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Shareholders' Equity
 3 Months Ended
Apr. 03, 2016
Equity [Abstract]  
Shareholders' Equity
SHAREHOLDERS' EQUITY
Share Repurchases. Our board of directors authorizes management’s repurchase of shares of common stock on the open market from time to time. On March 2, 2016, the board of directors authorized management to repurchase up to 10 million additional shares. In the first three months of 2016, we repurchased 7.8 million of our outstanding shares for $1 billion. As some of these shares had not settled on April 3, 2016, the associated $13 cash outflow will be reported in the second quarter. On April 3, 2016, 11.8 million shares remained authorized by our board of directors for repurchase, approximately 4 percent of our total shares outstanding. We repurchased 22.8 million shares for a total of $3.2 billion in 2015, including 4.7 million shares for $634 in the first three months of 2015.
Dividends per Share. Dividends declared per share were $0.76 and $0.69 for the three-month periods ended April 3, 2016, and April 5, 2015, respectively. Cash dividends paid were $215 and $206 for the three-month periods ended April 3, 2016, and April 5, 2015, 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
December 31, 2015
$
(487
)
$
20

$
178

$
(2,997
)
$
(3,286
)
Other comprehensive income, pretax
182

(9
)
181

60

414

Provision for income tax, net
45

(3
)
5

22

69

Other comprehensive income, net of tax
137

(6
)
176

38

345

April 3, 2016
$
(350
)
$
14

$
354

$
(2,959
)
$
(2,941
)

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
)
April 5, 2015
$
(421
)
$
22

$
442

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

Amounts reclassified out of AOCL related primarily to changes in retirement plans' funded status and consisted of pretax recognized net actuarial losses of $83 and $112 for the three-month periods ended April 3, 2016, and April 5, 2015, respectively. This was offset partially by pretax amortization of prior service credit of $19 and $18 for the three-month periods ended April 3, 2016, and April 5, 2015, respectively. These AOCL components are included in our net periodic pension and other post-retirement benefit cost. See Note M for additional details.