Equity (Tables)

6 Months Ended

Apr. 01, 2023

Equity [Abstract]

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 for Hedges		Unrecognized Pension and  Postretirement Medical  Expense		Foreign Currency Translation and Other		AOCI
AOCI, before tax
Second quarter of fiscal 2023
Balance at December 31, 2022	$	111	$	(3,769)	$	(1,826)	$	(5,484)
Quarter Ended April 1, 2023:
Unrealized gains (losses) arising during the period	7		71		125		203
Reclassifications of realized net (gains) losses to net income	(116)		1		—		(115)
Balance at April 1, 2023	$	2	$	(3,697)	$	(1,701)	$	(5,396)
Second quarter of fiscal 2022
Balance at January 1, 2022	$	(83)	$	(6,823)	$	(1,084)	$	(7,990)
Quarter Ended April 2, 2022:
Unrealized gains (losses) arising during the period	53		—		(196)		(143)
Reclassifications of realized net (gains) losses to net income	(21)		155		—		134
Balance at April 2, 2022	$	(51)	$	(6,668)	$	(1,280)	$	(7,999)
Six months ended fiscal 2023
Balance at October 1, 2022	$	804	$	(3,770)	$	(2,014)	$	(4,980)
Six Months Ended April 1, 2023:
Unrealized gains (losses) arising during the period	(468)		71		271		(126)
Reclassifications of realized net (gains) losses to net income	(334)		2		42		(290)
Balance at April 1, 2023	$	2	$	(3,697)	$	(1,701)	$	(5,396)
Six months ended fiscal 2022
Balance at October 2, 2021	$	(152)	$	(7,025)	$	(1,047)	$	(8,224)
Six Months Ended April 2, 2022:
Unrealized gains (losses) arising during the period	140		47		(233)		(46)
Reclassifications of realized net (gains) losses to net income	(39)		310		—		271
Balance at April 2, 2022	$	(51)	$	(6,668)	$	(1,280)	$	(7,999)

	Market Value Adjustments for Hedges		Unrecognized Pension and  Postretirement Medical  Expense		Foreign Currency Translation and Other		AOCI
Tax on AOCI
Second quarter of fiscal 2023
Balance at December 31, 2022	$	(28)	$	901	$	133	$	1,006
Quarter Ended April 1, 2023:
Unrealized gains (losses) arising during the period	—		(16)		(10)		(26)
Reclassifications of realized net (gains) losses to net income	27		—		—		27
Balance at April 1, 2023	$	(1)	$	885	$	123	$	1,007
Second quarter of fiscal 2022
Balance at January 1, 2022	$	23	$	1,606	$	85	$	1,714
Quarter Ended April 2, 2022:
Unrealized gains (losses) arising during the period	(9)		—		13		4
Reclassifications of realized net (gains) losses to net income	5		(36)		—		(31)
Balance at April 2, 2022	$	19	$	1,570	$	98	$	1,687
Six months ended fiscal 2023
Balance at October 1, 2022	$	(179)	$	901	$	139	$	861
Six Months Ended April 1, 2023:
Unrealized gains (losses) arising during the period	100		(16)		(2)		82
Reclassifications of realized net (gains) losses to net income	78		—		(14)		64
Balance at April 1, 2023	$	(1)	$	885	$	123	$	1,007
Six months ended fiscal 2022
Balance at October 2, 2021	$	42	$	1,653	$	89	$	1,784
Six Months Ended April 2, 2022:
Unrealized gains (losses) arising during the period	(32)		(11)		9		(34)
Reclassifications of realized net (gains) losses to net income	9		(72)		—		(63)
Balance at April 2, 2022	$	19	$	1,570	$	98	$	1,687

	Market Value Adjustments for Hedges		Unrecognized Pension and  Postretirement Medical  Expense		Foreign Currency Translation and Other		AOCI
AOCI, after tax
Second quarter of fiscal 2023
Balance at December 31, 2022	$	83	$	(2,868)	$	(1,693)	$	(4,478)
Quarter Ended April 1, 2023:
Unrealized gains (losses) arising during the period	7		55		115		177
Reclassifications of realized net (gains) losses to net income	(89)		1		—		(88)
Balance at April 1, 2023	$	1	$	(2,812)	$	(1,578)	$	(4,389)
Second quarter of fiscal 2022
Balance at January 1, 2022	$	(60)	$	(5,217)	$	(999)	$	(6,276)
Quarter Ended April 2, 2022:
Unrealized gains (losses) arising during the period	44		—		(183)		(139)
Reclassifications of realized net (gains) losses to net income	(16)		119		—		103
Balance at April 2, 2022	$	(32)	$	(5,098)	$	(1,182)	$	(6,312)
Six months ended fiscal 2023
Balance at October 1, 2022	$	625	$	(2,869)	$	(1,875)	$	(4,119)
Six Months Ended April 1, 2023:
Unrealized gains (losses) arising during the period	(368)		55		269		(44)
Reclassifications of realized net (gains) losses to net income	(256)		2		28		(226)
Balance at April 1, 2023	$	1	$	(2,812)	$	(1,578)	$	(4,389)
Six months ended fiscal 2022
Balance at October 2, 2021	$	(110)	$	(5,372)	$	(958)	$	(6,440)
Six Months Ended April 2, 2022:
Unrealized gains (losses) arising during the period	108		36		(224)		(80)
Reclassifications of realized net (gains) losses to net income	(30)		238		—		208
Balance at April 2, 2022	$	(32)	$	(5,098)	$	(1,182)	$	(6,312)

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 Ended				Six Months Ended
		April 1, 2023		April 2, 2022		April 1, 2023		April 2, 2022
Market value adjustments, primarily cash flow hedges	Primarily revenue	$	116	$	21	$	334	$	39
Estimated tax	Income taxes	(27)		(5)		(78)		(9)
		89		16		256		30
Pension and postretirement medical expense	Interest expense, net	(1)		(155)		(2)		(310)
Estimated tax	Income taxes	—		36		—		72
		(1)		(119)		(2)		(238)
Foreign currency translation and other	Restructuring and impairment charges	—		—		(42)		—
Estimated tax	Income taxes	—		—		14		—
		—		—		(28)		—
Total reclassifications for the period		$	88	$	(103)	$	226	$	(208)