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

6 Months Ended

Jul. 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	(3)		9		(3)		3
Income taxes	—		(2)		1		(1)
Other comprehensive (loss) income before reclassifications to earnings, net of income taxes	(3)		7		(2)		2
Losses (gains) reclassified to earnings(1)	2		(8)		8		2
Income taxes	—		2		(2)		—
Losses (gains) reclassified to earnings, net of income taxes	2		(6)		6		2
Other comprehensive (loss) income, net of income taxes	(1)		1		4		4
Balance at July 2, 2021	$	(59)	$	(79)	$	(697)	$	(835)

Balance at January 3, 2020	$	(81)	$	(55)	$	(372)	$	(508)
Other comprehensive loss, before income taxes	(60)		(80)		—		(140)
Income taxes	—		20		—		20
Other comprehensive loss before reclassifications to earnings, net of income taxes	(60)		(60)		—		(120)
Losses (gains) reclassified to earnings(1)	7		7		(10)		4
Income taxes	—		(2)		2		—
Losses (gains) reclassified to earnings, net of income taxes	7		5		(8)		4
Other comprehensive loss, net of income taxes	(53)		(55)		(8)		(116)
Balance at July 3, 2020	$	(134)	$	(110)	$	(380)	$	(624)

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