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Employee Benefit Plans (Tables)
12 Months Ended
Dec. 28, 2014
Pension Plans, Defined Benefit  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Components of Net Periodic Benefit Cost (Credit)
Net periodic pension cost (credit) for U.S. and non-U.S. plans included the following components for fiscal years ended:
 
 
December 28,
2014
 
December 29,
2013
 
December 30,
2012
 
(In thousands)
Service cost
$
4,070

 
$
3,664

 
$
3,852

Interest cost
23,475

 
21,334

 
23,164

Expected return on plan assets
(25,007
)
 
(25,106
)
 
(20,768
)
Actuarial loss (gain)
71,700

 
(16,464
)
 
28,355

Amortization of prior service cost
(281
)
 
(267
)
 
(242
)
Net periodic pension cost (credit)
$
73,957

 
$
(16,839
)
 
$
34,361

Schedule of Net Funded Status
The following table sets forth the changes in the funded status of the principal U.S. pension plan and the principal non-U.S. pension plans and the amounts recognized in the Company’s consolidated balance sheets as of December 28, 2014 and December 29, 2013.
 
 
December 28, 2014
 
December 29, 2013
Non-U.S.
 
U.S.
 
Non-U.S.
 
U.S.
(In thousands)
Actuarial present value of benefit obligations:
 
 
 
 
 
 
 
Accumulated benefit obligations
$
291,640

 
$
327,632

 
$
277,125

 
$
279,299

Change in benefit obligations:
 
 
 
 
 
 
 
Projected benefit obligations at beginning of year
$
288,216

 
$
279,299

 
$
278,707

 
$
301,770

Service cost
2,670

 
1,400

 
2,589

 
1,075

Interest cost
10,575

 
12,900

 
9,834

 
11,500

Benefits paid and plan expenses
(12,280
)
 
(19,282
)
 
(11,218
)
 
(17,817
)
Participants’ contributions
394

 

 
391

 

Plan settlement

 

 
(918
)
 

Actuarial loss (gain)
42,095

 
53,315

 
1,678

 
(17,229
)
Effect of exchange rate changes
(27,861
)
 

 
7,153

 

Projected benefit obligations at end of year
$
303,809

 
$
327,632

 
$
288,216

 
$
279,299

Change in plan assets:
 
 
 
 
 
 
 
Fair value of plan assets at beginning of year
$
143,704

 
$
249,756

 
$
114,515

 
$
221,755

Actual return on plan assets
22,939

 
25,780

 
17,201

 
8,818

Benefits paid and plan expenses
(12,280
)
 
(19,282
)
 
(11,218
)
 
(17,817
)
Employer’s contributions
11,195

 

 
20,200

 
37,000

Participants’ contributions
394

 

 
391

 

Plan settlement

 

 
(918
)
 

Effect of exchange rate changes
(9,185
)
 

 
3,533

 

Fair value of plan assets at end of year
156,767

 
256,254

 
143,704

 
249,756

Net liabilities recognized in the consolidated balance sheets
$
(147,042
)
 
$
(71,378
)
 
$
(144,512
)
 
$
(29,543
)
Net amounts recognized in the consolidated balance sheets consist of:
 
 
 
 
 
 
 
Noncurrent assets
$
9,825

 
$

 
$
6,879

 
$

Current liabilities
(6,786
)
 

 
(7,360
)
 

Noncurrent liabilities
(150,081
)
 
(71,378
)
 
(144,031
)
 
(29,543
)
Net liabilities recognized in the consolidated balance sheets
$
(147,042
)
 
$
(71,378
)
 
$
(144,512
)
 
$
(29,543
)
Net amounts recognized in accumulated other comprehensive income consist of:
 
 
 
 
 
 
 
Prior service cost
$
(1,371
)
 
$

 
$
(1,745
)
 
$

Net amounts recognized in accumulated other comprehensive income
$
(1,371
)
 
$

 
$
(1,745
)
 
$

Actuarial assumptions as of the year-end measurement date:
 
 
 
 
 
 
 
Discount rate
2.75
%
 
4.08
%
 
3.77
%
 
4.77
%
Rate of compensation increase
3.07
%
 
None

 
3.23
%
 
None

 
Actuarial assumptions used to determine net periodic pension cost during the year were as follows:
 
December 28, 2014
 
December 29, 2013
 
December 30, 2012
 
Non-U.S.
 
U.S.
 
Non-U.S.
 
U.S.
 
Non-U.S.
 
U.S.
Discount rate
3.77
%
 
4.77
%
 
3.62
%
 
3.92
%
 
4.91
%
 
4.10
%
Rate of compensation increase
3.23
%
 
None

 
2.88
%
 
None

 
3.22
%
 
3.50
%
Expected rate of return on assets
5.30
%
 
7.25
%
 
5.50
%
 
7.50
%
 
5.40
%
 
7.75
%
Schedule of Benefit Obligations in Excess of Fair Value of Plan Assets [Table Text Block]
The following table provides a breakdown of the non-U.S. benefit obligations and fair value of assets for pension plans that have benefit obligations in excess of plan assets:
 
 
December 28,
2014
 
December 29,
2013
 
(In thousands)
Pension Plans with Projected Benefit Obligations in Excess of Plan Assets
 
 
 
Projected benefit obligations
$
156,867

 
$
151,391

Fair value of plan assets

 

 
 
 
 
Pension Plans with Accumulated Benefit Obligations in Excess of Plan Assets
 
 
 
Accumulated benefit obligations
$
153,239

 
$
148,235

Fair value of plan assets

 

Schedule of Allocation of Plan Assets
Assets of the defined benefit pension plans are primarily equity and debt securities. Asset allocations as of December 28, 2014 and December 29, 2013, and target asset allocations for fiscal year 2015 are as follows:
 
 
Target Allocation
 
Percentage of Plan Assets at
 
January 3, 2016
 
December 28, 2014
 
December 29, 2013
Asset Category
Non-U.S.
 
U.S.
 
Non-U.S.
 
U.S.
 
Non-U.S.
 
U.S.
Equity securities
45-55%

 
40-50%

 
49
%
 
39
%
 
51
%
 
43
%
Debt securities
45-55%

 
50-60%

 
50
%
 
61
%
 
48
%
 
57
%
Other
0-5%

 
0-5%

 
1
%
 
%
 
1
%
 
%
Total
100
%
 
100
%
 
100
%
 
100
%
 
100
%
 
100
%
Schedule of Changes in Fair Value of Plan Assets
The fair values of the Company’s pension plan assets as of December 28, 2014 and December 29, 2013 by asset category, classified in the three levels of inputs described in Note 21 to the consolidated financial statements are as follows:
 
 
 
 
Fair Value Measurements at December 28, 2014 Using:
Total Carrying
Value at
December 28, 2014
 
Quoted Prices in
Active Markets
(Level 1)
 
Significant Other
Observable Inputs
(Level 2)
 
Significant
Unobservable 
Inputs
(Level 3)
(In thousands)
Cash
$
4,971

 
$
4,971

 
$

 
$

Equity Securities:
 
 
 
 
 
 
 
U.S. large-cap
28,602

 
28,602

 

 

International large-cap value
25,202

 
25,202

 

 

Emerging markets growth
13,010

 
13,010

 

 

Equity index funds
77,432

 

 
77,432

 

Domestic real estate funds
2,860

 
2,860

 

 

Commodity funds
7,423

 
7,423

 

 

Fixed income securities:
 
 
 
 
 
 
 
Non-U.S. Treasury Securities
22,025

 

 
22,025

 

Corporate and U.S. debt instruments
147,834

 
53,813

 
94,021

 

Corporate bonds
25,164

 

 
25,164

 

High yield bond funds
3,614

 
3,614

 

 

Other types of investments:
 
 
 
 
 
 
 
Multi-strategy hedge funds
23,332

 

 

 
23,332

Venture capital funds
1

 

 

 
1

Non-U.S. government index linked bonds
31,551

 

 
31,551

 

Total assets measured at fair value
$
413,021

 
$
139,495

 
$
250,193

 
$
23,333

 
 
 
 
Fair Value Measurements at December 29, 2013 Using:
Total Carrying
Value at
December 29, 2013
 
Quoted Prices in
Active Markets
(Level 1)
 
Significant Other
Observable Inputs
(Level 2)
 
Significant
Unobservable 
Inputs
(Level 3)
(In thousands)
Cash
$
4,458

 
$
4,458

 
$

 
$

Equity Securities:
 
 
 
 
 
 
 
U.S. large-cap
34,127

 
34,127

 

 

International large-cap value
27,595

 
27,595

 

 

Emerging markets growth
12,517

 
12,517

 

 

Equity index funds
73,796

 

 
73,796

 

Domestic real estate funds
2,471

 
2,471

 

 

Commodity funds
8,179

 
8,179

 

 

Fixed income securities:
 
 
 
 
 
 
 
Non-U.S. Treasury Securities
18,344

 

 
18,344

 

Corporate and U.S. debt instruments
132,828

 
45,215

 
87,613

 

Corporate bonds
22,619

 

 
22,619

 

High yield bond funds
6,170

 
6,170

 

 

Other types of investments:
 
 
 
 
 
 
 
Multi-strategy hedge funds
22,689

 

 

 
22,689

Venture capital funds
8

 

 

 
8

Non-U.S. government index linked bonds
27,659

 

 
27,659

 

Total assets measured at fair value
$
393,460

 
$
140,732

 
$
230,031

 
$
22,697

Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets
A reconciliation of the beginning and ending Level 3 assets for fiscal years 2014, 2013, and 2012 is as follows:
 
 
Fair Value Measurements Using
Significant Unobservable Inputs
(Level 3):
Common
Collective
Trusts/Private Funds
 
Venture
Capital
Funds
 
Multi-strategy
Hedge
Funds
 
Total
(In thousands)
Balance at January 1, 2012
$

 
$
7

 
$
19,285

 
$
19,292

Realized losses
1,162

 

 

 
1,162

Unrealized gains
19

 

 
977

 
996

Purchases
9,448

 

 

 
9,448

Issuances, Sales and Settlements
(10,467
)
 

 

 
(10,467
)
Balance at December 30, 2012
162

 
7

 
20,262

 
20,431

Realized gains
7

 

 

 
7

Unrealized (losses) gains
(19
)
 
1

 
2,427

 
2,409

Issuances, Sales and Settlements
(150
)
 

 

 
(150
)
Balance at December 29, 2013

 
8

 
22,689

 
22,697

Realized gains

 

 

 

Unrealized (losses) gains

 
(7
)
 
643

 
636

Purchases

 

 

 

Issuances, Sales and Settlements

 

 

 

Balance at December 28, 2014
$

 
$
1

 
$
23,332

 
$
23,333

Schedule of Expected Benefit Payments
The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid as follows:
 
 
Non-U.S.
 
U.S.
 
(In thousands)
2015
$
11,320

 
$
18,169

2016
11,832

 
18,268

2017
12,028

 
18,363

2018
12,475

 
18,657

2019
13,067

 
18,857

2020-2024
70,926

 
97,713

Other Postretirement Benefit Plans, Defined Benefit [Member]  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Components of Net Periodic Benefit Cost (Credit)
Net periodic postretirement medical benefit credit included the following components for the fiscal years ended:
 
 
December 28,
2014
 
December 29,
2013
 
December 30,
2012
 
(In thousands)
Service cost
$
95

 
$
106

 
$
106

Interest cost
155

 
135

 
144

Expected return on plan assets
(964
)
 
(965
)
 
(877
)
Actuarial gain
(384
)
 
(182
)
 
(929
)
Net periodic postretirement medical benefit credit
$
(1,098
)
 
$
(906
)
 
$
(1,556
)
Schedule of Net Funded Status
The following table sets forth the changes in the postretirement medical plan’s funded status and the amounts recognized in the Company’s consolidated balance sheets as of December 28, 2014 and December 29, 2013.
 
 
December 28,
2014
 
December 29,
2013
 
(In thousands)
Actuarial present value of benefit obligations:
 
 
 
Retirees
$
1,159

 
$
1,331

Active employees eligible to retire
388

 
470

Other active employees
1,795

 
2,009

Accumulated benefit obligations at beginning of year
3,342

 
3,810

Service cost
95

 
106

Interest cost
155

 
135

Benefits paid
(157
)
 
(189
)
Actuarial loss (gain)
141

 
(520
)
Change in accumulated benefit obligations during the year
234

 
(468
)
Retirees
1,033

 
1,159

Active employees eligible to retire
424

 
388

Other active employees
2,119

 
1,795

Accumulated benefit obligations at end of year
3,576

 
3,342

Change in plan assets:
 
 
 
Fair value of plan assets at beginning of year
13,396

 
12,958

Actual return on plan assets
1,332

 
438

Fair value of plan assets at end of year
14,728

 
13,396

Net assets recognized in the consolidated balance sheets
$
11,152

 
$
10,054

Net amounts recognized in the consolidated balance sheets consist of:
 
 
 
Noncurrent assets
$
11,152

 
$
10,054

Net assets recognized in the consolidated balance sheets
$
11,152

 
$
10,054

Net amounts recognized in accumulated other comprehensive income consist of:
 
 
 
Prior service cost
$

 
$

Net amounts recognized in accumulated other comprehensive income
$

 
$

Actuarial assumptions as of the year-end measurement date:
 
 
 
Discount rate
4.10
%
 
4.77
%

Actuarial assumptions used to determine net cost during the year are as follows:
 
December 28,
2014
 
December 29,
2013
 
December 30,
2012
Discount rate
4.77
%
 
3.86
%
 
4.00
%
Expected rate of return on assets
7.25
%
 
7.50
%
 
7.75
%
Schedule of Changes in Fair Value of Plan Assets
The fair values of the Company’s plan assets at December 28, 2014 and December 29, 2013 by asset category, classified in the three levels of inputs described in Note 21, are as follows:
 
 
 
 
Fair Value Measurements at December 28, 2014 Using:
Total Carrying
Value at
December 28, 2014
 
Quoted Prices in
Active Markets
(Level 1)
 
Significant Other
Observable Inputs
(Level 2)
 
Significant
Unobservable
 Inputs
(Level 3)
(In thousands)
Cash
$
248

 
$
248

 
$

 
$

Equity Securities:
 
 
 
 
 
 
 
U.S. large-cap
1,644

 
1,644

 

 

International large-cap value
1,449

 
1,449

 

 

Emerging markets growth
748

 
748

 

 

Domestic real estate funds
164

 
164

 

 

Commodity funds
427

 
427

 

 

Fixed income securities:
 
 
 
 
 
 
 
Corporate debt instruments
8,499

 
3,094

 
5,405

 

High yield bond funds
208

 
208

 

 

Other types of investments:
 
 
 
 
 
 
 
Multi-strategy hedge funds
1,341

 

 

 
1,341

Total assets measured at fair value
$
14,728

 
$
7,982

 
$
5,405

 
$
1,341

 
 
 
 
Fair Value Measurements at December 29, 2013 Using:
Total Carrying
Value at
December 29, 2013
 
Quoted Prices in
Active Markets
(Level 1)
 
Significant Other
Observable Inputs
(Level 2)
 
Significant
Unobservable
 Inputs
(Level 3)
(In thousands)
Cash
$
167

 
$
167

 
$

 
$

Equity Securities:
 
 
 
 
 
 
 
U.S large-cap
1,831

 
1,831

 

 

International large-cap value
1,480

 
1,480

 

 

Emerging markets growth
672

 
672

 

 

Domestic real estate funds
133

 
133

 

 

Commodity funds
439

 
439

 

 

Fixed income securities:
 
 
 
 
 
 
 
Corporate debt instruments
7,126

 
2,426

 
4,700

 

High yield bond funds
331

 
331

 

 

Other types of investments:
 
 
 
 
 
 
 
Multi-strategy hedge funds
1,217

 

 

 
1,217

Total assets measured at fair value
$
13,396

 
$
7,479

 
$
4,700

 
$
1,217

Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets
A reconciliation of the beginning and ending Level 3 assets for fiscal years 2014, 2013, and 2012 is as follows:
 
 
Fair Value Measurements Using
Significant Unobservable Inputs
(Level 3):
Common
Collective
Trusts/Private Funds
 
Venture
Capital
Funds
 
Multi-strategy
Hedge
Funds
 
Total
(In thousands)
Balance at January 1, 2012
$

 
$
1

 
$
1,129

 
$
1,130

Realized gains
68

 

 

 
68

Unrealized gains
1

 

 
55

 
56

Purchases
552

 

 

 
552

Issuances, Sales and Settlements
(612
)
 

 

 
(612
)
Balance at December 30, 2012
9

 
1

 
1,184

 
1,194

Realized gains

 

 

 

Unrealized (losses) gains
(1
)
 
(1
)
 
33

 
31

Purchases

 

 

 

Issuances, Sales and Settlements
(8
)
 

 

 
(8
)
Balance at December 29, 2013

 

 
1,217

 
1,217

Realized gains

 

 

 

Unrealized gains

 

 
124

 
124

Purchases

 

 

 

Issuances, Sales and Settlements

 

 

 

Balance at December 28, 2014
$

 
$

 
$
1,341

 
$
1,341

Schedule of Expected Benefit Payments
The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid as follows:
 
Postretirement Medical Plan
 
 
(In thousands)
2015
$
167

2016
174

2017
182

2018
192

2019
200

2020-2024
1,159