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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 28, 2025
Sep. 29, 2024
Sep. 28, 2025
Sep. 29, 2024
Net sales $ 3,181,418 $ 2,987,494 $ 8,601,555 $ 8,314,723
Cost of sales 2,144,084 1,754,775 5,823,681 4,572,178
Gross profit 1,037,334 1,232,719 2,777,874 3,742,545
Selling, marketing and administrative expense 600,540 591,920 1,762,419 1,750,888
Business realignment costs 2,211 27,635 18,840 32,572
Operating profit 434,583 613,164 996,615 1,959,085
Interest expense, net 51,474 44,316 142,131 125,511
Other (income) expense, net 11,199 50,101 9,808 82,695
Income before income taxes 371,910 518,747 844,676 1,750,879
Provision for income taxes 95,590 72,446 281,434 326,231
Net income $ 276,320 $ 446,301 $ 563,242 $ 1,424,648
Common Stock        
Net income per share—basic:        
Net income per share - basic (USD per share) $ 1.40 $ 2.26 $ 2.85 $ 7.19
Net income per share—diluted:        
Net income per share - diluted (USD per share) 1.36 2.20 2.77 7.00
Dividends paid per share:        
Dividends paid per share (USD per share) 1.370 1.370 4.110 4.110
Class B common stock        
Net income per share—basic:        
Net income per share - basic (USD per share) 1.27 2.05 2.58 6.53
Net income per share—diluted:        
Net income per share - diluted (USD per share) 1.27 2.05 2.59 6.53
Dividends paid per share:        
Dividends paid per share (USD per share) $ 1.245 $ 1.245 $ 3.735 $ 3.735