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SEGMENT INFORMATION (Tables)

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Schedule of Net Sales and Earnings by Segment

Our segment net sales and earnings were as follows:

												Three Months Ended
																		March 31, 2024						April 2, 2023
Net sales:
North America Confectionery																		$	2,707,310					$	2,452,165
North America Salty Snacks																		275,106						269,985
International																		270,333						265,464
Total																		$	3,252,749					$	2,987,614
Segment income:
North America Confectionery																		$	948,195					$	887,750
North America Salty Snacks																		38,705						46,792
International																		42,750						55,049
Total segment income																		1,029,650						989,591
Unallocated corporate expense (1)																		172,899						177,074
Unallocated mark-to-market (gains) losses on commodity derivatives																		(218,015)						10,244
Costs associated with business realignment activities (see Note 9)																		16,666						2,349
Operating profit																		1,058,100						799,924
Interest expense, net (see Note 4)																		39,822						37,685
Other (income) expense, net (see Note 17)																		32,020						2,983
Income before income taxes																		$	986,258					$	759,256

(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 and integration-related costs, and (e) other gains or losses that are not integral to segment performance.

Schedule of Unallocated Mark-to-Market (Gains) Losses on Commodity Derivatives

Activity within the unallocated mark-to-market adjustment for commodity derivatives is as follows:

												Three Months Ended
																		March 31, 2024						April 2, 2023
Net (gains) losses on mark-to-market valuation of commodity derivative positions recognized in income																		$	(197,764)					$	10,614
Net losses on commodity derivative positions reclassified from unallocated to segment income																		(20,251)						(370)
Net (gains) losses on mark-to-market valuation of commodity derivative positions recognized in unallocated derivative (gains) losses																		$	(218,015)					$	10,244

Schedule of Depreciation and Amortization Expense Included within Segment Income

Depreciation and amortization expense included within segment income presented above is as follows:

												Three Months Ended
															March 31, 2024						April 2, 2023
North America Confectionery															$	62,421					$	56,722
North America Salty Snacks																		19,843						17,580
International															6,071						6,058
Corporate															19,429						17,839
Total															$	107,764					$	98,199

Schedule of Segment Information by Geography

Additional information regarding our net sales disaggregated by geographical region is as follows:

												Three Months Ended
															March 31, 2024						April 2, 2023
Net sales:
United States																		$	2,854,432					$	2,617,923
All other countries																		398,317						369,691
Total																		$	3,252,749					$	2,987,614

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