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Shareholders' Equity
 12 Months Ended
Dec. 31, 2021
Stockholders' Equity Note [Abstract]  
Shareholders' Equity Shareholders’ Equity
At December 31, 2021, the Company had 22,549 authorized, but not issued, cumulative preferred shares, $100 par value. The Company also has authorized, but not issued, a separate class of 3 million shares of preferred stock, $1 par value.

Changes in components of accumulated other comprehensive income (loss), net of tax were (in thousands):
Pension and
Postretirement
Medical		Cumulative
Translation
Adjustment		Total
Balance, December 29, 2018$(86,889)$(57,968)$(144,857)
Other comprehensive income (loss) before reclassifications(33,938)1,902 (32,036)
Amounts reclassified from accumulated other comprehensive income7,106 — 7,106 
Balance, December 27, 2019(113,721)(56,066)(169,787)
Other comprehensive income (loss) before reclassifications(7,852)46,030 38,178 
Amounts reclassified from accumulated other comprehensive income7,444 — 7,444 
Balance, December 25, 2020(114,129)(10,036)(124,165)
Other comprehensive income (loss) before reclassifications34,953 (10,026)24,927 
Amounts reclassified from accumulated other comprehensive income19,069 — 19,069 
Balance, December 31, 2021$(60,107)$(20,062)$(80,169)
In connection with the Company's sale of its U.K.-based valve business in 2020, $24 million of unrealized foreign currency translation losses recorded in accumulated other comprehensive income were reclassified to net earnings.Amounts related to pension and postretirement medical adjustments are reclassified to non-service components of pension cost that are included within other non-operating expenses. Included in the 2021 reclassification is $12 million related to a pension settlement loss. See Note J for additional details regarding pension and postretirement medical plans.