Accumulated Other Comprehensive Loss

5 Months Ended

Feb. 10, 2024

Accumulated Other Comprehensive Loss

Accumulated Other Comprehensive Loss

Note J – 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 February 10, 2024 and February 11, 2023 consisted of the following:

			Net
	Foreign		Unrealized
	Currency		Gain (Loss)
(in thousands)	and Other(1)		on Securities		Derivatives		Total
Balance at November 18, 2023	$	(196,778)	$	(1,556)	$	(12,025)	$	(210,359)
Other comprehensive income before reclassifications(2)(3)		4,339		717		—		5,056
Amounts reclassified from Accumulated other comprehensive loss(3)		—		—		404		404
Balance at February 10, 2024	$	(192,439)	$	(839)	$	(11,621)	$	(204,899)

			Net
	Foreign		Unrealized
	Currency		Gain (Loss)
(in thousands)	and Other(1)		on Securities		Derivatives		Total
Balance at November 19, 2022	$	(276,855)	$	(2,842)	$	(17,568)	$	(297,265)
Other comprehensive income before reclassifications(2)(3)		22,060		548		4,781		27,389
Amounts reclassified from Accumulated other comprehensive loss(3)		—		—		564		564
Balance at February 11, 2023	$	(254,795)	$	(2,294)	$	(12,223)	$	(269,312)

Changes in Accumulated other comprehensive loss for the twenty-four week periods ended February 10, 2024 and February 11, 2023 consisted of the following:

			Net
	Foreign		Unrealized
	Currency		Gain (Loss)
(in thousands)	and Other(1)		on Securities		Derivatives		Total
Balance at August 26, 2023	$	(176,557)	$	(1,851)	$	(12,428)	$	(190,836)
Other comprehensive (loss) income before reclassifications(2)(3)		(15,882)		1,012		—		(14,870)
Amounts reclassified from Accumulated other comprehensive loss(3)		—		—		807		807
Balance at February 10, 2024	$	(192,439)	$	(839)	$	(11,621)	$	(204,899)

			Net
	Foreign		Unrealized
	Currency		Gain (Loss)
(in thousands)	and Other(1)		on Securities		Derivatives		Total
Balance at August 27, 2022	$	(280,190)	$	(2,171)	$	(18,175)	$	(300,536)
Other comprehensive income (loss) before reclassifications(2)(3)		25,395		(123)		4,781		30,053
Amounts reclassified from Accumulated other comprehensive loss(3)		—		—		1,171		1,171
Balance at February 11, 2023	$	(254,795)	$	(2,294)	$	(12,223)	$	(269,312)

(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.