GOODWILL AND INTANGIBLE ASSETS

9 Months Ended

Sep. 29, 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 nine months ended September 29, 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	(2,213)		—		(1,642)		(3,855)
Balance at September 29, 2024	$	2,018,618	$	657,001	$	16,576	$	2,692,195

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

	September 29, 2024				December 31, 2023
	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Intangible assets subject to amortization:
Trademarks	$	1,702,018	$	(285,900)	$	1,703,029	$	(249,947)
Customer-related	513,244		(145,015)		513,910		(123,282)
Patents	8,067		(8,067)		8,233		(8,233)
Total	2,223,329		(438,982)		2,225,172		(381,462)
Intangible assets not subject to amortization:
Trademarks	34,633				35,519
Total other intangible assets	$	1,818,980			$	1,879,229

Total amortization expense for the three months ended September 29, 2024 and October 1, 2023 was $19,534 and $19,882, respectively. Total amortization expense for the nine months ended September 29, 2024 and October 1, 2023 was $58,627 and $59,620, respectively.