Equity (Tables)

9 Months Ended

Jul. 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
Third quarter of fiscal 2023
Balance at April 1, 2023	$	2	$	(3,697)	$	(1,701)	$	(5,396)
Quarter Ended July 1, 2023:
Unrealized gains (losses) arising during the period	85		—		(44)		41
Reclassifications of realized net (gains) losses to net income	(73)		1		—		(72)
Balance at July 1, 2023	$	14	$	(3,696)	$	(1,745)	$	(5,427)
Third quarter of fiscal 2022
Balance at April 2, 2022	$	(51)	$	(6,668)	$	(1,280)	$	(7,999)
Quarter Ended July 2, 2022:
Unrealized gains (losses) arising during the period	601		—		(404)		197
Reclassifications of realized net (gains) losses to net income	(27)		155		—		128
Balance at July 2, 2022	$	523	$	(6,513)	$	(1,684)	$	(7,674)
Nine months ended fiscal 2023
Balance at October 1, 2022	$	804	$	(3,770)	$	(2,014)	$	(4,980)
Nine Months Ended July 1, 2023:
Unrealized gains (losses) arising during the period	(383)		71		227		(85)
Reclassifications of realized net (gains) losses to net income	(407)		3		42		(362)
Balance at July 1, 2023	$	14	$	(3,696)	$	(1,745)	$	(5,427)
Nine months ended fiscal 2022
Balance at October 2, 2021	$	(152)	$	(7,025)	$	(1,047)	$	(8,224)
Nine Months Ended July 2, 2022:
Unrealized gains (losses) arising during the period	741		47		(637)		151
Reclassifications of realized net (gains) losses to net income	(66)		465		—		399
Balance at July 2, 2022	$	523	$	(6,513)	$	(1,684)	$	(7,674)

	Market Value Adjustments for Hedges		Unrecognized Pension and  Postretirement Medical  Expense		Foreign Currency Translation and Other		AOCI
Tax on AOCI
Third quarter of fiscal 2023
Balance at April 1, 2023	$	(1)	$	885	$	123	$	1,007
Quarter Ended July 1, 2023:
Unrealized gains (losses) arising during the period	(19)		—		9		(10)
Reclassifications of realized net (gains) losses to net income	17		—		—		17
Balance at July 1, 2023	$	(3)	$	885	$	132	$	1,014
Third quarter of fiscal 2022
Balance at April 2, 2022	$	19	$	1,570	$	98	$	1,687
Quarter Ended July 2, 2022:
Unrealized gains (losses) arising during the period	(152)		—		27		(125)
Reclassifications of realized net (gains) losses to net income	6		(36)		—		(30)
Balance at July 2, 2022	$	(127)	$	1,534	$	125	$	1,532
Nine months ended fiscal 2023
Balance at October 1, 2022	$	(179)	$	901	$	139	$	861
Nine Months Ended July 1, 2023:
Unrealized gains (losses) arising during the period	81		(16)		7		72
Reclassifications of realized net (gains) losses to net income	95		—		(14)		81
Balance at July 1, 2023	$	(3)	$	885	$	132	$	1,014
Nine months ended fiscal 2022
Balance at October 2, 2021	$	42	$	1,653	$	89	$	1,784
Nine Months Ended July 2, 2022:
Unrealized gains (losses) arising during the period	(184)		(11)		36		(159)
Reclassifications of realized net (gains) losses to net income	15		(108)		—		(93)
Balance at July 2, 2022	$	(127)	$	1,534	$	125	$	1,532

	Market Value Adjustments for Hedges		Unrecognized Pension and  Postretirement Medical  Expense		Foreign Currency Translation and Other		AOCI
AOCI, after tax
Third quarter of fiscal 2023
Balance at April 1, 2023	$	1	$	(2,812)	$	(1,578)	$	(4,389)
Quarter Ended July 1, 2023:
Unrealized gains (losses) arising during the period	66		—		(35)		31
Reclassifications of realized net (gains) losses to net income	(56)		1		—		(55)
Balance at July 1, 2023	$	11	$	(2,811)	$	(1,613)	$	(4,413)
Third quarter of fiscal 2022
Balance at April 2, 2022	$	(32)	$	(5,098)	$	(1,182)	$	(6,312)
Quarter Ended July 2, 2022:
Unrealized gains (losses) arising during the period	449		—		(377)		72
Reclassifications of realized net (gains) losses to net income	(21)		119		—		98
Balance at July 2, 2022	$	396	$	(4,979)	$	(1,559)	$	(6,142)
Nine months ended fiscal 2023
Balance at October 1, 2022	$	625	$	(2,869)	$	(1,875)	$	(4,119)
Nine Months Ended July 1, 2023:
Unrealized gains (losses) arising during the period	(302)		55		234		(13)
Reclassifications of realized net (gains) losses to net income	(312)		3		28		(281)
Balance at July 1, 2023	$	11	$	(2,811)	$	(1,613)	$	(4,413)
Nine months ended fiscal 2022
Balance at October 2, 2021	$	(110)	$	(5,372)	$	(958)	$	(6,440)
Nine Months Ended July 2, 2022:
Unrealized gains (losses) arising during the period	557		36		(601)		(8)
Reclassifications of realized net (gains) losses to net income	(51)		357		—		306
Balance at July 2, 2022	$	396	$	(4,979)	$	(1,559)	$	(6,142)

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				Nine Months Ended
		July 1, 2023		July 2, 2022		July 1, 2023		July 2, 2022
Market value adjustments, primarily cash flow hedges	Primarily revenue	$	73	$	27	$	407	$	66
Estimated tax	Income taxes	(17)		(6)		(95)		(15)
		56		21		312		51
Pension and postretirement medical expense	Interest expense, net	(1)		(155)		(3)		(465)
Estimated tax	Income taxes	—		36		—		108
		(1)		(119)		(3)		(357)
Foreign currency translation and other	Restructuring and impairment charges	—		—		(42)		—
Estimated tax	Income taxes	—		—		14		—
		—		—		(28)		—
Total reclassifications for the period		$	55	$	(98)	$	281	$	(306)