XML 44 R27.htm IDEA: XBRL DOCUMENT
v3.21.1

REVENUE RECOGNITION (Tables) | 3 Months Ended
--- | ---
Mar. 28, 2021
Revenue from Contract with Customer [Abstract] |
Disaggregated Revenue | Revenue has been disaggregated into the categories below to show how economic factors affect the nature, amount, timing and uncertainty of revenue and cash flows:
| Three Months Ended March 28, 2021
| (In thousands)
| Fresh |  | Prepared |  | Export |  | Other |  | Total
U.S. chicken | $ | 1,597,423 |  |  | $ | 194,272 |  |  | $ | 113,971 |  |  | $ | 93,893 |  |  | $ | 1,999,559 |
U.K. and Europe chicken | 210,445 |  |  | 216,313 |  |  | 63,551 |  |  | 11,602 |  |  | 501,911 |
Mexico chicken | 372,721 |  |  | 27,404 |  |  | — |  |  | 19,006 |  |  | 419,131 |
Total chicken | 2,180,589 |  |  | 437,989 |  |  | 177,522 |  |  | 124,501 |  |  | 2,920,601 |
U.K. and Europe pork | 176,441 |  |  | 159,809 |  |  | 15,831 |  |  | 743 |  |  | 352,824 |
Total net sales | $ | 2,357,030 |  |  | $ | 597,798 |  |  | $ | 193,353 |  |  | $ | 125,244 |  |  | $ | 3,273,425 |
| Three Months Ended March 29, 2020
| (In thousands)
| Fresh |  | Prepared |  | Export |  | Other |  | Total
U.S. chicken | $ | 1,541,640 |  |  | $ | 216,087 |  |  | $ | 58,854 |  |  | $ | 110,299 |  |  | $ | 1,926,880 |
U.K. and Europe chicken | 231,953 |  |  | 194,405 |  |  | 59,112 |  |  | 15,703 |  |  | 501,173 |
Mexico chicken | 292,912 |  |  | 24,971 |  |  | — |  |  | 7,903 |  |  | 325,786 |
Total chicken | 2,066,505 |  |  | 435,463 |  |  | 117,966 |  |  | 133,905 |  |  | 2,753,839 |
U.K. and Europe pork | 164,682 |  |  | 117,630 |  |  | 18,050 |  |  | 20,727 |  |  | 321,089 |
Total net sales | $ | 2,231,187 |  |  | $ | 553,093 |  |  | $ | 136,016 |  |  | $ | 154,632 |  |  | $ | 3,074,928 |
Contract Balances | Changes in the revenue contract liabilities balance are as follows:
| March 28, 2021
| (In thousands)
Balance, beginning of period | $ | 65,918 |
Revenue recognized | (48,218) |
Cash received, excluding amounts recognized as revenue during the period | 17,634 |
Balance, end of period | $ | 35,334 |

X
- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045 + Details
Name: | us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130545-203045 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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