Advance Auto Parts (AAP) 10-K 12 Mar 24 2023 FY Annual report Financial data

Cover Page

Cover Page - USD ($)	12 Months Ended
	Dec. 30, 2023	Mar. 05, 2024	Jul. 15, 2023
Cover [Abstract]
Entity Central Index Key	0001158449
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 30, 2023
Current Fiscal Year End Date	--12-30
Document Transition Report	false
Entity File Number	001-16797
Entity Registrant Name	ADVANCE AUTO PARTS, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	54-2049910
Entity Address, Address Line One	4200 Six Forks Road
Entity Address, City or Town	Raleigh
Entity Address, State or Province	NC
Entity Address, Postal Zip Code	27609
City Area Code	540
Local Phone Number	362-4911
Title of 12(b) Security	Common Stock, $0.0001 par value
Trading Symbol	AAP
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
ICFR Auditor Attestation Flag	true
Entity Public Float			$ 4,178,937,579
Entity Common Stock, Shares Outstanding		59,551,042
Documents Incorporated by Reference	Portions of the registrant’s definitive proxy statement for its 2024 Annual Meeting of Stockholders, to be held on May 22, 2024, are incorporated by reference into Part III of this Form 10-K.
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Amendment Flag	false
Document Financial Statement Error Correction [Flag]	true
Document Financial Statement Restatement Recovery Analysis [Flag]	true

Audit Information

Audit Information	12 Months Ended
	Dec. 30, 2023
Auditor [Line Items]
Auditor Name	Deloitte & Touche LLP
Auditor Location	Charlotte, North Carolina
Auditor Firm ID	34

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) shares in Thousands, $ in Thousands	Dec. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 503,471	$ 270,805
Receivables, net	800,141	684,048
Inventories	4,857,702	4,896,269
Other current assets	215,707	163,695
Total current assets	6,377,021	6,014,817
Property and equipment, net of accumulated depreciation of $2,857,726 and $2,590,382	1,648,546	1,690,139
Operating lease right-of-use assets	2,578,776	2,607,690
Goodwill	991,743	990,471
Intangible assets, net	593,341	620,901
Other assets	86,899	62,429
Total assets	12,276,326	11,986,447
Current liabilities:
Accounts payable	4,177,974	4,178,907
Accrued expenses	671,237	629,464
Long-term Debt, Current Maturities	0	185,000
Other current liabilities	458,194	427,480
Total current liabilities	5,307,405	5,420,851
Long-term debt	1,786,361	1,188,283
Non-current operating lease liabilities	2,215,766	2,278,318
Deferred income taxes	362,542	410,749
Other long-term liabilities	84,524	89,054
Commitments and Contingencies
Total liabilities	9,756,598	9,387,255
Stockholders' equity:
Preferred stock, nonvoting, $0.0001 par value, 10,000 shares authorized; no shares issued or outstanding	0	0
Common stock, voting, $0.0001 par value, 200,000 shares authorized; 0 shares issued and 0 outstanding at January 1, 2022 and 76,305 shares issued and 66,361 outstanding at January 2, 2021	8	8
Additional paid-in capital	$ 946,099	$ 897,560
Treasury stock (shares)	17,837	17,724
Treasury stock, at cost, 17,837 and 17,724 shares	$ (2,933,286)	$ (2,918,768)
Accumulated other comprehensive loss	(52,232)	(44,695)
Retained earnings	4,559,139	4,665,087
Total stockholders' equity	2,519,728	2,599,192
Liabilities and Stockholders' Equity, Total	$ 12,276,326	$ 11,986,447

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Dec. 30, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Accumulated depreciation	$ 2,857,726	$ 2,590,382
Preferred stock, non-voting, par value (in usd per share)	$ 0.0001	$ 0.0001
Preferred stock authorized (shares)	10,000,000	10,000,000
Preferred stock issued (shares)	0	0
Preferred stock outstanding (shares)	0	0
Common stock, voting, par value (in usd per share)	$ 0.0001	$ 0.0001
Common stock authorized (shares)	200,000,000	200,000,000
Common stock issued (shares)	77,349,000	76,989,000
Common stock outstanding (shares)	59,512,000	59,264,000
Treasury stock (shares)	17,837,000	17,724,000

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022
Net sales	$ 11,287,607	$ 11,154,722	$ 10,997,989
Cost of sales	6,764,105	6,222,487	6,074,039
Gross profit	4,523,502	4,932,235	4,923,950
Selling, general and administrative expenses	4,409,125	4,261,982	4,101,585
Operating income	114,377	670,253	822,365
Other, net:
Interest expense	(88,055)	(51,060)	(37,791)
Loss on early redemptions of senior unsecured notes	0	(7,408)	0
Other income (expense), net	5,525	(7,423)	(2,081)
Total other, net	(82,530)	(65,891)	(39,872)
Income before provision for income taxes	31,847	604,362	782,493
Provision for income taxes	2,112	139,960	185,878
Net Income	$ 29,735	$ 464,402	$ 596,615
Basic earnings per common share (in usd per share)	$ 0.50	$ 7.70	$ 9.32
Weighted average common shares outstanding	59,432	60,351	64,028
Diluted earnings per common share (in usd per share)	$ 0.50	$ 7.65	$ 9.25
Weighted average common shares outstanding	59,608	60,717	64,509

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022
Net income	$ 29,735	$ 464,402	$ 596,615
Other comprehensive income (loss):
Changes in net unrecognized other postretirement benefit costs, net of tax of $(29), $66 and $93	82	(186)	(264)
Currency translation adjustments	(7,619)	(17,450)	(59)
Total other comprehensive income (loss)	(7,537)	(17,636)	(323)
Comprehensive income	$ 22,198	$ 446,766	$ 596,292

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022
Statement of Comprehensive Income [Abstract]
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss) Arising During Period, Tax	$ (29)	$ 66	$ 93

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Treasury Stock, at cost	Accumulated Other Comprehensive (Loss) Income	Retained Earnings
Balance (in shares) at Jan. 02, 2021		66,361
Balance at Jan. 02, 2021	$ 3,536,961	$ 8	$ 783,709	$ (1,394,080)	$ (26,736)	$ 4,174,060
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	596,615					596,615
Total other comprehensive income (loss)	(323)				(323)
Restricted stock, restricted stock units and deferred stock units vested (in shares)		331
Share-based compensation	63,067		63,067
Stock issued under employee stock purchase plan	3,074		3,074
Stock issued under employee stock purchase plan (in shares)		23
Repurchase of common stock (in shares)		(4,710)
Repurchase of common stock	(906,208)			(906,208)
Cash dividends declared	(206,951)					(206,951)
Other (in shares)		(4)
Other	(4,443)		(4,443)
Balance (in shares) at Jan. 01, 2022		62,009
Balance at Jan. 01, 2022	3,081,792	$ 8	845,407	(2,300,288)	(27,059)	4,563,724
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	464,402					464,402
Total other comprehensive income (loss)	$ (17,636)				(17,636)
Issuance of shares upon the exercise of stock appreciation rights (in shares)	3
Restricted stock, restricted stock units and deferred stock units vested (in shares)		297
Issuance of shares upon the exercise of stock appreciation rights	$ 535		535
Share-based compensation	50,978		50,978
Stock issued under employee stock purchase plan	4,140		4,140
Stock issued under employee stock purchase plan (in shares)		25
Repurchase of common stock (in shares)		(3,070)
Repurchase of common stock	(618,480)			(618,480)
Cash dividends declared	(363,039)					(363,039)
Other (in shares)		0
Other	$ (3,500)		(3,500)
Balance (in shares) at Dec. 31, 2022	59,264	59,264
Balance at Dec. 31, 2022	$ 2,599,192	$ 8	897,560	(2,918,768)	(44,695)	4,665,087
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	48,323					48,323
Balance at Apr. 22, 2023	$ 2,562,720				(43,931)	4,623,832
Balance (in shares) at Dec. 31, 2022	59,264	59,264
Balance at Dec. 31, 2022	$ 2,599,192	$ 8	897,560	(2,918,768)	(44,695)	4,665,087
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	126,900					126,900
Balance at Jul. 15, 2023	$ 2,642,654				(36,707)	4,686,518
Balance (in shares) at Dec. 31, 2022	59,264	59,264
Balance at Dec. 31, 2022	$ 2,599,192	$ 8	897,560	(2,918,768)	(44,695)	4,665,087
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	64,862					64,862
Balance at Oct. 07, 2023	$ 2,566,336				(47,025)	4,609,318
Balance (in shares) at Dec. 31, 2022	59,264	59,264
Balance at Dec. 31, 2022	$ 2,599,192	$ 8	897,560	(2,918,768)	(44,695)	4,665,087
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	29,735					29,735
Total other comprehensive income (loss)	$ (7,537)				(7,537)
Issuance of shares upon the exercise of stock appreciation rights (in shares)	0
Restricted stock, restricted stock units and deferred stock units vested (in shares)		308
Share-based compensation	$ 45,647		45,647
Stock issued under employee stock purchase plan	3,892		3,892
Stock issued under employee stock purchase plan (in shares)		53
Repurchase of common stock (in shares)		(113)
Repurchase of common stock	(14,518)			(14,518)
Cash dividends declared	(135,683)					(135,683)
Other	$ (1,000)		(1,000)
Balance (in shares) at Dec. 30, 2023	59,512	59,512
Balance at Dec. 30, 2023	$ 2,519,728	$ 8	$ 946,099	$ (2,933,286)	(52,232)	4,559,139
Balance at Apr. 22, 2023	2,562,720				(43,931)	4,623,832
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	78,577					78,577
Balance at Jul. 15, 2023	2,642,654				(36,707)	4,686,518
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	(62,037)					(62,037)
Balance at Oct. 07, 2023	$ 2,566,336				$ (47,025)	$ 4,609,318

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022
Statement of Stockholders' Equity [Abstract]
Dividends declared per common share	$ 2.25	$ 6	$ 3.25

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022
Cash flows from operating activities:
Net income	$ 29,735	$ 464,402	$ 596,615
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	306,454	283,800	259,933
Share-based compensation	45,647	50,978	63,067
Loss and impairment of long-lived assets	857	3,581	8,949
Loss on early redemption of senior unsecured notes	0	7,408	0
Provision for deferred income taxes	47,782	(16,528)	(58,786)
Other, net	3,267	2,587	(7,985)
Net change in:
Receivables, net	(114,665)	67,147	(7,456)
Inventories	44,821	(229,643)	(124,139)
Accounts payable	(4,645)	227,774	291,042
Accrued expenses	115,673	(167,723)	102,345
Other assets and liabilities, net	(91,987)	9,732	(134,135)
Net cash provided by operating activities	287,375	736,571	1,107,022
Cash flows from investing activities:
Purchases of property and equipment	(242,411)	(424,061)	(289,639)
Purchase of intangible asset	0	(1,900)	0
Proceeds from sales of property and equipment	6,922	1,513	2,325
Net cash used in investing activities	(235,489)	(424,448)	(287,314)
Cash flows from financing activities:
Payments on senior unsecured notes	0	(201,081)	0
Borrowings under credit facilities	4,805,000	2,035,000	0
Payments on credit facilities	(4,990,000)	(1,850,000)	0
Proceeds from issuance of senior unsecured notes, net	599,571	348,618	0
Dividends paid	(209,293)	(336,230)	(160,925)
Repurchases of common stock	(14,518)	(618,480)	(906,208)
Other, net	(1,493)	1,469	3,021
Net cash provided by (used in) financing activities	189,267	(620,704)	(1,064,112)
Effect of exchange rate changes on cash	(8,487)	(8,664)	5,474
Net increase (decrease) in cash and cash equivalents	232,666	(317,245)	(238,930)
Cash and cash equivalents, beginning of period	270,805	588,050	826,980
Cash and cash equivalents, end of period	503,471	270,805	588,050
Supplemental cash flow information:
Interest paid	73,844	46,159	36,372
Income tax payments	98,792	94,605	177,317
Non-cash transactions:
Accrued purchases of property and equipment	$ 5,287	$ 8,927	$ 14,369

Nature of Operations and Basis

Nature of Operations and Basis of Presentation	12 Months Ended
	Dec. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations and Basis of Presentation	Nature of Operations and Basis of Presentation Description of Business Advance Auto Parts, Inc. and subsidiaries is a leading automotive aftermarket parts provider in North America, serving both professional installers (“professional”) and “do-it-yourself” (“DIY”) customers. The accompanying consolidated financial statements have been prepared by us and include the accounts of Advance Auto Parts, Inc., its wholly-owned subsidiaries, Advance Stores Company, Incorporated (“Advance Stores”) and Neuse River Insurance Company, Inc., and their subsidiaries (collectively referred to as “Advance,” “we,” “us” or “our”). As of December 30, 2023, we operated a total of 4,786 stores and 321 branches primarily within the United States, with additional locations in Canada, Puerto Rico and the U.S. Virgin Islands. In addition, as of December 30, 2023, we served 1,245 independently owned Carquest branded stores across the same geographic locations served by our stores and branches in addition to Mexico and various Caribbean islands. Our stores operate primarily under the trade names “Advance Auto Parts” and “Carquest,” and our branches operate under the “Worldpac” trade names. Accounting Period Our fiscal year ends on the Saturday closest to December 31 st . All references herein for the years 2023, 2022 and 2021 represent the fiscal years ended December 30, 2023, December 31, 2022 and January 1, 2022, respectively, and consisted of fifty-two weeks. Basis of Presentation The consolidated financial statements include the accounts of Advance prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). All intercompany balances and transactions have been eliminated in consolidation. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from those estimates. Revision of Previously Issued Financial Statements for Correction of Immaterial Errors During the forty weeks ended October 7, 2023, we identified errors impacting Cost of sales by $10.2 million and Selling, general and administrative (“SG&A”) expenses by $17.3 million. These charges were incurred in prior periods but not recorded and primarily related to product returns and vendor credits. During the twelve weeks ended December 30, 2023, we identified additional errors impacting Cost of sales, SG&A expenses and Other income (expense), net, of $52.7 million, $19.3 million and $1.7 million incurred in prior years but not previously recognized. These charges primarily related to product costs and vendor credits. We assessed the materiality of the errors, including the presentation on prior period consolidated financial statements, on a qualitative and quantitative basis in accordance with SEC Staff Accounting Bulletin No. 99, Materiality , codified in Accounting Standards Codification Topic 250, Accounting Changes and Error Corrections . We concluded that these errors and the related impacts did not result in a material misstatement of our previously issued consolidated financial statements as of and for the years ended December 31, 2022 and January 1, 2022 and our previously issued unaudited condensed consolidated interim financial statements as of and for the sixteen weeks ended April 22, 2023; the twelve and twenty-eight weeks ended July 15, 2023; and the twelve and forty weeks ended October 7, 2023. Correcting the cumulative effect of these errors in the fifty-two weeks ended December 30, 2023 would have had a significant effect on the results of operations for such periods. We have corrected the relevant prior periods of our consolidated financial statements and related footnotes for these and other immaterial errors for comparative purposes and will also correct previously reported financial information for such immaterial errors in future filings, as applicable. A summary of the corrections to the impacted financial statement line items from our previously issued financial statements are presented in Note 1 8 . Immaterial Misstatement of Prior Period Financial Statements .

Significant Accounting Policies

Significant Accounting Policies	12 Months Ended
	Dec. 30, 2023
Accounting Policies [Abstract]
Significant Accounting Policies	Significant Accounting Policies Cash and Cash Equivalents Cash and cash equivalents consist of cash in banks and highly-liquid instruments with original maturities of three months or less. Additionally, credit card and debit card receivables from banks, which generally settle in less than four business days, are included in cash equivalents. Inventory Our inventory consists primarily of parts, batteries, accessories and other products used on vehicles that have reasonably long shelf lives and is stated at the lower of cost or market. The cost of our merchandise inventory is primarily determined using the last-in, first-out (“LIFO”) method. Under the LIFO method, our cost of sales reflects the costs of the most recently purchased inventories, while the inventory carrying balance represents the costs relating to prices paid in 2023 and prior years. We regularly review inventory quantities on-hand, consider whether we may have excess or obsolete inventory based on our current approach for managing slower moving inventory and adjust the carrying value as necessary. In 2023, we performed a strategic and operational review of the business, which included the rationalization of product assortment and planned decisive actions. As a result, we made a change in our estimate of excess inventory reserves resulting in a $116.0 million charge to cost of sales. Vendor Incentives We receive incentives in the form of reductions to amounts owed to and/or payments from vendors related to volume rebates and other promotional considerations. Many of these incentives are under long-term agreements in excess of one year, while others are negotiated on an annual or more frequent basis. Advertising allowances provided as a reimbursement of specific, incremental and identifiable costs incurred to promote a vendor’s products are included as an offset to SG&A when the cost is incurred. Volume rebates and allowances that do not meet the requirements for offsetting in SG&A are recorded as a reduction to inventory as volume rebates and allowances are earned based on inventory purchases. Total deferred vendor incentives recorded as a reduction of Inventories were $67.9 million and $77.5 million as of December 30, 2023 and December 31, 2022. Property and Equipment Property and equipment are stated at cost less accumulated depreciation. Expenditures for maintenance and repairs are charged directly to expense when incurred; major improvements are capitalized. When items are sold or retired, the related cost and accumulated depreciation are removed from the account balances, with any gain or loss reflected in the Consolidated Statements of Operations. Costs incurred with the acquisition or development of software for internal use are capitalized and amortized over the expected useful life of the software, generally five years. Subsequent additions, modifications or upgrades are capitalized to the extent it enhances the software’s functionality. Capitalized software is classified in the Construction in progress category, but once placed into service is removed from Construction in progress and classified within the Furniture, fixtures and equipment category and is depreciated on the straight-line method over three Depreciation of land improvements, buildings, furniture, fixtures and equipment and vehicles is provided over the estimated useful lives of the respective assets using the straight-line method. Depreciation of building and leasehold improvements is provided over the shorter of the original useful lives of the respective assets or the term of the lease using the straight-line method. Goodwill and Other Indefinite-Lived Intangible Assets We perform our evaluation for the impairment of goodwill and other indefinite-lived intangible assets for our reporting units annually as of the first day of the fourth quarter, or when indications of potential impairment exist. These indicators would include a significant change in operating performance, the business climate, legal factors, competition, or a planned sale or disposition of a significant portion of the business, among other factors. Our evaluation of goodwill and other indefinite-lived intangibles may be a Step-0 analysis, which consists of a qualitative assessment, or a Step-1 analysis, which includes a quantitative assessment. In a Step-0 analysis, we assess qualitative factors such as current company performance and overall economic factors to determine if it is more-likely-than-not that the goodwill might be impaired and whether it is necessary to perform a quantitative goodwill impairment test. In the quantitative goodwill impairment test, we compare the carrying value of a reporting unit to its fair value. In performing a Step-1 analysis, we have historically used an income approach which requires many assumptions including forecast, discount rate, long-term growth rate, among other items. We have also utilized the market approach which derives metrics from comparable publicly-traded companies. We have generally engaged a third-party valuation firm to assist in the fair value assessment of goodwill. If the fair value of the reporting unit is lower than its carrying amount, goodwill is written down for the amount by which the carrying amount exceeds the reporting unit's fair value. Our other indefinite-lived intangible assets are tested for impairment at the asset group level. Other indefinite-lived intangible assets are evaluated by comparing the carrying amount of the asset to the future discounted cash flows that the asset is expected to generate. If the fair value based on the future discounted cash flows exceeds the carrying value, we conclude that no intangible asset impairment has occurred. If the carrying value of the indefinite-lived intangible asset exceeds the fair value, we recognize an impairment loss. We have three operating segments, defined as “Advance Auto Parts/Carquest U.S.,” “Carquest Canada” and “Worldpac”. As each operating segment represents a reporting unit, goodwill is assigned to each reporting unit. See Not e 4. Goodwill and Intangibles for additional information. Valuation of Long-Lived Assets We evaluate the recoverability of our long-lived assets, including finite-lived intangible assets, whenever events or changes in circumstances indicate that the carrying amount of an asset might not be recoverable and exceeds its fair value. When such an event occurs, we estimate the undiscounted future cash flows expected to result from the use of the long-lived asset or asset group and its eventual disposition. These impairment evaluations involve estimates of asset useful lives and future cash flows. If the undiscounted expected future cash flows are less than the carrying amount of the asset and the carrying amount of the asset exceeds its fair value, an impairment loss is recognized. When an impairment loss is recognized, the carrying amount of the asset is reduced to its estimated fair value based on quoted market prices or other valuation techniques (e.g., discounted cash flow analysis). Self-Insurance We are self-insured for general and automobile liability, workers’ compensation and health care claims of our team members, while maintaining stop-loss coverage with third-party insurers to limit our total liability exposure. Expenses associated with these liabilities are calculated for (i) claims filed, (ii) claims incurred but not yet reported and (iii) projected future claims using actuarial methods followed in the insurance industry as well as our historical claims experience. We include the current portion of self-insurance reserves in Accrued expenses and the long-term portion of self insurance reserves in Other long-term liabilities in the accompanying Consolidated Balance Sheets. Leases We lease certain store locations, distribution centers, office spaces, equipment and vehicles. We recognize lease expense on a straight-line basis over the initial term of the lease unless external economic factors exist such that renewals are reasonably certain. In those instances, the renewal period would be included in the lease term to determine the period in which to recognize the lease expense. Most leases require us to pay non-lease components, such as taxes, maintenance, insurance and other certain costs applicable to the leased asset. For leases related to our store locations, distribution centers, office spaces and vehicles, we account for lease and non-lease components as a single amount. Fair Value Measurements A three-level valuation hierarchy, based upon observable and unobservable inputs, is used for fair value measurements. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect market assumptions based on the best evidence available. These two types of inputs create the following fair value hierarchy: Level 1 - Quoted prices for identical instruments in active markets; Level 2 - Quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active and model-derived valuations whose significant inputs are observable; and Level 3 - Instruments whose significant inputs are unobservable. Financial instruments are transferred in and/or out of Level 1, 2 or 3 at the beginning of the accounting period in which there is a change in valuation inputs. Share-Based Payments We provide share-based compensation to our eligible team members and Board of Directors. We are required to exercise judgment and make estimates when determining the (i) fair value of each award granted and (ii) projected number of awards expected to vest. We calculate the fair value of all share-based awards at the date of grant and use the straight-line method to amortize this fair value as compensation cost over the requisite service period. Revenues Accounting Standards Codification 606, Revenue From Contracts With Customers (Topic 606) (“ASC 606”) defines a performance obligation as a promise in a contract to transfer a distinct good or service to the customer and is considered the unit of account. The majority of our contracts have one single performance obligation as the promise to transfer the individual goods is not separately identifiable from other promises in the contracts and is, therefore, not distinct. Discounts and incentives are treated as separate performance obligations. We allocate the contract’s transaction price to each of these performance obligations separately using explicitly stated amounts or our best estimate using historical data. In accordance with ASC 606, revenue is recognized at the time the sale is made at which time our walk-in customers take immediate possession of the merchandise or same-day delivery is made to our professional delivery customers, which include certain independently owned store locations. Payment terms are established for our professional delivery customers based on pre-established credit requirements. Payment terms vary depending on the customer and generally range from one to 30 days. Based on the nature of receivables, no significant financing components exist. For e-commerce sales, revenue is recognized either at the time of pick-up at one of our store locations or at the time of shipment depending on the customer's order designation. Sales are recorded net of discounts, sales incentives and rebates, sales taxes, and estimated returns and allowances. We estimate the reduction to Net sales and Cost of sales for returns based on current sales levels and our historical return experience. We provide assurance-type warranty coverage primarily on batteries, brakes and struts whereby we are required to provide replacement product at no cost or a reduced cost for a set period of time. We estimate our warranty obligation at the time of sale based on the historical return experience, sales level and cost of the respective product sold. To the extent vendors provide upfront allowances in lieu of accepting the obligation for warranty claims and the allowance is in excess of the related warranty expense, the excess is recorded as a reduction to cost of sales. Some of our products include a core component, which represents a recyclable piece of the auto part. If a customer purchases an auto part that includes a core component, the customer is charged for the core unless a used core is returned at the time of sale. Customers that return a core subsequent to the sale date will be refunded. The following table summarizes financial information for each of our product groups: Year Ended December 30, 2023 December 31, 2022 January 1, 2022 Percentage of Sales, by Product Group Parts and Batteries 65 % 66 % 67 % Accessories and Chemicals 19 20 20 Engine Maintenance 15 13 12 Other 1 1 1 Total 100 % 100 % 100 % Receivables, net, consists primarily of receivables from professional customers and is stated at net realizable value. We grant credit to certain professional customers who meet our pre-established credit requirements. We regularly review accounts receivable balances and maintain allowances for credit losses estimated whenever events or circumstances indicate the carrying value may not be recoverable. We consider the following factors when determining if collection is reasonably assured: customer creditworthiness, past transaction history with the customer, current economic and industry trends and changes in customer payment terms. We control credit risk through credit approvals, credit limits and accounts receivable and credit monitoring procedures. Cost of Sales Cost of sales includes actual product cost, warranty costs, vendor incentives, cash discounts on payments to vendors, costs associated with operating our distribution network, including payroll and benefits costs, occupancy costs and depreciation, in-bound freight-related costs from our vendors, impairment of inventory resulting from store closures and inventory-related reserves and costs associated with moving merchandise inventories from our distribution centers to stores, branch locations and customers. Selling, General and Administrative Expenses SG&A includes payroll and benefits costs for store and corporate team members; occupancy costs of store and corporate facilities; depreciation and amortization related to store and corporate assets; share-based compensation expense; advertising; self-insurance; costs of consolidating, converting or closing facilities, including early termination of lease obligations; severance and impairment charges; professional services and costs associated with our professional delivery program, including payroll and benefits costs; and transportation expenses associated with moving merchandise inventories from stores and branches to customer locations. Preopening Expenses Preopening expenses, which consist primarily of payroll and occupancy costs related to the opening of new stores, are expensed as incurred as a component of SG&A in the accompanying Consolidated Statements of Operations. Advertising Costs We expense advertising costs as incurred. Advertising expense, net of qualifying vendor promotional funds, was $151.8 million, $164.0 million and $178.0 million in 2023, 2022 and 2021. Foreign Currency Translation The assets and liabilities of our foreign operations are translated into U.S. dollars at current exchange rates. Revenues, expenses and cash flows are translated at average exchange rates for the year. Resulting translation adjustments are reflected as a separate component in the Consolidated Statements of Comprehensive Income. Foreign currency transactions, which are included in Other income (expense), net, were a loss of $3.4 million in 2023, loss of $4.8 million in 2022 and income of $1.7 million in 2021. Income Taxes We account for income taxes under the asset and liability method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements. Under the asset and liability method, deferred tax assets and liabilities are determined based on the differences between the financial statements and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. Deferred income taxes reflect the net income tax effect of temporary differences between the basis of assets and liabilities for financial reporting purposes and for income tax reporting purposes. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period of the enactment date. We recognize tax benefits and/or tax liabilities for uncertain income tax positions based on a two-step process. The first step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates that it is more-likely-than-not that the position will be sustained in an audit, including resolution of related appeals or litigation processes, if any. The second step requires us to estimate and measure the tax benefit as the largest amount that is more than 50% likely to be realized upon ultimate settlement. It is inherently difficult and subjective to estimate such amounts as we must determine the probability of various possible outcomes. We reevaluate these uncertain tax positions on a quarterly basis or when new information becomes available to management. The reevaluations are based on many factors, including but not limited to, changes in facts or circumstances, changes in tax law, successfully settled issues under audit, expirations due to statutes of limitations and new federal or state audit activity. Any change in either our recognition or measurement could result in the recognition of a tax benefit or an increase to the tax accrual. Earnings per Share Basic earnings per share of common stock has been computed based on the weighted average number of common shares outstanding during the period. Diluted earnings per share is calculated by including the effect of dilutive securities. Diluted earnings per share of common stock reflects the weighted average number of shares of common stock outstanding, outstanding deferred stock units and the impact of outstanding stock awards (collectively “share-based awards”) if the conversion of these awards are dilutive. Share-based awards containing performance conditions are included in the dilution impact as those conditions are met. Segment Information Operating segments are defined as components of an enterprise for which discrete financial information is available that is evaluated regularly by the chief operating decision maker (“CODM”) for purposes of allocating resources and evaluating financial performance. Our CODM, the Chief Executive Officer, reviews financial information presented on a consolidated basis, accompanied by information about our three operating segments, for the purpose of allocating resources and evaluating financial performance. We have one reportable segment as the three operating segments are aggregated primarily due to the economic and operational similarities of each operating segment as the stores and branches have similar characteristics, including the nature of the products and services offered, customer base and the methods used to distribute products and provide services to its customers. Recently Issued Accounting Pronouncements - Not Yet Adopted Disclosure Improvements In October 2023, the Financial Accounting Standards Board (“FASB”) issued an Accounting Standards Update (“ASU”) 2023-06, Disclosure Improvements (“ASU 2023-06”), which defers when companies will be required to improve and clarify disclosure and presentation requirements by June 2027. ASU 2023-06 applies to all entities subject to meeting the Securities and Exchange (“SEC”) disclosure requirements. These updates would require additional qualitative information to the Statement of Cash Flows, Earnings Per Share, Debt and Shareholder’s Equity disclosures. The related disclosures are effective for the fiscal year beginning after December 15, 2024. We are currently evaluating the impact of adopting ASU 2023-06 on our consolidated financial statements and related disclosures, and do not believe it will have a material impact on our consolidated financial statements. Improvements to Reportable Segment Disclosures In November 2023, the FASB issued ASU 2023-07, Improvements to Reportable Segment Disclosures (“ASU 2023-07”), which requires a company to disclose additional, more detailed information about a reportable segment’s significant expenses, even if there is one reportable segment, and is intended to improve the disclosures about a public entity’s reportable segments. The ASU is effective for fiscal years beginning after December 15, 2023, and for interim periods beginning after December 15, 2024, with early adoption permitted. We are currently evaluating the impact of the adoption of ASU 2023-07 and do not believe it will have a material impact on our consolidated financial statements and segment reporting. Income Tax Disclosure Improvements In December 2023, the FASB issued ASU 2023-09, Income Taxes (“ASU 2023-09”) , which requires a company to enhance their income tax disclosures. In each annual reporting period, the company should disclose the specific categories used in the rate reconciliation and additional information for reconciling items that meet a quantitative threshold, including disaggregation of taxes paid by jurisdiction. The related disclosures are effective for the fiscal year beginning after December 15, 2024. We are currently evaluating the impact of adopting ASU 2023-09 on our consolidated financial statements and related disclosures and do not believe it will have a material impact on our consolidated financial statements. Recently Issued Accounting Pronouncements - Adopted Supplier Finance Programs In September 2022, the FASB issued ASU 2022-04, Liabilities—Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations (“ASU 2022-04”), which requires a company to disclose sufficient qualitative and quantitative information about any supplier finance program in which it participates as a buyer. In each annual reporting period, the company should disclose the key terms of the program, including a rollforward of those obligations outstanding at the beginning of the period. ASU 2022-04 is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years, except for the requirement on rollforward information, which is effective for fiscal years beginning after December 15, 2023. The adoption of ASU 2022-04 on our consolidated financial statements and related disclosures does not have a material impact on our consolidated financial statements. Reference Rate Reform In March 2021, the FASB issued ASU 2022-06, Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848

Inventories

Inventories	12 Months Ended
	Dec. 30, 2023
Inventory, Net [Abstract]
Inventories	Inventories We used the LIFO method of accounting for approximately 91.4% of Inventories at December 30, 2023 and 92.4% of Inventories at December 31, 2022. As a result of changes in the LIFO reserve, we recorded a decrease to Cost of sales of $94.6 million in 2023 and an increase to Cost of sales of $311.8 million in 2022 and a decrease to Cost of sales of $122.3 million in 2021. Purchasing and warehousing costs included in Inventories as of December 30, 2023 and December 31, 2022 were $576.9 million and $635.9 million. Inventory balances were as follows: December 30, 2023 December 31, 2022 Inventories at first-in, first-out (“FIFO”) $ 5,041,752 $ 5,174,918 Adjustments to state inventories at LIFO (184,050) (278,649) Inventories at LIFO $ 4,857,702 $ 4,896,269

Goodwill and Intangible Assets

Goodwill and Intangible Assets	12 Months Ended
	Dec. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Other Intangible Assets, Net Goodwill At December 30, 2023 and December 31, 2022, the carrying amount of Goodwill in the accompanying Consolidated Balance Sheets was $991.7 million and $990.5 million. The change in Goodwill during 2023 and 2022 was $1.2 million and $3.3 million, and related to foreign currency translation. There has been no history of impairment of goodwill experienced to date. Other Intangible Assets, Net Amortization expense was $29.5 million, $31.0 million and $31.1 million for 2023, 2022 and 2021. A summary of the composition of the gross carrying amounts and accumulated amortization of acquired other intangible assets are presented in the following table: December 30, 2023 December 31, 2022 Gross Carrying Amount Accumulated Amortization Net Gross Carrying Amount Accumulated Amortization Net Amortized intangible assets: Customer relationships $ 350,092 $ (296,205) $ 53,887 $ 349,428 $ (267,806) $ 81,622 Non-compete and other 40,157 (38,575) 1,582 40,157 (38,051) 2,106 390,249 (334,780) 55,469 389,585 (305,857) 83,728 Indefinite-lived intangible assets: Brands, trademark and trade names 537,872 — 537,872 537,173 — 537,173 Total intangible assets $ 928,121 $ (334,780) $ 593,341 $ 926,758 $ (305,857) $ 620,901 Future Amortization Expense The expected amortization expense for the next five years and thereafter for acquired intangible assets recorded as of December 30, 2023 was as follows: Year Amount 2024 $ 28,164 2025 26,633 2026 380 2027 292 $ 55,469

Receivables, net

Receivables, net	12 Months Ended
	Dec. 30, 2023
Receivables [Abstract]
Receivables, net	Receivables, net, consisted of the following: December 30, 2023 December 31, 2022 Trade $ 558,953 $ 557,195 Vendor 257,847 133,023 Other 10,930 10,638 Total receivables 827,730 700,856 Less: allowance for credit losses (27,589) (16,808) Receivables, net $ 800,141 $ 684,048

Property and Equipment

Property and Equipment	12 Months Ended
	Dec. 30, 2023
Property, Plant and Equipment [Abstract]
Property And Equipment	Property and Equipment Property and equipment consisted of the following: Useful Lives December 30, 2023 December 31, 2022 Land and land improvements (1) 10 years $ 470,890 $ 471,349 Buildings 30 - 40 years 543,467 535,884 Building and leasehold improvements 3 - 15 years 800,621 722,006 Furniture, fixtures and equipment 3 - 20 years 2,563,043 2,398,818 Vehicles 3 years 14,539 14,549 Construction in progress 113,712 137,915 4,506,272 4,280,521 Less: Accumulated depreciation (2,857,726) (2,590,382) Property and equipment, net $ 1,648,546 $ 1,690,139 (1) Land is deemed to have an indefinite life.

Leases and Other Commitments

Leases and Other Commitments	12 Months Ended
	Dec. 30, 2023
Leases and Other Commitments [Abstract]
Leases and Other Commitments	Leases and Other Commitments Leases Substantially all of our leases are for facilities and vehicles. The initial term for facilities are typically five three Operating lease liabilities consisted of the following: December 30, 2023 December 31, 2022 Total operating lease liabilities $ 2,660,827 $ 2,692,861 Less: Current portion of operating lease liabilities (445,061) (414,543) Non-current operating lease liabilities $ 2,215,766 $ 2,278,318 The current portion of operating lease liabilities was included in Other current liabilities in the accompanying Consolidated Balance Sheets. Total lease cost was included in Cost of sales and SG&A in the accompanying Consolidated Statements of Operations and is recorded net of immaterial sublease income. Total lease cost comprised the following: Year Ended December 30, 2023 December 31, 2022 Operating lease cost $ 572,024 $ 563,959 Variable lease cost 177,504 171,621 Total lease cost $ 749,528 $ 735,580 The future maturity of lease liabilities are as follows: Year Amount 2024 $ 539,836 2025 582,552 2026 466,443 2027 383,426 2028 294,932 Thereafter 775,662 Total lease payments 3,042,851 Less: Imputed interest (382,024) Total operating lease liabilities $ 2,660,827 Operating lease liabilities included $30.0 million related to options to extend lease terms that are reasonably certain of being exercised and excluded $49.7 million of legally binding lease obligations for leases signed, but not yet commenced. The weighted average remaining lease term and weighted average discount rate for our operating leases were 6.5 years and 3.9% as of December 30, 2023. We calculated the weighted average discount rates using incremental borrowing rates, which equal the rates of interest that we would pay to borrow funds on a fully collateralized basis over a similar term. Other information relating to our lease liabilities were as follows: Year Ended December 30, 2023 December 31, 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 603,108 $ 624,484 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 447,988 $ 432,497 Other Commitments We have entered into certain arrangements which require the future purchase of goods or services. Our obligations primarily consist of payments for the purchase of hardware, software and maintenance. As of December 30, 2023, future payments of these arrangements were $133.0 million and were not accrued in our Consolidated Balance Sheet.

Accrued Expenses

Accrued Expenses	12 Months Ended
	Dec. 30, 2023
Payables and Accruals [Abstract]
Accrued Expenses	Accrued Expenses Accrued expenses consisted of the following: December 30, 2023 December 31, 2022 Payroll and related benefits $ 161,607 $ 155,441 Taxes payable 118,791 84,454 Self-insurance reserves 74,536 72,337 Inventory related accruals 68,188 43,025 Accrued rebates 51,656 42,415 Accrued professional services/legal 14,425 22,317 Capital expenditures 5,287 8,927 Other 176,747 200,548 Total accrued expenses $ 671,237 $ 629,464

Share Repurchase Program

Share Repurchase Program	12 Months Ended
	Dec. 30, 2023
Share Repurchase Program [Abstract]
Share Repurchase Program	. Share Repurchase Program In February 2022, our Board of Directors authorized an additional $1.0 billion toward the existing share repurchase program. Previously in April 2021 and November 2019, our Board of Directors authorized $1.0 billion and $700.0 million for our share repurchase program. Our share repurchase program permits the repurchase of our common stock on the open market and in privately negotiated transactions from time to time. The Board of Directors may increase or otherwise modify, renew, suspend or terminate the share repurchase program without prior notice. During 2023, we did not repurchase any shares of our common stock under our share repurchase program. We had $947.3 million remaining under our share repurchase program as of December 30, 2023. During 2022, we repurchased 3.0 million shares of our common stock at an aggregate cost of $598.2 million or an average price of $201.88 per share, under our share repurchase program.

Earnings per Share

Earnings per Share	12 Months Ended
	Dec. 30, 2023
Earnings Per Share [Abstract]
Earnings Per Share	Earnings per Share The computations of basic and diluted earnings per share were as follows: Year Ended December 30, 2023 December 31, 2022 January 1, 2022 Numerator Net income applicable to common shares $ 29,735 $ 464,402 $ 596,615 Denominator Basic weighted average common shares 59,432 60,351 64,028 Dilutive impact of share-based awards 176 366 481 Diluted weighted average common shares (1) 59,608 60,717 64,509 Basic earnings per common share $ 0.50 $ 7.70 $ 9.32 Diluted earnings per common share $ 0.50 $ 7.65 $ 9.25 (1) For 2023, 2022 and 2021, restricted stock units (“RSUs”) excluded from the diluted calculation as their inclusion would have been anti-dilutive were 299 thousand

Income Taxes

Income Taxes	12 Months Ended
	Dec. 30, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Provision for Income Taxes Provision for income taxes consisted of the following: Current Deferred Total 2023 Federal $ 20,363 $ (36,935) $ (16,572) State 6,137 (11,321) (5,184) Foreign 23,394 474 23,868 $ 49,894 $ (47,782) $ 2,112 2022 Federal $ 81,564 $ 12,609 $ 94,173 State 15,902 5,546 21,448 Foreign 25,966 (1,627) 24,339 $ 123,432 $ 16,528 $ 139,960 2021 Federal $ 83,979 $ 47,558 $ 131,537 State 22,927 10,240 33,167 Foreign 20,186 988 21,174 $ 127,092 $ 58,786 $ 185,878 The provision for income taxes differed from the amount computed by applying the federal statutory income tax rate due to: Year Ended December 30, 2023 December 31, 2022 January 1, 2022 Income before provision for income taxes at statutory U.S. federal income tax rate (21% for 2023, 2022 and 2021) $ 6,689 $ 126,730 $ 163,965 State income taxes, net of federal income tax (4,962) 16,222 27,517 Other, net 385 (2,992) (5,604) Provision for income taxes $ 2,112 $ 139,960 $ 185,878 Deferred Income Tax Assets (Liabilities) Temporary differences that give rise to significant deferred income tax assets (liabilities) were as follows: December 30, 2023 December 31, 2022 Deferred income tax assets: Accrued expenses not currently deductible for tax $ 22,377 $ 19,589 Share-based compensation 10,698 12,642 Accrued medical and workers compensation 9,704 13,666 Net operating loss carryforwards 3,273 3,577 Operating lease liabilities 670,030 678,432 Other, net 13,602 9,291 Total deferred income tax assets before valuation allowances 729,684 737,197 Less: Valuation allowance (5,179) (5,036) Total deferred income tax assets 724,505 732,161 Deferred income tax liabilities: Property and equipment (91,084) (125,651) Inventories (219,446) (226,499) Intangible assets (136,366) (137,464) Operating lease right-of-use assets (640,151) (653,296) Total deferred income tax liabilities (1,087,047) (1,142,910) Net deferred income tax liabilities $ (362,542) $ (410,749) As of December 30, 2023 and December 31, 2022, our net operating loss (“NOL”) carryforwards comprised state NOLs of $102.2 million and $108.9 million. These NOLs may be used to reduce future taxable income and expire periodically through 2039. Due to uncertainties related to the realization of these NOLs in certain jurisdictions, as well as other credits available to us, we have recorded a valuation allowance of $2.9 million as of December 30, 2023 and $3.0 million as of December 31, 2022. In addition, we recorded a $2.2 million valuation allowance on foreign tax credit carryforwards as of December 30, 2023. The amount of deferred income tax assets realizable could change in the future if projections of future taxable income change. We have not recorded deferred taxes when earnings from foreign operations are considered to be indefinitely invested outside of the U.S. As of December 30, 2023 and December 31, 2022, these accumulated net earnings generated by our foreign operations were $118.3 million and $98.7 million, which did not include earnings deemed to be repatriated as part of the U.S. Tax Cuts and Jobs Act. It is not practicable to determine the income tax liability that would be payable if such earnings were repatriated. Unrecognized Tax Benefits The following table summarizes the activity of our gross unrecognized tax benefits: December 30, 2023 December 31, 2022 January 1, 2022 Unrecognized tax benefits, beginning of period $ 15,211 $ 20,979 $ 26,967 Increases related to prior period tax positions 245 75 484 Decreases related to prior period tax positions — (261) (849) Increases related to current period tax positions 563 928 2,240 Settlements — (256) (2,993) Expiration of statute of limitations (4,829) (6,254) (4,870) Unrecognized tax benefits, end of period $ 11,190 $ 15,211 $ 20,979 As of December 30, 2023, December 31, 2022 and January 1, 2022, the entire amount of unrecognized tax benefits, if recognized, would reduce our annual effective tax rate of 6.6%, 23.2% and 23.8%. During 2023, 2022 and 2021, we recorded income tax-related interest and penalties of $0.2 million, $0.6 million and $0.7 million due to uncertain tax positions included in the Provision for income taxes in the accompanying Consolidated Statements of Operations. As of December 30, 2023 and December 31, 2022, we recorded a liability for potential interest of $2.5 million and $2.7 million and for potential penalties of $0.1 million for each year. We do not provide for any penalties associated with tax contingencies unless considered probable of assessment. We do not expect our unrecognized tax benefits to change significantly over the next 12 months. With few exceptions, we are no longer subject to U.S. federal, state and local or non-U.S. income tax examinations by tax authorities for years before 2020.

Contingencies

Contingencies	12 Months Ended
	Dec. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Contingencies	Contingencies Currently and from time to time, we are subject to litigation, claims and other disputes, including legal and regulatory proceedings, arising in the normal course of business. We record a loss contingency liability when a loss is considered probable and the amount can be reasonably estimated. Although the final outcome of pending legal matters cannot be determined, based on the facts presently known, it is management’s opinion that the final outcome of any pending matters will not have a material adverse effect on our consolidated financial position, results of operations or cash flows. Our Western Auto subsidiary, together with other defendants (including Advance and other of its subsidiaries), has been named as a defendant in lawsuits alleging injury as a result of exposure to asbestos-containing products. The plaintiffs have alleged that certain products contained asbestos and were manufactured, distributed and/or sold by the various defendants. Many of the cases pending against us are in the early stages of litigation. While the damages claimed against the defendants in some of these proceedings are substantial, we believe many of these claims are at least partially covered by insurance and historically asbestos claims against us have been inconsistent in fact patterns alleged and immaterial. We do not believe the cases currently pending will have a material adverse effect on our financial position, results of operations or cash flows. On October 9, 2023 and October 27, 2023, two putative class actions on behalf of purchasers of our securities who purchased or otherwise acquired their securities between November 16, 2022 and May 30, 2023, inclusive (the “Class Period”), were commenced against us and certain of our former officers in the United States District Court for the Eastern District of North Carolina. The plaintiffs allege that the defendants made certain false and materially misleading statements during the alleged Class Period in violation of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder. These cases were consolidated on February 9, 2024 and the matter is in preliminary stages. We strongly dispute the allegations and intend to defend the case vigorously. On January 17, 2024, a derivative shareholder complaint was commenced against our directors and certain former officers alleging derivative liability for the allegations made in the securities class action complaints noted above. This case is still in preliminary stages. We strongly dispute the allegations of the complaint and intend to defend the case vigorously.

Benefit Plans

Benefit Plans	12 Months Ended
	Dec. 30, 2023
Postemployment Benefits [Abstract]
Benefit Plans	Benefit Plans 401(k) Plan We maintain a defined contribution benefit plan, which covers substantially all team members after one year of service and who have attained the age of 21. The plan allows for team member salary deferrals, which are matched at our discretion. Company contributions to these plans were $26.3 million, $24.5 million and $27.3 million in 2023, 2022 and 2021. Deferred Compensation We maintain a non-qualified deferred compensation plan for certain team members. This plan provides for a minimum and maximum deferral percentage of the team member’s base salary and bonus as determined by the Retirement Plan Committee. We established and maintain a deferred compensation liability for this plan. As of December 30, 2023 and December 31, 2022, these liabilities were $14.3 million and $13.7 million and are included within Accrued Expenses in the Consolidated Balance Sheets.

Share-Based Compensation

Share-Based Compensation	12 Months Ended
	Dec. 30, 2023
Share-Based Payment Arrangement [Abstract]
Share-Based Compensation	Share-Based Compensation Overview We grant share-based compensation awards to our team members and members of our Board of Directors as provided for under our 2023 Omnibus Incentive Compensation Plan (“2023 Plan”), approved on May 24, 2023, which replaced our 2014 Long-Term Incentive Plan. In 2023, 2022 and 2021, we granted share-based compensation in the form of RSUs or deferred stock units (“DSUs”). Our grants, which have three methods of measuring fair value, generally include a time-based service or a performance-based or a market-based portion, which collectively represent the target award. In 2023 and 2022, we also granted options to purchase common stock to certain employees under our 2023 Plan. The options are granted at an exercise price equal to the closing market price of Advance's common stock on the date of the grant, expire after ten years and vest one-third annually over three years. We record compensation expense for the grant date fair value of the option awards evenly over the vesting period. At December 30, 2023, there were 2.4 million shares of common stock available for future issuance under the 2023 Plan based on management’s current estimate of the probable vesting outcome for performance-based awards. Shares forfeited become available for reissuance and are included in availability. Restricted Stock Units For time-based RSUs, the fair value of each award was determined based on the market price of our common stock on the date of grant. Time-based RSUs generally vest over a three-year period in equal annual installments beginning on the first anniversary of the grant date. During the vesting period, holders of RSUs are entitled to receive dividend equivalents, but are not entitled to voting rights. For performance-based RSUs, the fair value of each award was determined based on the market price of our common stock on the date of grant. Performance-based awards generally may vest following a three-year period subject to the achievement of certain financial goals as specified in the grant agreements. Depending on our results during the three-year performance period, the actual number of awards vesting at the end of the period generally ranges from 0% to 200% of the performance award. Performance-based RSUs generally do not have dividend equivalent rights and do not have voting rights until the shares are earned and issued following the applicable performance period. The number of performance-based awards outstanding is based on the number of awards that we believed were probable of vesting at December 30, 2023. There were 22 thousand performance-based RSUs granted during 2023. There were no performance-based RSUs granted during 2022 or 2021. The change in units based on performance represents the change in the number of granted awards expected to vest based on the updated probability assessment as of December 30, 2023. Compensation expense for performance-based awards of $6.4 million, $11.8 million and $22.8 million in 2023, 2022 and 2021 was determined based on management’s estimate of the probable vesting outcome. For market-based RSUs, the fair value of each award was determined using a Monte Carlo simulation model. The model uses multiple input variables that determined the probability of satisfying the market condition requirements as follows: 2023 2022 2021 Risk-free interest rate (1) 4.6 % 1.6 % 0.3 % Expected dividend yield — % — % — % Expected stock price volatility (2) 37.4 % 34.6 % 36.0 % (1) The risk-free interest rate is based on the U.S. Treasury constant maturity interest rate having a term consistent with the vesting period of the award. (2) Expected volatility is determined based on historical volatility over a matching look-back period and is consistent with the correlation coefficients between our stock prices and our peer group. Additionally, we estimated a liquidity discount of 12.2% using the Chaffe Model to adjust the fair value for the post-vest restrictions. Vesting of market-based RSUs depends on our relative total shareholder return among a designated group of peer companies during a three-year period and will be subject to a one-year holding period after vesting. The following table summarizes activity for time-based, performance-based and market-based RSUs in 2023: Time-Based Performance-Based Market-Based Number of Awards Weighted Average Number of Awards Weighted Average Number of Awards Weighted Average Nonvested at December 31, 2022 394 $ 180.41 105 $ 130.88 135 $ 191.72 Granted 627 $ 89.81 22 $ 135.13 73 $ 139.75 Change in units based on performance — $ — (15) $ 137.11 — $ — Vested (1) (195) $ 169.61 (112) $ 130.88 (30) $ 145.04 Forfeited (126) $ 139.70 — $ 130.03 (55) $ 173.13 Nonvested at December 30, 2023 700 $ 109.56 — $ — 123 $ 180.63 (1) The vested shares of market-based RSUs were not exercised due to low multiplier effect for 2020 awards. The following table summarizes certain information concerning activity for time-based, performance-based and market-based RSUs: Year Ended December 30, 2023 December 31, 2022 January 1, 2022 Time-based: Weighted average fair value of RSUs granted $ 89.81 $ 196.61 $ 183.41 Total grant date fair value of RSUs vested $ 33,125 $ 34,685 $ 34,555 Performance-based: Weighted average fair value of RSUs granted $ 135.13 $ — $ — Total grant date fair value of RSUs vested $ 14,711 $ 12,460 $ 7,987 Market-based: Weighted average fair value of RSUs granted $ 139.75 $ 205.52 $ 204.97 Total grant date fair value of RSUs vested $ 4,400 $ 3,695 $ 3,650 As of December 30, 2023, the maximum potential payout under our currently outstanding performance-based and market-based RSUs were 44 thousand and 255 thousand units. Stock Options In 2023, we granted 316 thousand stock options where the weighted average fair value of stock options granted was $28.97 per share. The fair value was estimated on the date of grant by applying the Black-Scholes-Merton option-pricing valuation model. The following table includes summary information for stock options as of December 30, 2023: Number of Awards Weighted Average Exercise Price Weighted Average Remaining Contractual Life (Years) Aggregate Intrinsic Value Outstanding at December 31, 2022 206 $ 190.75 Granted 316 $ 94.03 Exercised — $ — Forfeited (104) $ 162.54 Outstanding at December 30, 2023 417 $ 124.59 8.7 $ 529 Exercisable at December 30, 2023 80 $ 186.22 6.9 $ — The following table presents the range of the weighted-average assumptions used in determining the fair values of options granted: Year Ended December 30, 2023 Risk-free interest rate (1) 4.08% – 4.31% Expected life (2) 6 years Expected volatility (3) 35.1% – 42.9% Expected dividend yield (4) 1.45% – 4.05% (1) The risk-free interest rate is based on the yield in effect at grant for zero-coupon U.S. Treasury notes with maturities equivalent to the expected term of the stock options. (2) The expected term represents the period of time options granted are expected to be outstanding. As we do not have sufficient historical data, we utilized the simplified method provided by the Securities and Exchange Commission to calculate the expected term as the average of the contractual term and vesting period. (3) Expected volatility is the measure of the amount by which the stock price has fluctuated or is expected to fluctuate. We utilized historical trends and the implied volatility of our publicly traded financial instruments in developing the volatility estimate for our stock options. (4) The expected dividend yield is calculated based on our expected quarterly dividend and the three-month average stock price as of the grant date. Other Considerations Total income tax benefit related to share-based compensation expense for 2023, 2022 and 2021 was $11.0 million, $12.5 million and $15.2 million. As of December 30, 2023, there was $69.5 million of unrecognized compensation expense related to all share-based awards that is expected to be recognized over a weighted average period of 1.50 years. Deferred Stock Units We grant share-based awards annually to our Board of Directors in connection with our annual meeting of stockholders. These awards are granted in the form of DSUs as provided for in the Advance Auto Parts, Inc. Deferred Stock Unit Plan for Non-Employee Directors and Selected Executives (“DSU Plan”) . Each DSU is equivalent to one share of our common stock and will be distributed in common shares after the director’s service on the Board ends. DSUs granted vest over a one-year service period. Additionally, the DSU Plan provides for the deferral of compensation earned in the form of (i) an annual retainer for directors and (ii) wages for certain highly compensated team members. These DSUs are settled in common stock with the participants at a future date, or over a specified time period, as elected by the participants in accordance with the DSU Plan. We granted 74 thousand, nine thousand and ten thousand DSUs in 2023, 2022 and 2021. The weighted average fair value of DSUs granted during 2023, 2022 and 2021 was $66.60, $193.05 and $191.24. The DSUs were awarded at a price equal to the market price of our underlying common stock on the date of the grant. For 2023, 2022 and 2021, we recognized $3.4 million, $1.7 million and $1.6 million of share-based compensation expense for these DSU grants. Employee Stock Purchase Plan We also offer an employee stock purchase plan (“ESPP”). Under the ESPP, eligible team members may elect salary deferrals to purchase our common stock at a discount of 10% from its fair market value on the date of purchase. There are annual limitations on the amounts a team member may elect of either $25 thousand per team member or 10% of compensation, whichever is less. As of December 30, 2023, there were 2.5 million shares available to be issued under the ESPP.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	12 Months Ended
	Dec. 30, 2023
Stockholders' Equity Note [Abstract]
Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss Accumulated other comprehensive loss, net of tax, consisted of the following: Unrealized Gain (Loss) on Foreign Currency Translation Accumulated Other Comprehensive Balance, January 2, 2021 $ 1,170 $ (27,906) $ (26,736) 2021 activity (264) (59) (323) Balance, January 1, 2022 906 (27,965) (27,059) 2022 activity (186) (17,450) (17,636) Balance, December 31, 2022 720 (45,415) (44,695) 2023 activity 82 (7,619) (7,537) Balance, December 30, 2023 $ 802 $ (53,034) $ (52,232)

Valuation and Qualifying Accoun

Valuation and Qualifying Accounts	12 Months Ended
	Dec. 30, 2023
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]
Schedule II Valuation and Qualifying Accounts	Advance Auto Parts, Inc. Schedule II - Valuation and Qualifying Accounts (in thousands) Allowance for credit losses Balance at Beginning of Period Charges to Expenses Deductions (1) Balance at End of Period January 1, 2022 $ 11,929 $ 11,125 $ (12,892) $ 10,162 December 31, 2022 $ 10,162 $ 25,994 $ (19,348) $ 16,808 December 30, 2023 $ 16,808 $ 22,112 $ (11,331) $ 27,589 (1) Accounts written off during the period. These amounts did not impact our Statements of Operations for any year presented. Other valuation and qualifying accounts have not been reported in this schedule because they are either not applicable or because the information has been included elsewhere in this report.

Supplier Finance Program

Supplier Finance Program	12 Months Ended
	Dec. 30, 2023
Payables and Accruals [Abstract]
Supplier Finance Program	Supplier Finance Programs We maintain supply chain financing agreements with third-party financial institutions to provide our suppliers with enhanced receivables options. Through these agreements, our suppliers, at their sole discretion, may elect to sell their receivables due from us to the third-party financial institution at terms negotiated between the supplier and the third-party financial institution. We do not provide any guarantees to any third party in connection with these financing arrangements. Our obligations to our suppliers, including amounts due and scheduled payment terms, are not impacted, and no assets are pledged under the agreements. All outstanding amounts due to third-party financial institutions related to suppliers participating in such financing arrangements are recorded within Accounts payable and represent obligations outstanding under these supplier finance programs for invoices that were confirmed as valid and owed to the third-party financial institutions in our Consolidated Balance Sheets. As of December 30, 2023 and December 31, 2022, $3.4 billion and $3.1 billion of our Accounts payable Our confirmed obligations to suppliers participating in these financing arrangements consist of the following: December 30, 2023 Confirmed obligations outstanding at the beginning of the year $ 3,100,172 Invoices confirmed during the year 3,430,710 Confirmed invoices paid during the year (3,169,633) Confirmed obligations outstanding at the end of the year $ 3,361,249

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		4 Months Ended	6 Months Ended	9 Months Ended	12 Months Ended
	Oct. 07, 2023	Jul. 15, 2023	Apr. 22, 2023	Jul. 15, 2023	Oct. 07, 2023	Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022
Pay vs Performance Disclosure
Net Income (Loss)	$ (62,037)	$ 78,577	$ 48,323	$ 126,900	$ 64,862	$ 29,735	$ 464,402	$ 596,615

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Dec. 30, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 30, 2023
Accounting Policies [Abstract]
Accounting Period	Accounting Period Our fiscal year ends on the Saturday closest to December 31 st . All references herein for the years 2023, 2022 and 2021 represent the fiscal years ended December 30, 2023, December 31, 2022 and January 1, 2022, respectively, and consisted of fifty-two weeks.
Basis of Presentation	Basis of Presentation
Cash and Cash Equivalents	Cash and Cash Equivalents
Inventory	Inventory Our inventory consists primarily of parts, batteries, accessories and other products used on vehicles that have reasonably long shelf lives and is stated at the lower of cost or market. The cost of our merchandise inventory is primarily determined using the last-in, first-out (“LIFO”) method. Under the LIFO method, our cost of sales reflects the costs of the most recently purchased inventories, while the inventory carrying balance represents the costs relating to prices paid in 2023 and prior years. We regularly review inventory quantities on-hand, consider whether we may have excess or obsolete inventory based on our current approach for managing slower moving inventory and adjust the carrying value as necessary. In 2023, we performed a strategic and operational review of the business, which included the rationalization of product assortment and planned decisive actions. As a result, we made a change in our estimate of excess inventory reserves resulting in a $116.0 million charge to cost of sales.
Vendor Incentives	Vendor Incentives We receive incentives in the form of reductions to amounts owed to and/or payments from vendors related to volume rebates and other promotional considerations. Many of these incentives are under long-term agreements in excess of one year, while others are negotiated on an annual or more frequent basis. Advertising allowances provided as a reimbursement of specific, incremental and identifiable costs incurred to promote a vendor’s products are included as an offset to SG&A when the cost is incurred. Volume rebates and allowances that do not meet the requirements for offsetting in SG&A are recorded as a reduction to inventory as volume rebates and allowances are earned based on inventory purchases. Total deferred vendor incentives recorded as a reduction of Inventories were $67.9 million and $77.5 million as of December 30, 2023 and December 31, 2022.
Preopening Expenses	Preopening Expenses Preopening expenses, which consist primarily of payroll and occupancy costs related to the opening of new stores, are expensed as incurred as a component of SG&A in the accompanying Consolidated Statements of Operations.
Property and Equipment	Property and Equipment Property and equipment are stated at cost less accumulated depreciation. Expenditures for maintenance and repairs are charged directly to expense when incurred; major improvements are capitalized. When items are sold or retired, the related cost and accumulated depreciation are removed from the account balances, with any gain or loss reflected in the Consolidated Statements of Operations. Costs incurred with the acquisition or development of software for internal use are capitalized and amortized over the expected useful life of the software, generally five years. Subsequent additions, modifications or upgrades are capitalized to the extent it enhances the software’s functionality. Capitalized software is classified in the Construction in progress category, but once placed into service is removed from Construction in progress and classified within the Furniture, fixtures and equipment category and is depreciated on the straight-line method over three
Goodwill and Indefinite-Lived Intangible Assets	Goodwill and Other Indefinite-Lived Intangible Assets We perform our evaluation for the impairment of goodwill and other indefinite-lived intangible assets for our reporting units annually as of the first day of the fourth quarter, or when indications of potential impairment exist. These indicators would include a significant change in operating performance, the business climate, legal factors, competition, or a planned sale or disposition of a significant portion of the business, among other factors. Our evaluation of goodwill and other indefinite-lived intangibles may be a Step-0 analysis, which consists of a qualitative assessment, or a Step-1 analysis, which includes a quantitative assessment. In a Step-0 analysis, we assess qualitative factors such as current company performance and overall economic factors to determine if it is more-likely-than-not that the goodwill might be impaired and whether it is necessary to perform a quantitative goodwill impairment test. In the quantitative goodwill impairment test, we compare the carrying value of a reporting unit to its fair value. In performing a Step-1 analysis, we have historically used an income approach which requires many assumptions including forecast, discount rate, long-term growth rate, among other items. We have also utilized the market approach which derives metrics from comparable publicly-traded companies. We have generally engaged a third-party valuation firm to assist in the fair value assessment of goodwill. If the fair value of the reporting unit is lower than its carrying amount, goodwill is written down for the amount by which the carrying amount exceeds the reporting unit's fair value. Our other indefinite-lived intangible assets are tested for impairment at the asset group level. Other indefinite-lived intangible assets are evaluated by comparing the carrying amount of the asset to the future discounted cash flows that the asset is expected to generate. If the fair value based on the future discounted cash flows exceeds the carrying value, we conclude that no intangible asset impairment has occurred. If the carrying value of the indefinite-lived intangible asset exceeds the fair value, we recognize an impairment loss. We have three operating segments, defined as “Advance Auto Parts/Carquest U.S.,” “Carquest Canada” and “Worldpac”. As each operating segment represents a reporting unit, goodwill is assigned to each reporting unit. See Not e 4. Goodwill and Intangibles for additional information.
Valuation of Long-Lived Assets	Valuation of Long-Lived Assets
Self-Insurance	Self-Insurance
Leases	Leases We lease certain store locations, distribution centers, office spaces, equipment and vehicles. We recognize lease expense on a straight-line basis over the initial term of the lease unless external economic factors exist such that renewals are reasonably certain. In those instances, the renewal period would be included in the lease term to determine the period in which to recognize the lease expense. Most leases require us to pay non-lease components, such as taxes, maintenance, insurance and other certain costs applicable to the leased asset. For leases related to our store locations, distribution centers, office spaces and vehicles, we account for lease and non-lease components as a single amount.
Fair Value Measurements	Fair Value Measurements
Share-Based Payments	Share-Based Payments
Revenue Recognition	Revenues Accounting Standards Codification 606, Revenue From Contracts With Customers (Topic 606) (“ASC 606”) defines a performance obligation as a promise in a contract to transfer a distinct good or service to the customer and is considered the unit of account. The majority of our contracts have one single performance obligation as the promise to transfer the individual goods is not separately identifiable from other promises in the contracts and is, therefore, not distinct. Discounts and incentives are treated as separate performance obligations. We allocate the contract’s transaction price to each of these performance obligations separately using explicitly stated amounts or our best estimate using historical data. In accordance with ASC 606, revenue is recognized at the time the sale is made at which time our walk-in customers take immediate possession of the merchandise or same-day delivery is made to our professional delivery customers, which include certain independently owned store locations. Payment terms are established for our professional delivery customers based on pre-established credit requirements. Payment terms vary depending on the customer and generally range from one to 30 days. Based on the nature of receivables, no significant financing components exist. For e-commerce sales, revenue is recognized either at the time of pick-up at one of our store locations or at the time of shipment depending on the customer's order designation. Sales are recorded net of discounts, sales incentives and rebates, sales taxes, and estimated returns and allowances. We estimate the reduction to Net sales and Cost of sales for returns based on current sales levels and our historical return experience. We provide assurance-type warranty coverage primarily on batteries, brakes and struts whereby we are required to provide replacement product at no cost or a reduced cost for a set period of time. We estimate our warranty obligation at the time of sale based on the historical return experience, sales level and cost of the respective product sold. To the extent vendors provide upfront allowances in lieu of accepting the obligation for warranty claims and the allowance is in excess of the related warranty expense, the excess is recorded as a reduction to cost of sales.
Receivables	Receivables, net, consists primarily of receivables from professional customers and is stated at net realizable value. We grant credit to certain professional customers who meet our pre-established credit requirements. We regularly review accounts receivable balances and maintain allowances for credit losses estimated whenever events or circumstances indicate the carrying value may not be recoverable. We consider the following factors when determining if collection is reasonably assured: customer creditworthiness, past transaction history with the customer, current economic and industry trends and changes in customer payment terms. We control credit risk through credit approvals, credit limits and accounts receivable and credit monitoring procedures.
Cost of Sales	Cost of Sales Cost of sales includes actual product cost, warranty costs, vendor incentives, cash discounts on payments to vendors, costs associated with operating our distribution network, including payroll and benefits costs, occupancy costs and depreciation, in-bound freight-related costs from our vendors, impairment of inventory resulting from store closures and inventory-related reserves and costs associated with moving merchandise inventories from our distribution centers to stores, branch locations and customers.
Selling, General and Administrative Expenses	Selling, General and Administrative Expenses
Advertising Costs	Advertising Costs
Foreign Currency Translation	Foreign Currency Translation The assets and liabilities of our foreign operations are translated into U.S. dollars at current exchange rates. Revenues, expenses and cash flows are translated at average exchange rates for the year. Resulting translation adjustments are reflected as a separate component in the Consolidated Statements of Comprehensive Income. Foreign currency transactions, which are included in Other income (expense), net, were a loss of $3.4 million in 2023, loss of $4.8 million in 2022 and income of $1.7 million in 2021.
Income Taxes	Income Taxes We account for income taxes under the asset and liability method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements. Under the asset and liability method, deferred tax assets and liabilities are determined based on the differences between the financial statements and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. Deferred income taxes reflect the net income tax effect of temporary differences between the basis of assets and liabilities for financial reporting purposes and for income tax reporting purposes. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period of the enactment date. We recognize tax benefits and/or tax liabilities for uncertain income tax positions based on a two-step process. The first step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates that it is more-likely-than-not that the position will be sustained in an audit, including resolution of related appeals or litigation processes, if any. The second step requires us to estimate and measure the tax benefit as the largest amount that is more than 50% likely to be realized upon ultimate settlement. It is inherently difficult and subjective to estimate such amounts as we must determine the probability of various possible outcomes.
Earnings per Share	Earnings per Share
Segment Information	Segment Information Operating segments are defined as components of an enterprise for which discrete financial information is available that is evaluated regularly by the chief operating decision maker (“CODM”) for purposes of allocating resources and evaluating financial performance. Our CODM, the Chief Executive Officer, reviews financial information presented on a consolidated basis, accompanied by information about our three operating segments, for the purpose of allocating resources and evaluating financial performance.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements - Adopted Supplier Finance Programs In September 2022, the FASB issued ASU 2022-04, Liabilities—Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations (“ASU 2022-04”), which requires a company to disclose sufficient qualitative and quantitative information about any supplier finance program in which it participates as a buyer. In each annual reporting period, the company should disclose the key terms of the program, including a rollforward of those obligations outstanding at the beginning of the period. ASU 2022-04 is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years, except for the requirement on rollforward information, which is effective for fiscal years beginning after December 15, 2023. The adoption of ASU 2022-04 on our consolidated financial statements and related disclosures does not have a material impact on our consolidated financial statements. Reference Rate Reform In March 2021, the FASB issued ASU 2022-06, Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848

Significant Accounting Polici_3

Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 30, 2023
Accounting Policies [Abstract]
Revenue From External Customers By Products And Services	The following table summarizes financial information for each of our product groups: Year Ended December 30, 2023 December 31, 2022 January 1, 2022 Percentage of Sales, by Product Group Parts and Batteries 65 % 66 % 67 % Accessories and Chemicals 19 20 20 Engine Maintenance 15 13 12 Other 1 1 1 Total 100 % 100 % 100 %

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Dec. 30, 2023
Inventory, Net [Abstract]
Schedule Of Inventory	Inventory balances were as follows: December 30, 2023 December 31, 2022 Inventories at first-in, first-out (“FIFO”) $ 5,041,752 $ 5,174,918 Adjustments to state inventories at LIFO (184,050) (278,649) Inventories at LIFO $ 4,857,702 $ 4,896,269

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	12 Months Ended
	Dec. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule Of Indefinite-Lived Intangible Assets	A summary of the composition of the gross carrying amounts and accumulated amortization of acquired other intangible assets are presented in the following table: December 30, 2023 December 31, 2022 Gross Carrying Amount Accumulated Amortization Net Gross Carrying Amount Accumulated Amortization Net Amortized intangible assets: Customer relationships $ 350,092 $ (296,205) $ 53,887 $ 349,428 $ (267,806) $ 81,622 Non-compete and other 40,157 (38,575) 1,582 40,157 (38,051) 2,106 390,249 (334,780) 55,469 389,585 (305,857) 83,728 Indefinite-lived intangible assets: Brands, trademark and trade names 537,872 — 537,872 537,173 — 537,173 Total intangible assets $ 928,121 $ (334,780) $ 593,341 $ 926,758 $ (305,857) $ 620,901
Schedule Of Expected Amortization Expense	The expected amortization expense for the next five years and thereafter for acquired intangible assets recorded as of December 30, 2023 was as follows: Year Amount 2024 $ 28,164 2025 26,633 2026 380 2027 292 $ 55,469

Receivables, net (Tables)

Receivables, net (Tables)	12 Months Ended
	Dec. 30, 2023
Receivables [Abstract]
Schedule Of Accounts Receivable	Receivables, net, consisted of the following: December 30, 2023 December 31, 2022 Trade $ 558,953 $ 557,195 Vendor 257,847 133,023 Other 10,930 10,638 Total receivables 827,730 700,856 Less: allowance for credit losses (27,589) (16,808) Receivables, net $ 800,141 $ 684,048

Long-term Debt and Fair Value o

Long-term Debt and Fair Value of Financial Instruments (Tables)	12 Months Ended
	Dec. 30, 2023
Debt Disclosure [Abstract]
Schedule Of Debt	Long-term debt consisted of the following: December 30, 2023 December 31, 2022 5.90% Senior Unsecured Notes (net of unamortized discount and debt issuance costs of $1,631 at December 30, 2023) due March 9, 2026 $ 298,369 $ — 1.75% Senior Unsecured Notes (net of unamortized discount and debt issuance costs of $2,486 and $3,053 at December 30, 2023 and December 31, 2022) due October 1, 2027 347,514 346,947 5.95% Senior Unsecured Notes (net of unamortized discount and debt issuance costs of $1,884 at December 30, 2023) due March 9, 2028 298,116 — 3.90% Senior Unsecured Notes (net of unamortized discount and debt issuance costs of $3,851 and $4,438 at December 30, 2023, and December 31, 2022) due April 15, 2030 496,149 495,562 3.50% Senior Unsecured Notes (net of unamortized discount and debt issuance costs of $3,787 and $4,226 at December 30, 2023, and December 31, 2022) due March 15, 2032 346,213 345,774 Revolving credit facility (interest rate of 7.50% as of December 30, 2023) — 185,000 1,786,361 1,373,283 Less: Current portion of long-term debt — (185,000) Long-term debt, excluding the current portion $ 1,786,361 $ 1,188,283 Fair value of long-term debt $ 1,641,409 $ 1,021,396
Schedule Of Maturities Of Long-term Debt	As of December 30, 2023, the aggregate future annual maturities of long-term debt instruments were as follows: Year Amount 2024 $ — 2025 — 2026 300,000 2027 350,000 2028 300,000 Thereafter 850,000 $ 1,800,000

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Dec. 30, 2023
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Property and equipment consisted of the following: Useful Lives December 30, 2023 December 31, 2022 Land and land improvements (1) 10 years $ 470,890 $ 471,349 Buildings 30 - 40 years 543,467 535,884 Building and leasehold improvements 3 - 15 years 800,621 722,006 Furniture, fixtures and equipment 3 - 20 years 2,563,043 2,398,818 Vehicles 3 years 14,539 14,549 Construction in progress 113,712 137,915 4,506,272 4,280,521 Less: Accumulated depreciation (2,857,726) (2,590,382) Property and equipment, net $ 1,648,546 $ 1,690,139 (1) Land is deemed to have an indefinite life.

Leases and Other Commitments (T

Leases and Other Commitments (Tables)	12 Months Ended
	Dec. 30, 2023
Leases and Other Commitments [Abstract]
Schedule of Operating Lease Liabilities	Operating lease liabilities consisted of the following: December 30, 2023 December 31, 2022 Total operating lease liabilities $ 2,660,827 $ 2,692,861 Less: Current portion of operating lease liabilities (445,061) (414,543) Non-current operating lease liabilities $ 2,215,766 $ 2,278,318
Lease, Cost	Total lease cost comprised the following: Year Ended December 30, 2023 December 31, 2022 Operating lease cost $ 572,024 $ 563,959 Variable lease cost 177,504 171,621 Total lease cost $ 749,528 $ 735,580
Lessee, Operating Lease, Liability, Maturity	The future maturity of lease liabilities are as follows: Year Amount 2024 $ 539,836 2025 582,552 2026 466,443 2027 383,426 2028 294,932 Thereafter 775,662 Total lease payments 3,042,851 Less: Imputed interest (382,024) Total operating lease liabilities $ 2,660,827
Schedule of Other Information Relating to Lease Liabilities	Other information relating to our lease liabilities were as follows: Year Ended December 30, 2023 December 31, 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 603,108 $ 624,484 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 447,988 $ 432,497

Accrued Expenses (Tables)

Accrued Expenses (Tables)	12 Months Ended
	Dec. 30, 2023
Payables and Accruals [Abstract]
Schedule Of Accrued Liabilities	Accrued expenses consisted of the following: December 30, 2023 December 31, 2022 Payroll and related benefits $ 161,607 $ 155,441 Taxes payable 118,791 84,454 Self-insurance reserves 74,536 72,337 Inventory related accruals 68,188 43,025 Accrued rebates 51,656 42,415 Accrued professional services/legal 14,425 22,317 Capital expenditures 5,287 8,927 Other 176,747 200,548 Total accrued expenses $ 671,237 $ 629,464

Earnings per Share (Tables)

Earnings per Share (Tables)	12 Months Ended
	Dec. 30, 2023
Earnings Per Share [Abstract]
Schedule Of Earnings Per Share, Basic And Diluted	The computations of basic and diluted earnings per share were as follows: Year Ended December 30, 2023 December 31, 2022 January 1, 2022 Numerator Net income applicable to common shares $ 29,735 $ 464,402 $ 596,615 Denominator Basic weighted average common shares 59,432 60,351 64,028 Dilutive impact of share-based awards 176 366 481 Diluted weighted average common shares (1) 59,608 60,717 64,509 Basic earnings per common share $ 0.50 $ 7.70 $ 9.32 Diluted earnings per common share $ 0.50 $ 7.65 $ 9.25 (1) For 2023, 2022 and 2021, restricted stock units (“RSUs”) excluded from the diluted calculation as their inclusion would have been anti-dilutive were 299 thousand

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 30, 2023
Income Tax Disclosure [Abstract]
Provision For Income Taxes, Current And Deferred	Provision for income taxes consisted of the following: Current Deferred Total 2023 Federal $ 20,363 $ (36,935) $ (16,572) State 6,137 (11,321) (5,184) Foreign 23,394 474 23,868 $ 49,894 $ (47,782) $ 2,112 2022 Federal $ 81,564 $ 12,609 $ 94,173 State 15,902 5,546 21,448 Foreign 25,966 (1,627) 24,339 $ 123,432 $ 16,528 $ 139,960 2021 Federal $ 83,979 $ 47,558 $ 131,537 State 22,927 10,240 33,167 Foreign 20,186 988 21,174 $ 127,092 $ 58,786 $ 185,878
Schedule Of Effective Income Tax Rate Reconciliation	The provision for income taxes differed from the amount computed by applying the federal statutory income tax rate due to: Year Ended December 30, 2023 December 31, 2022 January 1, 2022 Income before provision for income taxes at statutory U.S. federal income tax rate (21% for 2023, 2022 and 2021) $ 6,689 $ 126,730 $ 163,965 State income taxes, net of federal income tax (4,962) 16,222 27,517 Other, net 385 (2,992) (5,604) Provision for income taxes $ 2,112 $ 139,960 $ 185,878
Schedule Of Deferred Tax Assets and Liabilities	Temporary differences that give rise to significant deferred income tax assets (liabilities) were as follows: December 30, 2023 December 31, 2022 Deferred income tax assets: Accrued expenses not currently deductible for tax $ 22,377 $ 19,589 Share-based compensation 10,698 12,642 Accrued medical and workers compensation 9,704 13,666 Net operating loss carryforwards 3,273 3,577 Operating lease liabilities 670,030 678,432 Other, net 13,602 9,291 Total deferred income tax assets before valuation allowances 729,684 737,197 Less: Valuation allowance (5,179) (5,036) Total deferred income tax assets 724,505 732,161 Deferred income tax liabilities: Property and equipment (91,084) (125,651) Inventories (219,446) (226,499) Intangible assets (136,366) (137,464) Operating lease right-of-use assets (640,151) (653,296) Total deferred income tax liabilities (1,087,047) (1,142,910) Net deferred income tax liabilities $ (362,542) $ (410,749)
Unrecognized Tax Benefits	he following table summarizes the activity of our gross unrecognized tax benefits: December 30, 2023 December 31, 2022 January 1, 2022 Unrecognized tax benefits, beginning of period $ 15,211 $ 20,979 $ 26,967 Increases related to prior period tax positions 245 75 484 Decreases related to prior period tax positions — (261) (849) Increases related to current period tax positions 563 928 2,240 Settlements — (256) (2,993) Expiration of statute of limitations (4,829) (6,254) (4,870) Unrecognized tax benefits, end of period $ 11,190 $ 15,211 $ 20,979

Share-Based Compensation (Table

Share-Based Compensation (Tables)	12 Months Ended
	Dec. 30, 2023
Share-Based Payment Arrangement [Abstract]
Schedule Of Share-based Payment Award Valuation Assumptions	For market-based RSUs, the fair value of each award was determined using a Monte Carlo simulation model. The model uses multiple input variables that determined the probability of satisfying the market condition requirements as follows: 2023 2022 2021 Risk-free interest rate (1) 4.6 % 1.6 % 0.3 % Expected dividend yield — % — % — % Expected stock price volatility (2) 37.4 % 34.6 % 36.0 % (1) The risk-free interest rate is based on the U.S. Treasury constant maturity interest rate having a term consistent with the vesting period of the award. (2) Expected volatility is determined based on historical volatility over a matching look-back period and is consistent with the correlation coefficients between our stock prices and our peer group.
Restricted Stock Units Activity	The following table summarizes activity for time-based, performance-based and market-based RSUs in 2023: Time-Based Performance-Based Market-Based Number of Awards Weighted Average Number of Awards Weighted Average Number of Awards Weighted Average Nonvested at December 31, 2022 394 $ 180.41 105 $ 130.88 135 $ 191.72 Granted 627 $ 89.81 22 $ 135.13 73 $ 139.75 Change in units based on performance — $ — (15) $ 137.11 — $ — Vested (1) (195) $ 169.61 (112) $ 130.88 (30) $ 145.04 Forfeited (126) $ 139.70 — $ 130.03 (55) $ 173.13 Nonvested at December 30, 2023 700 $ 109.56 — $ — 123 $ 180.63 (1) The vested shares of market-based RSUs were not exercised due to low multiplier effect for 2020 awards.
Restricted Stock Units Activity Additional Information	Year Ended December 30, 2023 December 31, 2022 January 1, 2022 Time-based: Weighted average fair value of RSUs granted $ 89.81 $ 196.61 $ 183.41 Total grant date fair value of RSUs vested $ 33,125 $ 34,685 $ 34,555 Performance-based: Weighted average fair value of RSUs granted $ 135.13 $ — $ — Total grant date fair value of RSUs vested $ 14,711 $ 12,460 $ 7,987 Market-based: Weighted average fair value of RSUs granted $ 139.75 $ 205.52 $ 204.97 Total grant date fair value of RSUs vested $ 4,400 $ 3,695 $ 3,650

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	12 Months Ended
	Dec. 30, 2023
Stockholders' Equity Note [Abstract]
Schedule Of Accumulated Other Comprehensive Income (Loss)	Accumulated other comprehensive loss, net of tax, consisted of the following: Unrealized Gain (Loss) on Foreign Currency Translation Accumulated Other Comprehensive Balance, January 2, 2021 $ 1,170 $ (27,906) $ (26,736) 2021 activity (264) (59) (323) Balance, January 1, 2022 906 (27,965) (27,059) 2022 activity (186) (17,450) (17,636) Balance, December 31, 2022 720 (45,415) (44,695) 2023 activity 82 (7,619) (7,537) Balance, December 30, 2023 $ 802 $ (53,034) $ (52,232)

Valuation and Qualifying Acco_2

Valuation and Qualifying Accounts (Tables)	12 Months Ended
	Dec. 30, 2023
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]
Allowance for doubtful accounts receivable	Allowance for credit losses Balance at Beginning of Period Charges to Expenses Deductions (1) Balance at End of Period January 1, 2022 $ 11,929 $ 11,125 $ (12,892) $ 10,162 December 31, 2022 $ 10,162 $ 25,994 $ (19,348) $ 16,808 December 30, 2023 $ 16,808 $ 22,112 $ (11,331) $ 27,589 (1) Accounts written off during the period. These amounts did not impact our Statements of Operations for any year presented.

Immaterial Restatement of Prior

Immaterial Restatement of Prior Period Financial Statements (Tables)	12 Months Ended
	Dec. 30, 2023
Accounting Changes and Error Corrections [Abstract]
Schedule of Error Corrections and Prior Period Adjustments	18. Immaterial Restatement of Prior Period Financial Statements As discussed in Note 1, we identified errors in our consolidated financial statements for fiscal years ended 2022 and 2021 and for the quarterly periods of 2023. A summary of the corrections, inclusive of adjustments discovered in the third and fourth quarters of 2023, are as follows (tables may not foot or cross foot due to rounding): Condensed Consolidated Balance Sheet January 1, 2022 As Previously Reported Adjustments As Corrected Assets Cash and cash equivalents $ 601,428 $ (13,378) $ 588,050 Receivables, net 782,785 (28,671) 754,114 Inventories, net 4,659,018 23,617 4,682,635 Total current assets 6,275,476 (18,432) 6,257,044 Total assets $ 12,194,209 $ (18,432) $ 12,175,777 Liabilities and Stockholders’ Equity Accounts payable $ 3,922,007 $ 44,567 $ 3,966,574 Accrued expenses 777,051 (2,902) 774,149 Total current liabilities 5,180,307 41,665 5,221,972 Deferred income taxes 410,606 (15,438) 395,168 Other long-term liabilities 103,034 1,840 104,874 Total liabilities 9,065,918 28,067 9,093,985 Accumulated other comprehensive loss (22,627) (4,432) (27,059) Retained earnings 4,605,791 (42,067) 4,563,724 Total stockholders’ equity 3,128,291 (46,499) 3,081,792 Total liabilities and stockholders’ equity $ 12,194,209 $ (18,432) $ 12,175,777 Condensed Consolidated Balance Sheet December 31, 2022 As Previously Reported Adjustments As Corrected Assets Cash and cash equivalents $ 269,282 $ 1,523 $ 270,805 Receivables, net 698,613 (14,565) 684,048 Inventories, net 4,915,262 (18,993) 4,896,269 Total current assets 6,046,852 (32,035) 6,014,817 Total assets $ 12,018,482 $ (32,035) $ 11,986,447 Liabilities and Stockholders’ Equity Accounts payable $ 4,123,462 $ 55,445 $ 4,178,907 Accrued expenses 634,447 (4,983) 629,464 Total current liabilities 5,370,389 50,462 5,420,851 Deferred income taxes 415,997 (5,248) 410,749 Other long-term liabilities 87,214 1,840 89,054 Total liabilities 9,340,201 47,054 9,387,255 Accumulated other comprehensive loss (45,143) 448 (44,695) Retained earnings 4,744,624 (79,537) 4,665,087 Total stockholders’ equity 2,678,281 (79,089) 2,599,192 Total liabilities and stockholders’ equity $ 12,018,482 $ (32,035) $ 11,986,447 Condensed Consolidated Balance Sheet April 22, 2023 As Previously Reported Adjustments As Corrected Assets Cash and cash equivalents $ 226,499 $ (2,619) $ 223,880 Receivables, net 782,093 (12,107) 769,986 Inventories, net 5,015,973 (14,816) 5,001,157 Other current assets 177,127 24,590 201,717 Total current assets 6,201,692 (4,952) 6,196,740 Total assets $ 12,182,238 $ (4,952) $ 12,177,286 Liabilities and Stockholders’ Equity Accounts payable $ 3,682,749 $ 72,249 $ 3,754,998 Accrued expenses 718,290 (352) 717,938 Total current liabilities 4,983,455 71,897 5,055,352 Deferred income taxes 422,984 (5,248) 417,736 Other long-term liabilities 85,762 1,840 87,602 Total liabilities 9,546,077 68,489 9,614,566 Accumulated other comprehensive loss (44,355) 424 (43,931) Retained earnings 4,697,697 (73,865) 4,623,832 Total stockholders’ equity 2,636,161 (73,441) 2,562,720 Total liabilities and stockholders’ equity $ 12,182,238 $ (4,952) $ 12,177,286 Condensed Consolidated Balance Sheet July 15, 2023 As Previously Reported Adjustments As Corrected Assets Cash and cash equivalents $ 277,064 $ (1,838) $ 275,226 Receivables, net 793,772 (11,081) 782,691 Inventories, net 5,067,467 (15,223) 5,052,244 Other current assets 188,169 22,988 211,157 Total current assets 6,326,472 (5,154) 6,321,318 Total assets $ 12,304,376 $ (5,154) $ 12,299,222 Liabilities and Stockholders’ Equity Accounts payable $ 3,780,215 $ 82,467 $ 3,862,682 Accrued expenses 685,191 (7,088) 678,103 Total current liabilities 5,026,378 75,379 5,101,757 Total liabilities 9,581,189 75,379 9,656,568 Accumulated other comprehensive loss (36,824) 117 (36,707) Retained earnings 4,767,168 (80,650) 4,686,518 Total stockholders’ equity 2,723,187 (80,533) 2,642,654 Total liabilities and stockholders’ equity $ 12,304,376 $ (5,154) $ 12,299,222 Condensed Consolidated Balance Sheet October 7, 2023 As Previously Reported Adjustments As Corrected Assets Cash and cash equivalents $ 317,528 $ (974) $ 316,554 Receivables, net 868,305 (5,045) 863,260 Inventories, net 4,949,382 (30,227) 4,919,155 Other current assets 185,249 36,475 221,724 Total current assets 6,320,464 229 6,320,693 Total assets $ 12,248,932 $ 229 $ 12,249,161 Liabilities and Stockholders’ Equity Accounts payable $ 3,943,019 $ 70,995 $ 4,014,014 Accrued expenses 714,317 9,766 724,083 Total current liabilities 5,135,939 80,761 5,216,700 Total liabilities 9,602,064 80,761 9,682,825 Accumulated other comprehensive loss (47,599) 574 (47,025) Retained earnings 4,690,424 (81,106) 4,609,318 Total stockholders’ equity 2,646,868 (80,532) 2,566,336 Total liabilities and stockholders’ equity $ 12,248,932 $ 229 $ 12,249,161 Condensed Consolidated Statement of Operations January 1, 2022 Year Ended As Previously Reported Adjustments As Corrected Cost of sales $ 6,069,241 $ 4,798 $ 6,074,039 Gross profit 4,928,748 (4,798) 4,923,950 Selling, general and administrative expenses 4,090,031 11,554 4,101,585 Operating income 838,717 (16,352) 822,365 Other (expense) income, net 4,999 (7,080) (2,081) Total other, net (32,792) (7,080) (39,872) Income before provision for income taxes 805,925 (23,432) 782,493 Provision for income taxes 189,817 (3,939) 185,878 Net income $ 616,108 $ (19,493) $ 596,615 Basic earnings per share $ 9.62 $ (0.30) $ 9.32 Diluted earnings per common share $ 9.55 $ (0.30) $ 9.25 Condensed Consolidated Statement of Operations December 31, 2022 Year Ended As Previously Reported Adjustments As Corrected Cost of sales $ 6,192,622 $ 29,865 $ 6,222,487 Gross profit 4,962,100 (29,865) 4,932,235 Selling, general and administrative expenses 4,247,949 14,033 4,261,982 Operating income 714,151 (43,898) 670,253 Other (expense) income, net (6,996) (427) (7,423) Total other, net (65,464) (427) (65,891) Income before provision for income taxes 648,687 (44,325) 604,362 Provision for income taxes 146,815 (6,855) 139,960 Net income $ 501,872 $ (37,470) $ 464,402 Basic earnings per share $ 8.32 $ (0.62) $ 7.70 Diluted earnings per common share $ 8.27 $ (0.62) $ 7.65 Condensed Consolidated Statement of Operations April 22, 2023 Sixteen Weeks Ended As Previously Reported Adjustments As Corrected Cost of sales $ 1,946,931 $ 8,735 $ 1,955,666 Gross profit 1,470,663 (8,735) 1,461,928 Selling, general and administrative expenses 1,380,664 (16,674) 1,363,990 Operating income 89,999 7,939 97,938 Income before provision for income taxes 59,607 7,939 67,546 Provision for income taxes 16,956 2,267 19,223 Net income $ 42,651 $ 5,672 $ 48,323 Basic earnings per share $ 0.72 $ 0.09 $ 0.81 Diluted earnings per common share $ 0.72 $ 0.09 $ 0.81 Condensed Consolidated Statement of Operations July 15, 2023 Twelve Weeks Ended Twenty-Eight Weeks Ended As Previously Reported Adjustments As Corrected As Previously Reported Adjustments As Corrected Cost of sales $ 1,537,997 $ 7,614 $ 1,545,611 $ 3,484,927 $ 16,350 $ 3,501,277 Gross profit 1,148,069 (7,614) 1,140,455 2,618,732 (16,350) 2,602,382 Selling, general and administrative expenses 1,013,701 794 1,014,495 2,394,365 (15,881) 2,378,484 Operating income 134,368 (8,408) 125,960 224,367 (469) 223,898 Income before provision for income taxes 115,183 (8,408) 106,775 174,789 (469) 174,320 Provision for income taxes 29,821 (1,623) 28,198 46,776 644 47,420 Net income $ 85,362 $ (6,785) $ 78,577 $ 128,013 $ (1,113) $ 126,900 Basic earnings per share $ 1.44 $ (0.12) $ 1.32 $ 2.16 $ (0.02) $ 2.14 Diluted earnings per common share $ 1.43 $ (0.11) $ 1.32 $ 2.15 $ (0.02) $ 2.13 Condensed Consolidated Statement of Operations October 7, 2023 Twelve Weeks Ended Forty Weeks Ended As Previously Reported Adjustments As Corrected As Previously Reported Adjustments As Corrected Cost of sales $ 1,732,420 $ 16,379 $ 1,748,799 $ 5,220,200 $ 29,877 $ 5,250,077 Gross profit 986,659 (16,379) 970,280 3,602,538 (29,877) 3,572,661 Selling, general and administrative expenses 1,030,355 878 1,031,233 3,407,445 2,272 3,409,717 Operating (loss) income (43,696) (17,257) (60,953) 195,093 (32,149) 162,944 (Loss) income before provision for income taxes (64,319) (17,257) (81,576) 124,894 (32,149) 92,745 Provision for income taxes (15,686) (3,853) (19,539) 34,649 (6,766) 27,883 Net (loss) income $ (48,633) $ (13,404) $ (62,037) $ 90,245 $ (25,383) $ 64,862 Basic (loss) earnings per share $ (0.82) $ (0.22) $ (1.04) $ 1.52 $ (0.43) $ 1.09 Diluted (loss) earnings per common share $ (0.82) $ (0.22) $ (1.04) $ 1.51 $ (0.42) $ 1.09 Condensed Consolidated Statement of Comprehensive Income January 1, 2022 Year Ended As Previously Reported Adjustments As Corrected Net income $ 616,108 $ (19,493) $ 596,615 Currency translation adjustments 4,396 (4,455) (59) Total other comprehensive income (loss) 4,132 (4,455) (323) Comprehensive income $ 620,240 $ (23,948) $ 596,292 Condensed Consolidated Statement of Comprehensive Income December 31, 2022 Year Ended As Previously Reported Adjustments As Corrected Net income $ 501,872 $ (37,470) $ 464,402 Currency translation adjustments (22,330) 4,880 (17,450) Total other comprehensive loss (22,516) 4,880 (17,636) Comprehensive income $ 479,356 $ (32,590) $ 446,766 Condensed Consolidated Statement of Comprehensive Income April 22, 2023 Sixteen Weeks Ended As Previously Reported Adjustments As Corrected Net income $ 42,651 $ 5,672 $ 48,323 Currency translation adjustments 591 (24) 567 Total other comprehensive loss 788 (24) 764 Comprehensive income $ 43,439 $ 5,648 $ 49,087 Condensed Consolidated Statement of Comprehensive Income July 15, 2023 Twelve Weeks Ended Twenty-Eight Weeks Ended As Previously Reported Adjustments As Corrected As Previously Reported Adjustments As Corrected Net income $ 85,362 $ (6,785) $ 78,577 $ 128,013 $ (1,113) $ 126,900 Currency translation adjustments 7,569 (307) 7,262 8,160 (331) 7,829 Total other comprehensive income 7,531 (307) 7,224 8,319 (331) 7,988 Comprehensive income $ 92,893 $ (7,092) $ 85,801 $ 136,332 $ (1,444) $ 134,888 Condensed Consolidated Statement of Comprehensive Income October 7, 2023 Twelve Weeks Ended Forty Weeks Ended As Previously Reported Adjustments As Corrected As Previously Reported Adjustments As Corrected Net (loss) income $ (48,633) $ (13,404) $ (62,037) $ 90,245 $ (25,383) $ 64,862 Currency translation adjustments (10,737) 457 (10,280) (2,577) 126 (2,451) Total other comprehensive loss (10,775) 457 (10,318) (2,456) 126 (2,330) Comprehensive (loss) income $ (59,408) $ (12,947) $ (72,355) $ 87,789 $ (25,257) $ 62,532 Condensed Consolidated Statements of Changes in Stockholders’ Equity Accumulated Other Retained Total Stockholders' Equity Fifty-Two Weeks As Previously Reported Balance at January 2, 2021 $ (26,759) $ 4,196,634 $ 3,559,512 Net income — 616,108 616,108 Total other comprehensive income 4,132 — 4,132 Balance at January 1, 2022 $ (22,627) $ 4,605,791 $ 3,128,291 Adjustments Balance at January 2, 2021 $ 23 $ (22,574) $ (22,551) Net Income — (19,493) (19,493) Total other comprehensive income (4,455) — (4,455) Balance at January 1, 2022 $ (4,432) $ (42,067) $ (46,499) As Corrected Balance at January 2, 2021 $ (26,736) $ 4,174,060 $ 3,536,961 Net income — 596,615 596,615 Total other comprehensive loss (323) — (323) Balance at January 1, 2022 $ (27,059) $ 4,563,724 $ 3,081,792 Condensed Consolidated Statements of Changes in Stockholders’ Equity Accumulated Other Retained Total Stockholders' Equity Fifty-Two Weeks As Previously Reported Balance at January 1, 2022 $ (22,627) $ 4,605,791 $ 3,128,291 Net income — 501,872 501,872 Total other comprehensive loss (22,516) — (22,516) Balance at December 31, 2022 $ (45,143) $ 4,744,624 $ 2,678,281 Adjustments Balance at January 1, 2022 $ (4,432) $ (42,067) $ (46,499) Net Income — (37,470) (37,470) Total other comprehensive loss 4,880 — 4,880 Balance at December 31, 2022 $ 448 $ (79,537) $ (79,089) As Corrected Balance at January 1, 2022 $ (27,059) $ 4,563,724 $ 3,081,792 Net income — 464,402 464,402 Total other comprehensive loss (17,636) — (17,636) Balance at December 31, 2022 $ (44,695) $ 4,665,087 $ 2,599,192 Condensed Consolidated Statements of Changes in Stockholders’ Equity Sixteen Weeks Ended April 22, 2023 Accumulated Other Retained Total Stockholders' Equity Sixteen Weeks As Previously Reported Balance at December 31, 2022 $ (45,143) $ 4,744,624 $ 2,678,281 Net income — 42,651 42,651 Total other comprehensive income 788 — 788 Balance at April 22, 2023 $ (44,355) $ 4,697,697 $ 2,636,161 Adjustments Balance at December 31, 2022 $ 448 $ (79,537) $ (79,089) Net income — 5,672 5,672 Total other comprehensive income (24) — (24) Balance at April 22, 2023 $ 424 $ (73,865) $ (73,441) As Corrected Balance at December 31, 2022 $ (44,695) $ 4,665,087 $ 2,599,192 Net income — 48,323 48,323 Total other comprehensive income 764 — 764 Balance at April 22, 2023 $ (43,931) $ 4,623,832 $ 2,562,720 Condensed Consolidated Statements of Changes in Stockholders’ Equity Twelve Weeks Ended July 15, 2023 Accumulated Other Retained Total Stockholders' Equity Twelve Weeks As Previously Reported Balance at April 22, 2023 $ (44,355) $ 4,697,697 $ 2,636,161 Net income — 85,362 85,362 Total other comprehensive income 7,531 — 7,531 Balance at July 15, 2023 $ (36,824) $ 4,767,168 $ 2,723,187 Adjustments Balance at April 22, 2023 $ 424 $ (73,865) $ (73,441) Net income — (6,785) (6,785) Total other comprehensive income (307) — (307) Balance at July 15, 2023 $ 117 $ (80,650) $ (80,533) As Corrected Balance at April 22, 2023 $ (43,931) $ 4,623,832 $ 2,562,720 Net income — 78,577 78,577 Total other comprehensive income 7,224 — 7,224 Balance at July 15, 2023 $ (36,707) $ 4,686,518 $ 2,642,654 Condensed Consolidated Statements of Changes in Stockholders’ Equity Twenty-Eight Weeks Ended July 15, 2023 Accumulated Other Retained Total Stockholders' Equity Twenty-Eight Weeks As Previously Reported Balance at Dec 31, 2022 $ (45,143) $ 4,744,624 $ 2,678,281 Net income — 128,013 128,013 Total other comprehensive income 8,319 — 8,319 Balance at July 15, 2023 $ (36,824) $ 4,767,168 $ 2,723,187 Adjustments Balance at Dec 31, 2022 $ 448 $ (79,537) $ (79,089) Net income — (1,113) (1,113) Total other comprehensive income (331) — (331) Balance at July 15, 2023 $ 117 $ (80,650) $ (80,533) As Corrected Balance at Dec 31, 2022 $ (44,695) $ 4,665,087 $ 2,599,192 Net income — 126,900 126,900 Total other comprehensive income 7,988 — 7,988 Balance at July 15, 2023 $ (36,707) $ 4,686,518 $ 2,642,654 Condensed Consolidated Statements of Changes in Stockholders’ Equity Twelve Weeks Ended October 7, 2023 Accumulated Other Retained Total Stockholders' Equity Twelve Weeks As Previously Reported Balance at July 15, 2023 $ (36,824) $ 4,767,168 $ 2,723,187 Net loss — (48,633) (48,633) Total other comprehensive loss (10,775) — (10,775) Balance at October 7, 2023 $ (47,599) $ 4,690,424 $ 2,646,868 Adjustments Balance at July 15, 2023 $ 117 $ (80,650) $ (80,533) Net loss (1) — (13,404) (13,404) Total other comprehensive loss 457 — 457 Balance at October 7, 2023 $ 574 $ (81,106) $ (80,532) As Corrected Balance at July 15, 2023 $ (36,707) $ 4,686,518 $ 2,642,654 Net loss — (62,037) (62,037) Total other comprehensive loss (10,318) — (10,318) Balance at October 7, 2023 $ (47,025) $ 4,609,318 $ 2,566,336 (1) Adjustments to retained earnings do not foot due to the previous adjustments made in third quarter 2023. Condensed Consolidated Statements of Changes in Stockholders’ Equity Forty Weeks Ended October 7, 2023 Accumulated Other Retained Total Stockholders' Equity Forty Weeks As Previously Reported Balance at December 31, 2022 $ (45,143) $ 4,744,624 $ 2,678,281 Net income — 90,245 90,245 Total other comprehensive loss (2,456) — (2,456) Balance at October 7, 2023 $ (47,599) $ 4,690,424 $ 2,646,868 Adjustments Balance at December 31, 2022 $ 448 $ (79,537) $ (79,089) Net income (1) — (25,383) (25,383) Total other comprehensive loss 126 — 126 Balance at October 7, 2023 $ 574 $ (81,106) $ (80,532) As Corrected Balance at December 31, 2022 $ (44,695) $ 4,665,087 $ 2,599,192 Net income — 64,862 64,862 Total other comprehensive loss (2,330) — (2,330) Balance at October 7, 2023 $ (47,025) $ 4,609,318 $ 2,566,336 (1) Adjustments to retained earnings do not foot due to the previous adjustments made in third quarter 2023. Condensed Consolidated Statement of Cash Flows Fifty-Two Weeks Ended January 1, 2022 As Previously Reported Adjustments As Corrected Net income $ 616,108 $ (19,493) $ 596,615 Provision for deferred income taxes 68,202 (9,416) 58,786 Net change in: Receivables, net (32,652) 25,196 (7,456) Inventories, net (120,272) (3,867) (124,139) Accounts payable 281,064 9,978 291,042 Accrued expenses 109,983 (7,638) 102,345 Net cash provided by operating activities 1,112,262 (5,240) 1,107,022 Effect of exchange rate changes on cash 5,600 (126) 5,474 Net (decrease) increase in cash and cash equivalents (233,564) (5,366) (238,930) Cash and cash equivalents, beginning of period 834,992 (8,012) 826,980 Cash and cash equivalents, end of period $ 601,428 $ (13,378) $ 588,050 Condensed Consolidated Statement of Cash Flows Fifty-Two Weeks Ended December 31, 2022 As Previously Reported Adjustments As Corrected Net income $ 501,872 $ (37,470) $ 464,402 Provision for deferred income taxes 6,338 10,190 16,528 Net change in: Receivables, net 81,254 (14,107) 67,147 Inventories, net (272,253) 42,610 (229,643) Accounts payable 212,568 15,206 227,774 Accrued expenses (165,643) (2,080) (167,723) Net cash provided by operating activities 722,222 14,349 736,571 Effect of exchange rate changes on cash (9,216) 552 (8,664) Net (decrease) increase in cash and cash equivalents (332,146) 14,901 (317,245) Cash and cash equivalents, beginning of period 601,428 (13,378) 588,050 Cash and cash equivalents, end of period $ 269,282 $ 1,523 $ 270,805 Condensed Consolidated Statement of Cash Flows Sixteen Weeks Ended April 22, 2023 As Previously Reported Adjustments As Corrected Net income $ 42,651 $ 5,672 $ 48,323 Other, net 391 458 849 Net change in: Receivables, net (83,370) (2,457) (85,827) Inventories, net (100,178) (4,177) (104,355) Accounts payable (440,995) 16,805 (424,190) Accrued expenses 85,035 4,631 89,666 Other assets and liabilities, net 1,534 (24,591) (23,057) Net cash used in operating activities (378,865) (3,659) (382,524) Other, net (3,919) (458) (4,377) Net cash used in financing activities 425,660 (458) 425,202 Effect of exchange rate changes on cash 93 (25) 68 Net (decrease) increase in cash and cash equivalents (42,783) (4,142) (46,925) Cash and cash equivalents, beginning of period 269,282 1,523 270,805 Cash and cash equivalents, end of period $ 226,499 $ (2,619) $ 223,880 Condensed Consolidated Statement of Cash Flows Twenty-Eight Weeks Ended July 15, 2023 As Previously Reported Adjustments As Corrected Net income $ 128,013 $ (1,113) $ 126,900 Provision for deferred income taxes 16,249 $ 5,248 $ 21,497 Other, net 1,170 $ 458 $ 1,628 Net change in: Receivables, net (93,539) (3,483) (97,022) Inventories, net (145,148) (3,770) (148,918) Accounts payable (346,808) 27,023 (319,785) Accrued expenses 120,888 (2,107) 118,781 Other assets and liabilities, net (36,008) (24,828) (60,836) Net cash used in operating activities (164,559) (2,572) (167,131) Other, net (4,073) (458) (4,531) Net cash used in financing activities 314,403 (458) 313,945 Effect of exchange rate changes on cash 1,280 (331) 949 Net (decrease) increase in cash and cash equivalents 7,782 (3,361) 4,421 Cash and cash equivalents, beginning of period 269,282 1,523 270,805 Cash and cash equivalents, end of period $ 277,064 $ (1,838) $ 275,226 Condensed Consolidated Statement of Cash Flows Forty Weeks Ended October 7, 2023 As Previously Reported Adjustments As Corrected Net income $ 90,245 $ (25,383) $ 64,862 Provision for deferred income taxes (33,059) 5,248 (27,811) Other, net 1,499 937 2,436 Net change in: Receivables, net (170,371) (9,519) (179,890) Inventories, net (41,025) 15,442 (25,583) Accounts payable (191,871) 28,500 (163,371) Accrued expenses 145,704 21,521 167,225 Other Assets and Liabilities (45,015) (38,316) (83,331) Net cash provided by operating activities 30,404 (1,570) 28,834 Other, net (4,073) (937) (5,010) Net cash used in financing activities 204,984 (937) 204,047 Effect of exchange rate changes on cash (1,942) 10 (1,932) Net (decrease) increase in cash and cash equivalents 48,246 (2,497) 45,749 Cash and cash equivalents, beginning of period 269,282 1,523 270,805 Cash and cash equivalents, end of period $ 317,528 $ (974) $ 316,554

Nature of Operations and Basi_2

Nature of Operations and Basis of Presentation (Details) - store	3 Months Ended	9 Months Ended
	Dec. 30, 2023	Oct. 07, 2023
Nature of Operations and Basis of Presentation [Line Items]
Immaterial Error Correction, Cost of Goods Sold	$52.7 million,	$10.2 million
Immaterial Error Correction, Selling, General and Administrative Expenses	$19.3 million	$17.3 million
Immaterial error correction, Other Nonoperating Income (Expense)	$1.7 million
Stores [Member]
Nature of Operations and Basis of Presentation [Line Items]
Number of Stores	4,786
Branches [Member]
Nature of Operations and Basis of Presentation [Line Items]
Number of Stores	321
Independently-owned Carquest store locations [Member]
Nature of Operations and Basis of Presentation [Line Items]
Number of Stores	1,245

Significant Accounting Polici_4

Significant Accounting Policies (Details) $ in Thousands	12 Months Ended
	Dec. 30, 2023 USD ($) segment	Dec. 31, 2022 USD ($)	Jan. 01, 2022 USD ($)
Summary of Significant Accounting Policies [Line Items]
Deferred vendor incentives recorded as a reduction of inventory	$ 67,900	$ 77,500
Number of operating segments | segment	3
Operating lease right-of-use assets	$ 2,578,776	2,607,690
Operating lease liability	$ 2,660,827	$ 2,692,861
Percentage of sales by product group	100%	100%	100%
Advertising expense	$ 151,800	$ 164,000	$ 178,000
Losses from foreign currency transactions included in other income, net	$ 3,400	$ 4,800	$ 1,700
Number of reportable segments | segment	1
Inventory Valuation Reserves	$ 116,000
Parts and Batteries [Member]
Summary of Significant Accounting Policies [Line Items]
Percentage of sales by product group	65%	66%	67%
Accessories and Chemicals [Member]
Summary of Significant Accounting Policies [Line Items]
Percentage of sales by product group	19%	20%	20%
Engine Maintenance [Member]
Summary of Significant Accounting Policies [Line Items]
Percentage of sales by product group	15%	13%	12%
Other [Member]
Summary of Significant Accounting Policies [Line Items]
Percentage of sales by product group	1%	1%	1%

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022	Oct. 07, 2023	Jul. 15, 2023	Apr. 22, 2023
Inventory, Net [Abstract]
Percentage of LIFO inventory (percent)	91.40%	92.40%
Increase (decrease) to Cost of sales	$ (94,600)	$ 311,800	$ (122,300)
Purchasing and Warehousing costs included in inventory	576,900	635,900
LIFO Method Related Items [Abstract]
Inventories at first-in, first-out (“FIFO”)	5,041,752	5,174,918
Adjustments to state inventories at LIFO	(184,050)	(278,649)
Inventories at LIFO	$ 4,857,702	$ 4,896,269	$ 4,682,635	$ 4,919,155	$ 5,052,244	$ 5,001,157

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022
Goodwill
Goodwill, Beginning Balance	$ 990,471
Change in goodwill due to foreign currency translation	1,200	$ 3,300
Goodwill, Ending Balance	991,743	990,471
Finite-Lived Intangible Assets, Accumulated Amortization	$ 334,780	$ 305,857
Document Period End Date	Dec. 30, 2023

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Intangibles (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022
Acquired Intangible Assets [Line Items]
Amortization Expense	$ 29,500	$ 31,000	$ 31,100
Gross Carrying Amount	390,249	389,585
Accumulated Amortization	(334,780)	(305,857)
Net	55,469	83,728
Intangible Assets, Gross (Excluding Goodwill)	928,121	926,758
Intangible Assets, Net (Excluding Goodwill)	593,341	620,901
Finite-lived intangible assets expected amortization expense
2024	28,164
2025	26,633
2026	380
2027	292
Net	55,469	83,728
Trademarks [Member]
Acquired Intangible Assets [Line Items]
Accumulated Amortization	0	0
Brands, trademark and tradenames	537,872	537,173
Customer Relationships [Member]
Acquired Intangible Assets [Line Items]
Gross Carrying Amount	350,092	349,428
Accumulated Amortization	(296,205)	(267,806)
Net	53,887	81,622
Finite-lived intangible assets expected amortization expense
Net	53,887	81,622
Non-Compete and Other [Member]
Acquired Intangible Assets [Line Items]
Gross Carrying Amount	40,157	40,157
Accumulated Amortization	(38,575)	(38,051)
Net	1,582	2,106
Finite-lived intangible assets expected amortization expense
Net	$ 1,582	$ 2,106

Receivables, net (Details)

Receivables, net (Details) - USD ($) $ in Thousands	Dec. 30, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total receivables	$ 827,730	$ 700,856
Less: Allowance for doubtful accounts	(27,589)	(16,808)
Receivables, net	800,141	684,048
Trade [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total receivables	558,953	557,195
Vendor [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total receivables	257,847	133,023
Other [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total receivables	$ 10,930	$ 10,638

Long-term Debt and Fair Value_2

Long-term Debt and Fair Value of Financial Instruments - Schedule of Debt (Details) - USD ($) $ in Thousands	Dec. 30, 2023	Mar. 09, 2023	Dec. 31, 2022	Mar. 04, 2022	Sep. 29, 2020	Apr. 16, 2020
Debt Instrument [Line Items]
Line of Credit Facility, Interest Rate at Period End	0.075%
Long-term debt, excluding the current portion	$ 1,786,361		$ 1,188,283
Fair value of long-term debt	1,641,409		1,021,396
Debt, Long-term and Short-term, Combined Amount	1,786,361		1,373,283
Revolving Credit Facility
Debt Instrument [Line Items]
Debt, Long-term and Short-term, Combined Amount	0		185,000
1.75% senior unsecured notes (2027 Notes)
Debt Instrument [Line Items]
Interest rate					175%
3.90% senior unsecured notes (2030 Notes)
Debt Instrument [Line Items]
Interest rate						3.90%
3.50% senior unsecured notes (2032 Notes)
Debt Instrument [Line Items]
Interest rate				3.50%
5.95% senior unsecured notes (2028 Notes)
Debt Instrument [Line Items]
Interest rate		5.95%
5.90% senior unsecured notes (2026 Notes)
Debt Instrument [Line Items]
Interest rate		5.90%
Senior Notes | 1.75% senior unsecured notes (2027 Notes)
Debt Instrument [Line Items]
Long-term debt	$ 347,514		346,947
Interest rate	0.0175%
Debt issuance costs	$ 2,486		3,053
Senior Notes | 3.90% senior unsecured notes (2030 Notes)
Debt Instrument [Line Items]
Long-term debt	$ 496,149		495,562
Interest rate	0.039%					3.90%
Debt issuance costs	$ 3,851		4,438
Senior Notes | 3.50% senior unsecured notes (2032 Notes)
Debt Instrument [Line Items]
Long-term debt	346,213		$ 345,774
Interest rate			0.035%	350%
Debt issuance costs	3,787		$ 4,226
Senior Notes | 5.95% senior unsecured notes (2028 Notes)
Debt Instrument [Line Items]
Long-term debt	$ 298,116		0
Interest rate	0.0595%	5.95%
Debt issuance costs	$ 1,884
Senior Notes | 5.90% senior unsecured notes (2026 Notes)
Debt Instrument [Line Items]
Long-term debt	$ 298,369		$ 0
Interest rate	0.059%	5.90%
Debt issuance costs	$ 1,631

Long-term Debt and Fair Value_3

Long-term Debt and Fair Value of Financial Instruments - Additional Information (Details) - USD ($)		12 Months Ended
	Feb. 27, 2023	Dec. 30, 2023	Mar. 09, 2023	Dec. 31, 2022	Apr. 04, 2022	Mar. 04, 2022	Mar. 01, 2022	Nov. 09, 2021	Sep. 29, 2020	Apr. 16, 2020	Dec. 03, 2013
Debt Instrument [Line Items]
Basis spread on variable rate	1,000%
Minimum threshold amount		$ 25,000,000
Discharged or acceleration period		10 days
Minimum percent required in aggregate principal amount of notes outstanding		25%
Maximum exposure, undiscounted		$ 106,900,000
Collateral held		$ 221,200,000
ChargesRelatingtoMakeWholeProvisionof2022SeniorUnsecuredNotesAgreement					$ 7,000,000
ChargesRelatingtoDebtIssuanceCostsfrom2022SeniorUnsecuredNotes					400,000
Debt Instrument, Restrictive Covenants		$400 million
Debt Instrument, Restrictive Covenants, Eliminated		$250 million
4.50% senior unsecured notes (2023 Notes)
Debt Instrument [Line Items]
Interest rate											4.50%
3.90% senior unsecured notes (2030 Notes)
Debt Instrument [Line Items]
Interest rate										3.90%
1.75% senior unsecured notes (2027 Notes)
Debt Instrument [Line Items]
Interest rate									175%
4.50% senior unsecured notes (2022 Notes) [Member]
Debt Instrument [Line Items]
Repurchased face amount					$ 193,200,000
3.50% senior unsecured notes (2032 Notes)
Debt Instrument [Line Items]
Interest rate						3.50%
Face amount							$ 350,000,000
Debt issuance, percentage of principal						9,961%
Debt issuance costs						$ 3,200,000
5.90% senior unsecured notes (2026 Notes)
Debt Instrument [Line Items]
Interest rate			5.90%
Debt issuance costs			$ 1,600,000
5.95% senior unsecured notes (2028 Notes)
Debt Instrument [Line Items]
Interest rate			5.95%
Bilateral Letter of Credit Facility
Debt Instrument [Line Items]
Letters of credit autstanding		$ 91,200,000		$ 90,200,000
Senior Notes
Debt Instrument [Line Items]
Redemption price, percentage		101%
Senior Notes | 4.50% senior unsecured notes (2023 Notes)
Debt Instrument [Line Items]
Interest rate											4.50%
Face amount											$ 450,000,000
Debt issuance, percentage of principal											99.69%
Debt issuance costs									$ 1,400,000
Repurchased face amount									256,300,000
Unamortized premium									30,500,000
Senior Notes | 3.90% senior unsecured notes (2030 Notes)
Debt Instrument [Line Items]
Interest rate		0.039%								3.90%
Face amount										$ 500,000,000
Debt issuance, percentage of principal										99.65%
Senior Notes | 1.75% senior unsecured notes (2027 Notes)
Debt Instrument [Line Items]
Interest rate		0.0175%
Face amount									$ 350,000,000
Debt issuance, percentage of principal									9,967%
Debt issuance costs									$ 2,900,000
Senior Notes | 3.50% senior unsecured notes (2032 Notes)
Debt Instrument [Line Items]
Interest rate				0.035%		350%
Senior Notes | 5.90% senior unsecured notes (2026 Notes)
Debt Instrument [Line Items]
Interest rate		0.059%	5.90%
Face amount			$ 300,000,000
Debt issuance, percentage of principal			99.94%
Senior Notes | 5.95% senior unsecured notes (2028 Notes)
Debt Instrument [Line Items]
Interest rate		0.0595%	5.95%
Face amount			$ 300,000,000
Debt issuance, percentage of principal			99.92%
Debt issuance costs			$ 1,900,000
Revolving Credit Facility | 2021 Credit Agreement | Letter of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity								$ 200,000,000
Revolving Credit Facility | Unsecured Debt | 2021 Credit Agreement
Debt Instrument [Line Items]
Maximum borrowing capacity								1,200,000,000
Possible maximum increase								$ 500,000,000
Long-term line of credit		$ 0		$ 185,000,000
Remaining borrowing capacity		1,200,000,000
Letters of credit autstanding		$ 0		0
Revolving Credit Facility | Unsecured Debt | 2021 Credit Agreement | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate		0.08%
Revolving Credit Facility | Unsecured Debt | 2021 Credit Agreement | Maximum
Debt Instrument [Line Items]
Basis spread on variable rate		0.20%
Revolving Credit Facility | Unsecured Debt | 2021 Credit Agreement | Base Rate | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate		0%
Revolving Credit Facility | Unsecured Debt | 2021 Credit Agreement | Base Rate | Maximum
Debt Instrument [Line Items]
Basis spread on variable rate		0.30%
Revolving Credit Facility | Unsecured Debt | 2021 Credit Agreement | London Interbank Offered Rate | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate		0.795%
Revolving Credit Facility | Unsecured Debt | 2021 Credit Agreement | London Interbank Offered Rate | Maximum
Debt Instrument [Line Items]
Basis spread on variable rate		1.30%
Revolving Credit Facility | Unsecured Debt | 2017 Credit Agreement
Debt Instrument [Line Items]
Remaining borrowing capacity				$ 1,000,000,000
Commitment fee percentage		0.125%
Revolving Credit Facility | Unsecured Debt | 2017 Credit Agreement | Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate		0%
Revolving Credit Facility | Unsecured Debt | 2017 Credit Agreement | London Interbank Offered Rate
Debt Instrument [Line Items]
Basis spread on variable rate		1%

Long-term Debt and Fair Value_4

Long-term Debt and Fair Value of Financial Instruments - Future Payments (Details) $ in Thousands	Dec. 30, 2023 USD ($)
Long-term Debt, Fiscal Year Maturity [Abstract]
2024	$ 0
2025	0
2026	300,000
2027	350,000
2028	300,000
2028	850,000
Future payment	$ 1,800,000

Property and Equipment (Details

Property and Equipment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022
Property, Plant and Equipment [Line Items]
Property and Equipment, Gross	$ 4,506,272	$ 4,280,521
Accumulated depreciation	(2,857,726)	(2,590,382)
Property and Equipment, Net	1,648,546	1,690,139
Depreciation	276,900	252,800	$ 228,800
Capitalized Computer Software, Gross	1,000,000	922,900
Capitalized Computer Software, Accumulated Amortization	711,400	617,100
Land and Land Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and Equipment, Gross	470,890	471,349
Building [Member]
Property, Plant and Equipment [Line Items]
Property and Equipment, Gross	543,467	535,884
Building and Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and Equipment, Gross	800,621	722,006
Furniture, Fixtures and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and Equipment, Gross	$ 2,563,043	2,398,818
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	3 years
Property and Equipment, Gross	$ 14,539	14,549
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Property and Equipment, Gross	$ 113,712	$ 137,915
Minimum | Software Development [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	3 years
Minimum | Building [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	30 years
Minimum | Building and Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	3 years
Minimum | Furniture, Fixtures and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	3 years
Maximum | Software Development [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	10 years
Maximum | Land and Land Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	10 years
Maximum | Building [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	40 years
Maximum | Building and Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	15 years
Maximum | Furniture, Fixtures and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	20 years

Leases and Other Commitments (D

Leases and Other Commitments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022
Lessee, Lease, Description [Line Items]
Total operating lease liabilities	$ 2,660,827	$ 2,692,861
Less: Current portion of operating lease liabilities	(445,061)	(414,543)
Non-current operating lease liabilities	$ 2,215,766	$ 2,278,318
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Other current liabilities	Other current liabilities
Operating lease cost	$ 572,024	$ 563,959
Variable lease cost	177,504	171,621
Total lease cost	749,528	735,580
2024	539,836
2025	582,552
2026	466,443
2027	383,426
2028	294,932
Thereafter	775,662
Total lease payments	3,042,851
Less: Imputed interest	(382,024)
Lessee Option to Extend Reasonably Certain	30,000
Operating lease legally binding minimum payments for lease that have not yet commenced	$ 49,700
Operating Lease, Weighted Average Remaining Lease Term	6 years 6 months
Operating Lease, Weighted Average Discount Rate, Percent	3.90%
Operating cash flows from operating leases	$ 603,108	624,484
Operating leases	$ 447,988	432,497
Unrecorded Unconditional Purchase Obligation		$ 133,000
Document Period End Date	Dec. 30, 2023
Facilities [Member]
Lessee, Lease, Description [Line Items]
Renewal term	5 years
Facilities [Member] | Minimum
Lessee, Lease, Description [Line Items]
Typical initial term	5 years
Facilities [Member] | Maximum
Lessee, Lease, Description [Line Items]
Typical initial term	10 years
Equipment [Member] | Minimum
Lessee, Lease, Description [Line Items]
Typical initial term	3 years
Equipment [Member] | Maximum
Lessee, Lease, Description [Line Items]
Typical initial term	6 years

Accrued Expenses (Details)

Accrued Expenses (Details) - USD ($) $ in Thousands	Dec. 30, 2023	Oct. 07, 2023	Jul. 15, 2023	Apr. 22, 2023	Dec. 31, 2022	Jan. 01, 2022
Payables and Accruals [Abstract]
Payroll and related benefits	$ 161,607				$ 155,441
Accrued expenses	671,237	$ 724,083	$ 678,103	$ 717,938	629,464	$ 774,149
Taxes payable	118,791				84,454
Self-insurance reserves	74,536				72,337
Capital expenditures	5,287				8,927
Accrued Rebates	51,656				42,415
Accrued Professional Fees, Current	14,425				22,317
Other	176,747				200,548
Total accrued expenses	671,237				629,464
Movement in Standard Product Warranty Accrual [Roll Forward]
Inventory related accruals	$ 68,188				$ 43,025

Share Repurchase Program (Detai

Share Repurchase Program (Details) - USD ($) $ / shares in Units, $ in Thousands, shares in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 30, 2023	Feb. 08, 2022	Apr. 19, 2021	Nov. 08, 2019
Equity, Class of Treasury Stock [Line Items]
Shares repurchased (shares)	3
Aggregate cost of shares repurchased	$ 598,200
Average repurchase price (in usd per share)	$ 201.88
Remaining amount authorized under Share Repurchase Program		$ 947,300
August 2019 Share Repurchase Program [Member]
Equity, Class of Treasury Stock [Line Items]
Authorized amount under Share Repurchase Program			$ 1,000,000	$ 1,000,000	$ 700,000

Earnings per Share (Details)

Earnings per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		4 Months Ended	6 Months Ended	9 Months Ended	12 Months Ended
	Oct. 07, 2023	Jul. 15, 2023	Apr. 22, 2023	Jul. 15, 2023	Oct. 07, 2023	Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022
Earnings Per Share [Abstract]
Net income	$ (62,037)	$ 78,577	$ 48,323	$ 126,900	$ 64,862	$ 29,735	$ 464,402	$ 596,615
Basic weighted average common shares						59,432	60,351	64,028
Dilutive impact of share-based awards						176	366	481
Diluted weighted average common shares						59,608	60,717	64,509
Basic earnings per common share, Net income applicable to common stockholders (in usd per share)	$ (1.04)	$ 1.32	$ 0.81	$ 2.14	$ 1.09	$ 0.50	$ 7.70	$ 9.32
Diluted earnings per common share, Net income applicable to common stockholders (in usd per share)	$ (1.04)	$ 1.32	$ 0.81	$ 2.13	$ 1.09	$ 0.50	$ 7.65	$ 9.25
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount						299	115	9

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		4 Months Ended	6 Months Ended	9 Months Ended	12 Months Ended
	Oct. 07, 2023	Jul. 15, 2023	Apr. 22, 2023	Jul. 15, 2023	Oct. 07, 2023	Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022
Federal:
Current Federal Tax Expense (Benefit)						$ 20,363	$ 81,564	$ 83,979
Deferred Federal Income Tax Expense (Benefit)						(36,935)	12,609	47,558
Federal Income Tax Expense (Benefit), Continuing Operations						(16,572)	94,173	131,537
State:
Current State and Local Tax Expense (Benefit)						6,137	15,902	22,927
Deferred State and Local Income Tax Expense (Benefit)						(11,321)	5,546	10,240
State and Local Income Tax Expense (Benefit), Continuing Operations						(5,184)	21,448	33,167
Foreign:
Current Foreign Tax Expense (Benefit)						23,394	25,966	20,186
Deferred Foreign Income Tax Expense (Benefit)						474	(1,627)	988
Foreign Income Tax Expense (Benefit), Continuing Operations						23,868	24,339	21,174
Current Income Tax Expense (Benefit)						49,894	123,432	127,092
Provision for deferred income taxes				$ 21,497	$ (27,811)	(47,782)	16,528	58,786
Income Tax Expense (Benefit)	$ (19,539)	$ 28,198	$ 19,223	47,420	27,883	2,112	139,960	185,878
Effective Income Tax Rate Reconciliation, Amount [Abstract]
Income before provision for income taxes at statutory U.S. federal income tax rate (21% for 2023, 2022 and 2021)						6,689	126,730	163,965
State income taxes, net of federal income tax						(4,962)	16,222	27,517
Other, net						385	(2,992)	(5,604)
Income Tax Expense (Benefit)	$ (19,539)	$ 28,198	19,223	47,420	27,883	2,112	139,960	185,878
Deferred income tax assets:
Accrued expenses not currently deductible for tax						22,377	19,589
Share-based compensation						10,698	12,642
Accrued medical and workers compensation						9,704	13,666
Net operating loss carryforwards						3,273	3,577
Deferred Tax Assets Operating Lease Liabilities						670,030	678,432
Other, net						13,602	9,291
Total deferred income tax assets before valuation allowances						729,684	737,197
Less: Valuation allowance						(5,179)	(5,036)
Total deferred income tax assets						724,505	732,161
Deferred income tax liabilities:
Property and equipment						(91,084)	(125,651)
Inventories						(219,446)	(226,499)
Intangible assets						(136,366)	(137,464)
Deferred Tax Liabilities Operating Lease Assets						(640,151)	(653,296)
Total deferred income tax liabilities						(1,087,047)	(1,142,910)
Net deferred income tax liabilities						(362,542)	(410,749)
Deferred Tax Assets, Valuation Allowance less Foreign Tax Carryfowards						2,900	3,000
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Unrecognized tax benefits, beginning of period			$ 15,211	$ 15,211	$ 15,211	15,211	20,979	26,967
Increases related to prior period tax positions						245	75	484
Decreases related to prior period tax positions						0	(261)	(849)
Increases related to current period tax positions						563	928	2,240
Settlements						0	(256)	(2,993)
Expiration of statute of limitations						(4,829)	(6,254)	(4,870)
Unrecognized tax benefits, end of period						11,190	15,211	20,979
Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense [Abstract]
Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense/(Gain)						200	600	$ 700
Unrecognized Tax Benefits, Interest on Income Taxes Accrued						2,500	2,700
Unrecognized Tax Benefits, Income Tax Penalties Accrued						100
Undistributed Earnings of Foreign Subsidiaries						$ 118,300	$ 98,700
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent						21%	21%	21%
Tax Credit Carryforward, Valuation Allowance						$ 2,200
Effective Income Tax Rate Reconciliation, Percent						6.60%	23.20%	23.80%
State and Local Jurisdiction [Member]
Deferred income tax liabilities:
Operating Loss Carryforwards						$ 102,200	$ 108,900

Benefit Plans (Details)

Benefit Plans (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022
Postemployment Benefits [Abstract]
Company contributions to defined contribution benefit plan	$ 26.3	$ 24.5	$ 27.3
Deferred compensation plan liability	$ 14.3	$ 13.7

Share-Based Compensation (Detai

Share-Based Compensation (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Shares Available for Grant	2,400
Share-based compensation expense	$ 45,647	$ 50,978	$ 63,067
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Deferred income tax benefit	11,000	$ 12,500	15,200
Unrecognized compensation expense	$ 69,500
Weighted average period unrecognized compensation expense expected to be recognized	1 year 6 months
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	417	206
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$ 124.59
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price	$ 94.03
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures	316
Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price	$ 0	$ 190.75
Issuance of shares upon the exercise of stock appreciation rights (in shares)	0	(3)
Share-based Compensation Arrangements by Share-based Payment Award, Options, Expirations in Period, Weighted Average Exercise Price	$ 162.54
Share-based Compensation Arrangement by Share-based Payment Award, Options, Expirations in Period	(104)
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value	$ 529
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term	8 years 8 months 12 days
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Intrinsic Value	$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price	$ 186.22
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number	80
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value	$ 28.97
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term	6 years 10 months 24 days
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 6,400	$ 11,800	$ 22,800
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Nonvested, beginning of period	105
Granted	22	0
Granted, Weighted Average Grant Date Fair Value	$ 135.13	$ 0	$ 0
Change in Units Based on Performance	(15)
Change in Units Based on Performance, Weighted Average Exercise Price	$ 137.11
Vested	(112)
Vested, Weighted Average Exercise Price	$ 130.88
Forfeited	0
Forfeited, Weighted Average Grant Date Fair Value	$ 130.03
Nonvested, end of period	0	105
Nonvested, Weighted Average Grant Date Fair Value	$ 0	$ 130.88
Maximum potential payout of outstanding awards for Equity Instruments Other than Options	44
Total grant date fair value of vested	$ 14,711	$ 12,460	$ 7,987
Market Based Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Risk-free interest rate (1)	4.60%	1.60%	0.30%
Expected dividend yield	0%	0%	0%
Expected stock price volatility (2)	37.40%	34.60%	36%
Liquidity discount for post-vest restrictions	12.20%
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Nonvested, beginning of period	135
Granted	73
Granted, Weighted Average Grant Date Fair Value	$ 139.75	$ 205.52	$ 204.97
Change in Units Based on Performance	0
Change in Units Based on Performance, Weighted Average Exercise Price	$ 0
Vested	(30)
Vested, Weighted Average Exercise Price	$ 145.04
Forfeited	(55)
Forfeited, Weighted Average Grant Date Fair Value	$ 173.13
Nonvested, end of period	123	135
Nonvested, Weighted Average Grant Date Fair Value	$ 180.63	$ 191.72
Maximum potential payout of outstanding awards for Equity Instruments Other than Options		255
Total grant date fair value of vested	$ 4,400	$ 3,695	$ 3,650
Deferred Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 3,400	$ 1,700	$ 1,600
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Granted	74	9,000	10,000
Granted, Weighted Average Grant Date Fair Value	$ 66.60	$ 193.05	$ 191.24
Employee Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Shares Available for Grant	2,500
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Purchase discount of fair market value (percent)	10%
Team Member annual purchase limit	$ 25
Team Member annual purchase limit, percentage of compensation (percent)	10%
Share-based Payment Arrangement, Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	10 years
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Expected life of awards (in months) (3)	6 years
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Nonvested, beginning of period	394
Granted	627
Granted, Weighted Average Grant Date Fair Value	$ 89.81	$ 196.61	$ 183.41
Change in Units Based on Performance	0
Change in Units Based on Performance, Weighted Average Exercise Price	$ 0
Vested	(195)
Vested, Weighted Average Exercise Price	$ 169.61
Forfeited	(126)
Forfeited, Weighted Average Grant Date Fair Value	$ 139.70
Nonvested, end of period	700	394
Nonvested, Weighted Average Grant Date Fair Value	$ 109.56	$ 180.41
Total grant date fair value of vested	$ 33,125	$ 34,685	$ 34,555
Minimum | Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Typical number of awards vesting at end of period (percent)	0%
Minimum | Share-based Payment Arrangement, Option
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Risk-free interest rate (1)	4.08%
Expected dividend yield	1.45%
Expected stock price volatility (2)	35.10%
Maximum | Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Typical number of awards vesting at end of period (percent)	200%
Maximum | Share-based Payment Arrangement, Option
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Risk-free interest rate (1)	4.31%
Expected dividend yield	4.05%
Expected stock price volatility (2)	42.90%

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance, Beginning of Period	$ (44,695)	$ (27,059)
Activity	(7,537)	(17,636)	$ (323)
Balance, End of Period	(52,232)	(44,695)	(27,059)
Unrealized Gain (Loss) on Postretirement Plan
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance, Beginning of Period	720	906	1,170
Activity	82	(186)	(264)
Balance, End of Period	802	720	906
Foreign Currency Translation
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance, Beginning of Period	(45,415)	(27,965)	(27,906)
Activity	(7,619)	(17,450)	(59)
Balance, End of Period	(53,034)	(45,415)	(27,965)
Accumulated Other Comprehensive (Loss) Income
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance, Beginning of Period	(44,695)	(27,059)	(26,736)
Activity	(7,537)	(17,636)	(323)
Balance, End of Period	$ (52,232)	$ (44,695)	$ (27,059)

Valuation and Qualifying Acco_3

Valuation and Qualifying Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Allowance for Doubtful Accounts Receivable, Current, Beginning of Period	$ 16,808
Allowance for Doubtful Accounts Receivable, Current, End of Period	27,589	$ 16,808
SEC Schedule, 12-09, Allowance, Credit Loss [Member]
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Allowance for Doubtful Accounts Receivable, Current, Beginning of Period	16,808	10,162	$ 11,929
Valuation Allowances and Reserves, Charged to Cost and Expense	22,112	25,994	11,125
SEC Schedule, 12-09, Valuation Allowances and Reserves, Deduction	(11,331)	(19,348)	(12,892)
Allowance for Doubtful Accounts Receivable, Current, End of Period	$ 27,589	$ 16,808	$ 10,162

Immaterial Restatement of Pri_2

Immaterial Restatement of Prior Period Financial Statements (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		4 Months Ended	6 Months Ended	9 Months Ended	12 Months Ended
	Oct. 07, 2023	Jul. 15, 2023	Apr. 22, 2023	Jul. 15, 2023	Oct. 07, 2023	Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022	Jan. 02, 2021
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Inventories	$ 4,919,155	$ 5,052,244	$ 5,001,157	$ 5,052,244	$ 4,919,155	$ 4,857,702	$ 4,896,269	$ 4,682,635
Other current assets	221,724	211,157	201,717	211,157	221,724	215,707	163,695
Total current assets	6,320,693	6,321,318	6,196,740	6,321,318	6,320,693	6,377,021	6,014,817	6,257,044
Assets	12,249,161	12,299,222	12,177,286	12,299,222	12,249,161	12,276,326	11,986,447	12,175,777
Accounts payable	4,014,014	3,862,682	3,754,998	3,862,682	4,014,014	4,177,974	4,178,907	3,966,574
Accrued expenses	724,083	678,103	717,938	678,103	724,083	671,237	629,464	774,149
Liabilities	9,682,825	9,656,568	9,614,566	9,656,568	9,682,825	9,756,598	9,387,255	9,093,985
Accumulated other comprehensive loss	(47,025)	(36,707)	(43,931)	(36,707)	(47,025)	(52,232)	(44,695)	(27,059)
Retained earnings	4,609,318	4,686,518	4,623,832	4,686,518	4,609,318	4,559,139	4,665,087
Stockholders' equity	2,566,336	2,642,654	2,562,720	2,642,654	2,566,336	2,519,728	2,599,192	3,081,792	$ 3,536,961
Liabilities and Equity	12,249,161	12,299,222	12,177,286	12,299,222	12,249,161	12,276,326	11,986,447	12,175,777
Total current liabilities	5,216,700	5,101,757	5,055,352	5,101,757	5,216,700	5,307,405	5,420,851	5,221,972
Deferred income taxes			417,736			362,542	410,749	395,168
Other Liabilities, Noncurrent			87,602			84,524	89,054	104,874
Cost of sales	1,748,799	1,545,611	1,955,666	3,501,277	5,250,077	6,764,105	6,222,487	6,074,039
Gross profit	970,280	1,140,455	1,461,928	2,602,382	3,572,661	4,523,502	4,932,235	4,923,950
Selling, general and administrative expenses	1,031,233	1,014,495	1,363,990	2,378,484	3,409,717	4,409,125	4,261,982	4,101,585
Operating income	(60,953)	125,960	97,938	223,898	162,944	114,377	670,253	822,365
Other income (expense), net						5,525	(7,423)	(2,081)
Total other, net						(82,530)	(65,891)	(39,872)
Income before provision for income taxes	(81,576)	106,775	67,546	174,320	92,745	31,847	604,362	782,493
Provision for income taxes	(19,539)	28,198	19,223	47,420	27,883	2,112	139,960	185,878
Net Income (Loss)	(62,037)	78,577	48,323	126,900	64,862	29,735	464,402	596,615
Provision for deferred income taxes				21,497	(27,811)	(47,782)	16,528	58,786
Other Noncash Income (Expense)			849	1,628	2,436	(3,267)	(2,587)	7,985
Receivables, net			85,827	97,022	179,890	(114,665)	67,147	(7,456)
Inventories			(104,355)	148,918	25,583	44,821	(229,643)	(124,139)
Accounts payable			(424,190)	(319,785)	(163,371)	(4,645)	227,774	291,042
Accrued expenses			89,666	118,781	167,225	115,673	(167,723)	102,345
Other assets and liabilities, net			23,057	60,836	83,331	(91,987)	9,732	(134,135)
Net Cash Provided by Operating Activities			(382,524)	(167,131)	28,834	287,375	736,571	1,107,022
Other, net			(4,377)	(4,531)	(5,010)	(1,493)	1,469	3,021
Net Cash Provided by (Used in) Financing Activities			425,202	313,945	204,047	189,267	(620,704)	(1,064,112)
Effect of exchange rate changes on cash			68	949	(1,932)	(8,487)	(8,664)	5,474
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect			(46,925)	4,421	45,749	232,666	(317,245)	(238,930)
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents	316,554	275,226	223,880	275,226	316,554	503,471	270,805	588,050	826,980
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	(10,280)	7,262	567	7,829	(2,451)	(7,619)	(17,450)	(59)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest	(10,318)	7,224	764	7,988	(2,330)		(17,636)	(323)
Comprehensive Income (Loss)	$ (72,355)	$ 85,801	$ 49,087	$ 134,888	$ 62,532	$ 22,198	$ 446,766	$ 596,292
Basic earnings per common share (in usd per share)	$ (1.04)	$ 1.32	$ 0.81	$ 2.14	$ 1.09	$ 0.50	$ 7.70	$ 9.32
Diluted earnings per common share (in usd per share)	$ (1.04)	$ 1.32	$ 0.81	$ 2.13	$ 1.09	$ 0.50	$ 7.65	$ 9.25
Weighted average common shares outstanding - assuming dilution						59,608	60,717	64,509
Receivables, net	$ 863,260	$ 782,691	$ 769,986	$ 782,691	$ 863,260	$ 800,141	$ 684,048	$ 754,114
Cash and cash equivalents	316,554	275,226	223,880	275,226	316,554	503,471	270,805	588,050
Retained Earnings
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Retained earnings								4,563,724
Stockholders' equity	4,609,318	4,686,518	4,623,832	4,686,518	4,609,318	4,559,139	4,665,087	4,563,724	4,174,060
Net Income (Loss)	(62,037)	78,577	48,323	126,900	64,862	29,735	464,402	596,615
Accumulated Other Comprehensive (Loss) Income
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Accumulated other comprehensive loss						(52,232)	(44,695)	(27,059)	(26,736)
Stockholders' equity	(47,025)	(36,707)	(43,931)	(36,707)	(47,025)	$ (52,232)	(44,695)	(27,059)	(26,736)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest	(10,318)	7,224	764	7,988	(2,330)		(17,636)	(323)
Previously Reported
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Inventories		5,067,467	5,015,973	5,067,467			4,915,262	4,659,018
Other current assets		188,169	177,127	188,169
Total current assets		6,326,472	6,201,692	6,326,472			6,046,852	6,275,476
Assets		12,304,376	12,182,238	12,304,376			12,018,482	12,194,209
Accounts payable		3,780,215	3,682,749	3,780,215			4,123,462	3,922,007
Accrued expenses		685,191	718,290	685,191			634,447	777,051
Liabilities		9,581,189	9,546,077	9,581,189			9,340,201	9,065,918
Accumulated other comprehensive loss		(36,824)	(44,355)	(36,824)			(45,143)	(22,627)
Retained earnings		4,767,168	4,697,697	4,767,168			4,744,624	4,605,791
Stockholders' equity		2,723,187	2,636,161	2,723,187			2,678,281	3,128,291	3,559,512
Liabilities and Equity		12,304,376	12,182,238	12,304,376			12,018,482	12,194,209
Total current liabilities		5,026,378	4,983,455	5,026,378			5,370,389	5,180,307
Deferred income taxes			422,984				415,997	410,606
Other Liabilities, Noncurrent			85,762				87,214	103,034
Cost of sales		1,537,997	1,946,931	3,484,927			6,192,622	6,069,241
Gross profit		1,148,069	1,470,663	2,618,732			4,962,100	4,928,748
Selling, general and administrative expenses		1,013,701	1,380,664	2,394,365			4,247,949	4,090,031
Operating income		134,368	89,999	224,367			714,151	838,717
Other income (expense), net							(6,996)	4,999
Total other, net							(65,464)	(32,792)
Income before provision for income taxes		115,183	59,607	174,789			648,687	805,925
Provision for income taxes		29,821	16,956	46,776			146,815	189,817
Net Income (Loss)		85,362	42,651	128,013			501,872	616,108
Provision for deferred income taxes				16,249			6,338	68,202
Other Noncash Income (Expense)			391	1,170
Receivables, net			83,370	93,539			81,254	32,652
Inventories			100,178	145,148			272,253	120,272
Accounts payable			(440,995)	(346,808)			212,568	281,064
Accrued expenses			85,035	120,888			(165,643)	109,983
Other assets and liabilities, net			(1,534)	36,008
Net Cash Provided by Operating Activities			(378,865)	(164,559)			722,222	1,112,262
Other, net			(3,919)	(4,073)
Net Cash Provided by (Used in) Financing Activities			425,660	314,403
Effect of exchange rate changes on cash			93	1,280			(9,216)	5,600
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect			(42,783)	7,782			(332,146)	(233,564)
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents		277,064	226,499	277,064			269,282	601,428	834,992
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax		7,569	591	8,160			(22,330)	4,396
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest		7,531	788	8,319			(22,516)	4,132
Comprehensive Income (Loss)		$ 92,893	$ 43,439	$ 136,332			$ 479,356	$ 620,240
Basic earnings per common share (in usd per share)		$ 1.44	$ 0.72	$ 2.16			$ 8.32	$ 9.62
Diluted earnings per common share (in usd per share)		$ 1.43	$ 0.72	$ 2.15			$ 8.27	$ 9.55
Receivables, net		$ 793,772	$ 782,093	$ 793,772			$ 698,613	$ 782,785
Cash and cash equivalents		277,064	226,499	277,064			269,282	601,428
Previously Reported | Retained Earnings
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Stockholders' equity		4,767,168	4,697,697	4,767,168			4,744,624	4,605,791	4,196,634
Net Income (Loss)		85,362	42,651	128,013			501,872	616,108
Previously Reported | Accumulated Other Comprehensive (Loss) Income
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Stockholders' equity		(36,824)	(44,355)	(36,824)			(45,143)	(22,627)	(26,759)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest		7,531	788	8,319	(2,456)		(22,516)	4,132
Revision of Prior Period, Adjustment
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Inventories		(15,223)	(14,816)	(15,223)			(18,993)	23,617
Other current assets		22,988	24,590	22,988
Total current assets		(5,154)	(4,952)	(5,154)			(32,035)	(18,432)
Assets		(5,154)	(4,952)	(5,154)			(32,035)	(18,432)
Accounts payable		82,467	72,249	82,467			55,445	44,567
Accrued expenses		(7,088)	(352)	(7,088)			(4,983)	(2,902)
Liabilities		75,379	68,489	75,379			47,054	28,067
Accumulated other comprehensive loss		117	424	117			448	(4,432)
Retained earnings		(80,650)	(73,865)	(80,650)			(79,537)	(42,067)
Stockholders' equity		(80,533)	(73,441)	(80,533)			(79,089)	(46,499)	(22,551)
Liabilities and Equity		(5,154)	(4,952)	(5,154)			(32,035)	(18,432)
Total current liabilities		75,379	71,897	75,379			50,462	41,665
Deferred income taxes			(5,248)				(5,248)	(15,438)
Other Liabilities, Noncurrent			1,840				1,840	1,840
Cost of sales		7,614	8,735	16,350			29,865	4,798
Gross profit		(7,614)	(8,735)	(16,350)			(29,865)	(4,798)
Selling, general and administrative expenses		794	(16,674)	(15,881)			14,033	11,554
Operating income		(8,408)	7,939	(469)			(43,898)	(16,352)
Other income (expense), net							(427)	(7,080)
Total other, net							(427)	(7,080)
Income before provision for income taxes		(8,408)	7,939	(469)			(44,325)	(23,432)
Provision for income taxes		(1,623)	2,267	644			(6,855)	(3,939)
Net Income (Loss)		(6,785)	5,672	(1,113)			(37,470)	(19,493)
Provision for deferred income taxes				5,248			10,190	(9,416)
Other Noncash Income (Expense)			458	458
Receivables, net			2,457	3,483			14,107	(25,196)
Inventories			4,177	3,770			(42,610)	3,867
Accounts payable			16,805	27,023			15,206	9,978
Accrued expenses			4,631	(2,107)			(2,080)	(7,638)
Other assets and liabilities, net			24,591	24,828
Net Cash Provided by Operating Activities			(3,659)	(2,572)			14,349	(5,240)
Other, net			(458)	(458)
Net Cash Provided by (Used in) Financing Activities			(458)	(458)
Effect of exchange rate changes on cash			(25)	(331)			552	(126)
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect			(4,142)	(3,361)			14,901	(5,366)
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents		(1,838)	(2,619)	(1,838)			1,523	(13,378)	(8,012)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax		(307)	(24)	(331)			4,880	(4,455)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest		(307)	(24)	(331)			4,880	(4,455)
Comprehensive Income (Loss)		$ (7,092)	$ 5,648	$ (1,444)			$ (32,590)	$ (23,948)
Basic earnings per common share (in usd per share)		$ (0.12)	$ 0.09	$ (0.02)			$ (0.62)	$ (0.30)
Diluted earnings per common share (in usd per share)		$ (0.11)	$ 0.09	$ (0.02)			$ (0.62)	$ (0.30)
Receivables, net		$ (11,081)	$ (12,107)	$ (11,081)			$ (14,565)	$ (28,671)
Cash and cash equivalents		(1,838)	(2,619)	(1,838)			1,523	(13,378)
Revision of Prior Period, Adjustment | Retained Earnings
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Stockholders' equity		(80,650)	(73,865)	(80,650)			(79,537)	(42,067)	(22,574)
Net Income (Loss)		(6,785)	5,672	(1,113)			(37,470)	(19,493)
Revision of Prior Period, Adjustment | Accumulated Other Comprehensive (Loss) Income
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Stockholders' equity		117	424	117			448	(4,432)	$ 23
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest		(307)	$ (24)	(331)			4,880	$ (4,455)
Previously Reported, Revised
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Inventories	4,949,382				4,949,382
Other current assets	185,249				185,249
Total current assets	6,320,464				6,320,464
Assets	12,248,932				12,248,932
Accounts payable	3,943,019				3,943,019
Accrued expenses	714,317				714,317
Liabilities	9,602,064				9,602,064
Accumulated other comprehensive loss	(47,599)				(47,599)
Retained earnings	4,690,424				4,690,424
Stockholders' equity	2,646,868	2,723,187		2,723,187	2,646,868		2,678,281
Liabilities and Equity	12,248,932				12,248,932
Total current liabilities	5,135,939				5,135,939
Cost of sales	1,732,420				5,220,200
Gross profit	986,659				3,602,538
Selling, general and administrative expenses	1,030,355				3,407,445
Operating income	(43,696)				195,093
Income before provision for income taxes	(64,319)				124,894
Provision for income taxes	(15,686)				34,649
Net Income (Loss)	(48,633)				90,245
Provision for deferred income taxes					(33,059)
Other Noncash Income (Expense)					1,499
Receivables, net					170,371
Inventories					41,025
Accounts payable					(191,871)
Accrued expenses					145,704
Other assets and liabilities, net					45,015
Net Cash Provided by Operating Activities					30,404
Other, net					(4,073)
Net Cash Provided by (Used in) Financing Activities					204,984
Effect of exchange rate changes on cash					(1,942)
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect					48,246
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents	317,528				317,528		269,282
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	(10,737)				(2,577)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest	(10,775)				(2,456)
Comprehensive Income (Loss)	$ (59,408)				$ 87,789
Basic earnings per common share (in usd per share)	$ (0.82)				$ 1.52
Diluted earnings per common share (in usd per share)	$ (0.82)				$ 1.51
Receivables, net	$ 868,305				$ 868,305
Cash and cash equivalents	317,528				317,528
Previously Reported, Revised | Retained Earnings
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Stockholders' equity	4,690,424	4,767,168		4,767,168	4,690,424		4,744,624
Net Income (Loss)	(48,633)				90,245
Previously Reported, Revised | Accumulated Other Comprehensive (Loss) Income
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Stockholders' equity	(47,599)	(36,824)		(36,824)	(47,599)		(45,143)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest	(10,775)
Revision of Prior Period, Adjustment, Revised
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Inventories	(30,227)				(30,227)
Other current assets	36,475				36,475
Total current assets	229				229
Assets	229				229
Accounts payable	70,995				70,995
Accrued expenses	9,766				9,766
Liabilities	80,761				80,761
Accumulated other comprehensive loss	574				574
Retained earnings	(81,106)				(81,106)
Stockholders' equity	(80,532)	(80,533)		(80,533)	(80,532)		(79,089)
Liabilities and Equity	229				229
Total current liabilities	80,761				80,761
Cost of sales	16,379				29,877
Gross profit	(16,379)				(29,877)
Selling, general and administrative expenses	878				2,272
Operating income	(17,257)				(32,149)
Income before provision for income taxes	(17,257)				(32,149)
Provision for income taxes	(3,853)				(6,766)
Net Income (Loss)	(13,404)				(25,383)
Provision for deferred income taxes					5,248
Other Noncash Income (Expense)					937
Receivables, net					9,519
Inventories					(15,442)
Accounts payable					28,500
Accrued expenses					21,521
Other assets and liabilities, net					38,316
Net Cash Provided by Operating Activities					(1,570)
Other, net					(937)
Net Cash Provided by (Used in) Financing Activities					(937)
Effect of exchange rate changes on cash					10
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect					(2,497)
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents	(974)				(974)		1,523
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	457				126
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest	457				126
Comprehensive Income (Loss)	$ (12,947)				$ (25,257)
Basic earnings per common share (in usd per share)	$ (0.22)				$ (0.43)
Diluted earnings per common share (in usd per share)	$ (0.22)				$ (0.42)
Receivables, net	$ (5,045)				$ (5,045)
Cash and cash equivalents	(974)				(974)
Revision of Prior Period, Adjustment, Revised | Retained Earnings
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Stockholders' equity	(81,106)	(80,650)		(80,650)	(81,106)		(79,537)
Net Income (Loss)	(13,404)				(25,383)
Revision of Prior Period, Adjustment, Revised | Accumulated Other Comprehensive (Loss) Income
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Stockholders' equity	574	$ 117		$ 117	574		$ 448
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest	$ 457				$ 126

Supplier Finance Program (Detai

Supplier Finance Program (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022
Payables and Accruals [Abstract]
Supplier Finance Program, Obligation	$ 3,361,249	$ 3,100,172
Supplier Finance Program [Line Items]
Supplier Finance Program, Obligation	3,361,249	$ 3,100,172
Supplier Finance Program, Obligation, Addition	3,430,710
Supplier Finance Program, Obligation, Settlement	$ (3,169,633)
Supplier Finance Program, Obligation, Statement of Financial Position [Extensible Enumeration]	Accounts payable