Other Comprehensive Income

9 Months Ended

Sep. 27, 2025

Disclosure Other Comprehensive Income Additional Information [Abstract]

Other Comprehensive Income

Other Comprehensive Income

Changes in accumulated other comprehensive income(1) were as follows (in thousands):

	Currency Translation Adjustment		Pension Benefit Costs		Unrealized Gain/(Loss) Interest Rate Swap		Total
Balance as of December 28, 2024	$	(213,255)	$	(78,534)	$	22,399	$	(269,390)
Other comprehensive income before reclassification	135,229		(4,966)		1,521		131,784
Amounts reclassified from accumulated other comprehensive income	—		1,588		(13,287)		(11,699)
Net current-period other comprehensive income	$	135,229	$	(3,378)	$	(11,766)	$	120,085
Balance as of September 27, 2025	$	(78,026)	$	(81,912)	$	10,633	$	(149,305)
Balance as of December 30, 2023	$	(145,490)	$	(109,713)	$	32,005	$	(223,198)
Other comprehensive income before reclassification	31,352		(5,671)		9,135		34,816
Amounts reclassified from accumulated other comprehensive income	—		1,535		(21,309)		(19,774)
Net current-period other comprehensive income	$	31,352	$	(4,136)	$	(12,174)	$	15,042
Balance as of September 28, 2024	$	(114,138)	$	(113,849)	$	19,831	$	(208,156)

(1) As of September 27, 2025, pension and unrealized loss on interest rate swap amounts, net of tax, were $14.2 million and $4.4 million, respectively. During the nine months ended September 27, 2025, the adjustments to pension and unrealized loss on interest rate swap amounts, net of tax, were $0.4 million and $(3.6) million, respectively. As of September 28, 2024, pension and unrealized gain on interest rate swap amounts, net of tax, were $4.8 million and $6.2 million, respectively. During the nine months ended September 28, 2024, the adjustments to pension and unrealized gain on interest rate swap amounts, net of tax, were $0.8 million and $(5.0) million, respectively.

Components of other comprehensive income were as follows (in thousands):

	Three Months Ended				Nine Months Ended
	Sep 27, 2025		Sep 28, 2024		Sep 27, 2025		Sep 28, 2024
Net earnings	$	(512,978)	$	114,166	$	(314,670)	$	316,129
Currency translation adjustment	(26,247)		67,366		135,229		31,352
Pension liability adjustment, net of tax	2,796		(5,711)		(3,378)		(4,136)
Unrealized loss on interest rate swaps, net of tax	(2,600)		(13,173)		(11,766)		(12,174)
Comprehensive income	$	(539,029)	$	162,648	$	(194,585)	$	331,171