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Related Party Transactions (Tables)
 6 Months Ended
Jun. 28, 2024
Related Party Transactions [Abstract]  
Summary of Significant Transactions between Company and the Coca-cola Company
The following table summarizes the significant cash transactions between the Company and The Coca‑Cola Company:

Second QuarterFirst Half
(in thousands)2024202320242023
Payments made by the Company to The Coca-Cola Company(1)
$538,789 $523,191 $996,033 $992,718 
Payments made by The Coca-Cola Company to the Company63,804 55,495 119,202 102,934 

(1)This excludes acquisition related sub-bottling payments made by the Company to CCR (as defined below), a wholly owned subsidiary of The Coca‑Cola Company.
Summary of Liability to Estimated Fair Value of Contingent Consideration The following table summarizes the liability recorded by the Company to reflect the estimated fair value of contingent consideration related to future expected acquisition related sub-bottling payments to CCR:
(in thousands)June 28, 2024December 31, 2023
Current portion of acquisition related contingent consideration$74,313 $64,528 
Noncurrent portion of acquisition related contingent consideration582,933 604,809 
Total acquisition related contingent consideration$657,246 $669,337