Other Comprehensive Income (Loss)

6 Months Ended

Jun. 27, 2020

Equity [Abstract]

Other Comprehensive Income (Loss) [Text Block]

NOTE 11 : OTHER COMPREHENSIVE INCOME (LOSS)

The changes in accumulated other comprehensive income (loss) by component and related tax effects in the first six months of 2020 were as follows:

(In Millions)	Unrealized Holding Gains (Losses) on Derivatives		Actuarial Valuation and Other Pension Expenses		Translation Adjustments and Other		Total
Balance as of December 28, 2019	$	54	$	(1,382)	$	48	$	(1,280)
Other comprehensive income (loss) before reclassifications	19		(2)		69		86
Amounts reclassified out of accumulated other comprehensive income (loss)	60		28		—		88
Tax effects	(28)		(3)		(15)		(46)
Other comprehensive income (loss)	51		23		54		128
Balance as of June 27, 2020	$	105	$	(1,359)	$	102	$	(1,152)

We estimate that we will reclassify approximately $48 million (before taxes) of net derivative gains included in accumulated other comprehensive income (loss) into earnings within the next 12 months.