Accumulated Other Comprehensive Loss (Tables)

6 Months Ended

Jun. 01, 2025

The following is a summary of the components of "Accumulated other comprehensive loss," net of related income taxes:


	Three Months Ended June 1, 2025
	Pension and Postretirement Benefits(1)		Translation Adjustments
			Derivative Instruments(2)		Foreign Currency Translation		Total

	(Dollars in millions)
Accumulated other comprehensive loss at March 2, 2025	$	(139.9)	$	2.4	$	(289.7)		$	(427.2)
Other comprehensive (loss) income before reclassifications	(0.2)		(58.7)		74.7			15.8
Amounts reclassified from accumulated other comprehensive loss	1.7		(3.4)		—			(1.7)
Net increase (decrease) in other comprehensive (loss) income	1.5		(62.1)		74.7			14.1
Accumulated other comprehensive loss at June 1, 2025	$	(138.4)	$	(59.7)	$	(215.0)		$	(413.1)


	Six Months Ended June 1, 2025
	Pension and Postretirement Benefits(1)		Translation Adjustments
			Derivative Instruments(2)		Foreign Currency Translation		Total

	(Dollars in millions)
Accumulated other comprehensive loss at December 1, 2024	$	(141.2)	$	(9.0)	$	(284.3)		$	(434.5)
Other comprehensive (loss) income before reclassifications	(0.7)		(49.7)		69.3			$	18.9
Amounts reclassified from accumulated other comprehensive loss	3.5		(1.0)		—			$	2.5
Net increase (decrease) in other comprehensive (loss) income	2.8		(50.7)		69.3			21.4
Accumulated other comprehensive loss at June 1, 2025	$	(138.4)	$	(59.7)	$	(215.0)		$	(413.1)

___________

(1)Amounts reclassified were recorded in “Other income (expense), net”.

(2)Amounts reclassified were recorded within “Net revenues” and “Cost of goods sold”. For more information, refer to Note 4.


	Three Months Ended May 26, 2024
	Pension and Postretirement Benefits(1)		Translation Adjustments
			Derivative Instruments(2)		Foreign Currency Translation		Total

	(Dollars in millions)
Accumulated other comprehensive loss at February 25, 2024	$	(151.7)	$	(30.3)	$	(201.3)	$	(383.3)
Other comprehensive (loss) income before reclassifications	(0.9)		(3.6)		4.0		(0.5)
Amounts reclassified from accumulated other comprehensive loss	2.4		6.7		—		9.1
Net increase (decrease) in other comprehensive income (loss)	1.5		3.1		4.0		8.6
Accumulated other comprehensive loss at May 26, 2024	$	(150.2)	$	(27.2)	$	(197.3)	$	(374.7)


	Six Months Ended May 26, 2024
	Pension and Postretirement Benefits(1)		Translation Adjustments
			Derivative Instruments(2)		Foreign Currency Translation		Total

	(Dollars in millions)
Accumulated other comprehensive loss at November 26, 2023	$	(153.2)	$	(42.0)	$	(195.7)	$	(390.9)
Other comprehensive (loss) income before reclassifications	(1.4)		(3.2)		(1.6)		(6.2)
Amounts reclassified from accumulated other comprehensive loss	4.4		18.0		—		22.4
Net increase (decrease) in other comprehensive (loss) income	3.0		14.8		(1.6)		16.2
Accumulated other comprehensive loss at May 26, 2024	$	(150.2)	$	(27.2)	$	(197.3)	$	(374.7)

_____________

(1)Amounts reclassified were recorded in “Other income (expense), net”.

(2)Amounts reclassified were recorded within “Net revenues” and “Cost of goods sold”. For more information, refer to Note 4.