Accumulated Other Comprehensive (Loss) Income

9 Months Ended

Oct. 01, 2016

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 October 1, 2016
	Gains and Losses on Hedging Derivatives			Foreign Currency Gain (Loss)			Adjustment to Early Retiree Medical Plan		Total
July 2, 2016	$	(3,900	)	$	(289,481	)	$	12,003	$	(281,378	)
Other comprehensive income (loss) before reclassifications		(600	)		(8,606	)		—		(9,206	)
Amounts reclassified from accumulated other comprehensive income (loss) into earnings (1)		2,000			—			—		2,000
Net current-period other comprehensive income (loss)		1,400			(8,606	)		—		(7,206	)
October 1, 2016	$	(2,500	)	$	(298,087	)	$	12,003	$	(288,584	)
	Nine-Month (39-Week) Period Ended October 1, 2016
	Gains and Losses on Hedging Derivatives			Foreign Currency Gain (Loss)			Adjustment to Early Retiree Medical Plan		Total
December 31, 2015	$	(11,700	)	$	(351,665	)	$	12,003	$	(351,362	)
Other comprehensive income (loss) before reclassifications		912			53,578			—		54,490
Amounts reclassified from accumulated other comprehensive income (loss) into earnings (1)		8,288			—			—		8,288
Net current-period other comprehensive income (loss)		9,200			53,578			—		62,778
October 1, 2016	$	(2,500	)	$	(298,087	)	$	12,003	$	(288,584	)

⁽¹⁾  Includes $2,000 and $8,288 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 2016, respectively. The tax impacts of those reclassifications were $1,200 and $4,800, respectively.

	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 (2)		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 (2)		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	)

⁽²⁾  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.