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Accumulated Other Comprehensive Loss
3 Months Ended
Mar. 30, 2025
Equity [Abstract]  
Accumulated Other Comprehensive Loss 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 three-month periods ended March 30, 2025 and March 31, 2024:
Foreign
Currency
Items
Defined
Benefit
Pension Items
Gains and Losses on Cash Flow Hedges
Accumulated
Other
Comprehensive
Loss
Balance at December 31, 2024$(410,931)$(90,613)$(1,190)$(502,734)
Other comprehensive income/(loss) before reclassifications172,072 (265)2,024 173,831 
Amounts reclassified from accumulated other comprehensive loss to net income3,792 809 (267)4,334 
Other comprehensive income175,864 544 1,757 178,165 
Balance at March 30, 2025$(235,067)$(90,069)$567 $(324,569)
Balance at December 31, 2023$(267,578)$(99,627)$943 $(366,262)
Other comprehensive (loss)/income before reclassifications(19,319)(932)518 (19,733)
Amounts reclassified from accumulated other comprehensive loss to net income— 975 (349)626 
Other comprehensive (loss)/income(19,319)43 169 (19,107)
Balance at March 31, 2024$(286,897)$(99,584)$1,112 $(385,369)
The following table summarizes the effects on net income of significant amounts reclassified from each component of accumulated other comprehensive loss for the three-month periods ended March 30, 2025 and March 31, 2024:
Amount Reclassified from Accumulated
Other Comprehensive Loss
Three Months Ended
Details about Accumulated Other
Comprehensive
Loss Components
March 30,
2025
March 31,
2024
Affected Line Item in
the Condensed Consolidated
Statements of Income
Foreign currency items
Currency translation adjustment loss on Venezuela sale(a)
$(3,792)$— 
Loss on divestiture of business and other assets
(3,792)— 
Net income
Gains/(losses) on cash flow hedges
Foreign exchange contracts(b)
399 436 Net sales
Foreign exchange contracts(b)
(41)(75)Cost of sales
358 361 Income before income taxes
Income tax impact(91)(12)Provision for income taxes
267 349 Net income
Defined benefit pension items
Amortization of defined benefit pension items(c)
(1,056)(1,230)Non-operating pension costs
(1,056)(1,230)Income before income taxes
Income tax impact247 255 Provision for income taxes
(809)(975)Net income
Total reclassifications for the period$(4,334)$(626)Net income
 
(a) See Note 4 for additional details.
(b) See Note 11 for additional details.
(c) See Note 13 for additional details.
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 March 30, 2025 and March 31, 2024:
Three Months Ended
March 30, 2025
Three Months Ended
March 31, 2024
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$161,828 $10,244 $172,072 $(16,788)$(2,531)$(19,319)
Amounts reclassified from accumulated other comprehensive loss to net income(a)
3,792 — 3,792 — — — 
Net other comprehensive income/(loss) from foreign currency items165,620 10,244 175,864 (16,788)(2,531)(19,319)
Defined benefit pension items:
Other comprehensive income/(loss) before reclassifications(346)81 (265)(876)(56)(932)
Amounts reclassified from accumulated other comprehensive loss to net income(b)
1,056 (247)809 1,230 (255)975 
Net other comprehensive (loss)/income from defined benefit pension items710 (166)544 354 (311)43 
Gains and losses on cash flow hedges:
Other comprehensive (loss)/income before reclassifications2,715 (691)2,024 536 (18)518 
Amounts reclassified from accumulated other comprehensive loss to net income(c)
(358)91 (267)(361)12 (349)
Net other comprehensive income/(loss) from cash flow hedges2,357 (600)1,757 175 (6)169 
Other comprehensive income/(loss)$168,687 $9,478 $178,165 $(16,259)$(2,848)$(19,107)

(a) See Note 4 for additional details.
(b) See Note 13 for additional details.
(c) See Note 11 for additional details.