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STOCKHOLDERS' EQUITY
 12 Months Ended
Dec. 28, 2013
STOCKHOLDERS' EQUITY

NOTE 12. STOCKHOLDERS’ EQUITY

Preferred Stock

As of December 28, 2013, there were 1,000,000 shares of $0.01 par value preferred stock authorized.

Treasury Stock

At December 28, 2013, there were 5,915,268 shares held in treasury. The Company’s Senior Secured Notes and the Facility include restrictions on additional common stock repurchases, based on the Company’s liquidity and borrowing availability.

Accumulated Other Comprehensive Income

Accumulated other comprehensive income activity, net of tax, where applicable, is provided in the following table:

(In millions) Foreign
Currency
Translation
Adjustments (b)		 Change in
Deferred
Pension		 Change in
Deferred
Cash Flow
Hedge (c)		 Total

Balance at December 29, 2012

 $ 217 $ (4 ) $ — $ 213

Other comprehensive income (loss) activity before reclassifications

 11 22 2 35

Amounts reclassified from Accumulated other comprehensive income to Net earnings (loss) (a)

 36 — (2 ) 34

Tax impact

 — (10 ) — (10 )

Net year-to-date other comprehensive income

 47 12 — 59

Balance at December 28, 2013

 $ 264 $ 8 $ — $ 272

(a)

Amounts in parentheses indicate an increase to earnings.

(b)

Includes $3 million gain included in Merger, restructuring and other operating expenses, net and $39 million loss, which is a component of Gain on disposition of joint venture.

(c)

Included in the $(2) million are $(1) million recorded in Cost of goods sold and occupancy costs and $(1) million included in Other income (expense), net, respectively.

Because of valuation allowances in U.S. and several international taxing jurisdictions, items other than deferred pension amounts generally have little or no tax impact. The component balances are net of immaterial tax impacts, where applicable.