v3.23.3
DERIVATIVE INSTRUMENTS - SCHEDULE OF THE EFFECT OF DERIVATIVE INSTRUMENTS ON THE CONSOLIDATED STATEMENTS OF INCOME (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Oct. 01, 2023
Oct. 02, 2022
Oct. 01, 2023
Oct. 02, 2022
Derivative [Line Items]        
Gains (losses) recognized in income $ 15,417 $ (15,181) $ 2,187 $ 21,712
Gains (losses) recognized in other comprehensive income (“OCI”) 2,945 891 (538) 245
Commodities futures and options        
Derivative [Line Items]        
Gains (losses) recognized in income 17,103 (14,044) 52 28,027
Foreign exchange contracts        
Derivative [Line Items]        
Gains (losses) recognized in income (583) (39) 359 (173)
Interest rate swap agreements        
Derivative [Line Items]        
Gains (losses) recognized in income 0 0 0 0
Deferred compensation derivatives        
Derivative [Line Items]        
Gains (losses) recognized in income (1,103) (1,098) 1,776 (6,142)
Designated as Hedging Instrument | Cash Flow Hedges        
Derivative [Line Items]        
Gains (losses) recognized in other comprehensive income (“OCI”) 2,945 891 (538) 245
Gains (losses) reclassified from accumulated OCI (“AOCI”) into income (b) (4,198) (2,258) (13,451) (9,143)
Designated as Hedging Instrument | Cash Flow Hedges | Commodities futures and options        
Derivative [Line Items]        
Gains (losses) recognized in other comprehensive income (“OCI”) 0 0 0 0
Gains (losses) reclassified from accumulated OCI (“AOCI”) into income (b) 0 0 0 0
Designated as Hedging Instrument | Cash Flow Hedges | Foreign exchange contracts        
Derivative [Line Items]        
Gains (losses) recognized in other comprehensive income (“OCI”) 2,945 891 (3,711) 245
Gains (losses) reclassified from accumulated OCI (“AOCI”) into income (b) (1,924) 421 (196) (956)
Designated as Hedging Instrument | Cash Flow Hedges | Interest rate swap agreements        
Derivative [Line Items]        
Gains (losses) recognized in other comprehensive income (“OCI”) 0 0 3,173 0
Gains (losses) reclassified from accumulated OCI (“AOCI”) into income (b) (2,274) (2,679) (13,255) (8,187)
Designated as Hedging Instrument | Cash Flow Hedges | Deferred compensation derivatives        
Derivative [Line Items]        
Gains (losses) recognized in other comprehensive income (“OCI”) 0 0 0 0
Gains (losses) reclassified from accumulated OCI (“AOCI”) into income (b) $ 0 $ 0 $ 0 $ 0