Как в java сравнить два arraylist<object>?

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ArrayList list1 = new ArrayList();
list1.add("one");
list1.add("two");
list1.add("three");

ArrayList list2 = new ArrayList();
list2.add("one");
list2.add("two");
list2.add("three");

if (list1.equals(list2)) {
    System.out.println("The two ArrayLists are equal");
} else {
    System.out.println("The two ArrayLists are not equal");
}

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ArrayList<String> list1 = new ArrayList<>();
list1.add("one");
list1.add("two");
list1.add("three");

ArrayList<String> list2 = new ArrayList<>();
list2.add("two");
list2.add("three");
list2.add("one");

boolean equalLists = list1.size() == list2.size() && list1.containsAll(list2) && list2.containsAll(list1);

if (equalLists) {
    System.out.println("The two ArrayLists contain the same elements disregarding order");
} else {
    System.out.println("The two ArrayLists do not contain the same elements disregarding order");
}