Accumulated Other Comprehensive Income

3 Months Ended

Apr. 01, 2017

Equity [Abstract]

Accumulated Other Comprehensive Income

Accumulated Other Comprehensive Income

AOCI includes certain foreign currency translation adjustments from those subsidiaries not using the U.S. dollar as their functional currency, net deferred gains and losses on certain derivative instruments accounted for as cash flow hedges, adjustments to pension and OPEB liabilities, unrealized gains and losses on marketable securities classified as available-for-sale, and other comprehensive income attributable to unconsolidated affiliates.

The following table provides changes in AOCI by component, net of taxes and noncontrolling interests (amounts in parentheses indicate debits to AOCI):

	For the Quarter Ended April 1, 2017
(In thousands)	Cumulative Translation Adjustment			Unrealized (Loss) Gain on Derivatives			Pension/OPEB Liability Adjustment			Unrealized Gain (Loss) on Equity Securities		Attributable to Unconsol. Affiliates			Total
Balance as of December 31, 2016	$	(49,965	)	$	(300	)	$	(23,046	)	380		$	5,975		$	(66,956	)
Other comprehensive income (loss) before reclassifications	6,561			(445		)	(222		)	16		(1,598		)	4,312
Amounts reclassified from AOCI	—			501			262			(160	)	—			603
Net current-period other comprehensive income (loss)	6,561			56			40			(144	)	(1,598		)	4,915
Balance as of April 1, 2017	$	(43,404	)	$	(244	)	$	(23,006	)	236		$	4,377		$	(62,041	)

	For the Quarter Ended April 2, 2016
(In thousands)	Cumulative Translation Adjustment			Unrealized (Loss) Gain on Derivatives			Pension/OPEB Liability Adjustment			Unrealized Gain on Equity Securities	Attributable to Unconsol. Affiliates		Total
Balance as of December 26, 2015	$	(24,773	)	$	(2,009	)	$	(28,429	)	221	$	—	$	(54,990	)
Other comprehensive (loss) income before reclassifications	(337		)	457			760			14	—		894
Amounts reclassified from AOCI	—			137			412			—	—		549
Net current-period other comprehensive (loss) income	(337		)	594			1,172			14	—		1,443
Balance as of April 2, 2016	$	(25,110	)	$	(1,415	)	$	(27,257	)	235	$	—	$	(53,547	)

Reclassification adjustments out of AOCI were as follows:

	Amount reclassified from AOCI
	For the Quarter Ended
(In thousands)	April 1, 2017			April 2, 2016			Affected line item
Unrealized losses (gains) on derivatives:
Commodity contracts	$	422		$	237		Cost of goods sold
Interest rate swap	232			108			Interest expense
	(153		)	(208		)	Income tax expense
	501			137			Net of tax
	—			—			Noncontrolling interests
	$	501		$	137		Net of tax and noncontrolling   interests
Amortization of net loss and prior service cost on employee benefit plans	$	326		$	552		Selling, general, and administrative    expense
	(64		)	(140		)	Income tax expense
	262			412			Net of tax
	—			—			Noncontrolling interests
	$	262		$	412		Net of tax and noncontrolling   interests
Sale of available-for-sale securities	$	(254	)	$	—		Other income
	94			—			Income tax expense
	(160		)	—			Net of tax
	—			—			Noncontrolling interests
	$	(160	)	$	—		Net of tax and noncontrolling   interests