XML 28 R16.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Accumulated Other Comprehensive Loss
 3 Months Ended
Mar. 30, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Loss
9. Accumulated Other Comprehensive Loss
Three Months Ended
March 30, 2024April 1, 2023
Unrecognized components of employee benefit plans, net of tax
Balance, beginning of period$(33,537)$(43,694)
Reclassifications to earnings(a)
Amortization of gain(196)(176)
Amortization of prior service cost181 13 
Income tax on reclassifications1 36 
Net comprehensive loss on employee benefit plans, net of tax(14)(127)
Balance, end of period(33,551)(43,821)
Unrealized loss on derivative instruments, net of tax
Balance, beginning of period(373)(567)
Reclassifications to earnings - foreign currency exchange contracts(b)
47 63 
Income tax on reclassifications(6)(8)
Net comprehensive gain on derivative instruments, net of tax41 55 
Balance, end of period(332)(512)
Foreign currency translation
Balance, beginning of period(12,007)(19,537)
Foreign currency translation adjustment, net of tax(c)
(4,481)4,212 
Balance, end of period(16,488)(15,325)
Accumulated other comprehensive loss, end of period$(50,371)$(59,658)
(a)The AOCI components for defined benefit pension and post-retirement plans are included in the computation of net periodic benefit cost. See Note 12—Employee Benefit Plans for further information.
(b)Reclassifications of foreign currency exchange contracts are recorded in “cost of sales,” “other operating expense, net” or “other income, net,” as appropriate.
(c)Foreign currency translation is net of tax effects of $0 for all periods presented, as the French operations are taxed on the foreign functional currency, not the translated reporting currency.