STOCKHOLDERS' EQUITY (Tables)

12 Months Ended

Dec. 29, 2024

Schedule of Changes in Accumulated Other Comprehensive Loss

The following tables provide information regarding the changes in AOCL during 2024 and 2023:


	2024
	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		Losses on Available-for-Sale Securities		Total
	(In thousands)
Balance, beginning of year	$	(114,850)	$	(1,914)	$	(59,714)	$	(5)	$	(176,483)
Other comprehensive income (loss) before reclassifications	(222,393)		1,767		12,062		45		(208,519)
Amounts reclassified from accumulated other comprehensive loss to net income	—		(1,849)		17,000		(62)		15,089
Currency translation	—		(11)		(376)		—		(387)
Net current year other comprehensive income (loss)	(222,393)		(93)		28,686		(17)		(193,817)
Balance, end of year	$	(337,243)	$	(2,007)	$	(31,028)	$	(22)	$	(370,300)


	2023
	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	$	(269,825)	$	(1,162)	$	(65,447)	$	(14)	$	(336,448)
Other comprehensive income (loss) before reclassifications	154,975		(2,579)		5,437		(124)		157,709
Amounts reclassified from accumulated other comprehensive loss to net income	—		1,813		807		133		2,753
Currency translation	—		14		(511)		—		(497)
Net current year other comprehensive income (loss)	154,975		(752)		5,733		9		159,965
Balance, end of year	$	(114,850)	$	(1,914)	$	(59,714)	$	(5)	$	(176,483)

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
	2024		2023
	(In thousands)
Realized gain (loss) on settlement of foreign currency derivatives classified as cash flow hedges	$	1,367	$	(1,816)	Net sales
Realized gain (loss) on settlement of foreign currency derivatives classified as cash flow hedge	482		3		Cost of sales

Realized gain (loss) on sale of securities	82		(175)		Interest income
Realized loss on settlement of pension obligation from plan termination(b)	(21,714)		—		Miscellaneous, net
Amortization of pension and other postretirement plan actuarial losses(b)	(816)		(1,065)		Miscellaneous, net
Total before tax	(20,599)		(3,053)
Tax benefit	5,510		300
Total reclassification for the period	$	(15,089)	$	(2,753)

(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.”