XML 50 R18.htm IDEA: XBRL DOCUMENT v3.8.0.1
Other Comprehensive Income (Loss)
 3 Months Ended
Mar. 31, 2018
Equity [Abstract]  
Other Comprehensive Income (Loss) [Text Block]
NOTE 12: OTHER COMPREHENSIVE INCOME (LOSS)
The changes in accumulated other comprehensive income (loss) by component and related tax effects in the first three months of 2018 were as follows:
(In Millions)
 
Unrealized Holding Gains (Losses) on Available-for-Sale Equity Investments
 
Unrealized Holding Gains (Losses) on Derivatives
 
Actuarial Valuation and Other Pension Expenses
 
Translation adjustments and other
 
Total
Balance as of December 30, 2017
 
$
1,745

 
$
106

 
$
(963
)
 
$
(26
)
 
$
862

Impact of change in accounting principle
 
(1,745
)
 
24

 
(65
)
 
(4
)
 
(1,790
)
Opening Balance as of December 31, 2017
 
$
—

 
$
130

 
$
(1,028
)
 
$
(30
)
 
$
(928
)
Other comprehensive income (loss) before reclassifications
 
—

 
203

 
140

 
(29
)
 
314

Amounts reclassified out of accumulated other comprehensive income
 
—

 
(53
)
 
45

 
(1
)
 
(9
)
Tax effects
 
—

 
(31
)
 
(37
)
 
8

 
(60
)
Other comprehensive income (loss)
 
—

 
119

 
148

 
(22
)
 
245

Balance as of March 31, 2018
 
$
—

 
$
249

 
$
(880
)
 
$
(52
)
 
$
(683
)

The amounts reclassified out of accumulated other comprehensive income (loss) into the consolidated condensed statements of income for each period were as follows:
 
 
 
 
Income Before Taxes Impact
(In Millions)
 
 
 
 
Three Months Ended
Comprehensive Income Components
 
Location
 
Mar 31,
2018
 
Apr 1,
2017
Unrealized holding gains (losses) on available-for-sale equity investments:
 
 
 
 
 
 
 
 
Gains (losses) on equity investments, net
 
$
—

 
$
263

 
 
 
 
—

 
263

Unrealized holding gains (losses) on derivatives:
 
 
 
 
 
 
Foreign currency contracts
 
Cost of sales
 
8

 
(20
)
 
 
Research and development
 
41

 
(16
)
 
 
Marketing, general and administrative
 
14

 
(5
)
 
 
Gains (losses) on equity investments, net
 
—

 
4

 
 
Interest and other, net
 
(10
)
 
38

 
 
 
 
53

 
1

Amortization of pension and postretirement benefit components:
 
 
 
 
 
 
Actuarial valuation and other pension expenses
 
 
 
(45
)
 
(24
)
 
 
 
 
(45
)
 
(24
)
Translation adjustments and other
 
Interest and other, net
 
1

 
—

Total amounts reclassified out of accumulated other comprehensive income (loss)
 
 
 
$
9

 
$
240


The amortization of pension and postretirement benefit components is included in the computation of net periodic benefit cost. For more information, see "Note 18: Retirement Benefit Plans" in our 2017 Form 10-K.
We estimate that we will reclassify approximately $122 million (before taxes) of net derivative gains included in accumulated other comprehensive income (loss) into earnings within the next 12 months.