XML 55 R44.htm IDEA: XBRL DOCUMENT
v3.20.2

SEGMENT REPORTING (Tables) | 6 Months Ended
--- | ---
Jun. 28, 2020
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | Additional information regarding reportable segments is as follows:
| Three Months Ended |  |  |  | Six Months Ended |  |
| June 28, 2020(a) |  | June 30, 2019(b) |  | June 28, 2020(c) |  | June 30, 2019(d)
| (In thousands) |  |  |  |  |  |
Net sales: |  |  |  |  |  |  |
U.S. | $ | 1,798,689 |  |  | $ | 1,916,954 |  |  | $ | 3,725,569 |  |  | $ | 3,800,544 |
U.K. and Europe | 757,201 |  |  | 535,902 |  |  | 1,579,463 |  |  | 1,050,865 |
Mexico | 268,133 |  |  | 390,229 |  |  | 593,919 |  |  | 716,351 |
Total | $ | 2,824,023 |  |  | $ | 2,843,085 |  |  | $ | 5,898,951 |  |  | $ | 5,567,760 |
(a)For the three months ended June 28, 2020, the U.S. reportable segment had intercompany sales to the Mexico reportable segment of $57.1 million. These sales consisted of fresh products, prepared products, and grain. (b)For the three months ended June 30 2019, the U.S. reportable segment had intercompany sales to the Mexico reportable segment of $31.6 million. These sales consisted of fresh products, prepared products, and grain. (c)For the six months ended June 28, 2020, the U.S. reportable segment had intercompany sales to the Mexico reportable segment of $113.7 million. These sales consisted of fresh products, prepared products, and grain. (d)For the six months ended June 30 2019, the U.S. reportable segment had intercompany sales to the Mexico reportable segment of $66.0 million. These sales consisted of fresh products, prepared products, and grain.
| Three Months Ended |  |  |  | Six Months Ended |  |
| June 28, 2020 |  | June 30, 2019 |  | June 28, 2020 |  | June 30, 2019
| (In thousands) |  |  |  |  |  |
Reportable segment profit: |  |  |  |  |  |  |
U.S. | $ | 39,448 |  |  | $ | 186,960 |  |  | $ | 124,500 |  |  | $ | 301,800 |
U.K. and Europe | 23,185 |  |  | 24,194 |  |  | 46,375 |  |  | 36,908 |
Mexico | (35,544) |  |  | 68,372 |  |  | (59,424) |  |  | 77,836 |
Eliminations | 200 |  |  | 24 |  |  | 224 |  |  | 48 |
Total operating income | 27,289 |  |  | 279,550 |  |  | 111,675 |  |  | 416,592 |
Interest expense, net of capitalized interest | 32,323 |  |  | 33,594 |  |  | 65,011 |  |  | 67,156 |
Interest income | (1,158) |  |  | (3,444) |  |  | (2,848) |  |  | (6,784) |
Foreign currency transaction loss (gain) | 5,525 |  |  | 2,260 |  |  | (12,860) |  |  | 4,896 |
Miscellaneous, net | (45) |  |  | 1,513 |  |  | (34,233) |  |  | 1,156 |
Income (loss) before income taxes | (9,356) |  |  | 245,627 |  |  | 96,605 |  |  | 350,168 |
Income tax expense (benefit) | (2,956) |  |  | 75,547 |  |  | 35,556 |  |  | 95,963 |
Net income (loss) | $ | (6,400) |  |  | $ | 170,080 |  |  | $ | 61,049 |  |  | $ | 254,205 |
| June 28, 2020 |  | December 29, 2019
| (In thousands) |  |
Total assets: |  |  |
U.S. | $ | 5,437,311 |  |  | $ | 5,207,282 |
U.K. and Europe | 2,681,166 |  |  | 2,824,382 |
Mexico | 1,007,635 |  |  | 1,020,331 |
Eliminations | (1,969,531) |  |  | (1,949,631) |
Total assets | $ | 7,156,581 |  |  | $ | 7,102,364 |
| June 28, 2020 |  | December 29, 2019
| (In thousands) |  |
Long-lived assets(a): |  |  |
U.S. | $ | 1,785,150 |  |  | $ | 1,789,530 |
U.K. and Europe | 750,977 |  |  | 801,887 |
Mexico | 298,988 |  |  | 306,413 |
Eliminations | (4,032) |  |  | (4,256) |
Total long-lived assets | $ | 2,831,083 |  |  | $ | 2,893,574 |
(a)For this disclosure, we exclude financial instruments, deferred tax assets and intangible assets in accordance with ASC 280-10-50-41, Segment Reporting. Long-lived assets, as used in ASC 280-10-50-41, implies hard assets that cannot be readily removed.

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration