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SEGMENT INFORMATION (Tables)

12 Months Ended

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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