EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Earnings Per Share

	Three Months Ended
	March 31, 2024				April 2, 2023
	Common Stock		Class B Common Stock		Common Stock		Class B Common Stock
Basic earnings per share:
Numerator:
Allocation of distributed earnings (cash dividends paid)	$	205,411	$	67,994	$	153,555	$	53,801
Allocation of undistributed earnings	393,508		130,540		281,044		98,785
Total earnings—basic	$	598,919	$	198,534	$	434,599	$	152,586
Denominator (shares in thousands):
Total weighted-average shares—basic	149,609		54,614		147,746		57,114
Earnings Per Share—basic	$	4.00	$	3.64	$	2.94	$	2.67
Diluted earnings per share:
Numerator:
Allocation of total earnings used in basic computation	$	598,919	$	198,534	$	434,599	$	152,586
Reallocation of total earnings as a result of conversion of Class B common stock to Common stock	198,534		—		152,586		—
Reallocation of undistributed earnings	—		(425)		—		(481)
Total earnings—diluted	$	797,453	$	198,109	$	587,185	$	152,105
Denominator (shares in thousands):
Number of shares used in basic computation	149,609		54,614		147,746		57,114
Weighted-average effect of dilutive securities:
Conversion of Class B common stock to Common shares outstanding	54,614		—		57,114		—
Employee stock options	318		—		503		—
Performance and restricted stock units	334		—		474		—
Total weighted-average shares—diluted	204,875		54,614		205,837		57,114
Earnings Per Share—diluted	$	3.89	$	3.63	$	2.85	$	2.66