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Accumulated Other Comprehensive Income (Loss) | 9 Months Ended
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Jun. 29, 2024
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 nine months ended June 29, 2024 are as follows:
|  | Accumulated foreign currency translation |  | Accumulated retirement liability |  | Accumulated gain (loss) on derivatives |  | Total
AOCIL at September 30, 2023 |  | $ | (140,486) |  |  | $ | (113,605) |  |  | $ | (518) |  |  | $ | (254,609) |
OCI before reclassifications |  | 10,647 |  |  | (224) |  |  | 69 |  |  | 10,492 |
Amounts reclassified from AOCIL |  | (10) |  |  | 6,134 |  |  | 449 |  |  | 6,573 |
OCI, net of tax |  | 10,637 |  |  | 5,910 |  |  | 518 |  |  | 17,065 |
AOCIL at June 29, 2024 |  | $ | (129,849) |  |  | $ | (107,695) |  |  | $ | — |  |  | $ | (237,544) |
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 |  | Nine Months Ended
|  | Statements of Earnings location |  | June 29, 2024 |  | July 1, 2023 |  | June 29, 2024 |  | July 1, 2023
Retirement liability: |  |  |  |  |  |  |  |  |  |
Prior service cost |  |  |  | $ | 14 |  |  | $ | 14 |  |  | $ | 42 |  |  | $ | 41 |
Actuarial losses |  |  |  | 2,659 |  |  | 2,884 |  |  | 7,977 |  |  | 8,643 |
Reclassification from AOCIL into earnings |  | 2,673 |  |  | 2,898 |  |  | 8,019 |  |  | 8,684 |
Tax effect |  |  |  | (628) |  |  | (680) |  |  | (1,885) |  |  | (2,037) |
Net reclassification from AOCIL into earnings |  | $ | 2,045 |  |  | $ | 2,218 |  |  | $ | 6,134 |  |  | $ | 6,647 |
Derivatives: |  |  |  |  |  |  |  |  |  |
Foreign currency contracts |  | Sales |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 517 |
Foreign currency contracts |  | Cost of sales |  | — |  |  | 399 |  |  | 588 |  |  | 2,072 |
Reclassification from AOCIL into earnings |  | — |  |  | 399 |  |  | 588 |  |  | 2,589 |
Tax effect |  |  |  | — |  |  | (94) |  |  | (139) |  |  | (587) |
Net reclassification from AOCIL into earnings |  | $ | — |  |  | $ | 305 |  |  | $ | 449 |  |  | $ | 2,002 |
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 |  | Nine Months Ended
|  | June 29, 2024 |  | July 1, 2023 |  | June 29, 2024 |  | July 1, 2023
Foreign currency contracts |  | $ | — |  |  | $ | (136) |  |  | $ | 90 |  |  | $ | 1,551 |
Net gain (loss) |  | — |  |  | (136) |  |  | 90 |  |  | 1,551 |
Tax effect |  | — |  |  | 32 |  |  | (21) |  |  | (353) |
Net deferral in AOCIL of derivatives |  | $ | — |  |  | $ | (104) |  |  | $ | 69 |  |  | $ | 1,198 |

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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://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/220/tableOfContent + Details
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