Accumulated Other Comprehensive (Loss) Income (Tables)

9 Months Ended

Oct. 03, 2015

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Components of 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 October 3, 2015
	Gains and Losses on Hedging Derivatives			Foreign Currency Gain (Loss)			Adjustment to Early Retiree Medical Plan		Total
July 4, 2015	$	(9,400	)	$	(238,568	)	$	11,260	$	(236,708	)
Other comprehensive income (loss) before reclassifications		(3,985	)		(62,903	)		—		(66,888	)
Amounts reclassified from accumulated other comprehensive income (loss) into earnings (1)		1,685			—			—		1,685
Net current-period other comprehensive income (loss)		(2,300	)		(62,903	)		—		(65,203	)
October 3, 2015	$	(11,700	)	$	(301,471	)	$	11,260	$	(301,911	)

	Nine Month (39 Week) Period Ended October 3, 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		(6,717	)		(155,203	)		—		(161,920	)
Amounts reclassified from accumulated other comprehensive income (loss) into earnings (1)		3,017			2,700			—		5,717
Net current-period other comprehensive income (loss)		(3,700	)		(152,503	)		—		(156,203	)
October 3, 2015	$	(11,700	)	$	(301,471	)	$	11,260	$	(301,911	)

⁽¹⁾  Includes $1,685 and $3,017 of accumulated other comprehensive income reclassifications into cost of products sold for net losses on commodity contracts in the third quarter and first nine months of 2015, respectively. The tax impacts of those reclassifications were $1,000 and $1,800, respectively. Also includes $2,700 of accumulated other comprehensive income reclassifications into marketing, administrative, and other expenses for net losses on translation in the first nine months of 2015 (none in the third quarter of 2015). The tax impact of the reclassification was $1,500 in the first nine months of 2015.

	Three Month (13 Week) Period Ended October 4, 2014
	Gains and Losses on Hedging Derivatives			Foreign Currency Gain (Loss)			Adjustment to Early Retiree Medical Plan		Total
July 5, 2014	$	(1,400	)	$	(19,070	)	$	16,518	$	(3,952	)
Other comprehensive income (loss) before reclassifications		103			(81,689	)		—		(81,586	)
Amounts reclassified from accumulated other comprehensive income into earnings (2)		197			—			—		197
Net current-period other comprehensive income (loss)		300			(81,689	)		—		(81,389	)
October 4, 2014	$	(1,100	)	$	(100,759	)	$	16,518	$	(85,341	)

	Nine Month (39 Week) Period Ended October 4, 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 (loss) income before reclassifications		(1,530	)		(93,321	)		—		(94,851	)
Amounts reclassified from accumulated other comprehensive income (loss) into earnings (2)		430			—			—		430
Net current-period other comprehensive (loss) income		(1,100	)		(93,321	)		—		(94,421	)
October 4, 2014	$	(1,100	)	$	(100,759	)	$	16,518	$	(85,341	)

⁽²⁾  Includes $197 and $430 of accumulated other comprehensive income reclassifications into cost of products sold for net losses on commodity contracts in the third quarter and first nine months of 2014, respectively. The tax impacts of those reclassifications were $100 and $200, respectively.