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EARNINGS PER SHARE
 3 Months Ended
Mar. 29, 2026
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE
We compute basic earnings per share for Common Stock and Class B common stock using the two-class method. The Class B common stock is convertible into Common Stock on a share-for-share basis at any time. The computation of diluted earnings per share for Common Stock assumes the conversion of Class B common stock using the if-converted method, while the diluted earnings per share of Class B common stock does not assume the conversion of those shares.
Three Months Ended
March 29, 2026March 30, 2025
Common StockClass B Common StockCommon StockClass B Common Stock
Basic earnings per share:
Numerator:
Allocation of distributed earnings (cash dividends paid)$215,907 $72,090 $203,600 $67,994 
Allocation of undistributed earnings110,268 36,840 (35,496)(11,895)
Total earnings—basic$326,175 $108,930 $168,104 $56,099 
Denominator (shares in thousands):
Total weighted-average shares—basic148,606 54,614 148,097 54,614 
Earnings Per Share—basic$2.19 $1.99 $1.14 $1.03 
Diluted earnings per share:
Numerator:
Allocation of total earnings used in basic computation$326,175 $108,930 $168,104 $56,099 
Reallocation of total earnings as a result of conversion of Class B common stock to Common stock108,930 — 56,099 — 
Reallocation of undistributed earnings— (132)— 26 
Total earnings—diluted$435,105 $108,798 $224,203 $56,125 
Denominator (shares in thousands):
Number of shares used in basic computation148,606 54,614 148,097 54,614 
Weighted-average effect of dilutive securities:
Conversion of Class B common stock to Common shares outstanding54,614 — 54,614 — 
Employee stock options120 — 196 — 
Performance and restricted stock units591 — 234 — 
Total weighted-average shares—diluted203,931 54,614 203,141 54,614 
Earnings Per Share—diluted$2.13 $1.99 $1.10 $1.03 
The earnings per share calculations for the three months ended March 29, 2026 and March 30, 2025 excluded 14 and 27 stock options (in thousands), respectively, that would have been antidilutive.