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Accumulated Other Comprehensive Loss (Tables) | 3 Months Ended
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Mar. 28, 2021
Equity [Abstract] |
Schedule of Accumulated Other Comprehensive Loss | Changes in Accumulated other comprehensive loss were as follows (in thousands):
| Three months ended March 28, 2021
| Foreign currency translation adjustments |  |  |  | Derivative financial instruments |  | Pension and postretirement benefit plans |  | Total
Balance, beginning of period | $ | (7,589) |  |  |  |  | $ | (46,116) |  |  | $ | (429,712) |  |  | $ | (483,417) |
Other comprehensive loss, before reclassifications | (17,074) |  |  |  |  | (50,737) |  |  | — |  |  | (67,811) |
Income tax (expense) benefit | (264) |  |  |  |  | 11,092 |  |  | — |  |  | 10,828 |
| (17,338) |  |  |  |  | (39,645) |  |  | — |  |  | (56,983) |
Reclassifications: |  |  |  |  |  |  |  |  |
Net loss on derivative financial instruments | — |  |  |  |  | 73,586 |  |  | — |  |  | 73,586 |
Prior service credits(a) | — |  |  |  |  | — |  |  | (893) |  |  | (893) |
Actuarial losses(a) | — |  |  |  |  | — |  |  | 18,650 |  |  | 18,650 |
Reclassifications before tax | — |  |  |  |  | 73,586 |  |  | 17,757 |  |  | 91,343 |
Income tax expense | — |  |  |  |  | (16,411) |  |  | (4,169) |  |  | (20,580) |
| — |  |  |  |  | 57,175 |  |  | 13,588 |  |  | 70,763 |
Other comprehensive (loss) income | (17,338) |  |  |  |  | 17,530 |  |  | 13,588 |  |  | 13,780 |
Balance, end of period | $ | (24,927) |  |  |  |  | $ | (28,586) |  |  | $ | (416,124) |  |  | $ | (469,637) |
| Three months ended March 29, 2020
| Foreign currency translation adjustments |  |  |  | Derivative financial instruments |  | Pension and postretirement benefit plans |  | Total
Balance, beginning of period | $ | (40,813) |  |  |  |  | $ | (14,586) |  |  | $ | (481,550) |  |  | $ | (536,949) |
Other comprehensive loss, before reclassifications | (35,821) |  |  |  |  | (38,172) |  |  | — |  |  | (73,993) |
Income tax benefit | 1,366 |  |  |  |  | 8,267 |  |  | — |  |  | 9,633 |
| (34,455) |  |  |  |  | (29,905) |  |  | — |  |  | (64,360) |
Reclassifications: |  |  |  |  |  |  |  |  |
Net loss on derivative financial instruments | — |  |  |  |  | 12,881 |  |  | — |  |  | 12,881 |
Prior service credits(a) | — |  |  |  |  | — |  |  | (867) |  |  | (867) |
Actuarial losses(a) | — |  |  |  |  | — |  |  | 16,495 |  |  | 16,495 |
Reclassifications before tax | — |  |  |  |  | 12,881 |  |  | 15,628 |  |  | 28,509 |
Income tax expense | — |  |  |  |  | (2,821) |  |  | (3,669) |  |  | (6,490) |
| — |  |  |  |  | 10,060 |  |  | 11,959 |  |  | 22,019 |
Other comprehensive (loss) income | (34,455) |  |  |  |  | (19,845) |  |  | 11,959 |  |  | (42,341) |
Balance, end of period | $ | (75,268) |  |  |  |  | $ | (34,431) |  |  | $ | (469,591) |  |  | $ | (579,290) |
(a) Amounts reclassified are included in the computation of net periodic benefit cost, discussed further in Note 15

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