SEGMENT INFORMATION (Tables)

9 Months Ended

Oct. 02, 2016

Summary of Net Sales and Earnings, by Segment

Our segment net sales and earnings were as follows:



	Three Months Ended					Nine Months Ended
	October 2, 2016		October 4, 2015			October 2, 2016			October 4, 2015
Net sales:
North America	$	1,764,528	$	1,733,869		$	4,842,840		$	4,840,438
International and Other	238,926		226,910			627,097			636,966
Total	$	2,003,454	$	1,960,779		$	5,469,937		$	5,477,404

Segment Income (Loss):
North America	$	563,946	$	546,080		$	1,519,059		$	1,561,053
International and Other	4,284		(13,509		)	(12,411		)	(79,754		)
Total segment income	568,230		532,571			1,506,648			1,481,299
Unallocated corporate expense (1)	121,828		117,695			370,622			383,160
Unallocated mark-to-market losses on commodity derivatives (2)	35,791		—			30,851			—
Goodwill impairment	—		30,991			—			280,802
Charges associated with business realignment activities	27,962		67,463			104,487			101,428
Non-service related pension expense	6,360		4,049			20,666			6,976
Acquisition integration costs	2,265		9,359			3,727			14,253
Operating profit	374,024		303,014			976,295			694,680
Interest expense, net	24,387		46,967			66,730			85,046
Other (income) expense, net	21,800		9,409			8,703			4,328
Income before income taxes	$	327,837	$	246,638		$	900,862		$	605,306

(1)

Includes centrally-managed (a) corporate functional costs relating to legal, treasury, finance, and human resources, (b) expenses associated with the oversight and administration of our global operations, including warehousing, distribution and manufacturing, information systems and global shared services, (c) non-cash stock-based compensation expense, and (d) other gains or losses that are not integral to segment performance.


(2)	Reflects gains and losses on commodity derivative instruments that are excluded from segment income until the related inventory is sold. See Note 5.

Allocation Of Net Derivative Gains Losses From Economic Hedges To Operating Results Of Reporting Segments Table

Activity within the unallocated mark-to-market (gains) losses on commodity derivatives for the three and nine months ended October 2, 2016 included:



	Three Months Ended		Nine Months Ended
	October 2, 2016		October 2, 2016
Net losses on mark-to-market valuation of unallocated commodity derivative positions	$	37,246	$	37,176
Net losses on commodity derivative positions allocated to segment income	1,455		6,325
Net losses on mark-to-market valuation of commodity derivative positions remaining in unallocated derivative (gains) losses	$	35,791	$	30,851

Reconciliation of Other Significant Reconciling Items from Segments to Consolidated

Depreciation and amortization expense included within segment income presented above is as follows:



	Three Months Ended				Nine Months Ended
	October 2, 2016		October 4, 2015		October 2, 2016		October 4, 2015
North America	$	41,592	$	38,887	$	120,378	$	113,837
International and Other	13,515		13,993		37,523		34,136
Corporate (1)	30,015		11,174		84,000		34,882
Total	$	85,122	$	64,054	$	241,901	$	182,855