Accumulated Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jun. 29, 2024

Schedule of Changes in AOCI by Component, Net of Taxes and Noncontrolling Interest

The following tables provide changes in AOCI by component, net of taxes and noncontrolling interests (amounts in parentheses indicate debits to AOCI):


	For the Six Months Ended June 29, 2024
(In thousands)	Cumulative Translation Adjustment		Unrealized Gain (Loss) on Derivatives		Pension/OPEB Liability Adjustment		Attributable to Unconsol. Affiliates		Total

Balance as of December 30, 2023	$	(48,076)	$	213	$	(2,630)	$	3,272	$	(47,221)

Other comprehensive (loss) income before reclassifications	(10,882)		1,151		37		(1,583)		(11,277)
Amounts reclassified from AOCI	—		(1,570)		(94)		—		(1,664)

Net current-period other comprehensive loss	(10,882)		(419)		(57)		(1,583)		(12,941)


Balance as of June 29, 2024	$	(58,958)	$	(206)	$	(2,687)	$	1,689	$	(60,162)


	For the Six Months Ended July 1, 2023
(In thousands)	Cumulative Translation Adjustment		Unrealized Gain (Loss) on Derivatives		Pension/OPEB Liability Adjustment		Attributable to Unconsol. Affiliates		Total

Balance as of December 31, 2022	$	(69,238)	$	1,486	$	1,222	$	2,355	$	(64,175)

Other comprehensive income before reclassifications	18,012		1,006		148		1,638		20,804
Amounts reclassified from AOCI	—		(2,731)		(147)		—		(2,878)

Net current-period other comprehensive income (loss)	18,012		(1,725)		1		1,638		17,926


Balance as of July 1, 2023	$	(51,226)	$	(239)	$	1,223	$	3,993	$	(46,249)

Schedule of Reclassification Adjustments Out of AOCI

Reclassification adjustments out of AOCI were as follows:


	Amount reclassified from AOCI
	For the Quarter Ended				For the Six Months Ended
(In thousands)	June 29, 2024		July 1, 2023		June 29, 2024		July 1, 2023		Affected line item

Unrealized gains on derivative commodity contracts	$	(1,531)	$	(960)	$	(2,014)	$	(3,511)	Cost of goods sold

	334		218		444		780		Income tax expense

	$	(1,197)	$	(742)	$	(1,570)	$	(2,731)	Net of tax and noncontrolling interests

Amortization of net (gain) loss and prior service (credit) cost on employee benefit plans	$	(67)	$	(99)	$	(132)	$	(197)	Other (expense) income, net
	19		25		38		50		Income tax expense

	$	(48)	$	(74)	$	(94)	$	(147)	Net of tax and noncontrolling interests