Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Apr. 04, 2020

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

14. Accumulated Other Comprehensive Income (Loss)

The following tables reflect the changes in accumulated other comprehensive income (loss) by component for the three months ended April 4, 2020 and March 30, 2019 (in thousands):

	Three-Month (13-Week) Period Ended
	April 4, 2020
	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, 2019	$	(14,000	)	$	(296,773	)	$	7,807	$	(302,966	)
Other comprehensive income (loss)    before reclassifications		(2,256	)		(64,461	)		-		(66,717	)
Amounts reclassified from accumulated    other comprehensive income (loss)    into earnings (1)		2,056			-			-		2,056
Net current-period other comprehensive    income (loss)		(200	)		(64,461	)		-		(64,661	)
Accumulated other comprehensive    income (loss) at April 4, 2020	$	(14,200	)	$	(361,234	)	$	7,807	$	(367,627	)

	Three-Month (13-Week) Period Ended
	March 30, 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		731			(6,640	)		-		(5,909	)
Amounts reclassified from accumulated    other comprehensive income (loss)    into earnings (1)		(631	)		-			-		(631	)
Net current-period other comprehensive    income (loss)		100			(6,640	)		-		(6,540	)
Other		-			-			1,886		1,886
Accumulated other comprehensive    income (loss) at March 30, 2019	$	(6,400	)	$	(311,286	)	$	8,899	$	(308,787	)

(1)   Includes $2,056 and $(631) of accumulated other comprehensive income (loss) reclassifications into cost of products sold for net losses on commodity contracts in the first quarter of 2020 and 2019, respectively. The tax impact of those reclassifications was $700 and $(200) in the first quarter of 2020 and 2019, respectively.

Included in the $361.2 million foreign currency losses at April 4, 2020 are $191.6 million of losses related to our equity method investment in Duferdofin Nucor and $169.6 million of losses related primarily to our Canadian operations.