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Accumulated Other Comprehensive Loss | 6 Months Ended
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Jul. 03, 2022
Equity [Abstract] |
Accumulated Other Comprehensive Loss | Accumulated Other Comprehensive LossThe following table summarizes the components of accumulated other comprehensive loss and the changes in the balances of each component of accumulated other comprehensive loss, net of tax as applicable, for the six months ended July 3, 2022 and July 4, 2021:
|  | Foreign Currency Items |  | Defined Benefit Pension Items |  | Cash Flow Hedges |  | Accumulated Other Comprehensive Loss
Balance at December 31, 2021 |  | $ | (269,076) |  |  | $ | (91,397) |  |  | $ | 1,048 |  |  | $ | (359,425) |
Other comprehensive (loss)/income before reclassifications |  | (73,722) |  |  | (3,893) |  |  | 3,047 |  |  | (74,568) |
Amounts reclassified from accumulated other comprehensive loss to net income |  | 3,747 |  |  | 2,156 |  |  | (2,199) |  |  | 3,704 |
Amounts reclassified from accumulated other comprehensive loss to fixed assets |  | — |  |  | — |  |  | (388) |  |  | (388) |
Other comprehensive (loss)/income |  | (69,975) |  |  | (1,737) |  |  | 460 |  |  | (71,252) |
Balance at July 3, 2022 |  | $ | (339,051) |  |  | $ | (93,134) |  |  | $ | 1,508 |  |  | $ | (430,677) |
Balance at December 31, 2020 |  | $ | (194,024) |  |  | $ | (562,747) |  |  | $ | (71) |  |  | $ | (756,842) |
Other comprehensive (loss)/income before reclassifications |  | (20,184) |  |  | 10,888 |  |  | 5,219 |  |  | (4,077) |
Amounts reclassified from accumulated other comprehensive loss to net loss |  | — |  |  | 417,242 |  |  | (733) |  |  | 416,509 |
Amounts reclassified from accumulated other comprehensive loss to fixed assets |  | — |  |  | — |  |  | (46) |  |  | (46) |
Other comprehensive (loss)/income |  | (20,184) |  |  | 428,130 |  |  | 4,440 |  |  | 412,386 |
Balance at July 4, 2021 |  | $ | (214,208) |  |  | $ | (134,617) |  |  | $ | 4,369 |  |  | $ | (344,456) |
The following table summarizes the effects on net income of significant amounts reclassified from each component of accumulated other comprehensive loss for the three- and six-month periods ended July 3, 2022 and July 4, 2021:
|  | Amount Reclassified from Accumulated Other Comprehensive Loss |  |
|  | Three Months Ended | Six Months Ended |  |
Details about Accumulated Other Comprehensive Loss Components |  | July 3, 2022 | July 4, 2021 | July 3, 2022 | July 4, 2021 |  | Affected Line Item in the Condensed Consolidated Statements of Income
Foreign currency items |  |  |  |  |  |  |
Loss on Russia restructuring(a) |  | $ | (3,747) |  | — |  | $ | (3,747) |  | — |  |  | Restructuring/Asset impairment charges
Gains/(losses) on cash flow hedges |  |  |  |  |
Foreign exchange contracts |  | 843 |  | 1,489 |  | 1,866 |  | 1,829 |  |  | Net sales
Foreign exchange contracts |  | (1,011) |  | (1,190) |  | (1,706) |  | (1,418) |  |  | Cost of sales
Commodity contracts |  | 1,979 |  | 646 |  | 2,937 |  | 575 |  |  | Cost of sales
|  | 1,811 |  | 945 |  | 3,097 |  | 986 |  |  | Income/(Loss) before income taxes
Income tax impact |  | (529) |  | (241) |  | (898) |  | (253) |  |  | Provision for/(Benefit from) income taxes
|  | 1,282 |  | 704 |  | 2,199 |  | 733 |  |  | Net income/(loss)
Defined benefit pension items |  |  |  |  |  |  |
Effect of settlement loss(b) |  | (74) |  | (547,631) |  | (430) |  | (547,631) |  |  | Non-operating pension costs
Amortization of defined benefit pension items(b) |  | (1,255) |  | (6,432) |  | (2,426) |  | (13,333) |  |  | Non-operating pension costs
|  | (1,329) |  | $ | (554,063) |  | (2,856) |  | (560,964) |  |  | Income/(Loss) before income taxes
Income tax impact |  | 335 |  | 142,090 |  | 700 |  | 143,722 |  |  | Provision for/(Benefit from) income taxes
|  | (994) |  | $ | (411,973) |  | (2,156) |  | (417,242) |  |  | Net income/(loss)
Total reclassifications for the period |  | $ | (3,459) |  | $ | (411,269) |  | $ | (3,704) |  | $ | (416,509) |  |  | Net income/(loss)
(a) See Note 5 for additional details. (b) See Note 11 for additional details. The following table summarizes the before and after tax amounts for the various components of other comprehensive income/(loss) for the three-month periods ended July 3, 2022 and July 4, 2021:
|  |  | Three months ended July 3, 2022 |  | Three months ended July 4, 2021
|  |  | Before Tax Amount | Tax (Expense) Benefit | After Tax Amount |  | Before Tax Amount | Tax (Expense) Benefit | After Tax Amount
Foreign currency items: |  |  |  |  |  |  |  |
| Other comprehensive (loss)/income before reclassifications |  | $ | (73,537) |  | $ | — |  | $ | (73,537) |  |  | $ | 11,837 |  | $ | — |  | $ | 11,837 |
| Amounts reclassified from accumulated other comprehensive loss to net income/(loss)(a) |  | 3,747 |  | — |  | 3,747 |  |  | — |  | — |  | — |
| Net other comprehensive (loss)/income from foreign currency items |  | (69,790) |  | — |  | (69,790) |  | — |  | 11,837 |  | — |  | 11,837 |
Defined benefit pension items: |  |  |  |  |  |  |  |
| Other comprehensive (loss)/income before reclassifications |  | (3,907) |  | 985 |  | (2,922) |  |  | 14,213 |  | (3,441) |  | 10,772 |
| Amounts reclassified from accumulated other comprehensive loss to net income/(loss)(b) |  | 1,329 |  | (335) |  | 994 |  |  | 554,063 |  | (142,090) |  | 411,973 |
| Net other comprehensive (loss)/income from defined benefit pension items |  | (2,578) |  | 650 |  | (1,928) |  |  | 568,276 |  | (145,531) |  | 422,745 |
Gains and losses on cash flow hedges: |  |  |  |  |  |  |  |
| Other comprehensive income/(loss) before reclassifications |  | (474) |  | 139 |  | (335) |  |  | 5,674 |  | (1,452) |  | 4,222 |
| Amounts reclassified from accumulated other comprehensive loss to net income/(loss) |  | (1,811) |  | 529 |  | (1,282) |  |  | (945) |  | 241 |  | (704) |
| Amounts reclassified from accumulated other comprehensive loss to fixed assets |  | (668) |  | 195 |  | (473) |  |  | (49) |  | 13 |  | (36) |
| Net other comprehensive income/(loss) from cash flow hedges |  | (2,953) |  | 863 |  | (2,090) |  |  | 4,680 |  | (1,198) |  | 3,482 |
Other comprehensive income/(loss) |  | $ | (75,321) |  | $ | 1,513 |  | $ | (73,808) |  |  | $ | 584,793 |  | $ | (146,729) |  | $ | 438,064 |
(a) See Note 5 for additional details. (b) See Note 11 for additional details. The following table summarizes the before and after tax amounts for the various components of other comprehensive income/(loss) for the six-month periods ended July 3, 2022 and July 4, 2021:
|  |  | Six months ended July 3, 2022 |  | Six months ended July 4, 2021
|  |  | Before Tax Amount | Tax (Expense) Benefit | After Tax Amount |  | Before Tax Amount | Tax (Expense) Benefit | After Tax Amount
Foreign currency items: |  |  |  |  |  |  |  |
| Other comprehensive loss before reclassifications |  | $ | (73,722) |  | $ | — |  | $ | (73,722) |  |  | $ | (20,184) |  | $ | — |  | $ | (20,184) |
| Amounts reclassified from accumulated other comprehensive loss to net income/(loss)(a) |  | 3,747 |  | — |  | 3,747 |  |  | — |  | — |  | — |
| Net other comprehensive loss from foreign currency items |  | (69,975) |  | — |  | (69,975) |  |  | (20,184) |  | — |  | (20,184) |
Defined benefit pension items: |  |  |  |  |  |  |  |
| Other comprehensive (loss)/income before reclassifications |  | (5,183) |  | 1,290 |  | (3,893) |  |  | 14,364 |  | (3,476) |  | 10,888 |
| Amounts reclassified from accumulated other comprehensive loss to net income/(loss)(b) |  | 2,856 |  | (700) |  | 2,156 |  |  | 560,964 |  | (143,722) |  | 417,242 |
| Net other comprehensive (loss)/income from defined benefit pension items |  | (2,327) |  | 590 |  | (1,737) |  |  | 575,328 |  | (147,198) |  | 428,130 |
Gains and losses on cash flow hedges: |  |  |  |  |  |  |  |
| Other comprehensive income/(loss) before reclassifications |  | 4,271 |  | (1,224) |  | 3,047 |  |  | 7,012 |  | (1,793) |  | 5,219 |
| Amounts reclassified from accumulated other comprehensive loss to net income/(loss) |  | (3,097) |  | 898 |  | (2,199) |  |  | (986) |  | 253 |  | (733) |
| Amounts reclassified from accumulated other comprehensive loss to fixed assets |  | (552) |  | 164 |  | (388) |  |  | (62) |  | 16 |  | (46) |
| Net other comprehensive income/(loss) from cash flow hedges |  | 622 |  | (162) |  | 460 |  |  | 5,964 |  | (1,524) |  | 4,440 |
Other comprehensive income/(loss) |  | $ | (71,680) |  | $ | 428 |  | $ | (71,252) |  |  | $ | 561,108 |  | $ | (148,722) |  | $ | 412,386 |
(a) See Note 5 for additional details. (b) See Note 11 for additional details.

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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 https://asc.fasb.org/topic&trid=2134417 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -URI https://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -URI https://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263 + Details
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