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Accumulated Other Comprehensive (Loss) Income (AOCI) (Tables)
3 Months Ended
Mar. 29, 2019
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Summary of AOCI Balances Including Amounts Reclassified from AOCI into Net Income
The changes in the AOCI balances, including amounts reclassified from AOCI into net income, are presented in the table below.
 
 
Foreign
currency
translation
 
Unrealized
(losses) gains
on hedging
instruments
 
Unrecognized
(losses) gains
and prior service
cost, net
 
Total
accumulated
other
comprehensive
loss
 
 
(in millions)
Balance at December 31, 2018
 
$
(136
)
 
$
(10
)
 
$
(579
)
 
$
(725
)
Other comprehensive income (loss) before reclassifications, net of tax
 
23

 
(5
)
 

 
18

Amounts reclassified from AOCI, net of tax
 

 
(1
)
 
7

 
6

Net current period other comprehensive income (loss)
 
23


(6
)

7


24

Balance at March 29, 2019
 
$
(113
)
 
$
(16
)
 
$
(572
)
 
$
(701
)
 
 
 
 
 
 
 
 
 
Balance at December 31, 2017
 
$
(54
)
 
$
9

 
$
(646
)
 
$
(691
)
Other comprehensive income before reclassifications, net of tax
 
33

 

 

 
33

Amounts reclassified from AOCI, net of tax
 

 
(1
)
 
14

 
13

Net current period other comprehensive income (loss)
 
33


(1
)

14


46

Balance at March 30, 2018
 
$
(21
)

$
8


$
(632
)

$
(645
)
Summary of Amounts Reclassified from AOCI into Net Income
Further details regarding the amounts reclassified from AOCI into net income are presented in the table below. ASU 2017-12 did not have an impact in the Company's presentation of the earnings effect of hedging instruments in the income statement.
 
 
Amount Reclassified from AOCI (a)
 
Affected Line Item in the
 Unaudited Condensed Consolidated
 Statements of Operations
 
 
First Quarter Ended
 
Details About AOCI Components
 
March 29,
2019
 
March 30,
2018
 
 
 
(in millions)
 
 
Gain on hedging instruments
 
$
1

 
$
1

 
Cost of sales - Products
 
 
1

 
1

 
Income from continuing operations before income taxes
 
 

 

 
Provision for income taxes
 
 
$
1


$
1

 
Income from continuing operations
 
 
 
 
 
 
 
Amortization of defined benefit pension and postretirement items:
 
 
 
 
 
 
Net loss (b)
 
$
(9
)
 
$
(18
)
 
Income from continuing operations before income taxes
 
 
2

 
4

 
Provision for income taxes
 
 
$
(7
)

$
(14
)
 
Income from continuing operations
Total reclassification for the period
 
$
(6
)
 
$
(13
)
 
Income from continuing operations
__________________
(a) 
Amounts in parenthesis indicate charges to the unaudited condensed consolidated statements of operations.
(b) 
Amounts related to pension and postretirement benefit plans were reclassified from AOCI and recorded as a component of net periodic benefit cost (see Note 19 for additional information).