Equity (Tables)

6 Months Ended

Jun. 27, 2020

Reclassifications out of AOCI for the quarter and year-to-date periods ended June 27, 2020 and June 29, 2019, consisted of the following:


(millions)
Details about AOCI components	Amount reclassified from AOCI					Line item impacted within Income Statement
	Quarter ended June 27, 2020		Year-to-date period ended June 27, 2020
(Gains) losses on cash flow hedges:


Interest rate contracts	$	5	$	7	Interest expense

	$	5	$	7	Total before tax
	(2)		(2)		Tax expense (benefit)
	$	3	$	5	Net of tax
Amortization of postretirement and postemployment benefits:
Net experience (gain) loss	$	(1)	$	(2)	OIE
Prior service cost	(1)		(1)		See Note 9 for further details
	$	(2)	$	(3)	Total before tax
	1		1		Tax expense (benefit)
	$	(1)	$	(2)	Net of tax





Total reclassifications	$	2	$	3	Net of tax



(millions)
Details about AOCI components	Amount reclassified from AOCI					Line item impacted within Income Statement
	Quarter ended June 29, 2019		Year-to-date period ended June 29, 2019
(Gains) losses on cash flow hedges:


Interest rate contracts	$	2	$	3	Interest expense

	$	2	$	3	Total before tax
	(1)		(1)		Tax expense (benefit)
	$	1	$	2	Net of tax
Amortization of postretirement and postemployment benefits:
Net experience loss	$	(1)	$	(2)	See Note 9 for further details

	$	(1)	$	(2)	Total before tax
	1		1		Tax expense (benefit)
	$	—	$	(1)	Net of tax
Total reclassifications	$	1	$	1	Net of tax

Accumulated other comprehensive income (loss), net of tax, as of June 27, 2020 and December 28, 2019 consisted of the following:


(millions)	June 27, 2020		December 28, 2019
Foreign currency translation adjustments	$	(1,634)	$	(1,399)
Cash flow hedges — unrealized net gain (loss)	(94)		(60)
Postretirement and postemployment benefits:
Net experience gain (loss)	6		7
Prior service credit (cost)	3		4
Available-for-sale securities unrealized net gain (loss)	2		—
Total accumulated other comprehensive income (loss)	$	(1,717)	$	(1,448)