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Accumulated Other Comprehensive Income (Loss) | 6 Months Ended
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Jun. 29, 2019
Equity [Abstract] |
Accumulated Other Comprehensive Income (Loss) | Accumulated Other Comprehensive Income (Loss) Stockholders’ equity includes certain items classified as AOCI, including:
• | Unrealized gain (loss) 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 gain (loss) on forward interest rate swaps hedging transactions refers to the hedging of the interest rate risk exposure associated with the Company’s variable rate debt. See Note 7, Derivative Instruments for more details.
• | Foreign currency translation adjustments relate 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 U.S. 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 AOCI.
The components of AOCI for the six months ended June 29, 2019 and June 30, 2018 are as follows (in millions):
|  | Unrealized gain (loss) on sales hedging |  | Unrealized gain (loss) on forward interest rate swaps |  | Currency translation adjustments |  | Total
Balance at December 31, 2017 |  | $ | (9 | ) |  | $ | (9 | ) |  | $ | (34 | ) |  | $ | (52 | )
Other comprehensive income (loss) before reclassifications |  | 21 |  |  | 7 |  |  | (7 | ) |  | 21 |
Amounts reclassified from AOCI(1) |  | 6 |  |  | 2 |  |  | — |  |  | 8 |
Tax effect |  | (5 | ) |  | (2 | ) |  | — |  |  | (7 | )
Other comprehensive income (loss), net of tax |  | 22 |  |  | 7 |  |  | (7 | ) |  | 22 |
Balance at June 30, 2018 |  | $ | 13 |  |  | $ | (2 | ) |  | $ | (41 | ) |  | $ | (30 | )
Balance at December 31, 2018 |  | $ | 12 |  |  | $ | — |  |  | $ | (47 | ) |  | $ | (35 | )
Other comprehensive income before reclassifications |  | 12 |  |  | — |  |  | 2 |  |  | 14 |
Amounts reclassified from AOCI(1) |  | (22 | ) |  | 1 |  |  | — |  |  | (21 | )
Tax effect |  | 2 |  |  | — |  |  | — |  |  | 2 |
Other comprehensive (loss) income, net of tax |  | (8 | ) |  | 1 |  |  | 2 |  |  | (5 | )
Balance at June 29, 2019 |  | $ | 4 |  |  | $ | 1 |  |  | $ | (45 | ) |  | $ | (40 | )
(1) See Note 7, Derivative Instruments regarding timing of reclassifications to operating results.

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -URI http://asc.fasb.org/topic&trid=2134417 + Details
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