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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jul. 02, 2022
Jul. 03, 2021
Jul. 02, 2022
Jul. 03, 2021
Consolidated net income $ 371,495 $ 241,202 $ 737,491 $ 448,430
Other comprehensive income (loss):        
Foreign currency translation adjustment and other, net of taxes (221,200) 13,699 (271,110) (48,222)
Unrealized gain on foreign exchange contracts designated as net investment hedges, net of taxes 14,251 223 13,676 5,529
Unrealized gain (loss) on interest rate swaps designated as cash flow hedges, net of taxes 11,679 (19,360) 19,884 16,992
Employee benefit plan items, net of taxes 89 1,148 188 982
Other comprehensive loss (195,181) (4,290) (237,362) (24,719)
Comprehensive income 176,314 236,912 500,129 423,711
Less: Comprehensive income (loss) attributable to non-controlling interests (975) 1,011 (597) 65
Comprehensive income attributable to shareholders $ 177,289 $ 235,901 $ 500,726 $ 423,646