v3.25.2
SUPPLEMENTAL BALANCE SHEET INFORMATION
6 Months Ended
Jun. 29, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
SUPPLEMENTAL BALANCE SHEET INFORMATION SUPPLEMENTAL BALANCE SHEET INFORMATION
The components of certain asset accounts included within our Consolidated Balance Sheets are as follows:
June 29, 2025December 31, 2024
Inventories:
Raw materials$905,447 $477,592 
Goods in process331,479 204,674 
Finished goods1,289,677 990,785 
Inventories at First In First Out2,526,603 1,673,051 
Adjustment to Last In First Out(684,308)(418,957)
Total inventories$1,842,295 $1,254,094 
Prepaid expenses and other:
Prepaid expenses$136,709 $269,792 
Other current assets713,984 704,423 
Total prepaid expenses and other$850,693 $974,215 
Property, plant and equipment:
Land$196,055 $194,502 
Buildings2,051,578 1,991,937 
Machinery and equipment4,334,216 4,147,530 
Construction in progress350,840 478,842 
Property, plant and equipment, gross6,932,689 6,812,811 
Accumulated depreciation(3,490,495)(3,353,958)
Property, plant and equipment, net$3,442,194 $3,458,853 
Other non-current assets:
Pension$39,679 $41,298 
Capitalized software, net355,164367,087 
Operating lease ROU assets347,694 337,739 
Investments in unconsolidated affiliates204,143 212,928 
Other non-current assets164,653 152,815 
Total other non-current assets$1,111,333 $1,111,867 
The components of certain liability and stockholders’ equity accounts included within our Consolidated Balance Sheets are as follows:
June 29, 2025December 31, 2024
Accounts payable:
Accounts payable—trade$736,759 $807,918 
Supplier finance program obligations461,743 215,122 
Other252,047 136,137 
Total accounts payable$1,450,549 $1,159,177 
Accrued liabilities:
Payroll, compensation and benefits$208,076 $226,774 
Advertising, promotion and product allowances392,451 359,986 
Operating lease liabilities46,540 40,636 
Other228,907 179,945 
Total accrued liabilities$875,974 $807,341 
Other long-term liabilities:
Post-retirement benefits liabilities$84,227 $87,006 
Pension benefits liabilities30,460 33,837 
Operating lease liabilities309,888 304,767 
Other227,580 262,649 
Total other long-term liabilities$652,155 $688,259 
Accumulated other comprehensive loss:
Foreign currency translation adjustments$(146,197)$(177,741)
Pension and post-retirement benefit plans, net of tax(117,914)(122,098)
Cash flow hedges, net of tax(6,313)(4,051)
Total accumulated other comprehensive loss$(270,424)$(303,890)