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STOCKHOLDERS' EQUITY
6 Months Ended
Jun. 27, 2015
STOCKHOLDERS' EQUITY

NOTE 7. STOCKHOLDERS’ EQUITY

The following table reflects the changes in stockholders’ equity.

 

(In millions)

      

Stockholders’ equity at December 27, 2014

   $ 1,621  

Net loss

     (13 )

Other comprehensive loss

     (51 )

Share transactions under employee-related plans

     5  

Amortization of long-term incentive stock grants

     21  
  

 

 

 

Stockholders’ equity at June 27, 2015

$ 1,583  
  

 

 

 

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

 

(In millions)    Foreign
Currency
Translation
Adjustments
     Change in
Deferred
Pension
     Total  

Balance at December 27, 2014

   $ 186       $ (79    $ 107   

Other comprehensive loss activity before reclassifications

     (50 )      —          (50 )

Reclassifications from Accumulated other comprehensive income (loss) to net income

        

Three month period ended March 28, 2015

     (1 )      —          (1 )

Three month period ended June 27, 2015

     —          —          —    
  

 

 

    

 

 

    

 

 

 

Net other comprehensive loss

  (51   —       (51
  

 

 

    

 

 

    

 

 

 

Balance at June 27, 2015

$ 135    $ (79 $ 56   
  

 

 

    

 

 

    

 

 

As a result of valuation allowances in the 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.