Other Comprehensive Income (Loss)

12 Months Ended

Dec. 26, 2020

Other Comprehensive Income (Loss) [Text Block]


Note 15 :			Other Comprehensive Income (Loss)

The changes in accumulated other comprehensive income (loss) by component and related tax effects for each period were as follows:


(In Millions)	Unrealized Holding Gains (Losses) on Derivatives		Actuarial Valuation and Other Pension Expenses		Translation Adjustments and Other		Total


December 31, 20171	$	130	$	(1,028)	$	(30)	$	(928)
Other comprehensive income (loss) before reclassifications	(310)		157		(16)		(169)
Amounts reclassified out of accumulated other comprehensive income (loss)	9		109		8		126
Tax effects	48		(56)		5		(3)
Other comprehensive income (loss)	(253)		210		(3)		(46)
December 29, 2018	(123)		(818)		(33)		(974)


Other comprehensive income (loss) before reclassifications	(11)		(753)		109		(655)
Amounts reclassified out of accumulated other comprehensive income (loss)	195		67		(6)		256
Tax effects	(7)		122		(22)		93
Other comprehensive income (loss)	177		(564)		81		(306)
December 28, 2019	54		(1,382)		48		(1,280)
Other comprehensive income (loss) before reclassifications	806		(323)		55		538
Amounts reclassified out of accumulated other comprehensive income (loss)	(8)		89		(11)		70
Tax effects	(121)		51		(9)		(79)
Other comprehensive income (loss)	677		(183)		35		529
December 26, 2020	$	731	$	(1,565)	$	83	$	(751)

1Balances as of December 31, 2017 include opening balance adjustments made as a result of changes in accounting principle due to the adoption of new accounting standards in 2018.

We estimate that we will reclassify approximately $330 million (before taxes) of net derivative gains included in accumulated other comprehensive income (loss) into earnings within the next 12 months.