Schedule of Accumulated Other Comprehensive Loss |
The following tables present the changes in the balances of each component of AOCL including reclassifications out of AOCL for the six months ended July 4, 2025 and June 28, 2024. All amounts are net of tax and noncontrolling interest, if any. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Accumulated Other Comprehensive Loss Components | | Net Unrecognized Pension and Other Post-Retirement Benefit Cost | | Foreign Currency Translation Adjustment | | Net Investment Hedges | | Cash Flow Hedges | | Total | | (In thousands) | Balance at December 31, 2024 | $ | (50,352) | | | $ | (679,791) | | | $ | (1,247) | | | $ | 1,816 | | | $ | (729,574) | | Other comprehensive (loss) income before reclassifications: | | | | | | | | | | Net actuarial loss | 48 | | | — | | | — | | | — | | | 48 | | Foreign currency translation adjustment | (421) | | | 94,613 | | | (15,371) | | | — | | | 78,821 | | Gain on long-term intra-entity foreign currency transactions | — | | | 391 | | | — | | | — | | | 391 | | Unrealized gain on cash flow hedges | — | | | — | | | — | | | 16 | | | 16 | | Other comprehensive (loss) income before reclassifications | (373) | | | 95,004 | | | (15,371) | | | 16 | | | 79,276 | | Amounts reclassified from Accumulated other comprehensive loss(1)(2) | 273 | | | — | | | — | | | (1,832) | | | (1,559) | | Net current period Other comprehensive (loss) income | (100) | | | 95,004 | | | (15,371) | | | (1,816) | | | 77,717 | | Balance at April 4, 2025 | (50,452) | | | (584,787) | | | (16,618) | | | — | | | (651,857) | | Other comprehensive (loss) income before reclassifications: | | | | | | | | | | | | | | | | | | | | Foreign currency translation adjustment | (431) | | | 117,446 | | | (25,027) | | | — | | | 91,988 | | Gain on long-term intra-entity foreign currency transactions | — | | | 9,968 | | | — | | | — | | | 9,968 | | | | | | | | | | | | Other comprehensive (loss) income before reclassifications | (431) | | | 127,414 | | | (25,027) | | | — | | | 101,956 | | Amounts reclassified from Accumulated other comprehensive loss(1)(2) | 202 | | | — | | | — | | | — | | | 202 | | Net current period Other comprehensive (loss) income | (229) | | | 127,414 | | | (25,027) | | | — | | | 102,158 | | Balance at July 4, 2025 | $ | (50,681) | | | $ | (457,373) | | | $ | (41,645) | | | $ | — | | | $ | (549,699) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
(1) The amounts on this line within the Net Unrecognized Pension and Other Post-Retirement Benefit Cost column are included in the computation of net periodic benefit cost. (2) The amount within the Cash Flow Hedges column is a component of Interest expense and other, net. See Note 11, “Derivatives” for additional details. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Accumulated Other Comprehensive Loss Components | | Net Unrecognized Pension and Other Post-Retirement Benefit Cost | | Foreign Currency Translation Adjustment | | Net Investment Hedges | | Cash Flow Hedges | | Total | | (In thousands) | Balance at December 31, 2023 | $ | (59,805) | | | $ | (554,622) | | | $ | (17,215) | | | $ | 7,370 | | | $ | (624,272) | | Other comprehensive income (loss) before reclassifications: | | | | | | | | | | | | | | | | | | | | Foreign currency translation adjustment | 243 | | | (38,265) | | | 4,995 | | | — | | | (33,027) | | Gain on long-term intra-entity foreign currency transactions | — | | | 7,996 | | | — | | | — | | | 7,996 | | Unrealized gain on cash flow hedges | — | | | — | | | — | | | 3,920 | | | 3,920 | | Other comprehensive income (loss) before reclassifications | 243 | | | (30,269) | | | 4,995 | | | 3,920 | | | (21,111) | | Amounts reclassified from Accumulated other comprehensive loss(1)(2) | 629 | | | — | | | — | | | (2,907) | | | (2,278) | | Net current period Other comprehensive income (loss) | 872 | | | (30,269) | | | 4,995 | | | 1,013 | | | (23,389) | | Balance at March 29, 2024 | (58,933) | | | (584,891) | | | (12,220) | | | 8,383 | | | (647,661) | | Other comprehensive income (loss) before reclassifications: | | | | | | | | | | | | | | | | | | | | Foreign currency translation adjustment | 6 | | | (23,042) | | | 686 | | | — | | | (22,350) | | Gain on long-term intra-entity foreign currency transactions | — | | | 8,162 | | | — | | | — | | | 8,162 | | Unrealized gain on cash flow hedges | — | | | — | | | — | | | 811 | | | 811 | | Other comprehensive income (loss) before reclassifications | 6 | | | (14,880) | | | 686 | | | 811 | | | (13,377) | | Amounts reclassified from Accumulated other comprehensive loss(1)(2) | 327 | | | — | | | — | | | (2,662) | | | (2,335) | | Net current period Other comprehensive income (loss) | 333 | | | (14,880) | | | 686 | | | (1,851) | | | (15,712) | | Balance at June 28, 2024 | $ | (58,600) | | | $ | (599,771) | | | $ | (11,534) | | | $ | 6,532 | | | $ | (663,373) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
(1) The amounts on this line within the Net Unrecognized Pension and Other Post-Retirement Benefit Cost column are included in the computation of net periodic benefit cost. (2) The amount within the Cash Flow Hedges column is a component of Interest expense and other, net. See Note 11, “Derivatives” for additional details.
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