Accumulated Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jul. 04, 2020

Components of Accumulated Other Comprehensive Income (Loss)

The following tables reflect the changes in accumulated other comprehensive income (loss) by component for the three months and six months ended July 4, 2020 and June 29, 2019 (in thousands):

	Three-Month (13-Week) Period Ended
	July 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 April 4, 2020	$	(14,200	)	$	(361,234	)	$	7,807	$	(367,627	)
Other comprehensive income (loss) before reclassifications		757			23,491			-		24,248
Amounts reclassified from accumulated other comprehensive income (loss) into earnings ⁽¹⁾		2,543			-			-		2,543
Net current-period other comprehensive income (loss)		3,300			23,491			-		26,791
Accumulated other comprehensive income (loss) at July 4, 2020	$	(10,900	)	$	(337,743	)	$	7,807	$	(340,836	)

	Six-Month (26-Week) Period Ended
	July 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		(1,499	)		(40,970	)		-		(42,469	)
Amounts reclassified from accumulated other comprehensive income (loss) into earnings ⁽¹⁾		4,599			-			-		4,599
Net current-period other comprehensive income (loss)		3,100			(40,970	)		-		(37,870	)
Accumulated other comprehensive income (loss) at July 4, 2020	$	(10,900	)	$	(337,743	)	$	7,807	$	(340,836	)

(1) Includes $2,543 and $4,599 of accumulated other comprehensive income (loss) reclassifications into cost of products sold for net losses on commodity contracts in the second quarter and first six months of 2020, respectively. The tax impacts of those reclassifications were $900 and $1,600 in the second quarter and first six months of 2020, respectively.

	Three-Month (13-Week) Period Ended
	June 29, 2019
	Gains and Losses on			Foreign Currency			Adjustment to Early
	Hedging Derivatives			Gain (Loss)			Retiree Medical Plan		Total
Accumulated other comprehensive income (loss) at March 30, 2019	$	(6,400	)	$	(311,286	)	$	8,899	$	(308,787	)
Other comprehensive income (loss) before reclassifications		(5,217	)		15,727			-		10,510
Amounts reclassified from accumulated other comprehensive income (loss) into earnings ⁽¹⁾		517			-			-		517
Net current-period other comprehensive income (loss)		(4,700	)		15,727			-		11,027
Accumulated other comprehensive income (loss) at June 29, 2019	$	(11,100	)	$	(295,559	)	$	8,899	$	(297,760	)

	Six-Month (26-Week) Period Ended
	June 29, 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		(4,486	)		9,087			-		4,601
Amounts reclassified from accumulated other comprehensive income (loss) into earnings ⁽¹⁾		(114	)		-			-		(114	)
Net current-period other comprehensive income (loss)		(4,600	)		9,087			-		4,487
Other		-			-			1,886		1,886
Accumulated other comprehensive income (loss) at June 29, 2019	$	(11,100	)	$	(295,559	)	$	8,899	$	(297,760	)

(1) Includes $517 and $(114) of accumulated other comprehensive income (loss) reclassifications into cost of products sold for net losses on commodity contracts in the second quarter and first six months of 2019, respectively. The tax impacts of those reclassifications were $200 and $0 in the second quarter and first six months of 2019, respectively.