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Shareholders' Equity Shareholders' Equity
 6 Months Ended
Jun. 29, 2014
Equity [Abstract]  
Shareholders' Equity
SHAREHOLDERS' EQUITY
Dividends per Share. Dividends declared per share were $0.56 and $1.12 for the three- and six-month periods ended June 30, 2013, and $0.62 and $1.24 for the three- and six-month periods ended June 29, 2014, respectively. Cash dividends paid were $198 for the six-month period ended June 30, 2013, and $213 and $411 for the three- and six-month periods ended June 29, 2014. In advance of possible tax increases, we accelerated our first quarter 2013 dividend payments to December 2012.
Share Repurchases. In the first six months of 2014, we repurchased approximately 25 million of our outstanding shares. Of this amount, 11.4 million shares were repurchased on January 24, 2014, for $1.2 billion under an ASR program facilitated through a financial institution. Our final cost of the ASR program will be determined based on the weighted-average daily market price of our stock during the term of the agreement, which expires later in 2014. On February 5, 2014, with shares from the prior authorization largely exhausted by the ASR program, the board of directors authorized management to repurchase 20 million additional shares of common stock on the open market. Subsequently, we repurchased an additional 13.6 million shares at an average price of $112 per share. On June 29, 2014, 6.4 million shares remain authorized by our board of directors for repurchase, approximately 2 percent of our total shares outstanding. We repurchased 7.6 million shares at an average price of $77 per share in the first six months of 2013.
Accumulated Other Comprehensive Loss. The changes, before tax and net of tax, in each component of accumulated other comprehensive loss (AOCL) consisted of the following:
 
Gains (losses) on Cash Flow Hedges
Unrealized Gains on Securities
Foreign Currency Translation Adjustments
Changes in Retirement Plans’ Funded Status
AOCL
Balance, December 31, 2012
$
6

$
7

$
1,092

$
(3,880
)
$
(2,775
)
Other comprehensive (loss) income before tax
(12
)
7

(244
)
204

(45
)
Provision for income tax, net
4

(2
)
3

(74
)
(69
)
Other comprehensive (loss) income net of tax
(8
)
5

(241
)
130

(114
)
Balance, June 30, 2013
$
(2
)
$
12

$
851

$
(3,750
)
$
(2,889
)


 
Gains (losses) on Cash Flow Hedges
Unrealized Gains on Securities
Foreign Currency Translation Adjustments
Changes in Retirement Plans’ Funded Status
AOCL
Balance, December 31, 2013
$
9

$
15

$
974

$
(2,183
)
$
(1,185
)
Other comprehensive (loss) income before tax
(9
)
6

9

116

122

Provision for income tax, net
3

(2
)
(1
)
(41
)
(41
)
Other comprehensive (loss) income net of tax
(6
)
4

8

75

81

Balance, June 29, 2014
$
3

$
19

$
982

$
(2,108
)
$
(1,104
)


Amounts reclassified out of AOCL related primarily to changes in retirement plans' funded status and consisted of recognized net actuarial losses (before tax) of $224 and $153 for the six-month periods ended June 30, 2013, and June 29, 2014, respectively. This was partially offset by amortization of prior service credit (before tax) of $26 and $35 for the six-month periods ended June 30, 2013, and June 29, 2014, respectively. These AOCL components are included in our net periodic pension and other post-retirement benefit cost. See Note M for additional details.