Quarterly report pursuant to Section 13 or 15(d)

Other Comprehensive Income (Loss)

v3.5.0.2
Other Comprehensive Income (Loss)
 6 Months Ended
Jul. 02, 2016
Equity [Abstract]  
Other Comprehensive Income (Loss) [Text Block]
Note 21: Other Comprehensive Income (Loss)
The changes in accumulated other comprehensive income (loss) by component and related tax effects in the first six 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
 
402

 
—

 
282

 
—

 
(508
)
 
1

 
177

Amounts reclassified out of accumulated other comprehensive income (loss)
 
(488
)
 
—

 
35

 
4

 
26

 
—

 
(423
)
Tax effects
 
31

 
(3
)
 
(104
)
 
(1
)
 
183

 
—

 
106

Other comprehensive income (loss)
 
(55
)
 
(3
)
 
213

 
3

 
(299
)
 
1

 
(140
)
July 2, 2016
 
$
1,694

 
$
5

 
$
(53
)
 
$
(37
)
 
$
(1,175
)
 
$
(514
)
 
$
(80
)

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
 
Six Months Ended
 
 
Comprehensive Income Components
 
Jul 2,
2016
 
Jun 27,
2015
 
Jul 2,
2016
 
Jun 27,
2015
 
Location
Unrealized holding gains (losses)1 on available-for-sale investments:
 
 
 
 
 
 
 
 
 
 
 
 
$
402

 
$
20

 
$
488

 
$
74

 
Gains (losses) on equity investments, net
 
 
1

 
—

 
—

 
—

 
Interest and other, net
 
 
403

 
20

 
488

 
74

 
 
Unrealized holding gains (losses) on derivatives:
 
 
 
 
 
 
 
 
 
 
Currency forwards
 
(17
)
 
(93
)
 
(59
)
 
(136
)
 
Cost of sales
 
 
7

 
(48
)
 
(3
)
 
(95
)
 
Research and development
 
 
3

 
(13
)
 
(1
)
 
(22
)
 
Marketing, general and administrative
 
 
10

 
—

 
10

 
—

 
Gains (losses) on equity investments, net
Other instruments
 
1

 
—

 
1

 
—

 
Gains (losses) on equity investments, net
 
 
(17
)
 
—

 
17

 
—

 
Interest and other, net
 
 
(13
)
 
(154
)
 
(35
)
 
(253
)
 
 
Amortization of pension and postretirement benefit components:
 
 
 
 
 
 
 
 
 
 
Prior service credits (costs)
 
(2
)
 
(2
)
 
(4
)
 
(4
)
 
 
Actuarial gains (losses)
 
(14
)
 
(14
)
 
(26
)
 
(28
)
 
 
 
 
(16
)
 
(16
)
 
(30
)
 
(32
)
 
 
Total amounts reclassified out of accumulated other comprehensive income (loss)
 
$
374

 
$
(150
)
 
$
423

 
$
(211
)
 
 

1 
We determine the cost of the investment sold based on an average cost basis at the individual security level.
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 $28 million (before taxes) of net derivative losses included in accumulated other comprehensive income (loss) into earnings within the next 12 months.