Comprehensive Income

6 Months Ended

Jul. 02, 2011

Note 25: Comprehensive Income

The components of total comprehensive income were as follows:

		Three Months Ended				Six Months Ended
		July 2,		June 26,		July 2,		June 26,
(In Millions)		2011		2010		2011		2010
Net income		$	2,954	$	2,887	$	6,114	$	5,329
Change in net unrealized holding gain (loss) on
	available-for-sale investments		(36)		(16)		(41)		38
Change in deferred tax asset valuation allowance			1		(6)		(14)		28
Change in net unrealized holding gain (loss) on derivatives			(7)		(109)		105		(174)
Change in net prior service cost			—		(40)		—		(40)
Change in actuarial loss			(6)		(12)		(13)		(14)
Change in net foreign currency translation adjustment			33		—		96		—
Total comprehensive income		$	2,939	$	2,704	$	6,247	$	5,167

The components of accumulated other comprehensive income, net of tax, at the end of each period were as follows:

	July 2,		Dec. 25,
(In Millions)	2011		2010
Accumulated net unrealized holding gain (loss) on available-for-sale investments	$	360	$	401
Accumulated net change in deferred tax asset valuation allowance		189		203
Accumulated net unrealized holding gain (loss) on derivatives		232		127
Accumulated net prior service cost		(36)		(36)
Accumulated net actuarial loss		(375)		(362)
Accumulated net foreign currency translation adjustment		96		—
Total accumulated other comprehensive income (loss)	$	466	$	333

- Definition

This label may include the following: 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. Components of comprehensive income include: (1) foreign currency translation adjustments; (2) gains and losses on foreign currency transactions that are designated as, and are effective as, economic hedges of a net investment in a foreign entity; (3) gains and losses on intercompany foreign currency transactions that are of a long-term-investment nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements; (4) change in the market value of a futures contract that qualifies as a hedge of an asset reported at fair value; (5) unrealized holding gains and losses on available-for-sale securities and that resulting from transfers of debt securities from the held-to-maturity category to the available-for-sale category; (6) a net loss recognized as an additional pension liability not yet recognized as net periodic pension cost; and (7) the net gain or loss and net prior service cost or credit for pension plans and other postretirement benefit plans.

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