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Accumulated Other Comprehensive Income (Tables)
9 Months Ended
Sep. 29, 2013
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
The following tables set forth the changes in accumulated other comprehensive loss (AOCL) (in thousands):
 
 
Three months ended September 29, 2013
 
 
Foreign currency translation adjustments
 
Marketable securities
 
Derivative financial instruments
 
Pension and postretirement benefit plans
 
Total
Beginning balance
 
$
29,461

 
$
50

 
$
6,674

 
$
(635,375
)
 
$
(599,190
)
Other comprehensive income (loss) before reclassifications
 
10,040

 
(297
)
 
(10,297
)
 

 
(554
)
Income tax
 
(808
)
 
110

 
3,813

 

 
3,115

Net other comprehensive income before reclassifications
 
9,232

 
(187
)
 
(6,484
)
 

 
2,561

Reclassifications:
 
 
 
 
 
 
 
 
 
 
Realized (gains) losses - marketable securities (a)
 

 

 

 

 

Realized (gains) losses - foreign currency contracts(b)
 

 

 
(47
)
 

 
(47
)
Realized (gains) losses - commodities contracts(b)
 

 

 
21

 

 
21

Realized (gains) losses - interest rate swaps(c)
 

 

 

 

 

     Prior service credits(d)
 

 

 

 
(526
)
 
(526
)
     Actuarial losses(d)
 

 

 

 
16,789

 
16,789

Total before tax
 

 

 
(26
)
 
16,263

 
16,237

Income tax expense (benefit)
 

 

 
10

 
(6,024
)
 
(6,014
)
Net reclassifications
 

 

 
(16
)
 
10,239

 
10,223

Other comprehensive income (loss)
 
9,232

 
(187
)
 
(6,500
)
 
10,239

 
12,784

Ending Balance
 
$
38,693

 
$
(137
)
 
$
174

 
$
(625,136
)
 
$
(586,406
)
 
 
Three months ended September 30, 2012
 
 
Foreign currency translation adjustments
 
Marketable securities
 
Derivative financial instruments
 
Pension and postretirement benefit plans
 
Total
Beginning balance
 
$
44,571

 
$
655

 
$
2,654

 
$
(517,436
)
 
$
(469,556
)
Other comprehensive income before reclassifications
 
8,388

 
529

 
1,717

 

 
10,634

Income tax
 
(963
)
 
(196
)
 
(636
)
 

 
(1,795
)
Net other comprehensive income before reclassifications
 
7,425

 
333

 
1,081

 

 
8,839

Reclassifications:
 
 
 
 
 
 
 
 
 
 
Realized (gains) losses - marketable securities (a)
 

 

 

 

 

Realized (gains) losses - foreign currency contracts(b)
 

 

 
(7,742
)
 

 
(7,742
)
Realized (gains) losses - commodities contracts(b)
 

 

 
81

 

 
81

Realized (gains) losses - interest rate swaps(c)
 

 

 
327

 

 
327

     Prior service credits(d)
 

 

 

 
(233
)
 
(233
)
     Actuarial losses(d)
 

 

 

 
12,824

 
12,824

Total before tax
 

 

 
(7,334
)
 
12,591

 
5,257

Income tax expense (benefit)
 

 

 
2,699

 
(4,658
)
 
(1,959
)
Net reclassifications
 

 

 
(4,635
)
 
7,933

 
3,298

Other comprehensive income (loss)
 
7,425

 
333

 
(3,554
)
 
7,933

 
12,137

Ending Balance
 
$
51,996

 
$
988

 
$
(900
)
 
$
(509,503
)
 
$
(457,419
)
 
 
Nine months ended September 29, 2013
 
 
Foreign currency translation adjustments
 
Marketable securities
 
Derivative financial instruments
 
Pension and postretirement benefit plans
 
Total
Beginning balance
 
$
51,335

 
$
677

 
$
(3,837
)
 
$
(655,853
)
 
$
(607,678
)
Other comprehensive (loss) income before reclassifications
 
(13,812
)
 
(1,293
)
 
6,072

 

 
(9,033
)
Income tax
 
1,170

 
479

 
(2,248
)
 

 
(599
)
Net other comprehensive income before reclassifications
 
(12,642
)
 
(814
)
 
3,824

 

 
(9,632
)
Reclassifications:
 
 
 
 
 
 
 
 
 
 
Realized (gains) losses - marketable securities (a)
 

 

 

 

 

Realized (gains) losses - foreign currency contracts(b)
 

 

 
(61
)
 

 
(61
)
Realized (gains) losses - commodities contracts(b)
 

 

 
8

 

 
8

Realized (gains) losses - interest rate swaps(c)
 

 

 
345

 

 
345

     Prior service credits(d)
 

 

 

 
(1,580
)
 
(1,580
)
     Actuarial losses(d)
 

 

 

 
50,368

 
50,368

Total before tax
 

 

 
292

 
48,788

 
49,080

Income tax expense
 

 

 
(105
)
 
(18,071
)
 
(18,176
)
Net reclassifications
 

 

 
187

 
30,717

 
30,904

Other comprehensive (loss) income
 
(12,642
)
 
(814
)
 
4,011

 
30,717

 
21,272

Ending Balance
 
$
38,693

 
$
(137
)
 
$
174

 
$
(625,136
)
 
$
(586,406
)
 
 
Nine months ended September 30, 2012
 
 
Foreign currency translation adjustments
 
Marketable securities
 
Derivative financial instruments
 
Pension and postretirement benefit plans
 
Total
Beginning balance
 
$
49,935

 
$
327

 
$
6,307

 
$
(533,302
)
 
$
(476,733
)
Other comprehensive income before reclassifications
 
3,087

 
1,050

 
5,363

 

 
9,500

Income tax
 
(1,026
)
 
(389
)
 
(1,987
)
 

 
(3,402
)
Net other comprehensive income before reclassifications
 
2,061

 
661

 
3,376

 

 
6,098

Reclassifications:
 
 
 
 
 
 
 
 
 
 
Realized (gains) losses - marketable securities (a)
 

 

 

 

 

Realized (gains) losses - foreign currency contracts(b)
 

 

 
(19,846
)
 

 
(19,846
)
Realized (gains) losses - commodities contracts(b)
 

 

 
737

 

 
737

Realized (gains) losses - interest rate swaps(c)
 

 

 
2,262

 

 
2,262

     Prior service credits(d)
 

 

 

 
(671
)
 
(671
)
     Actuarial losses(d)
 

 

 

 
38,472

 
38,472

Total before tax
 

 

 
(16,847
)
 
37,801

 
20,954

Income tax expense (benefit)
 

 

 
6,264

 
(14,002
)
 
(7,738
)
Net reclassifications
 

 

 
(10,583
)
 
23,799

 
13,216

Other comprehensive income (loss)
 
2,061

 
661

 
(7,207
)
 
23,799

 
19,314

Ending Balance
 
$
51,996

 
$
988

 
$
(900
)
 
$
(509,503
)
 
$
(457,419
)

(a)
Amounts reclassified to net income are included in investment income.
(b)
Amounts reclassified to net income are included in motorcycles and related products cost of goods sold.
(c)
Amounts reclassified to net income are presented in financial services interest expense.
(d)
Amounts reclassified are included in the computation of net periodic period cost. See note 14 for information related to pension and postretirement benefit plans.