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Accumulated Other Comprehensive Loss (Tables) | 9 Months Ended
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Sep. 25, 2022
Equity [Abstract] |
Schedule of Accumulated Other Comprehensive Loss | Changes in Accumulated other comprehensive loss were as follows (in thousands):
| Three months ended September 25, 2022
| Foreign currency translation adjustments |  |  |  | Derivative financial instruments |  | Pension and postretirement benefit plans |  | Total
Balance, beginning of period | $ | (79,543) |  |  |  |  | $ | 20,775 |  |  | $ | (183,508) |  |  | $ | (242,276) |
Other comprehensive loss, before reclassifications | (47,333) |  |  |  |  | (68,167) |  |  | — |  |  | (115,500) |
Income tax benefit | 1,088 |  |  |  |  | 14,803 |  |  | — |  |  | 15,891 |
| (46,245) |  |  |  |  | (53,364) |  |  | — |  |  | (99,609) |
Reclassifications: |  |  |  |  |  |  |  |  |
Net loss on derivative financial instruments | — |  |  |  |  | 79,852 |  |  | — |  |  | 79,852 |
Prior service credits(a) | — |  |  |  |  | — |  |  | (909) |  |  | (909) |
Actuarial losses(a) | — |  |  |  |  | — |  |  | 8,100 |  |  | 8,100 |
Reclassifications before tax | — |  |  |  |  | 79,852 |  |  | 7,191 |  |  | 87,043 |
Income tax expense | — |  |  |  |  | (17,457) |  |  | (1,688) |  |  | (19,145) |
| — |  |  |  |  | 62,395 |  |  | 5,503 |  |  | 67,898 |
Other comprehensive (loss) income | (46,245) |  |  |  |  | 9,031 |  |  | 5,503 |  |  | (31,711) |
Balance, end of period | $ | (125,788) |  |  |  |  | $ | 29,806 |  |  | $ | (178,005) |  |  | $ | (273,987) |
| 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 loss 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) |
| Nine months ended September 25, 2022
| Foreign currency translation adjustments |  |  |  | Derivative financial instruments |  | Pension and postretirement benefit plans |  | Total
Balance, beginning of period | $ | (44,401) |  |  |  |  | $ | (2,005) |  |  | $ | (194,513) |  |  | $ | (240,919) |
Other comprehensive loss, before reclassifications | (82,737) |  |  |  |  | (129,306) |  |  | — |  |  | (212,043) |
Income tax benefit | 1,350 |  |  |  |  | 28,025 |  |  | — |  |  | 29,375 |
| (81,387) |  |  |  |  | (101,281) |  |  | — |  |  | (182,668) |
Reclassifications: |  |  |  |  |  |  |  |  |
Net loss on derivative financial instruments | — |  |  |  |  | 170,601 |  |  | — |  |  | 170,601 |
Prior service credits(a) | — |  |  |  |  | — |  |  | (2,727) |  |  | (2,727) |
Actuarial losses(a) | — |  |  |  |  | — |  |  | 24,300 |  |  | 24,300 |
Reclassifications before tax | — |  |  |  |  | 170,601 |  |  | 21,573 |  |  | 192,174 |
Income tax expense | — |  |  |  |  | (37,509) |  |  | (5,065) |  |  | (42,574) |
| — |  |  |  |  | 133,092 |  |  | 16,508 |  |  | 149,600 |
Other comprehensive (loss) income | (81,387) |  |  |  |  | 31,811 |  |  | 16,508 |  |  | (33,068) |
Balance, end of period | $ | (125,788) |  |  |  |  | $ | 29,806 |  |  | $ | (178,005) |  |  | $ | (273,987) |
| 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 loss 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) |
(a)Amounts reclassified are included in the computation of net periodic benefit (income) cost, discussed further in Note 15

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