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v3.24.2

RESTRUCTURING-RELATED ACTIVITIES - Schedule of Restructuring Reserve (Details) $ in Thousands | 6 Months Ended
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Jun. 30, 2024 USD ($)
Restructuring Reserve [Roll Forward] |
Cash payments and disposals | $ (29,536)
Moy Park |
Restructuring Reserve [Roll Forward] |
Liability or reserve as of December 31, 2023 | 2,788
Restructuring charges incurred | 0
Cash payments and disposals | (659)
Currency translation | (22)
Liability or reserve as of June 30, 2024 | 2,107
Moy Park | Contract termination |
Restructuring Reserve [Roll Forward] |
Liability or reserve as of December 31, 2023 | 144
Restructuring charges incurred | 0
Cash payments and disposals | 0
Currency translation | (1)
Liability or reserve as of June 30, 2024 | 143
Moy Park | Other charges |
Restructuring Reserve [Roll Forward] |
Liability or reserve as of December 31, 2023 | 2,644
Restructuring charges incurred | 0
Cash payments and disposals | (659)
Currency translation | (21)
Liability or reserve as of June 30, 2024 | 1,964
Pilgrim’s Pride Ltd. |
Restructuring Reserve [Roll Forward] |
Liability or reserve as of December 31, 2023 | 1,979
Restructuring charges incurred | 7,410
Cash payments and disposals | (8,247)
Currency translation | (15)
Liability or reserve as of June 30, 2024 | 1,127
Pilgrim’s Pride Ltd. | Employee retention benefits |
Restructuring Reserve [Roll Forward] |
Liability or reserve as of December 31, 2023 | 35
Restructuring charges incurred | (35)
Cash payments and disposals | 0
Currency translation | 0
Liability or reserve as of June 30, 2024 | 0
Pilgrim’s Pride Ltd. | Severance |
Restructuring Reserve [Roll Forward] |
Liability or reserve as of December 31, 2023 | 734
Restructuring charges incurred | 380
Cash payments and disposals | (550)
Currency translation | (4)
Liability or reserve as of June 30, 2024 | 560
Pilgrim’s Pride Ltd. | Asset impairment costs |
Restructuring Reserve [Roll Forward] |
Liability or reserve as of December 31, 2023 | 0
Restructuring charges incurred | 7,111
Cash payments and disposals | (7,111)
Currency translation | 0
Liability or reserve as of June 30, 2024 | 0
Pilgrim’s Pride Ltd. | Inventory adjustments |
Restructuring Reserve [Roll Forward] |
Liability or reserve as of December 31, 2023 | 294
Restructuring charges incurred | 141
Cash payments and disposals | (432)
Currency translation | (3)
Liability or reserve as of June 30, 2024 | 0
Pilgrim’s Pride Ltd. | Lease termination |
Restructuring Reserve [Roll Forward] |
Liability or reserve as of December 31, 2023 | 164
Restructuring charges incurred | 372
Cash payments and disposals | (93)
Currency translation | 0
Liability or reserve as of June 30, 2024 | 443
Pilgrim’s Pride Ltd. | Other charges |
Restructuring Reserve [Roll Forward] |
Liability or reserve as of December 31, 2023 | 752
Restructuring charges incurred | (559)
Cash payments and disposals | (61)
Currency translation | (8)
Liability or reserve as of June 30, 2024 | 124
Pilgrim’s Food Masters 2022 |
Restructuring Reserve [Roll Forward] |
Liability or reserve as of December 31, 2023 | 3,320
Restructuring charges incurred | 0
Cash payments and disposals | (2,972)
Currency translation | (15)
Liability or reserve as of June 30, 2024 | 333
Pilgrim’s Food Masters 2022 | Severance |
Restructuring Reserve [Roll Forward] |
Liability or reserve as of December 31, 2023 | 1,281
Restructuring charges incurred | 0
Cash payments and disposals | (1,276)
Currency translation | (5)
Liability or reserve as of June 30, 2024 | 0
Pilgrim’s Food Masters 2022 | Inventory adjustments |
Restructuring Reserve [Roll Forward] |
Liability or reserve as of December 31, 2023 | 65
Restructuring charges incurred | 0
Cash payments and disposals | (63)
Currency translation | (2)
Liability or reserve as of June 30, 2024 | 0
Pilgrim’s Food Masters 2022 | Lease termination |
Restructuring Reserve [Roll Forward] |
Liability or reserve as of December 31, 2023 | 1,289
Restructuring charges incurred | 0
Cash payments and disposals | (1,284)
Currency translation | (5)
Liability or reserve as of June 30, 2024 | 0
Pilgrim’s Food Masters 2022 | Other charges |
Restructuring Reserve [Roll Forward] |
Liability or reserve as of December 31, 2023 | 685
Restructuring charges incurred | 0
Cash payments and disposals | (349)
Currency translation | (3)
Liability or reserve as of June 30, 2024 | 333
Pilgrim’s Food Masters 2023 |
Restructuring Reserve [Roll Forward] |
Liability or reserve as of December 31, 2023 | 2,158
Restructuring charges incurred | 0
Cash payments and disposals | (2,140)
Currency translation | (18)
Liability or reserve as of June 30, 2024 | 0
Pilgrim’s Food Masters 2023 | Employee retention benefits |
Restructuring Reserve [Roll Forward] |
Liability or reserve as of December 31, 2023 | 522
Restructuring charges incurred | 0
Cash payments and disposals | (517)
Currency translation | (5)
Liability or reserve as of June 30, 2024 | 0
Pilgrim’s Food Masters 2023 | Severance |
Restructuring Reserve [Roll Forward] |
Liability or reserve as of December 31, 2023 | 1,636
Restructuring charges incurred | 0
Cash payments and disposals | (1,623)
Currency translation | (13)
Liability or reserve as of June 30, 2024 | 0
Pilgrim’s Food Masters 2024 |
Restructuring Reserve [Roll Forward] |
Liability or reserve as of December 31, 2023 | 0
Restructuring charges incurred | 19,652
Cash payments and disposals | (9,950)
Currency translation | 19
Liability or reserve as of June 30, 2024 | 9,721
Pilgrim’s Food Masters 2024 | Employee retention benefits |
Restructuring Reserve [Roll Forward] |
Liability or reserve as of December 31, 2023 | 0
Restructuring charges incurred | 212
Cash payments and disposals | 0
Currency translation | 0
Liability or reserve as of June 30, 2024 | 212
Pilgrim’s Food Masters 2024 | Severance |
Restructuring Reserve [Roll Forward] |
Liability or reserve as of December 31, 2023 | 0
Restructuring charges incurred | 12,011
Cash payments and disposals | (3,949)
Currency translation | 16
Liability or reserve as of June 30, 2024 | 8,078
Pilgrim’s Food Masters 2024 | Asset impairment costs |
Restructuring Reserve [Roll Forward] |
Liability or reserve as of December 31, 2023 | 0
Restructuring charges incurred | 4,477
Cash payments and disposals | (4,477)
Currency translation | 0
Liability or reserve as of June 30, 2024 | 0
Pilgrim’s Food Masters 2024 | Lease termination |
Restructuring Reserve [Roll Forward] |
Liability or reserve as of December 31, 2023 | 0
Restructuring charges incurred | 548
Cash payments and disposals | (548)
Currency translation | 0
Liability or reserve as of June 30, 2024 | 0
Pilgrim’s Food Masters 2024 | Other charges |
Restructuring Reserve [Roll Forward] |
Liability or reserve as of December 31, 2023 | 0
Restructuring charges incurred | 2,404
Cash payments and disposals | (976)
Currency translation | 3
Liability or reserve as of June 30, 2024 | 1,431
Pilgrim’s Europe Central |
Restructuring Reserve [Roll Forward] |
Liability or reserve as of December 31, 2023 | 0
Restructuring charges incurred | 24,172
Cash payments and disposals | (21,315)
Currency translation | (125)
Liability or reserve as of June 30, 2024 | 2,732
Pilgrim’s Europe Central | Employee retention benefits |
Restructuring Reserve [Roll Forward] |
Liability or reserve as of December 31, 2023 | 0
Restructuring charges incurred | 12
Cash payments and disposals | (12)
Currency translation | 0
Liability or reserve as of June 30, 2024 | 0
Pilgrim’s Europe Central | Severance |
Restructuring Reserve [Roll Forward] |
Liability or reserve as of December 31, 2023 | 0
Restructuring charges incurred | 21,767
Cash payments and disposals | (18,914)
Currency translation | (121)
Liability or reserve as of June 30, 2024 | 2,732
Pilgrim’s Europe Central | Asset impairment costs |
Restructuring Reserve [Roll Forward] |
Liability or reserve as of December 31, 2023 | 0
Restructuring charges incurred | 1,824
Cash payments and disposals | (1,824)
Currency translation | 0
Liability or reserve as of June 30, 2024 | 0
Pilgrim’s Europe Central | Lease termination |
Restructuring Reserve [Roll Forward] |
Liability or reserve as of December 31, 2023 | 0
Restructuring charges incurred | 8
Cash payments and disposals | (8)
Currency translation | 0
Liability or reserve as of June 30, 2024 | 0
Pilgrim’s Europe Central | Other charges |
Restructuring Reserve [Roll Forward] |
Liability or reserve as of December 31, 2023 | 0
Restructuring charges incurred | 561
Cash payments and disposals | (557)
Currency translation | (4)
Liability or reserve as of June 30, 2024 | $ 0

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- Definition Amount of cash payments made as the result of exit or disposal activities. Excludes payments associated with a discontinued operation or an asset retirement obligation. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 17 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-17 + Details
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