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Amounts Reclassified Out of Accumulated Other Comprehensive (Loss) Income (Tables)
3 Months Ended
Mar. 28, 2014
Text Block [Abstract]  
Summary of Amounts Reclassified Out of Accumulated Other Comprehensive (Loss) Income

The amounts reclassified from Accumulated Other Comprehensive (Loss) Income (AOCI) for the quarters ended March 28, 2014 and March 29, 2013 are presented in the table below.

 

    Foreign
currency
translation
    Unrealized
gains
(losses) on
hedging
instruments
    Unrecognized
(losses) and
prior service
cost, net
    Total
accumulated
other
comprehensive
(loss) income
 
    (in millions)  

Balance at December 31, 2012

  $ 167      $ 3      $ (720   $ (550

Other comprehensive loss before reclassifications

    (34     (3     —          (37

Amounts reclassified from other comprehensive income, net of tax

    —          —          13        13   
 

 

 

   

 

 

   

 

 

   

 

 

 

Net current period other comprehensive (loss) income

  $ (34   $ (3   $ 13      $ (24
 

 

 

   

 

 

   

 

 

   

 

 

 

Balance at March 29, 2013

  $ 133      $ —        $ (707   $ (574
 

 

 

   

 

 

   

 

 

   

 

 

 

Balance at December 31, 2013

  $ 142      $ 1      $ (253   $ (110

Other comprehensive loss before reclassifications, net of tax

    (16     (2     —          (18

Amounts reclassified from other comprehensive (loss) income, net of tax

    —          (3     3        —     
 

 

 

   

 

 

   

 

 

   

 

 

 

Net current period other comprehensive (loss) income

    (16     (5     3        (18
 

 

 

   

 

 

   

 

 

   

 

 

 

Balance at March 28, 2014

  $ 126      $ (4   $ (250   $ (128
 

 

 

   

 

 

   

 

 

   

 

 

 

Further details regarding the amounts reclassified from AOCI for the quarter ended March 28, 2014 are presented in the table below.

 

     Amount Reclassified from AOCI    

Affected Line Item in the
Unaudited Condensed Consolidated
Statements of  Operations

     First Quarter Ended    

Details About AOCI

   March 28,
2014
    March 29,
2013
   
     (in millions)     (in millions)      

Loss on hedging instruments

   $ (5   $ —       

Cost of sales-products

  

 

 

   

 

 

   
     (5     —       

Income before income taxes

     2        —       

Benefit for income taxes

  

 

 

   

 

 

   
   $ (3   $ —       

Net income

  

 

 

   

 

 

   

Amortization of defined benefit pension items:

      

Net loss

   $ 4      $ 22     

(a)

  

 

 

   

 

 

   
     4        22     

Income before income taxes

     (1     (9  

Provision for income taxes

  

 

 

   

 

 

   
   $ 3      $ 13     

Net Income

  

 

 

   

 

 

   

Total reclassification for the period

   $ —        $ 13     

Net Income

  

 

 

   

 

 

   

 

(a) 

Amounts related to pension and postretirement benefit plans were reclassified from AOCI and recorded as a component of net periodic benefit cost (see Note 19 for additional information).