Annual report pursuant to Section 13 and 15(d)

Capital and Accumulated Other Comprehensive Income (Loss) (Tables)

v3.3.1.900
Capital and Accumulated Other Comprehensive Income (Loss) (Tables)
12 Months Ended
Jan. 02, 2016
Shares Held for Deferred Compensation Plans

Balances related to shares held for deferred compensation plans are as follows:

 

     2015      2014      2013  
     In thousands, except share amounts  

Shares held for deferred compensation plans

     562,649         637,504         704,104   

Cost of shares held for deferred compensation plans

   $ 6,823       $ 7,724       $ 8,396   
Deferred Components of OCI Reported, Net of Related Income Taxes, in Accumulated OCI in Stockholders' Equity

The deferred components of OCI are reported, net of related income taxes, in accumulated OCI in stockholders’ equity, as follows:

 

     2015      2014  
     In thousands  

Foreign currency translation

   $ (718,169    $ (356,941

Defined benefit pension plans

     (372,195      (377,134

Derivative financial instruments

     47,142         31,389   

Marketable securities

             414   
  

 

 

    

 

 

 

Accumulated other comprehensive income (loss)

   $ (1,043,222    $ (702,272
  

 

 

    

 

 

 
Changes in Accumulated OCI, Net of Related Taxes

The changes in accumulated OCI, net of related taxes, are as follows:

 

     Foreign
Currency
Translation
    Defined
Benefit
Pension Plans
    Derivative
Financial
Instruments
    Marketable
Securities
    Total  
     In thousands  

Balance, December 2013

   $ 106,647      $ (277,451   $ (41,754   $ 838      $ (211,720

Other comprehensive income (loss) before reclassifications

     (463,588     (126,275     53,651        (424     (536,636

Amounts reclassified from accumulated other comprehensive income (loss)

            26,592        19,492               46,084   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net other comprehensive income (loss)

     (463,588     (99,683     73,143        (424     (490,552
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Balance, December 2014

     (356,941     (377,134     31,389        414        (702,272

Other comprehensive income (loss) before reclassifications

     (361,228     (37,238     55,325        300        (342,841

Amounts reclassified from accumulated other comprehensive income (loss)

            42,177        (39,572     (714     1,891   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net other comprehensive income (loss)

     (361,228     4,939        15,753        (414     (340,950
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Balance, December 2015

   $ (718,169   $ (372,195   $ 47,142      $      $ (1,043,222
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
Reclassifications Out of Accumulated OCI

Reclassifications out of accumulated OCI are as follows:

 

Details About Accumulated Other

Comprehensive Income (Loss) Components

  

Affected Line Item in the
Consolidated Statements of
Income (Loss)

   2015     2014  
          In thousands  

Amortization of defined benefit pension plans:

       

Net deferred actuarial losses

   (a)    $ (61,966   $ (37,518

Deferred prior service costs

   (a)      (3,038     (5,445

Pension settlement charges

   Selling, general and     
   administrative expenses      (4,062       
     

 

 

   

 

 

 
   Total before tax      (69,066     (42,963
   Tax benefit      26,889        16,371   
     

 

 

   

 

 

 
   Net of tax      (42,177     (26,592
     

 

 

   

 

 

 

Gains (losses) on derivative financial instruments:

       

Foreign exchange contracts

   Net sales      (68,543     (18,071

Foreign exchange contracts

   Cost of goods sold      132,432        (8,756

Foreign exchange contracts

   Selling, general and     
   administrative expenses      (1,885       

Foreign exchange contracts

   Other income (expense), net      7,267        (1,189

Interest rate contracts

   Interest expense      (4,295     (4,095
     

 

 

   

 

 

 
   Total before tax      64,976        (32,111
   Tax benefit (expense)      (25,404     12,619   
     

 

 

   

 

 

 
   Net of tax      39,572        (19,492
     

 

 

   

 

 

 

Gains (losses) on sale of marketable securities:

   Other income (expense), net      1,177          
   Tax expense      (463       
     

 

 

   

 

 

 
   Net of tax      714          
     

 

 

   

 

 

 

Total reclassifications for the year

   Net of tax    $ (1,891   $ (46,084
     

 

 

   

 

 

 

 

(a) 

These accumulated OCI components are included in the computation of net periodic pension cost (see Note L for additional details).