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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 28, 2024
Sep. 30, 2023
Sep. 28, 2024
Sep. 30, 2023
CONSOLIDATED STATEMENTS OF OPERATIONS        
Sales $ 6,823,319 $ 8,007,019 $ 20,640,447 $ 25,257,963
Cost of sales 6,038,491 7,027,422 18,151,349 22,098,495
Gross profit 784,828 979,597 2,489,098 3,159,468
Operating expenses:        
Selling, general, and administrative 534,508 563,150 1,670,429 1,822,783
Depreciation and amortization 40,592 45,005 123,356 137,948
Restructuring, integration, and other 34,466 31,359 121,859 44,252
Total operating expenses 609,566 639,514 1,915,644 2,004,983
Operating income 175,262 340,083 573,454 1,154,485
Equity in earnings of affiliated companies 1,002 1,392 1,912 4,373
Gain (loss) on investments, net 3,757 (6,159) (760) 4,649
Loss on extinguishment of debt 0 0 (1,657) 0
Employee benefit plan expense, net (979) (854) (2,892) (2,510)
Interest and other financing expense, net (62,947) (82,180) (209,442) (246,672)
Income before income taxes 116,095 252,282 360,615 914,325
Provision for income taxes 15,198 52,241 66,996 201,168
Consolidated net income 100,897 200,041 293,619 713,157
Noncontrolling interests 330 1,382 753 4,189
Net income attributable to shareholders $ 100,567 $ 198,659 $ 292,866 $ 708,968
Net income per share:        
Basic (in dollars per share) $ 1.90 $ 3.57 $ 5.48 $ 12.43
Diluted (in dollars per share) $ 1.88 $ 3.53 $ 5.42 $ 12.28
Weighted-average shares outstanding:        
Basic (in shares) 53,010 55,597 53,476 57,021
Diluted (in shares) 53,475 56,298 53,999 57,715