Redeemable Non-controlling Interests

6 Months Ended

Jun. 30, 2019

Some minority equity owners in certain of our subsidiaries have the right, at certain times, to require us to acquire their ownership interest in those entities at fair value. ASC 480, “Distinguishing Liabilities from Equity”, is applicable for non-controlling interests where we are, or may be, required to purchase all or a portion of the outstanding interest in a subsidiary from the non-controlling interest holder under the terms of a put option contained in contractual agreements. The components of the change in redeemable non-controlling interests for the six months ended June 30, 2019 and the year ended December 29, 2018 are presented in the following table:



	June 30,			December 29,
(In millions)	2019			2018
Balance at beginning of period	$	92		$	367
Decrease in redeemable non-controlling interests due to redemptions	(74		)	(383		)
Increase in redeemable non-controlling interests due to business acquisitions	—			6
Net income attributable to redeemable non-controlling interests	—			7
Dividends paid	—			(10		)
Effect of foreign currency translation gain (loss) attributable to redeemable non-controlling interests	1			(2		)
Change in fair value of redeemable non-controlling interests	(6		)	107
Balance at end of period	$	13		$	92