Accumulated Other Comprehensive Income and Supplemental Equity Information Accumulated Other Comprehensive Income and Supplemental Equity Information

12 Months Ended

Jan. 03, 2015

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Comprehensive Income (Loss) Note [Text Block]

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) AND SUPPLEMENTAL EQUITY INFORMATION

The table below presents the changes in each component of accumulated other comprehensive income, net of tax, including other comprehensive income and the reclassifications out of accumulated other comprehensive income into net earnings for fiscal years 2014, 2013 and 2012 (in millions):

	Unrealized			Unrealized		Foreign			Accumulated
	Gain (Loss) On			Gain (Loss) On		Currency			Other
	Available-for-sale			Derivative		Translation			Comprehensive
	Securities			Instruments		Adjustment			Income
Accumulated other comprehensive income (loss) as of December 31, 2011	$	18		$	—	$	(2	)	$	16
Other comprehensive income (loss) before reclassifications	10			—		28			38
Amounts reclassified to net earnings from accumulated other comprehensive income	(8		)	—		—			(8		)
Other comprehensive income (loss)	2			—		28			30
Accumulated other comprehensive income (loss) as of December 29, 2012	20			—		26			46
Other comprehensive income (loss) before reclassifications	5			3		—			8
Amounts reclassified to net earnings from accumulated other comprehensive income	(8		)	—		—			(8		)
Other comprehensive income (loss)	(3		)	3		—			—
Accumulated other comprehensive income (loss) as of December 28, 2013	17			3		26			46
Other comprehensive income (loss) before reclassifications	—			—		(217		)	(217		)
Amounts reclassified to net earnings from accumulated other comprehensive income	(2		)	—		—			(2		)
Other comprehensive income (loss)	(2		)	—		(217		)	(219		)
Accumulated other comprehensive income (loss) as of January 3, 2015	$	15		$	3	$	(191	)	$	(173	)

Income taxes are not provided for foreign translation related to permanent investments in international subsidiaries. Reclassification adjustments are made to avoid double counting items in comprehensive income that are also recorded as part of net earnings. The following table provides details about reclassifications out of accumulated other comprehensive income and the line items impacted in the Company's Consolidated Statements of Earnings for fiscal years 2014, 2013 and 2012 (in millions):

Details about	Amounts reclassified from accumulated other comprehensive income
accumulated other comprehensive income components	2014			2013			2012			Statements of Earnings Classification
Unrealized gain on available-for-sale securities:
Gain on sale of available-for-sale securities	$	3		$	13		$	14		Other (income) expense
Tax effect	(1		)	(5		)	(6		)	Income tax expense
Net of tax	$	2		$	8		$	8

Supplemental Equity Information

On January 13, 2015, the Company authorized a share repurchase program of up to $500 million of its outstanding common stock. The Company began repurchasing shares on January 30, 2015. From January 30, 2015 through February 20, 2015, the Company repurchased 6.2 million shares for $413 million at an average repurchase price of $66.88 per share.

On February 20, 2015, the Company's Board of Directors authorized a cash dividend of $0.29 per share payable on April 30, 2015 to shareholders of record as of March 31, 2015.

During 2014, the Company exercised its exclusive option and paid $344 million to CardioMEMS' shareholders and $18 million for pre-existing fee and compensation arrangements to obtain the remaining 81% ownership interest. The $344 million has been classified as a financing activity in the Consolidated Statements of Cash Flows. As the Company retained its controlling interest, the payment resulted in a decrease in shareholders’ equity before noncontrolling interest of $297 million and a decrease in noncontrolling interest of $47 million. CardioMEMS’ results of operations continue to be included in the Company’s Consolidated Financial Statements.