Other Comprehensive Income (Loss) (Tables)

12 Months Ended

Dec. 28, 2024

Schedule of components of comprehensive income (loss)

Changes in other comprehensive income (loss) by component for fiscal years 2024, 2023, and 2022 were as follows:


	Fiscal Year Ended
	December 28, 2024						December 30, 2023						December 31, 2022
(in thousands)	Pre-tax		Tax		Net of tax		Pre-tax		Tax		Net of tax		Pre-tax		Tax		Net of tax
Defined benefit pension plan and other adjustments	$	(2,947)	$	51	$	(2,896)	$	(5,911)	$	491	$	(5,420)	$	11,560	$	(1,825)	$	9,735
Cash flow hedges	(3,188)		41		(3,147)		(2,827)		679		(2,148)		8,679		(2,083)		6,596
Foreign currency translation adjustments (1)	(86,273)		1,772		(84,501)		48,227		(712)		47,515		(39,619)		987		(38,632)
Total change in other comprehensive income (loss)	$	(92,408)	$	1,864	$	(90,544)	$	39,489	$	458	$	39,947	$	(19,380)	$	(2,921)	$	(22,301)

(1) The tax shown above within the foreign currency translation adjustments is the U.S. tax associated with the foreign currency translation adjustments of earnings of non-U.S. subsidiaries which have been previously taxed in the U.S. and are not permanently reinvested.

Schedule of accumulated other comprehensive income (loss)

Accumulated Other Comprehensive Loss (“AOCI”): The following table sets forth the changes in the components of AOCI by component for fiscal years 2024, 2023, and 2022:


(in thousands)	Pension and postretirement liability and reclassification adjustments		Cash flow hedges		Foreign currency translation adjustments		Accumulated other comprehensive income (loss)
Balance at January 1, 2022	$	(11,928)	$	—	$	(61,535)	$	(73,463)

2022 activity	9,735		6,596		(38,632)		(22,301)
Balance at December 31, 2022	$	(2,193)	$	6,596	$	(100,167)	$	(95,764)

2023 activity	(5,420)		(2,148)		47,515		39,947
Balance at December 30, 2023	$	(7,613)	$	4,448	$	(52,652)	$	(55,817)
2024 activity	(2,896)		(3,147)		(84,501)		(90,544)
Balance at December 28, 2024	$	(10,509)	$	1,301	$	(137,153)	$	(146,361)

Reclassification out of accumulated other comprehensive income

Amounts reclassified from accumulated other comprehensive loss to earnings for fiscal years 2024, 2023, and 2022 were as follows:


	Fiscal Year Ended
(in thousands)	December 28, 2024		December 30, 2023		December 31, 2022
Pension and postemployment and other plans:
Amortization of prior service, net actuarial loss (gain), and other	$	3,441	$	(43)	$	785
Net settlement loss and accelerated prior service costs	299		247		477
Total	$	3,740	$	204	$	1,262

LITTELFUSE INC /DE 10-K