XML 50 R35.htm IDEA: XBRL DOCUMENT v3.24.3
BUSINESS REALIGNMENT ACTIVITIES (Tables)
 9 Months Ended
Sep. 29, 2024
Restructuring and Related Activities [Abstract]  
Schedule of Business Realignment Activity
Costs associated with business realignment activities are classified in our Consolidated Statements of Income as follows:
Three Months EndedNine Months Ended
September 29, 2024October 1, 2023September 29, 2024October 1, 2023
Cost of sales$1,457 $(506)$12,168 $527 
Selling, marketing and administrative expense20,037 80 60,055 2,472 
Business realignment costs27,635 — 32,572 441 
Costs associated with business realignment activities$49,129 $(426)$104,795 $3,440 
Costs recorded by program during the three and nine months ended September 29, 2024 and October 1, 2023 related to these activities were as follows:
Three Months EndedNine Months Ended
September 29, 2024October 1, 2023September 29, 2024October 1, 2023
Advancing Agility & Automation Initiative:
Severance and employee benefit costs$27,635 $— $32,572 $— 
Other program costs21,494 — 72,223 — 
International Optimization Program:
Severance and employee benefit costs$— $— $— $441 
Other program costs— (426)— 2,999 
Total$49,129 $(426)$104,795 $3,440 
The following table presents the liability activity for costs qualifying as exit and disposal costs for the nine months ended September 29, 2024:
Total
Liability balance at December 31, 2023 (1)
$— 
2024 business realignment charges (2)
32,572 
Cash payments(3,933)
Liability balance at September 29, 2024 (1)
$28,639 
(1)The liability balances reflected above are reported within accrued liabilities and other long-term liabilities.
(2)The costs reflected in the liability roll-forward represent employee-related charges.