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Shareholders' Equity
3 Months Ended
Apr. 01, 2018
Equity [Abstract]  
Shareholders' Equity
SHAREHOLDERS EQUITY
Share Repurchases. Our board of directors authorizes management’s repurchase of outstanding shares of our common stock on the open market from time to time. On March 1, 2017, the board of directors authorized management to repurchase up to 10 million additional shares of the company’s outstanding stock. In the three-month period ended April 1, 2018, we repurchased 1.2 million of our outstanding shares for $257. On April 1, 2018, 6.4 million shares remained authorized by our board of directors for repurchase, approximately 2% of our total shares outstanding. We repurchased 1.9 million shares for $355 in the three-month period ended April 2, 2017.
Dividends per Share. Dividends declared per share were $0.93 and $0.84 for the three-month periods ended April 1, 2018, and April 2, 2017, respectively. Cash dividends paid were $250 and $230 for the three-month periods ended April 1, 2018, and April 2, 2017, 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 Marketable Securities
Foreign Currency Translation Adjustments
Changes in Retirement Plans’ Funded Status
AOCL
December 31, 2017
$
(94
)
$
19

$
402

$
(3,147
)
$
(2,820
)
Cumulative effect adjustments (see Note A)
(4
)
(19
)

(615
)
(638
)
Other comprehensive income, pretax
(3
)

1

84

82

Provision for income tax, net
(1
)


16

15

Other comprehensive income, net of tax
(2
)

1

68

67

April 1, 2018
$
(100
)
$

$
403

$
(3,694
)
$
(3,391
)

December 31, 2016
$
(345
)
$
14

$
69

$
(3,125
)
$
(3,387
)
Other comprehensive income, pretax
13

5

82

69

169

Provision for income tax, net
4

1

15

24

44

Other comprehensive income, net of tax
9

4

67

45

125

April 2, 2017
$
(336
)
$
18

$
136

$
(3,080
)
$
(3,262
)

Current-period amounts reclassified out of AOCL related primarily to changes in our retirement plans’ funded status and consisted of pretax recognized net actuarial losses of $95 and $85 for the three-month periods ended April 1, 2018, and April 2, 2017, respectively. This was offset partially by pretax amortization of prior service credit of $12 and $18 for the three-month periods ended April 1, 2018, and April 2, 2017, respectively. These AOCL components are included in our net periodic pension and other post-retirement benefit cost. See Note O for additional details.