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Employee Benefit Plans (Tables)
 12 Months Ended
Jan. 03, 2021
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 for U.S. and non-U.S. plans included the following components for fiscal years ended:
 
January 3,
2021		December 29,
2019		December 30,
2018
(In thousands)
Service and administrative costs$7,414 $6,598 $6,853 
Interest cost12,876 16,546 16,146 
Expected return on plan assets(21,786)(24,561)(28,939)
Actuarial loss20,291 27,134 17,146 
Curtailment gain— (1,547)— 
Amortization of prior service (credit) cost— (152)375 
Net periodic pension cost$18,795 $24,018 $11,581 
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 January 3, 2021 and December 29, 2019.
 
 January 3, 2021December 29, 2019
Non-U.S.U.S.Non-U.S.U.S.
(In thousands)
Actuarial present value of benefit obligations:
Accumulated benefit obligations$392,948 $317,679 $338,722 $304,710 
Change in benefit obligations:
Projected benefit obligations at beginning of year$341,455 $304,710 $311,168 $283,310 
Service and administrative costs5,314 2,100 4,248 2,350 
Interest cost3,991 8,885 5,448 11,098 
Benefits paid and plan expenses(15,823)(20,510)(12,778)(21,162)
Participants’ contributions37 — 162 — 
Business acquisitions(120)— — — 
Plan curtailments— — (1,420)— 
Actuarial loss35,910 22,494 34,602 29,114 
Effect of exchange rate changes24,575 — 25 — 
Projected benefit obligations at end of year$395,339 $317,679 $341,455 $304,710 
Change in plan assets:
Fair value of plan assets at beginning of year$179,860 $254,450 $159,163 $234,342 
Actual return on plan assets25,153 34,746 19,873 41,270 
Benefits paid and plan expenses(15,823)(20,510)(12,778)(21,162)
Employer’s contributions7,506 — 8,200 — 
Participants’ contributions37 — 162 — 
Effect of exchange rate changes8,011 — 5,240 — 
Fair value of plan assets at end of year$204,744 $268,686 $179,860 $254,450 
Net liabilities recognized in the consolidated balance sheets$(190,595)$(48,993)$(161,595)$(50,260)
Net amounts recognized in the consolidated balance sheets consist of:
Other assets$36,295 $— $36,699 $— 
Current liabilities(7,597)— (6,764)— 
Long-term liabilities(219,293)(48,993)(191,530)(50,260)
Net liabilities recognized in the consolidated balance sheets$(190,595)$(48,993)$(161,595)$(50,260)
Net amounts recognized in accumulated other comprehensive income consist of:
Prior service cost$— $— $— $— 
Actuarial assumptions as of the year-end measurement date:
Discount rate0.92 %2.21 %1.34 %3.01 %
Rate of compensation increase2.78 %None3.36 %None
Actuarial assumptions used to determine net periodic pension cost during the year were as follows:
January 3, 2021December 29, 2019December 30, 2018
Non-U.S.U.S.Non-U.S.U.S.Non-U.S.U.S.
Discount rate1.34 %3.01 %2.07 %4.05 %1.99 %3.56 %
Rate of compensation increase3.36 %None3.48 %None3.50 %None
Expected rate of return on assets2.20 %7.25 %5.30 %7.25 %5.90 %7.25 %
Defined Benefit Plan, Plan with Projected Benefit Obligation in Excess 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:
January 3,
2021		December 29,
2019
(In thousands)
Pension Plans with Projected Benefit Obligations in Excess of Plan Assets
Projected benefit obligations$226,890 $198,294 
Fair value of plan assets— — 
Pension Plans with Accumulated Benefit Obligations in Excess of Plan Assets
Accumulated benefit obligations$224,499 $195,657 
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 January 3, 2021 and December 29, 2019, and target asset allocations for fiscal year 2021 are as follows:

 Target AllocationPercentage of Plan Assets at
January 2, 2022January 3, 2021December 29, 2019
Asset CategoryNon-U.S.U.S.Non-U.S.U.S.Non-U.S.U.S.
Equity securities0-5%40-60%— %45 %— %41 %
Debt securities85-90%40-60%88 %55 %87 %59 %
Other10-15%0-10%12 %— %13 %— %
Total100 %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 January 3, 2021 and December 29, 2019 by asset category, classified in the three levels of inputs described in Note 22 to the consolidated financial statements are as follows:
 
 Fair Value Measurements at January 3, 2021 Using:
Total Carrying
Value at
January 3, 2021		Quoted Prices in
Active Markets
(Level 1)		Significant Other
Observable Inputs
(Level 2)		Significant
Unobservable 
Inputs
(Level 3)
(In thousands)
Cash$6,363 $6,363 $— $— 
Equity securities:
U.S. large-cap78,234 78,234 — — 
International large-cap value28,315 28,315 — — 
Emerging markets growth13,594 13,594 — — 
Foreign real estate funds23,259 — — 23,259 
Fixed income securities:
Non-U.S. treasury securities106,315 — 106,315 — 
Corporate and U.S. debt instruments140,349 43,500 96,849 — 
Corporate bonds35,816 — 35,816 — 
High yield bond funds2,954 2,954 — — 
Other types of investments:
Non-U.S. government index linked bonds38,231 — 38,231 — 
Total assets measured at fair value$473,430 $172,960 $277,211 $23,259 
 
 Fair Value Measurements at December 29, 2019 Using:
Total Carrying
Value at
December 29, 2019		Quoted Prices in
Active Markets
(Level 1)		Significant Other
Observable Inputs
(Level 2)		Significant
Unobservable 
Inputs
(Level 3)
(In thousands)
Cash$6,177 $6,177 $— $— 
Equity Securities:
U.S. large-cap57,797 57,797 — — 
International large-cap value26,914 26,914 — — 
U.S. small mid-cap2,700 2,700 — — 
Emerging markets growth12,853 12,853 — — 
Domestic real estate funds2,010 2,010 — — 
Foreign real estate funds22,688 — — 22,688 
Fixed income securities:
Non-U.S. Treasury Securities93,473 — 93,473 — 
Corporate and U.S. debt instruments139,300 47,104 92,196 — 
Corporate bonds29,846 — 29,846 — 
High yield bond funds5,734 5,734 — — 
Other types of investments:
Multi-strategy hedge funds1,721 — — 1,721 
Non-U.S. government index linked bonds33,097 — 33,097 — 
Total assets measured at fair value$434,310 $161,289 $248,612 $24,409 
Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets
A reconciliation of the beginning and ending Level 3 assets for fiscal years 2020, 2019 and 2018 is as follows:
 
 Fair Value Measurements Using
Significant Unobservable Inputs
(Level 3):
Foreign
Real Estate
Funds		Multi-strategy
Hedge
Funds		Total
(In thousands)
Balance at December 31, 2017$— $16,789 $16,789 
Unrealized gains— 145 145 
Purchases22,196 — 22,196 
Balance at December 30, 201822,196 16,934 39,130 
Sales— (15,586)(15,586)
Realized gains— 4,175 4,175 
Unrealized gains (losses)492 (3,802)(3,310)
Balance at December 29, 201922,688 1,721 24,409 
Sales— (1,721)(1,721)
Unrealized gains571 — 571 
Balance at January 3, 2021$23,259 $— $23,259 
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)
2021$12,932 $19,373 
202212,960 19,435 
202313,349 19,504 
202414,152 19,495 
202514,206 19,390 
2026-203072,747 92,258 
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) cost included the following components for the fiscal years ended:
 
January 3,
2021		December 29,
2019		December 30,
2018
(In thousands)
Service cost$73 $87 $106 
Interest cost94 116 120 
Expected return on plan assets(1,389)(1,175)(1,254)
Actuarial (gain) loss(1,647)(1,776)1,621 
Net periodic postretirement medical benefit (credit) cost$(2,869)$(2,748)$593 
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 January 3, 2021 and December 29, 2019.
 
January 3,
2021		December 29,
2019
(In thousands)
Actuarial present value of benefit obligations:
Retirees$611 $583 
Active employees eligible to retire420 362 
Other active employees2,069 1,966 
Accumulated benefit obligations at beginning of year3,100 2,911 
Service cost73 87 
Interest cost94 116 
Benefits paid(101)(122)
Actuarial (gain) loss(179)108 
Change in accumulated benefit obligations during the year(113)189 
Retirees545 611 
Active employees eligible to retire1,232 420 
Other active employees1,211 2,069 
Accumulated benefit obligations at end of year$2,988 $3,100 
Change in plan assets:
Fair value of plan assets at beginning of year$19,216 $16,279 
Actual return on plan assets2,756 2,937 
Fair value of plan assets at end of year$21,972 $19,216 
Net assets recognized in the consolidated balance sheets$18,984 $16,116 
Net amounts recognized in the consolidated balance sheets consist of:
Other assets$18,984 $16,116 
Net amounts recognized in accumulated other comprehensive income consist of:
Prior service cost$— $— 
Actuarial assumptions as of the year-end measurement date:
Discount rate2.34 %3.09 %
Actuarial assumptions used to determine net cost during the year are as follows:
January 3,
2021		December 29,
2019		December 30,
2018
Discount rate3.09 %4.09 %3.60 %
Expected rate of return on assets7.25 %7.25 %7.25 %
Schedule of Changes in Fair Value of Plan Assets
The fair values of the Company’s plan assets at January 3, 2021 and December 29, 2019 by asset category, classified in the three levels of inputs described in Note 22, are as follows:
 
 Fair Value Measurements at January 3, 2021 Using:
Total Carrying
Value at
January 3, 2021		Quoted Prices in
Active Markets
(Level 1)		Significant Other
Observable Inputs
(Level 2)		Significant
Unobservable
 Inputs
(Level 3)
(In thousands)
Cash$428 $428 $— $— 
Equity securities:
U.S. large-cap6,398 6,398 — — 
International large-cap value2,315 2,315 — — 
Emerging markets growth1,112 1,112 — — 
Fixed income securities:
Corporate and U.S. debt instruments11,477 3,557 7,920 — 
High yield bond funds242 242 — — 
Total assets measured at fair value$21,972 $14,052 $7,920 $— 
 
 Fair Value Measurements at December 29, 2019 Using:
Total Carrying
Value at
December 29, 2019		Quoted Prices in
Active Markets
(Level 1)		Significant Other
Observable Inputs
(Level 2)		Significant
Unobservable
 Inputs
(Level 3)
(In thousands)
Cash$408 $408 $— $— 
Equity securities:
U.S. large-cap4,365 4,365 — — 
International large-cap value2,033 2,033 — — 
U.S. small mid-cap204 204 — — 
Emerging markets growth971 971 — — 
Domestic real estate funds152 152 — — 
Fixed income securities:
Corporate debt instruments10,520 3,557 6,963 — 
High yield bond funds433 433 — — 
Other types of investments:
Multi-strategy hedge funds130 — — 130 
Total assets measured at fair value$19,216 $12,123 $6,963 $130 
Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets
A reconciliation of the beginning and ending Level 3 assets for fiscal years 2020, 2019 and 2018 is as follows:
 
 Fair Value 
Measurements 
Using
Significant 
Unobservable
Inputs
(Level 3):
Multi-strategy
Hedge
Funds
(In thousands)
Balance at December 31, 2017$1,151 
Unrealized gains25 
Balance at December 30, 20181,176 
Sales(1,074)
Realized gains315 
Unrealized losses(287)
Balance at December 29, 2019130 
Sales(130)
Balance at January 3, 2021$— 
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)
2021$119 
2022137 
2023150 
2024161 
2025172 
2026-2030883