Accumulated Other Comprehensive Income (Loss) ("AOCI")

3 Months Ended

Apr. 03, 2020

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			Net unrealized (losses) gains on hedging derivatives			Unrecognized postretirement obligations			Total AOCI
	(In millions)
Balance at January 3, 2020	$	(81	)	$	(55	)	$	(372	)	$	(508	)
Other comprehensive loss, before income taxes	(67		)	(98		)	(1		)	(166		)
Income taxes	—			25			—			25
Other comprehensive loss	(67		)	(73		)	(1		)	(141		)
Amounts reclassified to earnings from AOCI, before income taxes	—			3			(5		)	(2		)
Income taxes	—			(1		)	1			—
Amounts reclassified to earnings from AOCI	—			2			(4		)	(2		)
Balance at April 3, 2020	$	(148	)	$	(126	)	$	(377	)	$	(651	)
Balance at December 28, 2018	$	(107	)	$	(19	)	$	(85	)	$	(211	)
Other comprehensive income (loss), before income taxes	3			(11		)	(2		)	(10		)
Income taxes	—			3			1			4
Other comprehensive income (loss)	3			(8		)	(1		)	(6		)
Balance at March 29, 2019	$	(104	)	$	(27	)	$	(86	)	$	(217	)