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DERIVATIVE INSTRUMENTS - SCHEDULE OF THE EFFECT OF DERIVATIVE INSTRUMENTS ON THE CONSOLIDATED STATEMENTS OF INCOME (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jul. 02, 2023 | Jul. 03, 2022 | Jul. 02, 2023 | Jul. 03, 2022
Derivative [Line Items] |  |  |  |
Gains (losses) recognized in income | $ (4,258) | $ (13,112) | $ (13,230) | $ 36,893
Gains (losses) recognized in other comprehensive income (“OCI”) | (4,930) | 5,278 | (3,483) | (646)
Commodities futures and options |  |  |  |
Derivative [Line Items] |  |  |  |
Gains (losses) recognized in income | (6,437) | (8,754) | (17,051) | 42,071
Foreign exchange contracts |  |  |  |
Derivative [Line Items] |  |  |  |
Gains (losses) recognized in income | 573 | (114) | 942 | (134)
Interest rate swap agreements |  |  |  |
Derivative [Line Items] |  |  |  |
Gains (losses) recognized in income | 0 | 0 | 0 | 0
Deferred compensation derivatives |  |  |  |
Derivative [Line Items] |  |  |  |
Gains (losses) recognized in income | 1,606 | (4,244) | 2,879 | (5,044)
Designated as Hedging Instrument | Cash Flow Hedges |  |  |  |
Derivative [Line Items] |  |  |  |
Gains (losses) recognized in other comprehensive income (“OCI”) | (4,930) | 5,278 | (3,483) | (646)
Gains (losses) reclassified from accumulated OCI (“AOCI”) into income (b) | (7,246) | (4,289) | (9,253) | (6,885)
Designated as Hedging Instrument | Cash Flow Hedges | Commodities futures and options |  |  |  |
Derivative [Line Items] |  |  |  |
Gains (losses) recognized in other comprehensive income (“OCI”) | 0 | 0 | 0 | 0
Gains (losses) reclassified from accumulated OCI (“AOCI”) into income (b) | 0 | 0 | 0 | 0
Designated as Hedging Instrument | Cash Flow Hedges | Foreign exchange contracts |  |  |  |
Derivative [Line Items] |  |  |  |
Gains (losses) recognized in other comprehensive income (“OCI”) | (4,930) | 5,278 | (6,656) | (646)
Gains (losses) reclassified from accumulated OCI (“AOCI”) into income (b) | 966 | (1,580) | 1,728 | (1,377)
Designated as Hedging Instrument | Cash Flow Hedges | Interest rate swap agreements |  |  |  |
Derivative [Line Items] |  |  |  |
Gains (losses) recognized in other comprehensive income (“OCI”) | 0 | 0 | 3,173 | 0
Gains (losses) reclassified from accumulated OCI (“AOCI”) into income (b) | (8,212) | (2,709) | (10,981) | (5,508)
Designated as Hedging Instrument | Cash Flow Hedges | Deferred compensation derivatives |  |  |  |
Derivative [Line Items] |  |  |  |
Gains (losses) recognized in other comprehensive income (“OCI”) | 0 | 0 | 0 | 0
Gains (losses) reclassified from accumulated OCI (“AOCI”) into income (b) | $ 0 | $ 0 | $ 0 | $ 0

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