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Equity (Tables) | 9 Months Ended
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Oct. 02, 2021
Equity [Abstract] |
Reclassifications Out of AOCI | Reclassifications out of Accumulated other comprehensive income (AOCI) for the quarter and year-to-date periods ended October 2, 2021 and September 26, 2020, consisted of the following:
(millions) |  |  |
Details about AOCI components | Amount reclassified from AOCI | Line item impacted within Income Statement
| Quarter ended October 2, 2021 | Year-to-date period ended October 2, 2021 |
(Gains) losses on cash flow hedges: |  |  |
Interest rate contracts (a) | $ | 4 |  | $ | 19 |  | Interest expense
| $ | 4 |  | $ | 19 |  | Total before tax
| (1) |  | (5) |  | Tax expense (benefit)
| $ | 3 |  | $ | 14 |  | Net of tax
Amortization of postretirement and postemployment benefits: |  |  |
Net experience (gain) loss (b) | $ | — |  | $ | (2) |  | OIE
| $ | — |  | $ | (2) |  | Total before tax
| — |  | 1 |  | Tax expense (benefit)
| $ | — |  | $ | (1) |  | Net of tax
(Gains) losses on available-for-sale securities: |  |  |
Corporate bonds (a) | $ | (2) |  | $ | (2) |  | OIE
| $ | (2) |  | $ | (2) |  | Total before tax
| — |  | — |  | Tax expense (benefit)
| $ | (2) |  | $ | (2) |  | Net of tax
Total reclassifications | $ | 1 |  | $ | 11 |  | Net of tax
(millions) |  |  |
Details about AOCI components | Amount reclassified from AOCI | Line item impacted within Income Statement
| Quarter ended September 26, 2020 | Year-to-date period ended September 26, 2020 |
(Gains) losses on cash flow hedges: |  |  |
Interest rate contracts (a) | $ | 4 |  | $ | 11 |  | Interest expense
| $ | 4 |  | $ | 11 |  | Total before tax
| (1) |  | (3) |  | Tax expense (benefit)
| $ | 3 |  | $ | 8 |  | Net of tax
Amortization of postretirement and postemployment benefits: |  |  |
Net experience loss (b) | $ | — |  | $ | (2) |  | OIE
Prior service cost (b) | — |  | (1) |  | OIE
| $ | — |  | $ | (3) |  | Total before tax
| — |  | 1 |  | Tax expense (benefit)
| $ | — |  | $ | (2) |  | Net of tax
Total reclassifications | $ | 3 |  | $ | 6 |  | Net of tax
Summary of Accumulated Other Comprehensive Income (Loss) | Accumulated other comprehensive income (loss), net of tax, as of October 2, 2021 and January 2, 2021 consisted of the following:
(millions) | October 2, 2021 | January 2, 2021
Foreign currency translation adjustments | $ | (1,670) |  | $ | (1,668) |
Cash flow hedges — unrealized net gain (loss) | (12) |  | (57) |
Postretirement and postemployment benefits: |  |
Net experience gain (loss) | 1 |  | 2 |
Prior service credit (cost) | (12) |  | (12) |
Available-for-sale securities unrealized net gain (loss) | — |  | 3 |
Total accumulated other comprehensive income (loss) | $ | (1,693) |  | $ | (1,732) |

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