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STOCKHOLDERS' EQUITY (Tables)
 12 Months Ended
Dec. 29, 2019
Equity [Abstract]  
Schedule of Changes in Accumulated Other Comprehensive Loss
The following tables provide information regarding the changes in accumulated other comprehensive loss during 2019 and 2018:
 
2019(a)
 
Losses Related to Foreign Currency Translation
 
Unrealized Losses on Derivative Financial Instruments Classified as Cash Flow Hedges
 
Losses Related to Pension and Other Postretirement Benefits
 
Unrealized Holding Losses on Available-for-Sale Securities
 
Total
 
(In thousands)
Balance, beginning of year
$
(55,770
)
 
$
(683
)
 
$
(71,463
)
 
$
82

 
$
(127,834
)
Other comprehensive income (loss)
before reclassifications
54,662

 
(2,052
)
 
(1,145
)
 
386

 
51,851

Amounts reclassified from
     accumulated other comprehensive
     loss to net income
—

 
383

 
993

 
(468
)
 
908

Currency translation
—

 
(54
)
 
—

 
—

 
(54
)
Net current year other comprehensive income (loss)
54,662

 
(1,723
)
 
(152
)
 
(82
)
 
52,705

Balance, end of year
$
(1,108
)
 
$
(2,406
)
 
$
(71,615
)
 
$
—

 
$
(75,129
)
 
2018(a)
 
Losses Related to Foreign Currency Translation
 
Unrealized Gains (Losses) on Derivative Financial Instruments Classified as Cash Flow Hedges
 
Losses Related to Pension and Other Postretirement Benefits
 
Unrealized Holding Gains on Available-for-Sale Securities
 
Total
 
(In thousands)
Balance, beginning of year
42,081

 
(1,848
)
 
(71,434
)
 
61

 
(31,140
)
Other comprehensive income (loss)
before reclassifications
(97,851
)
 
829

 
(939
)
 
867

 
(97,094
)
Amounts reclassified from accumulated
other comprehensive loss to net income
—

 
348

 
910

 
(846
)
 
412

Currency translation
—

 
(12
)
 
—

 
—

 
(12
)
Net current year other comprehensive
income (loss)
(97,851
)
 
1,165

 
(29
)
 
21

 
(96,694
)
Balance, end of year
(55,770
)
 
(683
)
 
(71,463
)
 
82

 
(127,834
)
(a)
All amounts are net of tax. Amounts in parentheses indicate debits.
Schedule of Reclassification from Accumulated Other Comprehensive Loss
Details about Accumulated Other Comprehensive Loss Components
Amount Reclassified from Accumulated Other Comprehensive Loss(a)
 
Affected Line Item in the Consolidated and Combined Statements of Income
2019
 
2018
 
 
(In thousands)
 
 
Realized loss on settlement of
     derivative financial instruments
     classified as cash flow hedges
$
(383
)
 
$
(348
)
 
Cost of sales
Realized gain on sale of securities
619

 
1,118

 
Interest income
Amortization of pension and other
postretirement plan actuarial losses:
 
 
 
 
 
Union Plan(c)
(73
)
 
(49
)
 
Miscellaneous, net
Legacy Gold Kist Plans(b)(c)
(1,240
)
 
(1,154
)
 
Miscellaneous, net
Total before tax
(1,077
)
 
(433
)
 
 
Tax expense
169

 
21

 
 
Total reclassification for the period
$
(908
)
 
$
(412
)
 
 
(a)
Amounts in parentheses represent debits to results of operations.
(b)
The Company sponsors the GK Pension Plan, the SERP Plan, the Directors’ Emeriti Plan and the Retiree Life Plan (collectively, the “Legacy Gold Kist Plans”).
(c)
These accumulated other comprehensive loss components are included in the computation of net periodic pension cost. See “Note 15. Pension and Other Postretirement Benefits” to the Consolidated and Combined Financial Statements.