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Shareholders' Equity Shareholders' Equity
3 Months Ended
Apr. 05, 2015
Equity [Abstract]  
Shareholders' Equity
SHAREHOLDERS' EQUITY
Share Repurchases. In the first three months of 2015, we repurchased approximately 4.7 million of our outstanding shares for $634. On February 9, 2015, with shares from the prior authorization largely exhausted, the board of directors authorized management to repurchase 10 million additional shares of common stock on the open market. On April 5, 2015, 7.7 million shares remained authorized by our board of directors for repurchase, approximately 2 percent of our total shares outstanding. We repurchased 29 million shares for a total of approximately $3.4 billion in 2014, including 14 million shares in the first three months of 2014.
Dividends per Share. Dividends declared per share were $0.69 and $0.62 and for the three-month periods ended April 5, 2015, and March 30, 2014, respectively. Cash dividends paid were $206 and $198 for the three-month periods ended April 5, 2015 and March 30, 2014, respectively.
Accumulated Other Comprehensive Loss. The changes, pretax and net of tax, in each component of AOCL consisted of the following:
 
Losses on Cash Flow Hedges
Unrealized Gains on Securities
Foreign Currency Translation Adjustments
Changes in Retirement Plans’ Funded Status
AOCL
Balance, December 31, 2014
$
(173
)
$
22

$
541

$
(3,322
)
$
(2,932
)
Other comprehensive loss, pretax
(383
)
2

(104
)
97

(388
)
Benefit for income tax, net
(135
)
2

(5
)
34

(104
)
Other comprehensive loss, net of tax
(248
)

(99
)
63

(284
)
Balance, April 5, 2015
$
(421
)
$
22

$
442

$
(3,259
)
$
(3,216
)


 
Gains on Cash Flow Hedges
Unrealized Gains on Securities
Foreign Currency Translation Adjustments
Changes in Retirement Plans’ Funded Status
AOCL
Balance, December 31, 2013
$
9

$
15

$
974

$
(2,183
)
$
(1,185
)
Other comprehensive income, pretax
4

3

(65
)
61

3

Provision for income tax, net
1

1

(1
)
20

21

Other comprehensive loss, net of tax
3

2

(64
)
41

(18
)
Balance, March 30, 2014
$
12

$
17

$
910

$
(2,142
)
$
(1,203
)


Amounts reclassified out of AOCL related primarily to changes in retirement plans' funded status and consisted of pretax recognized net actuarial losses of $112 and $76 for the three-month periods ended April 5, 2015, and March 30, 2014, respectively. This was partially offset by pretax amortization of prior service credit of $18 and $17 for the three-month periods ended April 5, 2015, and March 30, 2014, respectively. These AOCL components are included in our net periodic pension and other post-retirement benefit cost. See Note M for additional details.