Note J – Accumulated Other Comprehensive Loss

Accumulated other comprehensive loss includes certain adjustments to pension liabilities, foreign currency translation adjustments, certain activity for interest rate swaps and treasury rate locks that qualify as cash flow hedges and unrealized gains (losses) on available-for-sale securities. Changes in Accumulated other comprehensive loss for the twelve week periods ended November 18, 2017 and November 19, 2016 consisted of the following:


(in thousands)	Pension Liability			Foreign Currency ⁽³⁾			Net Unrealized Gain on Securities			Derivatives			Total
Balance at August 26, 2017	$	(72,376	)	$	(175,814	)	$	(11	)	$	(6,356	)	$	(254,557	)
Other comprehensive (loss) before reclassifications⁽¹⁾		—			(43,217	)		(314	)		—			(43,531	)
Amounts reclassified from Accumulated other comprehensive loss⁽¹⁾		1,316	⁽²⁾		—			(2)	⁽⁴⁾		323	⁽⁵⁾		1,637

Balance at November 18, 2017	$	(71,060	)	$	(219,031	)	$	(327	)	$	(6,033	)	$	(296,451	)


(in thousands)	Pension Liability			Foreign Currency ⁽³⁾			Net Unrealized Gain on Securities			Derivatives			Total
Balance at August 27, 2016	$	(88,890	)	$	(211,012	)	$	120		$	(7,747	)	$	(307,529	)
Other comprehensive (loss) before reclassifications⁽¹⁾		—			(40,591	)		(235	)		—			(40,826	)
Amounts reclassified from Accumulated other comprehensive loss⁽¹⁾		1,816	⁽²⁾		—			6	⁽⁴⁾		330	⁽⁵⁾		2,152

Balance at November 19, 2016	$	(87,074	)	$	(251,603	)	$	(109	)	$	(7,417	)	$	(346,203	)

(1)

Amounts in parentheses indicate debits to Accumulated other comprehensive loss.

(2)

Represents amortization of pension liability adjustments, net of taxes of $1,161 in fiscal 2018 and $1,385 in fiscal 2017, which is recorded in Operating, selling, general and administrative expenses on the Condensed Consolidated Statements of Income. See “Note G – Pension and Savings Plans” for further discussion.

(3)

Foreign currency is not shown net of additional U.S. tax as earnings of non-U.S. subsidiaries are intended to be permanently reinvested.

(4)

Represents realized losses on marketable securities, net of taxes of $1 in fiscal 2018 and $3 in fiscal 2017, which is recorded in Operating, selling, general and administrative expenses on the Condensed Consolidated Statements of Income. See “Note D – Marketable Securities” for further discussion.

(5)

Represents gains and losses on derivatives, net of taxes of $186 in fiscal 2018 and $179 in fiscal 2017, which is recorded in Interest expense, net, on the Condensed Consolidated Statements of Income. See “Note E – Derivative Financial Instruments” for further discussion.