Accumulated Other Comprehensive Loss

3 Months Ended

Mar. 28, 2021

Changes in Accumulated other comprehensive loss were as follows (in thousands):


	Three months ended March 28, 2021
	Foreign currency translation adjustments		Derivative financial instruments		Pension and postretirement benefit plans		Total
Balance, beginning of period	$	(7,589)	$	(46,116)	$	(429,712)	$	(483,417)
Other comprehensive loss, before reclassifications	(17,074)		(50,737)		—		(67,811)
Income tax (expense) benefit	(264)		11,092		—		10,828
	(17,338)		(39,645)		—		(56,983)
Reclassifications:

Net loss on derivative financial instruments	—		73,586		—		73,586
Prior service credits(a)	—		—		(893)		(893)
Actuarial losses(a)	—		—		18,650		18,650
Reclassifications before tax	—		73,586		17,757		91,343
Income tax expense	—		(16,411)		(4,169)		(20,580)
	—		57,175		13,588		70,763
Other comprehensive (loss) income	(17,338)		17,530		13,588		13,780
Balance, end of period	$	(24,927)	$	(28,586)	$	(416,124)	$	(469,637)


	Three months ended March 29, 2020
	Foreign currency translation adjustments		Derivative financial instruments		Pension and postretirement benefit plans		Total
Balance, beginning of period	$	(40,813)	$	(14,586)	$	(481,550)	$	(536,949)
Other comprehensive loss, before reclassifications	(35,821)		(38,172)		—		(73,993)
Income tax benefit	1,366		8,267		—		9,633
	(34,455)		(29,905)		—		(64,360)
Reclassifications:

Net loss on derivative financial instruments	—		12,881		—		12,881
Prior service credits(a)	—		—		(867)		(867)
Actuarial losses(a)	—		—		16,495		16,495
Reclassifications before tax	—		12,881		15,628		28,509
Income tax expense	—		(2,821)		(3,669)		(6,490)
	—		10,060		11,959		22,019
Other comprehensive (loss) income	(34,455)		(19,845)		11,959		(42,341)
Balance, end of period	$	(75,268)	$	(34,431)	$	(469,591)	$	(579,290)

(a) Amounts reclassified are included in the computation of net periodic benefit cost, discussed further in Note 15