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Accumulated Other Comprehensive Loss (Tables)
 6 Months Ended
Jun. 29, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Schedule of Accumulated Other Comprehensive Loss
The components of accumulated other comprehensive loss (“AOCI”) are as follows:
Cumulative Translation Adjustment(1)
Cash Flow HedgesDefined Benefit PlansIncome TaxesAccumulated Other Comprehensive Loss
Balance at March 30, 2024$(271,502)$5,168 $(415,824)$146,285 $(535,873)
Amounts reclassified from accumulated other comprehensive loss
— (2,525)5,459 94 3,028 
Current-period other comprehensive income activity9,839 3,138 47 230 13,254 
Total other comprehensive income9,839 613 5,506 324 16,282 
Balance at June 29, 2024$(261,663)$5,781 $(410,318)$146,609 $(519,591)

Cumulative Translation Adjustment(1)
Cash Flow HedgesDefined Benefit PlansIncome TaxesAccumulated Other Comprehensive Loss
Balance at December 30, 2023$(213,482)$(5,967)$(419,835)$146,973 $(492,311)
Amounts reclassified from accumulated other comprehensive loss
— (7,164)9,388 1,126 3,350 
Current-period other comprehensive income (loss) activity
(48,181)18,912 129 (1,490)(30,630)
Total other comprehensive income (loss)(48,181)11,748 9,517 (364)(27,280)
Balance at June 29, 2024$(261,663)$5,781 $(410,318)$146,609 $(519,591)
(1)Cumulative Translation Adjustment includes translation adjustments and net investment hedges. See Note “Financial Instruments and Risk Management” for additional disclosures about net investment hedges.
Cumulative Translation Adjustment(1)
Cash Flow HedgesDefined Benefit PlansIncome TaxesAccumulated Other Comprehensive Loss
Balance at April 1, 2023$(237,859)$(13,876)$(433,288)$146,501 $(538,522)
Amounts reclassified from accumulated other comprehensive loss
— (1,095)4,077 43 3,025 
Current-period other comprehensive income (loss) activity
1,187 20,576 (16)(425)21,322 
Total other comprehensive income (loss)1,187 19,481 4,061 (382)24,347 
Balance at July 1, 2023$(236,672)$5,605 $(429,227)$146,119 $(514,175)
Cumulative Translation Adjustment(1)
Cash Flow HedgesDefined Benefit PlansIncome TaxesAccumulated Other Comprehensive Loss
Balance at December 31, 2022$(228,803)$8,709 $(437,353)$145,439 $(512,008)
Amounts reclassified from accumulated other comprehensive loss
— (6,069)8,154 1,286 3,371 
Current-period other comprehensive income (loss) activity
(7,869)2,965 (28)(606)(5,538)
Total other comprehensive income (loss)(7,869)(3,104)8,126 680 (2,167)
Balance at July 1, 2023$(236,672)$5,605 $(429,227)$146,119 $(514,175)
(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.
Schedule of Reclassifications out of Accumulated Other Comprehensive Loss
The Company had the following reclassifications out of AOCI:
Component of AOCI Location of Reclassification from AOCIAmount of Reclassification from AOCI into Net Income (Loss)
Quarters EndedSix Months Ended
June 29,
2024		July 1,
2023		June 29,
2024		July 1,
2023
Gain (loss) on forward foreign exchange contracts designated as cash flow hedgesCost of sales$381 $129 $1,970 $4,001 
Income tax(72)(88)(600)(1,353)
Income (loss) from discontinued operations, net of tax50 (287)738 (607)
Net of tax359 (246)2,108 2,041 
Gain on interest rate contracts designated as cash flow hedgesInterest expense, net2,062 1,297 4,158 1,307 
Income tax— — — — 
Net of tax2,062 1,297 4,158 1,307 
Gain on cross-currency swap contracts designated as cash flow hedgesSelling, general and administrative expenses— — — 973 
Interest expense, net— — — 581 
Income tax— — — — 
Net of tax— — — 1,554 
Amortization of deferred actuarial loss and prior service cost and settlement costOther expenses(5,459)(4,077)(9,388)(8,154)
Income tax10 1 (228)(119)
Net of tax(5,449)(4,076)(9,616)(8,273)
Total reclassifications$(3,028)$(3,025)$(3,350)$(3,371)