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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 29, 2024
Jul. 01, 2023
Jun. 29, 2024
Jul. 01, 2023
CONSOLIDATED STATEMENTS OF OPERATIONS        
Sales $ 6,892,868 $ 8,514,516 $ 13,817,128 $ 17,250,944
Cost of sales 6,046,424 7,448,467 12,112,858 15,071,073
Gross profit 846,444 1,066,049 1,704,270 2,179,871
Operating expenses:        
Selling, general, and administrative 552,595 617,202 1,135,921 1,259,633
Depreciation and amortization 41,037 46,264 82,764 92,943
Restructuring, integration, and other 40,537 10,333 87,393 12,893
Total operating expenses 634,169 673,799 1,306,078 1,365,469
Operating income 212,275 392,250 398,192 814,402
Equity in earnings of affiliated companies 1,254 3,061 910 2,981
(Loss) gain on investments, net (4,615) 497 (4,517) 10,808
Loss on extinguishment of debt (1,657) 0 (1,657) 0
Employee benefit plan expense, net (980) (803) (1,913) (1,656)
Interest and other financing expense, net (66,891) (84,834) (146,495) (164,492)
Income before income taxes 139,386 310,171 244,520 662,043
Provision for income taxes 29,762 72,380 51,798 148,927
Consolidated net income 109,624 237,791 192,722 513,116
Noncontrolling interests 926 1,232 423 2,807
Net income attributable to shareholders $ 108,698 $ 236,559 $ 192,299 $ 510,309
Net income per share:        
Basic (in dollars per share) $ 2.03 $ 4.17 $ 3.56 $ 8.84
Diluted (in dollars per share) $ 2.01 $ 4.12 $ 3.53 $ 8.74
Weighted-average shares outstanding:        
Basic (in shares) 53,640 56,720 53,944 57,726
Diluted (in shares) 54,181 57,355 54,496 58,409