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STOCKHOLDERS' EQUITY (Tables)
6 Months Ended
Jun. 25, 2017
Changes in Balance of Accumulated Other Comprehensive Loss, Net of Income Taxes

Changes in the balance of AOCL, net of tax, consisted of the following (in millions):

 

     Postretirement
Benefit Plans
    Other, net     AOCL  

 

 

Balance at December 31, 2016

   $ (11,981)     $             (121)     $       (12,102)    

Other comprehensive income before reclassifications

           53        56     

Amounts reclassified from AOCL

      

Recognition of net actuarial losses (a)

     516        —        516     

Amortization of net prior service credits (a)

     (114)       —        (114)    

Other

     —              7     

 

 

Total reclassified from AOCL

     402              409     

 

 

Total other comprehensive income

     405        60        465     

 

 

Balance at June 25, 2017

   $ (11,576)     $ (61)     $ (11,637)    

 

 

Balance at December 31, 2015

   $ (11,314)     $ (130)     $ (11,444)    

Other comprehensive loss before reclassifications

     —        (7)       (7)    

Amounts reclassified from AOCL

      

Recognition of net actuarial losses (a)

     469        —        469     

Amortization of net prior service credits (a)

     (123)       —        (123)    

Other

     —              1     

 

 

Total reclassified from AOCL

     346              347     

 

 

Total other comprehensive income (loss)

     346        (6)       340     

 

 

Balance at June 26, 2016

   $ (10,968)     $ (136)     $ (11,104)    

 

 

 

(a) Reclassifications from AOCL related to our postretirement benefit plans were recorded as a component of net periodic benefit cost for each period presented (see “Note 6 – Postretirement Plans”). These amounts include $200 million and $173 million, net of tax, for the quarters ended June 25, 2017 and June 26, 2016, which are comprised of the recognition of net actuarial losses of $258 million and $235 million for the quarters ended June 25, 2017 and June 26, 2016 and the amortization of net prior service credits of $(58) million and $(62) million for the quarters ended June 25, 2017 and June 26, 2016.