Accumulated Other Comprehensive (Loss) Income (AOCI)

3 Months Ended

Mar. 25, 2016

Equity [Abstract]

Accumulated Other Comprehensive (Loss) Income (AOCI)

12.  Accumulated Other Comprehensive (Loss) Income (AOCI)

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 on hedging instruments			Unrecognized losses and prior service cost, net			Total accumulated other comprehensive (loss) income
	(in millions)
Balance at December 31, 2015	$	(101	)	$	(8	)	$	(465	)	$	(574	)
Other comprehensive income before reclassifications, net of tax		1			6			—			7
Amounts reclassified from AOCI, net of tax		—			1			8			9
Net current period other comprehensive income		1			7			8			16
Balance at March 25, 2016	$	(100	)	$	(1	)	$	(457	)	$	(558	)
Balance at December 31, 2014	$	19		$	(5	)	$	(598	)	$	(584	)
Other comprehensive loss before reclassifications, net of tax		(87	)		(5	)		—			(92	)
Amounts reclassified from AOCI, net of tax		—			2			11			13
Net current period other comprehensive (loss) income		(87	)		(3	)		11			(79	)
Balance at March 27, 2015	$	(68	)	$	(8	)	$	(587	)	$	(663	)

Further details regarding the amounts reclassified from AOCI into net income are presented in the table below.

	Amount Reclassified from AOCI(a)
	First Quarter Ended
Details About AOCI Components	March 25, 2016			March 27, 2015
	(in millions)
Loss on hedging instruments	$	(3	)	$	(2	)	Cost of sales-products
		(3	)		(2	)	Income from continuing operations before income taxes
		2			—		Provision for income taxes
	$	(1	)	$	(2	)	Income from continuing operations
Amortization of defined benefit pension items:
Net loss	$	(12	)	$	(17	)	(b)
		(12	)		(17	)	Income from continuing operations before income taxes
		4			6		Provision for income taxes
	$	(8	)	$	(11	)	Income from continuing operations
Total reclassification for the period	$	(9	)	$	(13	)	Income from continuing operations

^(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 19 for additional information).