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Accumulated Other Comprehensive Income (Loss) ("AOCI") | 9 Months Ended
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Oct. 01, 2021
Equity [Abstract] |
Accumulated Other Comprehensive Income (Loss) ("AOCI") | Note D — Accumulated Other Comprehensive Income (Loss) (“AOCI”) The components of AOCI are summarized below:
(In millions) | Foreign currency translation |  | Net unrealized losses on hedging derivatives |  | Unrecognized postretirement obligations |  | Total AOCI
Balance at January 1, 2021 | $ | (58) |  |  | $ | (80) |  |  | $ | (701) |  |  | $ | (839) |
Other comprehensive (loss) income, before income taxes | (37) |  |  | — |  |  | 769 |  |  | 732 |
Income taxes | — |  |  | — |  |  | (195) |  |  | (195) |
Other comprehensive (loss) income before reclassifications to earnings, net of income taxes(1) | (37) |  |  | — |  |  | 574 |  |  | 537 |
Losses (gains) reclassified to earnings(2) | 1 |  |  | (10) |  |  | 8 |  |  | (1) |
Income taxes | — |  |  | 2 |  |  | (2) |  |  | — |
Losses (gains) reclassified to earnings, net of income taxes | 1 |  |  | (8) |  |  | 6 |  |  | (1) |
Other comprehensive (loss) income, net of income taxes | (36) |  |  | (8) |  |  | 580 |  |  | 536 |
Balance at October 1, 2021 | $ | (94) |  |  | $ | (88) |  |  | $ | (121) |  |  | $ | (303) |
Balance at January 3, 2020 | $ | (81) |  |  | $ | (55) |  |  | $ | (372) |  |  | $ | (508) |
Other comprehensive loss, before income taxes | (28) |  |  | (75) |  |  | — |  |  | (103) |
Income taxes | — |  |  | 20 |  |  | — |  |  | 20 |
Other comprehensive loss before reclassifications to earnings, net of income taxes | (28) |  |  | (55) |  |  | — |  |  | (83) |
Losses (gains) reclassified to earnings(2) | 7 |  |  | 8 |  |  | (16) |  |  | (1) |
Income taxes | — |  |  | (2) |  |  | 4 |  |  | 2 |
Losses (gains) reclassified to earnings, net of income taxes | 7 |  |  | 6 |  |  | (12) |  |  | 1 |
Other comprehensive loss, net of income taxes | (21) |  |  | (49) |  |  | (12) |  |  | (82) |
Balance at October 2, 2020 | $ | (102) |  |  | $ | (104) |  |  | $ | (384) |  |  | $ | (590) |
_______________ (1)Other comprehensive income before reclassifications to earnings, net of income taxes, for the quarter and three quarters ended October 1, 2021 includes remeasurement of funded status of pension plans after the purchases of group annuity policies. See Note K — Postretirement Benefit Plans in these Notes for further information. (2)Losses (gains) reclassified to earnings are included in the “Revenue from product sales and services,” “Business divestiture-related gains (losses),” “Interest expense, net” and “Non-operating income” line items in our Condensed Consolidated Statement of Income (Unaudited).

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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 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263 + Details
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