SEGMENT INFORMATION - SCHEDULE OF NET SALES AND EARNINGS BY SEGMENT (Details) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
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Jun. 29, 2025 |
Jun. 30, 2024 |
Jun. 29, 2025 |
Jun. 30, 2024 |
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Segment Reporting Information [Line Items] | ||||
Net sales | $ 2,614,718 | $ 2,074,480 | $ 5,420,137 | $ 5,327,229 |
Cost of sales | 1,818,445 | 1,240,735 | 3,679,597 | 2,817,403 |
Selling, marketing and administrative expense | 603,207 | 540,987 | 1,161,879 | 1,158,968 |
Operating profit | $ 192,811 | $ 287,821 | $ 562,032 | $ 1,345,921 |
Unallocated mark-to-market losses on commodity derivatives, extensible enumeration, not disclosed | Unallocated mark-to-market losses on commodity derivatives | Unallocated mark-to-market losses on commodity derivatives | Unallocated mark-to-market losses on commodity derivatives | Unallocated mark-to-market gains on commodity derivatives |
Restructuring and related cost | $ 15,139 | $ 39,000 | $ 40,992 | $ 55,666 |
Interest expense, net | 46,035 | 41,373 | 90,657 | 81,195 |
Other (income) expense, net | (2,336) | 574 | (1,391) | 32,594 |
Income before income taxes | 149,112 | 245,874 | 472,766 | 1,232,132 |
Operating Segments | ||||
Segment Reporting Information [Line Items] | ||||
Operating profit | 590,204 | 541,710 | 1,357,157 | 1,571,362 |
Operating Segments | North America Confectionery | ||||
Segment Reporting Information [Line Items] | ||||
Net sales | 2,085,468 | 1,579,826 | 4,385,608 | 4,287,136 |
Cost of sales | 1,274,772 | 862,848 | 2,589,848 | 2,291,239 |
Selling, marketing and administrative expense | 306,767 | 252,482 | 595,457 | 583,205 |
Operating profit | 503,929 | 464,496 | 1,200,303 | 1,412,692 |
Operating Segments | North America Salty Snacks | ||||
Segment Reporting Information [Line Items] | ||||
Net sales | 315,519 | 289,894 | 593,317 | 565,000 |
Cost of sales | 194,534 | 180,282 | 375,172 | 364,028 |
Selling, marketing and administrative expense | 54,505 | 57,408 | 109,812 | 110,062 |
Operating profit | 66,480 | 52,204 | 108,333 | 90,910 |
Operating Segments | International | ||||
Segment Reporting Information [Line Items] | ||||
Net sales | 213,731 | 204,760 | 441,212 | 475,093 |
Cost of sales | 148,412 | 136,135 | 302,396 | 316,067 |
Selling, marketing and administrative expense | 45,524 | 43,615 | 90,295 | 91,266 |
Operating profit | 19,795 | 25,010 | 48,521 | 67,760 |
Corporate, Non-Segment | ||||
Segment Reporting Information [Line Items] | ||||
Unallocated corporate expense | 181,527 | 161,518 | 341,952 | 334,419 |
Segment Reconciling Items | ||||
Segment Reporting Information [Line Items] | ||||
Unallocated mark-to-market losses on commodity derivatives | 200,727 | 53,371 | 412,181 | (164,644) |
Restructuring and related cost | $ 15,139 | $ 39,000 | $ 40,992 | $ 55,666 |
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- Definition Derivative Gain Loss Statement Of Income Or Comprehensive Income Extensible Enumeration Not Disclosed Flag No definition available.
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of increase (decrease) in the fair value of derivatives recognized in the income statement. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of interest income (expense) classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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