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REVENUE RECOGNITION (Tables)
6 Months Ended
Jun. 30, 2024
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregated Revenue
Revenue has been disaggregated into the categories below to show how economic factors affect the nature, amount, timing and uncertainty of revenue and cash flows:
Three Months Ended June 30, 2024
(In thousands)
FreshPreparedExportOtherTotal
U.S.$2,201,918 $254,325 $119,964 $87,758 $2,663,965 
Europe286,656 877,312 109,304 28,269 1,301,541 
Mexico508,721 56,075 — 29,012 593,808 
Total net sales$2,997,295 $1,187,712 $229,268 $145,039 $4,559,314 
Three Months Ended June 25, 2023
(In thousands)
FreshPreparedExportOtherTotal
U.S.$1,992,208 $221,655 $139,498 $92,847 $2,446,208 
Europe280,707 878,720 117,103 34,220 1,310,750 
Mexico473,742 49,848 — 27,543 551,133 
Total net sales$2,746,657 $1,150,223 $256,601 $154,610 $4,308,091 
Six Months Ended June 30, 2024
(In thousands)
FreshPreparedExportOtherTotal
U.S.$4,315,541 $523,315 $228,762 $175,679 $5,243,297 
Europe557,804 1,722,308 227,755 61,577 2,569,444 
Mexico938,873 111,595 — 58,039 1,108,507 
Total net sales$5,812,218 $2,357,218 $456,517 $295,295 $8,921,248 
Six Months Ended June 25, 2023
(In thousands)
FreshPreparedExportOtherTotal
U.S.$3,935,994 $466,456 $267,773 $208,553 $4,878,776 
Europe545,370 1,710,449 234,724 59,471 2,550,014 
Mexico885,661 96,204 — 63,064 1,044,929 
Total net sales$5,367,025 $2,273,109 $502,497 $331,088 $8,473,719 
Additional disaggregation of revenue by sales channel is provided below:
Three Months Ended June 30, 2024
(In thousands)
RetailFoodserviceExportOtherTotal
U.S.$1,395,222 $1,038,749 $119,964 $110,030 $2,663,965 
Europe821,785 229,800 109,304 140,652 1,301,541 
Mexico(a)
137,241 277,533 — 179,034 593,808 
Total net sales$2,354,248 $1,546,082 $229,268 $429,716 $4,559,314 
Three Months Ended June 25, 2023
(In thousands)
RetailFoodserviceExportOtherTotal
U.S.$1,214,658 $959,141 $139,498 $132,911 $2,446,208 
Europe820,452 234,680 117,103 138,515 1,310,750 
Mexico(a)
123,718 271,570 — 155,845 551,133 
Total net sales$2,158,828 $1,465,391 $256,601 $427,271 $4,308,091 
Six Months Ended June 30, 2024
(In thousands)
RetailFoodserviceExportOtherTotal
U.S.$2,788,799 $1,998,888 $228,762 $226,848 $5,243,297 
Europe1,634,043 431,627 227,755 276,019 2,569,444 
Mexico(a)
272,372 517,262 — 318,873 1,108,507 
Total net sales$4,695,214 $2,947,777 $456,517 $821,740 $8,921,248 
Six Months Ended June 25, 2023
(In thousands)
RetailFoodserviceExportOtherTotal
U.S.$2,473,528 $1,853,474 $267,773 $284,001 $4,878,776 
Europe1,585,676 454,007 234,724 275,607 2,550,014 
Mexico(a)
224,419 512,487 — 308,023 1,044,929 
Total net sales$4,283,623 $2,819,968 $502,497 $867,631 $8,473,719 
(a)Included in Mexico foodservice channel are sales to wholesale public meat markets that typically sell product on to foodservice customers. Included in Mexico other channel are sales to live chicken markets.
Schedule of Changes in Revenue Contract Liability
Changes in the revenue contract liabilities balance are as follows (in thousands):
Balance as of December 31, 2023$84,958 
Revenue recognized(79,999)
Cash received, excluding amounts recognized as revenue during the period62,217 
Balance as of June 30, 2024$67,176