Segments (Tables)

3 Months Ended

Mar. 29, 2024

Segment Reporting [Abstract]

Summary of Financial Information by Segment

The Company’s segment results are as follows:

	First Quarter
(in thousands)	2024		2023
Net sales:
Nonalcoholic Beverages	$	1,574,712	$	1,545,412
All Other	88,102		92,376
Eliminations(1)	(71,188)		(66,146)
Consolidated net sales	$	1,591,626	$	1,571,642

(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.

	First Quarter
(in thousands)	2024		2023
Income from operations:
Nonalcoholic Beverages	$	212,142	$	209,779
All Other	3,264		(3,725)
Consolidated income from operations	$	215,406	$	206,054
Depreciation and amortization:
Nonalcoholic Beverages	$	43,098	$	40,564
All Other	3,653		2,945
Consolidated depreciation and amortization	$	46,751	$	43,509