1 cup butter
1 cup sugar
1 cup brown sugar
1 cup light corn syrup
1 cup sweetened condensed milk (I use 14 oz or the entire can and it turns out great too)
Heat first four ingredients in a large saucepan.l Bring to a rapid boil and allow to boil a few minutes. Lower heat to medium and add the condensed milk, stirring constantly until desired ball stage.
*For caramel popcorn or popcorn balls, cook to a soft ball stage.
*For caramel candy, cook to a medium ball stage (15-30 minutes)
*For caramel suckers, cook to a crack stage
For caramels, pour mixture into a 9X13 buttered dish and let cool.