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ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables) | 3 Months Ended
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Apr. 01, 2023
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 2023 |  |  | December 2022 |  | March 2022
Foreign currency translation |  | $ | (99,139) |  |  |  | $ | (107,462) |  |  | $ | (96,740) |
Defined benefit pension plans |  | 2,208 |  |  |  | 2,243 |  |  | (2,171) |
Derivative financial instruments |  | 28,926 |  |  |  | 25,554 |  |  | 15,214 |
Accumulated other comprehensive loss |  | $ | (68,005) |  |  |  | $ | (79,665) |  |  | $ | (83,697) |
The following tables present changes in AOCL, net of related tax impact:
| Three Months Ended March 2023 |
(In thousands) | Foreign Currency Translation |  | Defined Benefit Pension Plans |  | Derivative Financial Instruments |  | Total |
Balance, December 2022 | $ | (107,462) |  |  | $ | 2,243 |  |  | $ | 25,554 |  |  | $ | (79,665) |  |
Other comprehensive income (loss) due to gains (losses) arising before reclassifications | 8,323 |  |  | — |  |  | 10,292 |  |  | 18,615 |  |
Reclassifications to net income of previously deferred (gains) losses | — |  |  | (35) |  |  | (6,920) |  |  | (6,955) |  |
Net other comprehensive income (loss) | 8,323 |  |  | (35) |  |  | 3,372 |  |  | 11,660 |  |
Balance, March 2023 | $ | (99,139) |  |  | $ | 2,208 |  |  | $ | 28,926 |  |  | $ | (68,005) |  |
| Three Months Ended March 2022 |
(In thousands) | Foreign Currency Translation |  | Defined Benefit Pension Plans |  | Derivative Financial Instruments |  | Total |
Balance, December 2021 | $ | (93,125) |  |  | $ | (2,177) |  |  | $ | 2,546 |  |  | $ | (92,756) |  |
Other comprehensive income (loss) due to gains (losses) arising before reclassifications | (3,615) |  |  | — |  |  | 13,814 |  |  | 10,199 |  |
Reclassifications to net income of previously deferred (gains) losses | — |  |  | 6 |  |  | (1,146) |  |  | (1,140) |  |
Net other comprehensive income (loss) | (3,615) |  |  | 6 |  |  | 12,668 |  |  | 9,059 |  |
Balance, March 2022 | $ | (96,740) |  |  | $ | (2,171) |  |  | $ | 15,214 |  |  | $ | (83,697) |  |
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 |  |
|  | 2023 |  |  | 2022 |  |  |  |  |  |
Defined benefit pension plans: |  |  |  |  |  |  |  |  |  |  |  |
Net change in deferred gains (losses) during the period |  | Selling, general and administrative expenses |  |  | $ | 46 |  |  |  | $ | (8) |  |  |  |  |  |  |
Total before tax |  |  |  |  | 46 |  |  |  | (8) |  |  |  |  |  |  |
Income taxes |  | Income taxes |  |  | (11) |  |  |  | 2 |  |  |  |  |  |  |
Net of tax |  |  |  |  | 35 |  |  |  | (6) |  |  |  |  |  |  |
Gains (losses) on derivative financial instruments: |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency exchange contracts |  | Net revenues |  |  | $ | (171) |  |  |  | $ | (132) |  |  |  |  |  |  |
Foreign currency exchange contracts |  | Cost of goods sold |  |  | 5,992 |  |  |  | 2,301 |  |  |  |  |  |  |
Foreign currency exchange contracts |  | Other expense, net |  |  | 160 |  |  |  | (103) |  |  |  |  |  |  |
Interest rate swap agreements |  | Interest expense |  |  | 2,101 |  |  |  | (1,266) |  |  |  |  |  |  |
Total before tax |  |  |  |  | 8,082 |  |  |  | 800 |  |  |  |  |  |  |
Income taxes |  | Income taxes |  |  | (1,162) |  |  |  | 346 |  |  |  |  |  |  |
Net of tax |  |  |  |  | 6,920 |  |  |  | 1,146 |  |  |  |  |  |  |
Total reclassifications for the period, net of tax |  |  | $ | 6,955 |  |  |  | $ | 1,140 |  |  |  |  |  |  |

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