Accumulated Other Comprehensive Loss

6 Months Ended

May 28, 2023

The following is a summary of the components of "Accumulated other comprehensive loss," net of related income taxes:


	Three Months Ended May 28, 2023
	Pension and Postretirement Benefits(1)		Translation Adjustments				Unrealized (Loss) Gain on Marketable Securities(1)
			Derivative Instruments(2)		Foreign Currency Translation				Total

	(Dollars in millions)
Accumulated other comprehensive (loss) income at February 26, 2023	$	(177.7)	$	(12.4)	$	(228.4)	$	—	$	(418.5)
Other comprehensive (loss) income before reclassifications	(0.6)		(7.6)		16.4		—		8.2
Amounts reclassified from accumulated other comprehensive (loss) income	2.3		(13.7)		—		—		(11.4)
Net increase (decrease) in other comprehensive (loss) income	1.7		(21.3)		16.4		—		(3.2)

Accumulated other comprehensive (loss) income at May 28, 2023	$	(176.0)	$	(33.7)	$	(212.0)	$	—	$	(421.7)


	Six Months Ended May 28, 2023
	Pension and Postretirement Benefits(1)		Translation Adjustments				Unrealized (Loss) Gain on Marketable Securities(1)
			Derivative Instruments(2)		Foreign Currency Translation				Total

	(Dollars in millions)
Accumulated other comprehensive (loss) income at November 27, 2022	$	(179.5)	$	7.2	$	(248.7)	$	(0.7)	$	(421.7)
Other comprehensive income (loss) before reclassifications	(1.1)		(16.1)		36.7		0.1		19.6
Amounts reclassified from accumulated other comprehensive (loss) income	4.6		(24.8)		—		0.6		(19.6)
Net increase (decrease) in other comprehensive (loss) income	3.5		(40.9)		36.7		0.7		—

Accumulated other comprehensive (loss) income at May 28, 2023	$	(176.0)	$	(33.7)	$	(212.0)	$	—	$	(421.7)

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(1)Amounts reclassified were recorded in other (expense) income, net.

(2)Amounts reclassified were recorded within net revenues and cost of goods sold. For more information, refer to Note 4.


	Three Months Ended May 29, 2022
	Pension and Postretirement Benefits(1)		Translation Adjustments				Unrealized Gain (Loss) on Marketable Securities(1)
			Derivative Instruments(2)		Foreign Currency Translation				Total

	(Dollars in millions)
Accumulated other comprehensive (loss) income at February 27, 2022	$	(193.8)	$	(24.0)	$	(207.7)	$	14.1	$	(411.4)
Other comprehensive (loss) income before reclassifications	(0.5)		29.9		(7.8)		(3.4)		18.2
Amounts reclassified from accumulated other comprehensive (loss) income	2.0		(3.0)		—		—		(1.0)
Net increase (decrease) in other comprehensive (loss) income	1.5		26.9		(7.8)		(3.4)		17.2

Accumulated other comprehensive (loss) income at May 29, 2022	$	(192.3)	$	2.9	$	(215.5)	$	10.7	$	(394.2)


	Six Months Ended May 29, 2022
	Pension and Postretirement Benefits(1)		Translation Adjustments				Unrealized Gain (Loss) on Marketable Securities(1)
			Derivative Instruments(2)		Foreign Currency Translation				Total

	(Dollars in millions)
Accumulated other comprehensive (loss) income at November 28, 2021	$	(195.5)	$	(20.9)	$	(196.8)	$	18.8	$	(394.4)
Other comprehensive (loss) income before reclassifications	(1.0)		27.4		(18.7)		(8.1)		(0.4)
Amounts reclassified from accumulated other comprehensive (loss) income	4.2		(3.6)		—		—		0.6
Net increase (decrease) in other comprehensive income (loss) income	3.2		23.8		(18.7)		(8.1)		0.2

Accumulated other comprehensive (loss) income at May 29, 2022	$	(192.3)	$	2.9	$	(215.5)	$	10.7	$	(394.2)

_____________

(1)Amounts reclassified were recorded in other (expense) income, net.

(2)Amounts reclassified were recorded within net revenues and cost of goods sold. For more information, refer to Note 4.