SEGMENT REPORTING (Tables)

6 Months Ended

Jun. 28, 2020

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Additional information regarding reportable segments is as follows:

	Three Months Ended				Six Months Ended
	June 28, 2020(a)		June 30, 2019(b)		June 28, 2020(c)		June 30, 2019(d)
	(In thousands)
Net sales:
U.S.	$	1,798,689	$	1,916,954	$	3,725,569	$	3,800,544
U.K. and Europe	757,201		535,902		1,579,463		1,050,865
Mexico	268,133		390,229		593,919		716,351
Total	$	2,824,023	$	2,843,085	$	5,898,951	$	5,567,760

(a)For the three months ended June 28, 2020, the U.S. reportable segment had intercompany sales to the Mexico reportable segment of $57.1 million. These sales consisted of fresh products, prepared products, and grain.

(b)For the three months ended June 30 2019, the U.S. reportable segment had intercompany sales to the Mexico reportable segment of $31.6 million. These sales consisted of fresh products, prepared products, and grain.

(c)For the six months ended June 28, 2020, the U.S. reportable segment had intercompany sales to the Mexico reportable segment of $113.7 million. These sales consisted of fresh products, prepared products, and grain.

(d)For the six months ended June 30 2019, the U.S. reportable segment had intercompany sales to the Mexico reportable segment of $66.0 million. These sales consisted of fresh products, prepared products, and grain.

	Three Months Ended				Six Months Ended
	June 28, 2020		June 30, 2019		June 28, 2020		June 30, 2019
	(In thousands)
Reportable segment profit:
U.S.	$	39,448	$	186,960	$	124,500	$	301,800
U.K. and Europe	23,185		24,194		46,375		36,908
Mexico	(35,544)		68,372		(59,424)		77,836
Eliminations	200		24		224		48
Total operating income	27,289		279,550		111,675		416,592
Interest expense, net of capitalized interest	32,323		33,594		65,011		67,156
Interest income	(1,158)		(3,444)		(2,848)		(6,784)
Foreign currency transaction loss (gain)	5,525		2,260		(12,860)		4,896
Miscellaneous, net	(45)		1,513		(34,233)		1,156
Income (loss) before income taxes	(9,356)		245,627		96,605		350,168
Income tax expense (benefit)	(2,956)		75,547		35,556		95,963
Net income (loss)	$	(6,400)	$	170,080	$	61,049	$	254,205

	June 28, 2020		December 29, 2019
	(In thousands)
Total assets:
U.S.	$	5,437,311	$	5,207,282
U.K. and Europe	2,681,166		2,824,382
Mexico	1,007,635		1,020,331
Eliminations	(1,969,531)		(1,949,631)
Total assets	$	7,156,581	$	7,102,364

	June 28, 2020		December 29, 2019
	(In thousands)
Long-lived assets(a):
U.S.	$	1,785,150	$	1,789,530
U.K. and Europe	750,977		801,887
Mexico	298,988		306,413
Eliminations	(4,032)		(4,256)
Total long-lived assets	$	2,831,083	$	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.