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SEGMENT INFORMATION (Tables) | 12 Months Ended
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Dec. 31, 2023
Segment Reporting [Abstract] |
Schedule of Net Sales and Earnings by Segment | Our segment net sales and earnings were as follows:
For the years ended December 31, |  | 2023 |  | 2022 |  | 2021
Net sales: |  |  |  |  |  |
North America Confectionery |  | $ | 9,123,139 |  |  | $ | 8,536,480 |  |  | $ | 7,682,416 |
North America Salty Snacks |  | 1,092,689 |  | 1,029,405 |  | 555,424
International |  | 949,164 |  | 853,409 |  | 733,497
Total |  | $ | 11,164,992 |  |  | $ | 10,419,294 |  |  | $ | 8,971,337 |
Segment income: |  |  |  |  |  |
North America Confectionery |  | $ | 3,117,044 |  | $ | 2,811,066 |  | $ | 2,475,873
North America Salty Snacks |  | 158,333 |  |  | 159,935 |  |  | 100,777 |
International |  | 148,259 |  |  | 107,927 |  |  | 74,170 |
Total segment income |  | 3,423,636 |  | 3,078,928 |  | 2,650,820
Unallocated corporate expense (1) |  | 800,390 |  |  | 735,542 |  |  | 614,875 |
Unallocated mark-to-market losses (gains) on commodity derivatives |  | 58,939 |  | 78,182 |  | (24,376)
Costs associated with business realignment activities (see Note 9) |  | 3,440 |  |  | 4,417 |  |  | 16,599 |
Operating profit |  | 2,560,867 |  | 2,260,787 |  | 2,043,722
Interest expense, net (see Note 4) |  | 151,785 |  |  | 137,557 |  |  | 127,417 |
Other (income) expense, net (see Note 17) |  | 237,218 |  | 206,159 |  | 119,081
Income before income taxes |  | $ | 2,171,864 |  |  | $ | 1,917,071 |  |  | $ | 1,797,224 |
(1)Includes centrally-managed (a) corporate functional costs relating to legal, treasury, finance, and human resources, (b) expenses associated with the oversight and administration of our global operations, including warehousing, distribution and manufacturing, information systems and global shared services, (c) non-cash stock-based compensation expense, (d) acquisition-related costs and (e) other gains or losses that are not integral to segment performance.
Schedule of Unallocated Mark-to-Market Losses (Gains) on Commodity Derivatives | Activity within the unallocated mark-to-market losses (gains) on commodity derivatives is as follows:
For the years ended December 31, |  | 2023 |  | 2022 |  | 2021
Net losses (gains) on mark-to-market valuation of commodity derivative positions recognized in income |  | $ | 53,085 |  |  | $ | (44,569) |  |  | $ | (85,402) |
Net gains on commodity derivative positions reclassified from unallocated to segment income |  | 5,854 |  |  | 122,751 |  |  | 61,026 |
Net losses (gains) on mark-to-market valuation of commodity derivative positions recognized in unallocated derivative losses (gains) |  | $ | 58,939 |  |  | $ | 78,182 |  |  | $ | (24,376) |
Schedule of Depreciation and Amortization Expense Included within Segment Income | Depreciation and amortization expense included within segment income presented above is as follows:
For the years ended December 31, |  | 2023 |  | 2022 |  | 2021
North America Confectionery |  | $ | 238,786 |  |  | $ | 228,399 |  |  | $ | 213,113 |
North America Salty Snacks |  | 85,566 |  | 68,600 |  | 29,744
International |  | 23,699 |  | 23,148 |  | 22,754
Corporate |  | 71,764 |  | 58,812 |  | 49,391
Total |  | $ | 419,815 |  |  | $ | 378,959 |  |  | $ | 315,002 |
Schedule of Segment Information by Geography | Additional information regarding our net sales and long-lived assets disaggregated by geographical region is as follows:
For the years ended December 31, |  | 2023 |  | 2022 |  | 2021
Net sales: |  |  |  |  |  |
United States |  | $ | 9,752,314 |  |  | $ | 9,121,166 |  |  | $ | 7,807,606 |
Other |  | 1,412,678 |  |  | 1,298,128 |  |  | 1,163,731 |
Total |  | $ | 11,164,992 |  |  | $ | 10,419,294 |  |  | $ | 8,971,337 |
Long-lived assets: |  |  |  |  |  |
United States |  | $ | 2,732,787 |  |  | $ | 2,272,811 |  |  | $ | 2,099,786 |
Other |  | 576,891 |  |  | 496,891 |  |  | 486,401 |
Total |  | $ | 3,309,678 |  |  | $ | 2,769,702 |  |  | $ | 2,586,187 |

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