Accumulated Other Comprehensive Loss and Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jul. 02, 2016

Accumulated Other Comprehensive Loss and Other Comprehensive Income (Loss)

Schedule of components of Accumulated Other Comprehensive Loss

(In millions)	Pension and Postretirement Benefits Adjustments		Deferred Gains (Losses) on Hedge Contracts		Foreign Currency Translation Adjustments		Accumulated Other Comprehensive Loss
For the six months ended July 2, 2016
Beginning of the period	$	(1,327)	$	(24)	$	(47)	$	(1,398)
Other comprehensive income before reclassifications	5		14		4		23
Reclassified from Accumulated other comprehensive loss	31		11		—		42
Other comprehensive income	36		25		4		65
End of the period	$	(1,291)	$	1	$	(43)	$	(1,333)
For the six months ended July 4, 2015
Beginning of the period	$	(1,511)	$	(13)	$	18	$	(1,506)
Other comprehensive income (loss) before reclassifications	62		(14)		(46)		2
Reclassified from Accumulated other comprehensive loss	49		6		—		55
Other comprehensive income (loss)	111		(8)		(46)		57
End of the period	$	(1,400)	$	(21)	$	(28)	$	(1,449)

Schedule of before and after-tax components of other comprehensive income (loss)

	July 2, 2016						July 4, 2015
(In millions)	Pre-Tax Amount		Tax (Expense) Benefit		After-Tax Amount		Pre-Tax Amount		Tax (Expense) Benefit		After-Tax Amount
Three Months Ended
Pension and postretirement benefits adjustments:
Amortization of net actuarial loss*	$	26	$	(10)	$	16	$	39	$	(14)	$	25
Amortization of prior service credit*	(2)		1		(1)		—		—		—
Unrealized gains	—		—		—		98		(36)		62
Pension and postretirement benefits adjustments, net	24		(9)		15		137		(50)		87
Deferred gains on hedge contracts:
Current deferrals	(2)		—		(2)		3		(1)		2
Reclassification adjustments	8		(2)		6		3		(1)		2
Deferred gains on hedge contracts, net	6		(2)		4		6		(2)		4
Foreign currency translation adjustments	(14)		(6)		(20)		9		1		10
Total	$	16	$	(17)	$	(1)	$	152	$	(51)	$	101
Six Months Ended
Pension and postretirement benefits adjustments:
Amortization of net actuarial loss*	$	52	$	(19)	$	33	$	78	$	(28)	$	50
Amortization of prior service credit*	(4)		2		(2)		(2)		1		(1)
Unrealized gains	7		(2)		5		98		(36)		62
Pension and postretirement benefits adjustments, net	55		(19)		36		174		(63)		111
Deferred gains (losses) on hedge contracts:
Current deferrals	20		(6)		14		(18)		4		(14)
Reclassification adjustments	15		(4)		11		9		(3)		6
Deferred gains (losses) on hedge contracts, net	35		(10)		25		(9)		1		(8)
Foreign currency translation adjustments	11		(7)		4		(43)		(3)		(46)
Total	$	101	$	(36)	$	65	$	122	$	(65)	$	57

*These components of other comprehensive income are included in the computation of net periodic pension cost.  See Note 11 of our 2015 Annual Report on Form 10-K for additional information.