Shareholders' Equity (Tables)

12 Months Ended

Dec. 31, 2016

Shareholders' Equity

Capital Stock

(In thousands)	2016	2015	2014
Balance at beginning of year	274,228	276,582	282,059
Stock repurchases	(6,898)	(5,197)	(8,921)
Share-based compensation activity	2,957	2,843	3,444
Balance at end of year	270,287	274,228	276,582

Weighted-average shares outstanding for basic and diluted EPS

(In thousands)	2016	2015	2014
Basic weighted-average shares outstanding	270,774	276,682	279,409
Dilutive effect of:
Stock options	1,591	2,045	2,049
Accelerated Share Repurchase agreement	—	—	332
Diluted weighted-average shares outstanding	272,365	278,727	281,790

Schedule of components of Accumulated Other Comprehensive Loss

(In millions)		Pension and Postretirement Benefits Adjustments		Foreign Currency Translation Adjustments		Deferred Gains (Losses) on Hedge Contracts		Accumulated Other Comprehensive Loss
Balance at January 3, 2015	$	(1,511)	$	18	$	(13)	$	(1,506)
Other comprehensive income (loss) before reclassifications		92		(65)		(26)		1
Reclassified from Accumulated other comprehensive loss		92		—		15		107
Other comprehensive income (loss)		184		(65)		(11)		108
Balance at January 2, 2016	$	(1,327)	$	(47)	$	(24)	$	(1,398)
Other comprehensive income (loss) before reclassifications		(240)		(49)		7		(282)
Reclassified from Accumulated other comprehensive loss		62		—		13		75
Other comprehensive income (loss)		(178)		(49)		20		(207)
Balance at December 31, 2016	$	(1,505)	$	(96)	$	(4)	$	(1,605)

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

		2016							2015							2014
(In millions)		Pre-Tax Amount		Tax (Expense) Benefit		After-Tax Amount			Pre-Tax Amount		Tax (Expense) Benefit		After-Tax Amount			Pre-Tax Amount		Tax (Expense) Benefit		After-Tax Amount
Pension and postretirement benefits adjustments:
Unrealized gains (losses)	$	(382)	$	135	$		(247)	$	136	$	(44)	$		92	$	(734)	$	252	$		(482)
Amortization of net actuarial loss*		104		(39)			65		150		(53)			97		114		(40)			74
Amortization of prior service credit*		(7)		4			(3)		(7)		2			(5)		(8)		4			(4)
Recognition of prior service credit		12		(5)			7		—		—			—		18		(7)			11
Pension and postretirement benefits adjustments, net		(273)		95			(178)		279		(95)			184		(610)		209			(401)
Deferred gains (losses) on hedge contracts:
Current deferrals		11		(4)			7		(33)		7			(26)		(16)		4			(12)
Reclassification adjustments		17		(4)			13		19		(4)			15		12		(3)			9
Deferred gains (losses) on hedge contracts, net		28		(8)			20		(14)		3			(11)		(4)		1			(3)
Foreign currency translation adjustments		(36)		(13)			(49)		(55)		(10)			(65)		(71)		(4)			(75)
Total	$	(281)	$	74	$		(207)	$	210	$	(102)	$		108	$	(685)	$	206	$		(479)

*These components of other comprehensive income (loss) are included in the computation of net periodic pension cost. See Note 11 for additional information.