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Accumulated Other Comprehensive Income (Loss) (Tables)
 9 Months Ended
Oct. 04, 2025
Equity [Abstract]  
Components of Accumulated Other Comprehensive Income (Loss)

The following tables reflect the changes in accumulated other comprehensive income (loss) by component for the three months and nine months ended October 4, 2025 and September 28, 2024 (in millions):

 

 

 

Three-Month (13-Week) Period Ended

 

 

 

October 4, 2025

 

 

 

Gains and (Losses) on

 

 

Foreign Currency

 

 

Adjustment to Early

 

 

 

 

 

 

Hedging Derivatives

 

 

Gains (Losses)

 

 

Retiree Medical Plan

 

 

Total

 

Accumulated other comprehensive
  income (loss) at July 5, 2025

 

$

2

 

 

$

(180

)

 

$

11

 

 

$

(167

)

Other comprehensive income
   (loss) before reclassifications

 

 

(10

)

 

 

(19

)

 

 

-

 

 

 

(29

)

Amounts reclassified from
   accumulated other
   comprehensive income (loss)
   into earnings (1)

 

 

7

 

 

 

-

 

 

 

-

 

 

 

7

 

Net current-period other
   comprehensive income (loss)

 

 

(3

)

 

 

(19

)

 

 

-

 

 

 

(22

)

Accumulated other comprehensive
   income (loss) at October 4, 2025

 

$

(1

)

 

$

(199

)

 

$

11

 

 

$

(189

)

 

 

Nine-Month (39-Week) Period Ended

 

 

 

October 4, 2025

 

 

 

Gains and (Losses) on

 

 

Foreign Currency

 

 

Adjustment to Early

 

 

 

 

 

 

Hedging Derivatives

 

 

Gains (Losses)

 

 

Retiree Medical Plan

 

 

Total

 

Accumulated other comprehensive
   income (loss) at
   December 31, 2024

 

$

1

 

 

$

(220

)

 

$

11

 

 

$

(208

)

Other comprehensive income
   (loss) before reclassifications

 

 

(16

)

 

 

21

 

 

 

-

 

 

 

5

 

Amounts reclassified from
   accumulated other
   comprehensive income (loss)
   into earnings (1)

 

 

14

 

 

 

-

 

 

 

-

 

 

 

14

 

Net current-period other
   comprehensive income (loss)

 

 

(2

)

 

 

21

 

 

 

-

 

 

 

19

 

Accumulated other comprehensive
   income (loss) at October 4, 2025

 

$

(1

)

 

$

(199

)

 

$

11

 

 

$

(189

)

 

(1)
Includes $7 million and $14 million net-of-tax impact of accumulated other comprehensive income (loss) reclassifications into cost of products sold for net losses on commodity contracts in the third quarter and first nine months of 2025, respectively. The tax impact of those reclassifications was $3 million and $5 million in the third quarter and first nine months of 2025, respectively.

 

 

 

Three-Month (13-Week) Period Ended

 

 

 

September 28, 2024

 

 

 

Gains and (Losses) on

 

 

Foreign Currency

 

 

Adjustment to Early

 

 

 

 

 

 

Hedging Derivatives

 

 

Gains (Losses)

 

 

Retiree Medical Plan

 

 

Total

 

Accumulated other comprehensive
   income (loss) at June 29, 2024

 

$

(6

)

 

$

(183

)

 

$

11

 

 

$

(178

)

Other comprehensive income (loss)
   before reclassifications

 

 

(6

)

 

 

10

 

 

 

-

 

 

 

4

 

Amounts reclassified from
   accumulated other
   comprehensive income (loss)
   into earnings (2)

 

 

6

 

 

 

-

 

 

 

-

 

 

 

6

 

Net current-period other
   comprehensive income (loss)

 

 

-

 

 

 

10

 

 

 

-

 

 

 

10

 

Accumulated other comprehensive
   income (loss) at September 28, 2024

 

$

(6

)

 

$

(173

)

 

$

11

 

 

$

(168

)

 

 

 

Nine-Month (39-Week) Period Ended

 

 

 

September 28, 2024

 

 

 

Gains and (Losses) on

 

 

Foreign Currency

 

 

Adjustment to Early

 

 

 

 

 

 

Hedging Derivatives

 

 

Gains (Losses)

 

 

Retiree Medical Plan

 

 

Total

 

Accumulated other comprehensive
   income (loss) at
   December 31, 2023

 

$

(14

)

 

$

(159

)

 

$

11

 

 

$

(162

)

Other comprehensive income (loss)
   before reclassifications

 

 

(11

)

 

 

(14

)

 

 

-

 

 

 

(25

)

Amounts reclassified from
   accumulated other
   comprehensive income (loss)
   into earnings (2)

 

 

19

 

 

 

-

 

 

 

-

 

 

 

19

 

Net current-period other
   comprehensive income (loss)

 

 

8

 

 

 

(14

)

 

 

-

 

 

 

(6

)

Accumulated other comprehensive
   income (loss) at September 28, 2024

 

$

(6

)

 

$

(173

)

 

$

11

 

 

$

(168

)

 

Includes $6 million and $19 million net-of-tax impact of accumulated other comprehensive income (loss) reclassifications into cost of products sold for net losses on commodity contracts in the third quarter and first nine months of 2024, respectively. The tax impact of those reclassifications was $2 million and $6 million in the third quarter and first nine months of 2024, respectively.