Quarterly report pursuant to Section 13 or 15(d)

Other Comprehensive Income (Loss)

v3.4.0.3
Other Comprehensive Income (Loss)
 3 Months Ended
Apr. 02, 2016
Equity [Abstract]  
Other Comprehensive Income (Loss) [Text Block]
Note 20: Other Comprehensive Income (Loss)
The changes in accumulated other comprehensive income (loss) by component and related tax effects in the first three months of 2016 were as follows:
(In Millions)
 
Unrealized Holding Gains (Losses) on Available-for-Sale Investments
 
Deferred Tax Asset Valuation Allowance
 
Unrealized Holding Gains (Losses) on Derivatives
 
Prior Service Credits (Costs)
 
Actuarial Gains (Losses)
 
Foreign Currency Translation Adjustment
 
Total
December 26, 2015
 
$
1,749

 
$
8

 
$
(266
)
 
$
(40
)
 
$
(876
)
 
$
(515
)
 
$
60

Other comprehensive income (loss) before reclassifications
 
532

 
—

 
243

 
—

 
6

 
2

 
783

Amounts reclassified out of accumulated other comprehensive income (loss)
 
(85
)
 
—

 
22

 
2

 
12

 
—

 
(49
)
Tax effects
 
(156
)
 
(1
)
 
(78
)
 
—

 
1

 
—

 
(234
)
Other comprehensive income (loss)
 
291

 
(1
)
 
187

 
2

 
19

 
2

 
500

April 2, 2016
 
$
2,040

 
$
7

 
$
(79
)
 
$
(38
)
 
$
(857
)
 
$
(513
)
 
$
560


The amounts reclassified out of accumulated other comprehensive income (loss) into the consolidated condensed statements of income, with presentation location, for each period were as follows:
 
 
Income Before Taxes Impact
(In Millions)
 
 
 
 
Three Months Ended
 
 
Comprehensive Income Components
 
Apr 2,
2016
 
Mar 28,
2015
 
Location
Unrealized holding gains (losses) on available-for-sale investments:
 
 
 
 
 
 
 
 
$
(1
)
 
$
—

 
Interest and other, net
 
 
86

 
54

 
Gains (losses) on equity investments, net
 
 
85

 
54

 
 
Unrealized holding gains (losses) on derivatives:
 
 
 
 
 
 
Currency forwards
 
(42
)
 
(43
)
 
Cost of sales
 
 
(10
)
 
(47
)
 
Research and development
 
 
(4
)
 
(9
)
 
Marketing, general and administrative
Other instruments
 
34

 
—

 
Interest and other, net
 
 
(22
)
 
(99
)
 
 
Amortization of pension and postretirement benefit components:
 
 
 
 
 
 
Prior service credits (costs)
 
(2
)
 
(2
)
 
 
Actuarial gains (losses)
 
(12
)
 
(14
)
 
 
 
 
(14
)
 
(16
)
 
 
Total amounts reclassified out of accumulated other comprehensive income (loss)
 
$
49

 
$
(61
)
 
 

The amortization of pension and postretirement benefit components are included in the computation of net periodic benefit cost. For further information, see the "Retirement Benefit Plans" note in Part II, Item 8 of our Annual Report on Form 10-K for the year ended December 26, 2015.
We estimate that we will reclassify approximately $7 million (before taxes) of net derivative gains included in accumulated other comprehensive income (loss) into earnings within the next 12 months.