XML 16 R2.htm IDEA: XBRL DOCUMENT v3.23.2
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jul. 02, 2023
Jul. 03, 2022
Jul. 02, 2023
Jul. 03, 2022
Net sales $ 2,490,280 $ 2,372,582 $ 5,477,894 $ 5,038,803
Cost of sales 1,358,181 1,372,583 2,963,473 2,793,324
Gross profit 1,132,099 999,999 2,514,421 2,245,479
Selling, marketing and administrative expense 571,804 543,468 1,153,391 1,067,684
Business realignment (benefits) costs (370) 0 441 274
Operating profit 560,665 456,531 1,360,589 1,177,521
Interest expense, net 36,661 33,413 74,346 66,592
Other (income) expense, net 84,484 19,658 87,467 30,065
Income before income taxes 439,520 403,460 1,198,776 1,080,864
Provision for income taxes 32,537 87,904 204,608 231,830
Net income $ 406,983 $ 315,556 $ 994,168 $ 849,034
Common stock        
Net income per share—basic:        
Net income per share - basic (USD per share) $ 2.03 $ 1.57 $ 4.96 $ 4.24
Net income per share—diluted:        
Net income per share - diluted (USD per share) 1.98 1.53 4.83 4.10
Dividends paid per share:        
Dividends paid per share (USD per share) 1.036 0.901 2.072 1.802
Class B common stock        
Net income per share—basic:        
Net income per share - basic (USD per share) 1.88 1.44 4.57 3.85
Net income per share—diluted:        
Net income per share - diluted (USD per share) 1.88 1.44 4.56 3.84
Dividends paid per share:        
Dividends paid per share (USD per share) $ 0.942 $ 0.819 $ 1.884 $ 1.638