Stockholders' Equity and Accumulated Other Comprehensive Loss

3 Months Ended

Mar. 30, 2024

Stockholders' Equity and Accumulated Other Comprehensive Loss

Stockholders' Equity and Accumulated Other Comprehensive Loss

Note 6 – Stockholders’ Equity and Accumulated Other Comprehensive Loss

The components of accumulated other comprehensive loss (“AOCL”), net of related taxes, were as follows:

	Cumulative
	Foreign		Cumulative
	Currency		Unrecognized
	Translation		Pension
(Millions of dollars)	Adjustment		Cost			Total
Balance, December 31, 2022	$	(401)	$	(21)		$	(422)
Other comprehensive income before reclassifications		12		1			13
Amounts reclassified from AOCL to net earnings		—		1	(a)		1
Other comprehensive income, net of tax		12		2			14
Balance, April 1, 2023		(389)		(19)			(408)
Balance, December 31, 2023	$	(404)	$	(6)		$	(410)
Other comprehensive loss before reclassifications		(2)		—			(2)
Amounts reclassified from AOCL to net earnings		—		2	(a)		2
Other comprehensive income, net of tax		(2)		2			—
Balance, March 30, 2024	$	(406)	$	(4)		$	(410)

(a) This reclassification adjustment primarily represents the amortization of actuarial losses (gains) that were included in net periodic pension cost.