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Long-term debt is presented at face value and excludes $ 24.2 million in letters of credit outstanding related to normal business transactions. Long-term debt includes the Live Oak CHP Project PACE Loan. For a description, refer to Part II, Item 8, Notes to Consolidated Financial Statements, “Note 13. Debt.” | text | 24.2 | monetaryItemType | text: <entity> 24.2 </entity> <entity type> monetaryItemType </entity type> <context> Long-term debt is presented at face value and excludes $ 24.2 million in letters of credit outstanding related to normal business transactions. Long-term debt includes the Live Oak CHP Project PACE Loan. For a description, refer to Part II, Item 8, Notes to Consolidated Financial Statements, “Note 13. Debt.” </context> | us-gaap:LettersOfCreditOutstandingAmount |
Pilgrim’s Pride Corporation (referred to herein as “Pilgrim’s,” “PPC,” “the Company,” “we,” “us,” “our,” or similar terms) is one of the largest food companies in the world, with operations in the United States (“U.S.”), the United Kingdom (“U.K.”), Mexico, France, Puerto Rico, the Netherlands and the Republic of Ireland. Pilgrim’s is primarily a chicken producer, with pork and lamb operations in the U.K. Pilgrim’s products are sold to foodservice, retail and frozen entrée customers. The Company’s primary distribution is through retailers, foodservice distributors and restaurants throughout the countries listed above. Additionally, the Company exports chicken and pork products (from its U.K. operations) to over 120 countries. Our fresh products consist of refrigerated whole or cut-up chicken, selected chicken parts that are either marinated or non-marinated, primary pork cuts, added value pork, pork ribs and lamb products. The Company’s prepared products include fully cooked, ready-to-cook and individually frozen chicken parts, strips, nuggets and patties, processed sausages, bacon, smoked meat, gammon joints, pre-packed meats, sandwich and deli counter meats and meat balls. The Company’s other products include plant-based protein offerings, ready-to-eat meals, multi-protein frozen foods, vegetarian foods and desserts. The Company also provides direct-to-consumer meals and hot food to-go solutions in the U.K. and the Republic of Ireland. We operate feed mills, hatcheries, processing plants and distribution centers in 14 U.S. states, the U.K., Mexico, France, Puerto Rico, the Netherlands and the Republic of Ireland. | text | 14 | integerItemType | text: <entity> 14 </entity> <entity type> integerItemType </entity type> <context> Pilgrim’s Pride Corporation (referred to herein as “Pilgrim’s,” “PPC,” “the Company,” “we,” “us,” “our,” or similar terms) is one of the largest food companies in the world, with operations in the United States (“U.S.”), the United Kingdom (“U.K.”), Mexico, France, Puerto Rico, the Netherlands and the Republic of Ireland. Pilgrim’s is primarily a chicken producer, with pork and lamb operations in the U.K. Pilgrim’s products are sold to foodservice, retail and frozen entrée customers. The Company’s primary distribution is through retailers, foodservice distributors and restaurants throughout the countries listed above. Additionally, the Company exports chicken and pork products (from its U.K. operations) to over 120 countries. Our fresh products consist of refrigerated whole or cut-up chicken, selected chicken parts that are either marinated or non-marinated, primary pork cuts, added value pork, pork ribs and lamb products. The Company’s prepared products include fully cooked, ready-to-cook and individually frozen chicken parts, strips, nuggets and patties, processed sausages, bacon, smoked meat, gammon joints, pre-packed meats, sandwich and deli counter meats and meat balls. The Company’s other products include plant-based protein offerings, ready-to-eat meals, multi-protein frozen foods, vegetarian foods and desserts. The Company also provides direct-to-consumer meals and hot food to-go solutions in the U.K. and the Republic of Ireland. We operate feed mills, hatcheries, processing plants and distribution centers in 14 U.S. states, the U.K., Mexico, France, Puerto Rico, the Netherlands and the Republic of Ireland. </context> | us-gaap:NumberOfStatesInWhichEntityOperates |
expense and totaled $ 70.1 million, $ 56.7 million and $ 58.0 million for 2024, 2023 and 2022, respectively. | text | 70.1 | monetaryItemType | text: <entity> 70.1 </entity> <entity type> monetaryItemType </entity type> <context> expense and totaled $ 70.1 million, $ 56.7 million and $ 58.0 million for 2024, 2023 and 2022, respectively. </context> | us-gaap:AdvertisingExpense |
expense and totaled $ 70.1 million, $ 56.7 million and $ 58.0 million for 2024, 2023 and 2022, respectively. | text | 56.7 | monetaryItemType | text: <entity> 56.7 </entity> <entity type> monetaryItemType </entity type> <context> expense and totaled $ 70.1 million, $ 56.7 million and $ 58.0 million for 2024, 2023 and 2022, respectively. </context> | us-gaap:AdvertisingExpense |
expense and totaled $ 70.1 million, $ 56.7 million and $ 58.0 million for 2024, 2023 and 2022, respectively. | text | 58.0 | monetaryItemType | text: <entity> 58.0 </entity> <entity type> monetaryItemType </entity type> <context> expense and totaled $ 70.1 million, $ 56.7 million and $ 58.0 million for 2024, 2023 and 2022, respectively. </context> | us-gaap:AdvertisingExpense |
Research and development costs are expensed as incurred. Research and development costs totaled $ 12.4 million, $ 5.7 million and $ 12.5 million for 2024, 2023 and 2022, respectively. | text | 12.4 | monetaryItemType | text: <entity> 12.4 </entity> <entity type> monetaryItemType </entity type> <context> Research and development costs are expensed as incurred. Research and development costs totaled $ 12.4 million, $ 5.7 million and $ 12.5 million for 2024, 2023 and 2022, respectively. </context> | us-gaap:ResearchAndDevelopmentExpense |
Research and development costs are expensed as incurred. Research and development costs totaled $ 12.4 million, $ 5.7 million and $ 12.5 million for 2024, 2023 and 2022, respectively. | text | 5.7 | monetaryItemType | text: <entity> 5.7 </entity> <entity type> monetaryItemType </entity type> <context> Research and development costs are expensed as incurred. Research and development costs totaled $ 12.4 million, $ 5.7 million and $ 12.5 million for 2024, 2023 and 2022, respectively. </context> | us-gaap:ResearchAndDevelopmentExpense |
Research and development costs are expensed as incurred. Research and development costs totaled $ 12.4 million, $ 5.7 million and $ 12.5 million for 2024, 2023 and 2022, respectively. | text | 12.5 | monetaryItemType | text: <entity> 12.5 </entity> <entity type> monetaryItemType </entity type> <context> Research and development costs are expensed as incurred. Research and development costs totaled $ 12.4 million, $ 5.7 million and $ 12.5 million for 2024, 2023 and 2022, respectively. </context> | us-gaap:ResearchAndDevelopmentExpense |
The Company is party to operating lease agreements for warehouses, office space, vehicle maintenance facilities and livestock growing farms in the U.S., distribution centers, hatcheries and office space in Mexico and farms, processing facilities and office space in Europe. Additionally, the Company leases equipment, over-the-road transportation vehicles and other assets in all three reportable segments. The Company is also party to a limited number of finance lease agreements in the U.S. | text | three | integerItemType | text: <entity> three </entity> <entity type> integerItemType </entity type> <context> The Company is party to operating lease agreements for warehouses, office space, vehicle maintenance facilities and livestock growing farms in the U.S., distribution centers, hatcheries and office space in Mexico and farms, processing facilities and office space in Europe. Additionally, the Company leases equipment, over-the-road transportation vehicles and other assets in all three reportable segments. The Company is also party to a limited number of finance lease agreements in the U.S. </context> | us-gaap:NumberOfOperatingSegments |
As of December 29, 2024, there were $ 2 million of pre-tax deferred net losses on foreign currency derivatives recorded in AOCI expected to be reclassified to the Consolidated Statements of Income during the next twelve months. This expectation is based on the anticipated settlements on the hedged investments in foreign currencies that will occur over the next twelve months, at which time the Company will recognize the deferred losses to earnings. | text | 2 | monetaryItemType | text: <entity> 2 </entity> <entity type> monetaryItemType </entity type> <context> As of December 29, 2024, there were $ 2 million of pre-tax deferred net losses on foreign currency derivatives recorded in AOCI expected to be reclassified to the Consolidated Statements of Income during the next twelve months. This expectation is based on the anticipated settlements on the hedged investments in foreign currencies that will occur over the next twelve months, at which time the Company will recognize the deferred losses to earnings. </context> | us-gaap:CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths |
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, | text | 415.0 | monetaryItemType | text: <entity> 415.0 </entity> <entity type> monetaryItemType </entity type> <context> 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, </context> | us-gaap:LineOfCreditFacilityCapacityAvailableForTradePurchases |
Interest income and gross realized gains during 2024 and 2023 related to the Company’s available-for-sale securities totaled $ 70.8 million and $ 21.5 million, respectively, while gross realized losses were immaterial . Proceeds received from the sale or maturity of available-for-sale securities investments are historically disclosed in the Consolidated Statements of Cash Flows. Net unrealized holding gains and losses on the Company’s available-for-sale securities recognized during 2024 and 2023 that have been included in accumulated other comprehensive income (loss) and the net amount of gains and losses reclassified out of accumulated other comprehensive income (loss) to earnings during 2024 and 2023 are disclosed in “Note 14. Stockholders’ Equity.” | text | 70.8 | monetaryItemType | text: <entity> 70.8 </entity> <entity type> monetaryItemType </entity type> <context> Interest income and gross realized gains during 2024 and 2023 related to the Company’s available-for-sale securities totaled $ 70.8 million and $ 21.5 million, respectively, while gross realized losses were immaterial . Proceeds received from the sale or maturity of available-for-sale securities investments are historically disclosed in the Consolidated Statements of Cash Flows. Net unrealized holding gains and losses on the Company’s available-for-sale securities recognized during 2024 and 2023 that have been included in accumulated other comprehensive income (loss) and the net amount of gains and losses reclassified out of accumulated other comprehensive income (loss) to earnings during 2024 and 2023 are disclosed in “Note 14. Stockholders’ Equity.” </context> | us-gaap:DebtSecuritiesAvailableForSaleRealizedGain |
Interest income and gross realized gains during 2024 and 2023 related to the Company’s available-for-sale securities totaled $ 70.8 million and $ 21.5 million, respectively, while gross realized losses were immaterial . Proceeds received from the sale or maturity of available-for-sale securities investments are historically disclosed in the Consolidated Statements of Cash Flows. Net unrealized holding gains and losses on the Company’s available-for-sale securities recognized during 2024 and 2023 that have been included in accumulated other comprehensive income (loss) and the net amount of gains and losses reclassified out of accumulated other comprehensive income (loss) to earnings during 2024 and 2023 are disclosed in “Note 14. Stockholders’ Equity.” | text | 21.5 | monetaryItemType | text: <entity> 21.5 </entity> <entity type> monetaryItemType </entity type> <context> Interest income and gross realized gains during 2024 and 2023 related to the Company’s available-for-sale securities totaled $ 70.8 million and $ 21.5 million, respectively, while gross realized losses were immaterial . Proceeds received from the sale or maturity of available-for-sale securities investments are historically disclosed in the Consolidated Statements of Cash Flows. Net unrealized holding gains and losses on the Company’s available-for-sale securities recognized during 2024 and 2023 that have been included in accumulated other comprehensive income (loss) and the net amount of gains and losses reclassified out of accumulated other comprehensive income (loss) to earnings during 2024 and 2023 are disclosed in “Note 14. Stockholders’ Equity.” </context> | us-gaap:DebtSecuritiesAvailableForSaleRealizedGain |
The Company expects to recognize amortization expense associated with intangible assets of $ 32.4 million in 2025, $ 29.9 million in 2026, $ 24.9 million in 2027, 2028 and 2029. | text | 32.4 | monetaryItemType | text: <entity> 32.4 </entity> <entity type> monetaryItemType </entity type> <context> The Company expects to recognize amortization expense associated with intangible assets of $ 32.4 million in 2025, $ 29.9 million in 2026, $ 24.9 million in 2027, 2028 and 2029. </context> | us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths |
The Company expects to recognize amortization expense associated with intangible assets of $ 32.4 million in 2025, $ 29.9 million in 2026, $ 24.9 million in 2027, 2028 and 2029. | text | 29.9 | monetaryItemType | text: <entity> 29.9 </entity> <entity type> monetaryItemType </entity type> <context> The Company expects to recognize amortization expense associated with intangible assets of $ 32.4 million in 2025, $ 29.9 million in 2026, $ 24.9 million in 2027, 2028 and 2029. </context> | us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo |
The Company recognized depreciation expense of $ 401.2 million, $ 386.8 million and $ 369.4 million during 2024, 2023 and 2022, respectively. | text | 401.2 | monetaryItemType | text: <entity> 401.2 </entity> <entity type> monetaryItemType </entity type> <context> The Company recognized depreciation expense of $ 401.2 million, $ 386.8 million and $ 369.4 million during 2024, 2023 and 2022, respectively. </context> | us-gaap:Depreciation |
The Company recognized depreciation expense of $ 401.2 million, $ 386.8 million and $ 369.4 million during 2024, 2023 and 2022, respectively. | text | 386.8 | monetaryItemType | text: <entity> 386.8 </entity> <entity type> monetaryItemType </entity type> <context> The Company recognized depreciation expense of $ 401.2 million, $ 386.8 million and $ 369.4 million during 2024, 2023 and 2022, respectively. </context> | us-gaap:Depreciation |
The Company recognized depreciation expense of $ 401.2 million, $ 386.8 million and $ 369.4 million during 2024, 2023 and 2022, respectively. | text | 369.4 | monetaryItemType | text: <entity> 369.4 </entity> <entity type> monetaryItemType </entity type> <context> The Company recognized depreciation expense of $ 401.2 million, $ 386.8 million and $ 369.4 million during 2024, 2023 and 2022, respectively. </context> | us-gaap:Depreciation |
During 2024, the Company incurred $ 458.5 million on capital projects and transferred $ 633.0 million of completed projects from construction-in-progress to depreciable assets. Capital expenditures during 2024 were primarily incurred for growth projects, such as the Moorefield, WV expansion and the South Georgia protein conversion plant, and to improve operational efficiencies, information technology system enhancement projects, and to reduce costs. During 2023, the Company spent $ 557.8 million on capital projects and transferred $ 461.0 million of completed projects from construction-in-progress to depreciable assets. Capital expenditures in accounts payable and accrued expenses for the years ended December 29, 2024 and December 31, 2023 were $ 29.2 million and $ 85.9 million, respectively. | text | 458.5 | monetaryItemType | text: <entity> 458.5 </entity> <entity type> monetaryItemType </entity type> <context> During 2024, the Company incurred $ 458.5 million on capital projects and transferred $ 633.0 million of completed projects from construction-in-progress to depreciable assets. Capital expenditures during 2024 were primarily incurred for growth projects, such as the Moorefield, WV expansion and the South Georgia protein conversion plant, and to improve operational efficiencies, information technology system enhancement projects, and to reduce costs. During 2023, the Company spent $ 557.8 million on capital projects and transferred $ 461.0 million of completed projects from construction-in-progress to depreciable assets. Capital expenditures in accounts payable and accrued expenses for the years ended December 29, 2024 and December 31, 2023 were $ 29.2 million and $ 85.9 million, respectively. </context> | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment |
During 2024, the Company incurred $ 458.5 million on capital projects and transferred $ 633.0 million of completed projects from construction-in-progress to depreciable assets. Capital expenditures during 2024 were primarily incurred for growth projects, such as the Moorefield, WV expansion and the South Georgia protein conversion plant, and to improve operational efficiencies, information technology system enhancement projects, and to reduce costs. During 2023, the Company spent $ 557.8 million on capital projects and transferred $ 461.0 million of completed projects from construction-in-progress to depreciable assets. Capital expenditures in accounts payable and accrued expenses for the years ended December 29, 2024 and December 31, 2023 were $ 29.2 million and $ 85.9 million, respectively. | text | 633.0 | monetaryItemType | text: <entity> 633.0 </entity> <entity type> monetaryItemType </entity type> <context> During 2024, the Company incurred $ 458.5 million on capital projects and transferred $ 633.0 million of completed projects from construction-in-progress to depreciable assets. Capital expenditures during 2024 were primarily incurred for growth projects, such as the Moorefield, WV expansion and the South Georgia protein conversion plant, and to improve operational efficiencies, information technology system enhancement projects, and to reduce costs. During 2023, the Company spent $ 557.8 million on capital projects and transferred $ 461.0 million of completed projects from construction-in-progress to depreciable assets. Capital expenditures in accounts payable and accrued expenses for the years ended December 29, 2024 and December 31, 2023 were $ 29.2 million and $ 85.9 million, respectively. </context> | us-gaap:PropertyPlantAndEquipmentTransfersAndChanges |
During 2024, the Company incurred $ 458.5 million on capital projects and transferred $ 633.0 million of completed projects from construction-in-progress to depreciable assets. Capital expenditures during 2024 were primarily incurred for growth projects, such as the Moorefield, WV expansion and the South Georgia protein conversion plant, and to improve operational efficiencies, information technology system enhancement projects, and to reduce costs. During 2023, the Company spent $ 557.8 million on capital projects and transferred $ 461.0 million of completed projects from construction-in-progress to depreciable assets. Capital expenditures in accounts payable and accrued expenses for the years ended December 29, 2024 and December 31, 2023 were $ 29.2 million and $ 85.9 million, respectively. | text | 557.8 | monetaryItemType | text: <entity> 557.8 </entity> <entity type> monetaryItemType </entity type> <context> During 2024, the Company incurred $ 458.5 million on capital projects and transferred $ 633.0 million of completed projects from construction-in-progress to depreciable assets. Capital expenditures during 2024 were primarily incurred for growth projects, such as the Moorefield, WV expansion and the South Georgia protein conversion plant, and to improve operational efficiencies, information technology system enhancement projects, and to reduce costs. During 2023, the Company spent $ 557.8 million on capital projects and transferred $ 461.0 million of completed projects from construction-in-progress to depreciable assets. Capital expenditures in accounts payable and accrued expenses for the years ended December 29, 2024 and December 31, 2023 were $ 29.2 million and $ 85.9 million, respectively. </context> | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment |
During 2024, the Company incurred $ 458.5 million on capital projects and transferred $ 633.0 million of completed projects from construction-in-progress to depreciable assets. Capital expenditures during 2024 were primarily incurred for growth projects, such as the Moorefield, WV expansion and the South Georgia protein conversion plant, and to improve operational efficiencies, information technology system enhancement projects, and to reduce costs. During 2023, the Company spent $ 557.8 million on capital projects and transferred $ 461.0 million of completed projects from construction-in-progress to depreciable assets. Capital expenditures in accounts payable and accrued expenses for the years ended December 29, 2024 and December 31, 2023 were $ 29.2 million and $ 85.9 million, respectively. | text | 461.0 | monetaryItemType | text: <entity> 461.0 </entity> <entity type> monetaryItemType </entity type> <context> During 2024, the Company incurred $ 458.5 million on capital projects and transferred $ 633.0 million of completed projects from construction-in-progress to depreciable assets. Capital expenditures during 2024 were primarily incurred for growth projects, such as the Moorefield, WV expansion and the South Georgia protein conversion plant, and to improve operational efficiencies, information technology system enhancement projects, and to reduce costs. During 2023, the Company spent $ 557.8 million on capital projects and transferred $ 461.0 million of completed projects from construction-in-progress to depreciable assets. Capital expenditures in accounts payable and accrued expenses for the years ended December 29, 2024 and December 31, 2023 were $ 29.2 million and $ 85.9 million, respectively. </context> | us-gaap:PropertyPlantAndEquipmentTransfersAndChanges |
During 2024, the Company incurred $ 458.5 million on capital projects and transferred $ 633.0 million of completed projects from construction-in-progress to depreciable assets. Capital expenditures during 2024 were primarily incurred for growth projects, such as the Moorefield, WV expansion and the South Georgia protein conversion plant, and to improve operational efficiencies, information technology system enhancement projects, and to reduce costs. During 2023, the Company spent $ 557.8 million on capital projects and transferred $ 461.0 million of completed projects from construction-in-progress to depreciable assets. Capital expenditures in accounts payable and accrued expenses for the years ended December 29, 2024 and December 31, 2023 were $ 29.2 million and $ 85.9 million, respectively. | text | 29.2 | monetaryItemType | text: <entity> 29.2 </entity> <entity type> monetaryItemType </entity type> <context> During 2024, the Company incurred $ 458.5 million on capital projects and transferred $ 633.0 million of completed projects from construction-in-progress to depreciable assets. Capital expenditures during 2024 were primarily incurred for growth projects, such as the Moorefield, WV expansion and the South Georgia protein conversion plant, and to improve operational efficiencies, information technology system enhancement projects, and to reduce costs. During 2023, the Company spent $ 557.8 million on capital projects and transferred $ 461.0 million of completed projects from construction-in-progress to depreciable assets. Capital expenditures in accounts payable and accrued expenses for the years ended December 29, 2024 and December 31, 2023 were $ 29.2 million and $ 85.9 million, respectively. </context> | us-gaap:CapitalExpendituresIncurredButNotYetPaid |
During 2024, the Company incurred $ 458.5 million on capital projects and transferred $ 633.0 million of completed projects from construction-in-progress to depreciable assets. Capital expenditures during 2024 were primarily incurred for growth projects, such as the Moorefield, WV expansion and the South Georgia protein conversion plant, and to improve operational efficiencies, information technology system enhancement projects, and to reduce costs. During 2023, the Company spent $ 557.8 million on capital projects and transferred $ 461.0 million of completed projects from construction-in-progress to depreciable assets. Capital expenditures in accounts payable and accrued expenses for the years ended December 29, 2024 and December 31, 2023 were $ 29.2 million and $ 85.9 million, respectively. | text | 85.9 | monetaryItemType | text: <entity> 85.9 </entity> <entity type> monetaryItemType </entity type> <context> During 2024, the Company incurred $ 458.5 million on capital projects and transferred $ 633.0 million of completed projects from construction-in-progress to depreciable assets. Capital expenditures during 2024 were primarily incurred for growth projects, such as the Moorefield, WV expansion and the South Georgia protein conversion plant, and to improve operational efficiencies, information technology system enhancement projects, and to reduce costs. During 2023, the Company spent $ 557.8 million on capital projects and transferred $ 461.0 million of completed projects from construction-in-progress to depreciable assets. Capital expenditures in accounts payable and accrued expenses for the years ended December 29, 2024 and December 31, 2023 were $ 29.2 million and $ 85.9 million, respectively. </context> | us-gaap:CapitalExpendituresIncurredButNotYetPaid |
During 2024, the Company sold certain PP&E for $ 15.4 million and recognized a loss of $ 1.8 million. PP&E sold in 2024 consisted of a feed mill in the U.S., breeder farm equipment in Mexico, and other miscellaneous equipment. During 2023, | text | 15.4 | monetaryItemType | text: <entity> 15.4 </entity> <entity type> monetaryItemType </entity type> <context> During 2024, the Company sold certain PP&E for $ 15.4 million and recognized a loss of $ 1.8 million. PP&E sold in 2024 consisted of a feed mill in the U.S., breeder farm equipment in Mexico, and other miscellaneous equipment. During 2023, </context> | us-gaap:ProceedsFromSaleOfPropertyPlantAndEquipment |
During 2024, the Company sold certain PP&E for $ 15.4 million and recognized a loss of $ 1.8 million. PP&E sold in 2024 consisted of a feed mill in the U.S., breeder farm equipment in Mexico, and other miscellaneous equipment. During 2023, | text | 1.8 | monetaryItemType | text: <entity> 1.8 </entity> <entity type> monetaryItemType </entity type> <context> During 2024, the Company sold certain PP&E for $ 15.4 million and recognized a loss of $ 1.8 million. PP&E sold in 2024 consisted of a feed mill in the U.S., breeder farm equipment in Mexico, and other miscellaneous equipment. During 2023, </context> | us-gaap:GainLossOnSaleOfPropertyPlantEquipment |
the Company sold certain PP&E for $ 19.8 million and recognized a gain of $ 6.1 million. PP&E sold in 2023 consisted of a farm in Mexico and other miscellaneous equipment. | text | 19.8 | monetaryItemType | text: <entity> 19.8 </entity> <entity type> monetaryItemType </entity type> <context> the Company sold certain PP&E for $ 19.8 million and recognized a gain of $ 6.1 million. PP&E sold in 2023 consisted of a farm in Mexico and other miscellaneous equipment. </context> | us-gaap:ProceedsFromSaleOfPropertyPlantAndEquipment |
the Company sold certain PP&E for $ 19.8 million and recognized a gain of $ 6.1 million. PP&E sold in 2023 consisted of a farm in Mexico and other miscellaneous equipment. | text | 6.1 | monetaryItemType | text: <entity> 6.1 </entity> <entity type> monetaryItemType </entity type> <context> the Company sold certain PP&E for $ 19.8 million and recognized a gain of $ 6.1 million. PP&E sold in 2023 consisted of a farm in Mexico and other miscellaneous equipment. </context> | us-gaap:GainLossOnSaleOfPropertyPlantEquipment |
The Company has closed or idled various facilities in the U.S. and the U.K. The Board of Directors has not determined if it would be in the best interest of the Company to divest any of these idled assets. Management is therefore not certain that it can or will divest any of these assets within one year, is not actively marketing these assets and, accordingly, has not classified them as assets held for sale. The Company continues to depreciate these assets. As of December 29, 2024, the carrying amount of these idled assets was $ 45.1 million based on depreciable value of $ 185.8 million and accumulated depreciation of $ 140.7 million. During 2024, the Company recognized an impairment loss on PP&E of $ 28.6 million incurred as a result of planned restructuring activities in the Europe reportable segment. Additional information regarding restructuring activities is included in “Note 18. Restructuring-Related Activities.” | text | 28.6 | monetaryItemType | text: <entity> 28.6 </entity> <entity type> monetaryItemType </entity type> <context> The Company has closed or idled various facilities in the U.S. and the U.K. The Board of Directors has not determined if it would be in the best interest of the Company to divest any of these idled assets. Management is therefore not certain that it can or will divest any of these assets within one year, is not actively marketing these assets and, accordingly, has not classified them as assets held for sale. The Company continues to depreciate these assets. As of December 29, 2024, the carrying amount of these idled assets was $ 45.1 million based on depreciable value of $ 185.8 million and accumulated depreciation of $ 140.7 million. During 2024, the Company recognized an impairment loss on PP&E of $ 28.6 million incurred as a result of planned restructuring activities in the Europe reportable segment. Additional information regarding restructuring activities is included in “Note 18. Restructuring-Related Activities.” </context> | us-gaap:ImpairmentOfLongLivedAssetsHeldForUse |
The effective tax rate for 2024 was 23.0 % compared to 11.7 % for 2023 and 27.2 % for 2022. | text | 23.0 | percentItemType | text: <entity> 23.0 </entity> <entity type> percentItemType </entity type> <context> The effective tax rate for 2024 was 23.0 % compared to 11.7 % for 2023 and 27.2 % for 2022. </context> | us-gaap:EffectiveIncomeTaxRateContinuingOperations |
The effective tax rate for 2024 was 23.0 % compared to 11.7 % for 2023 and 27.2 % for 2022. | text | 11.7 | percentItemType | text: <entity> 11.7 </entity> <entity type> percentItemType </entity type> <context> The effective tax rate for 2024 was 23.0 % compared to 11.7 % for 2023 and 27.2 % for 2022. </context> | us-gaap:EffectiveIncomeTaxRateContinuingOperations |
The effective tax rate for 2024 was 23.0 % compared to 11.7 % for 2023 and 27.2 % for 2022. | text | 27.2 | percentItemType | text: <entity> 27.2 </entity> <entity type> percentItemType </entity type> <context> The effective tax rate for 2024 was 23.0 % compared to 11.7 % for 2023 and 27.2 % for 2022. </context> | us-gaap:EffectiveIncomeTaxRateContinuingOperations |
Included in the Mexico tax audit item in above table is an increase of 3.8 % in the effective tax rate related to the Mexican Tax Authority’s claim that Avícola Pilgrim’s Pride de Mexico, S.A. de C.V. (“Avícola”) should have considered dividends paid out of its subsidiaries as partially taxable in tax years 2009 and 2010. The amount was recorded during the year ended December 25, 2022. | text | 3.8 | percentItemType | text: <entity> 3.8 </entity> <entity type> percentItemType </entity type> <context> Included in the Mexico tax audit item in above table is an increase of 3.8 % in the effective tax rate related to the Mexican Tax Authority’s claim that Avícola Pilgrim’s Pride de Mexico, S.A. de C.V. (“Avícola”) should have considered dividends paid out of its subsidiaries as partially taxable in tax years 2009 and 2010. The amount was recorded during the year ended December 25, 2022. </context> | us-gaap:EffectiveIncomeTaxRateReconciliationTaxContingenciesForeign |
As of December 29, 2024, the Company believes it has sufficient positive evidence to conclude that realization of its federal, state and foreign net deferred tax assets are more likely than not to be realized. As of December 29, 2024, the Company’s valuation allowance is $ 86.3 million, of which $ 10.6 million relates to our Europe operations, $ 0.3 million relates to our Mexico operations, $ 50.9 million relates to Onix Investments UK Limited, Sandstone Holdings Sàrl and Arkose Investments ULC, indirect subsidiaries of Pilgrim’s, $ 11.9 million relates to our Puerto Rico operations, $ 11.8 million relates to U.S. foreign tax credits and $ 0.8 million relates to state net operating losses. | text | 86.3 | monetaryItemType | text: <entity> 86.3 </entity> <entity type> monetaryItemType </entity type> <context> As of December 29, 2024, the Company believes it has sufficient positive evidence to conclude that realization of its federal, state and foreign net deferred tax assets are more likely than not to be realized. As of December 29, 2024, the Company’s valuation allowance is $ 86.3 million, of which $ 10.6 million relates to our Europe operations, $ 0.3 million relates to our Mexico operations, $ 50.9 million relates to Onix Investments UK Limited, Sandstone Holdings Sàrl and Arkose Investments ULC, indirect subsidiaries of Pilgrim’s, $ 11.9 million relates to our Puerto Rico operations, $ 11.8 million relates to U.S. foreign tax credits and $ 0.8 million relates to state net operating losses. </context> | us-gaap:DeferredTaxAssetsValuationAllowance |
As of December 29, 2024, the Company had federal and state net operating loss carry forwards of approximately $ 48.4 million that begin to expire in 2025. The Company also had Mexico net operating loss carry forwards as of December 29, 2024 of approximately $ 0.8 million that begin to expire in 2028. The Company also had U.K. net operating loss carry forwards as of December 29, 2024 of approximately $ 177.2 million that may be carried forward indefinitely. | text | 48.4 | monetaryItemType | text: <entity> 48.4 </entity> <entity type> monetaryItemType </entity type> <context> As of December 29, 2024, the Company had federal and state net operating loss carry forwards of approximately $ 48.4 million that begin to expire in 2025. The Company also had Mexico net operating loss carry forwards as of December 29, 2024 of approximately $ 0.8 million that begin to expire in 2028. The Company also had U.K. net operating loss carry forwards as of December 29, 2024 of approximately $ 177.2 million that may be carried forward indefinitely. </context> | us-gaap:OperatingLossCarryforwards |
As of December 29, 2024, the Company had federal and state net operating loss carry forwards of approximately $ 48.4 million that begin to expire in 2025. The Company also had Mexico net operating loss carry forwards as of December 29, 2024 of approximately $ 0.8 million that begin to expire in 2028. The Company also had U.K. net operating loss carry forwards as of December 29, 2024 of approximately $ 177.2 million that may be carried forward indefinitely. | text | 0.8 | monetaryItemType | text: <entity> 0.8 </entity> <entity type> monetaryItemType </entity type> <context> As of December 29, 2024, the Company had federal and state net operating loss carry forwards of approximately $ 48.4 million that begin to expire in 2025. The Company also had Mexico net operating loss carry forwards as of December 29, 2024 of approximately $ 0.8 million that begin to expire in 2028. The Company also had U.K. net operating loss carry forwards as of December 29, 2024 of approximately $ 177.2 million that may be carried forward indefinitely. </context> | us-gaap:OperatingLossCarryforwards |
As of December 29, 2024, the Company had federal and state net operating loss carry forwards of approximately $ 48.4 million that begin to expire in 2025. The Company also had Mexico net operating loss carry forwards as of December 29, 2024 of approximately $ 0.8 million that begin to expire in 2028. The Company also had U.K. net operating loss carry forwards as of December 29, 2024 of approximately $ 177.2 million that may be carried forward indefinitely. | text | 177.2 | monetaryItemType | text: <entity> 177.2 </entity> <entity type> monetaryItemType </entity type> <context> As of December 29, 2024, the Company had federal and state net operating loss carry forwards of approximately $ 48.4 million that begin to expire in 2025. The Company also had Mexico net operating loss carry forwards as of December 29, 2024 of approximately $ 0.8 million that begin to expire in 2028. The Company also had U.K. net operating loss carry forwards as of December 29, 2024 of approximately $ 177.2 million that may be carried forward indefinitely. </context> | us-gaap:OperatingLossCarryforwards |
As of December 29, 2024, the Company had approximately $ 5.4 million of state tax credit carry forwards that begin to expire in 2025. | text | 5.4 | monetaryItemType | text: <entity> 5.4 </entity> <entity type> monetaryItemType </entity type> <context> As of December 29, 2024, the Company had approximately $ 5.4 million of state tax credit carry forwards that begin to expire in 2025. </context> | us-gaap:TaxCreditCarryforwardAmount |
For the years ended December 29, 2024 and December 31, 2023, there is a tax effect of $( 9.4 ) million and $( 2.1 ) million, respectively, reflected in other comprehensive loss. | text | 9.4 | monetaryItemType | text: <entity> 9.4 </entity> <entity type> monetaryItemType </entity type> <context> For the years ended December 29, 2024 and December 31, 2023, there is a tax effect of $( 9.4 ) million and $( 2.1 ) million, respectively, reflected in other comprehensive loss. </context> | us-gaap:OtherComprehensiveIncomeLossTax |
For the years ended December 29, 2024 and December 31, 2023, there is a tax effect of $( 9.4 ) million and $( 2.1 ) million, respectively, reflected in other comprehensive loss. | text | 2.1 | monetaryItemType | text: <entity> 2.1 </entity> <entity type> monetaryItemType </entity type> <context> For the years ended December 29, 2024 and December 31, 2023, there is a tax effect of $( 9.4 ) million and $( 2.1 ) million, respectively, reflected in other comprehensive loss. </context> | us-gaap:OtherComprehensiveIncomeLossTax |
Included in unrecognized tax benefits of $ 29.0 million as of December 29, 2024, was $ 15.1 million of tax benefits that, if recognized, would reduce the Company’s effective tax rate. It is not practicable at this time to estimate the amount of unrecognized tax benefits that will change in the next twelve months. | text | 29.0 | monetaryItemType | text: <entity> 29.0 </entity> <entity type> monetaryItemType </entity type> <context> Included in unrecognized tax benefits of $ 29.0 million as of December 29, 2024, was $ 15.1 million of tax benefits that, if recognized, would reduce the Company’s effective tax rate. It is not practicable at this time to estimate the amount of unrecognized tax benefits that will change in the next twelve months. </context> | us-gaap:UnrecognizedTaxBenefits |
Included in unrecognized tax benefits of $ 29.0 million as of December 29, 2024, was $ 15.1 million of tax benefits that, if recognized, would reduce the Company’s effective tax rate. It is not practicable at this time to estimate the amount of unrecognized tax benefits that will change in the next twelve months. | text | 15.1 | monetaryItemType | text: <entity> 15.1 </entity> <entity type> monetaryItemType </entity type> <context> Included in unrecognized tax benefits of $ 29.0 million as of December 29, 2024, was $ 15.1 million of tax benefits that, if recognized, would reduce the Company’s effective tax rate. It is not practicable at this time to estimate the amount of unrecognized tax benefits that will change in the next twelve months. </context> | us-gaap:UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate |
The Company recognizes interest and penalties related to unrecognized tax benefits in its provision for income taxes. As of December 29, 2024, the Company had recorded a liability of $ 7.6 million for interest and penalties. During 2024, accrued interest and penalty amounts related to uncertain tax positions increased by $ 1.7 million. | text | 7.6 | monetaryItemType | text: <entity> 7.6 </entity> <entity type> monetaryItemType </entity type> <context> The Company recognizes interest and penalties related to unrecognized tax benefits in its provision for income taxes. As of December 29, 2024, the Company had recorded a liability of $ 7.6 million for interest and penalties. During 2024, accrued interest and penalty amounts related to uncertain tax positions increased by $ 1.7 million. </context> | us-gaap:UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued |
The Company recognizes interest and penalties related to unrecognized tax benefits in its provision for income taxes. As of December 29, 2024, the Company had recorded a liability of $ 7.6 million for interest and penalties. During 2024, accrued interest and penalty amounts related to uncertain tax positions increased by $ 1.7 million. | text | 1.7 | monetaryItemType | text: <entity> 1.7 </entity> <entity type> monetaryItemType </entity type> <context> The Company recognizes interest and penalties related to unrecognized tax benefits in its provision for income taxes. As of December 29, 2024, the Company had recorded a liability of $ 7.6 million for interest and penalties. During 2024, accrued interest and penalty amounts related to uncertain tax positions increased by $ 1.7 million. </context> | us-gaap:UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense |
The future minimum principal payments due in each of the next five fiscal years subsequent to the year ended December 29, 2024, related to the Live Oak CHP Project PACE Loan discussed below, are $ 0.1 million. See “Note 3. Leases” for future minimum payments of finance lease obligations. | text | 0.1 | monetaryItemType | text: <entity> 0.1 </entity> <entity type> monetaryItemType </entity type> <context> The future minimum principal payments due in each of the next five fiscal years subsequent to the year ended December 29, 2024, related to the Live Oak CHP Project PACE Loan discussed below, are $ 0.1 million. See “Note 3. Leases” for future minimum payments of finance lease obligations. </context> | us-gaap:RepaymentsOfLongTermDebtAndCapitalSecurities |
On May 1, 2024, the Board approved a bond repurchase program which authorizes the Company to buyback $ 200.0 million of the Company’s outstanding senior notes. Under the program, the Company has repurchased $ 144.3 million of outstanding principal of the Senior Notes due 2031 and $ 20.0 million of outstanding principal of the Senior Notes due 2033, resulting in gross realized gains of $ 13.8 million in the year ended December 29, 2024. The gross realized gains on early extinguishment of debt are recognized as a reduction in interest expense. The original discount and capitalized financing costs of $ 1.1 million and $ 1.2 million associated with the amounts repurchased, respectively, are partially offsetting the gross gains on early extinguishment of debt, along with a nominal amount of transaction fees. | text | 200.0 | monetaryItemType | text: <entity> 200.0 </entity> <entity type> monetaryItemType </entity type> <context> On May 1, 2024, the Board approved a bond repurchase program which authorizes the Company to buyback $ 200.0 million of the Company’s outstanding senior notes. Under the program, the Company has repurchased $ 144.3 million of outstanding principal of the Senior Notes due 2031 and $ 20.0 million of outstanding principal of the Senior Notes due 2033, resulting in gross realized gains of $ 13.8 million in the year ended December 29, 2024. The gross realized gains on early extinguishment of debt are recognized as a reduction in interest expense. The original discount and capitalized financing costs of $ 1.1 million and $ 1.2 million associated with the amounts repurchased, respectively, are partially offsetting the gross gains on early extinguishment of debt, along with a nominal amount of transaction fees. </context> | us-gaap:LongTermDebt |
On May 1, 2024, the Board approved a bond repurchase program which authorizes the Company to buyback $ 200.0 million of the Company’s outstanding senior notes. Under the program, the Company has repurchased $ 144.3 million of outstanding principal of the Senior Notes due 2031 and $ 20.0 million of outstanding principal of the Senior Notes due 2033, resulting in gross realized gains of $ 13.8 million in the year ended December 29, 2024. The gross realized gains on early extinguishment of debt are recognized as a reduction in interest expense. The original discount and capitalized financing costs of $ 1.1 million and $ 1.2 million associated with the amounts repurchased, respectively, are partially offsetting the gross gains on early extinguishment of debt, along with a nominal amount of transaction fees. | text | 144.3 | monetaryItemType | text: <entity> 144.3 </entity> <entity type> monetaryItemType </entity type> <context> On May 1, 2024, the Board approved a bond repurchase program which authorizes the Company to buyback $ 200.0 million of the Company’s outstanding senior notes. Under the program, the Company has repurchased $ 144.3 million of outstanding principal of the Senior Notes due 2031 and $ 20.0 million of outstanding principal of the Senior Notes due 2033, resulting in gross realized gains of $ 13.8 million in the year ended December 29, 2024. The gross realized gains on early extinguishment of debt are recognized as a reduction in interest expense. The original discount and capitalized financing costs of $ 1.1 million and $ 1.2 million associated with the amounts repurchased, respectively, are partially offsetting the gross gains on early extinguishment of debt, along with a nominal amount of transaction fees. </context> | us-gaap:LongTermDebt |
On May 1, 2024, the Board approved a bond repurchase program which authorizes the Company to buyback $ 200.0 million of the Company’s outstanding senior notes. Under the program, the Company has repurchased $ 144.3 million of outstanding principal of the Senior Notes due 2031 and $ 20.0 million of outstanding principal of the Senior Notes due 2033, resulting in gross realized gains of $ 13.8 million in the year ended December 29, 2024. The gross realized gains on early extinguishment of debt are recognized as a reduction in interest expense. The original discount and capitalized financing costs of $ 1.1 million and $ 1.2 million associated with the amounts repurchased, respectively, are partially offsetting the gross gains on early extinguishment of debt, along with a nominal amount of transaction fees. | text | 20.0 | monetaryItemType | text: <entity> 20.0 </entity> <entity type> monetaryItemType </entity type> <context> On May 1, 2024, the Board approved a bond repurchase program which authorizes the Company to buyback $ 200.0 million of the Company’s outstanding senior notes. Under the program, the Company has repurchased $ 144.3 million of outstanding principal of the Senior Notes due 2031 and $ 20.0 million of outstanding principal of the Senior Notes due 2033, resulting in gross realized gains of $ 13.8 million in the year ended December 29, 2024. The gross realized gains on early extinguishment of debt are recognized as a reduction in interest expense. The original discount and capitalized financing costs of $ 1.1 million and $ 1.2 million associated with the amounts repurchased, respectively, are partially offsetting the gross gains on early extinguishment of debt, along with a nominal amount of transaction fees. </context> | us-gaap:LongTermDebt |
On May 1, 2024, the Board approved a bond repurchase program which authorizes the Company to buyback $ 200.0 million of the Company’s outstanding senior notes. Under the program, the Company has repurchased $ 144.3 million of outstanding principal of the Senior Notes due 2031 and $ 20.0 million of outstanding principal of the Senior Notes due 2033, resulting in gross realized gains of $ 13.8 million in the year ended December 29, 2024. The gross realized gains on early extinguishment of debt are recognized as a reduction in interest expense. The original discount and capitalized financing costs of $ 1.1 million and $ 1.2 million associated with the amounts repurchased, respectively, are partially offsetting the gross gains on early extinguishment of debt, along with a nominal amount of transaction fees. | text | 13.8 | monetaryItemType | text: <entity> 13.8 </entity> <entity type> monetaryItemType </entity type> <context> On May 1, 2024, the Board approved a bond repurchase program which authorizes the Company to buyback $ 200.0 million of the Company’s outstanding senior notes. Under the program, the Company has repurchased $ 144.3 million of outstanding principal of the Senior Notes due 2031 and $ 20.0 million of outstanding principal of the Senior Notes due 2033, resulting in gross realized gains of $ 13.8 million in the year ended December 29, 2024. The gross realized gains on early extinguishment of debt are recognized as a reduction in interest expense. The original discount and capitalized financing costs of $ 1.1 million and $ 1.2 million associated with the amounts repurchased, respectively, are partially offsetting the gross gains on early extinguishment of debt, along with a nominal amount of transaction fees. </context> | us-gaap:GainLossOnRepurchaseOfDebtInstrument |
On May 1, 2024, the Board approved a bond repurchase program which authorizes the Company to buyback $ 200.0 million of the Company’s outstanding senior notes. Under the program, the Company has repurchased $ 144.3 million of outstanding principal of the Senior Notes due 2031 and $ 20.0 million of outstanding principal of the Senior Notes due 2033, resulting in gross realized gains of $ 13.8 million in the year ended December 29, 2024. The gross realized gains on early extinguishment of debt are recognized as a reduction in interest expense. The original discount and capitalized financing costs of $ 1.1 million and $ 1.2 million associated with the amounts repurchased, respectively, are partially offsetting the gross gains on early extinguishment of debt, along with a nominal amount of transaction fees. | text | 1.1 | monetaryItemType | text: <entity> 1.1 </entity> <entity type> monetaryItemType </entity type> <context> On May 1, 2024, the Board approved a bond repurchase program which authorizes the Company to buyback $ 200.0 million of the Company’s outstanding senior notes. Under the program, the Company has repurchased $ 144.3 million of outstanding principal of the Senior Notes due 2031 and $ 20.0 million of outstanding principal of the Senior Notes due 2033, resulting in gross realized gains of $ 13.8 million in the year ended December 29, 2024. The gross realized gains on early extinguishment of debt are recognized as a reduction in interest expense. The original discount and capitalized financing costs of $ 1.1 million and $ 1.2 million associated with the amounts repurchased, respectively, are partially offsetting the gross gains on early extinguishment of debt, along with a nominal amount of transaction fees. </context> | us-gaap:DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet |
On May 1, 2024, the Board approved a bond repurchase program which authorizes the Company to buyback $ 200.0 million of the Company’s outstanding senior notes. Under the program, the Company has repurchased $ 144.3 million of outstanding principal of the Senior Notes due 2031 and $ 20.0 million of outstanding principal of the Senior Notes due 2033, resulting in gross realized gains of $ 13.8 million in the year ended December 29, 2024. The gross realized gains on early extinguishment of debt are recognized as a reduction in interest expense. The original discount and capitalized financing costs of $ 1.1 million and $ 1.2 million associated with the amounts repurchased, respectively, are partially offsetting the gross gains on early extinguishment of debt, along with a nominal amount of transaction fees. | text | 1.2 | monetaryItemType | text: <entity> 1.2 </entity> <entity type> monetaryItemType </entity type> <context> On May 1, 2024, the Board approved a bond repurchase program which authorizes the Company to buyback $ 200.0 million of the Company’s outstanding senior notes. Under the program, the Company has repurchased $ 144.3 million of outstanding principal of the Senior Notes due 2031 and $ 20.0 million of outstanding principal of the Senior Notes due 2033, resulting in gross realized gains of $ 13.8 million in the year ended December 29, 2024. The gross realized gains on early extinguishment of debt are recognized as a reduction in interest expense. The original discount and capitalized financing costs of $ 1.1 million and $ 1.2 million associated with the amounts repurchased, respectively, are partially offsetting the gross gains on early extinguishment of debt, along with a nominal amount of transaction fees. </context> | us-gaap:DebtInstrumentRepurchaseAmount |
On April 8, 2021, the Company completed a sale of $ 1.0 billion aggregate principal amount of its 4.25 % sustainability-linked unsecured senior notes due 2031 (“Senior Notes due 2031”). The Company used the net proceeds, together with cash on hand, to redeem previously issued senior notes. The issuance price of this offering was 98.994 %, which created gross proceeds of $ 989.9 million. The $ 10.1 million discount will be amortized over the remaining life of the Senior Notes due 2031. Each issuance of the Senior Notes due 2031 is treated as a single class for all purposes under the April 2021 Indenture (defined below) and have the same terms. | text | 1.0 | monetaryItemType | text: <entity> 1.0 </entity> <entity type> monetaryItemType </entity type> <context> On April 8, 2021, the Company completed a sale of $ 1.0 billion aggregate principal amount of its 4.25 % sustainability-linked unsecured senior notes due 2031 (“Senior Notes due 2031”). The Company used the net proceeds, together with cash on hand, to redeem previously issued senior notes. The issuance price of this offering was 98.994 %, which created gross proceeds of $ 989.9 million. The $ 10.1 million discount will be amortized over the remaining life of the Senior Notes due 2031. Each issuance of the Senior Notes due 2031 is treated as a single class for all purposes under the April 2021 Indenture (defined below) and have the same terms. </context> | us-gaap:DebtInstrumentFaceAmount |
On April 8, 2021, the Company completed a sale of $ 1.0 billion aggregate principal amount of its 4.25 % sustainability-linked unsecured senior notes due 2031 (“Senior Notes due 2031”). The Company used the net proceeds, together with cash on hand, to redeem previously issued senior notes. The issuance price of this offering was 98.994 %, which created gross proceeds of $ 989.9 million. The $ 10.1 million discount will be amortized over the remaining life of the Senior Notes due 2031. Each issuance of the Senior Notes due 2031 is treated as a single class for all purposes under the April 2021 Indenture (defined below) and have the same terms. | text | 4.25 | percentItemType | text: <entity> 4.25 </entity> <entity type> percentItemType </entity type> <context> On April 8, 2021, the Company completed a sale of $ 1.0 billion aggregate principal amount of its 4.25 % sustainability-linked unsecured senior notes due 2031 (“Senior Notes due 2031”). The Company used the net proceeds, together with cash on hand, to redeem previously issued senior notes. The issuance price of this offering was 98.994 %, which created gross proceeds of $ 989.9 million. The $ 10.1 million discount will be amortized over the remaining life of the Senior Notes due 2031. Each issuance of the Senior Notes due 2031 is treated as a single class for all purposes under the April 2021 Indenture (defined below) and have the same terms. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
On April 8, 2021, the Company completed a sale of $ 1.0 billion aggregate principal amount of its 4.25 % sustainability-linked unsecured senior notes due 2031 (“Senior Notes due 2031”). The Company used the net proceeds, together with cash on hand, to redeem previously issued senior notes. The issuance price of this offering was 98.994 %, which created gross proceeds of $ 989.9 million. The $ 10.1 million discount will be amortized over the remaining life of the Senior Notes due 2031. Each issuance of the Senior Notes due 2031 is treated as a single class for all purposes under the April 2021 Indenture (defined below) and have the same terms. | text | 989.9 | monetaryItemType | text: <entity> 989.9 </entity> <entity type> monetaryItemType </entity type> <context> On April 8, 2021, the Company completed a sale of $ 1.0 billion aggregate principal amount of its 4.25 % sustainability-linked unsecured senior notes due 2031 (“Senior Notes due 2031”). The Company used the net proceeds, together with cash on hand, to redeem previously issued senior notes. The issuance price of this offering was 98.994 %, which created gross proceeds of $ 989.9 million. The $ 10.1 million discount will be amortized over the remaining life of the Senior Notes due 2031. Each issuance of the Senior Notes due 2031 is treated as a single class for all purposes under the April 2021 Indenture (defined below) and have the same terms. </context> | us-gaap:ProceedsFromIssuanceOfSeniorLongTermDebt |
On April 8, 2021, the Company completed a sale of $ 1.0 billion aggregate principal amount of its 4.25 % sustainability-linked unsecured senior notes due 2031 (“Senior Notes due 2031”). The Company used the net proceeds, together with cash on hand, to redeem previously issued senior notes. The issuance price of this offering was 98.994 %, which created gross proceeds of $ 989.9 million. The $ 10.1 million discount will be amortized over the remaining life of the Senior Notes due 2031. Each issuance of the Senior Notes due 2031 is treated as a single class for all purposes under the April 2021 Indenture (defined below) and have the same terms. | text | 10.1 | monetaryItemType | text: <entity> 10.1 </entity> <entity type> monetaryItemType </entity type> <context> On April 8, 2021, the Company completed a sale of $ 1.0 billion aggregate principal amount of its 4.25 % sustainability-linked unsecured senior notes due 2031 (“Senior Notes due 2031”). The Company used the net proceeds, together with cash on hand, to redeem previously issued senior notes. The issuance price of this offering was 98.994 %, which created gross proceeds of $ 989.9 million. The $ 10.1 million discount will be amortized over the remaining life of the Senior Notes due 2031. Each issuance of the Senior Notes due 2031 is treated as a single class for all purposes under the April 2021 Indenture (defined below) and have the same terms. </context> | us-gaap:DebtInstrumentUnamortizedDiscount |
The Senior Notes due 2031 are governed by, and were issued pursuant to, an indenture dated as of April 8, 2021 by and among the Company, its guarantor subsidiaries and Regions Bank, as trustee (the “April 2021 Indenture”). The April 2021 Indenture provides, among other things, that the Senior Notes due 2031 bear interest at a rate of 4.25 % per annum payable semi-annually on April 15 and October 15 of each year. From and including October 15, 2026, the interest rate payable on the notes shall be increased to 4.50 % per annum unless the Company has notified the trustee at least 30 days prior to October 15, 2026 that in respect of the year ending December 31, 2025, (1) the Company’s greenhouse gas emissions intensity reduction target of 17.679 % by December 31, 2025 from a 2019 baseline (the “Sustainability Performance Target”) has been satisfied and (2) the satisfaction of the Sustainability Performance Target has been confirmed by a qualified provider of third-party assurance or attestation services appointed by the Company to review the Company’s statement of the greenhouse gas emissions intensity in accordance with its customary procedures. | text | 4.25 | percentItemType | text: <entity> 4.25 </entity> <entity type> percentItemType </entity type> <context> The Senior Notes due 2031 are governed by, and were issued pursuant to, an indenture dated as of April 8, 2021 by and among the Company, its guarantor subsidiaries and Regions Bank, as trustee (the “April 2021 Indenture”). The April 2021 Indenture provides, among other things, that the Senior Notes due 2031 bear interest at a rate of 4.25 % per annum payable semi-annually on April 15 and October 15 of each year. From and including October 15, 2026, the interest rate payable on the notes shall be increased to 4.50 % per annum unless the Company has notified the trustee at least 30 days prior to October 15, 2026 that in respect of the year ending December 31, 2025, (1) the Company’s greenhouse gas emissions intensity reduction target of 17.679 % by December 31, 2025 from a 2019 baseline (the “Sustainability Performance Target”) has been satisfied and (2) the satisfaction of the Sustainability Performance Target has been confirmed by a qualified provider of third-party assurance or attestation services appointed by the Company to review the Company’s statement of the greenhouse gas emissions intensity in accordance with its customary procedures. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
On September 2, 2021, the Company completed a sale of $ 900.0 million in aggregate principal amount of its 3.50 % unsecured senior notes due 2032 (“Senior Notes due 2032”). The Company used the proceeds, together with borrowings under the delayed draw term loan under its U.S. Credit Facility, to finance the acquisition of the Kerry Consumer Foods’ meats and meals businesses (now Pilgrim’s Food Masters) and to pay related fees and expenses. Each issuance of the Senior Notes due 2032 is treated as a single class for all purposes under the September 2021 Indenture (defined below) and have the same terms. | text | 900.0 | monetaryItemType | text: <entity> 900.0 </entity> <entity type> monetaryItemType </entity type> <context> On September 2, 2021, the Company completed a sale of $ 900.0 million in aggregate principal amount of its 3.50 % unsecured senior notes due 2032 (“Senior Notes due 2032”). The Company used the proceeds, together with borrowings under the delayed draw term loan under its U.S. Credit Facility, to finance the acquisition of the Kerry Consumer Foods’ meats and meals businesses (now Pilgrim’s Food Masters) and to pay related fees and expenses. Each issuance of the Senior Notes due 2032 is treated as a single class for all purposes under the September 2021 Indenture (defined below) and have the same terms. </context> | us-gaap:DebtInstrumentFaceAmount |
On September 2, 2021, the Company completed a sale of $ 900.0 million in aggregate principal amount of its 3.50 % unsecured senior notes due 2032 (“Senior Notes due 2032”). The Company used the proceeds, together with borrowings under the delayed draw term loan under its U.S. Credit Facility, to finance the acquisition of the Kerry Consumer Foods’ meats and meals businesses (now Pilgrim’s Food Masters) and to pay related fees and expenses. Each issuance of the Senior Notes due 2032 is treated as a single class for all purposes under the September 2021 Indenture (defined below) and have the same terms. | text | 3.50 | percentItemType | text: <entity> 3.50 </entity> <entity type> percentItemType </entity type> <context> On September 2, 2021, the Company completed a sale of $ 900.0 million in aggregate principal amount of its 3.50 % unsecured senior notes due 2032 (“Senior Notes due 2032”). The Company used the proceeds, together with borrowings under the delayed draw term loan under its U.S. Credit Facility, to finance the acquisition of the Kerry Consumer Foods’ meats and meals businesses (now Pilgrim’s Food Masters) and to pay related fees and expenses. Each issuance of the Senior Notes due 2032 is treated as a single class for all purposes under the September 2021 Indenture (defined below) and have the same terms. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
The Senior Notes due 2032 are governed by, and were issued pursuant to, an indenture dated as of September 2, 2021 by and among the Company, its guarantor subsidiaries and Regions Bank, as trustee (the “September 2021 Indenture”). The September 2021 Indenture provides, among other things, that the Senior Notes due 2032 bear interest at a rate of 3.50 % per annum payable semi-annually on March 1 and September 1 of each year. | text | 3.50 | percentItemType | text: <entity> 3.50 </entity> <entity type> percentItemType </entity type> <context> The Senior Notes due 2032 are governed by, and were issued pursuant to, an indenture dated as of September 2, 2021 by and among the Company, its guarantor subsidiaries and Regions Bank, as trustee (the “September 2021 Indenture”). The September 2021 Indenture provides, among other things, that the Senior Notes due 2032 bear interest at a rate of 3.50 % per annum payable semi-annually on March 1 and September 1 of each year. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
On April 19, 2023, the Company completed a sale of $ 1.0 billion aggregate principal amount of its 6.25 % unsecured, registered senior notes due 2033 (“Senior Notes due 2033”). The Company used the net proceeds to repay the term loans and the outstanding balance under the U.S. Credit Facility as defined below. The remaining proceeds were used for general corporate purposes, including repaying existing debt. The issuance price of this offering to the public was 99.312 %, which created gross proceeds of $ 993.1 million before transaction costs. The $ 6.9 million discount will be amortized over the | text | 1.0 | monetaryItemType | text: <entity> 1.0 </entity> <entity type> monetaryItemType </entity type> <context> On April 19, 2023, the Company completed a sale of $ 1.0 billion aggregate principal amount of its 6.25 % unsecured, registered senior notes due 2033 (“Senior Notes due 2033”). The Company used the net proceeds to repay the term loans and the outstanding balance under the U.S. Credit Facility as defined below. The remaining proceeds were used for general corporate purposes, including repaying existing debt. The issuance price of this offering to the public was 99.312 %, which created gross proceeds of $ 993.1 million before transaction costs. The $ 6.9 million discount will be amortized over the </context> | us-gaap:DebtInstrumentFaceAmount |
On April 19, 2023, the Company completed a sale of $ 1.0 billion aggregate principal amount of its 6.25 % unsecured, registered senior notes due 2033 (“Senior Notes due 2033”). The Company used the net proceeds to repay the term loans and the outstanding balance under the U.S. Credit Facility as defined below. The remaining proceeds were used for general corporate purposes, including repaying existing debt. The issuance price of this offering to the public was 99.312 %, which created gross proceeds of $ 993.1 million before transaction costs. The $ 6.9 million discount will be amortized over the | text | 6.25 | percentItemType | text: <entity> 6.25 </entity> <entity type> percentItemType </entity type> <context> On April 19, 2023, the Company completed a sale of $ 1.0 billion aggregate principal amount of its 6.25 % unsecured, registered senior notes due 2033 (“Senior Notes due 2033”). The Company used the net proceeds to repay the term loans and the outstanding balance under the U.S. Credit Facility as defined below. The remaining proceeds were used for general corporate purposes, including repaying existing debt. The issuance price of this offering to the public was 99.312 %, which created gross proceeds of $ 993.1 million before transaction costs. The $ 6.9 million discount will be amortized over the </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
On April 19, 2023, the Company completed a sale of $ 1.0 billion aggregate principal amount of its 6.25 % unsecured, registered senior notes due 2033 (“Senior Notes due 2033”). The Company used the net proceeds to repay the term loans and the outstanding balance under the U.S. Credit Facility as defined below. The remaining proceeds were used for general corporate purposes, including repaying existing debt. The issuance price of this offering to the public was 99.312 %, which created gross proceeds of $ 993.1 million before transaction costs. The $ 6.9 million discount will be amortized over the | text | 993.1 | monetaryItemType | text: <entity> 993.1 </entity> <entity type> monetaryItemType </entity type> <context> On April 19, 2023, the Company completed a sale of $ 1.0 billion aggregate principal amount of its 6.25 % unsecured, registered senior notes due 2033 (“Senior Notes due 2033”). The Company used the net proceeds to repay the term loans and the outstanding balance under the U.S. Credit Facility as defined below. The remaining proceeds were used for general corporate purposes, including repaying existing debt. The issuance price of this offering to the public was 99.312 %, which created gross proceeds of $ 993.1 million before transaction costs. The $ 6.9 million discount will be amortized over the </context> | us-gaap:ProceedsFromIssuanceOfSeniorLongTermDebt |
On April 19, 2023, the Company completed a sale of $ 1.0 billion aggregate principal amount of its 6.25 % unsecured, registered senior notes due 2033 (“Senior Notes due 2033”). The Company used the net proceeds to repay the term loans and the outstanding balance under the U.S. Credit Facility as defined below. The remaining proceeds were used for general corporate purposes, including repaying existing debt. The issuance price of this offering to the public was 99.312 %, which created gross proceeds of $ 993.1 million before transaction costs. The $ 6.9 million discount will be amortized over the | text | 6.9 | monetaryItemType | text: <entity> 6.9 </entity> <entity type> monetaryItemType </entity type> <context> On April 19, 2023, the Company completed a sale of $ 1.0 billion aggregate principal amount of its 6.25 % unsecured, registered senior notes due 2033 (“Senior Notes due 2033”). The Company used the net proceeds to repay the term loans and the outstanding balance under the U.S. Credit Facility as defined below. The remaining proceeds were used for general corporate purposes, including repaying existing debt. The issuance price of this offering to the public was 99.312 %, which created gross proceeds of $ 993.1 million before transaction costs. The $ 6.9 million discount will be amortized over the </context> | us-gaap:DebtInstrumentUnamortizedDiscount |
remaining life of the Senior Notes due 2033. The Senior Notes due 2033 bear interest at a rate of 6.25 % per annum from the date of issuance until maturity, payable semiannually on January 1 and July 1 of each year, commencing on January 1, 2024. | text | 6.25 | percentItemType | text: <entity> 6.25 </entity> <entity type> percentItemType </entity type> <context> remaining life of the Senior Notes due 2033. The Senior Notes due 2033 bear interest at a rate of 6.25 % per annum from the date of issuance until maturity, payable semiannually on January 1 and July 1 of each year, commencing on January 1, 2024. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
On October 12, 2023, the Company completed a sale of $ 500.0 million aggregate principal amount of its 6.875 % unsecured, registered senior notes due 2034 (“Senior Notes due 2034”). The Company used the net proceeds from the offering of the Senior Notes due 2034, together with cash on hand, to repurchase pursuant to a tender offer and redeem all of its outstanding 5.875 % Senior Notes due 2027. The issuance price of this offering to the public was 98.041 %, which created gross proceeds of $ 490.2 million before transaction costs. The $ 9.8 million discount will be amortized over the remaining life of the Senior Notes due 2034. The Senior Notes due 2034 bear interest at a rate of 6.875 % per annum from the date of issuance until maturity, payable semiannually in arrears on May 15 and November 15 of each year, commencing on May 15, 2024. | text | 500.0 | monetaryItemType | text: <entity> 500.0 </entity> <entity type> monetaryItemType </entity type> <context> On October 12, 2023, the Company completed a sale of $ 500.0 million aggregate principal amount of its 6.875 % unsecured, registered senior notes due 2034 (“Senior Notes due 2034”). The Company used the net proceeds from the offering of the Senior Notes due 2034, together with cash on hand, to repurchase pursuant to a tender offer and redeem all of its outstanding 5.875 % Senior Notes due 2027. The issuance price of this offering to the public was 98.041 %, which created gross proceeds of $ 490.2 million before transaction costs. The $ 9.8 million discount will be amortized over the remaining life of the Senior Notes due 2034. The Senior Notes due 2034 bear interest at a rate of 6.875 % per annum from the date of issuance until maturity, payable semiannually in arrears on May 15 and November 15 of each year, commencing on May 15, 2024. </context> | us-gaap:DebtInstrumentFaceAmount |
On October 12, 2023, the Company completed a sale of $ 500.0 million aggregate principal amount of its 6.875 % unsecured, registered senior notes due 2034 (“Senior Notes due 2034”). The Company used the net proceeds from the offering of the Senior Notes due 2034, together with cash on hand, to repurchase pursuant to a tender offer and redeem all of its outstanding 5.875 % Senior Notes due 2027. The issuance price of this offering to the public was 98.041 %, which created gross proceeds of $ 490.2 million before transaction costs. The $ 9.8 million discount will be amortized over the remaining life of the Senior Notes due 2034. The Senior Notes due 2034 bear interest at a rate of 6.875 % per annum from the date of issuance until maturity, payable semiannually in arrears on May 15 and November 15 of each year, commencing on May 15, 2024. | text | 6.875 | percentItemType | text: <entity> 6.875 </entity> <entity type> percentItemType </entity type> <context> On October 12, 2023, the Company completed a sale of $ 500.0 million aggregate principal amount of its 6.875 % unsecured, registered senior notes due 2034 (“Senior Notes due 2034”). The Company used the net proceeds from the offering of the Senior Notes due 2034, together with cash on hand, to repurchase pursuant to a tender offer and redeem all of its outstanding 5.875 % Senior Notes due 2027. The issuance price of this offering to the public was 98.041 %, which created gross proceeds of $ 490.2 million before transaction costs. The $ 9.8 million discount will be amortized over the remaining life of the Senior Notes due 2034. The Senior Notes due 2034 bear interest at a rate of 6.875 % per annum from the date of issuance until maturity, payable semiannually in arrears on May 15 and November 15 of each year, commencing on May 15, 2024. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
On October 12, 2023, the Company completed a sale of $ 500.0 million aggregate principal amount of its 6.875 % unsecured, registered senior notes due 2034 (“Senior Notes due 2034”). The Company used the net proceeds from the offering of the Senior Notes due 2034, together with cash on hand, to repurchase pursuant to a tender offer and redeem all of its outstanding 5.875 % Senior Notes due 2027. The issuance price of this offering to the public was 98.041 %, which created gross proceeds of $ 490.2 million before transaction costs. The $ 9.8 million discount will be amortized over the remaining life of the Senior Notes due 2034. The Senior Notes due 2034 bear interest at a rate of 6.875 % per annum from the date of issuance until maturity, payable semiannually in arrears on May 15 and November 15 of each year, commencing on May 15, 2024. | text | 5.875 | percentItemType | text: <entity> 5.875 </entity> <entity type> percentItemType </entity type> <context> On October 12, 2023, the Company completed a sale of $ 500.0 million aggregate principal amount of its 6.875 % unsecured, registered senior notes due 2034 (“Senior Notes due 2034”). The Company used the net proceeds from the offering of the Senior Notes due 2034, together with cash on hand, to repurchase pursuant to a tender offer and redeem all of its outstanding 5.875 % Senior Notes due 2027. The issuance price of this offering to the public was 98.041 %, which created gross proceeds of $ 490.2 million before transaction costs. The $ 9.8 million discount will be amortized over the remaining life of the Senior Notes due 2034. The Senior Notes due 2034 bear interest at a rate of 6.875 % per annum from the date of issuance until maturity, payable semiannually in arrears on May 15 and November 15 of each year, commencing on May 15, 2024. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
On October 12, 2023, the Company completed a sale of $ 500.0 million aggregate principal amount of its 6.875 % unsecured, registered senior notes due 2034 (“Senior Notes due 2034”). The Company used the net proceeds from the offering of the Senior Notes due 2034, together with cash on hand, to repurchase pursuant to a tender offer and redeem all of its outstanding 5.875 % Senior Notes due 2027. The issuance price of this offering to the public was 98.041 %, which created gross proceeds of $ 490.2 million before transaction costs. The $ 9.8 million discount will be amortized over the remaining life of the Senior Notes due 2034. The Senior Notes due 2034 bear interest at a rate of 6.875 % per annum from the date of issuance until maturity, payable semiannually in arrears on May 15 and November 15 of each year, commencing on May 15, 2024. | text | 490.2 | monetaryItemType | text: <entity> 490.2 </entity> <entity type> monetaryItemType </entity type> <context> On October 12, 2023, the Company completed a sale of $ 500.0 million aggregate principal amount of its 6.875 % unsecured, registered senior notes due 2034 (“Senior Notes due 2034”). The Company used the net proceeds from the offering of the Senior Notes due 2034, together with cash on hand, to repurchase pursuant to a tender offer and redeem all of its outstanding 5.875 % Senior Notes due 2027. The issuance price of this offering to the public was 98.041 %, which created gross proceeds of $ 490.2 million before transaction costs. The $ 9.8 million discount will be amortized over the remaining life of the Senior Notes due 2034. The Senior Notes due 2034 bear interest at a rate of 6.875 % per annum from the date of issuance until maturity, payable semiannually in arrears on May 15 and November 15 of each year, commencing on May 15, 2024. </context> | us-gaap:ProceedsFromIssuanceOfSeniorLongTermDebt |
On October 12, 2023, the Company completed a sale of $ 500.0 million aggregate principal amount of its 6.875 % unsecured, registered senior notes due 2034 (“Senior Notes due 2034”). The Company used the net proceeds from the offering of the Senior Notes due 2034, together with cash on hand, to repurchase pursuant to a tender offer and redeem all of its outstanding 5.875 % Senior Notes due 2027. The issuance price of this offering to the public was 98.041 %, which created gross proceeds of $ 490.2 million before transaction costs. The $ 9.8 million discount will be amortized over the remaining life of the Senior Notes due 2034. The Senior Notes due 2034 bear interest at a rate of 6.875 % per annum from the date of issuance until maturity, payable semiannually in arrears on May 15 and November 15 of each year, commencing on May 15, 2024. | text | 9.8 | monetaryItemType | text: <entity> 9.8 </entity> <entity type> monetaryItemType </entity type> <context> On October 12, 2023, the Company completed a sale of $ 500.0 million aggregate principal amount of its 6.875 % unsecured, registered senior notes due 2034 (“Senior Notes due 2034”). The Company used the net proceeds from the offering of the Senior Notes due 2034, together with cash on hand, to repurchase pursuant to a tender offer and redeem all of its outstanding 5.875 % Senior Notes due 2027. The issuance price of this offering to the public was 98.041 %, which created gross proceeds of $ 490.2 million before transaction costs. The $ 9.8 million discount will be amortized over the remaining life of the Senior Notes due 2034. The Senior Notes due 2034 bear interest at a rate of 6.875 % per annum from the date of issuance until maturity, payable semiannually in arrears on May 15 and November 15 of each year, commencing on May 15, 2024. </context> | us-gaap:DebtInstrumentUnamortizedDiscount |
On October 4, 2023, the Company and certain of the Company’s subsidiaries entered into a Revolving Syndicated Facility Agreement (the “U.S. Credit Facility”) with CoBank, ACB as administrative agent and the other lenders party thereto. The U.S. Credit Facility provides for a revolving loan commitment of up to $ 850 million. The loan commitment matures on October 4, 2028. The U.S. Credit Facility is unsecured and will be used for general corporate purposes. Outstanding borrowings under the U.S. Credit Facility bear interest at a per annum rate equal to either the Secured Overnight Financing Rate (“SOFR”) or the prime rate plus applicable margins based on the Company’s credit ratings. As of December 29, 2024, the Company had outstanding letters of credit and available borrowings under the revolving credit commitment of $ 24.2 million and $ 825.8 million , respectively, and there were no outstanding borrowings under this agreement. | text | 850 | monetaryItemType | text: <entity> 850 </entity> <entity type> monetaryItemType </entity type> <context> On October 4, 2023, the Company and certain of the Company’s subsidiaries entered into a Revolving Syndicated Facility Agreement (the “U.S. Credit Facility”) with CoBank, ACB as administrative agent and the other lenders party thereto. The U.S. Credit Facility provides for a revolving loan commitment of up to $ 850 million. The loan commitment matures on October 4, 2028. The U.S. Credit Facility is unsecured and will be used for general corporate purposes. Outstanding borrowings under the U.S. Credit Facility bear interest at a per annum rate equal to either the Secured Overnight Financing Rate (“SOFR”) or the prime rate plus applicable margins based on the Company’s credit ratings. As of December 29, 2024, the Company had outstanding letters of credit and available borrowings under the revolving credit commitment of $ 24.2 million and $ 825.8 million , respectively, and there were no outstanding borrowings under this agreement. </context> | us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity |
On October 4, 2023, the Company and certain of the Company’s subsidiaries entered into a Revolving Syndicated Facility Agreement (the “U.S. Credit Facility”) with CoBank, ACB as administrative agent and the other lenders party thereto. The U.S. Credit Facility provides for a revolving loan commitment of up to $ 850 million. The loan commitment matures on October 4, 2028. The U.S. Credit Facility is unsecured and will be used for general corporate purposes. Outstanding borrowings under the U.S. Credit Facility bear interest at a per annum rate equal to either the Secured Overnight Financing Rate (“SOFR”) or the prime rate plus applicable margins based on the Company’s credit ratings. As of December 29, 2024, the Company had outstanding letters of credit and available borrowings under the revolving credit commitment of $ 24.2 million and $ 825.8 million , respectively, and there were no outstanding borrowings under this agreement. | text | 24.2 | monetaryItemType | text: <entity> 24.2 </entity> <entity type> monetaryItemType </entity type> <context> On October 4, 2023, the Company and certain of the Company’s subsidiaries entered into a Revolving Syndicated Facility Agreement (the “U.S. Credit Facility”) with CoBank, ACB as administrative agent and the other lenders party thereto. The U.S. Credit Facility provides for a revolving loan commitment of up to $ 850 million. The loan commitment matures on October 4, 2028. The U.S. Credit Facility is unsecured and will be used for general corporate purposes. Outstanding borrowings under the U.S. Credit Facility bear interest at a per annum rate equal to either the Secured Overnight Financing Rate (“SOFR”) or the prime rate plus applicable margins based on the Company’s credit ratings. As of December 29, 2024, the Company had outstanding letters of credit and available borrowings under the revolving credit commitment of $ 24.2 million and $ 825.8 million , respectively, and there were no outstanding borrowings under this agreement. </context> | us-gaap:LettersOfCreditOutstandingAmount |
On October 4, 2023, the Company and certain of the Company’s subsidiaries entered into a Revolving Syndicated Facility Agreement (the “U.S. Credit Facility”) with CoBank, ACB as administrative agent and the other lenders party thereto. The U.S. Credit Facility provides for a revolving loan commitment of up to $ 850 million. The loan commitment matures on October 4, 2028. The U.S. Credit Facility is unsecured and will be used for general corporate purposes. Outstanding borrowings under the U.S. Credit Facility bear interest at a per annum rate equal to either the Secured Overnight Financing Rate (“SOFR”) or the prime rate plus applicable margins based on the Company’s credit ratings. As of December 29, 2024, the Company had outstanding letters of credit and available borrowings under the revolving credit commitment of $ 24.2 million and $ 825.8 million , respectively, and there were no outstanding borrowings under this agreement. | text | 825.8 | monetaryItemType | text: <entity> 825.8 </entity> <entity type> monetaryItemType </entity type> <context> On October 4, 2023, the Company and certain of the Company’s subsidiaries entered into a Revolving Syndicated Facility Agreement (the “U.S. Credit Facility”) with CoBank, ACB as administrative agent and the other lenders party thereto. The U.S. Credit Facility provides for a revolving loan commitment of up to $ 850 million. The loan commitment matures on October 4, 2028. The U.S. Credit Facility is unsecured and will be used for general corporate purposes. Outstanding borrowings under the U.S. Credit Facility bear interest at a per annum rate equal to either the Secured Overnight Financing Rate (“SOFR”) or the prime rate plus applicable margins based on the Company’s credit ratings. As of December 29, 2024, the Company had outstanding letters of credit and available borrowings under the revolving credit commitment of $ 24.2 million and $ 825.8 million , respectively, and there were no outstanding borrowings under this agreement. </context> | us-gaap:LineOfCreditFacilityRemainingBorrowingCapacity |
On October 4, 2023, the Company and certain of the Company’s subsidiaries entered into a Revolving Syndicated Facility Agreement (the “U.S. Credit Facility”) with CoBank, ACB as administrative agent and the other lenders party thereto. The U.S. Credit Facility provides for a revolving loan commitment of up to $ 850 million. The loan commitment matures on October 4, 2028. The U.S. Credit Facility is unsecured and will be used for general corporate purposes. Outstanding borrowings under the U.S. Credit Facility bear interest at a per annum rate equal to either the Secured Overnight Financing Rate (“SOFR”) or the prime rate plus applicable margins based on the Company’s credit ratings. As of December 29, 2024, the Company had outstanding letters of credit and available borrowings under the revolving credit commitment of $ 24.2 million and $ 825.8 million , respectively, and there were no outstanding borrowings under this agreement. | text | no | monetaryItemType | text: <entity> no </entity> <entity type> monetaryItemType </entity type> <context> On October 4, 2023, the Company and certain of the Company’s subsidiaries entered into a Revolving Syndicated Facility Agreement (the “U.S. Credit Facility”) with CoBank, ACB as administrative agent and the other lenders party thereto. The U.S. Credit Facility provides for a revolving loan commitment of up to $ 850 million. The loan commitment matures on October 4, 2028. The U.S. Credit Facility is unsecured and will be used for general corporate purposes. Outstanding borrowings under the U.S. Credit Facility bear interest at a per annum rate equal to either the Secured Overnight Financing Rate (“SOFR”) or the prime rate plus applicable margins based on the Company’s credit ratings. As of December 29, 2024, the Company had outstanding letters of credit and available borrowings under the revolving credit commitment of $ 24.2 million and $ 825.8 million , respectively, and there were no outstanding borrowings under this agreement. </context> | us-gaap:LineOfCreditFacilityFairValueOfAmountOutstanding |
On June 24, 2022, Moy Park Holdings (Europe) Ltd. (“MPH(E)”) and other Pilgrim’s entities located in the U.K. and Republic of Ireland entered into an unsecured multicurrency revolving facility agreement (the “Europe Credit Facility”) with the Governor and Company of the Bank of Ireland, as agent, and the other lenders party thereto. The Europe Credit Facility provides for a multicurrency revolving loan commitment of up to £ 150.0 million. The loan commitment matures on June 24, 2027. Outstanding borrowings bear interest at the current Sterling Overnight Index Average (“SONIA”) interest rate plus 1.25 %. All obligations under this agreement are guaranteed by certain of the Company’s subsidiaries. As of December 29, 2024, both the U.S. dollar-equivalent loan commitment and borrowing availability were $ 188.6 million and there were no outstanding borrowings under this agreement. | text | 150.0 | monetaryItemType | text: <entity> 150.0 </entity> <entity type> monetaryItemType </entity type> <context> On June 24, 2022, Moy Park Holdings (Europe) Ltd. (“MPH(E)”) and other Pilgrim’s entities located in the U.K. and Republic of Ireland entered into an unsecured multicurrency revolving facility agreement (the “Europe Credit Facility”) with the Governor and Company of the Bank of Ireland, as agent, and the other lenders party thereto. The Europe Credit Facility provides for a multicurrency revolving loan commitment of up to £ 150.0 million. The loan commitment matures on June 24, 2027. Outstanding borrowings bear interest at the current Sterling Overnight Index Average (“SONIA”) interest rate plus 1.25 %. All obligations under this agreement are guaranteed by certain of the Company’s subsidiaries. As of December 29, 2024, both the U.S. dollar-equivalent loan commitment and borrowing availability were $ 188.6 million and there were no outstanding borrowings under this agreement. </context> | us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity |
On June 24, 2022, Moy Park Holdings (Europe) Ltd. (“MPH(E)”) and other Pilgrim’s entities located in the U.K. and Republic of Ireland entered into an unsecured multicurrency revolving facility agreement (the “Europe Credit Facility”) with the Governor and Company of the Bank of Ireland, as agent, and the other lenders party thereto. The Europe Credit Facility provides for a multicurrency revolving loan commitment of up to £ 150.0 million. The loan commitment matures on June 24, 2027. Outstanding borrowings bear interest at the current Sterling Overnight Index Average (“SONIA”) interest rate plus 1.25 %. All obligations under this agreement are guaranteed by certain of the Company’s subsidiaries. As of December 29, 2024, both the U.S. dollar-equivalent loan commitment and borrowing availability were $ 188.6 million and there were no outstanding borrowings under this agreement. | text | 1.25 | percentItemType | text: <entity> 1.25 </entity> <entity type> percentItemType </entity type> <context> On June 24, 2022, Moy Park Holdings (Europe) Ltd. (“MPH(E)”) and other Pilgrim’s entities located in the U.K. and Republic of Ireland entered into an unsecured multicurrency revolving facility agreement (the “Europe Credit Facility”) with the Governor and Company of the Bank of Ireland, as agent, and the other lenders party thereto. The Europe Credit Facility provides for a multicurrency revolving loan commitment of up to £ 150.0 million. The loan commitment matures on June 24, 2027. Outstanding borrowings bear interest at the current Sterling Overnight Index Average (“SONIA”) interest rate plus 1.25 %. All obligations under this agreement are guaranteed by certain of the Company’s subsidiaries. As of December 29, 2024, both the U.S. dollar-equivalent loan commitment and borrowing availability were $ 188.6 million and there were no outstanding borrowings under this agreement. </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
On June 24, 2022, Moy Park Holdings (Europe) Ltd. (“MPH(E)”) and other Pilgrim’s entities located in the U.K. and Republic of Ireland entered into an unsecured multicurrency revolving facility agreement (the “Europe Credit Facility”) with the Governor and Company of the Bank of Ireland, as agent, and the other lenders party thereto. The Europe Credit Facility provides for a multicurrency revolving loan commitment of up to £ 150.0 million. The loan commitment matures on June 24, 2027. Outstanding borrowings bear interest at the current Sterling Overnight Index Average (“SONIA”) interest rate plus 1.25 %. All obligations under this agreement are guaranteed by certain of the Company’s subsidiaries. As of December 29, 2024, both the U.S. dollar-equivalent loan commitment and borrowing availability were $ 188.6 million and there were no outstanding borrowings under this agreement. | text | 188.6 | monetaryItemType | text: <entity> 188.6 </entity> <entity type> monetaryItemType </entity type> <context> On June 24, 2022, Moy Park Holdings (Europe) Ltd. (“MPH(E)”) and other Pilgrim’s entities located in the U.K. and Republic of Ireland entered into an unsecured multicurrency revolving facility agreement (the “Europe Credit Facility”) with the Governor and Company of the Bank of Ireland, as agent, and the other lenders party thereto. The Europe Credit Facility provides for a multicurrency revolving loan commitment of up to £ 150.0 million. The loan commitment matures on June 24, 2027. Outstanding borrowings bear interest at the current Sterling Overnight Index Average (“SONIA”) interest rate plus 1.25 %. All obligations under this agreement are guaranteed by certain of the Company’s subsidiaries. As of December 29, 2024, both the U.S. dollar-equivalent loan commitment and borrowing availability were $ 188.6 million and there were no outstanding borrowings under this agreement. </context> | us-gaap:LineOfCreditFacilityRemainingBorrowingCapacity |
On June 24, 2022, Moy Park Holdings (Europe) Ltd. (“MPH(E)”) and other Pilgrim’s entities located in the U.K. and Republic of Ireland entered into an unsecured multicurrency revolving facility agreement (the “Europe Credit Facility”) with the Governor and Company of the Bank of Ireland, as agent, and the other lenders party thereto. The Europe Credit Facility provides for a multicurrency revolving loan commitment of up to £ 150.0 million. The loan commitment matures on June 24, 2027. Outstanding borrowings bear interest at the current Sterling Overnight Index Average (“SONIA”) interest rate plus 1.25 %. All obligations under this agreement are guaranteed by certain of the Company’s subsidiaries. As of December 29, 2024, both the U.S. dollar-equivalent loan commitment and borrowing availability were $ 188.6 million and there were no outstanding borrowings under this agreement. | text | no | monetaryItemType | text: <entity> no </entity> <entity type> monetaryItemType </entity type> <context> On June 24, 2022, Moy Park Holdings (Europe) Ltd. (“MPH(E)”) and other Pilgrim’s entities located in the U.K. and Republic of Ireland entered into an unsecured multicurrency revolving facility agreement (the “Europe Credit Facility”) with the Governor and Company of the Bank of Ireland, as agent, and the other lenders party thereto. The Europe Credit Facility provides for a multicurrency revolving loan commitment of up to £ 150.0 million. The loan commitment matures on June 24, 2027. Outstanding borrowings bear interest at the current Sterling Overnight Index Average (“SONIA”) interest rate plus 1.25 %. All obligations under this agreement are guaranteed by certain of the Company’s subsidiaries. As of December 29, 2024, both the U.S. dollar-equivalent loan commitment and borrowing availability were $ 188.6 million and there were no outstanding borrowings under this agreement. </context> | us-gaap:LineOfCreditFacilityFairValueOfAmountOutstanding |
On August 15, 2023, certain of the Company’s Mexican subsidiaries entered into an unsecured credit agreement (the “Mexico Credit Facility”) with BBVA México as lender. The loan commitment under the Mexico Credit Facility is Mex$ 1.1 billion and can be borrowed on a revolving basis. Outstanding borrowings under the Mexico Credit Facility accrue interest at a rate equal to The Interbank Equilibrium Interest (“TIIE”) rate plus 1.35 %. The Mexico Credit Facility contains covenants and defaults that the Company believes are customary for transactions of this type. The Mexico Credit Facility will be used for general corporate and working capital purposes. The Mexico Credit Facility will mature on August 15, 2026. As of December 29, 2024, the U.S. dollar-equivalent of the loan commitment and borrowing availability was $ 54.6 million. As of December 29, 2024, there were no outstanding borrowings under the Mexico Credit Facility. The Company is currently in compliance with the covenants under the Mexico Credit Facility. | text | 1.1 | monetaryItemType | text: <entity> 1.1 </entity> <entity type> monetaryItemType </entity type> <context> On August 15, 2023, certain of the Company’s Mexican subsidiaries entered into an unsecured credit agreement (the “Mexico Credit Facility”) with BBVA México as lender. The loan commitment under the Mexico Credit Facility is Mex$ 1.1 billion and can be borrowed on a revolving basis. Outstanding borrowings under the Mexico Credit Facility accrue interest at a rate equal to The Interbank Equilibrium Interest (“TIIE”) rate plus 1.35 %. The Mexico Credit Facility contains covenants and defaults that the Company believes are customary for transactions of this type. The Mexico Credit Facility will be used for general corporate and working capital purposes. The Mexico Credit Facility will mature on August 15, 2026. As of December 29, 2024, the U.S. dollar-equivalent of the loan commitment and borrowing availability was $ 54.6 million. As of December 29, 2024, there were no outstanding borrowings under the Mexico Credit Facility. The Company is currently in compliance with the covenants under the Mexico Credit Facility. </context> | us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity |
On August 15, 2023, certain of the Company’s Mexican subsidiaries entered into an unsecured credit agreement (the “Mexico Credit Facility”) with BBVA México as lender. The loan commitment under the Mexico Credit Facility is Mex$ 1.1 billion and can be borrowed on a revolving basis. Outstanding borrowings under the Mexico Credit Facility accrue interest at a rate equal to The Interbank Equilibrium Interest (“TIIE”) rate plus 1.35 %. The Mexico Credit Facility contains covenants and defaults that the Company believes are customary for transactions of this type. The Mexico Credit Facility will be used for general corporate and working capital purposes. The Mexico Credit Facility will mature on August 15, 2026. As of December 29, 2024, the U.S. dollar-equivalent of the loan commitment and borrowing availability was $ 54.6 million. As of December 29, 2024, there were no outstanding borrowings under the Mexico Credit Facility. The Company is currently in compliance with the covenants under the Mexico Credit Facility. | text | 1.35 | percentItemType | text: <entity> 1.35 </entity> <entity type> percentItemType </entity type> <context> On August 15, 2023, certain of the Company’s Mexican subsidiaries entered into an unsecured credit agreement (the “Mexico Credit Facility”) with BBVA México as lender. The loan commitment under the Mexico Credit Facility is Mex$ 1.1 billion and can be borrowed on a revolving basis. Outstanding borrowings under the Mexico Credit Facility accrue interest at a rate equal to The Interbank Equilibrium Interest (“TIIE”) rate plus 1.35 %. The Mexico Credit Facility contains covenants and defaults that the Company believes are customary for transactions of this type. The Mexico Credit Facility will be used for general corporate and working capital purposes. The Mexico Credit Facility will mature on August 15, 2026. As of December 29, 2024, the U.S. dollar-equivalent of the loan commitment and borrowing availability was $ 54.6 million. As of December 29, 2024, there were no outstanding borrowings under the Mexico Credit Facility. The Company is currently in compliance with the covenants under the Mexico Credit Facility. </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
On August 15, 2023, certain of the Company’s Mexican subsidiaries entered into an unsecured credit agreement (the “Mexico Credit Facility”) with BBVA México as lender. The loan commitment under the Mexico Credit Facility is Mex$ 1.1 billion and can be borrowed on a revolving basis. Outstanding borrowings under the Mexico Credit Facility accrue interest at a rate equal to The Interbank Equilibrium Interest (“TIIE”) rate plus 1.35 %. The Mexico Credit Facility contains covenants and defaults that the Company believes are customary for transactions of this type. The Mexico Credit Facility will be used for general corporate and working capital purposes. The Mexico Credit Facility will mature on August 15, 2026. As of December 29, 2024, the U.S. dollar-equivalent of the loan commitment and borrowing availability was $ 54.6 million. As of December 29, 2024, there were no outstanding borrowings under the Mexico Credit Facility. The Company is currently in compliance with the covenants under the Mexico Credit Facility. | text | 54.6 | monetaryItemType | text: <entity> 54.6 </entity> <entity type> monetaryItemType </entity type> <context> On August 15, 2023, certain of the Company’s Mexican subsidiaries entered into an unsecured credit agreement (the “Mexico Credit Facility”) with BBVA México as lender. The loan commitment under the Mexico Credit Facility is Mex$ 1.1 billion and can be borrowed on a revolving basis. Outstanding borrowings under the Mexico Credit Facility accrue interest at a rate equal to The Interbank Equilibrium Interest (“TIIE”) rate plus 1.35 %. The Mexico Credit Facility contains covenants and defaults that the Company believes are customary for transactions of this type. The Mexico Credit Facility will be used for general corporate and working capital purposes. The Mexico Credit Facility will mature on August 15, 2026. As of December 29, 2024, the U.S. dollar-equivalent of the loan commitment and borrowing availability was $ 54.6 million. As of December 29, 2024, there were no outstanding borrowings under the Mexico Credit Facility. The Company is currently in compliance with the covenants under the Mexico Credit Facility. </context> | us-gaap:LineOfCreditFacilityRemainingBorrowingCapacity |
On August 15, 2023, certain of the Company’s Mexican subsidiaries entered into an unsecured credit agreement (the “Mexico Credit Facility”) with BBVA México as lender. The loan commitment under the Mexico Credit Facility is Mex$ 1.1 billion and can be borrowed on a revolving basis. Outstanding borrowings under the Mexico Credit Facility accrue interest at a rate equal to The Interbank Equilibrium Interest (“TIIE”) rate plus 1.35 %. The Mexico Credit Facility contains covenants and defaults that the Company believes are customary for transactions of this type. The Mexico Credit Facility will be used for general corporate and working capital purposes. The Mexico Credit Facility will mature on August 15, 2026. As of December 29, 2024, the U.S. dollar-equivalent of the loan commitment and borrowing availability was $ 54.6 million. As of December 29, 2024, there were no outstanding borrowings under the Mexico Credit Facility. The Company is currently in compliance with the covenants under the Mexico Credit Facility. | text | no | monetaryItemType | text: <entity> no </entity> <entity type> monetaryItemType </entity type> <context> On August 15, 2023, certain of the Company’s Mexican subsidiaries entered into an unsecured credit agreement (the “Mexico Credit Facility”) with BBVA México as lender. The loan commitment under the Mexico Credit Facility is Mex$ 1.1 billion and can be borrowed on a revolving basis. Outstanding borrowings under the Mexico Credit Facility accrue interest at a rate equal to The Interbank Equilibrium Interest (“TIIE”) rate plus 1.35 %. The Mexico Credit Facility contains covenants and defaults that the Company believes are customary for transactions of this type. The Mexico Credit Facility will be used for general corporate and working capital purposes. The Mexico Credit Facility will mature on August 15, 2026. As of December 29, 2024, the U.S. dollar-equivalent of the loan commitment and borrowing availability was $ 54.6 million. As of December 29, 2024, there were no outstanding borrowings under the Mexico Credit Facility. The Company is currently in compliance with the covenants under the Mexico Credit Facility. </context> | us-gaap:LongTermDebt |
On October 10, 2022, the Company entered into a property assessed clean energy (“PACE”) financing program, required by Section 15 of the Property Assessed Clean Energy Act to fund various energy projects, with the city of Live Oak, Florida. The loan bears interest at 5.15 %, and is secured by a special assessment on the property. The repayment of the loan is assessed and amortized over a 30 -year term, payable in equal annual installments including principal, interest, and assessment administrative fees at the same time and in the same installments as the general taxes on the property. As of December 29, 2024, there were $ 20.6 million of outstanding principal under the Live Oak CHP Project PACE Loan. | text | 5.15 | percentItemType | text: <entity> 5.15 </entity> <entity type> percentItemType </entity type> <context> On October 10, 2022, the Company entered into a property assessed clean energy (“PACE”) financing program, required by Section 15 of the Property Assessed Clean Energy Act to fund various energy projects, with the city of Live Oak, Florida. The loan bears interest at 5.15 %, and is secured by a special assessment on the property. The repayment of the loan is assessed and amortized over a 30 -year term, payable in equal annual installments including principal, interest, and assessment administrative fees at the same time and in the same installments as the general taxes on the property. As of December 29, 2024, there were $ 20.6 million of outstanding principal under the Live Oak CHP Project PACE Loan. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
On October 10, 2022, the Company entered into a property assessed clean energy (“PACE”) financing program, required by Section 15 of the Property Assessed Clean Energy Act to fund various energy projects, with the city of Live Oak, Florida. The loan bears interest at 5.15 %, and is secured by a special assessment on the property. The repayment of the loan is assessed and amortized over a 30 -year term, payable in equal annual installments including principal, interest, and assessment administrative fees at the same time and in the same installments as the general taxes on the property. As of December 29, 2024, there were $ 20.6 million of outstanding principal under the Live Oak CHP Project PACE Loan. | text | 20.6 | monetaryItemType | text: <entity> 20.6 </entity> <entity type> monetaryItemType </entity type> <context> On October 10, 2022, the Company entered into a property assessed clean energy (“PACE”) financing program, required by Section 15 of the Property Assessed Clean Energy Act to fund various energy projects, with the city of Live Oak, Florida. The loan bears interest at 5.15 %, and is secured by a special assessment on the property. The repayment of the loan is assessed and amortized over a 30 -year term, payable in equal annual installments including principal, interest, and assessment administrative fees at the same time and in the same installments as the general taxes on the property. As of December 29, 2024, there were $ 20.6 million of outstanding principal under the Live Oak CHP Project PACE Loan. </context> | us-gaap:LongTermDebt |
The Company has authorized 50,000,000 shares of $ 0.01 par value preferred stock, although no shares have been issued and no shares are outstanding. | text | 50000000 | sharesItemType | text: <entity> 50000000 </entity> <entity type> sharesItemType </entity type> <context> The Company has authorized 50,000,000 shares of $ 0.01 par value preferred stock, although no shares have been issued and no shares are outstanding. </context> | us-gaap:PreferredStockSharesAuthorized |
The Company has authorized 50,000,000 shares of $ 0.01 par value preferred stock, although no shares have been issued and no shares are outstanding. | text | 0.01 | perShareItemType | text: <entity> 0.01 </entity> <entity type> perShareItemType </entity type> <context> The Company has authorized 50,000,000 shares of $ 0.01 par value preferred stock, although no shares have been issued and no shares are outstanding. </context> | us-gaap:PreferredStockParOrStatedValuePerShare |
The Company has authorized 50,000,000 shares of $ 0.01 par value preferred stock, although no shares have been issued and no shares are outstanding. | text | no | sharesItemType | text: <entity> no </entity> <entity type> sharesItemType </entity type> <context> The Company has authorized 50,000,000 shares of $ 0.01 par value preferred stock, although no shares have been issued and no shares are outstanding. </context> | us-gaap:PreferredStockSharesIssued |
The Company has authorized 50,000,000 shares of $ 0.01 par value preferred stock, although no shares have been issued and no shares are outstanding. | text | no | sharesItemType | text: <entity> no </entity> <entity type> sharesItemType </entity type> <context> The Company has authorized 50,000,000 shares of $ 0.01 par value preferred stock, although no shares have been issued and no shares are outstanding. </context> | us-gaap:PreferredStockSharesOutstanding |
The Company sponsors programs that provide retirement benefits to most of its employees. These programs include qualified defined benefit pension plans such as the Pilgrim’s Pride Retirement Plan for Union Employees (the “Union Plan”) the Pilgrim’s Pride Pension Plan for Legacy Gold Kist Employees (the “GK Pension Plan”), the Tulip Limited Pension Plan and the Geo Adams Group Pension Fund, nonqualified defined benefit retirement plans, a defined benefit postretirement life insurance plan and defined contribution retirement savings plan. Expenses recognized under all retirement plans totaled $ 56.9 million, $ 32.0 million and $ 30.9 million in 2024, 2023 and 2022, respectively. The expenses recognized in 2024 include $ 21.7 million of loss recognized on the settlement of the terminated GK and Union pension plans, defined below. | text | 56.9 | monetaryItemType | text: <entity> 56.9 </entity> <entity type> monetaryItemType </entity type> <context> The Company sponsors programs that provide retirement benefits to most of its employees. These programs include qualified defined benefit pension plans such as the Pilgrim’s Pride Retirement Plan for Union Employees (the “Union Plan”) the Pilgrim’s Pride Pension Plan for Legacy Gold Kist Employees (the “GK Pension Plan”), the Tulip Limited Pension Plan and the Geo Adams Group Pension Fund, nonqualified defined benefit retirement plans, a defined benefit postretirement life insurance plan and defined contribution retirement savings plan. Expenses recognized under all retirement plans totaled $ 56.9 million, $ 32.0 million and $ 30.9 million in 2024, 2023 and 2022, respectively. The expenses recognized in 2024 include $ 21.7 million of loss recognized on the settlement of the terminated GK and Union pension plans, defined below. </context> | us-gaap:PensionAndOtherPostretirementBenefitExpense |
The Company sponsors programs that provide retirement benefits to most of its employees. These programs include qualified defined benefit pension plans such as the Pilgrim’s Pride Retirement Plan for Union Employees (the “Union Plan”) the Pilgrim’s Pride Pension Plan for Legacy Gold Kist Employees (the “GK Pension Plan”), the Tulip Limited Pension Plan and the Geo Adams Group Pension Fund, nonqualified defined benefit retirement plans, a defined benefit postretirement life insurance plan and defined contribution retirement savings plan. Expenses recognized under all retirement plans totaled $ 56.9 million, $ 32.0 million and $ 30.9 million in 2024, 2023 and 2022, respectively. The expenses recognized in 2024 include $ 21.7 million of loss recognized on the settlement of the terminated GK and Union pension plans, defined below. | text | 32.0 | monetaryItemType | text: <entity> 32.0 </entity> <entity type> monetaryItemType </entity type> <context> The Company sponsors programs that provide retirement benefits to most of its employees. These programs include qualified defined benefit pension plans such as the Pilgrim’s Pride Retirement Plan for Union Employees (the “Union Plan”) the Pilgrim’s Pride Pension Plan for Legacy Gold Kist Employees (the “GK Pension Plan”), the Tulip Limited Pension Plan and the Geo Adams Group Pension Fund, nonqualified defined benefit retirement plans, a defined benefit postretirement life insurance plan and defined contribution retirement savings plan. Expenses recognized under all retirement plans totaled $ 56.9 million, $ 32.0 million and $ 30.9 million in 2024, 2023 and 2022, respectively. The expenses recognized in 2024 include $ 21.7 million of loss recognized on the settlement of the terminated GK and Union pension plans, defined below. </context> | us-gaap:PensionAndOtherPostretirementBenefitExpense |
The Company sponsors programs that provide retirement benefits to most of its employees. These programs include qualified defined benefit pension plans such as the Pilgrim’s Pride Retirement Plan for Union Employees (the “Union Plan”) the Pilgrim’s Pride Pension Plan for Legacy Gold Kist Employees (the “GK Pension Plan”), the Tulip Limited Pension Plan and the Geo Adams Group Pension Fund, nonqualified defined benefit retirement plans, a defined benefit postretirement life insurance plan and defined contribution retirement savings plan. Expenses recognized under all retirement plans totaled $ 56.9 million, $ 32.0 million and $ 30.9 million in 2024, 2023 and 2022, respectively. The expenses recognized in 2024 include $ 21.7 million of loss recognized on the settlement of the terminated GK and Union pension plans, defined below. | text | 30.9 | monetaryItemType | text: <entity> 30.9 </entity> <entity type> monetaryItemType </entity type> <context> The Company sponsors programs that provide retirement benefits to most of its employees. These programs include qualified defined benefit pension plans such as the Pilgrim’s Pride Retirement Plan for Union Employees (the “Union Plan”) the Pilgrim’s Pride Pension Plan for Legacy Gold Kist Employees (the “GK Pension Plan”), the Tulip Limited Pension Plan and the Geo Adams Group Pension Fund, nonqualified defined benefit retirement plans, a defined benefit postretirement life insurance plan and defined contribution retirement savings plan. Expenses recognized under all retirement plans totaled $ 56.9 million, $ 32.0 million and $ 30.9 million in 2024, 2023 and 2022, respectively. The expenses recognized in 2024 include $ 21.7 million of loss recognized on the settlement of the terminated GK and Union pension plans, defined below. </context> | us-gaap:PensionAndOtherPostretirementBenefitExpense |
The Company sponsors programs that provide retirement benefits to most of its employees. These programs include qualified defined benefit pension plans such as the Pilgrim’s Pride Retirement Plan for Union Employees (the “Union Plan”) the Pilgrim’s Pride Pension Plan for Legacy Gold Kist Employees (the “GK Pension Plan”), the Tulip Limited Pension Plan and the Geo Adams Group Pension Fund, nonqualified defined benefit retirement plans, a defined benefit postretirement life insurance plan and defined contribution retirement savings plan. Expenses recognized under all retirement plans totaled $ 56.9 million, $ 32.0 million and $ 30.9 million in 2024, 2023 and 2022, respectively. The expenses recognized in 2024 include $ 21.7 million of loss recognized on the settlement of the terminated GK and Union pension plans, defined below. | text | 21.7 | monetaryItemType | text: <entity> 21.7 </entity> <entity type> monetaryItemType </entity type> <context> The Company sponsors programs that provide retirement benefits to most of its employees. These programs include qualified defined benefit pension plans such as the Pilgrim’s Pride Retirement Plan for Union Employees (the “Union Plan”) the Pilgrim’s Pride Pension Plan for Legacy Gold Kist Employees (the “GK Pension Plan”), the Tulip Limited Pension Plan and the Geo Adams Group Pension Fund, nonqualified defined benefit retirement plans, a defined benefit postretirement life insurance plan and defined contribution retirement savings plan. Expenses recognized under all retirement plans totaled $ 56.9 million, $ 32.0 million and $ 30.9 million in 2024, 2023 and 2022, respectively. The expenses recognized in 2024 include $ 21.7 million of loss recognized on the settlement of the terminated GK and Union pension plans, defined below. </context> | us-gaap:DefinedBenefitPlanRecognizedNetGainLossDueToSettlements1 |
During 2024, the Company executed a termination of its Union and GK Pension Plans. Under the plan terminations, participants were offered a lump-sum buyout or an annuity placement buyout. As a result, the Company settled $ 99.6 million of outstanding benefit obligations and recognized a $ 21.7 million loss on settlement during the year ended December 29, 2024. The loss was recognized in | text | 21.7 | monetaryItemType | text: <entity> 21.7 </entity> <entity type> monetaryItemType </entity type> <context> During 2024, the Company executed a termination of its Union and GK Pension Plans. Under the plan terminations, participants were offered a lump-sum buyout or an annuity placement buyout. As a result, the Company settled $ 99.6 million of outstanding benefit obligations and recognized a $ 21.7 million loss on settlement during the year ended December 29, 2024. The loss was recognized in </context> | us-gaap:DefinedBenefitPlanRecognizedNetGainLossDueToSettlements1 |
The accumulated benefit obligation for the Company’s defined benefit pension plans was $ 113.7 million and $ 237.5 million as of December 29, 2024 and December 31, 2023, respectively. As of December 29, 2024, the weighted average duration of our defined benefit obligation is 17.5 years. | text | 113.7 | monetaryItemType | text: <entity> 113.7 </entity> <entity type> monetaryItemType </entity type> <context> The accumulated benefit obligation for the Company’s defined benefit pension plans was $ 113.7 million and $ 237.5 million as of December 29, 2024 and December 31, 2023, respectively. As of December 29, 2024, the weighted average duration of our defined benefit obligation is 17.5 years. </context> | us-gaap:DefinedBenefitPlanAccumulatedBenefitObligation |
The accumulated benefit obligation for the Company’s defined benefit pension plans was $ 113.7 million and $ 237.5 million as of December 29, 2024 and December 31, 2023, respectively. As of December 29, 2024, the weighted average duration of our defined benefit obligation is 17.5 years. | text | 237.5 | monetaryItemType | text: <entity> 237.5 </entity> <entity type> monetaryItemType </entity type> <context> The accumulated benefit obligation for the Company’s defined benefit pension plans was $ 113.7 million and $ 237.5 million as of December 29, 2024 and December 31, 2023, respectively. As of December 29, 2024, the weighted average duration of our defined benefit obligation is 17.5 years. </context> | us-gaap:DefinedBenefitPlanAccumulatedBenefitObligation |
Absent regulatory or statutory limitations, the target asset allocation for the investment of pension assets in the PSAs for the Europe Plans is 21 % overseas equity, 21 % diversified alternatives, 15 % real estate, 24 % equity-linked liability driven investments, 11 % other liability driven investments and 8 % cash for the Tulip Pension Plan; and 23 % global equities, 11 % equity-linked liability driven investments, 15 % liability driven investments, 16 % corporate bonds and 35 % cash for the Geo Adams Group Pension Fund. The plans only invest in fixed income and equity instruments for which there is a readily available public market. The Company develops its expected long-term rate of return assumptions based on the historical rates of returns for equity and fixed income securities of the type in which its plans invest. | text | 21 | percentItemType | text: <entity> 21 </entity> <entity type> percentItemType </entity type> <context> Absent regulatory or statutory limitations, the target asset allocation for the investment of pension assets in the PSAs for the Europe Plans is 21 % overseas equity, 21 % diversified alternatives, 15 % real estate, 24 % equity-linked liability driven investments, 11 % other liability driven investments and 8 % cash for the Tulip Pension Plan; and 23 % global equities, 11 % equity-linked liability driven investments, 15 % liability driven investments, 16 % corporate bonds and 35 % cash for the Geo Adams Group Pension Fund. The plans only invest in fixed income and equity instruments for which there is a readily available public market. The Company develops its expected long-term rate of return assumptions based on the historical rates of returns for equity and fixed income securities of the type in which its plans invest. </context> | us-gaap:DefinedBenefitPlanPlanAssetsTargetAllocationPercentage |
Absent regulatory or statutory limitations, the target asset allocation for the investment of pension assets in the PSAs for the Europe Plans is 21 % overseas equity, 21 % diversified alternatives, 15 % real estate, 24 % equity-linked liability driven investments, 11 % other liability driven investments and 8 % cash for the Tulip Pension Plan; and 23 % global equities, 11 % equity-linked liability driven investments, 15 % liability driven investments, 16 % corporate bonds and 35 % cash for the Geo Adams Group Pension Fund. The plans only invest in fixed income and equity instruments for which there is a readily available public market. The Company develops its expected long-term rate of return assumptions based on the historical rates of returns for equity and fixed income securities of the type in which its plans invest. | text | 15 | percentItemType | text: <entity> 15 </entity> <entity type> percentItemType </entity type> <context> Absent regulatory or statutory limitations, the target asset allocation for the investment of pension assets in the PSAs for the Europe Plans is 21 % overseas equity, 21 % diversified alternatives, 15 % real estate, 24 % equity-linked liability driven investments, 11 % other liability driven investments and 8 % cash for the Tulip Pension Plan; and 23 % global equities, 11 % equity-linked liability driven investments, 15 % liability driven investments, 16 % corporate bonds and 35 % cash for the Geo Adams Group Pension Fund. The plans only invest in fixed income and equity instruments for which there is a readily available public market. The Company develops its expected long-term rate of return assumptions based on the historical rates of returns for equity and fixed income securities of the type in which its plans invest. </context> | us-gaap:DefinedBenefitPlanPlanAssetsTargetAllocationPercentage |
Absent regulatory or statutory limitations, the target asset allocation for the investment of pension assets in the PSAs for the Europe Plans is 21 % overseas equity, 21 % diversified alternatives, 15 % real estate, 24 % equity-linked liability driven investments, 11 % other liability driven investments and 8 % cash for the Tulip Pension Plan; and 23 % global equities, 11 % equity-linked liability driven investments, 15 % liability driven investments, 16 % corporate bonds and 35 % cash for the Geo Adams Group Pension Fund. The plans only invest in fixed income and equity instruments for which there is a readily available public market. The Company develops its expected long-term rate of return assumptions based on the historical rates of returns for equity and fixed income securities of the type in which its plans invest. | text | 24 | percentItemType | text: <entity> 24 </entity> <entity type> percentItemType </entity type> <context> Absent regulatory or statutory limitations, the target asset allocation for the investment of pension assets in the PSAs for the Europe Plans is 21 % overseas equity, 21 % diversified alternatives, 15 % real estate, 24 % equity-linked liability driven investments, 11 % other liability driven investments and 8 % cash for the Tulip Pension Plan; and 23 % global equities, 11 % equity-linked liability driven investments, 15 % liability driven investments, 16 % corporate bonds and 35 % cash for the Geo Adams Group Pension Fund. The plans only invest in fixed income and equity instruments for which there is a readily available public market. The Company develops its expected long-term rate of return assumptions based on the historical rates of returns for equity and fixed income securities of the type in which its plans invest. </context> | us-gaap:DefinedBenefitPlanPlanAssetsTargetAllocationPercentage |
Absent regulatory or statutory limitations, the target asset allocation for the investment of pension assets in the PSAs for the Europe Plans is 21 % overseas equity, 21 % diversified alternatives, 15 % real estate, 24 % equity-linked liability driven investments, 11 % other liability driven investments and 8 % cash for the Tulip Pension Plan; and 23 % global equities, 11 % equity-linked liability driven investments, 15 % liability driven investments, 16 % corporate bonds and 35 % cash for the Geo Adams Group Pension Fund. The plans only invest in fixed income and equity instruments for which there is a readily available public market. The Company develops its expected long-term rate of return assumptions based on the historical rates of returns for equity and fixed income securities of the type in which its plans invest. | text | 11 | percentItemType | text: <entity> 11 </entity> <entity type> percentItemType </entity type> <context> Absent regulatory or statutory limitations, the target asset allocation for the investment of pension assets in the PSAs for the Europe Plans is 21 % overseas equity, 21 % diversified alternatives, 15 % real estate, 24 % equity-linked liability driven investments, 11 % other liability driven investments and 8 % cash for the Tulip Pension Plan; and 23 % global equities, 11 % equity-linked liability driven investments, 15 % liability driven investments, 16 % corporate bonds and 35 % cash for the Geo Adams Group Pension Fund. The plans only invest in fixed income and equity instruments for which there is a readily available public market. The Company develops its expected long-term rate of return assumptions based on the historical rates of returns for equity and fixed income securities of the type in which its plans invest. </context> | us-gaap:DefinedBenefitPlanPlanAssetsTargetAllocationPercentage |
Absent regulatory or statutory limitations, the target asset allocation for the investment of pension assets in the PSAs for the Europe Plans is 21 % overseas equity, 21 % diversified alternatives, 15 % real estate, 24 % equity-linked liability driven investments, 11 % other liability driven investments and 8 % cash for the Tulip Pension Plan; and 23 % global equities, 11 % equity-linked liability driven investments, 15 % liability driven investments, 16 % corporate bonds and 35 % cash for the Geo Adams Group Pension Fund. The plans only invest in fixed income and equity instruments for which there is a readily available public market. The Company develops its expected long-term rate of return assumptions based on the historical rates of returns for equity and fixed income securities of the type in which its plans invest. | text | 8 | percentItemType | text: <entity> 8 </entity> <entity type> percentItemType </entity type> <context> Absent regulatory or statutory limitations, the target asset allocation for the investment of pension assets in the PSAs for the Europe Plans is 21 % overseas equity, 21 % diversified alternatives, 15 % real estate, 24 % equity-linked liability driven investments, 11 % other liability driven investments and 8 % cash for the Tulip Pension Plan; and 23 % global equities, 11 % equity-linked liability driven investments, 15 % liability driven investments, 16 % corporate bonds and 35 % cash for the Geo Adams Group Pension Fund. The plans only invest in fixed income and equity instruments for which there is a readily available public market. The Company develops its expected long-term rate of return assumptions based on the historical rates of returns for equity and fixed income securities of the type in which its plans invest. </context> | us-gaap:DefinedBenefitPlanPlanAssetsTargetAllocationPercentage |
Absent regulatory or statutory limitations, the target asset allocation for the investment of pension assets in the PSAs for the Europe Plans is 21 % overseas equity, 21 % diversified alternatives, 15 % real estate, 24 % equity-linked liability driven investments, 11 % other liability driven investments and 8 % cash for the Tulip Pension Plan; and 23 % global equities, 11 % equity-linked liability driven investments, 15 % liability driven investments, 16 % corporate bonds and 35 % cash for the Geo Adams Group Pension Fund. The plans only invest in fixed income and equity instruments for which there is a readily available public market. The Company develops its expected long-term rate of return assumptions based on the historical rates of returns for equity and fixed income securities of the type in which its plans invest. | text | 23 | percentItemType | text: <entity> 23 </entity> <entity type> percentItemType </entity type> <context> Absent regulatory or statutory limitations, the target asset allocation for the investment of pension assets in the PSAs for the Europe Plans is 21 % overseas equity, 21 % diversified alternatives, 15 % real estate, 24 % equity-linked liability driven investments, 11 % other liability driven investments and 8 % cash for the Tulip Pension Plan; and 23 % global equities, 11 % equity-linked liability driven investments, 15 % liability driven investments, 16 % corporate bonds and 35 % cash for the Geo Adams Group Pension Fund. The plans only invest in fixed income and equity instruments for which there is a readily available public market. The Company develops its expected long-term rate of return assumptions based on the historical rates of returns for equity and fixed income securities of the type in which its plans invest. </context> | us-gaap:DefinedBenefitPlanPlanAssetsTargetAllocationPercentage |
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