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

6 Months Ended

Jul. 01, 2017

Accumulated Other Comprehensive Loss and Other Comprehensive Income (Loss)

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
For the six months ended July 1, 2017
Beginning of period	$	(1,505)	$	(96)	$	(4)	$	(1,605)
Other comprehensive income before reclassifications		—		64		3		67
Reclassified from Accumulated other comprehensive loss		47		—		5		52
Other comprehensive income		47		64		8		119
End of period	$	(1,458)	$	(32)	$	4	$	(1,486)
For the six months ended July 2, 2016
Beginning of period	$	(1,327)	$	(47)	$	(24)	$	(1,398)
Other comprehensive income before reclassifications		5		4		14		23
Reclassified from Accumulated other comprehensive loss		31		—		11		42
Other comprehensive income		36		4		25		65
End of period	$	(1,291)	$	(43)	$	1	$	(1,333)

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

	July 1, 2017						July 2, 2016
(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*	$	34	$	(12)	$	22	$	26	$	(10)	$	16
Amortization of prior service cost (credit)*		2		(1)		1		(2)		1		(1)
Pension and postretirement benefits adjustments, net		36		(13)		23		24		(9)		15
Deferred gains on hedge contracts:
Current deferrals		2		(1)		1		(2)		—		(2)
Reclassification adjustments		4		(1)		3		8		(2)		6
Deferred gains on hedge contracts, net		6		(2)		4		6		(2)		4
Foreign currency translation adjustments		39		3		42		(14)		(6)		(20)
Total	$	81	$	(12)	$	69	$	16	$	(17)	$	(1)
Six Months Ended
Pension and postretirement benefits adjustments:
Amortization of net actuarial loss*	$	68	$	(24)	$	44	$	52	$	(19)	$	33
Amortization of prior service cost (credit)*		4		(1)		3		(4)		2		(2)
Unrealized gains		—		—		—		7		(2)		5
Pension and postretirement benefits adjustments, net		72		(25)		47		55		(19)		36
Deferred gains on hedge contracts:
Current deferrals		5		(2)		3		20		(6)		14
Reclassification adjustments		6		(1)		5		15		(4)		11
Deferred gains on hedge contracts, net		11		(3)		8		35		(10)		25
Foreign currency translation adjustments		60		4		64		11		(7)		4
Total	$	143	$	(24)	$	119	$	101	$	(36)	$	65

*These components of other comprehensive income (loss) are included in the computation of net periodic pension cost.  See Note 11 of our 2016 Annual Report on Form 10-K for additional information.