XML 31 R19.htm IDEA: XBRL DOCUMENT v3.20.2
Shareholders' Equity
 6 Months Ended
Jun. 27, 2020
Accumulated Other Comprehensive Income (Loss) [Line Items]  
Stockholders' Equity Note Disclosure [Text Block] Shareholders’ Equity
Accumulated Other Comprehensive Loss

The following table presents the changes in Accumulated other comprehensive loss, excluding noncontrolling interests:
Quarter EndedSix Months Ended
June 27,
2020		June 29,
2019		June 27,
2020		June 29,
2019
Foreign Currency Translation Adjustment and Other:
Other comprehensive gain (loss) before reclassifications (a)
$36,940  $15,560  $(40,267) $20,836  
Amounts reclassified into income
(555) (54) (449) (240) 
Unrealized Gain (Loss) on Foreign Exchange Contracts Designated as Net Investment Hedges, Net:
Other comprehensive income (loss) before reclassifications
(361) 224  17,286  6,816  
Amounts reclassified into income
(1,670) (1,651) (3,340) (2,710) 
Unrealized Loss on Interest Rate Swaps Designated as Cash Flow Hedges, Net:
Other comprehensive loss before reclassifications
(243) (6,849) (29,799) (6,849) 
Amounts reclassified into income
258  243  1,417  483  
Employee Benefit Plan Items, Net:
Amounts reclassified into income
(2,374) 85  (126) 404  
Net change in Accumulated other comprehensive income (loss)
$31,995  $7,558  $(55,278) $18,740  
(a)  Includes intra-entity foreign currency transactions that are of a long-term investment nature of $(5,183) and $4,134 for the second quarter and first six months of 2020 and $(9,079) and $780 for the second quarter and first six months of 2019, respectively.

Share-Repurchase Program

The following table shows the company’s Board of Directors (the “Board”) approved share-repurchase programs as of June 27, 2020:
Month of Board ApprovalDollar Value Approved for RepurchaseDollar Value of Shares RepurchasedApproximate
Dollar Value of
Shares that May
Yet be
Purchased
Under the
Program
December 2016$400,000  $400,000  $—  
December 2018600,000  486,572  113,428  
Total$1,000,000  $886,572  $113,428  

The amounts repurchased during 2020 were pursuant to the company’s $600,000 share-repurchase program that was approved by the Board on December 11, 2018. During July 2020, the company's Board approved an additional $600,000 share-repurchase program. The 2018 and 2020 share-repurchase programs have no fixed expiration dates and are discretionary in nature. The Board has the ability to modify, suspend, or discontinue the programs at any time.