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Shareholders' Equity | 9 Months Ended
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Sep. 29, 2018
Shareholders' Equity |
Shareholders' Equity | Note 10. Shareholders’ Equity A reconciliation of Shareholder’s equity is presented below:
(In millions) | Common Stock | Capital Surplus | Treasury Stock | Retained Earnings | Accumulated Other Comprehensive Loss | Total Shareholders’ Equity
Balance at December 30, 2017 | $ | 33 | $ | 1,669 | $ | (48) | $ | 5,368 | $ | (1,375) | $ | 5,647
Adoption of ASC 606 |  | — |  | — |  | — |  | 90 |  | — |  | 90
Balance at December 31, 2017 |  | 33 |  | 1,669 |  | (48) |  | 5,458 |  | (1,375) |  | 5,737
Net income |  | — |  | — |  | — |  | 976 |  | — |  | 976
Other comprehensive income |  | — |  | — |  | — |  | — |  | 78 |  | 78
Share-based compensation activity |  | — |  | 150 |  | — |  | — |  | — |  | 150
Dividends declared |  | — |  | — |  | — |  | (15) |  | — |  | (15)
Purchases of common stock |  | — |  | — |  | (1,383) |  | — |  | — |  | (1,383)
Balance at September 29, 2018 | $ | 33 | $ | 1,819 | $ | (1,431) | $ | 6,419 | $ | (1,297) | $ | 5,543
Balance at December 31, 2016 | $ | 34 | $ | 1,599 | $ | — | $ | 5,546 | $ | (1,605) | $ | 5,574
Net income |  | — |  | — |  | — |  | 413 |  | — |  | 413
Other comprehensive income |  | — |  | — |  | — |  | — |  | 186 |  | 186
Share-based compensation activity |  | — |  | 112 |  | — |  | — |  | — |  | 112
Dividends declared |  | — |  | — |  | — |  | (16) |  | — |  | (16)
Purchases of common stock |  | — |  | — |  | (451) |  | — |  | — |  | (451)
Balance at September 30, 2017 | $ | 34 | $ | 1,711 | $ | (451) | $ | 5,943 | $ | (1,419) | $ | 5,818
The components of Accumulated other comprehensive loss are presented below:
(In millions) | Pension and Postretirement Benefits Adjustments | Foreign Currency Translation Adjustments | Deferred Gains (Losses) on Hedge Contracts | Accumulated Other Comprehensive Loss
For the nine months ended September 29, 2018 |  |  |  |  |  |  |  |
Beginning of period | $ | (1,396) | $ | 11 | $ | 10 | $ | (1,375)
Other comprehensive income before reclassifications |  | — |  | (26) |  | — |  | (26)
Reclassified from Accumulated other comprehensive loss |  | 100 |  | 6 |  | (2) |  | 104
Other comprehensive income |  | 100 |  | (20) |  | (2) |  | 78
End of period | $ | (1,296) | $ | (9) | $ | 8 | $ | (1,297)
For the nine months ended September 30, 2017 |  |  |  |  |  |  |  |
Beginning of period | $ | (1,505) | $ | (96) | $ | (4) | $ | (1,605)
Other comprehensive income before reclassifications |  | — |  | 98 |  | 10 |  | 108
Reclassified from Accumulated other comprehensive loss |  | 70 |  | — |  | 8 |  | 78
Other comprehensive income |  | 70 |  | 98 |  | 18 |  | 186
End of period | $ | (1,435) | $ | 2 | $ | 14 | $ | (1,419)
The before and after-tax components of Other comprehensive income are presented below:
| September 29, 2018 | September 30, 2017
(In millions) |  | Pre-Tax Amount |  | Tax (Expense) Benefit |  | After-Tax Amount |  | Pre-Tax Amount |  | Tax (Expense) Benefit |  | After-Tax Amount
Three Months Ended |  |  |  |  |  |  |  |  |  |  |  |
Pension and postretirement benefits adjustments: |  |  |  |  |  |  |  |  |  |  |  |
Amortization of net actuarial loss* | $ | 38 | $ | (9) | $ | 29 | $ | 34 | $ | (12) | $ | 22
Amortization of prior service cost* |  | 2 |  | — |  | 2 |  | 2 |  | (1) |  | 1
Business disposition |  | 7 |  | — |  | 7 |  | — |  | — |  | —
Pension and postretirement benefits adjustments, net |  | 47 |  | (9) |  | 38 |  | 36 |  | (13) |  | 23
Deferred gains (losses) on hedge contracts: |  |  |  |  |  |  |  |  |  |  |  |
Current deferrals |  | 3 |  | (1) |  | 2 |  | 9 |  | (2) |  | 7
Reclassification adjustments |  | (2) |  | 1 |  | (1) |  | 3 |  | — |  | 3
Deferred gains (losses) on hedge contracts, net |  | 1 |  | — |  | 1 |  | 12 |  | (2) |  | 10
Foreign currency translation adjustments: |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency translation adjustments |  | 1 |  | — |  | 1 |  | 31 |  | 3 |  | 34
Business disposition |  | 6 |  | — |  | 6 |  | — |  | — |  | —
Foreign currency translation adjustments, net |  | 7 |  | — |  | 7 |  | 31 |  | 3 |  | 34
Total | $ | 55 | $ | (9) | $ | 46 | $ | 79 | $ | (12) | $ | 67
Nine Months Ended |  |  |  |  |  |  |  |  |  |  |  |
Pension and postretirement benefits adjustments: |  |  |  |  |  |  |  |  |  |  |  |
Amortization of net actuarial loss* | $ | 115 | $ | (27) | $ | 88 | $ | 102 | $ | (36) | $ | 66
Amortization of prior service cost* |  | 6 |  | (1) |  | 5 |  | 6 |  | (2) |  | 4
Business disposition |  | 7 |  | — |  | 7 |  | — |  | — |  | —
Pension and postretirement benefits adjustments, net |  | 128 |  | (28) |  | 100 |  | 108 |  | (38) |  | 70
Deferred gains (losses) on hedge contracts: |  |  |  |  |  |  |  |  |  |  |  |
Current deferrals |  | 1 |  | (1) |  | — |  | 14 |  | (4) |  | 10
Reclassification adjustments |  | (3) |  | 1 |  | (2) |  | 9 |  | (1) |  | 8
Deferred gains (losses) on hedge contracts, net |  | (2) |  | — |  | (2) |  | 23 |  | (5) |  | 18
Foreign currency translation adjustments: |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency translation adjustments |  | (25) |  | (1) |  | (26) |  | 91 |  | 7 |  | 98
Business disposition |  | 6 |  | — |  | 6 |  | — |  | — |  | —
Foreign currency translation adjustments, net |  | (19) |  | (1) |  | (20) |  | 91 |  | 7 |  | 98
Total | $ | 107 | $ | (29) | $ | 78 | $ | 222 | $ | (36) | $ | 186
*These components of Other comprehensive income are included in the computation of net periodic pension cost. See Note 11 of our 2017 Annual Report on Form 10-K for additional information.

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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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