XML 61 R47.htm IDEA: XBRL DOCUMENT v3.10.0.1

SEGMENT REPORTING (Tables)

6 Months Ended

Jul. 01, 2018

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Information on segments and a reconciliation to income before income taxes are as follows:

	Thirteen Weeks Ended								Twenty-Six Weeks Ended
	July 1, 2018				June 25, 2017				July 1, 2018				June 25, 2017
	(In thousands)
U.S.	$	1,899,435			$	1,882,142			$	3,740,540			$	3,618,547
U.K. and Europe	563,102				500,681				1,107,402				959,530
Mexico	374,176				369,463				735,449				653,549
Total net sales	$	2,836,713			$	2,752,286			$	5,583,391			$	5,231,626

	Thirteen Weeks Ended								Twenty-Six Weeks Ended
	July 1, 2018				June 25, 2017				July 1, 2018				June 25, 2017
	(In thousands)
U.S.	$	99,469			$	277,602			$	226,755			$	411,159
U.K. and Europe	23,662				18,932				45,075				33,305
Mexico	61,997				81,778				114,867				100,549
Elimination	(16		)		23				8				46
Total operating income	185,112				378,335				386,705				545,059
Interest expense, net of capitalized interest	40,267				22,567				90,567				41,679
Interest income	(4,834		)		(1,104		)		(6,424		)		(1,472		)
Foreign currency transaction losses (gains)	5,630				(2,303		)		3,909				(1,612		)
Miscellaneous, net	(817		)		(1,272		)		(2,434		)		(4,115		)
Income before income taxes	$	144,866			$	360,447			$	301,087			$	510,579

Information on segments for goodwill and total assets are as follows:

	July 1, 2018				December 31, 2017
	(In thousands)
U.S.	$	41,936			$	41,936
U.K. and Europe	815,017				834,346
Mexico	125,607				125,607
Total goodwill	$	982,560			$	1,001,889

	July 1, 2018				December 31, 2017
	(In thousands)
U.S.	$	4,850,511			$	4,444,918
U.K. and Europe	2,049,592				2,226,895
Mexico	963,869				934,511
Eliminations(a)	(1,561,403		)		(1,357,672		)
Total assets	$	6,302,569			$	6,248,652

(a) Eliminations for the period ended July 1, 2018 include the elimination of the U.S. segment's $191.7 million investment in the Mexico segment, the elimination of $111.0 million in intersegment receivables and payables between the U.S. and Mexico segments and the elimination of the U.S. segment's $1.3 billion investment in the U.K. and Europe segment. Eliminations for the period ended December 31, 2017 include the elimination of the U.S. segment's $191.7 million investment in the Mexico segment and the elimination of $111.1 million in intersegment receivables and payables between the U.S. and Mexico segments and the elimination of the U.S. segment's $1.1 billion investment in the U.K. and Europe segment.

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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum: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