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SEGMENT INFORMATION (Tables)

3 Months Ended

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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