ACCUMULATED OTHER COMPREHENSIVE LOSS ("AOCL")

9 Months Ended

Sep. 29, 2023

ACCUMULATED OTHER COMPREHENSIVE LOSS ("AOCL")

NOTE D: ACCUMULATED OTHER COMPREHENSIVE LOSS ("AOCL")

The components of AOCL are summarized below:


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

Balance at December 30, 2022	$	(237)	$	(79)	$	28	$	(288)
Other comprehensive (loss) income, before reclassifications to earnings and income taxes	(10)		8		—		(2)
Income taxes	—		(2)		—		(2)
Other comprehensive (loss) income before reclassifications to earnings, net of income taxes	(10)		6		—		(4)
Losses (gains) reclassified to earnings, before income taxes	—		3		(41)		(38)
Income taxes	—		(1)		10		9
Losses (gains) reclassified to earnings, net of income taxes(1)	—		2		(31)		(29)
Other comprehensive (loss) income, net of income taxes	(10)		8		(31)		(33)
Balance at September 29, 2023	$	(247)	$	(71)	$	(3)	$	(321)

Balance at December 31, 2021	$	(118)	$	(89)	$	61	$	(146)
Other comprehensive loss, before reclassifications to earnings and income taxes	(196)		(18)		—		(214)
Income taxes	—		4		—		4
Other comprehensive loss before reclassifications to earnings, net of income taxes	(196)		(14)		—		(210)
Losses (gains) reclassified to earnings, before income taxes	—		7		(18)		(11)
Income taxes	—		(2)		3		1
Losses (gains) reclassified to earnings, net of income taxes(1)	—		5		(15)		(10)
Other comprehensive loss, net of income taxes	(196)		(9)		(15)		(220)
Balance at September 30, 2022	$	(314)	$	(98)	$	46	$	(366)

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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.