Annual report pursuant to Section 13 and 15(d)

Other Comprehensive Income (Loss)

v3.8.0.1
Other Comprehensive Income (Loss)
12 Months Ended
Dec. 30, 2017
Equity [Abstract]  
Other Comprehensive Income (Loss) [Text Block]
Note 16: Other Comprehensive Income (Loss)
The changes in accumulated other comprehensive income (loss) by component and related tax effects for each period 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
 
Actuarial Valuation and Other Pension Expenses
 
Foreign Currency Translation Adjustment
 
Total
December 26, 2015
 
$
1,749

 
$
8

 
$
(266
)
 
$
(916
)
 
$
(515
)
 
$
60

Other comprehensive income (loss) before reclassifications
 
1,170

 

 
(26
)
 
(680
)
 
(4
)
 
460

Amounts reclassified out of accumulated other comprehensive income (loss)
 
(530
)
 

 
38

 
170

 

 
(322
)
Tax effects
 
(225
)
 
(8
)
 
(5
)
 
146

 

 
(92
)
Other comprehensive income (loss)
 
415

 
(8
)
 
7

 
(364
)
 
(4
)
 
46

December 31, 2016
 
2,164

 

 
(259
)
 
(1,280
)
 
(519
)
 
106

Other comprehensive income (loss) before reclassifications
 
2,760

 

 
605

 
275

 
3

 
3,643

Amounts reclassified out of accumulated other comprehensive income (loss)
 
(3,431
)
 

 
(69
)
 
103

 
507

 
(2,890
)
Tax effects
 
235

 

 
(171
)
 
(61
)
 

 
3

Other comprehensive income (loss)
 
(436
)
 

 
365

 
317

 
510

 
756

December 30, 2017
 
$
1,728

 
$

 
$
106

 
$
(963
)
 
$
(9
)
 
$
862



The amounts reclassified out of accumulated other comprehensive income (loss) into the consolidated statements of income for each period were as follows:
 
 
 
 
Income Before Taxes Impact for Years Ended
(In Millions)
Comprehensive Income Components
 
Location
 
Dec 30,
2017
 
Dec 31,
2016
 
Dec 26,
2015
Unrealized holding gains (losses)1 on available-for-sale investments:
 
 
 
 
 
 
 
 
 
 
Gains (losses) on equity investments, net
 
$
3,431

 
$
530

 
$
93

 
 
 
 
3,431

 
530

 
93

Unrealized holding gains (losses) on derivatives:
 
 
 
 
 
 
 
 
Foreign currency contracts
 
Cost of sales
 
(65
)
 
(65
)
 
(290
)
 
 
Research and development
 
45

 
7

 
(177
)
 
 
Marketing, general and administrative
 
7

 
5

 
(46
)
 
 
Gains (losses) on equity investments, net
 
57

 
11

 

 
 
Interest and other, net
 
25

 
4

 
(9
)
 
 
 
 
69

 
(38
)
 
(522
)
Amortization of pension and postretirement benefit components:
 
 
 
 
 
 
 
 
Actuarial valuation and other pension expenses
 
 
 
(103
)
 
(170
)
 
(77
)
 
 
 
 
(103
)
 
(170
)
 
(77
)
Currency translation adjustment
 
Interest and other, net
 
(507
)
 

 

Total amounts reclassified out of accumulated other comprehensive income (loss)
 
 
 
$
2,890

 
$
322

 
$
(506
)

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 is included in the computation of net periodic benefit cost. For more information, see "Note 18: Retirement Benefit Plans."
We estimate that we will reclassify approximately $108 million (before taxes) of net derivative gains included in accumulated other comprehensive income (loss) into earnings within the next 12 months.
During the second quarter of 2017, we reclassified $507 million (before taxes) of currency translation adjustment losses included in accumulated other comprehensive income (loss) into earnings as a result of our divestiture of ISecG. For more information, see "Note 10: Acquisitions and Divestitures."