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Accumulated Other Comprehensive Loss (Tables)
9 Months Ended
Oct. 01, 2023
Equity [Abstract]  
Summary of Components of Accumulated Other Comprehensive Loss The following table summarizes the components of accumulated other comprehensive loss and the changes in the balances of each component of accumulated other comprehensive loss, net of tax as applicable, for the nine-month periods ended October 1, 2023 and October 2, 2022:
Foreign
Currency
Items
Defined
Benefit
Pension Items
Cash
Flow Hedges
Accumulated
Other
Comprehensive
Loss
Balance at December 31, 2022
$(338,316)$(90,973)$(794)$(430,083)
Other comprehensive income/(loss) before reclassifications3,168 (4,045)5,111 4,234 
Amounts reclassified from accumulated other comprehensive loss to net income2,033 6,599 (3,193)5,439 
Amounts reclassified from accumulated other comprehensive loss to property, plant, and equipment— — 300 300 
Other comprehensive income5,201 2,554 2,218 9,973 
Balance at October 1, 2023
$(333,115)$(88,419)$1,424 $(420,110)
Balance at December 31, 2021
$(269,076)$(91,397)$1,048 $(359,425)
Other comprehensive (loss)/income before reclassifications(155,179)(3,948)4,136 (154,991)
Amounts reclassified from accumulated other comprehensive loss to net income3,747 3,072 (4,286)2,533 
Amounts reclassified from accumulated other comprehensive loss to property, plant, and equipment— — (642)(642)
Other comprehensive loss(151,432)(876)(792)(153,100)
Balance at October 2, 2022
$(420,508)$(92,273)$256 $(512,525)
Summary of Effects on Net Income of Significant Amounts Reclassified from Accumulated Other Comprehensive Loss
The following table summarizes the effects on net income of significant amounts reclassified from each component of accumulated other comprehensive loss for the three- and nine-month periods ended October 1, 2023 and October 2, 2022:
Amount Reclassified from Accumulated
Other Comprehensive Loss
Three Months EndedNine Months Ended
Details about Accumulated Other
Comprehensive
Loss Components
October 1,
2023
October 2,
2022
October 1,
2023
October 2,
2022
Affected Line Item in
the Condensed Consolidated
Statements of Income
Foreign currency items
Loss on Russia exit(a)
$— $— $— $(3,747)Restructuring/Asset impairment charges
Loss on RTS Packaging investment(b)
(2,033)— (2,033)— 
Other income, net
(2,033)— (2,033)(3,747)
Gains/(losses) on cash flow hedges
Foreign exchange contracts(c)
3,195 559 6,772 2,425 Net sales
Foreign exchange contracts(c)
(1,180)(433)(2,552)(2,139)Cost of sales
Commodity contracts(c)
— 2,434 (32)5,371 Cost of sales
2,015 2,560 4,188 5,657 Income before income taxes
        Income tax impact(558)(473)(995)(1,371)Provision for income taxes
1,457 2,087 3,193 4,286 Net income
Defined benefit pension items
Pension-related loss upon purchase of remaining interest in RTS Packaging joint venture(b)
(4,756)— (4,756)— 
Other income, net
Effect of settlement loss(d)
(16)— (765)(430)Non-operating pension costs
Amortization of defined benefit pension items(d)
(1,103)(1,229)(3,306)(3,655)Non-operating pension costs
(5,875)(1,229)(8,827)(4,085)Income before income taxes
        Income tax impact1,478 313 2,228 1,013 Provision for income taxes
(4,397)(916)(6,599)(3,072)Net income
Total reclassifications for the period$(4,973)$1,171 $(5,439)$(2,533)Net income
 
(a) See Note 5 for additional details.
(b) See Note 3 for additional details.
(c) See Note 10 for additional details.
(d) See Note 12 for additional details.
Summary of Before and After Tax Amounts for Comprehensive Income (Loss) Components
The following table summarizes the before and after tax amounts for the various components of other comprehensive income/(loss) for the three-month periods ended October 1, 2023 and October 2, 2022:
Three Months Ended
October 1, 2023
Three Months Ended
October 2, 2022
Before Tax
Amount
Tax
(Expense)
Benefit
After Tax
Amount
Before Tax
Amount
Tax
(Expense)
Benefit
After Tax
Amount
Foreign currency items:
Net other comprehensive loss from foreign currency items$(50,389)$— $(50,389)$(81,457)$— $(81,457)
Amounts reclassified from accumulated other comprehensive loss to net income(a)
2,033 — 2,033 — — — 
Net other comprehensive loss from foreign currency items(48,356)— (48,356)(81,457)— (81,457)
Defined benefit pension items:
Other comprehensive (loss)/income before reclassifications(1,137)141 (996)(74)19 (55)
Amounts reclassified from accumulated other comprehensive loss to net income(a)(b)
5,875 (1,478)4,397 1,229 (313)916 
Net other comprehensive income/(loss) from defined benefit pension items4,738 (1,337)3,401 1,155 (294)861 
Gains and losses on cash flow hedges:
Other comprehensive (loss)/income before reclassifications(369)102 (267)1,336 (247)1,089 
Amounts reclassified from accumulated other comprehensive loss to net income(c)
(2,015)558 (1,457)(2,560)473 (2,087)
Amounts reclassified from accumulated other comprehensive loss to property, plant and equipment— — — (312)58 (254)
Net other comprehensive (loss)/income from cash flow hedges(2,384)660 (1,724)(1,536)284 (1,252)
Other comprehensive loss$(46,002)$(677)$(46,679)$(81,838)$(10)$(81,848)

(a) See Note 3 for more information on the acquisition of the remaining 65% interest in the RTS Packaging joint venture.
(b) See Note 12 for additional details.
(c) See Note 10 for additional details.
The following table summarizes the before and after tax amounts for the various components of other comprehensive income/(loss) for the nine-month periods ended October 1, 2023 and October 2, 2022:
Nine Months Ended October 1, 2023Nine Months Ended October 2, 2022
Before Tax
Amount
Tax
(Expense)
Benefit
After Tax
Amount
Before Tax
Amount
Tax
(Expense)
Benefit
After Tax
Amount
Foreign currency items:
Net other comprehensive income/(loss) from foreign currency items$3,168 $— $3,168 $(155,179)$— $(155,179)
Amounts reclassified from accumulated other comprehensive loss to net income(a)(b)
2,033 — 2,033 3,747 — 3,747 
Net other comprehensive income/(loss) from foreign currency items5,201 — 5,201 (151,432)— (151,432)
Defined benefit pension items:
Other comprehensive (loss)/income before reclassifications(5,586)1,541 (4,045)(5,257)1,309 (3,948)
Amounts reclassified from accumulated other comprehensive loss to net income(a)(c)
8,827 (2,228)6,599 4,085 (1,013)3,072 
Net other comprehensive income/(loss) from defined benefit pension items3,241 (687)2,554 (1,172)296 (876)
Gains and losses on cash flow hedges:
Other comprehensive income/(loss) before reclassifications6,511 (1,400)5,111 5,607 (1,471)4,136 
Amounts reclassified from accumulated other comprehensive loss to net income(d)
(4,188)995 (3,193)(5,657)1,371 (4,286)
Amounts reclassified from accumulated other comprehensive loss to property, plant and equipment401 (101)300 (864)222 (642)
Net other comprehensive income/(loss) from cash flow hedges2,724 (506)2,218 (914)122 (792)
Other comprehensive income/(loss)$11,166 $(1,193)$9,973 $(153,518)$418 $(153,100)

(a) See Note 3 for more information on the 2023 acquisition of the remaining 65% interest in the RTS Packaging joint venture.
(b) See Note 5 for more information on the 2022 loss on the exit from Russia.
(c) See Note 12 for additional details.
(d) See Note 10 for additional details.