Accumulated Other Comprehensive Income

6 Months Ended

Jul. 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 Six Months Ended July 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	11,058			(657		)	(856		)	(1	)	(351		)	9,193
Amounts reclassified from AOCI	(3,777		)	974			491			(379	)	—			(2,691		)
Net current-period other comprehensive income (loss)	7,281			317			(365		)	(380	)	(351		)	6,502
Balance as of July 1, 2017	$	(42,684	)	$	17		$	(23,411	)	—		$	5,624		$	(60,454	)

	For the Six Months Ended July 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	(9,939		)	2,457			1,910			23	1,438		(4,111		)
Amounts reclassified from AOCI	—			(1,163		)	792			—	—		(371		)
Net current-period other comprehensive (loss) income	(9,939		)	1,294			2,702			23	1,438		(4,482		)
Balance as of July 2, 2016	$	(34,712	)	$	(715	)	$	(25,727	)	244	$	1,438	$	(59,472	)

Reclassification adjustments out of AOCI were as follows:

	Amount reclassified from AOCI
	For the Quarter Ended						For the Six Months Ended
( In thousands)	July 1, 2017			July 2, 2016			July 1, 2017			July 2, 2016			Affected line item
Unrealized losses (gains) on derivatives:
Commodity contracts	$	602		$	(2,108	)	$	1,024		$	(1,871	)	Cost of goods sold
Interest rate swap	232			92			464			200			Interest expense
	(361		)	716			(514		)	508			Income tax (benefit) expense
	$	473		$	(1,300	)	$	974		$	(1,163	)	Net of tax and noncontrolling interests
Amortization of net loss and prior service cost on employee benefit plans	$	275		$	502		$	601		$	1,054		Selling, general, and administrative   expense
	(46		)	(122		)	(110		)	(262		)	Income tax benefit
	$	229		$	380		$	491		$	792		Net of tax and noncontrolling interests
Sale of available-for-sale securities	$	(357	)	$	—		$	(611	)	$	—		Other income
	$	138		$	—		$	232		$	—		Income tax expense
	$	(219	)	$	—		$	(379	)	$	—		Net of tax and noncontrolling interests
Gain recognized upon sale of business	$	(3,777	)	$	—		$	(3,777	)	$	—		Selling, general, and administrative   expense
	$	—		$	—		$	—		$	—		Income tax expense
	$	(3,777	)	$	—		$	(3,777	)	$	—		Net of tax and noncontrolling interests