Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Dec. 27, 2025

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 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)

Other comprehensive income before reclassifications	23,847		6,410		2,997		725		33,979
Amounts reclassified from AOCI	—		(4,525)		(10)		—		(4,535)




Balance at December 27, 2025	$	(52,079)	$	1,694	$	(3,295)	$	2,845	$	(50,835)

Reclassification adjustments out of AOCI were as follows:


	Amount reclassified from AOCI
(In thousands)	2025		2024		2023		Affected Line Item

Unrealized gains on derivatives:
Commodity contracts	$	(5,839)	$	(745)	$	(3,109)	Cost of goods sold

	1,314		159		690		Income tax expense

	$	(4,525)	$	(586)	$	(2,419)	Net of tax and noncontrolling interests


Amortization of net loss (gain) and prior service cost on employee benefit plans	$	(22)	$	(260)	$	(451)	Other income (expense), net
	12		57		98		Income tax expense

	$	(10)	$	(203)	$	(353)	Net of tax and noncontrolling interests