Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Dec. 28, 2024

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss)

AOCI includes certain foreign currency translation adjustments from those subsidiaries not using the U.S. dollar as their functional currency, net deferred gains and losses on certain derivative instruments accounted for as cash flow hedges, adjustments to pension and other post-employment benefit liabilities, and other comprehensive income attributable to unconsolidated affiliates.

The following table provides changes in AOCI by component, net of taxes and noncontrolling interest (amounts in parentheses indicate debits to AOCI):

(In thousands)	Cumulative Translation Adjustment		Unrealized Gain (Loss) on Derivatives		Pension/ OPEB Liability Adjustment		Attributable to Unconsol. Affiliates		Total
Balance at December 31, 2022	$	(69,238)	$	1,486	$	1,222	$	2,355	$	(64,175)
Other comprehensive income (loss) before reclassifications	21,162		1,146		(3,499)		917		19,726
Amounts reclassified from AOCI	—		(2,419)		(353)		—		(2,772)
Balance at December 30, 2023	(48,076)		213		(2,630)		3,272		(47,221)
Other comprehensive (loss) income before reclassifications	(27,850)		182		(3,449)		(1,152)		(32,269)
Amounts reclassified from AOCI	—		(586)		(203)		—		(789)
Balance at December 28, 2024	$	(75,926)	$	(191)	$	(6,282)	$	2,120	$	(80,279)

Reclassification adjustments out of AOCI were as follows:

	Amount reclassified from AOCI
(In thousands)	2024		2023		2022		Affected Line Item
Unrealized losses (gains) on derivatives:
Commodity contracts	$	(745)	$	(3,109)	$	9,891	Cost of goods sold
	159		690		(2,225)		Income tax expense (benefit)
	$	(586)	$	(2,419)	$	7,666	Net of tax and noncontrolling interests
Amortization of net loss (gain) and prior service cost on employee benefit plans	$	(260)	$	(451)	$	(1,277)	Other (expense) income, net
	57		98		332		Income tax expense
	$	(203)	$	(353)	$	(945)	Net of tax and noncontrolling interests