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Segments (Tables) | 9 Months Ended
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Sep. 29, 2023
Segment Reporting [Abstract] |
Summary of Financial Information by Segment | The Company’s segment results are as follows:
|  | Third Quarter |  | First Nine Months
(in thousands) |  | 2023 |  | 2022 |  | 2023 |  | 2022
Net sales: |  |  |  |  |  |  |  |
Nonalcoholic Beverages |  | $ | 1,691,060 |  |  | $ | 1,600,065 |  |  | $ | 4,951,334 |  |  | $ | 4,535,300 |
All Other |  | 93,636 |  |  | 101,136 |  |  | 281,186 |  |  | 303,209 |
Eliminations(1) |  | (72,268) |  |  | (72,612) |  |  | (209,618) |  |  | (210,347) |
Consolidated net sales |  | $ | 1,712,428 |  |  | $ | 1,628,589 |  |  | $ | 5,022,902 |  |  | $ | 4,628,162 |
(1)The entire net sales elimination represents net sales from the All Other segment to the Nonalcoholic Beverages segment. Sales between these segments are recognized at either fair market value or cost depending on the nature of the transaction.
|  | Third Quarter |  | First Nine Months
(in thousands) |  | 2023 |  | 2022 |  | 2023 |  | 2022
Income from operations: |  |  |  |  |  |  |  |
Nonalcoholic Beverages |  | $ | 217,405 |  |  | $ | 189,218 |  |  | $ | 661,395 |  |  | $ | 467,788 |
All Other |  | (1,145) |  |  | 712 |  |  | (5,411) |  |  | 420 |
Consolidated income from operations |  | $ | 216,260 |  |  | $ | 189,930 |  |  | $ | 655,984 |  |  | $ | 468,208 |
Depreciation and amortization: |  |  |  |  |  |  |  |
Nonalcoholic Beverages |  | $ | 41,003 |  |  | $ | 39,578 |  |  | $ | 122,262 |  |  | $ | 119,635 |
All Other |  | 3,108 |  |  | 2,953 |  |  | 9,034 |  |  | 8,748 |
Consolidated depreciation and amortization |  | $ | 44,111 |  |  | $ | 42,531 |  |  | $ | 131,296 |  |  | $ | 128,383 |

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- 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 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: 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 3: 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 4: 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
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