Segments (Tables)

6 Months Ended

Jun. 28, 2024

Segment Reporting [Abstract]

Summary of Financial Information by Segment

The Company’s segment results are as follows:

	Second Quarter				First Half
(in thousands)	2024		2023		2024		2023
Net sales:
Nonalcoholic Beverages	$	1,780,152	$	1,714,862	$	3,354,864	$	3,260,274
All Other	86,598		95,174		174,700		187,550
Eliminations(1)	(70,807)		(71,204)		(141,995)		(137,350)
Consolidated net sales	$	1,795,943	$	1,738,832	$	3,387,569	$	3,310,474
Income from operations:
Nonalcoholic Beverages	$	255,025	$	234,211	$	467,167	$	443,990
All Other	4,115		(541)		7,379		(4,266)
Consolidated income from operations	$	259,140	$	233,670	$	474,546	$	439,724
Depreciation and amortization:
Nonalcoholic Beverages	$	43,723	$	40,695	$	86,821	$	81,259
All Other	3,935		2,981		7,588		5,926
Consolidated depreciation and amortization	$	47,658	$	43,676	$	94,409	$	87,185

(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.