| STOCKHOLDERS' EQUITY |
STOCKHOLDERS’ EQUITY Accumulated Other Comprehensive Income (Loss) The following tables provide information regarding the changes in accumulated other comprehensive loss: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 28, 2026 | | Losses Related to Foreign Currency Translation | | Losses on Derivative Financial Instruments Classified as Cash Flow Hedges | | Losses Related to Pension and Other Postretirement Benefits | | Losses on Available-for-Sale Securities | | Total | | (In thousands) | | Balance, beginning of period | $ | (13,218) | | | $ | (1,475) | | | $ | (32,312) | | | $ | (17) | | | $ | (47,022) | | | Other comprehensive income (loss) before reclassifications | (55,677) | | | 447 | | | (871) | | | (26) | | | (56,127) | | | Amounts reclassified from accumulated other comprehensive loss (income) to net income | — | | | (56) | | | (56) | | | 39 | | | (73) | | | Currency translation | — | | | 1 | | | (15) | | | — | | | (14) | | | Net current period other comprehensive income (loss) | (55,677) | | | 392 | | | (942) | | | 13 | | | (56,214) | | | Balance, end of period | $ | (68,895) | | | $ | (1,083) | | | $ | (33,254) | | | $ | (4) | | | $ | (103,236) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 29, 2025 | | Losses Related to Foreign Currency Translation | | Losses on Derivative Financial Instruments Classified as Cash Flow Hedges | | Losses Related to Pension and Other Postretirement Benefits | | Losses on Available-for-Sale Securities | | Total | | (In thousands) | | Balance, beginning of period | $ | (337,243) | | | $ | (2,007) | | | $ | (31,028) | | | $ | (22) | | | $ | (370,300) | | | Other comprehensive income (loss) before reclassifications | 325,927 | | | 1,658 | | | 141 | | | (64) | | | 327,662 | | | Amounts reclassified from accumulated other comprehensive loss (income) to net income | — | | | 1,282 | | | (1,152) | | | 77 | | | 207 | | | Currency translation | — | | | 86 | | | 145 | | | — | | | 231 | | | Net current period other comprehensive income (loss) | 325,927 | | | 3,026 | | | (866) | | | 13 | | | 328,100 | | | Balance, end of period | $ | (11,316) | | | $ | 1,019 | | | $ | (31,894) | | | $ | (9) | | | $ | (42,200) | |
| | | | | | | | | | | | | | | | | | | Amount Reclassified from Accumulated Other Comprehensive Income (Loss)(a) | | | | Details about Accumulated Other Comprehensive Income (Loss) Components | Six Months Ended June 28, 2026 | | Six Months Ended June 29, 2025 | | Affected Line Item in the Condensed Consolidated Statements of Income (Loss) | | (In thousands) | | | | Realized gains (losses) on settlement of foreign currency derivatives classified as cash flow hedges | $ | 21 | | | $ | (1,313) | | | Net sales | | Realized gains on settlement of foreign currency derivatives classified as cash flow hedges | 35 | | | 31 | | | Cost of sales | | Realized losses on sale of securities | (51) | | | (102) | | | Interest income | | Realized gains on settlement of pension obligations from plan termination | — | | | 1,611 | | | Miscellaneous, net | Amortization of pension and other postretirement plan actuarial losses(b) | 73 | | | (84) | | | Miscellaneous, net | | Total before tax | 78 | | | 143 | | | | | Tax expense | (5) | | | (350) | | | | | Total reclassification for the period | $ | 73 | | | $ | (207) | | | |
(a) Positive amounts represent income to the results of operations while amounts in parentheses represent expenses to the results of operations. (b) These accumulated other comprehensive loss components are included in the computation of net periodic pension cost. See “Note 13. Pension and Other Postretirement Benefits.” Preferred Stock The Company has authorized 50,000,000 shares of $0.01 par value preferred stock, although no shares have been issued and no shares are outstanding. Restrictions on Dividends The U.S. Credit Facility and the indentures governing the Company’s senior notes have currently no restrictions on dividends. Under certain triggering events, the U.S. Credit Facility may limit the Company’s ability to declare and pay dividends. Additionally, the Europe Credit Facility may restrict MPH(E) and other Pilgrim’s entities located in the U.K. and Republic of Ireland to, among other things, make payments and distributions to the Company.
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