XML 54 R38.htm IDEA: XBRL DOCUMENT
v3.25.2

SEGMENT INFORMATION (Tables) | 6 Months Ended
--- | ---
Jun. 29, 2025
Segment Reporting [Abstract] |
Schedule of Net Sales and Earnings by Segment | Our segment net sales and earnings for the three months ended June 29, 2025 and June 30, 2024 were as follows:
For the three months ended June 29, 2025 |  | North America Confectionery |  | North America Salty Snacks |  | International |  | Total
Net sales |  | $ | 2,085,468 |  |  | $ | 315,519 |  |  | $ | 213,731 |  |  | $ | 2,614,718 |
Cost of sales |  | 1,274,772 |  |  | 194,534 |  |  | 148,412 |  |  |
SM&A expense |  | 306,767 |  |  | 54,505 |  |  | 45,524 |  |  |
Total segment income |  | $ | 503,929 |  |  | $ | 66,480 |  |  | $ | 19,795 |  |  | $ | 590,204 |
Unallocated corporate expense (1) |  |  |  |  |  |  |  | 181,527 |
Unallocated mark-to-market losses on commodity derivatives |  |  |  | 200,727 |
Costs associated with business realignment activities (see Note 9) |  |  |  | 15,139 |
Operating profit |  |  |  | $ | 192,811 |
Interest expense, net (see Note 4) |  |  |  | 46,035 |
Other (income) expense, net (see Note 17) |  |  |  | (2,336) |
Income before income taxes |  |  |  | $ | 149,112 |
For the three months ended June 30, 2024 |  | North America Confectionery |  | North America Salty Snacks |  | International |  | Total
Net sales |  | $ | 1,579,826 |  |  | $ | 289,894 |  |  | $ | 204,760 |  |  | $ | 2,074,480 |
Cost of sales |  | 862,848 |  |  | 180,282 |  |  | 136,135 |  |  |
SM&A expense |  | 252,482 |  |  | 57,408 |  |  | 43,615 |  |  |
Total segment income |  | $ | 464,496 |  |  | $ | 52,204 |  |  | $ | 25,010 |  |  | $ | 541,710 |
Unallocated corporate expense (1) |  |  |  |  |  |  |  | 161,518 |
Unallocated mark-to-market losses on commodity derivatives |  |  |  | 53,371 |
Costs associated with business realignment activities (see Note 9) |  |  |  | 39,000 |
Operating profit |  |  |  | $ | 287,821 |
Interest expense, net (see Note 4) |  |  |  | 41,373 |
Other (income) expense, net (see Note 17) |  |  |  | 574 |
Income before income taxes |  |  |  | $ | 245,874 |
(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. Our segment net sales and earnings for the six months ended June 29, 2025 and June 30, 2024 were as follows:
For the six months ended June 29, 2025 |  | North America Confectionery |  | North America Salty Snacks |  | International |  | Total
Net sales |  | $ | 4,385,608 |  |  | $ | 593,317 |  |  | $ | 441,212 |  |  | $ | 5,420,137 |
Cost of sales |  | 2,589,848 |  |  | 375,172 |  |  | 302,396 |  |  |
SM&A expense |  | 595,457 |  |  | 109,812 |  |  | 90,295 |  |  |
Total segment income |  | $ | 1,200,303 |  |  | $ | 108,333 |  |  | $ | 48,521 |  |  | $ | 1,357,157 |
Unallocated corporate expense (1) |  |  |  |  |  |  |  | 341,952 |
Unallocated mark-to-market losses on commodity derivatives |  |  |  | 412,181 |
Costs associated with business realignment activities (see Note 9) |  |  |  | 40,992 |
Operating profit |  |  |  | $ | 562,032 |
Interest expense, net (see Note 4) |  |  |  | 90,657 |
Other (income) expense, net (see Note 17) |  |  |  | (1,391) |
Income before income taxes |  |  |  | $ | 472,766 |
For the six months ended June 30, 2024 |  | North America Confectionery |  | North America Salty Snacks |  | International |  | Total
Net sales |  | $ | 4,287,136 |  |  | $ | 565,000 |  |  | $ | 475,093 |  |  | $ | 5,327,229 |
Cost of sales |  | 2,291,239 |  |  | 364,028 |  |  | 316,067 |  |  |
SM&A expense |  | 583,205 |  |  | 110,062 |  |  | 91,266 |  |  |
Total segment income |  | $ | 1,412,692 |  |  | $ | 90,910 |  |  | $ | 67,760 |  |  | $ | 1,571,362 |
Unallocated corporate expense (1) |  |  |  |  |  |  |  | 334,419 |
Unallocated mark-to-market gains on commodity derivatives |  |  |  | (164,644) |
Costs associated with business realignment activities (see Note 9) |  |  |  | 55,666 |
Operating profit |  |  |  | $ | 1,345,921 |
Interest expense, net (see Note 4) |  |  |  | 81,195 |
Other (income) expense, net (see Note 17) |  |  |  | 32,594 |
Income before income taxes |  |  |  | $ | 1,232,132 |
(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 |  | Six Months Ended
|  | June 29, 2025 |  | June 30, 2024 |  | June 29, 2025 |  | June 30, 2024
Net losses (gains) on mark-to-market valuation of commodity derivative positions recognized in income |  | $ | 31,545 |  |  | $ | 38,300 |  |  | $ | 85,402 |  |  | $ | (159,464) |
Net gains (losses) on commodity derivative positions reclassified from unallocated to segment income |  | 169,182 |  |  | 15,071 |  |  | 326,779 |  |  | (5,180) |
Net losses (gains) on mark-to-market valuation of commodity derivative positions recognized in unallocated derivative (gains) losses |  | $ | 200,727 |  |  | $ | 53,371 |  |  | $ | 412,181 |  |  | $ | (164,644) |
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 |  | Six Months Ended
|  | June 29, 2025 |  | June 30, 2024 |  | June 29, 2025 |  | June 30, 2024
North America Confectionery |  | $ | 72,787 |  |  | $ | 63,984 |  |  | $ | 142,560 |  |  | $ | 126,405 |
North America Salty Snacks |  | 22,327 |  |  | 19,856 |  |  | 44,173 |  |  | 39,699 |
International |  | 6,713 |  |  | 6,128 |  |  | 12,898 |  |  | 12,199 |
Corporate |  | 22,006 |  |  | 20,453 |  |  | 43,766 |  |  | 39,882 |
Total |  | $ | 123,833 |  |  | $ | 110,421 |  |  | $ | 243,397 |  |  | $ | 218,185 |
Schedule of Segment Information by Geography | Additional information regarding our net sales disaggregated by geographical region is as follows:
|  | Three Months Ended |  | Six Months Ended
|  | June 29, 2025 |  | June 30, 2024 |  | June 29, 2025 |  | June 30, 2024
Net sales: |  |  |  |  |  |  |  |
United States |  | $ | 2,285,230 |  |  | $ | 1,778,467 |  |  | $ | 4,752,984 |  |  | $ | 4,632,899 |
All other countries |  | 329,488 |  |  | 296,013 |  |  | 667,153 |  |  | 694,330 |
Total |  | $ | 2,614,718 |  |  | $ | 2,074,480 |  |  | $ | 5,420,137 |  |  | $ | 5,327,229 |

X
- Definition Allocation Of Net Derivative Gains Losses From Economic Hedges To Operating Results Of Reporting Segments Table [Table Text Block] + References No definition available. + Details
Name: | hsy_AllocationOfNetDerivativeGainsLossesFromEconomicHedgesToOperatingResultsOfReportingSegmentsTableTableTextBlock
Namespace Prefix: | hsy_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of reconciliation of other items from reportable segments to their consolidated amount. Excludes reconciliation of revenue, profit (loss), and assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ReconciliationOfOtherSignificantReconcilingItemsFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
Name: | us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration