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STOCKHOLDERS' EQUITY
 6 Months Ended
Jun. 26, 2022
Equity [Abstract]  
STOCKHOLDERS' EQUITY STOCKHOLDERS’ EQUITY
Repurchases of Common Stock
During the six months ended June 26, 2022, we repurchased 7.7 million shares of our common stock for $2.4 billion, including pursuant to accelerated share repurchase (ASR) agreements. As previously disclosed, in January 2022, we received 2.2 million shares of our common stock for no additional consideration upon final settlement of the ASR we entered into in the fourth quarter of 2021. In addition, we repurchased 4.7 million shares for $2.0 billion under an ASR agreement that we entered into in the first quarter of 2022 and that settled in the second quarter of 2022. Some of the shares repurchased during the second quarter of 2022 were settled subsequent to the end of the quarter.
The total remaining authorization for future common share repurchases under our share repurchase program was $1.6 billion as of June 26, 2022. As we repurchase our common shares, we reduce common stock for the $1 of par value of the shares repurchased, with the excess purchase price over par value recorded as a reduction of additional paid-in capital. If additional paid-in capital is reduced to zero, we record the remainder of the excess purchase price over par value as a reduction of retained earnings.
Dividends
We declared cash dividends totaling $2.2 billion ($8.40 per share) during the six months ended June 26, 2022. In June 2022, we declared our 2022 third quarter dividend totaling approximately $743 million ($2.80 per share), which will be paid in September 2022. The total amount declared may differ from the total amount of dividends paid during a period due to the timing of dividend-equivalents paid on RSUs and PSUs. These dividend-equivalents are accrued during the vesting period and are paid upon the vesting of the RSUs and PSUs, which primarily occurs in the first quarter each year.
Accumulated Other Comprehensive Loss
Changes in the balance of AOCL, net of tax, consisted of the following (in millions):
Postretirement
Benefit Plans		Other, netAOCL
Balance at December 31, 2021$(10,964)$(42)$(11,006)
Other comprehensive income (loss) before reclassifications (a)
1,698 (121)1,577 
Amounts reclassified from AOCL
Pension settlement charge (a)
1,156 — 1,156 
Recognition of net actuarial losses (b)
230 — 230 
Amortization of net prior service credits (b)
(135)— (135)
Other— 10 10 
Total reclassified from AOCL1,251 10 1,261 
Total other comprehensive income (loss)2,949 (111)2,838 
Balance at June 26, 2022$(8,015)$(153)$(8,168)
Balance at December 31, 2020$(16,155)$34 $(16,121)
Other comprehensive income (loss) before reclassifications— 2 2 
Amounts reclassified from AOCL
Recognition of net actuarial losses (b)
408 — 408 
Amortization of net prior service credits (b)
(128)— (128)
Other— 2 2 
Total reclassified from AOCL280 2 282 
Total other comprehensive income (loss)280 4 284 
Balance at June 27, 2021$(15,875)$38 $(15,837)
(a)Changes in AOCL before reclassifications related to our postretirement benefit plans represent the net actuarial gains from the interim remeasurement of certain defined benefit pension plans required as a result of the purchase of group annuity contracts to transfer $4.3 billion of our gross defined benefit pension obligations and related plan assets to an insurance company on June 24, 2022. See “Note 6 - Postretirement Benefit Plans”. Also as a result, during the quarter ended June 26, 2022, we recognized a noncash, non-operating pension settlement charge of $1.5 billion ($1.2 billion, or $4.33 per share, after-tax).
(b)These amounts include $47 million and $140 million, net of tax, for the quarters ended June 26, 2022 and June 27, 2021, which are comprised of the recognition of net actuarial losses of $115 million and $204 million for the quarters ended June 26, 2022 and June 27, 2021, and the amortization of net prior service credits of $68 million and $64 million for the quarters ended June 26, 2022 and June 27, 2021.