XML 34 R23.htm IDEA: XBRL DOCUMENT v3.22.4

Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Dec. 31, 2022

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 for the three months ended December 31, 2022 are as follows:

						Accumulated foreign currency translation						Accumulated retirement liability						Accumulated gain (loss) on derivatives						Total
AOCIL at October 1, 2022						$	(182,024)					$	(125,231)					$	(3,787)					$	(311,042)
OCI before reclassifications						50,399						(1,013)						928						50,314
Amounts reclassified from AOCIL						336						2,212						991						3,539
OCI, net of tax						50,735						1,199						1,919						53,853
AOCIL at December 31, 2022						$	(131,289)					$	(124,032)					$	(1,868)					$	(257,189)

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:

																		Three Months Ended
						Statements of Earnings location																		December 31, 2022						January 1, 2022
Retirement liability:
Prior service cost																								$	13					$	15
Actuarial losses																								2,877						4,600
Reclassification from AOCIL into earnings																								2,890						4,615
Tax effect																								(678)						(1,093)
Net reclassification from AOCIL into earnings																								$	2,212					$	3,522
Derivatives:
Foreign currency contracts						Sales																		$	306					$	68
Foreign currency contracts						Cost of sales																		972						50
Reclassification from AOCIL into earnings																								1,278						118
Tax effect																								(287)						(24)
Net reclassification from AOCIL into earnings																								$	991					$	94

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 Condensed Statement of Earnings.

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

												Three Months Ended
																		December 31, 2022						January 1, 2022
Foreign currency contracts																		$	1,198					$	55
Net gain																		1,198						55
Tax effect																		(270)						(14)
Net deferral in AOCIL of derivatives																		$	928					$	41

X

- References

No definition available.

+ Details

Name:	us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTaxAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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 https://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 https://asc.fasb.org/extlink&oid=126953954&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 https://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 https://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

+ Details

Name:	us-gaap_ComprehensiveIncomeNoteTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration