XML 40 R22.htm IDEA: XBRL DOCUMENT
v3.22.4

Comprehensive Income | 12 Months Ended
--- | ---
Dec. 31, 2022
Comprehensive Income [Abstract] |
COMPREHENSIVE INCOME | COMPREHENSIVE INCOME/(LOSS) The Company follows Financial Accounting Standards Board (“FASB”) authoritative guidance for reporting and presentation of comprehensive income or loss and its components. Other comprehensive income (loss) is derived from adjustments that reflect pension adjustments, natural gas swap adjustments, corn option adjustments, soybean meal forward adjustments, foreign exchange forward and option adjustments, heating oil swap adjustments and foreign currency translation adjustments. In fiscal 2022, fiscal 2021 and fiscal 2020, the Company's DGD Joint Venture entered into heating oil derivatives that were deemed to be cash flow hedges. As a result, the Company has accrued the other comprehensive income/(loss) portion belonging to Darling with an offset to the investment in DGD as required by FASB ASC Topic 323. The components of other comprehensive income/(loss) and the related tax impacts for the years ended December 31, 2022, January 1, 2022 and January 2, 2021 are as follows (in thousands):
| Before-Tax |  | Tax (Expense) |  | Net-of-Tax
| Amount |  | or Benefit |  | Amount
Year Ended January 2, 2021 |  |  |  |  |
Defined Benefit Pension Plans |  |  |  |  |
Actuarial (loss)/gain recognized | $ | (9,470) |  |  | $ | 2,547 |  |  | $ | (6,923) |
Amortization of actuarial gain/(loss) | 3,405 |  |  | (862) |  |  | 2,543 |
Amortization of prior service costs | 33 |  |  | (8) |  |  | 25 |
Amortization of curtailment | 69 |  |  | (15) |  |  | 54 |
Amortization of settlement | (30) |  |  | 7 |  |  | (23) |
Other | 11 |  |  | — |  |  | 11 |
Total defined benefit pension plans | (5,982) |  |  | 1,669 |  |  | (4,313) |
Soybean meal option derivatives |  |  |  |  |
Reclassified to earnings | 49 |  |  | (12) |  |  | 37 |
Activity recognized in other comprehensive income (loss) | 349 |  |  | (89) |  |  | 260 |
Total soybean meal derivatives | 398 |  |  | (101) |  |  | 297 |
Heating oil swap derivatives |  |  |  |  |
Activity recognized in other comprehensive income (loss) | 1,457 |  |  | (353) |  |  | 1,104 |
Total heating oil derivatives | 1,457 |  |  | (353) |  |  | 1,104 |
Corn option derivatives |  |  |  |  |
Reclassified to earnings | 123 |  |  | (31) |  |  | 92 |
Activity recognized in other comprehensive income (loss) | (7,803) |  |  | 1,980 |  |  | (5,823) |
Total corn options | (7,680) |  |  | 1,949 |  |  | (5,731) |
Foreign exchange derivatives |  |  |  |  |
Reclassified to earnings | (13,809) |  |  | 5,114 |  |  | (8,695) |
Activity recognized in other comprehensive income (loss) | 24,325 |  |  | (9,009) |  |  | 15,316 |
Total foreign exchange derivatives | 10,516 |  |  | (3,895) |  |  | 6,621 |
Foreign currency translation | 73,845 |  |  | (3,525) |  |  | 70,320 |
Other comprehensive income/(loss) | $ | 72,554 |  |  | $ | (4,256) |  |  | $ | 68,298 |
Year Ended January 1, 2022 |  |  |  |  |
Defined Benefit Pension Plans |  |  |  |  |
Actuarial (loss)/gain recognized | $ | 12,415 |  |  | $ | (3,185) |  |  | $ | 9,230 |
Amortization of actuarial gain/(loss) | 4,228 |  |  | (978) |  |  | 3,250 |
Amortization of prior service costs | 25 |  |  | (3) |  |  | 22 |
Amortization of settlement | 210 |  |  | (27) |  |  | 183 |
Other | (16) |  |  | — |  |  | (16) |
Total defined benefit pension plans | 16,862 |  |  | (4,193) |  |  | 12,669 |
Soybean meal option derivatives |  |  |  |  |
Reclassified to earnings | (274) |  |  | 70 |  |  | (204) |
Activity recognized in other comprehensive income (loss) | 85 |  |  | (22) |  |  | 63 |
Total soybean meal derivatives | (189) |  |  | 48 |  |  | (141) |
Heating oil swap derivatives |  |  |  |  |
Activity recognized in other comprehensive income (loss) | 1,199 |  |  | (305) |  |  | 894 |
Total heating oil derivatives | 1,199 |  |  | (305) |  |  | 894 |
Corn option derivatives |  |  |  |  |
Reclassified to earnings | 17,005 |  |  | (4,319) |  |  | 12,686 |
Activity recognized in other comprehensive income (loss) | (14,541) |  |  | 3,693 |  |  | (10,848) |
Total corn options | 2,464 |  |  | (626) |  |  | 1,838 |
Foreign exchange derivatives |  |  |  |  |
Reclassified to earnings | (2,333) |  |  | 826 |  |  | (1,507) |
Activity recognized in other comprehensive income (loss) | (6,694) |  |  | 2,368 |  |  | (4,326) |
Total foreign exchange derivatives | (9,027) |  |  | 3,194 |  |  | (5,833) |
Foreign currency translation | (77,287) |  |  | 3,068 |  |  | (74,219) |
Other comprehensive income/(loss) | $ | (65,978) |  |  | $ | 1,186 |  |  | $ | (64,792) |
Year Ended December 31, 2022 |  |  |  |  |
Defined Benefit Pension Plans |  |  |  |  |
Actuarial gain/(loss) recognized | $ | 9,884 |  |  | $ | (2,645) |  |  | $ | 7,239 |
Amortization of actuarial gain/(loss) | 2,235 |  |  | (584) |  |  | 1,651 |
Amortization of prior service costs | 22 |  |  | (5) |  |  | 17 |
Amortization of settlement | (22) |  |  | 5 |  |  | (17) |
Special termination benefits recognized | 38 |  |  | (10) |  |  | 28 |
Other | 48 |  |  | — |  |  | 48 |
Total defined benefit pension plans | 12,205 |  |  | (3,239) |  |  | 8,966 |
Soybean meal option derivatives |  |  |  |  |
Reclassified to earnings | (521) |  |  | 132 |  |  | (389) |
Activity recognized in other comprehensive income (loss) | 975 |  |  | (247) |  |  | 728 |
Total soybean meal derivatives | 454 |  |  | (115) |  |  | 339 |
Heating oil swap derivatives |  |  |  |  |
Activity recognized in other comprehensive income (loss) | (3,294) |  |  | 836 |  |  | (2,458) |
Total heating oil derivatives | (3,294) |  |  | 836 |  |  | (2,458) |
Corn option derivatives |  |  |  |  |
Reclassified to earnings | 15,408 |  |  | (3,914) |  |  | 11,494 |
Activity recognized in other comprehensive income (loss) | (10,653) |  |  | 2,706 |  |  | (7,947) |
Total corn options | 4,755 |  |  | (1,208) |  |  | 3,547 |
Foreign exchange derivatives |  |  |  |  |
Reclassified to earnings | (14,549) |  |  | 4,737 |  |  | (9,812) |
Activity recognized in other comprehensive income (loss) | 32,644 |  |  | (10,628) |  |  | 22,016 |
Total foreign exchange derivatives | 18,095 |  |  | (5,891) |  |  | 12,204 |
Foreign currency translation | (89,686) |  |  | 1,830 |  |  | (87,856) |
Other comprehensive income/(loss) | $ | (57,471) |  |  | $ | (7,787) |  |  | $ | (65,258) |
| Fiscal Year Ended |
| December 31, 2022 | January 1, 2022 | January 2, 2021 | Statement of Operations Classification
Derivative instruments |  |  |  |
Soybean meal option derivatives | $ | 521 |  | $ | 274 |  | $ | (49) |  | Net sales
Foreign Exchange derivatives | 14,549 |  | 2,333 |  | 13,809 |  | Net sales
Corn option derivatives | (15,408) |  | (17,005) |  | (123) |  | Cost of sales and operating expenses
| (338) |  | (14,398) |  | 13,637 |  | Total before tax
| (955) |  | 3,423 |  | (5,071) |  | Income taxes
| (1,293) |  | (10,975) |  | 8,566 |  | Net of tax
Defined benefit pension plans |  |  |  |
Amortization of prior service cost | $ | (22) |  | $ | (25) |  | $ | (33) |  | (a)
Amortization of actuarial loss | (2,235) |  | (4,228) |  | (3,405) |  | (a)
Amortization of curtailment | — |  | — |  | (69) |  | (a)
Amortization of settlement | 22 |  | (210) |  | 30 |  | (a)
Special termination benefits recognized | (38) |  | — |  | — |  | (a)
| (2,273) |  | (4,463) |  | (3,477) |  | Total before tax
| 594 |  | 1,008 |  | 878 |  | Income taxes
| (1,679) |  | (3,455) |  | (2,599) |  | Net of tax
Total reclassifications | $ | (2,972) |  | $ | (14,430) |  | $ | 5,967 |  | Net of tax
(a)These items are included in the computation of net periodic pension cost. See Note 15 Employee Benefit Plans for additional information. The following table presents changes in each component of accumulated comprehensive loss as of December 31, 2022 as follows (in thousands):
|  | Fiscal Year Ended December 31, 2022
|  | Foreign Currency | Derivative | Defined Benefit |
|  | Translation | Instruments | Pension Plans | Total
Accumulated Other Comprehensive loss January 1, 2022, attributable to Darling, net of tax |  | $ | (289,586) |  | $ | (6,456) |  | $ | (25,648) |  | $ | (321,690) |
Other comprehensive loss before reclassifications |  | (87,856) |  | 12,339 |  | 7,287 |  | (68,230) |
Amounts reclassified from accumulated other comprehensive income |  | — |  | 1,293 |  | 1,679 |  | 2,972 |
Net current-period other comprehensive income/(loss) |  | (87,856) |  | 13,632 |  | 8,966 |  | (65,258) |
Noncontrolling interest |  | (3,074) |  | — |  | — |  | (3,074) |
Accumulated Other Comprehensive loss December 31, 2022, attributable to Darling, net of tax |  | $ | (374,368) |  | $ | 7,176 |  | $ | (16,682) |  | $ | (383,874) |

X
- Definition Note 11. Comprehensive Income [Abstract] + References No definition available. + Details
Name: | dar_ComprehensiveIncomeAbstract
Namespace Prefix: | dar_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -URI https://asc.fasb.org/topic&trid=2134417 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -URI https://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -URI https://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263 + Details
Name: | us-gaap_ComprehensiveIncomeNoteTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration