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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jul. 01, 2023
Jul. 02, 2022
Jul. 01, 2023
Jul. 02, 2022
Consolidated net income $ 237,791 $ 371,495 $ 513,116 $ 737,491
Other comprehensive (loss) income:        
Foreign currency translation adjustment and other, net of taxes (1,343) (221,200) 9,942 (271,110)
Unrealized (loss) gain on foreign exchange contracts designated as net investment hedges, net of taxes (4,043) 14,251 (4,476) 13,676
Unrealized gain on interest rate swaps designated as cash flow hedges, net of taxes 5,447 11,679 1,738 19,884
Employee benefit plan items, net of taxes (298) 89 (570) 188
Other comprehensive (loss) income (237) (195,181) 6,634 (237,362)
Comprehensive income 237,554 176,314 519,750 500,129
Less: Comprehensive (loss) income attributable to noncontrolling interests (1,377) (975) 3,275 (597)
Comprehensive income attributable to shareholders $ 238,931 $ 177,289 $ 516,475 $ 500,726