2021 Q4 Form 10-K Financial Statement

#000004711122000017 Filed on February 18, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $2.360B $8.971B $2.185B
YoY Change 7.99% 10.08% 5.66%
Cost Of Revenue $1.299B $4.923B $1.223B
YoY Change 6.16% 10.66% 5.79%
Gross Profit $1.061B $4.049B $962.1M
YoY Change 10.32% 9.38% 5.5%
Gross Profit Margin 44.97% 45.13% 44.03%
Selling, General & Admin $486.1M $2.001B $529.8M
YoY Change -8.24% 5.84% 1.55%
% of Gross Profit 45.8% 49.43% 55.07%
Research & Development $40.11M
YoY Change 6.73%
% of Gross Profit 0.99%
Depreciation & Amortization $78.02M $315.0M $77.20M
YoY Change 1.07% 6.81% 6.19%
% of Gross Profit 7.35% 7.78% 8.02%
Operating Expenses $486.1M $2.041B $529.8M
YoY Change -8.24% 5.86% 1.55%
Operating Profit $574.8M $2.044B $432.3M
YoY Change 32.98% 14.64% 10.78%
Interest Expense $30.69M $129.8M -$37.80M
YoY Change -181.18% -15.39% 14.89%
% of Operating Profit 5.34% 6.35% -8.74%
Other Income/Expense, Net -$23.00M -$119.1M -$7.600M
YoY Change 202.68% -13.91% 204.0%
Pretax Income $521.7M $1.797B $263.4M
YoY Change 98.05% 20.22% 22.91%
Income Tax $76.75M $314.4M -$27.90M
% Of Pretax Income 14.71% 17.49% -10.59%
Net Earnings $444.9M $1.478B $291.4M
YoY Change 52.69% 15.55% 40.64%
Net Earnings / Revenue 18.85% 16.47% 13.33%
Basic Earnings Per Share
Diluted Earnings Per Share $2.145M $5.505M $1.392M
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $675.5M $329.3M $1.144B
YoY Change -40.95% -71.22% 131.91%
Cash & Equivalents $329.3M $329.3M $1.144B
Short-Term Investments
Other Short-Term Assets $127.7M $257.0M $158.8M
YoY Change -19.6% 0.97% 1.79%
Inventory $988.5M $988.5M $964.2M
Prepaid Expenses
Receivables $671.5M $671.5M $615.2M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.246B $2.246B $2.978B
YoY Change -24.57% -24.57% 40.66%
LONG-TERM ASSETS
Property, Plant & Equipment $2.586B $2.938B $2.285B
YoY Change 13.17% 17.07% 6.14%
Goodwill $2.633B $1.988B
YoY Change 32.44% 0.11%
Intangibles $2.038B $1.295B
YoY Change 57.32% -3.43%
Long-Term Investments $77.87M $93.09M
YoY Change
Other Assets $868.2M $203.6M $555.9M
YoY Change 56.18% 17.5% 8.57%
Total Long-Term Assets $8.166B $8.166B $6.154B
YoY Change 32.7% 32.7% 2.17%
TOTAL ASSETS
Total Short-Term Assets $2.246B $2.246B $2.978B
Total Long-Term Assets $8.166B $8.166B $6.154B
Total Assets $10.41B $10.41B $9.132B
YoY Change 14.02% 14.02% 12.18%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $692.3M $692.3M $580.1M
YoY Change 19.36% 19.35% 5.31%
Accrued Expenses $855.6M $855.6M $781.8M
YoY Change 9.45% 9.44% 11.3%
Deferred Revenue
YoY Change
Short-Term Debt $939.4M $939.4M $74.04M
YoY Change 1168.79% 1169.49% 129.36%
Long-Term Debt Due $2.844M $2.844M $438.8M
YoY Change -99.35% -99.35% -37.61%
Total Short-Term Liabilities $2.493B $2.493B $1.892B
YoY Change 31.8% 31.8% -5.83%
LONG-TERM LIABILITIES
Long-Term Debt $4.087B $4.087B $4.090B
YoY Change -0.08% -0.08% 15.83%
Other Long-Term Liabilities $787.1M $787.1M $683.4M
YoY Change 15.16% 15.17% 4.22%
Total Long-Term Liabilities $4.874B $4.874B $4.773B
YoY Change 2.11% 2.11% 14.01%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.493B $2.493B $1.892B
Total Long-Term Liabilities $4.874B $4.874B $4.773B
Total Liabilities $7.655B $7.655B $6.894B
YoY Change 11.04% 10.98% 7.8%
SHAREHOLDERS EQUITY
Retained Earnings $2.720B $1.929B
YoY Change 41.03% 49.46%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.195B $769.0M
YoY Change 55.45% 30.11%
Treasury Stock Shares 15.44M shares 13.33M shares
Shareholders Equity $2.757B $2.757B $2.234B
YoY Change
Total Liabilities & Shareholders Equity $10.41B $10.41B $9.132B
YoY Change 14.02% 14.02% 12.18%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income $444.9M $1.478B $291.4M
YoY Change 52.69% 15.55% 40.64%
Depreciation, Depletion And Amortization $78.02M $315.0M $77.20M
YoY Change 1.07% 6.81% 6.19%
Cash From Operating Activities $386.1M $2.083B $603.6M
YoY Change -36.04% 22.55% -21.66%
INVESTING ACTIVITIES
Capital Expenditures -$119.8M $495.9M -$149.5M
YoY Change -19.84% 12.28% 83.21%
Acquisitions $1.601B
YoY Change
Other Investing Activities -$19.78M -$2.539M -$40.50M
YoY Change -51.17% -203.93% 3015.38%
Cash From Investing Activities -$139.6M -$2.223B -$190.0M
YoY Change -26.52% 318.39% 129.19%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $457.9M
YoY Change 116.83%
Debt Paid & Issued, Net $439.4M
YoY Change -37.62%
Cash From Financing Activities 3.865M -$681.1M -479.2M
YoY Change -100.81% 36.44% -3.91%
NET CHANGE
Cash From Operating Activities 386.1M $2.083B 603.6M
Cash From Investing Activities -139.6M -$2.223B -190.0M
Cash From Financing Activities 3.865M -$681.1M -479.2M
Net Change In Cash 250.3M -$814.7M -65.60M
YoY Change -481.57% -225.2% -134.73%
FREE CASH FLOW
Cash From Operating Activities $386.1M $2.083B $603.6M
Capital Expenditures -$119.8M $495.9M -$149.5M
Free Cash Flow $505.9M $1.587B $753.1M
YoY Change -32.82% 26.15% -11.62%

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0 USD
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1744994000 USD
CY2020 us-gaap Profit Loss
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1275413000 USD
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56698000 USD
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25532000 USD
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67482000 USD
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33211000 USD
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457946000 USD
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1436000 USD
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8750000 USD
CY2021 us-gaap Stockholders Equity Other
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3901000 USD
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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2757229000 USD
CY2021Q4 hsy Number Of Brand Names
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100 brand_name
CY2021Q4 hsy Number Of Countries Where Brands Are Martketed Sold And Distributed
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80 country
CY2021 us-gaap Number Of Reportable Segments
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<div style="margin-top:14pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates </span></div><div style="margin-top:5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying disclosures. Our significant estimates and assumptions include, among others, pension and other post-retirement benefit plan assumptions, valuation assumptions of goodwill and other intangible assets, useful lives of long-lived assets, marketing and trade promotion accruals and income taxes. These estimates and assumptions are based on management’s best judgment. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors, including the current economic environment, and the effects of any revisions are reflected in the consolidated financial statements in the period that they are determined. As future events and their effects cannot be determined with precision, actual results could differ significantly from these estimates.</span></div>
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CY2020 hsy Promotional Costs Estimate Deviation Percentage
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CY2021 hsy Promotional Costs Estimate Deviation Percentage
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24975000 USD
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606282000 USD
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CY2019 us-gaap Interest Expense
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CY2020Q4 us-gaap Derivative Assets
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P30Y1M6D
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0.031
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11542000 USD
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0.210
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1797224000 USD
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1494997000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2021 us-gaap Current Federal Tax Expense Benefit
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CY2020 us-gaap Current Federal Tax Expense Benefit
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CY2019 us-gaap Current Federal Tax Expense Benefit
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CY2021 us-gaap Current State And Local Tax Expense Benefit
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CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
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CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
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CY2021 us-gaap Current Foreign Tax Expense Benefit
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78650000 USD
CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
29158000 USD
CY2019 us-gaap Current Foreign Tax Expense Benefit
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CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
301031000 USD
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
192704000 USD
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
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CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2019 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
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CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2021 us-gaap Income Tax Expense Benefit
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CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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58059000 USD
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81847000 USD
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86412000 USD
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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21898000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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18831000 USD
CY2020Q4 us-gaap Deferred Tax Assets Derivative Instruments
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CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Pensions
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8203000 USD
CY2021Q4 hsy Deferred Tax Asset Leasing Arrangements
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CY2020Q4 hsy Deferred Tax Asset Leasing Arrangements
DeferredTaxAssetLeasingArrangements
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CY2021Q4 hsy Deferred Tax Asset Tax Deferred Expense Accrued Trade Promotion Reserves
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25382000 USD
CY2020Q4 hsy Deferred Tax Asset Tax Deferred Expense Accrued Trade Promotion Reserves
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CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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CY2020Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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CY2020Q4 us-gaap Deferred Tax Assets Other
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CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2021Q4 us-gaap Deferred Tax Assets Net
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168087000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
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156439000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
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CY2020Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
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CY2021Q4 us-gaap Deferred Tax Liabilities Deferred Expense Capitalized Inventory Costs
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CY2020Q4 us-gaap Deferred Tax Liabilities Deferred Expense Capitalized Inventory Costs
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CY2021Q4 us-gaap Deferred Tax Liabilities Derivatives
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1352000 USD
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CY2021Q4 hsy Deferred Tax Liabilities Deferred Expense Compensation And Benefits Pensions
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11871000 USD
CY2020Q4 hsy Deferred Tax Liabilities Deferred Expense Compensation And Benefits Pensions
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0 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Other
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CY2020Q4 us-gaap Deferred Tax Liabilities Other
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58410000 USD
CY2021Q4 us-gaap Deferred Income Tax Liabilities
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CY2020Q4 us-gaap Deferred Income Tax Liabilities
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CY2021Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
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CY2020Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
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CY2020Q4 us-gaap Deferred Income Tax Assets Net
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CY2021Q4 us-gaap Deferred Tax Liabilities
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CY2020Q4 us-gaap Deferred Tax Liabilities
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CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.028
CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2019 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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CY2020 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
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CY2020 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
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EffectiveIncomeTaxRateReconciliationTaxCredits
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CY2020 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
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CY2020 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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0
CY2020 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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0
CY2019 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-0.015
CY2021 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
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-0.011
CY2020 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.009
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.175
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.147
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.169
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
108543000 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
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CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
40145000 USD
CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
10641000 USD
CY2021 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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3601000 USD
CY2020 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2021 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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9858000 USD
CY2020 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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0 USD
CY2021 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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6253000 USD
CY2020 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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CY2021Q4 us-gaap Unrecognized Tax Benefits
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CY2020Q4 us-gaap Unrecognized Tax Benefits
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CY2021Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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CY2020Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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CY2021 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
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CY2020 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
1564000 USD
CY2019 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
3824000 USD
CY2021Q4 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
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18496000 USD
CY2021Q4 us-gaap Undistributed Earnings Of Foreign Subsidiaries
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CY2021 us-gaap Income Tax Credits And Adjustments
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CY2020 us-gaap Income Tax Credits And Adjustments
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CY2019 us-gaap Income Tax Credits And Adjustments
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58798000 USD
CY2021 hsy Numberof Defined Benefit Other Postretirement Plansand Defined Contribution Other Postretirement Plans
NumberofDefinedBenefitOtherPostretirementPlansandDefinedContributionOtherPostretirementPlans
2 postretirement_plan
CY2021Q4 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
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CY2020Q4 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
DefinedBenefitPlanAccumulatedBenefitObligation
1123102000 USD
CY2021Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Projected Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateProjectedBenefitObligation
108034000 USD
CY2020Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Projected Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateProjectedBenefitObligation
759200000 USD
CY2021Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Accumulated Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateAccumulatedBenefitObligation
92462000 USD
CY2020Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Accumulated Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateAccumulatedBenefitObligation
718335000 USD
CY2021Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Fair Value Of Plan Assets
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets
58427000 USD
CY2020Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Fair Value Of Plan Assets
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets
682299000 USD
CY2021Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Weighted Average Interest Crediting Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationWeightedAverageInterestCreditingRate
0.046
CY2020Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Weighted Average Interest Crediting Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationWeightedAverageInterestCreditingRate
0.047
CY2021 us-gaap Defined Contribution Plan Cost Recognized
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58883000 USD
CY2020 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
52793000 USD
CY2019 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
47651000 USD
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
65800000 shares
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
66711000 USD
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
57584000 USD
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
51899000 USD
CY2021 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
11608000 USD
CY2020 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
8580000 USD
CY2019 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
9030000 USD
CY2021Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
82114000 USD
CY2021 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y10M24D
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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1839811 shares
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99.72
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y10M24D
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
32155 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
147.98
CY2021 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
535151 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
94.98
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
3859 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
101.96
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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1332956 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
102.78
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y4M24D
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
120891000 USD
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
1152112 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
101.31
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P4Y1M6D
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
106178000 USD
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.022
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.021
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.027
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.218
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.175
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.170
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.010
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.013
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.025
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y3M18D
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y8M12D
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y6M
CY2021 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-127417000 USD
CY2020 us-gaap Interest Income Expense Nonoperating Net
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