Reclassification to earnings due to the sale of businesses, pre-tax amount

  
THE HERSHEY COMPANY CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (in thousands)(unaudited)  


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|  |  | For the Three Months Ended |  | For the Nine Months Ended |
|  |  | October 2, 2022 |  | October 3, 2021 |  | October 2, 2022 |  | October 3, 2021 |
|  |  | Pre-Tax Amount |  | Tax (Expense) Benefit |  | After-Tax Amount |  | Pre-Tax Amount |  | Tax (Expense) Benefit |  | After-Tax Amount |  | Pre-Tax Amount |  | Tax (Expense) Benefit |  | After-Tax Amount |  | Pre-Tax Amount |  | Tax (Expense) Benefit |  | After-Tax Amount |
| Net income including noncontrolling interest |  |  |  |  |  | $ | 399,487  |  |  |  |  |  |  | $ | 444,927  |  |  |  |  |  |  | $ | 1,248,521  |  |  |  |  |  |  | $ | 1,143,028  |  |
| Other comprehensive income, net of tax: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Foreign currency translation adjustments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Foreign currency translation (losses) gains during period |  | $ | (13,511) |  |  | $ | —  |  |  | (13,511) |  |  | $ | (11,571) |  |  | $ | —  |  |  | (11,571) |  |  | $ | (15,851) |  |  | $ | —  |  |  | (15,851) |  |  | $ | 2,623  |  |  | $ | —  |  |  | 2,623  |  |
| Reclassification to earnings due to the sale of businesses |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | 5,210  |  |  | —  |  |  | 5,210  |  |
| Pension and post-retirement benefit plans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Net actuarial (loss) gain and service cost |  | (27,909) |  |  | 6,704  |  |  | (21,205) |  |  | (8,793) |  |  | 2,093  |  |  | (6,700) |  |  | (66,720) |  |  | 13,895  |  |  | (52,825) |  |  | 11,912  |  |  | (2,835) |  |  | 9,077  |  |
| Reclassification to earnings |  | 6,904  |  |  | (1,657) |  |  | 5,247  |  |  | 8,457  |  |  | (671) |  |  | 7,786  |  |  | 20,345  |  |  | (4,883) |  |  | 15,462  |  |  | 24,246  |  |  | (4,739) |  |  | 19,507  |  |
| Cash flow hedges: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Gains (losses) on cash flow hedging derivatives |  | 891  |  |  | (706) |  |  | 185  |  |  | 5,779  |  |  | (2,153) |  |  | 3,626  |  |  | 245  |  |  | (1,343) |  |  | (1,098) |  |  | (2,200) |  |  | (2,312) |  |  | (4,512) |  |
| Reclassification to earnings |  | 2,258  |  |  | (643) |  |  | 1,615  |  |  | 4,709  |  |  | (119) |  |  | 4,590  |  |  | 9,143  |  |  | (1,666) |  |  | 7,477  |  |  | 13,527  |  |  | (501) |  |  | 13,026  |  |
| Total other comprehensive income, net of tax |  | $ | (31,367) |  |  | $ | 3,698  |  |  | (27,669) |  |  | $ | (1,419) |  |  | $ | (850) |  |  | (2,269) |  |  | $ | (52,838) |  |  | $ | 6,003  |  |  | (46,835) |  |  | $ | 55,318  |  |  | $ | (10,387) |  |  | 44,931  |  |
| Total comprehensive income including noncontrolling interest |  |  |  |  |  | $ | 371,818  |  |  |  |  |  |  | $ | 442,658  |  |  |  |  |  |  | $ | 1,201,686  |  |  |  |  |  |  | $ | 1,187,959  |  |
| Comprehensive (loss) income attributable to noncontrolling interest |  |  |  |  |  | —  |  |  |  |  |  |  | (5) |  |  |  |  |  |  | —  |  |  |  |  |  |  | 6,321  |  |
| Comprehensive income attributable to The Hershey Company |  |  |  |  |  | $ | 371,818  |  |  |  |  |  |  | $ | 442,663  |  |  |  |  |  |  | $ | 1,201,686  |  |  |  |  |  |  | $ | 1,181,638  |  |
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See Notes to Unaudited Consolidated Financial Statements.  


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| [Table of Contents](#i0bc28196a24d4084af1a4cbdf6bdf4bd_7) | The Hershey Company | Q3 2022 Form 10-Q | Page 3 | hsy-20221002_g2.jpg |

  

