STOCKHOLDERS' EQUITY (Tables)

12 Months Ended

Dec. 25, 2022

Schedule of Changes in Accumulated Other Comprehensive Loss

The following tables provide information regarding the changes in accumulated other comprehensive loss during 2022 and 2021:


	2022
	Gains (Losses) Related to Foreign Currency Translation		Unrealized Losses on Derivative Financial Instruments Classified as Cash Flow Hedges		Losses Related to Pension and Other Postretirement Benefits		Gains (Losses) on Available-for-Sale Securities		Total
	(In thousands)
Balance, beginning of year	$	27,241	$	(2,365)	$	(72,873)	$	—	$	(47,997)
Other comprehensive income (loss) before reclassifications	(297,066)		(1,718)		6,383		(1)		(292,402)
Amounts reclassified from accumulated other comprehensive loss to net income	—		4,118		1,043		(13)		5,148
Currency translation	—		(1,197)		—		—		(1,197)
Net current year other comprehensive income (loss)	(297,066)		1,203		7,426		(14)		(288,451)
Balance, end of year	$	(269,825)	$	(1,162)	$	(65,447)	$	(14)	$	(336,448)


	2021
	Gains (Losses) Related to Foreign Currency Translation		Unrealized Losses on Derivative Financial Instruments Classified as Cash Flow Hedges		Losses Related to Pension and Other Postretirement Benefits		Unrealized Holding Gains on Available-for-Sale Securities		Total
	(In thousands)
Balance, beginning of year	$	82,782	$	(1,191)	$	(102,211)	$	—	$	(20,620)
Other comprehensive income (loss) before reclassifications	(55,541)		405		27,598		—		(27,538)
Amounts reclassified from accumulated other comprehensive loss to net income	—		(1,594)		1,740		—		146
Currency translation	—		15		—		—		15
Net current year other comprehensive income (loss)	(55,541)		(1,174)		29,338		—		(27,377)
Balance, end of year	$	27,241	$	(2,365)	$	(72,873)	$	—	$	(47,997)

Schedule of Reclassification from Accumulated Other Comprehensive Loss


Details about Accumulated Other Comprehensive Loss Components	Amount Reclassified from Accumulated Other Comprehensive Loss(a)				Affected Line Item in the Consolidated Statements of Income
	2022		2021
	(In thousands)
Realized gain (loss) on settlement of foreign currency derivatives classified as cash flow hedges	$	(3,193)	$	1,359	Net sales
Realized gain (loss) on settlement of foreign currency derivatives classified as cash flow hedge	(851)		709		Cost of sales
Realized loss on settlement of interest rate swap derivatives classified as cash flow hedges	(98)		(631)		Interest expense, net of capitalized interest
Realized gain on sale of securities	17		—		Interest income
Amortization of pension and other postretirement plan actuarial losses(b)	(1,381)		(2,278)		Miscellaneous, net
Total before tax	(5,506)		(841)
Tax expense	358		695
Total reclassification for the period	$	(5,148)	$	(146)

(a)Positive amounts represent income to the results of operations while amounts in parentheses represent expenses to the results of operations.

(b)These accumulated other comprehensive loss components are included in the computation of net periodic pension cost. See “Note 15. Pension and Other Postretirement Benefits.”