Accumulated Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Sep. 28, 2024

Equity [Abstract]

Components of Accumulated Other Comprehensive Income (Loss)

The following tables reflect the changes in accumulated other comprehensive income (loss) by component for the three months and nine months ended September 28, 2024 and September 30, 2023 (in thousands):

	Three-Month (13-Week) Period Ended
	September 28, 2024
	Gains and (Losses) on			Foreign Currency			Adjustment to Early
	Hedging Derivatives			Gains (Losses)			Retiree Medical Plan		Total
Accumulated other comprehensive   income (loss) at June 29, 2024	$	(6,200	)	$	(182,441	)	$	11,003	$	(177,638	)
Other comprehensive income    (loss) before reclassifications		(6,055	)		9,505			-		3,450
Amounts reclassified from    accumulated other    comprehensive income (loss)    into earnings (1)		5,955			-			-		5,955
Net current-period other    comprehensive income (loss)		(100	)		9,505			-		9,405
Accumulated other comprehensive    income (loss) at September 28, 2024	$	(6,300	)	$	(172,936	)	$	11,003	$	(168,233	)

	Nine-Month (39-Week) Period Ended
	September 28, 2024
	Gains and (Losses) on			Foreign Currency			Adjustment to Early
	Hedging Derivatives			Gains (Losses)			Retiree Medical Plan		Total
Accumulated other comprehensive    income (loss) at    December 31, 2023	$	(13,900	)	$	(159,175	)	$	11,003	$	(162,072	)
Other comprehensive income    (loss) before reclassifications		(11,171	)		(13,761	)		-		(24,932	)
Amounts reclassified from    accumulated other    comprehensive income (loss)    into earnings (1)		18,771			-			-		18,771
Net current-period other    comprehensive income (loss)		7,600			(13,761	)		-		(6,161	)
Accumulated other comprehensive    income (loss) at September 28, 2024	$	(6,300	)	$	(172,936	)	$	11,003	$	(168,233	)

(1)Includes $5,955 and $18,771 net-of-tax impact of accumulated other comprehensive income (loss) reclassifications into cost of products sold for net losses on commodity contracts in the third quarter and first nine months of 2024, respectively. The tax impact of those reclassifications was $1,800 and $6,000 in the third quarter and first nine months of 2024, respectively.

	Three-Month (13-Week) Period Ended
	September 30, 2023
	Gains and (Losses) on			Foreign Currency			Adjustment to Early
	Hedging Derivatives			Gains (Losses)			Retiree Medical Plan		Total
Accumulated other comprehensive    income (loss) at July 1, 2023	$	3,500		$	(149,071	)	$	16,599	$	(128,972	)
Other comprehensive income (loss)    before reclassifications		(4,779	)		(18,655	)		-		(23,434	)
Amounts reclassified from    accumulated other    comprehensive income (loss)    into earnings (2)		3,579			-			-		3,579
Net current-period other    comprehensive income (loss)		(1,200	)		(18,655	)		-		(19,855	)
Accumulated other comprehensive    income (loss) at September 30, 2023	$	2,300		$	(167,726	)	$	16,599	$	(148,827	)

	Nine-Month (39-Week) Period Ended
	September 30, 2023
	Gains and (Losses) on			Foreign Currency			Adjustment to Early
	Hedging Derivatives			Gains (Losses)			Retiree Medical Plan		Total
Accumulated other comprehensive    income (loss) at    December 31, 2022	$	26,100		$	(180,216	)	$	16,599	$	(137,517	)
Other comprehensive income (loss)    before reclassifications		(33,782	)		12,490			-		(21,292	)
Amounts reclassified from    accumulated other    comprehensive income (loss)    into earnings (2)		9,982			-			-		9,982
Net current-period other    comprehensive income (loss)		(23,800	)		12,490			-		(11,310	)
Accumulated other comprehensive    income (loss) at September 30, 2023	$	2,300		$	(167,726	)	$	16,599	$	(148,827	)

Includes $3,579 and $9,982 net-of-tax impact of accumulated other comprehensive income (loss) reclassifications into cost of products sold for net losses on commodity contracts in the third quarter and first nine months of 2023, respectively. The tax impact of those reclassifications was $1,100 and $3,100 in the third quarter and first nine months of 2023, respectively.