Accumulated Other Comprehensive Loss and Other Comprehensive Income (Tables)

3 Months Ended

Apr. 04, 2015

Accumulated Other Comprehensive Loss and Other Comprehensive Income

Schedule of components of Accumulated Other Comprehensive Loss

(In millions)	Pension and Postretirement Benefit Adjustments		Deferred Gains/Losses on Hedge Contracts		Foreign Currency Translation Adjustments		Accumulated Other Comprehensive Loss
For the three months ended April 4, 2015
Beginning balance	$	(1,511)	$	(13)	$	18	$	(1,506)
Other comprehensive loss before reclassifications	—		(16)		(56)		(72)
Reclassified from Accumulated other comprehensive loss	24		4		—		28
Other comprehensive income (loss)	24		(12)		(56)		(44)
Ending balance	$	(1,487)	$	(25)	$	(38)	$	(1,550)
For the three months ended March 29, 2014
Beginning balance	$	(1,110)	$	(10)	$	93	$	(1,027)
Other comprehensive loss before reclassifications	—		(9)		(6)		(15)
Reclassified from Accumulated other comprehensive loss	18		2		—		20
Other comprehensive income (loss)	18		(7)		(6)		5
Ending balance	$	(1,092)	$	(17)	$	87	$	(1,022)

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 April 4, 2015
Pension and postretirement benefits adjustments:
Amortization of net actuarial loss*	$	39	$	(14)	$	25
Amortization of prior service credit*	(2)		1		(1)
Pension and postretirement benefits adjustments, net	37		(13)		24
Deferred gains/losses on hedge contracts:
Current deferrals	(21)		5		(16)
Reclassification adjustments	6		(2)		4
Deferred gains/losses on hedge contracts, net	(15)		3		(12)
Foreign currency translation adjustments	(52)		(4)		(56)
Total	$	(30)	$	(14)	$	(44)
For the three months ended March 29, 2014
Pension and postretirement benefits adjustments:
Amortization of net actuarial loss*	$	29	$	(10)	$	19
Amortization of prior service credit*	(2)		1		(1)
Pension and postretirement benefits adjustments, net	27		(9)		18
Deferred gains/losses on hedge contracts:
Current deferrals	(11)		2		(9)
Reclassification adjustments	2		—		2
Deferred gains/losses on hedge contracts, net	(9)		2		(7)
Foreign currency translation adjustments	(7)		1		(6)
Total	$	11	$	(6)	$	5

*These components of other comprehensive income are included in the computation of net periodic pension cost.  See Note 11 of our 2014 Annual Report on Form 10-K for additional information.