ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

4 Months Ended

May 22, 2021

8.	ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The following table represents the changes in AOCI by component for the first quarters of 2021 and 2020:


			Pension and
	Cash Flow		Postretirement
	Hedging		Defined Benefit
	Activities⁽¹⁾		Plans⁽¹⁾		Total⁽¹⁾
Balance at February 1, 2020	$	(42)	$	(598)	$	(640)
OCI before reclassifications⁽²⁾		(22)		—		(22)
Amounts reclassified out of AOCI⁽³⁾		1		3		4
Net current-period OCI		(21)		3		(18)
Balance at May 23, 2020	$	(63)	$	(595)	$	(658)

Balance at January 30, 2021	$	(54)	$	(576)	$	(630)
Amounts reclassified out of AOCI⁽³⁾		2		1		3
Net current-period OCI		2		1		3
Balance at May 22, 2021	$	(52)	$	(575)	$	(627)

(1)	All amounts are net of tax.

(2)	Net of tax of ($11) for cash flow hedging activities for the first quarter of 2020.

(3)	Net of tax of $1 for cash flow hedging activities and $2 for pension and postretirement defined benefit plans for the first quarter of 2020. Net of tax of $1 for cash flow hedging activities and $1 for pension and postretirement defined benefit plans for the first quarter of 2021.

The following table represents the items reclassified out of AOCI and the related tax effects for the first quarters of 2021 and 2020:


	First Quarter Ended
	May 22,		May 23,
	2021		2020
Cash flow hedging activity items
Amortization of gains and losses on cash flow hedging activities⁽¹⁾	$	3	$	2
Tax expense		(1)		(1)
Net of tax		2		1

Pension and postretirement defined benefit plan items
Amortization of amounts included in net periodic pension cost⁽²⁾		2		5
Tax expense		(1)		(2)
Net of tax		1		3
Total reclassifications, net of tax	$	3	$	4

(1)	Reclassified from AOCI into interest expense.

(2)	Reclassified from AOCI into non-service component of company-sponsored pension plan costs. These components are included in the computation of net periodic pension cost (see Note 3 for additional details).