Accumulated Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Sep. 25, 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 Nine Months Ended September 25, 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	763		862		(98)		2,211		3,738
Amounts reclassified from AOCI	—		(1,584)		574		—		(1,010)

Net current-period other comprehensive income (loss)	763		(722)		476		2,211		2,728


Balance as of September 25, 2021	$	(36,576)	$	262	$	(16,727)	$	886	$	(52,155)


	For the Nine Months Ended September 26, 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	(11,254)		(5,082)		(1,468)		(564)		(18,368)
Amounts reclassified from AOCI	—		5,274		753		—		6,027

Net current-period other comprehensive (loss) income	(11,254)		192		(715)		(564)		(12,341)


Balance as of September 26, 2020	$	(57,452)	$	668	$	(22,570)	$	(1,757)	$	(81,111)

Reclassification Adjustments Out of AOCI

Reclassification adjustments out of AOCI were as follows:


	Amount reclassified from AOCI
	For the Quarter Ended				For the Nine Months Ended
(In thousands)	September 25, 2021		September 26, 2020		September 25, 2021		September 26, 2020		Affected line item

Unrealized losses (gains) on derivative commodity contracts	$	1,077	$	(248)	$	(2,612)	$	6,581	Cost of goods sold

	187		68		1,028		(1,307)		Income tax expense (benefit)

	$	1,264	$	(180)	$	(1,584)	$	5,274	Net of tax and noncontrolling interests

Amortization of net loss and prior service cost on employee benefit plans	$	228	$	327	$	686	$	931	Other income, net
	(37)		(63)		(112)		(178)		Income tax benefit

	$	191	$	264	$	574	$	753	Net of tax and noncontrolling interests