v3.25.1
CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE LOSS
 3 Months Ended
Mar. 29, 2025
Equity [Abstract]  
CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE LOSS CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE LOSS
Accumulated Other Comprehensive Loss
The following table presents deferred components of AOCL in equity, net of related taxes:
(In thousands)March 2025December 2024March 2024
Foreign currency translation$(109,432)$(115,505)$(93,580)
Defined benefit pension plans2,094 2,119 2,831 
Derivative financial instruments(7,248)(3,264)22,517 
Accumulated other comprehensive loss$(114,586)$(116,650)$(68,232)
The following tables present changes in AOCL, net of related tax impact:
Three Months Ended March 2025
(In thousands)Foreign Currency TranslationDefined Benefit Pension PlansDerivative Financial InstrumentsTotal
Balance, December 2024$(115,505)$2,119 $(3,264)$(116,650)
Other comprehensive income (loss) due to gains (losses) arising before reclassifications6,073 — (4,923)1,150 
Reclassifications to net income of previously deferred (gains) losses— (25)939 914 
Net other comprehensive income (loss)6,073 (25)(3,984)2,064 
Balance, March 2025$(109,432)$2,094 $(7,248)$(114,586)
Three Months Ended March 2024
(In thousands)Foreign Currency TranslationDefined Benefit Pension PlansDerivative Financial InstrumentsTotal
Balance, December 2023$(91,057)$2,913 $20,293 $(67,851)
Other comprehensive income (loss) due to gains (losses) arising before reclassifications(2,523)— 9,688 7,165 
Reclassifications to net income of previously deferred (gains) losses— (82)(7,464)(7,546)
Net other comprehensive income (loss)(2,523)(82)2,224 (381)
Balance, March 2024$(93,580)$2,831 $22,517 $(68,232)
The following table presents reclassifications out of AOCL:
(In thousands)Three Months Ended March
Details About Accumulated Other Comprehensive Loss ReclassificationsAffected Line Item in the Financial Statements
20252024
Defined benefit pension plans:
Net change in deferred gains (losses) during the periodSelling, general and administrative expenses$33 $93 
Total before tax33 93 
Income taxesIncome taxes(8)(11)
Net of tax25 82 
Gains (losses) on derivative financial instruments:
Foreign currency exchange contractsNet revenues$(811)$53 
Foreign currency exchange contractsCost of goods sold(489)5,291 
Foreign currency exchange contractsOther expense, net176 82 
Interest rate swap agreementsInterest expense419 2,731 
Total before tax(705)8,157 
Income taxesIncome taxes(234)(693)
Net of tax(939)7,464 
Total reclassifications for the period, net of tax$(914)$7,546