XML 30 R20.htm IDEA: XBRL DOCUMENT
v3.25.2

Other Comprehensive Income | 6 Months Ended
--- | ---
Jun. 28, 2025
Equity [Abstract] |
Other Comprehensive Income | Other Comprehensive Income/(Loss) The components of other comprehensive income/(loss) and the related tax impacts for the three and six months ended June 28, 2025 and June 29, 2024 are as follows (in thousands):
| Three Months Ended
| Before-Tax | Tax (Expense) | Net-of-Tax
| Amount | or Benefit | Amount
| June 28, 2025 | June 29, 2024 | June 28, 2025 | June 29, 2024 | June 28, 2025 | June 29, 2024
Defined benefit pension plans |  |  |  |  |  |
Actuarial gain recognized | $ | 50 |  | $ | — |  | $ | (12) |  | $ | — |  | $ | 38 |  | $ | — |
Amortization of prior service (cost)/benefit | (2) |  | (6) |  | 1 |  | 2 |  | (1) |  | (4) |
Amortization of actuarial loss | 207 |  | 349 |  | (49) |  | (83) |  | 158 |  | 266 |
Amortization of settlement | 5,854 |  | — |  | (1,423) |  | — |  | 4,431 |  | — |
Total defined benefit pension plans | 6,109 |  | 343 |  | (1,483) |  | (81) |  | 4,626 |  | 262 |
Corn option derivatives |  |  |  |  |  |
Reclassified to earnings | 18 |  | — |  | (5) |  | — |  | 13 |  | — |
Activity recognized in other comprehensive income/(loss) | (4) |  | 1,404 |  | 2 |  | (341) |  | (2) |  | 1,063 |
Total corn option derivatives | 14 |  | 1,404 |  | (3) |  | (341) |  | 11 |  | 1,063 |
Heating oil derivatives at DGD (Note 15) |  |  |  |  |  |
Activity recognized in other comprehensive income/(loss) | (1,218) |  | (4,507) |  | 296 |  | 1,095 |  | (922) |  | (3,412) |
Total heating oil derivatives | (1,218) |  | (4,507) |  | 296 |  | 1,095 |  | (922) |  | (3,412) |
Interest swap derivatives |  |  |  |  |  |
Reclassified to earnings | (4,476) |  | (9,305) |  | 1,087 |  | 2,261 |  | (3,389) |  | (7,044) |
Activity recognized in other comprehensive income/(loss) | 424 |  | 5,026 |  | (102) |  | (1,222) |  | 322 |  | 3,804 |
Total interest swap derivatives | (4,052) |  | (4,279) |  | 985 |  | 1,039 |  | (3,067) |  | (3,240) |
Foreign exchange derivatives |  |  |  |  |  |
Reclassified to earnings | (851) |  | (1,399) |  | 291 |  | 462 |  | (560) |  | (937) |
Activity recognized in other comprehensive income/(loss) | 19,063 |  | (27,004) |  | (6,469) |  | 9,152 |  | 12,594 |  | (17,852) |
Total foreign exchange derivatives | 18,212 |  | (28,403) |  | (6,178) |  | 9,614 |  | 12,034 |  | (18,789) |
Foreign currency translation | 135,013 |  | (168,285) |  | (3,932) |  | 247 |  | 131,081 |  | (168,038) |
Other comprehensive income/(loss) | $ | 154,078 |  | $ | (203,727) |  | $ | (10,315) |  | $ | 11,573 |  | $ | 143,763 |  | $ | (192,154) |
| Six Months Ended
| Before-Tax | Tax (Expense) | Net-of-Tax
| Amount | or Benefit | Amount
| June 28, 2025 | June 29, 2024 | June 28, 2025 | June 29, 2024 | June 28, 2025 | June 29, 2024
Defined benefit pension plans |  |  |  |  |  |
Actuarial gain recognized | $ | 50 |  | $ | — |  | $ | (12) |  | $ | — |  | $ | 38 |  | $ | — |
Amortization of prior service (cost)/benefit | (4) |  | (12) |  | 2 |  | 5 |  | (2) |  | (7) |
Amortization of actuarial loss | 456 |  | 698 |  | (108) |  | (167) |  | 348 |  | 531 |
Amortization of settlement | 5,854 |  | — |  | (1,423) |  | — |  | 4,431 |  | — |
Total defined benefit pension plans | 6,356 |  | 686 |  | (1,541) |  | (162) |  | 4,815 |  | 524 |
Soybean meal option derivatives |  |  |  |  |  |
Reclassified to earnings | — |  | (33) |  | — |  | 8 |  | — |  | (25) |
Total soybean meal option derivatives | — |  | (33) |  | — |  | 8 |  | — |  | (25) |
Corn option derivatives |  |  |  |  |  |
Reclassified to earnings | 385 |  | — |  | (94) |  | — |  | 291 |  | — |
Activity recognized in other comprehensive income/(loss) | (257) |  | 1,404 |  | 63 |  | (341) |  | (194) |  | 1,063 |
Total corn option derivatives | 128 |  | 1,404 |  | (31) |  | (341) |  | 97 |  | 1,063 |
Heating oil derivatives at DGD (Note 15) |  |  |  |  |  |
Activity recognized in other comprehensive income/(loss) | 182 |  | (46,426) |  | (45) |  | 11,281 |  | 137 |  | (35,145) |
Total heating oil derivatives | 182 |  | (46,426) |  | (45) |  | 11,281 |  | 137 |  | (35,145) |
Interest swap derivatives |  |  |  |  |  |
Reclassified to earnings | 13,217 |  | (26,785) |  | (3,212) |  | 6,509 |  | 10,005 |  | (20,276) |
Activity recognized in other comprehensive income/(loss) | (18,900) |  | 27,891 |  | 4,593 |  | (6,778) |  | (14,307) |  | 21,113 |
Total interest swap derivatives | (5,683) |  | 1,106 |  | 1,381 |  | (269) |  | (4,302) |  | 837 |
Foreign exchange derivatives |  |  |  |  |  |
Reclassified to earnings | (4,513) |  | (7,395) |  | 1,523 |  | 2,508 |  | (2,990) |  | (4,887) |
Activity recognized in other comprehensive income/(loss) | 52,222 |  | (31,419) |  | (17,624) |  | 10,658 |  | 34,598 |  | (20,761) |
Total foreign exchange derivatives | 47,709 |  | (38,814) |  | (16,101) |  | 13,166 |  | 31,608 |  | (25,648) |
Foreign currency translation | 256,107 |  | (233,628) |  | (5,694) |  | 920 |  | 250,413 |  | (232,708) |
Other comprehensive income/(loss) | $ | 304,799 |  | $ | (315,705) |  | $ | (22,031) |  | $ | 24,603 |  | $ | 282,768 |  | $ | (291,102) |
The following table presents the amounts reclassified out of each component of other comprehensive income/(loss), net of tax, for the three and six months ended June 28, 2025 and June 29, 2024 as follows (in thousands):
| Three Months Ended | Six Months Ended |
| June 28, 2025 | June 29, 2024 | June 28, 2025 | June 29, 2024 | Statement of Operations Classification
Derivative instruments |  |  |  |  |
Soybean meal option derivatives | $ | — |  | $ | — |  | $ | — |  | $ | 33 |  | Net sales
Foreign exchange contracts | 851 |  | 1,399 |  | 4,513 |  | 7,395 |  | Net sales
Corn option derivatives | (18) |  | — |  | (385) |  | — |  | Cost of sales and operating expenses
Interest swaps | 4,476 |  | 9,305 |  | (13,217) |  | 26,785 |  | Foreign currency gain/(loss) and interest expense
| 5,309 |  | 10,704 |  | (9,089) |  | 34,213 |  | Total before tax
| (1,373) |  | (2,723) |  | 1,783 |  | (9,025) |  | Income taxes
| 3,936 |  | 7,981 |  | (7,306) |  | 25,188 |  | Net of tax
Defined benefit pension plans |  |  |  |  |
Amortization of prior service cost | $ | 2 |  | $ | 6 |  | $ | 4 |  | $ | 12 |  | (a)
Amortization of actuarial loss | (207) |  | (349) |  | (456) |  | (698) |  | (a)
Amortization of settlement | (5,854) |  | — |  | (5,854) |  | — |  | (a)
| (6,059) |  | (343) |  | (6,306) |  | (686) |  | Total before tax
| 1,471 |  | 81 |  | 1,529 |  | 162 |  | Income taxes
| (4,588) |  | (262) |  | (4,777) |  | (524) |  | Net of tax
Total reclassifications | $ | (652) |  | $ | 7,719 |  | $ | (12,083) |  | $ | 24,664 |  | Net of tax
(a)These items are included in the computation of net periodic pension cost. See Note 14 (Employee Benefit Plans) to the Company’s Consolidated Financial Statements included herein for additional information. The following table presents changes in each component of accumulated other comprehensive income/(loss) as of June 28, 2025 as follows (in thousands):
|  | Six Months Ended June 28, 2025
|  | Foreign |  |  | Defined |
|  | Currency | Derivative |  | Benefit |
|  | Translation | Instruments |  | Pension Plans | Total
Accumulated Other Comprehensive income/ (loss) December 28, 2024, attributable to Darling, net of tax |  | $ | (648,827) |  | $ | (23,825) |  |  | $ | (11,589) |  | $ | (684,241) |
Other comprehensive loss before reclassifications |  | 250,413 |  | 20,234 |  |  | 38 |  | 270,685 |
Amounts reclassified from accumulated other comprehensive income/ (loss) |  | — |  | 7,306 |  |  | 4,777 |  | 12,083 |
Net current-period other comprehensive income |  | 250,413 |  | 27,540 |  |  | 4,815 |  | 282,768 |
Noncontrolling interest |  | (5,211) |  | — |  |  | — |  | (5,211) |
Accumulated Other Comprehensive income/ (loss) June 28, 2025, attributable to Darling, net of tax |  | $ | (393,203) |  | $ | 3,715 |  |  | $ | (6,774) |  | $ | (396,262) |

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://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/220/tableOfContent + Details
Name: | us-gaap_ComprehensiveIncomeNoteTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration