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STOCKHOLDERS' EQUITY (Tables) | 9 Months Ended
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Sep. 25, 2022
Equity [Abstract] |
Schedule of Changes in the Balance of AOCL, Net of Tax | Changes in the balance of AOCL, net of tax, consisted of the following (in millions):
|  | Postretirement Benefit Plans |  | Other, net |  | AOCL
Balance at December 31, 2021 |  | $ | (10,964) |  |  | $ | (42) |  |  | $ | (11,006) |
Other comprehensive income (loss) before reclassifications (a) |  | 1,860 |  |  | (254) |  |  | 1,606 |
Amounts reclassified from AOCL |  |  |  |  |  |
Pension settlement charge (b) |  | 1,156 |  |  | — |  |  | 1,156 |
Recognition of net actuarial losses (c) |  | 295 |  |  | — |  |  | 295 |
Amortization of net prior service credits (c) |  | (202) |  |  | — |  |  | (202) |
Other |  | — |  |  | 17 |  |  | 17 |
Total reclassified from AOCL |  | 1,249 |  |  | 17 |  |  | 1,266 |
Total other comprehensive income (loss) |  | 3,109 |  |  | (237) |  |  | 2,872 |
Balance at September 25, 2022 |  | $ | (7,855) |  |  | $ | (279) |  |  | $ | (8,134) |
Balance at December 31, 2020 |  | $ | (16,155) |  |  | $ | 34 |  |  | $ | (16,121) |
Other comprehensive income (loss) before reclassifications (a) |  | 2,258 |  |  | (55) |  |  | 2,203 |
Amounts reclassified from AOCL |  |  |  |  |  |
Pension settlement charge (b) |  | 1,310 |  |  | — |  |  | 1,310 |
Recognition of net actuarial losses (c) |  | 579 |  |  | — |  |  | 579 |
Amortization of net prior service credits (c) |  | (192) |  |  | — |  |  | (192) |
Other |  | — |  |  | 4 |  |  | 4 |
Total reclassified from AOCL |  | 1,697 |  |  | 4 |  |  | 1,701 |
Total other comprehensive income (loss) |  | 3,955 |  |  | (51) |  |  | 3,904 |
Balance at September 26, 2021 |  | $ | (12,200) |  |  | $ | (17) |  |  | $ | (12,217) |
(a)Changes in AOCL before reclassifications related to our postretirement benefit plans represent the net actuarial gains from the interim remeasurement of certain defined benefit pension plans required primarily as a result of the purchase of group annuity contracts to transfer $4.3 billion and $4.9 billion of our gross defined benefit pension obligations and related plan assets to an insurance company on June 24, 2022 and August 3, 2021. (b)During the nine months ended September 25, 2022 and September 26, 2021, we recognized a noncash, non-operating pension settlement charge of $1.5 billion ($1.2 billion, or $4.33 per share, after-tax) and $1.7 billion ($1.3 billion, or $4.72 per share, after-tax). See “Note 6 - Postretirement Benefit Plans”. (c)These amounts include $(2) million and $107 million, net of tax, for the quarters ended September 25, 2022 and September 26, 2021, which are comprised of the recognition of net actuarial losses of $65 million and $171 million for the quarters ended September 25, 2022 and September 26, 2021, and the amortization of net prior service credits of $67 million and $64 million for the quarters ended September 25, 2022 and September 26, 2021.

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