v3.26.1
Accumulated Other Comprehensive Income (Loss)
 3 Months Ended
Apr. 03, 2026
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss) Accumulated Other Comprehensive Income (Loss)
Changes in the components of accumulated other comprehensive income, including the amounts reclassified, for the first quarter of 2026 and 2025 are as follows:
Gains and Losses on Cash Flow Hedges
(Thousands)Foreign CurrencyInterest RatePrecious MetalsTotalPension and Post-Employment BenefitsForeign Currency TranslationTotal
Balance at December 31, 2025$1,406 $899 $2 $2,307 $(52,441)$(447)$(50,581)
Other comprehensive income (loss) before reclassifications7 374 — 381 — (1,365)(984)
Amounts reclassified from accumulated other comprehensive income (loss)2 (484)— (482)195 (287)
Net current period other comprehensive (loss) income before tax9 (110)— (101)195 (1,365)(1,271)
Deferred taxes2 (25)— (23)41 — 18 
Net current period other comprehensive (loss) income after tax7 (85)— (78)154 (1,365)(1,289)
Balance at April 3, 2026$1,413 $814 $2 $2,229 $(52,287)$(1,812)$(51,870)
Balance at December 31, 2024$1,638 $3,545 $2 $5,185 $(54,702)$(11,529)$(61,046)
Other comprehensive (loss) income before reclassifications(279)(686)— (965)1,553 3,628 4,216 
Amounts reclassified from accumulated other comprehensive income (loss)(34)(763)— (797)(103)— (900)
Net current period other comprehensive (loss) income before tax(313)(1,449)— (1,762)1,450 3,628 3,316 
Deferred taxes(72)(334)— (406)375 — (31)
Net current period other comprehensive (loss) income after tax(241)(1,115)— (1,356)1,075 3,628 3,347 
Balance at March 28, 2025$1,397 $2,430 $2 $3,829 $(53,627)$(7,901)$(57,699)

Reclassifications from accumulated other comprehensive income (loss) of gains and losses on foreign currency cash flow hedges are recorded in Net sales in the Consolidated Statements of Income (Loss). Reclassifications from accumulated other comprehensive income (loss) of gains and losses on commodity and cash flow hedges are recorded in Cost of sales in the Consolidated Statements of Income. Reclassifications from accumulated other comprehensive income (loss) of gains and losses on the interest rate cash flow hedge is recorded in Interest expense in the Consolidated Statements of Income. Refer to Note O for additional details on cash flow hedges.
Reclassifications from accumulated other comprehensive income (loss) for pension and post-employment benefits are included in the computation of the net periodic pension and post-employment benefit expense. Refer to Note K for additional details on pension and post-employment expenses.