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Other Comprehensive Income (Notes)
 6 Months Ended
Jul. 02, 2022
Disclosure Other Comprehensive Income Additional Information [Abstract]  
Other Comprehensive Income Other Comprehensive Income
The company reports changes in equity during a period, except those resulting from investments by owners and distributions to owners, in accordance with ASC 220, "Comprehensive Income".
Changes in accumulated other comprehensive income(1) were as follows (in thousands):
 Currency Translation AdjustmentPension Benefit CostsUnrealized Gain/(Loss) Interest Rate SwapUnrealized Gain/(Loss) Certain InvestmentsTotal
Balance as of January 1, 2022$(97,654)$(249,696)$(13,064)$1,330 $(359,084)
Other comprehensive income before reclassification(119,402)26,199 31,427 (1,330)(63,106)
Amounts reclassified from accumulated other comprehensive income— — 7,817 — 7,817 
Net current-period other comprehensive income$(119,402)$26,199 $39,244 (1,330)$(55,289)
Balance as of July 2, 2022$(217,056)$(223,497)$26,180 — $(414,373)
Balance as of January 2, 2021$(49,961)$(400,919)$(37,548)$— $(488,428)
Other comprehensive income before reclassification(11,119)(2,818)2,885 — (11,052)
Amounts reclassified from accumulated other comprehensive income— — 10,230 — 10,230 
Net current-period other comprehensive income$(11,119)$(2,818)$13,115 $— $(822)
Balance as of July 3, 2021$(61,080)$(403,737)$(24,433)$— $(489,250)
(1) As of July 2, 2022, pension and interest rate swap are net of tax of $(35.4) million and $9.3 million, respectively. During the six months ended July 2, 2022, the adjustments to pension, interest rate swap, and loss on investments were net of tax of $4.1 million, $13.8 million, and $(0.4) million, respectively. As of July 3, 2021 pension and interest rate swap amounts are net of tax of $(89.7) million and $(8.5) million, respectively. During the six months ended July 3, 2021, the adjustments to pension benefit costs and unrealized gain/(loss) interest rate swap were net of tax of $(0.6) million and $4.6 million, respectively.
Components of other comprehensive income were as follows (in thousands):
 Three Months EndedSix Months Ended
 Jul 2, 2022Jul 3, 2021Jul 2, 2022Jul 3, 2021
Net earnings$113,248 $120,585 $199,003 $209,848 
Currency translation adjustment(92,211)(505)(119,402)(11,119)
Pension liability adjustment, net of tax19,955 1,152 26,199 (2,818)
Unrealized gain on interest rate swaps, net of tax8,128 703 39,244 13,115 
Unrealized loss on certain investments, net of tax(2,678)— (1,330)— 
Comprehensive income$46,442 $121,935 $143,714 $209,026