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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 28, 2025
Jun. 29, 2024
Jun. 28, 2025
Jun. 29, 2024
CONSOLIDATED STATEMENTS OF OPERATIONS        
Sales $ 7,579,947 $ 6,892,868 $ 14,393,964 $ 13,817,128
Cost of sales 6,731,290 6,046,424 12,771,315 12,112,858
Gross profit 848,657 846,444 1,622,649 1,704,270
Operating expenses:        
Selling, general, and administrative 600,990 552,595 1,163,306 1,135,921
Depreciation and amortization 35,162 41,037 70,972 82,764
Restructuring, integration, and other 21,919 40,537 39,232 87,393
Total operating expenses 658,071 634,169 1,273,510 1,306,078
Operating income 190,586 212,275 349,139 398,192
Equity in (losses) earnings of affiliated companies (659) 1,254 661 910
Gain (loss) on investments, net 103,976 (4,615) 104,116 (4,517)
Loss on extinguishment of debt 0 (1,657) 0 (1,657)
Post-retirement expense (664) (980) (1,286) (1,913)
Interest and other financing expense, net (60,283) (66,891) (116,465) (146,495)
Income before income taxes 232,956 139,386 336,165 244,520
Provision for income taxes 45,934 29,762 69,279 51,798
Consolidated net income 187,022 109,624 266,886 192,722
Noncontrolling interests (727) 926 (583) 423
Net income attributable to shareholders $ 187,749 $ 108,698 $ 267,469 $ 192,299
Net income per share:        
Basic (in dollars per share) $ 3.62 $ 2.03 $ 5.14 $ 3.56
Diluted (in dollars per share) $ 3.59 $ 2.01 $ 5.09 $ 3.53
Weighted-average shares outstanding:        
Basic (in shares) 51,856 53,640 52,057 53,944
Diluted (in shares) 52,342 54,181 52,504 54,496