Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Dec. 26, 2015

Accumulated Other Comprehensive Income (Loss) [Abstract]

Accumulated Other Comprehensive Income (Loss)

Note 13 – Accumulated Other Comprehensive Income (Loss)

AOCI includes certain foreign currency translation adjustments from those subsidiaries not using the U.S. dollar as their functional currency, net deferred gains and losses on certain derivative instruments accounted for as cash flow hedges, adjustments to pension and OPEB liabilities, and unrealized gains and losses on marketable securities classified as available-for-sale.

The following table provides changes in AOCI by component, net of taxes and noncontrolling interest (amounts in parentheses indicate debits to AOCI):

(In thousands)	Cumulative Translation Adjustment			Unrealized (Losses)/ Gains on Derivatives			Minimum Pension/ OPEB Liability Adjustment			Unrealized Gains on Equity Investments			Total
Balance at December 28, 2013	$	(462	)	$	1,546		$	(12,158	)	$	255		$	(10,819	)
Other comprehensive income (loss) before reclassifications		(12,613	)		(2,766	)		(23,475	)		15			(38,839	)
Amounts reclassified from AOCI		5,999			267			469			—			6,735
Balance at December 27, 2014		(7,076	)		(953	)		(35,164	)		270			(42,923	)
Other comprehensive income (loss) before reclassifications		(17,697	)		(4,604	)		4,766			(49	)		(17,584	)
Amounts reclassified from AOCI		—			3,548			1,969			—			5,517
Balance at December 26, 2015	$	(24,773	)	$	(2,009	)	$	(28,429	)	$	221		$	(54,990	)

Reclassification adjustments out of AOCI were as follows:

	Amount reclassified from AOCI
(In thousands)	2015			2014			2013			Affected Line Item
Unrealized losses on derivatives:
Commodity contracts	$	4,486		$	328		$	5,618		Cost of goods sold
Foreign currency contracts		—			—			54		Depreciation expense
Interest rate swap		372			—			—		Interest expense
		(1,310	)		(61	)		(1,857	)	Income tax expense
		3,548			267			3,815		Net of tax
		—			—			—		Noncontrolling interest
	$	3,548		$	267		$	3,815		Net of tax and noncontrolling interest
Amortization of net loss and prior service cost on employee benefit plans	$	2,688		$	541		$	3,844		Selling, general, and administrative expense
		(719	)		(72	)		(1,326	)	Income tax expense
		1,969			469			2,518		Net of tax
		—			—			—		Noncontrolling interest
	$	1,969		$	469		$	2,518		Net of tax and noncontrolling interest
Loss recognized upon sale of business	$	—		$	5,999		$	—		Gain on sale of assets
		—			—			—		Income tax benefit
		—			5,999			—		Net of tax
		—			—			—		Noncontrolling interest
	$	—		$	5,999		$	—		Net of tax and noncontrolling interest