SEGMENT REPORTING (Tables)

9 Months Ended

Sep. 29, 2019

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

	September 29, 2019		December 30, 2018
Long-Lived Assets(a)	(In thousands)
U.S.	$	1,582,318	$	1,506,217
U.K. and Europe	345,412		359,621
Mexico	283,394		295,864
Total assets	$	2,211,124	$	2,161,702

(a)

For this disclosure, we exclude financial instruments, deferred tax assets, operating lease assets and intangible assets in accordance with Accounting Standards Codification (“ASC”) 280-10-50-41, Segment Reporting. Long-lived assets, as used in ASC 280-10-50-41, implies hard assets that cannot be readily removed.

Information on segments and a reconciliation to income before income taxes are as follows:

	Thirteen Weeks Ended				Thirty-Nine Weeks Ended
	September 29, 2019		September 30, 2018		September 29, 2019		September 30, 2018
Net Sales	(In thousands)
U.S.	$	1,931,657	$	1,864,169	$	5,732,201	$	5,604,709
U.K. and Europe	517,531		526,722		1,568,396		1,634,125
Mexico	328,782		306,713		1,045,133		1,042,161
Total net sales	$	2,777,970	$	2,697,604	$	8,345,730	$	8,280,995

	Thirteen Weeks Ended						Thirty-Nine Weeks Ended
	September 29, 2019			September 30, 2018			September 29, 2019			September 30, 2018
Operating Income	(In thousands)
U.S.	$	125,169		$	74,206		$	426,968		$	300,960
U.K. and Europe	25,325			23,470			62,233			68,545
Mexico	37,667			(12,355		)	115,503			102,512
Elimination	24			25			72			34
Total operating income	188,185			85,346			604,776			472,051
Interest expense, net of capitalized interest	32,028			35,334			99,184			125,901
Interest income	(4,698		)	(4,241		)	(11,481		)	(10,665		)
Foreign currency transaction losses (gains)	3,027			(6,711		)	7,923			(2,802		)
Miscellaneous, net	1,367			653			2,521			(1,781		)
Income before income taxes	$	156,461		$	60,311		$	506,629		$	361,398