Equity (Tables)

3 Months Ended

Apr. 02, 2022

Reclassifications out of Accumulated other comprehensive income (AOCI) for the quarters ended April 2, 2022 and April 3, 2021, consisted of the following:


(millions)
Details about AOCI components	Amount reclassified from AOCI				Line item impacted within Income Statement
	Quarter ended April 2, 2022		Quarter ended April 3, 2021
(Gains) losses on cash flow hedges:


Interest rate contracts (a)	$	4	$	5	Interest expense

	$	4	$	5	Total before tax
	(1)		(1)		Tax expense (benefit)
	$	3	$	4	Net of tax
Amortization of postretirement and postemployment benefits:
Net experience (gain) loss (b)	$	(1)	$	(1)	OIE

	$	(1)	$	(1)	Total before tax
	—		—		Tax expense (benefit)
	$	(1)	$	(1)	Net of tax





Total reclassifications	$	2	$	3	Net of tax

(a) See Derivative instruments and fair value measurements note

(b) See Employee benefits note

Summary of Accumulated Other Comprehensive Income (Loss)

Accumulated other comprehensive income (loss), net of tax, as of April 2, 2022 and January 1, 2022 consisted of the following:


(millions)	April 2, 2022		January 1, 2022
Foreign currency translation adjustments	$	(1,627)	$	(1,681)
Cash flow hedges — unrealized net gain (loss)	47		(13)
Postretirement and postemployment benefits:
Net experience gain (loss)	(2)		(1)
Prior service credit (cost)	(26)		(26)
Available-for-sale securities unrealized net gain (loss)	(3)		—
Total accumulated other comprehensive income (loss)	$	(1,611)	$	(1,721)