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Stockholders' Equity and Accumulated Other Comprehensive Loss | 9 Months Ended
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Oct. 01, 2022
Stockholders' Equity and Accumulated Other Comprehensive Loss |
Stockholders' Equity and Accumulated Other Comprehensive Loss | Note 7 – Stockholders’ Equity and Accumulated Other Comprehensive Loss The components of accumulated other comprehensive loss (“AOCL”), net of related taxes, were as follows:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Cumulative Foreign | ​ | Cumulative | ​ | ​ | ​ | ​
​ | ​ | Currency Translation | ​ | Unrecognized | ​ | ​ | ​ | ​
(Millions of dollars) | ​ | Adjustment | ​ | Pension Cost | ​ | Total | ​
Balance December 31, 2021 | ​ | $ | (368) | ​ | $ | (64) | ​ | $ | (432) | ​
Other comprehensive loss before reclassifications | ​ |  | (10) | ​ |  | (1) | ​ |  | (11) | ​
Amounts reclassified from AOCL to net earnings | ​ |  | 9 | (b) |  | 1 | (a) |  | 10 | ​
Other comprehensive loss, net of tax | ​ |  | (1) | ​ |  | — | ​ |  | (1) | ​
Balance April 2, 2022 | ​ | $ | (369) | ​ | $ | (64) | ​ | $ | (433) | ​
Other comprehensive loss before reclassifications | ​ |  | (2) | ​ |  | — | ​ |  | (2) | ​
Amounts reclassified from AOCL to net earnings | ​ |  | — | ​ |  | 1 | (a) |  | 1 | ​
Other comprehensive income (loss), net of tax | ​ |  | (2) | ​ |  | 1 | ​ |  | (1) | ​
Balance July 2, 2022 | ​ | $ | (371) | ​ | $ | (63) | ​ | $ | (434) | ​
Other comprehensive loss before reclassifications | ​ |  | (15) | ​ |  | — | ​ |  | (15) | ​
Amounts reclassified from AOCL to net earnings | ​ |  | — | ​ |  | 3 | (a) |  | 3 | ​
Other comprehensive income (loss), net of tax | ​ |  | (15) | ​ |  | 3 | ​ |  | (12) | ​
Balance October 1, 2022 | ​ | $ | (386) | ​ | $ | (60) | ​ | $ | (446) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Cumulative Foreign | ​ | Cumulative | ​ | ​ | ​ | ​
​ | ​ | Currency Translation | ​ | Unrecognized | ​ | ​ | ​ | ​
(Millions of dollars) | ​ | Adjustment | ​ | Pension Cost | ​ | Total | ​
Balance December 31, 2020 | ​ | $ | (376) | ​ | $ | (95) | ​ | $ | (471) | ​
Other comprehensive income (loss) before reclassifications | ​ |  | 15 | ​ |  | (1) | ​ |  | 14 | ​
Amounts reclassified from AOCL to net earnings | ​ |  | — | ​ |  | 2 | (a) |  | 2 | ​
Other comprehensive income (loss), net of tax | ​ |  | 15 | ​ |  | 1 | ​ |  | 16 | ​
Balance April 3, 2021 | ​ | $ | (361) | ​ | $ | (94) | ​ | $ | (455) | ​
Other comprehensive loss before reclassifications | ​ |  | (15) | ​ |  | (1) | ​ |  | (16) | ​
Amounts reclassified from AOCL to net earnings | ​ |  | — | ​ |  | 5 | (a) |  | 5 | ​
Other comprehensive income (loss), net of tax | ​ |  | (15) | ​ |  | 4 | ​ |  | (11) | ​
Balance July 3, 2021 | ​ | $ | (376) | ​ | $ | (90) | ​ | $ | (466) | ​
Other comprehensive income before reclassifications | ​ |  | 8 | ​ |  | — | ​ |  | 8 | ​
Amounts reclassified from AOCL to net earnings | ​ |  | — | ​ |  | 1 | (a) |  | 1 | ​
Other comprehensive income, net of tax | ​ |  | 8 | ​ |  | 1 | ​ |  | 9 | ​
Balance October 2, 2021 | ​ | $ | (368) | ​ | $ | (89) | ​ | $ | (457) | ​
| (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 a currency translation adjustment 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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- 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 https://asc.fasb.org/topic&trid=2208762 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496158-112644 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496158-112644 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496171-112644 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496171-112644 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI https://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496189-112644 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (g) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496158-112644 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496189-112644 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (h) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496158-112644 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496171-112644 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496189-112644 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 16 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496180-112644 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (i) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496158-112644 Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)(1)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 40 -Section 50 -Paragraph 6 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126731327&loc=SL126733271-114008 + Details
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