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Shareholders' Equity
12 Months Ended
Dec. 29, 2023
Stockholders' Equity Note [Abstract]  
Shareholders' Equity Shareholders’ Equity
At December 29, 2023, the Company had 22,549 authorized, but unissued, cumulative preferred shares, $100 par value. The Company also has authorized, but not issued, a separate class of 3 million shares of preferred stock, $1 par value.
Changes in components of accumulated other comprehensive income (loss), net of tax were (in thousands):
Pension and
Postretirement
Medical
Cumulative
Translation
Adjustment
Total
Balance, December 26, 2020$(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)
Other comprehensive income (loss) before reclassifications16,083 (9,582)6,501 
Amounts reclassified from accumulated other comprehensive income4,290 — 4,290 
Balance, December 30, 2022(39,734)(29,644)(69,378)
Other comprehensive income (loss) before reclassifications(28,162)25,661 (2,501)
Amounts reclassified from accumulated other comprehensive income36,884 — 36,884 
Balance, December 29, 2023$(31,012)$(3,983)$(34,995)
Amounts related to pension and postretirement medical adjustments are classified to non-service components of pension cost that are included within other non-operating expenses. Included in the 2023 and 2021 reclassifications were $42 million and $12 million, respectively, of pension settlement losses. See Note J for additional details regarding pension and postretirement medical plans.