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EARNINGS PER SHARE - SCHEDULE OF BASIC AND DILUTED EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 29, 2025 | Jun. 30, 2024 | Jun. 29, 2025 | Jun. 30, 2024
Common Stock |  |  |  |
Basic earnings per share: |  |  |  |
Allocation of distributed earnings (cash dividends paid) | $ 203,237 | $ 202,527 | $ 406,837 | $ 407,938
Allocation of undistributed earnings | (156,214) | (67,107) | (191,695) | 325,740
Total earnings—basic | $ 47,023 | $ 135,420 | $ 215,142 | $ 733,678
Total weighted-average shares—basic (shares) | 148,247 | 147,893 | 148,175 | 148,753
Net income per share - basic (USD per share) | $ 0.32 | $ 0.92 | $ 1.45 | $ 4.93
Numerator: |  |  |  |
Allocation of total earnings used in basic computation | $ 47,023 | $ 135,420 | $ 215,142 | $ 733,678
Reallocation of total earnings as a result of conversion of Class B common stock to Common stock | 15,696 | 45,474 | 71,780 | 244,669
Reallocation of undistributed earnings | 0 | 0 | 0 | 0
Total earnings—diluted | $ 62,719 | $ 180,894 | $ 286,922 | $ 978,347
Conversion of Class B common stock to Common shares outstanding (shares) | 54,614 | 54,614 | 54,614 | 54,614
Total weighted-average shares—diluted (shares) | 203,188 | 203,007 | 203,168 | 203,943
Net income per share - diluted (USD per share) | $ 0.31 | $ 0.89 | $ 1.41 | $ 4.80
Common Stock | Employee Stock Option |  |  |  |
Numerator: |  |  |  |
Incremental common shares attributable to dilutive effect of share-based payment arrangements (shares) | 190 | 299 | 193 | 308
Common Stock | Performance Stock Units and Restricted Stock Units |  |  |  |
Numerator: |  |  |  |
Incremental common shares attributable to dilutive effect of share-based payment arrangements (shares) | 137 | 201 | 186 | 268
Class B common stock |  |  |  |
Basic earnings per share: |  |  |  |
Allocation of distributed earnings (cash dividends paid) | $ 67,994 | $ 67,994 | $ 135,988 | $ 135,988
Allocation of undistributed earnings | (52,298) | (22,520) | (64,208) | 108,681
Total earnings—basic | $ 15,696 | $ 45,474 | $ 71,780 | $ 244,669
Total weighted-average shares—basic (shares) | 54,614 | 54,614 | 54,614 | 54,614
Net income per share - basic (USD per share) | $ 0.29 | $ 0.83 | $ 1.31 | $ 4.48
Numerator: |  |  |  |
Allocation of total earnings used in basic computation | $ 15,696 | $ 45,474 | $ 71,780 | $ 244,669
Reallocation of total earnings as a result of conversion of Class B common stock to Common stock | 0 | 0 | 0 | 0
Reallocation of undistributed earnings | 86 | 57 | 123 | (314)
Total earnings—diluted | $ 15,782 | $ 45,531 | $ 71,903 | $ 244,355
Conversion of Class B common stock to Common shares outstanding (shares) | 0 | 0 | 0 | 0
Total weighted-average shares—diluted (shares) | 54,614 | 54,614 | 54,614 | 54,614
Net income per share - diluted (USD per share) | $ 0.29 | $ 0.83 | $ 1.32 | $ 4.47
Class B common stock | Employee Stock Option |  |  |  |
Numerator: |  |  |  |
Incremental common shares attributable to dilutive effect of share-based payment arrangements (shares) | 0 | 0 | 0 | 0
Class B common stock | Performance Stock Units and Restricted Stock Units |  |  |  |
Numerator: |  |  |  |
Incremental common shares attributable to dilutive effect of share-based payment arrangements (shares) | 0 | 0 | 0 | 0

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- Definition The total amount of dividends declared in the period for each class of stock and the contractual amount of dividends (or interest on participating income bonds) that must be paid for the period (for example, unpaid cumulative dividends). Dividends declared in the current period do not include dividends declared in respect of prior-period unpaid cumulative dividends. Preferred dividends that are cumulative only if earned are deducted only to the extent that they are earned. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 60B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482689/260-10-45-60B + Details
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