Segments (Tables)

9 Months Ended

Sep. 27, 2024

Segment Reporting [Abstract]

Summary of Financial Information by Segment

The Company’s segment results are as follows:

	Third Quarter				First Nine Months
(in thousands)	2024		2023		2024		2023
Net sales:
Nonalcoholic Beverages	$	1,751,495	$	1,691,060	$	5,106,359	$	4,951,334
All Other	86,230		93,636		260,930		281,186
Eliminations(1)	(72,073)		(72,268)		(214,068)		(209,618)
Consolidated net sales	$	1,765,652	$	1,712,428	$	5,153,221	$	5,022,902
Income from operations:
Nonalcoholic Beverages	$	224,072	$	217,405	$	691,239	$	661,395
All Other	2,983		(1,145)		10,362		(5,411)
Consolidated income from operations	$	227,055	$	216,260	$	701,601	$	655,984
Depreciation and amortization:
Nonalcoholic Beverages	$	44,511	$	41,003	$	131,332	$	122,262
All Other	4,259		3,108		11,847		9,034
Consolidated depreciation and amortization	$	48,770	$	44,111	$	143,179	$	131,296

(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.