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ACCUMULATED OTHER COMPREHENSIVE LOSS
 3 Months Ended
Apr. 01, 2023
Equity [Abstract]  
ACCUMULATED OTHER COMPREHENSIVE LOSS ACCUMULATED OTHER COMPREHENSIVE LOSS
The following table presents deferred components of AOCL in equity, net of related taxes:
(In thousands)March 2023December 2022March 2022
Foreign currency translation$(99,139)$(107,462)$(96,740)
Defined benefit pension plans2,208 2,243 (2,171)
Derivative financial instruments28,926 25,554 15,214 
Accumulated other comprehensive loss$(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 TranslationDefined Benefit Pension PlansDerivative Financial InstrumentsTotal
Balance, December 2022$(107,462)$2,243 $25,554 $(79,665)
Other comprehensive income (loss) due to gains (losses) arising before reclassifications8,323 — 10,292 18,615 
Reclassifications to net income of previously deferred (gains) losses— (35)(6,920)(6,955)
Net other comprehensive income (loss)8,323 (35)3,372 11,660 
Balance, March 2023$(99,139)$2,208 $28,926 $(68,005)
Three Months Ended March 2022
(In thousands)Foreign Currency TranslationDefined Benefit Pension PlansDerivative Financial InstrumentsTotal
Balance, December 2021$(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)
The following table presents reclassifications out of AOCL:
(In thousands)Three Months Ended March
Details About Accumulated Other Comprehensive Loss ReclassificationsAffected Line Item in the Financial Statements
20232022
Defined benefit pension plans:
Net change in deferred gains (losses) during the periodSelling, general and administrative expenses$46 $(8)
Total before tax46 (8)
Income taxesIncome taxes(11)2 
Net of tax35 (6)
Gains (losses) on derivative financial instruments:
Foreign currency exchange contractsNet revenues$(171)$(132)
Foreign currency exchange contractsCost of goods sold5,992 2,301 
Foreign currency exchange contractsOther expense, net160 (103)
Interest rate swap agreementsInterest expense2,101 (1,266)
Total before tax8,082 800 
Income taxesIncome taxes(1,162)346 
Net of tax6,920 1,146 
Total reclassifications for the period, net of tax$6,955 $1,140