Segments (Tables)

9 Months Ended

Sep. 29, 2023

Segment Reporting [Abstract]

Summary of Financial Information by Segment

The Company’s segment results are as follows:

	Third Quarter				First Nine Months
(in thousands)	2023		2022		2023		2022
Net sales:
Nonalcoholic Beverages	$	1,691,060	$	1,600,065	$	4,951,334	$	4,535,300
All Other	93,636		101,136		281,186		303,209
Eliminations(1)	(72,268)		(72,612)		(209,618)		(210,347)
Consolidated net sales	$	1,712,428	$	1,628,589	$	5,022,902	$	4,628,162

(1)The entire net sales elimination represents net sales from the All Other segment to the Nonalcoholic Beverages segment. Sales between these segments are recognized at either fair market value or cost depending on the nature of the transaction.

	Third Quarter				First Nine Months
(in thousands)	2023		2022		2023		2022
Income from operations:
Nonalcoholic Beverages	$	217,405	$	189,218	$	661,395	$	467,788
All Other	(1,145)		712		(5,411)		420
Consolidated income from operations	$	216,260	$	189,930	$	655,984	$	468,208
Depreciation and amortization:
Nonalcoholic Beverages	$	41,003	$	39,578	$	122,262	$	119,635
All Other	3,108		2,953		9,034		8,748
Consolidated depreciation and amortization	$	44,111	$	42,531	$	131,296	$	128,383