STOCKHOLDERS' EQUITY (Tables)

3 Months Ended

Mar. 31, 2024

Schedule of Changes in Accumulated Other Comprehensive Income (Loss)

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


	Three Months Ended March 31, 2024
	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	$	(114,850)	$	(1,914)	$	(59,714)	$	(5)	$	(176,483)

Other comprehensive income (loss) before reclassifications	(32,490)		455		3,020		—		(29,015)
Amounts reclassified from accumulated other comprehensive loss (gain) to net income	—		(1,041)		106		(6)		(941)
Currency translation	—		10		65		—		75
Net current period other comprehensive income (loss)	(32,490)		(576)		3,191		(6)		(29,881)
Balance, end of period	$	(147,340)	$	(2,490)	$	(56,523)	$	(11)	$	(206,364)


	Three Months Ended March 26, 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		Gains (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 before reclassifications	42,644		16		3,652		30		46,342
Amounts reclassified from accumulated other comprehensive loss (gain) to net income	—		(64)		139		(13)		62
Currency translation	—		2		—		—		2
Net current period other comprehensive income (loss)	42,644		(46)		3,791		17		46,406
Balance, end of period	$	(227,181)	$	(1,208)	$	(61,656)	$	3	$	(290,042)

Schedule of Reclassification from Accumulated Other Comprehensive Loss


	Amount Reclassified from Accumulated Other Comprehensive Loss(a)
Details about Accumulated Other Comprehensive Loss Components	Three Months Ended March 31, 2024		Three Months Ended March 26, 2023		Affected Line Item in the Condensed Consolidated Statements of Income
	(In thousands)
Realized gains on settlement of foreign currency derivatives classified as cash flow hedges	$	1,041	$	120	Net sales
Realized losses on settlement of foreign currency derivatives classified as cash flow hedges	—		(56)		Cost of sales
Realized gains on sale of securities	8		—		Interest income
Realized gains on settlement of interest rate swap derivatives classified as cash flow hedges	—		18		Interest expense, net of capitalized interest
Amortization of pension and other postretirement plan actuarial losses(b)	(140)		(182)		Miscellaneous, net
Total before tax	909		(100)
Tax benefit	32		38
Total reclassification for the period	$	941	$	(62)

(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.”