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Accumulated Other Comprehensive Loss

8 Months Ended

May 08, 2021

Note I – Accumulated Other Comprehensive Loss

Accumulated other comprehensive loss includes foreign currency translation adjustments, activity for interest rate swaps and treasury rate locks that qualify as cash flow hedges and unrealized gains (losses) on available-for-sale debt securities.

Changes in Accumulated other comprehensive loss for the twelve week periods ended May 8, 2021 and May 9, 2020 consisted of the following:


			Net
	Foreign		Unrealized
	Currency and		Gain (Loss)
(in thousands)	Other⁽³⁾		on Securities		Derivatives		Total

Balance at February 13, 2021	$	(279,725)	$	1,344	$	(22,458)	$	(300,839)
Other comprehensive (loss) before reclassifications⁽¹⁾⁽²⁾		(3,865)		(346)		—		(4,211)
Amounts reclassified from Accumulated other comprehensive (loss)⁽¹⁾⁽²⁾		—		9		659		668
Balance at May 8, 2021	$	(283,590)	$	1,007	$	(21,799)	$	(304,382)


			Net
	Foreign		Unrealized
	Currency and		Gain (Loss)
(in thousands)	Other⁽³⁾		on Securities		Derivatives		Total

Balance at February 15, 2020	$	(225,380)	$	581	$	(3,538)	$	(228,337)
Other comprehensive (loss) income before reclassifications⁽¹⁾⁽²⁾		(104,920)		1,116		(12,808)		(116,612)
Amounts reclassified from Accumulated other comprehensive income (loss)⁽¹⁾⁽²⁾		—		44		389		433
Balance at May 9, 2020	$	(330,300)	$	1,741	$	(15,957)	$	(344,516)

Changes in Accumulated other comprehensive loss for the thirty-six week periods ended May 8, 2021 and May 9, 2020 consisted of the following:


			Net
	Foreign		Unrealized
	Currency and		Gain (Loss)
(in thousands)	Other⁽³⁾		on Securities		Derivatives		Total

Balance at August 29, 2020	$	(332,321)	$	1,845	$	(23,776)	$	(354,252)
Other comprehensive income (loss) before reclassifications⁽¹⁾⁽²⁾		48,731		(861)		—		47,870
Amounts reclassified from Accumulated other comprehensive (loss) income⁽¹⁾⁽²⁾		—		23		1,977		2,000
Balance at May 8, 2021	$	(283,590)	$	1,007	$	(21,799)	$	(304,382)


			Net
	Foreign		Unrealized
	Currency and		Gain (Loss)
(in thousands)	Other⁽³⁾		on Securities		Derivatives		Total

Balance at August 31, 2019	$	(265,598)	$	591	$	(4,315)	$	(269,322)
Other comprehensive (loss) income before reclassifications⁽¹⁾⁽²⁾		(64,702)		1,063		(12,808)		(76,447)
Amounts reclassified from Accumulated other comprehensive income (loss)⁽¹⁾⁽²⁾		—		87		1,166		1,253
Balance at May 9, 2020	$	(330,300)	$	1,741	$	(15,957)	$	(344,516)

(1)	Amounts in parentheses indicate debits to Accumulated other comprehensive loss.

(2)	Amounts shown are net of taxes/tax benefits.

(3)	Foreign currency is shown net of U.S. tax to account for foreign currency impacts of certain undistributed non-U.S. subsidiaries earnings. Other foreign currency is not shown net of additional U.S. tax as other basis differences of non-U.S. subsidiaries are intended to be permanently reinvested.