v3.25.4

RESTRUCTURING-RELATED ACTIVITIES | 12 Months Ended
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Dec. 28, 2025
Restructuring and Related Activities [Abstract] |
RESTRUCTURING-RELATED ACTIVITIES | RESTRUCTURING-RELATED ACTIVITIES In 2022, the Company began restructuring initiatives in its Europe reportable segment. Additional restructuring initiatives also commenced in 2023 and 2024. The purpose of our ongoing restructuring activities is to integrate central operations and reallocate processing capacities between production facilities resulting in closures of some facilities in the Europe reportable segment. The following table provides a summary of our estimates of timelines and costs associated with these restructuring initiatives by major type of cost:
| Pilgrim’s Food Masters 2024 |  | Pilgrim’s Europe Central |  | Total
| (In thousands)
Earliest implementation date | April 2024 |  | January 2024 |  |
Predominant completion date | March 2025 |  | June 2025 |  |
Costs incurred and expected to be incurred |  |  |  |  |
Employee-related costs | $ | 19,413 |  |  | $ | 53,350 |  |  | $ | 72,763 |
Asset impairment costs | 10,865 |  |  | 1,855 |  |  | 12,720 |
Contract termination costs | 845 |  |  | 1,745 |  |  | 2,590 |
Other exit and disposal costs(a) | 7,938 |  |  | 5,584 |  |  | 13,522 |
Total exit and disposal costs(b) | $ | 39,061 |  |  | $ | 62,534 |  |  | $ | 101,595 |
Costs incurred since earliest implementation date |  |  |  |  |
Employee-related costs | $ | 19,413 |  |  | $ | 53,350 |  |  | $ | 72,763 |
Asset impairment costs | 10,865 |  |  | 1,855 |  |  | 12,720 |
Contract termination costs | 845 |  |  | 1,745 |  |  | 2,590 |
Other exit and disposal costs(a) | 7,938 |  |  | 5,584 |  |  | 13,522 |
Total exit and disposal costs(b) | $ | 39,061 |  |  | $ | 62,534 |  |  | $ | 101,595 |
(a)Comprised of other costs directly related to the restructuring initiatives including flock depletion, the write-off of prepaid maintenance costs, consulting fees, and costs to return leased assets to original configuration. (b)All costs, except for asset impairment costs, are estimated to result in cash outlays. During 2025, the Company recognized the following expenses and paid the following cash related to each restructuring initiative:
| Expenses |  | Cash Outlays
| (In thousands)
Pilgrim’s Food Masters 2024 | $ | (1,672) |  |  | $ | 4,676 |
Pilgrim’s Europe Central | 29,839 |  |  | 24,591 |
Prior programs substantially complete | 3,187 |  |  | 2,480 |
Total | $ | 31,354 |  |  | $ | 31,747 |
These expenses are reported in the line item Restructuring activities on the Consolidated Statements of Income. The following tables reconcile liabilities and reserves associated with each restructuring initiative during 2025. Ending liability balances for employee termination benefits and other charges are reported in the line item Accrued expenses and other current liabilities in our Consolidated Balance Sheets. The ending reserve balance for inventory adjustments is reported in the line item Inventories in our Consolidated Balance Sheets. During 2025, there were no material movements in reserves related to substantially completed programs. These programs have been excluded from the tables below.
| Pilgrim’s Food Masters 2024
| Liability or reserve as of December 29, 2024 |  | Restructuring charges incurred |  | Cash payments and disposals |  | Currency translation |  | Liability or reserve as of December 28, 2025
| (In thousands)
Employee retention benefits | $ | 76 |  |  | $ | 139 |  |  | $ | (218) |  |  | $ | 3 |  |  | $ | — |
Severance | 1,620 |  |  | (354) |  |  | (1,332) |  |  | 66 |  |  | — |
Asset impairment | — |  |  | 58 |  |  | (58) |  |  | — |  |  | — |
Inventory adjustments | — |  |  | (34) |  |  | 34 |  |  | — |  |  | — |
Lease termination | 290 |  |  | (302) |  |  | (6) |  |  | 18 |  |  | — |
Other charges | 4,787 |  |  | (1,179) |  |  | (3,126) |  |  | 245 |  |  | 727 |
Total | $ | 6,773 |  |  | $ | (1,672) |  |  | $ | (4,706) |  |  | $ | 332 |  |  | $ | 727 |
| Pilgrim’s Europe Central
| Liability or reserve as of December 29, 2024 |  | Restructuring charges incurred |  | Cash payments and disposals |  | Currency translation |  | Liability or reserve as of December 28, 2025
| (In thousands)
Employee retention benefits | $ | — |  |  | $ | (173) |  |  | $ | 173 |  |  | $ | — |  |  | $ | — |
Severance | 2,823 |  |  | 25,566 |  |  | (23,685) |  |  | 886 |  |  | 5,590 |
Asset impairment | — |  |  | 31 |  |  | (31) |  |  | — |  |  | — |
Inventory adjustments | 91 |  |  | — |  |  | (96) |  |  | 5 |  |  | — |
Lease termination | — |  |  | 2,172 |  |  | (2,293) |  |  | 121 |  |  | — |
Other charges | 67 |  |  | 2,246 |  |  | (6) |  |  | 28 |  |  | 2,335 |
Contract termination | 1,223 |  |  | (3) |  |  | (1,073) |  |  | 80 |  |  | 227 |
Total | $ | 4,204 |  |  | $ | 29,839 |  |  | $ | (27,011) |  |  | $ | 1,120 |  |  | $ | 8,152 |

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 2: 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 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/420/tableOfContent Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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