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Accumulated Other Comprehensive Loss | 6 Months Ended
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Jul. 03, 2021
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] |
Accumulated Other Comprehensive Loss | Accumulated Other Comprehensive Loss The components of accumulated other comprehensive loss (“AOCI”) are as follows:
| Cumulative Translation Adjustment(1) |  | Cash Flow Hedges |  | Defined Benefit Plans |  | Income Taxes |  | Accumulated Other Comprehensive Loss
Balance at April 3, 2021 | $ | (78,021) |  |  | $ | (12,822) |  |  | $ | (659,946) |  |  | $ | 173,904 |  |  | $ | (576,885) |
Amounts reclassified from accumulated other comprehensive loss | — |  |  | 4,671 |  |  | 6,022 |  |  | (2,993) |  |  | 7,700 |
Current-period other comprehensive income (loss) activity | (11,231) |  |  | (675) |  |  | (124) |  |  | 287 |  |  | (11,743) |
Total other comprehensive income (loss) | (11,231) |  |  | 3,996 |  |  | 5,898 |  |  | (2,706) |  |  | (4,043) |
Balance at July 3, 2021 | $ | (89,252) |  |  | $ | (8,826) |  |  | $ | (654,048) |  |  | $ | 171,198 |  |  | $ | (580,928) |
| Cumulative Translation Adjustment(1) |  | Cash Flow Hedges |  | Defined Benefit Plans |  | Income Taxes |  | Accumulated Other Comprehensive Loss
Balance at January 2, 2021 | $ | (52,820) |  |  | $ | (26,538) |  |  | $ | (668,730) |  |  | $ | 181,129 |  |  | $ | (566,959) |
Amounts reclassified from accumulated other comprehensive loss | — |  |  | 9,913 |  |  | 13,107 |  |  | (5,997) |  |  | 17,023 |
Current-period other comprehensive income (loss) activity | (36,432) |  |  | 7,799 |  |  | 1,575 |  |  | (3,934) |  |  | (30,992) |
Total other comprehensive income (loss) | (36,432) |  |  | 17,712 |  |  | 14,682 |  |  | (9,931) |  |  | (13,969) |
Balance at July 3, 2021 | $ | (89,252) |  |  | $ | (8,826) |  |  | $ | (654,048) |  |  | $ | 171,198 |  |  | $ | (580,928) |
(1)Cumulative Translation Adjustment includes translation adjustments and net investment hedges. See Note, “Financial Instruments and Risk Management” for additional disclosures about net investment hedges.
| Cumulative Translation Adjustment(1) |  | Cash Flow Hedges |  | Defined Benefit Plans |  | Income Taxes |  | Accumulated Other Comprehensive Loss
Balance at March 28, 2020 | $ | (274,292) |  |  | $ | 19,849 |  |  | $ | (624,494) |  |  | $ | 155,512 |  |  | $ | (723,425) |
Amounts reclassified from accumulated other comprehensive loss | — |  |  | (3,157) |  |  | 5,423 |  |  | (416) |  |  | 1,850 |
Current-period other comprehensive income (loss) activity | 95,033 |  |  | (7,051) |  |  | (69) |  |  | 2,653 |  |  | 90,566 |
Total other comprehensive income (loss) | 95,033 |  |  | (10,208) |  |  | 5,354 |  |  | 2,237 |  |  | 92,416 |
Balance at June 27, 2020 | $ | (179,259) |  |  | $ | 9,641 |  |  | $ | (619,140) |  |  | $ | 157,749 |  |  | $ | (631,009) |
| Cumulative Translation Adjustment(1) |  | Cash Flow Hedges |  | Defined Benefit Plans |  | Income Taxes |  | Accumulated Other Comprehensive Loss
Balance at December 28, 2019 | $ | (157,138) |  |  | $ | 4,786 |  |  | $ | (629,360) |  |  | $ | 164,064 |  |  | $ | (617,648) |
Amounts reclassified from accumulated other comprehensive loss | — |  |  | (8,174) |  |  | 10,289 |  |  | (416) |  |  | 1,699 |
Current-period other comprehensive income (loss) activity | (22,121) |  |  | 13,029 |  |  | (69) |  |  | (5,899) |  |  | (15,060) |
Total other comprehensive income (loss) | (22,121) |  |  | 4,855 |  |  | 10,220 |  |  | (6,315) |  |  | (13,361) |
Balance at June 27, 2020 | $ | (179,259) |  |  | $ | 9,641 |  |  | $ | (619,140) |  |  | $ | 157,749 |  |  | $ | (631,009) |
(1)Cumulative Translation Adjustment includes translation adjustments and net investment hedges. See Note, “Financial Instruments and Risk Management” for additional disclosures about net investment hedges. The Company had the following reclassifications out of AOCI:
Component of AOCI |  | Location of Reclassification into Income |  | Amount of Reclassification from AOCI
| Quarters Ended |  | Six Months Ended
| July 3, 2021 |  | June 27, 2020 |  | July 3, 2021 |  | June 27, 2020
Gain (loss) on forward foreign exchange contracts designated as cash flow hedges |  | Cost of sales |  | $ | (5,278) |  |  | $ | 1,758 |  |  | $ | (9,655) |  |  | $ | 4,627 |
|  | Income tax |  | 1,444 |  |  | (483) |  |  | 2,652 |  |  | (1,245) |
|  | Income (loss) from discontinued operations, net of tax |  | (1,278) |  |  | 1,080 |  |  | (1,522) |  |  | 2,718 |
|  | Net of tax |  | (5,112) |  |  | 2,355 |  |  | (8,525) |  |  | 6,100 |
Gain (loss) on cross-currency swap contracts designated as cash flow hedges |  | Selling, general and administrative expenses |  | 3,168 |  |  | — |  |  | 2,611 |  |  | — |
|  | Interest expense, net |  | (1,018) |  |  | — |  |  | (1,018) |  |  | — |
|  | Income tax |  | (312) |  |  | — |  |  | (223) |  |  | — |
|  | Net of tax |  | 1,838 |  |  | — |  |  | 1,370 |  |  | — |
Amortization of deferred actuarial loss and prior service cost |  | Other expenses |  | (6,081) |  |  | (5,466) |  |  | (13,788) |  |  | (8,228) |
|  | Income tax |  | 1,596 |  |  | 1,261 |  |  | 3,342 |  |  | 2,494 |
|  | Income (loss) from discontinued operations, net of tax |  | 59 |  |  | — |  |  | 578 |  |  | (2,065) |
|  | Net of tax |  | (4,426) |  |  | (4,205) |  |  | (9,868) |  |  | (7,799) |
Total reclassifications |  |  |  | $ | (7,700) |  |  | $ | (1,850) |  |  | $ | (17,023) |  |  | $ | (1,699) |

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -URI http://asc.fasb.org/topic&trid=2134417 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263 + Details
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