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DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
3 Months Ended
Mar. 29, 2025
DERIVATIVE FINANCIAL INSTRUMENTS  
Schedule of fair value of derivative instruments

The fair value of derivative instruments as of March 29, 2025 and December 28, 2024 was as follows:

Condensed Consolidated

March 29,

December 28,

Derivatives designated as hedging instruments:

    

Balance Sheets location

2025

2024

Commodity contracts

Prepaid expenses and other current assets

$

1,715

$

617

Commodity contracts

Other accrued expenses

(371)

Cross-currency swap contracts

 

Prepaid expenses and other current assets

 

1,074

Cross-currency swap contracts

 

Other accrued expenses

(431)

 

$

1,284

$

1,320

Schedule of gains (losses) on derivatives recognized in the condensed consolidated statements of earnings

    

Thirteen weeks ended

Condensed Consolidated

March 29,

March 30,

Derivatives designated as hedging instruments:

Statements of Earnings location

2025

    

2024

Commodity contracts

Product cost of sales

$

(1,236)

$

956

Interest rate hedge amortization

Interest expense

(16)

 

(16)

Cross-currency swap contracts

Interest expense

281

 

380

$

(971)

$

1,320

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

$

18,741

23,000 short tons

 

March 2025 to December 2025

Natural gas

864

227,000 MMBtu

April 2025 to March 2026

Ultra-low-sulfur diesel fuel

11,827

5,166,000 gallons

March 2025 to December 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