Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Apr. 05, 2025

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

13. Accumulated Other Comprehensive Income (Loss)

The following tables reflect the changes in accumulated other comprehensive income (loss) by component for the three months ended April 5, 2025 and March 30, 2024 (in millions):

	Three-Month (13-Week) Period Ended
	April 5, 2025
	Gains on		Foreign Currency			Adjustment to Early
	Hedging Derivatives		Losses			Retiree Medical Plan		Total
Accumulated other comprehensive   income (loss) at December 31, 2024	$	1	$	(220	)	$	11	$	(208	)
Other comprehensive income (loss)    before reclassifications		10		(3	)		-		7
Amounts reclassified from accumulated    other comprehensive income    into earnings (1)		3		-			-		3
Net current-period other    comprehensive income (loss)		13		(3	)		-		10
Accumulated other comprehensive    income (loss) at April 5, 2025	$	14	$	(223	)	$	11	$	(198	)

	Three-Month (13-Week) Period Ended
	March 30, 2024
	Gains and (Losses) on			Foreign Currency			Adjustment to Early
	Hedging Derivatives			Losses			Retiree Medical Plan		Total
Accumulated other comprehensive    income (loss) at December 31, 2023	$	(14	)	$	(159	)	$	11	$	(162	)
Other comprehensive loss    before reclassifications		(5	)		(15	)		-		(20	)
Amounts reclassified from accumulated    other comprehensive income    into earnings (1)		5			-			-		5
Net current-period other    comprehensive loss		-			(15	)		-		(15	)
Accumulated other comprehensive    income (loss) at March 30, 2024	$	(14	)	$	(174	)	$	11	$	(177	)

(1)Includes $3 and $5 net-of-tax impact of accumulated other comprehensive income (loss) reclassifications into cost of products sold for net losses on commodity contracts in the first quarter of 2025 and 2024, respectively. The tax impact of those reclassifications was $1 and $2 in the first quarter of 2025 and 2024, respectively.