We compute basic earnings per share for Common Stock and Class B common stock using the two-class method. The Class B common stock is convertible into Common Stock on a share-for-share basis at any time. The computation of diluted earnings per share for Common Stock assumes the conversion of Class B common stock using the if-converted method, while the diluted earnings per share of Class B common stock does not assume the conversion of those shares.


	Three Months Ended
	June 28, 2026				June 29, 2025
	Common Stock		Class B Common Stock		Common Stock		Class B Common Stock
Basic earnings per share:
Numerator:
Allocation of distributed earnings (cash dividends paid)	$	214,306	$	72,090	$	203,237	$	67,994
Allocation of undistributed earnings	128,154		43,115		(156,214)		(52,298)
Total earnings—basic	$	342,460	$	115,205	$	47,023	$	15,696

Denominator (shares in thousands):
Total weighted-average shares—basic	147,573		54,614		148,247		54,614

Earnings Per Share—basic	$	2.32	$	2.11	$	0.32	$	0.29

Diluted earnings per share:
Numerator:
Allocation of total earnings used in basic computation	$	342,460	$	115,205	$	47,023	$	15,696
Reallocation of total earnings as a result of conversion of Class B common stock to Common stock	115,205		—		15,696		—
Reallocation of undistributed earnings	—		(122)		—		86
Total earnings—diluted	$	457,665	$	115,083	$	62,719	$	15,782

Denominator (shares in thousands):
Number of shares used in basic computation	147,573		54,614		148,247		54,614
Weighted-average effect of dilutive securities:
Conversion of Class B common stock to Common shares outstanding	54,614		—		54,614		—
Employee stock options	80		—		190		—
Performance and restricted stock units	478		—		137		—
Total weighted-average shares—diluted	202,745		54,614		203,188		54,614

Earnings Per Share—diluted	$	2.26	$	2.11	$	0.31	$	0.29


	Six Months Ended
	June 28, 2026				June 29, 2025
	Common Stock		Class B Common Stock		Common Stock		Class B Common Stock
Basic earnings per share:
Numerator:
Allocation of distributed earnings (cash dividends paid)	$	430,212	$	144,180	$	406,837	$	135,988
Allocation of undistributed earnings	238,403		79,975		(191,695)		(64,208)
Total earnings—basic	$	668,615	$	224,155	$	215,142	$	71,780

Denominator (shares in thousands):
Total weighted-average shares—basic	148,001		54,614		148,175		54,614

Earnings Per Share—basic	$	4.52	$	4.10	$	1.45	$	1.31

Diluted earnings per share:
Numerator:
Allocation of total earnings used in basic computation	$	668,615	$	224,155	$	215,142	$	71,780
Reallocation of total earnings as a result of conversion of Class B common stock to Common stock	224,155		—		71,780		—
Reallocation of undistributed earnings	—		(256)		—		123
Total earnings—diluted	$	892,770	$	223,899	$	286,922	$	71,903

Denominator (shares in thousands):
Number of shares used in basic computation	148,001		54,614		148,175		54,614
Weighted-average effect of dilutive securities:
Conversion of Class B common stock to Common shares outstanding	54,614		—		54,614		—
Employee stock options	100		—		193		—
Performance and restricted stock units	535		—		186		—
Total weighted-average shares—diluted	203,250		54,614		203,168		54,614

Earnings Per Share—diluted	$	4.39	$	4.10	$	1.41	$	1.32