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v3.23.2

Accumulated Other Comprehensive Income (Loss) | 6 Months Ended
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Jul. 01, 2023
Equity [Abstract] |
Accumulated Other Comprehensive Income (Loss) | Accumulated Other Comprehensive Income (Loss)
| Foreign currency translation adjustments |  | Prior pension and post- retirement benefit service cost and actuarial gain (loss) |  | Total
Balance as of December 31, 2022 | $ | (1,114,629) |  |  | 371 |  |  | (1,114,258) |
Current period other comprehensive income (loss) | 7,024 |  |  | (508) |  |  | 6,516 |
Balance as of July 1, 2023 | $ | (1,107,605) |  |  | (137) |  |  | (1,107,742) |
Stockholders’ Equity The following tables reflect the changes in stockholders’ equity for the three months ended July 1, 2023 and July 2, 2022 (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
Balance as of April 1, 2023 |  | 71,017 |  | $710 |  | $1,931,987 |  | $7,489,998 |  | ($1,107,825) |  | (7,338) |  | ($215,397) |  | $6,233 |  | $8,105,706 |
Shares issued under employee and director stock plans, net of shares withheld to pay taxes on employees’ equity awards |  | 1 |  | — |  | (17) |  | — |  | — |  | — |  | — |  | — |  | (17) |
Stock-based compensation expense |  | — |  | — |  | 5,350 |  | — |  | — |  | — |  | — |  | — |  | 5,350 |
Net earnings attributable to noncontrolling interests |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | (3) |  | (3) |
Currency translation adjustment on noncontrolling interests |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | (316) |  | (316) |
Currency translation adjustment |  | — |  | — |  | — |  | — |  | 95 |  | — |  | — |  | — |  | 95 |
Prior pension and post-retirement benefit service cost and actuarial loss |  | — |  | — |  | — |  | — |  | (12) |  | — |  | — |  | — |  | (12) |
Net earnings |  | — |  | — |  | — |  | 101,217 |  | — |  | — |  | — |  | — |  | 101,217 |
Balances as of July 1, 2023 |  | 71,018 |  | $710 |  | $1,937,320 |  | $7,591,215 |  | ($1,107,742) |  | (7,338) |  | ($215,397) |  | $5,914 |  | $8,212,020 |
|  | 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
Balances as of April 2, 2022 |  | 70,880 |  | $709 |  | $1,913,518 |  | $7,630,837 |  | ($1,048,599) |  | (7,341) |  | ($215,495) |  | $6,633 |  | $8,287,603 |
Shares issued under employee and director stock plans, net of shares withheld to pay taxes on employees’ equity awards |  | 2 |  | — |  | (2) |  | — |  | — |  | — |  | 4 |  | — |  | 2 |
Stock-based compensation expense |  | — |  | — |  | 5,654 |  | — |  | — |  | — |  | — |  | — |  | 5,654 |
Repurchases of common stock |  | (4) |  | — |  | — |  | (611) |  | — |  | — |  | — |  | — |  | (611) |
Net earnings attributable to noncontrolling interests |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | 79 |  | 79 |
Currency translation adjustment on noncontrolling interests |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | 535 |  | 535 |
Purchase of noncontrolling interest, net of taxes |  | — |  | — |  | 572 |  | — |  | — |  | — |  | — |  | (927) |  | (355) |
Currency translation adjustment |  | — |  | — |  | — |  | — |  | 33,530 |  | — |  | — |  | — |  | 33,530 |
Prior pension and post-retirement benefit service cost and actuarial gain |  | — |  | — |  | — |  | — |  | 70 |  | — |  | — |  | — |  | 70 |
Net earnings |  | — |  | — |  | — |  | 280,431 |  | — |  | — |  | — |  | — |  | 280,431 |
Balances as of July 2, 2022 |  | 70,878 |  | $709 |  | $1,919,742 |  | $7,910,657 |  | ($1,014,999) |  | (7,341) |  | ($215,491) |  | $6,320 |  | $8,606,938 |
The following tables reflect the changes in stockholders’ equity for the six months ended July 1, 2023 and July 2, 2022 (in thousands).
|  | Total Stockholders’ Equity
|  | Common Stock | Additional Paid-in Capital | Retained Earnings | Accumulated Other Comprehensive Income (Loss) | Treasury Stock | Nonredeemable Noncontrolling Interest | Total Stockholders’ Equity
| Shares | Amount | Shares | Amount
Balances as of December 31, 2022 |  | 70,875 |  | $709 |  | $1,930,789 |  | $7,409,760 |  | ($1,114,258) |  | (7,341) |  | ($215,491) |  | $6,405 |  | $8,017,914 |
Shares issued under employee and director stock plans, net of shares withheld to pay taxes on employees’ equity awards |  | 143 |  | 1 |  | (3,905) |  | — |  | — |  | 3 |  | 94 |  | — |  | (3,810) |
Stock-based compensation expense |  | — |  | — |  | 10,383 |  | — |  | — |  | — |  | — |  | — |  | 10,383 |
Net earnings attributable to noncontrolling interests |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | 35 |  | 35 |
Currency translation adjustment on noncontrolling interests |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | (373) |  | (373) |
Purchase of noncontrolling interest, net of taxes |  | — |  | — |  | 53 |  | — |  | — |  | — |  | — |  | (153) |  | (100) |
Currency translation adjustment |  | — |  | — |  | — |  | — |  | 7,024 |  | — |  | — |  | — |  | 7,024 |
Prior pension and post-retirement benefit service cost and actuarial loss |  | — |  | — |  | — |  | — |  | (508) |  | — |  | — |  | — |  | (508) |
Net earnings |  | — |  | — |  | — |  | 181,455 |  | — |  | — |  | — |  | — |  | 181,455 |
Balances as of July 1, 2023 |  | 71,018 |  | $710 |  | $1,937,320 |  | $7,591,215 |  | ($1,107,742) |  | (7,338) |  | ($215,397) |  | $5,914 |  | $8,212,020 |
|  | Total Stockholders’ Equity
|  | Common Stock | Additional Paid-in Capital | Retained Earnings | Accumulated Other Comprehensive Income (Loss) | Treasury Stock | Nonredeemable Noncontrolling Interest | Total Stockholders’ Equity
| Shares | Amount | Shares | Amount
Balances as of December 31, 2021 |  | 72,952 |  | $729 |  | $1,911,131 |  | $7,692,064 |  | ($966,952) |  | (7,343) |  | ($215,547) |  | $6,791 |  | $8,428,216 |
Shares issued under employee and director stock plans |  | 107 |  | 1 |  | (3,270) |  | — |  | — |  | 2 |  | 56 |  | — |  | (3,213) |
Stock-based compensation expense |  | — |  | — |  | 11,309 |  | — |  | — |  | — |  | — |  | — |  | 11,309 |
Repurchases of common stock |  | (2,181) |  | (21) |  | — |  | (307,167) |  | — |  | — |  | — |  | — |  | (307,188) |
Net earnings attributable to noncontrolling interests |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | 184 |  | 184 |
Currency translation adjustment on noncontrolling interests |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | 272 |  | 272 |
Purchase of noncontrolling interest, net of taxes |  | — |  | — |  | 572 |  | — |  | — |  | — |  | — |  | (927) |  | (355) |
Currency translation adjustment |  | — |  | — |  |  | — |  | (48,654) |  | — |  | — |  | — |  | (48,654) |
Prior pension and post-retirement benefit service cost and actuarial gain |  | — |  | — |  | — |  | — |  | 607 |  | — |  | — |  | — |  | 607 |
Net earnings |  | — |  | — |  | — |  | 525,760 |  | — |  | — |  | — |  | — |  | 525,760 |
Balances as of July 2, 2022 |  | 70,878 |  | $709 |  | $1,919,742 |  | $7,910,657 |  | ($1,014,999) |  | (7,341) |  | ($215,491) |  | $6,320 |  | $8,606,938 |

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