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Equity (Tables)
6 Months Ended
Apr. 03, 2021
Equity [Abstract]  
Dividends Declared
The Company paid the following dividend in fiscal 2020:
Per ShareTotal PaidPayment TimingRelated to Fiscal Period
$0.88$1.6 billionSecond Quarter of Fiscal 2020Second Half 2019
Changes in Accumulated Other Comprehensive Income (Loss)
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:
 
Market Value Adjustments(1)
Unrecognized
Pension and 
Postretirement
Medical 
Expense
Foreign
Currency
Translation
and Other
AOCI
AOCI, before tax
Second quarter of fiscal 2021
Balance at January 2, 2021$(419)$(9,227)$(877)$(10,523)
Quarter Ended April 3, 2021:
Unrealized gains (losses) arising during the period131 55 (84)102 
Reclassifications of realized net (gains) losses to net income194 — 199 
Balance at April 3, 2021$(283)$(8,978)$(961)$(10,222)
Second quarter of fiscal 2020
Balance at December 28, 2019$(12)$(7,363)$(1,004)$(8,379)
Quarter Ended March 28, 2020:
Unrealized gains (losses) arising during the period212    (43)   (364)   (195)   
Reclassifications of realized net (gains) losses to net income(42)138 — 96 
Balance at March 28, 2020$158 $(7,268)$(1,368)$(8,478)
Six months ended fiscal 2021
Balance at October 3, 2020$(191)$(9,423)$(1,088)$(10,702)
Six Months Ended April 3, 2021:
Unrealized gains (losses) arising during the period(54)57 127 130 
Reclassifications of realized net (gains) losses to net income(38)388 — 350 
Balance at April 3, 2021$(283)$(8,978)$(961)$(10,222)
Six months ended fiscal 2020
Balance at September 28, 2019$129 $(7,502)$(1,086)$(8,459)
Six Months Ended March 28, 2020:
Unrealized gains (losses) arising during the period131 (43)(282)(194)
Reclassifications of realized net (gains) losses to net income(102)277 — 175 
Balance at March 28, 2020$158 $(7,268)$(1,368)$(8,478)
 
Market Value Adjustments(1)
Unrecognized
Pension and 
Postretirement
Medical 
Expense
Foreign
Currency
Translation
and Other
AOCI
Tax on AOCI
Second quarter of fiscal 2021
Balance at January 2, 2021$95 $2,155 $132 $2,382 
Quarter Ended April 3, 2021:
Unrealized gains (losses) arising during the period(24)(13)(31)
Reclassifications of realized net (gains) losses to net income(2)(45)— (47)
Balance at April 3, 2021$69 $2,097 $138 $2,304 
Second quarter of fiscal 2020
Balance at December 28, 2019$$1,724 $117 $1,846 
Quarter Ended March 28, 2020:
Unrealized gains (losses) arising during the period(51)   10    58    17    
Reclassifications of realized net (gains) losses to net income10 (32)— (22)
Balance at March 28, 2020$(36)$1,702 $175 $1,841 
Six months ended fiscal 2021
Balance at October 3, 2020$40 $2,201 $139 $2,380 
Six Months Ended April 3, 2021:
Unrealized gains (losses) arising during the period22 (14)(1)
Reclassifications of realized net (gains) losses to net income(90)— (83)
Balance at April 3, 2021$69 $2,097 $138 $2,304 
Six months ended fiscal 2020
Balance at September 28, 2019$(29)$1,756 $115 $1,842 
Six Months Ended March 28, 2020:
Unrealized gains (losses) arising during the period(31)10 60 39 
Reclassifications of realized net (gains) losses to net income24 (64)— (40)
Balance at March 28, 2020$(36)$1,702 $175 $1,841 
 
Market Value Adjustments(1)
Unrecognized
Pension and 
Postretirement
Medical 
Expense
Foreign
Currency
Translation
and Other
AOCI
AOCI, after tax
Second quarter of fiscal 2021
Balance at January 2, 2021$(324)$(7,072)$(745)$(8,141)
Quarter Ended April 3, 2021:
Unrealized gains (losses) arising during the period107 42 (78)71 
Reclassifications of realized net (gains) losses to net income149 — 152 
Balance at April 3, 2021$(214)$(6,881)$(823)$(7,918)
Second quarter of fiscal 2020
Balance at December 28, 2019$(7)$(5,639)$(887)$(6,533)
Quarter Ended March 28, 2020:
Unrealized gains (losses) arising during the period161 (33)(306)(178)
Reclassifications of realized net (gains) losses to net income(32)106 — 74 
Balance at March 28, 2020$122 $(5,566)$(1,193)$(6,637)
Six months ended fiscal 2021
Balance at October 3, 2020$(151)$(7,222)$(949)$(8,322)
Six Months Ended April 3, 2021:
Unrealized gains (losses) arising during the period(32)43 126 137 
Reclassifications of realized net (gains) losses to net income(31)   298    —    267    
Balance at April 3, 2021$(214)$(6,881)$(823)$(7,918)
Six months ended fiscal 2020
Balance at September 28, 2019$100 $(5,746)$(971)$(6,617)
Six Months Ended March 28, 2020:
Unrealized gains (losses) arising during the period100 (33)(222)(155)
Reclassifications of realized net (gains) losses to net income(78)213 — 135 
Balance at March 28, 2020$122 $(5,566)$(1,193)$(6,637)
(1)Primarily reflects market value adjustments for cash flow hedges.
Details about AOCI Components Reclassified to Net Income
Details about AOCI components reclassified to net income are as follows:
Gain (loss) in net income:
Affected line item in the
Condensed Consolidated
Statements of Operations:
Quarter EndedSix Months Ended
April 3,
2021
March 28,
2020
April 3,
2021
March 28,
2020
Market value adjustments, primarily cash flow hedgesPrimarily revenue$(5)$42 $38 $102 
Estimated taxIncome taxes2 (10)(7)(24)
(3)32 31 78 
Pension and postretirement medical expenseInterest expense, net(194)(138)(388)(277)
Estimated taxIncome taxes45   32   90   64   
(149)(106)(298)(213)
Total reclassifications for the period$(152)$(74)$(267)$(135)