SEGMENT INFORMATION (Tables)

9 Months Ended

Sep. 28, 2025

Segment Reporting [Abstract]

Schedule of Net Sales and Earnings by Segment

Our segment net sales and earnings for the three months ended September 28, 2025 and September 29, 2024 were as follows:

For the three months ended September 28, 2025	North America Confectionery		North America Salty Snacks		International		Total
Net sales	$	2,615,600	$	321,020	$	244,798	$	3,181,418
Cost of sales	1,752,225		206,267		209,843
SM&A expense	291,900		57,006		48,562
Total segment income (loss)	$	571,475	$	57,747	$	(13,607)	$	615,615
Unallocated corporate expense (1)							194,705
Unallocated mark-to-market gains on commodity derivatives							(24,250)
Costs associated with business realignment activities (see Note 9)							10,577
Operating profit							$	434,583
Interest expense, net (see Note 4)							51,474
Other (income) expense, net (see Note 17)							11,199
Income before income taxes							$	371,910

For the three months ended September 29, 2024	North America Confectionery		North America Salty Snacks		International		Total
Net sales	$	2,477,303	$	291,835	$	218,356	$	2,987,494
Cost of sales	1,446,950		181,729		154,012
SM&A expense	305,531		56,129		50,137
Total segment income	$	724,822	$	53,977	$	14,207	$	793,006
Unallocated corporate expense (1)							161,796
Unallocated mark-to-market gains on commodity derivatives							(31,083)
Costs associated with business realignment activities (see Note 9)							49,129
Operating profit							$	613,164
Interest expense, net (see Note 4)							44,316
Other (income) expense, net (see Note 17)							50,101
Income before income taxes							$	518,747

(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.

Our segment net sales and earnings for the nine months ended September 28, 2025 and September 29, 2024 were as follows:

For the nine months ended September 28, 2025	North America Confectionery		North America Salty Snacks		International		Total
Net sales	$	7,001,208	$	914,337	$	686,010	$	8,601,555
Cost of sales	4,342,071		581,440		512,239
SM&A expense	887,357		166,817		138,857
Total segment income	$	1,771,780	$	166,080	$	34,914	$	1,972,774
Unallocated corporate expense (1)							536,659
Unallocated mark-to-market losses on commodity derivatives							387,932
Costs associated with business realignment activities (see Note 9)							51,568
Operating profit							$	996,615
Interest expense, net (see Note 4)							142,131
Other (income) expense, net (see Note 17)							9,808
Income before income taxes							$	844,676

For the nine months ended September 29, 2024	North America Confectionery		North America Salty Snacks		International		Total
Net sales	$	6,764,439	$	856,835	$	693,449	$	8,314,723
Cost of sales	3,738,180		545,758		470,079
SM&A expense	888,745		166,190		141,403
Total segment income	$	2,137,514	$	144,887	$	81,967	$	2,364,368
Unallocated corporate expense (1)							496,215
Unallocated mark-to-market gains on commodity derivatives							(195,727)
Costs associated with business realignment activities (see Note 9)							104,795
Operating profit							$	1,959,085
Interest expense, net (see Note 4)							125,511
Other (income) expense, net (see Note 17)							82,695
Income before income taxes							$	1,750,879

(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 Ended				Nine Months Ended
	September 28, 2025		September 29, 2024		September 28, 2025		September 29, 2024
Net (gains) losses on mark-to-market valuation of commodity derivative positions recognized in income	$	(32,745)	$	(32,270)	$	52,657	$	(191,734)
Net gains (losses) on commodity derivative positions reclassified from unallocated to segment income	8,495		1,187		335,275		(3,993)
Net (gains) losses on mark-to-market valuation of commodity derivative positions recognized in unallocated derivative (gains) losses	$	(24,250)	$	(31,083)	$	387,932	$	(195,727)

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 Ended				Nine Months Ended
	September 28, 2025		September 29, 2024		September 28, 2025		September 29, 2024
North America Confectionery	$	78,752	$	64,805	$	221,311	$	191,210
North America Salty Snacks	19,414		19,776		63,587		59,475
International	7,276		6,268		20,174		18,467
Corporate	22,342		22,406		66,108		62,288
Total	$	127,784	$	113,255	$	371,180	$	331,440

Schedule of Segment Information by Geography

Additional information regarding our net sales disaggregated by geographical region is as follows:

	Three Months Ended				Nine Months Ended
	September 28, 2025		September 29, 2024		September 28, 2025		September 29, 2024
Net sales:
United States	$	2,799,716	$	2,640,336	$	7,552,700	$	7,273,235
All other countries	381,702		347,158		1,048,855		1,041,488
Total	$	3,181,418	$	2,987,494	$	8,601,555	$	8,314,723