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Stockholders Equity and Accumulated Other Comprehensive Loss (Tables)
9 Months Ended
Sep. 28, 2024
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, 2022

$

(401)

$

(21)

$

(422)

Other comprehensive income before reclassifications

 

12

 

1

 

13

Amounts reclassified from AOCL to net earnings

 

 

1

(a)  

 

1

Other comprehensive income, net of tax

 

12

 

2

 

14

Balance April 1, 2023

$

(389)

$

(19)

$

(408)

Other comprehensive income before reclassifications

 

1

 

2

 

3

Amounts reclassified from AOCL to net earnings

 

 

 

Other comprehensive income, net of tax

 

1

 

2

 

3

Balance July 1, 2023

$

(388)

$

(17)

$

(405)

Other comprehensive loss before reclassifications

 

(3)

 

 

(3)

Amounts reclassified from AOCL to net earnings

 

 

 

Other comprehensive income (loss), net of tax

 

(3)

 

 

(3)

Balance September 30, 2023

$

(391)

$

(17)

$

(408)

Balance December 31, 2023

$

(404)

$

(6)

$

(410)

Other comprehensive loss before reclassifications

 

(2)

 

 

(2)

Amounts reclassified from AOCL to net earnings

 

 

2

(a)  

 

2

Other comprehensive income (loss), net of tax

 

(2)

 

2

 

Balance March 30, 2024

$

(406)

$

(4)

$

(410)

Other comprehensive income before reclassifications

 

 

 

Amounts reclassified from AOCL to net earnings

 

 

 

Other comprehensive income, net of tax

 

 

 

Balance June 29, 2024

$

(406)

$

(4)

$

(410)

Other comprehensive income before reclassifications

 

2

 

1

 

3

Amounts reclassified from AOCL to net earnings

 

1

 

 

1

Other comprehensive income, net of tax

 

3

 

1

 

4

Balance September 28, 2024

$

(403)

$

(3)

$

(406)

(a)This reclassification adjustment primarily represents the amortization of actuarial losses (gains) that were included in net periodic pension cost.