v3.26.3
SEGMENT INFORMATION (Tables)
 9 Months Ended
Sep. 27, 2026
Segment Reporting [Abstract]  
Schedule of Net Sales and Earnings by Segment
Our segment net sales and earnings for the three months ended September 27, 2026 and September 28, 2025 were as follows:
For the three months ended September 27, 2026
North America ConfectioneryNorth America Salty SnacksInternationalTotal
Net sales$2,656,461 $392,683 $226,366 $3,275,510 
Cost of sales1,395,636 278,103 203,812 
SM&A expense311,138 67,192 52,562 
Total segment income (loss)$949,687 $47,388 $(30,008)$967,067 
Unallocated corporate expense (1)249,498 
Unallocated mark-to-market gains on commodity derivatives(113,352)
Costs associated with business realignment activities (see Note 9)
13,268 
Operating profit$817,653 
Interest expense, net (see Note 4)
48,675 
Other (income) expense, net (see Note 17)
975 
Income before income taxes$768,003 
For the three months ended September 28, 2025
North America ConfectioneryNorth America Salty SnacksInternationalTotal
Net sales$2,615,600 $321,020 $244,798 $3,181,418 
Cost of sales1,752,225 206,267 209,843 
SM&A expense291,900 57,006 48,562 
Total segment income (loss)$571,475 $57,747 $(13,607)$615,615 
Unallocated corporate expense (1)194,705 
Unallocated mark-to-market gains on commodity derivatives(24,250)
Costs associated with business realignment activities (see Note 9)
10,577 
Operating profit$434,583 
Interest expense, net (see Note 4)
51,474 
Other (income) expense, net (see Note 17)
11,199 
Income before income taxes$371,910 
(1)Includes centrally-managed (a) corporate functional costs relating to legal, treasury, finance, and human resources, (b) expenses associated with the oversight and administration of our global operations, including warehousing, distribution and manufacturing, information systems and global shared services, (c) non-cash stock-based compensation expense, (d) acquisition and integration-related costs, and (e) other gains or losses that are not integral to segment performance.
Our segment net sales and earnings for the nine months ended September 27, 2026 and September 28, 2025 were as follows:
For the nine months ended September 27, 2026
North America ConfectioneryNorth America Salty SnacksInternationalTotal
Net sales$7,319,949 $1,130,598 $716,436 $9,166,983 
Cost of sales3,982,913 785,975 586,822 
SM&A expense889,185 200,355 149,508 
Total segment income (loss)$2,447,851 $144,268 $(19,894)$2,572,225 
Unallocated corporate expense (1)622,326 
Unallocated mark-to-market gains on commodity derivatives(186,075)
Costs associated with business realignment activities (see Note 9)
34,987 
Operating profit$2,100,987 
Interest expense, net (see Note 4)
148,456 
Other (income) expense, net (see Note 17)
3,553 
Income before income taxes$1,948,978 
For the nine months ended September 28, 2025
North America ConfectioneryNorth America Salty SnacksInternationalTotal
Net sales$7,001,208 $914,337 $686,010 $8,601,555 
Cost of sales4,342,071 581,440 512,239 
SM&A expense887,357 166,817 138,857 
Total segment income$1,771,780 $166,080 $34,914 $1,972,774 
Unallocated corporate expense (1)536,659 
Unallocated mark-to-market losses on commodity derivatives387,932 
Costs associated with business realignment activities (see Note 9)
51,568 
Operating profit$996,615 
Interest expense, net (see Note 4)
142,131 
Other (income) expense, net (see Note 17)
9,808 
Income before income taxes$844,676 
(1)Includes centrally-managed (a) corporate functional costs relating to legal, treasury, finance, and human resources, (b) expenses associated with the oversight and administration of our global operations, including warehousing, distribution and manufacturing, information systems and global shared services, (c) non-cash stock-based compensation expense, (d) acquisition and integration-related costs, and (e) other gains or losses that are not integral to segment performance.
Schedule of Unallocated Mark-to-Market (Gains) Losses on Commodity Derivatives
Activity within the unallocated mark-to-market adjustment for commodity derivatives is as follows:
Three Months EndedNine Months Ended
September 27, 2026September 28, 2025September 27, 2026September 28, 2025
Net (gains) losses on mark-to-market valuation of commodity derivative positions recognized in income$(81,867)$(32,745)$(138,825)$52,657 
Net (losses) gains on commodity derivative positions reclassified from unallocated to segment income (31,485)8,495 (47,250)335,275 
Net (gains) losses on mark-to-market valuation of commodity derivative positions recognized in unallocated derivative (gains) losses$(113,352)$(24,250)$(186,075)$387,932 
Schedule of Depreciation and Amortization Expense Included within Segment Income
Depreciation and amortization expense included within segment income presented above is as follows:
Three Months EndedNine Months Ended
September 27, 2026September 28, 2025September 27, 2026September 28, 2025
North America Confectionery$80,050 $78,752 $237,925 $221,311 
North America Salty Snacks26,165 19,414 78,424 63,587 
International7,777 7,276 22,844 20,174 
Corporate22,282 22,342 66,178 66,108 
Total$136,274 $127,784 $405,371 $371,180 
Schedule of Segment Information by Geography
Additional information regarding our net sales disaggregated by geographical region is as follows:
Three Months EndedNine Months Ended
September 27, 2026September 28, 2025September 27, 2026September 28, 2025
Net sales:
United States$2,905,223 $2,799,716 $8,055,170 $7,552,700 
All other countries370,287 381,702 1,111,813 1,048,855 
Total$3,275,510 $3,181,418 $9,166,983 $8,601,555