Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2018

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss)

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 March 31, 2018
(In thousands)	Cumulative Translation Adjustment			Unrealized Gain (Loss) on Derivatives			Pension/OPEB Liability Adjustment			Unrealized Gain on Equity Securities	Attributable to Unconsol. Affiliates			Total
Balance as of December 30, 2017	$	(38,163	)	$	847		$	(20,610	)	—	$	6,870		$	(51,056	)
Other comprehensive income (loss) before reclassifications	4,800			(770		)	(570		)	—	(401		)	3,059
Amounts reclassified from AOCI	—			(292		)	119			—	—			(173		)
Net current-period other comprehensive income (loss)	4,800			(1,062		)	(451		)	—	(401		)	2,886
Reclassification of stranded effects of the Act	—			112			(1,018		)	—	1,462			556
Balance as of March 31, 2018	$	(33,363	)	$	(103	)	$	(22,079	)	—	$	7,931		$	(47,614	)

	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	)

Reclassification adjustments out of AOCI were as follows:

	Amount reclassified from AOCI
		For the Quarter Ended
(In thousands)		March 31, 2018			April 1, 2017			Affected line item
Unrealized losses (gains) on derivatives:
Commodity contracts		$	(365	)	$	422		Cost of goods sold
Interest rate swap		—			232			Interest expense
		73			(153		)	Income tax expense (benefit)
		$	(292	)	$	501		Net of tax and noncontrolling interests
Amortization of net loss and prior service cost on employee benefit plans		$	141		$	326		Other income, net
		(22		)	(64		)	Income tax benefit
		$	119		$	262		Net of tax and noncontrolling interests
Sale of available-for-sale securities		$	—		$	(254	)	Other income, net
		$	—		$	94		Income tax expense
		$	—		$	(160	)	Net of tax and noncontrolling interests