XML 64 R50.htm IDEA: XBRL DOCUMENT v3.20.4
RELATED PARTY TRANSACTIONS (Tables)
 12 Months Ended
Dec. 27, 2020
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions Pilgrim's has been and, in some cases, continues to be a party to certain transactions with affiliated companies.
Year Ended
December 27, 2020December 29, 2019December 30, 2018
(In thousands)
Sales to related parties:
JBS USA Food Company(a)
$14,228 $14,108 $13,843 
JBS Five Rivers— — 7,096 
JBS Global (UK) Ltd.— 141 — 
JBS Chile Ltda.225 482 60 
Combo, Mercado de Congelados887 207 159 
JBS Australia Pty. Ltd.2,540 — — 
Total sales to related parties$17,880 $14,938 $21,158 
Year Ended
December 27, 2020December 29, 2019December 30, 2018
(In thousands)
Cost of goods purchased from related parties:
JBS USA Food Company(a)
$142,615 $134,790 $117,596 
Seara Meats B.V.8,138 22,797 36,223 
JBS Aves Ltda.— — 1,123 
JBS Toledo NV155 307 445 
JBS Global (UK) Ltd.674 170 21 
Total cost of goods purchased from related parties$151,582 $158,064 $155,408 
Year Ended
December 27, 2020December 29, 2019December 30, 2018
(In thousands)
Expenditures paid by related parties:
JBS USA Food Company(b)
$39,025 $32,161 $62,189 
JBS Chile Ltda.— 6 33 
Seara Food Europe Holdings9 77 — 
Total expenditures paid by related parties$39,034 $32,244 $62,222 
Year Ended
December 27, 2020December 29, 2019December 30, 2018
(In thousands)
Expenditures paid on behalf of related parties:
JBS USA Food Company(b)
$16,266 $9,103 $9,192 
JBS S.A.— — 170 
Seara International Ltd.— — 45 
Total expenditures paid on behalf of related parties$16,266 $9,103 $9,407 
Year Ended
December 27, 2020December 29, 2019December 30, 2018
(In thousands)
Other related party transactions:
Capital distribution under tax sharing agreement (c)
$650 $— $525 
Total other related party transactions$650 $— $525 
December 27, 2020December 29, 2019
(In thousands)
Accounts receivable from related parties:
JBS USA Food Company(a)
$714 $643 
JBS Chile Ltda.— 301 
JBS Australia Pty. Ltd.370 — 
Total accounts receivable from related parties$1,084 $944 
December 27, 2020December 29, 2019
(In thousands)
Accounts payable to related parties:
JBS USA Food Company(a)
$8,562 $2,826 
JBS Global UK Ltd.5 5 
Seara Meats B.V.1,075 988 
JBS Chile Ltda.8 — 
Total accounts payable to related parties$9,650 $3,819 
(a)    The Company routinely execute transactions to both purchase products from JBS USA Food Company (“JBS USA”) and sell products to them. As of December 27, 2020, approximately $1.5 million of goods from JBS USA were in transit and not reflected on our Consolidated Balance Sheets.
(b)    The Company has an agreement with JBS USA to allocate costs associated with JBS USA’s procurement of SAP licenses and maintenance services for both companies. Under this agreement, the fees associated with procuring SAP licenses and maintenance services are allocated between the Company and JBS USA in proportion to the percentage of licenses used by each company. The agreement expires on the date of expiration, or earlier termination, of the underlying SAP license agreement. The Company also has an agreement with JBS USA to allocate the costs of supporting the business operations by one consolidated corporate team, which have historically been supported by their respective corporate teams. Expenditures paid by JBS USA on behalf of the Company will be reimbursed by the Company and expenditures paid by the Company on behalf of JBS USA will be reimbursed by JBS USA. This agreement expires on December 31, 2021.
(c)    The Company entered into a tax sharing agreement during 2014 with JBS USA Holdings effective for tax years starting in 2010. The net tax payable for tax year 2020 was accrued in 2020 and will be paid in 2021. The net tax payable for tax year 2018 was accrued in 2018 and was paid in 2019.