XML 37 R28.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Accumulated Other Comprehensive Loss (Tables) | 9 Months Ended
--- | ---
Oct. 02, 2022
Equity [Abstract] |
Summary of Components of Accumulated Other Comprehensive Loss | The 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 nine-month period ended October 2, 2022 and October 3, 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 |  | (155,179) |  |  | (3,948) |  |  | 4,136 |  |  | (154,991) |
Amounts reclassified from accumulated other comprehensive loss to net income |  | 3,747 |  |  | 3,072 |  |  | (4,286) |  |  | 2,533 |
Amounts reclassified from accumulated other comprehensive loss to fixed assets |  | — |  |  | — |  |  | (642) |  |  | (642) |
Other comprehensive (loss)/income |  | (151,432) |  |  | (876) |  |  | (792) |  |  | (153,100) |
Balance at October 2, 2022 |  | $ | (420,508) |  |  | $ | (92,273) |  |  | $ | 256 |  |  | $ | (512,525) |
Balance at December 31, 2020 |  | $ | (194,024) |  |  | $ | (562,747) |  |  | $ | (71) |  |  | $ | (756,842) |
Other comprehensive (loss)/income before reclassifications |  | (57,261) |  |  | 11,302 |  |  | 7,804 |  |  | (38,155) |
Amounts reclassified from accumulated other comprehensive loss to net loss |  | — |  |  | 418,521 |  |  | (2,403) |  |  | 416,118 |
Amounts reclassified from accumulated other comprehensive loss to fixed assets |  | — |  |  | — |  |  | (31) |  |  | (31) |
Other comprehensive (loss)/income |  | (57,261) |  |  | 429,823 |  |  | 5,370 |  |  | 377,932 |
Balance at October 3, 2021 |  | $ | (251,285) |  |  | $ | (132,924) |  |  | $ | 5,299 |  |  | $ | (378,910) |
Summary of Effects on Net Income of Significant Amounts Reclassified from Accumulated Other Comprehensive Loss | 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 nine-month periods ended October 2, 2022 and October 3, 2021:
|  | Amount Reclassified from Accumulated Other Comprehensive Loss |  |
|  | Three Months Ended | Nine Months Ended |  |
Details about Accumulated Other Comprehensive Loss Components |  | October 2, 2022 | October 3, 2021 | October 2, 2022 | October 3, 2021 |  | Affected Line Item in the Condensed Consolidated Statements of Income
Foreign currency items |  |  |  |  |  |  |
Loss on Russia restructuring(a) |  | $ | — |  | — |  | $ | (3,747) |  | — |  |  | Restructuring/Asset impairment charges
Gains/(losses) on cash flow hedges |  |  |  |  |
Foreign exchange contracts |  | 559 |  | 937 |  | 2,425 |  | 2,766 |  |  | Net sales
Foreign exchange contracts |  | (433) |  | (711) |  | (2,139) |  | (2,129) |  |  | Cost of sales
Commodity contracts |  | 2,434 |  | 2,051 |  | 5,371 |  | 2,626 |  |  | Cost of sales
|  | 2,560 |  | 2,277 |  | 5,657 |  | 3,263 |  |  | Income/(Loss) before income taxes
Income tax impact |  | (473) |  | (607) |  | (1,371) |  | (860) |  |  | Provision for/(Benefit from) income taxes
|  | 2,087 |  | 1,670 |  | 4,286 |  | 2,403 |  |  | Net income/(loss)
Defined benefit pension items |  |  |  |  |  |  |
Effect of settlement loss(b) |  | — |  | (21) |  | (430) |  | (547,652) |  |  | Non-operating pension costs
Amortization of defined benefit pension items(b) |  | (1,229) |  | (1,640) |  | (3,655) |  | (14,973) |  |  | Non-operating pension costs
|  | (1,229) |  | (1,661) |  | (4,085) |  | (562,625) |  |  | Income/(Loss) before income taxes
Income tax impact |  | 313 |  | 382 |  | 1,013 |  | 144,104 |  |  | Provision for/(Benefit from) income taxes
|  | (916) |  | (1,279) |  | (3,072) |  | (418,521) |  |  | Net income/(loss)
Total reclassifications for the period |  | $ | 1,171 |  | $ | 391 |  | $ | (2,533) |  | $ | (416,118) |  |  | Net income/(loss)
(a) See Note 5 for additional details. (b) See Note 11 for additional details.
Summary of Before and After Tax Amounts for Comprehensive Income (Loss) Components | The following table summarizes the before and after tax amounts for the various components of other comprehensive (loss)/income for the three-month periods ended October 2, 2022 and October 3, 2021:
|  |  | Three months ended October 2, 2022 |  | Three months ended October 3, 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 |  | $ | (81,457) |  | $ | — |  | $ | (81,457) |  |  | $ | (37,077) |  | $ | — |  | $ | (37,077) |
| Amounts reclassified from accumulated other comprehensive loss to net income(a) |  | — |  | — |  | — |  |  | — |  | — |  | — |
| Net other comprehensive loss from foreign currency items |  | (81,457) |  | — |  | (81,457) |  | — |  | (37,077) |  | — |  | (37,077) |
Defined benefit pension items: |  |  |  |  |  |  |  |
| Other comprehensive (loss)/income before reclassifications |  | (74) |  | 19 |  | (55) |  |  | 559 |  | (145) |  | 414 |
| Amounts reclassified from accumulated other comprehensive loss to net income(b) |  | 1,229 |  | (313) |  | 916 |  |  | 1,661 |  | (382) |  | 1,279 |
| Net other comprehensive income/(loss) from defined benefit pension items |  | 1,155 |  | (294) |  | 861 |  |  | 2,220 |  | (527) |  | 1,693 |
Gains and losses on cash flow hedges: |  |  |  |  |  |  |  |
| Other comprehensive income/(loss) before reclassifications |  | 1,336 |  | (247) |  | 1,089 |  |  | 3,525 |  | (940) |  | 2,585 |
| Amounts reclassified from accumulated other comprehensive loss to net income(c) |  | (2,560) |  | 473 |  | (2,087) |  |  | (2,277) |  | 607 |  | (1,670) |
| Amounts reclassified from accumulated other comprehensive loss to fixed assets |  | (312) |  | 58 |  | (254) |  |  | 20 |  | (5) |  | 15 |
| Net other comprehensive (loss)/ income from cash flow hedges |  | (1,536) |  | 284 |  | (1,252) |  |  | 1,268 |  | (338) |  | 930 |
Other comprehensive (loss)/income |  | $ | (81,838) |  | $ | (10) |  | $ | (81,848) |  |  | $ | (33,589) |  | $ | (865) |  | $ | (34,454) |
(a) See Note 5 for additional details. (b) See Note 11 for additional details. (c) See Note 9 for additional details. The following table summarizes the before and after tax amounts for the various components of other comprehensive (loss)/income for the nine-month periods ended October 2, 2022 and October 3, 2021:
|  |  | Nine-month period ended October 2, 2022 |  | Nine-month period ended October 3, 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 |  | $ | (155,179) |  | $ | — |  | $ | (155,179) |  |  | $ | (57,261) |  | $ | — |  | $ | (57,261) |
| Amounts reclassified from accumulated other comprehensive loss to net income/(loss)(a) |  | 3,747 |  | — |  | 3,747 |  |  | — |  | — |  | — |
| Net other comprehensive loss from foreign currency items |  | (151,432) |  | — |  | (151,432) |  |  | (57,261) |  | — |  | (57,261) |
Defined benefit pension items: |  |  |  |  |  |  |  |
| Other comprehensive (loss)/income before reclassifications |  | (5,257) |  | 1,309 |  | (3,948) |  |  | 14,923 |  | (3,621) |  | 11,302 |
| Amounts reclassified from accumulated other comprehensive loss to net income/(loss)(b) |  | 4,085 |  | (1,013) |  | 3,072 |  |  | 562,625 |  | (144,104) |  | 418,521 |
| Net other comprehensive (loss)/income from defined benefit pension items |  | (1,172) |  | 296 |  | (876) |  |  | 577,548 |  | (147,725) |  | 429,823 |
Gains and losses on cash flow hedges: |  |  |  |  |  |  |  |
| Other comprehensive income/(loss) before reclassifications |  | 5,607 |  | (1,471) |  | 4,136 |  |  | 10,536 |  | (2,732) |  | 7,804 |
| Amounts reclassified from accumulated other comprehensive loss to net income/(loss)(c) |  | (5,657) |  | 1,371 |  | (4,286) |  |  | (3,263) |  | 860 |  | (2,403) |
| Amounts reclassified from accumulated other comprehensive loss to fixed assets |  | (864) |  | 222 |  | (642) |  |  | (42) |  | 11 |  | (31) |
| Net other comprehensive (loss)/income from cash flow hedges |  | (914) |  | 122 |  | (792) |  |  | 7,231 |  | (1,861) |  | 5,370 |
Other comprehensive (loss)/ income |  | $ | (153,518) |  | $ | 418 |  | $ | (153,100) |  |  | $ | 527,518 |  | $ | (149,586) |  | $ | 377,932 |
(a) See Note 5 for additional details. (b) See Note 11 for additional details. (c) See Note 9 for additional details.

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss). + References No definition available. + Details
Name: | us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 30 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6450520&loc=d3e32583-110901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI https://asc.fasb.org/extlink&oid=126968391&loc=SL7669686-108580 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 30 -Section 45 -Paragraph 20 -URI https://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of components of comprehensive income (loss). Includes, but is not limited to, foreign currency translation adjustments, foreign currency transactions designated as economic hedges of a net investment in foreign entity, gain (loss) and prior service cost (credit) for pension plans and other postretirement benefit plans. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=126968391&loc=d3e526-108580 + Details
Name: | us-gaap_ScheduleOfComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration