Hasbro 2015 Annual Report Download - page 81

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HASBRO, INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements — (Continued)
(Thousands of Dollars and Shares Except Per Share Data)
Changes in the components of accumulated other comprehensive earnings (loss), net of tax are as follows:
Pension and
Postretirement
Amounts
Gains
(Losses) on
Derivative
Instruments
Unrealized
Holding
Gains on
Available-
for-Sale
Securities
Foreign
Currency
Translation
Adjustments
Total
Accumulated
Other
Comprehensive
Earnings
(Loss)
2015
Balance at December 28,
2014 ................ $(113,092) 43,689 1,900 (27,951) (95,454)
Current period other
comprehensive earnings
(loss) ................ 6,892 86,155 (642) (95,694) (3,289)
Reclassifications from
AOCE to earnings ...... 3,269 (50,527) — — (47,258)
Balance at December 27,
2015 ................ $(102,931) 79,317 1,258 (123,645) (146,001)
2014
Balance at December 29,
2013 ................ $ (64,841) (7,313) — 38,019 (34,135)
Current period other
comprehensive earnings
(loss) ................ (51,206) 47,600 1,900 (65,970) (67,676)
Reclassifications from
AOCE to earnings ...... 2,955 3,402 — — 6,357
Balance at December 28,
2014 ................ $(113,092) 43,689 1,900 (27,951) (95,454)
2013
Balance at December 30,
2012 ................ $(120,422) (1,008) — 49,123 (72,307)
Current period other
comprehensive earnings
(loss) ................ 47,081 (3,075) — (11,104) 32,902
Reclassifications from
AOCE to earnings ...... 8,500 (3,230) — — 5,270
Balance at December 29,
2013 ................ $ (64,841) (7,313) — 38,019 (34,135)
At December 27, 2015, the Company had remaining net deferred gains on foreign currency forward
contracts, net of tax, of $98,680 in AOCE. These instruments hedge payments related to inventory purchased in
the fourth quarter of 2015 or forecasted to be purchased from 2016 through 2020, intercompany expenses
expected to be paid or received during 2016 and 2017 and cash receipts for sales made at the end of 2015 or
forecasted to be made in 2016. These amounts will be reclassified into the consolidated statements of operations
upon the sale of the related inventory or recognition of the related sales, royalties or expenses.
In addition to foreign currency forward contracts, the Company entered into hedging contracts on future
interest payments related to the long-term notes due 2021 and 2044. At the date of debt issuance, these contracts
were terminated and the fair value on the date of settlement was deferred in AOCE and is being amortized to
interest expense over the life of the related notes using the effective interest rate method. At December 27, 2015,
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