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Comprehensive Income (Loss)
 9 Months Ended
Oct. 05, 2013
Comprehensive Income (Loss)

3. COMPREHENSIVE INCOME (LOSS)

The company’s total comprehensive income presently consists of net income, adjustments for our derivative financial instruments accounted for as cash flow hedges, and various pension and other postretirement benefit related items.

During the forty weeks ended October 5, 2013, reclassifications out of accumulated other comprehensive loss were as follows (amounts in thousands):

 

    Amount reclassified from Accumulated Other Comprehensive Loss      

Details about accumulated other
comprehensive income
components (Note 2)

   For the Twelve Weeks Ended
October 5, 2013		     For the Forty Weeks Ended
October 5, 2013		    

Affected Line Item in the Statement

Where Net Income is Presented

Gains and losses on cash flow hedges:

      

Interest rate contracts

   $ (21 )    $ (817 )   

Interest income (expense)

Commodity contracts

     (9,582 )      (21,622 )   

Cost of sales, Note 3
 

 

 

    

 

 

    

Total before tax

   $ (9,603 )    $ (22,439 )   

Total before tax

Tax (expense) or benefit

     3,697        8,639     

Tax (expense) or benefit
 

 

 

    

 

 

    

Total net of tax

   $ (5,906 )    $ (13,800 )   

Net of tax
 

 

 

    

 

 

    

Amortization of defined benefit pension items:

      

Prior-service credits

   $ 60      $ 199     

Note 1, below

Actuarial losses

     (1,241 )      (4,137 )   

Note 1, below
 

 

 

    

 

 

    

Total before tax

   $ (1,181 )    $ (3,938 )   

Total before tax

Tax (expense) or benefit

     454        1,516     

Tax (expense) or benefit
 

 

 

    

 

 

    

Total net of tax

   $ (727 )    $ (2,422 )   

Net of tax benefit
 

 

 

    

 

 

    

Total reclassifications

   $ (6,633 )    $ (16,222 )   

Net of tax benefit
 

 

 

    

 

 

    

 

Note 1:      These items are included in the computation of net periodic pension cost. See Note 13, Postretirement Plans, for additional information.
Note 2:      Amounts in parentheses indicate debits to determine net income.
Note 3:      Amounts are presented as an adjustment to reconcile net income to net cash provided by operating activities on the Condensed Consolidated Statements of Cash Flows.

During the forty weeks ended October 5, 2013, changes to accumulated other comprehensive loss, net of income tax, by component were as follows (amounts in thousands):

 

    Gains/Losses on
Cash Flow Hedges		     Defined Benefit
Pension Plan
Items		     Total  

Accumulated other comprehensive loss, December 29, 2012

   $ (4,100 )    $ (110,567 )    $ (114,667 ) 

Other comprehensive income before reclassifications

     (17,124 )      —         (17,124 ) 

Reclassified to earnings from accumulated other comprehensive income

     13,800        2,422        16,222   
 

 

 

    

 

 

    

 

 

  

Accumulated other comprehensive loss, October 5, 2013

   $ (7,424 )    $ (108,145 )    $ (115,569 )