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Equity | 3 Months Ended
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Mar. 29, 2025
Equity [Abstract] |
Equity | Equity Earnings per share Basic earnings (loss) per share is determined by dividing net income by the weighted average number of shares of common stock outstanding during the year. Diluted earnings per share is similarly determined, except that the denominator is increased to include the number of additional shares of common stock that would have been outstanding if all dilutive potential shares of common stock had been issued. Dilutive potential shares of common stock consist principally of unvested restricted stock units and unvested performance stock units. Computations of diluted earnings per share should not give effect to any dilutive potential shares of common stock that would have the effect of increasing earnings per share (or decreasing the loss per share). For the quarter ended March 29, 2025, the Company had approximately two million dilutive shares and no anti-dilutive shares. For the quarter ended March 30, 2024, the Company had approximately one million dilutive shares and no anti-dilutive shares. Please refer to the Consolidated Statement of Income for basic and diluted earnings per share for the quarters ended March 29, 2025 and March 30, 2024. Comprehensive income Comprehensive income includes net income and all other changes in equity during a period except those resulting from investments by or distributions to shareowners. Other comprehensive income consists of foreign currency translation adjustments, fair value adjustments associated with cash flow hedges, which are recorded in interest expense within the statement of income upon reclassification from Accumulated Other Comprehensive Income ("AOCI"), adjustments for net experience gains (losses) and prior service credit (costs) related to employee benefit plans, which are recorded in OIE within the statement of income upon reclassification from AOCI. The related tax effects of these items are recorded in Income taxes within the Unaudited Consolidated Statement of Income upon reclassification from AOCI. AOCI as of March 29, 2025 and December 28, 2024 consisted of the following:
(millions) | March 29, 2025 | December 28, 2024
Foreign currency translation adjustments | $ | (49) |  | $ | (49) |
Cash flow hedges — net deferred gain (loss) | 1 |  | 5 |
Postretirement and postemployment benefits: |  |
Net experience gain (loss) | (2) |  | (2) |
Prior service credit (cost) | 5 |  | 4 |
Total accumulated other comprehensive income (loss) | $ | (45) |  | $ | (42) |

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