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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Apr. 02, 2023
Net sales $ 3,252,749 $ 2,987,614
Cost of sales 1,576,668 1,605,292
Gross profit 1,676,081 1,382,322 Close
Selling, marketing and administrative expense 617,981 581,587 Close
Business realignment costs 0 811 CloseClose
Total Operating Expenses 617981.0 582398.0 0 0 0 Close
Operating profit 1,058,100 799,924 Close
Interest expense, net 39,822 37,685 Close
Total Other Income Expenses 71842.0 40668.0 0.0 0 0 Close
Other (income) expense, net 32,020 2,983 CloseCloseClose
Income before income taxes 986,258 759,256 Close
Provision for income taxes 188,805 172,071 Close
Net income $ 797,453 $ 587,185 Close
Common stock    
Net income per share—basic:    
Net income per share - basic (USD per share) $ 4.00 $ 2.94
Net income per share—diluted:    
Net income per share - diluted (USD per share) 3.89 2.85
Dividends paid per share:    
Dividends paid per share (USD per share) 1.370 1.036
Class B common stock    
Net income per share—basic:    
Net income per share - basic (USD per share) 3.64 2.67
Net income per share—diluted:    
Net income per share - diluted (USD per share) 3.63 2.66
Dividends paid per share:    
Dividends paid per share (USD per share) $ 1.245 $ 0.942