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Other Comprehensive Earnings (Loss)
 12 Months Ended
Dec. 28, 2014
Other Comprehensive Earnings (Loss) [Abstract]  
Other Comprehensive Earnings (Loss)

(3) Other Comprehensive Earnings (Loss)

Components of other comprehensive earnings (loss) are presented within the consolidated statements of comprehensive earnings (loss). The following table presents the related tax effects on changes in other comprehensive earnings (loss) for the quarters ended March 29, 2015 and March 30, 2014.

  
March 29, 2015
  
March 30, 2014
 
     
Other comprehensive (loss) earnings, tax effect:
    
Tax (expense) benefit on cash flow hedging activities
 
$
(4,815
)
  
9,474
 
Tax expense on unrealized holding gains
  
(128
)
  
(1,272
)
Reclassifications to earnings, tax effect:
        
   Tax expense (benefit) on cash flow hedging activities
  
342
   
(223
)
   Tax benefit on unrecognized pension and postretirement
   amounts reclassified to the consolidated statements of
   operations
  
(684
)
  
(303
)
         
Total tax effect on other comprehensive earnings (loss)
 
$
(5,285
)
  
7,676
 




Changes in the components of accumulated other comprehensive loss for the quarters ended March 29, 2015 and March 30, 2014 are as follows:

  
Pension and Postretirement Amounts
  
Gains (Losses) on Derivative Instruments
  
Unrealized Holding Gains on Available-for-Sale Securities
  
Foreign Currency Translation Adjustments
  
Total Accumulated Other Comprehensive Loss
 
2015
          
Balance at Dec. 28, 2014
 
$
(113,092
)
  
43,689
   
1,900
   
(27,951
)
  
(95,454
)
Current period other comprehensive earnings (loss)
  
1,204
   
54,339
   
226
   
(47,311
)
  
8,458
 
Balance at March 29, 2015
 
$
(111,888
)
  
98,028
   
2,126
   
(75,262
)
  
(86,996
)
                     
2014
                    
Balance at Dec. 29, 2013
 
$
(64,841
)
  
(7,313
)
  
-
   
38,019
   
(34,135
)
Current period other comprehensive earnings (loss)
  
534
   
(14,913
)
  
2,243
   
(2,294
)
  
(14,430
)
Balance at March 30, 2014
 
$
(64,307
)
  
(22,226
)
  
2,243
   
35,725
   
(48,565
)

At March 29, 2015, the Company had remaining net deferred gains on hedging instruments, net of tax, of $98,028 in accumulated other comprehensive loss ("AOCE"). These instruments hedge payments related to inventory purchased in the first quarter of 2015 or forecasted to be purchased during the remainder of 2015 and, to a lesser extent, 2016 through 2019, intercompany expenses expected to be paid or received during 2015 and 2016, cash receipts for sales made at the end of the first quarter of 2015 or forecasted to be made in the remainder of 2015 and, to a lesser extent, 2016 through 2017. In addition, the Company entered into hedging contracts on interest payments related to long-term notes due 2021 and 2044.  These amounts will be reclassified into the consolidated statements of operations upon the sale of the related inventory or recognition of the related sales or expenses.  Of the amount included in AOCE at March 29, 2015, the Company expects approximately $55,029 to be reclassified to the consolidated statements of operations within the next 12 months. However, the amount ultimately realized in earnings is dependent on the fair value of the hedging instruments on the settlement dates.