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Business Segments | 12 Months Ended
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Dec. 30, 2023
Segment Reporting [Abstract] |
BUSINESS SEGMENTS | BUSINESS SEGMENTS The Company sells its products domestically and internationally and operates within three industry segments: Feed Ingredients, Food Ingredients and Fuel Ingredients. The measure of segment profit (loss) includes all revenues, operating expenses (excluding certain amortization of intangibles), and selling, general and administrative expenses incurred at all operating locations and excludes general corporate expenses. Included in corporate activities are general corporate expenses and the amortization of intangibles. Assets of corporate activities include cash, unallocated prepaid expenses, deferred tax assets, prepaid pension, and miscellaneous other assets. Feed Ingredients Feed Ingredients consists principally of (i) the Company’s U.S. ingredients business, including the Company’s fats and proteins, used cooking oil, trap grease, the Company’s Canada ingredients business, and the ingredients and specialty products businesses conducted by Darling Ingredients International under the Sonac and FASA names (proteins, fats, and blood products) and (ii) the Company’s bakery residuals business. Feed Ingredients operations process animal by-products and used cooking oil into fats, proteins and hides. Food Ingredients Food Ingredients consists principally of (i) the collagen business conducted by Darling Ingredients International under the Rousselot and Gelnex names, (ii) the natural casings and meat-by-products business conducted by Darling Ingredients International under the CTH name and (iii) certain specialty products businesses conducted by Darling Ingredients International under the Sonac name. Fuel Ingredients The Company’s Fuel Ingredients segment consists of (i) the Company’s investment in the DGD Joint Venture and (ii) the bioenergy business conducted by Darling Ingredients International under the Ecoson and Rendac names. Business Segments (in thousands):
| Feed Ingredients | Food Ingredients | Fuel Ingredients | Corporate | Total
Fiscal Year Ended December 30, 2023 |  |  |  |  |
Net Sales | $ | 4,472,592 |  | $ | 1,752,065 |  | $ | 563,423 |  | $ | — |  | $ | 6,788,080 |
Cost of sales and operating expenses | 3,385,859 |  | 1,310,581 |  | 446,620 |  | — |  | 5,143,060 |
Gross Margin | 1,086,733 |  | 441,484 |  | 116,803 |  | — |  | 1,645,020 |
Loss/(gain) on sale of assets | 814 |  | (8,144) |  | (91) |  | — |  | (7,421) |
Selling, general and administrative expenses | 310,363 |  | 128,464 |  | 23,543 |  | 80,164 |  | 542,534 |
Restructuring and asset impairment charges | 4,026 |  | 14,527 |  | — |  | — |  | 18,553 |
Depreciation and amortization | 360,249 |  | 94,991 |  | 34,466 |  | 12,309 |  | 502,015 |
Acquisition and integration costs | — |  | — |  | — |  | 13,884 |  | 13,884 |
Change in fair value of contingent consideration | (7,891) |  | — |  | — |  | — |  | (7,891) |
Equity in net income of Diamond Green Diesel | — |  | — |  | 366,380 |  | — |  | 366,380 |
Segment operating income/(loss) | 419,172 |  | 211,646 |  | 425,265 |  | (106,357) |  | 949,726 |
Equity in net income of other unconsolidated subsidiaries | 5,011 |  | — |  | — |  | — |  | 5,011 |
Segment income/(loss) | 424,183 |  | 211,646 |  | 425,265 |  | (106,357) |  | 954,737 |
Total other expense |  |  |  |  | (234,780) |
Income before income taxes |  |  |  |  | $ | 719,957 |
Segment assets at December 30, 2023 | $ | 4,702,593 |  | $ | 2,646,702 |  | $ | 2,589,145 |  | $ | 1,122,644 |  | $ | 11,061,084 |
| Feed Ingredients | Food Ingredients | Fuel Ingredients | Corporate | Total
Fiscal Year Ended December 31, 2022 |  |  |  |  |
Net Sales | $ | 4,539,000 |  | $ | 1,459,630 |  | $ | 533,574 |  | $ | — |  | $ | 6,532,204 |
Cost of sales and operating expenses | 3,473,506 |  | 1,102,250 |  | 426,853 |  | — |  | 5,002,609 |
Gross Margin | 1,065,494 |  | 357,380 |  | 106,721 |  | — |  | 1,529,595 |
Gain on sale of assets | (3,426) |  | (1,008) |  | (60) |  | — |  | (4,494) |
Selling, general and administrative expenses | 258,781 |  | 101,681 |  | 13,690 |  | 62,456 |  | 436,608 |
Restructuring and asset impairment charges | 8,557 |  | 21,109 |  | — |  | — |  | 29,666 |
Depreciation and amortization | 295,249 |  | 59,029 |  | 29,500 |  | 10,943 |  | 394,721 |
Acquisition and integration costs | — |  | — |  | — |  | 16,372 |  | 16,372 |
Equity in net income of Diamond Green Diesel | — |  | — |  | 372,346 |  | — |  | 372,346 |
Segment operating income/(loss) | 506,333 |  | 176,569 |  | 435,937 |  | (89,771) |  | 1,029,068 |
Equity in net income of other unconsolidated subsidiaries | 5,102 |  | — |  | — |  | — |  | 5,102 |
Segment income/(loss) | 511,435 |  | 176,569 |  | 435,937 |  | (89,771) |  | 1,034,170 |
Total other expense |  |  |  |  | (140,452) |
Income before income taxes |  |  |  |  | $ | 893,718 |
Segment assets at December 31, 2022 | $ | 4,866,351 |  | $ | 1,251,473 |  | $ | 2,307,199 |  | $ | 777,347 |  | $ | 9,202,370 |
| Feed Ingredients | Food Ingredients | Fuel Ingredients | Corporate | Total
Fiscal Year Ended January 1, 2022 |  |  |  |  |
Net Sales | $ | 3,039,500 |  | $ | 1,271,629 |  | $ | 430,240 |  | $ | — |  | $ | 4,741,369 |
Cost of sales and operating expenses | 2,206,248 |  | 979,232 |  | 313,905 |  | — |  | 3,499,385 |
Gross Margin | 833,252 |  | 292,397 |  | 116,335 |  | — |  | 1,241,984 |
Gain on sale of assets | (550) |  | (88) |  | (320) |  | — |  | (958) |
Selling, general and administrative expenses | 220,078 |  | 97,555 |  | 16,999 |  | 56,906 |  | 391,538 |
Restructuring and asset impairment charges | — |  | — |  | 778 |  | — |  | 778 |
Acquisition costs | — |  | — |  | — |  | 1,396 |  | 1,396 |
Depreciation and amortization | 218,942 |  | 60,929 |  | 25,436 |  | 11,080 |  | 316,387 |
Equity in net income of Diamond Green Diesel | — |  | — |  | 351,627 |  | — |  | 351,627 |
Segment operating income/(loss) | 394,782 |  | 134,001 |  | 425,069 |  | (69,382) |  | 884,470 |
Equity in net income of other unconsolidated subsidiaries | 5,753 |  | — |  | — |  | — |  | 5,753 |
Segment income/(loss) | 400,535 |  | 134,001 |  | 425,069 |  | (69,382) |  | 890,223 |
Total other expense |  |  |  |  | (68,827) |
Income before income taxes |  |  |  |  | $ | 821,396 |
Business Segment Property, Plant and Equipment (in thousands):
| December 30, 2023 |  | December 31, 2022 |  | January 1, 2022
Capital expenditures for the year ended: |  |  |  |  |
Feed Ingredients | $ | 413,831 |  |  | $ | 270,157 |  |  | $ | 187,445 |
Food Ingredients | 92,704 |  |  | 72,301 |  |  | 54,799 |
Fuel Ingredients | 39,053 |  |  | 37,568 |  |  | 26,078 |
Corporate Activities | 9,892 |  |  | 11,283 |  |  | 5,804 |
Total (a) | $ | 555,480 |  |  | $ | 391,309 |  |  | $ | 274,126 |
(a) Excludes capital assets acquired by acquisition in fiscal 2023 and fiscal 2022 of approximately $155.5 million and $588.8 million, respectively. Long-lived assets related to the Company’s operations in North America, Europe, China, South American and other were as follows (in thousands):
| FY 2023 | FY 2022
| Long-Lived Assets | Long-Lived Assets
North America | $ | 5,667,606 |  | $ | 5,229,906 |
Europe | 1,329,466 |  | 1,276,333 |
China | 116,698 |  | 120,801 |
South America | 2,072,840 |  | 920,827 |
Other | 18,808 |  | 16,406 |
Total | $ | 9,205,418 |  | $ | 7,564,273 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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