Accumulated Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Oct. 02, 2021

Equity [Abstract]

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 nine months ended October 2, 2021 and October 3, 2020 (in thousands):

	Three-Month (13-Week) Period Ended
	October 2, 2021
	Gains and Losses on			Foreign Currency			Adjustment to Early
	Hedging Derivatives			Gain (Loss)			Retiree Medical Plan		Total
Accumulated other comprehensive   income (loss) at July 3, 2021	$	5,200		$	(85,595	)	$	6,666	$	(73,729	)
Other comprehensive income (loss)    before reclassifications		19,057			(28,772	)		-		(9,715	)
Amounts reclassified from accumulated    other comprehensive income (loss)    into earnings (1)		(2,457	)		-			-		(2,457	)
Net current-period other comprehensive    income (loss)		16,600			(28,772	)		-		(12,172	)
Accumulated other comprehensive    income (loss) at October 2, 2021	$	21,800		$	(114,367	)	$	6,666	$	(85,901	)

	Nine-Month (39-Week) Period Ended
	October 2, 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		28,260			6,460			-		34,720
Amounts reclassified from accumulated    other comprehensive income (loss)    into earnings (1)		(1,760	)		-			-		(1,760	)
Net current-period other comprehensive    income (loss)		26,500			6,460			-		32,960
Accumulated other comprehensive    income (loss) at October 2, 2021	$	21,800		$	(114,367	)	$	6,666	$	(85,901	)

(1)   Includes $(2,457) and $(1,760) 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 2021, respectively. The tax impact of those reclassifications was $(800) and $(700) in the third quarter and first nine months of 2021, respectively.

	Three-Month (13-Week) Period Ended
	October 3, 2020
	Gains and Losses on			Foreign Currency			Adjustment to Early
	Hedging Derivatives			Gain (Loss)			Retiree Medical Plan		Total
Accumulated other comprehensive    income (loss) at July 4, 2020	$	(10,900	)	$	(337,743	)	$	7,807	$	(340,836	)
Other comprehensive income (loss)    before reclassifications		6,387			16,867			-		23,254
Amounts reclassified from accumulated    other comprehensive income (loss)    into earnings (2)		2,113			-			-		2,113
Net current-period other comprehensive    income (loss)		8,500			16,867			-		25,367
Accumulated other comprehensive    income (loss) at October 3, 2020	$	(2,400	)	$	(320,876	)	$	7,807	$	(315,469	)

	Nine-Month (39-Week) Period Ended
	October 3, 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		4,888			(24,103	)		-		(19,215	)
Amounts reclassified from accumulated    other comprehensive income (loss)    into earnings (2)		6,712			-			-		6,712
Net current-period other comprehensive    income (loss)		11,600			(24,103	)		-		(12,503	)
Accumulated other comprehensive    income (loss) at October 3, 2020	$	(2,400	)	$	(320,876	)	$	7,807	$	(315,469	)

(2)   Includes $2,113 and $6,712 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 2020, respectively. The tax impact of those reclassifications was $700 and $2,300 in the third quarter and first nine months of 2020, respectively.