Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Oct. 01, 2022

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss)

The changes in AOCIL, net of tax, by component are as follows:

	Accumulated foreign currency translation		Accumulated retirement liability		Accumulated gain (loss) on derivatives		Total
AOCIL at October 3, 2020	$	(102,994)	$	(183,653)	$	1,194	$	(285,453)
OCI before reclassifications	12,559		21,958		(1,277)		33,240
Amounts reclassified from AOCIL	(2,554)		8,485		(1,278)		4,653
OCI, net of tax	10,005		30,443		(2,555)		37,893
AOCIL at October 2, 2021	(92,989)		(153,210)		(1,361)		(247,560)
OCI before reclassifications	(101,906)		13,845		(4,031)		(92,092)
Amounts reclassified from AOCIL	12,871		14,134		1,605		28,610
OCI, net of tax	(89,035)		27,979		(2,426)		(63,482)
AOCIL at October 1, 2022	$	(182,024)	$	(125,231)	$	(3,787)	$	(311,042)

Net gains and losses on net investment hedges are recorded in Accumulated foreign currency translation to the extent that the instruments are effective in hedging the designated risk.

The amounts reclassified from AOCIL into earnings are as follows:

	Statements of Earnings location	2022		2021
Retirement liability:
Prior service cost		$	58	$	45
Actuarial losses		18,189		18,776
Curtailment gain		—		(5,830)
Settlement (gain) loss		280		(44)
Reclassification from AOCIL into earnings		18,527		12,947
Tax effect		(4,393)		(4,462)
Net reclassification from AOCIL into earnings		$	14,134	$	8,485
Derivatives:
Foreign currency contracts	Sales	$	996	$	(130)
Foreign currency contracts	Cost of sales	1,044		(1,535)
Reclassification from AOCIL into earnings		2,040		(1,665)
Tax effect		(435)		387
Net reclassification from AOCIL into earnings		$	1,605	$	(1,278)

Reclassification from AOCIL into earnings for the Retirement liability are included in the computation of non-service pension expense, which is included in Other on the Consolidated Statements of Earnings.

The effective portion of amounts deferred in AOCIL are as follows:

	2022		2021
Retirement liability:
Net actuarial gain during period	$	15,521	$	26,157
Tax effect	(1,676)		(4,199)
Net deferral in AOCIL of retirement liability	$	13,845	$	21,958
Derivatives:
Foreign currency contracts	$	(5,190)	$	(1,668)
Net loss	(5,190)		(1,668)
Tax effect	1,159		391
Net deferral in AOCIL of derivatives	$	(4,031)	$	(1,277)