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Stockholders Equity and Accumulated Other Comprehensive Loss (Tables) | 3 Months Ended
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Apr. 02, 2022
Stockholders' Equity and Accumulated Other Comprehensive Loss |
Schedule of components of accumulated other comprehensive loss, net of related taxes |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Cumulative |  | ​ | ​ |  | ​ | ​ | ​
​ | ​ | Foreign | ​ | Cumulative | ​ | ​ | ​ | ​
​ | ​ | Currency | ​ | Unrecognized | ​ | ​ | ​ | ​
​ | ​ | Translation | ​ | Pension | ​ | ​ | ​ | ​
(Millions of dollars) | ​ | Adjustment | ​ | Cost | ​ | Total | ​
Balance December 31, 2020 | ​ | $ | (376) | ​ | $ | (95) | ​ | $ | (471) | ​
Other comprehensive loss before reclassifications | ​ |  | 15 | ​ |  | (1) | ​ |  | 14 | ​
Amounts reclassified from AOCL to net earnings | ​ |  | — | ​ |  | 2 | (a) |  | 2 | ​
Other comprehensive income, net of tax | ​ |  | 15 | ​ |  | 1 | ​ |  | 16 | ​
Balance April 3, 2021 | ​ | ​ | (361) | ​ | ​ | (94) | ​ | ​ | (455) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Balance December 31, 2021 | ​ | $ | (368) | ​ | $ | (64) | ​ | $ | (432) | ​
Other comprehensive income before reclassifications | ​ |  | (10) | ​ |  | (1) | ​ |  | (11) | ​
Amounts reclassified from AOCL to net earnings | ​ |  | 9 | (b) |  | 1 | (a) |  | 10 | ​
Other comprehensive income, net of tax | ​ |  | (1) | ​ |  | — | ​ |  | (1) | ​
Balance April 2, 2022 | ​ | $ | (369) | ​ | $ | (64) | ​ | $ | (433) | ​
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| (a) | This reclassification adjustment primarily represents the amortization of actuarial losses (gains) that were included in net periodic pension cost.
| (b) | This reclassification adjustment primarily reflects the recognition of currency translation adjustments upon the disposition of a CT&M business in Brazil whose functional currency was the Brazilian real. Upon management’s commitment to a plan to dispose, substantially all of this adjustment was previously recognized as an impairment in cost of sales for the year ended December 31, 2021. During the first quarter of 2022, cash proceeds of $4 million, net of cash sold, were received, and accounts receivable of $3 million were recognized for working capital adjustments and other pending matters.

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