Quarterly report pursuant to Section 13 or 15(d)

Other Comprehensive Income (Loss)

v3.7.0.1
Other Comprehensive Income (Loss)
 3 Months Ended
Apr. 01, 2017
Equity [Abstract]  
Other Comprehensive Income (Loss) [Text Block]
Note 12: Other Comprehensive Income (Loss)
The changes in accumulated other comprehensive income (loss) by component and related tax effects in the first three months of 2017 were as follows:
(In Millions)
 
Unrealized Holding Gains (Losses) on Available-for-Sale Investments
 
Unrealized Holding Gains (Losses) on Derivatives
 
Prior Service Credits (Costs)
 
Actuarial Gains (Losses)
 
Foreign Currency Translation Adjustment
 
Total
December 31, 2016
 
$
2,164

 
$
(259
)
 
$
(40
)
 
$
(1,240
)
 
$
(519
)
 
$
106

Other comprehensive income (loss) before reclassifications
 
1,098

 
266

 
—

 
(6
)
 
1

 
1,359

Amounts reclassified out of accumulated other comprehensive income (loss)
 
(263
)
 
(1
)
 
2

 
22

 
—

 
(240
)
Tax effects
 
(292
)
 
(70
)
 
—

 
—

 
—

 
(362
)
Other comprehensive income (loss)
 
543

 
195

 
2

 
16

 
1

 
757

April 1, 2017
 
$
2,707

 
$
(64
)
 
$
(38
)
 
$
(1,224
)
 
$
(518
)
 
$
863


The amounts reclassified out of accumulated other comprehensive income (loss) into the consolidated condensed statements of income for each period were as follows:
 
 
 
 
 
 
 
Three Months Ended
 
 
Comprehensive Income Components
 
Apr 1,
2017
 
Apr 2,
2016
 
Location
Unrealized holding gains (losses)1 on available-for-sale investments:
 
 
 
 
 
 
 
 
$
263

 
$
86

 
Gains (losses) on equity investments, net
 
 
—

 
(1
)
 
Interest and other, net
 
 
263

 
85

 
 
Unrealized holding gains (losses) on derivatives:
 
 
 
 
 
 
Foreign currency contracts
 
(20
)
 
(42
)
 
Cost of sales
 
 
(16
)
 
(10
)
 
Research and development
 
 
(5
)
 
(4
)
 
Marketing, general and administrative
 
 
4

 
—

 
Gains (losses) on equity investments, net
 
 
38

 
34

 
Interest and other, net
 
 
1

 
(22
)
 
 
Amortization of pension and postretirement benefit components:
 
 
 
 
 
 
Prior service credits (costs)
 
(2
)
 
(2
)
 
 
Actuarial gains (losses)
 
(22
)
 
(12
)
 
 
 
 
(24
)
 
(14
)
 
 
Total amounts reclassified out of accumulated other comprehensive income (loss)
 
$
240

 
$
49

 
 

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 2016 Form 10-K.
We estimate that we will reclassify approximately $60 million (before taxes) of net derivative losses included in accumulated other comprehensive income (loss) into earnings within the next 12 months.