REPORTABLE SEGMENTS (Tables)

3 Months Ended

Mar. 28, 2021

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Additional information regarding reportable segments is as follows:

	Three Months Ended
	March 28, 2021(a)		March 29, 2020(b)
Net sales
U.S.	$	1,999,559	$	1,926,880
U.K. and Europe	854,734		822,262
Mexico	419,132		325,786
Total	$	3,273,425	$	3,074,928

(a)For the three months ended March 28, 2021, the U.S. reportable segment had intercompany sales to the Mexico reportable segment of $68.1 million. These sales consisted of fresh products and grain.

(b)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.

	Three Months Ended
	March 28, 2021		March 29, 2020
	(In thousands)
Reportable segment profit (loss)
U.S.	$	68,125	$	85,052
U.K. and Europe	10,495		23,190
Mexico	79,830		(23,880)
Eliminations	14		24
Total operating income	158,464		84,386
Interest expense, net of capitalized interest	30,334		32,688
Interest income	(2,366)		(1,690)
Foreign currency transaction loss (gain)	2,514		(18,385)
Miscellaneous, net	(7,844)		(34,188)
Income before income taxes	135,826		105,961
Income tax expense	35,358		38,512
Net income	$	100,468	$	67,449

	March 28, 2021		December 27, 2020
	(In thousands)
Total assets
U.S.	$	5,265,188	$	5,189,021
U.K. and Europe	3,044,968		3,034,219
Mexico	1,132,460		1,212,428
Eliminations	(1,961,855)		(1,961,171)
Total assets	$	7,480,761	$	7,474,497

	March 28, 2021		December 27, 2020
	(In thousands)
Long-lived assets(a)
U.S.	$	1,843,425	$	1,815,460
U.K. and Europe	837,729		842,049
Mexico	284,780		292,651
Eliminations	(3,770)		(3,783)
Total long-lived assets	$	2,962,164	$	2,946,377

(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.