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Accumulated Other Comprehensive Income/(Loss)

9 Months Ended

Sep. 28, 2025

Equity [Abstract]

Accumulated Other Comprehensive Income/(Loss)

Accumulated Other Comprehensive Income/(Loss)

The following table summarizes the components of accumulated other comprehensive income/(loss) and the changes in the balances of each component of accumulated other comprehensive income/(loss), net of tax as applicable, for the nine-month periods ended September 28, 2025 and September 29, 2024:

						Foreign Currency Items						Defined Benefit Pension Items						Gains and Losses on Cash Flow Hedges						Accumulated Other Comprehensive Income/(Loss)
Balance at December 31, 2024						$	(410,931)					$	(90,613)					$	(1,190)					$	(502,734)
Other comprehensive income before reclassifications						453,661						2,007						1,821						457,489
Amounts reclassified from accumulated other comprehensive loss to net income						51,747						2,169						348						54,264
Other comprehensive income						505,408						4,176						2,169						511,753
Balance at September 28, 2025						$	94,477					$	(86,437)					$	979					$	9,019
Balance at December 31, 2023						$	(267,578)					$	(99,627)					$	943					$	(366,262)
Other comprehensive loss before reclassifications						(20,387)						(253)						(1,499)						(22,139)
Amounts reclassified from accumulated other comprehensive loss to net income						2,913						3,411						67						6,391
Other comprehensive (loss)/income						(17,474)						3,158						(1,432)						(15,748)
Balance at September 29, 2024						$	(285,052)					$	(96,469)					$	(489)					$	(382,010)

The following table summarizes the effects on net income of significant amounts reclassified from each component of accumulated other comprehensive income/(loss) for the three- and nine-month periods ended September 28, 2025 and September 29, 2024:

						Amount Reclassified from Accumulated Other Comprehensive Income/(Loss)
						Three Months Ended									Nine Months Ended
Details about Accumulated Other Comprehensive Income/(Loss) Components						September 28, 2025			September 29, 2024						September 28, 2025			September 29, 2024						Affected Line Item in the Condensed Consolidated Statements of Income
Foreign currency items
Currency translation adjustment loss on TFP sale(a)						$	—		$	—					$	(47,955)		$	—					Net income from discontinued operations
Currency translation adjustment loss on Venezuela sale(a)						—			—						(3,792)			—						Loss on divestiture of business
Currency translation adjustment loss on Protexic sale(a)						—			—						—			(2,913)						Loss on divestiture of business
						—			—						(51,747)			(2,913)						Net income
Gains/(losses) on cash flow hedges
Foreign exchange contracts(b)						(729)			(513)						1,038			153						Net sales
Foreign exchange contracts(b)						(1,129)			(86)						(1,321)			(225)						Cost of sales
Commodity contracts(b)						(175)			(21)						(175)			(21)						Cost of sales
						(2,033)			(620)						(458)			(93)						Income from continuing operations before income taxes
Income tax impact						520			185						110			26						Provision for income taxes
						(1,513)			(435)						(348)			(67)						Net income
Defined benefit pension items
Effect of settlement loss(c)						—			(18)						—			(529)						Non-operating pension costs
Amortization of defined benefit pension items(c)						(986)			(1,198)						(2,884)			(3,627)						Non-operating pension costs
						(986)			(1,216)						(2,884)			(4,156)						Income from continuing operations before income taxes
Income tax impact						264			108						715			745						Provision for income taxes
						(722)			(1,108)						(2,169)			(3,411)						Net income
Total reclassifications for the period						$	(2,235)		$	(1,543)					$	(54,264)		$	(6,391)					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 September 28, 2025 and September 29, 2024:

						Three Months Ended September 28, 2025												Three Months Ended September 29, 2024
						Before Tax Amount			Tax (Expense) Benefit			After Tax Amount						Before Tax Amount			Tax (Expense) Benefit			After Tax Amount
Foreign currency items:
Other comprehensive (loss)/income before reclassifications						$	(4,025)		$	(4,104)		$	(8,129)					$	30,458		$	4,753		$	35,211
Amounts reclassified from accumulated other comprehensive income/(loss) to net income(a)						—			—			—						—			—			—
Net other comprehensive (loss)/income from foreign currency items						(4,025)			(4,104)			(8,129)						30,458			4,753			35,211
Defined benefit pension items:
Other comprehensive loss before reclassifications						(34)			9			(25)						(82)			10			(72)
Amounts reclassified from accumulated other comprehensive income/(loss) to net income(b)						986			(264)			722						1,216			(108)			1,108
Net other comprehensive income from defined benefit pension items						952			(255)			697						1,134			(98)			1,036
Gains and losses on cash flow hedges:
Other comprehensive loss before reclassifications						(2,838)			413			(2,425)						(465)			90			(375)
Amounts reclassified from accumulated other comprehensive income/(loss) to net income(c)						2,033			(520)			1,513						620			(185)			435
Net other comprehensive (loss)/income from cash flow hedges						(805)			(107)			(912)						155			(95)			60
Other comprehensive (loss)/income						$	(3,878)		$	(4,466)		$	(8,344)					$	31,747		$	4,560		$	36,307

(a) See Note 4 for additional details.

(b) See Note 13 for additional details.

(c) See Note 11 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 September 28, 2025 and September 29, 2024:

						Nine Months Ended September 28, 2025												Nine Months Ended September 29, 2024
						Before Tax Amount			Tax (Expense) Benefit			After Tax Amount						Before Tax Amount			Tax (Expense) Benefit			After Tax Amount
Foreign currency items:
Other comprehensive income/(loss) before reclassifications						$	399,075		$	54,586		$	453,661					$	(21,610)		$	1,223		$	(20,387)
Amounts reclassified from accumulated other comprehensive income/(loss) to net income(a)						51,747			—			51,747						2,913			—			2,913
Net other comprehensive income/(loss) from foreign currency items						450,822			54,586			505,408						(18,697)			1,223			(17,474)
Defined benefit pension items:
Other comprehensive income/(loss) before reclassifications						2,645			(638)			$	2,007					(287)			34			(253)
Amounts reclassified from accumulated other comprehensive income/(loss) to net income(b)						2,884			(715)			2,169						4,156			(745)			3,411
Net other comprehensive income from defined benefit pension items						5,529			(1,353)			4,176						3,869			(711)			3,158
Gains and losses on cash flow hedges:
Other comprehensive income/(loss) before reclassifications						2,405			(584)			$	1,821					(2,073)			574			(1,499)
Amounts reclassified from accumulated other comprehensive income/(loss) to net income(c)						458			(110)			348						93			(26)			67
Net other comprehensive income/(loss) from cash flow hedges						2,863			(694)			2,169						(1,980)			548			(1,432)
Other comprehensive income/(loss)						$	459,214		$	52,539		$	511,753					$	(16,808)		$	1,060		$	(15,748)

(a) See Note 4 for additional details.

(b) See Note 13 for additional details.

(c) See Note 11 for additional details.

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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
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-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

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