0001359841-21-000155 | 10-Q | XBRL Viewer

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Cover Page - shares	6 Months Ended
Cover Page - shares	Jul. 03, 2021	Jul. 30, 2021
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Entity Central Index Key	0001359841
Current Fiscal Year End Date	--01-01
Document Quarterly Report	true
Document Period End Date	Jul. 03, 2021
Document Transition Report	false
Entity File Number	001-32891
Entity Registrant Name	Hanesbrands Inc.
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	20-3552316
Entity Address, Address Line One	1000 East Hanes Mill Road
Entity Address, City or Town	Winston-Salem,
Entity Address, State or Province	NC
Entity Address, Postal Zip Code	27105
City Area Code	336
Local Phone Number	519-8080
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Title of 12(b) Security	Common Stock, Par Value $0.01
Trading Symbol	HBI
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding		349,151,707

Condensed Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 03, 2021	Jun. 27, 2020	Jul. 03, 2021	Jun. 27, 2020
Income Statement [Abstract]
Net sales	$ 1,751,311	$ 1,543,083	$ 3,259,340	$ 2,746,153
Cost of sales	1,069,682	1,029,221	1,975,030	1,814,123
Gross profit	681,629	513,862	1,284,310	932,030
Selling, general and administrative expenses	464,235	311,729	876,794	681,944
Operating profit	217,394	202,133	407,516	250,086
Other expenses	1,855	4,653	4,416	10,754
Interest expense, net	42,440	41,075	86,900	77,102
Income from continuing operations before income tax expense	173,099	156,405	316,200	162,230
Income tax expense	25,236	19,837	39,933	20,544
Income from continuing operations	147,863	136,568	276,267	141,686
Income (loss) from discontinued operations, net of tax	(19,187)	24,613	(410,853)	11,621
Net income (loss)	$ 128,676	$ 161,181	$ (134,586)	$ 153,307
Earnings (loss) per share, basic [Abstract]
Continuing operations	$ 0.42	$ 0.39	$ 0.79	$ 0.40
Discontinued operations	(0.05)	0.07	(1.17)	0.03
Net income (loss)	0.37	0.46	(0.38)	0.43
Earnings (loss) per share, diluted [Abstract]
Continuing operations	0.42	0.39	0.79	0.40
Discontinued operations	(0.05)	0.07	(1.17)	0.03
Net income (loss)	$ 0.37	$ 0.46	$ (0.38)	$ 0.43

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 03, 2021	Jun. 27, 2020	Jul. 03, 2021	Jun. 27, 2020
Condensed Consolidated Statements Of Comprehensive Income (Unaudited) [Abstract]
Net income (loss)	$ 128,676	$ 161,181	$ (134,586)	$ 153,307
Other comprehensive income (loss):
Translation adjustments	(11,231)	95,033	(36,432)	(22,121)
Unrealized gain (loss) on qualifying cash flow hedges, net of tax of $(1,140), $4,031, $(6,316) and $(3,249), respectively	2,856	(6,177)	11,396	1,606
Unrecognized income from pension and postretirement plans, net of tax of $(1,566), $(1,794), $(3,615) and $(3,066), respectively	4,332	3,560	11,067	7,154
Total other comprehensive income (loss)	(4,043)	92,416	(13,969)	(13,361)
Comprehensive income (loss)	$ 124,633	$ 253,597	$ (148,555)	$ 139,946

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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- Definition

Amount after tax and reclassification adjustments of other comprehensive income (loss).

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Condensed Consolidated Statements of Comprehensive Income (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 03, 2021	Jun. 27, 2020	Jul. 03, 2021	Jun. 27, 2020
Condensed Consolidated Statements Of Comprehensive Income (Unaudited) [Abstract]
Tax portion of unrealized gain (loss) on qualifying cash flow hedges	$ (1,140)	$ 4,031	$ (6,316)	$ (3,249)
Tax portion of unrecognized income from pension and postretirement plans	$ (1,566)	$ (1,794)	$ (3,615)	$ (3,066)

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jul. 03, 2021	Jan. 02, 2021	Jun. 27, 2020
Assets
Cash and cash equivalents	$ 667,298	$ 900,615	$ 556,099
Trade accounts receivable, net	960,993	768,221	1,139,130
Inventories	1,530,622	1,367,758	1,774,139
Other current assets	159,715	158,700	171,435
Current assets of discontinued operations	301,986	234,086	401,347
Total current assets	3,620,614	3,429,380	4,042,150
Property, net	446,356	477,821	496,933
Right-of-use assets	398,526	432,631	438,683
Trademarks and other identifiable intangibles, net	1,258,783	1,293,847	1,196,359
Goodwill	1,148,021	1,158,938	1,144,739
Deferred tax assets	351,309	367,976	193,100
Other noncurrent assets	54,380	64,773	118,296
Noncurrent assets of discontinued operations	0	494,501	493,045
Total assets	7,277,989	7,719,867	8,123,305
Liabilities and Stockholders’ Equity
Accounts payable	1,171,645	891,868	1,101,438
Accrued liabilities	628,007	609,864	452,763
Lease liabilities	129,053	136,510	147,406
Notes payable	0	0	13
Current portion of long-term debt	37,500	263,936	0
Current liabilities of discontinued operations	289,751	222,183	310,972
Total current liabilities	2,255,956	2,124,361	2,012,592
Long-term debt	3,647,482	3,739,434	3,985,631
Lease liabilities - noncurrent	299,380	331,577	330,599
Pension and postretirement benefits	327,597	381,457	328,647
Other noncurrent liabilities	185,384	216,091	270,152
Noncurrent liabilities of discontinued operations	0	112,989	116,364
Total liabilities	6,715,799	6,905,909	7,043,985
Stockholders’ equity:
Preferred stock (50,000,000 authorized shares; $.01 par value) Issued and outstanding - None	0	0	0
Common stock (2,000,000,000 authorized shares; $.01 par value) Issued and outstanding - 349,115,411, 348,802,220, and 348,092,986, respectively	3,491	3,488	3,481
Additional paid-in capital	310,148	307,883	302,522
Retained earnings	829,479	1,069,546	1,404,326
Accumulated other comprehensive loss	(580,928)	(566,959)	(631,009)
Total stockholders’ equity	562,190	813,958	1,079,320
Total liabilities and stockholders’ equity	$ 7,277,989	$ 7,719,867	$ 8,123,305

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Jul. 03, 2021	Jan. 02, 2021	Jun. 27, 2020
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01	$ 0.01
Preferred stock, shares authorized	50,000,000	50,000,000	50,000,000
Preferred stock, shares issued	0	0	0
Preferred stock, shares outstanding	0	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01	$ 0.01
Common stock, shares authorized	2,000,000,000	2,000,000,000	2,000,000,000
Common stock, shares issued	349,115,441	348,802,220	348,092,986
Common stock, shares outstanding	349,115,441	348,802,220	348,092,986

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Loss
Beginning Balance at Dec. 28, 2019	$ 1,236,595	$ 3,624	$ 304,395	$ 1,546,224	$ (617,648)
Beginning Balance, Shares at Dec. 28, 2019		362,449,000
Net income (loss)	153,307			153,307
Dividends	$ (107,336)			(107,336)
Dividends, per common share	$ 0.30
Other comprehensive income (loss)	$ (13,361)				(13,361)
Stock-based compensation	9,034		9,034
Net exercise of stock options, vesting of restricted stock units and other, shares		108,000
Net exercise of stock options, vesting of restricted stock units and other	1,350	$ 2	1,348
Share repurchases, shares		(14,464,000)
Share repurchases	(200,269)	$ (145)	(12,255)	(187,869)
Ending Balance at Jun. 27, 2020	$ 1,079,320	$ 3,481	302,522	1,404,326	(631,009)
Ending Balance, Shares at Jun. 27, 2020	348,092,986	348,093,000
Dividends, Per Share, Declared	$ 0.30
Beginning Balance at Mar. 28, 2020	$ 873,571	$ 3,480	297,456	1,296,060	(723,425)
Beginning Balance, Shares at Mar. 28, 2020		348,035,000
Net income (loss)	161,181			161,181
Dividends	$ (52,915)			(52,915)
Dividends, per common share	$ 0.15
Other comprehensive income (loss)	$ 92,416				92,416
Stock-based compensation	4,393		4,393
Net exercise of stock options, vesting of restricted stock units and other, shares		58,000
Net exercise of stock options, vesting of restricted stock units and other	674	$ 1	673
Ending Balance at Jun. 27, 2020	$ 1,079,320	$ 3,481	302,522	1,404,326	(631,009)
Ending Balance, Shares at Jun. 27, 2020	348,092,986	348,093,000
Dividends, Per Share, Declared	$ 0.15
Beginning Balance at Jan. 02, 2021	$ 813,958	$ 3,488	307,883	1,069,546	(566,959)
Beginning Balance, Shares at Jan. 02, 2021	348,802,220	348,802,000
Net income (loss)	$ (134,586)			(134,586)
Dividends	$ (105,481)			(105,481)
Dividends, per common share	$ 0.30
Other comprehensive income (loss)	$ (13,969)				(13,969)
Stock-based compensation	3,808		3,808
Net exercise of stock options, vesting of restricted stock units and other, shares		313,000
Net exercise of stock options, vesting of restricted stock units and other	(1,540)	$ 3	(1,543)
Ending Balance at Jul. 03, 2021	$ 562,190	$ 3,491	310,148	829,479	(580,928)
Ending Balance, Shares at Jul. 03, 2021	349,115,441	349,115,000
Dividends, Per Share, Declared	$ 0.30
Beginning Balance at Apr. 03, 2021	$ 484,481	$ 3,491	304,090	753,785	(576,885)
Beginning Balance, Shares at Apr. 03, 2021		349,090,000
Net income (loss)	128,676			128,676
Dividends	$ (52,982)			(52,982)
Dividends, per common share	$ 0.15
Other comprehensive income (loss)	$ (4,043)				(4,043)
Stock-based compensation	5,342		5,342
Net exercise of stock options, vesting of restricted stock units and other, shares		25,000
Net exercise of stock options, vesting of restricted stock units and other	716	$ 0	716
Ending Balance at Jul. 03, 2021	$ 562,190	$ 3,491	$ 310,148	$ 829,479	$ (580,928)
Ending Balance, Shares at Jul. 03, 2021	349,115,441	349,115,000
Dividends, Per Share, Declared	$ 0.15

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jul. 03, 2021	Jun. 27, 2020	Jul. 03, 2021	Jun. 27, 2020	Jan. 02, 2021
Operating activities:
Net income (loss)	$ 128,676	$ 161,181	$ (134,586)	$ 153,307
Adjustments to reconcile net income (loss) to net cash from operating activities:
Depreciation			43,565	45,399
Amortization of acquisition intangibles			10,978	12,199
Other amortization			5,814	5,107
Impairment of intangible assets and goodwill			163,047	20,319
Loss on classification of assets held for sale	9,828	0	236,180	0
Amortization of debt issuance costs			7,669	5,119
Other			(14,224)	16,247
Changes in assets and liabilities:
Accounts receivable			(200,106)	(392,134)
Inventories			(175,149)	(61,409)
Other assets			4,451	(31,570)
Accounts payable			300,318	210,338
Accrued pension and postretirement benefits			(39,176)	(19,318)
Accrued liabilities and other			3,475	18,603
Net cash from operating activities			212,256	(17,793)
Investing activities:
Capital expenditures			(25,331)	(46,512)
Proceeds from sales of assets			2,455	66
Other			6,937	5,823
Net cash from investing activities			(15,939)	(40,623)
Financing activities:
Repayments on Term Loan Facilities			(306,250)	0
Borrowings on Accounts Receivable Securitization Facility			0	227,061
Repayments on Accounts Receivable Securitization Facility			0	(227,061)
Borrowings on Revolving Loan Facilities			0	1,638,000
Repayments on Revolving Loan Facilities			0	(1,638,000)
Borrowings on Senior Notes			0	700,000
Borrowings on International Debt			0	31,222
Borrowings on notes payable			42,638	116,669
Repayments on notes payable			(43,066)	(112,373)
Share repurchases			0	(200,269)
Cash dividends paid			(104,719)	(105,896)
Other			(2,524)	(14,035)
Net cash from financing activities			(413,921)	415,318
Effect of changes in foreign exchange rates on cash			(16,780)	(2,669)
Change in cash, cash equivalents and restricted cash			(234,384)	354,233
Cash, cash equivalents and restricted cash at beginning of year			910,603	329,923	$ 329,923
Cash, cash equivalents and restricted cash at end of period	676,219	684,156	676,219	684,156	910,603
Less restricted cash at end of period	0	1,042	0	1,042
Cash and cash equivalents at end of period	676,219	683,114	676,219	683,114
Balances included in the Condensed Consolidated Balance Sheets [Abstract]
Cash and cash equivalents	667,298	556,099	667,298	556,099	900,615
Cash and cash equivalents, included in current assets of discontinued operations	8,921	127,015	8,921	127,015	8,822
Cash and cash equivalents at end of period	$ 676,219	$ 683,114	676,219	683,114
Supplemental Cash Flow Information [Abstract]
Capital expenditures included in accounts payable at end of period			11,477		$ 17,931
Right-of-Use assets obtained in exchange for lease obligations			$ 37,725	$ 23,769

Basis of Presentation	6 Months Ended
Basis of Presentation	Jul. 03, 2021
Basis of Presentation [Abstract]
Basis of Presentation	Basis of Presentation These statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) and, in accordance with those rules and regulations, do not include all information and footnote disclosures normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). Management believes that the disclosures made are adequate for a fair statement of the results of operations, financial condition and cash flows of Hanesbrands Inc. and its consolidated subsidiaries (the “Company” or “Hanesbrands”). In the opinion of management, the condensed consolidated interim financial statements reflect all adjustments, which consist only of normal recurring adjustments, necessary to state fairly the results of operations, financial condition and cash flows for the interim periods presented herein. The preparation of condensed consolidated interim financial statements in conformity with GAAP requires management to make use of estimates and assumptions that affect the reported amounts and disclosures. Actual results may vary from these estimates. These condensed consolidated interim financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended January 2, 2021. The year-end condensed balance sheet data was derived from audited financial statements, but does not include all disclosures required by GAAP. The results of operations for any interim period are not necessarily indicative of the results of operations to be expected for the full year. In the first quarter of 2021, the Company announced that as part of its strategic plan, it was exploring alternatives for its European Innerwear business and subsequently reached the decision to exit this business. The Company determined that its European Innerwear business met held-for-sale and discontinued operations accounting criteria at the end of the first quarter of 2021. Accordingly, the Company began to separately report the results of its European Innerwear business as discontinued operations in its Condensed Consolidated Statements of Income, and to present the related assets and liabilities as held for sale in the Condensed Consolidated Balance Sheets. These changes have been applied to all periods presented. Unless otherwise noted, discussion within these notes to the condensed consolidated interim financial statements relates to continuing operations. See note “Discontinued Operations” for additional information.

Recent Accounting Pronouncements	6 Months Ended
Recent Accounting Pronouncements	Jul. 03, 2021
Accounting Standards Update and Change in Accounting Principle [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements Income Taxes In December 2019, the FASB issued ASU 2019-12, “Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes.” The new accounting rules reduce complexity by removing specific exceptions to general principles related to intraperiod tax allocations, ownership changes in foreign investments, and interim period income tax accounting for year-to-date losses that exceed anticipated losses. The new accounting rules also simplify accounting for franchise taxes that are partially based on income, transactions with a government that result in a step up in the tax basis of goodwill, separate financial statements of legal entities that are not subject to tax, and enacted changes in tax laws in interim periods. The new accounting rules were effective for the Company in the first quarter of 2021. The adoption of the new accounting rules did not have a material impact on the Company’s financial condition, results of operations, cash flows or disclosures. Reference Rate Reform In March 2020, the FASB issued ASU 2020-04, “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting.” In January 2021, the FASB clarified the scope of that guidance with the issuance of ASU 2021-01, “Reference Rate Reform: Scope.” The new accounting rules provide optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform. The amendments in this standard can be adopted any time before the fourth quarter of 2022. The Company is currently in the process of evaluating the impact of adoption of the new rules on the Company’s financial condition, results of operations, cash flows and disclosures. Codification Improvements In October 2020, the FASB issued ASU 2020-10, “Codification Improvements.” The new accounting rules improve the consistency of the Codification by including all disclosure guidance in the appropriate Disclosure Section (Section 50) that had only been included in the Other Presentation Matters Section (Section 45) of the Codification. Additionally, the new rules also clarify guidance across various topics including defined benefit plans, foreign currency transactions, and interest expense. The new accounting rules were effective for the Company in the first quarter of 2021. The adoption of the new accounting rules did not have a material impact on the Company’s financial condition, results of operations, cash flows or disclosures.

- Definition

The entire disclosure for change in accounting principle. Includes, but is not limited to, nature, reason, and method of adopting amendment to accounting standards or other change in accounting principle.

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+ Details

Discontinued Operations

6 Months Ended

Jul. 03, 2021

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations, Disclosure

Discontinued Operations

In the first quarter of 2021, the Company announced that as part of its strategic plan, it was exploring alternatives for its European Innerwear business and subsequently reached the decision to exit this business. The Company determined that its European Innerwear business met held-for-sale and discontinued operations accounting criteria at the end of the first quarter of 2021. Accordingly, the Company began to separately report the results of its European Innerwear business as discontinued operations in its Condensed Consolidated Statements of Income, and to present the related assets and liabilities as held for sale in the Condensed Consolidated Balance Sheets. These changes have been applied to all periods presented. The Company is actively marketing the business to prospective buyers and expects to complete the sale of this business before the end of the first quarter of 2022.

The operations of the European Innerwear business were previously reported primarily in the International segment. Certain expenses related to its operations were included in general corporate expenses, restructuring and other action-related charges and amortization of intangibles which were previously excluded from segment operating profit and have been reclassified to discontinued operations for all periods presented. Discontinued operations does not include any allocation of corporate overhead expense or interest expense.

Upon meeting the criteria for held for sale classification which qualified as a triggering event, the Company performed a full impairment analysis of the disposal group's indefinite-lived intangible assets and goodwill. As a result of the strategic decision to exit the European Innerwear business, a strategic review was completed in the first quarter of 2021 with revised forecasts to include updated market conditions and the removal of strategic operating decisions that would no longer occur under the Company's ownership. The revised forecasts indicated impairment charges of certain indefinite-lived trademarks and license agreements as well as the full goodwill balance. A non-cash charge of $155,745 was recorded as "Impairment of intangible assets and goodwill" in the summarized discontinued operations financial information for the six months ended July 3, 2021. In addition, the Company recorded non-cash charges of $9,828 and $236,180 as "Loss on classification of assets held for sale" in the summarized discontinued operations financial information for the quarter and the six months ended July 3, 2021, respectively, to record a valuation allowance against the net assets held for sale to write down the carrying value of the disposal group to the estimated fair value less costs of disposal. The non-cash charge recorded in the quarter ended July 3, 2021 resulted from changes in working capital balances and foreign exchange rates. The Company will continue to assess the valuation allowance in each interim period until the European Innerwear business is sold. Additionally, the Company recorded an impairment charge of $7,302 in continuing operations on an indefinite-lived trademark for the six months ended July 3, 2021 which is reflected in the “Selling, general and administrative expenses” line in the Condensed Consolidated Statement of Income. This charge relates to the full impairment of an indefinite-lived trademark related to a specific brand within the European Innerwear business that was excluded from the disposal group as it is not being marketed for sale. The Company intends to exit this brand subsequent to the sale of the European Innerwear business.

During the second quarter of 2020, the Company completed a quantitative impairment analysis for certain indefinite-lived intangible assets as a result of the significant impact of the COVID-19 pandemic on their performance. Based on this analysis, the Company recorded impairment charges of $20,319 on certain indefinite-lived trademarks and other intangible assets within the European Innerwear business which are reflected in the “Impairment of intangible assets and goodwill” line in the summarized discontinued operations financial information for the quarter and six months ended June 27, 2020.

The Company expects to continue certain sales from its supply chain to the European Innerwear business after the sale of the business. Those sales and the related profit are included in continuing operations in the Condensed Consolidated Statements of Income and in “Other” in note “Business Segment Information” in all periods presented and have not been eliminated as intercompany transactions in consolidation. The related receivables from the European Innerwear business have been reclassified to “Trade accounts receivable, net” in the Condensed Consolidated Balance Sheets for all periods presented.

The operating results of the discontinued operations only reflect revenues and expenses that are directly attributable to the European Innerwear business that will be eliminated from continuing operations. The key components from discontinued operations related to the European Innerwear business are as follows:


	Quarters Ended				Six Months Ended
	July 3, 2021		June 27, 2020		July 3, 2021		June 27, 2020
Net sales	$	117,506	$	205,591	$	253,351	$	333,262
Cost of sales	63,137		86,441		138,660		158,548
Gross profit	54,369		119,150		114,691		174,714
Selling, general and administrative expenses	61,134		59,428		144,526		128,815
Impairment of intangible assets and goodwill	—		20,319		155,745		20,319
Loss on classification of assets held for sale	9,828		—		236,180		—
Operating income (loss)	(16,593)		39,403		(421,760)		25,580
Other expenses	280		397		614		786
Interest expense, net	69		584		159		1,406
Income (loss) from discontinued operations before income tax expense	(16,942)		38,422		(422,533)		23,388
Income tax expense (benefit)	2,245		13,809		(11,680)		11,767
Net income (loss) from discontinued operations, net of tax	$	(19,187)	$	24,613	$	(410,853)	$	11,621

Assets and liabilities of discontinued operations classified as held for sale in the Condensed Consolidated Balance Sheets as of July 3, 2021, January 2, 2021 and June 27, 2020 consist of the following:


	July 3, 2021		January 2, 2021(1)		June 27, 2020(1)
Cash and cash equivalents	$	8,921	$	8,822	$	127,015
Trade accounts receivable, net	70,432		84,632		68,041
Inventories	119,627		123,337		184,304
Other current assets	15,114		17,295		21,987
Property, net	63,222		67,950		68,916
Right-of-use assets	34,051		34,637		40,994
Trademarks and other identifiable intangibles, net	211,534		284,170		282,362
Goodwill	—		96,692		88,445
Deferred tax assets	10,376		5,438		6,947
Other noncurrent assets	4,421		5,614		5,381
Allowance to adjust assets to estimated fair value, less costs of disposal	(235,712)		—		—
Total assets of discontinued operations	$	301,986	$	728,587	$	894,392

Accounts payable	$	70,185	$	77,636	$	61,179
Accrued liabilities	111,321		133,431		115,465
Lease liabilities	8,693		10,332		13,026
Notes payable	377		784		8,790
Current portion of long-term debt	—		—		112,512
Lease liabilities - noncurrent	26,766		28,775		31,971
Pension and postretirement benefits	44,328		46,569		45,405
Other noncurrent liabilities	28,081		37,645		38,988
Total liabilities of discontinued operations	$	289,751	$	335,172	$	427,336

(1)Amounts at January 2, 2021 and June 27, 2020 have been classified as current and long-term in the Condensed Consolidated Balance Sheets.

The cash flows related to discontinued operations have not been segregated and are included in the Condensed Consolidated Statements of Cash Flows. The following table presents cash flow and non-cash information related to discontinued operations:


	Quarters Ended				Six Months Ended
	July 3, 2021		June 27, 2020		July 3, 2021		June 27, 2020
Depreciation	$	—	$	2,682	$	2,608	$	5,347
Amortization	—		1,262		1,460		2,544
Capital expenditures	735		1,862		4,070		5,400
Impairment of intangible assets and goodwill	—		20,319		155,745		20,319
Loss on classification of assets held for sale	9,828		—		236,180		—
Other investing activities	1,580		615		3,374		1,831
Capital expenditures included in accounts payable at end of period	486		264		486		264
Right-of-use assets obtained in exchange for lease obligations	1,642		—		3,137		201

Revenue Recognition

6 Months Ended

Jul. 03, 2021

Revenue from Contract with Customer [Abstract]

Revenue Recognition

Revenue is recognized when obligations under the terms of a contract with a customer are satisfied, which occurs at a point in time, upon either shipment or delivery to the customer. Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring goods, which includes estimates for variable consideration. Variable consideration includes trade discounts, rebates, volume-based incentives, cooperative advertising and product returns, which are offered within contracts between the Company and its customers, employing the practical expedient for contract costs. Incidental items that are immaterial to the context of the contract are recognized as expense at the transaction date.

The following table presents the Company’s revenues disaggregated by the customer’s method of purchase:


	Quarters Ended				Six Months Ended
	July 3, 2021		June 27, 2020		July 3, 2021		June 27, 2020
Third-party brick-and-mortar wholesale	$	1,233,531	$	1,164,078	$	2,258,270	$	2,050,613
Consumer-directed	517,780		379,005		1,001,070		695,540
Total net sales	$	1,751,311	$	1,543,083	$	3,259,340	$	2,746,153

Revenue Sources

Third-Party Brick-and-Mortar Wholesale Revenue

Third-party brick-and-mortar wholesale revenue is primarily generated by sales of the Company’s products to retailers to support their brick-and-mortar operations. Also included within third-party brick-and-mortar wholesale revenue is royalty revenue from licensing agreements. The Company earns royalties through license agreements with manufacturers of other consumer products that incorporate certain of the Company’s brands. The Company accrues revenue earned under these contracts based upon reported sales from the licensees. Additionally, in the quarter and six months ended June 27, 2020, third-party brick-and-mortar wholesale revenue included $514,256 of revenue from contracts with governments generated from the sale of both cloth face coverings and gowns for use during the COVID-19 pandemic. Receivables from government contracts of $484,162 were included in “Trade accounts receivable, net” in the Company’s Condensed Consolidated Balance Sheet at June 27, 2020.

Consumer-Directed Revenue

Consumer-directed revenue is primarily generated through sales driven directly by the consumer through company-operated stores and e-commerce platforms, which include both owned sites and the sites of the Company’s retail customers.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-URI http://asc.fasb.org/topic&trid=49130388

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130551-203045

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
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-Section 50
-Paragraph 13
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 12
-Subparagraph (e)
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-Section 50
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-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

+ Details

Stockholders' Equity

6 Months Ended

Jul. 03, 2021

Equity [Abstract]

Stockholders' Equity

Stockholders’ Equity

Basic earnings per share (“EPS”) was computed by dividing net income (loss) by the number of weighted average shares of common stock outstanding during the period. Diluted EPS was calculated to give effect to all potentially issuable dilutive shares of common stock using the treasury stock method.

The reconciliation of basic to diluted weighted average shares outstanding is as follows:


	Quarters Ended		Six Months Ended
	July 3, 2021	June 27, 2020	July 3, 2021	June 27, 2020
Basic weighted average shares outstanding	350,987	350,538	350,995	354,778
Effect of potentially dilutive securities:
Stock options	24	143	16	182
Restricted stock units	1,039	143	855	165
Employee stock purchase plan and other	2	5	3	8
Diluted weighted average shares outstanding	352,052	350,829	351,869	355,133

The following securities were excluded from the diluted earnings per share calculation because their effect would be anti-dilutive:


	Quarters Ended		Six Months Ended
	July 3, 2021	June 27, 2020	July 3, 2021	June 27, 2020
Stock options	83	—	167	—
Restricted stock units	45	1,599	44	1,330

On July 27, 2021, the Company’s Board of Directors declared a regular quarterly cash dividend of $0.15 per share on outstanding shares of common stock to be paid on August 31, 2021 to stockholders of record at the close of business on August 10, 2021.

On February 6, 2020, the Company’s Board of Directors approved a new share repurchase program for up to 40,000 shares to be repurchased in open market transactions, subject to market conditions, legal requirements and other factors. Additionally, management has been granted authority to establish one or more trading plans under Rule 10b5-1 of the Exchange Act in connection with share repurchases, which will allow the Company to repurchase shares in the open market during periods in which the stock trading window is otherwise closed for the Company and certain of the Company’s officers and employees pursuant to the Company’s insider trading policy. Unless terminated earlier by the Company’s Board of Directors, the new program will expire when the Company has repurchased all shares authorized for repurchase under the new program. The new program replaced the Company’s previous share repurchase program for up to 40,000 shares that was originally approved in 2016. For the quarters ended July 3, 2021 and June 27, 2020 and the six months ended July 3, 2021, the Company did not enter into any transactions to repurchase shares under the new program. For the six months ended June 27, 2020, the Company entered into transactions to repurchase 14,464 shares at a weighted average repurchase price of $13.83 per share under the new program. The shares were repurchased at a total cost of $200,269. At July 3, 2021, the remaining repurchase authorization under the current share repurchase program totaled 25,536 shares. The primary objective of the share repurchase program is to utilize excess cash to generate shareholder value. Share repurchases were previously prohibited under the Senior Secured Credit Facility as a result of the amendment signed in April 2020. The Company terminated such amendment when it submitted its April 3, 2021 compliance certificate in order to reduce interest expense and increase flexibility for restricted payments, investments, indebtedness, and permitted acquisitions. See Note “Debt” for additional information on the Company’s debt facilities.

Inventories

6 Months Ended

Jul. 03, 2021

Inventory Disclosure [Abstract]

Inventories

Inventories consisted of the following:


	July 3, 2021		January 2, 2021		June 27, 2020
Raw materials	$	72,436	$	67,111	$	80,610
Work in process	101,862		108,844		127,924
Finished goods	1,356,324		1,191,803		1,565,605
	$	1,530,622	$	1,367,758	$	1,774,139

Debt

6 Months Ended

Jul. 03, 2021

Debt Disclosure [Abstract]

Debt

Debt consisted of the following:


	Interest Rate as of July 3, 2021	Principal Amount				Maturity Date
		July 3, 2021		January 2, 2021
Senior Secured Credit Facility:
Revolving Loan Facility	—	$	—	$	—	December 2022

Term Loan A	1.34%	618,750		625,000		December 2022
Term Loan B	—	—		300,000		December 2024

Australian Revolving Loan Facility	—	—		—		July 2022
5.375% Senior Notes	5.38%	700,000		700,000		May 2025
4.875% Senior Notes	4.88%	900,000		900,000		May 2026
4.625% Senior Notes	4.63%	900,000		900,000		May 2024
3.5% Senior Notes	3.50%	593,261		610,724		June 2024
Accounts Receivable Securitization Facility	—	—		—		June 2022
Total debt		3,712,011		4,035,724
Less long-term debt issuance costs		27,029		32,354
Less current maturities		37,500		263,936
Total long-term debt		$	3,647,482	$	3,739,434

As of July 3, 2021, the Company had $995,824 of borrowing availability under the $1,000,000 Revolving Loan Facility after taking into account $4,176 of standby and trade letters of credit issued and outstanding under this facility. In March 2021, the Company repaid the outstanding balance of Term Loan B which consisted of a required excess cash flow prepayment of $238,936 and a voluntary prepayment of $61,064.

The Company’s accounts receivable securitization facility (the “Accounts Receivable Securitization Facility”) entered into in November 2007 was amended in March 2021. The latest amendment decreased the fluctuating facility limit to $175,000 (previously $225,000) and extended the maturity date to June 2022. Additionally, the amendment changed certain ratios and borrowing base calculations, raised pricing and added certain receivables to the pledged collateral pool for the facility. Borrowings under the Accounts Receivable Securitization Facility are permitted only to the extent that the face of the receivables in the collateral pool, net of applicable reserves and other deductions, exceeds the outstanding loans and also subject to a fluctuating facility limit, not to exceed $175,000. The Company’s maximum borrowing capacity under the Accounts Receivable Securitization Facility was $150,000 as of July 3, 2021. The Company had $88,833 of borrowing availability under the Accounts Receivable Securitization Facility at July 3, 2021.

The Company had $44,994 of borrowing availability under the Australian Revolving Loan Facility and $33,610 of borrowing availability under other international credit facilities after taking into account outstanding borrowings and letters of credit outstanding under the applicable facilities at July 3, 2021. The Australian Revolving Loan Facility, originally entered into in July 2016, was amended in July 2021 to extend the maturity date to July 2022 and to reduce the bilateral cash advance limit from A$50,000 to A$46,000 with an offsetting increase in the bank overdraft limit from A$10,000 to A$14,000.

In April 2020, given the rapidly changing business environment and level of uncertainty being created by the COVID-19 pandemic and the associated impact on future earnings, the Company amended its Senior Secured Credit Facility prior to any

potential covenant violation in order to modify the financial covenants and to provide operating flexibility during the COVID-19 crisis. The amendment changed certain provisions and covenants under the Senior Secured Credit Facility through the fiscal quarter ended July 3, 2021, after which the covenants were to revert to their original, pre-amendment levels. The Company voluntarily terminated the covenant relief amendment when it submitted its April 3, 2021 compliance certificate in order to reduce interest expense and increase flexibility for restricted payments, investments, indebtedness, and permitted acquisitions. After termination, the covenants reverted to their original, pre-amendment levels for the fiscal quarter ended July 3, 2021.

As of July 3, 2021, the Company was in compliance with all financial covenants under its credit facilities and other outstanding indebtedness. Under the terms of its Senior Secured Credit Facility, among other financial and non-financial covenants, the Company is required to maintain a minimum interest coverage ratio and a maximum leverage ratio. The interest coverage ratio covenant is the ratio of the Company’s EBITDA for the preceding four fiscal quarters to its consolidated total interest expense and the maximum leverage ratio covenant is the ratio of the Company’s net debt to EBITDA for the preceding four fiscal quarters. EBITDA is defined as earnings before interest, income taxes, depreciation expense and amortization, as computed pursuant to the Senior Secured Credit Facility.

The Company expects to maintain compliance with its covenants for at least one year from the date of these financial statements based on its current expectations and forecasts. If economic conditions caused by the COVID-19 pandemic do not continue to improve or otherwise worsen, including as a result of any new virus variants or vaccine distribution or efficacy, and the Company’s earnings and operating cash flows do not continue to recover as currently estimated by management, this could impact the Company’s ability to maintain compliance with its financial covenants and require the Company to seek additional amendments to its Senior Secured Credit Facility. If the Company is not able to obtain such necessary additional amendments, this would lead to an event of default and, if not cured timely, its lenders could require the Company to repay its outstanding debt. In that situation, the Company may not be able to raise sufficient debt or equity capital, or divest assets, to refinance or repay the lenders.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-URI http://asc.fasb.org/topic&trid=2208564

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (h)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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-Section 50
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-Subparagraph (g)
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
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-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495348-112611

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-Name Accounting Standards Codification
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-Subparagraph (i)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

+ Details

Accumulated Other Comprehensive Loss

6 Months Ended

Jul. 03, 2021

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Loss

The components of accumulated other comprehensive loss (“AOCI”) are as follows:


	Cumulative Translation Adjustment(1)		Cash Flow Hedges		Defined Benefit Plans		Income Taxes		Accumulated Other Comprehensive Loss
Balance at April 3, 2021	$	(78,021)	$	(12,822)	$	(659,946)	$	173,904	$	(576,885)
Amounts reclassified from accumulated other comprehensive loss	—		4,671		6,022		(2,993)		7,700
Current-period other comprehensive income (loss) activity	(11,231)		(675)		(124)		287		(11,743)
Total other comprehensive income (loss)	(11,231)		3,996		5,898		(2,706)		(4,043)

Balance at July 3, 2021	$	(89,252)	$	(8,826)	$	(654,048)	$	171,198	$	(580,928)


	Cumulative Translation Adjustment(1)		Cash Flow Hedges		Defined Benefit Plans		Income Taxes		Accumulated Other Comprehensive Loss
Balance at January 2, 2021	$	(52,820)	$	(26,538)	$	(668,730)	$	181,129	$	(566,959)
Amounts reclassified from accumulated other comprehensive loss	—		9,913		13,107		(5,997)		17,023
Current-period other comprehensive income (loss) activity	(36,432)		7,799		1,575		(3,934)		(30,992)
Total other comprehensive income (loss)	(36,432)		17,712		14,682		(9,931)		(13,969)

Balance at July 3, 2021	$	(89,252)	$	(8,826)	$	(654,048)	$	171,198	$	(580,928)

(1)Cumulative Translation Adjustment includes translation adjustments and net investment hedges. See Note, “Financial Instruments and Risk Management” for additional disclosures about net investment hedges.


	Cumulative Translation Adjustment(1)		Cash Flow Hedges		Defined Benefit Plans		Income Taxes		Accumulated Other Comprehensive Loss
Balance at March 28, 2020	$	(274,292)	$	19,849	$	(624,494)	$	155,512	$	(723,425)
Amounts reclassified from accumulated other comprehensive loss	—		(3,157)		5,423		(416)		1,850
Current-period other comprehensive income (loss) activity	95,033		(7,051)		(69)		2,653		90,566
Total other comprehensive income (loss)	95,033		(10,208)		5,354		2,237		92,416

Balance at June 27, 2020	$	(179,259)	$	9,641	$	(619,140)	$	157,749	$	(631,009)


	Cumulative Translation Adjustment(1)		Cash Flow Hedges		Defined Benefit Plans		Income Taxes		Accumulated Other Comprehensive Loss
Balance at December 28, 2019	$	(157,138)	$	4,786	$	(629,360)	$	164,064	$	(617,648)
Amounts reclassified from accumulated other comprehensive loss	—		(8,174)		10,289		(416)		1,699
Current-period other comprehensive income (loss) activity	(22,121)		13,029		(69)		(5,899)		(15,060)
Total other comprehensive income (loss)	(22,121)		4,855		10,220		(6,315)		(13,361)

Balance at June 27, 2020	$	(179,259)	$	9,641	$	(619,140)	$	157,749	$	(631,009)

The Company had the following reclassifications out of AOCI:


Component of AOCI	Location of Reclassification into Income	Amount of Reclassification from AOCI
		Quarters Ended				Six Months Ended
		July 3, 2021		June 27, 2020		July 3, 2021		June 27, 2020
Gain (loss) on forward foreign exchange contracts designated as cash flow hedges	Cost of sales	$	(5,278)	$	1,758	$	(9,655)	$	4,627
	Income tax	1,444		(483)		2,652		(1,245)
	Income (loss) from discontinued operations, net of tax	(1,278)		1,080		(1,522)		2,718
	Net of tax	(5,112)		2,355		(8,525)		6,100

Gain (loss) on cross-currency swap contracts designated as cash flow hedges	Selling, general and administrative expenses	3,168		—		2,611		—
	Interest expense, net	(1,018)		—		(1,018)		—
	Income tax	(312)		—		(223)		—
	Net of tax	1,838		—		1,370		—

Amortization of deferred actuarial loss and prior service cost	Other expenses	(6,081)		(5,466)		(13,788)		(8,228)
	Income tax	1,596		1,261		3,342		2,494
	Income (loss) from discontinued operations, net of tax	59		—		578		(2,065)
	Net of tax	(4,426)		(4,205)		(9,868)		(7,799)

Total reclassifications		$	(7,700)	$	(1,850)	$	(17,023)	$	(1,699)

Financial Instruments and Risk Management

6 Months Ended

Jul. 03, 2021

Disclosure Financial Instruments and Risk Management [Abstract]

Financial Instruments and Risk Management

The Company uses forward foreign exchange contracts and cross-currency swap contracts to manage its exposures to movements in foreign exchange rates primarily related to the Euro, Australian dollar, Canadian dollar and Mexican peso. The Company also uses a combination of cross-currency swap contracts and long-term debt to manage its exposure to foreign currency risk associated with the Company’s net investment in certain European subsidiaries.


	Hedge Type	July 3, 2021		January 2, 2021
U.S. dollar equivalent notional amount of derivative instruments:
Forward foreign exchange contracts	Cash Flow and Mark to Market	$	355,633	$	617,912
Cross-currency swap contracts	Cash Flow	$	352,920	$	—
Cross-currency swap contracts	Net Investment	$	335,940	$	335,940

Fair Values of Derivative Instruments

The fair values of derivative financial instruments related to forward foreign exchange contracts and cross-currency swap contracts recognized in the Condensed Consolidated Balance Sheets of the Company were as follows:


	Balance Sheet Location	Fair Value
		July 3, 2021		January 2, 2021
Derivatives designated as hedging instruments:
Forward foreign exchange contracts	Other current assets	$	1,989	$	1
Cross-currency swap contracts	Other current assets	970		918
Forward foreign exchange contracts	Current assets of discontinued operations	17		40
Forward foreign exchange contracts	Other noncurrent assets	732		—
Cross-currency swap contracts	Other noncurrent assets	1,723		—
Derivatives not designated as hedging instruments:
Forward foreign exchange contracts	Other current assets	1,545		2,459
Forward foreign exchange contracts	Current assets of discontinued operations	24		198
Total derivative assets		7,000		3,616

Derivatives designated as hedging instruments:
Forward foreign exchange contracts	Accrued liabilities	(2,329)		(12,898)
Cross-currency swap contracts	Accrued liabilities	(223)		—
Forward foreign exchange contracts	Current liabilities of discontinued operations	(321)		(4,747)
Forward foreign exchange contracts	Other noncurrent liabilities	—		(2,190)
Cross-currency swap contracts	Other noncurrent liabilities	(9,300)		(16,526)
Derivatives not designated as hedging instruments:
Forward foreign exchange contracts	Accrued liabilities	(4,151)		(16,488)
Forward foreign exchange contracts	Current liabilities of discontinued operations	(589)		(2,195)
Total derivative liabilities		(16,913)		(55,044)

Net derivative liability		$	(9,913)	$	(51,428)

Cash Flow Hedges

The Company uses forward foreign exchange contracts and cross-currency swap contracts to reduce the effect of fluctuating foreign currencies on foreign currency-denominated transactions, foreign currency-denominated investments and other known foreign currency exposures. Gains and losses on these contracts are intended to offset losses and gains on the hedged transaction in an effort to reduce the earnings volatility resulting from fluctuating foreign currency exchange rates.

On April 1, 2021, in connection with a reduction in the amount of the 3.5% Senior Notes designated in the European net investment hedge discussed below, the Company entered into three pay-fixed rate, receive-fixed rate cross-currency swap contracts with a total notional amount of €300,000. The Company designated these cross-currency swap contracts to hedge the undesignated portion of the foreign currency cash flow exposure related to the Company’s 3.5% Senior Notes, which had a carrying amount of €500,000 as of July 3, 2021. These cross-currency swap contracts, which mature on June 15, 2024, swap Euro-denominated interest payments for U.S. dollar-denominated interest payments, thereby economically converting €300,000 of the Company’s €500,000 fixed-rate 3.5% Senior Notes to a fixed-rate 4.7945% USD-denominated obligation.

The Company expects to reclassify into earnings during the next 12 months a net loss from AOCI of approximately $12,581. The Company is hedging exposure to the variability in future foreign currency-denominated cash flows for forecasted transactions over the next 15 months and for long-term debt over the next 36 months.

The effect of cash flow hedge derivative instruments on the Condensed Consolidated Statements of Income and AOCI is as follows:


	Amount of Gain (Loss) Recognized in AOCI on Derivative Instruments
	Quarters Ended				Six Months Ended
	July 3, 2021		June 27, 2020		July 3, 2021		June 27, 2020

Forward foreign exchange contracts	$	(1,392)	$	(7,051)	$	7,094	$	13,029
Cross-currency swap contracts	717		—		705		—

Total	$	(675)	$	(7,051)	$	7,799	$	13,029


	Location of Gain (Loss) Reclassified from AOCI into Income	Amount of Gain (Loss) Reclassified from AOCI into Income
		Quarters Ended				Six Months Ended
		July 3, 2021		June 27, 2020		July 3, 2021		June 27, 2020


Forward foreign exchange contracts(1)	Cost of sales	$	(5,278)	$	1,758	$	(9,655)	$	4,627
Forward foreign exchange contracts(1)	Income (loss) from discontinued operations, net of tax	(1,543)		1,399		$	(1,851)	$	3,547
Cross-currency swap contracts(1)	Selling, general and administrative expenses	3,168		—		$	2,611	$	—
Cross-currency swap contracts(1)	Interest expense, net	(1,018)		—		$	(1,018)	$	—

Total		$	(4,671)	$	3,157	$	(9,913)	$	8,174

(1)The Company does not exclude amounts from effectiveness testing for cash flow hedges that would require recognition into earnings based on changes in fair value.


	Quarters Ended				Six Months Ended
	July 3, 2021		June 27, 2020		July 3, 2021		June 27, 2020
Total cost of sales in which the effects of cash flow hedges are recorded	$	1,069,682	$	1,029,221	$	1,975,030	$	1,814,123
Total selling, general and administrative expenses in which the effects of cash flow hedges are recorded	$	464,235	$	311,729	$	876,794	$	681,944
Total interest expense, net in which the effects of cash flow hedges are recorded	$	42,440	$	41,075	$	86,900	$	77,102
Total income (loss) from discontinued operations, net of tax in which the effects of cash flow hedges are recorded	$	(19,187)	$	24,613	$	(410,853)	$	11,621

Net Investment Hedges

In July 2019, the Company entered into two pay-fixed rate, receive-fixed rate cross-currency swap contracts with a total notional amount of €300,000 that were designated as hedges of a portion of the beginning balance of the Company’s net investment in certain European subsidiaries. These cross-currency swap contracts, which mature on May 15, 2024, swap U.S. dollar-denominated interest payments for Euro-denominated interest payments, thereby economically converting a portion of the Company’s fixed-rate 4.625% Senior Notes to a fixed-rate 2.3215% Euro-denominated obligation.

In July 2019, the Company also designated the full amount of its 3.5% Senior Notes with a carrying value of €500,000, which is a nonderivative financial instrument, as a hedge of a portion of the beginning balance of the Company’s European net investment. As of April 1, 2021, the Company reduced the amount of its 3.5% Senior Notes designated in the European net investment hedge from €500,000 to €200,000. As of July 3, 2021 and January 2, 2021, the U.S. dollar equivalent carrying value of Euro-denominated long-term debt designated as a partial European net investment hedge was $237,304 and $610,724, respectively.

The amount of after-tax gains (losses) included in AOCI in the Condensed Consolidated Balance Sheets related to derivative instruments and nonderivative financial instruments designated as net investment hedges and the amount of gains included in the “Interest expense, net” line in the Condensed Consolidated Statements of Income related to amounts excluded from the assessment of hedge effectiveness for derivative instruments designated as net investment hedges are as follows:


	Amount of Gain (Loss) Recognized in AOCI
	Quarters Ended				Six Months Ended
	July 3, 2021		June 27, 2020		July 3, 2021		June 27, 2020
Euro-denominated long-term debt	$	(1,544)	$	(4,196)	$	17,756	$	(1,538)
Cross-currency swap contracts	(2,066)		(1,004)		5,307		10,728
Total	$	(3,610)	$	(5,200)	$	23,063	$	9,190


	Location of Gain Recognized in Income	Amount of Gain Recognized in Income (Amount Excluded from Effectiveness Testing)
		Quarters Ended				Six Months Ended
		July 3, 2021		June 27, 2020		July 3, 2021		June 27, 2020
Cross-currency swap contracts	Interest expense, net	$	1,715	$	2,020	$	3,614	$	3,967


		Quarters Ended				Six Months Ended
		July 3, 2021		June 27, 2020		July 3, 2021		June 27, 2020
Total interest expense, net in which the amounts excluded from effectiveness testing for net investment hedges are recorded		$	42,440	$	41,075	$	86,900	$	77,102

Mark to Market Hedges

A derivative used as a hedging instrument whose change in fair value is recognized to act as a hedge against changes in the values of the hedged item is designated as a mark to market hedge. The Company uses forward foreign exchange derivative contracts as hedges against the impact of foreign exchange fluctuations on existing accounts receivable and payable balances and intercompany lending transactions denominated in foreign currencies. Forward foreign exchange derivative contracts are recorded as mark to market hedges when the hedged item is a recorded asset or liability that is revalued in each accounting period. These contracts are not designated as hedges under the accounting standards and are recorded at fair value in the Condensed Consolidated Balance Sheets. Any gains or losses resulting from changes in fair value are recognized directly into earnings. Gains or losses on these contracts largely offset the net remeasurement gains or losses on the related assets and liabilities.

The effect of derivative contracts not designated as hedges on the Condensed Consolidated Statements of Income is as follows:


	Location of Gain (Loss) Recognized in Income on Derivatives	Amount of Gain (Loss) Recognized in Income
		Quarters Ended				Six Months Ended
		July 3, 2021		June 27, 2020		July 3, 2021		June 27, 2020
Forward foreign exchange contracts	Cost of sales	$	5,629	$	(16,081)	$	18,624	$	(9,532)
Forward foreign exchange contracts	Selling, general and administrative expenses	880		1,962		3,091		928
Forward foreign exchange contracts	Income (loss) from discontinued operations, net of tax	1,314		(3,026)		3,953		(3,451)
Total		$	7,823	$	(17,145)	$	25,668	$	(12,055)

Fair Value of Assets and Liabilities

6 Months Ended

Jul. 03, 2021

Fair Value Disclosures [Abstract]

Fair Value of Assets and Liabilities

As of July 3, 2021, the Company held certain financial assets and liabilities that are required to be measured at fair value on a recurring basis. These consisted of the Company’s derivative instruments related to forward foreign exchange derivative contracts, cross-currency swap derivative contracts and deferred compensation plan liabilities. The fair values of forward foreign exchange derivative contracts are determined using the cash flows of the forward contracts, discount rates to account for the passage of time and current foreign exchange market data which are all based on inputs readily available in public markets and are categorized as Level 2. The fair values of cross-currency swap derivative contracts are determined using the cash flows of the swap contracts, discount rates to account for the passage of time, current foreign exchange and interest rate market data and credit risk, which are all based on inputs readily available in public markets and are categorized as Level 2. The fair value of deferred compensation plans is based on readily available current market data and is categorized as Level 2. The Company’s defined benefit pension plan investments are not required to be measured at fair value on a quarterly recurring basis.

There were no changes during the quarter and six months ended July 3, 2021 to the Company’s valuation techniques used to measure asset and liability fair values on a recurring basis. As of and during the quarter and six months ended July 3, 2021, the Company did not have any non-financial assets or liabilities that were required to be measured at fair value on a recurring or non-recurring basis.

The following tables set forth by level within the fair value hierarchy the Company’s financial assets and liabilities within continuing operations accounted for at fair value on a recurring basis.


	Assets (Liabilities) at Fair Value as of July 3, 2021
	Total		Quoted Prices In Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Forward foreign exchange contracts - assets	$	4,266	$	—	$	4,266	$	—
Cross-currency swap contracts - assets	2,693		—		2,693		—
Forward foreign exchange contracts - liabilities	(6,480)		—		(6,480)		—
Cross-currency swap contracts - liabilities	(9,523)		—		(9,523)		—
	(9,044)		—		(9,044)		—
Deferred compensation plan liability	(19,634)		—		(19,634)		—
Total	$	(28,678)	$	—	$	(28,678)	$	—


	Assets (Liabilities) at Fair Value as of January 2, 2021
	Total		Quoted Prices In Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Forward foreign exchange contracts - assets	$	2,460	$	—	$	2,460	$	—
Cross-currency swap contracts - assets	918		—		918		—
Forward foreign exchange contracts - liabilities	(31,576)		—		(31,576)		—
Cross-currency swap contracts - liabilities	(16,526)		—		(16,526)		—
	(44,724)		—		(44,724)		—
Deferred compensation plan liability	(21,878)		—		(21,878)		—
Total	$	(66,602)	$	—	$	(66,602)	$	—

Fair Value of Financial Instruments

The carrying amounts of cash and cash equivalents, trade accounts receivable, notes receivable and accounts payable approximated fair value as of July 3, 2021 and January 2, 2021. The carrying amount of trade accounts receivable included allowance for doubtful accounts, chargebacks and other deductions of $60,504 and $48,745 as of July 3, 2021 and January 2, 2021, respectively. The fair value of debt, which is classified as a Level 2 liability, was $3,921,200 and $4,230,985 as of July 3, 2021 and January 2, 2021, respectively. Debt had a carrying value of $3,712,011 and $4,035,724 as of July 3, 2021 and January 2, 2021, respectively. The fair values were estimated using quoted market prices as provided in secondary markets, which consider the Company’s credit risk and market related conditions. The carrying amount of the Company’s notes payable, which is classified as a Level 2 liability, approximated fair value primarily due to the short-term nature of these instruments.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Income Taxes	6 Months Ended
Income Taxes	Jul. 03, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company’s effective income tax rate was 14.6% and 12.7% for the quarters ended July 3, 2021 and June 27, 2020, respectively. The Company’s effective income tax rate was 12.6% and 12.7% for the six months ended July 3, 2021 and June 27, 2020, respectively. The higher effective tax rate for the quarter ended July 3, 2021 was primarily due to the COVID-19 related change in jurisdictional mix of income experienced during the quarter ended June 27, 2020. The Company is subject to examinations in the U.S., various state and foreign jurisdictions and believes that it maintains appropriate accruals for unrecognized tax benefits related to uncertain tax positions, which are evaluated each quarter. During the six months ended July 3, 2021, the Company’s liability for unrecognized tax benefits, including interest and penalties, decreased by $8,060, of which $6,679 was a discrete reduction of the effective income tax rate. The decrease was related to expirations of statutes of limitations and approvals of certain filings with income tax authorities.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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-Subparagraph (SX 210.4-08(h)(2))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details

Business Segment Information

6 Months Ended

Jul. 03, 2021

Segment Reporting [Abstract]

Business Segment Information

The Company’s operations are managed and reported in three operating segments, each of which is a reportable segment for financial reporting purposes: Innerwear, Activewear and International. These segments are organized principally by product category and geographic location. Each segment has its own management team that is responsible for the operations of the segment’s businesses, but the segments share a common supply chain and media and marketing platforms. Other consists of the Company’s U.S.-based outlet stores, U.S. hosiery business and certain sales from its supply chain to the European Innerwear business.

The types of products and services from which each reportable segment derives its revenues are as follows:

•Innerwear includes sales in the United States of basic branded apparel products that are replenishment in nature under the product categories of men’s underwear, women’s panties, children’s underwear and socks, and intimate apparel, which includes bras and shapewear. Innerwear also includes sales of personal protective equipment including products such as cloth face coverings and gowns in 2020.

•Activewear includes sales in the United States of basic branded products that are primarily seasonal in nature to both retailers and wholesalers, as well as licensed sports apparel and licensed logo apparel in collegiate bookstores, mass retailers and other channels.

•International includes sales of products in all of the Company’s categories outside the United States, primarily in Australasia, Europe, Asia, Canada and Latin America.

The Company evaluates the operating performance of its segments based upon segment operating profit, which is defined as operating profit before general corporate expenses, restructuring and other action-related charges and amortization of intangibles. The accounting policies of the segments are consistent with those described in Note, “Summary of Significant Accounting Policies” to the Company’s consolidated financial statements included in its Annual Report on Form 10-K for the year ended January 2, 2021.


	Quarters Ended				Six Months Ended
	July 3, 2021		June 27, 2020		July 3, 2021		June 27, 2020
Net sales:
Innerwear	$	780,650	$	1,094,814	$	1,351,085	$	1,517,216
Activewear	404,189		168,379		768,192		456,379
International	478,923		251,285		985,184		679,515
Other	87,549		28,605		154,879		93,043
Total net sales	$	1,751,311	$	1,543,083	$	3,259,340	$	2,746,153


	Quarters Ended				Six Months Ended
	July 3, 2021		June 27, 2020		July 3, 2021		June 27, 2020
Segment operating profit:
Innerwear	$	186,169	$	304,524	$	313,586	$	386,075
Activewear	41,047		(5,751)		101,641		2,357
International	61,900		5,162		149,080		55,907
Other	9,220		(11,929)		11,106		(15,322)
Total segment operating profit	298,336		292,006		575,413		429,017
Items not included in segment operating profit:
General corporate expenses	(54,685)		(50,140)		(114,508)		(107,566)
Restructuring and other action-related charges	(18,664)		(32,279)		(38,057)		(56,603)
Amortization of intangibles	(7,593)		(7,454)		(15,332)		(14,762)
Total operating profit	217,394		202,133		407,516		250,086
Other expenses	(1,855)		(4,653)		(4,416)		(10,754)
Interest expense, net	(42,440)		(41,075)		(86,900)		(77,102)
Income from continuing operations before income tax expense	$	173,099	$	156,405	$	316,200	$	162,230

The Company incurred pre-tax restructuring and other action-related charges that were reported in the following lines in the Condensed Consolidated Statements of Income:


	Quarters Ended				Six Months Ended
	July 3, 2021		June 27, 2020		July 3, 2021		June 27, 2020
Cost of sales	$	1,900	$	18,418	$	4,707	$	40,229
Selling, general and administrative expenses	16,764		13,861		33,350		16,374
Total	$	18,664	$	32,279	$	38,057	$	56,603

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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+ Details

Revenue Recognition (Policies)	6 Months Ended
Revenue Recognition (Policies)	Jul. 03, 2021
Revenue from Contract with Customer [Abstract]
Revenue recognition, policy	Revenue is recognized when obligations under the terms of a contract with a customer are satisfied, which occurs at a point in time, upon either shipment or delivery to the customer. Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring goods, which includes estimates for variable consideration. Variable consideration includes trade discounts, rebates, volume-based incentives, cooperative advertising and product returns, which are offered within contracts between the Company and its customers, employing the practical expedient for contract costs. Incidental items that are immaterial to the context of the contract are recognized as expense at the transaction date.

Discontinued Operations (Tables)

6 Months Ended

Jul. 03, 2021

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations


	Quarters Ended				Six Months Ended
	July 3, 2021		June 27, 2020		July 3, 2021		June 27, 2020
Net sales	$	117,506	$	205,591	$	253,351	$	333,262
Cost of sales	63,137		86,441		138,660		158,548
Gross profit	54,369		119,150		114,691		174,714
Selling, general and administrative expenses	61,134		59,428		144,526		128,815
Impairment of intangible assets and goodwill	—		20,319		155,745		20,319
Loss on classification of assets held for sale	9,828		—		236,180		—
Operating income (loss)	(16,593)		39,403		(421,760)		25,580
Other expenses	280		397		614		786
Interest expense, net	69		584		159		1,406
Income (loss) from discontinued operations before income tax expense	(16,942)		38,422		(422,533)		23,388
Income tax expense (benefit)	2,245		13,809		(11,680)		11,767
Net income (loss) from discontinued operations, net of tax	$	(19,187)	$	24,613	$	(410,853)	$	11,621


	July 3, 2021		January 2, 2021(1)		June 27, 2020(1)
Cash and cash equivalents	$	8,921	$	8,822	$	127,015
Trade accounts receivable, net	70,432		84,632		68,041
Inventories	119,627		123,337		184,304
Other current assets	15,114		17,295		21,987
Property, net	63,222		67,950		68,916
Right-of-use assets	34,051		34,637		40,994
Trademarks and other identifiable intangibles, net	211,534		284,170		282,362
Goodwill	—		96,692		88,445
Deferred tax assets	10,376		5,438		6,947
Other noncurrent assets	4,421		5,614		5,381
Allowance to adjust assets to estimated fair value, less costs of disposal	(235,712)		—		—
Total assets of discontinued operations	$	301,986	$	728,587	$	894,392

Accounts payable	$	70,185	$	77,636	$	61,179
Accrued liabilities	111,321		133,431		115,465
Lease liabilities	8,693		10,332		13,026
Notes payable	377		784		8,790
Current portion of long-term debt	—		—		112,512
Lease liabilities - noncurrent	26,766		28,775		31,971
Pension and postretirement benefits	44,328		46,569		45,405
Other noncurrent liabilities	28,081		37,645		38,988
Total liabilities of discontinued operations	$	289,751	$	335,172	$	427,336

(1)Amounts at January 2, 2021 and June 27, 2020 have been classified as current and long-term in the Condensed Consolidated Balance Sheets.


	Quarters Ended				Six Months Ended
	July 3, 2021		June 27, 2020		July 3, 2021		June 27, 2020
Depreciation	$	—	$	2,682	$	2,608	$	5,347
Amortization	—		1,262		1,460		2,544
Capital expenditures	735		1,862		4,070		5,400
Impairment of intangible assets and goodwill	—		20,319		155,745		20,319
Loss on classification of assets held for sale	9,828		—		236,180		—
Other investing activities	1,580		615		3,374		1,831
Capital expenditures included in accounts payable at end of period	486		264		486		264
Right-of-use assets obtained in exchange for lease obligations	1,642		—		3,137		201

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
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-SubTopic 10
-Section 50
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Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
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+ Details

Revenue Recognition (Tables)

6 Months Ended

Jul. 03, 2021

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The following table presents the Company’s revenues disaggregated by the customer’s method of purchase:


	Quarters Ended				Six Months Ended
	July 3, 2021		June 27, 2020		July 3, 2021		June 27, 2020
Third-party brick-and-mortar wholesale	$	1,233,531	$	1,164,078	$	2,258,270	$	2,050,613
Consumer-directed	517,780		379,005		1,001,070		695,540
Total net sales	$	1,751,311	$	1,543,083	$	3,259,340	$	2,746,153

Stockholders' Equity (Tables)

6 Months Ended

Jul. 03, 2021

Equity [Abstract]

Reconciliation of Basic to Diluted Weighted Average Shares

The reconciliation of basic to diluted weighted average shares outstanding is as follows:


	Quarters Ended		Six Months Ended
	July 3, 2021	June 27, 2020	July 3, 2021	June 27, 2020
Basic weighted average shares outstanding	350,987	350,538	350,995	354,778
Effect of potentially dilutive securities:
Stock options	24	143	16	182
Restricted stock units	1,039	143	855	165
Employee stock purchase plan and other	2	5	3	8
Diluted weighted average shares outstanding	352,052	350,829	351,869	355,133

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following securities were excluded from the diluted earnings per share calculation because their effect would be anti-dilutive:


	Quarters Ended		Six Months Ended
	July 3, 2021	June 27, 2020	July 3, 2021	June 27, 2020
Stock options	83	—	167	—
Restricted stock units	45	1,599	44	1,330

Inventories (Tables)

6 Months Ended

Jul. 03, 2021

Inventory Disclosure [Abstract]

Inventories

Inventories consisted of the following:


	July 3, 2021		January 2, 2021		June 27, 2020
Raw materials	$	72,436	$	67,111	$	80,610
Work in process	101,862		108,844		127,924
Finished goods	1,356,324		1,191,803		1,565,605
	$	1,530,622	$	1,367,758	$	1,774,139

Debt (Tables)

6 Months Ended

Jul. 03, 2021

Debt Disclosure [Abstract]

Debt

Debt consisted of the following:


	Interest Rate as of July 3, 2021	Principal Amount				Maturity Date
		July 3, 2021		January 2, 2021
Senior Secured Credit Facility:
Revolving Loan Facility	—	$	—	$	—	December 2022

Term Loan A	1.34%	618,750		625,000		December 2022
Term Loan B	—	—		300,000		December 2024

Australian Revolving Loan Facility	—	—		—		July 2022
5.375% Senior Notes	5.38%	700,000		700,000		May 2025
4.875% Senior Notes	4.88%	900,000		900,000		May 2026
4.625% Senior Notes	4.63%	900,000		900,000		May 2024
3.5% Senior Notes	3.50%	593,261		610,724		June 2024
Accounts Receivable Securitization Facility	—	—		—		June 2022
Total debt		3,712,011		4,035,724
Less long-term debt issuance costs		27,029		32,354
Less current maturities		37,500		263,936
Total long-term debt		$	3,647,482	$	3,739,434

Accumulated Other Comprehensive Loss (Tables)

6 Months Ended

Jul. 03, 2021

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Schedule of Accumulated Other Comprehensive Loss

The components of accumulated other comprehensive loss (“AOCI”) are as follows:


	Cumulative Translation Adjustment(1)		Cash Flow Hedges		Defined Benefit Plans		Income Taxes		Accumulated Other Comprehensive Loss
Balance at April 3, 2021	$	(78,021)	$	(12,822)	$	(659,946)	$	173,904	$	(576,885)
Amounts reclassified from accumulated other comprehensive loss	—		4,671		6,022		(2,993)		7,700
Current-period other comprehensive income (loss) activity	(11,231)		(675)		(124)		287		(11,743)
Total other comprehensive income (loss)	(11,231)		3,996		5,898		(2,706)		(4,043)

Balance at July 3, 2021	$	(89,252)	$	(8,826)	$	(654,048)	$	171,198	$	(580,928)


	Cumulative Translation Adjustment(1)		Cash Flow Hedges		Defined Benefit Plans		Income Taxes		Accumulated Other Comprehensive Loss
Balance at January 2, 2021	$	(52,820)	$	(26,538)	$	(668,730)	$	181,129	$	(566,959)
Amounts reclassified from accumulated other comprehensive loss	—		9,913		13,107		(5,997)		17,023
Current-period other comprehensive income (loss) activity	(36,432)		7,799		1,575		(3,934)		(30,992)
Total other comprehensive income (loss)	(36,432)		17,712		14,682		(9,931)		(13,969)

Balance at July 3, 2021	$	(89,252)	$	(8,826)	$	(654,048)	$	171,198	$	(580,928)


	Cumulative Translation Adjustment(1)		Cash Flow Hedges		Defined Benefit Plans		Income Taxes		Accumulated Other Comprehensive Loss
Balance at March 28, 2020	$	(274,292)	$	19,849	$	(624,494)	$	155,512	$	(723,425)
Amounts reclassified from accumulated other comprehensive loss	—		(3,157)		5,423		(416)		1,850
Current-period other comprehensive income (loss) activity	95,033		(7,051)		(69)		2,653		90,566
Total other comprehensive income (loss)	95,033		(10,208)		5,354		2,237		92,416

Balance at June 27, 2020	$	(179,259)	$	9,641	$	(619,140)	$	157,749	$	(631,009)


	Cumulative Translation Adjustment(1)		Cash Flow Hedges		Defined Benefit Plans		Income Taxes		Accumulated Other Comprehensive Loss
Balance at December 28, 2019	$	(157,138)	$	4,786	$	(629,360)	$	164,064	$	(617,648)
Amounts reclassified from accumulated other comprehensive loss	—		(8,174)		10,289		(416)		1,699
Current-period other comprehensive income (loss) activity	(22,121)		13,029		(69)		(5,899)		(15,060)
Total other comprehensive income (loss)	(22,121)		4,855		10,220		(6,315)		(13,361)

Balance at June 27, 2020	$	(179,259)	$	9,641	$	(619,140)	$	157,749	$	(631,009)

Schedule of Reclassifications out of Accumulated Other Comprehensive Loss

The Company had the following reclassifications out of AOCI:


Component of AOCI	Location of Reclassification into Income	Amount of Reclassification from AOCI
		Quarters Ended				Six Months Ended
		July 3, 2021		June 27, 2020		July 3, 2021		June 27, 2020
Gain (loss) on forward foreign exchange contracts designated as cash flow hedges	Cost of sales	$	(5,278)	$	1,758	$	(9,655)	$	4,627
	Income tax	1,444		(483)		2,652		(1,245)
	Income (loss) from discontinued operations, net of tax	(1,278)		1,080		(1,522)		2,718
	Net of tax	(5,112)		2,355		(8,525)		6,100

Gain (loss) on cross-currency swap contracts designated as cash flow hedges	Selling, general and administrative expenses	3,168		—		2,611		—
	Interest expense, net	(1,018)		—		(1,018)		—
	Income tax	(312)		—		(223)		—
	Net of tax	1,838		—		1,370		—

Amortization of deferred actuarial loss and prior service cost	Other expenses	(6,081)		(5,466)		(13,788)		(8,228)
	Income tax	1,596		1,261		3,342		2,494
	Income (loss) from discontinued operations, net of tax	59		—		578		(2,065)
	Net of tax	(4,426)		(4,205)		(9,868)		(7,799)

Total reclassifications		$	(7,700)	$	(1,850)	$	(17,023)	$	(1,699)

Financial Instruments and Risk Management (Tables)

6 Months Ended

Jul. 03, 2021

Disclosure Financial Instruments and Risk Management [Abstract]

Schedule of Notional Amounts of Outstanding Derivative Positions


	Hedge Type	July 3, 2021		January 2, 2021
U.S. dollar equivalent notional amount of derivative instruments:
Forward foreign exchange contracts	Cash Flow and Mark to Market	$	355,633	$	617,912
Cross-currency swap contracts	Cash Flow	$	352,920	$	—
Cross-currency swap contracts	Net Investment	$	335,940	$	335,940

Fair Values of Derivative Instruments


	Balance Sheet Location	Fair Value
		July 3, 2021		January 2, 2021
Derivatives designated as hedging instruments:
Forward foreign exchange contracts	Other current assets	$	1,989	$	1
Cross-currency swap contracts	Other current assets	970		918
Forward foreign exchange contracts	Current assets of discontinued operations	17		40
Forward foreign exchange contracts	Other noncurrent assets	732		—
Cross-currency swap contracts	Other noncurrent assets	1,723		—
Derivatives not designated as hedging instruments:
Forward foreign exchange contracts	Other current assets	1,545		2,459
Forward foreign exchange contracts	Current assets of discontinued operations	24		198
Total derivative assets		7,000		3,616

Derivatives designated as hedging instruments:
Forward foreign exchange contracts	Accrued liabilities	(2,329)		(12,898)
Cross-currency swap contracts	Accrued liabilities	(223)		—
Forward foreign exchange contracts	Current liabilities of discontinued operations	(321)		(4,747)
Forward foreign exchange contracts	Other noncurrent liabilities	—		(2,190)
Cross-currency swap contracts	Other noncurrent liabilities	(9,300)		(16,526)
Derivatives not designated as hedging instruments:
Forward foreign exchange contracts	Accrued liabilities	(4,151)		(16,488)
Forward foreign exchange contracts	Current liabilities of discontinued operations	(589)		(2,195)
Total derivative liabilities		(16,913)		(55,044)

Net derivative liability		$	(9,913)	$	(51,428)

Effect of Cash Flow Hedge Derivative Instruments

The effect of cash flow hedge derivative instruments on the Condensed Consolidated Statements of Income and AOCI is as follows:


	Amount of Gain (Loss) Recognized in AOCI on Derivative Instruments
	Quarters Ended				Six Months Ended
	July 3, 2021		June 27, 2020		July 3, 2021		June 27, 2020

Forward foreign exchange contracts	$	(1,392)	$	(7,051)	$	7,094	$	13,029
Cross-currency swap contracts	717		—		705		—

Total	$	(675)	$	(7,051)	$	7,799	$	13,029


	Location of Gain (Loss) Reclassified from AOCI into Income	Amount of Gain (Loss) Reclassified from AOCI into Income
		Quarters Ended				Six Months Ended
		July 3, 2021		June 27, 2020		July 3, 2021		June 27, 2020


Forward foreign exchange contracts(1)	Cost of sales	$	(5,278)	$	1,758	$	(9,655)	$	4,627
Forward foreign exchange contracts(1)	Income (loss) from discontinued operations, net of tax	(1,543)		1,399		$	(1,851)	$	3,547
Cross-currency swap contracts(1)	Selling, general and administrative expenses	3,168		—		$	2,611	$	—
Cross-currency swap contracts(1)	Interest expense, net	(1,018)		—		$	(1,018)	$	—

Total		$	(4,671)	$	3,157	$	(9,913)	$	8,174

(1)The Company does not exclude amounts from effectiveness testing for cash flow hedges that would require recognition into earnings based on changes in fair value.


	Quarters Ended				Six Months Ended
	July 3, 2021		June 27, 2020		July 3, 2021		June 27, 2020
Total cost of sales in which the effects of cash flow hedges are recorded	$	1,069,682	$	1,029,221	$	1,975,030	$	1,814,123
Total selling, general and administrative expenses in which the effects of cash flow hedges are recorded	$	464,235	$	311,729	$	876,794	$	681,944
Total interest expense, net in which the effects of cash flow hedges are recorded	$	42,440	$	41,075	$	86,900	$	77,102
Total income (loss) from discontinued operations, net of tax in which the effects of cash flow hedges are recorded	$	(19,187)	$	24,613	$	(410,853)	$	11,621

Effect of Net Investment Hedge Derivative Instruments


	Amount of Gain (Loss) Recognized in AOCI
	Quarters Ended				Six Months Ended
	July 3, 2021		June 27, 2020		July 3, 2021		June 27, 2020
Euro-denominated long-term debt	$	(1,544)	$	(4,196)	$	17,756	$	(1,538)
Cross-currency swap contracts	(2,066)		(1,004)		5,307		10,728
Total	$	(3,610)	$	(5,200)	$	23,063	$	9,190


	Location of Gain Recognized in Income	Amount of Gain Recognized in Income (Amount Excluded from Effectiveness Testing)
		Quarters Ended				Six Months Ended
		July 3, 2021		June 27, 2020		July 3, 2021		June 27, 2020
Cross-currency swap contracts	Interest expense, net	$	1,715	$	2,020	$	3,614	$	3,967


		Quarters Ended				Six Months Ended
		July 3, 2021		June 27, 2020		July 3, 2021		June 27, 2020
Total interest expense, net in which the amounts excluded from effectiveness testing for net investment hedges are recorded		$	42,440	$	41,075	$	86,900	$	77,102

Effect of Mark to Market Hedge Derivative Instruments

The effect of derivative contracts not designated as hedges on the Condensed Consolidated Statements of Income is as follows:


	Location of Gain (Loss) Recognized in Income on Derivatives	Amount of Gain (Loss) Recognized in Income
		Quarters Ended				Six Months Ended
		July 3, 2021		June 27, 2020		July 3, 2021		June 27, 2020
Forward foreign exchange contracts	Cost of sales	$	5,629	$	(16,081)	$	18,624	$	(9,532)
Forward foreign exchange contracts	Selling, general and administrative expenses	880		1,962		3,091		928
Forward foreign exchange contracts	Income (loss) from discontinued operations, net of tax	1,314		(3,026)		3,953		(3,451)
Total		$	7,823	$	(17,145)	$	25,668	$	(12,055)

Fair Value of Assets and Liabilities (Tables)

6 Months Ended

Jul. 03, 2021

Fair Value Disclosures [Abstract]

Fair Value of Financial Assets and Liabilities Measured on a Recurring Basis

The following tables set forth by level within the fair value hierarchy the Company’s financial assets and liabilities within continuing operations accounted for at fair value on a recurring basis.


	Assets (Liabilities) at Fair Value as of July 3, 2021
	Total		Quoted Prices In Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Forward foreign exchange contracts - assets	$	4,266	$	—	$	4,266	$	—
Cross-currency swap contracts - assets	2,693		—		2,693		—
Forward foreign exchange contracts - liabilities	(6,480)		—		(6,480)		—
Cross-currency swap contracts - liabilities	(9,523)		—		(9,523)		—
	(9,044)		—		(9,044)		—
Deferred compensation plan liability	(19,634)		—		(19,634)		—
Total	$	(28,678)	$	—	$	(28,678)	$	—


	Assets (Liabilities) at Fair Value as of January 2, 2021
	Total		Quoted Prices In Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Forward foreign exchange contracts - assets	$	2,460	$	—	$	2,460	$	—
Cross-currency swap contracts - assets	918		—		918		—
Forward foreign exchange contracts - liabilities	(31,576)		—		(31,576)		—
Cross-currency swap contracts - liabilities	(16,526)		—		(16,526)		—
	(44,724)		—		(44,724)		—
Deferred compensation plan liability	(21,878)		—		(21,878)		—
Total	$	(66,602)	$	—	$	(66,602)	$	—

Business Segment Information (Tables)

6 Months Ended

Jul. 03, 2021

Segment Reporting [Abstract]

Net Sales


	Quarters Ended				Six Months Ended
	July 3, 2021		June 27, 2020		July 3, 2021		June 27, 2020
Net sales:
Innerwear	$	780,650	$	1,094,814	$	1,351,085	$	1,517,216
Activewear	404,189		168,379		768,192		456,379
International	478,923		251,285		985,184		679,515
Other	87,549		28,605		154,879		93,043
Total net sales	$	1,751,311	$	1,543,083	$	3,259,340	$	2,746,153

Segment Operating Profit


	Quarters Ended				Six Months Ended
	July 3, 2021		June 27, 2020		July 3, 2021		June 27, 2020
Segment operating profit:
Innerwear	$	186,169	$	304,524	$	313,586	$	386,075
Activewear	41,047		(5,751)		101,641		2,357
International	61,900		5,162		149,080		55,907
Other	9,220		(11,929)		11,106		(15,322)
Total segment operating profit	298,336		292,006		575,413		429,017
Items not included in segment operating profit:
General corporate expenses	(54,685)		(50,140)		(114,508)		(107,566)
Restructuring and other action-related charges	(18,664)		(32,279)		(38,057)		(56,603)
Amortization of intangibles	(7,593)		(7,454)		(15,332)		(14,762)
Total operating profit	217,394		202,133		407,516		250,086
Other expenses	(1,855)		(4,653)		(4,416)		(10,754)
Interest expense, net	(42,440)		(41,075)		(86,900)		(77,102)
Income from continuing operations before income tax expense	$	173,099	$	156,405	$	316,200	$	162,230

Restructuring and other action-related charges

The Company incurred pre-tax restructuring and other action-related charges that were reported in the following lines in the Condensed Consolidated Statements of Income:


	Quarters Ended				Six Months Ended
	July 3, 2021		June 27, 2020		July 3, 2021		June 27, 2020
Cost of sales	$	1,900	$	18,418	$	4,707	$	40,229
Selling, general and administrative expenses	16,764		13,861		33,350		16,374
Total	$	18,664	$	32,279	$	38,057	$	56,603

Discontinued Operations - Income Statement (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 03, 2021	Jun. 27, 2020	Jul. 03, 2021	Jun. 27, 2020
Disposal Group, Including Discontinued Operation, Income Statement Disclosures [Abstract]
Net sales	$ 117,506	$ 205,591	$ 253,351	$ 333,262
Cost of sales	63,137	86,441	138,660	158,548
Gross profit	54,369	119,150	114,691	174,714
Selling, general and administrative expenses	61,134	59,428	144,526	128,815
Impairment of intangible assets and goodwill	0	20,319	155,745	20,319
Loss on classification of assets held for sale	9,828	0	236,180	0
Operating income (loss)	(16,593)	39,403	(421,760)	25,580
Other expenses	280	397	614	786
Interest expense, net	69	584	159	1,406
Income (loss) from discontinued operations before income tax expense	(16,942)	38,422	(422,533)	23,388
Income tax expense (benefit)	2,245	13,809	(11,680)	11,767
Net income (loss) from discontinued operations, net of tax	$ (19,187)	$ 24,613	$ (410,853)	$ 11,621

Discontinued Operations - Assets and Liabilities (Details) - USD ($) $ in Thousands	Jul. 03, 2021	Jan. 02, 2021	Jun. 27, 2020
Disposal Group, Including Discontinued Operation, Unclassified Balance Sheet Disclosures [Abstract]
Cash and cash equivalents	$ 8,921	$ 8,822	$ 127,015
Trade accounts receivable, net	70,432	84,632	68,041
Inventories	119,627	123,337	184,304
Other current assets	15,114	17,295	21,987
Property, net	63,222	67,950	68,916
Right-of-use assets	34,051	34,637	40,994
Trademarks and other identifiable intangibles, net	211,534	284,170	282,362
Goodwill	0	96,692	88,445
Deferred tax assets	10,376	5,438	6,947
Other noncurrent assets	4,421	5,614	5,381
Allowance to adjust assets to estimated fair value, less costs of disposal	(235,712)	0	0
Total assets of discontinued operations	301,986	728,587	894,392
Accounts payable	70,185	77,636	61,179
Accrued liabilities	111,321	133,431	115,465
Lease liabilities	8,693	10,332	13,026
Notes payable	377	784	8,790
Current portion of long-term debt	0	0	112,512
Lease liabilities - noncurrent	26,766	28,775	31,971
Pension and postretirement benefits	44,328	46,569	45,405
Other noncurrent liabilities	28,081	37,645	38,988
Total liabilities of discontinued operations	$ 289,751	$ 335,172	$ 427,336

Discontinued Operations - Cash Flows (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 03, 2021	Jun. 27, 2020	Jul. 03, 2021	Jun. 27, 2020
Net Cash Provided by (Used in) Discontinued Operations [Abstract]
Depreciation	$ 0	$ 2,682	$ 2,608	$ 5,347
Amortization	0	1,262	1,460	2,544
Capital expenditures	735	1,862	4,070	5,400
Impairment of intangible assets and goodwill	0	20,319	155,745	20,319
Loss on classification of assets held for sale	9,828	0	236,180	0
Other investing activities	1,580	615	3,374	1,831
Capital expenditures included in accounts payable at end of period	486	264	486	264
Right-of-use assets obtained in exchange for lease obligations	$ 1,642	$ 0	$ 3,137	$ 201

Discontinued Operations and Disposal Groups (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 03, 2021	Jun. 27, 2020	Jul. 03, 2021	Jun. 27, 2020
Discontinued Operations and Disposal Groups [Abstract]
Impairment of intangible assets and goodwill, Discontinued Operations	$ 0	$ 20,319	$ 155,745	$ 20,319
Loss on classification of assets held for sale	$ 9,828	$ 0	236,180	$ 0
Impairment of intangible assets, Continuing Operations			$ 7,302

Revenue Recognition (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Revenue Recognition (Details) - USD ($) $ in Thousands	Jul. 03, 2021	Jun. 27, 2020	Jul. 03, 2021	Jun. 27, 2020	Jan. 02, 2021
Disaggregation of Revenue
Net sales	$ 1,751,311	$ 1,543,083	$ 3,259,340	$ 2,746,153
Trade accounts receivable, net	960,993	1,139,130	960,993	1,139,130	$ 768,221
Third-party brick-and-mortar wholesale
Disaggregation of Revenue
Net sales	1,233,531	1,164,078	2,258,270	2,050,613
Consumer-directed
Disaggregation of Revenue
Net sales	$ 517,780	379,005	$ 1,001,070	695,540
Government contracts
Disaggregation of Revenue
Trade accounts receivable, net		484,162		484,162
Government contracts \| Third-party brick-and-mortar wholesale
Disaggregation of Revenue
Net sales		$ 514,256		$ 514,256

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 4
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130543-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130545-203045

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 924
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-URI http://asc.fasb.org/extlink&oid=6472922&loc=d3e499488-122856

+ Details

Stockholders' Equity Reconciliation of Basic to Diluted Weighted Average Shares (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jul. 03, 2021	Jun. 27, 2020	Jul. 03, 2021	Jun. 27, 2020
Reconciliation of basic to diluted weighted average shares [Line Items]
Basic weighted average shares outstanding	350,987	350,538	350,995	354,778
Diluted weighted average shares outstanding	352,052	350,829	351,869	355,133
Stock options
Effect of potentially dilutive securities:
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	24	143	16	182
Restricted stock units
Effect of potentially dilutive securities:
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	1,039	143	855	165
Employee stock purchase plan and other
Effect of potentially dilutive securities:
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	2	5	3	8

Stockholders' Equity (Additional Information) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		3 Months Ended		6 Months Ended
	Jul. 27, 2021	Jul. 03, 2021	Jun. 27, 2020	Jul. 03, 2021	Jun. 27, 2020	Feb. 06, 2020	Apr. 27, 2016
Stockholders' Equity [Line Items]
Dividends, Per Share, Declared		$ 0.15	$ 0.15	$ 0.30	$ 0.30
Common stock repurchased, cost					$ 200,269
Stock options
Stockholders' Equity [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount		83	0	167	0
Restricted stock units
Stockholders' Equity [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount		45	1,599	44	1,330
2020 Share Repurchase Plan
Stockholders' Equity [Line Items]
Stock repurchase program, number of shares authorized to be repurchased						40,000
Stock repurchased during period, shares					14,464
Common stock repurchased - weighted average price per share					$ 13.83
Common stock repurchased, cost					$ 200,269
Remaining number of shares authorized to be repurchased		25,536		25,536
2016 Share Repurchase Plan
Stockholders' Equity [Line Items]
Stock repurchase program, number of shares authorized to be repurchased							40,000
Subsequent Event [Member]
Stockholders' Equity [Line Items]
Dividends, Per Share, Declared	$ 0.15

Inventories (Details) - USD ($) $ in Thousands	Jul. 03, 2021	Jan. 02, 2021	Jun. 27, 2020
Inventory Disclosure [Abstract]
Raw materials	$ 72,436	$ 67,111	$ 80,610
Work in process	101,862	108,844	127,924
Finished goods	1,356,324	1,191,803	1,565,605
Total Inventories	$ 1,530,622	$ 1,367,758	$ 1,774,139

Debt (Details) € in Thousands, $ in Thousands	Jul. 03, 2021 USD ($)	Jul. 03, 2021 EUR (€)	Apr. 01, 2021	Jan. 02, 2021 USD ($)	Jun. 27, 2020 USD ($)
Debt Instrument [Line Items]
Total debt	$ 3,712,011			$ 4,035,724
Long-term Debt, Excluding Current Maturities [Abstract]
Less long-term debt issuance costs	27,029			32,354
Less current maturities	37,500			263,936
Total long-term debt	$ 3,647,482			3,739,434	$ 3,985,631
Revolving Loan Facility
Debt Instrument [Line Items]
Interest rate	0.00%	0.00%
Total debt	$ 0			0
Term Loan A
Debt Instrument [Line Items]
Interest rate	1.34%	1.34%
Total debt	$ 618,750			625,000
Term Loan B
Debt Instrument [Line Items]
Interest rate	0.00%	0.00%
Total debt	$ 0			300,000
Australian Revolving Loan Facility
Debt Instrument [Line Items]
Interest rate	0.00%	0.00%
Total debt	$ 0			0
5.375% Senior Notes
Debt Instrument [Line Items]
Interest rate	5.38%	5.38%
Total debt	$ 700,000			700,000
4.875% Senior Notes
Debt Instrument [Line Items]
Interest rate	4.88%	4.88%
Total debt	$ 900,000			900,000
4.625% Senior Notes
Debt Instrument [Line Items]
Interest rate	4.63%	4.63%
Total debt	$ 900,000			900,000
3.50% Senior Notes
Debt Instrument [Line Items]
Interest rate	3.50%	3.50%	3.50%
Total debt	$ 593,261			610,724
Total debt \| €		€ 500,000
Accounts Receivable Securitization Facility
Debt Instrument [Line Items]
Interest rate	0.00%	0.00%
Total debt	$ 0			$ 0

Debt (Additional Information) (Detail) $ in Thousands, $ in Thousands	6 Months Ended
	Jul. 03, 2021 USD ($)	Jun. 27, 2020 USD ($)	Jul. 13, 2021 AUD ($)	Jul. 03, 2021 AUD ($)	Jan. 02, 2021 USD ($)
Debt Instrument [Line Items]
Repayments on Term Loan Facilities	$ 306,250	$ 0
Revolving Loan Facility
Debt Instrument [Line Items]
Remaining borrowing capacity	995,824
Maximum Borrowing Capacity	1,000,000
Standby and trade letters of credit issued	4,176
Term Loan B \| Excess Cash Flow Prepayment
Debt Instrument [Line Items]
Repayments on Term Loan Facilities	238,936
Term Loan B \| Voluntary Prepayment
Debt Instrument [Line Items]
Repayments on Term Loan Facilities	61,064
Accounts Receivable Securitization Facility
Debt Instrument [Line Items]
Remaining borrowing capacity	88,833
Maximum Borrowing Capacity	175,000				$ 225,000
Current Borrowing Capacity	150,000
Australian Revolving Loan Facility
Debt Instrument [Line Items]
Remaining borrowing capacity	44,994
Australian Revolving Loan Facility \| Bilateral Cash Advance Limit
Debt Instrument [Line Items]
Maximum Borrowing Capacity				$ 50,000
Australian Revolving Loan Facility \| Bank Overdraft Limit
Debt Instrument [Line Items]
Maximum Borrowing Capacity				$ 10,000
Australian Revolving Loan Facility \| Subsequent Event [Member] \| Bilateral Cash Advance Limit
Debt Instrument [Line Items]
Maximum Borrowing Capacity			$ 46,000
Australian Revolving Loan Facility \| Subsequent Event [Member] \| Bank Overdraft Limit
Debt Instrument [Line Items]
Maximum Borrowing Capacity			$ 14,000
Other International Debt
Debt Instrument [Line Items]
Remaining borrowing capacity	$ 33,610

Accumulated Other Comprehensive Loss (Rollforward) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 03, 2021	Jun. 27, 2020	Jul. 03, 2021	Jun. 27, 2020
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance, net of tax			$ (566,959)
Total other comprehensive income (loss)	$ (4,043)	$ 92,416	(13,969)	$ (13,361)
Ending Balance, net of tax	(580,928)	(631,009)	(580,928)	(631,009)
Cumulative Translation Adjustment
Accumulated Other Comprehensive Income (Loss), Before Tax [Roll Forward]
Beginning Balance, before tax	(78,021)	(274,292)	(52,820)	(157,138)
Amounts reclassified from accumulated other comprehensive loss, before tax	0	0	0	0
Current-period other comprehensive income (loss) activity, before tax	(11,231)	95,033	(36,432)	(22,121)
Total other comprehensive income (loss), before tax	(11,231)	95,033	(36,432)	(22,121)
Ending Balance, before tax	(89,252)	(179,259)	(89,252)	(179,259)
Cash Flow Hedges
Accumulated Other Comprehensive Income (Loss), Before Tax [Roll Forward]
Beginning Balance, before tax	(12,822)	19,849	(26,538)	4,786
Amounts reclassified from accumulated other comprehensive loss, before tax	4,671	(3,157)	9,913	(8,174)
Current-period other comprehensive income (loss) activity, before tax	(675)	(7,051)	7,799	13,029
Total other comprehensive income (loss), before tax	3,996	(10,208)	17,712	4,855
Ending Balance, before tax	(8,826)	9,641	(8,826)	9,641
Defined Benefit Plans
Accumulated Other Comprehensive Income (Loss), Before Tax [Roll Forward]
Beginning Balance, before tax	(659,946)	(624,494)	(668,730)	(629,360)
Amounts reclassified from accumulated other comprehensive loss, before tax	6,022	5,423	13,107	10,289
Current-period other comprehensive income (loss) activity, before tax	(124)	(69)	1,575	(69)
Total other comprehensive income (loss), before tax	5,898	5,354	14,682	10,220
Ending Balance, before tax	(654,048)	(619,140)	(654,048)	(619,140)
Income Taxes
Accumulated Other Comprehensive Income (Loss), Tax [Roll Forward]
Beginning Balance, tax	173,904	155,512	181,129	164,064
Amounts reclassified from accumulated other comprehensive loss, tax	(2,993)	(416)	(5,997)	(416)
Current-period other comprehensive income (loss) activity, tax	287	2,653	(3,934)	(5,899)
Total other comprehensive income (loss), tax	(2,706)	2,237	(9,931)	(6,315)
Ending Balance, tax	171,198	157,749	171,198	157,749
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance, net of tax	(576,885)	(723,425)	(566,959)	(617,648)
Amounts reclassified from accumulated other comprehensive loss, net of tax	7,700	1,850	17,023	1,699
Current-period other comprehensive income (loss) activity, net of tax	(11,743)	90,566	(30,992)	(15,060)
Total other comprehensive income (loss)	(4,043)	92,416	(13,969)	(13,361)
Ending Balance, net of tax	$ (580,928)	$ (631,009)	$ (580,928)	$ (631,009)

Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 03, 2021	Jun. 27, 2020	Jul. 03, 2021	Jun. 27, 2020
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Cost of sales	$ (1,069,682)	$ (1,029,221)	$ (1,975,030)	$ (1,814,123)
Selling, general and administrative expenses	(464,235)	(311,729)	(876,794)	(681,944)
Interest expense, net	(42,440)	(41,075)	(86,900)	(77,102)
Other expenses	1,855	4,653	4,416	10,754
Income Tax	(25,236)	(19,837)	(39,933)	(20,544)
Income (loss) from discontinued operations, net of tax	19,187	(24,613)	410,853	(11,621)
Net income (loss)	(128,676)	(161,181)	134,586	(153,307)
Reclassification out of Accumulated Other Comprehensive Income
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Net income (loss)	(7,700)	(1,850)	(17,023)	(1,699)
Reclassification out of Accumulated Other Comprehensive Income \| Amortization of deferred actuarial loss and prior service cost
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Other expenses	(6,081)	(5,466)	(13,788)	(8,228)
Income Tax	1,596	1,261	3,342	2,494
Income (loss) from discontinued operations, net of tax	59	0	578	(2,065)
Net income (loss)	(4,426)	(4,205)	(9,868)	(7,799)
Forward foreign exchange contract \| Reclassification out of Accumulated Other Comprehensive Income \| Gain (loss) on derivative instruments designated as cash flow hedges
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Cost of sales	(5,278)	1,758	(9,655)	4,627
Income Tax	1,444	(483)	2,652	(1,245)
Income (loss) from discontinued operations, net of tax	(1,278)	1,080	(1,522)	2,718
Net income (loss)	(5,112)	2,355	(8,525)	6,100
Cross-currency swap contract \| Reclassification out of Accumulated Other Comprehensive Income \| Gain (loss) on derivative instruments designated as cash flow hedges
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Selling, general and administrative expenses	3,168	0	2,611	0
Interest expense, net	(1,018)	0	(1,018)	0
Income Tax	(312)	0	(223)	0
Net income (loss)	$ 1,838	$ 0	$ 1,370	$ 0

Financial Instruments and Risk Management (Additional Information) (Details) € in Thousands, $ in Thousands					6 Months Ended
	Jul. 03, 2021 USD ($)	Apr. 01, 2021 EUR (€) numberOfCrossCurrencySwaps	Jan. 02, 2021 USD ($)	Jul. 10, 2019 EUR (€) numberOfCrossCurrencySwaps	Jul. 03, 2021 USD ($)	Jul. 03, 2021 EUR (€)
3.50% Senior Notes
Derivative [Line Items]
Long-term Debt						€ 500,000
Interest Rate on Senior Notes Issued		3.50%				3.50%
4.625% Senior Notes
Derivative [Line Items]
Interest Rate on Senior Notes Issued						4.63%
Net Investment Hedge \| Euro-denominated Long-term Debt \| 3.50% Senior Notes
Derivative [Line Items]
Notional Amount of Nonderivative Instruments	$ 237,304	€ 200,000	$ 610,724	€ 500,000
Long-term Debt				€ 500,000
Foreign exchange contract
Derivative [Line Items]
Net gain (loss) expected to be reclassified into earnings during the next twelve months \| $					$ (12,581)
Cross-currency swap contract \| Net Investment Hedge
Derivative [Line Items]
Number of cross currency swaps \| numberOfCrossCurrencySwaps				2
Derivative, Notional Amount				€ 300,000
Cross-Currency Swap Contract - Fixed Interest Rate				2.3215%
Cross-currency swap contract \| Net Investment Hedge \| 4.625% Senior Notes
Derivative [Line Items]
Interest Rate on Senior Notes Issued						4.625%
Cross-currency swap contract \| Cash Flow Hedge
Derivative [Line Items]
Number of cross currency swaps \| numberOfCrossCurrencySwaps		3
Derivative, Notional Amount		€ 300,000
Cross-Currency Swap Contract - Fixed Interest Rate		4.7945%
Long-term Debt
Derivative [Line Items]
Maximum Length of Time Hedged in Interest Rate Cash Flow Hedge					36 months
Forward foreign exchange contract
Derivative [Line Items]
Maximum Length of Time Hedged in Interest Rate Cash Flow Hedge					15 months

Financial Instruments and Risk Management Notional Amounts of Derivative Instruments (Details) € in Thousands, $ in Thousands	Jul. 03, 2021 USD ($)	Apr. 01, 2021 EUR (€)	Jan. 02, 2021 USD ($)	Jul. 10, 2019 EUR (€)
Cross-currency swap contract \| Cash Flow Hedge
Derivative [Line Items]
Derivative, Notional Amount \| €		€ 300,000
Cross-currency swap contract \| Net Investment Hedge
Derivative [Line Items]
Derivative, Notional Amount \| €				€ 300,000
Cross-currency swap contract \| Designated as Hedging Instrument \| Cash Flow Hedge
Derivative [Line Items]
Derivative, Notional Amount	$ 352,920		$ 0
Cross-currency swap contract \| Designated as Hedging Instrument \| Net Investment Hedge
Derivative [Line Items]
Derivative, Notional Amount	335,940		335,940
Forward foreign exchange contract \| Designated as Hedging Instrument \| Cash Flow and Mark to Market Hedges
Derivative [Line Items]
Derivative, Notional Amount	$ 355,633		$ 617,912

Financial Instruments and Risk Management Fair Values of Derivative Instruments (Details) - USD ($) $ in Thousands	Jul. 03, 2021	Jan. 02, 2021
Derivatives, Fair Value [Line Items]
Net fair value of derivative assets and liabilities	$ (9,913)	$ (51,428)
Assets, Total
Derivatives, Fair Value [Line Items]
Total derivative assets	7,000	3,616
Liabilities, Total
Derivatives, Fair Value [Line Items]
Total derivative liabilities	(16,913)	(55,044)
Cross-currency swap contract \| Other Current Assets \| Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Total derivative assets	970	918
Cross-currency swap contract \| Other noncurrent assets \| Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Total derivative assets	1,723	0
Cross-currency swap contract \| Accrued liabilities \| Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Total derivative liabilities	(223)	0
Cross-currency swap contract \| Other Noncurrent Liabilities \| Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Total derivative liabilities	(9,300)	(16,526)
Forward foreign exchange contract \| Other Current Assets \| Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Total derivative assets	1,989	1
Forward foreign exchange contract \| Other Current Assets \| Non-hedges
Derivatives, Fair Value [Line Items]
Total derivative assets	1,545	2,459
Forward foreign exchange contract \| Current Assets of Discontinued Operations \| Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Total derivative assets	17	40
Forward foreign exchange contract \| Current Assets of Discontinued Operations \| Non-hedges
Derivatives, Fair Value [Line Items]
Total derivative assets	24	198
Forward foreign exchange contract \| Other noncurrent assets \| Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Total derivative assets	732	0
Forward foreign exchange contract \| Accrued liabilities \| Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Total derivative liabilities	(2,329)	(12,898)
Forward foreign exchange contract \| Accrued liabilities \| Non-hedges
Derivatives, Fair Value [Line Items]
Total derivative liabilities	(4,151)	(16,488)
Forward foreign exchange contract \| Current Liabilities of Discontinued Operations \| Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Total derivative liabilities	(321)	(4,747)
Forward foreign exchange contract \| Current Liabilities of Discontinued Operations \| Non-hedges
Derivatives, Fair Value [Line Items]
Total derivative liabilities	(589)	(2,195)
Forward foreign exchange contract \| Other Noncurrent Liabilities \| Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Total derivative liabilities	$ 0	$ (2,190)

Financial Instruments and Risk Management Effect of Cash Flow Hedge Derivative Instruments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 03, 2021	Jun. 27, 2020	Jul. 03, 2021	Jun. 27, 2020
Derivatives, Fair Value [Line Items]
Amount of Gain (Loss) Recognized in AOCI	$ (675)	$ (7,051)	$ 7,799	$ 13,029
Amount of Gain (Loss) Reclassified from AOCI into Income	(4,671)	3,157	(9,913)	8,174
Total cost of sales in which the effects of cash flow hedges are recorded	1,069,682	1,029,221	1,975,030	1,814,123
Total selling, general and administrative expenses in which the effects of cash flow hedges are recorded	464,235	311,729	876,794	681,944
Total interest expense, net in which the effects of cash flow hedges are recorded	42,440	41,075	86,900	77,102
Total income (loss) from discontinued operations, net of tax in which the effects of cash flow hedges are recorded	(19,187)	24,613	(410,853)	11,621
Cross-currency swap contract
Derivatives, Fair Value [Line Items]
Amount of Gain (Loss) Recognized in AOCI	717	0	705	0
Cross-currency swap contract \| Selling, general and administrative expenses
Derivatives, Fair Value [Line Items]
Amount of Gain (Loss) Reclassified from AOCI into Income	3,168	0	2,611	0
Cross-currency swap contract \| Interest expense, net
Derivatives, Fair Value [Line Items]
Amount of Gain (Loss) Reclassified from AOCI into Income	(1,018)	0	(1,018)	0
Forward foreign exchange contract
Derivatives, Fair Value [Line Items]
Amount of Gain (Loss) Recognized in AOCI	(1,392)	(7,051)	7,094	13,029
Forward foreign exchange contract \| Cost of Sales
Derivatives, Fair Value [Line Items]
Amount of Gain (Loss) Reclassified from AOCI into Income	(5,278)	1,758	(9,655)	4,627
Forward foreign exchange contract \| Income (loss) from discontinued operations, net of tax
Derivatives, Fair Value [Line Items]
Amount of Gain (Loss) Reclassified from AOCI into Income	$ (1,543)	$ 1,399	$ (1,851)	$ 3,547

Financial Instruments and Risk Management Effect of Net Investment Hedge Instruments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 03, 2021	Jun. 27, 2020	Jul. 03, 2021	Jun. 27, 2020
Derivatives, Fair Value [Line Items]
Interest expense, net	$ 42,440	$ 41,075	$ 86,900	$ 77,102
Cross-currency swap contract \| Interest expense, net
Derivatives, Fair Value [Line Items]
Amounts of Gain (Loss) Recognized in Income	1,715	2,020	3,614	3,967
Accumulated Other Comprehensive Loss
Derivatives, Fair Value [Line Items]
Amount of Gain (Loss) Recognized in AOCI on Net Investment Hedges	(3,610)	(5,200)	23,063	9,190
Accumulated Other Comprehensive Loss \| Euro-denominated Long-term Debt
Derivatives, Fair Value [Line Items]
Amount of Gain (Loss) Recognized in AOCI	(1,544)	(4,196)	17,756	(1,538)
Accumulated Other Comprehensive Loss \| Cross-currency swap contract
Derivatives, Fair Value [Line Items]
Amount of Gain (Loss) Recognized in AOCI	$ (2,066)	$ (1,004)	$ 5,307	$ 10,728

Financial Instruments and Risk Management Effect of Mark to Market Hedge Derivative Instruments (Details) - Forward foreign exchange contract - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 03, 2021	Jun. 27, 2020	Jul. 03, 2021	Jun. 27, 2020
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Income	$ 7,823	$ (17,145)	$ 25,668	$ (12,055)
Cost of Sales
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Income	5,629	(16,081)	18,624	(9,532)
Selling, general and administrative expenses
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Income	880	1,962	3,091	928
Income (loss) from discontinued operations, net of tax
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Income	$ 1,314	$ (3,026)	$ 3,953	$ (3,451)

Fair Value of Assets and Liabilities (Additional Information) (Details) - USD ($) $ in Thousands	Jul. 03, 2021	Jan. 02, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying value of debt	$ 3,712,011	$ 4,035,724
Continuing Operations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Accounts Receivable, Allowance for Credit Loss, Current	60,504	48,745
Carrying value of debt	3,712,011	4,035,724
Fair Value, Inputs, Level 2 [Member] \| Continuing Operations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of debt	$ 3,921,200	$ 4,230,985

Fair Value of Assets and Liabilities (Fair Value of Financial Assets and Liabilities Measured on Recurring Basis) (Details) - USD ($) $ in Thousands	Jul. 03, 2021	Jan. 02, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net fair value of derivative assets and liabilities	$ (9,913)	$ (51,428)
Fair Value, Measurements, Recurring \| Continuing Operations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net fair value of derivative assets and liabilities	(9,044)	(44,724)
Deferred compensation plan liability	(19,634)	(21,878)
Net effect of financial asset less financial liability	(28,678)	(66,602)
Fair Value, Measurements, Recurring \| Quoted Prices In Active Markets for Identical Assets (Level 1) \| Continuing Operations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net fair value of derivative assets and liabilities	0	0
Deferred compensation plan liability	0	0
Net effect of financial asset less financial liability	0	0
Fair Value, Measurements, Recurring \| Significant Other Observable Inputs (Level 2) \| Continuing Operations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net fair value of derivative assets and liabilities	(9,044)	(44,724)
Deferred compensation plan liability	(19,634)	(21,878)
Net effect of financial asset less financial liability	(28,678)	(66,602)
Fair Value, Measurements, Recurring \| Significant Unobservable Inputs (Level 3) \| Continuing Operations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net fair value of derivative assets and liabilities	0	0
Deferred compensation plan liability	0	0
Net effect of financial asset less financial liability	0	0
Fair Value, Measurements, Recurring \| Cross-currency swap contract \| Continuing Operations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	2,693	918
Total derivative liabilities	(9,523)	(16,526)
Fair Value, Measurements, Recurring \| Cross-currency swap contract \| Quoted Prices In Active Markets for Identical Assets (Level 1) \| Continuing Operations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	0	0
Total derivative liabilities	0	0
Fair Value, Measurements, Recurring \| Cross-currency swap contract \| Significant Other Observable Inputs (Level 2) \| Continuing Operations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	2,693	918
Total derivative liabilities	(9,523)	(16,526)
Fair Value, Measurements, Recurring \| Cross-currency swap contract \| Significant Unobservable Inputs (Level 3) \| Continuing Operations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	0	0
Total derivative liabilities	0	0
Fair Value, Measurements, Recurring \| Forward foreign exchange contract \| Continuing Operations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	4,266	2,460
Total derivative liabilities	(6,480)	(31,576)
Fair Value, Measurements, Recurring \| Forward foreign exchange contract \| Quoted Prices In Active Markets for Identical Assets (Level 1) \| Continuing Operations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	0	0
Total derivative liabilities	0	0
Fair Value, Measurements, Recurring \| Forward foreign exchange contract \| Significant Other Observable Inputs (Level 2) \| Continuing Operations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	4,266	2,460
Total derivative liabilities	(6,480)	(31,576)
Fair Value, Measurements, Recurring \| Forward foreign exchange contract \| Significant Unobservable Inputs (Level 3) \| Continuing Operations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	0	0
Total derivative liabilities	$ 0	$ 0

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Income Taxes (Details) - USD ($) $ in Thousands	Jul. 03, 2021	Jun. 27, 2020	Jul. 03, 2021	Jun. 27, 2020
Effective income tax rate, percent	14.60%	12.70%	12.60%	12.70%
Unrecognized Tax Benefits, Period Increase (Decrease)	$ (8,060)
Unrecognized Tax Benefit Period Decrease That Impacted Effective Tax Rate	$ (6,679)

Business Segment Information (Details) $ in Thousands	3 Months Ended		6 Months Ended
Business Segment Information (Details) $ in Thousands	Jul. 03, 2021 USD ($)	Jun. 27, 2020 USD ($)	Jul. 03, 2021 USD ($) numberOfSegments	Jun. 27, 2020 USD ($)
Segment Reporting Information [Line Items]
Number of operating segments \| numberOfSegments			3
Net sales:
Net sales	$ 1,751,311	$ 1,543,083	$ 3,259,340	$ 2,746,153
Segment operating profit:
Total operating profit	217,394	202,133	407,516	250,086
Operating profit
General corporate expenses	(54,685)	(50,140)	(114,508)	(107,566)
Restructuring and other action-related charges	(18,664)	(32,279)	(38,057)	(56,603)
Amortization of intangibles	(7,593)	(7,454)	(15,332)	(14,762)
Other expenses	(1,855)	(4,653)	(4,416)	(10,754)
Interest expense, net	(42,440)	(41,075)	(86,900)	(77,102)
Income from continuing operations before income tax expense	173,099	156,405	316,200	162,230
Innerwear
Net sales:
Net sales	780,650	1,094,814	1,351,085	1,517,216
Segment operating profit:
Total operating profit	186,169	304,524	313,586	386,075
Activewear
Net sales:
Net sales	404,189	168,379	768,192	456,379
Segment operating profit:
Total operating profit	41,047	(5,751)	101,641	2,357
International
Net sales:
Net sales	478,923	251,285	985,184	679,515
Segment operating profit:
Total operating profit	61,900	5,162	149,080	55,907
Other
Net sales:
Net sales	87,549	28,605	154,879	93,043
Segment operating profit:
Total operating profit	9,220	(11,929)	11,106	(15,322)
Total segment operating profit
Segment operating profit:
Total operating profit	298,336	292,006	575,413	429,017
Total
Operating profit
Restructuring and other action-related charges	(18,664)	(32,279)	(38,057)	(56,603)
Cost of Sales
Operating profit
Restructuring and other action-related charges	(1,900)	(18,418)	(4,707)	(40,229)
Selling, general and administrative expenses
Operating profit
Restructuring and other action-related charges	$ (16,764)	$ (13,861)	$ (33,350)	$ (16,374)