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RELATED PARTY TRANSACTIONS
 12 Months Ended
Dec. 31, 2023
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS 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 31, 2023December 25, 2022December 26, 2021
(In thousands)
Sales to related parties
JBS USA Food Company(a)
$27,687 $24,224 $17,296 
JBS Australia Pty. Ltd.4,981 2,855 2,439 
Other related parties3,135 2,868 1,721 
Total sales to related parties$35,803 $29,947 $21,456 
Year Ended
December 31, 2023December 25, 2022December 26, 2021
(In thousands)
Cost of goods purchased from related parties
JBS USA Food Company(a)
$185,258 $156,452 $210,657 
Seara Meats B.V.28,828 44,364 4,722 
Penasul UK LTD13,932 13,516 6,697 
JBS Asia CO Limited4,953 7,762 5 
Other related parties7,168 1,476 1,054 
Total cost of goods purchased from related parties$240,139 $223,570 $223,135 
Year Ended
December 31, 2023December 25, 2022December 26, 2021
(In thousands)
Expenditures paid by related parties
JBS USA Food Company(b)
$156,439 $91,568 $97,713 
Other related parties15 97 13 
Total expenditures paid by related parties$156,454 $91,665 $97,726 
Year Ended
December 31, 2023December 25, 2022December 26, 2021
(In thousands)
Expenditures paid on behalf of related parties
JBS USA Food Company(b)
$22,734 $53,065 $42,951 
Other related parties5 5,514 — 
Total expenditures paid on behalf of related parties$22,739 $58,579 $42,951 
Year Ended
December 31, 2023December 25, 2022December 26, 2021
(In thousands)
Other related party transactions
Capital distribution (contribution) under tax sharing agreement (c)
$(1,425)$1,592 $1,961 
December 31, 2023December 25, 2022
(In thousands)
Accounts receivable from related parties
JBS USA Food Company(a)
$967 $2,062 
Seara Meats B.V.46 61 
Other related parties765 389 
Total accounts receivable from related parties$1,778 $2,512 
December 31, 2023December 25, 2022
(In thousands)
Accounts payable to related parties
JBS USA Food Company(a)
$34,038 $7,434 
JBS Asia Co Limited2,254 2,099 
Seara Meats B.V.2,252 1,565 
Penasul UK LTD2,187 940 
Other related parties523 117 
Total accounts payable to related parties$41,254 $12,155 
(a)The Company routinely execute transactions to both purchase products from JBS USA Food Company and sell products to them. As of December 31, 2023, approximately $0.2 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, 2024.
(c)The Company entered into a TSA during 2014 with JBS USA Holdings effective for tax years starting in 2010. The net tax receivable for tax year 2023 was recorded in 2023 and will be paid in 2024. The net tax payable for tax year 2022 was accrued in 2022 and was paid in 2023. The net tax payable for tax year 2021 was accrued in 2021 and was paid in 2022.