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Accumulated Other Comprehensive Income/(Losses) (Tables) - AOCI Attributable to Parent
12 Months Ended
Dec. 28, 2019
Accumulated Other Comprehensive Income/(Loss) [Line Items]  
Components of and Changes in Accumulated Other Comprehensive Income/(Losses)
The components of, and changes in, accumulated other comprehensive income/(losses), net of tax, were as follows (in millions):
 
Foreign Currency Translation Adjustments
 
Net Postemployment Benefit Plan Adjustments
 
Net Cash Flow Hedge Adjustments
 
Total
Balance as of December 31, 2016
$
(2,413
)
 
$
772

 
$
12

 
$
(1,629
)
Foreign currency translation adjustments
1,179

 

 

 
1,179

Net deferred gains/(losses) on net investment hedges
(353
)
 

 

 
(353
)
Net deferred gains/(losses) on cash flow hedges

 

 
(113
)
 
(113
)
Net deferred losses/(gains) on cash flow hedges reclassified to net income/(loss)

 

 
85

 
85

Net postemployment benefit gains/(losses) arising during the period

 
86

 

 
86

Net postemployment benefit losses/(gains) reclassified to net income/(loss)

 
(309
)
 

 
(309
)
Total other comprehensive income/(loss)
826

 
(223
)
 
(28
)
 
575

Balance as of December 30, 2017
(1,587
)
 
549

 
(16
)
 
(1,054
)
Foreign currency translation adjustments
(1,173
)
 

 

 
(1,173
)
Net deferred gains/(losses) on net investment hedges
284

 

 

 
284

Amounts excluded from the effectiveness assessment of net investment hedges
7

 

 

 
7

Net deferred losses/(gains) on net investment hedges reclassified to net income/(loss)
(7
)
 

 

 
(7
)
Net deferred gains/(losses) on cash flow hedges

 

 
99

 
99

Amounts excluded from the effectiveness assessment of cash flow hedges

 

 
2

 
2

Net deferred losses/(gains) on cash flow hedges reclassified to net income/(loss)

 

 
(44
)
 
(44
)
Net postemployment benefit gains/(losses) arising during the period

 
61

 

 
61

Net postemployment benefit losses/(gains) reclassified to net income/(loss)

 
(118
)
 

 
(118
)
Total other comprehensive income/(loss)
(889
)
 
(57
)
 
57

 
(889
)
Balance as of December 29, 2018
(2,476
)
 
492

 
41

 
(1,943
)
Foreign currency translation adjustments
239

 

 

 
239

Net deferred gains/(losses) on net investment hedges
1

 

 

 
1

Amounts excluded from the effectiveness assessment of net investment hedges
22

 

 

 
22

Net deferred losses/(gains) on net investment hedges reclassified to net income/(loss)
(16
)
 

 

 
(16
)
Net deferred gains/(losses) on cash flow hedges

 

 
(10
)
 
(10
)
Amounts excluded from the effectiveness assessment of cash flow hedges

 

 
29

 
29

Net deferred losses/(gains) on cash flow hedges reclassified to net income/(loss)

 

 
(41
)
 
(41
)
Net postemployment benefit gains/(losses) arising during the period

 
(69
)
 

 
(69
)
Net postemployment benefit losses/(gains) reclassified to net income/(loss)

 
(234
)
 

 
(234
)
Cumulative effect of accounting standards adopted in the period(a)

 
114

 
22

 
136

Total other comprehensive income/(loss)
246

 
(189
)
 

 
57

Balance at December 28, 2019
$
(2,230
)
 
$
303

 
$
41

 
$
(1,886
)

(a)
In the first quarter of 2019, we adopted ASU 2018-02 related to reclassifying tax effects stranded in accumulated other comprehensive income/(losses). See Note 3, New Accounting Standards, for additional information.
Gross Amount and Related Tax Benefit/(Expense) Recorded in and Associated with each Component of Other Comprehensive Income/(Loss)
The gross amount and related tax benefit/(expense) recorded in, and associated with, each component of other comprehensive income/(loss) were as follows (in millions):
 
December 28, 2019
 
December 29, 2018
 
December 30, 2017
 
Before Tax Amount
 
Tax
 
Net of Tax Amount
 
Before Tax Amount
 
Tax
 
Net of Tax Amount
 
Before Tax Amount
 
Tax
 
Net of Tax Amount
Foreign currency translation adjustments
$
239

 
$

 
$
239

 
$
(1,173
)
 
$

 
$
(1,173
)
 
$
1,179

 
$

 
$
1,179

Net deferred gains/(losses) on net investment hedges
(2
)
 
3

 
1

 
377

 
(93
)
 
284

 
(632
)
 
279

 
(353
)
Amounts excluded from the effectiveness assessment of net investment hedges
29

 
(7
)
 
22

 
10

 
(3
)
 
7

 

 

 

Net deferred losses/(gains) on net investment hedges reclassified to net income/(loss)
(23
)
 
7

 
(16
)
 
(10
)
 
3

 
(7
)
 

 

 

Net deferred gains/(losses) on cash flow hedges
(16
)
 
6

 
(10
)
 
116

 
(17
)
 
99

 
(123
)
 
10

 
(113
)
Amounts excluded from the effectiveness assessment of cash flow hedges
30

 
(1
)
 
29

 
2

 

 
2

 

 

 

Net deferred losses/(gains) on cash flow hedges reclassified to net income/(loss)
(48
)
 
7

 
(41
)
 
(45
)
 
1

 
(44
)
 
85

 

 
85

Net actuarial gains/(losses) arising during the period
(65
)
 
(5
)
 
(70
)
 
74

 
(16
)
 
58

 
116

 
(47
)
 
69

Prior service credits/(costs) arising during the period
1

 

 
1

 
6

 
(3
)
 
3

 
25

 
(8
)
 
17

Net postemployment benefit losses/(gains) reclassified to net income/(loss)
(312
)
 
78

 
(234
)
 
(156
)
 
38

 
(118
)
 
(502
)
 
193

 
(309
)

Amounts Reclassified From Accumulated Other Comprehensive Income/(Losses)
The amounts reclassified from accumulated other comprehensive income/(losses) were as follows (in millions):
Accumulated Other Comprehensive Income/(Losses) Component
 
 Reclassified from Accumulated Other Comprehensive Income/(Losses) to Net Income/(Loss)
 
Affected Line Item in the Statements of Income
 
 
December 28, 2019
 
December 29, 2018
 
December 30, 2017
 
 
Losses/(gains) on net investment hedges:
 
 
 
 
 
 
 
 
Foreign exchange contracts(a)
 
$
6

 
$

 
$

 
Other expense/(income)
Foreign exchange contracts(b)
 
1

 
3

 

 
Interest expense
Cross-currency contracts(b)
 
(30
)
 
(13
)
 

 
Interest expense
Losses/(gains) on cash flow hedges:
 
 
 
 
 
 
 

Foreign exchange contracts(c)
 
(23
)
 
4

 

 
Cost of products sold
Foreign exchange contracts(c)
 
22

 
(59
)
 
81

 
Other expense/(income)
Cross-currency contracts(b)
 
(51
)
 
6

 

 
Other expense/(income)
Interest rate contracts(d)
 
4

 
4

 
4

 
Interest expense
Losses/(gains) on hedges before income taxes
 
(71
)
 
(55
)
 
85

 
 
Losses/(gains) on hedges, income taxes
 
14

 
4

 

 
 
Losses/(gains) on hedges
 
$
(57
)
 
$
(51
)
 
$
85

 
 
 
 
 
 
 
 
 
 
 
Losses/(gains) on postemployment benefits:
 
 
 
 
 
 
 

Amortization of unrecognized losses/(gains)(e)
 
$
(7
)
 
$
2

 
$
1

 
 
Amortization of prior service costs/(credits)(e)
 
(306
)
 
(311
)
 
(328
)
 
 
Settlement and curtailment losses/(gains)(e)
 

 
153

 
(175
)
 
 
Other losses/(gains) on postemployment benefits
 
1

 

 

 
 
Losses/(gains) on postemployment benefits before income taxes
 
(312
)
 
(156
)
 
(502
)
 
 
Losses/(gains) on postemployment benefits, income taxes
 
78

 
38

 
193

 
 
Losses/(gains) on postemployment benefits
 
$
(234
)
 
$
(118
)
 
$
(309
)
 
 

(a)
Represents the reclassification of hedge losses/(gains) resulting from the complete or substantially complete liquidation of our investment in the underlying foreign operations.
(b)
Represents recognition of the excluded component in net income/(loss).
(c)
Includes amortization of the excluded component and the effective portion of the related hedges.
(d)
Represents amortization of realized hedge losses that were deferred into accumulated other comprehensive income/(losses) through the maturity of the related long-term debt instruments.
(e)
These components are included in the computation of net periodic postemployment benefit costs. See Note 12, Postemployment Benefits, for additional information.