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SUPPLEMENTAL BALANCE SHEET INFORMATION | 9 Months Ended
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Oct. 01, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
SUPPLEMENTAL BALANCE SHEET INFORMATION | SUPPLEMENTAL BALANCE SHEET INFORMATION The components of certain asset accounts included within our Consolidated Balance Sheets are as follows:
|  | October 1, 2023 |  | December 31, 2022 |
Inventories: |  |  |  |  |
Raw materials |  | $ | 469,455 |  |  | $ | 372,612 |  |
Goods in process |  | 184,397 |  |  | 137,298 |  |
Finished goods |  | 969,620 |  |  | 855,217 |  |
Inventories at First In First Out |  | 1,623,472 |  |  | 1,365,127 |  |
Adjustment to Last In First Out |  | (275,652) |  |  | (192,008) |  |
Total inventories |  | $ | 1,347,820 |  |  | $ | 1,173,119 |  |
Prepaid expenses and other: |  |  |  |  |
Prepaid expenses |  | $ | 133,265 |  |  | $ | 143,888 |  |
Other current assets |  | 110,352 |  |  | 128,307 |  |
Total prepaid expenses and other |  | $ | 243,617 |  |  | $ | 272,195 |  |
Property, plant and equipment: |  |  |  |  |
Land |  | $ | 159,701 |  |  | $ | 155,963 |  |
Buildings |  | 1,618,136 |  |  | 1,545,053 |  |
Machinery and equipment |  | 3,836,925 |  |  | 3,592,251 |  |
Construction in progress |  | 618,631 |  |  | 416,220 |  |
Property, plant and equipment, gross |  | 6,233,393 |  |  | 5,709,487 |  |
Accumulated depreciation |  | (3,077,329) |  |  | (2,939,785) |  |
Property, plant and equipment, net |  | $ | 3,156,064 |  |  | $ | 2,769,702 |  |
Other non-current assets: |  |  |  |  |
Pension |  | $ | 42,754 |  |  | $ | 53,495 |  |
Capitalized software, net |  | 345,198 |  | 320,034 |  |
Operating lease ROU assets |  | 315,524 |  |  | 326,472 |  |
Investments in unconsolidated affiliates |  | 126,325 |  |  | 133,029 |  |
Other non-current assets |  | 120,594 |  |  | 111,959 |  |
Total other non-current assets |  | $ | 950,395 |  |  | $ | 944,989 |  |
The components of certain liability and stockholders’ equity accounts included within our Consolidated Balance Sheets are as follows: |
|  | October 1, 2023 |  | December 31, 2022 |
Accounts payable: |  |  |  |  |
Accounts payable—trade |  | $ | 675,389 |  |  | $ | 636,472 |  |
Supplier finance program obligations |  | 149,533 |  |  | 105,293 |  |
Other |  | 260,094 |  |  | 228,793 |  |
Total accounts payable |  | $ | 1,085,016 |  |  | $ | 970,558 |  |
Accrued liabilities: |  |  |  |  |
Payroll, compensation and benefits |  | $ | 245,975 |  |  | $ | 293,865 |  |
Advertising, promotion and product allowances |  | 384,872 |  |  | 337,024 |  |
Operating lease liabilities |  | 34,320 |  |  | 31,787 |  |
Other |  | 303,759 |  |  | 169,842 |  |
Total accrued liabilities |  | $ | 968,926 |  |  | $ | 832,518 |  |
Other long-term liabilities: |  |  |  |  |
Post-retirement benefits liabilities |  | $ | 77,995 |  |  | $ | 147,174 |  |
Pension benefits liabilities |  | 27,515 |  |  | 27,696 |  |
Operating lease liabilities |  | 283,967 |  |  | 294,849 |  |
Other |  | 252,324 |  |  | 250,023 |  |
Total other long-term liabilities |  | $ | 641,801 |  |  | $ | 719,742 |  |
Accumulated other comprehensive loss: |  |  |  |  |
Foreign currency translation adjustments |  | $ | (101,489) |  |  | $ | (110,364) |  |
Pension and post-retirement benefit plans, net of tax |  | (131,993) |  |  | (118,254) |  |
Cash flow hedges, net of tax |  | (17,165) |  |  | (23,715) |  |
Total accumulated other comprehensive loss |  | $ | (250,647) |  |  | $ | (252,333) |  |

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- Definition The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 210 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//210/tableOfContent + Details
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