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Shareholders' Equity
 3 Months Ended
Apr. 02, 2017
Equity [Abstract]  
Shareholders' Equity
SHAREHOLDERS’ EQUITY
Share Repurchases. Our board of directors authorizes management’s repurchase of outstanding shares of our common stock on the open market from time to time. On March 1, 2017, the board of directors authorized management to repurchase up to 10 million additional shares of the company’s outstanding stock. In the three-month period ended April 2, 2017, we repurchased 1.9 million of our outstanding shares for $355. On April 2, 2017, 13.5 million shares remained authorized by our board of directors for repurchase, approximately 4 percent of our total shares outstanding. We repurchased 7.8 million shares for $1 billion in the three-month period ended April 3, 2016.
Dividends per Share. Dividends declared per share were $0.84 and $0.76 for the three-month periods ended April 2, 2017, and April 3, 2016, respectively. Cash dividends paid were $230 and $215 for the three-month periods ended April 2, 2017, and April 3, 2016, respectively.
Accumulated Other Comprehensive Loss. The changes, pretax and net of tax, in each component of accumulated other comprehensive loss (AOCL) consisted of the following:
 
Losses on Cash Flow Hedges
Unrealized Gains on Securities
Foreign Currency Translation Adjustments
Changes in Retirement Plans’ Funded Status
AOCL
December 31, 2016
$
(345
)
$
14

$
69

$
(3,125
)
$
(3,387
)
Other comprehensive income, pretax
13

5

82

69

169

Provision for income tax, net
4

1

15

24

44

Other comprehensive income, net of tax
9

4

67

45

125

April 2, 2017
$
(336
)
$
18

$
136

$
(3,080
)
$
(3,262
)

December 31, 2015
$
(487
)
$
20

$
181

$
(2,997
)
$
(3,283
)
Other comprehensive income, pretax
182

(9
)
180

60

413

Provision for income tax, net
45

(3
)
5

22

69

Other comprehensive income, net of tax
137

(6
)
175

38

344

April 3, 2016
$
(350
)
$
14

$
356

$
(2,959
)
$
(2,939
)

Amounts reclassified out of AOCL related primarily to changes in our retirement plans’ funded status and consisted of pretax recognized net actuarial losses of $85 and $83 for the three-month periods ended April 2, 2017, and April 3, 2016, respectively. This was offset partially by pretax amortization of prior service credit of $18 and $19 for the three-month periods ended April 2, 2017, and April 3, 2016, respectively. These AOCL components are included in our net periodic pension and other post-retirement benefit cost. See Note N for additional details.