DARLING INGREDIENTS INC., 10-K filed on 2/25/2025
Annual Report
v3.25.0.1
Cover - USD ($)
12 Months Ended
Dec. 28, 2024
Feb. 20, 2025
Jun. 29, 2024
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 --12-28    
Entity Filer Category Large Accelerated Filer    
Document Type 10-K    
Document Period End Date Dec. 28, 2024    
Document Fiscal Year Focus 2024    
Document Fiscal Period Focus FY    
Amendment Flag false    
Entity Small Business false    
Entity Emerging Growth Company false    
Entity Shell Company false    
Entity Public Float     $ 5,781,898,000
Entity Common Stock, Shares Outstanding   158,873,042  
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 2025 Annual Meeting of stockholders are incorporated by reference into Part III of this Annual Report.
   
ICFR Auditor Attestation Flag true    
Auditor Name KPMG LLP    
Auditor Location Dallas, Texas    
Auditor Firm ID 185    
Document Financial Statement Error Correction [Flag] false    
v3.25.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 28, 2024
Dec. 30, 2023
Current assets:    
Cash and cash equivalents $ 75,973 $ 126,502
Restricted cash 37,579 292
Inventories 576,837 758,739
Prepaid expenses 81,286 105,657
Income taxes refundable 35,063 23,599
Other current assets 42,114 42,586
Total current assets 1,439,436 1,855,666
Property, plant and equipment, net 2,713,669 2,935,185
Intangible assets, net 898,412 1,075,892
Goodwill 2,322,593 2,484,502
Investment in unconsolidated subsidiaries 2,263,709 2,251,629
Operating right-of-use assets, net 210,692 205,539
Other assets 199,594 234,960
Deferred income taxes 22,368 17,711
Total assets 10,070,473 11,061,084
Current liabilities:    
Current portion of long-term debt 133,020 60,703
Accounts payable, principally trade 348,705 425,588
Income taxes payable 9,723 15,522
Operating lease liability, current 62,761 55,325
Accrued expenses 489,295 440,999
Total current liabilities 1,043,504 998,137
Long-term debt, net of current portion 3,908,978 4,366,370
Operating lease liability, non-current 152,327 154,903
Other noncurrent liabilities 208,350 349,809
Deferred income taxes 293,022 498,174
Total liabilities 5,606,181 6,367,393
Commitments and contingencies
Stockholders’ equity:    
Common stock, $0.01 par value; 250,000,000 shares authorized, 174,965,834 and 174,427,981 shares issued at December 28, 2024 and December 30, 2023, respectively 1,750 1,744
Additional paid-in capital 1,720,877 1,697,787
Treasury stock, at cost; 16,068,364 and 14,894,192 shares at December 28, 2024 and December 30, 2023, respectively (672,710) (629,008)
Accumulated other comprehensive loss (684,241) (198,346)
Retained earnings 4,012,134 3,733,254
Total Darling's stockholders’ equity 4,377,810 4,605,431
Noncontrolling interests 86,482 88,260
Total stockholders’ equity 4,464,292 4,693,691
Total liabilities and stockholders' equity 10,070,473 11,061,084
Nonrelated Party    
Current assets:    
Accounts receivable 581,108 626,008
Related Party    
Current assets:    
Accounts receivable $ 9,476 $ 172,283
v3.25.0.1
Consolidated Balance Sheets (Parentheticals) - USD ($)
$ in Thousands
Dec. 28, 2024
Dec. 30, 2023
Assets [Abstract]    
Accounts Receivable, Allowance for Credit Loss, Current $ 16,166 $ 15,208
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) 174,965,834 174,427,981
Treasury stock (in shares) 16,068,364 14,894,192
v3.25.0.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Dec. 31, 2022
Total net sales $ 5,715,175 $ 6,788,080 $ 6,532,204
Costs and expenses:      
Cost of sales and operating expenses 4,437,337 5,143,060 5,002,609
Gain on sale of assets (4,157) (7,421) (4,494)
Selling, general and administrative expenses 492,105 542,534 436,608
Restructuring Costs and Asset Impairment Charges 5,794 18,553 29,666
Depreciation and amortization 503,825 502,015 394,721
Acquisition and integration costs 7,842 13,884 16,372
Change in fair value of contingent consideration (46,706) (7,891) 0
Total costs and expenses 5,396,040 6,204,734 5,875,482
Equity In net income of Diamond Green Diesel 149,082 366,380 372,346
Operating income 468,217 949,726 1,029,068
Other expense:      
Interest expense (253,858) (259,223) (125,566)
Foreign currency gain/(loss) (1,154) 8,133 (11,277)
Other income/(expense), net 22,309 16,310 (3,609)
Total other expense (232,703) (234,780) (140,452)
Equity in net income of other unconsolidated subsidiaries 11,994 5,011 5,102
Income before income taxes 247,508 719,957 893,718
Income tax expense/(benefit) (38,337) 59,568 146,626
Net income 285,845 660,389 747,092
Net income attributable to noncontrolling interests (6,965) (12,663) (9,402)
Net income attributable to Darling $ 278,880 $ 647,726 $ 737,690
Net income per share:      
Basic (in dollars per share) $ 1.75 $ 4.05 $ 4.58
Diluted (in dollars per share) $ 1.73 $ 3.99 $ 4.49
Nonrelated Party      
Total net sales $ 4,746,292 $ 5,460,259 $ 5,390,707
Related Party      
Total net sales $ 968,883 $ 1,327,821 $ 1,141,497
v3.25.0.1
Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Dec. 31, 2022
Net income $ 285,845 $ 660,389 $ 747,092
Other comprehensive income (Loss), net of tax:      
Foreign currency translation (415,142) 139,651 (87,856)
Pension adjustments 2,809 2,284 8,966
Total other comprehensive income/(loss), net of tax (483,888) 182,489 (65,258)
Total comprehensive income/(loss) (198,043) 842,878 681,834
Comprehensive income attributable to noncontrolling interests 8,972 9,624 6,328
Comprehensive income/(loss) attributable to Darling (207,015) 833,254 675,506
Commodity derivative adjustments      
Other comprehensive income (Loss), net of tax:      
Derivative adjustments (33,102) 33,813 1,428
Foreign exchange derivative adjustments      
Other comprehensive income (Loss), net of tax:      
Derivative adjustments (39,746) 3,732 12,204
Interest rate swap derivative adjustments      
Other comprehensive income (Loss), net of tax:      
Derivative adjustments $ 1,293 $ 3,009 $ 0
v3.25.0.1
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. 01, 2022     160,792,004                            
Stockholders' Equity, Beginning 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                  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                  
Net income 285,845 278,880         278,880 6,965                  
Distribution of noncontrolling interest earnings (10,750)             (10,750)                  
Pension adjustments, net of tax 2,809 2,809       2,809                      
Derivative adjustments                 $ (33,102) $ (33,102) $ (33,102) $ (39,746) $ (39,746) $ (39,746) $ 1,293 $ 1,293 $ 1,293
Foreign currency translation adjustments (415,142) (417,149)       (417,149)   2,007                  
Stock Issued During Period, Value, Restricted Stock Award, Gross 185 185   185                          
Stock-based compensation 20,733 20,733   20,733                          
Treasury stock (in shares)     (1,174,172)                            
Treasury stock (43,702) (43,702)     (43,702)                        
Issuance of common stock (in shares)     537,853                            
Issuance of common stock 2,178 2,178 $ 6 2,172                          
Balance (in shares) at Dec. 28, 2024     158,897,470                            
Stockholders' Equity, Ending Balance at Dec. 28, 2024 $ 4,464,292 $ 4,377,810 $ 1,750 $ 1,720,877 $ (672,710) $ (684,241) $ 4,012,134 $ 86,482                  
v3.25.0.1
Consolidated Statements of Stockholders’ Equity (Parenthetical) - $ / shares
Dec. 28, 2024
Dec. 30, 2023
Statement of Stockholders' Equity [Abstract]    
Common stock, par value (in usd per share) $ 0.01 $ 0.01
v3.25.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net income $ 285,845 $ 660,389 $ 747,092
     Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 503,825 502,015 394,721
Deferred income taxes (186,390) (22,241) 46,734
Gain on sale of assets (4,157) (7,421) (4,494)
Asset impairment 0 4,734 29,666
Change in fair value of contingent consideration (46,706) (7,891) 0
Gain on insurance proceeds from insurance settlement (19,021) (14,014) 0
Increase/(Decrease) in long-term pension liability 200 (1,040) (7,037)
Stock-based compensation expense 20,918 33,156 25,005
Write-off deferred loan costs 0 653 0
Deferred loan cost amortization 5,620 6,216 4,984
Equity in net income of Diamond Green Diesel and other unconsolidated subsidiaries (161,076) (371,391) (377,448)
Distributions of earnings from Diamond Green Diesel and other unconsolidated subsidiaries 184,915 168,277 95,546
          Changes in operating assets and liabilities, net                    of effects from acquisitions:      
Accounts receivable 179,835 (10,832) (56,543)
Income taxes refundable/payable (17,340) (39,933) (3,495)
Inventories and prepaid expenses 163,783 49,582 (130,170)
Accounts payable and accrued expenses (17,881) (82,939) 65,936
Other (53,081) 31,943 (16,758)
Net cash provided by operating activities 839,289 899,263 813,739
Cash flows from investing activities:      
Capital expenditures (332,465) (555,480) (391,309)
Acquisitions, net of cash acquired (116,712) (1,093,183) (1,772,437)
Investment in Diamond Green Diesel (90,000) (75,000) (264,750)
Investment in other unconsolidated subsidiaries (27) (27) 0
Loan to Diamond Green Diesel (100,000) 0 (50,000)
Loan repayment from Diamond Green Diesel 100,000 25,000 50,000
Gross proceeds from sale of property, plant and equipment and other assets 21,301 10,748 13,442
Proceeds from insurance settlement 19,021 14,014 0
Payments related to routes and other intangibles (16) (1,524) (1,492)
Net cash used in investing activities (498,898) (1,675,452) (2,416,546)
Cash flows from financing activities:      
Proceeds from long-term debt 5,929 817,101 1,934,885
Payments on long-term debt (52,238) (319,367) (63,078)
Borrowings from revolving credit facility 1,437,501 2,666,360 1,873,795
Payments on revolving credit facility (1,779,455) (2,194,902) (1,897,280)
Net cash overdraft financing 41,454 (9,780) 24,069
Acquisition hold-back payments (157) (3,793) 0
Deferred loan costs 0 (9) (16,780)
Issuance of common stock 447 0 0
Repurchase of common stock (34,272) (52,941) (125,531)
Minimum withholding taxes paid on stock awards (7,987) (17,296) (46,944)
Distributions to noncontrolling interests (10,785) (9,081) (4,532)
Net cash provided/(used) in financing activities (399,563) 876,292 1,678,604
Effect of exchange rate changes on cash flows 12,029 14,179 5,299
Net increase/(decrease) in cash, cash equivalents and restricted cash (47,143) 114,282 81,096
Cash, cash equivalents and restricted cash at beginning of year 264,450 150,168 69,072
Cash, cash equivalents and restricted cash at end of year $ 217,307 $ 264,450 $ 150,168
v3.25.0.1
General
12 Months Ended
Dec. 28, 2024
General [Abstract]  
GENERAL GENERAL
(a)     NATURE OF OPERATIONS

Darling Ingredients Inc., a Delaware corporation (“Darling”, and together with its subsidiaries, the “Company” or “we”, “us” or “our”), is a global developer and producer of sustainable natural ingredients from edible and inedible bio-nutrients, creating a wide range of ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy and fertilizer industries.  The Company’s business operations are conducted through a global network of over 260 locations across five continents within three business segments, Feed Ingredients, Food Ingredients and Fuel Ingredients. Comparative segment revenues and related financial information are presented in Note 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 represent the outstanding ownership interest in the Company’s consolidated subsidiaries that are not owned by the Company. In the accompanying Consolidated Statements of Operations, the noncontrolling interest in net income of the consolidated subsidiaries is shown as an allocation of the Company’s net income and is presented separately as “Net income attributable to noncontrolling interests”. In the Company’s Consolidated Balance Sheets, noncontrolling interests represents the ownership interests in the Company consolidated subsidiaries' net assets held by parties other than the Company. These ownership interests are presented separately as “Noncontrolling interests” within “Stockholders’ Equity.” All intercompany balances and transactions have been eliminated in consolidation.

(2)     Business Combinations

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

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

(3)    Fiscal Year 

The Company has a 52/53 week fiscal year ending on the Saturday nearest December 31.  Fiscal years for the consolidated financial statements included herein are for the 52 weeks ended December 28, 2024, the 52 weeks ended December 30, 2023, and the 52 weeks ended December 31, 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 Statements of Cash Flows. In addition, the Company has bank overdrafts, which are considered a form of short-term financing with changes in the related balance reflected in financing activities in the Consolidated Statements of Cash Flows. Restricted cash shown on the Consolidated Balance Sheet as of December 28, 2024, primarily represents the current portion of acquisition consideration hold-back amounts that are part of the purchase price set aside in escrow in the Company’s name for possible indemnification claims by the Company, which amounts will be paid to the sellers in the future if no claims arise. Restricted cash as of December 30, 2023, 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 28, 2024 and December 30, 2023, primarily represents the long-term acquisition consideration hold-back amounts that are part of the purchase price set aside in escrow in the Company’s name for possible indemnification claims by the Company, which amounts will be paid to the sellers in the future if no claims arise. A reconciliation of cash, cash equivalents, and restricted cash reported within the Consolidated Balance Sheets that sum to the total of same such amounts shown in the Consolidated Statements of Cash flows is as follows (in thousands):

December 28, 2024December 30, 2023
Cash and cash equivalents$75,973 $126,502 
Restricted cash37,579 292 
Restricted cash included in other long-term assets103,755 137,656 
Total cash, cash equivalents and restricted cash shown in the statement of cash flows$217,307 $264,450 

(5)     Accounts Receivable and Allowance for Credit Losses

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

The Company has entered into agreements with third-party banks to factor certain of the Company’s trade receivables in order to enhance working capital by turning trade receivables into cash faster. Under these agreements, the Company will sell certain selected customers trade receivables to the third-party banks without recourse for cash less a nominal fee. For the years ended December 28, 2024, December 30, 2023 and December 31, 2022, the Company sold approximately $560.5 million, $532.6 million and $582.0 million, respectively of its trade receivables and incurred approximately $8.1 million, $7.5 million and $4.0 million in fees, respectively.

(6)     Inventories

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

(7)     Long Lived Assets

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

        Intangible Assets
 
Intangible assets with indefinite lives, and therefore, not subject to amortization, consist of trade names acquired in the acquisition of Griffin Industries Inc. on December 17, 2010 (which was subsequently converted to a limited liability company) and its subsidiaries (“Griffin”) and trade names acquired in the acquisition of its Darling Ingredients International business on January 7, 2014. Intangible assets subject to amortization consist of: 1) collection routes which are made up of groups of suppliers of raw materials in similar geographic areas from which the Company derives collection fees and a dependable source of raw materials for processing into finished products; 2) customer relationships representing groups of collagen finished product customers in our food segment; 3) permits that represent licensing of operating plants that have been acquired, giving those plants the ability to operate; 4) non-compete agreements that represent contractual arrangements with former competitors whose businesses were acquired; 5) trade names; and 6) royalty, product development, 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. 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 other indefinite lived intangible assets are less than its carrying amount. The qualitative evaluation is an assessment of multiple factors, including the current operating environment, financial performance and market considerations. The Company may elect to bypass this qualitative assessment for some or all of its reporting units or other indefinite lived intangible assets and perform a quantitative test, based on management's judgment. If the Company chooses to bypass the qualitative assessment, it performs the quantitative approach to impairment testing by comparing the fair value of the Company’s reporting units to their respective carrying amounts and records an impairment charge for the amount by which the carrying amounts exceeds the fair value; however, the loss recognized, if any, will not exceed the total amount of goodwill allocated to that reporting unit. In fiscal 2024 and 2023, the Company performed a quantitative approach to valuing goodwill and indefinite-lived intangible assets at October 26, 2024 and October 28, 2023, respectively. Based on the Company’s annual impairment testing, we concluded the fair values of the Company’s reporting units containing goodwill and indefinite lived intangible assets exceeded the related carrying values. In fiscal 2022, the Company performed a qualitative impairment analysis for its annual goodwill and indefinite-lived
intangible assets at October 29, 2022. Based on the Company’s annual impairment testing at October 29, 2022, 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 $2.3 billion and $2.5 billion at December 28, 2024 and December 30, 2023, 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 measured at the present value of the unpaid lease payments at the lease commencement date. The lease liability is subsequently measured at amortized cost using the effective interest method. In determining the lease liability, the Company applies a discount rate to the minimum lease payments within each lease. ASC 842 requires the Company to use the rate of interest that a lessee would have to pay to borrow on a collateralized basis over a similar term an amount equal to the lease payments in a similar economic environment. To estimate the Company’s incremental borrowing rate over various terms, a comparable market yield curve consistent with the Company’s credit quality is determined. The lease term for all of the Company’s leases include the non-cancellable period of the lease plus any additional periods covered by either a Company option to extend the lease that the Company is reasonably certain to exercise or when a triggering event occurs. The Company has elected to not recognize a ROU asset and lease liability with an initial term of 12 months or less at lease commencement. Operating leases are included on the Company’s balance sheet as a ROU asset, current operating lease liabilities and long-term operating lease liabilities. For finance leases, the lease liability is initially measured in the same manner and date as for the operating leases, and is subsequently measured at amortized cost using the effective interest method. Finance leases are included in property, plant and equipment, current portion of long-term debt and long-term debt, net of current portion, but are not significant to the Company.

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

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

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

(11)    Environmental Expenditures

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

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

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

(13)    Earnings per Share

Basic income per common share is computed by dividing net income attributable to Darling by the weighted average number of common shares including non-vested and restricted shares with participation rights outstanding during the period.  Diluted income per common share is computed by dividing net income attributable to Darling by the weighted average number of common shares outstanding during the period increased by dilutive common equivalent shares determined using the treasury stock method.
Net Income per Common Share (in thousands, except per share data)
 December 28,December 30,December 31,
 202420232022
 IncomeSharesPer-ShareIncomeSharesPer-ShareIncomeSharesPer-Share
Basic: 
Net income attributable to Darling$278,880 159,513$1.75 $647,726 159,861$4.05 $737,690 161,000$4.58 
Diluted: 
Effect of dilutive securities 
Add: Option shares in the money and dilutive effect of nonvested stock
— 2,932— — 3,314— — 3,831— 
Less: Pro-forma treasury shares— (1,027)— — (788)— — (710)— 
Diluted: 
Net income attributable to Darling$278,880 161,418$1.73 $647,726 162,387$3.99 $737,690 164,121$4.49 

There were no outstanding stock options excluded in fiscal 2024, 2023 and 2022 from diluted income per common share as the effect was antidilutive.  For fiscal 2024, 2023 and 2022, respectively, 403,615, 311,919 and 266,246 shares of non-vested stock were excluded from diluted income per common share as the effect was antidilutive.

(14)    Stock Based Compensation

The Company recognizes compensation expense ratably over the vesting period in an amount equal to the fair value of the share-based payments (e.g., stock options and non-vested and restricted stock) granted to employees and non-employee directors or by incurring liabilities to an employee or other supplier (a) in amounts based, at least in part, on the price of the entity’s shares or other equity instruments, or (b) that require or may require settlement by issuing the entity’s equity shares or other equity instruments. The
Company’s policy is to account for forfeitures in the period they occur, rather than estimating a forfeiture rate. The Company does not reclassify excess tax benefits from operating activities to financing activities in the Consolidated Statements of Cash Flows. Additionally, the Company excludes the excess tax benefits from the assumed proceeds available to repurchase shares of common stock in the computation of the Company’s diluted earnings per share. The Company records tax benefit or expense within income tax expense/(benefit) for the year ended December 28, 2024, December 30, 2023 and December 31, 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 28, 2024, December 30, 2023 and December 31, 2022 was approximately $20.9 million, $33.2 million and $25.0 million, respectively, which is included in selling, general and administrative expenses, and the related income tax benefit recognized was approximately $2.0 million, $2.6 million and $1.7 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 other Middle Eastern conflicts 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 28, 2024, 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 and other Middle Eastern conflicts or inflation.

(16)    Out-of-Period Adjustment

During the quarter ended March 30, 2024, the Company determined the inventory balance at its recently acquired Gelnex subsidiary was overstated by approximately $25.1 million at December 30, 2023. The overstatement was the result of an error in calculating the elimination of deferred profit in inventory on intercompany product sales from South America.

The Company recorded an adjustment to earnings of approximately $17.9 million, net of tax. The Company assessed the impact of this out-of-period adjustment and concluded that it was not material to the financial statements previously issued for any interim or annual period during 2023, and the adjustment during the quarter ended March 30, 2024 is not material to the annual financial statements for fiscal 2024. The out-of-period adjustment is included in the Food Ingredients segment results.

(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 28, 2024, 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 has a limited liability company agreement with a wholly-owned subsidiary of Valero Energy Corporation (“Valero”) to form Diamond Green Diesel Holdings LLC (the “DGD Joint Venture”). The Company has related party sale transactions and loan transactions with the DGD Joint Venture.  See Note 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 $(417.1) million, $142.7 million and $(84.8) million in fiscal 2024, 2023 and 2022, respectively.
(22)    Reclassification

Certain prior year amounts have been reclassified to conform to the current year presentation. In the Consolidated Statement of Operations, previously reported amounts for total net sales have been separated into net sales to third parties and net sales to related party - Diamond Green Diesel. In addition, certain immaterial prior year amounts have been reclassified on the Statement of Cash Flows.

(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.
v3.25.0.1
Investment in Unconsolidated Subsidiary
12 Months Ended
Dec. 28, 2024
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, 2024December 31, 2023
Assets:
Cash$353,446 $236,794 
Total current assets1,137,821 1,640,636 
Property, plant and equipment, net3,868,943 3,838,800 
Other assets100,307 89,697 
Total assets$5,460,517 $5,805,927 
Liabilities and members' equity:
Revolver$— $250,000 
Total current portion of long term debt29,809 28,639 
Total other current liabilities319,688 417,918 
Total long term debt707,158 737,097 
Total other long term liabilities17,195 16,996 
Total members' equity4,386,667 4,355,277 
Total liabilities and member's equity$5,460,517 $5,805,927 

Year Ended December 31,
(in thousands)202420232022
Revenues:
Operating revenues$5,065,592 $6,990,622 $5,501,166 
Expenses:
Total costs and expenses less lower of cost or market inventory valuation adjustment and depreciation, amortization and accretion expense4,309,768 5,925,778 4,614,192 
Lower of cost or market (LCM) inventory valuation adjustment175,934 60,871 — 
Depreciation, amortization and accretion expense264,992 230,921 125,656 
Operating income314,898 773,052 761,318 
Other income22,114 10,317 3,170 
Interest and debt expense, net(38,673)(49,857)(19,796)
Income before income tax expense$298,339 $733,512 $744,692 
Income tax expense175 752 — 
Net income$298,164 $732,760 $744,692 

As of December 28, 2024, 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 $149.1 million, $366.4 million and $372.3 million in equity in net income of Diamond Green Diesel for the years ended December 28, 2024, December 30, 2023 and December 31, 2022, respectively. In December 2019, the blenders tax credit of $1.00 per gallon was extended for calendar years 2020, 2021 and 2022. On August
16, 2022, the U.S. government enacted the Inflation Reduction Act ( the “IR Act”). As part of the IR Act, the blenders tax credits were extended as is until December 31, 2024, a new Sustainable Aviation Fuel (“SAF”) blenders tax credit was introduced effective for 2023 and 2024, and a new Clean Fuels Production Credit (the “CFPC”) was created effective from 2025 through 2027. Under the IR Act, Section 40B, SAF, blended with Jet A and sold on or before December 31, 2024, receives a base credit of $1.25 per gallon plus $0.01 for each percentage point by which the lifecycle greenhouse gas (“GHG”) emissions reduction percentage exceeds 50% up to a maximum supplementary amount of $0.50. Under the CFPC, on-road transportation fuel receives a base credit of up to $1.00 per gallon of renewable diesel (adjusted for inflation each calendar year) multiplied by the fuel's emission reduction percentage as long as it is produced at a qualifying facility that meets the prevailing wage requirements and apprenticeship requirements before being sold in a ceratin manner. Similarly, neat SAF produced at a qualified facility that meets the apprenticeship and prevailing wage requirements, which is then sold for use in an aircraft, receives a base credit of $1.75 (adjusted for inflation each calendar year) multiplied by the GHG emissions factor for SAF. In contrast to the blenders tax credit, the CFPC requires that production must take place in the United States. In fiscal 2024, fiscal 2023 and fiscal 2022, the DGD Joint Venture recorded approximately $1.3 billion, $1.2 billion and $761.1 million, respectively, in blenders tax credits. The Company received approximately $179.8 million, $163.6 million and $90.5 million for each of the years ended December 28, 2024, December 30, 2023 and December 31, 2022, in dividend distributions from the DGD Joint Venture. In addition, during fiscal year 2024, 2023 and 2022, the Company made capital contributions to the DGD Joint Venture of approximately $90.0 million, $75.0 million and $264.8 million, respectively. In January 2025, the Company received approximately $87.4 million as a dividend distribution from the DGD Joint Venture.
In addition to the DGD Joint Venture, the Company has investments in other unconsolidated subsidiaries that are insignificant to the Company.
v3.25.0.1
Acquisitions
12 Months Ended
Dec. 28, 2024
Business Combinations [Abstract]  
ACQUISITIONS ACQUISITIONS
Miropasz Group

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

The amount of net sales and net income from the Miropasz Acquisition included in the Company’s Consolidated Statement of Operations for the year ended December 28, 2024 were $88.1 million and $6.8 million, respectively.

Gelnex

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

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

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

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

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 at the time of acquisition, will supplement the Company’s global supply of waste fats, making it 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 of R$5.16:USD$1.00 on the closing date) 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 analysis as of the acquisition date for this contingency and recorded a
liability of approximately R$428.2 million (approximately $83.0 million USD at the exchange rate in effect on the closing date of the acquisition) representing the present value of the contingency utilizing assistance from external valuation experts and the use of a Monte Carlo model representing the probability weighted present value of the expected payment to be made under the agreement using the income approach. The Company analyzes the contingent consideration liability using a Monte Carlo model each quarter and any change in fair value is recorded through operating income as changes in fair value of contingent consideration.

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 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 following table summarizes the final fair value of the assets acquired and the liabilities assumed in the FASA Acquisition as of August 1, 2022 (in thousands):

Accounts receivable$76,640 
Inventories43,058 
Other current assets33,327 
Property, plant and equipment224,384 
Identifiable intangible assets119,477 
Goodwill301,937 
Operating lease right-of-use assets583 
Other assets62,388 
Deferred tax asset2,315 
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-back21,705 
Less contingent consideration82,984 
Cash paid for acquisition, net of cash acquired$525,743 

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.

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 
Inventories58,246 
Other current assets13,825 
Property, plant and equipment409,405 
Identifiable intangible assets389,200 
Goodwill358,298 
Operating lease right-of-use assets16,380 
Other assets14,164 
Deferred tax asset1,075 
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 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.

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 2, 2022 for the periods presented (unaudited) (in thousands):

Twelve Months Ended
December 30, 2023December 31, 2022
Net sales6,886,347 $7,469,216 
Net income663,168 739,501 
The Company notes that pro forma results of operations for the Miropasz Acquisition and 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 $7.8 million, $13.9 million and $16.4 million for the twelve months ended December 28, 2024, December 30, 2023 and December 31, 2022, respectively, primarily related to the above disclosed acquisitions.

Additionally, the Company made other immaterial acquisitions in fiscal 2024 and fiscal 2022.
v3.25.0.1
Inventories
12 Months Ended
Dec. 28, 2024
Inventory Disclosure [Abstract]  
INVENTORIES INVENTORIES
A summary of inventories follows (in thousands):

        
 December 28, 2024December 30, 2023
Finished product$335,116 $448,245 
Work in process92,762 110,299 
Raw material38,117 68,188 
Supplies and other110,842 132,007 
 $576,837 $758,739 

The Company’s work in process represents inventory in the Food Ingredients segment that is in various stages of processing.
v3.25.0.1
Property, Plant and Equipment
12 Months Ended
Dec. 28, 2024
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT PROPERTY, PLANT AND EQUIPMENT
A summary of property, plant and equipment follows (in thousands):
        
 December 28, 2024December 30, 2023
Land$203,511 $217,113 
Buildings and improvements1,023,697 1,033,243 
Machinery and equipment3,097,409 3,021,329 
Vehicles517,858 520,897 
Aircraft10,313 15,609 
Construction in process440,651 487,336 
5,293,439 5,295,527 
Accumulated depreciation(2,579,770)(2,360,342)
$2,713,669 $2,935,185 
Depreciation expense for the three years ended December 28, 2024, December 30, 2023 and December 31, 2022, was approximately $391.6 million, $377.2 million and $306.0 million, respectively.
v3.25.0.1
Intangbile assets
12 Months Ended
Dec. 28, 2024
INTANGIBLE ASSETS [Abstract]  
INTANGIBLE ASSETS INTANGIBLE ASSETS
The gross carrying amount of intangible assets not subject to amortization and intangible assets subject to amortization is as follows (in thousands):
        
 December 28, 2024December 30, 2023
Indefinite Lived Intangible Assets  
Trade names$51,050 $52,507 
 51,050 52,507 
Finite Lived Intangible Assets:  
Collection routes714,801 746,868 
Customer relationships278,920 359,111 
Permits316,038 559,483 
Non-compete agreements60 395 
Trade names82,401 85,561 
Royalty, product development, patents, consulting, land use rights and leasehold22,277 20,613 
 1,414,497 1,772,031 
Accumulated Amortization:
Collection routes(254,164)(241,960)
Customer relationships(44,476)(29,270)
Permits(189,500)(407,713)
Non-compete agreements(33)(345)
Trade names(72,549)(63,660)
Royalties, product development, patents, consulting, land use rights and leasehold(6,413)(5,698)
(567,135)(748,646)
Total Intangible assets, less accumulated amortization$898,412 $1,075,892 

Gross intangible collection routes, customer relationships, permits, trade names, non-compete agreements and other intangibles changed primarily due to acquisitions and retirements of approximately $28.2 million and $249.1 million, respectively, and the remaining change is due to foreign currency exchange impact. Amortization expense for the three years ended December 28, 2024, December 30, 2023 and December 31, 2022, was approximately $112.2 million, $124.8 million and $88.7 million, respectively. Amortization expense for the next five fiscal years is estimated to be $99.8 million, $93.9 million, $88.7 million, $87.4 million and $76.4 million.
v3.25.0.1
Goodwill
12 Months Ended
Dec. 28, 2024
GOODWILL [Abstract]  
GOODWILL GOODWILL
Changes in the carrying amount of goodwill (in thousands):
 Feed IngredientsFood IngredientsFuel IngredientsTotal
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 year3,247 626,202 — 629,449 
Measurement period adjustments(21,270)(74,484)(66)(95,820)
Out-of-period correction(85,144)— — (85,144)
Foreign currency translation33,548 28,182 3,910 65,640 
Balance at December 30, 2023   
Goodwill1,487,236 900,707 147,223 2,535,166 
Accumulated impairment losses(15,914)(3,170)(31,580)(50,664)
 1,471,322 897,537 115,643 2,484,502 
Goodwill acquired during year62,802 — 4,114 66,916 
Measurement period adjustments— (9,147)— (9,147)
Foreign currency translation(96,361)(116,562)(6,755)(219,678)
Balance at December 28, 2024   
Goodwill1,453,677 774,998 144,582 2,373,257 
Accumulated impairment losses(15,914)(3,170)(31,580)(50,664)
 $1,437,763 $771,828 $113,002 $2,322,593 
The process of evaluating goodwill for impairment involves the determination of the fair value of the Company’s reporting units. In fiscal 2024 and 2023, the Company performed a quantitative approach to value the reporting units containing goodwill and indefinite-lived intangible assets at October 26, 2024 and October 28, 2023, respectively. Based on the Company’s annual impairment testing, we concluded the fair values of the Company’s reporting units containing goodwill exceeded the related carrying values. In fiscal 2022, the Company performed a qualitative impairment analysis for its annual goodwill and indefinite-lived intangible assets at October 29, 2022. Based on the Company’s annual impairment testing at October 29, 2022, 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.
v3.25.0.1
Accrued Expenses
12 Months Ended
Dec. 28, 2024
ACCRUED EXPENSES [Abstract]  
ACCRUED EXPENSES ACCRUED EXPENSES
Accrued expenses consist of the following (in thousands):         
 December 28, 2024December 30, 2023
Compensation and benefits
$139,011 $156,357 
Accrued operating expenses
73,239 86,278 
 Short-term acquisition hold-backs (Note 3)38,620 — 
 Short-term contingent consideration (Note 17)28,862 — 
Other accrued expense
209,563 198,364 
 $489,295 $440,999 
v3.25.0.1
Leases
12 Months Ended
Dec. 28, 2024
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 28, 2024December 30, 2023December 31, 2022
Operating lease expense$64,848 $56,078 $49,377 
Short-term lease costs36,363 36,762 31,133 
Total lease cost$101,211 $92,840 $80,510 

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

Year Ended
December 28, 2024December 30, 2023December 31, 2022
Cash paid for amounts included in the measurement lease liabilities:
Operating cash flows from operating leases$65,840 $58,924 $53,359 
Operating right-of-use assets, net$210,692 $205,539 
Operating lease liabilities, current$62,761 $55,325 
Operating lease liabilities, non-current152,327 154,903 
Total operating lease liabilities$215,088 $210,228 
Weighted average remaining lease term - operating leases5.74 years6.25 years
Weighted average discount rate - operating leases4.87 %4.59 %

Future annual minimum lease payments and finance lease commitments as of December 28, 2024 were as follows (in thousands):

Period Ending FiscalOperating LeasesFinance Leases
2025$67,252 $4,078 
202651,506 2,209 
202741,822 1,573 
202830,883 1,124 
202918,024 756 
Thereafter32,861 — 
Total undiscounted lease payments242,348 9,740 
Less amounts representing interest(27,260)(384)
Lease obligations included in current and long-term liabilities215,088 9,356 

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 28, 2024December 30, 2023December 31, 2022
Operating lease expense$64,848 $56,078 $49,377 
Short-term lease costs36,363 36,762 31,133 
Total lease cost$101,211 $92,840 $80,510 

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

Year Ended
December 28, 2024December 30, 2023December 31, 2022
Cash paid for amounts included in the measurement lease liabilities:
Operating cash flows from operating leases$65,840 $58,924 $53,359 
Operating right-of-use assets, net$210,692 $205,539 
Operating lease liabilities, current$62,761 $55,325 
Operating lease liabilities, non-current152,327 154,903 
Total operating lease liabilities$215,088 $210,228 
Weighted average remaining lease term - operating leases5.74 years6.25 years
Weighted average discount rate - operating leases4.87 %4.59 %

Future annual minimum lease payments and finance lease commitments as of December 28, 2024 were as follows (in thousands):

Period Ending FiscalOperating LeasesFinance Leases
2025$67,252 $4,078 
202651,506 2,209 
202741,822 1,573 
202830,883 1,124 
202918,024 756 
Thereafter32,861 — 
Total undiscounted lease payments242,348 9,740 
Less amounts representing interest(27,260)(384)
Lease obligations included in current and long-term liabilities215,088 9,356 

The Company’s finance lease assets are included in property, plant and equipment and the finance lease obligations are included in the Company’s current and long-term debt obligations on the Consolidated Balance Sheet.
v3.25.0.1
Debt
12 Months Ended
Dec. 28, 2024
Debt Disclosure [Abstract]  
Debt DEBT
Debt consists of the following (in thousands): 
        
December 28, 2024December 30, 2023
Amended Credit Agreement:  
Revolving Credit Facility (zero and $82.9 million denominated in € at December 28, 2024 and December 30, 2023, respectively)
$267,000 $610,875 
Term A-1 facility397,000 400,000 
Less unamortized deferred loan costs(366)(546)
Carrying value Term A-1 facility396,634 399,454 
Term A-2 facility471,875 481,250 
Less unamortized deferred loan costs(509)(771)
Carrying value Term A-2 facility471,366 480,479 
Term A-3 facility297,750 300,000 
Less unamortized deferred loan costs(560)(832)
Carrying value Term A-3 facility297,190 299,168 
Term A-4 facility481,250 490,625 
Less unamortized deferred loan costs(664)(1,002)
Carrying value Term A-4 facility480,586 489,623 
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(5,605)(6,441)
Carrying value 6% Senior Notes due 2030
994,395 993,559 
5.25% Senior Notes due 2027 with effective interest of 5.47%
500,000 500,000 
Less unamortized deferred loan costs(2,322)(3,249)
Carrying value 5.25% Senior Notes due 2027
497,678 496,751 
3.625% Senior Notes due 2026 - Denominated in euro with effective interest of 3.83%
536,733 569,075 
Less unamortized deferred loan costs - Denominated in euro(1,542)(2,763)
Carrying value 3.625% Senior Notes due 2026
535,191 566,312 
Other Notes and Obligations101,958 90,852 
4,041,998 4,427,073 
Less Current Maturities133,020 60,703 
$3,908,978 $4,366,370 

As of December 28, 2024, the Company had no outstanding debt under the revolving credit facility denominated in euros and €515.0 million outstanding debt under the Company’s 3.625% Senior Notes due 2026 denominated in euros. See below for discussion relating to the Company’s debt agreements. In addition, at December 28, 2024, the Company had finance lease obligations denominated in euros of approximately €5.5 million.

As of December 28, 2024, the Company had other notes and obligations of approximately $102.0 million that consist of various overdraft facilities of approximately $55.7 million, a China working capital line of credit of approximately $1.4 million, Brazilian notes of approximately $20.4 million and other debt of approximately $24.5 million, including U.S. finance lease obligations of approximately $3.1 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. The Amended Credit Agreement has been subsequently amended, the most recent of which was the Ninth Amendment on September 6, 2022. The Amended Credit Agreement provides for senior secured credit facilities in
the aggregate principal amount of $3.725 billion, which matures on December 9, 2026 and is 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 credit 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 credit 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 credit facility will equal (i) the adjusted term secured overnight financing rate (SOFR) for U.S. dollar borrowings or the adjusted euro interbank rate (EURIBOR) for euro borrowings or the adjusted daily simple Sterling overnight index average (SONIA) for British pound borrowings, in each case plus 1.75% per annum or (ii) the base rate or the adjusted term SOFR for a one-month interest period for U.S. dollar borrowings or the Canadian prime rate for Canadian dollar borrowings or the adjusted daily simple European short term rate (ESTR) for euro borrowings or the adjusted daily SONIA rate for British pound borrowings, in each case plus 0.75% per annum, and in each case of clauses (i) and (ii), subject to certain step-ups and step-downs based on the Company’s total leverage ratio. The interest rate applicable to any borrowing under the term A-1 facility and term A-3 facility will equal the adjusted term SOFR plus 1.875% per annum subject to certain step-ups and step-downs based on the Company’s total leverage ratio with a minimum of 1.50%. The interest rate applicable to any borrowing under the term A-2 facility and term A-4 facility will equal the adjusted term SOFR plus 1.75% per annum subject to certain step-ups and step-downs based on the Company’s total leverage ratio with a minimum of 1.00%.

As of December 28, 2024, the Company had (i) $267.0 million outstanding under the revolver at SOFR plus a margin of 1.75% per annum for a total of 6.18778% per annum, (ii) $397.0 million outstanding under the term A-1 facility at SOFR plus a margin of 1.875% per annum for a total of 6.54758% per annum, (iii) $471.9 million outstanding under the term A-2 facility at SOFR plus a margin of 1.75% per annum for a total of 6.42258% per annum, (iv) $297.8 million outstanding under the term A-3 facility at SOFR plus a margin 1.875% per annum for a total of 6.54758% per annum, and (v) $481.3 million outstanding under the term A-4 facility at SOFR plus a margin 1.75% per annum for a total of 6.42258% per annum. As of December 28, 2024, the Company had revolving credit facility availability of $1,159.6 million, taking into account amounts borrowed, ancillary facilities of $72.7 million and letters of credit issued of $0.7 million. The Company also has foreign bank guarantees of approximately $11.1 million that are not part of the Company’s Amended Credit Agreement at December 28, 2024.
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 pays interest on the 6% Notes on June 15 and December 15 of each year. Interest on the 6% Notes accrues at a rate of 6% per annum and is payable in cash. The 6% Notes are guaranteed by Darling and all of Darling’s restricted subsidiaries (other than foreign subsidiaries) that are borrowers under or that guarantee the Senior Secured Credit Facilities (collectively, the “6% Guarantors”). The 6% Notes and the guarantees thereof are senior unsecured obligations of Darling and the 6% Guarantors and rank equally in right of payment to all of Darling’s and the 6% Guarantors’ existing and future senior indebtedness. The 6% Indenture contains covenants limiting Darling's ability and the ability of its restricted subsidiaries to grant liens to secure indebtedness and merge with or into other companies or otherwise dispose of all or substantially all of Darling's assets. 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 a change of control, Darling is not required to make mandatory redemption or sinking fund payments on the 6% Notes. The 6% Notes are redeemable, in whole or in part, at any time on or after June 15, 2025 at the redemption prices specified in the 6% Indenture. Darling may redeem the 6% Notes in whole, but not in part, at any time prior to June 15, 2025, at a redemption price equal to 100% of the principal amount of the 6% Notes redeemed, plus an Applicable Premium as specified in the 6% Indenture.

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 pays interest on the 3.625% Notes on May 15 and November 15 of each year. Interest on the 3.625% Notes accrues at a rate of 3.625% per annum and is payable in cash. The 3.625% Notes are guaranteed 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 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; make loans or investment; grant liens to secure indebtedness; 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 a 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 became redeemable from May 15, 2023, in whole or in part, at any time at their face value.

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

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

As of December 28, 2024, the Company is in compliance with all of the financial covenants under the Amended Credit Agreement, and believes it is in compliance with all of the other covenants contained in the Amended Credit Agreement, the 6% Indenture, the 5.25% Indenture and the 3.625% Indenture.

Maturities of long-term debt at December 28, 2024 are as follows (in thousands):
 
Contractual
Debt Payment
2025$134,087 
20262,408,361 
2027503,272 
20282,729 
20292,520 
thereafter1,002,597 
$4,053,566 
v3.25.0.1
Other Noncurrent Liabilities
12 Months Ended
Dec. 28, 2024
OTHER NONCURRENT LIABILITIES [Abstract]  
OTHER NONCURRENT LIABILITIES OTHER NONCURRENT LIABILITIES
Other noncurrent liabilities consist of the following (in thousands):

 December 28, 2024December 30, 2023
Accrued pension liability (Note 15)$17,676 $20,721 
Reserve for self-insurance, litigation, environmental and tax matters (Note 20)80,757 83,416 
Long-term acquisition hold backs (Note 3)104,684 137,913 
Long-term contingent consideration (Note 17)— 86,495 
Other5,233 21,264 
 $208,350 $349,809 
v3.25.0.1
Income Taxes
12 Months Ended
Dec. 28, 2024
Income Tax Disclosure [Abstract]  
INCOME TAXES INCOME TAXES
U.S. and foreign income before income taxes are as follows (in thousands):
        
December 28, 2024December 30, 2023December 31, 2022
United States$(17,062)$399,378 $551,521 
Foreign264,570 320,579 342,197 
Income before income taxes$247,508 $719,957 $893,718 
Income tax expense/(benefit) attributable to income before income taxes consists of the following (in thousands):
         
December 28, 2024December 30, 2023December 31, 2022
Current:  
Federal$287 $1,574 $(206)
State1,956 1,336 2,288 
Foreign81,704 104,997 105,368 
Total current83,947 107,907 107,450 
Deferred:  
Federal(121,872)(22,868)35,290 
State(1,643)(28,511)18,150 
Foreign1,231 3,040 (14,264)
Total deferred(122,284)(48,339)39,176 
$(38,337)$59,568 $146,626 

Income tax expense/(benefit) for the years ended December 28, 2024, December 30, 2023 and December 31, 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 28, 2024December 30, 2023December 31, 2022
Computed "expected" tax expense$51,977 $151,191 $187,681 
Change in valuation allowance50,231 27,713 (3,241)
Non-deductible compensation expenses3,443 5,779 5,320 
Deferred tax on unremitted foreign earnings1,897 3,686 4,939 
Foreign rate differential13,817 16,607 17,628 
Withholding taxes(4,063)(4,696)(325)
Change in uncertain tax positions(2,594)(3,477)8,167 
State income taxes, net of federal benefit(9,786)(20,868)10,738 
Biofuel tax incentives(127,081)(125,006)(77,189)
Global intangible low taxed income1,882 14,943 5,745 
Change in contingent payment liability(16,029)(655)— 
Change in tax law— (5,890)(13)
Equity compensation windfall(341)(2,241)(13,441)
Other, net(1,690)2,482 617 
$(38,337)$59,568 $146,626 

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities at December 28, 2024 and December 30, 2023 are presented below (in thousands):
        
 December 28, 2024December 30, 2023
Deferred tax assets:  
Loss contingency reserves$14,099 $15,247 
Employee benefits13,715 15,466 
Pension liability3,307 3,193 
Interest expense carryforwards87,702 53,591 
Tax loss carryforwards417,119 291,910 
Tax credit carryforwards2,771 2,051 
Operating lease liabilities56,484 57,503 
Inventory9,705 17,013 
Accrued liabilities and other62,800 23,090 
Total gross deferred tax assets667,702 479,064 
Less valuation allowance(86,927)(40,063)
Net deferred tax assets580,775 439,001 
Deferred tax liabilities:
Intangible assets amortization, including tax deductible goodwill(256,453)(248,146)
Property, plant and equipment depreciation(192,280)(242,666)
Investment in DGD Joint Venture(316,993)(324,583)
Operating lease assets(55,221)(56,098)
Tax on unremitted foreign earnings(16,492)(18,139)
Other(13,990)(29,832)
Total gross deferred tax liabilities(851,429)(919,464)
Net deferred tax liability$(270,654)$(480,463)
Amounts reported on Consolidated Balance Sheets:
Non-current deferred tax asset$22,368 $17,711 
Non-current deferred tax liability(293,022)(498,174)
Net deferred tax liability$(270,654)$(480,463)
     
At December 28, 2024, the Company had net operating loss carryforwards for federal income tax purposes of approximately $1.4 billion which can be carried forward indefinitely. The Company had interest expense carryforwards of approximately $383.9 million and $141.5 million for federal and state income tax purposes, which may be carried forward indefinitely. The Company had approximately $583.0 million of net operating loss carryforwards for state income tax purposes, $430.8 million of which expire in 2025 through 2044 and $152.2 million of which can be carried forward indefinitely. The Company had foreign net operating loss carryforwards of approximately $273.6 million, $30.9 million of which expire in 2025 through 2038 and $242.7 million of which can be carried forward indefinitely. Also at December 28, 2024, the Company had U.S. federal and state tax credit carryforwards of approximately $2.4 million. As of December 28, 2024, the Company also had a valuation allowance of $86.9 million due to uncertainties in its ability to utilize certain of its state net operating loss and credit carryforwards, foreign net operating loss carryforwards and other foreign deferred tax assets.

At December 28, 2024, the Company had unrecognized tax benefits of approximately $10.8 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 28, 2024, interest and penalties related to unrecognized tax benefits were $2.2 million.

A reconciliation of the beginning and ending amounts of unrecognized tax benefits is as follows (in thousands):
December 28, 2024December 30, 2023
Balance at beginning of Year$13,872 $17,842 
Change in tax positions related to current year(4,600)(1,883)
Change in tax positions related to prior years1,480 (1,986)
Change in tax positions due to settlement with tax authorities— — 
Expiration of the statute of limitations— (101)
Balance at end of year$10,752 $13,872 

In fiscal 2024, the Company’s major taxing jurisdictions are U.S. (federal and state), Belgium, Brazil, Canada, China, France, Germany, the Netherlands and Poland. The Company is subject to regular examination by various tax authorities. Although the final outcome of these examinations is not yet determinable, the Company does not anticipate that any of the examinations will have a significant impact on the Company’s results of operations or financial position. The statute of limitations for the Company’s major jurisdictions is open for varying periods, but is generally closed through the 2013 tax year.

The Company expects to have access to its offshore earnings with minimal to no additional U.S. tax impact. Therefore, the Company does not consider these earnings to be permanently reinvested offshore. As of December 28, 2024, a deferred tax liability of approximately $16.5 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 impact to our income tax provision or net deferred tax assets. The blender tax credits, which are refundable excise tax credits, expired on December 31, 2024. The CFPC, a transferable income tax credit, becomes effective from 2025 through 2027. We are currently assessing these tax incentives which could materially change 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 not expected that the U.S. will enact legislation to adopt Pillar 2, certain countries in which the Company operates have adopted Pillar 2 legislation or are in the process of introducing legislation to implement Pillar 2. Although the framework provides model rules for applying the minimum tax, countries may enact Pillar 2 differently than the model rules and on different timelines and may adjust their domestic tax incentives in response to Pillar 2. Since the Company does not have significant operations in foreign jurisdictions with tax rates below the 15% minimum, Pillar 2 did not have a material impact in 2024; however, we are evaluating the potential consequences of Pillar 2 on our longer-term financial position.
v3.25.0.1
Stockholders' Equity and Stock-Based Compensation
12 Months Ended
Dec. 28, 2024
Stockholders' Equity and Stock-Based Compensation [Abstract]  
STOCKHOLDERS' EQUITY AND STOCK-BASED COMPENSATION STOCKHOLDERS' EQUITY AND STOCK-BASED COMPENSATION
The Company’s Board of Directors approved a share repurchase program in August 2017, which was refreshed on June 21, 2024 up to an aggregate of $500.0 million of the Company’s Common Stock depending on market conditions and extended to August 13, 2026. During fiscal 2024, fiscal 2023 and fiscal 2022, the Company repurchased approximately $34.3 million, $52.9 million and $125.5 million, including commissions, of its common stock in the open market, respectively. As of December 28, 2024, the Company has approximately $494.9 million remaining under the share repurchase program.

On May 9, 2017, the shareholders approved the Company’s 2017 Omnibus Incentive Plan (the “2017 Omnibus Plan”).  The 2017 Omnibus Plan replaced the Company’s 2012 Omnibus Incentive Plan (the “2012 Omnibus Plan”) for future grants. Under the 2017 Omnibus Plan, the Company can grant stock options, stock appreciation rights, non-vested and restricted stock (including performance stock), restricted stock units (including performance units), other stock-based awards, non-employee director awards, dividend equivalents and cash-based awards.  Initially, there were up to 20,166,500 common shares available under the 2017 Omnibus Plan for grants to
participants in any plan year (as such term is defined in the 2017 Omnibus Plan).  Some of those shares have been issued pursuant to prior award agreements and some are subject to outstanding awards as detailed in the tables below.  To the extent these outstanding awards are forfeited or expire without exercise, the shares will be returned to and available for future grants under the 2017 Omnibus Plan.  The 2017 Omnibus Plan’s purpose is to attract, retain and motivate employees, directors and third-party service providers of the Company and to encourage them to have a financial interest in the Company.  The 2017 Omnibus Plan is administered by the Compensation Committee (the “Committee”) of the Board of Directors.  The Committee has the authority to select plan participants, grant awards, and determine the terms and conditions of such awards as provided in the 2017 Omnibus Plan.  For each of fiscal 2024, 2023 and 2022, 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 2024, 2023 and 2022 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 2024 LTIP PSU Awards”, “Fiscal 2023 LTIP PSU Awards” and “Fiscal 2022 LTIP PSU Awards” below for more information regarding the stock options, PSUs and RSUs granted and outstanding at December 28, 2024. At December 28, 2024, the number of common shares available for issuance under the 2017 Omnibus Plan was 6,252,517.

At December 28, 2024, $9.1 million of total future equity-based compensation expense (determined using the Black-Scholes option pricing model and Monte Carlo model for non-vested stock grants with performance based incentives) related to outstanding non-vested options and stock awards is expected to be recognized over a weighted average period of 1.2 years.
 
The following is a summary of stock-based compensation awards granted and/or outstanding during the years ended December 28, 2024, December 30, 2023 and December 31, 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 during fiscal 2022, 2023 and 2024, and outstanding as of the end of each such fiscal year is as follows:     
 Number of
shares
Weighted-avg.
exercise price
per share
Weighted-avg.
remaining
contractual life
Options outstanding at January 1, 20223,147,814 $17.43 5.2 years
Granted— — 
Exercised(386,460)18.84 
Forfeited(4,767)20.32 
Expired— — 
Options outstanding at December 31, 20222,756,587 17.23 4.3 years
Granted— — 
Exercised(223,000)20.43 
Forfeited(2,212)26.54 
Expired— — 
Options outstanding at December 30, 20232,531,375 16.94 3.3 years
Granted— —  
Exercised(119,651)18.20  
Forfeited(7,257)19.12  
Expired— —  
Options outstanding at December 28, 20242,404,467 $16.87 2.4 years
Options exercisable at December 28, 20242,404,467 $16.87 2.4 years
 
For the year ended December 28, 2024, the amount of cash received from the exercise of options was approximately $0.4 million and the related tax benefit was approximately $0.7 million. 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, respectively and the related tax benefit was approximately $1.2 million and $3.7 million, respectively. The total intrinsic value of options exercised for the years ended December 28, 2024, December 30, 2023 and December 31, 2022 was approximately $2.8 million, $9.5 million and $21.7 million, respectively.  The fair value of shares vested for the years ended December 28, 2024, December 30, 2023 and December 31, 2022 was approximately $20.7 million, $33.0 million and $24.8 million, respectively.  At December 28, 2024, the aggregate intrinsic value of options outstanding was approximately $39.9 million and the aggregate intrinsic value of options exercisable was approximately $39.9 million.

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

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

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

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.
A summary of the Company’s non-vested stock and RSU award activity during fiscal 2022, 2023 and 2024, and outstanding as of the end of each such fiscal year, is as follows:

 Non-Vested, and RSU
Shares
Weighted Average
Grant Date
Fair Value
Stock awards outstanding January 1, 202287,934 $56.93 
Shares granted124,416 70.67 
Shares vested(35,337)58.23 
Shares forfeited(6,764)66.67 
Stock awards outstanding December 31, 2022170,249 66.31 
Shares granted168,924 61.73 
Shares vested(70,251)65.03 
Shares forfeited(3,270)62.55 
Stock awards outstanding December 30, 2023265,652 63.78 
Shares granted162,913 49.01 
Shares vested(131,600)63.45 
Shares forfeited(2,847)43.72 
Stock awards outstanding December 28, 2024294,118 $55.94 

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

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

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, relative to the average ROGI of the Company’s performance peer group companies, and the Company’s TSR relative to the TSR of the Company’s performance peer group companies, with all calculations being done in accordance with the terms of the award agreement, and with the earned award to be determined in the first quarter of fiscal 2025, after the final results for the relevant performance period are determined.

Under the 2024 LTIP, 2023 LTIP and 2022 LTIP, PSUs were granted at target level; however, actual awards may vary between 0% and 225% of the target number of PSUs, depending on the performance level achieved. In addition, the number of PSUs earned may be reduced (up to 30%) or increased (capped at the maximum payout) based on the Company’s TSR over the performance period.

A summary of the Company’s LTIP PSU award activity during fiscal 2022, 2023 and 2024, and outstanding as of the end of each such fiscal year, is as follows:
    
 LTIP PSU
Shares
Weighted Average
Grant Date
Fair Value
LTIP PSU awards outstanding January 1, 20221,399,178 $20.82 
Granted115,615 75.13 
Additional PSU awards vested from performance367,746 21.50 
Stock issued for PSUs(1,429,198)15.87 
Forfeited(14,035)57.54 
LTIP PSU awards outstanding December 31, 2022439,306 $50.58 
Granted186,918 66.67 
Additional PSU awards vested from performance263,221 31.80 
Stock issued for PSUs(473,824)31.80 
Forfeited(11,078)67.60 
LTIP PSU awards outstanding December 30, 2023404,543 $67.33 
Granted244,376 53.43 
Additional PSU awards vested from performance142,600 61.12 
Stock issued for PSUs(257,918)61.14 
Forfeited(9,316)65.62 
LTIP PSU awards outstanding December 28, 2024524,285 $62.24 

The fair value of each PSU award under the Company’s 2024 LTIP, 2023 LTIP and 2022 LTIP was estimated on the date of grant using a Monte Carlo model with the following weighted average assumptions for fiscal 2024, fiscal 2023 and fiscal 2022.
                
Weighted Average202420232022
Expected dividend yield0.0%0.0%0.0%
Risk-free interest rate4.03%4.13%1.04%
Expected term3.00 years2.98 years3.00 years
Expected volatility41.9%49.6%44.1%

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 2024 and fiscal 2023, each non-employee director received $150,000 of restricted stock units, while during fiscal 2022, 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 award activity during fiscal 2022, 2023 and 2024, and outstanding as of the end of each such fiscal year, is as follows:        
 Director RSUs and Director DSUs
Shares
Weighted Average
Grant Date
Fair Value
Stock awards outstanding January 1, 2022186,175 $22.43 
Shares granted22,759 73.03 
Shares where the restriction lapsed— — 
Shares forfeited— — 
Stock awards outstanding December 31, 2022208,934 27.94 
Shares granted30,676 59.36 
Shares where the restriction lapsed(70,475)24.69 
Shares forfeited(1,007)61.01 
Stock awards outstanding December 30, 2023168,128 34.84 
Shares granted38,027 44.62 
Shares where the restriction lapsed(31,351)28.46 
Shares forfeited(2,640)44.52 
Stock awards outstanding December 28, 2024172,164 $38.01 
v3.25.0.1
Comprehensive Income
12 Months Ended
Dec. 28, 2024
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 2024, fiscal 2023 and fiscal 2022, 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 28, 2024, December 30, 2023 and December 31, 2022 are as follows (in thousands):


Before-TaxTax (Expense)Net-of-Tax
Amountor BenefitAmount
Year Ended December 31, 2022
Defined Benefit Pension Plans
Actuarial gain/(loss) recognized$9,884 $(2,645)$7,239 
Amortization of actuarial gain/(loss)2,235 (584)1,651 
Amortization of prior service costs22 (5)17 
Amortization of settlement(22)(17)
Special termination benefits recognized38 (10)28 
Other48 — 48 
Total defined benefit pension plans12,205 (3,239)8,966 
Soybean meal option derivatives
Reclassified to earnings(521)132 (389)
Activity recognized in other comprehensive income (loss)975 (247)728 
Total soybean meal derivatives454 (115)339 
Heating oil swap derivatives at DGD
Activity recognized in other comprehensive income (loss)(3,294)836 (2,458)
Total heating oil derivatives(3,294)836 (2,458)
Corn option derivatives
Reclassified to earnings15,408 (3,914)11,494 
Activity recognized in other comprehensive income (loss)(10,653)2,706 (7,947)
Total corn options4,755 (1,208)3,547 
Foreign exchange derivatives
Reclassified to earnings(14,549)4,737 (9,812)
Activity recognized in other comprehensive income (loss)32,644 (10,628)22,016 
Total foreign exchange derivatives18,095 (5,891)12,204 
Foreign currency translation(89,686)1,830 (87,856)
Other comprehensive income/(loss)$(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)
Other12 — 12 
Total defined benefit pension plans3,347 (1,063)2,284 
Soybean meal option derivatives
Reclassified to earnings(627)159 (468)
Activity recognized in other comprehensive income (loss)(3)(2)
Total soybean meal derivatives(630)160 (470)
Heating oil swap derivatives at DGD
Activity recognized in other comprehensive income (loss)45,268 (11,053)34,215 
Total heating oil derivatives45,268 (11,053)34,215 
Corn option derivatives
Reclassified to earnings(1,537)390 (1,147)
Activity recognized in other comprehensive income (loss)1,627 (412)1,215 
Total corn options90 (22)68 
Interest swap derivatives
Reclassified to earnings(1,843)448 (1,395)
Activity recognized in other comprehensive income (loss)5,818 (1,414)4,404 
Total interest swap derivatives3,975 (966)3,009 
Foreign exchange derivatives
Reclassified to earnings(34,491)11,822 (22,669)
Activity recognized in other comprehensive income (loss)40,170 (13,769)26,401 
Total foreign exchange derivatives5,679 (1,947)3,732 
Foreign currency translation140,618 (967)139,651 
Other comprehensive income/(loss)$198,347 $(15,858)$182,489 
Year Ended December 28, 2024
Defined Benefit Pension Plans
Actuarial gain/(loss) recognized$2,323 $(568)$1,755 
Amortization of actuarial gain/(loss)1,367 (326)1,041 
Amortization of prior service costs23 (3)20 
Amortization of settlement(10)(7)
Total defined benefit pension plans3,703 (894)2,809 
Soybean meal option derivatives
Reclassified to earnings(33)(25)
Activity recognized in other comprehensive income (loss)— — — 
Total soybean meal derivatives(33)(25)
Heating oil swap derivatives at DGD
Activity recognized in other comprehensive income (loss)(43,567)10,587 (32,980)
Total heating oil derivatives(43,567)10,587 (32,980)
Corn option derivatives
Reclassified to earnings(947)230 (717)
Activity recognized in other comprehensive income (loss)819 (199)620 
Total corn options(128)31 (97)
Interest swap derivatives
Reclassified to earnings(49,334)11,988 (37,346)
Activity recognized in other comprehensive income (loss)51,042 (12,403)38,639 
Total interest swap derivatives1,708 (415)1,293 
Foreign exchange derivatives
Reclassified to earnings980 (332)648 
Activity recognized in other comprehensive income (loss)(61,120)20,726 (40,394)
Total foreign exchange derivatives(60,140)20,394 (39,746)
Foreign currency translation(417,537)2,395 (415,142)
Other comprehensive income/(loss)$(515,994)$32,106 $(483,888)
Fiscal Year Ended
December 28, 2024December 30, 2023December 31, 2022Statement of Operations Classification
Derivative instruments
Soybean meal option derivatives$33 $627 $521 Total net sales
Foreign exchange derivatives(980)34,491 14,549 Total net sales
Corn option derivatives947 1,537 (15,408)Cost of sales and operating expenses
Interest rate swap derivatives49,334 1,843 — Foreign currency gain/(loss) and interest expense
49,334 38,498 (338)Total before tax
(11,894)(12,819)(955)Income taxes
37,440 25,679 (1,293)Net of tax
Defined benefit pension plans
Amortization of prior service cost$(23)$$(22)(a)
Amortization of actuarial loss(1,367)(1,725)(2,235)(a)
Amortization of settlement10 58 22 (a)
Special termination benefits recognized— — (38)(a)
(1,380)(1,666)(2,273)Total before tax
326 413 594 Income taxes
(1,054)(1,253)(1,679)Net of tax
Total reclassifications$36,386 $24,426 $(2,972)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 28, 2024 as follows (in thousands):

Fiscal Year Ended December 28, 2024
Foreign CurrencyDerivativeDefined Benefit
TranslationInstrumentsPension PlansTotal
Accumulated Other Comprehensive income/(loss) December 30, 2023, attributable to Darling, net of tax$(231,678)$47,730 $(14,398)$(198,346)
Other comprehensive income before reclassifications(415,142)(34,115)1,755 (447,502)
Amounts reclassified from accumulated other comprehensive income/(loss)— (37,440)1,054 (36,386)
Net current-period other comprehensive income/(loss)(415,142)(71,555)2,809 (483,888)
Noncontrolling interest2,007 — — 2,007 
Accumulated Other Comprehensive income/(loss) December 28, 2024, attributable to Darling, net of tax$(648,827)$(23,825)$(11,589)$(684,241)
v3.25.0.1
Employee Benefit Plans
12 Months Ended
Dec. 28, 2024
Employee Benefit Plans [Abstract]  
EMPLOYEE BENEFIT PLANS EMPLOYEE BENEFIT PLANS
The Company has retirement and pension plans covering a substantial number of its domestic and foreign employees. Most retirement benefits are provided by the Company under separate final-pay noncontributory and contributory defined benefit and defined contribution plans for all salaried and hourly employees (excluding those covered by union-sponsored plans) who meet service and age requirements. Although various defined benefit formulas exist for employees, generally these are based on length of service and earnings patterns during employment. Effective January 1, 2012, the Company’s Board of Directors authorized the Company to proceed with the restructuring of its domestic retirement benefit program to include the closing of Darling’s domestic salaried and hourly defined benefit plans to new participants as well as the freezing of service and wage accruals thereunder effective December 31, 2011 (a curtailment of these plans for financial reporting purposes) and the enhancing of benefits under the Company’s domestic defined contribution plans. 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 2024, 2023 and 2022 were approximately $15.4 million, $17.6 million and $10.1 million, respectively. The Company’s matching portion and annual employer contributions to the Company’s foreign defined contribution plans for fiscal 2024, 2023 and 2022 were approximately $9.4 million, $10.2 million and $8.6 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, 2024 and December 31, 2023) (in thousands):

    
 December 28,
2024
December 30,
2023
Change in projected benefit obligation:  
Projected benefit obligation at beginning of period$172,354 $167,546 
Plan acquisition82 — 
Service cost3,171 2,714 
Interest cost7,640 7,836 
Employee contributions353 340 
Plan combinations1,715 — 
Actuarial (gain)/loss(4,736)3,662 
Benefits paid(10,068)(9,962)
Effect of settlement(1,614)(1,138)
Other (gain)/loss(3,592)1,356 
Projected benefit obligation at end of period165,305 172,354 
Change in plan assets:  
Fair value of plan assets at beginning of period155,412 147,766 
Actual return on plan assets4,853 13,312 
Employer contributions3,671 4,254 
Employee contributions353 340 
Plan combinations1,747 — 
Benefits paid(10,068)(9,962)
Effect of settlement(1,614)(1,138)
Other gain/(loss)(2,656)840 
Fair value of plan assets at end of period151,698 155,412 
Funded status(13,607)(16,942)
Net amount recognized$(13,607)$(16,942)
Amounts recognized in the consolidated balance
   sheets consist of:
  
Noncurrent assets$5,348 $4,928 
Current liability(1,279)(1,149)
Noncurrent liability(17,676)(20,721)
Net amount recognized$(13,607)$(16,942)
Amounts recognized in accumulated other
   comprehensive loss consist of:
  
Net actuarial loss$16,212 $19,432 
Prior service cost(983)(501)
Net amount recognized  (a)$15,229 $18,931 

(a) Amounts do not include deferred taxes of $3.6 million and $4.5 million at December 28, 2024 and December 30, 2023, respectively.

The amounts included in “Other” in the above table reflect the impact of foreign currency exchange translation for plans in Brazil, Belgium, Canada, France, Germany, Japan, Netherlands, Poland and United Kingdom. The
Company’s domestic pension plan benefits comprise approximately 67% and 69% of the projected benefit obligation for fiscal 2024 and fiscal 2023, respectively. Additionally, the Company has made required and tax deductible discretionary contributions to its domestic pension plans in fiscal 2024 and fiscal 2023 of approximately $0.4 million and $0.2 million, respectively. The Company made required tax deductible discretionary contributions to its foreign pension plans in fiscal 2024 and fiscal 2023 of approximately $3.3 million and $4.1 million, respectively.

A significant component of the overall decrease in the Company’s benefit obligation for the fiscal year ended December 31, 2024 was from the change in the Company's actuarial gain in the weighted-average discount rates at the measurement dates, which increased from 4.62% at December 31, 2023 to 4.84% at December 31, 2024.

Information for pension plans with accumulated benefit obligations in excess of plan assets is as follows (in thousands):
    
 December 28,
2024
December 30,
2023
Projected benefit obligation$43,258 $110,719 
Accumulated benefit obligation40,661 108,262 
Fair value of plan assets24,412 88,939 

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 28,
2024
December 30,
2023
December 31,
2022
Service cost$3,171 $2,714 $3,149 
Interest cost7,640 7,836 5,231 
Expected return on plan assets(7,228)(7,958)(8,604)
Net amortization and deferral1,390 1,724 2,257 
Settlement(10)(58)(22)
Special termination benefit recognized— — 38 
Net pension cost$4,963 $4,258 $2,049 
Weighted average assumptions used to determine benefit obligations were:
    
 December 28,
2024
December 30,
2023
December 31,
2022
Discount rate4.84%4.62%4.82%
Rate of compensation increase0.61%0.61%0.55%

Weighted average assumptions used to determine net periodic benefit cost for the employee benefit pension plans were:
        
 December 28,
2024
December 30,
2023
December 31,
2022
Discount rate3.55%4.26%0.68%
Rate of increase in future compensation levels0.57%0.57%0.51%
Expected long-term rate of return on assets5.30%5.72%4.75%

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 31% equity and 69% fixed income with equity exposure on a declining trend since the implementation of the dynamic asset allocation glide path (the “Glide Path”) for the U.S. plans, the Company believes it is reasonable to expect a long-term rate of return of 5.9% 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 2.3%.
 
The investment objectives have been established in conjunction with a comprehensive review of the current and projected financial requirements. The primary investment objectives are: 1) to have the ability to pay all benefit and expense obligations when due; 2) to maximize investment returns within reasonable and prudent levels of risk in order to minimize contributions; and 3) to maintain flexibility in determining the future level of contributions.

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

The investment guidelines are based upon an investment horizon of greater than ten years; therefore, interim fluctuations are viewed with this perspective. The strategic asset allocation is based on this long-term perspective and the plans' funded status. However, because the participants’ average age is somewhat older than the typical average plan age, consideration is given to retaining some short-term liquidity. Analysis of the cash flow projections of the plans indicates that benefit payments will continue to exceed contributions. The results of a thorough asset-liability study completed during 2012 established the Glide Path by which the U.S. plans’ asset allocations 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):
TotalQuoted Prices in
Active Markets for
Identical Assets
Significant Other
Observable
Inputs
Significant
Unobservable
Inputs
(In thousands of dollars)Fair Value(Level 1)(Level 2)(Level 3)
Balances as of December 30, 2023    
Fixed Income:    
Long Term$91,921 $91,921 $— $— 
Short Term3,374 3,374 — — 
Equity Securities:    
Domestic equities22,429 22,429 — — 
International equities19,011 19,011 — — 
Insurance contracts18,677 — 16,659 2,018 
Totals$155,412 $136,735 $16,659 $2,018 
Balances as of December 28, 2024    
Fixed Income:    
Long Term$91,016 $91,016 $— $— 
Short Term2,905 2,905 — — 
Equity Securities:    
Domestic equities19,290 19,290 — — 
International equities17,727 17,727 — — 
Insurance contracts20,760 — 18,777 1,983 
Totals$151,698 $130,938 $18,777 $1,983 

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 majority of the foreign pension assets are held under insurance contracts where the investment risk for the accumulated benefit obligation rests with the insurer, which the Company has no specific detailed asset information.

The fair value measurement of plan assets using significant unobservable inputs (level 3) changed due to the following:
Insurance
(in thousands of dollars)Contracts
Balance as of December 31, 2022$1,743 
Unrealized gains (losses) relating to instruments still held in the reporting period.209 
Purchases, sales, and settlements— 
Exchange rate changes66 
Balance as of December 30, 20232,018 
Unrealized gains (losses) relating to instruments still held in the reporting period.83 
Purchases, sales, and settlements— 
Exchange rate changes(118)
Balance as of December 28, 2024$1,983 
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 $3.8 million to meet funding requirements for its domestic and foreign pension plans in fiscal 2025.
 
Estimated Future Benefit Payments

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

Year EndingPension Benefits
2025$14,156 
202611,833 
202713,250 
202813,043 
202913,375 
Years 2030 – 203461,865 

Multiemployer Pension Plans

The Company participates in various multiemployer pension plans which provide defined benefits to certain employees covered by labor contracts in the United States.  These plans are not administered by the Company and contributions are determined in accordance with provisions of negotiated labor contracts to meet their pension benefit obligations to their participants. The FASB issued guidance requiring companies to provide additional disclosures related to individually significant multiemployer pension plans. The Company’s contributions to each individual multiemployer plan represent less than 5% of the total contributions to each such plan. Based on the most currently available information, the Company has determined that, if a withdrawal were to occur, withdrawal liabilities on two of the plans in which the Company currently participates could be material to the Company. The following table provides more detail on these significant multiemployer plans (contributions in thousands):
PensionEIN PensionPension Protection Act Zone StatusFIP/RP Status Pending/ContributionsExpiration Date of Collective Bargaining
FundPlan Number20242023Implemented202420232022Agreement
Western Conference of Teamsters Pension Plan91-6145047 / 001GreenGreenNo$1,465 $1,443 $1,516 December 2028 (b)
Central States, Southeast and Southwest Areas Pension Plan (a)36-6044243 / 001GreenGreenYes513 714 899 December 2026 (c)
All other multiemployer plans1,626 1,476 1,035 
Total Company Contributions$3,604 $3,633 $3,450 

(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 December 31, 2028.

(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 December 15, 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, $3.6 million and $3.5 million for the years ended December 28, 2024, December 30, 2023 and December 31, 2022, respectively.

The Company has withdrawal liabilities recorded on four U.S. multiemployer plans in which it participated. As of December 28, 2024, the Company has an aggregate accrued liability of approximately $4.4 million representing the present value of scheduled withdrawal liability payments on the remaining multiemployer plans that have given notices of withdrawals. While the Company has no ability to calculate a possible current liability for under-funded multiemployer plans that could terminate or could require additional funding under the Pension Protection Act of 2006, the amounts could be material.
v3.25.0.1
Derivatives
12 Months Ended
Dec. 28, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
DERIVATIVES DERIVATIVES
The Company’s operations are exposed to market risks relating to commodity prices that affect the Company’s cost of raw materials, finished product prices and energy costs and the risk of changes in interest rates and foreign currency exchange rates. The Company makes limited use of derivative instruments to manage cash flow risks related to natural gas usage, diesel fuel usage, inventory, forecasted sales and foreign currency exchange rates. The Company does not use derivative instruments for trading purposes.    

At December 28, 2024, the Company had foreign currency options and forward contracts, interest rate swaps and corn options and forward contracts outstanding that qualified and were designated for hedge accounting as well as corn options and 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 28, 2024, the aggregate fair value of these interest rate swaps was approximately $4.2 million. These amounts are included in other current assets, other assets, accrued expenses and noncurrent liabilities on the balance sheet, with an offset recorded in accumulated other comprehensive loss. 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 loss associated with the interest rate differential between the U.S. dollar and euro to interest expense. At December 28, 2024, the aggregate fair value of these cross currency swaps was approximately $22.2 million. These amounts are included in other current assets on the balance sheet, with an offset recorded in accumulated other comprehensive loss. 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 2024, fiscal 2023 and fiscal 2022, the Company entered into foreign exchange option and forward contracts that are considered cash flow hedges. Under the terms of the foreign exchange contracts, the Company hedged a portion of its forecasted sales in currencies other than the functional currency through the fourth quarter of fiscal 2026. At December 28, 2024, the aggregate fair value of these foreign exchange contracts was approximately $32.6 million. These amounts are included in other assets, accrued expenses and noncurrent liabilities on the balance sheet, with an offset recorded in accumulated other comprehensive loss. At December 30, 2023, the aggregate fair value of these foreign exchange contracts was approximately $15.9 million, respectively.
These amounts are included in other current assets and accrued expenses on the balance sheet, with an offset recorded in accumulated other comprehensive loss.

In fiscal 2024, the Company entered into corn option and forward contracts that are considered cash flow hedges. Under the terms of the corn option and forward contracts the Company hedged a portion of its forecasted sales of BBP through the second quarter of fiscal 2025. At December 28, 2024 and December 30, 2023, the aggregate fair value of the corn contracts was approximately $0.1 million and zero, respectively. These amounts are included in other current assets and accrued expenses on the balance sheet.

The Company may enter into soybean meal forward contracts, natural gas swap contracts and heating oil swap and option contracts from time to time. There were no open designated soybean meal forward, natural gas swap or heating oil swap and option contracts entered into by the Company at December 28, 2024 and December 30, 2023, respectively.

At December 28, 2024, the Company had the following outstanding forward contract amounts that were entered into to hedge the future payments of intercompany note transactions, foreign currency transactions in currencies other than the functional currency and forecasted transactions in currencies other than the functional currency (in thousands):
Functional CurrencyContract Currency
TypeAmountTypeAmount
Brazilian real515,922 Euro80,054 
Brazilian real2,864,438 U.S. Dollar506,181 
Euro37,123 U.S. Dollar39,104 
Euro87,275 Polish zloty373,446 
Euro10,875 Japanese yen1,753,983 
Euro25,413 Chinese renminbi195,569 
Euro18,141 Australian dollar29,770 
Euro4,075 British pound3,384 
Polish zloty47,915 Euro11,211 
Polish zloty469 U.S. dollar116 
British pound346 Euro416 
British pound247 U.S. dollar312 
Japanese yen23,557 U.S. dollar154 
U.S. dollar71 Japanese yen10,807 
U.S. dollar562,340 Euro519,182 
Australian dollar478 U.S. dollar305 

The above foreign currency contracts had an aggregate fair value of approximately $14.3 million and are included in other current assets, accrued expenses and noncurrent liabilities at December 28, 2024.

The Company estimates the amount that will be reclassified from accumulated other comprehensive loss at December 28, 2024 into earnings over the next 12 months will be approximately $36.6 million. As of December 28, 2024, 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 28, 2024, December 30, 2023 and December 31, 2022 (in thousands):
Loss or (Gain) Recognized in Income on Derivatives Not Designated as Hedges
For The Year Ended
Derivatives not designated as hedging instruments
LocationDecember 28, 2024December 30, 2023December 31, 2022
Foreign exchangeForeign currency loss/(gain)$(3,466)$(2,031)$42,690 
Foreign exchangeTotal net sales966 (1,789)(1,108)
Foreign exchange
Cost of sales and operating expenses
(270)(294)(949)
Foreign exchange
Selling, general and administrative expense
16,908 (7,109)(4,200)
Corn options and futuresNet sales652 1,945 (2,092)
Corn options and futures
Cost of sales and operating expenses
(1,295)(3,085)5,447 
Heating oil swaps and options
Selling, general and administrative expense
— 49 122 
Soybean meal
Total net sales— 282 (1,730)
Total$13,495 $(12,032)$38,180 

At December 28, 2024, the Company had forward purchase agreements in place for purchases of approximately $128.7 million of natural gas and diesel fuel.  The Company intends to take physical delivery of the commodities under the forward purchase agreements and accordingly, these contracts are not subject to the requirements of fair value accounting because they qualify as normal purchases.
v3.25.0.1
Fair Value Measurement
12 Months Ended
Dec. 28, 2024
Fair Value Disclosures [Abstract]  
FAIR VALUE MEASUREMENT FAIR VALUE MEASUREMENT
FASB authoritative guidance which defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements including guidance related to nonrecurring measurements of nonfinancial assets and liabilities.

The following tables present the Company’s financial instruments that are measured at fair value on a recurring and nonrecurring basis as of December 28, 2024 and December 30, 2023 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 28, 2024 Using
Quoted Prices in
Active Markets for
Identical Assets
Significant Other
Observable
Inputs
Significant
Unobservable
Inputs
(In thousands of dollars)Total(Level 1)(Level 2)(Level 3)
Assets
Derivative assets$30,693 $— $30,693 $— 
Total Assets30,693 — 30,693 — 
Liabilities
Derivative liabilities41,920 — 41,920 — 
Contingent consideration28,862 — — 28,862 
Total Liabilities$70,782 $— $41,920 $28,862 
  Fair Value 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 Assets29,000 — 29,000 — 
Liabilities
Derivative liabilities19,997 — 19,997 — 
Contingent consideration86,495 — — 86,495 
Total Liabilities$106,492 $— $19,997 $86,495 

Derivative assets and liabilities consist of the Company’s corn option and future contracts, foreign currency forward and option contracts, interest rate swap contracts and cross currency swap contracts which represent the difference between the observable market rates of commonly quoted intervals for similar assets and liabilities in active markets and the fixed swap rate considering the instrument’s term, notional amount and credit risk.  See Note 16 Derivatives for discussion on the Company’s derivatives.

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 28, 2024 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 December 31, 2022$169,903 
Out of period correction(85,144)
Total included in earnings during period(5,835)
Exchange rate changes7,571 
Balance as of December 30, 202386,495 
Total included in earnings during period(46,706)
Exchange rate changes(10,927)
Balance as of December 28, 2024$28,862 
The fair value of financial instruments that are not carried at fair value are as follows:

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

  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)
Liabilities
6% Senior Notes$1,000,000 $— $1,000,000 $— 
5.25% Senior Notes493,100 — 493,100 — 
3.625% Senior Notes560,994 — 560,994 — 
Term loan A-1398,000 — 398,000 — 
Term loan A-2478,844 — 478,844 — 
Term loan A-3298,500 — 298,500 — 
Term loan A-4488,172 — 488,172 — 
Revolver604,766 — 604,766 — 
Total Liabilities$4,322,376 $— $4,322,376 $— 

The fair value of the senior notes, term loan A-1, term loan A-2, term loan A-3, term loan A-4 and revolver debt is based on market quotation from third-party banks. The carrying amount for the Company’s other debt is not deemed to be significantly different than the fair value and all other instruments have been recorded at fair value. 
The carrying amount of cash, cash equivalents and restricted cash, accounts receivable, accounts payable and accrued expenses approximates fair value due to the short maturity of these instruments and as such have been excluded from the table above.
v3.25.0.1
Asset Impairment, Exit and Restructuring Costs
12 Months Ended
Dec. 28, 2024
Restructuring and Related Activities [Abstract]  
Asset Impairment, Exit and Restructuring Costs RESTRUCTURING AND ASSET IMPAIRMENT CHARGES
In fiscal 2024, the Company’s management decided to close operations at three food segment locations. As a result, the Company incurred restructuring charges of approximately $2.1 million, which included employee termination costs of approximately $1.7 million and other restructuring costs of approximately $0.4 million. In addition, the Company’s management decided to close one feed segment location and transfer operations for optimization opportunities. The Company incurred restructuring charges of approximately $3.7 million, which included employee termination costs of approximately $1.0 million and other restructuring costs of approximately $2.7 million.

In 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 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 fiscal 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, 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 in the Consolidated Statement of Operations.
v3.25.0.1
Concentration of Credit Risk
12 Months Ended
Dec. 28, 2024
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 2024, 2023 and 2022, approximately 17%, 20% and 17% of our total net sales were to the DGD Joint Venture. No single customer accounted for more than 10% of our accounts receivable at December 28, 2024. At December 30, 2023, approximately 22%, 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.
v3.25.0.1
Contingencies
12 Months Ended
Dec. 28, 2024
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 and litigation. At December 28, 2024 and December 30, 2023, the reserves for insurance, regulatory, governmental, environmental and litigation reflected on the balance sheet in accrued expenses and other non-current liabilities was approximately $97.1 million and $95.1 million, respectively.  The Company has insurance recovery receivables reflected on the balance sheet in other assets of approximately $39.0 million and $36.0 million as of December 28, 2024 and December 30, 2023, 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 settlements with the EPA described above could preclude certain of the claims alleged by OCC against the Company. The Company’s ultimate liability, if any, for investigatory costs, remedial costs and/or natural resource damages in connection with the Lower Passaic River area cannot be determined at this time; however, as of the date of this report, the Company has found no definitive evidence that the former Standard Tallow Corporation plant sites contributed any of the COCs to the Passaic River and, therefore, there is nothing that leads the Company to believe that this matter will have a material effect on the Company’s financial position, results of operations or cash flows.
v3.25.0.1
Business Segments
12 Months Ended
Dec. 28, 2024
Segment Reporting [Abstract]  
BUSINESS SEGMENTS BUSINESS SEGMENTS
In 2024, the Company adopted Accounting Standards Update (“ASU”) No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, on a retrospective basis.

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

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

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

Food Ingredients
Food Ingredients consists principally of (i) the collagen business conducted by Darling Ingredients International under the Rousselot and Gelnex names, (ii) the natural casings business conducted by Darling Ingredients International under the CTH name and (iii) certain specialty products businesses conducted by Darling Ingredients International under the Sonac name.

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

The performance of the operating segments is evaluated based on segment profit (loss) which 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. The CODM uses segment profit (loss) as the measure to make resource (including financial or capital resources) allocation decisions for each segment, predominantly in the annual budget and forecasting process. The CODM considers budget-to-actual variances on a quarterly basis when evaluating performance for each segment and making decisions about capital allocation. Accounting policies have been applied consistently by all segments within the Company for all reporting periods. Intercompany revenue and expense amounts have been eliminated within each segment to report on the basis that management uses internally for evaluating segment performance.

Business Segments (in thousands):

Feed IngredientsFood IngredientsFuel Ingredients
Corporate (a)
Total
Fiscal Year Ended December 28, 2024
Total net sales$3,675,609 $1,489,101 $550,465 $— $5,715,175 
Cost of sales and operating expenses2,886,125 1,115,348 435,864 — 4,437,337 
Gross Margin789,484 373,753 114,601 — 1,277,838 
Gain on sale of assets(669)(1,758)(1,730)— (4,157)
Selling, general and administrative expenses279,095 119,604 32,370 61,036 492,105 
Restructuring and asset impairment charges3,671 2,123 — — 5,794 
Depreciation and amortization350,141 109,102 35,876 8,706 503,825 
Acquisition and integration costs— — — 7,842 7,842 
Change in fair value of contingent consideration(46,706)— — — (46,706)
Equity in net income of Diamond Green Diesel— — 149,082 — 149,082 
Segment operating income/(loss)203,952 144,682 197,167 (77,584)468,217 
Equity in net income of other unconsolidated subsidiaries11,994 — — — 11,994 
Segment income/(loss)215,946 144,682 197,167 (77,584)480,211 
Total other expense (b)(232,703)
Income before income taxes$247,508 
Segment assets at December 28, 2024$4,100,841 $1,997,827 $2,489,149 $1,482,656 $10,070,473 

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

(b)    Total other expense includes interest expense, foreign currency gain (loss) and other income (expense). Interest expense and foreign currency gain (loss) are separately disclosed on our Statement of Operations. Other income/(expense) consists of interest income of approximately $16.0 million, casualty gain of approximately
$20.7 million, other pension expense excluding service cost of approximately $(1.8) million and other income (expense) of approximately $(12.6) million.
Feed IngredientsFood IngredientsFuel IngredientsCorporateTotal
Fiscal Year Ended December 30, 2023
Total net sales$4,472,592 $1,752,065 $563,423 $— $6,788,080 
Cost of sales and operating expenses3,385,859 1,310,581 446,620 — 5,143,060 
Gross Margin1,086,733 441,484 116,803 — 1,645,020 
Loss/(gain) on sale of assets814 (8,144)(91)— (7,421)
Selling, general and administrative expenses310,363 128,464 23,543 80,164 542,534 
Restructuring and asset impairment charges4,026 14,527 — — 18,553 
Depreciation and amortization360,249 94,991 34,466 12,309 502,015 
Acquisition and integration costs— — — 13,884 13,884 
Change in fair value of contingent consideration(7,891)— — — (7,891)
Equity in net income of Diamond Green Diesel— — 366,380 — 366,380 
Segment operating income/(loss)419,172 211,646 425,265 (106,357)949,726 
Equity in net income of other unconsolidated subsidiaries5,011 — — — 5,011 
Segment income/(loss)424,183 211,646 425,265 (106,357)954,737 
Total other expense (c)(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 

(c)    Total other expense includes interest expense, foreign currency gain (loss) and other income (expense). Interest expense and foreign currency gain (loss) are separately disclosed on our Statement of Operations. Other income (expense) consists of interest income of approximately $16.4 million, casualty gain of approximately $7.8 million, other pension expense excluding service cost of approximately $(1.5) million and other expense of approximately $(6.4) million.

Feed IngredientsFood IngredientsFuel IngredientsCorporateTotal
Fiscal Year Ended December 31, 2022
Total net sales$4,539,000 $1,459,630 $533,574 $— $6,532,204 
Cost of sales and operating expenses3,473,506 1,102,250 426,853 — 5,002,609 
Gross Margin1,065,494 357,380 106,721 — 1,529,595 
Gain on sale of assets(3,426)(1,008)(60)— (4,494)
Selling, general and administrative expenses258,781 101,681 13,690 62,456 436,608 
Restructuring and asset impairment charges8,557 21,109 — — 29,666 
Acquisition and integration costs— — — 16,372 16,372 
Depreciation and amortization295,249 59,029 29,500 10,943 394,721 
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 subsidiaries5,102 — — — 5,102 
Segment income/(loss)511,435 176,569 435,937 (89,771)1,034,170 
Total other expense (d)(140,452)
Income before income taxes$893,718 
 
(d)    Total other expense includes interest expense, foreign currency gain (loss) and other income (expense). Interest expense and foreign currency gain (loss) are separately disclosed on our Statement of Operations. Other income (expense) consists of interest income of approximately $5.3 million, casualty loss of approximately $(4.6) million, other pension income excluding service cost of approximately $1.1 million and other expense of approximately $(5.4) million.

Business Segment Property, Plant and Equipment (in thousands):
         
 December 28,
2024
December 30,
2023
December 31,
2022
Capital expenditures for the year ended:
Feed Ingredients$219,541 $413,831 $270,157 
Food Ingredients81,808 92,704 72,301 
Fuel Ingredients27,230 39,053 37,568 
Corporate3,886 9,892 11,283 
Total (a)$332,465 $555,480 $391,309 

(a)    Excludes capital assets acquired in acquisitions in fiscal 2024, 2023 and 2022 of approximately $37.4 million, $155.5 million and $588.8 million, respectively.

Long-lived assets related to the Company’s operations by geography were as follows (in thousands):
        
FY 2024FY 2023
Long-Lived AssetsLong-Lived Assets
North America$5,518,153 $5,667,606 
Europe1,344,033 1,329,466 
China115,152 116,698 
South America1,636,246 2,072,840 
Other17,453 18,808 
Total$8,631,037 $9,205,418 
v3.25.0.1
Revenue (Notes)
12 Months Ended
Dec. 28, 2024
Revenue from Contract with Customer [Abstract]  
Revenue REVENUE
The Company extends payment terms to its customers based on commercially acceptable practices. The term between invoicing and payment due date is not significant. Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring finished products or performing services, which is generally based on executed agreement or purchase order.

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

The following tables present the Company revenues disaggregated by geographic area and major product types by reportable segment for the years ended December 28, 2024, December 30, 2023 and December 31, 2022 (in thousands):
Year Ended December 28, 2024
Feed IngredientsFood IngredientsFuel IngredientsTotal
Geographic Area
North America$2,847,178 $402,693 $— $3,249,871 
Europe414,839 661,756 550,465 1,627,060 
China28,409 238,059 — 266,468 
South America369,759 134,757 — 504,516 
Other15,424 51,836 — 67,260 
Total net sales$3,675,609 $1,489,101 $550,465 $5,715,175 
Major product types
Fats$1,303,828 $160,184 $— $1,464,012 
Used cooking oil351,309 — — 351,309 
Proteins1,484,581 — — 1,484,581 
Bakery190,462 — — 190,462 
Other rendering293,648 — — 293,648 
Food ingredients— 1,232,521 — 1,232,521 
Bioenergy— — 550,465 550,465 
Other51,781 96,396 — 148,177 
Total net sales$3,675,609 $1,489,101 $550,465 $5,715,175 

Year Ended December 30, 2023
Feed IngredientsFood IngredientsFuel IngredientsTotal
Geographic Area
North America$3,696,423 $469,289 $— $4,165,712 
Europe373,180 754,846 563,423 1,691,449 
China27,433 281,139 — 308,572 
South America362,657 171,425 — 534,082 
Other12,899 75,366 — 88,265 
Total net sales$4,472,592 $1,752,065 $563,423 $6,788,080 
Major product types
Fats$1,739,349 $164,730 $— $1,904,079 
Used cooking oil497,657 — — 497,657 
Proteins1,672,027 — — 1,672,027 
Bakery255,214 — — 255,214 
Other rendering243,525 — — 243,525 
Food ingredients— 1,476,875 — 1,476,875 
Bioenergy— — 563,423 563,423 
Other64,820 110,460 — 175,280 
Total net sales$4,472,592 $1,752,065 $563,423 $6,788,080 
Year Ended December 31, 2022
Feed IngredientsFood IngredientsFuel IngredientsTotal
Geographic Area
North America$3,852,559 $369,499 $— $4,222,058 
Europe502,432 733,967 533,574 1,769,973 
China25,100 259,584 — 284,684 
South America146,682 40,661 — 187,343 
Other12,227 55,919 — 68,146 
Total 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 oil519,119 — — 519,119 
Proteins1,476,553 — — 1,476,553 
Bakery333,442 — — 333,442 
Other rendering200,945 — — 200,945 
Food ingredients— 1,121,995 — 1,121,995 
Bioenergy— — 533,574 533,574 
Other57,758 131,961 — 189,719 
Total net sales$4,539,000 $1,459,630 $533,574 $6,532,204 

Revenue from Contracts with Customers

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

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

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

Used Cooking Oil. Used cooking oil includes collection and processing of used cooking oil into finished products of non-food grade fats. Used cooking oil net sales are recognized when the Company ships the finished product to the customer and control has been transferred.

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

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

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

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

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

Long-Term Performance Obligations. The Company from time to time enters into long-term contracts to supply certain volumes of finished products to certain customers. Revenue recognized in fiscal 2024, 2023 and 2022 under these long-term supply contracts was approximately $156.3 million, $171.1 million and $168.4 million, respectively, with the remaining performance obligations to be recognized in future periods (generally 3 years) of approximately $610.7 million.
v3.25.0.1
Related Party Transactions
12 Months Ended
Dec. 28, 2024
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 28, 2024, December 30, 2023 and December 31, 2022, the Company has recorded sales to the DGD Joint Venture of approximately $968.9 million, $1.3 billion and $1.1 billion, respectively. At December 28, 2024 and December 30, 2023, the Company has approximately $9.5 million and $172.3 million in outstanding receivables due from the DGD Joint Venture, respectively. In addition, the Company has eliminated additional sales of approximately $50.5 million, $79.4 million and $62.8 million for the years ended December 28, 2024, December 30, 2023 and December 31, 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 28, 2024, December 30, 2023 and December 31, 2022 of approximately $3.7 million, $16.1 million and $15.8 million, respectively.

Revolving Loan Agreement

On May 1, 2019, Darling through its wholly owned subsidiary Darling Green Energy LLC, (“Darling Green”), and Diamond Alternative Energy, LLC, a wholly owned subsidiary of Valero (“Diamond Alternative” and together with Darling Green, the “DGD Lenders”) entered into a revolving loan agreement (the “2019 DGD Loan Agreement”) with the DGD Joint Venture, pursuant to which the DGD Lenders committed to making loans available to the DGD Joint Venture in the amount of $50.0 million with each lender committed to $25.0 million of the total commitment. Any borrowings by the DGD Joint Venture under the 2019 DGD Loan Agreement were at the applicable annum rate equal to the sum of (a) the LIBO Rate (meaning Reuters BBA Libor Rates Page 3750) on such day plus (b) 2.50%. On June 15, 2023, the DGD Lenders entered into a new revolving loan agreement (the “2023 DGD Loan Agreement”) with the DGD Joint Venture that replaced and superseded in its entirety the 2019 DGD Loan Agreement and pursuant to which the DGD Lenders have committed to making loans available to the DGD Joint Venture in the total amount of $200.0 million with each lender committed to $100.0 million of the total commitment. Any borrowings by the DGD Joint Venture under the 2023 DGD Loan Agreement are at the applicable annum rate equal to the sum of (a) Term SOFR on such day plus (b) 2.50%. The 2023 DGD Loan Agreement expires on June 15, 2026. In December 2022, the DGD Joint Venture borrowed all $50.0 million available under the 2019 DGD Loan Agreement, including the Company’s full $25.0 million commitment, which was repaid in fiscal 2023. In January 2024, the DGD Joint Venture borrowed all $200.0 million available under the 2023 DGD Loan Agreement, including the Company’s full $100.0 million commitment, which was repaid in March 2024. The DGD Joint Venture paid interest to the Company for the years ended December 28, 2024, December 30, 2023 and December 31, 2022 of approximately $1.6 million, $0.6 million and $0.6 million, respectively. As of December 28, 2024 and December 30, 2023, zero was owed to Darling Green under the 2023 DGD Loan Agreement. This note receivable amount when outstanding is included in other current assets on the balance sheet and is included in investing activities on the cash flow statement.
Guarantee Agreements

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

In April 2021, in connection with the DGD Joint Venture’s expansion project at its Port Arthur plant, the Company entered into two agreements (the “GTL Terminaling Agreements”) with GT Logistics, LLC (“GTL”), pursuant to which the DGD Joint Venture will move raw material and finished product to and from the GTL terminal facility by pipeline, thereby providing better logistical capabilities. As a condition to entering into the GTL Terminaling Agreements, GLT required that the Company and Valero guarantee their proportionate share, up to a maximum of approximately $160 million each, of the DGD Joint Venture’s obligations under the GTL Terminaling Agreements (the “GTL Guarantee”), subject to the conditions provided for in the GTL Terminaling Agreements. The maximum amount of the GTL Guarantee is reduced over the 20-year initial term of the GTL Terminaling Agreements as the termination fee under such agreements declines. The Company has not recorded any liability as a result of the GTL Guarantee, as the Company believes the likelihood of having to make any payments under the GTL Guarantee is remote.
v3.25.0.1
Cash Flow Information
12 Months Ended
Dec. 28, 2024
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 28, 2024December 30, 2023December 31, 2022
Supplemental disclosure of cash flow information:   
Change in accrued capital expenditures$(19,167)$2,222 $9,558 
Cash paid during the year for:   
Interest, net of capitalized interest$243,679 $261,321 $113,362 
Income taxes, net of refunds$102,680 $152,670 $113,013 
Non-cash operating activities
          Operating lease right of use asset obtained in exchange for new lease liabilities$73,118 $79,462 $70,269 
Non-cash financing activities
Debt issued for assets$362 $3,827 $6,103 
v3.25.0.1
New Accounting Pronoucements
12 Months Ended
Dec. 28, 2024
New Accounting Pronoucements [Abstract]  
NEW ACCOUNTING PRONOUNCEMENTS NEW ACCOUNTING PRONOUNCEMENTS
In November 2024, the FASB issued ASU No. 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures, which requires new disclosures providing further detail of a Company’s income statement expense line items. This ASU is effective for fiscal years beginning after December 15, 2026 and interim periods within fiscal years beginning after December 15, 2027. Early adoption is permitted. The Company is currently evaluating this ASU to determine its impact on the Company’s disclosure, but does not expect this update to have a material impact on the Company’s consolidated financial statements other than additional information that is provided in the footnote disclosure.

In December 2023, the FASB issued ASU 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 other than additional information that is provided in the footnote disclosure.

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 adopted this ASU in 2024 and the adoption did not have an impact on the Company’s consolidated financial statements other than additional information that is provided in the footnote disclosure.
v3.25.0.1
Pay vs Performance Disclosure - USD ($)
$ in Thousands
12 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Dec. 31, 2022
Pay vs Performance Disclosure      
Net income $ 278,880 $ 647,726 $ 737,690
v3.25.0.1
Insider Trading Arrangements
12 Months Ended
Dec. 28, 2024
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
v3.25.0.1
Insider Trading Policies and Procedures
12 Months Ended
Dec. 28, 2024
Insider Trading Policies and Procedures [Line Items]  
Insider Trading Policies and Procedures Adopted true
v3.25.0.1
Cybersecurity Risk Management and Strategy Disclosure
12 Months Ended
Dec. 28, 2024
Cybersecurity Risk Management, Strategy, and Governance [Line Items]  
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]
The Company takes an active, multi-faceted approach to cybersecurity, including adversarial engagement, under an “assume breach” philosophy premised on the continuous and ever-evolving nature of cyber threats and threat actors. The Company utilizes a cross-functional working group comprised of a Cybersecurity Department, which is responsible for overseeing cybersecurity for the Company’s information systems; and plant operational technology (OT) personnel who are responsible for the security of plant OT. This group works in a cross-functional context due to the interconnectivity of these systems, as well as to collaborate about cybersecurity matters. The Company’s Cybersecurity Department is headed by the Director of Global Cybersecurity, who reports to the Company’s Chief Information Officer, and includes personnel located around the world who have cybersecurity training and skills in engineering, architecture, surveillance, analytics and administration. The Cybersecurity Department is responsible for setting the Company’s cybersecurity policies, standards and benchmarks for its information systems, penetration testing and overseeing repairs of technical elements that fail testing. The Cybersecurity Department also conducts threat hunting within the Company’s information systems and responds to threats. The Cybersecurity Department also engages certain third-party specialists to periodically review the Company’s information systems and cybersecurity defenses, as well as to provide education about current and emerging threats, techniques and countermeasures. The Cybersecurity Department has also conducted cyber-attack simulation exercises with Company executive management and other leadership personnel for cyber-attack readiness. The Company’s Director of Global Cybersecurity and Chief Information Officer also collaborate with our joint venture partner concerning cybersecurity matters for the DGD Joint Venture.

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

The Company’s Chief Financial Officer oversees a corporate risk analysis that organizes the Company’s enterprise risks, including cybersecurity, into categories to assess the potential likelihood and impact of each, and to periodically review and update with the board of directors.
The Company also has an internal Cybersecurity Committee comprised of leadership across multiple internal functions that meets regularly to review, with the Director of Global Cybersecurity and the Chief Information Officer, active and thwarted cybersecurity incidents, systemic threats, attack trends and techniques, counter and preventative measures and defenses being implemented to enhance security. The meetings are also conducted for: ongoing awareness among Company leadership about cybersecurity threats and incidents; discussion of strategies for continuous improvement and associated capital needs; and review of oversight, governance and reporting of cybersecurity matters.

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

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

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

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

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

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

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

The Company’s board of directors actively engages with senior management to understand and oversee the Company’s various risks, including cybersecurity, and members of senior management regularly attend board meetings to provide periodic briefings or presentations on such risk matters. The Company provides presentations to its board of directors about cybersecurity matters, including review of cyber threats, incidents, trends and risks facing the Company; the Company’s defenses against cyber-attacks including personnel, software, hardware and third-party tools and expertise; and the Company’s governance, including policies, standards, benchmarks and auditing and testing, as well as remedial, preventative and proactive measures to repair or enhance the Company’s cybersecurity defenses. Board engagement in these matters includes dialogue and questions, board member insights and perspectives from their industry experience and subject matter expertise and strategic
suggestions and considerations for Company management to evaluate, all as part of the board’s oversight of Company cybersecurity risks. The Company’s Chief Information Officer and Director of Global Cybersecurity are also available to board members to discuss questions concerning cybersecurity matters.
Cybersecurity Risk Management Positions or Committees Responsible [Flag] true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block] The Director of Global Cybersecurity and the Chief Information Officer, in coordination with the Cybersecurity Department and other appropriate personnel, are responsible for assessing and managing the Company’s material risks from cybersecurity threats.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block] Our Director of Global Cybersecurity has served in various roles in information technology and information security for over 25 years, has been in the current role with the Company for more than 10 years, and has been trained and accredited in multiple cybersecurity subjects including training with governmental agencies. Our Chief Information Officer has served in various roles in information technology and information security for over 25 years, has been in the current role with the Company for more than 10 years, and holds a Master of Business Administration degree with a concentration in information systems management.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block] The Company regularly confronts cyber risks, threats and incidents, any one of which could have a material impact on the Company, including its business strategy, results of operations or its financial condition. If the Company experiences a cybersecurity incident requiring a response, it has a Computer Incident Response Plan, which defines response protocols, resource allocations and personnel engagement depending on severity level. Executive leadership, including the CEO, would be engaged in the event of an incident at certain severity levels and the CEO would engage members of the Company’s board of directors as appropriate. The Cybersecurity Department would also utilize third-party experts and consultants it has on retainer, depending on the nature of the incident.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag] true
v3.25.0.1
General (Summary of Significant Accounting Policies) (Policies)
12 Months Ended
Dec. 28, 2024
General [Abstract]  
Basis of Presentation Basis of Presentation
The consolidated financial statements include the accounts of Darling and its consolidated subsidiaries. Noncontrolling interests represent the outstanding ownership interest in the Company’s consolidated subsidiaries that are not owned by the Company. In the accompanying Consolidated Statements of Operations, the noncontrolling interest in net income of the consolidated subsidiaries is shown as an allocation of the Company’s net income and is presented separately as “Net income attributable to noncontrolling interests”. In the Company’s Consolidated Balance Sheets, noncontrolling interests represents the ownership interests in the Company consolidated subsidiaries' net assets held by parties other than the Company. These ownership interests are presented separately as “Noncontrolling interests” within “Stockholders’ Equity.” All intercompany balances and transactions have been eliminated in consolidation.
Fiscal Year Fiscal Year 
The Company has a 52/53 week fiscal year ending on the Saturday nearest December 31.  Fiscal years for the consolidated financial statements included herein are for the 52 weeks ended December 28, 2024, the 52 weeks ended December 30, 2023, and the 52 weeks ended December 31, 2022.
Cash and Cash Equivalents Cash and Cash Equivalents
The Company considers all short-term highly liquid instruments, with an original maturity of three months or less, to be cash equivalents. Cash balances are recorded net of book overdrafts when a bank right-of-offset exists. All other book overdrafts are recorded in accounts payable and the change in the related balance is reflected in operating activities on the Consolidated Statements of Cash Flows. In addition, the Company has bank overdrafts, which are considered a form of short-term financing with changes in the related balance reflected in financing activities in the Consolidated Statements of Cash Flows. Restricted cash shown on the Consolidated Balance Sheet as of December 28, 2024, primarily represents the current portion of acquisition consideration hold-back amounts that are part of the purchase price set aside in escrow in the Company’s name for possible indemnification claims by the Company, which amounts will be paid to the sellers in the future if no claims arise. Restricted cash as of December 30, 2023, 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 28, 2024 and December 30, 2023, primarily represents the long-term acquisition consideration hold-back amounts that are part of the purchase price set aside in escrow in the Company’s name for possible indemnification claims by the Company, which amounts will be paid to the sellers in the future if no claims arise. A reconciliation of cash, cash equivalents, and restricted cash reported within the Consolidated Balance Sheets that sum to the total of same such amounts shown in the Consolidated Statements of Cash flows is as follows (in thousands):

December 28, 2024December 30, 2023
Cash and cash equivalents$75,973 $126,502 
Restricted cash37,579 292 
Restricted cash included in other long-term assets103,755 137,656 
Total cash, cash equivalents and restricted cash shown in the statement of cash flows$217,307 $264,450 
Accounts Receivable and Allowance for Doubtful Accounts Accounts Receivable and Allowance for Credit LossesThe Company maintains allowances for credit losses for estimated losses resulting from customers’ non-payment of trade accounts receivable owed to the Company.  These trade receivables arise in the ordinary course of business from sales of raw material, finished product or services to the Company’s customers.  The estimate of allowance for doubtful accounts is based upon the Company’s bad debt experience adjusted for differences in asset-specific risk characteristic, current economic conditions and forecast of future economic conditions. If the financial condition of the Company’s customers deteriorates, resulting in the customers’ inability to pay the Company’s receivables as they come due, additional allowances for credit losses may be required.
Inventories Inventories
Inventories are stated at the lower of cost or net realizable value.  Cost is primarily determined using the first-in, first-out (FIFO) method for the Feed Ingredients and Fuel Ingredients segments. In the Food Ingredients segment cost is primarily determined based on the weighted average cost.
Long Lived Assets Long Lived Assets
Property, Plant and Equipment
 
Property, plant and equipment are recorded at cost.  Depreciation is computed by the straight-line method over the estimated useful lives of assets:  1) Buildings and improvements, 15 to 30 years; 2) Machinery and equipment, 3 to 10 years; 3) Vehicles, 3 to 8 years; and 4) Aircraft, 7 to 10 years.
         
Maintenance and repairs are charged to expense as incurred, and expenditures for major renewals and improvements are capitalized.

        Intangible Assets
 
Intangible assets with indefinite lives, and therefore, not subject to amortization, consist of trade names acquired in the acquisition of Griffin Industries Inc. on December 17, 2010 (which was subsequently converted to a limited liability company) and its subsidiaries (“Griffin”) and trade names acquired in the acquisition of its Darling Ingredients International business on January 7, 2014. Intangible assets subject to amortization consist of: 1) collection routes which are made up of groups of suppliers of raw materials in similar geographic areas from which the Company derives collection fees and a dependable source of raw materials for processing into finished products; 2) customer relationships representing groups of collagen finished product customers in our food segment; 3) permits that represent licensing of operating plants that have been acquired, giving those plants the ability to operate; 4) non-compete agreements that represent contractual arrangements with former competitors whose businesses were acquired; 5) trade names; and 6) royalty, product development, 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 other indefinite lived intangible assets are less than its carrying amount. The qualitative evaluation is an assessment of multiple factors, including the current operating environment, financial performance and market considerations. The Company may elect to bypass this qualitative assessment for some or all of its reporting units or other indefinite lived intangible assets and perform a quantitative test, based on management's judgment. If the Company chooses to bypass the qualitative assessment, it performs the quantitative approach to impairment testing by comparing the fair value of the Company’s reporting units to their respective carrying amounts and records an impairment charge for the amount by which the carrying amounts exceeds the fair value; however, the loss recognized, if any, will not exceed the total amount of goodwill allocated to that reporting unit. In fiscal 2024 and 2023, the Company performed a quantitative approach to valuing goodwill and indefinite-lived intangible assets at October 26, 2024 and October 28, 2023, respectively. Based on the Company’s annual impairment testing, we concluded the fair values of the Company’s reporting units containing goodwill and indefinite lived intangible assets exceeded the related carrying values.
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 measured at the present value of the unpaid lease payments at the lease commencement date. The lease liability is subsequently measured at amortized cost using the effective interest method. In determining the lease liability, the Company applies a discount rate to the minimum lease payments within each lease. ASC 842 requires the Company to use the rate of interest that a lessee would have to pay to borrow on a collateralized basis over a similar term an amount equal to the lease payments in a similar economic environment. To estimate the Company’s incremental borrowing rate over various terms, a comparable market yield curve consistent with the Company’s credit quality is determined. The lease term for all of the Company’s leases include the non-cancellable period of the lease plus any additional periods covered by either a Company option to extend the lease that the Company is reasonably certain to exercise or when a triggering event occurs. The Company has elected to not recognize a ROU asset and lease liability with an initial term of 12 months or less at lease commencement. Operating leases are included on the Company’s balance sheet as a ROU asset, current operating lease liabilities and long-term operating lease liabilities. For finance leases, the lease liability is initially measured in the same manner and date as for the operating leases, and is subsequently measured at amortized cost using the effective interest method. Finance leases are included in property, plant and equipment, current portion of long-term debt and long-term debt, net of current portion, but are not significant to the Company.

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

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

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

The Company periodically assesses whether it is more likely than not that it will generate sufficient taxable income to realize its deferred income tax assets.  In making this determination, the Company considers all available positive and negative evidence and makes certain assumptions.  The Company considers, among other things, its deferred tax liabilities, the overall business environment, its historical earnings and losses, current industry trends and its outlook for taxable income in future years.  
 
The Company recognizes tax benefits from uncertain tax positions only if it is more likely than not that the tax position will be sustained upon examination by the relevant taxing authority. Adjustments are made to the reserves for uncertain tax positions when facts and circumstances change or additional information is available. Judgment is required to assess the impact of ongoing audits conducted by tax authorities in determining the Company’s consolidated income tax provision. The Company recognizes accrued interest and penalties on tax related matters as a component of income tax expense.
Earnings Per Share Earnings per Share
Basic income per common share is computed by dividing net income attributable to Darling by the weighted average number of common shares including non-vested and restricted shares with participation rights outstanding during the period.  Diluted income per common share is computed by dividing net income attributable to Darling by the weighted average number of common shares outstanding during the period increased by dilutive common equivalent shares determined using the treasury stock method.
Stock Based Compensation Stock Based 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 Use of Estimates
The preparation of the consolidated financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period.  Actual results could differ from those estimates.

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

Entities are required to report all derivative instruments in the statement of financial position at fair value. The accounting for changes in the fair value (i.e., gains or losses) of a derivative instrument depends on whether it has been designated and qualifies as part of a hedging relationship and, if so, on the reason for holding the instrument. If certain conditions are met, entities may elect to designate a derivative instrument as a hedge of exposures to changes in fair value, cash flows or foreign currencies.  If the hedged exposure is a cash flow exposure, the gain or loss on the derivative instrument is reported initially as a component of other comprehensive 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 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 prior year amounts have been reclassified to conform to the current year presentation. In the Consolidated Statement of Operations, previously reported amounts for total net sales have been separated into net sales to third parties and net sales to related party - Diamond Green Diesel. In addition, certain immaterial prior year amounts have been reclassified on the Statement of Cash Flows.
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 Adjustment Out-of-Period Adjustment
During the quarter ended March 30, 2024, the Company determined the inventory balance at its recently acquired Gelnex subsidiary was overstated by approximately $25.1 million at December 30, 2023. The overstatement was the result of an error in calculating the elimination of deferred profit in inventory on intercompany product sales from South America.

The Company recorded an adjustment to earnings of approximately $17.9 million, net of tax. The Company assessed the impact of this out-of-period adjustment and concluded that it was not material to the financial statements previously issued for any interim or annual period during 2023, and the adjustment during the quarter ended March 30, 2024 is not material to the annual financial statements for fiscal 2024. The out-of-period adjustment is included in the Food Ingredients segment results.
v3.25.0.1
General (Tables)
12 Months Ended
Dec. 28, 2024
General [Abstract]  
Net Income per Common Share [Table Text Block]
Net Income per Common Share (in thousands, except per share data)
 December 28,December 30,December 31,
 202420232022
 IncomeSharesPer-ShareIncomeSharesPer-ShareIncomeSharesPer-Share
Basic: 
Net income attributable to Darling$278,880 159,513$1.75 $647,726 159,861$4.05 $737,690 161,000$4.58 
Diluted: 
Effect of dilutive securities 
Add: Option shares in the money and dilutive effect of nonvested stock
— 2,932— — 3,314— — 3,831— 
Less: Pro-forma treasury shares— (1,027)— — (788)— — (710)— 
Diluted: 
Net income attributable to Darling$278,880 161,418$1.73 $647,726 162,387$3.99 $737,690 164,121$4.49 
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 Statements of Cash flows is as follows (in thousands):
December 28, 2024December 30, 2023
Cash and cash equivalents$75,973 $126,502 
Restricted cash37,579 292 
Restricted cash included in other long-term assets103,755 137,656 
Total cash, cash equivalents and restricted cash shown in the statement of cash flows$217,307 $264,450 
v3.25.0.1
Investment in Unconsolidated Subsidiary (Tables)
12 Months Ended
Dec. 28, 2024
Investment in Affiliate [Abstract]  
Equity Method Investments
Selected financial information for the Company’s DGD Joint Venture is as follows:
(in thousands)December 31, 2024December 31, 2023
Assets:
Cash$353,446 $236,794 
Total current assets1,137,821 1,640,636 
Property, plant and equipment, net3,868,943 3,838,800 
Other assets100,307 89,697 
Total assets$5,460,517 $5,805,927 
Liabilities and members' equity:
Revolver$— $250,000 
Total current portion of long term debt29,809 28,639 
Total other current liabilities319,688 417,918 
Total long term debt707,158 737,097 
Total other long term liabilities17,195 16,996 
Total members' equity4,386,667 4,355,277 
Total liabilities and member's equity$5,460,517 $5,805,927 

Year Ended December 31,
(in thousands)202420232022
Revenues:
Operating revenues$5,065,592 $6,990,622 $5,501,166 
Expenses:
Total costs and expenses less lower of cost or market inventory valuation adjustment and depreciation, amortization and accretion expense4,309,768 5,925,778 4,614,192 
Lower of cost or market (LCM) inventory valuation adjustment175,934 60,871 — 
Depreciation, amortization and accretion expense264,992 230,921 125,656 
Operating income314,898 773,052 761,318 
Other income22,114 10,317 3,170 
Interest and debt expense, net(38,673)(49,857)(19,796)
Income before income tax expense$298,339 $733,512 $744,692 
Income tax expense175 752 — 
Net income$298,164 $732,760 $744,692 
v3.25.0.1
Acquisitions (Tables)
12 Months Ended
Dec. 28, 2024
Business Combinations [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
Accounts receivable$81,025 
Inventories140,865 
Other current assets3,143 
Property, plant and equipment169,205 
Identifiable intangible assets339,500 
Goodwill542,572 
Operating lease right-of-use assets134 
Other assets2,703 
Deferred tax asset9,067 
Accounts payable(15,059)
Current portion of long-term debt(44,692)
Current operating lease liabilities(26)
Accrued expenses(18,826)
Long-term debt, net of current portion(1,407)
Long-term operating lease liabilities(123)
Deferred tax liability(12,870)
Other noncurrent liabilities(19)
Purchase price, net of cash acquired$1,195,192 
Less hold-back104,145 
Cash paid for acquisition, net of cash acquired$1,091,047 
Accounts receivable$76,640 
Inventories43,058 
Other current assets33,327 
Property, plant and equipment224,384 
Identifiable intangible assets119,477 
Goodwill301,937 
Operating lease right-of-use assets583 
Other assets62,388 
Deferred tax asset2,315 
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-back21,705 
Less contingent consideration82,984 
Cash paid for acquisition, net of cash acquired$525,743 
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 
Inventories58,246 
Other current assets13,825 
Property, plant and equipment409,405 
Identifiable intangible assets389,200 
Goodwill358,298 
Operating lease right-of-use assets16,380 
Other assets14,164 
Deferred tax asset1,075 
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 2, 2022 for the periods presented (unaudited) (in thousands):

Twelve Months Ended
December 30, 2023December 31, 2022
Net sales6,886,347 $7,469,216 
Net income663,168 739,501 
v3.25.0.1
Inventories (Tables)
12 Months Ended
Dec. 28, 2024
Inventory Disclosure [Abstract]  
INVENTORIES
A summary of inventories follows (in thousands):

        
 December 28, 2024December 30, 2023
Finished product$335,116 $448,245 
Work in process92,762 110,299 
Raw material38,117 68,188 
Supplies and other110,842 132,007 
 $576,837 $758,739 
v3.25.0.1
Property, Plant and Equipment (Tables)
12 Months Ended
Dec. 28, 2024
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment
A summary of property, plant and equipment follows (in thousands):
        
 December 28, 2024December 30, 2023
Land$203,511 $217,113 
Buildings and improvements1,023,697 1,033,243 
Machinery and equipment3,097,409 3,021,329 
Vehicles517,858 520,897 
Aircraft10,313 15,609 
Construction in process440,651 487,336 
5,293,439 5,295,527 
Accumulated depreciation(2,579,770)(2,360,342)
$2,713,669 $2,935,185 
v3.25.0.1
Intangbile assets (Tables)
12 Months Ended
Dec. 28, 2024
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 28, 2024December 30, 2023
Indefinite Lived Intangible Assets  
Trade names$51,050 $52,507 
 51,050 52,507 
Finite Lived Intangible Assets:  
Collection routes714,801 746,868 
Customer relationships278,920 359,111 
Permits316,038 559,483 
Non-compete agreements60 395 
Trade names82,401 85,561 
Royalty, product development, patents, consulting, land use rights and leasehold22,277 20,613 
 1,414,497 1,772,031 
Accumulated Amortization:
Collection routes(254,164)(241,960)
Customer relationships(44,476)(29,270)
Permits(189,500)(407,713)
Non-compete agreements(33)(345)
Trade names(72,549)(63,660)
Royalties, product development, patents, consulting, land use rights and leasehold(6,413)(5,698)
(567,135)(748,646)
Total Intangible assets, less accumulated amortization$898,412 $1,075,892 
v3.25.0.1
Goodwill (Tables)
12 Months Ended
Dec. 28, 2024
GOODWILL [Abstract]  
Schedule of Goodwill
Changes in the carrying amount of goodwill (in thousands):
 Feed IngredientsFood IngredientsFuel IngredientsTotal
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 year3,247 626,202 — 629,449 
Measurement period adjustments(21,270)(74,484)(66)(95,820)
Out-of-period correction(85,144)— — (85,144)
Foreign currency translation33,548 28,182 3,910 65,640 
Balance at December 30, 2023   
Goodwill1,487,236 900,707 147,223 2,535,166 
Accumulated impairment losses(15,914)(3,170)(31,580)(50,664)
 1,471,322 897,537 115,643 2,484,502 
Goodwill acquired during year62,802 — 4,114 66,916 
Measurement period adjustments— (9,147)— (9,147)
Foreign currency translation(96,361)(116,562)(6,755)(219,678)
Balance at December 28, 2024   
Goodwill1,453,677 774,998 144,582 2,373,257 
Accumulated impairment losses(15,914)(3,170)(31,580)(50,664)
 $1,437,763 $771,828 $113,002 $2,322,593 
v3.25.0.1
Accrued Expenses (Tables)
12 Months Ended
Dec. 28, 2024
ACCRUED EXPENSES [Abstract]  
Schedule of Accounts Payable and Accrued Liabilities
Accrued expenses consist of the following (in thousands):         
 December 28, 2024December 30, 2023
Compensation and benefits
$139,011 $156,357 
Accrued operating expenses
73,239 86,278 
 Short-term acquisition hold-backs (Note 3)38,620 — 
 Short-term contingent consideration (Note 17)28,862 — 
Other accrued expense
209,563 198,364 
 $489,295 $440,999 
v3.25.0.1
(Tables)
12 Months Ended
Dec. 28, 2024
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 28, 2024December 30, 2023December 31, 2022
Operating lease expense$64,848 $56,078 $49,377 
Short-term lease costs36,363 36,762 31,133 
Total lease cost$101,211 $92,840 $80,510 

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

Year Ended
December 28, 2024December 30, 2023December 31, 2022
Cash paid for amounts included in the measurement lease liabilities:
Operating cash flows from operating leases$65,840 $58,924 $53,359 
Operating right-of-use assets, net$210,692 $205,539 
Operating lease liabilities, current$62,761 $55,325 
Operating lease liabilities, non-current152,327 154,903 
Total operating lease liabilities$215,088 $210,228 
Weighted average remaining lease term - operating leases5.74 years6.25 years
Weighted average discount rate - operating leases4.87 %4.59 %
Maturities of Operating Lease Liabilities
Future annual minimum lease payments and finance lease commitments as of December 28, 2024 were as follows (in thousands):

Period Ending FiscalOperating LeasesFinance Leases
2025$67,252 $4,078 
202651,506 2,209 
202741,822 1,573 
202830,883 1,124 
202918,024 756 
Thereafter32,861 — 
Total undiscounted lease payments242,348 9,740 
Less amounts representing interest(27,260)(384)
Lease obligations included in current and long-term liabilities215,088 9,356 
Maturities of Financing Lease Liabilities
Future annual minimum lease payments and finance lease commitments as of December 28, 2024 were as follows (in thousands):

Period Ending FiscalOperating LeasesFinance Leases
2025$67,252 $4,078 
202651,506 2,209 
202741,822 1,573 
202830,883 1,124 
202918,024 756 
Thereafter32,861 — 
Total undiscounted lease payments242,348 9,740 
Less amounts representing interest(27,260)(384)
Lease obligations included in current and long-term liabilities215,088 9,356 
v3.25.0.1
Debt (Tables)
12 Months Ended
Dec. 28, 2024
Debt Disclosure [Abstract]  
Schedule of Debt
Debt consists of the following (in thousands): 
        
December 28, 2024December 30, 2023
Amended Credit Agreement:  
Revolving Credit Facility (zero and $82.9 million denominated in € at December 28, 2024 and December 30, 2023, respectively)
$267,000 $610,875 
Term A-1 facility397,000 400,000 
Less unamortized deferred loan costs(366)(546)
Carrying value Term A-1 facility396,634 399,454 
Term A-2 facility471,875 481,250 
Less unamortized deferred loan costs(509)(771)
Carrying value Term A-2 facility471,366 480,479 
Term A-3 facility297,750 300,000 
Less unamortized deferred loan costs(560)(832)
Carrying value Term A-3 facility297,190 299,168 
Term A-4 facility481,250 490,625 
Less unamortized deferred loan costs(664)(1,002)
Carrying value Term A-4 facility480,586 489,623 
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(5,605)(6,441)
Carrying value 6% Senior Notes due 2030
994,395 993,559 
5.25% Senior Notes due 2027 with effective interest of 5.47%
500,000 500,000 
Less unamortized deferred loan costs(2,322)(3,249)
Carrying value 5.25% Senior Notes due 2027
497,678 496,751 
3.625% Senior Notes due 2026 - Denominated in euro with effective interest of 3.83%
536,733 569,075 
Less unamortized deferred loan costs - Denominated in euro(1,542)(2,763)
Carrying value 3.625% Senior Notes due 2026
535,191 566,312 
Other Notes and Obligations101,958 90,852 
4,041,998 4,427,073 
Less Current Maturities133,020 60,703 
$3,908,978 $4,366,370 
Schedule of Maturities of Long-term Debt
Maturities of long-term debt at December 28, 2024 are as follows (in thousands):
 
Contractual
Debt Payment
2025$134,087 
20262,408,361 
2027503,272 
20282,729 
20292,520 
thereafter1,002,597 
$4,053,566 
v3.25.0.1
Other Noncurrent Liabilities (Tables)
12 Months Ended
Dec. 28, 2024
OTHER NONCURRENT LIABILITIES [Abstract]  
Schedule of Other Liabilities, Noncurrent
Other noncurrent liabilities consist of the following (in thousands):

 December 28, 2024December 30, 2023
Accrued pension liability (Note 15)$17,676 $20,721 
Reserve for self-insurance, litigation, environmental and tax matters (Note 20)80,757 83,416 
Long-term acquisition hold backs (Note 3)104,684 137,913 
Long-term contingent consideration (Note 17)— 86,495 
Other5,233 21,264 
 $208,350 $349,809 
v3.25.0.1
Income Taxes Income Taxes (Tables)
12 Months Ended
Dec. 28, 2024
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 28, 2024December 30, 2023December 31, 2022
United States$(17,062)$399,378 $551,521 
Foreign264,570 320,579 342,197 
Income before income taxes$247,508 $719,957 $893,718 
Schedule of Components of Income Tax Expense (Benefit)
Income tax expense/(benefit) attributable to income before income taxes consists of the following (in thousands):
         
December 28, 2024December 30, 2023December 31, 2022
Current:  
Federal$287 $1,574 $(206)
State1,956 1,336 2,288 
Foreign81,704 104,997 105,368 
Total current83,947 107,907 107,450 
Deferred:  
Federal(121,872)(22,868)35,290 
State(1,643)(28,511)18,150 
Foreign1,231 3,040 (14,264)
Total deferred(122,284)(48,339)39,176 
$(38,337)$59,568 $146,626 
A reconciliation of the beginning and ending amounts of unrecognized tax benefits is as follows (in thousands):
December 28, 2024December 30, 2023
Balance at beginning of Year$13,872 $17,842 
Change in tax positions related to current year(4,600)(1,883)
Change in tax positions related to prior years1,480 (1,986)
Change in tax positions due to settlement with tax authorities— — 
Expiration of the statute of limitations— (101)
Balance at end of year$10,752 $13,872 
Schedule of Effective Income Tax Rate Reconciliation
Income tax expense/(benefit) for the years ended December 28, 2024, December 30, 2023 and December 31, 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 28, 2024December 30, 2023December 31, 2022
Computed "expected" tax expense$51,977 $151,191 $187,681 
Change in valuation allowance50,231 27,713 (3,241)
Non-deductible compensation expenses3,443 5,779 5,320 
Deferred tax on unremitted foreign earnings1,897 3,686 4,939 
Foreign rate differential13,817 16,607 17,628 
Withholding taxes(4,063)(4,696)(325)
Change in uncertain tax positions(2,594)(3,477)8,167 
State income taxes, net of federal benefit(9,786)(20,868)10,738 
Biofuel tax incentives(127,081)(125,006)(77,189)
Global intangible low taxed income1,882 14,943 5,745 
Change in contingent payment liability(16,029)(655)— 
Change in tax law— (5,890)(13)
Equity compensation windfall(341)(2,241)(13,441)
Other, net(1,690)2,482 617 
$(38,337)$59,568 $146,626 
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 28, 2024 and December 30, 2023 are presented below (in thousands):
        
 December 28, 2024December 30, 2023
Deferred tax assets:  
Loss contingency reserves$14,099 $15,247 
Employee benefits13,715 15,466 
Pension liability3,307 3,193 
Interest expense carryforwards87,702 53,591 
Tax loss carryforwards417,119 291,910 
Tax credit carryforwards2,771 2,051 
Operating lease liabilities56,484 57,503 
Inventory9,705 17,013 
Accrued liabilities and other62,800 23,090 
Total gross deferred tax assets667,702 479,064 
Less valuation allowance(86,927)(40,063)
Net deferred tax assets580,775 439,001 
Deferred tax liabilities:
Intangible assets amortization, including tax deductible goodwill(256,453)(248,146)
Property, plant and equipment depreciation(192,280)(242,666)
Investment in DGD Joint Venture(316,993)(324,583)
Operating lease assets(55,221)(56,098)
Tax on unremitted foreign earnings(16,492)(18,139)
Other(13,990)(29,832)
Total gross deferred tax liabilities(851,429)(919,464)
Net deferred tax liability$(270,654)$(480,463)
Amounts reported on Consolidated Balance Sheets:
Non-current deferred tax asset$22,368 $17,711 
Non-current deferred tax liability(293,022)(498,174)
Net deferred tax liability$(270,654)$(480,463)
v3.25.0.1
Stockholders' Equity and Stock-Based Compensation (Tables)
12 Months Ended
Dec. 28, 2024
Stockholders' Equity and Stock-Based Compensation [Abstract]  
Schedule of Share-based Compensation, Stock Options, Activity
A summary of all stock option activity during fiscal 2022, 2023 and 2024, and outstanding as of the end of each such fiscal year is as follows:     
 Number of
shares
Weighted-avg.
exercise price
per share
Weighted-avg.
remaining
contractual life
Options outstanding at January 1, 20223,147,814 $17.43 5.2 years
Granted— — 
Exercised(386,460)18.84 
Forfeited(4,767)20.32 
Expired— — 
Options outstanding at December 31, 20222,756,587 17.23 4.3 years
Granted— — 
Exercised(223,000)20.43 
Forfeited(2,212)26.54 
Expired— — 
Options outstanding at December 30, 20232,531,375 16.94 3.3 years
Granted— —  
Exercised(119,651)18.20  
Forfeited(7,257)19.12  
Expired— —  
Options outstanding at December 28, 20242,404,467 $16.87 2.4 years
Options exercisable at December 28, 20242,404,467 $16.87 2.4 years
Schedule of Nonvested Share Activity
A summary of the Company’s non-vested stock and RSU award activity during fiscal 2022, 2023 and 2024, and outstanding as of the end of each such fiscal year, is as follows:

 Non-Vested, and RSU
Shares
Weighted Average
Grant Date
Fair Value
Stock awards outstanding January 1, 202287,934 $56.93 
Shares granted124,416 70.67 
Shares vested(35,337)58.23 
Shares forfeited(6,764)66.67 
Stock awards outstanding December 31, 2022170,249 66.31 
Shares granted168,924 61.73 
Shares vested(70,251)65.03 
Shares forfeited(3,270)62.55 
Stock awards outstanding December 30, 2023265,652 63.78 
Shares granted162,913 49.01 
Shares vested(131,600)63.45 
Shares forfeited(2,847)43.72 
Stock awards outstanding December 28, 2024294,118 $55.94 
A summary of the Company’s LTIP PSU award activity during fiscal 2022, 2023 and 2024, and outstanding as of the end of each such fiscal year, is as follows:
    
 LTIP PSU
Shares
Weighted Average
Grant Date
Fair Value
LTIP PSU awards outstanding January 1, 20221,399,178 $20.82 
Granted115,615 75.13 
Additional PSU awards vested from performance367,746 21.50 
Stock issued for PSUs(1,429,198)15.87 
Forfeited(14,035)57.54 
LTIP PSU awards outstanding December 31, 2022439,306 $50.58 
Granted186,918 66.67 
Additional PSU awards vested from performance263,221 31.80 
Stock issued for PSUs(473,824)31.80 
Forfeited(11,078)67.60 
LTIP PSU awards outstanding December 30, 2023404,543 $67.33 
Granted244,376 53.43 
Additional PSU awards vested from performance142,600 61.12 
Stock issued for PSUs(257,918)61.14 
Forfeited(9,316)65.62 
LTIP PSU awards outstanding December 28, 2024524,285 $62.24 
Schedule of Share-based Payment Award, Equity Instruments Other than Options, Valuation Assumptions
The fair value of each PSU award under the Company’s 2024 LTIP, 2023 LTIP and 2022 LTIP was estimated on the date of grant using a Monte Carlo model with the following weighted average assumptions for fiscal 2024, fiscal 2023 and fiscal 2022.
                
Weighted Average202420232022
Expected dividend yield0.0%0.0%0.0%
Risk-free interest rate4.03%4.13%1.04%
Expected term3.00 years2.98 years3.00 years
Expected volatility41.9%49.6%44.1%
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity
A summary of the Company’s non-employee director RSU and DSU award activity during fiscal 2022, 2023 and 2024, and outstanding as of the end of each such fiscal year, is as follows:        
 Director RSUs and Director DSUs
Shares
Weighted Average
Grant Date
Fair Value
Stock awards outstanding January 1, 2022186,175 $22.43 
Shares granted22,759 73.03 
Shares where the restriction lapsed— — 
Shares forfeited— — 
Stock awards outstanding December 31, 2022208,934 27.94 
Shares granted30,676 59.36 
Shares where the restriction lapsed(70,475)24.69 
Shares forfeited(1,007)61.01 
Stock awards outstanding December 30, 2023168,128 34.84 
Shares granted38,027 44.62 
Shares where the restriction lapsed(31,351)28.46 
Shares forfeited(2,640)44.52 
Stock awards outstanding December 28, 2024172,164 $38.01 
v3.25.0.1
Comprehensive Income (Tables)
12 Months Ended
Dec. 28, 2024
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 28, 2024, December 30, 2023 and December 31, 2022 are as follows (in thousands):


Before-TaxTax (Expense)Net-of-Tax
Amountor BenefitAmount
Year Ended December 31, 2022
Defined Benefit Pension Plans
Actuarial gain/(loss) recognized$9,884 $(2,645)$7,239 
Amortization of actuarial gain/(loss)2,235 (584)1,651 
Amortization of prior service costs22 (5)17 
Amortization of settlement(22)(17)
Special termination benefits recognized38 (10)28 
Other48 — 48 
Total defined benefit pension plans12,205 (3,239)8,966 
Soybean meal option derivatives
Reclassified to earnings(521)132 (389)
Activity recognized in other comprehensive income (loss)975 (247)728 
Total soybean meal derivatives454 (115)339 
Heating oil swap derivatives at DGD
Activity recognized in other comprehensive income (loss)(3,294)836 (2,458)
Total heating oil derivatives(3,294)836 (2,458)
Corn option derivatives
Reclassified to earnings15,408 (3,914)11,494 
Activity recognized in other comprehensive income (loss)(10,653)2,706 (7,947)
Total corn options4,755 (1,208)3,547 
Foreign exchange derivatives
Reclassified to earnings(14,549)4,737 (9,812)
Activity recognized in other comprehensive income (loss)32,644 (10,628)22,016 
Total foreign exchange derivatives18,095 (5,891)12,204 
Foreign currency translation(89,686)1,830 (87,856)
Other comprehensive income/(loss)$(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)
Other12 — 12 
Total defined benefit pension plans3,347 (1,063)2,284 
Soybean meal option derivatives
Reclassified to earnings(627)159 (468)
Activity recognized in other comprehensive income (loss)(3)(2)
Total soybean meal derivatives(630)160 (470)
Heating oil swap derivatives at DGD
Activity recognized in other comprehensive income (loss)45,268 (11,053)34,215 
Total heating oil derivatives45,268 (11,053)34,215 
Corn option derivatives
Reclassified to earnings(1,537)390 (1,147)
Activity recognized in other comprehensive income (loss)1,627 (412)1,215 
Total corn options90 (22)68 
Interest swap derivatives
Reclassified to earnings(1,843)448 (1,395)
Activity recognized in other comprehensive income (loss)5,818 (1,414)4,404 
Total interest swap derivatives3,975 (966)3,009 
Foreign exchange derivatives
Reclassified to earnings(34,491)11,822 (22,669)
Activity recognized in other comprehensive income (loss)40,170 (13,769)26,401 
Total foreign exchange derivatives5,679 (1,947)3,732 
Foreign currency translation140,618 (967)139,651 
Other comprehensive income/(loss)$198,347 $(15,858)$182,489 
Year Ended December 28, 2024
Defined Benefit Pension Plans
Actuarial gain/(loss) recognized$2,323 $(568)$1,755 
Amortization of actuarial gain/(loss)1,367 (326)1,041 
Amortization of prior service costs23 (3)20 
Amortization of settlement(10)(7)
Total defined benefit pension plans3,703 (894)2,809 
Soybean meal option derivatives
Reclassified to earnings(33)(25)
Activity recognized in other comprehensive income (loss)— — — 
Total soybean meal derivatives(33)(25)
Heating oil swap derivatives at DGD
Activity recognized in other comprehensive income (loss)(43,567)10,587 (32,980)
Total heating oil derivatives(43,567)10,587 (32,980)
Corn option derivatives
Reclassified to earnings(947)230 (717)
Activity recognized in other comprehensive income (loss)819 (199)620 
Total corn options(128)31 (97)
Interest swap derivatives
Reclassified to earnings(49,334)11,988 (37,346)
Activity recognized in other comprehensive income (loss)51,042 (12,403)38,639 
Total interest swap derivatives1,708 (415)1,293 
Foreign exchange derivatives
Reclassified to earnings980 (332)648 
Activity recognized in other comprehensive income (loss)(61,120)20,726 (40,394)
Total foreign exchange derivatives(60,140)20,394 (39,746)
Foreign currency translation(417,537)2,395 (415,142)
Other comprehensive income/(loss)$(515,994)$32,106 $(483,888)
Reclassification out of Accumulated Other Comprehensive Income
Fiscal Year Ended
December 28, 2024December 30, 2023December 31, 2022Statement of Operations Classification
Derivative instruments
Soybean meal option derivatives$33 $627 $521 Total net sales
Foreign exchange derivatives(980)34,491 14,549 Total net sales
Corn option derivatives947 1,537 (15,408)Cost of sales and operating expenses
Interest rate swap derivatives49,334 1,843 — Foreign currency gain/(loss) and interest expense
49,334 38,498 (338)Total before tax
(11,894)(12,819)(955)Income taxes
37,440 25,679 (1,293)Net of tax
Defined benefit pension plans
Amortization of prior service cost$(23)$$(22)(a)
Amortization of actuarial loss(1,367)(1,725)(2,235)(a)
Amortization of settlement10 58 22 (a)
Special termination benefits recognized— — (38)(a)
(1,380)(1,666)(2,273)Total before tax
326 413 594 Income taxes
(1,054)(1,253)(1,679)Net of tax
Total reclassifications$36,386 $24,426 $(2,972)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 28, 2024 as follows (in thousands):

Fiscal Year Ended December 28, 2024
Foreign CurrencyDerivativeDefined Benefit
TranslationInstrumentsPension PlansTotal
Accumulated Other Comprehensive income/(loss) December 30, 2023, attributable to Darling, net of tax$(231,678)$47,730 $(14,398)$(198,346)
Other comprehensive income before reclassifications(415,142)(34,115)1,755 (447,502)
Amounts reclassified from accumulated other comprehensive income/(loss)— (37,440)1,054 (36,386)
Net current-period other comprehensive income/(loss)(415,142)(71,555)2,809 (483,888)
Noncontrolling interest2,007 — — 2,007 
Accumulated Other Comprehensive income/(loss) December 28, 2024, attributable to Darling, net of tax$(648,827)$(23,825)$(11,589)$(684,241)
v3.25.0.1
Employee Benefit Plans (Tables)
12 Months Ended
Dec. 28, 2024
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, 2024 and December 31, 2023) (in thousands):
    
 December 28,
2024
December 30,
2023
Change in projected benefit obligation:  
Projected benefit obligation at beginning of period$172,354 $167,546 
Plan acquisition82 — 
Service cost3,171 2,714 
Interest cost7,640 7,836 
Employee contributions353 340 
Plan combinations1,715 — 
Actuarial (gain)/loss(4,736)3,662 
Benefits paid(10,068)(9,962)
Effect of settlement(1,614)(1,138)
Other (gain)/loss(3,592)1,356 
Projected benefit obligation at end of period165,305 172,354 
Change in plan assets:  
Fair value of plan assets at beginning of period155,412 147,766 
Actual return on plan assets4,853 13,312 
Employer contributions3,671 4,254 
Employee contributions353 340 
Plan combinations1,747 — 
Benefits paid(10,068)(9,962)
Effect of settlement(1,614)(1,138)
Other gain/(loss)(2,656)840 
Fair value of plan assets at end of period151,698 155,412 
Funded status(13,607)(16,942)
Net amount recognized$(13,607)$(16,942)
Amounts recognized in the consolidated balance
   sheets consist of:
  
Noncurrent assets$5,348 $4,928 
Current liability(1,279)(1,149)
Noncurrent liability(17,676)(20,721)
Net amount recognized$(13,607)$(16,942)
Amounts recognized in accumulated other
   comprehensive loss consist of:
  
Net actuarial loss$16,212 $19,432 
Prior service cost(983)(501)
Net amount recognized  (a)$15,229 $18,931 

(a) Amounts do not include deferred taxes of $3.6 million and $4.5 million at December 28, 2024 and December 30, 2023, 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 28,
2024
December 30,
2023
Projected benefit obligation$43,258 $110,719 
Accumulated benefit obligation40,661 108,262 
Fair value of plan assets24,412 88,939 
Schedule of Defined Benefit Plans Disclosures
Net pension cost includes the following components (in thousands):
    
 December 28,
2024
December 30,
2023
December 31,
2022
Service cost$3,171 $2,714 $3,149 
Interest cost7,640 7,836 5,231 
Expected return on plan assets(7,228)(7,958)(8,604)
Net amortization and deferral1,390 1,724 2,257 
Settlement(10)(58)(22)
Special termination benefit recognized— — 38 
Net pension cost$4,963 $4,258 $2,049 
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 28,
2024
December 30,
2023
December 31,
2022
Discount rate4.84%4.62%4.82%
Rate of compensation increase0.61%0.61%0.55%

Weighted average assumptions used to determine net periodic benefit cost for the employee benefit pension plans were:
        
 December 28,
2024
December 30,
2023
December 31,
2022
Discount rate3.55%4.26%0.68%
Rate of increase in future compensation levels0.57%0.57%0.51%
Expected long-term rate of return on assets5.30%5.72%4.75%
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):
TotalQuoted Prices in
Active Markets for
Identical Assets
Significant Other
Observable
Inputs
Significant
Unobservable
Inputs
(In thousands of dollars)Fair Value(Level 1)(Level 2)(Level 3)
Balances as of December 30, 2023    
Fixed Income:    
Long Term$91,921 $91,921 $— $— 
Short Term3,374 3,374 — — 
Equity Securities:    
Domestic equities22,429 22,429 — — 
International equities19,011 19,011 — — 
Insurance contracts18,677 — 16,659 2,018 
Totals$155,412 $136,735 $16,659 $2,018 
Balances as of December 28, 2024    
Fixed Income:    
Long Term$91,016 $91,016 $— $— 
Short Term2,905 2,905 — — 
Equity Securities:    
Domestic equities19,290 19,290 — — 
International equities17,727 17,727 — — 
Insurance contracts20,760 — 18,777 1,983 
Totals$151,698 $130,938 $18,777 $1,983 
Schedule of Expected Benefit Payments
The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid (in thousands): 

Year EndingPension Benefits
2025$14,156 
202611,833 
202713,250 
202813,043 
202913,375 
Years 2030 – 203461,865 
Multiemployer plans The following table provides more detail on these significant multiemployer plans (contributions in thousands):
PensionEIN PensionPension Protection Act Zone StatusFIP/RP Status Pending/ContributionsExpiration Date of Collective Bargaining
FundPlan Number20242023Implemented202420232022Agreement
Western Conference of Teamsters Pension Plan91-6145047 / 001GreenGreenNo$1,465 $1,443 $1,516 December 2028 (b)
Central States, Southeast and Southwest Areas Pension Plan (a)36-6044243 / 001GreenGreenYes513 714 899 December 2026 (c)
All other multiemployer plans1,626 1,476 1,035 
Total Company Contributions$3,604 $3,633 $3,450 

(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 December 31, 2028.

(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 December 15, 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 December 31, 2022$1,743 
Unrealized gains (losses) relating to instruments still held in the reporting period.209 
Purchases, sales, and settlements— 
Exchange rate changes66 
Balance as of December 30, 20232,018 
Unrealized gains (losses) relating to instruments still held in the reporting period.83 
Purchases, sales, and settlements— 
Exchange rate changes(118)
Balance as of December 28, 2024$1,983 
v3.25.0.1
Derivatives (Tables)
12 Months Ended
Dec. 28, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments (in thousands):
Functional CurrencyContract Currency
TypeAmountTypeAmount
Brazilian real515,922 Euro80,054 
Brazilian real2,864,438 U.S. Dollar506,181 
Euro37,123 U.S. Dollar39,104 
Euro87,275 Polish zloty373,446 
Euro10,875 Japanese yen1,753,983 
Euro25,413 Chinese renminbi195,569 
Euro18,141 Australian dollar29,770 
Euro4,075 British pound3,384 
Polish zloty47,915 Euro11,211 
Polish zloty469 U.S. dollar116 
British pound346 Euro416 
British pound247 U.S. dollar312 
Japanese yen23,557 U.S. dollar154 
U.S. dollar71 Japanese yen10,807 
U.S. dollar562,340 Euro519,182 
Australian dollar478 U.S. dollar305 
Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location
The table below summarizes the effect of derivatives not designated as hedges on the Company’s consolidated statements of operations for the year ended December 28, 2024, December 30, 2023 and December 31, 2022 (in thousands):
Loss or (Gain) Recognized in Income on Derivatives Not Designated as Hedges
For The Year Ended
Derivatives not designated as hedging instruments
LocationDecember 28, 2024December 30, 2023December 31, 2022
Foreign exchangeForeign currency loss/(gain)$(3,466)$(2,031)$42,690 
Foreign exchangeTotal net sales966 (1,789)(1,108)
Foreign exchange
Cost of sales and operating expenses
(270)(294)(949)
Foreign exchange
Selling, general and administrative expense
16,908 (7,109)(4,200)
Corn options and futuresNet sales652 1,945 (2,092)
Corn options and futures
Cost of sales and operating expenses
(1,295)(3,085)5,447 
Heating oil swaps and options
Selling, general and administrative expense
— 49 122 
Soybean meal
Total net sales— 282 (1,730)
Total$13,495 $(12,032)$38,180 
v3.25.0.1
Fair Value Measurement (Tables)
12 Months Ended
Dec. 28, 2024
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 28, 2024 and December 30, 2023 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 28, 2024 Using
Quoted Prices in
Active Markets for
Identical Assets
Significant Other
Observable
Inputs
Significant
Unobservable
Inputs
(In thousands of dollars)Total(Level 1)(Level 2)(Level 3)
Assets
Derivative assets$30,693 $— $30,693 $— 
Total Assets30,693 — 30,693 — 
Liabilities
Derivative liabilities41,920 — 41,920 — 
Contingent consideration28,862 — — 28,862 
Total Liabilities$70,782 $— $41,920 $28,862 
  Fair Value 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 Assets29,000 — 29,000 — 
Liabilities
Derivative liabilities19,997 — 19,997 — 
Contingent consideration86,495 — — 86,495 
Total Liabilities$106,492 $— $19,997 $86,495 
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation The changes in contingent consideration are due to the following:
(in thousands of dollars)Contingent Consideration
Balance as of December 31, 2022$169,903 
Out of period correction(85,144)
Total included in earnings during period(5,835)
Exchange rate changes7,571 
Balance as of December 30, 202386,495 
Total included in earnings during period(46,706)
Exchange rate changes(10,927)
Balance as of December 28, 2024$28,862 
Fair Value, by Balance Sheet Grouping
The fair value of financial instruments that are not carried at fair value are as follows:

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

  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)
Liabilities
6% Senior Notes$1,000,000 $— $1,000,000 $— 
5.25% Senior Notes493,100 — 493,100 — 
3.625% Senior Notes560,994 — 560,994 — 
Term loan A-1398,000 — 398,000 — 
Term loan A-2478,844 — 478,844 — 
Term loan A-3298,500 — 298,500 — 
Term loan A-4488,172 — 488,172 — 
Revolver604,766 — 604,766 — 
Total Liabilities$4,322,376 $— $4,322,376 $— 
v3.25.0.1
Business Segments (Tables)
12 Months Ended
Dec. 28, 2024
Segment Reporting [Abstract]  
Business Segment Profit/(Loss)
Business Segments (in thousands):

Feed IngredientsFood IngredientsFuel Ingredients
Corporate (a)
Total
Fiscal Year Ended December 28, 2024
Total net sales$3,675,609 $1,489,101 $550,465 $— $5,715,175 
Cost of sales and operating expenses2,886,125 1,115,348 435,864 — 4,437,337 
Gross Margin789,484 373,753 114,601 — 1,277,838 
Gain on sale of assets(669)(1,758)(1,730)— (4,157)
Selling, general and administrative expenses279,095 119,604 32,370 61,036 492,105 
Restructuring and asset impairment charges3,671 2,123 — — 5,794 
Depreciation and amortization350,141 109,102 35,876 8,706 503,825 
Acquisition and integration costs— — — 7,842 7,842 
Change in fair value of contingent consideration(46,706)— — — (46,706)
Equity in net income of Diamond Green Diesel— — 149,082 — 149,082 
Segment operating income/(loss)203,952 144,682 197,167 (77,584)468,217 
Equity in net income of other unconsolidated subsidiaries11,994 — — — 11,994 
Segment income/(loss)215,946 144,682 197,167 (77,584)480,211 
Total other expense (b)(232,703)
Income before income taxes$247,508 
Segment assets at December 28, 2024$4,100,841 $1,997,827 $2,489,149 $1,482,656 $10,070,473 

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

(b)    Total other expense includes interest expense, foreign currency gain (loss) and other income (expense). Interest expense and foreign currency gain (loss) are separately disclosed on our Statement of Operations. Other income/(expense) consists of interest income of approximately $16.0 million, casualty gain of approximately
$20.7 million, other pension expense excluding service cost of approximately $(1.8) million and other income (expense) of approximately $(12.6) million.
Feed IngredientsFood IngredientsFuel IngredientsCorporateTotal
Fiscal Year Ended December 30, 2023
Total net sales$4,472,592 $1,752,065 $563,423 $— $6,788,080 
Cost of sales and operating expenses3,385,859 1,310,581 446,620 — 5,143,060 
Gross Margin1,086,733 441,484 116,803 — 1,645,020 
Loss/(gain) on sale of assets814 (8,144)(91)— (7,421)
Selling, general and administrative expenses310,363 128,464 23,543 80,164 542,534 
Restructuring and asset impairment charges4,026 14,527 — — 18,553 
Depreciation and amortization360,249 94,991 34,466 12,309 502,015 
Acquisition and integration costs— — — 13,884 13,884 
Change in fair value of contingent consideration(7,891)— — — (7,891)
Equity in net income of Diamond Green Diesel— — 366,380 — 366,380 
Segment operating income/(loss)419,172 211,646 425,265 (106,357)949,726 
Equity in net income of other unconsolidated subsidiaries5,011 — — — 5,011 
Segment income/(loss)424,183 211,646 425,265 (106,357)954,737 
Total other expense (c)(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 

(c)    Total other expense includes interest expense, foreign currency gain (loss) and other income (expense). Interest expense and foreign currency gain (loss) are separately disclosed on our Statement of Operations. Other income (expense) consists of interest income of approximately $16.4 million, casualty gain of approximately $7.8 million, other pension expense excluding service cost of approximately $(1.5) million and other expense of approximately $(6.4) million.

Feed IngredientsFood IngredientsFuel IngredientsCorporateTotal
Fiscal Year Ended December 31, 2022
Total net sales$4,539,000 $1,459,630 $533,574 $— $6,532,204 
Cost of sales and operating expenses3,473,506 1,102,250 426,853 — 5,002,609 
Gross Margin1,065,494 357,380 106,721 — 1,529,595 
Gain on sale of assets(3,426)(1,008)(60)— (4,494)
Selling, general and administrative expenses258,781 101,681 13,690 62,456 436,608 
Restructuring and asset impairment charges8,557 21,109 — — 29,666 
Acquisition and integration costs— — — 16,372 16,372 
Depreciation and amortization295,249 59,029 29,500 10,943 394,721 
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 subsidiaries5,102 — — — 5,102 
Segment income/(loss)511,435 176,569 435,937 (89,771)1,034,170 
Total other expense (d)(140,452)
Income before income taxes$893,718 
 
(d)    Total other expense includes interest expense, foreign currency gain (loss) and other income (expense). Interest expense and foreign currency gain (loss) are separately disclosed on our Statement of Operations. Other income (expense) consists of interest income of approximately $5.3 million, casualty loss of approximately $(4.6) million, other pension income excluding service cost of approximately $1.1 million and other expense of approximately $(5.4) million.
Business Segment Property, Plant and Equipment
Business Segment Property, Plant and Equipment (in thousands):
         
 December 28,
2024
December 30,
2023
December 31,
2022
Capital expenditures for the year ended:
Feed Ingredients$219,541 $413,831 $270,157 
Food Ingredients81,808 92,704 72,301 
Fuel Ingredients27,230 39,053 37,568 
Corporate3,886 9,892 11,283 
Total (a)$332,465 $555,480 $391,309 
(a)    Excludes capital assets acquired in acquisitions in fiscal 2024, 2023 and 2022 of approximately $37.4 million, $155.5 million and $588.8 million, respectively.
Geographic Area Net Trade Revenues
Long-lived assets related to the Company’s operations by geography were as follows (in thousands):
        
FY 2024FY 2023
Long-Lived AssetsLong-Lived Assets
North America$5,518,153 $5,667,606 
Europe1,344,033 1,329,466 
China115,152 116,698 
South America1,636,246 2,072,840 
Other17,453 18,808 
Total$8,631,037 $9,205,418 
v3.25.0.1
Revenue (Tables)
12 Months Ended
Dec. 28, 2024
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 28, 2024, December 30, 2023 and December 31, 2022 (in thousands):
Year Ended December 28, 2024
Feed IngredientsFood IngredientsFuel IngredientsTotal
Geographic Area
North America$2,847,178 $402,693 $— $3,249,871 
Europe414,839 661,756 550,465 1,627,060 
China28,409 238,059 — 266,468 
South America369,759 134,757 — 504,516 
Other15,424 51,836 — 67,260 
Total net sales$3,675,609 $1,489,101 $550,465 $5,715,175 
Major product types
Fats$1,303,828 $160,184 $— $1,464,012 
Used cooking oil351,309 — — 351,309 
Proteins1,484,581 — — 1,484,581 
Bakery190,462 — — 190,462 
Other rendering293,648 — — 293,648 
Food ingredients— 1,232,521 — 1,232,521 
Bioenergy— — 550,465 550,465 
Other51,781 96,396 — 148,177 
Total net sales$3,675,609 $1,489,101 $550,465 $5,715,175 

Year Ended December 30, 2023
Feed IngredientsFood IngredientsFuel IngredientsTotal
Geographic Area
North America$3,696,423 $469,289 $— $4,165,712 
Europe373,180 754,846 563,423 1,691,449 
China27,433 281,139 — 308,572 
South America362,657 171,425 — 534,082 
Other12,899 75,366 — 88,265 
Total net sales$4,472,592 $1,752,065 $563,423 $6,788,080 
Major product types
Fats$1,739,349 $164,730 $— $1,904,079 
Used cooking oil497,657 — — 497,657 
Proteins1,672,027 — — 1,672,027 
Bakery255,214 — — 255,214 
Other rendering243,525 — — 243,525 
Food ingredients— 1,476,875 — 1,476,875 
Bioenergy— — 563,423 563,423 
Other64,820 110,460 — 175,280 
Total net sales$4,472,592 $1,752,065 $563,423 $6,788,080 
Year Ended December 31, 2022
Feed IngredientsFood IngredientsFuel IngredientsTotal
Geographic Area
North America$3,852,559 $369,499 $— $4,222,058 
Europe502,432 733,967 533,574 1,769,973 
China25,100 259,584 — 284,684 
South America146,682 40,661 — 187,343 
Other12,227 55,919 — 68,146 
Total 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 oil519,119 — — 519,119 
Proteins1,476,553 — — 1,476,553 
Bakery333,442 — — 333,442 
Other rendering200,945 — — 200,945 
Food ingredients— 1,121,995 — 1,121,995 
Bioenergy— — 533,574 533,574 
Other57,758 131,961 — 189,719 
Total net sales$4,539,000 $1,459,630 $533,574 $6,532,204 
v3.25.0.1
Cash Flow Information (Tables)
12 Months Ended
Dec. 28, 2024
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 28, 2024December 30, 2023December 31, 2022
Supplemental disclosure of cash flow information:   
Change in accrued capital expenditures$(19,167)$2,222 $9,558 
Cash paid during the year for:   
Interest, net of capitalized interest$243,679 $261,321 $113,362 
Income taxes, net of refunds$102,680 $152,670 $113,013 
Non-cash operating activities
          Operating lease right of use asset obtained in exchange for new lease liabilities$73,118 $79,462 $70,269 
Non-cash financing activities
Debt issued for assets$362 $3,827 $6,103 
v3.25.0.1
General (Details)
$ / shares in Units, $ in Thousands, R$ in Millions
12 Months Ended
Dec. 28, 2024
USD ($)
Facility
segment
continent
$ / shares
shares
Dec. 30, 2023
USD ($)
$ / shares
shares
Dec. 31, 2022
USD ($)
$ / shares
shares
Aug. 01, 2022
USD ($)
Aug. 01, 2022
BRL (R$)
Jun. 09, 2022
Jan. 01, 2022
USD ($)
Apr. 03, 2019
May 02, 2018
General [Line Items]                  
Financing Receivable, Sale $ 560,500 $ 532,600 $ 582,000            
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 $ 2,322,593 2,484,502 1,970,377            
Basic:                  
Net income $ 278,880 $ 647,726 $ 737,690            
Shares (in shares) | shares 159,513,000 159,861,000 161,000,000            
Basic (in dollars per share) | $ / shares $ 1.75 $ 4.05 $ 4.58            
Effect of dilutive securities: [Abstract]                  
Add: Option shares in the money and dilutive effect of nonvested stock (in shares) | shares 2,932,000 3,314,000 3,831,000            
Less: Pro-forma treasury shares (in shares) | shares (1,027,000) (788,000) (710,000)            
Diluted:                  
Net Income $ 278,880 $ 647,726 $ 737,690            
Shares (in shares) | shares 161,418,000 162,387,000 164,121,000            
Diluted (in dollars per share) | $ / shares $ 1.73 $ 3.99 $ 4.49            
Stock Based Compensation [Abstract]                  
Stock-based compensation expense $ 20,900 $ 33,200 $ 25,000            
Employee service share-based compensation, tax benefit from compensation expense 2,000 2,600 1,700            
Foreign currency translation (417,100) 142,700 (84,800)            
Financing Receivable, Significant Sales, Transaction Fees $ 8,100 7,500 4,000            
Lease, Term of Contract Not Recognized 12 months                
Asset impairment $ 0 4,734 29,666            
Cash and cash equivalents 75,973 126,502              
Restricted cash 37,579 292              
Restricted Cash and Cash Equivalents, Noncurrent 103,755 137,656              
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 217,307 264,450 150,168       $ 69,072    
Revision of Prior Period, Error Correction, Adjustment                  
Stock Based Compensation [Abstract]                  
Net Income (Loss), Period Adjustments 17,900                
Revision of Prior Period, Error Correction, Adjustment | Overstatement                  
Stock Based Compensation [Abstract]                  
Inventory, Period Adjustments   25,100              
FASA Group                  
Goodwill [Abstract]                  
Goodwill       $ 301,937          
Stock Based Compensation [Abstract]                  
Business Combination, Contingent Consideration, Liability       $ 83,000 R$ 428.2        
Food Ingredients                  
Goodwill [Abstract]                  
Goodwill 771,828 897,537 317,637            
Stock Based Compensation [Abstract]                  
Asset impairment 1,800 18,400              
Feed Ingredients                  
Goodwill [Abstract]                  
Goodwill 1,437,763 1,471,322 1,540,941            
Stock Based Compensation [Abstract]                  
Asset impairment 2,900 8,600              
Fuel Ingredients                  
Goodwill [Abstract]                  
Goodwill $ 113,002 $ 115,643 $ 111,799            
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 403,615 311,919 266,246            
Minimum                  
General [Line Items]                  
Number of Processing and Transfer Facilities | Facility 260                
Minimum | Buildings and improvements [Member]                  
Long Lived Assets [Abstract]                  
Property, Plant and Equipment, Useful Life 15 years                
Minimum | Machinery and equipment [Member]                  
Long Lived Assets [Abstract]                  
Property, Plant and Equipment, Useful Life 3 years                
Minimum | Vehicles [Member]                  
Long Lived Assets [Abstract]                  
Property, Plant and Equipment, Useful Life 3 years                
Minimum | Aircraft [Member]                  
Long Lived Assets [Abstract]                  
Property, Plant and Equipment, Useful Life 7 years                
Minimum | Routes [Member]                  
Long Lived Assets [Abstract]                  
Finite-Lived Intangible Assets, Useful Life 5 years                
Minimum | Permits [Member]                  
Long Lived Assets [Abstract]                  
Finite-Lived Intangible Assets, Useful Life 10 years                
Minimum | Non-compete agreements [Member]                  
Long Lived Assets [Abstract]                  
Finite-Lived Intangible Assets, Useful Life 3 years                
Minimum | Trade Names [Member]                  
Long Lived Assets [Abstract]                  
Finite-Lived Intangible Assets, Useful Life 4 years                
Minimum | 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 | Senior Notes                  
General [Line Items]                  
Annual interest rate 5.25%             5.25%  
Senior Notes 3.625% Due 2026 | Senior Notes                  
General [Line Items]                  
Annual interest rate 3.625%               3.625%
Senior Notes 6% Due 2030 | Senior Notes                  
General [Line Items]                  
Annual interest rate 6.00%         6.00%      
v3.25.0.1
Investment in Unconsolidated Subsidiary Selected Financial Information (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Dec. 31, 2022
Dec. 31, 2023
Jan. 01, 2022
Assets:          
Total current assets $ 1,439,436 $ 1,855,666      
Property, plant and equipment, net 2,713,669 2,935,185      
Other assets 199,594 234,960      
Total assets 10,070,473 11,061,084      
LIABILITIES AND STOCKHOLDERS’ EQUITY          
Less Current Maturities 133,020 60,703      
Other noncurrent liabilities 208,350 349,809      
Total members' equity 4,464,292 4,693,691 $ 3,896,490   $ 3,347,785
Total liabilities and member's equity 10,070,473 11,061,084      
Revenues:          
Operating revenues 5,715,175 6,788,080 6,532,204    
Expenses:          
Cost of sales and operating expenses 4,437,337 5,143,060 5,002,609    
Operating income 5,396,040 6,204,734 5,875,482    
Income before income taxes 247,508 719,957 893,718    
Income tax expense/(benefit) (38,337) 59,568 146,626    
Net income 285,845 660,389 747,092    
Equity Method Investment, Nonconsolidated Investee or Group of Investees [Member]          
Assets:          
Total current assets 1,137,821     $ 1,640,636  
Property, plant and equipment, net 3,868,943     3,838,800  
Other assets 100,307     89,697  
Total assets 5,460,517     5,805,927  
LIABILITIES AND STOCKHOLDERS’ EQUITY          
Less Current Maturities 29,809     28,639  
Total other current liabilities 319,688     417,918  
Total long term debt 707,158     737,097  
Other noncurrent liabilities 17,195     16,996  
Total members' equity 4,386,667     4,355,277  
Total liabilities and member's equity 5,460,517     5,805,927  
Revenues:          
Operating revenues 5,065,592 6,990,622 5,501,166    
Expenses:          
Cost of sales and operating expenses 4,309,768 5,925,778 4,614,192    
Lower of cost or market (LCM) inventory valuation adjustment 175,934 60,871 0    
Depreciation, amortization and accretion expense 264,992 230,921 125,656    
Operating income 314,898 773,052 761,318    
Other income 22,114 10,317 3,170    
Interest and debt expense, net (38,673) (49,857) (19,796)    
Income before income taxes 298,339 733,512 744,692    
Income tax expense/(benefit) 175 752 0    
Net income 298,164 $ 732,760 $ 744,692    
Diamond Green Diesel Holdings LLC Joint Venture [Member]          
Expenses:          
Cash 353,446     236,794  
Line of Credit, Current $ 0     $ 250,000  
v3.25.0.1
Investment in Unconsolidated Subsidiary (Details)
$ in Thousands
1 Months Ended 12 Months Ended
Jan. 31, 2025
USD ($)
Dec. 28, 2024
USD ($)
$ / gal
Dec. 30, 2023
USD ($)
Dec. 31, 2022
USD ($)
Jan. 21, 2011
Schedule of Equity Method Investments [Line Items]          
Investment in the joint venture   $ 2,263,709 $ 2,251,629    
Gain from equity method investments   $ 11,994 5,011 $ 5,102  
Dollars per Gallon | $ / gal   1.00      
Proceeds from Equity Method Investment, Dividends or Distributions, Return of Capital   $ 184,915 168,277 95,546  
Payments to Acquire Equity Method Investments   90,000 75,000 264,750  
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   149,100 366,400 372,300  
Income Tax Credits and Adjustments   1,300,000 1,200,000 761,100  
Proceeds from Equity Method Investment, Dividends or Distributions, Return of Capital   $ 179,800 $ 163,600 $ 90,500  
Diamond Green Diesel Holdings LLC Joint Venture [Member] | Subsequent Event [Member]          
Schedule of Equity Method Investments [Line Items]          
Proceeds from Equity Method Investment, Dividends or Distributions, Return of Capital $ 87,400        
Valero Energy Corporation [Member] | Diamond Green Diesel Holdings LLC Joint Venture [Member]          
Schedule of Equity Method Investments [Line Items]          
Equity Method Investment, Ownership Percentage         50.00%
v3.25.0.1
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 ($)
Sep. 28, 2024
USD ($)
Jun. 29, 2024
USD ($)
Mar. 30, 2024
USD ($)
Sep. 30, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 28, 2024
USD ($)
Dec. 30, 2023
USD ($)
Dec. 31, 2022
USD ($)
Aug. 01, 2022
BRL (R$)
numberOfPlants
Business Acquisition [Line Items]                                  
Goodwill, Measurement Period Adjustment                           $ (9,147) $ (95,820)    
Goodwill                         $ 1,970,377 2,322,593 2,484,502 $ 1,970,377  
Total net sales                           5,715,175 6,788,080 6,532,204  
Net income                           278,880 647,726 737,690  
Business Combination, Acquisition Related Costs                           7,800 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                                  
Business Acquisition [Line Items]                                  
Long-term Line of Credit                           515,000      
Senior Secured Facilities [Member] | Term A-1 Facility                                  
Business Acquisition [Line Items]                                  
Long-term Line of Credit                           400,000      
Senior Secured Facilities [Member] | Term A-2 Facility                                  
Business Acquisition [Line Items]                                  
Long-term Line of Credit                           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     $ 853,300 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                     $ 13,700            
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Intangibles                     9,500            
Goodwill, Measurement Period Adjustment                     9,100            
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Deferred Tax Liabilities                     5,100            
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Deferred Tax Assets                     8,100            
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Other Assets (Liabilities)                     $ 100            
Goodwill     542,572                            
Business Acquisition, Goodwill, Expected Tax Deductible Amount     $ 425,000                            
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life     11 years 3 months 18 days 11 years 3 months 18 days                          
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment     $ 169,205                            
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     $ 331,000                            
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life     11 years 4 months 24 days 11 years 4 months 24 days                          
gelnex | Trade Names [Member]                                  
Business Acquisition [Line Items]                                  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles     $ 8,500                            
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        
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                      
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$                                 1,000,000,000.0
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Future Earnings Growth Period         3 years 3 years                      
Business Combination, Contingent Consideration, Liability         $ 83,000                       R$ 428,200,000
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 | 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                    
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                                  
Business Acquisition [Line Items]                                  
Payments to Acquire Businesses, Gross $ 114,300 € 105.6                              
Foreign Currency Exchange Rate 1.082198                                
Business Combination, Consideration Transferred, Liabilities Incurred $ 7,600 € 7.0                              
Goodwill 62,800                                
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles $ 34,900                                
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life 17 years 17 years                              
Total net sales                           88,100      
Net income                           6,800      
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment $ 21,200                                
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Consideration Transferred                 $ 200                
Business Combination, Recognized Indefinable Assets Acquired and Liabilities Assumed, Other Net Assets $ 2,800                                
South America                                  
Business Acquisition [Line Items]                                  
Total net sales                           $ 504,516 $ 534,082 $ 187,343  
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                            
v3.25.0.1
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. 28, 2024
USD ($)
Dec. 30, 2023
USD ($)
Dec. 31, 2022
USD ($)
Aug. 01, 2022
BRL (R$)
May 02, 2022
USD ($)
Business Acquisition [Line Items]              
Goodwill     $ 2,322,593 $ 2,484,502 $ 1,970,377    
Payments to Acquire Businesses, Net of Cash Acquired     116,712 1,093,183 $ 1,772,437    
Contingent consideration     $ 0 $ 86,495      
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 169,205            
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill 339,500            
Goodwill 542,572            
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Operating Lease Right-of-Use-Asset 134            
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets 2,703            
Business Combination Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Assets 9,067            
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 (18,826)            
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 (12,870)            
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other (19)            
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net 1,195,192            
Business Combination, Consideration Transferred, Liabilities Incurred 104,145            
Payments to Acquire Businesses, Net of Cash Acquired $ 1,091,047            
Foreign Currency Exchange Rate 5.08            
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)          
Contingent consideration   82,984          
Business Combination, Contingent Consideration, Liability   $ 83,000       R$ 428.2  
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)
v3.25.0.1
Acquisitions Pro Forma (Details) - Valley Proteins, FASA Group and Gelnex - USD ($)
$ in Thousands
12 Months Ended
Dec. 30, 2023
Dec. 31, 2022
Business Acquisition [Line Items]    
Business Acquisition, Pro Forma Revenue $ 6,886,347 $ 7,469,216
Business Acquisition, Pro Forma Net Income (Loss) $ 663,168 $ 739,501
v3.25.0.1
Inventories (Details) - USD ($)
$ in Thousands
Dec. 28, 2024
Dec. 30, 2023
Inventory Disclosure [Abstract]    
Finished product $ 335,116 $ 448,245
Work in process 92,762 110,299
Inventory, Raw Materials, Net of Reserves 38,117 68,188
Supplies and other 110,842 132,007
Inventories $ 576,837 $ 758,739
v3.25.0.1
Property, Plant and Equipment (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Dec. 31, 2022
Property, Plant and Equipment [Line Items]      
Property, plant and equipment, gross $ 5,293,439 $ 5,295,527  
Accumulated depreciation (2,579,770) (2,360,342)  
Property, plant and equipment, net 2,713,669 2,935,185  
Depreciation 391,600 377,200 $ 306,000
Land [Member]      
Property, Plant and Equipment [Line Items]      
Property, plant and equipment, gross 203,511 217,113  
Buildings and improvements [Member]      
Property, Plant and Equipment [Line Items]      
Property, plant and equipment, gross 1,023,697 1,033,243  
Machinery and equipment [Member]      
Property, Plant and Equipment [Line Items]      
Property, plant and equipment, gross 3,097,409 3,021,329  
Vehicles [Member]      
Property, Plant and Equipment [Line Items]      
Property, plant and equipment, gross 517,858 520,897  
Aircraft [Member]      
Property, Plant and Equipment [Line Items]      
Property, plant and equipment, gross 10,313 15,609  
Construction in Progress [Member]      
Property, Plant and Equipment [Line Items]      
Property, plant and equipment, gross $ 440,651 $ 487,336  
v3.25.0.1
Intangbile assets (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Intangible Assets [Line Items]    
Indefinite Lived Intangible Assets $ 51,050 $ 52,507
Finite Lived Intangible Assets: 1,414,497 1,772,031
Accumulated Amortization: (567,135) (748,646)
Total Intangible assets, less accumulated amortization 898,412 1,075,892
Finite-Lived Intangible Assets Acquired 28,200  
Trade Names [Member]    
Intangible Assets [Line Items]    
Indefinite Lived Intangible Assets 51,050 52,507
Routes [Member]    
Intangible Assets [Line Items]    
Finite Lived Intangible Assets: 714,801 746,868
Accumulated Amortization: (254,164) (241,960)
Permits [Member]    
Intangible Assets [Line Items]    
Finite Lived Intangible Assets: 316,038 559,483
Accumulated Amortization: (189,500) (407,713)
Non-compete agreements [Member]    
Intangible Assets [Line Items]    
Finite Lived Intangible Assets: 60 395
Accumulated Amortization: (33) (345)
Trade Names [Member]    
Intangible Assets [Line Items]    
Finite Lived Intangible Assets: 82,401 85,561
Accumulated Amortization: (72,549) (63,660)
Royalty, consulting land use and leasehold [Member]    
Intangible Assets [Line Items]    
Finite Lived Intangible Assets: 22,277 20,613
Accumulated Amortization: (6,413) (5,698)
Customer Relationships    
Intangible Assets [Line Items]    
Finite Lived Intangible Assets: 278,920 359,111
Accumulated Amortization: $ (44,476) $ (29,270)
v3.25.0.1
Intangbile assets Textuals (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]      
Finite-Lived Intangible Assets, Period Increase (Decrease) $ (249.1)    
Amortization of Intangible Assets 112.2 $ 124.8 $ 88.7
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months 99.8    
Finite-Lived Intangible Assets, Amortization Expense, Year Two 93.9    
Finite-Lived Intangible Assets, Amortization Expense, Year Three 88.7    
Finite-Lived Intangible Assets, Amortization Expense, Year Four 87.4    
Finite-Lived Intangible Assets, Amortization Expense, Year Five $ 76.4    
v3.25.0.1
Goodwill (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Dec. 31, 2022
Goodwill [Roll Forward]      
Goodwill at beginning of year $ 2,535,166 $ 2,021,041  
Accumulated impairment losses (50,664) (50,664)  
Goodwill at beginning of year 2,484,502 1,970,377  
Goodwill acquired during year 66,916 629,449  
Goodwill, Impairment Loss     $ (2,700)
Foreign currency translation (219,678) 65,640  
Goodwill at end of year 2,373,257 2,535,166 2,021,041
Accumulated impairment losses at end of year (50,664) (50,664) (50,664)
Goodwill at end of year 2,322,593 2,484,502 1,970,377
Goodwill, Measurement Period Adjustment (9,147) (95,820)  
Goodwill, Out of Period Correction   (85,144)  
Feed Ingredients      
Goodwill [Roll Forward]      
Goodwill at beginning of year 1,487,236 1,556,855  
Accumulated impairment losses (15,914) (15,914)  
Goodwill at beginning of year 1,471,322 1,540,941  
Goodwill acquired during year 62,802 3,247  
Foreign currency translation (96,361) 33,548  
Goodwill at end of year 1,453,677 1,487,236 1,556,855
Accumulated impairment losses at end of year (15,914) (15,914) (15,914)
Goodwill at end of year 1,437,763 1,471,322 1,540,941
Goodwill, Measurement Period Adjustment 0 (21,270)  
Goodwill, Out of Period Correction   (85,144)  
Food Ingredients      
Goodwill [Roll Forward]      
Goodwill at beginning of year 900,707 320,807  
Accumulated impairment losses (3,170) (3,170)  
Goodwill at beginning of year 897,537 317,637  
Goodwill acquired during year 0 626,202  
Foreign currency translation (116,562) 28,182  
Goodwill at end of year 774,998 900,707 320,807
Accumulated impairment losses at end of year (3,170) (3,170) (3,170)
Goodwill at end of year 771,828 897,537 317,637
Goodwill, Measurement Period Adjustment (9,147) (74,484)  
Goodwill, Out of Period Correction   0  
Fuel Ingredients      
Goodwill [Roll Forward]      
Goodwill at beginning of year 147,223 143,379  
Accumulated impairment losses (31,580) (31,580)  
Goodwill at beginning of year 115,643 111,799  
Goodwill acquired during year 4,114 0  
Foreign currency translation (6,755) 3,910  
Goodwill at end of year 144,582 147,223 143,379
Accumulated impairment losses at end of year (31,580) (31,580) (31,580)
Goodwill at end of year 113,002 115,643 $ 111,799
Goodwill, Measurement Period Adjustment $ 0 (66)  
Goodwill, Out of Period Correction   $ 0  
v3.25.0.1
Accrued Expenses (Details) - USD ($)
$ in Thousands
Dec. 28, 2024
Dec. 30, 2023
ACCRUED EXPENSES [Abstract]    
Compensation and benefits $ 139,011 $ 156,357
Accrued operating expenses 73,239 86,278
Business Combination, Holdback 38,620 0
Business Combination, Contingent Consideration, Liability, Current 28,862 0
Other accrued expense 209,563 198,364
Accrued expenses $ 489,295 $ 440,999
v3.25.0.1
- Components of Lease Expense (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Dec. 31, 2022
Leases [Abstract]      
Operating lease cost $ 64,848 $ 56,078 $ 49,377
Short-term Lease, Cost 36,363 36,762 31,133
Total lease costs $ 101,211 $ 92,840 $ 80,510
v3.25.0.1
- Other Information (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Dec. 31, 2022
Leases [Abstract]      
Operating cash flows from operating leases $ 65,840 $ 58,924 $ 53,359
Operating right-of-use assets, net 210,692 205,539  
Operating lease liability, current 62,761 55,325  
Operating lease liability, non-current 152,327 154,903  
Lease obligations included in current and long-term liabilities $ 215,088 $ 210,228  
Weighted average remaining lease term - operating leases 5 years 8 months 26 days 6 years 3 months  
Weighted average discount rate - operating leases 4.87% 4.59%  
Contingent consideration $ 0 $ 86,495  
v3.25.0.1
- Maturities of Operating and Financing Lease Liabilities (Details)
$ in Thousands, € in Millions
Dec. 28, 2024
USD ($)
Dec. 28, 2024
EUR (€)
Dec. 30, 2023
USD ($)
Operating Leases      
2025 $ 67,252    
2026 51,506    
2027 41,822    
2028 30,883    
2029 18,024    
Thereafter 32,861    
Operating lease, obligations 242,348    
Less amounts representing interest (27,260)    
Lease obligations included in current and long-term liabilities 215,088   $ 210,228
Finance Leases      
2025 4,078    
2026 2,209    
2027 1,573    
2028 1,124    
2029 756    
Thereafter 0    
Finance lease, obligations 9,740    
Less amounts representing interest (384)    
Lease obligations included in current and long-term liabilities $ 9,356 € 5.5  
Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration] Long-term debt, net of current portion Long-term debt, net of current portion  
v3.25.0.1
Debt Schedule of Long Term Debt (Details)
$ in Thousands, € in Millions
Dec. 28, 2024
USD ($)
Dec. 28, 2024
EUR (€)
Dec. 30, 2023
USD ($)
Mar. 31, 2023
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 $ 4,041,998   $ 4,427,073            
Less Current Maturities 133,020   60,703            
Long-term debt, net of current portion 3,908,978   4,366,370            
Senior Secured Facilities [Member] | Foreign Line of Credit [Member]                  
Debt Instrument [Line Items]                  
Long-term Line of Credit 11,100                
Revolving Credit Facility [Member] | Senior Secured Facilities [Member] | Revolving Credit Facility                  
Debt Instrument [Line Items]                  
Long-term Debt 267,000   610,875            
Revolving Credit Facility [Member] | Senior Secured Facilities [Member] | Revolving Credit Facility | Euro Member Countries, Euro                  
Debt Instrument [Line Items]                  
Long-term Line of Credit $ 0 € 0.0 82,900            
Senior Notes | Senior Notes 5.25% Due 2027                  
Debt Instrument [Line Items]                  
Debt Instrument, Interest Rate, Effective Percentage 5.47% 5.47%              
Long-term Debt $ 497,678   496,751            
Long-term Debt, Gross 500,000   500,000            
Unamortized Debt Issuance Expense $ (2,322)   (3,249)            
Annual interest rate 5.25% 5.25%       5.25%      
Senior Notes | Senior Notes 5.375% Due 2022 [Member]                  
Debt Instrument [Line Items]                  
Annual interest rate                 5.375%
Senior Notes | Senior Notes 4.75% Due 2022 [Member]                  
Debt Instrument [Line Items]                  
Annual interest rate               4.75%  
Senior Notes | Senior Notes 3.625% Due 2026                  
Debt Instrument [Line Items]                  
Long-term Line of Credit | €   € 515.0              
Debt Instrument, Interest Rate, Effective Percentage 3.83% 3.83%              
Long-term Debt $ 535,191   566,312            
Long-term Debt, Gross 536,733   569,075            
Unamortized Debt Issuance Expense $ (1,542)   (2,763)            
Annual interest rate 3.625% 3.625%         3.625%    
Senior Notes | Senior Notes 6% Due 2030                  
Debt Instrument [Line Items]                  
Debt Instrument, Interest Rate, Effective Percentage 6.12% 6.12%              
Long-term Debt $ 994,395   993,559            
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 $ (5,605)   (6,441)            
Other Notes and Obligations [Member]                  
Debt Instrument [Line Items]                  
Long-term Debt 101,958   90,852            
Other Notes and Obligations [Member] | Foreign Line of Credit [Member]                  
Debt Instrument [Line Items]                  
Long-term Line of Credit 1,400                
Other Notes and Obligations [Member] | Other Debt Obligations [Member]                  
Debt Instrument [Line Items]                  
Long-term Debt 24,500                
Term A-1 Facility | Senior Secured Facilities [Member]                  
Debt Instrument [Line Items]                  
Long-term Line of Credit 400,000                
Long-term Debt 396,634   399,454            
Long-term Debt, Gross 397,000   400,000            
Unamortized Debt Issuance Expense (366)   (546)            
Term A-2 Facility | Senior Secured Facilities [Member]                  
Debt Instrument [Line Items]                  
Long-term Line of Credit 500,000                
Long-term Debt 471,366   480,479            
Long-term Debt, Gross 471,875   481,250            
Unamortized Debt Issuance Expense (509)   (771)            
Term A-3 Facility | Senior Secured Facilities [Member]                  
Debt Instrument [Line Items]                  
Long-term Line of Credit       $ 300,000          
Long-term Debt 297,190   299,168            
Long-term Debt, Gross 297,750   300,000            
Unamortized Debt Issuance Expense (560)   (832)            
Term A-4 Facility | Senior Secured Facilities [Member]                  
Debt Instrument [Line Items]                  
Long-term Line of Credit       $ 500,000          
Long-term Debt 480,586   489,623            
Long-term Debt, Gross 481,250   490,625            
Unamortized Debt Issuance Expense $ (664)   $ (1,002)            
v3.25.0.1
Debt Narrative (Details)
12 Months Ended
Aug. 17, 2022
USD ($)
Dec. 28, 2024
USD ($)
Dec. 28, 2024
EUR (€)
Dec. 30, 2023
USD ($)
Mar. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Jun. 09, 2022
USD ($)
Apr. 03, 2019
USD ($)
May 02, 2018
EUR (€)
Jun. 03, 2015
Jan. 02, 2014
Debt Instrument [Line Items]                      
Current portion of long-term debt   $ 133,020,000   $ 60,703,000              
Long-term debt, net of current portion   3,908,978,000   4,366,370,000              
Finance Lease, Liability   $ 9,356,000 € 5,500,000                
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   $ 3,100,000                  
Revolving Credit Facility | Senior Secured Facilities [Member]                      
Debt Instrument [Line Items]                      
Long-term line of credit   515,000,000.0                  
Senior Notes | Senior Notes 3.625% Due 2026                      
Debt Instrument [Line Items]                      
Long-term line of credit | €     € 515,000,000.0                
Face amount of debt insturment | €                 € 515,000,000.0    
Long-term Debt   $ 535,191,000   566,312,000              
Annual interest rate   3.625% 3.625%           3.625%    
Senior Notes | Senior Notes 5.25% Due 2027                      
Debt Instrument [Line Items]                      
Face amount of debt insturment               $ 500,000,000.0      
Long-term Debt   $ 497,678,000   496,751,000              
Annual interest rate   5.25% 5.25%         5.25%      
Senior Notes | Senior Notes 5.375% Due 2022 [Member]                      
Debt Instrument [Line Items]                      
Annual interest rate                     5.375%
Senior Notes | Senior Notes 4.75% Due 2022 [Member]                      
Debt Instrument [Line Items]                      
Annual interest rate                   4.75%  
Senior Notes | Senior Notes 6% Due 2030                      
Debt Instrument [Line Items]                      
Face amount of debt insturment $ 250,000,000.0 $ 1,000,000,000.0         $ 750,000,000.0        
Long-term Debt   $ 994,395,000   993,559,000              
Annual interest rate   6.00% 6.00%       6.00%        
Debt Issuance Costs, Net           $ 12,700,000          
Proceeds from Issuance of Senior Long-Term Debt 255,000,000.0                    
Debt Instrument, Unamortized Premium $ 5,000,000.0                    
Secured Debt [Member] | Senior Secured Facilities [Member]                      
Debt Instrument [Line Items]                      
Maximum availability   $ 3,725,000,000                  
Other Notes and Obligations [Member]                      
Debt Instrument [Line Items]                      
Long-term Debt   101,958,000   90,852,000              
Other Notes and Obligations [Member] | Bank Overdrafts [Member]                      
Debt Instrument [Line Items]                      
Long-term Debt   55,700,000                  
Other Notes and Obligations [Member] | Other Debt Obligations [Member]                      
Debt Instrument [Line Items]                      
Long-term Debt   24,500,000                  
Other Notes and Obligations [Member] | Other Debt Obligations [Member] | Brazil, Brazil Real                      
Debt Instrument [Line Items]                      
Long-term Debt   20,400,000                  
Term A-1 Facility | Senior Secured Facilities [Member]                      
Debt Instrument [Line Items]                      
Long-term line of credit   400,000,000.0                  
Long-term Debt   396,634,000   399,454,000              
Term A-1 Facility | Senior Secured Facilities [Member] | Secured Overnight Financing Rate (SOFR) | United States of America, Dollars                      
Debt Instrument [Line Items]                      
Long-term line of credit   397,000,000.0                  
Term A-2 Facility | Senior Secured Facilities [Member]                      
Debt Instrument [Line Items]                      
Long-term line of credit   500,000,000.0                  
Long-term Debt   471,366,000   480,479,000              
Term A-2 Facility | Senior Secured Facilities [Member] | Secured Overnight Financing Rate (SOFR) | United States of America, Dollars                      
Debt Instrument [Line Items]                      
Long-term line of credit   471,900,000                  
Term A-3 Facility | Senior Secured Facilities [Member]                      
Debt Instrument [Line Items]                      
Long-term line of credit         $ 300,000,000.0            
Long-term Debt   297,190,000   299,168,000              
Term A-3 Facility | Senior Secured Facilities [Member] | Secured Overnight Financing Rate (SOFR) | United States of America, Dollars                      
Debt Instrument [Line Items]                      
Long-term line of credit   297,800,000                  
Term A-4 Facility | Senior Secured Facilities [Member]                      
Debt Instrument [Line Items]                      
Long-term line of credit         $ 500,000,000.0            
Long-term Debt   480,586,000   489,623,000              
Term A-4 Facility | Senior Secured Facilities [Member] | Secured Overnight Financing Rate (SOFR) | United States of America, Dollars                      
Debt Instrument [Line Items]                      
Long-term line of credit   481,300,000                  
Revolving Credit Facility | Senior Secured Facilities [Member]                      
Debt Instrument [Line Items]                      
Maximum availability   1,500,000,000                  
Availability   1,159,600,000                  
Revolving Credit Facility | Senior Secured Facilities [Member] | Secured Overnight Financing Rate (SOFR) | United States of America, Dollars                      
Debt Instrument [Line Items]                      
Long-term line of credit   267,000,000.0                  
Revolving Credit Facility | Revolving Credit Facility [Member] | Senior Secured Facilities [Member]                      
Debt Instrument [Line Items]                      
Long-term Debt   267,000,000   610,875,000              
Revolving Credit Facility | Revolving Credit Facility [Member] | Senior Secured Facilities [Member] | Euro Member Countries, Euro                      
Debt Instrument [Line Items]                      
Long-term line of credit   0 € 0 $ 82,900,000              
Revolving Credit Facility | Secured Debt [Member] | Senior Secured Facilities [Member]                      
Debt Instrument [Line Items]                      
Availability   1,460,000,000                  
Revolving Credit Facility | Secured Debt [Member] | Senior Secured Facilities [Member] | United States of America, Dollars                      
Debt Instrument [Line Items]                      
Availability   $ 40,000,000.0                  
Term Loan A Facility [Member] | Secured Debt [Member] | Senior Secured Facilities [Member] | Secured Overnight Financing Rate (SOFR) | United States of America, Dollars                      
Debt Instrument [Line Items]                      
Debt instrument, basis spread on variable rate   1.875%                  
Term Loan A Facility [Member] | Secured Debt [Member] | Senior Secured Facilities [Member] | Secured Overnight Financing Rate (SOFR) | United States of America, Dollars | Minimum                      
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   $ 700,000                  
Maximum availability   $ 150,000,000.0                  
Secured Debt [Member] | Senior Secured Facilities [Member] | Secured Overnight Financing Rate (SOFR)                      
Debt Instrument [Line Items]                      
Debt instrument, basis spread on variable rate   1.75%                  
Line of credit facility, interest rate at period end   6.18778% 6.18778%                
Secured Debt [Member] | Term A-1 Facility | Secured Overnight Financing Rate (SOFR)                      
Debt Instrument [Line Items]                      
Debt instrument, basis spread on variable rate   1.875%                  
Line of credit facility, interest rate at period end   6.54758% 6.54758%                
Secured Debt [Member] | Term A-2 Facility | Secured Overnight Financing Rate (SOFR)                      
Debt Instrument [Line Items]                      
Debt instrument, basis spread on variable rate   1.75%                  
Line of credit facility, interest rate at period end   6.42258% 6.42258%                
Secured Debt [Member] | Term A-3 Facility | Secured Overnight Financing Rate (SOFR)                      
Debt Instrument [Line Items]                      
Debt instrument, basis spread on variable rate   1.875%                  
Line of credit facility, interest rate at period end   6.54758% 6.54758%                
Secured Debt [Member] | Term A-4 Facility | Secured Overnight Financing Rate (SOFR)                      
Debt Instrument [Line Items]                      
Debt instrument, basis spread on variable rate   1.75%                  
Line of credit facility, interest rate at period end   6.42258% 6.42258%                
Secured Debt [Member] | Secured Debt [Member] | Senior Secured Facilities [Member]                      
Debt Instrument [Line Items]                      
Debt instrument, basis spread on variable rate   1.75%                  
Secured Debt [Member] | Secured Debt [Member] | Senior Secured Facilities [Member] | Base Rate [Member]                      
Debt Instrument [Line Items]                      
Debt instrument, basis spread on variable rate   0.75%                  
Swingline Sub-Facility [Member] | Senior Secured Facilities [Member]                      
Debt Instrument [Line Items]                      
Maximum availability   $ 50,000,000.0                  
Term Loan B Facility [Member] | Senior Secured Facilities [Member]                      
Debt Instrument [Line Items]                      
Face amount of debt insturment   525,000,000.0                  
Foreign Line of Credit [Member] | Senior Secured Facilities [Member]                      
Debt Instrument [Line Items]                      
Long-term line of credit   11,100,000                  
Foreign Line of Credit [Member] | Other Notes and Obligations [Member]                      
Debt Instrument [Line Items]                      
Long-term line of credit   1,400,000                  
Ancillary Facilities | Senior Secured Facilities [Member]                      
Debt Instrument [Line Items]                      
Long-term line of credit   72,700,000                  
Term A-2 Facility | Senior Secured Facilities [Member]                      
Debt Instrument [Line Items]                      
Face amount of debt insturment   $ 500,000,000.0                  
Term A-2 Facility | Secured Debt [Member] | Senior Secured Facilities [Member] | Secured Overnight Financing Rate (SOFR) | United States of America, Dollars                      
Debt Instrument [Line Items]                      
Debt instrument, basis spread on variable rate   1.75%                  
Term A-2 Facility | Secured Debt [Member] | Senior Secured Facilities [Member] | Secured Overnight Financing Rate (SOFR) | United States of America, Dollars | Minimum                      
Debt Instrument [Line Items]                      
Debt instrument, basis spread on variable rate   1.00%                  
Term A-3 Facility | Senior Secured Facilities [Member]                      
Debt Instrument [Line Items]                      
Face amount of debt insturment   $ 300,000,000.0                  
Term A-4 Facility | Senior Secured Facilities [Member]                      
Debt Instrument [Line Items]                      
Face amount of debt insturment   500,000,000.0                  
Term A-1 Facility | Senior Secured Facilities [Member]                      
Debt Instrument [Line Items]                      
Face amount of debt insturment   $ 400,000,000.0                  
v3.25.0.1
Debt Debt Maturiities (Details)
$ in Thousands
Dec. 28, 2024
USD ($)
Debt Disclosure [Abstract]  
2024 $ 134,087
2025 2,408,361
2026 503,272
2027 2,729
2028 2,520
thereafter 1,002,597
Long-term Debt $ 4,053,566
v3.25.0.1
Other Noncurrent Liabilities (Details) - USD ($)
$ in Thousands
Dec. 28, 2024
Dec. 30, 2023
OTHER NONCURRENT LIABILITIES [Abstract]    
Accrued pension liability (Note 15) $ 17,676 $ 20,721
Reserve for self-insurance, litigation, environmental and tax matters (Note 20) 80,757 83,416
Business Combination, Consideration Transferred, Liability Hold-backs 104,684 137,913
Contingent consideration 0 86,495
Other 5,233 21,264
Total other noncurrent liabilities $ 208,350 $ 349,809
v3.25.0.1
Income Taxes Income Taxes - Narrative (Details)
$ in Thousands
12 Months Ended
Dec. 28, 2024
USD ($)
country
Dec. 30, 2023
USD ($)
Dec. 31, 2022
USD ($)
Operating Loss Carryforwards [Line Items]      
Income tax expense/(benefit) $ (38,337) $ 59,568 $ 146,626
Deferred Tax Assets, Operating Loss Carryforwards, Not Subject to Expiration 242,700    
Deferred Tax Assets, Operating Loss Carryforwards, Foreign 273,600    
Operating Loss Carryforwards, Valuation Allowance 86,900    
Unrecognized Tax Benefits 10,752 13,872 $ 17,842
Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense 2,200    
Deferred Tax Liabilities, Undistributed Foreign Earnings $ 16,492 $ 18,139  
Organization for Economic Co-operation and Development, Number of Countries Participating | country 140    
Foreign Tax Jurisdiction      
Operating Loss Carryforwards [Line Items]      
Tax Credit Carryforward, Amount $ 30,900    
State and Local Jurisdiction      
Operating Loss Carryforwards [Line Items]      
Operating Loss Carryforwards 583,000    
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration 430,800    
Deferred Tax Assets, Operating Loss Carryforwards, Not Subject to Expiration 152,200    
Deferred Tax Asset, Interest Carryforward 141,500    
Domestic Tax Jurisdiction      
Operating Loss Carryforwards [Line Items]      
Operating Loss Carryforwards 1,400,000    
Tax Credit Carryforward, Amount 2,400    
Deferred Tax Asset, Interest Carryforward $ 383,900    
v3.25.0.1
Income Taxes - Income From Operations Before Income Taxes (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Dec. 31, 2022
Income Tax Disclosure [Abstract]      
United States $ (17,062) $ 399,378 $ 551,521
Foreign 264,570 320,579 342,197
Income before income taxes $ 247,508 $ 719,957 $ 893,718
v3.25.0.1
Income Taxes - Expense Benefit (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Dec. 31, 2022
Current:      
Federal $ 287 $ 1,574 $ (206)
State 1,956 1,336 2,288
Foreign 81,704 104,997 105,368
Total current 83,947 107,907 107,450
Deferred:      
Federal (121,872) (22,868) 35,290
State (1,643) (28,511) 18,150
Foreign 1,231 3,040 (14,264)
Total deferred (122,284) (48,339) 39,176
Income Tax Expense (Benefit) $ (38,337) $ 59,568 $ 146,626
v3.25.0.1
Income Taxes Income Taxes - Reconciliation (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Dec. 31, 2022
Effective Income Tax Rate Reconciliation, Amount [Abstract]      
Computed "expected" tax expense $ 51,977 $ 151,191 $ 187,681
Change in valuation allowance 50,231 27,713 (3,241)
Non-deductible compensation expenses 3,443 5,779 5,320
Deferred tax on unremitted foreign earnings 1,897 3,686 4,939
Foreign rate differential 13,817 16,607 17,628
Withholding taxes (4,063) (4,696) (325)
Change in uncertain tax positions (2,594) (3,477) 8,167
State income taxes, net of federal benefit (9,786) (20,868) 10,738
Biofuel tax incentives (127,081) (125,006) (77,189)
Global intangible low taxed income 1,882 14,943 5,745
Change in contingent payment liability (16,029) (655) 0
Change in tax law 0 (5,890) (13)
Equity compensation windfall (341) (2,241) (13,441)
Other, net (1,690) 2,482 617
Income Tax Expense (Benefit) $ (38,337) $ 59,568 $ 146,626
v3.25.0.1
Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($)
$ in Thousands
Dec. 28, 2024
Dec. 30, 2023
Deferred tax assets:    
Loss contingency reserves $ 14,099 $ 15,247
Employee benefits 13,715 15,466
Pension liability 3,307 3,193
Interest expense carryforwards 87,702 53,591
Tax loss carryforwards 417,119 291,910
Tax credit carryforwards 2,771 2,051
Operating lease liabilities 56,484 57,503
Inventory 9,705 17,013
Accrued liabilities and other 62,800 23,090
Total gross deferred tax assets 667,702 479,064
Less valuation allowance (86,927) (40,063)
Net deferred tax assets 580,775 439,001
Deferred tax liabilities:    
Intangible assets amortization, including tax deductible goodwill (256,453) (248,146)
Property, plant and equipment depreciation (192,280) (242,666)
Investment in DGD Joint Venture (316,993) (324,583)
Operating lease assets (55,221) (56,098)
Tax on unremitted foreign earnings (16,492) (18,139)
Other (13,990) (29,832)
Total gross deferred tax liabilities (851,429) (919,464)
Net deferred tax liability (270,654) (480,463)
Non-current deferred tax asset 22,368 17,711
Non-current deferred tax liability $ (293,022) $ (498,174)
v3.25.0.1
Income Taxes Reconciliation of Unrecognized Tax Benefits (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Unrecognized Tax Benefits [Roll Forward]    
Balance at beginning of Year $ 13,872 $ 17,842
Change in tax positions related to current year (4,600) (1,883)
Change in tax positions related to prior years 1,480  
Change in tax positions related to prior years   (1,986)
Change in tax positions due to settlement with tax authorities 0 0
Expiration of the statute of limitations 0 (101)
Balance at end of year $ 10,752 $ 13,872
v3.25.0.1
Stockholders' Equity and Stock-Based Compensation Narrative (Details) - USD ($)
12 Months Ended
Jan. 03, 2024
Aug. 07, 2023
May 11, 2023
Jan. 03, 2023
Jan. 03, 2022
Dec. 28, 2024
Dec. 30, 2023
Dec. 31, 2022
Aug. 07, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Stock repurchase program, authorized amount                 $ 500,000,000.0
Payments for Repurchase of Common Stock           $ 34,272,000 $ 52,941,000 $ 125,531,000  
Stock repurchase program, remaining authorized repurchase amount           $ 494,900,000      
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           6,252,517      
Performance Shares [Member]                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Performance period two           3 years      
Shares granted (in shares) 244,376 2,971 6,648 177,299 115,615 244,376 186,918 115,615  
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) 162,913 1,980 4,432 118,208 82,791   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            
v3.25.0.1
Stockholders' Equity and Stock-Based Compensation Stock Option Awards (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Dec. 31, 2022
Jan. 01, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Options outstanding, Weighted-average remaining contractual life (in years) 2 years 4 months 24 days 3 years 3 months 18 days 4 years 3 months 18 days 5 years 2 months 12 days
Granted (in shares) 0 0 0  
Proceeds from stock options exercised $ 0.4 $ 0.1 $ 0.1  
Share-based Payment Arrangement, Exercise of Option, Tax Benefit 0.7 1.2 3.7  
Exercises in period, intrinsic value 2.8 9.5 21.7  
Vested in period, fair value 20.7 $ 33.0 $ 24.8  
Outstanding, intrinsic value 39.9      
Exercisable, intrinsic value 39.9      
Total compensation cost not yet recognized $ 9.1      
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition 1 year 2 months 12 days      
Options exercisable, Weighted-average remaining contractual life (in years) 2 years 4 months 24 days      
Nonqualified Stock Options Under Long Term Incentive Program [Member]        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Award vesting rights, percentage 33.33%      
Expiration period 10 years      
v3.25.0.1
Stockholders' Equity and Stock-Based Compensation Stock Option Activity (Details) - USD ($)
$ / shares in Units, $ in Millions
12 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Dec. 31, 2022
Jan. 01, 2022
Summary of stock option activity [Roll Forward]        
Options outstanding at the beginning of year (in shares) 2,531,375 2,756,587 3,147,814  
Options outstanding at the beginning of year, Weighted-average exercise price per share (in usd per share) $ 16.94 $ 17.23 $ 17.43  
Granted (in shares) 0 0 0  
Granted, Weighted-average exercise price per share (in usd per share) $ 0 $ 0 $ 0  
Exercised (in shares) (119,651) (223,000) (386,460)  
Exercised, Weighted-average exercise price per share (in usd per share) $ 18.20 $ 20.43 $ 18.84  
Forfeited (in shares) (7,257) (2,212) (4,767)  
Forfeited, Weighted-average exercise price per share (in usd per share) $ 19.12 $ 26.54 $ 20.32  
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) 2,404,467 2,531,375 2,756,587 3,147,814
Options outstanding at the end of year, Weighted-average exercise price per share (in usd per share) $ 16.87 $ 16.94 $ 17.23 $ 17.43
Options outstanding, Weighted-average remaining contractual life (in years) 2 years 4 months 24 days 3 years 3 months 18 days 4 years 3 months 18 days 5 years 2 months 12 days
Options exercisable (in shares) 2,404,467      
Options exercisable, Weighted-average exercise price per share (in usd per share) $ 16.87      
Options exercisable, Weighted-average remaining contractual life (in years) 2 years 4 months 24 days      
Share-based Payment Arrangement, Exercise of Option, Tax Benefit $ 0.7 $ 1.2 $ 3.7  
Proceeds from stock options exercised $ 0.4 $ 0.1 $ 0.1  
v3.25.0.1
Stockholders' Equity and Stock-Based Compensation Non-Vested Stock, Restricted Stock Unit and Performance Share Unit Awards (Details) - shares
12 Months Ended
Jan. 03, 2024
Aug. 07, 2023
May 11, 2023
Jan. 03, 2023
Jan. 03, 2022
Dec. 28, 2024
Dec. 30, 2023
Dec. 31, 2022
Performance Shares [Member]                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Shares granted (in shares) 244,376 2,971 6,648 177,299 115,615 244,376 186,918 115,615
Performance period two           3 years    
Stock Awards [Member]                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Shares granted (in shares)           162,913 168,924 124,416
Shares vested (in shares)           (131,600) (70,251) (35,337)
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) 162,913 1,980 4,432 118,208 82,791   41,625  
v3.25.0.1
Stockholders' Equity and Stock-Based Compensation LTIP PSU Awards (Details) - Performance Shares [Member] - shares
12 Months Ended
Jan. 03, 2024
Aug. 07, 2023
May 11, 2023
Jan. 03, 2023
Jan. 03, 2022
Dec. 28, 2024
Dec. 30, 2023
Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Shares granted (in shares) 244,376 2,971 6,648 177,299 115,615 244,376 186,918 115,615
Performance period two           3 years    
PSUs earned may be reduced           30.00%    
Minimum                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Target percentage           0.00%    
Maximum [Member]                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Target percentage           225.00%    
v3.25.0.1
Stockholders' Equity and Stock-Based Compensation Summary of Assumptions (Details) - Performance Shares [Member]
12 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Dec. 31, 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 4.03% 4.13% 1.04%
Expected term 3 years 2 years 11 months 23 days 3 years
Expected volatility 41.90% 49.60% 44.10%
v3.25.0.1
Stockholders' Equity and Stock-Based Compensation Summary of the Company’s LTIP PSU Awards (Details) - Performance Shares [Member] - $ / shares
12 Months Ended
Jan. 03, 2024
Aug. 07, 2023
May 11, 2023
Jan. 03, 2023
Jan. 03, 2022
Dec. 28, 2024
Dec. 30, 2023
Dec. 31, 2022
Summary of non-vested and restricted stock awards [Roll Forward]                
Beginning 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
Shares granted (in shares) 244,376 2,971 6,648 177,299 115,615 244,376 186,918 115,615
Shares granted, Weighted Average Grant Date Fair Value (in dollars per share)           $ 53.43 $ 66.67 $ 75.13
Additional PSU awards vested from performance (in shares)           142,600 263,221 367,746
Shares vested, Weighted Average Grant Date Fair Value (in dollars per share)           $ 61.12 $ 31.80 $ 21.50
Stock issued for PSU's (in shares)           (257,918) (473,824) (1,429,198)
Stock issued for PSU's, Weighted Average Grant Date Fair Value (in dollars per share)           $ 61.14 $ 31.80 $ 15.87
Forfeited in Period (in shares)           (9,316) (11,078) (14,035)
Shares forfeited, Weighted Average Grant Date Fair Value (in dollars per share)           $ 65.62 $ 67.60 $ 57.54
Nonvested, Weighted Average Grant Date Fair Value (in usd per share)           $ 62.24 $ 67.33 $ 50.58
Ending balance nonvested (in shares)           524,285 404,543 439,306
Performance period two           3 years    
v3.25.0.1
Stockholders' Equity and Stock-Based Compensation Summary of the Company’s Non-vested Stock (Details) - $ / shares
12 Months Ended
Jan. 03, 2024
Aug. 07, 2023
May 11, 2023
Jan. 03, 2023
Jan. 03, 2022
Dec. 28, 2024
Dec. 30, 2023
Dec. 31, 2022
Stock Awards [Member]                
Summary of stock option activity [Roll Forward]                
Beginning 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
Shares granted (in shares)           162,913 168,924 124,416
Shares granted, Weighted Average Grant Date Fair Value (in dollars per share)           $ 49.01 $ 61.73 $ 70.67
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period           (131,600) (70,251) (35,337)
Shares vested, Weighted Average Grant Date Fair Value (in dollars per share)           $ 63.45 $ 65.03 $ 58.23
Forfeited in Period (in shares)           (2,847) (3,270) (6,764)
Shares forfeited, Weighted Average Grant Date Fair Value (in dollars per share)           $ 43.72 $ 62.55 $ 66.67
Ending balance nonvested (in shares)           294,118 265,652 170,249
Nonvested, Weighted Average Grant Date Fair Value (in usd per share)           $ 55.94 $ 63.78 $ 66.31
Performance Shares [Member]                
Summary of stock option activity [Roll Forward]                
Beginning 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
Shares granted (in shares) 244,376 2,971 6,648 177,299 115,615 244,376 186,918 115,615
Shares granted, Weighted Average Grant Date Fair Value (in dollars per share)           $ 53.43 $ 66.67 $ 75.13
Additional PSU awards vested from performance (in shares)           142,600 263,221 367,746
Shares vested, Weighted Average Grant Date Fair Value (in dollars per share)           $ 61.12 $ 31.80 $ 21.50
Stock issued for PSU's (in shares)           (257,918) (473,824) (1,429,198)
Stock issued for PSU's, Weighted Average Grant Date Fair Value (in dollars per share)           $ 61.14 $ 31.80 $ 15.87
Forfeited in Period (in shares)           (9,316) (11,078) (14,035)
Shares forfeited, Weighted Average Grant Date Fair Value (in dollars per share)           $ 65.62 $ 67.60 $ 57.54
Ending balance nonvested (in shares)           524,285 404,543 439,306
Nonvested, Weighted Average Grant Date Fair Value (in usd per share)           $ 62.24 $ 67.33 $ 50.58
Restricted Stock Units (RSUs) [Member]                
Summary of stock option activity [Roll Forward]                
Shares granted (in shares) 162,913 1,980 4,432 118,208 82,791   41,625  
v3.25.0.1
Stockholders' Equity and Stock-Based Compensation Nonemployee Director Restricted Stock and Restricted Stock Unit Awards (Details) - USD ($)
$ in Thousands
Dec. 28, 2024
Dec. 29, 2018
Director Restricted Stock Plan [Member]    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Stock available for grant per employee $ 150 $ 135
v3.25.0.1
Stockholders' Equity and Stock-Based Compensation Non-employee Director Restricted Stock Awards (Details) - Director Restricted Stock Plan [Member] - $ / shares
12 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Dec. 31, 2022
Summary of non-vested and restricted stock awards [Roll Forward]      
Ending balance nonvested (in shares) 172,164 168,128 208,934
Nonvested, Weighted Average Grant Date Fair Value (in usd per share) $ 34.84 $ 27.94 $ 22.43
Shares granted (in shares) 38,027 30,676 22,759
Shares granted, Weighted Average Grant Date Fair Value (in dollars per share) $ 44.62 $ 59.36 $ 73.03
Restrictions Lapsed (in shares) (31,351) (70,475) 0
Restrictions Lapsed, Weighted Average Grant Date Fair Value (in dollars per share) $ 28.46 $ 24.69 $ 0
Forfeited in Period (in shares) (2,640) (1,007) 0
Shares forfeited, Weighted Average Grant Date Fair Value (in dollars per share) $ 44.52 $ 61.01 $ 0
Beginning balance nonvested (in shares) 168,128 208,934 186,175
Nonvested, Weighted Average Grant Date Fair Value (in usd per share) $ 38.01 $ 34.84 $ 27.94
v3.25.0.1
Comprehensive Income (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Dec. 31, 2022
Before-Tax Amount      
Actuarial gain/(loss) recognized $ 2,323 $ 1,669 $ 9,884
Amortization of actuarial gain/(loss) 1,367 1,725 2,235
Amortization of prior service costs 23 (1) 22
Amortization of settlement (10) (58) (22)
Special termination benefits recognized 0 0 38
Other   12 48
Total defined benefit pension plans 3,703 3,347 12,205
Tax (Expense) or Benefit      
Actuarial gain/(loss) recognized (568) (650) (2,645)
Amortization of actuarial gain/(loss) (326) (427) (584)
Amortization of prior service costs (3) 0 (5)
Amortization of settlement 3 14 5
Special termination benefits recognized     (10)
Other   0 0
Total defined benefit pension plans (894) (1,063) (3,239)
Net-of-Tax Amount      
Actuarial gain/(loss) recognized 1,755 1,019 7,239
Amortization of actuarial gain/(loss) 1,041 1,298 1,651
Amortization of prior service costs 20 (1) 17
Amortization of settlement (7) (44) (17)
Special termination benefits recognized     28
Other   12 48
Total defined benefit pension plans 2,809 2,284 8,966
Before-Tax Amount      
Foreign currency translation (417,537) 140,618 (89,686)
Tax (Expense) or Benefit      
Foreign currency translation 2,395 (967) 1,830
Net-of-Tax Amount      
Foreign currency translation (415,142) 139,651 (87,856)
Other comprehensive income/(loss) (515,994) 198,347 (57,471)
Other comprehensive income/(loss) 32,106 (15,858) (7,787)
Other comprehensive income/(loss) (483,888) 182,489 (65,258)
Heating Oil Swaps And Options [Member]      
Before-Tax Amount      
Activity recognized in other comprehensive income (loss) (43,567) 45,268 (3,294)
Total swap derivatives (43,567) 45,268 (3,294)
Tax (Expense) or Benefit      
Activity recognized in other comprehensive income (loss) 10,587 (11,053) 836
Total swap derivatives 10,587 (11,053) 836
Net-of-Tax Amount      
Activity recognized in other comprehensive income (loss) (32,980) 34,215 (2,458)
Total swap derivatives (32,980) 34,215 (2,458)
Corn Option [Member]      
Before-Tax Amount      
Reclassified to earnings (947) (1,537) 15,408
Activity recognized in other comprehensive income (loss) 819 1,627 (10,653)
Total swap derivatives (128) 90 4,755
Tax (Expense) or Benefit      
Reclassified to earnings 230 390 (3,914)
Activity recognized in other comprehensive income (loss) (199) (412) 2,706
Total swap derivatives 31 (22) (1,208)
Net-of-Tax Amount      
Reclassified to earnings (717) (1,147) 11,494
Activity recognized in other comprehensive income (loss) 620 1,215 (7,947)
Total swap derivatives (97) 68 3,547
Foreign exchange derivative adjustments      
Before-Tax Amount      
Reclassified to earnings 980 (34,491) (14,549)
Activity recognized in other comprehensive income (loss) (61,120) 40,170 32,644
Total swap derivatives (60,140) 5,679 18,095
Tax (Expense) or Benefit      
Reclassified to earnings (332) 11,822 4,737
Activity recognized in other comprehensive income (loss) 20,726 (13,769) (10,628)
Total swap derivatives 20,394 (1,947) (5,891)
Net-of-Tax Amount      
Reclassified to earnings 648 (22,669) (9,812)
Activity recognized in other comprehensive income (loss) (40,394) 26,401 22,016
Total swap derivatives (39,746) 3,732 12,204
Soybean Meal [Member]      
Before-Tax Amount      
Reclassified to earnings (33) (627) (521)
Activity recognized in other comprehensive income (loss) 0 (3) 975
Total swap derivatives (33) (630) 454
Tax (Expense) or Benefit      
Reclassified to earnings 8 159 132
Activity recognized in other comprehensive income (loss) 0 1 (247)
Total swap derivatives 8 160 (115)
Net-of-Tax Amount      
Reclassified to earnings (25) (468) (389)
Activity recognized in other comprehensive income (loss) 0 (2) 728
Total swap derivatives (25) (470) 339
Interest rate swap derivative adjustments      
Before-Tax Amount      
Reclassified to earnings (49,334) (1,843)  
Activity recognized in other comprehensive income (loss) 51,042 5,818  
Total swap derivatives 1,708 3,975  
Tax (Expense) or Benefit      
Reclassified to earnings 11,988 448  
Activity recognized in other comprehensive income (loss) (12,403) (1,414)  
Total swap derivatives (415) (966)  
Net-of-Tax Amount      
Reclassified to earnings (37,346) (1,395)  
Activity recognized in other comprehensive income (loss) 38,639 4,404  
Total swap derivatives $ 1,293 $ 3,009 $ 0
v3.25.0.1
Comprehensive Income Reclassifications (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Dec. 31, 2022
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]      
Total net sales $ 5,715,175 $ 6,788,080 $ 6,532,204
Cost of sales and operating expenses 4,437,337 5,143,060 5,002,609
Amortization of prior service cost 23 (1) 22
Amortization of actuarial loss (1,367) (1,725) (2,235)
Amortization of settlement 10 58 22
Special termination benefits recognized 0 0 (38)
Income taxes 38,337 (59,568) (146,626)
Net income 278,880 647,726 737,690
Reclassification out of Accumulated Other Comprehensive Income [Member]      
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]      
Net income 36,386 24,426 (2,972)
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]      
Total net sales 33 627 521
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]      
Total net sales (980) 34,491 14,549
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 49,334 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 49,334 38,498 (338)
Income taxes (11,894) (12,819) (955)
Net income 37,440 25,679 (1,293)
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 947 1,537 (15,408)
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] (23) 1 (22)
Amortization of actuarial loss [1] (1,367) (1,725) (2,235)
Amortization of settlement [1] 10 58 22
Income from operations before income taxes (1,380) (1,666) (2,273)
Income taxes 326 413 594
Net income $ (1,054) $ (1,253) $ (1,679)
[1] These items are included in the computation of net periodic pension cost. See Note 15 Employee Benefit Plans for additional information.
v3.25.0.1
Comprehensive Income AOCI (Details)
$ in Thousands
12 Months Ended
Dec. 28, 2024
USD ($)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]  
Beginning balance $ (198,346)
Other comprehensive gain before reclassifications (447,502)
Amounts reclassified from accumulated other comprehensive income/(loss) (36,386)
Net current-period other comprehensive income (483,888)
Noncontrolling interest 2,007
Ending balance (684,241)
Foreign Currency Translation  
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]  
Beginning balance (231,678)
Other comprehensive gain before reclassifications (415,142)
Amounts reclassified from accumulated other comprehensive income/(loss) 0
Net current-period other comprehensive income (415,142)
Noncontrolling interest 2,007
Ending balance (648,827)
Derivative Instruments  
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]  
Beginning balance 47,730
Other comprehensive gain before reclassifications (34,115)
Amounts reclassified from accumulated other comprehensive income/(loss) (37,440)
Net current-period other comprehensive income (71,555)
Noncontrolling interest 0
Ending balance (23,825)
Defined Benefit Pension Plans  
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]  
Beginning balance (14,398)
Other comprehensive gain before reclassifications 1,755
Amounts reclassified from accumulated other comprehensive income/(loss) 1,054
Net current-period other comprehensive income 2,809
Noncontrolling interest 0
Ending balance $ (11,589)
v3.25.0.1
Employee Benefit Plans - Narrative (Details)
$ in Millions
12 Months Ended
Dec. 28, 2024
USD ($)
plan
Dec. 30, 2023
USD ($)
Dec. 31, 2022
USD ($)
Defined Benefit Plan Disclosure [Line Items]      
Domestic Pension Plan Benefits Percentage Of The Projected Benefit Obligation 67.00% 69.00%  
Domestic Defined Benefit Plan Cash Contributions By Employer $ 0.4 $ 0.2  
Foreign Defined Benefit Plan Cash Contributions By Employer $ 3.3 $ 4.1  
Discount rate 4.84% 4.62% 4.82%
Expected long-term rate of return on assets 5.30% 5.72% 4.75%
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 $ 3.8    
Minimum      
Defined Benefit Plan Disclosure [Line Items]      
Investment Objectives Achievement Period 5 years    
Maximum [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Investment Objectives Achievement Period 7 years    
Equity Funds [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Equity Securities 31.00%    
Fixed Income Funds [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Equity Securities 69.00%    
Domestic Country Plan      
Defined Benefit Plan Disclosure [Line Items]      
Defined Contribution Plan, Employer Contribution Amount $ 15.4 $ 17.6 $ 10.1
Foreign Country Plan      
Defined Benefit Plan Disclosure [Line Items]      
Defined Contribution Plan, Employer Contribution Amount $ 9.4 $ 10.2 $ 8.6
Expected long-term rate of return on assets 2.30%    
UNITED STATE AND CANADA [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Expected long-term rate of return on assets 5.90%    
v3.25.0.1
Employee Benefit Plans - Funded Status (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Dec. 31, 2022
Change in projected benefit obligation:      
Projected benefit obligation at beginning of period $ 172,354 $ 167,546  
Plan acquisition 82 0  
Service cost 3,171 2,714 $ 3,149
Interest cost 7,640 7,836 5,231
Employee contributions 353 340  
Plan combinations 1,715 0  
Actuarial (gain)/loss (4,736) 3,662  
Benefits paid (10,068) (9,962)  
Effect of settlement (1,614) (1,138)  
Special termination benefit recognized 0 0 (38)
Other (gain)/loss (3,592) 1,356  
Projected benefit obligation at end of period 165,305 172,354 167,546
Change in plan assets:      
Fair value of plan assets at beginning of period 155,412 147,766  
Actual return on plan assets 4,853 13,312  
Employer contributions 3,671 4,254  
Employee contributions 353 340  
Plan combinations 1,747 0  
Benefits paid (10,068) (9,962)  
Effect of settlement (1,614) (1,138)  
Other gain/(loss) (2,656) 840  
Fair value of plan assets at end of period 151,698 155,412 $ 147,766
Funded status (13,607) (16,942)  
Net amount recognized (13,607) (16,942)  
Amounts recognized in the consolidated balance    sheets consist of:      
Noncurrent assets 5,348 4,928  
Current liability (1,279) (1,149)  
Noncurrent liability (17,676) (20,721)  
Amounts recognized in accumulated other    comprehensive loss consist of:      
Net actuarial loss 16,212 19,432  
Prior service cost (983) (501)  
Net amount recognized [1] 15,229 18,931  
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Tax $ 3,600 $ 4,500  
[1] Amounts do not include deferred taxes of $3.6 million and $4.5 million at December 28, 2024 and December 30, 2023, respectively.
v3.25.0.1
Employee Benefit Plans - Accumulated Benefit Obligations in Excess of Plan Assets (Details) - USD ($)
$ in Thousands
Dec. 28, 2024
Dec. 30, 2023
Employee Benefit Plans [Abstract]    
Projected benefit obligation $ 43,258 $ 110,719
Accumulated benefit obligation 40,661 108,262
Fair value of plan assets $ 24,412 $ 88,939
v3.25.0.1
Employee Benefit Plans - Net Pension Cost (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Dec. 31, 2022
Employee Benefit Plans [Abstract]      
Service cost $ 3,171 $ 2,714 $ 3,149
Interest cost $ 7,640 $ 7,836 $ 5,231
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 $ (7,228) $ (7,958) $ (8,604)
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 $ 1,390 $ 1,724 $ 2,257
Settlement $ (10) $ (58) $ (22)
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 $ 0 $ 38
Net pension cost $ 4,963 $ 4,258 $ 2,049
v3.25.0.1
Employee Benefit Plans - Weighted Average Assumptions (Details)
12 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Dec. 31, 2022
Defined Benefit Plan Disclosure [Line Items]      
Discount rate 4.84% 4.62% 4.82%
Rate of compensation increase 0.61% 0.61% 0.55%
Discount rate 3.55% 4.26% 0.68%
Rate of increase in future compensation levels 0.57% 0.57% 0.51%
Expected long-term rate of return on assets 5.30% 5.72% 4.75%
Minimum | Fixed Income Securities [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Investment Policy and Strategy, Description 35    
Minimum | 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    
v3.25.0.1
Employee Benefit Plans - Fair Value Measurements for Defined Benefit Plan Assets (Details) - USD ($)
$ in Thousands
Dec. 28, 2024
Dec. 30, 2023
Dec. 31, 2022
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount $ 151,698 $ 155,412 $ 147,766
Fair Value, Inputs, Level 3      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 1,983 2,018 $ 1,743
Estimate of Fair Value Measurement [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 151,698 155,412  
Estimate of Fair Value Measurement [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1)      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 130,938 136,735  
Estimate of Fair Value Measurement [Member] | Significant Other Observable Inputs (Level 2)      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 18,777 16,659  
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 1,983 2,018  
Fixed Income, Long Term [Member] | Estimate of Fair Value Measurement [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 91,016 91,921  
Fixed Income, Long Term [Member] | Estimate of Fair Value Measurement [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1)      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 91,016 91,921  
Fixed Income, Long Term [Member] | Estimate of Fair Value Measurement [Member] | Significant Other Observable Inputs (Level 2)      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 0 0  
Fixed Income, Long Term [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 0 0  
Fixed Income, Short Term [Member] | Estimate of Fair Value Measurement [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 2,905 3,374  
Fixed Income, Short Term [Member] | Estimate of Fair Value Measurement [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1)      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 2,905 3,374  
Fixed Income, Short Term [Member] | Estimate of Fair Value Measurement [Member] | Significant Other Observable Inputs (Level 2)      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 0 0  
Fixed Income, Short Term [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 0 0  
Equity Securities, Domestic [Member] | Estimate of Fair Value Measurement [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 19,290 22,429  
Equity Securities, Domestic [Member] | Estimate of Fair Value Measurement [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1)      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 19,290 22,429  
Equity Securities, Domestic [Member] | Estimate of Fair Value Measurement [Member] | Significant Other Observable Inputs (Level 2)      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 0 0  
Equity Securities, Domestic [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 0 0  
Equity Securities, International [Member] | Estimate of Fair Value Measurement [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 17,727 19,011  
Equity Securities, International [Member] | Estimate of Fair Value Measurement [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1)      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 17,727 19,011  
Equity Securities, International [Member] | Estimate of Fair Value Measurement [Member] | Significant Other Observable Inputs (Level 2)      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 0 0  
Equity Securities, International [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 0 0  
Insurance Contracts [Member] | Estimate of Fair Value Measurement [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 20,760 18,677  
Insurance Contracts [Member] | Estimate of Fair Value Measurement [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1)      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 0 0  
Insurance Contracts [Member] | Estimate of Fair Value Measurement [Member] | Significant Other Observable Inputs (Level 2)      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 18,777 16,659  
Insurance Contracts [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount $ 1,983 $ 2,018  
v3.25.0.1
Employee Benefit Plans - Significant Unobservable Inputs (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Defined Benefit Plan, Change in Fair Value of Plan Assets, Level 3 Reconciliation [Roll Forward]    
Fair value of plan assets at beginning of period $ 155,412 $ 147,766
Fair value of plan assets at end of period 151,698 155,412
Fair Value, Inputs, Level 3    
Defined Benefit Plan, Change in Fair Value of Plan Assets, Level 3 Reconciliation [Roll Forward]    
Fair value of plan assets at beginning of period 2,018 1,743
Unrealized gains (losses) relating to instruments still held in the reporting period. 83 209
Purchases, sales, and settlements 0 0
Exchange rate changes (118) 66
Fair value of plan assets at end of period $ 1,983 $ 2,018
v3.25.0.1
Employee Benefit Plans - Expected Future Benefit Payments (Details)
$ in Thousands
Dec. 28, 2024
USD ($)
Employee Benefit Plans [Abstract]  
2024 $ 14,156
2025 11,833
2026 13,250
2027 13,043
2028 13,375
Years 2030 – 2034 $ 61,865
v3.25.0.1
Employee Benefit Plans - Multiemployer Pension Plans (Details)
$ in Thousands
12 Months Ended
Dec. 28, 2024
USD ($)
plan
Dec. 30, 2023
USD ($)
Dec. 31, 2022
USD ($)
Defined Benefit Plan Disclosure [Line Items]      
Contributions $ 3,604 $ 3,633 $ 3,450
Number of Multiemployer Plans, Certified Red Zone | plan 5    
Number Of Multiemployer Plans, Withdrawal Obligation | plan 4    
Multiemployer Plans, Withdrawal Obligation $ 4,400    
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] $ 1,465 1,443 1,516
Central States, Southeast and Southwest Areas Pension Plan [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Contributions [2] 513 714 899
Other Multiemployer Plans [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Contributions $ 1,626 $ 1,476 $ 1,035
[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 December 31, 2028.
[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 December 15, 2026.
v3.25.0.1
Derivatives (Details)
€ in Thousands, ¥ in Thousands, £ in Thousands, zł in Thousands, R$ in Thousands, $ in Thousands, $ in Thousands
12 Months Ended
Dec. 28, 2024
USD ($)
month
Dec. 30, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 28, 2024
EUR (€)
Dec. 28, 2024
BRL (R$)
Dec. 28, 2024
PLN (zł)
Dec. 28, 2024
JPY (¥)
Dec. 28, 2024
AUD ($)
Dec. 28, 2024
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 $ 36,600                
Net income 285,845 $ 660,389 $ 747,092            
Foreign exchange derivative adjustments | Designated as Hedging Instrument [Member] | Other Current Assets [Member]                  
Derivatives, Fair Value [Line Items]                  
Asset Derivatives Fair Value   15,900              
Foreign exchange derivative adjustments | Designated as Hedging Instrument [Member] | Accrued Liabilities                  
Derivatives, Fair Value [Line Items]                  
Asset Derivatives Fair Value (32,600)                
Foreign exchange derivative adjustments | Not Designated as Hedging Instrument [Member] | Other Current Assets [Member]                  
Derivatives, Fair Value [Line Items]                  
Asset Derivatives Fair Value 14,300                
Corn Option [Member] | Designated as Hedging Instrument [Member] | Accrued Liabilities                  
Derivatives, Fair Value [Line Items]                  
Derivative Liability, Fair Value, Gross Liability (100) 0              
Commodity derivative adjustments                  
Derivatives, Fair Value [Line Items]                  
Forward purchase amount 128,700                
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 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 $ 4,200 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 0.046
Weighted Average Derivative Receive Rate 0.05799     0.05799 0.05799 0.05799 0.05799 0.05799 0.05799
Cross Currency Interest Rate Contract | Designated as Hedging Instrument [Member] | Other Current Assets [Member]                  
Derivatives, Fair Value [Line Items]                  
Derivative Liability, Fair Value, Gross Liability $ 22,200                
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 | €       € 4,075          
Short [Member] | PLN/EUR [Member] | Not Designated as Hedging Instrument [Member]                  
Derivatives, Fair Value [Line Items]                  
Derivative, Notional Amount | zł           zł 47,915      
Short [Member] | PLN/USD | Not Designated as Hedging Instrument [Member]                  
Derivatives, Fair Value [Line Items]                  
Derivative, Notional Amount | zł           zł 469      
Short [Member] | GBPEUR [Member] | Not Designated as Hedging Instrument [Member]                  
Derivatives, Fair Value [Line Items]                  
Derivative, Notional Amount | £                 £ 346
Short [Member] | GBP/USD | Not Designated as Hedging Instrument [Member]                  
Derivatives, Fair Value [Line Items]                  
Derivative, Notional Amount | £                 247
Short [Member] | USD/JPN1 [Member] | Not Designated as Hedging Instrument [Member]                  
Derivatives, Fair Value [Line Items]                  
Derivative, Notional Amount 71                
Short [Member] | BRI/USD | Not Designated as Hedging Instrument [Member]                  
Derivatives, Fair Value [Line Items]                  
Derivative, Notional Amount | R$         R$ 2,864,438        
Short [Member] | EUR/AUD [Member] | Not Designated as Hedging Instrument [Member]                  
Derivatives, Fair Value [Line Items]                  
Derivative, Notional Amount | €       18,141          
Short [Member] | AUD/USD | Not Designated as Hedging Instrument [Member]                  
Derivatives, Fair Value [Line Items]                  
Derivative, Notional Amount               $ 478  
Long [Member] | EUR/GBP [Member] | Not Designated as Hedging Instrument [Member]                  
Derivatives, Fair Value [Line Items]                  
Derivative, Notional Amount | £                 £ 3,384
Long [Member] | PLN/EUR [Member] | Not Designated as Hedging Instrument [Member]                  
Derivatives, Fair Value [Line Items]                  
Derivative, Notional Amount | €       11,211          
Long [Member] | PLN/USD | Not Designated as Hedging Instrument [Member]                  
Derivatives, Fair Value [Line Items]                  
Derivative, Notional Amount 116                
Long [Member] | GBPEUR [Member] | Not Designated as Hedging Instrument [Member]                  
Derivatives, Fair Value [Line Items]                  
Derivative, Notional Amount | €       € 416          
Long [Member] | GBP/USD | Not Designated as Hedging Instrument [Member]                  
Derivatives, Fair Value [Line Items]                  
Derivative, Notional Amount 312                
Long [Member] | USD/JPN1 [Member] | Not Designated as Hedging Instrument [Member]                  
Derivatives, Fair Value [Line Items]                  
Derivative, Notional Amount | ¥             ¥ 10,807    
Long [Member] | BRI/USD | Not Designated as Hedging Instrument [Member]                  
Derivatives, Fair Value [Line Items]                  
Derivative, Notional Amount $ 506,181                
Long [Member] | EUR/AUD [Member] | Not Designated as Hedging Instrument [Member]                  
Derivatives, Fair Value [Line Items]                  
Derivative, Notional Amount               $ 29,770  
Long [Member] | AUD/USD | Not Designated as Hedging Instrument [Member]                  
Derivatives, Fair Value [Line Items]                  
Derivative, Notional Amount   $ 305              
v3.25.0.1
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. 28, 2024
USD ($)
Dec. 30, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 28, 2024
EUR (€)
Dec. 28, 2024
BRL (R$)
Dec. 28, 2024
PLN (zł)
Dec. 28, 2024
JPY (¥)
Dec. 28, 2024
CNY (¥)
Dec. 28, 2024
AUD ($)
Dec. 28, 2024
GBP (£)
Not Designated as Hedging Instrument [Member]                    
Derivative [Line Items]                    
Derivative, Gain (Loss) on Derivative, Net $ 13,495 $ (12,032) $ 38,180              
Foreign exchange derivative adjustments | Foreign Currency Gain (Loss) [Member] | Not Designated as Hedging Instrument [Member]                    
Derivative [Line Items]                    
Derivative, Gain (Loss) on Derivative, Net (3,466) (2,031) 42,690              
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 16,908 (7,109) (4,200)              
Foreign exchange derivative adjustments | Sales [Member] | Not Designated as Hedging Instrument [Member]                    
Derivative [Line Items]                    
Derivative, Gain (Loss) on Derivative, Net 966 (1,789) (1,108)              
Foreign exchange derivative adjustments | Cost of Sales [Member] | Not Designated as Hedging Instrument [Member]                    
Derivative [Line Items]                    
Derivative, Gain (Loss) on Derivative, Net $ (270) $ (294) $ (949)              
BRI/EUR 1 [Member] | Short [Member] | Not Designated as Hedging Instrument [Member]                    
Derivative [Line Items]                    
Derivative, Notional Amount | R$         R$ 515,922          
BRI/EUR 1 [Member] | Long [Member] | Not Designated as Hedging Instrument [Member]                    
Derivative [Line Items]                    
Derivative, Notional Amount | €       € 80,054            
Soybean Meal [Member]                    
Derivative [Line Items]                    
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Total net sales Total net sales Total net sales              
Soybean Meal [Member] | Not Designated as Hedging Instrument [Member]                    
Derivative [Line Items]                    
Derivative, Gain (Loss) on Derivative, Net $ 0 $ 282 $ (1,730)              
EUR/USD [Member] | Short [Member] | Not Designated as Hedging Instrument [Member]                    
Derivative [Line Items]                    
Derivative, Notional Amount 562,340     37,123            
EUR/USD [Member] | Long [Member] | Not Designated as Hedging Instrument [Member]                    
Derivative [Line Items]                    
Derivative, Notional Amount 39,104     519,182            
EUR/PLN [Member] | Short [Member] | Not Designated as Hedging Instrument [Member]                    
Derivative [Line Items]                    
Derivative, Notional Amount | €       87,275            
EUR/PLN [Member] | Long [Member] | Not Designated as Hedging Instrument [Member]                    
Derivative [Line Items]                    
Derivative, Notional Amount | zł           zł 373,446        
EUR/JPN [Member] | Short [Member] | Not Designated as Hedging Instrument [Member]                    
Derivative [Line Items]                    
Derivative, Notional Amount | €       10,875            
EUR/JPN [Member] | Long [Member] | Not Designated as Hedging Instrument [Member]                    
Derivative [Line Items]                    
Derivative, Notional Amount | ¥             ¥ 1,753,983      
EUR/CNY [Member] | Short [Member] | Not Designated as Hedging Instrument [Member]                    
Derivative [Line Items]                    
Derivative, Notional Amount | €       25,413            
EUR/CNY [Member] | Long [Member] | Not Designated as Hedging Instrument [Member]                    
Derivative [Line Items]                    
Derivative, Notional Amount | ¥               ¥ 195,569    
EUR/AUD [Member] | Short [Member] | Not Designated as Hedging Instrument [Member]                    
Derivative [Line Items]                    
Derivative, Notional Amount | €       18,141            
EUR/AUD [Member] | Long [Member] | Not Designated as Hedging Instrument [Member]                    
Derivative [Line Items]                    
Derivative, Notional Amount                 $ 29,770  
EUR/GBP [Member] | Short [Member] | Not Designated as Hedging Instrument [Member]                    
Derivative [Line Items]                    
Derivative, Notional Amount | €       4,075            
EUR/GBP [Member] | Long [Member] | Not Designated as Hedging Instrument [Member]                    
Derivative [Line Items]                    
Derivative, Notional Amount | £                   £ 3,384
PLN/EUR [Member] | Short [Member] | Not Designated as Hedging Instrument [Member]                    
Derivative [Line Items]                    
Derivative, Notional Amount | zł           zł 47,915        
PLN/EUR [Member] | Long [Member] | Not Designated as Hedging Instrument [Member]                    
Derivative [Line Items]                    
Derivative, Notional Amount | €       11,211            
GBPEUR [Member] | Short [Member] | Not Designated as Hedging Instrument [Member]                    
Derivative [Line Items]                    
Derivative, Notional Amount | £                   £ 346
GBPEUR [Member] | Long [Member] | Not Designated as Hedging Instrument [Member]                    
Derivative [Line Items]                    
Derivative, Notional Amount | €       € 416            
JPN/USD [Member] | Short [Member] | Not Designated as Hedging Instrument [Member]                    
Derivative [Line Items]                    
Derivative, Notional Amount | ¥             23,557      
JPN/USD [Member] | Long [Member] | Not Designated as Hedging Instrument [Member]                    
Derivative [Line Items]                    
Derivative, Notional Amount 154                  
Corn options and futures [Member] | Sales [Member] | Not Designated as Hedging Instrument [Member]                    
Derivative [Line Items]                    
Derivative, Gain (Loss) on Derivative, Net 652 1,945 (2,092)              
Corn options and futures [Member] | Cost of Sales [Member] | Not Designated as Hedging Instrument [Member]                    
Derivative [Line Items]                    
Derivative, Gain (Loss) on Derivative, Net $ (1,295) $ (3,085) $ 5,447              
Heating Oil Swaps And Options [Member]                    
Derivative [Line Items]                    
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Total net sales Total net sales Total net sales              
Heating Oil Swaps And Options [Member] | Not Designated as Hedging Instrument [Member]                    
Derivative [Line Items]                    
Derivative, Gain (Loss) on Derivative, Net $ 0 $ 49 $ 122              
USD/JPN1 [Member] | Short [Member] | Not Designated as Hedging Instrument [Member]                    
Derivative [Line Items]                    
Derivative, Notional Amount $ 71                  
USD/JPN1 [Member] | Long [Member] | Not Designated as Hedging Instrument [Member]                    
Derivative [Line Items]                    
Derivative, Notional Amount | ¥             ¥ 10,807      
v3.25.0.1
Fair Value Measurement - Financial Instruments Measured at Fair Value on Recurring and Nonrecurring Basis (Details) - USD ($)
$ in Thousands
Dec. 28, 2024
Dec. 30, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Asset, Statement of Financial Position [Extensible Enumeration] Other assets Other assets
Derivative Liability, Statement of Financial Position [Extensible Enumeration] Other noncurrent liabilities Accrued expenses
Contingent consideration $ 0 $ 86,495
Fair Value, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative assets 30,693 29,000
Total Assets 30,693 29,000
Derivative liabilities 41,920 19,997
Contingent consideration 28,862 86,495
Total Liabilities 70,782 106,492
Fair Value, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1)    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative assets 0 0
Total Assets 0 0
Derivative liabilities 0 0
Contingent consideration 0 0
Total Liabilities 0 0
Fair Value, Recurring | Significant Other Observable Inputs (Level 2)    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative assets 30,693 29,000
Total Assets 30,693 29,000
Derivative liabilities 41,920 19,997
Contingent consideration 0 0
Total Liabilities 41,920 19,997
Fair Value, Recurring | Fair Value, Inputs, Level 3    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative assets 0 0
Total Assets 0 0
Derivative liabilities 0 0
Contingent consideration 28,862 86,495
Total Liabilities $ 28,862 $ 86,495
v3.25.0.1
Fair Value Measurement - Contingent Consideration (Details) - Contingent Consideration - USD ($)
$ in Thousands
12 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Beginning balance $ 86,495 $ 169,903
Out of period correction   (85,144)
Total included in earnings during period (46,706) (5,835)
Exchange rate changes (10,927) 7,571
Ending balance $ 28,862 $ 86,495
v3.25.0.1
Fair Value Measurement - Financial Instruments Not Carried at Fair Value (Details) - USD ($)
$ in Thousands
Dec. 28, 2024
Dec. 30, 2023
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value $ 3,911,374 $ 4,322,376
Quoted Prices in Active Markets for Identical Assets (Level 1)    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value 0 0
Significant Other Observable Inputs (Level 2)    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value 3,911,374 4,322,376
Fair Value, Inputs, Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value 0 0
Fair Value, Recurring | Term A-1 Facility | Quoted Prices in Active Markets for Identical Assets (Level 1)    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value 0 0
Fair Value, Recurring | Term A-1 Facility | Significant Other Observable Inputs (Level 2)    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value 395,015 398,000
Fair Value, Recurring | Term A-1 Facility | Fair Value, Inputs, Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value 0 0
Fair Value, Recurring | Term A-2 Facility | Quoted Prices in Active Markets for Identical Assets (Level 1)    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value 0 0
Fair Value, Recurring | Term A-2 Facility | Significant Other Observable Inputs (Level 2)    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value 469,516 478,844
Fair Value, Recurring | Term A-2 Facility | Fair Value, Inputs, Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value 0 0
Fair Value, Recurring | Term A-3 Facility | Quoted Prices in Active Markets for Identical Assets (Level 1)    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value 0 0
Fair Value, Recurring | Term A-3 Facility | Significant Other Observable Inputs (Level 2)    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value 296,261 298,500
Fair Value, Recurring | Term A-3 Facility | Fair Value, Inputs, Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value 0 0
Fair Value, Recurring | Term A-4 Facility | Quoted Prices in Active Markets for Identical Assets (Level 1)    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value 0 0
Fair Value, Recurring | Term A-4 Facility | Significant Other Observable Inputs (Level 2)    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value 478,844 488,172
Fair Value, Recurring | Term A-4 Facility | Fair Value, Inputs, Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value 0 0
Fair Value, Recurring | Revolving Credit Facility | Quoted Prices in Active Markets for Identical Assets (Level 1)    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value 0 0
Fair Value, Recurring | Revolving Credit Facility | Significant Other Observable Inputs (Level 2)    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value 264,330 604,766
Fair Value, Recurring | Revolving Credit Facility | Fair Value, Inputs, Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value 0 0
Senior Notes 6% Due 2030 | Fair Value, Recurring | Senior Notes    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value 982,500 1,000,000
Senior Notes 6% Due 2030 | Fair Value, Recurring | Senior Notes | Quoted Prices in Active Markets for Identical Assets (Level 1)    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value 0 0
Senior Notes 6% Due 2030 | Fair Value, Recurring | Senior Notes | Significant Other Observable Inputs (Level 2)    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value 982,500 1,000,000
Senior Notes 6% Due 2030 | Fair Value, Recurring | Senior Notes | Fair Value, Inputs, Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value 0 0
Senior Notes 5.25% Due 2027 | Fair Value, Recurring | Senior Notes    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value 490,000 493,100
Senior Notes 5.25% Due 2027 | Fair Value, Recurring | Senior Notes | Quoted Prices in Active Markets for Identical Assets (Level 1)    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value 0 0
Senior Notes 5.25% Due 2027 | Fair Value, Recurring | Senior Notes | Significant Other Observable Inputs (Level 2)    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value 490,000 493,100
Senior Notes 5.25% Due 2027 | Fair Value, Recurring | Senior Notes | Fair Value, Inputs, Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value 0 0
Senior Notes 3.625% Due 2026 | Fair Value, Recurring | Senior Notes    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value 534,908 560,994
Senior Notes 3.625% Due 2026 | Fair Value, Recurring | Senior Notes | Quoted Prices in Active Markets for Identical Assets (Level 1)    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value 0 0
Senior Notes 3.625% Due 2026 | Fair Value, Recurring | Senior Notes | Significant Other Observable Inputs (Level 2)    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value 534,908 560,994
Senior Notes 3.625% Due 2026 | Fair Value, Recurring | Senior Notes | Fair Value, Inputs, Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value 0 0
Term A-1 Facility | Fair Value, Recurring    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value 395,015 398,000
Term A-2 Facility | Fair Value, Recurring    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value 469,516 478,844
Term A-3 Facility | Fair Value, Recurring    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value 296,261 298,500
Term A-4 Facility | Fair Value, Recurring    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value 478,844 488,172
Revolving Credit Facility | Fair Value, Recurring    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term Debt, Fair Value $ 264,330 $ 604,766
v3.25.0.1
Asset Impairment, Exit and Restructuring Costs (Details)
$ in Thousands
1 Months Ended 12 Months Ended
Dec. 31, 2022
USD ($)
Dec. 28, 2024
USD ($)
agreement
Dec. 30, 2023
USD ($)
location
Dec. 31, 2022
USD ($)
Restructuring Cost and Reserve [Line Items]        
Restructuring Costs and Asset Impairment Charges   $ 5,794 $ 18,553 $ 29,666
Asset impairment   0 4,734 29,666
Food Ingredients        
Restructuring Cost and Reserve [Line Items]        
Asset impairment   1,800 18,400  
Feed Ingredients        
Restructuring Cost and Reserve [Line Items]        
Asset impairment   2,900 8,600  
Employee Severance [Member] | Food Ingredients        
Restructuring Cost and Reserve [Line Items]        
Restructuring Costs and Asset Impairment Charges   1,700 1,300  
Employee Severance [Member] | Food Ingredients | MASSACHUSETTS        
Restructuring Cost and Reserve [Line Items]        
Restructuring Costs and Asset Impairment Charges     5,400  
Employee Severance [Member] | Feed Ingredients        
Restructuring Cost and Reserve [Line Items]        
Restructuring Costs and Asset Impairment Charges   1,000 100  
Facility Closing        
Restructuring Cost and Reserve [Line Items]        
Asset impairment $ 21,100     $ 8,600
Facility Closing | Food Ingredients        
Restructuring Cost and Reserve [Line Items]        
Restructuring Costs and Asset Impairment Charges   $ 2,100 100  
Restructuring and Related Cost, Number of Locations Closed or Transferred | agreement   3    
Facility Closing | Food Ingredients | MASSACHUSETTS        
Restructuring Cost and Reserve [Line Items]        
Restructuring Costs and Asset Impairment Charges     5,900  
Asset impairment     1,800  
Facility Closing | Feed Ingredients        
Restructuring Cost and Reserve [Line Items]        
Restructuring Costs and Asset Impairment Charges   $ 3,700 1,000  
Asset impairment     $ 2,900  
Restructuring and Related Cost, Number of Locations Closed or Transferred   1 3  
Other Restructuring | Food Ingredients        
Restructuring Cost and Reserve [Line Items]        
Restructuring Costs and Asset Impairment Charges   $ 400    
Other Restructuring | Feed Ingredients        
Restructuring Cost and Reserve [Line Items]        
Restructuring Costs and Asset Impairment Charges   $ 2,700    
v3.25.0.1
Concentration of Credit Risk (Details) - Customer Concentration Risk [Member] - Corporate Joint Venture
12 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Dec. 31, 2022
Revenue Benchmark      
Concentration Risk [Line Items]      
Concentration Risk, Percentage 17.00% 20.00% 17.00%
Accounts Receivable      
Concentration Risk [Line Items]      
Concentration Risk, Percentage   22.00%  
v3.25.0.1
Contingencies (Details)
$ in Millions
1 Months Ended 12 Months Ended
Jun. 30, 2018
Party
Sep. 30, 2021
USD ($)
mi
Nov. 30, 2019
USD ($)
Mar. 31, 2016
Party
mi
Dec. 28, 2024
USD ($)
contaminant
Dec. 30, 2023
USD ($)
Loss Contingencies [Line Items]            
Loss Contingency, Estimate of Possible Loss, Area of Land | mi   9   8.3    
Loss Contingency, Estimate of Possible Loss         $ 1,380.0  
Loss Contingency, Number of Parties | Party 100     100    
Number of Contaminants | contaminant         8  
Gain (Loss) from Litigation Settlement     $ 0.6      
Insurance Environmental and Litigation Matters [Member]            
Loss Contingencies [Line Items]            
Reserves for insurance, environmental and litigation contingencies         $ 97.1 $ 95.1
Insurance Settlements Receivable, Noncurrent         39.0 $ 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) from Litigation Settlement     0.3      
Plant, Two [Member]            
Loss Contingencies [Line Items]            
Gain (Loss) from Litigation Settlement     $ 0.3      
Lower Passaic River Area            
Loss Contingencies [Line Items]            
Loss Contingency, Estimate of Possible Loss   $ 441.0        
Loss Contingency, Damages Paid, Value         $ 0.3  
v3.25.0.1
Business Segments (Narrative) (Details)
$ in Thousands
12 Months Ended
Dec. 28, 2024
USD ($)
Facility
segment
continent
Dec. 30, 2023
USD ($)
Dec. 31, 2022
USD ($)
Segment Reporting Information [Line Items]      
Number of Business Segments | segment 3    
Capital expenditures for the year ended: $ 332,465 $ 555,480 $ 391,309
Capital assets $ 37,400 $ 155,500 $ 588,800
Expected Business Combination, Number of Continents in which Entity Operates | continent 5    
Minimum      
Segment Reporting Information [Line Items]      
Number of Processing and Transfer Facilities | Facility 260    
v3.25.0.1
Business Segments (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Dec. 31, 2022
Segment Reporting Information [Line Items]      
Total net sales $ 5,715,175 $ 6,788,080 $ 6,532,204
Cost of sales and operating expenses 4,437,337 5,143,060 5,002,609
Gross Margin 1,277,838 1,645,020 1,529,595
Gain on sale of assets (4,157) (7,421) (4,494)
Selling, general and administrative expenses 492,105 542,534 436,608
Restructuring Costs and Asset Impairment Charges 5,794 18,553 29,666
Depreciation and amortization 503,825 502,015 394,721
Acquisition and integration costs 7,842 13,884 16,372
Change in fair value of contingent consideration (46,706) (7,891) 0
Equity In net income of Diamond Green Diesel 149,082 366,380 372,346
Segment operating income/(loss) 468,217 949,726 1,029,068
Equity in net income of other unconsolidated subsidiaries 11,994 5,011 5,102
Segment income/(loss) 480,211 954,737 1,034,170
Total other expense (b) (232,703) (234,780) (140,452)
Income before income taxes 247,508 719,957 893,718
Total assets 10,070,473 11,061,084  
Interest income 16,000 16,400 5,300
Casualty Gain (Loss) 20,700 7,800 (4,600)
Other pension (expense) income excluding service cost (1,800) (1,500) 1,100
Other income/(expense) (12,600) (6,400) (5,400)
Capital expenditures for the year ended: 332,465 555,480 391,309
Capital assets 37,400 155,500 588,800
North America      
Segment Reporting Information [Line Items]      
Total net sales 3,249,871 4,165,712 4,222,058
Europe      
Segment Reporting Information [Line Items]      
Total net sales 1,627,060 1,691,449 1,769,973
China      
Segment Reporting Information [Line Items]      
Total net sales 266,468 308,572 284,684
South America      
Segment Reporting Information [Line Items]      
Total net sales 504,516 534,082 187,343
Feed Ingredients      
Segment Reporting Information [Line Items]      
Total net sales 3,675,609 4,472,592 4,539,000
Feed Ingredients | North America      
Segment Reporting Information [Line Items]      
Total net sales 2,847,178 3,696,423 3,852,559
Feed Ingredients | Europe      
Segment Reporting Information [Line Items]      
Total net sales 414,839 373,180 502,432
Feed Ingredients | China      
Segment Reporting Information [Line Items]      
Total net sales 28,409 27,433 25,100
Feed Ingredients | South America      
Segment Reporting Information [Line Items]      
Total net sales 369,759 362,657 146,682
Food Ingredients      
Segment Reporting Information [Line Items]      
Total net sales 1,489,101 1,752,065 1,459,630
Food Ingredients | North America      
Segment Reporting Information [Line Items]      
Total net sales 402,693 469,289 369,499
Food Ingredients | Europe      
Segment Reporting Information [Line Items]      
Total net sales 661,756 754,846 733,967
Food Ingredients | China      
Segment Reporting Information [Line Items]      
Total net sales 238,059 281,139 259,584
Food Ingredients | South America      
Segment Reporting Information [Line Items]      
Total net sales 134,757 171,425 40,661
Fuel Ingredients      
Segment Reporting Information [Line Items]      
Total net sales 550,465 563,423 533,574
Fuel Ingredients | North America      
Segment Reporting Information [Line Items]      
Total net sales 0 0 0
Fuel Ingredients | Europe      
Segment Reporting Information [Line Items]      
Total net sales 550,465 563,423 533,574
Fuel Ingredients | China      
Segment Reporting Information [Line Items]      
Total net sales 0 0 0
Fuel Ingredients | South America      
Segment Reporting Information [Line Items]      
Total net sales 0 0 0
Operating Segments | Feed Ingredients      
Segment Reporting Information [Line Items]      
Total net sales 3,675,609 4,472,592 4,539,000
Cost of sales and operating expenses 2,886,125 3,385,859 3,473,506
Gross Margin 789,484 1,086,733 1,065,494
Gain on sale of assets (669) 814 (3,426)
Selling, general and administrative expenses 279,095 310,363 258,781
Restructuring Costs and Asset Impairment Charges 3,671 4,026 8,557
Depreciation and amortization 350,141 360,249 295,249
Acquisition and integration costs 0 0 0
Change in fair value of contingent consideration (46,706) (7,891)  
Equity In net income of Diamond Green Diesel 0 0 0
Segment operating income/(loss) 203,952 419,172 506,333
Equity in net income of other unconsolidated subsidiaries 11,994 5,011 5,102
Segment income/(loss) 215,946 424,183 511,435
Total assets 4,100,841 4,702,593  
Capital expenditures for the year ended: 219,541 413,831 270,157
Operating Segments | Food Ingredients      
Segment Reporting Information [Line Items]      
Total net sales 1,489,101 1,752,065 1,459,630
Cost of sales and operating expenses 1,115,348 1,310,581 1,102,250
Gross Margin 373,753 441,484 357,380
Gain on sale of assets (1,758) (8,144) (1,008)
Selling, general and administrative expenses 119,604 128,464 101,681
Restructuring Costs and Asset Impairment Charges 2,123 14,527 21,109
Depreciation and amortization 109,102 94,991 59,029
Acquisition and integration costs 0 0 0
Change in fair value of contingent consideration 0 0  
Equity In net income of Diamond Green Diesel 0 0 0
Segment operating income/(loss) 144,682 211,646 176,569
Equity in net income of other unconsolidated subsidiaries 0 0 0
Segment income/(loss) 144,682 211,646 176,569
Total assets 1,997,827 2,646,702  
Capital expenditures for the year ended: 81,808 92,704 72,301
Operating Segments | Fuel Ingredients      
Segment Reporting Information [Line Items]      
Total net sales 550,465 563,423 533,574
Cost of sales and operating expenses 435,864 446,620 426,853
Gross Margin 114,601 116,803 106,721
Gain on sale of assets (1,730) (91) (60)
Selling, general and administrative expenses 32,370 23,543 13,690
Restructuring Costs and Asset Impairment Charges 0 0 0
Depreciation and amortization 35,876 34,466 29,500
Acquisition and integration costs 0 0 0
Change in fair value of contingent consideration 0 0  
Equity In net income of Diamond Green Diesel 149,082 366,380 372,346
Segment operating income/(loss) 197,167 425,265 435,937
Equity in net income of other unconsolidated subsidiaries 0 0 0
Segment income/(loss) 197,167 425,265 435,937
Total assets 2,489,149 2,589,145  
Capital expenditures for the year ended: 27,230 39,053 37,568
Corporate      
Segment Reporting Information [Line Items]      
Total net sales 0 0 0
Cost of sales and operating expenses 0 0 0
Gross Margin 0 0 0
Gain on sale of assets 0 0 0
Selling, general and administrative expenses 61,036 80,164 62,456
Restructuring Costs and Asset Impairment Charges 0 0 0
Depreciation and amortization 8,706 12,309 10,943
Acquisition and integration costs 7,842 13,884 16,372
Change in fair value of contingent consideration 0 0  
Equity In net income of Diamond Green Diesel 0 0 0
Segment operating income/(loss) (77,584) (106,357) (89,771)
Equity in net income of other unconsolidated subsidiaries 0 0 0
Segment income/(loss) (77,584) (106,357) (89,771)
Total assets 1,482,656 1,122,644  
Capital expenditures for the year ended: $ 3,886 $ 9,892 $ 11,283
v3.25.0.1
Business Segments - Long Lived Assets (Details) - USD ($)
$ in Thousands
Dec. 28, 2024
Dec. 30, 2023
Revenues from External Customers and Long-Lived Assets [Line Items]    
Long-Lived Assets $ 8,631,037 $ 9,205,418
North America    
Revenues from External Customers and Long-Lived Assets [Line Items]    
Long-Lived Assets 5,518,153 5,667,606
Europe    
Revenues from External Customers and Long-Lived Assets [Line Items]    
Long-Lived Assets 1,344,033 1,329,466
China    
Revenues from External Customers and Long-Lived Assets [Line Items]    
Long-Lived Assets 115,152 116,698
South America    
Revenues from External Customers and Long-Lived Assets [Line Items]    
Long-Lived Assets 1,636,246 2,072,840
Other    
Revenues from External Customers and Long-Lived Assets [Line Items]    
Long-Lived Assets $ 17,453 $ 18,808
v3.25.0.1
Revenue (Details)
$ in Millions
12 Months Ended
Dec. 28, 2024
USD ($)
source
Dec. 30, 2023
USD ($)
Dec. 31, 2022
USD ($)
Revenue from Contract with Customer [Abstract]      
Number of Revenue Sources | source 2    
Revenue recognized | $ $ 156.3 $ 171.1 $ 168.4
v3.25.0.1
Revenue Disaggregation of revenues (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Dec. 31, 2022
Disaggregation of Revenue [Line Items]      
Total net sales $ 5,715,175 $ 6,788,080 $ 6,532,204
North America      
Disaggregation of Revenue [Line Items]      
Total net sales 3,249,871 4,165,712 4,222,058
Europe      
Disaggregation of Revenue [Line Items]      
Total net sales 1,627,060 1,691,449 1,769,973
China      
Disaggregation of Revenue [Line Items]      
Total net sales 266,468 308,572 284,684
South America      
Disaggregation of Revenue [Line Items]      
Total net sales 504,516 534,082 187,343
Other Geographical Areas [Member]      
Disaggregation of Revenue [Line Items]      
Total net sales 67,260 88,265 68,146
Fats [Member]      
Disaggregation of Revenue [Line Items]      
Total net sales 1,464,012 1,904,079 2,156,857
Used Cooking Oil [Member]      
Disaggregation of Revenue [Line Items]      
Total net sales 351,309 497,657 519,119
Proteins [Member]      
Disaggregation of Revenue [Line Items]      
Total net sales 1,484,581 1,672,027 1,476,553
Bakery [Member]      
Disaggregation of Revenue [Line Items]      
Total net sales 190,462 255,214 333,442
Other Rendering [Member]      
Disaggregation of Revenue [Line Items]      
Total net sales 293,648 243,525 200,945
Food Ingredients, Products and Services [Member]      
Disaggregation of Revenue [Line Items]      
Total net sales 1,232,521 1,476,875 1,121,995
Bioenergy [Member]      
Disaggregation of Revenue [Line Items]      
Total net sales 550,465 563,423 533,574
Other, Products And Services [Member]      
Disaggregation of Revenue [Line Items]      
Total net sales 148,177 175,280 189,719
Food Ingredients      
Disaggregation of Revenue [Line Items]      
Total net sales 1,489,101 1,752,065 1,459,630
Food Ingredients | North America      
Disaggregation of Revenue [Line Items]      
Total net sales 402,693 469,289 369,499
Food Ingredients | Europe      
Disaggregation of Revenue [Line Items]      
Total net sales 661,756 754,846 733,967
Food Ingredients | China      
Disaggregation of Revenue [Line Items]      
Total net sales 238,059 281,139 259,584
Food Ingredients | South America      
Disaggregation of Revenue [Line Items]      
Total net sales 134,757 171,425 40,661
Food Ingredients | Other Geographical Areas [Member]      
Disaggregation of Revenue [Line Items]      
Total net sales 51,836 75,366 55,919
Food Ingredients | Fats [Member]      
Disaggregation of Revenue [Line Items]      
Total net sales 160,184 164,730 205,674
Food Ingredients | Used Cooking Oil [Member]      
Disaggregation of Revenue [Line Items]      
Total net sales 0 0 0
Food Ingredients | Proteins [Member]      
Disaggregation of Revenue [Line Items]      
Total net sales 0 0 0
Food Ingredients | Bakery [Member]      
Disaggregation of Revenue [Line Items]      
Total net sales 0 0 0
Food Ingredients | Other Rendering [Member]      
Disaggregation of Revenue [Line Items]      
Total net sales 0 0 0
Food Ingredients | Food Ingredients, Products and Services [Member]      
Disaggregation of Revenue [Line Items]      
Total net sales 1,232,521 1,476,875 1,121,995
Food Ingredients | Bioenergy [Member]      
Disaggregation of Revenue [Line Items]      
Total net sales 0 0 0
Food Ingredients | Other, Products And Services [Member]      
Disaggregation of Revenue [Line Items]      
Total net sales 96,396 110,460 131,961
Fuel Ingredients      
Disaggregation of Revenue [Line Items]      
Total net sales 550,465 563,423 533,574
Fuel Ingredients | North America      
Disaggregation of Revenue [Line Items]      
Total net sales 0 0 0
Fuel Ingredients | Europe      
Disaggregation of Revenue [Line Items]      
Total net sales 550,465 563,423 533,574
Fuel Ingredients | China      
Disaggregation of Revenue [Line Items]      
Total net sales 0 0 0
Fuel Ingredients | South America      
Disaggregation of Revenue [Line Items]      
Total net sales 0 0 0
Fuel Ingredients | Other Geographical Areas [Member]      
Disaggregation of Revenue [Line Items]      
Total net sales 0 0 0
Fuel Ingredients | Fats [Member]      
Disaggregation of Revenue [Line Items]      
Total net sales 0 0 0
Fuel Ingredients | Used Cooking Oil [Member]      
Disaggregation of Revenue [Line Items]      
Total net sales 0 0 0
Fuel Ingredients | Proteins [Member]      
Disaggregation of Revenue [Line Items]      
Total net sales 0 0 0
Fuel Ingredients | Bakery [Member]      
Disaggregation of Revenue [Line Items]      
Total net sales 0 0 0
Fuel Ingredients | Other Rendering [Member]      
Disaggregation of Revenue [Line Items]      
Total net sales 0 0 0
Fuel Ingredients | Food Ingredients, Products and Services [Member]      
Disaggregation of Revenue [Line Items]      
Total net sales 0 0 0
Fuel Ingredients | Bioenergy [Member]      
Disaggregation of Revenue [Line Items]      
Total net sales 550,465 563,423 533,574
Fuel Ingredients | Other, Products And Services [Member]      
Disaggregation of Revenue [Line Items]      
Total net sales 0 0 0
Feed Ingredients      
Disaggregation of Revenue [Line Items]      
Total net sales 3,675,609 4,472,592 4,539,000
Feed Ingredients | North America      
Disaggregation of Revenue [Line Items]      
Total net sales 2,847,178 3,696,423 3,852,559
Feed Ingredients | Europe      
Disaggregation of Revenue [Line Items]      
Total net sales 414,839 373,180 502,432
Feed Ingredients | China      
Disaggregation of Revenue [Line Items]      
Total net sales 28,409 27,433 25,100
Feed Ingredients | South America      
Disaggregation of Revenue [Line Items]      
Total net sales 369,759 362,657 146,682
Feed Ingredients | Other Geographical Areas [Member]      
Disaggregation of Revenue [Line Items]      
Total net sales 15,424 12,899 12,227
Feed Ingredients | Fats [Member]      
Disaggregation of Revenue [Line Items]      
Total net sales 1,303,828 1,739,349 1,951,183
Feed Ingredients | Used Cooking Oil [Member]      
Disaggregation of Revenue [Line Items]      
Total net sales 351,309 497,657 519,119
Feed Ingredients | Proteins [Member]      
Disaggregation of Revenue [Line Items]      
Total net sales 1,484,581 1,672,027 1,476,553
Feed Ingredients | Bakery [Member]      
Disaggregation of Revenue [Line Items]      
Total net sales 190,462 255,214 333,442
Feed Ingredients | Other Rendering [Member]      
Disaggregation of Revenue [Line Items]      
Total net sales 293,648 243,525 200,945
Feed Ingredients | Food Ingredients, Products and Services [Member]      
Disaggregation of Revenue [Line Items]      
Total net sales 0 0 0
Feed Ingredients | Bioenergy [Member]      
Disaggregation of Revenue [Line Items]      
Total net sales 0 0 0
Feed Ingredients | Other, Products And Services [Member]      
Disaggregation of Revenue [Line Items]      
Total net sales $ 51,781 $ 64,820 $ 57,758
v3.25.0.1
Revenue Long-Term Performance Obligations (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Dec. 31, 2022
Revenue from Contract with Customer [Abstract]      
Revenue recognized $ 156.3 $ 171.1 $ 168.4
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 3 years    
Remaining performance obligation $ 610.7    
v3.25.0.1
Related Party Transactions (Details)
3 Months Ended 12 Months Ended
Jun. 15, 2023
USD ($)
Apr. 01, 2021
USD ($)
agreement
May 01, 2019
USD ($)
Mar. 30, 2024
USD ($)
Dec. 28, 2024
USD ($)
Dec. 30, 2023
USD ($)
Dec. 31, 2022
USD ($)
Feb. 25, 2020
USD ($)
agreement
Related Party Transaction [Line Items]                
Revenue from Contract with Customer, Excluding Assessed Tax         $ 5,715,175,000 $ 6,788,080,000 $ 6,532,204,000  
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         968,900,000 1,300,000,000 1,100,000,000  
Accounts receivable         9,500,000 172,300,000    
Related Party, Sales Eliminated         50,500,000 79,400,000 62,800,000  
Deferred Revenue, Additions         3,700,000 16,100,000 15,800,000  
Revolving Credit Facility | Revolving Loan Agreement [Member]                
Related Party Transaction [Line Items]                
Line of Credit Facility, Maximum Borrowing Capacity $ 200,000,000.0   $ 50,000,000.0          
Line of Credit Facility, Fair Value of Amount Outstanding         0 0    
Line of Credit Facility, Amount Borrowed       $ 200,000,000.0 50,000,000.0      
Interest Expense, Long-term Debt         1,600,000 $ 600,000 $ 600,000  
Lender One [Member] | Revolving Credit Facility | Revolving Loan Agreement [Member]                
Related Party Transaction [Line Items]                
Line of Credit Facility, Maximum Borrowing Capacity $ 100,000,000.0   $ 25,000,000.0          
Line of Credit Facility, Amount Borrowed       $ 100,000,000.0 $ 25,000,000.0      
LIBO Rate [Member] | Revolving Credit Facility | Revolving Loan Agreement [Member]                
Related Party Transaction [Line Items]                
Debt instrument, basis spread on variable rate     2.50%          
Secured Overnight Financing Rate (SOFR) | Revolving Credit Facility | Revolving Loan Agreement [Member]                
Related Party Transaction [Line Items]                
Debt instrument, basis spread on variable rate 2.50%              
v3.25.0.1
Cash Flow Information (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Dec. 31, 2022
Nonmonetary Transactions [Abstract]      
Change in accrued capital expenditures $ (19,167) $ 2,222 $ 9,558
Interest, net of capitalized interest 243,679 261,321 113,362
Income taxes, net of refunds 102,680 152,670 113,013
Operating lease right of use asset obtained in exchange for new lease liabilities 73,118 79,462 70,269
Debt issued for assets $ 362 $ 3,827 $ 6,103