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Related Party Transactions (Tables)
 9 Months Ended
Sep. 27, 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:

Third QuarterFirst Nine Months
(in thousands)2024202320242023
Payments made by the Company to The Coca-Cola Company(1)
$585,967 $552,154 $1,582,000 $1,544,872 
Payments made by The Coca-Cola Company to the Company65,592 67,890 184,794 170,824 

(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, as well as the payment made to repurchase shares pursuant to the Purchase Agreement entered into on May 6, 2024 with CCCBI (as further discussed above).
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)September 27, 2024December 31, 2023
Current portion of acquisition related contingent consideration$75,742 $64,528 
Noncurrent portion of acquisition related contingent consideration629,829 604,809 
Total acquisition related contingent consideration$705,571 $669,337