REPORTABLE SEGMENTS (Tables)

3 Months Ended

Mar. 30, 2025

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Additional information regarding reportable segments is as follows:

	Three Months Ended
	March 30, 2025(a)		March 31, 2024(b)
	(In thousands)
Net sales
U.S.	$	2,743,189	$	2,579,332
Europe	1,231,529		1,267,903
Mexico	488,291		514,699
Total net sales	$	4,463,009	$	4,361,934

(a)In addition to the above third party sales, for the three months ended March 30, 2025, the U.S. reportable segment had intercompany sales to the Mexico reportable segment of $27.7 million. These sales consisted of fresh products, prepared products and grain.

(b)In addition to the above third party sales, for the three months ended March 31, 2024, the U.S. reportable segment had intercompany sales to the Mexico reportable segment of $47.9 million. These sales consisted of fresh products, prepared products and grain.

	Three Months Ended
	March 30, 2025		March 31, 2024
	(In thousands)
Cost of sales
U.S.	$	2,355,567	$	2,342,040
Europe	1,115,225		1,175,738
Mexico	437,344		460,247
Total cost of sales	$	3,908,136	$	3,978,025

	Three Months Ended
	March 30, 2025		March 31, 2024
	(In thousands)
Gross profit
U.S.	$	387,622	$	237,292
Europe	116,304		92,165
Mexico	50,947		54,452
Total gross profit	$	554,873	$	383,909

	Three Months Ended
	March 30, 2025		March 31, 2024
	(In thousands)
Selling, general administrative expenses
U.S.	$	68,816	$	57,875
Europe	50,621		46,490
Mexico	14,342		14,711
Total SG&A expenses	$	133,779	$	119,076

	Three Months Ended
	March 30, 2025		March 31, 2024
	(In thousands)
Restructuring activities charges
Europe	$	16,612	$	14,559

	Three Months Ended
	March 30, 2025		March 31, 2024
	(In thousands)
Operating income
U.S.	$	318,806	$	179,417
Europe	49,071		31,116
Mexico	36,605		39,741
Total operating income	$	404,482	$	250,274

	Three Months Ended
	March 30, 2025		March 31, 2024
	(In thousands)
Reconciliation of profit or loss (segment operating income)
Total operating income	$	404,482	$	250,274
Interest expense, net of capitalized interest	41,738		41,243
Interest income	(24,953)		(10,346)
Foreign currency transaction gains	(2,053)		(4,337)
Miscellaneous, net	(692)		(3,286)
Income before income taxes	390,442		227,000
Income tax expense	94,099		52,062
Net income	$	296,343	$	174,938

	Three Months Ended
	March 30, 2025		March 31, 2024
	(In thousands)
Interest expense
U.S.	$	41,213	$	46,335
Europe	377		494
Mexico	148		131
Eliminations	—		(5,717)
Total interest expense	$	41,738	$	41,243

	Three Months Ended
	March 30, 2025		March 31, 2024
	(In thousands)
Interest income
U.S.	$	(15,646)	$	(1,749)
Europe	(2,281)		(2,477)
Mexico	(7,026)		(11,837)
Eliminations	—		5,717
Total interest income	$	(24,953)	$	(10,346)

	Three Months Ended
	March 30, 2025		March 31, 2024
	(In thousands)
Income tax expense
U.S.	$	71,012	$	32,060
Europe	9,922		9,557
Mexico	13,165		10,445
Total income tax expense	$	94,099	$	52,062

	Three Months Ended
	March 30, 2025		March 31, 2024
	(In thousands)
Depreciation and amortization
U.S.	$	66,386	$	62,685
Europe	33,137		35,028
Mexico	4,995		5,637
Total depreciation and amortization	$	104,518	$	103,350

	Three Months Ended
	March 30, 2025		March 31, 2024
	(In thousands)
Capital expenditures(a)
U.S.	$	71,927	$	78,631
Europe	21,664		17,141
Mexico	5,199		3,296
Total capital expenditures	$	98,790	$	99,068

(a)Capital expenditures incurred include those that were paid out in cash and those that are still outstanding in accounts payable as of March 30, 2025.

	March 30, 2025		December 29, 2024
	(In thousands)
Total assets
U.S.	$	7,986,902	$	7,848,510
Europe	4,143,997		4,051,150
Mexico	1,184,975		1,172,728
Eliminations	(2,352,115)		(2,421,812)
Total assets	$	10,963,759	$	10,650,576

	March 30, 2025		December 29, 2024
	(In thousands)
Long-lived assets(a)
U.S.	$	2,157,951	$	2,156,858
Europe	992,394		979,116
Mexico	263,035		261,518
Eliminations	(3,888)		(3,888)
Total long-lived assets	$	3,409,492	$	3,393,604

(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.

	Three Months Ended
	March 30, 2025		March 31, 2024
	(In thousands)
Net sales to customers by customer location
U.S.	$	2,635,699	$	2,471,216
Europe	1,212,977		1,258,620
Mexico	498,744		526,157
Asia-Pacific	75,526		71,491
Canada, Caribbean and Central America	18,188		16,158
Africa	14,882		13,672
South America	6,993		4,620
Total	$	4,463,009	$	4,361,934