Accumulated Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Sep. 30, 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 Nine Months Ended September 30, 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	8,654		1,147		221		1,860		11,882
Amounts reclassified from AOCI	—		(2,548)		(220)		—		(2,768)

Net current-period other comprehensive income (loss)	8,654		(1,401)		1		1,860		9,114


Balance as of September 30, 2023	$	(60,584)	$	85	$	1,223	$	4,215	$	(55,061)


	For the Nine Months Ended September 24, 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	(41,078)		(13,227)		1,424		4,218		(48,663)
Amounts reclassified from AOCI	—		2,253		305		—		2,558

Net current-period other comprehensive (loss) income	(41,078)		(10,974)		1,729		4,218		(46,105)


Balance as of September 24, 2022	$	(83,381)	$	(10,171)	$	(9,771)	$	3,871	$	(99,452)

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 Nine Months Ended
(In thousands)	September 30, 2023		September 24, 2022		September 30, 2023		September 24, 2022		Affected line item

Unrealized losses (gains) on derivative commodity contracts	$	236	$	6,151	$	(3,275)	$	2,906	Cost of goods sold

	(53)		(1,384)		727		(653)		Income tax (benefit) expense

	$	183	$	4,767	$	(2,548)	$	2,253	Net of tax and noncontrolling interests

Amortization of net (gain) loss and prior service (credit) cost on employee benefit plans	$	(99)	$	184	$	(296)	$	356	Other (expense) income, net
	26		(31)		76		(51)		Income tax expense (benefit)

	$	(73)	$	153	$	(220)	$	305	Net of tax and noncontrolling interests