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Capital and Accumulated Other Comprehensive Loss (Tables) | 6 Months Ended
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Jul. 01, 2017
Equity [Abstract] |
Shares Held for Deferred Compensation Plans | During the first half of 2017, the Company purchased 5,700 shares of Common Stock in open market transactions for $0.3 million. Balances related to shares held for deferred compensation plans were as follows:
In thousands, except share amounts | June 2017 |  | December 2016 |  | June 2016
Shares held for deferred compensation plans | 343,975 |  |  | 439,667 |  |  | 477,867 |
Cost of shares held for deferred compensation plans | $ | 4,167 |  |  | $ | 5,464 |  |  | $ | 5,754 |
Deferred Components of OCI Reported, Net of Related Income Taxes, in Accumulated OCI in Stockholders' Equity and Changes in Accumulated OCI | The deferred components of OCI are reported, net of related income taxes, in accumulated OCI in stockholders’ equity, as follows:
In thousands | June 2017 |  | December 2016 |  | June 2016
Foreign currency translation and other | $ | (633,209 | ) |  | $ | (794,579 | ) |  | $ | (675,213 | )
Defined benefit pension plans | (275,089 | ) |  | (302,697 | ) |  | (351,298 | )
Derivative financial instruments | (22,299 | ) |  | 55,813 |  |  | 25,056 |
Accumulated other comprehensive loss | $ | (930,597 | ) |  | $ | (1,041,463 | ) |  | $ | (1,001,455 | )
The changes in accumulated OCI, net of related taxes, are as follows:
| Three Months Ended June 2017
In thousands | Foreign Currency Translation and Other |  | Defined Benefit Pension Plans |  | Derivative Financial Instruments |  | Total
Balance, March 2017 | $ | (742,281 | ) |  | $ | (281,721 | ) |  | $ | 35,962 |  |  | $ | (988,040 | )
Other comprehensive income (loss) before reclassifications | 109,072 |  |  | — |  |  | (48,476 | ) |  | 60,596 |
Amounts reclassified from accumulated other comprehensive income (loss) | — |  |  | 6,632 |  |  | (9,785 | ) |  | (3,153 | )
Net other comprehensive income (loss) | 109,072 |  |  | 6,632 |  |  | (58,261 | ) |  | 57,443 |
Balance, June 2017 | $ | (633,209 | ) |  | $ | (275,089 | ) |  | $ | (22,299 | ) |  | $ | (930,597 | )
| Three Months Ended June 2016
In thousands | Foreign Currency Translation and Other |  | Defined Benefit Pension Plans |  | Derivative Financial Instruments |  | Total
Balance, March 2016 | $ | (602,890 | ) |  | $ | (361,311 | ) |  | $ | 13,916 |  |  | $ | (950,285 | )
Other comprehensive income (loss) before reclassifications | (72,323 | ) |  | — |  |  | 24,133 |  |  | (48,190 | )
Amounts reclassified from accumulated other comprehensive income (loss) | — |  |  | 10,013 |  |  | (12,993 | ) |  | (2,980 | )
Net other comprehensive income (loss) | (72,323 | ) |  | 10,013 |  |  | 11,140 |  |  | (51,170 | )
Balance, June 2016 | $ | (675,213 | ) |  | $ | (351,298 | ) |  | $ | 25,056 |  |  | $ | (1,001,455 | )
| Six Months Ended June 2017
In thousands | Foreign Currency Translation and Other |  | Defined Benefit Pension Plans |  | Derivative Financial Instruments |  | Total
Balance, December 2016 | $ | (794,579 | ) |  | $ | (302,697 | ) |  | $ | 55,813 |  |  | $ | (1,041,463 | )
Other comprehensive income (loss) before reclassifications | 161,370 |  |  | 12,253 |  |  | (56,010 | ) |  | 117,613 |
Amounts reclassified from accumulated other comprehensive income (loss) | — |  |  | 15,355 |  |  | (22,102 | ) |  | (6,747 | )
Net other comprehensive income (loss) | 161,370 |  |  | 27,608 |  |  | (78,112 | ) |  | 110,866 |
Balance, June 2017 | $ | (633,209 | ) |  | $ | (275,089 | ) |  | $ | (22,299 | ) |  | $ | (930,597 | )
| Six Months Ended June 2016
In thousands | Foreign Currency Translation and Other |  | Defined Benefit Pension Plans |  | Derivative Financial Instruments |  | Total
Balance, December 2015 | $ | (718,169 | ) |  | $ | (372,195 | ) |  | $ | 47,142 |  |  | $ | (1,043,222 | )
Other comprehensive income (loss) before reclassifications | 42,956 |  |  | — |  |  | 14,435 |  |  | 57,391 |
Amounts reclassified from accumulated other comprehensive income (loss) | — |  |  | 20,897 |  |  | (36,521 | ) |  | (15,624 | )
Net other comprehensive income (loss) | 42,956 |  |  | 20,897 |  |  | (22,086 | ) |  | 41,767 |
Balance, June 2016 | $ | (675,213 | ) |  | $ | (351,298 | ) |  | $ | 25,056 |  |  | $ | (1,001,455 | )
Reclassifications Out of Accumulated OCI | Reclassifications out of accumulated OCI are as follows:
In thousands |  | Affected Line Item in the Consolidated Statements of Income |  | Three Months Ended June |  | Six Months Ended June
Details About Accumulated Other Comprehensive Income (Loss) Components |
| 2017 |  | 2016 |  | 2017 |  | 2016
Amortization of defined benefit pension plans: |  |  |  |  |  |  |  |
Net deferred actuarial losses |  | (a) |  | $ | (10,002 | ) |  | $ | (16,319 | ) |  | $ | (21,384 | ) |  | $ | (32,625 | )
Deferred prior service costs |  | (a) |  | (645 | ) |  | (645 | ) |  | (1,357 | ) |  | (1,292 | )
Pension curtailment loss |  | Loss from discontinued operations, net of tax |  | — |  |  | — |  |  | (1,105 | ) |  | — |
|  | Total before tax |  | (10,647 | ) |  | (16,964 | ) |  | (23,846 | ) |  | (33,917 | )
|  | Tax benefit |  | 4,015 |  |  | 6,951 |  |  | 8,491 |  |  | 13,020 |
|  | Net of tax |  | (6,632 | ) |  | (10,013 | ) |  | (15,355 | ) |  | (20,897 | )
Gains (losses) on derivative financial instruments: |  |  |  |  |  |  |  |
Foreign exchange contracts |  | Net sales |  | 7,047 |  |  | 2,284 |  |  | 13,460 |  |  | (2,679 | )
Foreign exchange contracts |  | Cost of goods sold |  | 5,653 |  |  | 20,772 |  |  | 16,927 |  |  | 64,609 |
Foreign exchange contracts |  | Selling, general and administrative expenses |  | (243 | ) |  | (1,535 | ) |  | (330 | ) |  | (2,513 | )
Foreign exchange contracts |  | Other income (expense), net |  | 37 |  |  | 624 |  |  | 86 |  |  | 2,127 |
Interest rate contracts |  | Interest expense |  | (1,175 | ) |  | (1,121 | ) |  | (2,333 | ) |  | (2,225 | )
|  | Total before tax |  | 11,319 |  |  | 21,024 |  |  | 27,810 |  |  | 59,319 |
|  | Tax expense |  | (1,534 | ) |  | (8,031 | ) |  | (5,708 | ) |  | (22,798 | )
|  | Net of tax |  | 9,785 |  |  | 12,993 |  |  | 22,102 |  |  | 36,521 |
Total reclassifications for the period |  | Net of tax |  | $ | 3,153 |  |  | $ | 2,980 |  |  | $ | 6,747 |  |  | $ | 15,624 |
(a) | These accumulated OCI components are included in the computation of net periodic pension cost (refer to Note G for additional details).

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- Definition Tabular disclosure of an equity-based arrangement (such as stock or unit options and stock or unit awards) with an individual employee, which is generally an employment contract between the entity and a selected officer or key employee containing a promise by the employer to pay certain equity-based awards at future dates, sometimes including a period after retirement, upon compliance with stipulated requirements. This type of arrangement is distinguished from broader based employee benefit plans as it is usually tailored to the employee. Disclosure also typically includes the amount of related compensation expense recognized during the reporting period, the number of shares or units issued during the period under such arrangements, and the carrying amount as of the balance sheet date of the related liability. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 710 -SubTopic 10 -Section 30 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6409875&loc=d3e20015-108363 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 710 -SubTopic 10 -Section 55 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=6409961&loc=d3e20487-108367 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 710 -SubTopic 10 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6409961&loc=d3e20517-108367 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 + Details
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