Accumulated Other Comprehensive Income (Loss) ("AOCI")

9 Months Ended

Oct. 02, 2020

Accumulated Other Comprehensive Income (Loss) ("AOCI")

Note F — Accumulated Other Comprehensive Income (Loss) ("AOCI")

The components of AOCI are summarized below:


(In millions)	Foreign currency translation		Net unrealized losses on hedging derivatives		Unrecognized postretirement obligations		Total AOCI

Balance at January 3, 2020	$	(81)	$	(55)	$	(372)	$	(508)
Other comprehensive loss, before income taxes	(28)		(75)		—		(103)
Income taxes	—		20		—		20
Other comprehensive loss before reclassifications to earnings, net of income taxes	(28)		(55)		—		(83)
Losses (gains) reclassified to earnings(1)	7		8		(16)		(1)
Income taxes	—		(2)		4		2
Losses (gains) reclassified to earnings, net of income taxes	7		6		(12)		1
Other comprehensive loss, net of income taxes	$	(21)	$	(49)	$	(12)	$	(82)
Balance at October 2, 2020	$	(102)	$	(104)	$	(384)	$	(590)

Balance at December 28, 2018	$	(107)	$	(19)	$	(85)	$	(211)
Other comprehensive loss, before income taxes	(24)		(75)		(631)		(730)
Income taxes	—		18		153		171
Other comprehensive loss before reclassifications to earnings, net of income taxes	(24)		(57)		(478)		(559)
Losses reclassified to earnings(1)	—		1		17		18
Income taxes	—		—		(4)		(4)
Losses reclassified to earnings, net of income taxes	—		1		13		14
Other comprehensive loss, net of income taxes	$	(24)	$	(56)	$	(465)	$	(545)
Balance at September 27, 2019	$	(131)	$	(75)	$	(550)	$	(756)

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(1)Losses (gains) reclassified to earnings are included in the “Revenue from product sales and services,” “Business divestiture-related (losses) gains,” “Interest expense” and “Non-operating income” line items in our Condensed Consolidated Statement of Income (Unaudited).