| Accumulated other comprehensive income (loss) |
Accumulated other comprehensive income (loss)
The changes in accumulated other comprehensive income (loss) by component, for the nine months ended September 28, 2019 are as follows: | | | | | | | | | | | | Foreign currency translation adjustments | | Pensions, net of tax | | Total | Balance as of December 31, 2018 | $ | (782,102 | ) | | (9,506 | ) | | (791,608 | ) | Current period other comprehensive income | (90,962 | ) | | 283 |
| | (90,679 | ) | Balance as of September 28, 2019 | $ | (873,064 | ) | | (9,223 | ) | | (882,287 | ) |
The following tables reflect the changes in stockholders’ equity for the three months ended September 28, 2019 and September 29, 2018 (in thousands). | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total Stockholders’ Equity | | Redeemable Noncontrolling Interest | Common Stock | Additional Paid-in Capital | Retained Earnings | Accumulated Other Comprehensive Income (Loss) | Treasury Stock | Noncontrolling Interest | Total Stockholders’ Equity | | Shares | Amount | Shares | Amount | | | | | | | | | | | | June 29, 2019 | $ | — |
| 79,712 |
| $ | 797 |
| $ | 1,859,248 |
| $ | 6,903,261 |
| $ | (732,521 | ) | (7,348 | ) | $ | (215,712 | ) | $ | 6,518 |
| $ | 7,821,591 |
| Shares issued under employee and director stock plans | — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| Stock-based compensation expense | — |
| — |
| — |
| 5,651 |
| — |
| — |
| — |
| — |
| — |
| 5,651 |
| Repurchases of common stock | — |
| (519 | ) | (5 | ) | — |
| (67,703 | ) | — |
| — |
| — |
| — |
| (67,708 | ) | Accretion of redeemable noncontrolling interest | — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| Noncontrolling earnings | — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| 150 |
| 150 |
| Currency translation adjustment on non-controlling interests | — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| (157 | ) | (157 | ) | Currency translation adjustment | — |
| — |
| — |
| — |
| — |
| (149,982 | ) | — |
| — |
| — |
| (149,982 | ) | Prior pension and post-retirement benefit service cost and actuarial gain / loss | — |
| — |
| — |
| — |
| — |
| 216 |
| — |
| — |
| — |
| 216 |
| Net income | — |
| — |
| — |
| — |
| 155,518 |
| — |
| — |
| — |
| — |
| 155,518 |
| September 28, 2019 | $ | — |
| 79,193 |
| $ | 792 |
| $ | 1,864,899 |
| $ | 6,991,076 |
| $ | (882,287 | ) | (7,348 | ) | $ | (215,712 | ) | $ | 6,511 |
| $ | 7,765,279 |
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total Stockholders’ Equity | | Redeemable Noncontrolling Interest | Common Stock | Additional Paid-in Capital | Retained Earnings | Accumulated Other Comprehensive Income (Loss) | Treasury Stock | Noncontrolling Interest | Total Stockholders’ Equity | | Shares | Amount | Shares | Amount | | | | | | | | | | | | June 30, 2018 | $ | 30,043 |
| 81,952 |
| $ | 820 |
| $ | 1,842,060 |
| $ | 6,409,552 |
| $ | (671,133 | ) | (7,350 | ) | $ | (215,745 | ) | $ | 7,880 |
| $ | 7,373,434 |
| Shares issued under employee and director stock plans | — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| Stock-based compensation expense | — |
| — |
| — |
| 5,104 |
| — |
| — |
| — |
| — |
| — |
| 5,104 |
| Repurchases of common stock | — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| Accretion of redeemable noncontrolling interest | 670 |
| — |
| — |
| — |
| (669 | ) | — |
| — |
| — |
| — |
| (669 | ) | Noncontrolling earnings | 817 |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| 195 |
| 195 |
| Currency translation adjustment on non-controlling interests | (303 | ) | — |
| — |
| — |
| — |
| — |
| — |
| — |
| (54 | ) | (54 | ) | Currency translation adjustment | — |
| — |
| — |
| — |
| — |
| (33,314 | ) | — |
| — |
| — |
| (33,314 | ) | Prior pension and post-retirement benefit service cost and actuarial gain / loss | — |
| — |
| — |
| — |
| — |
| 68 |
| — |
| — |
| — |
| 68 |
| Net income | — |
| — |
| — |
| — |
| 227,013 |
| — |
| — |
| — |
| — |
| 227,013 |
| September 29, 2018 | $ | 31,227 |
| 81,952 |
| $ | 820 |
| $ | 1,847,164 |
| $ | 6,635,896 |
| $ | (704,379 | ) | (7,350 | ) | $ | (215,745 | ) | $ | 8,021 |
| $ | 7,571,777 |
|
The following tables reflect the changes in stockholders’ equity for the nine months ended September 28, 2019 and September 29, 2018 (in thousands). | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total Stockholders’ Equity | | Redeemable Noncontrolling Interest | Common Stock | Additional Paid-in Capital | Retained Earnings | Accumulated Other Comprehensive Income (Loss) | Treasury Stock | Noncontrolling Interest | Total Stockholders’ Equity | | Shares | Amount | Shares | Amount | | | | | | | | | | | | January 1, 2019 | $ | — |
| 79,656 |
| $ | 797 |
| $ | 1,852,173 |
| $ | 6,588,197 |
| $ | (791,608 | ) | (7,349 | ) | $ | (215,745 | ) | $ | 6,245 |
| $ | 7,440,059 |
| Shares issued under employee and director stock plans | — |
| 122 |
| 1 |
| (4,502 | ) | — |
| — |
| 1 |
| 33 |
| — |
| (4,468 | ) | Stock-based compensation expense | — |
| — |
| — |
| 17,228 |
| — |
| — |
| — |
| — |
| — |
| 17,228 |
| Repurchases of common stock | — |
| (585 | ) | (6 | ) | — |
| (76,665 | ) | — |
| — |
| — |
| — |
| (76,671 | ) | Accretion of redeemable noncontrolling interest | — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| Noncontrolling earnings | — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| 354 |
| 354 |
| Currency translation adjustment on non-controlling interests | — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| (88 | ) | (88 | ) | Currency translation adjustment | — |
| — |
| — |
| — |
| — |
| (90,962 | ) | — |
| — |
| — |
| (90,962 | ) | Prior pension and post-retirement benefit service cost and actuarial gain / loss | — |
| — |
| — |
| — |
| — |
| 283 |
| — |
| — |
| — |
| 283 |
| Net income | — |
| — |
| — |
| — |
| 479,544 |
| — |
| — |
| — |
| — |
| 479,544 |
| September 28, 2019 | $ | — |
| 79,193 |
| $ | 792 |
| $ | 1,864,899 |
| $ | 6,991,076 |
| $ | (882,287 | ) | (7,348 | ) | $ | (215,712 | ) | $ | 6,511 |
| $ | 7,765,279 |
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total Stockholders’ Equity | | Redeemable Noncontrolling Interest | Common Stock | Additional Paid-in Capital | Retained Earnings | Accumulated Other Comprehensive Income (Loss) | Treasury Stock | Noncontrolling Interest | Total Stockholders’ Equity | | Shares | Amount | Shares | Amount | | | | | | | | | | | | January 1, 2018 | $ | 29,463 |
| 81,771 |
| $ | 818 |
| $ | 1,828,131 |
| $ | 6,004,506 |
| $ | (558,527 | ) | (7,350 | ) | $ | (215,766 | ) | $ | 7,847 |
| $ | 7,067,009 |
| Shares issued under employee and director stock plans | — |
| 181 |
| 2 |
| (7,664 | ) | — |
| — |
| — |
| 21 |
| — |
| (7,641 | ) | Stock-based compensation expense | — |
| — |
| — |
| 26,697 |
| — |
| — |
| — |
| — |
| — |
| 26,697 |
| Repurchases of common stock | — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| Accretion of redeemable noncontrolling interest | 975 |
| — |
| — |
| — |
| (975 | ) | — |
| — |
| — |
| — |
| (975 | ) | Noncontrolling earnings | 2,043 |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| 404 |
| 404 |
| Currency translation adjustment on non-controlling interests | (1,254 | ) | — |
| — |
| — |
| — |
| — |
| — |
| — |
| (230 | ) | (230 | ) | Currency translation adjustment | — |
| — |
| — |
|
| — |
| (146,143 | ) | — |
| — |
| — |
| (146,143 | ) | Prior pension and post-retirement benefit service cost and actuarial gain / loss | — |
| — |
| — |
| — |
| — |
| 291 |
| — |
| — |
| — |
| 291 |
| Net income | — |
| — |
| — |
| — |
| 632,365 |
| — |
| — |
| — |
| — |
| 632,365 |
| September 29, 2018 | $ | 31,227 |
| 81,952 |
| $ | 820 |
| $ | 1,847,164 |
| $ | 6,635,896 |
| $ | (704,379 | ) | (7,350 | ) | $ | (215,745 | ) | $ | 8,021 |
| $ | 7,571,777 |
|
|