The Hershey Company
(NYSE:HSY)

The Hershey Company, together with its subsidiaries, manufactures and sells confectionery products and pantry items. The company operates in two segments, North America; and International and Other. It offers chocolate and non-chocolate confectionery products; gum and mint refreshment products compr...

Website: http://www.thehersheycompany.com

Founded: 1894

Full Time Employees: 16,620 (Dec 2021)

Sector: Consumer Defensive

Industry: Confectioners

Chocolate Food Manufacturing

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Quarterly

Annual

Unit: USD	2026-03-29	2025-12-31	2025-09-28	2025-06-29	2025-03-30	2024-12-31	2024-09-29	2024-06-30	2024-03-31	2023-12-31	2023-10-01	2023-07-02	2023-04-02	2022-12-31	2022-10-02	2022-07-03	2022-04-03	2021-12-31	2021-10-03	2021-07-04	2021-04-04	2020-12-31	2020-09-27	2020-06-28	2020-03-29	2019-12-31	2019-09-29	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-07-01	2018-04-01	2017-12-31	2017-10-01	2017-07-02	2017-04-02	2016-12-31	2016-10-02	2016-07-03	2016-04-03	2015-12-31	2015-10-04	2015-07-05	2015-04-05	2014-12-31	2014-09-28	2014-06-29	2014-03-30	2013-12-31	2013-09-29	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-07-01	2012-04-01	2011-12-31	2011-10-02	2011-07-03	2011-04-03	2010-12-31	2010-10-03	2010-07-04	2010-04-04	2009-12-31	2009-10-04	2009-07-05	2009-04-05	2008-12-31

net sales	3,104,167,000	3,091,021,000	3,181,418,000	2,614,718,000	2,805,419,000	2,887,540,000	2,987,494,000	2,074,480,000	3,252,749,000	2,657,111,000	3,029,987,000	2,490,280,000	2,987,614,000	2,652,338,000	2,728,153,000	2,372,582,000	2,666,221,000	2,326,128,000	2,359,839,000	1,989,422,000	2,295,948,000	2,185,244,000	2,219,829,000	1,707,329,000	2,037,317,000	2,068,125,000	2,134,422,000	1,767,217,000	2,016,488,000	1,987,902,000	2,079,593,000	1,751,615,000	1,971,959,000	1,939,636,000	2,033,121,000	1,662,991,000	1,879,678,000	1,970,244,000	2,003,454,000	1,637,671,000	1,828,812,000	1,909,222,000	1,960,779,000	1,578,825,000	1,937,800,000	2,010,027,000	1,961,578,000	1,578,350,000	1,871,813,000	-5,182,679,921	1,853,886,000	1,508,514,000	1,827,426,000	-4,886,572,748	1,746,709,000	1,414,444,000	1,732,064,000	-4,507,562,212	1,624,249,000	1,325,171,000	1,564,223,000	-4,182,528,991	1,547,115,000	1,233,242,000	1,407,843,000	-3,886,033,332	1,484,118,000	1,171,183,000	1,236,031,000
yoy	10.65%	7.05%	6.49%	26.04%	-13.75%	8.67%	-1.40%	-16.70%	8.87%	0.18%	11.06%	4.96%	12.05%	14.02%	15.61%	19.26%	16.13%	6.45%	6.31%	16.52%	12.69%	5.66%	4.00%	-3.39%	1.03%	4.04%	2.64%	0.89%	2.26%	2.49%	2.29%	5.33%	4.91%	-1.55%	1.48%	1.55%	2.78%	3.20%	2.18%	3.73%	-5.62%	-5.02%	-0.04%	0.03%	3.53%	-138.78%	5.81%	4.63%	2.43%	6.06%	6.14%	6.65%	5.51%	8.41%	7.54%	6.74%	10.73%	7.77%	4.99%	7.45%	11.11%	7.63%	4.24%	5.30%	13.90%
qoq	0.43%	-2.84%	21.67%	-6.80%	-2.84%	-3.35%	44.01%	-36.22%	22.42%	-12.31%	21.67%	-16.65%	12.64%	-2.78%	14.99%	-11.01%	14.62%	-1.43%	18.62%	-13.35%	5.07%	-1.56%	30.02%	-16.20%	-1.49%	-3.11%	20.78%	-12.36%	1.44%	-4.41%	18.72%	-11.17%	1.67%	-4.60%	22.26%	-11.53%	-4.60%	-1.66%	22.34%	-10.45%	-4.21%	-2.63%	24.19%	-18.52%	-3.59%	2.47%	24.28%	-15.68%	-136.12%	-379.56%	22.89%	-17.45%	-137.40%	-379.76%	23.49%	-18.34%	-138.43%	-377.52%	22.57%	-15.28%	-137.40%	-370.34%	25.45%	-12.40%	-136.23%	-361.84%	26.72%	-5.25%
cost of sales	1,881,436,000	1,946,204,000	2,144,084,000	1,818,445,000	1,861,152,000	1,329,197,000	1,754,775,000	1,240,735,000	1,576,668,000	1,533,969,000	1,669,734,000	1,358,181,000	1,605,292,000	1,507,532,000	1,619,653,000	1,372,583,000	1,420,741,000	1,313,261,000	1,298,504,000	1,063,977,000	1,246,997,000	1,223,173,000	1,139,805,000	914,777,000	1,170,695,000	1,156,213,000	1,191,104,000	892,473,000	1,123,984,000	1,043,550,000	1,216,100,000	958,195,000	997,899,000	1,105,109,000	1,092,899,000	899,781,000	973,118,000	1,227,975,000	1,152,606,000	890,273,000	1,011,436,000	1,054,862,000	1,068,715,000	843,417,000	1,036,957,000	1,122,962,000	1,101,441,000	860,876,000	1,000,323,000	-2,762,498,769	998,335,000	789,940,000	978,089,000	-2,784,758,630	1,003,952,000	795,923,000	988,668,000	-2,609,408,104	944,068,000	760,851,000	908,038,000	-2,389,206,199	891,895,000	686,704,000	813,863,000	-2,405,470,469	895,020,000	717,893,000	795,803,000
gross profit	1,222,731,000	1,144,817,000	1,037,334,000	796,273,000	944,267,000	1,558,343,000	1,232,719,000	833,745,000	1,676,081,000	1,123,142,000	1,360,253,000	1,132,099,000	1,382,322,000	1,144,806,000	1,108,500,000	999,999,000	1,245,480,000	1,012,867,000	1,061,335,000	925,445,000	1,048,951,000	962,071,000	1,080,024,000	792,552,000	866,622,000	911,912,000	943,318,000	874,744,000	892,504,000	944,352,000	863,493,000	793,420,000	974,060,000	834,527,000	940,222,000	763,210,000	906,560,000
yoy	29.49%	-26.54%	-15.85%	-4.49%	-43.66%	38.75%	-9.38%	-26.35%	21.25%	-1.89%	22.71%	13.21%	10.99%	13.03%	4.44%	8.06%	18.74%	5.28%	-1.73%	16.77%	21.04%	5.50%	14.49%	-9.40%	-2.90%	-3.44%	9.24%	10.25%	-8.37%	13.16%	-8.16%	3.96%	7.45%
qoq	6.81%	10.36%	30.27%	-15.67%	-39.41%	26.42%	47.85%	-50.26%	49.23%	-17.43%	20.15%	-18.10%	20.75%	3.28%	10.85%	-19.71%	22.97%	-4.57%	14.68%	-11.77%	9.03%	-10.92%	36.27%	-8.55%	-4.97%	-3.33%	7.84%	-1.99%	-5.49%	9.36%	8.83%	-18.55%	16.72%	-11.24%	23.19%	-15.81%
gross margin %	39.39%	37.04%	32.61%	30.45%	33.66%	53.97%	41.26%	40.19%	51.53%	42.27%	44.89%	45.46%	46.27%	43.16%	40.63%	42.15%	46.71%	43.54%	44.97%	46.52%	45.69%	44.03%	48.65%	46.42%	42.54%	44.09%	44.20%	49.50%	44.26%	47.50%	41.52%	45.30%	49.40%	43.02%	46.25%	45.89%	48.23%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
selling, marketing and administrative expense	576,040,000	698,150,000	600,540,000	603,207,000	558,672,000	622,733,000	591,920,000	540,987,000	617,981,000	658,813,000	624,304,000	571,804,000	581,587,000	616,445,000	551,880,000	543,468,000	524,216,000	552,918,000	486,139,000	467,629,000	494,665,000	537,978,000	468,614,000	408,949,000	475,384,000	517,200,000	481,363,000	453,793,000	453,573,000	486,036,000	453,921,000	449,548,000	485,324,000	508,433,000	497,182,000	445,888,000	461,900,000
business realignment costs	5,998,000	1,754,000	2,211,000	255,000	16,374,000	-3,537,000	27,635,000	4,937,000					811,000	1,715,000			274,000	777,000	365,000	1,141,000	1,242,000	18,978,000			895,000	770,000	1,140,000	6,140,000	62,000	8,239,000	1,660,000	980,000	8,224,000	-2,255,000	4,020,000	1,981,000	44,017,000
operating profit	640,693,000	444,913,000	434,583,000	192,811,000	369,221,000	939,147,000	613,164,000	287,821,000	1,058,100,000	464,329,000	735,949,000	560,665,000	799,924,000	526,646,000	556,620,000	456,531,000	720,990,000	459,172,000	574,831,000	456,675,000	553,044,000	405,115,000	611,410,000	383,373,000	382,800,000	286,198,000	460,815,000	410,070,000	438,869,000	421,165,000	406,263,000	315,724,000	480,512,000	328,349,000	439,020,000	315,341,000	191,931,000	229,488,000	374,024,000	262,762,000	339,509,000	343,079,000	303,014,000	7,500,000
yoy	73.53%	-52.63%	-29.12%	-33.01%	-65.11%	102.26%	-16.68%	-48.66%	32.28%	-11.83%	32.22%	22.81%	10.95%	14.69%	-3.17%	-0.03%	30.37%	13.34%	-5.98%	19.12%	44.47%	41.55%	32.68%	-6.51%	-12.78%	-32.05%	13.43%	29.88%	-8.67%	28.27%	-7.46%	0.12%	150.36%	43.08%	17.38%	20.01%	-43.47%	-33.11%	23.43%	3403.49%
qoq	44.00%	2.38%	125.39%	-47.78%	-60.69%	53.16%	113.04%	-72.80%	127.88%	-36.91%	31.26%	-29.91%	51.89%	-5.39%	21.92%	-36.68%	57.02%	-20.12%	25.87%	-17.43%	36.52%	-33.74%	59.48%	0.15%	33.75%	-37.89%	12.37%	-6.56%	4.20%	3.67%	28.68%	-34.29%	46.34%	-25.21%	39.22%	64.30%	-16.37%	-38.64%	42.34%	-22.61%	-1.04%	13.22%	3940.19%
operating margin %	20.64%	14.39%	13.66%	7.37%	13.16%	32.52%	20.52%	13.87%	32.53%	17.47%	24.29%	22.51%	26.77%	19.86%	20.40%	19.24%	27.04%	19.74%	24.36%	22.96%	24.09%	18.54%	27.54%	22.45%	18.79%	13.84%	21.59%	23.20%	21.76%	21.19%	19.54%	18.02%	24.37%	16.93%	21.59%	18.96%	10.21%	11.65%	18.67%	16.04%	18.56%	17.97%	15.45%	0.48%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
interest expense	49,818,000	48,075,000	51,474,000	46,035,000	44,622,000	40,144,000	44,316,000	41,373,000	39,822,000	37,684,000	39,755,000	36,661,000	37,685,000	35,587,000	35,378,000	33,413,000	33,179,000	29,762,000	30,154,000	31,065,000	36,436,000	37,782,000	37,258,000	38,079,000	36,255,000	37,435,000	35,456,000	33,776,000	37,458,000	37,630,000	36,916,000	34,952,000	29,339,000	25,826,000	24,589,000	24,126,000	23,741,000	23,413,000	24,387,000	21,338,000	21,005,000	20,727,000	46,967,000	18,877,000	19,202,000	20,740,000	20,773,000	20,734,000	21,285,000	-66,397,644	21,759,000	21,094,000	23,633,000	-72,807,431	24,535,000	24,344,000	24,024,000	-70,776,817	23,041,000	23,351,000	24,477,000	-68,691,566	22,259,000	22,780,000	23,749,000	-68,841,541	22,302,000	22,734,000	23,896,000
other expense	-1,820,000	27,306,000	11,199,000	-2,336,000	945,000	175,946,000	50,101,000	574,000	32,020,000	106,970,000	42,781,000	84,484,000	2,983,000	127,937,000	48,157,000	19,658,000	10,407,000	86,469,000	23,004,000	7,194,000	2,414,000	103,933,000	11,644,000	11,217,000	11,533,000	34,442,000	17,999,000	13,125,000	5,477,000	39,565,000	12,493,000	20,766,000	1,942,000	42,134,000	13,630,000	10,098,000	-171,000	7,456,000	21,800,000	8,128,000	-21,225,000	25,811,000	9,409,000	4,759,000
income before income taxes	592,695,000	369,532,000	371,910,000	149,112,000	323,654,000	723,057,000	518,747,000	245,874,000	986,258,000	319,675,000	653,413,000	439,520,000	759,256,000	363,122,000	473,085,000	403,460,000	677,404,000	342,941,000	521,673,000	418,416,000	514,194,000	263,400,000	562,508,000	334,077,000	335,012,000	214,321,000	407,360,000	363,169,000	395,934,000	343,970,000	356,854,000	260,006,000	449,231,000	260,389,000	400,801,000	281,117,000	168,361,000	198,619,000	327,837,000	233,296,000	339,729,000	296,541,000	246,638,000	-16,136,000	374,804,000	321,569,000	345,423,000	256,730,000	382,321,000	-963,632,681	348,877,000	247,823,000	368,184,000	-784,612,421	277,195,000	197,927,000	310,506,000	-754,187,155	298,075,000	205,003,000	252,072,000	-607,809,136	277,389,000	101,644,000	229,585,000	-479,630,869	257,322,000	93,942,000	129,038,000
provision for income taxes	157,590,000	49,515,000	95,590,000	86,393,000	99,451,000	-73,534,000	72,446,000	64,980,000	188,805,000	-29,367,000	134,836,000	32,537,000	172,071,000	-33,174,000	73,598,000	87,904,000	143,926,000	3,150,000	76,746,000	117,186,000	117,323,000	-27,930,000	115,250,000	66,035,000	66,229,000	9,903,000	82,178,000	49,898,000	92,053,000	12,370,000	91,441,000	36,687,000	98,512,000	78,840,000	126,788,000	78,390,000	70,113,000	81,766,000	100,434,000	87,340,000	109,897,000	83,157,000	91,867,000	83,805,000	130,067,000	119,061,000	121,682,000	88,562,000	129,826,000	-330,058,151	115,892,000	88,319,000	126,278,000	-274,221,352	100,479,000	62,242,000	111,855,000	-267,987,117	101,380,000	74,984,000	91,957,000	-234,032,935	97,220,000	54,921,000	82,191,000	-170,851,863	95,299,000	22,644,000	53,144,000
net income	435,105,000	320,017,000	276,320,000	62,719,000	224,203,000	796,591,000	446,301,000	180,894,000	797,453,000	349,042,000	518,577,000	406,983,000	587,185,000	396,296,000	399,487,000	315,556,000	533,478,000	335,556,000	444,927,000	301,230,000	395,799,000	291,387,000	447,283,000	268,901,000	271,137,000	207,187,000	325,307,000	312,840,000	304,358,000	336,791,000	263,713,000	226,855,000	350,203,000	181,133,000	273,303,000	203,501,000	125,044,000	116,853,000	227,403,000	145,956,000	229,832,000	213,384,000	154,771,000	-99,941,000	244,737,000	202,508,000	223,741,000	168,168,000	252,495,000	-633,574,530	232,985,000	159,504,000	241,906,000	-510,391,069	176,716,000	135,685,000	198,651,000	-486,200,038	196,695,000	130,019,000	160,115,000	-373,776,201	180,169,000	46,723,000	147,394,000	-308,779,006	162,023,000	71,298,000	75,894,000
yoy	94.07%	-59.83%	-38.09%	-65.33%	-71.89%	128.22%	-13.94%	-55.55%	35.81%	-11.92%	29.81%	28.97%	10.07%	18.10%	-10.21%	4.76%	34.79%	15.16%	-0.53%	12.02%	45.98%	40.64%	37.50%	-14.05%	-10.92%	-38.48%	23.36%	37.90%	-13.09%	85.94%	-3.51%	11.48%	180.06%	55.01%	20.18%	39.43%	-45.59%	-45.24%	46.93%	-246.04%	-6.09%	5.37%	-30.83%	-159.43%	-3.07%	-131.96%	-3.97%	5.43%	4.38%	24.14%	31.84%	17.55%	21.77%	4.98%	-10.16%	4.36%	24.07%	30.08%	9.17%	178.28%	8.63%	21.05%	11.20%	-34.47%	94.21%
qoq	35.96%	15.81%	340.57%	-72.03%	-71.85%	78.49%	146.72%	-77.32%	128.47%	-32.69%	27.42%	-30.69%	48.17%	-0.80%	26.60%	-40.85%	58.98%	-24.58%	47.70%	-23.89%	35.83%	-34.85%	66.34%	-0.82%	30.87%	-36.31%	3.99%	2.79%	-9.63%	27.71%	16.25%	-35.22%	93.34%	-33.72%	34.30%	62.74%	7.01%	-48.61%	55.80%	-36.49%	7.71%	37.87%	-254.86%	-140.84%	20.85%	-9.49%	33.05%	-33.40%	-139.85%	-371.94%	46.07%	-34.06%	-147.40%	-388.82%	30.24%	-31.70%	-140.86%	-347.18%	51.28%	-18.80%	-142.84%	-307.46%	285.61%	-68.30%	-147.73%	-290.58%	127.25%	-6.06%
net income margin %	14.02%	10.35%	8.69%	2.40%	7.99%	27.59%	14.94%	8.72%	24.52%	13.14%	17.11%	16.34%	19.65%	14.94%	14.64%	13.30%	20.01%	14.43%	18.85%	15.14%	17.24%	13.33%	20.15%	15.75%	13.31%	10.02%	15.24%	17.70%	15.09%	16.94%	12.68%	12.95%	17.76%	9.34%	13.44%	12.24%	6.65%	5.93%	11.35%	8.91%	12.57%	11.18%	7.89%	-6.33%	12.63%	10.07%	11.41%	10.65%	13.49%	12.22%	12.57%	10.57%	13.24%	10.44%	10.12%	9.59%	11.47%	10.79%	12.11%	9.81%	10.24%	8.94%	11.65%	3.79%	10.47%	7.95%	10.92%	6.09%	6.14%
net income per share
common stock	2.19	1.61	1.4	0.32	1.14	4.03	2.26	0.92	4	1.75	2.6	2.03	2.94	1.99	2	1.57	2.66	1.67	2.22	1.5	1.96	1.43	2.21	1.33	1.33	1.02	1.59	1.54	1.49	1.65	1.29	1.11	1.71	0.88	1.32	0.98	0.6	0.57	1.09	0.7	1.09	1	0.73	-0.47	1.14	2.405	0.535	0.485	0.485	0.485	0.485	0.42	0.42	0.42	0.38	0.38	0.38	0.345	0.345	0.345	0.345	0.32	0.32	0.32	0.32	0.298	0.298	0.298	0.298
class b common stock	1.99	1.47	1.27	0.29	1.03	3.67	2.05	0.83	3.64	1.59	2.36	1.88	2.67	1.8	1.82	1.44	2.42	1.52	2.01	1.36	1.78	1.3	2	1.21	1.21	0.93	1.45	1.39	1.36	1.5	1.17	1.01	1.55	0.8	1.2	0.89	0.55	0.52	0.99	0.64	0.99	0.92	0.66	-0.42	1.04	2.184	0.486	0.435	0.435	0.435	0.435	0.38	0.38	0.38	0.344	0.344	0.344	0.313	0.313	0.313	0.313	0.29	0.29	0.29	0.29	0.268	0.268	0.268	0.268
dividends paid per share:
business realignment (benefits) costs												-370,000												-1,370,000
net income including noncontrolling interest														396,296,000	399,487,000	315,556,000	533,478,000	339,791,000	444,927,000	301,230,000	396,871,000	291,330,000	447,258,000	268,042,000	268,783,000	204,418,000	325,182,000	313,271,000	303,881,000	331,600,000	265,413,000	223,319,000	350,719,000	181,549,000	274,013,000	202,727,000	98,248,000
less: net gain attributable to noncontrolling interest																		4,235,000			1,072,000
long-lived asset impairment charges																						2,285,750		1,600,000	7,543,000	1,185,250		4,741,000		7,204,250	1,649,000	27,168,000					208,712,000
less: net loss attributable to noncontrolling interest																						-57,000	-25,000		-2,354,000							-3,536,000				-774,000	-26,796,000
less: net income attributable to noncontrolling interest																								-859,000		-42,750	-125,000	431,000	-477,000	-330,000	1,700,000		516,000	-6,715,000	710,000
costs and expenses:
selling, marketing and administrative																																						352,189,750	474,494,000	462,531,000	471,734,000	499,447,000	500,306,000	455,545,000	504,170,000	519,679,000	477,569,000	438,763,000	464,959,000	-1,376,802,492	481,986,000							-1,079,116,250	356,878,000	345,918,000	377,798,000	-1,033,823,523	357,624,000	336,980,000	340,646,000	-873,423,328	301,466,000	298,710,000	274,456,000
goodwill impairment																																										70,200,500	30,991,000	249,811,000
business realignment charges																																						7,642,000	2,330,000	22,105,000	6,133,000	11,834,000	57,753,000	22,552,000	2,667,000			1,247,000
total costs and expenses																																						1,123,410,500	1,629,430,000	1,374,909,000	1,489,303,000	1,566,143,000	1,657,765,000	1,571,325,000	1,543,794,000	1,667,718,000	1,595,382,000	1,300,886,000	1,468,207,000	-4,152,649,596	1,483,250,000	1,239,597,000	1,435,609,000	-4,029,152,896	1,444,979,000	1,192,173,000	1,397,534,000	-3,682,598,240	1,303,133,000	1,096,817,000	1,287,674,000	-3,506,028,289	1,247,467,000	1,108,818,000	1,154,509,000	-3,337,560,922	1,204,494,000	1,054,507,000	1,083,097,000
income before interest and income taxes																																													394,006,000	342,309,000	366,196,000	277,464,000	403,606,000	-1,030,030,325	370,636,000	268,917,000	391,817,000	-857,419,852	301,730,000	222,271,000	334,530,000	-824,963,972	321,116,000	228,354,000	276,549,000	-676,500,702	299,648,000	124,424,000	253,334,000	-548,472,410	279,624,000	116,676,000	152,934,000
business realignment and impairment charges																																														25,077,000	16,372,000		2,925,000	3,341,750	2,929,000	3,587,000	6,851,000		20,055,000		3,304,000				1,838,000	-82,998,567		85,134,000		-58,667,125	8,008,000	37,904,000	12,838,000
earnings per share:
basic - common stock																																														0.743	1.03	0.78
diluted - common stock																																														0.715	1	0.75
basic - class b common stock																																														0.67	0.94	0.7
diluted - class b common stock																																														0.668	0.94	0.7
cash dividends paid per share:
earnings per share - basic - class b common stock																																																	1.04	0.658	0.96	0.66	1	0.528	0.73	0.56	0.82	0.5	0.81	0.53	0.65	0.383	0.74	0.19	0.6	0.315	0.66	0.29	0.31
earnings per share - diluted - class b common stock																																																	1.03	0.653	0.95	0.66	0.99	0.523	0.73	0.55	0.81	0.495	0.8	0.53	0.65	0.38	0.73	0.19	0.6	0.315	0.65	0.29	0.31
earnings per share - basic - common stock																																																	1.16	0.728	1.07	0.73	1.11	0.583	0.8	0.62	0.91	0.55	0.89	0.59	0.72	0.42	0.81	0.21	0.66	0.348	0.73	0.32	0.34
earnings per share - diluted - common stock																																																	1.11	0.698	1.03	0.7	1.06	0.558	0.77	0.59	0.87	0.53	0.86	0.56	0.7	0.408	0.78	0.2	0.64	0.338	0.71	0.31	0.33
average shares outstanding - basic - common stock																																																	163,593	40,870.75	163,364	163,295	163,776	41,191.5	164,686	165,021	164,603	41,555.75	165,917	166,302	166,452	41,757.5	166,900	166,882	167,257	41,745	167,299	166,846	166,767
average shares outstanding - basic - class b common stock																																																	60,620	15,157.25	60,629	60,629	60,629	15,157.5	60,630	60,630	60,631	15,162.25	60,632	60,632	60,682	15,177	60,708	60,708	60,709	15,177.5	60,709	60,710	60,711
average shares outstanding - diluted																																																	227,046	56,787.25	226,887	226,840	227,706	57,175.25	228,608	228,853	228,655	57,528.5	229,849	230,301	230,194	57,534.5	230,491	230,324	229,551	57,196	229,553	228,489	228,284
selling. marketing and administrative																																																				446,070,000	450,669,000	304,484,750	420,972,000	391,405,000	405,562,000
business realignment and impairment charges (credits)																																																						-28,159,062		4,845,000			2,187,000
business realignment and impairment (credits) charges																																																										5,926,114		-9,952,000			-2,052,000

Balance Sheets:

Quarterly

Annual

Unit: USD	2026-03-29	2025-12-31	2025-09-28	2025-06-29	2025-03-30	2024-12-31	2024-09-29	2024-06-30	2024-03-31	2023-12-31	2023-10-01	2023-07-02	2023-04-02	2022-12-31	2022-10-02	2022-07-03	2022-04-03	2021-12-31	2021-10-03	2021-07-04	2021-04-04	2020-12-31	2020-09-27	2020-06-28	2020-03-29	2019-12-31	2019-09-29	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-07-01	2018-04-01	2017-12-31	2017-10-01	2017-07-02	2017-04-02	2016-12-31	2016-10-02	2016-07-03	2016-04-03	2015-12-31	2015-10-04	2015-07-05	2015-04-05	2014-12-31	2014-09-28	2014-06-29	2014-03-30	2013-12-31	2013-09-29	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-07-01	2012-04-01	2011-12-31	2011-10-02	2011-07-03	2011-04-03	2010-12-31	2010-10-03	2010-07-04	2010-04-04	2009-12-31	2009-10-04	2009-07-05	2009-04-05	2008-12-31

assets
current assets:
cash and cash equivalents	876,976,000	925,859,000	1,163,017,000	912,345,000	1,515,252,000	730,746,000	614,951,000	467,058,000	520,404,000	401,902,000	471,252,000	446,161,000	460,346,000	463,889,000	327,741,000	339,722,000	338,055,000	329,266,000	675,516,000	426,201,000	1,132,242,000	1,143,987,000	1,205,889,000	1,165,331,000	1,094,796,000	493,262,000	302,636,000	365,963,000	465,965,000	587,998,000	823,787,000	467,352,000	476,434,000	380,179,000	275,056,000	214,062,000	235,031,000	296,967,000	333,333,000	250,185,000	285,958,000	346,529,000	343,913,000	302,659,000	305,690,000	374,854,000	477,088,000	562,601,000	1,006,096,000	1,118,508,000	701,328,000	568,360,000	730,096,000	728,272,000	466,235,000	589,782,000	567,339,000	693,686,000	292,339,000	790,297,000	752,266,000	884,642,000	244,947,000	249,070,000	303,786,000	253,605,000	119,253,000	28,768,000	70,936,000	37,103,000
accounts receivable—trade	974,555,000	729,547,000	966,411,000	820,220,000	879,633,000	800,402,000	1,142,514,000	846,440,000	1,205,724,000	823,617,000	1,127,728,000	764,269,000	856,841,000	711,203,000	929,482,000	654,399,000	868,426,000	671,464,000	841,227,000	532,401,000	634,830,000	615,233,000	829,513,000	540,398,000	705,639,000	568,509,000	849,218,000	538,746,000	694,136,000	594,145,000	814,923,000	501,863,000	614,295,000	588,262,000	742,832,000	417,457,000	595,779,000	581,381,000	759,619,000	483,545,000	544,027,000	599,073,000				596,940,000				477,912,000				461,383,000				399,499,000				390,061,000				410,390,000				455,153,000
inventories	1,429,124,000	1,429,254,000	1,707,522,000	1,842,295,000	1,467,333,000	1,254,094,000	1,301,956,000	1,459,488,000	1,137,857,000	1,340,996,000	1,347,820,000	1,385,424,000	1,180,367,000	1,173,119,000	1,184,385,000	1,208,239,000	1,031,503,000	988,511,000	1,026,541,000	1,060,422,000	909,802,000	964,207,000	958,483,000	999,380,000	832,193,000	815,251,000	969,071,000	957,953,000	791,289,000	784,879,000	880,673,000	916,440,000	782,460,000	752,836,000	938,187,000	936,437,000	795,404,000	745,678,000	843,519,000	871,285,000	770,382,000	750,970,000	813,583,000	873,996,000	745,761,000	801,036,000	900,743,000	855,182,000	678,755,000	659,541,000	762,635,000	778,988,000	626,643,000	633,262,000	726,492,000	791,805,000	649,454,000	648,953,000	654,455,000	659,224,000	535,520,000	533,622,000	594,574,000	603,728,000	481,854,000	519,712,000	559,318,000	642,505,000	572,767,000	592,530,000
prepaid expenses and other	487,856,000	504,239,000	561,155,000	850,693,000	941,918,000	974,215,000	492,383,000	562,641,000	523,392,000	345,588,000	243,617,000	285,051,000	228,546,000	272,195,000	251,126,000	226,105,000	219,454,000	256,965,000	198,660,000	200,157,000	183,150,000	254,478,000	213,211,000	197,835,000	222,125,000	240,080,000	254,130,000	230,896,000	265,539,000	272,159,000	274,663,000	479,450,000	397,307,000	280,633,000	258,379,000	343,573,000	247,647,000	192,752,000	194,046,000	202,584,000	172,551,000	152,026,000	191,417,000	208,354,000	230,981,000	276,571,000	213,195,000	275,083,000	193,020,000	178,862,000	178,639,000	182,489,000	186,877,000	168,344,000	190,462,000	237,457,000	171,447,000	167,559,000	139,782,000	175,895,000	171,956,000	141,132,000	142,072,000	173,298,000	159,263,000	161,859,000	185,293,000	169,255,000	171,018,000	189,256,000
total current assets	3,768,511,000	3,588,899,000	4,398,105,000	4,425,553,000	4,804,136,000	3,759,457,000	3,551,804,000	3,335,627,000	3,387,377,000	2,912,103,000	3,190,417,000	2,880,905,000	2,726,100,000	2,620,406,000	2,692,734,000	2,428,465,000	2,457,438,000	2,246,206,000	2,741,944,000	2,219,181,000	2,860,024,000	2,977,905,000	3,207,096,000	2,902,944,000	2,854,753,000	2,117,102,000	2,375,055,000	2,093,558,000	2,216,929,000	2,239,181,000	2,794,046,000	2,365,105,000	2,270,496,000	2,001,910,000	2,214,454,000	1,911,529,000	1,873,861,000	1,816,778,000	2,130,517,000	1,807,599,000	1,772,918,000	1,848,598,000	2,209,330,000	2,007,447,000	2,108,099,000	2,247,047,000	2,532,572,000	2,261,809,000	2,544,974,000	2,487,334,000	2,375,694,000	1,998,887,000	2,180,021,000	2,113,485,000	2,135,955,000	2,093,573,000	2,012,445,000	2,046,558,000	1,814,015,000	1,992,076,000	1,954,521,000	2,005,217,000	1,664,812,000	1,414,988,000	1,413,032,000	1,385,434,000	1,462,637,000	1,178,924,000	1,206,770,000	1,344,945,000
property, plant and equipment	3,489,162,000	3,529,608,000	3,426,678,000	3,442,194,000	3,436,981,000	3,458,853,000	3,389,034,000	3,368,322,000	3,333,096,000	3,309,678,000	3,156,064,000	3,014,876,000	2,822,238,000	2,769,702,000	2,622,587,000	2,590,826,000	2,592,628,000	2,586,187,000	2,370,193,000	2,341,825,000	2,298,817,000	2,285,255,000	2,183,376,000	2,165,346,000	2,150,217,000	2,153,139,000	2,099,985,000	2,107,185,000	2,108,075,000	2,130,294,000	2,092,899,000	2,083,840,000	2,119,016,000	2,106,697,000	2,050,124,000	2,033,790,000	2,050,439,000	2,177,248,000	2,159,589,000	2,198,615,000	2,230,071,000	2,240,460,000	2,187,736,000	2,180,326,000	2,149,215,000	2,151,901,000	2,078,713,000			1,805,345,000				1,674,071,000				1,559,717,000				1,437,702,000				1,404,767,000				1,458,949,000
goodwill	2,994,696,000	2,996,005,000	2,711,338,000	2,713,018,000	2,707,786,000	2,705,753,000	2,692,195,000	2,691,613,000	2,693,921,000	2,696,050,000	2,693,182,000	2,695,997,000	2,607,833,000	2,606,956,000	2,604,889,000	2,616,497,000	2,620,594,000	2,633,174,000	2,164,580,000	2,166,446,000	1,989,462,000	1,988,215,000	1,981,503,000	1,979,002,000	1,976,699,000	1,985,955,000	1,982,362,000	1,805,955,000	1,803,601,000	1,801,103,000	1,677,101,000	1,674,966,000	1,645,274,000	821,061,000	822,348,000	818,068,000	814,882,000	812,344,000	816,133,000	818,380,000	690,654,000	684,252,000	689,684,000	711,335,000	933,771,000	792,955,000	778,374,000	576,824,000	572,288,000	576,561,000	580,335,000	578,906,000	585,735,000	588,003,000	594,854,000	589,464,000	594,741,000	516,745,000	517,157,000	527,724,000	527,019,000	524,134,000	522,489,000	517,416,000	577,712,000	571,580,000	567,163,000	563,622,000	555,024,000	554,677,000
other intangibles	2,450,391,000	2,475,698,000	1,891,101,000	1,912,610,000	1,853,530,000	1,873,866,000	1,818,980,000	1,838,525,000	1,859,052,000	1,879,229,000	1,907,371,000	1,928,184,000	1,947,584,000	1,966,269,000	1,985,099,000	2,007,748,000	2,029,220,000	2,037,588,000	1,494,106,000	1,509,435,000	1,284,111,000	1,295,214,000	1,303,788,000	1,314,332,000	1,324,797,000	1,341,166,000	1,452,726,000	1,257,868,000	1,267,833,000	1,278,292,000	1,008,051,000	1,016,312,000	1,032,848,000	369,156,000	375,455,000	378,271,000	381,716,000	492,737,000	510,291,000	521,233,000	375,309,000	379,305,000		402,567,000	407,756,000	294,841,000	331,647,000	190,381,000	189,537,000	195,244,000	200,938,000	202,495,000	210,071,000	214,713,000	220,223,000	219,028,000	225,919,000	111,913,000	113,803,000	122,057,000	122,712,000	123,080,000	123,488,000	123,062,000	125,327,000	125,520,000	125,345,000	125,315,000	123,559,000	110,772,000
other non-current assets	1,111,645,000	1,123,285,000	1,110,163,000	1,111,333,000	1,126,829,000	1,111,867,000	1,129,029,000	1,140,255,000	1,071,065,000	1,061,427,000	950,395,000	961,741,000	964,993,000	944,989,000	888,406,000	904,822,000	902,347,000	868,203,000	628,686,000	612,614,000	577,692,000	555,887,000	554,111,000
deferred income taxes	26,888,000	27,802,000	42,041,000	41,029,000	38,502,000	37,065,000	40,368,000	41,332,000	45,243,000	44,454,000	38,242,000	43,973,000	42,770,000	40,498,000	39,192,000	40,516,000	42,817,000	40,873,000	39,674,000	34,362,000	28,022,000	29,369,000	25,160,000	24,760,000	25,064,000	31,033,000	29,809,000	29,691,000	1,184,000	1,166,000	2,844,000	2,726,000	3,069,000	3,023,000	18,485,000	55,590,000	57,826,000	56,861,000	59,130,000	64,344,000	51,784,000		99,628,000	79,676,000	119,497,000	100,515,000	56,871,000	48,079,000	46,610,000	52,511,000	73,352,000	102,762,000	119,812,000	122,224,000	103,438,000	121,192,000	121,750,000	136,861,000	106,694,000	69,714,000	61,260,000	55,760,000	77,478,000	67,841,000	56,884,000	39,868,000	31,164,000	65,854,000	61,018,000	70,903,000
total assets	13,841,293,000	13,741,297,000	13,579,426,000	13,645,737,000	13,967,764,000	12,946,861,000	12,621,410,000	12,415,674,000	12,389,754,000	11,902,941,000	11,935,671,000	11,525,676,000	11,111,518,000	10,948,820,000	10,832,907,000	10,588,874,000	10,645,044,000	10,412,231,000	9,439,183,000	8,883,863,000	9,038,128,000	9,131,845,000	9,255,034,000	8,911,071,000	8,855,443,000	8,140,395,000	8,464,260,000	7,793,560,000	7,857,376,000	7,703,020,000	7,836,189,000	7,405,653,000	7,332,798,000	5,553,726,000	5,655,477,000	5,380,228,000	5,342,385,000	5,524,333,000	5,845,413,000	5,567,384,000	5,305,840,000	5,344,371,000	5,630,620,000	5,449,330,000	5,757,462,000	5,629,516,000	5,916,553,000	5,184,969,000	5,428,846,000	5,357,488,000	5,077,919,000	4,696,868,000	4,845,630,000	4,754,839,000	4,737,782,000	4,667,972,000	4,599,457,000	4,412,199,000	4,130,506,000	4,312,753,000	4,235,155,000	4,272,732,000	3,886,943,000	3,619,987,000	3,698,687,000	3,675,031,000	3,773,107,000	3,493,422,000	3,506,544,000	3,634,719,000
liabilities and stockholders’ equity
current liabilities:
accounts payable	1,303,703,000	1,255,701,000	1,459,680,000	1,450,549,000	1,415,460,000	1,159,177,000	1,214,564,000	1,138,226,000	946,000,000	1,086,183,000	1,085,016,000	1,014,058,000	1,004,907,000	970,558,000	915,299,000	876,193,000	825,231,000	692,338,000	671,855,000	615,641,000	553,642,000	580,058,000	589,586,000	530,042,000	531,928,000	550,828,000	553,561,000	479,792,000	500,633,000	502,314,000	581,481,000	496,865,000	519,988,000	523,229,000	529,442,000	471,545,000	499,149,000	522,536,000	458,028,000	455,225,000	436,343,000	474,266,000	448,599,000	423,379,000	449,149,000	482,017,000	522,787,000	464,938,000	465,162,000	461,514,000	481,593,000	413,144,000	412,319,000	441,977,000	435,283,000	388,472,000	380,404,000	420,017,000	430,251,000	399,841,000	381,504,000	410,655,000	350,253,000	304,993,000	294,223,000	287,935,000	285,231,000	279,706,000	239,634,000	249,454,000
accrued liabilities	926,173,000	970,597,000	952,330,000	875,974,000	826,947,000	807,341,000	807,392,000	783,723,000	872,475,000	867,815,000	968,926,000	828,207,000	780,195,000	832,518,000	845,472,000	736,685,000	784,660,000	855,638,000	751,972,000	708,292,000	717,171,000	781,766,000	730,947,000	643,938,000	673,285,000	702,372,000	726,344,000	650,922,000	650,657,000	679,163,000	663,974,000	635,728,000	623,709,000	676,134,000	673,435,000	641,743,000	646,879,000	750,986,000	683,012,000	718,921,000	769,793,000	856,967,000	807,621,000	707,365,000	704,283,000	813,513,000	737,788,000	523,185,000	623,841,000	699,722,000	630,422,000	564,080,000	620,420,000	650,906,000	644,959,000	569,902,000	598,210,000	612,186,000	596,680,000	527,742,000	547,189,000	593,308,000	605,644,000	530,011,000	466,288,000	546,462,000	546,425,000	460,304,000	431,782,000	504,065,000
accrued income taxes	136,359,000	63,725,000	98,461,000	98,795,000	25,495,000	51,036,000	71,836,000	37,232,000	75,482,000	29,457,000	54,864,000	16,009,000	135,071,000	6,710,000	81,771,000	20,543,000	79,635,000	3,070,000	69,482,000	52,035,000	85,385,000	17,051,000	73,652,000	54,091,000	61,273,000	19,921,000	74,085,000	16,748,000	74,562,000	33,773,000	61,030,000	30,336,000	12,263,000	17,723,000	19,109,000	6,863,000	77,244,000	3,207,000	13,588,000	102,000	110,256,000	23,243,000	40,619,000	21,101,000	121,811,000	4,616,000	31,568,000	75,409,000	172,460,000	79,911,000	38,629,000	4,585,000	105,922,000	2,329,000	12,631,000	1,930,000	100,740,000	1,899,000	15,083,000	301,000	76,734,000	9,402,000	37,286,000		85,836,000	36,918,000	33,652,000		57,081,000	15,189,000
short-term debt	169,455,000	218,546,000	214,959,000	164,968,000	144,626,000	1,306,976,000	1,196,403,000	1,321,274,000	1,289,648,000	719,839,000	819,880,000	859,773,000	603,089,000	693,790,000	793,871,000	914,916,000	873,783,000	939,423,000	410,374,000	207,564,000	64,458,000	74,041,000	45,680,000	198,299,000	837,621,000	32,282,000	1,275,430,000	886,779,000	1,168,780,000	1,197,929,000	1,449,226,000	1,046,927,000	2,246,485,000	559,359,000	815,588,000	621,965,000	487,487,000	632,471,000	612,383,000	997,120,000	520,564,000	363,513,000	687,981,000	615,702,000	649,103,000	384,696,000	649,195,000	197,031,000	182,007,000	165,961,000	107,064,000	99,081,000	100,552,000	118,164,000	208,352,000	139,356,000	146,677,000	42,080,000	39,861,000	34,485,000	24,474,000	24,088,000	14,992,000	28,968,000	42,162,000	24,066,000	227,389,000	245,434,000	357,737,000	483,120,000
current portion of long-term debt	504,081,000	503,327,000	502,334,000	303,021,000	603,617,000	604,965,000	904,819,000	605,176,000	305,425,000	305,058,000	7,791,000	8,010,000	758,086,000	753,578,000	752,201,000	752,573,000	2,328,000	2,844,000	2,812,000	3,470,000	353,976,000	438,829,000	788,328,000	788,448,000	788,692,000	703,390,000	352,954,000	353,186,000	3,553,000	5,387,000	3,115,000	304,401,000	303,062,000	300,098,000	300,096,000	89,000	158,000	243,000	250,024,000	500,078,000	500,016,000	499,923,000	250,421,000	250,725,000	250,784,000	250,805,000	250,881,000	1,002,000	975,000	914,000	3,060,000	3,316,000	252,854,000	257,734,000	251,729,000	347,312,000	97,778,000	97,593,000	99,552,000	259,444,000	261,031,000	261,392,000	261,915,000	12,037,000	13,786,000	15,247,000	15,632,000	16,495,000	17,112,000	18,384,000
total current liabilities	3,039,771,000	3,011,896,000	3,227,764,000	2,893,307,000	3,016,145,000	3,929,495,000	4,195,014,000	3,885,631,000	3,489,030,000	3,008,352,000	2,936,477,000	2,726,057,000	3,281,348,000	3,257,154,000	3,388,614,000	3,300,910,000	2,565,637,000	2,493,313,000	1,906,495,000	1,587,002,000	1,774,632,000	1,891,745,000	2,228,193,000	2,214,818,000	2,892,799,000	2,008,793,000	2,982,374,000	2,387,427,000	2,398,185,000	2,418,566,000	2,758,826,000	2,514,257,000	3,705,507,000	2,076,543,000	2,337,670,000	1,742,205,000	1,710,917,000	1,909,443,000	2,017,035,000	2,671,446,000	2,336,972,000	2,217,912,000	2,235,241,000	2,018,272,000	2,175,130,000	1,935,647,000	2,192,219,000	1,261,565,000	1,444,445,000	1,408,022,000	1,260,768,000	1,084,206,000	1,492,067,000	1,471,110,000	1,552,954,000	1,446,972,000	1,323,809,000	1,173,775,000	1,181,427,000	1,221,813,000	1,290,932,000	1,298,845,000	1,270,090,000	876,009,000	902,295,000	910,628,000	1,108,329,000	1,001,939,000	1,103,346,000	1,270,212,000
long-term debt	4,684,363,000	4,681,194,000	4,677,086,000	5,176,436,000	5,177,251,000	3,190,210,000	3,189,079,000	3,489,393,000	3,790,013,000	3,789,132,000	4,086,087,000	4,086,195,000	3,341,375,000	3,343,977,000	3,340,671,000	3,340,472,000	4,088,437,000	4,086,627,000	4,095,159,000	4,095,200,000	4,094,158,000	4,089,755,000	4,093,172,000	4,091,211,000	3,453,525,000	3,530,813,000	2,892,296,000	2,888,043,000	3,236,317,000	3,254,280,000	3,253,879,000	3,249,689,000	2,059,934,000	2,061,023,000	2,054,132,000	2,349,756,000	2,350,941,000	2,347,455,000	2,362,466,000	1,571,179,000	1,571,388,000	1,557,091,000	1,830,186,000	1,547,399,000	1,560,265,000	1,548,963,000	1,559,770,000	1,794,830,000	1,793,500,000	1,795,142,000	1,796,263,000	1,794,493,000	1,539,800,000	1,530,967,000	1,515,757,000	1,498,669,000	1,748,630,000	1,748,500,000	1,498,862,000	1,541,388,000	1,540,924,000	1,541,825,000	1,250,546,000	1,501,335,000	1,502,183,000	1,502,730,000	1,503,435,000	1,504,475,000	1,505,281,000	1,505,954,000
other long-term liabilities	676,847,000	731,917,000	639,160,000	652,155,000	676,257,000	688,259,000	709,359,000	700,065,000	663,648,000	660,673,000	641,801,000	714,532,000	712,143,000	719,742,000	750,870,000	764,041,000	781,048,000	787,058,000	639,896,000	671,601,000	673,756,000	683,434,000	653,587,000	643,847,000	637,533,000	655,777,000	627,842,000	636,913,000	618,133,000	446,048,000	429,232,000	436,691,000	435,186,000	438,939,000	402,396,000	397,204,000	399,575,000	400,161,000	478,707,000	496,110,000	465,523,000	468,718,000	504,972,000	515,267,000	541,058,000	526,003,000	410,857,000	413,807,000	424,814,000	434,068,000	637,042,000	663,519,000	666,175,000	668,732,000	636,339,000	608,664,000	614,586,000	617,276,000	495,540,000	503,858,000	494,315,000	494,461,000	501,831,000	508,086,000	500,504,000	501,334,000	481,105,000	503,638,000	503,602,000	504,963,000
total liabilities	9,107,445,000	9,104,547,000	9,014,980,000	9,131,119,000	9,282,868,000	8,232,207,000	8,416,441,000	8,405,808,000	8,281,467,000	7,803,855,000	7,968,031,000	7,830,891,000	7,653,153,000	7,649,276,000	7,749,827,000	7,697,134,000	7,729,495,000	7,655,002,000	6,902,050,000	6,609,970,000	6,773,282,000	6,893,962,000	7,186,221,000	7,154,982,000	7,180,902,000	6,395,401,000	6,702,669,000	6,109,479,000	6,434,016,000	6,295,754,000	6,586,917,000	6,341,836,000	6,343,143,000	4,622,161,000	4,816,501,000	4,510,246,000	4,496,932,000	4,696,646,000	4,903,341,000	4,792,723,000	4,426,487,000	4,296,909,000	4,693,494,000	4,211,062,000	4,412,946,000	4,109,986,000	4,308,693,000	3,576,409,000	3,759,783,000	3,741,436,000	3,727,344,000	3,575,141,000	3,733,066,000	3,706,466,000	3,740,820,000	3,582,001,000	3,713,864,000	3,539,551,000	3,175,829,000	3,267,059,000	3,326,171,000	3,335,131,000	3,024,006,000	2,887,485,000	2,909,622,000	2,914,692,000	3,135,590,000	3,036,242,000	3,119,926,000	3,284,775,000
stockholders’ equity:
the hershey company stockholders’ equity																																							895,445,000	727,950,000	831,439,000	997,997,000	888,613,000	1,150,259,000	1,266,065,000	1,455,062,000	1,543,954,000	1,545,267,000	1,605,469,000	1,604,834,000	1,338,959,000	1,111,822,000	1,100,434,000	1,036,749,000	981,262,000	1,064,327,000	860,330,000	849,022,000	927,672,000	1,012,260,000	875,417,000	902,316,000	826,749,000	697,368,000	752,217,000	720,459,000	597,070,000	417,756,000	349,105,000
preferred stock, shares issued: none in 2026 and 2025
common stock	166,939,000	166,939,000	166,939,000	166,939,000	166,939,000	166,939,000	166,939,000	166,939,000	166,939,000	166,939,000	166,939,000	166,939,000	164,439,000	163,439,000	163,439,000	163,439,000	161,939,000	160,939,000	160,939,000	160,939,000	160,939,000	160,939,000	160,939,000	160,939,000	160,939,000	160,939,000	299,287,000	299,287,000	299,287,000	299,287,000	299,281,000	299,281,000	299,281,000	299,281,000	299,281,000	299,281,000	299,281,000	299,281,000	299,281,000	299,281,000	299,281,000	299,281,000	299,281,000	299,281,000	299,281,000	299,281,000	299,281,000	299,281,000	299,281,000	299,281,000	299,272,000	299,272,000	299,272,000	299,272,000	299,271,000	299,271,000	299,271,000	299,269,000	299,269,000	299,269,000	299,269,000	299,195,000	299,193,000	299,193,000	299,192,000	299,192,000	299,192,000	299,192,000	299,191,000	299,190,000
class b common stock	54,614,000	54,614,000	54,614,000	54,614,000	54,614,000	54,614,000	54,614,000	54,614,000	54,614,000	54,614,000	54,614,000	54,614,000	57,114,000	58,114,000	58,114,000	58,114,000	59,614,000	60,614,000	60,614,000	60,614,000	60,614,000	60,614,000	60,614,000	60,614,000	60,614,000	60,614,000	60,614,000	60,614,000	60,614,000	60,614,000	60,620,000	60,620,000	60,620,000	60,620,000	60,620,000	60,620,000	60,620,000	60,620,000	60,620,000	60,620,000	60,620,000	60,620,000	60,620,000	60,620,000	60,620,000	60,620,000	60,620,000	60,620,000	60,620,000	60,620,000	60,629,000	60,629,000	60,629,000	60,629,000	60,630,000	60,630,000	60,630,000	60,632,000	60,632,000	60,632,000	60,632,000	60,706,000	60,708,000	60,708,000	60,709,000	60,709,000	60,709,000	60,709,000	60,710,000	60,711,000
additional paid-in capital	1,435,194,000	1,426,651,000	1,407,685,000	1,387,873,000	1,372,137,000	1,377,226,000	1,342,935,000	1,325,876,000	1,315,813,000	1,345,580,000	1,321,533,000	1,301,247,000	1,285,412,000	1,296,572,000	1,280,462,000	1,258,091,000	1,243,240,000	1,260,331,000	1,240,012,000	1,218,708,000	1,195,748,000	1,191,200,000	1,169,583,000	1,161,878,000	1,153,130,000	1,142,210,000	1,130,493,000	1,075,187,000	996,181,000	982,205,000	957,759,000	940,046,000	925,965,000	924,978,000	910,246,000	904,588,000	878,650,000	869,857,000	852,675,000	817,135,000	792,620,000	783,877,000	771,074,000	752,369,000	745,896,000	754,186,000	734,267,000	717,483,000	686,393,000	664,944,000	645,727,000	627,391,000	608,656,000	592,975,000	567,976,000	557,392,000	503,949,000	490,817,000	470,491,000	456,550,000	438,371,000	434,865,000	430,426,000	420,028,000	399,511,000	394,678,000	386,842,000	375,559,000	357,584,000	352,375,000
retained earnings	5,643,428,000	5,495,449,000	5,447,367,000	5,442,869,000	5,652,065,000	5,698,316,000	5,172,717,000	4,997,269,000	5,087,126,000	4,562,263,000	4,451,463,000	4,171,010,000	3,970,562,000	3,589,781,000	3,401,198,000	3,208,598,000	3,071,416,000	2,719,936,000	2,565,538,000	2,301,805,000	2,162,464,000	1,928,673,000	1,800,186,000	1,516,543,000	1,404,453,000	1,290,461,000	7,525,653,000	7,358,277,000	7,193,240,000	7,032,020,000	6,843,057,000	6,727,127,000	6,634,316,000	6,371,082,000	6,325,011,000	6,187,409,000	6,112,471,000	6,115,961,000	6,129,088,000	6,030,252,000	6,005,068,000	5,897,603,000	5,807,281,000	5,776,618,000	5,991,140,000	5,860,784,000	5,773,534,000	5,665,043,000	5,601,471,000	5,454,286,000	5,373,743,000	5,246,132,000	5,177,919,000	5,027,617,000	4,960,822,000	4,866,839,000	4,814,715,000	4,699,597,000	4,633,156,000	4,512,163,000	4,458,210,000	4,374,718,000	4,310,037,000	4,200,758,000	4,224,841,000	4,148,353,000	4,087,572,000	3,991,467,000	3,985,927,000	3,975,762,000
treasury—common stock shares, at cost: 18,715,197 at march 29, 2026 and 18,713,369 at december 31, 2025	-2,316,416,000
accumulated other comprehensive loss	-249,911,000	-247,350,000	-250,024,000	-270,424,000	-291,299,000	-303,890,000	-252,120,000	-251,613,000	-230,835,000	-230,078,000	-250,647,000	-221,041,000	-238,007,000	-252,333,000	-296,050,000	-268,381,000	-242,009,000	-249,215,000	-298,400,000	-296,136,000	-329,006,000	-338,082,000	-352,307,000	-367,193,000	-365,741,000	-323,966,000	-324,141,000	-336,736,000	-348,520,000	-356,780,000	-335,954,000	-367,818,000	-354,475,000	-313,746,000	-337,027,000	-355,964,000	-357,410,000	-375,888,000	-396,822,000	-396,681,000	-379,738,000	-371,025,000	-383,935,000	-316,325,000	-403,812,000	-358,573,000	-176,516,000	-146,343,000	-152,275,000	-166,567,000	-318,787,000	-380,658,000	-376,339,000	-385,076,000	-335,239,000	-395,527,000	-396,303,000	-442,331,000	-292,260,000	-205,822,000	-205,740,000	-215,067,000	-240,372,000	-242,446,000	-217,082,000	-202,844,000	-248,128,000	-301,051,000	-342,454,000	-359,908,000
total stockholders’ equity	4,733,848,000	4,636,750,000	4,564,446,000	4,514,618,000	4,684,896,000	4,714,654,000	4,204,969,000	4,009,866,000	4,108,287,000	4,099,086,000	3,967,640,000	3,694,785,000	3,458,365,000	3,299,544,000	3,083,080,000	2,891,740,000	2,915,549,000	2,757,229,000	2,537,133,000	2,273,893,000	2,264,846,000	2,237,883,000	2,068,813,000	1,756,089,000	1,674,541,000	1,744,994,000	1,761,591,000	1,684,081,000	1,423,360,000	1,407,266,000	1,249,272,000	1,063,817,000	989,655,000	931,565,000	838,976,000	869,982,000	845,453,000	827,687,000	942,072,000	774,661,000	879,353,000	1,047,462,000				1,519,530,000				1,616,052,000				1,048,373,000				872,648,000				937,601,000				760,339,000	637,517,000			318,199,000
total liabilities and stockholders’ equity	13,841,293,000	13,741,297,000	13,579,426,000	13,645,737,000	13,967,764,000	12,946,861,000	12,621,410,000	12,415,674,000	12,389,754,000	11,902,941,000	11,935,671,000	11,525,676,000	11,111,518,000	10,948,820,000	10,832,907,000	10,588,874,000	10,645,044,000	10,412,231,000	9,439,183,000	8,883,863,000	9,038,128,000	9,131,845,000	9,255,034,000	8,911,071,000	8,855,443,000	8,140,395,000	8,464,260,000	7,793,560,000	7,857,376,000	7,703,020,000	7,836,189,000	7,405,653,000	7,332,798,000	5,553,726,000	5,655,477,000	5,380,228,000	5,342,385,000	5,524,333,000	5,845,413,000	5,567,384,000	5,305,840,000	5,344,371,000				5,629,516,000				5,357,488,000				4,754,839,000				4,412,199,000				4,272,732,000				3,675,031,000	3,773,107,000
preferred stock, shares issued: none in 2025 and 2024
treasury—common stock shares, at cost: 18,713,369 in 2025 and 19,169,956 in 2024		-2,259,553,000
treasury—common stock shares, at cost: 18,775,431 at september 28, 2025 and 19,169,956 at december 31, 2024			-2,262,135,000
treasury—common stock shares, at cost: 18,898,434 at june 29, 2025 and 19,169,956 at december 31, 2024				-2,267,253,000
treasury—common stock shares, at cost: 18,956,021 at march 30, 2025 and 19,169,956 at december 31, 2024					-2,269,560,000
preferred stock, shares issued: none in 2024 and 2023
treasury—common stock shares, at cost: 19,169,956 in 2024 and 17,160,099 in 2023						-2,278,551,000
treasury—common stock shares, at cost: 19,207,198 at september 29, 2024 and 17,160,099 at december 31, 2023							-2,280,116,000
treasury—common stock shares, at cost: 19,281,035 at june 30, 2024 and 17,160,099 at december 31, 2023								-2,283,219,000
treasury—common stock shares, at cost: 19,332,210 at march 31, 2024 and 17,160,099 at december 31, 2023									-2,285,370,000
preferred stock, shares issued: none in 2023 and 2022
treasury—common stock shares, at cost: 17,160,099 in 2023 and 16,588,308 in 2022										-1,800,232,000
treasury—common stock shares, at cost: 17,063,009 at october 1, 2023 and 16,588,308 at december 31, 2022											-1,776,262,000
treasury—common stock shares, at cost: 17,103,981 at july 2, 2023 and 16,588,308 at december 31, 2022												-1,777,984,000
treasury—common stock shares, at cost: 17,179,435 at april 2, 2023 and 16,588,308 at december 31, 2022													-1,781,155,000
preferred stock, shares issued: none in 2022 and 2021
treasury—common stock shares, at cost: 16,588,308 in 2022 and 15,444,011 in 2021														-1,556,029,000
treasury—common stock shares, at cost: 16,484,611 at october 2, 2022 and 15,444,011 at december 31, 2021															-1,524,083,000
treasury—common stock shares, at cost: 16,581,634 at july 3, 2022 and 15,444,011 at december 31, 2021																-1,528,121,000
treasury—common stock shares, at cost: 15,961,542 at april 3, 2022 and 15,444,011 at december 31, 2021																	-1,378,651,000
preferred stock, shares issued: none in 2021 and 2020
treasury—common stock shares, at cost: 15,444,011 in 2021 and 13,325,898 in 2020																		-1,195,376,000
total—the hershey company stockholders’ equity																		2,757,229,000	2,528,294,000	2,265,049,000	2,255,994,000	2,234,352,000	2,065,854,000	1,753,605,000	1,671,231,000	1,739,222,000	1,753,162,000	1,675,120,000	1,414,737,000	1,398,721,000	1,234,902,000	1,049,944,000	972,128,000	915,338,000	823,270,000	855,305,000	830,078,000	785,856,000
noncontrolling interest in subsidiary																			8,839,000	8,844,000	8,852,000	3,531,000	2,959,000	2,484,000	3,310,000	5,772,000	8,429,000	8,961,000	8,623,000	8,545,000	14,370,000	13,873,000	17,527,000	16,227,000	15,706,000	14,677,000
treasury—common stock shares, at cost: 15,564,962 at october 3, 2021 and 13,325,898 at december 31, 2020																			-1,200,409,000
treasury—common stock shares, at cost: 15,528,828 at july 4, 2021 and 13,325,898 at december 31, 2020																				-1,180,881,000
treasury—common stock shares, at cost: 14,583,846 at april 4, 2021 and 13,325,898 at december 31, 2020																					-994,765,000
preferred stock, shares issued: none in 2020 and 2019
treasury—common stock shares, at cost: 13,325,898 in 2020 and 12,723,592 in 2019																						-768,992,000
treasury—common stock shares, at cost: 13,426,093 at september 27, 2020 and 12,723,592 at december 31, 2019																							-773,161,000
other assets																								524,687,000	523,913,000	512,000,000	524,323,000	499,303,000	459,754,000	252,984,000	261,248,000	262,704,000	262,095,000	251,879,000	174,611,000	182,980,000	163,661,000	168,365,000	169,753,000	157,213,000	185,104,000	155,366,000	155,123,000	147,655,000	158,621,000	142,772,000			212,724,000	293,004,000	182,217,000	176,309,000	147,623,000	152,119,000	154,845,000	154,531,000	147,912,000	138,722,000	161,438,000	163,157,000	165,622,000	161,212,000	176,293,000	175,289,000	180,619,000	183,377,000	180,368,000	163,849,000	154,774,000	151,561,000
treasury—common stock shares, at cost: 13,570,656 at june 28, 2020 and 12,723,592 at december 31, 2019																								-779,176,000
treasury—common stock shares, at cost: 13,390,995 at march 29, 2020 and 12,723,592 at december 31, 2019																									-742,164,000
preferred stock, shares issued: none in 2019 and 2018
treasury—common stock shares, at cost: 12,723,592 in 2019 and 150,172,840 in 2018																										-591,036,000
treasury—common stock shares, at cost: 150,681,543 at september 29, 2019 and 150,172,840 at december 31, 2018																											-6,938,744,000
treasury—common stock shares, at cost: 150,242,266 at june 30, 2019 and 150,172,840 at december 31, 2018																												-6,781,509,000
treasury—common stock shares, at cost: 151,275,897 at march 31, 2019 and 150,172,840 at december 31, 2018																													-6,786,065,000
preferred stock, shares issued: none in 2018 and 2017
treasury—common stock shares, at cost: 150,172,840 in 2018 and 149,040,927 in 2017																														-6,618,625,000
preferred stock, shares issued: none at september 30, 2018 and december 31, 2017
treasury—common stock shares, at cost: 150,181,170 at september 30, 2018 and 149,040,927 at december 31, 2017																															-6,589,861,000
preferred stock, shares issued: none at july 1, 2018 and december 31, 2017
treasury—common stock shares, at cost: 150,648,644 at july 1, 2018 and 149,040,927 at december 31, 2017																																-6,609,312,000
preferred stock, shares issued: none at april 1, 2018 and december 31, 2017
treasury—common stock shares, at cost: 150,559,192 at april 1, 2018 and 149,040,927 at december 31, 2017																																	-6,593,579,000
preferred stock, shares issued: none in 2017 and 2016
treasury—common stock shares, at cost: 149,040,927 in 2017 and 147,642,009 in 2016																																		-6,426,877,000
preferred stock, shares issued: none at october 1, 2017 and december 31, 2016
treasury—common stock shares, at cost: 149,232,801 at october 1, 2017 and 147,642,009 at december 31, 2016																																			-6,434,861,000
preferred stock, shares issued: none at july 2, 2017 and december 31, 2016
treasury—common stock shares, at cost: 147,487,088 at july 2, 2017 and 147,642,009 at december 31, 2016																																				-6,240,629,000
preferred stock, shares issued: none at april 2, 2017 and december 31, 2016
treasury—common stock shares, at cost: 147,150,754 at april 2, 2017 and 147,642,009 at december 31, 2016																																					-6,163,534,000
noncontrolling interests in subsidiaries																																					15,375,000	41,831,000	46,627,000	46,711,000	47,914,000	49,465,000	48,513,000	50,626,000	49,833,000	64,468,000	63,906,000	63,293,000	63,594,000	11,218,000	11,616,000	9,905,000	12,130,000	11,624,000	15,700,000	21,644,000	25,263,000	23,626,000	27,005,000	33,434,000	33,567,000	35,285,000	36,188,000	35,134,000	36,848,000	39,880,000	40,447,000	39,424,000	37,513,000
preferred stock, shares issued: none in 2016 and 2015
treasury—common stock shares, at cost: 147,642,009 in 2016 and 143,124,384 in 2015																																						-6,183,975,000
preferred stock, shares issued: none at october 2, 2016 and december 31, 2015, respectively
treasury—common stock shares, at cost: 146,305,207 at october 2, 2016 and 143,124,384 at december 31, 2015																																							-6,049,397,000
preferred stock, shares issued: none at july 3, 2016 and december 31, 2015, respectively
treasury—common stock shares, at cost: 147,104,547 at july 3, 2016 and 143,124,384 at december 31, 2015, respectively																																								-6,082,657,000
preferred stock, shares issued: none at april 3, 2016 and december 31, 2015, respectively
treasury—common stock shares, at cost: 145,772,541 at april 3, 2016 and 143,124,384 at december 31, 2015, respectively																																									-5,946,412,000
short-term investments																																												99,310,000	99,483,000	97,131,000	98,309,000	97,216,000
preferred stock, shares issued: none in 2015 and 2014
treasury—common stock shares, at cost: 143,124,384 in 2015 and 138,856,786 in 2014																																										-5,672,359,000
accounts receivable – trade																																											760,789,000	443,452,000	606,687,000
other intangible assets																																											388,747,000
liabilities and stockholders' equity
stockholders' equity:
preferred stock, shares issued: none at october 4, 2015 and december 31, 2014, respectively
treasury – common stock shares, at cost: 143,155,476 and 138,856,786 at october 4, 2015 and december 31, 2014, respectively																																											-5,665,708,000
total stockholders' equity																																											937,126,000	1,200,885,000	1,315,898,000		1,607,860,000	1,608,560,000	1,669,063,000		1,350,575,000	1,121,727,000	1,112,564,000		996,962,000	1,085,971,000	885,593,000		954,677,000	1,045,694,000	908,984,000		862,937,000	732,502,000	789,065,000			457,180,000	386,618,000
total liabilities and stockholders' equity																																											5,630,620,000				5,916,553,000	5,184,969,000	5,428,846,000		5,077,919,000	4,696,868,000	4,845,630,000		4,737,782,000	4,667,972,000	4,599,457,000		4,130,506,000	4,312,753,000	4,235,155,000		3,886,943,000	3,619,987,000	3,698,687,000			3,493,422,000	3,506,544,000
redeemable noncontrolling interest																																												37,383,000	28,618,000
preferred stock, shares issued: none at july 5, 2015 and december 31, 2014, respectively
treasury – common stock shares, at cost: 140,550,296 and 138,856,786 at july 5, 2015 and december 31, 2014, respectively																																												-5,422,304,000
total liabilities, redeemable noncontrolling interest and stockholders' equity																																												5,449,330,000	5,757,462,000
preferred stock, shares issued: none at april 5, 2015 and december 31, 2014, respectively
treasury – common stock shares, at cost: 140,790,665 and 138,856,786 at april 5, 2015 and december 31, 2014, respectively																																													-5,427,060,000
preferred stock, shares issued: none in 2014 and 2013
treasury—common stock shares, at cost: 138,856,786 in 2014 and 136,007,023 in 2013																																														-5,161,236,000
accounts receivable - trade																																															786,366,000	423,648,000	620,493,000		659,740,000	366,288,000	516,593,000		649,328,000	353,337,000	502,455,000		620,745,000	296,946,000	433,519,000		605,741,000	321,051,000	411,245,000		567,609,000	272,542,000	331,031,000
other long-term assets																																															195,247,000	212,568,000
preferred stock, shares issued: none at september 28, 2014 and december 31, 2013, respectively
treasury-common stock shares at cost: 138,987,173 and 136,007,023 at september 28, 2014 and december 31, 2013, respectively																																															-5,147,232,000
property, plant and equipment, at cost																																																4,023,857,000	3,950,400,000		3,665,692,000	3,650,777,000	3,624,875,000		3,587,568,000	3,564,028,000	3,658,570,000		3,507,324,000	3,458,570,000	3,374,832,000		3,224,493,000	3,245,579,000	3,236,902,000		3,348,034,000	3,400,412,000	3,428,030,000
less-accumulated depreciation and amortization																																																-2,080,470,000	-2,041,077,000		-1,945,872,000	-1,941,431,000	-1,919,488,000		-1,969,390,000	-1,980,724,000	-2,072,683,000		-1,994,544,000	-1,965,033,000	-1,931,011,000		-1,846,459,000	-1,867,067,000	-1,842,224,000		-1,935,216,000	-1,959,882,000	-1,980,916,000
net property, plant and equipment																																																1,943,387,000	1,909,323,000		1,719,820,000	1,709,346,000	1,705,387,000		1,618,178,000	1,583,304,000	1,585,887,000		1,512,780,000	1,493,537,000	1,443,821,000		1,378,034,000	1,378,512,000	1,394,678,000		1,412,818,000	1,440,530,000	1,447,114,000
preferred stock, shares issued: none at june 29, 2014 and december 31, 2013, respectively
treasury-common stock shares at cost: 138,046,572 and 136,007,023 at june 29, 2014 and december 31, 2013, respectively																																																-5,050,817,000
treasury-common stock shares at cost: 136,593,285 in 2014 and 136,007,023 in 2013																																																	-4,890,021,000
in thousands of dollars
preferred stock, shares issued: none in 2013 and 2012
treasury—common stock shares, at cost: 136,007,023 in 2013 and 136,115,714 in 2012																																																		-4,707,730,000
treasury-common stock shares at cost: 136,320,560 in 2013 and 136,115,714 in 2012																																																			-4,721,625,000
treasury-common stock shares at cost: 136,756,445 in 2013 and 136,115,714 in 2012																																																				-4,740,944,000
treasury-common stock shares at cost: 136,294,479 in 2013 and 136,115,714 in 2012																																																					-4,669,703,000
commitments and contingencies
preferred stock, shares issued: none in 2012 and 2011
treasury—common stock shares, at cost: 136,115,714 in 2012 and 134,695,826 in 2011																																																						-4,558,668,000
treasury-common stock shares at cost: 136,714,186 in 2012 and 134,695,826 in 2011																																																							-4,572,198,000
treasury-common stock shares at cost: 133,771,908 in 2012 and 134,695,826 in 2011																																																								-4,324,278,000
treasury-common stock shares at cost: 136,657,659 in 2012 and 134,695,826 in 2011																																																									-4,421,932,000
preferred stock, shares issued: none in 2011 and 2010
treasury—common stock shares, at cost: 134,695,826 in 2011 and 132,871,512 in 2010																																																										-4,258,962,000
treasury-common stock shares at cost: 134,572,801 in 2011 and 132,871,512 in 2010																																																											-4,243,616,000
treasury-common stock shares at cost: 132,594,582 in 2011 and 132,871,512 in 2010																																																												-4,110,532,000
treasury-common stock shares at cost: 134,509,270 in 2011 and 132,871,512 in 2010																																																													-4,175,325,000
preferred stock, shares issued: none in 2010 and 2009
treasury—common stock shares, at cost: 132,871,512 in 2010 and 131,903,468 in 2009																																																														-4,052,101,000
treasury-common stock shares at cost: 132,619,562 in 2010 and 131,903,468 in 2009																																																															-4,033,243,000
treasury-common stock shares at cost: 132,853,510 in 2010 and 131,903,468 in 2009																																																																-4,040,873,000
treasury-common stock shares at cost: 132,699,107 in 2010 and 131,903,468 in 2009																																																																	-4,014,954,000
preferred stock, shares issued: none in 2009 and 2008
treasury—common stock shares, at cost: 131,903,468 in 2009 and 132,866,673 in 2008																																																																		-3,979,629,000
treasury-common stock shares, at cost: 132,194,512 in 2009 and 132,866,673 in 2008																																																																			-3,989,117,000
preferred stock, shares issued:none in 2009 and 2008
treasury-common stock shares at cost: 132,777,431 in 2009 and 132,866,673 in 2008																																																																				-4,008,120,000
preferred stock, shares issued:
none in 2009 and 2008
treasury-common stock shares at cost:
132,891,936 in 2009 and 132,866,673 in 2008																																																																					-4,011,853,000
liabilities, minority interest and stockholders’ equity
minority interest																																																																						31,745,000
preferred stock, shares issued: none in 2008 and 2007
treasury—common stock shares, at cost: 132,866,673 in 2008 and 132,851,893 in 2007																																																																						-4,009,931,000
total liabilities, minority interest and stockholders’ equity																																																																						3,634,719,000

Cashflow Statements:

Quarterly

Annual

Unit: USD	2026-03-29	2025-12-31	2025-09-28	2025-06-29	2025-03-30	2024-12-31	2024-09-29	2024-06-30	2024-03-31	2023-12-31	2023-10-01	2023-07-02	2023-04-02	2022-12-31	2022-10-02	2022-07-03	2022-04-03	2021-12-31	2021-10-03	2021-07-04	2021-04-04	2020-12-31	2020-09-27	2020-06-28	2020-03-29	2019-12-31	2019-09-29	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-07-01	2018-04-01	2017-12-31	2017-10-01	2017-07-02	2017-04-02	2016-12-31	2016-10-02	2016-07-03	2016-04-03	2015-12-31	2015-10-04	2015-07-05	2015-04-05	2014-12-31	2014-09-28	2014-06-29	2014-03-30	2013-12-31	2013-09-29	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-07-01	2012-04-01	2011-12-31	2011-10-02	2011-07-03	2011-04-03	2010-12-31	2010-10-03	2010-07-04	2010-04-04	2009-12-31	2009-10-04	2009-07-05	2009-04-05

operating activities
net income	435,105,000	320,017,000	276,320,000	62,719,000	224,203,000	796,591,000	446,301,000	180,894,000	797,453,000		518,577,000	406,983,000	587,185,000																									116,853,000	227,403,000	145,956,000	229,832,000	213,384,000	154,771,000	-99,941,000	244,737,000	202,508,000	223,741,000	168,168,000	252,495,000	186,075,000	232,985,000	159,504,000	241,906,000	149,879,000	176,716,000	135,685,000	198,651,000	142,133,000	196,695,000	130,019,000	160,115,000	135,513,000	180,169,000	46,723,000	147,394,000	126,779,000	162,023,000	71,298,000	75,894,000
adjustments to reconcile net income to net cash from operating activities:
depreciation and amortization	133,002,000	132,521,000	127,783,000	123,833,000	119,564,000	123,815,000	113,255,000	110,421,000	107,764,000	116,719,000	103,309,000	101,588,000	98,199,000	99,877,000	94,200,000	93,846,000	91,036,000	83,049,000	78,024,000	76,032,000	77,897,000	77,218,000	75,165,000	71,900,000	70,624,000	72,703,000	74,495,000	72,017,000	72,329,000	69,341,000	74,807,000	76,580,000	74,416,000	67,540,000	62,234,000	67,127,000	64,952,000	59,936,000	85,122,000	96,866,000	59,913,000	62,073,000	64,054,000	60,463,000	58,338,000	58,526,000	52,873,000	50,830,000	49,303,000	50,476,000	51,682,000	50,127,000	48,748,000	47,189,000	53,213,000	54,767,000	54,868,000	58,202,000	54,769,000	51,738,000	51,054,000	51,380,000	52,438,000	45,968,000	47,330,000	43,537,000	44,816,000	47,181,000	46,877,000
stock-based compensation expense	17,132,000	19,007,000	15,450,000	17,444,000	13,559,000	11,841,000	15,073,000	11,514,000	5,986,000	24,670,000	20,510,000	16,849,000	18,992,000	15,351,000	18,079,000	17,224,000	15,337,000	15,702,000	18,527,000	16,826,000	15,656,000	19,687,000	12,407,000	12,915,000	12,575,000	12,320,000	15,867,000	13,156,000	10,556,000	13,618,000	12,122,000	13,088,000	10,458,000	13,095,000	13,409,000	12,435,000	12,122,000	14,086,000	14,491,000	14,530,000	11,678,000	11,544,000	13,374,000	12,726,000	13,889,000	12,309,000	14,062,000	14,742,000	12,955,000	14,385,000	13,594,000	13,534,000	12,454,000
deferred income taxes	26,163,000	84,503,000	53,826,000	-3,834,000	-12,202,000	98,858,000	-8,919,000	-7,729,000	-8,975,000	32,772,000	10,755,000	-16,044,000	-11,250,000	46,640,000	-17,139,000	2,324,000	5,064,000	12,612,000	-5,027,000	6,502,000	-713,000	19,643,000	3,928,000	10,312,000	-7,003,000	-21,523,000	-2,332,000	7,483,000	1,300,000	34,912,000	263,000	-1,441,000	2,521,000	33,441,000	29,625,000	-29,704,000	-14,780,000	-25,394,000	-7,088,000	-2,206,000	-3,409,000	-28,152,000	9,659,000	-8,467,000	-11,577,000	28,827,000	-8,029,000	5,915,000	-7,917,000	20,464,000	1,542,000	-6,756,000	-7,793,000	1,596,000	10,190,000	-9,992,000	11,991,000	29,454,000	1,068,000	3,361,000	-272,000	-20,554,000	-10,564,000	10,628,000	1,836,000	-110,703,000	31,630,000	29,529,000	8,966,000
unrealized losses on derivative contracts	105,204,000	-10,692,000	76,398,000	193,945,000	270,794,000
other	24,891,000	23,703,000	34,763,000	24,489,000	18,272,000	23,084,000	18,285,000	15,312,000	19,923,000	27,610,000	20,980,000	32,350,000	22,347,000	28,186,000	26,397,000	42,192,000	24,043,000	18,468,000	26,193,000	29,328,000	22,027,000	70,847,000	15,312,000	11,907,000	15,404,000	23,040,000	10,269,000	15,620,000	8,497,000	14,845,000	8,221,000	5,157,000	9,055,000	17,162,000	33,711,000	14,906,000	11,512,000
changes in assets and liabilities, net of business acquisition:
accounts receivable—trade	-247,560,000	255,947,000	-146,572,000	62,637,000	-73,044,000	335,233,000	-297,726,000	350,366,000	-383,417,000	307,608,000	-366,185,000	97,459,000	-140,962,000	220,899,000	-278,280,000	208,837,000	-189,621,000	208,222,000	-311,809,000	111,044,000	-22,099,000	220,112,000	-287,443,000	164,880,000	-153,086,000	280,709,000	-295,856,000	155,390,000	-99,991,000	220,778,000	-313,057,000	110,746,000	-9,882,000	154,570,000	-325,375,000	178,322,000	-14,398,000	178,238,000	-276,074,000	63,886,000	55,046,000
inventories	-4,244,000	311,694,000	131,557,000	-369,328,000	-207,243,000	41,155,000	155,798,000	-330,177,000	202,055,000	10,957,000	33,796,000	-198,643,000	-3,263,000	14,462,000	18,646,000	-182,751,000	-37,320,000	60,321,000	30,104,000	-122,291,000	53,323,000	1,000	42,477,000	-166,489,000	-27,907,000	153,320,000	-1,440,000	-166,664,000	-6,410,000	99,155,000	35,189,000	-135,824,000	-11,266,000	121,105,000	-1,750,000	-141,033,000	-49,726,000	97,186,000	27,766,000	-91,575,000	-19,412,000	54,113,000	57,709,000	-138,993,000	79,220,000	76,708,000	-19,292,000	-177,527,000	31,614,000	106,494,000	17,553,000	-148,145,000	-2,181,000		85,913,000	-148,851,000	-21,364,000	10,202,000	-7,331,000	-128,504,000	10,302,000	46,352,000	-5,146,000	-130,774,000	75,658,000	56,106,000	84,787,000	-73,238,000	6,345,000
prepaid expenses and other current assets	-135,733,000	78,208,000	215,936,000	-108,523,000	-339,155,000	-37,616,000	38,744,000	-79,522,000	-11,415,000	-9,507,000	-8,480,000	-4,285,000	-172,000	26,058,000	-36,977,000	7,663,000	-11,251,000	-3,289,000	-2,524,000	-13,840,000	28,272,000	-5,136,000	-8,101,000	19,643,000	-3,913,000	17,138,000	-21,720,000	26,915,000	-8,740,000	19,283,000	-33,216,000	-33,275,000	7,309,000	51,795,000	6,581,000	-8,930,000	-31,232,000
accounts payable and accrued liabilities	21,215,000	-290,147,000	70,958,000	47,044,000	335,640,000	-90,267,000	99,224,000	76,278,000	-56,334,000	-77,944,000	148,449,000	-36,325,000	16,054,000	-31,751,000	124,895,000	25,308,000	98,027,000	-36,714,000	109,684,000	23,662,000	-56,900,000	-90,795,000	151,569,000	-19,940,000	636,000	-67,068,000	141,966,000	-30,999,000	-2,798,000	-98,587,000	160,389,000	-15,431,000	-146,623,000	-37,580,000	158,624,000	-49,340,000	-124,664,000	87,576,000	-38,936,000	-14,656,000	-106,279,000	54,873,000	69,856,000	-1,161,000	-124,585,000	9,206,000	117,782,000
accrued income taxes	119,049,000	-76,674,000	-3,905,000	82,600,000	80,174,000	-155,596,000	74,948,000	-83,982,000	147,537,000	-115,708,000	86,901,000	-177,875,000	174,201,000	-119,960,000	73,038,000	-75,331,000	127,258,000	-121,918,000	23,919,000	-36,360,000	104,677,000	-94,128,000	12,801,000	-6,094,000	71,263,000	-49,415,000	55,370,000	-71,781,000	56,282,000	-50,130,000	71,619,000	-28,152,000	82,231,000	-89,876,000	93,487,000	-151,417,000	76,779,000
contributions to pension and other benefit plans	-3,337,000	-5,689,000	-3,435,000	-3,417,000	-3,126,000	-5,499,000	-4,632,000	-3,060,000	-2,408,000	-6,508,000	-6,300,000	-8,241,000	-6,532,000	-61,908,000	-2,308,000	-5,873,000	-8,458,000	-12,524,000	-29,238,000	-4,325,000	-5,013,000	567,000	-3,905,000	-4,224,000	-4,109,000	-6,275,000	-4,940,000	-4,258,000	-4,661,000	841,000	-12,626,000	-6,630,000	-7,449,000										-34,523,000	-5,357,000	-5,307,000		-28,801,000	-5,954,000	-6,691,000		-34,901,000	-7,135,000	-6,114,000
other assets and liabilities	-22,081,000	53,269,000	-7,163,000	-17,393,000	-30,754,000	-48,775,000	4,419,000	6,851,000	-10,844,000	2,872,000	-84,637,000	3,235,000	598,000	15,961,000	-16,931,000	-6,537,000	-3,718,000	30,425,000	-17,678,000	15,324,000	-7,249,000	-1,277,000	9,044,000	-3,945,000	-15,820,000	11,482,000	8,419,000	5,844,000	-1,437,000	-4,698,000	15,903,000	-3,810,000	-9,866,000	67,155,000	-29,696,000	3,789,000	8,513,000	12,426,000	54,143,000	-115,859,000	65,733,000	81,406,000	24,773,000	17,854,000	19,784,000	-94,655,000	126,129,000	-104,902,000	16,768,000	68,889,000	222,777,000	-147,143,000	95,955,000		197,345,000	-157,347,000	129,350,000	-110,164,000	20,678,000	-84,221,000	-32,102,000	47,158,000	135,284,000	-65,814,000	-102,851,000	140,148,000	187,399,000	-43,767,000	9,492,000
net cash from operating activities	468,806,000	926,553,000	841,916,000	112,216,000	396,682,000	941,602,000	695,254,000	325,606,000	569,134,000	757,649,000	515,733,000	294,411,000	755,397,000	767,643,000	446,421,000	457,306,000	656,467,000	679,167,000	386,065,000	408,012,000	609,640,000	604,391,000	481,219,000	367,954,000	246,093,000	770,486,000	314,059,000	349,368,000	329,960,000	707,132,000	289,979,000	250,825,000	352,057,000	623,616,000	290,165,000	101,272,000	234,462,000	560,936,000	75,441,000	89,983,000	257,115,000	626,592,000	106,916,000	224,546,000	256,402,000
capital expenditures	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-7,832,000	-9,992,000	-6,208,000	-5,949,000	-4,954,000
free cash flows	468,806,000	926,553,000	841,916,000	112,216,000	396,682,000	941,602,000	695,254,000	325,606,000	569,134,000	757,649,000	515,733,000	294,411,000	755,397,000	767,643,000	446,421,000	457,306,000	656,467,000	679,167,000	386,065,000	408,012,000	609,640,000	604,391,000	481,219,000	367,954,000	246,093,000	770,486,000	314,059,000	349,368,000	329,960,000	707,132,000	289,979,000	250,825,000	352,057,000	623,616,000	290,165,000	101,272,000	234,462,000	560,936,000	75,441,000	89,983,000	249,283,000	616,600,000	100,708,000	218,597,000	251,448,000
investing activities
capital additions	-114,598,000	-138,085,000	-85,922,000	-85,088,000	-145,527,000	-134,527,000	-127,958,000	-130,153,000	-213,304,000	-222,509,000	-218,095,000	-154,412,000	-176,093,000	-159,488,000	-119,033,000	-99,897,000	-141,063,000	-148,427,000	-119,843,000	-113,136,000	-114,471,000	-149,575,000	-106,267,000	-86,567,000	-99,217,000	-81,593,000	-60,329,000	-83,456,000	-92,814,000	-87,387,000	-105,295,000	-75,786,000	-60,133,000	-108,752,000	-64,236,000	-51,390,000	-33,297,000	-101,251,000	-64,116,000	-70,502,000	-33,607,000	-108,925,000	-79,332,000	-83,669,000	-57,781,000	-131,688,000	-77,750,000	-62,988,000	-73,521,000	-108,294,000	-63,522,000	-61,143,000	-90,592,000		-61,500,000	-51,001,000	-88,487,000	-72,755,000	-80,160,000	-93,560,000	-77,486,000	-70,969,000	-43,566,000	-34,400,000	-30,603,000	-31,859,000	-28,192,000	-33,301,000	-32,972,000
receipts related to equity investments in tax credit qualifying partnerships	3,648,000
other investing activities	-6,174,000	68,000	286,000	-1,578,000	-5,017,000	6,340,000	509,000	99,000	-321,000	-1,941,000	-2,364,000	-714,000	85,000	-2,091,000	3,564,000	6,566,000	-400,000	-590,000	6,000	593,000	2,530,000	-785,000	-5,139,000			-878,000
net cash from investing activities	-117,124,000	-896,535,000	-80,401,000	-154,795,000	-146,986,000	-410,990,000	-159,592,000	-162,163,000	-227,569,000	-463,133,000	-219,514,000	-327,712,000	-188,317,000	-277,400,000	-158,991,000	-187,019,000	-163,966,000	-1,383,089,000	-139,619,000	-563,115,000	-137,005,000	-190,026,000	-131,452,000	-99,133,000	-110,669,000	-82,839,000	-491,255,000	-94,763,000	-111,623,000	-530,655,000	92,041,000	-82,521,000	-981,759,000	-141,522,000	-80,905,000	-65,553,000	-40,684,000	-109,492,000	-81,373,000	-355,412,000	-49,177,000	-145,841,000	6,175,000	-88,524,000	-249,065,000
financing activities
net decrease in short-term debt	-48,001,000												-90,700,000				-65,640,000																																																		-17,878,000	-112,157,000	-125,252,000
long-term borrowings, net of debt issuance costs		0	0	-1,481,000	1,986,026,000					0	0											0	0
repayment of long-term debt and finance leases	-1,606,000	-1,752,000	-301,324,000	-301,520,000	-1,797,000	-301,883,000	-1,447,000	-1,461,000	-1,568,000	-1,869,000	-1,178,000	-751,180,000	-1,187,000	-1,420,000	-848,000	-1,423,000	-1,050,000	-1,415,000	-1,072,000	-351,094,000	-85,863,000	-351,331,000	-1,032,000	-351,018,000	-1,086,000	-1,256,000	-841,000	-919,000	-3,135,000
cash dividends paid	-287,997,000	-271,341,000	-271,130,000	-271,231,000	-271,594,000	-270,493,000	-270,383,000	-270,522,000	-273,404,000	-237,805,000	-237,720,000	-206,190,000	-207,356,000	-207,041,000	-207,005,000	-179,900,000	-181,084,000	-180,793,000	-180,890,000	-161,565,000	-162,739,000	-162,714,000	-163,739,000	-156,476,000	-157,803,000	-157,102,000	-157,727,000	-149,020,000	-146,463,000	-147,343,000	-147,299,000	-133,579,000	-134,300,000	-134,427,000	-135,717,000	-128,111,000	-128,017,000	-127,769,000	-128,567,000	-120,772,000	-122,367,000	-123,062,000	-124,108,000	-114,581,000	-114,381,000	-115,258,000	-115,250,000	-104,596,000	-105,310,000	-105,532,000	-105,374,000	-91,291,000	-91,604,000		-82,733,000	-83,561,000	-83,533,000	-75,692,000	-75,702,000	-76,066,000	-76,623,000	-70,832,000	-70,890,000	-70,806,000	-70,906,000	-65,998,000	-65,918,000	-65,758,000	-65,729,000
repurchase of common stock	-69,270,000					0	0	0	-494,191,000	-25,003,000	0	0	-239,910,000	-33,693,000	0	-151,921,000	-203,350,000	0	-23,600,000	-193,987,000	-240,359,000	0	0	-42,020,000	-169,176,000	-81,341,000	-191,441,000	-55,929,000	-198,500,000	-47,835,000	0	-21,592,000	-178,073,000	0	-200,320,000			-139,970,000	0	-148,630,000	-303,950,000	-15,143,000	-251,816,000	-8,991,000	-306,673,000	-34,112,000	-106,387,000	-164,723,000	-271,533,000	0	0	-101,520,000	-204,044,000		-279,215,000	0	-218,345,000	-26,865,000	-164,701,000	0	-192,949,000	-35,660,000	3,000	-69,290,000	-64,152,000	0	0	0	-9,314,000
proceeds from exercised stock options	14,998,000		10,318,000	4,202,000	2,738,000		5,501,000	4,182,000	4,103,000		2,233,000	6,827,000	15,194,000		9,054,000	5,059,000	16,711,000
taxes withheld and paid on employee stock awards	-10,968,000	-1,597,000	-985,000	-3,624,000	-12,573,000	-2,272,000	-534,000	-3,608,000	-26,404,000	-929,000	-1,127,000	-4,664,000	-28,289,000	-793,000	-782,000	-4,899,000	-29,041,000
net cash from financing activities	-402,844,000	-266,915,000	-513,950,000	-559,568,000	537,076,000	-449,532,000	-394,095,000	-231,219,000	-221,655,000	-363,886,000	-277,686,000	45,569,000	-552,248,000	-339,694,000	-320,626,000	-291,951,000	-463,454,000	356,690,000	3,865,000	-549,829,000	-491,862,000	-479,263,000	-315,823,000	-199,767,000	495,625,000	-498,631,000	115,906,000	-357,585,000	-341,145,000	-412,908,000	-24,143,000	-172,746,000	725,905,000	-378,049,000	-150,579,000	-58,266,000	-256,874,000	-484,205,000	90,363,000	230,634,000	-271,235,000	-467,771,000	-71,837,000	-139,053,000	-76,501,000
effect of exchange rate changes on cash and cash equivalents	2,279,000	-261,000	3,107,000	-760,000	-2,266,000	34,715,000	6,326,000	14,430,000	-1,408,000	20,000	6,558,000	-26,453,000	-18,375,000	-14,401,000	21,215,000	23,331,000	-20,258,000	982,000	-996,000	-1,109,000	-3,952,000	3,747,000	6,614,000	1,320,000	-18,671,000	1,610,000	-2,037,000	2,978,000	775,000	642,000	-1,442,000	-4,640,000	52,000	1,078,000	2,313,000	1,578,000	1,160,000	-3,605,000	-1,283,000	-978,000	2,726,000
net increase in cash and cash equivalents	-48,883,000		250,672,000	-602,907,000	784,506,000		147,893,000	-53,346,000	118,502,000	-69,350,000	25,091,000	-14,185,000	-3,543,000			1,667,000	8,789,000	-346,250,000	249,315,000	-706,041,000	-11,745,000	-61,902,000	40,558,000	70,535,000	601,534,000
cash and cash equivalents, beginning of period	925,859,000	0	0	0	730,746,000	0	0	0	401,902,000	0	0	0	463,889,000	0	0	0	329,266,000	0	0	0	1,143,987,000	0	0	0	493,262,000	0	0	0	587,998,000	0	0	0	380,179,000	0	0	0	296,967,000	0	0	0	346,529,000	0	0	0	374,854,000		0	0	1,118,508,000		0	0	728,272,000		0	0	693,686,000		0	0	884,642,000		0	0	253,605,000		0	0	37,103,000
cash and cash equivalents, end of period	876,976,000	-237,158,000	250,672,000	-602,907,000	1,515,252,000	115,795,000	147,893,000	-53,346,000	520,404,000	-69,350,000	25,091,000	-14,185,000	460,346,000	136,148,000	-11,981,000	1,667,000	338,055,000	-346,250,000	249,315,000	-706,041,000	1,132,242,000	-61,902,000	40,558,000	70,535,000	1,094,796,000	190,626,000	-63,327,000	-100,002,000	465,965,000	-235,789,000	356,435,000	-9,082,000	476,434,000	105,123,000	60,994,000	-20,969,000	235,031,000	-36,366,000	83,148,000	-35,773,000	285,958,000	2,616,000	41,254,000	-3,031,000	305,690,000		-85,513,000	-443,495,000	1,006,096,000		132,968,000	-161,736,000	730,096,000		-123,547,000	22,443,000	567,339,000		-497,958,000	38,031,000	752,266,000		-4,123,000	-54,716,000	303,786,000		90,485,000	-42,168,000	70,936,000
supplemental disclosure
interest paid	70,003,000	39,494,000	64,085,000	53,982,000	38,366,000	50,902,000	41,348,000	53,639,000	33,888,000	49,051,000	35,141,000	43,550,000	32,987,000	40,970,000	29,130,000	36,875,000	24,782,000	35,329,000	24,052,000	40,660,000	27,685,000	47,921,000	28,065,000	47,124,000	27,820,000	34,340,000	32,997,000	36,896,000	35,271,000	32,600,000	38,434,000	23,129,000	38,323,000	20,377,000	31,932,000	15,833,000	33,732,000	18,026,000	30,920,000	14,219,000	27,786,000	17,324,000	28,556,000	14,823,000	27,745,000	14,799,000	28,938,000	15,010,000	29,054,000	15,361,000	29,468,000	18,539,000	29,183,000		32,937,000	17,758,000	31,393,000	13,842,000	36,324,000	5,803,000	41,923,000	7,278,000	44,888,000	737,000	45,029,000	115,000	44,843,000	874,000	45,791,000
income taxes paid	24,394,000	30,058,000	45,069,000	26,571,000	38,918,000	21,461,000	14,808,000	134,246,000	31,284,000	39,445,000	35,353,000	216,865,000	12,279,000	30,597,000	17,836,000	162,865,000	10,023,000	75,436,000	60,657,000	124,728,000	14,350,000	50,277,000	93,581,000	57,526,000	14,107,000	75,310,000	25,835,000	108,189,000	28,733,000	23,873,000	24,571,000	57,581,000	12,817,000	80,420,000	5,656,000	258,224,000	7,532,000	118,959,000	67,079,000	209,927,000	29,574,000	112,316,000	42,538,000	196,227,000	17,845,000	105,543,000	12,248,000	250,473,000	16,054,000	133,597,000	49,532,000	190,699,000	74,000		15,406,000	210,663,000	7,583,000	68,324,000	30,293,000	178,006,000	15,692,000	114,316,000	35,052,000	172,004,000	29,576,000	111,452,000	31,596,000	92,527,000	16,655,000
goodwill impairment charges
write-down of equity investments						162,294,000	49,626,000	0	31,391,000	95,066,000	38,058,000			117,532,000	43,314,000	14,848,000	12,592,000	85,022,000	20,963,000	4,880,000	2,891,000	96,322,000	10,707,000	7,447,000	11,103,000	31,893,000	8,779,000	8,633,000	1,152,000	27,262,000	3,303,000	19,330,000	434,000	42,210,000	13,736,000			7,620,000	20,801,000	9,468,000	5,593,000	25,594,000
changes in assets and liabilities, net of business acquisitions and divestitures:
receipts (payments) related to equity investments in tax credit qualifying partnerships		-2,383,000	5,235,000	5,468,000	3,558,000
business acquisitions, net of cash and cash equivalents acquired										0	0							-1,181,572,000	-1,310,000							-699,000												0	0			0	0	298,000	-218,952,000	-33,818,000	-372,482,000	0	10,035,000
purchase of intangible assets		0	0
net increase in short-term debt		3,736,000	49,171,000	14,086,000	-1,165,724,000	124,239,000	-127,232,000	40,190,000	569,809,000	-100,041,000	-39,894,000			-100,081,000	-121,045,000			529,049,000	202,954,000	143,106,000	-6,079,000	28,361,000	-152,619,000	-641,273,000	807,290,000			-282,193,000	-28,990,000	-247,560,000	402,265,000	-1,195,716,000	1,686,816,000	-254,536,000	186,806,000	132,908,000	-146,604,000	25,034,000	-379,548,000	476,258,000	153,863,000	-326,131,000	82,873,000	-34,968,000	288,946,000	-263,837,000	362,342,000	10,864,000	8,146,000	61,437,000	6,538,000	4,896,000	-18,520,000		74,991,000	-13,499,000	108,629,000		2,424,000	9,988,000	670,000			-14,014,000	18,845,000
exercise of stock options																		9,849,000	6,473,000	13,711,000	3,178,000	6,421,000	1,567,000	1,144,000	16,400,000	5,478,000	73,929,000	126,826,000	34,573,000	29,869,000	25,232,000	6,338,000	1,884,000	9,756,000	-1,294,000	36,985,000	17,841,000	7,386,000	49,390,000	15,056,000	30,890,000	9,096,000	10,544,000	15,154,000	37,925,000	21,780,000	10,605,000	9,944,000	79,977,000	14,007,000	19,091,000	29,114,000	85,043,000		42,164,000	131,489,000	54,111,000	12,782,000	36,589,000	73,033,000	62,007,000	18,029,000	6,615,000	46,264,000	21,125,000	6,366,000	15,911,000	2,932,000	3,109,000
increase in cash and cash equivalents																										190,626,000	-63,327,000	-100,002,000	-122,033,000	-235,789,000	356,435,000	-9,082,000	96,255,000																-112,412,000				1,824,000								-132,376,000	639,695,000			50,181,000	134,352,000			33,833,000
unrealized gains on derivative contracts						-313,516,000	-9,142,000	78,440,000	-269,582,000
equity investments in tax credit qualifying partnerships						-207,303,000	-32,143,000	-32,109,000	-13,944,000	-238,683,000	945,000	-6,768,000	-12,309,000	-115,821,000	-43,522,000	-93,688,000	-22,503,000	-52,500,000	-18,472,000	-32,381,000	-25,064,000	-40,773,000	-20,046,000	-14,919,000	-11,473,000	-27,572,000	-22,388,000	-11,386,000	-18,884,000	-18,471,000	-5,143,000	-22,746,000	-6,281,000	-38,621,000	-17,562,000	-14,467,000	-7,948,000	-8,860,000	-18,632,000	-7,091,000	-9,672,000	-26,945,000
net income including noncontrolling interest														396,296,000	399,487,000	315,556,000	533,478,000	339,791,000	444,927,000	301,230,000	396,871,000	291,330,000	447,258,000	268,042,000	268,783,000	204,418,000	325,182,000	313,271,000	303,881,000	331,600,000	265,413,000	223,319,000	350,719,000
increase in cash and cash equivalents, including cash classified as held for sale																1,667,000	8,789,000	-346,250,000	249,315,000	-706,041,000	-23,179,000	-61,151,000	40,558,000	70,374,000	612,378,000
less: decrease in cash and cash equivalents classified as held for sale																		0	0	0	11,434,000
changes in assets and liabilities:
impairment of long-lived assets																							0	1,600,000	7,543,000		0				1,649,000				0	0	208,712,000
decrease in cash and cash equivalents, including cash classified as held for sale
less: increase in cash and cash equivalents classified as held for sale																						-751,000	0	161,000	-10,844,000
net decrease in cash and cash equivalents
impairment of long-lived and intangible assets
proceeds from sales of property, plant and equipment and other long-lived assets																									21,000	27,903,000	74,000	79,000	75,000	3,107,000	30,529,000
proceeds from sales of businesses, net of cash and cash equivalents divested																														-4,902,000
repayment of tax receivable obligation																														0	0	-29,500,000	-42,500,000
long-term borrowings																										984,502,000	96,000	3,650,000	1,370,000	-46,000	-30,000							30,000				0	597,467,000	620,000	944,000	1,703,000	1,270,000	0	78,000	-172,000	982,000	248,242,000	1,543,000		1,673,000	0	49,000	248,648,000	0			348,081,000
increase in short-term debt
gain on settlement of sgm liability																																						0	0	0	-26,650,000
repayment of long-term debt																														7,000	-304,311,000	1,382,000	-607,922,000		-54,000	-56,000	-94,000	-250,000,000				-4,404,000	-350,382,000	-332,000	-328,000	-367,000	-286,000	-396,000	-393,000	-339,000	-279,000	-250,102,000	-41,000		-96,264,000	-621,000	-1,513,000	-1,433,000	-251,584,000	-1,676,000	-1,496,000	-65,802,000	-1,924,000	-1,989,000	-1,833,000	-1,778,000	-1,711,000	-3,202,000	-1,561,000
payment of sgm liability																																						0	0	0	-35,762,000
changes in assets and liabilities, net of business acquisition and divestitures:
business acquisition, net of cash and cash equivalents acquired																															0	0	-915,457,000
proceeds from sales of property, plant and equipment																																	112,000	5,851,000	893,000	304,000	561,000	619,000	1,375,000	-277,000	1,934,000	21,000	174,000	796,000	214,000	957,000	186,000	33,000	436,000	182,000	42,000	14,687,000	420,000		316,000			52,000	51,000	35,000	174,000	111,000	1,334,000	584,000	172,000	5,457,000	1,846,000	2,944,000	117,000
impairment of goodwill, indefinite and long-lived assets
loss on early extinguishment of debt																																										0
proceeds from sale of business																																										0	0	0	32,408,000
sale of short-term investments																																										0
net income including noncontrolling interests																																			274,013,000	202,727,000	98,248,000
changes in assets and liabilities, net of business acquisitions:
contributions to pension and other benefits plans																																			-38,434,000	-7,873,000	-11,576,000	869,000	-26,022,000	-7,705,000	-8,839,000
decrease in cash and cash equivalents																																			60,994,000	-20,969,000	-61,936,000	-36,366,000	83,148,000	-35,773,000	-60,571,000		41,254,000	-3,031,000	-69,164,000		-85,513,000				132,968,000				-123,547,000	22,443,000	-126,347,000		-497,958,000
excess tax benefits from stock-based compensation																																						-1,084,000	-6,165,000	-8,722,000	-6,091,000	-1,873,000	-1,855,000	-4,045,000	-17,066,000	-7,275,000	-3,257,000	-4,003,000	-38,962,000	-5,497,000	-5,961,000	-8,850,000	-28,088,000
goodwill and other intangible asset impairment charges
goodwill impairment
changes in assets and liabilities, net of effects from business acquisitions and divestitures:
purchase of noncontrolling interest																																										0
non-cash business realignment and impairment charges																																										0	26,415,000
capitalized software additions																																									-7,832,000	-9,992,000	-6,208,000	-5,949,000	-4,954,000	-6,835,000	-5,426,000	-6,595,000	-5,986,000	-14,297,000	-6,209,000	-3,735,000	-3,119,000		-4,671,000	-5,079,000	-3,240,000	-9,216,000	-5,457,000	-4,814,000	-4,119,000	-6,818,000	-5,279,000	-4,906,000	-4,946,000	-6,730,000	-4,873,000	-3,047,000	-4,496,000
loan to affiliate																																																		0	0				0	-7,000,000	-9,000,000
contributions from noncontrolling interest
payment of contingent consideration
accounts receivable - trade																																											-319,538,000	139,347,000	-5,965,000		-273,047,000	196,845,000	-140,912,000		-293,452,000	150,305,000	-55,210,000		-295,902,000	149,118,000	-91,631,000		-323,799,000	136,573,000	-43,458,000		-284,690,000	90,194,000	-855,000		-295,067,000	58,489,000	125,847,000
purchase of short-term investments																																														1,178,000	-1,093,000
contributions from noncontrolling interests																																														0	0	0	2,940,000			0	1,470,000
non-cash business realignment charges																																													4,934,000
adjustments to reconcile net income to net cash from operations:
payments to noncontrolling interests
cash and cash equivalents at january 1
cash and cash equivalents at december 31
cash flows from operating activities
adjustments to reconcile net income to net cash flows
provided by operating activities:
noncash trademark impairment charge
changes in assets and liabilities, net of effects from business acquisitions:
net cash flows from operating activities																																															215,501,000	-31,825,000	203,757,000
cash flows from investing activities
net cash flows from investing activities																																															-456,565,000	-166,766,000	-69,036,000
cash flows from financing activities
net cash flows from financing activities																																															155,551,000	-244,904,000	-247,133,000
accounts payable																																																	35,104,000	-49,360,000	68,449,000	825,000	-6,497,000		46,811,000	8,068,000	-16,673,000	-44,022,000	30,410,000	18,337,000	3,135,000	28,116,000	45,260,000	10,770,000	6,288,000	2,672,000	5,525,000	40,072,000	-11,041,000
in thousands of dollars
cash flows provided from (used by) operating activities
adjustments to reconcile net income to net cash provided from operations:
gain on sale of trademark licensing rights, net of tax of 5,962																																																										0
net cash provided from operating activities
cash flows provided from (used by) investing activities
proceeds from sale of trademark licensing rights																																																										0
business acquisitions																																																							0	0	-172,856,000
net cash (used by) investing activities
cash flows provided from (used by) financing activities
proceeds from lease financing agreement																																																										0
net cash (used by) financing activities
cash and cash equivalents as of january 1
cash and cash equivalents as of december 31
adjustments to reconcile net income to net cash
provided from operations:
net cash flows provided from operating activities																																																			274,268,000	56,266,000	293,180,000		291,749,000	38,356,000	275,802,000		-29,463,000	127,314,000	159,378,000		123,351,000	83,662,000	181,186,000		189,367,000	169,005,000	277,176,000
net cash flows used by investing activities																																																			-69,689,000	-66,191,000	-93,291,000
contributions from (net payments to) noncontrolling interests
net cash flows used by financing activities																																																			-71,611,000	-151,811,000	-198,065,000
stock-based compensation and excess tax benefits
gain on sale of trademark licensing rights, net of tax
working capital
changes in other assets and liabilities
l
stock-based compensation expense, net of tax of 13,115 and 10,963, respectively
excess tax benefits from exercise of stock options																																																							-4,341,000	-13,283,000	-10,566,000		-2,444,000	-3,299,000	-3,818,000	-695,000	1,514,000	-911,000	-1,293,000	-1,453,000	-1,933,000	-416,000	-653,000
business realignment and impairment charges, net of tax of 24,843 and 8,104, respectively
contributions to pension plans																																																							-2,853,000	-652,000	-1,113,000	-4,990,000	-1,276,000	-1,296,000	-1,299,000	-2,020,000	-1,358,000	-1,378,000	-1,317,000	-8,623,000	-43,808,000	-776,000	-1,250,000
proceeds from sales of trademark licensing rights
net payments to noncontrolling interests
stock-based compensation expense, net of tax of 8,486 and 8,730, respectively
business realignment and impairment charges, net of tax of 15,561 and 2,782, respectively
net cash flows (used by) investing activities																																																								-72,004,000	-264,583,000		-65,566,000	-98,339,000	-87,181,000		-47,511,000	-38,722,000	-35,377,000		-31,219,000	-33,404,000	-52,571,000
contributions from noncontrolling interests in subsidiaries																																																								0	1,470,000					0	931,000			0	0	0	7,322,000
net cash flows (used by) financing activities																																																								56,091,000	-137,566,000		-402,929,000	9,056,000	-204,573,000		-79,963,000	-99,656,000	-95,628,000		-67,663,000	-177,769,000	-190,772,000
stock-based compensation expense, net of tax of 4,164 and 5,520, respectively																																																									7,371,000
business realignment and impairment charges, net of tax of 8,653 and 3,594, respectively																																																									14,918,000
stock-based compensation expense, net of tax of 15,127, 17,413 and 19,223, respectively
business realignment and impairment charges, net of tax of 18,333, 20,635 and 38,308, respectively
net change in short-term borrowings
stock-based compensation expense, net of tax of 10,963 and 13,850, respectively
business realignment and impairment charges, net of tax of 8,104 and 17,618, respectively
business acquisition																																																											0	0	-5,750,000						0	0	-15,220,000
stock-based compensation expense, net of tax of 8,730 and 10,244, respectively
business realignment and impairment charges, net of tax of 2,782 and 15,909, respectively
stock-based compensation expense, net of tax of 5,520 and 5,017, respectively																																																													9,604,000
business realignment and impairment charges, net of tax of 3,594																																																													6,117,000
stock-based compensation expense, net of tax of 17,413, 19,223 and 13,265, respectively
business realignment and impairment charges, net of tax of 20,635, 38,308 and 61,553, respectively
proceeds from divestitures
stock-based compensation expense, net of tax of 13,850 and 15,793, respectively
business realignment and impairment charges, net of tax of 17,618 and 29,429, respectively
net (decrease) in short-term debt
stock-based compensation expense, net of tax of 10,244 and 11,270, respectively
business realignment and impairment charges, net of tax of 15,909 and 24,898, respectively
stock-based compensation expense, net of tax of 5,017 and 4,760, respectively																																																																	8,996,000
business realignment initiatives, net of tax of 8,874
stock-based compensation expense, net of tax of 19,223, 13,265 and 10,634, respectively
business realignment and impairment charges, net of tax of 38,308, 61,553 and 144,928, respectively
stock-based compensation expense, net of tax of 15,793 and 9,892, respectively
business realignment initiatives, net of tax of 29,429 and 33,529, respectively
proceeds from divestiture
stock-based compensation expense, net of tax of 11,270 and 6,546, respectively
business realignment initiatives, net of tax of 24,898 and 23,774, respectively
stock-based compensation expense, net of tax of 4,760 and 3,216, respectively																																																																					6,601,000
business realignment initiatives, net of tax of 8,874 and 10,003, respectively																																																																					10,098,000
stock-based compensation expense, net of tax of 13,265, 10,634 and 14,524, respectively
business realignment and impairment charges, net of tax of 61,553, 144,928 and 4,070, respectively

The Hershey Company(NYSE:HSY)

The Hershey Company
(NYSE:HSY)