Derivative Financial Instruments (Tables)

3 Months Ended

Apr. 02, 2017

Derivative Financial Instruments (Thousands of Dollars) [Abstract]

Summary of Cash Flow Hedging Instruments

	April 2, 2017				March 27, 2016				December 25, 2016
	Notional		Fair		Notional		Fair		Notional		Fair
Hedged transaction	Amount		Value		Amount		Value		Amount		Value
Inventory purchases	$	974,235		35,711		1,277,977		69,748		945,728		60,520
Sales		423,828		1,083		82,072		258		290,181		9,775
Royalties and Other		324,008		(1,345)		270,207		(4,077)		198,849		1,633
Total	$	1,722,071		35,449		1,630,256		65,929		1,434,758		71,928

Derivatives Fair Value by Balance Sheet Location

	April 2,		March 27,		December 25,
	2017		2016		2016
Prepaid expenses and other current assets
Unrealized gains	$	23,241		53,774		34,265
Unrealized losses		(3,204)		(6,890)		(2,075)
Net unrealized gain	$	20,037		46,884		32,190
Other assets
Unrealized gains	$	39,032		26,454		51,839
Unrealized losses		(3,052)		(3,618)		(792)
Net unrealized gains	$	35,980		22,836		51,047
Accrued liabilities
Unrealized gains	$	9,041		1,900		8,481
Unrealized losses		(28,591)		(3,086)		(19,790)
Net unrealized loss	$	(19,550)		(1,186)		(11,309)
Other liabilities
Unrealized gains	$	149		1,349		-
Unrealized losses		(1,167)		(3,954)		-
Net unrealized loss	$	(1,018)		(2,605)		-

Schedule of Derivative Instruments, Gain (Loss) in Statement of Operations

	Quarter Ended
	April 2,		March 27,
	2017		2016
Statements of Operations Classification
Cost of sales	$	9,874		15,698
Sales		541		98
Other		31		7
Net realized gains	$	10,446		15,803

Fair values of undesignated derivative financial instruments

	April 2,		March 27,		December 25,
	2017		2016		2016
Prepaid expenses and other current assets
Unrealized gains	$	-		-		5,854
Unrealized losses		-		-		(1,197)
Net unrealized gain	$	-		-		4,657
Accrued liabilities
Unrealized gains	$	289		321		-
Unrealized losses		(316)		(462)		-
Net unrealized loss	$	(27)		(141)		-
Total unrealized (loss) gain, net	$	(27)		(141)		4,657