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Recent Accounting Pronouncements (Tables)

12 Months Ended

Dec. 29, 2018

Revisions to Applicable Consolidated Statements of Cash Flows Line Item to Correct the Errors

The tables below present the revisions to the applicable Consolidated Statements of Cash Flows line item to correct the errors for all periods presented (amounts in thousands):

		Fiscal 2016
Impacted Consolidated Cash Flow Statement line item		As Previously Reported				Revisions				New Guidance(1)				As Revised
Other reconciling items to net income		$	(3,957	)		$	—			$	3,851			$	(106	)
Other assets		$	(11,107	)		$	7,666			$	—			$	(3,441	)
Other accrued liabilities		$	12,389			$	(999	)		$	—			$	11,390
Net cash provided by operating activities		$	346,044			$	6,667			$	3,851			$	356,562
Repurchase of independent distributor territories		$	(10,350	)		$	1,479			$	—			$	(8,871	)
Cash paid at issuance of notes receivable		$	—			$	(8,577	)		$	—			$	(8,577	)
Other investing activities		$	2,091			$	431			$	—			$	2,522
Net cash disbursed for investing activities		$	(70,047	)		$	(6,667	)		$	—			$	(76,714	)

(1) The table above includes the impact of adopting new share-based payment guidance discussed in Note 3, Recent Accounting Pronouncements.

Summary of Reclassification of Tax Effects to Retained Earnings from AOCI

The table below presents the impact of this reclassification on December 31, 2017 (amounts in thousands):

		Impacted Line Item (Dr (Cr))
		Retained Earnings				AOCI
Pension and postretirement plans		$	(17,097	)		$	17,097
Hedged financial instruments			(1,709	)			1,709
Total reclassifications of stranded income tax effects to retained earnings from    AOCI		$	(18,806	)		$	18,806

Accounting Standards Update 2017-07

Revisions to Applicable Consolidated Statements of Cash Flows Line Item to Correct the Errors

The impact (including defined benefit and postretirement plans) for fiscal 2017 and fiscal 2016 is presented in the table below (amounts in thousands):

		Fiscal 2017
		As reported				Post-adoption*
Materials, supplies, labor and other production costs (exclusive of depreciation and    amortization shown separately)		$	2,009,063			$	2,009,473
Selling, distribution and administrative expenses		$	1,503,867			$	1,510,015
Income from operations		$	162,912			$	161,003
Other components of net periodic pension and postretirement benefits credit		$	—			$	(6,558	)
		Fiscal 2016
		As reported				Post-adoption*
Materials, supplies, labor and other production costs (exclusive of depreciation    and amortization shown separately)		$	2,026,367			$	2,026,859
Selling, distribution and administrative expenses		$	1,464,236			$	1,469,382
Income from operations		$	263,890			$	264,898
Other components of net periodic pension and postretirement benefits credit		$	—			$	(5,638	)

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