v3.25.2
Accumulated Other Comprehensive Loss
 6 Months Ended
Jun. 28, 2025
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Loss Accumulated Other Comprehensive Loss
The components of accumulated other comprehensive loss (“AOCI”) are as follows:
Cumulative Translation AdjustmentCash Flow HedgesDefined Benefit PlansIncome TaxesAccumulated Other Comprehensive Loss
Balance at March 29, 2025$(323,204)$2,388 $(386,942)$145,299 $(562,459)
Amounts reclassified from accumulated other comprehensive loss
— (2,118)3,575 681 2,138 
Current-period other comprehensive income (loss) activity37,775 (2,996)(58)973 35,694 
Total other comprehensive income (loss)37,775 (5,114)3,517 1,654 37,832 
Balance at June 28, 2025$(285,429)$(2,726)$(383,425)$146,953 $(524,627)

Cumulative Translation AdjustmentCash Flow HedgesDefined Benefit PlansIncome TaxesAccumulated Other Comprehensive Loss
Balance at December 28, 2024$(334,306)$2,595 $(390,521)$145,010 $(577,222)
Amounts reclassified from accumulated other comprehensive loss
— (1,768)7,169 835 6,236 
Current-period other comprehensive income (loss) activity
48,877 (3,553)(73)1,108 46,359 
Total other comprehensive income (loss)48,877 (5,321)7,096 1,943 52,595 
Balance at June 28, 2025$(285,429)$(2,726)$(383,425)$146,953 $(524,627)
Cumulative Translation Adjustment(1)
Cash Flow HedgesDefined Benefit PlansIncome TaxesAccumulated Other Comprehensive Loss
Balance at March 30, 2024$(271,502)$5,168 $(415,824)$146,285 $(535,873)
Amounts reclassified from accumulated other comprehensive loss
— (2,525)5,459 94 3,028 
Current-period other comprehensive income activity9,839 3,138 47 230 13,254 
Total other comprehensive income9,839 613 5,506 324 16,282 
Balance at June 29, 2024$(261,663)$5,781 $(410,318)$146,609 $(519,591)
Cumulative Translation Adjustment(1)
Cash Flow HedgesDefined Benefit PlansIncome TaxesAccumulated Other Comprehensive Loss
Balance at December 30, 2023$(213,482)$(5,967)$(419,835)$146,973 $(492,311)
Amounts reclassified from accumulated other comprehensive loss
— (7,164)9,388 1,126 3,350 
Current-period other comprehensive income (loss) activity
(48,181)18,912 129 (1,490)(30,630)
Total other comprehensive income (loss)(48,181)11,748 9,517 (364)(27,280)
Balance at June 29, 2024$(261,663)$5,781 $(410,318)$146,609 $(519,591)
(1)Cumulative Translation Adjustment includes translation adjustments and net investment hedges. See Note “Financial Instruments and Risk Management” for additional disclosures about net investment hedges.
The Company had the following reclassifications out of AOCI:
Component of AOCI Location of Reclassification from AOCIAmount of Reclassification from AOCI into Net Income (Loss)
Quarters EndedSix Months Ended
June 28,
2025		June 29,
2024		June 28,
2025		June 29,
2024
Gain on forward foreign exchange contracts designated as cash flow hedgesCost of sales$2,545 $277 $2,896 $1,866 
Income tax(684)(74)(730)(602)
Loss from discontinued operations, net of tax— 156 21 844 
Net of tax1,861 359 2,187 2,108 
Gain (loss) on interest rate contracts designated as cash flow hedgesInterest expense, net(427)2,062 (1,150)4,158 
Income tax— — — — 
Net of tax(427)2,062 (1,150)4,158 
Amortization of deferred actuarial loss and prior service cost and settlement costOther expenses(3,575)(5,459)(7,169)(9,388)
Income tax3 10 (104)(228)
Net of tax(3,572)(5,449)(7,273)(9,616)
Total reclassifications$(2,138)$(3,028)$(6,236)$(3,350)