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ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables) | 3 Months Ended
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Apr. 03, 2021
Equity [Abstract] |
Deferred Components of AOCL in Equity, Net of Related Taxes, and Changes in AOCL | The following table presents deferred components of AOCL in equity, net of related taxes:
(In thousands) |  |  | March 2021 |  |  | December 2020 |  | March 2020
Foreign currency translation |  |  | $ | (87,260) |  |  |  | $ | (80,178) |  |  | $ | (111,328) |
Defined benefit pension plans |  |  | (1,815) |  |  |  | (1,889) |  |  | (2,272) |
Derivative financial instruments |  |  | (7,622) |  |  |  | (12,740) |  |  | (19,862) |
Accumulated other comprehensive loss |  |  | $ | (96,697) |  |  |  | $ | (94,807) |  |  | $ | (133,462) |
The following tables present changes in AOCL, net of related tax impact:
| Three Months Ended March 2021 |
| Foreign Currency Translation |  | Defined Benefit Pension Plans |  | Derivative Financial Instruments |  |  |
(In thousands) |  |  |  | Total |
Balance, December 2020 | $ | (80,178) |  |  | $ | (1,889) |  |  | $ | (12,740) |  |  | $ | (94,807) |  |
Other comprehensive income (loss) due to gains (losses) arising before reclassifications | (7,082) |  |  | — |  |  | 2,850 |  |  | (4,232) |  |
Reclassifications to net income (loss) of previously deferred (gains) losses | — |  |  | 74 |  |  | 2,268 |  |  | 2,342 |  |
Net other comprehensive income (loss) | (7,082) |  |  | 74 |  |  | 5,118 |  |  | (1,890) |  |
Balance, March 2021 | $ | (87,260) |  |  | $ | (1,815) |  |  | $ | (7,622) |  |  | $ | (96,697) |  |
| Three Months Ended March 2020 |
| Foreign Currency Translation |  | Defined Benefit Pension Plans |  | Derivative Financial Instruments |  |  |
(In thousands) |  |  |  | Total |
Balance, December 2019 | $ | (84,118) |  |  | $ | (2,301) |  |  | $ | 6,721 |  |  | $ | (79,698) |  |
Other comprehensive income (loss) due to gains (losses) arising before reclassifications | (27,210) |  |  | — |  |  | (23,655) |  |  | (50,865) |  |
Reclassifications to net income (loss) of previously deferred (gains) losses | — |  |  | 29 |  |  | (2,928) |  |  | (2,899) |  |
Net other comprehensive income (loss) | (27,210) |  |  | 29 |  |  | (26,583) |  |  | (53,764) |  |
Balance, March 2020 | $ | (111,328) |  |  | $ | (2,272) |  |  | $ | (19,862) |  |  | $ | (133,462) |  |
Reclassification out of AOCL | The following table presents reclassifications out of AOCL:
(In thousands) |  |  |  | Three Months Ended March |  |
Details About Accumulated Other Comprehensive Loss Reclassifications |  | Affected Line Item in the Financial Statements |  |
|  | 2021 |  |  | 2020 |  |  |  |  |  |
Defined benefit pension plans: |  |  |  |  |  |  |  |  |  |  |  |
Net change in deferred losses during the period |  | Selling, general and administrative expenses |  |  | $ | (99) |  |  |  | $ | (38) |  |  |  |  |  |  |
Total before tax |  |  |  |  | (99) |  |  |  | (38) |  |  |  |  |  |  |
Income taxes |  | Income taxes |  |  | 25 |  |  |  | 9 |  |  |  |  |  |  |
Net of tax |  |  |  |  | (74) |  |  |  | (29) |  |  |  |  |  |  |
Gains (losses) on derivative financial instruments: |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency exchange contracts |  | Net revenues |  |  | $ | 75 |  |  |  | $ | (358) |  |  |  |  |  |  |
Foreign currency exchange contracts |  | Cost of goods sold |  |  | (1,405) |  |  |  | 3,741 |  |  |  |  |  |  |
Foreign currency exchange contracts |  | Other expense, net |  |  | (134) |  |  |  | (4) |  |  |  |  |  |  |
Interest rate swap agreements |  | Interest expense |  |  | (1,513) |  |  |  | (231) |  |  |  |  |  |  |
Total before tax |  |  |  |  | (2,977) |  |  |  | 3,148 |  |  |  |  |  |  |
Income taxes |  | Income taxes |  |  | 709 |  |  |  | (220) |  |  |  |  |  |  |
Net of tax |  |  |  |  | (2,268) |  |  |  | 2,928 |  |  |  |  |  |  |
Total reclassifications for the period, net of tax |  |  | $ | (2,342) |  |  |  | $ | 2,899 |  |  |  |  |  |  |

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