Quarterly report pursuant to Section 13 or 15(d)

Other Comprehensive Income (Loss)

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Other Comprehensive Income (Loss)
 6 Months Ended
Jun. 27, 2020
Equity [Abstract]  
Other Comprehensive Income (Loss) [Text Block]
NOTE 11 : OTHER COMPREHENSIVE INCOME (LOSS)
The changes in accumulated other comprehensive income (loss) by component and related tax effects in the first six months of 2020 were as follows:
(In Millions) Unrealized Holding Gains (Losses) on Derivatives Actuarial Valuation and Other Pension Expenses Translation Adjustments and Other Total
Balance as of December 28, 2019 $ 54    $ (1,382)   $ 48    $ (1,280)  
Other comprehensive income (loss) before reclassifications
 19    (2)   69    86   
Amounts reclassified out of accumulated other comprehensive income (loss) 60    28    —    88   
Tax effects (28)   (3)   (15)   (46)  
Other comprehensive income (loss)
 51    23    54    128   
Balance as of June 27, 2020 $ 105    $ (1,359)   $ 102    $ (1,152)  
We estimate that we will reclassify approximately $48 million (before taxes) of net derivative gains included in accumulated other comprehensive income (loss) into earnings within the next 12 months.