Annual report pursuant to Section 13 and 15(d)

Reclassification Out of Accumulated OCI (Detail)

v3.3.1.900
Reclassification Out of Accumulated OCI (Detail) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Jan. 02, 2016
 [1],[2]
Oct. 03, 2015
 [1],[2]
Jul. 04, 2015
 [1],[2]
Apr. 04, 2015
 [1],[2]
Jan. 03, 2015
 [2],[3]
Sep. 27, 2014
 [2],[3]
Jun. 28, 2014
 [2],[3]
Mar. 29, 2014
 [2],[3]
Jan. 02, 2016
Jan. 03, 2015
Dec. 28, 2013
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]                      
Net sales                 $ 12,250,678 $ 12,154,784 $ 11,302,350
Net deferred actuarial losses                 61,966 37,518 85,356
Cost of goods sold                 (6,393,800) (6,288,190) (5,931,469)
Deferred prior service costs                 3,038 5,445 1,270
Selling, general and administrative expenses                 (4,178,386) (4,159,885) (3,841,032)
Other income (expense), net                 1,655 (5,544) (4,025)
Interest expense                 (89,414) (86,725) (84,773)
Income before income taxes                 1,580,389 1,352,366 1,562,490
Tax benefit (expense)                 (348,796) (304,861) (352,371)
Net income $ 312,209 $ 459,864 $ 170,811 $ 288,709 $ 122,101 $ 470,529 $ 157,682 $ 297,193 1,231,593 [1],[2] 1,047,505 [2],[3] $ 1,210,119
Reclassification out of Accumulated Other Comprehensive Income                      
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]                      
Net income                 (1,891) (46,084)  
Reclassification out of Accumulated Other Comprehensive Income | Accumulated Defined Benefit Plans Adjustment                      
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]                      
Net deferred actuarial losses [4]                 (61,966) (37,518)  
Deferred prior service costs [4]                 (3,038) (5,445)  
Selling, general and administrative expenses                 (4,062)    
Income before income taxes                 (69,066) (42,963)  
Tax benefit (expense)                 26,889 16,371  
Net income                 (42,177) (26,592)  
Reclassification out of Accumulated Other Comprehensive Income | Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges                      
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]                      
Net sales                 (68,543) (18,071)  
Cost of goods sold                 132,432 (8,756)  
Selling, general and administrative expenses                 (1,885)    
Other income (expense), net                 7,267 (1,189)  
Interest expense                 (4,295) (4,095)  
Income before income taxes                 64,976 (32,111)  
Tax benefit (expense)                 (25,404) 12,619  
Net income                 39,572 $ (19,492)  
Reclassification out of Accumulated Other Comprehensive Income | Accumulated Net Unrealized Investment Gain (Loss)                      
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]                      
Other income (expense), net                 1,177    
Tax benefit (expense)                 (463)    
Net income                 $ 714    
[1] Intangible asset impairment charges in the fourth quarter of 2015 reduced fourth quarter and full year operating results as follows: operating income - $143.6 million; net income - $97.1 million; and diluted earnings per share - $0.23. In addition, these intangible asset impairment charges reduced fourth quarter and full year 2015 basic earnings per share by $0.23 and $0.22, respectively. See Notes E, F and S.
[2] The fourth quarter and full year 2015 consisted of 13 weeks and 52 weeks, respectively, compared with 14 weeks and 53 weeks in the respective 2014 periods.
[3] Goodwill and intangible asset impairment charges in the fourth quarter of 2014 reduced fourth quarter and full year operating results as follows: operating income - $396.4 million; net income - $306.8 million; basic earnings per share - $0.71; and diluted earnings per share - $0.70. See Notes E, F and S.
[4] These accumulated OCI components are included in the computation of net periodic pension cost (see Note L for additional details).