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Shareholders' Equity
 6 Months Ended
Jul. 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 six months of 2016, we repurchased 8.9 million of our outstanding shares for $1.2 billion. On July 3, 2016, 10.7 million shares remained authorized by our board of directors for repurchase, approximately 4 percent of our total shares outstanding. We repurchased 12.1 million shares for $1.7 billion in the first six months of 2015.
Dividends per Share. Dividends declared per share were $0.76 and $1.52 for the three- and six-month periods ended July 3, 2016, and $0.69 and $1.38 for the three- and six-month periods ended July 5, 2015, respectively. Cash dividends paid were $232 and $447 for the three- and six-month periods ended July 3, 2016, and $226 and $432 for the three- and six-month periods ended July 5, 2015, respectively.
Accumulated Other Comprehensive Loss. The changes, pretax and net of tax, in each component of accumulated other comprehensive loss (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
158

(4
)
125

126

405

Provision for income tax, net
37

(2
)
3

46

84

Other comprehensive income, net of tax
121

(2
)
122

80

321

July 3, 2016
$
(366
)
$
18

$
300

$
(2,917
)
$
(2,965
)

December 31, 2014
$
(173
)
$
22

$
541

$
(3,322
)
$
(2,932
)
Other comprehensive loss, pretax
(384
)
—

(35
)
188

(231
)
Benefit for income tax, net
(135
)
1

(3
)
66

(71
)
Other comprehensive loss, net of tax
(249
)
(1
)
(32
)
122

(160
)
July 5, 2015
$
(422
)
$
21

$
509

$
(3,200
)
$
(3,092
)

Amounts reclassified out of AOCL related primarily to changes in retirement plans' funded status and consisted of pretax recognized net actuarial losses of $166 and $222 for the six-month periods ended July 3, 2016, and July 5, 2015, respectively. This was offset partially by pretax amortization of prior service credit of $37 and $36 for the six-month periods ended July 3, 2016, and July 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.