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Equity (Tables)
9 Months Ended
Sep. 28, 2019
Equity [Abstract]  
Reclassifications Out of AOCI
Reclassifications out of AOCI for the quarter and year-to-date periods ended September 28, 2019 and September 29, 2018, consisted of the following:
(millions)
  
  
  
Details about AOCI
components
Amount reclassified
from AOCI
Line item impacted
within Income Statement
 
Quarter ended
September 28, 2019
Year-to-date period ended
September 28, 2019
  
(Gains) losses on cash flow hedges:
 
 
 
Interest rate contracts
$
(1
)
$
2

Interest expense
 
$
(1
)
$
2

Total before tax
 

(1
)
Tax expense (benefit)
 
$
(1
)
$
1

Net of tax
Amortization of postretirement and postemployment benefits:
 
 
 
Net experience (gain) loss
$
(1
)
$
(3
)
OIE
 
$
(1
)
$
(3
)
Total before tax
 

1

Tax expense (benefit)
 
$
(1
)
$
(2
)
Net of tax
(Gains) losses on available-for-sale securities:
 
 
 
Corporate bonds
$
(4
)
$
(4
)
OIE
 
$
(4
)
$
(4
)
Total before tax
 


Tax expense (benefit)
 
$
(4
)
$
(4
)
Net of tax
Total reclassifications
$
(6
)
$
(5
)
Net of tax

 
 
 
 
(millions)
  
  
  
Details about AOCI
components
Amount reclassified
from AOCI
Line item impacted
within Income Statement
 
Quarter ended
September 29, 2018
Year-to-date period ended
September 29, 2018
  
(Gains) losses on cash flow hedges:
 
 
 
Interest rate contracts
$
2

$
6

Interest expense
 
$
2

$
6

Total before tax
 
(1
)
(2
)
Tax expense (benefit)
 
$
1

$
4

Net of tax
Amortization of postretirement and postemployment benefits:
 
 
 
Net experience loss
$
(1
)
$
(3
)
See Note 10 for further details
 
$
(1
)
$
(3
)
Total before tax
 


Tax expense (benefit)
 
$
(1
)
$
(3
)
Net of tax
Total reclassifications
$

$
1

Net of tax

Summary of Accumulated Other Comprehensive Income (Loss)
Accumulated other comprehensive income (loss), net of tax, as of September 28, 2019 and December 29, 2018 consisted of the following:
(millions)
September 28,
2019
December 29,
2018
Foreign currency translation adjustments
$
(1,432
)
$
(1,467
)
Cash flow hedges — unrealized net gain (loss)
(74
)
(53
)
Postretirement and postemployment benefits:
 
 
Net experience gain (loss)
20

23

Prior service credit (cost)
3

(3
)
Total accumulated other comprehensive income (loss)
$
(1,483
)
$
(1,500
)