SUPPLEMENTAL BALANCE SHEET INFORMATION (Tables)

9 Months Ended

Oct. 03, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Supplemental Balance Sheet Information

Supplemental balance sheet information related to leases were as follows:

Leases	Classification	October 3, 2021		December 31, 2020
Assets
Operating lease ROU assets	Other non-current assets	$	196,746	$	224,268
Finance lease ROU assets, at cost	Property, plant and equipment, gross	98,967		101,426
Accumulated amortization	Accumulated depreciation	(18,097)		(13,361)
Finance lease ROU assets, net	Property, plant and equipment, net	80,870		88,065
Total leased assets		$	277,616	$	312,333
Liabilities
Current
Operating	Accrued liabilities	$	25,156	$	36,578
Finance	Current portion of long-term debt	3,533		4,868
Non-current
Operating	Other long-term liabilities	166,827		181,871
Finance	Long-term debt	74,713		75,887
Total lease liabilities		$	270,229	$	299,204

The components of certain Consolidated Balance Sheet accounts are as follows:

	October 3, 2021		December 31, 2020
Inventories:
Raw materials	$	403,374	$	388,600
Goods in process	131,523		104,841
Finished goods	662,073		645,664
Inventories at First In First Out	1,196,970		1,139,105
Adjustment to Last In First Out	(170,429)		(174,898)
Total inventories	$	1,026,541	$	964,207
Prepaid expenses and other:
Prepaid expenses	$	68,242	$	95,669
Other current assets	130,418		158,809
Total prepaid expenses and other	$	198,660	$	254,478
Property, plant and equipment:
Land	$	148,283	$	131,513
Buildings	1,466,156		1,387,106
Machinery and equipment	3,267,233		3,169,754
Construction in progress	254,879		276,514
Property, plant and equipment, gross	5,136,551		4,964,887
Accumulated depreciation	(2,766,358)		(2,679,632)
Property, plant and equipment, net	$	2,370,193	$	2,285,255
Other non-current assets:
Capitalized software, net	$	232,367	$	187,673
Operating lease ROU assets	196,746		224,268
Investments in unconsolidated affiliates	77,865		52,351
Other non-current assets	121,708		91,595
Total other non-current assets	$	628,686	$	555,887
Accrued liabilities:
Payroll, compensation and benefits	$	237,934	$	237,342
Advertising, promotion and product allowances	323,903		309,537
Operating lease liabilities	25,156		36,578
Other	164,979		198,309
Total accrued liabilities	$	751,972	$	781,766
Other long-term liabilities:
Post-retirement benefits liabilities	$	214,954	$	223,507
Pension benefits liabilities	46,183		70,727
Operating lease liabilities	166,827		181,871
Other	211,932		207,329
Total other long-term liabilities	$	639,896	$	683,434
Accumulated other comprehensive loss:
Foreign currency translation adjustments	$	(95,941)	$	(98,525)
Pension and post-retirement benefit plans, net of tax	(165,621)		(194,205)
Cash flow hedges, net of tax	(36,838)		(45,352)
Total accumulated other comprehensive loss	$	(298,400)	$	(338,082)