LITTELFUSE INC /DE
For the period ended Dec 27, 2025. Filed Feb 19, 2026.
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FY2025 · Filed Feb 19, 2026
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13. Other Comprehensive Income (Loss)
- Other Comprehensive (Loss) Income
Changes in other comprehensive (loss) income by component for fiscal years 2025, 2024, and 2023 were as follows:
| Fiscal Year Ended | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| December 27, 2025 | December 28, 2024 | December 30, 2023 | |||||||
| (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 | $(2,154) | $(24) | $(2,178) | $(2,947) | $51 | $(2,896) | $(5,911) | $491 | $(5,420) |
| Cash flow hedges | 6,134 | 697 | 6,831 | (3,188) | 41 | (3,147) | (2,827) | 679 | (2,148) |
| Foreign currency translation adjustments (1) | 139,430 | (3,105) | 136,325 | (86,273) | 1,772 | (84,501) | 48,227 | (712) | 47,515 |
| Total change in other comprehensive income (loss) | $143,410 | $(2,432) | $140,978 | $(92,408) | $1,864 | $(90,544) | $39,489 | $458 | $39,947 |
(1) The tax shown above within theforeign 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.
Accumulated Other Comprehensive Loss (“AOCI”): The following table sets forth the changes in the components of AOCI by component for fiscal years 2025, 2024, and 2023:
| (in thousands) | Pension and postretirement liability and reclassification adjustments | Cash flow hedges | Foreign currency translation adjustments | Accumulated other comprehensive (loss) income |
|---|---|---|---|---|
| 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) |
| 2025 activity | (2,178) | 6,831 | 136,325 | 140,978 |
| Balance at December 27, 2025 | $(12,687) | $8,132 | $(828) | $(5,383) |
On October 4, 2024, the Company entered into a definitive agreement to purchase a group annuity contract, under which an insurance company will be required to pay pension payments to the Company’s United Kingdom pension plan to match required pension payments until a later buyout, at which point the insurance company will directly pay and administer the benefits to the plan's participants, or to their designated beneficiaries. The purchase of this group annuity contract will reduce the Company’s outstanding pension benefit obligation by approximately $25 million, representing approximately 31% of the total obligations of the Company’s qualified pension plans, and will be funded with pension plan assets and additional cash on hand. In connection with this transaction, the Company currently expects to record a one-time non-cash settlement charge in 2026 estimated between $6 million and $8 million, reflecting the accelerated recognition of a portion of unamortized actuarial losses in the plan. The actual settlement charge could differ from this estimate due to final data and plan wind-up expenses.
Due to the signing of the group annuity contract for the U.K. pension plan, the liabilities of the plan were remeasured as of October 4, 2024 resulting in an increase of $3.8 million to unamortized actuarial loss within other comprehensive (loss) income. See Note 11, Benefits Plans for further discussion.
Amounts reclassified from accumulated other comprehensive loss to earnings for fiscal years 2025, 2024, and 2023 were as follows:
| Fiscal Year Ended | |||
|---|---|---|---|
| (in thousands) | December 27, 2025 | December 28, 2024 | December 30, 2023 |
| Pension and postemployment and other plans: | |||
| Amortization of prior service, net actuarial loss (gain), and other | $1,941 | $3,441 | $(43) |
| Net settlement loss and accelerated prior service costs | 365 | 299 | 247 |
| Total | $2,306 | $3,740 | $204 |
The Company recognizes the amortization of prior service costs and net settlement loss in Other income, net, and Restructuring, impairment, and other charges within the Consolidated Statements of Net (Loss) Income.
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