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Comprehensive Income
 6 Months Ended
Jun. 25, 2022
Comprehensive Income [Abstract]  
Comprehensive Income
Note 12 – Comprehensive Income
Comprehensive income includes certain gains and losses that, under U.S.
 
GAAP,
 
are excluded from net income as
such amounts are recorded directly as an adjustment to stockholders’
 
equity.
 
The following table summarizes our Accumulated other comprehensive loss, net of
 
applicable taxes as of:
June 25,
December 25,
2022
2021
Attributable to Redeemable noncontrolling interests:
Foreign currency translation adjustment
 
$
(38)
$
(31)
Attributable to noncontrolling interests:
Foreign currency translation adjustment
 
$
(1)
$
-
Attributable to Henry Schein, Inc.:
Foreign currency translation adjustment
$
(234)
$
(155)
Unrealized gain (loss) from foreign currency hedging activities
 
7
(2)
Pension adjustment loss
 
(14)
(14)
Accumulated other comprehensive loss
 
$
(241)
$
(171)
Total Accumulated
 
other comprehensive loss
 
$
(280)
$
(202)
The following table summarizes the components of comprehensive income, net
 
of applicable taxes as follows:
Three Months Ended
Six Months Ended
June 25,
June 26,
June 25,
June 26,
2022
2021
2022
2021
Net income
$
167
$
164
$
353
$
339
Foreign currency translation gain (loss)
(90)
38
(87)
-
Tax effect
 
-
-
-
-
Foreign currency translation gain (loss)
(90)
38
(87)
-
Unrealized gain (loss) from foreign currency hedging
 
activities
 
10
(2)
12
2
Tax effect
 
(2)
-
(3)
(1)
Unrealized gain (loss) from foreign currency hedging
 
activities
 
8
(2)
9
1
Pension adjustment gain
-
-
-
1
Tax effect
 
-
-
-
-
Pension adjustment gain
-
-
-
1
Comprehensive income
 
$
85
$
200
$
275
$
341
The change in the unrealized gain (loss) from foreign currency hedging activities
 
during the three and six months
ended June 25, 2022 and June 26, 2021 was primarily attributable
 
to a net investment hedge that was entered into
during 2019.
Our financial statements are denominated in the U.S. Dollar currency.
 
Fluctuations in the value of foreign
currencies as compared to the U.S. Dollar may have a significant impact
 
on our comprehensive income.
 
The
foreign currency translation gain (loss) during the six months ended
 
June 25, 2022 and six months ended June 26,
2021 was primarily impacted by changes in foreign currency exchange rates
 
of the Euro, British Pound, Brazilian
Real, Australian Dollar and Canadian Dollar.
The following table summarizes our total comprehensive income, net of
 
applicable taxes, as follows:
Three Months Ended
Six Months Ended
June 25,
June 26,
June 25,
June 26,
2022
2021
2022
2021
Comprehensive income attributable to
Henry Schein, Inc.
 
$
87
$
185
$
271
$
323
Comprehensive income attributable to
noncontrolling interests
 
1
1
2
3
Comprehensive income (loss) attributable to
Redeemable noncontrolling interests
 
(3)
14
2
15
Comprehensive income
 
$
85
$
200
$
275
$
341