Accumulated Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jul. 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 Six Months Ended July 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	18,012		1,006		148		1,638		20,804
Amounts reclassified from AOCI	—		(2,731)		(147)		—		(2,878)

Net current-period other comprehensive income (loss)	18,012		(1,725)		1		1,638		17,926


Balance as of July 1, 2023	$	(51,226)	$	(239)	$	1,223	$	3,993	$	(46,249)


	For the Six Months Ended June 25, 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 (loss) income before reclassifications	(14,318)		(7,281)		(31)		4,409		(17,221)
Amounts reclassified from AOCI	—		(2,514)		152		—		(2,362)

Net current-period other comprehensive (loss) income	(14,318)		(9,795)		121		4,409		(19,583)


Balance as of June 25, 2022	$	(56,621)	$	(8,992)	$	(11,379)	$	4,062	$	(72,930)

Schedule of 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)	July 1, 2023		June 25, 2022		July 1, 2023		June 25, 2022		Affected line item

Unrealized gains on derivative commodity contracts	$	(960)	$	(1,021)	$	(3,511)	$	(3,245)	Cost of goods sold

	218		229		780		731		Income tax expense

	$	(742)	$	(792)	$	(2,731)	$	(2,514)	Net of tax and noncontrolling interests

Amortization of net loss and prior service cost on employee benefit plans	$	(99)	$	104	$	(197)	$	172	Other income, net
	25		(15)		50		(20)		Income tax expense (benefit)

	$	(74)	$	89	$	(147)	$	152	Net of tax and noncontrolling interests