FY2021 10-K Document - FINAL 11 15 21 - Flipbook - Page 76
Table of Contents
Note 20 - Accumulated Other Comprehensive Income (Loss)
The changes in AOCIL, net of tax, by component are as follows:
Accumulated
foreign
Accumulated
Accumulated
currency
retirement
gain (loss) on
translation
liability
derivatives
$
(129,399) $
(285,734) $
(344) $
AOCIL at September 28, 2019
Other comprehensive income (loss) before
reclassifications
26,898
Amounts reclassified from AOCIL
(13,659)
(493)
Other comprehensive income (loss), net of tax
AOCIL at October 3, 2020
Other comprehensive income (loss) before
reclassifications
Amounts reclassified from AOCIL
Other comprehensive income (loss), net of tax
AOCIL at October 2, 2021
26,405
(102,994)
12,559
(2,554)
10,005
(92,989) $
$
2,245
115,740
15,484
(707)
102,081
(183,653)
114,540
1,538
1,194
21,958
8,485
30,443
(153,210) $
Total
(415,477)
130,024
(285,453)
(1,277)
(1,278)
(2,555)
(1,361) $
33,240
4,653
37,893
(247,560)
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:
Statements of Earnings location
2021
2020
Retirement liability:
Prior service cost (credit)
$
45
$
(129)
Actuarial losses
18,776
Curtailment (gain) loss
(5,830)
100
(44)
122,000
Settlement (gain) loss
29,652
Reclassification from AOCIL into earnings
12,947
151,623
Tax effect
(4,462)
(35,883)
Net reclassification from AOCIL into earnings
$
8,485
$
115,740
Derivatives:
Foreign currency contracts
Sales
$
Foreign currency contracts
Cost of sales
Interest rate swaps
Interest
(130)
$
(1,535)
(874)
—
Reclassification from AOCIL into earnings
(1)
(1,665)
Tax effect
(923)
387
Net reclassification from AOCIL into earnings
$
(1,278)
(48)
216
$
(707)
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 Statements of Earnings.
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