| Accumulated Other Comprehensive Income (Loss) |
Accumulated Other Comprehensive Income (Loss) AOCI includes certain foreign currency translation adjustments from those subsidiaries not using the U.S. dollar as their functional currency, net deferred gains and losses on certain derivative instruments accounted for as cash flow hedges, adjustments to pension and OPEB liabilities, and other comprehensive income attributable to unconsolidated affiliates.
The following tables provide changes in AOCI by component, net of taxes and noncontrolling interests (amounts in parentheses indicate debits to AOCI):
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | For the Six Months Ended June 27, 2026 | | (In thousands) | | Cumulative Translation Adjustment | | Unrealized Gain (Loss) on Derivatives | | Pension/OPEB Liability Adjustment | | Attributable to Unconsol. Affiliates | | Total | | | | | | | | | | | | | Balance as of December 27, 2025 | | $ | (52,079) | | | $ | 1,694 | | | $ | (3,295) | | | $ | 2,845 | | | $ | (50,835) | | | | | | | | | | | | | | Other comprehensive (loss) income before reclassifications | | (11,020) | | | 2,092 | | | 93 | | | (1,020) | | | (9,855) | | | Amounts reclassified from AOCI | | — | | | (2,950) | | | (24) | | | — | | | (2,974) | | | | | | | | | | | | | | Net current-period other comprehensive (loss) income | | (11,020) | | | (858) | | | 69 | | | (1,020) | | | (12,829) | | | | | | | | | | | | | | | | | | | | | | | | | Balance as of June 27, 2026 | | $ | (63,099) | | | $ | 836 | | | $ | (3,226) | | | $ | 1,825 | | | $ | (63,664) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | For the Six Months Ended June 28, 2025 | | (In thousands) | | Cumulative Translation Adjustment | | Unrealized (Loss) Gain on Derivatives | | Pension/OPEB Liability Adjustment | | Attributable to Unconsol. Affiliates | | Total | | | | | | | | | | | | | Balance as of December 28, 2024 | | $ | (75,926) | | | $ | (191) | | | $ | (6,282) | | | $ | 2,120 | | | $ | (80,279) | | | | | | | | | | | | | | Other comprehensive income (loss) before reclassifications | | 26,973 | | | 3,083 | | | 2,229 | | | (733) | | | 31,552 | | | Amounts reclassified from AOCI | | — | | | (2,368) | | | (20) | | | — | | | (2,388) | | | | | | | | | | | | | | Net current-period other comprehensive income (loss) | | 26,973 | | | 715 | | | 2,209 | | | (733) | | | 29,164 | | | | | | | | | | | | | | | | | | | | | | | | | Balance as of June 28, 2025 | | $ | (48,953) | | | $ | 524 | | | $ | (4,073) | | | $ | 1,387 | | | $ | (51,115) | |
Reclassification adjustments out of AOCI were as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Amount reclassified from AOCI | | | | For the Quarter Ended | | For the Six Months Ended | | | | (In thousands) | | June 27, 2026 | | June 28, 2025 | | June 27, 2026 | | June 28, 2025 | | Affected line item | | | | | | | | | | | | | Unrealized gains on derivative commodity contracts | | $ | (3,269) | | | $ | (1,306) | | | $ | (3,807) | | | $ | (3,055) | | | Cost of goods sold | | | | | | | | | | | | | | | 736 | | | 294 | | | 857 | | | 687 | | | Income tax expense | | | | | | | | | | | | | | | $ | (2,533) | | | $ | (1,012) | | | $ | (2,950) | | | $ | (2,368) | | | Net of tax and noncontrolling interests | | | | | | | | | | | | | Amortization of net (gain) loss and prior service (credit) cost on employee benefit plans | | $ | (23) | | | $ | (23) | | | $ | (44) | | | $ | (41) | | | Other expense, net | | | | 10 | | | 12 | | | 20 | | | 21 | | | Income tax expense | | | | | | | | | | | | | | | $ | (13) | | | $ | (11) | | | $ | (24) | | | $ | (20) | | | Net of tax and noncontrolling interests | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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