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LEASES (Tables)
 3 Months Ended
Mar. 30, 2025
Leases [Abstract]  
Schedule of Components of Lease Expense
The components of lease expense for the three months ended March 30, 2025 and March 31, 2024 were as follows:  
Three Months Ended
Lease expenseClassificationMarch 30, 2025March 31, 2024
Operating lease costCost of sales or SM&A (1)$14,211 $12,215 
Finance lease cost:
Amortization of ROU assetsDepreciation and amortization (1)2,250 2,213 
Interest on lease liabilitiesInterest expense, net1,134 1,185 
Net lease cost (2)$17,595 $15,613 
(1)Supply chain-related amounts were included in cost of sales.
(2)Net lease cost does not include short-term leases, variable lease costs or sublease income, all of which are immaterial.
Information regarding our lease terms and discount rates were as follows:
March 30, 2025December 31, 2024
Weighted-average remaining lease term (years)
Operating leases11.712.4
Finance leases26.225.9
Weighted-average discount rate
Operating leases3.8 %3.7 %
Finance leases6.3 %6.3 %
Schedule of Supplemental Balance Sheet Information
Supplemental balance sheet information related to leases were as follows:
LeasesClassificationMarch 30, 2025December 31, 2024
Assets
Operating lease ROU assetsOther non-current assets$357,070 $337,739 
Finance lease ROU assets, at costProperty, plant and equipment, gross87,077 87,999 
Accumulated amortizationAccumulated depreciation(27,020)(25,515)
Finance lease ROU assets, netProperty, plant and equipment, net60,057 62,484 
Total leased assets$417,127 $400,223 
Liabilities
Current
OperatingAccrued liabilities$45,682 $40,636 
FinanceCurrent portion of long-term debt4,905 5,666 
Non-current
OperatingOther long-term liabilities319,640 304,767 
FinanceLong-term debt67,476 68,136 
Total lease liabilities$437,703 $419,205 
The components of certain asset accounts included within our Consolidated Balance Sheets are as follows:
March 30, 2025December 31, 2024
Inventories:
Raw materials$767,802 $477,592 
Goods in process305,364 204,674 
Finished goods986,432 990,785 
Inventories at First In First Out2,059,598 1,673,051 
Adjustment to Last In First Out(592,265)(418,957)
Total inventories$1,467,333 $1,254,094 
Prepaid expenses and other:
Prepaid expenses$165,291 $269,792 
Other current assets776,627 704,423 
Total prepaid expenses and other$941,918 $974,215 
Property, plant and equipment:
Land$195,475 $194,502 
Buildings2,010,638 1,991,937 
Machinery and equipment4,248,792 4,147,530 
Construction in progress405,561 478,842 
Property, plant and equipment, gross6,860,466 6,812,811 
Accumulated depreciation(3,423,485)(3,353,958)
Property, plant and equipment, net$3,436,981 $3,458,853 
Other non-current assets:
Pension$39,031 $41,298 
Capitalized software, net360,577367,087 
Operating lease ROU assets357,070 337,739 
Investments in unconsolidated affiliates209,578 212,928 
Other non-current assets160,573 152,815 
Total other non-current assets$1,126,829 $1,111,867 
The components of certain liability and stockholders’ equity accounts included within our Consolidated Balance Sheets are as follows:
March 30, 2025December 31, 2024
Accounts payable:
Accounts payable—trade$775,019 $807,918 
Supplier finance program obligations305,180 215,122 
Other335,261 136,137 
Total accounts payable$1,415,460 $1,159,177 
Accrued liabilities:
Payroll, compensation and benefits$170,892 $226,774 
Advertising, promotion and product allowances379,927 359,986 
Operating lease liabilities45,682 40,636 
Other230,446 179,945 
Total accrued liabilities$826,947 $807,341 
Other long-term liabilities:
Post-retirement benefits liabilities$85,790 $87,006 
Pension benefits liabilities29,168 33,837 
Operating lease liabilities319,640 304,767 
Other241,659 262,649 
Total other long-term liabilities$676,257 $688,259 
Accumulated other comprehensive loss:
Foreign currency translation adjustments$(167,837)$(177,741)
Pension and post-retirement benefit plans, net of tax(119,987)(122,098)
Cash flow hedges, net of tax(3,475)(4,051)
Total accumulated other comprehensive loss$(291,299)$(303,890)
Schedule of Maturity of Operating Lease Liabilities
The maturities of our lease liabilities as of March 30, 2025 were as follows:
Operating leasesFinance leasesTotal
2025 (rest of year)$44,082 $7,109 $51,191 
202655,757 6,922 62,679 
202753,087 4,902 57,989 
202835,740 4,396 40,136 
202932,388 4,245 36,633 
Thereafter227,053 133,709 360,762 
Total lease payments448,107 161,283 609,390 
Less: Imputed interest82,785 88,902 171,687 
Total lease liabilities$365,322 $72,381 $437,703 
Schedule of Maturity of Finance Lease Liabilities
The maturities of our lease liabilities as of March 30, 2025 were as follows:
Operating leasesFinance leasesTotal
2025 (rest of year)$44,082 $7,109 $51,191 
202655,757 6,922 62,679 
202753,087 4,902 57,989 
202835,740 4,396 40,136 
202932,388 4,245 36,633 
Thereafter227,053 133,709 360,762 
Total lease payments448,107 161,283 609,390 
Less: Imputed interest82,785 88,902 171,687 
Total lease liabilities$365,322 $72,381 $437,703 
Schedule of Supplemental Cash Flow Information Related To Leases
Supplemental cash flow and other information related to leases were as follows:
Three Months Ended
March 30, 2025March 31, 2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$13,538 $11,824 
Operating cash flows from finance leases1,134 1,185 
Financing cash flows from finance leases1,798 1,563 
ROU assets obtained in exchange for lease liabilities:
Operating leases$29,501 $9,043 
Finance leases62 983