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SEGMENT INFORMATION (Tables) | 3 Months Ended
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Mar. 30, 2025
Segment Reporting [Abstract] |
Schedule of Net Sales and Earnings by Segment | Our segment net sales and earnings were as follows:
For the three months ended March 30, 2025 |  | North America Confectionery |  | North America Salty Snacks |  | International |  | Total
Net sales |  | $ | 2,300,140 |  |  | $ | 277,798 |  |  | $ | 227,481 |  |  | $ | 2,805,419 |
Cost of sales |  | 1,315,076 |  |  | 180,638 |  |  | 153,984 |  |  |
SM&A expense |  | 288,690 |  |  | 55,307 |  |  | 44,771 |  |  |
Total segment income |  | $ | 696,374 |  |  | $ | 41,853 |  |  | $ | 28,726 |  |  | $ | 766,953 |
Unallocated corporate expense (1) |  |  |  |  |  |  |  | 160,425 |
Unallocated mark-to-market losses on commodity derivatives |  |  |  | 211,453 |
Costs associated with business realignment activities (see Note 9) |  |  |  | 25,854 |
Operating profit |  |  |  | $ | 369,221 |
Interest expense, net (see Note 4) |  |  |  | 44,622 |
Other (income) expense, net (see Note 17) |  |  |  | 945 |
Income before income taxes |  |  |  | $ | 323,654 |
For the three months ended March 31, 2024 |  | North America Confectionery |  | North America Salty Snacks |  | International |  | Total
Net sales |  | $ | 2,707,310 |  |  | $ | 275,106 |  |  | $ | 270,333 |  |  | $ | 3,252,749 |
Cost of sales |  | 1,428,391 |  |  | 183,747 |  |  | 179,932 |  |  |
SM&A expense |  | 330,724 |  |  | 52,654 |  |  | 47,651 |  |  |
Total segment income |  | $ | 948,195 |  |  | $ | 38,705 |  |  | $ | 42,750 |  |  | $ | 1,029,650 |
Unallocated corporate expense (1) |  |  |  |  |  |  |  | 172,899 |
Unallocated mark-to-market gains on commodity derivatives |  |  |  | (218,015) |
Costs associated with business realignment activities (see Note 9) |  |  |  | 16,666 |
Operating profit |  |  |  | $ | 1,058,100 |
Interest expense, net (see Note 4) |  |  |  | 39,822 |
Other (income) expense, net (see Note 17) |  |  |  | 32,020 |
Income before income taxes |  |  |  | $ | 986,258 |
(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 30, 2025 |  | March 31, 2024
Net losses (gains) on mark-to-market valuation of commodity derivative positions recognized in income |  |  |  |  |  | $ | 53,857 |  |  | $ | (197,764) |
Net gains (losses) on commodity derivative positions reclassified from unallocated to segment income |  |  |  |  |  | 157,596 |  |  | (20,251) |
Net losses (gains) on mark-to-market valuation of commodity derivative positions recognized in unallocated derivative (gains) losses |  |  |  |  |  | $ | 211,453 |  |  | $ | (218,015) |
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 30, 2025 |  | March 31, 2024
North America Confectionery |  |  |  |  |  | $ | 69,773 |  |  | $ | 62,421 |
North America Salty Snacks |  |  |  |  |  | 21,846 |  |  | 19,843 |
International |  |  |  |  |  | 6,185 |  |  | 6,071 |
Corporate |  |  |  |  |  | 21,760 |  |  | 19,429 |
Total |  |  |  |  |  | $ | 119,564 |  |  | $ | 107,764 |
Schedule of Segment Information by Geography | Additional information regarding our net sales disaggregated by geographical region is as follows:
|  |  |  | Three Months Ended
|  |  |  |  |  | March 30, 2025 |  | March 31, 2024
Net sales: |  |  |  |  |  |  |  |
United States |  |  |  |  |  | $ | 2,467,754 |  |  | $ | 2,854,432 |
All other countries |  |  |  |  |  | 337,665 |  |  | 398,317 |
Total |  |  |  |  |  | $ | 2,805,419 |  |  | $ | 3,252,749 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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