Accumulated Other Comprehensive (Loss) Income

6 Months Ended

Jul. 04, 2015

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive (Loss) Income

16. ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME: The following tables reflect the changes in accumulated other comprehensive (loss) income by component (in thousands):

	Three Month (13 week) Period Ended July 4, 2015
	Gains and Losses on Hedging Derivatives			Foreign Currency Gain (Loss)			Adjustment to Early Retiree Medical Plan		Total
April 4, 2015	$	(10,100	)	$	(265,663	)	$	11,260	$	(264,503	)
Other comprehensive income (loss) before reclassifications		(464	)		24,395			—		23,931
Amounts reclassified from accumulated other comprehensive income (loss) into earnings (1)		1,164			2,700			—		3,864
Net current-period other comprehensive income (loss)		700			27,095			—		27,795
July 4, 2015	$	(9,400	)	$	(238,568	)	$	11,260	$	(236,708	)

	Six Month (26 week) Period Ended July 4, 2015
	Gains and Losses on Hedging Derivatives			Foreign Currency Gain (Loss)			Adjustment to Early Retiree Medical Plan		Total
December 31, 2014	$	(8,000	)	$	(148,968	)	$	11,260	$	(145,708	)
Other comprehensive income (loss) before reclassifications		(2,732	)		(92,300	)		—		(95,032	)
Amounts reclassified from accumulated other comprehensive income (loss) into earnings (1)		1,332			2,700			—		4,032
Net current-period other comprehensive income (loss)		(1,400	)		(89,600	)		—		(91,000	)
July 4, 2015	$	(9,400	)	$	(238,568	)	$	11,260	$	(236,708	)

⁽¹⁾  Includes $1,164 and $1,332 of accumulated other comprehensive income reclassifications into cost of products sold for net losses on commodity contracts in the second quarter and first six months of 2015, respectively. The tax impacts of those reclassifications were $700 and $800, respectively. Also includes $2,700 of accumulated other comprehensive income reclassifications into marketing, administrative, and other expenses for net losses on translation in the second quarter and first six months of 2015. The tax impacts of those reclassifications were $1,500 in the second quarter and first six months of 2015.

	Three Month (13 week) Period Ended July 5, 2014
	Gains and Losses on Hedging Derivatives			Foreign Currency Gain (Loss)			Adjustment to Early Retiree Medical Plan		Total
April 5, 2014	$	(1,400	)	$	(50,915	)	$	16,518	$	(35,797	)
Other comprehensive income (loss) before reclassifications		238			31,845			—		32,083
Amounts reclassified from accumulated other comprehensive income (loss) into earnings (2)		(238	)		—			—		(238	)
Net current-period other comprehensive income (loss)		—			31,845			—		31,845
July 5, 2014	$	(1,400	)	$	(19,070	)	$	16,518	$	(3,952	)

	Six Month (26 week) Period Ended July 5, 2014
	Gains and Losses on Hedging Derivatives			Foreign Currency Gain (Loss)			Adjustment to Early Retiree Medical Plan		Total
December 31, 2013	$	—		$	(7,438	)	$	16,518	$	9,080
Other comprehensive income (loss) before reclassifications		(1,633	)		(11,632	)		—		(13,265	)
Amounts reclassified from accumulated other comprehensive income (loss) into earnings (2)		233			—			—		233
Net current-period other comprehensive income (loss)		(1,400	)		(11,632	)		—		(13,032	)
July 5, 2014	$	(1,400	)	$	(19,070	)	$	16,518	$	(3,952	)

⁽²⁾  Includes $(238) and $233 of accumulated other comprehensive income reclassifications into cost of products sold for net losses on commodity contracts in the second quarter and first six months of 2014, respectively. The tax impacts of those reclassifications were ($100) and $100, respectively.