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 Equity Investments |
|
Unrealized Holding Gains (Losses) on Derivatives |
|
Actuarial Valuation and Other Pension Expenses |
|
Translation Adjustments and Other |
|
Total |
December 31, 2016 |
|
$ |
2,179 |
|
|
$ |
(259 |
) |
|
$ |
(1,280 |
) |
|
$ |
(534 |
) |
|
$ |
106 |
|
Other comprehensive income (loss) before reclassifications |
|
2,765 |
|
|
605 |
|
|
275 |
|
|
(2 |
) |
|
3,643 |
|
Amounts reclassified out of accumulated other comprehensive income (loss) |
|
(3,433 |
) |
|
(69 |
) |
|
103 |
|
|
509 |
|
|
(2,890 |
) |
Tax effects |
|
234 |
|
|
(171 |
) |
|
(61 |
) |
|
1 |
|
|
3 |
|
Other comprehensive income (loss) |
|
(434 |
) |
|
365 |
|
|
317 |
|
|
508 |
|
|
756 |
|
December 30, 2017 |
|
1,745 |
|
|
106 |
|
|
(963 |
) |
|
(26 |
) |
|
862 |
|
Impact of change in accounting standards |
|
(1,745 |
) |
|
24 |
|
|
(65 |
) |
|
(4 |
) |
|
(1,790 |
) |
Opening balance as of December 31, 2017 |
|
— |
|
|
130 |
|
|
(1,028 |
) |
|
(30 |
) |
|
(928 |
) |
Other comprehensive income (loss) before reclassifications |
|
— |
|
|
(310 |
) |
|
157 |
|
|
(16 |
) |
|
(169 |
) |
Amounts reclassified out of accumulated other comprehensive income (loss) |
|
— |
|
|
9 |
|
|
109 |
|
|
8 |
|
|
126 |
|
Tax effects |
|
— |
|
|
48 |
|
|
(56 |
) |
|
5 |
|
|
(3 |
) |
Other comprehensive income (loss) |
|
— |
|
|
(253 |
) |
|
210 |
|
|
(3 |
) |
|
(46 |
) |
December 29, 2018 |
|
$ |
— |
|
|
$ |
(123 |
) |
|
$ |
(818 |
) |
|
$ |
(33 |
) |
|
$ |
(974 |
) |
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 29,
2018 |
|
Dec 30,
2017 |
|
Dec 31,
2016 |
Unrealized holding gains (losses) on available-for-sale investments: |
|
|
|
|
|
|
|
|
|
|
Gains (losses) on equity investments, net |
|
$ |
— |
|
|
$ |
3,433 |
|
|
$ |
530 |
|
|
|
|
|
— |
|
|
3,433 |
|
|
530 |
|
Unrealized holding gains (losses) on derivatives: |
|
|
|
|
|
|
|
|
Foreign currency contracts |
|
Cost of sales |
|
(16 |
) |
|
(65 |
) |
|
(65 |
) |
|
|
Research and development |
|
41 |
|
|
45 |
|
|
7 |
|
|
|
Marketing, general and administrative |
|
22 |
|
|
7 |
|
|
5 |
|
|
|
Gains (losses) on equity investments, net |
|
— |
|
|
57 |
|
|
11 |
|
|
|
Interest and other, net |
|
(56 |
) |
|
25 |
|
|
4 |
|
|
|
|
|
(9 |
) |
|
69 |
|
|
(38 |
) |
Amortization of pension and postretirement benefit components: |
|
|
|
|
|
|
|
|
Actuarial valuation and other pension expenses |
|
|
|
(109 |
) |
|
(103 |
) |
|
(170 |
) |
|
|
|
|
(109 |
) |
|
(103 |
) |
|
(170 |
) |
Translation adjustments and other |
|
Interest and other, net |
|
(8 |
) |
|
(509 |
) |
|
— |
|
Total amounts reclassified out of accumulated other comprehensive income (loss) |
|
|
|
$ |
(126 |
) |
|
$ |
2,890 |
|
|
$ |
322 |
|
The amortization of pension and postretirement benefit components is included in the computation of net periodic benefit cost. For more information, see "Note 19: Retirement Benefit Plans."
We estimate that we will reclassify approximately $202 million (before taxes) of net derivative losses 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 11: Acquisitions and Divestitures."
|