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Derivative Instruments and Hedging Activities (Tables) | 9 Months Ended
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Sep. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Derivative Instrument Fair Value | The following tables summarize the fair value of the Company’s derivative financial instruments (in thousands):
|  | September 30, 2018 |  | December 31, 2017 |  | September 24, 2017
Derivatives Designated As Hedging Instruments Under ASC Topic 815 |  | Notional Value |  | Asset Fair Value(a) |  | Liability Fair Value(b) |  | Notional Value |  | Asset Fair Value(a) |  | Liability Fair Value(b) |  | Notional Value |  | Asset Fair Value(a) |  | Liability Fair Value(b)
Foreign currency contracts(c) |  | $ | 512,071 |  |  | $ | 11,687 |  |  | $ | 718 |  |  | $ | 675,724 |  |  | $ | 1,388 |  |  | $ | 21,239 |  |  | $ | 746,378 |  |  | $ | 439 |  |  | $ | 32,352 |
Commodity contracts(c) |  | 925 |  |  | 9 |  |  | — |  |  | 915 |  |  | — |  |  | 69 |  |  | 1,273 |  |  | — |  |  | 62 |
Treasury rate locks(c) |  | 50,000 |  |  | 52 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Interest rate swap - medium-term notes(c) |  | 450,000 |  |  | 550 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total |  | $ | 1,012,996 |  |  | $ | 12,298 |  |  | $ | 718 |  |  | $ | 676,639 |  |  | $ | 1,388 |  |  | $ | 21,308 |  |  | $ | 747,651 |  |  | $ | 439 |  |  | $ | 32,414 |
|  | September 30, 2018 |  | December 31, 2017 |  | September 24, 2017
Derivatives Not Designated As Hedging Instruments Under ASC Topic 815 |  | Notional Value |  | Asset Fair Value(a) |  | Liability Fair Value(b) |  | Notional Value |  | Asset Fair Value(a) |  | Liability Fair Value(b) |  | Notional Value |  | Asset Fair Value(a) |  | Liability Fair Value(b)
Commodity contracts |  | $ | 5,207 |  |  | $ | 233 |  |  | $ | 213 |  |  | $ | 4,532 |  |  | $ | 381 |  |  | $ | — |  |  | $ | 4,234 |  |  | $ | 285 |  |  | $ | — |
Total |  | $ | 5,207 |  |  | $ | 233 |  |  | $ | 213 |  |  | $ | 4,532 |  |  | $ | 381 |  |  | $ | — |  |  | $ | 4,234 |  |  | $ | 285 |  |  | $ | — |
(a) | Included in other current assets
(b) | Included in accrued liabilities
(c) | Derivative designated as a cash flow hedge
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) | The following tables summarize the amount of gains and losses related to derivative financial instruments designated as cash flow hedges (in thousands):
|  | Amount of Gain/(Loss) Recognized in OCI, before tax
|  | Three months ended |  | Nine months ended
Cash Flow Hedges |  | September 30, 2018 |  | September 24, 2017 |  | September 30, 2018 |  | September 24, 2017
Foreign currency contracts |  | $ | 4,508 |  |  | $ | (35,687 | ) |  | $ | 31,253 |  |  | $ | (59,335 | )
Commodity contracts |  | 5 |  |  | (5 | ) |  | (7 | ) |  | (191 | )
Treasury rate locks |  | 52 |  |  | — |  |  | 93 |  |  | (719 | )
Interest rate swap - medium-term notes |  | 486 |  |  | — |  |  | (400 | ) |  | — |
Total |  | $ | 5,051 |  |  | $ | (35,692 | ) |  | $ | 30,939 |  |  | $ | (60,245 | )
|  | Amount of Gain/(Loss) Reclassified from AOCL into Income |  |
|  | Three months ended |  | Nine months ended |  | Expected to be Reclassified
Cash Flow Hedges |  | September 30, 2018 |  | September 24, 2017 |  | September 30, 2018 |  | September 24, 2017 |  | Over the Next Twelve Months
Foreign currency contracts(a) |  | $ | 5,695 |  |  | $ | (7,901 | ) |  | $ | (58 | ) |  | $ | (1,428 | ) |  | $ | 14,709 |
Commodity contracts(a) |  | — |  |  | (16 | ) |  | (85 | ) |  | 49 |  |  | 21 |
Treasury rate locks(b) |  | (123 | ) |  | (126 | ) |  | (374 | ) |  | (315 | ) |  | (475 | )
Interest rate swap - medium-term notes(b) |  | (661 | ) |  | — |  |  | (950 | ) |  | — |  |  | (178 | )
Total |  | $ | 4,911 |  |  | $ | (8,043 | ) |  | $ | (1,467 | ) |  | $ | (1,694 | ) |  | $ | 14,077 |
(a) | Gain/(loss) reclassified from accumulated other comprehensive loss (AOCL) into income is included in cost of goods sold
(b) | Gain/(loss) reclassified from AOCL into income is included in interest expense
Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location | The following table summarizes the amount of gains and losses related to derivative financial instruments not designated as hedging instruments (in thousands):
|  | Amount of Gain/(Loss) Recognized in Income on Derivative
|  | Three months ended |  | Nine months ended
Derivatives Not Designated As Hedges |  | September 30, 2018 |  | September 24, 2017 |  | September 30, 2018 |  | September 24, 2017
Commodity contracts(a) |  | $ | (85 | ) |  | $ | 433 |  |  | $ | 59 |  |  | $ | 259 |
Total |  | $ | (85 | ) |  | $ | 433 |  |  | $ | 59 |  |  | $ | 259 |
(a) | Gain/(loss) recognized in income is included in cost of goods sold

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- Definition Tabular disclosure of the effective portion of gains and losses on derivative instruments (and nonderivative instruments) designated and qualifying in cash flow hedges recorded in accumulated other comprehensive income (loss) during the term of the hedging relationship and reclassified into earnings during the current period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5624171-113959 + Details
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- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5624163-113959 + Details
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