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INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Income (Loss) Before Income Taxes

The components of income before income taxes were as follows:

For the years ended December 31,						2024						2023						2022
Domestic						$	1,796,428					$	1,832,771					$	1,816,622
Foreign						677,508						339,093						100,449
Income before income taxes						$	2,473,936					$	2,171,864					$	1,917,071

Schedule of Components of Income Tax Expense (Benefit)

The components of our provision for income taxes were as follows:

For the years ended December 31,						2024						2023						2022
Current:
Federal						$	23,345					$	141,753					$	121,968
State						85,746						83,802						85,741
Foreign						70,371						68,289						27,656
						179,462						293,844						235,365
Deferred:
Federal						21,223						28,191						34,848
State						3,616						(9,531)						3,393
Foreign						48,396						(2,427)						(1,352)
						73,235						16,233						36,889
Total provision for income taxes						$	252,697					$	310,077					$	272,254

Schedule of Deferred Tax Asset and Liabilities

:

December 31,						2024						2023
Deferred tax assets:
Post-retirement benefit obligations						$	23,503					$	24,969
Accrued expenses and other reserves						83,263						85,601
Stock-based compensation						16,656						21,656
Derivative instruments						—						12,268
Lease liabilities						98,915						90,405
Accrued trade promotion reserves						18,706						18,796
Net operating loss carryforwards						98,159						110,342
Capital loss carryforwards						8,002						—
Other						87,525						83,011
Gross deferred tax assets						434,729						447,048
Valuation allowance						(117,239)						(114,149)
Total deferred tax assets						317,490						332,899
Deferred tax liabilities:
Property, plant and equipment, net						295,911						271,465
Acquired intangibles						254,884						228,711
Lease ROU assets						78,852						71,150
Inventories						10,736						13,250
Derivative instruments						37,558						—
Pension						8,440						10,001
Other						18,287						39,566
Total deferred tax liabilities						704,668						634,143
Net deferred tax liabilities						$	(387,178)					$	(301,244)
Included in:
Non-current deferred tax assets, net						$	37,065					$	44,454
Non-current deferred tax liabilities, net						(424,243)						(345,698)
Net deferred tax liabilities						$	(387,178)					$	(301,244)

Schedule of Effective Income Tax Rate Reconciliation

The following table reconciles the federal statutory income tax rate with our effective income tax rate:

For the years ended December 31,						2024						2023						2022
Federal statutory income tax rate						21.0		%				21.0		%				21.0		%
Increase (reduction) resulting from:
State income taxes, net of Federal income tax benefits						2.4						2.8						3.2
Foreign rate differences						(1.2)						(1.0)						(0.1)
Historic and solar tax credits						(9.4)						(9.5)						(9.9)
Tax contingencies						(1.6)						1.1						0.4
Stock compensation						(0.2)						(0.5)						(0.7)
Other, net						(0.8)						0.4						0.3
Effective income tax rate						10.2		%				14.3		%				14.2		%

Schedule of Unrecognized Tax Benefits Roll Forward

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:

December 31,						2024						2023
Balance at beginning of year						$	149,625					$	148,345
Additions for tax positions taken during prior years						7,207						11,567
Reductions for tax positions taken during prior years						(4,913)						(26)
Additions for tax positions taken during the current year						9,339						6,194
Settlements						(201)						(9,838)
Expiration of statutes of limitations						(43,479)						(6,617)
Balance at end of year						$	117,578					$	149,625

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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