Accumulated Other Comprehensive Income

9 Months Ended

Oct. 02, 2011

Accumulated Other Comprehensive Income [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME

NOTE 7 — ACCUMULATED OTHER COMPREHENSIVE INCOME

Total comprehensive income for the fiscal nine months ended October 2, 2011 was $9.9 billion, compared with $11.5 billion for the same period a year ago. Total comprehensive income for the fiscal third quarter ended October 2, 2011 was $1.3 billion, compared with $6.2 billion for the same period a year ago. Total comprehensive income included net earnings, net unrealized currency gains and losses on translation, net unrealized gains and losses on securities available for sale, adjustments related to employee benefit plans, and net gains and losses on derivative instruments qualifying and designated as cash flow hedges.

The following table sets forth the components of accumulated other comprehensive income:

													Total
													Accum
													Other
	Foreign			Securities			Employee			Deriv.			Comp.
Gains/(Losses)	Currency			Available			Benefit			&			Income/
(Dollars in Millions)	Translation			for sale			Plans			Hedges			(Loss)
January 2, 2011	$	(969	)		24			(2,686	)		100			(3,531	)
2011 nine months change
Unrealized gain (loss)					327						(105	)
Net amount reclassed to net earnings		—			(142	)		—			185	*
Net nine months change		(3	)		185			201			80			463
October 2, 2011	$	(972	)		209			(2,485	)		180			(3,068	)

* Substantially offset in net earnings by changes in value of the underlying transactions.

Amounts in accumulated other comprehensive income are presented net of the related tax impact. Foreign currency translation adjustments are not currently adjusted for income taxes as they relate to permanent investments in international subsidiaries.