Cover - USD ($)	12 Months Ended
Cover - USD ($)	Dec. 30, 2023	Feb. 22, 2024	Jul. 01, 2023
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	--12-30
Entity Filer Category	Large Accelerated Filer
Document Type	10-K
Document Period End Date	Dec. 30, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 10,059,866,000
Entity Common Stock, Shares Outstanding		159,611,336
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 2024 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

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 126,502	$ 127,016
Restricted cash	292	315
Inventories	758,739	673,621
Prepaid expenses	105,657	85,665
Income taxes refundable	23,599	18,583
Other current assets	42,586	56,324
Total current assets	1,855,666	1,638,097
Property, plant and equipment, net	2,935,185	2,462,082
Intangible assets, net	1,075,892	865,122
Goodwill	2,484,502	1,970,377
Investment in unconsolidated subsidiaries	2,251,629	1,926,395
Operating right-of-use assets, net	205,539	186,141
Other assets	234,960	136,268
Deferred income taxes	17,711	17,888
Total assets	11,061,084	9,202,370
Current liabilities:
Current portion of long-term debt	60,703	69,846
Accounts payable, principally trade	425,588	472,491
Income taxes payable	15,522	44,851
Operating lease liability, current	55,325	49,232
Accrued expenses	440,999	432,023
Total current liabilities	998,137	1,068,443
Long-term debt, net of current portion	4,366,370	3,314,969
Operating lease liability, non-current	154,903	141,703
Other noncurrent liabilities	349,809	298,933
Deferred income taxes	498,174	481,832
Total liabilities	6,367,393	5,305,880
Commitments and contingencies
Stockholders’ equity:
Common stock, $0.01 par value; 250,000,000 shares authorized, 174,427,981 and 173,593,099 shares issued at December 30, 2023 and December 31, 2022, respectively	1,744	1,736
Additional paid-in capital	1,697,787	1,660,084
Treasury stock, at cost; 14,894,192 and 13,623,503 shares at December 30, 2023 and December 31, 2022, respectively	(629,008)	(554,451)
Accumulated other comprehensive loss	(198,346)	(383,874)
Retained earnings	3,733,254	3,085,528
Total Darling's stockholders’ equity	4,605,431	3,809,023
Noncontrolling interests	88,260	87,467
Total stockholders’ equity	4,693,691	3,896,490
Total liabilities and stockholders' equity	11,061,084	9,202,370
Nonrelated Party
Current assets:
Accounts receivable	626,008	559,695
Related Party
Current assets:
Accounts receivable	$ 172,283	$ 116,878

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Dec. 30, 2023	Dec. 31, 2022
Assets [Abstract]
Accounts Receivable, Allowance for Credit Loss, Current	$ 15,208	$ 11,889
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)	174,427,981	173,593,099
Treasury stock (in shares)	14,894,192	13,623,503

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022
Net sales	$ 6,788,080	$ 6,532,204	$ 4,741,369
Costs and expenses:
Cost of sales and operating expenses	5,143,060	5,002,609	3,499,385
Gain on sale of assets	(7,421)	(4,494)	(958)
Selling, general and administrative expenses	542,534	436,608	391,538
Restructuring Costs and Asset Impairment Charges	18,553	29,666	778
Depreciation and amortization	502,015	394,721	316,387
Acquisition and integration costs	13,884	16,372	1,396
Change in fair value of contingent consideration	(7,891)	0	0
Total costs and expenses	6,204,734	5,875,482	4,208,526
Equity In net income of Diamond Green Diesel	366,380	372,346	351,627
Operating income	949,726	1,029,068	884,470
Other expense:
Interest expense	(259,223)	(125,566)	(62,077)
Foreign currency gain/(loss)	8,133	(11,277)	(2,199)
Other income/(expense), net	16,310	(3,609)	(4,551)
Total other expense	(234,780)	(140,452)	(68,827)
Equity in net income of other unconsolidated subsidiaries	5,011	5,102	5,753
Income before income taxes	719,957	893,718	821,396
Income tax expense	59,568	146,626	164,106
Net income	660,389	747,092	657,290
Net income attributable to noncontrolling interests	(12,663)	(9,402)	(6,376)
Net income attributable to Darling	$ 647,726	$ 737,690	$ 650,914
Net income per share:
Basic (in dollars per share)	$ 4.05	$ 4.58	$ 4.01
Diluted (in dollars per share)	$ 3.99	$ 4.49	$ 3.90

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022
Net income	$ 660,389	$ 747,092	$ 657,290
Other comprehensive income (Loss), net of tax:
Foreign currency translation	139,651	(87,856)	(74,219)
Pension adjustments	2,284	8,966	12,669
Total other comprehensive income/(loss), net of tax	182,489	(65,258)	(64,792)
Total comprehensive income	842,878	681,834	592,498
Comprehensive income attributable to noncontrolling interests	9,624	6,328	10,841
Comprehensive income attributable to Darling	833,254	675,506	581,657
Commodity derivative adjustments
Other comprehensive income (Loss), net of tax:
Derivative adjustments	33,813	1,428	2,591
Foreign exchange derivative adjustments
Other comprehensive income (Loss), net of tax:
Derivative adjustments	3,732	12,204	(5,833)
Interest rate swap derivative adjustments
Other comprehensive income (Loss), net of tax:
Derivative adjustments	$ 3,009	$ 0	$ 0

Consolidated Statements of Stockholders’ Equity - USD ($) $ in Thousands	Total	Parent [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Treasury Stock, Common	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Noncontrolling Interest [Member]	Commodity derivative adjustments	Commodity derivative adjustments Parent [Member]	Commodity derivative adjustments AOCI Attributable to Parent [Member]	Foreign exchange derivative adjustments	Foreign exchange derivative adjustments Parent [Member]	Foreign exchange derivative adjustments AOCI Attributable to Parent [Member]	Interest rate swap derivative adjustments	Interest rate swap derivative adjustments Parent [Member]	Interest rate swap derivative adjustments AOCI Attributable to Parent [Member]
Balance (in shares) at Jan. 02, 2021			162,200,389
Stockholders' Equity, Beginning Balance at Jan. 02, 2021	$ 2,954,209	$ 2,891,909	$ 1,699	$ 1,597,429	$ (151,710)	$ (252,433)	$ 1,696,924	$ 62,300
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	657,290	650,914					650,914	6,376
Distribution of noncontrolling interest earnings	(6,316)							(6,316)
Pension adjustments, net of tax	12,669	12,669				12,669
Derivative adjustments									$ 2,591	$ 2,591	$ 2,591	$ (5,833)	$ (5,833)	$ (5,833)	$ 0
Foreign currency translation adjustments	(74,219)	(78,684)				(78,684)		4,465
Stock Issued During Period, Value, Restricted Stock Award, Gross	171	171		171
Stock-based compensation	21,666	21,666		21,666
Treasury stock (in shares)			(3,262,750)
Treasury stock	(223,011)	(223,011)			(223,011)
Issuance of common stock (in shares)			1,854,365
Issuance of common stock	8,568	8,568	$ 18	8,550
Balance (in shares) at Jan. 01, 2022			160,792,004
Stockholders' Equity, Ending Balance at Jan. 01, 2022	3,347,785	3,280,960	$ 1,717	1,627,816	(374,721)	(321,690)	2,347,838	66,825
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	747,092	737,690					737,690	9,402
Noncontrolling Interest, Increase from Business Combination	18,058							18,058
Distribution of noncontrolling interest earnings	(3,744)							(3,744)
Pension adjustments, net of tax	8,966	8,966				8,966
Derivative adjustments									1,428	1,428	1,428	12,204	12,204	12,204	0
Foreign currency translation adjustments	(87,856)	(84,782)				(84,782)		(3,074)
Stock Issued During Period, Shares, Restricted Stock Award, Gross			8,000
Stock Issued During Period, Value, Restricted Stock Award, Gross	155	155		155
Stock-based compensation	24,850	24,850		24,850
Treasury stock (in shares)			(2,680,904)
Treasury stock	(179,730)	(179,730)			(179,730)
Issuance of common stock (in shares)			1,850,496
Issuance of common stock	7,282	7,282	$ 19	7,263
Balance (in shares) at Dec. 31, 2022			159,969,596
Stockholders' Equity, Ending 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

Consolidated Statements of Stockholders’ Equity (Parenthetical) - $ / shares	Dec. 30, 2023	Dec. 31, 2022
Statement of Stockholders' Equity [Abstract]
Common stock, par value (in usd per share)	$ 0.01	$ 0.01

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022
Cash flows from operating activities:
Net income	$ 660,389	$ 747,092	$ 657,290
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	502,015	394,721	316,387
Deferred income taxes	(22,241)	46,734	96,812
Gain on sale of assets	(7,421)	(4,494)	(958)
Asset impairment	4,734	29,666	138
Change in fair value of contingent consideration	(7,891)	0	0
Decrease in long-term pension liability	(1,040)	(7,037)	(4,742)
Stock-based compensation expense	33,156	25,005	21,837
Write-off deferred loan costs	653	0	1,130
Deferred loan cost amortization	6,216	4,984	4,038
Equity in net income of Diamond Green Diesel and other unconsolidated subsidiaries	(371,391)	(377,448)	(357,380)
Distributions of earnings from Diamond Green Diesel and other unconsolidated subsidiaries	168,277	95,546	4,611
Changes in operating assets and liabilities, net of effects from acquisitions:
Accounts receivable	(10,832)	(56,543)	(79,954)
Income taxes refundable/payable	(39,933)	(3,495)	18,826
Inventories and prepaid expenses	49,582	(130,170)	(72,919)
Accounts payable and accrued expenses	(82,939)	65,936	84,580
Other	17,929	(16,758)	14,724
Net cash provided by operating activities	899,263	813,739	704,420
Cash flows from investing activities:
Capital expenditures	(555,480)	(391,309)	(274,126)
Acquisitions, net of cash acquired	(1,093,183)	(1,772,437)	(2,059)
Investment in Diamond Green Diesel	(75,000)	(264,750)	(189,000)
Investment in other unconsolidated subsidiaries	(27)	0	(4,449)
Loan to Diamond Green Diesel	0	(50,000)	(25,000)
Loan repayment from Diamond Green Diesel	25,000	50,000	0
Gross proceeds from sale of property, plant and equipment and other assets	10,748	13,442	4,645
Proceeds from insurance settlement	14,014	0	0
Payments related to routes and other intangibles	(1,524)	(1,492)	(274)
Net cash used in investing activities	(1,675,452)	(2,416,546)	(490,263)
Cash flows from financing activities:
Proceeds from long-term debt	817,101	1,934,885	43,824
Payments on long-term debt	(319,367)	(63,078)	(142,133)
Borrowings from revolving credit facility	2,666,360	1,873,795	620,601
Payments on revolving credit facility	(2,194,902)	(1,897,280)	(515,424)
Net cash overdraft financing	(9,780)	24,069	(3,845)
Acquisition hold-back payments	(3,793)	0	0
Deferred loan costs	(9)	(16,780)	(3,809)
Issuance of common stock	0	0	50
Repurchase of common stock	(52,941)	(125,531)	(167,708)
Minimum withholding taxes paid on stock awards	(17,296)	(46,944)	(46,894)
Distributions to noncontrolling interests	(9,081)	(4,532)	(6,022)
Net cash provided/(used) in financing activities	876,292	1,678,604	(221,360)
Effect of exchange rate changes on cash flows	14,179	5,299	(5,445)
Net increase/(decrease) in cash, cash equivalents and restricted cash	114,282	81,096	(12,648)
Cash, cash equivalents and restricted cash at beginning of year	150,168	69,072	81,720
Cash, cash equivalents and restricted cash at end of year	$ 264,450	$ 150,168	$ 69,072

General

12 Months Ended

Dec. 30, 2023

General [Abstract]

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 21 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 represents 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 52 weeks ended December 30, 2023, the 52 weeks ended December 31, 2022, and the 52 weeks ended January 1, 2022.

(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 Statement 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 Statement of Cash Flows. Restricted cash shown on the Consolidated Balance Sheet as of December 30, 2023 and December 31, 2022, primarily represented amounts set aside as collateral for foreign construction projects and U. S. environmental claims and were insignificant to the Company. Restricted cash included in other assets as of December 30, 2023 and December 31, 2022, primarily represents 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 Statement of Cash flows is as follows (in thousands):


	December 30, 2023		December 31, 2022
Cash and cash equivalents	$	126,502	$	127,016
Restricted cash	292		315
Restricted cash included in other long-term assets	137,656		22,837
Total cash, cash equivalents and restricted cash shown in the statement of cash flows	$	264,450	$	150,168

(5) Accounts Receivable and Allowance for Doubtful Accounts

The Company maintains allowances for doubtful accounts 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 doubtful accounts 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 December 30, 2023, December 31, 2022 and January 1, 2022, the Company sold approximately $532.6 million, $582.0 million and $443.6 million, respectively of its trade receivables and incurred approximately $7.5 million, $4.0 million and $1.1 million in fees, which are recorded as interest expense, 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, 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; 3 to 7 years for non-compete agreements; and 4 to 15 years for trade names. Royalties, product development, patents, consulting, land use rights 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 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. In fiscal 2022, the Company recorded asset impairment charges related to its food segment long-lived assets of approximately $18.4 million and feed segment long-lived assets of approximately $8.6 million and in fiscal 2021 the company recorded asset impairment charges related to its fuel segment long-lived assets of approximately $0.1 million. See Note 18 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 an other indefinite lived intangible asset is 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 2023, the Company performed a quantitative approach to valuing goodwill and indefinite-lived intangible assets at October 28, 2023 and as a result determined the fair values of the Company’s reporting units containing goodwill exceeded the related carrying values. In fiscal 2022 and 2021, the Company performed a qualitative impairment analysis for its annual goodwill and indefinite-lived intangible assets at October 29, 2022 and October 30, 2021, respectively. Based on the Company’s annual impairment testing at October 29, 2022 and October 30, 2021, respectively, we concluded it is more likely than not that the fair values of the Company’s reporting units containing goodwill and indefinite lived

intangible assets exceeded the related carrying value. However, in December 2022, the Company’s management reviewed our global network of collagen plants for optimization opportunities and decided to close our Peabody, Massachusetts, plant in 2023. As a result of the restructuring, the Company incurred goodwill impairment charges in fiscal 2022. Goodwill was approximately $2.5 billion and $2.0 billion at December 30, 2023 and December 31, 2022, respectively. See Note 7 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 and subsequently measured at the present value of the unpaid lease payments at the lease commencement date. 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 payments 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)
			December 30,					December 31,					January 1,
			2023					2022					2022
	Income		Shares	Per-Share		Income		Shares	Per-Share		Income		Shares	Per-Share
Basic:
Net income attributable to Darling	$	647,726	159,861	$	4.05	$	737,690	161,000	$	4.58	$	650,914	162,454	$	4.01

Diluted:
Effect of dilutive securities
Add: Option shares in the money and dilutive effect of nonvested stock	—		3,314	—		—		3,831	—		—		5,468	—
Less: Pro-forma treasury shares	—		(788)	—		—		(710)	—		—		(826)	—
Diluted:
Net income attributable to Darling	$	647,726	162,387	$	3.99	$	737,690	164,121	$	4.49	$	650,914	167,096	$	3.90

There were no outstanding stock options excluded in fiscal 2023, 2022 and 2021 from diluted income per common share as the effect was antidilutive. For fiscal 2023, 2022 and 2021, respectively, 311,919, 266,246 and 195,542 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 for the year ended December 30, 2023, December 31, 2022 and January 1, 2022 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 December 30, 2023, December 31, 2022 and January 1, 2022 was approximately $33.2 million, $25.0 million and $21.8 million, respectively, which is included in selling, general and administrative expenses, and the related income tax benefit recognized was approximately $2.6 million, $1.7 million and $1.8 million, respectively. See Note 13 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 Russia-Ukraine war, the Israeli-Palestinian conflict 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 December 30, 2023, the Company has not observed any impairments of the Company’s assets or a significant change in their fair value due to the Russia-Ukraine war, the Israeli-Palestinian conflict or inflation.

(16) Out of Period Correction

During the quarter ended July 1, 2023, the Company determined the fair value of the contingent consideration liability recorded related to the FASA Group of approximately R$867.5 million (approximately $168.1 million USD at the exchange rate in effect on the closing date of the acquisition) was overstated in the initial purchase price allocation. The error was the result of the use of an incorrect fair value model under the income approach to determine fair value of the contingent consideration liability upon acquisition. Utilizing assistance from external valuation experts and the use of a Monte Carlo simulation, the Company determined during the quarter ended July 1, 2023 the acquisition date fair value of the contingent payment was R$428.2 million (approximately $83.0 million USD at the exchange rate in effect on the closing date of the acquisition) representing the probability weighted present value of the expected payment to be made under the agreement using the income approach. This resulted in an overstatement of the fair value of the contingent consideration liability of approximately $85.1 million on the acquisition date.

The Company assessed the impact of this error and concluded that it was not material and did not affect previously issued financial statements for any interim or annual period, and the correction of the error during the quarter ended July 1, 2023 was not material to the second quarter 2023 financial statements and is not material to the annual financial statements for fiscal 2023. The correction of the fair value of the contingent consideration liability at the acquisition date was recorded as an immaterial out-of-period correction during the quarter ended July 1, 2023 with the offset to the balance sheet recorded as a reduction to goodwill of approximately $85.1 million, which is included in the Feed Ingredients segment.

(17) 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, 3.625% Senior Notes due 2026, term loans and revolver borrowings outstanding at December 30, 2023, as described in Note 10 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 17 for financial instruments' fair values.

(18) 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 income (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.

(19) 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 22 to the consolidated financial statements.

(20) Related Party Transactions

The Company announced in January 2011 that a wholly-owned subsidiary of Darling entered into 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 23 for further information on the Company’s related party transactions.

(21) 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 $142.7 million, $(84.8) million and $(78.7) million in fiscal 2023, 2022 and 2021, respectively.

(22) Reclassification

Certain immaterial prior year amounts have been reclassified to conform to current year presentation.

(23) 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.

Investment in Unconsolidated Subsidiary

12 Months Ended

Dec. 30, 2023

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, 2023		December 31, 2022
Assets:
Total current assets	$	1,877,430	$	1,304,805
Property, plant and equipment, net	3,838,800		3,866,854
Other assets	89,697		61,665
Total assets	$	5,805,927	$	5,233,324
Liabilities and members' equity:
Total current portion of long term debt	$	278,639	$	217,066
Total other current liabilities	417,918		515,023
Total long term debt	737,097		774,783
Total other long term liabilities	16,996		17,249
Total members' equity	4,355,277		3,709,203
Total liabilities and member's equity	$	5,805,927	$	5,233,324


	Year Ended December 31,
(in thousands)	2023		2022		2021
Revenues:
Operating revenues	$	6,990,622	$	5,501,166	$	2,342,332
Expenses:
Total costs and expenses less lower of cost or market inventory valuation adjustment and depreciation, amortization and accretion expense	5,925,778		4,614,192		1,575,494
Lower of cost or market (LCM) inventory valuation adjustment	60,871		—		—
Depreciation, amortization and accretion expense	230,921		125,656		58,326
Operating income	773,052		761,318		708,512
Other income	10,317		3,170		678
Interest and debt expense, net	(49,857)		(19,796)		(5,936)
Income before income tax expense	$	733,512	$	744,692	$	703,254
Income tax expense	752		—		—
Net income	$	732,760	$	744,692	$	703,254

As of December 30, 2023, under the equity method of accounting, the Company has an investment in the DGD Joint Venture of approximately $2.2 billion on the consolidated balance sheet. The Company has recorded approximately $366.4 million, $372.3 million and $351.6 million in equity in net income of Diamond Green Diesel for the years ended December 30, 2023, December 31, 2022 and January 1, 2022, respectively. In December 2019, the blender tax credit was extended for calendar years 2020, 2021 and 2022. Biodiesel blenders registered with the Internal Revenue Service are currently eligible for a tax incentive in the amount of $1.00 per gallon of renewable diesel blended with petroleum diesel to produce a mixture containing at least 0.1% diesel fuel. On August 16, 2022, the U.S. government enacted the Inflation Reduction Act ( the “IR Act”). As part of the IR Act, the blender tax credit was extended until December 31, 2024. After 2024, the Clean Fuels Production Credit (the “CFPC”) becomes effective for 2025 through 2027. Under the CFPC, on-road transportation fuel receives a base credit of up to $1.00 per gallon of renewable diesel multiplied by the fuel's emission reduction percentage as long as it is produced at a qualifying facility and it meets prevailing wage requirements and apprenticeship requirements. In contrast to the blenders tax credits, the CFPC requires that production must take place in the United States. In fiscal 2023, fiscal 2022 and fiscal 2021, the DGD Joint Venture recorded approximately $1.2 billion, $761.1 million and $371.2 million, respectively, in blenders tax credits. The Company received approximately $163.6 million, $90.5 million and zero for each of the years ended December 30, 2023, December 31, 2022 and January 1, 2022, in dividend distributions from the DGD Joint Venture. In addition, during fiscal year 2023, 2022 and 2021, the Company made capital contributions to the DGD Joint Venture of approximately $75.0 million, $264.8 million and $189.0 million, respectively. As of December 30, 2023, the DGD Joint Venture has borrowings outstanding of $250.0 million under their unsecured revolving credit facility.

In addition to the DGD Joint Venture, the Company has investments in other unconsolidated subsidiaries that are insignificant to the Company.

Acquisitions

12 Months Ended

Dec. 30, 2023

Business Combinations [Abstract]

ACQUISITIONS

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 $855.1 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 acquisition consideration hold-back amounts that are part of the purchase price set aside in escrow 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 gelatin 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 and fourth quarters of fiscal 2023, the Company made immaterial working capital adjustments and 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. In addition, the Company obtained new information about facts and circumstances that existed at the acquisition date during the third and fourth quarter of 2023 that resulted in measurement period adjustments to increase property, plant and equipment by approximately $27.7 million, increase intangible assets by approximately $65.0 million, decrease goodwill by approximately $88.6 million, increase deferred tax liabilities by approximately $3.7 million and a decrease in other assets and liabilities of approximately $0.4 million.

The following table summarizes the preliminary estimated fair value of the assets acquired and the liabilities assumed in the Gelnex Acquisition as of March 31, 2023 (in thousands) inclusive of all measurement period adjustments recorded:


Accounts receivable	$	81,025
Inventories	140,865
Other current assets	3,143
Property, plant and equipment	155,493
Identifiable intangible assets	349,000
Goodwill	551,719
Operating lease right-of-use assets	134
Other assets	2,703
Deferred tax asset	993
Accounts payable	(15,059)
Current portion of long-term debt	(44,692)
Current operating lease liabilities	(26)
Accrued expenses	(18,719)
Long-term debt, net of current portion	(1,407)
Long-term operating lease liabilities	(123)
Deferred tax liability	(7,803)
Other noncurrent liabilities	(19)
Purchase price, net of cash acquired	$	1,197,227
Less hold-back	104,145
Cash paid for acquisition, net of cash acquired	$	1,093,082

The $551.7 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 preliminary goodwill booked in the Gelnex Acquisition approximately $435.7 million is expected to be deductible for tax purposes. The identifiable intangible assets include $341.0 million in customer relationships with a weighted average life of 11.4 years and $8.0 million in trade name with a life of 5 years for a total weighted average life of approximately 11.3 years. Due to the complexity of acquiring foreign entities in Brazil and Paraguay, the Company is still assessing the provisional amounts recorded for assets acquired and liabilities assumed including possible future purchase price adjustments to property, plant and equipment, intangible assets and taxes, thus the final determination of the value of assets acquired and liabilities assumed may result in retrospective adjustment to the values presented in the table above with a corresponding adjustment to goodwill.

The amount of net sales and net income (loss) from the Gelnex Acquisition included in the Company’s consolidated statement of operations for the year ended December 30, 2023 was $267.1 million and $(26.2) million, respectively. The Company incurred acquisition costs related to the Gelnex Acquisition for the year ended December 30, 2023 of approximately $6.7 million.

FASA Group

On August 1, 2022, the Company acquired all of the shares of the FASA Group, the largest independent rendering company in Brazil, pursuant to a stock purchase agreement dated May 5, 2022 (the “FASA Acquisition”). The FASA Group, with its 14 rendering plants and an additional two plants under construction, will supplement the Company’s global supply of waste fats, enhancing it as a leader in the supply of low-carbon waste fats and oils.

The Company initially paid approximately R$2.9 billion Brazilian Real in cash (approximately $562.6 million USD at the exchange rate in effect on the closing date of the acquisition) for all the shares of the FASA Group, subject to certain post closing adjustments and a contingent payment based on future earnings growth in accordance with the terms set forth in the stock purchase agreement. Under the stock purchase agreement, such contingent payment could range from R$0 to a maximum of R$1.0 billion if future earnings growth reaches certain levels over a three year period. The Company completed an initial analysis as of the acquisition date for this contingency and recorded a liability of approximately R$867.5 million (approximately $168.1 million USD at the exchange rate in effect on the closing date of the acquisition) representing the present value of the maximum contingency under the income approach. The Company will analyze the contingency each quarter and any change will be booked through operating income.

As disclosed in Note 1, as a result of the immaterial out-of-period correction identified during the quarter ended July 1, 2023, utilizing assistance from external valuation experts and the use of a Monte Carlo model, the Company

determined the acquisition date fair value of the contingent consideration was R$428.2 million (approximately $83.0 million USD at the exchange rate in effect on the closing date of the acquisition) representing the probability weighted present value of the expected payment to be made under the agreement using the income approach, resulting in an overstatement of the fair value of the contingent consideration liability of approximately $85.1 million. The immaterial out-of-period correction reduced the acquisition date fair value of contingent consideration liability and goodwill associated with the FASA Acquisition by approximately $85.1 million during the quarter ended July 1, 2023. The Company will analyze the contingent consideration liability using a Monte Carlo model each quarter and any change in fair value will be recorded through operating income as changes in fair value of contingent consideration including the accretion of the change in the long-term liability.

The hold-back and contingent consideration amounts represent noncash investing activities during the period of acquisition. The Company initially financed the FASA Acquisition by borrowing approximately $515.0 million of revolver borrowings under the Amended Credit Agreement, with the remainder coming from cash on hand. During the fourth quarter of fiscal 2022, the Company made immaterial working capital adjustments and made a cash payment for a working capital purchase price adjustment per the stock purchase agreement of approximately $7.1 million with an offset to goodwill. The Company obtained new information about facts and circumstances that existed at the acquisition date during the first and second quarter of 2023 that resulted in measurement period adjustments to increase property, plant and equipment by approximately $81.5 million, decrease intangible assets by approximately $41.7 million, decrease goodwill by approximately $21.5 million, increase deferred tax liabilities by approximately $16.0 million and increase other assets and liabilities by approximately $2.3 million, with the net impact of the adjustments to the consolidated statement of operations being immaterial.

The following table summarizes the final fair value of the assets acquired and the liabilities (in thousands), assumed in the FASA Acquisition as of August 1, 2022 at the exchange rate of R$5.16:USD$1.00 as adjusted for the immaterial out of period correction disclosed in Note 1 (16) and inclusive of all measurement adjustments recorded:


Accounts receivable	$	76,640
Inventories	43,058
Other current assets	33,327
Property, plant and equipment	224,384
Identifiable intangible assets	119,477
Goodwill	301,937
Operating lease right-of-use assets	583
Other assets	62,388
Deferred tax asset	2,315
Accounts payable	(15,920)
Current portion of long-term debt	(18,680)
Accrued expenses	(38,708)
Long-term debt, net of current portion	(41,926)
Long-term operating lease liabilities	(583)
Deferred tax liability	(95,653)
Other noncurrent liabilities	(503)
Non-controlling interests	(21,704)
Purchase price, net of cash acquired	$	630,432
Less hold-back	21,705
Less contingent consideration (1)	82,984
Cash paid for acquisition, net of cash acquired	$	525,743

(1) As disclosed in Note 1 (16), the immaterial out-of-period correction made during the quarter ended July 1, 2023 resulted in a reduction of goodwill and contingent consideration liability recorded associated with the FASA Acquisition of approximately $85.1 million.

The $301.9 million of goodwill from the FASA Acquisition, which is expected to strengthen the Company’s base business and expand its ability to provide additional low carbon intensity feedstocks to fuel the growing demand for renewable diesel, was assigned to the Feed Ingredients segment and is nondeductible for tax purposes. The identifiable intangible assets include $108.6 million in collection routes with a life of 12 years and $10.9 million in trade name with a life of 5 years for a total weighted average life of approximately 11.4 years.

The amount of net sales and net income from the FASA Acquisition included in the Company’s consolidated statement of operations for the twelve months ended December 30, 2023 were $362.7 million and $3.5 million, respectively.

Valley Proteins

On May 2, 2022, the Company acquired all of the shares of Valley Proteins, pursuant to a stock purchase agreement dated December 28, 2021 (the “Valley Acquisition”). The Valley Acquisition includes a network of 18 major rendering plants and used cooking oil facilities throughout the southern, southeast and mid-Atlantic regions of the U.S. The Company initially paid approximately $1.177 billion in cash for the Valley Acquisition, which was subject to various post-closing adjustments in accordance with the stock purchase agreement. During the third and fourth quarters of fiscal 2022, the Company made immaterial working capital adjustments and made a cash payment for a working capital purchase price adjustment per the stock purchase agreement of approximately $6.0 million with an offset to goodwill. The Company initially financed the Valley Acquisition by borrowing all of the Company’s delayed draw term A-1 facility of $400.0 million and delayed draw term A-2 facility of $500.0 million, with the remainder coming through revolver borrowings under the Amended Credit Agreement.

The following table summarizes the final fair value of the assets acquired and the liabilities assumed in the Valley Acquisition as of May 2, 2022 (in thousands) inclusive of all measurement period adjustments recorded:


Accounts receivable	$	68,558
Inventories	58,246
Other current assets	13,825
Property, plant and equipment	409,405
Identifiable intangible assets	389,200
Goodwill	358,298
Operating lease right-of-use assets	16,380
Other assets	14,164
Deferred tax asset	1,075
Accounts payable	(47,615)
Current portion of long-term debt	(2,043)
Current operating lease liabilities	(4,779)
Accrued expenses	(66,034)
Long-term debt, net of current portion	(5,995)
Long-term operating lease liabilities	(11,601)
Other noncurrent liabilities	(19,436)
Purchase price, net of cash acquired	$	1,171,648

The $358.3 million of goodwill from the Valley Acquisition, which is expected to strengthen the Company’s base business and expand its ability to provide additional low carbon intensity feedstocks to fuel the growing demand for renewable diesel, was assigned to the Feed Ingredients segment. For U.S. income tax purposes, the Valley Acquisition is treated as a purchase of substantially all the assets of Valley Proteins; therefore, almost all of the goodwill is expected to be deductible for tax purposes. The identifiable intangible assets include $292.1 million in collection routes with a life of 15 years and $97.1 million in permits with a life of 15 years for a total weighted average life of approximately 15 years.

The amount of net sales and net income from the Valley Acquisition included in the Company’s consolidated statement of operations for the twelve months ended December 30, 2023 were $780.9 million and $9.0 million, respectively.

As a result of the Gelnex Acquisition, the FASA Acquisition and the Valley Acquisition, effective March 31, 2023, August 1, 2022 and May 2, 2022, respectively, the Company began including the operations of the Gelnex Acquisition, the FASA Acquisition and the Valley Acquisition in the Company’s consolidated financial statements. The following table presents selected pro forma information, for comparative purposes, assuming the Gelnex Acquisition, the Valley Acquisition and FASA Acquisition had occurred on January 3, 2021 for the periods presented (unaudited) (in thousands):


	Twelve Months Ended
	December 30, 2023	December 31, 2022	January 1, 2022
Net sales	6,886,347	7,469,216	$	6,097,742
Net income	663,284	739,966	621,320

The Company notes that pro forma results of operations for the 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.

On February 25, 2022, a wholly-owned international subsidiary of the Company acquired all of the shares of Group Op de Beeck, a Belgium digester, organic and industrial waste processing company, that is now included in our Fuel Ingredients segment, for an initially estimated purchase price of approximately $91.7 million, plus or minus various closing adjustments in accordance with the stock purchase agreement. Initially, the Company paid approximately $71.3 million in cash consideration. In the second quarter of fiscal 2022, the Company paid an additional $4.2 million for purchase price adjustments related to working capital and estimated future construction costs for a total purchase price of approximately $75.5 million. The Company recorded assets and liabilities consisting of property, plant and equipment of approximately $28.1 million, intangible assets of approximately $27.2 million, goodwill of approximately $29.6 million and other net liabilities of approximately $(9.4) million including working capital and net debt. The identifiable intangibles have a weighted average life of 15 years.

The Company incurred acquisition and integration costs of approximately $13.9 million and $16.4 million for the twelve months ended December 30, 2023 and December 31, 2022, respectively, primarily related to the above disclosed acquisitions, including the Gelnex Acquisition, the Valley Acquisition, the FASA Acquisition, Group Op de Beeck, and the January 31, 2024 Miropasz acquisition disclosed below.

Additionally, the Company made other immaterial acquisitions in fiscal 2022.

On January 31, 2024, the Company announced that it has completed the acquisition of Polish rendering company, Miropasz Group, for approximately €110.0 million (approximately $119.0 million USD at the exchange rate in effect on the closing date of the acquisition) plus or minus post-closing adjustments. The Miropasz Group includes three poultry rendering plants in southeast Poland and was assigned to the Feed Ingredients segment.

Inventories

12 Months Ended

Dec. 30, 2023

Inventory Disclosure [Abstract]

INVENTORIES

A summary of inventories follows (in thousands):


	December 30, 2023		December 31, 2022
Finished product	$	448,245	$	384,289
Work in process	110,299		100,790
Raw material	68,188		69,164
Supplies and other	132,007		119,378
	$	758,739	$	673,621

The Company’s work in process inventory represents inventory in the Food Ingredients segment that is in various stages of processing.

Property, Plant and Equipment

12 Months Ended

Dec. 30, 2023

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT

A summary of property, plant and equipment follows (in thousands):


	December 30, 2023		December 31, 2022
Land	$	217,113	$	201,572
Buildings and improvements	1,033,243		873,080
Machinery and equipment	3,021,329		2,683,991
Vehicles	520,897		433,183
Aircraft	15,609		15,004
Construction in process	487,336		310,180
	5,295,527		4,517,010
Accumulated depreciation	(2,360,342)		(2,054,928)
	$	2,935,185	$	2,462,082

Depreciation expense for the three years ended December 30, 2023, December 31, 2022 and January 1, 2022, was approximately $377.2 million, $306.0 million and $249.0 million, respectively.

Intangbile assets

12 Months Ended

Dec. 30, 2023

INTANGIBLE ASSETS [Abstract]

INTANGIBLE ASSETS

The gross carrying amount of intangible assets not subject to amortization and intangible assets subject to amortization is as follows (in thousands):


	December 30, 2023		December 31, 2022
Indefinite Lived Intangible Assets
Trade names	$	52,507	$	51,639
	52,507		51,639
Finite Lived Intangible Assets:
Collection routes	746,868		776,909
Customer relationships	359,111		4,377
Permits	559,483		557,083
Non-compete agreements	395		695
Trade names	85,561		76,549
Royalty, product development, patents, consulting, land use rights and leasehold	20,613		20,971
	1,772,031		1,436,584
Accumulated Amortization:
Collection routes	(241,960)		(192,170)
Customer relationships	(29,270)		(3,938)
Permits	(407,713)		(368,005)
Non-compete agreements	(345)		(563)
Trade names	(63,660)		(53,486)
Royalties, product development, patents, consulting, land use rights and leasehold	(5,698)		(4,939)
	(748,646)		(623,101)
Total Intangible assets, less accumulated amortization	$	1,075,892	$	865,122

Gross intangible collection routes, customer relationships, permits, trade names, non-compete agreements and other intangibles changed primarily due to acquisitions and additions of approximately $308.8 million and the remaining change is due to foreign exchange impact, impairments and retirements. Amortization expense for the three years ended December 30, 2023, December 31, 2022 and January 1, 2022, was approximately $124.8 million, $88.7 million and $67.4 million, respectively. Amortization expense for the next five fiscal years is estimated to be $124.1 million, $116.4 million, $106.6 million, $103.7 million and $100.5 million.

Goodwill

12 Months Ended

Dec. 30, 2023

GOODWILL [Abstract]

GOODWILL

Changes in the carrying amount of goodwill (in thousands):


	Feed Ingredients		Food Ingredients		Fuel Ingredients		Total
Balance at January 1, 2022
Goodwill	$	814,863	$	332,866	$	119,342	$	1,267,071
Accumulated impairment losses	(15,914)		(461)		(31,580)		(47,955)
	798,949		332,405		87,762		1,219,116
Goodwill acquired during year	767,382		399		30,355		798,136
Goodwill impairment during year	—		(2,709)		—		(2,709)

Foreign currency translation	(25,390)		(12,458)		(6,318)		(44,166)
Balance at December 31, 2022
Goodwill	1,556,855		320,807		143,379		2,021,041
Accumulated impairment losses	(15,914)		(3,170)		(31,580)		(50,664)
	1,540,941		317,637		111,799		1,970,377
Goodwill acquired during year	3,247		626,202		—		629,449


Measurement period adjustments	(21,270)		(74,484)		(66)		(95,820)
Out-of-period correction (1)	(85,144)		—		—		(85,144)
Foreign currency translation	33,548		28,182		3,910		65,640
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

(1) As disclosed in Note 1 (16), the immaterial out-of-period correction made during the quarter ended July 1, 2023 resulted in a reduction of goodwill recorded associated with the FASA Acquisition of approximately $85.1 million, which is included in the Feed Ingredients segment.

The process of evaluating goodwill for impairment involves the determination of the fair value of the Company’s reporting units. In fiscal 2023, the Company performed a quantitative approach to valuing goodwill and indefinite-lived intangible assets at October 28, 2023 and as a result determined the fair values of the Company’s reporting units containing goodwill exceeded the related carrying values. In fiscal 2022 and 2021, the Company performed a qualitative impairment analysis for its annual goodwill and indefinite-lived intangible assets at October 29, 2022 and October 30, 2021, respectively. Based on the Company’s annual impairment testing at October 29, 2022 and October 30, 2021, respectively, we concluded it is more likely than not that the fair values of the Company’s reporting units containing goodwill and indefinite lived intangible assets exceeded the related carrying value. Prior to finalizing the impairment testing, in December 2022, the Company’s management reviewed our global network of collagen plants for optimization opportunities and decided to close our Peabody, Massachusetts, plant in 2023. As a result of the restructuring, the Company recorded goodwill impairment charges in fiscal 2022 of approximately $2.7 million based on the relative fair value of the Peabody plant.

Accrued Expenses

12 Months Ended

Dec. 30, 2023

ACCRUED EXPENSES [Abstract]

ACCRUED EXPENSES

Accrued expenses consist of the following (in thousands):


	December 30, 2023		December 31, 2022
Compensation and benefits	$	156,357	$	145,048




Accrued operating expenses	86,278		97,128



Other accrued expense	198,364		189,847
	$	440,999	$	432,023

Leases

12 Months Ended

Dec. 30, 2023

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
	December 30, 2023		December 31, 2022		January 1, 2022
Operating lease expense	$	56,078	$	49,377	$	48,049
Short-term lease costs	36,762		31,133		25,141
Total lease cost	$	92,840	$	80,510	$	73,190

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


	Year Ended
	December 30, 2023			December 31, 2022			January 1, 2022
Cash paid for amounts included in the measurement lease liabilities:
Operating cash flows from operating leases	$	58,924		$	53,359		$	50,258

Operating right-of-use assets, net	$	205,539		$	186,141

Operating lease liabilities, current	$	55,325		$	49,232
Operating lease liabilities, non-current	154,903			141,703
Total operating lease liabilities	$	210,228		$	190,935

Weighted average remaining lease term - operating leases	6.25 years			6.34 years
Weighted average discount rate - operating leases	4.59		%	3.89		%

Future annual minimum lease payments and finance lease commitments as of December 30, 2023 were as follows (in thousands):


Period Ending Fiscal	Operating Leases		Finance Leases
2024	$	63,199	$	4,349
2025	54,302		4,176
2026	37,342		2,732
2027	29,267		2,250
2028	17,831		1,759
Thereafter	40,192		706
	242,133		15,972
Less amounts representing interest	(31,905)		(1,099)
Lease obligations included in current and long-term liabilities	210,228		14,873

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
	December 30, 2023		December 31, 2022		January 1, 2022
Operating lease expense	$	56,078	$	49,377	$	48,049
Short-term lease costs	36,762		31,133		25,141
Total lease cost	$	92,840	$	80,510	$	73,190

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


	Year Ended
	December 30, 2023			December 31, 2022			January 1, 2022
Cash paid for amounts included in the measurement lease liabilities:
Operating cash flows from operating leases	$	58,924		$	53,359		$	50,258

Operating right-of-use assets, net	$	205,539		$	186,141

Operating lease liabilities, current	$	55,325		$	49,232
Operating lease liabilities, non-current	154,903			141,703
Total operating lease liabilities	$	210,228		$	190,935

Weighted average remaining lease term - operating leases	6.25 years			6.34 years
Weighted average discount rate - operating leases	4.59		%	3.89		%

Future annual minimum lease payments and finance lease commitments as of December 30, 2023 were as follows (in thousands):


Period Ending Fiscal	Operating Leases		Finance Leases
2024	$	63,199	$	4,349
2025	54,302		4,176
2026	37,342		2,732
2027	29,267		2,250
2028	17,831		1,759
Thereafter	40,192		706
	242,133		15,972
Less amounts representing interest	(31,905)		(1,099)
Lease obligations included in current and long-term liabilities	210,228		14,873

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.

Debt

12 Months Ended

Dec. 30, 2023

Debt Disclosure [Abstract]

Debt

DEBT

Debt consists of the following (in thousands):


	December 30, 2023		December 31, 2022
Amended Credit Agreement:
Revolving Credit Facility ($82.9 million and $32.0 million denominated in € at December 30, 2023 and December 31, 2022, respectively)	$	610,875	$	135,028

Term A-1 facility	400,000		400,000
Less unamortized deferred loan costs	(546)		(722)
Carrying value Term A-1 facility	399,454		399,278

Term A-2 facility	481,250		493,750
Less unamortized deferred loan costs	(771)		(1,034)
Carrying value Term A-2 facility	480,479		492,716

Term A-3 facility	300,000		—
Less unamortized deferred loan costs	(832)		—
Carrying value Term A-3 facility	299,168		—

Term A-4 facility	490,625		—
Less unamortized deferred loan costs	(1,002)		—
Carrying value Term A-4 facility	489,623		—

Term Loan B	—		200,000
Less unamortized deferred loan costs	—		(1,302)
Carrying value Term Loan B	—		198,698

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	(6,441)		(7,228)
Carrying value 6% Senior Notes due 2030	993,559		992,772

5.25% Senior Notes due 2027 with effective interest of 5.47%	500,000		500,000
Less unamortized deferred loan costs	(3,249)		(4,127)
Carrying value 5.25% Senior Notes due 2027	496,751		495,873

3.625% Senior Notes due 2026 - Denominated in euro with effective interest of 3.83%	569,075		549,814
Less unamortized deferred loan costs - Denominated in euro	(2,763)		(3,728)
Carrying value 3.625% Senior Notes due 2026	566,312		546,086

Other Notes and Obligations	90,852		124,364
	4,427,073		3,384,815
Less Current Maturities	60,703		69,846
	$	4,366,370	$	3,314,969

As of December 30, 2023, the Company had outstanding debt under the revolving credit facility denominated in euros of €75.0 million and outstanding debt under the Company’s 3.625% Senior Notes due 2026 denominated in euros of €515.0 million. See below for discussion relating to the Company’s debt agreements. In addition, at December 30, 2023, the Company had finance lease obligations denominated in euros of approximately €7.0 million.

As of December 30, 2023, the Company had other notes and obligations of approximately $90.9 million that consist of various overdraft facilities of approximately $15.5 million, a China working capital line of credit of approximately $0.9 million, Brazilian notes of approximately $41.2 million and other debt of approximately $33.3 million, including U.S. finance lease obligations of approximately $7.1 million.

Senior Secured Credit Facilities. On January 6, 2014, Darling, Darling International Canada Inc. (“Darling Canada”) and Darling International NL Holdings B.V. (“Darling NL”) entered into a Second Amended and Restated Credit Agreement (as subsequently amended, the “Amended Credit Agreement”), restating its then existing Amended and Restated Credit Agreement dated September 27, 2013, with the lenders from time to time party thereto, JPMorgan Chase Bank, N.A., as Administrative Agent, and the other agents from time to time party thereto.

Effective December 9, 2021, the Company, and certain of its subsidiaries entered into an amendment (the "Seventh Amendment") with its lenders to the Amended Credit Agreement. Among other things, the Seventh Amendment (a) increased the maximum aggregate principal amount of the revolving credit facility from $1.0 billion to $1.5 billion, under which loans will or will continue to be made, as applicable, in U.S. dollars or alternative currencies, to the Company and certain of the Company’s subsidiaries as borrowers under the Amended Credit Agreement, (b) extended the stated maturity date of the revolving credit facility from September 18, 2025 to December 9, 2026, (c) obtained a delayed draw term loan commitment, and incurred new term loans pursuant thereto, in an aggregate principal amount of up to $400.0 million and has a term of five years, (d) joined Darling Ingredients Germany Holding GmbH (“Darling GmbH”) and Darling Ingredients Belgium Holding B.V. (“Darling Belgium”), each of which are indirect subsidiaries of the Company, and Guarantors under the Amended Credit Agreement, as “Borrowers” under the Amended Credit Agreement and (e) updated and modified certain other terms and provisions of the Amended Credit Agreement, including to reflect alternative reference rates based on the secured overnight financing rate for U.S. dollar loans, the sterling overnight index average for pound sterling loans and the euro short term rate for euro swingline loans.

Effective March 2, 2022, the Company and certain of its subsidiaries entered into an amendment (the "Eighth Amendment") with its lenders to the Amended Credit Agreement. Among other things, the Eighth Amendment (a) added a new delayed draw incremental term facility (the “term A-2 facility”) and incurred new incremental Term Loans pursuant thereto, in an aggregate principal amount of up to $500.0 million, and will mature on December 9, 2026 and (b) updated and modified certain other terms and provisions of the Amended Credit Agreement to reflect the addition of the term A-2 facility to the Amended Credit Agreement.

Effective September 6, 2022, the Company and certain of its subsidiaries entered into an amendment (the “Ninth Amendment”) with its lenders to the Amended Credit Agreement. Among other things, the Ninth Amendment (a) added (i) a new delayed draw incremental term facility (the “term A-3 facility”) and new Incremental Term Loans pursuant thereto, in an aggregate principal amount of up to $300.0 million, and (ii) a new delayed draw incremental term facility (the “term A-4 facility”) and new Incremental Term Loans pursuant thereto, in an aggregate principal amount of up to $500.0 million which, in each case, will be made available to the Company and have maturity dates co-terminous with the Company’s previously existing delayed draw term A-1 facility and term A-2 facility, and (b) updated and modified certain other terms and provisions of the Amended Credit Agreement to reflect the addition of the term A-3 facility and term A-4 facility to the Amended Credit Agreement.

The Amended Credit Agreement provides for senior secured credit facilities in the aggregate principal amount of $3.725 billion comprised of (i) the Company’s $525.0 million term loan B facility, (ii) the Company’s $400.0 million term A-1 facility, (iii) the Company’s $500.0 million term A-2 facility, (iv) the Company’s $300.0 million term A-3 facility, (v) the Company’s $500.0 million term A-4 facility and (vi) the Company’s $1.5 billion five-year revolving credit facility (up to $150.0 million of which will be available for a letter of credit sub-limit and $50.0 million of which will be available for a swingline sub-limit) (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). Up to $1.46 billion of the revolving loan facility is available to be borrowed by Darling, Darling Canada, Darling NL, Darling Ingredients International Holding B.V. (“Darling BV”), Darling GmbH, and Darling Belgium in U.S. dollars, Canadian dollars, euros, Sterling and other currencies to be agreed and available to each applicable lender. The remaining $40.0 million must be borrowed in U.S. dollars only by Darling. The revolving loan facility will mature on December 9, 2026. 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 loan facility will equal 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 or the Canadian dollar offered rate (CDOR) for Canadian dollar borrowings plus 1.50% per annum or base rate or the adjusted term SOFR 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 plus 0.50% per annum subject to certain step-ups or step-downs based on the Company’s total leverage ratio. The interest rate applicable to any borrowing under the delayed draw term A-1 facility and term A-3 facility will equal the adjusted term SOFR plus a minimum of 1.50% per annum subject to certain step-ups based on the Company’s total leverage ratio. The interest rate applicable to any borrowing under the delayed draw term A-2 facility and term A-4 facility will equal the adjusted term SOFR plus 1.50% per annum subject to certain step-ups or step-downs based on the Company’s total leverage ratio. The interest rate applicable to any borrowings under the term loan B facility equals the base rate plus 1.00% or LIBOR plus 2.00%.

As of December 30, 2023, the Company had (i) $30.0 million outstanding under the revolver at base rate plus a margin of 0.50% per annum for a total of 9.0% per annum, (ii) $498.0 million outstanding under the revolver at SOFR plus a margin of 1.50% per annum for a total of 6.95587% per annum, (iii) $400.0 million outstanding under the term A-1 facility at SOFR plus a margin of 1.625% per annum for a total of 7.08096% per annum, (iv) $481.3 million outstanding under the term A-2 facility at SOFR plus a margin of 1.50% per annum for a total of 6.95596% per annum, (v) $300.0 million outstanding under the term A-3 facility at SOFR plus a margin 1.625% per annum for a total of 7.08096% per annum, (vi) $490.6 million outstanding under the term A-4 facility at SOFR plus a margin 1.50% per annum for a total of 6.95596% per annum and (vii) €75.0 million outstanding under the revolving credit facility at EURIBOR plus a margin of 1.50% per annum for a total of 5.35135% per annum. As of December 30, 2023, the Company had revolving loan facility availability of $832.5 million, taking into account amounts borrowed, ancillary facilities of $52.7 million and letters of credit issued of $3.9 million. The Company also has foreign bank guarantees of approximately $12.1 million and U.S. bank guarantees of approximately $10.7 million that are not part of the Company’s Amended Credit Agreement at December 30, 2023. The Company capitalized approximately $3.8 million of deferred loan costs in the year ended December 31, 2022 in connection with the Eighth and Ninth Amendments.

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 prohibit, subject to various exceptions, Darling and its restricted subsidiaries from taking certain actions, including, without limitation, incurring indebtedness, making investments, incurring liens, paying dividends and engaging in mergers and consolidations, sale and leasebacks and asset dispositions, (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.

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 will pay interest on the 6% Notes on June 15 and December 15 of each year, commencing on December 15, 2022. Interest on the 6% Notes accrues from June 9, 2022 at a rate of 6% per annum and is payable in cash. The 6% Notes are guaranteed on a senior unsecured basis 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 unsecured 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. The Company capitalized approximately $12.7 million of deferred loan costs as of December 31, 2022 in connection with the 6% Notes.

Other than for extraordinary events such as change of control and defined assets sales, 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 accrued and unpaid interest to the redemption date and an Applicable Premium as specified in the 6% Indenture and all additional amounts (if any) then due or which will become due on the redemption date as a result of the redemption or otherwise (subject to the rights of holders on the relevant record dates to receive interest due on the relevant interest payment date and additional amounts (if any) in respect thereof).

3.625% Senior Notes due 2026. On May 2, 2018, Darling Global Finance B.V. (the “3.625% Issuer”), a wholly-owned subsidiary of Darling, issued and sold €515.0 million aggregate principal amount of 3.625% Senior Notes due 2026 (the “3.625% Notes”). The 3.625% Notes, which were offered in a private offering, were issued pursuant to a Senior Notes Indenture, dated as of May 2, 2018 (the “3.625% Indenture”), among Darling Global Finance B.V., Darling, the subsidiary guarantors party thereto from time to time, Citibank, N.A., London Branch, as trustee and principal paying agent, and Citigroup Global Markets Deutschland AG, as principal registrar. The gross proceeds of the offering, together with borrowings under the Company’s revolving credit facility, were used to refinance all of the Company’s previous 4.75% Notes by cash tender offer and redemption of those notes and to pay any applicable premiums for the refinancing, to pay the commission of the initial purchasers of the 3.625% Notes and to pay the other fees and expenses related to the offering.

The 3.625% Notes will mature on May 15, 2026. The 3.625% Issuer will pay interest on the 3.625% Notes on May 15 and November 15 of each year, commencing on November 15, 2018. Interest on the 3.625% Notes accrues from May 2, 2018 at a rate of 3.625% per annum and is payable in cash. The 3.625% Notes are guaranteed on a senior unsecured basis by Darling and all of Darling's restricted subsidiaries (other than any foreign subsidiary or any receivable entity) that guarantee the Senior Secured Credit Facilities (collectively, the “3.625% Guarantors”). The 3.625% Notes and the guarantees thereof are senior unsecured obligations of the 3.625% Issuer and the 3.625% Guarantors and rank equally in right of payment to all of the 3.625% Issuer's and the 3.625% Guarantors' existing and future senior unsecured indebtedness. The 3.625% Indenture contains covenants limiting Darling's ability and the ability of its restricted subsidiaries (including the 3.625% Issuer) to, among other things: incur additional indebtedness or issue preferred stock; pay dividends on or make other distributions or repurchases of Darling's capital stock or make other restricted payments; create restrictions on the payment of dividends or certain other amounts from Darling's restricted subsidiaries to Darling or Darling's other restricted subsidiaries; make loans or investments; enter into certain transactions with affiliates; create liens; designate Darling's subsidiaries as unrestricted subsidiaries; and sell certain assets or merge with or into other companies or otherwise dispose of substantially all of Darling's assets.

Other than for extraordinary events such as change of control and defined assets sales, the 3.625% Issuer is not required to make mandatory redemption or sinking fund payments on the 3.625% Notes. The 3.625% Notes are redeemable, in whole or in part, at any time on or after May 15, 2021 at the redemption prices specified in the 3.625% 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 gross proceeds from the sale of the Notes, together with cash on hand, were used to refinance all of the Company’s previous 5.375% Notes by cash tender offer for and redemption of those notes, to pay the discount of the initial purchasers and to pay the other fees and expenses related to the offering.

The 5.25% Notes will mature on April 15, 2027. Darling will pay interest on the 5.25% Notes on April 15 and October 15 of each year, commencing on October 15, 2019. Interest on the 5.25% Notes accrues from April 3, 2019 at a rate of 5.25% per annum and is payable in cash. The 5.25% Notes are guaranteed on a senior unsecured basis 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 unsecured 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 change of control and defined asset sales, Darling is not required to make mandatory redemption or sinking fund payments on the 5.25% Notes. The 5.25% Notes are redeemable, in whole or in part, at any time on or after April 15, 2022 at the redemption prices specified in the 5.25% Indenture.

As of December 30, 2023, the Company believes it is in compliance with all financial covenants under the Amended Credit Agreement, as well as all of the other covenants contained in the Amended Credit Agreement, the 6% Indenture, the 5.25% Indenture and the 3.625% Indenture.

Maturities of long-term debt at December 30, 2023 follow (in thousands):


	Contractual Debt Payment
2024	$	61,754
2025	83,316
2026	2,784,970
2027	503,978
2028	3,435
thereafter	1,005,224
	$	4,442,677

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
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-URI https://asc.fasb.org//470/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Paragraph 1I
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I

+ Details

Other Noncurrent Liabilities

12 Months Ended

Dec. 30, 2023

OTHER NONCURRENT LIABILITIES [Abstract]

OTHER NONCURRENT LIABILITIES

Other noncurrent liabilities consist of the following (in thousands):


	December 30, 2023		December 31, 2022
Accrued pension liability (Note 15)	$	20,721	$	22,538
Reserve for self-insurance, litigation, environmental and tax matters (Note 20)	100,354		76,685
Long-term acquisition hold backs (Note 3)	137,913		26,113
Long-term contingent consideration (Note 17)	86,495		169,903
Other	4,326		3,694
	$	349,809	$	298,933

Income Taxes

12 Months Ended

Dec. 30, 2023

Income Tax Disclosure [Abstract]

INCOME TAXES

U.S. and foreign income before income taxes are as follows (in thousands):


	December 30, 2023		December 31, 2022		January 1, 2022
United States	$	399,378	$	551,521	$	545,861
Foreign	320,579		342,197		275,535
Income before income taxes	$	719,957	$	893,718	$	821,396

Income tax expense attributable to income before income taxes consists of the following (in thousands):


	December 30, 2023		December 31, 2022		January 1, 2022
Current:
Federal	$	1,574	$	(206)	$	(31)
State	1,336		2,288		8,442
Foreign	104,997		105,368		60,730
Total current	107,907		107,450		69,141
Deferred:
Federal	(22,868)		35,290		66,883
State	(28,511)		18,150		19,495
Foreign	3,040		(14,264)		8,587
Total deferred	(48,339)		39,176		94,965
	$	59,568	$	146,626	$	164,106

Income tax expense for the years ended December 30, 2023, December 31, 2022 and January 1, 2022, 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 30, 2023		December 31, 2022		January 1, 2022
Computed "expected" tax expense	$	151,191	$	187,681	$	172,493

Change in valuation allowance	27,713		(3,241)		(4,996)
Non-deductible compensation expenses	5,779		5,320		4,324
Deferred tax on unremitted foreign earnings	3,686		4,939		3,415

Foreign rate differential	16,607		17,628		14,748
Change in uncertain tax positions	(3,477)		8,167		6,809
State income taxes, net of federal benefit	(20,868)		10,738		18,205
Biofuel tax incentives	(125,006)		(77,189)		(38,778)
Global intangible low taxed income	14,943		5,745		1,549
Change in tax law	(5,890)		(13)		1,869

Equity compensation windfall	(2,241)		(13,441)		(11,046)
Other, net	(2,869)		292		(4,486)
	$	59,568	$	146,626	$	164,106

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities at December 30, 2023 and December 31, 2022 are presented below (in thousands):


	December 30, 2023		December 31, 2022
Deferred tax assets:
Loss contingency reserves	$	15,247	$	11,775
Employee benefits	15,466		14,480
Pension liability	3,193		3,505

Interest expense carryforwards	53,591		28,769
Tax loss carryforwards	291,910		275,675
Tax credit carryforwards	2,051		2,432
Operating lease liabilities	57,503		53,765
Inventory	17,013		15,002
Accrued liabilities and other	23,090		18,408
Total gross deferred tax assets	479,064		423,811
Less valuation allowance	(40,063)		(12,788)
Net deferred tax assets	439,001		411,023

Deferred tax liabilities:
Intangible assets amortization, including taxable goodwill	(248,146)		(238,347)
Property, plant and equipment depreciation	(242,666)		(218,316)
Investment in DGD Joint Venture	(324,583)		(344,633)
Operating lease assets	(56,098)		(52,330)
Tax on unremitted foreign earnings	(18,139)		(12,890)
Other	(29,832)		(8,451)
Total gross deferred tax liabilities	(919,464)		(874,967)
Net deferred tax liability	$	(480,463)	$	(463,944)

Amounts reported on Consolidated Balance Sheets:
Non-current deferred tax asset	$	17,711	$	17,888
Non-current deferred tax liability	(498,174)		(481,832)
Net deferred tax liability	$	(480,463)	$	(463,944)

At December 30, 2023, the Company had net operating loss carryforwards for federal income tax purposes of approximately $979.3 million which can be carried forward indefinitely. The Company had interest expense carryforwards of approximately $230.9 million and $98.4 million for federal and state income tax purposes, which may be carried forward indefinitely. The Company had approximately $358.6 million of net operating loss carryforwards for state income tax purposes, $259.2 million of which expire in 2024 through 2043 and $99.4 million of which can be carried forward indefinitely. The Company had foreign net operating loss carryforwards of approximately $213.0 million, $23.9 million of which expire in 2024 through 2038 and $189.1 million of which can be carried forward indefinitely. Also at December 30, 2023, the Company had U.S. federal and state tax credit carryforwards of approximately $2.0 million. As of December 30, 2023, the Company also had a valuation allowance of $40.1 million due to uncertainties in its ability to utilize foreign net operating loss carryforwards and other foreign deferred tax assets.

At December 30, 2023, the Company had unrecognized tax benefits of approximately $13.9 million. All of the unrecognized tax benefits would favorably impact the Company’s effective tax rate if recognized. The Company does not believe that unrecognized tax benefits will change in the next twelve months. The Company recognizes accrued interest and penalties, as appropriate, related to unrecognized tax benefits as a component of income tax expense. As of December 30, 2023, interest and penalties related to unrecognized tax benefits were $1.7 million.

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


	December 30, 2023		December 31, 2022
Balance at beginning of Year	$	17,842	$	10,508
Change in tax positions related to current year	(1,883)		7,904
Change in tax positions related to prior years	(1,986)		(38)
Change in tax positions due to settlement with tax authorities	—		—
Expiration of the Statute of Limitations	(101)		(532)
Balance at end of year	$	13,872	$	17,842

In fiscal 2023, the Company’s major taxing jurisdictions are U.S. (federal and state), Belgium, Brazil, Canada, China, France, Germany and the Netherlands. 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 December 30, 2023, a deferred tax liability of approximately $18.1 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 with no immediate impact to our income tax provision or net deferred tax assets. We do not currently expect the new book minimum tax and/or excise tax on stock buybacks will have a material impact on our financial results. The blender tax credits, which are refundable excise tax credits, have been extended through December 31, 2024. After 2024, the CFPC, a transferable income tax credit, becomes effective from 2025 through 2027. We are currently assessing these tax incentives, which could materially change our pre-tax or after-tax amounts and impact our tax rate in future years. We will continue to evaluate the applicability and effect of the IR Act as more guidance is issued.

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 uncertain whether 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. The Company does not expect Pillar 2 to have a material impact in 2024; however, we are evaluating the potential consequences of Pillar 2 on our longer-term financial position.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
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-Name Accounting Standards Codification
-Section S99
-Paragraph 1
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482603/740-30-50-2

+ Details

Stockholders' Equity and Stock-Based Compensation

12 Months Ended

Dec. 30, 2023

Stockholders' Equity and Stock-Based Compensation [Abstract]

STOCKHOLDERS' EQUITY AND STOCK-BASED COMPENSATION

On December 9, 2021, the Company’s Board of Directors approved the extension for an additional two years of its previously announced share repurchase program and refreshed and increased the amount of the program up to an aggregate of $500.0 million of the Company’s Common Stock depending on market conditions. During fiscal 2023, fiscal 2022 and fiscal 2021, the Company repurchased approximately $52.9 million, $125.5 million and $167.7 million, including commissions, of its common stock in the open market, respectively. As of December 30, 2023, the Company has approximately $321.6 million remaining under the share repurchase program initially approved in August 2017 and subsequently extended to August 13, 2024.

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. There are up to 20,166,500 common shares available under the 2017 Omnibus Plan which may be granted to participants in any plan year (as such term is defined in the 2017 Omnibus Plan). Some of those shares 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 2023, 2022 and 2021, 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 2023, 2022 and 2021 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 2023 LTIP PSU Awards”, “Fiscal 2022 LTIP PSU Awards” and “Fiscal 2021 LTIP PSU Awards” below for more information regarding the stock option, PSU and RSU awards under the 2023 LTIP, 2022 LTIP and 2021 LTIP and outstanding at December 30, 2023. At December 30, 2023, the number of common shares available for issuance under the 2017 Omnibus Plan was 7,882,079.

At December 30, 2023, $15.4 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 1.3 years.

The following is a summary of stock-based compensation awards granted and/or outstanding during the years ended December 30, 2023, December 31, 2022 and January 1, 2022.

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 as of December 30, 2023 and changes during the year ended is as follows:


	Number of shares	Weighted-avg. exercise price per share		Weighted-avg. remaining contractual life
Options outstanding at January 2, 2021	3,691,515	$	17.31	6.2 years
Granted	—	—
Exercised	(521,177)	16.44
Forfeited	(22,524)	20.12
Expired	—	—
Options outstanding at January 1, 2022	3,147,814	17.43		5.2 years
Granted	—	—
Exercised	(386,460)	18.84
Forfeited	(4,767)	20.32
Expired	—	—
Options outstanding at December 31, 2022	2,756,587	17.23		4.3 years
Granted	—	—
Exercised	(223,000)	20.43
Forfeited	(2,212)	26.54
Expired	—	—
Options outstanding at December 30, 2023	2,531,375	$	16.94	3.3 years
Options exercisable at December 30, 2023	2,531,375	$	16.94	3.3 years

For the years ended December 30, 2023 and December 31, 2022 the amount of cash received from the exercise of options was less than $0.1 million and the related tax benefit was $1.2 million and $3.7 million, respectively. For the year ended January 1, 2022, the amount of cash received from the exercise of options was approximately $0.1 million and the related tax benefit was approximately $4.5 million. The total intrinsic value of options exercised for the years ended December 30, 2023, December 31, 2022 and January 1, 2022 was approximately $9.5 million, $21.7 million and $29.5 million, respectively. The fair value of shares vested for the years ended December 30, 2023, December 31, 2022 and January 1, 2022 was approximately $33.0 million, $24.8 million and $19.9 million, respectively. At December 30, 2023, the aggregate intrinsic value of options outstanding was approximately $83.3 million and the aggregate intrinsic value of options exercisable was approximately $83.3 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. In such cases, non-vested stock is generally granted to U.S. based employees, while RSUs are generally granted to foreign based employees, 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, 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 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 performance period 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.

Fiscal 2022 LTIP RSU awards and Restricted Stock awards. In fiscal 2022, the Committee granted 82,791 RSUs on January 3, 2022 under the Company’s 2022 LTIP and a total of 41,625 discretionary non-vested and RSU awards.

Fiscal 2021 LTIP RSU awards and Restricted Stock awards. In fiscal 2021, the Committee granted 90,689 RSUs on January 4, 2021 under the Company’s 2021 LTIP. The Committee made no discretionary non-vested stock or RSU grants in fiscal 2021.

A summary of the Company’s non-vested stock and RSU awards as of December 30, 2023, and changes during the year ended is as follows:


	Non-Vested, and RSU Shares	Weighted Average Grant Date Fair Value
Stock awards outstanding January 2, 2021	11,375	$	35.00
Shares granted	90,689	56.93
Shares vested	(11,545)	35.32
Shares forfeited	(2,585)	56.93
Stock awards outstanding January 1, 2022	87,934	56.93
Shares granted	124,416	70.67
Shares vested	(35,337)	58.23
Shares forfeited	(6,764)	66.67
Stock awards outstanding December 31, 2022	170,249	66.31
Shares granted	168,924	61.73
Shares vested	(70,251)	65.03
Shares forfeited	(3,270)	62.55
Stock awards outstanding December 30, 2023	265,652	$	63.78

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 return on gross investment (ROGI), as calculated in accordance with the terms of the award agreement, relative to the average ROGI of the Company’s performance peer group companies, 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.

Fiscal 2022 LTIP PSU Awards. On January 3, 2022, the Committee granted 115,615 PSUs under the Company’s 2022 LTIP. The PSUs are tied to a three-year forward-looking performance period and will be earned based on the Company’s average ROGI, as calculated in accordance with the terms of the award agreement, relative to the average ROGI of the Company’s performance peer group companies, with the earned award to be determined in the first quarter of fiscal 2025, after the final results for the relevant performance period are determined.

Fiscal 2021 LTIP PSU Awards. On January 4, 2021, the Committee granted 126,711 PSUs under the Company’s 2021 LTIP. The PSUs are tied to a three-year forward-looking performance period and will be earned based on the Company’s average ROGI, as calculated in accordance with the terms of the award agreement, relative to the average ROGI of the Company’s performance peer group companies, with the earned award to be determined in the first quarter of fiscal 2024, after the final results for the relevant performance period are determined.

Under the 2023 LTIP, 2022 LTIP and 2021 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 total shareholder return (TSR) over the performance period.

A summary of the Company’s 2023, 2022 and 2021 LTIP PSU awards as of December 30, 2023, and changes during the year ended is as follows:


	LTIP PSU Shares	Weighted Average Grant Date Fair Value
LTIP PSU awards outstanding January 2, 2021	2,203,078	$	14.80
Granted	126,711	61.12
Additional PSU awards vested from performance	367,109	20.60
Stock issued for PSUs	(1,276,120)	14.17
Forfeited	(21,600)	32.45
LTIP PSU awards outstanding January 1, 2022	1,399,178	$	20.82
Granted	115,615	75.13
Additional PSU awards vested from performance	367,746	21.50
Stock issued for PSUs	(1,429,198)	15.87
Forfeited	(14,035)	57.54
LTIP PSU awards outstanding December 31, 2022	439,306	$	50.58
Granted	186,918	66.67
Additional PSU awards vested from performance	263,221	31.80
Stock issued for PSUs	(473,824)	31.80
Forfeited	(11,078)	67.60
LTIP PSU awards outstanding December 30, 2023	404,543	$	67.33

The fair value of each PSU award under the Company’s 2023 LTIP, 2022 LTIP and 2021 LTIP was estimated on the date of grant using a Monte Carlo model with the following weighted average assumptions for fiscal 2023, fiscal 2022 and fiscal 2021.


Weighted Average	2023	2022	2021
Expected dividend yield	0.0%	0.0%	0.0%
Risk-free interest rate	4.13%	1.04%	0.16%
Expected term	2.98 years	3.00 years	3.00 years
Expected volatility	49.6%	44.1%	39.9%

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 2023, each non-employee director received $150,000 of restricted stock units. During fiscal 2022 and fiscal 2021, each non-employee director received $135,000 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 awards as of December 30, 2023, and changes during the year ended is as follows:


	Director RSUs and Director DSUs Shares	Weighted Average Grant Date Fair Value
Stock awards outstanding January 2, 2021	236,277	$	17.79
Shares granted	18,098	70.86
Shares where the restriction lapsed	(68,200)	19.21
Shares forfeited	—	—
Stock awards outstanding January 1, 2022	186,175	22.43
Shares granted	22,759	73.03
Shares where the restriction lapsed	—	—
Shares forfeited	—	—
Stock awards outstanding December 31, 2022	208,934	27.94
Shares granted	30,676	59.36
Shares where the restriction lapsed	(70,475)	24.69
Shares forfeited	(1,007)	61.01
Stock awards outstanding December 30, 2023	168,128	$	34.84

- Definition

The entire disclosure for equity.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-14

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 505
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481004/946-505-50-6

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
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-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480237/815-40-50-6

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480008/505-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(e)(1))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//505/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-14

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
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-Subparagraph (c)
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-URI https://asc.fasb.org//1943274/2147481112/505-10-50-14

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-18

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-18

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-18

+ Details

Comprehensive Income

12 Months Ended

Dec. 30, 2023

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 2023, fiscal 2022 and fiscal 2021, 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 December 30, 2023, December 31, 2022 and January 1, 2022 are as follows (in thousands):


	Before-Tax		Tax (Expense)		Net-of-Tax
	Amount		or Benefit		Amount
Year Ended January 1, 2022
Defined Benefit Pension Plans
Actuarial gain/(loss) recognized	$	12,415	$	(3,185)	$	9,230
Amortization of actuarial gain/(loss)	4,228		(978)		3,250

Amortization of prior service costs	25		(3)		22

Amortization of settlement	210		(27)		183
Other	(16)		—		(16)
Total defined benefit pension plans	16,862		(4,193)		12,669




Soybean meal option derivatives
Reclassified to earnings	(274)		70		(204)
Activity recognized in other comprehensive income (loss)	85		(22)		63
Total soybean meal derivatives	(189)		48		(141)
Heating oil swap derivatives
Activity recognized in other comprehensive income (loss)	1,199		(305)		894
Total heating oil derivatives	1,199		(305)		894
Corn option derivatives
Reclassified to earnings	17,005		(4,319)		12,686
Activity recognized in other comprehensive income (loss)	(14,541)		3,693		(10,848)
Total corn options	2,464		(626)		1,838
Foreign exchange derivatives
Reclassified to earnings	(2,333)		826		(1,507)
Activity recognized in other comprehensive income (loss)	(6,694)		2,368		(4,326)
Total foreign exchange derivatives	(9,027)		3,194		(5,833)

Foreign currency translation	(77,287)		3,068		(74,219)


Other comprehensive income/(loss)	$	(65,978)	$	1,186	$	(64,792)
Year Ended December 31, 2022
Defined Benefit Pension Plans
Actuarial gain/(loss) recognized	$	9,884	$	(2,645)	$	7,239
Amortization of actuarial gain/(loss)	2,235		(584)		1,651

Amortization of prior service costs	22		(5)		17

Amortization of settlement	(22)		5		(17)
Special termination benefits recognized	38		(10)		28
Other	48		—		48
Total defined benefit pension plans	12,205		(3,239)		8,966




Soybean meal option derivatives
Reclassified to earnings	(521)		132		(389)
Activity recognized in other comprehensive income (loss)	975		(247)		728
Total soybean meal derivatives	454		(115)		339
Heating oil swap derivatives
Activity recognized in other comprehensive income (loss)	(3,294)		836		(2,458)
Total heating oil derivatives	(3,294)		836		(2,458)
Corn option derivatives
Reclassified to earnings	15,408		(3,914)		11,494
Activity recognized in other comprehensive income (loss)	(10,653)		2,706		(7,947)
Total corn options	4,755		(1,208)		3,547
Foreign exchange derivatives
Reclassified to earnings	(14,549)		4,737		(9,812)
Activity recognized in other comprehensive income (loss)	32,644		(10,628)		22,016
Total foreign exchange derivatives	18,095		(5,891)		12,204
Foreign currency translation	(89,686)		1,830		(87,856)
Other comprehensive income/(loss)	$	(57,471)	$	(7,787)	$	(65,258)
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)

Other	12		—		12
Total defined benefit pension plans	3,347		(1,063)		2,284
Soybean meal option derivatives
Reclassified to earnings	(627)		159		(468)
Activity recognized in other comprehensive income (loss)	(3)		1		(2)
Total soybean meal derivatives	(630)		160		(470)
Heating oil swap derivatives

Activity recognized in other comprehensive income (loss)	45,268		(11,053)		34,215
Total heating oil derivatives	45,268		(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 options	90		(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 derivatives	3,975		(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 derivatives	5,679		(1,947)		3,732
Foreign currency translation	140,618		(967)		139,651
Other comprehensive income/(loss)	$	198,347	$	(15,858)	$	182,489


	Fiscal Year Ended
	December 30, 2023		December 31, 2022		January 1, 2022		Statement of Operations Classification
Derivative instruments
Soybean meal option derivatives	$	627	$	521	$	274	Net sales
Foreign Exchange derivatives	34,491		14,549		2,333		Net sales

Corn option derivatives	1,537		(15,408)		(17,005)		Cost of sales and operating expenses
Interest rate swap derivatives	1,843		—		—		Foreign currency gain/(loss) and interest expense
	38,498		(338)		(14,398)		Total before tax
	(12,819)		(955)		3,423		Income taxes
	25,679		(1,293)		(10,975)		Net of tax
Defined benefit pension plans
Amortization of prior service cost	$	1	$	(22)	$	(25)	(a)
Amortization of actuarial loss	(1,725)		(2,235)		(4,228)		(a)

Amortization of settlement	58		22		(210)		(a)
Special termination benefits recognized	—		(38)		—		(a)
	(1,666)		(2,273)		(4,463)		Total before tax
	413		594		1,008		Income taxes
	(1,253)		(1,679)		(3,455)		Net of tax
Total reclassifications	$	24,426	$	(2,972)	$	(14,430)	Net of tax

(a)These items are included in the computation of net periodic pension cost. See Note 15 Employee Benefit Plans for additional information.

The following table presents changes in each component of accumulated comprehensive loss as of December 30, 2023 as follows (in thousands):


	Fiscal Year Ended December 30, 2023
	Foreign Currency		Derivative		Defined Benefit
	Translation		Instruments		Pension Plans		Total
Accumulated Other Comprehensive income/(loss) December 31, 2022, attributable to Darling, net of tax	$	(374,368)	$	7,176	$	(16,682)	$	(383,874)
Other comprehensive income before reclassifications	139,651		66,233		1,031		206,915
Amounts reclassified from accumulated other comprehensive income/(loss)	—		(25,679)		1,253		(24,426)

Net current-period other comprehensive income/(loss)	139,651		40,554		2,284		182,489
Noncontrolling interest	(3,039)		—		—		(3,039)
Accumulated Other Comprehensive income/(loss) December 30, 2023, attributable to Darling, net of tax	$	(231,678)	$	47,730	$	(14,398)	$	(198,346)

Employee Benefit Plans

12 Months Ended

Dec. 30, 2023

Employee Benefit Plans [Abstract]

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. The Company-sponsored domestic hourly union plan has not been curtailed; however, several locations of the Company-sponsored domestic hourly union plan have been curtailed as a result of collective bargaining renewals for those sites.

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 2023, 2022 and 2021 were approximately $17.6 million, $10.1 million and $10.9 million, respectively. The Company’s matching portion and annual employer contributions to the Company’s foreign defined contribution plans for fiscal 2023, 2022 and 2021 were approximately $10.2 million, $8.6 million and $9.6 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, 2023 and December 31, 2022) (in thousands):


	December 30, 2023		December 31, 2022
Change in projected benefit obligation:
Projected benefit obligation at beginning of period	$	167,546	$	225,808
Service cost	2,714		3,149
Interest cost	7,836		5,231
Employee contributions	340		353


Actuarial (gain)/loss	3,662		(52,490)
Benefits paid	(9,962)		(9,919)

Effect of settlement	(1,138)		(476)
Special termination benefit recognized	—		38
Other	1,356		(4,148)
Projected benefit obligation at end of period	172,354		167,546

Change in plan assets:
Fair value of plan assets at beginning of period	147,766		188,718
Actual return on plan assets	13,312		(33,841)
Employer contributions	4,254		5,570
Employee contributions	340		353

Benefits paid	(9,962)		(9,919)
Effect of settlement	(1,138)		(476)

Other	840		(2,639)
Fair value of plan assets at end of period	155,412		147,766

Funded status	(16,942)		(19,780)
Net amount recognized	$	(16,942)	$	(19,780)

Amounts recognized in the consolidated balance sheets consist of:
Noncurrent assets	$	4,928	$	3,910
Current liability	(1,149)		(1,152)
Noncurrent liability	(20,721)		(22,538)
Net amount recognized	$	(16,942)	$	(19,780)

Amounts recognized in accumulated other comprehensive loss consist of:
Net actuarial loss	$	19,432	$	22,176
Prior service cost	(501)		101
Net amount recognized (a)	$	18,931	$	22,277

(a) Amounts do not include deferred taxes of $4.5 million and $5.6 million at December 30, 2023 and December 31, 2022, respectively.

The amounts included in “Other” in the above table reflect the impact of foreign 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 69% and 71% of the projected benefit obligation for fiscal 2023 and fiscal 2022, respectively. Additionally, the Company has made required and tax deductible discretionary

contributions to its domestic pension plans in fiscal 2023 and fiscal 2022 of approximately $0.2 million and $2.0 million, respectively. The Company made required and tax deductible discretionary contributions to its foreign pension plans in fiscal 2023 and fiscal 2022 of approximately $4.1 million and $3.6 million, respectively.

A significant component of the overall increase in the Company’s benefit obligation for the fiscal year ended December 31, 2023 was from the change in the weighted-average discount rates at the measurement dates, which decreased from 4.82% at December 31, 2022 to 4.62% at December 31, 2023.

Information for pension plans with accumulated benefit obligations in excess of plan assets is as follows (in thousands):


	December 30, 2023		December 31, 2022
Projected benefit obligation	$	110,719	$	110,039
Accumulated benefit obligation	108,262		107,807
Fair value of plan assets	88,939		86,441

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):


	December 30, 2023		December 31, 2022		January 1, 2022
Service cost	$	2,714	$	3,149	$	3,127
Interest cost	7,836		5,231		4,816
Expected return on plan assets	(7,958)		(8,604)		(9,287)
Net amortization and deferral	1,724		2,257		4,253

Settlement	(58)		(22)		210
Special termination benefit recognized	—		38		—
Net pension cost	$	4,258	$	2,049	$	3,119

Weighted average assumptions used to determine benefit obligations were:


	December 30, 2023	December 31, 2022	January 1, 2022
Discount rate	4.62%	4.82%	2.40%
Rate of compensation increase	0.61%	0.55%	0.50%

Weighted average assumptions used to determine net periodic benefit cost for the employee benefit pension plans were:


	December 30, 2023	December 31, 2022	January 1, 2022
Discount rate	4.26%	0.68%	1.32%
Rate of increase in future compensation levels	0.57%	0.51%	0.52%
Expected long-term rate of return on assets	5.72%	4.75%	5.40%

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 33% equity and 67% fixed income with equity exposure on a declining trend since the implementation of the glide path for the U.S. plans, the Company believes it is reasonable to expect a long-term rate of return of 6.3% 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 2.4%.

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 a dynamic asset allocation glide path (the “Glide Path”) by which the U.S. plans' asset allocations are determined. The Glide Path designates intervals based on funded status which contain a corresponding allocation to equities/real assets and fixed income. As the U.S. plans' funded status improves, the allocations become more conservative, and the opposite is true when the funded status declines.


Fixed Income			35% - 80%
Equities			20% - 65%

The equity allocation is invested in stocks traded on one of the U.S. stock exchanges or in foreign companies whose stock is traded outside the U.S. and/or companies that conduct the major portion of their business outside the U.S. Securities convertible into such stocks, convertible bonds and preferred stock, may also be purchased. The portfolio may invest in American Depository Receipts (“ADR”). The majority of the equities are invested in mutual funds that are well-diversified among growth and value stocks, as well as large, mid, and small cap assets. This mix is balanced based on the understanding that large cap stocks are historically less volatile than small cap stocks: however, smaller cap stocks have historically outperformed larger cap stocks. The emerging markets portion of the equity allocation is held below 10% due to greater volatility in the asset class. Risk adjusted returns are the primary driver of allocation choices within these asset classes. The portfolio is well-diversified in terms of companies, industries and countries.

The diversified asset portion of the 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.

With two of the U.S. plans approaching a funded status of around 100% in fiscal 2023, the investment strategy for these two plans was changed from the Glide Path strategy into a liability driven investment strategy.

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 monthly basis to retain target allocation ranges. On a quarterly basis the plans' funded status will be recalculated to determine which Glide Path interval allocation is appropriate.

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):


	Total		Quoted 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 31, 2022
Fixed Income:
Long Term	$	23,028	$	23,028	$	—	$	—
Short Term	4,539		4,539		—		—
Equity Securities:
Domestic equities	33,369		33,369		—		—
International equities	23,465		23,465		—		—
Insurance contracts	16,713		—		14,970		1,743
Total categorized in fair value hierarchy	101,114		84,401		14,970		1,743
Other investments measured at NAV	46,652
Totals	$	147,766	$	84,401	$	14,970	$	1,743

Balances as of December 30, 2023
Fixed Income:
Long Term	$	91,921	$	91,921	$	—	$	—
Short Term	3,374		3,374		—		—
Equity Securities:
Domestic equities	22,429		22,429		—		—
International equities	19,011		19,011		—		—
Insurance contracts	18,677		—		16,659		2,018
Total categorized in fair value hierarchy	155,412		136,735		16,659		2,018
Other investments measured at NAV	—
Totals	$	155,412	$	136,735	$	16,659	$	2,018

The majority of the U.S. and Canada plan pension assets are invested in mutual funds; however, some assets are invested in pooled separate accounts (“PSA”) which have similar mutual fund counterparts. 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 and PSA is based on the market value of the underlying investments. The U.S. pension plans PSA for fiscal 2022 utilized net asset value (“NAV”) per share (or its equivalent) to measure its investments, as a practical expedient in accordance with ASC Topic 820, Fair Value Measurements and have not been classified in the fair value hierarchy in the above table. 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 January 1, 2022	$	2,982
Unrealized gains (losses) relating to instruments still held in the reporting period.	(1,055)
Purchases, sales, and settlements	—
Exchange rate changes	(184)
Balance as of December 31, 2022	1,743
Unrealized gains (losses) relating to instruments still held in the reporting period.	209
Purchases, sales, and settlements	—
Exchange rate changes	66
Balance as of December 30, 2023	$	2,018

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 $4.4 million to meet funding requirements for its domestic and foreign pension plans in fiscal 2024.

Estimated Future Benefit Payments

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


Year Ending	Pension Benefits
2024	$	11,896
2025	11,312
2026	11,512
2027	13,274
2028	13,459
Years 2029 – 2033	64,076

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):


											Expiration
Pension	EIN Pension	Pension Protection Act Zone Status		FIP/RP Status Pending/	Contributions						Date of Collective Bargaining
Fund	Plan Number	2023	2022	Implemented	2023		2022		2021		Agreement
Western Conference of Teamsters Pension Plan	91-6145047 / 001	Green	Green	No	$	1,443	$	1,516	$	1,294	January 2026 (b)
Central States, Southeast and Southwest Areas Pension Plan (a)	36-6044243 / 001	Green	Red	Yes	714		899		811		April 2026 (c)
All other multiemployer plans					1,476		1,035		1,107
		Total Company Contributions			$	3,633	$	3,450	$	3,212

(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 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 projected to now have zone status of 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. The agreements have expiration dates through January 1, 2026.

(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. Certain of these agreements have expired and are being negotiated with others having expiration dates through April 2, 2026.

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 $3.6 million, $3.5 million and $3.2 million for the years ended December 30, 2023, December 31, 2022 and January 1, 2022, respectively.

The Company has withdrawal liabilities recorded on four U.S. multiemployer plans in which it participated. As of December 30, 2023, the Company has an aggregate accrued liability of approximately $4.7 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.

- Definition

The entire disclosure for retirement benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 70
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480794/715-70-50-1

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 17
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480482/715-20-55-17

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(iv)(03)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (q)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (l)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//715/tableOfContent

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(iii)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (o)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (p)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (r)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (r)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480126/715-20-S99-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 60
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480266/715-60-50-3

+ Details

Derivatives

12 Months Ended

Dec. 30, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

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 December 30, 2023, the Company had foreign currency forward contracts and interest rate swaps outstanding that qualified and were designated for hedge accounting as well as corn 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. The notional amount of these swaps totaled $900.0 million. Under the contracts, the Company is obligated to pay a weighted average rate of 4.007% 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 first quarter of 2026. At December 30, 2023, the aggregate fair value of these interest rate swaps was approximately $3.7 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.

In fiscal 2023, the Company also entered into cross currency swaps that are designated as cash flow hedges. The notional amount of these swaps was €519.2 million. Under the contracts, the Company is obligated to pay a 4.6% euro denominated fixed rate while receiving a weighted average U.S. dollar fixed rate of 5.799%. Under the terms of the cross currency swaps, the Company hedged its intercompany notes receivable into the first quarter of 2025. Accordingly, changes in the fair value of the cash flow hedge are initially recorded as gains and/or losses as a component of accumulated other comprehensive loss. We immediately reclassify from accumulated other comprehensive loss to earnings an amount to offset the remeasurement recognized in earnings associated with the respective intercompany loan. Additionally, we reclassify amounts from accumulated other comprehensive income/(loss) associated with the interest rate differential between the U.S. dollar and a Euro to interest expense. At December 30, 2023, the aggregate fair value of these cross currency swaps was approximately $10.8 million. These amounts are included in other current assets and noncurrent liabilities on the balance sheet, with an offset recorded in accumulated other comprehensive loss.

In fiscal 2023, fiscal 2022 and fiscal 2021, 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 2024. At December 30, 2023 and December 31, 2022, the aggregate fair value of these foreign exchange contracts was approximately $15.9 million and $13.8 million, respectively. The amounts are included in other current assets, accrued expenses, other assets and noncurrent liabilities on the balance sheet, with an offset recorded in accumulated other comprehensive loss.

In fiscal 2022 and fiscal 2021, the Company entered into corn option contracts that are considered cash flow hedges. Under the terms of the corn option contracts the Company hedged a portion of its forecasted sales of BBP. At December 30, 2023, there are not any outstanding corn option contracts designated as cash flow hedges. At December 30, 2023 and December 31, 2022, the aggregate fair value of the corn contracts was approximately zero and $0.9 million, respectively. The amounts are included in other current assets on the balance sheet.

In fiscal 2023, fiscal 2022 and fiscal 2021, the Company entered into soybean meal forward contracts to hedge a portion of its forecasted poultry meal sales. At December 30, 2023, there are not any outstanding soybean meal forward contracts designated as cash flow hedges. At December 30, 2023 and December 31, 2022, the aggregate fair value of the soybean meal contracts was approximately zero and $0.6 million, respectively. The amounts are included in other current assets on the balance sheet.

At December 30, 2023, 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 Currency		Contract Currency
Type	Amount	Type	Amount
Brazilian real	170,788	Euro	31,272
Brazilian real	1,546,487	U.S. Dollar	292,015
Euro	48,435	U.S. Dollar	52,622
Euro	40,614	Polish zloty	176,500
Euro	11,177	Japanese yen	1,741,390
Euro	25,043	Chinese renminbi	195,270
Euro	18,373	Australian dollar	30,150
Euro	2,797	British pound	2,415

Polish zloty	35,023	Euro	8,066
Polish zloty	2,941	U.S. dollar	740
British pound	149	Euro	173
British pound	75	U.S. dollar	95
Japanese yen	145,199	U.S. dollar	994
U.S. dollar	1,050	Japanese yen	149,000
U.S. dollar	562,340	Euro	519,182
Australian dollar	162	Euro	100

The above foreign currency contracts had an aggregate fair value of approximately $5.0 million and are included in other current assets, accrued expenses and noncurrent liabilities at December 30, 2023.

The Company estimates the amount that will be reclassified from accumulated other comprehensive loss at December 30, 2023 into earnings over the next 12 months will be approximately $48.9 million. As of December 30, 2023, no amounts have 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 December 30, 2023, December 31, 2022 and January 1, 2022 (in thousands):


		Loss or (Gain) Recognized in Income on Derivatives Not Designated as Hedges
		For The Year Ended
Derivatives not designated as hedging instruments	Location	December 30, 2023		December 31, 2022		January 1, 2022
Foreign exchange	Foreign currency loss/(gain)	$	(2,031)	$	42,690	$	21,698
Foreign exchange	Net sales	(1,789)		(1,108)		1,178
Foreign exchange	Cost of sales and operating expenses	(294)		(949)		(844)
Foreign exchange	Selling, general and administrative expense	(7,109)		(4,200)		3,405
Corn options and futures	Net sales	1,945		(2,092)		(3,564)
Corn options and futures	Cost of sales and operating expenses	(3,085)		5,447		5,669



Heating oil swaps and options	Selling, general and administrative expense	49		122		—
Soybean meal	Net sales	282		(1,730)		—

Total		$	(12,032)	$	38,180	$	27,542

At December 30, 2023, the Company had forward purchase agreements in place for purchases of approximately $191.9 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.

Fair Value Measurement

12 Months Ended

Dec. 30, 2023

Fair Value Disclosures [Abstract]

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 December 30, 2023 and December 31, 2022 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 December 30, 2023 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	$	29,000	$	—	$	29,000	$	—
Total Assets	29,000		—		29,000		—

Liabilities
Derivative liabilities	19,997		—		19,997		—
Contingent consideration	86,495		—		—		86,495
6% Senior Notes	1,000,000		—		1,000,000		—
5.25% Senior Notes	493,100		—		493,100		—
3.625% Senior Notes	560,994		—		560,994		—
Term loan A-1	398,000		—		398,000		—
Term loan A-2	478,844		—		478,844		—
Term loan A-3	298,500		—		298,500		—
Term loan A-4	488,172		—		488,172		—
Revolver	604,766		—		604,766		—
Total Liabilities	$	4,428,868	$	—	$	4,342,373	$	86,495


			Fair Value Measurements at December 31, 2022 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	$	20,324	$	—	$	20,324	$	—
Total Assets	20,324		—		20,324		—

Liabilities
Derivative liabilities	5,406		—		5,406		—
Contingent consideration	169,903		—		—		169,903
6% Senior Notes	977,200		—		977,200		—
5.25% Senior Notes	485,700		—		485,700		—
3.625% Senior Notes	533,155		—		533,155		—
Term loan A-1	398,000		—		398,000		—
Term loan A-2	488,813		—		488,813		—
Term Loan B	199,000		—		199,000		—
Revolver	133,003		—		133,003		—
Total Liabilities	$	3,390,180	$	—	$	3,220,277	$	169,903

Derivative assets and liabilities consist of the Company’s corn option and future contracts, foreign currency forward and option contracts, soybean meal forward 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 16 Derivatives for discussion on the Company’s derivatives.

The fair value of the senior notes, term loan A-1, term loan A-2, term loan A-3, term loan A-4, term loan B and revolver debt is based on market quotation from third-party banks.

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 and as such have been excluded from the table above. 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 fair value measurement of contingent consideration liability uses significant unobservable inputs (level 3). We estimated the fair value of the 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 as of December 30, 2023 included the EBITDA forecast through the remaining term of the contingent consideration, an EBITDA discount rate, an 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. The changes in contingent consideration are due to the following:


(in thousands of dollars)	Contingent Consideration
Balance as of January 1, 2022	$	—
Initial measurement	168,128
Total included in earnings during period	3,506
Exchange rate changes	(1,731)
Balance as of December 31, 2022	169,903
Out of period correction (1)	(85,144)
Total included in earnings during period	(5,835)
Exchange rate changes	7,571
Balance as of December 30, 2023	$	86,495

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Asset Impairment, Exit and Restructuring Costs	12 Months Ended
Asset Impairment, Exit and Restructuring Costs	Dec. 30, 2023
Restructuring and Related Activities [Abstract]
Asset Impairment, Exit and Restructuring Costs	RESTRUCTURING AND ASSET IMPAIRMENT CHARGES In the fourth quarter of fiscal 2023, the Company’s management 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. In December 2022, the Company’s management reviewed our global network of collagen plants for optimization opportunities and decided to close our Peabody, Massachusetts, plant in 2023. As a result of the restructuring, the Company incurred asset impairment charges in the food segment of approximately $21.1 million. In addition to charges incurred in fiscal 2022, the Company incurred additional restructuring and asset impairment charges in fiscal 2023 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. 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. In the second quarter of fiscal 2022, the Company lost a large raw material customer at a plant location in Canada that resulted in an asset impairment charge to the Company’s intangible assets of approximately $8.6 million. The Company has recorded these impairments in the restructuring and asset impairment charges line on the consolidated statement of operations. In December 2020, due to unfavorable economics in the biodiesel industry, the Company made the decision to shut down processing operations at its biodiesel facilities located in the United States and Canada, and there are no current plans to resume biodiesel production at these facilities in the future. In addition to charges incurred in fiscal 2020, the Company incurred additional restructuring and asset impairment charges in fiscal 2021 related to the biodiesel facilities of approximately $0.8 million, with approximately $0.4 million of this amount being employee termination costs in Canada and the remainder representing charges to long-lived assets and other charges.

Concentration of Credit Risk	12 Months Ended
Concentration of Credit Risk	Dec. 30, 2023
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 2023, 2022 and 2021, approximately 20%, 17% and 11% of our total net sales were to the DGD Joint Venture. In addition, at December 31, 2023 and December 31, 2022, approximately 22% and 17%, respectively of our accounts receivable were due from the DGD Joint Venture. See Note 23 for additional discussion of the Company’s transactions with the DGD Joint Venture.

Contingencies	12 Months Ended
Contingencies	Dec. 30, 2023
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, employees 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, litigation and tax contingencies. At December 30, 2023 and December 31, 2022, the reserves for insurance, regulatory, governmental, environmental, litigation and tax contingencies reflected on the balance sheet in accrued expenses and other non-current liabilities was approximately $95.1 million and $92.1 million, respectively. The Company has insurance recovery receivables reflected on the balance sheet in other assets of approximately $36.0 million as of December 30, 2023 and December 31, 2022, 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 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. 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 settlement 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.

Business Segments

12 Months Ended

Dec. 30, 2023

Segment Reporting [Abstract]

BUSINESS SEGMENTS

The Company sells its products domestically and internationally and operates within three industry segments: Feed Ingredients, Food Ingredients and Fuel Ingredients. The measure of segment profit (loss) includes all revenues, operating expenses (excluding certain amortization of intangibles), and selling, general and administrative expenses incurred at all operating locations and excludes general corporate expenses.

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.

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 and meat-by-products 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.

Business Segments (in thousands):


	Feed Ingredients		Food Ingredients		Fuel Ingredients		Corporate		Total
Fiscal Year Ended December 30, 2023
Net Sales	$	4,472,592	$	1,752,065	$	563,423	$	—	$	6,788,080
Cost of sales and operating expenses	3,385,859		1,310,581		446,620		—		5,143,060
Gross Margin	1,086,733		441,484		116,803		—		1,645,020

Loss/(gain) on sale of assets	814		(8,144)		(91)		—		(7,421)
Selling, general and administrative expenses	310,363		128,464		23,543		80,164		542,534
Restructuring and asset impairment charges	4,026		14,527		—		—		18,553
Depreciation and amortization	360,249		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 subsidiaries	5,011		—		—		—		5,011
Segment income/(loss)	424,183		211,646		425,265		(106,357)		954,737

Total other expense									(234,780)
Income before income taxes									$	719,957

Segment assets at December 30, 2023	$	4,702,593	$	2,646,702	$	2,589,145	$	1,122,644	$	11,061,084


	Feed Ingredients		Food Ingredients		Fuel Ingredients		Corporate		Total
Fiscal Year Ended December 31, 2022
Net Sales	$	4,539,000	$	1,459,630	$	533,574	$	—	$	6,532,204
Cost of sales and operating expenses	3,473,506		1,102,250		426,853		—		5,002,609
Gross Margin	1,065,494		357,380		106,721		—		1,529,595

Gain on sale of assets	(3,426)		(1,008)		(60)		—		(4,494)
Selling, general and administrative expenses	258,781		101,681		13,690		62,456		436,608
Restructuring and asset impairment charges	8,557		21,109		—		—		29,666
Depreciation and amortization	295,249		59,029		29,500		10,943		394,721
Acquisition and integration costs	—		—		—		16,372		16,372
Equity in net income of Diamond Green Diesel	—		—		372,346		—		372,346
Segment operating income/(loss)	506,333		176,569		435,937		(89,771)		1,029,068

Equity in net income of other unconsolidated subsidiaries	5,102		—		—		—		5,102
Segment income/(loss)	511,435		176,569		435,937		(89,771)		1,034,170

Total other expense									(140,452)
Income before income taxes									$	893,718

Segment assets at December 31, 2022	$	4,866,351	$	1,251,473	$	2,307,199	$	777,347	$	9,202,370


	Feed Ingredients		Food Ingredients		Fuel Ingredients		Corporate		Total
Fiscal Year Ended January 1, 2022
Net Sales	$	3,039,500	$	1,271,629	$	430,240	$	—	$	4,741,369
Cost of sales and operating expenses	2,206,248		979,232		313,905		—		3,499,385
Gross Margin	833,252		292,397		116,335		—		1,241,984

Gain on sale of assets	(550)		(88)		(320)		—		(958)
Selling, general and administrative expenses	220,078		97,555		16,999		56,906		391,538
Restructuring and asset impairment charges	—		—		778		—		778
Acquisition costs	—		—		—		1,396		1,396
Depreciation and amortization	218,942		60,929		25,436		11,080		316,387
Equity in net income of Diamond Green Diesel	—		—		351,627		—		351,627
Segment operating income/(loss)	394,782		134,001		425,069		(69,382)		884,470

Equity in net income of other unconsolidated subsidiaries	5,753		—		—		—		5,753
Segment income/(loss)	400,535		134,001		425,069		(69,382)		890,223

Total other expense									(68,827)
Income before income taxes									$	821,396

Business Segment Property, Plant and Equipment (in thousands):


	December 30, 2023		December 31, 2022		January 1, 2022
Capital expenditures for the year ended:
Feed Ingredients	$	413,831	$	270,157	$	187,445
Food Ingredients	92,704		72,301		54,799
Fuel Ingredients	39,053		37,568		26,078
Corporate Activities	9,892		11,283		5,804
Total (a)	$	555,480	$	391,309	$	274,126

(a) Excludes capital assets acquired by acquisition in fiscal 2023 and fiscal 2022 of approximately $155.5 million and $588.8 million, respectively.

Long-lived assets related to the Company’s operations in North America, Europe, China, South American and other were as follows (in thousands):


	FY 2023		FY 2022
	Long-Lived Assets		Long-Lived Assets
North America	$	5,667,606	$	5,229,906
Europe	1,329,466		1,276,333
China	116,698		120,801
South America	2,072,840		920,827
Other	18,808		16,406
Total	$	9,205,418	$	7,564,273

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-15

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-42

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-40

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//280/tableOfContent

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-26

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 34
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-34

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-41

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-21

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-21

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

+ Details

Revenue (Notes)

12 Months Ended

Dec. 30, 2023

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, which will result in billed freight recorded in cost of sales and netted against freight 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 December 30, 2023, December 31, 2022 and January 1, 2022 (in thousands):


	Year Ended December 30, 2023
	Feed Ingredients		Food Ingredients		Fuel Ingredients		Total
Geographic Area
North America	$	3,696,423	$	469,289	$	—	$	4,165,712
Europe	373,180		754,846		563,423		1,691,449
China	27,433		281,139		—		308,572
South America	362,657		171,425		—		534,082
Other	12,899		75,366		—		88,265
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 oil	497,657		—		—		497,657
Proteins	1,672,027		—		—		1,672,027
Bakery	255,214		—		—		255,214
Other rendering	243,525		—		—		243,525
Food ingredients	—		1,476,875		—		1,476,875
Bioenergy	—		—		563,423		563,423

Other	64,820		110,460		—		175,280
Net sales	$	4,472,592	$	1,752,065	$	563,423	$	6,788,080


	Year Ended December 31, 2022
	Feed Ingredients		Food Ingredients		Fuel Ingredients		Total
Geographic Area
North America	$	3,852,559	$	369,499	$	—	$	4,222,058
Europe	502,432		733,967		533,574		1,769,973
China	25,100		259,584		—		284,684
South America	146,682		40,661		—		187,343
Other	12,227		55,919		—		68,146
Net sales	$	4,539,000	$	1,459,630	$	533,574	$	6,532,204

Major product types
Fats	$	1,951,183	$	205,674	$	—	$	2,156,857
Used cooking oil	519,119		—		—		519,119
Proteins	1,476,553		—		—		1,476,553
Bakery	333,442		—		—		333,442
Other rendering	200,945		—		—		200,945
Food ingredients	—		1,121,995		—		1,121,995
Bioenergy	—		—		533,574		533,574
Biofuels	—		—		—		—
Other	57,758		131,961		—		189,719
Net sales	$	4,539,000	$	1,459,630	$	533,574	$	6,532,204


	Year Ended January 1, 2022
	Feed Ingredients		Food Ingredients		Fuel Ingredients		Total
Geographic Area
North America	$	2,577,705	$	286,852	$	3,377	$	2,867,934
Europe	430,549		663,619		426,863		1,521,031
China	19,446		233,766		—		253,212
South America	—		31,446		—		31,446
Other	11,800		55,946		—		67,746
Net sales	$	3,039,500	$	1,271,629	$	430,240	$	4,741,369

Major product types
Fats	$	1,198,122	$	182,674	$	—	$	1,380,796
Used cooking oil	319,145		—		—		319,145
Proteins	1,022,694		—		—		1,022,694
Bakery	287,424		—		—		287,424
Other rendering	173,405		—		—		173,405
Food ingredients	—		961,617		—		961,617
Bioenergy	—		—		426,863		426,863
Biofuels	—		—		3,377		3,377
Other	38,710		127,338		—		166,048
Net sales	$	3,039,500	$	1,271,629	$	430,240	$	4,741,369

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 include 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.

Biofuels. Biofuels includes the North American processing of rendered animal fats, recycled cooking oils and third-party additives to produce diesel fuel. Biofuel net sales are recognized when the finished product is shipped to the customer and control has been transferred.

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 2023, 2022 and 2021 under these long-term supply contracts was approximately $171.1 million, $168.4 million and $95.3 million, respectively, with the remaining performance obligations to be recognized in future periods (generally 4 years) of approximately $798.9 million.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-9

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org//606/tableOfContent

+ Details

Related Party Transactions	12 Months Ended
Related Party Transactions	Dec. 30, 2023
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 December 30, 2023, December 31, 2022 and January 1, 2022, the Company has recorded sales to the DGD Joint Venture of approximately $1.3 billion, $1.1 billion and $521.7 million, respectively. At December 30, 2023 and December 31, 2022, the Company has approximately $172.3 million and $116.9 million in outstanding receivables due from the DGD Joint Venture, respectively. In addition, the Company has eliminated additional sales of approximately $79.4 million, $62.8 million and $24.0 million for the years ended December 30, 2023, December 31, 2022 and January 1, 2022, 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 December 30, 2023, December 31, 2022 and January 1, 2022 of approximately $16.1 million, $15.8 million and $6.0 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. During the fourth quarter of fiscal 2021, in September 2022 and again 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 and paid interest to the Company for the years ended December 30, 2023, December 31, 2022 and January 1, 2022 of approximately $0.6 million, $0.6 million and $0.1 million, respectively. As of December 30, 2023 and December 31, 2022, zero and $25.0 million was owed to Darling Green under the 2023 DGD Loan Agreement and 2019 DGD Loan Agreement, respectively. This note receivable amount is included in other current assets on the balance sheet and is included in investing activities on the cash flow statement. Subsequent to December 30, 2023, 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. Guarantee Agreements In February 2020, in connection with the DGD Joint Venture’s expansion project at its Norco, LA facility, 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, TX facility, 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.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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-Name Accounting Standards Codification
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

+ Details

Cash Flow Information

12 Months Ended

Dec. 30, 2023

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
	December 30, 2023		December 31, 2022		January 1, 2022
Supplemental disclosure of cash flow information:
Change in accrued capital expenditures	$	2,222	$	9,558	$	6,585
Cash paid during the year for:
Interest, net of capitalized interest	$	261,321	$	113,362	$	58,449
Income taxes, net of refunds	$	152,670	$	113,013	$	46,399
Non-cash operating activities
Operating lease right of use asset obtained in exchange for new lease liabilities	$	79,462	$	70,269	$	56,642
Non-cash financing activities
Debt issued for assets	$	3,827	$	6,103	$	126

New Accounting Pronoucements	12 Months Ended
New Accounting Pronoucements	Dec. 30, 2023
New Accounting Pronoucements [Abstract]
NEW ACCOUNTING PRONOUNCEMENTS	NEW ACCOUNTING PRONOUNCEMENTS In December 2023, the FASB issued Accounting Standards Update (“ASC”) No. 2023-09, Income Taxes (Topic 740) Improvements to Income Tax Disclosures, which expands the disclosures required in an entity's income tax rate reconciliation table and disclosure of income taxes paid both in U.S. and foreign jurisdictions. The amendments are effective for fiscal years beginning after December 15, 2024 and should be applied prospectively. 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. In November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280) Improvements to Reportable Segment Disclosures. The amendment requires disclosure of significant segment expenses that are regularly provided to the chief operating decision maker and included within each reported measure of segment profit or loss, an amount and description of its composition for other segment items, and interim disclosures of a reportable segment's profit or loss and assets. The amendments are effective for fiscal years beginning after December 15, 2023, and for interim periods within fiscal years beginning after December 15, 2024 and should be applied retrospectively. 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 to be provided in the foot note disclosure.

- Definition

The entire disclosure for change in accounting principle. Includes, but is not limited to, nature, reason, and method of adopting amendment to accounting standards or other change in accounting principle.

+ References

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+ Details

Pay vs Performance Disclosure - USD ($) $ in Thousands	12 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022
Pay vs Performance Disclosure
Net income	$ 647,726	$ 737,690	$ 650,914

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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+ Details

Insider Trading Arrangements	12 Months Ended
Insider Trading Arrangements	Dec. 30, 2023
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

General (Summary of Significant Accounting Policies) (Policies)

12 Months Ended

Dec. 30, 2023

General [Abstract]

Basis of Presentation

The consolidated financial statements include the accounts of Darling and its consolidated subsidiaries. Noncontrolling interests represents 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.

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 52 weeks ended December 30, 2023, the 52 weeks ended December 31, 2022, and the 52 weeks ended January 1, 2022.

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 Statement 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 Statement of Cash Flows. Restricted cash shown on the Consolidated Balance Sheet as of December 30, 2023 and December 31, 2022, primarily represented amounts set aside as collateral for foreign construction projects and U. S. environmental claims and were insignificant to the Company. Restricted cash included in other assets as of December 30, 2023 and December 31, 2022, primarily represents 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 Statement of Cash flows is as follows (in thousands):


	December 30, 2023		December 31, 2022
Cash and cash equivalents	$	126,502	$	127,016
Restricted cash	292		315
Restricted cash included in other long-term assets	137,656		22,837
Total cash, cash equivalents and restricted cash shown in the statement of cash flows	$	264,450	$	150,168

Accounts Receivable and Allowance for Doubtful Accounts

Accounts Receivable and Allowance for Doubtful AccountsThe Company maintains allowances for doubtful accounts 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 doubtful accounts may be required.

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

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, 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; 3 to 7 years for non-compete agreements; and 4 to 15 years for trade names. Royalties, product development, patents, consulting, land use rights 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 an other indefinite lived intangible asset is 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 2023, the Company performed a quantitative approach to valuing goodwill and indefinite-lived intangible assets at October 28, 2023 and as a result determined the fair values of the Company’s reporting units containing goodwill exceeded the related carrying values.

Lessee, Leases [Policy Text Block]

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 and subsequently measured at the present value of the unpaid lease payments at the lease commencement date. 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 payments 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 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

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

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.

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

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 income (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

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 22 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.

Reclassification, Comparability Adjustment

Reclassification

Certain immaterial prior year amounts have been reclassified to conform to current year presentation.

Business Combinations Policy

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.

Out of Period Correction

During the quarter ended July 1, 2023, the Company determined the fair value of the contingent consideration liability recorded related to the FASA Group of approximately R$867.5 million (approximately $168.1 million USD at the exchange rate in effect on the closing date of the acquisition) was overstated in the initial purchase price allocation. The error was the result of the use of an incorrect fair value model under the income approach to determine fair value of the contingent consideration liability upon acquisition. Utilizing assistance from external valuation experts and the use of a Monte Carlo simulation, the Company determined during the quarter ended July 1, 2023 the acquisition date fair value of the contingent payment was R$428.2 million (approximately $83.0 million USD at the exchange rate in effect on the closing date of the acquisition) representing the probability weighted present value of the expected payment to be made under the agreement using the income approach. This resulted in an overstatement of the fair value of the contingent consideration liability of approximately $85.1 million on the acquisition date.

The Company assessed the impact of this error and concluded that it was not material and did not affect previously issued financial statements for any interim or annual period, and the correction of the error during the quarter ended July 1, 2023 was not material to the second quarter 2023 financial statements and is not material to the annual financial statements for fiscal 2023. The correction of the fair value of the contingent consideration liability at the acquisition date was recorded as an immaterial out-of-period correction during the quarter ended July 1, 2023 with the offset to the balance sheet recorded as a reduction to goodwill of approximately $85.1 million, which is included in the Feed Ingredients segment.

General (Tables)

12 Months Ended

Dec. 30, 2023

General [Abstract]

Net Income per Common Share [Table Text Block]


	Net Income per Common Share (in thousands, except per share data)
			December 30,					December 31,					January 1,
			2023					2022					2022
	Income		Shares	Per-Share		Income		Shares	Per-Share		Income		Shares	Per-Share
Basic:
Net income attributable to Darling	$	647,726	159,861	$	4.05	$	737,690	161,000	$	4.58	$	650,914	162,454	$	4.01

Diluted:
Effect of dilutive securities
Add: Option shares in the money and dilutive effect of nonvested stock	—		3,314	—		—		3,831	—		—		5,468	—
Less: Pro-forma treasury shares	—		(788)	—		—		(710)	—		—		(826)	—
Diluted:
Net income attributable to Darling	$	647,726	162,387	$	3.99	$	737,690	164,121	$	4.49	$	650,914	167,096	$	3.90

Restrictions on Cash and Cash Equivalents [Table Text Block]

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 Statement of Cash flows is as follows (in thousands):


	December 30, 2023		December 31, 2022
Cash and cash equivalents	$	126,502	$	127,016
Restricted cash	292		315
Restricted cash included in other long-term assets	137,656		22,837
Total cash, cash equivalents and restricted cash shown in the statement of cash flows	$	264,450	$	150,168

Investment in Unconsolidated Subsidiary (Tables)

12 Months Ended

Dec. 30, 2023

Investment in Affiliate [Abstract]

Equity Method Investments

Selected financial information for the Company’s DGD Joint Venture is as follows:


(in thousands)	December 31, 2023		December 31, 2022
Assets:
Total current assets	$	1,877,430	$	1,304,805
Property, plant and equipment, net	3,838,800		3,866,854
Other assets	89,697		61,665
Total assets	$	5,805,927	$	5,233,324
Liabilities and members' equity:
Total current portion of long term debt	$	278,639	$	217,066
Total other current liabilities	417,918		515,023
Total long term debt	737,097		774,783
Total other long term liabilities	16,996		17,249
Total members' equity	4,355,277		3,709,203
Total liabilities and member's equity	$	5,805,927	$	5,233,324


	Year Ended December 31,
(in thousands)	2023		2022		2021
Revenues:
Operating revenues	$	6,990,622	$	5,501,166	$	2,342,332
Expenses:
Total costs and expenses less lower of cost or market inventory valuation adjustment and depreciation, amortization and accretion expense	5,925,778		4,614,192		1,575,494
Lower of cost or market (LCM) inventory valuation adjustment	60,871		—		—
Depreciation, amortization and accretion expense	230,921		125,656		58,326
Operating income	773,052		761,318		708,512
Other income	10,317		3,170		678
Interest and debt expense, net	(49,857)		(19,796)		(5,936)
Income before income tax expense	$	733,512	$	744,692	$	703,254
Income tax expense	752		—		—
Net income	$	732,760	$	744,692	$	703,254

Acquisitions (Tables)

12 Months Ended

Dec. 30, 2023

Business Combinations [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary estimated fair value of the assets acquired and the liabilities assumed in the Gelnex Acquisition as of March 31, 2023 (in thousands) inclusive of all measurement period adjustments recorded:


Accounts receivable	$	81,025
Inventories	140,865
Other current assets	3,143
Property, plant and equipment	155,493
Identifiable intangible assets	349,000
Goodwill	551,719
Operating lease right-of-use assets	134
Other assets	2,703
Deferred tax asset	993
Accounts payable	(15,059)
Current portion of long-term debt	(44,692)
Current operating lease liabilities	(26)
Accrued expenses	(18,719)
Long-term debt, net of current portion	(1,407)
Long-term operating lease liabilities	(123)
Deferred tax liability	(7,803)
Other noncurrent liabilities	(19)
Purchase price, net of cash acquired	$	1,197,227
Less hold-back	104,145
Cash paid for acquisition, net of cash acquired	$	1,093,082

The following table summarizes the final fair value of the assets acquired and the liabilities (in thousands), assumed in the FASA Acquisition as of August 1, 2022 at the exchange rate of R$5.16:USD$1.00 as adjusted for the immaterial out of period correction disclosed in Note 1 (16) and inclusive of all measurement adjustments recorded:


Accounts receivable	$	76,640
Inventories	43,058
Other current assets	33,327
Property, plant and equipment	224,384
Identifiable intangible assets	119,477
Goodwill	301,937
Operating lease right-of-use assets	583
Other assets	62,388
Deferred tax asset	2,315
Accounts payable	(15,920)
Current portion of long-term debt	(18,680)
Accrued expenses	(38,708)
Long-term debt, net of current portion	(41,926)
Long-term operating lease liabilities	(583)
Deferred tax liability	(95,653)
Other noncurrent liabilities	(503)
Non-controlling interests	(21,704)
Purchase price, net of cash acquired	$	630,432
Less hold-back	21,705
Less contingent consideration (1)	82,984
Cash paid for acquisition, net of cash acquired	$	525,743

(1) As disclosed in Note 1 (16), the immaterial out-of-period correction made during the quarter ended July 1, 2023 resulted in a reduction of goodwill and contingent consideration liability recorded associated with the FASA Acquisition of approximately $85.1 million.

The following table summarizes the final fair value of the assets acquired and the liabilities assumed in the Valley Acquisition as of May 2, 2022 (in thousands) inclusive of all measurement period adjustments recorded:


Accounts receivable	$	68,558
Inventories	58,246
Other current assets	13,825
Property, plant and equipment	409,405
Identifiable intangible assets	389,200
Goodwill	358,298
Operating lease right-of-use assets	16,380
Other assets	14,164
Deferred tax asset	1,075
Accounts payable	(47,615)
Current portion of long-term debt	(2,043)
Current operating lease liabilities	(4,779)
Accrued expenses	(66,034)
Long-term debt, net of current portion	(5,995)
Long-term operating lease liabilities	(11,601)
Other noncurrent liabilities	(19,436)
Purchase price, net of cash acquired	$	1,171,648

Business Acquisition, Pro Forma Information

As a result of the Gelnex Acquisition, the FASA Acquisition and the Valley Acquisition, effective March 31, 2023, August 1, 2022 and May 2, 2022, respectively, the Company began including the operations of the Gelnex Acquisition, the FASA Acquisition and the Valley Acquisition in the Company’s consolidated financial statements. The following table presents selected pro forma information, for comparative purposes, assuming the Gelnex Acquisition, the Valley Acquisition and FASA Acquisition had occurred on January 3, 2021 for the periods presented (unaudited) (in thousands):


	Twelve Months Ended
	December 30, 2023	December 31, 2022	January 1, 2022
Net sales	6,886,347	7,469,216	$	6,097,742
Net income	663,284	739,966	621,320

Inventories (Tables)

12 Months Ended

Dec. 30, 2023

Inventory Disclosure [Abstract]

INVENTORIES

A summary of inventories follows (in thousands):


	December 30, 2023		December 31, 2022
Finished product	$	448,245	$	384,289
Work in process	110,299		100,790
Raw material	68,188		69,164
Supplies and other	132,007		119,378
	$	758,739	$	673,621

Property, Plant and Equipment (Tables)

12 Months Ended

Dec. 30, 2023

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

A summary of property, plant and equipment follows (in thousands):


	December 30, 2023		December 31, 2022
Land	$	217,113	$	201,572
Buildings and improvements	1,033,243		873,080
Machinery and equipment	3,021,329		2,683,991
Vehicles	520,897		433,183
Aircraft	15,609		15,004
Construction in process	487,336		310,180
	5,295,527		4,517,010
Accumulated depreciation	(2,360,342)		(2,054,928)
	$	2,935,185	$	2,462,082

Intangbile assets (Tables)

12 Months Ended

Dec. 30, 2023

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):


	December 30, 2023		December 31, 2022
Indefinite Lived Intangible Assets
Trade names	$	52,507	$	51,639
	52,507		51,639
Finite Lived Intangible Assets:
Collection routes	746,868		776,909
Customer relationships	359,111		4,377
Permits	559,483		557,083
Non-compete agreements	395		695
Trade names	85,561		76,549
Royalty, product development, patents, consulting, land use rights and leasehold	20,613		20,971
	1,772,031		1,436,584
Accumulated Amortization:
Collection routes	(241,960)		(192,170)
Customer relationships	(29,270)		(3,938)
Permits	(407,713)		(368,005)
Non-compete agreements	(345)		(563)
Trade names	(63,660)		(53,486)
Royalties, product development, patents, consulting, land use rights and leasehold	(5,698)		(4,939)
	(748,646)		(623,101)
Total Intangible assets, less accumulated amortization	$	1,075,892	$	865,122

Goodwill (Tables)

12 Months Ended

Dec. 30, 2023

GOODWILL [Abstract]

Schedule of Goodwill

Changes in the carrying amount of goodwill (in thousands):


	Feed Ingredients		Food Ingredients		Fuel Ingredients		Total
Balance at January 1, 2022
Goodwill	$	814,863	$	332,866	$	119,342	$	1,267,071
Accumulated impairment losses	(15,914)		(461)		(31,580)		(47,955)
	798,949		332,405		87,762		1,219,116
Goodwill acquired during year	767,382		399		30,355		798,136
Goodwill impairment during year	—		(2,709)		—		(2,709)

Foreign currency translation	(25,390)		(12,458)		(6,318)		(44,166)
Balance at December 31, 2022
Goodwill	1,556,855		320,807		143,379		2,021,041
Accumulated impairment losses	(15,914)		(3,170)		(31,580)		(50,664)
	1,540,941		317,637		111,799		1,970,377
Goodwill acquired during year	3,247		626,202		—		629,449


Measurement period adjustments	(21,270)		(74,484)		(66)		(95,820)
Out-of-period correction (1)	(85,144)		—		—		(85,144)
Foreign currency translation	33,548		28,182		3,910		65,640
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

(1) As disclosed in Note 1 (16), the immaterial out-of-period correction made during the quarter ended July 1, 2023 resulted in a reduction of goodwill recorded associated with the FASA Acquisition of approximately $85.1 million, which is included in the Feed Ingredients segment.

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482548/350-20-55-24

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1A

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-2

+ Details

Accrued Expenses (Tables)

12 Months Ended

Dec. 30, 2023

ACCRUED EXPENSES [Abstract]

Schedule of Accounts Payable and Accrued Liabilities

Accrued expenses consist of the following (in thousands):


	December 30, 2023		December 31, 2022
Compensation and benefits	$	156,357	$	145,048




Accrued operating expenses	86,278		97,128



Other accrued expense	198,364		189,847
	$	440,999	$	432,023

(Tables)

12 Months Ended

Dec. 30, 2023

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
	December 30, 2023		December 31, 2022		January 1, 2022
Operating lease expense	$	56,078	$	49,377	$	48,049
Short-term lease costs	36,762		31,133		25,141
Total lease cost	$	92,840	$	80,510	$	73,190

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


	Year Ended
	December 30, 2023			December 31, 2022			January 1, 2022
Cash paid for amounts included in the measurement lease liabilities:
Operating cash flows from operating leases	$	58,924		$	53,359		$	50,258

Operating right-of-use assets, net	$	205,539		$	186,141

Operating lease liabilities, current	$	55,325		$	49,232
Operating lease liabilities, non-current	154,903			141,703
Total operating lease liabilities	$	210,228		$	190,935

Weighted average remaining lease term - operating leases	6.25 years			6.34 years
Weighted average discount rate - operating leases	4.59		%	3.89		%

Maturities of Operating Lease Liabilities

Future annual minimum lease payments and finance lease commitments as of December 30, 2023 were as follows (in thousands):


Period Ending Fiscal	Operating Leases		Finance Leases
2024	$	63,199	$	4,349
2025	54,302		4,176
2026	37,342		2,732
2027	29,267		2,250
2028	17,831		1,759
Thereafter	40,192		706
	242,133		15,972
Less amounts representing interest	(31,905)		(1,099)
Lease obligations included in current and long-term liabilities	210,228		14,873

Maturities of Financing Lease Liabilities

Future annual minimum lease payments and finance lease commitments as of December 30, 2023 were as follows (in thousands):


Period Ending Fiscal	Operating Leases		Finance Leases
2024	$	63,199	$	4,349
2025	54,302		4,176
2026	37,342		2,732
2027	29,267		2,250
2028	17,831		1,759
Thereafter	40,192		706
	242,133		15,972
Less amounts representing interest	(31,905)		(1,099)
Lease obligations included in current and long-term liabilities	210,228		14,873

Debt (Tables)

12 Months Ended

Dec. 30, 2023

Debt Disclosure [Abstract]

Schedule of Debt

Debt consists of the following (in thousands):


	December 30, 2023		December 31, 2022
Amended Credit Agreement:
Revolving Credit Facility ($82.9 million and $32.0 million denominated in € at December 30, 2023 and December 31, 2022, respectively)	$	610,875	$	135,028

Term A-1 facility	400,000		400,000
Less unamortized deferred loan costs	(546)		(722)
Carrying value Term A-1 facility	399,454		399,278

Term A-2 facility	481,250		493,750
Less unamortized deferred loan costs	(771)		(1,034)
Carrying value Term A-2 facility	480,479		492,716

Term A-3 facility	300,000		—
Less unamortized deferred loan costs	(832)		—
Carrying value Term A-3 facility	299,168		—

Term A-4 facility	490,625		—
Less unamortized deferred loan costs	(1,002)		—
Carrying value Term A-4 facility	489,623		—

Term Loan B	—		200,000
Less unamortized deferred loan costs	—		(1,302)
Carrying value Term Loan B	—		198,698

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	(6,441)		(7,228)
Carrying value 6% Senior Notes due 2030	993,559		992,772

5.25% Senior Notes due 2027 with effective interest of 5.47%	500,000		500,000
Less unamortized deferred loan costs	(3,249)		(4,127)
Carrying value 5.25% Senior Notes due 2027	496,751		495,873

3.625% Senior Notes due 2026 - Denominated in euro with effective interest of 3.83%	569,075		549,814
Less unamortized deferred loan costs - Denominated in euro	(2,763)		(3,728)
Carrying value 3.625% Senior Notes due 2026	566,312		546,086

Other Notes and Obligations	90,852		124,364
	4,427,073		3,384,815
Less Current Maturities	60,703		69,846
	$	4,366,370	$	3,314,969

Schedule of Maturities of Long-term Debt

Maturities of long-term debt at December 30, 2023 follow (in thousands):


	Contractual Debt Payment
2024	$	61,754
2025	83,316
2026	2,784,970
2027	503,978
2028	3,435
thereafter	1,005,224
	$	4,442,677

Other Noncurrent Liabilities (Tables)

12 Months Ended

Dec. 30, 2023

OTHER NONCURRENT LIABILITIES [Abstract]

Schedule of Other Liabilities, Noncurrent

Other noncurrent liabilities consist of the following (in thousands):


	December 30, 2023		December 31, 2022
Accrued pension liability (Note 15)	$	20,721	$	22,538
Reserve for self-insurance, litigation, environmental and tax matters (Note 20)	100,354		76,685
Long-term acquisition hold backs (Note 3)	137,913		26,113
Long-term contingent consideration (Note 17)	86,495		169,903
Other	4,326		3,694
	$	349,809	$	298,933

Income Taxes Income Taxes (Tables)

12 Months Ended

Dec. 30, 2023

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):


	December 30, 2023		December 31, 2022		January 1, 2022
United States	$	399,378	$	551,521	$	545,861
Foreign	320,579		342,197		275,535
Income before income taxes	$	719,957	$	893,718	$	821,396

Schedule of Components of Income Tax Expense (Benefit)

Income tax expense attributable to income before income taxes consists of the following (in thousands):


	December 30, 2023		December 31, 2022		January 1, 2022
Current:
Federal	$	1,574	$	(206)	$	(31)
State	1,336		2,288		8,442
Foreign	104,997		105,368		60,730
Total current	107,907		107,450		69,141
Deferred:
Federal	(22,868)		35,290		66,883
State	(28,511)		18,150		19,495
Foreign	3,040		(14,264)		8,587
Total deferred	(48,339)		39,176		94,965
	$	59,568	$	146,626	$	164,106

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


	December 30, 2023		December 31, 2022
Balance at beginning of Year	$	17,842	$	10,508
Change in tax positions related to current year	(1,883)		7,904
Change in tax positions related to prior years	(1,986)		(38)
Change in tax positions due to settlement with tax authorities	—		—
Expiration of the Statute of Limitations	(101)		(532)
Balance at end of year	$	13,872	$	17,842

Schedule of Effective Income Tax Rate Reconciliation

Income tax expense for the years ended December 30, 2023, December 31, 2022 and January 1, 2022, 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 30, 2023		December 31, 2022		January 1, 2022
Computed "expected" tax expense	$	151,191	$	187,681	$	172,493

Change in valuation allowance	27,713		(3,241)		(4,996)
Non-deductible compensation expenses	5,779		5,320		4,324
Deferred tax on unremitted foreign earnings	3,686		4,939		3,415

Foreign rate differential	16,607		17,628		14,748
Change in uncertain tax positions	(3,477)		8,167		6,809
State income taxes, net of federal benefit	(20,868)		10,738		18,205
Biofuel tax incentives	(125,006)		(77,189)		(38,778)
Global intangible low taxed income	14,943		5,745		1,549
Change in tax law	(5,890)		(13)		1,869

Equity compensation windfall	(2,241)		(13,441)		(11,046)
Other, net	(2,869)		292		(4,486)
	$	59,568	$	146,626	$	164,106

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 December 30, 2023 and December 31, 2022 are presented below (in thousands):


	December 30, 2023		December 31, 2022
Deferred tax assets:
Loss contingency reserves	$	15,247	$	11,775
Employee benefits	15,466		14,480
Pension liability	3,193		3,505

Interest expense carryforwards	53,591		28,769
Tax loss carryforwards	291,910		275,675
Tax credit carryforwards	2,051		2,432
Operating lease liabilities	57,503		53,765
Inventory	17,013		15,002
Accrued liabilities and other	23,090		18,408
Total gross deferred tax assets	479,064		423,811
Less valuation allowance	(40,063)		(12,788)
Net deferred tax assets	439,001		411,023

Deferred tax liabilities:
Intangible assets amortization, including taxable goodwill	(248,146)		(238,347)
Property, plant and equipment depreciation	(242,666)		(218,316)
Investment in DGD Joint Venture	(324,583)		(344,633)
Operating lease assets	(56,098)		(52,330)
Tax on unremitted foreign earnings	(18,139)		(12,890)
Other	(29,832)		(8,451)
Total gross deferred tax liabilities	(919,464)		(874,967)
Net deferred tax liability	$	(480,463)	$	(463,944)

Amounts reported on Consolidated Balance Sheets:
Non-current deferred tax asset	$	17,711	$	17,888
Non-current deferred tax liability	(498,174)		(481,832)
Net deferred tax liability	$	(480,463)	$	(463,944)

Stockholders' Equity and Stock-Based Compensation (Tables)

12 Months Ended

Dec. 30, 2023

Stockholders' Equity and Stock-Based Compensation [Abstract]

Schedule of Share-based Compensation, Stock Options, Activity

A summary of all stock option activity as of December 30, 2023 and changes during the year ended is as follows:


	Number of shares	Weighted-avg. exercise price per share		Weighted-avg. remaining contractual life
Options outstanding at January 2, 2021	3,691,515	$	17.31	6.2 years
Granted	—	—
Exercised	(521,177)	16.44
Forfeited	(22,524)	20.12
Expired	—	—
Options outstanding at January 1, 2022	3,147,814	17.43		5.2 years
Granted	—	—
Exercised	(386,460)	18.84
Forfeited	(4,767)	20.32
Expired	—	—
Options outstanding at December 31, 2022	2,756,587	17.23		4.3 years
Granted	—	—
Exercised	(223,000)	20.43
Forfeited	(2,212)	26.54
Expired	—	—
Options outstanding at December 30, 2023	2,531,375	$	16.94	3.3 years
Options exercisable at December 30, 2023	2,531,375	$	16.94	3.3 years

Schedule of Nonvested Share Activity

A summary of the Company’s non-vested stock and RSU awards as of December 30, 2023, and changes during the year ended is as follows:


	Non-Vested, and RSU Shares	Weighted Average Grant Date Fair Value
Stock awards outstanding January 2, 2021	11,375	$	35.00
Shares granted	90,689	56.93
Shares vested	(11,545)	35.32
Shares forfeited	(2,585)	56.93
Stock awards outstanding January 1, 2022	87,934	56.93
Shares granted	124,416	70.67
Shares vested	(35,337)	58.23
Shares forfeited	(6,764)	66.67
Stock awards outstanding December 31, 2022	170,249	66.31
Shares granted	168,924	61.73
Shares vested	(70,251)	65.03
Shares forfeited	(3,270)	62.55
Stock awards outstanding December 30, 2023	265,652	$	63.78

Schedule of Share-based Payment Award, Equity Instruments Other than Options, Valuation Assumptions

The fair value of each PSU award under the Company’s 2023 LTIP, 2022 LTIP and 2021 LTIP was estimated on the date of grant using a Monte Carlo model with the following weighted average assumptions for fiscal 2023, fiscal 2022 and fiscal 2021.


Weighted Average	2023	2022	2021
Expected dividend yield	0.0%	0.0%	0.0%
Risk-free interest rate	4.13%	1.04%	0.16%
Expected term	2.98 years	3.00 years	3.00 years
Expected volatility	49.6%	44.1%	39.9%

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity

A summary of the Company’s non-employee director RSU and DSU awards as of December 30, 2023, and changes during the year ended is as follows:


	Director RSUs and Director DSUs Shares	Weighted Average Grant Date Fair Value
Stock awards outstanding January 2, 2021	236,277	$	17.79
Shares granted	18,098	70.86
Shares where the restriction lapsed	(68,200)	19.21
Shares forfeited	—	—
Stock awards outstanding January 1, 2022	186,175	22.43
Shares granted	22,759	73.03
Shares where the restriction lapsed	—	—
Shares forfeited	—	—
Stock awards outstanding December 31, 2022	208,934	27.94
Shares granted	30,676	59.36
Shares where the restriction lapsed	(70,475)	24.69
Shares forfeited	(1,007)	61.01
Stock awards outstanding December 30, 2023	168,128	$	34.84

Comprehensive Income (Tables)

12 Months Ended

Dec. 30, 2023

Comprehensive Income [Abstract]

Schedule of Comprehensive Income (Loss)

The components of other comprehensive income/(loss) and the related tax impacts for the years ended December 30, 2023, December 31, 2022 and January 1, 2022 are as follows (in thousands):


	Before-Tax		Tax (Expense)		Net-of-Tax
	Amount		or Benefit		Amount
Year Ended January 1, 2022
Defined Benefit Pension Plans
Actuarial gain/(loss) recognized	$	12,415	$	(3,185)	$	9,230
Amortization of actuarial gain/(loss)	4,228		(978)		3,250

Amortization of prior service costs	25		(3)		22

Amortization of settlement	210		(27)		183
Other	(16)		—		(16)
Total defined benefit pension plans	16,862		(4,193)		12,669




Soybean meal option derivatives
Reclassified to earnings	(274)		70		(204)
Activity recognized in other comprehensive income (loss)	85		(22)		63
Total soybean meal derivatives	(189)		48		(141)
Heating oil swap derivatives
Activity recognized in other comprehensive income (loss)	1,199		(305)		894
Total heating oil derivatives	1,199		(305)		894
Corn option derivatives
Reclassified to earnings	17,005		(4,319)		12,686
Activity recognized in other comprehensive income (loss)	(14,541)		3,693		(10,848)
Total corn options	2,464		(626)		1,838
Foreign exchange derivatives
Reclassified to earnings	(2,333)		826		(1,507)
Activity recognized in other comprehensive income (loss)	(6,694)		2,368		(4,326)
Total foreign exchange derivatives	(9,027)		3,194		(5,833)

Foreign currency translation	(77,287)		3,068		(74,219)


Other comprehensive income/(loss)	$	(65,978)	$	1,186	$	(64,792)
Year Ended December 31, 2022
Defined Benefit Pension Plans
Actuarial gain/(loss) recognized	$	9,884	$	(2,645)	$	7,239
Amortization of actuarial gain/(loss)	2,235		(584)		1,651

Amortization of prior service costs	22		(5)		17

Amortization of settlement	(22)		5		(17)
Special termination benefits recognized	38		(10)		28
Other	48		—		48
Total defined benefit pension plans	12,205		(3,239)		8,966




Soybean meal option derivatives
Reclassified to earnings	(521)		132		(389)
Activity recognized in other comprehensive income (loss)	975		(247)		728
Total soybean meal derivatives	454		(115)		339
Heating oil swap derivatives
Activity recognized in other comprehensive income (loss)	(3,294)		836		(2,458)
Total heating oil derivatives	(3,294)		836		(2,458)
Corn option derivatives
Reclassified to earnings	15,408		(3,914)		11,494
Activity recognized in other comprehensive income (loss)	(10,653)		2,706		(7,947)
Total corn options	4,755		(1,208)		3,547
Foreign exchange derivatives
Reclassified to earnings	(14,549)		4,737		(9,812)
Activity recognized in other comprehensive income (loss)	32,644		(10,628)		22,016
Total foreign exchange derivatives	18,095		(5,891)		12,204
Foreign currency translation	(89,686)		1,830		(87,856)
Other comprehensive income/(loss)	$	(57,471)	$	(7,787)	$	(65,258)
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)

Other	12		—		12
Total defined benefit pension plans	3,347		(1,063)		2,284
Soybean meal option derivatives
Reclassified to earnings	(627)		159		(468)
Activity recognized in other comprehensive income (loss)	(3)		1		(2)
Total soybean meal derivatives	(630)		160		(470)
Heating oil swap derivatives

Activity recognized in other comprehensive income (loss)	45,268		(11,053)		34,215
Total heating oil derivatives	45,268		(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 options	90		(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 derivatives	3,975		(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 derivatives	5,679		(1,947)		3,732
Foreign currency translation	140,618		(967)		139,651
Other comprehensive income/(loss)	$	198,347	$	(15,858)	$	182,489

Reclassification out of Accumulated Other Comprehensive Income


	Fiscal Year Ended
	December 30, 2023		December 31, 2022		January 1, 2022		Statement of Operations Classification
Derivative instruments
Soybean meal option derivatives	$	627	$	521	$	274	Net sales
Foreign Exchange derivatives	34,491		14,549		2,333		Net sales

Corn option derivatives	1,537		(15,408)		(17,005)		Cost of sales and operating expenses
Interest rate swap derivatives	1,843		—		—		Foreign currency gain/(loss) and interest expense
	38,498		(338)		(14,398)		Total before tax
	(12,819)		(955)		3,423		Income taxes
	25,679		(1,293)		(10,975)		Net of tax
Defined benefit pension plans
Amortization of prior service cost	$	1	$	(22)	$	(25)	(a)
Amortization of actuarial loss	(1,725)		(2,235)		(4,228)		(a)

Amortization of settlement	58		22		(210)		(a)
Special termination benefits recognized	—		(38)		—		(a)
	(1,666)		(2,273)		(4,463)		Total before tax
	413		594		1,008		Income taxes
	(1,253)		(1,679)		(3,455)		Net of tax
Total reclassifications	$	24,426	$	(2,972)	$	(14,430)	Net of tax

(a)These items are included in the computation of net periodic pension cost. See Note 15 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 December 30, 2023 as follows (in thousands):


	Fiscal Year Ended December 30, 2023
	Foreign Currency		Derivative		Defined Benefit
	Translation		Instruments		Pension Plans		Total
Accumulated Other Comprehensive income/(loss) December 31, 2022, attributable to Darling, net of tax	$	(374,368)	$	7,176	$	(16,682)	$	(383,874)
Other comprehensive income before reclassifications	139,651		66,233		1,031		206,915
Amounts reclassified from accumulated other comprehensive income/(loss)	—		(25,679)		1,253		(24,426)

Net current-period other comprehensive income/(loss)	139,651		40,554		2,284		182,489
Noncontrolling interest	(3,039)		—		—		(3,039)
Accumulated Other Comprehensive income/(loss) December 30, 2023, attributable to Darling, net of tax	$	(231,678)	$	47,730	$	(14,398)	$	(198,346)

Employee Benefit Plans (Tables)

12 Months Ended

Dec. 30, 2023

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, 2023 and December 31, 2022) (in thousands):


	December 30, 2023		December 31, 2022
Change in projected benefit obligation:
Projected benefit obligation at beginning of period	$	167,546	$	225,808
Service cost	2,714		3,149
Interest cost	7,836		5,231
Employee contributions	340		353


Actuarial (gain)/loss	3,662		(52,490)
Benefits paid	(9,962)		(9,919)

Effect of settlement	(1,138)		(476)
Special termination benefit recognized	—		38
Other	1,356		(4,148)
Projected benefit obligation at end of period	172,354		167,546

Change in plan assets:
Fair value of plan assets at beginning of period	147,766		188,718
Actual return on plan assets	13,312		(33,841)
Employer contributions	4,254		5,570
Employee contributions	340		353

Benefits paid	(9,962)		(9,919)
Effect of settlement	(1,138)		(476)

Other	840		(2,639)
Fair value of plan assets at end of period	155,412		147,766

Funded status	(16,942)		(19,780)
Net amount recognized	$	(16,942)	$	(19,780)

Amounts recognized in the consolidated balance sheets consist of:
Noncurrent assets	$	4,928	$	3,910
Current liability	(1,149)		(1,152)
Noncurrent liability	(20,721)		(22,538)
Net amount recognized	$	(16,942)	$	(19,780)

Amounts recognized in accumulated other comprehensive loss consist of:
Net actuarial loss	$	19,432	$	22,176
Prior service cost	(501)		101
Net amount recognized (a)	$	18,931	$	22,277

(a) Amounts do not include deferred taxes of $4.5 million and $5.6 million at December 30, 2023 and December 31, 2022, 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):


	December 30, 2023		December 31, 2022
Projected benefit obligation	$	110,719	$	110,039
Accumulated benefit obligation	108,262		107,807
Fair value of plan assets	88,939		86,441

Schedule of Defined Benefit Plans Disclosures

Net pension cost includes the following components (in thousands):


	December 30, 2023		December 31, 2022		January 1, 2022
Service cost	$	2,714	$	3,149	$	3,127
Interest cost	7,836		5,231		4,816
Expected return on plan assets	(7,958)		(8,604)		(9,287)
Net amortization and deferral	1,724		2,257		4,253

Settlement	(58)		(22)		210
Special termination benefit recognized	—		38		—
Net pension cost	$	4,258	$	2,049	$	3,119

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:


	December 30, 2023	December 31, 2022	January 1, 2022
Discount rate	4.62%	4.82%	2.40%
Rate of compensation increase	0.61%	0.55%	0.50%

Weighted average assumptions used to determine net periodic benefit cost for the employee benefit pension plans were:


	December 30, 2023	December 31, 2022	January 1, 2022
Discount rate	4.26%	0.68%	1.32%
Rate of increase in future compensation levels	0.57%	0.51%	0.52%
Expected long-term rate of return on assets	5.72%	4.75%	5.40%

Schedule of Target Allocation of Plan Assets


Fixed Income			35% - 80%
Equities			20% - 65%

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):


	Total		Quoted 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 31, 2022
Fixed Income:
Long Term	$	23,028	$	23,028	$	—	$	—
Short Term	4,539		4,539		—		—
Equity Securities:
Domestic equities	33,369		33,369		—		—
International equities	23,465		23,465		—		—
Insurance contracts	16,713		—		14,970		1,743
Total categorized in fair value hierarchy	101,114		84,401		14,970		1,743
Other investments measured at NAV	46,652
Totals	$	147,766	$	84,401	$	14,970	$	1,743

Balances as of December 30, 2023
Fixed Income:
Long Term	$	91,921	$	91,921	$	—	$	—
Short Term	3,374		3,374		—		—
Equity Securities:
Domestic equities	22,429		22,429		—		—
International equities	19,011		19,011		—		—
Insurance contracts	18,677		—		16,659		2,018
Total categorized in fair value hierarchy	155,412		136,735		16,659		2,018
Other investments measured at NAV	—
Totals	$	155,412	$	136,735	$	16,659	$	2,018

Schedule of Expected Benefit Payments

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


Year Ending	Pension Benefits
2024	$	11,896
2025	11,312
2026	11,512
2027	13,274
2028	13,459
Years 2029 – 2033	64,076

Multiemployer plans

The following table provides more detail on these significant multiemployer plans (contributions in thousands):


											Expiration
Pension	EIN Pension	Pension Protection Act Zone Status		FIP/RP Status Pending/	Contributions						Date of Collective Bargaining
Fund	Plan Number	2023	2022	Implemented	2023		2022		2021		Agreement
Western Conference of Teamsters Pension Plan	91-6145047 / 001	Green	Green	No	$	1,443	$	1,516	$	1,294	January 2026 (b)
Central States, Southeast and Southwest Areas Pension Plan (a)	36-6044243 / 001	Green	Red	Yes	714		899		811		April 2026 (c)
All other multiemployer plans					1,476		1,035		1,107
		Total Company Contributions			$	3,633	$	3,450	$	3,212

(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 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 projected to now have zone status of 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. The agreements have expiration dates through January 1, 2026.

(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. Certain of these agreements have expired and are being negotiated with others having expiration dates through April 2, 2026.

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 January 1, 2022	$	2,982
Unrealized gains (losses) relating to instruments still held in the reporting period.	(1,055)
Purchases, sales, and settlements	—
Exchange rate changes	(184)
Balance as of December 31, 2022	1,743
Unrealized gains (losses) relating to instruments still held in the reporting period.	209
Purchases, sales, and settlements	—
Exchange rate changes	66
Balance as of December 30, 2023	$	2,018

Derivatives (Tables)

12 Months Ended

Dec. 30, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

(in thousands):


Functional Currency		Contract Currency
Type	Amount	Type	Amount
Brazilian real	170,788	Euro	31,272
Brazilian real	1,546,487	U.S. Dollar	292,015
Euro	48,435	U.S. Dollar	52,622
Euro	40,614	Polish zloty	176,500
Euro	11,177	Japanese yen	1,741,390
Euro	25,043	Chinese renminbi	195,270
Euro	18,373	Australian dollar	30,150
Euro	2,797	British pound	2,415

Polish zloty	35,023	Euro	8,066
Polish zloty	2,941	U.S. dollar	740
British pound	149	Euro	173
British pound	75	U.S. dollar	95
Japanese yen	145,199	U.S. dollar	994
U.S. dollar	1,050	Japanese yen	149,000
U.S. dollar	562,340	Euro	519,182
Australian dollar	162	Euro	100

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

The table below summarizes the effect of derivatives not designated as hedges on the Company’s consolidated statements of operations for the year ended December 30, 2023, December 31, 2022 and January 1, 2022 (in thousands):


		Loss or (Gain) Recognized in Income on Derivatives Not Designated as Hedges
		For The Year Ended
Derivatives not designated as hedging instruments	Location	December 30, 2023		December 31, 2022		January 1, 2022
Foreign exchange	Foreign currency loss/(gain)	$	(2,031)	$	42,690	$	21,698
Foreign exchange	Net sales	(1,789)		(1,108)		1,178
Foreign exchange	Cost of sales and operating expenses	(294)		(949)		(844)
Foreign exchange	Selling, general and administrative expense	(7,109)		(4,200)		3,405
Corn options and futures	Net sales	1,945		(2,092)		(3,564)
Corn options and futures	Cost of sales and operating expenses	(3,085)		5,447		5,669



Heating oil swaps and options	Selling, general and administrative expense	49		122		—
Soybean meal	Net sales	282		(1,730)		—

Total		$	(12,032)	$	38,180	$	27,542

- Definition

Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

+ References + Details

Fair Value Measurement (Tables)

12 Months Ended

Dec. 30, 2023

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 December 30, 2023 and December 31, 2022 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 December 30, 2023 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	$	29,000	$	—	$	29,000	$	—
Total Assets	29,000		—		29,000		—

Liabilities
Derivative liabilities	19,997		—		19,997		—
Contingent consideration	86,495		—		—		86,495
6% Senior Notes	1,000,000		—		1,000,000		—
5.25% Senior Notes	493,100		—		493,100		—
3.625% Senior Notes	560,994		—		560,994		—
Term loan A-1	398,000		—		398,000		—
Term loan A-2	478,844		—		478,844		—
Term loan A-3	298,500		—		298,500		—
Term loan A-4	488,172		—		488,172		—
Revolver	604,766		—		604,766		—
Total Liabilities	$	4,428,868	$	—	$	4,342,373	$	86,495


			Fair Value Measurements at December 31, 2022 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	$	20,324	$	—	$	20,324	$	—
Total Assets	20,324		—		20,324		—

Liabilities
Derivative liabilities	5,406		—		5,406		—
Contingent consideration	169,903		—		—		169,903
6% Senior Notes	977,200		—		977,200		—
5.25% Senior Notes	485,700		—		485,700		—
3.625% Senior Notes	533,155		—		533,155		—
Term loan A-1	398,000		—		398,000		—
Term loan A-2	488,813		—		488,813		—
Term Loan B	199,000		—		199,000		—
Revolver	133,003		—		133,003		—
Total Liabilities	$	3,390,180	$	—	$	3,220,277	$	169,903

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 January 1, 2022	$	—
Initial measurement	168,128
Total included in earnings during period	3,506
Exchange rate changes	(1,731)
Balance as of December 31, 2022	169,903
Out of period correction (1)	(85,144)
Total included in earnings during period	(5,835)
Exchange rate changes	7,571
Balance as of December 30, 2023	$	86,495

(1) As disclosed in Note 1 (16), the immaterial out-of-period correction made during the quarter ended July 1, 2023 resulted in a reduction of goodwill recorded associated with the FASA Acquisition of approximately $85.1 million.

Business Segments (Tables)

12 Months Ended

Dec. 30, 2023

Segment Reporting [Abstract]

Business Segment Profit/(Loss)

Business Segments (in thousands):


	Feed Ingredients		Food Ingredients		Fuel Ingredients		Corporate		Total
Fiscal Year Ended December 30, 2023
Net Sales	$	4,472,592	$	1,752,065	$	563,423	$	—	$	6,788,080
Cost of sales and operating expenses	3,385,859		1,310,581		446,620		—		5,143,060
Gross Margin	1,086,733		441,484		116,803		—		1,645,020

Loss/(gain) on sale of assets	814		(8,144)		(91)		—		(7,421)
Selling, general and administrative expenses	310,363		128,464		23,543		80,164		542,534
Restructuring and asset impairment charges	4,026		14,527		—		—		18,553
Depreciation and amortization	360,249		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 subsidiaries	5,011		—		—		—		5,011
Segment income/(loss)	424,183		211,646		425,265		(106,357)		954,737

Total other expense									(234,780)
Income before income taxes									$	719,957

Segment assets at December 30, 2023	$	4,702,593	$	2,646,702	$	2,589,145	$	1,122,644	$	11,061,084


	Feed Ingredients		Food Ingredients		Fuel Ingredients		Corporate		Total
Fiscal Year Ended December 31, 2022
Net Sales	$	4,539,000	$	1,459,630	$	533,574	$	—	$	6,532,204
Cost of sales and operating expenses	3,473,506		1,102,250		426,853		—		5,002,609
Gross Margin	1,065,494		357,380		106,721		—		1,529,595

Gain on sale of assets	(3,426)		(1,008)		(60)		—		(4,494)
Selling, general and administrative expenses	258,781		101,681		13,690		62,456		436,608
Restructuring and asset impairment charges	8,557		21,109		—		—		29,666
Depreciation and amortization	295,249		59,029		29,500		10,943		394,721
Acquisition and integration costs	—		—		—		16,372		16,372
Equity in net income of Diamond Green Diesel	—		—		372,346		—		372,346
Segment operating income/(loss)	506,333		176,569		435,937		(89,771)		1,029,068

Equity in net income of other unconsolidated subsidiaries	5,102		—		—		—		5,102
Segment income/(loss)	511,435		176,569		435,937		(89,771)		1,034,170

Total other expense									(140,452)
Income before income taxes									$	893,718

Segment assets at December 31, 2022	$	4,866,351	$	1,251,473	$	2,307,199	$	777,347	$	9,202,370


	Feed Ingredients		Food Ingredients		Fuel Ingredients		Corporate		Total
Fiscal Year Ended January 1, 2022
Net Sales	$	3,039,500	$	1,271,629	$	430,240	$	—	$	4,741,369
Cost of sales and operating expenses	2,206,248		979,232		313,905		—		3,499,385
Gross Margin	833,252		292,397		116,335		—		1,241,984

Gain on sale of assets	(550)		(88)		(320)		—		(958)
Selling, general and administrative expenses	220,078		97,555		16,999		56,906		391,538
Restructuring and asset impairment charges	—		—		778		—		778
Acquisition costs	—		—		—		1,396		1,396
Depreciation and amortization	218,942		60,929		25,436		11,080		316,387
Equity in net income of Diamond Green Diesel	—		—		351,627		—		351,627
Segment operating income/(loss)	394,782		134,001		425,069		(69,382)		884,470

Equity in net income of other unconsolidated subsidiaries	5,753		—		—		—		5,753
Segment income/(loss)	400,535		134,001		425,069		(69,382)		890,223

Total other expense									(68,827)
Income before income taxes									$	821,396

Business Segment Property, Plant and Equipment

Business Segment Property, Plant and Equipment (in thousands):


	December 30, 2023		December 31, 2022		January 1, 2022
Capital expenditures for the year ended:
Feed Ingredients	$	413,831	$	270,157	$	187,445
Food Ingredients	92,704		72,301		54,799
Fuel Ingredients	39,053		37,568		26,078
Corporate Activities	9,892		11,283		5,804
Total (a)	$	555,480	$	391,309	$	274,126

(a) Excludes capital assets acquired by acquisition in fiscal 2023 and fiscal 2022 of approximately $155.5 million and $588.8 million, respectively.

Geographic Area Net Trade Revenues

Long-lived assets related to the Company’s operations in North America, Europe, China, South American and other were as follows (in thousands):


	FY 2023		FY 2022
	Long-Lived Assets		Long-Lived Assets
North America	$	5,667,606	$	5,229,906
Europe	1,329,466		1,276,333
China	116,698		120,801
South America	2,072,840		920,827
Other	18,808		16,406
Total	$	9,205,418	$	7,564,273

Revenue (Tables)

12 Months Ended

Dec. 30, 2023

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 December 30, 2023, December 31, 2022 and January 1, 2022 (in thousands):


	Year Ended December 30, 2023
	Feed Ingredients		Food Ingredients		Fuel Ingredients		Total
Geographic Area
North America	$	3,696,423	$	469,289	$	—	$	4,165,712
Europe	373,180		754,846		563,423		1,691,449
China	27,433		281,139		—		308,572
South America	362,657		171,425		—		534,082
Other	12,899		75,366		—		88,265
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 oil	497,657		—		—		497,657
Proteins	1,672,027		—		—		1,672,027
Bakery	255,214		—		—		255,214
Other rendering	243,525		—		—		243,525
Food ingredients	—		1,476,875		—		1,476,875
Bioenergy	—		—		563,423		563,423

Other	64,820		110,460		—		175,280
Net sales	$	4,472,592	$	1,752,065	$	563,423	$	6,788,080


	Year Ended December 31, 2022
	Feed Ingredients		Food Ingredients		Fuel Ingredients		Total
Geographic Area
North America	$	3,852,559	$	369,499	$	—	$	4,222,058
Europe	502,432		733,967		533,574		1,769,973
China	25,100		259,584		—		284,684
South America	146,682		40,661		—		187,343
Other	12,227		55,919		—		68,146
Net sales	$	4,539,000	$	1,459,630	$	533,574	$	6,532,204

Major product types
Fats	$	1,951,183	$	205,674	$	—	$	2,156,857
Used cooking oil	519,119		—		—		519,119
Proteins	1,476,553		—		—		1,476,553
Bakery	333,442		—		—		333,442
Other rendering	200,945		—		—		200,945
Food ingredients	—		1,121,995		—		1,121,995
Bioenergy	—		—		533,574		533,574
Biofuels	—		—		—		—
Other	57,758		131,961		—		189,719
Net sales	$	4,539,000	$	1,459,630	$	533,574	$	6,532,204


	Year Ended January 1, 2022
	Feed Ingredients		Food Ingredients		Fuel Ingredients		Total
Geographic Area
North America	$	2,577,705	$	286,852	$	3,377	$	2,867,934
Europe	430,549		663,619		426,863		1,521,031
China	19,446		233,766		—		253,212
South America	—		31,446		—		31,446
Other	11,800		55,946		—		67,746
Net sales	$	3,039,500	$	1,271,629	$	430,240	$	4,741,369

Major product types
Fats	$	1,198,122	$	182,674	$	—	$	1,380,796
Used cooking oil	319,145		—		—		319,145
Proteins	1,022,694		—		—		1,022,694
Bakery	287,424		—		—		287,424
Other rendering	173,405		—		—		173,405
Food ingredients	—		961,617		—		961,617
Bioenergy	—		—		426,863		426,863
Biofuels	—		—		3,377		3,377
Other	38,710		127,338		—		166,048
Net sales	$	3,039,500	$	1,271,629	$	430,240	$	4,741,369

Cash Flow Information (Tables)

12 Months Ended

Dec. 30, 2023

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
	December 30, 2023		December 31, 2022		January 1, 2022
Supplemental disclosure of cash flow information:
Change in accrued capital expenditures	$	2,222	$	9,558	$	6,585
Cash paid during the year for:
Interest, net of capitalized interest	$	261,321	$	113,362	$	58,449
Income taxes, net of refunds	$	152,670	$	113,013	$	46,399
Non-cash operating activities
Operating lease right of use asset obtained in exchange for new lease liabilities	$	79,462	$	70,269	$	56,642
Non-cash financing activities
Debt issued for assets	$	3,827	$	6,103	$	126

General (Details) $ / shares in Units, $ in Thousands, R$ in Millions	3 Months Ended	12 Months Ended
	Jul. 01, 2023 USD ($)	Dec. 30, 2023 USD ($) segment continent Facility $ / shares shares	Dec. 31, 2022 USD ($) $ / shares shares	Jan. 01, 2022 USD ($) $ / shares shares	Jul. 01, 2023 BRL (R$)	Aug. 01, 2022 USD ($)	Aug. 01, 2022 BRL (R$)	Jun. 09, 2022	Jan. 02, 2021 USD ($)	Apr. 03, 2019	May 02, 2018
General [Line Items]
Financing Receivable, Sale		$ 532,600	$ 582,000	$ 443,600
Expected Business Combination, Number of Continents in which Entity Operates \| continent		5
Number of Operating Segments \| segment		3
Cash and Cash Equivalents [Abstract]
Investments Classified As Cash Equivalents, Original Maturity		3 months
Goodwill [Abstract]
Goodwill		$ 2,484,502	1,970,377	1,219,116
Basic:
Net income		$ 647,726	$ 737,690	$ 650,914
Shares (in shares) \| shares		159,861,000	161,000,000	162,454,000
Basic (in dollars per share) \| $ / shares		$ 4.05	$ 4.58	$ 4.01
Effect of dilutive securities: [Abstract]
Add: Option shares in the money and dilutive effect of nonvested stock (in shares) \| shares		3,314,000	3,831,000	5,468,000
Less: Pro-forma treasury shares (in shares) \| shares		(788,000)	(710,000)	(826,000)
Diluted:
Net Income		$ 647,726	$ 737,690	$ 650,914
Shares (in shares) \| shares		162,387,000	164,121,000	167,096,000
Diluted (in dollars per share) \| $ / shares		$ 3.99	$ 4.49	$ 3.90
Stock Based Compensation [Abstract]
Stock-based compensation expense		$ 33,200	$ 25,000	$ 21,800
Employee service share-based compensation, tax benefit from compensation expense		2,600	1,700	1,800
Foreign currency translation		142,700	(84,800)	(78,700)
Financing Receivable, Significant Sales, Transaction Fees		$ 7,500	4,000	1,100
Lease, Term of Contract Not Recognized		12 months
Asset impairment		$ 4,734	29,666	138
Cash and cash equivalents		126,502	127,016
Restricted cash		292	315
Restricted Cash and Cash Equivalents, Noncurrent		137,656	22,837
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents		264,450	150,168	69,072					$ 81,720
FASA Group
Goodwill [Abstract]
Goodwill						$ 301,937
Stock Based Compensation [Abstract]
Business Combination, Contingent Consideration, Liability	$ 83,000				R$ 428.2	168,100	R$ 867.5
FASA Group \| Revision of Prior Period, Error Correction, Adjustment
Stock Based Compensation [Abstract]
Business Combination, Contingent Consideration, Liability						$ 85,100
Goodwill, Period Increase (Decrease)	$ 85,144
Food Ingredients [Member]
Goodwill [Abstract]
Goodwill		897,537	317,637	332,405
Stock Based Compensation [Abstract]
Asset impairment		1,800	18,400
Feed Ingredients [Member]
Goodwill [Abstract]
Goodwill		1,471,322	1,540,941	798,949
Stock Based Compensation [Abstract]
Asset impairment		2,900	8,600
Fuel Ingredients [Member]
Goodwill [Abstract]
Goodwill		$ 115,643	$ 111,799	87,762
Stock Based Compensation [Abstract]
Asset impairment				$ 100
Stock Options [Member]
Antidilutive Securities [Abstract]
Antidilutive securities excluded from computation of earnings per share, amount \| shares		0	0	0
Non Vested Stock [Member]
Antidilutive Securities [Abstract]
Antidilutive securities excluded from computation of earnings per share, amount \| shares		311,919	266,246	195,542
Minimum [Member]
General [Line Items]
Number of Processing and Transfer Facilities \| Facility		260
Minimum [Member] \| Buildings and improvements [Member]
Long Lived Assets [Abstract]
Property, Plant and Equipment, Useful Life		15 years
Minimum [Member] \| Machinery and equipment [Member]
Long Lived Assets [Abstract]
Property, Plant and Equipment, Useful Life		3 years
Minimum [Member] \| Vehicles [Member]
Long Lived Assets [Abstract]
Property, Plant and Equipment, Useful Life		3 years
Minimum [Member] \| Aircraft [Member]
Long Lived Assets [Abstract]
Property, Plant and Equipment, Useful Life		7 years
Minimum [Member] \| Routes [Member]
Long Lived Assets [Abstract]
Finite-Lived Intangible Assets, Useful Life		5 years
Minimum [Member] \| Permits [Member]
Long Lived Assets [Abstract]
Finite-Lived Intangible Assets, Useful Life		10 years
Minimum [Member] \| Non-compete agreements [Member]
Long Lived Assets [Abstract]
Finite-Lived Intangible Assets, Useful Life		3 years
Minimum [Member] \| Trade Names [Member]
Long Lived Assets [Abstract]
Finite-Lived Intangible Assets, Useful Life		4 years
Minimum [Member] \| Customer Relationships
Long Lived Assets [Abstract]
Finite-Lived Intangible Assets, Useful Life		10 years
Maximum [Member] \| Buildings and improvements [Member]
Long Lived Assets [Abstract]
Property, Plant and Equipment, Useful Life		30 years
Maximum [Member] \| Machinery and equipment [Member]
Long Lived Assets [Abstract]
Property, Plant and Equipment, Useful Life		10 years
Maximum [Member] \| Vehicles [Member]
Long Lived Assets [Abstract]
Property, Plant and Equipment, Useful Life		8 years
Maximum [Member] \| Aircraft [Member]
Long Lived Assets [Abstract]
Property, Plant and Equipment, Useful Life		10 years
Maximum [Member] \| Routes [Member]
Long Lived Assets [Abstract]
Finite-Lived Intangible Assets, Useful Life		21 years
Maximum [Member] \| Permits [Member]
Long Lived Assets [Abstract]
Finite-Lived Intangible Assets, Useful Life		20 years
Maximum [Member] \| Non-compete agreements [Member]
Long Lived Assets [Abstract]
Finite-Lived Intangible Assets, Useful Life		7 years
Maximum [Member] \| Trade Names [Member]
Long Lived Assets [Abstract]
Finite-Lived Intangible Assets, Useful Life		15 years
Maximum [Member] \| Customer Relationships
Long Lived Assets [Abstract]
Finite-Lived Intangible Assets, Useful Life		20 years
Senior Notes 5.25% Due 2027 [Member] \| Senior Notes [Member]
General [Line Items]
Annual interest rate		5.25%								5.25%
Senior Notes 3.625% Due 2026 [Member] \| Senior Notes [Member]
General [Line Items]
Annual interest rate		3.625%									3.625%
Senior Notes 6% Due 2030 \| Senior Notes [Member]
General [Line Items]
Annual interest rate		6.00%						6.00%

Investment in Unconsolidated Subsidiary Selected Financial Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022	Dec. 31, 2023	Dec. 31, 2021	Jan. 02, 2021
Assets:
Total current assets	$ 1,855,666	$ 1,638,097
Property, plant and equipment, net	2,935,185	2,462,082
Other assets	234,960	136,268
Total assets	11,061,084	9,202,370
LIABILITIES AND STOCKHOLDERS’ EQUITY
Less Current Maturities	60,703	69,846
Other noncurrent liabilities	349,809	298,933
Total members' equity	4,693,691	3,896,490	$ 3,347,785			$ 2,954,209
Total liabilities and member's equity	11,061,084	9,202,370
Revenues:
Operating revenues	6,788,080	6,532,204	4,741,369
Expenses:
Cost of sales and operating expenses	5,143,060	5,002,609	3,499,385
Operating income	6,204,734	5,875,482	4,208,526
Income before income taxes	719,957	893,718	821,396
Income tax expense	59,568	146,626	164,106
Net income	660,389	747,092	657,290
Equity Method Investment, Nonconsolidated Investee or Group of Investees [Member]
Assets:
Total current assets				$ 1,877,430	$ 1,304,805
Property, plant and equipment, net				3,838,800	3,866,854
Other assets				89,697	61,665
Total assets				5,805,927	5,233,324
LIABILITIES AND STOCKHOLDERS’ EQUITY
Less Current Maturities				278,639	217,066
Total other current liabilities				417,918	515,023
Total long term debt				737,097	774,783
Other noncurrent liabilities				16,996	17,249
Total members' equity				4,355,277	3,709,203
Total liabilities and member's equity				$ 5,805,927	$ 5,233,324
Revenues:
Operating revenues	6,990,622	5,501,166	2,342,332
Expenses:
Cost of sales and operating expenses	5,925,778	4,614,192	1,575,494
Lower of cost or market (LCM) inventory valuation adjustment	60,871	0	0
Depreciation, amortization and accretion expense	230,921	125,656	58,326
Operating income	773,052	761,318	708,512
Other income	10,317	3,170	678
Interest and debt expense, net	(49,857)	(19,796)	(5,936)
Income before income taxes	733,512	744,692	703,254
Income tax expense	752	0	0
Net income	$ 732,760	$ 744,692	$ 703,254

Investment in Unconsolidated Subsidiary (Details) $ in Thousands	12 Months Ended
	Dec. 30, 2023 USD ($) $ / gal	Dec. 31, 2022 USD ($)	Jan. 01, 2022 USD ($)	Jan. 21, 2011
Schedule of Equity Method Investments [Line Items]
Investment in the joint venture	$ 2,251,629	$ 1,926,395
Gain from equity method investments	$ 5,011	5,102	$ 5,753
Dollars per Gallon \| $ / gal	1.00
Renewable Diesel, Percentage	0.10%
Proceeds from Equity Method Investment, Dividends or Distributions, Return of Capital	$ 168,277	95,546	4,611
Payments to Acquire Equity Method Investments	75,000	264,750	189,000
Diamond Green Diesel Holdings LLC Joint Venture [Member] \| Unsecured Debt
Schedule of Equity Method Investments [Line Items]
Long-term Line of Credit	250,000
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	2,200,000
Gain from equity method investments	366,400	372,300	351,600
Income Tax Credits and Adjustments	1,200,000	761,100	371,200
Proceeds from Equity Method Investment, Dividends or Distributions, Return of Capital	$ 163,600	$ 90,500	$ 0
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%

Acquisitions Narrative (Details) $ in Thousands, € in Millions									3 Months Ended			12 Months Ended
	Jan. 31, 2024 USD ($)	Jan. 31, 2024 EUR (€)	Mar. 31, 2023 USD ($) agreement	Mar. 31, 2023 BRL (R$)	Aug. 01, 2022 USD ($) numberOfPlants	Aug. 01, 2022 BRL (R$)	May 02, 2022 USD ($) numberOfPlants	Feb. 25, 2022 USD ($)	Dec. 30, 2023 USD ($)	Sep. 30, 2023 USD ($)	Jul. 01, 2023 USD ($)	Dec. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)	Jan. 01, 2022 USD ($)	Jul. 01, 2023 BRL (R$)	Aug. 01, 2022 BRL (R$) numberOfPlants
Business Acquisition [Line Items]
Goodwill, Purchase Accounting Adjustments												$ (95,820)
Goodwill									$ 2,484,502			2,484,502	$ 1,970,377	$ 1,219,116
Net sales												6,788,080	6,532,204	4,741,369
Net income												647,726	737,690	650,914
Business Combination, Acquisition Related Costs												13,900	16,400
Senior Secured Facilities [Member] \| Term A-3 Facility
Business Acquisition [Line Items]
Long-term Line of Credit			$ 300,000
Senior Secured Facilities [Member] \| Term A-4 Facility
Business Acquisition [Line Items]
Long-term Line of Credit			500,000
Senior Secured Facilities [Member] \| Revolving Credit Facility [Member]
Business Acquisition [Line Items]
Long-term Line of Credit									515,000			515,000
Senior Secured Facilities [Member] \| Term A-1 Facility
Business Acquisition [Line Items]
Long-term Line of Credit									400,000			400,000
Senior Secured Facilities [Member] \| Term A-2 Facility
Business Acquisition [Line Items]
Long-term Line of Credit									500,000			500,000
gelnex
Business Acquisition [Line Items]
Business Combination, Price of Acquisition, Expected			1,200,000
Payments to Acquire Businesses, Gross			1,100,000
Business Combination, Consideration Transferred			$ 855,100	R$ 4,300,000,000
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									27,700
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Intangibles									65,000
Goodwill, Purchase Accounting Adjustments									88,600
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Deferred Tax Liabilities									3,700
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Other Assets (Liabilities)									400
Goodwill			551,719
Business Acquisition, Goodwill, Expected Tax Deductible Amount			$ 435,700
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life			11 years 3 months 18 days	11 years 3 months 18 days
Net sales												267,100
Net income												(26,200)
Business Combination, Acquisition Related Costs												6,700
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment			$ 155,493
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other			(19)
gelnex \| Customer Relationships
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles			$ 341,000
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 Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles			$ 8,000
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life			5 years	5 years
FASA Group
Business Acquisition [Line Items]
Business Combination, Number of Facilities Acquired \| numberOfPlants					14											14
Payments to Acquire Businesses, Gross					$ 562,600	R$ 2,900,000,000
Foreign Currency Exchange Rate					5.16											5.16
Business Combination, Consideration Transferred, Liabilities Incurred					$ 21,705
Business Combination, Purchase Price Adjustments									$ 7,100
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Property, Plant, and Equipment											$ 81,500
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Intangibles											(41,700)
Goodwill, Purchase Accounting Adjustments											(21,500)
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Deferred Tax Liabilities											16,000
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Other Assets (Liabilities)											2,300
Goodwill					301,937
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles					$ 108,600
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life					11 years 4 months 24 days	11 years 4 months 24 days
Net sales												362,700
Net income												3,500
Business Combination, Number of Facilities Acquired Under Construction \| numberOfPlants					2											2
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, Low \| R$																R$ 0
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High \| R$																1,000,000,000
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Future Earnings Growth Period					3 years	3 years
Business Combination, Contingent Consideration, Liability					$ 168,100						83,000				R$ 428,200,000	R$ 867,500,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment					224,384
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other					(503)
FASA Group \| Revision of Prior Period, Error Correction, Adjustment
Business Acquisition [Line Items]
Business Combination, Contingent Consideration, Liability					85,100
Goodwill, Period Increase (Decrease)											85,144
FASA Group \| Trade Names [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles					$ 10,900
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life					5 years	5 years
FASA Group \| Routes [Member]
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life					12 years	12 years
Valley Proteins
Business Acquisition [Line Items]
Business Combination, Number of Facilities Acquired \| numberOfPlants							18
Payments to Acquire Businesses, Gross							$ 1,177,000
Business Combination, Purchase Price Adjustments										$ 6,000
Goodwill							$ 358,298
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life							15 years
Net sales												780,900
Net income												9,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment							$ 409,405
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other							(19,436)
Valley Proteins \| Routes [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles							$ 292,100
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life							15 years
Valley Proteins \| Permits [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles							$ 97,100
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life							15 years
Group Op de Beeck
Business Acquisition [Line Items]
Business Combination, Consideration Transferred								$ 71,300				75,500
Business Combination, Purchase Price Adjustments											$ 4,200
Goodwill								29,600
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles								$ 27,200
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life								15 years
Business Combination, Price of Acquisition								$ 91,700
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment								28,100
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other								$ (9,400)
Miropasz \| Subsequent Event [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Gross	$ 119,000	€ 110
South America
Business Acquisition [Line Items]
Net sales												$ 534,082	$ 187,343	$ 31,446
South America \| gelnex
Business Acquisition [Line Items]
Business Combination, Number of Facilities Acquired \| agreement			5
UNITED STATES \| gelnex
Business Acquisition [Line Items]
Business Combination, Number of Facilities Acquired \| agreement			1

Acquisitions Fair Value of Acquired Assets and Liabilities (Details) $ in Thousands, R$ in Millions			12 Months Ended
	Mar. 31, 2023 USD ($)	Aug. 01, 2022 USD ($)	Dec. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)	Jan. 01, 2022 USD ($)	Jul. 01, 2023 USD ($)	Jul. 01, 2023 BRL (R$)	Aug. 01, 2022 BRL (R$)	May 02, 2022 USD ($)
Business Acquisition [Line Items]
Goodwill			$ 2,484,502	$ 1,970,377	$ 1,219,116
Payments to Acquire Businesses, Net of Cash Acquired			1,093,183	1,772,437	$ 2,059
Business Combination, Contingent Consideration, Liability, Noncurrent			$ 86,495	$ 169,903
gelnex
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Accounts Receivable	$ 81,025
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Inventory	140,865
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Other	3,143
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	155,493
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	349,000
Goodwill	551,719
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Operating Lease Right-of-Use-Asset	134
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets	2,703
Business Combination Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Assets	993
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Accounts Payable	(15,059)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Long-Term Debt	(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	(18,719)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-Term Debt	(1,407)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Operating Lease Liability, Noncurrent	(123)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities	(7,803)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other	(19)
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	1,197,227
Business Combination, Consideration Transferred, Liabilities Incurred	104,145
Payments to Acquire Businesses, Net of Cash Acquired	$ 1,093,082
Foreign Currency Exchange Rate	5.08
FASA Group
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Accounts Receivable		$ 76,640
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Inventory		43,058
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Other		33,327
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment		224,384
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill		119,477
Goodwill		301,937
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets		62,388
Business Combination Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Assets		2,315
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Accounts Payable		(15,920)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Long-Term Debt		(18,680)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-Term Debt		(41,926)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities		(95,653)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other		(503)
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net		630,432
Business Combination, Consideration Transferred, Liabilities Incurred		21,705
Payments to Acquire Businesses, Net of Cash Acquired		$ 525,743
Foreign Currency Exchange Rate		5.16						5.16
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Operating Lease Righ- of-Use Assets		$ 583
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Accrued Liabilities		(38,708)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Operating Lease liabilities, Noncurrent		(583)
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Less Noncontrolling Interest		(21,704)
Business Combination, Contingent Consideration, Liability, Noncurrent		82,984
Business Combination, Contingent Consideration, Liability		168,100				$ 83,000	R$ 428.2	R$ 867.5
FASA Group \| Revision of Prior Period, Error Correction, Adjustment
Business Acquisition [Line Items]
Business Combination, Contingent Consideration, Liability		$ 85,100
Valley Proteins
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Accounts Receivable									$ 68,558
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Inventory									58,246
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Other									13,825
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment									409,405
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill									389,200
Goodwill									358,298
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets									14,164
Business Combination Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Assets									1,075
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Accounts Payable									(47,615)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Long-Term Debt									(2,043)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-Term Debt									(5,995)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other									(19,436)
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net									1,171,648
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Operating Lease Righ- of-Use Assets									16,380
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Accrued Liabilities									(66,034)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Operating Lease liabilities, Noncurrent									(11,601)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Operating Lease Liability, Current									$ (4,779)

Acquisitions Pro Forma (Details) - Valley Proteins, FASA Group and Gelnex - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022
Business Acquisition [Line Items]
Business Acquisition, Pro Forma Revenue	$ 6,886,347	$ 7,469,216	$ 6,097,742
Business Acquisition, Pro Forma Net Income (Loss)	$ 663,284	$ 739,966	$ 621,320

Inventories (Details) - USD ($) $ in Thousands	Dec. 30, 2023	Dec. 31, 2022
Inventory Disclosure [Abstract]
Finished product	$ 448,245	$ 384,289
Work in process	110,299	100,790
Inventory, Raw Materials, Net of Reserves	68,188	69,164
Supplies and other	132,007	119,378
Inventories	$ 758,739	$ 673,621

Property, Plant and Equipment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 5,295,527	$ 4,517,010
Accumulated depreciation	(2,360,342)	(2,054,928)
Property, plant and equipment, net	2,935,185	2,462,082
Depreciation	377,200	306,000	$ 249,000
Land [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	217,113	201,572
Buildings and improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	1,033,243	873,080
Machinery and equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	3,021,329	2,683,991
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	520,897	433,183
Aircraft [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	15,609	15,004
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 487,336	$ 310,180

Intangbile assets (Details) - USD ($) $ in Thousands	Dec. 30, 2023	Dec. 31, 2022
Intangible Assets [Line Items]
Indefinite Lived Intangible Assets	$ 52,507	$ 51,639
Finite Lived Intangible Assets:	1,772,031	1,436,584
Accumulated Amortization:	(748,646)	(623,101)
Total Intangible assets, less accumulated amortization	1,075,892	865,122
Trade Names [Member]
Intangible Assets [Line Items]
Indefinite Lived Intangible Assets	52,507	51,639
Routes [Member]
Intangible Assets [Line Items]
Finite Lived Intangible Assets:	746,868	776,909
Accumulated Amortization:	(241,960)	(192,170)
Permits [Member]
Intangible Assets [Line Items]
Finite Lived Intangible Assets:	559,483	557,083
Accumulated Amortization:	(407,713)	(368,005)
Non-compete agreements [Member]
Intangible Assets [Line Items]
Finite Lived Intangible Assets:	395	695
Accumulated Amortization:	(345)	(563)
Trade Names [Member]
Intangible Assets [Line Items]
Finite Lived Intangible Assets:	85,561	76,549
Accumulated Amortization:	(63,660)	(53,486)
Royalty, consulting land use and leasehold [Member]
Intangible Assets [Line Items]
Finite Lived Intangible Assets:	20,613	20,971
Accumulated Amortization:	(5,698)	(4,939)
Customer Relationships
Intangible Assets [Line Items]
Finite Lived Intangible Assets:	359,111	4,377
Accumulated Amortization:	$ (29,270)	$ (3,938)

Intangbile assets Textuals (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Period Increase (Decrease)	$ 308.8
Amortization of Intangible Assets	124.8	$ 88.7	$ 67.4
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months	124.1
Finite-Lived Intangible Assets, Amortization Expense, Year Two	116.4
Finite-Lived Intangible Assets, Amortization Expense, Year Three	106.6
Finite-Lived Intangible Assets, Amortization Expense, Year Four	103.7
Finite-Lived Intangible Assets, Amortization Expense, Year Five	$ 100.5

Goodwill (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
Goodwill (Details) - USD ($) $ in Thousands	Jul. 01, 2023	Dec. 30, 2023	Dec. 31, 2022
Goodwill [Roll Forward]
Goodwill at beginning of year		$ 2,021,041	$ 1,267,071
Accumulated impairment losses		(50,664)	(47,955)
Goodwill at beginning of year		1,970,377	1,219,116
Goodwill acquired during year		629,449	798,136
Goodwill, Impairment Loss			(2,709)
Foreign currency translation		65,640	(44,166)
Goodwill at end of year		2,535,166	2,021,041
Accumulated impairment losses at end of year		(50,664)	(50,664)
Goodwill at end of year		2,484,502	1,970,377
Goodwill, Purchase Accounting Adjustments		(95,820)
Goodwill, Out of Period Correction		(85,144)
FASA Group
Goodwill [Roll Forward]
Goodwill, Purchase Accounting Adjustments	$ (21,500)
Revision of Prior Period, Error Correction, Adjustment \| FASA Group
Goodwill [Roll Forward]
Goodwill, Period Increase (Decrease)	$ 85,144
Feed Ingredients [Member]
Goodwill [Roll Forward]
Goodwill at beginning of year		1,556,855	814,863
Accumulated impairment losses		(15,914)	(15,914)
Goodwill at beginning of year		1,540,941	798,949
Goodwill acquired during year		3,247	767,382
Goodwill, Impairment Loss			0
Foreign currency translation		33,548	(25,390)
Goodwill at end of year		1,487,236	1,556,855
Accumulated impairment losses at end of year		(15,914)	(15,914)
Goodwill at end of year		1,471,322	1,540,941
Goodwill, Purchase Accounting Adjustments		(21,270)
Goodwill, Out of Period Correction		(85,144)
Food Ingredients [Member]
Goodwill [Roll Forward]
Goodwill at beginning of year		320,807	332,866
Accumulated impairment losses		(3,170)	(461)
Goodwill at beginning of year		317,637	332,405
Goodwill acquired during year		626,202	399
Goodwill, Impairment Loss			(2,709)
Foreign currency translation		28,182	(12,458)
Goodwill at end of year		900,707	320,807
Accumulated impairment losses at end of year		(3,170)	(3,170)
Goodwill at end of year		897,537	317,637
Goodwill, Purchase Accounting Adjustments		(74,484)
Goodwill, Out of Period Correction		0
Fuel Ingredients [Member]
Goodwill [Roll Forward]
Goodwill at beginning of year		143,379	119,342
Accumulated impairment losses		(31,580)	(31,580)
Goodwill at beginning of year		111,799	87,762
Goodwill acquired during year		0	30,355
Goodwill, Impairment Loss			0
Foreign currency translation		3,910	(6,318)
Goodwill at end of year		147,223	143,379
Accumulated impairment losses at end of year		(31,580)	(31,580)
Goodwill at end of year		115,643	$ 111,799
Goodwill, Purchase Accounting Adjustments		(66)
Goodwill, Out of Period Correction		$ 0

Accrued Expenses (Details) - USD ($) $ in Thousands	Dec. 30, 2023	Dec. 31, 2022
ACCRUED EXPENSES [Abstract]
Compensation and benefits	$ 156,357	$ 145,048
Accrued operating expenses	86,278	97,128
Other accrued expense	198,364	189,847
Accrued expenses	$ 440,999	$ 432,023

- Components of Lease Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022
Leases [Abstract]
Operating lease cost	$ 56,078	$ 49,377	$ 48,049
Short-term Lease, Cost	36,762	31,133	25,141
Total lease costs	$ 92,840	$ 80,510	$ 73,190

- Other Information (Details) - USD ($) $ in Thousands	12 Months Ended
- Other Information (Details) - USD ($) $ in Thousands	Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022
Leases [Abstract]
Operating cash flows from operating leases	$ 58,924	$ 53,359	$ 50,258
Operating right-of-use assets, net	205,539	186,141
Operating lease liability, current	55,325	49,232
Operating lease liability, non-current	154,903	141,703
Lease obligations included in current and long-term liabilities	$ 210,228	$ 190,935
Weighted average remaining lease term - operating leases	6 years 3 months	6 years 4 months 2 days
Weighted average discount rate - operating leases	4.59%	3.89%
Business Combination, Contingent Consideration, Liability, Noncurrent	$ 86,495	$ 169,903

- Maturities of Operating and Financing Lease Liabilities (Details) $ in Thousands, € in Millions	Dec. 30, 2023 USD ($)	Dec. 30, 2023 EUR (€)	Dec. 31, 2022 USD ($)
Operating Leases
2024	$ 63,199
2025	54,302
2026	37,342
2027	29,267
2028	17,831
Thereafter	40,192
Operating lease, obligations	242,133
Less amounts representing interest	(31,905)
Lease obligations included in current and long-term liabilities	210,228		$ 190,935
Finance Leases
2024	4,349
2025	4,176
2026	2,732
2027	2,250
2028	1,759
Thereafter	706
Finance lease, obligations	15,972
Less amounts representing interest	(1,099)
Lease obligations included in current and long-term liabilities	$ 14,873	€ 7.0
Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Long-term debt, net of current portion	Long-term debt, net of current portion

Debt Schedule of Long Term Debt (Details) $ in Thousands, € in Millions	Dec. 30, 2023 USD ($)	Dec. 30, 2023 EUR (€)	Mar. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Jun. 09, 2022	Apr. 03, 2019	May 02, 2018	Jun. 03, 2015	Jan. 02, 2014
Debt Instrument [Line Items]
Debt and capital lease obligations	$ 4,427,073			$ 3,384,815
Less Current Maturities	60,703			69,846
Long-term debt, net of current portion	4,366,370			3,314,969
Senior Secured Facilities [Member] \| Foreign Line of Credit [Member]
Debt Instrument [Line Items]
Long-term Line of Credit	12,100
Revolving Credit Facility [Member] \| Senior Secured Facilities [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Long-term Debt	610,875			135,028
Revolving Credit Facility [Member] \| Senior Secured Facilities [Member] \| Revolving Credit Facility [Member] \| Euro Member Countries, Euro
Debt Instrument [Line Items]
Long-term Line of Credit	82,900	€ 75.0		32,000
Term Loan B Facility [Member] \| Senior Secured Facilities [Member]
Debt Instrument [Line Items]
Long-term Debt	0			198,698
Long-term Debt, Gross	0			200,000
Unamortized Debt Issuance Expense	$ 0			(1,302)
Senior Notes [Member] \| Senior Notes 5.25% Due 2027 [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Effective Percentage	5.47%	5.47%
Long-term Debt	$ 496,751			495,873
Long-term Debt, Gross	500,000			500,000
Unamortized Debt Issuance Expense	$ (3,249)			(4,127)
Annual interest rate	5.25%	5.25%				5.25%
Senior Notes [Member] \| Senior Notes 5.375% Due 2022 [Member]
Debt Instrument [Line Items]
Annual interest rate									5.375%
Senior Notes [Member] \| Senior Notes 4.75% Due 2022 [Member]
Debt Instrument [Line Items]
Annual interest rate								4.75%
Senior Notes [Member] \| Senior Notes 3.625% Due 2026 [Member]
Debt Instrument [Line Items]
Long-term Line of Credit \| €		€ 515.0
Debt Instrument, Interest Rate, Effective Percentage	3.83%	3.83%
Long-term Debt	$ 566,312			546,086
Long-term Debt, Gross	569,075			549,814
Unamortized Debt Issuance Expense	$ (2,763)			(3,728)
Annual interest rate	3.625%	3.625%					3.625%
Senior Notes [Member] \| Senior Notes 6% Due 2030
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Effective Percentage	6.12%	6.12%
Long-term Debt	$ 993,559			992,772
Long-term Debt, Gross	$ 1,000,000			1,000,000
Annual interest rate	6.00%	6.00%			6.00%
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net	$ (6,441)			(7,228)
Other Notes and Obligations [Member]
Debt Instrument [Line Items]
Long-term Debt	90,852			124,364
Other Notes and Obligations [Member] \| Foreign Line of Credit [Member]
Debt Instrument [Line Items]
Long-term Line of Credit	900
Other Notes and Obligations [Member] \| Other Debt Obligations [Member]
Debt Instrument [Line Items]
Long-term Debt	33,300
Term A-1 Facility \| Senior Secured Facilities [Member]
Debt Instrument [Line Items]
Long-term Line of Credit	400,000
Long-term Debt	399,454			399,278
Long-term Debt, Gross	400,000			400,000
Unamortized Debt Issuance Expense	(546)			(722)
Term A-2 Facility \| Senior Secured Facilities [Member]
Debt Instrument [Line Items]
Long-term Line of Credit	500,000
Long-term Debt	480,479			492,716
Long-term Debt, Gross	481,250			493,750
Unamortized Debt Issuance Expense	(771)			(1,034)
Term A-3 Facility \| Senior Secured Facilities [Member]
Debt Instrument [Line Items]
Long-term Line of Credit			$ 300,000
Long-term Debt	299,168			0
Long-term Debt, Gross	300,000			0
Unamortized Debt Issuance Expense	(832)			0
Term A-4 Facility \| Senior Secured Facilities [Member]
Debt Instrument [Line Items]
Long-term Line of Credit			$ 500,000
Long-term Debt	489,623			0
Long-term Debt, Gross	490,625			0
Unamortized Debt Issuance Expense	$ (1,002)			$ 0

Debt Narrative (Details)		12 Months Ended
Debt Narrative (Details)	Aug. 17, 2022 USD ($)	Dec. 30, 2023 USD ($)	Dec. 30, 2023 EUR (€)	Mar. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Jun. 09, 2022 USD ($)	Dec. 09, 2021 USD ($)	Dec. 08, 2021 USD ($)	Apr. 03, 2019 USD ($)	May 02, 2018 EUR (€)	Jun. 03, 2015	Jan. 02, 2014
Debt Instrument [Line Items]
Current portion of long-term debt		$ 60,703,000			$ 69,846,000
Long-term debt, net of current portion		4,366,370,000			3,314,969,000
Finance Lease, Liability		$ 14,873,000	€ 7,000,000
Senior Secured Facilities [Member]
Debt Instrument [Line Items]
Line of credit facility, term		5 years
US Finance Lease Obligations
Debt Instrument [Line Items]
Finance Lease, Liability		$ 7,100,000
Term Loan B Facility [Member] \| Senior Secured Facilities [Member]
Debt Instrument [Line Items]
Long-term Debt		0			198,698,000
Revolving Credit Facility [Member] \| Senior Secured Facilities [Member]
Debt Instrument [Line Items]
Long-term line of credit		515,000,000
Senior Notes [Member] \| Senior Notes 3.625% Due 2026 [Member]
Debt Instrument [Line Items]
Long-term line of credit \| €			€ 515,000,000
Face amount of debt insturment \| €										€ 515,000,000
Long-term Debt		$ 566,312,000			546,086,000
Annual interest rate		3.625%	3.625%							3.625%
Senior Notes [Member] \| Senior Notes 5.25% Due 2027 [Member]
Debt Instrument [Line Items]
Face amount of debt insturment									$ 500,000,000
Long-term Debt		$ 496,751,000			495,873,000
Annual interest rate		5.25%	5.25%						5.25%
Senior Notes [Member] \| Senior Notes 5.375% Due 2022 [Member]
Debt Instrument [Line Items]
Annual interest rate												5.375%
Senior Notes [Member] \| Senior Notes 4.75% Due 2022 [Member]
Debt Instrument [Line Items]
Annual interest rate											4.75%
Senior Notes [Member] \| Senior Notes 6% Due 2030
Debt Instrument [Line Items]
Face amount of debt insturment	$ 250,000,000	$ 1,000,000,000				$ 750,000,000
Long-term Debt		$ 993,559,000			992,772,000
Annual interest rate		6.00%	6.00%			6.00%
Debt Issuance Costs, Net		$ 12,700,000
Proceeds from Issuance of Senior Long-Term Debt	255,000,000
Debt Instrument, Unamortized Premium	$ 5,000,000
Secured Debt [Member] \| Senior Secured Facilities [Member]
Debt Instrument [Line Items]
Maximum availability		3,725,000,000
Debt Issuance Costs, Net		3,800,000
Other Notes and Obligations [Member]
Debt Instrument [Line Items]
Long-term Debt		90,852,000			124,364,000
Other Notes and Obligations [Member] \| Bank Overdrafts [Member]
Debt Instrument [Line Items]
Long-term Debt		15,500,000
Other Notes and Obligations [Member] \| Other Debt Obligations [Member]
Debt Instrument [Line Items]
Long-term Debt		33,300,000
Other Notes and Obligations [Member] \| Other Debt Obligations [Member] \| Brazil, Brazil Real
Debt Instrument [Line Items]
Long-term Debt		41,200,000
Term A-1 Facility \| Senior Secured Facilities [Member]
Debt Instrument [Line Items]
Long-term line of credit		400,000,000
Long-term Debt		399,454,000			399,278,000
Term A-1 Facility \| Senior Secured Facilities [Member] \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate \| United States of America, Dollars
Debt Instrument [Line Items]
Long-term line of credit		400,000,000
Term A-2 Facility \| Senior Secured Facilities [Member]
Debt Instrument [Line Items]
Long-term line of credit		500,000,000
Long-term Debt		480,479,000			492,716,000
Term A-2 Facility \| Senior Secured Facilities [Member] \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate \| United States of America, Dollars
Debt Instrument [Line Items]
Long-term line of credit		481,300,000
Term A-3 Facility \| Senior Secured Facilities [Member]
Debt Instrument [Line Items]
Long-term line of credit				$ 300,000,000
Long-term Debt		299,168,000			0
Term A-3 Facility \| Senior Secured Facilities [Member] \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate \| United States of America, Dollars
Debt Instrument [Line Items]
Long-term line of credit		300,000,000
Term A-4 Facility \| Senior Secured Facilities [Member]
Debt Instrument [Line Items]
Long-term line of credit				$ 500,000,000
Long-term Debt		489,623,000			0
Term A-4 Facility \| Senior Secured Facilities [Member] \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate \| United States of America, Dollars
Debt Instrument [Line Items]
Long-term line of credit		490,600,000
Revolving Credit Facility [Member] \| Senior Secured Facilities [Member]
Debt Instrument [Line Items]
Maximum availability		1,500,000,000					$ 1,500,000,000	$ 1,000,000,000
Availability		832,500,000
Revolving Credit Facility [Member] \| Senior Secured Facilities [Member] \| Base Rate [Member] \| United States of America, Dollars
Debt Instrument [Line Items]
Long-term line of credit		30,000,000
Revolving Credit Facility [Member] \| Senior Secured Facilities [Member] \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate \| United States of America, Dollars
Debt Instrument [Line Items]
Long-term line of credit		498,000,000
Revolving Credit Facility [Member] \| Senior Secured Facilities [Member] \| EURIBOR \| Euro Member Countries, Euro
Debt Instrument [Line Items]
Long-term line of credit \| €			€ 75,000,000
Revolving Credit Facility [Member] \| Revolving Credit Facility [Member] \| Senior Secured Facilities [Member]
Debt Instrument [Line Items]
Long-term Debt		610,875,000			135,028,000
Revolving Credit Facility [Member] \| Revolving Credit Facility [Member] \| Senior Secured Facilities [Member] \| Euro Member Countries, Euro
Debt Instrument [Line Items]
Long-term line of credit		82,900,000	€ 75,000,000		$ 32,000,000
Revolving Credit Facility [Member] \| Secured Debt [Member] \| Senior Secured Facilities [Member]
Debt Instrument [Line Items]
Availability		1,460,000,000
Revolving Credit Facility [Member] \| Secured Debt [Member] \| Senior Secured Facilities [Member] \| United States of America, Dollars
Debt Instrument [Line Items]
Availability		40,000,000
Term Loan A Facility [Member] \| Senior Secured Facilities [Member]
Debt Instrument [Line Items]
Face amount of debt insturment		$ 400,000,000
Line of credit facility, term		5 years
Term Loan A Facility [Member] \| Secured Debt [Member] \| Senior Secured Facilities [Member] \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate \| United States of America, Dollars
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		1.50%
Letter of Credit [Member] \| Senior Secured Facilities [Member]
Debt Instrument [Line Items]
Long-term line of credit		$ 3,900,000
Maximum availability		$ 150,000,000
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		9.00%	9.00%
Secured Debt [Member] \| Senior Secured Facilities [Member] \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		1.50%
Line of credit facility, interest rate at period end		6.95587%	6.95587%
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		5.35135%	5.35135%
Secured Debt [Member] \| Term A-1 Facility \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		1.625%
Line of credit facility, interest rate at period end		7.08096%	7.08096%
Secured Debt [Member] \| Term A-2 Facility \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		1.50%
Line of credit facility, interest rate at period end		6.95596%	6.95596%
Secured Debt [Member] \| Term A-3 Facility \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		1.625%
Line of credit facility, interest rate at period end		7.08096%	7.08096%
Secured Debt [Member] \| Term A-4 Facility \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		1.50%
Line of credit facility, interest rate at period end		6.95596%	6.95596%
Secured Debt [Member] \| Secured Debt [Member] \| Senior Secured Facilities [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		1.50%
Secured Debt [Member] \| Secured Debt [Member] \| Senior Secured Facilities [Member] \| Base Rate [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		0.50%
Swingline Sub-Facility [Member] \| Senior Secured Facilities [Member]
Debt Instrument [Line Items]
Maximum availability		$ 50,000,000
Term Loan B Facility [Member] \| Senior Secured Facilities [Member]
Debt Instrument [Line Items]
Face amount of debt insturment		$ 525,000,000
Term Loan B Facility [Member] \| Secured Debt [Member] \| Senior Secured Facilities [Member] \| LIBOR \| United States of America, Dollars
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		2.00%
Term Loan B Facility [Member] \| Secured Debt [Member] \| Senior Secured Facilities [Member] \| Base Rate [Member] \| United States of America, Dollars
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		1.00%
Foreign Line of Credit [Member] \| Senior Secured Facilities [Member]
Debt Instrument [Line Items]
Long-term line of credit		$ 12,100,000
Foreign Line of Credit [Member] \| Other Notes and Obligations [Member]
Debt Instrument [Line Items]
Long-term line of credit		900,000
Ancillary Facilities \| Senior Secured Facilities [Member]
Debt Instrument [Line Items]
Long-term line of credit		52,700,000
Term A-2 Facility \| Senior Secured Facilities [Member]
Debt Instrument [Line Items]
Face amount of debt insturment		$ 500,000,000
Term A-2 Facility \| Secured Debt [Member] \| Senior Secured Facilities [Member] \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate \| United States of America, Dollars
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		1.50%
Term A-3 Facility \| Senior Secured Facilities [Member]
Debt Instrument [Line Items]
Face amount of debt insturment		$ 300,000,000
Term A-4 Facility \| Senior Secured Facilities [Member]
Debt Instrument [Line Items]
Face amount of debt insturment		500,000,000
Term A-1 Facility \| Senior Secured Facilities [Member]
Debt Instrument [Line Items]
Face amount of debt insturment		400,000,000
Domestic Line of Credit \| Senior Secured Facilities [Member]
Debt Instrument [Line Items]
Long-term line of credit		$ 10,700,000

Debt Debt Maturiities (Details) $ in Thousands	Dec. 30, 2023 USD ($)
Debt Disclosure [Abstract]
2024	$ 61,754
2025	83,316
2026	2,784,970
2027	503,978
2028	3,435
thereafter	1,005,224
Long-term Debt	$ 4,442,677

Other Noncurrent Liabilities (Details) - USD ($) $ in Thousands	Dec. 30, 2023	Dec. 31, 2022
OTHER NONCURRENT LIABILITIES [Abstract]
Accrued pension liability (Note 15)	$ 20,721	$ 22,538
Reserve for self-insurance, litigation, environmental and tax matters (Note 20)	100,354	76,685
Business Combination, Consideration Transferred, Liability Hold-backs	137,913	26,113
Business Combination, Contingent Consideration, Liability, Noncurrent	86,495	169,903
Other	4,326	3,694
Total other noncurrent liabilities	$ 349,809	$ 298,933

Income Taxes Income Taxes - Narrative (Details) $ in Thousands	12 Months Ended
	Dec. 30, 2023 USD ($) country	Dec. 31, 2022 USD ($)	Jan. 01, 2022 USD ($)
Operating Loss Carryforwards [Line Items]
Income tax expense	$ 59,568	$ 146,626	$ 164,106
Deferred Tax Assets, Operating Loss Carryforwards, Not Subject to Expiration	189,100
Deferred Tax Assets, Operating Loss Carryforwards, Foreign	213,000
Operating Loss Carryforwards, Valuation Allowance	40,100
Unrecognized Tax Benefits	13,872	17,842	$ 10,508
Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense	1,700
Deferred Tax Liabilities, Undistributed Foreign Earnings	$ 18,139	$ 12,890
Organization for Economic Co-operation and Development, Number of Countries Participating \| country	140
Foreign Tax Authority
Operating Loss Carryforwards [Line Items]
Tax Credit Carryforward, Amount	$ 23,900
State and Local Jurisdiction
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards	358,600
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration	259,200
Deferred Tax Assets, Operating Loss Carryforwards, Not Subject to Expiration	99,400
Deferred Tax Asset, Interest Carryforward	98,400
Domestic Tax Authority
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards	979,300
Tax Credit Carryforward, Amount	2,000
Deferred Tax Asset, Interest Carryforward	$ 230,900

Income Taxes - Income From Operations Before Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022
Income Tax Disclosure [Abstract]
United States	$ 399,378	$ 551,521	$ 545,861
Foreign	320,579	342,197	275,535
Income before income taxes	$ 719,957	$ 893,718	$ 821,396

- Definition

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(11))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-05(b)(2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479557/942-235-S99-1

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 25
-Paragraph 1
-SubTopic 20
-Topic 940
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481913/940-20-25-1

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(10))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(15))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1

+ Details

Income Taxes - Expense Benefit (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022
Current:
Federal	$ 1,574	$ (206)	$ (31)
State	1,336	2,288	8,442
Foreign	104,997	105,368	60,730
Total current	107,907	107,450	69,141
Deferred:
Federal	(22,868)	35,290	66,883
State	(28,511)	18,150	19,495
Foreign	3,040	(14,264)	8,587
Total deferred	(48,339)	39,176	94,965
Income Tax Expense (Benefit)	$ 59,568	$ 146,626	$ 164,106

Income Taxes Income Taxes - Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022
Effective Income Tax Rate Reconciliation, Amount [Abstract]
Computed "expected" tax expense	$ 151,191	$ 187,681	$ 172,493
Change in valuation allowance	27,713	(3,241)	(4,996)
Non-deductible compensation expenses	5,779	5,320	4,324
Deferred tax on unremitted foreign earnings	3,686	4,939	3,415
Foreign rate differential	16,607	17,628	14,748
Change in uncertain tax positions	(3,477)	8,167	6,809
State income taxes, net of federal benefit	(20,868)	10,738	18,205
Biofuel tax incentives	(125,006)	(77,189)	(38,778)
Global intangible low taxed income	14,943	5,745	1,549
Change in tax law	(5,890)	(13)	1,869
Equity compensation windfall	(2,241)	(13,441)	(11,046)
Other, net	(2,869)	292	(4,486)
Income Tax Expense (Benefit)	$ 59,568	$ 146,626	$ 164,106

Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 30, 2023	Dec. 31, 2022
Deferred tax assets:
Loss contingency reserves	$ 15,247	$ 11,775
Employee benefits	15,466	14,480
Pension liability	3,193	3,505
Interest expense carryforwards	53,591	28,769
Tax loss carryforwards	291,910	275,675
Tax credit carryforwards	2,051	2,432
Operating lease liabilities	57,503	53,765
Inventory	17,013	15,002
Accrued liabilities and other	23,090	18,408
Total gross deferred tax assets	479,064	423,811
Less valuation allowance	(40,063)	(12,788)
Net deferred tax assets	439,001	411,023
Deferred tax liabilities:
Intangible assets amortization, including taxable goodwill	(248,146)	(238,347)
Property, plant and equipment depreciation	(242,666)	(218,316)
Investment in DGD Joint Venture	(324,583)	(344,633)
Operating lease assets	(56,098)	(52,330)
Tax on unremitted foreign earnings	(18,139)	(12,890)
Other	(29,832)	(8,451)
Total gross deferred tax liabilities	(919,464)	(874,967)
Net deferred tax liability	(480,463)	(463,944)
Non-current deferred tax asset	17,711	17,888
Non-current deferred tax liability	$ (498,174)	$ (481,832)

Income Taxes Reconciliation of Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Balance at beginning of Year	$ 17,842	$ 10,508
Change in tax positions related to current year	(1,883)
Change in tax positions related to current year		7,904
Change in tax positions related to prior years	(1,986)	(38)
Change in tax positions due to settlement with tax authorities	0	0
Expiration of the Statute of Limitations	(101)	(532)
Balance at end of year	$ 13,872	$ 17,842

Stockholders' Equity and Stock-Based Compensation Narrative (Details) - USD ($)							12 Months Ended
	Aug. 07, 2023	May 11, 2023	Jan. 03, 2023	Jan. 03, 2022	Dec. 09, 2021	Jan. 04, 2021	Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022	Aug. 07, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock repurchase program, period in force					2 years
Stock repurchase program, authorized amount										$ 500,000,000
Payments for Repurchase of Common Stock							$ 52,941,000	$ 125,531,000	$ 167,708,000
Stock repurchase program, remaining authorized repurchase amount							$ 321,600,000
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							7,882,079
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance period two							3 years
Shares granted (in shares)	2,971	6,648	177,299	115,615		126,711	186,918	115,615	126,711
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)	1,980	4,432	118,208	82,791		90,689		41,625
Restricted Stock Units (RSUs) [Member] \| Executive Officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted (in shares)		44,304

Stockholders' Equity and Stock-Based Compensation Stock Option Awards (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022	Jan. 02, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options outstanding, Weighted-average remaining contractual life (in years)	3 years 3 months 18 days	4 years 3 months 18 days	5 years 2 months 12 days	6 years 2 months 12 days
Granted (in shares)	0	0	0
Proceeds from stock options exercised	$ 0.1	$ 0.1	$ 0.1
Share-based Payment Arrangement, Exercise of Option, Tax Benefit	1.2	3.7	4.5
Exercises in period, intrinsic value	9.5	21.7	29.5
Vested in period, fair value	33.0	$ 24.8	$ 19.9
Outstanding, intrinsic value	83.3
Exercisable, intrinsic value	83.3
Total compensation cost not yet recognized	$ 15.4
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition	1 year 3 months 18 days
Options exercisable, Weighted-average remaining contractual life (in years)	3 years 3 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

Stockholders' Equity and Stock-Based Compensation Stock Option Activity (Details) - $ / shares	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022	Jan. 02, 2021
Summary of stock option activity [Roll Forward]
Options outstanding at the beginning of year (in shares)	2,756,587	3,147,814	3,691,515
Options outstanding at the beginning of year, Weighted-average exercise price per share (in usd per share)	$ 17.23	$ 17.43	$ 17.31
Granted (in shares)	0	0	0
Granted, Weighted-average exercise price per share (in usd per share)	$ 0	$ 0	$ 0
Exercised (in shares)	(223,000)	(386,460)	(521,177)
Exercised, Weighted-average exercise price per share (in usd per share)	$ 20.43	$ 18.84	$ 16.44
Forfeited (in shares)	(2,212)	(4,767)	(22,524)
Forfeited, Weighted-average exercise price per share (in usd per share)	$ 26.54	$ 20.32	$ 20.12
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)	2,531,375	2,756,587	3,147,814	3,691,515
Options outstanding at the end of year, Weighted-average exercise price per share (in usd per share)	$ 16.94	$ 17.23	$ 17.43	$ 17.31
Options outstanding, Weighted-average remaining contractual life (in years)	3 years 3 months 18 days	4 years 3 months 18 days	5 years 2 months 12 days	6 years 2 months 12 days
Options exercisable (in shares)	2,531,375
Options exercisable, Weighted-average exercise price per share (in usd per share)	$ 16.94
Options exercisable, Weighted-average remaining contractual life (in years)	3 years 3 months 18 days

Stockholders' Equity and Stock-Based Compensation Non-Vested Stock, Restricted Stock Unit and Performance Share Unit Awards (Details) - shares						12 Months Ended
	Aug. 07, 2023	May 11, 2023	Jan. 03, 2023	Jan. 03, 2022	Jan. 04, 2021	Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted (in shares)	2,971	6,648	177,299	115,615	126,711	186,918	115,615	126,711
Performance period two						3 years
Stock Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted (in shares)						168,924	124,416	90,689
Shares vested (in shares)						(70,251)	(35,337)	(11,545)
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)	1,980	4,432	118,208	82,791	90,689		41,625

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

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+ Details

Stockholders' Equity and Stock-Based Compensation Fiscal 2019 and Fiscal 2021 LTIP PSU Awards (Details) - Performance Shares [Member] - shares						12 Months Ended
	Aug. 07, 2023	May 11, 2023	Jan. 03, 2023	Jan. 03, 2022	Jan. 04, 2021	Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted (in shares)	2,971	6,648	177,299	115,615	126,711	186,918	115,615	126,711
Performance period two						3 years
PSUs earned may be reduced						30.00%
Minimum [Member]
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%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

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+ Details

Stockholders' Equity and Stock-Based Compensation Summary of Assumptions (Details) - Performance Shares [Member]	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected dividend yield	0.00%	0.00%	0.00%
Risk-free interest rate	4.13%	1.04%	0.16%
Expected term	2 years 11 months 23 days	3 years	3 years
Expected volatility	49.60%	44.10%	39.90%

- Definition

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+ References

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+ Details

Stockholders' Equity and Stock-Based Compensation Summary of the Company’s LTIP PSU Awards (Details) - Performance Shares [Member] - $ / shares						12 Months Ended
	Aug. 07, 2023	May 11, 2023	Jan. 03, 2023	Jan. 03, 2022	Jan. 04, 2021	Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022
Summary of non-vested and restricted stock awards [Roll Forward]
Beginning balance nonvested (in shares)						439,306	1,399,178	2,203,078
Nonvested, Weighted Average Grant Date Fair Value (in usd per share)						$ 50.58	$ 20.82	$ 14.80
Shares granted (in shares)	2,971	6,648	177,299	115,615	126,711	186,918	115,615	126,711
Shares granted, Weighted Average Grant Date Fair Value (in dollars per share)						$ 66.67	$ 75.13	$ 61.12
Additional PSU awards vested from performance (in shares)						263,221	367,746	367,109
Shares vested, Weighted Average Grant Date Fair Value (in dollars per share)						$ 31.80	$ 21.50	$ 20.60
Stock issued for PSU's (in shares)						(473,824)	(1,429,198)	(1,276,120)
Stock issued for PSU's, Weighted Average Grant Date Fair Value (in dollars per share)						$ 31.80	$ 15.87	$ 14.17
Forfeited in Period (in shares)						(11,078)	(14,035)	(21,600)
Shares forfeited, Weighted Average Grant Date Fair Value (in dollars per share)						$ 67.60	$ 57.54	$ 32.45
Nonvested, Weighted Average Grant Date Fair Value (in usd per share)						$ 67.33	$ 50.58	$ 20.82
Ending balance nonvested (in shares)						404,543	439,306	1,399,178
Performance period two						3 years

Stockholders' Equity and Stock-Based Compensation Summary of the Company’s Non-vested Stock (Details) - $ / shares						12 Months Ended
	Aug. 07, 2023	May 11, 2023	Jan. 03, 2023	Jan. 03, 2022	Jan. 04, 2021	Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022
Stock Awards [Member]
Summary of stock option activity [Roll Forward]
Beginning balance nonvested (in shares)						170,249	87,934	11,375
Nonvested, Weighted Average Grant Date Fair Value (in usd per share)						$ 66.31	$ 56.93	$ 35.00
Shares granted (in shares)						168,924	124,416	90,689
Shares granted, Weighted Average Grant Date Fair Value (in dollars per share)						$ 61.73	$ 70.67	$ 56.93
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period						(70,251)	(35,337)	(11,545)
Shares vested, Weighted Average Grant Date Fair Value (in dollars per share)						$ 65.03	$ 58.23	$ 35.32
Forfeited in Period (in shares)						(3,270)	(6,764)	(2,585)
Shares forfeited, Weighted Average Grant Date Fair Value (in dollars per share)						$ 62.55	$ 66.67	$ 56.93
Ending balance nonvested (in shares)						265,652	170,249	87,934
Nonvested, Weighted Average Grant Date Fair Value (in usd per share)						$ 63.78	$ 66.31	$ 56.93
Performance Shares [Member]
Summary of stock option activity [Roll Forward]
Beginning balance nonvested (in shares)						439,306	1,399,178	2,203,078
Nonvested, Weighted Average Grant Date Fair Value (in usd per share)						$ 50.58	$ 20.82	$ 14.80
Shares granted (in shares)	2,971	6,648	177,299	115,615	126,711	186,918	115,615	126,711
Shares granted, Weighted Average Grant Date Fair Value (in dollars per share)						$ 66.67	$ 75.13	$ 61.12
Additional PSU awards vested from performance (in shares)						263,221	367,746	367,109
Shares vested, Weighted Average Grant Date Fair Value (in dollars per share)						$ 31.80	$ 21.50	$ 20.60
Stock issued for PSU's (in shares)						(473,824)	(1,429,198)	(1,276,120)
Stock issued for PSU's, Weighted Average Grant Date Fair Value (in dollars per share)						$ 31.80	$ 15.87	$ 14.17
Forfeited in Period (in shares)						(11,078)	(14,035)	(21,600)
Shares forfeited, Weighted Average Grant Date Fair Value (in dollars per share)						$ 67.60	$ 57.54	$ 32.45
Ending balance nonvested (in shares)						404,543	439,306	1,399,178
Nonvested, Weighted Average Grant Date Fair Value (in usd per share)						$ 67.33	$ 50.58	$ 20.82
Restricted Stock Units (RSUs) [Member]
Summary of stock option activity [Roll Forward]
Shares granted (in shares)	1,980	4,432	118,208	82,791	90,689		41,625

Stockholders' Equity and Stock-Based Compensation Nonemployee Director Restricted Stock and Restricted Stock Unit Awards (Details) - USD ($) $ in Thousands	Dec. 30, 2023	Dec. 30, 2017
Director Restricted Stock Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock available for grant per employee	$ 150	$ 135

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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-Section 35
-Paragraph 1D
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-URI https://asc.fasb.org//1943274/2147480483/718-10-35-1D

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Stockholders' Equity and Stock-Based Compensation Non-employee Director Restricted Stock Awards (Details) - Director Restricted Stock Plan [Member] - $ / shares	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022
Summary of non-vested and restricted stock awards [Roll Forward]
Ending balance nonvested (in shares)	168,128	208,934	186,175
Nonvested, Weighted Average Grant Date Fair Value (in usd per share)	$ 27.94	$ 22.43	$ 17.79
Shares granted (in shares)	30,676	22,759	18,098
Shares granted, Weighted Average Grant Date Fair Value (in dollars per share)	$ 59.36	$ 73.03	$ 70.86
Restrictions Lapsed (in shares)	(70,475)	0	(68,200)
Restrictions Lapsed, Weighted Average Grant Date Fair Value (in dollars per share)	$ 24.69	$ 0	$ 19.21
Forfeited in Period (in shares)	(1,007)	0	0
Shares forfeited, Weighted Average Grant Date Fair Value (in dollars per share)	$ 61.01	$ 0	$ 0
Beginning balance nonvested (in shares)	208,934	186,175	236,277
Nonvested, Weighted Average Grant Date Fair Value (in usd per share)	$ 34.84	$ 27.94	$ 22.43

Comprehensive Income (Details) - USD ($) $ in Thousands	12 Months Ended
Comprehensive Income (Details) - USD ($) $ in Thousands	Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022
Before-Tax Amount
Actuarial gain/(loss) recognized	$ 1,669	$ 9,884	$ 12,415
Amortization of actuarial gain/(loss)	1,725	2,235	4,228
Amortization of prior service costs	(1)	22	25
Amortization of settlement	(58)	(22)	210
Special termination benefits recognized	0	38	0
Other	12	48	(16)
Total defined benefit pension plans	3,347	12,205	16,862
Tax (Expense) or Benefit
Actuarial gain/(loss) recognized	(650)	(2,645)	(3,185)
Amortization of actuarial gain/(loss)	(427)	(584)	(978)
Amortization of prior service costs	0	(5)	(3)
Amortization of settlement	14	5	(27)
Special termination benefits recognized		(10)
Other	0	0	0
Total defined benefit pension plans	(1,063)	(3,239)	(4,193)
Net-of-Tax Amount
Actuarial gain/(loss) recognized	1,019	7,239	9,230
Amortization of actuarial gain/(loss)	1,298	1,651	3,250
Amortization of prior service costs	(1)	17	22
Amortization of settlement	(44)	(17)	183
Special termination benefits recognized		28
Other	12	48	(16)
Total defined benefit pension plans	2,284	8,966	12,669
Before-Tax Amount
Foreign currency translation	140,618	(89,686)	(77,287)
Tax (Expense) or Benefit
Foreign currency translation	(967)	1,830	3,068
Net-of-Tax Amount
Foreign currency translation	139,651	(87,856)	(74,219)
Other comprehensive income/(loss)	198,347	(57,471)	(65,978)
Other comprehensive income/(loss)	(15,858)	(7,787)	1,186
Other comprehensive income/(loss)	182,489	(65,258)	(64,792)
Heating Oil Swaps And Options [Member]
Before-Tax Amount
Activity recognized in other comprehensive income (loss)	45,268	(3,294)	1,199
Total swap derivatives	45,268	(3,294)	1,199
Tax (Expense) or Benefit
Activity recognized in other comprehensive income (loss)	(11,053)	836	(305)
Total swap derivatives	(11,053)	836	(305)
Net-of-Tax Amount
Activity recognized in other comprehensive income (loss)	34,215	(2,458)	894
Total swap derivatives	34,215	(2,458)	894
Corn Option [Member]
Before-Tax Amount
Reclassified to earnings	(1,537)	15,408	17,005
Activity recognized in other comprehensive income (loss)	1,627	(10,653)	(14,541)
Total swap derivatives	90	4,755	2,464
Tax (Expense) or Benefit
Reclassified to earnings	390	(3,914)	(4,319)
Activity recognized in other comprehensive income (loss)	(412)	2,706	3,693
Total swap derivatives	(22)	(1,208)	(626)
Net-of-Tax Amount
Reclassified to earnings	(1,147)	11,494	12,686
Activity recognized in other comprehensive income (loss)	1,215	(7,947)	(10,848)
Total swap derivatives	68	3,547	1,838
Foreign exchange derivative adjustments
Before-Tax Amount
Reclassified to earnings	(34,491)	(14,549)	(2,333)
Activity recognized in other comprehensive income (loss)	40,170	32,644	(6,694)
Total swap derivatives	5,679	18,095	(9,027)
Tax (Expense) or Benefit
Reclassified to earnings	11,822	4,737	826
Activity recognized in other comprehensive income (loss)	(13,769)	(10,628)	2,368
Total swap derivatives	(1,947)	(5,891)	3,194
Net-of-Tax Amount
Reclassified to earnings	(22,669)	(9,812)	(1,507)
Activity recognized in other comprehensive income (loss)	26,401	22,016	(4,326)
Total swap derivatives	3,732	12,204	(5,833)
Soybean Meal [Member]
Before-Tax Amount
Reclassified to earnings	(627)	(521)	(274)
Activity recognized in other comprehensive income (loss)	(3)	975	85
Total swap derivatives	(630)	454	(189)
Tax (Expense) or Benefit
Reclassified to earnings	159	132	70
Activity recognized in other comprehensive income (loss)	1	(247)	(22)
Total swap derivatives	160	(115)	48
Net-of-Tax Amount
Reclassified to earnings	(468)	(389)	(204)
Activity recognized in other comprehensive income (loss)	(2)	728	63
Total swap derivatives	(470)	339	(141)
Interest rate swap derivative adjustments
Before-Tax Amount
Reclassified to earnings	(1,843)
Activity recognized in other comprehensive income (loss)	5,818
Total swap derivatives	3,975
Tax (Expense) or Benefit
Reclassified to earnings	448
Activity recognized in other comprehensive income (loss)	(1,414)
Total swap derivatives	(966)
Net-of-Tax Amount
Reclassified to earnings	(1,395)
Activity recognized in other comprehensive income (loss)	4,404
Total swap derivatives	$ 3,009	$ 0	$ 0

Comprehensive Income Reclassifications (Details) - USD ($)
$ in Thousands

12 Months Ended

Dec. 30, 2023

Dec. 31, 2022

Jan. 01, 2022

Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]

Net sales

$ 6,788,080

$ 6,532,204

$ 4,741,369

Cost of sales and operating expenses

5,143,060

5,002,609

3,499,385

Amortization of prior service cost

(1)

22

25

Amortization of actuarial loss

(1,725)

(2,235)

(4,228)

Amortization of settlement

58

22

(210)

Special termination benefits recognized

0

(38)

0

Income taxes

(59,568)

(146,626)

(164,106)

Net income

647,726

737,690

650,914

Reclassification out of Accumulated Other Comprehensive Income [Member]

Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]

Net income

24,426

(2,972)

(14,430)

Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member] | Soybean Meal [Member]

Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]

Net sales

627

521

274

Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member] | Foreign exchange derivative adjustments

Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]

Net sales

34,491

14,549

2,333

Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member] | 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

1,843

0

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

38,498

(338)

(14,398)

Income taxes

(12,819)

(955)

3,423

Net income

25,679

(1,293)

(10,975)

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

1,537

(15,408)

(17,005)

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]

1

(22)

(25)

Amortization of actuarial loss

^[1]

(1,725)

(2,235)

(4,228)

Amortization of settlement

^[1]

58

22

(210)

Income from operations before income taxes

(1,666)

(2,273)

(4,463)

Income taxes

413

594

1,008

Net income

$ (1,253)

$ (1,679)

$ (3,455)

[1]	These items are included in the computation of net periodic pension cost. See Note 15 Employee Benefit Plans for additional information.

Comprehensive Income AOCI (Details) $ in Thousands	12 Months Ended
Comprehensive Income AOCI (Details) $ in Thousands	Dec. 30, 2023 USD ($)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	$ (383,874)
Other comprehensive gain before reclassifications	206,915
Amounts reclassified from accumulated other comprehensive income/(loss)	(24,426)
Net current-period other comprehensive income	182,489
Noncontrolling interest	(3,039)
Ending balance	(198,346)
Foreign Currency Translation
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(374,368)
Other comprehensive gain before reclassifications	139,651
Amounts reclassified from accumulated other comprehensive income/(loss)	0
Net current-period other comprehensive income	139,651
Noncontrolling interest	(3,039)
Ending balance	(231,678)
Derivative Instruments
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	7,176
Other comprehensive gain before reclassifications	66,233
Amounts reclassified from accumulated other comprehensive income/(loss)	(25,679)
Net current-period other comprehensive income	40,554
Noncontrolling interest	0
Ending balance	47,730
Defined Benefit Pension Plans
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(16,682)
Other comprehensive gain before reclassifications	1,031
Amounts reclassified from accumulated other comprehensive income/(loss)	1,253
Net current-period other comprehensive income	2,284
Noncontrolling interest	0
Ending balance	$ (14,398)

- Definition

Amount, after tax, of accumulated increase (decrease) in equity from transaction and other event and circumstance from nonowner source.

+ References + Details

Employee Benefit Plans - Narrative (Details) $ in Millions	12 Months Ended
Employee Benefit Plans - Narrative (Details) $ in Millions	Dec. 30, 2023 USD ($) plan	Dec. 31, 2022 USD ($)	Jan. 01, 2022 USD ($)
Defined Benefit Plan Disclosure [Line Items]
Domestic Pension Plan Benefits Percentage Of The Projected Benefit Obligation	69.00%	71.00%
Domestic Defined Benefit Plan Cash Contributions By Employer	$ 0.2	$ 2.0
Foreign Defined Benefit Plan Cash Contributions By Employer	$ 4.1	$ 3.6
Discount rate	4.62%	4.82%	2.40%
Expected long-term rate of return on assets	5.72%	4.75%	5.40%
Investment Horizon of Greater Than	10 years
Emerging Market Equity Allocation Percentage, Maximum	10.00%
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	$ 4.4
Minimum [Member]
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
Equity Funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Equity Securities	33.00%
Fixed Income Funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Equity Securities	67.00%
Domestic Country Plan
Defined Benefit Plan Disclosure [Line Items]
Defined Contribution Plan, Employer Contribution Amount	$ 17.6	$ 10.1	$ 10.9
Foreign Country Plan
Defined Benefit Plan Disclosure [Line Items]
Defined Contribution Plan, Employer Contribution Amount	$ 10.2	$ 8.6	$ 9.6
Expected long-term rate of return on assets	2.40%
UNITED STATE AND CANADA [Member]
Defined Benefit Plan Disclosure [Line Items]
Expected long-term rate of return on assets	6.30%

Employee Benefit Plans - Funded Status (Details) - USD ($)
$ in Thousands

12 Months Ended

Dec. 30, 2023

Dec. 31, 2022

Jan. 01, 2022

Change in projected benefit obligation:

Projected benefit obligation at beginning of period

$ 167,546

$ 225,808

Service cost

2,714

3,149

$ 3,127

Interest cost

7,836

5,231

4,816

Employee contributions

340

353

Actuarial (gain)/loss

3,662

(52,490)

Benefits paid

(9,962)

(9,919)

Effect of settlement

(1,138)

(476)

Special termination benefit recognized

0

(38)

0

Other

1,356

(4,148)

Projected benefit obligation at end of period

172,354

167,546

225,808

Change in plan assets:

Fair value of plan assets at beginning of period

147,766

188,718

Actual return on plan assets

13,312

(33,841)

Employer contributions

4,254

5,570

Employee contributions

340

353

Benefits paid

(9,962)

(9,919)

Effect of settlement

(1,138)

(476)

Other

840

(2,639)

Fair value of plan assets at end of period

155,412

147,766

$ 188,718

Funded status

(16,942)

(19,780)

Net amount recognized

(16,942)

(19,780)

Amounts recognized in the consolidated balance sheets consist of:

Noncurrent assets

4,928

3,910

Current liability

(1,149)

(1,152)

Noncurrent liability

(20,721)

(22,538)

Amounts recognized in accumulated other comprehensive loss consist of:

Net actuarial loss

19,432

22,176

Prior service cost

(501)

101

Net amount recognized

^[1]

18,931

22,277

Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Tax

$ 4,500

$ 5,600

[1]	Amounts do not include deferred taxes of $4.5 million and $5.6 million at December 30, 2023 and December 31, 2022, respectively.

Employee Benefit Plans - Accumulated Benefit Obligations in Excess of Plan Assets (Details) - USD ($) $ in Thousands	Dec. 30, 2023	Dec. 31, 2022
Employee Benefit Plans [Abstract]
Projected benefit obligation	$ 110,719	$ 110,039
Accumulated benefit obligation	108,262	107,807
Fair value of plan assets	$ 88,939	$ 86,441

Employee Benefit Plans - Net Pension Cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022
Employee Benefit Plans [Abstract]
Service cost	$ 2,714	$ 3,149	$ 3,127
Interest cost	$ 7,836	$ 5,231	$ 4,816
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Interest Cost, Statement of Income or Comprehensive Income [Extensible Enumeration]	Other income/(expense), net	Other income/(expense), net	Other income/(expense), net
Expected return on plan assets	$ (7,958)	$ (8,604)	$ (9,287)
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) Excluding Service Cost, Statement of Income or Comprehensive Income [Extensible Enumeration]	Other income/(expense), net	Other income/(expense), net	Other income/(expense), net
Net amortization and deferral	$ 1,724	$ 2,257	$ 4,253
Settlement	$ (58)	$ (22)	$ 210
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Settlement Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other income/(expense), net	Other income/(expense), net	Other income/(expense), net
Special termination benefit recognized	$ 0	$ 38	$ 0
Net pension cost	$ 4,258	$ 2,049	$ 3,119

Employee Benefit Plans - Weighted Average Assumptions (Details)	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022
Defined Benefit Plan Disclosure [Line Items]
Discount rate	4.62%	4.82%	2.40%
Rate of compensation increase	0.61%	0.55%	0.50%
Discount rate	4.26%	0.68%	1.32%
Rate of increase in future compensation levels	0.57%	0.51%	0.52%
Expected long-term rate of return on assets	5.72%	4.75%	5.40%
Minimum [Member] \| Fixed Income Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Investment Policy and Strategy, Description	35
Minimum [Member] \| Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Investment Policy and Strategy, Description	20
Maximum [Member] \| Fixed Income Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Investment Policy and Strategy, Description	80
Maximum [Member] \| Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Investment Policy and Strategy, Description	65

Employee Benefit Plans - Fair Value Measurements for Defined Benefit Plan Assets (Details) - USD ($) $ in Thousands	Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022
Fair Value Measurement [Domain]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	$ 155,412	$ 147,766
Fair Value Measurement [Domain] \| Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	136,735	84,401
Fair Value Measurement [Domain] \| Significant Other Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	16,659	14,970
Fair Value Measurement [Domain] \| Fair Value, Inputs, Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	2,018	1,743
Defined Benefit Plan, Plan Assets, Amount	155,412	147,766	$ 188,718
Fair Value, Inputs, Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	2,018	1,743	$ 2,982
Estimate of Fair Value Measurement [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	155,412	101,114
Estimate of Fair Value Measurement [Member] \| Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	136,735	84,401
Estimate of Fair Value Measurement [Member] \| Significant Other Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	16,659	14,970
Estimate of Fair Value Measurement [Member] \| Fair Value, Inputs, Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	2,018	1,743
Portion at Other than Fair Value Measurement [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	0	46,652
Fixed Income, Long Term [Member] \| Estimate of Fair Value Measurement [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	91,921	23,028
Fixed Income, Long Term [Member] \| Estimate of Fair Value Measurement [Member] \| Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	91,921	23,028
Fixed Income, Long Term [Member] \| Estimate of Fair Value Measurement [Member] \| Significant Other Observable Inputs (Level 2) [Member]
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 [Member]
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	3,374	4,539
Fixed Income, Short Term [Member] \| Estimate of Fair Value Measurement [Member] \| Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	3,374	4,539
Fixed Income, Short Term [Member] \| Estimate of Fair Value Measurement [Member] \| Significant Other Observable Inputs (Level 2) [Member]
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 [Member]
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	22,429	33,369
Equity Securities, Domestic [Member] \| Estimate of Fair Value Measurement [Member] \| Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	22,429	33,369
Equity Securities, Domestic [Member] \| Estimate of Fair Value Measurement [Member] \| Significant Other Observable Inputs (Level 2) [Member]
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 [Member]
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	19,011	23,465
Equity Securities, International [Member] \| Estimate of Fair Value Measurement [Member] \| Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	19,011	23,465
Equity Securities, International [Member] \| Estimate of Fair Value Measurement [Member] \| Significant Other Observable Inputs (Level 2) [Member]
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 [Member]
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	18,677	16,713
Insurance Contracts [Member] \| Estimate of Fair Value Measurement [Member] \| Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
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) [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	16,659	14,970
Insurance Contracts [Member] \| Estimate of Fair Value Measurement [Member] \| Fair Value, Inputs, Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	$ 2,018	$ 1,743

Employee Benefit Plans - Significant Unobservable Inputs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022
Defined Benefit Plan, Change in Fair Value of Plan Assets, Level 3 Reconciliation [Roll Forward]
Fair value of plan assets at beginning of period	$ 147,766	$ 188,718
Fair value of plan assets at end of period	155,412	147,766
Fair Value, Inputs, Level 3 [Member]
Defined Benefit Plan, Change in Fair Value of Plan Assets, Level 3 Reconciliation [Roll Forward]
Fair value of plan assets at beginning of period	1,743	2,982
Unrealized gains (losses) relating to instruments still held in the reporting period.	209	(1,055)
Purchases, sales, and settlements	0	0
Exchange rate changes	66	(184)
Fair value of plan assets at end of period	$ 2,018	$ 1,743

- Definition

Amount of asset segregated and restricted to provide benefit under defined benefit plan. Asset includes, but is not limited to, stock, bond, other investment, earning from investment, and contribution by employer and employee.

+ References + Details

Employee Benefit Plans - Expected Future Benefit Payments (Details) $ in Thousands	Dec. 30, 2023 USD ($)
Employee Benefit Plans [Abstract]
2024	$ 11,896
2025	11,312
2026	11,512
2027	13,274
2028	13,459
Years 2029 – 2033	$ 64,076

Employee Benefit Plans - Multiemployer Pension Plans (Details)
$ in Thousands

12 Months Ended

Dec. 30, 2023

USD ($)

plan

Dec. 31, 2022

USD ($)

Jan. 01, 2022

USD ($)

Defined Benefit Plan Disclosure [Line Items]

Contributions

$ 3,633

$ 3,450

$ 3,212

Number of Multiemployer Plans, Certified Red Zone | plan

5

Number Of Multiemployer Plans, Withdrawal Obligation | plan

4

Multiemployer Plans, Withdrawal Obligation

$ 4,700

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]

$ 1,443

1,516

1,294

Central States, Southeast and Southwest Areas Pension Plan [Member]

Defined Benefit Plan Disclosure [Line Items]

Contributions

^[2]

714

899

811

Other Multiemployer Plans [Member]

Defined Benefit Plan Disclosure [Line Items]

Contributions

$ 1,476

$ 1,035

$ 1,107

[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. The agreements have expiration dates through January 1, 2026.
[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. Certain of these agreements have expired and are being negotiated with others having expiration dates through April 2, 2026.

Derivatives (Details) € in Thousands, ¥ in Thousands, £ in Thousands, zł in Thousands, R$ in Thousands, $ in Thousands	12 Months Ended
	Dec. 30, 2023 USD ($) month	Dec. 31, 2022 USD ($)	Jan. 01, 2022 USD ($)	Dec. 30, 2023 EUR (€)	Dec. 30, 2023 BRL (R$)	Dec. 30, 2023 PLN (zł)	Dec. 30, 2023 JPY (¥)	Dec. 30, 2023 GBP (£)
Derivatives, Fair Value [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	$ 48,900
Net income	660,389	$ 747,092	$ 657,290
Foreign exchange derivative adjustments \| Designated as Hedging Instrument [Member] \| Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives Fair Value	15,900	13,800
Foreign exchange derivative adjustments \| Not Designated as Hedging Instrument [Member] \| Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives Fair Value	5,000
Corn Option [Member] \| Designated as Hedging Instrument [Member] \| Accrued Liabilities
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability	0	900
Commodity derivative adjustments
Derivatives, Fair Value [Line Items]
Forward purchase amount	191,900
Soybean Meal [Member] \| Designated as Hedging Instrument [Member] \| Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives Fair Value	0	$ 600
Interest rate swap derivative adjustments \| Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	$ 900,000
Weighted Average Derivative Pay Rate	0.04007			0.04007	0.04007	0.04007	0.04007	0.04007
Interest rate swap derivative adjustments \| Designated as Hedging Instrument [Member] \| Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives Fair Value	$ 3,700
Cross Currency Interest Rate Contract \| Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount \| €				€ 519,200
Derivative Pay Rate	0.046			0.046	0.046	0.046	0.046	0.046
Weighted Average Derivative Receive Rate	0.05799			0.05799	0.05799	0.05799	0.05799	0.05799
Cross Currency Interest Rate Contract \| Designated as Hedging Instrument [Member] \| Other Noncurrent Liabilities
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability	$ (10,800)
Cash Flow Hedging [Member]
Derivatives, Fair Value [Line Items]
Net income	0
Short [Member] \| EUR/GBP [Member] \| Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount \| €				€ 2,797
Short [Member] \| PLN/EUR [Member] \| Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount \| zł						zł 35,023
Short [Member] \| PLN/USD \| Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount \| zł						zł 2,941
Short [Member] \| GBPEUR [Member] \| Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount \| £								£ 149
Short [Member] \| GBP/USD \| Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount \| £								75
Short [Member] \| USD/JPN1 [Member] \| Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	1,050
Short [Member] \| BRI/USD \| Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount \| R$					R$ 1,546,487
Long [Member] \| EUR/GBP [Member] \| Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount \| £								£ 2,415
Long [Member] \| PLN/EUR [Member] \| Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount \| €				8,066
Long [Member] \| PLN/USD \| Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	740
Long [Member] \| GBPEUR [Member] \| Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount \| €				€ 173
Long [Member] \| GBP/USD \| Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	95
Long [Member] \| USD/JPN1 [Member] \| Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount \| ¥							¥ 149,000
Long [Member] \| BRI/USD \| Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	$ 292,015

Derivatives Derivative Effect of Derivatives Not Designated As Hedges (Details) € in Thousands, ¥ in Thousands, ¥ in Thousands, £ in Thousands, zł in Thousands, R$ in Thousands, $ in Thousands, $ in Thousands	12 Months Ended
	Dec. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)	Jan. 01, 2022 USD ($)	Dec. 30, 2023 EUR (€)	Dec. 30, 2023 BRL (R$)	Dec. 30, 2023 PLN (zł)	Dec. 30, 2023 JPY (¥)	Dec. 30, 2023 CNY (¥)	Dec. 30, 2023 AUD ($)	Dec. 30, 2023 GBP (£)
Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, Gain (Loss) on Derivative, Net	$ (12,032)	$ 38,180	$ 27,542
Foreign exchange derivative adjustments \| Foreign Currency Gain (Loss) [Member] \| Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, Gain (Loss) on Derivative, Net	(2,031)	42,690	21,698
Foreign exchange derivative adjustments \| Selling, General and Administrative Expenses [Member] \| Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, Gain (Loss) on Derivative, Net	(7,109)	(4,200)	3,405
Foreign exchange derivative adjustments \| Sales [Member] \| Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, Gain (Loss) on Derivative, Net	(1,789)	(1,108)	1,178
Foreign exchange derivative adjustments \| Cost of Sales [Member] \| Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, Gain (Loss) on Derivative, Net	$ (294)	$ (949)	$ (844)
BRI/EUR 1 [Member] \| Short [Member] \| Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, Notional Amount \| R$					R$ 170,788
BRI/EUR 1 [Member] \| Long [Member] \| Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, Notional Amount \| €				€ 31,272
Soybean Meal [Member]
Derivative [Line Items]
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Net sales	Net sales	Net sales
Soybean Meal [Member] \| Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, Gain (Loss) on Derivative, Net	$ 282	$ (1,730)	$ 0
EUR/USD [Member] \| Short [Member] \| Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, Notional Amount	562,340			48,435
EUR/USD [Member] \| Long [Member] \| Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, Notional Amount	52,622			519,182
EUR/PLN [Member] \| Short [Member] \| Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, Notional Amount \| €				40,614
EUR/PLN [Member] \| Long [Member] \| Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, Notional Amount \| zł						zł 176,500
EUR/JPN [Member] \| Short [Member] \| Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, Notional Amount \| €				11,177
EUR/JPN [Member] \| Long [Member] \| Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, Notional Amount \| ¥							¥ 1,741,390
EUR/CNY [Member] \| Short [Member] \| Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, Notional Amount \| €				25,043
EUR/CNY [Member] \| Long [Member] \| Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, Notional Amount \| ¥								¥ 195,270
EUR/AUD [Member] \| Short [Member] \| Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, Notional Amount				18,373					$ 162
EUR/AUD [Member] \| Long [Member] \| Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, Notional Amount				100					$ 30,150
EUR/GBP [Member] \| Short [Member] \| Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, Notional Amount \| €				2,797
EUR/GBP [Member] \| Long [Member] \| Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, Notional Amount \| £										£ 2,415
PLN/EUR [Member] \| Short [Member] \| Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, Notional Amount \| zł						zł 35,023
PLN/EUR [Member] \| Long [Member] \| Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, Notional Amount \| €				8,066
GBPEUR [Member] \| Short [Member] \| Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, Notional Amount \| £										£ 149
GBPEUR [Member] \| Long [Member] \| Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, Notional Amount \| €				€ 173
JPN/USD [Member] \| Short [Member] \| Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, Notional Amount \| ¥							145,199
JPN/USD [Member] \| Long [Member] \| Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, Notional Amount	994
Corn options and futures [Member] \| Sales [Member] \| Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, Gain (Loss) on Derivative, Net	1,945	(2,092)	(3,564)
Corn options and futures [Member] \| Cost of Sales [Member] \| Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, Gain (Loss) on Derivative, Net	$ (3,085)	$ 5,447	$ 5,669
Heating Oil Swaps And Options [Member]
Derivative [Line Items]
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Net sales	Net sales	Net sales
Heating Oil Swaps And Options [Member] \| Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, Gain (Loss) on Derivative, Net	$ 49	$ 122	$ 0
USD/JPN1 [Member] \| Short [Member] \| Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 1,050
USD/JPN1 [Member] \| Long [Member] \| Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, Notional Amount \| ¥							¥ 149,000

Fair Value Measurement (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
Fair Value Measurement (Details) - USD ($) $ in Thousands	Jul. 01, 2023	Dec. 30, 2023	Dec. 31, 2022	Aug. 01, 2022	Jan. 01, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Business Combination, Contingent Consideration, Liability, Noncurrent		$ 86,495	$ 169,903
Derivative Liability, Statement of Financial Position [Extensible Enumeration]		Other noncurrent liabilities	Accrued expenses
Derivative Asset, Statement of Financial Position [Extensible Enumeration]		Other assets	Other assets
FASA Group
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Business Combination, Contingent Consideration, Liability, Noncurrent				$ 82,984
Revision of Prior Period, Error Correction, Adjustment \| FASA Group
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Goodwill, Period Increase (Decrease)	$ (85,144)
Contingent Consideration
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value		$ 86,495	$ 169,903		$ 0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Purchases		168,128
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Earnings		(5,835)	3,506
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Exchange Rate Adjustments		7,571	(1,731)
Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets		29,000	20,324
Total Assets		29,000	20,324
Derivative liabilities		19,997	5,406
Total Liabilities		4,428,868	3,390,180
Business Combination, Contingent Consideration, Liability, Noncurrent		86,495	169,903
Fair Value, Recurring [Member] \| Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
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
Total Liabilities		0	0
Business Combination, Contingent Consideration, Liability, Noncurrent		0	0
Fair Value, Recurring [Member] \| Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets		29,000	20,324
Total Assets		29,000	20,324
Derivative liabilities		19,997	5,406
Total Liabilities		4,342,373	3,220,277
Business Combination, Contingent Consideration, Liability, Noncurrent		0	0
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 3 [Member]
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
Total Liabilities		86,495	169,903
Business Combination, Contingent Consideration, Liability, Noncurrent		86,495	169,903
Fair Value, Recurring [Member] \| Term Loan B Facility [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value			199,000
Fair Value, Recurring [Member] \| Term Loan B Facility [Member] \| Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value			0
Fair Value, Recurring [Member] \| Term Loan B Facility [Member] \| Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value			199,000
Fair Value, Recurring [Member] \| Term Loan B Facility [Member] \| Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value			0
Fair Value, Recurring [Member] \| Revolving Credit Facility [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value		604,766	133,003
Fair Value, Recurring [Member] \| Revolving Credit Facility [Member] \| Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value		0	0
Fair Value, Recurring [Member] \| Revolving Credit Facility [Member] \| Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value		604,766	133,003
Fair Value, Recurring [Member] \| Revolving Credit Facility [Member] \| Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value		0	0
Fair Value, Recurring [Member] \| Term A-1 Facility
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value		398,000	398,000
Fair Value, Recurring [Member] \| Term A-1 Facility \| Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value		0	0
Fair Value, Recurring [Member] \| Term A-1 Facility \| Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value		398,000	398,000
Fair Value, Recurring [Member] \| Term A-1 Facility \| Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value		0	0
Fair Value, Recurring [Member] \| Term A-2 Facility
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value		478,844	488,813
Fair Value, Recurring [Member] \| Term A-2 Facility \| Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value		0	0
Fair Value, Recurring [Member] \| Term A-2 Facility \| Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value		478,844	488,813
Fair Value, Recurring [Member] \| Term A-2 Facility \| Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value		0	0
Fair Value, Recurring [Member] \| Term A-3 Facility
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value		298,500
Fair Value, Recurring [Member] \| Term A-3 Facility \| Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value		0
Fair Value, Recurring [Member] \| Term A-3 Facility \| Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value		298,500
Fair Value, Recurring [Member] \| Term A-3 Facility \| Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value		0
Fair Value, Recurring [Member] \| Term A-4 Facility
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value		488,172
Fair Value, Recurring [Member] \| Term A-4 Facility \| Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value		0
Fair Value, Recurring [Member] \| Term A-4 Facility \| Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value		488,172
Fair Value, Recurring [Member] \| Term A-4 Facility \| Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value		0
Senior Notes 5.25% Due 2027 [Member] \| Fair Value, Recurring [Member] \| Senior Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value		493,100	485,700
Senior Notes 5.25% Due 2027 [Member] \| Fair Value, Recurring [Member] \| Senior Notes [Member] \| Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value		0	0
Senior Notes 5.25% Due 2027 [Member] \| Fair Value, Recurring [Member] \| Senior Notes [Member] \| Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value		493,100	485,700
Senior Notes 5.25% Due 2027 [Member] \| Fair Value, Recurring [Member] \| Senior Notes [Member] \| Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value		0	0
Senior Notes 3.625% Due 2026 [Member] \| Fair Value, Recurring [Member] \| Senior Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value		560,994	533,155
Senior Notes 3.625% Due 2026 [Member] \| Fair Value, Recurring [Member] \| Senior Notes [Member] \| Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value		0	0
Senior Notes 3.625% Due 2026 [Member] \| Fair Value, Recurring [Member] \| Senior Notes [Member] \| Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value		560,994	533,155
Senior Notes 3.625% Due 2026 [Member] \| Fair Value, Recurring [Member] \| Senior Notes [Member] \| Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value		0	0
Senior Notes 6% Due 2030 \| Fair Value, Recurring [Member] \| Senior Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value		1,000,000	977,200
Senior Notes 6% Due 2030 \| Fair Value, Recurring [Member] \| Senior Notes [Member] \| Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value		0	0
Senior Notes 6% Due 2030 \| Fair Value, Recurring [Member] \| Senior Notes [Member] \| Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value		1,000,000	977,200
Senior Notes 6% Due 2030 \| Fair Value, Recurring [Member] \| Senior Notes [Member] \| Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value		$ 0	$ 0

Asset Impairment, Exit and Restructuring Costs (Details) $ in Thousands	1 Months Ended	3 Months Ended		12 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 30, 2023 USD ($) location	Jul. 01, 2023 USD ($)	Dec. 30, 2023 USD ($) location	Dec. 31, 2022 USD ($)	Jan. 01, 2022 USD ($)
Restructuring Cost and Reserve [Line Items]
Restructuring Costs and Asset Impairment Charges				$ 18,553	$ 29,666	$ 778
Asset impairment				4,734	29,666	138
Feed Ingredients [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Costs and Asset Impairment Charges				4,026	8,557	0
Asset impairment				2,900	8,600
Food Ingredients [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Costs and Asset Impairment Charges				14,527	21,109	0
Asset impairment				1,800	$ 18,400
Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Costs						$ 400
Employee Severance [Member] \| Feed Ingredients [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Costs and Asset Impairment Charges				100
Employee Severance [Member] \| Food Ingredients [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Costs and Asset Impairment Charges		$ 1,300		$ 5,400
Facility Closing
Restructuring Cost and Reserve [Line Items]
Asset impairment	$ 21,100		$ 8,600
Facility Closing \| Feed Ingredients [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Costs and Asset Impairment Charges		1,000
Asset impairment		$ 2,900
Restructuring and Related Cost, Number of Locations Closed or Transferred \| location		3		3
Facility Closing \| Food Ingredients [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Costs and Asset Impairment Charges		$ 100
Asset impairment		1,800
Facility Closing \| Food Ingredients [Member] \| UNITED STATES
Restructuring Cost and Reserve [Line Items]
Restructuring Costs and Asset Impairment Charges		$ 5,900

Concentration of Credit Risk (Details) - Customer Concentration Risk [Member] - Corporate Joint Venture	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022
Revenue Benchmark
Concentration Risk [Line Items]
Concentration Risk, Percentage	20.00%	17.00%	11.00%
Accounts Receivable
Concentration Risk [Line Items]
Concentration Risk, Percentage	22.00%	17.00%

Contingencies (Details) $ in Millions		1 Months Ended			12 Months Ended
Contingencies (Details) $ in Millions	Jun. 30, 2018 Party	Sep. 30, 2021 USD ($) mi	Nov. 30, 2019 USD ($)	Mar. 31, 2016 Party mi	Dec. 30, 2023 USD ($) contaminant	Dec. 31, 2022 USD ($)
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) Related to Litigation Settlement			$ 0.6
Insurance Environmental and Litigation Matters [Member]
Loss Contingencies [Line Items]
Reserves for insurance, environmental and litigation contingencies					$ 95.1	$ 92.1
Insurance Settlements Receivable, Noncurrent					36.0	$ 36.0
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) Related to Litigation Settlement			0.3
Plant, Two [Member]
Loss Contingencies [Line Items]
Gain (Loss) Related to 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

Business Segments (Narrative) (Details)
$ in Thousands

12 Months Ended

Dec. 30, 2023

USD ($)

segment

Dec. 31, 2022

USD ($)

Jan. 01, 2022

USD ($)

Segment Reporting Information [Line Items]

Number of Business Segments | segment

3

Capital expenditures for the year ended:

^[1]

$ 555,480

$ 391,309

$ 274,126

Capital assets

155,500

588,800

Fuel Ingredients [Member]

Segment Reporting Information [Line Items]

Capital expenditures for the year ended:

$ 39,053

$ 37,568

$ 26,078

[1]	Excludes capital assets acquired by acquisition in fiscal 2023 and fiscal 2022 of approximately $155.5 million and $588.8 million, respectively.

Business Segments (Details) - USD ($)
$ in Thousands

12 Months Ended

Dec. 30, 2023

Dec. 31, 2022

Jan. 01, 2022

Segment Reporting Information [Line Items]

Net sales

$ 6,788,080

$ 6,532,204

$ 4,741,369

Cost of sales and operating expenses

5,143,060

5,002,609

3,499,385

Loss/(gain) on sale of assets

7,421

4,494

958

Selling, general and administrative expenses

542,534

436,608

391,538

Restructuring Costs and Asset Impairment Charges

18,553

29,666

778

Depreciation and amortization

502,015

394,721

316,387

Acquisition and integration costs

13,884

16,372

1,396

Change in fair value of contingent consideration

(7,891)

0

Equity In net income of Diamond Green Diesel

366,380

372,346

351,627

Segment operating income/(loss)

949,726

1,029,068

884,470

Equity in net income of other unconsolidated subsidiaries

5,011

5,102

5,753

Total other expense

(234,780)

(140,452)

(68,827)

Income before income taxes

719,957

893,718

821,396

Total assets

11,061,084

9,202,370

Capital expenditures for the year ended:

^[1]

555,480

391,309

274,126

Capital assets

155,500

588,800

North America

Segment Reporting Information [Line Items]

Net sales

4,165,712

4,222,058

2,867,934

Europe

Segment Reporting Information [Line Items]

Net sales

1,691,449

1,769,973

1,521,031

China

Segment Reporting Information [Line Items]

Net sales

308,572

284,684

253,212

South America

Segment Reporting Information [Line Items]

Net sales

534,082

187,343

31,446

Feed Ingredients [Member]

Segment Reporting Information [Line Items]

Net sales

4,472,592

4,539,000

3,039,500

Cost of sales and operating expenses

3,385,859

3,473,506

2,206,248

Gross Margin

1,086,733

1,065,494

833,252

Loss/(gain) on sale of assets

814

(3,426)

(550)

Selling, general and administrative expenses

310,363

258,781

220,078

Restructuring Costs and Asset Impairment Charges

4,026

8,557

0

Depreciation and amortization

360,249

295,249

218,942

Acquisition and integration costs

0

Change in fair value of contingent consideration

(7,891)

Equity In net income of Diamond Green Diesel

0

Segment operating income/(loss)

419,172

506,333

394,782

Equity in net income of other unconsolidated subsidiaries

5,011

5,102

5,753

Segment income/(loss)

424,183

511,435

400,535

Total assets

4,702,593

4,866,351

Capital expenditures for the year ended:

413,831

270,157

187,445

Feed Ingredients [Member] | North America

Segment Reporting Information [Line Items]

Net sales

3,696,423

3,852,559

2,577,705

Feed Ingredients [Member] | Europe

Segment Reporting Information [Line Items]

Net sales

373,180

502,432

430,549

Feed Ingredients [Member] | China

Segment Reporting Information [Line Items]

Net sales

27,433

25,100

19,446

Feed Ingredients [Member] | South America

Segment Reporting Information [Line Items]

Net sales

362,657

146,682

0

Food Ingredients [Member]

Segment Reporting Information [Line Items]

Net sales

1,752,065

1,459,630

1,271,629

Cost of sales and operating expenses

1,310,581

1,102,250

979,232

Gross Margin

441,484

357,380

292,397

Loss/(gain) on sale of assets

(8,144)

(1,008)

(88)

Selling, general and administrative expenses

128,464

101,681

97,555

Restructuring Costs and Asset Impairment Charges

14,527

21,109

0

Depreciation and amortization

94,991

59,029

60,929

Acquisition and integration costs

0

Change in fair value of contingent consideration

0

Equity In net income of Diamond Green Diesel

0

Segment operating income/(loss)

211,646

176,569

134,001

Equity in net income of other unconsolidated subsidiaries

0

Segment income/(loss)

211,646

176,569

134,001

Total assets

2,646,702

1,251,473

Capital expenditures for the year ended:

92,704

72,301

54,799

Food Ingredients [Member] | North America

Segment Reporting Information [Line Items]

Net sales

469,289

369,499

286,852

Food Ingredients [Member] | Europe

Segment Reporting Information [Line Items]

Net sales

754,846

733,967

663,619

Food Ingredients [Member] | China

Segment Reporting Information [Line Items]

Net sales

281,139

259,584

233,766

Food Ingredients [Member] | South America

Segment Reporting Information [Line Items]

Net sales

171,425

40,661

31,446

Fuel Ingredients [Member]

Segment Reporting Information [Line Items]

Net sales

563,423

533,574

430,240

Cost of sales and operating expenses

446,620

426,853

313,905

Gross Margin

116,803

106,721

116,335

Loss/(gain) on sale of assets

(91)

(60)

(320)

Selling, general and administrative expenses

23,543

13,690

16,999

Restructuring Costs and Asset Impairment Charges

0

778

Depreciation and amortization

34,466

29,500

25,436

Acquisition and integration costs

0

Change in fair value of contingent consideration

0

Equity In net income of Diamond Green Diesel

366,380

372,346

351,627

Segment operating income/(loss)

425,265

435,937

425,069

Equity in net income of other unconsolidated subsidiaries

0

Segment income/(loss)

425,265

435,937

425,069

Total assets

2,589,145

2,307,199

Capital expenditures for the year ended:

39,053

37,568

26,078

Fuel Ingredients [Member] | North America

Segment Reporting Information [Line Items]

Net sales

0

3,377

Fuel Ingredients [Member] | Europe

Segment Reporting Information [Line Items]

Net sales

563,423

533,574

426,863

Fuel Ingredients [Member] | China

Segment Reporting Information [Line Items]

Net sales

0

Fuel Ingredients [Member] | South America

Segment Reporting Information [Line Items]

Net sales

0

Corporate Segment [Member]

Segment Reporting Information [Line Items]

Net sales

0

Cost of sales and operating expenses

0

Gross Margin

0

Loss/(gain) on sale of assets

0

Selling, general and administrative expenses

80,164

62,456

56,906

Restructuring Costs and Asset Impairment Charges

0

Depreciation and amortization

12,309

10,943

11,080

Acquisition and integration costs

13,884

16,372

1,396

Change in fair value of contingent consideration

0

Equity In net income of Diamond Green Diesel

0

Segment operating income/(loss)

(106,357)

(89,771)

(69,382)

Equity in net income of other unconsolidated subsidiaries

0

Segment income/(loss)

(106,357)

(89,771)

(69,382)

Total assets

1,122,644

777,347

Capital expenditures for the year ended:

9,892

11,283

5,804

Operating Segments [Member]

Segment Reporting Information [Line Items]

Net sales

6,788,080

6,532,204

4,741,369

Cost of sales and operating expenses

5,143,060

5,002,609

3,499,385

Gross Margin

1,645,020

1,529,595

1,241,984

Loss/(gain) on sale of assets

(7,421)

(4,494)

(958)

Selling, general and administrative expenses

542,534

436,608

391,538

Restructuring Costs and Asset Impairment Charges

18,553

29,666

778

Depreciation and amortization

502,015

394,721

316,387

Acquisition and integration costs

13,884

16,372

1,396

Change in fair value of contingent consideration

(7,891)

Equity In net income of Diamond Green Diesel

366,380

372,346

351,627

Segment operating income/(loss)

949,726

1,029,068

884,470

Equity in net income of other unconsolidated subsidiaries

5,011

5,102

5,753

Segment income/(loss)

954,737

1,034,170

$ 890,223

Total assets

$ 11,061,084

$ 9,202,370

[1]	Excludes capital assets acquired by acquisition in fiscal 2023 and fiscal 2022 of approximately $155.5 million and $588.8 million, respectively.

Business Segments - Long Lived Assets (Details) - USD ($) $ in Thousands	Dec. 30, 2023	Dec. 31, 2022
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-Lived Assets	$ 9,205,418	$ 7,564,273
North America
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-Lived Assets	5,667,606	5,229,906
Europe
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-Lived Assets	1,329,466	1,276,333
China
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-Lived Assets	116,698	120,801
South America
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-Lived Assets	2,072,840	920,827
Other
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-Lived Assets	$ 18,808	$ 16,406

Revenue (Details) $ in Millions	12 Months Ended
Revenue (Details) $ in Millions	Dec. 30, 2023 USD ($) source	Dec. 31, 2022 USD ($)	Jan. 01, 2022 USD ($)
Revenue from Contract with Customer [Abstract]
Number of Revenue Sources \| source	2
Revenue recognized \| $	$ 171.1	$ 168.4	$ 95.3

Revenue Disaggregation of revenues (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022
Disaggregation of Revenue [Line Items]
Net sales	$ 6,788,080	$ 6,532,204	$ 4,741,369
North America
Disaggregation of Revenue [Line Items]
Net sales	4,165,712	4,222,058	2,867,934
Europe
Disaggregation of Revenue [Line Items]
Net sales	1,691,449	1,769,973	1,521,031
China
Disaggregation of Revenue [Line Items]
Net sales	308,572	284,684	253,212
South America
Disaggregation of Revenue [Line Items]
Net sales	534,082	187,343	31,446
Other Geographical Areas [Member]
Disaggregation of Revenue [Line Items]
Net sales	88,265	68,146	67,746
Fats [Member]
Disaggregation of Revenue [Line Items]
Net sales	1,904,079	2,156,857	1,380,796
Used Cooking Oil [Member]
Disaggregation of Revenue [Line Items]
Net sales	497,657	519,119	319,145
Proteins [Member]
Disaggregation of Revenue [Line Items]
Net sales	1,672,027	1,476,553	1,022,694
Bakery [Member]
Disaggregation of Revenue [Line Items]
Net sales	255,214	333,442	287,424
Other Rendering [Member]
Disaggregation of Revenue [Line Items]
Net sales	243,525	200,945	173,405
Food Ingredients, Products and Services [Member]
Disaggregation of Revenue [Line Items]
Net sales	1,476,875	1,121,995	961,617
Bioenergy [Member]
Disaggregation of Revenue [Line Items]
Net sales	563,423	533,574	426,863
Biofuels [Member]
Disaggregation of Revenue [Line Items]
Net sales		0	3,377
Other, Products And Services [Member]
Disaggregation of Revenue [Line Items]
Net sales	175,280	189,719	166,048
Food Ingredients [Member]
Disaggregation of Revenue [Line Items]
Net sales	1,752,065	1,459,630	1,271,629
Food Ingredients [Member] \| North America
Disaggregation of Revenue [Line Items]
Net sales	469,289	369,499	286,852
Food Ingredients [Member] \| Europe
Disaggregation of Revenue [Line Items]
Net sales	754,846	733,967	663,619
Food Ingredients [Member] \| China
Disaggregation of Revenue [Line Items]
Net sales	281,139	259,584	233,766
Food Ingredients [Member] \| South America
Disaggregation of Revenue [Line Items]
Net sales	171,425	40,661	31,446
Food Ingredients [Member] \| Other Geographical Areas [Member]
Disaggregation of Revenue [Line Items]
Net sales	75,366	55,919	55,946
Food Ingredients [Member] \| Fats [Member]
Disaggregation of Revenue [Line Items]
Net sales	164,730	205,674	182,674
Food Ingredients [Member] \| Used Cooking Oil [Member]
Disaggregation of Revenue [Line Items]
Net sales	0	0	0
Food Ingredients [Member] \| Proteins [Member]
Disaggregation of Revenue [Line Items]
Net sales	0	0	0
Food Ingredients [Member] \| Bakery [Member]
Disaggregation of Revenue [Line Items]
Net sales	0	0	0
Food Ingredients [Member] \| Other Rendering [Member]
Disaggregation of Revenue [Line Items]
Net sales	0	0	0
Food Ingredients [Member] \| Food Ingredients, Products and Services [Member]
Disaggregation of Revenue [Line Items]
Net sales	1,476,875	1,121,995	961,617
Food Ingredients [Member] \| Bioenergy [Member]
Disaggregation of Revenue [Line Items]
Net sales	0	0	0
Food Ingredients [Member] \| Biofuels [Member]
Disaggregation of Revenue [Line Items]
Net sales		0	0
Food Ingredients [Member] \| Other, Products And Services [Member]
Disaggregation of Revenue [Line Items]
Net sales	110,460	131,961	127,338
Fuel Ingredients [Member]
Disaggregation of Revenue [Line Items]
Net sales	563,423	533,574	430,240
Fuel Ingredients [Member] \| North America
Disaggregation of Revenue [Line Items]
Net sales	0	0	3,377
Fuel Ingredients [Member] \| Europe
Disaggregation of Revenue [Line Items]
Net sales	563,423	533,574	426,863
Fuel Ingredients [Member] \| China
Disaggregation of Revenue [Line Items]
Net sales	0	0	0
Fuel Ingredients [Member] \| South America
Disaggregation of Revenue [Line Items]
Net sales	0	0	0
Fuel Ingredients [Member] \| Other Geographical Areas [Member]
Disaggregation of Revenue [Line Items]
Net sales	0	0	0
Fuel Ingredients [Member] \| Fats [Member]
Disaggregation of Revenue [Line Items]
Net sales	0	0	0
Fuel Ingredients [Member] \| Used Cooking Oil [Member]
Disaggregation of Revenue [Line Items]
Net sales	0	0	0
Fuel Ingredients [Member] \| Proteins [Member]
Disaggregation of Revenue [Line Items]
Net sales	0	0	0
Fuel Ingredients [Member] \| Bakery [Member]
Disaggregation of Revenue [Line Items]
Net sales	0	0	0
Fuel Ingredients [Member] \| Other Rendering [Member]
Disaggregation of Revenue [Line Items]
Net sales	0	0	0
Fuel Ingredients [Member] \| Food Ingredients, Products and Services [Member]
Disaggregation of Revenue [Line Items]
Net sales	0	0	0
Fuel Ingredients [Member] \| Bioenergy [Member]
Disaggregation of Revenue [Line Items]
Net sales	563,423	533,574	426,863
Fuel Ingredients [Member] \| Biofuels [Member]
Disaggregation of Revenue [Line Items]
Net sales		0	3,377
Fuel Ingredients [Member] \| Other, Products And Services [Member]
Disaggregation of Revenue [Line Items]
Net sales	0	0	0
Feed Ingredients [Member]
Disaggregation of Revenue [Line Items]
Net sales	4,472,592	4,539,000	3,039,500
Feed Ingredients [Member] \| North America
Disaggregation of Revenue [Line Items]
Net sales	3,696,423	3,852,559	2,577,705
Feed Ingredients [Member] \| Europe
Disaggregation of Revenue [Line Items]
Net sales	373,180	502,432	430,549
Feed Ingredients [Member] \| China
Disaggregation of Revenue [Line Items]
Net sales	27,433	25,100	19,446
Feed Ingredients [Member] \| South America
Disaggregation of Revenue [Line Items]
Net sales	362,657	146,682	0
Feed Ingredients [Member] \| Other Geographical Areas [Member]
Disaggregation of Revenue [Line Items]
Net sales	12,899	12,227	11,800
Feed Ingredients [Member] \| Fats [Member]
Disaggregation of Revenue [Line Items]
Net sales	1,739,349	1,951,183	1,198,122
Feed Ingredients [Member] \| Used Cooking Oil [Member]
Disaggregation of Revenue [Line Items]
Net sales	497,657	519,119	319,145
Feed Ingredients [Member] \| Proteins [Member]
Disaggregation of Revenue [Line Items]
Net sales	1,672,027	1,476,553	1,022,694
Feed Ingredients [Member] \| Bakery [Member]
Disaggregation of Revenue [Line Items]
Net sales	255,214	333,442	287,424
Feed Ingredients [Member] \| Other Rendering [Member]
Disaggregation of Revenue [Line Items]
Net sales	243,525	200,945	173,405
Feed Ingredients [Member] \| Food Ingredients, Products and Services [Member]
Disaggregation of Revenue [Line Items]
Net sales	0	0	0
Feed Ingredients [Member] \| Bioenergy [Member]
Disaggregation of Revenue [Line Items]
Net sales	0	0	0
Feed Ingredients [Member] \| Biofuels [Member]
Disaggregation of Revenue [Line Items]
Net sales		0	0
Feed Ingredients [Member] \| Other, Products And Services [Member]
Disaggregation of Revenue [Line Items]
Net sales	$ 64,820	$ 57,758	$ 38,710

Revenue Long-Term Performance Obligations (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022
Revenue from Contract with Customer [Abstract]
Revenue recognized	$ 171.1	$ 168.4	$ 95.3
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-12-31
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Expected timing of satisfaction	4 years
Remaining performance obligation	$ 798.9

Related Party Transactions (Details)				1 Months Ended	12 Months Ended
Related Party Transactions (Details)	Jun. 15, 2023 USD ($)	Apr. 01, 2021 USD ($) agreement	May 01, 2019 USD ($)	Jan. 31, 2024 USD ($)	Dec. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)	Jan. 01, 2022 USD ($)	Feb. 25, 2020 USD ($) agreement
Related Party Transaction [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax					$ 6,788,080,000	$ 6,532,204,000	$ 4,741,369,000
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					1,300,000,000	1,100,000,000	521,700,000
Accounts receivable					172,300,000	116,900,000
Related Party, Sales Eliminated					79,400,000	62,800,000	24,000,000
Deferred Revenue, Additions					16,100,000	15,800,000	6,000,000
Revolving Credit Facility [Member] \| Revolving Loan Agreement [Member]
Related Party Transaction [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 200,000,000		$ 50,000,000
Line of Credit Facility, Fair Value of Amount Outstanding					0	25,000,000
Line of Credit Facility, Amount Borrowed					50,000,000
Interest Expense, Long-term Debt					600,000	$ 600,000	$ 100,000
Revolving Credit Facility [Member] \| Revolving Loan Agreement [Member] \| Subsequent Event [Member]
Related Party Transaction [Line Items]
Line of Credit Facility, Amount Borrowed				$ 200,000,000
Lender One [Member] \| Revolving Credit Facility [Member] \| Revolving Loan Agreement [Member]
Related Party Transaction [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 100,000,000		$ 25,000,000
Line of Credit Facility, Amount Borrowed					$ 25,000,000
Lender One [Member] \| Revolving Credit Facility [Member] \| Revolving Loan Agreement [Member] \| Subsequent Event [Member]
Related Party Transaction [Line Items]
Line of Credit Facility, Amount Borrowed				$ 100,000,000
LIBO Rate [Member] \| Revolving Credit Facility [Member] \| Revolving Loan Agreement [Member]
Related Party Transaction [Line Items]
Debt instrument, basis spread on variable rate			2.50%
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate \| Revolving Credit Facility [Member] \| Revolving Loan Agreement [Member]
Related Party Transaction [Line Items]
Debt instrument, basis spread on variable rate	2.50%

Cash Flow Information (Details) - USD ($) $ in Thousands	12 Months Ended
Cash Flow Information (Details) - USD ($) $ in Thousands	Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022
Nonmonetary Transactions [Abstract]
Change in accrued capital expenditures	$ 2,222	$ 9,558	$ 6,585
Interest, net of capitalized interest	261,321	113,362	58,449
Income taxes, net of refunds	152,670	113,013	46,399
Operating lease right of use asset obtained in exchange for new lease liabilities	79,462	70,269	56,642
Debt issued for assets	$ 3,827	$ 6,103	$ 126