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Accumulated Other Comprehensive Income/(Losses) (Tables) - AOCI Attributable to Parent
9 Months Ended
Sep. 29, 2018
Accumulated Other Comprehensive Income/(Loss) [Line Items]  
Components of and Changes in Accumulated Other Comprehensive Income/(Losses)
The components of, and changes in, accumulated other comprehensive income/(losses), net of tax, were as follows (in millions):
 
Foreign Currency Translation Adjustments
 
Net Postemployment Benefit Plan Adjustments
 
Net Cash Flow Hedge Adjustments
 
Total
Balance as of December 30, 2017
$
(1,587
)
 
$
549

 
$
(16
)
 
$
(1,054
)
Foreign currency translation adjustments
(804
)
 

 

 
(804
)
Net deferred gains/(losses) on net investment hedges
158

 

 

 
158

Amounts excluded from the effectiveness assessment of net investment hedges
3

 

 

 
3

Net deferred losses/(gains) on net investment hedges reclassified to net income
(2
)
 

 

 
(2
)
Net deferred gains/(losses) on cash flow hedges

 

 
40

 
40

Net deferred losses/(gains) on cash flow hedges reclassified to net income

 

 
(10
)
 
(10
)
Net postemployment benefit gains/(losses) arising during the period

 
70

 

 
70

Net postemployment benefit losses/(gains) reclassified to net income

 
(133
)
 

 
(133
)
Total other comprehensive income/(loss)
(645
)
 
(63
)
 
30

 
(678
)
Balance as of September 29, 2018
$
(2,232
)
 
$
486

 
$
14

 
$
(1,732
)
Gross Amount and Related Tax Benefit/(Expense) Recorded in and Associated with each Component of Other Comprehensive Income/(Loss)
The gross amount and related tax benefit/(expense) recorded in, and associated with, each component of other comprehensive income/(loss) were as follows:
 
For the Three Months Ended
 
September 29,
2018
 
September 30,
2017
 
Before Tax Amount
 
Tax
 
Net of Tax Amount
 
Before Tax Amount
 
Tax
 
Net of Tax Amount
 
(in millions)
Foreign currency translation adjustments
$
(144
)
 
$

 
$
(144
)
 
$
421

 
$

 
$
421

Net deferred gains/(losses) on net investment hedges
16

 
(3
)
 
13

 
(200
)
 
76

 
(124
)
Amounts excluded from the effectiveness assessment of net investment hedges
7

 
(4
)
 
3

 

 

 

Net deferred losses/(gains) on net investment hedges reclassified to net income
(6
)
 
4

 
(2
)
 

 

 

Net deferred gains/(losses) on cash flow hedges
(17
)
 
1

 
(16
)
 
(76
)
 
6

 
(70
)
Net deferred losses/(gains) on cash flow hedges reclassified to net income
11

 
1

 
12

 
51

 

 
51

Net actuarial gains/(losses) arising during the period
22

 
(5
)
 
17

 
(1
)
 
(3
)
 
(4
)
Net postemployment benefit losses/(gains) reclassified to net income
(77
)
 
19

 
(58
)
 
(83
)
 
32

 
(51
)
 
For the Nine Months Ended
 
September 29,
2018
 
September 30,
2017
 
Before Tax Amount
 
Tax
 
Net of Tax Amount
 
Before Tax Amount
 
Tax
 
Net of Tax Amount
 
(in millions)
Foreign currency translation adjustments
$
(804
)
 
$

 
$
(804
)
 
$
1,181

 
$

 
$
1,181

Net deferred gains/(losses) on net investment hedges
206

 
(48
)
 
158

 
(568
)
 
241

 
(327
)
Amounts excluded from the effectiveness assessment of net investment hedges
7

 
(4
)
 
3

 

 

 

Net deferred losses/(gains) on net investment hedges reclassified to net income
(6
)
 
4

 
(2
)
 

 

 

Net deferred gains/(losses) on cash flow hedges
46

 
(6
)
 
40

 
(147
)
 
11

 
(136
)
Net deferred losses/(gains) on cash flow hedges reclassified to net income
(9
)
 
(1
)
 
(10
)
 
96

 
1

 
97

Net actuarial gains/(losses) arising during the period
93

 
(23
)
 
70

 
(11
)
 
(2
)
 
(13
)
Prior service credits/(costs) arising during the period

 

 

 
2

 
(1
)
 
1

Net postemployment benefit losses/(gains) reclassified to net income
(177
)
 
44

 
(133
)
 
(423
)
 
163

 
(260
)

Amounts Reclassified From Accumulated Other Comprehensive Income/(Losses)
The amounts reclassified from accumulated other comprehensive income/(losses) were as follows (in millions):
Accumulated Other Comprehensive Income/(Losses) Component
 
 Reclassified from Accumulated Other Comprehensive Income/(Losses) to Net Income/(Loss)
 
Affected Line Item in the Statements of Income
 
 
For the Three Months Ended
 
For the Nine Months Ended
 
 
 
 
September 29,
2018
 
September 30,
2017
 
September 29,
2018
 
September 30,
2017
 
 
Losses/(gains) on net investment hedges:
 
 
 
 
 
 
 
 
 
 
Cross-currency contracts(a)
 
$
(6
)
 
$

 
$
(6
)
 
$

 
Interest expense
Losses/(gains) on cash flow hedges:
 
 
 
 
 
 
 
 
 

Foreign exchange contracts(b)
 

 
(2
)
 
9

 
(5
)
 
Cost of products sold
Foreign exchange contracts(b)
 
10

 
52

 
(21
)
 
98

 
Other expense/(income), net
Interest rate contracts
 
1

 
1

 
3

 
3

 
Interest expense
Losses/(gains) on hedges before income taxes
 
5

 
51

 
(15
)
 
96

 
 
Losses/(gains) on hedges, income taxes
 
5

 

 
3

 
1

 
 
Losses/(gains) on hedges
 
$
10

 
$
51

 
$
(12
)
 
$
97

 
 
 
 
 
 
 
 
 
 
 
 
 
Losses/(gains) on postemployment benefits:
 
 
 
 
 
 
 
 
 

Amortization of unrecognized losses/(gains)
 
$
1

 
$

 
$
2

 
$
1

 
(c)
Amortization of prior service costs/(credits)
 
(77
)
 
(77
)
 
(233
)
 
(250
)
 
(c)
Settlement and curtailment losses/(gains)
 
(1
)
 
(6
)
 
54

 
(174
)
 
(c)
Losses/(gains) on postemployment benefits before income taxes
 
(77
)
 
(83
)
 
(177
)
 
(423
)
 
 
Losses/(gains) on postemployment benefits, income taxes
 
19

 
32

 
44

 
163

 
 
Losses/(gains) on postemployment benefits
 
$
(58
)
 
$
(51
)
 
$
(133
)
 
$
(260
)
 
 

(a)
Represents recognition of the excluded component in net income.
(b)
Includes amortization of the excluded component and the effective portion of the related hedges.
(c)
These components are included in the computation of net periodic postemployment benefit costs. See Note 9, Postemployment Benefits, for additional information.