2024 Q1 Form 10-K Financial Statement

#000080248124000015 Filed on February 27, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $4.362B $4.528B $17.36B
YoY Change 4.71% 9.71% -0.61%
Cost Of Revenue $3.978B $4.207B $16.24B
YoY Change -0.36% 4.36% 3.75%
Gross Profit $383.9M $321.0M $1.118B
YoY Change 121.85% 235.19% -38.27%
Gross Profit Margin 8.8% 7.09% 6.44%
Selling, General & Admin $119.1M $131.1M $551.8M
YoY Change -10.92% -8.23% -8.76%
% of Gross Profit 31.02% 40.83% 49.34%
Research & Development $5.700M
YoY Change -54.4%
% of Gross Profit 0.51%
Depreciation & Amortization $103.4M $112.5M $419.9M
YoY Change 5.18% 10.12% 4.17%
% of Gross Profit 26.92% 35.04% 37.54%
Operating Expenses $119.1M $131.1M $557.5M
YoY Change -10.92% -8.23% -9.68%
Operating Profit $250.3M $190.0M $522.3M
YoY Change 698.5% -503.67% -55.61%
Interest Expense $41.24M -$31.61M $202.3M
YoY Change -3.33% -41.2% 32.49%
% of Operating Profit 16.48% -16.64% 38.73%
Other Income/Expense, Net $3.286M $3.942M $30.13M
YoY Change -85.49% 161.93% 29.08%
Pretax Income $227.0M $156.6M $365.2M
YoY Change -7173.85% -220.68% -64.39%
Income Tax $52.06M $22.42M $42.91M
% Of Pretax Income 22.93% 14.31% 11.75%
Net Earnings $174.4M $134.7M $321.6M
YoY Change 3262.66% -186.89% -56.89%
Net Earnings / Revenue 4.0% 2.97% 1.85%
Basic Earnings Per Share $0.74 $1.36
Diluted Earnings Per Share $0.73 $0.57 $1.36
COMMON SHARES
Basic Shares Outstanding 236.8M shares 236.8M shares 236.7M shares
Diluted Shares Outstanding 237.5M shares 237.3M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $870.8M $697.7M $697.7M
YoY Change 477.9% 74.01% 74.01%
Cash & Equivalents $870.8M $697.7M $697.7M
Short-Term Investments $0.00
Other Short-Term Assets $246.4M $229.3M $229.3M
YoY Change -7.49% -6.35% -6.35%
Inventory $1.862B $1.985B $1.985B
Prepaid Expenses
Receivables $1.003B $1.019B $1.019B
Other Receivables $189.4M $273.4M $273.4M
Total Short-Term Assets $4.172B $4.204B $4.204B
YoY Change 9.14% 8.04% 8.04%
LONG-TERM ASSETS
Property, Plant & Equipment $3.152B $3.425B $3.425B
YoY Change 5.15% 16.47% 5.5%
Goodwill $1.275B $1.286B
YoY Change 2.5% 4.75%
Intangibles $837.7M $854.0M
YoY Change -1.31% 0.94%
Long-Term Investments
YoY Change
Other Assets $45.96M $35.65M $40.54M
YoY Change 170.67% -14.26% -6.91%
Total Long-Term Assets $5.596B $5.606B $5.606B
YoY Change 3.54% 4.51% 4.51%
TOTAL ASSETS
Total Short-Term Assets $4.172B $4.204B $4.204B
Total Long-Term Assets $5.596B $5.606B $5.606B
Total Assets $9.768B $9.810B $9.810B
YoY Change 5.86% 5.99% 5.99%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.182B $1.295B $1.295B
YoY Change -22.09% -18.46% -18.46%
Accrued Expenses $876.2M $926.7M $908.9M
YoY Change 1.56% 8.91% 6.81%
Deferred Revenue $45.42M $84.96M
YoY Change -4.91% 146.36%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $650.0K $674.0K $674.0K
YoY Change -97.53% -97.44% -97.44%
Total Short-Term Liabilities $2.280B $2.496B $2.496B
YoY Change -8.58% -2.89% -2.89%
LONG-TERM LIABILITIES
Long-Term Debt $3.343B $3.341B $3.341B
YoY Change 4.57% 5.51% 5.51%
Other Long-Term Liabilities $32.89M $40.18M $243.5M
YoY Change -48.7% -43.41% -19.28%
Total Long-Term Liabilities $32.89M $40.18M $3.584B
YoY Change -48.7% -43.41% 3.35%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.280B $2.496B $2.496B
Total Long-Term Liabilities $32.89M $40.18M $3.584B
Total Liabilities $6.274B $6.466B $6.479B
YoY Change -0.74% 0.99% 1.0%
SHAREHOLDERS EQUITY
Retained Earnings $2.245B $2.071B
YoY Change 27.97% 18.38%
Common Stock $2.621M $2.620M
YoY Change 0.08% 0.11%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.481B $3.331B $3.331B
YoY Change
Total Liabilities & Shareholders Equity $9.768B $9.810B $9.810B
YoY Change 5.86% 5.99% 5.99%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $174.4M $134.7M $321.6M
YoY Change 3262.66% -186.89% -56.89%
Depreciation, Depletion And Amortization $103.4M $112.5M $419.9M
YoY Change 5.18% 10.12% 4.17%
Cash From Operating Activities $271.0M $278.3M $677.9M
YoY Change -267.61% -330.46% 1.2%
INVESTING ACTIVITIES
Capital Expenditures $99.10M $111.5M $557.8M
YoY Change -24.75% -22.87% 14.51%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities $2.217M $2.596M $40.47M
YoY Change -84.42% -91.23% -3.33%
Cash From Investing Activities -$106.2M -$108.9M -$503.4M
YoY Change -9.58% -5.25% 13.05%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $153.0K $1.616B
YoY Change -97.66% 316.26%
Cash From Financing Activities $1.256M -383.5M $116.7M
YoY Change -95.33% 1852.95% -150.31%
NET CHANGE
Cash From Operating Activities $271.0M 278.3M $677.9M
Cash From Investing Activities -$106.2M -108.9M -$503.4M
Cash From Financing Activities $1.256M -383.5M $116.7M
Net Change In Cash $163.7M -214.1M $296.5M
YoY Change -165.41% -16.12% -2029.85%
FREE CASH FLOW
Cash From Operating Activities $271.0M $278.3M $677.9M
Capital Expenditures $99.10M $111.5M $557.8M
Free Cash Flow $171.9M $166.8M $120.1M
YoY Change -158.6% -162.88% -34.3%

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ProfitLoss
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IncomeLossFromEquityMethodInvestments
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CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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CY2023 ppc Change In Taxes
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CY2023 ppc Payments For Repurchase Of Common Stock Share Repurchase Program
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CY2021 ppc Payments For Repurchase Of Common Stock Share Repurchase Program
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021 us-gaap Income Taxes Paid
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CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
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CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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ReportingUnitPercentageOfFairValueInExcessOfCarryingAmountThresholdForGoodwillImpairment
0.20
CY2023Q4 ppc Reporting Unit Percentage Of Fair Value In Excess Of Carrying Amount Threshold For Goodwill Impairment
ReportingUnitPercentageOfFairValueInExcessOfCarryingAmountThresholdForGoodwillImpairment
0.20
CY2023Q4 ppc Reporting Unit Percentage Of Fair Value In Excess Of Carrying Amount Threshold For Goodwill Impairment
ReportingUnitPercentageOfFairValueInExcessOfCarryingAmountThresholdForGoodwillImpairment
0.20
CY2023Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill Fair Value Disclosure
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543500000 usd
CY2022 us-gaap Impairment Of Intangible Assets Excluding Goodwill
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0 usd
CY2023 us-gaap Impairment Of Intangible Assets Excluding Goodwill
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0 usd
CY2023 us-gaap Use Of Estimates
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<div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:9pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. We make significant estimates in regard to realization of deferred tax assets; valuation of long-lived assets; valuation of contingent liabilities and self-insurance liabilities; and valuation of acquired businesses.</span></div>
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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17362217000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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17468377000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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14777458000 usd
CY2022Q4 us-gaap Contract With Customer Liability
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34486000 usd
CY2021Q4 us-gaap Contract With Customer Liability
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22321000 usd
CY2023 ppc Contract With Customer Liability Revenue Recognized Including Opening Balance
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28674000 usd
CY2022 ppc Contract With Customer Liability Revenue Recognized Including Opening Balance
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19712000 usd
CY2023 ppc Contract With Customer Liability Increase From Cash Receipts
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79146000 usd
CY2022 ppc Contract With Customer Liability Increase From Cash Receipts
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31877000 usd
CY2023Q4 us-gaap Contract With Customer Liability
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84958000 usd
CY2022Q4 us-gaap Contract With Customer Liability
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34486000 usd
CY2023 us-gaap Number Of Operating Segments
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3 segment
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P5Y
CY2023 ppc Lessee Lease Termination Period
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P1Y
CY2023 us-gaap Operating Lease Cost
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92877000 usd
CY2022 us-gaap Operating Lease Cost
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98353000 usd
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921000 usd
CY2022 us-gaap Finance Lease Right Of Use Asset Amortization
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472000 usd
CY2023 us-gaap Finance Lease Interest Expense
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95000 usd
CY2022 us-gaap Finance Lease Interest Expense
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132000 usd
CY2023 us-gaap Short Term Lease Cost
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93739000 usd
CY2022 us-gaap Short Term Lease Cost
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77100000 usd
CY2023 us-gaap Variable Lease Cost
VariableLeaseCost
2751000 usd
CY2022 us-gaap Variable Lease Cost
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4102000 usd
CY2023 us-gaap Lease Cost
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190383000 usd
CY2022 us-gaap Lease Cost
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180159000 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P5Y8M23D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P5Y9M18D
CY2023Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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0.0424
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.0400
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0.0281
CY2022Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
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0.0319
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94087000 usd
CY2022 us-gaap Operating Lease Payments
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69349000 usd
CY2023 us-gaap Finance Lease Interest Payment On Liability
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96000 usd
CY2022 us-gaap Finance Lease Interest Payment On Liability
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132000 usd
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979000 usd
CY2022 us-gaap Finance Lease Principal Payments
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924000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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36967000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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56988000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
77745000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
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57462000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Two
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587000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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51548000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Three
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554000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
37909000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
526000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
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CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Five
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CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
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CY2023Q4 us-gaap Finance Lease Liability Payments Due After Year Five
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CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
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CY2023Q4 us-gaap Finance Lease Liability Payments Due
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2628000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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CY2023Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
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142000 usd
CY2023Q4 us-gaap Operating Lease Liability
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270788000 usd
CY2023Q4 ppc Finance Lease Liability Including Accrued Interest
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2486000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
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67440000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
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CY2023Q4 us-gaap Finance Lease Liability Current
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CY2022Q4 us-gaap Finance Lease Liability Current
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CY2023Q4 us-gaap Operating Lease Liability Noncurrent
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203348000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
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CY2023Q4 us-gaap Finance Lease Liability Noncurrent
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1812000 usd
CY2022Q4 us-gaap Finance Lease Liability Noncurrent
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2658000 usd
CY2023Q4 us-gaap Operating Lease Liability
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270788000 usd
CY2023Q4 us-gaap Finance Lease Liability
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2486000 usd
CY2022Q4 us-gaap Operating Lease Liability
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309923000 usd
CY2022Q4 us-gaap Finance Lease Liability
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3624000 usd
CY2023Q4 us-gaap Derivative Collateral Obligation To Return Cash
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CY2022Q4 us-gaap Derivative Collateral Obligation To Return Cash
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33771000 usd
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CY2022 us-gaap Derivative Gain Loss On Derivative Net
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27298000 usd
CY2021 us-gaap Derivative Gain Loss On Derivative Net
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50519000 usd
CY2023Q4 us-gaap Accounts Receivable Gross Current
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CY2022Q4 us-gaap Accounts Receivable Gross Current
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CY2023Q4 us-gaap Notes And Loans Receivable Gross Current
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CY2022Q4 us-gaap Notes And Loans Receivable Gross Current
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CY2023Q4 us-gaap Other Receivables Gross Current
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CY2022Q4 us-gaap Other Receivables Gross Current
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CY2023Q4 ppc Receivable Gross Current
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CY2022Q4 ppc Receivable Gross Current
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1106771000 usd
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9341000 usd
CY2022Q4 ppc Receivables Net Allowance For Credit Loss
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CY2022Q4 us-gaap Receivables Net Current
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CY2022Q4 ppc Receivables Net Allowance For Credit Loss
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9559000 usd
CY2021Q4 ppc Receivables Net Allowance For Credit Loss
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CY2023 ppc Receivables Net Credit Loss Expense Reversal
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1439000 usd
CY2022 ppc Receivables Net Credit Loss Expense Reversal
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675000 usd
CY2023 ppc Receivables Net Write Offs Recoveries
ReceivablesNetWriteOffsRecoveries
2436000 usd
CY2022 ppc Receivables Net Write Offs Recoveries
ReceivablesNetWriteOffsRecoveries
597000 usd
CY2023 ppc Receivables Net Foreign Currency Gain Loss
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779000 usd
CY2022 ppc Receivables Net Foreign Currency Gain Loss
ReceivablesNetForeignCurrencyGainLoss
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CY2023Q4 ppc Receivables Net Allowance For Credit Loss
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9341000 usd
CY2022Q4 ppc Receivables Net Allowance For Credit Loss
ReceivablesNetAllowanceForCreditLoss
9559000 usd
CY2022Q4 ppc Receivables Net Allowance For Sales Adjustments
ReceivablesNetAllowanceForSalesAdjustments
6905000 usd
CY2021Q4 ppc Receivables Net Allowance For Sales Adjustments
ReceivablesNetAllowanceForSalesAdjustments
11472000 usd
CY2023 ppc Receivables Net Allowance For Sales Credit Loss Expense Reversal
ReceivablesNetAllowanceForSalesCreditLossExpenseReversal
337546000 usd
CY2022 ppc Receivables Net Allowance For Sales Credit Loss Expense Reversal
ReceivablesNetAllowanceForSalesCreditLossExpenseReversal
238135000 usd
CY2023 ppc Receivables Net Allowance For Sales Deductions
ReceivablesNetAllowanceForSalesDeductions
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CY2022 ppc Receivables Net Allowance For Sales Deductions
ReceivablesNetAllowanceForSalesDeductions
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CY2023Q4 ppc Receivables Net Allowance For Sales Adjustments
ReceivablesNetAllowanceForSalesAdjustments
9198000 usd
CY2022Q4 ppc Receivables Net Allowance For Sales Adjustments
ReceivablesNetAllowanceForSalesAdjustments
6905000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
1227944000 usd
CY2023 us-gaap Goodwill Acquired During Period
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0 usd
CY2023 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
58317000 usd
CY2023Q4 us-gaap Goodwill
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1286261000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
1337252000 usd
CY2022 us-gaap Goodwill Acquired During Period
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5401000 usd
CY2022 us-gaap Goodwill Foreign Currency Translation Gain Loss
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-114709000 usd
CY2023Q4 us-gaap Inventory Work In Process And Raw Materials Net Of Reserves
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CY2022Q4 us-gaap Inventory Work In Process And Raw Materials Net Of Reserves
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CY2023Q4 us-gaap Inventory Finished Goods Net Of Reserves
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642028000 usd
CY2022Q4 us-gaap Inventory Finished Goods Net Of Reserves
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CY2023Q4 us-gaap Inventory Supplies Net Of Reserves
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75530000 usd
CY2022Q4 us-gaap Inventory Supplies Net Of Reserves
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CY2023Q4 us-gaap Inventory Parts And Components Net Of Reserves
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CY2022Q4 us-gaap Inventory Parts And Components Net Of Reserves
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CY2023Q4 us-gaap Inventory Net
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CY2022Q4 us-gaap Inventory Net
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1990184000 usd
CY2023 us-gaap Debt Securities Available For Sale Realized Gain
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21500000 usd
CY2022 us-gaap Debt Securities Available For Sale Realized Gain
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7100000 usd
CY2022 us-gaap Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
0 usd
CY2023 us-gaap Debt Securities Available For Sale Realized Loss
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CY2022Q4 us-gaap Goodwill
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1227944000 usd
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846020000 usd
CY2023 us-gaap Amortization Of Intangible Assets
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33096000 usd
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0 usd
CY2023 ppc Intangible Assets Foreign Currency Translation Gain Loss
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41059000 usd
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
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CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
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CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
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CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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CY2023Q4 us-gaap Finance Lease Right Of Use Asset
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CY2022Q4 us-gaap Finance Lease Right Of Use Asset
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CY2021 us-gaap Depreciation
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CY2023 us-gaap Payments To Acquire Property Plant And Equipment
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CY2022 us-gaap Property Plant And Equipment Transfers And Changes
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CY2023 us-gaap Capital Expenditures Incurred But Not Yet Paid
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CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
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CY2023 us-gaap Proceeds From Sale Of Property Plant And Equipment
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CY2023 us-gaap Gain Loss On Sale Of Property Plant Equipment
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CY2022 us-gaap Proceeds From Sale Of Property Plant And Equipment
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CY2022 us-gaap Gain Loss On Sale Of Property Plant Equipment
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CY2023Q4 ppc Idled Assets Property Plant And Equipment Net
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59900000 usd
CY2023Q4 ppc Idled Asset Property Plant And Equipment Gross
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217400000 usd
CY2023Q4 ppc Idled Asset Accumulated Depreciation
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157500000 usd
CY2023 us-gaap Impairment Of Long Lived Assets Held For Use
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CY2022Q4 us-gaap Employee Related Liabilities Current
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CY2022Q4 us-gaap Accrued Marketing Costs Current
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CY2023Q4 us-gaap Accrued Insurance Current
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CY2022Q4 us-gaap Accrued Insurance Current
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CY2023Q4 us-gaap Interest Payable Current
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CY2022Q4 us-gaap Interest Payable Current
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CY2022Q4 us-gaap Operating Lease Liability Current
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CY2023Q4 us-gaap Taxes Payable Current
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CY2022Q4 us-gaap Taxes Payable Current
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CY2023Q4 us-gaap Derivative Liabilities Current
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CY2022Q4 us-gaap Derivative Liabilities Current
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CY2022Q4 us-gaap Other Accrued Liabilities Current
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CY2023Q4 ppc Accrued Expenses And Other Current Liabilities
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CY2022Q4 ppc Accrued Expenses And Other Current Liabilities
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CY2023Q4 us-gaap Accounts Payable And Accrued Liabilities Current
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CY2022Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
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CY2023 ppc Supplier Finance Program Obligation Statement Of Financial Position Extensible Enumeration Not Disclosed Flag
SupplierFinanceProgramObligationStatementOfFinancialPositionExtensibleEnumerationNotDisclosedFlag
supplier finance programs
CY2023Q4 us-gaap Supplier Finance Program Obligation
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192700000 usd
CY2022Q4 us-gaap Supplier Finance Program Obligation
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CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
234330000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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365222000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1025473000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2021 us-gaap Current Income Tax Expense Benefit
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CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2023 us-gaap Income Tax Expense Benefit
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CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
278935000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
61122000 usd
CY2023 us-gaap Effective Income Tax Rate Continuing Operations
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0.117
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
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0.272
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
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CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
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CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2023 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2023 ppc Effective Income Tax Rate Reconciliation Nondeductible Expense Intercompany Financing
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CY2022 ppc Effective Income Tax Rate Reconciliation Nondeductible Expense Intercompany Financing
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CY2021 ppc Effective Income Tax Rate Reconciliation Nondeductible Expense Intercompany Financing
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CY2023 ppc Effective Income Tax Rate Reconciliation Permanent Items Percent
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CY2022 ppc Effective Income Tax Rate Reconciliation Permanent Items Percent
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CY2021 ppc Effective Income Tax Rate Reconciliation Permanent Items Percent
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
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CY2023 ppc Effective Income Tax Rate Reconciliation Foreign Currency Translation
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CY2022 ppc Effective Income Tax Rate Reconciliation Foreign Currency Translation
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CY2021 ppc Effective Income Tax Rate Reconciliation Foreign Currency Translation
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
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CY2023 ppc Effective Income Tax Rate Reconciliation Change In Unrecognized Tax Benefits
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0
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CY2021 ppc Effective Income Tax Rate Reconciliation Change In Unrecognized Tax Benefits
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2023 ppc Effective Income Tax Rate Reconciliation Return To Provision
EffectiveIncomeTaxRateReconciliationReturnToProvision
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CY2022 ppc Effective Income Tax Rate Reconciliation Return To Provision
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CY2021 ppc Effective Income Tax Rate Reconciliation Return To Provision
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2023 us-gaap Effective Income Tax Rate Continuing Operations
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CY2023Q4 us-gaap Deferred Income Tax Liabilities
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CY2022Q4 us-gaap Deferred Income Tax Liabilities
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CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
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CY2023Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
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CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
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CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
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CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
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CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
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CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Postretirement Benefits
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CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Postretirement Benefits
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CY2023Q4 ppc Deferred Tax Assets Leasing Arrangements
DeferredTaxAssetsLeasingArrangements
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CY2022Q4 ppc Deferred Tax Assets Leasing Arrangements
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CY2023Q4 ppc Deferred Tax Assets Tax Advance Payments
DeferredTaxAssetsTaxAdvancePayments
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CY2022Q4 ppc Deferred Tax Assets Tax Advance Payments
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CY2023Q4 ppc Deferred Tax Assets Interest Expense Limitations
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CY2022Q4 us-gaap Deferred Tax Assets Gross
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CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2023Q4 us-gaap Deferred Tax Assets Net
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CY2022Q4 us-gaap Deferred Tax Assets Net
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CY2023Q4 ppc Deferred Tax Assets Valuation Allowance Operating Loss Carryforwards Stateand Local
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CY2023 ppc Deferred Tax Assets Valuation Allowance Deductions
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CY2023 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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CY2022 ppc Deferred Tax Assets Valuation Allowance Deductions
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CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2021 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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CY2021 ppc Deferred Tax Assets Valuation Allowance Deductions
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CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2022 us-gaap Other Comprehensive Income Loss Tax
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CY2022Q4 us-gaap Unrecognized Tax Benefits
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CY2021Q4 us-gaap Unrecognized Tax Benefits
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CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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CY2023 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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CY2023 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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CY2022 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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CY2023Q4 us-gaap Unrecognized Tax Benefits
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CY2022Q4 us-gaap Unrecognized Tax Benefits
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CY2023Q4 us-gaap Unrecognized Tax Benefits
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CY2023Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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CY2023Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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CY2023 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
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CY2023Q4 us-gaap Finance Lease Liability
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CY2022Q4 us-gaap Finance Lease Liability
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3624000 usd
CY2023Q4 ppc Longterm Debt Gross And Lease Obligation Including Current Maturities
LongtermDebtGrossAndLeaseObligationIncludingCurrentMaturities
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CY2022Q4 ppc Longterm Debt Gross And Lease Obligation Including Current Maturities
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CY2023Q4 ppc Longterm Debt Gross And Lease Obligation Current
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CY2022Q4 ppc Longterm Debt Gross And Lease Obligation Current
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CY2023Q4 ppc Longterm Debt Gross And Lease Obligation Excluding Current Maturities
LongtermDebtGrossAndLeaseObligationExcludingCurrentMaturities
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CY2022Q4 ppc Longterm Debt Gross And Lease Obligation Excluding Current Maturities
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CY2023Q4 us-gaap Deferred Finance Costs Net
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CY2022Q4 us-gaap Deferred Finance Costs Net
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CY2023Q4 us-gaap Long Term Debt And Capital Lease Obligations
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3340841000 usd
CY2022Q4 us-gaap Long Term Debt And Capital Lease Obligations
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CY2023 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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CY2022 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2023Q4 us-gaap Preferred Stock Shares Authorized
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CY2023 ppc Defined Benefit Plan Weighted Average Termof Benefit Obligation
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-6358000 usd
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6693000 usd
CY2023 us-gaap Defined Contribution Plan Cost Recognized
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CY2022 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
27000000 usd
CY2021 us-gaap Defined Contribution Plan Cost Recognized
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CY2023 ppc Restructuring Incurred Cost Statement Of Income Or Comprehensive Income Extensible Enumeration Not Disclosed Flag
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Total exit and disposal costs
CY2023 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
78222000 usd
CY2023Q4 us-gaap Restructuring And Related Cost Expected Cost1
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CY2023 us-gaap Restructuring Charges
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44345000 usd
CY2023 us-gaap Payments For Restructuring
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CY2023 us-gaap Number Of Reportable Segments
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CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2023 us-gaap Operating Income Loss
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CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
1176595000 usd
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
211164000 usd
CY2023 us-gaap Interest Expense
InterestExpense
202272000 usd
CY2022 us-gaap Interest Expense
InterestExpense
152672000 usd
CY2021 us-gaap Interest Expense
InterestExpense
145792000 usd
CY2023 us-gaap Investment Income Interest
InvestmentIncomeInterest
35651000 usd
CY2022 us-gaap Investment Income Interest
InvestmentIncomeInterest
9028000 usd
CY2021 us-gaap Investment Income Interest
InvestmentIncomeInterest
6056000 usd
CY2023 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-20570000 usd
CY2022 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-30817000 usd
CY2021 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
9382000 usd
CY2023 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
30127000 usd
CY2022 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
23339000 usd
CY2021 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
11580000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
365222000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1025473000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
92390000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
42905000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
278935000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
61122000 usd
CY2023 us-gaap Profit Loss
ProfitLoss
322317000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
746538000 usd
CY2021 us-gaap Profit Loss
ProfitLoss
31268000 usd
CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
419900000 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
403110000 usd
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
380824000 usd
CY2023 ppc Capital Expenditure
CapitalExpenditure
557753000 usd
CY2022 ppc Capital Expenditure
CapitalExpenditure
487110000 usd
CY2021 ppc Capital Expenditure
CapitalExpenditure
381671000 usd
CY2023Q4 us-gaap Assets
Assets
9810361000 usd
CY2022Q4 us-gaap Assets
Assets
9255769000 usd
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
17362217000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
17468377000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
14777458000 usd
CY2023Q4 us-gaap Noncurrent Assets
NoncurrentAssets
3425110000 usd
CY2022Q4 us-gaap Noncurrent Assets
NoncurrentAssets
3246644000 usd
CY2023Q4 us-gaap Purchase Obligation Due In Next Twelve Months
PurchaseObligationDueInNextTwelveMonths
414500000 usd
CY2023Q4 us-gaap Purchase Obligation Due In Second Year
PurchaseObligationDueInSecondYear
26400000 usd
CY2023Q4 us-gaap Purchase Obligation Due In Third Year
PurchaseObligationDueInThirdYear
2000000 usd
CY2023Q4 us-gaap Purchase Obligation Due In Fourth Year
PurchaseObligationDueInFourthYear
1900000 usd
CY2023Q4 us-gaap Purchase Obligation Due After Fifth Year
PurchaseObligationDueAfterFifthYear
12500000 usd
CY2023 us-gaap Loss Contingency Loss In Period
LossContingencyLossInPeriod
0 usd
CY2023Q4 ppc Business Interruption Losses Number Of Events
BusinessInterruptionLossesNumberOfEvents
2 claim
CY2023 ppc Proceeds From Business Interruption Insurance Recovery
ProceedsFromBusinessInterruptionInsuranceRecovery
60400000 usd
CY2023 us-gaap Gain On Business Interruption Insurance Recovery
GainOnBusinessInterruptionInsuranceRecovery
54400000 usd
CY2022 ppc Proceeds From Business Interruption Insurance Recovery
ProceedsFromBusinessInterruptionInsuranceRecovery
11000000 usd
CY2022 us-gaap Gain On Business Interruption Insurance Recovery
GainOnBusinessInterruptionInsuranceRecovery
26400000 usd
CY2023 ppc Period Over Which No Labor Related Work Stoppage Has Occurred
PeriodOverWhichNoLaborRelatedWorkStoppageHasOccurred
P10Y
ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023 dei Auditor Name
AuditorName
KPMG LLP
CY2023 dei Auditor Location
AuditorLocation
Denver, CO
CY2023 dei Auditor Firm
AuditorFirmId
185

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