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CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Cumulative Effect, Period of Adoption, Adjustment
Common Stock
Common Stock
Cumulative Effect, Period of Adoption, Adjustment
Paid-in Capital
Paid-in Capital
Cumulative Effect, Period of Adoption, Adjustment
Treasury Stock
Treasury Stock
Cumulative Effect, Period of Adoption, Adjustment
Retained Earnings
Retained Earnings
Cumulative Effect, Period of Adoption, Adjustment
Accumulated Other Comprehensive Income (loss)
Accumulated Other Comprehensive Income (loss)
Cumulative Effect, Period of Adoption, Adjustment
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Adoption of ASU   $ (100)                    
Adoption of ASU | Accounting Standards Update 2017-12   0   $ 0   $ 0   $ 0   $ (11) [1]   $ 11 [1]
Balance, Beginning at Dec. 29, 2018 $ 1,665,203   $ 145   $ 377,419   $ (445,118)   $ 2,009,233   $ (276,476)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net earnings 352,240   0   0   0   352,240   0  
Currency translation adjustments 7,066   0   0   0   0   7,066  
Change in unrecognized pension benefit costs, net of tax (57,398)   0   0   0   0   (57,398)  
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax (24,125)                      
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax | Accounting Standards Update 2017-12 (24,136)   0   0   0   0   (24,136)  
Unrealized gain on certain investments, net of tax 0                      
Stock compensation 8,133   0   8,133   0   0   0  
Adjustments to Additional Paid in Capital, Stock Issued, Issuance Costs 1,850   0   1,850   0   0   0  
Purchase of treasury stock (6,144)   0   0   (6,144)   0   0  
Balance, Ending at Dec. 28, 2019 1,946,814   145   387,402   (451,262)   2,361,462   (350,933)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net earnings 207,294   0   0   0   207,294   0  
Currency translation adjustments 55,744   0   0   0   0   55,744  
Change in unrecognized pension benefit costs, net of tax (172,583)   0   0   0   0   (172,583)  
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax (20,656)   0   0   0   0   (20,656)  
Unrealized gain on certain investments, net of tax 0                      
Stock compensation 19,613   0   19,613   0   0   0  
Adjustments to Additional Paid in Capital, Stock Issued, Issuance Costs 25,987   2   25,985   0   0   0  
Purchase of treasury stock (85,872)   0   0   (85,872)   0   0  
Equity component of issuance of convertible notes 308   0   308   0   0   0  
Balance, Ending at Jan. 02, 2021 1,976,649   147   433,308   (537,134)   2,568,756   (488,428)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Adoption of ASU | Accounting Standards Update 2020-06   $ (74,375) [2]   $ 0   $ (79,430) [2]   $ 0   $ 5,055 [2]   $ 0
Net earnings 488,492   0   0   0   488,492   0  
Currency translation adjustments (47,693)   0   0   0   0   (47,693)  
Change in unrecognized pension benefit costs, net of tax 151,223   0   0   0   0   151,223  
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax 24,484   0   0   0   0   24,484  
Unrealized gain on certain investments, net of tax 1,330   0   0   0   0   1,330  
Stock compensation 42,330   0   42,330   0   0   0  
Adjustments to Additional Paid in Capital, Stock Issued, Issuance Costs 2,522   0   2,522   0   0   0  
Purchase of treasury stock (29,265)   0   0   (29,265)   0   0  
Purchase of capped calls 41,421   0   41,421   0   0   0  
Balance, Ending at Jan. 01, 2022 $ 2,494,276   $ 147   $ 357,309   $ (566,399)   $ 3,062,303   $ (359,084)  
[1] As of December 30, 2018, the company adopted ASU No. 2017-12, "Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities" using the modified retrospective method. The adoption of this guidance resulted in the recognition of less than $(0.1) million as an adjustment to the opening balance of retained earnings.
[2] As of January 3, 2021 the company adopted ASU No. 2020-06, Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity using the modified retrospective method. The adoption of this guidance resulted in a $79.4 million reduction to paid-in capital, net of tax of $25.5 million, and the recognition of $5.1 million as an adjustment to the opening balance of retained earnings, net of tax of $1.6 million.