Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2023

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss)

	Foreign currency translation adjustments		Prior pension and post- retirement benefit service  cost and actuarial gain (loss)	Total
Balance as of December 31, 2022	$	(1,114,629)	371	(1,114,258)
Current period other comprehensive income (loss)	(178,348)		(520)	(178,868)
Balance as of September 30, 2023	$	(1,292,977)	(149)	(1,293,126)

Stockholders’ Equity

The following tables reflect the changes in stockholders’ equity for the three months ended September 30, 2023 and October 1, 2022 (in thousands).

	Total Stockholders’ Equity
	Common Stock		Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock		Noncontrolling Interests	Total Stockholders’ Equity
	Shares	Amount				Shares	Amount
Balance as of July 1, 2023	71,018	$710	$1,937,320	$7,591,215	($1,107,742)	(7,338)	($215,397)	$5,914	$8,212,020
Shares issued under employee and director stock plans, net of shares withheld to pay taxes on employees’ equity awards	2	—	(96)	—	—	—	—	—	(96)
Stock-based compensation expense	—	—	5,350	—	—	—	—	—	5,350
Net earnings attributable to noncontrolling interests	—	—	—	—	—	—	—	170	170
Currency translation adjustment on noncontrolling interests	—	—	—	—	—	—	—	(211)	(211)
Currency translation adjustment	—	—	—	—	(185,372)	—	—	—	(185,372)
Prior pension and post-retirement benefit service cost and actuarial loss	—	—	—	—	(12)	—	—	—	(12)
Net earnings	—	—	—	(760,459)	—	—	—	—	(760,459)
Balances as of September 30, 2023	71,020	$710	$1,942,574	$6,830,756	($1,293,126)	(7,338)	($215,397)	$5,873	$7,271,390

	Total Stockholders’ Equity
	Common Stock		Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock		Noncontrolling Interests	Total Stockholders’ Equity
	Shares	Amount				Shares	Amount
Balances as of July 2, 2022	70,878	$709	$1,919,742	$7,910,657	($1,014,999)	(7,341)	($215,491)	$6,320	$8,606,938
Shares issued under employee and director stock plans, net of shares withheld to pay taxes on employees’ equity awards	—	—	(27)	—	—	—	—	—	(27)
Stock-based compensation expense	—	—	6,179	—	—	—	—	—	6,179
Repurchases of common stock	(3)	—	—	(384)	—	—	—	—	(384)
Net earnings attributable to noncontrolling interests	—	—	—	—	—	—	—	256	256
Currency translation adjustment on noncontrolling interests	—	—	—	—	—	—	—	(273)	(273)
Purchase of noncontrolling interest, net of taxes	—	—	—	—	—	—	—	1	1
Currency translation adjustment	—	—	—	—	(253,729)	—	—	—	(253,729)
Prior pension and post-retirement benefit service cost and actuarial gain	—	—	—	—	65	—	—	—	65
Net earnings	—	—	—	(533,969)	—	—	—	—	(533,969)
Balances as of October 1, 2022	70,875	$709	$1,925,894	$7,376,304	($1,268,663)	(7,341)	($215,491)	$6,304	$7,825,057

The following tables reflect the changes in stockholders’ equity for the nine months ended September 30, 2023 and October 1, 2022 (in thousands).

	Total Stockholders’ Equity
	Common Stock		Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock		Noncontrolling Interest	Total Stockholders’ Equity
	Shares	Amount				Shares	Amount
Balances as of December 31, 2022	70,875	$709	$1,930,789	$7,409,760	($1,114,258)	(7,341)	($215,491)	$6,405	$8,017,914
Shares issued under employee and director stock plans, net of shares withheld to pay taxes on employees’ equity awards	145	1	(4,001)	—	—	3	94	—	(3,906)
Stock-based compensation expense	—	—	15,733	—	—	—	—	—	15,733
Net earnings attributable to noncontrolling interests	—	—	—	—	—	—	—	205	205
Currency translation adjustment on noncontrolling interests	—	—	—	—	—	—	—	(584)	(584)
Purchase of noncontrolling interest, net of taxes	—	—	53	—	—	—	—	(153)	(100)
Currency translation adjustment	—	—	—	—	(178,348)	—	—	—	(178,348)
Prior pension and post-retirement benefit service cost and actuarial loss	—	—	—	—	(520)	—	—	—	(520)
Net earnings	—	—	—	(579,004)	—	—	—	—	(579,004)
Balances as of September 30, 2023	71,020	$710	$1,942,574	$6,830,756	($1,293,126)	(7,338)	($215,397)	$5,873	$7,271,390

	Total Stockholders’ Equity
	Common Stock		Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock		Noncontrolling Interest	Total Stockholders’ Equity
	Shares	Amount				Shares	Amount
Balances as of 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, net of shares withheld to pay taxes on employees’ equity awards	107	1	(3,297)	—	—	2	56	—	(3,240)
Stock-based compensation expense	—	—	17,488	—	—	—	—	—	17,488
Repurchases of common stock	(2,184)	(21)	—	(307,551)	—	—	—	—	(307,572)
Net earnings attributable to noncontrolling interests	—	—	—	—	—	—	—	440	440
Currency translation adjustment on noncontrolling interests	—	—	—	—	—	—	—	(1)	(1)
Purchase of noncontrolling interest, net of taxes	—	—	572	—	—	—	—	(926)	(354)
Currency translation adjustment	—	—		—	(302,383)	—	—	—	(302,383)
Prior pension and post-retirement benefit service cost and actuarial gain	—	—	—	—	672	—	—	—	672
Net earnings	—	—	—	(8,209)	—	—	—	—	(8,209)
Balances as of October 1, 2022	70,875	$709	$1,925,894	$7,376,304	($1,268,663)	(7,341)	($215,491)	$6,304	$7,825,057