Derivatives (Tables)

12 Months Ended

Dec. 28, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

(in thousands):

Functional Currency		Contract Currency
Type	Amount	Type	Amount
Brazilian real	515,922	Euro	80,054
Brazilian real	2,864,438	U.S. Dollar	506,181
Euro	37,123	U.S. Dollar	39,104
Euro	87,275	Polish zloty	373,446
Euro	10,875	Japanese yen	1,753,983
Euro	25,413	Chinese renminbi	195,569
Euro	18,141	Australian dollar	29,770
Euro	4,075	British pound	3,384
Polish zloty	47,915	Euro	11,211
Polish zloty	469	U.S. dollar	116
British pound	346	Euro	416
British pound	247	U.S. dollar	312
Japanese yen	23,557	U.S. dollar	154
U.S. dollar	71	Japanese yen	10,807
U.S. dollar	562,340	Euro	519,182
Australian dollar	478	U.S. dollar	305

Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location

The table below summarizes the effect of derivatives not designated as hedges on the Company’s consolidated statements of operations for the year ended December 28, 2024, December 30, 2023 and December 31, 2022 (in thousands):

		Loss or (Gain) Recognized in Income on Derivatives Not Designated as Hedges
		For The Year Ended
Derivatives not designated as hedging instruments	Location	December 28, 2024		December 30, 2023		December 31, 2022
Foreign exchange	Foreign currency loss/(gain)	$	(3,466)	$	(2,031)	$	42,690
Foreign exchange	Total net sales	966		(1,789)		(1,108)
Foreign exchange	Cost of sales and operating expenses	(270)		(294)		(949)
Foreign exchange	Selling, general and administrative expense	16,908		(7,109)		(4,200)
Corn options and futures	Net sales	652		1,945		(2,092)
Corn options and futures	Cost of sales and operating expenses	(1,295)		(3,085)		5,447
Heating oil swaps and options	Selling, general and administrative expense	—		49		122
Soybean meal	Total net sales	—		282		(1,730)
Total		$	13,495	$	(12,032)	$	38,180