XML 76 R58.htm IDEA: XBRL DOCUMENT v3.22.4
Acquisitions (Details)
$ in Thousands, € in Millions
1 Months Ended 3 Months Ended 12 Months Ended
Nov. 02, 2022
EUR (€)
Oct. 18, 2022
USD ($)
Aug. 01, 2022
USD ($)
numberOfPlants
Aug. 01, 2022
BRL (R$)
May 02, 2022
USD ($)
numberOfPlants
Feb. 25, 2022
USD ($)
Dec. 31, 2020
USD ($)
Oct. 31, 2020
USD ($)
Dec. 31, 2022
USD ($)
Oct. 01, 2022
USD ($)
Jul. 02, 2022
USD ($)
Dec. 31, 2022
USD ($)
Jan. 01, 2022
USD ($)
Jan. 02, 2021
USD ($)
Aug. 01, 2022
BRL (R$)
numberOfPlants
Dec. 21, 2020
USD ($)
Oct. 30, 2020
USD ($)
Business Acquisition [Line Items]                                  
Payments to Acquire Businesses, Net of Cash Acquired                       $ 1,772,437 $ 2,059 $ 29,793      
Goodwill                 $ 1,970,377     1,970,377 1,219,116 1,260,240      
Business Combination, Contingent Consideration, Liability, Noncurrent                 169,903     169,903 0        
Repayments of Holdback Amount                         1,700        
Net sales                       6,532,204 4,741,369 3,571,923      
Net income                       737,690 650,914 $ 296,819      
Business Combination, Acquisition Related Costs                       16,400          
Senior Secured Facilities [Member] | Revolving Credit Facility [Member]                                  
Business Acquisition [Line Items]                                  
Long-term Line of Credit                 515,000     515,000          
Senior Secured Facilities [Member] | Term A-1 Facility                                  
Business Acquisition [Line Items]                                  
Long-term Line of Credit                 400,000     400,000          
Senior Secured Facilities [Member] | Term A-2 Facility                                  
Business Acquisition [Line Items]                                  
Long-term Line of Credit                 500,000     500,000          
Marengo                                  
Business Acquisition [Line Items]                                  
Goodwill                               $ 5,700  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets                               1,500  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment                               $ 3,600  
Payments to Acquire Businesses, Gross             $ 10,500                    
Business Combination, Consideration Transferred             10,800                    
Business Combination, Holdback Amount             $ 300                    
Belgium                                  
Business Acquisition [Line Items]                                  
Goodwill                                 $ 9,100
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life               12 years                  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment                                 14,800
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles                                 6,400
Payments to Acquire Businesses, Gross               $ 19,300                  
Business Combination, Consideration Transferred               24,600                  
Business Combination, Holdback Amount               $ 5,300                  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other                                 $ (5,700)
FASA Group                                  
Business Acquisition [Line Items]                                  
Payments to Acquire Businesses, Net of Cash Acquired     $ 525,743                            
Goodwill     408,589                            
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Operating Lease Righ- of-Use Assets     583                            
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets     55,191                            
Business Combination Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Assets     8,144                            
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Accounts Payable     (15,920)                            
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Long-Term Debt     (18,680)                            
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Accrued Liabilities     (38,708)                            
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-Term Debt     (41,926)                            
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Operating Lease liabilities, Noncurrent     (583)                            
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities     $ (79,691)                            
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life     11 years 6 months 11 years 6 months                          
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment     $ 142,931                            
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill     161,182                            
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles     150,200                            
Payments to Acquire Businesses, Gross     562,600 R$ 2,900,000,000                          
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other     (503)                            
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Less Noncontrolling Interest     (18,058)                            
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net     715,576                            
Business Combination, Consideration Transferred, Liabilities Incurred     21,705                            
Business Combination, Contingent Consideration, Liability, Noncurrent     $ 168,128                            
Foreign Currency Exchange Rate     5.16                       5.16    
Business Combination, Number of Facilities Acquired | numberOfPlants     14                       14    
Business Combination, Number of Facilities Acquired Under Construction | numberOfPlants     2                       2    
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, Low | R$                             R$ 0    
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High | R$                             1,000,000,000    
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Future Earnings Growth Period     3 years 3 years                          
Business Combination, Contingent Consideration, Liability     $ 168,100                       R$ 867,500,000    
Business Combination, Purchase Price Adjustments                 $ 7,100                
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Accounts Receivable     76,640                            
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Inventory     43,058                            
Net sales                       146,700          
Net income                       (3,600)          
Business Combination, Acquisition Related Costs                       3,200          
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Other     $ 33,327                            
FASA Group | Routes [Member]                                  
Business Acquisition [Line Items]                                  
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life     12 years 12 years                          
FASA Group | Trade Names [Member]                                  
Business Acquisition [Line Items]                                  
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life     5 years 5 years                          
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles     $ 11,000                            
Valley Proteins                                  
Business Acquisition [Line Items]                                  
Goodwill         $ 358,298                        
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Operating Lease Righ- of-Use Assets         16,380                        
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets         14,164                        
Business Combination Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Assets         1,075                        
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Accounts Payable         (47,615)                        
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Long-Term Debt         (2,043)                        
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Operating Lease Liability, Current         (4,779)                        
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Accrued Liabilities         (66,034)                        
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-Term Debt         (5,995)                        
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Operating Lease liabilities, Noncurrent         $ (11,601)                        
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life         15 years                        
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment         $ 409,405                        
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill         389,200                        
Payments to Acquire Businesses, Gross         1,177,000                        
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other         (19,436)                        
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net         $ 1,171,648                        
Business Combination, Number of Facilities Acquired | numberOfPlants         18                        
Business Combination, Purchase Price Adjustments                   $ 6,000              
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Accounts Receivable         $ 68,558                        
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Inventory         58,246                        
Net sales                       624,900          
Net income                       (38,300)          
Business Combination, Acquisition Related Costs                       5,600          
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Other         $ 13,825                        
Valley Proteins | Routes [Member]                                  
Business Acquisition [Line Items]                                  
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life         15 years                        
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles         $ 292,100                        
Valley Proteins | Permits [Member]                                  
Business Acquisition [Line Items]                                  
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life         15 years                        
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles         $ 97,100                        
Group Op de Beeck                                  
Business Acquisition [Line Items]                                  
Goodwill           $ 29,600                      
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life           15 years                      
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment           $ 28,100                      
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles           27,200                      
Business Combination, Consideration Transferred           71,300           75,500          
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other           (9,400)                      
Business Combination, Purchase Price Adjustments                     $ 4,200            
Business Combination, Price of Acquisition           $ 91,700                      
gelnex                                  
Business Acquisition [Line Items]                                  
Business Combination, Price of Acquisition, Expected   $ 1,200,000                              
Miropasz                                  
Business Acquisition [Line Items]                                  
Business Combination, Price of Acquisition, Expected | € € 110.0                                
Valley Proteins and FASA Group                                  
Business Acquisition [Line Items]                                  
Business Acquisition, Pro Forma Revenue                       7,059,871 5,826,297        
Business Acquisition, Pro Forma Net Income (Loss)                       $ 724,064 $ 625,834