Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Apr. 03, 2021

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

13. 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 3, 2021 and April 4, 2020 (in thousands):

	Three-Month (13-Week) Period Ended
	April 3, 2021
	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, 2020	$	(4,700	)	$	(120,827	)	$	6,666	$	(118,861	)
Other comprehensive income (loss)    before reclassifications		999			13,801			-		14,800
Amounts reclassified from accumulated    other comprehensive income (loss)    into earnings (1)		501			-			-		501
Net current-period other comprehensive    income (loss)		1,500			13,801			-		15,301
Accumulated other comprehensive    income (loss) at April 3, 2021	$	(3,200	)	$	(107,026	)	$	6,666	$	(103,560	)

	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	)

(1)   Includes $501 and $2,056 of accumulated other comprehensive income (loss) reclassifications into cost of products sold for net losses on commodity contracts in the first quarter of 2021 and 2020, respectively. The tax impact of those reclassifications was $100 and $700 in the first quarter of 2021 and 2020, respectively.