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REVENUE RECOGNITION | 12 Months Ended
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Dec. 29, 2024
Revenue from Contract with Customer [Abstract] |
REVENUE RECOGNITION | REVENUE RECOGNITION Disaggregated Revenue Revenue has been disaggregated into the following categories below to show how economic factors affect the nature, amount, timing and uncertainty of revenue and cash flows:
| Year Ended December 29, 2024
| Fresh |  | Prepared |  | Export |  | Other(a) |  | Total
| (In thousands)
U.S. | $ | 8,731,904 |  |  | $ | 1,094,818 |  |  | $ | 468,553 |  |  | $ | 334,654 |  |  | $ | 10,629,929 |
Europe | 1,178,459 |  |  | 3,381,178 |  |  | 477,486 |  |  | 99,624 |  |  | 5,136,747 |
Mexico | 1,777,815 |  |  | 220,270 |  |  | — |  |  | 113,530 |  |  | 2,111,615 |
Total net sales | $ | 11,688,178 |  |  | $ | 4,696,266 |  |  | $ | 946,039 |  |  | $ | 547,808 |  |  | $ | 17,878,291 |
| Year Ended December 31, 2023
| Fresh |  | Prepared |  | Export |  | Other(a) |  | Total
| (In thousands)
U.S. | $ | 8,105,268 |  |  | $ | 978,423 |  |  | $ | 533,205 |  |  | $ | 410,846 |  |  | $ | 10,027,742 |
Europe | 1,074,900 |  |  | 3,525,359 |  |  | 472,657 |  |  | 130,406 |  |  | 5,203,322 |
Mexico | 1,796,670 |  |  | 212,651 |  |  | — |  |  | 121,832 |  |  | 2,131,153 |
Total net sales | $ | 10,976,838 |  |  | $ | 4,716,433 |  |  | $ | 1,005,862 |  |  | $ | 663,084 |  |  | $ | 17,362,217 |
| Year Ended December 25, 2022
| Fresh |  | Prepared |  | Export |  | Other(a) |  | Total
| (In thousands)
U.S. | $ | 8,624,421 |  |  | $ | 1,107,734 |  |  | $ | 552,823 |  |  | $ | 463,372 |  |  | $ | 10,748,350 |
Europe | 908,882 |  |  | 3,104,347 |  |  | 712,685 |  |  | 148,824 |  |  | 4,874,738 |
Mexico | 1,587,809 |  |  | 167,589 |  |  | — |  |  | 89,891 |  |  | 1,845,289 |
Total net sales | $ | 11,121,112 |  |  | $ | 4,379,670 |  |  | $ | 1,265,508 |  |  | $ | 702,087 |  |  | $ | 17,468,377 |
(a)Included in Other sales shown above are sales of commodity grains and protein byproducts. Additional disaggregation of revenue by sales channel is provided below:
| Year Ended December 29, 2024
| Retail |  | Foodservice |  | Export |  | Other |  | Total
| (In thousands)
U.S. | $ | 5,708,826 |  |  | $ | 4,029,197 |  |  | $ | 468,553 |  |  | $ | 423,353 |  |  | $ | 10,629,929 |
Europe | 3,257,803 |  |  | 846,284 |  |  | 477,486 |  |  | 555,174 |  |  | 5,136,747 |
Mexico(a) | 531,724 |  |  | 982,429 |  |  | — |  |  | 597,462 |  |  | 2,111,615 |
Total net sales | $ | 9,498,353 |  |  | $ | 5,857,910 |  |  | $ | 946,039 |  |  | $ | 1,575,989 |  |  | $ | 17,878,291 |
| Year Ended December 31, 2023
| Retail |  | Foodservice |  | Export |  | Other |  | Total
| (In thousands)
U.S. | $ | 5,111,023 |  |  | $ | 3,829,397 |  |  | $ | 533,205 |  |  | $ | 554,117 |  |  | $ | 10,027,742 |
Europe | 3,220,272 |  |  | 917,304 |  |  | 472,657 |  |  | 593,089 |  |  | 5,203,322 |
Mexico(a) | 502,408 |  |  | 986,567 |  |  | — |  |  | 642,178 |  |  | 2,131,153 |
Total net sales | $ | 8,833,703 |  |  | $ | 5,733,268 |  |  | $ | 1,005,862 |  |  | $ | 1,789,384 |  |  | $ | 17,362,217 |
| Year Ended December 25, 2022
| Retail |  | Foodservice |  | Export |  | Other |  | Total
| (In thousands)
U.S. | $ | 4,952,560 |  |  | $ | 4,608,606 |  |  | $ | 552,823 |  |  | $ | 634,361 |  |  | $ | 10,748,350 |
Europe | 2,842,502 |  |  | 778,304 |  |  | 712,685 |  |  | 541,247 |  |  | 4,874,738 |
Mexico(a) | 416,342 |  |  | 880,368 |  |  | — |  |  | 548,579 |  |  | 1,845,289 |
Total net sales | $ | 8,211,404 |  |  | $ | 6,267,278 |  |  | $ | 1,265,508 |  |  | $ | 1,724,187 |  |  | $ | 17,468,377 |
(a)Included in Mexico foodservice channel are sales to wholesale public meat markets that typically sell product on to foodservice customers. Included in Mexico other channel are sales to live chicken markets. Contract Costs The Company can incur incremental costs to obtain or fulfill a contract such as broker expenses that are not expected to be recovered. The amortization period for such expenses is less than one year; therefore, the costs are expensed as incurred. Taxes The Company excludes all taxes assessed by a governmental authority that are both imposed on and concurrent with a specific revenue-producing transaction and collected by the entity from a customer (for example, sales, use, value added and some excise taxes) from the transaction price. Contract Balances The Company receives payment from customers based on terms established with the customer. Payments are typically due within 14 to 30 days of delivery. Revenue contract liabilities relate to payments received in advance of satisfying the performance under the customer contract. The revenue contract liabilities relate to customer prepayments and the advanced consideration, such as cash, received from governmental agency contracts for which performance obligations to the end customer have not been satisfied. Changes in the revenue contract liability balances for the years ended December 29, 2024 and December 31, 2023 were as follows:
| December 29, 2024 |  | December 31, 2023
| (In thousands)
Balance, beginning of year | $ | 84,958 |  |  | $ | 34,486 |
Revenue recognized | (82,331) |  |  | (28,674) |
Cash received, excluding amounts recognized as revenue during the period | 46,271 |  |  | 79,146 |
Balance, end of year | $ | 48,898 |  |  | $ | 84,958 |

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-15 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
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