Accumulated Other Comprehensive Earnings (Losses) (Tables)

9 Months Ended

Sep. 30, 2023

Schedule of Accumulated Other Comprehensive Earnings (Losses) [Table Text Block]

Following is a reconciliation of the changes in accumulated other comprehensive earnings (losses) net of income taxes for the three months ended September 30, 2023 and September 24, 2022:


	Investments			Postretirement Benefit		Accumulated Other Comprehensive Earnings (Losses)
		(Amounts are in millions)
2023
Balances at July 1, 2023		$	(585)		9		(576)
Unrealized loss on debt securities		(37)			—		(37)


Net other comprehensive losses		(37)			—		(37)
Balances at September 30, 2023		$	(622)		9		(613)

2022
Balances at June 25, 2022		$	(544)		(11)		(555)
Unrealized loss on debt securities		(119)			—		(119)
Net realized loss on debt securities reclassified to investment income		2			—		2

Net other comprehensive losses		(117)			—		(117)
Balances at September 24, 2022		$	(661)		(11)		(672)

Following is a reconciliation of the changes in accumulated other comprehensive earnings (losses) net of income taxes for the nine months ended September 30, 2023 and September 24, 2022:


	Investments			Postretirement Benefits		Accumulated Other Comprehensive Earnings (Losses)
		(Amounts are in millions)
2023
Balances at December 31, 2022		$	(618)		9		(609)
Unrealized loss on debt securities		(4)			—		(4)


Net other comprehensive losses		(4)			—		(4)
Balances at September 30, 2023		$	(622)		9		(613)

2022
Balances at December 25, 2021		$	7		(12)		(5)
Unrealized loss on debt securities		(669)			—		(669)
Net realized loss on debt securities reclassified to investment income		1			—		1
Adjustment to postretirement benefit obligation		—			1		1
Net other comprehensive (losses) earnings		(668)			1		(667)

Balances at September 24, 2022		$	(661)		(11)		(672)