XML 95 R83.htm IDEA: XBRL DOCUMENT v3.22.4
Employee Retirement Plans Summary of the Plans' Net Periodic Pension Cost, Benefit Obligations, Funded Status, and Net Balance Sheet Position (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Jan. 01, 2022
Jan. 02, 2021
Net Periodic Pension Cost:      
Curtailment loss $ 0 $ 0 $ (14,682)
Amounts recognized in balance sheet at year end:      
Accrued pension benefits (14,948) (219,680)  
Non US Plans      
Net Periodic Pension Cost:      
Service cost 0 773  
Interest cost 25,032 17,340  
Expected return on assets (74,581) (78,956)  
Amortization of net loss (3,671) (12,741)  
Amortization of prior service cost 2,589 2,879  
Defined Benefit Plan, Net Periodic Benefit Cost (43,289) (45,223)  
Change in Benefit Obligation:      
Benefit obligation – beginning of year 1,544,147 1,744,574  
Service cost 0 773  
Interest cost 25,032 17,340  
Member contributions 0 81  
Actuarial gain (409,462) (135,475)  
Net benefit payments (59,682) (65,138)  
Exchange effect (153,882) (18,008)  
Benefit obligation – end of year 946,153 1,544,147 1,744,574
Change in Plan Assets:      
Plan assets at fair value – beginning of year 1,342,601 1,296,516  
Company contributions 5,442 4,890  
Investment (loss) gain (207,270) 123,708  
Member contributions 0 81  
Benefit payments and plan expenses (59,682) (65,138)  
Exchange effect (137,334) (17,456)  
Plan assets at fair value – end of year 943,757 1,342,601 1,296,516
Funded Status:      
Unfunded benefit obligation (2,396) (201,546)  
Amounts recognized in balance sheet at year end:      
Accrued pension benefits (2,396) (201,546)  
Pre-tax components in accumulated other comprehensive income at period end:      
Net actuarial loss 121,292 281,745  
Current year actuarial gain (148,515) (181,518)  
Actuarial loss recognized (4,272) (12,832)  
Prior service cost recognized (7,666) (3,457)  
Total amount recognized 160,453 197,807  
Accumulated Benefit Obligation $ 946,136 $ 1,544,117  
Salary growth rate 0.80% 0.80%  
Assumed discount rate 4.80% 1.90%  
Expected return on assets 6.20% 6.20%  
USPlans      
Net Periodic Pension Cost:      
Service cost $ 0 $ 0  
Interest cost 923 841  
Expected return on assets (1,073) (1,029)  
Amortization of net loss (758) (1,118)  
Amortization of prior service cost 0 0  
Defined Benefit Plan, Net Periodic Benefit Cost 608 930  
Change in Benefit Obligation:      
Benefit obligation – beginning of year 36,423 38,897  
Service cost 0 0  
Interest cost 923 841  
Member contributions 0 0  
Actuarial gain (8,060) (1,617)  
Net benefit payments (1,736) (1,698)  
Exchange effect 0 0  
Benefit obligation – end of year 27,550 36,423 38,897
Change in Plan Assets:      
Plan assets at fair value – beginning of year 18,289 17,455  
Company contributions 1,173 1,233  
Investment (loss) gain (2,728) 1,299  
Member contributions 0 0  
Benefit payments and plan expenses (1,736) (1,698)  
Exchange effect 0 0  
Plan assets at fair value – end of year 14,998 18,289 $ 17,455
Funded Status:      
Unfunded benefit obligation (12,552) (18,134)  
Amounts recognized in balance sheet at year end:      
Accrued pension benefits (12,552) (18,134)  
Pre-tax components in accumulated other comprehensive income at period end:      
Net actuarial loss 2,402 7,419  
Current year actuarial gain (4,259) (1,887)  
Actuarial loss recognized (758) (1,118)  
Prior service cost recognized 0 0  
Total amount recognized 5,017 3,005  
Accumulated Benefit Obligation $ 27,550 $ 36,423  
Assumed discount rate 4.90% 2.60%  
Expected return on assets 6.00% 6.00%