GOODWILL AND INTANGIBLE ASSETS

6 Months Ended

Jun. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS

The changes in the carrying value of goodwill by reportable segment for the six months ended June 30, 2024 are as follows:

	North America Confectionery		North America Salty Snacks		International		Total
Balance at December 31, 2023	$	2,020,831	$	657,001	$	18,218	$	2,696,050
Foreign currency translation	(3,585)		—		(852)		(4,437)
Balance at June 30, 2024	$	2,017,246	$	657,001	$	17,366	$	2,691,613

The following table provides the gross carrying amount and accumulated amortization for each major class of intangible asset:

	June 30, 2024				December 31, 2023
	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Intangible assets subject to amortization:
Trademarks	$	1,701,392	$	(273,432)	$	1,703,029	$	(249,947)
Customer-related	512,832		(137,324)		513,910		(123,282)
Patents	7,963		(7,963)		8,233		(8,233)
Total	2,222,187		(418,719)		2,225,172		(381,462)
Intangible assets not subject to amortization:
Trademarks	35,057				35,519
Total other intangible assets	$	1,838,525			$	1,879,229

Total amortization expense for the three months ended June 30, 2024 and July 2, 2023 was $19,539 and $20,562, respectively. Total amortization expense for the six months ended June 30, 2024 and July 2, 2023 was $39,093 and $39,739, respectively.