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Accumulated Other Comprehensive Loss (Tables) | 9 Months Ended
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Sep. 26, 2021
Equity [Abstract] |
Schedule of Accumulated Other Comprehensive Loss | Changes in Accumulated other comprehensive loss were as follows (in thousands):
| Three months ended September 26, 2021
| Foreign currency translation adjustments |  |  |  | Derivative financial instruments |  | Pension and postretirement benefit plans |  | Total
Balance, beginning of period | $ | (23,512) |  |  |  |  | $ | (29,088) |  |  | $ | (402,537) |  |  | $ | (455,137) |
Other comprehensive loss, before reclassifications | (18,296) |  |  |  |  | (31,698) |  |  | — |  |  | (49,994) |
Income tax benefit | 460 |  |  |  |  | 6,928 |  |  | — |  |  | 7,388 |
| (17,836) |  |  |  |  | (24,770) |  |  | — |  |  | (42,606) |
Reclassifications: |  |  |  |  |  |  |  |  |
Net losses on derivative financial instruments | — |  |  |  |  | 37,166 |  |  | — |  |  | 37,166 |
Prior service credits(a) | — |  |  |  |  | — |  |  | (893) |  |  | (893) |
Actuarial losses(a) | — |  |  |  |  | — |  |  | 18,650 |  |  | 18,650 |
Reclassifications before tax | — |  |  |  |  | 37,166 |  |  | 17,757 |  |  | 54,923 |
Income tax expense | — |  |  |  |  | (8,126) |  |  | (4,169) |  |  | (12,295) |
| — |  |  |  |  | 29,040 |  |  | 13,588 |  |  | 42,628 |
Other comprehensive (loss) income | (17,836) |  |  |  |  | 4,270 |  |  | 13,588 |  |  | 22 |
Balance, end of period | $ | (41,348) |  |  |  |  | $ | (24,818) |  |  | $ | (388,949) |  |  | $ | (455,115) |
| Three months ended September 27, 2020
| Foreign currency translation adjustments |  |  |  | Derivative financial instruments |  | Pension and postretirement benefit plans |  | Total
Balance, beginning of period | $ | (53,825) |  |  |  |  | $ | (40,740) |  |  | $ | (457,633) |  |  | $ | (552,198) |
Other comprehensive income, before reclassifications | 13,331 |  |  |  |  | 55,732 |  |  | — |  |  | 69,063 |
Income tax expense | (594) |  |  |  |  | (12,299) |  |  | — |  |  | (12,893) |
| 12,737 |  |  |  |  | 43,433 |  |  | — |  |  | 56,170 |
Reclassifications: |  |  |  |  |  |  |  |  |
Net gains on derivative financial instruments | — |  |  |  |  | (58,585) |  |  | — |  |  | (58,585) |
Prior service credits(a) | — |  |  |  |  | — |  |  | (867) |  |  | (867) |
Actuarial losses(a) | — |  |  |  |  | — |  |  | 16,495 |  |  | 16,495 |
Reclassifications before tax | — |  |  |  |  | (58,585) |  |  | 15,628 |  |  | (42,957) |
Income tax benefit (expense) | — |  |  |  |  | 13,051 |  |  | (3,669) |  |  | 9,382 |
| — |  |  |  |  | (45,534) |  |  | 11,959 |  |  | (33,575) |
Other comprehensive income (loss) | 12,737 |  |  |  |  | (2,101) |  |  | 11,959 |  |  | 22,595 |
Balance, end of period | $ | (41,088) |  |  |  |  | $ | (42,841) |  |  | $ | (445,674) |  |  | $ | (529,603) |
| Nine months ended September 26, 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 | (33,648) |  |  |  |  | (68,861) |  |  | — |  |  | (102,509) |
Income tax (expense) benefit | (111) |  |  |  |  | 15,026 |  |  | — |  |  | 14,915 |
| (33,759) |  |  |  |  | (53,835) |  |  | — |  |  | (87,594) |
Reclassifications: |  |  |  |  |  |  |  |  |
Net losses on derivative financial instruments | — |  |  |  |  | 96,854 |  |  | — |  |  | 96,854 |
Prior service credits(a) | — |  |  |  |  | — |  |  | (2,679) |  |  | (2,679) |
Actuarial losses(a) | — |  |  |  |  | — |  |  | 55,950 |  |  | 55,950 |
Reclassifications before tax | — |  |  |  |  | 96,854 |  |  | 53,271 |  |  | 150,125 |
Income tax expense | — |  |  |  |  | (21,721) |  |  | (12,508) |  |  | (34,229) |
| — |  |  |  |  | 75,133 |  |  | 40,763 |  |  | 115,896 |
Other comprehensive (loss) income | (33,759) |  |  |  |  | 21,298 |  |  | 40,763 |  |  | 28,302 |
Balance, end of period | $ | (41,348) |  |  |  |  | $ | (24,818) |  |  | $ | (388,949) |  |  | $ | (455,115) |
| Nine months ended September 27, 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) income, before reclassifications | (434) |  |  |  |  | 47,889 |  |  | — |  |  | 47,455 |
Income tax benefit (expense) | 159 |  |  |  |  | (10,718) |  |  | — |  |  | (10,559) |
| (275) |  |  |  |  | 37,171 |  |  | — |  |  | 36,896 |
Reclassifications: |  |  |  |  |  |  |  |  |
Net gains on derivative financial instruments | — |  |  |  |  | (84,295) |  |  | — |  |  | (84,295) |
Prior service credits(a) | — |  |  |  |  | — |  |  | (2,601) |  |  | (2,601) |
Actuarial losses(a) | — |  |  |  |  | — |  |  | 49,485 |  |  | 49,485 |
Reclassifications before tax | — |  |  |  |  | (84,295) |  |  | 46,884 |  |  | (37,411) |
Income tax benefit (expense) | — |  |  |  |  | 18,869 |  |  | (11,008) |  |  | 7,861 |
| — |  |  |  |  | (65,426) |  |  | 35,876 |  |  | (29,550) |
Other comprehensive (loss) income | (275) |  |  |  |  | (28,255) |  |  | 35,876 |  |  | 7,346 |
Balance, end of period | $ | (41,088) |  |  |  |  | $ | (42,841) |  |  | $ | (445,674) |  |  | $ | (529,603) |
(a)Amounts reclassified are included in the computation of net periodic benefit cost, discussed further in Note 15

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