Accumulated Other Comprehensive Loss

8 Months Ended

May 07, 2022

Equity

Accumulated Other Comprehensive Loss

Note H – Accumulated Other Comprehensive Loss

Accumulated other comprehensive loss includes foreign currency translation adjustments, activity for interest rate swaps and treasury rate locks that qualified as cash flow hedges and unrealized gains (losses) on available-for-sale marketable debt securities.

Changes in Accumulated other comprehensive loss for the twelve week periods ended May 7, 2022 and May 8, 2021 consisted of the following:

			Net
	Foreign		Unrealized
	Currency and		Gain (Loss)
(in thousands)	Other(1)		on Securities		Derivatives		Total
Balance at February 12, 2022	$	(289,889)	$	(711)	$	(19,563)	$	(310,163)
Other comprehensive income (loss) before reclassifications(2)(3)		8,531		(1,138)		—		7,393
Amounts reclassified from Accumulated other comprehensive loss(3)		—		—		579		579
Balance at May 7, 2022	$	(281,358)	$	(1,849)	$	(18,984)	$	(302,191)

			Net
	Foreign		Unrealized
	Currency and		Gain (Loss)
(in thousands)	Other(1)		on Securities		Derivatives		Total
Balance at February 13, 2021	$	(279,725)	$	1,344	$	(22,458)	$	(300,839)
Other comprehensive (loss) before reclassifications(2)(3)		(3,865)		(346)		—		(4,211)
Amounts reclassified from Accumulated other comprehensive loss(3)		—		9		659		668
Balance at May 8, 2021	$	(283,590)	$	1,007	$	(21,799)	$	(304,382)

Changes in Accumulated other comprehensive loss for the thirty-six week periods ended May 7, 2022 and May 8, 2021 consisted of the following:

			Net
	Foreign		Unrealized
	Currency and		Gain (Loss)
(in thousands)	Other(1)		on Securities		Derivatives		Total
Balance at August 28, 2021	$	(287,638)	$	589	$	(20,937)	$	(307,986)
Other comprehensive income (loss) before reclassifications(2)(3)		6,280		(2,438)		—		3,842
Amounts reclassified from Accumulated other comprehensive loss(3)		—		—		1,953		1,953
Balance at May 7, 2022	$	(281,358)	$	(1,849)	$	(18,984)	$	(302,191)

			Net
	Foreign		Unrealized
	Currency and		Gain (Loss)
(in thousands)	Other(1)		on Securities		Derivatives		Total
Balance at August 29, 2020	$	(332,321)	$	1,845	$	(23,776)	$	(354,252)
Other comprehensive income (loss) before reclassifications(2)(3)		48,731		(861)		—		47,870
Amounts reclassified from Accumulated other comprehensive loss (3)		—		23		1,977		2,000
Balance at May 8, 2021	$	(283,590)	$	1,007	$	(21,799)	$	(304,382)

(1) Foreign currency is shown net of U.S. tax to account for foreign currency impacts of certain undistributed non-U.S. subsidiaries’ earnings. Other foreign currency is not shown net of additional U.S. tax as other basis differences of non-U.S. subsidiaries are intended to be permanently reinvested.

(2) Amounts in parentheses indicate debits to Accumulated Other Comprehensive Loss.

(3) Amounts shown are net of tax.