XML 63 R47.htm IDEA: XBRL DOCUMENT v3.25.0.1

DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Dec. 28, 2024

DERIVATIVE FINANCIAL INSTRUMENTS

Schedule of Fair Value of Derivative Instruments

The fair value of derivative instruments as of December 28, 2024 and December 30, 2023 was as follows:

​

​	​	​	​	​	​	​	​	​
​	​	Consolidated	​	December 28,		​	December 30,
Derivatives designated as hedging instruments:		Balance Sheets location	​	2024		​	2023
Commodity contracts	​	Prepaid expenses and other current assets	​	$	617	​	$	2,520
Commodity contracts	​	Other accrued expenses	​	​	(371)	​	​	(1,586)
Cross-currency swap contracts		Prepaid expenses and other current assets	​	​	1,074		​	1,938
Cross-currency swap contracts		Other accrued expenses	​	​	—		​	(12)
​	​	​	​	$	1,320	​	$	2,860

Schedule of Gains (Losses) on Derivatives Recognized on Statements of Earnings

​

​	​	​	​	​	​	​	​	​
​	​	Consolidated	​	December 28,		​	December 30,
Derivatives designated as hedging instruments:		Balance Sheets location	​	2024		​	2023
Commodity contracts	​	Prepaid expenses and other current assets	​	$	617	​	$	2,520
Commodity contracts	​	Other accrued expenses	​	​	(371)	​	​	(1,586)
Cross-currency swap contracts		Prepaid expenses and other current assets	​	​	1,074		​	1,938
Cross-currency swap contracts		Other accrued expenses	​	​	—		​	(12)
​	​	​	​	$	1,320	​	$	2,860

Cash Flow Hedging

DERIVATIVE FINANCIAL INSTRUMENTS

Schedule of notional amounts of outstanding derivative

​	​	​	​	​	​	​	​
​		Notional		​	Total	​	​
Commodity Type	​	Amount		​	Purchase Quantity	​	Maturity Dates
Hot-rolled coil steel	​	$	13,459	​	17,000 short tons		January 2025 to September 2025
Natural gas	​	​	1,384	​	352,000 MMBtu	​	January 2025 to March 2026
Ultra-low-sulfur diesel fuel	​	​	623	​	2,604,000 gallons	​	December 2024 to June 2026

Net Investment Hedging

DERIVATIVE FINANCIAL INSTRUMENTS

Schedule of notional amounts of outstanding derivative

​

​	​	​	​	​	​	​	​	​	​	​
​		Notional		​	​	​	Swapped	​	Settlement
Currency	​	Amount		​	Termination Date	​	Interest Rate	​	Amount
Euro	​	$	80,000	​	April 1, 2029		3.461%	​	€	74,509

X

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480237/815-40-50-5

+ Details

Name:	us-gaap_DerivativeLineItems
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for derivatives and fair value of assets and liabilities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 815
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/815/tableOfContent

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 820
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/820/tableOfContent

+ Details

Name:	us-gaap_DerivativesAndFairValueTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4A
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A

+ Details

Name:	us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the notional amounts of outstanding derivative positions.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1A
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-1A

+ Details

Name:	us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis=us-gaap_CashFlowHedgingMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis=us-gaap_NetInvestmentHedgingMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: