STOCKHOLDERS' EQUITY (Tables)

9 Months Ended

Sep. 24, 2023

Schedule of Changes in Accumulated Other Comprehensive Loss

The following tables provide information regarding the changes in accumulated other comprehensive loss:


	Nine Months Ended September 24, 2023
	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	$	(269,825)	$	(1,162)	$	(65,447)	$	(14)	$	(336,448)

Other comprehensive income (loss) before reclassifications	39,269		(302)		5,282		(126)		44,123
Amounts reclassified from accumulated other comprehensive loss to net income	—		(216)		541		127		452
Currency translation	—		27		(364)		—		(337)
Net current period other comprehensive income (loss)	39,269		(491)		5,459		1		44,238
Balance, end of period	$	(230,556)	$	(1,653)	$	(59,988)	$	(13)	$	(292,210)


	Nine Months Ended September 25, 2022
	Gains (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	$	27,241	$	(2,365)	$	(72,873)	$	—	$	(47,997)

Other comprehensive income (loss) before reclassifications	(572,130)		(2,317)		14,061		(21)		(560,407)
Amounts reclassified from accumulated other comprehensive loss to net income	—		2,637		698		—		3,335
Currency translation	—		75		—		—		75
Net current period other comprehensive income (loss)	(572,130)		395		14,759		(21)		(556,997)
Balance, end of period	$	(544,889)	$	(1,970)	$	(58,114)	$	(21)	$	(604,994)

Schedule of Reclassification from Accumulated Other Comprehensive Loss


	Amount Reclassified from Accumulated Other Comprehensive Loss(a)
Details about Accumulated Other Comprehensive Loss Components	Nine Months Ended September 24, 2023		Nine Months Ended September 25, 2022		Affected Line Item in the Condensed Consolidated Statements of Income
	(In thousands)
Realized gains (losses) on settlement of foreign currency derivatives classified as cash flow hedges	$	440	$	(2,001)	Net sales
Realized losses on settlement of foreign currency derivatives classified as cash flow hedges	(224)		(562)		Cost of sales
Realized losses on sale of securities	(168)		—		Interest income
Realized losses on settlement of interest rate swap derivatives classified as cash flow hedges	—		(98)		Interest expense, net of capitalized interest
Amortization of pension and other postretirement plan actuarial losses(b)	(714)		(923)		Miscellaneous, net
Total before tax	(666)		(3,584)
Tax benefit	214		249
Total reclassification for the period	$	(452)	$	(3,335)

(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 14. Pension and Other Postretirement Benefits.”