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Other Comprehensive Earnings
 12 Months Ended
Dec. 28, 2014
Other comprehensive earnings (loss) [Abstract]  
Other Comprehensive Earnings (Loss)
(2) Other Comprehensive Earnings (Loss)
Components of other comprehensive earnings (loss) are presented within the consolidated statements of comprehensive earnings. The following table presents the related tax effects on changes in other comprehensive earnings (loss) for the three years ended December 28, 2014.

  
2014
  
2013
  
2012
 
       
Other comprehensive earnings (loss), tax effect:
      
Tax benefit (expense) on cash flow hedging activities
 
$
8,259
   
(511
)
  
(384
)
Tax benefit (expense) on unrealized holding gains
  
(1,077
)
  
-
   
-
 
Tax benefit (expense) on unrecognized pension and postretirement amounts
  
23,869
   
(25,193
)
  
18,714
 
Reclassifications to earnings, tax effect:
            
   Tax (benefit) expense on cash flow hedging activities
  
(2,488
)
  
946
   
1,378
 
   Tax (benefit) expense on unrecognized
pension and postretirement amounts reclassified to the consolidated statements of operations
  
(1,327
)
  
(4,275
)
  
(2,498
)
             
Total tax effect on other comprehensive earnings (loss)
 
$
27,236
   
(29,033
)
  
17,210
 



In 2014, 2013 and 2012, net (gains) losses on cash flow hedging activities reclassified to earnings, net of tax, included losses of $(58), $(168) and $90, respectively, as a result of hedge ineffectiveness.

At December 28, 2014, the Company had remaining net deferred gains on hedging instruments, net of tax, of $43,689 in AOCE. These instruments hedge payments related to inventory purchased in the fourth quarter of 2014 or forecasted to be purchased during 2015 and 2016, intercompany expenses expected to be paid or received during 2015 and 2016, cash receipts for sales made at the end of 2014 or forecasted to be made in 2015 and 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, royalties or expenses.  Of the net deferred gains included in AOCE at December 28, 2014, the Company expects approximately $28,834 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.

Changes in the components of accumulated other comprehensive earnings (loss), net of tax 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 Earnings (Loss)
 
2014
          
Balance at December 29, 2013
 
$
(64,841
)
  
(7,313
)
  
-
   
38,019
   
(34,135
)
Current period other comprehensive earnings (loss)
  
(51,206
)
  
47,600
   
1,900
   
(65,970
)
  
(67,676
)
Reclassifications from AOCE to earnings
  
2,955
   
3,402
   
-
   
-
   
6,357
 
Balance at December 28, 2014
 
$
(113,092
)
  
43,689
   
1,900
   
(27,951
)
  
(95,454
)
                     
2013
                    
Balance at December 30, 2012
 
$
(120,422
)
  
(1,008
)
  
-
   
49,123
   
(72,307
)
Current period other comprehensive earnings (loss)
  
47,081
   
(3,075
)
  
-
   
(11,104
)
  
32,902
 
Reclassifications from AOCE to earnings
  
8,500
   
(3,230
)
  
-
   
-
   
5,270
 
Balance at December 29, 2013
 
$
(64,841
)
  
(7,313
)
  
-
   
38,019
   
(34,135
)
                     
2012
                    
Balance at December 25, 2011
 
$
(86,822
)
  
10,081
   
-
   
40,798
   
(35,943
)
Current period other comprehensive earnings (loss)
  
(38,335
)
  
(3,704
)
  
-
   
8,325
   
(33,714
)
Reclassifications from AOCE to earnings
  
4,735
   
(7,385
)
  
-
   
-
   
(2,650
)
Balance at December 30, 2012
 
$
(120,422
)
  
(1,008
)
  
-
   
49,123
   
(72,307
)

See notes 14 and 16 for additional discussion on reclassifications from AOCE to earnings.