Derivative Financial Instruments (Tables)

6 Months Ended

Jul. 02, 2017

Derivative Financial Instruments (Thousands of Dollars) [Abstract]

Summary of Cash Flow Hedging Instruments

	July 2, 2017				June 26, 2016				December 25, 2016
	Notional		Fair		Notional		Fair		Notional		Fair
Hedged transaction	Amount		Value		Amount		Value		Amount		Value
Inventory purchases	$	942,896		259		1,301,560		54,698		945,728		60,520
Sales		618,755		15,229		218,459		(2,792)		290,181		9,775
Royalties and Other		308,407		(9,545)		259,963		(2,810)		198,849		1,633
Total	$	1,870,058		5,943		1,779,982		49,096		1,434,758		71,928

Derivatives Fair Value by Balance Sheet Location

	July 2,		June 26,		December 25,
	2017		2016		2016
Prepaid expenses and other current assets
Unrealized gains	$	12,220		49,195		34,265
Unrealized losses		(4,059)		(9,953)		(2,075)
Net unrealized gain	$	8,161		39,242		32,190
Other assets
Unrealized gains	$	22,468		29,838		51,839
Unrealized losses		(5,257)		(6,836)		(792)
Net unrealized gains	$	17,211		23,002		51,047
Accrued liabilities
Unrealized gains	$	6,403		1,660		8,481
Unrealized losses		(23,421)		(10,600)		(19,790)
Net unrealized loss	$	(17,018)		(8,940)		(11,309)
Other liabilities
Unrealized gains	$	2,079		223		-
Unrealized losses		(4,490)		(4,431)		-
Net unrealized loss	$	(2,411)		(4,208)		-

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

	Quarter Ended				Six Months Ended
	July 2,		June 26,		July 2,		June 26,
	2017		2016		2017		2016
Statements of Operations Classification
Cost of sales	$	2,711		11,438		12,585		27,136
Sales		475		318		1,016		416
Other		(436)		(738)		(405)		(731)
Net realized gains	$	2,750		11,018		13,196		26,821

Fair values of undesignated derivative financial instruments

	July 2,		June 26,		December 25,
	2017		2016		2016
Prepaid expenses and other current assets
Unrealized gains	$	-		1,033		5,854
Unrealized losses		-		-		(1,197)
Net unrealized gain	$	-		1,033		4,657
Accrued liabilities
Unrealized gains	$	55		-		-
Unrealized losses		(2,870)		-		-
Net unrealized loss	$	(2,815)		-		-
Total unrealized (loss) gain, net	$	(2,815)		1,033		4,657