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Equity (Tables) | 6 Months Ended
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Jun. 27, 2020
Equity [Abstract] |
Reclassifications Out of AOCI | Reclassifications out of AOCI for the quarter and year-to-date periods ended June 27, 2020 and June 29, 2019, consisted of the following:
(millions) |  |  |
Details about AOCI components | Amount reclassified from AOCI |  | Line item impacted within Income Statement
| Quarter ended June 27, 2020 | Year-to-date period ended June 27, 2020 |
(Gains) losses on cash flow hedges: |  |  |
Interest rate contracts | $ | 5 |  | $ | 7 |  | Interest expense
| $ | 5 |  | $ | 7 |  | Total before tax
| (2) |  | (2) |  | Tax expense (benefit)
| $ | 3 |  | $ | 5 |  | Net of tax
Amortization of postretirement and postemployment benefits: |  |  |
Net experience (gain) loss | $ | (1) |  | $ | (2) |  | OIE
Prior service cost | (1) |  | (1) |  | See Note 9 for further details
| $ | (2) |  | $ | (3) |  | Total before tax
| 1 |  | 1 |  | Tax expense (benefit)
| $ | (1) |  | $ | (2) |  | Net of tax
Total reclassifications | $ | 2 |  | $ | 3 |  | Net of tax
(millions) |  |  |
Details about AOCI components | Amount reclassified from AOCI |  | Line item impacted within Income Statement
| Quarter ended June 29, 2019 | Year-to-date period ended June 29, 2019 |
(Gains) losses on cash flow hedges: |  |  |
Interest rate contracts | $ | 2 |  | $ | 3 |  | Interest expense
| $ | 2 |  | $ | 3 |  | Total before tax
| (1) |  | (1) |  | Tax expense (benefit)
| $ | 1 |  | $ | 2 |  | Net of tax
Amortization of postretirement and postemployment benefits: |  |  |
Net experience loss | $ | (1) |  | $ | (2) |  | See Note 9 for further details
| $ | (1) |  | $ | (2) |  | Total before tax
| 1 |  | 1 |  | Tax expense (benefit)
| $ | — |  | $ | (1) |  | Net of tax
Total reclassifications | $ | 1 |  | $ | 1 |  | Net of tax
Summary of Accumulated Other Comprehensive Income (Loss) | Accumulated other comprehensive income (loss), net of tax, as of June 27, 2020 and December 28, 2019 consisted of the following:
(millions) | June 27, 2020 | December 28, 2019
Foreign currency translation adjustments | $ | (1,634) |  | $ | (1,399) |
Cash flow hedges — unrealized net gain (loss) | (94) |  | (60) |
Postretirement and postemployment benefits: |  |
Net experience gain (loss) | 6 |  | 7 |
Prior service credit (cost) | 3 |  | 4 |
Available-for-sale securities unrealized net gain (loss) | 2 |  | — |
Total accumulated other comprehensive income (loss) | $ | (1,717) |  | $ | (1,448) |

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