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Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Oct. 02, 2021

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss)

The changes in AOCIL, net of tax, by component are as follows:

						Accumulated foreign currency translation						Accumulated retirement liability						Accumulated gain (loss) on derivatives						Total
AOCIL at September 28, 2019						$	(129,399)					$	(285,734)					$	(344)					$	(415,477)
Other comprehensive income (loss) before reclassifications						26,898						(13,659)						2,245						15,484
Amounts reclassified from AOCIL						(493)						115,740						(707)						114,540
Other comprehensive income (loss), net of tax						26,405						102,081						1,538						130,024
AOCIL at October 3, 2020						(102,994)						(183,653)						1,194						(285,453)
Other comprehensive income (loss) before reclassifications						12,559						21,958						(1,277)						33,240
Amounts reclassified from AOCIL						(2,554)						8,485						(1,278)						4,653
Other comprehensive income (loss), net of tax						10,005						30,443						(2,555)						37,893
AOCIL at October 2, 2021						$	(92,989)					$	(153,210)					$	(1,361)					$	(247,560)

Net gains and losses on net investment hedges are recorded in Accumulated foreign currency translation to the extent that the instruments are effective in hedging the designated risk.

The amounts reclassified from AOCIL into earnings are as follows:

						Statements of Earnings location						2021						2020
Retirement liability:
Prior service cost (credit)												$	45					$	(129)
Actuarial losses												18,776						29,652
Curtailment (gain) loss												(5,830)						100
Settlement (gain) loss												(44)						122,000
Reclassification from AOCIL into earnings												12,947						151,623
Tax effect												(4,462)						(35,883)
Net reclassification from AOCIL into earnings												$	8,485					$	115,740
Derivatives:
Foreign currency contracts						Sales						$	(130)					$	(48)
Foreign currency contracts						Cost of sales						(1,535)						(874)
Interest rate swaps						Interest						—						(1)
Reclassification from AOCIL into earnings												(1,665)						(923)
Tax effect												387						216
Net reclassification from AOCIL into earnings												$	(1,278)					$	(707)

Reclassification from AOCIL into earnings for the Retirement liability are included in the computation of non-service pension expense, which is included in Other on the Consolidated Statements of Earnings.

The effective portion of amounts deferred in AOCIL are as follows:

									2021						2020
Retirement liability:
Net actuarial gain (loss) during period									$	26,157					$	(16,131)
Tax effect									(4,199)						2,472
Net deferral in AOCIL of retirement liability									$	21,958					$	(13,659)
Derivatives:
Foreign currency contracts									$	(1,668)					$	2,965
Interest rate swaps									—						(47)
Net gain (loss)									(1,668)						2,918
Tax effect									391						(673)
Net deferral in AOCIL of derivatives									$	(1,277)					$	2,245

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- References

No definition available.

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- Definition

The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-URI http://asc.fasb.org/topic&trid=2134417

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(21))
-URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(23))
-URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

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