ACCUMULATED OTHER COMPREHENSIVE (LOSS) ("AOCI") (Tables)

3 Months Ended

Apr. 01, 2022

Equity [Abstract]

Schedule of Components of 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 December 31, 2021	$	(118)	$	(89)	$	61	$	(146)
Other comprehensive (loss) income before reclassifications to earnings, net of income taxes	(3)		5		—		2
Gains reclassified to earnings, net of income taxes	—		(1)		(5)		(6)
Other comprehensive (loss) income, net of income taxes	(3)		4		(5)		(4)
Balance at April 1, 2022	$	(121)	$	(85)	$	56	$	(150)
Balance at January 1, 2021	$	(58)	$	(80)	$	(701)	$	(839)
Other comprehensive (loss) income before reclassifications to earnings, net of income taxes	(18)		5		—		(13)
(Gains) losses 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)

_______________

(1)(Gains) losses 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).