Equity (Tables)

3 Months Ended

Mar. 31, 2018

Equity [Abstract]

Schedule of Earnings Per Share

Quarters ended March 31, 2018 and April 1, 2017:

(millions, except per share data)	Net income		Average shares outstanding	Earnings per share
2018
Basic	$	444	346	$	1.28
Dilutive potential common shares			2	(0.01		)
Diluted	$	444	348	$	1.27
2017
Basic	$	266	351	$	0.76
Dilutive potential common shares			3	(0.01		)
Diluted	$	266	354	$	0.75

Reclassifications Out of AOCI

Reclassifications out of AOCI for the quarters ended March 31, 2018 and April 1, 2017, consisted of the following:

(millions)
Details about AOCI components	Amount reclassified from AOCI						Line item impacted within Income Statement
	Quarter ended March 31, 2018			Quarter ended April 1, 2017
(Gains) losses on cash flow hedges:
Foreign currency exchange contracts	$	—		$	(1	)	COGS
Interest rate contracts	2			2			Interest expense
	$	2		$	1		Total before tax
	—			—			Tax expense (benefit)
	$	2		$	1		Net of tax
Amortization of postretirement and postemployment benefits:
Net experience loss	$	(1	)	$	1		OIE
	$	(1	)	$	1		Total before tax
	—			—			Tax expense (benefit)
	$	(1	)	$	1		Net of tax
Total reclassifications	$	1		$	2		Net of tax

Summary of Accumulated Other Comprehensive Income (Loss)

(millions)	March 31, 2018			December 30, 2017
Foreign currency translation adjustments	$	(1,377	)	$	(1,426	)
Cash flow hedges — unrealized net gain (loss)	(59		)	(61		)
Postretirement and postemployment benefits:
Net experience loss	33			34
Prior service cost	(4		)	(4		)
Total accumulated other comprehensive income (loss)	$	(1,407	)	$	(1,457	)