XML 101 R90.htm IDEA: XBRL DOCUMENT v3.20.2
EARNINGS PER SHARE - SCHEDULE OF BASIC AND DILUTED EARNINGS PER SHARE (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 28, 2020
Jun. 30, 2019
Jun. 28, 2020
Jun. 30, 2019
Common stock        
Basic earnings per share:        
Allocation of distributed earnings (cash dividends paid) $ 113,925 $ 109,258 $ 229,177 $ 215,958
Allocation of undistributed earnings 81,891 119,616 164,541 234,836
Total earnings—basic $ 195,816 $ 228,874 $ 393,718 $ 450,794
Total weighted-average shares—basic (shares) 147,635 149,025 147,954 148,864
Earnings Per Share—basic (USD per share) $ 1.33 $ 1.54 $ 2.66 $ 3.03
Diluted earnings per share:        
Allocation of total earnings used in basic computation $ 195,816 $ 228,874 $ 393,718 $ 450,794
Reallocation of total earnings as a result of conversion of Class B common stock to Common stock 73,085 83,966 146,320 166,404
Reallocation of undistributed earnings 0 0 0 0
Total earnings—diluted $ 268,901 $ 312,840 $ 540,038 $ 617,198
Conversion of Class B common stock to Common shares outstanding 60,614 60,614 60,614 60,614
Total weighted-average shares—diluted (shares) 209,070 210,817 209,596 210,568
Earnings Per Share—diluted (USD per share) $ 1.29 $ 1.48 $ 2.58 $ 2.93
Common stock | Employee stock options        
Diluted earnings per share:        
Incremental common shares attributable to dilutive effect of share-based payment arrangements 521 817 620 699
Common stock | Performance and restricted stock units        
Diluted earnings per share:        
Incremental common shares attributable to dilutive effect of share-based payment arrangements 300 361 408 391
Class B common stock        
Basic earnings per share:        
Allocation of distributed earnings (cash dividends paid) $ 42,551 $ 39,762 $ 85,102 $ 79,525
Allocation of undistributed earnings 30,534 44,204 61,218 86,879
Total earnings—basic $ 73,085 $ 83,966 $ 146,320 $ 166,404
Total weighted-average shares—basic (shares) 60,614 60,614 60,614 60,614
Earnings Per Share—basic (USD per share) $ 1.21 $ 1.39 $ 2.41 $ 2.75
Diluted earnings per share:        
Allocation of total earnings used in basic computation $ 73,085 $ 83,966 $ 146,320 $ 166,404
Reallocation of total earnings as a result of conversion of Class B common stock to Common stock 0 0 0 0
Reallocation of undistributed earnings (123) (254) (309) (462)
Total earnings—diluted $ 72,962 $ 83,712 $ 146,011 $ 165,942
Conversion of Class B common stock to Common shares outstanding 0 0 0 0
Total weighted-average shares—diluted (shares) 60,614 60,614 60,614 60,614
Earnings Per Share—diluted (USD per share) $ 1.20 $ 1.38 $ 2.41 $ 2.74
Class B common stock | Employee stock options        
Diluted earnings per share:        
Incremental common shares attributable to dilutive effect of share-based payment arrangements 0 0 0 0
Class B common stock | Performance and restricted stock units        
Diluted earnings per share:        
Incremental common shares attributable to dilutive effect of share-based payment arrangements 0 0 0 0