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Shareholders' Equity
 6 Months Ended
Jul. 04, 2021
Equity [Abstract]  
Shareholders' Equity SHAREHOLDERS’ EQUITYShare Repurchases. Our board of directors from time to time authorizes management to repurchase outstanding shares of our common stock on the open market. On June 2, 2021, the board of directors authorized management to repurchase up to 10 million additional shares of the company’s outstanding stock. In the six-month period ended July 4, 2021, we repurchased 7.9 million of our outstanding shares for $1.4 billion. On July 4, 2021, 14.5 million shares remained authorized by our board of directors for repurchase, representing 5.2% of our total shares outstanding. We repurchased 3.4 million shares for $501 in the six-month period ended June 28, 2020.
Dividends per Share. Our board of directors declared dividends of $1.19 and $2.38 per share for the three- and six-month periods ended July 4, 2021, and $1.10 and $2.20 per share for the three- and six-month periods ended June 28, 2020, respectively. We paid cash dividends of $336 and $651 for the three- and six-month periods ended July 4, 2021, and $315 and $610 for the three- and six-month periods ended June 28, 2020, 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:
Gains on Cash Flow HedgesForeign Currency Translation AdjustmentsChanges in Retirement Plans’ Funded StatusAOCL
December 31, 2020$272 $641 $(4,463)$(3,550)
Other comprehensive income, pretax(86)30 172 116 
Provision for income tax, net23 — (36)(13)
Other comprehensive income, net of tax(63)30 136 103 
July 4, 2021$209 $671 $(4,327)$(3,447)
December 31, 2019$2 $288 $(4,108)$(3,818)
Other comprehensive income, pretax71 (79)171 163 
Provision for income tax, net(20)— (36)(56)
Other comprehensive income, net of tax51 (79)135 107 
June 28, 2020$53 $209 $(3,973)$(3,711)
Amounts reclassified out of AOCL related primarily to changes in our retirement plans’ funded status and included pretax recognized net actuarial losses and amortization of prior service credit. See Note N for these amounts, which are included in our net periodic pension and other post-retirement benefit cost.