XML 14 R4.htm IDEA: XBRL DOCUMENT v3.24.3
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
3 Months Ended 9 Months Ended
Sep. 28, 2024
Sep. 30, 2023
Sep. 28, 2024
Sep. 30, 2023
Net sales $ 11,762,628,000 $ 11,925,373,000 $ 34,639,001,000 $ 35,020,863,000
Cost of sales 10,917,136,000 11,070,529,000 32,130,141,000 32,452,386,000
Gross profit 845,492,000 854,844,000 2,508,860,000 2,568,477,000
Operating expenses:        
Selling, general and administrative 627,318,000 623,352,000 1,917,419,000 1,935,975,000
Restructuring costs 0 19,090,000 22,018,000 19,090,000
Total operating expenses 627,318,000 642,442,000 1,939,437,000 1,955,065,000
Income from operations 218,174,000 212,402,000 569,423,000 613,412,000
Other (income) expense:        
Interest income (11,791,000) (8,779,000) (32,156,000) (25,160,000)
Interest expense 86,254,000 98,321,000 257,790,000 284,751,000
Net foreign currency exchange loss (gain) 10,675,000 (10,462,000) 29,938,000 18,641,000
Other 13,813,000 12,984,000 34,784,000 25,481,000
Total other (income) expense 98,951,000 92,064,000 290,356,000 303,713,000
Income before income taxes 119,223,000 120,338,000 279,067,000 309,699,000
Provision for income taxes 42,254,000 33,555,000 97,961,000 93,511,000
Net income 76,969,000 86,783,000 181,106,000 216,188,000
Class A Common Stock        
Other (income) expense:        
Net income $ 76,395,000 $ 86,136,000 $ 179,757,000 $ 214,578,000
Basic earnings per share (in dollars per share) $ 0.35 $ 0.39 $ 0.81 $ 0.97
Diluted earnings per share (in dollars per share) $ 0.35 $ 0.39 $ 0.81 $ 0.97
Class B Common Stock        
Other (income) expense:        
Net income $ 574,000 $ 647,000 $ 1,349,000 $ 1,610,000
Basic earnings per share (in dollars per share) $ 0.35 $ 0.39 $ 0.81 $ 0.97
Diluted earnings per share (in dollars per share) $ 0.35 $ 0.39 $ 0.81 $ 0.97