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Accumulated Other Comprehensive Loss (Tables)
6 Months Ended
Jul. 03, 2021
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Schedule of Accumulated Other Comprehensive Loss
The components of accumulated other comprehensive loss (“AOCI”) are as follows:
Cumulative Translation Adjustment(1)
Cash Flow HedgesDefined Benefit PlansIncome TaxesAccumulated 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 $(580,928)
Cumulative Translation Adjustment(1)
Cash Flow HedgesDefined Benefit PlansIncome TaxesAccumulated Other Comprehensive Loss
Balance at January 2, 2021$(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 $(580,928)
(1)Cumulative Translation Adjustment includes translation adjustments and net investment hedges. See Note, “Financial Instruments and Risk Management” for additional disclosures about net investment hedges.
Cumulative Translation Adjustment(1)
Cash Flow HedgesDefined Benefit PlansIncome TaxesAccumulated Other Comprehensive Loss
Balance at March 28, 2020$(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 HedgesDefined Benefit PlansIncome TaxesAccumulated 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 $(631,009)
(1)Cumulative Translation Adjustment includes translation adjustments and net investment hedges. See Note, “Financial Instruments and Risk Management” for additional disclosures about net investment hedges.
Schedule of Reclassifications out of Accumulated Other Comprehensive Loss
The Company had the following reclassifications out of AOCI:
Component of AOCI Location of Reclassification into IncomeAmount of Reclassification from AOCI
Quarters EndedSix Months Ended
July 3,
2021
June 27,
2020
July 3,
2021
June 27,
2020
Gain (loss) on forward foreign exchange contracts designated as cash flow hedgesCost of sales$(5,278)$1,758 $(9,655)$4,627 
Income tax1,444 (483)2,652 (1,245)
Income (loss) from discontinued operations, net of tax(1,278)1,080 (1,522)2,718 
Net of tax(5,112)2,355 (8,525)6,100 
Gain (loss) on cross-currency swap contracts designated as cash flow hedgesSelling, general and administrative expenses3,168 — 2,611 — 
Interest expense, net(1,018)— (1,018)— 
Income tax(312)— (223)— 
Net of tax1,838 — 1,370 — 
Amortization of deferred actuarial loss and prior service costOther expenses(6,081)(5,466)(13,788)(8,228)
Income tax1,596 1,261 3,342 2,494 
Income (loss) from discontinued operations, net of tax59 — 578 (2,065)
Net of tax(4,426)(4,205)(9,868)(7,799)
Total reclassifications$(7,700)$(1,850)$(17,023)$(1,699)