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RELATED PARTY TRANSACTIONS (Tables) | 6 Months Ended
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Jun. 30, 2024
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 |  | Six Months Ended
| June 30, 2024 |  | June 25, 2023 |  | June 30, 2024 |  | June 25, 2023
| (In thousands)
Sales to related parties |  |  |  |  |  |  |
JBS USA Food Company(a) | $ | 8,263 |  |  | $ | 9,012 |  |  | $ | 13,637 |  |  | $ | 16,524 |
JBS Chile Ltd. | 759 |  |  | 182 |  |  | 1,946 |  |  | 1,128 |
Other related parties | 509 |  |  | 1,355 |  |  | 1,079 |  |  | 2,233 |
Total | 9,531 |  |  | $ | 10,549 |  |  | $ | 16,662 |  |  | $ | 19,885 |
| Three Months Ended |  | Six Months Ended
| June 30, 2024 |  | June 25, 2023 |  | June 30, 2024 |  | June 25, 2023
| (In thousands)
Cost of goods purchased from related parties |  |  |  |  |  |  |
JBS USA Food Company(a) | $ | 41,862 |  |  | $ | 78,509 |  |  | $ | 82,186 |  |  | $ | 128,414 |
Seara Meat B.V. | 4,873 |  |  | 4,638 |  |  | 10,268 |  |  | 9,638 |
Penasul UK LTD | 2,970 |  |  | 4,103 |  |  | 6,500 |  |  | 8,290 |
Other related parties | 1,963 |  |  | 1,720 |  |  | 3,323 |  |  | 3,527 |
Total | $ | 51,668 |  |  | $ | 88,970 |  |  | $ | 102,277 |  |  | $ | 149,869 |
| Three Months Ended |  | Six Months Ended
| June 30, 2024 |  | June 25, 2023 |  | June 30, 2024 |  | June 25, 2023
| (In thousands)
Expenditures paid by related parties |  |  |  |  |  |  |
JBS USA Food Company(b) | $ | 24,916 |  |  | $ | 46,104 |  |  | $ | 42,687 |  |  | $ | 60,127 |
Other related parties | — |  |  | 15 |  |  | — |  |  | 15 |
Total | $ | 24,916 |  |  | $ | 46,119 |  |  | $ | 42,687 |  |  | $ | 60,142 |
| Three Months Ended |  | Six Months Ended
| June 30, 2024 |  | June 25, 2023 |  | June 30, 2024 |  | June 25, 2023
| (In thousands)
Expenditures paid on behalf of related parties |  |  |  |  |  |  |
JBS USA Food Company(b) | $ | 4,563 |  |  | $ | 9,540 |  |  | $ | 7,252 |  |  | $ | 12,919 |
Other related parties | — |  |  | — |  |  | — |  |  | 5 |
Total | $ | 4,563 |  |  | $ | 9,540 |  |  | $ | 7,252 |  |  | $ | 12,924 |
| June 30, 2024 |  | December 31, 2023
| (In thousands)
Accounts receivable from related parties |  |  |
JBS USA Food Company(a) | $ | 1,541 |  |  | $ | 967 |
JBS Chile Ltda. | 379 |  |  | — |
Other related parties | 135 |  |  | 811 |
Total | $ | 2,055 |  |  | $ | 1,778 |
| June 30, 2024 |  | December 31, 2023
| (In thousands)
Accounts payable to related parties |  |  |
JBS USA Food Company(a) | $ | 14,320 |  |  | $ | 34,038 |
Seara Meats B.V. | 5,204 |  |  | 2,252 |
JBS Asia Co Limited | 2,454 |  |  | 2,254 |
Other related parties | 1,353 |  |  | 2,710 |
Total | $ | 23,331 |  |  | $ | 41,254 |
(a)The Company routinely executes transactions to both purchase products from JBS USA Food Company (“JBS USA”) and sell products to them. As of June 30, 2024, goods purchased and in transit from JBS USA were immaterial and not reflected on our Consolidated Balance Sheets. (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 both 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, which have historically been supported by their respective corporate teams. 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, 2025.

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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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