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

3 Months Ended

Apr. 02, 2021

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 1, 2021	$	(58)	$	(80)	$	(701)	$	(839)
Other comprehensive (loss) income, before income taxes	(18)		6		—		(12)
Income taxes	—		(1)		—		(1)
Other comprehensive (loss) income before reclassifications to earnings, net of income taxes	(18)		5		—		(13)
Losses (gains) reclassified to earnings(1)	—		(4)		2		(2)
Income taxes	—		1		(1)		—
Losses (gains) reclassified to earnings, net of income taxes	—		(3)		1		(2)
Other comprehensive (loss) income, net of income taxes	(18)		2		1		(15)
Balance at April 2, 2021	$	(76)	$	(78)	$	(700)	$	(854)

Balance at January 3, 2020	$	(81)	$	(55)	$	(372)	$	(508)
Other comprehensive loss, before income taxes	(67)		(98)		(1)		(166)
Income taxes	—		25		—		25
Other comprehensive loss before reclassifications to earnings, net of income taxes	(67)		(73)		(1)		(141)
Losses (gains) reclassified to earnings(1)	—		3		(5)		(2)
Income taxes	—		(1)		1		—
Losses (gains) reclassified to earnings, net of income taxes	—		2		(4)		(2)
Other comprehensive loss, net of income taxes	(67)		(71)		(5)		(143)
Balance at April 3, 2020	$	(148)	$	(126)	$	(377)	$	(651)

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