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SEGMENT INFORMATION (Tables)
 9 Months Ended
Sep. 29, 2024
Segment Reporting [Abstract]  
Schedule of Net Sales and Earnings by Segment
Our segment net sales and earnings were as follows:
Three Months EndedNine Months Ended
September 29, 2024October 1, 2023September 29, 2024October 1, 2023
Net sales:
North America Confectionery$2,477,303 $2,457,647 $6,764,439 $6,902,891 
North America Salty Snacks291,835345,182856,835887,532
International218,356227,158693,449717,458
Total$2,987,494 $3,029,987 $8,314,723 $8,507,881 
Segment income:
North America Confectionery$724,822$847,469$2,137,514$2,392,397
North America Salty Snacks53,977 57,389 144,887 147,934 
International14,207 31,688 81,967 127,838 
Total segment income793,006936,5462,364,3682,668,169
Unallocated corporate expense (1)161,796199,270496,215562,974
Unallocated mark-to-market (gains) losses on commodity derivatives(31,083)1,753(195,727)5,217
Costs associated with business realignment activities (see Note 9)
49,129 (426)104,795 3,440 
Operating profit613,164735,9491,959,0852,096,538
Interest expense, net (see Note 4)
44,316 39,755 125,511 114,101 
Other (income) expense, net (see Note 17)
50,10142,78182,695130,248
Income before income taxes$518,747 $653,413 $1,750,879 $1,852,189 
(1)Includes centrally-managed (a) corporate functional costs relating to legal, treasury, finance, and human resources, (b) expenses associated with the oversight and administration of our global operations, including warehousing, distribution and manufacturing, information systems and global shared services, (c) non-cash stock-based compensation expense, (d) acquisition and integration-related costs, and (e) other gains or losses that are not integral to segment performance.
Schedule of Unallocated Mark-to-Market (Gains) Losses on Commodity Derivatives
Activity within the unallocated mark-to-market adjustment for commodity derivatives is as follows:
Three Months EndedNine Months Ended
September 29, 2024October 1, 2023September 29, 2024October 1, 2023
Net losses (gains) on mark-to-market valuation of commodity derivative positions recognized in income$(32,270)$(17,103)$(191,734)$(52)
Net gains (losses) on commodity derivative positions reclassified from unallocated to segment income 1,187 18,856 (3,993)5,269 
Net losses (gains) on mark-to-market valuation of commodity derivative positions recognized in unallocated derivative (gains) losses$(31,083)$1,753 $(195,727)$5,217 
Schedule of Depreciation and Amortization Expense Included within Segment Income
Depreciation and amortization expense included within segment income presented above is as follows:
Three Months EndedNine Months Ended
September 29, 2024October 1, 2023September 29, 2024October 1, 2023
North America Confectionery$64,805 $59,921 $191,210 $176,604 
North America Salty Snacks19,776 19,779 59,475 55,622 
International6,268 5,919 18,467 17,597 
Corporate22,406 17,690 62,288 53,273 
Total$113,255 $103,309 $331,440 $303,096 
Schedule of Segment Information by Geography
Additional information regarding our net sales disaggregated by geographical region is as follows:
Three Months EndedNine Months Ended
September 29, 2024October 1, 2023September 29, 2024October 1, 2023
Net sales:
United States$2,640,336 $2,683,348 $7,273,235 $7,459,710 
All other countries347,158 346,639 1,041,488 1,048,171 
Total$2,987,494 $3,029,987 $8,314,723 $8,507,881