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PROPERTY, PLANT AND EQUIPMENT | 9 Months Ended
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Sep. 27, 2020
Property, Plant and Equipment [Abstract] |
PROPERTY, PLANT AND EQUIPMENT | PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment (“PP&E”), net consisted of the following:
| September 27, 2020 |  | December 29, 2019
| (In thousands)
Land | $ | 250,438 |  |  | $ | 222,076 |
Buildings | 1,913,680 |  |  | 1,754,219 |
Machinery and equipment | 3,087,897 |  |  | 3,139,748 |
Autos and trucks | 72,419 |  |  | 64,122 |
Finance leases | 2,182 |  |  | 2,182 |
Construction-in-progress | 248,984 |  |  | 229,015 |
PP&E, gross | 5,575,600 |  |  | 5,411,362 |
Accumulated depreciation | (2,989,782) |  |  | (2,819,301) |
PP&E, net | $ | 2,585,818 |  |  | $ | 2,592,061 |
The Company recognized depreciation expense of $77.7 million and $66.2 million during the three months ended September 27, 2020 and September 29, 2019, respectively. The Company recognized depreciation expense of $231.6 million and $193.4 million during the nine months ended September 27, 2020 and September 29, 2019, respectively. During the nine months ended September 27, 2020, Pilgrim's spent $242.6 million o n capital projects and transferred $190.1 million of complete d projects from construction-in-progress to depreciable assets. Capital expenditures were primarily incurred during the nine months ended September 27, 2020 to improve efficiencies and reduce costs. During the nine months ended September 29, 2019, the Company spent $258.7 million on capital projects and transferred $189.9 million of completed projects from construction-in-progress to depreciable assets. During the three and nine months ended September 27, 2020, the Company sold certain PP&E for $11.8 million and $21.7 million, respectively, in cash and recognized net gains on these sales of $6.4 million and $8.0 million, respectively. PP&E sold during the nine months ended September 27, 2020 consisted of broiler farms and related machinery in Mexico and other miscellaneous equipment. During the three and nine months ended September 29, 2019, the Company sold miscellaneous equipment for cash of $13.4 million and $15.2 million, respectively, and recognized net gains on these sales of $9.8 million and $9.5 million, respectively. The Company has closed or idled various facilities in the U.S. and in the U.K. Neither the Board of Directors nor JBS has determined if it would be in the best interest of the Company to divest any of these idled assets. Management is therefore not certain that it can or will divest any of these assets within one year, is not actively marketing these assets and, accordingly, has not classified them as assets held for sale. The Company continues to depreciate these assets. As of September 27, 2020, the carrying amounts of these idled assets totaled $41.9 million based on depreciable value of $185.0 million and accumulated depreciation of $143.1 million. As of September 27, 2020, the Company assessed if events or changes in circumstances indicated that the aggregate carrying amount of its property, plant and equipment held for use might not be recoverable. There were no indicators present that required the Company to test the recoverability of the aggregate carrying amount of its property, plant and equipment held for use at that date.

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=120429125&loc=d3e99893-112916 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=120429125&loc=SL120174063-112916 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 1 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120429125&loc=d3e99779-112916 + Details
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