PUERTO RICO HURRICANE IMPACT

12 Months Ended

Dec. 29, 2019

Unusual or Infrequent Items, or Both [Abstract]

PUERTO RICO HURRICANE IMPACT

PUERTO RICO HURRICANE IMPACT

Hurricane Maria became the strongest storm to make landfall in Puerto Rico in 85 years when it came ashore on September 20, 2017. The Company suffered significant damage because of the storm. Pilgrim’s lost 2.1 million birds on the island, many of the Company’s contract growers lost their poultry houses, and the Company incurred damage at its processing plant, feed mill and hatchery.

Estimated damages incurred by the Company through December 30, 2018 included property and casualty losses related to its facilities totaling $5.2 million and a business interruption loss totaling $15.1 million, resulting primarily from damages suffered by its contract growers and damage to the island’s roadways and power grid. These losses, which were recognized by the U.S. reportable segment, are included in Cost of sales on the Consolidated and Combined Statements of Income.