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SEGMENT REPORTING | 9 Months Ended
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Sep. 29, 2019
Segment Reporting [Abstract] |
SEGMENT REPORTING | SEGMENT REPORTING The Company operates in three reportable segments: U.S., U.K. and Europe, and Mexico. The Company measures segment profit as operating income. Corporate expenses are allocated to Mexico based upon various apportionment methods for specific expenditures incurred related thereto with the remaining amounts allocated to the U.S. Information on segments and a reconciliation to income before income taxes are as follows:
| Thirteen Weeks Ended |  | Thirty-Nine Weeks Ended
| September 29, 2019 |  | September 30, 2018 |  | September 29, 2019 |  | September 30, 2018
Net Sales | (In thousands)
U.S. | $ | 1,931,657 |  |  | $ | 1,864,169 |  |  | $ | 5,732,201 |  |  | $ | 5,604,709 |
U.K. and Europe | 517,531 |  |  | 526,722 |  |  | 1,568,396 |  |  | 1,634,125 |
Mexico | 328,782 |  |  | 306,713 |  |  | 1,045,133 |  |  | 1,042,161 |
Total net sales | $ | 2,777,970 |  |  | $ | 2,697,604 |  |  | $ | 8,345,730 |  |  | $ | 8,280,995 |
| Thirteen Weeks Ended |  | Thirty-Nine Weeks Ended
| September 29, 2019 |  | September 30, 2018 |  | September 29, 2019 |  | September 30, 2018
Operating Income | (In thousands)
U.S. | $ | 125,169 |  |  | $ | 74,206 |  |  | $ | 426,968 |  |  | $ | 300,960 |
U.K. and Europe | 25,325 |  |  | 23,470 |  |  | 62,233 |  |  | 68,545 |
Mexico | 37,667 |  |  | (12,355 | ) |  | 115,503 |  |  | 102,512 |
Elimination | 24 |  |  | 25 |  |  | 72 |  |  | 34 |
Total operating income | 188,185 |  |  | 85,346 |  |  | 604,776 |  |  | 472,051 |
Interest expense, net of capitalized interest | 32,028 |  |  | 35,334 |  |  | 99,184 |  |  | 125,901 |
Interest income | (4,698 | ) |  | (4,241 | ) |  | (11,481 | ) |  | (10,665 | )
Foreign currency transaction losses (gains) | 3,027 |  |  | (6,711 | ) |  | 7,923 |  |  | (2,802 | )
Miscellaneous, net | 1,367 |  |  | 653 |  |  | 2,521 |  |  | (1,781 | )
Income before income taxes | $ | 156,461 |  |  | $ | 60,311 |  |  | $ | 506,629 |  |  | $ | 361,398 |
In addition to the net sales reported above, the U.S. segment also generated intersegment net sales of $57.2 million and $23.6 million in the thirteen weeks ended September 29, 2019 and September 30, 2018, respectively, from transactions with the Mexico segment and intersegment net sales of $125.9 million and $95.7 million in the thirty-nine weeks ended September 29, 2019 and September 30, 2018, respectively, from transactions with the Mexico segment. These intersegment net sales were transacted at market prices.
| September 29, 2019 |  | December 30, 2018
Long-Lived Assets(a) | (In thousands)
U.S. | $ | 1,582,318 |  |  | $ | 1,506,217 |
U.K. and Europe | 345,412 |  |  | 359,621 |
Mexico | 283,394 |  |  | 295,864 |
Total assets | $ | 2,211,124 |  |  | $ | 2,161,702 |
(a) For this disclosure, we exclude financial instruments, deferred tax assets, operating lease assets and intangible assets in accordance with Accounting Standards Codification (“ASC”) 280-10-50-41, Segment Reporting. Long-lived assets, as used in ASC 280-10-50-41, implies hard assets that cannot be readily removed.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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