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Accumulated Other Comprehensive Income (Loss) ("AOCI")
3 Months Ended
Sep. 27, 2019
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss) (AOCI)
Note F — Accumulated Other Comprehensive Income (Loss) (“AOCI”)
The components of AOCI are summarized below:
 
Foreign currency translation(1)
 
Net unrealized (losses) gains on hedging derivatives(2)
 
Unrecognized postretirement obligations(3)
 
Total AOCI
 
 
 
 
 
 
 
 
 
(In millions)
Balance at June 28, 2019
$
(106
)
 
$
(38
)
 
$
(563
)
 
$
(707
)
Other comprehensive loss
(25
)
 
(38
)
 

 
(63
)
Amounts reclassified to earnings from AOCI

 
1

 
13

 
14

Balance at September 27, 2019
$
(131
)
 
$
(75
)
 
$
(550
)
 
$
(756
)
 
 
 
 
 
 
 
 
Balance at June 29, 2018
$
(99
)
 
$
(20
)
 
$
(83
)
 
$
(202
)
Other comprehensive income (loss)

 
1

 
(1
)
 

Amounts reclassified to earnings from AOCI

 

 

 

Balance at September 28, 2018
$
(99
)
 
$
(19
)
 
$
(84
)
 
$
(202
)

_______________
(1)
Net of income taxes of $2 million at September 27, 2019, June 28, 2019, September 28, 2018 and June 29, 2018.
(2)
Net of income taxes of $24 million, $13 million, $6 million and $7 million at September 27, 2019, June 28, 2019, September 28, 2018 and June 29, 2018, respectively.
(3)
Net of income taxes of $183 million and $188 million at September 27, 2019 and June 28, 2019, respectively, and net of income taxes of $30 million at September 28, 2018 and June 29, 2018.

Reclassifications from AOCI into earnings for the quarter ended September 27, 2019 are presented in the table below:
 
Amounts reclassified from AOCI
 
Affected line item in the Condensed Consolidated Statement of Income (Unaudited)
 
 
 
 
 
(In millions)
 
 
Loss on hedging instruments
$
1

 
Engineering, selling and administrative expenses
 
$
1

 
Income from continuing operations
 
 
 
 
Postretirement benefit obligations
$
13

 
Gain on sale of business
 
4

 
Non-operating income
 
(4
)
 
Income taxes
 
$
13

 
Income from continuing operations
 
 
 
 
Total reclassifications for the period
$
14