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TRADE ACCOUNTS AND OTHER RECEIVABLES
12 Months Ended
Dec. 28, 2025
Accounts Receivable, after Allowance for Credit Loss [Abstract]  
TRADE ACCOUNTS AND OTHER RECEIVABLES TRADE ACCOUNTS AND OTHER RECEIVABLES
Trade accounts and other receivables (including accounts receivable from related parties), less allowance for credit losses, consisted of the following:
December 28, 2025December 29, 2024
 (In thousands)
Trade accounts receivable$1,109,218 $973,820 
Notes receivable 10,111 8,970 
Other receivables52,690 30,018 
Receivables, gross1,172,019 1,012,808 
Allowance for credit losses(7,116)(8,474)
Receivables, net$1,164,903 $1,004,334 
Accounts receivable from related parties(a)
$13,398 $2,608 
(a)Additional information regarding accounts receivable from related parties is included in “Note 19. Related Party Transactions.”

Activity in the allowance for credit losses was as follows:
December 28, 2025December 29, 2024
Allowance for Credit Losses:(In thousands)
Balance, beginning of period$(8,474)$(9,341)
Provision released (charged) to operating results(224)102 
Account write-offs and recoveries2,397 46 
Effect of exchange rate(815)719 
Balance, end of period$(7,116)$(8,474)
In June 2023, the Company and JBS USA Food Company (“JBS USA”) jointly entered into a receivables purchase agreement with a bank for an uncommitted facility with a maximum capacity of $415.0 million and no recourse to the Company or JBS USA. Under the facility, the Company may sell eligible trade receivables in exchange for cash. Transfers under the agreement are recorded as a sale under ASC 860, Broad Transactions – Transfers and Servicing. At the transfer date, the Company received cash equal to the face value of the receivables sold less a fee based on the current Secured Overnight Financing Rate (“SOFR”) plus an applicable margin applied over the customer payment term. The fees are immaterial.