|
Capital and Accumulated Other Comprehensive Income (Loss) (Tables)
|
3 Months Ended |
|
Apr. 04, 2015
|
| Shares Held for Deferred Compensation Plans |
Balances related to shares held for deferred compensation plans are
as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
| In millions, except share amounts |
|
March
2015 |
|
|
December
2014 |
|
|
March
2014 |
|
|
Shares held for deferred compensation plans
|
|
|
647,304 |
|
|
|
637,504 |
|
|
|
725,504 |
|
|
Cost of shares held for deferred compensation plans
|
|
$ |
8.4 |
|
|
$ |
7.7 |
|
|
$ |
9.8 |
|
|
| Deferred Components of OCI Reported, Net of Related Income Taxes, in Accumulated Other Comprehensive Income (Loss) in Stockholders' Equity |
The deferred components of OCI are reported, net of related income
taxes, in accumulated other comprehensive income (loss) in
stockholders’ equity, as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
| In thousands |
|
March
2015 |
|
|
December
2014 |
|
|
March
2014 |
|
|
Foreign currency translation
|
|
$ |
(603,022 |
) |
|
$ |
(356,941 |
) |
|
$ |
97,060 |
|
|
Defined benefit pension plans
|
|
|
(367,841 |
) |
|
|
(377,134 |
) |
|
|
(270,830 |
) |
|
Derivative financial instruments
|
|
|
67,757 |
|
|
|
31,389 |
|
|
|
(36,223 |
) |
|
Marketable securities
|
|
|
714 |
|
|
|
414 |
|
|
|
504 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accumulated other comprehensive income (loss)
|
|
$ |
(902,392 |
) |
|
$ |
(702,272 |
) |
|
$ |
(209,489 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 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:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Three Months Ended March
2015 |
|
| In thousands |
|
Foreign
Currency
Translation |
|
|
Defined
Benefit
Pension Plans |
|
|
Derivative
Financial
Instruments |
|
|
Marketable
Securities |
|
|
Total |
|
|
Balance, December 2014
|
|
$ |
(356,941 |
) |
|
$ |
(377,134 |
) |
|
$ |
31,389 |
|
|
$ |
414 |
|
|
$ |
(702,272 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other comprehensive income (loss) before reclassifications
|
|
|
(246,081 |
) |
|
|
— |
|
|
|
41,282 |
|
|
|
300 |
|
|
|
(204,499 |
) |
|
Amounts reclassified from accumulated other comprehensive income
(loss)
|
|
|
— |
|
|
|
9,293 |
|
|
|
(4,914 |
) |
|
|
— |
|
|
|
4,379 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net other comprehensive income (loss)
|
|
|
(246,081 |
) |
|
|
9,293 |
|
|
|
36,368 |
|
|
|
300 |
|
|
|
(200,120 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance, March 2015
|
|
$ |
(603,022 |
) |
|
$ |
(367,841 |
) |
|
$ |
67,757 |
|
|
$ |
714 |
|
|
$ |
(902,392 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Three Months Ended March
2014 |
|
| In thousands |
|
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 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Reclassifications Out of Accumulated Other Comprehensive Income (Loss) |
Reclassifications out of accumulated other comprehensive income
(loss) are as follows:
|
|
|
|
|
|
|
|
|
|
|
|
In thousands
Details About Accumulated Other
Comprehensive Income (Loss) Components
|
|
Affected Line Item in the
Consolidated Statements
of Income
|
|
Three Months Ended March
|
|
| |
|
| |
|
2015 |
|
|
2014 |
|
|
Amortization of defined benefit pension plans:
|
|
|
|
|
|
|
|
|
|
|
|
Net deferred actuarial losses
|
|
(a) |
|
$ |
(15,497 |
) |
|
$ |
(9,384 |
) |
|
Deferred prior service costs
|
|
(a) |
|
|
(762 |
) |
|
|
(1,362 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total before tax |
|
|
(16,259 |
) |
|
|
(10,746 |
) |
|
|
Tax benefit (expense) |
|
|
6,966 |
|
|
|
4,125 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net of tax |
|
|
(9,293 |
) |
|
|
(6,621 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
Gains (losses) on derivative financial instruments:
|
|
|
|
|
|
|
|
|
|
|
|
Foreign exchange contracts
|
|
Net sales |
|
|
(17,055 |
) |
|
|
1,660 |
|
|
Foreign exchange contracts
|
|
Cost of goods sold |
|
|
19,368 |
|
|
|
(5,364 |
) |
|
Foreign exchange contracts
|
|
Other income (expense), net |
|
|
6,835 |
|
|
|
(708 |
) |
|
Interest rate contracts
|
|
Interest expense |
|
|
(1,053 |
) |
|
|
(1,004 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total before tax |
|
|
8,095 |
|
|
|
(5,416 |
) |
|
|
Tax benefit (expense) |
|
|
(3,181 |
) |
|
|
2,128 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net of tax |
|
|
4,914 |
|
|
|
(3,288 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
Total reclassifications for the period
|
|
Net of tax |
|
$ |
(4,379 |
) |
|
$ |
(9,909 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
(a) |
These accumulated other comprehensive
income (loss) components are included in the computation of net
periodic pension cost (see Note G for additional details). |
|