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Accumulated Other Comprehensive Income (loss) | 6 Months Ended
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Jul. 01, 2017
Equity [Abstract] |
Accumulated Other Comprehensive Income (loss) | Accumulated Other Comprehensive Income (loss) Stockholders’ equity includes certain items classified as accumulated other comprehensive income (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 7, 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 7, 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 income (loss) (“AOCI”) for the three months ended July 1, 2017 and July 2, 2016 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, 2015 |  | $ | (1 | ) |  | $ | (15 | ) |  | $ | (32 | ) |  | $ | (48 | )
Other comprehensive (loss) income before reclassifications |  | (11 | ) |  | (16 | ) |  | (2 | ) |  | (29 | )
Amounts reclassified from AOCI |  | 6 |  |  | 1 |  |  | — |  |  | 7 |
Tax benefit |  | 1 |  |  | 5 |  |  | — |  |  | 6 |
Other comprehensive (loss) income |  | (4 | ) |  | (10 | ) |  | (2 | ) |  | (16 | )
Balance at July 2, 2016 |  | $ | (5 | ) |  | $ | (25 | ) |  | $ | (34 | ) |  | $ | (64 | )
Balance at December 31, 2016 |  | $ | 6 |  |  | $ | (15 | ) |  | $ | (36 | ) |  | $ | (45 | )
Other comprehensive (loss) income before reclassifications |  | (16 | ) |  | 1 |  |  | — |  |  | (15 | )
Amounts reclassified from AOCI |  | (1 | ) |  | 1 |  |  | — |  |  | — |
Tax benefit (expense) |  | 3 |  |  | — |  |  | — |  |  | 3 |
Other comprehensive (loss) income |  | (14 | ) |  | 2 |  |  | — |  |  | (12 | )
Balance at July 1, 2017 |  | $ | (8 | ) |  | $ | (13 | ) |  | $ | (36 | ) |  | $ | (57 | )
(1) See Note 7, Derivative Instruments regarding timing of reclassifications. Reclassifications out of AOCI to earnings during the three and six months ended July 1, 2017 and July 2, 2016 were immaterial in the respective periods.

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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 -URI http://asc.fasb.org/topic&trid=2134417 + Details
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- References No definition available. + Details
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