ACCUMULATED OTHER COMPREHENSIVE LOSS ("AOCI")

6 Months Ended

Jun. 30, 2023

ACCUMULATED OTHER COMPREHENSIVE LOSS ("AOCI")

NOTE D: ACCUMULATED OTHER COMPREHENSIVE 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 December 30, 2022	$	(237)	$	(79)	$	28	$	(288)
Other comprehensive income, before reclassifications to earnings and income taxes	35		12		—		47
Income taxes	—		(3)		—		(3)
Other comprehensive income before reclassifications to earnings, net of income taxes	35		9		—		44
Losses (gains) reclassified to earnings, before income taxes	—		2		(27)		(25)
Income taxes	—		(1)		7		6
Losses (gains) reclassified to earnings, net of income taxes(1)	—		1		(20)		(19)
Other comprehensive income (loss), net of income taxes	35		10		(20)		25
Balance at June 30, 2023	$	(202)	$	(69)	$	8	$	(263)

Balance at December 31, 2021	$	(118)	$	(89)	$	61	$	(146)
Other comprehensive loss, before reclassifications to earnings and income taxes	(76)		(3)		—		(79)
Income taxes	—		1		—		1
Other comprehensive loss before reclassifications to earnings, net of income taxes	(76)		(2)		—		(78)
Losses (gains) reclassified to earnings, before income taxes	—		3		(12)		(9)
Income taxes	—		(1)		2		1
Losses (gains) reclassified to earnings, net of income taxes(1)	—		2		(10)		(8)
Other comprehensive loss, net of income taxes	(76)		—		(10)		(86)
Balance at July 1, 2022	$	(194)	$	(89)	$	51	$	(232)

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