|
Capital and Accumulated Other Comprehensive Income (Loss) (Tables)
|
3 Months Ended |
|
Mar. 29, 2014
|
| Shares Held for Deferred Compensation Plans |
Balances related to shares held for deferred compensation
plans are as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
| In millions, except share amounts |
|
March
2014 |
|
|
December
2013 |
|
|
March
2013 |
|
|
Shares held for deferred compensation plans
|
|
|
725,504 |
|
|
|
704,104 |
|
|
|
732,704 |
|
|
Cost of shares held for deferred compensation plans
|
|
$ |
9.8 |
|
|
$ |
8.4 |
|
|
$ |
8.5 |
|
|
| Deferred Components of Other Comprehensive Income (Loss) Reported, Net of Related Income Taxes, in Accumulated Other Comprehensive Income (Loss) in Stockholders' Equity |
The deferred components of other comprehensive income (loss)
are reported, net of related income taxes, in accumulated other
comprehensive income (loss) in stockholders’ equity, as
follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
| In thousands |
|
March
2014 |
|
|
December
2013 |
|
|
March
2013 |
|
|
Foreign currency translation
|
|
$ |
97,060 |
|
|
$ |
106,647 |
|
|
$ |
(17,866 |
) |
|
Defined benefit pension plans
|
|
|
(270,830 |
) |
|
|
(277,451 |
) |
|
|
(407,679 |
) |
|
Derivative financial instruments
|
|
|
(36,223 |
) |
|
|
(41,754 |
) |
|
|
1,924 |
|
|
Marketable securities
|
|
|
504 |
|
|
|
838 |
|
|
|
486 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accumulated other comprehensive income (loss)
|
|
$ |
(209,489 |
) |
|
$ |
(211,720 |
) |
|
$ |
(423,135 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Changes in Accumulated Other Comprehensive Income (Loss), Net of Related Taxes |
The changes in accumulated other comprehensive income (loss), net
of related taxes, are as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| In thousands |
|
Three Months Ended March
2014 |
|
| |
|
Foreign
Currency
Translation |
|
|
Defined
Benefit
Pension Plans |
|
|
Derivative
Financial
Instruments |
|
|
Marketable
Securities |
|
|
Total |
|
|
Balance, December 2013
|
|
$ |
106,647 |
|
|
$ |
(277,451 |
) |
|
$ |
(41,754 |
) |
|
$ |
838 |
|
|
$ |
(211,720 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other comprehensive income (loss) before reclassifications
|
|
|
(9,587 |
) |
|
|
— |
|
|
|
2,243 |
|
|
|
(334 |
) |
|
|
(7,678 |
) |
|
Amounts reclassified from accumulated other comprehensive income
(loss)
|
|
|
— |
|
|
|
6,621 |
|
|
|
3,288 |
|
|
|
— |
|
|
|
9,909 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net other comprehensive income (loss)
|
|
|
(9,587 |
) |
|
|
6,621 |
|
|
|
5,531 |
|
|
|
(334 |
) |
|
|
2,231 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance, March 2014
|
|
$ |
97,060 |
|
|
$ |
(270,830 |
) |
|
$ |
(36,223 |
) |
|
$ |
504 |
|
|
$ |
(209,489 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Three Months Ended March
2013 |
|
| |
|
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
|
|
|
(13,798 |
) |
|
|
— |
|
|
|
33,684 |
|
|
|
345 |
|
|
|
20,231 |
|
|
Amounts reclassified from accumulated other comprehensive income
(loss)
|
|
|
— |
|
|
|
12,859 |
|
|
|
(2,330 |
) |
|
|
— |
|
|
|
10,529 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net other comprehensive income (loss)
|
|
|
(13,798 |
) |
|
|
12,859 |
|
|
|
31,354 |
|
|
|
345 |
|
|
|
30,760 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance, March 2013
|
|
$ |
(17,866 |
) |
|
$ |
(407,679 |
) |
|
$ |
1,924 |
|
|
$ |
486 |
|
|
$ |
(423,135 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 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
|
|
|
|
|
|
|
| Details About Accumulated Other |
|
Consolidated Statements
|
|
Three Months Ended March
|
|
|
Comprehensive Income (Loss) Components
|
|
of Income (Loss)
|
|
2014 |
|
|
2013 |
|
|
Amortization of defined benefit pension plans:
|
|
|
|
|
|
|
|
|
|
|
|
Net deferred actuarial losses
|
|
(a)
|
|
$ |
(9,384 |
) |
|
$ |
(21,362 |
) |
|
Deferred prior service costs
|
|
(a)
|
|
|
(1,362 |
) |
|
|
(341 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total before tax
|
|
|
(10,746 |
) |
|
|
(21,703 |
) |
|
|
Tax benefit (expense)
|
|
|
4,125 |
|
|
|
8,844 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net of tax
|
|
$ |
(6,621 |
) |
|
$ |
(12,859 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
Gains (losses) on derivative financial instruments:
|
|
|
|
|
|
|
|
|
|
|
|
Foreign exchange contracts
|
|
Net sales
|
|
$ |
1,660 |
|
|
$ |
(155 |
) |
|
Foreign exchange contracts
|
|
Cost of goods sold
|
|
|
(5,364 |
) |
|
|
3,858 |
|
|
Foreign exchange contracts
|
|
Other income (expense), net
|
|
|
(708 |
) |
|
|
1,092 |
|
|
Interest rate contracts
|
|
Interest expense
|
|
|
(1,004 |
) |
|
|
(957 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total before tax
|
|
|
(5,416 |
) |
|
|
3,838 |
|
|
|
Tax benefit (expense)
|
|
|
2,128 |
|
|
|
(1,508 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net of tax
|
|
$ |
(3,288 |
) |
|
$ |
2,330 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total reclassifications for the period
|
|
Net of tax
|
|
$ |
(9,909 |
) |
|
$ |
(10,529 |
) |
|
|
|
|
|
|
|
|
|
|
|
| (a) |
These accumulated other comprehensive
income (loss) components are included in the computation of net
periodic pension cost (see Note G for additional details). |
|