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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 30, 2023
Dec. 31, 2022
Dec. 25, 2021
Income Statement [Abstract]      
Net sales [1] $ 5,228,252 $ 4,860,286 $ 4,982,795
Cost of goods sold 2,223,297 2,053,511 2,092,336
Gross profit 3,004,955 2,806,775 2,890,459
Advertising expense 173,109 168,040 171,829
Selling, general and administrative expenses 834,990 775,963 721,260
Research and development expense 904,696 834,927 778,750
Total operating expense 1,912,795 1,778,930 1,671,839
Operating income 1,092,160 1,027,845 1,218,620
Other income (expense):      
Interest income 77,302 40,826 28,573
Foreign currency gains (losses) 26,434 (11,274) (45,263)
Other income 4,460 7,577 4,866
Total other income (expense) 108,196 37,129 (11,824)
Income before income taxes 1,200,356 1,064,974 1,206,796
Income tax provision (benefit)      
Current 250,446 233,844 130,040
Deferred (339,726) (142,455) (5,444)
Income tax expenses (89,280) 91,389 124,596
Net income $ 1,289,636 $ 973,585 $ 1,082,200
Basic net income per share $ 6.74 $ 5.06 $ 5.63
Diluted net income per share $ 6.71 $ 5.04 $ 5.61
[1] The United States is the only country which constitutes greater than 10% of net sales to external customers.