ACCUMULATED OTHER COMPREHENSIVE LOSS |
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| ACCUMULATED OTHER COMPREHENSIVE LOSS | ACCUMULATED OTHER COMPREHENSIVE LOSS The following table presents the total changes by component in accumulated other comprehensive loss (“AOCL”), net of taxes, for the twenty-six week periods ended March 28, 2026 and March 29, 2025 (in millions):
(1)Represents unrealized gains (losses) on derivatives designated and qualifying as cash flow hedges, net of tax (expense) benefit, of $5 million and $8 million for the thirteen week periods ended March 28, 2026 and March 29, 2025, respectively, and $7 million and $1 million for the twenty-six week periods ended March 28, 2026 and March 29, 2025, respectively. (2)There were no material pension liability adjustments, net of taxes, related to activity for the defined pension plans and postretirement benefit plans for the thirteen and twenty-six week periods ended March 28, 2026 and March 29, 2025. (3)Represents gains (losses) resulting from foreign currency translation of financial statements, including gains (losses) from certain intercompany transactions, into U.S. dollars at the rates of exchange in effect at the balance sheet dates. (4)Presented net of reclassifications out of AOCL into earnings, specifically net sales and interest expense-net, for realized (losses) gains on derivatives designated and qualifying as cash flow hedges of $7 million (net of taxes of $2 million) and $(1) million (net of taxes of less than $(1) million), respectively, for the twenty-six week period ended March 28, 2026 and $(1) million (net of taxes of less than $(1) million) and $18 million (net of taxes of $6 million), respectively, for the twenty-six week period ended March 29, 2025.
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