Accumulated Other Comprehensive Loss (Tables)

9 Months Ended

Sep. 26, 2021

Equity [Abstract]

Schedule of Accumulated Other Comprehensive Loss

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

	Three months ended September 26, 2021
	Foreign currency translation adjustments		Derivative financial instruments		Pension and postretirement benefit plans		Total
Balance, beginning of period	$	(23,512)	$	(29,088)	$	(402,537)	$	(455,137)
Other comprehensive loss, before reclassifications	(18,296)		(31,698)		—		(49,994)
Income tax benefit	460		6,928		—		7,388
	(17,836)		(24,770)		—		(42,606)
Reclassifications:
Net losses on derivative financial instruments	—		37,166		—		37,166
Prior service credits(a)	—		—		(893)		(893)
Actuarial losses(a)	—		—		18,650		18,650
Reclassifications before tax	—		37,166		17,757		54,923
Income tax expense	—		(8,126)		(4,169)		(12,295)
	—		29,040		13,588		42,628
Other comprehensive (loss) income	(17,836)		4,270		13,588		22
Balance, end of period	$	(41,348)	$	(24,818)	$	(388,949)	$	(455,115)

	Three months ended September 27, 2020
	Foreign currency translation adjustments		Derivative financial instruments		Pension and postretirement benefit plans		Total
Balance, beginning of period	$	(53,825)	$	(40,740)	$	(457,633)	$	(552,198)
Other comprehensive income, before reclassifications	13,331		55,732		—		69,063
Income tax expense	(594)		(12,299)		—		(12,893)
	12,737		43,433		—		56,170
Reclassifications:
Net gains on derivative financial instruments	—		(58,585)		—		(58,585)
Prior service credits(a)	—		—		(867)		(867)
Actuarial losses(a)	—		—		16,495		16,495
Reclassifications before tax	—		(58,585)		15,628		(42,957)
Income tax benefit (expense)	—		13,051		(3,669)		9,382
	—		(45,534)		11,959		(33,575)
Other comprehensive income (loss)	12,737		(2,101)		11,959		22,595
Balance, end of period	$	(41,088)	$	(42,841)	$	(445,674)	$	(529,603)

	Nine months ended September 26, 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	(33,648)		(68,861)		—		(102,509)
Income tax (expense) benefit	(111)		15,026		—		14,915
	(33,759)		(53,835)		—		(87,594)
Reclassifications:
Net losses on derivative financial instruments	—		96,854		—		96,854
Prior service credits(a)	—		—		(2,679)		(2,679)
Actuarial losses(a)	—		—		55,950		55,950
Reclassifications before tax	—		96,854		53,271		150,125
Income tax expense	—		(21,721)		(12,508)		(34,229)
	—		75,133		40,763		115,896
Other comprehensive (loss) income	(33,759)		21,298		40,763		28,302
Balance, end of period	$	(41,348)	$	(24,818)	$	(388,949)	$	(455,115)

	Nine months ended September 27, 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) income, before reclassifications	(434)		47,889		—		47,455
Income tax benefit (expense)	159		(10,718)		—		(10,559)
	(275)		37,171		—		36,896
Reclassifications:
Net gains on derivative financial instruments	—		(84,295)		—		(84,295)
Prior service credits(a)	—		—		(2,601)		(2,601)
Actuarial losses(a)	—		—		49,485		49,485
Reclassifications before tax	—		(84,295)		46,884		(37,411)
Income tax benefit (expense)	—		18,869		(11,008)		7,861
	—		(65,426)		35,876		(29,550)
Other comprehensive (loss) income	(275)		(28,255)		35,876		7,346
Balance, end of period	$	(41,088)	$	(42,841)	$	(445,674)	$	(529,603)

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