Accumulated Other Comprehensive Loss (Tables)

6 Months Ended

Jun. 17, 2017

Equity [Abstract]

Reclassifications out of Accumulated Other Comprehensive Loss

The reclassifications from accumulated other comprehensive loss to the income statement are summarized as follows:

	12 Weeks Ended						24 Weeks Ended
	6/17/2017			6/11/2016			6/17/2017			6/11/2016			Affected Line Item in the Income Statement
Cash flow hedges:
Foreign exchange contracts	$	—		$	1		$	—		$	1		Net revenue
Foreign exchange contracts	(6		)	(13		)	(11		)	(34		)	Cost of sales
Interest rate derivatives	(48		)	1			(78		)	(2		)	Interest expense
Commodity contracts	2			2			4			3			Cost of sales
Commodity contracts	(1		)	1			(1		)	3			Selling, general and administrative expenses
Net gains before tax	(53		)	(8		)	(86		)	(29		)
Tax amounts	19			2			30			7
Net gains after tax	$	(34	)	$	(6	)	$	(56	)	$	(22	)
Pension and retiree medical items:
Amortization of prior service credits (a)	$	(5	)	$	(8	)	$	(11	)	$	(17	)
Amortization of net losses (a)	37			48			71			94
Settlement/curtailment (a)	—			6			—			6
Net losses before tax	32			46			60			83
Tax amounts	(9		)	(14		)	(18		)	(26		)
Net losses after tax	$	23		$	32		$	42		$	57
Available-for-sale securities:
Sale of Britvic securities	$	(99	)	$	—		$	(99	)	$	—		Selling, general and administrative expenses
Tax amount	10			—			10			—
Net gain after tax	$	(89	)	$	—		$	(89	)	$	—
Total net (gains)/losses reclassified, net of tax	$	(100	)	$	26		$	(103	)	$	35

(a) These items are included in the components of net periodic benefit cost for pension and retiree medical plans (see Note 7 for additional details).