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RELATED PARTY TRANSACTIONS (Tables) | 9 Months Ended
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Sep. 24, 2023
Related Party Transactions [Abstract] |
Schedule of Related Party Transactions | Pilgrim’s has been and, in some cases, continues to be a party to certain transactions with affiliated companies.
| Three Months Ended |  | Nine Months Ended
| September 24, 2023 |  | September 25, 2022 |  | September 24, 2023 |  | September 25, 2022
| (In thousands)
Sales to related parties: |  |  |  |  |  |  |
JBS USA Food Company(a) | $ | 7,191 |  |  | $ | 8,314 |  |  | $ | 23,715 |  |  | $ | 17,911 |
JBS Australia Pty. Ltd | — |  |  | 935 |  |  | 1,691 |  |  | 2,331 |
JBS Chile Ltd. | 29 |  |  | 245 |  |  | 1,156 |  |  | 424 |
Combo Mercado De Congelados, S. de RL. De CV | 415 |  |  | 483 |  |  | 958 |  |  | 1,339 |
Other related parties | — |  |  | 20 |  |  | — |  |  | 20 |
Total sales to related parties | $ | 7,635 |  |  | $ | 9,997 |  |  | $ | 27,520 |  |  | $ | 22,025 |
| Three Months Ended |  | Nine Months Ended
| September 24, 2023 |  | September 25, 2022 |  | September 24, 2023 |  | September 25, 2022
| (In thousands)
Cost of goods purchased from related parties: |  |  |  |  |  |  |
JBS USA Food Company(a) | $ | 59,422 |  |  | $ | 6,393 |  |  | $ | 187,836 |  |  | $ | 119,546 |
Seara Meat B.V. | 5,085 |  |  | 14,795 |  |  | 14,724 |  |  | 27,926 |
Penasul UK LTD | 3,102 |  |  | 4,091 |  |  | 11,392 |  |  | 10,514 |
JBS Asia Co Limited | 2,338 |  |  | 2,448 |  |  | 3,977 |  |  | 6,370 |
Other related parties | 324 |  |  | 699 |  |  | 2,211 |  |  | 1,161 |
Total cost of goods purchased from related parties | $ | 70,271 |  |  | $ | 28,426 |  |  | $ | 220,140 |  |  | $ | 165,517 |
| Three Months Ended |  | Nine Months Ended
| September 24, 2023 |  | September 25, 2022 |  | September 24, 2023 |  | September 25, 2022
| (In thousands)
Expenditures paid by related parties: |  |  |  |  |  |  |
JBS USA Food Company(b) | $ | 21,245 |  |  | $ | 19,035 |  |  | $ | 81,371 |  |  | $ | 72,974 |
Other related parties | — |  |  | 16 |  |  | 15 |  |  | 71 |
Total expenditures paid by related parties | $ | 21,245 |  |  | $ | 19,051 |  |  | $ | 81,386 |  |  | $ | 73,045 |
| Three Months Ended |  | Nine Months Ended
| September 24, 2023 |  | September 25, 2022 |  | September 24, 2023 |  | September 25, 2022
| (In thousands)
Expenditures paid on behalf of related parties: |  |  |  |  |  |  |
JBS USA Food Company(b) | $ | 18,710 |  |  | $ | 7,553 |  |  | $ | 31,629 |  |  | $ | 46,895 |
Other related parties | — |  |  | — |  |  | 5 |  |  | — |
Total expenditures paid on behalf of related parties | $ | 18,710 |  |  | $ | 7,553 |  |  | $ | 31,634 |  |  | $ | 46,895 |
| September 24, 2023 |  | December 25, 2022
| (In thousands)
Accounts receivable from related parties: |  |  |
JBS USA Food Company(a) | $ | 1,390 |  |  | $ | 2,062 |
JBS Chile Ltda. | 36 |  |  | — |
Other related parties | 250 |  |  | 450 |
Total accounts receivable from related parties | $ | 1,676 |  |  | $ | 2,512 |
| September 24, 2023 |  | December 25, 2022
| (In thousands)
Accounts payable to related parties: |  |  |
JBS USA Food Company(a) | $ | 13,500 |  |  | $ | 7,434 |
JBS Asia Co Limited | 2,997 |  |  | 2,099 |
Seara Meats B.V. | 1,992 |  |  | — |
Penasul UK LTD | 1,271 |  |  | 940 |
Other related parties | 524 |  |  | 1,682 |
Total accounts payable to related parties | $ | 20,284 |  |  | $ | 12,155 |
(a) The Company routinely executes transactions to both purchase products from JBS USA Food Company (“JBS USA”) and sell products to them. As of September 24, 2023 goods purchased and in transit from JBS USA were immaterial and not reflected on our Condensed Consolidated Balance Sheet. (b) The Company has an agreement with JBS USA to allocate costs associated with JBS USA’s procurement of SAP licenses and maintenance services for its combined companies. Under this agreement, the fees associated with procuring SAP licenses and maintenance services are allocated between the Company and JBS USA in proportion to the percentage of licenses used by each company. The agreement expires on the date of expiration, or earlier termination, of the underlying SAP license agreement. The Company also has an agreement with JBS USA to allocate the costs of supporting the business operations by one consolidated corporate team. Expenditures paid by JBS USA on behalf of the Company will be reimbursed by the Company and expenditures paid by the Company on behalf of JBS USA will be reimbursed by JBS USA. This agreement expires on December 31, 2023.

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- Definition Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates. + References No definition available. + Details
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