v3.26.1
STOCK COMPENSATION PLANS (Tables)
 6 Months Ended
Jun. 28, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Compensation Costs
For the periods presented, compensation expense for all types of stock-based compensation programs and the related income tax benefit recognized were as follows:
Three Months EndedSix Months Ended
June 28, 2026June 29, 2025June 28, 2026June 29, 2025
Pre-tax compensation expense
$17,715 $17,444 $34,847 $31,003 
Related income tax benefit3,945 8,876 8,503 12,184 
Schedule of Activity Relating to the Grants of Stock Options
A summary of activity relating to grants of stock options for the period ended June 28, 2026 is as follows:
Stock OptionsSharesWeighted-Average
Exercise Price (per share)		Weighted-Average Remaining
Contractual Term		Aggregate Intrinsic Value
Outstanding at beginning of year368,560 $110.302.2 years
Granted545 $208.99
Exercised(166,810)$101.38
Forfeited(381)$220.19
Expired(1,858)$125.05
Outstanding as of June 28, 2026
200,056 $117.602.1 years$12,720 
Options exercisable as of June 28, 2026
195,379 $116.092.0 years$12,678 
Schedule of Fair Value Estimated on the Grant Date and the Weighted Average Assumptions The fair value was estimated on the date of grant using a Black-Scholes option-pricing model and the following weighted-average assumptions:
Six Months Ended
June 28, 2026June 29, 2025
Dividend yields
3.0 %3.0 %
Expected volatility24.4 %22.3 %
Risk-free interest rates
4.1 %4.2 %
Expected term in years6.36.3
Schedule of Activity Relating to Grants of PSUs and RSUs
A summary of activity relating to grants of PSUs and RSUs for the period ended June 28, 2026 is as follows:
Performance Stock Units and Restricted Stock Units
Number of unitsWeighted-average grant date fair value for equity awards (per unit)
Outstanding at beginning of year
1,038,893 $192.65
Granted
315,945 $234.37
Performance assumption change (1)
(12,220)$153.53
Vested
(233,336)$224.10
Forfeited
(84,535)$184.42
Outstanding as of June 28, 2026
1,024,747 $203.18
(1)Reflects the net number of PSUs above and below target levels based on the performance metrics.
Schedule of Information Pertaining to Fair Value of PSUs and RSUs Granted for Potential Future Distribution
The following table sets forth information about the fair value of the PSUs and RSUs granted for potential future distribution to employees and non-employee directors. In addition, the table provides weighted average assumptions used to determine the fair value of the market-based total shareholder return component using the Monte Carlo simulation model on the date of grant.
Six Months Ended
June 28, 2026June 29, 2025
Units granted
315,945533,212
Weighted-average fair value at date of grant
$234.37$165.64
Monte Carlo simulation assumptions:
Estimated values$128.04$65.27
Dividend yields2.5 %3.3 %
Expected volatility24.6 %21.7 %