Stockholders' Equity

3 Months Ended

Apr. 02, 2022

Equity [Abstract]

Stockholders' Equity

Accumulated Other Comprehensive Income (Loss)

The changes in accumulated other comprehensive income (loss) by component for the three months ended April 2, 2022 are as follows:

	Foreign currency translation adjustments		Prior pension and post-retirement benefit service cost and actuarial gain (loss)	Total
Balance as of December 31, 2021	$	(959,199)	(7,753)	(966,952)
Current period other comprehensive income (loss)	(82,184)		537	(81,647)
Balance as of April 2, 2022	$	(1,041,383)	(7,216)	(1,048,599)

Stockholders’ Equity

The following tables reflect the changes in stockholders’ equity for the three months ended April 2, 2022 and April 3, 2021 (in thousands).

	Total Stockholders’ Equity
	Common Stock		Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock		Nonredeemable Noncontrolling Interests	Total Stockholders’ Equity
	Shares	Amount				Shares	Amount
December 31, 2021	72,952	$729	$1,911,131	$7,692,064	($966,952)	(7,343)	($215,547)	$6,791	$8,428,216
Shares issued under employee and director stock plans	105	1	(3,268)	—	—	2	52	—	(3,215)
Stock-based compensation expense	—	—	5,655	—	—	—	—	—	5,655
Repurchases of common stock	(2,177)	(21)	—	(306,556)	—	—	—	—	(306,577)
Net earnings attributable to noncontrolling interests	—	—	—	—	—	—	—	105	105
Currency translation adjustment on noncontrolling interests	—	—	—	—	—	—	—	(263)	(263)
Currency translation adjustment	—	—	—	—	(82,184)	—	—	—	(82,184)
Prior pension and post-retirement benefit service cost and actuarial gain	—	—	—	—	537	—	—	—	537
Net earnings	—	—	—	245,329	—	—	—	—	245,329
April 2, 2022	70,880	$709	$1,913,518	$7,630,837	($1,048,599)	(7,341)	($215,495)	$6,633	$8,287,603

	Total Stockholders’ Equity
	Common Stock		Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock		Nonredeemable Noncontrolling Interests	Total Stockholders’ Equity
	Shares	Amount				Shares	Amount
December 31, 2020	77,624	$776	$1,885,142	$7,559,191	($695,145)	(7,346)	($215,648)	$6,842	$8,541,158
Shares issued under employee and director stock plans	113	1	(1,570)	—	—	3	97	—	(1,472)
Stock-based compensation expense	—	—	5,968	—	—	—	—	—	5,968
Repurchases of common stock	(687)	(7)	—	(122,869)	—	—	—	—	(122,876)
Net earnings attributable to noncontrolling interests	—	—	—	—	—	—	—	4	4
Currency translation adjustment on noncontrolling interests	—	—	—	—	—	—	—	(247)	(247)
Currency translation adjustment	—	—	—	—	(160,407)	—	—	—	(160,407)
Prior pension and post-retirement benefit service cost and actuarial gain	—	—	—	—	97	—	—	—	97
Net earnings	—	—	—	236,807	—	—	—	—	236,807
April 3, 2021	77,050	$770	$1,889,540	$7,673,129	($855,455)	(7,343)	($215,551)	$6,599	$8,499,032