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SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Schedule of Net Sales and Earnings by Segment

Our segment net sales and earnings were as follows:

For the year ended December 31, 2024						North America Confectionery						North America Salty Snacks						International						Total
Net sales						$	9,118,590					$	1,135,720					$	947,953					$	11,202,263
Cost of sales						4,984,764						719,850						642,634
SM&A expense						1,188,138						216,480						193,800
Total segment income						$	2,945,688					$	199,390					$	111,519					$	3,256,597
Unallocated corporate expense (1)																								701,266
Unallocated mark-to-market gains on commodity derivatives																								(460,437)
Costs associated with business realignment activities (see Note 9)																								117,536
Operating profit																								$	2,898,232
Interest expense, net (see Note 4)																								165,655
Other (income) expense, net (see Note 17)																								258,641
Income before income taxes																								$	2,473,936

For the year ended December 31, 2023						North America Confectionery						North America Salty Snacks						International						Total
Net sales						$	9,123,139					$	1,092,689					$	949,164					$	11,164,992
Cost of sales						4,781,671						726,569						601,175
SM&A expense						1,224,424						207,787						199,730
Total segment income						$	3,117,044					$	158,333					$	148,259					$	3,423,636
Unallocated corporate expense (1)																								800,390
Unallocated mark-to-market losses on commodity derivatives																								58,939
Costs associated with business realignment activities (see Note 9)																								3,440
Operating profit																								$	2,560,867
Interest expense, net (see Note 4)																								151,785
Other (income) expense, net (see Note 17)																								237,218
Income before income taxes																								$	2,171,864

For the year ended December 31, 2022						North America Confectionery						North America Salty Snacks						International						Total
Net sales						$	8,536,480					$	1,029,405					$	853,409					$	10,419,294
Cost of sales						4,573,435						704,589						560,258
SM&A expense						1,151,979						164,881						185,224
Total segment income						$	2,811,066					$	159,935					$	107,927					$	3,078,928
Unallocated corporate expense (1)																								735,542
Unallocated mark-to-market losses on commodity derivatives																								78,182
Costs associated with business realignment activities (see Note 9)																								4,417
Operating profit																								$	2,260,787
Interest expense, net (see Note 4)																								137,557
Other (income) expense, net (see Note 17)																								206,159
Income before income taxes																								$	1,917,071

(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,						2024						2023						2022
Net (gains) losses on mark-to-market valuation of commodity derivative positions recognized in income						$	(509,870)					$	53,085					$	(44,569)
Net gains on commodity derivative positions reclassified from unallocated to segment income						49,433						5,854						122,751
Net (gains) losses on mark-to-market valuation of commodity derivative positions recognized in unallocated derivative losses (gains)						$	(460,437)					$	58,939					$	78,182

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,									2024						2023						2022
North America Confectionery									$	259,502					$	238,786					$	228,399
North America Salty Snacks									86,446						85,566						68,600
International									24,793						23,699						23,148
Corporate									84,514						71,764						58,812
Total									$	455,255					$	419,815					$	378,959

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,									2024						2023						2022
Net sales:
United States									$	9,771,343					$	9,752,314					$	9,121,166
Other									1,430,920						1,412,678						1,298,128
Total									$	11,202,263					$	11,164,992					$	10,419,294
Long-lived assets:
United States									$	2,925,420					$	2,732,787					$	2,272,811
Other									533,433						576,891						496,891
Total									$	3,458,853					$	3,309,678					$	2,769,702

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