Other Comprehensive Income (Loss)

9 Months Ended

Sep. 27, 2025

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


(in thousands)	Three Months Ended September 27, 2025						Three Months Ended September 28, 2024
	Pre-tax		Tax		Net of Tax		Pre-tax		Tax		Net of Tax
Defined benefit pension plan and other adjustments	$	662	$	4	$	666	$	205	$	(14)	$	191
Cash flow hedges	758		88		846		(9,860)		1,563		(8,297)
Foreign currency translation adjustments (a)	(5,297)		248		(5,049)		66,331		(1,832)		64,499
Total change in other comprehensive income (loss)	$	(3,877)	$	340	$	(3,537)	$	56,676	$	(283)	$	56,393

(in thousands)	Nine Months Ended September 27, 2025						Nine Months Ended September 28, 2024
	Pre-tax		Tax		Net of Tax		Pre-tax		Tax		Net of Tax
Defined benefit pension plan and other adjustments	$	1,040	$	29	$	1,069	$	901	$	(40)	$	861
Cash flow hedges	6,721		543		7,264		(7,349)		960		(6,389)
Foreign currency translation adjustments (a)	126,804		(3,164)		123,640		11,619		(1,056)		10,563
Total change in other comprehensive income (loss)	$	134,565	$	(2,592)	$	131,973	$	5,171	$	(136)	$	5,035

(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 nine months ended September 27, 2025 and September 28, 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	1,069		7,264		123,640		131,973
Balance at September 27, 2025	$	(9,440)	$	8,565	$	(13,513)	$	(14,388)


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

Activity in the period	861		(6,389)		10,563		5,035
Balance at September 28, 2024	$	(6,752)	$	(1,941)	$	(42,089)	$	(50,782)

Amounts reclassified from accumulated other comprehensive income (loss) to earnings for the three and nine months ended September 27, 2025 and September 28, 2024 were as follows:


	Three Months Ended				Nine Months Ended
(in thousands)	September 27, 2025		September 28, 2024		September 27, 2025		September 28, 2024
Pension and postemployment plans:
Amortization of prior service and net actuarial loss, and other	$	490	$	323	$	1,381	$	1,026

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