Shareholders' Equity

12 Months Ended

Dec. 29, 2012

Stockholders' Equity Note [Abstract]

Shareholders' Equity

Shareholders’ Equity

Under the authority of our Board of Directors, we repurchased shares of our Common Stock during 2012, 2011 and 2010.  All amounts exclude applicable transaction fees.  

	Shares Repurchased (thousands)						Dollar Value of Shares Repurchased
Authorization Date	2012		2011		2010		2012			2011			2010
November 2012	1,069		—		—		$	47		$	—		$	—
November 2011	11,035		—		—		750			—			—
January 2011	2,787		10,864		—		188			562			—
March 2010	—		3,441		2,161		—			171			107
September 2009	—		—		7,598		—			—			283
Total	14,891	(a)	14,305	(b)	9,759	(b)	$	985	(a)	$	733	(b)	$	390	(b)

(a) 2012 amount includes the effect of $20 million in share repurchases (0.3 million shares) with trade dates prior to December 29, 2012 but with settlement dates subsequent to December 29, 2012.

(b) 2011 amount excludes and 2010 amount includes the effect of $19 million in share repurchases (0.4 million shares) with trade dates prior to the 2010 fiscal year end but cash settlement dates subsequent to the 2010 fiscal year.

On November 16, 2012, our Board of Directors authorized share repurchases through May 2014 of up to $1 billion (excluding applicable transaction fees) of our outstanding Common Stock. As of December 29, 2012, we have $953 million available for future repurchases under our November 2012 share repurchase authorization.

Accumulated Other Comprehensive Income (Loss) – Comprehensive income is Net Income plus certain other items that are recorded directly to Shareholders’ Equity.  The following table gives further detail regarding the composition of Accumulated other comprehensive loss at December 29, 2012 and December 31, 2011.  Refer to Note 14 for additional information about our pension and post-retirement plan accounting and Note 12 for additional information about our derivative instruments.

	2012			2011
Translation adjustments and gains (losses) from intra-entity transactions of a long-term investment nature, net of tax	$	166		$	140
Pension and post-retirement losses, net of tax	(286		)	(375		)
Net unrealized losses on derivative instruments, net of tax	(12		)	(12		)
Total Accumulated other comprehensive loss	$	(132	)	$	(247	)

Changes in translation adjustments and gains (losses) from intra-entity transactions of a long-term investment nature include current year additions of $26 million, net of tax effects of $3 million, and reclassifications of currency translation adjustments of $3 million.