Accumulated Other Comprehensive Loss (Tables)

6 Months Ended

Jun. 26, 2022

Equity [Abstract]

Schedule of Accumulated Other Comprehensive Loss

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

	Three months ended June 26, 2022
	Foreign currency translation adjustments		Derivative financial instruments		Pension and postretirement benefit plans		Total
Balance, beginning of period	$	(48,522)	$	7,923	$	(189,011)	$	(229,610)
Other comprehensive loss, before reclassifications	(31,600)		(53,909)		—		(85,509)
Income tax benefit	579		11,731		—		12,310
	(31,021)		(42,178)		—		(73,199)
Reclassifications:
Net loss on derivative financial instruments	—		70,702		—		70,702
Prior service credits(a)	—		—		(909)		(909)
Actuarial losses(a)	—		—		8,100		8,100
Reclassifications before tax	—		70,702		7,191		77,893
Income tax expense	—		(15,672)		(1,688)		(17,360)
	—		55,030		5,503		60,533
Other comprehensive (loss) income	(31,021)		12,852		5,503		(12,666)
Balance, end of period	$	(79,543)	$	20,775	$	(183,508)	$	(242,276)

	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 gain 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)

	Six months ended June 26, 2022
	Foreign currency translation adjustments		Derivative financial instruments		Pension and postretirement benefit plans		Total
Balance, beginning of period	$	(44,401)	$	(2,005)	$	(194,513)	$	(240,919)
Other comprehensive loss, before reclassifications	(35,404)		(61,139)		—		(96,543)
Income tax benefit	262		13,224		—		13,486
	(35,142)		(47,915)		—		(83,057)
Reclassifications:
Net loss on derivative financial instruments	—		90,748		—		90,748
Prior service credits(a)	—		—		(1,818)		(1,818)
Actuarial losses(a)	—		—		16,200		16,200
Reclassifications before tax	—		90,748		14,382		105,130
Income tax expense	—		(20,053)		(3,377)		(23,430)
	—		70,695		11,005		81,700
Other comprehensive (loss) income	(35,142)		22,780		11,005		(1,357)
Balance, end of period	$	(79,543)	$	20,775	$	(183,508)	$	(242,276)

	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)

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