XML 43 R20.htm IDEA: XBRL DOCUMENT v3.20.1
Accumulated Other Comprehensive Income (Loss)
 3 Months Ended
Mar. 28, 2020
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, and other comprehensive income attributable to unconsolidated affiliates.

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

 
 
For the Quarter Ended March 28, 2020
(In thousands)
 
Cumulative Translation Adjustment
 
Unrealized Gain (Loss) on Derivatives
 
Pension/OPEB Liability Adjustment
 
Attributable to Unconsol. Affiliates
 
Total
 
 
 
 
 
 
 
 
 
 
 
Balance as of December 28, 2019
 
$
(46,198
)
 
$
476

 
$
(21,855
)
 
$
(1,193
)
 
$
(68,770
)
 
 
 
 
 
 
 
 
 
 
 
Other comprehensive (loss) income before reclassifications
 
(20,664
)
 
(3,735
)
 
587

 
1,887

 
(21,925
)
Amounts reclassified from AOCI
 
—

 
378

 
152

 
—

 
530

 
 
 
 
 
 
 
 
 
 
 
Net current-period other comprehensive (loss) income
 
(20,664
)
 
(3,357
)
 
739

 
1,887

 
(21,395
)
 
 
 
 
 
 
 
 
 
 
 
Balance as of March 28, 2020
 
$
(66,862
)
 
$
(2,881
)
 
$
(21,116
)
 
$
694

 
$
(90,165
)

 
 
For the Quarter Ended March 30, 2019
(In thousands)
 
Cumulative Translation Adjustment
 
Unrealized (Loss) Gain on Derivatives
 
Pension/OPEB Liability Adjustment
 
Attributable to Unconsol. Affiliates
 
Total
 
 
 
 
 
 
 
 
 
 
 
Balance as of December 29, 2018
 
$
(54,257
)
 
$
(214
)
 
$
(24,967
)
 
$
(354
)
 
$
(79,792
)
 
 
 
 
 
 
 
 
 
 
 
Other comprehensive income (loss) before reclassifications
 
5,853

 
1,336

 
(489
)
 
47

 
6,747

Amounts reclassified from AOCI
 
—

 
(79
)
 
243

 
—

 
164

 
 
 
 
 
 
 
 
 
 
 
Net current-period other comprehensive income (loss)
 
5,853

 
1,257

 
(246
)
 
47

 
6,911

 
 
 
 
 
 
 
 
 
 
 
Balance as of March 30, 2019
 
$
(48,404
)
 
$
1,043

 
$
(25,213
)
 
$
(307
)
 
$
(72,881
)


Reclassification adjustments out of AOCI were as follows:

 
Amount reclassified from AOCI
 
 
For the Quarter Ended
 
 
(In thousands)
 
March 28, 2020
 
March 30, 2019
 
Affected line item
 
 
 
 
 
 
 
Unrealized losses (gains) on derivative commodity contracts
 
$
468

 
$
(96
)
 
Cost of goods sold
 
 
(90
)
 
17

 
Income tax (benefit) expense
 
 
 
 
 
 
 
 
 
$
378

 
$
(79
)
 
Net of tax and noncontrolling interests
 
 
 
 
 
 
 
Amortization of net loss and prior service cost on employee benefit plans
 
$
181

 
$
296

 
Other income, net
 
 
(29
)
 
(53
)
 
Income tax benefit
 
 
 
 
 
 
 
 
 
$
152

 
$
243

 
Net of tax and noncontrolling interests