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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 30, 2025
Mar. 31, 2024
Operating Activities    
Net income $ 224,203 $ 797,453
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 119,564 107,764
Stock-based compensation expense 13,559 5,986
Deferred income taxes (12,202) (8,975)
Write-down of equity investments 0 31,391
Unrealized losses (gains) on derivative contracts 270,794 (269,582)
Other 18,272 19,923
Changes in assets and liabilities, net of business acquisition:    
Accounts receivable—trade, net (73,044) (383,417)
Inventories (207,243) 202,055
Prepaid expenses and other current assets (339,155) (11,415)
Accounts payable and accrued liabilities 335,640 (56,334)
Accrued income taxes 80,174 147,537
Contributions to pension and other benefit plans (3,126) (2,408)
Other assets and liabilities (30,754) (10,844)
Net cash provided by operating activities 396,682 569,134
Investing Activities    
Capital additions (including software) (145,527) (213,304)
Receipts (payments) related to equity investments in tax credit qualifying partnerships 3,558 (13,944)
Other investing activities (5,017) (321)
Net cash used in investing activities (146,986) (227,569)
Financing Activities    
Net (decrease) increase in short-term debt (1,165,724) 569,809
Long-term borrowings, net of debt issuance costs 1,986,026 0
Repayment of long-term debt and finance leases (1,797) (1,568)
Cash dividends paid (271,594) (273,404)
Repurchase of common stock 0 (494,191)
Proceeds from exercised stock options 2,738 4,103
Taxes withheld and paid on employee stock awards (12,573) (26,404)
Net cash provided by (used in) financing activities 537,076 (221,655)
Effect of exchange rate changes on cash and cash equivalents (2,266) (1,408)
Net increase in cash and cash equivalents 784,506 118,502
Cash and cash equivalents, beginning of period 730,746 401,902
Cash and cash equivalents, end of period 1,515,252 520,404
Supplemental Disclosure    
Interest paid 38,366 33,888
Income taxes paid $ 38,918 $ 31,284