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STOCK COMPENSATION PLANS (Tables)

3 Months Ended

Mar. 30, 2025

Share-Based Payment Arrangement [Abstract]

Schedule of Stock Compensation Costs

For the periods presented, compensation expense for all types of stock-based compensation programs and the related income tax benefit recognized were as follows:

												Three Months Ended
																		March 30, 2025						March 31, 2024
Pre-tax compensation expense																		$	13,559					$	5,986
Related income tax benefit																		3,308						1,221

Schedule of Activity Relating to the Grants of Stock Options

A summary of activity relating to grants of stock options for the period ended March 30, 2025 is as follows:

Stock Options			Shares			Weighted-Average Exercise Price (per share)			Weighted-Average Remaining Contractual Term			Aggregate Intrinsic Value
Outstanding at beginning of year			579,834			$106.73			2.7 years
Exercised			(30,277)			$101.12
Outstanding as of March 30, 2025			549,557			$107.04			2.5 years			$	35,081
Options exercisable as of March 30, 2025			544,098			$105.93			2.4 years			$	35,081

Schedule of Fair Value Estimated on the Grant Date and the Weighted Average Assumptions

The fair value was estimated on the date of grant using a Black-Scholes option-pricing model and the following weighted-average assumptions:

												Three Months Ended
												March 31, 2024
Dividend yields												2.0		%
Expected volatility												21.3		%
Risk-free interest rates												4.3		%
Expected term in years												6.3

Schedule of Activity Relating to Grants of PSUs and RSUs

A summary of activity relating to grants of PSUs and RSUs for the period ended March 30, 2025 is as follows:

Performance Stock Units and Restricted Stock Units						Number of units						Weighted-average grant date fair value for equity awards (per unit)
Outstanding at beginning of year						538,803						$204.65
Granted						420,478						$166.02
Performance assumption change (1)						79,674						$268.24
Vested						(273,976)						$207.25
Forfeited						(27,134)						$204.08
Outstanding as of March 30, 2025						737,845						$188.55

(1)Reflects the net number of PSUs above and below target levels based on the performance metrics.

Schedule of Information Pertaining to Fair Value of PSUs and RSUs Granted for Potential Future Distribution

The following table sets forth information about the fair value of the PSUs and RSUs granted for potential future distribution to employees and non-employee directors. In addition, the table provides assumptions used to determine the fair value of the market-based total shareholder return component using the Monte Carlo simulation model on the date of grant.

						Three Months Ended
						March 30, 2025						March 31, 2024
Units granted						420,478						315,389
Weighted-average fair value at date of grant						$	166.02					$	196.16
Monte Carlo simulation assumptions:
Estimated values						$	65.27					$	84.13
Dividend yields						3.3		%				2.8		%
Expected volatility						21.7		%				18.5		%

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Tabular disclosure of share-based payment arrangement.

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Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit.

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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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