Pilgrim's Pride (PPC) 10-K 14 Feb 19 2018 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 30, 2018	Feb. 13, 2019	Jul. 01, 2018
Document and Entity Information [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 30, 2018
Entity Registrant Name	PILGRIMS PRIDE CORP
Entity Central Index Key	802,481
Current Fiscal Year End Date	--12-30
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,018
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth	false
Entity Small Business	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		248,965,081
Entity Public Float			$ 1,061,819,405
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 30, 2018	Dec. 31, 2017
Statement of Financial Position [Abstract]
Cash and cash equivalents	$ 338,386	$ 581,510
Restricted cash and cash equivalents	23,192	8,021
Trade accounts and other receivables, less allowance for doubtful accounts	561,549	565,478
Accounts receivable from related parties	1,331	2,951
Inventories	1,159,519	1,255,070
Income taxes receivable	38,479	0
Prepaid expenses and other current assets	112,023	102,550
Assets held for sale	178	708
Total current assets	2,234,657	2,516,288
Deferred tax assets	4,248	0
Other long-lived assets	16,717	18,165
Identified intangible assets, net	564,128	617,163
Goodwill	949,750	1,001,889
Property, plant and equipment, net	2,161,702	2,095,147
Total assets	5,931,202	6,248,652
Accounts payable	830,059	733,027
Accounts payable to related parties	7,269	2,889
Revenue contract liability	33,328	36,607
Accrued expenses and other current liabilities	386,941	410,152
Income taxes payable	8,221	222,073
Current maturities of long-term debt	30,405	47,775
Total current liabilities	1,296,223	1,452,523
Long-term debt, less current maturities	2,295,190	2,635,617
Noncurrent income taxes payable	7,731	0
Deferred tax liabilities	237,422	208,492
Other long-term liabilities	75,051	96,359
Total liabilities	3,911,617	4,392,991
Commitments and contingencies
Preferred stock, $.01 par value, 50,000,000 shares authorized; no shares issued	0	0
Common stock, $.01 par value, 800,000,000 shares authorized; 260,396,032 and 260,167,881 shares issued at year-end 2018 and year-end 2017, respectively; 248,965,081 and 248,752,508 shares outstanding at year-end 2018 and year-end 2017, respectively	2,604	2,602
Treasury stock, at cost, 11,430,951 shares and 11,415,373 shares at year-end 2018 and year-end 2017, respectively	(231,994)	(231,758)
Additional paid-in capital	1,945,136	1,932,509
Retained earnings	421,888	173,943
Accumulated other comprehensive loss	(127,834)	(31,140)
Total Pilgrim’s Pride Corporation stockholders’ equity	2,009,800	1,846,156
Noncontrolling interest	9,785	9,505
Total stockholders’ equity	2,019,585	1,855,661
Total liabilities and stockholders’ equity	$ 5,931,202	$ 6,248,652

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 30, 2018	Dec. 31, 2017
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	50,000,000	50,000,000
Preferred stock, shares issued (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	800,000,000	800,000,000
Common stock, shares issued (in shares)	260,396,032	260,167,881
Common stock, shares outstanding (in shares)	248,965,081	248,752,508
Treasury stock, shares outstanding (in shares)	11,430,951	11,415,373

CONSOLIDATED AND COMBINED STATE

CONSOLIDATED AND COMBINED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 30, 2018	Dec. 31, 2017	Dec. 25, 2016
Income Statement [Abstract]
Net sales	$ 10,937,784	$ 10,767,863	$ 9,878,564
Cost of sales	10,094,308	9,296,249	8,774,581
Gross profit	843,476	1,471,614	1,103,983
Selling, general and administrative expense	343,025	389,517	310,832
Administrative restructuring charges	4,765	9,775	1,069
Operating income	495,686	1,072,322	792,082
Interest expense, net of capitalized interest	162,812	107,183	75,636
Interest income	(13,811)	(7,730)	(2,301)
Foreign currency transaction losses (gains)	17,160	(2,659)	4,055
Miscellaneous, net	(2,702)	(6,538)	(9,344)
Income before income taxes	332,227	982,066	724,036
Income tax expense	85,423	263,899	243,919
Net income	246,804	718,167	480,117
Less: Net income from Granite Holdings Sàrl prior to acquisition by Pilgrim’s Pride Corporation	0	23,486	40,388
Less: Net income (loss) attributable to noncontrolling interest	(1,141)	102	(803)
Net income attributable to Pilgrim’s Pride Corporation	$ 247,945	$ 694,579	$ 440,532
Weighted average shares of common stock outstanding:
Basic (in shares)	248,945	248,738	253,669
Effect of dilutive common stock equivalents (in shares)	204	233	457
Diluted (in shares)	249,149	248,971	254,126
Net income attributable to Pilgrim’s Pride Corporation per share of common stock outstanding:
Basic (in dollars per share)	$ 1	$ 2.79	$ 1.74
Diluted (in dollars per share)	$ 1	$ 2.79	$ 1.73

CONSOLIDATED AND COMBINED STA_2

CONSOLIDATED AND COMBINED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2018	Dec. 31, 2017	Dec. 25, 2016
Statement of Comprehensive Income [Abstract]
Net income	$ 246,804	$ 718,167	$ 480,117
Foreign currency translation adjustment
Gains (losses) arising during the period	(99,475)	100,081	(233,232)
Income tax effect	1,624	3,137	0
Derivative financial instruments designated as cash flow hedges
Gains (losses) arising during the period	817	60	(151)
Reclassification to net earnings for losses (gains) realized	348	(639)	311
Available-for-sale securities
Gains arising during the period	1,146	132	443
Income tax effect	(279)	(50)	(167)
Reclassification to net earnings for gains realized	(1,118)	(34)	(552)
Income tax effect	272	13	209
Defined benefit plans
Losses realized during the period	(1,242)	(8,738)	(9,085)
Income tax effect	303	968	3,429
Reclassification to net earnings of losses realized	1,203	932	659
Income tax effect	(293)	(353)	(249)
Total other comprehensive income (loss), net of tax	(96,694)	95,509	(238,385)
Comprehensive income	150,110	813,676	241,732
Less: Comprehensive income (loss) for Granite Holdings Sàrl prior to acquisition by Pilgrim's Pride Corporation	0	88,050	(192,684)
Less: Comprehensive income (loss) attributable to noncontrolling interests	(1,141)	102	(803)
Comprehensive income attributable to Pilgrim's Pride Corporation	$ 151,251	$ 725,524	$ 435,219

CONSOLIDATED AND COMBINED STA_3

CONSOLIDATED AND COMBINED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Treasury Stock	Additional Paid-in Capital	Retained Earnings (Accumulated Deficit)	Accumulated Other Comprehensive Loss	Noncontrolling Interest
Balance, beginning of year (in shares) at Dec. 27, 2015		272,685	4,862
Balance, beginning of year at Dec. 27, 2015	$ 2,659,875	$ 307,288	$ (99,233)	$ 3,090,390	$ (548,920)	$ (91,473)	$ 1,823
Comprehensive income:
Net income (loss)	480,117				480,920		(803)
Other comprehensive loss, net of tax expense	(238,385)					(238,385)
Capital distribution under the TSA	5,039			5,039
Share-based compensation plans:
Requisite service period recognition	6,102			6,102
Common stock purchased under share repurchase program (in shares)			(5,774)
Common stock purchased under share repurchase program	(117,884)		$ (117,884)
Capital contributions to subsidiary by noncontrolling participants	7,252						7,252
Common stock purchased from retirement plan participants (in shares)		(3)
Common stock purchased from retirement plan participants	(73)			(73)
Dividend paid by Granite Holdings Sàrl to JBS S.A.	(14,870)				(14,870)
Special cash dividend	(699,915)				(699,915)
Other	(1,126)			(1,126)
Balance, end of year (in shares) at Dec. 25, 2016		272,682	10,636
Balance, end of year at Dec. 25, 2016	2,086,132	$ 307,288	$ (217,117)	3,100,332	(782,785)	(329,858)	8,272
Comprehensive income:
Net income (loss)	718,167				718,065		102
Other comprehensive loss, net of tax expense	95,509					95,509
Capital distribution under the TSA	5,558			5,558
Share-based compensation plans:
Common stock issued under compensation plans (in shares)		486
Common stock issued under compensation plans	0	$ 5		(5)
Requisite service period recognition	3,019			3,019
Common stock purchased under share repurchase program (in shares)			(780)
Common stock purchased under share repurchase program	(14,641)		$ (14,641)
Deemed equity contribution resulting from the transfer of Granite Holdings Sàrl net assets from JBS S.A. to Pilgrim's Pride Corporation in a common-control transaction	237,195			237,195
Transfer of Granite Holdings Sàrl to Pilgrim's from JBS S.A. (in shares)		(13,000)
Transfer of Granite Holdings Sàrl to Pilgrim's from JBS S.A.	(1,275,278)	$ (304,691)		(1,413,590)	238,663	203,209	1,131
Balance, end of year (in shares) at Dec. 31, 2017		260,168	11,416
Balance, end of year at Dec. 31, 2017	1,855,661	$ 2,602	$ (231,758)	1,932,509	173,943	(31,140)	9,505
Comprehensive income:
Net income (loss)	246,804				247,945		(1,141)
Other comprehensive loss, net of tax expense	(96,694)					(96,694)
Capital distribution under the TSA	(524)			(524)
Share-based compensation plans:
Common stock issued under compensation plans (in shares)		228
Common stock issued under compensation plans	0	$ 2		(2)
Requisite service period recognition	13,153			13,153
Common stock purchased under share repurchase program (in shares)			(15)
Common stock purchased under share repurchase program	(236)		$ (236)
Capital contributions to subsidiary by noncontrolling participants	1,421						1,421
Balance, end of year (in shares) at Dec. 30, 2018		260,396	11,431
Balance, end of year at Dec. 30, 2018	$ 2,019,585	$ 2,604	$ (231,994)	$ 1,945,136	$ 421,888	$ (127,834)	$ 9,785

CONSOLIDATED AND COMBINED STA_4

CONSOLIDATED AND COMBINED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2018	Dec. 31, 2017	Dec. 25, 2016
Statement of Stockholders' Equity [Abstract]
Other comprehensive income, tax expense (benefit)	$ 1,627	$ 3,715	$ 3,222

CONSOLIDATED AND COMBINED STA_5

CONSOLIDATED AND COMBINED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2018	Dec. 31, 2017	Dec. 25, 2016
Cash flows from operating activities:
Net income	$ 246,804	$ 718,167	$ 480,117
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation and amortization	279,657	277,792	231,708
Asset impairment	3,504	5,156	790
Foreign currency transaction losses (gains) related to borrowing arrangements	5,267	(1,387)	0
Loss on early extinguishment of debt recognized as a component of interest expense	15,818	0	0
Amortization of bond premium	(668)	(180)	0
Accretion of bond discount	812	0	0
Gain on property disposals	(1,889)	(506)	(8,914)
Loss (gain) on equity method investments	(63)	(59)	452
Share-based compensation	13,153	3,020	6,102
Deferred income tax expense (benefit)	32,540	(49,963)	(5,034)
Changes in operating assets and liabilities:
Trade accounts and other receivables	(10,918)	(82,169)	(32,428)
Inventories	83,174	(207,399)	(33,083)
Prepaid expenses and other current assets	(11,612)	(14,827)	19,270
Accounts payable and accrued expenses	86,834	(22,827)	75,893
Income taxes	(248,470)	188,120	75,238
Long-term pension and other postretirement obligations	(6,751)	(10,864)	(10,165)
Other	4,458	(753)	(4,584)
Cash provided by operating activities	491,650	801,321	795,362
Cash flows from investing activities:
Acquisitions of property, plant and equipment	(348,666)	(339,872)	(340,960)
Proceeds from property disposals	9,775	4,475	13,375
Purchase of acquired business, net of cash acquired	0	(658,520)	0
Proceeds from settlement of life insurance contract	0	1,845	0
Cash used in investing activities	(338,891)	(992,072)	(327,585)
Cash flows from financing activities:
Payments on revolving line of credit, long-term borrowings and capital lease obligations	(1,117,009)	(628,677)	(570,015)
Proceeds from revolving line of credit and long-term borrowings	748,382	1,871,818	593,015
Payment of capitalized loan costs	(12,581)	(13,631)	(693)
Payment on early extinguishment of debt	(9,781)	0	0
Proceeds from capital contribution under Tax Sharing Agreement between JBS USA Food Company Holdings and Pilgrim’s Pride Corporation	5,558	5,038	3,690
Capital contributions to subsidiary by noncontrolling stockholders	1,421	0	7,252
Purchase of common stock under share repurchase program	(236)	(14,641)	(117,884)
Payment of note payable to affiliate	0	(753,512)	0
Payment of cash dividend	0	0	(714,785)
Payments on notes payable to bank	0	0	(65,564)
Proceeds from notes payable to bank	0	0	36,838
Purchase of common stock from retirement plan participants	0	0	(73)
Cash provided by (used in) financing activities	(384,246)	466,395	(828,219)
Effect of exchange rate changes on cash and cash equivalents	3,534	16,364	(38,587)
Increase (decrease) in cash and cash equivalents	(227,953)	292,008	(399,029)
Cash and cash equivalents, beginning of period	589,531	297,523	696,552
Cash and cash equivalents, end of period	361,578	589,531	297,523
Supplemental Disclosure Information:
Interest paid (net of amount capitalized)	154,627	81,260	69,857
Income taxes paid	$ 253,932	$ 122,956	$ 161,026

BUSINESS AND SUMMARY OF SIGNIFI

BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Business Pilgrim’s Pride Corporation (referred to herein as “Pilgrim’s,” “PPC,” “the Company,” “we,” “us,” “our,” or similar terms) is one of the largest chicken producers in the world, with operations in the United States (“U.S.”), the United Kingdom (“U.K.”), Mexico, France, Puerto Rico and the Netherlands. 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 products to approximately 100 countries. Pilgrim’s fresh chicken products consist of refrigerated (nonfrozen) whole chickens, whole cut-up chickens and selected chicken parts that are either marinated or non-marinated. The Company’s prepared chicken products include fully cooked, ready-to-cook and individually frozen chicken parts, strips, nuggets and patties, some of which are either breaded or non-breaded and either marinated or non-marinated. The Company’s other products include ready-to-eat meals, multi-protein frozen foods, vegetarian foods and desserts. As a vertically integrated company, we control every phase of the production of our products. We operate feed mills, hatcheries, processing plants and distribution centers in 14 U.S. states, the U.K., Mexico, France, Puerto Rico and the Netherlands. As of December 30, 2018 , Pilgrim’s had approximately 52,100 employees and the capacity to process more than 45.3 million birds per week for a total of more than 13.4 billion pounds of live chicken annually. Approximately 5,300 contract growers supply poultry for the Company’s operations. As of December 30, 2018 , JBS S.A., through its indirect wholly-owned subsidiaries (together, “JBS”) beneficially owned 78.5% of the Company’s outstanding common stock. Consolidated and Combined Financial Statements The Company operates on the basis of a 52 / 53 -week fiscal year ending on the Sunday falling on or before December 31. Any reference we make to a particular year (for example, 2018 ) in the notes to these Consolidated and Combined Financial Statements applies to our fiscal year and not the calendar year. On September 8, 2017, a subsidiary of the Company acquired 100% of the issued and outstanding shares of Granite Holdings Sàrl and its subsidiaries (together, “Moy Park”) from JBS S.A. in a common-control transaction. Moy Park was acquired by JBS S.A. from an unrelated third party on September 30, 2015. For the period from September 30, 2015 through September 7, 2017, the Consolidated and Combined Financial Statements include the accounts of the Company and its majority-owned subsidiaries combined with the accounts of Moy Park. For the periods subsequent to September 8, 2017, the Consolidated and Combined Financial Statements include the accounts of the Company and its majority-owned subsidiaries, including Moy Park. We eliminate all significant affiliate accounts and transactions upon consolidation. The Consolidated and Combined Financial Statements have been prepared in conformity with U.S. GAAP using management’s best estimates and judgments. These estimates and judgments affect the reported amounts of assets and liabilities and disclosure of the contingent assets and liabilities at the date of the financial statements. The estimates and judgments will also affect the reported amounts for certain revenues and expenses during the reporting period. Actual results could differ materially from these estimates and judgments. Significant estimates made by the Company include the allowance for doubtful accounts, reserves related to inventory obsolescence or valuation, useful lives of long-lived assets, goodwill, valuation of deferred tax assets, insurance accruals, valuation of pension and other postretirement benefits obligations, income tax accruals, certain derivative positions and valuations of acquired businesses. The functional currency of the Company's U.S. and Mexico operations and certain holding-company subsidiaries in Luxembourg, the U.K. and Ireland is the U.S. dollar. The functional currency of its U.K. operations is the British pound. The functional currency of the Company's operations in France and the Netherlands is the euro. For foreign currency-denominated entities other than the Company's Mexico operations, translation from local currencies into U.S. dollars is performed for most assets and liabilities using the exchange rates in effect as of the balance sheet date. Income and expense accounts are remeasured using average exchange rates for the period. Adjustments resulting from translation of these financial records are reflected as a separate component of Accumulated other comprehensive loss in the Consolidated Balance Sheets. For the Company's Mexico operations, remeasurement from the Mexican peso to U.S. dollars is performed for monetary assets and liabilities using the exchange rate in effect as of the balance sheet date. Remeasurement is performed for non-monetary assets using the historical exchange rate in effect on the date of each asset’s acquisition. Income and expense accounts are remeasured using average exchange rates for the period. Net adjustments resulting from remeasurement of these financial records are reflected in Foreign currency transaction losses (gains) in the Consolidated and Combined Statements of Income. The Company or its subsidiaries may use derivatives for the purpose of mitigating exposure to changes in foreign currency exchange rates. Foreign currency transaction gains or losses are reported in the Consolidated and Combined Statements of Income. During 2017, the Company reported an adjustment resulting from the translation of a British pound-denominated note payable owed to JBS as a component of Accumulated other comprehensive loss in the Consolidated Balance Sheet. The Company designated this note payable as a hedge of its net investment in Moy Park. This adjustment remains in Accumulated other comprehensive loss as of December 30, 2018 and will be reclassified if the Company disposes of its investment in Moy Park. We made the following reclassification to the Consolidated Balance Sheet presented as of December 31, 2017 in order to conform to the Consolidated Balance Sheet presented as of December 30, 2018 : December 31, 2017 As Presented in 2017 Annual Report on Form 10-K Adjustment Resulting from Adoption of FASB Guidance As Presented in the Consolidated (In thousands) Accounts payable $ 762,444 $ (29,417 ) $ 733,027 Accrued expense and other current liabilities 417,342 (7,190 ) 410,152 Revenue contract liability — 36,607 36,607 Revenue Recognition The vast majority of the Company's revenue is derived from contracts which are based upon a customer ordering its products. While there may be master agreements, the contract is only established when the customer’s order is accepted by the Company. The Company accounts for a contract, which may be verbal or written, when it is approved and committed by both parties, the rights of the parties are identified along with payment terms, the contract has commercial substance and collectability is probable. The Company evaluates the transaction for distinct performance obligations, which are the sale of its products to customers. Since its products are commodity market-priced, the sales price is representative of the observable, standalone selling price. Each performance obligation is recognized based upon a pattern of recognition that reflects the transfer of control to the customer at a point in time, which is upon destination (customer location or port of destination), and faithfully depicts the transfer of control and recognition of revenue. There are instances of customer pick-up at the Company's facilities, in which case control transfers to the customer at that point and the Company recognizes revenue. The Company's performance obligations are typically fulfilled within days to weeks of the acceptance of the order. The Company makes judgments regarding the nature, amount, timing and uncertainty of revenue and cash flows arising from revenue and cash flows with customers. Determination of a contract requires evaluation and judgment along with the estimation of the total contract value and if any of the contract value is constrained. Due to the nature of our business, there is minimal variable consideration, as the contract is established at the acceptance of the order from the customer. When applicable, variable consideration is estimated at contract inception and updated on a regular basis until the contract is completed. Allocating the transaction price to a specific performance obligation based upon the relative standalone selling prices includes estimating the standalone selling prices including discounts and variable consideration. Shipping and Handling Costs In the rare case when shipping and handling activities are performed after a customer obtains control of the good, the Company has elected to account for shipping and handling as activities to fulfill the promise to transfer the good. When revenue is recognized for the related good before the shipping and handling activities occur, the related costs of those shipping and handling activities are accrued. Shipping and handling costs are recorded within cost of sales. Advertising Costs The Company expenses advertising costs as incurred. Advertising costs are included in selling, general and administrative (“SG&A”) expense and totaled $20.8 million , $18.5 million and $12.3 million for 2018 , 2017 and 2016 , respectively. Research and Development Costs Research and development costs are expensed as incurred. Research and development costs totaled $4.0 million , $3.7 million and $3.5 million for 2018 , 2017 and 2016 , respectively. Cash and Cash Equivalents The Company considers highly liquid investments with a maturity of three months or less when acquired to be cash equivalents. The majority of the Company’s disbursement bank accounts are zero balance accounts where cash needs are funded as checks are presented for payment by the holder. Checks issued pending clearance that result in overdraft balances for accounting purposes are classified as accounts payable and the change in the related balance is reflected in operating activities on the Consolidated and Combined Statements of Cash Flows. Restricted Cash The Company is required to maintain cash balances with a broker as collateral for exchange traded futures contracts. These balances are classified as restricted cash as they are not available for use by the Company to fund daily operations. The balance of restricted cash may also include investments in U.S. Treasury Bills that qualify as cash equivalents, as required by the broker, to offset the obligation to return cash collateral. The following table reconciles cash, cash equivalents and restricted cash as reported in the Consolidated Balance Sheets to the total of the same amounts shown in the Consolidated and Combined Statements of Cash Flows: December 30, 2018 December 31, 2017 (In thousands) Cash and cash equivalents $ 338,386 $ 581,510 Restricted cash 23,192 8,021 Total cash, cash equivalents and restricted cash shown in the Consolidated and Combined Statements of Cash Flows $ 361,578 $ 589,531 Investments The Company’s current investments are all highly liquid investments with a maturity of three months or less when acquired and are, therefore, considered cash equivalents. The Company’s current investments are comprised of fixed income securities, primarily commercial paper and a money market fund. These investments are classified as available-for-sale. These securities are recorded at fair value, and unrealized holding gains and losses are recorded, net of tax, as a separate component of accumulated other comprehensive income. Investments in fixed income securities with remaining maturities of less than one year and those identified by management at the time of purchase for funding operations in less than one year are classified as current assets. Investments in fixed income securities with remaining maturities in excess of one year that management has not identified at the time of purchase for funding operations in less than one year are classified as long-term assets. Unrealized losses are charged against net earnings when a decline in fair value is determined to be other than temporary. Management reviews several factors to determine whether a loss is other than temporary, such as the length of time a security is in an unrealized loss position, the extent to which fair value is less than amortized cost, the impact of changing interest rates in the short and long term, and the Company’s intent and ability to hold the security for a period of time sufficient to allow for any anticipated recovery in fair value. The Company determines the cost of each security sold and each amount reclassified out of accumulated other comprehensive income into earnings using the specific identification method. Purchases and sales are recorded on a settlement date basis. Investments in entities in which the Company has an ownership interest greater than 50% and exercises control over the entity are consolidated in the Consolidated and Combined Financial Statements. Investments in entities in which the Company has an ownership interest between 20% and 50% and exercises significant influence are accounted for using the equity method. The Company invests from time to time in ventures in which its ownership interest is less than 20% and over which it does not exercise significant influence. Such investments are accounted for under the cost method. The fair values for investments not traded on a quoted exchange are estimated based upon the historical performance of the ventures, the ventures’ forecasted financial performance and management’s evaluation of the ventures’ viability and business models. To the extent the book value of an investment exceeds its assessed fair value, the Company will record an appropriate impairment charge. Accounts Receivable The Company records accounts receivable when revenue is recognized. We record an allowance for doubtful accounts, reducing our receivables balance to an amount we estimate is collectible from our customers. Estimates used in determining the allowance for doubtful accounts are based on historical collection experience, current trends, aging of accounts receivable, and periodic credit evaluations of our customers’ financial condition. We write off accounts receivable when it becomes apparent, based upon age or customer circumstances, that such amounts will not be collected. Generally, the Company does not require collateral for its accounts receivable. Inventories Live chicken inventories are stated at the lower of cost or net realizable value and breeder hen inventories at the lower of cost, less accumulated amortization, or net realizable value. The costs associated with breeder hen inventories are accumulated up to the production stage and amortized over their productive lives using the unit-of-production method. Finished poultry products, feed, eggs and other inventories are stated at the lower of cost (average) or net realizable value. We record valuation adjustments for our inventory and for estimated obsolescence at or equal to the difference between the cost of inventory and the estimated market value based upon known conditions affecting inventory, including significantly aged products, discontinued product lines, or damaged or obsolete products. We allocate meat costs between our various finished chicken products based on a by-product costing technique that reduces the cost of the whole bird by estimated yields and amounts to be recovered for certain by-product parts. This primarily includes leg quarters, wings, tenders and offal, which are carried in inventory at the estimated recovery amounts, with the remaining amount being reflected as our breast meat cost. Generally, the Company performs an evaluation of whether any lower of cost or net realizable value adjustments are required at the country level based on a number of factors, including: (i) pools of related inventory, (ii) product continuation or discontinuation, (iii) estimated market selling prices and (iv) expected distribution channels. If actual market conditions or other factors are less favorable than those projected by management, additional inventory adjustments may be required. Property, Plant and Equipment Property, plant and equipment are stated at cost, and repair and maintenance costs are expensed as incurred. Depreciation is computed using the straight-line method over the estimated useful lives of these assets. Estimated useful lives for building, machinery and equipment are five to 33 years and for automobiles and trucks are three to ten years. The charge to income resulting from amortization of assets recorded under capital leases is included with depreciation expense. The Company records impairment charges on long-lived assets held for use when events and circumstances indicate that the assets may be impaired and the undiscounted cash flows estimated to be generated by those assets are less than the carrying amount of those assets. When the above is true, the impairment charge is determined based upon the amount the net book value of the assets exceeds their fair market value. In making these determinations, the Company utilizes certain assumptions, including, but not limited to: (i) future cash flows estimated to be generated by these assets, which are based on additional assumptions such as asset utilization, remaining length of service and estimated salvage values, (ii) estimated fair market value of the assets and (iii) determinations with respect to the lowest level of cash flows relevant to the respective impairment test, generally groupings of related operational facilities. Given the interdependency of the Company’s individual facilities during the production process, which operate as a vertically integrated network, it evaluates impairment of assets held for use at the country level (i.e., the U.S. and Mexico). Management believes this is the lowest level of identifiable cash flows for its assets that are held for use in production activities. At the present time, the Company’s forecasts indicate that it can recover the carrying value of its assets held for use based on the projected undiscounted cash flows of the operations. The Company records impairment charges on long-lived assets held for sale when the carrying amount of those assets exceeds their fair value less appropriate selling costs. Fair value is based on amounts documented in sales contracts or letters of intent accepted by the Company, amounts included in counteroffers initiated by the Company, or, in the absence of current contract negotiations, amounts determined using a sales comparison approach for real property and amounts determined using a cost approach for personal property. Under the sales comparison approach, sales and asking prices of reasonably comparable properties are considered to develop a range of unit prices within which the current real estate market is operating. Under the cost approach, a current cost to replace the asset new is calculated and then the estimated replacement cost is reduced to reflect the applicable decline in value resulting from physical deterioration, functional obsolescence and economic obsolescence. Appropriate selling costs includes reasonable broker’s commissions, costs to produce title documents, filing fees, legal expenses and the like. We estimate appropriate closing costs as 4% to 6% of asset fair value. This range of rates is considered reasonable for our assets held for sale based on historical experience. Goodwill and Other Intangibles, net Goodwill represents the excess of the aggregate purchase price over the fair value of the net identifiable assets acquired in a business combination. Identified intangible assets represent trade names, customer relationships and non-compete agreements arising from acquisitions that are recorded at fair value as of the date acquired less accumulated amortization, if any. The Company uses various market valuation techniques to determine the fair value of its identified intangible assets. Goodwill and other intangible assets with indefinite lives are not amortized but are tested for impairment on an annual basis in the fourth quarter of each fiscal year or more frequently if impairment indicators arise. For goodwill, an impairment loss is recognized for any excess of the carrying amount of a reporting unit’s goodwill over the implied fair value of that goodwill. Management first reviews relevant qualitative factors to determine if an indication of impairment exists for a reporting unit. If management determines there is an indication that the carrying amount of reporting unit goodwill might be impaired, a quantitative analysis is performed. Management performed a qualitative analysis noting no indications of goodwill impairment in any of its reporting units as of December 30, 2018 . For indefinite-lived intangible assets, an impairment loss is recognized if the carrying amount of an indefinite-lived intangible asset exceeds the estimated fair value of that intangible asset. Management first reviews relevant qualitative factors to determine if an indication of impairment exists. If management determines there is an indication that the carrying amount of the intangible asset might be impaired, a quantitative analysis is performed. Management performed a qualitative analysis noting no indications of impairment for any of its indefinite-lived intangible assets as of December 30, 2018 . Identifiable intangible assets with definite lives, such as customer relationships, non-compete agreements and trade names that the Company expects to use for a limited amount of time, are amortized over their estimated useful lives on a straight-line basis. The useful lives range from three to 20 years for trade names and non-compete agreements and 5 to 16 years for customer relationships. Identified intangible assets with definite lives are tested for recoverability whenever events or changes in circumstances indicate that their carrying amount may not be recoverable. Management assessed if events or changes in circumstances indicated that the aggregate carrying amount of its identified intangible assets with definite lives might not be recoverable and determined that there were no impairment indicators during the fifty-two weeks ended December 30, 2018 and fifty-three weeks ended December 31, 2017 . Book Overdraft Balances The majority of the Company’s disbursement bank accounts are zero balance accounts where cash needs are funded as checks are presented for payment by the holder. Checks issued pending clearance that result in overdraft balances for accounting purposes are classified as accounts payable and the change in the related balance is reflected in operating activities on the Consolidated and Combined Statements of Cash Flows. Litigation and Contingent Liabilities The Company is subject to lawsuits, investigations and other claims related to employment, environmental, product and other matters. The Company is required to assess the likelihood of any adverse judgments or outcomes, as well as potential ranges of probable losses, to these matters. The Company estimates the amount of reserves required for these contingencies when losses are determined to be probable and after considerable analysis of each individual issue. The Company expenses legal costs related to such loss contingencies as they are incurred. The accrual for environmental remediation liabilities is measured on an undiscounted basis. These reserves may change in the future due to changes in the Company’s assumptions, the effectiveness of strategies, or other factors beyond the Company’s control. Accrued Self Insurance Insurance expense for casualty claims and employee-related health care benefits are estimated using historical and current experience and actuarial estimates. Stop-loss coverage is maintained with third-party insurers to limit the Company’s total exposure. Certain categories of claim liabilities are actuarially determined. The assumptions used to arrive at periodic expenses are reviewed regularly by management. However, actual expenses could differ from these estimates and could result in adjustments to be recognized. Asset Retirement Obligations The Company monitors certain asset retirement obligations in connection with its operations. These obligations relate to clean-up, removal or replacement activities and related costs for “in-place” exposures only when those exposures are moved or modified, such as during renovations of our facilities. These in-place exposures include asbestos, refrigerants, wastewater, oil, lubricants and other contaminants common in manufacturing environments. Under existing regulations, the Company is not required to remove these exposures and there are no plans to undertake a renovation that would require removal of the asbestos or the remediation of the other in-place exposures at this time. The facilities are expected to be maintained and repaired by activities that will not result in the removal or disruption of these in-place exposures at this time. As a result, there is an indeterminate settlement date for these asset retirement obligations because the range of time over which the Company may incur these liabilities is unknown and cannot be reasonably estimated. Therefore, the Company has not recorded the fair value of any potential liability. Income Taxes The Company follows provisions under ASC No. 740-10-30-27 in the Expenses-Income Taxes topic with regard to members of a group that file a consolidated tax return but issue separate financial statements. The Company files its own U.S. federal tax return, but it is included in certain state unitary returns with JBS USA Food Company Holdings (“JBS USA Holdings”). The income tax expense of the Company is computed using the separate return method. The provision for income taxes has been determined using the asset and liability approach of accounting for income taxes. For the unitary states, we have an obligation to make tax payments to JBS USA Holdings for our share of the unitary taxable income, which is included in taxes payable in our Consolidated Balance Sheets. Under this approach, deferred income taxes reflect the net tax effect of temporary differences between the book and tax bases of recorded assets and liabilities, net operating losses and tax credit carry forwards. The amount of deferred tax on these temporary differences is determined using the tax rates expected to apply to the period when the asset is realized or the liability is settled, as applicable, based on the tax rates and laws in the respective tax jurisdiction enacted as of the balance sheet date. The Company reviews its deferred tax assets for recoverability and establishes a valuation allowance based on historical taxable income, potential for carry back of tax losses, projected future taxable income, applicable tax strategies, and the expected timing of the reversals of existing temporary differences. A valuation allowance is provided when it is more likely than not that some or all of the deferred tax assets will not be realized. Valuation allowances have been established primarily for net operating loss carry forwards of certain foreign subsidiaries. See “Note 12. Income Taxes” to the Consolidated and Combined Financial Statements. The Company deems its earnings from Mexico, Puerto Rico and the United Kingdom as of December 30, 2018 to be permanently reinvested. As such, U.S. deferred income taxes have not been provided on these earnings. If such earnings were not considered indefinitely reinvested, certain deferred foreign and U.S. income taxes would be provided. See “Note 12. Income Taxes” to the Consolidated and Combined Financial Statements. The Company follows provisions under ASC No. 740-10-25 that provide a recognition threshold and measurement criteria for the financial statement recognition of a tax benefit taken or expected to be taken in a tax return. Tax benefits are recognized only when it is more likely than not, based on the technical merits, that the benefits will be sustained on examination. Tax benefits that meet the more-likely-than-not recognition threshold are measured using a probability weighting of the largest amount of tax benefit that has greater than 50.0% likelihood of being realized upon settlement. Whether the more-likely-than-not recognition threshold is met for a particular tax benefit is a matter of judgment based on the individual facts and circumstances evaluated in light of all available evidence as of the balance sheet date. See “Note 12. Income Taxes” to the Consolidated and Combined Financial Statements. Pension and Other Postemployment Benefits Our pension and other postemployment benefit costs and obligations are dependent on the various actuarial assumptions used in calculating such amounts. These assumptions relate to discount rates, long-term return on plan assets and other factors. We base the discount rate assumptions on current investment yields on high-quality corporate long-term bonds. We determine the long-term return on plan assets based on historical portfolio results and management’s expectation of the future economic environment. Actual results that differ from our assumptions are accumulated and, if in excess of the lesser of 10% of the projected benefit obligation or the fair market value of plan assets, amortized over either (i) the estimated average future service period of active plan participants if the plan is active or (ii) the estimated average future life expectancy of all plan participants if the plan is frozen. Operating Leases Rent expense for operating leases is recorded on a straight-line basis over the lease term unless the lease contains an escalation clause which is not fixed or determinable. The lease term begins when we have the right to control the use of the leased property, which is typically before rent payments are due under the terms of the lease. If a lease has a fixed or determinable escalation clause, the difference between rent expense and rent paid is recorded as deferred rent and is included in the Consolidated Balance Sheets. Rent for operating leases that do not have an escalation clause or where escalation is based on an inflation index is expensed over the lease term as it is payable. Derivative Financial Instruments The Company uses derivative financial instruments (e.g., futures, forwards and options) for the purpose of mitigating exposure to changes in commodity prices and foreign currency exchange rates. • Commodity Price Risk - The Company utilizes various raw materials, which are all considered commodities, in its operations, including corn, soybean meal, soybean oil, wheat, natural gas, electricity and diesel fuel. The Company considers these raw materials to be generally available from a number of different sources and believes it can obtain them to meet its requirements. These commodities are subject to price fluctuations and related price risk due to factors beyond our control, such as economic and political conditions, supply and demand, weather, governmental regulation and other circumstances. Generally, the Company enters into derivative contracts such as physical forward contracts and exchange-traded futures or option contracts in an attempt to mitigate price risk related to its anticipated consumption of commodity inputs for periods up to 12 months. The Company may enter into longer-term derivatives on particular commodities if deemed appropriate. • Foreign Currency Risk - The Company has foreign operations and, therefore, has exposure to foreign exchange risk when the financial results of those operations are translated to US dollars. The Company will occasionally purchase derivative financial instruments such as foreign currency forward contracts in an attempt to mitigate currency exchange rate exposure related to the net assets of its Mexico operations that are denominated in Mexican pesos. The Company’s Moy Park operation also attempts to mitigate foreign currency exposure on certain euro- and U.S. dollar-denominated transactions through the use of derivative financial instruments. Pilgrim’s recognizes all commodity derivative instruments that qualify for derivative accounting treatment as either assets or liabilities and measures those instruments at fair valu

BUSINESS ACQUISITIONS

BUSINESS ACQUISITIONS	12 Months Ended
	Dec. 30, 2018
Business Combinations [Abstract]
BUSINESS ACQUISITIONS	BUSINESS ACQUISITIONS Moy Park On September 8, 2017, the Company purchased 100% of the issued and outstanding shares of Moy Park from JBS S.A. for cash of $301.3 million and a note payable to the seller in the amount of £ 562.5 million . Moy Park is one of the top-ten food companies in the U.K., Northern Ireland's largest private sector business and one of Europe's leading poultry producers. With 4 fresh processing plants, 10 prepared foods cook plants, 3 feed mills, 6 hatcheries and 1 rendering facility in Northern Ireland, England, France, and the Netherlands, Moy Park processes 6.1 million birds per seven-day work week, in addition to producing around 462.0 million pounds of prepared foods per year. Its product portfolio comprises fresh and added-value poultry, ready-to-eat meals, breaded and multi-protein frozen foods, vegetarian foods and desserts, supplied to major food retailers and restaurant chains in Europe (including the U.K.). Moy Park has approximately 10,300 employees as of December 30, 2018 . The Moy Park operations comprise our U.K. and Europe segment. The acquisition was treated as a common-control transaction under U.S. GAAP. A common-control transaction is a transfer of net assets or an exchange of equity interests between entities under the control of the same parent. The accounting and reporting for a transaction between entities under common control is not to be considered a business combination under U.S. GAAP. Since there is no change in control over the net assets from the parent’s perspective, there is no change in basis in the assets or liabilities. Therefore, Pilgrim's, as the receiving entity, recognized the assets and liabilities received at their historical carrying amounts, as reflected in the parent’s financial statements. The difference between the proceeds transferred and the carrying amounts of the net assets on the date of the acquisition is recognized in equity. Transaction costs incurred in conjunction with the acquisition were approximately $19.9 million . These costs were expensed as incurred. Beginning September 8, 2017, the results of operations and financial position of Moy Park have been included in the consolidated results of operations and financial position of the Company. The results of operations and financial position of Moy Park have been combined with the results of operations and financial position of Pilgrim's from September 30, 2015, the common control date, through September 7, 2017. The following table summarizes the results of operations of Moy Park since the September 30, 2015 common-control date: Net Sales Net Income (In thousands) 2018 $ 2,148,666 $ 52,072 September 8, 2017 through December 31, 2017 722,387 34,039 December 26, 2016 through September 7, 2017 1,273,932 23,486 2016 1,947,441 40,388 2015 572,568 17,010 GNP On January 6, 2017, the Company acquired 100% of the membership interests of JFC LLC and its subsidiaries (together, “GNP”) from Maschhoff Family Foods, LLC for $350.0 million , subject to customary working capital adjustments. The purchase was funded through cash on hand and borrowings under the U.S. Credit Agreement. GNP is a vertically integrated poultry business based in St. Cloud, Minnesota. The acquired business has a production capacity of 2.1 million birds per five-day work week in its two plants and employed approximately 1,600 people as of December 30, 2018 . This acquisition further strengthened the Company’s strategic position in the U.S. chicken market. The GNP operations are included in our U.S. segment. The following table summarizes the consideration paid for GNP (in thousands): Negotiated sales price $ 350,000 Working capital adjustment 7,252 Preliminary purchase price $ 357,252 Transaction costs incurred in conjunction with the purchase were approximately $0.6 million . These costs were expensed as incurred. The results of operations of the acquired business since January 6, 2017 are included in the Company’s Consolidated and Combined Statements of Income. Net sales generated and net loss incurred by the acquired business during 2018 totaled $398.4 million and $1.4 million , respectively. Net sales and net income generated by the acquired business during 2017 totaled $433.9 million and $30.4 million , respectively. The assets acquired and liabilities assumed in the GNP acquisition were measured at their fair values at January 6, 2017 as set forth below. The excess of the purchase price over the fair values of the net tangible assets and identifiable intangible assets was recorded as goodwill. The factors contributing to the recognition of the amount of goodwill are based on several strategic and synergistic benefits that are expected to be realized from the acquisition as well the assembled workforce. These benefits include (i) complementary product offerings, (ii) an enhanced footprint in the U.S., (iii) shared knowledge of innovative technologies such as gas stunning, aeroscalding and automated deboning, (iv) enhanced position in the fast-growing antibiotic-free and certified organic chicken segments due to the addition of GNP’s portfolio of Just BARE® Certified Organic and Natural/American Humane CertifiedTM/No-Antibiotics-Ever product lines and (v) attractive cost-reduction synergy opportunities and value creation. The Company has tax basis in the goodwill, and therefore, the goodwill is deductible for tax purposes. The fair values recorded were determined based upon upon various external and internal valuations.. The fair values recorded for the assets acquired and liabilities assumed for GNP are as follows (in thousands): Cash and cash equivalents $ 10 Trade accounts and other receivables 18,453 Inventories 56,459 Prepaid expenses and other current assets 3,414 Property, plant and equipment 144,138 Identifiable intangible assets 131,120 Other long-lived assets 829 Total assets acquired 354,423 Accounts payable 23,848 Other current liabilities 11,866 Other long-term liabilities 3,393 Total liabilities assumed 39,107 Total identifiable net assets 315,316 Goodwill 41,936 Total net assets $ 357,252 The Company recognized certain identifiable intangible assets as of January 6, 2017 due to this acquisition. The following table presents the fair values and useful lives, where applicable, of these assets: Fair Value Useful Life (In thousands) (In years) Customer relationships $ 92,900 13.0 Trade names 38,200 20.0 Non-compete agreement 20 3.0 Total fair value $ 131,120 Weighted average useful life 15.2 The Company performed a valuation of the assets and liabilities of GNP as of January 6, 2017. Significant assumptions used in the valuation and the bases for their determination are summarized as follows: • Property, plant and equipment, net . Property, plant and equipment at fair value gave consideration to the highest and best use of the assets. The valuation of the Company's real property improvements and the majority of its personal property was based on the cost approach. The valuation of the Company's land, as if vacant, and certain personal property assets was based on the market or sales comparison approach. • Trade names . The Company valued two trade names using the income approach, specifically the relief from royalty method. Under this method, the asset value of each trade name was determined by estimating the hypothetical royalties that would have to be paid if it was not owned. Royalty rates were selected based on consideration of several factors, including (i) prior transactions involving GNP trade names, (ii) incomes derived from license agreements on comparable trade names within the food industry and (iii) the relative profitability and perceived contribution of each trade name. The royalty rate used in the determination of the fair values of the two trade names was 2.0% of expected net sales related to the respective trade names. In estimating the fair value of the trade names, net sales related to the respective trade names were estimated to grow at a rate of 2.5% . Income taxes were estimated at 39.3% of pre-tax income, a tax amortization benefit factor was estimated at 1.2098 and the hypothetical savings generated by avoiding royalty costs were discounted using a rate of 13.8% . • Customer relationships . The Company valued GNP customer relationships using the income approach, specifically the multi-period excess earnings model. Under this model, the fair value of the customer relationships asset was determined by estimating the net cash inflows from the relationships discounted to present value. In estimating the fair value of the customer relationships, net sales related to existing GNP customers were estimated to grow at a rate of 2.5% annually, but we also anticipate losing existing GNP customers at an attrition rate of 4.0% . Income taxes were estimated at 39.3% of pre-tax income, a tax amortization benefit factor was estimated at 1.2098 and net cash flows attributable to our existing customers were discounted using a rate of 13.8% . See “Note 8. Goodwill and Identified Intangible Assets” for additional information regarding the goodwill and intangible assets recognized by the Company in the GNP acquisition. Unaudited Pro Forma Financial Information The following unaudited pro forma information presents the combined financial results for the Company, Moy Park and GNP as if the acquisitions had been completed at the beginning of 2016 . 2018 2017 2016 (In thousands, except per share amounts) Net sales $ 10,937,784 $ 10,773,662 $ 10,311,325 Net income attributable to Pilgrim's Pride Corporation 236,026 664,776 388,188 Net income attributable to Pilgrim's Pride Corporation 0.95 2.67 1.53 The above unaudited pro forma financial information is presented for informational purposes only and does not purport to represent what the Company’s results of operations would have been had it completed the acquisitions on the date assumed, nor is it necessarily indicative of the results that may be expected in future periods. Pro forma adjustments exclude cost savings from any synergies resulting from the acquisitions.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	12 Months Ended
	Dec. 30, 2018
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS Fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. Assets and liabilities measured at fair value must be categorized into one of three different levels depending on the assumptions (i.e., inputs) used in the valuation: Level 1 Unadjusted quoted prices in active markets for identical assets or liabilities; Level 2 Quoted prices in active markets for similar assets and liabilities and inputs that are observable for the asset or liability; or Level 3 Unobservable inputs, such as discounted cash flow models or valuations. The valuation of financial assets and liabilities classified in Level 1 is determined using a market approach, taking into account current interest rates, creditworthiness, and liquidity risks in relation to current market conditions, and is based upon unadjusted quoted prices for identical assets in active markets. The valuation of financial assets and liabilities in Level 2 is determined using a market approach based upon quoted prices for similar assets and liabilities in active markets or other inputs that are observable for substantially the full term of the financial instrument. The valuation of financial assets in Level 3 is determined using an income approach based on unobservable inputs such as discounted cash flow models or valuations. For each class of assets and liabilities not measured at fair value in the Consolidated Balance Sheet but for which fair value is disclosed, the Company is not required to provide the quantitative disclosure about significant unobservable inputs used in fair value measurements categorized within Level 3 of the fair value hierarchy. In addition to the fair value disclosure requirements related to financial instruments carried at fair value, accounting standards require interim disclosures regarding the fair value of all of the Company’s financial instruments. The methods and significant assumptions used to estimate the fair value of financial instruments and any changes in methods or significant assumptions from prior periods are also required to be disclosed. The determination of where assets and liabilities fall within this hierarchy is based upon the lowest level of input that is significant to the fair value measurement in its entirety. As of December 30, 2018 and December 31, 2017 , the Company held derivative assets and liabilities that were required to be measured at fair value on a recurring basis. Derivative assets and liabilities consist of long and short positions on exchange-traded commodity futures instruments and foreign currency forward contracts to manage translation and remeasurement risk. The following items were measured at fair value on a recurring basis: December 30, 2018 Level 1 Level 2 Level 3 Total (In thousands) Fair value assets: Commodity futures instruments $ 2,244 $ — $ — $ 2,244 Commodity options instruments — — — — Foreign currency instruments 1,311 — — 1,311 Fair value liabilities: Commodity futures instruments (1,479 ) — — (1,479 ) Commodity options instruments (3,312 ) — — (3,312 ) Foreign currency instruments (6,649 ) — — (6,649 ) December 31, 2017 Level 1 Level 2 Level 3 Total (In thousands) Fair value assets: Commodity futures instruments $ 301 $ — $ — $ 301 Commodity options instruments 421 — — 421 Foreign currency instruments 45 — — 45 Fair value liabilities: Commodity futures instruments (296 ) — — (296 ) Commodity option instruments (3,551 ) — — (3,551 ) Foreign currency instruments (211 ) — — (211 ) See “Note 7. Derivative Financial Instruments” for additional information. The carrying amounts and estimated fair values of our fixed-rate debt obligation recorded in the Consolidated Balance Sheets consisted of the following: December 30, 2018 December 31, 2017 Carrying Fair Carrying Fair (In thousands) Fixed-rate senior notes payable at 5.75%, at Level 1 inputs $ (1,002,497 ) $ (937,300 ) $ (750,000 ) $ (774,375 ) Fixed-rate senior notes payable at 5.875%, at Level 1 inputs (843,717 ) (768,188 ) (604,820 ) (619,080 ) Fixed-rate senior notes payable at 6.25%, at Level 1 inputs — — (403,444 ) (418,787 ) Secured loans, at Level 3 inputs (319 ) (319 ) (873 ) (855 ) See “Note 11. Long-Term Debt and Other Borrowing Arrangements” for additional information. The carrying amounts of our cash and cash equivalents, derivative trading accounts' margin cash, restricted cash and cash equivalents, accounts receivable, accounts payable and certain other liabilities approximate their fair values due to their relatively short maturities. Derivative assets were recorded at fair value based on quoted market prices and are included in the line item Prepaid expenses and other current assets on the Consolidated Balance Sheet. Derivative liabilities were recorded at fair value based on quoted market prices and are included in the line item Accrued expenses and other current liabilities on the Consolidated Balance Sheet. The fair values of the Company’s Level 1 fixed-rate debt obligation was based on the quoted market price at December 30, 2018 or December 31, 2017 , as applicable. The fair values of the Company’s Level 3 fixed-rate debt obligation was based on discounted cash flows at December 30, 2018 or December 31, 2017 , as applicable. In addition to assets and liabilities that are recorded at fair value on a recurring basis, the Company records certain assets and liabilities at fair value on a nonrecurring basis. Generally, assets are recorded at fair value on a nonrecurring basis as a result of impairment charges when required by U.S. GAAP. There were no significant fair value measurement losses recognized for such assets and liabilities in the periods reported.

TRADE ACCOUNTS AND OTHER RECEIV

TRADE ACCOUNTS AND OTHER RECEIVABLES	12 Months Ended
	Dec. 30, 2018
Accounts Receivable, Net [Abstract]
TRADE ACCOUNTS AND OTHER RECEIVABLES	TRADE ACCOUNTS AND OTHER RECEIVABLES Trade accounts and other receivables (including accounts receivable from related parties), less allowance for doubtful accounts, consisted of the following: December 30, 2018 December 31, 2017 (In thousands) Trade accounts receivable $ 533,645 $ 548,472 Notes receivable - current 4,630 5,130 Other receivables 31,331 20,021 Receivables, gross 569,606 573,623 Allowance for doubtful accounts (8,057 ) (8,145 ) Receivables, net $ 561,549 $ 565,478 Accounts receivable from related parties (a) $ 1,331 $ 2,951 (a) Additional information regarding accounts receivable from related parties is included in “Note 19. Related Party Transactions.” Changes in the allowance for doubtful accounts were as follows: Total (In thousands) Balance at December 31, 2017 $ (8,145 ) Provision charged to operating results (1,633 ) Account write-offs and recoveries 1,682 Effect of exchange rate 39 Balance at December 30, 2018 $ (8,057 )

INVENTORIES

INVENTORIES	12 Months Ended
	Dec. 30, 2018
Inventory Disclosure [Abstract]
INVENTORIES	INVENTORIES Inventories consisted of the following: December 30, 2018 December 31, 2017 (In thousands) Raw materials and work-in-process $ 747,801 $ 722,083 Finished products (a) 317,410 444,796 Operating supplies 43,825 35,442 Maintenance materials and parts 50,483 52,749 Total inventories $ 1,159,519 $ 1,255,070 (a) Finished products contains a $54.4 million reclassification related to both in-transit and non-chicken finished products that were previously presented in Feed, eggs and other on our annual report on Form 10-K for the year ended December 31, 2017 to conform to the inventories presented as of December 30, 2018.

INVESTMENTS IN SECURITIES

INVESTMENTS IN SECURITIES	12 Months Ended
	Dec. 30, 2018
Investments, Debt and Equity Securities [Abstract]
INVESTMENTS IN SECURITIES	INVESTMENTS IN SECURITIES We recognize investments in available-for-sale securities as cash equivalents, current investments or long-term investments depending upon each security’s length to maturity. Additionally, those securities identified by management at the time of purchase for funding operations in less than one year are classified as current. The following table summarizes our investments in available-for-sale securities: December 30, 2018 December 31, 2017 Fair Fair (In thousands) Cash equivalents: Fixed income securities $ 135,286 $ 135,286 $ 330,456 $ 330,456 Other 67,474 67,474 942 942 Securities classified as cash and cash equivalents mature within 90 days. Securities classified as short-term investments mature between 91 and 365 days. Securities classified as long-term investments mature after 365 days. The specific identification method is used to determine the cost of each security sold and each amount reclassified out of accumulated other comprehensive loss to earnings. Gross realized gains recognized during 2018 and 2017 related to the Company’s available-for-sale securities totaled $8.0 million and $4.0 million , respectively, while gross realized losses were immaterial. Proceeds received from the sale or maturity of available-for-sale securities during 2018 and 2017 are disclosed in the Consolidated and Combined Statements of Cash Flows. Net unrealized holding gains and losses on the Company’s available-for-sale securities recognized during 2018 and 2017 that have been included in accumulated other comprehensive loss and the net amount of gains and losses reclassified out of accumulated other comprehensive loss to earnings during 2018 and 2017 are disclosed in “Note 15. Stockholders’ Equity.”

DERIVATIVE FINANCIAL INSTRUMENT

DERIVATIVE FINANCIAL INSTRUMENTS	12 Months Ended
	Dec. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE FINANCIAL INSTRUMENTS	DERIVATIVE FINANCIAL INSTRUMENTS The Company utilizes various raw materials in its operations, including corn, soybean meal, soybean oil, wheat, natural gas, electricity and diesel fuel, which are all considered commodities. The Company considers these raw materials generally available from a number of different sources and believes it can obtain them to meet its requirements. These commodities are subject to price fluctuations and related price risk due to factors beyond our control, such as economic and political conditions, supply and demand, weather, governmental regulation and other circumstances. Generally, the Company purchases derivative financial instruments, specifically exchange-traded futures and options, in an attempt to mitigate price risk related to its anticipated consumption of commodity inputs for approximately the next 12 months. The Company may purchase longer-term derivative financial instruments on particular commodities if deemed appropriate. The Company has operations in Mexico and Europe (including the U.K.) and, therefore, has exposure to translational foreign exchange risk when the financial results of those operations are remeasured in U.S. dollars. The Company has purchased foreign currency forward contracts to manage this translational foreign exchange risk. The fair value of derivative assets is included in the line item Prepaid expenses and other current assets on the Consolidated Balance Sheets while the fair value of derivative liabilities is included in the line item Accrued expenses and other current liabilities on the same statements. Our counterparties require that we post cash collateral for changes in the net fair value of the derivative contracts. This cash collateral is reported in the line item Restricted cash and cash equivalents on the Consolidated Balance Sheets. We have not designated certain derivative financial instruments that we have purchased to mitigate commodity purchase or foreign currency transaction exposures on our Mexico operations as cash flow hedges. Items designated as cash flow hedges are disclosed and described further below. Therefore, we recognized changes in the fair value of these derivative financial instruments immediately in earnings. Gains or losses related to these derivative financial instruments are included in the line item Cost of sales in the Consolidated and Combined Statements of Income. We have designated certain derivative financial instruments related to our U.K. and Europe segment that we have purchased to mitigate foreign currency transaction exposures as cash flow hedges. Before the settlement date of the financial derivative instruments, we recognize changes in the fair value of the effective portion of the cash flow hedge into accumulated other comprehensive income (“AOCI”) while we recognize changes in the fair value of the ineffective portion immediately in earnings. When the derivative financial instruments associated with the effective portion are settled, the amount in AOCI is then reclassified to earnings. Gains or losses related to these derivative financial instruments are included in the line item Cost of sales in the Consolidated and Combined Statements of Income. The Company recognized $27.1 million in net losses and $6.7 million in net gains related to changes in the fair value of its derivative financial instruments during 2018 and 2017 , respectively. The Company recognized $4.3 million in net losses during 2016. Information regarding the Company’s outstanding derivative instruments and cash collateral posted with brokers is included in the following table: December 30, 2018 December 31, 2017 (Fair values in thousands) Fair values: Commodity derivative assets $ 2,263 $ 722 Commodity derivative liabilities (4,791 ) (3,847 ) Foreign currency derivative assets 1,311 45 Foreign currency derivative liabilities (6,649 ) (211 ) Cash collateral posted with brokers (a) 23,192 8,021 Derivatives Coverage (b) : Corn 6.0 % 3.1 % Soybean meal 6.0 % 1.7 % Period through which stated percent of needs are covered: Corn March 2020 March 2019 Soybean meal December 2019 December 2018 (a) Collateral posted with brokers consists primarily of cash, short term treasury bills, or other cash equivalents. (b) Derivatives coverage is the percent of anticipated commodity needs covered by outstanding derivative instruments through a specified date. The following tables present the components of the gain or loss on derivatives that qualify as cash flow hedges: Gain (Loss) Recognized in Other Comprehensive Income on Derivative (Effective Portion) December 30, 2018 December 31, 2017 December 25, 2016 (In thousands) Foreign currency derivatives $ 829 $ 60 $ (152 ) Total $ 829 $ 60 $ (152 ) Net Realized Gain (Loss) Recognized in Income on Derivative (Ineffective Portion) December 30, 2018 December 31, 2017 December 25, 2016 (In thousands) Foreign currency derivatives $ — $ — $ — Total $ — $ — $ — Gain (Loss) Reclassified from AOCI into Income (Effective Portion) December 30, 2018 December 31, 2017 December 25, 2016 (In thousands) Foreign currency derivatives $ (348 ) $ 639 $ (310 ) Total $ (348 ) $ 639 $ (310 ) At December 30, 2018 , the before-tax deferred net gains on derivatives recorded in AOCI that are expected to be reclassified to the Consolidated and Combined Statements of Income during the next twelve months are $0.5 million . 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 gains (losses) to earnings.

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	12 Months Ended
	Dec. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND INTANGIBLE ASSETS	GOODWILL AND INTANGIBLE ASSETS The activity in goodwill by segment for the years ended December 30, 2018 and December 31, 2017 were as follows: December 31, 2017 Additions Other Currency Translation December 30, 2018 (In thousands) U.S. $ 41,936 $ — $ — $ — $ 41,936 U.K. and Europe 834,346 — (1,156 ) (50,983 ) 782,207 Mexico 125,607 — — — 125,607 Total $ 1,001,889 $ — $ (1,156 ) $ (50,983 ) $ 949,750 December 25, 2016 Additions Other Currency Translation December 31, 2017 (In thousands) U.S. $ — $ 41,936 $ — $ — $ 41,936 U.K. and Europe 761,614 — — 72,732 834,346 Mexico 125,607 — — — 125,607 Total $ 887,221 $ 41,936 $ — $ 72,732 $ 1,001,889 Identified intangible assets consisted of the following: December 31, 2017 Additions Amortization Currency Translation Reclassification December 30, 2018 (In thousands) Carrying amount: Trade names $ 79,686 $ — $ — $ — $ (1,343 ) $ 78,343 Customer relationships 251,952 — — (5,589 ) 1,343 247,706 Non-compete agreements 320 — — — — 320 Trade names not subject to amortization 403,594 — — (23,527 ) — 380,067 Accumulated amortization: Trade names (40,888 ) — (3,287 ) — 623 (43,552 ) Customer relationships (77,194 ) — (22,441 ) 1,817 (623 ) (98,441 ) Non-compete agreements (307 ) — (8 ) — — (315 ) Total $ 617,163 $ — $ (25,736 ) $ (27,299 ) $ — $ 564,128 December 25, 2016 Additions Amortization Currency Translation Reclassification December 31, 2017 (In thousands) Carrying amount: Trade names $ 41,369 $ 38,200 $ — $ 117 $ — $ 79,686 Customer relationships 151,147 92,900 — 7,905 — 251,952 Non-compete agreements 300 20 — — — 320 Trade names not subject to amortization 369,258 — — 34,336 — 403,594 Accumulated amortization: Trade names (37,128 ) — (3,808 ) 48 — (40,888 ) Customer relationships (53,055 ) — (22,571 ) (1,568 ) — (77,194 ) Non-compete agreements (300 ) — (7 ) — — (307 ) Total $ 471,591 $ 131,120 $ (26,386 ) $ 40,838 $ — $ 617,163 Intangible assets are amortized over the estimated useful lives of the assets as follows: Customer relationships 5-16 years Trade names 3-20 years Non-compete agreements 3 years The Company recognized amortization expense related to identified intangible assets of $25.7 million in 2018, $26.4 million in 2017 and $18.7 million in 2016. The Company expects to recognize amortization expense associated with identified intangible assets of $23.5 million in 2019, $19.7 million in 2020, $19.7 million in 2021 and $19.7 million in 2022, and $19.7 million in 2023. At December 30, 2018 , the Company assessed qualitative factors to determine if it was necessary to perform either the two-step quantitative impairment test related to the carrying amount of its goodwill or quantitative impairment tests related to the carrying amounts of its identified intangible assets not subject to amortization. Based on these assessments, the Company determined that it was not necessary to perform either the two-step quantitative impairment test related to the carrying amount of its goodwill nor the quantitative impairment tests related to the carrying amounts of its identified intangible assets not subject to amortization at that date. At December 30, 2018 , the Company assessed if events or changes in circumstances indicated that the aggregate carrying amount of its identified intangible assets subject to amortization might not be recoverable. There were no indicators present that required the Company to test the recoverability of the aggregate carrying amount of its identified intangible assets subject to amortization at that date.

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	12 Months Ended
	Dec. 30, 2018
Property, Plant and Equipment [Abstract]
PROPERTY, PLANT AND EQUIPMENT	PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment (“PP&E”), net consisted of the following: December 30, 2018 December 31, 2017 (In thousands) Land $ 196,769 $ 205,087 Buildings 1,697,703 1,681,610 Machinery and equipment 2,618,213 2,533,522 Autos and trucks 59,195 58,159 Construction-in-progress 269,166 187,094 PP&E, gross 4,841,046 4,665,472 Accumulated depreciation (2,679,344 ) (2,570,325 ) PP&E, net $ 2,161,702 $ 2,095,147 The Company recognized depreciation expense of $248.3 million , $245.4 million and $210.5 million during 2018 , 2017 and 2016 , respectively. During 2018 , the Company spent $348.7 million on capital projects and transferred $246.5 million of completed projects from construction-in-progress to depreciable assets. Capital expenditures were primarily incurred during 2018 to improve operational efficiencies and reduce costs. During 2017 , the Company spent $339.9 million on capital projects and transferred $411.8 million of completed projects from construction-in-progress to depreciable assets. During 2018 , the Company sold certain PP&E for $9.8 million and recognized a gain of $1.9 million . PP&E sold in 2018 included processing plants in Alabama and Minnesota, a residential building in Georgia, vacant land in Georgia and North Carolina, and miscellaneous equipment. During 2017 , the Company sold certain PP&E for $4.5 million and recognized a gain of $0.5 million . PP&E sold in 2017 included processing plants in Texas and Ireland, a feed mill in Arkansas, a hatchery in the U.K., poultry farms in Alabama and Texas, vacant land in Texas and miscellaneous equipment. At December 30, 2018 , the Company reported properties and related assets totaling $0.2 million in Assets held for sale on its Consolidated Balance Sheets. The fair values of the miscellaneous equipment that were classified as assets held for sale as of December 30, 2018 were based on quoted market prices. The Company tested the recoverability of its Minnesota processing complex held for sale at various effective dates during 2018. The Company determined that the aggregate carrying amount of this asset group at various times during 2018 was not recoverable over the remaining life of the primary asset in the group and recognized impairment costs of $0.8 million within its U.S. segment, which is reported in the line item Administrative restructuring charges on its Consolidated and Combined Statements of Income. The Minnesota processing complex was sold in the fourth quarter of 2018. The Company tested the recoverability of assets owned by Rose Energy Ltd. at various effective dates during 2018. The Company determined that the aggregate carrying amount of this asset group at December 30, 2018 was not recoverable over the remaining life of the primary asset in the group and recognized impairment costs of $2.6 million within its U.K. and Europe segment, which is reported in the line item Administrative restructuring charges on its Consolidated and Combined Statements of Income. The Company has closed or idled various facilities in the U.S. and in the U.K. Neither the Board of Directors nor JBS has 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. At December 30, 2018 , the carrying amount of these idled assets was $44.7 million based on depreciable value of $154.4 million and accumulated depreciation of $109.7 million . During 2018, the Company recognized an impairment loss of $0.1 million related to leasehold improvements at an idled administrative office. At December 30, 2018 , the Company assessed if events or changes in circumstances indicated that the aggregate carrying amount of its property, plant and equipment held for use might not be recoverable. There were no indicators present that required the Company to test the recoverability of the aggregate carrying amount of its property, plant and equipment held for use at that date.

CURRENT LIABILITIES

CURRENT LIABILITIES	12 Months Ended
	Dec. 30, 2018
Payables and Accruals [Abstract]
CURRENT LIABILITIES	CURRENT LIABILITIES Current liabilities, other than income taxes and current maturities of long-term debt, consisted of the following components: December 30, 2018 December 31, 2017 (In thousands) Accounts payable: Trade accounts $ 744,105 $ 661,759 Book overdrafts 69,475 56,022 Other payables 16,479 15,246 Total accounts payable 830,059 733,027 Accounts payable to related parties (a) 7,269 2,889 Revenue contract liability (b) 33,328 36,607 Accrued expenses and other current liabilities: Compensation and benefits 149,507 181,678 Interest and debt-related fees 33,596 29,750 Insurance and self-insured claims 80,990 79,911 Derivative liabilities: Commodity futures 1,479 296 Commodity options 3,312 3,551 Foreign currency derivatives 6,649 211 Other accrued expenses 111,408 114,755 Total accrued expenses and other current liabilities 386,941 410,152 Total current liabilities $ 1,257,597 $ 1,182,675 (a) Additional information regarding accounts payable to related parties is included in “Note 19. Related Party Transactions.” (b) Additional information regarding revenue contract liabilities is included in “Note 13. Revenue Recognition.”

LONG-TERM DEBT AND OTHER BORROW

LONG-TERM DEBT AND OTHER BORROWING ARRANGEMENTS	12 Months Ended
	Dec. 30, 2018
Debt Disclosure [Abstract]
LONG-TERM DEBT AND OTHER BORROWING ARRANGEMENTS	LONG-TERM DEBT AND OTHER BORROWING ARRANGEMENTS Long-term debt consisted of the following components: Maturity December 30, 2018 December 31, 2017 Long-term debt and other long-term borrowing arrangements: (In thousands) Senior notes payable, net of premium and discount at 5.75% 2025 $ 1,002,497 $ 754,820 Senior notes payable, net of discount at 5.875% 2027 843,717 600,000 Senior notes payable at 6.25% 2021 — 403,444 U.S. Credit Facility (defined below): Term note payable at 3.65% 2023 500,000 780,000 Revolving note payable at 5.25% 2023 — 73,262 2016 Mexico Credit Facility (defined below) with notes payable at 2019 — 76,307 Moy Park France Invoice Discounting Revolver with payables at 2019 2,277 1,815 Moy Park Credit Agricole Bank Overdraft with notes payable at On Demand 88 — Moy Park Multicurrency Revolving Facility with notes payable at 2018 — 9,590 Moy Park Bank of Ireland Revolving Facility with notes payable at 2023 — — Secured loans with payables at weighted average of 3.73% Various 319 873 Capital lease obligations Various 3,707 9,239 Long-term debt 2,352,605 2,709,350 Less: Current maturities of long-term debt (30,405 ) (47,775 ) Long-term debt, less current maturities 2,322,200 2,661,575 Less: Capitalized financing costs (27,010 ) (25,958 ) Long-term debt, less current maturities, net of capitalized $ 2,295,190 $ 2,635,617 U.S. Senior Notes On March 11, 2015, the Company completed a sale of $500.0 million aggregate principal amount of its 5.75% senior notes due 2025. On September 29, 2017, the Company completed an add-on offering of $250.0 million of these senior notes. The issuance price of this add-on offering was 102.0% , which created gross proceeds of $255.0 million . The additional $5.0 million will be amortized over the remaining life of the senior notes. On March 7, 2018, the Company completed another add-on offering of $250.0 million of these senior notes (together with the senior notes issued in March 2015 and September 2017, the “Senior Notes due 2025”). The issuance price of this add-on offering was 99.25% , which created gross proceeds of $248.1 million . The $1.9 million discount will be amortized over the remaining life of the senior notes. Each issuance of the Senior Notes due 2025 is treated as a single class for all purposes under the 2015 Indenture (defined below) and have the same terms. The Senior Notes due 2025 are governed by, and were issued pursuant to, an indenture dated as of March 11, 2015 by and among the Company, its guarantor subsidiary and Wells Fargo Bank, National Association, as trustee (the “2015 Indenture”). The 2015 Indenture provides, among other things, that the Senior Notes due 2025 bear interest at a rate of 5.75% per annum from the date of issuance until maturity, payable semi-annually in cash in arrears, beginning on September 15, 2015 for the Senior Notes due 2025 that were issued in March 2015 and beginning on March 15, 2018 for the Senior Notes due 2025 that were issued in September 2017 and March 2018. On September 29, 2017, the Company completed a sale of $600.0 million aggregate principal amount of its 5.875% senior notes due 2027. On March 7, 2018, the Company completed an add-on offering of $250.0 million of these senior notes (together with the senior notes issued in September 2017, the “Senior Notes due 2027”). The issuance price of this add-on offering was 97.25% , which created gross proceeds of $243.1 million . The $6.9 million discount will be amortized over the remaining life of the Senior Notes due 2027. Each issuance of the Senior Notes due 2027 is treated as a single class for all purposes under the 2017 Indenture (defined below) and have the same terms. The Senior Notes due 2027 are governed by, and were issued pursuant to, an indenture dated as of September 29, 2017 by and among the Company, its guarantor subsidiary and U.S. Bank National Association, as trustee (the “2017 Indenture”). The 2017 Indenture provides, among other things, that the Senior Notes due 2027 bear interest at a rate of 5.875% per annum from the date of issuance until maturity, payable semi-annually in cash in arrears, beginning on March 30, 2018 for the Senior Notes due 2027 that were issued in September 2017 and beginning on March 15, 2018 for the Senior Notes due 2027 that were issued in March 2018. The Senior Notes due 2025 and the Senior Notes due 2027 are each guaranteed on a senior unsecured basis by the Company’s guarantor subsidiary. In addition, any of the Company’s other existing or future domestic restricted subsidiaries that incur or guarantee any other indebtedness (with limited exceptions) must also guarantee the Senior Notes due 2025 and the Senior Notes due 2027. The Senior Notes due 2025 and the Senior Notes due 2027 and related guarantees are unsecured senior obligations of the Company and its guarantor subsidiary and rank equally with all of the Company’s and its guarantor subsidiary’s other unsubordinated indebtedness. The Senior Notes due 2025, the 2015 Indenture, the Senior Notes due 2027 and the 2017 Indenture also contain customary covenants and events of default, including failure to pay principal or interest on the Senior Notes due 2025 and the Senior Notes due 2027, respectively, when due, among others. The Company used the net proceeds from the sale of the Senior Notes due 2025 and the Senior Notes due 2027 that were issued in September 2017 to repay in full the JBS S.A. Promissory Note issued as part of the Moy Park acquisition and for general corporate purposes. The Company used the net proceeds from the sale of the Senior Notes due 2025 and the Senior Notes due 2027 that were issued in March 2018 to pay the second tender price of Moy Park Notes (as described below), repay a portion of outstanding secured debt, and for general corporate purposes. The Senior Notes due 2025 and the Senior Notes due 2027 were sold to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and outside the United States to non-U.S. persons pursuant to Regulation S under the Securities Act. Moy Park Senior Notes Between May 29, 2014 and April 17, 2015, Moy Park (Bondco) plc completed the sale of £300.0 million aggregate principal amount of its 6.25% senior notes due 2021 (the “Moy Park Senior Notes”). Between November 3, 2017 and March 8, 2018, Moy Park (Bondco) plc completed the purchase for cash of the Moy Park Senior Notes through a tender offer. As of March 8, 2018, £234.3 million principal amount of Moy Park Senior Notes had been validly tendered and purchased by Moy Park (Bondco) plc. On May 29, 2018, Moy Park (Bondco) plc redeemed all remaining Moy Park Senior Notes outstanding at the redemption price equal to 101.56% of the principal amount, plus accrued and unpaid interest. The aggregate principal amount of the Moy Park Senior Notes redeemed on May 29, 2018 was £65.7 million . As of December 30, 2018 , there are no Moy Park Senior Notes outstanding. U.S. Credit Facility On July 20, 2018, the Company, and certain of the Company’s subsidiaries entered into a Fourth Amended and Restated Credit Agreement (the “U.S. Credit Facility”) with CoBank, ACB, as administrative agent and collateral agent, and the other lenders party thereto. The U.S. Credit Facility provides for a $750.0 million revolving credit commitment and a term loan commitment of up to $500.0 million (the “Term Loans”). The Company used the proceeds from the term loan commitment under the U.S. Credit Facility, together with cash on hand, to repay the outstanding loans under the Company’s previous credit agreement with Coöperatieve Rabobank U.A., New York Branch, as administrative agent, and the other lenders and financial institutions party thereto. The U.S. Credit Facility includes an accordion feature that allows the Company, at any time, to increase the aggregate revolving loan and term loan commitments by up to an additional $1.25 billion , subject to the satisfaction of certain conditions, including obtaining the lenders’ agreement to participate in the increase. The revolving loan commitment under the U.S. Credit Facility matures on July 20, 2023. All principal on the Term Loans is due at maturity on July 20, 2023. Installments of principal are required to be made, in an amount equal to 1.25% of the original principal amount of the Term Loans, on a quarterly basis prior to the maturity date of the Term Loans. Covenants in the U.S. Credit Facility also require the Company to use the proceeds it receives from certain asset sales and specified debt or equity issuances and upon the occurrence of other events to repay outstanding borrowings under the U.S. Credit Facility. As of December 30, 2018 , the Company had Term Loans outstanding totaling $500.0 million and the amount available for borrowing under the revolving loan commitment was $708.4 million . The Company had letters of credit of $41.6 million and no borrowings outstanding under the revolving loan commitment as of December 30, 2018 . The U.S. Credit Facility includes a $75.0 million sub-limit for swingline loans and a $125.0 million sub-limit for letters of credit. Outstanding borrowings under the revolving loan commitment and the Term Loans bear interest at a per annum rate equal to (i) in the case of LIBOR loans, LIBOR plus 1.25% through August 2, 2018 and, thereafter, based on the Company’s net senior secured leverage ratio, between LIBOR plus 1.25% and LIBOR plus 2.75% and (ii) in the case of alternate base rate loans, the base rate plus 0.25% through August 2, 2018 and, based on the Company’s net senior secured leverage ratio, between the base rate plus 0.25% and base rate plus 1.75% thereafter. The U.S. Credit Facility contains customary financial and other various covenants for transactions of this type, including restrictions on the Company's ability to incur additional indebtedness, incur liens, pay dividends, make certain restricted payments, consummate certain asset sales, enter into certain transactions with the Company’s affiliates, or merge, consolidate and/or sell or dispose of all or substantially all of its assets, among other things. The U.S. Credit Facility requires the Company to comply with a minimum level of tangible net worth covenant. The U.S. Credit Facility also provides that the Company may not incur capital expenditures in excess of $500.0 million in any fiscal year. All obligations under the U.S. Credit Facility continue to be unconditionally guaranteed by certain of the Company’s subsidiaries and continue to be secured by a first priority lien on (i) the accounts receivable and inventory of the Company and its non-Mexico subsidiaries, (ii) 100% of the equity interests in the Company's domestic subsidiaries, To-Ricos, Ltd. and To-Ricos Distribution, Ltd., and 65% of the equity interests in its direct foreign subsidiaries and (iii) substantially all of the assets of the Company and the guarantors under the U.S. Credit Facility. The Company is currently in compliance with the covenants under the U.S. Credit Facility. Mexico Credit Facility On December 14, 2018, certain of the Company's Mexican subsidiaries entered into an unsecured credit agreement (the “2018 Mexico Credit Facility”) with Banco del Bajio, Sociedad Anónima, Institución de Banca Múltiple, as lender. The loan commitment under the 2018 Mexico Credit Facility is $1.5 billion Mexican pesos and can be borrowed on a revolving basis. The U.S. dollar-equivalent of the loan commitment under the 2018 Mexico Credit Facility is $76.3 million . Outstanding borrowings under the 2018 Mexico Credit Facility accrue interest at a rate equal to the 28-Day Interbank Equilibrium Interest Rate plus 1.50% . The 2018 Mexico Credit Facility contains covenants and defaults that the Company believes are customary for transactions of this type. The 2018 Mexico Credit Facility will be used for general corporate and working capital purposes. The 2018 Mexico Credit Facility will mature on December 14, 2023. The 2018 Mexico Credit Facility replaced the unsecured credit agreement (the “2016 Mexico Credit Facility”) between certain of the Company’s Mexican subsidiaries and BBVA Bancomer, S.A. Institución de Banca Múltiple, Grupo Financiero BBVA Bancomer, as lender, dated September 27, 2016. The 2016 Mexico Credit Facility was terminated on December 19, 2018. Moy Park Bank of Ireland Revolving Facility Agreement On June 2, 2018, Moy Park Holdings (Europe) Ltd. and its subsidiaries entered into an unsecured multicurrency revolving facility agreement (the “Bank of Ireland Facility Agreement”) with the Governor and Company of the Bank of Ireland, as agent, and the other lenders party thereto. The Bank of Ireland Facility Agreement provides for a multicurrency revolving loan commitment of up to £100.0 million . The multicurrency revolving loan commitments under the Bank of Ireland Facility Agreement mature on June 2, 2023. Outstanding borrowings under the Bank of Ireland Facility Agreement bear interest at a rate per annum equal to the sum of (i) LIBOR or, in relation to any loan in euros, EURIBOR, plus (ii) a margin, ranging from 1.25% to 2.00% based on Leverage (as defined in the Bank of Ireland Facility Agreement). All obligations under the Bank of Ireland Facility Agreement are guaranteed by certain of Moy Park's subsidiaries. As of December 30, 2018 , the U.S. dollar-equivalent loan commitment and borrowing availability were both $127.0 million . There were no outstanding borrowings under the Bank of Ireland Facility Agreement as of December 30, 2018 . The Bank of Ireland Facility Agreement contains representations and warranties, covenants, indemnities and conditions that the Company believes are customary for transactions of this type. Pursuant to the terms of the Bank of Ireland Facility Agreement, Moy Park is required to meet certain financial and other restrictive covenants. Additionally, Moy Park is prohibited from taking certain actions without consent of the lenders, including, without limitation, incurring additional indebtedness, entering into certain mergers or other business combination transactions, permitting liens or other encumbrances on its assets and making restricted payments, including dividends, in each case except as expressly permitted under the Bank of Ireland Facility Agreement. The Bank of Ireland Facility Agreement contains events of default that the Company believes are customary for transactions of this type. If a default occurs, any outstanding obligations under the Bank of Ireland Facility Agreement may be accelerated. Moy Park France Invoice Discounting Facility In June 2009, Moy Park France Sàrl entered into a €20.0 million invoice discounting facility with GE De Facto (the “Invoice Discounting Facility”). The facility limit was decreased by 50 percent in June 2018. The Invoice Discounting Facility is payable on demand and the term is extended on an annual basis. The agreement can be terminated by either party with three months’ notice. Outstanding borrowings under the Invoice Discounting Facility bear interest at a per annum rate equal to EURIBOR plus 0.80% . As of December 30, 2018 , the U.S. dollar-equivalent loan commitment, borrowing availability, and outstanding borrowings under the Invoice Discounting Facility were $11.4 million , $9.2 million and $2.2 million , respectively. The Invoice Discounting Facility contains financial covenants and various other covenants that may adversely affect Moy Park's ability to, among other things, incur additional indebtedness, consummate certain asset sales, enter into certain transactions with JBS and the Company's other affiliates, merge, consolidate and/or sell or dispose of all or substantially all of Moy Park's assets. Moy Park Credit Agricole Bank Overdraft On December 3, 2018, Moy Park entered into an unsecured €0.5 million bank overdraft agreement (the “Overdraft Agreement”) with Credit Agricole. The Overdraft Agreement is payable on demand and can be cancelled anytime by the Company or Credit Agricole. Outstanding borrowings under the Overdraft Agreement bears interest at a per annum rate equal to EURIBOR plus 1.50% . As of December 30, 2018 , the U.S. dollar-equivalent outstanding borrowing under the Overdraft Agreement was less than $0.1 million . Moy Park Multicurrency Revolving Facility Agreement On March 19, 2015, Moy Park Holdings (Europe) Ltd. and its subsidiaries, entered into an agreement with Barclays Bank plc, which expired on March 19, 2018. The agreement provided for a multicurrency revolving loan commitment of up to £20.0 million . Moy Park Receivables Finance Agreement Moy Park Ltd., entered into a £45.0 million receivables finance agreement on January 29, 2016 (the “Receivables Finance Agreement”), with Barclays Bank plc. Moy Park Holdings (Europe) Ltd. repaid the Receivables Finance Agreement in full using available cash and proceeds from the Bank of Ireland Facility Agreement and terminated the Receivables Finance Agreement with Barclays Bank plc on June 4, 2018.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 30, 2018
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES Income before income taxes by jurisdiction is as follows: 2018 2017 2016 (In thousands) U.S. $ 175,805 $ 773,160 $ 532,853 Foreign 156,422 208,906 191,183 Total $ 332,227 $ 982,066 $ 724,036 The components of income tax expense (benefit) are set forth below: 2018 2017 2016 (In thousands) Current: Federal $ 8,835 $ 213,146 $ 165,989 Foreign 45,311 65,100 62,753 State and other (1,263 ) 35,614 20,211 Total current 52,883 313,860 248,953 Deferred: Federal 41,104 (19,434 ) (3,529 ) Foreign (17,160 ) (34,264 ) (2,490 ) State and other 8,596 3,737 985 Total deferred 32,540 (49,961 ) (5,034 ) $ 85,423 $ 263,899 $ 243,919 The effective tax rate for 2018 was 25.7% compared to 26.9% for 2017 and 33.7% for 2016 . The following table reconciles the statutory U.S. federal income tax rate to the Company’s effective income tax rate: 2018 2017 2016 Federal income tax rate 21.0 % 35.0 % 35.0 % State tax rate, net 3.6 2.6 2.2 One-time transition tax 7.9 — — Permanent items 1.4 — 0.8 Domestic production activity — (1.6 ) (1.2 ) Difference in U.S. statutory tax rate and foreign country effective tax rate 2.3 (1.4 ) (2.8 ) Rate change (2.5 ) (5.3 ) — Tax credits (7.9 ) (0.5 ) (0.6 ) Change in reserve for unrecognized tax benefits (1.7 ) (0.7 ) (0.2 ) Change in valuation allowance 2.7 (1.2 ) (0.1 ) Other (1.1 ) — 0.6 Total 25.7 % 26.9 % 33.7 % On December 22, 2017, the U.S. government enacted comprehensive tax legislation (the “Tax Act”), which significantly revises the ongoing U.S. corporate income tax law by lowering the U.S. federal corporate income tax rate from 35.0% to 21.0% , implementing a territorial tax system, imposing one-time tax on foreign unremitted earnings and setting limitations on deductibility of certain costs (e.g., interest expense), among other things. The Company applied the guidance in Staff Accounting Bulletin (“SAB”) 118 when accounting for the enactment date effects of the Tax Act. As of December 30, 2018, the Company has completed its accounting for all of the tax effects of the Tax Act. As further discussed below, during 2018, the Company recognized adjustments of $18.2 million to the provisional amounts recorded at December 31, 2017 and included these adjustments as a component of income tax expense. As of December 31, 2017, the Company estimated no tax liability on foreign unremitted earnings due to a net earnings and profits (“E&P”) deficit on accumulated post-1986 deferred foreign income. Therefore, the Company did not accrue any amount of tax expense for the Tax Act’s one-time transition tax on the foreign subsidiaries’ accumulated, unremitted earnings going back to 1986 for the year ended December 31, 2017. Upon further analysis of certain aspects of the Tax Act and a refinement of the historical calculation of E&P on accumulated post-1986 deferred foreign income during 2018, the Company finalized the E&P analysis of its foreign subsidiaries and recalculated significant overall positive E&P. Therefore, due to this recalculation, the Company recorded a $26.4 million tax liability for the one-time transition tax. This one-time transition tax adjustment increased the 2018 effective tax rate by approximately 7.9% . The Company has elected to pay this liability over the eight-year period provided in the Tax Act. As of December 30, 2018, the remaining balance of the Company’s transition tax obligation is $7.7 million, which will be paid over the next seven years. No additional income taxes have been provided for any remaining undistributed foreign earnings not subject to the one-time transition tax or any additional outside basis difference inherent in these foreign subsidiaries, as these amounts continue to be permanently reinvested in foreign operations. The undistributed earnings of our Mexico, Puerto Rico and U.K. subsidiaries totaled $683.0 million , $13.2 million and $2.2 million , respectively, at December 30, 2018. As of December 31, 2017, the Company accrued $41.5 million in provisional tax benefit related to the net change in deferred tax liabilities stemming from the Tax Act’s reduction of the U.S. federal tax rate from 35% to 21% for the year ended December 31, 2017. Due to return to provision adjustments which resulted from the filing of the Company’s 2017 federal income tax return, the Company recorded an additional $8.2 million tax benefit resulting from the Tax Act’s rate reduction. This benefit reduced the 2018 effective tax rate by approximately 2.5% . The Tax Act subjects a U.S. shareholder to tax on global intangible low-taxed income (“GILTI”) earned by certain foreign subsidiaries. The FASB Staff Q&A, Topic 740, No. 5, Accounting for GILTI , states that an entity can make an accounting policy election to either recognize deferred taxes for temporary basis differences expected to reverse as GILTI in future years or provide for the tax expense related to GILTI in the year the tax is incurred as a period expense only. The Company has elected to account for GILTI in the year the tax is incurred. As of December 30, 2018, the Company recorded a $5.4 million federal GILTI tax liability, which increased the 2018 effective tax rate by approximately 1.6% . The Tax Act provides for a foreign-derived intangible income (“FDII”) deduction, which is available to domestic C corporations that derive income from the export of property and services. As of December 30, 2018, the Company recorded a $0.1 million federal FDII benefit, which decreased the 2018 effective tax rate by an immaterial amount. Significant components of the Company’s deferred tax liabilities and assets are as follows: December 30, 2018 December 31, 2017 (In thousands) Deferred tax liabilities: PP&E and identified intangible assets $ 217,353 $ 213,500 Inventories 69,464 57,641 Insurance claims and losses 29,964 29,253 Business combinations 46,779 50,695 Other 23,434 18,519 Total deferred tax liabilities 386,994 369,608 Deferred tax assets: Net operating losses 2,923 3,276 Foreign net operating losses 38,531 26,934 Credit carry forwards 14,461 2,425 Allowance for doubtful accounts 6,788 1,767 Deferred revenue 1,860 — Accrued liabilities 52,181 50,389 Workers compensation — 26,119 Pension and other postretirement benefits — 13,379 Other 63,227 51,306 Total deferred tax assets 179,971 175,595 Valuation allowance (26,150 ) (14,479 ) Net deferred tax assets 153,821 161,116 Net deferred tax liabilities $ 233,173 $ 208,492 In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities (including the impact of available carry back and carry forward periods), projected future taxable income and tax-planning strategies in making this assessment. As of December 30, 2018 , 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. The increase in valuation allowance of $11.7 million during 2018 was primarily due to U.S. foreign tax credits. As of December 30, 2018 , the Company’s valuation allowance is $26.1 million , of which $13.9 million relates to U.K. operations, $11.8 million relates to U.S. foreign tax credits and $0.5 million relates to state net operating losses. As of December 30, 2018, the Company had state net operating loss carry forwards of approximately $87.5 million that begin to expire in 2019 . The Company also had Mexico net operating loss carry forwards at December 30, 2018 of approximately $17.2 million that begin to expire in 2019 . As of December 30, 2018 , the Company had approximately $2.6 million of state tax credit carry forwards that begin to expire in 2019 . For the fifty-two weeks ended December 30, 2018 and fifty-three weeks ended December 31, 2017 , there is a tax effect of $1.6 million and $4.0 million , respectively, reflected in other comprehensive income. For the fifty-two weeks ended December 30, 2018 , there is a tax effect of ($0.8) million reflected in income tax expense due to excess tax benefits related to share-based compensation. For the fifty-three weeks ended December 31, 2017, there is a tax effect of $1.1 million reflected in income tax expense due to excess tax benefits related to share-based compensation. See “Note 1. Business and Summary of Significant Accounting Policies” for additional information. A reconciliation of the beginning and ending amounts of unrecognized tax benefits is as follows: December 30, 2018 December 31, 2017 (In thousands) Unrecognized tax benefits, beginning of year $ 11,866 $ 16,813 Increase as a result of tax positions taken during the current year 261 1,163 Increase as a result of tax positions taken during prior years 1,152 60 Decrease as a result of tax positions taken during prior years — (892 ) Decrease for lapse in statute of limitations (867 ) (4,123 ) Decrease relating to settlements with taxing authorities — (1,155 ) Unrecognized tax benefits, end of year $ 12,412 $ 11,866 Included in unrecognized tax benefits of $12.4 million at December 30, 2018 , was $1.4 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. The Company recognizes interest and penalties related to unrecognized tax benefits in its provision for income taxes. As of December 30, 2018 , the Company had recorded a liability of $1.5 million for interest and penalties. During 2018 , accrued interest and penalty amounts related to uncertain tax positions decreased by $5.6 million . The Company operates in the U.S. (including multiple state jurisdictions), Puerto Rico and several foreign locations including Mexico and the U.K. With few exceptions, the Company is no longer subject to examinations by taxing authorities for years prior to 2014 in U.S. federal, state and local jurisdictions, for years prior to 2011 in Mexico, and for years prior to 2016 in the U.K. The Company has a tax sharing agreement with JBS USA Company Holdings effective for tax years beginning 2010. The net tax payable for tax year 2018 of $0.5 million was accrued in 2018 as a capital distribution and an account payable to a related party in our Consolidated Balance Sheet.

REVENUE RECOGNITION

REVENUE RECOGNITION	12 Months Ended
	Dec. 30, 2018
Revenue from Contract with Customer [Abstract]
REVENUE RECOGNITION	REVENUE RECOGNITION The vast majority of the Company's revenue is derived from contracts which are based upon a customer ordering our products. While there may be master agreements, the contract is only established when the customer’s order is accepted by the Company. The Company accounts for a contract, which may be verbal or written, when it is approved and committed by both parties, the rights of the parties are identified along with payment terms, the contract has commercial substance and collectability is probable. The Company evaluates the transaction for distinct performance obligations, which are the sale of its products to customers. Since its products are commodity market-priced, the sales price is representative of the observable, standalone selling price. Each performance obligation is recognized based upon a pattern of recognition that reflects the transfer of control to the customer at a point in time, which is upon destination (customer location or port of destination), and faithfully depicts the transfer of control and recognition of revenue. There are instances of customer pick-up at the Company's facilities, in which case control transfers to the customer at that point and the Company recognizes revenue. The Company's performance obligations are typically fulfilled within days to weeks of the acceptance of the order. The Company makes judgments regarding the nature, amount, timing and uncertainty of revenue and cash flows arising from revenue and cash flows with customers. Determination of a contract requires evaluation and judgment along with the estimation of the total contract value and if any of the contract value is constrained. Due to the nature of our business, there is minimal variable consideration, as the contract is established at the acceptance of the order from the customer. When applicable, variable consideration is estimated at contract inception and updated on a regular basis until the contract is completed. Allocating the transaction price to a specific performance obligation based upon the relative standalone selling prices includes estimating the standalone selling prices including discounts and variable consideration. Disaggregated Revenue Revenue has been disaggregated into the categories below to show how economic factors affect the nature, amount, timing and uncertainty of revenue and cash flows. Fifty-Two Weeks Ended December 30, 2018 Domestic Export Net Sales (In thousands) U.S. $ 7,166,929 $ 258,732 $ 7,425,661 U.K. and Europe 1,844,745 303,921 2,148,666 Mexico 1,363,457 — 1,363,457 Net Sales $ 10,375,131 $ 562,653 $ 10,937,784 Shipping and Handling Costs In the rare case when shipping and handling activities are performed after a customer obtains control of the good, the Company has elected to account for shipping and handling as activities to fulfill the promise to transfer the good. When revenue is recognized for the related good before the shipping and handling activities occur, the related costs of those shipping and handling activities are accrued. Shipping and handling costs are recorded within Cost of sales . Contract Costs The Company can incur incremental costs to obtain or fulfill a contract such as broker expenses that are not expected to be recovered. The amortization period for such expenses is less than one year; therefore, the costs are expensed as incurred. Taxes There is no change in accounting for taxes due to the adoption of the new revenue standard, as there is no material change to the timing of revenue recognition. We exclude all taxes assessed by a governmental authority that are both imposed on and concurrent with a specific revenue-producing transaction and collected by the entity from a customer (for example, sales, use, value added, and some excise taxes) from the transaction price. Contract Balances The Company receives payment from customers based on terms established with the customer. Payments are typically due within two weeks of delivery. There are rarely contract assets related to costs incurred to perform in advance of scheduled billings. Revenue contract liabilities relate to payments received in advance of satisfying the performance under the customer contract. The revenue contract liability relates to customer prepayments and the advanced consideration received from governmental agency contracts for which performance obligations to the end customer have not been satisfied. Changes in the revenue contract liability balances during the fifty-two weeks ended December 30, 2018 are as follows (in thousands): Balance, beginning of period $ 36,607 Revenue recognized (59,332 ) Cash received, excluding amounts recognized as revenue during the period 56,053 Balance, end of period $ 33,328 Accounts Receivable The Company records accounts receivable when revenue is recognized. The Company records an allowance for doubtful accounts to reduce the receivables balance to an amount it estimates is collectible from customers. Estimates used in determining the allowance for doubtful accounts are based on historical collection experience, current trends, aging of accounts receivable and periodic credit evaluations of customers’ financial condition. The Company writes off accounts receivable when it becomes apparent, based upon age or customer circumstances, that such amounts will not be collected. Generally, the Company does not require collateral for its accounts receivable.

PENSION AND OTHER POSTRETIREMEN

PENSION AND OTHER POSTRETIREMENT BENEFITS	12 Months Ended
	Dec. 30, 2018
Defined Benefit Plan [Abstract]
PENSION AND OTHER POSTRETIREMENT BENEFITS	PENSION AND OTHER POSTRETIREMENT BENEFITS The Company sponsors programs that provide retirement benefits to most of its employees. These programs include qualified defined benefit pension plans, nonqualified defined benefit retirement plans, a defined benefit postretirement life insurance plan, and defined contribution retirement savings plans. Expenses recognized under all these retirement plans were as follows: Under all of our retirement plans, the Company’s expenses were $12.1 million , $10.8 million and $11.2 million in 2018 , 2017 and 2016 , respectively. The Company used a year-end measurement date of December 30, 2018 for its pension and postretirement benefits plans. Certain disclosures are listed below. Other disclosures are not material to the financial statements. Qualified Defined Benefit Pension Plans The Company sponsors two qualified defined benefit pension plans named the Pilgrim’s Pride Retirement Plan for Union Employees (the “Union Plan”) and the Pilgrim’s Pride Pension Plan for Legacy Gold Kist Employees (the “GK Pension Plan”). The Union Plan covers certain locations or work groups within PPC. The GK Pension Plan covers certain eligible U.S. employees who were employed at locations that the Company purchased through its acquisition of Gold Kist in 2007. Participation in the GK Pension Plan was frozen as of February 8, 2007 for all participants with the exception of terminated vested participants who are or may become permanently and totally disabled. The plan was frozen for that group as of March 31, 2007. Nonqualified Defined Benefit Pension Plans The Company sponsors two nonqualified defined benefit retirement plans named the Former Gold Kist Inc. Supplemental Executive Retirement Plan (the “SERP Plan”) and the Former Gold Kist Inc. Directors’ Emeriti Retirement Plan (the “Directors’ Emeriti Plan”). Pilgrim’s Pride assumed sponsorship of the SERP Plan and Directors’ Emeriti Plan through its acquisition of Gold Kist in 2007. The SERP Plan provides benefits on compensation in excess of certain IRC limitations to certain former executives with whom Gold Kist negotiated individual agreements. Benefits under the SERP Plan were frozen as of February 8, 2007. The Directors’ Emeriti Plan provides benefits to former Gold Kist directors. Defined Benefit Postretirement Life Insurance Plan The Company sponsors one defined benefit postretirement life insurance plan named the Gold Kist Inc. Retiree Life Insurance Plan (the “Retiree Life Plan”). Pilgrim’s Pride assumed defined benefit postretirement medical and life insurance obligations, including the Retiree Life Plan, through its acquisition of Gold Kist in 2007. In January 2001, Gold Kist began to substantially curtail its programs for active employees. On July 1, 2003, Gold Kist terminated medical coverage for retirees age 65 or older, and only retired employees in the closed group between ages 55 and 65 could continue their coverage at rates above the average cost of the medical insurance plan for active employees. These retired employees all reached the age of 65 in 2012 and liabilities of the postretirement medical plan then ended. Defined Benefit Plans Obligations and Assets The change in benefit obligation, change in fair value of plan assets, funded status and amounts recognized in the Consolidated Balance Sheets for these plans were as follows: Pension Benefits Other Benefits 2018 2017 2018 2017 Change in projected benefit obligation: (In thousands) Projected benefit obligation, beginning of year $ 178,247 $ 167,159 $ 1,603 $ 1,648 Interest cost 5,463 5,571 46 51 Actuarial losses (gains) (15,635 ) 15,745 (72 ) 68 Benefits paid (10,456 ) (10,228 ) — — Settlements (a) — — (115 ) (164 ) Projected benefit obligation, end of year $ 157,619 $ 178,247 $ 1,462 $ 1,603 (a) A settlement is a transaction that is an irrevocable action, relieves the employer or the plan of primary responsibility for a pension or postretirement obligation and eliminates significant risks related to the obligation and the assets used to affect the settlement. A settlement can be triggered when a plan pays lump sums totaling more than the sum of the plan’s interest cost and service cost. The Retiree Life Plan met this threshold in 2018 and 2017 . Pension Benefits Other Benefits 2018 2017 2018 2017 Change in plan assets: (In thousands) Fair value of plan assets, beginning of year $ 112,570 $ 97,526 $ — $ — Actual return on plan assets (10,881 ) 12,325 — — Contributions by employer 11,181 12,947 115 164 Benefits paid (10,456 ) (10,228 ) — — Settlements — — (115 ) (164 ) Fair value of plan assets, end of year $ 102,414 $ 112,570 $ — $ — Pension Benefits Other Benefits 2018 2017 2018 2017 Funded status: (In thousands) Unfunded benefit obligation, end of year $ (55,205 ) $ (65,677 ) $ (1,462 ) $ (1,603 ) Pension Benefits Other Benefits 2018 2017 2018 2017 Amounts recognized in the Consolidated Balance Sheets at end of year: (In thousands) Current liability $ (8,267 ) $ (12,168 ) $ (149 ) $ (149 ) Long-term liability (46,938 ) (53,509 ) (1,313 ) (1,454 ) Recognized liability $ (55,205 ) $ (65,677 ) $ (1,462 ) $ (1,603 ) Pension Benefits Other Benefits 2018 2017 2018 2017 Amounts recognized in accumulated other comprehensive loss at end of year: (In thousands) Net actuarial loss (gain) $ 54,343 $ 54,235 $ (34 ) $ 35 The accumulated benefit obligation for our defined benefit pension plans was $157.6 million and $178.2 million at December 30, 2018 and December 31, 2017 , respectively. Each of our defined benefit pension plans had accumulated benefit obligations that exceeded the fair value of plan assets at December 30, 2018 and December 31, 2017 . As of December 30, 2018 , the weighted average duration of our defined benefit obligation is 29.95 years. Net Benefit Costs Net benefit costs include the following components: Pension Benefits Other Benefits 2018 2017 2016 2018 2017 2016 (In thousands) Interest cost $ 5,463 $ 5,571 $ 5,585 $ 46 $ 51 $ 51 Estimated return on plan assets (6,065 ) (5,254 ) (5,256 ) — — — Settlement loss (gain) — — 2,064 (3 ) 2 (2 ) Amortization of net loss 1,203 932 659 — — — Net cost $ 601 $ 1,249 $ 3,052 $ 43 $ 53 $ 49 For 2018, the Company reported net benefit costs in the line item Miscellaneous, net on its Consolidated and Combined Statements of Income. For 2017 and 2016, the Company reported net benefit costs in the line items Cost of sales and Selling, general and administrative expense on its Consolidated and Combined Statements of Income. Economic Assumptions The weighted average assumptions used in determining pension and other postretirement plan information were as follows: Pension Benefits Other Benefits 2018 2017 2016 2018 2017 2016 Benefit obligation: Discount rate 4.40 % 3.69 % 4.31 % 4.07 % 3.39 % 3.81 % Net pension and other postretirement cost: Discount rate 3.69 % 4.32 % 4.47 % 3.39 % 3.81 % 4.47 % Expected return on plan assets 5.50 % 5.50 % 5.50 % NA NA NA The discount rate represents the interest rate used to determine the present value of future cash flows currently expected to be required to settle the Company’s pension and other benefit obligations. The weighted average discount rate for each plan was established by comparing the projection of expected benefit payments to the AA Above Median yield curve. The expected benefit payments were discounted by each corresponding discount rate on the yield curve. For payments beyond 30 years, the Company extended the curve assuming the discount rate derived in year 30 is extended to the end of the plan’s payment expectations. Once the present value of the string of benefit payments was established, the Company determined the single rate on the yield curve, that when applied to all obligations of the plan, would exactly match the previously determined present value. As part of the evaluation of pension and other postretirement assumptions, the Company applied assumptions for mortality that incorporate generational white and blue collar mortality trends. In determining its benefit obligations, the Company used generational tables that take into consideration increases in plan participant longevity. As of December 30, 2018 and December 31, 2017, all defined benefit pension and other postretirement benefit plans used variations of the RP-2014 mortality table and the MP-2015 mortality improvement scale. The sensitivity of the projected benefit obligation for pension benefits to changes in the discount rate is set out below. The impact of a change in the discount rate of 0.25% on the projected benefit obligation for other benefits is less than $1,000 . This sensitivity analysis is based on changing one assumption while holding all other assumptions constant. In practice, this is unlikely to occur, and changes in some of the assumptions may be correlated. When calculating the sensitivity of the defined benefit obligation to variations in significant actuarial assumptions, the same method (present value of the defined benefit obligation calculated with the projected unit credit method at the end of the reporting period) has been applied as that for calculating the liability recognized in the Consolidated Balance Sheet. Increase in Discount Rate of 0.25% Decrease in Discount Rate of 0.25% (In thousands) Impact on projected benefit obligation for pension benefits $ (3,924 ) $ 4,122 The expected rate of return on plan assets was primarily based on the determination of an expected return and behaviors for each plan’s current asset portfolio that the Company believes are likely to prevail over long periods. This determination was made using assumptions for return and volatility of the portfolio. Asset class assumptions were set using a combination of empirical and forward-looking analysis. To the extent historical results were affected by unsustainable trends or events, the effects of those trends or events were quantified and removed. The Company also considered anticipated asset allocations, investment strategies and the views of various investment professionals when developing this rate. Plan Assets The following table reflects the pension plans’ actual asset allocations: 2018 2017 Cash and cash equivalents — % 5 % Pooled separate accounts (a) : Equity securities 4 % 5 % Fixed income securities 5 % 4 % Common collective trust funds (a) : Equity securities 45 % 56 % Fixed income securities 41 % 30 % Real estate 5 % — % Total assets 100 % 100 % (a) Pooled separate accounts (“PSAs”) and common collective trust funds (“CCTs”) are two of the most common types of alternative vehicles in which benefit plans invest. These investments are pooled funds that look like mutual funds, but they are not registered with the Securities and Exchange Commission. Often times, they will be invested in mutual funds or other marketable securities, but the unit price generally will be different from the value of the underlying securities because the fund may also hold cash for liquidity purposes, and the fees imposed by the fund are deducted from the fund value rather than charged separately to investors. Some PSAs and CCTs have no restrictions as to their investment strategy and can invest in riskier investments, such as derivatives, hedge funds, private equity funds, or similar investments. Absent regulatory or statutory limitations, the target asset allocation for the investment of pension assets in the pooled separate accounts is 50% in each of fixed income securities and equity securities and the target asset allocation for the investment of pension assets in the common collective trust funds is 30% in fixed income securities and 70% in equity securities. The plans only invest in fixed income and equity instruments for which there is a ready public market. We develop our 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 our plans invest. The fair value measurements of plan assets fell into the following levels of the fair value hierarchy as of December 30, 2018 and December 31, 2017 : 2018 2017 Level 1 (a) Level 2 (b) Level 3 (c) Total Level 1 (a) Level 2 (b) Level 3 (c) Total (In thousands) Cash and cash equivalents $ 110 $ — $ — $ 110 $ 6,128 $ — $ — $ 6,128 Pooled separate accounts: Large U.S. equity funds (d) — 2,491 — 2,491 — 3,483 — 3,483 Small/Mid U.S. equity funds (e) — 292 — 292 — 420 — 420 International equity funds (f) — 1,489 — 1,489 — 1,665 — 1,665 Fixed income funds (g) — 4,763 — 4,763 — 4,799 — 4,799 Common collective trusts funds: Large U.S. equity funds (d) — 17,351 — 17,351 — 22,695 — 22,695 Small/Mid U.S. equity funds (e) — 5,880 — 5,880 — 20,592 — 20,592 International equity funds (f) — 22,516 — 22,516 — 19,923 — 19,923 Fixed income funds (g) — 42,217 — 42,217 — 32,865 — 32,865 Real estate (h) — 5,305 — 5,305 — — — — Total assets $ 110 $ 102,304 $ — $ 102,414 $ 6,128 $ 106,442 $ — $ 112,570 (a) Unadjusted quoted prices in active markets for identical assets are used to determine fair value. (b) Quoted prices in active markets for similar assets and inputs that are observable for the asset are used to determine fair value. (c) Unobservable inputs, such as discounted cash flow models or valuations, are used to determine fair value. (d) This category is comprised of investment options that invest in stocks, or shares of ownership, in large, well-established U.S. companies. These investment options typically carry more risk than fixed income options but have the potential for higher returns over longer time periods. (e) This category is generally comprised of investment options that invest in stocks, or shares of ownership, in small to medium-sized U.S. companies. These investment options typically carry more risk than larger U.S. equity investment options but have the potential for higher returns. (f) This category is comprised of investment options that invest in stocks, or shares of ownership, in companies with their principal place of business or office outside of the U.S. (g) This category is comprised of investment options that invest in bonds, or debt of a company or government entity (including U.S. and non-U.S. entities). It may also include real estate investment options that directly own property. These investment options typically carry more risk than short-term fixed income investment options (including, for real estate investment options, liquidity risk), but less overall risk than equities. (h) This category is comprised of investment options that invest in real estate investment trusts or private equity pools that own real estate. These long-term investments are primarily in office buildings, industrial parks, apartments or retail complexes. These investment options typically carry more risk, including liquidity risk, than fixed income investment options. The valuation of plan assets in Level 2 is determined using a market approach based upon quoted prices for similar assets and liabilities in active markets, or other inputs that are observable for substantially the full term of the financial instrument. Level 2 securities primarily include equity and fixed income securities funds. Benefit Payments The following table reflects the benefits as of December 30, 2018 expected to be paid in each of the next five years and in the aggregate for the five years thereafter from our pension and other postretirement plans. Because our pension plans are primarily funded plans, the anticipated benefits with respect to these plans will come primarily from the trusts established for these plans. Because our other postretirement plans are unfunded, the anticipated benefits with respect to these plans will come from our own assets. Pension Benefits Other Benefits (In thousands) 2019 $ 17,972 $ 149 2020 11,526 147 2021 11,200 145 2022 10,891 141 2023 10,627 137 2024-2028 48,429 589 Total $ 110,645 $ 1,308 We anticipate contributing $8.3 million and $0.1 million , as required by funding regulations or laws, to our pension and other postretirement plans, respectively, during 2019 . Unrecognized Benefit Amounts in Accumulated Other Comprehensive Loss (Income) The amounts in accumulated other comprehensive income (loss) that were not recognized as components of net periodic benefits cost and the changes in those amounts are as follows: Pension Benefits Other Benefits 2018 2017 2016 2018 2017 2016 (In thousands) Net actuarial loss (gain), beginning of year $ 54,235 $ 46,494 $ 38,115 $ 35 $ (31 ) $ (79 ) Amortization (1,203 ) (932 ) (659 ) — — — Settlement adjustments — — (2,064 ) 3 (2 ) 2 Actuarial loss (gain) (15,635 ) 15,745 10,305 (72 ) 68 46 Asset loss (gain) 16,946 (7,072 ) 797 — — — Net actuarial loss (gain), end of year $ 54,343 $ 54,235 $ 46,494 $ (34 ) $ 35 $ (31 ) The Company expects to recognize in net pension cost throughout 2019 an actuarial loss of $1.3 million that was recorded in accumulated other comprehensive income at December 30, 2018 . Risk Management Through its defined benefit plans, the Company is exposed to a number of risks, the most significant of which are detailed below: Asset volatility. The plan liabilities are calculated using a discount rate set with reference to corporate bond yields; if plan assets under perform this yield, this will create a deficit. The pension plans hold a significant proportion of equities, which are expected to outperform corporate bonds in the long-term while contributing volatility and risk in the short-term. The Company monitors the level of investment risk but has no current plan to significantly modify the mixture of investments. The investment position is discussed more below. Changes in bond yields. A decrease in corporate bond yields will increase plan liabilities, although this will be partially offset by an increase in the value of the plans’ bond holdings. The investment position is managed and monitored by a committee of individuals from various departments. This group actively monitors how the duration and the expected yield of the investments are matching the expected cash outflows arising from the pension obligations. The group has not changed the processes used to manage its risks from previous periods. The group does not use derivatives to manage its risk. Investments are well diversified, such that the failure of any single investment would not have a material impact on the overall level of assets. The majority of equities are in U.S. large and small cap companies with some global diversification into international entities. The plans are not exposed to significant foreign currency risk. Remeasurement The Company remeasures both plan assets and obligations on a quarterly basis. Defined Contribution Plans The Company sponsors two defined contribution retirement savings plans in the U.S. segment named the Pilgrim’s Pride Retirement Savings Plan (the “RS Plan”) and the To-Ricos Employee Savings, Retirement Plan (the “To-Ricos Plan”). The RS Plan is an IRC Section 401(k) salary deferral plan maintained for certain eligible U.S. employees. Under the RS Plan, eligible U.S. employees may voluntarily contribute a percentage of their compensation. The Company matches up to 30.0% of the first 2.00% to 6.00% of salary based on the salary deferral and compensation levels up to $245,000 . The To-Ricos Plan is an IRC Section 1165(e) salary deferral plan maintained for certain eligible Puerto Rico employees. Under the To-Ricos Plan, eligible employees may voluntarily contribute a percentage of their compensation and there are various company matching provisions. The Company maintains three postretirement plans for eligible Mexico employees, as required by Mexico law, which primarily cover termination benefits. The Company maintains two defined contribution retirement savings plans in the U.K. and Europe for eligible U.K. and Europe employees, as required by U.K. and Europe law. Salaried employees can contribute up to 3.0% of salary and the Company matches between 4.0% and 5.5% . Weekly employees can contribute up to 1.0% of wages with a 1.0% Company match. The Company’s expenses related to its defined contribution plans totaled $11.4 million , $9.5 million and $8.1 million in 2018 , 2017 and 2016 , respectively.

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	12 Months Ended
	Dec. 30, 2018
Equity [Abstract]
STOCKHOLDERS' EQUITY	STOCKHOLDERS’ EQUITY Accumulated Other Comprehensive Loss The following tables provide information regarding the changes in accumulated other comprehensive loss during 2018 and 2017 : 2018 (a) Losses Related to Foreign Currency Translation Unrealized Gains (Losses) on Derivative Financial Instruments Classified as Cash Flow Hedges Losses Related to Pension and Other Postretirement Benefits Unrealized Holding Gains on Available-for-Sale Securities Total (In thousands) Balance, beginning of year $ 42,081 $ (1,848 ) $ (71,434 ) $ 61 $ (31,140 ) Other comprehensive income (loss) (97,851 ) 829 (939 ) 867 (97,094 ) Amounts reclassified from accumulated other comprehensive loss to net income — 348 910 (846 ) 412 Impact of currency translation — (12 ) — — (12 ) Net current year other comprehensive income (loss) (97,851 ) 1,165 (29 ) 21 (96,694 ) Balance, end of year $ (55,770 ) $ (683 ) $ (71,463 ) $ 82 $ (127,834 ) 2017 (a) Losses Related to Foreign Currency Translation Unrealized Gains (Losses) on Derivative Financial Instruments Classified as Cash Flow Hedges Losses Related to Pension and Other Postretirement Benefits Unrealized Holding Gains on Available-for-Sale Securities Total (In thousands) Balance, beginning of year $ (265,714 ) $ 99 $ (64,243 ) $ — $ (329,858 ) Granite-Holdings Sarl common-control 204,577 (1,368 ) — — 203,209 Other comprehensive income (loss) 103,218 60 (7,770 ) 82 95,590 Amounts reclassified from accumulated — (639 ) 579 (21 ) (81 ) Net current year other comprehensive 103,218 (579 ) (7,191 ) 61 95,509 Balance, end of year $ 42,081 $ (1,848 ) $ (71,434 ) $ 61 $ (31,140 ) (a) All amounts are net of tax. Amounts in parentheses indicate debits. Details about Accumulated Other Comprehensive Loss Components Amount Reclassified from Accumulated Other Comprehensive Loss(a) Affected Line Item in the Consolidated and Combined Statements of Income 2018 2017 (In thousands) Realized gain (loss) on settlement of derivative financial instruments classified as cash flow hedges $ (348 ) $ 639 Cost of sales Realized gain on sale of securities 1,118 34 Interest income Amortization of pension and other Union employees pension plan (b)(d) (49 ) (24 ) 2018-Miscellaneous, net; 2017-Cost of sales Legacy Gold Kist plans (c)(d) (360 ) (283 ) 2018-Miscellaneous, net; 2017-Cost of sales Legacy Gold Kist plans (c)(d) (794 ) (625 ) 2018-Miscellaneous, net; 2017-SG&A expense Total before tax (433 ) (259 ) Tax expense 21 340 Total reclassification for the period $ (412 ) $ 81 (a) Amounts in parentheses represent debits to results of operations. (b) The Company sponsors the Union Plan, a qualified defined benefit pension plan covering certain locations or work groups with collective bargaining agreements. (c) The Company sponsors the GK Pension Plan, a qualified defined benefit pension plan covering certain eligible U.S. employees who were employed at locations that the Company purchased through its acquisition of Gold Kist in 2007, the SERP Plan, a nonqualified defined benefit retirement plan covering certain former Gold Kist executives, the Directors’ Emeriti Plan, a nonqualified defined benefit retirement plan covering certain former Gold Kist directors and the Retiree Life Plan, a defined benefit postretirement life insurance plan covering certain retired Gold Kist employees (collectively, the “Legacy Gold Kist Plans”). (d) These accumulated other comprehensive loss components are included in the computation of net periodic pension cost. See “Note 14. Pension and Other Postretirement Benefits” to the Consolidated and Combined Financial Statements. Share Repurchase Program and Treasury Stock On July 28, 2015, the Company's Board of Directors approved a $150.0 million share repurchase authorization. The share repurchase program was originally scheduled to expire on July 27, 2016. On February 10, 2016, the Company’s Board of Directors approved an increase of the share repurchase authorization to $300.0 million that expired on February 9, 2017. On October 31, 2018, the Company’s Board of Directors approved a $200.0 million share repurchase authorization. The Company plans to repurchase shares through various means, which may include but are not limited to open market purchases, privately negotiated transactions, the use of derivative instruments and/or accelerated share repurchase programs. The extent to which the Company repurchases its shares and the timing of such repurchases will vary and depend upon market conditions and other corporate considerations, as determined by the Company’s management team. The Company reserves the right to limit or terminate the repurchase program at any time without notice. As of December 30, 2018 , the Company had repurchased approximately 15,600 shares under this program with a market value of approximately $0.2 million . The Company accounted for the shares repurchased using the cost method. The Company currently plans to maintain these shares as treasury stock. Special Cash Dividends On May 18, 2016 , the Company paid a special cash dividend from retained earnings of approximately $700.0 million , or $2.75 per share, to stockholders of record on May 10, 2016 . The Company used proceeds from the U.S. Credit Facility, along with cash on hand, to fund the special cash dividend. Capital Contributions to a Subsidiary In December 2018, the stockholders of Gallina Pesada, S.A.P.I. de C.V. (“GAPESA”), a subsidiary that is controlled, but not wholly owned, by the Company, contributed additional capital to fund a capacity expansion project in southern Mexico. The Company Contributed $0.6 million of additional capital. This capital contribution was eliminated upon consolidation. The noncontrolling stockholders contributed $1.4 million of additional capital. In July 2016, the stockholders of GAPESA contributed additional capital to fund a capacity expansion project in southern Mexico. The Company contributed $2.7 million of additional capital. This contribution was eliminated upon consolidation. The noncontrolling stockholders contributed $7.3 million of additional capital. The respective contributions did not impact either the Company or noncontrolling stockholders’ ownership percentages in GAPESA. Restrictions on Dividends Both the U.S. Credit Facility and the indentures governing the Company’s senior notes restrict, but do not prohibit, the Company from declaring dividends. The Moy Park Multicurrency Revolving Facility Agreement restrict Moy Park’s ability and the ability of certain of Moy Park’s subsidiaries to, among other things, make payments and distributions to the Company.

INCENTIVE COMPENSATION

INCENTIVE COMPENSATION	12 Months Ended
	Dec. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
INCENTIVE COMPENSATION	INCENTIVE COMPENSATION The Company sponsors a short-term incentive plan that provides the grant of either cash or share-based bonus awards payable upon achievement of specified performance goals (the “STIP”). Full-time, salaried exempt employees of the Company and its affiliates who are selected by the administering committee are eligible to participate in the STIP. Certain full-time, salaried employees of the Company’s Mexico operations are eligible to participate in the Pilgrim’s Mexico Incentive Plan (“PMIP”). At December 30, 2018 , the Company has accrued $11.1 million in costs related to cash bonus awards that could potentially be awarded under the STIP and the PMIP during 2019 . The Company assumed responsibility for the JFC LLC Long-Term Equity Incentive Plan dated January 1, 2014, as amended (the “JFC LTIP”) through its acquisition of GNP on January 6, 2017. The Company has accrued $2.2 million in costs related to the JFC LTIP at December 30, 2018 . The Company assumed responsibility for the Moy Park Incentive Plan dated January 1, 2013, as amended (the “MPIP”) through its acquisition of Moy Park on September 8, 2017. The Company has accrued $6.2 million in costs related to the MPIP at December 30, 2018 . The Company also sponsors a performance-based, omnibus long-term incentive plan that provides for the grant of a broad range of long-term equity-based and cash-based awards to the Company’s officers and other employees, members of the Board and any consultants (the “LTIP”). The equity-based awards that may be granted under the LTIP include “incentive stock options,” within the meaning of the IRC, nonqualified stock options, stock appreciation rights, restricted stock awards (“RSAs”) and restricted stock units (“RSUs”). At December 30, 2018 , we have reserved approximately 4.1 million shares of common stock for future issuance under the LTIP. The following awards were outstanding during 2018 : Award Type Benefit Plan Awards Granted Grant Date Grant Date Fair Value per Award (a) Vesting Condition Vesting Date Awards Forfeited to Date Settlement Method RSU LTIP 389,424 01/19/2017 18.38 Performance / Service (b) 389,424 (b) Stock RSU LTIP 410,000 02/14/2018 25.59 Service 01/01/2019 — Stock RSU LTIP 163,764 03/01/2018 24.93 Service (c) 12,107 Stock RSU LTIP 266,478 03/01/2018 24.93 Performance / Service (d) 32,452 Stock RSU LTIP 11,144 05/10/2018 21.54 (e) (e) — Stock RSU LTIP 262,500 12/18/2018 16.06 Service 07/01/2019 — Stock (a) The fair value of each RSU granted or vested represents the closing price of the Company’s common stock on the respective grant date or vesting date. (b) Performance conditions associated with these awards were not satisfied. Therefore, 100% of the awards were forfeited during 2018 . (c) These restricted stock units vest in ratable tranches on December 31, 2018, December 31, 2019 and December 31, 2020. Expected compensation cost related to these units totals $4.1 million based on a closing stock price for the Company’s common stock of $24.93 per share on March 1, 2018. Compensation cost will be amortized to profit/loss over the remaining vesting period. (d) If performance conditions related to the Company's 2018 operating results are satisfied, these restricted stock units vest in ratable tranches on December 31, 2019, December 31, 2020 and December 31, 2021. Expected compensation cost related to these units before considering the impact of individual participant forfeitures totals $6.6 million based on a closing stock price for the Company's common stock of $24.93 per share on March 1, 2018. Compensation cost will be amortized to profit/loss upon satisfaction of the performance conditions over the remaining vesting period. (e) These restricted stock units were granted to the four non-employees who currently serve on the Company's Board of Directors. Each participating director's units will vest upon his departure from the Company's Board of Directors. Compensation cost was recognized in profit/loss upon the grant date. Compensation costs and the income tax benefit recognized for our share-based compensation arrangements are included below: 2018 2017 2016 (In thousands) Share-based compensation cost: Cost of sales $ 389 $ 256 $ 770 Selling, general and administrative expenses 12,764 2,763 5,332 Total $ 13,153 $ 3,019 $ 6,102 Income tax benefit $ 3,202 $ 1,006 $ 1,858 The Company’s RSU activity is included below: 2018 2017 2016 Number Weighted Average Grant Date Fair Value Number Weighted Average Grant Date Fair Value Number Weighted Average Grant Date Fair Value (In thousands, except weighted average fair values) Outstanding at beginning of year 389 $ 18.39 906 $ 20.00 774 $ 18.78 Granted 1,114 23.05 461 18.72 325 24.35 Vested — — (714 ) 18.09 — — Forfeited (434 ) 19.06 (264 ) 25.33 (193 ) 24.51 Outstanding at end of year 1,069 $ 22.97 389 $ 18.39 906 $ 20.00 The total fair value of awards vested in 2017 was $ 16.3 million . No awards vested in 2018 or 2016. At December 30, 2018 , the total unrecognized compensation cost related to all nonvested awards was $11.4 million . That cost is expected to be recognized over a weighted average period of 1.42 years. Historically, we have issued new shares to satisfy award conversions.

RESTRUCTURING-RELATED ACTIVITIE

RESTRUCTURING-RELATED ACTIVITIES	12 Months Ended
	Dec. 30, 2018
Restructuring and Related Activities [Abstract]
RESTRUCTURING-RELATED ACTIVITIES	RESTRUCTURING-RELATED ACTIVITIES In 2018, the Company elected to close its 40 North Foods product incubator operation located in Boulder, Colorado. Implementation of this restructuring initiative is expected to result in total pre-tax charges of approximately $0.7 million , and approximately $0.6 million of these charges are estimated to result in cash outlays. These activities were initiated in the second quarter of 2018 and are expected to be substantially completed by the third quarter of 2019. In 2017, the Company initiated a restructuring initiative to capitalize on cost-saving opportunities within its GNP operations located in Luverne, Minnesota and St. Cloud, Minnesota. Implementation of the initiative is expected to result in total pre-tax charges of approximately $7.0 million , and approximately $5.4 million of these charges are estimated to result in cash outlays. These activities initiated in the first quarter of 2017 and are expected to be substantially completed by the second quarter of 2020. The following table provides a summary of our estimates of costs associated with these restructuring initiatives by major type of cost: Type of Cost GNP 40 North Foods Total Estimated Amount Expected to be Incurred (In thousands) Employee termination benefits $ 4,074 $ 449 $ 4,523 Inventory impairments 472 — 472 Asset impairments 470 103 573 Other charges (a) 1,983 150 2,133 $ 6,999 $ 702 $ 7,701 (a) Comprised of other costs directly related to the restructuring initiatives, including prepaid software impairment, St. Cloud, Minnesota office lease costs, Luverne, Minnesota plant closure costs, and Boulder, Colorado office lease costs. During 2018, the Company recognized the following costs and incurred the following cash outlays related to these restructuring initiatives: Expenses Cash Outlays (In thousands) GNP Initiative: Employee termination benefits $ 936 $ 1,500 Inventory impairments (227 ) — Asset impairments 781 — Other charges (17 ) 65 1,473 1,565 40 North Foods Initiative: Employee termination benefits $ 449 $ 449 Asset impairments 103 — Other 115 29 $ 2,140 $ 2,043 During 2017, the Company recognized the following costs and incurred the following cash outlays related to the GNP restructuring initiative: Expenses Cash Outlays (In thousands) Employee termination benefits $ 3,381 $ 2,581 Inventory impairments 699 — Other charges 752 — $ 4,832 $ 2,581 These expenses are reported in the line item Administrative restructuring charges on the Consolidated and Combined Statements of Income and are recognized in the U.S. segment. The following table reconciles liabilities and reserves associated with each restructuring initiative from initiative inception to December 30, 2018 . Ending liability balances for employee termination benefits and other charges are reported in the line item Accrued expenses and other current liabilities in our Consolidated Balance Sheets. The ending reserve balance for inventory impairments is reported in the line item Inventories in our Consolidated Balance Sheets. GNP Initiative 40 North Foods Initiative Employee Termination Benefits Inventory Other Total Employee Termination Benefits Other Charges Total (In thousands) Restructuring charges incurred $ 3,381 $ 699 $ 752 $ 4,832 $ — $ — $ — Payments and disposals (2,581 ) — — (2,581 ) — — — Liability or reserve at December 31, 2017 800 699 752 2,251 — — — Restructuring charges incurred 936 (227 ) (17 ) 692 449 115 564 Payments and disposals (1,500 ) (472 ) (735 ) (2,707 ) (449 ) (29 ) (478 ) Liability or reserve at December 30, 2018 $ 236 $ — $ — $ 236 $ — $ 86 $ 86 In 2018, the Company also reported impairment costs of $2.6 million related to tangible assets of its Rose Energy Ltd. subsidiary in the line item Administrative restructuring charges on the Consolidated and Combined Statements of Income. This impairment cost was recognized in the U.K. and Europe segment. In 2017, the Company also reported impairment costs of $3.5 million and $1.5 million related to its Athens, Alabama and Dublin, Ireland plants, respectively, in the line item Administrative restructuring charges on the Consolidated and Combined Statements of Income. The impairment cost related the Athens, Alabama plant was recognized in the U.S. segment, while the impairment cost related to the Dublin, Ireland plant was recognized in the U.K. and Europe segment.

PUERTO RICO HURRICANE IMPACT

PUERTO RICO HURRICANE IMPACT	12 Months Ended
	Dec. 30, 2018
Unusual or Infrequent Items, or Both [Abstract]
PUERTO RICO HURRICANE IMPACT	PUERTO RICO HURRICANE IMPACT Hurricane Maria became the strongest storm to make landfall in Puerto Rico in 85 years when it came ashore on September 20, 2017. The Company suffered significant damage because of the storm. Pilgrim’s lost 2.1 million birds on the island, many of the Company’s contract growers lost their poultry houses, and the Company incurred damage at its processing plant, feed mill and hatchery. Estimated damages incurred by the Company through December 30, 2018 included property and casualty losses related to its facilities totaling $5.2 million and a business interruption loss, resulting primarily from damages suffered by its contract growers and damage to the island’s roadways and power grid, totaling $15.1 million . Pilgrim’s expected to receive insurance proceeds in the amount of $11.9 million related to the business interruption loss and had recorded a receivable from its insurance provider for that amount. The Company learned in the fourth quarter of 2018 that it was not eligible for the recovery because the actual damage to its facilities was not significant. The Company eliminated the receivable and recognized the business interruption loss in Cost of sales in the Consolidated and Combined Statements of Income. This loss was recognized in the U.S. segment.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 30, 2018
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS Pilgrim's has been and, in some cases, continues to be a party to certain transactions with affiliated companies. 2018 2017 2016 (In thousands) Sales to related parties: JBS USA Food Company (c) $ 13,843 $ 15,289 $ 16,534 JBS Five Rivers 7,096 31,004 14,126 JBS Global (UK) Ltd. — 44 122 JBS Chile Ltda. 60 178 615 J&F Investimentos Ltd. — 104 69 Combo, Mercado de Congelados 159 — — Seara International Ltd. — 104 4 JBS Toledo NV — — 143 Rigamonti Salumificio S.P.A. — — 3 Total sales to related parties $ 21,158 $ 46,723 $ 31,616 Cost of goods purchased from related parties: JBS USA Food Company (c) $ 117,596 $ 101,685 $ 139,476 Seara Meats B.V. 36,223 13,949 21,038 JBS Aves Ltda. 1,123 — — Seara International Ltd. — 11,236 2,746 JBS Toledo NV 445 231 123 JBS Global (UK) Ltd. 21 — — Rigamonti Salumificio S.P.A. — — 15 Total cost of goods purchased from related parties $ 155,408 $ 127,101 $ 163,398 Expenditures paid by related parties: JBS USA Food Company (d) $ 62,189 $ 40,313 $ 40,519 JBS S.A. — 3,777 8,125 JBS Chile Ltda. 33 — — Seara Alimentos — 64 — Total expenditures paid by related parties $ 62,222 $ 44,154 $ 48,644 Expenditures paid on behalf of related parties: JBS USA Food Company (d) $ 9,192 $ 5,376 $ 10,586 JBS S.A. 170 5 86 Seara International Ltd. 45 — 72 Seara Meats B.V. — 12 — Rigamonti Salumificio S.P.A. — — 3 Total expenditures paid on behalf of related parties $ 9,407 $ 5,393 $ 10,747 Other related party transactions: Letter of credit fees (a) $ — $ — $ 202 Capital contribution (distribution) under tax sharing agreement (b) (525 ) 5,558 5,038 Total other related party transactions $ (525 ) $ 5,558 $ 5,240 2018 2017 (In thousands) Accounts receivable from related parties: JBS USA Food Company (c) $ 1,236 $ 2,826 JBS Chile Ltda. — 108 Combo, Mercado de Congelados 79 — Seara International Ltd. 16 15 Seara Meats B.V. — 2 Total accounts receivable from related parties $ 1,331 $ 2,951 Accounts payable to related parties: JBS USA Food Company (c) $ 5,121 $ 440 Seara Meats B.V. 2,142 2,410 JBS Chile Ltda. 6 — JBS Toledo — 39 Total accounts payable to related parties $ 7,269 $ 2,889 (a) JBS USA Food Company Holdings (“JBS USA Holdings”) arranged for letters of credit to be issued on its account in the aggregate amount of $56.5 million to an insurance company on our behalf in order to allow that insurance company to return cash it held as collateral against potential workers’ compensation, auto liability and general liability claims. In return for providing this letter of credit, the Company has agreed to reimburse JBS USA Holdings for the letter of credit fees the Company would otherwise incur under its U.S. Credit Facility. The letter of credit arrangements for $40.0 million and $16.5 million were terminated on March 7, 2016 and April 1, 2016, respectively. During 2016, the Company paid JBS USA Holdings $0.2 million for letter of credit fees. (b) The Company entered into a tax sharing agreement during 2014 with JBS USA Holdings effective for tax years starting 2010. The net tax payable for tax year 2018 was accrued in 2018 and was paid in 2019. The net tax receivable for tax year 2017 was accrued in 2017 and was paid in 2018. The net tax receivable for tax year 2016 was accrued in 2016 and paid in January 2017. (c) We routinely execute transactions to both purchase products from JBS USA Food Company (“JBS USA”) and sell products to them. As of December 30, 2018 and December 31, 2017 , the outstanding payable to JBS USA was $5.1 million and $0.4 million , respectively. As of December 30, 2018 and December 31, 2017 , the outstanding receivable from JBS USA was $1.2 million and $2.8 million , respectively. As of December 30, 2018 , approximately $1.1 million of goods from JBS USA were in transit and not reflected on our Consolidated Balance Sheet. (d) The Company has an agreement with JBS USA to allocate costs associated with JBS USA’s procurement of SAP licenses and maintenance services for both companies. Under this agreement, the fees associated with procuring SAP licenses and maintenance services are allocated between the Company and JBS USA in proportion to the percentage of licenses used by each company. The agreement expires on the date of expiration, or earlier termination, of the underlying SAP license agreement. The Company also has an agreement with JBS USA to allocate the costs of supporting the business operations by one consolidated corporate team, which have historically been supported by their respective corporate teams. Expenditures paid by JBS USA on behalf of the Company will be reimbursed by the Company and expenditures paid by the Company on behalf of JBS USA will be reimbursed by JBS USA. This agreement expires on December 31, 2019.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 30, 2018
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES General The Company is a party to many routine contracts in which it provide general indemnities in the normal course of business to third parties for various risks. Among other considerations, the Company has not recorded a liability for any of these indemnities because, based upon the likelihood of payment, the fair value of such indemnities would not have a material impact on our financial condition, results of operations and cash flows. Purchase Obligations The Company will sometimes enter into noncancelable contracts to purchase capital equipment and certain commodities such as corn, soybean meal, wheat and electricity. At December 30, 2018 , the Company was party to outstanding purchase contracts totaling $433.8 million and $6.7 million payable in 2019 and 2020 , respectively. There were no outstanding purchase contracts in 2021. Operating Leases The Consolidated and Combined Statements of Income include rental expense for operating leases of approximately $60.3 million , $59.0 million and $56.9 million in 2018 , 2017 and 2016 , respectively. The Company’s future minimum lease commitments under noncancelable operating leases are as follows (in thousands): 2019 $ 84,220 2020 63,196 2021 53,908 2022 45,557 2023 36,136 Thereafter 66,637 Total $ 349,654 Certain of the Company’s operating leases include rent escalations. The Company includes the rent escalation in its minimum lease payments obligations and recognizes them as a component of rental expense on a straight-line basis over the minimum lease term. The Company also maintains operating leases for various types of equipment, some of which contain residual value guarantees for the market value of assets at the end of the term of the lease. The terms of the lease maturities range from one to ten years. The maximum potential amount of the residual value guarantees is estimated to be approximately $55.9 million ; however, the actual amount would be offset by any recoverable amount based on the fair market value of the underlying leased assets. No liability has been recorded related to this contingency as the likelihood of payments under these guarantees is not considered to be probable and the fair value of such guarantees is immaterial. The Company historically has not experienced significant payments under similar residual guarantees. Financial Instruments The Company’s loan agreements generally obligate the Company to reimburse the applicable lender for incremental increased costs due to a change in law that imposes (i) any reserve or special deposit requirement against assets of, deposits with or credit extended by such lender related to the loan, (ii) any tax, duty or other charge with respect to the loan (except standard income tax) or (iii) capital adequacy requirements. In addition, some of the Company’s loan agreements contain a withholding tax provision that requires the Company to pay additional amounts to the applicable lender or other financing party, generally if withholding taxes are imposed on such lender or other financing party as a result of a change in the applicable tax law. These increased cost and withholding tax provisions continue for the entire term of the applicable transaction, and there is no limitation on the maximum additional amounts the Company could be obligated to pay under such provisions. Any failure to pay amounts due under such provisions generally would trigger an event of default, and, in a secured financing transaction, would entitle the lender to foreclose upon the collateral to realize the amount due. Litigation The Company is a party to many routine contracts in which it provides general indemnities in the normal course of business to third parties for various risks. Among other considerations, the Company has not recorded a liability for any of these indemnities because, based upon the likelihood of payment, the fair value of such indemnities would not have a material impact on our financial condition, results of operations and cash flows. The Company is subject to various legal proceedings and claims which arise in the ordinary course of business. In the Company’s opinion, it has made appropriate and adequate accruals for claims where necessary; however, the ultimate liability for these matters is uncertain, and if significantly different than the amounts accrued, the ultimate outcome could have a material effect on the financial condition or results of operations of the Company. For a discussion of the material legal proceedings and claims, see Part I, Item 3. “Legal Proceedings.” Below is a summary of some of these material proceedings and claims. The Company believes it has substantial defenses to the claims made and intends to vigorously defend these cases. Tax Claims and Proceedings A Mexico subsidiary of the Company is currently appealing an unfavorable tax adjustment proposed by Mexican Tax Authorities due to an examination of a specific transaction undertaken by the Mexico subsidiary during tax years 2009 and 2010. Amounts under appeal are $24.3 million and $16.1 million for tax years 2009 and 2010, respectively. No loss has been recorded for these amounts at this time. Other Claims and Proceedings Between September 2, 2016 and October 13, 2016, a series of purported federal class action lawsuits styled as In re Broiler Chicken Antitrust Litigation , Case No. 1:16-cv-08637 were filed with the U.S. District Court for the Northern District of Illinois against PPC and 13 other producers by and on behalf of direct and indirect purchasers of broiler chickens alleging violations of federal and state antitrust and unfair competition laws. The complaints seek, among other relief, treble damages for an alleged conspiracy among defendants to reduce output and increase prices of broiler chickens from the period of January 2008 to the present. The class plaintiffs have filed three consolidated amended complaints: one on behalf of direct purchasers and two on behalf of distinct groups of indirect purchasers. Between December 2017 and January 2019, eighteen individual direct action complaints ( Affiliated Foods, Inc., et al., v. Claxton Poultry Farms, Inc., et al. , Case No. 1:17-cv-08850; Sysco Corp. v. Tyson Foods Inc., et al , Case No. 1:18-cv-00700; US Foods Inc. v. Tyson Foods Inc., et al , Case No. 1:18-cv-00702; Action Meat Distributors, Inc. et al., v. Claxton Poultry Farms, Inc., et al. , Case No. 1:18-cv-03471; Holdings, LLC, v. Tyson Foods, Inc. et al. , Case No. 1:18-cv-04000; Associated Grocers of the South, Inc. et al., v. Tyson Foods, Inc., et al. , Case No. 1:18-cv-4616; The Kroger Co., et al. v. Tyson Foods, Inc., et al. , Case No. 1:18-cv-04534; Ahold Delhaize USA, Inc. v. Koch Foods, Inc., et al. , Case No. 1:18-cv-05351; Samuels as Trustee In Bankruptcy for Central Grocers, Inc. et al v. Norman W. Fries, Inc., d/b/a Claxton Poultry Farms, Inc. et al. , Case No. 1:18-cv-05341; W. Lee Flowers & Company, Inc. v. Norman W. Fries, Inc., d/b/a Claxton Poultry Farms, Inc. et al. , Case No. 1:18-cv-05345; BJ's Wholesale Club, Inc. v. Tyson Foods, Inc., et al. , Case No. 1:18-cv-05877; United Supermarkets LLC, et al. v. Tyson Foods Inc., et al. , Case No. 1:18-cv-06693; Associated Wholesale Grocers, Inc. v. Koch Foods, Inc., et al. , Case No. 1:18-cv-06316 (transferred from the U.S. District Court for the District of Kansas on September 17, 2018, following Defendants’ successful motion to transfer); Shamrock Foods Company and United Food Service, Inc. v. Tyson Foods, Inc., et al., Case No. 18-cv-7284; Winn-Dixie Stores, Inc., et al. v. Koch Foods, Inc., et al. , Case No. 1:18-cv-00245; Quirch Foods, LLC, f/k/a Quirch Foods Co. v. Koch Foods, Inc., et al., Case No. 18-cv-08511; Sherwood Food Distributors, L.L.C., et al. v. Tyson Foods, Inc., et al., Case No. 19-cv-00354), and Hooters of America, LLC v. Tyson Foods, Inc., et al , Case No. 1:19-cv-00390 (N.D. Ill.) were filed with the U.S. District Court for the Northern District of Illinois by individual direct purchaser entities, the allegations of which largely mirror those in the class action complaints. Substantial completion of document discovery for most Defendants, including PPC, occurred on July 18, 2018. The Court’s scheduling order currently requires completion of fact discovery on October 14, 2019; class certification briefing and expert reports proceeding from November 12, 2019 to July 14, 2020; and summary judgment to proceed 60 days after the Court rules on motions for class certification. The Court has ordered the parties to coordinate scheduling of the direct action complaints with the class complaints with any necessary modifications to reflect time of filing. Discovery will be consolidated. On October 10, 2016, Patrick Hogan, acting on behalf of himself and a putative class of persons who purchased shares of PPC’s stock between February 21, 2014 and October 6, 2016, filed a class action complaint in the U.S. District Court for the District of Colorado against PPC and its named executive officers. The complaint alleges, among other things, that PPC’s SEC filings contained statements that were rendered materially false and misleading by PPC’s failure to disclose that (i) the Company colluded with several of its industry peers to fix prices in the broiler-chicken market as alleged in the In re Broiler Chicken Antitrust Litigation , (ii) its conduct constituted a violation of federal antitrust laws, (iii) PPC’s revenues during the class period were the result of illegal conduct and (iv) that PPC lacked effective internal control over financial reporting. The complaint also states that PPC’s industry was anticompetitive. On April 4, 2017, the Court appointed another stockholder, George James Fuller, as lead plaintiff. On May 11, 2017, the plaintiff filed an amended complaint, which extended the end date of the putative class period to November 17, 2017. PPC and the other defendants moved to dismiss on June 12, 2017, and the plaintiff filed its opposition on July 12, 2017. PPC and the other defendants filed their reply on August 1, 2017. On March 14, 2018, the Court dismissed the plaintiff’s complaint without prejudice and issued final judgment in favor of PPC and the other defendants. On April 11, 2018, the plaintiff moved for reconsideration of the Court’s decision and for permission to file a Second Amended Complaint. PPC and the other defendants filed a response to the plaintiff’s motion on April 25, 2018. On November 19, 2018, the Court denied the plaintiff’s motion for reconsideration and granted plaintiff leave to file a Second Amended Complaint. As of January 18, 2019, plaintiff has not yet filed a Second Amended Complaint. On January 27, 2017, a purported class action on behalf of broiler chicken farmers was brought against PPC and four other producers in the Eastern District of Oklahoma, alleging, among other things, a conspiracy to reduce competition for grower services and depress the price paid to growers. Plaintiffs allege violations of the Sherman Act and the Packers and Stockyards Act and seek, among other relief, treble damages. The complaint was consolidated with a subsequently filed consolidated amended class action complaint styled as In re Broiler Chicken Grower Litigation , Case No. CIV-17-033-RJS (the “Grower Litigation”). The defendants (including PPC) jointly moved to dismiss the consolidated amended complaint on September 9, 2017. The Court initially held oral argument on January 19, 2018, during which it considered and granted only motions from certain other defendants who were challenging jurisdiction. Oral argument on the remaining pending motions in the Oklahoma court occurred on April 20, 2018. Rulings on the motion are pending. In addition, on March 12, 2018, the Northern District of Texas, Fort Worth Division (“Bankruptcy Court”) enjoined plaintiffs from litigating the Grower Litigation complaint as pled against the Company because allegations in the consolidated complaint violate the confirmation order relating to the Company’s 2008-2009 bankruptcy proceedings. Specifically, the 2009 bankruptcy confirmation order bars any claims against the Company based on conduct occurring before December 28, 2009. On March 13, 2018, Pilgrim’s notified the trial court of the Bankruptcy Court’s injunction. To date, plaintiffs have not amended the consolidated complaint to comply with the Bankruptcy Court’s injunction order or the confirmation order. On March 9, 2017, a stockholder derivative action styled as DiSalvio v. Lovette, et al. , No. 2017 cv. 30207, was brought against all of PPC’s directors and its Chief Financial Officer, Fabio Sandri, in the District Court for the County of Weld in Colorado. The complaint alleges, among other things, that the named defendants breached their fiduciary duties by failing to prevent PPC and its officers from engaging in an antitrust conspiracy as alleged in the In re Broiler Chicken Antitrust Litigation , and issuing false and misleading statements as alleged in the Hogan class action litigation. On April 17, 2017, a related stockholder derivative action styled Brima v. Lovette, et al. , No. 2017 cv. 30308, was brought against all of PPC’s directors and its Chief Financial Officer in the District Court for the County of Weld in Colorado. The Brima complaint contains largely the same allegations as the DiSalvio complaint. On May 4, 2017, the plaintiffs in both the DiSalvio and Brima actions moved to (i) consolidate the two stockholder derivative cases, (ii) stay the consolidated action until the resolution of the motion to dismiss in the Hogan putative securities class action, and (iii) appoint co-lead counsel. The Court granted the motion on May 8, 2017, staying the proceedings pending resolution of the motion to dismiss in the Hogan action. In January 2018, a stockholder derivative action entitled Raul v. Nogueira de Souza, et al. , was filed in the U.S. District Court for the District of Colorado against the Company, as nominal defendant, as well as the Company’s directors, its Chief Financial Officer, and majority stockholder, JBS S.A. The complaint alleges, among other things, that (i) defendants permitted the Company to omit material information from its proxy statements filed in 2014 through 2017 related to the conduct of Wesley Mendonça Batista and Joesley Mendonça Batista, (ii) the individual defendants and JBS S.A. breached their fiduciary duties by failing to prevent the Company and its officers from engaging in an antitrust conspiracy as alleged in the Broiler Litigation and (iii) issuing false and misleading statements as alleged in the Hogan class action litigation. On May 17, 2018, the plaintiffs filed an unopposed motion to stay proceedings pending a final resolution of the Hogan class action litigation. The court-ordered deadline for the defendants to file an answer or otherwise respond to the complaint was originally set for July 30, 2018. This deadline was extended to August 31, 2018, at which time the plaintiffs filed an unopposed motion to voluntarily dismiss the complaint without prejudice. The Court granted the plaintiffs’ motion on September 4, 2018. On January 25, 2018, a stockholder derivative action styled as Sciabacucchi v. JBS S.A., et al. , was brought against all of PPC’s directors, JBS S.A., JBS USA Holding Lux S.à r.l. (“JBS Holding Lux”) and several members of the Batista family, in the Court of Chancery of the State of Delaware (the “Chancery”). The complaint alleges, among other things, that the named defendants breached their fiduciary duties arising out of the Company’s acquisition of Moy Park. On March 15, 2018, the members of the Batista family were dismissed from the action without prejudice by stipulation. On March 20, 2018, nominal defendant PPC filed its answer. On March 20, 2018, the remaining defendants, including PPC’s directors, JBS S.A., and JBS Holding Lux moved to dismiss the complaint. On April 19, 2018, director defendants Bell, Macaluso, and Cooper filed their opening brief in support of their motion to dismiss. On April 19, 2018, defendants JBS S.A., JBS Holding Lux, and director defendants Lovette, Nogueira de Souza, Tomazoni, Farahat, Molina, and de Vasconcellos, Jr. filed their opening brief in support of their motion to dismiss. On May 24, 2018, Employees Retirement System of the City of St. Louis filed a derivative complaint, which was virtually identical to the Sciabacucchi complaint. On July 2, 2018, the Chancery granted a stipulation consolidating the cases and making the first complaint (Sciabacucchi) the operative complaint. On July 3, 2018, the plaintiffs dismissed the Special Committee defendants—Bell, Macaluso and Cooper. On July 9, 2018, the plaintiffs dismissed de Vasconcellos, Jr. and filed their opposition to the motion to dismiss by the entity and non-Special Committee defendants, who filed their reply on August 9, 2018. On November 15, 2018, the parties argued the dismissal of the remaining defendants (JBS S.A.; JBS Holding Lux; and director defendants Lovette, Nogueira de Souza, Tomazoni, Farahat, and Molina) before the Chancery. After arguments concluded, the Chancery asked the parties to submit supplemental briefing on the viability of an additional ground for dismissal. The parties filed their respective supplemental briefs on December 21, 2018. The Chancery has yet to issue it’s decision. The Company believes it has strong defenses in each of the above litigations and intends to contest them vigorously. The Company cannot predict the outcome of these actions nor when they will be resolved. If the plaintiffs were to prevail in any of these litigations, the Company could be liable for damages, which could be material and could adversely affect its financial condition or results of operations. J&F Investigation On May 3, 2017, certain officers of J&F Investimentos S.A. (“J&F,” and together with the companies controlled by J&F, the “J&F Group”), a company organized in Brazil and an indirect controlling stockholder of the Company, including a former senior executive and former board members of the Company, entered into plea bargain agreements (collectively, the “Plea Bargain Agreements”) with the Brazilian Federal Prosecutor’s Office (Ministério Público Federal) (the “MPF”) in connection with certain misconduct by J&F and such individuals acting in their capacity as J&F executives. The details of such misconduct are set forth in separate annexes to the Plea Bargain Agreements, and include admissions of payments to politicians and political parties in Brazil during a ten-year period in exchange for receiving, or attempting to receive, favorable treatment for certain J&F Group companies in Brazil. On June 5, 2017, J&F, for itself and as the controlling shareholder of the J&F Group companies, entered into a leniency agreement (the “Leniency Agreement”) with the MPF, whereby J&F assumed responsibility for the conduct that was described in the annexes to the Plea Bargain Agreements. In connection with the Leniency Agreement, J&F has agreed to pay a fine of 10.3 billion Brazilian reais, adjusted for inflation, over a 25 -year period. Various proceedings by Brazilian governmental authorities remain pending against J&F and certain of its officers to potentially invalidate the Plea Bargain Agreements and impose more severe penalties for additional alleged misconduct that were not disclosed in the annexes to the Plea Bargain Agreements. J&F is conducting an internal investigation in accordance with the terms of the Leniency Agreement, and has engaged outside advisors to assist in conducting this investigation, which is ongoing, and with which we are fully cooperating. JBS S.A. and the Company have engaged outside U.S. legal counsel to: (i) conduct an independent investigation in connection with matters disclosed in the Leniency Agreement and the Plea Bargain Agreements; and (ii) communicate with relevant U.S. authorities, including the Department of Justice regarding the factual findings of that investigation. Additionally, JBS S.A. and the Company have taken, and are continuing to take, measures to enhance their compliance programs, including to prevent and detect bribery and corruption. We cannot predict when the J&F and JBS S.A. investigations will be completed or the results of such investigations, including whether any litigation will be brought against us or the outcome or impact of any resulting litigation. We will monitor the results of the investigations. Any proceedings that require us to make substantial payments, affect our reputation or otherwise interfere with our business operations could have a material adverse effect on our business, financial condition and operating results. Any further developments in these, or other, matters involving the controlling shareholders, directors, or officers of J&F, or other parties affiliated with us, could subject JBS S.A. and its subsidiaries (including the Company) to potential fines or penalties, may materially adversely affect the public perception or reputation of JBS S.A. and its subsidiaries (including the Company) and could have a material adverse effect on JBS S.A. and its subsidiaries (including the Company).

MARKET RISKS AND CONCENTRATIONS

MARKET RISKS AND CONCENTRATIONS	12 Months Ended
	Dec. 30, 2018
Risks and Uncertainties [Abstract]
MARKET RISKS AND CONCENTRATIONS	MARKET RISKS AND CONCENTRATIONS The Company’s financial instruments that are exposed to concentrations of credit risk consist primarily of cash equivalents, investment securities and trade accounts receivable. The Company’s cash equivalents and investment securities are high-quality debt and equity securities placed with major banks and financial institutions. The Company’s trade accounts receivable are generally unsecured. Credit evaluations are performed on all significant customers and updated as circumstances dictate. Concentrations of credit risk with respect to trade accounts receivable are limited due to the large number of customers and their dispersion across geographic areas. The Company does not have a single customer that exceeds the 10% of net sales. For the year ended December 30, 2018 , our largest single customer was 6.3% of net sales. The Company does not believe it has significant concentrations of credit risk in its trade accounts receivable. As of December 30, 2018 , we employed approximately 31,100 persons in the U.S., approximately 10,700 persons in Mexico and approximately 10,300 persons in the U.K. and Europe. Approximately 37.1% of the Company’s employees were covered under collective bargaining agreements. Substantially all employees covered under collective bargaining agreements are covered under agreements that expire in 2019 or later. We have not experienced any labor-related work stoppage at any location in over ten years . We believe our relationship with our employees and union leadership is satisfactory. At any given time, we will likely be in some stage of contract negotiations with various collective bargaining units. In the absence of an agreement, we may become subject to labor disruption at one or more of these locations, which could have an adverse effect on our financial results. At December 30, 2018 , the aggregate carrying amount of net assets belonging to our Mexico and U.K. and Europe operations was $829.7 million and $1.6 billion , respectively. At December 31, 2017 , the aggregate carrying amount of net assets belonging to our Mexico and U.K. and Europe operations was $711.2 million and $ 1.4 billion , respectively.

BUSINESS SEGMENT AND GEOGRAPHIC

BUSINESS SEGMENT AND GEOGRAPHIC REPORTING	12 Months Ended
	Dec. 30, 2018
Segment Reporting [Abstract]
BUSINESS SEGMENT AND GEOGRAPHIC REPORTING	BUSINESS SEGMENT AND GEOGRAPHIC REPORTING The Company operates in three reportable business segments, U.S., U.K. and Europe, and Mexico. The Company measures segment profit as operating income. Corporate expenses are allocated to Mexico based upon various apportionment methods for specific expenditures incurred related thereto with the remaining amounts allocated to the U.S. On September 8, 2017, the Company acquired Moy Park, one of the top-ten food companies in the U.K., Northern Ireland's largest private sector business and one of Europe's leading poultry producers, from JBS S.A. in a common-control transaction. Moy Park's results from operations subsequent to the common-control date of September 30, 2015 comprise the U.K. and Europe segment. On January 6, 2017, the Company acquired GNP, a vertically integrated poultry business with locations in Minnesota and Wisconsin. GNP's results from operations subsequent to the acquisition date are included in the U.S. segment. Net sales to customers by customer location and long-lived assets are as follows: December 30, 2018 December 31, 2017 December 25, 2016 (In thousands) Net sales U.S. $ 7,425,661 $ 7,443,222 $ 6,671,403 U.K. and Europe 2,148,666 1,996,319 1,947,441 Mexico 1,363,457 1,328,322 1,259,720 Total $ 10,937,784 $ 10,767,863 $ 9,878,564 December 30, 2018 December 31, 2017 December 25, 2016 (In thousands) Operating income U.S. $ 291,381 $ 841,492 $ 572,558 U.K. and Europe 84,524 77,105 78,572 Mexico 119,649 153,631 140,857 Elimination 132 94 95 Total operating income $ 495,686 $ 1,072,322 $ 792,082 Interest expense, net of capitalized interest 162,812 107,183 75,636 Interest income (13,811 ) (7,730 ) (2,301 ) Foreign currency transaction gain 17,160 (2,659 ) 4,055 Miscellaneous, net (2,702 ) (6,538 ) (9,344 ) Income before income taxes $ 332,227 $ 982,066 $ 724,036 December 30, 2018 December 31, 2017 December 25, 2016 (In thousands) Net sales to customers by customer location: U.S. $ 7,173,280 $ 7,452,758 $ 6,460,787 Mexico 1,411,727 1,019,170 1,180,947 Asia 158,864 136,144 101,209 Canada, Caribbean and Central America 26,450 114,543 152,516 Africa 21,286 29,905 17,117 Europe 2,134,822 2,000,843 1,952,192 South America 10,704 13,279 11,955 Pacific 651 1,221 1,841 Total $ 10,937,784 $ 10,767,863 $ 9,878,564 December 30, 2018 December 31, 2017 December 25, 2016 (In thousands) Depreciation and amortization: U.S. $ 201,126 $ 199,749 $ 151,527 U.K. and Europe 51,108 51,040 51,193 Mexico 27,423 27,003 28,988 Total $ 279,657 $ 277,792 $ 231,708 December 30, 2018 December 31, 2017 (In thousands) Long-lived assets (a) : U.S. $ 1,506,217 $ 1,437,220 U.K. and Europe 359,621 368,521 Mexico 295,864 289,406 Total $ 2,161,702 $ 2,095,147 (a) For this disclosure, we exclude financial instruments, deferred tax assets and intangible assets in accordance with ASC 280-10-50-41, Segment Reporting . Long-lived assets, as used in ASC 280-10-50-41, implies hard assets that cannot be readily removed. The following table sets forth, for the periods beginning with 2016 , net sales attributable to each of our primary product lines and markets served with those products. We based the table on our internal sales reports and their classification of products. 2018 2017 2016 (In thousands) U.S. chicken: Fresh chicken $ 5,959,458 $ 5,700,503 $ 4,627,137 Prepared chicken 773,983 950,378 1,269,010 Export and other chicken 258,732 213,595 313,827 Total U.S. chicken 6,992,173 6,864,476 6,209,974 U.K. and Europe chicken: Fresh chicken 925,124 846,575 811,127 Prepared chicken 865,864 792,284 794,880 Export and other chicken 303,921 318,699 283,276 Total U.K. and Europe chicken 2,094,909 1,957,558 1,889,283 Mexico chicken: Fresh chicken 1,252,403 1,245,144 1,154,355 Prepared chicken 76,860 58,512 91,289 Total Mexico chicken 1,329,263 1,303,656 1,245,644 Total chicken 10,416,345 10,125,690 9,344,901 Other products: U.S. 433,488 578,746 461,429 U.K. and Europe 53,757 38,761 58,158 Mexico 34,194 24,666 14,076 Total other products 521,439 642,173 533,663 Total net sales $ 10,937,784 $ 10,767,863 $ 9,878,564

QUARTERLY RESULTS (UNAUDITED)

QUARTERLY RESULTS (UNAUDITED)	12 Months Ended
	Dec. 30, 2018
Quarterly Financial Information Disclosure [Abstract]
QUARTERLY RESULTS (UNAUDITED)	QUARTERLY RESULTS (UNAUDITED) 2018 First (a) Second (b) Third (c) Fourth (d) Year (In thousands, except per share data) Net sales $ 2,746,678 $ 2,836,713 $ 2,697,604 $ 2,656,789 $ 10,937,784 Gross profit 287,665 274,222 169,741 111,848 843,476 Net income (loss) attributable to PPC common stockholders 119,418 106,541 29,310 (7,324 ) 247,945 Net income per share amounts - basic 0.48 0.43 0.12 (0.03 ) 1.00 Net income per share amounts - diluted 0.48 0.43 0.12 (0.03 ) 1.00 Number of days in period 91 91 91 91 364 2017 First (e) Second (f) Third (g) Fourth (h) Year (In thousands, except per share data) Net sales $ 2,479,340 $ 2,752,286 $ 2,793,885 $ 2,742,352 $ 10,767,863 Gross profit 256,388 474,838 478,584 261,804 1,471,614 Net income attributable to PPC 93,921 233,641 232,680 134,337 694,579 Net income per share amounts - 0.38 0.94 0.94 0.54 2.79 Net income per share amounts - 0.38 0.94 0.93 0.54 2.79 Number of days in period 91 91 91 98 371 2016 First Second Third Fourth (i) Year (In thousands, except per share data) Net sales $ 2,460,410 $ 2,551,990 $ 2,495,281 $ 2,370,883 $ 9,878,564 Gross profit 284,257 337,796 253,060 228,870 1,103,983 Net income attributable to PPC 118,371 152,886 98,657 70,618 440,532 Net income per share amounts - 0.46 0.60 0.39 0.29 1.74 Net income per share amounts - 0.46 0.60 0.39 0.28 1.73 Number of days in period 91 91 91 91 364 (a) In the first quarter of 2018, the Company recognized impairment charges of approximately $0.5 million related to the Luverne, Minnesota plant held for sale. Also in the first quarter of 2018, the Company had transaction costs of approximately $0.2 million related to the acquisition of Moy Park and GNP. (b) In the second quarter of 2018, the Company recognized impairment charges of approximately $0.1 million related to its 40 North Foods leasehold improvements. (c) In the third quarter of 2018, the Company recognized impairment charges of approximately $0.3 million related to the Luverne, Minnesota plant held for sale. (d) In the fourth quarter of 2018, the Company recognized impairment charges of approximately $2.6 million related to Rose Energy Ltd. within its U.K. and Europe segment. Also in the fourth quarter of 2018, the Company recognized nonrecurring charges of $3.0 million and $11.9 million related to Hurricane Michael and Hurricane Maria, respectively. Hurricane Michael hit the Company’s Live Oak complex in October 2018, causing two days of plant closure. Hurricane Maria hit the Company’s Puerto Rico complex in September 2017, causing six months of plant closure. (e) On January 6, 2017, the Company acquired 100% of the membership interests of GNP from Maschhoff Family Foods, LLC for a cash purchase price of $350 million . In the first quarter, the Company had transaction costs of approximately $0.6 million for the acquisition of GNP. (f) In the second quarter of 2017, the Company recognized impairment charges of approximately $3.5 million related to its Athens, Alabama plant held for sale. (g) In the third quarter of 2017, the Company had transaction costs of approximately $15.0 million for the acquisition of Moy Park. (h) In the fourth quarter of 2017, the Company had transaction costs of approximately $4.5 million for the acquisition of Moy Park. (i) In the fourth quarter of 2016, the Company recognized impairment charges of $0.8 million and $0.3 million related to its Dallas, Texas and Bossier City, Louisiana plants held for sale.

SCHEDULE II VALUATION AND QUALI

SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS	12 Months Ended
	Dec. 30, 2018
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]
SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS	SCHEDULE II PILGRIM’S PRIDE CORPORATION VALUATION AND QUALIFYING ACCOUNTS Additions Beginning Balance Charged to Operating Results Charged to Other Accounts Deductions Ending Balance (In thousands) Trade Accounts and Other Receivables— Allowance for Doubtful Accounts: 2018 $ 8,145 $ 1,633 $ (39 ) $ 1,682 (a) $ 8,057 2017 6,661 2,683 339 1,538 (a) 8,145 2016 9,381 1,172 (452 ) 3,440 (a) 6,661 Trade Accounts and Other Receivables— Allowance for Sales Adjustments: 2018 $ 9,477 $ 254,135 $ — $ 250,625 (b) $ 12,987 2017 4,874 185,198 — 180,595 (b) 9,477 2016 5,662 199,423 — 200,211 (b) 4,874 Deferred Tax Assets— Valuation Allowance: 2018 $ 14,479 $ 11,776 $ — $ 105 (c) $ 26,150 2017 25,611 — — 11,132 (c) 14,479 2016 27,300 — — 1,689 (c) 25,611 (a) Uncollectible accounts written off, net of recoveries. (b) Deductions either written off, rebilled or reclassified as liabilities for market development fund rebates. (c) Reductions in the valuation allowance.

BUSINESS AND SUMMARY OF SIGNI_2

BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Consolidated and Combined Financial Statements	Consolidated and Combined Financial Statements The Company operates on the basis of a 52 / 53 -week fiscal year ending on the Sunday falling on or before December 31. Any reference we make to a particular year (for example, 2018 ) in the notes to these Consolidated and Combined Financial Statements applies to our fiscal year and not the calendar year. On September 8, 2017, a subsidiary of the Company acquired 100% of the issued and outstanding shares of Granite Holdings Sàrl and its subsidiaries (together, “Moy Park”) from JBS S.A. in a common-control transaction. Moy Park was acquired by JBS S.A. from an unrelated third party on September 30, 2015. For the period from September 30, 2015 through September 7, 2017, the Consolidated and Combined Financial Statements include the accounts of the Company and its majority-owned subsidiaries combined with the accounts of Moy Park. For the periods subsequent to September 8, 2017, the Consolidated and Combined Financial Statements include the accounts of the Company and its majority-owned subsidiaries, including Moy Park. We eliminate all significant affiliate accounts and transactions upon consolidation. The Consolidated and Combined Financial Statements have been prepared in conformity with U.S. GAAP using management’s best estimates and judgments. These estimates and judgments affect the reported amounts of assets and liabilities and disclosure of the contingent assets and liabilities at the date of the financial statements. The estimates and judgments will also affect the reported amounts for certain revenues and expenses during the reporting period. Actual results could differ materially from these estimates and judgments. Significant estimates made by the Company include the allowance for doubtful accounts, reserves related to inventory obsolescence or valuation, useful lives of long-lived assets, goodwill, valuation of deferred tax assets, insurance accruals, valuation of pension and other postretirement benefits obligations, income tax accruals, certain derivative positions and valuations of acquired businesses.
Foreign Currency Transactions and Translations	The functional currency of the Company's U.S. and Mexico operations and certain holding-company subsidiaries in Luxembourg, the U.K. and Ireland is the U.S. dollar. The functional currency of its U.K. operations is the British pound. The functional currency of the Company's operations in France and the Netherlands is the euro. For foreign currency-denominated entities other than the Company's Mexico operations, translation from local currencies into U.S. dollars is performed for most assets and liabilities using the exchange rates in effect as of the balance sheet date. Income and expense accounts are remeasured using average exchange rates for the period. Adjustments resulting from translation of these financial records are reflected as a separate component of Accumulated other comprehensive loss in the Consolidated Balance Sheets. For the Company's Mexico operations, remeasurement from the Mexican peso to U.S. dollars is performed for monetary assets and liabilities using the exchange rate in effect as of the balance sheet date. Remeasurement is performed for non-monetary assets using the historical exchange rate in effect on the date of each asset’s acquisition. Income and expense accounts are remeasured using average exchange rates for the period. Net adjustments resulting from remeasurement of these financial records are reflected in Foreign currency transaction losses (gains) in the Consolidated and Combined Statements of Income. The Company or its subsidiaries may use derivatives for the purpose of mitigating exposure to changes in foreign currency exchange rates. Foreign currency transaction gains or losses are reported in the Consolidated and Combined Statements of Income. During 2017, the Company reported an adjustment resulting from the translation of a British pound-denominated note payable owed to JBS as a component of Accumulated other comprehensive loss in the Consolidated Balance Sheet. The Company designated this note payable as a hedge of its net investment in Moy Park. This adjustment remains in Accumulated other comprehensive loss as of December 30, 2018 and will be reclassified if the Company disposes of its investment in Moy Park.
Revenue Recognition and Shipping and Handling Costs	Revenue Recognition The vast majority of the Company's revenue is derived from contracts which are based upon a customer ordering its products. While there may be master agreements, the contract is only established when the customer’s order is accepted by the Company. The Company accounts for a contract, which may be verbal or written, when it is approved and committed by both parties, the rights of the parties are identified along with payment terms, the contract has commercial substance and collectability is probable. The Company evaluates the transaction for distinct performance obligations, which are the sale of its products to customers. Since its products are commodity market-priced, the sales price is representative of the observable, standalone selling price. Each performance obligation is recognized based upon a pattern of recognition that reflects the transfer of control to the customer at a point in time, which is upon destination (customer location or port of destination), and faithfully depicts the transfer of control and recognition of revenue. There are instances of customer pick-up at the Company's facilities, in which case control transfers to the customer at that point and the Company recognizes revenue. The Company's performance obligations are typically fulfilled within days to weeks of the acceptance of the order. The Company makes judgments regarding the nature, amount, timing and uncertainty of revenue and cash flows arising from revenue and cash flows with customers. Determination of a contract requires evaluation and judgment along with the estimation of the total contract value and if any of the contract value is constrained. Due to the nature of our business, there is minimal variable consideration, as the contract is established at the acceptance of the order from the customer. When applicable, variable consideration is estimated at contract inception and updated on a regular basis until the contract is completed. Allocating the transaction price to a specific performance obligation based upon the relative standalone selling prices includes estimating the standalone selling prices including discounts and variable consideration. Shipping and Handling Costs In the rare case when shipping and handling activities are performed after a customer obtains control of the good, the Company has elected to account for shipping and handling as activities to fulfill the promise to transfer the good. When revenue is recognized for the related good before the shipping and handling activities occur, the related costs of those shipping and handling activities are accrued. Shipping and handling costs are recorded within cost of sales.
Advertising Costs	Advertising Costs The Company expenses advertising costs as incurred. Advertising costs are included in selling, general and administrative (“SG&A”) expense
Research and Development Costs	Research and Development Costs Research and development costs are expensed as incurred.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers highly liquid investments with a maturity of three months or less when acquired to be cash equivalents. The majority of the Company’s disbursement bank accounts are zero balance accounts where cash needs are funded as checks are presented for payment by the holder. Checks issued pending clearance that result in overdraft balances for accounting purposes are classified as accounts payable and the change in the related balance is reflected in operating activities on the Consolidated and Combined Statements of Cash Flows.
Restricted Cash	Restricted Cash The Company is required to maintain cash balances with a broker as collateral for exchange traded futures contracts. These balances are classified as restricted cash as they are not available for use by the Company to fund daily operations. The balance of restricted cash may also include investments in U.S. Treasury Bills that qualify as cash equivalents, as required by the broker, to offset the obligation to return cash collateral.
Investments	Investments The Company’s current investments are all highly liquid investments with a maturity of three months or less when acquired and are, therefore, considered cash equivalents. The Company’s current investments are comprised of fixed income securities, primarily commercial paper and a money market fund. These investments are classified as available-for-sale. These securities are recorded at fair value, and unrealized holding gains and losses are recorded, net of tax, as a separate component of accumulated other comprehensive income. Investments in fixed income securities with remaining maturities of less than one year and those identified by management at the time of purchase for funding operations in less than one year are classified as current assets. Investments in fixed income securities with remaining maturities in excess of one year that management has not identified at the time of purchase for funding operations in less than one year are classified as long-term assets. Unrealized losses are charged against net earnings when a decline in fair value is determined to be other than temporary. Management reviews several factors to determine whether a loss is other than temporary, such as the length of time a security is in an unrealized loss position, the extent to which fair value is less than amortized cost, the impact of changing interest rates in the short and long term, and the Company’s intent and ability to hold the security for a period of time sufficient to allow for any anticipated recovery in fair value. The Company determines the cost of each security sold and each amount reclassified out of accumulated other comprehensive income into earnings using the specific identification method. Purchases and sales are recorded on a settlement date basis. Investments in entities in which the Company has an ownership interest greater than 50% and exercises control over the entity are consolidated in the Consolidated and Combined Financial Statements. Investments in entities in which the Company has an ownership interest between 20% and 50% and exercises significant influence are accounted for using the equity method. The Company invests from time to time in ventures in which its ownership interest is less than 20% and over which it does not exercise significant influence. Such investments are accounted for under the cost method. The fair values for investments not traded on a quoted exchange are estimated based upon the historical performance of the ventures, the ventures’ forecasted financial performance and management’s evaluation of the ventures’ viability and business models. To the extent the book value of an investment exceeds its assessed fair value, the Company will record an appropriate impairment charge.
Accounts Receivable	Accounts Receivable The Company records accounts receivable when revenue is recognized. We record an allowance for doubtful accounts, reducing our receivables balance to an amount we estimate is collectible from our customers. Estimates used in determining the allowance for doubtful accounts are based on historical collection experience, current trends, aging of accounts receivable, and periodic credit evaluations of our customers’ financial condition. We write off accounts receivable when it becomes apparent, based upon age or customer circumstances, that such amounts will not be collected. Generally, the Company does not require collateral for its accounts receivable.
Inventories	Inventories Live chicken inventories are stated at the lower of cost or net realizable value and breeder hen inventories at the lower of cost, less accumulated amortization, or net realizable value. The costs associated with breeder hen inventories are accumulated up to the production stage and amortized over their productive lives using the unit-of-production method. Finished poultry products, feed, eggs and other inventories are stated at the lower of cost (average) or net realizable value. We record valuation adjustments for our inventory and for estimated obsolescence at or equal to the difference between the cost of inventory and the estimated market value based upon known conditions affecting inventory, including significantly aged products, discontinued product lines, or damaged or obsolete products. We allocate meat costs between our various finished chicken products based on a by-product costing technique that reduces the cost of the whole bird by estimated yields and amounts to be recovered for certain by-product parts. This primarily includes leg quarters, wings, tenders and offal, which are carried in inventory at the estimated recovery amounts, with the remaining amount being reflected as our breast meat cost. Generally, the Company performs an evaluation of whether any lower of cost or net realizable value adjustments are required at the country level based on a number of factors, including: (i) pools of related inventory, (ii) product continuation or discontinuation, (iii) estimated market selling prices and (iv) expected distribution channels. If actual market conditions or other factors are less favorable than those projected by management, additional inventory adjustments may be required.
Property, Plant and Equipment	Property, Plant and Equipment Property, plant and equipment are stated at cost, and repair and maintenance costs are expensed as incurred. Depreciation is computed using the straight-line method over the estimated useful lives of these assets. Estimated useful lives for building, machinery and equipment are five to 33 years and for automobiles and trucks are three to ten years. The charge to income resulting from amortization of assets recorded under capital leases is included with depreciation expense. The Company records impairment charges on long-lived assets held for use when events and circumstances indicate that the assets may be impaired and the undiscounted cash flows estimated to be generated by those assets are less than the carrying amount of those assets. When the above is true, the impairment charge is determined based upon the amount the net book value of the assets exceeds their fair market value. In making these determinations, the Company utilizes certain assumptions, including, but not limited to: (i) future cash flows estimated to be generated by these assets, which are based on additional assumptions such as asset utilization, remaining length of service and estimated salvage values, (ii) estimated fair market value of the assets and (iii) determinations with respect to the lowest level of cash flows relevant to the respective impairment test, generally groupings of related operational facilities. Given the interdependency of the Company’s individual facilities during the production process, which operate as a vertically integrated network, it evaluates impairment of assets held for use at the country level (i.e., the U.S. and Mexico). Management believes this is the lowest level of identifiable cash flows for its assets that are held for use in production activities. At the present time, the Company’s forecasts indicate that it can recover the carrying value of its assets held for use based on the projected undiscounted cash flows of the operations. The Company records impairment charges on long-lived assets held for sale when the carrying amount of those assets exceeds their fair value less appropriate selling costs. Fair value is based on amounts documented in sales contracts or letters of intent accepted by the Company, amounts included in counteroffers initiated by the Company, or, in the absence of current contract negotiations, amounts determined using a sales comparison approach for real property and amounts determined using a cost approach for personal property. Under the sales comparison approach, sales and asking prices of reasonably comparable properties are considered to develop a range of unit prices within which the current real estate market is operating. Under the cost approach, a current cost to replace the asset new is calculated and then the estimated replacement cost is reduced to reflect the applicable decline in value resulting from physical deterioration, functional obsolescence and economic obsolescence. Appropriate selling costs includes reasonable broker’s commissions, costs to produce title documents, filing fees, legal expenses and the like. We estimate appropriate closing costs as 4% to 6% of asset fair value. This range of rates is considered reasonable for our assets held for sale based on historical experience.
Goodwill and Other Intangibles, net	Goodwill and Other Intangibles, net Goodwill represents the excess of the aggregate purchase price over the fair value of the net identifiable assets acquired in a business combination. Identified intangible assets represent trade names, customer relationships and non-compete agreements arising from acquisitions that are recorded at fair value as of the date acquired less accumulated amortization, if any. The Company uses various market valuation techniques to determine the fair value of its identified intangible assets. Goodwill and other intangible assets with indefinite lives are not amortized but are tested for impairment on an annual basis in the fourth quarter of each fiscal year or more frequently if impairment indicators arise. For goodwill, an impairment loss is recognized for any excess of the carrying amount of a reporting unit’s goodwill over the implied fair value of that goodwill. Management first reviews relevant qualitative factors to determine if an indication of impairment exists for a reporting unit. If management determines there is an indication that the carrying amount of reporting unit goodwill might be impaired, a quantitative analysis is performed. Management performed a qualitative analysis noting no indications of goodwill impairment in any of its reporting units as of December 30, 2018 . For indefinite-lived intangible assets, an impairment loss is recognized if the carrying amount of an indefinite-lived intangible asset exceeds the estimated fair value of that intangible asset. Management first reviews relevant qualitative factors to determine if an indication of impairment exists. If management determines there is an indication that the carrying amount of the intangible asset might be impaired, a quantitative analysis is performed. Management performed a qualitative analysis noting no indications of impairment for any of its indefinite-lived intangible assets as of December 30, 2018 . Identifiable intangible assets with definite lives, such as customer relationships, non-compete agreements and trade names that the Company expects to use for a limited amount of time, are amortized over their estimated useful lives on a straight-line basis. The useful lives range from three to 20 years for trade names and non-compete agreements and 5 to 16 years for customer relationships. Identified intangible assets with definite lives are tested for recoverability whenever events or changes in circumstances indicate that their carrying amount may not be recoverable. Management assessed if events or changes in circumstances indicated that the aggregate carrying amount of its identified intangible assets with definite lives might not be recoverable and determined that there were no impairment indicators during the fifty-two weeks ended December 30, 2018 and fifty-three weeks ended December 31, 2017 .
Book Overdraft Balances	Book Overdraft Balances The majority of the Company’s disbursement bank accounts are zero balance accounts where cash needs are funded as checks are presented for payment by the holder. Checks issued pending clearance that result in overdraft balances for accounting purposes are classified as accounts payable and the change in the related balance is reflected in operating activities on the Consolidated and Combined Statements of Cash Flows.
Litigation and Contingent Liabilities	Litigation and Contingent Liabilities The Company is subject to lawsuits, investigations and other claims related to employment, environmental, product and other matters. The Company is required to assess the likelihood of any adverse judgments or outcomes, as well as potential ranges of probable losses, to these matters. The Company estimates the amount of reserves required for these contingencies when losses are determined to be probable and after considerable analysis of each individual issue. The Company expenses legal costs related to such loss contingencies as they are incurred. The accrual for environmental remediation liabilities is measured on an undiscounted basis. These reserves may change in the future due to changes in the Company’s assumptions, the effectiveness of strategies, or other factors beyond the Company’s control.
Accrued Self Insurance	Accrued Self Insurance Insurance expense for casualty claims and employee-related health care benefits are estimated using historical and current experience and actuarial estimates. Stop-loss coverage is maintained with third-party insurers to limit the Company’s total exposure. Certain categories of claim liabilities are actuarially determined. The assumptions used to arrive at periodic expenses are reviewed regularly by management. However, actual expenses could differ from these estimates and could result in adjustments to be recognized.
Asset Retirement Obligations	Asset Retirement Obligations The Company monitors certain asset retirement obligations in connection with its operations. These obligations relate to clean-up, removal or replacement activities and related costs for “in-place” exposures only when those exposures are moved or modified, such as during renovations of our facilities. These in-place exposures include asbestos, refrigerants, wastewater, oil, lubricants and other contaminants common in manufacturing environments. Under existing regulations, the Company is not required to remove these exposures and there are no plans to undertake a renovation that would require removal of the asbestos or the remediation of the other in-place exposures at this time. The facilities are expected to be maintained and repaired by activities that will not result in the removal or disruption of these in-place exposures at this time. As a result, there is an indeterminate settlement date for these asset retirement obligations because the range of time over which the Company may incur these liabilities is unknown and cannot be reasonably estimated. Therefore, the Company has not recorded the fair value of any potential liability.
Income Taxes	Income Taxes The Company follows provisions under ASC No. 740-10-30-27 in the Expenses-Income Taxes topic with regard to members of a group that file a consolidated tax return but issue separate financial statements. The Company files its own U.S. federal tax return, but it is included in certain state unitary returns with JBS USA Food Company Holdings (“JBS USA Holdings”). The income tax expense of the Company is computed using the separate return method. The provision for income taxes has been determined using the asset and liability approach of accounting for income taxes. For the unitary states, we have an obligation to make tax payments to JBS USA Holdings for our share of the unitary taxable income, which is included in taxes payable in our Consolidated Balance Sheets. Under this approach, deferred income taxes reflect the net tax effect of temporary differences between the book and tax bases of recorded assets and liabilities, net operating losses and tax credit carry forwards. The amount of deferred tax on these temporary differences is determined using the tax rates expected to apply to the period when the asset is realized or the liability is settled, as applicable, based on the tax rates and laws in the respective tax jurisdiction enacted as of the balance sheet date. The Company reviews its deferred tax assets for recoverability and establishes a valuation allowance based on historical taxable income, potential for carry back of tax losses, projected future taxable income, applicable tax strategies, and the expected timing of the reversals of existing temporary differences. A valuation allowance is provided when it is more likely than not that some or all of the deferred tax assets will not be realized. Valuation allowances have been established primarily for net operating loss carry forwards of certain foreign subsidiaries. See “Note 12. Income Taxes” to the Consolidated and Combined Financial Statements. The Company deems its earnings from Mexico, Puerto Rico and the United Kingdom as of December 30, 2018 to be permanently reinvested. As such, U.S. deferred income taxes have not been provided on these earnings. If such earnings were not considered indefinitely reinvested, certain deferred foreign and U.S. income taxes would be provided. See “Note 12. Income Taxes” to the Consolidated and Combined Financial Statements. The Company follows provisions under ASC No. 740-10-25 that provide a recognition threshold and measurement criteria for the financial statement recognition of a tax benefit taken or expected to be taken in a tax return. Tax benefits are recognized only when it is more likely than not, based on the technical merits, that the benefits will be sustained on examination. Tax benefits that meet the more-likely-than-not recognition threshold are measured using a probability weighting of the largest amount of tax benefit that has greater than 50.0% likelihood of being realized upon settlement. Whether the more-likely-than-not recognition threshold is met for a particular tax benefit is a matter of judgment based on the individual facts and circumstances evaluated in light of all available evidence as of the balance sheet date.
Pension and Other Postemployment Benefits	Pension and Other Postemployment Benefits Our pension and other postemployment benefit costs and obligations are dependent on the various actuarial assumptions used in calculating such amounts. These assumptions relate to discount rates, long-term return on plan assets and other factors. We base the discount rate assumptions on current investment yields on high-quality corporate long-term bonds. We determine the long-term return on plan assets based on historical portfolio results and management’s expectation of the future economic environment. Actual results that differ from our assumptions are accumulated and, if in excess of the lesser of 10% of the projected benefit obligation or the fair market value of plan assets, amortized over either (i) the estimated average future service period of active plan participants if the plan is active or (ii) the estimated average future life expectancy of all plan participants if the plan is frozen.
Operating Leases	Operating Leases Rent expense for operating leases is recorded on a straight-line basis over the lease term unless the lease contains an escalation clause which is not fixed or determinable. The lease term begins when we have the right to control the use of the leased property, which is typically before rent payments are due under the terms of the lease. If a lease has a fixed or determinable escalation clause, the difference between rent expense and rent paid is recorded as deferred rent and is included in the Consolidated Balance Sheets. Rent for operating leases that do not have an escalation clause or where escalation is based on an inflation index is expensed over the lease term as it is payable.
Derivative Financial Instruments	Derivative Financial Instruments The Company uses derivative financial instruments (e.g., futures, forwards and options) for the purpose of mitigating exposure to changes in commodity prices and foreign currency exchange rates. • Commodity Price Risk - The Company utilizes various raw materials, which are all considered commodities, in its operations, including corn, soybean meal, soybean oil, wheat, natural gas, electricity and diesel fuel. The Company considers these raw materials to be generally available from a number of different sources and believes it can obtain them to meet its requirements. These commodities are subject to price fluctuations and related price risk due to factors beyond our control, such as economic and political conditions, supply and demand, weather, governmental regulation and other circumstances. Generally, the Company enters into derivative contracts such as physical forward contracts and exchange-traded futures or option contracts in an attempt to mitigate price risk related to its anticipated consumption of commodity inputs for periods up to 12 months. The Company may enter into longer-term derivatives on particular commodities if deemed appropriate. • Foreign Currency Risk - The Company has foreign operations and, therefore, has exposure to foreign exchange risk when the financial results of those operations are translated to US dollars. The Company will occasionally purchase derivative financial instruments such as foreign currency forward contracts in an attempt to mitigate currency exchange rate exposure related to the net assets of its Mexico operations that are denominated in Mexican pesos. The Company’s Moy Park operation also attempts to mitigate foreign currency exposure on certain euro- and U.S. dollar-denominated transactions through the use of derivative financial instruments. Pilgrim’s recognizes all commodity derivative instruments that qualify for derivative accounting treatment as either assets or liabilities and measures those instruments at fair value unless they qualify for, and we elect, the normal purchases and normal sales scope exception (“NPNS”). The permitted accounting treatments include: cash flow hedge; fair value hedge; and undesignated contracts. Undesignated contract accounting is the default accounting treatment for all derivatives unless they qualify, and we specifically designate them, for one of the other accounting treatments. Derivatives designated for any of the elective accounting treatments must meet specific, restrictive criteria both at the time of designation and on an ongoing basis. The Company has generally applied the NPNS exception to its forward physical grain purchase contracts. NPNS contracts are accounted for using the accrual method of accounting; therefore, there were no amounts recorded in the Consolidated and Combined Financial Statements at December 30, 2018 and December 31, 2017 . Undesignated contracts may include contracts not designated as a hedge or for which the NPNS exception was not elected, contracts that do not qualify for hedge accounting and derivatives that do not or no longer qualify for the NPNS scope exception. The fair value of these derivatives is recognized in the Consolidated Balance Sheets within Prepaid expenses and other current assets or Accrued expenses and other current liabilities . Changes in fair value of these derivatives are recognized immediately in the Consolidated and Combined Statements of Income within Net sales , Cost of sales or Selling, general and administrative expense , depending on the risk they are intended to mitigate. While management believes these instruments help mitigate various market risks, they are not designated nor accounted for as hedges as a result of the extensive record keeping requirements.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the U.S. (“U.S. GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. We make significant estimates in regard to receivables collectability; inventory valuation; realization of deferred tax assets; valuation of long-lived assets; valuation of contingent liabilities, liabilities subject to compromise and self-insurance liabilities; valuation of pension and other postretirement benefits obligations; and valuation of acquired businesses.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Adopted in 2018 In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-09, Revenue from Contracts with Customers (Topic 606) , which provides for a single five-step model to be applied to all revenue contracts with customers. The new standard also requires additional financial statement disclosures that will enable users to understand the nature, amount, timing and uncertainty of revenue and cash flows relating to customer contracts. Companies have an option to use either a retrospective approach or cumulative effect adjustment approach to implement the standard. We adopted this standard as of January 1, 2018, the beginning of our 2018 fiscal year, using the cumulative effect adjustment, often referred to as modified retrospective approach. Under this method, we did not restate the prior financial statements presented, and would record any adjustments in the opening balance sheet for January 2018. There was no cumulative effect to be recorded as an adjustment to the opening balance of retained earnings. The comparative information was not restated and continues to be presented under the accounting standards in effect for those periods. Additional disclosures will include the amount by which each financial statement line item is affected in the current reporting period during 2018, as compared to the prior guidance. We expect minimal impact from the adoption of the new standard to the financial statements on a go forward basis, except for expanded disclosures. Revenue is currently recognized at destination and will continue to be recognized at point in time under the new guidance. Additional information regarding revenue recognition is included in “Note 13. Revenue Recognition.” In March 2017, the FASB issued ASU 2017-07, Compensation—Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost , which, in an effort to improve consistency and transparency, requires the service cost component of defined benefit pension cost and postretirement benefit cost (“net benefit cost”) to be reported in the same line of the income statement as other compensation costs earned by the employee and the other components of net benefit cost to be reported below income from operations. We adopted this standard as of January 1, 2018, the beginning of our 2018 fiscal year. The initial adoption of this guidance did not have a material impact on our financial statements. Recent Accounting Pronouncements Not Yet Adopted as of December 30, 2018 In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) , along with several updates, which, in an effort to increase transparency and comparability among organizations utilizing leasing, requires an entity that is a lessee to recognize the assets and liabilities arising from operating leases on the balance sheet. This guidance also requires disclosures about the amount, timing and uncertainty of cash flows arising from leases. In transition, the entity may elect to recognize and measure leases at the beginning of the earliest period presented using a modified retrospective approach or the beginning of the period of adoption using a cumulative-effect adjustment approach. The provisions of the new guidance will be effective as of the beginning of our 2019 fiscal year. We will adopt the new standard as of December 31, 2018, the beginning of our 2019 fiscal year and recognize and measure leases at the beginning of the period of adoption. We will elect the package of practical expedients available under the transition guidance which, among other things, allows the carry-forward of historical lease classification. We will make an accounting policy election to not apply the new guidance to leases with a term of 12 months or less and will recognize those payments in the Consolidated Statement of Income on a straight-line basis over the lease term. We have implemented a system solution for administering our leases and facilitating compliance with the new guidance. Adoption of the standard will have a material impact on our Consolidated Balance Sheet as a result of the increase in assets and liabilities from recognition of right-of-use assets and lease liabilities. However, we do not believe the standard will have a material impact on our Consolidated Statement of Income. In June 2016, the FASB issued ASU 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments , which, in an effort to provide financial statement users with more decision-useful information about the expected credit losses on financial instruments, replaces the current incurred loss impairment methodology with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. The amendments affect loans, debt securities, trade receivables, net investments in leases, off-balance sheet credit exposures, reinsurance receivables and any other financial assets not excluded from the scope that have the contractual right to receive cash. The provisions of the new guidance will be effective as of the beginning of our 2020 fiscal year. Early adoption is permitted after our 2018 fiscal year. We are currently evaluating the impact of the new guidance on our financial statements and have not yet selected an adoption date. In August 2017, the FASB issued ASU 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities , an accounting standard update that simplifies the application of hedge accounting guidance in current GAAP and improves the reporting of hedging relationships to better portray the economic results of an entity’s risk management activities in its financial statements. Among the simplification updates, the standard eliminates the requirement in current GAAP to separately recognize periodic hedge ineffectiveness. Mismatches between the changes in value of the hedged item and hedging instrument may still occur but they will no longer be separately reported. The standard requires the presentation of the earnings effect of the hedging instrument in the same income statement line item in which the earnings effect of the hedged item is reported. The standard is effective for annual and interim reporting periods beginning after December 15, 2018, but early adoption is permitted. We have elected to adopt this standard as of December 31, 2018, the beginning of our 2019 fiscal year. We do not expect the initial adoption of this guidance did not have a material impact on our financial statements. In February 2018, the FASB issued ASU 2018-02, Income Statement—Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income , an accounting standard update that allows a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the U.S. Tax Cuts and Jobs Act. The Company will need to decide whether to reclassify the stranded tax effects associated with the U.S. Tax Cuts and Jobs Act from accumulated other comprehensive income to retained earnings. If the Company chooses to reclassify we will need to calculate the amount of the reclassification and prepare the related disclosures. We have elected to adopt this standard as of December 31, 2018, the beginning of our 2019 fiscal year. We do not expect the initial adoption of this guidance did not have a material impact on our financial statements. In July 2018, the FASB issued ASU 2018-07, Compensation—Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting , an accounting standard update to improve non-employee share-based payment accounting. The accounting standard update more closely aligns the accounting for employee and non-employee share based payments. The accounting standards update is effective as of the beginning of our 2019 calendar year with early adoption permitted. We have elected to adopt this standard as of December 31, 2018, the beginning of our 2019 fiscal year. We do not expect the initial adoption of this guidance did not have a material impact on our financial statements. In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement , new accounting guidance to improve the effectiveness of disclosures related to fair value measurements. The new guidance removes certain disclosure requirements related to transfers between Level 1 and Level 2 of the fair value hierarchy along with the policy for timing of transfers between levels and the valuation processes for Level 3 fair value measurements. Additions to the disclosure requirements include more quantitative information related to significant unobservable inputs used in Level 3 fair value measurements and gains and losses included in other comprehensive income. The new guidance will be effective as of our 2020 fiscal year with early adoption permitted. We are currently evaluating the impact of the new guidance on our financial statements and have not yet selected an adoption date. In August 2018, the FASB issued ASU 2018-14, Compensation—Retirement Benefits—Defined Benefit Plans—General (Subtopic 715-20): Disclosure Framework—Changes to the Disclosure Requirements for Defined Benefit Plans , new accounting guidance to improve the effectiveness of disclosures related to defined benefit plans by eliminating certain required disclosures, clarifying existing disclosures, and adding new disclosures. Changes include removing disclosures related to the amounts in accumulated other comprehensive income expected to be recognized in the next fiscal year, adding narrative disclosure of the reasons for significant gains and losses related to changes in the defined benefit obligation, and clarifying the disclosures required for plans with projected and accumulated benefit obligations in excess of plan assets. The new guidance will be effective as of our 2020 fiscal year with early adoption permitted. We are currently evaluating the impact of the new guidance on our financial statements and have not yet selected an adoption date.

BUSINESS AND SUMMARY OF SIGNI_3

BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Adjustment Resulting from Adoption of FASB Guidance	We made the following reclassification to the Consolidated Balance Sheet presented as of December 31, 2017 in order to conform to the Consolidated Balance Sheet presented as of December 30, 2018 : December 31, 2017 As Presented in 2017 Annual Report on Form 10-K Adjustment Resulting from Adoption of FASB Guidance As Presented in the Consolidated (In thousands) Accounts payable $ 762,444 $ (29,417 ) $ 733,027 Accrued expense and other current liabilities 417,342 (7,190 ) 410,152 Revenue contract liability — 36,607 36,607
Schedule of Cash, Cash Equivalents and Restricted Cash	The following table reconciles cash, cash equivalents and restricted cash as reported in the Consolidated Balance Sheets to the total of the same amounts shown in the Consolidated and Combined Statements of Cash Flows: December 30, 2018 December 31, 2017 (In thousands) Cash and cash equivalents $ 338,386 $ 581,510 Restricted cash 23,192 8,021 Total cash, cash equivalents and restricted cash shown in the Consolidated and Combined Statements of Cash Flows $ 361,578 $ 589,531

BUSINESS ACQUISITIONS (Tables)

BUSINESS ACQUISITIONS (Tables)	12 Months Ended
	Dec. 30, 2018
Business Combinations [Abstract]
Pro Forma Information	The following unaudited pro forma information presents the combined financial results for the Company, Moy Park and GNP as if the acquisitions had been completed at the beginning of 2016 . 2018 2017 2016 (In thousands, except per share amounts) Net sales $ 10,937,784 $ 10,773,662 $ 10,311,325 Net income attributable to Pilgrim's Pride Corporation 236,026 664,776 388,188 Net income attributable to Pilgrim's Pride Corporation 0.95 2.67 1.53 The following table summarizes the results of operations of Moy Park since the September 30, 2015 common-control date: Net Sales Net Income (In thousands) 2018 $ 2,148,666 $ 52,072 September 8, 2017 through December 31, 2017 722,387 34,039 December 26, 2016 through September 7, 2017 1,273,932 23,486 2016 1,947,441 40,388 2015 572,568 17,010
Consideration Paid	The following table summarizes the consideration paid for GNP (in thousands): Negotiated sales price $ 350,000 Working capital adjustment 7,252 Preliminary purchase price $ 357,252
Fair Values for Assets Acquired and Liabilities Assumed	The fair values recorded for the assets acquired and liabilities assumed for GNP are as follows (in thousands): Cash and cash equivalents $ 10 Trade accounts and other receivables 18,453 Inventories 56,459 Prepaid expenses and other current assets 3,414 Property, plant and equipment 144,138 Identifiable intangible assets 131,120 Other long-lived assets 829 Total assets acquired 354,423 Accounts payable 23,848 Other current liabilities 11,866 Other long-term liabilities 3,393 Total liabilities assumed 39,107 Total identifiable net assets 315,316 Goodwill 41,936 Total net assets $ 357,252
Acquired Finite-Lived Intangible Assets	The Company recognized certain identifiable intangible assets as of January 6, 2017 due to this acquisition. The following table presents the fair values and useful lives, where applicable, of these assets: Fair Value Useful Life (In thousands) (In years) Customer relationships $ 92,900 13.0 Trade names 38,200 20.0 Non-compete agreement 20 3.0 Total fair value $ 131,120 Weighted average useful life 15.2

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
	Dec. 30, 2018
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities Measured on a Recurring Basis	The following items were measured at fair value on a recurring basis: December 30, 2018 Level 1 Level 2 Level 3 Total (In thousands) Fair value assets: Commodity futures instruments $ 2,244 $ — $ — $ 2,244 Commodity options instruments — — — — Foreign currency instruments 1,311 — — 1,311 Fair value liabilities: Commodity futures instruments (1,479 ) — — (1,479 ) Commodity options instruments (3,312 ) — — (3,312 ) Foreign currency instruments (6,649 ) — — (6,649 ) December 31, 2017 Level 1 Level 2 Level 3 Total (In thousands) Fair value assets: Commodity futures instruments $ 301 $ — $ — $ 301 Commodity options instruments 421 — — 421 Foreign currency instruments 45 — — 45 Fair value liabilities: Commodity futures instruments (296 ) — — (296 ) Commodity option instruments (3,551 ) — — (3,551 ) Foreign currency instruments (211 ) — — (211 )
Schedule of Carrying Amounts and Estimated Fair Values of Fixed-Rate Debt Obligation	The carrying amounts and estimated fair values of our fixed-rate debt obligation recorded in the Consolidated Balance Sheets consisted of the following: December 30, 2018 December 31, 2017 Carrying Fair Carrying Fair (In thousands) Fixed-rate senior notes payable at 5.75%, at Level 1 inputs $ (1,002,497 ) $ (937,300 ) $ (750,000 ) $ (774,375 ) Fixed-rate senior notes payable at 5.875%, at Level 1 inputs (843,717 ) (768,188 ) (604,820 ) (619,080 ) Fixed-rate senior notes payable at 6.25%, at Level 1 inputs — — (403,444 ) (418,787 ) Secured loans, at Level 3 inputs (319 ) (319 ) (873 ) (855 )

TRADE ACCOUNTS AND OTHER RECE_2

TRADE ACCOUNTS AND OTHER RECEIVABLES (Tables)	12 Months Ended
	Dec. 30, 2018
Accounts Receivable, Net [Abstract]
Schedule of Trade Accounts and Other Receivables	Trade accounts and other receivables (including accounts receivable from related parties), less allowance for doubtful accounts, consisted of the following: December 30, 2018 December 31, 2017 (In thousands) Trade accounts receivable $ 533,645 $ 548,472 Notes receivable - current 4,630 5,130 Other receivables 31,331 20,021 Receivables, gross 569,606 573,623 Allowance for doubtful accounts (8,057 ) (8,145 ) Receivables, net $ 561,549 $ 565,478 Accounts receivable from related parties (a) $ 1,331 $ 2,951 (a) Additional information regarding accounts receivable from related parties is included in “Note 19. Related Party Transactions.” Changes in the allowance for doubtful accounts were as follows: Total (In thousands) Balance at December 31, 2017 $ (8,145 ) Provision charged to operating results (1,633 ) Account write-offs and recoveries 1,682 Effect of exchange rate 39 Balance at December 30, 2018 $ (8,057 )

INVENTORIES (Tables)

INVENTORIES (Tables)	12 Months Ended
	Dec. 30, 2018
Inventory Disclosure [Abstract]
Schedule of Inventories	Inventories consisted of the following: December 30, 2018 December 31, 2017 (In thousands) Raw materials and work-in-process $ 747,801 $ 722,083 Finished products (a) 317,410 444,796 Operating supplies 43,825 35,442 Maintenance materials and parts 50,483 52,749 Total inventories $ 1,159,519 $ 1,255,070 (a) Finished products contains a $54.4 million reclassification related to both in-transit and non-chicken finished products that were previously presented in Feed, eggs and other on our annual report on Form 10-K for the year ended December 31, 2017 to conform to the inventories presented as of December 30, 2018.

INVESTMENTS IN SECURITIES (Tabl

INVESTMENTS IN SECURITIES (Tables)	12 Months Ended
	Dec. 30, 2018
Investments, Debt and Equity Securities [Abstract]
Schedule of Available-For-Sale Securities	The following table summarizes our investments in available-for-sale securities: December 30, 2018 December 31, 2017 Fair Fair (In thousands) Cash equivalents: Fixed income securities $ 135,286 $ 135,286 $ 330,456 $ 330,456 Other 67,474 67,474 942 942

DERIVATIVE FINANCIAL INSTRUME_2

DERIVATIVE FINANCIAL INSTRUMENTS (Tables)	12 Months Ended
	Dec. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Outstanding Derivative Instruments and Cash Collateral	Information regarding the Company’s outstanding derivative instruments and cash collateral posted with brokers is included in the following table: December 30, 2018 December 31, 2017 (Fair values in thousands) Fair values: Commodity derivative assets $ 2,263 $ 722 Commodity derivative liabilities (4,791 ) (3,847 ) Foreign currency derivative assets 1,311 45 Foreign currency derivative liabilities (6,649 ) (211 ) Cash collateral posted with brokers (a) 23,192 8,021 Derivatives Coverage (b) : Corn 6.0 % 3.1 % Soybean meal 6.0 % 1.7 % Period through which stated percent of needs are covered: Corn March 2020 March 2019 Soybean meal December 2019 December 2018 (a) Collateral posted with brokers consists primarily of cash, short term treasury bills, or other cash equivalents. (b) Derivatives coverage is the percent of anticipated commodity needs covered by outstanding derivative instruments through a specified date.
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)	The following tables present the components of the gain or loss on derivatives that qualify as cash flow hedges: Gain (Loss) Recognized in Other Comprehensive Income on Derivative (Effective Portion) December 30, 2018 December 31, 2017 December 25, 2016 (In thousands) Foreign currency derivatives $ 829 $ 60 $ (152 ) Total $ 829 $ 60 $ (152 ) Net Realized Gain (Loss) Recognized in Income on Derivative (Ineffective Portion) December 30, 2018 December 31, 2017 December 25, 2016 (In thousands) Foreign currency derivatives $ — $ — $ — Total $ — $ — $ — Gain (Loss) Reclassified from AOCI into Income (Effective Portion) December 30, 2018 December 31, 2017 December 25, 2016 (In thousands) Foreign currency derivatives $ (348 ) $ 639 $ (310 ) Total $ (348 ) $ 639 $ (310 )

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Tables)	12 Months Ended
	Dec. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill by Segment	The activity in goodwill by segment for the years ended December 30, 2018 and December 31, 2017 were as follows: December 31, 2017 Additions Other Currency Translation December 30, 2018 (In thousands) U.S. $ 41,936 $ — $ — $ — $ 41,936 U.K. and Europe 834,346 — (1,156 ) (50,983 ) 782,207 Mexico 125,607 — — — 125,607 Total $ 1,001,889 $ — $ (1,156 ) $ (50,983 ) $ 949,750 December 25, 2016 Additions Other Currency Translation December 31, 2017 (In thousands) U.S. $ — $ 41,936 $ — $ — $ 41,936 U.K. and Europe 761,614 — — 72,732 834,346 Mexico 125,607 — — — 125,607 Total $ 887,221 $ 41,936 $ — $ 72,732 $ 1,001,889
Schedule of Intangible Assets	Identified intangible assets consisted of the following: December 31, 2017 Additions Amortization Currency Translation Reclassification December 30, 2018 (In thousands) Carrying amount: Trade names $ 79,686 $ — $ — $ — $ (1,343 ) $ 78,343 Customer relationships 251,952 — — (5,589 ) 1,343 247,706 Non-compete agreements 320 — — — — 320 Trade names not subject to amortization 403,594 — — (23,527 ) — 380,067 Accumulated amortization: Trade names (40,888 ) — (3,287 ) — 623 (43,552 ) Customer relationships (77,194 ) — (22,441 ) 1,817 (623 ) (98,441 ) Non-compete agreements (307 ) — (8 ) — — (315 ) Total $ 617,163 $ — $ (25,736 ) $ (27,299 ) $ — $ 564,128 December 25, 2016 Additions Amortization Currency Translation Reclassification December 31, 2017 (In thousands) Carrying amount: Trade names $ 41,369 $ 38,200 $ — $ 117 $ — $ 79,686 Customer relationships 151,147 92,900 — 7,905 — 251,952 Non-compete agreements 300 20 — — — 320 Trade names not subject to amortization 369,258 — — 34,336 — 403,594 Accumulated amortization: Trade names (37,128 ) — (3,808 ) 48 — (40,888 ) Customer relationships (53,055 ) — (22,571 ) (1,568 ) — (77,194 ) Non-compete agreements (300 ) — (7 ) — — (307 ) Total $ 471,591 $ 131,120 $ (26,386 ) $ 40,838 $ — $ 617,163 Intangible assets are amortized over the estimated useful lives of the assets as follows: Customer relationships 5-16 years Trade names 3-20 years Non-compete agreements 3 years

PROPERTY, PLANT AND EQUIPMENT (

PROPERTY, PLANT AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 30, 2018
Property, Plant and Equipment [Abstract]
Schedule of Property, Plant and Equipment	Property, plant and equipment (“PP&E”), net consisted of the following: December 30, 2018 December 31, 2017 (In thousands) Land $ 196,769 $ 205,087 Buildings 1,697,703 1,681,610 Machinery and equipment 2,618,213 2,533,522 Autos and trucks 59,195 58,159 Construction-in-progress 269,166 187,094 PP&E, gross 4,841,046 4,665,472 Accumulated depreciation (2,679,344 ) (2,570,325 ) PP&E, net $ 2,161,702 $ 2,095,147

CURRENT LIABILITIES (Tables)

CURRENT LIABILITIES (Tables)	12 Months Ended
	Dec. 30, 2018
Payables and Accruals [Abstract]
Schedule of Current Liabilities	Current liabilities, other than income taxes and current maturities of long-term debt, consisted of the following components: December 30, 2018 December 31, 2017 (In thousands) Accounts payable: Trade accounts $ 744,105 $ 661,759 Book overdrafts 69,475 56,022 Other payables 16,479 15,246 Total accounts payable 830,059 733,027 Accounts payable to related parties (a) 7,269 2,889 Revenue contract liability (b) 33,328 36,607 Accrued expenses and other current liabilities: Compensation and benefits 149,507 181,678 Interest and debt-related fees 33,596 29,750 Insurance and self-insured claims 80,990 79,911 Derivative liabilities: Commodity futures 1,479 296 Commodity options 3,312 3,551 Foreign currency derivatives 6,649 211 Other accrued expenses 111,408 114,755 Total accrued expenses and other current liabilities 386,941 410,152 Total current liabilities $ 1,257,597 $ 1,182,675 (a) Additional information regarding accounts payable to related parties is included in “Note 19. Related Party Transactions.” (b) Additional information regarding revenue contract liabilities is included in “Note 13. Revenue Recognition.”

LONG-TERM DEBT AND OTHER BORR_2

LONG-TERM DEBT AND OTHER BORROWING ARRANGEMENTS (Tables)	12 Months Ended
	Dec. 30, 2018
Debt Disclosure [Abstract]
Schedule of Long-term Debt	Long-term debt consisted of the following components: Maturity December 30, 2018 December 31, 2017 Long-term debt and other long-term borrowing arrangements: (In thousands) Senior notes payable, net of premium and discount at 5.75% 2025 $ 1,002,497 $ 754,820 Senior notes payable, net of discount at 5.875% 2027 843,717 600,000 Senior notes payable at 6.25% 2021 — 403,444 U.S. Credit Facility (defined below): Term note payable at 3.65% 2023 500,000 780,000 Revolving note payable at 5.25% 2023 — 73,262 2016 Mexico Credit Facility (defined below) with notes payable at 2019 — 76,307 Moy Park France Invoice Discounting Revolver with payables at 2019 2,277 1,815 Moy Park Credit Agricole Bank Overdraft with notes payable at On Demand 88 — Moy Park Multicurrency Revolving Facility with notes payable at 2018 — 9,590 Moy Park Bank of Ireland Revolving Facility with notes payable at 2023 — — Secured loans with payables at weighted average of 3.73% Various 319 873 Capital lease obligations Various 3,707 9,239 Long-term debt 2,352,605 2,709,350 Less: Current maturities of long-term debt (30,405 ) (47,775 ) Long-term debt, less current maturities 2,322,200 2,661,575 Less: Capitalized financing costs (27,010 ) (25,958 ) Long-term debt, less current maturities, net of capitalized $ 2,295,190 $ 2,635,617

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 30, 2018
Income Tax Disclosure [Abstract]
Income Before Income Taxes by Jurisdiction	Income before income taxes by jurisdiction is as follows: 2018 2017 2016 (In thousands) U.S. $ 175,805 $ 773,160 $ 532,853 Foreign 156,422 208,906 191,183 Total $ 332,227 $ 982,066 $ 724,036
Components of Income Tax Expense (Benefit)	The components of income tax expense (benefit) are set forth below: 2018 2017 2016 (In thousands) Current: Federal $ 8,835 $ 213,146 $ 165,989 Foreign 45,311 65,100 62,753 State and other (1,263 ) 35,614 20,211 Total current 52,883 313,860 248,953 Deferred: Federal 41,104 (19,434 ) (3,529 ) Foreign (17,160 ) (34,264 ) (2,490 ) State and other 8,596 3,737 985 Total deferred 32,540 (49,961 ) (5,034 ) $ 85,423 $ 263,899 $ 243,919
Schedule of Income Tax Reconciliation	The following table reconciles the statutory U.S. federal income tax rate to the Company’s effective income tax rate: 2018 2017 2016 Federal income tax rate 21.0 % 35.0 % 35.0 % State tax rate, net 3.6 2.6 2.2 One-time transition tax 7.9 — — Permanent items 1.4 — 0.8 Domestic production activity — (1.6 ) (1.2 ) Difference in U.S. statutory tax rate and foreign country effective tax rate 2.3 (1.4 ) (2.8 ) Rate change (2.5 ) (5.3 ) — Tax credits (7.9 ) (0.5 ) (0.6 ) Change in reserve for unrecognized tax benefits (1.7 ) (0.7 ) (0.2 ) Change in valuation allowance 2.7 (1.2 ) (0.1 ) Other (1.1 ) — 0.6 Total 25.7 % 26.9 % 33.7 %
Schedule of Deferred Tax Assets and Liabilities	Significant components of the Company’s deferred tax liabilities and assets are as follows: December 30, 2018 December 31, 2017 (In thousands) Deferred tax liabilities: PP&E and identified intangible assets $ 217,353 $ 213,500 Inventories 69,464 57,641 Insurance claims and losses 29,964 29,253 Business combinations 46,779 50,695 Other 23,434 18,519 Total deferred tax liabilities 386,994 369,608 Deferred tax assets: Net operating losses 2,923 3,276 Foreign net operating losses 38,531 26,934 Credit carry forwards 14,461 2,425 Allowance for doubtful accounts 6,788 1,767 Deferred revenue 1,860 — Accrued liabilities 52,181 50,389 Workers compensation — 26,119 Pension and other postretirement benefits — 13,379 Other 63,227 51,306 Total deferred tax assets 179,971 175,595 Valuation allowance (26,150 ) (14,479 ) Net deferred tax assets 153,821 161,116 Net deferred tax liabilities $ 233,173 $ 208,492
Schedule of Unrecognized Tax Benefits	A reconciliation of the beginning and ending amounts of unrecognized tax benefits is as follows: December 30, 2018 December 31, 2017 (In thousands) Unrecognized tax benefits, beginning of year $ 11,866 $ 16,813 Increase as a result of tax positions taken during the current year 261 1,163 Increase as a result of tax positions taken during prior years 1,152 60 Decrease as a result of tax positions taken during prior years — (892 ) Decrease for lapse in statute of limitations (867 ) (4,123 ) Decrease relating to settlements with taxing authorities — (1,155 ) Unrecognized tax benefits, end of year $ 12,412 $ 11,866

REVENUE RECOGNITION (Tables)

REVENUE RECOGNITION (Tables)	12 Months Ended
	Dec. 30, 2018
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregated Revenue	Revenue has been disaggregated into the categories below to show how economic factors affect the nature, amount, timing and uncertainty of revenue and cash flows. Fifty-Two Weeks Ended December 30, 2018 Domestic Export Net Sales (In thousands) U.S. $ 7,166,929 $ 258,732 $ 7,425,661 U.K. and Europe 1,844,745 303,921 2,148,666 Mexico 1,363,457 — 1,363,457 Net Sales $ 10,375,131 $ 562,653 $ 10,937,784
Changes in Revenue Contract Liability	Changes in the revenue contract liability balances during the fifty-two weeks ended December 30, 2018 are as follows (in thousands): Balance, beginning of period $ 36,607 Revenue recognized (59,332 ) Cash received, excluding amounts recognized as revenue during the period 56,053 Balance, end of period $ 33,328

PENSION AND OTHER POSTRETIREM_2

PENSION AND OTHER POSTRETIREMENT BENEFITS (Tables)	12 Months Ended
	Dec. 30, 2018
Defined Benefit Plan [Abstract]
Schedule of Defined Benefit Plan Obligations and Assets	The change in benefit obligation, change in fair value of plan assets, funded status and amounts recognized in the Consolidated Balance Sheets for these plans were as follows: Pension Benefits Other Benefits 2018 2017 2018 2017 Change in projected benefit obligation: (In thousands) Projected benefit obligation, beginning of year $ 178,247 $ 167,159 $ 1,603 $ 1,648 Interest cost 5,463 5,571 46 51 Actuarial losses (gains) (15,635 ) 15,745 (72 ) 68 Benefits paid (10,456 ) (10,228 ) — — Settlements (a) — — (115 ) (164 ) Projected benefit obligation, end of year $ 157,619 $ 178,247 $ 1,462 $ 1,603 (a) A settlement is a transaction that is an irrevocable action, relieves the employer or the plan of primary responsibility for a pension or postretirement obligation and eliminates significant risks related to the obligation and the assets used to affect the settlement. A settlement can be triggered when a plan pays lump sums totaling more than the sum of the plan’s interest cost and service cost. The Retiree Life Plan met this threshold in 2018 and 2017 . Pension Benefits Other Benefits 2018 2017 2018 2017 Change in plan assets: (In thousands) Fair value of plan assets, beginning of year $ 112,570 $ 97,526 $ — $ — Actual return on plan assets (10,881 ) 12,325 — — Contributions by employer 11,181 12,947 115 164 Benefits paid (10,456 ) (10,228 ) — — Settlements — — (115 ) (164 ) Fair value of plan assets, end of year $ 102,414 $ 112,570 $ — $ — Pension Benefits Other Benefits 2018 2017 2018 2017 Funded status: (In thousands) Unfunded benefit obligation, end of year $ (55,205 ) $ (65,677 ) $ (1,462 ) $ (1,603 ) Pension Benefits Other Benefits 2018 2017 2018 2017 Amounts recognized in the Consolidated Balance Sheets at end of year: (In thousands) Current liability $ (8,267 ) $ (12,168 ) $ (149 ) $ (149 ) Long-term liability (46,938 ) (53,509 ) (1,313 ) (1,454 ) Recognized liability $ (55,205 ) $ (65,677 ) $ (1,462 ) $ (1,603 ) Pension Benefits Other Benefits 2018 2017 2018 2017 Amounts recognized in accumulated other comprehensive loss at end of year: (In thousands) Net actuarial loss (gain) $ 54,343 $ 54,235 $ (34 ) $ 35
Schedule of Net Periodic Benefit Cost (Income)	Net benefit costs include the following components: Pension Benefits Other Benefits 2018 2017 2016 2018 2017 2016 (In thousands) Interest cost $ 5,463 $ 5,571 $ 5,585 $ 46 $ 51 $ 51 Estimated return on plan assets (6,065 ) (5,254 ) (5,256 ) — — — Settlement loss (gain) — — 2,064 (3 ) 2 (2 ) Amortization of net loss 1,203 932 659 — — — Net cost $ 601 $ 1,249 $ 3,052 $ 43 $ 53 $ 49
Schedule of Economic Assumptions, and Impact of Change in Discount Rate on Benefit Obligation	The weighted average assumptions used in determining pension and other postretirement plan information were as follows: Pension Benefits Other Benefits 2018 2017 2016 2018 2017 2016 Benefit obligation: Discount rate 4.40 % 3.69 % 4.31 % 4.07 % 3.39 % 3.81 % Net pension and other postretirement cost: Discount rate 3.69 % 4.32 % 4.47 % 3.39 % 3.81 % 4.47 % Expected return on plan assets 5.50 % 5.50 % 5.50 % NA NA NA The sensitivity of the projected benefit obligation for pension benefits to changes in the discount rate is set out below. The impact of a change in the discount rate of 0.25% on the projected benefit obligation for other benefits is less than $1,000 . This sensitivity analysis is based on changing one assumption while holding all other assumptions constant. In practice, this is unlikely to occur, and changes in some of the assumptions may be correlated. When calculating the sensitivity of the defined benefit obligation to variations in significant actuarial assumptions, the same method (present value of the defined benefit obligation calculated with the projected unit credit method at the end of the reporting period) has been applied as that for calculating the liability recognized in the Consolidated Balance Sheet. Increase in Discount Rate of 0.25% Decrease in Discount Rate of 0.25% (In thousands) Impact on projected benefit obligation for pension benefits $ (3,924 ) $ 4,122
Schedule of Plan Asset Allocations	The following table reflects the pension plans’ actual asset allocations: 2018 2017 Cash and cash equivalents — % 5 % Pooled separate accounts (a) : Equity securities 4 % 5 % Fixed income securities 5 % 4 % Common collective trust funds (a) : Equity securities 45 % 56 % Fixed income securities 41 % 30 % Real estate 5 % — % Total assets 100 % 100 % (a) Pooled separate accounts (“PSAs”) and common collective trust funds (“CCTs”) are two of the most common types of alternative vehicles in which benefit plans invest. These investments are pooled funds that look like mutual funds, but they are not registered with the Securities and Exchange Commission. Often times, they will be invested in mutual funds or other marketable securities, but the unit price generally will be different from the value of the underlying securities because the fund may also hold cash for liquidity purposes, and the fees imposed by the fund are deducted from the fund value rather than charged separately to investors. Some PSAs and CCTs have no restrictions as to their investment strategy and can invest in riskier investments, such as derivatives, hedge funds, private equity funds, or similar investments.
Schedule of Fair Value Assumptions of Plan Assets	The fair value measurements of plan assets fell into the following levels of the fair value hierarchy as of December 30, 2018 and December 31, 2017 : 2018 2017 Level 1 (a) Level 2 (b) Level 3 (c) Total Level 1 (a) Level 2 (b) Level 3 (c) Total (In thousands) Cash and cash equivalents $ 110 $ — $ — $ 110 $ 6,128 $ — $ — $ 6,128 Pooled separate accounts: Large U.S. equity funds (d) — 2,491 — 2,491 — 3,483 — 3,483 Small/Mid U.S. equity funds (e) — 292 — 292 — 420 — 420 International equity funds (f) — 1,489 — 1,489 — 1,665 — 1,665 Fixed income funds (g) — 4,763 — 4,763 — 4,799 — 4,799 Common collective trusts funds: Large U.S. equity funds (d) — 17,351 — 17,351 — 22,695 — 22,695 Small/Mid U.S. equity funds (e) — 5,880 — 5,880 — 20,592 — 20,592 International equity funds (f) — 22,516 — 22,516 — 19,923 — 19,923 Fixed income funds (g) — 42,217 — 42,217 — 32,865 — 32,865 Real estate (h) — 5,305 — 5,305 — — — — Total assets $ 110 $ 102,304 $ — $ 102,414 $ 6,128 $ 106,442 $ — $ 112,570 (a) Unadjusted quoted prices in active markets for identical assets are used to determine fair value. (b) Quoted prices in active markets for similar assets and inputs that are observable for the asset are used to determine fair value. (c) Unobservable inputs, such as discounted cash flow models or valuations, are used to determine fair value. (d) This category is comprised of investment options that invest in stocks, or shares of ownership, in large, well-established U.S. companies. These investment options typically carry more risk than fixed income options but have the potential for higher returns over longer time periods. (e) This category is generally comprised of investment options that invest in stocks, or shares of ownership, in small to medium-sized U.S. companies. These investment options typically carry more risk than larger U.S. equity investment options but have the potential for higher returns. (f) This category is comprised of investment options that invest in stocks, or shares of ownership, in companies with their principal place of business or office outside of the U.S. (g) This category is comprised of investment options that invest in bonds, or debt of a company or government entity (including U.S. and non-U.S. entities). It may also include real estate investment options that directly own property. These investment options typically carry more risk than short-term fixed income investment options (including, for real estate investment options, liquidity risk), but less overall risk than equities. (h) This category is comprised of investment options that invest in real estate investment trusts or private equity pools that own real estate. These long-term investments are primarily in office buildings, industrial parks, apartments or retail complexes. These investment options typically carry more risk, including liquidity risk, than fixed income investment options.
Schedule of Benefit Payments	The following table reflects the benefits as of December 30, 2018 expected to be paid in each of the next five years and in the aggregate for the five years thereafter from our pension and other postretirement plans. Because our pension plans are primarily funded plans, the anticipated benefits with respect to these plans will come primarily from the trusts established for these plans. Because our other postretirement plans are unfunded, the anticipated benefits with respect to these plans will come from our own assets. Pension Benefits Other Benefits (In thousands) 2019 $ 17,972 $ 149 2020 11,526 147 2021 11,200 145 2022 10,891 141 2023 10,627 137 2024-2028 48,429 589 Total $ 110,645 $ 1,308
Schedule of Unrecognized Benefit Amounts	The amounts in accumulated other comprehensive income (loss) that were not recognized as components of net periodic benefits cost and the changes in those amounts are as follows: Pension Benefits Other Benefits 2018 2017 2016 2018 2017 2016 (In thousands) Net actuarial loss (gain), beginning of year $ 54,235 $ 46,494 $ 38,115 $ 35 $ (31 ) $ (79 ) Amortization (1,203 ) (932 ) (659 ) — — — Settlement adjustments — — (2,064 ) 3 (2 ) 2 Actuarial loss (gain) (15,635 ) 15,745 10,305 (72 ) 68 46 Asset loss (gain) 16,946 (7,072 ) 797 — — — Net actuarial loss (gain), end of year $ 54,343 $ 54,235 $ 46,494 $ (34 ) $ 35 $ (31 )

STOCKHOLDERS' EQUITY (Tables)

STOCKHOLDERS' EQUITY (Tables)	12 Months Ended
	Dec. 30, 2018
Equity [Abstract]
Schedule of Changes in Accumulated Other Comprehensive Loss	The following tables provide information regarding the changes in accumulated other comprehensive loss during 2018 and 2017 : 2018 (a) Losses Related to Foreign Currency Translation Unrealized Gains (Losses) on Derivative Financial Instruments Classified as Cash Flow Hedges Losses Related to Pension and Other Postretirement Benefits Unrealized Holding Gains on Available-for-Sale Securities Total (In thousands) Balance, beginning of year $ 42,081 $ (1,848 ) $ (71,434 ) $ 61 $ (31,140 ) Other comprehensive income (loss) (97,851 ) 829 (939 ) 867 (97,094 ) Amounts reclassified from accumulated other comprehensive loss to net income — 348 910 (846 ) 412 Impact of currency translation — (12 ) — — (12 ) Net current year other comprehensive income (loss) (97,851 ) 1,165 (29 ) 21 (96,694 ) Balance, end of year $ (55,770 ) $ (683 ) $ (71,463 ) $ 82 $ (127,834 ) 2017 (a) Losses Related to Foreign Currency Translation Unrealized Gains (Losses) on Derivative Financial Instruments Classified as Cash Flow Hedges Losses Related to Pension and Other Postretirement Benefits Unrealized Holding Gains on Available-for-Sale Securities Total (In thousands) Balance, beginning of year $ (265,714 ) $ 99 $ (64,243 ) $ — $ (329,858 ) Granite-Holdings Sarl common-control 204,577 (1,368 ) — — 203,209 Other comprehensive income (loss) 103,218 60 (7,770 ) 82 95,590 Amounts reclassified from accumulated — (639 ) 579 (21 ) (81 ) Net current year other comprehensive 103,218 (579 ) (7,191 ) 61 95,509 Balance, end of year $ 42,081 $ (1,848 ) $ (71,434 ) $ 61 $ (31,140 ) (a) All amounts are net of tax. Amounts in parentheses indicate debits.
Schedule of Reclassification from Accumulated Other Comprehensive Loss	Details about Accumulated Other Comprehensive Loss Components Amount Reclassified from Accumulated Other Comprehensive Loss(a) Affected Line Item in the Consolidated and Combined Statements of Income 2018 2017 (In thousands) Realized gain (loss) on settlement of derivative financial instruments classified as cash flow hedges $ (348 ) $ 639 Cost of sales Realized gain on sale of securities 1,118 34 Interest income Amortization of pension and other Union employees pension plan (b)(d) (49 ) (24 ) 2018-Miscellaneous, net; 2017-Cost of sales Legacy Gold Kist plans (c)(d) (360 ) (283 ) 2018-Miscellaneous, net; 2017-Cost of sales Legacy Gold Kist plans (c)(d) (794 ) (625 ) 2018-Miscellaneous, net; 2017-SG&A expense Total before tax (433 ) (259 ) Tax expense 21 340 Total reclassification for the period $ (412 ) $ 81 (a) Amounts in parentheses represent debits to results of operations. (b) The Company sponsors the Union Plan, a qualified defined benefit pension plan covering certain locations or work groups with collective bargaining agreements. (c) The Company sponsors the GK Pension Plan, a qualified defined benefit pension plan covering certain eligible U.S. employees who were employed at locations that the Company purchased through its acquisition of Gold Kist in 2007, the SERP Plan, a nonqualified defined benefit retirement plan covering certain former Gold Kist executives, the Directors’ Emeriti Plan, a nonqualified defined benefit retirement plan covering certain former Gold Kist directors and the Retiree Life Plan, a defined benefit postretirement life insurance plan covering certain retired Gold Kist employees (collectively, the “Legacy Gold Kist Plans”). (d) These accumulated other comprehensive loss components are included in the computation of net periodic pension cost. See “Note 14. Pension and Other Postretirement Benefits” to the Consolidated and Combined Financial Statements.

INCENTIVE COMPENSATION (Tables)

INCENTIVE COMPENSATION (Tables)	12 Months Ended
	Dec. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Awards	The following awards were outstanding during 2018 : Award Type Benefit Plan Awards Granted Grant Date Grant Date Fair Value per Award (a) Vesting Condition Vesting Date Awards Forfeited to Date Settlement Method RSU LTIP 389,424 01/19/2017 18.38 Performance / Service (b) 389,424 (b) Stock RSU LTIP 410,000 02/14/2018 25.59 Service 01/01/2019 — Stock RSU LTIP 163,764 03/01/2018 24.93 Service (c) 12,107 Stock RSU LTIP 266,478 03/01/2018 24.93 Performance / Service (d) 32,452 Stock RSU LTIP 11,144 05/10/2018 21.54 (e) (e) — Stock RSU LTIP 262,500 12/18/2018 16.06 Service 07/01/2019 — Stock (a) The fair value of each RSU granted or vested represents the closing price of the Company’s common stock on the respective grant date or vesting date. (b) Performance conditions associated with these awards were not satisfied. Therefore, 100% of the awards were forfeited during 2018 . (c) These restricted stock units vest in ratable tranches on December 31, 2018, December 31, 2019 and December 31, 2020. Expected compensation cost related to these units totals $4.1 million based on a closing stock price for the Company’s common stock of $24.93 per share on March 1, 2018. Compensation cost will be amortized to profit/loss over the remaining vesting period. (d) If performance conditions related to the Company's 2018 operating results are satisfied, these restricted stock units vest in ratable tranches on December 31, 2019, December 31, 2020 and December 31, 2021. Expected compensation cost related to these units before considering the impact of individual participant forfeitures totals $6.6 million based on a closing stock price for the Company's common stock of $24.93 per share on March 1, 2018. Compensation cost will be amortized to profit/loss upon satisfaction of the performance conditions over the remaining vesting period. (e) These restricted stock units were granted to the four non-employees who currently serve on the Company's Board of Directors. Each participating director's units will vest upon his departure from the Company's Board of Directors. Compensation cost was recognized in profit/loss upon the grant date.
Schedule of Compensation Cost and Income Tax Benefit	Compensation costs and the income tax benefit recognized for our share-based compensation arrangements are included below: 2018 2017 2016 (In thousands) Share-based compensation cost: Cost of sales $ 389 $ 256 $ 770 Selling, general and administrative expenses 12,764 2,763 5,332 Total $ 13,153 $ 3,019 $ 6,102 Income tax benefit $ 3,202 $ 1,006 $ 1,858
Schedule of RSU Activity	The Company’s RSU activity is included below: 2018 2017 2016 Number Weighted Average Grant Date Fair Value Number Weighted Average Grant Date Fair Value Number Weighted Average Grant Date Fair Value (In thousands, except weighted average fair values) Outstanding at beginning of year 389 $ 18.39 906 $ 20.00 774 $ 18.78 Granted 1,114 23.05 461 18.72 325 24.35 Vested — — (714 ) 18.09 — — Forfeited (434 ) 19.06 (264 ) 25.33 (193 ) 24.51 Outstanding at end of year 1,069 $ 22.97 389 $ 18.39 906 $ 20.00

RESTRUCTURING-RELATED ACTIVIT_2

RESTRUCTURING-RELATED ACTIVITIES (Tables)	12 Months Ended
	Dec. 30, 2018
Restructuring and Related Activities [Abstract]
Restructuring and Related Costs	The following table provides a summary of our estimates of costs associated with these restructuring initiatives by major type of cost: Type of Cost GNP 40 North Foods Total Estimated Amount Expected to be Incurred (In thousands) Employee termination benefits $ 4,074 $ 449 $ 4,523 Inventory impairments 472 — 472 Asset impairments 470 103 573 Other charges (a) 1,983 150 2,133 $ 6,999 $ 702 $ 7,701 (a) Comprised of other costs directly related to the restructuring initiatives, including prepaid software impairment, St. Cloud, Minnesota office lease costs, Luverne, Minnesota plant closure costs, and Boulder, Colorado office lease costs. During 2018, the Company recognized the following costs and incurred the following cash outlays related to these restructuring initiatives: Expenses Cash Outlays (In thousands) GNP Initiative: Employee termination benefits $ 936 $ 1,500 Inventory impairments (227 ) — Asset impairments 781 — Other charges (17 ) 65 1,473 1,565 40 North Foods Initiative: Employee termination benefits $ 449 $ 449 Asset impairments 103 — Other 115 29 $ 2,140 $ 2,043 During 2017, the Company recognized the following costs and incurred the following cash outlays related to the GNP restructuring initiative: Expenses Cash Outlays (In thousands) Employee termination benefits $ 3,381 $ 2,581 Inventory impairments 699 — Other charges 752 — $ 4,832 $ 2,581
Schedule of Restructuring Reserve	The following table reconciles liabilities and reserves associated with each restructuring initiative from initiative inception to December 30, 2018 . Ending liability balances for employee termination benefits and other charges are reported in the line item Accrued expenses and other current liabilities in our Consolidated Balance Sheets. The ending reserve balance for inventory impairments is reported in the line item Inventories in our Consolidated Balance Sheets. GNP Initiative 40 North Foods Initiative Employee Termination Benefits Inventory Other Total Employee Termination Benefits Other Charges Total (In thousands) Restructuring charges incurred $ 3,381 $ 699 $ 752 $ 4,832 $ — $ — $ — Payments and disposals (2,581 ) — — (2,581 ) — — — Liability or reserve at December 31, 2017 800 699 752 2,251 — — — Restructuring charges incurred 936 (227 ) (17 ) 692 449 115 564 Payments and disposals (1,500 ) (472 ) (735 ) (2,707 ) (449 ) (29 ) (478 ) Liability or reserve at December 30, 2018 $ 236 $ — $ — $ 236 $ — $ 86 $ 86

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	12 Months Ended
	Dec. 30, 2018
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	Pilgrim's has been and, in some cases, continues to be a party to certain transactions with affiliated companies. 2018 2017 2016 (In thousands) Sales to related parties: JBS USA Food Company (c) $ 13,843 $ 15,289 $ 16,534 JBS Five Rivers 7,096 31,004 14,126 JBS Global (UK) Ltd. — 44 122 JBS Chile Ltda. 60 178 615 J&F Investimentos Ltd. — 104 69 Combo, Mercado de Congelados 159 — — Seara International Ltd. — 104 4 JBS Toledo NV — — 143 Rigamonti Salumificio S.P.A. — — 3 Total sales to related parties $ 21,158 $ 46,723 $ 31,616 Cost of goods purchased from related parties: JBS USA Food Company (c) $ 117,596 $ 101,685 $ 139,476 Seara Meats B.V. 36,223 13,949 21,038 JBS Aves Ltda. 1,123 — — Seara International Ltd. — 11,236 2,746 JBS Toledo NV 445 231 123 JBS Global (UK) Ltd. 21 — — Rigamonti Salumificio S.P.A. — — 15 Total cost of goods purchased from related parties $ 155,408 $ 127,101 $ 163,398 Expenditures paid by related parties: JBS USA Food Company (d) $ 62,189 $ 40,313 $ 40,519 JBS S.A. — 3,777 8,125 JBS Chile Ltda. 33 — — Seara Alimentos — 64 — Total expenditures paid by related parties $ 62,222 $ 44,154 $ 48,644 Expenditures paid on behalf of related parties: JBS USA Food Company (d) $ 9,192 $ 5,376 $ 10,586 JBS S.A. 170 5 86 Seara International Ltd. 45 — 72 Seara Meats B.V. — 12 — Rigamonti Salumificio S.P.A. — — 3 Total expenditures paid on behalf of related parties $ 9,407 $ 5,393 $ 10,747 Other related party transactions: Letter of credit fees (a) $ — $ — $ 202 Capital contribution (distribution) under tax sharing agreement (b) (525 ) 5,558 5,038 Total other related party transactions $ (525 ) $ 5,558 $ 5,240 2018 2017 (In thousands) Accounts receivable from related parties: JBS USA Food Company (c) $ 1,236 $ 2,826 JBS Chile Ltda. — 108 Combo, Mercado de Congelados 79 — Seara International Ltd. 16 15 Seara Meats B.V. — 2 Total accounts receivable from related parties $ 1,331 $ 2,951 Accounts payable to related parties: JBS USA Food Company (c) $ 5,121 $ 440 Seara Meats B.V. 2,142 2,410 JBS Chile Ltda. 6 — JBS Toledo — 39 Total accounts payable to related parties $ 7,269 $ 2,889 (a) JBS USA Food Company Holdings (“JBS USA Holdings”) arranged for letters of credit to be issued on its account in the aggregate amount of $56.5 million to an insurance company on our behalf in order to allow that insurance company to return cash it held as collateral against potential workers’ compensation, auto liability and general liability claims. In return for providing this letter of credit, the Company has agreed to reimburse JBS USA Holdings for the letter of credit fees the Company would otherwise incur under its U.S. Credit Facility. The letter of credit arrangements for $40.0 million and $16.5 million were terminated on March 7, 2016 and April 1, 2016, respectively. During 2016, the Company paid JBS USA Holdings $0.2 million for letter of credit fees. (b) The Company entered into a tax sharing agreement during 2014 with JBS USA Holdings effective for tax years starting 2010. The net tax payable for tax year 2018 was accrued in 2018 and was paid in 2019. The net tax receivable for tax year 2017 was accrued in 2017 and was paid in 2018. The net tax receivable for tax year 2016 was accrued in 2016 and paid in January 2017. (c) We routinely execute transactions to both purchase products from JBS USA Food Company (“JBS USA”) and sell products to them. As of December 30, 2018 and December 31, 2017 , the outstanding payable to JBS USA was $5.1 million and $0.4 million , respectively. As of December 30, 2018 and December 31, 2017 , the outstanding receivable from JBS USA was $1.2 million and $2.8 million , respectively. As of December 30, 2018 , approximately $1.1 million of goods from JBS USA were in transit and not reflected on our Consolidated Balance Sheet. (d) The Company has an agreement with JBS USA to allocate costs associated with JBS USA’s procurement of SAP licenses and maintenance services for both companies. Under this agreement, the fees associated with procuring SAP licenses and maintenance services are allocated between the Company and JBS USA in proportion to the percentage of licenses used by each company. The agreement expires on the date of expiration, or earlier termination, of the underlying SAP license agreement. The Company also has an agreement with JBS USA to allocate the costs of supporting the business operations by one consolidated corporate team, which have historically been supported by their respective corporate teams. Expenditures paid by JBS USA on behalf of the Company will be reimbursed by the Company and expenditures paid by the Company on behalf of JBS USA will be reimbursed by JBS USA. This agreement expires on December 31, 2019.

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Dec. 30, 2018
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future Minimum Payments	The Company’s future minimum lease commitments under noncancelable operating leases are as follows (in thousands): 2019 $ 84,220 2020 63,196 2021 53,908 2022 45,557 2023 36,136 Thereafter 66,637 Total $ 349,654

BUSINESS SEGMENT AND GEOGRAPH_2

BUSINESS SEGMENT AND GEOGRAPHIC REPORTING (Tables)	12 Months Ended
	Dec. 30, 2018
Segment Reporting [Abstract]
Schedule of Net Sales, Operating Income, Depreciation and Amortization and Long-lived Assets	Net sales to customers by customer location and long-lived assets are as follows: December 30, 2018 December 31, 2017 December 25, 2016 (In thousands) Net sales U.S. $ 7,425,661 $ 7,443,222 $ 6,671,403 U.K. and Europe 2,148,666 1,996,319 1,947,441 Mexico 1,363,457 1,328,322 1,259,720 Total $ 10,937,784 $ 10,767,863 $ 9,878,564 December 30, 2018 December 31, 2017 December 25, 2016 (In thousands) Operating income U.S. $ 291,381 $ 841,492 $ 572,558 U.K. and Europe 84,524 77,105 78,572 Mexico 119,649 153,631 140,857 Elimination 132 94 95 Total operating income $ 495,686 $ 1,072,322 $ 792,082 Interest expense, net of capitalized interest 162,812 107,183 75,636 Interest income (13,811 ) (7,730 ) (2,301 ) Foreign currency transaction gain 17,160 (2,659 ) 4,055 Miscellaneous, net (2,702 ) (6,538 ) (9,344 ) Income before income taxes $ 332,227 $ 982,066 $ 724,036 December 30, 2018 December 31, 2017 December 25, 2016 (In thousands) Net sales to customers by customer location: U.S. $ 7,173,280 $ 7,452,758 $ 6,460,787 Mexico 1,411,727 1,019,170 1,180,947 Asia 158,864 136,144 101,209 Canada, Caribbean and Central America 26,450 114,543 152,516 Africa 21,286 29,905 17,117 Europe 2,134,822 2,000,843 1,952,192 South America 10,704 13,279 11,955 Pacific 651 1,221 1,841 Total $ 10,937,784 $ 10,767,863 $ 9,878,564 December 30, 2018 December 31, 2017 December 25, 2016 (In thousands) Depreciation and amortization: U.S. $ 201,126 $ 199,749 $ 151,527 U.K. and Europe 51,108 51,040 51,193 Mexico 27,423 27,003 28,988 Total $ 279,657 $ 277,792 $ 231,708 December 30, 2018 December 31, 2017 (In thousands) Long-lived assets (a) : U.S. $ 1,506,217 $ 1,437,220 U.K. and Europe 359,621 368,521 Mexico 295,864 289,406 Total $ 2,161,702 $ 2,095,147 (a) For this disclosure, we exclude financial instruments, deferred tax assets and intangible assets in accordance with ASC 280-10-50-41, Segment Reporting . Long-lived assets, as used in ASC 280-10-50-41, implies hard assets that cannot be readily removed.
Schedule of Sales by Product Lines	(a) For this disclosure, we exclude financial instruments, deferred tax assets and intangible assets in accordance with ASC 280-10-50-41, Segment Reporting . Long-lived assets, as used in ASC 280-10-50-41, implies hard assets that cannot be readily removed. T

QUARTERLY RESULTS (UNAUDITED) (

QUARTERLY RESULTS (UNAUDITED) (Tables)	12 Months Ended
	Dec. 30, 2018
Quarterly Financial Information Disclosure [Abstract]
Schedule of Quarterly Results	2018 First (a) Second (b) Third (c) Fourth (d) Year (In thousands, except per share data) Net sales $ 2,746,678 $ 2,836,713 $ 2,697,604 $ 2,656,789 $ 10,937,784 Gross profit 287,665 274,222 169,741 111,848 843,476 Net income (loss) attributable to PPC common stockholders 119,418 106,541 29,310 (7,324 ) 247,945 Net income per share amounts - basic 0.48 0.43 0.12 (0.03 ) 1.00 Net income per share amounts - diluted 0.48 0.43 0.12 (0.03 ) 1.00 Number of days in period 91 91 91 91 364 2017 First (e) Second (f) Third (g) Fourth (h) Year (In thousands, except per share data) Net sales $ 2,479,340 $ 2,752,286 $ 2,793,885 $ 2,742,352 $ 10,767,863 Gross profit 256,388 474,838 478,584 261,804 1,471,614 Net income attributable to PPC 93,921 233,641 232,680 134,337 694,579 Net income per share amounts - 0.38 0.94 0.94 0.54 2.79 Net income per share amounts - 0.38 0.94 0.93 0.54 2.79 Number of days in period 91 91 91 98 371 2016 First Second Third Fourth (i) Year (In thousands, except per share data) Net sales $ 2,460,410 $ 2,551,990 $ 2,495,281 $ 2,370,883 $ 9,878,564 Gross profit 284,257 337,796 253,060 228,870 1,103,983 Net income attributable to PPC 118,371 152,886 98,657 70,618 440,532 Net income per share amounts - 0.46 0.60 0.39 0.29 1.74 Net income per share amounts - 0.46 0.60 0.39 0.28 1.73 Number of days in period 91 91 91 91 364 (a) In the first quarter of 2018, the Company recognized impairment charges of approximately $0.5 million related to the Luverne, Minnesota plant held for sale. Also in the first quarter of 2018, the Company had transaction costs of approximately $0.2 million related to the acquisition of Moy Park and GNP. (b) In the second quarter of 2018, the Company recognized impairment charges of approximately $0.1 million related to its 40 North Foods leasehold improvements. (c) In the third quarter of 2018, the Company recognized impairment charges of approximately $0.3 million related to the Luverne, Minnesota plant held for sale. (d) In the fourth quarter of 2018, the Company recognized impairment charges of approximately $2.6 million related to Rose Energy Ltd. within its U.K. and Europe segment. Also in the fourth quarter of 2018, the Company recognized nonrecurring charges of $3.0 million and $11.9 million related to Hurricane Michael and Hurricane Maria, respectively. Hurricane Michael hit the Company’s Live Oak complex in October 2018, causing two days of plant closure. Hurricane Maria hit the Company’s Puerto Rico complex in September 2017, causing six months of plant closure. (e) On January 6, 2017, the Company acquired 100% of the membership interests of GNP from Maschhoff Family Foods, LLC for a cash purchase price of $350 million . In the first quarter, the Company had transaction costs of approximately $0.6 million for the acquisition of GNP. (f) In the second quarter of 2017, the Company recognized impairment charges of approximately $3.5 million related to its Athens, Alabama plant held for sale. (g) In the third quarter of 2017, the Company had transaction costs of approximately $15.0 million for the acquisition of Moy Park. (h) In the fourth quarter of 2017, the Company had transaction costs of approximately $4.5 million for the acquisition of Moy Park. (i) In the fourth quarter of 2016, the Company recognized impairment charges of $0.8 million and $0.3 million related to its Dallas, Texas and Bossier City, Louisiana plants held for sale.

BUSINESS AND SUMMARY OF SIGNI_4

BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) bird / WK in Millions, lb in Billions	12 Months Ended
	Dec. 30, 2018USD ($)employeebird / WKstategrowercountrylb	Dec. 31, 2017USD ($)	Dec. 25, 2016USD ($)	Sep. 08, 2017bird / WK
Property, Plant and Equipment [Line Items]
Number of countries to which the company exports products | country	100
Number of states in which entity operates | state	14
Number of employees | employee	52,100
Maximum processing capacity, more than (number of birds per week) | bird / WK	45.3
Number of pounds of live chicken processed annually, more than | lb	13.4
Number of contract growers that supply poultry | grower	5,300
Advertising costs	$ 20,800,000	$ 18,500,000	$ 12,300,000
Research and development costs	4,000,000	3,700,000	$ 3,500,000
Impairment of intangible assets	$ 0	$ 0
Non-compete agreement
Property, Plant and Equipment [Line Items]
Intangible assets, estimated useful life	3 years
Minimum
Property, Plant and Equipment [Line Items]
Estimated closing costs, percent of asset fair value	4.00%
Minimum | Trade names
Property, Plant and Equipment [Line Items]
Intangible assets, estimated useful life	3 years
Minimum | Non-compete agreement
Property, Plant and Equipment [Line Items]
Intangible assets, estimated useful life	3 years
Minimum | Customer relationships
Property, Plant and Equipment [Line Items]
Intangible assets, estimated useful life	5 years
Minimum | Buildings
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful life	5 years
Minimum | Machinery and equipment
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful life	5 years
Minimum | Automobiles and trucks
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful life	3 years
Maximum
Property, Plant and Equipment [Line Items]
Estimated closing costs, percent of asset fair value	6.00%
Maximum | Trade names
Property, Plant and Equipment [Line Items]
Intangible assets, estimated useful life	20 years
Maximum | Non-compete agreement
Property, Plant and Equipment [Line Items]
Intangible assets, estimated useful life	20 years
Maximum | Customer relationships
Property, Plant and Equipment [Line Items]
Intangible assets, estimated useful life	16 years
Maximum | Buildings
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful life	33 years
Maximum | Machinery and equipment
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful life	33 years
Maximum | Automobiles and trucks
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful life	10 years
Moy Park
Property, Plant and Equipment [Line Items]
Number of employees | employee	10,300
Maximum processing capacity, more than (number of birds per week) | bird / WK				6.1
Percentage of equity acquired				100.00%
JBS S.A.
Property, Plant and Equipment [Line Items]
Ownership percentage	78.50%

BUSINESS AND SUMMARY OF SIGNI_5

BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Adjustments Resulting from Adoption of FASB Guidance (Details) - USD ($) $ in Thousands	Dec. 30, 2018	Dec. 31, 2017
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Accounts payable	$ 830,059	$ 733,027
Accrued expense and other current liabilities	386,941	410,152
Revenue contract liability	$ 33,328	36,607
As Presented in 2017 Annual Report on Form 10-K
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Accounts payable		762,444
Accrued expense and other current liabilities		417,342
Revenue contract liability		0
Accounting Standards Update 2014-09 | Adjustment Resulting from Adoption of FASB Guidance
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Accounts payable		(29,417)
Accrued expense and other current liabilities		(7,190)
Revenue contract liability		$ 36,607

BUSINESS AND SUMMARY OF SIGNI_6

BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Thousands	Dec. 30, 2018	Dec. 31, 2017	Dec. 25, 2016	Dec. 27, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Cash and cash equivalents	$ 338,386	$ 581,510
Restricted cash	23,192	8,021
Total cash, cash equivalents and restricted cash shown in the Consolidated and Combined Statements of Cash Flows	$ 361,578	$ 589,531	$ 297,523	$ 696,552

BUSINESS ACQUISITIONS - Narrati

BUSINESS ACQUISITIONS - Narrative (Details) $ in Thousands, £ in Millions, lb in Millions, bird / WK in Millions	Sep. 08, 2017USD ($)bird / WKlbplant	Sep. 08, 2017GBP (£)	Jan. 06, 2017USD ($)	Dec. 30, 2018USD ($)employeebird / WKplant	Dec. 31, 2017USD ($)	Apr. 01, 2018USD ($)	Sep. 24, 2017USD ($)	Mar. 26, 2017USD ($)
Business Acquisition [Line Items]
Maximum processing capacity of employees per week (in birds per week) | bird / WK				45.3
Number of employees | employee				52,100
Trade names
Business Acquisition [Line Items]
Value of customer relationships				$ 0	$ 38,200
Customer relationships
Business Acquisition [Line Items]
Value of customer relationships				$ 0	92,900
Moy Park
Business Acquisition [Line Items]
Percentage of equity acquired	100.00%
Cash consideration	$ 301,300
Note payable for consideration transferred | £		£ 562.5
Fresh processing plants (in plants) | plant	4
Maximum processing capacity of employees per week (in birds per week) | bird / WK	6.1
Food prepared per year (in pounds) | lb	462
Number of employees | employee				10,300
Transaction costs	$ 19,900				4,500	$ 200	$ 15,000
GNP
Business Acquisition [Line Items]
Percentage of equity acquired			100.00%
Cash consideration			$ 350,000
Maximum processing capacity of employees per week (in birds per week) | bird / WK				2.1
Number of employees | employee				1,600
Transaction costs			600					$ 600
Processing plants acquired (in plants) | plant				2
Net sales of acquiree since acquisition date				$ 398,400	433,900
Net income (loss) of acquiree since acquisition date				$ (1,400)	$ 30,400
Value of customer relationships			$ 131,120
GNP | Trade names
Business Acquisition [Line Items]
Royalty rate used in determination of fair value			2.00%
Net sales growth rate used in determination of fair value			2.50%
Percentage of pre-tax income used to estimate income taxes			39.30%
Income tax amortization benefit factor used in determination of fair value			1.2098
Discount rate to determine hypothetical savings generated by avoiding royalty costs			13.80%
Value of customer relationships			$ 38,200
GNP | Customer relationships
Business Acquisition [Line Items]
Net sales growth rate used in determination of fair value			2.50%
Percentage of pre-tax income used to estimate income taxes			39.30%
Income tax amortization benefit factor used in determination of fair value			1.2098
Discount rate to determine hypothetical savings generated by avoiding royalty costs			13.80%
Customer attrition rate used in determination of fair value			4.00%
Value of customer relationships			$ 92,900

BUSINESS ACQUISITIONS - Pro For

BUSINESS ACQUISITIONS - Pro Forma Information (Details) - USD ($) $ / shares in Units, $ in Thousands	4 Months Ended	8 Months Ended	12 Months Ended
	Dec. 31, 2017	Sep. 07, 2017	Dec. 30, 2018	Dec. 31, 2017	Dec. 25, 2016	Dec. 27, 2015
Business Acquisition [Line Items]
Net Sales			$ 10,937,784	$ 10,773,662	$ 10,311,325
Net Income			$ 236,026	$ 664,776	$ 388,188
Net income attributable to Pilgrim's Pride Corporation per common share - diluted (in USD per share)			$ 0.95	$ 2.67	$ 1.53
Moy Park
Business Acquisition [Line Items]
Net Sales	$ 722,387	$ 1,273,932	$ 2,148,666		$ 1,947,441	$ 572,568
Net Income	$ 34,039	$ 23,486	$ 52,072		$ 40,388	$ 17,010

BUSINESS ACQUISITIONS - Conside

BUSINESS ACQUISITIONS - Consideration Paid (Details) - GNP $ in Thousands	Jan. 06, 2017USD ($)
Business Acquisition [Line Items]
Negotiated sales price	$ 350,000
Working capital adjustment	7,252
Final purchase price	$ 357,252

BUSINESS ACQUISITIONS - Fair Va

BUSINESS ACQUISITIONS - Fair Values of Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Dec. 30, 2018	Dec. 31, 2017	Jan. 06, 2017	Dec. 25, 2016
Business Acquisition [Line Items]
Goodwill	$ 949,750	$ 1,001,889		$ 887,221
GNP
Business Acquisition [Line Items]
Cash and cash equivalents			$ 10
Trade accounts and other receivables			18,453
Inventories			56,459
Prepaid expenses and other current assets			3,414
Property, plant and equipment			144,138
Identifiable intangible assets			131,120
Other long-lived assets			829
Total assets acquired			354,423
Accounts payable			23,848
Other current liabilities			11,866
Other long-term liabilities			3,393
Total liabilities assumed			39,107
Total identifiable net assets			315,316
Goodwill			41,936
Total net assets			$ 357,252

BUSINESS ACQUISITIONS - Acquire

BUSINESS ACQUISITIONS - Acquired Finite-Lived Intangible Assets (Details) - USD ($) $ in Thousands	Jan. 06, 2017	Dec. 30, 2018	Dec. 31, 2017
Customer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Total fair value		$ 0	$ 92,900
Trade names
Acquired Finite-Lived Intangible Assets [Line Items]
Total fair value		0	38,200
Non-compete agreement
Acquired Finite-Lived Intangible Assets [Line Items]
Total fair value		$ 0	$ 20
GNP
Acquired Finite-Lived Intangible Assets [Line Items]
Total fair value	$ 131,120
Weighted average useful life	15 years 2 months 12 days
GNP | Customer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Total fair value	$ 92,900
Weighted average useful life	13 years
GNP | Trade names
Acquired Finite-Lived Intangible Assets [Line Items]
Total fair value	$ 38,200
Weighted average useful life	20 years
GNP | Non-compete agreement
Acquired Finite-Lived Intangible Assets [Line Items]
Total fair value	$ 20
Weighted average useful life	3 years

FAIR VALUE MEASUREMENTS - Sched

FAIR VALUE MEASUREMENTS - Schedule of Assets and Liabilities Measured on a Recurring Basis (Details) - Fair value - USD ($) $ in Thousands	Dec. 30, 2018	Dec. 31, 2017
Commodity futures instruments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	$ 2,244	$ 301
Derivative liabilities	(1,479)	(296)
Commodity options instruments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	0	421
Derivative liabilities	(3,312)	(3,551)
Foreign currency instruments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	1,311	45
Derivative liabilities	(6,649)	(211)
Level 1 | Commodity futures instruments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	2,244	301
Derivative liabilities	(1,479)	(296)
Level 1 | Commodity options instruments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	0	421
Derivative liabilities	(3,312)	(3,551)
Level 1 | Foreign currency instruments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	1,311	45
Derivative liabilities	(6,649)	(211)
Level 2 | Commodity futures instruments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	0	0
Derivative liabilities	0	0
Level 2 | Commodity options instruments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	0	0
Derivative liabilities	0	0
Level 2 | Foreign currency instruments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	0	0
Derivative liabilities	0	0
Level 3 | Commodity futures instruments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	0	0
Derivative liabilities	0	0
Level 3 | Commodity options instruments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	0	0
Derivative liabilities	0	0
Level 3 | Foreign currency instruments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	0	0
Derivative liabilities	$ 0	$ 0

FAIR VALUE MEASUREMENTS - Sch_2

FAIR VALUE MEASUREMENTS - Schedule of Carrying Amounts and Estimated Fair Values of Fixed-Rate Debt Obligation (Details) - USD ($) $ in Thousands	Dec. 30, 2018	Dec. 31, 2017	Sep. 29, 2017	Apr. 17, 2015	Mar. 11, 2015
Senior notes | Fixed-rate senior notes payable at 5.75%, at Level 1 inputs
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Stated interest rate	5.75%				5.75%
Senior notes | Fixed-rate senior notes payable at 5.75%, at Level 1 inputs | Level 1 | Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed-rate debt obligation	$ (1,002,497)	$ (750,000)
Senior notes | Fixed-rate senior notes payable at 5.75%, at Level 1 inputs | Level 1 | Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed-rate debt obligation	$ (937,300)	(774,375)
Senior notes | Fixed-rate senior notes payable at 5.875%, at Level 1 inputs
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Stated interest rate	5.875%		5.875%
Senior notes | Fixed-rate senior notes payable at 5.875%, at Level 1 inputs | Level 1 | Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed-rate debt obligation	$ (843,717)	(604,820)
Senior notes | Fixed-rate senior notes payable at 5.875%, at Level 1 inputs | Level 1 | Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed-rate debt obligation	$ (768,188)	(619,080)
Senior notes | Fixed-rate senior notes payable at 6.25%, at Level 1 inputs
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Stated interest rate	6.25%			6.25%
Senior notes | Fixed-rate senior notes payable at 6.25%, at Level 1 inputs | Level 1 | Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed-rate debt obligation	$ 0	(403,444)
Senior notes | Fixed-rate senior notes payable at 6.25%, at Level 1 inputs | Level 1 | Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed-rate debt obligation	0	(418,787)
Secured Loans | Level 3 | Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed-rate debt obligation	(319)	(873)
Secured Loans | Level 3 | Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed-rate debt obligation	$ (319)	$ (855)

TRADE ACCOUNTS AND OTHER RECE_3

TRADE ACCOUNTS AND OTHER RECEIVABLES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2018	Dec. 30, 2018	Dec. 31, 2017
Accounts Receivable, Net [Abstract]
Trade accounts receivable		$ 533,645	$ 548,472
Notes receivable - current		4,630	5,130
Other receivables		31,331	20,021
Receivables, gross		569,606	573,623
Allowance for doubtful accounts	$ (8,145)	(8,057)	(8,145)
Receivables, net		561,549	565,478
Accounts receivable from related parties		$ 1,331	$ 2,951
Allowance for Doubtful Accounts Receivable [Roll Forward]
Balance at December 31, 2017	(8,145)
Provision charged to operating results	(1,633)
Account write-offs and recoveries	1,682
Effect of exchange rate	39
Balance at December 30, 2018	$ (8,057)

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Thousands	Dec. 30, 2018	Dec. 31, 2017
Inventory [Line Items]
Raw materials and work-in-process	$ 747,801	$ 722,083
Finished products	317,410	444,796
Operating supplies	43,825	35,442
Maintenance materials and parts	50,483	52,749
Total inventories	$ 1,159,519	1,255,070
Restatement Adjustment
Inventory [Line Items]
Raw materials and work-in-process		(54,400)
Finished products		$ 54,400

INVESTMENTS IN SECURITIES (Deta

INVESTMENTS IN SECURITIES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2018	Dec. 31, 2017
Debt Securities, Available-for-sale [Line Items]
Gross realized gains recognized on available-for-sale securities	$ 8,000	$ 4,000
Fixed income securities
Debt Securities, Available-for-sale [Line Items]
Cost	135,286	330,456
Fair Value	135,286	330,456
Other
Debt Securities, Available-for-sale [Line Items]
Cost	67,474	942
Fair Value	$ 67,474	$ 942

DERIVATIVE FINANCIAL INSTRUME_3

DERIVATIVE FINANCIAL INSTRUMENTS - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 30, 2018	Dec. 31, 2017	Dec. 25, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Net gains (losses) on derivative financial instruments	$ (27.1)	$ 6.7	$ (4.3)
Deferred net gain on derivatives expected to be reclassified from AOCI to net income over the next 12 months	$ 0.5

DERIVATIVE FINANCIAL INSTRUME_4

DERIVATIVE FINANCIAL INSTRUMENTS - Schedule of Outstanding Derivative Instruments and Cash Collateral (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2018	Dec. 31, 2017
Fair values:
Cash collateral posted with brokers	$ 23,192	$ 8,021
Corn
Derivatives Coverage:
Derivatives Coverage	6.00%	3.10%
Soybean meal
Derivatives Coverage:
Derivatives Coverage	6.00%	1.70%
Commodity
Fair values:
Derivative assets	$ 2,263	$ 722
Derivative liabilities	(4,791)	(3,847)
Foreign currency instruments
Fair values:
Derivative assets	1,311	45
Derivative liabilities	$ (6,649)	$ (211)

DERIVATIVE FINANCIAL INSTRUME_5

DERIVATIVE FINANCIAL INSTRUMENTS (Schedule of Cash Flow Hedges Included in AOCI) (Details) - Cash Flow Hedging - Designated as Hedging Instrument - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2018	Dec. 31, 2017	Dec. 25, 2016
Derivative [Line Items]
Gain (Loss) Recognized in Other Comprehensive Income on Derivative (Effective Portion)	$ 829	$ 60	$ (152)
Net Realized Gain (Loss) Recognized in Income on Derivative (Ineffective Portion)	0	0	0
Gain (Loss) Reclassified from AOCI into Income (Effective Portion)	(348)	639	(310)
Foreign Exchange Contract
Derivative [Line Items]
Gain (Loss) Recognized in Other Comprehensive Income on Derivative (Effective Portion)	829	60	(152)
Net Realized Gain (Loss) Recognized in Income on Derivative (Ineffective Portion)	0	0	0
Gain (Loss) Reclassified from AOCI into Income (Effective Portion)	$ (348)	$ 639	$ (310)

GOODWILL AND INTANGIBLE ASSET_2

GOODWILL AND INTANGIBLE ASSETS - Schedule of Goodwill by Segment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2018	Dec. 31, 2017
Goodwill [Roll Forward]
Goodwill, beginning of period	$ 1,001,889	$ 887,221
Additions	0	41,936
Other	(1,156)	0
Currency Translation	(50,983)	72,732
Goodwill, end of period	949,750	1,001,889
U.S.
Goodwill [Roll Forward]
Goodwill, beginning of period	41,936	0
Additions	0	41,936
Other	0	0
Currency Translation	0	0
Goodwill, end of period	41,936	41,936
U.K. and Europe
Goodwill [Roll Forward]
Goodwill, beginning of period	834,346	761,614
Additions	0	0
Other	(1,156)	0
Currency Translation	(50,983)	72,732
Goodwill, end of period	782,207	834,346
Mexico
Goodwill [Roll Forward]
Goodwill, beginning of period	125,607	125,607
Additions	0	0
Other	0	0
Currency Translation	0	0
Goodwill, end of period	$ 125,607	$ 125,607

GOODWILL AND INTANGIBLE ASSET_3

GOODWILL AND INTANGIBLE ASSETS - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2018	Dec. 31, 2017	Dec. 25, 2016
Accumulated Amortization Rollforward [Roll Forward]
Amortization	$ (25,736)	$ (26,386)	$ (18,700)
Intangible Assets (Excluding Goodwill) Rollforward [Roll Forward]
December 31, 2017	617,163	471,591
Additions	0	131,120
Currency Translation	(27,299)	40,838
Reclassification	0	0
December 30, 2018	564,128	617,163	471,591
Trade names
Finite-lived Intangible Assets [Roll Forward]
December 31, 2017	79,686	41,369
Additions	0	38,200
Currency Translation	0	117
Reclassification	(1,343)	0
December 30, 2018	78,343	79,686	41,369
Accumulated Amortization Rollforward [Roll Forward]
December 31, 2017	(40,888)	(37,128)
Amortization	(3,287)	(3,808)
Currency Translation	0	48
Reclassification	623	0
December 30, 2018	(43,552)	(40,888)	(37,128)
Customer relationships
Finite-lived Intangible Assets [Roll Forward]
December 31, 2017	251,952	151,147
Additions	0	92,900
Currency Translation	(5,589)	7,905
Reclassification	1,343	0
December 30, 2018	247,706	251,952	151,147
Accumulated Amortization Rollforward [Roll Forward]
December 31, 2017	(77,194)	(53,055)
Amortization	(22,441)	(22,571)
Currency Translation	1,817	(1,568)
Reclassification	(623)	0
December 30, 2018	(98,441)	(77,194)	(53,055)
Non-compete agreement
Finite-lived Intangible Assets [Roll Forward]
December 31, 2017	320	300
Additions	0	20
Currency Translation	0	0
Reclassification	0	0
December 30, 2018	320	320	300
Accumulated Amortization Rollforward [Roll Forward]
December 31, 2017	(307)	(300)
Amortization	(8)	(7)
Currency Translation	0	0
Reclassification	0	0
December 30, 2018	(315)	(307)	(300)
Trade names
Indefinite-lived Intangible Assets [Roll Forward]
December 31, 2017	403,594	369,258
Additions	0	0
Currency Translation	(23,527)	34,336
Reclassification	0	0
December 30, 2018	$ 380,067	$ 403,594	$ 369,258

GOODWILL AND INTANGIBLE ASSET_4

GOODWILL AND INTANGIBLE ASSETS - Useful Life of Assets (Details)	12 Months Ended
	Dec. 30, 2018
Customer relationships | Minimum
Finite-Lived Intangible Assets [Line Items]
Intangible assets, estimated useful life	5 years
Customer relationships | Maximum
Finite-Lived Intangible Assets [Line Items]
Intangible assets, estimated useful life	16 years
Trade names | Minimum
Finite-Lived Intangible Assets [Line Items]
Intangible assets, estimated useful life	3 years
Trade names | Maximum
Finite-Lived Intangible Assets [Line Items]
Intangible assets, estimated useful life	20 years
Non-compete agreement
Finite-Lived Intangible Assets [Line Items]
Intangible assets, estimated useful life	3 years
Non-compete agreement | Minimum
Finite-Lived Intangible Assets [Line Items]
Intangible assets, estimated useful life	3 years
Non-compete agreement | Maximum
Finite-Lived Intangible Assets [Line Items]
Intangible assets, estimated useful life	20 years

GOODWILL AND INTANGIBLE ASSET_5

GOODWILL AND INTANGIBLE ASSETS - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2018	Dec. 31, 2017	Dec. 25, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 25,736	$ 26,386	$ 18,700
Expected amortization expense, 2019	23,500
Expected amortization expense, 2020	19,700
Expected amortization expense, 2021	19,700
Expected amortization expense, 2022	19,700
Expected amortization expense, 2023	$ 19,700

PROPERTY, PLANT AND EQUIPMENT -

PROPERTY, PLANT AND EQUIPMENT - Schedule of Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Dec. 30, 2018	Dec. 31, 2017
Property, Plant and Equipment [Line Items]
PP&E, gross	$ 4,841,046	$ 4,665,472
Accumulated depreciation	(2,679,344)	(2,570,325)
PP&E, net	2,161,702	2,095,147
Land
Property, Plant and Equipment [Line Items]
PP&E, gross	196,769	205,087
Buildings
Property, Plant and Equipment [Line Items]
PP&E, gross	1,697,703	1,681,610
Machinery and equipment
Property, Plant and Equipment [Line Items]
PP&E, gross	2,618,213	2,533,522
Autos and trucks
Property, Plant and Equipment [Line Items]
PP&E, gross	59,195	58,159
Construction-in-progress
Property, Plant and Equipment [Line Items]
PP&E, gross	$ 269,166	$ 187,094

PROPERTY, PLANT AND EQUIPMENT_2

PROPERTY, PLANT AND EQUIPMENT - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Dec. 30, 2018	Jul. 01, 2018	Dec. 30, 2018	Dec. 31, 2017	Dec. 25, 2016
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Depreciation expense			$ 248,300	$ 245,400	$ 210,500
Expenditures for capital projects			348,666	339,872	340,960
Completed projects transferred from construction-in-progress to depreciable assets			246,500	411,800
Proceeds from property disposals			9,775	4,475	$ 13,375
Gain (loss) on property disposals			1,900	500
Assets held for sale	$ 178		178	$ 708
Idled assets property, plant and equipment, net	44,700		44,700
Idled asset property, plant and equipment gross	154,400		154,400
Idled asset accumulated depreciation	109,700		109,700
Rose Energy, Ltd.
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Impairment of joint venture	$ 2,600
Minnesota Processing Complex | Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Impairment charges, assets held for sale			800
Leasehold Improvements
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Impairment of leasehold improvements		$ 100	$ 100

CURRENT LIABILITIES (Details)

CURRENT LIABILITIES (Details) - USD ($) $ in Thousands	Dec. 30, 2018	Dec. 31, 2017
Accounts payable:
Trade accounts	$ 744,105	$ 661,759
Book overdrafts	69,475	56,022
Other payables	16,479	15,246
Total accounts payable	830,059	733,027
Accounts payable to related parties	7,269	2,889
Revenue contract liability	33,328	36,607
Accrued expenses and other current liabilities:
Compensation and benefits	149,507	181,678
Interest and debt-related fees	33,596	29,750
Insurance and self-insured claims	80,990	79,911
Derivative liabilities:
Other accrued expenses	111,408	114,755
Total accrued expenses and other current liabilities	386,941	410,152
Total current liabilities	1,257,597	1,182,675
Commodity futures
Derivative liabilities:
Derivative liabilities	1,479	296
Commodity options
Derivative liabilities:
Derivative liabilities	3,312	3,551
Foreign currency derivatives
Derivative liabilities:
Derivative liabilities	$ 6,649	$ 211

LONG-TERM DEBT AND OTHER BORR_3

LONG-TERM DEBT AND OTHER BORROWING ARRANGEMENTS - Schedule of Long-term Debt and Other Borrowing Arrangements (Details) $ in Thousands	Dec. 14, 2018	Dec. 03, 2018	Jun. 02, 2018	Jun. 30, 2009	Dec. 30, 2018USD ($)	Dec. 30, 2018GBP (£)	May 29, 2018GBP (£)	Dec. 31, 2017USD ($)	Sep. 29, 2017	Apr. 17, 2015	Mar. 11, 2015
Debt Instrument [Line Items]
Long-term debt					$ 2,352,605			$ 2,709,350
Less: Current maturities of long-term debt					(30,405)			(47,775)
Long-term debt, less current maturities					2,322,200			2,661,575
Less: Capitalized financing costs					(27,010)			(25,958)
Long-term debt, less current maturities, net of capitalized financing costs:					2,295,190			2,635,617
Credit facility | Term note payable at 3.65%
Debt Instrument [Line Items]
Long-term debt					500,000			780,000
Credit facility | Revolving note payable at 5.25%
Debt Instrument [Line Items]
Long-term debt					0			73,262
Credit facility | 2016 Mexico Credit Facility (defined below) with notes payable at TIIE plus 0.95%
Debt Instrument [Line Items]
Long-term debt					0			76,307
Credit facility | 2016 Mexico Credit Facility (defined below) with notes payable at TIIE plus 0.95% | TIIE Rate
Debt Instrument [Line Items]
Basis spread on variable interest rate	1.50%
Credit facility | Moy Park France Invoice Discounting Revolver with payables at EURIBOR plus 0.8%
Debt Instrument [Line Items]
Long-term debt					2,277			1,815
Credit facility | Moy Park Credit Agricole Bank Overdraft with notes payable at EURIBOR plus 1.50%
Debt Instrument [Line Items]
Long-term debt					88			0
Credit facility | Moy Park Multicurrency Revolving Facility with notes payable at LIBOR rate plus 2.5%
Debt Instrument [Line Items]
Long-term debt					0			9,590
Credit facility | Moy Park Bank of Ireland Revolving Facility with notes payable at LIBOR or EURIBOR plus 1.25% to 2.00%
Debt Instrument [Line Items]
Long-term debt					$ 0			0
Credit facility | Moy Park Bank of Ireland Revolving Facility with notes payable at LIBOR or EURIBOR plus 1.25% to 2.00% | EURIBOR Rate
Debt Instrument [Line Items]
Basis spread on variable interest rate			2.00%
Credit facility | Moy Park Bank of Ireland Revolving Facility with notes payable at LIBOR or EURIBOR plus 1.25% to 2.00% | LIBOR Rate
Debt Instrument [Line Items]
Basis spread on variable interest rate			1.25%
Senior notes | Senior notes payable, net of premium and discount at 5.75%
Debt Instrument [Line Items]
Stated interest rate					5.75%	5.75%					5.75%
Long-term debt					$ 1,002,497			754,820
Senior notes | Senior notes payable, net of discount at 5.875%
Debt Instrument [Line Items]
Stated interest rate					5.875%	5.875%			5.875%
Long-term debt					$ 843,717			600,000
Senior notes | Senior notes payable at 6.25%
Debt Instrument [Line Items]
Stated interest rate					6.25%	6.25%				6.25%
Long-term debt					$ 0	£ 0	£ 65,700,000	403,444
Credit facility | Credit facility | Term note payable at 3.65%
Debt Instrument [Line Items]
Stated interest rate					3.65%	3.65%
Credit facility | Credit facility | Revolving note payable at 5.25%
Debt Instrument [Line Items]
Stated interest rate					5.25%	5.25%
Credit facility | Credit facility | 2016 Mexico Credit Facility (defined below) with notes payable at TIIE plus 0.95% | TIIE Rate
Debt Instrument [Line Items]
Basis spread on variable interest rate					0.95%
Credit facility | Credit facility | Moy Park France Invoice Discounting Revolver with payables at EURIBOR plus 0.8% | EURIBOR Rate
Debt Instrument [Line Items]
Basis spread on variable interest rate				0.80%	0.80%
Credit facility | Credit facility | Moy Park Credit Agricole Bank Overdraft with notes payable at EURIBOR plus 1.50%
Debt Instrument [Line Items]
Long-term debt					$ 100
Credit facility | Credit facility | Moy Park Credit Agricole Bank Overdraft with notes payable at EURIBOR plus 1.50% | EURIBOR Rate
Debt Instrument [Line Items]
Basis spread on variable interest rate		1.50%			1.50%
Credit facility | Credit facility | Moy Park Multicurrency Revolving Facility with notes payable at LIBOR rate plus 2.5% | LIBOR Rate
Debt Instrument [Line Items]
Basis spread on variable interest rate					2.50%
Credit facility | Credit facility | Moy Park Bank of Ireland Revolving Facility with notes payable at LIBOR or EURIBOR plus 1.25% to 2.00% | LIBOR Rate
Debt Instrument [Line Items]
Basis spread on variable interest rate					1.25%
Secured Loans
Debt Instrument [Line Items]
Weighted average interest rate					3.73%	3.73%
Long-term debt					$ 319			873
Capital lease obligations
Debt Instrument [Line Items]
Long-term debt					$ 3,707			$ 9,239

LONG-TERM DEBT AND OTHER BORR_4

LONG-TERM DEBT AND OTHER BORROWING ARRANGEMENTS - Narrative (Details)

Dec. 14, 2018USD ($)

Dec. 03, 2018EUR (€)

Jul. 20, 2018USD ($)

Jun. 02, 2018EUR (€)

May 29, 2018GBP (£)

Mar. 07, 2018USD ($)

Sep. 29, 2017USD ($)

Jun. 30, 2009EUR (€)

Jun. 30, 2018

Dec. 30, 2018USD ($)

Dec. 30, 2018GBP (£)

Dec. 14, 2018MXN ($)

Mar. 08, 2018GBP (£)

Dec. 31, 2017USD ($)

Jan. 29, 2016GBP (£)

Apr. 17, 2015GBP (£)

Mar. 19, 2015GBP (£)

Mar. 11, 2015USD ($)

Debt Instrument [Line Items]

Debt outstanding

$ 2,352,605,000

$ 2,709,350,000

Revolving note payable at 5.25% | Credit facility

Debt Instrument [Line Items]

Debt outstanding

0

73,262,000

Revolving note payable at 5.25% | Credit facility | CoBank, ACB

Debt Instrument [Line Items]

Maximum borrowing capacity

$ 750,000,000

Outstanding borrowings

0

Term note payable at 3.65% | Credit facility

Debt Instrument [Line Items]

Debt outstanding

500,000,000

780,000,000

Term note payable at 3.65% | Credit facility | CoBank, ACB

Debt Instrument [Line Items]

Debt outstanding

500,000,000

Maximum borrowing capacity

500,000,000

US Credit Facility | Credit facility | CoBank, ACB

Debt Instrument [Line Items]

Feature to increase revolving loan commitment

$ 1,250,000,000

Quarterly principal payment, percent of original principal amount

1.25%

Current borrowing capacity

708,400,000

Letters of credit issued

41,600,000

Credit facility, capital expenditures limit

$ 500,000,000

US Credit Facility | Credit facility | CoBank, ACB | US and Puerto Rico Subsidiaries

Debt Instrument [Line Items]

Percentage of equity interests securing obligations

100.00%

US Credit Facility | Credit facility | CoBank, ACB | Foreign Subsidiaries

Debt Instrument [Line Items]

Percentage of equity interests securing obligations

65.00%

2016 Mexico Credit Facility (defined below) with notes payable at TIIE plus 0.95% | Credit facility

Debt Instrument [Line Items]

Debt outstanding

0

76,307,000

Maximum borrowing capacity

$ 76,300,000

$ 1,500,000,000

2016 Mexico Credit Facility (defined below) with notes payable at TIIE plus 0.95% | Credit facility | TIIE Rate

Debt Instrument [Line Items]

Basis spread on variable interest rate

1.50%

Moy Park Bank of Ireland Revolving Facility with notes payable at LIBOR or EURIBOR plus 1.25% to 2.00% | Credit facility

Debt Instrument [Line Items]

Debt outstanding

0

0

Moy Park Bank of Ireland Revolving Facility with notes payable at LIBOR or EURIBOR plus 1.25% to 2.00% | Credit facility | LIBOR Rate

Debt Instrument [Line Items]

Basis spread on variable interest rate

1.25%

Moy Park Bank of Ireland Revolving Facility with notes payable at LIBOR or EURIBOR plus 1.25% to 2.00% | Credit facility | EURIBOR Rate

Debt Instrument [Line Items]

Basis spread on variable interest rate

2.00%

Moy Park Bank of Ireland Revolving Facility with notes payable at LIBOR or EURIBOR plus 1.25% to 2.00% | Credit facility | Bank of Ireland

Debt Instrument [Line Items]

Maximum borrowing capacity | €

€ 100,000,000

Current borrowing capacity

127,000,000

Outstanding borrowings

0

Moy Park France Invoice Discounting Revolver with payables at EURIBOR plus 0.8% | Credit facility

Debt Instrument [Line Items]

Debt outstanding

2,277,000

1,815,000

Maximum borrowing capacity

11,400,000

Current borrowing capacity

9,200,000

Outstanding borrowings

2,200,000

Moy Park Credit Agricole Bank Overdraft with notes payable at EURIBOR plus 1.50% | Credit facility

Debt Instrument [Line Items]

Debt outstanding

88,000

0

Moy Park Multicurrency Revolving Facility with notes payable at LIBOR rate plus 2.5% | Credit facility

Debt Instrument [Line Items]

Debt outstanding

$ 0

9,590,000

Maximum borrowing capacity | £

£ 20,000,000

Senior notes | Senior notes payable, net of premium and discount at 5.75%

Debt Instrument [Line Items]

Principal amount

$ 250,000,000

$ 250,000,000

$ 500,000,000

Stated interest rate

5.75%

5.75%

5.75%

Add-on issuance percentage of face value

99.25%

102.00%

Gross amount

$ 248,100,000

$ 255,000,000

Debt premium

5,000,000

Discount

1,900,000

Debt outstanding

$ 1,002,497,000

754,820,000

Senior notes | Senior notes payable, net of discount at 5.875%

Debt Instrument [Line Items]

Principal amount

$ 250,000,000

$ 600,000,000

Stated interest rate

5.875%

5.875%

5.875%

Add-on issuance percentage of face value

97.25%

Gross amount

$ 243,100,000

Discount

$ 6,900,000

Debt outstanding

$ 843,717,000

600,000,000

Senior notes | Senior notes payable at 6.25%

Debt Instrument [Line Items]

Principal amount | £

£ 300,000,000

Stated interest rate

6.25%

6.25%

6.25%

Tendered amount | £

£ 234,300,000

Redemption price

101.56%

Debt outstanding

£ 65,700,000

$ 0

£ 0

$ 403,444,000

Credit facility | Revolving note payable at 5.25% | Credit facility

Debt Instrument [Line Items]

Stated interest rate

5.25%

5.25%

Credit facility | Term note payable at 3.65% | Credit facility

Debt Instrument [Line Items]

Stated interest rate

3.65%

3.65%

Credit facility | US Credit Facility | CoBank, ACB | LIBOR Rate

Debt Instrument [Line Items]

Basis spread on variable interest rate

1.25%

Credit facility | US Credit Facility | CoBank, ACB | LIBOR Rate | Minimum

Debt Instrument [Line Items]

Basis spread on variable interest rate

1.25%

Credit facility | US Credit Facility | CoBank, ACB | LIBOR Rate | Maximum

Debt Instrument [Line Items]

Basis spread on variable interest rate

2.75%

Credit facility | US Credit Facility | CoBank, ACB | Alternate base rate

Debt Instrument [Line Items]

Basis spread on variable interest rate

0.25%

Credit facility | US Credit Facility | CoBank, ACB | Alternate base rate | Minimum

Debt Instrument [Line Items]

Basis spread on variable interest rate

0.25%

Credit facility | US Credit Facility | CoBank, ACB | Alternate base rate | Maximum

Debt Instrument [Line Items]

Basis spread on variable interest rate

1.75%

Credit facility | US Credit Facility | Swingline loans | CoBank, ACB

Debt Instrument [Line Items]

Maximum borrowing capacity

$ 75,000,000

Credit facility | US Credit Facility | Letter of credit | CoBank, ACB

Debt Instrument [Line Items]

Maximum borrowing capacity

$ 125,000,000

Credit facility | 2016 Mexico Credit Facility (defined below) with notes payable at TIIE plus 0.95% | Credit facility | TIIE Rate

Debt Instrument [Line Items]

Basis spread on variable interest rate

0.95%

Credit facility | Moy Park Bank of Ireland Revolving Facility with notes payable at LIBOR or EURIBOR plus 1.25% to 2.00% | Credit facility | LIBOR Rate

Debt Instrument [Line Items]

Basis spread on variable interest rate

1.25%

Credit facility | Moy Park France Invoice Discounting Revolver with payables at EURIBOR plus 0.8% | Credit facility

Debt Instrument [Line Items]

Maximum borrowing capacity | €

€ 20,000,000

Decrease in credit facility

(50.00%)

Credit facility | Moy Park France Invoice Discounting Revolver with payables at EURIBOR plus 0.8% | Credit facility | EURIBOR Rate

Debt Instrument [Line Items]

Basis spread on variable interest rate

0.80%

0.80%

Credit facility | Moy Park Credit Agricole Bank Overdraft with notes payable at EURIBOR plus 1.50% | Credit facility

Debt Instrument [Line Items]

Debt outstanding

$ 100,000

Maximum borrowing capacity | €

€ 500,000

Credit facility | Moy Park Credit Agricole Bank Overdraft with notes payable at EURIBOR plus 1.50% | Credit facility | EURIBOR Rate

Debt Instrument [Line Items]

Basis spread on variable interest rate

1.50%

1.50%

Credit facility | Moy Park Multicurrency Revolving Facility with notes payable at LIBOR rate plus 2.5% | Credit facility | LIBOR Rate

Debt Instrument [Line Items]

Basis spread on variable interest rate

2.50%

Credit facility | Moy Park Receivables Finance Agreement | Credit facility

Debt Instrument [Line Items]

Maximum borrowing capacity | £

£ 45,000,000

Credit facility | Moy Park Receivables Finance Agreement | Credit facility | EURIBOR Rate

Debt Instrument [Line Items]

Basis spread on variable interest rate

2.00%

INCOME TAXES (Income Before Inc

INCOME TAXES (Income Before Income Taxes by Jurisdiction) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2018	Dec. 31, 2017	Dec. 25, 2016
Income Tax Disclosure [Abstract]
U.S.	$ 175,805	$ 773,160	$ 532,853
Foreign	156,422	208,906	191,183
Income before income taxes	$ 332,227	$ 982,066	$ 724,036

INCOME TAXES (Components of Inc

INCOME TAXES (Components of Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2018	Dec. 31, 2017	Dec. 25, 2016
Current:
Federal	$ 8,835	$ 213,146	$ 165,989
Foreign	45,311	65,100	62,753
State and other	(1,263)	35,614	20,211
Total current	52,883	313,860	248,953
Deferred:
Federal	41,104	(19,434)	(3,529)
Foreign	(17,160)	(34,264)	(2,490)
State and other	8,596	3,737	985
Total deferred	32,540	(49,961)	(5,034)
Income tax expense (benefit)	$ 85,423	$ 263,899	$ 243,919

INCOME TAXES (Narrative) (Detai

INCOME TAXES (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 30, 2018	Dec. 31, 2017	Dec. 25, 2016
Operating Loss Carryforwards [Line Items]
Effective tax rate	25.70%	26.90%	33.70%
Income tax expense related to Tax Act	$ 18,200,000
Tax liability recorded for one-time transition tax related to Tax Act	$ 26,400,000
One-time transition tax increase in effective tax rate related to Tax Act	7.90%	0.00%	0.00%
Tax liability for one-time transition tax related to Tax Act	$ 7,700,000
Provisional tax benefit from net change in deferred tax liabilities related to Tax Act		$ 41,500,000
Provisional tax benefit from change in tax rate related to Tax Act	$ 8,200,000
Rate change reduction in effective tax rate related to Tax Act	(2.50%)	(5.30%)	0.00%
GILTI tax liability recorded related to Tax Act	$ 5.4
GILTI increase in effective tax rate related to Tax Act	1.60%
Income tax benefit from FDII deduction	$ 100,000
Increase in valuation allowance	11,700,000
Valuation allowance	26,150,000	$ 14,479,000
Other comprehensive income, tax (benefit) expense	(1,600,000)	4,000,000
Tax effect from excess tax benefits	(800,000)	1,100,000
Unrecognized tax benefits	12,412,000	11,866,000	$ 16,813,000
Amount of tax benefits that, if recognized, would reduce effective tax rate	1,400,000
Liability for interest and penalties	1,500,000
Decrease in accrued interest and penalty amounts related to uncertain tax positions	5,600,000
Capital contribution under tax sharing agreement	5,558,000	$ 5,038,000	$ 3,690,000
JBS USA Food Company Holding | Tax sharing agreement
Operating Loss Carryforwards [Line Items]
Capital contribution under tax sharing agreement	500,000
Foreign Tax Authority
Operating Loss Carryforwards [Line Items]
Valuation allowance	13,900,000
Net operating loss carry forwards	$ 17,200,000
Net operating loss carry forwards, expiration date	Jan. 1, 2019
U.S.
Operating Loss Carryforwards [Line Items]
Valuation allowance	$ 11,800,000
State and Local Jurisdiction
Operating Loss Carryforwards [Line Items]
Valuation allowance	500,000
Net operating loss carry forwards	$ 87,500,000
Net operating loss carry forwards, expiration date	Jan. 1, 2019
Tax credit carry forwards	$ 2,600,000
Tax credit carry forwards, expiration date	Jan. 1, 2019
Mexico
Operating Loss Carryforwards [Line Items]
Undistributed earnings of foreign subsidiaries	$ 683,000,000
Puerto Rico
Operating Loss Carryforwards [Line Items]
Undistributed earnings of foreign subsidiaries	13,200,000
United Kingdom
Operating Loss Carryforwards [Line Items]
Undistributed earnings of foreign subsidiaries	$ 2,200,000

INCOME TAXES (Schedule of Incom

INCOME TAXES (Schedule of Income Tax Reconciliation) (Details)	12 Months Ended
	Dec. 30, 2018	Dec. 31, 2017	Dec. 25, 2016
Income Tax Disclosure [Abstract]
Federal income tax rate	21.00%	35.00%	35.00%
State tax rate, net	3.60%	2.60%	2.20%
One-time transition tax	7.90%	0.00%	0.00%
Permanent items	1.40%	0.00%	0.80%
Domestic production activity	(0.00%)	(1.60%)	(1.20%)
Difference in U.S. statutory tax rate and foreign country effective tax rate	2.30%	(1.40%)	(2.80%)
Rate change	(2.50%)	(5.30%)	0.00%
Tax credits	(7.90%)	(0.50%)	(0.60%)
Change in reserve for unrecognized tax benefits	(1.70%)	(0.70%)	(0.20%)
Change in valuation allowance	2.70%	(1.20%)	(0.10%)
Other	(1.10%)	0.00%	0.60%
Total	25.70%	26.90%	33.70%

INCOME TAXES (Schedule of Defer

INCOME TAXES (Schedule of Deferred Tax Assets and Liabilities) (Details) - USD ($) $ in Thousands	Dec. 30, 2018	Dec. 31, 2017
Deferred tax liabilities:
PP&E and identified intangible assets	$ 217,353	$ 213,500
Inventories	69,464	57,641
Insurance claims and losses	29,964	29,253
Business combinations	46,779	50,695
Other	23,434	18,519
Total deferred tax liabilities	386,994	369,608
Deferred tax assets:
Net operating losses	2,923	3,276
Foreign net operating losses	38,531	26,934
Credit carry forwards	14,461	2,425
Allowance for doubtful accounts	6,788	1,767
Deferred revenue	1,860	0
Accrued liabilities	52,181	50,389
Workers compensation	0	26,119
Pension and other postretirement benefits	0	13,379
Other	63,227	51,306
Total deferred tax assets	179,971	175,595
Valuation allowance	(26,150)	(14,479)
Net deferred tax assets	153,821	161,116
Net deferred tax liabilities	$ 233,173	$ 208,492

INCOME TAXES (Schedule of Unrec

INCOME TAXES (Schedule of Unrecognized Tax Benefits) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2018	Dec. 31, 2017
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Unrecognized tax benefits, beginning of year	$ 11,866	$ 16,813
Increase as a result of tax positions taken during the current year	261	1,163
Increase as a result of tax positions taken during prior years	1,152	60
Decrease as a result of tax positions taken during prior years	0	(892)
Decrease for lapse in statute of limitations	(867)	(4,123)
Decrease relating to settlements with taxing authorities	0	(1,155)
Unrecognized tax benefits, end of year	$ 12,412	$ 11,866

REVENUE RECOGNITION - Disaggreg

REVENUE RECOGNITION - Disaggregated Revenue (Details) - USD ($) $ in Thousands

3 Months Ended

12 Months Ended

Dec. 30, 2018

Sep. 30, 2018

Jul. 01, 2018

Apr. 01, 2018

Dec. 31, 2017

Sep. 24, 2017

Jun. 25, 2017

Mar. 26, 2017

Dec. 25, 2016

Sep. 25, 2016

Jun. 26, 2016

Mar. 27, 2016

Dec. 30, 2018

Dec. 31, 2017

Dec. 25, 2016

Disaggregation of Revenue [Line Items]

Net Sales

$ 2,656,789

$ 2,697,604

$ 2,836,713

$ 2,746,678

$ 2,742,352

$ 2,793,885

$ 2,752,286

$ 2,479,340

$ 2,370,883

$ 2,495,281

$ 2,551,990

$ 2,460,410

$ 10,937,784

$ 10,767,863

$ 9,878,564

U.S.

Disaggregation of Revenue [Line Items]

Net Sales

7,425,661

U.K. and Europe

Disaggregation of Revenue [Line Items]

Net Sales

2,148,666

Mexico

Disaggregation of Revenue [Line Items]

Net Sales

1,363,457

Domestic

Disaggregation of Revenue [Line Items]

Net Sales

10,375,131

Domestic | U.S.

Disaggregation of Revenue [Line Items]

Net Sales

7,166,929

Domestic | U.K. and Europe

Disaggregation of Revenue [Line Items]

Net Sales

1,844,745

Domestic | Mexico

Disaggregation of Revenue [Line Items]

Net Sales

1,363,457

Export

Disaggregation of Revenue [Line Items]

Net Sales

562,653

Export | U.S.

Disaggregation of Revenue [Line Items]

Net Sales

258,732

Export | U.K. and Europe

Disaggregation of Revenue [Line Items]

Net Sales

303,921

Export | Mexico

Disaggregation of Revenue [Line Items]

Net Sales

$ 0

REVENUE RECOGNITION - Change in

REVENUE RECOGNITION - Change in Revenue Contract Liability (Details) $ in Thousands	12 Months Ended
	Dec. 30, 2018USD ($)
Movement in Contract with Customer, Liability [Roll Forward]
Balance, beginning of period	$ 36,607
Revenue recognized	(59,332)
Cash received, excluding amounts recognized as revenue during the period	56,053
Balance, end of period	$ 33,328

PENSION AND OTHER POSTRETIREM_3

PENSION AND OTHER POSTRETIREMENT BENEFITS (Narrative) (Details)	12 Months Ended
	Dec. 30, 2018USD ($)plan	Dec. 31, 2017USD ($)	Dec. 25, 2016USD ($)
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Retirement plan expenses	$ 12,100,000	$ 10,800,000	$ 11,200,000
Accumulated benefit obligation, defined benefit pension plans	$ 157,600,000	178,200,000
Weighted average duration of defined benefit obligation	29 years 11 months 12 days
Actuarial loss expected to be recognized in net pension cost throughout 2019	$ 1,300,000
Expenses related to defined contribution plans	$ 11,400,000	$ 9,500,000	$ 8,100,000
Fixed income funds | Pooled separate accounts
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Target plan asset allocations	50.00%
Fixed income funds | Common collective trusts funds
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Target plan asset allocations	30.00%
Equity securities | Pooled separate accounts
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Target plan asset allocations	50.00%
Equity securities | Common collective trusts funds
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Target plan asset allocations	70.00%
Pension Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Expected contributions during 2019	$ 8,300,000
Pension Benefits | Qualified Plan
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Defined benefit plans, number of plans | plan	2
Pension Benefits | Nonqualified Plan
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Defined benefit plans, number of plans | plan	2
Postretirement Life Insurance Plan
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Defined benefit plans, number of plans | plan	1
Other Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Impact of 0.25% change in discount rate on projected benefit obligation	$ 1,000
Expected contributions during 2019	$ 100,000
Other Plans | Domestic Plan
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Defined contribution plans, number of plans | plan	2
Maximum annual contribution per employee, percent	30.00%
Maximum annual contribution per employee, amount	$ 245,000
Other Plans | Domestic Plan | Minimum
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Matching contribution, percent of employees' salary	2.00%
Other Plans | Domestic Plan | Maximum
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Matching contribution, percent of employees' salary	6.00%
Other Plans | Mexico
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Defined contribution plans, number of plans | plan	3
Other Plans | U.K. and Europe
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Defined contribution plans, number of plans | plan	2
Salaried Employee | Other Plans | U.K. and Europe
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Maximum annual contribution per employee, percent	3.00%
Salaried Employee | Other Plans | U.K. and Europe | Minimum
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Matching contribution, percent of employees' salary	4.00%
Salaried Employee | Other Plans | U.K. and Europe | Maximum
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Matching contribution, percent of employees' salary	5.50%
Weekly Employee | Other Plans | U.K. and Europe
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Maximum annual contribution per employee, percent	1.00%
Matching contribution, percent of employees' salary	1.00%

PENSION AND OTHER POSTRETIREM_4

PENSION AND OTHER POSTRETIREMENT BENEFITS (Schedule of Defined Benefit Plan Obligations and Assets) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2018	Dec. 31, 2017	Dec. 25, 2016	Dec. 27, 2015
Change in plan assets:
Fair value of plan assets, beginning of year	$ 112,570
Fair value of plan assets, end of year	102,414	$ 112,570
Pension Benefits
Change in projected benefit obligation:
Projected benefit obligation, beginning of year	178,247	167,159
Interest cost	5,463	5,571	$ 5,585
Actuarial losses (gains)	(15,635)	15,745
Benefits paid	(10,456)	(10,228)
Settlements(a)	0	0
Projected benefit obligation, end of year	157,619	178,247	167,159
Change in plan assets:
Fair value of plan assets, beginning of year	112,570	97,526
Actual return on plan assets	(10,881)	12,325
Contributions by employer	11,181	12,947
Benefits paid	(10,456)	(10,228)
Settlements	0	0
Fair value of plan assets, end of year	102,414	112,570	97,526
Funded status:
Unfunded benefit obligation, end of year	(55,205)	(65,677)
Amounts recognized in the Consolidated Balance Sheets at end of year:
Current liability	(8,267)	(12,168)
Long-term liability	(46,938)	(53,509)
Recognized liability	(55,205)	(65,677)
Amounts recognized in accumulated other comprehensive loss at end of year:
Net actuarial loss (gain)	54,343	54,235	46,494	$ 38,115
Other Benefits
Change in projected benefit obligation:
Projected benefit obligation, beginning of year	1,603	1,648
Interest cost	46	51
Actuarial losses (gains)	(72)	68
Benefits paid	0	0
Settlements(a)	(115)	(164)
Projected benefit obligation, end of year	1,462	1,603	1,648
Change in plan assets:
Fair value of plan assets, beginning of year	0	0
Actual return on plan assets	0	0
Contributions by employer	115	164
Benefits paid	0	0
Settlements	(115)	(164)
Fair value of plan assets, end of year	0	0	0
Funded status:
Unfunded benefit obligation, end of year	(1,462)	(1,603)
Amounts recognized in the Consolidated Balance Sheets at end of year:
Current liability	(149)	(149)
Long-term liability	(1,313)	(1,454)
Recognized liability	(1,462)	(1,603)
Amounts recognized in accumulated other comprehensive loss at end of year:
Net actuarial loss (gain)	$ (34)	$ 35	$ (31)	$ (79)

PENSION AND OTHER POSTRETIREM_5

PENSION AND OTHER POSTRETIREMENT BENEFITS (Schedule of Net Periodic Benefit Cost (Income)) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2018	Dec. 31, 2017	Dec. 25, 2016
Pension Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Interest cost	$ 5,463	$ 5,571	$ 5,585
Estimated return on plan assets	(6,065)	(5,254)	(5,256)
Settlement loss (gain)	0	0	2,064
Amortization of net loss	1,203	932	659
Net cost	601	1,249	3,052
Other Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Interest cost	46	51	51
Estimated return on plan assets	0	0	0
Settlement loss (gain)	(3)	2	(2)
Amortization of net loss	0	0	0
Net cost	$ 43	$ 53	$ 49

PENSION AND OTHER POSTRETIREM_6

PENSION AND OTHER POSTRETIREMENT BENEFITS (Schedule of Economic Assumptions, and Impact of Change in Discount Rate on Benefit Obligation) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2018	Dec. 31, 2017	Dec. 25, 2016
Net pension and other postretirement cost:
Increase in Discount Rate of 0.25% - impact on defined benefit obligation for pension benefits	$ (3,924)
Decrease in Discount Rate of 0.25% - impact on defined benefit obligation for pension benefits	$ 4,122
Pension Benefits
Benefit obligation:
Discount rate	4.40%	3.69%	4.31%
Net pension and other postretirement cost:
Discount rate	3.69%	4.32%	4.47%
Expected return on plan assets	5.50%	5.50%	5.50%
Other Benefits
Benefit obligation:
Discount rate	4.07%	3.39%	3.81%
Net pension and other postretirement cost:
Discount rate	3.39%	3.81%	4.47%

PENSION AND OTHER POSTRETIREM_7

PENSION AND OTHER POSTRETIREMENT BENEFITS (Schedule of Plan Asset Allocations) (Details)	Dec. 30, 2018	Dec. 31, 2017
Defined Benefit Plan Disclosure [Line Items]
Total assets	100.00%	100.00%
Cash and cash equivalents
Defined Benefit Plan Disclosure [Line Items]
Total assets	0.00%	5.00%
Equity securities | Pooled separate accounts
Defined Benefit Plan Disclosure [Line Items]
Total assets	4.00%	5.00%
Equity securities | Common collective trusts funds
Defined Benefit Plan Disclosure [Line Items]
Total assets	45.00%	56.00%
Fixed income funds | Pooled separate accounts
Defined Benefit Plan Disclosure [Line Items]
Total assets	5.00%	4.00%
Fixed income funds | Common collective trusts funds
Defined Benefit Plan Disclosure [Line Items]
Total assets	41.00%	30.00%
Real estate | Common collective trusts funds
Defined Benefit Plan Disclosure [Line Items]
Total assets	5.00%	0.00%

PENSION AND OTHER POSTRETIREM_8

PENSION AND OTHER POSTRETIREMENT BENEFITS (Schedule of Fair Value Assumptions of Plan Assets) (Details) - USD ($) $ in Thousands	Dec. 30, 2018	Dec. 31, 2017
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Fair value of plan assets	$ 102,414	$ 112,570
Level 1
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Fair value of plan assets	110	6,128
Level 2
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Fair value of plan assets	102,304	106,442
Level 3
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Fair value of plan assets	0	0
Pooled separate accounts:
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Fair value of plan assets	110	6,128
Pooled separate accounts: | Level 1
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Fair value of plan assets	110	6,128
Pooled separate accounts: | Level 2
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Fair value of plan assets	0	0
Pooled separate accounts: | Level 3
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Fair value of plan assets	0	0
Large U.S. equity funds | Pooled separate accounts
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Fair value of plan assets	2,491	3,483
Large U.S. equity funds | Pooled separate accounts | Level 1
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Fair value of plan assets	0	0
Large U.S. equity funds | Pooled separate accounts | Level 2
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Fair value of plan assets	2,491	3,483
Large U.S. equity funds | Pooled separate accounts | Level 3
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Fair value of plan assets	0	0
Large U.S. equity funds | Common collective trusts funds
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Fair value of plan assets	17,351	22,695
Large U.S. equity funds | Common collective trusts funds | Level 1
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Fair value of plan assets	0	0
Large U.S. equity funds | Common collective trusts funds | Level 2
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Fair value of plan assets	17,351	22,695
Large U.S. equity funds | Common collective trusts funds | Level 3
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Fair value of plan assets	0	0
Small/Mid U.S. equity funds | Pooled separate accounts
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Fair value of plan assets	292	420
Small/Mid U.S. equity funds | Pooled separate accounts | Level 1
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Fair value of plan assets	0	0
Small/Mid U.S. equity funds | Pooled separate accounts | Level 2
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Fair value of plan assets	292	420
Small/Mid U.S. equity funds | Pooled separate accounts | Level 3
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Fair value of plan assets	0	0
Small/Mid U.S. equity funds | Common collective trusts funds
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Fair value of plan assets	5,880	20,592
Small/Mid U.S. equity funds | Common collective trusts funds | Level 1
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Fair value of plan assets	0	0
Small/Mid U.S. equity funds | Common collective trusts funds | Level 2
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Fair value of plan assets	5,880	20,592
Small/Mid U.S. equity funds | Common collective trusts funds | Level 3
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Fair value of plan assets	0	0
International equity funds | Pooled separate accounts
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Fair value of plan assets	1,489	1,665
International equity funds | Pooled separate accounts | Level 1
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Fair value of plan assets	0	0
International equity funds | Pooled separate accounts | Level 2
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Fair value of plan assets	1,489	1,665
International equity funds | Pooled separate accounts | Level 3
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Fair value of plan assets	0	0
International equity funds | Common collective trusts funds
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Fair value of plan assets	22,516	19,923
International equity funds | Common collective trusts funds | Level 1
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Fair value of plan assets	0	0
International equity funds | Common collective trusts funds | Level 2
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Fair value of plan assets	22,516	19,923
International equity funds | Common collective trusts funds | Level 3
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Fair value of plan assets	0	0
Fixed income funds | Pooled separate accounts
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Fair value of plan assets	4,763	4,799
Fixed income funds | Pooled separate accounts | Level 1
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Fair value of plan assets	0	0
Fixed income funds | Pooled separate accounts | Level 2
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Fair value of plan assets	4,763	4,799
Fixed income funds | Pooled separate accounts | Level 3
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Fair value of plan assets	0	0
Fixed income funds | Common collective trusts funds
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Fair value of plan assets	42,217	32,865
Fixed income funds | Common collective trusts funds | Level 1
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Fair value of plan assets	0	0
Fixed income funds | Common collective trusts funds | Level 2
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Fair value of plan assets	42,217	32,865
Fixed income funds | Common collective trusts funds | Level 3
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Fair value of plan assets	0	0
Real estate | Common collective trusts funds
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Fair value of plan assets	5,305	0
Real estate | Common collective trusts funds | Level 1
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Fair value of plan assets	0	0
Real estate | Common collective trusts funds | Level 2
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Fair value of plan assets	5,305	0
Real estate | Common collective trusts funds | Level 3
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Fair value of plan assets	$ 0	$ 0

PENSION AND OTHER POSTRETIREM_9

PENSION AND OTHER POSTRETIREMENT BENEFITS (Schedule of Benefit Payments) (Details) $ in Thousands	Dec. 30, 2018USD ($)
Pension Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
2,019	$ 17,972
2,020	11,526
2,021	11,200
2,022	10,891
2,023	10,627
2024-2028	48,429
Total	110,645
Other Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
2,019	149
2,020	147
2,021	145
2,022	141
2,023	137
2024-2028	589
Total	$ 1,308

PENSION AND OTHER POSTRETIRE_10

PENSION AND OTHER POSTRETIREMENT BENEFITS (Schedule of Unrecognized Benefit Amounts) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2018	Dec. 31, 2017	Dec. 25, 2016
Pension Benefits
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Net actuarial loss (gain), beginning of year	$ 54,235	$ 46,494	$ 38,115
Amortization	(1,203)	(932)	(659)
Settlement adjustments	0	0	(2,064)
Actuarial loss (gain)	(15,635)	15,745	10,305
Asset loss (gain)	16,946	(7,072)	797
Net actuarial loss (gain), end of year	54,343	54,235	46,494
Other Benefits
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Net actuarial loss (gain), beginning of year	35	(31)	(79)
Amortization	0	0	0
Settlement adjustments	3	(2)	2
Actuarial loss (gain)	(72)	68	46
Asset loss (gain)	0	0	0
Net actuarial loss (gain), end of year	$ (34)	$ 35	$ (31)

STOCKHOLDERS' EQUITY (Schedule

STOCKHOLDERS' EQUITY (Schedule of Changes in Accumulated Other Comprehensive Loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2018	Dec. 31, 2017	Dec. 25, 2016
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance, beginning of year	$ 1,855,661	$ 2,086,132	$ 2,659,875
Granite-Holdings Sarl common-control transaction		203,209
Other comprehensive income (loss) before reclassifications	(97,094)	95,590
Amounts reclassified from accumulated other comprehensive loss to net income	412	(81)
Impact of currency translation	(12)
Total other comprehensive income (loss), net of tax	(96,694)	95,509	(238,385)
Balance, end of year	2,019,585	1,855,661	2,086,132
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance, beginning of year	(31,140)	(329,858)	(91,473)
Total other comprehensive income (loss), net of tax	(96,694)	95,509	(238,385)
Balance, end of year	(127,834)	(31,140)	(329,858)
Losses Related to Foreign Currency Translation
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance, beginning of year	42,081	(265,714)
Granite-Holdings Sarl common-control transaction		204,577
Other comprehensive income (loss) before reclassifications	(97,851)	103,218
Amounts reclassified from accumulated other comprehensive loss to net income	0	0
Impact of currency translation	0
Total other comprehensive income (loss), net of tax	(97,851)	103,218
Balance, end of year	(55,770)	42,081	(265,714)
Unrealized Gains (Losses) on Derivative Financial Instruments Classified as Cash Flow Hedges
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance, beginning of year	(1,848)	99
Granite-Holdings Sarl common-control transaction		(1,368)
Other comprehensive income (loss) before reclassifications	829	60
Amounts reclassified from accumulated other comprehensive loss to net income	348	(639)
Impact of currency translation	(12)
Total other comprehensive income (loss), net of tax	1,165	(579)
Balance, end of year	(683)	(1,848)	99
Losses Related to Pension and Other Postretirement Benefits
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance, beginning of year	(71,434)	(64,243)
Granite-Holdings Sarl common-control transaction		0
Other comprehensive income (loss) before reclassifications	(939)	(7,770)
Amounts reclassified from accumulated other comprehensive loss to net income	910	579
Impact of currency translation	0
Total other comprehensive income (loss), net of tax	(29)	(7,191)
Balance, end of year	(71,463)	(71,434)	(64,243)
Unrealized Holding Gains on Available-for-Sale Securities
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance, beginning of year	61	0
Granite-Holdings Sarl common-control transaction		0
Other comprehensive income (loss) before reclassifications	867	82
Amounts reclassified from accumulated other comprehensive loss to net income	(846)	(21)
Impact of currency translation	0
Total other comprehensive income (loss), net of tax	21	61
Balance, end of year	$ 82	$ 61	$ 0

STOCKHOLDERS' EQUITY (Schedul_2

STOCKHOLDERS' EQUITY (Schedule of Reclassification from Accumulated Other Comprehensive Loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2018	Dec. 31, 2017	Dec. 25, 2016
Amortization of defined benefit pension and other postretirement plan actuarial losses:
Cost of sales	$ (10,094,308)	$ (9,296,249)	$ (8,774,581)
Miscellaneous, net	2,702	6,538	9,344
Interest income	13,811	7,730	2,301
2018-Miscellaneous, net; 2017-SG&A expense	(343,025)	(389,517)	(310,832)
Income before income taxes	332,227	982,066	724,036
Income tax expense	(85,423)	(263,899)	(243,919)
Net income	246,804	718,167	$ 480,117
Total | Amount Reclassified from Accumulated Other Comprehensive Loss
Amortization of defined benefit pension and other postretirement plan actuarial losses:
Income before income taxes	(433)	(259)
Income tax expense	21	340
Net income	(412)	81
Realized gain (loss) on settlement of derivative financial instruments classified as cash flow hedges | Amount Reclassified from Accumulated Other Comprehensive Loss
Amortization of defined benefit pension and other postretirement plan actuarial losses:
Cost of sales	(348)	639
Realized gain on sale of securities | Amount Reclassified from Accumulated Other Comprehensive Loss
Amortization of defined benefit pension and other postretirement plan actuarial losses:
Interest income	1,118	34
Amortization of pension and other postretirement plan actuarial losses | Amount Reclassified from Accumulated Other Comprehensive Loss | Union plan
Amortization of defined benefit pension and other postretirement plan actuarial losses:
Cost of sales		(24)
Miscellaneous, net	(49)
Amortization of pension and other postretirement plan actuarial losses | Amount Reclassified from Accumulated Other Comprehensive Loss | Legacy Gold Kits Plans
Amortization of defined benefit pension and other postretirement plan actuarial losses:
Cost of sales		(283)
Miscellaneous, net	(360)
Amortization of pension and other postretirement plan actuarial losses | Amount Reclassified from Accumulated Other Comprehensive Loss | Legacy Gold Kits Plans
Amortization of defined benefit pension and other postretirement plan actuarial losses:
Miscellaneous, net	$ (794)
2018-Miscellaneous, net; 2017-SG&A expense		$ (625)

STOCKHOLDERS' EQUITY (Narrative

STOCKHOLDERS' EQUITY (Narrative) (Details) - USD ($)	May 18, 2016	Dec. 31, 2018	Jul. 31, 2016	Dec. 31, 2018	Dec. 30, 2018	Dec. 31, 2017	Dec. 25, 2016	Oct. 31, 2018	Feb. 10, 2016	Jul. 28, 2015
Noncontrolling Interest [Line Items]
Share repurchase, authorized amount								$ 200,000,000	$ 300,000,000	$ 150,000,000
Shares repurchased under program (in shares)				15,600
Market value of shares repurchased under program				$ 200,000	$ 236,000	$ 14,641,000	$ 117,884,000
Special cash dividends	$ 700,000,000
Special cash dividends paid (in dollars per share)	$ 2.75
Capital contributions to subsidiary by noncontrolling participants		$ 1,400,000	$ 7,300,000		$ 1,421,000		$ 7,252,000
Consolidation, eliminations
Noncontrolling Interest [Line Items]
Additional capital contributed to subsidiary		$ 600,000	$ 2,700,000

INCENTIVE COMPENSATION (Narrati

INCENTIVE COMPENSATION (Narrative) (Details) - USD ($) shares in Millions	12 Months Ended
	Dec. 30, 2018	Dec. 31, 2017	Dec. 25, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Reserved common stock for future issuance under the LTIP (in shares)	4.1
Total fair value of the shares vested	$ 0	$ 16,300,000	$ 0
Total unrecognized compensation cost related to all nonvested awards	$ 11,400,000
Weighted average period unrecognized compensation cost is expected to be recognized	1 year 5 months 1 day
Short Term Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Accrued in costs related to the STIP	$ 11,100,000
JFC LLC Long-Term Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Accrued in costs related to the STIP	2,200,000
Moy Park Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Accrued in costs related to the STIP	$ 6,200,000

INCENTIVE COMPENSATION (Schedul

INCENTIVE COMPENSATION (Schedule of Awards) (Details) - RSUs - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 30, 2018	Dec. 31, 2017	Dec. 25, 2016	Dec. 27, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards Granted (in shares)	1,069,000	389,000	906,000	774,000
Grant Date Fair Value per Award (in dollars per share)	$ 23.05	$ 18.72	$ 24.35
Awards Forfeited to Date (in shares)	434,000	264,000	193,000
1/19/2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards Granted (in shares)	389,424
Grant Date Fair Value per Award (in dollars per share)	$ 18.38
Awards Forfeited to Date (in shares)	389,424
Percentage of awards forfeited	100.00%
2/14/2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards Granted (in shares)	410,000
Grant Date Fair Value per Award (in dollars per share)	$ 25.59
Awards Forfeited to Date (in shares)	0
3/1/2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards Granted (in shares)	163,764
Grant Date Fair Value per Award (in dollars per share)	$ 24.93
Awards Forfeited to Date (in shares)	12,107
Expected compensation cost	$ 4.1
3/1/2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards Granted (in shares)	266,478
Grant Date Fair Value per Award (in dollars per share)	$ 24.93
Awards Forfeited to Date (in shares)	32,452
Expected compensation cost	$ 6.6
5/10/2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards Granted (in shares)	11,144
Grant Date Fair Value per Award (in dollars per share)	$ 21.54
Awards Forfeited to Date (in shares)	0
12/18/2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards Granted (in shares)	262,500
Grant Date Fair Value per Award (in dollars per share)	$ 16.06
Awards Forfeited to Date (in shares)	0

INCENTIVE COMPENSATION (Sched_2

INCENTIVE COMPENSATION (Schedule of Compensation Cost and Income Tax Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2018	Dec. 31, 2017	Dec. 25, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation cost	$ 13,153	$ 3,019	$ 6,102
Income tax benefit	3,202	1,006	1,858
Cost of sales
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation cost	389	256	770
Selling, general and administrative expenses
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation cost	$ 12,764	$ 2,763	$ 5,332

INCENTIVE COMPENSATION (Sched_3

INCENTIVE COMPENSATION (Schedule of Restricted Share and Restricted Stock Unit Activity) (Details) - RSUs - $ / shares shares in Thousands	12 Months Ended
	Dec. 30, 2018	Dec. 31, 2017	Dec. 25, 2016
Number
Outstanding at beginning of year (in shares)	389	906	774
Granted (in shares)	1,114	461	325
Vested (in shares)	0	(714)	0
Forfeited (in shares)	(434)	(264)	(193)
Outstanding at end of year (in shares)	1,069	389	906
Weighted Average Grant Date Fair Value
Outstanding at beginning of period (in dollars per share)	$ 18.39	$ 20	$ 18.78
Granted (in dollars per share)	23.05	18.72	24.35
Vested (in dollars per share)	0	18.09	0
Forfeited (in dollars per share)	19.06	25.33	24.51
Outstanding at end of period (in dollars per share)	$ 22.97	$ 18.39	$ 20

RESTRUCTURING-RELATED ACTIVIT_3

RESTRUCTURING-RELATED ACTIVITIES (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Jun. 25, 2017	Dec. 30, 2018	Dec. 31, 2017
Restructuring Cost and Reserve [Line Items]
Expected future restructuring costs		$ 7,701
40 North Foods
Restructuring Cost and Reserve [Line Items]
Expected future restructuring costs		702
Expected future payments for restructuring		600
GNP Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Expected future restructuring costs			$ 7,000
Expected future payments for restructuring			5,400
Discontinued Operations, Held-for-sale | Alabama Processing Plant
Restructuring Cost and Reserve [Line Items]
Impairment charges, assets held for sale	$ 3,500		3,500
Discontinued Operations, Held-for-sale | Dublin Processing Plant
Restructuring Cost and Reserve [Line Items]
Impairment charges, assets held for sale			$ 1,500
Rose Energy, Ltd.
Restructuring Cost and Reserve [Line Items]
Impairment of tangible assets		$ 2,600

RESTRUCTURING-RELATED ACTIVIT_4

RESTRUCTURING-RELATED ACTIVITIES - Schedule of Expected Future Restructuring Costs (Details) $ in Thousands	Dec. 30, 2018USD ($)
Restructuring Cost and Reserve [Line Items]
Expected future restructuring costs	$ 7,701
Employee termination benefits
Restructuring Cost and Reserve [Line Items]
Expected future restructuring costs	4,523
Inventory impairments
Restructuring Cost and Reserve [Line Items]
Expected future restructuring costs	472
Asset impairments
Restructuring Cost and Reserve [Line Items]
Expected future restructuring costs	573
Other
Restructuring Cost and Reserve [Line Items]
Expected future restructuring costs	2,133
GNP
Restructuring Cost and Reserve [Line Items]
Expected future restructuring costs	6,999
GNP | Employee termination benefits
Restructuring Cost and Reserve [Line Items]
Expected future restructuring costs	4,074
GNP | Inventory impairments
Restructuring Cost and Reserve [Line Items]
Expected future restructuring costs	472
GNP | Asset impairments
Restructuring Cost and Reserve [Line Items]
Expected future restructuring costs	470
GNP | Other
Restructuring Cost and Reserve [Line Items]
Expected future restructuring costs	1,983
40 North Foods
Restructuring Cost and Reserve [Line Items]
Expected future restructuring costs	702
40 North Foods | Employee termination benefits
Restructuring Cost and Reserve [Line Items]
Expected future restructuring costs	449
40 North Foods | Inventory impairments
Restructuring Cost and Reserve [Line Items]
Expected future restructuring costs	0
40 North Foods | Asset impairments
Restructuring Cost and Reserve [Line Items]
Expected future restructuring costs	103
40 North Foods | Other
Restructuring Cost and Reserve [Line Items]
Expected future restructuring costs	$ 150

RESTRUCTURING-RELATED ACTIVIT_5

RESTRUCTURING-RELATED ACTIVITIES - Restructuring and Related Costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2018	Dec. 31, 2017	Dec. 25, 2016
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 4,765	$ 9,775	$ 1,069
GNP
Restructuring Cost and Reserve [Line Items]
Restructuring charges	1,473
Cash Outlays	1,565
GNP | Employee termination benefits
Restructuring Cost and Reserve [Line Items]
Restructuring charges	936
Cash Outlays	1,500
GNP | Inventory impairments
Restructuring Cost and Reserve [Line Items]
Restructuring charges	(227)
Cash Outlays	0
GNP | Asset impairments
Restructuring Cost and Reserve [Line Items]
Restructuring charges	781
Cash Outlays	0
GNP | Other
Restructuring Cost and Reserve [Line Items]
Restructuring charges	(17)
Cash Outlays	65
40 North Foods
Restructuring Cost and Reserve [Line Items]
Restructuring charges	2,140
Cash Outlays	2,043
40 North Foods | Employee termination benefits
Restructuring Cost and Reserve [Line Items]
Restructuring charges	449
Cash Outlays	449
40 North Foods | Inventory impairments
Restructuring Cost and Reserve [Line Items]
Restructuring charges	103
Cash Outlays	0
40 North Foods | Other
Restructuring Cost and Reserve [Line Items]
Restructuring charges	115
Cash Outlays	$ 29
GNP
Restructuring Cost and Reserve [Line Items]
Restructuring charges		4,832
Cash Outlays		2,581
GNP | Employee termination benefits
Restructuring Cost and Reserve [Line Items]
Restructuring charges		3,381
Cash Outlays		2,581
GNP | Inventory impairments
Restructuring Cost and Reserve [Line Items]
Restructuring charges		699
Cash Outlays		0
GNP | Other
Restructuring Cost and Reserve [Line Items]
Restructuring charges		752
Cash Outlays		$ 0

RESTRUCTURING-RELATED ACTIVIT_6

RESTRUCTURING-RELATED ACTIVITIES - Schedule of Restructuring Reserve (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2018	Dec. 31, 2017
GNP
Restructuring Cost and Reserve [Line Items]
Beginning liability or reserve	$ 2,251
Restructuring charges incurred	692	$ 4,832
Payments and disposals	(2,707)	(2,581)
Ending liability or reserve	236	2,251
GNP | Employee termination benefits
Restructuring Cost and Reserve [Line Items]
Beginning liability or reserve	800
Restructuring charges incurred	936	3,381
Payments and disposals	(1,500)	(2,581)
Ending liability or reserve	236	800
GNP | Inventory impairments
Restructuring Cost and Reserve [Line Items]
Beginning liability or reserve	699
Restructuring charges incurred	(227)	699
Payments and disposals	(472)	0
Ending liability or reserve	0	699
GNP | Other
Restructuring Cost and Reserve [Line Items]
Beginning liability or reserve	752
Restructuring charges incurred	(17)	752
Payments and disposals	(735)	0
Ending liability or reserve	0	752
40 North Foods
Restructuring Cost and Reserve [Line Items]
Beginning liability or reserve	0
Restructuring charges incurred	564	0
Payments and disposals	(478)	0
Ending liability or reserve	86	0
40 North Foods | Employee termination benefits
Restructuring Cost and Reserve [Line Items]
Beginning liability or reserve	0
Restructuring charges incurred	449	0
Payments and disposals	(449)	0
Ending liability or reserve	0	0
40 North Foods | Other
Restructuring Cost and Reserve [Line Items]
Beginning liability or reserve	0
Restructuring charges incurred	115	0
Payments and disposals	(29)	0
Ending liability or reserve	$ 86	$ 0

PUERTO RICO HURRICANE IMPACT (D

PUERTO RICO HURRICANE IMPACT (Details) - Hurricane Maria - Hurricane Maria bird in Millions, $ in Millions	Sep. 20, 2017USD ($)bird	Dec. 30, 2018USD ($)	Dec. 30, 2018USD ($)
Unusual or Infrequent Item, or Both [Line Items]
Number of years since last storm of similar magnitude	85 years
Number of birds lost | bird	2.1
Insurance proceeds	$ 11.9
Property and Casualty
Unusual or Infrequent Item, or Both [Line Items]
Estimated damages			$ 5.2
Business Interruption
Unusual or Infrequent Item, or Both [Line Items]
Estimated damages		$ 11.9	$ 15.1

RELATED PARTY TRANSACTIONS (Sch

RELATED PARTY TRANSACTIONS (Schedule of Related Party Transactions) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2018	Dec. 31, 2017	Dec. 25, 2016	Apr. 01, 2016	Mar. 07, 2016	Mar. 06, 2016
Related Party Transaction [Line Items]
Sales to related parties	$ 21,158	$ 46,723	$ 31,616
Cost of goods purchased from related parties	155,408	127,101	163,398
Expenditures paid by related parties	62,222	44,154	48,644
Expenditures paid on behalf of related parties	9,407	5,393	10,747
Other related party transactions:
Total other related party transactions	(525)	5,558	5,240
Accounts receivable from related parties	1,331	2,951
Accounts payable to related parties	7,269	2,889
Letter of credit fees
Other related party transactions:
Letter of credit fees	0	0	202
Tax sharing agreement
Other related party transactions:
Capital contribution (distribution) under tax sharing agreement	(525)	5,558	5,038
JBS USA Food Company
Related Party Transaction [Line Items]
Sales to related parties	13,843	15,289	16,534
Cost of goods purchased from related parties	117,596	101,685	139,476
Expenditures paid by related parties	62,189	40,313	40,519
Expenditures paid on behalf of related parties	9,192	5,376	10,586
Other related party transactions:
Accounts receivable from related parties	1,236	2,826
Accounts payable to related parties	5,121	440
Letter of credit, terminated				$ 16,500	$ 40,000
Interest paid	200
Goods in transit	1,100
JBS USA Food Company | Letter of credit
Other related party transactions:
Agreed reimbursement of debt, up to						$ 56,500
JBS Five Rivers
Related Party Transaction [Line Items]
Sales to related parties	7,096	31,004	14,126
JBS Global (UK) Ltd.
Related Party Transaction [Line Items]
Sales to related parties	0	44	122
Cost of goods purchased from related parties	21	0	0
JBS Chile Ltda.
Related Party Transaction [Line Items]
Sales to related parties	60	178	615
Expenditures paid by related parties	33	0	0
Other related party transactions:
Accounts receivable from related parties	0	108
Accounts payable to related parties	6	0
J&F Investimentos Ltd.
Related Party Transaction [Line Items]
Sales to related parties	0	104	69
Combo, Mercado de Congelados
Related Party Transaction [Line Items]
Sales to related parties	159	0	0
Other related party transactions:
Accounts receivable from related parties	79	0
JBS S.A.
Related Party Transaction [Line Items]
Cost of goods purchased from related parties	1,123	0	0
Expenditures paid by related parties	0	3,777	8,125
Expenditures paid on behalf of related parties	170	5	86
Seara International Ltd.
Related Party Transaction [Line Items]
Sales to related parties	0	104	4
Cost of goods purchased from related parties	0	11,236	2,746
Expenditures paid on behalf of related parties	45	0	72
Other related party transactions:
Accounts receivable from related parties	16	15
JBS Toledo NV
Related Party Transaction [Line Items]
Sales to related parties	0	0	143
Cost of goods purchased from related parties	445	231	123
Other related party transactions:
Accounts payable to related parties	0	39
Rigamonti Salumificio S.P.A.
Related Party Transaction [Line Items]
Sales to related parties	0	0	3
Cost of goods purchased from related parties	0	0	15
Expenditures paid on behalf of related parties	0	0	3
Seara Meats B.V.
Related Party Transaction [Line Items]
Cost of goods purchased from related parties	36,223	13,949	21,038
Expenditures paid on behalf of related parties	0	12	0
Other related party transactions:
Accounts receivable from related parties	0	2
Accounts payable to related parties	2,142	2,410
Seara Alimentos
Related Party Transaction [Line Items]
Expenditures paid by related parties	$ 0	$ 64	$ 0

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Narrative) (Details) R$ in Millions	Jun. 04, 2018BRL (R$)	Jun. 05, 2017BRL (R$)	Oct. 13, 2016producer	Dec. 30, 2018USD ($)	Dec. 31, 2017USD ($)	Dec. 25, 2016USD ($)	Jan. 31, 2019claim
Other Commitments [Line Items]
Outstanding purchase contracts, payable in 2019				$ 433,800,000
Outstanding purchase contracts, payable in 2020				6,700,000
Outstanding purchase contracts, payable in 2021				0
Rental expense for operating leases				60,300,000	$ 59,000,000	$ 56,900,000
Maximum potential amount of residual value guarantees				$ 55,900,000
Number of other producers named in lawsuit | producer			13
Minimum
Other Commitments [Line Items]
Operating leases, terms of lease maturities				1 year
Maximum
Other Commitments [Line Items]
Operating leases, terms of lease maturities				10 years
Leniency Agreement
Other Commitments [Line Items]
Litigation settlement, amount awarded to other party | R$		R$ 10300.0
Litigation settlement, payment period		25 years
Payments for settlements | R$	R$ 50.0
Tax Year 2009 | Mexican Tax Authority | Foreign Tax Authority
Other Commitments [Line Items]
Estimate of possible loss				$ 24,300,000
Tax Year 2010 | Mexican Tax Authority | Foreign Tax Authority
Other Commitments [Line Items]
Estimate of possible loss				$ 16,100,000
Subsequent Event
Other Commitments [Line Items]
Number of complaints filed | claim							18

COMMITMENTS AND CONTINGENCIES_3

COMMITMENTS AND CONTINGENCIES (Schedule of Future Minimum Payments) (Details) $ in Thousands	Dec. 30, 2018USD ($)
Commitments and Contingencies Disclosure [Abstract]
2,019	$ 84,220
2,020	63,196
2,021	53,908
2,022	45,557
2,023	36,136
Thereafter	66,637
Total	$ 349,654

MARKET RISKS AND CONCENTRATIO_2

MARKET RISKS AND CONCENTRATIONS (Details) $ in Millions	12 Months Ended
	Dec. 30, 2018USD ($)employee	Dec. 31, 2017USD ($)
Concentration Risk [Line Items]
Number of employees	52,100
Period over which there have been no labor-related work stoppages	10 years
U.S.
Concentration Risk [Line Items]
Number of employees	31,100
Mexico
Concentration Risk [Line Items]
Number of employees	10,700
Aggregate carrying amount of net assets | $	$ 829.7	$ 711.2
U.K. and Europe
Concentration Risk [Line Items]
Number of employees	10,300
Aggregate carrying amount of net assets | $	$ 1,600	$ 1,400
Net sales
Concentration Risk [Line Items]
Concentration risk, percentage	6.30%
Workforce subject to collective bargaining agreements
Concentration Risk [Line Items]
Concentration risk, percentage	37.10%

BUSINESS SEGMENT AND GEOGRAPH_3

BUSINESS SEGMENT AND GEOGRAPHIC REPORTING (Narrative) (Details)	12 Months Ended
	Dec. 30, 2018segment
Segment Reporting [Abstract]
Number of reportable business segments	3

BUSINESS SEGMENT AND GEOGRAPH_4

BUSINESS SEGMENT AND GEOGRAPHIC REPORTING (Schedule of Net Sales, Operating Income, Depreciation and Amortization and Long-lived Assets) (Details) - USD ($) $ in Thousands	3 Months Ended												12 Months Ended
	Dec. 30, 2018	Sep. 30, 2018	Jul. 01, 2018	Apr. 01, 2018	Dec. 31, 2017	Sep. 24, 2017	Jun. 25, 2017	Mar. 26, 2017	Dec. 25, 2016	Sep. 25, 2016	Jun. 26, 2016	Mar. 27, 2016	Dec. 30, 2018	Dec. 31, 2017	Dec. 25, 2016
Segment Reporting Information [Line Items]
Depreciation and amortization													$ 279,657	$ 277,792	$ 231,708
Net sales to customers by customer location:
Total	$ 2,656,789	$ 2,697,604	$ 2,836,713	$ 2,746,678	$ 2,742,352	$ 2,793,885	$ 2,752,286	$ 2,479,340	$ 2,370,883	$ 2,495,281	$ 2,551,990	$ 2,460,410	10,937,784	10,767,863	9,878,564
Operating income
Total operating income													495,686	1,072,322	792,082
Interest expense, net of capitalized interest													162,812	107,183	75,636
Interest income													(13,811)	(7,730)	(2,301)
Foreign currency transaction gain													17,160	(2,659)	4,055
Miscellaneous, net													(2,702)	(6,538)	(9,344)
Income before income taxes													332,227	982,066	724,036
Long-lived assets:
Total	2,161,702				2,095,147								2,161,702	2,095,147
U.S.
Net sales to customers by customer location:
Total													7,173,280	7,452,758	6,460,787
Mexico
Net sales to customers by customer location:
Total													1,411,727	1,019,170	1,180,947
Asia
Net sales to customers by customer location:
Total													158,864	136,144	101,209
Canada, Caribbean and Central America
Net sales to customers by customer location:
Total													26,450	114,543	152,516
Africa
Net sales to customers by customer location:
Total													21,286	29,905	17,117
U.K. and Europe
Net sales to customers by customer location:
Total													2,134,822	2,000,843	1,952,192
South America
Net sales to customers by customer location:
Total													10,704	13,279	11,955
Pacific
Net sales to customers by customer location:
Total													651	1,221	1,841
U.S.
Net sales to customers by customer location:
Total													7,425,661	7,443,222	6,671,403
Long-lived assets:
Total	1,506,217				1,437,220								1,506,217	1,437,220
U.K. and Europe
Net sales to customers by customer location:
Total													2,148,666	1,996,319	1,947,441
Long-lived assets:
Total	359,621				368,521								359,621	368,521
Mexico
Net sales to customers by customer location:
Total													1,363,457	1,328,322	1,259,720
Long-lived assets:
Total	$ 295,864				$ 289,406								295,864	289,406
Operating Segments | U.S.
Segment Reporting Information [Line Items]
Depreciation and amortization													201,126	199,749	151,527
Operating income
Total operating income													291,381	841,492	572,558
Operating Segments | U.K. and Europe
Segment Reporting Information [Line Items]
Depreciation and amortization													51,108	51,040	51,193
Operating income
Total operating income													84,524	77,105	78,572
Operating Segments | Mexico
Segment Reporting Information [Line Items]
Depreciation and amortization													27,423	27,003	28,988
Operating income
Total operating income													119,649	153,631	140,857
Elimination
Operating income
Total operating income													$ 132	$ 94	$ 95

BUSINESS SEGMENT AND GEOGRAPH_5

BUSINESS SEGMENT AND GEOGRAPHIC REPORTING (Schedule of Sales by Product Lines) (Details) - USD ($) $ in Thousands	3 Months Ended												12 Months Ended
	Dec. 30, 2018	Sep. 30, 2018	Jul. 01, 2018	Apr. 01, 2018	Dec. 31, 2017	Sep. 24, 2017	Jun. 25, 2017	Mar. 26, 2017	Dec. 25, 2016	Sep. 25, 2016	Jun. 26, 2016	Mar. 27, 2016	Dec. 30, 2018	Dec. 31, 2017	Dec. 25, 2016
Segment Reporting Information [Line Items]
Total	$ 2,656,789	$ 2,697,604	$ 2,836,713	$ 2,746,678	$ 2,742,352	$ 2,793,885	$ 2,752,286	$ 2,479,340	$ 2,370,883	$ 2,495,281	$ 2,551,990	$ 2,460,410	$ 10,937,784	$ 10,767,863	$ 9,878,564
Total chicken
Segment Reporting Information [Line Items]
Total													10,416,345	10,125,690	9,344,901
Total other products
Segment Reporting Information [Line Items]
Total													521,439	642,173	533,663
U.S.
Segment Reporting Information [Line Items]
Total													7,425,661
U.S. | Fresh chicken
Segment Reporting Information [Line Items]
Total													5,959,458	5,700,503	4,627,137
U.S. | Prepared chicken
Segment Reporting Information [Line Items]
Total													773,983	950,378	1,269,010
U.S. | Export and other chicken
Segment Reporting Information [Line Items]
Total													258,732	213,595	313,827
U.S. | Total chicken
Segment Reporting Information [Line Items]
Total													6,992,173	6,864,476	6,209,974
U.S. | Total other products
Segment Reporting Information [Line Items]
Total													433,488	578,746	461,429
U.K. and Europe
Segment Reporting Information [Line Items]
Total													2,148,666
U.K. and Europe | Fresh chicken
Segment Reporting Information [Line Items]
Total													925,124	846,575	811,127
U.K. and Europe | Prepared chicken
Segment Reporting Information [Line Items]
Total													865,864	792,284	794,880
U.K. and Europe | Export and other chicken
Segment Reporting Information [Line Items]
Total													303,921	318,699	283,276
U.K. and Europe | Total chicken
Segment Reporting Information [Line Items]
Total													2,094,909	1,957,558	1,889,283
U.K. and Europe | Total other products
Segment Reporting Information [Line Items]
Total													53,757	38,761	58,158
Mexico
Segment Reporting Information [Line Items]
Total													1,363,457
Mexico | Fresh chicken
Segment Reporting Information [Line Items]
Total													1,252,403	1,245,144	1,154,355
Mexico | Prepared chicken
Segment Reporting Information [Line Items]
Total													76,860	58,512	91,289
Mexico | Total chicken
Segment Reporting Information [Line Items]
Total													1,329,263	1,303,656	1,245,644
Mexico | Total other products
Segment Reporting Information [Line Items]
Total													$ 34,194	$ 24,666	$ 14,076

QUARTERLY RESULTS (UNAUDITED)_2

QUARTERLY RESULTS (UNAUDITED) (Details) - USD ($) $ / shares in Units, $ in Thousands	Jan. 06, 2017	Dec. 30, 2018	Sep. 30, 2018	Jul. 01, 2018	Apr. 01, 2018	Dec. 31, 2017	Sep. 24, 2017	Jun. 25, 2017	Mar. 26, 2017	Dec. 25, 2016	Sep. 25, 2016	Jun. 26, 2016	Mar. 27, 2016	Dec. 30, 2018	Dec. 31, 2017	Dec. 25, 2016	Dec. 30, 2018	Sep. 08, 2017
Business Acquisition [Line Items]
Net sales		$ 2,656,789	$ 2,697,604	$ 2,836,713	$ 2,746,678	$ 2,742,352	$ 2,793,885	$ 2,752,286	$ 2,479,340	$ 2,370,883	$ 2,495,281	$ 2,551,990	$ 2,460,410	$ 10,937,784	$ 10,767,863	$ 9,878,564
Gross profit		111,848	169,741	274,222	287,665	261,804	478,584	474,838	256,388	228,870	253,060	337,796	284,257	843,476	1,471,614	1,103,983
Net income (loss) attributable to PPC common stockholders		$ (7,324)	$ 29,310	$ 106,541	$ 119,418	$ 134,337	$ 232,680	$ 233,641	$ 93,921	$ 70,618	$ 98,657	$ 152,886	$ 118,371	$ 247,945	$ 694,579	$ 440,532
Net income per share amounts - basic (in dollars per share)		$ (0.03)	$ 0.12	$ 0.43	$ 0.48	$ 0.54	$ 0.94	$ 0.94	$ 0.38	$ 0.29	$ 0.39	$ 0.60	$ 0.46	$ 1	$ 2.79	$ 1.74
Net income per share amounts - diluted (in dollars per share)		$ (0.03)	$ 0.12	$ 0.43	$ 0.48	$ 0.54	$ 0.93	$ 0.94	$ 0.38	$ 0.28	$ 0.39	$ 0.60	$ 0.46	$ 1	$ 2.79	$ 1.73
Payments to acquire business														$ 0	$ 658,520	$ 0
Luverne, Minnesota | Discontinued Operations, Disposed of by Means Other than Sale, Closure
Business Acquisition [Line Items]
Impairment charges, assets held for sale and disposed			$ 300		$ 500
Rose Energy, Ltd. | Discontinued Operations, Disposed of by Means Other than Sale, Closure
Business Acquisition [Line Items]
Impairment charges, assets held for sale and disposed			$ 2,600
Alabama Processing Plant | Discontinued Operations, Held-for-sale
Business Acquisition [Line Items]
Impairment charges, assets held for sale and disposed								$ 3,500							3,500
Dallas Processing Plant | Discontinued Operations, Held-for-sale
Business Acquisition [Line Items]
Impairment charges, assets held for sale and disposed										$ 800
Louisiana Processing Plant | Discontinued Operations, Held-for-sale
Business Acquisition [Line Items]
Impairment charges, assets held for sale and disposed										$ 300
GNP
Business Acquisition [Line Items]
Transaction costs	$ 600								$ 600
Percentage of equity acquired	100.00%
Payments to acquire business	$ 350,000
Moy Park
Business Acquisition [Line Items]
Transaction costs					$ 200	$ 4,500	$ 15,000								$ 4,500			$ 19,900
Percentage of equity acquired																		100.00%
Hurricane Maria | Business Interruption | Hurricane Michael
Business Acquisition [Line Items]
Reorganization charges		$ 3,000
Hurricane Maria | Business Interruption | Hurricane Maria
Business Acquisition [Line Items]
Reorganization charges		$ 11,900															$ 15,100
Leasehold Improvements
Business Acquisition [Line Items]
Impairment of leasehold improvements				$ 100										$ 100

SCHEDULE II VALUATION AND QUA_2

SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2018	Dec. 31, 2017	Dec. 25, 2016
Allowance for Doubtful Accounts
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Beginning Balance	$ 8,145	$ 6,661	$ 9,381
Additions, Charged to Operating Results	1,633	2,683	1,172
Additions, Charged to Other Accounts	(39)	339	(452)
Deductions	1,682	1,538	3,440
Ending Balance	8,057	8,145	6,661
Allowance for Sales Adjustments
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Beginning Balance	9,477	4,874	5,662
Additions, Charged to Operating Results	254,135	185,198	199,423
Additions, Charged to Other Accounts	0	0	0
Deductions	250,625	180,595	200,211
Ending Balance	12,987	9,477	4,874
Valuation Allowance
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Beginning Balance	14,479	25,611	27,300
Additions, Charged to Operating Results	11,776	0	0
Additions, Charged to Other Accounts	0	0	0
Deductions	105	11,132	1,689
Ending Balance	$ 26,150	$ 14,479	$ 25,611