Accumulated Other Comprehensive Income/(Loss) (Tables)

6 Months Ended

Jun. 29, 2025

Schedule of Components of Accumulated Other Comprehensive Income/(Loss)

The following table summarizes the components of accumulated other comprehensive income/(loss) and the changes in the balances of each component of accumulated other comprehensive income/(loss), net of tax as applicable, for the six-month periods ended June 29, 2025 and June 30, 2024:


	Foreign Currency Items		Defined Benefit Pension Items		Gains and Losses on Cash Flow Hedges		Accumulated Other Comprehensive Income/(Loss)

Balance at December 31, 2024	$	(410,931)	$	(90,613)	$	(1,190)	$	(502,734)
Other comprehensive income before reclassifications	461,790		2,032		4,246		468,068
Amounts reclassified from accumulated other comprehensive income/(loss) to net income	51,747		1,447		(1,165)		52,029

Other comprehensive income	513,537		3,479		3,081		520,097

Balance at June 29, 2025	$	102,606	$	(87,134)	$	1,891	$	17,363

Balance at December 31, 2023	$	(267,578)	$	(99,627)	$	943	$	(366,262)
Other comprehensive loss before reclassifications	(55,598)		(181)		(1,124)		(56,903)
Amounts reclassified from accumulated other comprehensive income/(loss) to net income	2,913		2,303		(368)		4,848

Other comprehensive (loss)/income	(52,685)		2,122		(1,492)		(52,055)

Balance at June 30, 2024	$	(320,263)	$	(97,505)	$	(549)	$	(418,317)

Schedule of Effects on Net Income of Significant Amounts Reclassified from Accumulated Other Comprehensive Income/(Loss)

The following table summarizes the effects on net income of significant amounts reclassified from each component of accumulated other comprehensive income/(loss) for the three- and six-month periods ended June 29, 2025 and June 30, 2024:


	Amount Reclassified from Accumulated Other Comprehensive Income/(Loss)
	Three Months Ended				Six Months Ended
Details about Accumulated Other Comprehensive Income/(Loss) Components	June 29, 2025		June 30, 2024		June 29, 2025		June 30, 2024		Affected Line Item in the Condensed Consolidated Statements of Income
Foreign currency items
Currency translation adjustment loss on TFP sale(a)	$	(47,955)	$	—	$	(47,955)	$	—	Net income from discontinued operations
Currency translation adjustment loss on Venezuela sale(a)	—		—		(3,792)		—		(Loss)/Gain on divestiture of business
Currency translation adjustment loss on Protexic sale(a)	—		(2,913)		—		(2,913)		(Loss)/Gain on divestiture of business
	(47,955)		(2,913)		(51,747)		(2,913)		Net income
Gains/(losses) on cash flow hedges
Foreign exchange contracts(b)	1,368		230		1,767		666		Net sales
Foreign exchange contracts(b)	(151)		(64)		(192)		(139)		Cost of sales

	1,217		166		1,575		527		Income from continuing operations before income taxes
Income tax impact	(319)		(147)		(410)		(159)		Provision for income taxes
	898		19		1,165		368		Net income
Defined benefit pension items


Effect of settlement loss(c)	—		(511)		—		(511)		Non-operating pension costs
Amortization of defined benefit pension items(c)	(842)		(1,199)		(1,898)		(2,429)		Non-operating pension costs
	(842)		(1,710)		(1,898)		(2,940)		Income from continuing operations before income taxes
Income tax impact	204		382		451		637		Provision for income taxes
	(638)		(1,328)		(1,447)		(2,303)		Net income
Total reclassifications for the period	$	(47,695)	$	(4,222)	$	(52,029)	$	(4,848)	Net income

(a) See Note 4 for additional details.

(b) See Note 11 for additional details.

Schedule of Before and After Tax Amounts for Comprehensive Income (Loss) Components

The following table summarizes the before and after tax amounts for the various components of other comprehensive income/(loss) for the three-month periods ended June 29, 2025 and June 30, 2024:


	Three Months Ended June 29, 2025						Three Months Ended June 30, 2024
	Before Tax Amount		Tax (Expense) Benefit		After Tax Amount		Before Tax Amount		Tax (Expense) Benefit		After Tax Amount
Foreign currency items:
Net other comprehensive income/(loss) from foreign currency items	$	241,272	$	48,446	$	289,718	$	(35,280)	$	(999)	$	(36,279)
Amounts reclassified from accumulated other comprehensive income/(loss) to net income(a)	47,955		—		47,955		2,913		—		2,913
Net other comprehensive income/(loss) from foreign currency items	289,227		48,446		337,673		(32,367)		(999)		(33,366)
Defined benefit pension items:
Other comprehensive income/(loss) before reclassifications	3,025		(728)		2,297		671		80		751
Amounts reclassified from accumulated other comprehensive income/(loss) to net income(b)	842		(204)		638		1,710		(382)		1,328
Net other comprehensive income/(loss) from defined benefit pension items	3,867		(932)		2,935		2,381		(302)		2,079
Gains and losses on cash flow hedges:
Other comprehensive income/(loss) before reclassifications	2,528		(306)		2,222		(2,144)		502		(1,642)
Amounts reclassified from accumulated other comprehensive income/(loss) to net income(c)	(1,217)		319		(898)		(166)		147		(19)

Net other comprehensive income/(loss) from cash flow hedges	1,311		13		1,324		(2,310)		649		(1,661)
Other comprehensive income/(loss)	$	294,405	$	47,527	$	341,932	$	(32,296)	$	(652)	$	(32,948)

(a) See Note 4 for additional details.

(b) See Note 13 for additional details.

The following table summarizes the before and after tax amounts for the various components of other comprehensive income/(loss) for the six-month periods ended June 29, 2025 and June 30, 2024:


	Six Months Ended June 29, 2025						Six Months Ended June 30, 2024
	Before Tax Amount		Tax (Expense) Benefit		After Tax Amount		Before Tax Amount		Tax (Expense) Benefit		After Tax Amount
Foreign currency items:
Net other comprehensive income/(loss) from foreign currency items	$	403,100	$	58,690	$	461,790	$	(52,068)	$	(3,530)	$	(55,598)
Amounts reclassified from accumulated other comprehensive income/(loss) to net income(a)	51,747		—		51,747		2,913		—		2,913
Net other comprehensive income/(loss) from foreign currency items	454,847		58,690		513,537		(49,155)		(3,530)		(52,685)
Defined benefit pension items:
Other comprehensive income/(loss) before reclassifications	2,679		(647)		$	2,032	(205)		24		(181)
Amounts reclassified from accumulated other comprehensive income/(loss) to net income(b)	1,898		(451)		1,447		2,940		(637)		2,303
Net other comprehensive (loss)/income from defined benefit pension items	4,577		(1,098)		3,479		2,735		(613)		2,122
Gains and losses on cash flow hedges:
Other comprehensive (loss)/income before reclassifications	5,243		(997)		$	4,246	(1,608)		484		(1,124)
Amounts reclassified from accumulated other comprehensive income/(loss) to net income(c)	(1,575)		410		(1,165)		(527)		159		(368)

Net other comprehensive income/(loss) from cash flow hedges	3,668		(587)		3,081		(2,135)		643		(1,492)
Other comprehensive income/(loss)	$	463,092	$	57,005	$	520,097	$	(48,555)	$	(3,500)	$	(52,055)

(a) See Note 3 for additional details.

(b) See Note 12 for additional details.