Accumulated Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Sep. 28, 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 Nine Months Ended September 28, 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	(5,180)		2,080		(239)		(1,493)		(4,832)
Amounts reclassified from AOCI	—		(1,039)		(141)		—		(1,180)

Net current-period other comprehensive (loss) income	(5,180)		1,041		(380)		(1,493)		(6,012)


Balance as of September 28, 2024	$	(53,256)	$	1,254	$	(3,010)	$	1,779	$	(53,233)


	For the Nine Months Ended September 30, 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	8,654		1,147		221		1,860		11,882
Amounts reclassified from AOCI	—		(2,548)		(220)		—		(2,768)

Net current-period other comprehensive income (loss)	8,654		(1,401)		1		1,860		9,114


Balance as of September 30, 2023	$	(60,584)	$	85	$	1,223	$	4,215	$	(55,061)

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 Nine Months Ended
(In thousands)	September 28, 2024		September 30, 2023		September 28, 2024		September 30, 2023		Affected line item

Unrealized losses (gains) on derivative commodity contracts	$	685	$	236	$	(1,329)	$	(3,275)	Cost of goods sold

	(154)		(53)		290		727		Income tax (benefit) expense

	$	531	$	183	$	(1,039)	$	(2,548)	Net of tax and noncontrolling interests

Amortization of net (gain) loss and prior service (credit) cost on employee benefit plans	$	(67)	$	(99)	$	(199)	$	(296)	Other (expense) income, net
	20		26		58		76		Income tax expense

	$	(47)	$	(73)	$	(141)	$	(220)	Net of tax and noncontrolling interests