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Accumulated Other Comprehensive Loss | 9 Months Ended
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Oct. 01, 2016
Equity [Abstract] |
Accumulated Other Comprehensive Loss | Accumulated Other Comprehensive Loss Stockholders’ equity includes certain items classified as accumulated other comprehensive loss, including:
• | Unrealized (loss) gain on anticipated sales hedging transactions relates to derivative instruments used to hedge the exposure related to currency exchange rates for forecasted Euro sales. These hedges are designated as cash flow hedges, and the Company defers income statement recognition of gains and losses until the hedged transaction occurs. See Note 9 Derivative Instruments for more details.
• | Unrealized (loss) gain on forward interest rate swaps hedging transactions refers to the hedging of the interest rate risk exposure associated with the variable rate commitment entered into for the Acquisition. See Note 9 Derivative Instruments for more details.
• | Foreign currency translation adjustment relates to the Company's non-U.S. subsidiary companies that have designated a functional currency other than the U.S. dollar. The Company is required to translate the subsidiary functional currency financial statements to dollars using a combination of historical, period-end, and average foreign exchange rates. This combination of rates creates the foreign currency translation adjustment component of accumulated other comprehensive income.
The components of accumulated other comprehensive loss ("AOCI") for the nine months ended October 1, 2016 and October 3, 2015 are as follows (in millions):
|  | Unrealized (loss) gain on sales hedging |  | Unrealized (loss)/ gain on forward interest rate swaps (1) |  | Currency translation adjustments |  | Total
Balance at December 31, 2014 | $ | 5 |  |  | $ | (8 | ) |  | $ | (6 | ) |  | $ | (9 | )
Other comprehensive income (loss) before reclassifications |  | 6 |  |  | (18 | ) |  | (15 | ) |  | (27 | )
Amounts reclassified from AOCI to income |  | (12 | ) |  | 1 |  |  | (7 | ) |  | (18 | )
Tax benefit |  | 1 |  |  | 7 |  |  | — |  |  | 8 |
Other comprehensive loss |  | (5 | ) |  | (10 | ) |  | (22 | ) |  | (37 | )
Balance at October 3, 2015 | $ | — |  |  | $ | (18 | ) |  | $ | (28 | ) |  | $ | (46 | )
Balance at December 31, 2015 | $ | (1 | ) |  | $ | (15 | ) |  | $ | (32 | ) |  | $ | (48 | )
Other comprehensive loss before reclassifications |  | (16 | ) |  | (12 | ) |  | (1 | ) |  | (29 | )
Amounts reclassified from AOCI to income |  | 10 |  |  | 2 |  |  | — |  |  | 12 |
Tax benefit |  | 1 |  |  | 3 |  |  | — |  |  | 4 |
Other comprehensive loss |  | (5 | ) |  | (7 | ) |  | (1 | ) |  | (13 | )
Balance at October 1, 2016 | $ | (6 | ) |  | $ | (22 | ) |  | $ | (33 | ) |  | $ | (61 | )
(1) See Note 9 Derivative Instruments regarding timing of reclassifications. Reclassifications out of AOCI to earnings during the three and nine months ended October 1, 2016 and October 3, 2015 were as follows (in millions):
|  | Three Months Ended |  | Nine Months Ended
|  | October 1, 2016 |  | October 3, 2015 |  | October 1, 2016 |  | October 3, 2015
Comprehensive Income Components | Financial Statement Line Item |  |  |  |  |  |  |
Unrealized losses (gains) on sales hedging: |  |  |  |  |  |  |  |
Total before tax | Net sales of tangible products | $ | 4 |  |  | $ | (1 | ) |  | $ | 10 |  |  | $ | (12 | )
Tax (benefit) expense |  | (1 | ) |  | 1 |  |  | (2 | ) |  | 3 |
Net of taxes |  | 3 |  |  | — |  |  | 8 |  |  | (9 | )
Unrealized losses (gains) on forward interest rate swaps: |  |  |  |  |  |  |  |
Total before tax | Interest expense, net | 1 |  |  | 1 |  |  | 2 |  |  | 1 |
Tax benefit |  | (1 | ) |  | — |  |  | (1 | ) |  | — |
Net of taxes |  | — |  |  | 1 |  |  | 1 |  |  | 1 |
Currency translation adjustments | Foreign exchange loss | — |  |  | — |  |  | — |  |  | (7 | )
Total amounts reclassified from AOCI |  | $ | 3 |  |  | $ | 1 |  |  | $ | 9 |  |  | $ | (15 | )

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e689-108580 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=36458714&loc=SL7669619-108580 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e640-108580 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 17 -URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e716-108580 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 16 -URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e709-108580 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e637-108580 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14 -URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e681-108580 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Reclassification Adjustments -URI http://asc.fasb.org/extlink&oid=6522872 + Details
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