v3.26.1
SUPPLEMENTAL BALANCE SHEET INFORMATION (Tables)
6 Months Ended
Jun. 28, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Supplemental Balance Sheet Information
Supplemental balance sheet information related to leases were as follows:
LeasesClassificationJune 28, 2026December 31, 2025
Assets
Operating lease ROU assetsOther non-current assets$301,914 $325,345 
Finance lease ROU assets, at costProperty, plant and equipment, gross83,874 83,714 
Accumulated amortizationAccumulated depreciation(26,634)(26,073)
Finance lease ROU assets, netProperty, plant and equipment, net57,240 57,641 
Total leased assets$359,154 $382,986 
Liabilities
Current
OperatingAccrued liabilities$50,790 $49,583 
FinanceCurrent portion of long-term debt5,259 4,499 
Non-current
OperatingOther long-term liabilities261,842 285,925 
FinanceLong-term debt70,282 69,011 
Total lease liabilities$388,173 $409,018 
The components of certain asset accounts included within our Consolidated Balance Sheets are as follows:
June 28, 2026December 31, 2025
Inventories:
Raw materials$896,466 $762,391 
Goods in process331,499 294,374 
Finished goods1,210,591 1,074,690 
Inventories at First In First Out2,438,556 2,131,455 
Adjustment to Last In First Out(695,238)(702,201)
Total inventories$1,743,318 $1,429,254 
Prepaid expenses and other:
Prepaid expenses$149,766 $201,527 
Other current assets364,576 302,712 
Total prepaid expenses and other$514,342 $504,239 
Property, plant and equipment:
Land$195,991 $199,559 
Buildings2,115,840 2,102,794 
Machinery and equipment4,546,969 4,515,447 
Construction in progress363,136 324,998 
Property, plant and equipment, gross7,221,936 7,142,798 
Accumulated depreciation(3,746,222)(3,613,190)
Property, plant and equipment, net$3,475,714 $3,529,608 
Other non-current assets:
Pension$74,218 $64,520 
Capitalized software, net331,134351,285 
Operating lease ROU assets301,914 325,345 
Investments in unconsolidated affiliates174,834 176,567 
Other non-current assets220,588 205,568 
Total other non-current assets$1,102,688 $1,123,285 
The components of certain liability and stockholders’ equity accounts included within our Consolidated Balance Sheets are as follows:
June 28, 2026December 31, 2025
Accounts payable:
Accounts payable—trade$946,720 $831,204 
Supplier finance program obligations332,736 300,332 
Other121,366 124,165 
Total accounts payable$1,400,822 $1,255,701 
Accrued liabilities:
Payroll, compensation and benefits$200,851 $311,241 
Advertising, promotion and product allowances440,978 373,940 
Operating lease liabilities50,790 49,583 
Other273,717 235,833 
Total accrued liabilities$966,336 $970,597 
Other long-term liabilities:
Post-retirement benefits liabilities$94,830 $98,101 
Pension benefits liabilities38,119 42,987 
Operating lease liabilities261,842 285,925 
Other257,344 304,904 
Total other long-term liabilities$652,135 $731,917 
Accumulated other comprehensive loss:
Foreign currency translation adjustments$(138,566)$(136,508)
Pension and post-retirement benefit plans, net of tax(93,212)(107,620)
Cash flow hedges, net of tax1,229 (3,222)
Total accumulated other comprehensive loss$(230,549)$(247,350)