Segment Information - Schedule of Financial Information (Details) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 28, 2025 |
Jun. 29, 2024 |
Jun. 28, 2025 |
Jun. 29, 2024 |
|
Segment Reporting Information [Line Items] | ||||
Net sales | $ 12,793,956 | $ 11,541,439 | $ 25,074,799 | $ 22,876,373 |
Cost of sales | 11,954,797 | 10,713,009 | 23,406,878 | 21,213,005 |
Intangible asset amortization | 21,867 | 21,704 | 43,297 | 43,494 |
Income from operations | 142,816 | 181,128 | 343,680 | 351,249 |
Stock-based compensation | 9,089 | 0 | ||
Interest income | (10,065) | (10,054) | (23,883) | (20,365) |
Interest expense | 72,884 | 86,924 | 147,773 | 171,536 |
Net foreign currency exchange loss | 20,611 | 6,937 | 44,328 | 19,263 |
Other expense | (499) | 14,158 | 15,174 | 20,971 |
Income before income taxes | 59,885 | 83,163 | 160,288 | 159,844 |
Operating Segments | ||||
Segment Reporting Information [Line Items] | ||||
Net sales | 12,793,956 | 11,541,439 | 25,074,799 | 22,876,373 |
Cost of sales | 11,954,797 | 10,713,009 | 23,406,878 | 21,213,005 |
Compensation | 438,144 | 430,189 | 855,879 | 861,973 |
Depreciation costs | 28,083 | 24,494 | 54,684 | 48,967 |
Intangible asset amortization | 21,867 | 21,704 | 43,297 | 43,494 |
Other departmental operating expenses | 130,934 | 125,516 | 254,504 | 250,777 |
Integration and transition costs | 33,425 | 2,340 | 35,669 | 1,868 |
Other segment items | 29,392 | 23,280 | 55,641 | 71,456 |
Total segment expenses | 12,636,642 | 11,340,532 | 24,706,552 | 22,491,540 |
Income from operations | 157,314 | 200,907 | 368,247 | 384,833 |
Operating Segments | North America | ||||
Segment Reporting Information [Line Items] | ||||
Net sales | 4,982,224 | 4,380,304 | 9,416,775 | 8,420,643 |
Cost of sales | 4,635,787 | 4,050,070 | 8,717,727 | 7,741,815 |
Compensation | 215,061 | 215,272 | 422,254 | 437,240 |
Depreciation costs | 21,739 | 17,646 | 42,336 | 34,859 |
Intangible asset amortization | 10,529 | 10,537 | 21,043 | 21,082 |
Other departmental operating expenses | 51,034 | 47,336 | 101,792 | 98,259 |
Integration and transition costs | 33,338 | 1,211 | 35,177 | 2,079 |
Other segment items | (18,109) | (25,542) | (40,781) | (38,335) |
Income from operations | 32,845 | 63,774 | 117,227 | 123,644 |
Operating Segments | EMEA | ||||
Segment Reporting Information [Line Items] | ||||
Net sales | 3,479,414 | 3,319,858 | 6,904,151 | 6,724,163 |
Cost of sales | 3,214,261 | 3,065,058 | 6,383,746 | 6,209,245 |
Compensation | 137,416 | 128,393 | 265,466 | 255,417 |
Depreciation costs | 3,830 | 3,730 | 7,344 | 7,666 |
Intangible asset amortization | 6,234 | 5,955 | 12,096 | 11,954 |
Other departmental operating expenses | 41,738 | 42,579 | 81,487 | 84,413 |
Integration and transition costs | 40 | 1,029 | 356 | 1,029 |
Other segment items | 20,181 | 20,512 | 40,694 | 52,793 |
Income from operations | 55,714 | 52,602 | 112,962 | 101,646 |
Operating Segments | Asia-Pacific | ||||
Segment Reporting Information [Line Items] | ||||
Net sales | 3,478,838 | 2,994,960 | 7,097,020 | 6,007,137 |
Cost of sales | 3,332,841 | 2,836,071 | 6,808,610 | 5,702,932 |
Compensation | 52,969 | 52,144 | 103,716 | 103,580 |
Depreciation costs | 1,463 | 1,643 | 2,988 | 3,302 |
Intangible asset amortization | 4,307 | 4,356 | 8,584 | 8,726 |
Other departmental operating expenses | 25,819 | 21,948 | 45,537 | 40,615 |
Integration and transition costs | 38 | 32 | 125 | 112 |
Other segment items | 17,767 | 17,500 | 37,493 | 36,043 |
Income from operations | 43,634 | 61,266 | 89,967 | 111,827 |
Operating Segments | Latin America | ||||
Segment Reporting Information [Line Items] | ||||
Net sales | 853,480 | 846,317 | 1,656,853 | 1,724,430 |
Cost of sales | 771,908 | 761,810 | 1,496,795 | 1,559,013 |
Compensation | 32,698 | 34,380 | 64,443 | 65,736 |
Depreciation costs | 1,051 | 1,475 | 2,016 | 3,140 |
Intangible asset amortization | 797 | 856 | 1,574 | 1,732 |
Other departmental operating expenses | 12,343 | 13,653 | 25,688 | 27,490 |
Integration and transition costs | 9 | 68 | 11 | (1,352) |
Other segment items | 9,553 | 10,810 | 18,235 | 20,955 |
Income from operations | 25,121 | 23,265 | 48,091 | 47,716 |
Corporate | ||||
Segment Reporting Information [Line Items] | ||||
Income from operations | (2,698) | (12,974) | (5,510) | (21,339) |
Reconciling items excluding corporate non segment | ||||
Segment Reporting Information [Line Items] | ||||
Cash-based compensation | (5,475) | (6,805) | (9,968) | (12,245) |
Stock-based compensation | $ (6,325) | $ 0 | $ (9,089) | $ 0 |