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Defined Benefit Pension Plans (Tables)
 12 Months Ended
Dec. 29, 2018
Text Block [Abstract]  
Components of Net Periodic Benefit Cost and Other Amounts Recognized in Other Comprehensive Loss
The components of net periodic benefit cost and other amounts recognized in other comprehensive loss of the Company’s noncontributory defined benefit pension plans were as follows:
 
 
Years Ended
 
December 29,
2018
 
December 30,
2017
 
December 31,
2016
Service cost
$
2,776

 
$
2,216

 
$
1,856

Interest cost
40,208

 
40,830

 
42,061

Expected return on assets
(45,280
)
 
(41,780
)
 
(47,621
)
Curtailments
(186
)
 
154

 
(489
)
Settlement cost
42

 
23

 
115

Amortization of:
 
 
 
 
 
Prior service cost
(6
)
 
9

 
9

Net actuarial loss
19,699

 
19,053

 
17,052

Net periodic benefit cost
$
17,253

 
$
20,505

 
$
12,983

 
 
 
 
 
 
Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Loss
 
 
 
 
 
Net (gain) loss
$
(20,965
)
 
$
15,186

 
$
41,921

Prior service credit (cost)
6

 
(380
)
 
(9
)
Total (gain) loss recognized in other comprehensive income
(20,959
)
 
14,806

 
41,912

Total recognized in net periodic benefit cost and other comprehensive loss
$
(3,706
)
 
$
35,311

 
$
54,895
Funded Status of Company's Defined Benefit Pension Plans
The funded status of the Company’s defined benefit pension plans at the respective year ends was as follows:
 
 
December 29,
2018
 
December 30,
2017
Benefit obligation:
 
 
 
Beginning of year
$
1,277,722

 
$
1,197,189

Service cost
2,776

 
2,216

Interest cost
40,208

 
40,830

Plan amendment
—

 
(370
)
Benefits paid
(59,808
)
 
(57,464
)
Curtailments
(186
)
 
187

Settlements
(878
)
 
(688
)
Impact of exchange rate change
(4,621
)
 
9,453

Actuarial (gain) loss
(92,156
)
 
86,414

Other
1,461

 
(45
)
End of year
1,164,518

 
1,277,722

 
 
 
 
Fair value of plan assets:
 
 
 
Beginning of year
872,686

 
827,169

Actual return (loss) on plan assets
(46,370
)
 
94,957

Employer contributions
23,176

 
6,376

Benefits paid
(59,808
)
 
(57,464
)
Settlements
(878
)
 
(688
)
Impact of exchange rate change
(2,176
)
 
2,381

Other
(18
)
 
(45
)
End of year
786,612

 
872,686

Funded status
$
(377,906
)
 
$
(405,036
)
Accumulated Benefit Obligation and Fair Value of Plan Assets with Accumulated Benefit Obligations in Excess of Plan Assets
The total benefit obligation and the benefit obligation and fair value of plan assets for the Company’s pension plans with benefit obligations in excess of plan assets are as follows:
 
 
December 29,
2018
 
December 30,
2017
Benefit obligation
$
1,164,518

 
$
1,277,722

Plans with benefit obligation in excess of plan assets:
 
 
 
Benefit obligation
1,136,559

 
1,245,844

Fair value of plan assets
760,155

 
842,168
Amounts Recognized in Company's Consolidated Balance Sheets
Amounts recognized in the Company’s Consolidated Balance Sheets consist of:
 
 
December 29,
2018
 
December 30,
2017
Current liabilities
$
(3,765
)
 
$
(3,663
)
Noncurrent liabilities
(374,615
)
 
(401,749
)
Accumulated other comprehensive loss
(597,457
)
 
(618,416
)
Amounts Recognized in Accumulated Other Comprehensive Loss
Amounts recognized in accumulated other comprehensive loss consist of:
 
 
December 29,
2018
 
December 30,
2017
Prior service cost
$
(157
)
 
$
(163
)
Actuarial loss
597,614

 
618,579

 
$
597,457

 
$
618,416
Weighted Average Actuarial Assumptions Used in Measuring Net Periodic Benefit Cost and Plan Obligation
The weighted average actuarial assumptions used in measuring the net periodic benefit cost and plan obligations for the periods presented were as follows:
 
 
December 29,
2018
 
December 30,
2017
 
December 31,
2016
Net periodic benefit cost:
 
 
 
 
 
Discount rate
3.60
%
 
4.15
%
 
4.43
%
Long-term rate of return on plan assets
5.32

 
5.21

 
5.80

Rate of compensation increase(1)
4.40

 
3.84

 
3.51

 
 
 
 
 
 
Plan obligations:
 
 
 
 
 
Discount rate
4.24
%
 
3.60
%
 
4.15
%
Rate of compensation increase(1)
4.40

 
4.40

 
3.84


 
 
(1)
The compensation increase assumption applies to the international plans and portions of the nonqualified retirement plans, as benefits under these plans were not frozen at December 29, 2018, December 30, 2017 and December 31, 2016.
Allocation of Pension Plan Assets
The allocation of pension plan assets as of the respective period end measurement dates is as follows:
 
 
December 29,
2018
 
December 30,
2017
Asset category:
 
 
 
Hedge fund of funds
40
%
 
38
%
Debt securities
20

 
18

U.S. equity securities
18

 
20

Foreign equity securities
14

 
17

Real estate
6

 
5

Commodities
2

 
2

Insurance contracts
—

 
—

Cash and other
—

 
—