REPORTABLE SEGMENTS (Tables)

3 Months Ended

Mar. 29, 2026

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Additional information regarding reportable segments is as follows:

	Three Months Ended
	March 29, 2026(a)		March 30, 2025(b)
	(In thousands)
Net sales
U.S.	$	2,635,398	$	2,743,189
Europe	1,351,744		1,231,529
Mexico	545,491		488,291
Total net sales	$	4,532,633	$	4,463,009

(a)In addition to the above third party sales, for the three months ended March 29, 2026, the U.S. reportable segment had intercompany sales to the Mexico reportable segment of $28.1 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 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.

	Three Months Ended
	March 29, 2026		March 30, 2025
	(In thousands)
Cost of sales
U.S.	$	2,438,840	$	2,355,567
Europe	1,231,393		1,115,225
Mexico	516,910		437,344
Total cost of sales	$	4,187,143	$	3,908,136

	Three Months Ended
	March 29, 2026		March 30, 2025
	(In thousands)
Gross profit
U.S.	$	196,558	$	387,622
Europe	120,351		116,304
Mexico	28,581		50,947
Total gross profit	$	345,490	$	554,873

	Three Months Ended
	March 29, 2026		March 30, 2025
	(In thousands)
Selling, general administrative expenses
U.S.	$	109,649	$	68,816
Europe	52,831		50,621
Mexico	17,689		14,342
Total SG&A expenses	$	180,169	$	133,779

	Three Months Ended
	March 29, 2026		March 30, 2025
	(In thousands)
Restructuring activities charges
Europe	$	2,765	$	16,612

	Three Months Ended
	March 29, 2026		March 30, 2025
	(In thousands)
Operating income
U.S.	$	86,910	$	318,806
Europe	64,755		49,071
Mexico	10,891		36,605
Total operating income	$	162,556	$	404,482

	Three Months Ended
	March 29, 2026		March 30, 2025
	(In thousands)
Reconciliation of profit or loss (segment operating income)
Total operating income	$	162,556	$	404,482
Interest expense, net of capitalized interest	37,847		41,738
Interest income	(6,870)		(24,953)
Foreign currency transaction losses (gains)	922		(2,053)
Miscellaneous, net	(1,163)		(692)
Income before income taxes	131,820		390,442
Income tax expense	30,370		94,099
Net income	$	101,450	$	296,343

	Three Months Ended
	March 29, 2026		March 30, 2025
	(In thousands)
Interest expense
U.S.	$	36,896	$	41,213
Europe	755		377
Mexico	196		148
Total interest expense	$	37,847	$	41,738

	Three Months Ended
	March 29, 2026		March 30, 2025
	(In thousands)
Interest income
U.S.	$	(3,032)	$	(15,646)
Europe	(2,864)		(2,281)
Mexico	(974)		(7,026)
Total interest income	$	(6,870)	$	(24,953)

	Three Months Ended
	March 29, 2026		March 30, 2025
	(In thousands)
Income tax expense
U.S.	$	12,115	$	71,012
Europe	15,329		9,922
Mexico	2,926		13,165
Total income tax expense	$	30,370	$	94,099

	Three Months Ended
	March 29, 2026		March 30, 2025
	(In thousands)
Depreciation and amortization
U.S.	$	74,505	$	66,386
Europe	37,522		33,137
Mexico	6,454		4,995
Total depreciation and amortization	$	118,481	$	104,518

	Three Months Ended
	March 29, 2026		March 30, 2025
	(In thousands)
Capital expenditures(a)
U.S.	$	198,464	$	71,927
Europe	23,783		21,664
Mexico	13,974		5,199
Total capital expenditures	$	236,221	$	98,790

(a)Capital expenditures incurred include those that were paid out in cash and those that are still outstanding in accounts payable as of the end of the periods.

	March 29, 2026		December 28, 2025
	(In thousands)
Total assets
U.S.	$	7,016,214	$	7,023,156
Europe	4,254,878		4,376,305
Mexico	1,119,402		1,132,834
Eliminations	(2,187,806)		(2,188,765)
Total assets	$	10,202,688	$	10,343,530

	March 29, 2026		December 28, 2025
	(In thousands)
Long-lived assets(a)
U.S.	$	2,500,158	$	2,376,549
Europe	1,014,153		1,040,986
Mexico	382,629		377,164
Eliminations	(3,888)		(3,888)
Total long-lived assets	$	3,893,052	$	3,790,811

(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 29, 2026		March 30, 2025
	(In thousands)
Net sales to customers by customer location
U.S.	$	2,534,906	$	2,635,699
Europe	1,328,380		1,212,977
Mexico	559,515		498,744
Asia-Pacific	64,900		75,526
Canada, Caribbean and Central America	21,784		18,188
Africa	14,470		14,882
South America	8,678		6,993
Total	$	4,532,633	$	4,463,009