XML 42 R30.htm IDEA: XBRL DOCUMENT v3.24.3
REVENUE RECOGNITION (Tables)
9 Months Ended
Sep. 29, 2024
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregated Revenue
Revenue has been disaggregated into the categories below to show how economic factors affect the nature, amount, timing and uncertainty of revenue and cash flows:
Three Months Ended September 29, 2024
(In thousands)
FreshPreparedExportOtherTotal
U.S.$2,287,016 $288,539 $121,838 $75,998 $2,773,391 
Europe312,086 847,480 123,718 24,843 1,308,127 
Mexico425,089 50,968 — 27,404 503,461 
Total net sales$3,024,191 $1,186,987 $245,556 $128,245 $4,584,979 
Three Months Ended September 24, 2023
(In thousands)
FreshPreparedExportOtherTotal
U.S.$2,020,480 $241,933 $129,624 $96,280 $2,488,317 
Europe267,748 888,299 114,768 41,390 1,312,205 
Mexico479,100 53,126 — 27,448 559,674 
Total net sales$2,767,328 $1,183,358 $244,392 $165,118 $4,360,196 
Nine Months Ended September 29, 2024
(In thousands)
FreshPreparedExportOtherTotal
U.S.$6,602,557 $811,854 $350,600 $251,677 $8,016,688 
Europe869,890 2,569,788 351,473 86,420 3,877,571 
Mexico1,363,962 162,563 — 85,443 1,611,968 
Total net sales$8,836,409 $3,544,205 $702,073 $423,540 $13,506,227 
Nine Months Ended September 24, 2023
(In thousands)
FreshPreparedExportOtherTotal
U.S.$5,956,474 $708,389 $397,397 $304,833 $7,367,093 
Europe813,118 2,598,748 349,492 100,861 3,862,219 
Mexico1,364,761 149,330 — 90,512 1,604,603 
Total net sales$8,134,353 $3,456,467 $746,889 $496,206 $12,833,915 

Additional disaggregation of revenue by sales channel is provided below:
Three Months Ended September 29, 2024
(In thousands)
RetailFoodserviceExportOtherTotal
U.S.$1,464,948 $1,083,508 $121,838 $103,097 $2,773,391 
Europe831,869 207,757 123,718 144,783 1,308,127 
Mexico(a)
129,294 234,954 — 139,213 503,461 
Total net sales$2,426,111 $1,526,219 $245,556 $387,093 $4,584,979 
Three Months Ended September 24, 2023
(In thousands)
RetailFoodserviceExportOtherTotal
U.S.$1,257,026 $973,493 $129,624 $128,174 $2,488,317 
Europe803,971 231,774 114,768 161,692 1,312,205 
Mexico(a)
134,067 265,011 — 160,596 559,674 
Total net sales$2,195,064 $1,470,278 $244,392 $450,462 $4,360,196 
Nine Months Ended September 29, 2024
(In thousands)
RetailFoodserviceExportOtherTotal
U.S.$4,253,747 $3,082,396 $350,600 $329,945 $8,016,688 
Europe2,465,912 639,384 351,473 420,802 3,877,571 
Mexico(a)
401,794 752,210 — 457,964 1,611,968 
Total net sales$7,121,453 $4,473,990 $702,073 $1,208,711 $13,506,227 
Nine Months Ended September 24 2023
(In thousands)
RetailFoodserviceExportOtherTotal
U.S.$3,730,554 $2,826,967 $397,397 $412,175 $7,367,093 
Europe2,389,647 685,781 349,492 437,299 3,862,219 
Mexico(a)
358,486 777,498 — 468,619 1,604,603 
Total net sales$6,478,687 $4,290,246 $746,889 $1,318,093 $12,833,915 
(a)Included in Mexico foodservice channel are sales to wholesale public meat markets that typically sell product on to foodservice customers. Included in Mexico other channel are sales to live chicken markets.
Schedule of Changes in Revenue Contract Liability
Changes in the revenue contract liabilities balance are as follows (in thousands):
Balance as of December 31, 2023$84,958 
Revenue recognized(82,047)
Cash received, excluding amounts recognized as revenue during the period82,218 
Balance as of September 29, 2024$85,129