Accumulated Other Comprehensive Loss (Tables)

6 Months Ended

Jun. 27, 2021

Equity [Abstract]

Schedule of Accumulated Other Comprehensive Loss

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

	Three months ended June 27, 2021
	Foreign currency translation adjustments		Derivative financial instruments		Pension and postretirement benefit plans		Total
Balance, beginning of period	$	(24,927)	$	(28,586)	$	(416,124)	$	(469,637)
Other comprehensive income, before reclassifications	1,722		13,574		—		15,296
Income tax expense	(307)		(2,994)		—		(3,301)
	1,415		10,580		—		11,995
Reclassifications:
Net gains on derivative financial instruments	—		(13,898)		—		(13,898)
Prior service credits(a)	—		—		(893)		(893)
Actuarial losses(a)	—		—		18,650		18,650
Reclassifications before tax	—		(13,898)		17,757		3,859
Income tax benefit (expense)	—		2,816		(4,170)		(1,354)
	—		(11,082)		13,587		2,505
Other comprehensive income (loss)	1,415		(502)		13,587		14,500
Balance, end of period	$	(23,512)	$	(29,088)	$	(402,537)	$	(455,137)

	Three months ended June 28, 2020
	Foreign currency translation adjustments		Derivative financial instruments		Pension and postretirement benefit plans		Total
Balance, beginning of period	$	(75,268)	$	(34,431)	$	(469,591)	$	(579,290)
Other comprehensive income, before reclassifications	22,056		30,329		—		52,385
Income tax expense	(613)		(6,686)		—		(7,299)
	21,443		23,643		—		45,086
Reclassifications:
Net gains on derivative financial instruments	—		(38,592)		—		(38,592)
Prior service credits(a)	—		—		(867)		(867)
Actuarial losses(a)	—		—		16,495		16,495
Reclassifications before tax	—		(38,592)		15,628		(22,964)
Income tax benefit (expense)	—		8,640		(3,670)		4,970
	—		(29,952)		11,958		(17,994)
Other comprehensive income (loss)	21,443		(6,309)		11,958		27,092
Balance, end of period	$	(53,825)	$	(40,740)	$	(457,633)	$	(552,198)

	Six months ended June 27, 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	(15,352)		(37,163)		—		(52,515)
Income tax (expense) benefit	(571)		8,098		—		7,527
	(15,923)		(29,065)		—		(44,988)
Reclassifications:
Net loss on derivative financial instruments	—		59,688		—		59,688
Prior service credits(a)	—		—		(1,786)		(1,786)
Actuarial losses(a)	—		—		37,300		37,300
Reclassifications before tax	—		59,688		35,514		95,202
Income tax expense	—		(13,595)		(8,339)		(21,934)
	—		46,093		27,175		73,268
Other comprehensive (loss) income	(15,923)		17,028		27,175		28,280
Balance, end of period	$	(23,512)	$	(29,088)	$	(402,537)	$	(455,137)

	Six months ended June 28, 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	(13,765)		(7,843)		—		(21,608)
Income tax benefit	753		1,582		—		2,335
	(13,012)		(6,261)		—		(19,273)
Reclassifications:
Net gains on derivative financial instruments	—		(25,711)		—		(25,711)
Prior service credits(a)	—		—		(1,734)		(1,734)
Actuarial losses(a)	—		—		32,990		32,990
Reclassifications before tax	—		(25,711)		31,256		5,545
Income tax benefit (expense)	—		5,818		(7,339)		(1,521)
	—		(19,893)		23,917		4,024
Other comprehensive (loss) income	(13,012)		(26,154)		23,917		(15,249)
Balance, end of period	$	(53,825)	$	(40,740)	$	(457,633)	$	(552,198)

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