Accumulated Other Comprehensive Loss

3 Months Ended

Feb. 25, 2024

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


	Three Months Ended February 25, 2024
	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 at November 26, 2023	$	(153.2)	$	(42.0)	$	(195.7)	$	—	$	(390.9)
Other comprehensive income (loss) before reclassifications	(0.5)		0.4		(5.6)		—		(5.7)
Amounts reclassified from accumulated other comprehensive loss	2.0		11.3		—		—		13.3
Net increase (decrease) in other comprehensive income (loss)	1.5		11.7		(5.6)		—		7.6

Accumulated other comprehensive loss at February 25, 2024	$	(151.7)	$	(30.3)	$	(201.3)	$	—	$	(383.3)

_____________

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

(2)Amounts reclassified were recorded within net revenues and cost of goods sold. For more information, refer to Note 3.


	Three Months Ended February 26, 2023
	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 at November 27, 2022	$	(179.5)	$	7.2	$	(248.7)	$	(0.7)	$	(421.7)
Other comprehensive income (loss) before reclassifications	(0.5)		(8.5)		20.3		0.1		11.4
Amounts reclassified from accumulated other comprehensive loss	2.3		(11.1)		—		0.6		(8.2)
Net increase (decrease) in other comprehensive income (loss)	1.8		(19.6)		20.3		0.7		3.2

Accumulated other comprehensive loss at February 26, 2023	$	(177.7)	$	(12.4)	$	(228.4)	$	—	$	(418.5)

_____________

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

(2)Amounts reclassified were recorded within net revenues and cost of goods sold. For more information, refer to Note 3.