|
Capital and Accumulated Other Comprehensive Income (Loss) (Tables)
|
9 Months Ended |
|
Sep. 28, 2013
|
| Deferred Components of Other Comprehensive Income (Loss) Reported in Accumulated Other Comprehensive Income (Loss) in Stockholders' Equity Net of Related Income Taxes |
The deferred components of other comprehensive income (loss) are
reported in accumulated other comprehensive income (loss) in
stockholders’ equity, net of related income taxes, as
follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
| In thousands |
|
September
2013 |
|
|
December
2012 |
|
|
September
2012 |
|
|
Foreign currency translation
|
|
$ |
55,746 |
|
|
$ |
(4,068 |
) |
|
$ |
(48,135 |
) |
|
Defined benefit pension plans
|
|
|
(381,608 |
) |
|
|
(420,538 |
) |
|
|
(322,596 |
) |
|
Derivative financial instruments
|
|
|
(40,199 |
) |
|
|
(29,430 |
) |
|
|
(15,715 |
) |
|
Marketable securities
|
|
|
91 |
|
|
|
141 |
|
|
|
(407 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accumulated other comprehensive income (loss)
|
|
$ |
(365,970 |
) |
|
$ |
(453,895 |
) |
|
$ |
(386,853 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Changes in Accumulated Other Comprehensive Income (Loss) |
The changes in accumulated other comprehensive income (loss) are as
follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Three Months Ended September
2013 |
|
| In thousands |
|
Foreign
Currency
Translation |
|
|
Defined
Benefit
Pension Plans |
|
|
Derivative
Financial
Instruments |
|
|
Marketable
Securities |
|
|
Total |
|
|
Balance, June 2013
|
|
$ |
(42,716 |
) |
|
$ |
(394,785 |
) |
|
$ |
(3,170 |
) |
|
$ |
(200 |
) |
|
$ |
(440,871 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other comprehensive income (loss) before reclassifications
|
|
|
98,462 |
|
|
|
— |
|
|
|
(33,041 |
) |
|
|
291 |
|
|
|
65,712 |
|
|
Amounts reclassified from accumulated other comprehensive income
(loss)
|
|
|
— |
|
|
|
13,177 |
|
|
|
(3,988 |
) |
|
|
— |
|
|
|
9,189 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net other comprehensive income (loss)
|
|
|
98,462 |
|
|
|
13,177 |
|
|
|
(37,029 |
) |
|
|
291 |
|
|
|
74,901 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance, September 2013
|
|
$ |
55,746 |
|
|
$ |
(381,608 |
) |
|
$ |
(40,199 |
) |
|
$ |
91 |
|
|
$ |
(365,970 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Nine Months Ended September
2013 |
|
| In thousands |
|
Foreign
Currency
Translation |
|
|
Defined
Benefit
Pension Plans |
|
|
Derivative
Financial
Instruments |
|
|
Marketable
Securities |
|
|
Total |
|
|
Balance, December 2012
|
|
$ |
(4,068 |
) |
|
$ |
(420,538 |
) |
|
$ |
(29,430 |
) |
|
$ |
141 |
|
|
$ |
(453,895 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other comprehensive income (loss) before reclassifications
|
|
|
59,814 |
|
|
|
— |
|
|
|
(1,235 |
) |
|
|
(50 |
) |
|
|
58,529 |
|
|
Amounts reclassified from accumulated other comprehensive income
(loss)
|
|
|
— |
|
|
|
38,930 |
|
|
|
(9,534 |
) |
|
|
— |
|
|
|
29,396 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net other comprehensive income (loss)
|
|
|
59,814 |
|
|
|
38,930 |
|
|
|
(10,769 |
) |
|
|
(50 |
) |
|
|
87,925 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance, September 2013
|
|
$ |
55,746 |
|
|
$ |
(381,608 |
) |
|
$ |
(40,199 |
) |
|
$ |
91 |
|
|
$ |
(365,970 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Reclassifications Out of Accumulated Other Comprehensive Income (Loss) |
Reclassifications out of accumulated other comprehensive income
(loss) are as follows:
|
|
|
|
|
|
|
|
|
|
|
| In thousands |
|
Affected Line Item in the
Consolidated Statements
of Income (Loss)
|
|
Amount Reclassified From Accumulated
Other Comprehensive Income (Loss)
|
|
|
Details About Accumulated Other
Comprehensive Income (Loss) Components
|
|
|
| |
|
Three Months
Ended September 2013 |
|
|
Nine Months
Ended September 2013 |
|
|
Amortization of defined benefit pension plans:
|
|
|
|
|
|
|
|
|
|
|
|
Net deferred actuarial losses
|
|
(a) |
|
$ |
(21,333 |
) |
|
$ |
(64,021 |
) |
|
Deferred prior service cost
|
|
(a) |
|
|
(317 |
) |
|
|
(974 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total before tax |
|
|
(21,650 |
) |
|
|
(64,995 |
) |
|
|
Tax benefit (expense) |
|
|
8,473 |
|
|
|
26,065 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net of tax |
|
$ |
(13,177 |
) |
|
$ |
(38,930 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
Gains and losses on derivative financial instruments:
|
|
|
|
|
|
|
|
|
|
|
|
Foreign exchange contracts
|
|
Net sales |
|
$ |
6,195 |
|
|
$ |
7,418 |
|
|
Foreign exchange contracts
|
|
Cost of goods sold |
|
|
3,574 |
|
|
|
11,115 |
|
|
Foreign exchange contracts
|
|
Other income (expense), net |
|
|
(2,218 |
) |
|
|
83 |
|
|
Interest rate contracts
|
|
Interest expense |
|
|
(980 |
) |
|
|
(2,909 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total before tax |
|
|
6,571 |
|
|
|
15,707 |
|
|
|
Tax benefit (expense) |
|
|
(2,583 |
) |
|
|
(6,173 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net of tax |
|
|
3,988 |
|
|
|
9,534 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total reclassifications for the period
|
|
Net of tax |
|
$ |
(9,189 |
) |
|
$ |
(29,396 |
) |
|
|
|
|
|
|
|
|
|
|
|
| (a) |
These accumulated other comprehensive
income (loss) components are included in the computation of net
periodic pension cost (see Note H for additional details). |
|