Other Liabilities

6 Months Ended

Jul. 05, 2015

Other Liabilities Disclosure [Abstract]

OTHER LIABILITIES

A summary of significant other liabilities by balance sheet caption follows:



	July 5, 2015		December 31, 2014
Deferred income taxes	$	771	$	729
Fair value of cash flow hedges	700		292
Salaries and wages	645		718
Workers' compensation	398		420
Retirement benefits	306		309
Other (a)	1,507		1,390
Total other current liabilities	$	4,327	$	3,858

Retirement benefits	$	4,537	$	4,596
Customer deposits on commercial contracts	580		617
Deferred income taxes	89		82
Other (b)	1,053		1,070
Total other liabilities	$	6,259	$	6,365

(a)Consists primarily of dividends payable, taxes payable, environmental remediation reserves, warranty reserves, liabilities of discontinued operations and insurance-related costs.

(b)Consists primarily of liabilities for warranty reserves and workers' compensation and liabilities of discontinued operations.

The increase in the fair value of our cash flow hedge liabilities from December 31, 2014, to July 5, 2015, largely corresponds to the unrecognized losses on cash flow hedges deferred in accumulated other comprehensive loss (AOCL). These losses will be deferred in AOCL until the underlying transaction is reflected in earnings, at which time we believe the losses will be offset by corresponding gains in the remeasurement of the underlying transactions being hedged.