0001359841-22-000094 | 10-K | XBRL Viewer

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Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
Consolidated Statements of Income - USD ($) $ in Thousands	Jan. 01, 2022	Jan. 02, 2021	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
Income Statement [Abstract]
Net sales	$ 1,752,349	$ 1,689,145	$ 6,801,240	$ 6,127,161	$ 6,425,716
Cost of sales	1,084,621	1,589,946	4,149,541	4,524,461	3,997,014
Gross profit	667,728	99,199	2,651,699	1,602,700	2,428,702
Selling, general and administrative expenses	512,162	495,706	1,853,971	1,560,034	1,578,017
Operating profit	155,566	(396,507)	797,728	42,666	850,685
Other expenses	47,359	5,003	53,586	20,655	30,201
Interest expense, net	35,307	43,636	163,067	164,238	176,924
Income (loss) from continuing operations before income tax expense	72,900	(445,146)	581,075	(142,227)	643,560
Income tax expense (benefit)	4,946	(152,948)	60,107	(109,940)	70,236
Income (loss) from continuing operations	67,954	(292,198)	520,968	(32,287)	573,324
Income (loss) from discontinued operations, net of tax	(7,921)	(39,966)	(443,744)	(43,292)	27,396
Net income (loss)	$ 60,033	$ (332,164)	$ 77,224	$ (75,579)	$ 600,720
Earnings (loss) per share - basic:
Continuing operations	$ 0.19	$ (0.83)	$ 1.48	$ (0.09)	$ 1.57
Discontinued operations	(0.02)	(0.11)	(1.26)	(0.12)	0.08
Net income (loss)	0.17	(0.95)	0.22	(0.21)	1.65
Earnings (loss) per share - diluted:
Continuing operations	0.19	(0.83)	1.48	(0.09)	1.57
Discontinued operations	(0.02)	(0.11)	(1.26)	(0.12)	0.07
Net income (loss)	$ 0.17	$ (0.95)	$ 0.22	$ (0.21)	$ 1.64

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
Consolidated Statements of Comprehensive Income [Abstract]
Net income (loss)	$ 77,224	$ (75,579)	$ 600,720
Other comprehensive income (loss):
Translation adjustments	(81,181)	104,318	(7,153)
Unrealized gain (loss) on qualifying cash flow hedges, net of tax of $(9,170), $6,870, and $6,222, respectively	22,612	(24,454)	(10,806)
Unrecognized income (loss) from pension and postretirement plans, net of tax of $(25,644), $10,195, and $9,047, respectively	73,925	(29,175)	(25,006)
Total other comprehensive income (loss)	15,356	50,689	(42,965)
Comprehensive income (loss)	$ 92,580	$ (24,890)	$ 557,755

- 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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Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
Consolidated Statements of Comprehensive Income [Abstract]
Tax portion of unrealized gain (loss) on qualifying cash flow hedges	$ (9,170)	$ 6,870	$ 6,222
Tax portion of unrecognized income (loss) from pension and postretirement plans	$ (25,644)	$ 10,195	$ 9,047

Consolidated Balance Sheets - USD ($) $ in Thousands	Jan. 01, 2022	Jan. 02, 2021
Assets
Cash and cash equivalents	$ 536,277	$ 900,615
Trade accounts receivable, net	894,151	768,221
Inventories	1,584,015	1,367,758
Other current assets	186,503	158,700
Current assets held for sale	327,157	234,086
Total current assets	3,528,103	3,429,380
Property, net	441,401	477,821
Right-of-use assets	363,854	432,631
Trademarks and other identifiable intangibles, net	1,220,170	1,293,847
Goodwill	1,133,095	1,158,938
Deferred tax assets	327,804	367,976
Other noncurrent assets	57,009	64,773
Noncurrent assets held for sale	0	494,501
Total assets	7,071,436	7,719,867
Liabilities and Stockholders’ Equity
Accounts payable	1,214,847	891,868
Accrued liabilities and other:
Payroll and employee benefits	155,859	120,892
Advertising and promotion	241,555	173,010
Other	263,364	315,962
Lease liabilities	109,526	136,510
Current portion of long-term debt	25,000	263,936
Current liabilities held for sale	316,902	222,183
Total current liabilities	2,327,053	2,124,361
Long-term debt	3,326,091	3,739,434
Lease liabilities - noncurrent	281,852	331,577
Pension and postretirement benefits	248,518	381,457
Other noncurrent liabilities	185,429	216,091
Noncurrent liabilities held for sale	0	112,989
Total liabilities	6,368,943	6,905,909
Stockholders’ equity:
Preferred stock (50,000,000 authorized shares; $.01 par value) Issued and outstanding — None	0	0
Common stock (2,000,000,000 authorized shares; $.01 par value) Issued and outstanding —349,903,253 and 348,802,220, respectively	3,499	3,488
Additional paid-in capital	315,337	307,883
Retained earnings	935,260	1,069,546
Accumulated other comprehensive loss	(551,603)	(566,959)
Total stockholders’ equity	702,493	813,958
Total liabilities and stockholders’ equity	$ 7,071,436	$ 7,719,867

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jan. 01, 2022	Jan. 02, 2021
Statement of Financial Position [Abstract]
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, shares authorized	2,000,000,000	2,000,000,000
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares issued	349,903,253	348,802,220
Common stock, shares outstanding	349,903,253	348,802,220

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Loss
Beginning Balance at Dec. 29, 2018	$ 872,126	$ 3,613	$ 284,877	$ 1,079,503	$ (495,867)
Beginning Balance, Shares at Dec. 29, 2018		361,330,000
Net income (loss)	600,720			600,720
Dividends ($0.60 per common share)	$ (219,371)			(219,371)
Dividends, per common share	$ 0.60
Other comprehensive income (loss)	$ (42,965)				(42,965)
Stock-based compensation	8,908		8,908
Net exercise of stock options, vesting of restricted stock units and other, shares		1,119,000
Net exercise of stock options, vesting of restricted stock units and other	(3,753)	$ 11	(3,764)
Modification of deferred compensation plans	14,374		14,374
Cumulative effect of change in adoption of leases standard	6,556			6,556
Stranded tax related to U.S. pension plan	0			78,816	(78,816)
Ending Balance at Dec. 28, 2019	1,236,595	$ 3,624	304,395	1,546,224	(617,648)
Ending Balance, Shares at Dec. 28, 2019		362,449,000
Net income (loss)	(75,579)			(75,579)
Dividends ($0.60 per common share)	$ (213,230)			(213,230)
Dividends, per common share	$ 0.60
Other comprehensive income (loss)	$ 50,689				50,689
Stock-based compensation	18,664		18,664
Net exercise of stock options, vesting of restricted stock units and other, shares		817,000
Net exercise of stock options, vesting of restricted stock units and other	(2,912)	$ 9	(2,921)
Share repurchases, shares		(14,464,000)
Share repurchases	(200,269)	$ (145)	(12,255)	(187,869)
Ending Balance at Jan. 02, 2021	$ 813,958	$ 3,488	307,883	1,069,546	(566,959)
Ending Balance, Shares at Jan. 02, 2021	348,802,220	348,802,000
Net income (loss)	$ 77,224			77,224
Dividends ($0.60 per common share)	$ (211,510)			(211,510)
Dividends, per common share	$ 0.60
Other comprehensive income (loss)	$ 15,356				15,356
Stock-based compensation	16,290		16,290
Net exercise of stock options, vesting of restricted stock units and other, shares		1,101,000
Net exercise of stock options, vesting of restricted stock units and other	(8,825)	$ 11	(8,836)
Ending Balance at Jan. 01, 2022	$ 702,493	$ 3,499	$ 315,337	$ 935,260	$ (551,603)
Ending Balance, Shares at Jan. 01, 2022	349,903,253	349,903,000

Consolidated Statements of Cash Flows $ in Thousands	12 Months Ended
Consolidated Statements of Cash Flows $ in Thousands	Jan. 01, 2022 USD ($)	Jan. 02, 2021 USD ($)	Dec. 28, 2019 USD ($)
Operating activities:
Net income (loss)	$ 77,224	$ (75,579)	$ 600,720
Adjustments to reconcile net income (loss) to net cash from operating activities:
Depreciation	81,669	95,759	96,030
Amortization of acquisition intangibles	20,390	24,718	24,868
Other amortization	12,139	11,969	10,069
Inventory write-down charges	0	584,671	0
Impairment of intangible assets and goodwill	163,047	45,492	0
Loss on classification of assets held for sale	312,359	0	0
Loss on extinguishment of debt	43,739	0	0
Amortization of debt issuance costs	12,305	11,565	10,731
Stock compensation expense	16,630	18,969	9,277
Deferred taxes	3,934	(161,215)	41,817
Other	(2,084)	8,501	5,033
Changes in assets and liabilities:
Accounts receivable	(181,173)	(6,945)	45,157
Inventories	(293,455)	(136,057)	147,330
Other assets	(40,636)	(1,144)	(6,597)
Accounts payable	368,753	(32,641)	(67,390)
Accrued pension and postretirement benefits	(40,768)	(18,832)	(9,843)
Accrued liabilities and other	69,336	79,238	(103,770)
Net cash from operating activities	623,409	448,469	803,432
Investing activities:
Capital expenditures	(69,272)	(53,735)	(101,084)
Proceeds from sales of assets	2,809	671	4,884
Acquisition of businesses, net of cash acquired	0	0	(25,232)
Other	14,008	11,982	11,772
Net cash from investing activities	(52,455)	(41,082)	(109,660)
Financing activities:
Borrowings on Term Loan Facilities	1,000,000	0	0
Repayments on Term Loan Facilities	(925,000)	0	(413,498)
Borrowings on Accounts Receivable Securitization Facility	0	227,061	246,417
Repayments on Accounts Receivable Securitization Facility	0	(227,061)	(408,025)
Borrowings on Revolving Loan Facilities	0	1,638,000	3,198,277
Repayments on Revolving Loan Facilities	0	(1,756,189)	(3,199,592)
Borrowings on Senior Notes	0	700,000	0
Repayments on Senior Notes	(700,000)	0	0
Borrowings on International Debt	0	31,222	27,680
Repayments on International Debt	0	(36,383)	(48,327)
Borrowings on notes payable	149,287	234,682	341,117
Repayments on notes payable	(149,739)	(239,008)	(342,576)
Share repurchases	0	(200,269)	0
Cash dividends paid	(209,484)	(210,385)	(216,958)
Payments to amend and refinance credit facilities	(43,186)	(15,018)	(1,203)
Other	(9,898)	(4,483)	(7,322)
Net cash from financing activities	(888,020)	142,169	(824,010)
Effect of changes in foreign exchange rates on cash	(32,908)	31,124	4,429
Change in cash, cash equivalents and restricted cash	(349,974)	580,680	(125,809)
Cash, cash equivalents and restricted cash at beginning of year	910,603	329,923	455,732
Cash, cash equivalents and restricted cash at end of year	560,629	910,603	329,923
Less restricted cash at end of year	0	1,166	1,047
Cash and cash equivalents at end of year	560,629	909,437	328,876
Balances included in the Consolidated Balance Sheets:
Cash and cash equivalents	536,277	900,615
Cash and cash equivalents at end of year	560,629	909,437	328,876
Discontinued Operations, Held-for-sale \| European Innerwear
Adjustments to reconcile net income (loss) to net cash from operating activities:
Loss on classification of assets held for sale	273,995	0	$ 0
Cash and cash equivalents included in current assets held for sale	$ 24,352	$ 8,822

Basis of Presentation	12 Months Ended
Basis of Presentation	Jan. 01, 2022
Text Block [Abstract]
Basis of Presentation	Basis of Presentation Hanesbrands Inc., a Maryland corporation (the “Company”), is a consumer goods company with a portfolio of leading apparel brands, including Hanes, Champion, Bonds, Bali, Maidenform, Playtex, Bras N Things, JMS/Just My Size, Alternative, Berlei, Wonderbra, Gear for Sports and Comfortwash. The Company designs, manufactures, sources and sells a broad range of basic apparel such as T-shirts, bras, panties, shapewear, underwear, socks and activewear. The Company’s fiscal year ends on the Saturday closest to December 31. All references to “2021”, “2020” and “2019” relate to the 52-week fiscal year ended on January 1, 2022, the 53-week fiscal year ended on January 2, 2021 and the 52-week fiscal year ended on December 28, 2019, respectively. Two subsidiaries of the Company close one day after the Company’s consolidated year end. The difference in reporting of financial information for these subsidiaries did not have a material impact on the Company’s financial condition, results of operations or cash flows. Business Strategy In late 2020, the Company undertook a comprehensive global business review focused on building consumer-centric growth. The review resulted in the Company’s Full Potential plan, which is its multi-year growth strategy that focuses on four pillars to drive growth and enhance long-term profitability and identifies the initiatives to unlock growth. The Company’s four pillars of growth are to grow the Champion brand globally, drive growth in Innerwear with brands and products that appeal to younger consumers, drive consumer-centricity by delivering innovative products and improving awareness through investments in brand marketing and digital capabilities, and streamline its global portfolio. In the fourth quarter of 2020, the Company began the implementation of its Full Potential plan and as part of its strategy to streamline its portfolio, the Company determined that its personal protective equipment (“PPE”) business was no longer a growth opportunity and recorded a charge of $362,913 to write down its entire PPE inventory balance to its estimated net realizable value and a charge of $26,400 to accrue for vendor commitments for PPE materials that were paid in 2021. Additionally, the Company commenced an initiative to reduce 20% of its SKUs in inventory in order to streamline product offerings while also implementing a formal lifecycle management process. As a result, the Company recorded a charge of $192,704 to write down inventory to its estimated net realizable value taking into account these initiatives. These initiatives will position the Company for long-term growth by driving higher margin sales, lowering costs and improving service to customers. In the first quarter of 2021, the Company announced that as part of its Full Potential 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 Consolidated Statements of Income, and to present the related assets and liabilities as held for sale in the Consolidated Balance Sheets. These changes have been applied to all periods presented. On November 4, 2021, the Company announced that it reached an agreement to sell its European Innerwear business to an affiliate of Regent, L.P., pending the completion of consultation with the European and French works councils representing employees of the European Innerwear business and customary closing conditions. See Note “Assets and Liabilities Held for Sale” for additional information. In addition, in the fourth quarter of 2021, the Company reached the decision to divest its U.S. Sheer Hosiery business, including the L’eggs brand, as part of its strategy to streamline its portfolio under its Full Potential plan. The Company determined that its U.S. Sheer Hosiery business met held-for-sale accounting criteria in the fourth quarter of 2021, and the related assets and liabilities are presented as held for sale in the Consolidated Balance Sheets at January 1, 2022. The operations of the U.S. Sheer Hosiery business are reported in “Other” for all periods presented in Note “Business Segment Information”. The Company is currently exploring potential purchasers for this business and expects to complete the sale of this business within one year. See Note “Assets and Liabilities Held for Sale” for additional information. Impact of COVID-19 The global coronavirus ("COVID-19") pandemic impacted the Company’s business operations and financial results in 2020 and 2021, primarily through reduced traffic and closures of Company-operated and third-party retail locations for portions of each of 2021 and 2020 in certain markets and global supply chain disruptions in both periods. In 2020, sales of PPE, used to help mitigate the spread of the COVID-19 virus, partially offset the negative impact of the decline in net sales and earnings due to the COVID-19 pandemic on the Company’s financial results. In 2020, the Company’s operating results also reflected impairment charges related to intangible assets and goodwill, charges to reserve for increased excess and obsolete inventory, bad debt charges and charges to re-start the Company’s supply chain following the extended shut-down of parts of its manufacturing network in 2020 due to the ongoing effects of the COVID-19 pandemic. Global supply chain disruptions primarily due to port congestion, transportation delays as well as labor and container shortages have resulted in higher operating costs and higher levels of inflation. The future impact of the COVID-19 pandemic remains highly uncertain, and the Company’s business and results of operations, including its net revenues, earnings and cash flows, could continue to be adversely impacted. See Part I, Item 1A. “Risk Factors” in this Annual Report on Form 10-K for additional discussion.

Summary of Significant Accounting Policies	12 Months Ended
Summary of Significant Accounting Policies	Jan. 01, 2022
Text Block [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies (a) Consolidation The accompanying consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation, except for certain intercompany sales and related profit and receivables from the Company’s supply chain to the European Innerwear business, which is classified as discontinued operations in the consolidated financial statements. See Note “Assets and Liabilities Held for Sale” for additional information. (b) Use of Estimates The preparation of consolidated financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires management to make use of estimates and assumptions that affect the reported amount of assets and liabilities, certain financial statement disclosures at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results may vary from these estimates. (c) Foreign Currency Translation Foreign currency-denominated assets and liabilities are translated into U.S. dollars at exchange rates existing at the respective balance sheet dates. Translation adjustments resulting from fluctuations in exchange rates are recorded as a separate component of accumulated other comprehensive loss (“AOCI”) within stockholders’ equity. The Company translates the results of operations of its foreign operations at the average exchange rates during the respective periods. Gains and losses resulting from foreign currency transactions are included in both the “Cost of sales” and “Selling, general and administrative expenses” lines in the Consolidated Statements of Income. (d) Sales Recognition and Incentives The Company recognizes revenue 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. The Company records a sales reduction for returns and allowances based upon historical return experience. The Company earns royalty revenues 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 licensee. The Company offers a variety of sales incentives to resellers and consumers of its products, and the policies regarding the recognition and display of these incentives within the Consolidated Statements of Income are as follows: Discounts, Coupons, and Rebates The Company provides customers with discounts and rebates that are explicitly stated in the Company’s contracts and are recorded as a reduction of revenue in the period the product revenue is recognized. The cost of these incentives is estimated using a number of factors, including historical utilization and redemption rates. The Company includes incentives offered in the form of free products in the determination of cost of sales. For all variable consideration, where appropriate, the Company estimates the amount using the expected value, which takes into consideration historical experience, current contractual requirements, specific known market events and forecasted customer buying and payment patterns. Overall, these reserves reflect the Company’s best estimates of the amount of consideration to which the customer is entitled based on the terms of the contracts. Volume-Based Incentives Volume-based incentives involve rebates or refunds of cash that are redeemable only if the customer completes a specified number of sales transactions. Under these incentive programs, the Company estimates the anticipated rebate to be paid and allocates a portion of the estimated cost of the rebate to each underlying sales transaction with the customer. The Company records volume-based incentives as a reduction of revenue. Cooperative Advertising Under cooperative advertising arrangements, the Company agrees to reimburse the retailer for a portion of the costs incurred by the retailer to advertise and promote certain of the Company’s products. The Company recognizes the cost of cooperative advertising programs in the period in which the advertising and promotional activity takes place as a reduction of revenue. Fixtures and Racks Store fixtures and racks are periodically used by resellers to display Company products. The Company expenses the cost of these fixtures and racks in the period in which they are delivered to the resellers. The Company includes the costs of fixtures and racks incurred by resellers and charged back to the Company in the determination of net sales. Fixtures and racks purchased by the Company and provided to resellers are included in the “Selling, general and administrative expenses” line in the Consolidated Statements of Income. Product Returns The Company generally offers customers a limited right of return for a purchased product. The Company estimates the amount of its product sales that may be returned by its customers and records this as a reduction of revenue in the period the related product revenue is recognized. (e) Advertising Expense Advertising represents one of several brand building methods used by the Company. Advertising costs, which include the development and production of advertising materials and the communication of these materials through various forms of media, are expensed in the period the advertising first takes place. The Company recognized advertising expense in the “Selling, general and administrative expenses” line in the Consolidated Statements of Income of $208,998, $113,586 and $143,734 in 2021, 2020 and 2019, respectively. (f) Shipping and Handling Costs Revenue received for shipping and handling costs is included in net sales and was $19,461, $18,943 and $19,536 in 2021, 2020 and 2019, respectively. Shipping costs, which comprise payments to third-party shippers, and handling costs, which consist of warehousing costs in the Company’s various distribution facilities, were $447,131, $389,252 and $394,906 in 2021, 2020 and 2019, respectively. The Company recognizes shipping, handling and distribution costs in the “Selling, general and administrative expenses” line in the Consolidated Statements of Income. (g) Research and Development Research and development costs are expensed as incurred and are included in the “Selling, general and administrative expenses” line in the Consolidated Statements of Income. Research and development includes expenditures for new product, technological improvements for existing products and process innovation, which primarily consist of salaries, consulting and supplies attributable to time spent on research and development activities. Additional costs include depreciation and maintenance for research and development equipment and facilities. Research and development expense was $39,320, $37,367 and $41,782 in 2021, 2020 and 2019, respectively. (h) Defined Contribution Benefit Plans The Company sponsors 401(k) plans as well as other defined contribution benefit plans. Expense for these plans was $37,979, $34,720 and $27,938 in 2021, 2020 and 2019, respectively. (i) Cash and Cash Equivalents All highly liquid investments with an original maturity of three months or less at the time of purchase are considered to be cash equivalents. Cash that is subject to legal restrictions or is unavailable for general operating purposes is classified as restricted cash and is included within “Other current assets” in the Consolidated Balance Sheets. As of January 2, 2021, an indemnification escrow balance of A$1,517 (U.S. $1,166) related to the Company’s 2018 acquisition of BNT Holdco Pty Limited was held in one of the Company’s bank accounts and classified as restricted cash in the “Other current assets” line in the Consolidated Balance Sheets. This balance was paid to the sellers in the second quarter of 2021. The Company had no restricted cash as of January 1, 2022. (j) Accounts Receivable Valuation Accounts receivable are stated at their net realizable value. The allowance for doubtful accounts reflects the Company’s best estimate of probable losses inherent in the accounts receivable portfolio. Trade receivables are evaluated on a collection (pool) basis and aggregated on the basis of similar risk characteristics which are determined on the basis of historical losses, the aging of trade receivables, industry trends, and its customers’ financial strength, credit standing and payment and default history. (k) Inventory Valuation Inventories are stated at the estimated lower of cost or net realizable value. Cost is determined by the first-in, first-out, or “FIFO,” method for inventories. Obsolete, damaged, and excess inventory is carried at the net realizable value, which is determined by assessing historical recovery rates, current market conditions and future marketing and sales plans. Rebates, discounts and other cash consideration received from a vendor related to inventory purchases are reflected as reductions in the cost of the related inventory item and are therefore reflected in cost of sales when the related inventory item is sold. (l) Property Property is stated at historical cost and depreciation expense is computed using the straight-line method over the estimated useful lives of the assets. Machinery and equipment is depreciated over periods ranging from one to 15 years and buildings and building improvements over periods of up to 40 years. A change in the depreciable life is treated as a change in accounting estimate and the accelerated depreciation is accounted for in the period of change and future periods. Additions and improvements that substantially extend the useful life of a particular asset and interest costs incurred during the construction period of major properties are capitalized. Repairs and maintenance costs are expensed as incurred. Upon sale or disposition of an asset, the cost and related accumulated depreciation are removed from the accounts. Property is tested for recoverability whenever events or changes in circumstances indicate that its carrying value may not be recoverable. Such events include significant adverse changes in the business climate, several periods of operating or cash flow losses, forecasted continuing losses or a current expectation that an asset or an asset group will be disposed of before the end of its useful life. Recoverability of property is evaluated by a comparison of the carrying amount of an asset or asset group to future net undiscounted cash flows expected to be generated by the asset or asset group. If these comparisons indicate that an asset is not recoverable, the impairment loss recognized is the amount by which the carrying amount of the asset exceeds the estimated fair value. When an impairment loss is recognized for assets to be held and used, the adjusted carrying amount of those assets is depreciated over its remaining useful life. Restoration of a previously recognized impairment loss is not permitted under GAAP. (m) Leases In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-02, “Leases (Topic 842)”, which requires lessees to recognize a right-of-use asset and a lease liability for all leases that are not short-term in nature. The Company adopted the new rules in the first quarter of 2019 utilizing the modified retrospective method and elected the package of practical expedients permitted under the transition guidance within the new standard which among other things, allowed the Company to carry forward the historical lease classification. The Company did not elect the hindsight practical expedient to determine the lease term for existing leases. The Company determines whether an arrangement is a lease at inception. The Company has operating leases for real estate (primarily retail stores and operating facilities) and certain equipment. The Company’s finance leases are not material. Leases with a term of 12 months or less are not recorded on the balance sheet; the Company recognizes lease expense for these leases on a straight-line basis over the lease term. For lease agreements entered into after adoption of Topic 842, the Company combines lease and nonlease components as a single component for all asset classes. The exercise of lease renewal options is at the Company’s sole discretion. In general, for leased retail real estate, the Company will not include renewal options in the underlying lease term. However, if a situation arises where the lessor has control over the option periods, then the Company will include these periods within the lease term. The depreciable life of assets and leasehold improvements are limited by the expected lease term. Certain of the Company’s lease agreements include rental payments based on a percentage of retail sales over contractual levels and others include rental payments adjusted periodically for inflation. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. As most of the Company’s leases do not provide an implicit rate, the Company uses its incremental borrowing rate based on the information available at the lease commencement date in determining the present value of lease payments. In light of temporary store closures related to the COVID-19 pandemic, the Company took actions in 2020 and 2021 with respect to certain of its existing leases, including withholding rent payments and engaging with landlords to obtain rent deferrals and other rent concessions. Consistent with updated guidance from the FASB in April 2020, the Company elected to treat agreed-upon payment deferrals that resulted in the total payments required by the modified contract being substantially the same as total payments required by the contract as if there were no modifications to the lease contract. The Company elected to treat other agreed-upon rent concessions, which resulted in reduced minimum lease payments, as variable lease payments. For any agreed-upon rent concessions, which change the payment terms from minimum rental amounts to amounts based on a percentage of sales volume, the Company elected to treat such changes as lease modifications under the current lease guidance. (n) Trademarks and Other Identifiable Intangible Assets The primary identifiable intangible assets of the Company are trademarks, licensing agreements, customer and distributor relationships and computer software. Identifiable intangible assets with finite lives are amortized and those with indefinite lives are not amortized. The estimated useful life of a finite-lived intangible asset is based upon a number of factors, including the effects of demand, competition, expected changes in distribution channels and the level of maintenance expenditures required to obtain future cash flows. Trademarks determined to have finite lives are generally amortized over periods ranging from 10 to 20 years, license agreements are generally amortized over periods ranging from three to 15 years, customer and distributor relationships are generally amortized over periods ranging from one to 15 years and computer software and other intangibles are generally amortized over periods ranging from one to 13 years. Identifiable intangible assets that are subject to amortization are evaluated for impairment using a process similar to that used in evaluating elements of property. Identifiable intangible assets not subject to amortization are assessed for impairment at least annually, as of the first day of the third fiscal quarter, and as triggering events occur. The impairment test for identifiable intangible assets not subject to amortization consists of comparing the fair value of the intangible asset, which is determined using the income approach, to its carrying value. If the carrying value exceeds the fair value of the asset, an impairment loss is recognized in an amount equal to such excess. Fair values of intangible assets are primarily based on future cash flows projected to be generated from that asset. In performing the discounted cash flow analysis, management makes various judgments, estimates and assumptions, the most significant of which are the assumptions related to revenue growth rates, operating profit margin rates, terminal growth rates, and discount rates. Rates used to discount cash flows are dependent upon interest rates and the cost of capital at a point in time. There are inherent uncertainties related to these factors and management’s judgment in applying them to the analysis of intangible asset impairment. The Company capitalizes internal software development costs incurred during the application development stage, which include the actual costs to purchase software from vendors and generally include personnel and related costs for employees who were directly associated with the enhancement and implementation of purchased computer software. Additions to computer software are included in the “Capital expenditures” line in the Consolidated Statements of Cash Flows. (o) Goodwill Goodwill is the amount by which the purchase price exceeds the fair value of the assets acquired and liabilities assumed in a business combination. When a business combination is completed, the assets acquired and liabilities assumed are assigned to the reporting unit or units of the Company given responsibility for managing, controlling and generating returns on these assets and liabilities. In many instances, all of the acquired assets and assumed liabilities are assigned to a single reporting unit and in these cases, all of the goodwill is assigned to the same reporting unit. In those situations in which the acquired assets and liabilities are allocated to more than one reporting unit, the goodwill to be assigned to each reporting unit is determined in a manner similar to how the amount of goodwill recognized in a business combination is determined. Goodwill is not amortized; however, it is assessed for impairment at least annually, as of the first day of the third quarter, and as triggering events occur. In evaluating the recoverability of goodwill, the Company estimates the fair value of its reporting units, which is determined using the income approach, and compares it to the carrying value. If the carrying value of the reporting unit exceeds its fair value, an impairment loss is recognized in an amount equal to such excess. Fair values of reporting units are primarily based on future cash flows projected to be generated from that business. In performing the discounted cash flow analysis, management makes various judgments, estimates and assumptions, the most significant of which are the assumptions related to revenue growth rates, operating profit margin rates, terminal growth rates, and discount rates. Rates used to discount cash flows are dependent upon interest rates and the cost of capital at a point in time. There are inherent uncertainties related to these factors and management’s judgment in applying them to the analysis of goodwill impairment. (p) Insurance Reserves The Company is self-insured for property, workers’ compensation, medical and other casualty programs up to certain stop-loss limits. Undiscounted liabilities for self-insured exposures are accrued at the present value of the expected aggregate losses below those limits and are based on a number of assumptions, including historical trends, actuarial assumptions and economic conditions. (q) Stock-Based Compensation The Company established the Hanesbrands Inc. Omnibus Incentive Plan (As Amended and Restated), (the “Omnibus Incentive Plan”) to award stock options, stock appreciation rights, restricted stock, restricted stock units, deferred stock units, performance shares and cash to its employees, non-employee directors and employees of its subsidiaries to promote the interests of the Company, incent performance and retain employees. Stock-based compensation is estimated at the grant date based on the award’s fair value and is recognized as expense over the requisite service period. The Company estimates forfeitures for stock-based awards granted that are not expected to vest. (r) Income Taxes Deferred taxes are recognized for the future tax effects of temporary differences between financial and income tax reporting using tax rates in effect for the years in which the differences are expected to reverse. Given continuing losses in certain jurisdictions in which the Company operates on a separate return basis, a valuation allowance has been established for the deferred tax assets in these specific locations. The Company periodically estimates the probable tax obligations using historical experience in tax jurisdictions and informed judgment. There are inherent uncertainties related to the interpretation of tax regulations in the jurisdictions in which the Company transacts business. The judgments and estimates made at a point in time may change based on the outcome of tax audits, as well as changes to, or further interpretations of, regulations. Income tax expense is adjusted in the period in which these events occur, and these adjustments are included in the Company’s Consolidated Statements of Income. If such changes take place, there is a risk that the Company’s effective tax rate may increase or decrease in any period. A company must recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate resolution. The Company continues to use a portfolio approach to release the income tax effects in accumulated other comprehensive loss related to pension and postretirement benefits. Under this approach, the income tax effects are released from accumulated other comprehensive loss based on the pre-tax adjustments to pension liabilities or assets recognized within other comprehensive income. Any tax effects remaining in accumulated other comprehensive loss are released only when the entire portfolio of the pension and postretirement benefits is liquidated, sold or extinguished. (s) Financial Instruments The Company uses forward foreign exchange contracts and cross-currency swap contracts to manage its exposures to movements in foreign exchange rates. 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. The use of these derivative and nonderivative financial instruments modifies the Company’s exposure to these risks with the goal of reducing the risk or cost to the Company. The Company does not use derivatives for trading purposes and is not a party to leveraged derivative contracts. Depending on the nature of the underlying risk being hedged, these derivative and nonderivative financial instruments are accounted for either as cash flow, net investment or mark to market hedges against changes in the value of the hedged item. Derivatives are recorded in the Consolidated Balance Sheets at fair value. The fair value is based upon either market quotes for actively traded instruments or independent bids for nonexchange traded instruments. The accounting for changes in fair value of a derivative instrument depends on whether the instrument has been designated and qualifies as part of a hedging relationship. The Company determines whether a derivative instrument meets the criteria for cash flow or net investment hedge accounting treatment on the date the derivative is executed. Derivatives accounted for as mark to market hedges are not designated as hedges for accounting purposes. The Company formally documents its hedge relationships, including identifying the hedging instruments and the hedged items, as well as its risk management objectives and strategies for undertaking the hedge transaction. This process includes linking financial instruments to the hedged assets, liabilities, firm commitments, forecasted transactions or net investments. The Company may be exposed to credit losses in the event of nonperformance by individual counterparties or the entire group of counterparties to the Company’s derivative contracts. Risk of nonperformance by counterparties is mitigated by dealing with highly rated counterparties and by diversifying across counterparties. Cash Flow Hedges For a cash flow hedge, the Company formally assesses, both at inception and on at least a quarterly basis thereafter, whether the designated derivative instrument is highly effective in offsetting changes in cash flows of the hedged item. The change in the fair value of a derivative instrument that is designated and highly effective as a cash flow hedge is recorded as a deferred gain or loss in the “Accumulated other comprehensive loss” line in the Consolidated Balance Sheets. When the hedged item affects the income statement, the deferred gain or loss on the derivative instrument is reclassified from AOCI and recorded on the same line in the Consolidated Statements of Income as the hedged item. 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. If it is determined that a designated derivative instrument ceases to be a highly effective cash flow hedge, or if the anticipated transaction is no longer likely to occur, the Company discontinues hedge accounting, and any deferred gain or loss is reclassified from AOCI and recorded on the same line in the Consolidated Statements of Income as the hedged item. Cash flows from derivatives designated as cash flow hedges are classified in the same category as the item being hedged in the Consolidated Statements of Cash Flows. Net Investment Hedges For a net investment hedge, the Company formally assesses, both at inception and on a quarterly basis thereafter, whether the designated financial instrument is highly effective as an economic hedge of foreign exchange risk associated with the hedged net investment. The change in the fair value of a derivative instrument or the change in the carrying value of a nonderivative financial instrument that is designated and highly effective as a net investment hedge is recorded as a deferred gain or loss in the cumulative translation adjustment component of AOCI, offsetting the translation gain or loss for the net investment being hedged. The Company assesses net investment hedge effectiveness and measures net investment hedge results for both derivative and nonderivative hedging instruments on an after-tax basis. The interest component of a cross-currency swap derivative contract designated in a highly effective net investment hedge is excluded from the assessment of hedge effectiveness and is initially recorded in the cumulative translation adjustment component of AOCI. This excluded component is amortized in earnings using a systematic and rational method over the term of the cross-currency swap derivative contract and recorded in the “Interest expense, net” line in the Consolidated Statements of Income. If a net investment hedging relationship ceases to be highly effective, the Company discontinues hedge accounting, and any future change in the fair value of the derivative hedging instrument or future change in the carrying value of the nonderivative hedging instrument is recorded in the “Other expenses” line in the Consolidated Statements of Income, which is where the gain or loss on the sale or substantial liquidation of the underlying net investment would be recorded. However, any deferred gain or loss previously recorded in the cumulative translation adjustment component of AOCI will remain in AOCI until the hedged net investment is sold or substantially liquidated, at which time the cumulative deferred gain or loss is reclassified from AOCI and recorded in the “Other expenses” line in the Consolidated Statements of Income. Cash flows from the periodic and final settlements of the cross-currency swap contracts are reported as cash flows from investing activities in the Consolidated Statements of Cash Flows because the hedged item is a net investment in foreign subsidiaries, and the cash paid or received from acquiring or selling the subsidiaries would typically be classified as investing. Mark to Market Hedges A derivative instrument whose change in fair value is used to hedge against changes in the value of a hedged item, but which is not designated as a hedge under the accounting standards, is accounted for as a mark to market hedge. These derivatives are recorded at fair value in the Consolidated Balance Sheets when the hedged item is recorded as an asset or liability and then are revalued each accounting period. Changes in the fair value of derivatives accounted for as mark to market hedges are reported in the “Cost of sales” and “Selling, general and administrative expenses” lines in the Consolidated Statements of Income. Cash flows from derivatives not designated as hedges are classified as cash flows from operating activities in the Consolidated Statements of Cash Flows. (t) Assets and Liabilities Acquired in Business Combinations Business combinations are accounted for using the purchase method, which requires the Company to allocate the cost of an acquired business to the acquired assets and assumed liabilities based on their estimated fair values at the acquisition date. The Company recognizes the excess of an acquired business’ cost over the fair value of acquired assets and assumed liabilities as goodwill. Fair values are determined using the income approach based on market participant assumptions focusing on future cash flow projections and accepted industry standards. (u) Recently Issued 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. 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 conditions, 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 and does not currently intend to early adopt the new rules. Business Combinations In October 2021, the FASB issued ASU 2021-08, “Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers.” The new accounting rules require entities to apply Topic 606 to recognize and measure contract assets and contract liabilities in a business combination. The new accounting rules will be effective for the Company in the first quarter of 2023, including interim periods within those years. Early adoption is permitted. The adoption impact of the new accounting rules will depend on the magnitude of future acquisitions. (v) Reclassifications Certain prior year amounts in the notes to the Consolidated Financial Statements, have been reclassified to conform with the current year presentation. These classifications within the statements had no impact on the Company’s results of operations. In addition, in the first quarter of 2021, the Company began to separately report the results of its European Innerwear business as discontinued operations in its Consolidated Statements of Income, and to present the related assets and liabilities as held for sale in the Consolidated Balance Sheets for all periods presented.

Assets and Liabilities Held for Sale

12 Months Ended

Jan. 01, 2022

Discontinued Operations and Disposal Groups [Abstract]

Assets and Liabilities Held for Sale, Disclosure

Assets and Liabilities Held for Sale

Assets and liabilities classified as held for sale in the Consolidated Balance Sheets as of January 1, 2022 and January 2, 2021 consist of the following:


	January 1, 2022		January 2, 2021
U.S. Sheer Hosiery business - continuing operations	$	5,426	$	—
European Innerwear business - discontinued operations	321,731		234,086
Total current assets held for sale	$	327,157	$	234,086

Noncurrent assets held for sale - European Innerwear business - discontinued operations	$	—	$	494,501

U.S. Sheer Hosiery business - continuing operations	$	5,426	$	—
European Innerwear business - discontinued operations	311,476		222,183
Total current liabilities held for sale	$	316,902	$	222,183

Noncurrent liabilities held for sale - European Innerwear business - discontinued operations	$	—	$	112,989

U.S. Sheer Hosiery Business - Continuing Operations

In 2020, the Company determined that there was a triggering event associated with its U.S. Sheer Hosiery reporting unit due to a significant decline in performance below management’s expectations and loss of a future wholesale sheer hosiery program. As a result, the Company recorded impairment charges for the full amount of goodwill related to the U.S. Sheer Hosiery reporting unit of $25,173, which are reflected in the “Selling, general and administrative expenses” line in the Consolidated Statements of Income in 2020. In the fourth quarter of 2021, the Company reached the decision to divest its U.S. Sheer Hosiery business, including the L’eggs brand, as part of its strategy to streamline its portfolio under its Full Potential plan. The Company determined that its U.S. Sheer Hosiery business met held-for-sale accounting criteria in the fourth quarter of 2021, and the related assets and liabilities are presented as held for sale in the Consolidated Balance Sheets at January 1, 2022. The Company recorded a non-cash charge of $38,364, which is reflected in the “Selling, general and administrative expenses” line in the Consolidated Statements of Income, 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 operations of the U.S. Sheer Hosiery business are reported in “Other” for all periods presented in Note “Business Segment Information”. The Company is currently exploring potential purchasers for this business and expects to complete the sale of this business within one year.

European Innerwear Business - Discontinued Operations

In the first quarter of 2021, the Company announced that as part of its Full Potential 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 Consolidated Statements of Income, and to present the related assets and liabilities as held for sale in the Consolidated Balance Sheets. These changes have been applied to all periods presented. On November 4, 2021, the Company announced that it reached an agreement to sell its European Innerwear business to an affiliate of Regent, L.P., pending the completion of consultation with the European and French works councils representing employees of the European Innerwear business and customary closing conditions. Under the agreement, the purchaser will acquire all of the assets and operating liabilities of the European Innerwear business. The transaction is expected to close in 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, forecasts were revised 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 of certain indefinite-lived trademarks and license agreements as well as the full goodwill balance attributable to the European Innerwear business. As a result of this impairment analysis, a non-cash charge of $155,745 was recorded as "Impairment of intangible assets and goodwill" in the summarized discontinued operations financial information in 2021. In addition, the Company recorded non-cash charges of $7,253 and $273,995 as "Loss on classification of assets held for sale" in the summarized discontinued operations financial information for the quarter and year ended January 1, 2022, 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 January 1, 2022 primarily 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 in 2021 which is reflected in the “Selling, general and administrative expenses” line in the Consolidated Statements 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 in 2020.

The Company expects to continue certain sales from its supply chain to the European Innerwear business on a transitional basis after the sale of the business. Those sales and the related profit are included in continuing operations in the 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 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:


	Years Ended
	January 1, 2022		January 2, 2021		December 28, 2019
Net sales	$	546,558	$	598,322	$	598,548
Cost of sales	294,383		352,758		307,920
Gross profit	252,175		245,564		290,628
Selling, general and administrative expenses	274,408		261,410		251,583
Impairment of intangible assets and goodwill	155,745		20,319		—
Loss on classification of assets held for sale	273,995		—		—
Operating income (loss)	(451,973)		(36,165)		39,045
Other expenses	2,178		2,477		1,223
Interest expense, net	613		2,253		1,655
Income (loss) from discontinued operations before income tax expense	(454,764)		(40,895)		36,167
Income tax expense (benefit)	(11,020)		2,397		8,771
Net income (loss) from discontinued operations, net of tax	$	(443,744)	$	(43,292)	$	27,396

Assets and liabilities of discontinued operations classified as held for sale in the Consolidated Balance Sheets as of January 1, 2022 and January 2, 2021 consist of the following:


	January 1, 2022		January 2, 2021(1)
Cash and cash equivalents	$	24,352	$	8,822
Trade accounts receivable, net	87,353		84,632
Inventories	141,653		123,337
Other current assets	21,926		17,295
Property, net	62,659		67,950
Right-of-use assets	32,603		34,637
Trademarks and other identifiable intangibles, net(2)	205,204		284,170
Goodwill	—		96,692
Deferred tax assets	4,174		5,438
Other noncurrent assets	4,127		5,614
Allowance to adjust assets to estimated fair value, less costs of disposal	(262,320)		—
Total assets of discontinued operations	$	321,731	$	728,587

Accounts payable	$	84,327	$	77,636
Accrued liabilities	122,620		133,431
Lease liabilities	6,562		10,332
Notes payable	329		784
Lease liabilities - noncurrent	27,426		28,775
Pension and postretirement benefits	38,325		46,569
Other noncurrent liabilities	31,887		37,645
Total liabilities of discontinued operations	$	311,476	$	335,172

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

(2)The “Trademarks and other identifiable intangibles, net” line in the table above includes $161,693 and $229,315 of indefinite-lived trademarks as of January 1, 2022 and January 2, 2021, respectively.

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


	Years Ended
	January 1, 2022		January 2, 2021		December 28, 2019
Depreciation	$	2,608	$	11,650	$	10,572
Amortization	$	1,460	$	5,829	$	5,332
Capital expenditures	$	8,462	$	4,160	$	11,827
Impairment of intangible assets and goodwill	$	155,745	$	20,319	$	—
Loss on classification of assets held for sale	$	273,995	$	—	$	—
Capital expenditures included in accounts payable at end of period	$	1,079	$	3,767	$	3,035
Right-of-use assets obtained in exchange for lease obligations	$	8,672	$	3,738	$	2,027

Revenue Recognition

12 Months Ended

Jan. 01, 2022

Revenue from Contract with Customer [Abstract]

Revenue Recognition

Revenue RecognitionRevenue 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:


	Years Ended
		January 1, 2022		January 2, 2021		December 28, 2019
Third-party brick-and-mortar wholesale		$	4,777,623	$	4,334,088	$	4,832,397
Consumer-directed		2,023,617		1,793,073		1,593,319
Total net sales		$	6,801,240	$	6,127,161	$	6,425,716

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, third-party brick-and-mortar wholesale revenue for the year ended January 2, 2021 includes $518,309 of revenue from contracts with governments generated from the sale of both cloth face coverings and gowns for use to help mitigate the spread of the virus during the COVID-19 pandemic.

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
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130556-203045

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130550-203045

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130558-203045

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

+ Details

Earnings Per Share

12 Months Ended

Jan. 01, 2022

Text Block [Abstract]

Earnings Per Share

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:


	Years Ended
	January 1, 2022	January 2, 2021	December 28, 2019
Basic weighted average shares outstanding	351,028	352,766	364,709
Effect of potentially dilutive securities:
Stock options	16	—	430
Restricted stock units	1,031	—	376
Employee stock purchase plan and other	3	—	4
Diluted weighted average shares outstanding	352,078	352,766	365,519

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


	Years Ended
	January 1, 2022	January 2, 2021	December 28, 2019
Stock options	167	219	—
Restricted stock units	32	621	—

In 2020, all potentially dilutive securities were excluded from the diluted earnings per share calculation because the Company incurred a net loss for the year and their inclusion would be anti-dilutive.

Stock-Based Compensation

12 Months Ended

Jan. 01, 2022

Share-based Payment Arrangement [Abstract]

Stock-Based Compensation

The Company established the Omnibus Incentive Plan to award stock options, stock appreciation rights, restricted stock, restricted stock units, deferred stock units, performance shares and cash to its employees, non-employee directors and employees of its subsidiaries to promote the interests of the Company, incent performance and retain employees. In April 2020, the stockholders of the Company approved the Hanesbrands Inc. 2020 Omnibus Incentive Plan (the “2020 Omnibus Plan”). The Company satisfies the requirement for common shares for share-based payments to employees pursuant to the 2020 Omnibus Plan by issuing newly authorized shares. The 2020 Omnibus Plan authorized a total of 11,000 shares of common stock of the Company for awards granted under the 2020 Omnibus Plan, plus the number of shares of common stock of the Company available for grant under the predecessor Hanesbrands Inc. Omnibus Incentive Plan (the “Prior Plan”) that had not yet been made subject to awards under the Prior Plan as of the effective date of the 2020 Omnibus Plan. The 2020 Omnibus Plan authorized 74,220 shares for awards of stock options and restricted stock units, of which 16,469 shares were available for future grants as of January 1, 2022.

In addition, during 2020, the Company granted stock awards to two newly hired executive officers outside of the 2020 Omnibus Plan in reliance on the employment inducement exemption under the New York Stock Exchange’s Listed Company Manual Rule 303A.08.

Stock Options

Under the Omnibus Incentive Plan, the exercise price of each stock option equals the closing market price of the Company’s stock on the date of grant. Options granted vest ratably over three years and can be exercised over a term of 10 years. The fair value of each option grant was estimated on the date of grant using the Black-Scholes option-pricing model. There were no options granted during 2021, 2020 or 2019 under the Omnibus Incentive Plan.

During 2020, the Company granted 250 stock options to a newly hired executive officer outside of the 2020 Omnibus Plan in reliance on the employment inducement exemption under the New York Stock Exchange’s Listed Company Manual Rule 303A.08. The exercise price of each stock option equals either the closing market price of the Company’s stock on the date of grant or the closing market price of the Company’s stock on the date of grant multiplied by a specified exercise premium factor applicable to each option. Options granted vest ratably over three years and can be exercised over a term of 10 years. The fair value of each option grant was estimated on the date of grant using the Black-Scholes option-pricing model. The following table includes the assumptions for the Black-Scholes option-pricing model used in determining the fair value of these options granted during 2020.


	Year Ended
		January 2, 2021
Dividend yield		5.00	%
Risk-free interest rate		0.31	%
Volatility		39.97	%
Expected term (years)		6

The dividend yield assumption is based on the Company’s historical dividend payments. The risk-free rate of interest is based on the yield of a zero-coupon U.S. Treasury bond on the date the award is granted having a maturity approximately equal to the expected term of the award. The expected volatility, expected term and forfeitures are estimated based on the historical experience of the Company’s stock price, exercise experience and employee turnover data, respectively.

A summary of the changes in stock options outstanding to the Company’s employees is presented below:


	Shares	Weighted- Average Exercise Price		Aggregate Intrinsic Value		Weighted- Average Remaining Contractual Term (Years)
Options outstanding at December 29, 2018	783	$	6.51	$	4,449	1.54
Granted	—	—
Exercised	(312)	6.09
Options outstanding at December 28, 2019	471	$	6.79	$	3,786	0.94
Granted	250	17.18
Exercised	(471)	6.79
Options outstanding at January 2, 2021	250	$	17.18	$	22	9.59
Granted	—	—
Exercised	—	—
Options outstanding at January 1, 2022	250	$	17.18	$	200	8.59
Options exercisable at January 1, 2022	83	$	14.32	$	200	8.59

There were no stock option exercises during 2021. The total intrinsic value of options that were exercised during 2020 and 2019 was $3,299 and $3,084, respectively.

Stock Unit Awards

Under the Omnibus Incentive Plan, restricted stock units (“RSUs”) of the Company’s stock are granted to certain Company non-employee directors and employees to incent performance and retention over periods of one to three years. Upon vesting, the RSUs are converted into shares of the Company’s common stock on a one-for-one basis and issued to the grantees. Some RSUs which have been granted under the Omnibus Incentive Plan vest upon continued future service to the Company, while others also have a performanced-based vesting feature. The cost of these awards is determined using the fair value of the shares on the date of grant, and compensation expense is recognized over the period during which the grantees provide the requisite service to the Company.

During 2020, the Company granted 225,399 RSUs to two newly hired executive officers outside of the 2020 Omnibus Plan in reliance on the employment inducement exemption under the New York Stock Exchange’s Listed Company Manual Rule 303A.08. These grants included 119,143 non-performanced based awards which vest upon continued future service to the Company and 106,256 performanced-based awards which have a performanced-based vesting feature. These RSUs are granted to induce employment and incent performance and retention over periods of two to three years. Upon vesting, the RSUs are converted into shares of the Company’s common stock on a one-for-one basis and issued to the grantees. The cost of these awards is determined using the fair value of the shares on the date of grant, and compensation expense is recognized over the period during which the grantees provide the requisite service to the Company.

A summary of the changes in the restricted stock unit awards outstanding is presented below:


	Shares	Weighted- Average Grant Date Fair Value		Aggregate Intrinsic Value		Weighted- Average Remaining Contractual Term (Years)
Nonvested share units outstanding at December 29, 2018	3,261	$	18.53	$	39,747	2.23
Granted — non-performanced based	114	16.20
Granted — performanced based	(93)	20.71
Vested	(1,246)	20.66
Forfeited	(169)	17.52
Nonvested share units outstanding at December 28, 2019	1,867	$	16.93	$	27,692	1.50
Granted — non-performanced based	1,006	14.26
Granted — performanced based	1,124	14.40
Vested	(803)	19.08
Forfeited	(83)	15.53
Nonvested share units outstanding at January 2, 2021	3,111	$	14.64	$	45,361	1.32
Granted — non-performanced based	970	16.11
Granted — performanced based	(149)	16.22
Vested	(1,694)	14.87
Forfeited	(117)	15.36
Nonvested share units outstanding at January 1, 2022	2,121	$	16.53	$	35,455	1.18

The total fair value of shares vested during 2021, 2020 and 2019 was $25,201, $15,325 and $25,730, respectively. Certain participants elected to defer receipt of shares earned upon vesting.

In addition to granting RSUs that vest solely upon continued future service to the Company, the Company also grants performanced-based RSUs where the number of shares of the Company’s common stock that will be received upon vesting range from 0% to 200% of the number of units granted based on the Company’s achievement of certain performance metrics. These performanced-based stock awards, which are included in the table above, represent awards that are earned based on future performance and service. As reported in the above table, the number of performanced-based RSUs granted each year represents the initial units granted on the date of grant plus or minus any adjustment for units that were earned based on the final achievement of the respective performance thresholds.

For all share-based payments under the Omnibus Incentive Plan and outside the Omnibus Incentive Plan in 2020, the Company recognized compensation expense and deferred tax benefits as follows:


	Years Ended
		January 1, 2022		January 2, 2021		December 28, 2019
Compensation expense included in continuing operations		$	16,065	$	18,202	$	8,453
Compensation expense included in discontinued operations		225		462		455
Total compensation expense		$	16,290	$	18,664	$	8,908

Deferred tax benefit recognized in continuing operations		$	2,499	$	1,808	$	1,470

At January 1, 2022, there was $25,019 of total unrecognized compensation cost related to non-vested stock-based compensation arrangements, of which $14,156, $9,586, and $1,277 is expected to be recognized in continuing operations in 2022, 2023, and 2024, respectively.

Trade Accounts Receivable

12 Months Ended

Jan. 01, 2022

Text Block [Abstract]

Trade Accounts Receivable

Allowances for Trade Accounts Receivable

The changes in the Company’s allowance for doubtful accounts and allowance for chargebacks and other deductions are as follows:


	Allowance for Doubtful Accounts		Allowance for Chargebacks and Other Deductions		Total
Balance at December 29, 2018	$	16,466	$	11,438	$	27,904
Charged to expenses	8,458		12,191		20,649
Deductions, write-offs and adjustments	(8,285)		(13,285)		(21,570)
Currency translation	(362)		(131)		(493)
Balance at December 28, 2019	$	16,277	$	10,213	$	26,490
Charged to expenses	31,661		14,631		46,292
Deductions, write-offs and adjustments	(14,986)		(9,864)		(24,850)
Currency translation	651		162		813
Balance at January 2, 2021	$	33,603	$	15,142	$	48,745
Charged to expenses	2,279		24,501		26,780
Deductions, write-offs and adjustments	2,663		(15,245)		(12,582)
Currency translation	(707)		(288)		(995)
Balance at January 1, 2022	$	37,838	$	24,110	$	61,948

Charges to the allowance for doubtful accounts are reflected in the “Selling, general and administrative expenses” line and charges to the allowance for customer chargebacks and other customer deductions are primarily reflected as a reduction in the “Net sales” line in the Consolidated Statements of Income. Deductions and write-offs, which do not increase or decrease income, represent write-offs of previously reserved accounts receivable and allowed customer chargebacks and deductions against gross accounts receivable.

Sales of Accounts Receivable

The Company has entered into agreements to sell selected trade accounts receivable to financial institutions based on programs offered by certain of the Company’s largest customers. As a result of the strong credit worthiness of these customers, the discount taken on most of these programs is less than the marginal borrowing rate on the Company’s variable rate credit facilities. In most agreements, after the sale, the Company does not retain any interests in the receivables and the applicable financial institution services and collects these accounts receivable directly from the customer. Net proceeds of these accounts receivable sale programs are recognized in the Consolidated Statements of Cash Flows as part of operating cash flows.

The Company recognized total funding fees of $3,312, $4,932 and $9,891 in 2021, 2020 and 2019, respectively, for sales of accounts receivable to financial institutions in the “Other expenses” line in the Consolidated Statements of Income.

Inventories

12 Months Ended

Jan. 01, 2022

Text Block [Abstract]

Inventories

Inventories consisted of the following:


	January 1, 2022		January 2, 2021
Raw materials	$	68,683	$	67,111
Work in process	110,246		108,844
Finished goods	1,405,086		1,191,803
	$	1,584,015	$	1,367,758

In the fourth quarter of 2020, the Company began the implementation of its Full Potential plan including a number of actions to simplify its business including streamlining its portfolio and SKU rationalization. Specifically, the Company no longer viewed PPE as a future growth opportunity for the Company. The Company recorded a charge of $362,913 to write down its entire PPE inventory balance to its estimated net realizable value. Additionally, the Company commenced an initiative to reduce 20% of its SKUs in inventory in order to streamline product offerings while also implementing a formal lifecycle management process. As a result, the Company recorded a charge of $192,704 to write down inventory to its estimated net realizable value taking into account its initiatives.

Property, Net

12 Months Ended

Jan. 01, 2022

Text Block [Abstract]

Property, Net

Property is summarized as follows:


	January 1, 2022		January 2, 2021
Land	$	26,368	$	26,850
Buildings and improvements	430,235		455,636
Machinery and equipment	998,891		1,065,541
Construction in progress	42,375		21,234
	1,497,869		1,569,261
Less accumulated depreciation	1,056,468		1,091,440
Property, net	$	441,401	$	477,821

Capital expenditures included in accounts payable at January 1, 2022, January 2, 2021 and December 28, 2019 were $23,085, $14,164 and $16,292, respectively.

Leases

12 Months Ended

Jan. 01, 2022

Leases [Abstract]

Leases Disclosure

Leases

The Company has operating leases for real estate (primarily retail stores and operating facilities) and certain equipment. The Company’s finance leases are not material. The Company’s leases have remaining lease terms of one month to 36 years, some of which include options to extend the leases for up to 15 years, and some of which include options to terminate the leases within one year.

Total operating lease costs, which includes short-term leases and variable cost, were $236,139, $218,506 and $211,020 for 2021, 2020 and 2019, respectively. For 2021, 2020 and 2019, variable costs of $77,496, $69,210 and $64,062, respectively, were included in total operating lease costs. Short-term lease costs were immaterial for 2021, 2020 and 2019.

The following table presents supplemental cash flow and non-cash information related to leases:


	Years Ended
	January 1, 2022		January 2, 2021		December 28, 2019
Cash paid for amounts included in the measurement of lease liabilities - operating cash flows from leases	$	157,138	$	179,591	$	147,597
Right-of-use assets obtained in exchange for lease obligations - non-cash activity	$	59,864	$	47,349	$	64,469

The following table presents supplemental information related to lease terms and discount rates:



	Years Ended
	January 1, 2022		January 2, 2021		December 28, 2019
Weighted average remaining lease term	4.7 years		5.0 years		5.4 years
Weighted average discount rate	4.55	%	4.65	%	4.89	%

The following table presents maturities of operating lease liabilities as of January 1, 2022:


2022	$	127,939
2023	104,410
2024	67,572
2025	46,216
2026	31,469
Thereafter	55,399
Total lease payments	433,005
Less interest	41,627
	$	391,378

As of January 1, 2022, the Company’s additional operating lease contracts that have not yet commenced are immaterial.

Intangible Assets and Goodwill

12 Months Ended

Jan. 01, 2022

Text Block [Abstract]

Intangible Assets and Goodwill

(a) Intangible Assets

The primary components of the Company’s intangible assets and the related accumulated amortization are as follows:


	Gross		Accumulated Amortization		Net Book Value
Year ended January 1, 2022:
Intangible assets subject to amortization:
Trademarks and brand names	$	43,187	$	29,678	$	13,509
Licensing agreements	92,370		65,828		26,542
Customer and distributor relationships	132,971		78,647		54,324
Computer software	97,464		62,064		35,400
Other intangibles	3,984		3,720		264
	$	369,976	$	239,937	130,039
Intangible assets not subject to amortization:
Trademarks					1,087,881
Perpetual licensing agreements and other					2,250
Net book value of intangible assets					$	1,220,170


	Gross		Accumulated Amortization		Net Book Value
Year ended January 2, 2021:
Intangible assets subject to amortization:
Trademarks and brand names	$	37,273	$	30,073	$	7,200
Licensing agreements	92,561		60,608		31,953
Customer and distributor relationships	137,732		69,073		68,659
Computer software	86,054		53,303		32,751
Other intangibles	3,876		3,374		502
	$	357,496	$	216,431	141,065
Intangible assets not subject to amortization:
Trademarks					1,150,532
Perpetual licensing agreements and other					2,250
Net book value of intangible assets					$	1,293,847

In the first quarter of 2021, the Company recorded an impairment charge of $7,302 to fully impair 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. This impairment charge is reflected in the “Selling, general and administrative expenses” line in the Consolidated Statements of Income for the year ended January 1, 2022.

In connection with the annual impairment testing performed in the third quarter of 2021, the Company performed a quantitative assessment, utilizing an income approach to estimate the fair value of each indefinite-lived intangible asset. The most significant assumptions include the weighted average cost of capital, revenue growth rate, terminal growth rate and operating profit margin, all of which are used to estimate the fair value of the indefinite-lived intangible assets. The tests indicated the indefinite-lived intangible assets had fair values that exceeded their carrying values, and no impairment of trademarks or other identifiable intangible assets was identified as a result of the annual testing conducted in 2021.

The amortization expense in continuing operations for intangible assets subject to amortization was $31,069, $30,858 and $29,605 for 2021, 2020 and 2019, respectively. The estimated amortization expense for the next five years, assuming no change in the estimated useful lives of identifiable intangible assets or changes in foreign exchange rates is as follows: $26,398 in 2022, $23,724 in 2023, $20,209 in 2024, $17,920 in 2025 and $11,413 in 2026.

(b) Goodwill

Goodwill and the changes in those amounts during the period are as follows:


	Innerwear		Activewear		International		Other		Total
Net book value at December 28, 2019	$	406,853	$	316,384	$	397,611	$	27,673	$	1,148,521
Impairment	—		—		—		(25,173)		(25,173)
Currency translation	—		—		35,590		—		35,590
Net book value at January 2, 2021	$	406,853	$	316,384	$	433,201	$	2,500	$	1,158,938
Currency translation	—		—		(25,843)		—		(25,843)
Net book value at January 1, 2022	$	406,853	$	316,384	$	407,358	$	2,500	$	1,133,095

In connection with the annual goodwill impairment testing performed during the third quarter of 2021, the Company performed a quantitative assessment utilizing an income approach to estimate the fair value of each reporting unit. The most significant assumptions include the weighted average cost of capital, revenue growth rate, terminal growth rate and operating profit margin, all of which are used to estimate the fair value of the reporting units. The tests indicated the reporting units had fair values that exceeded their carrying values, and no impairment of goodwill was identified as a result of the annual testing conducted in 2021.

Debt

12 Months Ended

Jan. 01, 2022

Debt Disclosure [Abstract]

Debt

A summary of the Company’s debt is presented below:


	Interest Rate as of January 1, 2022	Principal Amount
		January 1, 2022		January 2, 2021		Maturity Date
Senior Secured Credit Facility:
Revolving Loan Facility	—	$	—	$	—	November 2026
Term Loan A	1.38%	1,000,000		625,000		November 2026
Term Loan B	—	—		300,000		—
5.375% Senior Notes	—	—		700,000		—
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%	568,634		610,724		June 2024
Accounts Receivable Securitization Facility	—	—		—		June 2022
		3,368,634		4,035,724
Less long-term debt issuance costs		17,543		32,354
Less current maturities		25,000		263,936
		$	3,326,091	$	3,739,434

As of January 1, 2022 the Company’s primary financing arrangements were the senior secured credit facility (the “Senior Secured Credit Facility”), 4.875% senior notes (the “4.875% Senior Notes”), 4.625% senior notes (the “4.625% Senior Notes”), 3.5% senior notes (the “3.5% Senior Notes”) and the Accounts Receivable Securitization Facility. The outstanding balances at January 1, 2022 and January 2, 2021 are reported in the “Current portion of long-term debt” and “Long-term debt” lines in the Consolidated Balance Sheets.

Senior Secured Credit Facility

In March 2021, the Company repaid the outstanding balance of the Term Loan B which consisted of a required excess cash flow prepayment of $238,936 and a voluntary prepayment of $61,064.

In November 2021, the Company amended and restated its Senior Secured Credit Facility to provide for potential committed aggregate borrowings of up to $2,000,000, consisting of a $1,000,000 Revolving Loan Facility and a $1,000,000 Term Loan Facility, to extend the maturity date of the Senior Secured Credit Facility from December 2022 to November 2026 and to refinance the Australian Revolving Loan Facility that was originally entered into in July 2016 under the Company’s Syndicated Facility as a joinder to the Senior Secured Credit Facility. The Australian Revolving Loan Facility, which was previously amended in July 2021 to extend the maturity date to July 2022, was incorporated into the $1,000,000 Revolving Loan Facility on the date the amendment to the Senior Secured Credit Facility became effective.

The $1,000,000 Revolving Loan Facility, a portion of which is available to be borrowed in Euros or Australian dollars, will be used for general corporate purposes and working capital needs. All borrowings under the Revolving Loan Facility may be repaid and reborrowed from time to time without penalty but must be repaid in full upon maturity.

The proceeds of the $1,000,000 Term Loan Facility were used to refinance the Term Loan A, which resulted in an increase in term loan borrowings of $390,625 on the date the amendment became effective, and to redeem, together with cash on hand, the 5.375% Senior Notes. Outstanding borrowings under the Term Loan A are repayable in equal quarterly installments of the following amounts per annum, calculated as a percentage of the original principal amount: 2.5% in years one and two, 5.0% in years three and four and 7.5% in year five, with the remainder to be repaid at maturity. The Company is required to prepay any outstanding amounts in connection with (i) the incurrence of certain indebtedness and (ii) non-ordinary course asset sales or other dispositions (including as a result of casualty or condemnation) that exceed certain thresholds in any period of twelve-consecutive months, with customary reinvestment provisions.

Redemption of the 5.375% Senior Notes required payment of a make-whole premium of $34,840. The redemption of the 5.375% Senior Notes and the refinancing of the Senior Secured Credit Facility resulted in a non-cash charge of $8,899 for the write-off of unamortized debt issuance costs. The Company incurred fees of $9,729 related to the refinancing, of which $1,960 was charged to expense and $7,769 was capitalized as debt issuance costs that are being amortized to interest expense over the remaining term of the Senior Secured Credit Facility. The make-whole premium payment, debt issuance costs write-off and fees charged to expense resulted in a one-time charge of $45,699, which is reported in the “Other expenses” line in the Consolidated Statements of Income. The cash payments for the make-whole premium and fees capitalized as debt issuance costs are reported in “Net cash from financing activities” in the Consolidated Statements of Cash Flows.

Borrowings under the Senior Secured Credit Facility bear interest at a variable rate based on, at the Company’s option, either LIBOR or an alternative base rate (both as defined in the Senior Secured Credit Facility), or the appropriate LIBOR benchmark for non-U.S. dollar borrowings, plus, in each case, an applicable margin. The applicable margin is based on the Company’s leverage ratio (as defined in the Senior Secured Credit Facility), ranging from a maximum of 1.75% in the case of LIBOR-based loans and 0.75% in the case of base rate loans if the Company’s leverage ratio is greater than or equal to 4.50 to 1.00, and will step down in varying increments to a minimum of 1.00% in the case of LIBOR-based loans and 0.00% in the case of base rate loans if the Company’s leverage ratio is less than 2.25 to 1.00. The applicable margin was 1.25% for LIBOR-based loans and 0.25% for base rate loans as of January 1, 2022. The Senior Secured Credit Facility provides a mechanism for determining an alternative rate of interest in the event that the LIBOR or LIBOR benchmark rates cease to be provided or are no longer representative of the underlying market and economic reality they are intended to measure. Interest is payable quarterly for base rate loans, but the Company has the option to pay interest on a more frequent, or less frequent, basis for LIBOR-based loans.

The commitment fee for the unused portion of the Revolving Loan Facility is based on the Company’s leverage ratio (as defined in the Senior Secured Credit Facility), ranging from a maximum of 0.25% when the leverage ratio is greater than or equal to 4.50 to 1.00, and will step down in varying increments to a minimum of 0.15% when the leverage ratio is less than 2.25 to 1.00. The commitment fee was 0.20% as of January 1, 2022.

A portion of the Revolving Loan Facility is available for the issuances of letters of credit and the making of swingline loans, and any such issuance of letters of credit or making of a swingline loan will reduce the amount available under the Revolving Loan Facility. As of January 1, 2022, the Company had $4,176 of standby and trade letters of credit issued and

outstanding and $995,824 of borrowing availability under the Revolving Loan Facility.

At the Company’s option, it may add one or more tranches of term loans or increase the commitments under the Revolving Loan Facility so long as certain conditions are satisfied, including, among others, that no default or event of default is in existence, the Company is in pro forma compliance with the financial covenants set forth in the Senior Secured Credit Facility and the Company’s senior secured leverage ratio is not greater than 3.50 to 1.00 on a pro forma basis after giving effect to the incurrence of such indebtedness.

The Senior Secured Credit Facility is guaranteed by substantially all of the Company’s existing and future direct and indirect U.S. subsidiaries and certain foreign subsidiaries, with certain customary or agreed-upon exceptions for certain subsidiaries. The Senior Secured Credit Facility is secured by the equity interests of substantially all of the Company’s direct and indirect U.S. subsidiaries and 65% of the voting securities of certain first tier foreign subsidiaries and substantially all present and future property and assets of the Company and each guarantor, except for certain enumerated interests.

The Senior Secured Credit Facility requires the Company to comply with customary affirmative, negative and financial covenants. The financial covenants include a minimum interest coverage ratio and a maximum total debt to EBITDA (earnings before interest, income taxes, depreciation expense and amortization, as computed pursuant to the Senior Secured Credit Facility), or leverage ratio, each of which is defined in the Senior Secured Credit Facility. The method of calculating all of the components used in the covenants is included in the Senior Secured Credit Facility.

The Senior Secured Credit Facility contains customary events of default, including nonpayment of principal when due; nonpayment of interest, fees or other amounts after stated grace period; material inaccuracy of representations and warranties; violations of covenants; certain bankruptcies and liquidations; any cross-default to material indebtedness; certain material judgments; certain events related to the ERISA, actual or asserted invalidity of any guarantee, security document or subordination provision or non-perfection of security interest, and a change in control (as defined in the Senior Secured Credit Facility). As of January 1, 2022, the Company was in compliance with all financial covenants set forth in the Senior Secured Credit Facility agreement.

5.375% Senior Notes

In May 2020, the Company issued $700,000 aggregate principal amount of 5.375% Senior Notes, with interest payable on May 15 and November 15 of each year. The 5.375% Senior Notes, which were scheduled to mature in May 2025, were redeemed in full in November 2021 in connection with the refinancing of the Senior Secured Credit Facility.

4.875% Senior Notes and 4.625% Senior Notes

In May 2016, the Company issued $900,000 aggregate principal amount of 4.875% Senior Notes and $900,000 aggregate principal amount of 4.625% Senior Notes (collectively, the “USD Senior Notes”), with interest payable on May 15 and November 15 of each year. The 4.875% Senior Notes will mature in May 2026 and the 4.625% Senior Notes will mature in May 2024. The issuance of the USD Senior Notes resulted in net proceeds of approximately $1,773,000, which were used to redeem in full the Company’s 6.375% Senior Notes and reduce the outstanding borrowings under the Revolving Loan Facility.

On or after February 15, 2026, in the case of the 4.875% Senior Notes, and February 15, 2024, in the case of the 4.625% Senior Notes, the Company may redeem all or a portion of such notes at a price equal to 100% of the principal amount, plus any accrued and unpaid interest.

The USD Senior Notes are senior unsecured obligations of the Company and are fully and unconditionally guaranteed, subject to certain exceptions, by substantially all of the Company’s current domestic subsidiaries. The indenture governing the USD Senior Notes limits the ability of the Company and its subsidiaries to incur liens, enter into certain sale and leaseback transactions and consolidate, merge or sell all or substantially all of their assets. The indenture also contains customary events of default which include (subject in certain cases to customary grace and cure periods), among others, nonpayment of principal or interest; breach of other agreements in such indenture; failure to pay certain other indebtedness; failure to pay certain final judgments; failure of certain guarantees to be enforceable; and certain events of bankruptcy or insolvency.

The USD Senior Notes were issued in a transaction exempt from registration under the Securities Act and do not require disclosure of separate financial information for the guarantor subsidiaries.

3.5% Senior Notes

In June 2016, the Company issued €500,000 aggregate principal amount of 3.5% Senior Notes, with interest payable on June 15 and December 15 of each year. The 3.5% Senior Notes will mature in June 2024. The issuance of the 3.5% Senior Notes resulted in net proceeds of approximately €492,500, which were used to fund a portion of the acquisition of Champion Europe and Hanes Australasia.

On or after March 15, 2024, the Company may redeem all or a portion of the 3.5% Senior Notes at a price equal to 100% of the principal amount, plus any accrued and unpaid interest. The Company may also redeem all, but not less than all, of the 3.5% Senior Notes upon the occurrence of certain changes in applicable tax law.

The 3.5% Senior Notes are senior unsecured obligations of the Company and are fully and unconditionally guaranteed, subject to certain exceptions, by the Company and certain of its subsidiaries under the Company’s Senior Secured Credit Facility. The indenture governing the 3.5% Senior Notes limits the ability of the Company and other guarantors to incur certain liens, enter into certain sale and leaseback transactions and consolidate, merge or sell all or substantially all of their assets. The indenture also contains customary events of default which include (subject in certain cases to customary grace and cure periods), among others, nonpayment of principal or interest; breach of other agreements in the indenture; failure to pay certain other indebtedness; certain events of bankruptcy, insolvency or reorganization; failure to pay certain final judgments; and failure of certain guarantees to be enforceable.

The 3.5% Senior Notes were issued in a transaction exempt from registration under the Securities Act and do not require disclosure of separate financial information for the guarantor subsidiaries.

Accounts Receivable Securitization Facility

Borrowings under the Accounts Receivable Securitization Facility are permitted only to the extent that the face value of the receivables in the collateral pool, net of applicable concentrations, reserves and other deductions, exceeds the outstanding loans and are also subject to a fluctuating facility limit, which was $175,000 as of January 1, 2022. In March 2021, the Company amended the Accounts Receivable Securitization Facility to decrease the fluctuating facility limit, which was $225,000 as of January 2, 2021, and extend the maturity date from March 2021 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. The Company’s maximum borrowing capacity under the Accounts Receivable Securitization Facility was $175,000 as of January 1, 2022. The Company had $175,000 of borrowing availability under the Accounts Receivable Securitization Facility at January 1, 2022.

Under the terms of the Accounts Receivable Securitization Facility, the Company and certain of its subsidiaries sell or otherwise assign, on an ongoing basis, certain domestic trade receivables to HBI Receivables LLC (“Receivables LLC”), a wholly owned bankruptcy-remote subsidiary that in turn pledges the trade receivables to secure the borrowings, which are funded through conduits and financial institutions that are not affiliated with the Company. Funding under the Accounts Receivable Securitization Facility is received either from conduits party to the Accounts Receivable Securitization Facility through the issuance of commercial paper in the short-term market or through committed bank purchasers. The assets and liabilities of Receivables LLC are fully reflected on the Consolidated Balance Sheets, and the securitization is treated as a secured borrowing by Receivables LLC from the third-party conduits and financial institutions party thereto for accounting purposes, but the assets of Receivables LLC will be used solely to satisfy the creditors of Receivables LLC, not the Company’s other creditors. The borrowings under the Accounts Receivable Securitization Facility remain outstanding throughout the term of the agreement subject to Receivables LLC maintaining sufficient eligible receivables, by continuing to acquire trade receivables from the Company and certain of its subsidiaries, unless an event of default occurs.

Availability of funding under the Accounts Receivable Securitization Facility depends primarily upon the eligible outstanding receivables balance. The outstanding balance under the Accounts Receivable Securitization Facility is reported on the Consolidated Balance Sheets in the line “Accounts Receivable Securitization Facility.” In the case of any creditors party to the Accounts Receivable Securitization Facility that are conduits, the yield on the commercial paper, which is the conduits’ cost to issue the commercial paper plus certain dealer fees, is considered a financing cost and is included in the “Interest expense, net” line in the Consolidated Statements of Income. In the case of any creditors party to the Accounts Receivable Securitization Facility that are committed bank purchasers, the interest rate would be payable at the Company’s option at the rate announced from time to time by PNC Bank, N.A. as its prime rate or at the LIBO Rate (as defined in the Accounts Receivable Securitization Facility) plus the applicable margin in effect from time to time. If the LIBO Rate (as defined in the Accounts

Receivable Securitization Facility) is unavailable or otherwise does not accurately reflect the costs to these creditors related to the borrowings, the interest rate would be the prime rate. These amounts are also considered financing costs and are included in the “Interest expense, net” line in the Consolidated Statements of Income. In addition, Receivables LLC is required to make certain indemnity and other payments to a conduit purchaser, a committed purchaser, or certain entities that provide funding to or are affiliated with them, including in the event that assets and liabilities of a conduit purchaser subject to the Accounts Receivable Securitization Facility are consolidated for financial and/or regulatory accounting purposes with certain other entities.

The Accounts Receivable Securitization Facility contains customary events of default and requires the Company to maintain the same interest coverage ratio and leverage ratio contained from time to time in the Senior Secured Credit Facility, provided that any changes to such covenants will only be applicable for purposes of the Accounts Receivable Securitization Facility if approved by the managing agents or their affiliates. As of January 1, 2022, the Company was in compliance with all financial covenants.

Future Principal Payments

Future principal payments for all of the facilities described above are as follows: $25,000 due in 2022, $37,500 due in 2023, $1,518,634 due in 2024, $62,500 due in 2025 and $1,725,000 due in 2026.

Cash Paid for Interest

Total cash paid for interest related to debt in 2021, 2020 and 2019 was $161,202, $157,094 and $171,458, respectively.

Debt Issuance Costs

During 2021, 2020 and 2019, the Company paid $8,346, $15,010 and $840, respectively, in capitalized debt issuance costs related to the Company’s financing arrangements within continuing operations. Debt issuance costs are amortized to interest expense over the respective lives of the debt instruments, which range from one to 10 years. As of January 1, 2022, the net carrying value of unamortized debt issuance costs for the revolving loan facilities, which is included in “Other noncurrent assets” in the Consolidated Balance Sheets, was $6,805 and the net carrying value of unamortized debt issuance costs for the remainder of the Company’s debt, which is included in “Long-term debt” in the Consolidated Balance Sheets was $17,543. The Company’s debt issuance cost amortization in continuing operations was $12,305, $11,349 and $10,577 in 2021, 2020 and 2019, respectively.

- 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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1I
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1I
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (g)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (a)
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+ Details

Defined Benefit Pension Plans

12 Months Ended

Jan. 01, 2022

Text Block [Abstract]

Defined Benefit Pension Plans

At January 1, 2022, the Company’s pension plans consisted of the Hanesbrands Inc. Pension Plan, various nonqualified retirement plans and international plans, which include certain defined benefit plans acquired in connection with the purchases of Champion Europe and Hanes Australasia. Benefits under the Hanesbrands Inc. Pension Plan were frozen effective December 31, 2005.

The components of net periodic benefit cost and other amounts recognized in other comprehensive income (loss) of the Company’s noncontributory defined benefit pension plans were as follows:


	Years Ended
	January 1, 2022		January 2, 2021		December 28, 2019
Service cost	$	1,488	$	1,406	$	1,555
Interest cost	23,812		33,552		43,153
Expected return on assets	(45,923)		(42,278)		(44,639)
Settlement cost	861		121		9
Amortization of:
Prior service cost	(6)		(6)		(6)
Net actuarial loss	24,440		22,277		20,014
Net periodic benefit cost	$	4,672	$	15,072	$	20,086

Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income (Loss)
Net (gain) loss	$	(96,334)	$	38,484	$	33,436
Prior service credit	6		6		6
Total (gain) loss recognized in other comprehensive income (loss)	(96,328)		38,490		33,442
Total recognized in net periodic benefit cost and other comprehensive income (loss)	$	(91,656)	$	53,562	$	53,528

The funded status of the Company’s defined benefit pension plans at the respective year ends was as follows:


	January 1, 2022		January 2, 2021
Benefit obligation:
Beginning of year	$	1,299,943	$	1,218,127
Service cost	1,488		1,406
Interest cost	23,812		33,552
Benefits paid	(62,525)		(58,482)
Settlements	(2,072)		(1,445)
Impact of exchange rate change	(1,128)		1,926
Actuarial (gain) loss	(43,325)		104,870
Other	(32)		(11)
End of year	1,216,161		1,299,943

Fair value of plan assets:
Beginning of year	920,316		864,172
Actual return on plan assets	73,567		86,569
Employer contributions	44,658		28,194
Benefits paid	(62,525)		(58,482)
Settlements	(2,072)		(1,445)
Impact of exchange rate change	(314)		1,319
Other	(32)		(11)
End of year	973,598		920,316
Funded status	$	(242,563)	$	(379,627)

The actuarial gain in 2021 included in benefit obligations was primarily driven by increases in the U.S. discount rate assumptions. The actuarial loss in 2020 included in benefit obligations was primarily driven by decreases in the U.S. discount rate assumptions. This loss was partially offset by updates to the U.S. mortality assumptions to reflect slightly shorter life expectancies.

As most of the Company’s pension plans are frozen, the accumulated benefit obligation (“ABO”) approximates the benefit obligation. The total benefit obligation and the benefit obligation and fair value of plan assets for the Company’s pension plans with benefit obligations in excess of plan assets are as follows:


	January 1, 2022		January 2, 2021
Benefit obligation	$	1,216,161	$	1,299,943
Plans with benefit obligation in excess of plan assets:
Benefit obligation	1,188,558		1,268,350
Fair value of plan assets	942,733		888,739

Amounts recognized in the Company’s Consolidated Balance Sheets consist of:


	January 1, 2022		January 2, 2021
Other noncurrent assets	$	3,262	$	116
Accrued liabilities and other: Payroll and employee benefits	(2,225)		(3,837)
Pension and postretirement benefits	(243,600)		(375,906)
Accumulated other comprehensive loss	(570,523)		(666,851)

Amounts recognized in accumulated other comprehensive loss consist of:


	January 1, 2022		January 2, 2021
Prior service cost	$	(139)	$	(145)
Actuarial loss	570,662		666,996
Accumulated other comprehensive loss	$	570,523	$	666,851

(a) Measurement Date and Assumptions

A December 31 measurement date is used to value plan assets and obligations for the pension plans. In determining the discount rate, the Company utilizes a full yield curve approach in the calculation of the plan obligation and interest cost and service cost components of net periodic benefit cost. The specific spot rates along the yield curve are applied to the relevant projected cash flows, and single equivalent discount rates are shown for disclosure purposes. The expected long-term rate of return on plan assets was based on the Company’s investment policy target allocation of the asset portfolio among various asset

classes and the expected real returns of each asset class over various periods of time. The weighted average actuarial assumptions used in measuring the net periodic benefit cost and plan obligations for the periods presented were as follows:


	January 1, 2022		January 2, 2021		December 28, 2019
Net periodic benefit cost:
Discount rate	2.55	%	3.25	%	4.37	%
Long-term rate of return on plan assets	4.95		4.97		5.79
Rate of compensation increase(1)	3.10		3.07		4.90
Interest crediting rate	5.50		5.50		5.50

Plan obligations:
Discount rate	2.88	%	2.55	%	3.25	%
Rate of compensation increase(1)	3.09		3.10		3.07
Interest crediting rate	5.50		5.50		5.50

(1)For January 1, 2022 and January 2, 2021, the compensation assumption only applies to certain international plans as the nonqualified retirement plan benefits are now all frozen. For December 28, 2019, the compensation increase assumption applies to certain international plans and portions of the nonqualified retirement plans, as benefits under these plans were not frozen at December 28, 2019.

(b) Plan Assets, Expected Benefit Payments, and Funding

The allocation of pension plan assets as of the respective period end measurement dates is as follows:


	January 1, 2022		January 2, 2021
Asset category:
Hedge fund of funds	37	%	41	%
Foreign equity securities	22		16
U.S. equity securities	21		18
Debt securities	11		17
Real estate	6		5
Commodities	3		2
Cash and other	0		1

The Company’s asset strategy and primary investment objective are to maximize the principal value of the plan assets to meet current and future benefit obligations to plan participants and their beneficiaries. To accomplish this goal, the assets of the plan are broadly diversified to protect against large investment losses and to reduce the likelihood of excessive volatility of returns. Diversification of assets is achieved through strategic allocations to various asset classes, as well as various investment styles within these asset classes, and by retaining multiple, third-party investment management firms with complementary investment styles and philosophies to implement these allocations. The Company has established a target asset allocation based upon analysis of risk/return trade-offs and correlations of asset mixes given long-term historical data, prospective capital market returns and forecasted liabilities of the plans. The target asset allocation approximates the actual asset allocation as of January 1, 2022. In addition to volatility protection, diversification enables the assets of the plan the best opportunity to provide adequate returns in order to meet the Company’s investment return objectives. These objectives include, over a rolling five-year period, to achieve a total return that exceeds the required actuarial rate of return for the plan and to outperform a passive portfolio, consisting of a similar asset allocation.

The Company utilizes market data or assumptions that market participants would use in pricing the pension plan assets. The Level 1 assets consisted primarily of certain U.S. equity securities, certain foreign equity securities, certain debt securities and cash and cash equivalents. Certain foreign equity securities, debt securities, insurance contracts and commodity investments measured at their net asset value, which is determined based on inputs readily available in public markets, and investments in hedge funds of funds and real estate investments that are based on unobservable inputs about which little or no market data exists and are measured at a net asset value per share shall not be categorized within the fair value hierarchy. Refer to Note “Fair Value of Assets and Liabilities” for the Company’s complete disclosure of the fair value of pension plan assets.

Expected benefit payments are as follows: $65,050 in 2022, $65,491 in 2023, $66,161 in 2024, $67,077 in 2025, $68,768 in 2026 and $348,478 in 2027 through 2031.

The Company has no required cash contributions to its U.S. pension plan in 2022 based on a preliminary calculation by its actuary. On January 4, 2021, the Company made a contribution of $40,000 to the U.S. pension plan.

Certain of the international plans, specifically those acquired in connection with the purchase of Champion Europe, are in substance nonretirement postemployment benefit plans, which are future liabilities funded through future operational results of the Company. However, for purposes of consolidation, the Company is including these plans within the defined benefit reporting. At January 1, 2022 and January 2, 2021, the total amounts accrued for these plans were $1,171 and $1,302, respectively and the total expense was $8, $16 and $21 for 2021, 2020 and 2019, respectively.

- Definition

The entire disclosure for retirement benefits.

+ References

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+ Details

Income Taxes

12 Months Ended

Jan. 01, 2022

Text Block [Abstract]

Income Taxes

The Company generated income (loss) from continuing operations before income tax expense of $581,075, $(142,227), and $643,560 for the years 2021, 2020, and 2019, respectively. The provision for income tax expense (benefit) computed by applying the U.S. statutory rate to income (loss) from continuing operations before income tax expense as reconciled to the actual provisions were:


	Years Ended
	January 1, 2022		January 2, 2021		December 28, 2019
Income (loss) from continuing operations before income tax expense:
Domestic	(3.3)	%	445.1	%	(6.9)	%
Foreign	103.3		(345.1)		106.9
	100.0	%	100.0	%	100.0	%

Tax expense at U.S. statutory rate	21.0	%	21.0	%	21.0	%
State income tax	(0.7)		17.0		1.1
Tax on actual and planned remittances of foreign earnings	1.5		5.4		(0.4)
Tax on foreign earnings due to U.S. tax reform including measurement period adjustments (1)	(0.3)		26.9		—
Tax on foreign earnings (U.S. tax reform - GILTI and FDII)	1.7		(2.3)		2.5
Foreign taxes less than U.S. statutory rate	(12.3)		39.0		(13.3)
Statutory stock deduction and Luxembourg Adjustments	—		(34.5)		2.3
Employee benefits	0.3		(2.2)		(0.2)
Other changes in valuation allowance	1.9		(14.2)		1.8
Tax benefits related to tax basis adjustments in acquired intangibles	—		—		(1.8)
Release of unrecognized tax benefit reserves	(0.9)		13.2		(0.6)
State tax rate change	1.0		0.3		0.3
Tax provision adjustments and revisions to prior years' returns	(1.6)		(1.0)		(2.4)
Nondeductible expenses and tax exempt income, net	(0.4)		10.2		—
Nondeductible impairment charges	—		(3.7)		—
Domestic income tax credits	(0.4)		2.3		—
Other, net	(0.5)		(0.1)		0.6
Taxes at effective worldwide tax rates	10.3	%	77.3	%	10.9	%

(1)In 2020, the Company continued to analyze the impacts of the Tax Cuts and Jobs Act (the “Tax Act”) and recently issued regulations that have been published to help taxpayers interpret and apply the legislation. As a result of its analysis, the Company changed its estimate of the tax liability due in connection with the one-time mandatory transition tax and recognized a $38,315 income tax benefit in 2020 and a $4,668 income tax benefit in 2021.

The Company was previously granted income tax rates lower than statutory rates in two foreign jurisdictions through 2019. These lower rates, when compared with the countries’ statutory rates, resulted in an income tax reduction of approximately $344 (negligible impact per diluted share) in 2019. The lower tax rates are not applicable in years beginning after December 28, 2019.

Current and deferred tax provisions (benefits) were:


	Current		Deferred		Total
Year ended January 1, 2022
Domestic	$	(15,176)	$	6,934	$	(8,242)
Foreign	66,844		1,421		68,265
State	(2,948)		3,032		84
	$	48,720	$	11,387	$	60,107

Year ended January 2, 2021
Domestic	$	(7,770)	$	(136,221)	$	(143,991)
Foreign	46,701		34,066		80,767
State	6,256		(52,972)		(46,716)
	$	45,187	$	(155,127)	$	(109,940)

Year ended December 28, 2019
Domestic	$	(22,796)	$	15,213	$	(7,583)
Foreign	66,735		(3,670)		63,065
State	(9,300)		24,054		14,754
	$	34,639	$	35,597	$	70,236


	Years Ended
	January 1, 2022		January 2, 2021		December 28, 2019
Cash payments for income taxes	$	95,011	$	107,577	$	111,451

The deferred tax assets and liabilities at the respective year-ends were as follows:


	January 1, 2022		January 2, 2021
Deferred tax assets:
Nondeductible reserves	$	—	$	272
Inventories	64,425		238,471
Bad debt allowance	15,605		12,075
Accrued expenses	20,863		13,689
Employee benefits	104,845		118,206
Tax credits	4,804		4,170
Net operating loss and other tax carryforwards	410,921		187,889
Leasing	112,423		143,874
Property and equipment	4,707		8,781
Derivatives	—		16,062
Section 163(j)	46,729		3,519
Capitalized research costs	5,873		6,831
Other	—		4,842
Gross deferred tax assets	791,195		758,681
Less valuation allowances	(306,221)		(204,854)
Deferred tax assets	484,974		553,827

Deferred tax liabilities:
Derivatives	10,303		—
Section 481(a) liability	23,881		49,551
Leasing	99,470		128,547
Accrued tax on unremitted foreign earnings	38,812		33,423
Intangibles	43,917		22,026
Other	392		—
Prepaids	434		4,553
Deferred tax liabilities	217,209		238,100

Net deferred tax assets	$	267,765	$	315,727

In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income, and tax planning strategies in making this assessment. Based upon the level of historical taxable income and projections for future taxable income over the periods which the deferred tax assets are deductible, the Company believes it is more likely than not it will realize the benefits of these deductible differences, net of the existing valuation allowances.

The changes in the Company’s valuation allowance for deferred tax assets are as follows:


December 29, 2018	$	182,926
Charged to income tax expense	19,006
Charged to other accounts(1)	(13,378)
December 28, 2019	$	188,554
Charged to income tax expense	14,959
Charged to other accounts(1)	1,341
January 2, 2021	$	204,854
Charged to income tax expense	4,343
Charged to other accounts(1)	97,024
January 1, 2022	$	306,221

(1)Charges to other accounts include the effects of foreign currency translation and purchase accounting adjustments, and changes to valuation allowances as a result of intraperiod tax allocations.

As of January 1, 2022, the valuation allowance for deferred tax assets was $306,221, made up of $282,581 for foreign loss carryforwards, $12,055 for other foreign deferred tax assets, and $11,584 for federal and state operating loss carryforwards. The net change in the total valuation allowance for 2021 was $101,367, which relates to an increase of $137,465 for foreign loss carryforwards, a decrease of $35,315 for other foreign deferred tax assets, and a decrease of $783 for federal and state operating loss carryforwards and other domestic deferred tax assets. The foreign net increase is driven by the Company’s exit of the European Innerwear business.

At January 1, 2022, the Company had foreign net operating loss carryforwards of approximately $1,126,934 which are subject to expiration as follows:


Fiscal Year:
2022	$	4,864
2023	5,570
2024	2,254
2025	3,447
2026	2,536
Thereafter	1,108,263

At January 1, 2022, the Company had domestic tax credit carryforwards totaling $4,804, which expire beginning after 2021.

At January 1, 2022, the Company had federal and state interest carryforwards of approximately $187,961 and $111,901, respectively, which carry forward indefinitely.

At January 1, 2022, the Company had federal and state net operating loss carryforwards of approximately $275,277 and $1,043,166, respectively, which expire beginning after 2021.

The Company has determined that a portion of the Company’s unremitted foreign earnings as of January 1, 2022, totaling approximately $579,152, are not permanently reinvested. The remainder of the Company’s foreign earnings will continue to be permanently reinvested to fund working capital requirements and operations abroad. As of January 1, 2022, the Company has accrued $39,789 of income taxes with respect to the $579,152 of foreign earnings the Company intends to remit in the future. These income tax effects include U.S. federal, state, foreign and withholding tax implications in accordance with the planned remittance of such foreign earnings. An estimate of income tax costs that may be incurred if the permanently reinvested portion of unremitted foreign earnings were in fact remitted is impractical to calculate.

In 2021, 2020, and 2019 the Company recognized reductions of unrecognized tax benefits for tax positions of prior years of $12,599, $18,385, and $44,597, respectively. In 2021, 2020, and 2019, income tax benefits recognized in connection with the expiration of statutes of limitations were $147, $16,655, and $4,016, respectively. The reduction for tax positions of prior years of $12,599 is primarily a result of approval of certain filings by taxing authorities. The Company believes it is reasonably

possible that the amount of unrecognized tax benefits may decrease by $6,509 within the next 12 months due to expirations in statutes of limitations.

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:


Balance at December 29, 2018 (gross balance of $106,517)	$	103,665
Additions based on tax positions related to the current year	2,478
Additions based on tax positions of prior years	19,585
Settlements	(2,730)
Lapse of statute of limitations	(4,016)
Reductions for tax positions of prior years	(44,597)
Balance at December 28, 2019 (gross balance of $78,789)	$	74,385
Additions based on tax positions related to the current year	3,675
Additions based on tax positions of prior years	2,666
Settlements	—
Lapse of statute of limitations	(16,655)
Reductions for tax positions of prior years	(18,385)
Balance at January 2, 2021 (gross balance of $46,645)	$	45,686
Additions based on tax positions related to the current year	3,231
Additions based on tax positions of prior years	3,401
Settlements	—
Lapse of statute of limitations	(147)
Reductions for tax positions of prior years	(12,599)
Balance at January 1, 2022 (gross balance of $40,706)	$	39,572

At January 1, 2022, the balance of the Company’s unrecognized tax benefits, which would, if recognized, affect the Company’s annual effective tax rate was $39,572. The Company’s policy is to recognize interest and/or penalties related to income tax matters in income tax expense. The Company recognized $933, $(5,206) and $(1,792) in 2021, 2020 and 2019, respectively, for interest and penalties classified as income tax expense (benefit) in the Consolidated Statements of Income. At January 1, 2022 and January 2, 2021, the Company had a total of $5,865 and $4,929, respectively, of interest and penalties accrued related to unrecognized tax benefits.

The Company files U.S. federal income tax returns, as well as separate and combined income tax returns in numerous state and foreign jurisdictions. The Company remains subject to U.S. Federal tax examinations for tax years 2017 through 2021. The Company is also subject to examination by various state and international tax authorities. The tax years subject to examination vary by jurisdiction. The Company regularly assesses the outcomes of both ongoing and future examinations for the current or prior years to ensure the Company’s provision for income taxes is sufficient. The Company recognizes liabilities based on estimates of whether additional taxes will be due and believes its reserves are adequate in relation to any potential assessments. The outcome of any one examination, some of which may conclude during the next 12 months, is not expected to have a material impact on the Company’s financial position or results of operations.

- 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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+ Details

Commitments and Contingencies	12 Months Ended
Commitments and Contingencies	Jan. 01, 2022
Text Block [Abstract]
Commitments and Contingencies	Commitments and ContingenciesThe Company is a party to various pending legal proceedings, claims and environmental actions by government agencies. In accordance with the accounting rules for contingencies, the Company records a provision with respect to a claim, suit, investigation or proceeding when it is probable that a liability has been incurred and the amount of the loss can reasonably be estimated. Any provisions are reviewed at least quarterly and are adjusted to reflect the impact and status of settlements, rulings, advice of counsel and other information pertinent to the particular matter. The recorded liabilities for these items were not material to the consolidated financial statements of the Company in any of the years presented. Although the outcome of such items cannot be determined with certainty, the Company’s legal counsel and management are of the opinion that the final outcome of these matters will not have a material adverse impact on the consolidated financial position, results of operations or liquidity. Purchase Commitments In the ordinary course of business, the Company has entered into purchase commitments for raw materials, production and finished goods. These agreements, typically with terms ending within a year, require total payments of $530,642 in 2022, $3,440 in 2023 and $3,785 in 2024. License Agreements The Company is party to several royalty-bearing license agreements for the use of third-party trademarks in certain of their products. The license agreements typically require a minimum guarantee to be paid either at the commencement of the agreement, by a designated date during the term of the agreement or by the end of the agreement period. When payments are made in advance of when they are due, the Company records a prepayment and amortizes the expense in the “Cost of sales” line in the Consolidated Statements of Income uniformly over the guaranteed period. For guarantees required to be paid at the completion of the agreement, royalties are expensed through the “Cost of sales” line in the Consolidated Statements of Income as the related sales are made. The Company has reviewed all license agreements and has concluded that there are no liabilities recorded at inception of the agreements. During 2021, 2020 and 2019, the Company incurred royalty expense of approximately $100,281, $72,775 and $105,068, respectively. Minimum amounts due under the license agreements are approximately $79,781 in 2022, $55,051 in 2023, $47,780 in 2024, $23,010 in 2025, $17,988 in 2026 and $46,605 thereafter.

Stockholders' Equity	12 Months Ended
Stockholders' Equity	Jan. 01, 2022
Text Block [Abstract]
Stockholders' Equity	Stockholders’ Equity The Company is authorized to issue up to 2,000,000 shares of common stock, par value $0.01 per share, and up to 50,000 shares of preferred stock, par value $0.01 per share, and the Company’s Board of Directors may, without stockholder approval, increase or decrease the aggregate number of shares of stock or the number of shares of stock of any class or series that the Company is authorized to issue. At January 1, 2022 and January 2, 2021, 349,903 and 348,802 shares, respectively, of common stock were issued and outstanding and no shares of preferred stock were issued or outstanding. On February 2, 2022, the Company’s Board of Directors approved a new share repurchase program for up to $600,000 of shares to be repurchased in open market transactions or privately negotiated transactions, subject to market conditions, legal requirements and other factors. Additionally, management has been granted authority to establish a trading plan 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. The new program replaced the Company’s previous share repurchase program for up to 40,000 shares that was originally approved on February 6, 2020. Unless terminated earlier by the Company’s Board of Directors, the new program will expire on December 28, 2024. Under the February 6, 2020 share repurchase program, the Company entered into transactions to repurchase 14,464 shares at a weighted average repurchase price of $13.83 per share for the year ended January 2, 2021. These shares were repurchased at a total cost of $200,269. The Company did not purchase any shares of the Company’s common stock under the February 6, 2020 share repurchase program during 2021. The primary objective of the share repurchase program is to utilize excess cash to generate shareholder value. Dividends In 2019 and 2020, the Company’s Board of Directors declared regular quarterly cash dividends of $0.15 per share of the Company’s outstanding common stock, which were paid in 2019 and 2020, respectively. During 2021, the Company’s Board of Directors declared regular quarterly cash dividends of $0.15 per share of the Company’s outstanding common stock, which were paid on March 9, 2021, June 1, 2021, August 31, 2021 and November 30, 2021. On February 2, 2022, the Company’s Board of Directors declared a regular quarterly cash dividend of $0.15 per share of the Company’s outstanding common stock to be paid on March 8, 2022 to stockholders of record at the close of business on February 15, 2022.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

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

Accumulated Other Comprehensive Loss

12 Months Ended

Jan. 01, 2022

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

Accumulated Other Comprehensive Loss

The components of AOCI are as follows:


	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	—		(15,681)		23,009		(1,654)		5,674
Current-period other comprehensive income (loss) activity	104,318		(15,643)		(62,379)		18,719		45,015

Total other comprehensive income (loss)	104,318		(31,324)		(39,370)		17,065		50,689

Balance at January 2, 2021	$	(52,820)	$	(26,538)	$	(668,730)	$	181,129	$	(566,959)
Amounts reclassified from accumulated other comprehensive loss	—		34,554		25,011		(15,179)		44,386
Current-period other comprehensive income (loss) activity	(81,181)		(2,772)		74,558		(19,635)		(29,030)

Total other comprehensive income (loss)	(81,181)		31,782		99,569		(34,814)		15,356

Balance at January 1, 2022	$	(134,001)	$	5,244	$	(569,161)	$	146,315	$	(551,603)

(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.

The Company uses a portfolio approach to release the income tax effects in accumulated other comprehensive loss related to pension and postretirement benefits. Under this approach, the income tax effects are released from accumulated other comprehensive loss based on the pre-tax adjustments to pension liabilities or assets recognized within other comprehensive income. Any tax effects remaining in accumulated other comprehensive loss are released only when the entire portfolio of the pension and postretirement benefits is liquidated, sold or extinguished.

The Company had the following reclassifications out of AOCI:


Component of AOCI	Location of Reclassification into Income	Amount of Reclassification from AOCI
		Years Ended
		January 1, 2022		January 2, 2021		December 28, 2019
Gain (loss) on forward foreign exchange contracts designated as cash flow hedges	Cost of sales	$	(15,301)	$	10,069	$	18,906
	Income tax	4,105		(2,851)		(4,855)
	Income (loss) from discontinued operations, net of tax	(2,890)		4,314		7,604
	Net of tax	(14,086)		11,532		21,655

Gain (loss) on cross-currency swap contracts designated as cash flow hedges	Selling, general and administrative expenses	(12,155)		—		—
	Interest expense, net	(3,556)		—		—
	Income tax	4,061		—		—
	Net of tax	(11,650)		—		—

Amortization of deferred actuarial loss and prior service cost	Other expenses	(25,671)		(22,261)		(20,007)
	Income tax	6,461		5,753		5,260
	Income (loss) from discontinued operations, net of tax	560		(698)		(110)
	Net of tax	(18,650)		(17,206)		(14,857)

Total reclassifications		$	(44,386)	$	(5,674)	$	6,798

Financial Instruments and Risk Management

12 Months Ended

Jan. 01, 2022

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 Australian dollar, Euro, 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	January 1, 2022		January 2, 2021
U.S. dollar equivalent notional amount of derivative instruments:
Forward foreign exchange contracts	Cash Flow and Mark to Market	$	308,071	$	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 instruments related to forward foreign exchange contracts and cross-currency swap contracts recognized in the Consolidated Balance Sheets of the Company were as follows:


	Balance Sheet Location	Fair Value
		January 1, 2022		January 2, 2021
Derivatives designated as hedging instruments:
Forward foreign exchange contracts	Other current assets	$	2,898	$	1
Cross-currency swap contracts	Other current assets	974		918
Forward foreign exchange contracts	Current assets held for sale	—		40
Forward foreign exchange contracts	Other noncurrent assets	83		—
Cross-currency swap contracts	Other noncurrent assets	1,979		—
Derivatives not designated as hedging instruments:
Forward foreign exchange contracts	Other current assets	5,439		2,459
Forward foreign exchange contracts	Current assets held for sale	—		198
Total derivative assets		11,373		3,616

Derivatives designated as hedging instruments:
Forward foreign exchange contracts	Accrued liabilities	(349)		(12,898)
Cross-currency swap contracts	Accrued liabilities	(222)		—
Forward foreign exchange contracts	Current liabilities held for sale	—		(4,747)
Forward foreign exchange contracts	Other noncurrent liabilities	(14)		(2,190)
Cross-currency swap contracts	Other noncurrent liabilities	(11,387)		(16,526)
Derivatives not designated as hedging instruments:
Forward foreign exchange contracts	Accrued liabilities	(331)		(16,488)
Forward foreign exchange contracts	Current liabilities held for sale	—		(2,195)
Total derivative liabilities		(12,303)		(55,044)

Net derivative liability		$	(930)	$	(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 January 1, 2022. 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 $611. The Company is hedging exposure to the variability in future foreign currency-denominated cash flows for forecasted transactions over the next 16 months and for long-term debt over the next 30 months.

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


	Amount of Gain (Loss) Recognized in AOCI on Derivative Instruments
	Years Ended
	January 1, 2022		January 2, 2021		December 28, 2019

Forward foreign exchange contracts	$	12,170	$	(15,643)	$	11,903
Cross-currency swap contracts	(14,942)		—		—
Total	$	(2,772)	$	(15,643)	$	11,903


	Location of Gain (Loss) Reclassified from AOCI into Income	Amount of Gain (Loss) Reclassified from AOCI into Income
		Years Ended
		January 1, 2022		January 2, 2021		December 28, 2019


Forward foreign exchange contracts(1)	Cost of sales	$	(15,301)	$	10,069	$	18,906
Forward foreign exchange contracts(1)	Income (loss) from discontinued operations, net of tax	(3,542)		5,612		10,025
Cross-currency swap contracts(1)	Selling, general and administrative expenses	(12,155)		—		—
Cross-currency swap contracts(1)	Interest expense, net	(3,556)		—		—
Total		$	(34,554)	$	15,681	$	28,931

(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.

The following table presents the amounts in the Consolidated Statements of Income in which the effects of cash flow hedges are recorded:


	Years Ended
	January 1, 2022		January 2, 2021		December 28, 2019
Cost of sales	$	4,149,541	$	4,524,461	$	3,997,014
Selling, general and administrative expenses	$	1,853,971	$	1,560,034	$	1,578,017
Interest expense, net	$	163,067	$	164,238	$	176,924
Income (loss) from discontinued operations, net of tax	$	(443,744)	$	(43,292)	$	27,396

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 January 1, 2022 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 $227,454 and $610,724, respectively.

The amount of after-tax gains (losses) included in AOCI in the 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 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
	Years Ended
	January 1, 2022		January 2, 2021		December 28, 2019
Euro-denominated long-term debt	$	24,928	$	(36,609)	$	(23)
Cross-currency swap contracts	13,670		(14,404)		2,201
Total	$	38,598	$	(51,013)	$	2,178


	Location of Gain Recognized in Income	Amount of Gain Recognized in Income (Amount Excluded from Effectiveness Testing)
		Years Ended
		January 1, 2022		January 2, 2021		December 28, 2019
Cross-currency swap contracts	Interest expense, net	$	7,389	$	7,637	$	3,613

The following table presents the amounts in the Consolidated Statements of Income in which the amounts excluded from effectiveness testing for net investment hedges are recorded:


	Years Ended
	January 1, 2022		January 2, 2021		December 28, 2019
Interest expense, net	$	163,067	$	164,238	$	176,924

Mark to Market Hedges

Derivatives used in mark to market hedges are not designated as hedges under the accounting standards. 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. 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 instruments not designated as hedges on the Consolidated Statements of Income is as follows:


	Location of Gain (Loss) Recognized in Income on Derivatives	Amount of Gain (Loss) Recognized in Income
		Years Ended
		January 1, 2022		January 2, 2021		December 28, 2019
Forward foreign exchange contracts	Cost of sales	$	24,087	$	(16,163)	$	(18,530)
Forward foreign exchange contracts	Selling, general and administrative expenses	2,784		(2,029)		(1,022)
Forward foreign exchange contracts	Income (loss) from discontinued operations, net of tax	4,706		(3,707)		(13,330)
Total		$	31,577	$	(21,899)	$	(32,882)

Fair Value of Assets and Liabilities

12 Months Ended

Jan. 01, 2022

Fair Value Disclosures [Abstract]

Fair Value of Assets and Liabilities

Fair Value of Assets and LiabilitiesFair value is an exit price, representing the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Company utilizes market data or assumptions that market participants would use in pricing the asset or liability. A three-tier fair value hierarchy, which prioritizes the inputs used

in measuring fair value, is utilized for disclosing the fair value of the Company’s assets and liabilities. These tiers include: Level 1, defined as observable inputs such as quoted prices in active markets; Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3, defined as unobservable inputs about which little or no market data exists, therefore requiring an entity to develop its own assumptions.

Assets and liabilities measured at fair value are based on one or more of the following three valuation techniques:

•Market approach — prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities.

•Cost approach — amount that would be required to replace the service capacity of an asset or replacement cost.

•Income approach — techniques to convert future amounts to a single present amount based on market expectations, including present value techniques, option-pricing and other models.

The Company primarily applies the market approach for commodity derivatives and for all defined benefit plan investment assets and the income approach for interest rate and foreign currency derivatives for recurring fair value measurements and attempts to utilize valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs. Assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. The determination of fair values incorporates various factors that include not only the credit standing of the counterparties involved and the impact of credit enhancements, but also the impact of the Company’s nonperformance risk on its liabilities. The Company’s assessment of the significance of a particular input to the fair value measurement requires judgment and may affect the valuation of fair value assets and liabilities and their placement within the fair value hierarchy levels.

As of January 1, 2022 and January 2, 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, defined benefit pension plan investment assets 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 plan liabilities is based on readily available current market data and is categorized as Level 2. The fair values of defined benefit pension plan investment assets include: certain U.S. equity securities, certain foreign equity securities, cash and cash equivalents and debt securities that are determined based on quoted prices in public markets categorized as Level 1; insurance contracts that are determined based on inputs readily available in public markets or can be derived from information available in publicly quoted markets categorized as Level 2; certain foreign equity securities, debt securities and commodity investments measured at their net asset value, which is determined based on inputs readily available in public markets; and investments in hedge fund of funds and real estate investments that are based on unobservable inputs about which little or no market data exists and are measured at a net asset value. Assets valued utilizing a net asset value are not required to be classified within the fair value hierarchy.

There were no changes during 2021 to the Company’s valuation techniques used to measure asset and liability fair values on a recurring basis. As of and for the year ended January 1, 2022, the Company did not have any non-financial assets or liabilities that were required to be measured at fair value on a recurring basis 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 January 1, 2022
	Total		Quoted Prices In Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Defined benefit pension plan investment assets:
U.S. equity securities	$	201,111	$	201,111	$	—	$	—
Foreign equity securities	47,099		47,099		—		—
Debt securities	24,125		24,125		—		—
Cash and other	1,597		1,597		—		—
Total plan assets in the fair value hierarchy	273,932		273,932		—		—
Plan assets measured at net asset value:(1)
Hedge fund of funds	356,289
Foreign equity securities	170,741
Debt securities	87,284
Real estate	57,479
Commodities	27,873
Total plan assets measured at net asset value	699,666
Total plan assets	973,598

Derivative contracts:
Forward foreign exchange contracts - assets	8,420		—		8,420		—
Cross-currency swap contracts - assets	2,953		—		2,953		—
Forward foreign exchange contracts - liabilities	(694)		—		(694)		—
Cross-currency swap contracts - liabilities	(11,609)		—		(11,609)		—
Total derivative contracts	(930)		—		(930)		—
Deferred compensation plan liability	(20,916)		—		(20,916)		—
Total	$	951,752	$	273,932	$	(21,846)	$	—

(1)Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the tables above are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Consolidated Balance Sheets.


	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)
Defined benefit pension plan investment assets:
U.S. equity securities	$	164,802	$	164,802	$	—	$	—
Foreign equity securities	39,696		39,696		—		—
Debt securities	24,862		24,862		—		—
Cash and other	13,890		13,890		—		—
Total plan assets in the fair value hierarchy	243,250		243,250		—		—
Plan assets measured at net asset value:(1)
Hedge fund of funds	375,027
Foreign equity securities	108,357
Debt securities	127,370
Real estate	48,671
Commodities	17,641
Total plan assets measured at net asset value	677,066
Total plan assets	920,316

Derivative contracts:
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)		—
Total derivative contracts	(44,724)		—		(44,724)		—
Deferred compensation plan liability	(21,878)		—		(21,878)		—
Total	$	853,714	$	243,250	$	(66,602)	$	—

Fair Value of Financial Instruments

The carrying amounts of cash and cash equivalents, trade accounts receivable and accounts payable approximated fair value as of January 1, 2022 and January 2, 2021. The fair value of debt, which is classified as a Level 2 liability, was $3,504,412 and $4,230,985 as of January 1, 2022 and January 2, 2021, respectively. Debt had a carrying value of $3,368,634 and $4,035,724 as of January 1, 2022 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.

- 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

Business Segment Information

12 Months Ended

Jan. 01, 2022

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. Sheer Hosiery business and certain sales from its supply chain to the European Innerwear business. In the fourth quarter of 2021, the Company reached the decision to divest its U.S. Sheer Hosiery business, including the L’eggs brand, as part of its strategy to streamline its portfolio under its Full Potential plan. See Note “Assets and Liabilities Held for Sale” for additional information.

The Company considers its chief executive officer to be the Company’s chief operating decision maker. The Company’s chief operating decision maker manages business operations, evaluates performance and allocates resources based on the segments’ net revenues and operating income. The Company reports inventories by segment as that information is used by the

chief operating decision maker in assessing segment performance. The Company does not report its other assets by segment as that information is not used by the chief operating decision maker in assessing segment performance.

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 PPE including products such as cloth face coverings and gowns in 2020.

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

•International primarily includes sales of our innerwear and activewear products, including PPE in 2020, 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.”


	Years Ended
	January 1, 2022		January 2, 2021		December 28, 2019
Net sales:
Innerwear	$	2,719,788	$	2,978,009	$	2,302,632
Activewear	1,679,639		1,184,413		1,854,704
International	2,066,249		1,711,432		1,930,828
Other	335,564		253,307		337,552
Total net sales	$	6,801,240	$	6,127,161	$	6,425,716


	Years Ended
	January 1, 2022		January 2, 2021		December 28, 2019
Segment operating profit:
Innerwear	$	573,852	$	718,923	$	515,991
Activewear	236,400		67,643		281,319
International	339,317		249,718		331,322
Other	30,922		(10,140)		33,439
Total segment operating profit	1,180,491		1,026,144		1,162,071
Items not included in segment operating profit:
General corporate expenses	(219,984)		(218,424)		(219,266)
Restructuring and other action-related charges	(131,710)		(734,196)		(62,515)
Amortization of intangibles	(31,069)		(30,858)		(29,605)
Total operating profit	797,728		42,666		850,685
Other expenses	(53,586)		(20,655)		(30,201)
Interest expense, net	(163,067)		(164,238)		(176,924)
Income (loss) from continuing operations before income tax expense	$	581,075	$	(142,227)	$	643,560

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


	Years Ended
	January 1, 2022		January 2, 2021		December 28, 2019
Cost of sales	$	10,098	$	670,618	$	57,448
Selling, general and administrative expenses	121,612		63,578		5,067
Total included in operating profit	131,710		734,196		62,515
Other expenses	45,699		—		—
Total included in income (loss) from continuing operations before income tax expense	177,409		734,196		62,515
Income tax expense	53,665		205,342		22,159
Total restructuring and other action-related charges	$	123,744	$	528,854	$	40,356

The components of restructuring and other action-related charges were as follows:


	Years Ended
	January 1, 2022		January 2, 2021		December 28, 2019
Full Potential plan:
Professional services	$	44,617	$	—	$	—
Loss on classification of assets held for sale	38,364		—		—
Operating model	23,191		—		—
Impairment of intangible assets	7,302		—		—
Supply chain segmentation	5,419		—		—
Technology	4,617		—		—
Other	8,200		—		—
Inventory SKU rationalization	—		192,704		—
PPE inventory write-off	—		362,913		—
PPE vendor commitments	—		26,400		—
Supply chain actions	—		19,636		52,832
Program exit costs	—		9,854		4,616
Other restructuring costs	—		7,763		5,067
COVID-19 related charges:
Supply chain re-startup	—		48,608		—
Bad debt	—		9,418		—
Inventory	—		14,869		—
Goodwill	—		25,173		—
Write-off of acquisition tax asset	—		16,858		—
Total included in operating profit	131,710		734,196		62,515
Early extinguishment and refinancing of debt included in other expenses	45,699		—		—
Total included in income (loss) from continuing operations before income tax expense	177,409		734,196		62,515
Discrete tax benefits	27,147		69,628		—
Tax effect on actions	26,518		135,714		22,159
Total included in income tax expense (benefit)	53,665		205,342		22,159
Total restructuring and other action-related charges	$	123,744	$	528,854	$	40,356

In 2021, restructuring and other action-related charges included $131,710 of charges related to the implementation of the Company’s Full Potential plan. In the fourth quarter of 2021, the Company determined that its U.S. Sheer Hosiery business met held-for-sale accounting criteria and recorded a non-cash charge of $38,364 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. In 2021, restructuring and other action-related charges also included a charge for an action to resize its U.S. corporate office

workforce through a voluntary retirement program. In the third quarter of 2021, the Company accrued $16,000 for employee termination and other benefits related to the voluntary retirement program in accordance with expected benefit payments, with the charges reflected in the “Selling, general and administrative expenses” line of the Consolidated Statements of Income and in the “Operating model” line in the restructuring and other action-related table above. During the year ended January 1, 2022, benefit payments of $312 have been made, resulting in an ending accrual of $15,688 which is included in the “Accrued liabilities and other: Other” line of the Consolidated Balance Sheets at January 1, 2022. Additionally, restructuring and other action related charges in 2021 included impairment charges of $7,302 related 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.

In the fourth quarter of 2021, the Company also recorded a charge of $45,699 in restructuring and other action-related charges related to the refinancing of its Senior Secured Credit Facility and the redemption of the 5.375% Senior Notes. The charge, which is reported in the “Other expenses” line in the Consolidated Statements of Income, includes a payment of $34,840 for a make-whole premium in connection with the redemption of the 5.375% Senior Notes, a non-cash charge of $8,899 for the write-off of unamortized debt issuance costs related to the redemption of the 5.375% Senior Notes and the refinancing of the Senior Secured Credit Facility and $1,960 in fees related to the refinancing. See Note “Debt”.

In the fourth quarter of 2020, the Company began the implementation of its Full Potential plan which included a number of actions to simplify its business including streamlining its portfolio and SKU rationalization. Specifically, the Company no longer viewed PPE as a future growth opportunity for the Company. Therefore, the Company recorded a charge of $362,913 to write down its entire PPE inventory balance to its estimated net realizable value and a charge of $26,400 to accrue for vendor commitments for PPE materials that were paid in 2021. Additionally, the Company commenced an initiative to reduce 20% of its SKUs in inventory in order to streamline product offerings while also implementing a formal lifecycle management process. As a result, the Company recorded a charge of $192,704 to write down inventory to its estimated net realizable value taking into account these initiatives. In the fourth quarter of 2020, the Company also recorded a charge to write off an acquisition tax asset.

In 2020, restructuring and other action-related charges included $48,608 of supply chain re-start up charges primarily related to incremental costs incurred, such as freight and sourcing premiums, to expedite product to meet customer demand following the extended shut-down of parts of the Company’s manufacturing network as a result of the COVID-19 pandemic and $49,460 of asset write-down charges recorded as a result of the ongoing effects of the COVID-19 pandemic.

Restructuring and other action-related charges in 2020 and 2019 included charges for supply chain actions to reduce overhead costs principally within the Western Hemisphere network and charges associated with exiting the C9 Champion mass program and the DKNY intimate apparel license in 2019.


	January 1, 2022
	Innerwear		Activewear		International		Other		Unallocated		Total Assets
Assets:
Inventories	$	829,093	$	447,297	$	279,379	$	28,246	$	—	$	1,584,015
Assets held for sale	—		—		—		—		327,157		327,157
All other assets	—		—		—		—		5,160,264		5,160,264
Total assets											$	7,071,436


	January 2, 2021
	Innerwear		Activewear		International		Other		Unallocated		Total Assets
Assets:
Inventories	$	578,822	$	404,539	$	308,643	$	75,754	$	—	$	1,367,758
Assets held for sale	—		—		—		—		728,587		728,587
All other assets	—		—		—		—		5,623,522		5,623,522
Total assets											$	7,719,867


	Years Ended
	January 1, 2022		January 2, 2021		December 28, 2019
Depreciation and amortization expense:
Innerwear	$	25,816	$	27,407	$	30,408
Activewear	23,562		23,621		23,804
International	22,476		24,307		25,046
Other	4,578		5,520		6,200
	76,432		80,855		85,458
Corporate	33,698		34,112		29,605
Total depreciation and amortization expense	$	110,130	$	114,967	$	115,063

Sales to Walmart and Target were substantially in the Innerwear and Activewear segments. Sales to Walmart represented 17% of total net sales in 2021. Sales to Walmart represented 16% of total net sales in 2020. Sales to Walmart and Target represented 15% and 12% of total net sales in 2019, respectively.

Worldwide sales by product category for Innerwear and Activewear were $4,077,016 and $2,724,224, respectively, in 2021. Worldwide sales by product category for Innerwear and Activewear were $4,061,372 and $2,065,789, respectively, in 2020. Worldwide sales by product category for Innerwear and Activewear were $3,561,615 and $2,864,101, respectively, in 2019.

- 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
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-Section 50
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
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+ Details

Geographic Area Information

12 Months Ended

Jan. 01, 2022

Text Block [Abstract]

Geographic Area Information


	Years Ended or at
	January 1, 2022				January 2, 2021				December 28, 2019
	Sales		Property, Net		Sales		Property, Net		Sales		Property, Net
Americas	$	4,995,230	$	325,188	$	4,544,651	$	351,841	$	4,659,346	$	383,219
Asia Pacific	1,257,037		85,538		1,085,822		92,582		1,245,776		102,305
Europe	530,440		30,675		482,630		33,398		506,271		30,278
Other	18,533		—		14,058		—		14,323		135
	$	6,801,240	$	441,401	$	6,127,161	$	477,821	$	6,425,716	$	515,937

The net sales by geographic region are attributed by customer location. The property by geographic region includes assets held and used, which are recognized within the “Property, net” line in the Consolidated Balance Sheets.

Quarterly Financial Data

12 Months Ended

Jan. 01, 2022

Text Block [Abstract]

Quarterly Financial Data

Quarterly Financial Data (Unaudited)

The Company’s European Innerwear business met held-for-sale and discontinued operations accounting criteria at the end of the first quarter of 2021. Accordingly, the Company separately reported the results of its European Innerwear business as discontinued operations in its Quarterly Reports on Form 10-Q beginning in the first quarter of 2021. See Note “Assets and Liabilities Held for Sale” and the Company’s Condensed Consolidated Statements of Income in its Quarterly Reports on Form 10-Q for the quarters ended April 3, 2021, July 3, 2021 and October 2, 2021 for additional information.


	Quarters Ended
	January 1, 2022		January 2, 2021
Net sales	$	1,752,349	$	1,689,145
Cost of sales	1,084,621		1,589,946
Gross profit	667,728		99,199
Selling, general and administrative expenses	512,162		495,706
Operating profit (loss)	155,566		(396,507)
Other expenses	47,359		5,003
Interest expense, net	35,307		43,636
Income (loss) from continuing operations before income tax expense	72,900		(445,146)
Income tax expense (benefit)	4,946		(152,948)
Income (loss) from continuing operations	67,954		(292,198)
Loss from discontinued operations, net of tax	(7,921)		(39,966)
Net income (loss)	$	60,033	$	(332,164)

Earnings (loss) per share - basic:
Continuing operations	$	0.19	$	(0.83)
Discontinued operations	(0.02)		(0.11)
Net income (loss)	$	0.17	$	(0.95)

Earnings (loss) per share - diluted:
Continuing operations	$	0.19	$	(0.83)
Discontinued operations	(0.02)		(0.11)
Net income (loss)	$	0.17	$	(0.95)

Basis of Presentation (Policies)	12 Months Ended
Basis of Presentation (Policies)	Jan. 01, 2022
Text Block [Abstract]
Fiscal period policy	The Company’s fiscal year ends on the Saturday closest to December 31. All references to “2021”, “2020” and “2019” relate to the 52-week fiscal year ended on January 1, 2022, the 53-week fiscal year ended on January 2, 2021 and the 52-week fiscal year ended on December 28, 2019, respectively. Two subsidiaries of the Company close one day after the Company’s consolidated year end. The difference in reporting of financial information for these subsidiaries did not have a material impact on the Company’s financial condition, results of operations or cash flows.

Summary of Significant Accounting Policies (Policies)	12 Months Ended
Summary of Significant Accounting Policies (Policies)	Jan. 01, 2022
Text Block [Abstract]
Consolidation	ConsolidationThe accompanying consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation, except for certain intercompany sales and related profit and receivables from the Company’s supply chain to the European Innerwear business, which is classified as discontinued operations in the consolidated financial statements. See Note “Assets and Liabilities Held for Sale” for additional information.
Use of Estimates	Use of EstimatesThe preparation of consolidated financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires management to make use of estimates and assumptions that affect the reported amount of assets and liabilities, certain financial statement disclosures at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results may vary from these estimates.
Foreign Currency Translation	Foreign Currency TranslationForeign currency-denominated assets and liabilities are translated into U.S. dollars at exchange rates existing at the respective balance sheet dates. Translation adjustments resulting from fluctuations in exchange rates are recorded as a separate component of accumulated other comprehensive loss (“AOCI”) within stockholders’ equity. The Company translates the results of operations of its foreign operations at the average exchange rates during the respective periods. Gains and losses resulting from foreign currency transactions are included in both the “Cost of sales” and “Selling, general and administrative expenses” lines in the Consolidated Statements of Income.
Sales Recognition and Incentives	Sales Recognition and Incentives The Company recognizes revenue 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. The Company records a sales reduction for returns and allowances based upon historical return experience. The Company earns royalty revenues 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 licensee. The Company offers a variety of sales incentives to resellers and consumers of its products, and the policies regarding the recognition and display of these incentives within the Consolidated Statements of Income are as follows: Discounts, Coupons, and Rebates The Company provides customers with discounts and rebates that are explicitly stated in the Company’s contracts and are recorded as a reduction of revenue in the period the product revenue is recognized. The cost of these incentives is estimated using a number of factors, including historical utilization and redemption rates. The Company includes incentives offered in the form of free products in the determination of cost of sales. For all variable consideration, where appropriate, the Company estimates the amount using the expected value, which takes into consideration historical experience, current contractual requirements, specific known market events and forecasted customer buying and payment patterns. Overall, these reserves reflect the Company’s best estimates of the amount of consideration to which the customer is entitled based on the terms of the contracts. Volume-Based Incentives Volume-based incentives involve rebates or refunds of cash that are redeemable only if the customer completes a specified number of sales transactions. Under these incentive programs, the Company estimates the anticipated rebate to be paid and allocates a portion of the estimated cost of the rebate to each underlying sales transaction with the customer. The Company records volume-based incentives as a reduction of revenue. Cooperative Advertising Under cooperative advertising arrangements, the Company agrees to reimburse the retailer for a portion of the costs incurred by the retailer to advertise and promote certain of the Company’s products. The Company recognizes the cost of cooperative advertising programs in the period in which the advertising and promotional activity takes place as a reduction of revenue. Fixtures and Racks Store fixtures and racks are periodically used by resellers to display Company products. The Company expenses the cost of these fixtures and racks in the period in which they are delivered to the resellers. The Company includes the costs of fixtures and racks incurred by resellers and charged back to the Company in the determination of net sales. Fixtures and racks purchased by the Company and provided to resellers are included in the “Selling, general and administrative expenses” line in the Consolidated Statements of Income. Product Returns The Company generally offers customers a limited right of return for a purchased product. The Company estimates the amount of its product sales that may be returned by its customers and records this as a reduction of revenue in the period the related product revenue is recognized.
Advertising Expense	Advertising ExpenseAdvertising represents one of several brand building methods used by the Company. Advertising costs, which include the development and production of advertising materials and the communication of these materials through various forms of media, are expensed in the period the advertising first takes place. The Company recognized advertising expense in the “Selling, general and administrative expenses” line in the Consolidated Statements of Income of $208,998, $113,586 and $143,734 in 2021, 2020 and 2019, respectively.
Shipping and Handling Costs	Shipping and Handling CostsRevenue received for shipping and handling costs is included in net sales and was $19,461, $18,943 and $19,536 in 2021, 2020 and 2019, respectively. Shipping costs, which comprise payments to third-party shippers, and handling costs, which consist of warehousing costs in the Company’s various distribution facilities, were $447,131, $389,252 and $394,906 in 2021, 2020 and 2019, respectively. The Company recognizes shipping, handling and distribution costs in the “Selling, general and administrative expenses” line in the Consolidated Statements of Income.
Research and Development	Research and DevelopmentResearch and development costs are expensed as incurred and are included in the “Selling, general and administrative expenses” line in the Consolidated Statements of Income. Research and development includes expenditures for new product, technological improvements for existing products and process innovation, which primarily consist of salaries, consulting and supplies attributable to time spent on research and development activities. Additional costs include depreciation and maintenance for research and development equipment and facilities. Research and development expense was $39,320, $37,367 and $41,782 in 2021, 2020 and 2019, respectively.
Defined Contribution Benefit Plans	Defined Contribution Benefit PlansThe Company sponsors 401(k) plans as well as other defined contribution benefit plans. Expense for these plans was $37,979, $34,720 and $27,938 in 2021, 2020 and 2019, respectively.
Cash and Cash Equivalents	Cash and Cash Equivalents All highly liquid investments with an original maturity of three months or less at the time of purchase are considered to be cash equivalents. Cash that is subject to legal restrictions or is unavailable for general operating purposes is classified as restricted cash and is included within “Other current assets” in the Consolidated Balance Sheets. As of January 2, 2021, an indemnification escrow balance of A$1,517 (U.S. $1,166) related to the Company’s 2018 acquisition of BNT Holdco Pty Limited was held in one of the Company’s bank accounts and classified as restricted cash in the “Other current assets” line in the Consolidated Balance Sheets. This balance was paid to the sellers in the second quarter of 2021. The Company had no restricted cash as of January 1, 2022.
Accounts Receivable Valuation	Accounts Receivable ValuationAccounts receivable are stated at their net realizable value. The allowance for doubtful accounts reflects the Company’s best estimate of probable losses inherent in the accounts receivable portfolio. Trade receivables are evaluated on a collection (pool) basis and aggregated on the basis of similar risk characteristics which are determined on the basis of historical losses, the aging of trade receivables, industry trends, and its customers’ financial strength, credit standing and payment and default history.
Inventory Valuation	Inventory ValuationInventories are stated at the estimated lower of cost or net realizable value. Cost is determined by the first-in, first-out, or “FIFO,” method for inventories. Obsolete, damaged, and excess inventory is carried at the net realizable value, which is determined by assessing historical recovery rates, current market conditions and future marketing and sales plans. Rebates, discounts and other cash consideration received from a vendor related to inventory purchases are reflected as reductions in the cost of the related inventory item and are therefore reflected in cost of sales when the related inventory item is sold.
Property	Property Property is stated at historical cost and depreciation expense is computed using the straight-line method over the estimated useful lives of the assets. Machinery and equipment is depreciated over periods ranging from one to 15 years and buildings and building improvements over periods of up to 40 years. A change in the depreciable life is treated as a change in accounting estimate and the accelerated depreciation is accounted for in the period of change and future periods. Additions and improvements that substantially extend the useful life of a particular asset and interest costs incurred during the construction period of major properties are capitalized. Repairs and maintenance costs are expensed as incurred. Upon sale or disposition of an asset, the cost and related accumulated depreciation are removed from the accounts. Property is tested for recoverability whenever events or changes in circumstances indicate that its carrying value may not be recoverable. Such events include significant adverse changes in the business climate, several periods of operating or cash flow losses, forecasted continuing losses or a current expectation that an asset or an asset group will be disposed of before the end of its useful life. Recoverability of property is evaluated by a comparison of the carrying amount of an asset or asset group to future net undiscounted cash flows expected to be generated by the asset or asset group. If these comparisons indicate that an asset is not recoverable, the impairment loss recognized is the amount by which the carrying amount of the asset exceeds the estimated fair value. When an impairment loss is recognized for assets to be held and used, the adjusted carrying amount of those assets is depreciated over its remaining useful life. Restoration of a previously recognized impairment loss is not permitted under GAAP.
Leases	Leases In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-02, “Leases (Topic 842)”, which requires lessees to recognize a right-of-use asset and a lease liability for all leases that are not short-term in nature. The Company adopted the new rules in the first quarter of 2019 utilizing the modified retrospective method and elected the package of practical expedients permitted under the transition guidance within the new standard which among other things, allowed the Company to carry forward the historical lease classification. The Company did not elect the hindsight practical expedient to determine the lease term for existing leases. The Company determines whether an arrangement is a lease at inception. The Company has operating leases for real estate (primarily retail stores and operating facilities) and certain equipment. The Company’s finance leases are not material. Leases with a term of 12 months or less are not recorded on the balance sheet; the Company recognizes lease expense for these leases on a straight-line basis over the lease term. For lease agreements entered into after adoption of Topic 842, the Company combines lease and nonlease components as a single component for all asset classes. The exercise of lease renewal options is at the Company’s sole discretion. In general, for leased retail real estate, the Company will not include renewal options in the underlying lease term. However, if a situation arises where the lessor has control over the option periods, then the Company will include these periods within the lease term. The depreciable life of assets and leasehold improvements are limited by the expected lease term. Certain of the Company’s lease agreements include rental payments based on a percentage of retail sales over contractual levels and others include rental payments adjusted periodically for inflation. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. As most of the Company’s leases do not provide an implicit rate, the Company uses its incremental borrowing rate based on the information available at the lease commencement date in determining the present value of lease payments. In light of temporary store closures related to the COVID-19 pandemic, the Company took actions in 2020 and 2021 with respect to certain of its existing leases, including withholding rent payments and engaging with landlords to obtain rent deferrals and other rent concessions. Consistent with updated guidance from the FASB in April 2020, the Company elected to treat agreed-upon payment deferrals that resulted in the total payments required by the modified contract being substantially the same as total payments required by the contract as if there were no modifications to the lease contract. The Company elected to treat other agreed-upon rent concessions, which resulted in reduced minimum lease payments, as variable lease payments. For any agreed-upon rent concessions, which change the payment terms from minimum rental amounts to amounts based on a percentage of sales volume, the Company elected to treat such changes as lease modifications under the current lease guidance.
Trademarks and Other Identifiable Intangible Assets	Trademarks and Other Identifiable Intangible Assets The primary identifiable intangible assets of the Company are trademarks, licensing agreements, customer and distributor relationships and computer software. Identifiable intangible assets with finite lives are amortized and those with indefinite lives are not amortized. The estimated useful life of a finite-lived intangible asset is based upon a number of factors, including the effects of demand, competition, expected changes in distribution channels and the level of maintenance expenditures required to obtain future cash flows. Trademarks determined to have finite lives are generally amortized over periods ranging from 10 to 20 years, license agreements are generally amortized over periods ranging from three to 15 years, customer and distributor relationships are generally amortized over periods ranging from one to 15 years and computer software and other intangibles are generally amortized over periods ranging from one to 13 years. Identifiable intangible assets that are subject to amortization are evaluated for impairment using a process similar to that used in evaluating elements of property. Identifiable intangible assets not subject to amortization are assessed for impairment at least annually, as of the first day of the third fiscal quarter, and as triggering events occur. The impairment test for identifiable intangible assets not subject to amortization consists of comparing the fair value of the intangible asset, which is determined using the income approach, to its carrying value. If the carrying value exceeds the fair value of the asset, an impairment loss is recognized in an amount equal to such excess. Fair values of intangible assets are primarily based on future cash flows projected to be generated from that asset. In performing the discounted cash flow analysis, management makes various judgments, estimates and assumptions, the most significant of which are the assumptions related to revenue growth rates, operating profit margin rates, terminal growth rates, and discount rates. Rates used to discount cash flows are dependent upon interest rates and the cost of capital at a point in time. There are inherent uncertainties related to these factors and management’s judgment in applying them to the analysis of intangible asset impairment. The Company capitalizes internal software development costs incurred during the application development stage, which include the actual costs to purchase software from vendors and generally include personnel and related costs for employees who were directly associated with the enhancement and implementation of purchased computer software. Additions to computer software are included in the “Capital expenditures” line in the Consolidated Statements of Cash Flows.
Goodwill	Goodwill Goodwill is the amount by which the purchase price exceeds the fair value of the assets acquired and liabilities assumed in a business combination. When a business combination is completed, the assets acquired and liabilities assumed are assigned to the reporting unit or units of the Company given responsibility for managing, controlling and generating returns on these assets and liabilities. In many instances, all of the acquired assets and assumed liabilities are assigned to a single reporting unit and in these cases, all of the goodwill is assigned to the same reporting unit. In those situations in which the acquired assets and liabilities are allocated to more than one reporting unit, the goodwill to be assigned to each reporting unit is determined in a manner similar to how the amount of goodwill recognized in a business combination is determined. Goodwill is not amortized; however, it is assessed for impairment at least annually, as of the first day of the third quarter, and as triggering events occur. In evaluating the recoverability of goodwill, the Company estimates the fair value of its reporting units, which is determined using the income approach, and compares it to the carrying value. If the carrying value of the reporting unit exceeds its fair value, an impairment loss is recognized in an amount equal to such excess. Fair values of reporting units are primarily based on future cash flows projected to be generated from that business. In performing the discounted cash flow analysis, management makes various judgments, estimates and assumptions, the most significant of which are the assumptions related to revenue growth rates, operating profit margin rates, terminal growth rates, and discount rates. Rates used to discount cash flows are dependent upon interest rates and the cost of capital at a point in time. There are inherent uncertainties related to these factors and management’s judgment in applying them to the analysis of goodwill impairment.
Insurance Reserves	Insurance ReservesThe Company is self-insured for property, workers’ compensation, medical and other casualty programs up to certain stop-loss limits. Undiscounted liabilities for self-insured exposures are accrued at the present value of the expected aggregate losses below those limits and are based on a number of assumptions, including historical trends, actuarial assumptions and economic conditions.
Stock-Based Compensation	Stock-Based CompensationThe Company established the Hanesbrands Inc. Omnibus Incentive Plan (As Amended and Restated), (the “Omnibus Incentive Plan”) to award stock options, stock appreciation rights, restricted stock, restricted stock units, deferred stock units, performance shares and cash to its employees, non-employee directors and employees of its subsidiaries to promote the interests of the Company, incent performance and retain employees. Stock-based compensation is estimated at the grant date based on the award’s fair value and is recognized as expense over the requisite service period. The Company estimates forfeitures for stock-based awards granted that are not expected to vest.
Income Taxes	Income TaxesDeferred taxes are recognized for the future tax effects of temporary differences between financial and income tax reporting using tax rates in effect for the years in which the differences are expected to reverse. Given continuing losses in certain jurisdictions in which the Company operates on a separate return basis, a valuation allowance has been established for the deferred tax assets in these specific locations. The Company periodically estimates the probable tax obligations using historical experience in tax jurisdictions and informed judgment. There are inherent uncertainties related to the interpretation of tax regulations in the jurisdictions in which the Company transacts business. The judgments and estimates made at a point in time may change based on the outcome of tax audits, as well as changes to, or further interpretations of, regulations. Income tax expense is adjusted in the period in which these events occur, and these adjustments are included in the Company’s Consolidated Statements of Income. If such changes take place, there is a risk that the Company’s effective tax rate may increase or decrease in any period. A company must recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate resolution. The Company continues to use a portfolio approach to release the income tax effects in accumulated other comprehensive loss related to pension and postretirement benefits. Under this approach, the income tax effects are released from accumulated other comprehensive loss based on the pre-tax adjustments to pension liabilities or assets recognized within other comprehensive income. Any tax effects remaining in accumulated other comprehensive loss are released only when the entire portfolio of the pension and postretirement benefits is liquidated, sold or extinguished.
Financial Instruments	Financial Instruments The Company uses forward foreign exchange contracts and cross-currency swap contracts to manage its exposures to movements in foreign exchange rates. 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. The use of these derivative and nonderivative financial instruments modifies the Company’s exposure to these risks with the goal of reducing the risk or cost to the Company. The Company does not use derivatives for trading purposes and is not a party to leveraged derivative contracts. Depending on the nature of the underlying risk being hedged, these derivative and nonderivative financial instruments are accounted for either as cash flow, net investment or mark to market hedges against changes in the value of the hedged item. Derivatives are recorded in the Consolidated Balance Sheets at fair value. The fair value is based upon either market quotes for actively traded instruments or independent bids for nonexchange traded instruments. The accounting for changes in fair value of a derivative instrument depends on whether the instrument has been designated and qualifies as part of a hedging relationship. The Company determines whether a derivative instrument meets the criteria for cash flow or net investment hedge accounting treatment on the date the derivative is executed. Derivatives accounted for as mark to market hedges are not designated as hedges for accounting purposes. The Company formally documents its hedge relationships, including identifying the hedging instruments and the hedged items, as well as its risk management objectives and strategies for undertaking the hedge transaction. This process includes linking financial instruments to the hedged assets, liabilities, firm commitments, forecasted transactions or net investments. The Company may be exposed to credit losses in the event of nonperformance by individual counterparties or the entire group of counterparties to the Company’s derivative contracts. Risk of nonperformance by counterparties is mitigated by dealing with highly rated counterparties and by diversifying across counterparties. Cash Flow Hedges For a cash flow hedge, the Company formally assesses, both at inception and on at least a quarterly basis thereafter, whether the designated derivative instrument is highly effective in offsetting changes in cash flows of the hedged item. The change in the fair value of a derivative instrument that is designated and highly effective as a cash flow hedge is recorded as a deferred gain or loss in the “Accumulated other comprehensive loss” line in the Consolidated Balance Sheets. When the hedged item affects the income statement, the deferred gain or loss on the derivative instrument is reclassified from AOCI and recorded on the same line in the Consolidated Statements of Income as the hedged item. 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. If it is determined that a designated derivative instrument ceases to be a highly effective cash flow hedge, or if the anticipated transaction is no longer likely to occur, the Company discontinues hedge accounting, and any deferred gain or loss is reclassified from AOCI and recorded on the same line in the Consolidated Statements of Income as the hedged item. Cash flows from derivatives designated as cash flow hedges are classified in the same category as the item being hedged in the Consolidated Statements of Cash Flows. Net Investment Hedges For a net investment hedge, the Company formally assesses, both at inception and on a quarterly basis thereafter, whether the designated financial instrument is highly effective as an economic hedge of foreign exchange risk associated with the hedged net investment. The change in the fair value of a derivative instrument or the change in the carrying value of a nonderivative financial instrument that is designated and highly effective as a net investment hedge is recorded as a deferred gain or loss in the cumulative translation adjustment component of AOCI, offsetting the translation gain or loss for the net investment being hedged. The Company assesses net investment hedge effectiveness and measures net investment hedge results for both derivative and nonderivative hedging instruments on an after-tax basis. The interest component of a cross-currency swap derivative contract designated in a highly effective net investment hedge is excluded from the assessment of hedge effectiveness and is initially recorded in the cumulative translation adjustment component of AOCI. This excluded component is amortized in earnings using a systematic and rational method over the term of the cross-currency swap derivative contract and recorded in the “Interest expense, net” line in the Consolidated Statements of Income. If a net investment hedging relationship ceases to be highly effective, the Company discontinues hedge accounting, and any future change in the fair value of the derivative hedging instrument or future change in the carrying value of the nonderivative hedging instrument is recorded in the “Other expenses” line in the Consolidated Statements of Income, which is where the gain or loss on the sale or substantial liquidation of the underlying net investment would be recorded. However, any deferred gain or loss previously recorded in the cumulative translation adjustment component of AOCI will remain in AOCI until the hedged net investment is sold or substantially liquidated, at which time the cumulative deferred gain or loss is reclassified from AOCI and recorded in the “Other expenses” line in the Consolidated Statements of Income. Cash flows from the periodic and final settlements of the cross-currency swap contracts are reported as cash flows from investing activities in the Consolidated Statements of Cash Flows because the hedged item is a net investment in foreign subsidiaries, and the cash paid or received from acquiring or selling the subsidiaries would typically be classified as investing. Mark to Market Hedges A derivative instrument whose change in fair value is used to hedge against changes in the value of a hedged item, but which is not designated as a hedge under the accounting standards, is accounted for as a mark to market hedge. These derivatives are recorded at fair value in the Consolidated Balance Sheets when the hedged item is recorded as an asset or liability and then are revalued each accounting period. Changes in the fair value of derivatives accounted for as mark to market hedges are reported in the “Cost of sales” and “Selling, general and administrative expenses” lines in the Consolidated Statements of Income. Cash flows from derivatives not designated as hedges are classified as cash flows from operating activities in the Consolidated Statements of Cash Flows.
Assets and Liabilities Acquired in Business Combinations	Assets and Liabilities Acquired in Business CombinationsBusiness combinations are accounted for using the purchase method, which requires the Company to allocate the cost of an acquired business to the acquired assets and assumed liabilities based on their estimated fair values at the acquisition date. The Company recognizes the excess of an acquired business’ cost over the fair value of acquired assets and assumed liabilities as goodwill. Fair values are determined using the income approach based on market participant assumptions focusing on future cash flow projections and accepted industry standards.
Recently Issued Accounting Pronouncements	Recently Issued 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. 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 conditions, 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 and does not currently intend to early adopt the new rules. Business Combinations In October 2021, the FASB issued ASU 2021-08, “Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers.” The new accounting rules require entities to apply Topic 606 to recognize and measure contract assets and contract liabilities in a business combination. The new accounting rules will be effective for the Company in the first quarter of 2023, including interim periods within those years. Early adoption is permitted. The adoption impact of the new accounting rules will depend on the magnitude of future acquisitions.
Reclassifications	ReclassificationsCertain prior year amounts in the notes to the Consolidated Financial Statements, have been reclassified to conform with the current year presentation. These classifications within the statements had no impact on the Company’s results of operations. In addition, in the first quarter of 2021, the Company began to separately report the results of its European Innerwear business as discontinued operations in its Consolidated Statements of Income, and to present the related assets and liabilities as held for sale in the Consolidated Balance Sheets for all periods presented.

Revenue Recognition (Policies)	12 Months Ended
Revenue Recognition (Policies)	Jan. 01, 2022
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.

Assets and Liabilities Held for Sale (Tables)

12 Months Ended

Jan. 01, 2022

Discontinued Operations and Disposal Groups [Abstract]

Assets and Liabilities Held for Sale


	January 1, 2022		January 2, 2021
U.S. Sheer Hosiery business - continuing operations	$	5,426	$	—
European Innerwear business - discontinued operations	321,731		234,086
Total current assets held for sale	$	327,157	$	234,086

Noncurrent assets held for sale - European Innerwear business - discontinued operations	$	—	$	494,501

U.S. Sheer Hosiery business - continuing operations	$	5,426	$	—
European Innerwear business - discontinued operations	311,476		222,183
Total current liabilities held for sale	$	316,902	$	222,183

Noncurrent liabilities held for sale - European Innerwear business - discontinued operations	$	—	$	112,989

Discontinued Operations Tables


	Years Ended
	January 1, 2022		January 2, 2021		December 28, 2019
Net sales	$	546,558	$	598,322	$	598,548
Cost of sales	294,383		352,758		307,920
Gross profit	252,175		245,564		290,628
Selling, general and administrative expenses	274,408		261,410		251,583
Impairment of intangible assets and goodwill	155,745		20,319		—
Loss on classification of assets held for sale	273,995		—		—
Operating income (loss)	(451,973)		(36,165)		39,045
Other expenses	2,178		2,477		1,223
Interest expense, net	613		2,253		1,655
Income (loss) from discontinued operations before income tax expense	(454,764)		(40,895)		36,167
Income tax expense (benefit)	(11,020)		2,397		8,771
Net income (loss) from discontinued operations, net of tax	$	(443,744)	$	(43,292)	$	27,396

Assets and liabilities of discontinued operations classified as held for sale in the Consolidated Balance Sheets as of January 1, 2022 and January 2, 2021 consist of the following:


	January 1, 2022		January 2, 2021(1)
Cash and cash equivalents	$	24,352	$	8,822
Trade accounts receivable, net	87,353		84,632
Inventories	141,653		123,337
Other current assets	21,926		17,295
Property, net	62,659		67,950
Right-of-use assets	32,603		34,637
Trademarks and other identifiable intangibles, net(2)	205,204		284,170
Goodwill	—		96,692
Deferred tax assets	4,174		5,438
Other noncurrent assets	4,127		5,614
Allowance to adjust assets to estimated fair value, less costs of disposal	(262,320)		—
Total assets of discontinued operations	$	321,731	$	728,587

Accounts payable	$	84,327	$	77,636
Accrued liabilities	122,620		133,431
Lease liabilities	6,562		10,332
Notes payable	329		784
Lease liabilities - noncurrent	27,426		28,775
Pension and postretirement benefits	38,325		46,569
Other noncurrent liabilities	31,887		37,645
Total liabilities of discontinued operations	$	311,476	$	335,172

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


	Years Ended
	January 1, 2022		January 2, 2021		December 28, 2019
Depreciation	$	2,608	$	11,650	$	10,572
Amortization	$	1,460	$	5,829	$	5,332
Capital expenditures	$	8,462	$	4,160	$	11,827
Impairment of intangible assets and goodwill	$	155,745	$	20,319	$	—
Loss on classification of assets held for sale	$	273,995	$	—	$	—
Capital expenditures included in accounts payable at end of period	$	1,079	$	3,767	$	3,035
Right-of-use assets obtained in exchange for lease obligations	$	8,672	$	3,738	$	2,027

- 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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 3A
-URI http://asc.fasb.org/extlink&oid=109226691&loc=SL51724579-110230

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109222650&loc=d3e1474-107760

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5D
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721677-107760

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=109222160&loc=SL51721533-107759

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
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-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721659-107760

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+ Details

Revenue Recognition (Tables)

12 Months Ended

Jan. 01, 2022

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:


	Years Ended
		January 1, 2022		January 2, 2021		December 28, 2019
Third-party brick-and-mortar wholesale		$	4,777,623	$	4,334,088	$	4,832,397
Consumer-directed		2,023,617		1,793,073		1,593,319
Total net sales		$	6,801,240	$	6,127,161	$	6,425,716

Earnings Per Share (Tables)

12 Months Ended

Jan. 01, 2022

Text Block [Abstract]

Reconciliation of Basic to Diluted Weighted Average Shares Outstanding

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


	Years Ended
	January 1, 2022	January 2, 2021	December 28, 2019
Basic weighted average shares outstanding	351,028	352,766	364,709
Effect of potentially dilutive securities:
Stock options	16	—	430
Restricted stock units	1,031	—	376
Employee stock purchase plan and other	3	—	4
Diluted weighted average shares outstanding	352,078	352,766	365,519

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:


	Years Ended
	January 1, 2022	January 2, 2021	December 28, 2019
Stock options	167	219	—
Restricted stock units	32	621	—

Stock-Based Compensation (Tables)

12 Months Ended

Jan. 01, 2022

Share-based Payment Arrangement [Abstract]

Share-based Payment Arrangement, Assumptions for Option-Pricing Model Used in Determining Fair Value of Stock Options Granted

The following table includes the assumptions for the Black-Scholes option-pricing model used in determining the fair value of these options granted during 2020.


	Year Ended
		January 2, 2021
Dividend yield		5.00	%
Risk-free interest rate		0.31	%
Volatility		39.97	%
Expected term (years)		6

Summary of Changes in Stock Options Outstanding

A summary of the changes in stock options outstanding to the Company’s employees is presented below:


	Shares	Weighted- Average Exercise Price		Aggregate Intrinsic Value		Weighted- Average Remaining Contractual Term (Years)
Options outstanding at December 29, 2018	783	$	6.51	$	4,449	1.54
Granted	—	—
Exercised	(312)	6.09
Options outstanding at December 28, 2019	471	$	6.79	$	3,786	0.94
Granted	250	17.18
Exercised	(471)	6.79
Options outstanding at January 2, 2021	250	$	17.18	$	22	9.59
Granted	—	—
Exercised	—	—
Options outstanding at January 1, 2022	250	$	17.18	$	200	8.59
Options exercisable at January 1, 2022	83	$	14.32	$	200	8.59

Summary of Changes in Restricted Stock Unit Awards Outstanding

A summary of the changes in the restricted stock unit awards outstanding is presented below:


	Shares	Weighted- Average Grant Date Fair Value		Aggregate Intrinsic Value		Weighted- Average Remaining Contractual Term (Years)
Nonvested share units outstanding at December 29, 2018	3,261	$	18.53	$	39,747	2.23
Granted — non-performanced based	114	16.20
Granted — performanced based	(93)	20.71
Vested	(1,246)	20.66
Forfeited	(169)	17.52
Nonvested share units outstanding at December 28, 2019	1,867	$	16.93	$	27,692	1.50
Granted — non-performanced based	1,006	14.26
Granted — performanced based	1,124	14.40
Vested	(803)	19.08
Forfeited	(83)	15.53
Nonvested share units outstanding at January 2, 2021	3,111	$	14.64	$	45,361	1.32
Granted — non-performanced based	970	16.11
Granted — performanced based	(149)	16.22
Vested	(1,694)	14.87
Forfeited	(117)	15.36
Nonvested share units outstanding at January 1, 2022	2,121	$	16.53	$	35,455	1.18

Summary of Compensation Expense and Deferred Tax Benefit from Share-based Payment Awards

For all share-based payments under the Omnibus Incentive Plan and outside the Omnibus Incentive Plan in 2020, the Company recognized compensation expense and deferred tax benefits as follows:


	Years Ended
		January 1, 2022		January 2, 2021		December 28, 2019
Compensation expense included in continuing operations		$	16,065	$	18,202	$	8,453
Compensation expense included in discontinued operations		225		462		455
Total compensation expense		$	16,290	$	18,664	$	8,908

Deferred tax benefit recognized in continuing operations		$	2,499	$	1,808	$	1,470

Trade Accounts Receivable (Tables)

12 Months Ended

Jan. 01, 2022

Text Block [Abstract]

Allowances for Trade Accounts Receivable

The changes in the Company’s allowance for doubtful accounts and allowance for chargebacks and other deductions are as follows:


	Allowance for Doubtful Accounts		Allowance for Chargebacks and Other Deductions		Total
Balance at December 29, 2018	$	16,466	$	11,438	$	27,904
Charged to expenses	8,458		12,191		20,649
Deductions, write-offs and adjustments	(8,285)		(13,285)		(21,570)
Currency translation	(362)		(131)		(493)
Balance at December 28, 2019	$	16,277	$	10,213	$	26,490
Charged to expenses	31,661		14,631		46,292
Deductions, write-offs and adjustments	(14,986)		(9,864)		(24,850)
Currency translation	651		162		813
Balance at January 2, 2021	$	33,603	$	15,142	$	48,745
Charged to expenses	2,279		24,501		26,780
Deductions, write-offs and adjustments	2,663		(15,245)		(12,582)
Currency translation	(707)		(288)		(995)
Balance at January 1, 2022	$	37,838	$	24,110	$	61,948

Inventories (Tables)

12 Months Ended

Jan. 01, 2022

Text Block [Abstract]

Inventories

Inventories consisted of the following:


	January 1, 2022		January 2, 2021
Raw materials	$	68,683	$	67,111
Work in process	110,246		108,844
Finished goods	1,405,086		1,191,803
	$	1,584,015	$	1,367,758

Property, Net (Tables)

12 Months Ended

Jan. 01, 2022

Text Block [Abstract]

Summary of Property

Property is summarized as follows:


	January 1, 2022		January 2, 2021
Land	$	26,368	$	26,850
Buildings and improvements	430,235		455,636
Machinery and equipment	998,891		1,065,541
Construction in progress	42,375		21,234
	1,497,869		1,569,261
Less accumulated depreciation	1,056,468		1,091,440
Property, net	$	441,401	$	477,821

Leases (Tables)

12 Months Ended

Jan. 01, 2022

Leases [Abstract]

Supplemental Cash Flow and Non-cash Information

The following table presents supplemental cash flow and non-cash information related to leases:


	Years Ended
	January 1, 2022		January 2, 2021		December 28, 2019
Cash paid for amounts included in the measurement of lease liabilities - operating cash flows from leases	$	157,138	$	179,591	$	147,597
Right-of-use assets obtained in exchange for lease obligations - non-cash activity	$	59,864	$	47,349	$	64,469

Supplemental Lease Information

The following table presents supplemental information related to lease terms and discount rates:



	Years Ended
	January 1, 2022		January 2, 2021		December 28, 2019
Weighted average remaining lease term	4.7 years		5.0 years		5.4 years
Weighted average discount rate	4.55	%	4.65	%	4.89	%

Maturities of Operating Lease Liabilities

The following table presents maturities of operating lease liabilities as of January 1, 2022:


2022	$	127,939
2023	104,410
2024	67,572
2025	46,216
2026	31,469
Thereafter	55,399
Total lease payments	433,005
Less interest	41,627
	$	391,378

Intangible Assets and Goodwill (Tables)

12 Months Ended

Jan. 01, 2022

Text Block [Abstract]

Intangible Assets and Related Accumulated Amortization

The primary components of the Company’s intangible assets and the related accumulated amortization are as follows:


	Gross		Accumulated Amortization		Net Book Value
Year ended January 1, 2022:
Intangible assets subject to amortization:
Trademarks and brand names	$	43,187	$	29,678	$	13,509
Licensing agreements	92,370		65,828		26,542
Customer and distributor relationships	132,971		78,647		54,324
Computer software	97,464		62,064		35,400
Other intangibles	3,984		3,720		264
	$	369,976	$	239,937	130,039
Intangible assets not subject to amortization:
Trademarks					1,087,881
Perpetual licensing agreements and other					2,250
Net book value of intangible assets					$	1,220,170


	Gross		Accumulated Amortization		Net Book Value
Year ended January 2, 2021:
Intangible assets subject to amortization:
Trademarks and brand names	$	37,273	$	30,073	$	7,200
Licensing agreements	92,561		60,608		31,953
Customer and distributor relationships	137,732		69,073		68,659
Computer software	86,054		53,303		32,751
Other intangibles	3,876		3,374		502
	$	357,496	$	216,431	141,065
Intangible assets not subject to amortization:
Trademarks					1,150,532
Perpetual licensing agreements and other					2,250
Net book value of intangible assets					$	1,293,847

Goodwill

Goodwill and the changes in those amounts during the period are as follows:


	Innerwear		Activewear		International		Other		Total
Net book value at December 28, 2019	$	406,853	$	316,384	$	397,611	$	27,673	$	1,148,521
Impairment	—		—		—		(25,173)		(25,173)
Currency translation	—		—		35,590		—		35,590
Net book value at January 2, 2021	$	406,853	$	316,384	$	433,201	$	2,500	$	1,158,938
Currency translation	—		—		(25,843)		—		(25,843)
Net book value at January 1, 2022	$	406,853	$	316,384	$	407,358	$	2,500	$	1,133,095

Debt (Tables)

12 Months Ended

Jan. 01, 2022

Debt Disclosure [Abstract]

Debt

A summary of the Company’s debt is presented below:


	Interest Rate as of January 1, 2022	Principal Amount
		January 1, 2022		January 2, 2021		Maturity Date
Senior Secured Credit Facility:
Revolving Loan Facility	—	$	—	$	—	November 2026
Term Loan A	1.38%	1,000,000		625,000		November 2026
Term Loan B	—	—		300,000		—
5.375% Senior Notes	—	—		700,000		—
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%	568,634		610,724		June 2024
Accounts Receivable Securitization Facility	—	—		—		June 2022
		3,368,634		4,035,724
Less long-term debt issuance costs		17,543		32,354
Less current maturities		25,000		263,936
		$	3,326,091	$	3,739,434

Defined Benefit Pension Plans (Tables)

12 Months Ended

Jan. 01, 2022

Text Block [Abstract]

Components of Net Periodic Benefit Cost and Other Amounts Recognized in Other Comprehensive Loss

The components of net periodic benefit cost and other amounts recognized in other comprehensive income (loss) of the Company’s noncontributory defined benefit pension plans were as follows:


	Years Ended
	January 1, 2022		January 2, 2021		December 28, 2019
Service cost	$	1,488	$	1,406	$	1,555
Interest cost	23,812		33,552		43,153
Expected return on assets	(45,923)		(42,278)		(44,639)
Settlement cost	861		121		9
Amortization of:
Prior service cost	(6)		(6)		(6)
Net actuarial loss	24,440		22,277		20,014
Net periodic benefit cost	$	4,672	$	15,072	$	20,086

Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income (Loss)
Net (gain) loss	$	(96,334)	$	38,484	$	33,436
Prior service credit	6		6		6
Total (gain) loss recognized in other comprehensive income (loss)	(96,328)		38,490		33,442
Total recognized in net periodic benefit cost and other comprehensive income (loss)	$	(91,656)	$	53,562	$	53,528

Funded Status of Company's Defined Benefit Pension Plans

The funded status of the Company’s defined benefit pension plans at the respective year ends was as follows:


	January 1, 2022		January 2, 2021
Benefit obligation:
Beginning of year	$	1,299,943	$	1,218,127
Service cost	1,488		1,406
Interest cost	23,812		33,552
Benefits paid	(62,525)		(58,482)
Settlements	(2,072)		(1,445)
Impact of exchange rate change	(1,128)		1,926
Actuarial (gain) loss	(43,325)		104,870
Other	(32)		(11)
End of year	1,216,161		1,299,943

Fair value of plan assets:
Beginning of year	920,316		864,172
Actual return on plan assets	73,567		86,569
Employer contributions	44,658		28,194
Benefits paid	(62,525)		(58,482)
Settlements	(2,072)		(1,445)
Impact of exchange rate change	(314)		1,319
Other	(32)		(11)
End of year	973,598		920,316
Funded status	$	(242,563)	$	(379,627)

Accumulated Benefit Obligation and Fair Value of Plan Assets with Accumulated Benefit Obligations in Excess of Plan Assets

The total benefit obligation and the benefit obligation and fair value of plan assets for the Company’s pension plans with benefit obligations in excess of plan assets are as follows:


	January 1, 2022		January 2, 2021
Benefit obligation	$	1,216,161	$	1,299,943
Plans with benefit obligation in excess of plan assets:
Benefit obligation	1,188,558		1,268,350
Fair value of plan assets	942,733		888,739

Amounts Recognized in Company's Consolidated Balance Sheets

Amounts recognized in the Company’s Consolidated Balance Sheets consist of:


	January 1, 2022		January 2, 2021
Other noncurrent assets	$	3,262	$	116
Accrued liabilities and other: Payroll and employee benefits	(2,225)		(3,837)
Pension and postretirement benefits	(243,600)		(375,906)
Accumulated other comprehensive loss	(570,523)		(666,851)

Amounts Recognized in Accumulated Other Comprehensive Loss

Amounts recognized in accumulated other comprehensive loss consist of:


	January 1, 2022		January 2, 2021
Prior service cost	$	(139)	$	(145)
Actuarial loss	570,662		666,996
Accumulated other comprehensive loss	$	570,523	$	666,851

Weighted Average Actuarial Assumptions Used in Measuring Net Periodic Benefit Cost and Plan Obligation

The weighted average actuarial assumptions used in measuring the net periodic benefit cost and plan obligations for the periods presented were as follows:


	January 1, 2022		January 2, 2021		December 28, 2019
Net periodic benefit cost:
Discount rate	2.55	%	3.25	%	4.37	%
Long-term rate of return on plan assets	4.95		4.97		5.79
Rate of compensation increase(1)	3.10		3.07		4.90
Interest crediting rate	5.50		5.50		5.50

Plan obligations:
Discount rate	2.88	%	2.55	%	3.25	%
Rate of compensation increase(1)	3.09		3.10		3.07
Interest crediting rate	5.50		5.50		5.50

Allocation of Pension Plan Assets

The allocation of pension plan assets as of the respective period end measurement dates is as follows:


	January 1, 2022		January 2, 2021
Asset category:
Hedge fund of funds	37	%	41	%
Foreign equity securities	22		16
U.S. equity securities	21		18
Debt securities	11		17
Real estate	6		5
Commodities	3		2
Cash and other	0		1

Income Taxes (Tables)

12 Months Ended

Jan. 01, 2022

Text Block [Abstract]

Provision for Income Tax Computed by Applying U.S. Statutory Rate to Income Before Taxes as Reconciled to Actual Provisions

The provision for income tax expense (benefit) computed by applying the U.S. statutory rate to income (loss) from continuing operations before income tax expense as reconciled to the actual provisions were:


	Years Ended
	January 1, 2022		January 2, 2021		December 28, 2019
Income (loss) from continuing operations before income tax expense:
Domestic	(3.3)	%	445.1	%	(6.9)	%
Foreign	103.3		(345.1)		106.9
	100.0	%	100.0	%	100.0	%

Tax expense at U.S. statutory rate	21.0	%	21.0	%	21.0	%
State income tax	(0.7)		17.0		1.1
Tax on actual and planned remittances of foreign earnings	1.5		5.4		(0.4)
Tax on foreign earnings due to U.S. tax reform including measurement period adjustments (1)	(0.3)		26.9		—
Tax on foreign earnings (U.S. tax reform - GILTI and FDII)	1.7		(2.3)		2.5
Foreign taxes less than U.S. statutory rate	(12.3)		39.0		(13.3)
Statutory stock deduction and Luxembourg Adjustments	—		(34.5)		2.3
Employee benefits	0.3		(2.2)		(0.2)
Other changes in valuation allowance	1.9		(14.2)		1.8
Tax benefits related to tax basis adjustments in acquired intangibles	—		—		(1.8)
Release of unrecognized tax benefit reserves	(0.9)		13.2		(0.6)
State tax rate change	1.0		0.3		0.3
Tax provision adjustments and revisions to prior years' returns	(1.6)		(1.0)		(2.4)
Nondeductible expenses and tax exempt income, net	(0.4)		10.2		—
Nondeductible impairment charges	—		(3.7)		—
Domestic income tax credits	(0.4)		2.3		—
Other, net	(0.5)		(0.1)		0.6
Taxes at effective worldwide tax rates	10.3	%	77.3	%	10.9	%

Current and Deferred Tax Provisions (Benefits)

Current and deferred tax provisions (benefits) were:


	Current		Deferred		Total
Year ended January 1, 2022
Domestic	$	(15,176)	$	6,934	$	(8,242)
Foreign	66,844		1,421		68,265
State	(2,948)		3,032		84
	$	48,720	$	11,387	$	60,107

Year ended January 2, 2021
Domestic	$	(7,770)	$	(136,221)	$	(143,991)
Foreign	46,701		34,066		80,767
State	6,256		(52,972)		(46,716)
	$	45,187	$	(155,127)	$	(109,940)

Year ended December 28, 2019
Domestic	$	(22,796)	$	15,213	$	(7,583)
Foreign	66,735		(3,670)		63,065
State	(9,300)		24,054		14,754
	$	34,639	$	35,597	$	70,236

Cash Payments For Income Taxes


	Years Ended
	January 1, 2022		January 2, 2021		December 28, 2019
Cash payments for income taxes	$	95,011	$	107,577	$	111,451

Deferred Tax Assets and Liabilities

The deferred tax assets and liabilities at the respective year-ends were as follows:


	January 1, 2022		January 2, 2021
Deferred tax assets:
Nondeductible reserves	$	—	$	272
Inventories	64,425		238,471
Bad debt allowance	15,605		12,075
Accrued expenses	20,863		13,689
Employee benefits	104,845		118,206
Tax credits	4,804		4,170
Net operating loss and other tax carryforwards	410,921		187,889
Leasing	112,423		143,874
Property and equipment	4,707		8,781
Derivatives	—		16,062
Section 163(j)	46,729		3,519
Capitalized research costs	5,873		6,831
Other	—		4,842
Gross deferred tax assets	791,195		758,681
Less valuation allowances	(306,221)		(204,854)
Deferred tax assets	484,974		553,827

Deferred tax liabilities:
Derivatives	10,303		—
Section 481(a) liability	23,881		49,551
Leasing	99,470		128,547
Accrued tax on unremitted foreign earnings	38,812		33,423
Intangibles	43,917		22,026
Other	392		—
Prepaids	434		4,553
Deferred tax liabilities	217,209		238,100

Net deferred tax assets	$	267,765	$	315,727

Summary of Changes in Valuation Allowance

The changes in the Company’s valuation allowance for deferred tax assets are as follows:


December 29, 2018	$	182,926
Charged to income tax expense	19,006
Charged to other accounts(1)	(13,378)
December 28, 2019	$	188,554
Charged to income tax expense	14,959
Charged to other accounts(1)	1,341
January 2, 2021	$	204,854
Charged to income tax expense	4,343
Charged to other accounts(1)	97,024
January 1, 2022	$	306,221

(1)Charges to other accounts include the effects of foreign currency translation and purchase accounting adjustments, and changes to valuation allowances as a result of intraperiod tax allocations.

Net Operating Loss Carryforwards

At January 1, 2022, the Company had foreign net operating loss carryforwards of approximately $1,126,934 which are subject to expiration as follows:


Fiscal Year:
2022	$	4,864
2023	5,570
2024	2,254
2025	3,447
2026	2,536
Thereafter	1,108,263

Reconciliation of Beginning and Ending Amount of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:


Balance at December 29, 2018 (gross balance of $106,517)	$	103,665
Additions based on tax positions related to the current year	2,478
Additions based on tax positions of prior years	19,585
Settlements	(2,730)
Lapse of statute of limitations	(4,016)
Reductions for tax positions of prior years	(44,597)
Balance at December 28, 2019 (gross balance of $78,789)	$	74,385
Additions based on tax positions related to the current year	3,675
Additions based on tax positions of prior years	2,666
Settlements	—
Lapse of statute of limitations	(16,655)
Reductions for tax positions of prior years	(18,385)
Balance at January 2, 2021 (gross balance of $46,645)	$	45,686
Additions based on tax positions related to the current year	3,231
Additions based on tax positions of prior years	3,401
Settlements	—
Lapse of statute of limitations	(147)
Reductions for tax positions of prior years	(12,599)
Balance at January 1, 2022 (gross balance of $40,706)	$	39,572

Accumulated Other Comprehensive Loss (Tables)

12 Months Ended

Jan. 01, 2022

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

Schedule of Accumulated Other Comprehensive Loss

The components of AOCI are as follows:


	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	—		(15,681)		23,009		(1,654)		5,674
Current-period other comprehensive income (loss) activity	104,318		(15,643)		(62,379)		18,719		45,015

Total other comprehensive income (loss)	104,318		(31,324)		(39,370)		17,065		50,689

Balance at January 2, 2021	$	(52,820)	$	(26,538)	$	(668,730)	$	181,129	$	(566,959)
Amounts reclassified from accumulated other comprehensive loss	—		34,554		25,011		(15,179)		44,386
Current-period other comprehensive income (loss) activity	(81,181)		(2,772)		74,558		(19,635)		(29,030)

Total other comprehensive income (loss)	(81,181)		31,782		99,569		(34,814)		15,356

Balance at January 1, 2022	$	(134,001)	$	5,244	$	(569,161)	$	146,315	$	(551,603)

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
		Years Ended
		January 1, 2022		January 2, 2021		December 28, 2019
Gain (loss) on forward foreign exchange contracts designated as cash flow hedges	Cost of sales	$	(15,301)	$	10,069	$	18,906
	Income tax	4,105		(2,851)		(4,855)
	Income (loss) from discontinued operations, net of tax	(2,890)		4,314		7,604
	Net of tax	(14,086)		11,532		21,655

Gain (loss) on cross-currency swap contracts designated as cash flow hedges	Selling, general and administrative expenses	(12,155)		—		—
	Interest expense, net	(3,556)		—		—
	Income tax	4,061		—		—
	Net of tax	(11,650)		—		—

Amortization of deferred actuarial loss and prior service cost	Other expenses	(25,671)		(22,261)		(20,007)
	Income tax	6,461		5,753		5,260
	Income (loss) from discontinued operations, net of tax	560		(698)		(110)
	Net of tax	(18,650)		(17,206)		(14,857)

Total reclassifications		$	(44,386)	$	(5,674)	$	6,798

Financial Instruments and Risk Management (Tables)

12 Months Ended

Jan. 01, 2022

Disclosure Financial Instruments and Risk Management [Abstract]

Schedule of Notional Amounts of Outstanding Derivative Positions


	Hedge Type	January 1, 2022		January 2, 2021
U.S. dollar equivalent notional amount of derivative instruments:
Forward foreign exchange contracts	Cash Flow and Mark to Market	$	308,071	$	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 instruments related to forward foreign exchange contracts and cross-currency swap contracts recognized in the Consolidated Balance Sheets of the Company were as follows:


	Balance Sheet Location	Fair Value
		January 1, 2022		January 2, 2021
Derivatives designated as hedging instruments:
Forward foreign exchange contracts	Other current assets	$	2,898	$	1
Cross-currency swap contracts	Other current assets	974		918
Forward foreign exchange contracts	Current assets held for sale	—		40
Forward foreign exchange contracts	Other noncurrent assets	83		—
Cross-currency swap contracts	Other noncurrent assets	1,979		—
Derivatives not designated as hedging instruments:
Forward foreign exchange contracts	Other current assets	5,439		2,459
Forward foreign exchange contracts	Current assets held for sale	—		198
Total derivative assets		11,373		3,616

Derivatives designated as hedging instruments:
Forward foreign exchange contracts	Accrued liabilities	(349)		(12,898)
Cross-currency swap contracts	Accrued liabilities	(222)		—
Forward foreign exchange contracts	Current liabilities held for sale	—		(4,747)
Forward foreign exchange contracts	Other noncurrent liabilities	(14)		(2,190)
Cross-currency swap contracts	Other noncurrent liabilities	(11,387)		(16,526)
Derivatives not designated as hedging instruments:
Forward foreign exchange contracts	Accrued liabilities	(331)		(16,488)
Forward foreign exchange contracts	Current liabilities held for sale	—		(2,195)
Total derivative liabilities		(12,303)		(55,044)

Net derivative liability		$	(930)	$	(51,428)

Effect of Cash Flow Hedge Derivative Instruments

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


	Amount of Gain (Loss) Recognized in AOCI on Derivative Instruments
	Years Ended
	January 1, 2022		January 2, 2021		December 28, 2019

Forward foreign exchange contracts	$	12,170	$	(15,643)	$	11,903
Cross-currency swap contracts	(14,942)		—		—
Total	$	(2,772)	$	(15,643)	$	11,903


	Location of Gain (Loss) Reclassified from AOCI into Income	Amount of Gain (Loss) Reclassified from AOCI into Income
		Years Ended
		January 1, 2022		January 2, 2021		December 28, 2019


Forward foreign exchange contracts(1)	Cost of sales	$	(15,301)	$	10,069	$	18,906
Forward foreign exchange contracts(1)	Income (loss) from discontinued operations, net of tax	(3,542)		5,612		10,025
Cross-currency swap contracts(1)	Selling, general and administrative expenses	(12,155)		—		—
Cross-currency swap contracts(1)	Interest expense, net	(3,556)		—		—
Total		$	(34,554)	$	15,681	$	28,931

(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.

The following table presents the amounts in the Consolidated Statements of Income in which the effects of cash flow hedges are recorded:


	Years Ended
	January 1, 2022		January 2, 2021		December 28, 2019
Cost of sales	$	4,149,541	$	4,524,461	$	3,997,014
Selling, general and administrative expenses	$	1,853,971	$	1,560,034	$	1,578,017
Interest expense, net	$	163,067	$	164,238	$	176,924
Income (loss) from discontinued operations, net of tax	$	(443,744)	$	(43,292)	$	27,396

Effect of Net Investment Hedge Derivative Instruments


	Amount of Gain (Loss) Recognized in AOCI
	Years Ended
	January 1, 2022		January 2, 2021		December 28, 2019
Euro-denominated long-term debt	$	24,928	$	(36,609)	$	(23)
Cross-currency swap contracts	13,670		(14,404)		2,201
Total	$	38,598	$	(51,013)	$	2,178


	Location of Gain Recognized in Income	Amount of Gain Recognized in Income (Amount Excluded from Effectiveness Testing)
		Years Ended
		January 1, 2022		January 2, 2021		December 28, 2019
Cross-currency swap contracts	Interest expense, net	$	7,389	$	7,637	$	3,613

The following table presents the amounts in the Consolidated Statements of Income in which the amounts excluded from effectiveness testing for net investment hedges are recorded:


	Years Ended
	January 1, 2022		January 2, 2021		December 28, 2019
Interest expense, net	$	163,067	$	164,238	$	176,924

Effect of Mark to Market Hedge Derivative Instruments

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


	Location of Gain (Loss) Recognized in Income on Derivatives	Amount of Gain (Loss) Recognized in Income
		Years Ended
		January 1, 2022		January 2, 2021		December 28, 2019
Forward foreign exchange contracts	Cost of sales	$	24,087	$	(16,163)	$	(18,530)
Forward foreign exchange contracts	Selling, general and administrative expenses	2,784		(2,029)		(1,022)
Forward foreign exchange contracts	Income (loss) from discontinued operations, net of tax	4,706		(3,707)		(13,330)
Total		$	31,577	$	(21,899)	$	(32,882)

Fair Value of Assets and Liabilities (Tables)

12 Months Ended

Jan. 01, 2022

Fair Value Disclosures [Abstract]

Fair Value of Financial Assets and Liabilities Measured on 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 January 1, 2022
	Total		Quoted Prices In Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Defined benefit pension plan investment assets:
U.S. equity securities	$	201,111	$	201,111	$	—	$	—
Foreign equity securities	47,099		47,099		—		—
Debt securities	24,125		24,125		—		—
Cash and other	1,597		1,597		—		—
Total plan assets in the fair value hierarchy	273,932		273,932		—		—
Plan assets measured at net asset value:(1)
Hedge fund of funds	356,289
Foreign equity securities	170,741
Debt securities	87,284
Real estate	57,479
Commodities	27,873
Total plan assets measured at net asset value	699,666
Total plan assets	973,598

Derivative contracts:
Forward foreign exchange contracts - assets	8,420		—		8,420		—
Cross-currency swap contracts - assets	2,953		—		2,953		—
Forward foreign exchange contracts - liabilities	(694)		—		(694)		—
Cross-currency swap contracts - liabilities	(11,609)		—		(11,609)		—
Total derivative contracts	(930)		—		(930)		—
Deferred compensation plan liability	(20,916)		—		(20,916)		—
Total	$	951,752	$	273,932	$	(21,846)	$	—


	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)
Defined benefit pension plan investment assets:
U.S. equity securities	$	164,802	$	164,802	$	—	$	—
Foreign equity securities	39,696		39,696		—		—
Debt securities	24,862		24,862		—		—
Cash and other	13,890		13,890		—		—
Total plan assets in the fair value hierarchy	243,250		243,250		—		—
Plan assets measured at net asset value:(1)
Hedge fund of funds	375,027
Foreign equity securities	108,357
Debt securities	127,370
Real estate	48,671
Commodities	17,641
Total plan assets measured at net asset value	677,066
Total plan assets	920,316

Derivative contracts:
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)		—
Total derivative contracts	(44,724)		—		(44,724)		—
Deferred compensation plan liability	(21,878)		—		(21,878)		—
Total	$	853,714	$	243,250	$	(66,602)	$	—

Business Segment Information (Tables)

12 Months Ended

Jan. 01, 2022

Segment Reporting [Abstract]

Net Sales


	Years Ended
	January 1, 2022		January 2, 2021		December 28, 2019
Net sales:
Innerwear	$	2,719,788	$	2,978,009	$	2,302,632
Activewear	1,679,639		1,184,413		1,854,704
International	2,066,249		1,711,432		1,930,828
Other	335,564		253,307		337,552
Total net sales	$	6,801,240	$	6,127,161	$	6,425,716

Segment Operating Profit


	Years Ended
	January 1, 2022		January 2, 2021		December 28, 2019
Segment operating profit:
Innerwear	$	573,852	$	718,923	$	515,991
Activewear	236,400		67,643		281,319
International	339,317		249,718		331,322
Other	30,922		(10,140)		33,439
Total segment operating profit	1,180,491		1,026,144		1,162,071
Items not included in segment operating profit:
General corporate expenses	(219,984)		(218,424)		(219,266)
Restructuring and other action-related charges	(131,710)		(734,196)		(62,515)
Amortization of intangibles	(31,069)		(30,858)		(29,605)
Total operating profit	797,728		42,666		850,685
Other expenses	(53,586)		(20,655)		(30,201)
Interest expense, net	(163,067)		(164,238)		(176,924)
Income (loss) from continuing operations before income tax expense	$	581,075	$	(142,227)	$	643,560

Restructuring and other action-related charges

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


	Years Ended
	January 1, 2022		January 2, 2021		December 28, 2019
Cost of sales	$	10,098	$	670,618	$	57,448
Selling, general and administrative expenses	121,612		63,578		5,067
Total included in operating profit	131,710		734,196		62,515
Other expenses	45,699		—		—
Total included in income (loss) from continuing operations before income tax expense	177,409		734,196		62,515
Income tax expense	53,665		205,342		22,159
Total restructuring and other action-related charges	$	123,744	$	528,854	$	40,356

The components of restructuring and other action-related charges were as follows:


	Years Ended
	January 1, 2022		January 2, 2021		December 28, 2019
Full Potential plan:
Professional services	$	44,617	$	—	$	—
Loss on classification of assets held for sale	38,364		—		—
Operating model	23,191		—		—
Impairment of intangible assets	7,302		—		—
Supply chain segmentation	5,419		—		—
Technology	4,617		—		—
Other	8,200		—		—
Inventory SKU rationalization	—		192,704		—
PPE inventory write-off	—		362,913		—
PPE vendor commitments	—		26,400		—
Supply chain actions	—		19,636		52,832
Program exit costs	—		9,854		4,616
Other restructuring costs	—		7,763		5,067
COVID-19 related charges:
Supply chain re-startup	—		48,608		—
Bad debt	—		9,418		—
Inventory	—		14,869		—
Goodwill	—		25,173		—
Write-off of acquisition tax asset	—		16,858		—
Total included in operating profit	131,710		734,196		62,515
Early extinguishment and refinancing of debt included in other expenses	45,699		—		—
Total included in income (loss) from continuing operations before income tax expense	177,409		734,196		62,515
Discrete tax benefits	27,147		69,628		—
Tax effect on actions	26,518		135,714		22,159
Total included in income tax expense (benefit)	53,665		205,342		22,159
Total restructuring and other action-related charges	$	123,744	$	528,854	$	40,356

Assets


	January 1, 2022
	Innerwear		Activewear		International		Other		Unallocated		Total Assets
Assets:
Inventories	$	829,093	$	447,297	$	279,379	$	28,246	$	—	$	1,584,015
Assets held for sale	—		—		—		—		327,157		327,157
All other assets	—		—		—		—		5,160,264		5,160,264
Total assets											$	7,071,436


	January 2, 2021
	Innerwear		Activewear		International		Other		Unallocated		Total Assets
Assets:
Inventories	$	578,822	$	404,539	$	308,643	$	75,754	$	—	$	1,367,758
Assets held for sale	—		—		—		—		728,587		728,587
All other assets	—		—		—		—		5,623,522		5,623,522
Total assets											$	7,719,867

Depreciation and Amortization Expense


	Years Ended
	January 1, 2022		January 2, 2021		December 28, 2019
Depreciation and amortization expense:
Innerwear	$	25,816	$	27,407	$	30,408
Activewear	23,562		23,621		23,804
International	22,476		24,307		25,046
Other	4,578		5,520		6,200
	76,432		80,855		85,458
Corporate	33,698		34,112		29,605
Total depreciation and amortization expense	$	110,130	$	114,967	$	115,063

Geographic Area Information (Tables)

12 Months Ended

Jan. 01, 2022

Text Block [Abstract]

Sales and Long Lived Assets by Geographical Area


	Years Ended or at
	January 1, 2022				January 2, 2021				December 28, 2019
	Sales		Property, Net		Sales		Property, Net		Sales		Property, Net
Americas	$	4,995,230	$	325,188	$	4,544,651	$	351,841	$	4,659,346	$	383,219
Asia Pacific	1,257,037		85,538		1,085,822		92,582		1,245,776		102,305
Europe	530,440		30,675		482,630		33,398		506,271		30,278
Other	18,533		—		14,058		—		14,323		135
	$	6,801,240	$	441,401	$	6,127,161	$	477,821	$	6,425,716	$	515,937

Quarterly Financial Data (Tables)

12 Months Ended

Jan. 01, 2022

Text Block [Abstract]

Quarterly Information


	Quarters Ended
	January 1, 2022		January 2, 2021
Net sales	$	1,752,349	$	1,689,145
Cost of sales	1,084,621		1,589,946
Gross profit	667,728		99,199
Selling, general and administrative expenses	512,162		495,706
Operating profit (loss)	155,566		(396,507)
Other expenses	47,359		5,003
Interest expense, net	35,307		43,636
Income (loss) from continuing operations before income tax expense	72,900		(445,146)
Income tax expense (benefit)	4,946		(152,948)
Income (loss) from continuing operations	67,954		(292,198)
Loss from discontinued operations, net of tax	(7,921)		(39,966)
Net income (loss)	$	60,033	$	(332,164)

Earnings (loss) per share - basic:
Continuing operations	$	0.19	$	(0.83)
Discontinued operations	(0.02)		(0.11)
Net income (loss)	$	0.17	$	(0.95)

Earnings (loss) per share - diluted:
Continuing operations	$	0.19	$	(0.83)
Discontinued operations	(0.02)		(0.11)
Net income (loss)	$	0.17	$	(0.95)

Basis of Presentation (Details) - Total included in operating profit - USD ($) $ in Thousands	12 Months Ended
	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
Restructuring and Other Action-Related Charges
Restructuring and other action-related charges	$ 131,710	$ 734,196	$ 62,515
Full Potential plan
Restructuring and Other Action-Related Charges
Restructuring and other action-related charges	131,710
PPE inventory write-off \| Full Potential plan
Restructuring and Other Action-Related Charges
Restructuring and other action-related charges	0	362,913	0
PPE vendor commitments \| Full Potential plan
Restructuring and Other Action-Related Charges
Restructuring and other action-related charges	0	26,400	0
Inventory SKU rationalization \| Full Potential plan
Restructuring and Other Action-Related Charges
Restructuring and other action-related charges	$ 0	$ 192,704	$ 0

Summary of Significant Accounting Policies - Additional Information (Detail) $ in Thousands, $ in Thousands	3 Months Ended		12 Months Ended
	Jan. 01, 2022 USD ($)	Jan. 02, 2021 USD ($)	Jan. 01, 2022 USD ($)	Jan. 02, 2021 USD ($)	Dec. 28, 2019 USD ($)	Jan. 02, 2021 AUD ($)
Summary of Significant Accounting Policies
Advertising expense			$ 208,998	$ 113,586	$ 143,734
Net sales	$ 1,752,349	$ 1,689,145	6,801,240	6,127,161	6,425,716
Shipping and handling costs			447,131	389,252	394,906
Research and development expense			39,320	37,367	41,782
Defined contribution benefit plans			37,979	34,720	27,938
Restricted cash	$ 0	1,166	$ 0	1,166	1,047
BNT Holdco Pty Limited
Summary of Significant Accounting Policies
Restricted cash		$ 1,166		1,166		$ 1,517
Trademarks \| Minimum
Summary of Significant Accounting Policies
Finite-lived intangible assets amortization period			10 years
Trademarks \| Maximum
Summary of Significant Accounting Policies
Finite-lived intangible assets amortization period			20 years
Licensing agreements \| Minimum
Summary of Significant Accounting Policies
Finite-lived intangible assets amortization period			3 years
Licensing agreements \| Maximum
Summary of Significant Accounting Policies
Finite-lived intangible assets amortization period			15 years
Customer and distributor relationships \| Minimum
Summary of Significant Accounting Policies
Finite-lived intangible assets amortization period			1 year
Customer and distributor relationships \| Maximum
Summary of Significant Accounting Policies
Finite-lived intangible assets amortization period			15 years
Computer software and other intangibles \| Minimum
Summary of Significant Accounting Policies
Finite-lived intangible assets amortization period			1 year
Computer software and other intangibles \| Maximum
Summary of Significant Accounting Policies
Finite-lived intangible assets amortization period			13 years
Machinery and Equipment \| Minimum
Summary of Significant Accounting Policies
Estimated useful life			1 year
Machinery and Equipment \| Maximum
Summary of Significant Accounting Policies
Estimated useful life			15 years
Buildings and Improvements \| Maximum
Summary of Significant Accounting Policies
Estimated useful life			40 years
Shipping and Handling
Summary of Significant Accounting Policies
Net sales			$ 19,461	$ 18,943	$ 19,536

Assets and Liabilities Held for Sale - Balance Sheet (Details) - USD ($) $ in Thousands	Jan. 01, 2022	Jan. 02, 2021
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Current assets held for sale	$ 327,157	$ 234,086
Noncurrent assets held for sale	0	494,501
Current liabilities held for sale	316,902	222,183
Noncurrent liabilities held for sale	0	112,989
Continuing Operations, Disposal Group, Held-for-sale \| U.S. Sheer Hosiery Business
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Current assets held for sale	5,426	0
Current liabilities held for sale	5,426	0
Discontinued Operations, Held-for-sale \| European Innerwear Business
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Current assets held for sale	321,731	234,086
Noncurrent assets held for sale	0	494,501
Current liabilities held for sale	311,476	222,183
Noncurrent liabilities held for sale	$ 0	$ 112,989

- Definition

Amount classified as assets attributable to disposal group held for sale or disposed of, expected to be disposed of within one year or the normal operating cycle, if longer.

+ References + Details

- Definition

Amount classified as assets attributable to disposal group held for sale or disposed of, expected to be disposed of after one year or the normal operating cycle, if longer.

+ References + Details

- Definition

Amount classified as liabilities attributable to disposal group held for sale or disposed of, expected to be disposed of within one year or the normal operating cycle, if longer.

+ References + Details

- Definition

Amount classified as liabilities attributable to disposal group held for sale or disposed of, expected to be disposed of beyond one year or the normal operating cycle, if longer.

+ References + Details

Assets and Liabilities Held for Sale - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Jan. 01, 2022	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Goodwill, impairment loss			$ 25,173
Loss on classification of assets held for sale		$ 312,359	0	$ 0
Selling, general and administrative expenses
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Impairment of intangible assets, Continuing Operations		7,302
U.S. Sheer Hosiery Business \| Selling, general and administrative expenses
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Goodwill, impairment loss			25,173
Continuing Operations, Disposal Group, Held-for-sale \| U.S. Sheer Hosiery Business
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loss on classification of assets held for sale		38,364
Discontinued Operations, Held-for-sale \| European Innerwear Business
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Impairment of intangible assets and goodwill, Discontinued Operations		155,745	20,319	0
Loss on classification of assets held for sale	$ 7,253	$ 273,995	$ 0	$ 0

Discontinued Operations - Income Statement (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Jan. 01, 2022	Jan. 02, 2021	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loss on classification of assets held for sale			$ 312,359	$ 0	$ 0
Net income (loss) from discontinued operations, net of tax	$ (7,921)	$ (39,966)	(443,744)	(43,292)	27,396
Discontinued Operations, Held-for-sale \| European Innerwear Business
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net sales			546,558	598,322	598,548
Cost of sales			294,383	352,758	307,920
Gross profit			252,175	245,564	290,628
Selling, general and administrative expenses			274,408	261,410	251,583
Impairment of intangible assets and goodwill			155,745	20,319	0
Loss on classification of assets held for sale	$ 7,253		273,995	0	0
Operating income (loss)			(451,973)	(36,165)	39,045
Other expenses			2,178	2,477	1,223
Interest expense, net			613	2,253	1,655
Income (loss) from discontinued operations before income tax expense			(454,764)	(40,895)	36,167
Income tax expense (benefit)			(11,020)	2,397	8,771
Net income (loss) from discontinued operations, net of tax			$ (443,744)	$ (43,292)	$ 27,396

Discontinued Operations - Assets and Liabilities (Details) - USD ($) $ in Thousands	Jan. 01, 2022	Jan. 02, 2021
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total assets of discontinued operations	$ 327,157	$ 728,587
Trademarks
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Intangible assets not subject to amortization	1,087,881	1,150,532
Discontinued Operations, Held-for-sale \| European Innerwear Business
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash and cash equivalents	24,352	8,822
Trade accounts receivable, net	87,353	84,632
Inventories	141,653	123,337
Other current assets	21,926	17,295
Property, net	62,659	67,950
Right-of-use assets	32,603	34,637
Trademarks and other identifiable intangibles, net	205,204	284,170
Goodwill	0	96,692
Deferred tax assets	4,174	5,438
Other noncurrent assets	4,127	5,614
Allowance to adjust assets to estimated fair value, less costs of disposal	(262,320)	0
Total assets of discontinued operations	321,731	728,587
Accounts payable	84,327	77,636
Accrued liabilities	122,620	133,431
Lease liabilities	6,562	10,332
Notes payable	329	784
Lease liabilities - noncurrent	27,426	28,775
Pension and postretirement benefits	38,325	46,569
Other noncurrent liabilities	31,887	37,645
Total liabilities of discontinued operations	311,476	335,172
Discontinued Operations, Held-for-sale \| European Innerwear Business \| Trademarks
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Intangible assets not subject to amortization	$ 161,693	$ 229,315

Discontinued Operations - Cash Flows (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Jan. 01, 2022	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loss on classification of assets held for sale		$ 312,359	$ 0	$ 0
Discontinued Operations, Held-for-sale \| European Innerwear Business
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Depreciation		2,608	11,650	10,572
Amortization		1,460	5,829	5,332
Capital expenditures		8,462	4,160	11,827
Impairment of intangible assets and goodwill		155,745	20,319	0
Loss on classification of assets held for sale	$ 7,253	273,995	0	0
Capital expenditures included in accounts payable at end of period		1,079	3,767	3,035
Right-of-use assets obtained in exchange for lease obligations		$ 8,672	$ 3,738	$ 2,027

Revenue Recognition (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
Revenue Recognition (Details) - USD ($) $ in Thousands	Jan. 01, 2022	Jan. 02, 2021	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
Disaggregation of Revenue
Net sales	$ 1,752,349	$ 1,689,145	$ 6,801,240	$ 6,127,161	$ 6,425,716
Third-party brick-and-mortar wholesale
Disaggregation of Revenue
Net sales			4,777,623	4,334,088	4,832,397
Consumer-directed
Disaggregation of Revenue
Net sales			$ 2,023,617	1,793,073	$ 1,593,319
Government contract \| Third-party brick-and-mortar wholesale
Disaggregation of Revenue
Net sales				$ 518,309

- 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

Earnings Per Share - Reconciliation of Basic to Diluted Weighted Average Shares (Detail) - shares shares in Thousands	12 Months Ended
	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
Reconciliation of basic to diluted weighted average shares
Basic weighted average shares outstanding	351,028	352,766	364,709
Diluted weighted average shares outstanding	352,078	352,766	365,519
Stock options
Effect of potentially dilutive securities:
Incremental common shares attributable to dilutive effect of share-based payment arrangements	16	0	430
Restricted stock units
Effect of potentially dilutive securities:
Incremental common shares attributable to dilutive effect of share-based payment arrangements	1,031	0	376
Employee stock purchase plan and other
Effect of potentially dilutive securities:
Incremental common shares attributable to dilutive effect of share-based payment arrangements	3	0	4

Earnings Per Share - Anti-Dilutive Securities (Detail) - shares shares in Thousands	12 Months Ended
	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of diluted earnings per share	167	219	0
Restricted stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of diluted earnings per share	32	621	0

Stock Based Compensation - Summary of Changes in Stock Options Outstanding (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019	Dec. 29, 2018
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Options outstanding, Shares, Beginning Balance	250	471	783
Granted, shares	0	250	0
Exercised, shares	0	(471)	(312)
Options outstanding, Shares, Ending Balance	250	250	471	783
Options exercisable, Shares, Ending Balance	83
Options outstanding, Weighted-Average Exercise Price, Beginning Balance	$ 17.18	$ 6.79	$ 6.51
Weighted-Average Exercise Price, Grants	0	17.18	0
Weighted-Average Exercise Price, Exercised	0	6.79	6.09
Options outstanding, Weighted Average Exercise Price, Ending Balance	17.18	$ 17.18	$ 6.79	$ 6.51
Weighted-Average Exercise Price, Exercisable	$ 14.32
Options Outstanding, Aggregate Intrinsic Value	$ 200	$ 22	$ 3,786	$ 4,449
Options Exercisable, Aggregate Intrinsic Value	$ 200
Option Outstanding, Weighted-Average Remaining Contractual Term (Years)	8 years 7 months 2 days	9 years 7 months 2 days	11 months 8 days	1 year 6 months 14 days
Option Exercisable, Weighted-Average Remaining Contractual Term (Years)	8 years 7 months 2 days

Stock Based Compensation - Summary of Changes in Restricted Stock Unit Awards Outstanding (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019	Dec. 29, 2018
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Nonvested share units outstanding, Beginning Balance	3,111	1,867	3,261
Vested, Shares	(1,694)	(803)	(1,246)
Forfeited, Shares	(117)	(83)	(169)
Nonvested share units outstanding, Ending Balance	2,121	3,111	1,867	3,261
Weighted Average Grant Date Fair Value, Share units, Beginning Balance	$ 14.64	$ 16.93	$ 18.53
Weighted Average Grant Date Fair Value, Vested	14.87	19.08	20.66
Weighted Average Grant Date Fair Value, Forfeited	15.36	15.53	17.52
Weighted Average Grant Date Fair Value, Share units, Ending Balance	$ 16.53	$ 14.64	$ 16.93	$ 18.53
Aggregate Intrinsic Value	$ 35,455	$ 45,361	$ 27,692	$ 39,747
Weighted-Average Remaining Contractual Term (Years)	1 year 2 months 4 days	1 year 3 months 25 days	1 year 6 months	2 years 2 months 23 days
Non-Performanced Based
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	970	1,006	114
Weighted Average Grant Date Fair Value, Granted	$ 16.11	$ 14.26	$ 16.20
Performanced Based
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Share-based Compensation Arrangement by Share-based Payment Award, Performanced Based Restricted Stock Units, Grants in Period	(149)	1,124	(93)
Weighted Average Grant Date Fair Value, Granted	$ 16.22	$ 14.40	$ 20.71

Stock Based Compensation - Additional Information (Detail) - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividend yield		5.00%
Risk-free interest rate		0.31%
Volatility		39.97%
Expected term (years)		6 years
Total intrinsic value of options exercised	$ 0	$ 3,299	$ 3,084
Compensation expense from share-based payment awards	16,290	18,664	8,908
Total unrecognized compensation cost related to non-vested stock-based compensation arrangements	25,019
Unrecognized compensation cost related to non-vested stock-based compensation arrangements expected to be recognized in 2022	14,156
Unrecognized compensation cost related to non-vested stock-based compensation arrangements expected to be recognized in 2023	9,586
Unrecognized compensation cost related to non-vested stock-based compensation arrangements expected to be recognized in 2024	1,277
Continuing Operations
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense from share-based payment awards	16,065	18,202	8,453
Deferred tax benefit from share-based payment awards	2,499	1,808	1,470
Discontinued Operations
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense from share-based payment awards	$ 225	$ 462	455
Share Based Compensation Arrangement
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock shares authorized for awards granted	11,000
Common stock shares authorized for awards of Stock Options and Restricted Stock Units	74,220
Number of shares available for future grants	16,469
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Ratable vesting period of Stock Options, years	3 years
Exercise term of Stock Options, years	10 years
Number of shares granted outside of the Omnibus Plan		250
Ratable vesting period of Stock Options granted outside of the Omnibus Plan, years		3 years
Exercise term of Stock Options granted outside of the Omnibus Plan, years		10 years
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted outside of the Omnibus Plan		225,399
Fair value of Restricted Stock Units shares vested	$ 25,201	$ 15,325	$ 25,730
Minimum percentage of target of performanced-based Restricted Stock Units granted	0.00%
Maximum percentage of target of performanced-based Restricted Stock Units granted	200.00%
Restricted Stock Units (RSUs) \| Non-performanced based
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted outside of the Omnibus Plan		119,143
Restricted Stock Units (RSUs) \| Performanced-based
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted outside of the Omnibus Plan		106,256
Restricted Stock Units (RSUs) \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period of Restricted Stock Units, years	1 year
Restricted Stock Units (RSUs) \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period of Restricted Stock Units, years	3 years

Trade Accounts Receivable - Allowances for Trade Accounts Receivable (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
Accounts Receivable, Allowance for Doubtful Accounts, Chargebacks and Other Deductions [Roll Forward]
Beginning Balance	$ 48,745	$ 26,490	$ 27,904
Charged to expenses	26,780	46,292	20,649
Deductions, write-offs and adjustments	(12,582)	(24,850)	(21,570)
Currency translation	(995)	813	(493)
Ending Balance	61,948	48,745	26,490
Allowance for Doubtful Accounts
Accounts Receivable, Allowance for Doubtful Accounts, Chargebacks and Other Deductions [Roll Forward]
Beginning Balance	33,603	16,277	16,466
Charged to expenses	2,279	31,661	8,458
Deductions, write-offs and adjustments	2,663	(14,986)	(8,285)
Currency translation	(707)	651	(362)
Ending Balance	37,838	33,603	16,277
Allowance for Chargebacks and Other Deductions
Accounts Receivable, Allowance for Doubtful Accounts, Chargebacks and Other Deductions [Roll Forward]
Beginning Balance	15,142	10,213	11,438
Charged to expenses	24,501	14,631	12,191
Deductions, write-offs and adjustments	(15,245)	(9,864)	(13,285)
Currency translation	(288)	162	(131)
Ending Balance	$ 24,110	$ 15,142	$ 10,213

Trade Accounts Receivable - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
Trade Accounts Receivable [Abstract]
Funding Fees For Sales Of Accounts Receivable	$ 3,312	$ 4,932	$ 9,891

Inventories Disclosure (Detail) - USD ($) $ in Thousands	Jan. 01, 2022	Jan. 02, 2021
Inventories Disclosure [Abstract]
Raw materials	$ 68,683	$ 67,111
Work in process	110,246	108,844
Finished goods	1,405,086	1,191,803
Total Inventories	$ 1,584,015	$ 1,367,758

Inventories Narrative (Details) - Total included in operating profit - USD ($) $ in Thousands	12 Months Ended
	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
Restructuring and Other Action-Related Charges
Restructuring and other action-related charges	$ 131,710	$ 734,196	$ 62,515
Full Potential plan
Restructuring and Other Action-Related Charges
Restructuring and other action-related charges	131,710
PPE inventory write-off \| Full Potential plan
Restructuring and Other Action-Related Charges
Restructuring and other action-related charges	0	362,913	0
Inventory SKU rationalization \| Full Potential plan
Restructuring and Other Action-Related Charges
Restructuring and other action-related charges	$ 0	$ 192,704	$ 0

Summary of Property (Detail) - USD ($) $ in Thousands	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
Property, Net - Summary Of Property [Abstract]
Land	$ 26,368	$ 26,850
Buildings and improvements	430,235	455,636
Machinery and equipment	998,891	1,065,541
Construction in progress	42,375	21,234
Property, gross	1,497,869	1,569,261
Less accumulated depreciation	1,056,468	1,091,440
Property, net	$ 441,401	$ 477,821	$ 515,937

Property, Net Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
Property, Net Narrative (Details) - USD ($) $ in Thousands	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
Property, Plant and Equipment [Abstract]
Capital expenditures included in accounts payable	$ 23,085	$ 14,164	$ 16,292

Leases (Details) - USD ($) $ in Thousands	12 Months Ended
Leases (Details) - USD ($) $ in Thousands	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
Lessee, Lease, Description [Line Items]
Lease cost	$ 236,139	$ 218,506	$ 211,020
Variable cost	$ 77,496	$ 69,210	$ 64,062
Minimum
Lessee, Lease, Description [Line Items]
Remaining lease terms	1 month
Option to terminate, period	1 year
Maximum
Lessee, Lease, Description [Line Items]
Option to extend, term	15 years
Remaining lease terms	36 years

Leases - Supplemental Cash Flow and Non-Cash Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
Leases [Abstract]
Cash paid for amounts included in the measurement of lease liabilities - operating cash flows from leases	$ 157,138	$ 179,591	$ 147,597
Right-of-use assets obtained in exchange for lease obligations - non-cash activity	$ 59,864	$ 47,349	$ 64,469

Leases - Supplemental Lease Information (Details)	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
Leases [Abstract]
Weighted average remaining lease term	4 years 8 months 12 days	5 years	5 years 4 months 24 days
Weighted average discount rate	4.55%	4.65%	4.89%

Leases - Maturities of Operating Lease Liabilities (Details) $ in Thousands	Jan. 01, 2022 USD ($)
Leases [Abstract]
2022	$ 127,939
2023	104,410
2024	67,572
2025	46,216
2026	31,469
Thereafter	55,399
Total lease payments	433,005
Less interest	41,627
Total operating lease liabilities	$ 391,378

Intangible Assets and Goodwill - Intangible Assets and Related Accumulated Amortization (Detail) - USD ($) $ in Thousands	Jan. 01, 2022	Jan. 02, 2021
Finite And Indefinite Lived Intangible Assets [Line Items]
Gross	$ 369,976	$ 357,496
Accumulated Amortization	239,937	216,431
Net Book Value	130,039	141,065
Net book value of intangible assets	1,220,170	1,293,847
Trademarks and brand names
Finite And Indefinite Lived Intangible Assets [Line Items]
Gross	43,187	37,273
Accumulated Amortization	29,678	30,073
Net Book Value	13,509	7,200
Licensing agreements
Finite And Indefinite Lived Intangible Assets [Line Items]
Gross	92,370	92,561
Accumulated Amortization	65,828	60,608
Net Book Value	26,542	31,953
Customer and distributor relationships
Finite And Indefinite Lived Intangible Assets [Line Items]
Gross	132,971	137,732
Accumulated Amortization	78,647	69,073
Net Book Value	54,324	68,659
Computer software
Finite And Indefinite Lived Intangible Assets [Line Items]
Gross	97,464	86,054
Accumulated Amortization	62,064	53,303
Net Book Value	35,400	32,751
Other intangibles
Finite And Indefinite Lived Intangible Assets [Line Items]
Gross	3,984	3,876
Accumulated Amortization	3,720	3,374
Net Book Value	264	502
Trademarks
Finite And Indefinite Lived Intangible Assets [Line Items]
Intangible assets not subject to amortization	1,087,881	1,150,532
Perpetual licensing agreements and other
Finite And Indefinite Lived Intangible Assets [Line Items]
Intangible assets not subject to amortization	$ 2,250	$ 2,250

Intangible Assets and Goodwill - Goodwill (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 01, 2022	Jan. 02, 2021
Intangible Assets and Goodwill [Line Items]
Goodwill, Beginning Balance	$ 1,158,938	$ 1,148,521
Impairment		(25,173)
Currency translation	(25,843)	35,590
Goodwill, Ending Balance	1,133,095	1,158,938
Innerwear
Intangible Assets and Goodwill [Line Items]
Goodwill, Beginning Balance	406,853	406,853
Impairment		0
Currency translation	0	0
Goodwill, Ending Balance	406,853	406,853
Activewear
Intangible Assets and Goodwill [Line Items]
Goodwill, Beginning Balance	316,384	316,384
Impairment		0
Currency translation	0	0
Goodwill, Ending Balance	316,384	316,384
International
Intangible Assets and Goodwill [Line Items]
Goodwill, Beginning Balance	433,201	397,611
Impairment		0
Currency translation	(25,843)	35,590
Goodwill, Ending Balance	407,358	433,201
Other
Intangible Assets and Goodwill [Line Items]
Goodwill, Beginning Balance	2,500	27,673
Impairment		(25,173)
Currency translation	0	0
Goodwill, Ending Balance	$ 2,500	$ 2,500

Intangible Assets and Goodwill - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
Intangible Assets and Goodwill [Line Items]
Amortization expense in Continuing Operations for intangible assets subject to amortization	$ 31,069	$ 30,858	$ 29,605
Estimated amortization expense, 2022	26,398
Estimated amortization expense, 2023	23,724
Estimated amortization expense, 2024	20,209
Estimated amortization expense, 2025	17,920
Estimated amortization expense, 2026	11,413
Goodwill, impairment loss		25,173
Selling, general and administrative expenses
Intangible Assets and Goodwill [Line Items]
Impairment of intangible assets, Continuing Operations	$ 7,302
U.S. Sheer Hosiery \| Selling, general and administrative expenses
Intangible Assets and Goodwill [Line Items]
Goodwill, impairment loss		$ 25,173

Debt - Summary of Debt (Details) - USD ($) $ in Thousands	Jan. 01, 2022	Apr. 01, 2021	Jan. 02, 2021	Jul. 10, 2019
Debt Instrument [Line Items]
Long-term debt, gross	$ 3,368,634		$ 4,035,724
Long-term Debt, Excluding Current Maturities [Abstract]
Less long-term debt issuance costs	17,543		32,354
Less current maturities	25,000		263,936
Long-term debt	$ 3,326,091		3,739,434
Revolving Loan Facility
Debt Instrument [Line Items]
Interest rate	0.00%
Long-term debt, gross	$ 0		0
Term Loan A
Debt Instrument [Line Items]
Interest rate	1.38%
Long-term debt, gross	$ 1,000,000		625,000
Term Loan B
Debt Instrument [Line Items]
Interest rate	0.00%
Long-term debt, gross	$ 0		300,000
5.375% Senior Notes
Debt Instrument [Line Items]
Interest rate	0.00%
Long-term debt, gross	$ 0		700,000
4.875% Senior Notes
Debt Instrument [Line Items]
Interest rate	4.88%
Long-term debt, gross	$ 900,000		900,000
4.625% Senior Notes
Debt Instrument [Line Items]
Interest rate	4.63%			4.625%
Long-term debt, gross	$ 900,000		900,000
3.5% Senior Notes
Debt Instrument [Line Items]
Interest rate	3.50%	3.50%
Long-term debt, gross	$ 568,634		610,724
Accounts Receivable Securitization Facility
Debt Instrument [Line Items]
Interest rate	0.00%
Long-term debt, gross	$ 0		$ 0

Debt - Description of Debt Terms (Detail) € in Thousands, $ in Thousands		12 Months Ended
	Nov. 19, 2021 USD ($)	Jan. 01, 2022 USD ($)	Jan. 02, 2021 USD ($)	Dec. 28, 2019 USD ($)	Dec. 31, 2016 USD ($)	Dec. 31, 2016 EUR (€)	Jan. 01, 2022 EUR (€)	Jan. 02, 2021 EUR (€)
Debt Instrument [Line Items]
Repayments on Term Loan Facilities		$ 925,000	$ 0	$ 413,498
Loss on extinguishment of debt		43,739	0	0
Long-term debt, gross		3,368,634	4,035,724
Borrowings on Senior Notes		0	700,000	0
Borrowings on Term Loan Facilities		$ 1,000,000	0	$ 0
Senior Secured Credit Facility
Debt Instrument [Line Items]
Senior Secured Credit Facility Commitment	$ 2,000,000
Applicable commitment fee margin		0.20%
Senior Secured Credit Facility \| Minimum
Debt Instrument [Line Items]
Leverage Ratio for Interest Rate and Commitment Fee	2.25
Applicable commitment fee margin	0.15%
Senior Secured Credit Facility \| Maximum
Debt Instrument [Line Items]
Leverage Ratio for Interest Rate and Commitment Fee	4.50
Leverage Ratio for Additional Borrowings	3.50
Applicable commitment fee margin	0.25%
Senior Secured Credit Facility \| LIBOR Based Loan
Debt Instrument [Line Items]
Variable rate on base rate		1.25%
Senior Secured Credit Facility \| LIBOR Based Loan \| Minimum
Debt Instrument [Line Items]
Variable rate on base rate	1.00%
Senior Secured Credit Facility \| LIBOR Based Loan \| Maximum
Debt Instrument [Line Items]
Variable rate on base rate	1.75%
Senior Secured Credit Facility \| Base Rate Loan
Debt Instrument [Line Items]
Variable rate on base rate		0.25%
Senior Secured Credit Facility \| Base Rate Loan \| Minimum
Debt Instrument [Line Items]
Variable rate on base rate	0.00%
Senior Secured Credit Facility \| Base Rate Loan \| Maximum
Debt Instrument [Line Items]
Variable rate on base rate	0.75%
Revolving Loan Facility
Debt Instrument [Line Items]
Maximum Borrowing Capacity	$ 1,000,000	$ 1,000,000
Remaining borrowing capacity		995,824
Standby and trade letters of credit issued		4,176
Long-term debt, gross		0	0
Term Loan A
Debt Instrument [Line Items]
Increase in Term Loan Borrowing Capacity	$ 390,625
Quarterly repayment percentage, years one and two	2.50%
Quarterly repayment percentage, years three and four	5.00%
Quarterly repayment percentage, year five	7.50%
Long-term debt, gross		1,000,000	625,000
Borrowings on Term Loan Facilities	$ 1,000,000	1,000,000
Term Loan B
Debt Instrument [Line Items]
Long-term debt, gross		0	300,000
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
5.375% Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross		0	700,000
4.875% Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross		900,000	900,000
4.625% Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross		900,000	900,000
2016 New Senior Notes, Combined
Debt Instrument [Line Items]
Borrowings on Senior Notes					$ 1,773,000
Debt Instrument, Redemption Price, Percentage					100.00%	100.00%
3.5% Senior Notes, Euro Value
Debt Instrument [Line Items]
Long-term debt, gross \| €							€ 500,000	€ 500,000
Borrowings on Senior Notes \| €						€ 492,500
3.5% Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross		568,634	610,724
Debt Instrument, Redemption Price, Percentage					100.00%	100.00%
Accounts Receivable Securitization Facility
Debt Instrument [Line Items]
Maximum Borrowing Capacity		175,000	225,000
Remaining borrowing capacity		175,000
Current Borrowing Capacity		175,000
Long-term debt, gross		0	$ 0
Redemption of 5.375% Senior Notes and Refinancing of Senior Secured Credit Facility
Debt Instrument [Line Items]
Refinancing fees incurred		9,729
Capitalized debt issuance cost		7,769
Redemption of 5.375% Senior Notes and Refinancing of Senior Secured Credit Facility \| Other expenses
Debt Instrument [Line Items]
Make-whole premium		34,840
Write-off of unamortized debt issuance costs		8,899
Debt issuance costs expensed		1,960
Loss on extinguishment of debt		$ 45,699

Debt - Future Principal Payments (Details) $ in Thousands	Jan. 01, 2022 USD ($)
Maturities of Long-term Debt [Abstract]
Future principal payment, 2022	$ 25,000
Future principal payment, 2023	37,500
Future principal payment, 2024	1,518,634
Future principal payment, 2025	62,500
Future principal payment, 2026	$ 1,725,000

Debt - Additional Disclosures (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
Debt Instrument [Line Items]
Payments of capitalized debt issuance costs within Continuing Operations	$ 8,346	$ 15,010	$ 840
Amortization of debt issuance costs in Continuing Operations	12,305	11,349	10,577
Amortization of debt issuance costs	12,305	11,565	10,731
Long-term debt issuance cost in other noncurrent assets	6,805
Long-term debt issuance costs in long-term debt	$ 17,543	32,354
Minimum
Debt Instrument [Line Items]
Debt issuance costs amortization period, in years	1 year
Maximum
Debt Instrument [Line Items]
Debt issuance costs amortization period, in years	10 years
Debt Payable to Banks
Debt Instrument [Line Items]
Cash paid for interest related to debt	$ 161,202	$ 157,094	$ 171,458

Defined Benefit Pension Plans - Components of Net Periodic Benefit Cost and Other Amounts Recognized in Other Comprehensive Income (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
Disclosure Defined Benefit Pension Plans Components Of Net Periodic Benefit Cost And Other Amounts Recognized In Other Comprehensive Loss [Abstract]
Service cost	$ 1,488	$ 1,406	$ 1,555
Interest cost	23,812	33,552	43,153
Expected return on assets	(45,923)	(42,278)	(44,639)
Settlement cost	861	121	9
Amortization of:
Prior service cost	(6)	(6)	(6)
Net actuarial loss	24,440	22,277	20,014
Net periodic benefit cost	4,672	15,072	20,086
Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income (Loss)
Net (gain) loss	(96,334)	38,484	33,436
Prior service credit	6	6	6
Total (gain) loss recognized in other comprehensive income (loss)	(96,328)	38,490	33,442
Total recognized in net periodic benefit cost and other comprehensive income (loss)	$ (91,656)	$ 53,562	$ 53,528

Defined Benefit Pension Plans - Funded Status of Company's Defined Benefit Pension Plans (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
Benefit obligation:
Beginning of year	$ 1,299,943	$ 1,218,127
Service cost	1,488	1,406	$ 1,555
Interest cost	23,812	33,552	43,153
Benefits paid	(62,525)	(58,482)
Settlements	(2,072)	(1,445)
Impact of exchange rate change	(1,128)	1,926
Actuarial (gain) loss	(43,325)	104,870
Other	(32)	(11)
End of year	1,216,161	1,299,943	1,218,127
Fair value of plan assets:
Beginning of year	920,316	864,172
Actual return on plan assets	73,567	86,569
Employer contributions	44,658	28,194
Benefits paid	(62,525)	(58,482)
Settlements	(2,072)	(1,445)
Impact of exchange rate change	(314)	1,319
Other	(32)	(11)
End of year	973,598	920,316	$ 864,172
Funded status	$ (242,563)	$ (379,627)

Defined Benefit Pension Plans - Accumulated Benefit Obligation and Fair Value of Plan Assets with Accumulated Benefit Obligations in Excess of Plan Assets (Detail) - USD ($) $ in Thousands	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
Disclosure Defined Benefit Pension Plans Accumulated Benefit Obligation And Fair Value Of Plan Assets With Accumulated Benefit Obligations In Excess Of Plan Assets [Abstract]
Benefit obligation	$ 1,216,161	$ 1,299,943	$ 1,218,127
Plans with benefit obligation in excess of plan assets:
Benefit obligation	1,188,558	1,268,350
Fair value of plan assets	$ 942,733	$ 888,739

Defined Benefit Pension Plans - Amounts Recognized in Company's Consolidated Balance Sheets (Detail) - USD ($) $ in Thousands	Jan. 01, 2022	Jan. 02, 2021
Disclosure Defined Benefit Pension Plans Amounts Recognized In Companys Consolidated Balance Sheets [Abstract]
Other noncurrent assets	$ 3,262	$ 116
Accrued liabilities and other: Payroll and employee benefits	(2,225)	(3,837)
Pension and postretirement benefits	(243,600)	(375,906)
Accumulated other comprehensive loss	$ (570,523)	$ (666,851)

- Definition

Amount of asset, recognized in statement of financial position, for overfunded defined benefit pension and other postretirement plans.

+ References + Details

Defined Benefit Pension Plans - Amounts Recognized in Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Thousands	Jan. 01, 2022	Jan. 02, 2021
Disclosure Defined Benefit Pension Plans Amounts Recognized In Accumulated Other Comprehensive Loss [Abstract]
Prior service cost	$ (139)	$ (145)
Actuarial loss	570,662	666,996
Accumulated other comprehensive loss	$ 570,523	$ 666,851

Defined Benefit Pension Plans - Weighted Average Actuarial Assumptions Used in Measuring Net Periodic Benefit Cost and Plan Obligation (Detail)	12 Months Ended
	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
Net periodic benefit cost:
Discount rate	2.55%	3.25%	4.37%
Long-term rate of return on plan assets	4.95%	4.97%	5.79%
Rate of compensation increase	3.10%	3.07%	4.90%
Interest crediting rate	5.50%	5.50%	5.50%
Plan obligations:
Discount rate	2.88%	2.55%	3.25%
Rate of compensation increase	3.09%	3.10%	3.07%
Interest crediting rate	5.50%	5.50%	5.50%

Defined Benefit Pension Plans - Allocation of Pension Plan Assets (Detail)	Jan. 01, 2022	Jan. 02, 2021
Hedge Fund of Funds
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
Pension plan assets allocation percentage	37.00%	41.00%
Foreign Equity Securities
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
Pension plan assets allocation percentage	22.00%	16.00%
U.S. Equity Securities
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
Pension plan assets allocation percentage	21.00%	18.00%
Debt Securities
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
Pension plan assets allocation percentage	11.00%	17.00%
Real Estate
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
Pension plan assets allocation percentage	6.00%	5.00%
Commodities
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
Pension plan assets allocation percentage	3.00%	2.00%
Cash and other
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
Pension plan assets allocation percentage	0.00%	1.00%

Defined Benefit Pension Plans - Additional Information (Detail) - USD ($) $ in Thousands		12 Months Ended
	Jan. 04, 2021	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
Disclosure Defined Benefit Pension Plans Additional Information [Abstract]
Target return period		5 years
Expected benefit payments, 2022		$ 65,050
Expected benefit payments, 2023		65,491
Expected benefit payments, 2024		66,161
Expected benefit payments, 2025		67,077
Expected benefit payments, 2026		68,768
Expected benefit payments, 2027 through 2031		348,478
Contribution to U.S. Pension Plan	$ 40,000
Required cash contributions to the Company's U.S. pension plan, 2022		0
Nonretirement postemployment benefit plans liability		1,171	$ 1,302
Nonretirement postemployment benefit plans expense		$ 8	$ 16	$ 21

Income Taxes - Provision for Income Tax Computed by Applying U.S. Statutory Rate to Income Before Taxes as Reconciled to Actual Provisions (Detail)	12 Months Ended
	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
Disclosure Income Taxes Provision For Income Tax Computed By Applying U S Statutory Rate To Income Before Taxes As Reconciled To Actual Provisions [Abstract]
Domestic	(3.30%)	445.10%	(6.90%)
Foreign	103.30%	(345.10%)	106.90%
Total	100.00%	100.00%	100.00%
Tax expense at U.S. statutory rate	21.00%	21.00%	21.00%
State income tax	(0.70%)	17.00%	1.10%
Tax on actual and planned remittances of foreign earnings	1.50%	5.40%	(0.40%)
Tax on foreign earnings due to U.S. tax reform including measurement period adjustments	(0.30%)	26.90%	0.00%
Tax on foreign earnings (U.S. tax reform - GILTI and FDII)	1.70%	(2.30%)	2.50%
Foreign taxes less than U.S. statutory rate	(12.30%)	39.00%	(13.30%)
Statutory stock deduction and Luxembourg Adjustments	0.00%	(34.50%)	2.30%
Employee benefits	0.30%	(2.20%)	(0.20%)
Other changes in valuation allowance	1.90%	(14.20%)	1.80%
Tax benefits related to tax basis adjustments in acquired intangibles	0.00%	0.00%	(1.80%)
Release of unrecognized tax benefit reserves	(0.90%)	13.20%	(0.60%)
State tax rate change	1.00%	0.30%	0.30%
Tax provision adjustments and revisions to prior years' returns	(1.60%)	(1.00%)	(2.40%)
Nondeductible expenses and tax exempt income, net	(0.40%)	10.20%	0.00%
Nondeductible impairment charges	0.00%	(3.70%)	0.00%
Domestic income tax credits	(0.40%)	2.30%	0.00%
Other, net	(0.50%)	(0.10%)	0.60%
Taxes at effective worldwide tax rates	10.30%	77.30%	10.90%

Income taxes - Current and Deferred Tax Provisions (Benefits) (Detail) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Jan. 01, 2022	Jan. 02, 2021	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
Disclosure Income Taxes Current And Deferred Tax Provisions Benefits [Abstract]
Current, domestic			$ (15,176)	$ (7,770)	$ (22,796)
Current, foreign			66,844	46,701	66,735
Current, state			(2,948)	6,256	(9,300)
Current, Total			48,720	45,187	34,639
Deferred, domestic			6,934	(136,221)	15,213
Deferred, foreign			1,421	34,066	(3,670)
Deferred, state			3,032	(52,972)	24,054
Deferred, Total			11,387	(155,127)	35,597
Total, domestic			(8,242)	(143,991)	(7,583)
Total, foreign			68,265	80,767	63,065
Total, state			84	(46,716)	14,754
Total, Current and Deferred tax provisions (benefits)	$ 4,946	$ (152,948)	$ 60,107	$ (109,940)	$ 70,236

Income Taxes - Cash Tax Payments Made by Company Primarily in Foreign Jurisdictions (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
Disclosure Income Taxes Cash Tax Payments Made By Company Primarily In Foreign Jurisdictions [Abstract]
Cash payments for income taxes	$ 95,011	$ 107,577	$ 111,451

Income Taxes - Deferred Tax Assets and Liabilities (Detail) - USD ($) $ in Thousands	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019	Dec. 29, 2018
Deferred tax assets:
Nondeductible reserves	$ 0	$ 272
Inventories	64,425	238,471
Bad debt allowance	15,605	12,075
Accrued expenses	20,863	13,689
Employee benefits	104,845	118,206
Tax credits	4,804	4,170
Net operating loss and other tax carryforwards	410,921	187,889
Leasing	112,423	143,874
Property and equipment	4,707	8,781
Derivatives	0	16,062
Section 163(j)	46,729	3,519
Capitalized research costs	5,873	6,831
Other	0	4,842
Gross deferred tax assets	791,195	758,681
Less valuation allowances	(306,221)	(204,854)	$ (188,554)	$ (182,926)
Deferred tax assets	484,974	553,827
Deferred tax liabilities:
Derivatives	10,303	0
Section 481(a) liability	23,881	49,551
Leasing	99,470	128,547
Accrued tax on unremitted foreign earnings	38,812	33,423
Intangibles	43,917	22,026
Other	392	0
Prepaids	434	4,553
Deferred tax liabilities	217,209	238,100
Net deferred tax assets	$ 267,765	$ 315,727

Income Taxes - Summary of changes in Valuation Allowance (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019	Dec. 29, 2018
Valuation Allowance [Line Items]
Valuation allowance for deferred tax assets	$ 306,221	$ 204,854	$ 188,554	$ 182,926
Net change in the total valuation allowance, including foreign currency fluctuations	101,367
Charged to income tax expense
Valuation Allowance [Line Items]
Net change in the total valuation allowance, including foreign currency fluctuations	4,343	14,959	19,006
Charged to other accounts
Valuation Allowance [Line Items]
Net change in the total valuation allowance, including foreign currency fluctuations	$ 97,024	$ 1,341	$ (13,378)

Income Taxes - Foreign Net Operating Loss Carryforwards (Detail) - Foreign Tax Authority $ in Thousands	Jan. 01, 2022 USD ($)
Operating Loss Carryforwards [Line Items]
2022	$ 4,864
2023	5,570
2024	2,254
2025	3,447
2026	2,536
Thereafter	$ 1,108,263

Income Taxes - Reconciliation of Beginning and Ending Amount of Unrecognized Tax Benefits (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019	Dec. 29, 2018
Disclosure Income Taxes Reconciliation Of Beginning And Ending Amount Of Unrecognized Tax Benefits [Abstract]
Unrecognized Tax Benefits, Gross	$ 40,706	$ 46,645	$ 78,789	$ 106,517
Beginning Balance	45,686	74,385	103,665
Additions based on tax positions related to the current year	3,231	3,675	2,478
Additions based on tax positions of prior years	3,401	2,666	19,585
Settlements	0	0	(2,730)
Lapse of statute of limitations	(147)	(16,655)	(4,016)
Reductions for tax positions of prior years	(12,599)	(18,385)	(44,597)
Ending Balance	$ 39,572	$ 45,686	$ 74,385

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Jan. 01, 2022	Jan. 02, 2021	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019	Dec. 29, 2018
Additional Income Tax Information [Line Items]
Income (loss) from continuing operations before income tax expense	$ 72,900	$ (445,146)	$ 581,075	$ (142,227)	$ 643,560
Income tax expense (benefit)	(4,946)	152,948	(60,107)	109,940	(70,236)
Income tax expense (benefit) from lower rates in foreign jurisdictions					(344)
Valuation allowance for deferred tax assets	306,221	204,854	306,221	204,854	188,554	$ 182,926
Net increase (decrease) in the total valuation allowance, including foreign currency fluctuations			101,367
Unremitted foreign earnings not permanently reinvested	579,152		579,152
Accrued income taxes with respect to foreign earnings the Company intends to remit in the future	39,789		39,789
Recognized reduction related to realization of unrecognized tax benefit resulting from prior year tax positions			12,599	18,385	44,597
Recognized benefit related to realization of unrecognized tax benefit resulting from expiration of statutes of limitations			147	16,655	4,016
Reduction in amount of unrecognized tax benefits that is reasonably possible due to expirations in statutes of limitations	6,509		$ 6,509
Period of unrecognized tax benefits reduction that is reasonably possible due to expirations in statutes of limitations			12 months
Unrecognized tax benefits, which would, if recognized, affect the annual effective tax rate	39,572		$ 39,572
Interest and penalties classified as income tax expense (benefit) in the Consolidated Statement of Income			933	(5,206)	(1,792)
Interest and penalties accrued related to unrecognized tax benefits	5,865	$ 4,929	5,865	4,929
Charged to other accounts
Additional Income Tax Information [Line Items]
Net increase (decrease) in the total valuation allowance, including foreign currency fluctuations			97,024	1,341	$ (13,378)
Foreign Tax Authority
Additional Income Tax Information [Line Items]
Net operating loss carryforwards, approximately, for foreign jurisdictions	1,126,934		1,126,934
Foreign Tax Authority \| Operating loss carryforward
Additional Income Tax Information [Line Items]
Valuation allowance for deferred tax assets	282,581		282,581
Net increase (decrease) in the total valuation allowance, including foreign currency fluctuations			137,465
Foreign Tax Authority \| Other foreign deferred tax assets
Additional Income Tax Information [Line Items]
Valuation allowance for deferred tax assets	12,055		12,055
Net increase (decrease) in the total valuation allowance, including foreign currency fluctuations			(35,315)
Federal
Additional Income Tax Information [Line Items]
Tax credit carryforwards	4,804		4,804
Federal interest carryforwards	187,961		187,961
Net operating loss carryforwards	275,277		275,277
State
Additional Income Tax Information [Line Items]
State interest carryforwards	111,901		111,901
Net operating loss carryforwards	1,043,166		1,043,166
Federal and State \| Operating loss carryforward
Additional Income Tax Information [Line Items]
Valuation allowance for deferred tax assets	$ 11,584		11,584
Net increase (decrease) in the total valuation allowance, including foreign currency fluctuations			(783)
One-time provisional transition \| Tax Cuts and Jobs Act
Additional Income Tax Information [Line Items]
Income tax expense (benefit)			$ (4,668)	$ (38,315)

Commitments and Contingencies - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
Disclosure Commitments And Contingencies Additional Information [Abstract]
Purchase commitments due in 2022	$ 530,642
Purchase commitments due in 2023	3,440
Purchase commitments due in 2024	3,785
Royalty expense	100,281	$ 72,775	$ 105,068
Minimum amounts due under license agreements, 2022	79,781
Minimum amounts due under license agreements, 2023	55,051
Minimum amounts due under license agreements, 2024	47,780
Minimum amounts due under license agreements, 2025	23,010
Minimum amounts due under license agreements, 2026	17,988
Minimum amounts under license agreements due thereafter	$ 46,605

Stockholders' Equity - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands						12 Months Ended
	Feb. 02, 2022	Nov. 30, 2021	Aug. 31, 2021	Jun. 01, 2021	Mar. 09, 2021	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019	Feb. 06, 2020
Class of Stock [Line Items]
Common stock, shares authorized						2,000,000,000	2,000,000,000
Common stock, par value (in dollars per share)						$ 0.01	$ 0.01
Common stock, shares issued						349,903,253	348,802,220
Common stock, shares outstanding						349,903,253	348,802,220
Preferred stock, shares authorized						50,000,000	50,000,000
Preferred stock, par value (in dollars per share)						$ 0.01	$ 0.01
Preferred stock, shares issued						0	0
Preferred stock, shares outstanding						0	0
Common stock repurchased, Cost							$ 200,269
Quarterly dividends declared, common stock, per share						$ 0.15	$ 0.15	$ 0.15
Quarterly dividends paid, common stock, per share		$ 0.15	$ 0.15	$ 0.15	$ 0.15		$ 0.15	$ 0.15
2020 Share Repurchase Plan
Class of Stock [Line Items]
Repurchase of common stock, Authority granted									40,000,000
Common Stock, Repurchased							14,464,000
Shares Acquired Weighted Average Cost Per Share							$ 13.83
Common stock repurchased, Cost							$ 200,269
Subsequent Event
Class of Stock [Line Items]
Quarterly dividends declared, common stock, per share	$ 0.15
Subsequent Event \| 2022 Share Repurchase Plan
Class of Stock [Line Items]
Share Repurchase Program, Authorized Amount	$ 600,000

Accumulated Other Comprehensive Loss - Rollforward (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance, net of tax	$ (566,959)
Total other comprehensive income (loss), net of tax	15,356	$ 50,689	$ (42,965)
Ending Balance, net of tax	(551,603)	(566,959)
Cumulative Translation Adjustment
Accumulated Other Comprehensive Income (Loss), Before Tax [Roll Forward]
Beginning Balance, before tax	(52,820)	(157,138)
Amounts reclassified from accumulated other comprehensive loss, before tax	0	0
Current-period other comprehensive income (loss) activity, before tax	(81,181)	104,318
Total other comprehensive income (loss), before tax	(81,181)	104,318
Ending Balance, before tax	(134,001)	(52,820)	(157,138)
Cash Flow Hedges
Accumulated Other Comprehensive Income (Loss), Before Tax [Roll Forward]
Beginning Balance, before tax	(26,538)	4,786
Amounts reclassified from accumulated other comprehensive loss, before tax	34,554	(15,681)
Current-period other comprehensive income (loss) activity, before tax	(2,772)	(15,643)
Total other comprehensive income (loss), before tax	31,782	(31,324)
Ending Balance, before tax	5,244	(26,538)	4,786
Defined Benefit Plans
Accumulated Other Comprehensive Income (Loss), Before Tax [Roll Forward]
Beginning Balance, before tax	(668,730)	(629,360)
Amounts reclassified from accumulated other comprehensive loss, before tax	25,011	23,009
Current-period other comprehensive income (loss) activity, before tax	74,558	(62,379)
Total other comprehensive income (loss), before tax	99,569	(39,370)
Ending Balance, before tax	(569,161)	(668,730)	(629,360)
Income Taxes
Accumulated Other Comprehensive Income (Loss), Tax [Roll Forward]
Beginning Balance, tax	181,129	164,064
Amounts reclassified from accumulated other comprehensive loss, tax	(15,179)	(1,654)
Current-period other comprehensive income (loss) activity, tax	(19,635)	18,719
Total other comprehensive income (loss), tax	(34,814)	17,065
Ending Balance, tax	146,315	181,129	164,064
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance, net of tax	(566,959)	(617,648)
Amounts reclassified from accumulated other comprehensive loss, net of tax	44,386	5,674
Current-period other comprehensive income (loss) activity, net of tax	(29,030)	45,015
Total other comprehensive income (loss), net of tax	15,356	50,689	(42,965)
Ending Balance, net of tax	$ (551,603)	$ (566,959)	$ (617,648)

Accumulated Other Comprehensive Loss - Reclassifications (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Jan. 01, 2022	Jan. 02, 2021	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Cost of sales	$ 1,084,621	$ 1,589,946	$ 4,149,541	$ 4,524,461	$ 3,997,014
Selling, general and administrative expenses	512,162	495,706	1,853,971	1,560,034	1,578,017
Interest expense, net	35,307	43,636	163,067	164,238	176,924
Other expenses	47,359	5,003	53,586	20,655	30,201
Income tax expense (benefit)	(4,946)	152,948	(60,107)	109,940	(70,236)
Income (loss) from discontinued operations, net of tax	(7,921)	(39,966)	(443,744)	(43,292)	27,396
Net income (loss)	$ 60,033	$ (332,164)	77,224	(75,579)	600,720
Reclassification out of Accumulated Other Comprehensive Income
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Net income (loss)			(44,386)	(5,674)	6,798
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			(25,671)	(22,261)	(20,007)
Income tax expense (benefit)			6,461	5,753	5,260
Income (loss) from discontinued operations, net of tax			560	(698)	(110)
Net income (loss)			(18,650)	(17,206)	(14,857)
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			(15,301)	10,069	18,906
Income tax expense (benefit)			4,105	(2,851)	(4,855)
Income (loss) from discontinued operations, net of tax			(2,890)	4,314	7,604
Net income (loss)			(14,086)	11,532	21,655
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			(12,155)	0	0
Interest expense, net			(3,556)	0	0
Income tax expense (benefit)			4,061	0	0
Net income (loss)			$ (11,650)	$ 0	$ 0

Financial Instruments and Risk Management - Notional Amounts of Derivative Instruments (Details) € in Thousands, $ in Thousands	Jan. 01, 2022 USD ($)	Jan. 01, 2022 EUR (€)	Apr. 01, 2021 EUR (€)	Jan. 02, 2021 USD ($)	Jan. 02, 2021 EUR (€)	Jul. 10, 2019 EUR (€)
Forward foreign exchange contract \| Cash Flow and Mark to Market Hedges
Derivative [Line Items]
Derivative, Notional Amount	$ 308,071			$ 617,912
Cross-currency swap contract \| Cash Flow Hedge
Derivative [Line Items]
Derivative, Notional Amount	352,920	€ 300,000	€ 300,000	0
Cross-currency swap contract \| Net Investment Hedging
Derivative [Line Items]
Derivative, Notional Amount	$ 335,940	€ 300,000		$ 335,940	€ 300,000	€ 300,000

Financial Instruments and Risk Management - Fair Values of Derivative Instruments (Details) - USD ($) $ in Thousands	Jan. 01, 2022	Jan. 02, 2021
Derivatives, Fair Value [Line Items]
Net fair value of derivative assets and liabilities	$ (930)	$ (51,428)
Assets, Total
Derivatives, Fair Value [Line Items]
Total derivative assets	11,373	3,616
Liabilities, Total
Derivatives, Fair Value [Line Items]
Total derivative liabilities	(12,303)	(55,044)
Forward foreign exchange contract \| Other Current Assets \| Derivatives designated as hedging instruments
Derivatives, Fair Value [Line Items]
Total derivative assets	2,898	1
Forward foreign exchange contract \| Other Current Assets \| Derivatives not designated as hedging instruments
Derivatives, Fair Value [Line Items]
Total derivative assets	5,439	2,459
Forward foreign exchange contract \| Current assets held for sale \| Derivatives designated as hedging instruments
Derivatives, Fair Value [Line Items]
Total derivative assets	0	40
Forward foreign exchange contract \| Current assets held for sale \| Derivatives not designated as hedging instruments
Derivatives, Fair Value [Line Items]
Total derivative assets	0	198
Forward foreign exchange contract \| Other noncurrent assets \| Derivatives designated as hedging instruments
Derivatives, Fair Value [Line Items]
Total derivative assets	83	0
Forward foreign exchange contract \| Accrued liabilities \| Derivatives designated as hedging instruments
Derivatives, Fair Value [Line Items]
Total derivative liabilities	(349)	(12,898)
Forward foreign exchange contract \| Accrued liabilities \| Derivatives not designated as hedging instruments
Derivatives, Fair Value [Line Items]
Total derivative liabilities	(331)	(16,488)
Forward foreign exchange contract \| Current liabilities held for sale \| Derivatives designated as hedging instruments
Derivatives, Fair Value [Line Items]
Total derivative liabilities	0	(4,747)
Forward foreign exchange contract \| Current liabilities held for sale \| Derivatives not designated as hedging instruments
Derivatives, Fair Value [Line Items]
Total derivative liabilities	0	(2,195)
Forward foreign exchange contract \| Other noncurrent liabilities \| Derivatives designated as hedging instruments
Derivatives, Fair Value [Line Items]
Total derivative liabilities	(14)	(2,190)
Cross-currency swap contract \| Other Current Assets \| Derivatives designated as hedging instruments
Derivatives, Fair Value [Line Items]
Total derivative assets	974	918
Cross-currency swap contract \| Other noncurrent assets \| Derivatives designated as hedging instruments
Derivatives, Fair Value [Line Items]
Total derivative assets	1,979	0
Cross-currency swap contract \| Accrued liabilities \| Derivatives designated as hedging instruments
Derivatives, Fair Value [Line Items]
Total derivative liabilities	(222)	0
Cross-currency swap contract \| Other noncurrent liabilities \| Derivatives designated as hedging instruments
Derivatives, Fair Value [Line Items]
Total derivative liabilities	$ (11,387)	$ (16,526)

Financial Instruments and Risk Management - Effect of Cash Flow Hedge Derivative Instruments (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Jan. 01, 2022	Jan. 02, 2021	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
Derivatives, Fair Value [Line Items]
Amount of Gain (Loss) Reclassified from AOCI into Income on Cash Flow Hedges			$ (34,554)	$ 15,681	$ 28,931
Cost of sales	$ 1,084,621	$ 1,589,946	4,149,541	4,524,461	3,997,014
Selling, general and administrative expenses	512,162	495,706	1,853,971	1,560,034	1,578,017
Interest expense, net	35,307	43,636	163,067	164,238	176,924
Income (loss) from discontinued operations, net of tax	$ (7,921)	$ (39,966)	(443,744)	(43,292)	27,396
Accumulated Other Comprehensive Loss
Derivatives, Fair Value [Line Items]
Amount of Gain (Loss) Recognized in AOCI on Cash Flow Hedges			(2,772)	(15,643)	11,903
Forward foreign exchange contract \| Accumulated Other Comprehensive Loss
Derivatives, Fair Value [Line Items]
Amount of Gain (Loss) Recognized in AOCI on Cash Flow Hedges			12,170	(15,643)	11,903
Forward foreign exchange contract \| Cost of sales
Derivatives, Fair Value [Line Items]
Amount of Gain (Loss) Reclassified from AOCI into Income on Cash Flow Hedges			(15,301)	10,069	18,906
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 on Cash Flow Hedges			(3,542)	5,612	10,025
Cross-currency swap contract \| Accumulated Other Comprehensive Loss
Derivatives, Fair Value [Line Items]
Amount of Gain (Loss) Recognized in AOCI on Cash Flow Hedges			(14,942)	0	0
Cross-currency swap contract \| Selling, general and administrative expenses
Derivatives, Fair Value [Line Items]
Amount of Gain (Loss) Reclassified from AOCI into Income on Cash Flow Hedges			(12,155)	0	0
Cross-currency swap contract \| Interest expense, net
Derivatives, Fair Value [Line Items]
Amount of Gain (Loss) Reclassified from AOCI into Income on Cash Flow Hedges			$ (3,556)	$ 0	$ 0

Financial Instruments and Risk Management - Effect of Net Investment Hedge Instruments (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Jan. 01, 2022	Jan. 02, 2021	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Interest expense, net	$ 35,307	$ 43,636	$ 163,067	$ 164,238	$ 176,924
Cross-currency swap contract \| Interest expense, net
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of Gain (Loss) Recognized in Income on Net Investment Hedges			7,389	7,637	3,613
Accumulated Other Comprehensive Loss
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of Gain (Loss) Recognized in AOCI on Net Investment Hedges			38,598	(51,013)	2,178
Accumulated Other Comprehensive Loss \| Euro-denominated Long-term Debt
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of Gain (Loss) Recognized in AOCI on Net Investment Hedges			24,928	(36,609)	(23)
Accumulated Other Comprehensive Loss \| Cross-currency swap contract
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of Gain (Loss) Recognized in AOCI on Net Investment Hedges			$ 13,670	$ (14,404)	$ 2,201

Financial Instruments and Risk Management - Effect of Mark to Market Hedge Derivative Instruments (Details) - Forward foreign exchange contract - USD ($) $ in Thousands	12 Months Ended
	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Income on Mark to Market Hedges	$ 31,577	$ (21,899)	$ (32,882)
Cost of sales
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Income on Mark to Market Hedges	24,087	(16,163)	(18,530)
Selling, general and administrative expenses
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Income on Mark to Market Hedges	2,784	(2,029)	(1,022)
Income (loss) from discontinued operations, net of tax
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Income on Mark to Market Hedges	$ 4,706	$ (3,707)	$ (13,330)

Financial Instruments and Risk Management - Additional Information (Details) € in Thousands, $ in Thousands			12 Months Ended
	Apr. 01, 2021 EUR (€) numberOfCrossCurrencySwaps	Jul. 10, 2019 EUR (€) numberOfCrossCurrencySwaps	Jan. 01, 2022 USD ($)	Jan. 01, 2022 EUR (€)	Jan. 02, 2021 EUR (€)	Jan. 01, 2022 EUR (€)	Jan. 02, 2021 USD ($)	Jan. 02, 2021 EUR (€)
Derivative [Line Items]
Net gain (loss) expected to be reclassified into earnings during the next twelve months			$ (611)
Long-term debt, gross			3,368,634				$ 4,035,724
3.5% Senior Notes
Derivative [Line Items]
Long-term debt, gross			568,634				610,724
Euro-denominated long-term debt designated as a partial European net investment hedge			$ 227,454				610,724
Interest rate on senior notes issued	3.50%		3.50%			3.50%
3.5% Senior Notes, Euro Value
Derivative [Line Items]
Long-term debt, gross \| €						€ 500,000		€ 500,000
4.625% Senior Notes
Derivative [Line Items]
Long-term debt, gross			$ 900,000				900,000
Interest rate on senior notes issued		4.625%	4.63%			4.63%
Euro-denominated Long-term Debt \| Net Investment Hedging
Derivative [Line Items]
Notional amount of nonderivative instruments designated in a net investment hedge \| €	€ 200,000	€ 500,000		€ 200,000	€ 500,000
Forward foreign exchange contract
Derivative [Line Items]
Maximum Length of Time Hedged in Cash Flow Hedge			16 months	16 months
Cross-currency swap contract
Derivative [Line Items]
Maximum Length of Time Hedged in Cash Flow Hedge			30 months	30 months
Cross-currency swap contract \| Cash Flow Hedge
Derivative [Line Items]
Number of cross currency swaps \| numberOfCrossCurrencySwaps	3
Notional amount of derivative instruments designated in a net investment hedge	€ 300,000		$ 352,920			€ 300,000	0
Cross-currency swap contract - fixed interest rate	4.7945%
Cross-currency swap contract \| Net Investment Hedging
Derivative [Line Items]
Number of cross currency swaps \| numberOfCrossCurrencySwaps		2
Notional amount of derivative instruments designated in a net investment hedge		€ 300,000	$ 335,940			€ 300,000	$ 335,940	€ 300,000
Cross-currency swap contract - fixed interest rate		2.3215%

Fair Value of Assets and Liabilities - Fair Value of Financial Assets and Liabilities Measured on Recurring Basis (Detail) - USD ($) $ in Thousands	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Defined benefit pension plan investment assets	$ 973,598	$ 920,316	$ 864,172
Net fair value of derivative assets and liabilities	(930)	(51,428)
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Defined benefit pension plan investment assets	273,932	243,250
Deferred compensation plan liability	(20,916)	(21,878)
Net effect of financial asset less financial liability	951,752	853,714
Fair Value, Measurements, Recurring \| U.S. Equity Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Defined benefit pension plan investment assets	201,111	164,802
Fair Value, Measurements, Recurring \| Foreign Equity Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Defined benefit pension plan investment assets	47,099	39,696
Fair Value, Measurements, Recurring \| Debt Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Defined benefit pension plan investment assets	24,125	24,862
Fair Value, Measurements, Recurring \| Cash and Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Defined benefit pension plan investment assets	1,597	13,890
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	(930)	(44,724)
Fair Value, Measurements, Recurring \| Quoted Prices In Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Defined benefit pension plan investment assets	273,932	243,250
Deferred compensation plan liability	0	0
Net effect of financial asset less financial liability	273,932	243,250
Fair Value, Measurements, Recurring \| Quoted Prices In Active Markets for Identical Assets (Level 1) \| U.S. Equity Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Defined benefit pension plan investment assets	201,111	164,802
Fair Value, Measurements, Recurring \| Quoted Prices In Active Markets for Identical Assets (Level 1) \| Foreign Equity Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Defined benefit pension plan investment assets	47,099	39,696
Fair Value, Measurements, Recurring \| Quoted Prices In Active Markets for Identical Assets (Level 1) \| Debt Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Defined benefit pension plan investment assets	24,125	24,862
Fair Value, Measurements, Recurring \| Quoted Prices In Active Markets for Identical Assets (Level 1) \| Cash and Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Defined benefit pension plan investment assets	1,597	13,890
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
Fair Value, Measurements, Recurring \| Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Defined benefit pension plan investment assets	0	0
Deferred compensation plan liability	(20,916)	(21,878)
Net effect of financial asset less financial liability	(21,846)	(66,602)
Fair Value, Measurements, Recurring \| Significant Other Observable Inputs (Level 2) \| U.S. Equity Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Defined benefit pension plan investment assets	0	0
Fair Value, Measurements, Recurring \| Significant Other Observable Inputs (Level 2) \| Foreign Equity Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Defined benefit pension plan investment assets	0	0
Fair Value, Measurements, Recurring \| Significant Other Observable Inputs (Level 2) \| Debt Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Defined benefit pension plan investment assets	0	0
Fair Value, Measurements, Recurring \| Significant Other Observable Inputs (Level 2) \| Cash and Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Defined benefit pension plan investment assets	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	(930)	(44,724)
Fair Value, Measurements, Recurring \| Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Defined benefit pension plan investment assets	0	0
Deferred compensation plan liability	0	0
Net effect of financial asset less financial liability	0	0
Fair Value, Measurements, Recurring \| Significant Unobservable Inputs (Level 3) \| U.S. Equity Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Defined benefit pension plan investment assets	0	0
Fair Value, Measurements, Recurring \| Significant Unobservable Inputs (Level 3) \| Foreign Equity Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Defined benefit pension plan investment assets	0	0
Fair Value, Measurements, Recurring \| Significant Unobservable Inputs (Level 3) \| Debt Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Defined benefit pension plan investment assets	0	0
Fair Value, Measurements, Recurring \| Significant Unobservable Inputs (Level 3) \| Cash and Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Defined benefit pension plan investment assets	0	0
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
Fair Value, Measurements, Recurring \| Fair Value Measured at Net Asset Value Per Share
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Defined benefit pension plan investment assets	699,666	677,066
Fair Value, Measurements, Recurring \| Fair Value Measured at Net Asset Value Per Share \| Hedge Fund of Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Defined benefit pension plan investment assets	356,289	375,027
Fair Value, Measurements, Recurring \| Fair Value Measured at Net Asset Value Per Share \| Foreign Equity Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Defined benefit pension plan investment assets	170,741	108,357
Fair Value, Measurements, Recurring \| Fair Value Measured at Net Asset Value Per Share \| Debt Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Defined benefit pension plan investment assets	87,284	127,370
Fair Value, Measurements, Recurring \| Fair Value Measured at Net Asset Value Per Share \| Real Estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Defined benefit pension plan investment assets	57,479	48,671
Fair Value, Measurements, Recurring \| Fair Value Measured at Net Asset Value Per Share \| Commodities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Defined benefit pension plan investment assets	27,873	17,641
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	8,420	2,460
Total derivative liabilities	(694)	(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	8,420	2,460
Total derivative liabilities	(694)	(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
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	2,953	918
Total derivative liabilities	(11,609)	(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	2,953	918
Total derivative liabilities	(11,609)	(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 of Assets and Liabilities (Additional Information) (Details) - USD ($) $ in Thousands	Jan. 01, 2022	Jan. 02, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying value of debt	$ 3,368,634	$ 4,035,724
Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of debt	$ 3,504,412	$ 4,230,985

Business Segment Information - Net Sales (Detail) $ in Thousands	3 Months Ended		12 Months Ended
	Jan. 01, 2022 USD ($)	Jan. 02, 2021 USD ($)	Jan. 01, 2022 USD ($) numberOfSegments	Jan. 02, 2021 USD ($)	Dec. 28, 2019 USD ($)
Schedule Of Sales Revenue By Business Segment [Line Items]
Number of Operating Segments \| numberOfSegments			3
Net sales	$ 1,752,349	$ 1,689,145	$ 6,801,240	$ 6,127,161	$ 6,425,716
Innerwear
Schedule Of Sales Revenue By Business Segment [Line Items]
Net sales			2,719,788	2,978,009	2,302,632
Activewear
Schedule Of Sales Revenue By Business Segment [Line Items]
Net sales			1,679,639	1,184,413	1,854,704
International
Schedule Of Sales Revenue By Business Segment [Line Items]
Net sales			2,066,249	1,711,432	1,930,828
Other
Schedule Of Sales Revenue By Business Segment [Line Items]
Net sales			$ 335,564	$ 253,307	$ 337,552

- Definition

+ References

+ Details

Business Segment Information - Segment Operating Profit (Detail) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Jan. 01, 2022	Jan. 02, 2021	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
Segment operating profit:
Total operating profit	$ 155,566	$ (396,507)	$ 797,728	$ 42,666	$ 850,685
Operating profit
General corporate expenses			(219,984)	(218,424)	(219,266)
Amortization of intangibles			(31,069)	(30,858)	(29,605)
Other expenses	(47,359)	(5,003)	(53,586)	(20,655)	(30,201)
Interest expense, net	(35,307)	(43,636)	(163,067)	(164,238)	(176,924)
Income (loss) from continuing operations before income tax expense	$ 72,900	$ (445,146)	581,075	(142,227)	643,560
Operating profit
Operating profit
Restructuring and other action-related charges			(131,710)	(734,196)	(62,515)
Innerwear
Segment operating profit:
Total operating profit			573,852	718,923	515,991
Activewear
Segment operating profit:
Total operating profit			236,400	67,643	281,319
International
Segment operating profit:
Total operating profit			339,317	249,718	331,322
Other
Segment operating profit:
Total operating profit			30,922	(10,140)	33,439
Total segment operating profit
Segment operating profit:
Total operating profit			$ 1,180,491	$ 1,026,144	$ 1,162,071

Business Segment Information - Restructuring and Other Action-Related Charges by Income Statement Line (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
Cost of sales
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	$ 10,098	$ 670,618	$ 57,448
Selling, general and administrative expenses
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	121,612	63,578	5,067
Total included in operating profit
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	131,710	734,196	62,515
Other expenses
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	45,699	0	0
Total included in income (loss) from continuing operations before income tax expense
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	177,409	734,196	62,515
Total included in income tax expense (benefit)
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	53,665	205,342	22,159
Total restructuring and other action-related charges
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	$ 123,744	$ 528,854	$ 40,356

Business Segment Information - Components of Restructuring and Other Action-Related Charges (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
COVID-19 related charges
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges		$ 49,460
Total included in operating profit
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	$ 131,710	734,196	$ 62,515
Total included in operating profit \| Supply chain actions
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	0	19,636	52,832
Total included in operating profit \| Program exit costs
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	0	9,854	4,616
Total included in operating profit \| Other restructuring costs
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	0	7,763	5,067
Total included in operating profit \| Write-off of acquisition tax asset
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	0	16,858	0
Total included in operating profit \| Full Potential plan
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	131,710
Total included in operating profit \| Full Potential plan \| Professional services
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	44,617	0	0
Total included in operating profit \| Full Potential plan \| Loss on classification of assets held for sale \| U.S. Sheer Hosiery
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	38,364	0	0
Total included in operating profit \| Full Potential plan \| Operating model
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	23,191	0	0
Total included in operating profit \| Full Potential plan \| Impairment of intangible assets
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	7,302	0	0
Total included in operating profit \| Full Potential plan \| Supply chain segmentation
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	5,419	0	0
Total included in operating profit \| Full Potential plan \| Technology
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	4,617	0	0
Total included in operating profit \| Full Potential plan \| Other
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	8,200	0	0
Total included in operating profit \| Full Potential plan \| Inventory SKU rationalization
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	0	192,704	0
Total included in operating profit \| Full Potential plan \| PPE inventory write-off
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	0	362,913	0
Total included in operating profit \| Full Potential plan \| PPE vendor commitments
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	0	26,400	0
Total included in operating profit \| COVID-19 related charges \| Supply chain re-startup charges
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	0	48,608	0
Total included in operating profit \| COVID-19 related charges \| Bad debt charges
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	0	9,418	0
Total included in operating profit \| COVID-19 related charges \| Inventory
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	0	14,869	0
Total included in operating profit \| COVID-19 related charges \| Goodwill
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	0	25,173	0
Early extinguishment and refinancing of debt included in other expenses
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	45,699	0	0
Total included in income (loss) from continuing operations before income tax expense
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	177,409	734,196	62,515
Total included in income tax expense (benefit)
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	53,665	205,342	22,159
Total included in income tax expense (benefit) \| Discrete tax benefits
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	27,147	69,628	0
Total included in income tax expense (benefit) \| Tax effect on actions
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	26,518	135,714	22,159
Total restructuring and other action-related charges
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	$ 123,744	$ 528,854	$ 40,356

Business Segment Information - Restructuring and Other Action-Related Charges - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Oct. 02, 2021	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
Segment Reporting, Other Significant Reconciling Item [Line Items]
Employee termination and other benefits paid		$ 312
COVID-19 related charges
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges			$ 49,460
Accrued liabilities and other: Other
Segment Reporting, Other Significant Reconciling Item [Line Items]
Other employee-related liabilities, current	$ 16,000	15,688
Total included in operating profit
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges		131,710	734,196	$ 62,515
Total included in operating profit \| Full Potential plan
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges		131,710
Total included in operating profit \| Loss on classification of assets held for sale \| Full Potential plan \| U.S. Sheer Hosiery
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges		38,364	0	0
Total included in operating profit \| Operating model \| Full Potential plan
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges		23,191	0	0
Total included in operating profit \| PPE inventory write-off \| Full Potential plan
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges		0	362,913	0
Total included in operating profit \| PPE vendor commitments \| Full Potential plan
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges		0	26,400	0
Total included in operating profit \| Inventory SKU rationalization \| Full Potential plan
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges		0	192,704	0
Total included in operating profit \| Supply chain re-startup charges \| COVID-19 related charges
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges		0	48,608	0
Selling, general and administrative expenses
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges		121,612	63,578	5,067
Impairment of intangible assets, Continuing Operations		7,302
Selling, general and administrative expenses \| Operating model
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	$ 16,000
Other expenses
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges		45,699	0	0
Other expenses \| Redemption of 5.375% Senior Notes and Refinancing of Senior Secured Credit Facility
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges		45,699	$ 0	$ 0
Make-whole premium		34,840
Write-off of unamortized debt issuance costs		8,899
Debt issuance costs expensed		$ 1,960

Business Segment Information - Assets (Detail) - USD ($) $ in Thousands	Jan. 01, 2022	Jan. 02, 2021
Assets:
Inventories	$ 1,584,015	$ 1,367,758
Total assets of discontinued operations	327,157	728,587
All other assets	5,160,264	5,623,522
Total assets	7,071,436	7,719,867
Innerwear
Assets:
Inventories	829,093	578,822
Activewear
Assets:
Inventories	447,297	404,539
International
Assets:
Inventories	279,379	308,643
Other
Assets:
Inventories	28,246	75,754
Unallocated
Assets:
Inventories	0	0
Total assets of discontinued operations	327,157	728,587
All other assets	$ 5,160,264	$ 5,623,522

Business Segment Information - Depreciation and Amortization Expense (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
Depreciation and amortization expense:
Depreciation and amortization expense	$ 110,130	$ 114,967	$ 115,063
Innerwear
Depreciation and amortization expense:
Depreciation and amortization expense	25,816	27,407	30,408
Activewear
Depreciation and amortization expense:
Depreciation and amortization expense	23,562	23,621	23,804
International
Depreciation and amortization expense:
Depreciation and amortization expense	22,476	24,307	25,046
Other
Depreciation and amortization expense:
Depreciation and amortization expense	4,578	5,520	6,200
Operating Segments
Depreciation and amortization expense:
Depreciation and amortization expense	76,432	80,855	85,458
Corporate
Depreciation and amortization expense:
Depreciation and amortization expense	$ 33,698	$ 34,112	$ 29,605

Business Segment Information - Additional Revenue Information (Detail) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Jan. 01, 2022	Jan. 02, 2021	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
Revenue from External Customer [Line Items]
Worldwide sales by product category	$ 1,752,349	$ 1,689,145	$ 6,801,240	$ 6,127,161	$ 6,425,716
Innerwear Product Category
Revenue from External Customer [Line Items]
Worldwide sales by product category			4,077,016	4,061,372	3,561,615
Activewear Product Category
Revenue from External Customer [Line Items]
Worldwide sales by product category			$ 2,724,224	$ 2,065,789	$ 2,864,101
Wal-Mart \| Revenue Benchmark \| Customer Concentration Risk
Revenue from External Customer [Line Items]
External customer's percentage of total sales			17.00%	16.00%	15.00%
Target \| Revenue Benchmark \| Customer Concentration Risk
Revenue from External Customer [Line Items]
External customer's percentage of total sales					12.00%

- Definition

+ References

+ Details

Geographic Area Information - Sales and Long Lived Assets by Geographical Area (Detail) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Jan. 01, 2022	Jan. 02, 2021	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	$ 1,752,349	$ 1,689,145	$ 6,801,240	$ 6,127,161	$ 6,425,716
Property, net	441,401	477,821	441,401	477,821	515,937
Americas
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales			4,995,230	4,544,651	4,659,346
Property, net	325,188	351,841	325,188	351,841	383,219
Asia Pacific
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales			1,257,037	1,085,822	1,245,776
Property, net	85,538	92,582	85,538	92,582	102,305
Europe
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales			530,440	482,630	506,271
Property, net	30,675	33,398	30,675	33,398	30,278
Other
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales			18,533	14,058	14,323
Property, net	$ 0	$ 0	$ 0	$ 0	$ 135

- Definition

+ References

+ Details

Quarterly Financial Data - Quarterly Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		12 Months Ended
	Jan. 01, 2022	Jan. 02, 2021	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
Income Statement [Abstract]
Net sales	$ 1,752,349	$ 1,689,145	$ 6,801,240	$ 6,127,161	$ 6,425,716
Cost of sales	1,084,621	1,589,946	4,149,541	4,524,461	3,997,014
Gross profit	667,728	99,199	2,651,699	1,602,700	2,428,702
Selling, general and administrative expenses	512,162	495,706	1,853,971	1,560,034	1,578,017
Operating profit (loss)	155,566	(396,507)	797,728	42,666	850,685
Other expenses	47,359	5,003	53,586	20,655	30,201
Interest expense, net	35,307	43,636	163,067	164,238	176,924
Income (loss) from continuing operations before income tax expense	72,900	(445,146)	581,075	(142,227)	643,560
Income tax expense (benefit)	4,946	(152,948)	60,107	(109,940)	70,236
Income (loss) from continuing operations	67,954	(292,198)	520,968	(32,287)	573,324
Income (loss) from discontinued operations, net of tax	(7,921)	(39,966)	(443,744)	(43,292)	27,396
Net income (loss)	$ 60,033	$ (332,164)	$ 77,224	$ (75,579)	$ 600,720
Earnings (loss) per share - basic:
Continuing operations	$ 0.19	$ (0.83)	$ 1.48	$ (0.09)	$ 1.57
Discontinued operations	(0.02)	(0.11)	(1.26)	(0.12)	0.08
Net income (loss)	0.17	(0.95)	0.22	(0.21)	1.65
Earnings (loss) per share - diluted:
Continuing operations	0.19	(0.83)	1.48	(0.09)	1.57
Discontinued operations	(0.02)	(0.11)	(1.26)	(0.12)	0.07
Net income (loss)	$ 0.17	$ (0.95)	$ 0.22	$ (0.21)	$ 1.64