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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Oct. 01, 2022
Sep. 30, 2023
Oct. 01, 2022
CONSOLIDATED STATEMENTS OF OPERATIONS        
Sales $ 8,007,019 $ 9,266,432 $ 25,257,963 $ 27,801,399
Cost of sales 7,027,422 8,079,520 22,098,495 24,170,769
Gross profit 979,597 1,186,912 3,159,468 3,630,630
Operating expenses:        
Selling, general, and administrative expenses 563,150 634,353 1,822,783 1,931,918
Depreciation and amortization 45,005 46,230 137,948 141,787
Restructuring, integration, and other charges (Note K) 31,359 3,635 44,252 11,027
Total operating expenses 639,514 684,218 2,004,983 2,084,732
Operating income 340,083 502,694 1,154,485 1,545,898
Equity in earnings of affiliated companies 1,392 1,718 4,373 4,726
(Loss) gain on investments, net (6,159) (3,480) 4,649 (11,213)
Employee benefit plan expense, net (854) (890) (2,510) (2,614)
Interest and other financing expense, net (82,180) (50,936) (246,672) (123,427)
Income before income taxes 252,282 449,106 914,325 1,413,370
Provision for income taxes 52,241 105,500 201,168 332,273
Consolidated net income 200,041 343,606 713,157 1,081,097
Noncontrolling interests 1,382 1,207 4,189 3,615
Net income attributable to shareholders $ 198,659 $ 342,399 $ 708,968 $ 1,077,482
Net income per share:        
Basic (in dollars per share) $ 3.57 $ 5.33 $ 12.43 $ 16.31
Diluted (in dollars per share) $ 3.53 $ 5.27 $ 12.28 $ 16.12
Weighted-average shares outstanding:        
Basic (in shares) 55,597 64,228 57,021 66,055
Diluted (in shares) 56,298 64,979 57,715 66,845