Accumulated Other Comprehensive Loss and Other Comprehensive Income (Tables)

9 Months Ended

Sep. 27, 2014

Accumulated Other Comprehensive Loss and Other Comprehensive Income

Schedule of components of Accumulated Other Comprehensive Loss

(In millions)	Foreign Currency Translation Adjustments		Pension and Postretirement Benefits Adjustments		Deferred Gains/Losses on Hedge Contracts		Accumulated Other Comprehensive Loss
For the nine months ended September 27, 2014
Beginning balance	$	93	$	(1,110)	$	(10)	$	(1,027	)
Other comprehensive income (loss) before reclassifications	(47)		9		(4)		(42		)
Amounts reclassified from Accumulated Other Comprehensive Loss	—		53		6		59
Other comprehensive income (loss)	(47)		62		2		17
Ending balance	$	46	$	(1,048)	$	(8)	$	(1,010	)
For the nine months ended September 28, 2013
Beginning balance	$	81	$	(1,857)	$	6	$	(1,770	)
Other comprehensive income (loss) before reclassifications	3		—		(9)		(6		)
Amounts reclassified from Accumulated Other Comprehensive Loss	—		127		(2)		125
Other comprehensive income (loss)	3		127		(11)		119
Ending balance	$	84	$	(1,730)	$	(5)	$	(1,651	)

Schedule of before and after-tax components of Other Comprehensive Income

(In millions)	Pre-Tax Amount			Tax (Expense) Benefit			After-Tax Amount
For the three months ended September 27, 2014
Pension and postretirement benefits adjustments:
Amortization of net actuarial loss*	$	28		$	(10	)	$	18
Amortization of prior service credit*	(2		)	1			(1		)
Pension and postretirement benefits adjustments, net	26			(9		)	17
Deferred gains/losses on hedge contracts:
Current deferrals	(9		)	3			(6		)
Reclassification adjustments	2			(1		)	1
Deferred gains/losses on hedge contracts, net	(7		)	2			(5		)
Foreign currency translation adjustments	(39		)	(4		)	(43		)
Total	$	(20	)	$	(11	)	$	(31	)
For the three months ended September 28, 2013
Pension and postretirement benefits adjustments:
Amortization of net actuarial loss*	$	48		$	(18	)	$	30
Amortization of prior service credit*	(2		)	1			(1		)
Amendment to postretirement benefit plan	55			(20		)	35
Pension and postretirement benefits adjustments, net	101			(37		)	64
Deferred gains/losses on hedge contracts:
Current deferrals	3			(1		)	2
Deferred gains/losses on hedge contracts, net	3			(1		)	2
Foreign currency translation adjustments	8			4			12
Total	$	112		$	(34	)	$	78
For the nine months ended September 27, 2014
Pension and postretirement benefits adjustments:
Amortization of net actuarial loss*	$	85		$	(30	)	$	55
Amortization of prior service credit*	(5		)	3			(2		)
Amendment to postretirement benefit plan	15			(6		)	9
Pension and postretirement benefits adjustments, net	95			(33		)	62
Deferred gains/losses on hedge contracts:
Current deferrals	(7		)	3			(4		)
Reclassification adjustments	9			(3		)	6
Deferred gains/losses on hedge contracts, net	2			—			2
Foreign currency translation adjustments	(46		)	(1		)	(47		)
Total	$	51		$	(34	)	$	17
For the nine months ended September 28, 2013
Pension and postretirement benefits adjustments:
Amortization of net actuarial loss*	$	143		$	(51	)	$	92
Amendment to postretirement benefit plan	55			(20		)	35
Pension and postretirement benefits adjustments, net	198			(71		)	127
Deferred gains/losses on hedge contracts:
Current deferrals	(11		)	2			(9		)
Reclassification adjustments	(3		)	1			(2		)
Deferred gains/losses on hedge contracts, net	(14		)	3			(11		)
Foreign currency translation adjustments	6			(3		)	3
Total	$	190		$	(71	)	$	119

*These components of other comprehensive income are included in the computation of net periodic pension cost.  See Note 11 of our 2013 Annual Report on Form 10-K for additional information.