XML 22 R5.htm IDEA: XBRL DOCUMENT v3.25.0.1
CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
$ in Thousands
12 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Dec. 31, 2022
Net sales $ 3,875,162 $ 4,036,605 $ 4,032,853
Cost of Sales 2,404,793 2,502,543 2,586,299
Gross profit 1,470,369 1,534,062 1,446,554
Selling, General and Administrative Expense 762,502 806,946 797,234
Restructuring Charges 14,181 14,134 9,716
Impairments 38,637 78,114 0
Gain on sale of plant (1,139) 0 0
Income from operations 656,188 634,868 639,604
Net interest expense and deferred financing amortization, net 92,229 120,348 88,977
Net Periodic Benefit Cost, Other Than Service Cost & Curtailment (14,897) (9,071) (42,681)
Other expense, net 1,536 4,213 28,893
Earnings before income taxes 577,320 519,378 564,415
Provision for income taxes 148,887 118,496 127,846
Net earnings $ 428,433 $ 400,882 $ 436,569
Net earnings per share:      
Basic (in usd per share) $ 7.97 $ 7.48 $ 8.07
Diluted (in usd per share) $ 7.90 $ 7.41 $ 7.95
Weighted average number of shares      
Basic (in shares) 53,738,000 53,577,000 54,095,000
Dilutive common stock equivalents (in shares) 471,000 509,000 852,000
Diluted (in shares) 54,209,000 54,086,000 54,947,000
Cash and cash equivalents $ 689,533 $ 247,496  
Accounts Receivable, Net, Current 643,355 644,576  
Inventory, Net 841,567 935,867  
Prepaid expenses and other 131,566 112,690  
Prepaid Taxes 24,022 25,230  
Assets, Current 2,330,043 1,965,859  
Property, Plant and Equipment, Net 525,965 510,898  
Goodwill 2,518,222 2,486,310 $ 2,411,834
Other intangibles 1,611,037 1,693,076  
Deferred Income Tax Assets, Net 6,281 7,945  
Assets for Plan Benefits, Defined Benefit Plan 91,207 38,535  
Other assets 200,396 204,069  
Total assets 7,283,151 6,906,692 6,874,866
Long-Term Debt, Current Maturities 43,949 44,822  
Accounts payable 208,908 227,080  
Accrued expenses 576,465 579,192  
Liabilities, Current 829,322 851,094  
Long-term debt 2,351,118 2,380,373  
Deferred Tax and Other Liabilities, Noncurrent 252,062 216,143  
Liability, Defined Benefit Pension Plan, Noncurrent 9,573 12,128  
Other non-current liabilities 202,645 197,065  
Preferred Stock, Value, Issued 0 0  
Common Stock, Value, Issued 148 148  
Paid-in capital 520,177 479,216  
Treasury Stock, Value (940,691) (906,031)  
Retained earnings 4,328,187 3,899,754  
Accumulated other comprehensive loss (269,390) (223,198) (278,472)
Stockholders' Equity Attributable to Parent 3,638,431 3,249,889 $ 2,797,747
Liabilities and Equity 7,283,151 6,906,692  
Allowance for Doubtful Accounts Receivable, Current 24,597 23,464  
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment 377,408 339,528  
Finite-Lived Intangible Assets, Accumulated Amortization $ 633,842 $ 574,079  
Preferred stock, par value (in usd per share) $ 0.01 $ 0.01  
Common stock, par value (in usd per share) $ 0.01 $ 0.01  
Treasury Stock, Common, Shares 10,574,619 10,338,922  
Preferred stock, shares issued 0 0  
Preferred Stock, Shares Authorized 2,000,000 2,000,000  
Common stock, shares issued 64,264,828 63,942,340