Accumulated Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Sep. 28, 2019

Components of Accumulated Other Comprehensive Income (Loss)

The following tables reflect the changes in accumulated other comprehensive income (loss) by component for the three- and nine-month periods ended September 28, 2019 and September 29, 2018 (in thousands):

	Three-Month (13-Week) Period Ended
	September 28, 2019
	Gains and Losses on			Foreign Currency			Adjustment to Early
	Hedging Derivatives			Gain (Loss)			Retiree Medical Plan		Total
Accumulated other comprehensive income (loss) at June 29, 2019	$	(11,100	)	$	(295,559	)	$	8,899	$	(297,760	)
Other comprehensive income (loss) before reclassifications		(3,315	)		(14,306	)		-		(17,621	)
Amounts reclassified from accumulated other comprehensive income (loss) into earnings ⁽¹⁾		1,615			-			-		1,615
Net current-period other comprehensive income (loss)		(1,700	)		(14,306	)		-		(16,006	)
Accumulated other comprehensive income (loss) at September 28, 2019	$	(12,800	)	$	(309,865	)	$	8,899	$	(313,766	)

	Nine-Month (39-Week) Period Ended
	September 28, 2019
	Gains and Losses on			Foreign Currency			Adjustment to Early
	Hedging Derivatives			Gain (Loss)			Retiree Medical Plan		Total
Accumulated other comprehensive income (loss) at December 31, 2018	$	(6,500	)	$	(304,646	)	$	7,013	$	(304,133	)
Other comprehensive income (loss) before reclassifications		(7,801	)		(5,219	)		-		(13,020	)
Amounts reclassified from accumulated other comprehensive income (loss) into earnings ⁽¹⁾		1,501			-			-		1,501
Net current-period other comprehensive income (loss)		(6,300	)		(5,219	)		-		(11,519	)
Other		-			-			1,886		1,886
Accumulated other comprehensive income (loss) at September 28, 2019	$	(12,800	)	$	(309,865	)	$	8,899	$	(313,766	)

(1)

Includes $1,615 and $1,501 of accumulated other comprehensive income (loss) reclassifications into cost of products sold for net losses on commodity contracts in the third quarter and first nine months of 2019, respectively. The tax impact of those reclassifications was $500 in both the third quarter and first nine months of 2019.

	Three-Month (13-Week) Period Ended
	September 29, 2018
	Gains and Losses on			Foreign Currency			Adjustment to Early
	Hedging Derivatives			Gain (Loss)			Retiree Medical Plan		Total
Accumulated other comprehensive income (loss) at June 30, 2018	$	(6,800	)	$	(294,864	)	$	5,632	$	(296,032	)
Other comprehensive income (loss) before reclassifications		(1,393	)		22,625			-		21,232
Amounts reclassified from accumulated other comprehensive income (loss) into earnings ⁽²⁾		193			-			-		193
Net current-period other comprehensive income (loss)		(1,200	)		22,625			-		21,425
Accumulated other comprehensive income (loss) at September 29, 2018	$	(8,000	)	$	(272,239	)	$	5,632	$	(274,607	)

	Nine-Month (39-Week) Period Ended
	September 29, 2018
	Gains and Losses on			Foreign Currency			Adjustment to Early
	Hedging Derivatives			Gain (Loss)			Retiree Medical Plan		Total
Accumulated other comprehensive income (loss) at December 31, 2017	$	(2,800	)	$	(257,513	)	$	5,632	$	(254,681	)
Other comprehensive income (loss) before reclassifications		(5,792	)		(14,726	)		-		(20,518	)
Amounts reclassified from accumulated other comprehensive income (loss) into earnings ⁽²⁾		592			-			-		592
Net current-period other comprehensive income (loss)		(5,200	)		(14,726	)		-		(19,926	)
Accumulated other comprehensive income (loss) at September 29, 2018	$	(8,000	)	$	(272,239	)	$	5,632	$	(274,607	)

(2) Includes $193 and $592 of accumulated other comprehensive income (loss) reclassifications into cost of products sold for net losses on commodity contracts in the third quarter and first nine months of 2018, respectively. The tax impact of those reclassifications was $100 and $200 in the third quarter and first nine months of 2018, respectively.