SEGMENT REPORTING (Tables)

3 Months Ended

Mar. 29, 2020

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Additional information regarding reportable segments is as follows:

	Three Months Ended
	March 29, 2020(a)		March 31, 2019(b)
	(In thousands)
Net sales:
U.S.	$	1,926,880	$	1,883,591
U.K. and Europe	822,262		514,962
Mexico	325,786		326,122
Total	$	3,074,928	$	2,724,675

(a)For the three months ended March 29, 2020, the U.S. reportable segment had intercompany sales to the Mexico reportable segment of $56.6 million. These sales consisted of fresh products, prepared products, and grain.

(b)For the three months ended March 31 2019, the U.S. reportable segment had intercompany sales to the Mexico reportable segment of $34.5 million. These sales consisted of fresh products, prepared products, and grain.

	Three Months Ended
	March 29, 2020		March 31, 2019
	(In thousands)
Reportable segment profit:
U.S.	$	85,052	$	114,840
U.K. and Europe	23,190		12,714
Mexico	(23,880)		9,464
Eliminations	24		24
Total operating income	84,386		137,042
Interest expense, net of capitalized interest	32,688		33,562
Interest income	(1,690)		(3,340)
Foreign currency transaction loss (gain)	(18,385)		2,636
Miscellaneous, net	(34,188)		(357)
Income before income taxes	105,961		104,541
Income tax expense	38,512		20,416
Net income	$	67,449	$	84,125

	March 29, 2020		December 29, 2019
	(In thousands)
Total assets:
U.S.	$	5,539,187	$	5,207,282
U.K. and Europe	2,694,024		2,824,382
Mexico	978,970		1,020,331
Eliminations	(1,960,199)		(1,949,631)
Total assets	$	7,251,982	$	7,102,364

	March 29, 2020		December 29, 2019
	(In thousands)
Long-lived assets(a):
U.S.	$	1,791,303	$	1,789,530
U.K. and Europe	760,211		801,887
Mexico	302,118		306,413
Eliminations	(4,232)		(4,256)
Total long-lived assets	$	2,849,400	$	2,893,574

(a)For this disclosure, we exclude financial instruments, deferred tax assets and intangible assets in accordance with ASC 280-10-50-41, Segment Reporting. Long-lived assets, as used in ASC 280-10-50-41, implies hard assets that cannot be readily removed.