Other Comprehensive Income (Loss)

3 Months Ended

Mar. 27, 2021

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 three months of 2021 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 26, 2020	$	731	$	(1,565)	$	83	$	(751)
Other comprehensive income (loss) before reclassifications	(334)		5		(19)		(348)
Amounts reclassified out of accumulated other comprehensive income (loss)	(95)		16		—		(79)
Tax effects	79		(8)		4		75
Other comprehensive income (loss)	(350)		13		(15)		(352)
Balance as of March 27, 2021	$	381	$	(1,552)	$	68	$	(1,103)

We estimate that we will reclassify approximately $127 million (before taxes) of net derivative gains included in accumulated other comprehensive income (loss) into earnings within the next 12 months.