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Accumulated Other Comprehensive Loss
 6 Months Ended
Jun. 26, 2016
Equity [Abstract]  
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss
The following tables set forth the changes in accumulated other comprehensive loss (AOCL) (in thousands):
 
 
Three months ended June 26, 2016
 
 
Foreign currency translation adjustments
 
Marketable securities
 
Derivative financial instruments
 
Pension and postretirement benefit plans
 
Total
Balance, beginning of period
 
$
(46,151
)
 
$
(1,139
)
 
$
(2,466
)
 
$
(553,582
)
 
$
(603,338
)
Other comprehensive income (loss) before reclassifications
 
2,516

 
(51
)
 
8,136

 
—

 
10,601

Income tax
 
112

 
19

 
(3,014
)
 
—

 
(2,883
)
Net other comprehensive income (loss) before reclassifications
 
2,628

 
(32
)
 
5,122

 
—

 
7,718

Reclassifications:
 
 
 
 
 
 
 
 
 
 
Realized (gains) losses - foreign currency contracts(a)
 
—

 
—

 
(3,551
)
 
—

 
(3,551
)
Realized (gains) losses - commodities contracts(a)
 
—

 
—

 
104

 
—

 
104

Realized (gains) losses - treasury rate lock(c)
 
—

 
—

 
90

 
—

 
90

Prior service credits(b)
 
—

 
—

 
—

 
(446
)
 
(446
)
Actuarial losses(b)
 
—

 
—

 
—

 
12,472

 
12,472

Total reclassifications before tax
 
—

 
—

 
(3,357
)
 
12,026

 
8,669

Income tax expense (benefit)
 
—

 
—

 
1,244

 
(4,454
)
 
(3,210
)
Net reclassifications
 
—

 
—

 
(2,113
)
 
7,572

 
5,459

Other comprehensive income (loss)
 
2,628

 
(32
)
 
3,009

 
7,572

 
13,177

Balance, end of period
 
$
(43,523
)
 
$
(1,171
)
 
$
543

 
$
(546,010
)
 
$
(590,161
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three months ended June 28, 2015
 
 
Foreign currency translation adjustments
 
Marketable securities
 
Derivative financial instruments
 
Pension and postretirement benefit plans
 
Total
Balance, beginning of period
 
$
(30,503
)
 
$
(767
)
 
$
30,114

 
$
(521,005
)
 
$
(522,161
)
Other comprehensive income (loss) before reclassifications
 
5,040

 
(204
)
 
(1,096
)
 
—

 
3,740

Income tax
 
(789
)
 
76

 
406

 
—

 
(307
)
Net other comprehensive income (loss) before reclassifications
 
4,251

 
(128
)
 
(690
)
 
—

 
3,433

Reclassifications:
 
 
 
 
 
 
 
 
 
 
Realized (gains) losses - foreign currency contracts(a)
 
—

 
—

 
(20,131
)
 
—

 
(20,131
)
Realized (gains) losses - commodities contracts(a)
 
—

 
—

 
125

 
—

 
125

Prior service credits(b)
 
—

 
—

 
—

 
(695
)
 
(695
)
Actuarial losses(b)
 
—

 
—

 
—

 
14,670

 
14,670

Total reclassifications before tax
 
—

 
—

 
(20,006
)
 
13,975

 
(6,031
)
Income tax expense (benefit)
 
—

 
—

 
7,410

 
(5,177
)
 
2,233

Net reclassifications
 
—

 
—

 
(12,596
)
 
8,798

 
(3,798
)
Other comprehensive income (loss)
 
4,251

 
(128
)
 
(13,286
)
 
8,798

 
(365
)
Balance, end of period
 
$
(26,252
)
 
$
(895
)
 
$
16,828

 
$
(512,207
)
 
$
(522,526
)
 
 
Six months ended June 26, 2016
 
 
Foreign currency translation adjustments
 
Marketable securities
 
Derivative financial instruments
 
Pension and postretirement benefit plans
 
Total
Balance, beginning of period
 
$
(58,844
)
 
$
(1,094
)
 
$
5,886

 
$
(561,153
)
 
$
(615,205
)
Other comprehensive income (loss) before reclassifications
 
17,087

 
(122
)
 
(4,580
)
 
—

 
12,385

Income tax
 
(1,766
)
 
45

 
1,696

 
—

 
(25
)
Net other comprehensive income (loss) before reclassifications
 
15,321

 
(77
)
 
(2,884
)
 
—

 
12,360

Reclassifications:
 
 
 
 
 
 
 
 
 
 
Realized (gains) losses - foreign currency contracts(a)
 
—

 
—

 
(4,407
)
 
—

 
(4,407
)
Realized (gains) losses - commodities contracts(a)
 
—

 
—

 
319

 
—

 
319

Realized (gains) losses - treasury rate lock(c)
 
—

 
—

 
181

 
—

 
181

Prior service credits(b)
 
—

 
—

 
—

 
(892
)
 
(892
)
Actuarial losses(b)
 
—

 
—

 
—

 
24,944

 
24,944

Total reclassifications before tax
 
—

 
—

 
(3,907
)
 
24,052

 
20,145

Income tax expense (benefit)
 
—

 
—

 
1,448

 
(8,909
)
 
(7,461
)
Net reclassifications
 
—

 
—

 
(2,459
)
 
15,143

 
12,684

Other comprehensive income (loss)
 
15,321

 
(77
)
 
(5,343
)
 
15,143

 
25,044

Balance, end of period
 
$
(43,523
)
 
$
(1,171
)
 
$
543

 
$
(546,010
)
 
$
(590,161
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Six months ended June 28, 2015
 
 
Foreign currency translation adjustments
 
Marketable securities
 
Derivative financial instruments
 
Pension and postretirement benefit plans
 
Total
Balance, beginning of period
 
$
(3,482
)
 
$
(700
)
 
$
19,042

 
$
(529,803
)
 
$
(514,943
)
Other comprehensive (loss) income before reclassifications
 
(24,951
)
 
(310
)
 
31,452

 
—

 
6,191

Income tax
 
2,181

 
115

 
(11,650
)
 
—

 
(9,354
)
Net other comprehensive (loss) income before reclassifications
 
(22,770
)
 
(195
)
 
19,802

 
—

 
(3,163
)
Reclassifications:
 
 
 
 
 
 
 
 
 
 
Realized (gains) losses - foreign currency contracts(a)
 
—

 
—

 
(35,407
)
 
—

 
(35,407
)
Realized (gains) losses - commodities contracts(a)
 
—

 
—

 
439

 
—

 
439

Prior service credits(b)
 
—

 
—

 
—

 
(1,390
)
 
(1,390
)
Actuarial losses(b)
 
—

 
—

 
—

 
29,340

 
29,340

Total reclassifications before tax
 
—

 
—

 
(34,968
)
 
27,950

 
(7,018
)
Income tax expense (benefit)
 
—

 
—

 
12,952

 
(10,354
)
 
2,598

Net reclassifications
 
—

 
—

 
(22,016
)
 
17,596

 
(4,420
)
Other comprehensive (loss) income
 
(22,770
)
 
(195
)
 
(2,214
)
 
17,596

 
(7,583
)
Balance, end of period
 
$
(26,252
)
 
$
(895
)
 
$
16,828

 
$
(512,207
)
 
$
(522,526
)

(a)
Amounts reclassified to net income are included in Motorcycles and Related Products cost of goods sold.
(b)
Amounts reclassified are included in the computation of net periodic period cost. See Note 16 for information related to pension and postretirement benefit plans.
(c)
Amounts reclassified to net income are included in interest expense.