Other Comprehensive Income (Loss)

9 Months Ended

Sep. 25, 2021


Note 11 :			Other Comprehensive Income (Loss)

The changes in accumulated other comprehensive income (loss) by component and related tax effects in the first nine 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	(313)		5		(41)		(349)
Amounts reclassified out of accumulated other comprehensive income (loss)	(196)		47		(14)		(163)
Tax effects	119		(14)		11		116
Other comprehensive income (loss)	(390)		38		(44)		(396)
Balance as of September 25, 2021	$	341	$	(1,527)	$	39	$	(1,147)

We estimate that we will reclassify approximately $90 million (before taxes) of net derivative gains included in accumulated other comprehensive income (loss) into earnings within the next 12 months.