Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Dec. 28, 2024

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 for the three months ended December 28, 2024 are as follows:

	Accumulated foreign currency translation		Accumulated retirement liability		Accumulated gain (loss) on derivatives		Total
AOCIL at September 28, 2024	$	(95,538)	$	(108,231)	$	—	$	(203,769)
OCI before reclassifications	(52,708)		913		246		(51,549)
Amounts reclassified from AOCIL	11,012		2,179		16		13,207
OCI, net of tax	(41,696)		3,092		262		(38,342)
AOCIL at December 28, 2024	$	(137,234)	$	(105,139)	$	262	$	(242,111)

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:

		Three Months Ended
	Statements of Earnings location	December 28, 2024		December 30, 2023
Retirement liability:
Prior service cost		$	14	$	14
Actuarial losses		2,818		2,658
Reclassification from AOCIL into earnings		2,832		2,672
Tax effect		(653)		(628)
Net reclassification from AOCIL into earnings		$	2,179	$	2,044
Derivatives:
Foreign currency contracts	Cost of sales	$	21	$	295
Reclassification from AOCIL into earnings		21		295
Tax effect		(5)		(70)
Net reclassification from AOCIL into earnings		$	16	$	225
Foreign currency translation:
Business dispositions	Other	$	11,012	$	(27)
Reclassification from AOCIL into earnings		11,012		(27)
Tax effect		—		—
Net reclassification from AOCIL into earnings		$	11,012	$	(27)

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 Condensed Statement of Earnings.

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

	Three Months Ended
	December 28, 2024		December 30, 2023
Foreign currency contracts	$	321	$	122
Net gain	321		122
Tax effect	(75)		(29)
Net deferral in AOCIL of derivatives	$	246	$	93