v3.26.3
Accumulated Other Comprehensive Income (Loss)
9 Months Ended
Oct. 02, 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 third quarter and first nine months 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 July 3, 2026
$1,411 $782 $2 $2,195 $(52,214)$(2,829)$(52,848)
Other comprehensive income (loss) before reclassifications(38)999 — 961 — (2,155)(1,194)
Amounts reclassified from accumulated other comprehensive income (loss)29 (471)— (442)191 — (251)
Net current period other comprehensive (loss) income before tax(9)528 — 519 191 (2,155)(1,445)
Deferred taxes(2)122 — 120 41 — 161 
Net current period other comprehensive (loss) income after tax(7)406 — 399 150 (2,155)(1,606)
Balance at October 2, 2026
$1,404 $1,188 $2 $2,594 $(52,064)$(4,984)$(54,454)
Balance at June 27, 2025
$1,316 $1,888 $2 $3,206 $(53,648)$(1,318)$(51,760)
Other comprehensive (loss) income before reclassifications118 122 — 240 — (903)(663)
Amounts reclassified from accumulated other comprehensive income (loss)(9)(797)— (806)(164)— (970)
Net current period other comprehensive (loss) income before tax109 (675)— (566)(164)(903)(1,633)
Deferred taxes24 (155)— (131)(3)— (134)
Net current period other comprehensive (loss) income after tax85 (520)— (435)(161)(903)(1,499)
Balance at September 26, 2025
$1,401 $1,368 $2 $2,771 $(53,809)$(2,221)$(53,259)
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 reclassifications(239)1,779 — 1,540 — (4,537)(2,997)
Amounts reclassified from accumulated other comprehensive income (loss)237 (1,403)— (1,166)500 — (666)
Net current period other comprehensive (loss) income before tax(2)376 — 374 500 (4,537)(3,663)
Deferred taxes— 87 — 87 123 — 210 
Net current period other comprehensive (loss) income after tax(2)289 — 287 377 (4,537)(3,873)
Balance at October 2, 2026
$1,404 $1,188 $2 $2,594 $(52,064)$(4,984)$(54,454)
Balance at December 31, 2024$1,638 $3,545 $2 $5,185 $(54,702)$(11,529)$(61,046)
Other comprehensive income (loss) before reclassifications(206)(473)— (679)1,553 9,308 10,182 
Amounts reclassified from accumulated other comprehensive income (loss)(103)(2,354)— (2,457)(290)— (2,747)
Net current period other comprehensive (loss) income before tax(309)(2,827)— (3,136)1,263 9,308 7,435 
Deferred taxes(72)(650)— (722)370 — (352)
Net current period other comprehensive (loss) income after tax(237)(2,177)— (2,414)893 9,308 7,787 
Balance at September 26, 2025$1,401 $1,368 $2 $2,771 $(53,809)$(2,221)$(53,259)
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. Reclassifications from accumulated other comprehensive income (loss) of gains and losses on precious metal and copper 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.