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Equity | 9 Months Ended
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Sep. 28, 2019
Equity [Abstract] |
Equity | Equity Earnings per share Basic earnings per share is determined by dividing net income by the weighted average number of common shares outstanding during the period. Diluted earnings per share is similarly determined, except that the denominator is increased to include the number of additional common shares that would have been outstanding if all dilutive potential common shares had been issued. Dilutive potential common shares consist principally of employee stock options issued by the Company, restricted stock units, and to a lesser extent, certain contingently issuable performance shares. There were 10 million and 14 million anti-dilutive potential common shares excluded from the reconciliation for the quarter and year-to-date periods ended September 28, 2019. There were 7 million and 6 million anti-dilutive potential common shares excluded from the reconciliation for the quarter and year-to-date periods ended September 29, 2018. Please refer to the Consolidated Statement of Income for basic and diluted earnings per share for the quarters ended September 28, 2019 and September 29, 2018. Share repurchases In December 2017, the board of directors approved a new authorization to repurchase up to $1.5 billion of our common stock beginning in January 2018 through December 2019. As of September 28, 2019, $960 million remains available under the authorization. During the year-to-date period ended September 28, 2019, the Company repurchased approximately 4 million shares of common stock for a total of $220 million. During the year-to-date period ended September 29, 2018, the Company repurchased approximately 2 million shares of common stock for a total of $120 million. Comprehensive income Comprehensive income includes net income and all other changes in equity during a period except those resulting from investments by or distributions to shareholders. Other comprehensive income consists of foreign currency translation adjustments, fair value adjustments associated with cash flow hedges and adjustments for net experience losses and prior service cost related to employee benefit plans, net of related tax effects. Reclassifications out of AOCI for the quarter and year-to-date periods ended September 28, 2019 and September 29, 2018, consisted of the following:
(millions) |  |  |
Details about AOCI components | Amount reclassified from AOCI | Line item impacted within Income Statement
| Quarter ended September 28, 2019 | Year-to-date period ended September 28, 2019 |
(Gains) losses on cash flow hedges: |  |  |
Interest rate contracts | $ | (1 | ) | $ | 2 |  | Interest expense
| $ | (1 | ) | $ | 2 |  | Total before tax
| — |  | (1 | ) | Tax expense (benefit)
| $ | (1 | ) | $ | 1 |  | Net of tax
Amortization of postretirement and postemployment benefits: |  |  |
Net experience (gain) loss | $ | (1 | ) | $ | (3 | ) | OIE
| $ | (1 | ) | $ | (3 | ) | Total before tax
| — |  | 1 |  | Tax expense (benefit)
| $ | (1 | ) | $ | (2 | ) | Net of tax
(Gains) losses on available-for-sale securities: |  |  |
Corporate bonds | $ | (4 | ) | $ | (4 | ) | OIE
| $ | (4 | ) | $ | (4 | ) | Total before tax
| — |  | — |  | Tax expense (benefit)
| $ | (4 | ) | $ | (4 | ) | Net of tax
Total reclassifications | $ | (6 | ) | $ | (5 | ) | Net of tax
(millions) |  |  |
Details about AOCI components | Amount reclassified from AOCI | Line item impacted within Income Statement
| Quarter ended September 29, 2018 | Year-to-date period ended September 29, 2018 |
(Gains) losses on cash flow hedges: |  |  |
Interest rate contracts | $ | 2 |  | $ | 6 |  | Interest expense
| $ | 2 |  | $ | 6 |  | Total before tax
| (1 | ) | (2 | ) | Tax expense (benefit)
| $ | 1 |  | $ | 4 |  | Net of tax
Amortization of postretirement and postemployment benefits: |  |  |
Net experience loss | $ | (1 | ) | $ | (3 | ) | See Note 10 for further details
| $ | (1 | ) | $ | (3 | ) | Total before tax
| — |  | — |  | Tax expense (benefit)
| $ | (1 | ) | $ | (3 | ) | Net of tax
Total reclassifications | $ | — |  | $ | 1 |  | Net of tax
Accumulated other comprehensive income (loss), net of tax, as of September 28, 2019 and December 29, 2018 consisted of the following:
(millions) | September 28, 2019 | December 29, 2018
Foreign currency translation adjustments | $ | (1,432 | ) | $ | (1,467 | )
Cash flow hedges — unrealized net gain (loss) | (74 | ) | (53 | )
Postretirement and postemployment benefits: |  |
Net experience gain (loss) | 20 |  | 23 |
Prior service credit (cost) | 3 |  | (3 | )
Total accumulated other comprehensive income (loss) | $ | (1,483 | ) | $ | (1,500 | )

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- References No definition available. + Details
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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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