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TRADE ACCOUNTS AND OTHER RECEIVABLES | 9 Months Ended
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Sep. 28, 2025
Accounts Receivable, after Allowance for Credit Loss [Abstract] |
TRADE ACCOUNTS AND OTHER RECEIVABLES | TRADE ACCOUNTS AND OTHER RECEIVABLES Trade accounts and other receivables, less allowance for credit losses, consisted of the following:
|  | September 28, 2025 |  | December 29, 2024
|  | (In thousands)
Trade accounts receivable |  | $ | 1,096,884 |  |  | $ | 973,820 |
Notes receivable from third parties |  | 9,734 |  |  | 8,970 |
Other receivables |  | 32,777 |  |  | 30,018 |
Receivables, gross |  | 1,139,395 |  |  | 1,012,808 |
Allowance for credit losses |  | (8,348) |  |  | (8,474) |
Receivables, net |  | $ | 1,131,047 |  |  | $ | 1,004,334 |
Accounts receivable from related parties(a) |  | $ | 11,170 |  |  | $ | 2,608 |
(a) Additional information regarding accounts receivable from related parties is included in “Note 17. Related Party Transactions.” Activity in the allowance for credit losses was as follows:
|  | Nine Months Ended
|  | September 28, 2025
|  | (In thousands)
Balance, beginning of period |  | $ | (8,474) |
Provision charged to operating results |  | (277) |
Account write-offs and recoveries |  | 1,074 |
Effect of exchange rate |  | (671) |
Balance, end of period |  | $ | (8,348) |
In June 2023, the Company and JBS USA Food Company (“JBS USA”) jointly entered into a receivables purchase agreement with a bank for an uncommitted facility with a maximum capacity of $415.0 million and no recourse to the Company or JBS USA. Under the facility, the Company may sell eligible trade receivables in exchange for cash. Transfers under the agreement are recorded as a sale under ASC 860, Broad Transactions – Transfers and Servicing. At the transfer date, the Company receives cash equal to the face value of the receivables sold less a fee based on the current Secured Overnight Financing Rate (“SOFR”) plus an applicable margin applied over the customer payment term. The fees are immaterial.

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- Definition The entire disclosure for claims held for amounts due to entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/310-10/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-2 + Details
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