Other Comprehensive Income (Loss)

3 Months Ended

Apr. 02, 2022


Note 10 :			Other Comprehensive Income (Loss)

The changes in accumulated other comprehensive income (loss) by component and related tax effects in the first three months of 2022 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 25, 2021	$	211	$	(1,114)	$	23	$	(880)
Other comprehensive income (loss) before reclassifications	(115)		3		(32)		(144)
Amounts reclassified out of accumulated other comprehensive income (loss)	(15)		11		—		(4)
Tax effects	15		4		7		26
Other comprehensive income (loss)	(115)		18		(25)		(122)
Balance as of April 2, 2022	$	96	$	(1,096)	$	(2)	$	(1,002)

We estimate that we will reclassify approximately $73 million (before taxes) of net derivative losses included in accumulated other comprehensive income (loss) into earnings within the next 12 months.