DARLING INGREDIENTS INC., 10-K filed on 3/3/2026
Annual Report
v3.25.4
Cover - USD ($)
12 Months Ended
Jan. 03, 2026
Feb. 26, 2026
Jun. 28, 2025
Document and Entity Information [Abstract]      
Title of 12(b) Security Common Stock $0.01 par value per share    
Entity Incorporation, State or Country Code DE    
Document Annual Report true    
Entity Registrant Name DARLING INGREDIENTS INC.    
Entity Central Index Key 0000916540    
Current Fiscal Year End Date --01-03    
Entity Filer Category Large Accelerated Filer    
Document Type 10-K    
Document Period End Date Jan. 03, 2026    
Document Fiscal Year Focus 2025    
Document Fiscal Period Focus FY    
Amendment Flag false    
Entity Small Business false    
Entity Emerging Growth Company false    
Entity Shell Company false    
Entity Public Float     $ 5,963,190,000
Entity Common Stock, Shares Outstanding   158,603,548  
Entity Well-known Seasoned Issuer Yes    
Entity Voluntary Filers No    
Entity Current Reporting Status Yes    
Entity Interactive Data Current Yes    
Document Transition Report false    
Entity Tax Identification Number 36-2495346    
Entity Address, Address Line One 5601 N MacArthur Blvd.,    
Entity Address, City or Town Irving,    
Entity Address, State or Province TX    
Entity Address, Postal Zip Code 75038    
Trading Symbol DAR    
Security Exchange Name NYSE    
Entity File Number 001-13323    
City Area Code 972    
Local Phone Number 717-0300    
Documents Incorporated by Reference [Text Block]
DOCUMENTS INCORPORATED BY REFERENCE
 
Selected designated portions of the Registrant's definitive Proxy Statement in connection with the Registrant’s 2026 Annual Meeting of stockholders are incorporated by reference into Part III of this Annual Report.
   
ICFR Auditor Attestation Flag true    
Auditor Name KPMG LLP    
Auditor Location Dallas, Texas    
Auditor Firm ID 185    
Document Financial Statement Error Correction [Flag] false    
v3.25.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jan. 03, 2026
Dec. 28, 2024
Current assets:    
Cash and cash equivalents $ 88,671 $ 75,973
Restricted cash 16,686 37,579
Inventories 527,738 576,837
Prepaid expenses 85,179 81,286
Income taxes refundable 8,281 35,063
Assets held for sale 143,479 0
Other current assets 40,127 42,114
Total current assets 1,553,366 1,439,436
Property, plant and equipment, net 2,796,139 2,713,669
Intangible assets, net 845,003 898,412
Goodwill 2,459,031 2,322,593
Investment in unconsolidated subsidiaries 2,206,827 2,263,709
Operating right-of-use assets, net 223,705 210,692
Other assets 190,175 199,594
Deferred income taxes 24,536 22,368
Total assets 10,298,782 10,070,473
Current liabilities:    
Current portion of long-term debt 75,217 133,020
Accounts payable, principally trade 371,084 348,705
Income taxes payable 16,018 9,723
Operating lease liability, current 61,745 62,761
Liabilities to be disposed of 25,085 0
Accrued expenses 485,498 489,295
Total current liabilities 1,034,647 1,043,504
Long-term debt, net of current portion 3,862,243 3,908,978
Operating lease liability, non-current 162,362 152,327
Other noncurrent liabilities 189,454 208,350
Deferred income taxes 240,561 293,022
Total liabilities 5,489,267 5,606,181
Commitments and contingencies
Stockholders’ equity:    
Common stock, $0.01 par value; 250,000,000 shares authorized, 175,643,373 and 174,965,834 shares issued at January 3, 2026 and December 28, 2024, respectively 1,756 1,750
Additional paid-in capital 1,718,686 1,720,877
Treasury stock, at cost; 17,450,028 and 16,068,364 shares at January 3, 2026 and December 28, 2024, respectively (719,280) (672,710)
Accumulated other comprehensive loss (339,189) (684,241)
Retained earnings 4,074,938 4,012,134
Total Darling's stockholders’ equity 4,736,911 4,377,810
Noncontrolling interests 72,604 86,482
Total stockholders’ equity 4,809,515 4,464,292
Total liabilities and stockholders' equity 10,298,782 10,070,473
Nonrelated Party    
Current assets:    
Accounts receivable 609,492 581,108
Related Party    
Current assets:    
Accounts receivable $ 33,713 $ 9,476
v3.25.4
Consolidated Balance Sheets (Parentheticals) - USD ($)
$ in Thousands
Jan. 03, 2026
Dec. 28, 2024
Assets [Abstract]    
Accounts Receivable, Allowance for Credit Loss, Current $ 15,589 $ 16,166
Stockholders’ equity:    
Common stock, par value (in usd per share) $ 0.01 $ 0.01
Common stock, shares authorized (in shares) 250,000,000 250,000,000
Common stock, shares, issued (in shares) 175,643,373 174,965,834
Treasury stock (in shares) 17,450,028 16,068,364
v3.25.4
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Jan. 03, 2026
Dec. 28, 2024
Dec. 30, 2023
Total net sales $ 6,135,877 $ 5,715,175 $ 6,788,080
Costs and expenses:      
Cost of sales and operating expenses 4,662,419 4,437,337 5,143,060
Gain on sale of assets (340) (4,157) (7,421)
Selling, general and administrative expenses 551,158 492,105 542,534
Restructuring and asset impairment charges 57,960 5,794 18,553
Depreciation and amortization 508,504 503,825 502,015
Acquisition and integration costs 15,942 7,842 13,884
Change in fair value of contingent consideration 18,024 (46,706) (7,891)
Total costs and expenses 5,813,667 5,396,040 6,204,734
Equity in net income of Diamond Green Diesel (48,770) 149,082 366,380
Operating income 273,440 468,217 949,726
Other expense:      
Interest expense (222,279) (253,858) (259,223)
Loss on early retirement of debt (2,978) 0 0
Foreign currency gain/(loss) (384) (1,154) 8,133
Other income, net 468 22,309 16,310
Total other expense (225,173) (232,703) (234,780)
Equity in net income of other unconsolidated subsidiaries 12,759 11,994 5,011
Income before income taxes 61,026 247,508 719,957
Income tax expense/(benefit) (9,359) (38,337) 59,568
Net income 70,385 285,845 660,389
Net income attributable to noncontrolling interests (7,581) (6,965) (12,663)
Net income attributable to Darling $ 62,804 $ 278,880 $ 647,726
Net income per share:      
Basic (in dollars per share) $ 0.40 $ 1.75 $ 4.05
Diluted (in dollars per share) $ 0.39 $ 1.73 $ 3.99
Nonrelated Party      
Total net sales $ 4,938,147 $ 4,746,292 $ 5,460,259
Related Party      
Total net sales $ 1,197,730 $ 968,883 $ 1,327,821
v3.25.4
Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Jan. 03, 2026
Dec. 28, 2024
Dec. 30, 2023
Net income $ 70,385 $ 285,845 $ 660,389
Other comprehensive income (Loss), net of tax:      
Foreign currency translation 292,333 (415,142) 139,651
Pension adjustments 9,302 2,809 2,284
Total other comprehensive income/(loss), net of tax 340,644 (483,888) 182,489
Total comprehensive income/(loss) 411,029 (198,043) 842,878
Comprehensive income attributable to noncontrolling interests 3,173 8,972 9,624
Comprehensive income/(loss) attributable to Darling 407,856 (207,015) 833,254
Commodity derivative adjustments      
Other comprehensive income (Loss), net of tax:      
Derivative adjustments 9,239 (33,102) 33,813
Foreign exchange derivative adjustments      
Other comprehensive income (Loss), net of tax:      
Derivative adjustments 34,241 (39,746) 3,732
Interest rate swap derivative adjustments      
Other comprehensive income (Loss), net of tax:      
Derivative adjustments $ (4,471) $ 1,293 $ 3,009
v3.25.4
Consolidated Statements of Stockholders’ Equity - USD ($)
$ in Thousands
Total
Parent [Member]
Common Stock
Additional Paid-In Capital
Treasury Stock
Accumulated Other Comprehensive Loss
Retained Earnings
Non-controlling Interests
Commodity derivative adjustments
Commodity derivative adjustments
Parent [Member]
Commodity derivative adjustments
Accumulated Other Comprehensive Loss
Foreign exchange derivative adjustments
Foreign exchange derivative adjustments
Parent [Member]
Foreign exchange derivative adjustments
Accumulated Other Comprehensive Loss
Interest rate swap derivative adjustments
Interest rate swap derivative adjustments
Parent [Member]
Interest rate swap derivative adjustments
Accumulated Other Comprehensive Loss
Balance (in shares) at Dec. 31, 2022     159,969,596                            
Stockholders' Equity, Beginning Balance at Dec. 31, 2022 $ 3,896,490 $ 3,809,023 $ 1,736 $ 1,660,084 $ (554,451) $ (383,874) $ 3,085,528 $ 87,467                  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                  
Net income 660,389 647,726         647,726 12,663                  
Distribution of noncontrolling interest earnings (9,036)             (9,036)                  
Additions to noncontrolling interests 205             205                  
Pension adjustments, net of tax 2,284 2,284       2,284                      
Derivative adjustments                 $ 33,813 $ 33,813 $ 33,813 $ 3,732 $ 3,732 $ 3,732 $ 3,009 $ 3,009 $ 3,009
Foreign currency translation adjustments 139,651 142,690       142,690   (3,039)                  
Stock Issued During Period, Value, Restricted Stock Award, Gross 186 186   186                          
Stock-based compensation 32,970 32,970   32,970                          
Treasury stock (in shares)     (1,270,689)                            
Treasury stock (74,557) (74,557)     (74,557)                        
Issuance of common stock (in shares)     834,882                            
Issuance of common stock 4,555 4,555 $ 8 4,547                          
Balance (in shares) at Dec. 30, 2023     159,533,789                            
Stockholders' Equity, Ending Balance at Dec. 30, 2023 4,693,691 4,605,431 $ 1,744 1,697,787 (629,008) (198,346) 3,733,254 88,260                  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                  
Net income 285,845 278,880         278,880 6,965                  
Distribution of noncontrolling interest earnings (10,750)             (10,750)                  
Pension adjustments, net of tax 2,809 2,809       2,809                      
Derivative adjustments                 (33,102) (33,102) (33,102) (39,746) (39,746) (39,746) 1,293 1,293 1,293
Foreign currency translation adjustments (415,142) (417,149)       (417,149)   2,007                  
Stock Issued During Period, Value, Restricted Stock Award, Gross 185 185   185                          
Stock-based compensation 20,733 20,733   20,733                          
Treasury stock (in shares)     (1,174,172)                            
Treasury stock (43,702) (43,702)     (43,702)                        
Issuance of common stock (in shares)     537,853                            
Issuance of common stock 2,178 2,178 $ 6 2,172                          
Balance (in shares) at Dec. 28, 2024     158,897,470                            
Stockholders' Equity, Ending Balance at Dec. 28, 2024 4,464,292 4,377,810 $ 1,750 1,720,877 (672,710) (684,241) 4,012,134 86,482                  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                  
Net income 70,385 62,804         62,804 7,581                  
Distribution of noncontrolling interest earnings (5,448)             (5,448)                  
Acquisition of noncontrolling interests (42,654) (29,488)   (29,488)       (13,166)                  
Sale of noncontrolling interests 1,563             1,563                  
Pension adjustments, net of tax 9,302 9,302       9,302                      
Derivative adjustments                 $ 9,239 $ 9,239 $ 9,239 $ 34,241 $ 34,241 $ 34,241 $ (4,471) $ (4,471) $ (4,471)
Foreign currency translation adjustments 292,333 296,741       296,741   (4,408)                  
Stock Issued During Period, Value, Restricted Stock Award, Gross 33 33   33                          
Stock-based compensation 21,762 21,762   21,762                          
Treasury stock (in shares)     (1,381,664)                            
Treasury stock (46,570) (46,570)     (46,570)                        
Issuance of common stock (in shares)     677,539                            
Issuance of common stock 5,508 5,508 $ 6 5,502                          
Balance (in shares) at Jan. 03, 2026     158,193,345                            
Stockholders' Equity, Ending Balance at Jan. 03, 2026 $ 4,809,515 $ 4,736,911 $ 1,756 $ 1,718,686 $ (719,280) $ (339,189) $ 4,074,938 $ 72,604                  
v3.25.4
Consolidated Statements of Stockholders’ Equity (Parenthetical) - $ / shares
Jan. 03, 2026
Dec. 28, 2024
Statement of Stockholders' Equity [Abstract]    
Common stock, par value (in usd per share) $ 0.01 $ 0.01
v3.25.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jan. 03, 2026
Dec. 28, 2024
Dec. 30, 2023
Cash flows from operating activities:      
Net income $ 70,385 $ 285,845 $ 660,389
     Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 508,504 503,825 502,015
Deferred income taxes (79,066) (186,390) (22,241)
Gain on sale of assets (340) (4,157) (7,421)
Asset impairment charges 57,797 0 4,734
Change in fair value of contingent consideration 18,024 (46,706) (7,891)
Gain on insurance proceeds from insurance settlement 0 (19,021) (14,014)
Increase/(decrease) in long-term pension liability 3,487 200 (1,040)
Stock-based compensation expense 21,795 20,918 33,156
Loss on early retirement of debt 2,978 0 0
Write-off deferred loan costs 0 0 653
Deferred loan cost amortization 5,504 5,620 6,216
Equity in net (income)/loss of Diamond Green Diesel and other unconsolidated subsidiaries 36,011 (161,076) (371,391)
Distributions of earnings from Diamond Green Diesel and other unconsolidated subsidiaries 371,767 184,915 168,277
          Changes in operating assets and liabilities, net                    of effects from acquisitions:      
Accounts receivable (50,085) 179,835 (10,832)
Income taxes refundable/payable 33,443 (17,340) (39,933)
Inventories and prepaid expenses 23,998 163,783 49,582
Accounts payable and accrued expenses 27,367 (17,881) (82,939)
Other 8,150 (53,081) 31,943
Net cash provided by operating activities 1,059,719 839,289 899,263
Cash flows from investing activities:      
Capital expenditures (380,477) (332,465) (555,480)
Acquisitions, net of cash acquired 0 (116,712) (1,093,183)
Investment in Diamond Green Diesel (328,228) (90,000) (75,000)
Investment in other unconsolidated subsidiaries 0 (27) (27)
Loan to Diamond Green Diesel (25,000) (100,000) 0
Loan repayment from Diamond Green Diesel 25,000 100,000 25,000
Gross proceeds from sale of property, plant and equipment and other assets 12,242 21,301 10,748
Proceeds from insurance settlement 15,028 19,021 14,014
Payments related to routes and other intangibles (12) (16) (1,524)
Net cash used in investing activities (681,447) (498,898) (1,675,452)
Cash flows from financing activities:      
Proceeds from long-term debt 1,102,242 5,929 817,101
Payments on long-term debt (1,611,388) (52,238) (319,367)
Borrowings from revolving credit facility 1,954,403 1,437,501 2,666,360
Payments on revolving credit facility (1,621,852) (1,779,455) (2,194,902)
Net cash overdraft financing (4,068) 41,454 (9,780)
Acquisition hold-back payments (39,668) (157) (3,793)
Contingent consideration payments (52,693) 0 0
Deferred loan costs (18,329) 0 (9)
Issuance of common stock 413 447 0
Repurchase of common stock (34,668) (34,272) (52,941)
Minimum withholding taxes paid on stock awards (6,910) (7,987) (17,296)
Sale of noncontrolling interest in subsidiary 3,249 0 0
Acquisition of noncontrolling interest (42,086) 0 0
Distributions to noncontrolling interests (5,371) (10,785) (9,081)
Net cash provided/(used) in financing activities (376,726) (399,563) 876,292
Effect of exchange rate changes on cash flows (15,315) 12,029 14,179
Net increase/(decrease) in cash, cash equivalents and restricted cash (13,769) (47,143) 114,282
Cash, cash equivalents and restricted cash at beginning of year 217,307 264,450 150,168
Cash, cash equivalents and restricted cash at end of year $ 203,538 $ 217,307 $ 264,450
v3.25.4
General
12 Months Ended
Jan. 03, 2026
General [Abstract]  
GENERAL GENERAL
(a)     NATURE OF OPERATIONS

Darling Ingredients Inc., a Delaware corporation (“Darling”, and together with its subsidiaries, the “Company” or “we”, “us” or “our”), is a global developer and producer of sustainable natural ingredients from edible and inedible bio-nutrients, creating a wide range of ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy and fertilizer industries.  The Company’s business operations are conducted through a global network of over 260 locations across five continents within three business segments, Feed Ingredients, Food Ingredients and Fuel Ingredients. Comparative segment revenues and related financial information are presented in Note 22 to the consolidated financial statements.

(b)SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

(1)     Basis of Presentation

The consolidated financial statements include the accounts of Darling and its consolidated subsidiaries. Noncontrolling interests represent the outstanding ownership interest in the Company’s consolidated subsidiaries that are not owned by the Company. In the accompanying Consolidated Statements of Operations, the noncontrolling interest in net income of the consolidated subsidiaries is shown as an allocation of the Company’s net income and is presented separately as “Net income attributable to noncontrolling interests”. In the Company’s Consolidated Balance Sheets, noncontrolling interests represents the ownership interests in the Company consolidated subsidiaries' net assets held by parties other than the Company. These ownership interests are presented separately as “Noncontrolling interests” within “Stockholders’ Equity.” All intercompany balances and transactions have been eliminated in consolidation.

(2)     Business Combinations

The Company accounts for its business combinations using the acquisition method of accounting when the activities acquired have been determined to be a business. The consideration transferred in a business combination is measured at fair value, which is determined as the sum of the acquisition-date fair values of the assets transferred, liabilities incurred by the Company and any equity interests issued by the Company. The consideration transferred is allocated to the tangible and intangible assets acquired and liabilities assumed at their estimated fair value on the acquisition date. The excess of fair value is recorded as goodwill. The results of businesses acquired in a business combination are included in our consolidated financial statements from the date of acquisition. Acquisition costs are expensed as incurred.

Determining the fair value of assets acquired and liabilities assumed requires management to use significant judgment and estimates. Depending on the acquisition size, the Company determines the fair values using the assistance of a valuation expert who assists the Company primarily using the cost, market and income approaches and using estimates of future revenue and cash flows, raw material and sales volumes, discount rates and the selection of comparable companies. The Company’s estimates of fair value are based upon assumptions believed to be reasonable, but which are inherently uncertain and unpredictable and, as a result, actual results may differ from estimates. During the measurement period, not to exceed one year from the date of the acquisition, the Company may record adjustments to the assets acquired and liabilities assumed, with a corresponding offset to goodwill if new information is obtained related to facts and circumstances that existed as of the acquisition date. After the measurement period, any subsequent adjustments are reflected in the Consolidated Statement of Operations.

(3)    Fiscal Year 

The Company has a 52/53 week fiscal year ending on the Saturday nearest December 31.  Fiscal years for the consolidated financial statements included herein are for the 53 weeks ended January 3, 2026, the 52 weeks ended December 28, 2024, and the 52 weeks ended December 30, 2023.
(4)     Cash and Cash Equivalents

The Company considers all short-term highly liquid instruments, with an original maturity of three months or less, to be cash equivalents. Cash balances are recorded net of book overdrafts when a bank right-of-offset exists. All other book overdrafts are recorded in accounts payable and the change in the related balance is reflected in operating activities on the Consolidated Statements of Cash Flows. In addition, the Company has bank overdrafts, which are considered a form of short-term financing with changes in the related balance reflected in financing activities in the Consolidated Statements of Cash Flows. Restricted cash shown on the Consolidated Balance Sheet as of January 3, 2026 and December 28, 2024, primarily represents the current portion of acquisition consideration hold-back amounts that are part of the purchase price set aside in escrow in the Company’s name for possible indemnification claims by the Company, which amounts will be paid to the sellers in the future if no claims arise. Restricted cash included in other assets as of January 3, 2026 and December 28, 2024, primarily represents the long-term acquisition consideration hold-back amounts that are part of the purchase price set aside in escrow in the Company’s name for possible indemnification claims by the Company, which amounts will be paid to the sellers in the future if no claims arise. A reconciliation of cash, cash equivalents, and restricted cash reported within the Consolidated Balance Sheets that sum to the total of same such amounts shown in the Consolidated Statements of Cash flows is as follows (in thousands):

January 3, 2026December 28, 2024
Cash and cash equivalents$88,671 $75,973 
Restricted cash16,686 37,579 
Restricted cash included in other long-term assets98,181 103,755 
Total cash, cash equivalents and restricted cash shown in the statement of cash flows$203,538 $217,307 

(5)     Accounts Receivable and Allowance for Credit Losses

The Company maintains allowances for credit losses for estimated losses resulting from customers’ non-payment of trade accounts receivable owed to the Company.  These trade receivables arise in the ordinary course of business from sales of raw material, finished product or services to the Company’s customers.  The estimate of allowance for doubtful accounts is based upon the Company’s bad debt experience adjusted for differences in asset-specific risk characteristic, current economic conditions and forecast of future economic conditions. If the financial condition of the Company’s customers deteriorates, resulting in the customers’ inability to pay the Company’s receivables as they come due, additional allowances for credit losses may be required.

The Company has entered into agreements with third-party banks to factor certain of the Company’s trade receivables in order to enhance working capital by turning trade receivables into cash faster. Under these agreements, the Company will sell certain selected customers trade receivables to the third-party banks without recourse for cash less a nominal fee. For the years ended January 3, 2026, December 28, 2024 and December 30, 2023, the Company sold approximately $513.8 million, $560.5 million and $532.6 million, respectively, of its trade receivables and incurred approximately $5.7 million, $8.1 million and $7.5 million in fees, respectively.

(6)     Inventories

Inventories are stated at the lower of cost or net realizable value.  Cost is primarily determined using the first-in, first-out (FIFO) method for the Feed Ingredients and Fuel Ingredients segments. In the Food Ingredients segment cost is primarily determined based on the weighted average cost.

(7)     Long Lived Assets

Property, Plant and Equipment
 
Property, plant and equipment are recorded at cost.  Depreciation is computed by the straight-line method over the estimated useful lives of assets: 1) Buildings and improvements, 15 to 30 years; 2) Machinery and equipment, 3 to 10 years; 3) Vehicles, 3 to 8 years; and 4) Aircraft, 7 to 10 years.
         
Maintenance and repairs are charged to expense as incurred, and expenditures for major renewals and improvements are capitalized.

        Intangible Assets
 
Intangible assets with indefinite lives, and therefore, not subject to amortization, consist of trade names acquired in the acquisition of Griffin Industries Inc. on December 17, 2010 (which was subsequently converted to a limited liability company) and its subsidiaries (“Griffin”) and trade names acquired in the acquisition of its Darling Ingredients International business on January 7, 2014. Intangible assets subject to amortization consist of: 1) collection routes which are made up of groups of suppliers of raw materials in similar geographic areas from which the Company derives collection fees and a dependable source of raw materials for processing into finished products; 2) customer relationships representing groups of collagen finished product customers in our food segment; 3) permits that represent licensing of operating plants that have been acquired, giving those plants the ability to operate; 4) non-compete agreements that represent contractual arrangements with former competitors whose businesses were acquired; 5) trade names; and 6) royalty, product development, patents, consulting, land use rights and leasehold agreements.  Amortization expense is calculated using the straight-line method over the estimated useful lives of the assets ranging from: 5 to 21 years for collection routes; 10 to 20 years for customer relationships; 10 to 20 years for permits; and 4 to 15 years for trade names. Royalties, product development, patents, consulting, land use rights, non-compete agreements and leasehold agreements are generally amortized over the term of the agreement.

(8)     Impairment of Long-Lived Assets and Long-Lived Assets to be Disposed of

The Company reviews the carrying value of long-lived assets for impairment when events or changes in circumstances indicate that the carrying amount of an asset, or related asset group, may not be recoverable from estimated future undiscounted cash flows.  Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset or asset group to estimated undiscounted future cash flows expected to be generated by the asset or asset group.  If the carrying amount of the asset or asset group exceeds its estimated future cash flows, an impairment charge is recognized by the amount for which the carrying amount of the asset exceeds the fair value of the asset.  In fiscal 2025, the Company recorded asset impairment charges related to the feed and food segment long-lived assets of approximately $30.0 million and $8.6 million, respectively. In fiscal 2023, the Company recorded asset impairment charges related to the feed segment and food segment long-lived assets of approximately $2.9 million and $1.8 million, respectively. See Note 19 to the consolidated financial statements.

(9)    Goodwill and Indefinite Lived Intangible Assets

Goodwill and indefinite lived intangible assets are tested annually or more frequently if events or changes in circumstances indicate that the asset might be impaired.  When assessing the recoverability of goodwill and other indefinite lived intangible assets, the Company may first assess qualitative factors in determining whether it is more likely than not that the fair value of a reporting unit, including goodwill, or other indefinite lived intangible assets are less than its carrying amount. The qualitative evaluation is an assessment of multiple factors, including the current operating environment, financial performance and market considerations. The Company may elect to bypass this qualitative assessment for some or all of its reporting units or other indefinite lived intangible assets and perform a quantitative test, based on management's judgment. If the Company chooses to bypass the qualitative assessment, it performs the quantitative approach to impairment testing by comparing the fair value of the Company’s reporting units to their respective carrying amounts and records an impairment charge for the amount by which the carrying amounts exceeds the fair value; however, the loss recognized, if any, will not exceed the total amount of goodwill allocated to that reporting unit. In fiscal 2025 and 2024, the Company performed a quantitative approach to valuing goodwill and indefinite-lived intangible assets at October 25, 2025 and October 26, 2024, respectively. Based on the Company’s annual impairment testing, we concluded the fair values of the Company’s reporting units containing goodwill and indefinite lived intangible assets exceeded the related carrying values. Upon meeting the criteria for classification of certain of the Company’s assets as held for sale, the Company recorded goodwill charges in the feed segment and food segment of approximately $2.0 million and $17.0 million, respectively. In addition, the Company recorded indefinite lived intangible asset charges in the food segment
of approximately $0.2 million. Goodwill was approximately $2.5 billion and $2.3 billion at January 3, 2026 and December 28, 2024, respectively. See Note 8 for further information on the Company’s goodwill.

(10)    Leases

The Company accounts for leases in accordance with Accounting Standard Codification (“ASC”) Topic 842, Leases. The Company determines if an arrangement is a lease at inception for which the Company recognizes the right-of-use (“ROU”) asset and a lease liability at the lease commencement date. For operating leases, the lease liability is initially measured at the present value of the unpaid lease payments at the lease commencement date. The lease liability is subsequently measured at amortized cost using the effective interest method. In determining the lease liability, the Company applies a discount rate to the minimum lease payments within each lease. ASC 842 requires the Company to use the rate of interest that a lessee would have to pay to borrow on a collateralized basis over a similar term an amount equal to the lease payments in a similar economic environment. To estimate the Company’s incremental borrowing rate over various terms, a comparable market yield curve consistent with the Company’s credit quality is determined. The lease term for all of the Company’s leases include the non-cancellable period of the lease plus any additional periods covered by either a Company option to extend the lease that the Company is reasonably certain to exercise or when a triggering event occurs. The Company has elected to not recognize a ROU asset and lease liability with an initial term of 12 months or less at lease commencement. Operating leases are included on the Company’s balance sheet as a ROU asset, current operating lease liabilities and long-term operating lease liabilities. For finance leases, the lease liability is initially measured in the same manner and date as for the operating leases, and is subsequently measured at amortized cost using the effective interest method. Finance leases are included in property, plant and equipment, current portion of long-term debt and long-term debt, net of current portion, but are not significant to the Company.

The ROU asset is initially measured at cost, which comprises the initial amount of the lease liability adjusted for lease payments made at or before the lease commencement date, plus any direct costs incurred less any lease incentives received. For operating leases, the ROU asset is subsequently measured throughout the lease term at the carrying amount of the lease liability, plus initial direct costs, plus (minus) any prepaid (accrued) lease payments, less the unamortized balance of the lease incentives received. Some leases contain rent escalation clauses (including index-based escalations), initially measured using the index at the lease commencement date. The Company recognizes minimum rental expense on a straight-line basis based on the fixed components of the lease arrangement.

The Company uses the long-lived assets impairment guidance in ASC subtopic 360-10, Property, Plant and Equipment - Overall, to determine whether the ROU asset is impaired, and if so, the amount of the impairment loss to recognize.

The Company monitors for events or changes in circumstances that require a reassessment of one of its leases. When a reassessment results in the remeasurement of a lease liability, a corresponding adjustment is made to the carrying amount of the corresponding ROU asset unless doing so would reduce the carrying amount of the ROU asset to an amount less than zero. In that case, the amount of the adjustment that would result in a negative ROU asset balance is recorded in the Consolidated Statement of Operations.

(11)    Environmental Expenditures

Environmental expenditures incurred to mitigate or prevent environmental impacts that have yet to occur and that otherwise may result from future operations are capitalized.  Expenditures that relate to an existing condition caused by past operations and that do not contribute to current or future revenues are expensed or charged against established environmental reserves.  Reserves are established when environmental impacts have been identified which are probable to require mitigation and/or remediation and the costs are reasonably estimable.

(12)    Income Taxes

The Company accounts for income taxes using the asset and liability method.  Under the asset and liability method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases.  Deferred tax assets and liabilities are measured using enacted tax rates expected to
apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.  The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

The Company periodically assesses whether it is more likely than not that it will generate sufficient taxable income to realize its deferred income tax assets.  In making this determination, the Company considers all available positive and negative evidence and makes certain assumptions.  The Company considers, among other things, its deferred tax liabilities, the overall business environment, its historical earnings and losses, current industry trends and its outlook for taxable income in future years.  
 
The Company recognizes tax benefits from uncertain tax positions only if it is more likely than not that the tax position will be sustained upon examination by the relevant taxing authority. Adjustments are made to the reserves for uncertain tax positions when facts and circumstances change or additional information is available. Judgment is required to assess the impact of ongoing audits conducted by tax authorities in determining the Company’s consolidated income tax provision. The Company recognizes accrued interest and penalties on tax related matters as a component of income tax expense.

(13)    Earnings per Share

Basic income per common share is computed by dividing net income attributable to Darling by the weighted average number of common shares including non-vested and restricted shares with participation rights outstanding during the period.  Diluted income per common share is computed by dividing net income attributable to Darling by the weighted average number of common shares outstanding during the period increased by dilutive common equivalent shares determined using the treasury stock method.
Net Income per Common Share (in thousands, except per share data)
 January 3,December 28,December 30,
 202620242023
 IncomeSharesPer-ShareIncomeSharesPer-ShareIncomeSharesPer-Share
Basic: 
Net income attributable to Darling$62,804 158,479$0.40 $278,880 159,513$1.75 $647,726 159,861$4.05 
Diluted: 
Effect of dilutive securities 
Add: Option shares in the money and dilutive effect of nonvested stock
— 2,746— — 2,932— — 3,314— 
Less: Pro-forma treasury shares— (1,068)— — (1,027)— — (788)— 
Diluted: 
Net income attributable to Darling$62,804 160,157$0.39 $278,880 161,418$1.73 $647,726 162,387$3.99 

There were no outstanding stock options excluded in fiscal 2025, 2024 and 2023 from diluted income per common share as the effect was antidilutive.  For fiscal 2025, 2024 and 2023, respectively, 735,531, 403,615 and 311,919 shares of non-vested stock were excluded from diluted income per common share as the effect was antidilutive.

(14)    Stock Based Compensation

The Company recognizes compensation expense ratably over the vesting period in an amount equal to the fair value of the share-based payments (e.g., stock options and non-vested and restricted stock) granted to employees and non-employee directors or by incurring liabilities to an employee or other supplier (a) in amounts based, at least in part, on the price of the entity’s shares or other equity instruments, or (b) that require or may require settlement by issuing the entity’s equity shares or other equity instruments. The Company’s policy is to account for forfeitures in the period they occur, rather than estimating a forfeiture rate. The Company does not reclassify excess tax benefits from operating activities to financing activities in the Consolidated Statements of Cash Flows. Additionally, the Company excludes the excess tax benefits from the assumed proceeds available to repurchase shares of common stock in the computation of the Company’s diluted earnings per share. The Company records tax benefit or expense within income tax expense/(benefit) for the year ended January 3, 2026, December 28, 2024 and December 30, 2023 related to
the excess tax expense on stock options, non-vested stock, director restricted stock units, restricted stock units and performance units.

Total stock-based compensation recognized in the Consolidated Statements of Operations for the years ended January 3, 2026, December 28, 2024 and December 30, 2023 was approximately $21.8 million, $20.9 million and $33.2 million, respectively, which is included in selling, general and administrative expenses, and the related income tax benefit recognized was approximately $2.3 million, $2.0 million and $2.6 million, respectively.  See Note 14 for further information on the Company’s stock-based compensation plans. 

(15)    Use of Estimates

The preparation of the consolidated financial statements in conformity with U.S. generally accepted accounting principles 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 consolidated financial statements and the reported amounts of revenues and expenses during the reporting period.  Actual results could differ from those estimates.

If it is at least reasonably possible that the estimate of the effect on the financial statements of a condition, situation, or set of circumstances that exist at the date of the financial statements will change in the near term due to one or more future confirming events, and the effect of the change would be material to the financial statements, the Company will disclose the nature of the uncertainty and include an indication that it is at least reasonably possible that a change in the estimate will occur in the near term.  If the estimate involves certain loss contingencies, the disclosure will also include an estimate of the probable loss or range of loss or state that an estimate cannot be made.

As a result of the ongoing Russian-Ukraine war and conflicts in the Middle East and the current inflationary environment, we have evaluated the potential impact to the Company’s operations and for any indicators of potential triggering events that could indicate certain of the Company’s assets may be impaired. As of January 3, 2026, the Company has not observed any impairments of the Company’s assets or a significant change in their fair value due to the ongoing Russian-Ukraine war and conflicts in the Middle East or inflation.

(16)    Financial Instruments

The carrying amount of cash and cash equivalents, accounts receivable, accounts payable and accrued expenses approximates fair value due to the short maturity of these instruments.  The Company’s 6% Senior Notes due 2030, 5.25% Senior Notes due 2027, 4.5% Senior Notes due 2032, term loans and revolver borrowings outstanding at January 3, 2026, as described in Note 11 have a fair value based on market valuation from third-party banks. The carrying amount for the Company’s other debt is not deemed to be significantly different than the fair value. See Note 18 for financial instruments' fair values.

(17)    Derivative Instruments

The Company makes limited use of derivative instruments to manage cash flow risks related to interest rates, natural gas usage, inventory, forecasted sales and foreign currency exchange rates.  The Company does not use derivative instruments for trading purposes. Interest rate swaps are entered into with the intent of managing overall borrowing costs by reducing the potential impact of increases in interest rates on floating-rate long-term debt. Natural gas swaps and options are entered into with the intent of managing the overall cost of natural gas usage by reducing the potential impact of seasonal weather demands on natural gas that increases natural gas prices.  Heating oil swaps and options are entered into with the intent of managing the overall cost of diesel fuel usage by reducing the potential impact of seasonal weather demands on diesel fuel that increases diesel fuel prices. Soybean meal options are entered into with the intent of managing the impact of changing prices for poultry meal sales.  Corn options and future contracts are entered into with the intent of managing U.S. forecasted sales of BBP by reducing the impact of changing prices. Foreign currency forward and option contracts are entered into to mitigate the foreign exchange rate risk for transactions designated in a currency other than the local functional currency.  

Entities are required to report all derivative instruments in the statement of financial position at fair value. The accounting for changes in the fair value (i.e., gains or losses) of a derivative instrument depends on
whether it has been designated and qualifies as part of a hedging relationship and, if so, on the reason for holding the instrument. If certain conditions are met, entities may elect to designate a derivative instrument as a hedge of exposures to changes in fair value, cash flows or foreign currencies.  If the hedged exposure is a cash flow exposure, the gain or loss on the derivative instrument is reported initially as a component of other comprehensive loss (outside of earnings) and is subsequently reclassified into earnings when the forecasted transaction affects earnings. Any amounts excluded from the assessment of hedge effectiveness is reported in earnings immediately. If the derivative instrument is not designated as a hedge, the gain or loss is recognized in earnings in the period of change. Hedge accounting treatment ceases if or when the hedge transaction is no longer probable of occurring or the hedge relationship correlation no longer qualifies for hedge accounting.

(18)    Revenue Recognition

The Company recognizes revenue on sales when control of the promised finished product is transferred to the Company’s customers in an amount that reflects the consideration the Company expects to be entitled to in exchange for the finished product. Service revenues are recognized when the service occurs. Certain customers may be required to prepay prior to shipment in order to maintain payment protection against certain foreign and domestic sales.  These amounts are recorded as unearned revenue and recognized when control of the promised finished product is transferred to the Company’s customer. See Note 23 to the consolidated financial statements.

(19)    Related Party Transactions

The Company has a limited liability company agreement with a wholly-owned subsidiary of Valero Energy Corporation (“Valero”) to form Diamond Green Diesel Holdings LLC (the “DGD Joint Venture”). The Company has related party sale transactions and loan transactions with the DGD Joint Venture.  See Note 24 for further information on the Company’s related party transactions.

(20)    Foreign Currency Translation and Remeasurement

Foreign currency translation is included as a component of accumulated other comprehensive loss and reflects the adjustments resulting from translating the foreign currency denominated financial statements of foreign subsidiaries into U.S. dollars. The functional currency of the Company’s foreign subsidiaries is the currency of the primary economic environment in which the entity operates, which is generally the local currency of the country. Accordingly, assets and liabilities of the foreign subsidiaries are translated into U.S. dollars at fiscal year end exchange rates, including intercompany foreign currency transactions that are of long-term investment nature. Income and expense items are translated at average exchange rates occurring during the period. Changes in exchange rates that affect cash flows and the related receivables or payables are recognized as transaction gains/(losses) in determining net income. The Company incurred net foreign currency translation gains/(losses) of approximately $296.7 million, $(417.1) million and $142.7 million in fiscal 2025, 2024 and 2023, respectively.

(21)    Subsequent Events
The Company evaluates subsequent events from the end of the most recent fiscal year through the date the consolidated financial statements are issued.
v3.25.4
Investment in Unconsolidated Subsidiary
12 Months Ended
Jan. 03, 2026
Investment in Affiliate [Abstract]  
INVESTMENT IN UNCONSOLIDATED SUBSIDIARY INVESTMENT IN UNCONSOLIDATED SUBSIDIARIES
The DGD Joint Venture is owned 50% / 50% with Valero.

Selected financial information for the Company’s DGD Joint Venture is as follows:
(in thousands)December 31, 2025December 31, 2024
Assets:
Cash$195,765 $353,446 
Total current assets1,199,194 1,137,821 
Property, plant and equipment, net3,702,254 3,868,943 
Other assets139,765 100,307 
Total assets$5,236,978 $5,460,517 
Liabilities and members' equity:
Revolver$— $— 
Total current portion of long term debt29,487 29,809 
Total other current liabilities332,256 319,688 
Total long term debt677,671 707,158 
Total other long term liabilities17,748 17,195 
Total members' equity4,179,816 4,386,667 
Total liabilities and member's equity$5,236,978 $5,460,517 

Year Ended December 31,
(in thousands)202520242023
Revenues:
Operating revenues$4,596,830 $5,065,592 $6,990,622 
Expenses:
Total costs and expenses excluding lower of cost or market inventory valuation adjustment and depreciation, amortization and accretion expense4,500,398 4,309,768 5,925,778 
Lower of cost or market (LCM) inventory valuation adjustment(140,085)175,934 60,871 
Depreciation, amortization and accretion expense266,887 264,992 230,921 
Operating income/(loss)(30,370)314,898 773,052 
Other income9,321 22,114 10,317 
Interest and debt expense, net(46,340)(38,673)(49,857)
Income before income tax expense$(67,389)$298,339 $733,512 
Income tax expense1,066 175 752 
Net income/(loss)$(68,455)$298,164 $732,760 

As of January 3, 2026, under the equity method of accounting, the Company has an investment in the DGD Joint Venture of approximately $2.1 billion on the Consolidated Balance Sheet. The Company has recorded approximately $(48.8) million, $149.1 million and $366.4 million in equity in net income/(loss) of Diamond Green Diesel for the years ended January 3, 2026, December 28, 2024 and December 30, 2023, respectively.

On August 16, 2022, the U.S. government enacted the Inflation Reduction Act ( the “IR Act”). As part of the IR Act, the blenders tax credits of $1.00 were extended as is until December 31, 2024, a new Sustainable Aviation Fuel (“SAF”) blenders tax credit was introduced effective for 2023 and 2024, and a new Clean Fuels Production Credit (the “CFPC”) was created effective from 2025 through 2027. Under the IR Act, Section 40B, SAF, blended with Jet A and sold on or before December 31, 2024, receives a base credit of $1.25 per gallon plus $0.01 for each percentage point by which the lifecycle greenhouse gas (“GHG”) emissions reduction percentage exceeds 50% up to a maximum supplementary amount of $0.50. Under the CFPC, on-road transportation fuel receives a base credit of up to $1.00 per gallon of renewable diesel (adjusted for inflation each calendar year) multiplied by the fuel's emission reduction percentage as long as it is produced at a qualifying facility that meets the prevailing wage requirements and apprenticeship requirements. Similarly, SAF produced during calendar year 2025 at a qualified facility that meets the apprenticeship and prevailing wage requirements receives a base credit of $1.75 (adjusted for inflation each calendar year) multiplied by the GHG emissions factor for SAF. In contrast to the blenders tax credit, the CFPC requires that production must take place in the United States. On July 4, 2025, the One Big Beautiful Bill Act (the “OBBBA”) was enacted in the U.S. The OBBBA includes significant tax related provisions. With respect to the CFPC, the OBBBA extends the credit for two years through December 31, 2029, reduces the maximum credit rate for SAF to $1.00 per gallon (adjusted for inflation each calendar year) for gallons produced after December 31, 2025, and, beginning in 2026 all eligible transportation fuel must be derived exclusively from feedstocks produced or grown in the U.S., Mexico or Canada. Furthermore, on July 21, 2025, the Internal Revenue
Service released Notice 2025-37, announcing the 2025 calendar year inflation adjustment factor for several green energy credits added to the Internal Revenue Code by the IR Act, including the CFPC. Specifically, the base credit for on-road transportation fuel is increased to $1.06 per gallon (from $1.00 per gallon) and SAF is increased to $1.86 per gallon (from $1.75 per gallon) provided the fuel is produced at a qualified facility meeting the prevailing wage and apprenticeship requirements. These revised base credits, subject to the aforementioned emission reduction percentages, are applicable for on-road transportation fuel and SAF produced and sold in calendar year 2025 (i.e., there is a retroactive effective date of January 1, 2025).

In fiscal 2025, fiscal 2024 and fiscal 2023, the DGD Joint Venture recorded approximately $0.6 billion, $1.3 billion and $1.2 billion, respectively of production tax credits and blenders tax credits, net of discount and broker fees related to Darling's portion, respectively. The Company received approximately $367.7 million, $179.8 million and $163.6 million for each of the years ended January 3, 2026, December 28, 2024 and December 30, 2023, in dividend distributions from the DGD Joint Venture. In addition, during fiscal year 2025, 2024 and 2023, the Company made capital contributions to the DGD Joint Venture of approximately $328.2 million, $90.0 million and $75.0 million, respectively.
In addition to the DGD Joint Venture, the Company has investments in other unconsolidated subsidiaries that are insignificant to the Company.
v3.25.4
Acquisitions
12 Months Ended
Jan. 03, 2026
Business Combination [Abstract]  
ACQUISITIONS ACQUISITIONS
Joint Venture with Tessenderlo Group NV

On December 10, 2025, Darling entered into a definitive agreement with Tessenderlo Group NV, a public limited company organized under the laws of Belgium (“Tessenderlo”), to form a joint venture. The definitive agreement is the Master Contribution Agreement (the “Contribution Agreement”) and is among Darling, Darling Global Holdings Inc., a Delaware corporation and wholly owned subsidiary of Darling, Tessenderlo, and NewCo Collagen LLC, a Delaware limited liability company (“NewCo”). Under the Contribution Agreement, Darling and Tessenderlo have agreed to contribute certain of their assets and liabilities related to their respective collagen and gelatin business segments into NewCo in exchange for equity interests in NewCo, and upon the closing of the transaction, Darling will have an 85% equity interest and Tessenderlo will have a 15% equity interest in NewCo. The completion of the transaction contemplated by the Contribution Agreement is subject to all required regulatory approvals and certain other closing conditions.

UPI Bovinos NewCo

On December 8, 2025, Darling submitted a bid of approximately R$620 million, including the payoff of secured debt of approximately R$60 million with little to no working capital (approximately USD$114 million at the exchange rate of R$5.44:USD$1.00 at January 3, 2026), to purchase all of the shares of UPI Bovinos NewCo (“UPI Bovinos”) as a binding offer that was accepted by the shareholders of UPI Bovinos. Darling’s offer was part of a competitive bidding process, as the parent company of UPI Bovions is in bankruptcy in Brazil. On January 14, 2026, upon the closing of the competitive bidding process and according to the public notice, Darling was declared the winner in the process of acquisition of UPI Bovinos. The completion of the transaction is subject to entry into a definitive agreement and all regulatory approvals.

Miropasz Group

On January 31, 2024, a wholly owned international subsidiary of the Company acquired all of the shares of the Miropasz Group (the “Miropasz Acquisition”), a rendering company in Poland that is now in our Feed Ingredients segment, for a cash purchase price of approximately €105.6 million (approximately $114.3 million USD at the exchange rate of €1.0:USD$1.082198 on the closing date). In addition, the Company incurred a liability of approximately €7.0 million (approximately $7.6 million USD at the exchange rate on the closing date) for an acquisition consideration hold-back amount that is part of the purchase price set aside in escrow in the Company’s name for possible indemnification claims by the Company, which amounts will be paid to the sellers in the future if no claims arise. The hold-back amount represents a noncash investing activity during the period of acquisition. During the third quarter of fiscal 2024, the Company received approximately $0.2 million from the sellers as a reduction of the purchase price and other immaterial adjustments. The Company recorded assets and liabilities consisting of property, plant and equipment of approximately $21.2 million, identifiable intangibles which includes routes and immaterial land use rights of approximately $34.9 million with a weighted average life of 17 years, other
net assets of approximately $2.8 million which includes cash, working capital and net debt, and goodwill of approximately $62.8 million. Goodwill is expected to strengthen the Company’s base Feed Ingredients business and is nondeductible for tax purposes.

Gelnex

On March 31, 2023, the Company acquired all of the shares of Gelnex, a leading global producer of collagen products (the “Gelnex Acquisition”). The Gelnex Acquisition includes a network of five processing facilities in South America and one in the United States. The initial purchase price of approximately $1.2 billion was comprised of an initial cash payment of approximately $1.1 billion, which consisted of a payment of approximately R$4.3 billion Brazilian real (approximately $853.3 million USD at the exchange rate of R$5.08:USD$1.00 on the closing date) and a payment of approximately $243.5 million in USD, and is subject to various post-closing adjustments in accordance with the stock purchase agreement. In addition, the Company incurred a liability of approximately $104.1 million for an acquisition consideration hold-back amount that is part of the purchase price set aside in escrow in the Company's name for possible indemnification claims by the Company, which amounts will be paid to the sellers in the future if no claims arise. The hold-back amount represents a noncash investing activity during the period of acquisition. The Gelnex Acquisition gives us immediate capacity to serve the growing needs of our collagen customers and the growing collagen market. The initial purchase price was financed by borrowing all of the Company’s term A-3 facility of $300.0 million and term A-4 facility of $500.0 million, with the remainder coming through revolver borrowings under the Amended Credit Agreement. During the third quarter of fiscal 2023, the Company made a cash payment for working capital purchase price adjustment per the stock purchase agreement of approximately $14.1 million with an offset to goodwill. The Company obtained new information about facts and circumstances that existed at the acquisition date during the first quarter of 2024 that resulted in measurement period adjustments to increase property, plant and equipment by approximately $13.7 million, decrease intangible assets by approximately $9.5 million, decrease goodwill by approximately $9.1 million, increase deferred tax liabilities by approximately $5.1 million, increase deferred tax assets by approximately $8.1 million and a decrease in other assets and liabilities of approximately $0.1 million.

The following table summarizes the final fair value of the assets acquired and the liabilities assumed in the Gelnex Acquisition as of March 31, 2023 (in thousands):


Accounts receivable$81,025 
Inventories140,865 
Other current assets3,143 
Property, plant and equipment169,205 
Identifiable intangible assets339,500 
Goodwill542,572 
Operating lease right-of-use assets134 
Other assets2,703 
Deferred tax asset9,067 
Accounts payable(15,059)
Current portion of long-term debt(44,692)
Current operating lease liabilities(26)
Accrued expenses(18,826)
Long-term debt, net of current portion(1,407)
Long-term operating lease liabilities(123)
Deferred tax liability(12,870)
Other noncurrent liabilities(19)
Purchase price, net of cash acquired$1,195,192 
Less hold-back104,145 
Cash paid for acquisition, net of cash acquired$1,091,047 

The $542.6 million of goodwill from the Gelnex Acquisition, which is expected to strengthen the Company’s collagen business and expand its ability to service increased demand of its collagen customer base, is assigned to the Food Ingredients segment. Of the goodwill booked in the Gelnex Acquisition approximately $425.0 million is deductible for tax purposes. The identifiable intangible assets include $331.0 million in customer relationships with
a weighted average life of 11.4 years and $8.5 million in trade name with a life of 5 years for a total weighted average life of approximately 11.3 years.

As a result of the Gelnex Acquisition, effective March 31, 2023, the Company began including the operations of the Gelnex Acquisition in the Company’s consolidated financial statements. The following table presents selected pro forma information, for comparative purposes, assuming the Gelnex Acquisition had occurred on January 1, 2023 for the period presented (unaudited) (in thousands):

Twelve Months Ended
December 30, 2023
Net sales6,886,347 
Net income663,168 
The Company notes that pro forma results of operations for the Miropasz Acquisition discussed above and the immaterial acquisitions discussed below have not been presented because the effect of each acquisition individually or in the aggregate is not deemed material to revenues, total assets and net income of the Company for any period presented.

The Company made other immaterial acquisitions in fiscal 2025 and fiscal 2024.

The Company incurred acquisition and integration costs of approximately $15.9 million, $7.8 million and $13.9 million for the twelve months ended January 3, 2026, December 28, 2024 and December 30, 2023, respectively.
v3.25.4
Inventories
12 Months Ended
Jan. 03, 2026
Inventory Disclosure [Abstract]  
INVENTORIES INVENTORIES
A summary of inventories follows (in thousands):

        
 January 3, 2026December 28, 2024
Finished product$295,670 $335,116 
Work in process78,458 92,762 
Raw material45,084 38,117 
Supplies and other108,526 110,842 
 $527,738 $576,837 

The Company’s work in process represents inventory in the Food Ingredients segment that is in various stages of processing.
v3.25.4
Assets Held For Sale
12 Months Ended
Jan. 03, 2026
Discontinued Operations and Disposal Groups [Abstract]  
ASSETS HELD FOR SALE ASSETS HELD FOR SALE
A disposal group (assets and liabilities to be sold) are classified as held for sale once all applicable criteria under U.S. GAAP have been satisfied, including when management, having the authority to approve the action, commits to a plan to sell the disposal group, the sale is probable and the Company expects to complete the sale within one year. Upon classifying a disposal group as held for sale, the Company measures the disposal group at the lower of its carrying value or fair value less costs to sell and long-lived assets in the disposal group are not depreciated. Based on these criteria, at January 3, 2026, the Company has classified certain assets and liabilities from disposal groups within the Feed and Food segments as assets held for sale. The carrying values of the assets and liabilities classified as held for sale in our consolidated balance sheet are as follows (in thousands):
January 3, 2026
Assets:
Accounts receivable, net$26,493 
Inventories64,683 
Other current assets4,381 
Property plant and equipment, net24,377 
Goodwill20,293 
Other assets7,469 
Total assets147,696 
Valuation allowance(4,217)
Total assets held for sale$143,479 
Liabilities:
Accounts payable, principally trade$4,152 
Accrued expenses11,635 
Other current liabilities1,143 
Other noncurrent liabilities8,155 
Total liabilities to be disposed of$25,085 
Net assets held for sale$118,394 

Upon classification as assets held for sale, we recognized impairment charges of approximately $28.2 million within restructuring and asset impairment charges in the consolidated statement of operations. This was comprised of goodwill impairment charges of approximately $19.0 million, intangible asset impairment charges of approximately $4.6 million, other asset impairment charges of approximately $0.4 million and a valuation allowance to adjust the carrying value of the disposal group to the fair value less cost to sell of approximately $4.2 million. The Company evaluated the disposal groups and concluded that the disposal groups did not represent a strategic shift that will have a major effect on the Company’s operations and financial results. Accordingly, the disposal groups have not been classified as discontinued operations.
v3.25.4
Property, Plant and Equipment
12 Months Ended
Jan. 03, 2026
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT PROPERTY, PLANT AND EQUIPMENT
A summary of property, plant and equipment follows (in thousands):
        
 January 3, 2026December 28, 2024
Land$212,229 $203,511 
Buildings and improvements1,087,611 1,023,697 
Machinery and equipment3,468,796 3,097,409 
Vehicles534,113 517,858 
Aircraft10,313 10,313 
Construction in process474,689 440,651 
5,787,751 5,293,439 
Accumulated depreciation(2,991,612)(2,579,770)
$2,796,139 $2,713,669 
Depreciation expense for the three years ended January 3, 2026, December 28, 2024 and December 30, 2023, was approximately $403.5 million, $391.6 million and $377.2 million, respectively.
v3.25.4
Intangbile assets
12 Months Ended
Jan. 03, 2026
INTANGIBLE ASSETS [Abstract]  
INTANGIBLE ASSETS INTANGIBLE ASSETS
The gross carrying amount of intangible assets not subject to amortization and intangible assets subject to amortization is as follows (in thousands):
        
 January 3, 2026December 28, 2024
Indefinite Lived Intangible Assets  
Trade names$52,251 $51,050 
 52,251 51,050 
Finite Lived Intangible Assets:  
Collection routes739,833 714,801 
Customer relationships315,652 278,920 
Permits325,663 316,038 
Trade names19,205 82,401 
Royalty, product development, patents, consulting, land use rights, non-compete and leasehold agreements20,121 22,337 
 1,420,474 1,414,497 
Accumulated Amortization:
Collection routes(311,198)(254,164)
Customer relationships(79,315)(44,476)
Permits(217,728)(189,500)
Trade names(11,932)(72,549)
Royalties, product development, patents, consulting, land use rights, non-compete and leasehold agreements(7,549)(6,446)
(627,722)(567,135)
Total Intangible assets, less accumulated amortization$845,003 $898,412 

Gross intangible collection routes, customer relationships, permits, trade names and other intangibles changed primarily due to retirements and impairments of approximately $82.9 million, and the remaining change is due to foreign currency exchange impact. Amortization expense for the three years ended January 3, 2026, December 28, 2024 and December 30, 2023, was approximately $105.0 million, $112.2 million and $124.8 million, respectively. Amortization expense for the next five fiscal years is estimated to be $104.2 million, $104.0 million, $94.4 million, $95.8 million and $92.3 million.
v3.25.4
Goodwill
12 Months Ended
Jan. 03, 2026
GOODWILL [Abstract]  
GOODWILL GOODWILL
Changes in the carrying amount of goodwill (in thousands):
 Feed IngredientsFood IngredientsFuel IngredientsTotal
Balance at December 30, 2023
Goodwill$1,487,236 $900,707 $147,223 $2,535,166 
Accumulated impairment losses(15,914)(3,170)(31,580)(50,664)
1,471,322 897,537 115,643 2,484,502 
Goodwill acquired during year62,802 — 4,114 66,916 
Measurement period adjustments— (9,147)— (9,147)
Foreign currency translation(96,361)(116,562)(6,755)(219,678)
Balance at December 28, 2024   
Goodwill1,453,677 774,998 144,582 2,373,257 
Accumulated impairment losses(15,914)(3,170)(31,580)(50,664)
 1,437,763 771,828 113,002 2,322,593 
Goodwill impairment during year(1,967)(17,025)— (18,992)
Goodwill classified as assets held for sale(20,293)— — (20,293)
Foreign currency translation73,803 87,459 14,461 175,723 
Balance at January 3, 2026   
Goodwill1,507,187 862,457 159,043 2,528,687 
Accumulated impairment losses(17,881)(20,195)(31,580)(69,656)
 $1,489,306 $842,262 $127,463 $2,459,031 

The process of evaluating goodwill for impairment involves the determination of the fair value of the Company’s reporting units. In fiscal 2025 and 2024, the Company performed a quantitative approach to value the reporting
units containing goodwill and indefinite-lived intangible assets at October 25, 2025 and October 26, 2024, respectively. Based on the Company’s annual impairment testing, we concluded the fair values of the Company’s reporting units containing goodwill exceeded the related carrying values. Upon meeting the criteria for classification of certain of the Company’s assets as held for sale, the Company recorded goodwill impairment charges of approximately $19.0 million.
v3.25.4
Accrued Expenses
12 Months Ended
Jan. 03, 2026
ACCRUED EXPENSES [Abstract]  
ACCRUED EXPENSES ACCRUED EXPENSES
Accrued expenses consist of the following (in thousands):         
 January 3, 2026December 28, 2024
Compensation and benefits
$170,312 $139,011 
Accrued operating expenses
87,055 73,239 
 Short-term acquisition hold-backs (Note 3)17,500 38,620 
 Short-term contingent consideration (Note 18)— 28,862 
 Other accrued expenses210,631 209,563 
 $485,498 $489,295 
v3.25.4
Leases
12 Months Ended
Jan. 03, 2026
Leases [Abstract]  
Leases LEASES
The Company leases certain real and personal property under non-cancelable operating leases. In addition, the Company leases a large portion of the Company’s fleet of tractors, all of its rail cars, some IT equipment and other transportation equipment. The Company’s office leases include certain lease and non-lease components, where the Company has elected to exclude the non-lease components from the calculation of the lease liability and ROU asset. The Company has finance leases, which are not significant to the Company and not separately disclosed in detail. In addition, the Company’s other variable lease payments are not significant.

The components of operating lease expense included in cost of sales and operating expenses and selling, general and administrative expenses were as follows (in thousands):

Year Ended
January 3, 2026December 28, 2024December 30, 2023
Operating lease expense$70,452 $64,848 $56,078 
Short-term lease costs34,434 36,363 36,762 
Total lease cost$104,886 $101,211 $92,840 

Other information (in thousands, except lease terms and discount rates):

Year Ended
January 3, 2026December 28, 2024December 30, 2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$71,792 $65,840 $58,924 
Operating right-of-use assets, net$223,705 $210,692 
Operating lease liabilities, current$61,745 $62,761 
Operating lease liabilities, non-current162,362 152,327 
Total operating lease liabilities$224,107 $215,088 
Weighted average remaining lease term - operating leases5.34 years5.74 years
Weighted average discount rate - operating leases5.03 %4.87 %
Future annual minimum lease payments and finance lease commitments as of January 3, 2026 were as follows (in thousands):

Period Ending FiscalOperating LeasesFinance Leases
2026$68,437 $2,074 
202759,327 1,756 
202847,371 1,278 
202934,512 875 
203015,403 
Thereafter25,305 — 
Total undiscounted lease payments250,355 5,984 
Less amounts representing interest(26,248)(195)
Lease obligations included in current and long-term liabilities$224,107 $5,789 

The Company’s finance lease assets are included in property, plant and equipment and the finance lease obligations are included in the Company’s current and long-term debt obligations on the Consolidated Balance Sheet.
Leases LEASES
The Company leases certain real and personal property under non-cancelable operating leases. In addition, the Company leases a large portion of the Company’s fleet of tractors, all of its rail cars, some IT equipment and other transportation equipment. The Company’s office leases include certain lease and non-lease components, where the Company has elected to exclude the non-lease components from the calculation of the lease liability and ROU asset. The Company has finance leases, which are not significant to the Company and not separately disclosed in detail. In addition, the Company’s other variable lease payments are not significant.

The components of operating lease expense included in cost of sales and operating expenses and selling, general and administrative expenses were as follows (in thousands):

Year Ended
January 3, 2026December 28, 2024December 30, 2023
Operating lease expense$70,452 $64,848 $56,078 
Short-term lease costs34,434 36,363 36,762 
Total lease cost$104,886 $101,211 $92,840 

Other information (in thousands, except lease terms and discount rates):

Year Ended
January 3, 2026December 28, 2024December 30, 2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$71,792 $65,840 $58,924 
Operating right-of-use assets, net$223,705 $210,692 
Operating lease liabilities, current$61,745 $62,761 
Operating lease liabilities, non-current162,362 152,327 
Total operating lease liabilities$224,107 $215,088 
Weighted average remaining lease term - operating leases5.34 years5.74 years
Weighted average discount rate - operating leases5.03 %4.87 %
Future annual minimum lease payments and finance lease commitments as of January 3, 2026 were as follows (in thousands):

Period Ending FiscalOperating LeasesFinance Leases
2026$68,437 $2,074 
202759,327 1,756 
202847,371 1,278 
202934,512 875 
203015,403 
Thereafter25,305 — 
Total undiscounted lease payments250,355 5,984 
Less amounts representing interest(26,248)(195)
Lease obligations included in current and long-term liabilities$224,107 $5,789 

The Company’s finance lease assets are included in property, plant and equipment and the finance lease obligations are included in the Company’s current and long-term debt obligations on the Consolidated Balance Sheet.
v3.25.4
Debt
12 Months Ended
Jan. 03, 2026
Debt Disclosure [Abstract]  
Debt DEBT
Debt consists of the following (in thousands): 
        
January 3, 2026December 28, 2024
Amended Credit Agreement:  
Revolving Credit Facility ($162.2 million and zero denominated in € at January 3, 2026 and December 28, 2024, respectively)
$601,150 $267,000 
Term A facility895,500 — 
Less unamortized deferred loan costs(3,846)— 
Carrying value Term A facility891,654 — 
Term A-1 facility— 397,000 
Less unamortized deferred loan costs— (366)
Carrying value Term A-1 facility— 396,634 
Term A-2 facility— 471,875 
Less unamortized deferred loan costs— (509)
Carrying value Term A-2 facility— 471,366 
Term A-3 facility— 297,750 
Less unamortized deferred loan costs— (560)
Carrying value Term A-3 facility— 297,190 
Term A-4 facility— 481,250 
Less unamortized deferred loan costs— (664)
Carrying value Term A-4 facility— 480,586 
6% Senior Notes due 2030 with effective interest of 6.12%
1,000,000 1,000,000 
Less unamortized deferred loan costs net of bond premiums(4,725)(5,605)
Carrying value 6% Senior Notes due 2030
995,275 994,395 
5.25% Senior Notes due 2027 with effective interest of 5.47%
500,000 500,000 
Less unamortized deferred loan costs(1,345)(2,322)
Carrying value 5.25% Senior Notes due 2027
498,655 497,678 
4.5% Senior Notes due 2032 - Denominated in euro with effective interest of 4.7%
881,250 — 
Less unamortized deferred loan costs - Denominated in euro(9,781)— 
Carrying value 4.5% Senior Notes due 2032
871,469 — 
3.625% Senior Notes due 2026 - Denominated in euro with effective interest of 3.83%
— 536,733 
Less unamortized deferred loan costs - Denominated in euro— (1,542)
Carrying value 3.625% Senior Notes due 2026
— 535,191 
Other Notes and Obligations79,257 101,958 
3,937,460 4,041,998 
Less Current Maturities75,217 133,020 
$3,862,243 $3,908,978 

As of January 3, 2026, the Company had €138.0 million outstanding debt under the revolving credit facility denominated in euros and €750.0 million outstanding debt under the Company’s 4.5% Senior Notes due 2032 denominated in euros. See below for discussion relating to the Company’s debt agreements. In addition, at January 3, 2026, the Company had finance lease obligations denominated in euros of approximately €4.2 million.

As of January 3, 2026, the Company had other notes and obligations of approximately $79.3 million that consist of various overdraft facilities of approximately $52.6 million, European notes of approximately $14.3 million, Brazilian notes of approximately $6.6 million and other debt of approximately $5.8 million, including the euro denominated finance lease obligations above and U.S. finance lease obligations of approximately $0.9 million.
Senior Secured Credit Facilities. On June 25, 2025, Darling, Darling International Canada Inc. (“Darling Canada”) and Darling International NL Holdings B.V. (“Darling NL”) and Darling Ingredients International Holding B.V. (“Darling Holding”) entered into a Third Amended and Restated Credit Agreement (the “Amended Credit Agreement”), which amended and restated the Company’s then existing Second Amended and Restated Credit Agreement dated January 6, 2014 (as amended from time to time, the “Previous Credit Agreement”), with the lenders from time to time party thereto, JPMorgan Chase Bank, N.A., as Administrative Agent, and the other agents party thereto. The Amended Credit Agreement refinanced the loans and commitments outstanding under the Previous Credit Agreement and provides for senior secured credit facilities in the aggregate principal amount of $2.9 billion comprised of (i) the Company’s $900.0 million six-year term A facility (partially comprised of $395.0 million term A-1 facility and $296.3 million term A-3 facility which, in each case, were cashlessly rolled from the Previous Credit Agreement) and (ii) the Company’s $2.0 billion five-year revolving credit facility (up to $50.0 million (as such amount may be increased to an amount not exceeding $150.0 million to the extent consented to by the applicable issuing banks) of which will be available for a letter of credit subfacility and up to $50.0 million of which will be available for a swingline sub-facility) (collectively, the “Senior Secured Credit Facilities”). The Amended Credit Agreement also permits Darling and the other borrowers thereunder to incur ancillary facilities provided by any revolving lender party to the Senior Secured Credit Facilities (with certain restrictions). The revolving credit facility will be used for working capital needs, general corporate purposes and other purposes not prohibited by the Amended Credit Agreement.

The interest rate applicable to any borrowings under the revolving credit facility will equal (i) the Canadian Overnight Repo Rate Average (CORRA) for borrowings denominated in Canadian dollars or the adjusted term secured overnight financing rate (SOFR) for U.S. dollar borrowings or the adjusted euro interbank rate (EURIBOR) for euro borrowings or the adjusted daily simple Sterling overnight index average (SONIA) for British pound borrowings, in each case plus 1.50% per annum or (ii) the alternative base rate (ABR) for U.S. dollar borrowings or Canadian prime rate for Canadian dollar borrowings or the adjusted daily simple European short term rate (ESTR) for euro borrowings or the adjusted daily SONIA rate for British pound borrowings, in each case plus 0.50% per annum, and in each case of clauses (i) and (ii), subject to certain step-ups and step-downs based on the Company’s total leverage ratio. The interest rate applicable to any borrowing under the term A facility equals the adjusted term SOFR plus 1.75% per annum or ABR plus 0.75% subject to certain step-ups and step-downs based on the Company’s total leverage ratio with a minimum of 1.50% for SOFR borrowings and a minimum 0.50% for ABR borrowings.

As of January 3, 2026, the Company had (i) $4.0 million outstanding under the revolver at base rate plus a margin of 0.50% per annum for a total of 7.25%, (ii) $435.0 million outstanding under the revolver at SOFR plus a margin of 1.50% per annum for a total of 5.22141% per annum, (iii) $895.5 million outstanding under the term A facility at SOFR plus a margin of 1.75% per annum for a total of 5.47141% per annum, and (iv) €138.0 million outstanding under the revolving credit facility at EURIBOR plus a margin of 1.50% per annum for a total of 3.43001% per annum. As of January 3, 2026, the Company had revolving credit facility availability of $1.3 billion, taking into account amounts borrowed, ancillary facilities of $73.6 million and letters of credit issued of $0.8 million. The Company also has foreign bank guarantees of approximately $12.5 million that are not part of the Company’s Amended Credit Agreement at January 3, 2026. The Company capitalized approximately $8.0 million of deferred loan costs as of January 3, 2026 in connection with the Amended Credit Agreement.
The Amended Credit Agreement contains various customary representations and warranties by the Company, which include customary use of materiality, material adverse effect and knowledge qualifiers. The Amended Credit Agreement also contains (a) certain affirmative covenants that impose certain reporting and/or performance obligations on Darling and its restricted subsidiaries, (b) certain negative covenants that generally limit the ability of Darling and its restricted subsidiaries, subject to various exceptions, to, among other things, incur indebtedness and liens, enter into mergers and other fundamental changes, engage in other lines of business, make investments, dispose of assets, make distributions to equity holders, make payments on certain indebtedness, enter into transactions with affiliates and amend material debt documents, (c) financial covenants, which include a maximum total leverage ratio and a minimum interest coverage ratio and (d) customary events of default (including a change of control) for financings of this type. Obligations under the Senior Secured Credit Facilities may be declared due and payable upon the occurrence and during the continuance of customary events of default.

4.5% Senior Notes due 2032. On June 24, 2025, Darling Global Finance B.V. (the “4.5% Issuer”), an indirect, wholly owned subsidiary of Darling, issued and sold €750.0 million aggregate principal amount of 4.5% Senior Notes due 2032 (the “4.5% Notes”). The 4.5% Notes, which were offered in a private offering, were issued pursuant to a Senior Notes Indenture, dated as of June 24, 2025 (the “4.5% Indenture”), among Darling Global
Finance B.V., Darling, the subsidiary guarantors party thereto from time to time, GLAS Trust Company LLC, as trustee, principal paying agent and registrar. The gross proceeds of the offering, together with borrowings under the Company’s revolving credit facility, were used to (i) redeem the Company’s previous 3.625% senior notes and repay or otherwise refinance the Company’s Previous Credit Agreement, and (ii) pay costs, fees and expenses related to the refinancing.

The 4.5% Notes will mature on July 15, 2032. The 4.5% Issuer pays interest on the 4.5% Notes on January 15 and July 15 of each year commencing on January 15, 2026. Interest on the 4.5% Notes accrues at a rate of 4.5% per annum and is payable in cash. The 4.5% Notes are guaranteed by Darling and all of Darling’s restricted subsidiaries (other than any foreign subsidiary or any receivable entity) that are borrowers under or guarantee the Senior Secured Credit Facilities (collectively, the “4.5% Guarantors”). The 4.5% Notes and the guarantees thereof are senior unsecured obligations of the 4.5% Issuer and the 4.5% Guarantors and rank equally in right of payment to all of the 4.5% Issuer's and the 4.5% Guarantors’ existing and future senior indebtedness. The 4.5% Indenture contains covenants limiting Darling’s ability and the ability of its restricted subsidiaries (including the 4.5% Issuer) to, among other things: grant liens to secure indebtedness and merge with or into other companies or otherwise dispose of all or substantially all of their assets. The 4.5% Indenture also requires any non-guarantor restricted subsidiary that is a borrower under or that guarantees the Senior Secured Credit Facilities or, if the Senior Secured Credit Facilities are not outstanding, incurs certain material indebtedness, to guarantee the notes, unless such non-guarantor restricted subsidiary is a foreign subsidiary, receivables entity or another exception applies. These covenants include significant exceptions and qualifications. The 4.5% Indenture does not directly restrict the issuer or the guarantors from incurring indebtedness, paying dividends or making other distributions, repurchasing Darling’s capital stock, or making investments. The Company capitalized approximately $10.3 million of deferred loan costs as of January 3, 2026 in connection with the 4.5% Notes.
Other than in connection with a change of control repurchase event, as described in the 4.5% Indenture, the 4.5% Issuer is not required to make mandatory redemption or sinking fund payments on the 4.5% Notes. The 4.5% Issuer may redeem some or all of the 4.5% Notes at any time prior to July 15, 2028 at a redemption price of 100% of the principal amount plus a “make-whole” premium as provided in the 4.5% Indenture. The 4.5% Notes become redeemable at any time from July 15, 2028, in whole or in part, at the fixed redemption price specified in the 4.5% Indenture.

6% Senior Notes due 2030. On June 9, 2022, Darling issued and sold $750.0 million aggregate principal amount of 6% Senior Notes due 2030 (the “6% Initial Notes”). The 6% Initial Notes, which were offered in a private offering, were issued pursuant to a Senior Notes Indenture, dated as of June 9, 2022 (the “6% Base Indenture”), among Darling, the subsidiary guarantors party thereto from time to time, and Truist Bank, as trustee. The gross proceeds from the offering, together with cash on hand, were used to repay the Company’s outstanding revolver borrowings and for general corporate purposes, including to pay the discount of the initial purchasers and to pay the other fees and expenses related to the offering. On August 17, 2022, Darling issued an additional $250.0 million in aggregate principal amount of its 6% Senior Notes due 2030 (the “add-on notes” and, together with the 6% Initial Notes, the “6% Notes”). The add-on notes and related guarantees, which were offered in a private offering, were issued as additional notes under the 6% Base Indenture, as supplemented by a supplemental indenture, dated as of August 17, 2022 (the “supplemental indenture” and, together with the 6% Base Indenture, the “6% Indenture”). The add-on notes have the same terms as the 6% Initial Notes (other than issue date and issue price) and, together with the 6% Initial Notes, constitute a single class of securities under the 6% Indenture. The add-on notes were issued at a premium resulting in the Company receiving $255.0 million upon issuance. The premium of approximately $5.0 million is being amortized over the term of the now $1.0 billion of 6% Notes.

The 6% Notes will mature on June 15, 2030. Darling pays interest on the 6% Notes on June 15 and December 15 of each year. Interest on the 6% Notes accrues at a rate of 6% per annum and is payable in cash. The 6% Notes are guaranteed by Darling and all of Darling’s restricted subsidiaries (other than foreign subsidiaries) that are borrowers under or that guarantee the Senior Secured Credit Facilities (collectively, the “6% Guarantors”). The 6% Notes and the guarantees thereof are senior unsecured obligations of Darling and the 6% Guarantors and rank equally in right of payment to all of Darling’s and the 6% Guarantors’ existing and future senior indebtedness. The 6% Indenture contains covenants limiting Darling's ability and the ability of its restricted subsidiaries to grant liens to secure indebtedness and merge with or into other companies or otherwise dispose of all or substantially all of Darling's assets.

Other than for extraordinary events such as a change of control, Darling is not required to make mandatory redemption or sinking fund payments on the 6% Notes. The 6% Notes are redeemable, in whole or in part, at any
time on or after June 15, 2025 at the redemption prices specified in the 6% Indenture. Darling may redeem the 6% Notes in whole, but not in part, at any time prior to June 15, 2025, at a redemption price equal to 100% of the principal amount of the 6% Notes redeemed, plus an Applicable Premium as specified in the 6% Indenture.

5.25% Senior Notes due 2027. On April 3, 2019, Darling issued and sold $500.0 million aggregate principal amount of 5.25% Senior Notes due 2027 (the “5.25% Notes”). The 5.25% Notes, which were offered in a private offering, were issued pursuant to a Senior Notes Indenture, dated as of April 3, 2019 (the “5.25% Indenture”), among Darling, the subsidiary guarantors party thereto from time to time, and Regions Bank, as trustee.

The 5.25% Notes will mature on April 15, 2027. Darling pays interest on the 5.25% Notes on April 15 and October 15 of each year. Interest on the 5.25% Notes accrues at a rate of 5.25% per annum and is payable in cash. The 5.25% Notes are guaranteed by Darling and all of Darling's restricted subsidiaries (other than foreign subsidiaries) that are borrowers under or that guarantee the Senior Secured Credit Facilities (collectively, the “5.25% Guarantors”). The 5.25% Notes and the guarantees thereof are senior unsecured obligations of Darling and the 5.25% Guarantors and rank equally in right of payment to all of the Darling’s and the 5.25% Guarantors’ existing and future senior indebtedness. The 5.25% Indenture contains covenants limiting Darling’s ability and the ability of its restricted subsidiaries to, grant liens to secure indebtedness and merge with or into other companies or otherwise dispose of all or substantially all of Darling's assets.

Other than for extraordinary events such as a change of control, Darling is not required to make mandatory redemption or sinking fund payments on the 5.25% Notes. The 5.25% Notes became redeemable from April 15, 2024, in whole or in part, at any time at their face value.

As of January 3, 2026, the Company is in compliance with all of the financial covenants under the Amended Credit Agreement, and believes it is in compliance with all of the other covenants contained in the Amended Credit Agreement, the 4.5% Indenture, the 6% Indenture and the 5.25% Indenture.

Maturities of long-term debt at January 3, 2026 are as follows (in thousands):
 
Contractual
Debt Payment
2026$75,867 
2027512,762 
202810,005 
202911,895 
20301,612,177 
Thereafter1,734,451 
$3,957,157 
v3.25.4
Other Noncurrent Liabilities
12 Months Ended
Jan. 03, 2026
OTHER NONCURRENT LIABILITIES [Abstract]  
OTHER NONCURRENT LIABILITIES OTHER NONCURRENT LIABILITIES
Other noncurrent liabilities consist of the following (in thousands):

 January 3, 2026December 28, 2024
Accrued pension liability less amounts included in liabilities to be disposed of (Note 5 and Note 16)$17,015 $17,676 
Reserve for self-insurance, litigation, environmental and tax matters (Note 21)68,795 80,757 
Long-term acquisition hold backs (Note 3)98,461 104,684 
Other5,183 5,233 
 $189,454 $208,350 
v3.25.4
Income Taxes
12 Months Ended
Jan. 03, 2026
Income Tax Disclosure [Abstract]  
INCOME TAXES INCOME TAXES
U.S. and foreign income before income taxes are as follows (in thousands):
        
January 3, 2026December 28, 2024December 30, 2023
United States$(165,040)$(17,062)$399,378 
Foreign226,066 264,570 320,579 
Income before income taxes$61,026 $247,508 $719,957 

Income tax expense/(benefit) attributable to income before income taxes consists of the following (in thousands):
         
    
January 3, 2026December 28, 2024December 30, 2023
Current:  
Federal$(213)$287 $1,574 
State1,875 1,956 1,336 
Foreign92,154 81,704 104,997 
Total current93,816 83,947 107,907 
Deferred:  
Federal(86,252)(121,872)(22,868)
State(5,846)(1,643)(28,511)
Foreign(11,077)1,231 3,040 
Total deferred(103,175)(122,284)(48,339)
$(9,359)$(38,337)$59,568 

As further described in Note 26, New Accounting Pronouncements, the Company has elected to prospectively adopt the guidance in Accounting Standard Update (“ASU”) No. 2023-09, Income Taxes (Topic 740) Improvements to Income Tax Disclosures, or ASU 2023-09. The following table is a reconciliation of the U.S. federal statutory rate to the Company’s effective rate in accordance with the guidance in ASU No. 2023-09 (in thousands, except percentages):
January 3, 2026
AmountPercent
U.S. federal statutory tax rate$12,816 21.0 %
State and local income taxes, net of federal effect (1)(3,640)(6.0)%
Foreign tax effects
Belgium2,120 3.5 %
Brazil
Non-taxable change in contingent payment liability6,115 10.0 %
Deductible outside basis difference(12,720)(20.8)%
Withholding taxes15,397 25.2 %
Change in tax law12,703 20.8 %
Changes in valuation allowance11,764 19.3 %
Other(2,046)(3.3)%
Canada
Statutory rate differential(3,400)(5.6)%
Provincial income taxes6,476 10.6 %
Deferred tax on unremitted foreign earnings2,162 3.5 %
Other(76)(0.1)%
Germany
Local income taxes3,674 6.0 %
Other(2,003)(3.3)%
Netherlands
Statutory rate differential2,625 4.3 %
Tax credits – withholding taxes(15,838)(25.9)%
Tax credits – Brazil tax sparing(5,088)(8.3)%
Nondeductible goodwill impairment4,159 6.8 %
Changes in valuation allowance2,144 3.5 %
Other3,483 5.7 %
Other foreign jurisdictions1,951 3.2 %
Effects of cross – border tax laws953 1.6 %
Tax credits
Biofuel tax incentives(59,625)(97.7)%
Other(153)(0.2)%
Nontaxable or nondeductible items
Nondeductible compensation expenses2,843 4.7 %
Other2,705 4.4 %
Changes in unrecognized tax benefits(285)(0.5)%
Other adjustments1,425 2.3 %
Effective tax rate$(9,359)(15.3)%

(1) Louisiana, Illinois, Texas, California, Minnesota, Iowa and Indiana represent the majority of the tax effect in this category.

The following table is a reconciliation of the U.S. federal statutory rate of 21% to the Company’s effective rate for the years ended December 28, 2024 and December 30, 2023 in accordance with the guidance prior to the adoption of ASU 2023-09. Income tax expense/(benefit) for the years ended December 28, 2024 and December 30, 2023, differed from the amount computed by applying the statutory U.S. federal income tax rate to income before income taxes as a result of the following (in thousands):
        
December 28, 2024December 30, 2023
Computed "expected" tax expense$51,977 $151,191 
Change in valuation allowance50,231 27,713 
Non-deductible compensation expenses3,443 5,779 
Deferred tax on unremitted foreign earnings1,897 3,686 
Foreign rate differential13,817 16,607 
Withholding taxes(4,063)(4,696)
Change in uncertain tax positions(2,594)(3,477)
State income taxes, net of federal benefit(9,786)(20,868)
Biofuel tax incentives(127,081)(125,006)
Global intangible low taxed income1,882 14,943 
Change in contingent payment liability(16,029)(655)
Change in tax law— (5,890)
Equity compensation windfall(341)(2,241)
Other, net(1,690)2,482 
$(38,337)$59,568 

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities at January 3, 2026 and December 28, 2024 are presented below (in thousands):        
 January 3, 2026December 28, 2024
Deferred tax assets:  
Loss contingency reserves$14,427 $14,099 
Employee benefits14,221 13,715 
Pension liability3,397 3,307 
Interest expense carryforwards98,885 87,702 
Tax loss carryforwards519,940 417,119 
Tax credit carryforwards6,125 2,771 
Operating lease liabilities58,718 56,484 
Inventory11,701 9,705 
Accrued liabilities and other63,959 62,800 
Total gross deferred tax assets791,373 667,702 
Less valuation allowance(115,163)(86,927)
Net deferred tax assets676,210 580,775 
Deferred tax liabilities:
Intangible assets amortization, including tax deductible goodwill(290,426)(256,453)
Property, plant and equipment depreciation(153,948)(192,280)
Investment in DGD Joint Venture(326,010)(316,993)
Operating lease assets(58,516)(55,221)
Tax on unremitted foreign earnings(40,173)(16,492)
Other(23,162)(13,990)
Total gross deferred tax liabilities(892,235)(851,429)
Net deferred tax liability$(216,025)$(270,654)
Amounts reported on Consolidated Balance Sheets:
Non-current deferred tax asset$24,536 $22,368 
Non-current deferred tax liability(240,561)(293,022)
Net deferred tax liability$(216,025)$(270,654)
     
At January 3, 2026, the Company had net operating loss carryforwards for federal income tax purposes of approximately $1.7 billion which can be carried forward indefinitely. The Company had interest expense carryforwards of approximately $426.4 million and $205.4 million for federal and state income tax purposes, which may be carried forward indefinitely. The Company had approximately $729.3 million of net operating loss
carryforwards for state income tax purposes, $549.8 million of which expire in 2026 through 2055 and $179.5 million of which can be carried forward indefinitely. The Company had foreign net operating loss carryforwards of approximately $384.9 million, $34.7 million of which expire in 2026 through 2038 and $350.2 million of which can be carried forward indefinitely. Also at January 3, 2026, the Company had U.S. federal and state tax credit carryforwards of approximately $3.9 million. As of January 3, 2026, the Company also had a valuation allowance of $115.2 million due to uncertainties in its ability to utilize certain of its state net operating loss and credit carryforwards, foreign net operating loss carryforwards and other foreign deferred tax assets.

At January 3, 2026, the Company had unrecognized tax benefits of approximately $9.9 million. All of the unrecognized tax benefits would favorably impact the Company’s effective tax rate if recognized. The Company recognizes accrued interest and penalties, as appropriate, related to unrecognized tax benefits as a component of income tax expense. As of January 3, 2026, interest and penalties related to unrecognized tax benefits were $2.7 million.

A reconciliation of the beginning and ending amounts of unrecognized tax benefits is as follows (in thousands):

January 3, 2026December 28, 2024
Balance at beginning of Year$10,752 $13,872 
Change in tax positions related to current year(4,015)(4,600)
Change in tax positions related to prior years3,165 1,480 
Change in tax positions due to settlement with tax authorities— — 
Expiration of the statute of limitations— — 
Balance at end of year$9,902 $10,752 

In fiscal 2025, the Company’s major taxing jurisdictions are U.S. (federal and state), Belgium, Brazil, Canada, China, France, Germany, the Netherlands and Poland. The Company is subject to regular examination by various tax authorities. Although the final outcome of these examinations is not yet determinable, the Company does not anticipate that any of the examinations will have a significant impact on the Company’s results of operations or financial position. The statute of limitations for the Company’s major jurisdictions is open for varying periods, but is generally closed through the 2013 tax year.

The Company expects to have access to its offshore earnings with minimal to no additional U.S. tax impact. Therefore, the Company does not consider these earnings to be permanently reinvested offshore. As of January 3, 2026, a deferred tax liability of approximately $40.2 million has been recorded for any incremental taxes, including foreign withholding taxes, that are estimated to be incurred when those earnings are distributed to the U.S. in future years.

On August 16, 2022 the U.S. government enacted the IR Act that includes a new 15% alternative minimum tax based upon financial statement income (“book minimum tax”), a 1% excise tax on stock buybacks and tax incentives for energy and climate initiatives, among other provisions. The provisions of the IR Act are generally effective for periods after December 31, 2022. The blender tax credits, which are refundable excise tax credits, expired on December 31, 2024. The CFPC, a transferable income tax credit, becomes effective from 2025.

On January 10, 2025, the U.S. Department of the Treasury and Internal Revenue Service released Notices 2025-10 and 2025-11, which provide clarity on issues including which entities and fuels are eligible for the credit and how taxpayers determine lifecycle emissions. In conjunction with such guidance, the Department of Energy released the 45ZCF-GREET Model allowing clean fuel producers to compute and claim the CFPC. Like the blenders tax credits, the CFPC is generated by DGD and significantly impacts our effective tax rate relative to the federal statutory rate of 21%.

On July 4, 2025, the OBBBA was enacted in the U.S. The OBBBA includes significant provisions, such as the permanent extension of certain expiring provisions of the Tax Cuts and Jobs Act, modifications to the international tax framework and the restoration of favorable tax treatment for certain business provisions. The legislation has multiple effective dates, with certain provisions effective in 2025 and others implemented through 2027. The legislation did not have a material effect on the Company’s results or financial position in 2025. We are currently
evaluating the changes, such as foreign feedstock restrictions and a reduction of the SAF elevated, base rate with respect to the CFPC, that become effective beginning in 2026.
The Organization for Economic Co-operation and Development (OECD) has a framework to implement a global minimum corporate income tax of 15% for companies with global revenues above certain thresholds (referred to as Pillar 2) that has been agreed upon in principle by over 140 countries. While it is not expected that the U.S. will enact legislation to adopt Pillar 2, certain countries in which the Company operates have adopted Pillar 2 legislation or are in the process of introducing legislation to implement Pillar 2. Although the framework provides model rules for applying the minimum tax, countries may enact Pillar 2 differently than the model rules and on different timelines and may adjust their domestic tax incentives in response to Pillar 2. Since the Company does not have significant operations in foreign jurisdictions with tax rates below the 15% minimum, Pillar 2 did not have a material impact in 2025. On January 5, 2026, the OECD approved changes to the model rules that included the introduction of a “side-by-side” rule which would exempt U.S.-parented companies from certain aspects of the global minimum tax regime. We are evaluating the potential consequences of Pillar 2 and the side-by-side rule on our longer-term financial position.
v3.25.4
Stockholders' Equity and Stock-Based Compensation
12 Months Ended
Jan. 03, 2026
Stockholders' Equity and Stock-Based Compensation [Abstract]  
STOCKHOLDERS' EQUITY AND STOCK-BASED COMPENSATION STOCKHOLDERS' EQUITY AND STOCK-BASED COMPENSATION
The Company’s Board of Directors approved a share repurchase program in August 2017, which was refreshed on June 21, 2024 up to an aggregate of $500.0 million of the Company’s Common Stock depending on market conditions and extended to August 13, 2026. During fiscal 2025, fiscal 2024 and fiscal 2023, the Company repurchased approximately $34.7 million, $34.3 million and $52.9 million, including commissions, of its common stock in the open market, respectively. As of January 3, 2026, the Company has approximately $460.3 million remaining under the share repurchase program.

On May 9, 2017, the shareholders approved the Company’s 2017 Omnibus Incentive Plan (the “2017 Omnibus Plan”).  The 2017 Omnibus Plan replaced the Company’s 2012 Omnibus Incentive Plan (the “2012 Omnibus Plan”) for future grants. Under the 2017 Omnibus Plan, the Company can grant stock options, stock appreciation rights, non-vested and restricted stock (including performance stock), restricted stock units (including performance units), other stock-based awards, non-employee director awards, dividend equivalents and cash-based awards.  Initially, there were up to 20,166,500 common shares available under the 2017 Omnibus Plan for grants to participants in any plan year (as such term is defined in the 2017 Omnibus Plan).  Some of those shares have been issued pursuant to prior award agreements and some are subject to outstanding awards as detailed in the tables below.  To the extent these outstanding awards are forfeited or expire without exercise, the shares will be returned to and available for future grants under the 2017 Omnibus Plan.  The 2017 Omnibus Plan’s purpose is to attract, retain and motivate employees, directors and third-party service providers of the Company and to encourage them to have a financial interest in the Company.  The 2017 Omnibus Plan is administered by the Compensation Committee (the “Committee”) of the Board of Directors.  The Committee has the authority to select plan participants, grant awards, and determine the terms and conditions of such awards as provided in the 2017 Omnibus Plan.  For each of fiscal 2025, 2024 and 2023, the Committee adopted an executive compensation program that includes a long-term incentive component (the “LTIP”) for the Company’s key employees, as a subplan under the terms of the 2017 Omnibus Plan. For each of the fiscal 2025, 2024 and 2023 LTIPs, participants received (i) performance share units (“PSUs”) tied to a three-year, forward looking performance metric and (ii) restricted stock units (“RSUs”) that vest 33.33% on the first, second and third anniversaries of grant. The principal purpose of the LTIP is to encourage the participants to enhance the value of the Company and, hence, the price of the Company’s stock and the stockholders' return.  In addition, the LTIP is designed to create retention incentives for the individual and to provide an opportunity for increased equity ownership by participants. See “Stock Option Awards”, “Non-vested Stock and Restricted Stock Unit Awards” “Fiscal 2025 LTIP PSU Awards”, “Fiscal 2024 LTIP PSU Awards” and “Fiscal 2023 LTIP PSU Awards” below for more information regarding the stock options, PSUs and RSUs granted and outstanding at January 3, 2026. At January 3, 2026, the number of common shares available for issuance under the 2017 Omnibus Plan was 4,019,941.

At January 3, 2026, $8.8 million of total future equity-based compensation expense (determined using the Black-Scholes option pricing model and Monte Carlo model for non-vested stock grants with performance based incentives) related to outstanding non-vested options and stock awards is expected to be recognized over a weighted average period of 1.2 years.
 
The following is a summary of stock-based compensation awards granted and/or outstanding during the years ended January 3, 2026, December 28, 2024 and December 30, 2023.
Stock Option Awards. Stock options to purchase shares of Darling common stock can be granted from time to time by the Committee to certain of the Company’s employees as part of the Company’s LTIP. The Committee included stock options as part of the LTIP from fiscal 2016 to fiscal 2020, until they were replaced by RSUs beginning in fiscal 2021. For options granted by the Committee the exercise price is equal to the closing price of Darling common stock on the date of grant. Stock options generally vest 33.33% on the first, second and third anniversaries of the grant date. The Company generally only grants nonqualified stock options, which generally terminate 10 years after the date of grant.

A summary of all stock option activity during fiscal 2023, 2024 and 2025, and outstanding as of the end of each such fiscal year is as follows:     
 Number of
shares
Weighted-avg.
exercise price
per share
Weighted-avg.
remaining
contractual life
Options outstanding at December 31, 20222,756,587 $17.23 4.3 years
Granted— — 
Exercised(223,000)20.43 
Forfeited(2,212)26.54 
Expired— — 
Options outstanding at December 30, 20232,531,375 16.94 3.3 years
Granted— — 
Exercised(119,651)18.20 
Forfeited(7,257)19.12 
Expired— — 
Options outstanding at December 28, 20242,404,467 16.87 2.4 years
Granted— —  
Exercised(356,146)15.47  
Forfeited(6,328)14.04  
Expired— —  
Options outstanding at January 3, 20262,041,993 $17.12 1.8 years
Options exercisable at January 3, 20262,041,993 $17.12 1.8 years
 
For the years ended January 3, 2026 and December 28, 2024, the amount of cash received from the exercise of options was approximately $0.4 million in each such year and the related tax benefit was approximately $0.2 million and $0.7 million, respectively. For the years ended December 30, 2023 the amount of cash received from the exercise of options was less than $0.1 million and the related tax benefit was approximately $1.2 million. The total intrinsic value of options exercised for the years ended January 3, 2026, December 28, 2024 and December 30, 2023 was approximately $6.5 million, $2.8 million and $9.5 million, respectively.  The fair value of shares vested for the years ended January 3, 2026, December 28, 2024 and December 30, 2023 was approximately $21.8 million, $20.7 million and $33.0 million, respectively.  At January 3, 2026, the aggregate intrinsic value of options outstanding was approximately $41.9 million and the aggregate intrinsic value of options exercisable was approximately $41.9 million.

Non-Vested Stock and Restricted Stock Unit Awards. Prior to fiscal 2016, the Company granted non-vested stock and RSUs to participants in the LTIP. Starting in fiscal 2016, the Committee made changes to the LTIP and instead of non-vested stock and RSUs, the Company began to grant PSUs and stock options as part of the LTIP. In fiscal 2021, the Committee replaced the stock option component of the LTIP with RSUs. In addition, the Company grants individual non-vested stock and RSU awards to key employees from time to time at the discretion of the Committee, with each RSU equivalent to one share of common stock and payable upon vesting in an equivalent number of shares of Darling common stock. For grants made under the 2017 Omnibus Plan, all non-vested stock and RSU awards generally vest ratably on the first three anniversary dates of the grant. Generally, upon voluntary termination of employment or termination for cause, non-vested stock and RSU awards that have not vested are forfeited; whereas, generally, upon death, disability, qualifying retirement or termination without cause, a pro-rata portion of the unvested non-vested stock and RSU awards will vest and be payable.

Fiscal 2025 LTIP RSU awards and Restricted Stock awards. In fiscal 2025, the Committee granted 236,923 RSUs on January 3, 2025 under the Company’s 2025 LTIP. On January 3, 2025, the Committee also granted one of the
newly hired executive officers a one-time grant of 7,207 RSUs as part of his employment package that will vest in three equal installments on the first, second and third anniversaries of the grant date.

Fiscal 2024 LTIP RSU awards and Restricted Stock awards. In fiscal 2024, the Committee granted 162,913 RSUs on January 3, 2024 under the Company’s 2024 LTIP. The Committee did not make any discretionary non-vested stock or RSU grants in fiscal 2024.

Fiscal 2023 LTIP RSU awards and Restricted Stock awards. In fiscal 2023, the Committee granted 118,208 RSUs on January 3, 2023 under the Company’s 2023 LTIP. On May 11, 2023 and August 7, 2023, the Committee awarded 4,432 and 1,980, respectively of RSUs under the Company’s 2023 LTIP to newly hired executive officers, which will have the same vesting dates and terms as those issued to the other participants on January 3, 2023. On May 11, 2023, the Committee granted one of the newly hired executive officers a one-time grant of 44,304 RSUs as part of his employment package that will vest in three equal installments on the first, second and third anniversaries of the grant date.

A summary of the Company’s non-vested stock and RSU award activity during fiscal 2023, 2024 and 2025, and outstanding as of the end of each such fiscal year, is as follows:

 Non-Vested, and RSU
Shares
Weighted Average
Grant Date
Fair Value
Stock awards outstanding December 31, 2022170,249 $66.31 
Shares granted168,924 61.73 
Shares vested(70,251)65.03 
Shares forfeited(3,270)62.55 
Stock awards outstanding December 30, 2023265,652 63.78 
Shares granted162,913 49.01 
Shares vested(131,600)63.45 
Shares forfeited(2,847)43.72 
Stock awards outstanding December 28, 2024294,118 55.94 
Shares granted244,130 34.69 
Shares vested(143,425)58.21 
Shares forfeited(29,627)49.51 
Stock awards outstanding January 3, 2026365,196 $41.36 

Fiscal 2025 LTIP PSU Awards. On January 3, 2025, the Committee granted 355,383 PSUs under the Company’s 2025 LTIP. The PSUs are tied to a three-year forward-looking performance period and will be earned based on the Company’s average return on gross investment (ROGI) relative to the average ROGI of the Company’s performance peer group companies, and then are subject to modification based on the Company’s total shareholder return (“TSR”) over the three-year performance period relative to the TSR of the Company’s performance peer group companies, with all calculations being done in accordance with the terms of the award agreement, and with the earned award to be determined in the first quarter of fiscal 2028, after the final results for the relevant performance period are determined.

Fiscal 2024 LTIP PSU Awards. On January 3, 2024, the Committee granted 244,376 PSUs under the Company’s 2024 LTIP. The PSUs are tied to a three-year forward-looking performance period and will be earned based on the Company’s average ROGI relative to the average ROGI of the Company’s performance peer group companies, and then are subject to modification based on the Company’s TSR over the three-year performance period relative to the TSR of the Company’s performance peer group companies, with all calculations being done in accordance with the terms of the award agreement, and with the earned award to be determined in the first quarter of fiscal 2027, after the final results for the relevant performance period are determined.

Fiscal 2023 LTIP PSU Awards. On January 3, 2023, the Committee granted 177,299 PSUs under the Company’s 2023 LTIP. On May 11, 2023 and August 7, 2023, the Committee awarded 6,648 and 2,971, respectively, of PSUs under the 2023 LTIP to newly hired executive officers, which will have the same performance period and terms as those issued to the other participants on January 3, 2023. The PSUs are tied to a three-year forward-looking
performance period and will be earned based on the Company’s average ROGI relative to the average ROGI of the Company’s performance peer group companies, and the Company’s TSR relative to the TSR of the Company’s performance peer group companies, with all calculations being done in accordance with the terms of the award agreement, and with the earned award to be determined in the first quarter of fiscal 2026, after the final results for the relevant performance period are determined.

Under the 2025 LTIP, 2024 LTIP and 2023 LTIP, PSUs were granted at target level; however, actual awards may vary between 0% and 225% of the target number of PSUs, depending on the performance level achieved. In addition, the number of PSUs earned may be reduced (up to 30%) or increased (capped at the maximum payout) based on the Company’s TSR over the performance period.

A summary of the Company’s LTIP PSU award activity during fiscal 2023, 2024 and 2025, and outstanding as of the end of each such fiscal year, is as follows:
    
 LTIP PSU
Shares
Weighted Average
Grant Date
Fair Value
LTIP PSU awards outstanding December 31, 2022439,306 $50.58 
Granted186,918 66.67 
Additional PSU awards vested from performance263,221 31.80 
Stock issued for PSUs(473,824)31.80 
Forfeited(11,078)67.60 
LTIP PSU awards outstanding December 30, 2023404,543 67.33 
Granted244,376 53.43 
Additional PSU awards vested from performance142,600 61.12 
Stock issued for PSUs(257,918)61.14 
Forfeited(9,316)65.62 
LTIP PSU awards outstanding December 28, 2024524,285 62.24 
Granted355,383 37.70 
Additional PSU awards vested from performance58,670 75.13 
Stock issued for PSUs(160,770)75.13 
Forfeited(28,304)43.36 
LTIP PSU awards outstanding January 3, 2026749,264 $49.55 

The fair value of each PSU award under the Company’s 2025 LTIP, 2024 LTIP and 2023 LTIP was estimated on the date of grant using a Monte Carlo model with the following weighted average assumptions for fiscal 2025, fiscal 2024 and fiscal 2023.
                
Weighted Average202520242023
Expected dividend yield0.0%0.0%0.0%
Risk-free interest rate4.27%4.03%4.13%
Expected term3.00 years3.00 years2.98 years
Expected volatility40.7%41.9%49.6%

Nonemployee Director Restricted Stock Unit and Deferred Stock Unit Awards.  The Company has historically paid a portion of the annual compensation package provided to its non-employee directors in equity, which since fiscal 2014 has been in the form of restricted stock units. During fiscal 2025, fiscal 2024 and fiscal 2023, each non-employee director received $150,000 of restricted stock units, with directors appointed after the annual meeting receiving a prorated portion of such amount. The number of restricted stock units issued is calculated using the closing price of the Company’s stock on the date of grant. The award vests (and is no longer subject to forfeiture) on the first to occur of (i) the first anniversary of the grant date, (ii) the grantee’s separation from service as a result of death or disability, or (iii) a change of control. The award will become “payable” in shares of the Company’s stock in a single lump sum payment as soon as possible following a grantee’s separation from service, subject to a grantee’s right to elect earlier distributions under certain circumstances. If a grantee ceases to be a director for any
reason other than death or disability prior to vesting, the grantee will receive a prorated amount of the award up to the date of separation. Beginning in fiscal 2022, non-employee directors may also elect to receive all or a portion of their cash fees in the form of deferred stock units (“DSUs”), which are payable in shares of the Company’s common stock.

A summary of the Company’s non-employee director RSU and DSU award activity during fiscal 2023, 2024 and 2025, and outstanding as of the end of each such fiscal year, is as follows:        
 Director RSUs and Director DSUs
Shares
Weighted Average
Grant Date
Fair Value
Stock awards outstanding December 31, 2022208,934 $27.94 
Shares granted30,676 59.36 
Shares where the restriction lapsed(70,475)24.69 
Shares forfeited(1,007)61.01 
Stock awards outstanding December 30, 2023168,128 34.84 
Shares granted38,027 44.62 
Shares where the restriction lapsed(31,351)28.46 
Shares forfeited(2,640)44.52 
Stock awards outstanding December 28, 2024172,164 38.01 
Shares granted51,197 33.54 
Shares where the restriction lapsed(19,364)48.47 
Shares forfeited(956)34.31 
Stock awards outstanding January 3, 2026203,041 $35.90 
v3.25.4
Comprehensive Income
12 Months Ended
Jan. 03, 2026
Comprehensive Income [Abstract]  
COMPREHENSIVE INCOME COMPREHENSIVE INCOME/(LOSS)
The Company follows Financial Accounting Standards Board (“FASB”) authoritative guidance for reporting and presentation of comprehensive income or loss and its components.  Other comprehensive income (loss) is derived from adjustments that reflect pension adjustments, natural gas swap adjustments, corn option adjustments, soybean meal forward adjustments, interest swap adjustments, foreign exchange forward and option adjustments, heating oil swap adjustments and foreign currency translation adjustments.

In fiscal 2025, fiscal 2024 and fiscal 2023, the Company’s DGD Joint Venture entered into heating oil derivatives that were deemed to be cash flow hedges. As a result, the Company has accrued the other comprehensive income/(loss) portion belonging to Darling with an offset to the investment in DGD as required by FASB ASC Topic 323.

The components of other comprehensive income/(loss) and the related tax impacts for the years ended January 3, 2026, December 28, 2024 and December 30, 2023 are as follows (in thousands):


Before-TaxTax (Expense)Net-of-Tax
Amountor BenefitAmount
Year Ended December 30, 2023
Defined Benefit Pension Plans
Actuarial gain/(loss) recognized$1,669 $(650)$1,019 
Amortization of actuarial gain/(loss)1,725 (427)1,298 
Amortization of prior service costs(1)— (1)
Amortization of settlement(58)14 (44)
Other12 — 12 
Total defined benefit pension plans3,347 (1,063)2,284 
Soybean meal option derivatives
Reclassified to earnings(627)159 (468)
Activity recognized in other comprehensive income (loss)(3)(2)
Total soybean meal derivatives(630)160 (470)
Heating oil swap derivatives at DGD
Activity recognized in other comprehensive income (loss)45,268 (11,053)34,215 
Total heating oil derivatives45,268 (11,053)34,215 
Corn option derivatives
Reclassified to earnings(1,537)390 (1,147)
Activity recognized in other comprehensive income (loss)1,627 (412)1,215 
Total corn options90 (22)68 
Interest swap derivatives
Reclassified to earnings(1,843)448 (1,395)
Activity recognized in other comprehensive income (loss)5,818 (1,414)4,404 
Total interest swap derivatives3,975 (966)3,009 
Foreign exchange derivatives
Reclassified to earnings(34,491)11,822 (22,669)
Activity recognized in other comprehensive income (loss)40,170 (13,769)26,401 
Total foreign exchange derivatives5,679 (1,947)3,732 
Foreign currency translation140,618 (967)139,651 
Other comprehensive income/(loss)$198,347 $(15,858)$182,489 
Year Ended December 28, 2024
Defined Benefit Pension Plans
Actuarial gain/(loss) recognized$2,323 $(568)$1,755 
Amortization of actuarial gain/(loss)1,367 (326)1,041 
Amortization of prior service costs23 (3)20 
Amortization of settlement(10)(7)
Total defined benefit pension plans3,703 (894)2,809 
Soybean meal option derivatives
Reclassified to earnings(33)(25)
Activity recognized in other comprehensive income (loss)— — — 
Total soybean meal derivatives(33)(25)
Heating oil swap derivatives at DGD
Activity recognized in other comprehensive income (loss)(43,567)10,587 (32,980)
Total heating oil derivatives(43,567)10,587 (32,980)
Corn option derivatives
Reclassified to earnings(947)230 (717)
Activity recognized in other comprehensive income (loss)819 (199)620 
Total corn options(128)31 (97)
Interest swap derivatives
Reclassified to earnings(49,334)11,988 (37,346)
Activity recognized in other comprehensive income (loss)51,042 (12,403)38,639 
Total interest swap derivatives1,708 (415)1,293 
Foreign exchange derivatives
Reclassified to earnings980 (332)648 
Activity recognized in other comprehensive income (loss)(61,120)20,726 (40,394)
Total foreign exchange derivatives(60,140)20,394 (39,746)
Foreign currency translation(417,537)2,395 (415,142)
Other comprehensive income/(loss)$(515,994)$32,106 $(483,888)
Year Ended January 3, 2026
Defined Benefit Pension Plans
Actuarial gain/(loss) recognized$6,065 $(1,526)$4,539 
Amortization of actuarial gain/(loss)681 (165)516 
Amortization of prior service costs24 27 
Amortization of settlement5,551 (1,353)4,198 
Other22 — 22 
Total defined benefit pension plans12,343 (3,041)9,302 
Heating oil swap derivatives at DGD
Activity recognized in other comprehensive income (loss)12,078 (2,936)9,142 
Total heating oil derivatives12,078 (2,936)9,142 
Corn option derivatives
Reclassified to earnings385 (94)291 
Activity recognized in other comprehensive income (loss)(257)63 (194)
Total corn options128 (31)97 
Interest swap derivatives
Reclassified to earnings13,550 (3,293)10,257 
Activity recognized in other comprehensive income (loss)(19,456)4,728 (14,728)
Total interest swap derivatives(5,906)1,435 (4,471)
Foreign exchange derivatives
Reclassified to earnings(1,322)453 (869)
Activity recognized in other comprehensive income (loss)53,412 (18,302)35,110 
Total foreign exchange derivatives52,090 (17,849)34,241 
Foreign currency translation298,296 (5,963)292,333 
Other comprehensive income/(loss)$369,029 $(28,385)$340,644 

Fiscal Year Ended
January 3, 2026December 28, 2024December 30, 2023Statement of Operations Classification
Derivative instruments
Soybean meal option derivatives$— $33 $627 Total net sales
Foreign exchange derivatives1,322 (980)34,491 Total net sales
Corn option derivatives(385)947 1,537 Cost of sales and operating expenses
Interest rate swap derivatives(13,550)49,334 1,843 Foreign currency gain/(loss) and interest expense
(12,613)49,334 38,498 Total before tax
2,934 (11,894)(12,819)Income taxes
(9,679)37,440 25,679 Net of tax
Defined benefit pension plans
Amortization of prior service cost$(24)$(23)$(a)
Amortization of actuarial loss(681)(1,367)(1,725)(a)
Amortization of settlement(5,551)10 58 (a)
(6,256)(1,380)(1,666)Total before tax
1,515 326 413 Income taxes
(4,741)(1,054)(1,253)Net of tax
Total reclassifications$(14,420)$36,386 $24,426 Net of tax

(a)These items are included in the computation of net periodic pension cost. See Note 16 Employee Benefit Plans for additional information.

The following table presents changes in each component of accumulated comprehensive loss as of January 3, 2026 as follows (in thousands):

Fiscal Year Ended January 3, 2026
Foreign CurrencyDerivativeDefined Benefit
TranslationInstrumentsPension PlansTotal
Accumulated Other Comprehensive income/(loss) December 28, 2024, attributable to Darling, net of tax$(648,827)$(23,825)$(11,589)$(684,241)
Other comprehensive income before reclassifications292,333 29,330 4,561 326,224 
Amounts reclassified from accumulated other comprehensive income/(loss)— 9,679 4,741 14,420 
Net current-period other comprehensive income/(loss)292,333 39,009 9,302 340,644 
Noncontrolling interest(4,408)— — (4,408)
Accumulated Other Comprehensive income/(loss) January 3, 2026, attributable to Darling, net of tax$(352,086)$15,184 $(2,287)$(339,189)
v3.25.4
Employee Benefit Plans
12 Months Ended
Jan. 03, 2026
Employee Benefit Plans [Abstract]  
EMPLOYEE BENEFIT PLANS EMPLOYEE BENEFIT PLANS
The Company has retirement and pension plans covering a substantial number of its domestic and foreign employees. Most retirement benefits are provided by the Company under separate final-pay noncontributory and contributory defined benefit and defined contribution plans for all salaried and hourly employees (excluding those covered by union-sponsored plans) who meet service and age requirements. Although various defined benefit formulas exist for employees, generally these are based on length of service and earnings patterns during employment. Effective January 1, 2012, the Company’s Board of Directors authorized the Company to proceed with the restructuring of its domestic retirement benefit program to include the closing of Darling’s domestic salaried and hourly defined benefit plans to new participants as well as the freezing of service and wage accruals thereunder effective December 31, 2011 (a curtailment of these plans for financial reporting purposes) and the enhancing of benefits under the Company’s domestic defined contribution plans. During the second quarter of fiscal 2025, the Company terminated two of the Company’s domestic defined pension plans, resulting in a curtailment and a settlement for financial reporting purposes.
The Company maintains defined contribution plans both domestically and at its foreign entities. The Company’s matching portion and annual employer contributions to the Company’s domestic defined contribution plans for fiscal 2025, 2024 and 2023 were approximately $26.5 million, $15.4 million and $17.6 million, respectively. The Company’s matching portion and annual employer contributions to the Company’s foreign defined contribution plans for fiscal 2024, 2023 and 2022 were approximately $10.7 million, $9.4 million and $10.2 million, respectively.

The Company recognizes the over-funded or under-funded status of the Company’s defined benefit post-retirement plans as an asset or liability in the Company’s balance sheet, with changes in the funded status recognized through comprehensive income/(loss) in the year in which they occur. The Company uses the month-end date of December 31 as the measurement date for all of the Company’s defined benefit plans, which is the closest month-end to the Company’s fiscal year-end. The following table sets forth the plans’ funded status for the Company’s domestic and foreign defined benefit plans and amounts recognized in the Company’s Consolidated Balance Sheets based on the measurement date (December 31, 2025 and December 31, 2024) (in thousands):

    
 January 3,
2026
December 28,
2024
Change in projected benefit obligation:  
Projected benefit obligation at beginning of period$165,305 $172,354 
Plan acquisition— 82 
Service cost3,114 3,171 
Interest cost6,847 7,640 
Employee contributions423 353 
Plan combinations— 1,715 
Actuarial (gain)/loss(393)(4,736)
Benefits paid(8,644)(10,068)
Effect of curtailment(14)— 
Effect of settlement(34,100)(1,614)
Other (gain)/loss5,349 (3,592)
Projected benefit obligation at end of period137,887 165,305 
Change in plan assets:  
Fair value of plan assets at beginning of period151,698 155,412 
Actual return on plan assets11,468 4,853 
Employer contributions3,559 3,671 
Employee contributions423 353 
Plan combinations— 1,747 
Benefits paid(8,644)(10,068)
Effect of settlement(34,100)(1,614)
Other gain/(loss)3,336 (2,656)
Fair value of plan assets at end of period127,740 151,698 
Funded status(10,147)(13,607)
Net amount recognized$(10,147)$(13,607)
Amounts recognized in the consolidated balance
   sheets consist of:
  
Noncurrent assets$9,806 $5,348 
Current liability(1,640)(1,279)
Noncurrent liability(18,313)(17,676)
Net amount recognized$(10,147)$(13,607)
Amounts recognized in accumulated other
   comprehensive loss consist of:
  
Net actuarial loss$2,654 $16,212 
Prior service cost232 (983)
Net amount recognized (a)$2,886 $15,229 

(a) Amounts do not include deferred taxes of $0.6 million and $3.6 million at January 3, 2026 and December 28, 2024, respectively.
The amounts included in “Other” in the above table reflect the impact of foreign currency exchange translation for plans in Brazil, Belgium, Canada, France, Germany, Japan, Netherlands, Poland and United Kingdom. The Company’s domestic pension plan benefits comprise approximately 58% and 67% of the projected benefit obligation for fiscal 2025 and fiscal 2024, respectively. Additionally, the Company has made required and tax deductible discretionary contributions to its domestic pension plans in fiscal 2025 and fiscal 2024 of approximately $0.3 million and $0.4 million, respectively. The Company made required tax deductible discretionary contributions to its foreign pension plans in fiscal 2025 and fiscal 2024 of approximately $3.3 million and $3.3 million, respectively.

A significant component of the overall decrease in the Company’s benefit obligation for the fiscal year ended December 31, 2025 was from the effect of terminating domestic pension plans as compared to December 31, 2024.

Information for pension plans with accumulated benefit obligations in excess of plan assets is as follows (in thousands):
    
 January 3,
2026
December 28,
2024
Projected benefit obligation$26,448 $43,258 
Accumulated benefit obligation23,583 40,661 
Fair value of plan assets6,539 24,412 

The Company’s service cost component of net periodic pension cost is included in compensation costs while all components of net periodic pension cost other than the service cost component are included in the line item “Other income/(expense), net” in the Company’s Consolidated Statements of Operations.

Net pension cost includes the following components (in thousands):
    
 January 3,
2026
December 28,
2024
December 30,
2023
Service cost$3,114 $3,171 $2,714 
Interest cost6,847 7,640 7,836 
Expected return on plan assets(6,209)(7,228)(7,958)
Net amortization and deferral705 1,390 1,724 
Curtailment(14)— — 
Settlement5,551 (10)(58)
Net pension cost$9,994 $4,963 $4,258 
Weighted average assumptions used to determine benefit obligations were:
    
 January 3,
2026
December 28,
2024
December 30,
2023
Discount rate4.67%4.84%4.62%
Rate of compensation increase0.63%0.61%0.61%

Weighted average assumptions used to determine net periodic benefit cost for the employee benefit pension plans were:
        
 January 3,
2026
December 28,
2024
December 30,
2023
Discount rate4.61%3.55%4.26%
Rate of increase in future compensation levels0.81%0.57%0.57%
Expected long-term rate of return on assets5.31%5.30%5.72%
Consideration was made to the long-term time horizon for the (U.S. and Canada’s) plans’ benefit obligations as well as the related asset class mix in determining the expected long-term rate of return. Historical returns are also considered, over the long-term time horizon, in determining the expected return. Considering the overall asset mix of approximately 100% fixed income following declining equity exposure since the implementation of the dynamic asset allocation glide path (the “Glide Path”) for the U.S. plans, the Company believes it is reasonable to expect a long-term weighted average rate of return of 6.0% for the (U.S. and Canada’s) plans’ investments as a whole. The remaining foreign plans' assets are principally invested under insurance contracts arrangements which have weighted average expected long-term rate of returns of 2.7%.
 
The investment objectives have been established in conjunction with a comprehensive review of the current and projected financial requirements. The primary investment objectives are: 1) to have the ability to pay all benefit and expense obligations when due; 2) to maximize investment returns within reasonable and prudent levels of risk in order to minimize contributions; and 3) to maintain flexibility in determining the future level of contributions.

Investment results and changing discount rates are the most critical elements in achieving funding objectives; however, contributions are used as a supplemental source of funding as deemed appropriate.

The investment guidelines are based upon an investment horizon of greater than ten years; therefore, interim fluctuations are viewed with this perspective. The strategic asset allocation is based on this long-term perspective and the plans’ funded status. However, because the participants’ average age is somewhat older than the typical average plan age, consideration is given to retaining some short-term liquidity. Analysis of the cash flow projections of the plans indicates that benefit payments will continue to exceed contributions. The results of a thorough asset-liability study completed during 2012 established the Glide Path by which the U.S. plans’ asset allocations were determined. The Glide Path designated intervals based on funded status which contained a corresponding allocation to equities/real assets and fixed income. As the U.S. plans' funded status improved, the allocations became more conservative, and the opposite was true when the funded status declined. With two of the U.S. plans terminated in fiscal 2025 and the last U.S. plan exhibiting a funded state of over 100% on an accounting basis, the investment strategy for this plan was changed from the Glide Path strategy into a liability or fixed income driven investment strategy. Based on the plan’s funded status, the asset allocation was adjusted to 100% fixed income, which is in line with the range outlined by the liability drive investment strategy.
            
Fixed Income
90% - 100%
Equities
0% - 10%

The diversified asset allocation will invest in securities with a goal to outpace inflation and preserve their value. The securities in this allocation may consist of inflation-indexed bonds, securities of real estate companies, commodity index-linked notes, fixed-income securities, securities of natural resource companies, master limited partnerships, publicly-listed infrastructure companies, and floating rate debt and equities.

All investment objectives are expected to be achieved over a market cycle anticipated to be a period of five to seven years. Reallocations are performed on a regular basis to retain target allocation ranges.
The following table presents fair value measurements for the Company’s defined benefit plans’ assets as categorized using the fair value hierarchy under FASB authoritative guidance (in thousands):
TotalQuoted Prices in
Active Markets for
Identical Assets
Significant Other
Observable
Inputs
Significant
Unobservable
Inputs
(In thousands of dollars)Fair Value(Level 1)(Level 2)(Level 3)
Balances as of December 28, 2024    
Fixed Income:    
Long Term$91,016 $91,016 $— $— 
Short Term2,905 2,905 — — 
Equity Securities:    
Domestic equities19,290 19,290 — — 
International equities17,727 17,727 — — 
Insurance contracts20,760 — 18,777 1,983 
Totals$151,698 $130,938 $18,777 $1,983 
Balances as of January 3, 2026    
Fixed Income:    
Long Term$85,192 $85,192 $— $— 
Short Term5,430 5,430 — — 
Equity Securities:    
Domestic equities3,893 3,893 — — 
International equities9,621 9,621 — — 
Insurance contracts23,604 — 21,639 1,965 
Totals$127,740 $104,136 $21,639 $1,965 

The majority of the U.S. and Canada plan pension assets are invested in mutual funds; however, some assets are invested in collective investments trusts (“CIT”) or pooled separate accounts (“PSA”) which have similar mutual fund counterparts. CIT and PSA accounts are generally used to access lower fund management expenses when compared to their mutual fund counterparts. The mutual funds are generally invested in institutional shares, retirement shares, or A-shares with no loads. The fair value of each mutual fund, CIT, and PSA is based on the market value of the underlying investments. The majority of the foreign pension assets are held under insurance contracts where the investment risk for the accumulated benefit obligation rests with the insurer, which the Company has no specific detailed asset information.

The fair value measurement of plan assets using significant unobservable inputs (level 3) changed due to the following:
Insurance
(in thousands of dollars)Contracts
Balance as of December 30, 2023$2,018 
Unrealized gains (losses) relating to instruments still held in the reporting period.83 
Purchases, sales, and settlements— 
Exchange rate changes(118)
Balance as of December 28, 20241,983 
Unrealized gains (losses) relating to instruments still held in the reporting period.(260)
Purchases, sales, and settlements— 
Exchange rate changes242 
Balance as of January 3, 2026$1,965 
Contributions

The Company’s funding policy for employee benefit pension plans is to contribute annually not less than the minimum amount required nor more than the maximum amount that can be deducted for federal income tax purposes.  Contributions are intended to provide not only for benefits attributed to service to date but also for those expected to be earned in the future.

Based on current actuarial estimates, the Company expects to make payments of approximately $4.0 million to meet funding requirements for its domestic and foreign pension plans in fiscal 2026.
 
Estimated Future Benefit Payments

The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid (in thousands): 

Year EndingPension Benefits
2026$10,014 
202710,058 
202810,846 
202910,785 
203011,014 
Years 2031 – 203551,268 

Multiemployer Pension Plans

The Company participates in various multiemployer pension plans which provide defined benefits to certain employees covered by labor contracts in the United States.  These plans are not administered by the Company and contributions are determined in accordance with provisions of negotiated labor contracts to meet their pension benefit obligations to their participants. The FASB issued guidance requiring companies to provide additional disclosures related to individually significant multiemployer pension plans. The Company’s contributions to each individual multiemployer plan represent less than 5% of the total contributions to each such plan. Based on the most currently available information, the Company has determined that, if a withdrawal were to occur, withdrawal liabilities on two of the plans in which the Company currently participates could be material to the Company. The following table provides more detail on these significant multiemployer plans (contributions in thousands):
PensionEIN PensionPension Protection Act Zone StatusFIP/RP Status Pending/ContributionsExpiration Date of Collective Bargaining
FundPlan Number20252024Implemented202520242023Agreement
Western Conference of Teamsters Pension Plan91-6145047 / 001GreenGreenNo$1,218 $1,465 $1,443 May 2030 (b)
Central States, Southeast and Southwest Areas Pension Plan (a)36-6044243 / 001RedRedYes484 513 714 July 2028 (c)
All other multiemployer plans1,618 1,626 1,476 
Total Company Contributions$3,320 $3,604 $3,633 

(a)     As of its most recent public filing, the Central States, Southeast and Southwest Areas Pension Plan (Central States) was in the critical or red zone. In January 2023, however, the Pension Benefit Guaranty Corporation (PBGC) provided $35.8 billion in Special Financial Assistance (SFA) funds to Central States under the American Rescue Plan Act of 2021. Due to this SFA funding, Central States is still considered critical or red zone until 2051 per the PBGC even though funding status would otherwise be green.

(b)     The Company has several processing plants that participate in the Western Conference of Teamsters Pension Plan under collective bargaining agreements that require minimum funding contributions. Certain of these agreements have expired and are being negotiated while others have expiration dates through May 30, 2030.

(c)     The Company has several processing plants that participate in the Central States, Southeast and Southwest Areas Pension Plan under collective bargaining agreements that require minimum funding contributions. The agreements have expiration dates through July 1, 2028.
With respect to the other multiemployer pension plans in which the Company participates and which are not individually significant, five plans have certified as critical or red zone, as defined by the Pension Protection Act of 2006. The Company’s portion of contributions to all plans amounted to $3.3 million, $3.6 million and $3.6 million for the years ended January 3, 2026, December 28, 2024 and December 30, 2023, respectively.

The Company has withdrawal liabilities recorded on five U.S. multiemployer plans in which it participated. As of January 3, 2026, the Company has an aggregate accrued liability of approximately $4.3 million representing the present value of scheduled withdrawal liability payments on the remaining multiemployer plans that have given notices of withdrawals. While the Company has no ability to calculate a possible current liability for under-funded multiemployer plans that could terminate or could require additional funding under the Pension Protection Act of 2006, the amounts could be material.
v3.25.4
Derivatives
12 Months Ended
Jan. 03, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
DERIVATIVES DERIVATIVES
The Company’s operations are exposed to market risks relating to commodity prices that affect the Company’s cost of raw materials, finished product prices and energy costs and the risk of changes in interest rates and foreign currency exchange rates. The Company makes limited use of derivative instruments to manage cash flow risks related to natural gas usage, diesel fuel usage, inventory, forecasted sales and foreign currency exchange rates. The Company does not use derivative instruments for trading purposes.    

At January 3, 2026, the Company had foreign currency forward and option contracts and interest rate swaps outstanding that qualified and were designated for hedge accounting as well as corn option and forward contracts, soybean meal option contracts, soybean oil option contracts, other commodity forward contracts and foreign currency forward contracts that did not qualify and were not designated for hedge accounting.

Cash Flow Hedges

In fiscal 2023, the Company entered into interest rate swaps that are designated as cash flow hedges. Due to a change in the terms of the underlying debt instruments, the hedging relationships were dedesignated in June 2025. The cumulative gain of approximately $4.1 million, previously recognized in accumulated other comprehensive loss related to the cash flow hedges was reclassified to interest expense upon dedesignation. In July 2025, the Company designated interest rate swaps as cash flow hedges. The notional amount of these swaps totaled $900.0 million. Under the contracts, the Company is obligated to pay a weighted average rate of 3.656% while receiving the 1-month SOFR rate. Under the terms of the interest rate swaps, the Company hedged a portion of its variable rate debt into the second quarter of 2027. At January 3, 2026, the aggregate fair value of these interest rate swaps was approximately $2.2 million. These amounts are included in other current assets, accrued expenses and noncurrent liabilities on the balance sheet, with an offset recorded in accumulated other comprehensive loss. At December 28, 2024, the aggregate fair value of these interest rate swaps was approximately $4.2 million. These amounts are included in other current assets, other assets, accrued expenses and noncurrent liabilities on the balance sheet, with an offset recorded in accumulated other comprehensive loss.

In fiscal 2023, the Company also entered into cross currency swaps that were designated as cash flow hedges to hedge the Company's intercompany loans. During the second quarter of 2025, the intercompany loans and cross currency swaps were settled. At January 3, 2026 and December 28, 2024, the aggregate fair value of these cross currency swaps was approximately zero and $22.2 million, respectively. At December 28, 2024, these amounts are included in other current assets on the balance sheet, with an offset recorded in accumulated other comprehensive loss.

In fiscal 2025, fiscal 2024 and fiscal 2023, the Company entered into foreign exchange option and forward contracts that are considered cash flow hedges. Under the terms of the foreign exchange contracts, the Company hedged a portion of its forecasted sales in currencies other than the functional currency through the fourth quarter of fiscal 2026. At January 3, 2026, the aggregate fair value of these foreign exchange contracts was approximately $15.3 million. These amounts are included in other current assets and accrued expenses on the balance sheet, with an offset recorded in accumulated other comprehensive loss. At December 28, 2024, the aggregate fair value of these foreign exchange contracts was approximately $32.6 million, respectively. These amounts are included in other assets, accrued expenses and noncurrent liabilities on the balance sheet, with an offset recorded in accumulated other comprehensive loss.
The Company may enter into corn option and forward contracts that are considered cash flow hedges to hedge a portion of its forecasted sales of BBP. At January 3, 2026 and December 28, 2024, the aggregate fair value of the corn contracts was approximately zero and $0.1 million, respectively. These amounts are included in other current assets and accrued expenses on the balance sheet.

The Company may enter into soybean meal forward contracts, natural gas swap contracts and heating oil swap and option contracts from time to time. There were no open designated soybean meal forward, natural gas swap or heating oil swap and option contracts entered into by the Company at January 3, 2026 and December 28, 2024, respectively.

At January 3, 2026, the Company had the following outstanding forward contract amounts that were entered into to hedge the future payments of intercompany note transactions, foreign currency transactions in currencies other than the functional currency and forecasted transactions in currencies other than the functional currency (in thousands):
Functional CurrencyContract Currency
TypeAmountTypeAmount
Brazilian real357,062 Euro52,829 
Brazilian real1,845,023 U.S. Dollar319,202 
Euro15,432 U.S. Dollar18,084 
Euro91,420 Polish zloty387,055 
Euro9,537 Japanese yen1,734,164 
Euro20,567 Chinese renminbi170,255 
Euro16,339 Australian dollar28,900 
Euro5,347 British pound4,700 
Polish zloty77,077 Euro18,214 
Polish zloty920 U.S. dollar256 
British pound198 U.S. dollar265 
Japanese yen141,745 U.S. dollar918 
U.S. dollar376 Japanese yen58,096 
Australian dollar252 U.S. dollar169 

The above foreign currency contracts had an aggregate fair value of approximately $17.6 million and are included in other current assets and accrued expenses at January 3, 2026.

The Company estimates the amount that will be reclassified from accumulated other comprehensive loss at January 3, 2026 into earnings over the next 12 months will be approximately $23.7 million. As of January 3, 2026, $4.1 million has been reclassified into earnings as a result of the discontinuance of cash flow hedges.
    
The table below summarizes the effect of derivatives not designated as hedges on the Company’s consolidated statements of operations for the year ended January 3, 2026, December 28, 2024 and December 30, 2023 (in thousands):
Loss or (Gain) Recognized in Income on Derivatives Not Designated as Hedges
For The Year Ended
Derivatives not designated as hedging instruments
LocationJanuary 3, 2026December 28, 2024December 30, 2023
Foreign exchangeForeign currency loss/(gain)$(730)$(3,466)$(2,031)
Foreign exchangeNet sales(789)966 (1,789)
Foreign exchange
Cost of sales and operating expenses
193 (270)(294)
Foreign exchange
Selling, general and administrative expense
(21,539)16,908 (7,109)
Interest rate swapInterest Expense(961)— — 
Corn options and futuresNet sales— 652 1,945 
Corn options and futures
Cost of sales and operating expenses
(323)(1,295)(3,085)
Heating oil swaps and options
Selling, general and administrative expense
— — 49 
Soybean meal
Net sales(475)— 282 
Soybean oil
Net sales
4,190 — — 
Other Commodities
Selling, general and administrative expense
(957)— — 
Total$(21,391)$13,495 $(12,032)

At January 3, 2026, the Company had forward purchase agreements in place for purchases of approximately $261.1 million of natural gas and diesel fuel.  The Company intends to take physical delivery of the commodities under the forward purchase agreements and accordingly, these contracts are not subject to the requirements of fair value accounting because they qualify as normal purchases.
v3.25.4
Fair Value Measurement
12 Months Ended
Jan. 03, 2026
Fair Value Disclosures [Abstract]  
FAIR VALUE MEASUREMENT FAIR VALUE MEASUREMENT
FASB authoritative guidance which defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements including guidance related to nonrecurring measurements of nonfinancial assets and liabilities.

The following tables present the Company’s financial instruments that are measured at fair value on a recurring and nonrecurring basis as of January 3, 2026 and December 28, 2024 and are categorized using the fair value hierarchy under FASB authoritative guidance.  The fair value hierarchy has three levels based on the reliability of the inputs used to determine the fair value.

  Fair Value Measurements at January 3, 2026 Using
Quoted Prices in
Active Markets for
Identical Assets
Significant Other
Observable
Inputs
Significant
Unobservable
Inputs
(In thousands of dollars)Total(Level 1)(Level 2)(Level 3)
Assets
Derivative assets$23,590 $— $23,590 $— 
Total Assets23,590 — 23,590 — 
Liabilities
Derivative liabilities2,631 — 2,631 — 
Total Liabilities$2,631 $— $2,631 $— 
  Fair Value Measurements at December 28, 2024 Using
Quoted Prices in
Active Markets for
Identical Assets
Significant Other
Observable
Inputs
Significant
Unobservable
Inputs
(In thousands of dollars)Total(Level 1)(Level 2)(Level 3)
Assets
Derivative assets$30,693 $— $30,693 $— 
Total Assets30,693 — 30,693 — 
Liabilities
Derivative liabilities41,920 — 41,920 — 
Contingent consideration28,862 — — 28,862 
Total Liabilities$70,782 $— $41,920 $28,862 

Derivative assets and liabilities primarily consist of the Company’s corn option and future contracts, soybean meal and soybean oil forward and option contracts, foreign currency forward and option contracts, interest rate swap contracts and cross currency swap contracts which represent the difference between the observable market rates of commonly quoted intervals for similar assets and liabilities in active markets and the fixed swap rate considering the instrument’s term, notional amount and credit risk.  See Note 17 Derivatives for discussion on the Company’s derivatives.

The fair value measurement of contingent consideration liability uses significant unobservable inputs (level 3). Through the quarter ended March 29, 2025, we estimated the fair value of the FASA Group (“FASA”) contingent consideration using a Monte Carlo simulation methodology from a third-party that includes simulating the forecasted net income or earnings plus interest expense, taxes, depreciation and amortization (“EBITDA”) using a Geometric Brownian Motion in a risk-neutral framework. The assumptions used in the FASA contingent consideration analysis included in EBITDA volatility, credit spread, risk-free rate and exchange rate. Significant increases and decreases in these inputs could result in a significantly lower or higher fair value measurement of the FASA contingent consideration. At January 3, 2026, no Monte Carlo model was used as the contingent consideration period had elapsed and actual EBITDA was known and the contingent considerations was paid to the seller in September 2025 per the latest calculation. The seller had a certain amount of time to approve the contingent consideration. As of January 3, 2026, the seller has disputed the calculation and as of the date of this report no resolution has been determined; however, the Company does not believe it owes any additional contingent consideration amount at this time. The changes in contingent consideration are due to the following:

(in thousands of dollars)Contingent Consideration
Balance as of December 30, 2023$86,495 
Total included in earnings during period(46,706)
Exchange rate changes(10,927)
Balance as of December 28, 202428,862 
Total included in earnings during period18,024 
Exchange rate changes5,807 
Payments(52,693)
Balance as of January 3, 2026$— 
The fair value of financial instruments that are not carried at fair value are as follows:

  Fair Value Measurements at January 3, 2026 Using
Quoted Prices in
Active Markets for
Identical Assets
Significant Other
Observable
Inputs
Significant
Unobservable
Inputs
(In thousands of dollars)Total(Level 1)(Level 2)(Level 3)
Liabilities
6% Senior Notes$1,015,100 $— $1,015,100 $— 
5.25% Senior Notes499,000 — 499,000 — 
4.5% Senior Notes890,063 — 890,063 — 
Term loan A891,023 — 891,023 — 
Revolver592,133 — 592,133 — 
Total Liabilities$3,887,319 $— $3,887,319 $— 

  Fair Value Measurements at December 28, 2024 Using
Quoted Prices in
Active Markets for
Identical Assets
Significant Other
Observable
Inputs
Significant
Unobservable
Inputs
(In thousands of dollars)Total(Level 1)(Level 2)(Level 3)
Liabilities
6% Senior Notes$982,500 $— $982,500 $— 
5.25% Senior Notes490,000 — 490,000 — 
3.625% Senior Notes534,908 — 534,908 — 
Term loan A-1395,015 — 395,015 — 
Term loan A-2469,516 — 469,516 — 
Term loan A-3296,261 — 296,261 — 
Term loan A-4478,844 — 478,844 — 
Revolver264,330 — 264,330 — 
Total Liabilities$3,911,374 $— $3,911,374 $— 

The fair value of the senior notes, term loan A, term loan A-1, term loan A-2, term loan A-3, term loan A-4 and revolver debt is based on market quotation from third-party banks. The carrying amount for the Company’s other debt is not deemed to be significantly different than the fair value and all other instruments have been recorded at fair value. 
The carrying amount of cash, cash equivalents and restricted cash, accounts receivable, accounts payable and accrued expenses approximates fair value due to the short maturity of these instruments and as such have been excluded from the table above.
v3.25.4
Asset Impairment, Exit and Restructuring Costs
12 Months Ended
Jan. 03, 2026
Restructuring and Related Activities [Abstract]  
Asset Impairment, Exit and Restructuring Costs RESTRUCTURING AND ASSET IMPAIRMENT CHARGES
In fiscal 2025, the Company’s management decided to strategically realign certain operations in the feed segment. As a result, the Company incurred impairment charges of approximately $32.0 million and restructuring charges of approximately $0.2 million, which represented employee termination costs. In addition, the Company’s management determined a group of assets should be classified as assets held for sale as a result of meeting the classification criteria in the food segment. The Company incurred impairment charges of approximately $25.8 million upon classification of the food segment assets as held for sale.

In fiscal 2024, the Company’s management decided to close one feed segment location and transfer operations for optimization opportunities. The Company incurred restructuring charges of approximately $3.7 million, which included employee termination costs of approximately $1.0 million and other restructuring costs of approximately $2.7 million. In addition, the Company’s management decided to close operations at three food segment locations. As a result, the Company incurred restructuring charges of approximately $2.1 million, which included employee termination costs of approximately $1.7 million and other restructuring costs of approximately $0.4 million.
In fiscal 2023, the Company incurred restructuring and asset impairment charges related to the Peabody, Massachusetts plant closure including employee termination and retention costs of approximately $5.4 million, asset impairment charges of approximately $1.8 million and other plant restructuring and closure costs of approximately $5.9 million within the food segment. Additionally in fiscal 2023, the Company’s food segment incurred other employee severance costs of approximately $1.3 million and other restructuring costs of $0.1 million related to closing down of a processing location in Europe and transferring the material to another processing location. The Company’s management also decided to close or transfer operations for optimization opportunities at three feed segment locations in the U.S. As a result, the Company incurred asset impairment charges of approximately $2.9 million and other closure restructuring costs of approximately $1.0 million. Additionally in fiscal 2023, the Company incurred approximately $0.1 million of employee termination costs in the feed segment related to closing down of a processing location in Europe and transferring the material to another processing location.
v3.25.4
Concentration of Credit Risk
12 Months Ended
Jan. 03, 2026
CONCENTRATION OF CREDIT RISK [Abstract]  
CONCENTRATION OF CREDIT RISK CONCENTRATION OF CREDIT RISKConcentration of credit risk is generally limited due to the Company’s diversified customer base and the fact that the Company sells commodities. During fiscal year 2025, 2024 and 2023, approximately 20%, 17% and 20% of our total net sales were to the DGD Joint Venture. No single customer accounted for more than 10% of our accounts receivable at January 3, 2026 or December 28, 2024. See Note 24 for additional discussion of the Company’s transactions with the DGD Joint Venture.
v3.25.4
Contingencies
12 Months Ended
Jan. 03, 2026
Contingencies [Abstract]  
CONTINGENCIES CONTINGENCIES
The Company is a party to various lawsuits, claims and loss contingencies arising in the ordinary course of its business, including insured worker's compensation, auto, and general liability claims, assertions by certain regulatory and governmental agencies related to various matters including labor and employment, employee benefits, occupational safety and health, wage and hour, compliance, sustainability, permitting requirements, environmental matters, including air, wastewater and storm water discharges from the Company’s processing facilities and other federal, state and local issues, litigation involving tort, contract, statutory, labor, employment, and other claims, and tax matters.

The Company’s workers compensation, auto and general liability policies contain significant deductibles or self-insured retentions.  The Company estimates and accrues its expected ultimate claim costs related to accidents occurring during each fiscal year under these insurance policies and carries this accrual as a reserve until these claims are paid by the Company.

As a result of the matters discussed above, the Company has established loss reserves for insurance, regulatory, governmental, environmental and litigation. At January 3, 2026 and December 28, 2024, the reserves for insurance, regulatory, governmental, environmental and litigation reflected on the balance sheet in accrued expenses and other noncurrent liabilities was approximately $86.0 million and $97.1 million, respectively.  The Company has insurance recovery receivables reflected on the balance sheet in other assets of approximately $27.1 million and $39.0 million as of January 3, 2026 and December 28, 2024, respectively, related to the insurance contingencies. The Company’s management believes these reserves for contingencies are reasonable and sufficient based upon present governmental regulations and information currently available to management; however, there can be no assurance that final costs related to these contingencies will not exceed current estimates.  The Company believes that the likelihood is remote that any additional liability from the pending lawsuits and claims that may not be covered by insurance would have a material effect on the Company’s financial position, results of operations or cash flows.

Lower Passaic River Area. In December 2009, the Company, along with numerous other entities, received notice from the United States Environmental Protection Agency (“EPA”) that the Company (as alleged successor-in-interest to The Standard Tallow Corporation) is considered a potentially responsible party (a “PRP”) with respect to alleged contamination in the lower 17-mile area of the Passaic River (the “Lower Passaic River”) which is part of the Diamond Alkali Superfund Site located in Newark, New Jersey. The Company’s designation as a PRP is based upon the operation of former plant sites located in Newark and Kearny, New Jersey by The Standard Tallow Corporation, an entity that the Company acquired in 1996. In March 2016, the Company received another letter from the EPA notifying the Company that it had issued a Record of Decision (the “ROD”) selecting a remedy for the lower 8.3 miles of the Lower Passaic River area at an estimated cost of $1.38 billion. The EPA letter made no demand on the Company and laid out a framework for remedial design/remedial action implementation under
which the EPA would first seek funding from major PRPs. The letter indicated that the EPA had sent the letter to over 100 parties, which include large chemical and refining companies, manufacturing companies, foundries, plastic companies, pharmaceutical companies and food and consumer product companies. The Company asserts that it is not responsible for any liabilities of its former subsidiary The Standard Tallow Corporation, which was legally dissolved in 2000, and that, in any event, the Standard Tallow Corporation did not discharge any of the eight contaminants of concern identified in the ROD (the “COCs”). Subsequently, the EPA conducted a settlement analysis using a third-party allocator and offered early cash out settlements to those PRPs for whom the third-party allocator determined did not discharge any of the COCs. The Company participated in this allocation process, and in November 2019, received a cash out settlement offer from the EPA in the amount of $0.6 million ($0.3 million for each of the former plant sites in question) for liabilities relating to the lower 8.3 miles of the Lower Passaic River area. The Company accepted this settlement offer, and the settlement became effective on April 16, 2021 following the completion of the EPA's administrative approval process. In September 2021, the EPA released a ROD selecting an interim remedy for the upper nine miles of the Lower Passaic River at an expected additional cost of $441 million. In October 2022, the Company, along with other settling defendants, entered into a Consent Decree with the EPA pursuant to which the Company paid $0.3 million to settle liabilities for both of the former plant sites in question related to the upper nine miles of the Lower Passaic River. The Company paid this amount into escrow, as the settlement is subject to the EPA’s administrative approval process, which includes publication, a public comment period and court approval. In December 2024, the court granted the issuance of the Consent Decree; however, this decision has been appealed. On September 30, 2016, Occidental Chemical Corporation (“OCC”) entered into an agreement with the EPA to perform the remedial design for the cleanup plan for the lower 8.3 miles of the Lower Passaic River. On June 30, 2018, OCC filed a complaint in the United States District Court for the District of New Jersey against over 100 companies, including the Company, seeking cost recovery or contribution for costs under the Comprehensive Environmental Response, Compensation and Liability Act (“CERCLA”) relating to various investigations and cleanups OCC has conducted or is conducting in connection with the Lower Passaic River. According to the complaint, OCC has incurred or is incurring costs which include the estimated cost to complete the remedial design for the cleanup plan for the lower 8.3 miles of the Lower Passaic River. OCC is also seeking a declaratory judgment to hold the defendants liable for their proper shares of future response costs, including the remedial action for the lower 8.3 miles of the Lower Passaic River. The Company, along with 40 of the other defendants, had previously received a release from OCC of its CERCLA contribution claim of $165 million associated with the costs to design the remedy for the lower 8.3 miles of the Lower Passaic River. Furthermore, the Company’s settlements with the EPA described above could preclude certain of the claims alleged by OCC against the Company. The Company’s ultimate liability, if any, for investigatory costs, remedial costs and/or natural resource damages in connection with the Lower Passaic River area cannot be determined at this time; however, as of the date of this report, the Company has found no definitive evidence that the former Standard Tallow Corporation plant sites contributed any of the COCs to the Passaic River and, therefore, there is nothing that leads the Company to believe that this matter will have a material effect on the Company’s financial position, results of operations or cash flows.
v3.25.4
Business Segments
12 Months Ended
Jan. 03, 2026
Segment Reporting [Abstract]  
BUSINESS SEGMENTS BUSINESS SEGMENTS
In 2024, the Company adopted Accounting Standards Update (“ASU”) No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, on a retrospective basis.

The Company sells its products through a global network of over 260 locations across five continents within three industry segments: Feed Ingredients, Food Ingredients and Fuel Ingredients. The Company's segments are determined as those operations whose results are reviewed regularly by the chief operating decision maker (“CODM”), who is the Company's Chief Executive Officer, in deciding how to allocate resources and assess performance. Each segment is organized and managed based upon the nature of the Company's markets and customers and consists of similar products and services.

The following is a description of each segment's business operations:

Feed Ingredients
Feed Ingredients consists principally of (i) the Company’s U.S. ingredients business, including the Company’s fats and proteins, used cooking oil, trap grease, the Company’s Canada ingredients business, and the ingredients and specialty products businesses conducted by Darling Ingredients International under the Sonac and FASA names (proteins, fats, and blood products) and (ii) the Company’s bakery residuals business. Feed Ingredients operations process animal by-products and used cooking oil into fats, proteins and hides.
Food Ingredients
Food Ingredients consists principally of (i) the collagen business conducted by Darling Ingredients International under the Rousselot and Gelnex names, (ii) the natural casings business conducted by Darling Ingredients International under the CTH name and (iii) certain specialty products businesses conducted by Darling Ingredients International under the Sonac name.

Fuel Ingredients
The Company’s Fuel Ingredients segment consists of (i) the Company’s investment in the DGD Joint Venture and (ii) the bioenergy business conducted by Darling Ingredients International under the Ecoson and Rendac names.

The performance of the operating segments is evaluated based on segment income (loss) which includes all revenues, operating expenses and selling, general and administrative expenses incurred at all operating locations and excludes general corporate expenses. The CODM uses segment income (loss) as the measure to make resource (including financial or capital resources) allocation decisions for each segment, predominantly in the annual budget and forecasting process. The CODM considers budget-to-actual variances on a quarterly basis when evaluating performance for each segment and making decisions about capital allocation. Accounting policies have been applied consistently by all segments within the Company for all reporting periods. Intercompany revenue and expense amounts have been eliminated within each segment to report on the basis that management uses internally for evaluating segment performance. Our CODM is not provided with total assets by segment since we do not measure, evaluate the performance, or allocate capital resources on a segment basis. As a result, we have not disclosed any asset information by segment.

Business Segments (in thousands):

Feed IngredientsFood IngredientsFuel Ingredients
Corporate (a)
Total
Fiscal Year Ended January 3, 2026
Total net sales$3,990,088 $1,545,030 $600,759 $— $6,135,877 
Cost of sales and operating expenses3,066,243 1,116,978 479,198 — 4,662,419 
Gross Margin923,845 428,052 121,561 — 1,473,458 
Loss/(gain) on sale of assets879 (685)(534)— (340)
Selling, general and administrative expenses309,112 133,809 33,615 74,622 551,158 
Restructuring and asset impairment charges32,120 25,840 — — 57,960 
Depreciation and amortization348,502 117,298 36,355 6,349 508,504 
Acquisition and integration costs— — — 15,942 15,942 
Change in fair value of contingent consideration18,024 — — — 18,024 
Equity in net loss of Diamond Green Diesel— — (48,770)— (48,770)
Segment operating income/(loss)215,208 151,790 3,355 (96,913)273,440 
Equity in net income of other unconsolidated subsidiaries12,759 — — — 12,759 
Segment income/(loss)227,967 151,790 3,355 (96,913)286,199 
Total other expense (b)(225,173)
Income before income taxes$61,026 

(a)    Included in corporate activities are general corporate expenses and the amortization of intangibles. Assets of corporate activities include cash, unallocated prepaid expenses, deferred tax assets, prepaid pension, and miscellaneous other assets.

(b)    Total other expense includes interest expense, loss on early retirement of debt, foreign currency gain (loss) and other income (expense). Interest expense, loss on early retirement of debt and foreign currency gain (loss) are separately disclosed on our Statement of Operations.
Feed IngredientsFood IngredientsFuel IngredientsCorporateTotal
Fiscal Year Ended December 28, 2024
Total net sales$3,675,609 $1,489,101 $550,465 $— $5,715,175 
Cost of sales and operating expenses2,886,125 1,115,348 435,864 — 4,437,337 
Gross Margin789,484 373,753 114,601 — 1,277,838 
Gain on sale of assets(669)(1,758)(1,730)— (4,157)
Selling, general and administrative expenses279,095 119,604 32,370 61,036 492,105 
Restructuring and asset impairment charges3,671 2,123 — — 5,794 
Depreciation and amortization350,141 109,102 35,876 8,706 503,825 
Acquisition and integration costs— — — 7,842 7,842 
Change in fair value of contingent consideration(46,706)— — — (46,706)
Equity in net income of Diamond Green Diesel— — 149,082 — 149,082 
Segment operating income/(loss)203,952 144,682 197,167 (77,584)468,217 
Equity in net income of other unconsolidated subsidiaries11,994 — — — 11,994 
Segment income/(loss)215,946 144,682 197,167 (77,584)480,211 
Total other expense (c)(232,703)
Income before income taxes$247,508 

(c)    Total other expense includes interest expense, foreign currency gain (loss) and other income (expense). Interest expense and foreign currency gain (loss) are separately disclosed on our Statement of Operations.

Feed IngredientsFood IngredientsFuel IngredientsCorporateTotal
Fiscal Year Ended December 30, 2023
Total net sales$4,472,592 $1,752,065 $563,423 $— $6,788,080 
Cost of sales and operating expenses3,385,859 1,310,581 446,620 — 5,143,060 
Gross Margin1,086,733 441,484 116,803 — 1,645,020 
Loss/(gain) on sale of assets814 (8,144)(91)— (7,421)
Selling, general and administrative expenses310,363 128,464 23,543 80,164 542,534 
Restructuring and asset impairment charges4,026 14,527 — — 18,553 
Depreciation and amortization360,249 94,991 34,466 12,309 502,015 
Acquisition and integration costs— — — 13,884 13,884 
Change in fair value of contingent consideration(7,891)— — — (7,891)
Equity in net income of Diamond Green Diesel— — 366,380 — 366,380 
Segment operating income/(loss)419,172 211,646 425,265 (106,357)949,726 
Equity in net income of other unconsolidated subsidiaries5,011 — — — 5,011 
Segment income/(loss)424,183 211,646 425,265 (106,357)954,737 
Total other expense (d)(234,780)
Income before income taxes$719,957 
 
(d)    Total other expense includes interest expense, foreign currency gain (loss) and other income (expense). Interest expense and foreign currency gain (loss) are separately disclosed on our Statement of Operations.

Long-lived assets related to the Company’s operations by geography were as follows (in thousands):
        
January 3, 2026December 28, 2024
Long-Lived AssetsLong-Lived Assets
North America$5,345,444 $5,518,153 
Europe1,429,431 1,344,033 
China119,926 115,152 
South America1,831,571 1,636,246 
Other19,044 17,453 
Total$8,745,416 $8,631,037 
v3.25.4
Revenue (Notes)
12 Months Ended
Jan. 03, 2026
Revenue from Contract with Customer [Abstract]  
Revenue REVENUE
The Company extends payment terms to its customers based on commercially acceptable practices. The term between invoicing and payment due date is not significant. Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring finished products or performing services, which is generally based on executed agreement or purchase order.

Most of the Company’s products are shipped based on the customer specifications. Customer returns are infrequent and not material to the Company. Adjustments to net sales for sales deductions are generally recognized in the same period as the sale or when known. Customers in certain industries or countries may be required to prepay prior to shipment in order to maintain payment protection. These represent short-term prepayment from customers and are not material to the Company. The Company elected to treat shipping and handling as fulfillment costs. Sales, value-add, and other taxes collected concurrently with revenue-producing activities are excluded from revenue and booked on a net basis.

The following tables present the Company revenues disaggregated by geographic area and major product types by reportable segment for the years ended January 3, 2026, December 28, 2024 and December 30, 2023 (in thousands):

Year Ended January 3, 2026
Feed IngredientsFood IngredientsFuel IngredientsTotal
Geographic Area
North America$3,039,422 $416,203 $— $3,455,625 
Europe457,336 728,393 600,759 1,786,488 
China32,899 228,534 — 261,433 
South America445,132 125,759 — 570,891 
Other15,299 46,141 — 61,440 
Total net sales$3,990,088 $1,545,030 $600,759 $6,135,877 
Major product types
Fats$1,596,050 $183,545 $— $1,779,595 
Used cooking oil445,494 — — 445,494 
Proteins1,409,395 — — 1,409,395 
Bakery195,444 — — 195,444 
Other rendering295,700 — — 295,700 
Food ingredients— 1,253,900 — 1,253,900 
Bioenergy— — 600,759 600,759 
Other48,005 107,585 — 155,590 
Total net sales$3,990,088 $1,545,030 $600,759 $6,135,877 
Year Ended December 28, 2024
Feed IngredientsFood IngredientsFuel IngredientsTotal
Geographic Area
North America$2,847,178 $402,693 $— $3,249,871 
Europe414,839 661,756 550,465 1,627,060 
China28,409 238,059 — 266,468 
South America369,759 134,757 — 504,516 
Other15,424 51,836 — 67,260 
Total net sales$3,675,609 $1,489,101 $550,465 $5,715,175 
Major product types
Fats$1,303,828 $160,184 $— $1,464,012 
Used cooking oil351,309 — — 351,309 
Proteins1,484,581 — — 1,484,581 
Bakery190,462 — — 190,462 
Other rendering293,648 — — 293,648 
Food ingredients— 1,232,521 — 1,232,521 
Bioenergy— — 550,465 550,465 
Other51,781 96,396 — 148,177 
Total net sales$3,675,609 $1,489,101 $550,465 $5,715,175 

Year Ended December 30, 2023
Feed IngredientsFood IngredientsFuel IngredientsTotal
Geographic Area
North America$3,696,423 $469,289 $— $4,165,712 
Europe373,180 754,846 563,423 1,691,449 
China27,433 281,139 — 308,572 
South America362,657 171,425 — 534,082 
Other12,899 75,366 — 88,265 
Total net sales$4,472,592 $1,752,065 $563,423 $6,788,080 
Major product types
Fats$1,739,349 $164,730 $— $1,904,079 
Used cooking oil497,657 — — 497,657 
Proteins1,672,027 — — 1,672,027 
Bakery255,214 — — 255,214 
Other rendering243,525 — — 243,525 
Food ingredients— 1,476,875 — 1,476,875 
Bioenergy— — 563,423 563,423 
Other64,820 110,460 — 175,280 
Total net sales$4,472,592 $1,752,065 $563,423 $6,788,080 

Revenue from Contracts with Customers

The Company has two primary revenue streams. Finished product revenues are recognized when control of the promised finished product is transferred to the Company’s customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for the finished product. Service revenues are recognized in net sales when the service occurs.

Fats. Fats include the Company’s global activities related to the collection and processing of beef, poultry and pork animal by-products into finished products of non-food grade oils and food grade fats. Fats net sales are recognized when the Company ships the finished product to the customer and control has been transferred.

Proteins. Proteins include the Company’s global activities related to the collection and processing of beef, poultry and pork animal by-products into finished products of protein meal. Proteins net sales are recognized when the Company ships the finished product to the customer and control has been transferred.
Used Cooking Oil. Used cooking oil includes collection and processing of used cooking oil into finished products of non-food grade fats. Used cooking oil net sales are recognized when the Company ships the finished product to the customer and control has been transferred.

Bakery. Bakery includes collection and processing of bakery residuals into finished product including Cookie Meal®, an animal feed ingredient primarily used in poultry and swine rations. Bakery net sales are recognized when the Company ships the finished product to the customer and control has been transferred.

Other Rendering. Other rendering includes hides, pet food products, and service charges. Hides and pet food net sales are recognized when the Company ships the finished product to the customer and control has been transferred. Service revenues are recognized in net sales when the service has occurred.

Food Ingredients. Food ingredients includes collection and processing of pigskin, hide, bone and fish into finished product. It also includes harvesting, sorting and selling of hog and sheep casings as well as harvesting, purchasing and processing of hog, sheep and beef meat for pet food industry. Collagen and CTH meat and casings net sales are recognized when the Company ships the finished product to the customer and control has been transferred.

Bioenergy. Bioenergy includes Ecoson, which converts organic sludge and food waste into biogas and Rendac, which collects fallen stock and animal waste for a fee and processes these materials into fats and meals that can only be used as low grade energy or fuel for boilers and cement kilns. Net sales are recognized when the finished product is shipped to the customer and control has been transferred. Service revenues are recognized in net sales when the service has occurred.

Other. Other includes grease trap collection and environmental services to food processors in the Feed Ingredients segment and Sonac Bone and Sonac Heparin in the Food Ingredients segment. Net sales are recognized when the Company ships the finished product to the customer and control has been transferred. Service revenues are recognized in net sales when the service has occurred.

Long-Term Performance Obligations. The Company from time to time enters into long-term contracts to supply certain volumes of finished products to certain customers. Revenue recognized in fiscal 2025, 2024 and 2023 under these long-term supply contracts was approximately $143.6 million, $156.3 million, and $171.1 million, respectively, with the remaining performance obligations to be recognized in future periods (generally 2 years) of approximately $579.1 million.
v3.25.4
Related Party Transactions
12 Months Ended
Jan. 03, 2026
Related Party Transactions [Abstract]  
Related Party Transactions Disclosure [Text Block] RELATED PARTY TRANSACTIONS
Raw Material Agreement

The Company entered into a Raw Material Agreement with the DGD Joint Venture in May 2011 pursuant to which the Company will offer to supply certain animal fats and used cooking oil at market prices, but the DGD Joint Venture is not obligated to purchase the raw material offered by the Company. Additionally, the Company may offer other feedstocks to the DGD Joint Venture, such as inedible corn oil, purchased on a resale basis. For the years ended January 3, 2026, December 28, 2024 and December 30, 2023, the Company has recorded sales to the DGD Joint Venture of approximately $1.2 billion, $1.0 billion and $1.3 billion, respectively. At January 3, 2026 and December 28, 2024, the Company has approximately $33.7 million and $9.5 million in outstanding receivables due from the DGD Joint Venture, respectively. In addition, the Company has eliminated additional sales of approximately $51.6 million, $50.5 million and $79.4 million for the years ended January 3, 2026, December 28, 2024 and December 30, 2023, respectively to the DGD Joint Venture and deferred the Company’s portion of profit on those sales relating to inventory assets still remaining on the DGD Joint Venture's balance sheet at January 3, 2026, December 28, 2024 and December 30, 2023 of approximately $13.6 million, $3.7 million and $16.1 million, respectively.

Revolving Loan Agreement

On May 1, 2019, Darling through its wholly owned subsidiary Darling Green Energy LLC, (“Darling Green”), and Diamond Alternative Energy, LLC, a wholly owned subsidiary of Valero (“Diamond Alternative” and together with Darling Green, the “DGD Lenders”) entered into a revolving loan agreement (the “2019 DGD Loan Agreement”) with the DGD Joint Venture, pursuant to which the DGD Lenders committed to making loans
available to the DGD Joint Venture in the amount of $50.0 million with each lender committed to $25.0 million of the total commitment. Any borrowings by the DGD Joint Venture under the 2019 DGD Loan Agreement were at the applicable annum rate equal to the sum of (a) the LIBO Rate (meaning Reuters BBA Libor Rates Page 3750) on such day plus (b) 2.50%. On June 15, 2023, the DGD Lenders entered into a new revolving loan agreement (the “2023 DGD Loan Agreement”) with the DGD Joint Venture that replaced and superseded in its entirety the 2019 DGD Loan Agreement and pursuant to which the DGD Lenders have committed to making loans available to the DGD Joint Venture in the total amount of $200.0 million with each lender committed to $100.0 million of the total commitment. Any borrowings by the DGD Joint Venture under the 2023 DGD Loan Agreement are at the applicable annum rate equal to the sum of (a) Term SOFR on such day plus (b) 2.50%. The 2023 DGD Loan Agreement expires on June 15, 2026. In December 2022, the DGD Joint Venture borrowed all $50.0 million available under the 2019 DGD Loan Agreement, including the Company’s full $25.0 million commitment, which was repaid in fiscal 2023. In January 2024, the DGD Joint Venture borrowed all $200.0 million available under the 2023 DGD Loan Agreement, including the Company’s full $100.0 million commitment, which was repaid in March 2024. In November 2025, The DGD Joint Venture borrowed $50.0 million or $25.0 million of the Company's portion of the commitment, which was repaid in December 2025. The DGD Joint Venture paid interest to the Company for the years ended January 3, 2026, December 28, 2024 and December 30, 2023 of approximately $0.1 million, $1.6 million and $0.6 million, respectively. As of January 3, 2026 and December 28, 2024, zero was owed to Darling Green under the 2023 DGD Loan Agreement. This note receivable amount when outstanding is included in other current assets on the balance sheet and is included in investing activities on the cash flow statement.

Guarantee Agreements

In February 2020, in connection with the DGD Joint Venture’s expansion project at its St. Charles plant, the Company entered into two agreements (the “IMTT Terminaling Agreements”) with International-Matex Tank Terminals (“IMTT”), pursuant to which the DGD Joint Venture will move raw material and finished product to and from the IMTT terminal facility by pipeline, thereby providing better logistical capabilities.  As a condition to entering into the IMTT Terminaling Agreements, IMTT required that the Company and Valero guarantee their proportionate share, up to $50 million each, of the DGD Joint Venture’s obligations under the IMTT Terminaling Agreements (the “Guarantee”), subject to the conditions provided for in the IMTT Terminaling Agreements. The Company has not recorded any liability as a result of the guarantee, as the Company believes the likelihood of having to make any payments under the guarantee is remote.

In April 2021, in connection with the DGD Joint Venture’s expansion project at its Port Arthur plant, the Company entered into two agreements (the “GTL Terminaling Agreements”) with GT Logistics, LLC (“GTL”), pursuant to which the DGD Joint Venture will move raw material and finished product to and from the GTL terminal facility by pipeline, thereby providing better logistical capabilities. As a condition to entering into the GTL Terminaling Agreements, GLT required that the Company and Valero guarantee their proportionate share, up to a maximum of approximately $160 million each, of the DGD Joint Venture’s obligations under the GTL Terminaling Agreements (the “GTL Guarantee”), subject to the conditions provided for in the GTL Terminaling Agreements. The maximum amount of the GTL Guarantee is reduced over the 20-year initial term of the GTL Terminaling Agreements as the termination fee under such agreements declines. The Company has not recorded any liability as a result of the GTL Guarantee, as the Company believes the likelihood of having to make any payments under the GTL Guarantee is remote.
v3.25.4
Cash Flow Information
12 Months Ended
Jan. 03, 2026
Nonmonetary Transactions [Abstract]  
Cash Flow Information CASH FLOW INFORMATION
The following table sets forth supplemental cash flow information and non-cash transactions (in thousands):
Twelve Months Ended
January 3, 2026December 28, 2024December 30, 2023
Supplemental disclosure of cash flow information:   
Change in accrued capital expenditures$19,886 $(19,167)$2,222 
Cash paid during the year for:   
Interest, net of capitalized interest$202,957 $243,679 $261,321 
Non-cash operating activities
          Operating lease right of use asset obtained in exchange for new lease liabilities$82,492 $73,118 $79,462 
Non-cash financing activities
Debt issued for assets$157 $362 $3,827 

The following table is a reconciliation of income tax payments made, net of refunds by the Company’s taxing jurisdictions for the fiscal year ended January 3, 2026.

Twelve Months Ended
January 3, 2026
Income tax payments (net of refunds):
United States
U.S. - Federal$(10,421)
U.S. - State and local(344)
Foreign
Belgium8,872 
Brazil38,716 
Canada - Federal7,950 
Canada - Ontario4,009 
China9,987 
Netherlands(9,820)
Poland2,989 
Other6,487 
Total foreign69,190 
Total U.S. and foreign$58,425 
Cash payments made for income taxes, net of refunds for the years ended December 28, 2024 and December 30, 2023 was approximately $102.7 million and $152.7 million, respectively.
v3.25.4
New Accounting Pronoucements
12 Months Ended
Jan. 03, 2026
New Accounting Pronoucements [Abstract]  
NEW ACCOUNTING PRONOUNCEMENTS NEW ACCOUNTING PRONOUNCEMENTS
In November 2024, the FASB issued ASU No. 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40), which requires entities to disaggregate any relevant expense caption presented on the face of the income statement within continuing operations or in the footnotes. This ASU is effective for fiscal years beginning after December 15, 2026, and interim periods beginning after December 15, 2027. Adoption is either with a prospective method or a fully retrospective method of transition. Early adoption is permitted. The Company is currently evaluating this ASU to determine its impact on the Company’s disclosure, but does not expect this update to have a material impact on the Company’s consolidated financial statements other than additional information that will be provided in the footnote disclosure.

In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740) Improvements to Income Tax Disclosures. The ASU requires the annual financial statements to include consistent categories and greater disaggregation of information in the rate reconciliation, and income taxes paid disaggregated by jurisdiction. ASU 2023-09 is effective for the Company's annual reporting periods beginning after December 15, 2024. Adoption is either with a prospective method or a fully retrospective method of transition. Early adoption is permitted. The Company adopted this ASU in 2025 using the prospective method and the adoption did not have an impact on the Company’s consolidated financial statements other than additional information that is provided in the footnote disclosure.
v3.25.4
Insider Trading Arrangements
12 Months Ended
Jan. 03, 2026
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
v3.25.4
Insider Trading Policies and Procedures
12 Months Ended
Jan. 03, 2026
Insider Trading Policies and Procedures [Line Items]  
Insider Trading Policies and Procedures Adopted true
v3.25.4
Cybersecurity Risk Management and Strategy Disclosure
12 Months Ended
Jan. 03, 2026
Cybersecurity Risk Management, Strategy, and Governance [Line Items]  
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]
The Company takes an active, multi-faceted approach to cybersecurity, including adversarial engagement, under an “assume breach” philosophy premised on the continuous and ever-evolving nature of cyber threats and threat actors. The Company utilizes a cross-functional working group comprised of a Cybersecurity Department, which is responsible for overseeing cybersecurity for the Company’s information systems; and plant operational technology (OT) personnel who are responsible for the security of plant OT. This group works in a cross-functional context due to the interconnectivity of these systems, as well as to collaborate about cybersecurity matters. The Company’s Cybersecurity Department is headed by the Director of Global Cybersecurity, who reports to the Company’s Chief Information Officer, and includes personnel located around the world who have cybersecurity training and skills in engineering, architecture, surveillance, analytics and administration. The Cybersecurity Department is responsible for setting the Company’s cybersecurity policies, standards and benchmarks for its information systems, penetration testing and overseeing repairs of technical elements that fail testing. The Cybersecurity Department also conducts threat hunting within the Company’s information systems and responds to threats. The Cybersecurity Department has implemented AI tools to monitor Company information systems to identify potential
cybersecurity threats. The Cybersecurity Department also engages certain third-party specialists to periodically review the Company’s information systems and cybersecurity defenses, as well as to provide education about current and emerging threats, techniques and countermeasures. The Cybersecurity Department has also conducted cyber-attack simulation exercises with Company executive management and other leadership personnel for cyber-attack readiness. The Company’s Director of Global Cybersecurity and Chief Information Officer also collaborate with our joint venture partner concerning cybersecurity matters for the DGD Joint Venture.

The Cybersecurity Department uses a system based on the critical security controls set forth by the Center for Internet Security, Inc. (CIS) as a benchmark and framework for its cybersecurity defenses, and has implemented cybersecurity policies and controls designed using the CIS controls framework. The Cybersecurity Department regularly implements updates and changes to its cybersecurity program to remain current and adapt to emerging cybersecurity risks; audits the cybersecurity program typically every three years; conducts targeted vulnerability testing; and assigns pertinent Company personnel as owners for governance and compliance. The Cybersecurity Department also provides cybersecurity training to Company employees.

The Company’s Chief Financial Officer oversees a corporate risk analysis that organizes the Company’s enterprise risks, including cybersecurity, into categories to assess the potential likelihood and impact of each, and to review quarterly with the board of directors.

The Company also has an internal Cybersecurity Committee comprised of leadership across multiple internal functions that meets regularly to review, with the Director of Global Cybersecurity and the Chief Information Officer, active and thwarted cybersecurity incidents, systemic threats, attack trends and techniques, counter and preventative measures and defenses being implemented to enhance security. The meetings are also conducted for: ongoing awareness among Company leadership about cybersecurity threats and incidents; discussion of strategies for continuous improvement and associated capital needs; and review of oversight, governance and reporting of cybersecurity matters.

The Cybersecurity Department outsources several cybersecurity defense measures to utilize the know-how and tools, including AI, of industry leading companies. The Cybersecurity Department also proactively consults with specialists in a variety of cybersecurity disciplines to review the Company’s information systems for cyber risks and to provide advice for remediating areas of concern, as well as for implementing preventative measures to improve the Company’s defenses.

The Company implements cybersecurity policies and controls within acquired entities as part of its integration process over time, typically in a phased approach, and with time periods for full execution varying depending on multiple factors, including the size and geographic scope of the acquired entity’s operations; the status of the acquired entity’s security including security systems, tools and personnel; security risks within the acquired entity; and the availability and quality of any interim defenses which can be implemented to protect both the Company and the acquired entity or to prevent threats at the acquired entity from reaching the Company’s systems. Cybersecurity is also part of the Company’s acquisition due diligence to identify risks and interim remedial measures for prioritization and implementation near transaction closing, subject to antitrust rules.

In addition to the Company’s active monitoring of certain critical third parties for cybersecurity threats and attacks, the Company also has certain critical third parties who access its information systems subject to controls designed to mitigate risks from cyber-attacks originating within infected third-party information systems. Moreover, the Company conducts diligence of certain of its third-party service providers with attention to cybersecurity risks.

As of the date of this report, we have not identified any risks from cybersecurity threats, including those from any previous cybersecurity incidents, that have materially affected us, our business strategy, results of operation or financial condition. However, there can be no assurances that a cybersecurity threat or incident that could have a material impact on us has not occurred or will not occur in the future. For additional information on risks from cybersecurity threats, please see Item 1A Risk Factors.
Cybersecurity Risk Management Processes Integrated [Flag] true
Cybersecurity Risk Management Processes Integrated [Text Block] The Company takes an active, multi-faceted approach to cybersecurity, including adversarial engagement, under an “assume breach” philosophy premised on the continuous and ever-evolving nature of cyber threats and threat actors. The Company utilizes a cross-functional working group comprised of a Cybersecurity Department, which is responsible for overseeing cybersecurity for the Company’s information systems; and plant operational technology (OT) personnel who are responsible for the security of plant OT.
Cybersecurity Risk Management Third Party Engaged [Flag] true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag] true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag] false
Cybersecurity Risk Board of Directors Oversight [Text Block]
The Director of Global Cybersecurity and the Chief Information Officer, in coordination with the Cybersecurity Department and other appropriate personnel, are responsible for assessing and managing the Company’s material risks from cybersecurity threats. Our Director of Global Cybersecurity has served in various roles in information technology and information security for over 25 years, has been in the current role with the Company for more than 10 years, and has been trained and accredited in multiple cybersecurity subjects including training with governmental agencies. Our Chief Information Officer has served in various roles in information technology and information security for over 25 years, has been in the current
role with the Company for more than 10 years, and holds a Master of Business Administration degree with a concentration in information systems management.

The Company regularly confronts cyber risks, threats and incidents, any one of which could have a material impact on the Company, including its business strategy, results of operations or its financial condition. If the Company experiences a cybersecurity incident requiring a response, it has a Computer Incident Response Plan, which defines response protocols, resource allocations and personnel engagement depending on severity level. Executive leadership, including the CEO, would be engaged in the event of an incident at certain severity levels and the CEO would engage members of the Company’s board of directors as appropriate. The Cybersecurity Department would also utilize third-party experts and consultants it has on retainer, depending on the nature of the incident.

The Company’s board of directors actively engages with senior management to understand and oversee the Company’s various risks, including cybersecurity, and members of senior management regularly attend board meetings to provide periodic briefings or presentations on such risk matters. The Company provides presentations to its board of directors about cybersecurity matters, including review of cyber threats, incidents, trends and risks facing the Company; the Company’s defenses against cyber-attacks including personnel, software, hardware and third-party tools and expertise; and the Company’s governance, including policies, standards, benchmarks and auditing and testing, as well as remedial, preventative and proactive measures to repair or enhance the Company’s cybersecurity defenses. Board engagement in these matters includes dialogue and questions, board member insights and perspectives from their industry experience and subject matter expertise and strategic suggestions and considerations for Company management to evaluate, all as part of the board’s oversight of Company cybersecurity risks. The Company’s Chief Information Officer and Director of Global Cybersecurity are also available to board members to discuss questions concerning cybersecurity matters.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block] The Director of Global Cybersecurity and the Chief Information Officer, in coordination with the Cybersecurity Department and other appropriate personnel, are responsible for assessing and managing the Company’s material risks from cybersecurity threats.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block] If the Company experiences a cybersecurity incident requiring a response, it has a Computer Incident Response Plan, which defines response protocols, resource allocations and personnel engagement depending on severity level. Executive leadership, including the CEO, would be engaged in the event of an incident at certain severity levels and the CEO would engage members of the Company’s board of directors as appropriate. The Cybersecurity Department would also utilize third-party experts and consultants it has on retainer, depending on the nature of the incident.
Cybersecurity Risk Role of Management [Text Block]
The Director of Global Cybersecurity and the Chief Information Officer, in coordination with the Cybersecurity Department and other appropriate personnel, are responsible for assessing and managing the Company’s material risks from cybersecurity threats. Our Director of Global Cybersecurity has served in various roles in information technology and information security for over 25 years, has been in the current role with the Company for more than 10 years, and has been trained and accredited in multiple cybersecurity subjects including training with governmental agencies. Our Chief Information Officer has served in various roles in information technology and information security for over 25 years, has been in the current
role with the Company for more than 10 years, and holds a Master of Business Administration degree with a concentration in information systems management.

The Company regularly confronts cyber risks, threats and incidents, any one of which could have a material impact on the Company, including its business strategy, results of operations or its financial condition. If the Company experiences a cybersecurity incident requiring a response, it has a Computer Incident Response Plan, which defines response protocols, resource allocations and personnel engagement depending on severity level. Executive leadership, including the CEO, would be engaged in the event of an incident at certain severity levels and the CEO would engage members of the Company’s board of directors as appropriate. The Cybersecurity Department would also utilize third-party experts and consultants it has on retainer, depending on the nature of the incident.

The Company’s board of directors actively engages with senior management to understand and oversee the Company’s various risks, including cybersecurity, and members of senior management regularly attend board meetings to provide periodic briefings or presentations on such risk matters. The Company provides presentations to its board of directors about cybersecurity matters, including review of cyber threats, incidents, trends and risks facing the Company; the Company’s defenses against cyber-attacks including personnel, software, hardware and third-party tools and expertise; and the Company’s governance, including policies, standards, benchmarks and auditing and testing, as well as remedial, preventative and proactive measures to repair or enhance the Company’s cybersecurity defenses. Board engagement in these matters includes dialogue and questions, board member insights and perspectives from their industry experience and subject matter expertise and strategic suggestions and considerations for Company management to evaluate, all as part of the board’s oversight of Company cybersecurity risks. The Company’s Chief Information Officer and Director of Global Cybersecurity are also available to board members to discuss questions concerning cybersecurity matters.
Cybersecurity Risk Management Positions or Committees Responsible [Flag] true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block] The Director of Global Cybersecurity and the Chief Information Officer, in coordination with the Cybersecurity Department and other appropriate personnel, are responsible for assessing and managing the Company’s material risks from cybersecurity threats.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block] Our Director of Global Cybersecurity has served in various roles in information technology and information security for over 25 years, has been in the current role with the Company for more than 10 years, and has been trained and accredited in multiple cybersecurity subjects including training with governmental agencies. Our Chief Information Officer has served in various roles in information technology and information security for over 25 years, has been in the current role with the Company for more than 10 years, and holds a Master of Business Administration degree with a concentration in information systems management.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block] The Company regularly confronts cyber risks, threats and incidents, any one of which could have a material impact on the Company, including its business strategy, results of operations or its financial condition. If the Company experiences a cybersecurity incident requiring a response, it has a Computer Incident Response Plan, which defines response protocols, resource allocations and personnel engagement depending on severity level. Executive leadership, including the CEO, would be engaged in the event of an incident at certain severity levels and the CEO would engage members of the Company’s board of directors as appropriate. The Cybersecurity Department would also utilize third-party experts and consultants it has on retainer, depending on the nature of the incident.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag] true
v3.25.4
General (Summary of Significant Accounting Policies) (Policies)
12 Months Ended
Jan. 03, 2026
General [Abstract]  
Basis of Presentation Basis of Presentation
The consolidated financial statements include the accounts of Darling and its consolidated subsidiaries. Noncontrolling interests represent the outstanding ownership interest in the Company’s consolidated subsidiaries that are not owned by the Company. In the accompanying Consolidated Statements of Operations, the noncontrolling interest in net income of the consolidated subsidiaries is shown as an allocation of the Company’s net income and is presented separately as “Net income attributable to noncontrolling interests”. In the Company’s Consolidated Balance Sheets, noncontrolling interests represents the ownership interests in the Company consolidated subsidiaries' net assets held by parties other than the Company. These ownership interests are presented separately as “Noncontrolling interests” within “Stockholders’ Equity.” All intercompany balances and transactions have been eliminated in consolidation.
Business Combination Business Combinations
The Company accounts for its business combinations using the acquisition method of accounting when the activities acquired have been determined to be a business. The consideration transferred in a business combination is measured at fair value, which is determined as the sum of the acquisition-date fair values of the assets transferred, liabilities incurred by the Company and any equity interests issued by the Company. The consideration transferred is allocated to the tangible and intangible assets acquired and liabilities assumed at their estimated fair value on the acquisition date. The excess of fair value is recorded as goodwill. The results of businesses acquired in a business combination are included in our consolidated financial statements from the date of acquisition. Acquisition costs are expensed as incurred.

Determining the fair value of assets acquired and liabilities assumed requires management to use significant judgment and estimates. Depending on the acquisition size, the Company determines the fair values using the assistance of a valuation expert who assists the Company primarily using the cost, market and income approaches and using estimates of future revenue and cash flows, raw material and sales volumes, discount rates and the selection of comparable companies. The Company’s estimates of fair value are based upon assumptions believed to be reasonable, but which are inherently uncertain and unpredictable and, as a result, actual results may differ from estimates. During the measurement period, not to exceed one year from the date of the acquisition, the Company may record adjustments to the assets acquired and liabilities assumed, with a corresponding offset to goodwill if new information is obtained related to facts and circumstances that existed as of the acquisition date. After the measurement period, any subsequent adjustments are reflected in the Consolidated Statement of Operations.
Fiscal Year Fiscal Year 
The Company has a 52/53 week fiscal year ending on the Saturday nearest December 31.  Fiscal years for the consolidated financial statements included herein are for the 53 weeks ended January 3, 2026, the 52 weeks ended December 28, 2024, and the 52 weeks ended December 30, 2023.
Cash and Cash Equivalents Cash and Cash Equivalents
The Company considers all short-term highly liquid instruments, with an original maturity of three months or less, to be cash equivalents. Cash balances are recorded net of book overdrafts when a bank right-of-offset exists. All other book overdrafts are recorded in accounts payable and the change in the related balance is reflected in operating activities on the Consolidated Statements of Cash Flows. In addition, the Company has bank overdrafts, which are considered a form of short-term financing with changes in the related balance reflected in financing activities in the Consolidated Statements of Cash Flows. Restricted cash shown on the Consolidated Balance Sheet as of January 3, 2026 and December 28, 2024, primarily represents the current portion of acquisition consideration hold-back amounts that are part of the purchase price set aside in escrow in the Company’s name for possible indemnification claims by the Company, which amounts will be paid to the sellers in the future if no claims arise. Restricted cash included in other assets as of January 3, 2026 and December 28, 2024, primarily represents the long-term acquisition consideration hold-back amounts that are part of the purchase price set aside in escrow in the Company’s name for possible indemnification claims by the Company, which amounts will be paid to the sellers in the future if no claims arise. A reconciliation of cash, cash equivalents, and restricted cash reported within the Consolidated Balance Sheets that sum to the total of same such amounts shown in the Consolidated Statements of Cash flows is as follows (in thousands):

January 3, 2026December 28, 2024
Cash and cash equivalents$88,671 $75,973 
Restricted cash16,686 37,579 
Restricted cash included in other long-term assets98,181 103,755 
Total cash, cash equivalents and restricted cash shown in the statement of cash flows$203,538 $217,307 
Accounts Receivable and Allowance for Doubtful Accounts Accounts Receivable and Allowance for Credit LossesThe Company maintains allowances for credit losses for estimated losses resulting from customers’ non-payment of trade accounts receivable owed to the Company.  These trade receivables arise in the ordinary course of business from sales of raw material, finished product or services to the Company’s customers.  The estimate of allowance for doubtful accounts is based upon the Company’s bad debt experience adjusted for differences in asset-specific risk characteristic, current economic conditions and forecast of future economic conditions. If the financial condition of the Company’s customers deteriorates, resulting in the customers’ inability to pay the Company’s receivables as they come due, additional allowances for credit losses may be required.
Inventories Inventories
Inventories are stated at the lower of cost or net realizable value.  Cost is primarily determined using the first-in, first-out (FIFO) method for the Feed Ingredients and Fuel Ingredients segments. In the Food Ingredients segment cost is primarily determined based on the weighted average cost.
Long Lived Assets Long Lived Assets
Property, Plant and Equipment
 
Property, plant and equipment are recorded at cost.  Depreciation is computed by the straight-line method over the estimated useful lives of assets: 1) Buildings and improvements, 15 to 30 years; 2) Machinery and equipment, 3 to 10 years; 3) Vehicles, 3 to 8 years; and 4) Aircraft, 7 to 10 years.
         
Maintenance and repairs are charged to expense as incurred, and expenditures for major renewals and improvements are capitalized.

        Intangible Assets
 
Intangible assets with indefinite lives, and therefore, not subject to amortization, consist of trade names acquired in the acquisition of Griffin Industries Inc. on December 17, 2010 (which was subsequently converted to a limited liability company) and its subsidiaries (“Griffin”) and trade names acquired in the acquisition of its Darling Ingredients International business on January 7, 2014. Intangible assets subject to amortization consist of: 1) collection routes which are made up of groups of suppliers of raw materials in similar geographic areas from which the Company derives collection fees and a dependable source of raw materials for processing into finished products; 2) customer relationships representing groups of collagen finished product customers in our food segment; 3) permits that represent licensing of operating plants that have been acquired, giving those plants the ability to operate; 4) non-compete agreements that represent contractual arrangements with former competitors whose businesses were acquired; 5) trade names; and 6) royalty, product development, patents, consulting, land use rights and leasehold agreements.  Amortization expense is calculated using the straight-line method over the estimated useful lives of the assets ranging from: 5 to 21 years for collection routes; 10 to 20 years for customer relationships; 10 to 20 years for permits; and 4 to 15 years for trade names. Royalties, product development, patents, consulting, land use rights, non-compete agreements and leasehold agreements are generally amortized over the term of the agreement.
Impairment of Long-Lived Assets and Long-Lived Assets to Be Disposed of Impairment of Long-Lived Assets and Long-Lived Assets to be Disposed ofThe Company reviews the carrying value of long-lived assets for impairment when events or changes in circumstances indicate that the carrying amount of an asset, or related asset group, may not be recoverable from estimated future undiscounted cash flows.  Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset or asset group to estimated undiscounted future cash flows expected to be generated by the asset or asset group.  If the carrying amount of the asset or asset group exceeds its estimated future cash flows, an impairment charge is recognized by the amount for which the carrying amount of the asset exceeds the fair value of the asset.
Goodwill Goodwill and Indefinite Lived Intangible AssetsGoodwill and indefinite lived intangible assets are tested annually or more frequently if events or changes in circumstances indicate that the asset might be impaired.  When assessing the recoverability of goodwill and other indefinite lived intangible assets, the Company may first assess qualitative factors in determining whether it is more likely than not that the fair value of a reporting unit, including goodwill, or other indefinite lived intangible assets are less than its carrying amount. The qualitative evaluation is an assessment of multiple factors, including the current operating environment, financial performance and market considerations. The Company may elect to bypass this qualitative assessment for some or all of its reporting units or other indefinite lived intangible assets and perform a quantitative test, based on management's judgment. If the Company chooses to bypass the qualitative assessment, it performs the quantitative approach to impairment testing by comparing the fair value of the Company’s reporting units to their respective carrying amounts and records an impairment charge for the amount by which the carrying amounts exceeds the fair value; however, the loss recognized, if any, will not exceed the total amount of goodwill allocated to that reporting unit. In fiscal 2025 and 2024, the Company performed a quantitative approach to valuing goodwill and indefinite-lived intangible assets at October 25, 2025 and October 26, 2024, respectively. Based on the Company’s annual impairment testing, we concluded the fair values of the Company’s reporting units containing goodwill and indefinite lived intangible assets exceeded the related carrying values.
Leases
The Company accounts for leases in accordance with Accounting Standard Codification (“ASC”) Topic 842, Leases. The Company determines if an arrangement is a lease at inception for which the Company recognizes the right-of-use (“ROU”) asset and a lease liability at the lease commencement date. For operating leases, the lease liability is initially measured at the present value of the unpaid lease payments at the lease commencement date. The lease liability is subsequently measured at amortized cost using the effective interest method. In determining the lease liability, the Company applies a discount rate to the minimum lease payments within each lease. ASC 842 requires the Company to use the rate of interest that a lessee would have to pay to borrow on a collateralized basis over a similar term an amount equal to the lease payments in a similar economic environment. To estimate the Company’s incremental borrowing rate over various terms, a comparable market yield curve consistent with the Company’s credit quality is determined. The lease term for all of the Company’s leases include the non-cancellable period of the lease plus any additional periods covered by either a Company option to extend the lease that the Company is reasonably certain to exercise or when a triggering event occurs. The Company has elected to not recognize a ROU asset and lease liability with an initial term of 12 months or less at lease commencement. Operating leases are included on the Company’s balance sheet as a ROU asset, current operating lease liabilities and long-term operating lease liabilities. For finance leases, the lease liability is initially measured in the same manner and date as for the operating leases, and is subsequently measured at amortized cost using the effective interest method. Finance leases are included in property, plant and equipment, current portion of long-term debt and long-term debt, net of current portion, but are not significant to the Company.

The ROU asset is initially measured at cost, which comprises the initial amount of the lease liability adjusted for lease payments made at or before the lease commencement date, plus any direct costs incurred less any lease incentives received. For operating leases, the ROU asset is subsequently measured throughout the lease term at the carrying amount of the lease liability, plus initial direct costs, plus (minus) any prepaid (accrued) lease payments, less the unamortized balance of the lease incentives received. Some leases contain rent escalation clauses (including index-based escalations), initially measured using the index at the lease commencement date. The Company recognizes minimum rental expense on a straight-line basis based on the fixed components of the lease arrangement.

The Company uses the long-lived assets impairment guidance in ASC subtopic 360-10, Property, Plant and Equipment - Overall, to determine whether the ROU asset is impaired, and if so, the amount of the impairment loss to recognize.

The Company monitors for events or changes in circumstances that require a reassessment of one of its leases. When a reassessment results in the remeasurement of a lease liability, a corresponding adjustment is made to the carrying amount of the corresponding ROU asset unless doing so would reduce the carrying amount of the ROU asset to an amount less than zero. In that case, the amount of the adjustment that would result in a negative ROU asset balance is recorded in the Consolidated Statement of Operations.
Environmental Expenditures Environmental Expenditures
Environmental expenditures incurred to mitigate or prevent environmental impacts that have yet to occur and that otherwise may result from future operations are capitalized.  Expenditures that relate to an existing condition caused by past operations and that do not contribute to current or future revenues are expensed or charged against established environmental reserves.  Reserves are established when environmental impacts have been identified which are probable to require mitigation and/or remediation and the costs are reasonably estimable.
Income Taxes Income Taxes
The Company accounts for income taxes using the asset and liability method.  Under the asset and liability method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases.  Deferred tax assets and liabilities are measured using enacted tax rates expected to
apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.  The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

The Company periodically assesses whether it is more likely than not that it will generate sufficient taxable income to realize its deferred income tax assets.  In making this determination, the Company considers all available positive and negative evidence and makes certain assumptions.  The Company considers, among other things, its deferred tax liabilities, the overall business environment, its historical earnings and losses, current industry trends and its outlook for taxable income in future years.  
 
The Company recognizes tax benefits from uncertain tax positions only if it is more likely than not that the tax position will be sustained upon examination by the relevant taxing authority. Adjustments are made to the reserves for uncertain tax positions when facts and circumstances change or additional information is available. Judgment is required to assess the impact of ongoing audits conducted by tax authorities in determining the Company’s consolidated income tax provision. The Company recognizes accrued interest and penalties on tax related matters as a component of income tax expense.
Earnings Per Share Earnings per Share
Basic income per common share is computed by dividing net income attributable to Darling by the weighted average number of common shares including non-vested and restricted shares with participation rights outstanding during the period.  Diluted income per common share is computed by dividing net income attributable to Darling by the weighted average number of common shares outstanding during the period increased by dilutive common equivalent shares determined using the treasury stock method.
Stock Based Compensation Stock Based CompensationThe Company recognizes compensation expense ratably over the vesting period in an amount equal to the fair value of the share-based payments (e.g., stock options and non-vested and restricted stock) granted to employees and non-employee directors or by incurring liabilities to an employee or other supplier (a) in amounts based, at least in part, on the price of the entity’s shares or other equity instruments, or (b) that require or may require settlement by issuing the entity’s equity shares or other equity instruments. The Company’s policy is to account for forfeitures in the period they occur, rather than estimating a forfeiture rate. The Company does not reclassify excess tax benefits from operating activities to financing activities in the Consolidated Statements of Cash Flows. Additionally, the Company excludes the excess tax benefits from the assumed proceeds available to repurchase shares of common stock in the computation of the Company’s diluted earnings per share.
Use of Estimates Use of Estimates
The preparation of the consolidated financial statements in conformity with U.S. generally accepted accounting principles 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 consolidated financial statements and the reported amounts of revenues and expenses during the reporting period.  Actual results could differ from those estimates.

If it is at least reasonably possible that the estimate of the effect on the financial statements of a condition, situation, or set of circumstances that exist at the date of the financial statements will change in the near term due to one or more future confirming events, and the effect of the change would be material to the financial statements, the Company will disclose the nature of the uncertainty and include an indication that it is at least reasonably possible that a change in the estimate will occur in the near term.  If the estimate involves certain loss contingencies, the disclosure will also include an estimate of the probable loss or range of loss or state that an estimate cannot be made.
Derivative Instruments Derivative Instruments
The Company makes limited use of derivative instruments to manage cash flow risks related to interest rates, natural gas usage, inventory, forecasted sales and foreign currency exchange rates.  The Company does not use derivative instruments for trading purposes. Interest rate swaps are entered into with the intent of managing overall borrowing costs by reducing the potential impact of increases in interest rates on floating-rate long-term debt. Natural gas swaps and options are entered into with the intent of managing the overall cost of natural gas usage by reducing the potential impact of seasonal weather demands on natural gas that increases natural gas prices.  Heating oil swaps and options are entered into with the intent of managing the overall cost of diesel fuel usage by reducing the potential impact of seasonal weather demands on diesel fuel that increases diesel fuel prices. Soybean meal options are entered into with the intent of managing the impact of changing prices for poultry meal sales.  Corn options and future contracts are entered into with the intent of managing U.S. forecasted sales of BBP by reducing the impact of changing prices. Foreign currency forward and option contracts are entered into to mitigate the foreign exchange rate risk for transactions designated in a currency other than the local functional currency.  

Entities are required to report all derivative instruments in the statement of financial position at fair value. The accounting for changes in the fair value (i.e., gains or losses) of a derivative instrument depends on
whether it has been designated and qualifies as part of a hedging relationship and, if so, on the reason for holding the instrument. If certain conditions are met, entities may elect to designate a derivative instrument as a hedge of exposures to changes in fair value, cash flows or foreign currencies.  If the hedged exposure is a cash flow exposure, the gain or loss on the derivative instrument is reported initially as a component of other comprehensive loss (outside of earnings) and is subsequently reclassified into earnings when the forecasted transaction affects earnings. Any amounts excluded from the assessment of hedge effectiveness is reported in earnings immediately. If the derivative instrument is not designated as a hedge, the gain or loss is recognized in earnings in the period of change. Hedge accounting treatment ceases if or when the hedge transaction is no longer probable of occurring or the hedge relationship correlation no longer qualifies for hedge accounting.
Revenue Recognition Revenue Recognition
The Company recognizes revenue on sales when control of the promised finished product is transferred to the Company’s customers in an amount that reflects the consideration the Company expects to be entitled to in exchange for the finished product. Service revenues are recognized when the service occurs. Certain customers may be required to prepay prior to shipment in order to maintain payment protection against certain foreign and domestic sales.  These amounts are recorded as unearned revenue and recognized when control of the promised finished product is transferred to the Company’s customer. See Note 23 to the consolidated financial statements.
Foreign Currency Transactions and Remeasurement Foreign Currency Translation and RemeasurementForeign currency translation is included as a component of accumulated other comprehensive loss and reflects the adjustments resulting from translating the foreign currency denominated financial statements of foreign subsidiaries into U.S. dollars. The functional currency of the Company’s foreign subsidiaries is the currency of the primary economic environment in which the entity operates, which is generally the local currency of the country. Accordingly, assets and liabilities of the foreign subsidiaries are translated into U.S. dollars at fiscal year end exchange rates, including intercompany foreign currency transactions that are of long-term investment nature. Income and expense items are translated at average exchange rates occurring during the period. Changes in exchange rates that affect cash flows and the related receivables or payables are recognized as transaction gains/(losses) in determining net income.
Subsequent Events Subsequent EventsThe Company evaluates subsequent events from the end of the most recent fiscal year through the date the consolidated financial statements are issued.
v3.25.4
General (Tables)
12 Months Ended
Jan. 03, 2026
General [Abstract]  
Restrictions on Cash and Cash Equivalents A reconciliation of cash, cash equivalents, and restricted cash reported within the Consolidated Balance Sheets that sum to the total of same such amounts shown in the Consolidated Statements of Cash flows is as follows (in thousands):
January 3, 2026December 28, 2024
Cash and cash equivalents$88,671 $75,973 
Restricted cash16,686 37,579 
Restricted cash included in other long-term assets98,181 103,755 
Total cash, cash equivalents and restricted cash shown in the statement of cash flows$203,538 $217,307 
Net Income per Common Share
Net Income per Common Share (in thousands, except per share data)
 January 3,December 28,December 30,
 202620242023
 IncomeSharesPer-ShareIncomeSharesPer-ShareIncomeSharesPer-Share
Basic: 
Net income attributable to Darling$62,804 158,479$0.40 $278,880 159,513$1.75 $647,726 159,861$4.05 
Diluted: 
Effect of dilutive securities 
Add: Option shares in the money and dilutive effect of nonvested stock
— 2,746— — 2,932— — 3,314— 
Less: Pro-forma treasury shares— (1,068)— — (1,027)— — (788)— 
Diluted: 
Net income attributable to Darling$62,804 160,157$0.39 $278,880 161,418$1.73 $647,726 162,387$3.99 
v3.25.4
Investment in Unconsolidated Subsidiary (Tables)
12 Months Ended
Jan. 03, 2026
Investment in Affiliate [Abstract]  
Equity Method Investments
Selected financial information for the Company’s DGD Joint Venture is as follows:
(in thousands)December 31, 2025December 31, 2024
Assets:
Cash$195,765 $353,446 
Total current assets1,199,194 1,137,821 
Property, plant and equipment, net3,702,254 3,868,943 
Other assets139,765 100,307 
Total assets$5,236,978 $5,460,517 
Liabilities and members' equity:
Revolver$— $— 
Total current portion of long term debt29,487 29,809 
Total other current liabilities332,256 319,688 
Total long term debt677,671 707,158 
Total other long term liabilities17,748 17,195 
Total members' equity4,179,816 4,386,667 
Total liabilities and member's equity$5,236,978 $5,460,517 

Year Ended December 31,
(in thousands)202520242023
Revenues:
Operating revenues$4,596,830 $5,065,592 $6,990,622 
Expenses:
Total costs and expenses excluding lower of cost or market inventory valuation adjustment and depreciation, amortization and accretion expense4,500,398 4,309,768 5,925,778 
Lower of cost or market (LCM) inventory valuation adjustment(140,085)175,934 60,871 
Depreciation, amortization and accretion expense266,887 264,992 230,921 
Operating income/(loss)(30,370)314,898 773,052 
Other income9,321 22,114 10,317 
Interest and debt expense, net(46,340)(38,673)(49,857)
Income before income tax expense$(67,389)$298,339 $733,512 
Income tax expense1,066 175 752 
Net income/(loss)$(68,455)$298,164 $732,760 
v3.25.4
Acquisitions (Tables)
12 Months Ended
Jan. 03, 2026
Business Combination [Abstract]  
Business Combination, Recognized Asset Acquired and Liability Assumed
The following table summarizes the final fair value of the assets acquired and the liabilities assumed in the Gelnex Acquisition as of March 31, 2023 (in thousands):


Accounts receivable$81,025 
Inventories140,865 
Other current assets3,143 
Property, plant and equipment169,205 
Identifiable intangible assets339,500 
Goodwill542,572 
Operating lease right-of-use assets134 
Other assets2,703 
Deferred tax asset9,067 
Accounts payable(15,059)
Current portion of long-term debt(44,692)
Current operating lease liabilities(26)
Accrued expenses(18,826)
Long-term debt, net of current portion(1,407)
Long-term operating lease liabilities(123)
Deferred tax liability(12,870)
Other noncurrent liabilities(19)
Purchase price, net of cash acquired$1,195,192 
Less hold-back104,145 
Cash paid for acquisition, net of cash acquired$1,091,047 
Business Combination, Pro Forma Information
As a result of the Gelnex Acquisition, effective March 31, 2023, the Company began including the operations of the Gelnex Acquisition in the Company’s consolidated financial statements. The following table presents selected pro forma information, for comparative purposes, assuming the Gelnex Acquisition had occurred on January 1, 2023 for the period presented (unaudited) (in thousands):

Twelve Months Ended
December 30, 2023
Net sales6,886,347 
Net income663,168 
v3.25.4
Inventories (Tables)
12 Months Ended
Jan. 03, 2026
Inventory Disclosure [Abstract]  
INVENTORIES
A summary of inventories follows (in thousands):

        
 January 3, 2026December 28, 2024
Finished product$295,670 $335,116 
Work in process78,458 92,762 
Raw material45,084 38,117 
Supplies and other108,526 110,842 
 $527,738 $576,837 
v3.25.4
Assets Held For Sale (Tables)
12 Months Ended
Jan. 03, 2026
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Disposal Group The carrying values of the assets and liabilities classified as held for sale in our consolidated balance sheet are as follows (in thousands):
January 3, 2026
Assets:
Accounts receivable, net$26,493 
Inventories64,683 
Other current assets4,381 
Property plant and equipment, net24,377 
Goodwill20,293 
Other assets7,469 
Total assets147,696 
Valuation allowance(4,217)
Total assets held for sale$143,479 
Liabilities:
Accounts payable, principally trade$4,152 
Accrued expenses11,635 
Other current liabilities1,143 
Other noncurrent liabilities8,155 
Total liabilities to be disposed of$25,085 
Net assets held for sale$118,394 
v3.25.4
Property, Plant and Equipment (Tables)
12 Months Ended
Jan. 03, 2026
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment
A summary of property, plant and equipment follows (in thousands):
        
 January 3, 2026December 28, 2024
Land$212,229 $203,511 
Buildings and improvements1,087,611 1,023,697 
Machinery and equipment3,468,796 3,097,409 
Vehicles534,113 517,858 
Aircraft10,313 10,313 
Construction in process474,689 440,651 
5,787,751 5,293,439 
Accumulated depreciation(2,991,612)(2,579,770)
$2,796,139 $2,713,669 
v3.25.4
Intangbile assets (Tables)
12 Months Ended
Jan. 03, 2026
INTANGIBLE ASSETS [Abstract]  
Schedule of Intangible Assets
The gross carrying amount of intangible assets not subject to amortization and intangible assets subject to amortization is as follows (in thousands):
        
 January 3, 2026December 28, 2024
Indefinite Lived Intangible Assets  
Trade names$52,251 $51,050 
 52,251 51,050 
Finite Lived Intangible Assets:  
Collection routes739,833 714,801 
Customer relationships315,652 278,920 
Permits325,663 316,038 
Trade names19,205 82,401 
Royalty, product development, patents, consulting, land use rights, non-compete and leasehold agreements20,121 22,337 
 1,420,474 1,414,497 
Accumulated Amortization:
Collection routes(311,198)(254,164)
Customer relationships(79,315)(44,476)
Permits(217,728)(189,500)
Trade names(11,932)(72,549)
Royalties, product development, patents, consulting, land use rights, non-compete and leasehold agreements(7,549)(6,446)
(627,722)(567,135)
Total Intangible assets, less accumulated amortization$845,003 $898,412 
v3.25.4
Goodwill (Tables)
12 Months Ended
Jan. 03, 2026
GOODWILL [Abstract]  
Schedule of Goodwill
Changes in the carrying amount of goodwill (in thousands):
 Feed IngredientsFood IngredientsFuel IngredientsTotal
Balance at December 30, 2023
Goodwill$1,487,236 $900,707 $147,223 $2,535,166 
Accumulated impairment losses(15,914)(3,170)(31,580)(50,664)
1,471,322 897,537 115,643 2,484,502 
Goodwill acquired during year62,802 — 4,114 66,916 
Measurement period adjustments— (9,147)— (9,147)
Foreign currency translation(96,361)(116,562)(6,755)(219,678)
Balance at December 28, 2024   
Goodwill1,453,677 774,998 144,582 2,373,257 
Accumulated impairment losses(15,914)(3,170)(31,580)(50,664)
 1,437,763 771,828 113,002 2,322,593 
Goodwill impairment during year(1,967)(17,025)— (18,992)
Goodwill classified as assets held for sale(20,293)— — (20,293)
Foreign currency translation73,803 87,459 14,461 175,723 
Balance at January 3, 2026   
Goodwill1,507,187 862,457 159,043 2,528,687 
Accumulated impairment losses(17,881)(20,195)(31,580)(69,656)
 $1,489,306 $842,262 $127,463 $2,459,031 
v3.25.4
Accrued Expenses (Tables)
12 Months Ended
Jan. 03, 2026
ACCRUED EXPENSES [Abstract]  
Schedule of Accounts Payable and Accrued Liabilities
Accrued expenses consist of the following (in thousands):         
 January 3, 2026December 28, 2024
Compensation and benefits
$170,312 $139,011 
Accrued operating expenses
87,055 73,239 
 Short-term acquisition hold-backs (Note 3)17,500 38,620 
 Short-term contingent consideration (Note 18)— 28,862 
 Other accrued expenses210,631 209,563 
 $485,498 $489,295 
v3.25.4
(Tables)
12 Months Ended
Jan. 03, 2026
Leases [Abstract]  
Components of Lease Expense
The components of operating lease expense included in cost of sales and operating expenses and selling, general and administrative expenses were as follows (in thousands):

Year Ended
January 3, 2026December 28, 2024December 30, 2023
Operating lease expense$70,452 $64,848 $56,078 
Short-term lease costs34,434 36,363 36,762 
Total lease cost$104,886 $101,211 $92,840 

Other information (in thousands, except lease terms and discount rates):

Year Ended
January 3, 2026December 28, 2024December 30, 2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$71,792 $65,840 $58,924 
Operating right-of-use assets, net$223,705 $210,692 
Operating lease liabilities, current$61,745 $62,761 
Operating lease liabilities, non-current162,362 152,327 
Total operating lease liabilities$224,107 $215,088 
Weighted average remaining lease term - operating leases5.34 years5.74 years
Weighted average discount rate - operating leases5.03 %4.87 %
Maturities of Operating Lease Liabilities
Future annual minimum lease payments and finance lease commitments as of January 3, 2026 were as follows (in thousands):

Period Ending FiscalOperating LeasesFinance Leases
2026$68,437 $2,074 
202759,327 1,756 
202847,371 1,278 
202934,512 875 
203015,403 
Thereafter25,305 — 
Total undiscounted lease payments250,355 5,984 
Less amounts representing interest(26,248)(195)
Lease obligations included in current and long-term liabilities$224,107 $5,789 
Maturities of Financing Lease Liabilities
Future annual minimum lease payments and finance lease commitments as of January 3, 2026 were as follows (in thousands):

Period Ending FiscalOperating LeasesFinance Leases
2026$68,437 $2,074 
202759,327 1,756 
202847,371 1,278 
202934,512 875 
203015,403 
Thereafter25,305 — 
Total undiscounted lease payments250,355 5,984 
Less amounts representing interest(26,248)(195)
Lease obligations included in current and long-term liabilities$224,107 $5,789 
v3.25.4
Debt (Tables)
12 Months Ended
Jan. 03, 2026
Debt Disclosure [Abstract]  
Schedule of Debt
Debt consists of the following (in thousands): 
        
January 3, 2026December 28, 2024
Amended Credit Agreement:  
Revolving Credit Facility ($162.2 million and zero denominated in € at January 3, 2026 and December 28, 2024, respectively)
$601,150 $267,000 
Term A facility895,500 — 
Less unamortized deferred loan costs(3,846)— 
Carrying value Term A facility891,654 — 
Term A-1 facility— 397,000 
Less unamortized deferred loan costs— (366)
Carrying value Term A-1 facility— 396,634 
Term A-2 facility— 471,875 
Less unamortized deferred loan costs— (509)
Carrying value Term A-2 facility— 471,366 
Term A-3 facility— 297,750 
Less unamortized deferred loan costs— (560)
Carrying value Term A-3 facility— 297,190 
Term A-4 facility— 481,250 
Less unamortized deferred loan costs— (664)
Carrying value Term A-4 facility— 480,586 
6% Senior Notes due 2030 with effective interest of 6.12%
1,000,000 1,000,000 
Less unamortized deferred loan costs net of bond premiums(4,725)(5,605)
Carrying value 6% Senior Notes due 2030
995,275 994,395 
5.25% Senior Notes due 2027 with effective interest of 5.47%
500,000 500,000 
Less unamortized deferred loan costs(1,345)(2,322)
Carrying value 5.25% Senior Notes due 2027
498,655 497,678 
4.5% Senior Notes due 2032 - Denominated in euro with effective interest of 4.7%
881,250 — 
Less unamortized deferred loan costs - Denominated in euro(9,781)— 
Carrying value 4.5% Senior Notes due 2032
871,469 — 
3.625% Senior Notes due 2026 - Denominated in euro with effective interest of 3.83%
— 536,733 
Less unamortized deferred loan costs - Denominated in euro— (1,542)
Carrying value 3.625% Senior Notes due 2026
— 535,191 
Other Notes and Obligations79,257 101,958 
3,937,460 4,041,998 
Less Current Maturities75,217 133,020 
$3,862,243 $3,908,978 
Schedule of Maturities of Long-term Debt
Maturities of long-term debt at January 3, 2026 are as follows (in thousands):
 
Contractual
Debt Payment
2026$75,867 
2027512,762 
202810,005 
202911,895 
20301,612,177 
Thereafter1,734,451 
$3,957,157 
v3.25.4
Other Noncurrent Liabilities (Tables)
12 Months Ended
Jan. 03, 2026
OTHER NONCURRENT LIABILITIES [Abstract]  
Schedule of Other Liabilities, Noncurrent
Other noncurrent liabilities consist of the following (in thousands):

 January 3, 2026December 28, 2024
Accrued pension liability less amounts included in liabilities to be disposed of (Note 5 and Note 16)$17,015 $17,676 
Reserve for self-insurance, litigation, environmental and tax matters (Note 21)68,795 80,757 
Long-term acquisition hold backs (Note 3)98,461 104,684 
Other5,183 5,233 
 $189,454 $208,350 
v3.25.4
Income Taxes Income Taxes (Tables)
12 Months Ended
Jan. 03, 2026
Income Tax Disclosure [Abstract]  
Schedule of Income before Income Tax, Domestic and Foreign
U.S. and foreign income before income taxes are as follows (in thousands):
        
January 3, 2026December 28, 2024December 30, 2023
United States$(165,040)$(17,062)$399,378 
Foreign226,066 264,570 320,579 
Income before income taxes$61,026 $247,508 $719,957 
Schedule of Components of Income Tax Expense (Benefit)
Income tax expense/(benefit) attributable to income before income taxes consists of the following (in thousands):
         
    
January 3, 2026December 28, 2024December 30, 2023
Current:  
Federal$(213)$287 $1,574 
State1,875 1,956 1,336 
Foreign92,154 81,704 104,997 
Total current93,816 83,947 107,907 
Deferred:  
Federal(86,252)(121,872)(22,868)
State(5,846)(1,643)(28,511)
Foreign(11,077)1,231 3,040 
Total deferred(103,175)(122,284)(48,339)
$(9,359)$(38,337)$59,568 
A reconciliation of the beginning and ending amounts of unrecognized tax benefits is as follows (in thousands):

January 3, 2026December 28, 2024
Balance at beginning of Year$10,752 $13,872 
Change in tax positions related to current year(4,015)(4,600)
Change in tax positions related to prior years3,165 1,480 
Change in tax positions due to settlement with tax authorities— — 
Expiration of the statute of limitations— — 
Balance at end of year$9,902 $10,752 
Schedule of Effective Income Tax Rate Reconciliation The following table is a reconciliation of the U.S. federal statutory rate to the Company’s effective rate in accordance with the guidance in ASU No. 2023-09 (in thousands, except percentages):
January 3, 2026
AmountPercent
U.S. federal statutory tax rate$12,816 21.0 %
State and local income taxes, net of federal effect (1)(3,640)(6.0)%
Foreign tax effects
Belgium2,120 3.5 %
Brazil
Non-taxable change in contingent payment liability6,115 10.0 %
Deductible outside basis difference(12,720)(20.8)%
Withholding taxes15,397 25.2 %
Change in tax law12,703 20.8 %
Changes in valuation allowance11,764 19.3 %
Other(2,046)(3.3)%
Canada
Statutory rate differential(3,400)(5.6)%
Provincial income taxes6,476 10.6 %
Deferred tax on unremitted foreign earnings2,162 3.5 %
Other(76)(0.1)%
Germany
Local income taxes3,674 6.0 %
Other(2,003)(3.3)%
Netherlands
Statutory rate differential2,625 4.3 %
Tax credits – withholding taxes(15,838)(25.9)%
Tax credits – Brazil tax sparing(5,088)(8.3)%
Nondeductible goodwill impairment4,159 6.8 %
Changes in valuation allowance2,144 3.5 %
Other3,483 5.7 %
Other foreign jurisdictions1,951 3.2 %
Effects of cross – border tax laws953 1.6 %
Tax credits
Biofuel tax incentives(59,625)(97.7)%
Other(153)(0.2)%
Nontaxable or nondeductible items
Nondeductible compensation expenses2,843 4.7 %
Other2,705 4.4 %
Changes in unrecognized tax benefits(285)(0.5)%
Other adjustments1,425 2.3 %
Effective tax rate$(9,359)(15.3)%

(1) Louisiana, Illinois, Texas, California, Minnesota, Iowa and Indiana represent the majority of the tax effect in this category.
Income tax expense/(benefit) for the years ended December 28, 2024 and December 30, 2023, differed from the amount computed by applying the statutory U.S. federal income tax rate to income before income taxes as a result of the following (in thousands):
        
December 28, 2024December 30, 2023
Computed "expected" tax expense$51,977 $151,191 
Change in valuation allowance50,231 27,713 
Non-deductible compensation expenses3,443 5,779 
Deferred tax on unremitted foreign earnings1,897 3,686 
Foreign rate differential13,817 16,607 
Withholding taxes(4,063)(4,696)
Change in uncertain tax positions(2,594)(3,477)
State income taxes, net of federal benefit(9,786)(20,868)
Biofuel tax incentives(127,081)(125,006)
Global intangible low taxed income1,882 14,943 
Change in contingent payment liability(16,029)(655)
Change in tax law— (5,890)
Equity compensation windfall(341)(2,241)
Other, net(1,690)2,482 
$(38,337)$59,568 
Schedule of Deferred Tax Assets and Liabilities
The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities at January 3, 2026 and December 28, 2024 are presented below (in thousands):        
 January 3, 2026December 28, 2024
Deferred tax assets:  
Loss contingency reserves$14,427 $14,099 
Employee benefits14,221 13,715 
Pension liability3,397 3,307 
Interest expense carryforwards98,885 87,702 
Tax loss carryforwards519,940 417,119 
Tax credit carryforwards6,125 2,771 
Operating lease liabilities58,718 56,484 
Inventory11,701 9,705 
Accrued liabilities and other63,959 62,800 
Total gross deferred tax assets791,373 667,702 
Less valuation allowance(115,163)(86,927)
Net deferred tax assets676,210 580,775 
Deferred tax liabilities:
Intangible assets amortization, including tax deductible goodwill(290,426)(256,453)
Property, plant and equipment depreciation(153,948)(192,280)
Investment in DGD Joint Venture(326,010)(316,993)
Operating lease assets(58,516)(55,221)
Tax on unremitted foreign earnings(40,173)(16,492)
Other(23,162)(13,990)
Total gross deferred tax liabilities(892,235)(851,429)
Net deferred tax liability$(216,025)$(270,654)
Amounts reported on Consolidated Balance Sheets:
Non-current deferred tax asset$24,536 $22,368 
Non-current deferred tax liability(240,561)(293,022)
Net deferred tax liability$(216,025)$(270,654)
v3.25.4
Stockholders' Equity and Stock-Based Compensation (Tables)
12 Months Ended
Jan. 03, 2026
Stockholders' Equity and Stock-Based Compensation [Abstract]  
Schedule of Share-based Compensation, Stock Options, Activity
A summary of all stock option activity during fiscal 2023, 2024 and 2025, and outstanding as of the end of each such fiscal year is as follows:     
 Number of
shares
Weighted-avg.
exercise price
per share
Weighted-avg.
remaining
contractual life
Options outstanding at December 31, 20222,756,587 $17.23 4.3 years
Granted— — 
Exercised(223,000)20.43 
Forfeited(2,212)26.54 
Expired— — 
Options outstanding at December 30, 20232,531,375 16.94 3.3 years
Granted— — 
Exercised(119,651)18.20 
Forfeited(7,257)19.12 
Expired— — 
Options outstanding at December 28, 20242,404,467 16.87 2.4 years
Granted— —  
Exercised(356,146)15.47  
Forfeited(6,328)14.04  
Expired— —  
Options outstanding at January 3, 20262,041,993 $17.12 1.8 years
Options exercisable at January 3, 20262,041,993 $17.12 1.8 years
Schedule of Nonvested Share Activity
A summary of the Company’s non-vested stock and RSU award activity during fiscal 2023, 2024 and 2025, and outstanding as of the end of each such fiscal year, is as follows:

 Non-Vested, and RSU
Shares
Weighted Average
Grant Date
Fair Value
Stock awards outstanding December 31, 2022170,249 $66.31 
Shares granted168,924 61.73 
Shares vested(70,251)65.03 
Shares forfeited(3,270)62.55 
Stock awards outstanding December 30, 2023265,652 63.78 
Shares granted162,913 49.01 
Shares vested(131,600)63.45 
Shares forfeited(2,847)43.72 
Stock awards outstanding December 28, 2024294,118 55.94 
Shares granted244,130 34.69 
Shares vested(143,425)58.21 
Shares forfeited(29,627)49.51 
Stock awards outstanding January 3, 2026365,196 $41.36 
A summary of the Company’s LTIP PSU award activity during fiscal 2023, 2024 and 2025, and outstanding as of the end of each such fiscal year, is as follows:
    
 LTIP PSU
Shares
Weighted Average
Grant Date
Fair Value
LTIP PSU awards outstanding December 31, 2022439,306 $50.58 
Granted186,918 66.67 
Additional PSU awards vested from performance263,221 31.80 
Stock issued for PSUs(473,824)31.80 
Forfeited(11,078)67.60 
LTIP PSU awards outstanding December 30, 2023404,543 67.33 
Granted244,376 53.43 
Additional PSU awards vested from performance142,600 61.12 
Stock issued for PSUs(257,918)61.14 
Forfeited(9,316)65.62 
LTIP PSU awards outstanding December 28, 2024524,285 62.24 
Granted355,383 37.70 
Additional PSU awards vested from performance58,670 75.13 
Stock issued for PSUs(160,770)75.13 
Forfeited(28,304)43.36 
LTIP PSU awards outstanding January 3, 2026749,264 $49.55 
Schedule of Share-based Payment Award, Equity Instruments Other than Options, Valuation Assumptions
The fair value of each PSU award under the Company’s 2025 LTIP, 2024 LTIP and 2023 LTIP was estimated on the date of grant using a Monte Carlo model with the following weighted average assumptions for fiscal 2025, fiscal 2024 and fiscal 2023.
                
Weighted Average202520242023
Expected dividend yield0.0%0.0%0.0%
Risk-free interest rate4.27%4.03%4.13%
Expected term3.00 years3.00 years2.98 years
Expected volatility40.7%41.9%49.6%
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity
A summary of the Company’s non-employee director RSU and DSU award activity during fiscal 2023, 2024 and 2025, and outstanding as of the end of each such fiscal year, is as follows:        
 Director RSUs and Director DSUs
Shares
Weighted Average
Grant Date
Fair Value
Stock awards outstanding December 31, 2022208,934 $27.94 
Shares granted30,676 59.36 
Shares where the restriction lapsed(70,475)24.69 
Shares forfeited(1,007)61.01 
Stock awards outstanding December 30, 2023168,128 34.84 
Shares granted38,027 44.62 
Shares where the restriction lapsed(31,351)28.46 
Shares forfeited(2,640)44.52 
Stock awards outstanding December 28, 2024172,164 38.01 
Shares granted51,197 33.54 
Shares where the restriction lapsed(19,364)48.47 
Shares forfeited(956)34.31 
Stock awards outstanding January 3, 2026203,041 $35.90 
v3.25.4
Comprehensive Income (Tables)
12 Months Ended
Jan. 03, 2026
Comprehensive Income [Abstract]  
Schedule of Comprehensive Income (Loss)
The components of other comprehensive income/(loss) and the related tax impacts for the years ended January 3, 2026, December 28, 2024 and December 30, 2023 are as follows (in thousands):


Before-TaxTax (Expense)Net-of-Tax
Amountor BenefitAmount
Year Ended December 30, 2023
Defined Benefit Pension Plans
Actuarial gain/(loss) recognized$1,669 $(650)$1,019 
Amortization of actuarial gain/(loss)1,725 (427)1,298 
Amortization of prior service costs(1)— (1)
Amortization of settlement(58)14 (44)
Other12 — 12 
Total defined benefit pension plans3,347 (1,063)2,284 
Soybean meal option derivatives
Reclassified to earnings(627)159 (468)
Activity recognized in other comprehensive income (loss)(3)(2)
Total soybean meal derivatives(630)160 (470)
Heating oil swap derivatives at DGD
Activity recognized in other comprehensive income (loss)45,268 (11,053)34,215 
Total heating oil derivatives45,268 (11,053)34,215 
Corn option derivatives
Reclassified to earnings(1,537)390 (1,147)
Activity recognized in other comprehensive income (loss)1,627 (412)1,215 
Total corn options90 (22)68 
Interest swap derivatives
Reclassified to earnings(1,843)448 (1,395)
Activity recognized in other comprehensive income (loss)5,818 (1,414)4,404 
Total interest swap derivatives3,975 (966)3,009 
Foreign exchange derivatives
Reclassified to earnings(34,491)11,822 (22,669)
Activity recognized in other comprehensive income (loss)40,170 (13,769)26,401 
Total foreign exchange derivatives5,679 (1,947)3,732 
Foreign currency translation140,618 (967)139,651 
Other comprehensive income/(loss)$198,347 $(15,858)$182,489 
Year Ended December 28, 2024
Defined Benefit Pension Plans
Actuarial gain/(loss) recognized$2,323 $(568)$1,755 
Amortization of actuarial gain/(loss)1,367 (326)1,041 
Amortization of prior service costs23 (3)20 
Amortization of settlement(10)(7)
Total defined benefit pension plans3,703 (894)2,809 
Soybean meal option derivatives
Reclassified to earnings(33)(25)
Activity recognized in other comprehensive income (loss)— — — 
Total soybean meal derivatives(33)(25)
Heating oil swap derivatives at DGD
Activity recognized in other comprehensive income (loss)(43,567)10,587 (32,980)
Total heating oil derivatives(43,567)10,587 (32,980)
Corn option derivatives
Reclassified to earnings(947)230 (717)
Activity recognized in other comprehensive income (loss)819 (199)620 
Total corn options(128)31 (97)
Interest swap derivatives
Reclassified to earnings(49,334)11,988 (37,346)
Activity recognized in other comprehensive income (loss)51,042 (12,403)38,639 
Total interest swap derivatives1,708 (415)1,293 
Foreign exchange derivatives
Reclassified to earnings980 (332)648 
Activity recognized in other comprehensive income (loss)(61,120)20,726 (40,394)
Total foreign exchange derivatives(60,140)20,394 (39,746)
Foreign currency translation(417,537)2,395 (415,142)
Other comprehensive income/(loss)$(515,994)$32,106 $(483,888)
Year Ended January 3, 2026
Defined Benefit Pension Plans
Actuarial gain/(loss) recognized$6,065 $(1,526)$4,539 
Amortization of actuarial gain/(loss)681 (165)516 
Amortization of prior service costs24 27 
Amortization of settlement5,551 (1,353)4,198 
Other22 — 22 
Total defined benefit pension plans12,343 (3,041)9,302 
Heating oil swap derivatives at DGD
Activity recognized in other comprehensive income (loss)12,078 (2,936)9,142 
Total heating oil derivatives12,078 (2,936)9,142 
Corn option derivatives
Reclassified to earnings385 (94)291 
Activity recognized in other comprehensive income (loss)(257)63 (194)
Total corn options128 (31)97 
Interest swap derivatives
Reclassified to earnings13,550 (3,293)10,257 
Activity recognized in other comprehensive income (loss)(19,456)4,728 (14,728)
Total interest swap derivatives(5,906)1,435 (4,471)
Foreign exchange derivatives
Reclassified to earnings(1,322)453 (869)
Activity recognized in other comprehensive income (loss)53,412 (18,302)35,110 
Total foreign exchange derivatives52,090 (17,849)34,241 
Foreign currency translation298,296 (5,963)292,333 
Other comprehensive income/(loss)$369,029 $(28,385)$340,644 
Reclassification out of Accumulated Other Comprehensive Income
Fiscal Year Ended
January 3, 2026December 28, 2024December 30, 2023Statement of Operations Classification
Derivative instruments
Soybean meal option derivatives$— $33 $627 Total net sales
Foreign exchange derivatives1,322 (980)34,491 Total net sales
Corn option derivatives(385)947 1,537 Cost of sales and operating expenses
Interest rate swap derivatives(13,550)49,334 1,843 Foreign currency gain/(loss) and interest expense
(12,613)49,334 38,498 Total before tax
2,934 (11,894)(12,819)Income taxes
(9,679)37,440 25,679 Net of tax
Defined benefit pension plans
Amortization of prior service cost$(24)$(23)$(a)
Amortization of actuarial loss(681)(1,367)(1,725)(a)
Amortization of settlement(5,551)10 58 (a)
(6,256)(1,380)(1,666)Total before tax
1,515 326 413 Income taxes
(4,741)(1,054)(1,253)Net of tax
Total reclassifications$(14,420)$36,386 $24,426 Net of tax

(a)These items are included in the computation of net periodic pension cost. See Note 16 Employee Benefit Plans for additional information.
Schedule of Accumulated Other Comprehensive Income (Loss)
The following table presents changes in each component of accumulated comprehensive loss as of January 3, 2026 as follows (in thousands):

Fiscal Year Ended January 3, 2026
Foreign CurrencyDerivativeDefined Benefit
TranslationInstrumentsPension PlansTotal
Accumulated Other Comprehensive income/(loss) December 28, 2024, attributable to Darling, net of tax$(648,827)$(23,825)$(11,589)$(684,241)
Other comprehensive income before reclassifications292,333 29,330 4,561 326,224 
Amounts reclassified from accumulated other comprehensive income/(loss)— 9,679 4,741 14,420 
Net current-period other comprehensive income/(loss)292,333 39,009 9,302 340,644 
Noncontrolling interest(4,408)— — (4,408)
Accumulated Other Comprehensive income/(loss) January 3, 2026, attributable to Darling, net of tax$(352,086)$15,184 $(2,287)$(339,189)
v3.25.4
Employee Benefit Plans (Tables)
12 Months Ended
Jan. 03, 2026
Employee Benefit Plans [Abstract]  
Schedule of Net Funded Status The following table sets forth the plans’ funded status for the Company’s domestic and foreign defined benefit plans and amounts recognized in the Company’s Consolidated Balance Sheets based on the measurement date (December 31, 2025 and December 31, 2024) (in thousands):
    
 January 3,
2026
December 28,
2024
Change in projected benefit obligation:  
Projected benefit obligation at beginning of period$165,305 $172,354 
Plan acquisition— 82 
Service cost3,114 3,171 
Interest cost6,847 7,640 
Employee contributions423 353 
Plan combinations— 1,715 
Actuarial (gain)/loss(393)(4,736)
Benefits paid(8,644)(10,068)
Effect of curtailment(14)— 
Effect of settlement(34,100)(1,614)
Other (gain)/loss5,349 (3,592)
Projected benefit obligation at end of period137,887 165,305 
Change in plan assets:  
Fair value of plan assets at beginning of period151,698 155,412 
Actual return on plan assets11,468 4,853 
Employer contributions3,559 3,671 
Employee contributions423 353 
Plan combinations— 1,747 
Benefits paid(8,644)(10,068)
Effect of settlement(34,100)(1,614)
Other gain/(loss)3,336 (2,656)
Fair value of plan assets at end of period127,740 151,698 
Funded status(10,147)(13,607)
Net amount recognized$(10,147)$(13,607)
Amounts recognized in the consolidated balance
   sheets consist of:
  
Noncurrent assets$9,806 $5,348 
Current liability(1,640)(1,279)
Noncurrent liability(18,313)(17,676)
Net amount recognized$(10,147)$(13,607)
Amounts recognized in accumulated other
   comprehensive loss consist of:
  
Net actuarial loss$2,654 $16,212 
Prior service cost232 (983)
Net amount recognized (a)$2,886 $15,229 

(a) Amounts do not include deferred taxes of $0.6 million and $3.6 million at January 3, 2026 and December 28, 2024, respectively.
Schedule of Accumulated and Projected Benefit Obligations
Information for pension plans with accumulated benefit obligations in excess of plan assets is as follows (in thousands):
    
 January 3,
2026
December 28,
2024
Projected benefit obligation$26,448 $43,258 
Accumulated benefit obligation23,583 40,661 
Fair value of plan assets6,539 24,412 
Schedule of Defined Benefit Plans Disclosures
Net pension cost includes the following components (in thousands):
    
 January 3,
2026
December 28,
2024
December 30,
2023
Service cost$3,114 $3,171 $2,714 
Interest cost6,847 7,640 7,836 
Expected return on plan assets(6,209)(7,228)(7,958)
Net amortization and deferral705 1,390 1,724 
Curtailment(14)— — 
Settlement5,551 (10)(58)
Net pension cost$9,994 $4,963 $4,258 
Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year
Schedule of Assumptions Used
Weighted average assumptions used to determine benefit obligations were:
    
 January 3,
2026
December 28,
2024
December 30,
2023
Discount rate4.67%4.84%4.62%
Rate of compensation increase0.63%0.61%0.61%

Weighted average assumptions used to determine net periodic benefit cost for the employee benefit pension plans were:
        
 January 3,
2026
December 28,
2024
December 30,
2023
Discount rate4.61%3.55%4.26%
Rate of increase in future compensation levels0.81%0.57%0.57%
Expected long-term rate of return on assets5.31%5.30%5.72%
Schedule of Target Allocation of Plan Assets
Fixed Income
90% - 100%
Equities
0% - 10%
Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets
The following table presents fair value measurements for the Company’s defined benefit plans’ assets as categorized using the fair value hierarchy under FASB authoritative guidance (in thousands):
TotalQuoted Prices in
Active Markets for
Identical Assets
Significant Other
Observable
Inputs
Significant
Unobservable
Inputs
(In thousands of dollars)Fair Value(Level 1)(Level 2)(Level 3)
Balances as of December 28, 2024    
Fixed Income:    
Long Term$91,016 $91,016 $— $— 
Short Term2,905 2,905 — — 
Equity Securities:    
Domestic equities19,290 19,290 — — 
International equities17,727 17,727 — — 
Insurance contracts20,760 — 18,777 1,983 
Totals$151,698 $130,938 $18,777 $1,983 
Balances as of January 3, 2026    
Fixed Income:    
Long Term$85,192 $85,192 $— $— 
Short Term5,430 5,430 — — 
Equity Securities:    
Domestic equities3,893 3,893 — — 
International equities9,621 9,621 — — 
Insurance contracts23,604 — 21,639 1,965 
Totals$127,740 $104,136 $21,639 $1,965 
Schedule of Expected Benefit Payments
The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid (in thousands): 

Year EndingPension Benefits
2026$10,014 
202710,058 
202810,846 
202910,785 
203011,014 
Years 2031 – 203551,268 
Multiemployer plans The following table provides more detail on these significant multiemployer plans (contributions in thousands):
PensionEIN PensionPension Protection Act Zone StatusFIP/RP Status Pending/ContributionsExpiration Date of Collective Bargaining
FundPlan Number20252024Implemented202520242023Agreement
Western Conference of Teamsters Pension Plan91-6145047 / 001GreenGreenNo$1,218 $1,465 $1,443 May 2030 (b)
Central States, Southeast and Southwest Areas Pension Plan (a)36-6044243 / 001RedRedYes484 513 714 July 2028 (c)
All other multiemployer plans1,618 1,626 1,476 
Total Company Contributions$3,320 $3,604 $3,633 

(a)     As of its most recent public filing, the Central States, Southeast and Southwest Areas Pension Plan (Central States) was in the critical or red zone. In January 2023, however, the Pension Benefit Guaranty Corporation (PBGC) provided $35.8 billion in Special Financial Assistance (SFA) funds to Central States under the American Rescue Plan Act of 2021. Due to this SFA funding, Central States is still considered critical or red zone until 2051 per the PBGC even though funding status would otherwise be green.

(b)     The Company has several processing plants that participate in the Western Conference of Teamsters Pension Plan under collective bargaining agreements that require minimum funding contributions. Certain of these agreements have expired and are being negotiated while others have expiration dates through May 30, 2030.

(c)     The Company has several processing plants that participate in the Central States, Southeast and Southwest Areas Pension Plan under collective bargaining agreements that require minimum funding contributions. The agreements have expiration dates through July 1, 2028.
Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets
The fair value measurement of plan assets using significant unobservable inputs (level 3) changed due to the following:
Insurance
(in thousands of dollars)Contracts
Balance as of December 30, 2023$2,018 
Unrealized gains (losses) relating to instruments still held in the reporting period.83 
Purchases, sales, and settlements— 
Exchange rate changes(118)
Balance as of December 28, 20241,983 
Unrealized gains (losses) relating to instruments still held in the reporting period.(260)
Purchases, sales, and settlements— 
Exchange rate changes242 
Balance as of January 3, 2026$1,965 
v3.25.4
Derivatives (Tables)
12 Months Ended
Jan. 03, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments
At January 3, 2026, the Company had the following outstanding forward contract amounts that were entered into to hedge the future payments of intercompany note transactions, foreign currency transactions in currencies other than the functional currency and forecasted transactions in currencies other than the functional currency (in thousands):
Functional CurrencyContract Currency
TypeAmountTypeAmount
Brazilian real357,062 Euro52,829 
Brazilian real1,845,023 U.S. Dollar319,202 
Euro15,432 U.S. Dollar18,084 
Euro91,420 Polish zloty387,055 
Euro9,537 Japanese yen1,734,164 
Euro20,567 Chinese renminbi170,255 
Euro16,339 Australian dollar28,900 
Euro5,347 British pound4,700 
Polish zloty77,077 Euro18,214 
Polish zloty920 U.S. dollar256 
British pound198 U.S. dollar265 
Japanese yen141,745 U.S. dollar918 
U.S. dollar376 Japanese yen58,096 
Australian dollar252 U.S. dollar169 
Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location
The table below summarizes the effect of derivatives not designated as hedges on the Company’s consolidated statements of operations for the year ended January 3, 2026, December 28, 2024 and December 30, 2023 (in thousands):
Loss or (Gain) Recognized in Income on Derivatives Not Designated as Hedges
For The Year Ended
Derivatives not designated as hedging instruments
LocationJanuary 3, 2026December 28, 2024December 30, 2023
Foreign exchangeForeign currency loss/(gain)$(730)$(3,466)$(2,031)
Foreign exchangeNet sales(789)966 (1,789)
Foreign exchange
Cost of sales and operating expenses
193 (270)(294)
Foreign exchange
Selling, general and administrative expense
(21,539)16,908 (7,109)
Interest rate swapInterest Expense(961)— — 
Corn options and futuresNet sales— 652 1,945 
Corn options and futures
Cost of sales and operating expenses
(323)(1,295)(3,085)
Heating oil swaps and options
Selling, general and administrative expense
— — 49 
Soybean meal
Net sales(475)— 282 
Soybean oil
Net sales
4,190 — — 
Other Commodities
Selling, general and administrative expense
(957)— — 
Total$(21,391)$13,495 $(12,032)
v3.25.4
Fair Value Measurement (Tables)
12 Months Ended
Jan. 03, 2026
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The following tables present the Company’s financial instruments that are measured at fair value on a recurring and nonrecurring basis as of January 3, 2026 and December 28, 2024 and are categorized using the fair value hierarchy under FASB authoritative guidance.  The fair value hierarchy has three levels based on the reliability of the inputs used to determine the fair value.

  Fair Value Measurements at January 3, 2026 Using
Quoted Prices in
Active Markets for
Identical Assets
Significant Other
Observable
Inputs
Significant
Unobservable
Inputs
(In thousands of dollars)Total(Level 1)(Level 2)(Level 3)
Assets
Derivative assets$23,590 $— $23,590 $— 
Total Assets23,590 — 23,590 — 
Liabilities
Derivative liabilities2,631 — 2,631 — 
Total Liabilities$2,631 $— $2,631 $— 
  Fair Value Measurements at December 28, 2024 Using
Quoted Prices in
Active Markets for
Identical Assets
Significant Other
Observable
Inputs
Significant
Unobservable
Inputs
(In thousands of dollars)Total(Level 1)(Level 2)(Level 3)
Assets
Derivative assets$30,693 $— $30,693 $— 
Total Assets30,693 — 30,693 — 
Liabilities
Derivative liabilities41,920 — 41,920 — 
Contingent consideration28,862 — — 28,862 
Total Liabilities$70,782 $— $41,920 $28,862 
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation The changes in contingent consideration are due to the following:
(in thousands of dollars)Contingent Consideration
Balance as of December 30, 2023$86,495 
Total included in earnings during period(46,706)
Exchange rate changes(10,927)
Balance as of December 28, 202428,862 
Total included in earnings during period18,024 
Exchange rate changes5,807 
Payments(52,693)
Balance as of January 3, 2026$— 
Fair Value, by Balance Sheet Grouping
The fair value of financial instruments that are not carried at fair value are as follows:

  Fair Value Measurements at January 3, 2026 Using
Quoted Prices in
Active Markets for
Identical Assets
Significant Other
Observable
Inputs
Significant
Unobservable
Inputs
(In thousands of dollars)Total(Level 1)(Level 2)(Level 3)
Liabilities
6% Senior Notes$1,015,100 $— $1,015,100 $— 
5.25% Senior Notes499,000 — 499,000 — 
4.5% Senior Notes890,063 — 890,063 — 
Term loan A891,023 — 891,023 — 
Revolver592,133 — 592,133 — 
Total Liabilities$3,887,319 $— $3,887,319 $— 

  Fair Value Measurements at December 28, 2024 Using
Quoted Prices in
Active Markets for
Identical Assets
Significant Other
Observable
Inputs
Significant
Unobservable
Inputs
(In thousands of dollars)Total(Level 1)(Level 2)(Level 3)
Liabilities
6% Senior Notes$982,500 $— $982,500 $— 
5.25% Senior Notes490,000 — 490,000 — 
3.625% Senior Notes534,908 — 534,908 — 
Term loan A-1395,015 — 395,015 — 
Term loan A-2469,516 — 469,516 — 
Term loan A-3296,261 — 296,261 — 
Term loan A-4478,844 — 478,844 — 
Revolver264,330 — 264,330 — 
Total Liabilities$3,911,374 $— $3,911,374 $— 
v3.25.4
Business Segments (Tables)
12 Months Ended
Jan. 03, 2026
Segment Reporting [Abstract]  
Business Segment Profit/(Loss)
Business Segments (in thousands):

Feed IngredientsFood IngredientsFuel Ingredients
Corporate (a)
Total
Fiscal Year Ended January 3, 2026
Total net sales$3,990,088 $1,545,030 $600,759 $— $6,135,877 
Cost of sales and operating expenses3,066,243 1,116,978 479,198 — 4,662,419 
Gross Margin923,845 428,052 121,561 — 1,473,458 
Loss/(gain) on sale of assets879 (685)(534)— (340)
Selling, general and administrative expenses309,112 133,809 33,615 74,622 551,158 
Restructuring and asset impairment charges32,120 25,840 — — 57,960 
Depreciation and amortization348,502 117,298 36,355 6,349 508,504 
Acquisition and integration costs— — — 15,942 15,942 
Change in fair value of contingent consideration18,024 — — — 18,024 
Equity in net loss of Diamond Green Diesel— — (48,770)— (48,770)
Segment operating income/(loss)215,208 151,790 3,355 (96,913)273,440 
Equity in net income of other unconsolidated subsidiaries12,759 — — — 12,759 
Segment income/(loss)227,967 151,790 3,355 (96,913)286,199 
Total other expense (b)(225,173)
Income before income taxes$61,026 

(a)    Included in corporate activities are general corporate expenses and the amortization of intangibles. Assets of corporate activities include cash, unallocated prepaid expenses, deferred tax assets, prepaid pension, and miscellaneous other assets.

(b)    Total other expense includes interest expense, loss on early retirement of debt, foreign currency gain (loss) and other income (expense). Interest expense, loss on early retirement of debt and foreign currency gain (loss) are separately disclosed on our Statement of Operations.
Feed IngredientsFood IngredientsFuel IngredientsCorporateTotal
Fiscal Year Ended December 28, 2024
Total net sales$3,675,609 $1,489,101 $550,465 $— $5,715,175 
Cost of sales and operating expenses2,886,125 1,115,348 435,864 — 4,437,337 
Gross Margin789,484 373,753 114,601 — 1,277,838 
Gain on sale of assets(669)(1,758)(1,730)— (4,157)
Selling, general and administrative expenses279,095 119,604 32,370 61,036 492,105 
Restructuring and asset impairment charges3,671 2,123 — — 5,794 
Depreciation and amortization350,141 109,102 35,876 8,706 503,825 
Acquisition and integration costs— — — 7,842 7,842 
Change in fair value of contingent consideration(46,706)— — — (46,706)
Equity in net income of Diamond Green Diesel— — 149,082 — 149,082 
Segment operating income/(loss)203,952 144,682 197,167 (77,584)468,217 
Equity in net income of other unconsolidated subsidiaries11,994 — — — 11,994 
Segment income/(loss)215,946 144,682 197,167 (77,584)480,211 
Total other expense (c)(232,703)
Income before income taxes$247,508 

(c)    Total other expense includes interest expense, foreign currency gain (loss) and other income (expense). Interest expense and foreign currency gain (loss) are separately disclosed on our Statement of Operations.

Feed IngredientsFood IngredientsFuel IngredientsCorporateTotal
Fiscal Year Ended December 30, 2023
Total net sales$4,472,592 $1,752,065 $563,423 $— $6,788,080 
Cost of sales and operating expenses3,385,859 1,310,581 446,620 — 5,143,060 
Gross Margin1,086,733 441,484 116,803 — 1,645,020 
Loss/(gain) on sale of assets814 (8,144)(91)— (7,421)
Selling, general and administrative expenses310,363 128,464 23,543 80,164 542,534 
Restructuring and asset impairment charges4,026 14,527 — — 18,553 
Depreciation and amortization360,249 94,991 34,466 12,309 502,015 
Acquisition and integration costs— — — 13,884 13,884 
Change in fair value of contingent consideration(7,891)— — — (7,891)
Equity in net income of Diamond Green Diesel— — 366,380 — 366,380 
Segment operating income/(loss)419,172 211,646 425,265 (106,357)949,726 
Equity in net income of other unconsolidated subsidiaries5,011 — — — 5,011 
Segment income/(loss)424,183 211,646 425,265 (106,357)954,737 
Total other expense (d)(234,780)
Income before income taxes$719,957 
 
(d)    Total other expense includes interest expense, foreign currency gain (loss) and other income (expense). Interest expense and foreign currency gain (loss) are separately disclosed on our Statement of Operations.
Geographic Area Net Trade Revenues
Long-lived assets related to the Company’s operations by geography were as follows (in thousands):
        
January 3, 2026December 28, 2024
Long-Lived AssetsLong-Lived Assets
North America$5,345,444 $5,518,153 
Europe1,429,431 1,344,033 
China119,926 115,152 
South America1,831,571 1,636,246 
Other19,044 17,453 
Total$8,745,416 $8,631,037 
v3.25.4
Revenue (Tables)
12 Months Ended
Jan. 03, 2026
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
The following tables present the Company revenues disaggregated by geographic area and major product types by reportable segment for the years ended January 3, 2026, December 28, 2024 and December 30, 2023 (in thousands):

Year Ended January 3, 2026
Feed IngredientsFood IngredientsFuel IngredientsTotal
Geographic Area
North America$3,039,422 $416,203 $— $3,455,625 
Europe457,336 728,393 600,759 1,786,488 
China32,899 228,534 — 261,433 
South America445,132 125,759 — 570,891 
Other15,299 46,141 — 61,440 
Total net sales$3,990,088 $1,545,030 $600,759 $6,135,877 
Major product types
Fats$1,596,050 $183,545 $— $1,779,595 
Used cooking oil445,494 — — 445,494 
Proteins1,409,395 — — 1,409,395 
Bakery195,444 — — 195,444 
Other rendering295,700 — — 295,700 
Food ingredients— 1,253,900 — 1,253,900 
Bioenergy— — 600,759 600,759 
Other48,005 107,585 — 155,590 
Total net sales$3,990,088 $1,545,030 $600,759 $6,135,877 
Year Ended December 28, 2024
Feed IngredientsFood IngredientsFuel IngredientsTotal
Geographic Area
North America$2,847,178 $402,693 $— $3,249,871 
Europe414,839 661,756 550,465 1,627,060 
China28,409 238,059 — 266,468 
South America369,759 134,757 — 504,516 
Other15,424 51,836 — 67,260 
Total net sales$3,675,609 $1,489,101 $550,465 $5,715,175 
Major product types
Fats$1,303,828 $160,184 $— $1,464,012 
Used cooking oil351,309 — — 351,309 
Proteins1,484,581 — — 1,484,581 
Bakery190,462 — — 190,462 
Other rendering293,648 — — 293,648 
Food ingredients— 1,232,521 — 1,232,521 
Bioenergy— — 550,465 550,465 
Other51,781 96,396 — 148,177 
Total net sales$3,675,609 $1,489,101 $550,465 $5,715,175 

Year Ended December 30, 2023
Feed IngredientsFood IngredientsFuel IngredientsTotal
Geographic Area
North America$3,696,423 $469,289 $— $4,165,712 
Europe373,180 754,846 563,423 1,691,449 
China27,433 281,139 — 308,572 
South America362,657 171,425 — 534,082 
Other12,899 75,366 — 88,265 
Total net sales$4,472,592 $1,752,065 $563,423 $6,788,080 
Major product types
Fats$1,739,349 $164,730 $— $1,904,079 
Used cooking oil497,657 — — 497,657 
Proteins1,672,027 — — 1,672,027 
Bakery255,214 — — 255,214 
Other rendering243,525 — — 243,525 
Food ingredients— 1,476,875 — 1,476,875 
Bioenergy— — 563,423 563,423 
Other64,820 110,460 — 175,280 
Total net sales$4,472,592 $1,752,065 $563,423 $6,788,080 
v3.25.4
Cash Flow Information (Tables)
12 Months Ended
Jan. 03, 2026
Nonmonetary Transactions [Abstract]  
Schedule of Cash Flow, Supplemental Disclosures
The following table sets forth supplemental cash flow information and non-cash transactions (in thousands):
Twelve Months Ended
January 3, 2026December 28, 2024December 30, 2023
Supplemental disclosure of cash flow information:   
Change in accrued capital expenditures$19,886 $(19,167)$2,222 
Cash paid during the year for:   
Interest, net of capitalized interest$202,957 $243,679 $261,321 
Non-cash operating activities
          Operating lease right of use asset obtained in exchange for new lease liabilities$82,492 $73,118 $79,462 
Non-cash financing activities
Debt issued for assets$157 $362 $3,827 

The following table is a reconciliation of income tax payments made, net of refunds by the Company’s taxing jurisdictions for the fiscal year ended January 3, 2026.

Twelve Months Ended
January 3, 2026
Income tax payments (net of refunds):
United States
U.S. - Federal$(10,421)
U.S. - State and local(344)
Foreign
Belgium8,872 
Brazil38,716 
Canada - Federal7,950 
Canada - Ontario4,009 
China9,987 
Netherlands(9,820)
Poland2,989 
Other6,487 
Total foreign69,190 
Total U.S. and foreign$58,425 
v3.25.4
General - Narrative (Details)
$ in Thousands
12 Months Ended
Jan. 03, 2026
USD ($)
continent
Facility
segment
shares
Dec. 28, 2024
USD ($)
shares
Dec. 30, 2023
USD ($)
shares
Jun. 24, 2025
Jun. 09, 2022
Apr. 03, 2019
General [Line Items]            
Expected Business Combination, Number of Continents in which Entity Operates | continent 5          
Number of reportable segments | segment 3          
Investments Classified As Cash Equivalents, Original Maturity 3 months          
Financing Receivable, Sale $ 513,800 $ 560,500 $ 532,600      
Financing Receivable, Significant Sales, Transaction Fees 5,700 8,100 7,500      
Asset impairment charges 57,797 0 4,734      
Goodwill impairment 18,992          
Goodwill $ 2,459,031 2,322,593 2,484,502      
Lease, Term of Contract Not Recognized 12 months          
Stock-based compensation expense $ 21,800 20,900 33,200      
Employee service share-based compensation, tax benefit from compensation expense 2,300 2,000 2,600      
Foreign currency translation $ 296,700 $ (417,100) $ 142,700      
Senior Notes 6% Due 2030 | Senior Notes            
General [Line Items]            
Annual interest rate 6.00%       6.00%  
Senior Notes 5.25% Due 2027 | Senior Notes            
General [Line Items]            
Annual interest rate 5.25%         5.25%
Senior Notes 4.5% Due 2032 | Senior Notes            
General [Line Items]            
Annual interest rate 4.50%     4.50%    
Stock Options [Member]            
General [Line Items]            
Antidilutive securities excluded from computation of earnings per share, amount | shares 0 0 0      
Non Vested Stock [Member]            
General [Line Items]            
Antidilutive securities excluded from computation of earnings per share, amount | shares 735,531 403,615 311,919      
Feed Ingredients            
General [Line Items]            
Asset impairment charges $ 30,000   $ 2,900      
Goodwill impairment 1,967          
Goodwill 1,489,306 $ 1,437,763 1,471,322      
Food Ingredients            
General [Line Items]            
Asset impairment charges 8,600   1,800      
Goodwill impairment $ 17,025          
Impairment, Intangible Asset, Indefinite-Lived (Excluding Goodwill), Statement of Income or Comprehensive Income [Extensible Enumeration] Restructuring and asset impairment charges          
Impairment of Intangible Assets, Indefinite-Lived (Excluding Goodwill) $ 200          
Goodwill $ 842,262 $ 771,828 $ 897,537      
Minimum            
General [Line Items]            
Number of Processing and Transfer Facilities | Facility 260          
Minimum | Routes [Member]            
General [Line Items]            
Finite-Lived Intangible Assets, Useful Life 5 years          
Minimum | Customer Relationships            
General [Line Items]            
Finite-Lived Intangible Assets, Useful Life 10 years          
Minimum | Permits [Member]            
General [Line Items]            
Finite-Lived Intangible Assets, Useful Life 10 years          
Minimum | Trade Names [Member]            
General [Line Items]            
Finite-Lived Intangible Assets, Useful Life 4 years          
Minimum | Buildings and improvements [Member]            
General [Line Items]            
Property, Plant and Equipment, Useful Life 15 years          
Minimum | Machinery and equipment [Member]            
General [Line Items]            
Property, Plant and Equipment, Useful Life 3 years          
Minimum | Vehicles [Member]            
General [Line Items]            
Property, Plant and Equipment, Useful Life 3 years          
Minimum | Aircraft [Member]            
General [Line Items]            
Property, Plant and Equipment, Useful Life 7 years          
Maximum [Member] | Routes [Member]            
General [Line Items]            
Finite-Lived Intangible Assets, Useful Life 21 years          
Maximum [Member] | Customer Relationships            
General [Line Items]            
Finite-Lived Intangible Assets, Useful Life 20 years          
Maximum [Member] | Permits [Member]            
General [Line Items]            
Finite-Lived Intangible Assets, Useful Life 20 years          
Maximum [Member] | Trade Names [Member]            
General [Line Items]            
Finite-Lived Intangible Assets, Useful Life 15 years          
Maximum [Member] | Buildings and improvements [Member]            
General [Line Items]            
Property, Plant and Equipment, Useful Life 30 years          
Maximum [Member] | Machinery and equipment [Member]            
General [Line Items]            
Property, Plant and Equipment, Useful Life 10 years          
Maximum [Member] | Vehicles [Member]            
General [Line Items]            
Property, Plant and Equipment, Useful Life 8 years          
Maximum [Member] | Aircraft [Member]            
General [Line Items]            
Property, Plant and Equipment, Useful Life 10 years          
v3.25.4
General - Cash and Cash Equivalents (Details) - USD ($)
$ in Thousands
Jan. 03, 2026
Dec. 28, 2024
Dec. 30, 2023
Dec. 31, 2022
Text Block [Abstract]        
Cash and cash equivalents $ 88,671 $ 75,973    
Restricted cash 16,686 37,579    
Restricted cash included in other long-term assets 98,181 103,755    
Total cash, cash equivalents and restricted cash shown in the statement of cash flows $ 203,538 $ 217,307 $ 264,450 $ 150,168
v3.25.4
General - Earnings per Share (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
12 Months Ended
Jan. 03, 2026
Dec. 28, 2024
Dec. 30, 2023
Basic:      
Net income $ 62,804 $ 278,880 $ 647,726
Shares (in shares) 158,479 159,513 159,861
Basic (in dollars per share) $ 0.40 $ 1.75 $ 4.05
Effect of dilutive securities: [Abstract]      
Add: Option shares in the money and dilutive effect of nonvested stock (in shares) 2,746 2,932 3,314
Less: Pro-forma treasury shares (in shares) (1,068) (1,027) (788)
Diluted:      
Net Income $ 62,804 $ 278,880 $ 647,726
Shares (in shares) 160,157 161,418 162,387
Diluted (in dollars per share) $ 0.39 $ 1.73 $ 3.99
v3.25.4
Investment in Unconsolidated Subsidiary Selected Financial Information (Details) - USD ($)
$ in Thousands
12 Months Ended
Jan. 03, 2026
Dec. 28, 2024
Dec. 30, 2023
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2022
Assets:            
Total current assets $ 1,553,366 $ 1,439,436        
Property, plant and equipment, net 2,796,139 2,713,669        
Other assets 190,175 199,594        
Total assets 10,298,782 10,070,473        
LIABILITIES AND STOCKHOLDERS’ EQUITY            
Less Current Maturities 75,217 133,020        
Other noncurrent liabilities 189,454 208,350        
Total members' equity 4,809,515 4,464,292 $ 4,693,691     $ 3,896,490
Total liabilities and member's equity 10,298,782 10,070,473        
Revenues:            
Operating revenues 6,135,877 5,715,175 6,788,080      
Expenses:            
Cost of sales and operating expenses 4,662,419 4,437,337 5,143,060      
Operating income/(loss) 5,813,667 5,396,040 6,204,734      
Income before income taxes 61,026 247,508 719,957      
Income tax expense/(benefit) (9,359) (38,337) 59,568      
Net income 70,385 285,845 660,389      
Equity Method Investment, Nonconsolidated Investee or Group of Investees [Member]            
Assets:            
Total current assets       $ 1,199,194 $ 1,137,821  
Property, plant and equipment, net       3,702,254 3,868,943  
Other assets       139,765 100,307  
Total assets       5,236,978 5,460,517  
LIABILITIES AND STOCKHOLDERS’ EQUITY            
Less Current Maturities       29,487 29,809  
Total other current liabilities       332,256 319,688  
Total long term debt       677,671 707,158  
Other noncurrent liabilities       17,748 17,195  
Total members' equity       4,179,816 4,386,667  
Total liabilities and member's equity       5,236,978 5,460,517  
Revenues:            
Operating revenues 4,596,830 5,065,592 6,990,622      
Expenses:            
Cost of sales and operating expenses 4,500,398 4,309,768 5,925,778      
Lower of cost or market (LCM) inventory valuation adjustment (140,085) 175,934 60,871      
Depreciation, amortization and accretion expense 266,887 264,992 230,921      
Operating income/(loss) (30,370) 314,898 773,052      
Other income 9,321 22,114 10,317      
Interest and debt expense, net (46,340) (38,673) (49,857)      
Income before income taxes (67,389) 298,339 733,512      
Income tax expense/(benefit) 1,066 175 752      
Net income $ (68,455) $ 298,164 $ 732,760      
Diamond Green Diesel Holdings LLC Joint Venture [Member]            
Expenses:            
Cash       195,765 353,446  
Line of Credit, Current       $ 0 $ 0  
v3.25.4
Investment in Unconsolidated Subsidiary (Details) - USD ($)
$ in Thousands
12 Months Ended
Jan. 03, 2026
Dec. 28, 2024
Dec. 30, 2023
Jan. 21, 2011
Schedule of Equity Method Investments [Line Items]        
Investment in the joint venture $ 2,206,827 $ 2,263,709    
Gain from equity method investments 12,759 11,994 $ 5,011  
Proceeds from Equity Method Investment, Dividends or Distributions, Return of Capital 371,767 184,915 168,277  
Payments to Acquire Equity Method Investments 328,228 90,000 75,000  
Diamond Green Diesel Holdings LLC Joint Venture [Member]        
Schedule of Equity Method Investments [Line Items]        
Equity Method Investment, Ownership Percentage       50.00%
Investment in the joint venture 2,100,000      
Gain from equity method investments (48,800) 149,100 366,400  
Income Tax Credits and Adjustments 600,000 1,300,000 1,200,000  
Proceeds from Equity Method Investment, Dividends or Distributions, Return of Capital $ 367,700 $ 179,800 $ 163,600  
Valero Energy Corporation [Member] | Diamond Green Diesel Holdings LLC Joint Venture [Member]        
Schedule of Equity Method Investments [Line Items]        
Equity Method Investment, Ownership Percentage       50.00%
v3.25.4
Acquisitions Narrative (Details)
$ in Thousands, € in Millions, R$ in Millions
3 Months Ended 12 Months Ended
Dec. 08, 2025
BRL (R$)
Jan. 31, 2024
USD ($)
Jan. 31, 2024
EUR (€)
Mar. 31, 2023
USD ($)
agreement
Mar. 31, 2023
BRL (R$)
Sep. 28, 2024
USD ($)
Mar. 30, 2024
USD ($)
Sep. 30, 2023
USD ($)
Jan. 03, 2026
USD ($)
Dec. 28, 2024
USD ($)
Dec. 30, 2023
USD ($)
Dec. 10, 2025
Business Combination [Line Items]                        
Goodwill, Measurement Period Adjustment                   $ (9,147)    
Goodwill                 $ 2,459,031 2,322,593 $ 2,484,502  
Total net sales                 6,135,877 5,715,175 6,788,080  
Net income                 62,804 278,880 647,726  
Business Combination, Acquisition-Related Cost, Expense                 15,900 7,800 13,900  
NewCo                        
Business Combination [Line Items]                        
Subsidiary, Ownership Percentage, Parent                       85.00%
NewCo | Tessenderlo Group NV                        
Business Combination [Line Items]                        
Subsidiary, Ownership Percentage, Noncontrolling Owner                       15.00%
Senior Secured Facilities [Member] | Term A-3 Facility                        
Business Combination [Line Items]                        
Long-term Line of Credit       $ 300,000                
Senior Secured Facilities [Member] | Term A-4 Facility                        
Business Combination [Line Items]                        
Long-term Line of Credit       500,000                
gelnex                        
Business Combination [Line Items]                        
Business Combination, Price of Acquisition, Expected       1,200,000                
Assumed debt       44,692                
Payments to Acquire Businesses, Gross       1,100,000                
Business Combination, Consideration Transferred       $ 853,300 R$ 4,300.0              
Foreign Currency Exchange Rate       5.08                
Payments to Acquire Businesses, Partial Payment       $ 243,500                
Business Combination, Consideration Transferred, Liabilities Incurred       104,145                
Business Combination, Purchase Price Adjustments               $ 14,100        
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Property, Plant, and Equipment             $ 13,700          
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Intangibles             9,500          
Goodwill, Measurement Period Adjustment             9,100          
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Deferred Tax Liabilities             5,100          
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Deferred Tax Assets             8,100          
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Other Assets (Liabilities)             $ 100          
Goodwill       542,572                
Business Combination, Goodwill, Expected Tax Deductible, Amount       $ 425,000                
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life       11 years 3 months 18 days 11 years 3 months 18 days              
Business Combination, Recognized Asset Acquired, Property, Plant, and Equipment       $ 169,205                
Business Combination, Recognized Liability Assumed, Other Liability, Noncurrent       (19)                
gelnex | Customer Relationships                        
Business Combination [Line Items]                        
Business Combination, Recognized Asset Acquired, Identifiable Intangible Asset, Finite-Lived       $ 331,000                
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life       11 years 4 months 24 days 11 years 4 months 24 days              
gelnex | Trade Names [Member]                        
Business Combination [Line Items]                        
Business Combination, Recognized Asset Acquired, Identifiable Intangible Asset, Finite-Lived       $ 8,500                
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life       5 years 5 years              
Miropasz                        
Business Combination [Line Items]                        
Payments to Acquire Businesses, Gross   $ 114,300 € 105.6                  
Foreign Currency Exchange Rate   1.082198                    
Business Combination, Consideration Transferred, Liabilities Incurred   $ 7,600 € 7.0                  
Goodwill   62,800                    
Business Combination, Recognized Asset Acquired, Identifiable Intangible Asset, Finite-Lived   $ 34,900                    
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life   17 years 17 years                  
Business Combination, Recognized Asset Acquired, Property, Plant, and Equipment   $ 21,200                    
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Consideration Transferred           $ 200            
Business Combination, Recognized Indefinable Assets Acquired and Liabilities Assumed, Other Net Assets   $ 2,800                    
Bovinos                        
Business Combination [Line Items]                        
Business Combination, Price of Acquisition, Expected | R$ R$ 620.0                      
Assumed debt                 $ 114,000      
Foreign Currency Exchange Rate                 5.44      
Bovinos | Secured Debt [Member]                        
Business Combination [Line Items]                        
Assumed debt | R$ R$ 60.0                      
South America                        
Business Combination [Line Items]                        
Total net sales                 $ 570,891 $ 504,516 $ 534,082  
South America | gelnex                        
Business Combination [Line Items]                        
Business Combination, Number of Facilities Acquired | agreement       5                
UNITED STATES | gelnex                        
Business Combination [Line Items]                        
Business Combination, Number of Facilities Acquired | agreement       1                
v3.25.4
Acquisitions Fair Value of Acquired Assets and Liabilities (Details)
$ in Thousands
12 Months Ended
Mar. 31, 2023
USD ($)
Jan. 03, 2026
USD ($)
Dec. 28, 2024
USD ($)
Dec. 30, 2023
USD ($)
Business Combination [Line Items]        
Goodwill   $ 2,459,031 $ 2,322,593 $ 2,484,502
Payments to Acquire Businesses, Net of Cash Acquired   $ 0 116,712 $ 1,093,183
Contingent consideration     $ 28,862  
gelnex        
Business Combination [Line Items]        
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Accounts Receivable $ 81,025      
Business Combination, Recognized Asset Acquired, Inventory, Current 140,865      
Business Combination, Recognized Asset Acquired, Other Asset, Current 3,143      
Business Combination, Recognized Asset Acquired, Property, Plant, and Equipment 169,205      
Business Combination, Recognized Asset Acquired, Identifiable Intangible Asset, Excluding Goodwill 339,500      
Goodwill 542,572      
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Operating Lease Right-of-Use-Asset 134      
Business Combination, Recognized Asset Acquired, Other Asset, Noncurrent 2,703      
Business Combination, Recognized Asset Acquired, Deferred Tax Asset 9,067      
Business Combination, Recognized Liability Assumed, Accounts Payable, Current (15,059)      
Business Combination, Recognized Liability Assumed, Long-Term Debt, Current (44,692)      
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Operating Lease Liability, Current (26)      
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Accrued Liabilities, Current (18,826)      
Business Combination, Recognized Liability Assumed, Long-Term Debt, Noncurrent (1,407)      
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Operating Lease Liability, Noncurrent (123)      
Business Combination, Recognized Liability Assumed, Deferred Tax Liability (12,870)      
Business Combination, Recognized Liability Assumed, Other Liability, Noncurrent (19)      
Business Combination, Recognized Asset Acquired to Liability Assumed, Excess (Less), and Goodwill 1,195,192      
Business Combination, Consideration Transferred, Liabilities Incurred 104,145      
Payments to Acquire Businesses, Net of Cash Acquired $ 1,091,047      
Foreign Currency Exchange Rate 5.08      
v3.25.4
Acquisitions Pro Forma (Details) - Valley Proteins, FASA Group and Gelnex
$ in Thousands
12 Months Ended
Dec. 30, 2023
USD ($)
Business Combination [Line Items]  
Business Combination, Pro Forma Information, Pro Forma Revenue $ 6,886,347
Business Combination, Pro Forma Information, Pro Forma Income (Loss), after Tax $ 663,168
v3.25.4
Inventories (Details) - USD ($)
$ in Thousands
Jan. 03, 2026
Dec. 28, 2024
Inventory Disclosure [Abstract]    
Finished product $ 295,670 $ 335,116
Work in process 78,458 92,762
Inventory, Raw Materials, Net of Reserves 45,084 38,117
Supplies and other 108,526 110,842
Inventories $ 527,738 $ 576,837
v3.25.4
Assets Held For Sale (Details) - USD ($)
$ in Thousands
Jan. 03, 2026
Dec. 28, 2024
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]    
Total assets held for sale $ 143,479 $ 0
Liabilities to be disposed of 25,085 $ 0
Disposal Group, Held-for-Sale, Not Discontinued Operations    
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]    
Accounts receivable, net 26,493  
Inventories 64,683  
Other current assets 4,381  
Property plant and equipment, net 24,377  
Goodwill 20,293  
Other assets 7,469  
Total assets 147,696  
Valuation allowance (4,217)  
Total assets held for sale 143,479  
Accounts payable, principally trade 4,152  
Accrued expenses 11,635  
Other current liabilities 1,143  
Other noncurrent liabilities 8,155  
Liabilities to be disposed of 25,085  
Net assets held for sale $ 118,394  
v3.25.4
Assets Held For Sale - Narrative (Details) - USD ($)
$ in Thousands
12 Months Ended
Jan. 03, 2026
Dec. 28, 2024
Dec. 30, 2023
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]      
Asset impairment charges $ 57,797 $ 0 $ 4,734
Goodwill impairment 18,992    
Disposal Group, Held-for-Sale, Not Discontinued Operations      
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]      
Asset impairment charges $ 28,200    
Goodwill, Impairment Loss, Statement of Income or Comprehensive Income [Extensible Enumeration] Restructuring and asset impairment charges    
Goodwill impairment $ 19,000    
Intangible asset impairment 4,600    
Other asset impairment charges 400    
Valuation allowance $ 4,217    
v3.25.4
Property, Plant and Equipment (Details) - USD ($)
$ in Thousands
12 Months Ended
Jan. 03, 2026
Dec. 28, 2024
Dec. 30, 2023
Property, Plant and Equipment [Line Items]      
Property, plant and equipment, gross $ 5,787,751 $ 5,293,439  
Accumulated depreciation (2,991,612) (2,579,770)  
Property, plant and equipment, net 2,796,139 2,713,669  
Depreciation 403,500 391,600 $ 377,200
Land [Member]      
Property, Plant and Equipment [Line Items]      
Property, plant and equipment, gross 212,229 203,511  
Buildings and improvements [Member]      
Property, Plant and Equipment [Line Items]      
Property, plant and equipment, gross 1,087,611 1,023,697  
Machinery and equipment [Member]      
Property, Plant and Equipment [Line Items]      
Property, plant and equipment, gross 3,468,796 3,097,409  
Vehicles [Member]      
Property, Plant and Equipment [Line Items]      
Property, plant and equipment, gross 534,113 517,858  
Aircraft [Member]      
Property, Plant and Equipment [Line Items]      
Property, plant and equipment, gross 10,313 10,313  
Construction in Progress [Member]      
Property, Plant and Equipment [Line Items]      
Property, plant and equipment, gross $ 474,689 $ 440,651  
v3.25.4
Intangbile assets (Details) - USD ($)
$ in Thousands
Jan. 03, 2026
Dec. 28, 2024
Intangible Assets [Line Items]    
Indefinite Lived Intangible Assets $ 52,251 $ 51,050
Finite Lived Intangible Assets: 1,420,474 1,414,497
Accumulated Amortization: (627,722) (567,135)
Total Intangible assets, less accumulated amortization 845,003 898,412
Trade Names [Member]    
Intangible Assets [Line Items]    
Indefinite Lived Intangible Assets 52,251 51,050
Routes [Member]    
Intangible Assets [Line Items]    
Finite Lived Intangible Assets: 739,833 714,801
Accumulated Amortization: (311,198) (254,164)
Permits [Member]    
Intangible Assets [Line Items]    
Finite Lived Intangible Assets: 325,663 316,038
Accumulated Amortization: (217,728) (189,500)
Trade Names [Member]    
Intangible Assets [Line Items]    
Finite Lived Intangible Assets: 19,205 82,401
Accumulated Amortization: (11,932) (72,549)
Royalty, consulting land use and leasehold [Member]    
Intangible Assets [Line Items]    
Finite Lived Intangible Assets: 20,121 22,337
Accumulated Amortization: (7,549) (6,446)
Customer Relationships    
Intangible Assets [Line Items]    
Finite Lived Intangible Assets: 315,652 278,920
Accumulated Amortization: $ (79,315) $ (44,476)
v3.25.4
Intangbile assets Textuals (Details) - USD ($)
$ in Millions
12 Months Ended
Jan. 03, 2026
Dec. 28, 2024
Dec. 30, 2023
Finite-Lived Intangible Assets [Line Items]      
Finite-Lived Intangible Assets, Period Increase (Decrease) $ (82.9)    
Amortization of Intangible Assets 105.0 $ 112.2 $ 124.8
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months 104.2    
Finite-Lived Intangible Assets, Amortization Expense, Year Two 104.0    
Finite-Lived Intangible Assets, Amortization Expense, Year Three 94.4    
Finite-Lived Intangible Assets, Amortization Expense, Year Four 95.8    
Finite-Lived Intangible Assets, Amortization Expense, Year Five $ 92.3    
v3.25.4
Goodwill (Details) - USD ($)
$ in Thousands
12 Months Ended
Jan. 03, 2026
Dec. 28, 2024
Goodwill [Roll Forward]    
Goodwill at beginning of year $ 2,373,257 $ 2,535,166
Accumulated impairment losses (50,664) (50,664)
Goodwill at beginning of year 2,322,593 2,484,502
Goodwill acquired during year   66,916
Goodwill, Impairment Loss (18,992)  
Goodwill classified as assets held for sale (20,293)  
Foreign currency translation 175,723 (219,678)
Goodwill at end of year 2,528,687 2,373,257
Accumulated impairment losses at end of year (69,656) (50,664)
Goodwill at end of year 2,459,031 2,322,593
Goodwill, Measurement Period Adjustment   (9,147)
Feed Ingredients    
Goodwill [Roll Forward]    
Goodwill at beginning of year 1,453,677 1,487,236
Accumulated impairment losses (15,914) (15,914)
Goodwill at beginning of year 1,437,763 1,471,322
Goodwill acquired during year   62,802
Goodwill, Impairment Loss (1,967)  
Goodwill classified as assets held for sale (20,293)  
Foreign currency translation 73,803 (96,361)
Goodwill at end of year 1,507,187 1,453,677
Accumulated impairment losses at end of year (17,881) (15,914)
Goodwill at end of year 1,489,306 1,437,763
Goodwill, Measurement Period Adjustment   0
Food Ingredients    
Goodwill [Roll Forward]    
Goodwill at beginning of year 774,998 900,707
Accumulated impairment losses (3,170) (3,170)
Goodwill at beginning of year 771,828 897,537
Goodwill acquired during year   0
Goodwill, Impairment Loss (17,025)  
Goodwill classified as assets held for sale 0  
Foreign currency translation 87,459 (116,562)
Goodwill at end of year 862,457 774,998
Accumulated impairment losses at end of year (20,195) (3,170)
Goodwill at end of year 842,262 771,828
Goodwill, Measurement Period Adjustment   (9,147)
Fuel Ingredients    
Goodwill [Roll Forward]    
Goodwill at beginning of year 144,582 147,223
Accumulated impairment losses (31,580) (31,580)
Goodwill at beginning of year 113,002 115,643
Goodwill acquired during year   4,114
Goodwill, Impairment Loss 0  
Goodwill classified as assets held for sale 0  
Foreign currency translation 14,461 (6,755)
Goodwill at end of year 159,043 144,582
Accumulated impairment losses at end of year (31,580) (31,580)
Goodwill at end of year $ 127,463 113,002
Goodwill, Measurement Period Adjustment   $ 0
v3.25.4
Accrued Expenses (Details) - USD ($)
$ in Thousands
Jan. 03, 2026
Dec. 28, 2024
ACCRUED EXPENSES [Abstract]    
Compensation and benefits $ 170,312 $ 139,011
Accrued operating expenses 87,055 73,239
Business Combination, Holdback 17,500 38,620
Business Combination, Contingent Consideration, Liability, Current 0 28,862
Other accrued expenses 210,631 209,563
Accrued expenses $ 485,498 $ 489,295
v3.25.4
- Components of Lease Expense (Details) - USD ($)
$ in Thousands
12 Months Ended
Jan. 03, 2026
Dec. 28, 2024
Dec. 30, 2023
Leases [Abstract]      
Operating lease cost $ 70,452 $ 64,848 $ 56,078
Short-term Lease, Cost 34,434 36,363 36,762
Total lease costs $ 104,886 $ 101,211 $ 92,840
v3.25.4
- Other Information (Details) - USD ($)
$ in Thousands
12 Months Ended
Jan. 03, 2026
Dec. 28, 2024
Dec. 30, 2023
Leases [Abstract]      
Operating cash flows from operating leases $ 71,792 $ 65,840 $ 58,924
Operating right-of-use assets, net 223,705 210,692  
Operating lease liability, current 61,745 62,761  
Operating lease liability, non-current 162,362 152,327  
Lease obligations included in current and long-term liabilities $ 224,107 $ 215,088  
Weighted average remaining lease term - operating leases 5 years 4 months 2 days 5 years 8 months 26 days  
Weighted average discount rate - operating leases 5.03% 4.87%  
Contingent consideration   $ 28,862  
v3.25.4
- Maturities of Operating and Financing Lease Liabilities (Details)
$ in Thousands, € in Millions
Jan. 03, 2026
USD ($)
Jan. 03, 2026
EUR (€)
Dec. 28, 2024
USD ($)
Operating Leases      
2026 $ 68,437    
2027 59,327    
2028 47,371    
2029 34,512    
2030 15,403    
Thereafter 25,305    
Operating lease, obligations 250,355    
Less amounts representing interest (26,248)    
Lease obligations included in current and long-term liabilities 224,107   $ 215,088
Finance Leases      
2026 2,074    
2027 1,756    
2028 1,278    
2029 875    
2030 1    
Thereafter 0    
Finance lease, obligations 5,984    
Less amounts representing interest (195)    
Lease obligations included in current and long-term liabilities $ 5,789 € 4.2  
Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration] Long-term debt, net of current portion Long-term debt, net of current portion  
v3.25.4
Debt Schedule of Long Term Debt (Details)
$ in Thousands, € in Millions
Jan. 03, 2026
USD ($)
Jan. 03, 2026
EUR (€)
Jun. 24, 2025
Dec. 28, 2024
USD ($)
Mar. 31, 2023
USD ($)
Jun. 09, 2022
Apr. 03, 2019
May 02, 2018
Debt Instrument [Line Items]                
Debt and capital lease obligations $ 3,937,460     $ 4,041,998        
Less Current Maturities 75,217     133,020        
Long-term debt, net of current portion 3,862,243     3,908,978        
Line of Credit | Senior Secured Facilities [Member] | Revolving Credit Facility                
Debt Instrument [Line Items]                
Long-term Debt 601,150     267,000        
Line of Credit | Senior Secured Facilities [Member] | Revolving Credit Facility | Euro Member Countries, Euro                
Debt Instrument [Line Items]                
Long-term Line of Credit 162,200 € 138.0   0        
Term A Facility | Senior Secured Facilities [Member]                
Debt Instrument [Line Items]                
Long-term Debt 891,654     0        
Long-term Debt, Gross 895,500     0        
Unamortized Debt Issuance Expense (3,846)     0        
Term A-1 Facility | Senior Secured Facilities [Member]                
Debt Instrument [Line Items]                
Long-term Debt 0     396,634        
Long-term Debt, Gross 0     397,000        
Unamortized Debt Issuance Expense 0     (366)        
Term A-2 Facility | Senior Secured Facilities [Member]                
Debt Instrument [Line Items]                
Long-term Debt 0     471,366        
Long-term Debt, Gross 0     471,875        
Unamortized Debt Issuance Expense 0     (509)        
Term A-3 Facility | Senior Secured Facilities [Member]                
Debt Instrument [Line Items]                
Long-term Line of Credit         $ 300,000      
Long-term Debt 0     297,190        
Long-term Debt, Gross 0     297,750        
Unamortized Debt Issuance Expense 0     (560)        
Term A-4 Facility | Senior Secured Facilities [Member]                
Debt Instrument [Line Items]                
Long-term Line of Credit         $ 500,000      
Long-term Debt 0     480,586        
Long-term Debt, Gross 0     481,250        
Unamortized Debt Issuance Expense $ 0     (664)        
Senior Notes | Senior Notes 5.25% Due 2027                
Debt Instrument [Line Items]                
Debt Instrument, Interest Rate, Effective Percentage 5.47% 5.47%            
Long-term Debt $ 498,655     497,678        
Long-term Debt, Gross 500,000     500,000        
Unamortized Debt Issuance Expense $ (1,345)     (2,322)        
Annual interest rate 5.25% 5.25%         5.25%  
Senior Notes | Senior Notes 3.625% Due 2026                
Debt Instrument [Line Items]                
Debt Instrument, Interest Rate, Effective Percentage 3.83% 3.83%            
Long-term Debt $ 0     535,191        
Long-term Debt, Gross 0     536,733        
Unamortized Debt Issuance Expense $ 0     (1,542)        
Annual interest rate 3.625% 3.625%           3.625%
Senior Notes | Senior Notes 6% Due 2030                
Debt Instrument [Line Items]                
Debt Instrument, Interest Rate, Effective Percentage 6.12% 6.12%            
Long-term Debt $ 995,275     994,395        
Long-term Debt, Gross 1,000,000     1,000,000        
Less unamortized deferred loan costs net of bond premiums $ (4,725)     (5,605)        
Annual interest rate 6.00% 6.00%       6.00%    
Senior Notes | Senior Notes 4.5% Due 2032                
Debt Instrument [Line Items]                
Long-term Line of Credit | €   € 750.0            
Debt Instrument, Interest Rate, Effective Percentage 4.70% 4.70%            
Long-term Debt $ 871,469     0        
Long-term Debt, Gross 881,250     0        
Unamortized Debt Issuance Expense $ (9,781)     0        
Annual interest rate 4.50% 4.50% 4.50%          
Other Notes and Obligations [Member]                
Debt Instrument [Line Items]                
Long-term Debt $ 79,257     $ 101,958        
Other Notes and Obligations [Member] | Other Debt Obligations [Member]                
Debt Instrument [Line Items]                
Long-term Debt $ 5,800              
v3.25.4
Debt - Narrative (Details)
€ in Millions
12 Months Ended
Aug. 17, 2022
USD ($)
Jan. 03, 2026
USD ($)
Jan. 03, 2026
EUR (€)
Jun. 24, 2025
Dec. 28, 2024
USD ($)
Jun. 09, 2022
USD ($)
Apr. 03, 2019
USD ($)
May 02, 2018
Debt Instrument [Line Items]                
Finance Lease, Liability   $ 5,789,000 € 4.2          
Other Notes and Obligations [Member]                
Debt Instrument [Line Items]                
Long-term Debt   $ 79,257,000     $ 101,958,000      
Senior Secured Facilities [Member]                
Debt Instrument [Line Items]                
Line of credit facility, term   5 years            
Senior Secured Facilities [Member] | Secured Debt [Member]                
Debt Instrument [Line Items]                
Line of Credit Facility, Maximum Borrowing Capacity   $ 2,900,000,000            
Senior Secured Facilities [Member] | Term A-1 Facility                
Debt Instrument [Line Items]                
Long-term Debt   $ 0     396,634,000      
Senior Notes 4.5% Due 2032 | Senior Notes                
Debt Instrument [Line Items]                
Long-term Line of Credit | €     € 750.0          
Annual interest rate   4.50% 4.50% 4.50%        
Long-term Debt   $ 871,469,000     0      
Debt Issuance Costs, Net   $ 10,300,000            
Debt Instrument, Redemption Price, Percentage   100.00%            
Bank Overdrafts [Member] | Other Notes and Obligations [Member]                
Debt Instrument [Line Items]                
Long-term Debt   $ 52,600,000            
Other Debt Obligations [Member] | Other Notes and Obligations [Member]                
Debt Instrument [Line Items]                
Long-term Debt   5,800,000            
US Finance Lease Obligations                
Debt Instrument [Line Items]                
Finance Lease, Liability   $ 900,000            
Senior Notes 3.625% Due 2026 | Senior Notes                
Debt Instrument [Line Items]                
Annual interest rate   3.625% 3.625%         3.625%
Long-term Debt   $ 0     535,191,000      
Senior Notes 6% Due 2030 | Senior Notes                
Debt Instrument [Line Items]                
Annual interest rate   6.00% 6.00%     6.00%    
Long-term Debt   $ 995,275,000     994,395,000      
Face amount of debt insturment $ 250,000,000.0 $ 1,000,000,000.0       $ 750,000,000.0    
Debt Instrument, Redemption Price, Percentage   100.00%            
Proceeds from Issuance of Senior Long-Term Debt 255,000,000.0              
Debt Instrument, Unamortized Premium $ 5,000,000.0              
Senior Notes 5.25% Due 2027 | Senior Notes                
Debt Instrument [Line Items]                
Annual interest rate   5.25% 5.25%       5.25%  
Long-term Debt   $ 498,655,000     497,678,000      
Face amount of debt insturment             $ 500,000,000.0  
Revolving Credit Facility | Senior Secured Facilities [Member]                
Debt Instrument [Line Items]                
Line of Credit Facility, Maximum Borrowing Capacity   2,000,000,000.0            
Line of Credit Facility, Remaining Borrowing Capacity   1,300,000,000            
Debt Issuance Costs, Net   8,000,000.0            
Revolving Credit Facility | Senior Secured Facilities [Member] | Line of Credit                
Debt Instrument [Line Items]                
Long-term Debt   601,150,000     267,000,000      
Foreign Line of Credit [Member] | Other Notes and Obligations [Member]                
Debt Instrument [Line Items]                
Long-term Line of Credit   14,300,000            
Foreign Line of Credit [Member] | Senior Secured Facilities [Member]                
Debt Instrument [Line Items]                
Long-term Line of Credit   12,500,000            
Term A Facility | Senior Secured Facilities [Member]                
Debt Instrument [Line Items]                
Face amount of debt insturment   $ 900,000,000.0            
Debt Instrument, Term   6 years            
Term A-1 Facility | Senior Secured Facilities [Member]                
Debt Instrument [Line Items]                
Face amount of debt insturment   $ 395,000,000.0            
Term A-3 Facility | Senior Secured Facilities [Member]                
Debt Instrument [Line Items]                
Face amount of debt insturment   296,300,000            
Letter of Credit [Member] | Senior Secured Facilities [Member]                
Debt Instrument [Line Items]                
Long-term Line of Credit   800,000            
Line of Credit Facility, Maximum Borrowing Capacity   50,000,000.0            
Line of Credit Facility, Accordion Feature, Increase Limit   150,000,000.0            
Swingline Sub-Facility [Member] | Senior Secured Facilities [Member]                
Debt Instrument [Line Items]                
Line of Credit Facility, Maximum Borrowing Capacity   $ 50,000,000.0            
Secured Debt [Member] | Senior Secured Facilities [Member] | Base Rate [Member]                
Debt Instrument [Line Items]                
Debt instrument, basis spread on variable rate   0.50%            
Line of credit facility, interest rate at period end   7.25% 7.25%          
Secured Debt [Member] | Senior Secured Facilities [Member] | Secured Overnight Financing Rate (SOFR)                
Debt Instrument [Line Items]                
Debt instrument, basis spread on variable rate   1.50%            
Line of credit facility, interest rate at period end   5.22141% 5.22141%          
Secured Debt [Member] | Senior Secured Facilities [Member] | EURIBOR                
Debt Instrument [Line Items]                
Debt instrument, basis spread on variable rate   1.50%            
Line of credit facility, interest rate at period end   3.43001% 3.43001%          
Secured Debt [Member] | Senior Secured Facilities [Member] | Secured Debt [Member]                
Debt Instrument [Line Items]                
Debt instrument, basis spread on variable rate   1.50%            
Secured Debt [Member] | Senior Secured Facilities [Member] | Secured Debt [Member] | Base Rate [Member]                
Debt Instrument [Line Items]                
Debt instrument, basis spread on variable rate   0.50%            
Secured Debt [Member] | Term A-1 Facility | Secured Overnight Financing Rate (SOFR)                
Debt Instrument [Line Items]                
Debt instrument, basis spread on variable rate   1.75%            
Line of credit facility, interest rate at period end   5.47141% 5.47141%          
Ancillary Facilities | Senior Secured Facilities [Member]                
Debt Instrument [Line Items]                
Long-term Line of Credit   $ 73,600,000            
Euro Member Countries, Euro | Revolving Credit Facility | Senior Secured Facilities [Member] | Secured Overnight Financing Rate (SOFR)                
Debt Instrument [Line Items]                
Long-term Line of Credit | €     € 138.0          
Euro Member Countries, Euro | Revolving Credit Facility | Senior Secured Facilities [Member] | Line of Credit                
Debt Instrument [Line Items]                
Long-term Line of Credit   162,200,000 € 138.0   $ 0      
Brazil, Brazil Real | Other Debt Obligations [Member] | Other Notes and Obligations [Member]                
Debt Instrument [Line Items]                
Long-term Debt   6,600,000            
United States of America, Dollars | Senior Secured Facilities [Member] | Term A-1 Facility | Secured Overnight Financing Rate (SOFR)                
Debt Instrument [Line Items]                
Long-term Line of Credit   895,500,000            
United States of America, Dollars | Revolving Credit Facility | Senior Secured Facilities [Member] | Base Rate [Member]                
Debt Instrument [Line Items]                
Long-term Line of Credit   4,000,000.0            
United States of America, Dollars | Revolving Credit Facility | Senior Secured Facilities [Member] | Secured Overnight Financing Rate (SOFR)                
Debt Instrument [Line Items]                
Long-term Line of Credit   $ 435,000,000.0            
United States of America, Dollars | Term A Facility | Senior Secured Facilities [Member] | Secured Debt [Member] | Base Rate [Member]                
Debt Instrument [Line Items]                
Debt instrument, basis spread on variable rate   0.75%            
United States of America, Dollars | Term A Facility | Senior Secured Facilities [Member] | Secured Debt [Member] | Base Rate [Member] | Minimum                
Debt Instrument [Line Items]                
Debt instrument, basis spread on variable rate   0.50%            
United States of America, Dollars | Term A Facility | Senior Secured Facilities [Member] | Secured Debt [Member] | Secured Overnight Financing Rate (SOFR)                
Debt Instrument [Line Items]                
Debt instrument, basis spread on variable rate   1.75%            
United States of America, Dollars | Term A Facility | Senior Secured Facilities [Member] | Secured Debt [Member] | Secured Overnight Financing Rate (SOFR) | Minimum                
Debt Instrument [Line Items]                
Debt instrument, basis spread on variable rate   1.50%            
v3.25.4
Debt - Debt Maturities (Details)
$ in Thousands
Jan. 03, 2026
USD ($)
Debt Disclosure [Abstract]  
2026 $ 75,867
2027 512,762
2028 10,005
2029 11,895
2030 1,612,177
Thereafter 1,734,451
Long-term Debt $ 3,957,157
v3.25.4
Other Noncurrent Liabilities (Details) - USD ($)
$ in Thousands
Jan. 03, 2026
Dec. 28, 2024
OTHER NONCURRENT LIABILITIES [Abstract]    
Accrued pension liability less amounts included in liabilities to be disposed of (Note 5 and Note 16) $ 17,015 $ 17,676
Reserve for self-insurance, litigation, environmental and tax matters (Note 21) 68,795 80,757
Long-term acquisition hold backs 98,461 104,684
Other 5,183 5,233
Total other noncurrent liabilities $ 189,454 $ 208,350
v3.25.4
Income Taxes - Income From Operations Before Income Taxes (Details) - USD ($)
$ in Thousands
12 Months Ended
Jan. 03, 2026
Dec. 28, 2024
Dec. 30, 2023
Income Tax Disclosure [Abstract]      
United States $ (165,040) $ (17,062) $ 399,378
Foreign 226,066 264,570 320,579
Income before income taxes $ 61,026 $ 247,508 $ 719,957
v3.25.4
Income Taxes - Expense Benefit (Details) - USD ($)
$ in Thousands
12 Months Ended
Jan. 03, 2026
Dec. 28, 2024
Dec. 30, 2023
Current:      
Federal $ (213) $ 287 $ 1,574
State 1,875 1,956 1,336
Foreign 92,154 81,704 104,997
Total current 93,816 83,947 107,907
Deferred:      
Federal (86,252) (121,872) (22,868)
State (5,846) (1,643) (28,511)
Foreign (11,077) 1,231 3,040
Total deferred (103,175) (122,284) (48,339)
Income Tax Expense (Benefit) $ (9,359) $ (38,337) $ 59,568
v3.25.4
Income Taxes - Current Year Reconciliation (Details) - USD ($)
$ in Thousands
12 Months Ended
Jan. 03, 2026
Dec. 28, 2024
Dec. 30, 2023
Amount      
U.S. federal statutory tax rate $ 12,816 $ 51,977 $ 151,191
State income taxes, net of federal benefit (3,640) (9,786) (20,868)
Foreign rate differential   13,817 16,607
Withholding taxes   (4,063) (4,696)
Changes in valuation allowance   50,231 27,713
Other   (1,690) 2,482
Effects of cross – border tax laws 953    
Biofuel tax incentives (59,625)    
Other (153)    
Nondeductible compensation expenses 2,843    
Other 2,705    
Changes in unrecognized tax benefits (285)    
Income Tax Expense (Benefit) $ (9,359) $ (38,337) $ 59,568
Percent      
U.S. federal statutory tax rate 21.00%    
State and local income taxes, net of federal effect (6.00%)    
Effects of cross – border tax laws 1.60%    
Biofuel tax incentives (97.70%)    
Other (0.20%)    
Nondeductible compensation expenses 4.70%    
Other 4.40%    
Changes in unrecognized tax benefits (0.50%)    
Effective tax rate (15.30%)    
Belgium      
Amount      
Foreign rate differential $ 2,120    
Percent      
Foreign rate differential 3.50%    
Brazil      
Amount      
Non-taxable change in contingent payment liability $ 6,115    
Deductible outside basis difference (12,720)    
Withholding taxes 15,397    
Change in tax law 12,703    
Changes in valuation allowance 11,764    
Other $ (2,046)    
Percent      
Non-taxable change in contingent payment liability 10.00%    
Deductible outside basis difference (20.80%)    
Withholding taxes 25.20%    
Change in tax law 20.80%    
Changes in valuation allowance 19.30%    
Other (3.30%)    
Canada      
Amount      
Foreign rate differential $ (3,400)    
Other (76)    
Provincial income taxes 6,476    
Deferred tax on unremitted foreign earnings $ 2,162    
Percent      
Foreign rate differential (5.60%)    
Other (0.10%)    
Provincial income taxes 10.60%    
Deferred tax on unremitted foreign earnings 3.50%    
Germany      
Amount      
Other $ (2,003)    
Local income taxes $ 3,674    
Percent      
Other (3.30%)    
Local income taxes 6.00%    
Netherlands      
Amount      
Foreign rate differential $ 2,625    
Changes in valuation allowance 2,144    
Other 3,483    
Tax credits – withholding taxes (15,838)    
Tax credits – Brazil tax sparing (5,088)    
Nondeductible goodwill impairment $ 4,159    
Percent      
Foreign rate differential 4.30%    
Changes in valuation allowance 3.50%    
Other 5.70%    
Tax credits – withholding taxes (25.90%)    
Tax credits – Brazil tax sparing (8.30%)    
Nondeductible goodwill impairment 6.80%    
Other foreign jurisdictions      
Amount      
Foreign rate differential $ 1,951    
Percent      
Foreign rate differential 3.20%    
UNITED STATES      
Amount      
Other $ 1,425    
Percent      
Other 2.30%    
v3.25.4
Income Taxes Income Taxes - Reconciliation (Details) - USD ($)
$ in Thousands
12 Months Ended
Jan. 03, 2026
Dec. 28, 2024
Dec. 30, 2023
Amount      
Computed "expected" tax expense $ 12,816 $ 51,977 $ 151,191
Changes in valuation allowance   50,231 27,713
Non-deductible compensation expenses   3,443 5,779
Deferred tax on unremitted foreign earnings   1,897 3,686
Foreign rate differential   13,817 16,607
Withholding taxes   (4,063) (4,696)
Change in uncertain tax positions   (2,594) (3,477)
State income taxes, net of federal benefit (3,640) (9,786) (20,868)
Biofuel tax incentives   (127,081) (125,006)
Global intangible low taxed income   1,882 14,943
Change in contingent payment liability   (16,029) (655)
Change in tax law   0 (5,890)
Equity compensation windfall   (341) (2,241)
Other   (1,690) 2,482
Income Tax Expense (Benefit) $ (9,359) $ (38,337) $ 59,568
v3.25.4
Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($)
$ in Thousands
Jan. 03, 2026
Dec. 28, 2024
Deferred tax assets:    
Loss contingency reserves $ 14,427 $ 14,099
Employee benefits 14,221 13,715
Pension liability 3,397 3,307
Interest expense carryforwards 98,885 87,702
Tax loss carryforwards 519,940 417,119
Tax credit carryforwards 6,125 2,771
Operating lease liabilities 58,718 56,484
Inventory 11,701 9,705
Accrued liabilities and other 63,959 62,800
Total gross deferred tax assets 791,373 667,702
Less valuation allowance (115,163) (86,927)
Net deferred tax assets 676,210 580,775
Deferred tax liabilities:    
Intangible assets amortization, including tax deductible goodwill (290,426) (256,453)
Property, plant and equipment depreciation (153,948) (192,280)
Investment in DGD Joint Venture (326,010) (316,993)
Operating lease assets (58,516) (55,221)
Tax on unremitted foreign earnings (40,173) (16,492)
Other (23,162) (13,990)
Total gross deferred tax liabilities (892,235) (851,429)
Net deferred tax liability (216,025) (270,654)
Non-current deferred tax asset 24,536 22,368
Non-current deferred tax liability $ (240,561) $ (293,022)
v3.25.4
Income Taxes Income Taxes - Narrative (Details)
$ in Thousands
12 Months Ended
Jan. 03, 2026
USD ($)
country
Dec. 28, 2024
USD ($)
Dec. 30, 2023
USD ($)
Operating Loss Carryforwards [Line Items]      
Income tax expense/(benefit) $ (9,359) $ (38,337) $ 59,568
Deferred Tax Assets, Operating Loss Carryforwards, Not Subject to Expiration 350,200    
Deferred Tax Assets, Operating Loss Carryforwards, Foreign 384,900    
Operating Loss Carryforwards, Valuation Allowance 115,200    
Unrecognized Tax Benefits 9,902 10,752 $ 13,872
Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense 2,700    
Deferred Tax Liabilities, Undistributed Foreign Earnings $ 40,173 $ 16,492  
Organization for Economic Co-operation and Development, Number of Countries Participating | country 140    
Foreign Tax Jurisdiction      
Operating Loss Carryforwards [Line Items]      
Tax Credit Carryforward, Amount $ 34,700    
State and Local Jurisdiction      
Operating Loss Carryforwards [Line Items]      
Operating Loss Carryforwards 729,300    
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration 549,800    
Deferred Tax Assets, Operating Loss Carryforwards, Not Subject to Expiration 179,500    
Deferred Tax Asset, Interest Carryforward 205,400    
Domestic Tax Jurisdiction      
Operating Loss Carryforwards [Line Items]      
Operating Loss Carryforwards 1,700,000    
Tax Credit Carryforward, Amount 3,900    
Deferred Tax Asset, Interest Carryforward $ 426,400    
v3.25.4
Income Taxes Reconciliation of Unrecognized Tax Benefits (Details) - USD ($)
$ in Thousands
12 Months Ended
Jan. 03, 2026
Dec. 28, 2024
Unrecognized Tax Benefits [Roll Forward]    
Balance at beginning of Year $ 10,752 $ 13,872
Change in tax positions related to current year (4,015) (4,600)
Change in tax positions related to prior years 3,165 1,480
Change in tax positions due to settlement with tax authorities 0 0
Expiration of the statute of limitations 0 0
Balance at end of year $ 9,902 $ 10,752
v3.25.4
Stockholders' Equity and Stock-Based Compensation Narrative (Details) - USD ($)
12 Months Ended
Jan. 03, 2025
Jan. 03, 2024
Aug. 07, 2023
May 11, 2023
Jan. 03, 2023
Jan. 03, 2026
Dec. 28, 2024
Dec. 30, 2023
Aug. 07, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Stock repurchase program, authorized amount                 $ 500,000,000.0
Payments for Repurchase of Common Stock           $ 34,668,000 $ 34,272,000 $ 52,941,000  
Stock repurchase program, remaining authorized repurchase amount           $ 460,300,000      
Omnibus Incentive Plan 2017                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Number of shares authorized           20,166,500      
Number of shares available for grant           4,019,941      
Performance Shares [Member]                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Performance period two           3 years      
Shares granted (in shares) 355,383 244,376 2,971 6,648 177,299 355,383 244,376 186,918  
Restricted Stock Units (RSUs) [Member]                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Annual vesting after initial cliff           33.33%      
Shares granted (in shares) 236,923 162,913 1,980 4,432 118,208        
Restricted Stock Units (RSUs) [Member] | Executive Officer                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Shares granted (in shares) 7,207     44,304          
v3.25.4
Stockholders' Equity and Stock-Based Compensation Stock Option Awards (Details) - USD ($)
$ in Millions
12 Months Ended
Jan. 03, 2026
Dec. 28, 2024
Dec. 30, 2023
Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Options outstanding, Weighted-average remaining contractual life (in years) 1 year 9 months 18 days 2 years 4 months 24 days 3 years 3 months 18 days 4 years 3 months 18 days
Granted (in shares) 0 0 0  
Proceeds from stock options exercised $ 0.4 $ 0.4 $ 0.1  
Share-based Payment Arrangement, Exercise of Option, Tax Benefit 0.2 0.7 1.2  
Exercises in period, intrinsic value 6.5 2.8 9.5  
Vested in period, fair value 21.8 $ 20.7 $ 33.0  
Outstanding, intrinsic value 41.9      
Exercisable, intrinsic value 41.9      
Total compensation cost not yet recognized $ 8.8      
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition 1 year 2 months 12 days      
Options exercisable, Weighted-average remaining contractual life (in years) 1 year 9 months 18 days      
Nonqualified Stock Options Under Long Term Incentive Program [Member]        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Award vesting rights, percentage 33.33%      
Expiration period 10 years      
v3.25.4
Stockholders' Equity and Stock-Based Compensation Stock Option Activity (Details) - USD ($)
$ / shares in Units, $ in Millions
12 Months Ended
Jan. 03, 2026
Dec. 28, 2024
Dec. 30, 2023
Dec. 31, 2022
Summary of stock option activity [Roll Forward]        
Options outstanding at the beginning of year (in shares) 2,404,467 2,531,375 2,756,587  
Options outstanding at the beginning of year, Weighted-average exercise price per share (in usd per share) $ 16.87 $ 16.94 $ 17.23  
Granted (in shares) 0 0 0  
Granted, Weighted-average exercise price per share (in usd per share) $ 0 $ 0 $ 0  
Exercised (in shares) (356,146) (119,651) (223,000)  
Exercised, Weighted-average exercise price per share (in usd per share) $ 15.47 $ 18.20 $ 20.43  
Forfeited (in shares) (6,328) (7,257) (2,212)  
Forfeited, Weighted-average exercise price per share (in usd per share) $ 14.04 $ 19.12 $ 26.54  
Expired (in shares) 0 0 0  
Expired, Weighted average exercise price per share (in usd per share) $ 0 $ 0 $ 0  
Options outstanding at the end of year (in shares) 2,041,993 2,404,467 2,531,375 2,756,587
Options outstanding at the end of year, Weighted-average exercise price per share (in usd per share) $ 17.12 $ 16.87 $ 16.94 $ 17.23
Options outstanding, Weighted-average remaining contractual life (in years) 1 year 9 months 18 days 2 years 4 months 24 days 3 years 3 months 18 days 4 years 3 months 18 days
Options exercisable (in shares) 2,041,993      
Options exercisable, Weighted-average exercise price per share (in usd per share) $ 17.12      
Options exercisable, Weighted-average remaining contractual life (in years) 1 year 9 months 18 days      
Share-based Payment Arrangement, Exercise of Option, Tax Benefit $ 0.2 $ 0.7 $ 1.2  
Proceeds from stock options exercised $ 0.4 $ 0.4 $ 0.1  
v3.25.4
Stockholders' Equity and Stock-Based Compensation Non-Vested Stock, Restricted Stock Unit and Performance Share Unit Awards (Details) - shares
12 Months Ended
Jan. 03, 2025
Jan. 03, 2024
Aug. 07, 2023
May 11, 2023
Jan. 03, 2023
Jan. 03, 2026
Dec. 28, 2024
Dec. 30, 2023
Performance Shares [Member]                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Shares granted (in shares) 355,383 244,376 2,971 6,648 177,299 355,383 244,376 186,918
Performance period two           3 years    
Stock Awards [Member]                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Shares granted (in shares)           244,130 162,913 168,924
Shares vested (in shares)           (143,425) (131,600) (70,251)
Restricted Stock Units (RSUs) [Member]                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Annual vesting after initial cliff           33.33%    
Common stock equivalent (in shares)           1    
Shares granted (in shares) 236,923 162,913 1,980 4,432 118,208      
v3.25.4
Stockholders' Equity and Stock-Based Compensation LTIP PSU Awards (Details) - Performance Shares [Member] - shares
12 Months Ended
Jan. 03, 2025
Jan. 03, 2024
Aug. 07, 2023
May 11, 2023
Jan. 03, 2023
Jan. 03, 2026
Dec. 28, 2024
Dec. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Shares granted (in shares) 355,383 244,376 2,971 6,648 177,299 355,383 244,376 186,918
Performance period two           3 years    
PSUs earned may be reduced           30.00%    
Minimum                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Target percentage           0.00%    
Maximum [Member]                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Target percentage           225.00%    
v3.25.4
Stockholders' Equity and Stock-Based Compensation Summary of Assumptions (Details) - Performance Shares [Member]
12 Months Ended
Jan. 03, 2026
Dec. 28, 2024
Dec. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Expected dividend yield 0.00% 0.00% 0.00%
Risk-free interest rate 4.27% 4.03% 4.13%
Expected term 3 years 3 years 2 years 11 months 23 days
Expected volatility 40.70% 41.90% 49.60%
v3.25.4
Stockholders' Equity and Stock-Based Compensation Summary of the Company’s LTIP PSU Awards (Details) - Performance Shares [Member] - $ / shares
12 Months Ended
Jan. 03, 2025
Jan. 03, 2024
Aug. 07, 2023
May 11, 2023
Jan. 03, 2023
Jan. 03, 2026
Dec. 28, 2024
Dec. 30, 2023
Summary of non-vested and restricted stock awards [Roll Forward]                
Beginning balance nonvested (in shares)           524,285 404,543 439,306
Nonvested, Weighted Average Grant Date Fair Value (in usd per share)           $ 62.24 $ 67.33 $ 50.58
Shares granted (in shares) 355,383 244,376 2,971 6,648 177,299 355,383 244,376 186,918
Shares granted, Weighted Average Grant Date Fair Value (in dollars per share)           $ 37.70 $ 53.43 $ 66.67
Additional PSU awards vested from performance (in shares)           58,670 142,600 263,221
Shares vested, Weighted Average Grant Date Fair Value (in dollars per share)           $ 75.13 $ 61.12 $ 31.80
Stock issued for PSU's (in shares)           (160,770) (257,918) (473,824)
Stock issued for PSU's, Weighted Average Grant Date Fair Value (in dollars per share)           $ 75.13 $ 61.14 $ 31.80
Forfeited in Period (in shares)           (28,304) (9,316) (11,078)
Shares forfeited, Weighted Average Grant Date Fair Value (in dollars per share)           $ 43.36 $ 65.62 $ 67.60
Nonvested, Weighted Average Grant Date Fair Value (in usd per share)           $ 49.55 $ 62.24 $ 67.33
Ending balance nonvested (in shares)           749,264 524,285 404,543
Performance period two           3 years    
v3.25.4
Stockholders' Equity and Stock-Based Compensation Summary of the Company’s Non-vested Stock (Details) - $ / shares
12 Months Ended
Jan. 03, 2025
Jan. 03, 2024
Aug. 07, 2023
May 11, 2023
Jan. 03, 2023
Jan. 03, 2026
Dec. 28, 2024
Dec. 30, 2023
Stock Awards [Member]                
Summary of stock option activity [Roll Forward]                
Beginning balance nonvested (in shares)           294,118 265,652 170,249
Nonvested, Weighted Average Grant Date Fair Value (in usd per share)           $ 55.94 $ 63.78 $ 66.31
Shares granted (in shares)           244,130 162,913 168,924
Shares granted, Weighted Average Grant Date Fair Value (in dollars per share)           $ 34.69 $ 49.01 $ 61.73
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period           (143,425) (131,600) (70,251)
Shares vested, Weighted Average Grant Date Fair Value (in dollars per share)           $ 58.21 $ 63.45 $ 65.03
Forfeited in Period (in shares)           (29,627) (2,847) (3,270)
Shares forfeited, Weighted Average Grant Date Fair Value (in dollars per share)           $ 49.51 $ 43.72 $ 62.55
Ending balance nonvested (in shares)           365,196 294,118 265,652
Nonvested, Weighted Average Grant Date Fair Value (in usd per share)           $ 41.36 $ 55.94 $ 63.78
Performance Shares [Member]                
Summary of stock option activity [Roll Forward]                
Beginning balance nonvested (in shares)           524,285 404,543 439,306
Nonvested, Weighted Average Grant Date Fair Value (in usd per share)           $ 62.24 $ 67.33 $ 50.58
Shares granted (in shares) 355,383 244,376 2,971 6,648 177,299 355,383 244,376 186,918
Shares granted, Weighted Average Grant Date Fair Value (in dollars per share)           $ 37.70 $ 53.43 $ 66.67
Additional PSU awards vested from performance (in shares)           58,670 142,600 263,221
Shares vested, Weighted Average Grant Date Fair Value (in dollars per share)           $ 75.13 $ 61.12 $ 31.80
Stock issued for PSU's (in shares)           (160,770) (257,918) (473,824)
Stock issued for PSU's, Weighted Average Grant Date Fair Value (in dollars per share)           $ 75.13 $ 61.14 $ 31.80
Forfeited in Period (in shares)           (28,304) (9,316) (11,078)
Shares forfeited, Weighted Average Grant Date Fair Value (in dollars per share)           $ 43.36 $ 65.62 $ 67.60
Ending balance nonvested (in shares)           749,264 524,285 404,543
Nonvested, Weighted Average Grant Date Fair Value (in usd per share)           $ 49.55 $ 62.24 $ 67.33
Restricted Stock Units (RSUs) [Member]                
Summary of stock option activity [Roll Forward]                
Shares granted (in shares) 236,923 162,913 1,980 4,432 118,208      
v3.25.4
Stockholders' Equity and Stock-Based Compensation Nonemployee Director Restricted Stock and Restricted Stock Unit Awards (Details)
$ in Thousands
Jan. 03, 2026
USD ($)
Director Restricted Stock Plan [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Stock available for grant per employee $ 150
v3.25.4
Stockholders' Equity and Stock-Based Compensation Non-employee Director Restricted Stock Awards (Details) - Director Restricted Stock Plan [Member] - $ / shares
12 Months Ended
Jan. 03, 2026
Dec. 28, 2024
Dec. 30, 2023
Summary of non-vested and restricted stock awards [Roll Forward]      
Ending balance nonvested (in shares) 203,041 172,164 168,128
Nonvested, Weighted Average Grant Date Fair Value (in usd per share) $ 38.01 $ 34.84 $ 27.94
Shares granted (in shares) 51,197 38,027 30,676
Shares granted, Weighted Average Grant Date Fair Value (in dollars per share) $ 33.54 $ 44.62 $ 59.36
Restrictions Lapsed (in shares) (19,364) (31,351) (70,475)
Restrictions Lapsed, Weighted Average Grant Date Fair Value (in dollars per share) $ 48.47 $ 28.46 $ 24.69
Forfeited in Period (in shares) (956) (2,640) (1,007)
Shares forfeited, Weighted Average Grant Date Fair Value (in dollars per share) $ 34.31 $ 44.52 $ 61.01
Beginning balance nonvested (in shares) 172,164 168,128 208,934
Nonvested, Weighted Average Grant Date Fair Value (in usd per share) $ 35.90 $ 38.01 $ 34.84
v3.25.4
Comprehensive Income (Details) - USD ($)
$ in Thousands
12 Months Ended
Jan. 03, 2026
Dec. 28, 2024
Dec. 30, 2023
Before-Tax Amount      
Actuarial gain/(loss) recognized $ 6,065 $ 2,323 $ 1,669
Amortization of actuarial gain/(loss) 681 1,367 1,725
Amortization of prior service costs 24 23 (1)
Amortization of settlement 5,551 (10) (58)
Other 22   12
Total defined benefit pension plans 12,343 3,703 3,347
Tax (Expense) or Benefit      
Actuarial gain/(loss) recognized (1,526) (568) (650)
Amortization of actuarial gain/(loss) (165) (326) (427)
Amortization of prior service costs 3 (3) 0
Amortization of settlement (1,353) 3 14
Other 0   0
Total defined benefit pension plans (3,041) (894) (1,063)
Net-of-Tax Amount      
Actuarial gain/(loss) recognized 4,539 1,755 1,019
Amortization of actuarial gain/(loss) 516 1,041 1,298
Amortization of prior service costs 27 20 (1)
Amortization of settlement 4,198 (7) (44)
Other 22   12
Total defined benefit pension plans 9,302 2,809 2,284
Before-Tax Amount      
Foreign currency translation 298,296 (417,537) 140,618
Tax (Expense) or Benefit      
Foreign currency translation (5,963) 2,395 (967)
Net-of-Tax Amount      
Foreign currency translation 292,333 (415,142) 139,651
Other comprehensive income/(loss) 369,029 (515,994) 198,347
Other comprehensive income/(loss) (28,385) 32,106 (15,858)
Other comprehensive income/(loss) 340,644 (483,888) 182,489
Heating Oil Swaps And Options [Member]      
Before-Tax Amount      
Activity recognized in other comprehensive income (loss) 12,078 (43,567) 45,268
Total swap derivatives 12,078 (43,567) 45,268
Tax (Expense) or Benefit      
Activity recognized in other comprehensive income (loss) (2,936) 10,587 (11,053)
Total swap derivatives (2,936) 10,587 (11,053)
Net-of-Tax Amount      
Activity recognized in other comprehensive income (loss) 9,142 (32,980) 34,215
Total swap derivatives 9,142 (32,980) 34,215
Corn Option [Member]      
Before-Tax Amount      
Reclassified to earnings 385 (947) (1,537)
Activity recognized in other comprehensive income (loss) (257) 819 1,627
Total swap derivatives 128 (128) 90
Tax (Expense) or Benefit      
Reclassified to earnings (94) 230 390
Activity recognized in other comprehensive income (loss) 63 (199) (412)
Total swap derivatives (31) 31 (22)
Net-of-Tax Amount      
Reclassified to earnings 291 (717) (1,147)
Activity recognized in other comprehensive income (loss) (194) 620 1,215
Total swap derivatives 97 (97) 68
Foreign exchange derivative adjustments      
Before-Tax Amount      
Reclassified to earnings (1,322) 980 (34,491)
Activity recognized in other comprehensive income (loss) 53,412 (61,120) 40,170
Total swap derivatives 52,090 (60,140) 5,679
Tax (Expense) or Benefit      
Reclassified to earnings 453 (332) 11,822
Activity recognized in other comprehensive income (loss) (18,302) 20,726 (13,769)
Total swap derivatives (17,849) 20,394 (1,947)
Net-of-Tax Amount      
Reclassified to earnings (869) 648 (22,669)
Activity recognized in other comprehensive income (loss) 35,110 (40,394) 26,401
Total swap derivatives 34,241 (39,746) 3,732
Soybean Meal [Member]      
Before-Tax Amount      
Reclassified to earnings   (33) (627)
Activity recognized in other comprehensive income (loss)   0 (3)
Total swap derivatives   (33) (630)
Tax (Expense) or Benefit      
Reclassified to earnings   8 159
Activity recognized in other comprehensive income (loss)   0 1
Total swap derivatives   8 160
Net-of-Tax Amount      
Reclassified to earnings   (25) (468)
Activity recognized in other comprehensive income (loss)   0 (2)
Total swap derivatives   (25) (470)
Interest rate swap derivative adjustments      
Before-Tax Amount      
Reclassified to earnings 13,550 (49,334) (1,843)
Activity recognized in other comprehensive income (loss) (19,456) 51,042 5,818
Total swap derivatives (5,906) 1,708 3,975
Tax (Expense) or Benefit      
Reclassified to earnings (3,293) 11,988 448
Activity recognized in other comprehensive income (loss) 4,728 (12,403) (1,414)
Total swap derivatives 1,435 (415) (966)
Net-of-Tax Amount      
Reclassified to earnings 10,257 (37,346) (1,395)
Activity recognized in other comprehensive income (loss) (14,728) 38,639 4,404
Total swap derivatives $ (4,471) $ 1,293 $ 3,009
v3.25.4
Comprehensive Income Reclassifications (Details) - USD ($)
$ in Thousands
12 Months Ended
Jan. 03, 2026
Dec. 28, 2024
Dec. 30, 2023
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]      
Total net sales $ 6,135,877 $ 5,715,175 $ 6,788,080
Cost of sales and operating expenses 4,662,419 4,437,337 5,143,060
Amortization of prior service cost 24 23 (1)
Amortization of actuarial loss (681) (1,367) (1,725)
Amortization of settlement (5,551) 10 58
Income taxes 9,359 38,337 (59,568)
Net income 62,804 278,880 647,726
Reclassification out of Accumulated Other Comprehensive Income [Member]      
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]      
Net income (14,420) 36,386 24,426
Reclassification out of Accumulated Other Comprehensive Income [Member] | Derivative Instruments      
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]      
Income from operations before income taxes (12,613) 49,334 38,498
Income taxes 2,934 (11,894) (12,819)
Net income (9,679) 37,440 25,679
Reclassification out of Accumulated Other Comprehensive Income [Member] | Derivative Instruments | Soybean Meal [Member]      
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]      
Total net sales 0 33 627
Reclassification out of Accumulated Other Comprehensive Income [Member] | Derivative Instruments | Foreign exchange derivative adjustments      
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]      
Total net sales 1,322 (980) 34,491
Reclassification out of Accumulated Other Comprehensive Income [Member] | Derivative Instruments | Corn Option [Member]      
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]      
Cost of sales and operating expenses (385) 947 1,537
Reclassification out of Accumulated Other Comprehensive Income [Member] | Derivative Instruments | Interest rate swap derivative adjustments      
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]      
Gain (Loss), Foreign Currency Transaction, before Tax, Including Interest Expense (13,550) 49,334 1,843
Reclassification out of Accumulated Other Comprehensive Income [Member] | Defined Benefit Pension Plans      
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]      
Amortization of prior service cost [1] (24) (23) 1
Amortization of actuarial loss [1] (681) (1,367) (1,725)
Amortization of settlement [1] (5,551) 10 58
Income from operations before income taxes (6,256) (1,380) (1,666)
Income taxes 1,515 326 413
Net income $ (4,741) $ (1,054) $ (1,253)
[1] These items are included in the computation of net periodic pension cost. See Note 16 Employee Benefit Plans for additional information.
v3.25.4
Comprehensive Income AOCI (Details)
$ in Thousands
12 Months Ended
Jan. 03, 2026
USD ($)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]  
Stockholders' Equity, Beginning Balance $ 4,464,292
Other comprehensive gain before reclassifications 326,224
Amounts reclassified from accumulated other comprehensive income/(loss) 14,420
Net current-period other comprehensive income 340,644
Noncontrolling interest (4,408)
Stockholders' Equity, Ending Balance 4,809,515
Accumulated Other Comprehensive Loss  
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]  
Stockholders' Equity, Beginning Balance (684,241)
Stockholders' Equity, Ending Balance (339,189)
Foreign Currency Translation  
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]  
Stockholders' Equity, Beginning Balance (648,827)
Other comprehensive gain before reclassifications 292,333
Amounts reclassified from accumulated other comprehensive income/(loss) 0
Net current-period other comprehensive income 292,333
Noncontrolling interest (4,408)
Stockholders' Equity, Ending Balance (352,086)
Derivative Instruments  
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]  
Stockholders' Equity, Beginning Balance (23,825)
Other comprehensive gain before reclassifications 29,330
Amounts reclassified from accumulated other comprehensive income/(loss) 9,679
Net current-period other comprehensive income 39,009
Noncontrolling interest 0
Stockholders' Equity, Ending Balance 15,184
Defined Benefit Pension Plans  
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]  
Stockholders' Equity, Beginning Balance (11,589)
Other comprehensive gain before reclassifications 4,561
Amounts reclassified from accumulated other comprehensive income/(loss) 4,741
Net current-period other comprehensive income 9,302
Noncontrolling interest 0
Stockholders' Equity, Ending Balance $ (2,287)
v3.25.4
Employee Benefit Plans - Narrative (Details)
$ in Millions
3 Months Ended 12 Months Ended
Jun. 28, 2025
agreement
Jan. 03, 2026
USD ($)
plan
Dec. 28, 2024
USD ($)
Dec. 30, 2023
USD ($)
Defined Benefit Plan Disclosure [Line Items]        
Domestic Pension Plan Benefits Percentage Of The Projected Benefit Obligation   58.00% 67.00%  
Domestic Defined Benefit Plan Cash Contributions By Employer   $ 0.3 $ 0.4  
Foreign Defined Benefit Plan Cash Contributions By Employer   $ 3.3 $ 3.3  
Discount rate   4.67% 4.84% 4.62%
Asset allocation percentage   100.00%    
Expected long-term rate of return on assets   5.31% 5.30% 5.72%
Investment Horizon of Greater Than   10 years    
Number of Defined Benefit Plans | plan   2    
Defined Benefit Plan, Funded Percentage     100.00%  
Defined Benefit Plan, Estimated Future Employer Contributions in Next Fiscal Year   $ 4.0    
Number Of Domestic Defined Benefit Plans Terminated During Period | agreement 2      
Minimum        
Defined Benefit Plan Disclosure [Line Items]        
Investment Objectives Achievement Period   5 years    
Maximum [Member]        
Defined Benefit Plan Disclosure [Line Items]        
Investment Objectives Achievement Period   7 years    
Fixed Income Funds [Member]        
Defined Benefit Plan Disclosure [Line Items]        
Asset allocation percentage   100.00%    
Domestic Country Plan        
Defined Benefit Plan Disclosure [Line Items]        
Defined Contribution Plan, Employer Contribution Amount   $ 26.5 $ 15.4 $ 17.6
Foreign Country Plan        
Defined Benefit Plan Disclosure [Line Items]        
Defined Contribution Plan, Employer Contribution Amount   $ 10.7 $ 9.4 $ 10.2
Expected long-term rate of return on assets   2.70%    
UNITED STATE AND CANADA [Member]        
Defined Benefit Plan Disclosure [Line Items]        
Expected long-term rate of return on assets   6.00%    
v3.25.4
Employee Benefit Plans - Funded Status (Details) - USD ($)
$ in Thousands
12 Months Ended
Jan. 03, 2026
Dec. 28, 2024
Dec. 30, 2023
Change in projected benefit obligation:      
Projected benefit obligation at beginning of period $ 165,305 $ 172,354  
Plan acquisition 0 82  
Service cost 3,114 3,171 $ 2,714
Interest cost 6,847 7,640 7,836
Employee contributions 423 353  
Plan combinations 0 1,715  
Actuarial (gain)/loss (393) (4,736)  
Benefits paid (8,644) (10,068)  
Effect of curtailment (14) 0  
Effect of settlement (34,100) (1,614)  
Other (gain)/loss 5,349 (3,592)  
Projected benefit obligation at end of period 137,887 165,305 172,354
Change in plan assets:      
Fair value of plan assets at beginning of period 151,698 155,412  
Actual return on plan assets 11,468 4,853  
Employer contributions 3,559 3,671  
Employee contributions 423 353  
Plan combinations 0 1,747  
Benefits paid (8,644) (10,068)  
Effect of settlement (34,100) (1,614)  
Other gain/(loss) 3,336 (2,656)  
Fair value of plan assets at end of period 127,740 151,698 $ 155,412
Funded status (10,147) (13,607)  
Net amount recognized (10,147) (13,607)  
Amounts recognized in the consolidated balance    sheets consist of:      
Noncurrent assets 9,806 5,348  
Current liability (1,640) (1,279)  
Noncurrent liability (18,313) (17,676)  
Amounts recognized in accumulated other    comprehensive loss consist of:      
Net actuarial loss 2,654 16,212  
Prior service cost 232 (983)  
Net amount recognized [1] 2,886 15,229  
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Tax $ 600 $ 3,600  
[1] Amounts do not include deferred taxes of $0.6 million and $3.6 million at January 3, 2026 and December 28, 2024, respectively.
v3.25.4
Employee Benefit Plans - Accumulated Benefit Obligations in Excess of Plan Assets (Details) - USD ($)
$ in Thousands
Jan. 03, 2026
Dec. 28, 2024
Employee Benefit Plans [Abstract]    
Projected benefit obligation $ 26,448 $ 43,258
Accumulated benefit obligation 23,583 40,661
Fair value of plan assets $ 6,539 $ 24,412
v3.25.4
Employee Benefit Plans - Net Pension Cost (Details) - USD ($)
$ in Thousands
12 Months Ended
Jan. 03, 2026
Dec. 28, 2024
Dec. 30, 2023
Employee Benefit Plans [Abstract]      
Service cost $ 3,114 $ 3,171 $ 2,714
Interest cost $ 6,847 $ 7,640 $ 7,836
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Interest Cost, Statement of Income or Comprehensive Income [Extensible Enumeration] Other income, net Other income, net Other income, net
Expected return on plan assets $ (6,209) $ (7,228) $ (7,958)
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) Excluding Service Cost, Statement of Income or Comprehensive Income [Extensible Enumeration] Other income, net Other income, net Other income, net
Net amortization and deferral $ 705 $ 1,390 $ 1,724
Curtailment (14) 0 0
Settlement $ 5,551 $ (10) $ (58)
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Settlement Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Other income, net Other income, net Other income, net
Net pension cost $ 9,994 $ 4,963 $ 4,258
v3.25.4
Employee Benefit Plans - Weighted Average Assumptions (Details)
12 Months Ended
Jan. 03, 2026
Dec. 28, 2024
Dec. 30, 2023
Defined Benefit Plan Disclosure [Line Items]      
Discount rate 4.67% 4.84% 4.62%
Rate of compensation increase 0.63% 0.61% 0.61%
Discount rate 4.61% 3.55% 4.26%
Rate of increase in future compensation levels 0.81% 0.57% 0.57%
Expected long-term rate of return on assets 5.31% 5.30% 5.72%
Minimum | Fixed Income Securities [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Investment Policy and Strategy, Description 90    
Minimum | Equity Securities [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Investment Policy and Strategy, Description 0    
Maximum [Member] | Fixed Income Securities [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Investment Policy and Strategy, Description 100    
Maximum [Member] | Equity Securities [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Investment Policy and Strategy, Description 10    
v3.25.4
Employee Benefit Plans - Fair Value Measurements for Defined Benefit Plan Assets (Details) - USD ($)
$ in Thousands
Jan. 03, 2026
Dec. 28, 2024
Dec. 30, 2023
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount $ 127,740 $ 151,698 $ 155,412
Fair Value, Inputs, Level 3      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 1,965 1,983 $ 2,018
Estimate of Fair Value Measurement [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 127,740 151,698  
Estimate of Fair Value Measurement [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1)      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 104,136 130,938  
Estimate of Fair Value Measurement [Member] | Significant Other Observable Inputs (Level 2)      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 21,639 18,777  
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 1,965 1,983  
Fixed Income, Long Term [Member] | Estimate of Fair Value Measurement [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 85,192 91,016  
Fixed Income, Long Term [Member] | Estimate of Fair Value Measurement [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1)      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 85,192 91,016  
Fixed Income, Long Term [Member] | Estimate of Fair Value Measurement [Member] | Significant Other Observable Inputs (Level 2)      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 0 0  
Fixed Income, Long Term [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 0 0  
Fixed Income, Short Term [Member] | Estimate of Fair Value Measurement [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 5,430 2,905  
Fixed Income, Short Term [Member] | Estimate of Fair Value Measurement [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1)      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 5,430 2,905  
Fixed Income, Short Term [Member] | Estimate of Fair Value Measurement [Member] | Significant Other Observable Inputs (Level 2)      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 0 0  
Fixed Income, Short Term [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 0 0  
Equity Securities, Domestic [Member] | Estimate of Fair Value Measurement [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 3,893 19,290  
Equity Securities, Domestic [Member] | Estimate of Fair Value Measurement [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1)      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 3,893 19,290  
Equity Securities, Domestic [Member] | Estimate of Fair Value Measurement [Member] | Significant Other Observable Inputs (Level 2)      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 0 0  
Equity Securities, Domestic [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 0 0  
Equity Securities, International [Member] | Estimate of Fair Value Measurement [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 9,621 17,727  
Equity Securities, International [Member] | Estimate of Fair Value Measurement [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1)      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 9,621 17,727  
Equity Securities, International [Member] | Estimate of Fair Value Measurement [Member] | Significant Other Observable Inputs (Level 2)      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 0 0  
Equity Securities, International [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 0 0  
Insurance Contracts [Member] | Estimate of Fair Value Measurement [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 23,604 20,760  
Insurance Contracts [Member] | Estimate of Fair Value Measurement [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1)      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 0 0  
Insurance Contracts [Member] | Estimate of Fair Value Measurement [Member] | Significant Other Observable Inputs (Level 2)      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 21,639 18,777  
Insurance Contracts [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount $ 1,965 $ 1,983  
v3.25.4
Employee Benefit Plans - Significant Unobservable Inputs (Details) - USD ($)
$ in Thousands
12 Months Ended
Jan. 03, 2026
Dec. 28, 2024
Defined Benefit Plan, Change in Fair Value of Plan Assets, Level 3 Reconciliation [Roll Forward]    
Fair value of plan assets at beginning of period $ 151,698 $ 155,412
Fair value of plan assets at end of period 127,740 151,698
Fair Value, Inputs, Level 3    
Defined Benefit Plan, Change in Fair Value of Plan Assets, Level 3 Reconciliation [Roll Forward]    
Fair value of plan assets at beginning of period 1,983 2,018
Unrealized gains (losses) relating to instruments still held in the reporting period. (260) 83
Purchases, sales, and settlements 0 0
Exchange rate changes 242 (118)
Fair value of plan assets at end of period $ 1,965 $ 1,983
v3.25.4
Employee Benefit Plans - Expected Future Benefit Payments (Details)
$ in Thousands
Jan. 03, 2026
USD ($)
Employee Benefit Plans [Abstract]  
2026 $ 10,014
2027 10,058
2028 10,846
2029 10,785
2030 11,014
Years 2031 – 2035 $ 51,268
v3.25.4
Employee Benefit Plans - Multiemployer Pension Plans (Details)
$ in Thousands
12 Months Ended
Jan. 03, 2026
USD ($)
plan
Dec. 28, 2024
USD ($)
Dec. 30, 2023
USD ($)
Defined Benefit Plan Disclosure [Line Items]      
Contributions $ 3,320 $ 3,604 $ 3,633
Number of Multiemployer Plans, Certified Red Zone | plan 5    
Number Of Multiemployer Plans, Withdrawal Obligation | plan 5    
Multiemployer Plans, Withdrawal Obligation $ 4,300    
Maximum [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Multiemployer Plan, Contributions To Individual Plan, Percent 5.00%    
Western Conference Of Teamsters Pension Plan [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Contributions [1] $ 1,218 1,465 1,443
Central States, Southeast and Southwest Areas Pension Plan [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Contributions [2] 484 513 714
Other Multiemployer Plans [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Contributions $ 1,618 $ 1,626 $ 1,476
[1] The Company has several processing plants that participate in the Western Conference of Teamsters Pension Plan under collective bargaining agreements that require minimum funding contributions. Certain of these agreements have expired and are being negotiated while others have expiration dates through May 30, 2030.
[2] The Company has several processing plants that participate in the Central States, Southeast and Southwest Areas Pension Plan under collective bargaining agreements that require minimum funding contributions. The agreements have expiration dates through July 1, 2028.
v3.25.4
Derivatives - Narrative (Details)
$ in Thousands
12 Months Ended
Jan. 03, 2026
USD ($)
month
Dec. 28, 2024
USD ($)
Dec. 30, 2023
USD ($)
Derivative [Line Items]      
Number of months cash flow hedge gain (loss) reclassified over | month 12    
Amount reclassified from accumulated other comprehensive loss into earnings over next 12 months $ 23,700    
Net income 70,385 $ 285,845 $ 660,389
Interest rate swap derivative adjustments | Designated as Hedging Instrument [Member]      
Derivative [Line Items]      
Derivative, Notional Amount $ 900,000    
Weighted Average Derivative Pay Rate 0.03656    
Interest rate swap derivative adjustments | Designated as Hedging Instrument [Member] | Other Current Assets [Member]      
Derivative [Line Items]      
Asset Derivatives Fair Value $ 2,200 4,200  
Cross Currency Interest Rate Contract | Designated as Hedging Instrument [Member] | Other Current Assets [Member]      
Derivative [Line Items]      
Derivative Liability, Fair Value, Gross Liability 0    
Cross Currency Interest Rate Contract | Designated as Hedging Instrument [Member] | Other Noncurrent Liabilities      
Derivative [Line Items]      
Derivative Liability, Fair Value, Gross Liability   22,200  
Foreign exchange derivative adjustments | Designated as Hedging Instrument [Member] | Other Current Assets [Member]      
Derivative [Line Items]      
Asset Derivatives Fair Value   (32,600)  
Foreign exchange derivative adjustments | Designated as Hedging Instrument [Member] | Accrued Liabilities      
Derivative [Line Items]      
Asset Derivatives Fair Value 15,300    
Foreign exchange derivative adjustments | Not Designated as Hedging Instrument [Member] | Other Current Assets [Member]      
Derivative [Line Items]      
Asset Derivatives Fair Value 17,600    
Corn Option [Member] | Designated as Hedging Instrument [Member] | Accrued Liabilities      
Derivative [Line Items]      
Derivative Liability, Fair Value, Gross Liability 0 $ (100)  
Commodity derivative adjustments      
Derivative [Line Items]      
Forward purchase amount 261,100    
Cash Flow Hedging [Member]      
Derivative [Line Items]      
Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest 4,100    
Net income $ 4,100    
v3.25.4
Derivatives - Outstanding Contracts (Details) - Not Designated as Hedging Instrument [Member]
€ in Thousands, ¥ in Thousands, ¥ in Thousands, £ in Thousands, zł in Thousands, R$ in Thousands, $ in Thousands, $ in Thousands
Jan. 03, 2026
USD ($)
Jan. 03, 2026
BRL (R$)
Jan. 03, 2026
EUR (€)
Jan. 03, 2026
PLN (zł)
Jan. 03, 2026
JPY (¥)
Jan. 03, 2026
CNY (¥)
Jan. 03, 2026
AUD ($)
Jan. 03, 2026
GBP (£)
Dec. 28, 2024
USD ($)
BRI/EUR 1 [Member] | Short [Member]                  
Derivative [Line Items]                  
Derivative, Notional Amount | R$   R$ 357,062              
BRI/EUR 1 [Member] | Long [Member]                  
Derivative [Line Items]                  
Derivative, Notional Amount | €     € 52,829            
BRI/USD | Short [Member]                  
Derivative [Line Items]                  
Derivative, Notional Amount | R$   R$ 1,845,023              
BRI/USD | Long [Member]                  
Derivative [Line Items]                  
Derivative, Notional Amount $ 319,202                
EUR/USD [Member] | Short [Member]                  
Derivative [Line Items]                  
Derivative, Notional Amount | €     15,432            
EUR/USD [Member] | Long [Member]                  
Derivative [Line Items]                  
Derivative, Notional Amount 18,084                
EUR/PLN [Member] | Short [Member]                  
Derivative [Line Items]                  
Derivative, Notional Amount | €     91,420            
EUR/PLN [Member] | Long [Member]                  
Derivative [Line Items]                  
Derivative, Notional Amount | zł       zł 387,055          
EUR/JPN [Member] | Short [Member]                  
Derivative [Line Items]                  
Derivative, Notional Amount | €     9,537            
EUR/JPN [Member] | Long [Member]                  
Derivative [Line Items]                  
Derivative, Notional Amount | ¥         ¥ 1,734,164        
EUR/CNY [Member] | Short [Member]                  
Derivative [Line Items]                  
Derivative, Notional Amount | €     20,567            
EUR/CNY [Member] | Long [Member]                  
Derivative [Line Items]                  
Derivative, Notional Amount | ¥           ¥ 170,255      
EUR/AUD [Member] | Short [Member]                  
Derivative [Line Items]                  
Derivative, Notional Amount | €     16,339            
EUR/AUD [Member] | Long [Member]                  
Derivative [Line Items]                  
Derivative, Notional Amount             $ 28,900    
EUR/GBP [Member] | Short [Member]                  
Derivative [Line Items]                  
Derivative, Notional Amount | €     5,347            
EUR/GBP [Member] | Long [Member]                  
Derivative [Line Items]                  
Derivative, Notional Amount | £               £ 4,700  
PLN/EUR [Member] | Short [Member]                  
Derivative [Line Items]                  
Derivative, Notional Amount | zł       77,077          
PLN/EUR [Member] | Long [Member]                  
Derivative [Line Items]                  
Derivative, Notional Amount | €     € 18,214            
PLN/USD | Short [Member]                  
Derivative [Line Items]                  
Derivative, Notional Amount | zł       zł 920          
PLN/USD | Long [Member]                  
Derivative [Line Items]                  
Derivative, Notional Amount 256                
GBP/USD | Short [Member]                  
Derivative [Line Items]                  
Derivative, Notional Amount | £               £ 198  
GBP/USD | Long [Member]                  
Derivative [Line Items]                  
Derivative, Notional Amount 265                
JPN/USD [Member] | Short [Member]                  
Derivative [Line Items]                  
Derivative, Notional Amount | ¥         141,745        
JPN/USD [Member] | Long [Member]                  
Derivative [Line Items]                  
Derivative, Notional Amount 918                
USD/JPN1 [Member] | Short [Member]                  
Derivative [Line Items]                  
Derivative, Notional Amount $ 376                
USD/JPN1 [Member] | Long [Member]                  
Derivative [Line Items]                  
Derivative, Notional Amount | ¥         ¥ 58,096        
AUD/USD | Short [Member]                  
Derivative [Line Items]                  
Derivative, Notional Amount             $ 252    
AUD/USD | Long [Member]                  
Derivative [Line Items]                  
Derivative, Notional Amount                 $ 169
v3.25.4
Derivatives - Effect of Derivatives Not Designated as Hedges (Details) - Not Designated as Hedging Instrument [Member] - USD ($)
$ in Thousands
12 Months Ended
Jan. 03, 2026
Dec. 28, 2024
Dec. 30, 2023
Derivative [Line Items]      
Derivative, Gain (Loss) on Derivative, Net $ (21,391) $ 13,495 $ (12,032)
Foreign exchange derivative adjustments | Foreign Currency Gain (Loss) [Member]      
Derivative [Line Items]      
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Foreign currency gain/(loss) Foreign currency gain/(loss) Foreign currency gain/(loss)
Derivative, Gain (Loss) on Derivative, Net $ (730) $ (3,466) $ (2,031)
Foreign exchange derivative adjustments | Sales [Member]      
Derivative [Line Items]      
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Total net sales Total net sales Total net sales
Derivative, Gain (Loss) on Derivative, Net $ (789) $ 966 $ (1,789)
Foreign exchange derivative adjustments | Cost of Sales [Member]      
Derivative [Line Items]      
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Cost of sales and operating expenses Cost of sales and operating expenses Cost of sales and operating expenses
Derivative, Gain (Loss) on Derivative, Net $ 193 $ (270) $ (294)
Foreign exchange derivative adjustments | Selling, General and Administrative Expenses [Member]      
Derivative [Line Items]      
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Selling, general and administrative expenses Selling, general and administrative expenses Selling, general and administrative expenses
Derivative, Gain (Loss) on Derivative, Net $ (21,539) $ 16,908 $ (7,109)
Interest rate swap derivative adjustments      
Derivative [Line Items]      
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Interest Expense, Nonoperating Interest Expense, Nonoperating Interest Expense, Nonoperating
Derivative, Gain (Loss) on Derivative, Net $ (961) $ 0 $ 0
Corn options and futures [Member] | Sales [Member]      
Derivative [Line Items]      
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Total net sales Total net sales Total net sales
Derivative, Gain (Loss) on Derivative, Net $ 0 $ 652 $ 1,945
Corn options and futures [Member] | Cost of Sales [Member]      
Derivative [Line Items]      
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Cost of sales and operating expenses Cost of sales and operating expenses Cost of sales and operating expenses
Derivative, Gain (Loss) on Derivative, Net $ (323) $ (1,295) $ (3,085)
Heating Oil Swaps And Options [Member]      
Derivative [Line Items]      
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Selling, general and administrative expenses Selling, general and administrative expenses Selling, general and administrative expenses
Derivative, Gain (Loss) on Derivative, Net $ 0 $ 0 $ 49
Soybean Meal [Member]      
Derivative [Line Items]      
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Total net sales Total net sales Total net sales
Derivative, Gain (Loss) on Derivative, Net $ (475) $ 0 $ 282
Soybean Oil      
Derivative [Line Items]      
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Total net sales Total net sales Total net sales
Derivative, Gain (Loss) on Derivative, Net $ 4,190 $ 0 $ 0
Other Commodities      
Derivative [Line Items]      
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Selling, general and administrative expenses Selling, general and administrative expenses Selling, general and administrative expenses
Derivative, Gain (Loss) on Derivative, Net $ (957) $ 0 $ 0
v3.25.4
Fair Value Measurement - Financial Instruments Measured at Fair Value on Recurring and Nonrecurring Basis (Details) - USD ($)
$ in Thousands
Jan. 03, 2026
Dec. 28, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Asset, Statement of Financial Position [Extensible Enumeration] Other assets Other assets
Derivative assets $ 23,590 $ 30,693
Total Assets $ 23,590 $ 30,693
Derivative Liability, Statement of Financial Position [Extensible Enumeration] Other noncurrent liabilities Accrued expenses
Derivative liabilities $ 2,631 $ 41,920
Contingent consideration   28,862
Total Liabilities 2,631 70,782
Quoted Prices in Active Markets for Identical Assets (Level 1)    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative assets 0 0
Total Assets 0 0
Derivative liabilities 0 0
Contingent consideration   0
Total Liabilities 0 0
Significant Other Observable Inputs (Level 2)    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative assets 23,590 30,693
Total Assets 23,590 30,693
Derivative liabilities 2,631 41,920
Contingent consideration   0
Total Liabilities 2,631 41,920
Fair Value, Inputs, Level 3    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative assets 0 0
Total Assets 0 0
Derivative liabilities 0 0
Contingent consideration   28,862
Total Liabilities $ 0 $ 28,862
v3.25.4
Fair Value Measurement - Contingent Consideration (Details) - Contingent Consideration - USD ($)
$ in Thousands
12 Months Ended
Jan. 03, 2026
Dec. 28, 2024
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Beginning balance $ 28,862 $ 86,495
Total included in earnings during period 18,024 (46,706)
Exchange rate changes 5,807 (10,927)
Payments (52,693)  
Ending balance $ 0 $ 28,862
v3.25.4
Fair Value Measurement - Financial Instruments Not Carried at Fair Value (Details) - USD ($)
$ in Thousands
Jan. 03, 2026
Dec. 28, 2024
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value $ 3,887,319 $ 3,911,374
Quoted Prices in Active Markets for Identical Assets (Level 1)    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value 0 0
Significant Other Observable Inputs (Level 2)    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value 3,887,319 3,911,374
Fair Value, Inputs, Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value 0 0
Term A Facility    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value 891,023  
Term A Facility | Quoted Prices in Active Markets for Identical Assets (Level 1)    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value 0  
Term A Facility | Significant Other Observable Inputs (Level 2)    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value 891,023  
Term A Facility | Fair Value, Inputs, Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value 0  
Revolving Credit Facility    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value 592,133 264,330
Revolving Credit Facility | Quoted Prices in Active Markets for Identical Assets (Level 1)    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value 0 0
Revolving Credit Facility | Significant Other Observable Inputs (Level 2)    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value 592,133 264,330
Revolving Credit Facility | Fair Value, Inputs, Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value 0 0
Term A-1 Facility    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value   395,015
Term A-1 Facility | Quoted Prices in Active Markets for Identical Assets (Level 1)    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value   0
Term A-1 Facility | Significant Other Observable Inputs (Level 2)    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value   395,015
Term A-1 Facility | Fair Value, Inputs, Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value   0
Term A-2 Facility    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value   469,516
Term A-2 Facility | Quoted Prices in Active Markets for Identical Assets (Level 1)    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value   0
Term A-2 Facility | Significant Other Observable Inputs (Level 2)    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value   469,516
Term A-2 Facility | Fair Value, Inputs, Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value   0
Term A-3 Facility    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value   296,261
Term A-3 Facility | Quoted Prices in Active Markets for Identical Assets (Level 1)    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value   0
Term A-3 Facility | Significant Other Observable Inputs (Level 2)    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value   296,261
Term A-3 Facility | Fair Value, Inputs, Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value   0
Term A-4 Facility    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value   478,844
Term A-4 Facility | Quoted Prices in Active Markets for Identical Assets (Level 1)    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value   0
Term A-4 Facility | Significant Other Observable Inputs (Level 2)    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value   478,844
Term A-4 Facility | Fair Value, Inputs, Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value   0
Senior Notes 6% Due 2030 | Senior Notes    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value 1,015,100 982,500
Senior Notes 6% Due 2030 | Senior Notes | Quoted Prices in Active Markets for Identical Assets (Level 1)    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value 0 0
Senior Notes 6% Due 2030 | Senior Notes | Significant Other Observable Inputs (Level 2)    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value 1,015,100 982,500
Senior Notes 6% Due 2030 | Senior Notes | Fair Value, Inputs, Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value 0 0
Senior Notes 5.25% Due 2027 | Senior Notes    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value 499,000 490,000
Senior Notes 5.25% Due 2027 | Senior Notes | Quoted Prices in Active Markets for Identical Assets (Level 1)    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value 0 0
Senior Notes 5.25% Due 2027 | Senior Notes | Significant Other Observable Inputs (Level 2)    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value 499,000 490,000
Senior Notes 5.25% Due 2027 | Senior Notes | Fair Value, Inputs, Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value 0 0
Senior Notes 4.5% Due 2032 | Senior Notes    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value 890,063  
Senior Notes 4.5% Due 2032 | Senior Notes | Quoted Prices in Active Markets for Identical Assets (Level 1)    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value 0  
Senior Notes 4.5% Due 2032 | Senior Notes | Significant Other Observable Inputs (Level 2)    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value 890,063  
Senior Notes 4.5% Due 2032 | Senior Notes | Fair Value, Inputs, Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value $ 0  
Senior Notes 3.625% Due 2026 | Senior Notes    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value   534,908
Senior Notes 3.625% Due 2026 | Senior Notes | Quoted Prices in Active Markets for Identical Assets (Level 1)    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value   0
Senior Notes 3.625% Due 2026 | Senior Notes | Significant Other Observable Inputs (Level 2)    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value   534,908
Senior Notes 3.625% Due 2026 | Senior Notes | Fair Value, Inputs, Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value   $ 0
v3.25.4
Asset Impairment, Exit and Restructuring Costs (Details)
$ in Thousands
12 Months Ended
Jan. 03, 2026
USD ($)
Dec. 28, 2024
USD ($)
agreement
Dec. 30, 2023
USD ($)
location
Restructuring Cost and Reserve [Line Items]      
Asset impairment charges $ 57,797 $ 0 $ 4,734
Restructuring and asset impairment charges 57,960 5,794 18,553
Disposal Group, Held-for-Sale, Not Discontinued Operations      
Restructuring Cost and Reserve [Line Items]      
Asset impairment charges 28,200    
Feed Ingredients      
Restructuring Cost and Reserve [Line Items]      
Asset impairment charges 30,000   2,900
Food Ingredients      
Restructuring Cost and Reserve [Line Items]      
Asset impairment charges 8,600   1,800
Food Ingredients | Disposal Group, Held-for-Sale, Not Discontinued Operations      
Restructuring Cost and Reserve [Line Items]      
Asset impairment charges 25,800    
Strategic Realignment | Feed Ingredients      
Restructuring Cost and Reserve [Line Items]      
Asset impairment charges 32,000    
Employee Severance | Feed Ingredients      
Restructuring Cost and Reserve [Line Items]      
Restructuring Costs $ 200    
Restructuring and asset impairment charges   1,000 100
Employee Severance | Food Ingredients      
Restructuring Cost and Reserve [Line Items]      
Restructuring and asset impairment charges   1,700 1,300
Employee Severance | Food Ingredients | MASSACHUSETTS      
Restructuring Cost and Reserve [Line Items]      
Restructuring and asset impairment charges     5,400
Facility Closing | Feed Ingredients      
Restructuring Cost and Reserve [Line Items]      
Asset impairment charges     2,900
Restructuring and asset impairment charges   $ 3,700 $ 1,000
Restructuring and Related Cost, Number of Locations Closed or Transferred   1 3
Facility Closing | Food Ingredients      
Restructuring Cost and Reserve [Line Items]      
Restructuring and asset impairment charges   $ 2,100 $ 100
Restructuring and Related Cost, Number of Locations Closed or Transferred | agreement   3  
Facility Closing | Food Ingredients | MASSACHUSETTS      
Restructuring Cost and Reserve [Line Items]      
Asset impairment charges     1,800
Restructuring and asset impairment charges     $ 5,900
Other Restructuring | Feed Ingredients      
Restructuring Cost and Reserve [Line Items]      
Restructuring and asset impairment charges   $ 2,700  
Other Restructuring | Food Ingredients      
Restructuring Cost and Reserve [Line Items]      
Restructuring and asset impairment charges   $ 400  
v3.25.4
Concentration of Credit Risk (Details) - Customer Concentration Risk [Member] - agreement
12 Months Ended
Jan. 03, 2026
Dec. 28, 2024
Dec. 30, 2023
Concentration Risk [Line Items]      
Number of Customers Accounted For More Than 10 Percentof Entity's Accounts Receivable 0 0  
Revenue Benchmark | Corporate Joint Venture      
Concentration Risk [Line Items]      
Concentration Risk, Percentage 20.00% 17.00% 20.00%
Maximum [Member] | Accounts Receivable      
Concentration Risk [Line Items]      
Concentration Risk, Percentage 10.00%    
v3.25.4
Contingencies (Details)
$ in Millions
1 Months Ended 12 Months Ended
Jun. 30, 2018
Party
Sep. 30, 2021
USD ($)
mi
Nov. 30, 2019
USD ($)
Mar. 31, 2016
Party
mi
Jan. 03, 2026
USD ($)
contaminant
Dec. 28, 2024
USD ($)
Loss Contingencies [Line Items]            
Loss Contingency, Estimate of Possible Loss, Area of Land | mi   9   8.3    
Loss Contingency, Estimate of Possible Loss         $ 1,380.0  
Loss Contingency, Number of Parties | Party 100     100    
Number of Contaminants | contaminant         8  
Gain (Loss) from Litigation Settlement     $ 0.6      
Insurance Environmental and Litigation Matters [Member]            
Loss Contingencies [Line Items]            
Reserves for insurance, environmental and litigation contingencies         $ 86.0 $ 97.1
Insurance Settlements Receivable, Noncurrent         27.1 $ 39.0
Pending Litigation [Member]            
Loss Contingencies [Line Items]            
Loss Contingency, Estimate of Possible Loss         165.0  
Loss Contingency, Number of Parties | Party 40          
Plant, One [Member]            
Loss Contingencies [Line Items]            
Gain (Loss) from Litigation Settlement     0.3      
Plant, Two [Member]            
Loss Contingencies [Line Items]            
Gain (Loss) from Litigation Settlement     $ 0.3      
Lower Passaic River Area            
Loss Contingencies [Line Items]            
Loss Contingency, Estimate of Possible Loss   $ 441.0        
Loss Contingency, Damages Paid, Value         $ 0.3  
v3.25.4
Business Segments - Narrative (Details)
12 Months Ended
Jan. 03, 2026
continent
Facility
segment
Segment Reporting Information [Line Items]  
Expected Business Combination, Number of Continents in which Entity Operates | continent 5
Number of reportable segments | segment 3
Minimum  
Segment Reporting Information [Line Items]  
Number of Processing and Transfer Facilities | Facility 260
v3.25.4
Business Segments - Summary of Business Segments (Details) - USD ($)
$ in Thousands
12 Months Ended
Jan. 03, 2026
Dec. 28, 2024
Dec. 30, 2023
Segment Reporting Information [Line Items]      
Total net sales $ 6,135,877 $ 5,715,175 $ 6,788,080
Cost of sales and operating expenses 4,662,419 4,437,337 5,143,060
Gross Margin 1,473,458 1,277,838 1,645,020
Gain on sale of assets (340) (4,157) (7,421)
Selling, general and administrative expenses 551,158 492,105 542,534
Restructuring and asset impairment charges 57,960 5,794 18,553
Depreciation and amortization 508,504 503,825 502,015
Acquisition and integration costs 15,942 7,842 13,884
Change in fair value of contingent consideration 18,024 (46,706) (7,891)
Equity in net income of Diamond Green Diesel (48,770) 149,082 366,380
Segment operating income/(loss) 273,440 468,217 949,726
Equity in net income of other unconsolidated subsidiaries 12,759 11,994 5,011
Segment income/(loss) 286,199 480,211 954,737
Total other expense (b) (225,173) (232,703) (234,780)
Income before income taxes 61,026 247,508 719,957
Feed Ingredients      
Segment Reporting Information [Line Items]      
Total net sales 3,990,088 3,675,609 4,472,592
Food Ingredients      
Segment Reporting Information [Line Items]      
Total net sales 1,545,030 1,489,101 1,752,065
Fuel Ingredients      
Segment Reporting Information [Line Items]      
Total net sales 600,759 550,465 563,423
Operating Segments | Feed Ingredients      
Segment Reporting Information [Line Items]      
Total net sales 3,990,088 3,675,609 4,472,592
Cost of sales and operating expenses 3,066,243 2,886,125 3,385,859
Gross Margin 923,845 789,484 1,086,733
Gain on sale of assets 879 (669) 814
Selling, general and administrative expenses 309,112 279,095 310,363
Restructuring and asset impairment charges 32,120 3,671 4,026
Depreciation and amortization 348,502 350,141 360,249
Acquisition and integration costs 0 0 0
Change in fair value of contingent consideration 18,024 (46,706) (7,891)
Equity in net income of Diamond Green Diesel 0 0 0
Segment operating income/(loss) 215,208 203,952 419,172
Equity in net income of other unconsolidated subsidiaries 12,759 11,994 5,011
Segment income/(loss) 227,967 215,946 424,183
Operating Segments | Food Ingredients      
Segment Reporting Information [Line Items]      
Total net sales 1,545,030 1,489,101 1,752,065
Cost of sales and operating expenses 1,116,978 1,115,348 1,310,581
Gross Margin 428,052 373,753 441,484
Gain on sale of assets (685) (1,758) (8,144)
Selling, general and administrative expenses 133,809 119,604 128,464
Restructuring and asset impairment charges 25,840 2,123 14,527
Depreciation and amortization 117,298 109,102 94,991
Acquisition and integration costs 0 0 0
Change in fair value of contingent consideration 0 0 0
Equity in net income of Diamond Green Diesel 0 0 0
Segment operating income/(loss) 151,790 144,682 211,646
Equity in net income of other unconsolidated subsidiaries 0 0 0
Segment income/(loss) 151,790 144,682 211,646
Operating Segments | Fuel Ingredients      
Segment Reporting Information [Line Items]      
Total net sales 600,759 550,465 563,423
Cost of sales and operating expenses 479,198 435,864 446,620
Gross Margin 121,561 114,601 116,803
Gain on sale of assets (534) (1,730) (91)
Selling, general and administrative expenses 33,615 32,370 23,543
Restructuring and asset impairment charges 0 0 0
Depreciation and amortization 36,355 35,876 34,466
Acquisition and integration costs 0 0 0
Change in fair value of contingent consideration 0 0 0
Equity in net income of Diamond Green Diesel (48,770) 149,082 366,380
Segment operating income/(loss) 3,355 197,167 425,265
Equity in net income of other unconsolidated subsidiaries 0 0 0
Segment income/(loss) 3,355 197,167 425,265
Corporate      
Segment Reporting Information [Line Items]      
Total net sales 0 0 0
Cost of sales and operating expenses 0 0 0
Gross Margin 0 0 0
Gain on sale of assets 0 0 0
Selling, general and administrative expenses 74,622 61,036 80,164
Restructuring and asset impairment charges 0 0 0
Depreciation and amortization 6,349 8,706 12,309
Acquisition and integration costs 15,942 7,842 13,884
Change in fair value of contingent consideration 0 0 0
Equity in net income of Diamond Green Diesel 0 0 0
Segment operating income/(loss) (96,913) (77,584) (106,357)
Equity in net income of other unconsolidated subsidiaries 0 0 0
Segment income/(loss) $ (96,913) $ (77,584) $ (106,357)
v3.25.4
Business Segments - Long Lived Assets (Details) - USD ($)
$ in Thousands
Jan. 03, 2026
Dec. 28, 2024
Revenues from External Customers and Long-Lived Assets [Line Items]    
Long-Lived Assets $ 8,745,416 $ 8,631,037
North America    
Revenues from External Customers and Long-Lived Assets [Line Items]    
Long-Lived Assets 5,345,444 5,518,153
Europe    
Revenues from External Customers and Long-Lived Assets [Line Items]    
Long-Lived Assets 1,429,431 1,344,033
China    
Revenues from External Customers and Long-Lived Assets [Line Items]    
Long-Lived Assets 119,926 115,152
South America    
Revenues from External Customers and Long-Lived Assets [Line Items]    
Long-Lived Assets 1,831,571 1,636,246
Other    
Revenues from External Customers and Long-Lived Assets [Line Items]    
Long-Lived Assets $ 19,044 $ 17,453
v3.25.4
Revenue (Details)
$ in Millions
12 Months Ended
Jan. 03, 2026
USD ($)
source
Dec. 28, 2024
USD ($)
Dec. 30, 2023
USD ($)
Revenue from Contract with Customer [Abstract]      
Number of Revenue Sources | source 2    
Revenue recognized | $ $ 143.6 $ 156.3 $ 171.1
v3.25.4
Revenue Disaggregation of revenues (Details) - USD ($)
$ in Thousands
12 Months Ended
Jan. 03, 2026
Dec. 28, 2024
Dec. 30, 2023
Disaggregation of Revenue [Line Items]      
Total net sales $ 6,135,877 $ 5,715,175 $ 6,788,080
North America      
Disaggregation of Revenue [Line Items]      
Total net sales 3,455,625 3,249,871 4,165,712
Europe      
Disaggregation of Revenue [Line Items]      
Total net sales 1,786,488 1,627,060 1,691,449
China      
Disaggregation of Revenue [Line Items]      
Total net sales 261,433 266,468 308,572
South America      
Disaggregation of Revenue [Line Items]      
Total net sales 570,891 504,516 534,082
Other Geographical Areas [Member]      
Disaggregation of Revenue [Line Items]      
Total net sales 61,440 67,260 88,265
Fats [Member]      
Disaggregation of Revenue [Line Items]      
Total net sales 1,779,595 1,464,012 1,904,079
Used Cooking Oil [Member]      
Disaggregation of Revenue [Line Items]      
Total net sales 445,494 351,309 497,657
Proteins [Member]      
Disaggregation of Revenue [Line Items]      
Total net sales 1,409,395 1,484,581 1,672,027
Bakery [Member]      
Disaggregation of Revenue [Line Items]      
Total net sales 195,444 190,462 255,214
Other Rendering [Member]      
Disaggregation of Revenue [Line Items]      
Total net sales 295,700 293,648 243,525
Food Ingredients, Products and Services [Member]      
Disaggregation of Revenue [Line Items]      
Total net sales 1,253,900 1,232,521 1,476,875
Bioenergy [Member]      
Disaggregation of Revenue [Line Items]      
Total net sales 600,759 550,465 563,423
Other, Products And Services [Member]      
Disaggregation of Revenue [Line Items]      
Total net sales 155,590 148,177 175,280
Food Ingredients      
Disaggregation of Revenue [Line Items]      
Total net sales 1,545,030 1,489,101 1,752,065
Food Ingredients | North America      
Disaggregation of Revenue [Line Items]      
Total net sales 416,203 402,693 469,289
Food Ingredients | Europe      
Disaggregation of Revenue [Line Items]      
Total net sales 728,393 661,756 754,846
Food Ingredients | China      
Disaggregation of Revenue [Line Items]      
Total net sales 228,534 238,059 281,139
Food Ingredients | South America      
Disaggregation of Revenue [Line Items]      
Total net sales 125,759 134,757 171,425
Food Ingredients | Other Geographical Areas [Member]      
Disaggregation of Revenue [Line Items]      
Total net sales 46,141 51,836 75,366
Food Ingredients | Fats [Member]      
Disaggregation of Revenue [Line Items]      
Total net sales 183,545 160,184 164,730
Food Ingredients | Used Cooking Oil [Member]      
Disaggregation of Revenue [Line Items]      
Total net sales 0 0 0
Food Ingredients | Proteins [Member]      
Disaggregation of Revenue [Line Items]      
Total net sales 0 0 0
Food Ingredients | Bakery [Member]      
Disaggregation of Revenue [Line Items]      
Total net sales 0 0 0
Food Ingredients | Other Rendering [Member]      
Disaggregation of Revenue [Line Items]      
Total net sales 0 0 0
Food Ingredients | Food Ingredients, Products and Services [Member]      
Disaggregation of Revenue [Line Items]      
Total net sales 1,253,900 1,232,521 1,476,875
Food Ingredients | Bioenergy [Member]      
Disaggregation of Revenue [Line Items]      
Total net sales 0 0 0
Food Ingredients | Other, Products And Services [Member]      
Disaggregation of Revenue [Line Items]      
Total net sales 107,585 96,396 110,460
Fuel Ingredients      
Disaggregation of Revenue [Line Items]      
Total net sales 600,759 550,465 563,423
Fuel Ingredients | North America      
Disaggregation of Revenue [Line Items]      
Total net sales 0 0 0
Fuel Ingredients | Europe      
Disaggregation of Revenue [Line Items]      
Total net sales 600,759 550,465 563,423
Fuel Ingredients | China      
Disaggregation of Revenue [Line Items]      
Total net sales 0 0 0
Fuel Ingredients | South America      
Disaggregation of Revenue [Line Items]      
Total net sales 0 0 0
Fuel Ingredients | Other Geographical Areas [Member]      
Disaggregation of Revenue [Line Items]      
Total net sales 0 0 0
Fuel Ingredients | Fats [Member]      
Disaggregation of Revenue [Line Items]      
Total net sales 0 0 0
Fuel Ingredients | Used Cooking Oil [Member]      
Disaggregation of Revenue [Line Items]      
Total net sales 0 0 0
Fuel Ingredients | Proteins [Member]      
Disaggregation of Revenue [Line Items]      
Total net sales 0 0 0
Fuel Ingredients | Bakery [Member]      
Disaggregation of Revenue [Line Items]      
Total net sales 0 0 0
Fuel Ingredients | Other Rendering [Member]      
Disaggregation of Revenue [Line Items]      
Total net sales 0 0 0
Fuel Ingredients | Food Ingredients, Products and Services [Member]      
Disaggregation of Revenue [Line Items]      
Total net sales 0 0 0
Fuel Ingredients | Bioenergy [Member]      
Disaggregation of Revenue [Line Items]      
Total net sales 600,759 550,465 563,423
Fuel Ingredients | Other, Products And Services [Member]      
Disaggregation of Revenue [Line Items]      
Total net sales 0 0 0
Feed Ingredients      
Disaggregation of Revenue [Line Items]      
Total net sales 3,990,088 3,675,609 4,472,592
Feed Ingredients | North America      
Disaggregation of Revenue [Line Items]      
Total net sales 3,039,422 2,847,178 3,696,423
Feed Ingredients | Europe      
Disaggregation of Revenue [Line Items]      
Total net sales 457,336 414,839 373,180
Feed Ingredients | China      
Disaggregation of Revenue [Line Items]      
Total net sales 32,899 28,409 27,433
Feed Ingredients | South America      
Disaggregation of Revenue [Line Items]      
Total net sales 445,132 369,759 362,657
Feed Ingredients | Other Geographical Areas [Member]      
Disaggregation of Revenue [Line Items]      
Total net sales 15,299 15,424 12,899
Feed Ingredients | Fats [Member]      
Disaggregation of Revenue [Line Items]      
Total net sales 1,596,050 1,303,828 1,739,349
Feed Ingredients | Used Cooking Oil [Member]      
Disaggregation of Revenue [Line Items]      
Total net sales 445,494 351,309 497,657
Feed Ingredients | Proteins [Member]      
Disaggregation of Revenue [Line Items]      
Total net sales 1,409,395 1,484,581 1,672,027
Feed Ingredients | Bakery [Member]      
Disaggregation of Revenue [Line Items]      
Total net sales 195,444 190,462 255,214
Feed Ingredients | Other Rendering [Member]      
Disaggregation of Revenue [Line Items]      
Total net sales 295,700 293,648 243,525
Feed Ingredients | Food Ingredients, Products and Services [Member]      
Disaggregation of Revenue [Line Items]      
Total net sales 0 0 0
Feed Ingredients | Bioenergy [Member]      
Disaggregation of Revenue [Line Items]      
Total net sales 0 0 0
Feed Ingredients | Other, Products And Services [Member]      
Disaggregation of Revenue [Line Items]      
Total net sales $ 48,005 $ 51,781 $ 64,820
v3.25.4
Revenue Long-Term Performance Obligations (Details) - USD ($)
$ in Millions
12 Months Ended
Jan. 03, 2026
Dec. 28, 2024
Dec. 30, 2023
Revenue from Contract with Customer [Abstract]      
Revenue recognized $ 143.6 $ 156.3 $ 171.1
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]      
Revenue recognized $ 143.6 $ 156.3 $ 171.1
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-03      
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]      
Expected timing of satisfaction 2 years    
Remaining performance obligation $ 579.1    
v3.25.4
Related Party Transactions (Details)
12 Months Ended
Jun. 15, 2023
USD ($)
Apr. 01, 2021
USD ($)
agreement
May 01, 2019
USD ($)
Jan. 03, 2026
USD ($)
Dec. 28, 2024
USD ($)
Dec. 30, 2023
USD ($)
Dec. 31, 2022
USD ($)
Feb. 25, 2020
USD ($)
agreement
Related Party Transaction [Line Items]                
Revenue from Contract with Customer, Excluding Assessed Tax       $ 6,135,877,000 $ 5,715,175,000 $ 6,788,080,000    
Number Of Terminaling Agreements | agreement               2
Related Party, Unrecorded Unconditional Guarantee               $ 50,000,000
GTL Terminaling Agreements [Domain]                
Related Party Transaction [Line Items]                
Number Of Terminaling Agreements | agreement   2            
Related Party, Unrecorded Unconditional Guarantee   $ 160,000,000            
Related Party, Initial Agreement Term   20 years            
Diamond Green Diesel Holdings LLC Joint Venture [Member]                
Related Party Transaction [Line Items]                
Revenue from Contract with Customer, Excluding Assessed Tax       1,200,000,000 1,000,000,000.0 1,300,000,000    
Accounts receivable       33,700,000 9,500,000      
Related Party, Sales Eliminated       51,600,000 50,500,000 79,400,000    
Deferred Revenue, Additions       13,600,000 3,700,000 16,100,000    
Revolving Credit Facility | Revolving Loan Agreement [Member]                
Related Party Transaction [Line Items]                
Line of Credit Facility, Maximum Borrowing Capacity $ 200,000,000.0   $ 50,000,000.0          
Line of Credit Facility, Fair Value of Amount Outstanding       0 0      
Line of Credit Facility, Amount Borrowed       50,000,000.0 200,000,000.0   $ 50,000,000.0  
Interest Expense, Long-term Debt       100,000 1,600,000 $ 600,000    
Lender One [Member] | Revolving Credit Facility | Revolving Loan Agreement [Member]                
Related Party Transaction [Line Items]                
Line of Credit Facility, Maximum Borrowing Capacity $ 100,000,000.0   $ 25,000,000.0          
Line of Credit Facility, Amount Borrowed       $ 25,000,000.0 $ 100,000,000.0   $ 25,000,000.0  
LIBO Rate [Member] | Revolving Credit Facility | Revolving Loan Agreement [Member]                
Related Party Transaction [Line Items]                
Debt instrument, basis spread on variable rate     2.50%          
Secured Overnight Financing Rate (SOFR) | Revolving Credit Facility | Revolving Loan Agreement [Member]                
Related Party Transaction [Line Items]                
Debt instrument, basis spread on variable rate 2.50%              
v3.25.4
Cash Flow Information (Details) - USD ($)
$ in Thousands
12 Months Ended
Jan. 03, 2026
Dec. 28, 2024
Dec. 30, 2023
Nonmonetary Transactions [Abstract]      
Change in accrued capital expenditures $ 19,886 $ (19,167) $ 2,222
Interest, net of capitalized interest 202,957 243,679 261,321
Operating lease right of use asset obtained in exchange for new lease liabilities 82,492 73,118 79,462
Debt issued for assets $ 157 $ 362 $ 3,827
v3.25.4
Cash Flow Information - Income Tax Payments (Details) - USD ($)
$ in Thousands
12 Months Ended
Jan. 03, 2026
Dec. 28, 2024
Dec. 30, 2023
Income Tax Paid, by Individual Jurisdiction [Line Items]      
U.S. - Federal $ (10,421)    
U.S. - State and local (344)    
Total foreign 69,190    
Total U.S. and foreign 58,425 $ 102,700 $ 152,700
Belgium      
Income Tax Paid, by Individual Jurisdiction [Line Items]      
Total foreign 8,872    
Brazil      
Income Tax Paid, by Individual Jurisdiction [Line Items]      
Total foreign 38,716    
Canada - Federal      
Income Tax Paid, by Individual Jurisdiction [Line Items]      
Total foreign 7,950    
Canada - Ontario      
Income Tax Paid, by Individual Jurisdiction [Line Items]      
Total foreign 4,009    
China      
Income Tax Paid, by Individual Jurisdiction [Line Items]      
Total foreign 9,987    
Netherlands      
Income Tax Paid, by Individual Jurisdiction [Line Items]      
Total foreign (9,820)    
Poland      
Income Tax Paid, by Individual Jurisdiction [Line Items]      
Total foreign 2,989    
Other foreign jurisdictions      
Income Tax Paid, by Individual Jurisdiction [Line Items]      
Total foreign $ 6,487