STOCKHOLDERS' EQUITY

3 Months Ended

Mar. 28, 2015

STOCKHOLDERS' EQUITY

NOTE 7. STOCKHOLDERS’ EQUITY

The following table reflects the changes in stockholders’ equity.

(In millions)
Stockholders’ equity at December 27, 2014	$	1,621
Net income		45
Other comprehensive income		(54	)
Share transactions under employee-related plans		1
Amortization of long-term incentive stock grants		9
Stockholders’ equity at March 28, 2015	$	1,622

Accumulated other comprehensive income (loss) activity, net of tax, where applicable, is provided in the following table:

(In millions)	Foreign Currency Translation Adjustments			Change in Deferred Pension			Total
Balance at December 27, 2014	$	186		$	(79	)	$	107
Other comprehensive loss activity before reclassifications		(53	)		—			(53	)
Reclassifications from Accumulated other comprehensive income (loss) to net income		(1	)		—			(1	)
Net other comprehensive loss		(54	)		—			(54	)
Balance at March 28, 2015	$	132		$	(79	)	$	53

As a result of valuation allowances in the U.S. and several international taxing jurisdictions, items other than deferred pension amounts generally have little or no tax impact. The component balances are net of immaterial tax impacts, where applicable.