Equity

3 Months Ended

Dec. 28, 2019

Equity

The Company paid the following dividends in fiscal 2020 and 2019:

Per Share

Total Paid

Payment Timing

Related to Fiscal Period

$0.88

$1.6 billion

Second Quarter of Fiscal 2020

Second Half 2019

$0.88

$1.6 billion

Fourth Quarter of Fiscal 2019

First Half 2019

$0.88

$1.3 billion

Second Quarter of Fiscal 2019

Second Half 2018

The following tables summarize the changes in each component of accumulated other comprehensive income (loss) (AOCI) including our proportional share of equity method investee amounts:


					Unrecognized Pension and Postretirement Medical Expense		Foreign Currency Translation and Other		AOCI
	Market Value Adjustments
AOCI, before tax	Investments		Cash Flow Hedges
First quarter of fiscal 2020
Balance at September 28, 2019	$	—	$	129	$	(7,502)	$	(1,086)	$	(8,459)
Quarter Ended December 28, 2019:
Unrealized gains (losses) arising during the period	—		(81)		—		82		1
Reclassifications of realized net (gains) losses to net income	—		(60)		139		—		79
Balance at December 28, 2019	$	—	$	(12)	$	(7,363)	$	(1,004)	$	(8,379)

First quarter of fiscal 2019
Balance at September 29, 2018	$	24	$	177	$	(4,323)	$	(727)	$	(4,849)
Quarter Ended December 29, 2018:
Unrealized gains (losses) arising during the period	—		27		—		(16)		11
Reclassifications of realized net (gains) losses to net income	—		(39)		69		—		30
Reclassifications to retained earnings	(24)		1		—		—		(23)
Balance at December 29, 2018	$	—	$	166	$	(4,254)	$	(743)	$	(4,831)


					Unrecognized Pension and Postretirement Medical Expense		Foreign Currency Translation and Other		AOCI
	Market Value Adjustments
Tax on AOCI	Investments		Cash Flow Hedges
First quarter of fiscal 2020
Balance at September 28, 2019	$	—	$	(29)	$	1,756	$	115	$	1,842
Quarter Ended December 28, 2019:
Unrealized gains (losses) arising during the period	—		20		—		2		22
Reclassifications of realized net (gains) losses to net income	—		14		(32)		—		(18)
Balance at December 28, 2019	$	—	$	5	$	1,724	$	117	$	1,846

First quarter of fiscal 2019
Balance at September 29, 2018	$	(9)	$	(32)	$	1,690	$	103	$	1,752
Quarter Ended December 29, 2018:
Unrealized gains (losses) arising during the period	—		(6)		—		(7)		(13)
Reclassifications of realized net (gains) losses to net income	—		9		(16)		—		(7)
Reclassifications to retained earnings⁽¹⁾	9		(9)		(667)		(16)		(683)
Balance at December 29, 2018	$	—	$	(38)	$	1,007	$	80	$	1,049


					Unrecognized Pension and Postretirement Medical Expense		Foreign Currency Translation and Other		AOCI
	Market Value Adjustments
AOCI, after tax	Investments		Cash Flow Hedges
First quarter of fiscal 2020
Balance at September 28, 2019	$	—	$	100	$	(5,746)	$	(971)	$	(6,617)
Quarter Ended December 28, 2019:
Unrealized gains (losses) arising during the period	—		(61)		—		84		23
Reclassifications of realized net (gains) losses to net income	—		(46)		107		—		61
Balance at December 28, 2019	$	—	$	(7)	$	(5,639)	$	(887)	$	(6,533)

First quarter of fiscal 2019
Balance at September 29, 2018	$	15	$	145	$	(2,633)	$	(624)	$	(3,097)
Quarter Ended December 29, 2018:
Unrealized gains (losses) arising during the period	—		21		—		(23)		(2)
Reclassifications of realized net (gains) losses to net income	—		(30)		53		—		23
Reclassifications to retained earnings⁽¹⁾	(15)		(8)		(667)		(16)		(706)
Balance at December 29, 2018	$	—	$	128	$	(3,247)	$	(663)	$	(3,782)

⁽¹⁾At the beginning of fiscal 2019, the Company adopted new FASB accounting guidance, Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income, and reclassified $691 million from AOCI to retained earnings.

In addition, at the beginning of fiscal 2019, the Company adopted new FASB accounting guidance, Recognition and Measurement of Financial Assets and Liabilities, and reclassified $24 million ($15 million after tax) of market value adjustments on investments previously recorded in AOCI to retained earnings.

Details about AOCI components reclassified to net income are as follows:


Gain (loss) in net income:	Affected line item in the Condensed Consolidated Statements of Income:	Quarter Ended
				December 28, 2019		December 29, 2018
Cash flow hedges	Primarily revenue	$	60	$	39
Estimated tax	Income taxes	(14)		(9)
		46		30


Pension and postretirement medical expense	Interest expense, net	(139)		(69)
Estimated tax	Income taxes	32		16
		(107)		(53)





Total reclassifications for the period		$	(61)	$	(23)