| Accumulated Other Comprehensive Earnings (Loss) |
Note 7 — Accumulated Other Comprehensive Earnings (Loss)
Accumulated Other Comprehensive Earnings (Loss) consists of the following components:
|
|
|
Foreign
Currency
Translation |
|
Investments |
|
Foreign
Currency
Derivatives |
|
Commodity
Derivatives |
|
Postretirement
and Pension
Benefits |
|
Accumulated
Other
Comprehensive
Earnings (Loss) |
|
|
Balance at December 31, 2012 |
|
$ |
(13,406 |
) |
$ |
908 |
|
$ |
— |
|
$ |
(111 |
) |
$ |
(3,838 |
) |
$ |
(16,447 |
) |
|
Other comprehensive earnings (loss) before reclassifications |
|
1,122 |
|
(770 |
) |
(282 |
) |
(648 |
) |
— |
|
(578 |
) |
|
Reclassifications from accumulated other comprehensive loss |
|
— |
|
— |
|
35 |
(a) |
320 |
(b) |
— |
|
355 |
|
|
Net Q1 other comprehensive earnings (loss) before tax |
|
1,122 |
|
(770 |
) |
(247 |
) |
(328 |
) |
— |
|
(223 |
) |
|
Income tax benefit (expense) |
|
19 |
|
279 |
|
89 |
|
119 |
|
— |
|
506 |
|
|
Balance at March 30, 2013 |
|
(12,265 |
) |
417 |
|
(158 |
) |
(320 |
) |
(3,838 |
) |
(16,164 |
) |
|
Other comprehensive earnings (loss) before reclassifications |
|
(1,223 |
) |
589 |
|
(585 |
) |
(217 |
) |
— |
|
(1,436 |
) |
|
Reclassifications from accumulated other comprehensive loss |
|
— |
|
— |
|
73 |
(a) |
473 |
(b) |
— |
|
546 |
|
|
Net Q2 other comprehensive earnings (loss) before tax |
|
(1,223 |
) |
589 |
|
(512 |
) |
256 |
|
— |
|
(890 |
) |
|
Income tax benefit (expense) |
|
(8 |
) |
(213 |
) |
186 |
|
(93 |
) |
— |
|
(128 |
) |
|
Balance at June 29, 2013 |
|
(13,496 |
) |
793 |
|
(484 |
) |
(157 |
) |
(3,838 |
) |
(17,182 |
) |
|
Other comprehensive earnings (loss) before reclassifications |
|
(144 |
) |
400 |
|
626 |
|
142 |
|
— |
|
1,024 |
|
|
Reclassifications from accumulated other comprehensive loss |
|
— |
|
— |
|
162 |
(a) |
153 |
(b) |
— |
|
315 |
|
|
Net Q3 other comprehensive earnings (loss) before tax |
|
(144 |
) |
400 |
|
788 |
|
295 |
|
— |
|
1,339 |
|
|
Income tax benefit (expense) |
|
(23 |
) |
(145 |
) |
(285 |
) |
(107 |
) |
— |
|
(560 |
) |
|
Balance at September 28, 2013 |
|
$ |
(13,663 |
) |
$ |
1,048 |
|
$ |
19 |
|
$ |
31 |
|
$ |
(3,838 |
) |
$ |
(16,403 |
) |
(a) Foreign currency derivatives are reclassified to other income, net.
(b) Commodity derivatives are reclassified to cost of goods sold.
|
|
|
Foreign
Currency
Translation |
|
Investments |
|
Foreign
Currency
Derivatives |
|
Commodity
Derivatives |
|
Postretirement
and Pension
Benefits |
|
Accumulated
Other
Comprehensive
Earnings (Loss) |
|
|
Balance at December 31, 2011 |
|
$ |
(14,686 |
) |
$ |
(351 |
) |
$ |
129 |
|
$ |
128 |
|
$ |
(5,173 |
) |
$ |
(19,953 |
) |
|
Other comprehensive earnings (loss) before reclassifications |
|
1,851 |
|
(546 |
) |
252 |
|
254 |
|
— |
|
1,811 |
|
|
Reclassifications from accumulated other comprehensive earnings (loss) |
|
— |
|
— |
|
(149 |
)(a) |
(18 |
)(b) |
— |
|
(167 |
) |
|
Net Q1 other comprehensive earnings (loss) before tax |
|
1,851 |
|
(546 |
) |
103 |
|
236 |
|
— |
|
1,644 |
|
|
Income tax benefit (expense) |
|
(45 |
) |
194 |
|
(37 |
) |
(84 |
) |
— |
|
28 |
|
|
Balance at March 31, 2012 |
|
(12,880 |
) |
(703 |
) |
195 |
|
280 |
|
(5,173 |
) |
(18,281 |
) |
|
Other comprehensive earnings (loss) before reclassifications |
|
(1,510 |
) |
514 |
|
(124 |
) |
(575 |
) |
— |
|
(1,695 |
) |
|
Reclassifications from accumulated other comprehensive earnings (loss) |
|
— |
|
— |
|
(115 |
)(a) |
— |
|
— |
|
(115 |
) |
|
Net Q2 other comprehensive earnings (loss) before tax |
|
(1,510 |
) |
514 |
|
(239 |
) |
(575 |
) |
— |
|
(1,810 |
) |
|
Income tax benefit (expense) |
|
71 |
|
(186 |
) |
88 |
|
208 |
|
— |
|
181 |
|
|
Balance at June 30, 2012 |
|
(14,319 |
) |
(375 |
) |
44 |
|
(87 |
) |
(5,173 |
) |
(19,910 |
) |
|
Other comprehensive earnings (loss) before reclassifications |
|
1,303 |
|
869 |
|
94 |
|
(21 |
) |
— |
|
2,245 |
|
|
Reclassifications from accumulated other comprehensive earnings (loss) |
|
— |
|
— |
|
(164 |
)(a) |
205 |
(b) |
— |
|
41 |
|
|
Net Q3 other comprehensive earnings (loss) before tax |
|
1,303 |
|
869 |
|
(70 |
) |
184 |
|
— |
|
2,286 |
|
|
Income tax benefit (expense) |
|
(23 |
) |
(315 |
) |
25 |
|
(65 |
) |
— |
|
(378 |
) |
|
Balance at September 29, 2012 |
|
$ |
(13,039 |
) |
$ |
179 |
|
$ |
(1 |
) |
$ |
32 |
|
$ |
(5,173 |
) |
$ |
(18,002 |
) |
(a) Foreign currency derivatives are reclassified to other income, net.
(b) Commodity derivatives are reclassified to cost of goods sold.
|