Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2016

Accumulated Other Comprehensive Income (Loss) [Abstract]

Accumulated Other Comprehensive Income (Loss)

Note 17 – 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, unrealized gains and losses on marketable securities classified as available-for-sale, and other comprehensive income attributable to unconsolidated affiliates.

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			Attributable to Unconsolidated Affiliates		Total
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	)
Other comprehensive income (loss) before reclassifications		(25,192	)		400			3,962			159			5,975		(14,696	)
Amounts reclassified from AOCI		—			1,309			1,421			—			—		2,730
Balance at December 31, 2016	$	(49,965	)	$	(300	)	$	(23,046	)	$	380		$	5,975	$	(66,956	)

Reclassification adjustments out of AOCI were as follows:

	Amount reclassified from AOCI
(In thousands)	2016			2015			2014			Affected Line Item
Unrealized losses on derivatives:
Commodity contracts	$	1,061		$	4,486		$	328		Cost of goods sold
Interest rate swap		361			372			—		Interest expense
		(113	)		(1,310	)		(61	)	Income tax expense
		1,309			3,548			267		Net of tax
		—			—			—		Noncontrolling interest
	$	1,309		$	3,548		$	267		Net of tax and noncontrolling interest
Amortization of net loss and prior service cost      on employee benefit plans	$	1,942		$	2,688		$	541		Selling, general, and administrative expense
		(521	)		(719	)		(72	)	Income tax expense
		1,421			1,969			469		Net of tax
		—			—			—		Noncontrolling interest
	$	1,421		$	1,969		$	469		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