Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Dec. 26, 2020

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 other post-employment benefit liabilities, 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 (Loss) Gain on Derivatives		Pension/ OPEB Liability Adjustment		Attributable to Unconsol. Affiliates		Total

Balance at December 29, 2018	$	(54,257)	$	(214)	$	(24,967)	$	(354)	$	(79,792)

Other comprehensive income (loss) before reclassifications	8,059		1,176		2,315		(839)		10,711
Amounts reclassified from AOCI	—		(486)		797		—		311




Balance at December 28, 2019	(46,198)		476		(21,855)		(1,193)		(68,770)

Other comprehensive income (loss) before reclassifications	8,859		(4,583)		(3,639)		(132)		505
Amounts reclassified from AOCI	—		5,091		8,291		—		13,382




Balance at December 26, 2020	$	(37,339)	$	984	$	(17,203)	$	(1,325)	$	(54,883)

Reclassification adjustments out of AOCI were as follows:


	Amount reclassified from AOCI
(In thousands)	2020		2019		2018		Affected Line Item

Unrealized losses (gains) on derivatives:
Commodity contracts	$	6,337	$	(587)	$	(429)	Cost of goods sold

	(1,246)		101		58		Income tax (benefit) expense

	$	5,091	$	(486)	$	(371)	Net of tax and noncontrolling interests

Amortization of net loss (gain) and prior service cost on employee benefit plans	$	11,642	$	—	$	—	Pension plan termination expense
	(998)		960		341		Other income, net
	(2,353)		(163)		(38)		Income tax benefit

	$	8,291	$	797	$	303	Net of tax and noncontrolling interests