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REPORTABLE SEGMENTS (Tables) | 12 Months Ended
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Dec. 25, 2022
Segment Reporting [Abstract] |
Schedule of Net Sales, Operating Income, Depreciation and Amortization, Long-lived Assets and Capital Expenditures | Additional information regarding reportable segments is as follows:
| Year Ended
| December 25, 2022(a) |  | December 26, 2021(b) |  | December 27. 2020(c)
| (In thousands)
Net sales |  |  |  |  |
U.S. | $ | 10,748,350 |  |  | $ | 9,113,879 |  |  | $ | 7,496,017 |
U.K. and Europe | 4,874,738 |  |  | 3,934,062 |  |  | 3,274,292 |
Mexico | 1,845,289 |  |  | 1,729,517 |  |  | 1,321,592 |
Total | $ | 17,468,377 |  |  | $ | 14,777,458 |  |  | $ | 12,091,901 |
(a)For the year 2022, the U.S. reportable segment had intercompany sales to the Mexico reportable segment of $120.9 million. These sales consisted of fresh products, prepared products, eggs and grain. For the year 2022, the U.K. and Europe reportable segment had intercompany sales of eggs to the U.S. reportable segment of $5.3 million. (b)For the year 2021, the U.S. reportable segment had intercompany sales to the Mexico reportable segment of $296.9 million. These sales consisted of fresh products, prepared products and grain. (c)For the year 2020, the U.S. reportable segment had intercompany sales to the Mexico reportable segment of $210.6 million. These sales consisted of fresh products, prepared products and grain.
| Year Ended
| December 25, 2022 |  | December 26, 2021 |  | December 27, 2020
| (In thousands)
Operating income |  |  |  |  |
U.S. | $ | 1,094,025 |  |  | $ | (17,036) |  |  | $ | 69,377 |
U.K. and Europe | (934) |  |  | (627) |  |  | 102,734 |
Mexico | 83,450 |  |  | 228,773 |  |  | 72,879 |
Eliminations | 54 |  |  | 54 |  |  | 473 |
Total operating income | 1,176,595 |  |  | 211,164 |  |  | 245,463 |
Interest expense, net of capitalized interest | 152,672 |  |  | 145,792 |  |  | 126,118 |
Interest income | (9,028) |  |  | (6,056) |  |  | (7,305) |
Foreign currency transaction losses (gains) | 30,817 |  |  | (9,382) |  |  | 760 |
Gain on bargain purchase | — |  |  | — |  |  | 3,746 |
Miscellaneous, net | (23,339) |  |  | (11,580) |  |  | (39,681) |
Income before income taxes | 1,025,473 |  |  | 92,390 |  |  | 161,825 |
Income tax expense | 278,935 |  |  | 61,122 |  |  | 66,755 |
Net income | $ | 746,538 |  |  | $ | 31,268 |  |  | $ | 95,070 |
| Year Ended
| December 25, 2022 |  | December 26, 2021 |  | December 27, 2020
| (In thousands)
Depreciation and amortization |  |  |  |  |
U.S. | $ | 244,617 |  |  | $ | 242,944 |  |  | $ | 218,244 |
U.K. and Europe | 134,374 |  |  | 113,256 |  |  | 92,673 |
Mexico | 24,119 |  |  | 24,624 |  |  | 26,187 |
Total | $ | 403,110 |  |  | $ | 380,824 |  |  | $ | 337,104 |
| Year Ended
| December 25, 2022 |  | December 26, 2021 |  | December 27, 2020
| (In thousands)
Capital expenditures |  |  |  |  |
U.S. | $ | (343,825) |  |  | $ | 274,934 |  |  | $ | 264,149 |
U.K. and Europe | (114,330) |  |  | 87,004 |  |  | 77,597 |
Mexico | (28,955) |  |  | 19,733 |  |  | 13,016 |
Total | $ | (487,110) |  |  | $ | 381,671 |  |  | $ | 354,762 |
| December 25, 2022 |  | December 26, 2021
| (In thousands)
Total assets |  |  |
U.S. | $ | 6,847,209 |  |  | $ | 6,390,845 |
U.K. and Europe | 4,033,990 |  |  | 4,292,558 |
Mexico | 1,292,056 |  |  | 1,146,204 |
Eliminations | (2,917,486) |  |  | (2,916,402) |
Total | $ | 9,255,769 |  |  | $ | 8,913,205 |
| Year Ended
| December 25, 2022 |  | December 26, 2021 |  | December 27, 2020
| (In thousands)
Net sales to customers by customer location |  |  |  |  |
U.S. | $ | 10,204,411 |  |  | $ | 8,657,648 |  |  | $ | 7,190,808 |
Europe | 4,813,108 |  |  | 3,878,475 |  |  | 3,225,717 |
Mexico | 1,895,658 |  |  | 1,778,355 |  |  | 1,350,588 |
Asia-Pacific | 390,679 |  |  | 317,685 |  |  | 252,574 |
Canada, Caribbean and Central America | 87,515 |  |  | 81,549 |  |  | 30,792 |
Africa | 61,894 |  |  | 47,948 |  |  | 25,321 |
South America | 15,112 |  |  | 15,798 |  |  | 16,101 |
Total | $ | 17,468,377 |  |  | $ | 14,777,458 |  |  | $ | 12,091,901 |
| December 25, 2022 |  | December 26, 2021
| (In thousands)
Long-lived assets(a) |  |  |
U.S. | $ | 1,943,967 |  |  | $ | 1,862,584 |
U.K. and Europe | 1,011,283 |  |  | 1,125,197 |
Mexico | 295,069 |  |  | 284,980 |
Eliminations | (3,675) |  |  | (3,729) |
Total | $ | 3,246,644 |  |  | $ | 3,269,032 |
(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.

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- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227 + Details
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