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Accumulated Other Comprehensive Income (Loss) (Tables)
 12 Months Ended
Dec. 28, 2013
Summary of Reclassifications Out of Accumulated Other Comprehensive Loss

During fiscal 2013, reclassifications out of accumulated other comprehensive loss were as follows (amounts in thousands):

 

Details about Accumulated
Other Comprehensive Income Components (Note  2)

    Amount Reclassified from Accumulated
Other Comprehensive Loss		    

Affected Line Item in the Statement

Where Net Income is Presented
   Fiscal 2013     Fiscal 2012     Fiscal 2011    

Gains and losses on cash flow hedges:

         

Interest rate contracts

    $ (816 )    $ (2,816 )    $ (3,952 )    Interest income (expense)

Commodity contracts

      (27,055 )      (17,272 )      38,038      Cost of sales, Note 3
  

 

 

    

 

 

    

 

 

    

Total before tax

    $ (27,871 )    $ (20,088 )    $ 34,086      Total before tax

Tax (expense) or benefit

      10,730        7,734        (13,124 )    Tax (expense) or benefit
  

 

 

    

 

 

    

 

 

    

Total net of tax

    $ (17,141 )    $ (12,354 )    $ 20,962      Net of tax
  

 

 

    

 

 

    

 

 

    

Amortization of defined benefit pension items:

         

Prior-service credits

    $ 257      $ 257      $ 257      Note 1, below

Actuarial losses

      (5,378 )      (4,786 )      (2,849 )    Note 1, below
  

 

 

    

 

 

    

 

 

    

Total before tax

    $ (5,121 )    $ (4,529 )    $ (2,592 )    Total before tax

Tax (expense) or benefit

      1,972        1,743        1,000      Tax (expense) or benefit
  

 

 

    

 

 

    

 

 

    

Total net of tax

    $ (3,149 )    $ (2,786 )    $ (1,592 )    Net of tax benefit
  

 

 

    

 

 

    

 

 

    

Total reclassifications

    $ (20,290 )    $ (15,140 )    $ 19,370      Net of tax benefit
  

 

 

    

 

 

    

 

 

    

 

Note 1:

   These items are included in the computation of net periodic pension cost. See Note 18, 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 Consolidated Statements of Cash Flows.
Changes to Accumulated Other Comprehensive Loss, Net of Income Tax

During fiscal 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

      (24,457 )      56,319       31,862   

Reclassified to earnings from accumulated other comprehensive income

      17,141        3,149        20,290   
  

 

 

    

 

 

    

 

 

  

Accumulated other comprehensive loss, December 28, 2013

    $ (11,416 )    $ (51,099 )    $ (62,515 ) 
  

 

 

    

 

 

    

 

 

  
Gain or Loss Reclassified From Accumulated Other Comprehensive Income for Commodity Contracts

The following table presents the net of tax amount of the gain or loss reclassified from accumulated other comprehensive income (“AOCI”) for our commodity contracts (amounts in thousands):

 

     Fiscal
2013		     Fiscal
2012		     Fiscal
2011		  
     (Amounts in thousands)  

Gross (gain) loss reclassified from AOCI into income

    $ 27,055      $ 17,272      $ (38,038 ) 

Tax (benefit) expense

      (10,416 )      (6,650 )      14,645   
  

 

 

    

 

 

    

 

 

  

Net of tax

    $ 16,639      $ 10,622      $ (23,393 )