Shareholders' Equity (Tables)

9 Months Ended

Sep. 29, 2018

(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

Schedule of components of Accumulated Other Comprehensive Loss

(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)

Schedule of before and after-tax components of other comprehensive income

	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.