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Accumulated Other Comprehensive Loss (Tables) | 6 Months Ended
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Jun. 29, 2024
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 Hedges |  | Defined Benefit Plans |  | Income Taxes |  | Accumulated Other Comprehensive Loss
Balance at March 30, 2024 | $ | (271,502) |  |  | $ | 5,168 |  |  | $ | (415,824) |  |  | $ | 146,285 |  |  | $ | (535,873) |
Amounts reclassified from accumulated other comprehensive loss | — |  |  | (2,525) |  |  | 5,459 |  |  | 94 |  |  | 3,028 |
Current-period other comprehensive income activity | 9,839 |  |  | 3,138 |  |  | 47 |  |  | 230 |  |  | 13,254 |
Total other comprehensive income | 9,839 |  |  | 613 |  |  | 5,506 |  |  | 324 |  |  | 16,282 |
Balance at June 29, 2024 | $ | (261,663) |  |  | $ | 5,781 |  |  | $ | (410,318) |  |  | $ | 146,609 |  |  | $ | (519,591) |
| Cumulative Translation Adjustment(1) |  | Cash Flow Hedges |  | Defined Benefit Plans |  | Income Taxes |  | Accumulated Other Comprehensive Loss
Balance at December 30, 2023 | $ | (213,482) |  |  | $ | (5,967) |  |  | $ | (419,835) |  |  | $ | 146,973 |  |  | $ | (492,311) |
Amounts reclassified from accumulated other comprehensive loss | — |  |  | (7,164) |  |  | 9,388 |  |  | 1,126 |  |  | 3,350 |
Current-period other comprehensive income (loss) activity | (48,181) |  |  | 18,912 |  |  | 129 |  |  | (1,490) |  |  | (30,630) |
Total other comprehensive income (loss) | (48,181) |  |  | 11,748 |  |  | 9,517 |  |  | (364) |  |  | (27,280) |
Balance at June 29, 2024 | $ | (261,663) |  |  | $ | 5,781 |  |  | $ | (410,318) |  |  | $ | 146,609 |  |  | $ | (519,591) |
(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 April 1, 2023 | $ | (237,859) |  |  | $ | (13,876) |  |  | $ | (433,288) |  |  | $ | 146,501 |  |  | $ | (538,522) |
Amounts reclassified from accumulated other comprehensive loss | — |  |  | (1,095) |  |  | 4,077 |  |  | 43 |  |  | 3,025 |
Current-period other comprehensive income (loss) activity | 1,187 |  |  | 20,576 |  |  | (16) |  |  | (425) |  |  | 21,322 |
Total other comprehensive income (loss) | 1,187 |  |  | 19,481 |  |  | 4,061 |  |  | (382) |  |  | 24,347 |
Balance at July 1, 2023 | $ | (236,672) |  |  | $ | 5,605 |  |  | $ | (429,227) |  |  | $ | 146,119 |  |  | $ | (514,175) |
| Cumulative Translation Adjustment(1) |  | Cash Flow Hedges |  | Defined Benefit Plans |  | Income Taxes |  | Accumulated Other Comprehensive Loss
Balance at December 31, 2022 | $ | (228,803) |  |  | $ | 8,709 |  |  | $ | (437,353) |  |  | $ | 145,439 |  |  | $ | (512,008) |
Amounts reclassified from accumulated other comprehensive loss | — |  |  | (6,069) |  |  | 8,154 |  |  | 1,286 |  |  | 3,371 |
Current-period other comprehensive income (loss) activity | (7,869) |  |  | 2,965 |  |  | (28) |  |  | (606) |  |  | (5,538) |
Total other comprehensive income (loss) | (7,869) |  |  | (3,104) |  |  | 8,126 |  |  | 680 |  |  | (2,167) |
Balance at July 1, 2023 | $ | (236,672) |  |  | $ | 5,605 |  |  | $ | (429,227) |  |  | $ | 146,119 |  |  | $ | (514,175) |
(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 from AOCI |  | Amount of Reclassification from AOCI into Net Income (Loss)
| Quarters Ended |  | Six Months Ended
| June 29, 2024 |  | July 1, 2023 |  | June 29, 2024 |  | July 1, 2023
Gain (loss) on forward foreign exchange contracts designated as cash flow hedges |  | Cost of sales |  | $ | 381 |  |  | $ | 129 |  |  | $ | 1,970 |  |  | $ | 4,001 |
|  | Income tax |  | (72) |  |  | (88) |  |  | (600) |  |  | (1,353) |
|  | Income (loss) from discontinued operations, net of tax |  | 50 |  |  | (287) |  |  | 738 |  |  | (607) |
|  | Net of tax |  | 359 |  |  | (246) |  |  | 2,108 |  |  | 2,041 |
Gain on interest rate contracts designated as cash flow hedges |  | Interest expense, net |  | 2,062 |  |  | 1,297 |  |  | 4,158 |  |  | 1,307 |
|  | Income tax |  | — |  |  | — |  |  | — |  |  | — |
|  | Net of tax |  | 2,062 |  |  | 1,297 |  |  | 4,158 |  |  | 1,307 |
Gain on cross-currency swap contracts designated as cash flow hedges |  | Selling, general and administrative expenses |  | — |  |  | — |  |  | — |  |  | 973 |
|  | Interest expense, net |  | — |  |  | — |  |  | — |  |  | 581 |
|  | Income tax |  | — |  |  | — |  |  | — |  |  | — |
|  | Net of tax |  | — |  |  | — |  |  | — |  |  | 1,554 |
Amortization of deferred actuarial loss and prior service cost and settlement cost |  | Other expenses |  | (5,459) |  |  | (4,077) |  |  | (9,388) |  |  | (8,154) |
|  | Income tax |  | 10 |  |  | 1 |  |  | (228) |  |  | (119) |
|  | Net of tax |  | (5,449) |  |  | (4,076) |  |  | (9,616) |  |  | (8,273) |
Total reclassifications |  |  |  | $ | (3,028) |  |  | $ | (3,025) |  |  | $ | (3,350) |  |  | $ | (3,371) |

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