Accumulated Other Comprehensive Income (Loss) (Tables)

3 Months Ended

Apr. 01, 2023

Schedule of 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 Quarter Ended April 1, 2023
(In thousands)	Cumulative Translation Adjustment		Unrealized Gain (Loss) on Derivatives		Pension/OPEB Liability Adjustment		Attributable to Unconsol. Affiliates		Total

Balance as of December 31, 2022	$	(69,238)	$	1,486	$	1,222	$	2,355	$	(64,175)

Other comprehensive income before reclassifications	9,993		2,943		65		1,285		14,286
Amounts reclassified from AOCI	—		(1,989)		(73)		—		(2,062)

Net current-period other comprehensive income (loss)	9,993		954		(8)		1,285		12,224


Balance as of April 1, 2023	$	(59,245)	$	2,440	$	1,214	$	3,640	$	(51,951)


	For the Quarter Ended March 26, 2022
(In thousands)	Cumulative Translation Adjustment		Unrealized Gain (Loss) on Derivatives		Pension/OPEB Liability Adjustment		Attributable to Unconsol. Affiliates		Total

Balance as of December 25, 2021	$	(42,303)	$	803	$	(11,500)	$	(347)	$	(53,347)

Other comprehensive income before reclassifications	1,246		3,813		357		2,148		7,564
Amounts reclassified from AOCI	—		(1,722)		63		—		(1,659)

Net current-period other comprehensive income	1,246		2,091		420		2,148		5,905


Balance as of March 26, 2022	$	(41,057)	$	2,894	$	(11,080)	$	1,801	$	(47,442)

Schedule of Reclassification Adjustments Out of AOCI

Reclassification adjustments out of AOCI were as follows:


	Amount reclassified from AOCI
	For the Quarter Ended
(In thousands)	April 1, 2023		March 26, 2022		Affected line item

Unrealized gains on derivative commodity contracts	$	(2,551)	$	(2,224)	Cost of goods sold

	562		502		Income tax expense

	$	(1,989)	$	(1,722)	Net of tax and noncontrolling interests

Amortization of net loss and prior service cost on employee benefit plans	$	(98)	$	68	Other income, net
	25		(5)		Income tax expense (benefit)

	$	(73)	$	63	Net of tax and noncontrolling interests