Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Jan. 03, 2021

Accumulated Other Comprehensive Income (Loss)

Components of other comprehensive income (loss) consist of the following:


(Dollars in Millions)	Foreign Currency Translation		Gain/(Loss) On Securities		Employee Benefit Plans	Gain/ (Loss) On Derivatives & Hedges	Total Accumulated Other Comprehensive Income (Loss)
December 31, 2017	$	(7,351)	232		(6,150)	70	(13,199)
Cumulative adjustment to retained earnings			(232)	(1)			(232)
Net 2018 changes	(1,518)		—		(8)	(265)	(1,791)
December 30, 2018	(8,869)		—		(6,158)	(195)	(15,222)

Net 2019 changes	164		—		(733)	(100)	(669)
December 29, 2019	(8,705)		—		(6,891)	(295)	(15,891)

Net 2020 changes	(233)		1		(66)	947	649
January 3, 2021	$	(8,938)	1		(6,957)	652	(15,242)

(1) Per the adoption of ASU 2016-01- Financial Instruments

Amounts in accumulated other comprehensive income are presented net of the related tax impact. Foreign currency translation is not adjusted for income taxes where it relates to permanent investments in international subsidiaries. For additional details on comprehensive income see the Consolidated Statements of Comprehensive Income.

Details on reclassifications out of Accumulated Other Comprehensive Income:

Gain/(Loss) On Securities - reclassifications released to Other (income) expense, net.

Employee Benefit Plans - reclassifications are included in net periodic benefit cost. See Note 10 for additional details.

Gain/(Loss) On Derivatives & Hedges - reclassifications to earnings are recorded in the same account as the hedged transaction. See Note 6 for additional details.