Accumulated Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jun. 26, 2021

Changes in AOCI by Component, Net of Taxes and Noncontrolling Interest

The following tables provide changes in AOCI by component, net of taxes and noncontrolling interests (amounts in parentheses indicate debits to AOCI):


	For the Six Months Ended June 26, 2021
(In thousands)	Cumulative Translation Adjustment		Unrealized Gain (Loss) on Derivatives		Pension/OPEB Liability Adjustment		Attributable to Unconsol. Affiliates		Total

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

Other comprehensive income (loss) before reclassifications	8,248		4		(400)		1,234		9,086
Amounts reclassified from AOCI	—		(2,848)		383		—		(2,465)

Net current-period other comprehensive income (loss)	8,248		(2,844)		(17)		1,234		6,621


Balance as of June 26, 2021	$	(29,091)	$	(1,860)	$	(17,220)	$	(91)	$	(48,262)


	For the Six Months Ended June 27, 2020
(In thousands)	Cumulative Translation Adjustment		Unrealized Gain (Loss) on Derivatives		Pension/OPEB Liability Adjustment		Attributable to Unconsol. Affiliates		Total

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

Other comprehensive loss before reclassifications	(19,622)		(5,413)		(1,034)		(903)		(26,972)
Amounts reclassified from AOCI	—		5,454		489		—		5,943

Net current-period other comprehensive (loss) income	(19,622)		41		(545)		(903)		(21,029)


Balance as of June 27, 2020	$	(65,820)	$	517	$	(22,400)	$	(2,096)	$	(89,799)

Reclassification Adjustments Out of AOCI

Reclassification adjustments out of AOCI were as follows:


	Amount reclassified from AOCI
	For the Quarter Ended				For the Six Months Ended
(In thousands)	June 26, 2021		June 27, 2020		June 26, 2021		June 27, 2020		Affected line item

Unrealized (gains) losses on derivative commodity contracts	$	(2,390)	$	6,361	$	(3,689)	$	6,829	Cost of goods sold

	537		(1,285)		841		(1,375)		Income tax expense (benefit)

	$	(1,853)	$	5,076	$	(2,848)	$	5,454	Net of tax and noncontrolling interests

Amortization of net loss and prior service cost on employee benefit plans	$	229	$	423	$	458	$	604	Other income, net
	(38)		(86)		(75)		(115)		Income tax benefit

	$	191	$	337	$	383	$	489	Net of tax and noncontrolling interests