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Accumulated Other Comprehensive Income (Loss) | 9 Months Ended
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Oct. 02, 2021
Equity [Abstract] |
Accumulated Other Comprehensive Income (Loss) | Accumulated Other Comprehensive Income (Loss) The changes in accumulated other comprehensive income (loss) by component for the nine months ended October 2, 2021 are as follows:
| Foreign currency translation adjustments |  | Pensions, net of tax |  | Total
Balance as of December 31, 2020 | $ | (680,255) |  |  | (14,890) |  |  | (695,145) |
Current period other comprehensive income (loss) | (177,788) |  |  | 316 |  |  | (177,472) |
Balance as of October 2, 2021 | $ | (858,043) |  |  | (14,574) |  |  | (872,617) |
Stockholders’ Equity The following tables reflect the changes in stockholders’ equity for the three months ended October 2, 2021 and September 26, 2020 (in thousands).
|  | Total Stockholders’ Equity
|  | Common Stock | Additional Paid-in Capital | Retained Earnings | Accumulated Other Comprehensive Income (Loss) | Treasury Stock | Nonredeemable Noncontrolling Interests | Total Stockholders’ Equity
| Shares | Amount | Shares | Amount
July 3, 2021 |  | 76,372 |  | $764 |  | $1,895,612 |  | $7,867,795 |  | ($781,506) |  | (7,343) |  | ($215,547) |  | $6,824 |  | $8,773,942 |
Shares issued under employee and director stock plans |  | — |  | — |  | (59) |  | — |  | — |  | — |  | — |  | — |  | (59) |
Stock-based compensation expense |  | — |  | — |  | 7,425 |  | — |  | — |  | — |  | — |  | — |  | 7,425 |
Repurchases of common stock |  | (1,017) |  | (10) |  | — |  | (208,823) |  | — |  | — |  | — |  | — |  | (208,833) |
Net earnings attributable to noncontrolling interests |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | 206 |  | 206 |
Currency translation adjustment on noncontrolling interests |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | (99) |  | (99) |
Currency translation adjustment |  | — |  | — |  | — |  | — |  | (91,219) |  | — |  | — |  | — |  | (91,219) |
Prior pension and post-retirement benefit service cost and actuarial gain |  | — |  | — |  | — |  | — |  | 108 |  | — |  | — |  | — |  | 108 |
Net earnings |  | — |  | — |  | — |  | 270,978 |  | — |  | — |  | — |  | — |  | 270,978 |
October 2, 2021 |  | 75,355 |  | $754 |  | $1,902,978 |  | $7,929,950 |  | ($872,617) |  | (7,343) |  | ($215,547) |  | $6,931 |  | $8,752,449 |
|  | Total Stockholders’ Equity
|  | Common Stock | Additional Paid-in Capital | Retained Earnings | Accumulated Other Comprehensive Income (Loss) | Treasury Stock | Nonredeemable Noncontrolling Interests | Total Stockholders’ Equity
| Shares | Amount | Shares | Amount
June 27, 2020 |  | 78,541 |  | $785 |  | $1,874,623 |  | $7,225,828 |  | ($966,776) |  | (7,346) |  | ($215,648) |  | $6,052 |  | $7,924,864 |
Shares issued under employee and director stock plans |  | 4 |  | — |  | 492 |  | — |  | — |  | — |  | — |  | — |  | 492 |
Stock-based compensation expense |  | — |  | — |  | 4,883 |  | — |  | — |  | — |  | — |  | — |  | 4,883 |
Net earnings attributable to noncontrolling interests |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | 336 |  | 336 |
Currency translation adjustment on noncontrolling interests |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | 24 |  | 24 |
Currency translation adjustment |  | — |  | — |  | — |  | — |  | 31,283 |  | — |  | — |  | — |  | 31,283 |
Prior pension and post-retirement benefit service cost and actuarial gain |  | — |  | — |  | — |  | — |  | 70 |  | — |  | — |  | — |  | 70 |
Net earnings |  | — |  | — |  | — |  | 205,117 |  | — |  | — |  | — |  | — |  | 205,117 |
September 26, 2020 |  | 78,545 |  | $785 |  | $1,879,998 |  | $7,430,945 |  | ($935,423) |  | (7,346) |  | ($215,648) |  | $6,412 |  | $8,167,069 |
The following tables reflect the changes in stockholders’ equity for the nine months ended October 2, 2021 and September 26, 2020 (in thousands).
|  | Total Stockholders’ Equity
|  | Common Stock | Additional Paid-in Capital | Retained Earnings | Accumulated Other Comprehensive Income (Loss) | Treasury Stock | Noncontrolling Interest | Total Stockholders’ Equity
| Shares | Amount | Shares | Amount
December 31, 2020 |  | 77,624 |  | $776 |  | $1,885,142 |  | $7,559,191 |  | ($695,145) |  | (7,346) |  | ($215,648) |  | $6,842 |  | $8,541,158 |
Shares issued under employee and director stock plans |  | 115 |  | 1 |  | (1,575) |  | — |  | — |  | 3 |  | 101 |  | — |  | (1,473) |
Stock-based compensation expense |  | — |  | — |  | 19,411 |  | — |  | — |  | — |  | — |  | — |  | 19,411 |
Repurchases of common stock |  | (2,384) |  | (23) |  | — |  | (473,311) |  | — |  | — |  | — |  | — |  | (473,334) |
Net earnings attributable to noncontrolling interests |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | 378 |  | 378 |
Currency translation adjustment on noncontrolling interests |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | (289) |  | (289) |
Currency translation adjustment |  | — |  | — |  | — |  | — |  | (177,788) |  | — |  | — |  | — |  | (177,788) |
Prior pension and post-retirement benefit service cost and actuarial gain |  | — |  | — |  | — |  | — |  | 316 |  | — |  | — |  | — |  | 316 |
Net earnings |  | — |  | — |  | — |  | 844,070 |  | — |  | — |  | — |  | — |  | 844,070 |
October 2, 2021 |  | 75,355 |  | $754 |  | $1,902,978 |  | $7,929,950 |  | ($872,617) |  | (7,343) |  | ($215,547) |  | $6,931 |  | $8,752,449 |
|  | Total Stockholders’ Equity
|  | Common Stock | Additional Paid-in Capital | Retained Earnings | Accumulated Other Comprehensive Income (Loss) | Treasury Stock | Noncontrolling Interest | Total Stockholders’ Equity
| Shares | Amount | Shares | Amount
December 31, 2019 |  | 78,980 |  | $790 |  | $1,868,250 |  | $7,232,337 |  | ($765,824) |  | (7,348) |  | ($215,712) |  | $6,607 |  | $8,126,448 |
Shares issued under employee and director stock plans |  | 144 |  | 1 |  | (2,811) |  | — |  | — |  | 2 |  | 64 |  | — |  | (2,746) |
Stock-based compensation expense |  | — |  | — |  | 14,559 |  | — |  | — |  | — |  | — |  | — |  | 14,559 |
Repurchases of common stock |  | (579) |  | (6) |  | — |  | (68,635) |  | — |  | — |  | — |  | — |  | (68,641) |
Net earnings attributable to noncontrolling interests |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | (44) |  | (44) |
Currency translation adjustment on noncontrolling interests |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | (151) |  | (151) |
Currency translation adjustment |  | — |  | — |  |  | — |  | (169,763) |  | — |  | — |  | — |  | (169,763) |
Prior pension and post-retirement benefit service cost and actuarial gain |  | — |  | — |  | — |  | — |  | 164 |  | — |  | — |  | — |  | 164 |
CECL adoption |  | — |  | — |  | — |  | (131) |  | — |  | — |  | — |  | — |  | (131) |
Net earnings |  | — |  | — |  | — |  | 267,374 |  | — |  | — |  | — |  | — |  | 267,374 |
September 26, 2020 |  | 78,545 |  | $785 |  | $1,879,998 |  | $7,430,945 |  | ($935,423) |  | (7,346) |  | ($215,648) |  | $6,412 |  | $8,167,069 |

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