Other Comprehensive Income (Loss)

6 Months Ended

Jun. 28, 2025

Changes in other comprehensive income (loss) by component were as follows:


(in thousands)	Three Months Ended June 28, 2025						Three Months Ended June 29, 2024
	Pre-tax		Tax		Net of Tax		Pre-tax		Tax		Net of Tax
Defined benefit pension plan and other adjustments	$	151	$	33	$	184	$	336	$	(10)	$	326
Cash flow hedges	5,839		(9)		5,830		(23)		5		(18)
Foreign currency translation adjustments (a)	94,433		(2,534)		91,899		(21,542)		167		(21,375)
Total change in other comprehensive income (loss)	$	100,423	$	(2,510)	$	97,913	$	(21,229)	$	162	$	(21,067)

(in thousands)	Six Months Ended June 28, 2025						Six Months Ended June 29, 2024
	Pre-tax		Tax		Net of Tax		Pre-tax		Tax		Net of Tax
Defined benefit pension plan and other adjustments	$	378	$	25	$	403	$	696	$	(26)	$	670
Cash flow hedges	5,963		455		6,418		2,511		(603)		1,908
Foreign currency translation adjustments (a)	132,101		(3,412)		128,689		(54,712)		776		(53,936)
Total change in other comprehensive income (loss)	$	138,442	$	(2,932)	$	135,510	$	(51,505)	$	147	$	(51,358)

(a) The tax shown above within foreign currency translation adjustments is the U.S. tax associated with the foreign currency translation adjustments of earnings of non-U.S. subsidiaries which have been previously taxed in the U.S. and are not permanently reinvested.

The following tables set forth the changes in the components of accumulated other comprehensive income (loss) by component for the six months ended June 28, 2025 and June 29, 2024:


(in thousands)	Pension and postretirement liability and reclassification adjustments		Cash flow hedges		Foreign currency translation adjustments		Accumulated other comprehensive (loss) income
Balance at December 28, 2024	$	(10,509)	$	1,301	$	(137,153)	$	(146,361)

Activity in the period	403		6,418		128,689		135,510
Balance at June 28, 2025	$	(10,106)	$	7,719	$	(8,464)	$	(10,851)


(in thousands)	Pension and postretirement liability and reclassification adjustments		Cash flow hedges		Foreign currency translation adjustments		Accumulated other comprehensive loss
Balance at December 30, 2023	$	(7,613)	$	4,448	$	(52,652)	$	(55,817)

Activity in the period	670		1,908		(53,936)		(51,358)
Balance at June 29, 2024	$	(6,943)	$	6,356	$	(106,588)	$	(107,175)

Amounts reclassified from accumulated other comprehensive income (loss) to earnings for the three and six months ended June 28, 2025 and June 29, 2024 were as follows:


	Three Months Ended				Six Months Ended
(in thousands)	June 28, 2025		June 29, 2024		June 28, 2025		June 29, 2024
Pension and postemployment plans:
Amortization of prior service and net actuarial loss, and other	$	470	$	347	$	891	$	703

The Company recognizes the amortization of prior service costs in Other income, net within the Condensed Consolidated Statements of Net Income.