Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 27, 2026

Accumulated Other Comprehensive Income (Loss)

AOCI includes certain foreign currency translation adjustments from those subsidiaries not using the U.S. dollar as their functional currency, net deferred gains and losses on certain derivative instruments accounted for as cash flow hedges, adjustments to pension and OPEB liabilities, and other comprehensive income attributable to unconsolidated affiliates.

The following tables provide changes in AOCI by component, net of taxes and noncontrolling interests (amounts in parentheses indicate debits to AOCI):


	For the Six Months Ended June 27, 2026
(In thousands)	Cumulative Translation Adjustment		Unrealized Gain (Loss) on Derivatives		Pension/OPEB Liability Adjustment		Attributable to Unconsol. Affiliates		Total

Balance as of December 27, 2025	$	(52,079)	$	1,694	$	(3,295)	$	2,845	$	(50,835)

Other comprehensive (loss) income before reclassifications	(11,020)		2,092		93		(1,020)		(9,855)
Amounts reclassified from AOCI	—		(2,950)		(24)		—		(2,974)

Net current-period other comprehensive (loss) income	(11,020)		(858)		69		(1,020)		(12,829)


Balance as of June 27, 2026	$	(63,099)	$	836	$	(3,226)	$	1,825	$	(63,664)


	For the Six Months Ended June 28, 2025
(In thousands)	Cumulative Translation Adjustment		Unrealized (Loss) Gain on Derivatives		Pension/OPEB Liability Adjustment		Attributable to Unconsol. Affiliates		Total

Balance as of December 28, 2024	$	(75,926)	$	(191)	$	(6,282)	$	2,120	$	(80,279)

Other comprehensive income (loss) before reclassifications	26,973		3,083		2,229		(733)		31,552
Amounts reclassified from AOCI	—		(2,368)		(20)		—		(2,388)

Net current-period other comprehensive income (loss)	26,973		715		2,209		(733)		29,164


Balance as of June 28, 2025	$	(48,953)	$	524	$	(4,073)	$	1,387	$	(51,115)

Reclassification adjustments out of AOCI were as follows:


	Amount reclassified from AOCI
	For the Quarter Ended				For the Six Months Ended
(In thousands)	June 27, 2026		June 28, 2025		June 27, 2026		June 28, 2025		Affected line item

Unrealized gains on derivative commodity contracts	$	(3,269)	$	(1,306)	$	(3,807)	$	(3,055)	Cost of goods sold

	736		294		857		687		Income tax expense

	$	(2,533)	$	(1,012)	$	(2,950)	$	(2,368)	Net of tax and noncontrolling interests

Amortization of net (gain) loss and prior service (credit) cost on employee benefit plans	$	(23)	$	(23)	$	(44)	$	(41)	Other expense, net
	10		12		20		21		Income tax expense

	$	(13)	$	(11)	$	(24)	$	(20)	Net of tax and noncontrolling interests

MUELLER INDUSTRIES INC 10-Q