021
USD ($)
Pension Benefits  
Defined Benefit Plan Disclosure [Line Items]  
2022 $ 20.5
2023 21.0
2024 21.9
2025 20.4
2026 20.1
2027-2031 96.8
Postretirement Benefits  
Defined Benefit Plan Disclosure [Line Items]  
2022 1.5
2023 1.5
2024 1.5
2025 1.5
2026 1.5
2027-2031 $ 7.3
v3.22.0.1
Employee Pension and Postretirement Benefit Plans - Multiemployer Pension Plans (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Maximum      
Multiemployer Plans [Line Items]      
Percentage of total contributions   5.00% 5.00%
Bakery and Confectionery Union and Industry International Pension Fund      
Multiemployer Plans [Line Items]      
Multiemployer plans contribution $ 2.0 $ 1.6 $ 1.5
Central States Southeast and Southwest Areas Pension Fund      
Multiemployer Plans [Line Items]      
Multiemployer plans contribution 1.1 1.1 1.0
Retail, Wholesale and Department Store International Union and Industry Pension Fund      
Multiemployer Plans [Line Items]      
Multiemployer plans contribution 0.0 0.0 0.3
Settled withdrawal liability     4.3
Rockford Area Dairy Industry Local 754, Intl. Brotherhood of Teamsters Retirement Pension Plan      
Multiemployer Plans [Line Items]      
Multiemployer plans contribution $ 0.6 $ 0.6 $ 0.5
v3.22.0.1
Other Operating Expense, Net (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Other Income and Expenses [Abstract]      
Growth, reinvestment, and restructuring programs $ 87.1 $ 71.1 $ 99.3
Loss on divestitures 0.0 0.3 0.0
Other 3.4 (0.3) 0.3
Total other operating expense, net $ 90.5 $ 71.1 $ 99.6
v3.22.0.1
Commitments and Contingencies (Details)
$ in Millions
Jul. 14, 2021
USD ($)
Dec. 31, 2021
USD ($)
complaint
Loss Contingencies [Line Items]    
Loss contingency, cash payment $ 27.0  
Loss contingency, liability   $ 27.0
Loss contingency insurance receivable   27.0
Negrete v Ralcorp Holdings Inc et al    
Loss Contingencies [Line Items]    
Loss contingency, liability   9.0
Negrete v Ralcorp Holdings Inc et al | Pending Litigation    
Loss Contingencies [Line Items]    
Loss contingency, estimate of possible loss   $ 9.0
Class Actions Filed by Shareholders    
Loss Contingencies [Line Items]    
Loss contingency, number of claims | complaint   4
v3.22.0.1
Derivative Instruments - Additional Information (Details) - USD ($)
Dec. 31, 2025
Dec. 31, 2021
Dec. 31, 2020
Interest rate swap agreements      
Derivative [Line Items]      
Weighted average fixed interest rate     2.68%
Interest rate swap agreements | London Interbank Offered Rate (LIBOR)      
Derivative [Line Items]      
Notional amount   $ 875,000,000 $ 875,000,000
Foreign currency contracts      
Derivative [Line Items]      
Notional amount   5,500,000 7,700,000
Diesel Contract      
Derivative [Line Items]      
Notional amount   58,800,000 $ 47,000,000
Total return swap contract      
Derivative [Line Items]      
Notional amount   $ 7,000,000  
Forecast | Interest rate swap agreements      
Derivative [Line Items]      
Weighted average fixed interest rate 2.91%    
v3.22.0.1
Derivative Instruments - Derivative, Fair Value, and Location on Condensed Consolidated Balance Sheets (Details) - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Derivatives, Fair Value [Line Items]    
Asset derivative, fair value $ 3.9 $ 12.6
Liability derivative, fair value 52.3 98.1
Commodity contracts    
Derivatives, Fair Value [Line Items]    
Asset derivative, fair value 3.9 12.6
Liability derivative, fair value 0.9 0.7
Foreign currency contracts    
Derivatives, Fair Value [Line Items]    
Liability derivative, fair value 0.2 0.0
Interest rate swap agreements    
Derivatives, Fair Value [Line Items]    
Liability derivative, fair value $ 51.2 $ 97.4
v3.22.0.1
Derivative Instruments - Gains and Losses on Derivative Contracts (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Derivative Instruments, Gain (Loss) [Line Items]      
Mark to market unrealized gain (loss), derivative $ 37.1 $ (29.9) $ (47.0)
Total unrealized gain (loss) 37.1 (29.9) (47.0)
Total realized gain (loss) 7.4 (27.8) 8.5
Total gain (loss) 44.5 (57.7) (38.5)
Commodity contracts | Other (income) expense, net      
Derivative Instruments, Gain (Loss) [Line Items]      
Mark to market unrealized gain (loss), commodity contracts (8.9) 11.7 1.5
Commodity contracts | Manufacturing related to Cost of sales and transportation related to Selling and distribution      
Derivative Instruments, Gain (Loss) [Line Items]      
Total realized gain (loss) 31.6 (9.8) 1.5
Foreign currency contracts | Other (income) expense, net      
Derivative Instruments, Gain (Loss) [Line Items]      
Mark to market unrealized gain (loss), derivative (0.2) 0.1 (1.6)
Foreign currency contracts | Cost of sales      
Derivative Instruments, Gain (Loss) [Line Items]      
Total realized gain (loss) (0.3) 0.4 0.5
Interest rate swap agreements | Other (income) expense, net      
Derivative Instruments, Gain (Loss) [Line Items]      
Mark to market unrealized gain (loss), derivative 46.2 (41.7) (46.9)
Interest rate swap agreements | Interest expense      
Derivative Instruments, Gain (Loss) [Line Items]      
Total realized gain (loss) (24.9) (18.4) 6.5
Total return swap contract | General and administrative      
Derivative Instruments, Gain (Loss) [Line Items]      
Total realized gain (loss) $ 1.0 $ 0.0 $ 0.0
v3.22.0.1
Segment and Geographic Information and Major Customers - Additional Information (Details) - segment
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Segment Reporting Information [Line Items]      
Number of operating segments 2    
Sales Revenue, Net | Customer Concentration Risk | Walmart Stores, Inc. and affiliates      
Segment Reporting Information [Line Items]      
Concentration risk, percentage 22.50% 23.90% 24.40%
Sales Revenue, Net | Customer Concentration Risk | Non-U.S      
Segment Reporting Information [Line Items]      
Concentration risk, percentage 7.50% 6.80% 7.30%
Sales Revenue, Net | Geographic Concentration Risk | Canada      
Segment Reporting Information [Line Items]      
Concentration risk, percentage 5.80% 5.20% 5.80%
Trade Receivables | Customer Concentration Risk | Walmart Stores, Inc. and affiliates      
Segment Reporting Information [Line Items]      
Concentration risk, percentage   17.30%  
v3.22.0.1
Segment and Geographic Information and Major Customers - Financial Information Relating to Reportable Segments (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Segment Reporting Information [Line Items]      
Net sales $ 4,327.6 $ 4,349.7 $ 4,288.9
Unallocated cost of sales (3,629.5) (3,547.5) (3,492.1)
Operating income (loss) 21.3 149.1 (16.1)
Other expense (52.8) (132.0) (139.7)
(Loss) income before income taxes (31.5) 17.1 (155.8)
Depreciation 141.2 132.5 136.5
Meal Preparation      
Segment Reporting Information [Line Items]      
Net sales 2,737.7 2,701.4 2,680.7
Snacking & Beverages      
Segment Reporting Information [Line Items]      
Net sales 1,589.9 1,649.4 1,608.2
Operating Segments      
Segment Reporting Information [Line Items]      
Net sales 4,327.6 4,349.7 4,288.9
Direct operating income 420.3 605.2 574.1
Operating Segments | Meal Preparation      
Segment Reporting Information [Line Items]      
Net sales 2,737.7 2,701.4 2,680.7
Direct operating income 260.8 370.6 381.3
Depreciation 65.9 57.8 60.2
Operating Segments | Snacking & Beverages      
Segment Reporting Information [Line Items]      
Net sales 1,589.9 1,649.4 1,608.2
Direct operating income 159.5 234.6 192.8
Depreciation 67.7 64.6 68.6
Segment Reconciling Items      
Segment Reporting Information [Line Items]      
Net sales 0.0 (1.1) 0.0
Unallocated selling, general, and administrative expenses (237.6) (277.2) (270.9)
Unallocated cost of sales 11.0 (36.0) (16.5)
Unallocated corporate expense and other (172.4) (142.9) (302.8)
Corporate office      
Segment Reporting Information [Line Items]      
Depreciation $ 7.6 $ 10.1 $ 7.7
v3.22.0.1
Segment and Geographic Information and Major Customers - Disaggregation of Revenue (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Disaggregation of Revenue [Line Items]      
Net sales $ 4,327.6 $ 4,349.7 $ 4,288.9
Segment Reconciling Items      
Disaggregation of Revenue [Line Items]      
Net sales 0.0 (1.1) 0.0
Meal Preparation      
Disaggregation of Revenue [Line Items]      
Net sales 2,737.7 2,701.4 2,680.7
Meal Preparation | Retail grocery      
Disaggregation of Revenue [Line Items]      
Net sales 2,062.1 2,141.7 2,018.8
Meal Preparation | Food-away-from-home      
Disaggregation of Revenue [Line Items]      
Net sales 282.4 234.1 334.8
Meal Preparation | Industrial, co-manufacturing, and other      
Disaggregation of Revenue [Line Items]      
Net sales 393.2 325.6 327.1
Meal Preparation | Center store grocery      
Disaggregation of Revenue [Line Items]      
Net sales 1,742.0 1,700.8 1,763.1
Meal Preparation | Main course      
Disaggregation of Revenue [Line Items]      
Net sales 995.7 1,000.6 917.6
Snacking & Beverages      
Disaggregation of Revenue [Line Items]      
Net sales 1,589.9 1,649.4 1,608.2
Snacking & Beverages | Retail grocery      
Disaggregation of Revenue [Line Items]      
Net sales 1,366.6 1,440.0 1,400.4
Snacking & Beverages | Food-away-from-home      
Disaggregation of Revenue [Line Items]      
Net sales 12.4 11.5 22.4
Snacking & Beverages | Industrial, co-manufacturing, and other      
Disaggregation of Revenue [Line Items]      
Net sales 210.9 197.9 185.4
Snacking & Beverages | Sweet & savory snacks      
Disaggregation of Revenue [Line Items]      
Net sales 1,158.1 1,177.2 1,220.1
Snacking & Beverages | Beverages & drink mixes      
Disaggregation of Revenue [Line Items]      
Net sales $ 431.8 $ 472.2 $ 388.1
v3.22.0.1
Segment and Geographic Information and Major Customers - Long-Lived Assets by Geographic Region (Details) - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Segment Reporting Information [Line Items]    
Long-lived assets $ 1,019.1 $ 1,070.0
United States    
Segment Reporting Information [Line Items]    
Long-lived assets 884.8 927.4
Canada    
Segment Reporting Information [Line Items]    
Long-lived assets 118.6 125.2
Other    
Segment Reporting Information [Line Items]    
Long-lived assets $ 15.7 $ 17.4
v3.22.0.1
Schedule II - Valuation and Qualifying Accounts - Deferred Tax Valuation Allowance (Details) - Deferred Tax Valuation Allowance - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]      
Balance Beginning of Year $ (161.0) $ (167.9) $ (15.1)
Additions (2.5) (0.2) (153.5)
Reductions 1.0 7.1 0.7
Balance End of Year $ (162.5) $ (161.0) $ (167.9)
v3.22.0.1
Label Element Value
Accounting Standards Update 2016-02 [Member]  
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability us-gaap_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability $ 252,500,000