FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Sep. 28, 2025

FAIR VALUE MEASUREMENTS [Abstract]

Schedule of Assets and Liabilities Measured at Fair Value

The following table presents assets and liabilities that were measured at fair value in the Consolidated Balance Sheets on a recurring basis as of September 28, 2025 and December 31, 2024:

	Assets / Liabilities
	Level 1		Level 2		Level 3		Total
September 28, 2025:
Derivative Instruments:
Assets:
Foreign exchange contracts (1)	$	—	$	4,998	$	—	$	4,998
Commodities futures and options (3)	$	3,214	$	—	$	—	$	3,214
Liabilities:
Foreign exchange contracts (1)	$	—	$	3,888	$	—	$	3,888
Deferred compensation derivatives (2)	—		2,249		—		2,249
Commodities futures and options (3)	$	4,528	$	—	$	—	$	4,528
December 31, 2024:
Assets:
Foreign exchange contracts (1)	$	—	$	8,761	$	—	$	8,761
Deferred compensation derivatives (2)	$	—	$	460	$	—	$	460
Commodities futures and options (3)	$	514,623	$	—	$	—	$	514,623
Liabilities:
Foreign exchange contracts (1)	$	—	$	8,080	$	—	$	8,080
Commodities futures and options (3)	$	14,321	$	—	$	—	$	14,321

(1)The fair value of foreign currency forward exchange contracts is the difference between the contract and current market foreign currency exchange rates at the end of the period. We estimate the fair value of foreign currency forward exchange contracts on a quarterly basis by obtaining market quotes of spot and forward rates for contracts with similar terms, adjusted where necessary for maturity differences.

(2)The fair value of deferred compensation derivatives is based on quoted prices for market interest rates and a broad market equity index.

(3)The fair value of commodities futures and options contracts is based on quoted market prices.

Schedule of Fair Values and Carrying Values of Long-Term Debt

The fair values and carrying values of long-term debt, including the current portion, were as follows:

	Fair Value				Carrying Value
	September 28, 2025		December 31, 2024		September 28, 2025		December 31, 2024
Current portion of long-term debt	$	495,556	$	597,547	$	502,334	$	604,965
Long-term debt	4,361,035		2,734,322		4,677,086		3,190,210
Total	$	4,856,591	$	3,331,869	$	5,179,420	$	3,795,175