XML 50 R38.htm IDEA: XBRL DOCUMENT v3.8.0.1
Accumulated Other Comprehensive Loss (Tables)
3 Months Ended
Apr. 01, 2018
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Loss
The following tables set forth the changes in accumulated other comprehensive loss (AOCL) (in thousands):
 
 
Three months ended April 1, 2018
 
 
Foreign currency translation adjustments
 
Marketable securities
 
Derivative financial instruments
 
Pension and postretirement benefit plans
 
Total
Balance, beginning of period
 
$
(21,852
)
 
$

 
$
(17,254
)
 
$
(460,943
)
 
$
(500,049
)
Other comprehensive income (loss) before reclassifications
 
6,915

 

 
(5,906
)
 
96,374

 
97,383

Income tax benefit (expense)
 

 

 
1,387

 
(22,629
)
 
(21,242
)
Net other comprehensive income (loss) before reclassifications
 
6,915

 

 
(4,519
)
 
73,745

 
76,141

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

 

 
6,709

 

 
6,709

Realized (gains) losses - commodity contracts(a)
 

 

 
73

 

 
73

Realized (gains) losses - treasury rate locks(b)
 

 

 
126

 

 
126

Prior service credits(c)
 

 

 

 
(566
)
 
(566
)
Actuarial losses(c)
 

 

 

 
16,273

 
16,273

Total reclassifications before tax
 

 

 
6,908

 
15,707

 
22,615

Income tax expense
 

 

 
(1,624
)
 
(3,687
)
 
(5,311
)
Net reclassifications
 

 

 
5,284

 
12,020

 
17,304

Other comprehensive income
 
6,915

 

 
765

 
85,765

 
93,445

Balance, end of period
 
$
(14,937
)
 
$

 
$
(16,489
)
 
$
(375,178
)
 
$
(406,604
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three months ended March 26, 2017
 
 
Foreign currency translation adjustments
 
Marketable securities
 
Derivative financial instruments
 
Pension and postretirement benefit plans
 
Total
Balance, beginning of period
 
$
(68,132
)
 
$
(1,194
)
 
$
12,524

 
$
(508,579
)
 
$
(565,381
)
Other comprehensive income (loss) before reclassifications
 
15,633

 
(16
)
 
(11,903
)
 

 
3,714

Income tax (expense) benefit
 
(76
)
 
6

 
4,409

 

 
4,339

Net other comprehensive income (loss) before reclassifications
 
15,557

 
(10
)
 
(7,494
)
 

 
8,053

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

 

 
(2,516
)
 

 
(2,516
)
Realized (gains) losses - commodity contracts(a)
 

 

 
(48
)
 

 
(48
)
Realized (gains) losses - treasury rate locks(b)
 

 

 
90

 

 
90

Prior service credits(c)
 

 

 

 
(289
)
 
(289
)
Actuarial losses(c)
 

 

 

 
11,813

 
11,813

Total reclassifications before tax
 

 

 
(2,474
)
 
11,524

 
9,050

Income tax benefit (expense)
 

 

 
916

 
(4,268
)
 
(3,352
)
Net reclassifications
 

 

 
(1,558
)
 
7,256

 
5,698

Other comprehensive income (loss)
 
15,557

 
(10
)
 
(9,052
)
 
7,256

 
13,751

Balance, end of period
 
$
(52,575
)
 
$
(1,204
)
 
$
3,472

 
$
(501,323
)
 
$
(551,630
)


(a)
Amounts reclassified to net income are included in Motorcycles and Related Products cost of goods sold.
(b)
Amounts reclassified to net income are included in interest expense.
(c)
Amounts reclassified are included in the computation of net periodic benefit cost. See Note 14 for information related to pension and postretirement benefit plans.