The changes in the AOCI balances, including amounts
reclassified from AOCI into net income, are presented in the table
below.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Foreign
currency
translation |
|
|
Unrealized
(losses)
gains on
hedging
instruments |
|
|
Unrecognized
losses and
prior service
cost, net |
|
|
Total
accumulated
other
comprehensive
(loss) income |
|
| |
|
(in
millions) |
|
|
Balance at December 31, 2014
|
|
$ |
19 |
|
|
$ |
(5 |
) |
|
$ |
(598 |
) |
|
$ |
(584 |
) |
|
Other comprehensive loss before reclassifications, net of tax
|
|
|
(70 |
) |
|
|
(2 |
) |
|
|
— |
|
|
|
(72 |
) |
|
Amounts reclassified from AOCI, net of tax
|
|
|
41 |
|
|
|
6 |
|
|
|
31 |
|
|
|
78 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net current period other comprehensive (loss) income
|
|
|
(29 |
) |
|
|
4 |
|
|
|
31 |
|
|
|
6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at June 26, 2015
|
|
$ |
(10 |
) |
|
$ |
(1 |
) |
|
$ |
(567 |
) |
|
$ |
(578 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at December 31, 2013
|
|
$ |
142 |
|
|
$ |
1 |
|
|
$ |
(253 |
) |
|
$ |
(110 |
) |
|
Other comprehensive income before reclassifications, net of tax
|
|
|
6 |
|
|
|
(2 |
) |
|
|
— |
|
|
|
4 |
|
|
Amounts reclassified from AOCI, net of tax
|
|
|
— |
|
|
|
5 |
|
|
|
5 |
|
|
|
10 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net current period other comprehensive income
|
|
|
6 |
|
|
|
3 |
|
|
|
5 |
|
|
|
14 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at June 27, 2014
|
|
$ |
148 |
|
|
$ |
4 |
|
|
$ |
(248 |
) |
|
$ |
(96 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Further details regarding the amounts reclassified
from AOCI into net income are presented in the table below.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Amount Reclassified from AOCI(a) |
|
|
Affected Line Item in the
Unaudited Condensed Consolidated
Statements of Operations
|
| |
|
Second Quarter Ended |
|
|
First Half Ended |
|
|
|
Details About AOCI Components
|
|
June 26,
2015 |
|
|
June 27,
2014 |
|
|
June 26,
2015 |
|
|
June 27,
2014 |
|
|
| |
|
(in
millions) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Foreign currency translation adjustment:
MSI divestiture
|
|
$ |
(41 |
) |
|
$ |
— |
|
|
$ |
(41 |
) |
|
$ |
— |
|
|
Gain (loss) related to business
divestitures |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(41 |
) |
|
|
— |
|
|
|
(41 |
) |
|
|
— |
|
|
Income before income taxes |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Provision for income taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
(41 |
) |
|
$ |
— |
|
|
$ |
(41 |
) |
|
$ |
— |
|
|
Net income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Losses on hedging instruments:
MSI divestiture
|
|
$ |
(2 |
) |
|
$ |
— |
|
|
$ |
(2 |
) |
|
$ |
— |
|
|
Gain (loss) related to business
divestitures |
|
Other
|
|
|
(4 |
) |
|
|
(2 |
) |
|
|
(6 |
) |
|
|
(7 |
) |
|
Cost of sales-products |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(6 |
) |
|
|
(2 |
) |
|
|
(8 |
) |
|
|
(7 |
) |
|
Income before income taxes |
|
|
|
2 |
|
|
|
— |
|
|
|
2 |
|
|
|
2 |
|
|
Provision for income taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
(4 |
) |
|
$ |
(2 |
) |
|
$ |
(6 |
) |
|
$ |
(5 |
) |
|
Net income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortization of defined benefit pension items:
MSI divestiture
|
|
$ |
(14 |
) |
|
$ |
— |
|
|
$ |
(14 |
) |
|
$ |
— |
|
|
Gain (loss) related to business
divestitures |
|
Net loss
|
|
|
(16 |
) |
|
|
(4 |
) |
|
|
(33 |
) |
|
|
(8 |
) |
|
(b) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(30 |
) |
|
|
(4 |
) |
|
|
(47 |
) |
|
|
(8 |
) |
|
Income before income taxes |
|
|
|
10 |
|
|
|
2 |
|
|
|
16 |
|
|
|
3 |
|
|
Provision for income taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
(20 |
) |
|
$ |
(2 |
) |
|
$ |
(31 |
) |
|
$ |
(5 |
) |
|
Net income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total reclassification for the period
|
|
$ |
(65 |
) |
|
$ |
(4 |
) |
|
$ |
(78 |
) |
|
$ |
(10 |
) |
|
Net income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (a) |
Amounts in parenthesis indicate charges to the unaudited
condensed consolidated statements of operations.
|
| (b) |
Amounts related to pension and postretirement benefit
plans were reclassified from AOCI and recorded as a component of
net periodic benefit cost (see Note 18 for additional
information).
|
|