v3.26.3
SUPPLEMENTAL BALANCE SHEET INFORMATION (Tables)
9 Months Ended
Sep. 27, 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:
LeasesClassificationSeptember 27, 2026December 31, 2025
Assets
Operating lease ROU assetsOther non-current assets$292,916 $325,345 
Finance lease ROU assets, at costProperty, plant and equipment, gross83,000 83,714 
Accumulated amortizationAccumulated depreciation(26,895)(26,073)
Finance lease ROU assets, netProperty, plant and equipment, net56,105 57,641 
Total leased assets$349,021 $382,986 
Liabilities
Current
OperatingAccrued liabilities$51,336 $49,583 
FinanceCurrent portion of long-term debt5,271 4,499 
Non-current
OperatingOther long-term liabilities252,276 285,925 
FinanceLong-term debt70,375 69,011 
Total lease liabilities$379,258 $409,018 
The components of certain asset accounts included within our Consolidated Balance Sheets are as follows:
September 27, 2026December 31, 2025
Inventories:
Raw materials$768,778 $762,391 
Goods in process321,512 294,374 
Finished goods1,213,704 1,074,690 
Inventories at First In First Out2,303,994 2,131,455 
Adjustment to Last In First Out(695,238)(702,201)
Total inventories$1,608,756 $1,429,254 
Prepaid expenses and other:
Prepaid expenses$141,066 $201,527 
Other current assets322,526 302,712 
Total prepaid expenses and other$463,592 $504,239 
Property, plant and equipment:
Land$197,041 $199,559 
Buildings2,127,584 2,102,794 
Machinery and equipment4,604,471 4,515,447 
Construction in progress371,524 324,998 
Property, plant and equipment, gross7,300,620 7,142,798 
Accumulated depreciation(3,803,904)(3,613,190)
Property, plant and equipment, net$3,496,716 $3,529,608 
Other non-current assets:
Pension$70,391 $64,520 
Capitalized software, net320,282351,285 
Operating lease ROU assets292,916 325,345 
Investments in unconsolidated affiliates169,392 176,567 
Other non-current assets245,111 205,568 
Total other non-current assets$1,098,092 $1,123,285 
The components of certain liability and stockholders’ equity accounts included within our Consolidated Balance Sheets are as follows:
September 27, 2026December 31, 2025
Accounts payable:
Accounts payable—trade$961,870 $831,204 
Supplier finance program obligations319,735 300,332 
Other133,258 124,165 
Total accounts payable$1,414,863 $1,255,701 
Accrued liabilities:
Payroll, compensation and benefits$261,831 $311,241 
Advertising, promotion and product allowances453,021 373,940 
Operating lease liabilities51,336 49,583 
Other283,445 235,833 
Total accrued liabilities$1,049,633 $970,597 
Other long-term liabilities:
Post-retirement benefits liabilities$93,389 $98,101 
Pension benefits liabilities38,839 42,987 
Operating lease liabilities252,276 285,925 
Other241,841 304,904 
Total other long-term liabilities$626,345 $731,917 
Accumulated other comprehensive loss:
Foreign currency translation adjustments$(137,819)$(136,508)
Pension and post-retirement benefit plans, net of tax(94,755)(107,620)
Cash flow hedges, net of tax3,279 (3,222)
Total accumulated other comprehensive loss$(229,295)$(247,350)