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Other Comprehensive Earnings (Loss) | 12 Months Ended
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Dec. 29, 2019
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract] |
Other Comprehensive Earnings (Loss) | Other Comprehensive Earnings (Loss) Components of other comprehensive earnings (loss) are presented within the consolidated statements of comprehensive earnings. The following table presents the related tax effects on changes in other comprehensive earnings (loss) for each of the three fiscal years ended December 29, 2019.
| 2019 |  | 2018 |  | 2017
Other comprehensive earnings (loss), tax effect: |  |  |  |  |
Tax (expense) benefit on unrealized holding (losses) gains | $ | (150 | ) |  | $ | 581 |  |  | 221 |
Tax benefit (expense) on cash flow hedging activities | 223 |  |  | (930 | ) |  | 4,850 |
Tax (expense) benefit on changes in unrecognized pension amounts | (3,518 | ) |  | 6,085 |  |  | (2,363 | )
Reclassifications to earnings, tax effect: |  |  |  |  |
Tax expense (benefit) on cash flow hedging activities | 2,269 |  |  | 817 |  |  | (4,881 | )
Tax benefit on amortization of unrecognized pension and postretirement amounts reclassified to the consolidated statements of operations | (2,005 | ) |  | (2,729 | ) |  | (3,482 | )
Tax benefit on settlement of U.S. defined benefit plan | (24,966 | ) |  | — |  |  | — |
Total tax effect on other comprehensive earnings (loss) | $ | (28,147 | ) |  | 3,824 |  |  | (5,655 | )
Changes in the components of accumulated other comprehensive earnings (loss), net of tax are as follows:
| Pension and Postretirement Amounts |  | Gains (Losses) on Derivative Instruments |  | Unrealized Holding Gains on Available for-Sale Securities |  | Foreign Currency Translation Adjustments |  | Total Accumulated Other Comprehensive Earnings (Loss)
2019 |  |  |  |  |  |  |  |  |
Balance at December 30, 2018 | $ | (143,134 | ) |  | 1,549 |  |  | (744 | ) |  | (152,185 | ) |  | (294,514 | )
Current period other comprehensive earnings (loss) | 14,850 |  |  | 11,678 |  |  | 514 |  |  | 9,556 |  |  | 36,598 |
Reclassifications from AOCE to earnings | 92,155 |  |  | (18,459 | ) |  | — |  |  | — |  |  | 73,696 |
Balance at December 29, 2019 | $ | (36,129 | ) |  | (5,232 | ) |  | (230 | ) |  | (142,629 | ) |  | (184,220 | )
2018 |  |  |  |  |  |  |  |  |
Balance at December 31, 2017 | $ | (110,971 | ) |  | (32,827 | ) |  | 1,034 |  |  | (96,661 | ) |  | (239,425 | )
Adoption of ASU 2018-02 | (18,065 | ) |  | (3,660 | ) |  | 222 |  |  | — |  |  | (21,503 | )
Current period other comprehensive earnings (loss) | (23,763 | ) |  | 36,107 |  |  | (2,000 | ) |  | (55,524 | ) |  | (45,180 | )
Reclassifications from AOCE to earnings | 9,665 |  |  | 1,929 |  |  | — |  |  | — |  |  | 11,594 |
Balance at December 30, 2018 | $ | (143,134 | ) |  | 1,549 |  |  | (744 | ) |  | (152,185 | ) |  | (294,514 | )
2017 |  |  |  |  |  |  |  |  |
Balance at December 25, 2016 | $ | (118,401 | ) |  | 51,085 |  |  | 1,424 |  |  | (128,678 | ) |  | (194,570 | )
Current period other comprehensive earnings (loss) | 1,555 |  |  | (90,302 | ) |  | (390 | ) |  | 32,017 |  |  | (57,120 | )
Reclassifications from AOCE to earnings | 5,875 |  |  | 6,390 |  |  | — |  |  | — |  |  | 12,265 |
Balance at December 31, 2017 | $ | (110,971 | ) |  | (32,827 | ) |  | 1,034 |  |  | (96,661 | ) |  | (239,425 | )
Gains (Losses) on Derivative Instruments At December 29, 2019, the Company had remaining net deferred gains on foreign currency forward contracts, net of tax, of $12,686 in AOCE. These instruments hedge payments related to inventory purchased in the fourth quarter of 2019 or forecasted to be purchased from 2020 through 2022, intercompany expenses expected to be paid or received during 2020, television and movie production costs paid in 2019 or expected to be paid in 2020, and cash receipts for sales forecasted to be made in 2020 through 2022. These amounts will be reclassified into the consolidated statements of operations upon the sale of the related inventory or recognition of the related sales, royalties or expenses. In addition to foreign currency forward contracts, the Company entered into hedging contracts on future interest payments related to the long-term notes due 2021 and 2044. At the date of debt issuance, these contracts were terminated and the fair value on the date of settlement was deferred in AOCE and is being amortized to interest expense over the life of the related notes using the effective interest rate method. At December 29, 2019, deferred losses, net of tax, of $17,918 related to these instruments remained in AOCE. For the year ended December 29, 2019, losses, net of tax of $1,394 related to these hedging instruments were reclassified from AOCE to net earnings. For each of the years ended December 30, 2018 and December 31, 2017, losses, net of tax of $1,394 and $1,170 related to these hedging instruments were reclassified from AOCE to net earnings. Of the net deferred gains included in AOCE at December 29, 2019, the Company expects approximately $7,041 to be reclassified to the consolidated statements of operations within the next 12 months. However, the amount ultimately realized in earnings is dependent on the fair value of the hedging instruments on the settlement dates. See notes 15 and 17 for additional discussion on reclassifications from AOCE to earnings.

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -URI http://asc.fasb.org/topic&trid=2134417 + Details
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