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Accumulated Other Comprehensive Income (Loss) ("AOCI") (Tables)
3 Months Ended
Sep. 27, 2019
Equity [Abstract]  
Schedule of Components of AOCI
The components of AOCI are summarized below:
 
Foreign currency translation(1)
 
Net unrealized (losses) gains on hedging derivatives(2)
 
Unrecognized postretirement obligations(3)
 
Total AOCI
 
 
 
 
 
 
 
 
 
(In millions)
Balance at June 28, 2019
$
(106
)
 
$
(38
)
 
$
(563
)
 
$
(707
)
Other comprehensive loss
(25
)
 
(38
)
 

 
(63
)
Amounts reclassified to earnings from AOCI

 
1

 
13

 
14

Balance at September 27, 2019
$
(131
)
 
$
(75
)
 
$
(550
)
 
$
(756
)
 
 
 
 
 
 
 
 
Balance at June 29, 2018
$
(99
)
 
$
(20
)
 
$
(83
)
 
$
(202
)
Other comprehensive income (loss)

 
1

 
(1
)
 

Amounts reclassified to earnings from AOCI

 

 

 

Balance at September 28, 2018
$
(99
)
 
$
(19
)
 
$
(84
)
 
$
(202
)

_______________
(1)
Net of income taxes of $2 million at September 27, 2019, June 28, 2019, September 28, 2018 and June 29, 2018.
(2)
Net of income taxes of $24 million, $13 million, $6 million and $7 million at September 27, 2019, June 28, 2019, September 28, 2018 and June 29, 2018, respectively.
(3)
Net of income taxes of $183 million and $188 million at September 27, 2019 and June 28, 2019, respectively, and net of income taxes of $30 million at September 28, 2018 and June 29, 2018.
Schedule of Reclassifications from AOCI into Earnings
Reclassifications from AOCI into earnings for the quarter ended September 27, 2019 are presented in the table below:
 
Amounts reclassified from AOCI
 
Affected line item in the Condensed Consolidated Statement of Income (Unaudited)
 
 
 
 
 
(In millions)
 
 
Loss on hedging instruments
$
1

 
Engineering, selling and administrative expenses
 
$
1

 
Income from continuing operations
 
 
 
 
Postretirement benefit obligations
$
13

 
Gain on sale of business
 
4

 
Non-operating income
 
(4
)
 
Income taxes
 
$
13

 
Income from continuing operations
 
 
 
 
Total reclassifications for the period
$
14