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COMPREHENSIVE INCOME
 6 Months Ended
Jul. 03, 2016
Equity [Abstract]  
Comprehensive Income
COMPREHENSIVE INCOME
A summary of the components of comprehensive income is as follows:
 
 
Three Months Ended
 
Three Months Ended
 
 
July 3, 2016
 
July 5, 2015
 
 
Pre-Tax
Amount
 
Tax
(Expense)
Benefit
 
After-Tax
Amount
 
Pre-Tax
Amount
 
Tax
(Expense)
Benefit
 
After-Tax
Amount
Net income (loss)
 
 
 
 
 
$
145,956

 
 
 
 
 
$
(99,941
)
Other comprehensive income (loss):
 
 
 
 
 
 
 
 
 
 
 
 
Foreign currency translation adjustments
 
$
1,420

 
$
—

 
1,420

 
$
2,668

 
$
—

 
2,668

Pension and post-retirement benefit plans (a)
 
(4,181
)
 
1,569

 
(2,612
)
 
8,152

 
(2,686
)
 
5,466

Cash flow hedges:
 
 
 
 
 
 
 
 
 
 
 
 
Gains (losses) on cash flow hedging derivatives
 
(21,072
)
 
7,283

 
(13,789
)
 
146,901

 
(55,872
)
 
91,029

Reclassification adjustments (b)
 
(3,867
)
 
1,692

 
(2,175
)
 
(17,723
)
 
6,625

 
(11,098
)
Total other comprehensive income (loss)
 
$
(27,700
)
 
$
10,544

 
(17,156
)
 
$
139,998

 
$
(51,933
)
 
88,065

Total comprehensive income (loss)
 
 
 
 
 
$
128,800

 
 
 
 
 
$
(11,876
)
Comprehensive loss (gain) attributable to noncontrolling interests
 
 
 
 
 
213

 
 
 
 
 
(578
)
Comprehensive income (loss) attributable to The Hershey Company
 
 
 
 
 
$
129,013

 
 
 
 
 
$
(12,454
)
 
 
 
Six Months Ended
 
Six Months Ended
 
 
July 3, 2016
 
July 5, 2015
 
 
Pre-Tax
Amount
 
Tax
(Expense)
Benefit
 
After-Tax
Amount
 
Pre-Tax
Amount
 
Tax
(Expense)
Benefit
 
After-Tax
Amount
Net income
 
 
 
 
 
$
375,788

 
 
 
 
 
$
144,796

Other comprehensive income (loss):
 
 
 
 
 
 
 
 
 
 
 
 
Foreign currency translation adjustments
 
$
13,586

 
$
—

 
13,586

 
$
(25,050
)
 
$
—

 
(25,050
)
Pension and post-retirement benefit plans (a)
 
4,499

 
(2,010
)
 
2,489

 
16,814

 
(5,887
)
 
10,927

Cash flow hedges:
 
 
 
 
 
 
 
 
 
 
 
 
Gains (losses) on cash flow hedging derivatives
 
(54,981
)
 
19,048

 
(35,933
)
 
104,689

 
(39,752
)
 
64,937

Reclassification adjustments (b)
 
(11,776
)
 
4,689

 
(7,087
)
 
(18,075
)
 
6,578

 
(11,497
)
Total other comprehensive income (loss)
 
$
(48,672
)
 
$
21,727

 
(26,945
)
 
$
78,378

 
$
(39,061
)
 
39,317

Total comprehensive income
 
 
 
 
 
$
348,843

 
 
 
 
 
$
184,113

Comprehensive loss attributable to noncontrolling interests
 
 
 
 
 
1,289

 
 
 
 
 
2,931

Comprehensive income attributable to The Hershey Company
 
 
 
 
 
$
350,132

 
 
 
 
 
$
187,044

 
(a)
These amounts are included in the computation of net periodic benefit costs. For more information, see Note 11.
(b)
For information on the presentation of reclassification adjustments for cash flow hedges on the Consolidated Statements of Income, see Note 5.
The components of accumulated other comprehensive loss, as shown on the Consolidated Balance Sheets, are as follows:
 
 
July 3, 2016
 
December 31, 2015
Foreign currency translation adjustments
 
$
(86,361
)
 
$
(101,236
)
Pension and post-retirement benefit plans, net of tax
 
(252,159
)
 
(254,648
)
Cash flow hedges, net of tax
 
(58,161
)
 
(15,141
)
Total accumulated other comprehensive loss
 
$
(396,681
)
 
$
(371,025
)