Other Comprehensive Income (Loss)

9 Months Ended

Sep. 26, 2020

Equity [Abstract]

Other Comprehensive Income (Loss) [Text Block]

NOTE 11 : OTHER COMPREHENSIVE INCOME (LOSS)

The changes in accumulated other comprehensive income (loss) by component and related tax effects in the first nine months of 2020 were as follows:

(In Millions)	Unrealized Holding Gains (Losses) on Derivatives		Actuarial Valuation and Other Pension Expenses		Translation Adjustments and Other		Total
Balance as of December 28, 2019	$	54	$	(1,382)	$	48	$	(1,280)
Other comprehensive income (loss) before reclassifications	286		(8)		62		340
Amounts reclassified out of accumulated other comprehensive income (loss)	48		43		—		91
Tax effects	(77)		(1)		(13)		(91)
Other comprehensive income (loss)	257		34		49		340
Balance as of September 26, 2020	$	311	$	(1,348)	$	97	$	(940)

We estimate that we will reclassify approximately $118 million (before taxes) of net derivative gains included in accumulated other comprehensive income (loss) into earnings within the next 12 months.