GOODWILL AND INTANGIBLE ASSETS

6 Months Ended

Jul. 02, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLE ASSETSThe changes in the carrying value of goodwill by reportable segment for the six months ended July 2, 2023 are as follows:


	North America Confectionery		North America Salty Snacks		International		Total
Balance at December 31, 2022	$	2,018,430	$	571,771	$	16,755	$	2,606,956
Acquired during the period (see Note 2)	—		85,231		—		85,231


Foreign currency translation	2,397		—		1,413		3,810
Balance at July 2, 2023	$	2,020,827	$	657,002	$	18,168	$	2,695,997

The following table provides the gross carrying amount and accumulated amortization for each major class of intangible asset:


	July 2, 2023				December 31, 2022
	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Intangible assets subject to amortization:
Trademarks	$	1,703,026	$	(215,399)	$	1,701,932	$	(190,045)
Customer-related	513,909		(108,790)		513,188		(93,495)
Patents	8,233		(8,233)		8,053		(8,053)

Total	2,225,168		(332,422)		2,223,173		(291,593)

Intangible assets not subject to amortization:
Trademarks	35,438				34,689
Total other intangible assets	$	1,928,184			$	1,966,269

Total amortization expense for the three months ended July 2, 2023 and July 3, 2022 was $20,562 and $20,060, respectively. Total amortization expense for the six months ended July 2, 2023 and July 3, 2022 was $39,739 and $39,918, respectively.