GOODWILL AND INTANGIBLE ASSETS

9 Months Ended

Sep. 28, 2025

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 28, 2025 are as follows:

	North America Confectionery		North America Salty Snacks		International		Total
Balance at December 31, 2024	$	2,032,857	$	657,001	$	15,895	$	2,705,753
Measurement period adjustments	1,382		—		—		1,382
Foreign currency translation	3,215		—		988		4,203
Balance at September 28, 2025	$	2,037,454	$	657,001	$	16,883	$	2,711,338

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

	September 28, 2025				December 31, 2024
	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Intangible assets subject to amortization:
Trademarks	$	1,801,222	$	(322,409)	$	1,721,159	$	(282,819)
Customer-related	553,561		(176,288)		552,594		(151,409)
Patents	7,821		(7,821)		7,579		(7,579)
Total	2,362,604		(506,518)		2,281,332		(441,807)
Intangible assets not subject to amortization:
Trademarks	35,015				34,341
Total other intangible assets	$	1,891,101			$	1,873,866

In 2025, the gross carrying amount of our intangible assets and corresponding accumulated amortization increased as a result of the purchase of the Fulfil brand in North America.

Total amortization expense for the three months ended September 28, 2025 and September 29, 2024 was $21,202 and $19,534, respectively. Total amortization expense for the nine months ended September 28, 2025 and September 29, 2024 was $62,958 and $58,627, respectively.